The Real Estate Locker Room Show with John Carney

Clayton Morris is a former weekend anchor for the Fox News Channel's popular FOX & Friends. He exited the news game and founded Morris Invest, a company that helps people discover financial freedom through real estate investments.

Clayton believes people should only run the rat race for a limited time and that they should eventually enjoy more time with their family and friends. With this goal in mind, Clayton methodically built a cash flow real estate portfolio while working as news anchor. In time it grew big enough for the cash flow to work it's magic so that he could quit his "day job" and live free of the time restraints imposed by corporate America.

In this episode, Clayton shares how he pivoted from the news industry to the real estate business. He explains the actions taken to ensure a smooth transition and the positive changes that he noticed after leaving FOX NEWS. Clayton shares his tips on hiring the perfect property manager, how to manage them with guidelines and why he prefers a blend of B and C properties in his portfolio.

Pro tip:

• Be focused on one thing at a time and be ready to say no to distractions.

Thank you Clayton for taking the time to share your expertise on building a successful real estate portfolio with good cash flow.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

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© John Carney 2018

Michael Conroy is a real estate investor who capitalized on the legalization of marijuana and set up shop in Denver, Colorado. Not just small-time grower, Michael owns a 30,000 sq. ft. industrial property that he utilizes to grow cannabis for his business. The marijuana market is hot in Colorado and so is the cash flow with Mike making upwards of 45% ROI on his properties annually.

In this episode, Michael shares how he got started in the real estate business and how he jumped on the opportunity to begin marijuana cultivation. Mike talks about the numerous hurdles encountered along the way and how he stayed the course to become a success story in an industry where most fail.

Pro tip:

• Part of being successful is side-stepping "no" on a daily basis.

Thank you Michael for taking the time to share your expertise on building a real estate business around marijuana cultivation.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney Facebook: @JohnCarneyOnline Twitter: @John_M_Carney Instagram: @johnm_carney

© John Carney 2018

Meet John Victor, the real estate entrepreneur from Denver, Colorado. Starting out, John elected to go against the trend of apartments and turnkey houses and focus his attention on mobile home investments. He figured that fixing and flipping houses always looked so easy on TV, so the reality was bound to be different.

Despite the numerous obstacles that John encountered along the way, he was able to slowly and steadily scale one $5000 mobile home investment into five mobile home communities over eight years. Now John is focused on a new real estate venture called 'Big Door' - a garage-condo business loosely modeled after storage.

In this episode, John shares his success story about how he got started in the real estate game. He shares the reasons why he ventured into mobile home investments and why scaling this type of real estate business takes the right team. You will learn about his 2018 Big Door development and why it's a great investment.

Thank you John for taking the time to share your expertise on building a real estate business around mobile homes and developing Big Door.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

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© John Carney 2018

Scott Smith is an attorney, an avid MMA participant and founder of Royal Legal Solutions, a boutique law firm that specializes in real estate asset protection across the United States and Canada. What makes Royal Legal Solutions unique is that Scott is a real estate investor himself and knows exactly what every investor worries about when it comes to protecting their real estate assets and money. Before founding Royal Legal Solutions, Scott was known as an aggressive and ruthless litigator who never backed down. He draws on this past experience to protect his firm's clients and defend them should they encounter a lawsuit.

In this episode, Scott shares his wisdom regarding asset protection and how even newbie investors can get started protecting their assets and wealth. He explains the difference between insurance and Limited Liability Companies (LLCs), the type of LLCs avalible to real estate investors, and why a Texas LLC protects investors better than the LLC structures in other states. Scott shares specific scenarios that involve lawsuits and the result between an investor with an LLC and an investor whose assets are held in their personal name.

Thank you Scott for taking the time to share your knowledge on asset protection and LLCs with the Real Estate Locker Room audience.

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© John Carney 2018

This is the final 2017 episode of The Real Estate Locker Room Show. Host John Carney shares his short and sharp strategy for winding up 2017, taking a break and returning to kick off 2018 on full throttle.

John share his thoughts on focused action and how he differentiates between business and personal growth as he gears up for a new year to measure.

Thank you to all of the listeners and subscribers who made The Real Estate Locker Room Show a home run in 2017.

Stay tuned, John has plenty on action packed shows lined up for 2018.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney Facebook: @JohnCarneyOnline Twitter: @John_M_Carney Instagram: @johnm_carney

© John Carney 2017

Anthony Vacanti is a property rights attorney and represents real property owners and developers in zoning, eminent domain, land use and real property tax. He has experience working with clients and government entities to guarantee compliance with regards to local zoning and development regulations. Anthony also represents clients in all forms of real estate development and transactions such as the acquisition and sale of real estate, leasing, as well as complex real estate document drafting.

In this episode, Anthony shares his knowledge regarding the many ways you could save on taxes. He cites the areas where you might be paying too much, the red flags you have to watch out for, and the importance of challenging the value of your property. Anthony also explains how an Arm's Length transaction is defined and why a sudden price drop is not always a sign of a distress sale.

Thank you Anthony for taking the time to share your expertise on reducing tax consequences.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney Facebook: @JohnCarneyOnline Twitter: @John_M_Carney Instagram: @johnm_carney

© John Carney 2017

Tom Chase has over 30 years' experience in the financial services sector. Now he's part of the team at the Shoreway Realty Group, an elite firm that prioritizes you and your real estate goals. Their services include traditional brokerage, providing investment opportunities, as well as Shoreway Property Management and construction. Tom's responsibilities as part of the Shoreway Realty Group include financial analysis, investor relations and identifying client goals and risk tolerances. He also assists with strategic management and is in charge of marketing, communications, and project funding.

Tom is considered an expert in the Cleveland market. He says the city is currently experiencing a rise in valuations, citing the success of professional sports team as one of the main drives. The low cost of living and abundant cash flow opportunities are leading both new and veteran investors to Cleveland to either start or add to their portfolio.

Five Key Points:

1. Cleveland is a great cash flow market and is perfect for newbie investors as well as those looking to add to their portfolio.
2. We can't underestimate what successful sports team do for property values in any state or city.
3. Keep an eye out on properties with little equity, but only need some attention to turn into a great investment.
4. Knowing the tenants in your client's properties allows you to protect your assets.
5. Property management in any market, local or not, is where it all rests at the end of the day.

Thank you Tom for taking the time to share your expertise on financial analysis, the Cleveland real estate market and investor relations.

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© John Carney 2017

Vinney Chopra's passion has been real estate investing for more than 30 years. He's a commercial California Broker and an expert Multifamily Syndicator. Vinney is the Founder and CEO of Moneil Investment Group, LLC, a company that provides investment opportunities for qualified investors in the commercial real estate market, especially in the multi-family arena. Through his passion and belief in having a positive way of thinking, Vinney was given the nickname of Mr. Smiles.

Vinney has a $172 million multi-family portfolio, 26 syndications, up to 43% annual investor returns, and manages over 3,100 apartments. While his achievements are all like a dream come true, he was anything but rich when he arrived in the US more than 40 years ago, having only $7 in his pockets. The odds were stacked against him, but he knew there was an opportunity to be successful in this country. That vision for success served as his inspiration to learn and work hard for his dreams.

Thank you Vinney for taking the time to share your expertise on multifamily syndication with us.

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© John Carney 2017

Amy Wan is the Founder & CEO of Bootstrap Legal, a business that automates the drafting of legal paperwork for real estate private equity, syndication, and crowdfunding deals. Prior to founding Bootstrap Legal, Amy was a partner at Crowdfunding Lawyers and General Counsel at Patch of Land a real estate marketplace lending and crowdfunding platform. Amy was also named one of the Top 10 Women to watch in Legal Tech by the American Bar Association Journal and was nominated for Corporate Counsel of the Year Award by LA Business Journal.

Amy founded Bootstrap Legal as a means to fill the gap in accessibility to legal services. Her company aims to make it more affordable for aspiring entrepreneurs who don't have a trust fund or roll with the rich crowd to prepare the necessary paperwork. Their services apply artificial intelligence to the drafting of legal documents for those looking to raise capital - especially those looking to get into real estate.

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© John Carney 2017

Mark Podolsky is known as the Land Geek, a title he's earned for focusing his business on raw land investing. He's been in the business for over 16 years and has completed over 5,000 land deals with an amazing average ROI of 300% on cash flips, and more than 1000% on deals sold with financing terms. This is quite the achievement if you consider the first deal he made in 2001 was worth only $3000.

Mark says his reason for getting into investing was to simply escape the rat race. Prior to his current business, he was trapped in a state of "no work, no pay" status. Top that with high amounts of stress and not having enough "me" time, Mark knew he had to find a way out fast. Now Mark barely works 5 hours a week, and has created his business in such a way that not only is it mostly automated, but also manned by a great team with the same vision he possesses.

Thank you Mark for taking the time to share your expertise on raw land investing with us.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

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© John Carney 2017