The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded. He has been featured by Entrepreneur, Inc, and Forbes.

Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States. We help investors obtain capital to purchase real estate.

Something that you have recently thought about “burning your cash” on for time savings or an improvement in quality of life.

Several forms of automation, most recently an automated system for billing recovery.

www.creditsuite.com, [email protected], 877-600-2487

Business credit does not use personal credit

Uses your Business EIN

1) Set up a business, website, physical address, land line

2) Get setup with reporting agency - write to reporting agency to see if you have an existing report

3) Get credit cards using EIN (Do not use Social Security Number)

4) Get Uline, Quill, Grainger, Seaton, Gimler, etc accounts

5) After 5 accounts get Home Depot, Lowes, Cash Credit Cards, Amazon, Sears

6) After 10 accounts get VIsa or Mastercard accounts

creditsuite.com/reports

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Ace buys and sells internet businesses. He had done over 40 deals

1) How much simple passive Cashflow are you making today and how are you doing it?

I have a portfolio of over 30 internet businesses that create income.

2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Did you "burn the boats" or did you let it happen naturally - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?

My moment was definitely burning the boats. I quit college which basically meant that I was not going of have the normal 9-5 corporate life and set on the path towards entrepreneurship evers since.

3) Worst life/business moment and what did you do after? Lesson learned?

Losing my first business after having seven figure offers that I turned down.

4) Current 2-week experiment and 6-month project? (90-180 day goal). A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.

● Current 2-week experiment - taking three breaks a day for meditation

● 6 month project - building a life where I live in both Atlanta and Miami

5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on.

● Ideal day - Exactly what I’m doing right now. I love what I do. I don’t have to do it but it’s my passion.

● Projects - Buying and selling businesses. Helping people avoid the risk and headaches of starting a business and show them how to buy one instead.

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.

Jet membership

7) Something that you changed your mind on? Our ego often gets in the way of greatness.

In negotiating deals, sometimes you end up fighting with seller’s egos instead of logic. There have definitely been deals that I have walked away from because I didn’t want to deal with the seller’s ego.

8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.

a) What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual?

● My secret hack is avoid what everybody else is doing. The greatest opportunity is always found where the fewest people are looking.

● Morning Ritual - To start the day with as much positive energy and emotions as possible.

b) What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?

● I joined a Big Brother mentoring program.

8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?

● Instagram - ace.chapman

● Twitter - acechapman

● Youtube - Ace Chapman

● Facebook - Ace Chapman

● Website - www.acechapman.com

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Mark is founder of Luxmana Investments, which focuses on residential and multifamily investments. Mark quit his corporate job and is now a multifamily investor.

1) How much simple passive Cashflow are you making today and how are you doing it?

(You don't need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, make 25% of my expenses, over $10k, although people like when people open up the kimono):

My passive income is more than 200% of my expenses. I have a portfolio of 22 SFR’s in Denver, Colorado, and a 64-unit apartment complex in Dallas, Texas. I also have a small equity position is another 96-units in Dallas, TX, but I am not the managing member of that.

2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change:

I met a general contractor in 2010, and we decided to do a couple residential development deals together. Through that relationship I was introduced to several people who were instrumental in me taking the next steps to build my passive income portfolio from there. Combine this with the fact that I was becoming increasingly frustrated with the corporate world, and that drove me to become even more focused on escaping the rat race.

3) Did you "burn the boats" or did you let it happen naturally? Was there an internal (you decided to make a change on your own – what was thought process?) or an external trigger (ie got fired from your job)?

I decided to make the change on my own, as I desired financial freedom and to spend more time with my family. The external factor of becoming frustrated with the corporate world was not the primary driver, but it did add to my motivation.

4) What was your worst life/business moment and what did you do after? Lesson learned?

In the 2005/2006 timeframe, I moved forward on a real estate opportunity which turned out to be fraud. I can certainly elaborate on this, but long story short: I testified to the Grand Jury to help get this indictment, and I was the second person they put on the stand at the official trial. The offender received a 130+ year prison sentence, which was the largest sentence ever given in the State of Colorado at the time for fraud. I learned about the importance of “trust, but verify.”

5) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.

My top two goals in 2017 are around family and health. If I can find and do one 50+ unit multifamily deal in 2017, that will be icing on the cake.

6) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on.

Simple passive cashflow number is $20K/month. If I had $40K/month, it’s full retirement in Central America. It would be lots of days in the sun with my wife and daughter, plus exploring this region of the world. We would, of course home school our daughter.

7) Something that you have recently thought about “burning your cash” on for time savings or an improvement in quantity of life.

Tesla P100D – so incredibly impractical, but really cool.

8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.

a) What is your secret/hack for the "Science of Achievement?" Any secret habits to share?

Never stop learning. Learning leads to action, and action leads to success.

b) What is your secret/hack for the "Art of Fulfillment?". How you do contribute back?

There should always be a reason other than money for why you do anything. For example, I didn’t build a passive income portfolio because I wanted to buy a fancy car, bigger house or a Tesla. I did it because I wanted to be financially free so I could spend more time with my family and positively impact other people. So, I contribute back by giving people a great place to live, but I am also able to give more of my time (e.g. Salvation Army, etc).

9) Anything we missed and contact info if you would like anyone to get a hold of you. URL?

I would like to give the listeners a free gift as a thank you for listening: 10 “Not So Obvious” Ways to Boost Your Multifamily Property NOI. You can get it at: http://www.luxmana.com/simplepassivecashflow 

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

We are the hard working W2 employees who followed the competitive linear path. We were groomed to be employees/pawns not businessmen or investors who build passive streams of income/cash flow and value for others - and to the gain of a greedy for profit company.

Our path started by being a high performer in elementary school and high school. We were told to study hard, do extracurricular activities, get high SAT scores and GPAs in order to be admitted into a top college. At college, while other peers were playing frisbee in the Quad, we grinded it out to get a professional college degree that was “worth something”. By now the linear path was so ingrained in us that we went to the well again for higher level degrees and specializations. If that weren't enough, we were faced with final professional tests to become certified at our jobs and faced the rigours of junior level employment... all as we further delayed gratification for our efforts. Let's not even talk about the student loans... we still balanced our monthly budgets like good boys and girls. (If you can't manage your personal finances then do not read on... money only magnifies your personal tendencies, good or bad)

Today, for some of us, we truly enjoy the profession we set out to achieve decades ago. Others are left unfulfilled and enslaved by the "golden handcuffs" where we find ourselves still running in the hamster wheel... just a bigger hamster. The dogma of the Wall Street “buy and pray” method just is not going to achieve our goals. We had the big house/nice car but along with that came the monthly payments that created this financial incarnation. In the end it was not about the money but freedom.

Real estate built on a foundation of cashflow is the quickest and most conservative way to build lasting wealth. "Wealth" is not necessarily how much money you have but it is defined as 'how long' you can live off your passive streams of income with your level of expenses if you stopped working. This can be achieved by two ways:

1) Increasing your passive income or

2) Decreasing your expenses

The SimplePassiveCashflow.com way is focus your finite energy on building passive streams of income rather than once again delaying gratification to decrease your expenses.

The "True Meaning of Wealth" is having the freedom to do what you want...with when you want to do it. Building cashflow via Real Estate is the 'Simple' part of it... finding happiness and fulfillment after you are free from the W2 day job and other obligations... that's the difficult part.

Work with people that make it fun and ‘play’ along the journey. There is always going to be the next deal and the next plateau. You are always going to be thinking “I will be happy when I have…” so enjoy the ride and in the end, leave everyone and everything better than you found it.

#GoodProblem2Have #PayItForward #the4% #Value-Add #Add-Value

• Study hard

• Go to college and get a good job

• Save your money

• Live below your means

• Anti millionaire next door

• Get it by earning more not cutting back

• Play offense not defense

• Diversify your investment

• Get out of debt

• Retire at 65-70 and live off nest egg

• Good time/market/economy -excuses

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Brad Baldridge is a late-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans. Over the past 10 years Brad has directly helped hundreds of families plan and pay for college. He has provided in-depth college plans resulting in increased financial aid, scholarships, identification of the right schools at the right price, and better loans.

• Coverdell has low contribution limits (2k per year) but the good thing is that it can be used for a wider range of education expenses

• 529 is State sponsored and some states have special breaks based on where you live

• Do the Coverdell first and then the 529 in most cases

• Tuition, fees, computer, room and board, prescribed supplies, and groceries. Up to the cost of what the dorm would be. Sorry no beer

• Need to start before high school or even when a toddler

• You can transfer it to another brother or sister

• Its rare to have too much money in a 529

• Consider making a higher rate of return outside a 529

• A 529 has a menu of choices just like the 401k

• Show that you own nothing so that you don't make to much money to qualify for financial aid

• The net value is what is important for financial aid

• The look back is two years (prior prior year) but this changes from time to time

• What about putting funds back in the grandparents generation? Gifts from grandparents are reported by income. So time it for the last year of college.

• Can't use trusts to hide the asset, but can use irrevocable trusts

• There are tax credits but check your taxable income so you don't phase out

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company Frontier Equity Properties, LLC is an A+ rated BBB real estate company.

Topics that are covered in this episode:

• Go on Treasury List to see who owns back taxes

• Unsophisticated come into ownership of raw land

• Buy it at 20-30% value, ensure so encumbrances

• The neighbor's are the first people to buy if not maybe they want to sell theirs and now you have a larger tract

• Use Facebook and craigslist

• Use owner financing

• 3-5% response rate of offers

• All counties are different on how you get land listings

• Use gegolook.com or use craigslist or what three words app

• Facebook buy and sell groups

• Use special warranty deed and full warranty deed

• Blinkist

• Stop being an optimizer once you have your simple passive cashflow number 

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Hey guys I’m about to get naked here… I am personally making a shift in my portfolio to MFH syndications and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)

I have selected a few potential turnkey rental sellers, however, I wanted to leverage my network and see if we can cut the broker commissions out of it. I’ll give you details on how you can get the P&L for the past few years on every property but first...A few PSAs.

1. National Save for Retirement Week: October 15 – 21, 2017
2. Scam emails to get information from more and more wholesalers
3. Insurance want 5% deductible

My story - bought a couple of rentals in Seattle and 1031 exchange those to 10 SFH essentially turnkey rentals out of state in Atlanta, Birmingham, Indianapolis.

The other day I asked the question on BP… did not get much of a response since BP is a platform for newbies or active investors who flip or wholesale homes. SPC is a platform with secret Facebook groups of profession W2 employees with some cash and little time on their hands.

https://www.biggerpockets.com/forums/223/topics/481347-crossover-point-for-turnkey-rentals-vs-syndication-as-a-passive

As I talked a few podcasts ago of a 10k repair, and multiple other headaches, my attitude for these SFHs are changing. Its kind of funny talking to the many of you that are setting up calls to get on the Hui Deal Pipeline Club to getting sent the deals I come across:

https://simplepassivecashflow.activehosted.com/f/3

Please go through the first 20 podcasts in early 2016 and love the story of this SFH buyer but then they are like WTF you are turning on us like a villain going to MFH.

"Find me an investor who has 50 SFHs and I will show you an investor who was invested under a rock and stoned himself to death with said rock" -Archimedes

After over a few hundred investor consultants over the past couple years here is what I tell W2 employees. For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool... but just remember why we got into this... To be free from a JOB. Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard working efforts of the middle class.

The straw that broke the camels back...

One of my Atlanta properties went over a changeover, tenant went MIA, went through process to evict - always start the time clock. Armed sheriff had to go and remove items on the street, dead cats were found, $5000 just to remove items, concern over the property could have been condemned. I got Proserve out of Atlanta to go in with radiation suits to clean it up, got a bill for $27K, wtf, some of the scope items were a little ridiculous like 500 dollars for gutters, 5000 for paint, and siding etc. I had them re-estimate it to give me the "dude I'm not a rich idiot price and got it lowered to 20K.

There is no such thing as turnkey. Check out these disaster photos… https://photos.app.goo.gl/R4PZLuOLGHONO5Rl2

Tony Robbins says “Things don't happen to you but for you.”

This was a sign from above which many of you guys hear from me that I sort of believe in. I was already mentally making the shift to making the move. Going down the quote from the repair company it was clear that a lot of the scope items were a bit excessive and the pricing was inflated. This was to be expected, for example paint on rooms that did not really need painting for $5000 or new gutters cleaning for $500.

If you want to see this document. Please leave me an iTunes review or send me an email referral to a friend and i'll send it over. [email protected]

Stages of trauma… denial, anger, sadness, motivation.

What I know now I am able to now only make a high yield but a fraction of the effort. None of this screwing around sending docs to my lender in the evenings for a couple months to get one dinky SFH to cash flow a couple hundred dollars a month then do it all over again 20-50 times… then to have it all taken away with a large capex or turnover repair.

Tony Robbins says “You destiny is shaped in your decisions.”

We waste so much time making decisions. A lot of people myself included get shiny object syndrome when really its an excuse.

This was my hero moment or burning of the boats moment to leave the security of a few thousand of passive cashflow a month to go liquid for a while. Hopefully Amazon will announce that Atlanta will be the new second HQ on their quest for world domination.

One drawback about selling is about repaying a lot of depreciation recapture and capital gains going back all the way from 2009. As you remember I traded my two Seattle properties for the majority of these rentals via a 1031 exchange. This is why I am not a fan of a 1031 exchange no matter what you hear on a surface level on other podcasts. Another reason to keep listening and please do me a favor and share it with friends because we go deep on this stuff because I’m learning everyday. I’ll repeat I don’t like 1031 exchanges because many of us are going to graduate in large syndications and that is not a like kind exchange. Executing a 1031 most likely means you are going into a lukewarm deal and lose all your negotiation power as a buyer. But i'll expand on this at a later date.

Picture of my back of envelope tax hit

I want to be very clear… If you are not an accredited investor, sophisticated, or have a large sum of liquify... single family homes is the starting point for you. Too many call me with lofty goals and have list of pro’s/con’s of MFH vs SFH, but you need to know the basics before you screw up the big stuff. You have to pay your dues. Set that barrier to entry lower because most people won’t do anything.

That said for a limited time I invite you listeners to make offers on my portfolio of SFHs “Lane’s Pac-10”. List price is 1.2M right about 1% Rent-to-Value Ratio (More info -http://simplepassivecashflow.com/podcast-3-rent-to-value-ratio/). Will need you to make sure you sign up for my Hui Deal Pipeline Club:

https://simplepassivecashflow.activehosted.com/f/3

I figure it was only fair if I showed you my naked photos… I mean P&Ls that you take a few minutes to complete a form with your investor profile on.

And if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late payments, repairs, cap ex across all my properties please leave me an iTunes review or send me an email referral to a friend and i'll send it over.[email protected]

Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Christian Knight gives us his 4 techniques on how to control fear:

1) Embrace the fear - removes complacency

2) Manage your fear - Visualize

3) Practice it and get experience

4) Eyes on the prize

Don't just die like a salmon. Do something meaningful. Take action and step out!

- Jason Statham

Remember why we are doing it. The "new rat race" is what the entrepreneur often finds themselves in where they have escaped the W2 job but have created an active business for themselves.

- Jason Statham

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Former aerospace engineer who became passionate about real estate investing, built up a rental portfolio, and has now moved into syndicating larger multifamily deals. She works with a great group of investors helping people move their money out of the stock market and into physical assets - real estate.

She lives in Colorado with her husband Alex, their 2-year old son Landon and enjoy the outdoors and activities like skiing, tennis, and biking.

Some dialogue from the show:

1) How much simple passive Cashflow are you making today and how are you doing it?:

My husband and I are making about $6-7k/month in passive cash flow from our 10 properties (22 units).

2) What is your Han Solo moment? Describe the resistance that was the catalyst for change:

For me, the main factor was knowing I didn’t want to stay in my then-current career path for the rest of my life. I had already been a student of real estate for several years, but finally I knew that if I didn’t want to be tied to an unfulfilling job for the rest of my life. I had to take action and starting building passive cash flow to support my lifestyle. For me the combination of desire + education = action.

3)Did you "burn the boats" or did you let it happen naturally? - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?:

One thing that I’m incredibly grateful for is having a like-minded husband who I can brainstorm with. We both knew we wanted to build income from real estate, but we weren’t sure how we wanted to do it at first. Things happened fairly naturally, but it was a bit of a journey getting to where we are now. Our first “investment” as a married couple was a house we decided to fix up and sell. That was a major learning experience, and the biggest thing we learned was that we didn’t want to be house flippers! After putting tons of sweat equity in the deal (even though we had a general contractor), we made less than $10k of profit on the deal. If we had kept it as a rental for just an extra year, we would have made $40k more from appreciation. Today, 5 years later, that house is worth nearly double what we sold if for after fixing it up. After that experience, we saw buy and hold real estate as the tried and true method of building wealth relatively passively, so we set the goal to buy 2 properties (2-4 units) per year and for the most part have stuck to that plan, and it’s worked out well.

4) Worst life/business moment what did you do after? Lesson learned?:

I’ll have to go back my previous example with the house flip. The main lessons I learned were not to use the same contractor as your house-flipping realtor since it creates a major conflict of interest, and also that you can make more income in a less stressful way by owning cash-flowing rental properties. I also learned that strong contracts can make all the difference in a sticky situation.

5) Current 2-week experiment and 6-month project? (90-180 day goal):

A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking. My current 2-week experiment is to get my son to eat his vegetables! Just kidding, in reality my next big 2 week goal is closing on our 100 unit apartment syndication. My 6-month project is get the repositioning of the apartment community well under way and get into a good business rhythm. We’re going to do a major remodelling project on the unit interiors and improve the property overall by adding covered parking, backyards, and a spruced-up office. Maybe in 6 months we’ll even have another property under contract by then!

6) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on:

My current simple passive cashflow number is $6-7k/month. My goal is $12k/month. Twice that amount would open up new opportunities. My ideal day would involve some sort of time outside, exercise, a good cup of coffee, involvement with friends and community, self-development like reading books, and plenty of time with my husband and son. We’d go on quarterly vacations and also monthly mini-vacations hiking and camping near our home. I also would probably keep working on real estate!

7) Something that you have recently done or thought about “burning your cash” on for time savings or an improvement in quality of life:

Right now I’ve been focused on using my cash to buy great real estate investments. If I had to splurge on something, it probably would be a new car. My 2004 Saturn is starting to show age! Typically though, I’ve mostly spent my extra cash on things like vacations where the memories will last far longer than some new gadget.

8) Something that you changed your mind on?

Our ego often gets in the way of greatness. One lesson I’ve learned over the years is that sometimes, it’s okay not to have the nicest property on the block. Especially when it comes to rental property. There are plenty of people out there who need a safe, clean, functional place to live. We also have Section 8 tenants at some of our properties, and while I was very apprehensive about it at first, there are definite advantages. Also, these types of properties typically provide much better cash flow than the newer “Class A” buildings out there.

9) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear:

a) What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual?:

I think the “Science of Achievement” for me can be summed up in one word - Perseverance. For me, I think I’ve been successful because I refuse to give up. Whether it was a tough homework assignment, a seemingly impossible-to-meet deadline, or navigating my first real estate deal, I found that if I kept at it long enough, the impossible became possible.

b) What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?:

For me, the most fulfilling parts of the day is the time I spend with my husband and our 2-year-old son. I’m fulfilled by having a multi-dimensional life where I love working on my business and real estate, I love exploring the Colorado outdoors, and I love spending lots of time with my family.

10) Anything we missed and contact info if you would like anyone to get a hold of you. URL?

You can reach me at www.regencyinvestmentgroup.com through the Contact form, or just email me at [email protected].

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.

Topics that are covered in this episode:

• Uses infinite banking to create cashflow and make investments
• Purchased first property in South Africa in 2001
• USA leads in creative deals
• Started with an informal mentorship for them
• Infinite banking is what wealth Family Offices use
• Sick, alone, broke in 2011 - the person that is responsible is you
• Get up in the morning and start moving
• What you value is not what someone else values
• Abundance/Scarcity Mindset
• Is this your highest and best value... if not table it or have someone else do it
• Document the processes to outcource things
• A home gym would cut down on time traveling
• I am not entitled to anything
• Figure out what takes your time and write down a process to outsource
• Email Lane if you have questions about infinite banking
• Self reflect and fIgure out what you are good at

Check out my Free Resources Below:

1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!

More info: www.SimplePassiveCashflow.com/fund

2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club

3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube

4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane

5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.

6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email [email protected] if you want to try them out.

More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k

7) Please leave a review for the podcast!

8) Coaching Program to get you to your first rental in 90 days!

9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:

10) Summary of every Simple Passive Cashflow Podcast

Hosted on Acast. See acast.com/privacy for more information.