In this episode,Michael Wagner talks about the science of success, not just in self storage, but in life. Michael shares how he was able to become successful in the self-storage space by taking advantage of his brand marketing and knowledge training company, the Storage Rebellion and how we can apply the principles of success in our everyday life.

 

[00:01 - 08:30] Unlocking Extraordinary Lives Through Self-Storage Investing

Michael Wagner shares about his background and how he got in to self-storage

The Storage Rebellion teaches people how to invest in self-storage

 achieving storage success and an extraordinary life is through a parallel pursuit of both

 

[08:31 - 15:18] Cultivating Unwavering Faith in Yourself to Achieve Your Goals

Defining success for yourself and reverse engineering a plan to get there

Unwavering faith in yourself and not quitting until you achieve your goal

Extending grace to yourself when you come up short

 

[15:19 - 30:00] Uncovering the Upper Limit Problem

Building a toolkit to help get out of a rut

Surrounding yourself with empowering and inspiring content

Replacing negative thoughts with positive ones and using affirmations to drown out negative voices

[30:00 – 34:05] Closing Segment

Quick break for our sponsorsThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 

What is your favorite book?Be Your Future Self Now by Dr. Be Your Future Self Now

 Michael Wagner’s indispensable tool  A personal and well defined vision

What are you looking forward to in 2023?Traveling in a camper

Connect with Michael Wagner:

Websites: https://www.thestoragerebellion.com/, https://www.storagerebel.com/

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“The fastest way to extraordinary life and storage success is if we do what I would call parallel pursuit of both. So we're going to pursue storage success and we're also concurrently gonna pursue an extraordinary life because the extraordinary life can be used as fuel to enhance the storage success.” - Michael Wagner

In this episode, Robert Leonard shares about house hacking, what it is, and how to do it. He also proposed new strategies to help us earn higher in real estate and how we should shift our mindset from thinking about profitability and not just comfort.

[00:01 - 06:27] Diving into House Hacking 

House hacking is purchasing a property with the goal of renting out additional space to reduce living expenses

Scaling to fit the lifestyle you want 

Comfort vs. Profitability metric/graph shows that as comfort is given up, profitability increases

 

[06:28 - 11:45] Finding the Right House Hack

Legislation in some areas is making ADUs easier to obtain

Quantifying comfort given up versus profitability can help determine the best house hack strategy 

When house hacking, consider both the qualitative and financial aspects of the property to find the right deal

 

[11:46 - 21:20] Setting Criteria and Navigating Financial Logistics                                                                                                        

When renovating, consider what is normal and appropriate for the area

Consider using a third party payment service to streamline financial aspects 

Check local laws and regulations regarding electronic payments

 

[21:21 - 27:23] Closing Segment

Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 

What is the best investment you've ever made other than your education?The first house hack he did where he was able to overcome his limiting beliefs 

Robert Leonard’s worst investments Buying stocks based on quantitative data only

What is the most important lesson you’ve learned in business and investing?People who have done great things are no different from everyone else

Connect with Robert Leonard:

Website: http://househacking.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“99% of people that have done great things are no different than anybody else.” - Robert Leonard

In this episode, Gino Barbaro digs into some of the biggest blind spots in multifamily and how as investors we can avoid them. Gino shares the common mistakes new investors make when coming into the space, as well as building your criteria to find great multifamily deals.

[00:01 - 07:19] Opening Segment

Gino shares about his background and how he got into real estate

Teaching students to buy right, manage right, and finance right

Helping investors not go down the same rabbit hole

 

[07:20 - 13:34] How to Differentiate Success in Real Estate

Property management and asset management need to work together

The importance of tracking income, expenses, movements, evictions, and vacancies

Creating multi-family entrepreneurs that can scale up and package investments for sale

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      [13:35 - 25:01 ] Understanding Buy Criteria, Market Cycles, and Exit Strategies

Systems and processes are key to running properties efficiently

When buying an older asset, make sure it is at the right price point and has enough CapEx set aside

Consider value of the property when you buy and sell it

 

[25:02 - 31:00] Closing Segment

Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 

What is your favourite book?The 7 Habits of Highly Effective People by Stephen Covey

Gino Barbaro’s indispensable tool  Google Suite 

What are you looking forward to in 2023?Florida and Europe

 

Connect with Gino Barbaro:

Website: https://jakeandgino.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“You don't have to manage it [property] yourself, but you have to understand how to manage the manager.” - Gino Barbaro

Happy New Year! Let's talk about exciting advances in technology and how they're going to impact multifamily real estate.

Google video mentioned: https://www.youtube.com/watch?v=D5VN56jQMWM

Related blog post: https://www.passivewealthstrategy.com/ai-impact-multifamily-real-estate-syndication/

We have many exciting advances on the horizon.

Learn more about investing with us at www.investwithtaylor.com

In this episode, Kevin Amolsch shares his perspective on the overall status of the market as we enter into a recession and inflation rates are slowly rising. He also talks about the current status of real estate and about what the hard money loans can do for investors.

 

 

[00:01 - 06:51] Changes Going into a Recession 

Kevin shares about his background

Defining the difference between the 2008 recession to the current recession

Seeing very low approval rating within the credit availability index

 

[06:52 - 13:18] Comparing Recessions and How Investors can Protect themselves 

Seeing the current recession is limited to inflation and rising interest rates

Investors should diversify onto Main Street and consider real estate as an inflation hedge 

Hard money lenders should be more conservative with loan values and liquidity reserves

 

[13:19 - 23:28] Finding the Right Hard Money Lender

Hard money lending is very local, so it's best to find a local lender

Lenders are look at investors experience, liquidity reserve, document income, and credit report

Borrowers don't need a down payment; loan to value is based on AVR or stabilized value

 

 

[23:29 - 29:04] Closing Segment

Quick break for our sponsors

The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

What is your favourite book?

The E-Myth by Michael E. Gerber

Kevin Amolsch’s indispensable tool  

Customer Relations Management  

What are you looking forward to in 2023?

Germany for Oktoberfest

 

 

Connect with Kevin Amolsch:

Website: https://thepinereport.com/

Email: [email protected]

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“ Don't stop buying. If you put your money under the mattress, like so many people are doing right now, you're losing your money.It's eroding to inflation.” - Kevin Amolsch

In this episode, Jake Harris talks about investing in distressed real estate. He digs into principles he uses to identify distressed real estate opportunities, and mistakes that new distressed real estate investors make. Jake shares his experience as an investor and how we can learn from his experience to be a better and informed investor.

 

 

[00:01 - 07:52] Distressed Real Estate Opportunities

Jake shares about his background and how he got into real estate

When investing in distressed real estate, there are many pitfalls to consider 

New investors in distressed real estate should prepare for things before they happen 

 

[07:53 - 23:37] Catching Knives and Learning from Mistakes

Do your homework and research to understand the value of an asset

It's a team sport; assemble your "dream team" of people with different skillsets 

Understand fundamentals of the market and consumer confidence

 

[23:38 - 32:23] Avoiding Mistakes and Utilizing Due Diligence                                                                                                

Cash flowing assets are a good way to mitigate any market correction or dip in the future

Low interest rate debt can be an asset

When investing in distress real estate always do due diligence

 

[32:23 - 39:35] Closing Segment

Quick break for our sponsors

The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

What is the best investment you've ever made other than your education?

People who help him in his business

Jake Harris’s worst investments 

Limiting beliefs 

What is the most important lesson you’ve learned in business and investing?

embracing your unlimited nature

 

 

Connect with Jake Harris:

Website: https://www.catchknives.com/

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“Embrace your unlimited nature and you can do impossible things.” - Jake Harris

Taylor shares 3 personal development lessons he recently learned by completing the 75 Hard Challenge. 75 Hard is a difficult discipline cultivating challenge created by Andy Frisella. Real Estate Investors can learn a lot from doing 75 Hard and today Taylor shares his 3 biggest takeaways from his recent completion of the challenge.

In this episode, Michael Carr shares lessons from the Great Recession. He talks about repositioning, reselling, and auctioning off properties being repossessed, as well as key lessons to building and preserving wealth during rocky times.

[00:01 - 07:37] Opening Segment

Michael shares about his background and what he does in real estate

Michael got his start in real estate investing in 1994 when he couldn't get a bank to lend him money 

Getting a $10,000 unsecured line of credit and bought his first house for $73,000 

[07:38 - 15:21] Lessons From the Great Recession

Many people were smart in the way they were buying houses by purchasing them lower than their value

Have reserves to prepare for short-term turmoil

Don't go over 50% loan to value ratio

Get a line of credit to cover unseen expenses

 

[15:22 - 21:27] Identifying Long-Term Value Opportunities in Declining Markets                                                                                                     

Look for markets with long-term potential and growth opportunities

Consider buying properties that have a personal connection 

Selling off rental residential property for developable properties 

 

[23:53- 29:50] Closing Segment

Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 

What is the best investment you've ever made other than your education?Buying multiple mobile home units in 2013

Michael Carr’s worst investments A town home he bought 30 years ago

What is the most important lesson you’ve learned in business and investing?Buy with a purpose 

Connect with Michael Carr:

Website: https://michaelcarrrealty.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“Don't over analyze, but be sure you've got your bases covered.” - Michael Carr

In this episode, Jimmy Murray talks about owner-occupied multifamily investing. He shares common mistakes people could make and how to fix it, as well as how to manage tenants. collect cash flow, how to underwrite the properties, and what to look for.

[00:01 - 08:15] Experience as a Owner Occupying a Multifamily

Jimmy shares about his background and how he got into self-storage investing 

Finding that this is the singular best way to build wealth

Learning the ins and outs of the space 

Creating strategies that help benefit you and the tenants

 

[08:16 - 11:21] Handling Disputes With Tenants 

The importance of setting rules from the beginning of managing the property

Learning through failures on how to handle disputes

When facing difficult challenges, remember why you started

 

[11:22 - 21:27] How to Avoid Common Mistakes and How to Fix It                                                                                                         

Figuring out how to do turnovers because it’s not an actual turnover

Always do your homework upfront

Do things right the first time and don’t find the cheap way out

 

[21:28 - 27:50] Closing Segment

Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 

What is the best investment you've ever made other than your education?The current tax lien he is working on

Jimmy Murray’s worst investments The first flip that he did

What is the most important lesson you’ve learned in business and investing?Finding the right partner and setting up partner agreements 

Connect with Jimmy Murray:

Social media: Facebook, Instagram 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“ If you can provide that quality product upfront and take care of your tenants the right way, I think that it's gonna provide a much longer runway of sustainable success as a real estate investor.” - Jimmy Murray

Mark Willis, CFP® is a man on a mission to help you think differently about your money, your economy and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients.

 

[00:01 - 05:25] Understanding Life Insurance 

Using capital as collateral

Cash in a life insurance policy is liquid accessible 

We could borrow against the cash value and get money from the life insurance company

[05:26 - 16:23] Common Misconceptions about Life Insurance 

Your policy should align with your interest

There is going to be expense when your buying life insurance policy 

Life insurance has a slow and boring growth 

It falls on the person who sets the policy and also takes care of it for you

[16:24 - 19:45] Finding the Right Policy

Make sure you understand what you want your money to do

Using the policies for payments on many other things 

Look into the considerations and time before jumping in 

[19:46 - 23:26] Closing Segment

Quick break for our sponsors

The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

What is your favourite book?

The Lord of the Rings by J. R. R. Tolkien

Mark Willis’s indispensable tool  

Text Expander 

What are you looking forward to in 2023?

Going to Italy 

 

Connect with Mark Willis:

Email: https://kickstartwithmark.com/

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“You just have to remember that you are buying a life insurance contract for the long run” - Mark Willis