Today I had the pleasure of speaking with the Director of Multifamily Education & Executive Partner at Active Duty Passive Income, Tim Kelly. Tim is an active duty Chief Petty Officer in the United States Navy and has been serving his country for 14 years. He is also a Real Estate Investor & Educator, Best-Selling Author, and a great Speaker.

Let’s jump right into Tim’s story on how he pursued his dream of owning and operating multi-family real estate and helping others realize their financial freedom goals!

[00:01 - 04:59] Opening Segment

• Let’s bring in Tim Kelly to the show
• Tim talks about his background
• • He shares the story about his background in military
  • How military training helps him persevere in business
  • How he learned and began real estate

[05:00 - 13:14] Active Duty, Passive Income and Multi Family Real estate

• Tim shares a brief introduction about ADPI projects
• • Educate other military members and family on how to achieve financial freedom in real estate
  • Military house hacking
  • Podcast and books about mindset and financial courses
• Tim talks about the motivation behind all of his projects
• • Being active in the community with his wife
  • Giving back to the military
  • His passion for Music
• Tim talks about the reason why he chose multifamily real-estate
• • True passivity with a lot of advantages

[13:15 - 18:59] Why Mobile Home communities?

• Tim shares the story how he got involved with mobile home parks
• The benefits and advantages of mobile home parks
• • Major solution to the affordable housing crisis
  • Housing with highest return
• Tim talks about the stigma on mobile home parks
• Tim shares how to find mobile home park deals
• • Understand the market
  • Know the median home price

[19:00 - 26:38] Types and models of Mobile Home communities

• Tim explains terminologies and types of mobile home communities
• • 1-5 stars classifications
• Tim talks about the difference between tenant owned homes and park owned homes
• Tim talks about the utilities and various models of mobile home communities

Tweetable Quotes:

“Military training that is embedded in the military personnel are literally tools to prevent success in business especially in investing.” - Tim Kelly

“If you know the Cashflow Quadrant, when you're in a limited partnership, you're on the right side of the quadrant; you're not exchanging your time for dollars, it's true passive income.” - Tim Kelly

“Mobile home parks are the major solution for so many people who need affordable housing. If you could provide clean, functional, safe, and affordable housing, mobile home parks are going to be a sound investment.” - Tim Kelly

Resources Mentioned:

• Robert Kiyosaki
• Grant Cardone
• Jocko Podcast – Leadership and Discipline
• Blueprints of financial success
• Military house hacking

You can connec

Today I had the pleasure of speaking with Jeffrey Holst, a recovering attorney who spends his time as a real estate investor and is also co-host of the Old Fashioned Real Estate Show. He succeeded in his career as an attorney, but then he hit rock bottom in life-altering circumstances when he got diagnosed with leukemia and faced bankruptcy simultaneously. He found his way back up by investing in real estate.

Let’s jump right into Jeffrey’s story of how living your best life is the best way to go, especially if you are faced with different circumstances and adversities in life. The key is to keep going and keep focusing on the positives.

[00:01 - 05:30] Living the best version of our life by helping and inspiring others

• Jeff talks about the Last Life Ever Facebook page and Podcast
• • He talks about having his brother as one of the guest speakers to share his experience
  • He shares the stories about the other guest speakers
• Jeff shares about his charity projects

[05:30 - 12:54] The Outlook on Real estate mindset

• Jeffrey talks about the importance of setting your mindset right
• • He shares about his experience with climbing Mount Kilimanjaro
  • He shares about his brother’s struggle
  • He talks about the mental challenges he had to face
• Jeff talks about his life motivation and opportunities

[12:55 - 16:14] True meaning of being successful

• Jeff talks about living the life of your dreams
• • He shares about helping others figuring out their dream life
• Jeff talks about how to react to everything that happens in life in a positive way
• Jeff shares his final words

Tweetable Quotes:

“At the end of the day, if your mindset is right you can get through all the stuff and if you keep moving forward, you will eventually get there” - Jeffrey Holst

“I think most people are successful because they are taking the opportunities that are presented to them and they're on the lookout for opportunities” - Jeffrey Holst

“The moment that you accept the full responsibility for everything in your life, is the moment you decided that you can change anything in your life” - Jeffrey Holst

“Embrace the life that you live and recognize that you can control everything in your life” - Jeffrey Holst

Resources Mentioned:

• Last life ever
• Jillian Sidoti
• Coronavirus Collective

You can connect with Jeffrey Holst on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at https://www.jeffreyholst.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments,

Today I had the pleasure of speaking with Jeffrey Holst, a recovering attorney who spends his time as a real estate investor and is also co-host of the Old Fashioned Real Estate Show. He succeeded in his career as an attorney, but then he hit rock bottom in life-altering circumstances when he got diagnosed with leukemia and faced bankruptcy simultaneously. He found his way back up by investing in real estate.

Let’s jump right into Jeffrey’s story of how living your best life is the best way to go, especially if you are faced with different circumstances and adversities in life. The key is to keep going and keep focusing on the positives.

[00:01 - 08:54] When to buy and sell during the market cycle

• Jeff talks about the flow of occupancy
• • Buy whenever you want to buy and sell when it’s high enough for you
• Long-term financing
• • Make sure you are comfortable keeping it for a long time
• There’s no such thing as national market cycle
• • Every area and type of real estate is different
• Jeff talks about the temporary shift in real estate trends during Covid-19

[08:55 - 16:49] Market Capitalization rate

• Jeff shares about the market capitalization rate
• • Commercial property
  • Operating income
  • The lower the cap rate the higher the purchase price
• How to raise the value of your building
• • Increase the net operating income
  • Decrease the cap rate
• Jeff talks about the workforce housing
• Jeff shares the story about his first deal on multifamily
• Jeff talks about his strategy to get infinite return
• Jeff talks about his Old Fashioned Real Estate Show

[16:50 - 21:32] Passivity scale

• How much work do you really want to do in real estate
• • The more risk you take the higher return you going to get
  • Risk is mitigated in being more active
• Jeff talks about self managing
• • Property manager consideration
• The common misconception about property manager
• Jeff talks about how to reach out to him and offers my listeners a free 15 minute call

Tweetable Quotes:

“Being more active will also help you get a higher return. So if you are self managing you’re going to make more on a deal.” - Jeffrey Holst

“The more risk you take the higher return you are going to get.” - Jeffrey Holst

“Invest with the people you trust” - Jeffrey Holst

Resources Mentioned:

• Capitalization rate
• Old fashion real-estate

You can connect with Jeffrey Holst on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at https://www.jeffreyholst.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306

Today I had the pleasure of speaking with Jeffrey Holst, a recovering attorney who spends his time as a real estate investor and is also co-host of the Old Fashioned Real Estate Show. He succeeded in his career as an attorney, but then he hit rock bottom in life-altering circumstances when he got diagnosed with leukemia and faced bankruptcy simultaneously. He found his way back up by investing in real estate.

Let’s jump right into Jeffrey’s story of how living your best life is the best way to go, especially if you are faced with different circumstances and adversities in life. The key is to keep going and keep focusing on the positives.

[00:01 - 06:59] Live your life NOW

• Jeff shares about his medical condition when he got diagnosed
• • Survival Mindset
  • Gratefulness
• Jeff talks about how to be content and live your life now
• • Bad days are just not worth it
  • Pick the things that are important to you and do that now
• Jeff shares the story about his adventure and traveling experience

[07:00 - 12:38] Covid19’s effects on the economy of the world

• Jeff talks about the Covid-19 effects on his friends around the world
• • People in developing countries are in much worse situations
• Economic implications and issues
• Jeff talks about the government controls over the information in some countries

[12:39 - 22:58] Real estate market cycle

• Jeff talks about the length of the real estate market cycle
• • Passive Investing and passivity scale
  • the chart he got from Fred Foldvary
• How global pandemic affects the cycle
• How to tell where you are at the real estate market cycle
• • Market cycle quadrants
  • The long Term average occupancy rate
  • The directions of occupancy line
• Hyper-supply phase

Tweetable Quotes:

“ Be content and live your life now.” - Jeffrey Holst

“ Pick the things that are important to you and do that now, while you still can .” - Jeffrey Holst

Resources Mentioned:

• The Depression Of 2008 by Fred Foldvary
• Old fashion real-estate

You can connect with Jeffrey Holst on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at https://www.jeffreyholst.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me!

Today I had the pleasure of speaking with Jeffrey Holst, a recovering attorney who spends his time as a real estate investor and is also co-host of the Old Fashioned Real Estate Show. He succeeded in his career as an attorney, but then he hit rock bottom in life-altering circumstances when he got diagnosed with leukemia and faced bankruptcy simultaneously. He found his way back up by investing in real estate.

Let’s jump right into Jeffrey’s story of how living your best life is the best way to go, especially if you are faced with different circumstances and adversities in life. The key is to keep going and keep focusing on the positives.

[00:01 - 04:59] Opening Segment

• Let’s bring in Jeffrey Holst to the show
• Jeff shares about the Old Fashion Real Estate Show
• Jeff tells us about his background and life before real estate
• • He started out with a masters degree in business and also a Law degree
  • He is traveling around the world
  • Became a lawyer that specializes in bankruptcy

[05:00 - 15:00] Never Have Bad Days

• Jeff talks about his life motto
• The quest to find purpose in life
• • His goal was to see Michael Angelo’s sculpture of Moses
  • Got underwhelmed after seeing the sculpture because it wasn’t what he expected
• Jeff talks about making a bucket list to travel to various places before he dies
• • Finishing the bucket list at the age of 30
• He started a law firm and succeeded in doing it

[15:01 - 22:10] Living Your Best Life

• Jeff talks about crossing the last goal on his bucket list
• Jeff talks about the rise and fall of his law firm
• • He ended up filing for bankruptcy
• Got diagnosed with Leukemia
• • Built-up a little resilience and focused on the positive
• Jeff shares something interesting about himself
• • He’s had a longtime interest in real estate since he was 15 years old
  • He decided to jump in and invest into real estate full time
• Finding the power of real estate
• Jeff talks about his passion for helping people get involved in real estate and make positive changes in life

Tweetable Quotes:

“You have got to recognize that good and bad stuff happens to everyone and you don't have to let it ruin your life. So you just have to focus on the positive and minimize the negative things.” - Jeffrey Holst

“Be persistent and keep telling yourself that today is going to be a good day.” - Jeffrey Holst

Resources Mentioned:

• Michael Angelo Sculpture of Moses
• Old fashion real-estate

You can connect with Jeffrey Holst on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at https://www.jeffreyholst.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website

Today’s episode is part four of a four-part conversation with Kristin Gerst. Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high-interest rate mortgages from small business owners and companies and sells them to large institutional buyers.

For today’s episode, we focus on the things you’ll need when starting to invest in real estate. Also, Kristin digs deeper into what notes buying is and why it is an excellent investment opportunity.

If you haven’t listened to part one yet, please check out our previous episode for some context going into these conversations.

[00:01 – 05:39]The Aftermath of Covid-19 Pandemic on Social Economy

• Domestic Spendings
• CSA
• Movement in local purchasing
• The importance of savings and emergency plans in this situation
• Kristin talks about the Social Effect of this pandemic
• • Social divisions and gaps will be bigger
  • Aristocracy history (Marrie Antoinette)

[05:39 – 12:41] Finance freedom through Notes trading

• Kristin talks about the beginning of her journey as rental property manager and why she got out of it
• Kristin shares her bad experience in client handling
• Kristin talks about the freedom she got from doing notes

• Note Servicing

• Amy Sayre

• I talk about the money deduction she made
• Kristin offers to share her list of Note servicers

Tweetable Quotes:

“ When you don't like your clients anymore, it’s time to do something about it.” – Kristin Gerst

“What I learned, is I actually make more money ( Profit wise) on selling notes than I did on rent without doing anything, so notes are more profitable.” – Kristin Gerst

Resources Mentioned:

• Marrie Antoinette
• Amy Sayre
• Note Servicing

You can connect with Kristin on LinkedIn and Facebook. Learn more about mortgages by visiting their website at https://capricornmortgageinvestments.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me!

Today’s episode is part three of a four-part conversation with Kristin Gerst. Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high-interest rate mortgages from small business owners and companies and sells them to large institutional buyers.

For today’s episode, we focus on the things you’ll need when starting to invest in real estate. Also, Kristin digs deeper into what notes buying is, why it is an excellent investment opportunity and her point of view regarding the pandemic.

If you haven’t listened to part one or part two yet, please check out our previous episode for some context going into these conversations.

[00:01 – 05:29] Passive income from financial investment

• Cost segregation lets us to deduct so much
• Taxes have to be paid, but we get to make money from it
• Kristen tells us about her Airbnb experience
• People can find seed money, even when it’s only a little bit but it’s still helpful
• Long term wealth
• Kristen shares her role in family and work

[05:30 – 11:59] Pivoting; other things we can do to make money

• Kristin talks about her Elite private Note mentoring group,
• Kristin is in the middle of writing a book
• I talk about giving the professional upfront
• Kristen talks about her no foreclosure rule
  • Cash for keys
  • 20-day notice
  • Acceleration of notes

• Kristen shares her experience with non-performing notes
• Notes terms

[12:00 – 17:45 ] Tips for notes terms

• Notes are based on the state law
• No specific attorney needed
• Make sure and re-read the documents before you sign them to avoid any typos and errors
• Don't do it on doubt
• Hire professionals
• Kristen shares one of her cases
• Kristen tells about the opportunity to be made on non-performing notes

[17:46 – 23:48] Knowing where and when to buy-in

• Kristin answers a question about her notes range areas
• Kristin shares her personal point of view of celebrations
• Kristin tells her specific neighborhoods to buy in to
• Owner financing future opportunity
• Kristin shares her point of view and hindsight about the pandemic

Tweetable Quotes:

“There’s way more money to be made in a down economy than there is when it’s up .” – Kristin Gerst

“If you know where to look, do some research on owner financing, especially in the real estate market, it’s going to work out .” – Kristin Gerst

Resources Mentioned:

• Seed money
• Foreclosure
• Owner Financing
• Pivoting

You can connect with Kristin on LinkedIn and Facebook. Learn more about mortgages by visiting their website at https://capricornmortgageinvestments.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Chan

Today’s episode is part two of a four-part conversation with Kristin Gerst. Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high-interest rate mortgages from small business owners and companies and sells them to large institutional buyers.

For today’s episode, we focus on the things you’ll need when starting to invest in real estate. Also, Kristin digs deeper into what notes buying and why it is an excellent investment opportunity.

If you haven’t listened to part one yet, please check out our previous episode for some context going into these conversations.

[00:01 – 06:29] Hire a Professional

• Always hire a professional. They’ll keep you out of trouble
• Kristin gives a list of professionals you’ll need when buying or selling a property and explains why you need them.
• • Residential Mortgage Loan Originator (RMLO)
  • Attorney
  • Title Company
  • Note Servicer

[06:30 – 16:53] Sources of Underlying Financing

• Kristin talks about the two things you need when starting in real estate investing.
• • You need either money or experience. If you have neither, you need to get a partner.
  • There’s a lot of people out there with the money but doesn’t have the time.

• It’s tough for real estate investors during this COVID-19 pandemic.
• Individual Retirement Account (IRA) Investors
• Private Money Lenders
• Friends and Family
• Get a Home Equity Line of Credit (HELOC) Loan

[16:54 – 28:48] What Note Buyers Look For

• High-Interest Rate
• • 9 to 10%

• Understand the Loan to Value Ratio
• • Loan amount can’t exceed 75% of the property value

• Down Payment
• • Minimum of 10%

• Good Property Condition
• Seasoning
• What are the prices for notes?
• Kristin gives a transaction example for the list mentioned above
• How does the second lien part work?

[28:49 – 38:51] Building Your Financial Investments

• Kristin gives a scenario where your goal is eight transactions a year
• • Explains the math and how much you will earn

• Finding the difference maker to make it through the year
• Kristin talks about the beauty of investing in notes
• • Owning a piece of property is a liability

Tweetable Quotes:

“Times are tough. I get it. Times are tough, and everybody wants to own a home. But, you know, not everybody gets to own a home, and maybe they need to wait a year. And you know, don’t be so desperate. Make sure that you wait for the right borrower and the right buyer.” – Kristin Gerst

“Owning a piece of property is called a liability. It is, you own a piece of property; you are liable for everything that goes on at that location. I don’t want to do that. No way. I want to own a piece of paper. Piece of paper means I get to make money.” – Kristin Gerst

Resources Mentioned:

• Residential Mortgage Loan Originator (RMLO)
• Title Company
• Note Servicing
• Due-on-Sale Clause

Today’s episode is part one of a four-part conversation with Kristin Gerst. Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high-interest rate mortgages from small business owners and companies and sells them to large institutional buyers.

Let’s jump right in and learn from Kristin’s story about how to do owner financing and how you can be a better business owner.

[00:01 – 07:06] Opening Segment

• Kristin shares her struggles with not being happy with her life
• • Went from millionaire on paper to penniless

• Kristin talked about when she started owner financing
• • A couple of years later, started teaching people through her experience

• Kristin explains what wraparound mortgage is
• • Why we do wraparound mortgage
  • Earn money with the money you’ve borrowed

[07:07 – 19:05] Owner Financing

• What is owner financing?
• • Kristin talks about the COVID-19 situation

• Kristin talks about the PPP loans
• Dropping of prices will be the only way to clear the market
• • This will lead to owner financing

• Kristin talks about her wraparound mortgage transactions
• Don’t use land trusts
• The effect of the COVID-19 on the market is an investor’s dream come true

[19:06 – 25:15] Closing Segment

• When doing deals, don’t set somebody up for failure.
• • Model yourself after the banks

• Kristin gives advice for when doing a deal
  • Kristin believes potential clients won’t assume you’re a savvy professional and may find you more approachable.
• • The key is to have awful handwriting
  • Flat fee listing
  • One to four family residential contract

Tweetable Quotes:

“The reason why you don’t use a land trust is because it really screws over the homeowner.” – Kristin Gerst

“I wanna make sure that I’m not setting somebody up for failure.” – Kristin Gerst

Resources Mentioned:

• Paycheck Protection Program (PPP loan)
• Due-on-Sale Clause
• Land Trust
• Flat fee listing
• One to Four Family Residential Contract

You can connect with Kristin on LinkedIn and Facebook. Learn more about mortgages by visiting their website at https://capricornmortgageinvestments.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/joint

Welcome everyone, I’m your host, Angel Williams. Today's episode is a continuation of last week's conversations with Pili Yarusi and Sandhya Seshadri. If you haven't yet had the chance to catch up with this interview, please do check out our previous episodes (parts one and two) for some context.

Join us today as we dig deeper about personal growth, and talk about more tips that you can apply to organize your time better and maximize your productivity.

Things you will learn in this episode:

[00:01 – 09:36] Opening Segment

• I talk about my priorities as an economist

• • I'm nervous about making people think that I don't know what I'm talking about
  • Have friends that can check up on you, advocate for you, and support you
• Pili and Sandhya give me homework that you can also apply to your life
• We talk about the COVID-19 situation and facing it with a positive outlook
• • Changing your mindset
  • Stay calm

[09:37 – 13:21] Structuring Your Day

• Learn from other people's schedule

• • Create a to-do list and commit to it
• Sandhya talks about disciplining herself with using social media

[13:22 – 17:03] Closing Segment

• If you are having a hard time moving forward with your goals, here's Angel's advice to empower you.
• Angel recommends a book to start your day with

• • The Miracle Morning by Hal Elrod
• We talk about some good reads that promote personal growth
• • Check them out! See below for links
• Final words from me

Tweetable Quotes:

"If you aren't making your goals and you start watering down your goals, you're only ever gonna meet that water down goal. If you leave those goals 10x, you're more likely to get close to it, and even if you don't get close to it, you still got higher than you would have than the water down goal." – Angel Williams

Resources Mentioned:

• Can’t Hurt Me by David Goggins
• The Miracle Morning by Hal Elrod
• The Time Cleanse by Steven Griffith
• 168 Hours by Laura Vanderkam

You can connect with Pili on LinkedIn, Instagram, Twitter, and Facebook. Check out her podcast, The Jason and Pili Project. Visit their website https://www.yarusiholdings.com/website.

You can connect with Sandhya on LinkedIn, or visit their website https://multifamily4you.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investm