In this episode, returning guest Zack Boothe talks about how he did the $40k in 40 Days challenge in real estate. He shares what strategy he used and how he was able to successfully do this in a new market. Zack also shares how he was able to close on those deals, how much he earned, as well as the challenges he faced while doing the challenge.

 

 

[00:01 - 09:28] Opening Segment

Zack shares about his background and his business 

How he started on the experiment and what it entailed 

Buying into the idea of wholesaling

Starting the 40 Day Challenge

 

[09:29 - 23:04] What Happened in the Challenge

Started by getting on Deal Machine and finding properties that are difficult

Finding someone fast that wanted speed, convenience and was overpriced

Closing on a deal with someone who wanted to sell his properties fast

Having a high ROI on the deal

 

[23:04 - ] Lessons from the Challenge

You can start by buying discounted properties

Finding properties off of foreclosure lists and public listings 

Choose to do the work, don’t depend on others 

Create financial goals 

 

[31:47 - 37:22] 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

 Mark Podolsky’s indispensable tool  

Deal Machine

What are you looking forward to in 2023?

Going to Italy

 

 

Connect with Zack Boothe:

Youtube, Facebook, Tiktok

 

Click here to watch Zach’s 40 Day Challenge

 

 

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:

“I can build wealth as I choose to do the work. It's not dependent on other people, it's dependent on me and my work ethic in my hands.” - Zack Boothe

In this episode, Dan Kennedy talks about strategies for investing in Santa Barbara, California, and how they are adding value to the properties there. He dives into how to add value to the properties, mitigating risks, and how to deal with local and state regulations. Dan talks in great detail how to not only effectively use these strategies but also how to navigate the market.

[00:01 - 06:11] Opening Segment

Dan shares about his background and how he started his investment shop

Focusing on buying stabilized and light value add industrial warehouse properties

Started by buying and flipping single family homes

 

[06:12 - 13:02] Effective Strategies to Find Deals 

Having representation close to your properties 

Becoming productive owners and taking care of tenants moving in 

Building trust with property managers to execute the business plans 

 

[13:03 - 18:18] Executing the Strategies

Utilizing a team that specializes in and permitting and processing 

Creating packages for architects to draw 

Timing the process as to when tenants should leave and getting permits 

Navigating the changing tides of the market

 

[18:18 - 26:52] Building Age and Renovating 

There is a risk in buying an existing building 

Finding wiggle room so there is a higher return on investment

Buying multiple multifamily units 

Preparing for the cost and time to acquire permits

 

[26:53 - 34:22] 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?Multiple investments in Huntsville, Alabama 

’s worst investments Investing in a hard money loan in Texas 

What is the most important lesson you’ve learned in business and investing?You don't get hurt by the deals you don't do

Connect with Dan Kennedy:

Website: https://www.drivencap.com/

Social Media: LinkedIn

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:

“Not every deal that you do is gonna work out the way that you envision it, but not every deal that's put in front of you is a good deal either. So just tread carefully. ” -  Dan Kennedy

In this episode, Glen Dunzweiler talks about his experiences and how that showed him that he didn't understand how business and entrepreneurship actually worked. He shares how he saw his students at the time were getting in debts and how that led him on a quest to help others, especially students and young people, learn about business and entrepreneurship. Glen dives into his objective, lessons he learned along the road, and how we can help younger generations learn about business and entrepreneurship so they can make informed decisions that will help them succeed.

[00:01 - 09:03] Opening Segment

Glen shares about his background 

Teaching entrepreneurship to students 

Having something that pays you when you can’t pay yourself

 

[09:04 - 19:16] Teaching People to Create Value

Focus on how you can help give joy to others and how they can pay for it

Having a marketing campaign focused on teaching high school students about entrepreneurship

Put it in a way where students can relate 

 

[19:17 - ] Providing Lessons and Getting Perception

Telling parents to read his book together with their children

Help your children convey their value 

Guide your children to learn about their values

 

[29:13 - 33:15] 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?Investment in himself and getting to know himself better 

’s worst investments Buying a house in 2016 without any knowledge of the game 

What is the most important lesson you’ve learned in business and investing? Defining value and being able to convey that 

Connect with Glen Dunzweiler:

Website: https://glendunzweiler.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:

“No matter what your passion is, figure out how you can give joy to others and how they would be willing to pay you for it.” -  Glen Dunzweiler

“Convey your value to people.” -  Glen Dunzweiler

In this episode, Mark Podolsky talks about how the pandemic, inflation, and rising interest rate are affecting the market. He also dives into what is the main risk driver in the land investing model. Mark shares his strategies and tips to be successful in this model and how we can invest in it as well.

 

 

[00:01 - 03:27] Opening Segment

Mark shares about his background and what he does in the land business

Helping people solve their money and time problems 

 

[03:28 - 08:26] How Does the Land Business Work

Doing due diligence or in-depth research

Confirm if you still own the property 

Confirm the taxes

Make sure there is no break in the chain of titles 

The secret to house flipping is making the property irresistible to the buyer

There are exempts when you are not dealing with the tenant

Know what is your close rate 

 

[08:26 - 11:03] Protecting Yourself on the Back End 

Documents needed when the payments are defaulted

Promissory note 

Purchase sale agreement

Land sale contract

If there is no payments after the initial payment you have the advantage to put the property up for sale again

 

[11:03 - ] The Impact of Economic Changes in Real Estate 

Seeing that it is more difficult to but than it is to sell the property

Rise of property sales during the pandemic 

Predicting high unemployment rate for people in the land business work

 

 

[24:15 - 29:06] 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 Man Who Bought the Waldorf; the Life of Conrad N. Hilton by Thomas Ewing Dabney

 Mark Podolsky’s indispensable tool  

LGPass.com

GeekPay.io 

What are you looking forward to in 2023?

African Safari, South Africa

 

 

Connect with Mark Podolsky:

Website:https://www.thelandgeek.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:

“My big purpose in life is to help people solve not just their money problems, but their money and time problems.” - Mark Podolsky

In this episode, Gary Lipsky talks about asset management of multifamily properties. He shares what asset management is and how asset managers work with property managers and construction managers as well as how runs his business and how he hires his people.

[00:01 - 04:41] Opening Segment

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

Started by buying properties and and fixing them and eventually got into multifamily

Sold his first business so he can further educate himself in real estate

 

[04:42 - 10:31] Diving into Asset Management

Distinguishing the difference between property and asset management

Deciding whether to focus on asset management or let things be run by property manager

Knowing the reasonable range for an asset management 

 

[10:32 - 14:52] Turning a Bad Deal into a Good Deal

Shrinking the timeline between implementation and business plan

Before taking over the property make sure that everything is in place 

Struggles of sourcing out materials during Covid

 

[14:53 - 20:46] Dealing with Property Managers 

Follow up with the property manager every week

Don’t rely too much on property managers

Learn to let go of people who are no longer performing 

 

[20:47 - 27:35] Hiring the Right People 

Hire someone who is ahead of the game 

Hire the right role at the right time 

Know what is your ultimate goal

 

[27:36 - 32:35] 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?A deal he just recently sold where he was able to get a return fairly quickly

Moneeka Sawyer’s worst investments A house he bought for his family that took longer to break even 

What is the most important lesson you’ve learned in business and investing?Your network is your net worth

Connect with Gary Lipsky:

Website: https://breakofdaycapital.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:

“Everyone's got a viewpoint on what is best for them. So,if you're willing to invest more and more help, then I'd say go for it, because you'll be happy. ” - Gary Lipsky

In this episode, Moneeka Sawyer talks about her strategy in investing in executive rentals and how that strategy helped her retire early. She shares how she was able to acquire her first rental, how she built her portfolio and how she was able to ride out the fluctuating market of real estate. 

[00:01 - 08:11] Opening Segment

Moneeka shares about her background and how she got into real estate

Having rich people money problems 

Transitioning from low paying job to real estate by saving what she could 

 

[08:12 -14:45] Investing in High End Rental Properties

High end in a specific neighborhood

It's considered high end when it's in a gated community

When in investing in real estate know how you are going to make money

Know there is always risk in investing

 

[14:46- 18:24] Knowing Your Strategies in Investing 

With syndication you have 7-10% payment upfront

Understanding how much control do you want to have on the property

Diversifying your portfolio by looking into markets you are interested in

 

[18:25 - 29:12] Looking into Diversification

Having emotional mastery and resilience 

Do your research before investing in the market 

Don’t overleverage 

Understanding blissful investing 

 

[29:13 - 33:15] 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?Her first primary residence 

Moneeka Sawyer’s worst investments Bitcoin at $63,000

What is the most important lesson you’ve learned in business and investing? Nothing happens until you take action

Connect with Moneeka Sawyer:

Website: https://blissfulinvestor.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 choose your time. How long do you wanna feel that bad? How long do you wanna feel that bad? And then in that moment when you're done. And I can't change that. All I got is what's happening next.” - Moneeka Sawyer

In this episode, Kim Lisa Taylor digs into syndication lessons and knowledge for the passive investors who are thinking of getting internal estate syndications. Kim shares what red flags we should look out for, as well as basics of real estate  and other things about syndication every investor should know.

[00:01 - 05:33] Opening Segment

Kim shares about her background and how her business helps people in syndication

Helping investors invest in other peoples deals 

Providing help to investors in the private placement offering space related to real estate

 

[05:34 - 08:20] What to Look Out for in Syndicating  

Investors can educate themselves thru the SEC website 

Understand what a syndicator is supposed to do 

Know what to look out for in documents related to syndication

 

[08:21- 16:08] What is Syndication in Real Estate 

Someone who gathers a group of people to buy commercial real estate

They help investors generate money in the deal 

There are fixed and equity investors 

A syndicator has a exit strategy for each deal

Distinguishing what's legal and whats marketable 

 

[16:09 - 30:57] How to Tell if Sponsors Intend to make a Return 

Charging fees that are the industry norm 

Fees could be an acquisition fee

Asset management fee is different from property management fee

Passive investors can boosts their returns 

There are additional risks factors 

 

[30:58 - 36:09] 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 one page marketing plan

Kim Lisa Taylor’s indispensable tool  Dropbox

Asana’s project management software  

What are you looking forward to in 2023? Spring European trip

Connect with Kim Lisa Taylor:

Website:https://syndicationattorneys.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:

“Learn how to analyze deals for yourself.” - Kim Lisa Taylor

In this episode, Dmitriy Chebotarev talks about industrial real estate investing. He shares about the red flags we should look out for when investing in this space as well as how to spot an opportunity to invest in industrial real estate. Dmitiry discusses the future of industrial real estate and what to look out for as interest rates continue to go up and we enter into recession.

 

[00:01 - 09:39] Opening Segment

Dmitriy shares about his background and how he got his start in real estate

Getting started in industrial real estate

Taking the risk to invest in this branch of real estate

[09:40 -18:38] Investing in Industrial Real Estate 

Creating a deal so it can have a satisfactory return for investors 

Taking advantage of the opportunity to retrade

Identifying the red and green flags for investing in industrial real estate

[18:39- 23:26] Redeveloping Industrial Properties into Multifamily

Seeing the traditional industrial space making a come back

More industrial properties are turning into commercial spaces

Importance of doing due diligence on a property 

[23:27 - 28:01] The Future of Industrial Real Estate Going into Recession

Industrial real estate is still doing well

Always go back to the fundamentals of real estate

Foreseeing a shortage of houses in the near future 

[28:02 - 36:27] 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?33 acres of land across off of Las Vegas and Lamb

Dmitriy Chebotarev’s worst investments Bought a building in 2017 in California later leashed to a cannabis operator 

What is the most important lesson you’ve learned in business and investing? It always boils down to the relationships

Connect with Dmitriy Chebotarev:

Website:https://vosht.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:

“Genuine relationships literally make the world go round.” -Dmitriy Chebotarev

 

“If you step back from that specific deal and get that excitement out of your mind and your heart, and just go back to the fundamentals of, is this really a good deal or am I trying to make it a good deal in my.You'll make the right decision.” -Dmitriy Chebotarev

In this episode, Darin Garman talks about strategies and tactics that helped him succeed in real estate and how he was able to utilize those strategies to maximize his performance and effectiveness in the market. Darin also shares the advantages of focusing on one market and how it helps build foundations with you and your tenants.

[00:01 - 12:31] Mindset Shifts to Grow in Real Estate 

The problem won’t go away when you buy more units 

It’s not just about doing what you love but how you treat yourself physically 

Shifting your perspective from focusing on the properties to be more relationship focused 

The energy you show up with will be returned to you

 

[12:32 - 22:26] Focusing on One Market

Most of us are not good in focusing in more the three markets 

The most effective start is starting in a market you are familiar with

Start by building foundations and creating skill sets 

 

[22:27 -25:49] Economic Concentration in Iowa 

Economic drivers in the state of IowaAgriculture 

Insurance 

Healthcare 

There is predictability in these sectors 

Know what sectors each state focuses on

 

[25:50 - 33:20] 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?Winning through Intimidation by Robert Ringer

What is an indispensable tool or asset in your business or life? His Contact Management software

What conference or trip are you excited to go to in 2023?Cabo San Lucas with the wife 

Connect with Darin Garman:

Website:https://daringarman.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:

“There's always someone looking to invest in something that you, on the surface, wouldn't ordinarily think would be the case. Is the case.” -Darin Garman

In this episode, Steve Davis shares about his experience from his career to his educational dissatisfaction in the military. He also shares how he got into real estate and how he was always hustling for the next deal and eventually transitioned to become a more passive investor. Stephen also talks about the common misconceptions related to passive investing and how to overcome them and be a successful passive investor

[00:01 - 07:31] Opening Segment

Steve shares about his background in the military and how he transitioned to real estate

Having a realization to take real estate seriously 

From real estate investor to teaching others how to besmart investors in real estate

 

[07:32 - 13:43] Wholesaling, Flipping and Taxes

Wholesaling and flipping are earned income 

Wholesaling and flipping takes up alot of your time but has little return on investment

Benefits of having hindsight on a deal 

[13:44 -19:17] Being Principally Centered 

Don’t be threatened by other syndicators 

Maintaining a well balanced life 

Having a abundance mentality 

Know what you want to get out of the deal 

 

[19:18 -24:21] Misconceptions in Passive Investing 

Cash flow you get quarterly is relatively low 

Not everyone can become a passive investor

You need to be sophisticated or accredited 

Importance of being educated in the real estate space 

 

[24:22 - 33:40] 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?First 10 unit apartment complex

Steve Davis’s worst investments The same first 10 unit apartment complex 

What is the most important lesson you’ve learned in business and investing? Happiness equaled teaching, not running the apartments.

Connect with Steve Davis:

Website:https://totalwealthacademy.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:

“But if you were to ask me what I think the biggest misconception is [about passive investing]. Anybody can passively invest. That's not true. You've got to either be sophisticated or accredited.” -Steve Davis