Winning Wealth

Geoff quit his $400K per year sales job last week to go all-in as an entrepreneur. In this episode, he shares why he made this bold move and the steps he took to make it happen. Discover the challenges and insights of transitioning from a high-paying corporate career to the unpredictable world of entrepreneurship and what we recommend to others who are considering making the jump.

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KEY TAKEAWAYS:

1. Transition Requires Strategic Planning: Geoff's transition from a high-paying corporate job to full-time real estate entrepreneur was not sudden. It involved strategic planning, gradual investment in real estate, and building a safety net.

2. Importance of Continuous Education: Geoff emphasized the significance of self-education, from reading sales and real estate books to listening to podcasts. Continuous learning played a crucial role in his successful transition.

3. Leveraging Corporate Skills: Skills and experiences gained in the corporate world, such as sales techniques and negotiation strategies, can be highly valuable in entrepreneurial endeavors.

4. Financial Security and Risk Management: Creating multiple income streams, like real estate investments, provides a financial safety net and mitigates risks associated with relying on a single source of income.

5. Personal and Professional Growth: The journey of becoming an entrepreneur involves personal growth, from learning to manage time effectively to handling multiple responsibilities and priorities.

6. Timing and Gut Feel: The decision to leave a corporate job for entrepreneurship is multifaceted and often driven by both logical analysis and gut feelings about the right timing.

7. Building a Strong Network: Networking with mentors and partners, like Adam McCarthy in Geoff's case, is essential for guidance, support, and opportunities in the entrepreneurial journey.

8. Calculated Risks and Freedom: Taking calculated risks is necessary for achieving greater freedom and control over one’s career and personal life.

9. Passion and Fulfillment: Pursuing a career that aligns with one’s passion, as Geoff did with real estate, leads to greater fulfillment and long-term success.

10. Vision for the Future: Having a clear vision and ambitious goals, such as launching a real estate fund, is critical for sustaining motivation and driving business growth.

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Timestamps:
0:00 - Introduction
1:00 - Mindset Coming Out Of College
3:28 - Working A Sales Job
10:34 - Finding The Entrepreneurial Path
14:10 - Juggling The W2 Job and The Side Hustle
18:16 - When Do You Make The Side Hustle The Main Hustle?
23:49 - Beware Of The Golden Handcuffs
27:23 - Should You Just Burn The Boats And Go All-In?
29:09 - The Biggest Differences About Entrepreneurship
33:55 - Biggest Takeaway From A Corporate Career
35:52 - What's Next For Geoff

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Discover why top investors are now pouring millions into Class B industrial real estate—don’t miss out on the next big opportunity in the market!

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⬇️ The 10 Reasons We Are Going All-In On Class B Industrial ⬇️

1. Historical Performance and Stability: Over the last 20 years, industrial real estate has consistently demonstrated strong total returns, high rent growth, and robust occupancy rates compared to other real estate asset classes like office, retail, and multifamily.

2. COVID-19 Acceleration and E-Commerce Growth: The pandemic highlighted and accelerated the need for more industrial space due to the surge in e-commerce. This trend has increased demand for warehouses and distribution centers.

3. Technological Advances and Supply Chain Shifts: Advances in technology and ongoing supply chain adjustments, including the adoption of robotics, are transforming the industrial sector, making it more critical than ever.

4. Reshoring of Manufacturing: Legislative incentives and global supply chain disruptions have led to a reshoring of manufacturing to the United States, boosting demand for industrial spaces close to major markets.

5. Long-Term, Triple-Net Leases: These leases offer predictable cash flow and reduced operational costs for landlords, as tenants are responsible for most property expenses.

6. Value-Add Potential: Class B properties often present more opportunities for value addition and yield improvement compared to newer, Class A properties.

7. Sticky Tenant Base: Tenants in Class B industrial spaces are less likely to relocate due to the nature of their operations, ensuring stable tenancy compared to other real estate classes.

8. Last Mile and Infill Locations: Class B properties are often well-situated relative to urban centers, making them ideal for last-mile logistics crucial for quick delivery systems.

9. Cost Advantage: Class B industrial spaces generally offer more competitive pricing for tenants and buyers alike, making them an attractive investment relative to the cost of new construction.

10. Supply Constraints in Desired Sizes: There's a limited supply of mid-sized industrial facilities (20,000 to 150,000 square feet), which are in demand but not being built currently, leading to higher rents and occupancy rates in these size ranges.

See our full investment thesis here

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Timestamps:
0:00 - Introduction
1:18 - Our Plan For The Next Year
2:20 - Industrial vs. The Other Asset Classes
5:15  - The Four Major Macro-Economic Trends Supporting Industrial
12:01 - The Three Things We Are Looking For In Our Deals
12:44 - The Four Reasons We Are So Bullish On Class B Industrial
18:25 - The Deal Size and Market Types We Are Targeting and Why
25:00 - Our Buy Box
27:31 - Summary

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Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee.  He is the co-founder of Jake & Gino, the premier multifamily real estate education community focused on results & founded on values & the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right®

As a creator of the multifamily investing framework, Wheelbarrow Profits, Jake is a leading expert on investing in and management of the multifamily space and currently controls over $350,000,000 in assets under management. In this detailed discussion, Jake shares his invaluable blueprint for success that has helped him and many others thrive in the real estate market.

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Jake and Gino Website

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Key Highlights:

- Multifamily Real Estate Investing Strategies: Learn from Jake’s extensive experience on how to buy, manage, and finance properties effectively.
- Building a Real Estate Investment Portfolio: Discover the steps to scaling and managing a lucrative real estate portfolio.
- Real Estate Investment Tips for Beginners: Whether you're new to real estate or looking to expand your knowledge, Jake’s insights are indispensable.
- Wheelbarrow Profits Educational Insights: Gain insights into how Jake’s educational group guides investors through the pillars of successful apartment investing.

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Join us as Jake explains the core principles of "Buy Right, Manage Right, Finance Right," and shares strategies that every aspiring and experienced real estate investor should know. From his transition from pharmaceutical sales to becoming a real estate mogul, to the best practices in apartment investing, this episode is packed with actionable advice.

What You’ll Learn:

- Effective financing strategies for real estate investors.
- How to achieve long-term success and stability in multifamily investments.
- Tips for managing multifamily properties to maximize returns.

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║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ 
╠╗║╚╝║║╠╗║╚╣║║║║║═╣       :)
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ 

Don't forget to like, subscribe, and share this video with anyone interested in building wealth through real estate.

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Timestamps:
0:00 - Introduction
0:57 - Jake's Journey to $350M in AUM
10:50 - Why We Pivoted to Industrial
13:00 - Tactical Advice For Succeeding In Multi-Family Investing
19:40 - Syndication
24:21 - Scaling A Team and Culture
32:10 - The 'Jake and Gino Wheelbarrow Profits' Community
37:28 - Health & Lifestyle Habits
47:30 - Forecast for the Economy and 2024 Election
50:18 - Summary of the Conversation

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#RealEstateInvesting #MultifamilyInvesting #JakeStenziano #InvestmentTips #RealEstateWealth #FinanceStrategies #PropertyManagement #RealEstateEducation #InvestingForBeginners #WealthBuilding #JakeandGino

In this video, we unpack the complexities of syndication through the lens of two real-world deals. This video is designed to be an essential guide designed for anyone venturing into the dynamic world of commercial real estate syndication. Join us as we share our journey from finding potential deals to successfully exiting, all while demystifying the process for newcomers and seasoned investors alike.

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In This Video, You'll Discover:

- Understanding Commercial Real Estate Syndication: Dive deep into the fundamentals with a clear and accessible breakdown.
- Beginner's Guide to Real Estate Syndication: Learn the ropes of starting in the syndication space with actionable insights.
- Step-by-Step Real Estate Syndication Process: Follow our journey through two case studies, from acquisition to sale, showcasing practical strategies that work.
- Making Commercial Real Estate Syndication Easy: We simplify complex concepts and highlight the paths to success.
- Commercial Real Estate Syndication for Beginners: Tailored advice for those new to the field, aiming to make your first venture as smooth as possible.

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Why Watch?
We share our stories of navigating the ups and downs of syndicating properties in Wisconsin, offering a wealth of knowledge and tips. Whether it's understanding the financial intricacies, legal considerations, or just learning from their mistakes, this video is packed with value for anyone interested in commercial real estate.

This video is ideal for aspiring investors, real estate professionals expanding their knowledge, or anyone curious about the mechanics behind successful real estate syndication. If you've ever wondered how to start syndicating commercial real estate, or are looking for practical examples to guide your strategies, this is for you.

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Become a Winning Wealther:
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║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ 
╠╗║╚╝║║╠╗║╚╣║║║║║═╣       :)
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ 

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Timestamps:
0:00 - Introduction
1:17 - How This Video is Structured
2:32 - Overview of Deal Number One (9 Unit Apartment Building in Cudahy)
6:02 - The Magic Formula of Commercial Real Estate Investing
8:14 - The Exit From Deal Number One
13:39 - Lessons Learned From Deal Number One
15:52 - Overview of Deal Number Two (8300 Sq. Ft. Flex Industrial in Butler)
20:07 - The Exit and Lessons Learned From Deal Number Two
24:44 - How To Put Yourself In A Position To Get Lucky
27:38 - Video Summary

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Robert Martinez is America's Top Operator in the Multi-Family real estate space and in today's conversation, he shares his blueprint for scaling from 0 to 5,000 units. This episode is a goldmine for anyone looking to build a real estate empire from scratch or take their existing portfolio to new heights.

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Access all of Robert's Resources

Join Robert's Mastermind Group by Calling This Number: (832) 942-1196

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In this conversation, Robert dives deep into the strategies that catapulted him to success, offering invaluable insights into multifamily investing, wealth building, and achieving financial freedom through real estate.

Discover the steps to scale your real estate investments, manage a large portfolio efficiently, and create passive income streams that last a lifetime. Whether you're a beginner eager to make your mark or an experienced investor looking to expand, Robert's story is a testament to what's possible with the right mindset and tactics.

Learn about:

- Building wealth with multifamily real estate investments
- The journey to owning thousands of real estate units
- Expert advice on managing a large real estate investment portfolio
- Strategies for achieving financial freedom through real estate

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This episode is not just a real estate investing success story; it's a blueprint for massive growth, offering guideposts for anyone on the path to building their own real estate empire. Tune in to "From 0 to 5,000 Units: Robert Martinez's Real Estate Empire Blueprint" and take the first step towards realizing your real estate ambitions. Don't forget to subscribe for more insights into building a lucrative real estate investment business from zero.

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Timestamps:
0:00 - Introduction
1:19 - Robert's Full Origin Story & What He Has Built
11:16 - Robert's First Deal & What Shocked Him About Real Estate
15:05 - Difference Between Property Management and Asset Management
17:00 - Bad Advice from Grant Cardone
21:11 - Simplifying the Numbers with 'The Magic Formula' of Real Estate
26:08 - Is The Home I Live in An Investment & Emotional Maturity w/ Money
34:00 - Robert's Perspective on Health, Fitness, and Giving Back
38:25 - Why You Should Want Problems and Struggle
42:44 - Robert's Predictions For the Next 2 Years in Real Estate
49:39 - Why America Is Becoming a Renter Nation
53:28 - Which Asset Class of Multi-Family Will Provide Opportunity
56:41 - Increase the Value of Your Multi-Family Assets
59:44 - The Most Important Skill to Have If You Want to Invest in Real Estate
1:02:19 - Summary of Takeaways From This Conversation

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#RealEstateInvesting #MultifamilyInvesting #RealEstateEmpire #ApartmentRockstar #FinancialFreedom #PassiveIncome #InvestmentPortfolio #RealEstateWealth

Welcome to "Blueprint to Your First Million: Diverse Paths to Wealth in 2024," where we unravel the secrets to financial success across various domains. Whether you're keen on real estate investing, mastering digital marketing, exploring the world of online coaching, or diving into biohacking for peak performance, this episode is your guide to building wealth in the modern era.

Dive into our comprehensive discussion on actionable strategies that can pave your way to becoming a millionaire. From the basics of property investment to advanced digital marketing techniques, entrepreneurial growth hacks, and optimizing your health for peak performance, we cover it all.

🔑 Key Highlights:
- Buy an Existing Business: Use a SBA Loan and Take Over a Proven Business
- Real Estate Investing: Unlock the potential of properties.
- Digital Marketing: Drive your business to new heights.
- Online Coaching: Transform your expertise into income.
- Biohacking: Achieve peak performance for entrepreneurial success.

📈 Stay ahead in 2024 by embracing diverse paths to wealth. Subscribe for more insights and strategies to fuel your journey to financial freedom.

Watch this episode on YouTube

See the deals we will be investing in by filling out the form here

Syndicate Your First Deal w/ Brock

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╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ 
║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ 
╠╗║╚╝║║╠╗║╚╣║║║║║═╣ :)
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ 

Remember, the journey to a million begins with a single step. Let's make that step count together.

#FinancialSuccess #WealthBuilding #RealEstateInvesting #DigitalMarketing #OnlineCoaching #Entrepreneurship #Biohacking #MillionaireBlueprint #2024Wealth

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Timestamps:
0:00 - Introduction
1:22 - The First Stage of the Journey
3:17 - Option 1: Buy an Existing Business
13:04 - Options 2: Start a Digital Marketing Agency
15:55 - Option 3: Online Coaching and Consulting
21:12 - Option 4: Real Estate
29:54 - If We Went Back to $0, Which Business Would We Choose?
32:36 - Bonus Business Idea (someone please start this lol)
35:25 - Summary of the Conversation

Lauren has been a trained life coach since 2020, is a reiki practitioner, and neuro-linguistic programming practitioner. She has a background working in human behavior which is where she learned to understand the inner workings of humans based on behavior and how to rewire behavior patterns. This was an amazing conversation that has a lot of powerful takeaways.

Thanks to Lauren for her time and to you for listening!
- Brock and Geoff

╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗
║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣
╠╗║╚╝║║╠╗║╚╣║║║║║═╣
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝

Watch this episode on YouTube

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See the real estate deals we invest in by filling out the form here

Syndicate Your First Deal w/ Brock
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Timestamps:
0:00 - Introduction
0:49 - Meet Lauren Plante
5:30 - The Steps To Becoming and Entrepreneur
7:20 - Attributes of High Performers
9:46 - What Lauren Had to Change About Her Own Subconscious
13:13 - How to Stop Being a People Pleaser
18:11 - How to Address and Overcome 'Overthinking'
22:02 - Toxic Motivation vs. Healthy Motivation
23:53 - How to Handle Failure
27:19 - Habits & Routines that Increase Performance
34:57 - The Message A Morning Routine Sends to Your Brain
37:49 - The Power of Creating Space For Gratitude
39:23 - Lauren's Hack For Creating More Gratitude in Life
41:23 - Why It Can Be Hard to Receive Compliments
43:13 - This Protocol Doubled Lauren's Income (Retaking Control From Money) 
45:25 - Managing a Work Life Balance & Peer Group
50:17 - Lauren's Biggest Piece of Advice
52:03 - Our Takeaways From The Conversation & Conclusion

We predict that 2024 and 2025 are going to offer buying opportunities in the commercial real estate space. In our conversation, we cover the fact that over $1.2 Trillion in Commercial Debt is due to mature over the next two years and what that means for the market, as well as why the industrial asset class is where we are going to be focused on investing.

Thank you for listening and if you feel inclined to support the show, please leave a rating for the show on your podcast player, and subscribe to our YouTube channel.

Watch This Episode on YouTube

See the deals we are investing in by filling out the form here

Syndicate Your First Deal w/ Brock

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Follow the show on TikTok

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Timestamps:
0:00 - Introduction
0:51 - Reflecting on 2023 and Setting the Scene for Where We Are Today
3:47 - $1.2 Trillion in Commercial Debt Will Mature over the Next 2 Years
7:21 - Boom and Bust Markets (and where we will be investing)
11:15 - The Disruption in the Capital Markets (access to capital)
13:20 - Starting to See A Shift
14:26 - Predictions for Office Buildings
16:50 - Current Distress Levels By Asset Class
18:37 - The Asset Class We Are Investing In
19:28 - Reason #1: Capitalizing on the Growing E-Commerce Boom
22:03 - Reason #2:  The Onshoring & Reshoring Movement
25:15 - Reason #3: Higher Rental Rates for Flex Spaces & Triple Net Leases
28:00 - Reason #4: Opportunity For Sale Leaseback Deals
31:39 - Conclusion
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Cody Kerns is the founder and owner of iComeUp Marketing, a digital marketing agency that helps entrepreneurs increase their online presence, generate leads, and create an effective online brand.

In our conversation, we talk through tips for growing and developing a brand online, Cody's investment strategies, and the importance of partnerships and allowing people to help you in your journey.

Support the show by subscribing and pressing the like button. We appreciate you!
- Brock and Geoff

Connect with Cody on Instagram here

Learn More About Cody By Visiting His Website

Invest in deals with us

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Timestamps:
0:00 - Introduction
1:24 - Who is Cody Kerns?
9:26 - Cody's Fu** It Moment
15:41 - Getting Over The Fear of Looking Bad When Creating Content
16:54 - All Attention is Good Attention in Marketing
20:04 - The Types of Content You Should Post on Instagram
23:35 - The Power of Allowing People to Help You & Partnerships
27:57 - The Breakdown of Cody's Business & Investment Philosophy
34:55 - Difference Between Being An Entrepreneur vs. An Investor
36:40 - Pay Attention to What People Do Not What They Say
38:26 - Laser Focus When Starting, Diversify Once You Make It
39:16 - The Best Investment You Can Make Beyond Your Business
48:26 - How the Book 'The Alchemist' Changed Cody's Life
53:39 - Cody's Goals for 2024
57:10 - Cody's Contact Info
57:33 - Conclusion
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Ana Karina is a licensed CPA and owner of the AK Tax & Accounting Firm which helps Real Estate Investors build wealth by playing the IRS Game.

In our conversation today, we simplify the complex world of tax strategy and tax planning in order to paint a picture of the optimal tax landscape for you and your business. Additionally, Ana shares her advice on depreciation strategies, how to write off a vehicle purchase, bookkeeping, and how politics affect taxes.

Support the show by subscribing and pressing the like button. We appreciate you!
- Brock and Geoff

Article Referenced In The Show About New LLC Reporting Act

Have Ana Help You With Your Taxes

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Timestamps:
0:00 - Introduction
3:02 - Ana's Experience in Buying Businesses
8:10 - Tax Planning Early In Your Career
11:04 - You Need a Tax Planner, Not a Tax Preparer
13:26 - Ana's Team
14:36 - Tax Benefits to Leverage From Real Estate Investment
17:11 - How to Qualify for Real Estate Professional Status
19:22 - What is Depreciation In Simple Terms
21:35 - How To Write Off The Purchase of a Vehicle
24:56 - Best Strategies for Record Keeping & What You Can Write Off
29:07 - When You Should Start Tax Planning For The Year
31:23 - The Questions You Should Ask When Looking For a CPA
33:02 - How Politics Influence The Taxes You Pay & 2024 Election Outlook
38:29 - Strategies To Build a Following on Instagram
40:46 - Benefits From Having A Social Media Following
42:05 - Ana's Goals
45:25 - Simple Hacks & Tips Ana Uses for Growth (Personal & Business)
47:33 - Conclusion
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