Join our upcoming webinar: www.passivewealthstrategy.com/webinar/

Derek has been a successful Investor since 2002. He’s been through the ups and downs of the markets and has the scars to prove it. He has been involved in hundreds of transactions in his career. He’s done wholesaling, flipping, landlording, lending, and countless of other investment strategies throughout the years.

 

Derek loves negotiating with sellers. He loves to put together creative solutions for sellers that few other investors can put together.  Derek loves giving back to the real estate community. Derek is also a coach and mentor who has a passion for helping others be successful too.

 

[00:01 – 05:19] Opening Segment

Derek started as a house flipper and landlord in 2003

The Move to Private Capital

 

[05:20 – 15:13] Lessons From The Great Recession and Being a Private Lender

Blessings in Disguise and Tough Lessons from the Great Recession

Risking Your Primary Residence and Banks

Real estate long-term financing sets it apart from Wall Street

Derek talks about his book on the private lending process

 

[15:14 – 25:21] Raising Investor Capital

Derek’s Private Money Lending Rates

Creative Deal Structuring: Stacked strategies

Derek’s Client Investor Avatar

 

[25:22 – 32:32] 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?

Joining several masterminds

Derek’s worst investment

A house that cost him a lot of cleanups

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

“People are way too quick to blame somebody else.”

“Don’t become enslaved to a bank.”

 

Connect with Derek through https://bestreifunding.com and [email protected].

Join their advanced strategies and networking conference at Cancun on February 2023 by going to Generations of Wealth.

 

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:

“Never lend money on something you would not want to own.” – Derek Dombeck

“Best investment, hands down, is a decent mastermind peer group of people that are going to help you get to that next level.” – Derek Dombeck

Victor Leite is an entrepreneur and investor who owns multiple rental properties. His portfolio of rentals includes a mix of single-family homes and multifamily properties. His current focus is on expanding his acquisition of multifamily apartment units and scaling his business into a larger operation. Along with his position in real estate and teaching others, Victor is currently a practicing clinician and has spent the last 10 years practicing medicine in the Mid-Atlantic Region. He enjoys the balance and challenges that both of his passions provide him.

 

Leigh Leite is an entrepreneur and investor who owns multiple rental properties. Her portfolio of rentals includes a mix of single-family homes and multifamily properties. Leigh is also a practicing clinician in the Mid-Atlantic Region. On top of being the mother of two wonderful children, Leigh is the compass on this ship.

 

[00:01 – 11:32] Opening Segment

Leigh and Victor have a goal of generating passive income to just live a better lifestyle

Victor talks about building their flipping business and single-family portfolio

A flipping business is really an active job so you need to have strategies and systems

 

[11:33 – 22:49] Escaping the W-2 Grind thru Flips, BRRRRs, and Multifamily

Two BRRRR Deals in 2017

Why Leigh and Victor transitioned into multifamily

Why Virginia Beach in Richmond, Virginia is Worth Investing In

Finding Deals Off Market

 

[22:50 – 30:05] Freedom through Achieved Goals and Different Angles

Looking at the Seller Financing Angle

Leigh and Victor have surpassed their 2016 goals

They Found their Freedom!

Giving other people the freedom they have achieved

 

[30:06 – 37:23] 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?

Their first BRRRR deal

Leigh & Victor’s worst investment

An awesome building in a historic district

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

“The importance of building your teams and leveraging your time early on.”

 

Connect with Leigh & Victor Leite via https://258cap.com, Facebook, LinkedIn, and 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:

“Learning to leverage your capital is really key.” – Leigh Leite

“There's always opportunities to be made in any market if you know it well enough.” – Victor Leite

Mike Simmons, a real estate investor, and author of the book Level Jumping, has shared the stage with some of the greats like Gary V. Has made over $1 million in profits in 12 months! He knew he wanted to invest in 2003, and bought his first flip in 2008....why did it take so long? Like a lot of people starting out Mike was afraid to tell his spouse because of the difficult conversation. It wasn't until he finally decided he was tired of allowing fear to be his excuse that he dove in.

 

[00:01 – 08:36] Opening Segment

Mike Simmons was born in a solid blue-collar kind of an environment

He shares how he found his way into real estate

Mike interviewed Gino Wickman, author of Traction, on his podcast

 

[08:37 – 25:35] Why Flippers Fail to Scale and How to Fix It

How to Turn Flipping into a Business and Not Just a Second Job

Get a mentor and learn from people whose point you’d want to be in

Know your numbers and understand future cash flows

Hire people to increase your productivity

The Reality of Company Culture

 

[25:36 – 29:26] Rapid-Fire Tips for Flippers

Why You Shouldn’t Just Jump into Business

The cost of creating a company culture is zero

Mike summarizes how to keep scaling your flipping business

 

[29:27 – 35:11] 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?

His first deal

Mike’s worst investment

A property under contract where he lost six figures

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

Extreme Ownership

 

Connect with Mike Simmons on Just Start Real Estate podcast or https://www.mikesimmons.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:

“Sometimes you could be born an entrepreneur, but because the proverbial piano has never been put in front of you, as a prodigy, you didn't know you could play.” – Mike Simmons

“The vast majority who are house flippers are not doing a great job of creating a business. They create very, very, big scale jobs for themselves.” – Mike Simmons

“The minute you start hiring and bringing on people, company culture means a lot, a whole lot.” – Mike Simmons

Join us on September 13th at 8:00 PM Eastern for our free webinar

Link to signup: www.passivewealthstrategy.com/webinar/

 

7 Red Flags in Passive Real Estate Investing, a free 7 Day Course. Get access at www.passiverealestatecourse.com

Kris brings 14 years of real estate experience to PassiveInvesting.com, spanning self-storage and residential investment and brokerage. At his previous firm, his responsibilities include raising capital, sourcing deals, and leading due diligence. He has advised third-party groups on portfolio acquisitions totaling over fifty million dollars in value. He is a trusted voice in the self-storage space with his podcast The Storage Investor Show.

 

Kris has presented on the topic of technology in self-storage at the NC Self-Storage Association’s annual conference. He has also been a guest speaker in Executive MBA and Undergraduate classes at UNC’s Kenan-Flagler Business School.

 

Kris is a graduate of UNC-Chapel Hill and Kenan-Flagler Business School, where he served as a Fund Manager for the school’s private equity real estate fund.

 

[00:01 – 17:15] Opening Segment

Kris Bennett, self-storage investor and host of the PassiveInvesting.com podcast

Kris’ shift from multifamily to self-storage

Early lessons, shifts, hacks, and offset mistakes in self-storage

Opportunity in the market with mom and pops

 

[17:16 – 27:25] The State of Self Storage Investing

The Future of Self-Storage and Savvy Investors

Inflation versus Recession: Insightful Deal Flows for 2023

Your Lender is Your Silent Partner

 

[27:26 – 29:57] Where to Put Your Cash

More capital less leverage

Spending your cash depending on your investment horizon

Investment Horizon Considerations

 

[29:58 – 40:18] 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?

His house bought in the middle of COVID

Kris’ worst investment

A 2500 sq. ft. self-storage in Charlotte

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

“It's okay to change your mind.”

 

Connect with Kris Bennett on LinkedIn and Facebook.

 

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:

“Your investors and their expectations need to match your strategy, what you're trying to accomplish, and the types of deals that you're looking at.” - Kris Bennett

“There is opportunity but there's only so much of it.” - Kris Bennett

“Your lender is your silent partner.” - Kris Bennett

Karin has been a REALTOR® since 2005 and has helped hundreds of families buy and sell homes throughout the U.S. She is the owner and CEO of the GCH Team with Real Broker, serving cities throughout GA and SC. She believes in letting clients find her online through

the creative use of video - specifically on YouTube. If you do a YouTube search for Moving to Savannah, Living in Savannah, or Savannah GA Real Estate you'll see that her videos dominate the search results. Karin was named Real Estate Influencer of the Year in 2019 by Bombbomb and has been a frequent guest speaker at real estate conferences throughout the country talking about the importance of video marketing. Karin is the author of the Amazon best seller, YouTube for Real Estate Agents - Learn how to get FREE real estate leads and never cold call again.

 

[00:01 – 06:42] Opening Segment

Karin Carr, a real estate agent since 2005 shares her background

Why Karin started a YouTube channel

YouTube was an amazing vehicle for reaching her ideal customer avatar

 

[06:43 – 22:47] How to Use YouTube to Grow in Real Estate

Get comfortable and build momentum with YouTube

Learn from the University of YouTube on how to get paying customers for your business

Build teams for real estate and content

Choose a specific content

 

[22:48 – 31:24] Magic in YouTube Content Creation

The Value of Your Content

The Magic of Reinforcing Oneself

Streamlining YouTube Content Creation

 

[31:25 – 40:38] 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 second rental property

Karin’s worst investment

Her principal residence in Northern California

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

To delegate

 

Connect with Karin Carr on YouTube and www.karincarr.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 best training in the whole world is on YouTube. And it's totally for free.” – Karin Carr

“When you try to do everything yourself, you just can't scale, you cannot grow your business indefinitely.” – Karin Carr

Tony Ray is a friendly and enthusiastic REALTOR® who has been helping his friends, family, and clients buy and sell properties in Tucson since 1994. He loves every aspect of his job. Tony Ray says, “Real estate allows me to do everything I love, from marketing and advertising to negotiations and meeting new people. In real estate, I am constantly learning, challenging myself, and so much more.”

 

Tony Ray loves traveling in the US and abroad, camping, kayaking, animals (especially his two dogs), marketing and teaching marketing and advertising to local, small business owners.

 

 

[00:01 – 07:04] Opening Segment

Attain your dream lifestyle and become a multimillionaire through investing in real estate with Tony Ray Baker

Tony talks about how he changed his lifestyle and incorporated it with real estate

Creating multimillionaires through investment

 

[07:05 – 14:19] Creating the Multimillionaire Within You

You don’t need a lot more money than you need

Creative ways of not paying rent and paying the mortgage at the same time

Finding purpose and passion before retirement

 

[14:20 – 23:33] Strategies in Investing in Real Estate

Have strategies for both short-term and long-term

Diversify your portfolio

Keep your investments in real estate

Have many strategies for your acquired properties

 

[26:34 – 29:24] 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?

Real Estate specifically single-family residence homes

Tony Ray’s worst investments

Procrastinating too much in his 20s

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

Focusing on leveraging other people’s money

Focusing on getting other revenue streams

 

Connect with Tony Ray Baker through the number 520-631-8669 or www.seetucsonhomes.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 is no reason that young people cannot do what I did.”– Tony Ray Baker                                

“Most wealth in this world was created by real estate.”– Tony Ray Baker                                        

“The cool thing about real estate is we never lose our investment. It's always sitting there on that dirt.”  – Tony Ray Baker

Brian K. Grimes, Jr. Certified Financial Planner, is an Ivy League-educated real estate entrepreneur and coach. Upon graduation from Columbia University in 2011, he embarked on a career in Financial Planning. In 2015, Brian launched his own real estate development company and has since gone on to renovate 300+ rental properties using the Buy, Rehab, Refinance, Rinse, Repeat strategy.

 

[00:01 – 07:44] Opening Segment

Generating cashflows through gentrification and community development

Gentrification versus Flipping Properties

Brian talks about his solution to the country’s housing crisis

 

[07:45 – 17:25] Increasing Cashflows Through Gentrification

Investing in out-of-town properties through the help of new technology

Effect of the current economic status of the country

Brian shares his strategies for coping with the status of our economy

America becoming a renter’s nation

 

[15:28 – 26:33] Strategies in Gentrification and Co-living in Properties

Learn the rules and play within the rules

Co-living Regulations versus Airbnb Regulations

Benefits of Co-living

Go from zero to sixty by learning more at 24/7 Cash Flow University

 

[26:34 – 31:25] 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 property he ever acquired

Grimes’s worst investments

Buying unstable properties only for them to collapse while renovating

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

Be cautiously fearless

 

Connect with Brian Grimes on YouTube, Facebook, Instagram, and Linkedin.

 

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:

“We could become a renter’s nation. You want to be a landlord and kind of get into the game now while you still can before you miss out on it.”– Brian Grimes

“Co-living, especially in the affordable housing space, is a solution to the affordable housing crisis that we have in America.”  – Brian Grimes

“Don't wait to feel ready or not afraid, being afraid is part of being cautiously fearless.” – Brian Grimes

Jonathan Barr, co-founder of JB2investments, commits his time to encourage people to place more focus on long-term investments than on flipping houses in order to achieve greater and more sustainable business growth. With over 400 houses flipped and $22 million in profit, Barr was a successful flipper in their family company. However, he decided to change and focus on long-term investments. Jonathan, a co-founder of a successful investment firm, shares the challenges he faced and the lessons he discovered when making the switch from flipping houses to long-term investing. His biggest change, in addition to all the lessons he has learned along the way, is that he is now an advocate of men and mental health. By providing a special combination of honesty, humility, and sincerity.  He encourages people to choose long-term investments and take a long-term approach in order to obtain business growth, true wealth, and financial freedom.

 

[00:01 – 05:39] Opening Segment

Transitioning from flipping properties to long-term investing with Jonathan Barr

Jonathan talks about his experience in flipping properties

True wealth is built on long-term holds

 

[06:23 – 15:27] Transitioning to Long-Term after 400 Flips

Faster flips, Better ROI

Transitioning into maintaining relationships in the market

Jonathan talks about the benefits of long-term investing

Tax advantages of long-term investing

 

[15:28 – 25:02] Strategies in Starting Long-Term Investing

Jonathan talks about maintaining good relationships with his team

Finding and making deals through brokers

Jonathan talks about the effects of increasing interest rates

Have a long-term approach in your portfolio

 

[25:03 – 31:25] 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?

Primary home bought back in 2013

Jonathan’s worst investments

Investing in foreclosure auctions

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

Being an advocate for men and mental health

 

Connect with Jonathan Barr through JB2investments.com or on Twitter @JonathanbarJbtwoinvestments

 

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 faster you could do the flip, the better your ROI is.”– Jonathan Barr

 “Flips are good to get going. But the long-term holds are where the true wealth is built.” – Jonathan Barr

“Everyone should have some sort of long-term approach in their portfolio – Jonathan Barr

Tim Milazzo is the co-founder & CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform, recruited Nathan as a co-founder, and built the company. StackSource is now one of the fastest-growing commercial financing companies in the country. Prior to StackSource, Tim worked for tech giants Facebook and Google where he helped expand B2B marketplaces in ad tech. Years ago, he interned at a top NYC real estate company before the current real estate tech wave. He comes from a family with a history in real estate.

 

[00:01 – 05:39] Opening Segment

Catching up with real estate technology with StackSource

Tim talks about his background and how he saw the potential in real estate

Using automated financing programs to help you get the best deals

 

[06:16 – 16:21] Getting the Best Loan Deals to Start Your Own Journey

Getting instant quotes using automated programs

Commercial Financing versus Residential Financing

The value of establishing relationships in financial programs

Getting help from advisors

 

[16:22 – 25:00] Understanding the Current State of the Market

Maintaining Borrowers and Lenders

Connecting more people and properties through tech platforms

Comparing financial rates in the past, present, and future

 

[25:01 – 30:04] 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 the best investment you've ever made other than your education?

Starting his own business, StackSource

Tim’s worst investments

Quitting early in a startup company called Lightrail

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

Investing in the relationships of the people around you

 

Connect with Tim Milazzo through StackSource.com or at [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:

“You’re still not going to have relationships with 900 different lenders, but a fulltime dedicated company that has Capital Advisors can.”– Tim Milazzo                                                   

“Competition is the other key ingredient in this capital market. So, capital markets become more efficient, the more competition there is. – Tim Milazzo

“Continue to invest, no matter where you're investing and what you're doing, in the relationships of the people around you.” – Tim Millazo