In this Story episode, Scott Carson joins us to explain everything we need to know about notes. Note investing is the process of purchasing debt. To some, this might sound risky and uncertain but there’s a simple and sexy way to look at it. Scott brings his expertise to tell us how we can find success in this niche. Join us and listen in!

Scott Carson is a highly sought-after guest and host of the popular podcast, the Note Closers Show. An active entrepreneur, he is an expert in real estate investing, marketing, and podcasting. He speaks regularly at different events and industry conventions focused on real estate, marketing, and podcasting. He also helps thousands of investors and entrepreneurs each year create wealth through his debt buying classes, podcasts and coaching. A regular podcast guest, he was recently named the #4 Entrepreneur to Follow in 2002 by US News Reporter Magazine. An avid sports fan, he spends his free time traveling, gardening, and making memories. He calls Austin, Texas home.

[00:01 – 09:09] Finding a Niche in Notes

• From being laid off to becoming a distressed borrower
• Getting in the notes business and buying billions of dollars in distressed debt
• Sharing his journey and educating investors

[09:10 – 30:14] Note Investing Explained

• Everybody is already in the note business
• Understanding the different types of notes
• The rewards of buying non-performing notes
• Using servicing companies to connect with the note owner
• How do you buy notes?
• You don’t own the real estate, you own the debt
• Now is a great time to buy notes

[30:15 – 32:24] Building Relationships

• Making 50-200 phone calls a day and going door-to-door to banks when he was starting out
• Doubling down on outreach to find opportunities

[32:25 – 36:48] Closing Segment

• Connect with Scott!
• Head over to noteweekend.com and use the code Taylor to join Scott’s one-day class for FREE!

Tweetable Quotes:



“Everybody's already in the note business, whether you got a mortgage, a car, credit card, student loan debt… But you're on the wrong side of the payment stream. And you want to be on the receiving side of payments.” - Scott Carson

“There are some risks if you approach it like a real estate investor that ‘I'm going to pay like  normally do as a real estate investor,’ you're going to get burned because you don't own the real estate, you own the debt.” - Scott Carson

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Socials and Links

Connect with Scott on the We Close Notes website.

Listen to their podcasts, Note Night In America and The Note Closers Show. Join Scott’s one-day class for FREE using the code Taylor at noteweekend.com!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

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Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

Commercial real estate is a lot less straightforward than buying a house. In this Action Items episode, Stewart Heath shares tips on how you can take the first step on your commercial real estate investing journey and how, most of the time, it all comes down to following your intuition.

Stewart Heath, CPA and his team at Harvard Grace Corporation and Harvard Grace Capital provide administrative and financial services to businesses and real estate projects. Stewart also sits on several boards, including Winsome Truth, The Shepherd’s Call, and Second Chance Sober Living. In 2016, he was recognized as a finalist for the Nashville Business Journal’s CFO Awards. Currently, he also holds several fractional CFO positions.

[00:01 – 08:18] Finding the Right People

• Partner with someone who has more experience
• Look for a mentor within your close networks
• Surround yourself with people who are successful in real estate
• Here’s a red flag you should avoid
• Shadow people who know what they are doing

[04:41 – 12:27] The More You Do it, The Better You Get

• Always go after cash flow
• Use metrics to direct your due diligence efforts
• Spend time talking to lenders and other people in the business

[12:28 – 13:36] Closing Segment

• Connect with Stewart!

Tweetable Quotes:

“Target people that you know for a fact have been successful, not people that appear to be successful.”  - Stewart Heath

“You should be willing to take a little less return with somebody who's a little more tried and true until you understand exactly what's going on.” - Stewart Heath

“Trust your gut. You're probably smarter than you think you are. You just might not be as familiar with the lingo as other people who are in the industry.” - Stewart Heath

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Socials and Links

Connect with Stewart on Linkedin!

Check out Harvard Grace Corporation and Harvard Grace Capital on their website and book an appointment at Calendly!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

In this Story episode, we sit down with Stewart Heath, CEO of Harvard Grace Corporation and Harvard Grace Capital. He talks about starting out as an accountant before getting into the real estate game. Through his 30+ years of being an entrepreneur, he has learned to combine good advice, gut instincts, of course, math to make sound decisions in business. Stewart has done residential deals but is now focused on commercial properties and other assets. He also discusses the market conditions in Tennessee and Alabama, and how to find deals in those areas. Join us and listen in!

Stewart Heath, CPA and his team provide administrative and financial services to businesses and real estate projects. Stewart also sits on several boards, including Winsome Truth, The Shepherd’s Call, and Second Chance Sober Living. In 2016, he was recognized as a finalist for the Nashville Business Journal’s CFO Awards. Currently, he also holds several fractional CFO positions.

[00:01 – 09:11] Real Estate is Mostly Math

• Finding inspiration from an infomercial and buying his first property
• How his background as a numbers guy comes into play in business
• The importance of cashflow

[00:01 – 09:11] Following Advice and Intuition

• Finding inspiration from an infomercial and buying his first property
• How his background as a numbers guy comes into play in business
• The importance of cash flow

[09:12 – 19:38] Transitioning from Residential to Commercial and Other Ventures

• Why he’s not focusing on residential assets anymore
• Purchasing an office building off-market
• The importance of location and its potential to attract businesses and jobs

[19:39 – 24:29] Knowing Your Market

• The value of tertiary markets
• Real estate is local
• Looking for niche opportunities

[24:30 – 28:26] Closing Segment

• What is next for Stewart and Harvard Grace Capital?
• Connect with Stewart!

Tweetable Quotes:

“You just work the numbers. It's not hard. I mean, there's a lot of more complex ways to make money. And if it cash flows by it, and then wait, because most of the time real estate increases in value, and you go forward from there.” - Stewart Heath

“ You need to know what you like and what you're capable of. You don't want your investment to start making you miserable.” - Stewart Heath

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Socials and Links

Connect with Stewart on Linkedin!

Check out Harvard Grace Corporation and Harvard Grace Capital on their website and book an appointment at Calendly!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

With the numerous strategies to employ and resources to take advantage of, we can see that there is no one way to success. In this Action Items episode, Micy Liu discusses her practical steps in getting started with your journey in the real estate realm. It starts with identifying your vision and being mindful of the action steps along the way. Join us and listen in!

Micy Liu founded Life Mission Capital where she has established a portfolio of 155 units in less than 9 months and started a real estate investment club with more than 400 members. Micy came to the US at 16 years old by herself as an exchange student from China. She started her real estate journey in 2019. Her life was never the same when she saw the impact commercial real estate investing can have on others and herself. That is why she started Life Mission Capital where she helps busy professionals invest in cash-flowing commercial real estate so they can focus more on what matters to them. Financial literacy is her life mission. 

[00:01 – 04:40] Getting Started in the Real Estate Space Passively or Actively

• Understanding why you are investing in the first place
• Figuring out your financial freedom number
• Knowing your risk tolerance for better asset selection

[04:41 – 13:54] When You Have Made the Decision, Work on These

• Learning online and growing your network in alignment with your goals
• Avoiding the shiny object syndrome by taking actions with intention 
• The considerations between time and money when paying for a mentor

[13:55 – 15:25] Closing Segment

• Connect with Micy!

Tweetable Quotes:

“I say that real estate, in general, provides a possibility for passive income that's recession-resistant in a lot of cases.” - Micy Liu

“It'd be good [to invest] in something that you're passionate about whether active or passive. So it kind of aligns with your hobby already. So it doesn't feel like work.” - Micy Liu 

“Never learn from just one person… Know that no one is 100% right all the time. And there's so many strategies you can learn so many ways you can succeed.” - Micy Liu 

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Socials and Links

Connect with Micy on Linkedin and Facebook!

Check out Life Mission Capital on their website and book an appointment at Calendly!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

In this Story episode, Micy Liu shares her story of how she got into real estate after witnessing the aftermath of the crash and how it affected her family. By taking baby steps, she slowly uncovered the feasibility to achieve financial literacy and grow wealth through real estate investing. She also unpacks her way of attracting the right people and scaling in alignment with the mission. Join us and listen in!

Micy Liu founded Life Mission Capital where she has established a portfolio of 155 units in less than 9 months and started a real estate investment club with more than 400 members. Micy came to the US at 16 years old by herself as an exchange student from China. She started her real estate journey in 2019. Her life was never the same when she saw the impact commercial real estate investing can have on others and herself. That is why she started Life Mission Capital where she helps busy professionals invest in cash-flowing commercial real estate so they can focus more on what matters to them. Financial literacy is her life mission. 

[00:01 – 04:33] When the Crash Didn’t Scare You Out of Real Estate Investing 

• House hacking as a baby step after the crash
• Uncovering powerful ways to leverage multifamily in growing wealth
• The short transition from single-family to multifamily

[04:34 – 12:45] Keeping a W-2 Job While Getting into Real Estate

• Loving education and opting for mentors’ guidance
• Growing the portfolio in alignment with the mission and values
• Having a full-time job while doing real estate - steering the conversation

[12:46 – 32:49] Achieving Your Goals with Flexibility

• Learning as you go and attracting the right people
• Quality over quantity in dialing in relationships
• The flexibility and abundant income in real estate

[32:50 – 36:36] Closing Segment

• Connect with Micy!

Tweetable Quotes:

“Real education is key… And it’s so important that we're playing investors' money's safe, right? As safe as we can consider it.” - Micy Liu

“Having a side hustle while you have a full-time job can be concerning, as an employee sometimes or as an employer. But it's also about how to steer that conversation… So we need to change our mindset. Because at the end of the day, we're equipping people with tools to help them live a better future. And when that happens, they actually will have better work productivity.” - Micy Liu 

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Socials and Links

Connect with Micy on Linkedin and Facebook!

Check out Life Mission Capital on their website and book an appointment at Calendly!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

In this Action Items episode, Brian Hemedinger is back to tackle the ways to get started in the real estate journey and the tools we need as we take a step forward. Exploring different aspects every now and then is not a problem as it is a way to solidify what is for us. He highlights that as we get on the journey, the key is to keep moving forward. Join us and listen in!

Brian Hemedinger is a member of Raisemasters and has been focused on Multifamily for about 15 months. He has a full-time role overseeing sales for an upscale fitness brand called Equinox, oversee sales for our 22 Southern California locations. He started his career as an actor in NYC, then sales, and now working on building two businesses; real estate and business coaching.

[00:01 – 05:49] The Value of Surrounding Yourself with People in the Game

• Getting around other investors and utilizing online meets
• How to go around limiting beliefs and the tendency to compare
• Questioning if what you are thinking or believing is true 

[05:50 – 15:35] The Path to Getting Clear on What is For You

• Meditation as a way to consistent progress and belief creation
• Knowing the next steps to take for execution
• Being ready with your time and energy to realize clarity

[15:36 – 17:02] Closing Segment

• Connect with Brian!

Tweetable Quotes:

“Limiting beliefs come up and then it's just a matter of working through those right and now, asking yourself quality questions about these beliefs. Is it really true?” - Brian Hemedinger

“As we're going along and we're taking steps, we end up refining what our vision really is. But the gratification comes from the pursuit of the goal, and taking the proactive steps and feeling the growth that comes from that.” - Brian Hemedinger

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Resources

The Gap and The Gain by Dan Sullivan and Benjamin Hardy

Who Not How by Dan Sullivan and Benjamin Hardy

Socials and Links

Check out Maebar Capital on their website!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

In this Story episode, Brian Hemedinger shares his story of starting as an artist, getting into debt, then shifting to real estate. He highlights the important lessons learned throughout these transitions and how our experiences, even if they may be unrelated, should be treasured and not forgotten. He also discusses how he learned the ropes of real estate behind the curtain before jumping into the stage. Join us and listen in!

Brian Hemedinger is a member of Raisemasters and has been focused on Multifamily for about 15 months. He has a full-time role overseeing sales for an upscale fitness brand called Equinox, oversee sales for our 22 Southern California locations. He started his career as an actor in NYC, then sales, and now working on building two businesses; real estate and business coaching.

[00:01 – 10:35] Putting Yourself Out There are Being Vulnerable

• Starting a career as an actor, getting into debt, then shifting priorities
• Gaining confidence and resilience in pursuing the dream 
• Training yourself not to take things personally

[10:36 – 20:43] Learning the Ropes Behind the Curtain then Stepping In

• The two core principles learned - state management and the power of proximity
• Getting into multifamily instead of wholesaling
• Recognizing the ways to get involved in real estate 

[20:44 – 34:48] Taking on a More Active Role

• Seeking more active roles in the real estate business
• The support during the transition to the real estate realm
• Introducing a concept through questions to peel the layers

[34:49 – 37:31] Closing Segment

• Connect with Brian!

Tweetable Quotes:

“As you get older and you become more established in your life, you take on greater responsibilities. There's some fear that comes in because you start to develop a fear of losing things.” - Brian Hemedinger

“I’ve found… the power of collaboration, because just different people see different things, you know, different perspectives. And when we all kind of put our brains together… we have a lot more, we can come up with a lot more options” - Brian Hemedinger

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Socials and Links

Check out Maebar Capital on their website!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

When occupancy rates are low, it is normal to panic. However, when talking about hotels, the name of the game is marketing. In this Action Items episode, Wayne Ung discusses the practical steps to take to get started in hotel investing and the tools you need to make this business model work. Having a good network and positioning are the key ingredients to success in this industry. Join us and listen in!

Wayne Ung brings 20 years of general real estate management experience with hotel-specific management since 2013. He invests in and/or managed several hotels including properties in Columbus, Ohio, Tucson AZ, and Albuquerque NM to name three.

[00:01 – 04:28] Steps to Take for Hotel Investing

• Starting out with what you need to know experiences to have
• It is more on cultivating the business mindset
• Networking and expanding your network are keys

[04:29 – 10:20] The Credibility and Mindset to Cultivate

• Gaining credibility to take on a hotel deal
• The operations to implement in the hotel business model
• Cultivating the mindset of being a hotel investor

[10:21 – 11:27] Closing Segment

• Connect with Wayne!

Tweetable Quote:

“New hotel, the rate is $79… That's a professional person that knows how to do business. Because what he's doing is he's getting generating a lot of money by keeping the place even for $79. He knows that eventually, he'll get to profitability, he can go up the price. So that's really good marketing there.”  - Wayne Ung

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Socials and Links

Check out Hotel Capital Inc on their website!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

Have you ever considered investing in hotels? In this Story episode, Wayne Ung shares his experience and strategies for making this happen. He gives insights on what it is to run this business, the challenges faced, and the advantages of this mode of investing. Join us and listen in!

Wayne Ung brings 20 years of general real estate management experience with hotel-specific management since 2013. He invests in and/or managed several hotels including properties in Columbus, Ohio, Tucson AZ, and Albuquerque NM to name three.

[00:01 – 09:50] When Opportunity Finds You, Take It

• Wayne’s story on investing in hotels from doing liquor stores
• Finding an opportunity in Columbus, Ohio and making money
• Facing problems in almost every aspect - the contractors, the city, and break-ins

[09:51 – 19:32] Why Hotel Investing is a Considerable Option

• Hitting cash flow, equity, and value-add in hotel investing
• Population and traffic-based for ideal positioning
• The structure of the deal and the pros and cons of hotel investing

[19:33 – 30:41] Tactical Strategies to Employ

• Running up the numbers for occupancy targets
• The beauty of employing creativity and flexibility
• Trends to watch out for regarding the hotel industry

[30:42 – 32:19] Closing Segment

• Connect with Wayne!

Tweetable Quotes:

“The downside [of hotel investing] is just getting some apartment investors to understand how these things make money… You will be surprised at what hotels we get into. ” - Wayne Ung

“There's a general trend of where…hotel rooms are not being built anymore. So there's going to be [a] reduce on the hotels. So I think what's going to be going on is that these hotels will start going creeping up… So these hotels even though they're rundown, they're still needed.” - Wayne Ung

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Socials and Links

Check out Hotel Capital Inc on their website!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.

In this Action Items episode, Nick Earls and Eric DiNicola are back to go over their practical tips when jumping into real estate, particularly in condominium investing. They share the significicance of delegation and finding the right people by factoring in experience and word-of-mouth. Join us and listen in!

Nick Earls and Eric DiNicola are real estate investors focusing on multifamily. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement.

Nick is the co-founder and managing principal of Winterspring Capital (winterspringcapital.com) and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book “Making Millions through Multi-Family Development.”

Eric DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full.

[00:01 – 07:30] Knowing How to Delegate

• Considering the way to scalability - do not do everything
• Steps to finding general partners and vetting contractors
• The value of experience and word-of-mouth

[07:31 – 15:00] Factors for Choosing Partners and Markets

• Avoiding partners who may go rogue
• Focusing on the ideal target market for cost efficiency
• Marketing the condo units before finishing construction

[15:01 – 17:44] Closing Segment

• License is not needed to start the venture
• Connect with Nick and Eric!

Tweetable Quotes:

“What I recommend to most people is to work with a GC, don't try to do it by yourself. I know that you can add value through sweat equity, but it's not scalable, it's not sustainable.” - Nick Earls

“You should start and try to sell your units. If you're doing condo units like ours, start marketing them and and hoping to get them under contract well before you're finished. Especially if you're in a really desirable area, you'll have demand” - Eric DiNicola 

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Socials and Links

Connect with Nick Earls and Eric DiNicola at IG and FB

Check out Winterspring Capital on Linkedin and get the free book here.

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.