Flint Jamison joins me to share his remarkable journey from aerospace engineer to real estate investor, specifically focusing on multifamily and medical office spaces.

We get into Flint's pivotal role in designing the wing structure of the Boeing 787, showcasing how his engineering background laid the groundwork for his later ventures. Flint describes the challenges he faced in the high-stress world of aerospace engineering, which ultimately led him to seek a more fulfilling career in real estate.

He discusses his transition into real estate investment, detailing his experiences with a duplex and how they shaped his strategies moving forward. Flint emphasizes the importance of diversifying investments and shares insights on navigating the current uncertain market conditions, including the strategies he employs to mitigate risks in his portfolio.

Takeaways:

• Flint Jamison transitioned from aerospace engineering to real estate investment after 20 years, seeking a more fulfilling life.
• The engineering field is high-stress and time-intensive, often requiring personal sacrifices that affect family life.
• Real estate investment offers diverse opportunities for income generation, including tax advantages and stable returns.
• Flint's first real estate venture was a duplex that taught him valuable lessons about property management and tenant relations.
• He now focuses on medical office space and multifamily apartments, leveraging partnerships for diversified investments.
• Flint emphasizes the importance of networking and building relationships to find lucrative real estate deals.

Links referenced in this episode:

• vestascapital.com
• investwithflint.com
• l4investing.com

The Do More Podcast

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I wanted to discuss why I believe facing challenges directly is so crucial, particularly when it comes to personal growth.

I’ve got a story about my son and his time in a three-on-three basketball league that really drives this home. His team was up against older, stronger players, and let’s just say they took quite a few losses. It could’ve been a real downer, but honestly, I’ve seen how those tough games pushed them to get so much better—both in their skills and in bouncing back from setbacks.

I can’t help but think about what this means for all of us, you know? So often, schools and even us parents focus on keeping things safe and comfy for kids, but are we missing out on the big lessons that come from competing and even failing sometimes?

I really believe we need to take more risks and embrace the hard stuff, whether it’s on the court or just in everyday life. Those challenges are what shape us and help us grow. What do you think—have you seen this play out in your own experiences?

Takeaways:

• In youth sports, competition often overshadows the importance of skill development and teamwork.
• Challenging children with difficult opponents can lead to significant growth and improvement.
• Losing is a valuable learning experience that teaches resilience and the importance of effort.
• We should encourage taking risks in life, as growth often comes from facing challenges.
• The societal tendency to avoid challenges prevents personal development and skill enhancement.
• Parents and coaches must focus on the process of learning rather than just winning games.

Links referenced in this episode:

• thedomorepodcast.com
• l4andb

The Do More Podcast

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Bree Hartman joins me in this episode to discuss the transformative journey of entrepreneurship and the world of self-storage investing.

One of the main points we explore is how pivoting and adaptability are essential traits for business success. Bree shares her personal story, which includes a significant transition from a career in state wildlife management to owning and operating multiple storage facilities.

We talk about the importance of taking risks, learning from failures, and the crucial role of mindset in navigating challenges. Additionally, Bree emphasizes the value of community and mentorship in the self-storage industry, highlighting how her experiences have shaped her approach to business and personal growth.

This conversation not only sheds light on the practical aspects of investing in storage facilities, but also, I hope, will inspire you to embrace your own entrepreneurial journeys.

Takeaways:

• Bree Hartman emphasizes the importance of embracing pivots in life, stating that growth and change are essential for personal and professional development.
• She shares her journey from being a field biologist to a successful entrepreneur, illustrating how her diverse experiences led her to the self-storage industry.
• Bree discusses the significance of delegating responsibilities in business to allow for growth, stressing that releasing control can lead to improved performance.
• The concept of using AI tools, like Swivel, is highlighted as a way to enhance customer service and operational efficiency in the storage industry.
• Bree notes that many entrepreneurs struggle with the fear of failure, but emphasizes the importance of betting on oneself and taking calculated risks to achieve success.
• The conversation reveals that personal growth often involves discomfort and the ability to adapt to challenges, which ultimately shapes one's journey as an entrepreneur.

Links referenced in this episode:

• l4investing.com
• instagram.com/bree.theinvestor

The Do More Podcast

Russell Nersesov joins me to discuss his journey from being a chiropractor to becoming a managing partner of Safe Storage USA and Flex Park Partners.

In this episode, we examine the strategic shift from traditional real estate investments to self-storage and now flex spaces, showcasing the evolving landscape of the real estate market.

Russell shares insights on the challenges and opportunities that come with these transitions, particularly in the current economic climate where interest rates have significantly changed.

We talk about the importance of building a strong network and the necessity of adapting investment strategies to ensure sustainable growth. As we navigate through these topics, listeners will gain valuable perspectives on the dynamics of real estate investment and the critical factors influencing decision-making in this field.

Takeaways:

• In this episode, Russell Nersesov shares his transformative journey from being a licensed chiropractor to becoming a managing partner in the self-storage and flex space sectors.
• The discussion highlights the importance of adaptability in real estate investment, particularly in response to market changes and economic pressures.
• Russell emphasizes the strategic decision-making process behind their pivot from self-storage to flex space, focusing on emerging opportunities in the market.
• You are encouraged to consider the nuances of long-term real estate holding strategies, as opposed to the more transactional approach often seen in syndication.
• The episode covers the significance of building a reliable network in real estate, underscoring that success often hinges on collaborative efforts within the industry.
• Russell discusses the innovative approach of combining real estate investments with cryptocurrency, particularly Bitcoin, to diversify and enhance investment portfolios.

Links referenced in this episode:

• safestorageusa.com
• safestorageinvestors.com
• L4Investing.com

The Do More Podcast

Jimmy Rios, founder of Rios Business Advisors, joins me to discuss the evolution of his advisory firm and the crucial lessons learned over 25 years in the financial services industry.

At the heart of our conversation is the importance of understanding business credit and how it can serve as a vital tool for entrepreneurs looking to transition from traditional employment to business ownership.

Rios emphasizes the shift from a consumer-driven mindset to one where individuals view themselves as business owners, capable of leveraging credit and strategic planning to build wealth.

We talk about the essential first steps for aspiring business owners, including the significance of mental preparedness and the necessity of a solid financial foundation.

Throughout the episode, Rios shares insights on navigating the complexities of buying and selling businesses, highlighting the value of mentorship and well-structured systems for achieving long-term success.

Takeaways:

• Jimmy Rios emphasized the importance of building a business ecosystem that adapts to client needs over 25 years.
• He shared insights on transforming individuals from consumers to business owners through effective financial strategies.
• Rios discussed the value of mentorship in navigating the complexities of business ownership and credit management.
• The episode highlighted the significance of having a clear exit strategy when buying or selling a business.
• Rios explained how to leverage business credit effectively to facilitate investments and acquisitions.
• He encouraged listeners to focus on the numbers and details to ensure a strong financial foundation for their ventures.

The Do More Podcast

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

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Entrepreneurs often mistakenly believe they own a business when, in reality, they may just have a job.

This episode explores the crucial distinction between working in a business versus working on it, highlighting that many entrepreneurs often become entangled in daily operations rather than focusing on strategic growth.

I explore practical examples, such as house flipping, to illustrate how being involved in the minutiae of operations can hinder long-term success. By sharing my own experiences in self-storage, I highlight the importance of delegation and the use of tools like organizational charts to clarify roles and responsibilities.

Ultimately, this discussion aims to empower you to step back from day-to-day tasks, enabling you to concentrate on scaling your business and to foster a more effective work environment.

Takeaways:

• Many entrepreneurs mistakenly believe they own a business, while they are actually just working a job.
• The distinction between working in your business and working on your business is crucial for growth.
• Delegation is essential for business owners to focus on the bigger picture and strategic planning.
• Using an organizational chart can help clarify responsibilities and improve business operations.
• Entrepreneurs often struggle with delegating tasks because they think they can do everything better themselves.
• Regularly reviewing your organizational structure can highlight areas for improvement and enhance efficiency.

Links referenced in this episode:

• L4Investing.com

The Do More Podcast

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Money does not directly equate to happiness; rather, it serves as a tool that can facilitate a fulfilling life.

I explore the nuanced relationship between financial resources and personal well-being, emphasizing that while it is essential to have our basic needs met, happiness often stems from experiences and the goals we pursue. I've shared my own journey from living paycheck to paycheck to understanding the importance of saving and investing, which allowed me to gain financial stability and time freedom.

This episode delves into the idea that the fulfillment we derive from our financial journeys is more significant than the money itself. Ultimately, it's about who we become along the way and how we leverage our resources to enrich our lives and those of others.

Takeaways:

• I share personal experiences from my youth, illustrating that meeting basic needs often leads to happiness, regardless of income level.
• The importance of having a savings cushion is discussed, as it alleviates stress and prevents the cycle of living paycheck to paycheck.
• We highlight that fulfillment comes from personal growth and achieving goals, rather than simply accumulating wealth or material possessions.
• The episode emphasizes that while money is a useful tool, true happiness is derived from experiences, relationships, and the person you become through challenges.
• Ultimately, we conclude that money indirectly contributes to happiness through the freedom it provides to pursue meaningful experiences and personal development.

Links referenced in this episode:

• L4Investing.com

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The Do More Podcast

Celebrating our 100th episode, I reflect on the journey and the importance of taking consistent action in achieving success. Many individuals hesitate to act until everything is perfect, but the key takeaway from today's discussion is that taking action, even in a makeshift environment, is crucial.

I share insights from past episodes, emphasizing that most successful guests faced significant challenges but found their way by committing to their goals and embracing the learning process that comes with setbacks. As I settle into my new office space, I recognize that growth and fulfillment come not from the quantity of achievements but from the quality of our actions and the lessons we learn along the way.

Join me as we explore how to break free from comfort zones and pursue meaningful goals in our personal and professional lives.

Takeaways:

• Reaching the milestone of 100 podcast episodes signifies dedication and persistence in the podcasting journey.
• Taking action is essential; many individuals hesitate to start due to perfectionism that holds them back from progress.
• The importance of having a 'big why' and setting substantial goals cannot be overstated in achieving success.
• Learning from failure is crucial; one must embrace losses to pave the way for future victories in any endeavor.
• Consistency in actions, even when the process becomes mundane, is vital for mastering any craft or business.
• It's not the quantity of assets that matters; rather, focus on cash flow and personal fulfillment in your pursuits.

Links referenced in this episode:

• L4Investing.com

The Do More Podcast

Cost segregation is a powerful tax strategy that allows property owners to significantly reduce their income tax liability by accelerating depreciation deductions.

In this episode, I sit down with Yona Weiss, a renowned expert in cost segregation, to unpack what this strategy entails and how it can benefit real estate investors. Yona explains that cost segregation involves breaking down the components of a property to identify those that depreciate faster than the standard timeline, enabling owners to front-load deductions and improve cash flow.

We also discuss the nuances of when cost segregation is appropriate and the potential pitfalls to avoid, particularly regarding property types and holding periods. Listeners will gain valuable insights into the mechanics of cost segregation and how it can be a strategic tool in their real estate investing journey.

Takeaways:

• Cost segregation is a tax strategy that allows property owners to accelerate depreciation, thus reducing taxable income significantly.
• Yona Weiss explains that cost segregation involves breaking down properties into components that depreciate at different rates, allowing for larger deductions upfront.
• Investing as a limited partner can be advantageous for those who prefer not to manage properties themselves, as it allows them to focus on their strengths.
• It's essential to consult with a CPA before implementing cost segregation, as it may not be suitable for every property or investor situation.
• A key consideration for using cost segregation is whether the property is held long-term or short-term, as flipping properties may not benefit from this strategy.
• Real estate professionals may leverage cost segregation to offset active income, which can provide substantial tax savings compared to passive investors.

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

The Do More Podcast

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Setting clear and impactful goals is essential for success in both real estate investing and personal development, as highlighted by Jon Farling in this episode. He emphasizes the importance of not only defining our goals but also communicating them to those around us, including family and team members, to foster accountability. Jon reflects on his own journey and the growth that comes from pursuing ambitious objectives, noting that the process can lead to significant personal transformation. He encourages listeners to break their larger goals into manageable steps, illustrating that achieving significant milestones often requires a structured approach and a clear timeline. By understanding our motivations and the impact our goals have on others, we can create a more meaningful path to success.

Takeaways:

• Setting clear goals is crucial for success in both business and personal life, as it provides direction and accountability.
• Communicating your goals to family and team members can enhance accountability and foster a supportive environment.
• Breaking down larger goals into smaller, manageable tasks helps in achieving them incrementally, making the process less daunting.
• It's important to set ambitious goals that inspire growth, as aiming low can limit potential and learning opportunities.

Links referenced in this episode:

• L4Investing.com

The Do More Podcast