The Broke Millionaires

Copy trading lets a pro trader's moves hit your account automatically, so we put $10K on it. Kam Dasani lost $200K at gunpoint and rebuilt by swing trading options. Before we hand over a dollar, we ask the questions most people skip.

In this episode:
- How a $200K loss rewired Kam's approach to risk
- Why a 50% win rate can still be profitable
- How automated copy trading actually connects your account to his
- Swing trading vs. day trading, and why most day traders lose
- What a drawdown is and why your start date matters
- The 401(k) vs. options debate that triggers people
- Our plan to run this inside an SDIRA and a Coverdell ESA for our kids
- Using real estate depreciation to offset trading gains, and where it gets complicated
- His "with respect to what?" rule for making decisions

Resources & links:
- IG ➡︎ @ProfitWithKam
- Kam's free trial: FREE TRIAL
- Tradier (open-API brokerage)
- Self-directed IRA (SDIRA)
- Coverdell Education Savings Account (ESA)

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IG ➡︎ @thebrokemillionaires_
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Disclaimer:
The content of this episode is for informational and entertainment purposes only and does not constitute financial, investment, tax, legal, or professional advice. The views expressed by the host and guests are their own. Options trading involves substantial risk, including the loss of your entire investment, and past performance does not guarantee future results. The hosts are clients of the guest's program. Always do your own research and consult a licensed professional before making financial decisions. The Broke Millionaires Podcast and its hosts are not responsible for any actions taken based on this content.

U-Haul offered $6.3 million cash for a self-storage facility. Joe Downs offered $6.5 million with seller financing, and won. The seller's reason had nothing to do with price. Roughly 80% of storage facilities are still owned by mom-and-pop operators, and that's the market Joe says the big players can't touch.

In this episode:
- How Joe beat U-Haul's $6.3M all-cash offer, and the one thing the seller actually cared about
- The seller sentence that tells you a facility is badly under-managed
- Why storage value comes from management, not renovation
- The small-deal math: a $320K, 66-unit facility bought with $64K down, now worth about $750K
- Why the $400K to $2M range is where SBA loans and seller financing work best
- Pro storage: 400 to 1,000 sq ft units with 16-foot ceilings and a 0% delinquency rate versus the usual 2 to 4%
- How last-mile warehouses are pushing contractors out and into storage
- The boat and RV gap: about 600,000 new boats and RVs a year versus roughly 30,000 new spots
- Raising $93M in 1031 syndications, losing it in 2008, and rebuilding on charged-off second mortgages
- Operators vs. gurus, and how to tell who is teaching a market that no longer exists
- The tomato test: knowledge vs. wisdom

Resources & links:
- Storage Moguls (free tier + community): storagemoguls.ai
- IG ➡︎ @josephmdowns
- Email Joe: [email protected]
- Storage Moguls Podcast and Successful Idiots (Joe's AI podcast)
- Blue Ocean Strategy (book)

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
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Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

Disclaimer:
The content of this episode is for informational and entertainment purposes only and does not constitute financial, investment, tax, legal, or professional advice. The views expressed by the host and guests are their own. Always do your own research and consult a licensed professional before making financial decisions. The Broke Millionaires Podcast and its hosts are not responsible for any actions taken based on this content.

Robert Howell owns 23 mobile home parks and over 200 lots. People assume he's rich. He says the checks are nowhere near what you'd think. Robert breaks down what mobile home park investing really pays, how he buys parks with seller financing, and the tax bill that sent him right back into buying mode.

In this episode:
- Why 200+ lots doesn't mean a fat bank account yet, and when the money actually shows up
- How Robert bought a 110-lot park for $500K with 30-year seller financing and no payments for a year
- The simple math he uses to value a park: price per pad, a 35–40% expense ratio, and whether the net covers the mortgage
- Why mobile home parks can carry some of the highest accelerated depreciation in real estate
- How two park purchases were projected to cut his tax bill by roughly $130K–$140K
- The zoning trap that can take a park down the road to zero
- What Hurricane Helene cost him in tree work, and why FEMA helps tenants but not landlords
- Why he says manufactured homes can beat stick-built houses on quality
- How his teenage sons own a mobile home on seller finance terms and learned about CapEx the hard way

Resources & links:
The Early Birds: podcast and social platform for young entrepreneurs, run by Robert's sons
- IG ➡︎ @earlybirdsgroup
- IG ➡︎ @bobbyquatro
- Brad Jordan on TikTok (manufactured housing content mentioned in the episode)


CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
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Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify


Disclaimer:
The content of this episode is for informational and entertainment purposes only and does not constitute financial, investment, tax, legal, or professional advice. The views expressed by the host and guests are their own. Always do your own research and consult a licensed professional before making financial decisions. The Broke Millionaires Podcast and its hosts are not responsible for any actions taken based on this content.

Chris Gavre buys raw land for about $30,000 a lot, sets a brand new double wide on it, and sells it for $222,000 to $230,000. He did 50 to 60 of these last year and is on pace to do it again. Almost nobody is teaching this strategy, and he thought he invented it.

In this episode:

• What a land home package is, and the dealer's license that lets you buy a brand new home at wholesale straight from the factory
• Chris's full numbers: roughly $30,000 land, $70,000 to $75,000 for the house, $40,000 to $50,000 to set it up, sold at $222,000 to $230,000, netting about $40,000 a deal
• Why this beats flipping: no rotted joists, no rewires, the same fixed cost every single time
• The timeline, land purchased to listed in 30 to 45 days, under contract in two weeks or less
• Why he refuses drywall homes and what happens when your price creeps toward stick built
• How he funds everything with hard money and private capital instead of his own cash
• The land criteria that decides a deal before you buy it, and the zoning filter that protects his marketing budget
• How his CPA treats the homes inside a mobile home park as personal property for depreciation
• Why he will never buy another stick built rental: 20 to 25% cash on cash versus about 10%
• The 2022 South Carolina cease and desist that ended his wholesaling business, and the six months of floundering that followed
• Why he thinks mobile homes are the biggest housing opportunity of the next five years

Resources & links:

• The Land Home League, the program Chris runs with his partner Robert and Brent Bowers. Book a call at thelandsharks.com
• Brent Bowers of The Land Sharks, a previous guest on this show
• Reach Chris Gavre on Facebook

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
Newsletter: Subscribe

Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

Disclaimer: The content of this episode is for informational and entertainment purposes only and does not constitute financial, investment, tax, legal, or professional advice. The views expressed by the host and guests are their own. Always do your own research and consult a licensed professional before making financial decisions. The Broke Millionaires Podcast and its hosts are not responsible for any actions taken based on this content.

They didn't have $200 for diapers, let alone a down payment — and a decade later they own 50 rental properties. Brandon and Chessie Hollibaugh share exactly how they climbed out of $50,000 in credit card debt on a Navy paycheck and built a real estate portfolio using creative financing and almost none of their own money, including the two deals that nearly took it all back.

In this episode:
- How Brandon closed his first wholesale deal in 29 days with just $100 and some plastic signs
- The difference between "broke" and "poor" — and why the distinction changed everything
- Why a $600 check meant more than the $34,000 they made the next month
- The Fourth of July phone call that convinced Brandon to leave a stable law-enforcement pension
- How to use seller financing, capital stacking, and lease-purchase options to buy with little or no money down
- The "silver tsunami" of retiring landlords selling entire portfolios — and how to be first in line
- The $500,000 flip they bought sight-unseen, and the rule they'll never break again
- How to invest out of state without getting burned by inspectors who miss major problems
- Why sharing profits and treating real estate as a team sport made them more money, not less
- How to design a business around your life instead of drowning in 16-hour days

Resources & links:
B&C Real Estate Solutions
IG ➡︎ Brandon Hollibaugh
Their $1,000 finder's fee / bird-dog referral program
"Broke vs. poor" mindset, referenced from Robert Kiyosaki

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
Newsletter: Subscribe

Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

This podcast is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a licensed professional before making any investment decisions.

They didn't have $200 for diapers, let alone a down payment — and a decade later they own 50 rental properties. Brandon and Chessie Hollibaugh share exactly how they climbed out of $50,000 in credit card debt on a Navy paycheck and built a real estate portfolio using creative financing and almost none of their own money, including the two deals that nearly took it all back.

In this episode:
- How Brandon closed his first wholesale deal in 29 days with just $100 and some plastic signs
- The difference between "broke" and "poor" — and why the distinction changed everything
- Why a $600 check meant more than the $34,000 they made the next month
- The Fourth of July phone call that convinced Brandon to leave a stable law-enforcement pension
- How to use seller financing, capital stacking, and lease-purchase options to buy with little or no money down
- The "silver tsunami" of retiring landlords selling entire portfolios — and how to be first in line
- The $500,000 flip they bought sight-unseen, and the rule they'll never break again
- How to invest out of state without getting burned by inspectors who miss major problems
- Why sharing profits and treating real estate as a team sport made them more money, not less
- How to design a business around your life instead of drowning in 16-hour days

Resources & links:
B&C Real Estate Solutions
IG ➡︎ Brandon Hollibaugh
Their $1,000 finder's fee / bird-dog referral program
"Broke vs. poor" mindset, referenced from Robert Kiyosaki

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
Newsletter: Subscribe

Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

This podcast is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a licensed professional before making any investment decisions.

Compounding is the real engine behind almost every dollar of wealth we've built — and it's the one strategy most people give up on too early. In this episode we break down how we stack it across real estate, knowledge, and long-term investing to build wealth on an everyday income. The hardest part isn't the math — it's the one uncomfortable habit that makes compounding actually work.

In this episode:
- Why compounding — not a bigger paycheck — is what actually builds wealth
- Five different ways to compound a single real estate deal at the same time
- How we built nearly $3 million in equity in 5 years, starting from ~$230K
- The three types of appreciation (market, inflation, forced) and which you control
- Why we're not fans of the traditional 401(k) — and what we do instead
- The "lifestyle vs. assets" trap that quietly keeps high earners broke
- How buying knowledge (mentors, coaching, options) fast-tracks your growth
- The Coverdell ESA + 529 "college house-hack" that pays tuition with tax-free dollars
- Why patience — not income — is the real reason most people never build wealth
- The time we had to pull from our retirement accounts — and why we'd do it again

Resources & Links:
- The Broke Millionaires community on Skool (search "The Broke Millionaires" on SKOOL.com) + weekly live Q&A calls
- Episode 47 with Kam Dasani — options trading program with ex-Goldman Sachs traders
- Amanda Han — real estate tax strategist referenced for tax mitigation
- Strategies discussed: Coverdell ESA & 529 college plans, forced appreciation, depreciation

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
Newsletter: Subscribe

Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

This podcast is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a licensed professional before making any investment decisions.

Follow us on Instagram: @thebrokemillionaires_

We own $7 million in real estate — and just got turned down to rent a modest home. If you've ever felt like you're building something real but can't prove it on paper, this episode is for you. We're sharing the raw truth about selling two properties, pivoting a 10-year business, moving with no destination, and what it actually takes to push through when the breakthrough feels invisible.

What You'll Learn:

• Why asset-rich investors often can't qualify for rentals — and how to handle it
• The tax strategy behind selling appreciated properties (cost segregation + bonus depreciation)
• How to know when to pivot a business vs. keep grinding
• Why hard work alone doesn't build wealth — and what does
• The mindset framework for surviving the "dark before the dawn" season
• How to redeploy equity strategically without a massive tax bill
• Why April is the best time to list real estate in most markets
• How the co-hosting model fits into a real estate professional tax strategy
• The importance of a support system that's honest, not just encouraging
• Why sometimes selling is the smartest build move you can make

Resources & Links:

CONNECT WITH THE BROKE MILLIONAIRES!
IG ➡︎ @thebrokemillionaires_
Tik Tok ➡︎ @thebrokemillionaires
➡︎Skool Community: Free to Join
Newsletter: Subscribe

Subscribe and Listen to The Broke Millionaires Podcast HERE:
➡︎YT: @TheBrokeMillionairesPodcast
➡︎Apple
➡︎Spotify

This podcast is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a licensed professional before making any investment decisions.

Follow us on Instagram: @thebrokemillionaires_

Your equity might be your biggest liability. In Episode 52, we pull back the curtain on the exact strategy we're using to sell properties, eliminate tax bills using bonus depreciation, and redeploy trapped equity into multiple cash-flowing assets — all while AI quietly replaces the humans doing these deals. If you've ever wondered whether holding your appreciated property is actually costing you money, this episode will change how you think about your portfolio forever.

What You'll Learn:

• Why a doubled-in-value property may be your worst-performing asset
• How to calculate Return on Equity and why it matters more than cash flow
• The bonus depreciation strategy that legally eliminates capital gains tax
• How to combine 1031 exchanges with bonus depreciation for tax-free cash
• Why AI is already closing real estate deals with zero human involvement
• The assumable mortgage strategy almost no buyer is using
• When it makes sense to sell — and when it absolutely does not
• How the Big Beautiful Bill changed the entire tax planning game
• The equity velocity stack: how to turn 1 property into 3
• Why the next few years may be your last best window to build real wealth

Resources Mentioned:

• Skool Community: https://www.skool.com/brokemillionaires/about
• Dan Martell: @danmartell

⚠️ Disclaimer: This podcast is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Always consult a licensed CPA, attorney, or financial advisor before making any investment decisions.

Join our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionaires

What if everything you've been told about getting rich through real estate is wrong? Cory Jacobson of Wealth Juice — who started with $25K and a house hack while earning $35K/year at the Philadelphia 76ers — reveals why cash flow is NOT the goal, how he turned a $40K investment into $160K in 4.5 years, and the exact strategy he uses to build wealth through equity exits, mid-term rentals, and 5–20 unit multifamily deals that institutions overlook.

Key Takeaways:

• Cash flow is a defense mechanism — equity is where the real money is made
• The 1% rule still works in markets like Indianapolis, Detroit, and Augusta
• House hacking is still the #1 starting strategy for anyone without kids
• Out-of-state investing forces you to build systems and remove emotion
• The 5–20 unit multifamily space is a blind spot for institutional capital
• You can own properties you've never visited — boots on the ground is the key
• With $20K, you can either house hack or buy in a lower-cost market
• Analysis paralysis is more exhausting than actually buying your first deal
• Good insurance isn't optional — it's what saved Corey when a property caught fire
• Patience over 5–7 years is the single most important skill in real estate

Resources & Links:

• Connect with Cory on Instagram: @WealthJuiceOfficial
• Wealth Juice Podcast: Available on Spotify & Apple Podcasts
• YouTube: Search "Wealth Juice"
• Mentorship/Inner Circle: DM @WealthJuiceOfficial on Instagram

Join our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.

Instagram: @thebrokemillionaires_

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LEGAL DISCLAIMER:

This podcast is for informational and entertainment purposes only. Nothing discussed constitutes financial, legal, tax, or investment advice. Always consult a licensed professional before making financial decisions. The hosts are not financial advisors and results discussed are not typical.