What would you do if the condo you purchased for $150,000 was suddenly worth $100,000 and you had to move for work? My guest today, Derek Clifford, and his wife found themselves in this unenviable situation. Instead of selling their condo at a loss, they decided to turn it into a rental. This investment property provided very little cash-flow over the following years, but they eventually sold it about 8 years later for a $120,000 profit! They took this money, used a 1031 exchange, and purchased a handful of SF homes in the Midwest that cash-flowed extremely well! 

Derek has since transitioned into MF investing and has truly figured out how to build systems and processes to allow him and his wife to continue building their portfolio while they both work full-time. If you would like to follow in Derek's footsteps, check out his great new book: Amazon.com: Part-time Real Estate Investing for Full-Time Professionals: Upgrade your mindset, portfolio and finances in less than a year while working eBook: Clifford, Derek: Kindle Store and check out he and his wife's great podcast: Elevate Your Equity Podcast - YouTube

Book Recommendation: Part-time Real Estate Investing for the Full-time Professional by Derek Clifford

Prayer Request: Issues with infertility- pray that Derek and Sophie would be blessed with a child!

Connect with Derek: Website: Elevate Equity | Leveling up your equity!, LinkedIn: Derek Clifford, MBE, PMP | LinkedIn, Phone: 925-307-6265

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

In 2017, a hard-working family man, Whitney Sewell, with a background in military, law enforcement, and yes – horse training, went all-in on a dream that had been building for quite a while. Life Bridge Capital, LLC. was founded out of a love for structure and discipline, a unique interest in real estate, and a desire to help others create passive income that would support and bless their families. Whitney began working with accredited investors to help them improve their investment returns via the exceptional opportunities that multifamily syndication offers.

After Whitney and his wife adopted the first 2 of their 3 beautiful adopted children, he unearthed an even deeper why – a way that he could use Life Bridge Capital to not just operate as a business, but to bless those in need. They pledged to give 50% of their profits to orphans and their adoptive families, and continue to do so to this day.

Book Recommendations: The Miracle Morning by Hal Elrod

Event Recommendation: Radical Secret Church

Prayer Request: Whitney asks that we pray that he and his wife would be strategic and good stewards, especially with their foundation. He also asks for prayer for wisdom. 

Connect with Whitney: Website: Home - Life Bridge Capital, Email: [email protected], Phone: 540-585-4338

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

On today's Threefold Real Estate Investing • A podcast on Anchor episode, we talk with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through house-hacking small multifamily properties. 

Check out Bryce's newly released book detailing his incredible journey: House Hacker's Guide to the Galaxy: Use Your Home To Make Millions and Retire Early: Stewart, Bryce, Chambers, Katie: 9781736344217: Amazon.com: Books

Bryce remembers the day he realized he needed to make a major change in his life. It was the day his wife found out she was pregnant with their second child. While Bryce and his wife were thrilled to be blessed with another child, they knew this meant she would have to quit her job and they would have to rely solely on Bryce's teacher salary. Bryce knew he wasn't going to be able to provide for his family unless he increased his income. This is when he remembered talking to a coworker years earlier about the power of house-hacking. 

Bryce had very little money and no experience with real estate investing. So, he took out a small loan from a family member and purchased a duplex with an FHA loan. He moved out of this duplex a couple years later and purchased a triplex right next door with another FHA loan. House-hacking apartments was not easy for Bryce's family. At one point they were living in a 2-bed apartment with 3 kids! But, the sacrifices they made produced the life of their dreams. Today, Bryce owns and manages 30+ units that bring in >$13,000 per month. He and his wife do not have W2 jobs. Instead, they are able to design their life on their own terms as they manage their MF portfolio. 

Book Recommendation: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Paperback - by Michael Gerber

Prayer Request: Young Life- Bryce is the chairman of the board for this great youth ministry. Covid has been difficult for this ministry, so they could use prayers for continued funding and continued engagement from local high schoolers.

Connect with Bryce: Website: About Bryce Stewart — Bryce Stewart, YouTube: Bryce Stewart - YouTube

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

My guest today, Drew Kenning, is focused on finding off-market multifamily deals. Drew's focus is not uncommon. Finding off-market deals is what most investors long for these days. What is different is Drew's approach. His team is highly sophisticated and is able to gather incredible data. He shares great techniques that you can implement to find off-market deals for you and your team. Join me today as we learn from Drew!

Book Recommendation: Zero To One by Peter Thiel

Prayer Request: pray for tenants in their buildings who are facing economic hardship. 

Connect with Drew: Website: MANOR STRAITS | Team Email: [email protected] , LinkedIn: Drew Kenning | LinkedIn

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

Instead of building a career in the corporate world, my guest today, Axel Ragnarsson pursued multifamily real estate investing at a very young age. He hustled and networked as much as he could.... and he experienced a lot of success. Axel built a four-million-dollar portfolio by the age of 25! 

In today’s episode, we hear from Axel about how he got into the multi-family real estate investment business, how he accumulated the financing in order to get started, the importance and function of networking and establishing in-depth relationships with people in the business, and how Axel creates content as a part of his business plan. He also shares with us some useful tips in meeting new investors, the most difficult aspect of his journey, and much more. 

Axel is the host of the Multi-Family Wealth podcast, ‎The Multifamily Wealth Podcast on Apple Podcasts, and founder of the real estate investment firm, Brickleaf Properties.

Book Recommendation: The Book on Negotiating Real Estate by J Scott, Mark Ferguson, Carol Scott

Prayer Requests: For everyone to stay healthy and gainfully employed.

Connect with Axel: Email: [email protected], LinkedIn: Axel Ragnarsson | LinkedIn

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

My guest today, Austin Linney, has had a wild ride on his journey to real estate success to say the least. He is very open about his past addictions and poor life choices. He hit rock bottom when he was kicked out of his parents house and forced to live under his friends staircase. And this was only one of his rock-bottoms! However, through it all, he maintained his strong work ethic and determination to do more with his life. Eventually, he dealt with some of his deep-seeded emotions and got honest about what he wanted in his life. He also improved the people he spent time with and allowed to fill his head with ideas. 

Today Austin is nearly financially independent through his real estate investments. He hosts a great podcast, ‎Construct Your Life With Austin Linney on Apple Podcasts, and coaches students longing to better construct their lives, many whom have struggled with addictions themselves. Austin is such an inspiration to me and is inspiring his coaching students, his podcast listens, and his followers all over the world. 

Book recommendation: Escape the Rat Race by Robert Kiyosaki

Prayer requests: Austin asks us to pray for people with addictions as they are often really struggling this time of year. He also asks us to take extra time with our kids and all those we come into contact with.

Connect with Dave: Email: Website: Home - Construct Your Life Podcast | Austin Linney

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

My guest today is someone who had a big dream (moving his family onto a sailboat and traveling the world for 10 years), worked very hard, executed a plan, and achieved that dream. 

Dave Foster started by purchasing a duplex in his hometown of Denver, Co. He flipped this property and made a great profit. That was until the IRS took their share- 40% of the proceeds. He realized that this strategy would not allow he and his wife to realize their dream. Then, he learned about the 1031 exchange. He immediately changed his investing strategy.

Dave got to work building a portfolio in Denver. Then, he sold his entire portfolio, and using the 1031 exchange built a new portfolio in his new hometown in Connecticut. He was able to use a large amount of tax-deferred gains to significantly grow his portfolio. He also used the 121 Homestead Exemption when he sold his home so that he paid no taxes on the profit. 

Dave repeated this process once more as he moved from Connecticut to Florid. Then... Dave moved his family onto a sailboat and lived out his dream for 10 sweet years with his young kids. 

Dave's favorite quote: Twenty years from now you will be more disappointed by the things you didn't do than the ones you did. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.  -Mark Twain

Book Recommendation: Proverbs by Solomon, What Ever Happened to Penny Candy by Richard Maybury

Prayer Request: That we can all be the hands and feet of Jesus and love others.

Connect with Dave: Email: Website: Keep your tax dollars working for you with a 1031 Exchange (the1031investor.com)

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

Julie Holly grew up riding the waves of real estate. Yes, family gatherings did involve industry conversations. She began her career as a public school teacher at the age of 22 and left the security of that occupation for residential real estate four years later. She managed the family’s residential rentals with zero delinquency and damage which she attributes to prayer and the power of good relationships with tenants.

After feeling like the real estate market was topping, Julie and her husband decided to sell their SF portfolio. They sat on their profits until Julie discovered apartment syndication. She knew immediately that she was best suited for this asset class. She immersed herself and consumed as much education material as she could. She has created a fantastic network of like-minded investors and started a fun, informative podcast, Ask Me How I know. 

Julie has worked hard to purchase her first apartment building, but she's also staying true to her metrics and remaining patient. Above all, Julie is focused on following Christ and pursuing God's plan for her and her family!

Book Recommendations: High Performance Habits by Brendon Burchard, The Jesus Storybook Bible by Sally Lloyd-Jones

Prayer Request: Julie would like prayer for wisdom in order to navigate this difficult time. 

Connect with Julie: Email: LinkedIn: Julie Holly | LinkedIn, ‎Ask Me How I Know: Multifamily Investor Stories of Struggle to Success on Apple Podcasts

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Phone: 937-400-3044

My guest today has been husting as a broker in Cincinnati and Dayton Ohio for 20+ years. He has established a network of apartment investors ready to buy and sell property. Apartment owners often ask him to sell their properties off market, and many multifamily buyers look forward to his frequent emails containing all of his off-market properties. He's the kind of guy you need to know in your market. 

Join me as JJ Harrison explains what you can do in today's hot market to find a good deal and also ensure you are ready to act when that time comes. 

Connect with JJ: Email: [email protected], LinkedIn: www.linkedin.com/in/j-j-harrison-813b07179/

Connect with Lee: Website: threefoldrei.com, Email: [email protected], Phone: 937-400-3044

Josh Plave is the founder of Wall to Main and a full-time multifamily investor. Investing with his family, they hold a portfolio of over 700 units across three markets.

Josh's experience in retirement accounts began at 16, when he opened his first Roth IRA and began trading equities.

Since then, after the unfortunate passing of his grandfather and mother, he was left with multiple Inherited IRAs. Through careful research and structuring, Josh has been able to further the legacy of prior generations and accelerate the growth of his family's capital. He considered many asset classes and settled on multifamily real estate investing. 

Book Recommendations: Multi Family Millions by Dave Lindahl, The Blue Ocean Strategy by W. Chan Kim and Renée A. Mauborgne

Prayer Requests: Josh is moving his family across the county and he and his wife are expecting their first child!

Connect with Josh: Website: www.walltomain.com, 

Connect with Lee: Website: threefoldrei.com, Email: [email protected], Phone: 937-400-3044