Zen and the Art of Real Estate Investing

What happens when an extroverted stay-at-home mom needs an outlet for her creativity and intellectual pursuits? Sometimes, she becomes a real estate investor.

On this episode of Zen and the Art of Real Estate Investing, Laura Sides joins Jonathan to discuss how she maintains her role at home as a stay-at-home mom while succeeding as a real estate investor. Since the pandemic, Laura has been flipping homes and investing in short- and mid-term rentals. She's a former teacher who loves what real estate offers her entire family.

Jonathan and Laura's conversation starts with her introduction to real estate investing and what prompted her to begin learning how to do it. She explains that she came from a family with a "Poor Dad" mentality. When an opportunity from a neighbor presented itself, Laura dove in and didn't look back. With her husband's support and bringing her kids along for the ride, she purchased two flip homes in six months. She developed a presence as an investor on Instagram and formed a community on social media, providing her with an adult outlet outside her role as a stay-at-home mom. You'll hear the story behind those first two investment properties, what she learned about working with contractors, and the moment she fell in love with real estate investing. Laura also shares how she discovers deals, learned by doing, and why buying with cash makes investing so much easier. Finally, she explains her long-term plans for her real estate career and the advice she would give to a brand-new home flipper.

Laura Sides's story is an example of the success you can achieve as an investor even when you don't come from a real estate background, and she's adamant about sharing her journey online to help others.

In this episode, you will hear:

• Why it was so important to Laura Sides to involve the whole family in her real estate investing venture
• Her level of exposure to real estate when she started and how she intentionally began learning about real estate investing
• Laura's decision to be completely authentic about her journey on social media
• The community she found on social media that gave her an outlet in the adult world as a stay-at-home mom
• The importance of the support Laura receives from her husband and kids in this venture
• Laura's first investment property from an unlikely source and how she and her husband made it work
• The most surprising thing she learned about working with contractors
• How she fell in love with real estate and what makes it a win-win all around for her
• Where Laura Sides finds her deals now after those first two property purchases and her reasoning for being picky
• Figuring things out as she went along, and what she learned
• The benefits of buying with cash
• Her long-term plans and the constant reevaluation of properties
• Laura's advice for a brand new flipper based on her experience

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/108 to download it.

Supporting Resources:

Connect with Laura Sides on Instagram - www.instagram.com/sides_investing

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

What happens to professional athletes once their sports careers end? Can they all live off of their career proceeds, or is there a post-professional sports career plan in place?

On this episode of Zen and the Art of Real Estate Investing, former NFL player Devon Kennard sits down with Jonathan to talk about his new career in real estate following a successful stint on the football field. Devon is a real estate investor, author, lender, and speaker. Today, he owns at least 20 single-family and smaller multifamily properties in addition to 40+ syndication investments. His company, 42 Solutions, is a private lending institution based in Phoenix, Arizona.

Jonathan and Devon dig into how Devon leveraged his brand as a professional athlete to open doors, form relationships, and create success beyond athletics. Early in his football career, Devon recognized the impact of finances on every aspect of life. While playing in the NFL, he looked for a way to invest his money that could bring success long after his football career ended, which led him to real estate. Devon explains to Jonathan why he purchased his first property in Beech Grove, Indiana, what he finds appealing about turnkey properties, his decision to pursue real estate while his fellow NFL players put money in the stock market, and how he decides on neighborhoods to invest in. You'll also hear how Devon Kennard became an investor in syndications, what led him to start his company, 42 Solutions, and the story behind his new book It All Adds Up.

Devon Kennard knew that an NFL career could be shortlived, but that didn't stop him from pursuing success on and off the field. His transition into real estate investing offers a perspective new and experienced investors alike can learn from.

In this episode, you will hear:

• The question that completely changed Devon Kennard's perspective on creating a successful life
• How Devon leveraged his brand as an athlete to open doors and create success beyond athletics
• Life beyond the NFL, focusing on more than one thing in life and putting your best foot forward
• The impact of finances on every aspect of your life
• What Devon would tell brand-new investors who want to get started in real estate
• His first investment property in Beech Grove, Indiana--a turnkey property from a turnkey provider
• Why he stuck with turnkey properties in the Midwest as he continued investing
• The decision Devon made to stick with real estate while other NFL players were putting money in the stock market
• The criteria he used to choose the neighborhoods he invested in
• The reason Devon sought out a financial advisor who concentrates on alternative investments and what scared him about syndications
• Where he's going to put his money next, and why Devon likes markets where he can scale
• The protection a diversified portfolio offers and the lack of control over the risk profile in a syndication
• Knowing when to trust someone and looking to others who can vouch for them
• Devon's company, 42 Solutions, what it does, and his ultimate goal with it
• His new book, It All Adds Up, and how it's helping people design their game plans for financial success

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/107 to download it.

Supporting Resources:

Visit Devon Kennard's website - www.devonkennard.com

Find Devon on YouTube - www.youtube.com/@TheAthleteInvestor

Devon's Instagram - www.instagram.com/devonkennard

Connect with Devon on LinkedIn - www.linkedin.com/in/devon-kennard-b1080547

Get Devon's new book, It All Adds Up - www.devonkennard.com/orderbook

42 Solutions website - www.weare42solutions.com

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

While most people are comforted by the idea of a backup plan, sometimes, jumping in without one is the best way to take action. Having a parachute can become a hindrance rather than a help. Today's guest opted to leave the parachute at home when he dove into real estate.

On this episode of Zen and the Art of Real Estate Investing, Nick Cooley sits down with Jonathan to unpack how he and his wife Hannah became real estate investors in 2016. Nick is a licensed real estate agent, investor, and co-founder of Jericho Capital. He is based in the Denver, Colorado area.

Jonathan and Nick explore why it's important to have your personal finances under control before pursuing real estate investing, the mistakes Nick made with his second property, and why he pursued his real estate license after some initial hesitation. He also explains why he and his wife sold all of their single-family properties to purchase out-of-state commercial assets, Nick's particular zone of genius, and his refusal to buy in markets where he doesn't have a competitive advantage. As they wrap up their conversation, Jonathan and Nick discuss his lack of interest in bringing property management in-house, the properties he's looking for, what you can expect from Jericho Capital as an investor, and Nick's advice for investors ready to take action.

Nick devoted his free time to learning about real estate investing before diving in headfirst, and he is passionate about helping others figure out their zones of genius to make better investment choices. Nick and Jonathan's conversation may have you reconsidering your take on getting a real estate license and investing out of state.

In this episode, you will hear:

• Nick Cooley's "aha" moment about real estate
• The two things he and his wife Hannah did to prepare for buying their first investment property
• His first property and why not having a backup plan was an advantage
• Why buying a new build made the most sense for Nick long-term
• The mistakes he made with the purchase of his second property and what he learned
• When Nick knew this was going to become a full-time career
• Why he pursued his real estate license despite some hesitation and the benefits of having a license as an investor
• Nick and his wife's decision to sell all of their single-family properties in 2021 to pivot into out-of-state commercial properties
• Nick's zone of genius, how that balances with his business partner Brian's understanding of construction, and the launch of their business Jericho Capital
• His refusal to buy in a market where he doesn't have a competitive advantage
• The ease of doing larger deals once you understand the fundamentals of real estate
• Lack of interest in bringing property management in-house and leaning on third-party property managers to free up his time
• The types of assets he's seeking and why
• How Jericho Capital structures deals and what you can expect as an investor
• Nick's advice for new investors who are ready to take action

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/106 to download it.

Supporting Resources:

Find Nick Cooley on Instagram - instagram.com/imnickcooley

Connect with Nick on LinkedIn - www.linkedin.com/in/imnickcooley

Beyond the Portfolio Podcast - podcasts.apple.com/us/podcast/beyond-the-portfolio/id1723645064

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Financial independence is the goal most real estate investors are eager to achieve. Getting creative and being willing to compromise are two of the ways you can work toward that goal.

On this episode of Zen and the Art of Real Estate Investing, Becky Nova, real estate investor and founder of Lady Landlords, sits down with Jonathan to share how she became a first-time investor in her 30s. Becky owns and manages properties in New York City and the Dominican Republic and helps women achieve financial independence through real estate investing with courses, coaching, and a large Facebook group.

Jonathan and Becky begin their conversation with her introduction to real estate investing, which happened when she and her husband bought a two-family home as their first property. She and her husband had a lot to learn, but after learning the ropes of having tenants, they purchased their second property a year later--and the rest is history. Becky explains when and why she created her Facebook group, Lady Landlords, her struggle with overcoming a scarcity mindset, building good relationships with tenants, and why she chooses to self-manage her properties. You'll also hear what makes property investments abroad different, how she uses her property in the Dominican Republic, and why you must be willing to compromise with your partner when you become a real estate investor.

In just five years, Becky Nova created a business that offers her financial freedom and the ability to design a life that looks like what she dreamed.

In this episode, you will hear:

• How a check from a tenant at the closing table opened Becky's eyes to the idea of real estate investing
• Figuring out how to become a landlord when she and her husband knew little about owning a home
• Dealing with unpredictable situations and why landlording is customer service
• The creation of Lady Landlords following her husband's job loss in March 2020
• The struggle of overcoming the scarcity mindset she and her husband have both had since childhood
• The importance of keeping communication lines open to build good relationships with your tenants
• Becky's advice for hiring property managers as a new investor
• Why self-management of investment properties isn't passive
• Her investments outside of the country and what makes property investments abroad different
• How Becky rents out her home in the Dominican Republic as a short-term rental when she isn't using it
• The freedom that real estate investing has provided her with
• Why you need to be willing to compromise with your partner in this business
• The value of understanding your end goal and taking steps to pursue it

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/105 to download it.

Supporting Resources:

Visit the Lady Landlords website - www.lady-landlords.com

Lady Landlords on YouTube - www.youtube.com/ladylandlords

Find Becky Nova on Facebook - www.facebook.com/TheBeckyNova

Connect with Becky on Instagram - instagram.com/thebeckynova

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

While most new investors maintain their full-time jobs, sometimes, you have to take the more radical step of leaving the corporate world behind.

On this episode of Zen and the Art of Real Estate Investing, Jonathan's guest is Leka Devatha, a Seattle-based real estate developer and broker. Leka's company, Rehabit Homes, focuses on residential redevelopment. Over the past decade, she's spearheaded hundreds of transactions, developing more than $50 million in real estate. Jonathan recently met Leka in Orlando, where she co-hosted the Bigger Pockets Conference, and they participated in a panel together.

You'll hear Leka's recent experience with squatters in a million-dollar property and how she evicted them, why she left her corporate job to kick off her investing career, and when she realized she would never return to the corporate world. Leka also explains the difficulties of becoming a house flipper, why Seattle is still a profitable investing market, and how ADUs are impacting it. Finally, she outlines the importance of hiring a trustworthy crew, where new investors should focus their energies, and the community and relationships created by participating in meetup groups.

Jonathan and Leka's conversation is lively and fun, and it's one you won't want to miss if you're excited about flipping properties.

In this episode, you will hear:

• Leka Devatha's recent experience with squatters in her million-dollar property and the negative feedback she received on social media
• Her first exposure to real estate and what drew her to the idea of real estate investing
• Why Leka had to leave her corporate job to begin her real estate career
• Her realization that she'd never have to return to the corporate world
• Leka's biggest piece of advice for people who want to be coached or mentored in this business
• The hardest part of being a house flipper
• What makes Seattle a challenging yet profitable market
• Why Leka stopped doing flips for a while, and where she placed her focus
• The differences between flipping and multifamily properties
• How ADUs are impacting the Seattle market and the versatility they offer
• Her multifamily syndication deals and why they aren't her favorite properties
• The importance of hiring a crew you can trust
• Where new investors should focus their energy right now
• The two meetups Leka hosts, who they're for, and the community they offer the attendees

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/104 to download it.

Supporting Resources:

Rehabit Homes - www.rehabithomes.com

Leka Devatha's YouTube channel - www.youtube.com/channel/UCjG_F2OZQLRvyk7sP7zya2Q

Find Leka on Instagram - www.instagram.com/leka_devatha

Connect with Leka on LinkedIn - www.linkedin.com/in/leka-devatha-5616bb185

Leka's event space - atmosphereseattle.com

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

The 2008 real estate crash significantly impacted investors of all types. For some, it completely changed how they approach real estate investing, leading to a more mindful and methodical strategy.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Joel Friedland, the co-founder of Brit Properties in Des Plaines, Illinois. Joel is an industrial real estate broker and has secured over 2,000 industrial property leases and sales totaling more than $250 million in acquisitions. He has over four decades of experience with industrial real estate.

Jonathan and Joel begin their conversation by exploring Joel's early exposure to real estate and how he ultimately landed in real estate after college. You'll hear why he chose industrial assets instead of residential or commercial, what led him to his mindful approach to investing, and why he pays cash for his investment properties. Joel explains how he combats the urge to jump on a good deal before doing his due diligence, how the usage of industrial properties has changed over the past few decades, the importance of self-awareness, honesty, and mental health as an investor, and the versatility of this particular asset class.

Whether you're already an experienced investor or a new one looking for the right assets to add to your portfolio, Joel's incredible breadth of knowledge about industrial property could help you decide if this is the one you've been looking for.

In this episode, you will hear:

• Joel Friedland's take on the current state of industrial real estate
• The impact Bob Vila's show "This Old House" had on Joel's interest in real estate and how he ultimately landed in industrial real estate
• His experience during the 2008 real estate crash and why he believes real estate investors can become compulsive gamblers unknowingly
• Joel's mindful approach to shifting his approach to investing, including meditation, therapy, and a 12-step recovery program
• The difficulties of paying cash for your properties and why it impedes him from becoming a collector
• The dopamine hit that drives a gambling addict
• Combatting the urge to jump on what looks like a good deal on the surface with due diligence
• Why cash purchases will never produce as good of an internal rate of return (IRR) as a leveraged property
• The changes in the use of industrial properties over the past few decades
• Placing priority on relationships, especially with investors
• Joel's advice for investors interested in switching from residential to industrial and the biggest risk they face
• The importance of self-awareness, honesty, and mental health in real estate
• Industrial real estate's versatility and cost compared to other asset classes
• The increasing use of industrial property as a shift away from retail storefronts occurs
• Joel Friedland's advice for investors who want to pursue industrial real estate

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/103 to download it.

Supporting Resources:

Brit Properties website - britproperties.com

Brit Properties on YouTube - www.youtube.com/@britproperties

Find Joel Friedland on Instagram - www.instagram.com/investingwithjoel

Brit Properties on LinkedIn - www.linkedin.com/company/brit-properties

Connect with Joel on LinkedIn - www.linkedin.com/in/joel-friedland-sior-5508a791

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Amelia McGee is only 32, but she's already enjoying the freedom that real estate investing offers. It all started when she convinced her parents to partner with her for a flip and ignited a passion for real estate.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Amelia McGee, the co-founder of Women Investing in Real Estate (WIIRE), with her partner, Grace Gudenkauf. Amelia is an Iowa-based investor focusing on mid-term rentals with an impressive portfolio of at least 36 units.

Amelia and Jonathan explore her initial interest in flipping, which she credits HGTV with. After that first flip, she discovered it wasn't where she wanted to focus her investing dollars. She moved on to a triplex, and things snowballed from there. They delve into the impact of social media on creating valuable relationships in real estate, including her friendship with Grace. Social media also played a significant role in the founding of WIIRE, which began as a virtual meetup for female investors. You'll also hear how the Bigger Pockets forums helped Amelia learn more about real estate investing, why she's interested in short-term and mid-term rentals these days, what makes small towns a great place to invest, and Amelia and Grace's upcoming book with Bigger Pockets.

Amelia McGee decided she didn't want to spend her life working for someone else and saw real estate investing as a way to achieve the freedom she desired. Today, she teaches others how to do the same. This conversation is a must-listen if you want to escape the W-2 life as Amelia did.

In this episode, you will hear:

• Amelia McGee's first property flip in partnership with her parents, why it made her realize flipping wasn't for her, and how she used the profits to buy a triplex
• How the resources from Bigger Pockets helped her begin building a real estate investing career
• Amelia's introduction to her partner, Grace Gudenkauf, via Instagram
• Her advice for starting an Instagram profile that can lead to sales
• The first virtual meetup she and Grace hosted together, and how it evolved into the business it is today
• Why not having the "golden handcuffs" of a well-paying job helped propel Amelia forward in real estate
• Where she sourced money to add doors to her portfolio
• The details behind the triplex purchase and why she didn't want any of the previous owner's tenants
• The leeway local banks can give you for financing versus a larger bank
• Her partnership with her parents in buying another property when her money ran out
• Amelia's real estate education and what it taught her about finding great property deals
• The birth of WIIRE, its evolution over time, and who's in the community
• WIIRE retreats and what they offer to the women who attend
• Competition in real estate and why it doesn't have to be competitive
• The number-one characteristic of real estate investors
• Amelia's investment in short-term and mid-term rental properties and why she's moving toward short-term rentals
• Amelia and Grace's upcoming Bigger Pockets book
• Real estate doesn't have to be an all-or-nothing thing
• The freedom she experiences now versus when she did her first flip

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/102 to download it.

Supporting Resources:

Women Invest in Real Estate - www.womeninvestinrealestate.com

Connect with Amelia McGee on Instagram - www.instagram.com/ameliajorei

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

If 1031 exchanges aren't already on your radar as a real estate investor, Jonathan's guest, Dave Foster, lays out the nitty-gritty details of why they should be.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Dave to discuss this important aspect of real estate investing: 1031 exchanges and why you could be leaving dollars on the table if you aren't taking advantage of them. Dave is a degreed accountant, 1031 exchange expert, serial real estate investor, and a qualified intermediary. He is also the author of Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange.

Jonathan and Dave delve into how a dream of a sailboat led to him becoming a 1031 exchange expert. Dave shares what he learned from his first property investment, the ins and outs of the 1031 exchange process, and how to use it with the 121 tax-free exclusion. Dave also shares why he advises investors to buy properties you could enjoy even though they may not be as lucrative, why attachment to real estate prevents you from profiting as well as you could, what a qualified intermediary is, and the two types of people 1031 exchanges benefit most.

Dave Foster's expertise in 1031 exchanges is evident during his chat with Jonathan, and if you're tired of leaving dollars behind, this episode of Zen and the Art of Real Estate Investing is for you.

In this episode, you will hear:

• Dave Foster's winding journey to 1031 exchanges that began with the idea of a sailboat and time freedom
• His first income property in Denver and what he learned about real estate from that experience
• How a 1031 exchange works and why it offers more returns to you
• The two ways to take cash out of your investments while you're participating in 1031 exchanges
• Using the 1031 exchange in conjunction with the 121 tax-free exclusion
• Why Dave and his family moved to Connecticut and then Florida, where they purchased a fleet of vacation rentals to fund living on their sailboat
• Their personal use of vacation rentals because they purchased premium properties on the water
• The reason today's short-term investors are hostage to management companies and renters
• Dave's encouragement to buy properties you enjoy even though they may not be as lucrative
• Attachment to properties and how it holds you back from gaining more profits
• A qualified intermediary's role in the 1031 exchange process
• What makes turnkey companies a great option for completing a 1031 exchange
• When to get your qualified intermediary involved
• The benefits to your heirs
• The two types of people 1031 exchanges benefit the most
• The one thing you need to know about 1031 exchanges that you might not have heard before

Follow and Review:

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/101 to download it.

Supporting Resources:

The 1031 Investor website - www.the1031investor.com

Dave Foster on Facebook - www.facebook.com/DaveFoster1031

Connect with Dave on LinkedIn - www.linkedin.com/in/davefoster1031

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Mindfulness is a valuable trait no matter where you apply it. In real estate, having awareness and empathy can make all the difference between getting a great deal or not getting it at all.

This is the 100th episode of Zen and the Art of Real Estate Investing, and Jonathan's friend and previous podcast guest, Alyssa Holbrook, takes over the microphone to interview Jonathan. Mindfulness has been deliberate in his investing career, but it took center stage in his 40s.

Alyssa and Jonathan's conversation covers how hustle and work ethic relates to mindset, his ability to self-regulate when others feel dysregulated, and how therapy played a big role in Jonathan's personal growth. He explains his approach to using his network mindfully, remaining confident when others would like to tear you down, and what leaving a legacy means to Jonathan. You'll also hear the value of mediation in his daily life, how the podcast has changed him, and putting negotiations in real estate in perspective. Finally, Jonathan shares how this podcast has changed him and how he plans to implement what he's learned from his guests in 2024.

Mindfulness is a choice, and Jonathan's interview with Alyssa reveals how it contributes to his success in real estate and beyond.

In this episode, you will hear:

• Jonathan's unique take on mindset, which led him to start the podcast
• How real estate could be better with a mindset shift and more focus on relationships
• Mindful use of your network and what that looks like
• Financial desperation's impact on a business and what you can do to "mindset" your way out of it
• Why rushing around crushes the ability to be mindful
• What Jonathan's dad taught him about being a good landlord and mindset
• The lessons he's learned about self-regulation and what to do when things feel dysregulated
• Therapy's benefits and how it helped Jonathan become a better person
• Avoiding FOMO, it's relationship to his intrinsic motivation, and meditation
• The one thing he hopes his kids learn from him
• How work ethic and not rushing can be intertwined
• Hustle as a state of mind
• Jonathan's high standards and how he uses those to adjust the trajectory of his business
• Why each investor's journey is their own
• Releasing regret, embracing feeling good about yourself, and finding others who want to do what you want to do
• Money's impact on the group of people you're surrounded by
• Shifting your perspective to create a better real estate deal for everyone
• The art of negotiation and being transparent
• The podcast's role in Jonathan's life and how it's changed him

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/100 to download it.

Supporting Resources:

Jonathan's website - www.trustgreene.com

Connect with Jonathan on LinkedIn - www.linkedin.com/in/jonathan-greene-re

Find Alyssa Holbrook on Instagram - www.instagram.com/alyssaholbrookcoach

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Becoming a landlord involves more than just buying properties. You also have to protect your assets, which means knowing the ins and outs of insurance.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Aaron Letzeiser, co-founder of Obie, a venture-backed insurance and risk management technology platform that primarily serves real estate investors in the U.S. Aaron is also an active real estate investor and a venture partner at Pioneer Fund.

Starting with Aaron's entrance into real estate as an accidental landlord, Jonathan and Aaron cover why condos make a great first investment, the unique features of Chicago's real estate market that make it a good place to invest, and why Aaron branched out to the Carolinas when he was looking for new assets. You'll also hear why insurance should be a factor when you choose where to invest, how technology is making shopping for insurance products easier, and the four ways investors are falling short when it comes to insurance coverage. As Jonathan and Aaron wrap up, you'll also hear two ways to mitigate tenant issues that can cause an insurance claim, how prior claims can impact your costs, and Aaron's advice for finding an affordable insurance product.

Dig in deep and get the details on creating an insurance plan that works for your business with Aaron Letzeiser.

In this episode, you will hear:

• Aaron Letzeiser's start in real estate as an accidental landlord
• Why condos make a great first investment
• The Chicago real estate market and what makes it a good place to invest
• His decision to branch out into the Carolinas and what makes it a better buy than Florida
• The role of insurance in the decision to purchase an asset in a particular location
• The questions you should be asking your insurance agent as an investor
• Decreasing the mental load as a mindful investor
• Aaron's goal for Obie Insurance and how technology is making investing easier
• What Obie does differently from other insurance companies that puts the real estate investor in the driver's seat
• The importance of understanding the replacement cost of your property and adjusting your policies accordingly
• The four ways investors are falling short in terms of insurance coverage
• Two ways you can mitigate issues that may crop up inside a unit
• Natural disasters' impact on the insurance market and adjusting your deductible according to what you can afford
• Obie's use of tech to give you an estimate of your insurance cost with plus or minus 5% accuracy
• How prior claims can affect your costs
• Aaron's advice for finding affordable insurance

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/099 to download it.

Supporting Resources:

Obie website - www.obieinsurance.com

Find Obie on Facebook - www.facebook.com/ObieRisk

Connect with Obie on LinkedIn - www.linkedin.com/company/joinobie

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits:

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.