Passive Wealth Principles

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Tommy Christy, founder of iLoveHouses.com, an asset acquisition platform. He has 20 years of experience in the buying, fixing, and selling of foreclosure properties. Having lived and worked through one of the most tumultuous housing markets, Tommy has a ton of experience that has enabled him to thrive in remote investing and buy box strategy. He is at his peak of buying three houses every month each year and operating across five different states, including California, Nevada, Florida, Montana, and Missouri.

As always, Jake shares some of the insights he gained from his fascinating conversation with Tommy.

You'll discover the concept of a 'buy box,' and the reasons why Tommy relies on his buy box to make his deals.

Jake discusses Tommy's belief that the ability to operate in the distressed world and find returns is based on being nimble.

You will also learn some of the truly unique and unusual experiences Tommy has had during his career purchasing distressed homes.

Listen now and enjoy!

What You’ll Learn in this Show:

• How having a buy box allows you to say no to more deals quickly.
• Why you need to be in and out of an asset every 90 days.
• Why it’s important to understand the cost of capital.
• And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Tommy Christy, founder of iLoveHouses.com, an asset acquisition platform. He has 20 years of experience in the buying, fixing, and selling of foreclosure properties. Having lived and worked through one of the most tumultuous housing markets, Tommy has a ton of experience that has enabled him to thrive in remote investing and buy box strategy. He is at his peak of buying three houses every month each year and operating across five different states, including California, Nevada, Florida, Montana, and Missouri.

During the episode, Tommy explains his background and how he originally got into purchasing distressed homes.

He offers some thoughts on the "buy box: concept: A tool used by real estate investors to determine the types of properties they want to purchase. The buy box is normally broken down into columns and details the criteria a property must meet to be considered for purchase.

Tommy also explains why he believes that the ability to operate in the distressed world and find returns is based on being nimble: How many know what they're doing and how many are accurately closing as fast as they claim.

Join Jake and Tommy for this fascinating discussion.

Enjoy!

What You Will Learn in this Show:

• How Tommy first got into distressed investing.
• Why today’s market is not the same as yesterday.
• Why the people that are going to do well in this market are those that work like a husband-wife team.
• Some of the unusual things Tommy has found in houses he's bought.
• And so much more...

Resources:

I Love Houses

Tommy's LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Dr. Nate Smith, founder of Clearwater Capital Group. Nate is a real estate investor and an industry leader in creative financing and asset management. He reached financial independence at age 30 and currently owns over 200 doors, totaling approximately $24 million in assets. He has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation. One of Nathan’s passions is teaching others about the power of investing in real estate.

As always, Jake shares some of the insights he gained from his fascinating conversation with Nate.

You'll discover how Nate started in a small town in Wisconsin and began his real estate investing journey back in high school, with a property he purchased with his father.

Jake discusses a summer job Nate took in his early 20's working on a fishing boat in Alaska, where he was surrounded by wealthy people on expensive fishing trips. There he would ask many questions and gain insights that helped in his later education and career.

Listen now and enjoy!

What You’ll Learn in this Show:

• Nate’s journey into real estate investing.
• Nate’s experience working on a fishing boat in Alaska with wealthy clients.
• Advice for people who want to stay in their high income earning job a little longer until they reach financial freedom.
• And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Dr. Nate Smith, founder of Clearwater Capital Group. Nate is a real estate investor and an industry leader in creative financing and asset management. He reached financial independence at age 30 and currently owns over 200 doors, totaling approximately $24 million in assets. He has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation. One of Nathan’s passions is teaching others about the power of investing in real estate.

During the episode, Nate explains his background as a pharmacist as well as how (and why) his journey into real estate investing actually began in high school.

He offers some thoughts on his process for real estate investing, from direct-to-seller transactions and more recently, working with brokers, calling them in his markets.

Nate also explains what seller financing is and offers some insights into how it works, as well as what 'creative financing' looks like to him.

Join Jake and Nate for this fascinating discussion.

Enjoy!

What You Will Learn in this Show:

• A little about Nate's background and how he became a real estate investor.
• The importance of staving off 'lifestyle creep.'
• How he used his existing medical license to help him get financing.
• How he got into fracking and oil and gas.
• And so much more...

Resources:

Nate's Instagram

Nate's YouTube

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Dirk van Reenen, co-founder of MERUS Adventure, a premier private adventure park located in the second-largest canyon in North America: Palo Duro Canyon, Texas.

As always, Jake shares some of the insights he gained from his fascinating conversation with Dirk.

You'll discover Dirk's journey, immigrating from South Africa to a small town in Texas and the challenges he and his family faced when they moved there.

Jake discusses the sequence of actions and events that took place to unlock the next levels of success for Dirk, such as getting their little auctioneer business to sell some foreclosures on some land, then developing it into his real estate investments.

You will learn some of the systems and processes Dirk has created and refined to get him to the level of success he has now.

Listen now and enjoy!

What You’ll Learn in this Show:

• Dirk's journey from South Africa to a small town in Texas.
• What it’s like to succeed on the other side of the world.
• Dirk’s passion to help service-based businesses.
• And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Dirk van Reenen, co-founder of MERUS Adventure, a premier private adventure park located in the second-largest canyon in North America: Palo Duro Canyon, Texas. Dirk was born and raised in South Africa where he spent the majority of his childhood outdoors. At age 14, he immigrated to Texas with his family. He worked on farms and ranches throughout high school and college and then began his entrepreneurial journey, buying his first business at age 21. Dirk has always loved the outdoors and spending time offroading, camping, hiking, fishing, and mountain biking. It was a long time dream of his to open a park like MERUS and in 2020 he felt God called him to make the dream become a reality.

During the episode, Dirk explains the circumstances that led from being born a 15th generation South African, to his immigration at 14 to Texas in the United States.

He offers some thoughts on his upbringing and powerful work ethic, which involved working after school, on weekends and during holidays, a work ethic that has served him well in the years since.

Dirk explains why 2012 was a transformational moment for Dirk - his business had failed, and his wife was pregnant with their first child. He knew he had to make massive changes in order to make things work and provide for his family.

He also reveals the moment in 2016 when he decided to create BERGflow, a company built to empower entrepreneurs and business owners that are changing the world.

Join Jake and Dirk for this fascinating discussion.

Enjoy!

What You Will Learn in this Show:

• A little of Dirk's backstory and journey, starting in South Africa and eventually ending up in Texas.
• How he went from being a team leader to becoming the CEO of a brokerage.
• Dirk’s transformation from survival mode to developing a humble love for others.
• Why Dirk believes that there is a framework to success.
• And so much more...

Resources:

MERUS Adventure

MERUS Adventure Instagram

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Ryan Kennedy, a functional medicine practitioner, traditional naturopath, board-certified clinical nutritionist, and now author of 'Beyond Nutrition: The Ultimate Guide to a Healthy and High Quality Life.'

As always, Jake shares some of the insights he gained from his fascinating conversation with Ryan.

You'll discover Ryan's journey into the health awareness space, triggered largely by his mother's cancer diagnosis and the way in which he felt traditional medicine had failed to help her.

Jake discusses the differences between dealing with the symptoms (modern medicine) and looking for the underlying cause of illness (naturopathic medicine) - taking a pill for a headache vs. discovering what caused the headache in the first place.

You will learn what Ryan recommends as the most optimal daily routine for maximum vitality, health, and quality of life.

Listen now and enjoy!

What You’ll Learn in this Show:

• The differences between naturopathic medicine and traditional medicine.
• Solving the root cause of illness vs. dealing with the symptoms.
• Ryan's mother's cancer diagnosis and how it changed his entire outlook on life.
• The importance of reaching out to an expert when dealing with issues of health and well being.
• And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Ryan Kennedy, a functional medicine practitioner, traditional naturopath, and board-certified clinical nutritionist. He helps people improve their health through lifestyle and dietary changes. He is passionate about educating his patients to make the proper modifications to their lifestyle to avoid and reverse obesity/weight gain, depression, fatigue, digestive issues, hormone imbalances, and chronic diseases. Ryan doesn’t address symptoms but rather uses natural approaches to support and enhance your body’s ability to heal.

During the episode, Ryan explains what naturopathic medicine is, and how a naturopathic practitioner differs from a traditional medical doctor.

He demonstrates why we should wake up each morning and shift our frame of reference from reactive to a sense of gratitude - a feeling that you get to live in love for another day.

Ryan explains some of the things most of us are doing wrong that lead us to having less-than-optimal clarity, energy, sleep quality, and overall vitality in our everyday lives.

He also reveals why holotropic transformational breathwork often creates an out-of-body experience that feels like a psychedelic journey.

Join Jake and Ryan for this fascinating discussion.

Enjoy!

What You Will Learn in this Show:

• Naturopathic medicine vs. traditional medicine
• The difference between solving the root cause and dealing with the symptoms.
• His mother's cancer diagnosis and how it changed his outlook and his life.
• The facts about intermittent fasting.
• And so much more...

Resources:

Ryan Kennedy Health

Ryan's Instagram

Beyond Nutrition book

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Amanda Han, CPA, Tax Strategist and Managing Director of Keystone CPA Inc. She is also the author of, "The Book on Tax Strategies for the Savvy Real Estate Investor," and "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors," as well as a contributor to Money Magazine, Google Talks, and CNBC.

As always, Jake shares some of the insights he gained from his conversation with Amanda.

You'll discover the journey that Amanda and her husband embarked on to create their own firm, from entering the real estate business to discovering that their strengths lay not in negotiation, but in taxes.

Jake discusses some of the tips and strategies Amanda shared, such as how you can write off interest, and how you can use short term rentals to offset short term losses.

You will learn how Amanda and her husband have been able to take the very complex IRS tax code, and break it down into more simplified terms for the benefit of her clients.

Jake will also talk about situations when you can't 'unring the bell,' such as when you transition and sell a property, pay the taxes, but realize that you didn't do a 1031 exchange. You can't go back and correct that error. There are unfortunately certain things that you can't do outside of the calendar year.

Listen now and enjoy!

What You’ll Learn in this Show:

• Why Amanda and her husband decided to start their own real estate investing business.
• How you can start carving out tax savings without having to change your lifestyle.
• Why it's so important to have a tax strategist and tax planner involved, particularly as you begin to make more money.
• The opportunities that appear when you have a tax strategist and a planner working on your behalf.
• And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Amanda Han, CPA, Tax Strategist, author and Managing Director of Keystone CPA Inc. As a CPA and real estate investor, Amanda has helped countless investors across the nation to supercharge their wealth building through proactive tax saving with her top selling Amazon books such as "The Book on Tax Strategies for the Savvy Real Estate Investor," and "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors," as well as her teachings in prominent publications such as Money Magazine, Google Talks, and CNBC. She brings over two decades of tax planning and compliance experience from working in Big 4 Public Accounting as well as public and private companies.

During the episode, Amanda reveals how she and her husband realized that their passion for real estate lay not in the negotiation/hunting for deals side of things, but on the tax side.

She outlines some of the tax strategies and tips that people can use right now to save money on their taxes.

Amanda explains how a 'loophole' in the tax law means that you may be able to use short-term rentals (properties where the average guest's stay during the year is seven days or less) to offset short term losses.

She also reveals what happens when someone begins working with a CPA for the first time (reviewing past tax returns, possible exposures or mistakes made in the past, etc.)

Join Jake and Amanda for this fascinating discussion.

Enjoy!

What You Will Learn in this Show:

• Amanda's journey to start her own accounting firm.
• How to use short-term rentals to offset short term losses.
• Some of the best ways to grow from a tax perspective.
• How to get your effective tax rate down.
• And so much more...

Resources:

Keystone CPA Inc.

Amanda's LinkedIn