In this episode, Tyler and Tommy discuss the critical topic of renting versus buying your primary residence. They explore the pros and cons of each option, emphasizing the long-term financial benefits of homeownership. The conversation includes personal experiences in real estate, updates on their properties, and insights into the wealth gap associated with homeownership. They provide statistical evidence showing how homeownership can significantly increase wealth over time compared to renting. The episode concludes with practical advice for listeners on how to approach home buying and investing in real estate.

In this episode of Monopoly Mindset, hosts Tommy Stelzer and Tyler Brown welcome Mike Buska, a real estate investor who shares his journey from struggling in the expensive New Jersey market to successfully investing in out-of-state properties, particularly in Detroit and the Poconos. The conversation highlights the importance of networking, mentorship, and building a reliable team in real estate. Mike discusses his strategies for navigating market challenges, the significance of understanding local markets, and his future goals for expanding his real estate portfolio.

https://www.instagram.com/yonderrei/

In this episode, Tommy Stelzer and Tyler Brown welcome Fernando Latona, a Realtor and Owner of Visionary Bldrs, a custom home development company in South West Florida. Fernando discusses the influence his mother had on his real estate journey, the importance of family in his career, and how he got into new construction. He emphasizes the role of social media in building his brand and the advantages of being a private builder. The conversation covers the intricacies of home building, general contractors, cost-saving strategies, and Fernando's future entrepreneurial aspirations.

https://visionarybldrs.com/

https://www.instagram.com/visionary_bldrs/

In this episode, Tommy Stelzer and Tyler Brown discuss the differences between investing in a 401k and real estate. The conversation delves into the tax advantages of both investment strategies, the importance of evaluating one's portfolio, and the potential drawbacks of 401k accounts, including limited access to funds and double taxation. The hosts emphasize the need for financial education and proactive planning in achieving long-term financial goals. They discuss the intricacies of 401k and IRA options, emphasizing the flexibility of IRAs compared to 401ks. They delve into the benefits of real estate investment, highlighting passive income, appreciation, and leverage as key advantages. The discussion also covers the importance of strategic financial planning, comparing the potential returns of real estate versus traditional retirement accounts. The hosts encourage listeners to consider their long-term financial goals and the role of both real estate and retirement accounts in achieving financial independence.

In this episode of the Monopoly Mindset podcast, Tyler Brown and Tommy Stelzer wrap up their last property acquisition, a duplex in Northeastern Pennsylvania that Tommy purchased with his company, TDJ. They share insights on their weekly real estate activities, including a rent-to-own strategy they are implementing with a tenant. The conversation delves into the details of the new property, including the numbers behind the investment, challenges faced with mold remediation, and future plans for the property.

In this episode, Tommy and Tyler continue their discussion on Tyler's Airbnb journey, focusing on unexpected challenges during renovations, the importance of design and furnishing, and the permitting process. The conversation highlights the significance of managing long-distance renovations and the impact of design choices on the overall Airbnb experience. Tyler shares insights on occupancy rates and future plans for the property, emphasizing the learning experiences gained throughout the process.

In this 2 part episode of the Monopoly Mindset podcast, hosts Tommy Stelzer and Tyler Brown discuss Tyler's recent purchase of a vacation home in the Poconos. After reviewing their weekly real estate adventure, They discuss how to build a team, look at properties, and find a deal while living out of state. They also focus on the financing aspect of a vacation home. Stay tuned for part 2 of this amazing property!

In this episode of the Monopoly Mindset, hosts Tommy Stelzer and Tyler Brown discuss their experiences with real estate investing, focusing on the process of closing HELOCs, navigating property closings, and the importance of appraisals. Tommy shares his story about purchasing two more properties with his company (TDJ), including a church and a huge 8 bedroom college rental. The conversation highlights the challenges and rewards of property renovations, emphasizing the significance of understanding ARV appraisals and budgeting for repairs. In this conversation, Tommy and Tyler discuss the complexities of real estate investment, particularly focusing on the BRRRR strategy, refinancing challenges, and the importance of understanding the appraisal processes. They share their experiences with banks, the impact of business models on financing, and the transition to using DSCR loans when traditional financing may not be an option.

In this episode, Tommy Stelzer and Tyler Brown discuss their current experience with applying for Home Equity Line of Credits' (HELOC), partnerships, and how Tommy and his company (TDJ) was created. They discuss the reason why Tommy wanted to go into a partnership, the benefits of splitting the roles/responsibilities, and how they acquired their first two properties. They discuss TDJ's business model that allowed them to grow quickly with little money out of pocket.

In this episode of the Monopoly Mindset, hosts Tommy and Tyler discuss their recent experiences in real estate, focusing on Tyler's first property purchase using the BRRRR strategy. They explore the challenges of financing, the importance of understanding the market, and the lessons learned throughout the process. The conversation emphasizes the significance of perseverance in real estate investing and the potential for long-term growth through strategic investments.

00:00 Real Estate Updates: Airbnb and HELOC

04:31 Navigating the HELOC Process

08:23 Challenges with Banks and Loans

12:16 Tommy's Real Estate Journey

16:26 Understanding the BRRRR Strategy

18:22 Tyler's First Property Purchase

26:39 The Challenges of Real Estate Investing

37:24 Navigating Offers and Counteroffers

40:10 The Financing Journey Begins

42:32 The Hard Money Dilemma

45:14 Renovations and Tenant Management

51:27 Refinancing and Cash Flow Strategies

58:55 Understanding DSCR Loans

01:04:54 Lessons Learned and Future Strategies