The Master Simple Passive Cashflow Podcasts List & #LaneHack
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

 
View only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZAA
1
Podcast #Fundamentals/
Interview/
#LaneHack
TitleTake Aways/Show NotesAction ItemSponsorDate ReleasedURL - YouTubeEmbed Code- YouTubeURL - Simple Passive Cashflow.comBiggerPocketsPippaBigger Pockets Marketplace
2
999itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347 <= There is nothing that shows appreciation than a recommendation to a friend or Please leave a review?Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-exiting relationship.
Setup a call here: https://calendly.com/simplepassivecashflow/20/

Check out my Free Resources Below:
1) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:
https://simplepassivecashflow.activehosted.com/f/3

2) Join a Social Club:
Seattle: https://www.facebook.com/groups/SPCHUISEA/
Hawaii: https://www.facebook.com/groups/SPCHUI808/
Portland: https://www.facebook.com/groups/SPCHUIPDX/
Bay Area: https://www.facebook.com/groups/SPCHUIBAY/
So Cal: https://www.facebook.com/groups/SPCHUISOCAL/
East Coast: https://www.facebook.com/groups/SPCHUIEAS/
Central USA: https://www.facebook.com/groups/SPCHUICUS/ 

3) Subscribe to my podcast on iTunes or Google Play.

Google Android Phones: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_Podcast
Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2
Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ

4) 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

5) I am partnered with a start-up Virtual Assistant firm out in the Philippines and in America. Shoot me an email Lane@simplepassivecashflow.com if you want to try them out.

6) Please leave a review for the podcast!
itunes.apple.com/us/podcast/simplepassivecashflow.com/id111879534

7) Coaching Program to get you to your first rental in 90 days!
simplepassivecashflow.com/coaching

8) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course: https://simplepassivecashflow.activehosted.com/f/1

Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing
https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2
3
4
5
SPC - Fundamentals - Thinking Outside the Cubicle… if you don’t want what everyone else is getting
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 rigors 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
6
SPC - Fundamentals - Mark Podolsky - The Land Geek and Raw Land Investing with Facebook Craigslist buy sell groupsMark 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.
Go on Tresury List to see who owns back taxes
Unspofisticated come into ownership of raw land
Buy it at 20-30% value, ensure so encumberances
The beighbor is the first people to buy if not maybe they want to sell theres and now you have a larger tract
use facebook and craigslist
use owner financing
because no tenant so Dodd Frank
3-5% response rate of offers
All counties are different on how you get land listings
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
7
SPC080 - Fundamental - Graduating from SFH to MFHMy story - bought couple rentals in Serattle and 1031 those to 10 SFH essentually turnkey rentals out of state in Atlanta, Birmingham, Indinapolis.

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

As I talked a few poscasts ago of a 10k repair, and multiple other headaches, my addituted for these SFHs are changing

"Find me an investor who has 50 SFHs and I will show you an investor who was invested under a rock and stoned themself 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.

One of my Altnata properties went over a change over, 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
Got Proserve out of Atlanta to go in with radiation suits to clean it up, got a bill for $27K, wtf, Some of scope items were a little riduculos like 500 dollars for gutters, 5000 for paint, siding etc. Had them re esimate it to give me the "dude I'm not a rich idiot price and got it lowered to 20K
This was the straw the broke the camels back for me as I was already mentally making the shift to making the move. Going down the list it was clear that a lot of the scope items were a bit excessive and 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. Lane@SimplePassiveCashflow.com


Tony Robbins says “things don't happen to you but for you”
Stages of trauma… denial, anger, anger, sadness, motivated
Calculating the proceeds of the same via roofstock and other platforms, but huge tax bill from previous 1031 with recapture - 80K back to irs
What I know now and able to now only make a high yeild but a fraction of the effort. None of this screwing around sending docs to my lender in the evenings for a couple monts to get one dinky sfh to cash flow a couple hundred dollars a month then do it all over again… then to have it all taken away with a large cap ex or turnover repair.

Tony Robbins says “You destiny is shaped in your descisions”

Burning of the boats moment to leave the security of a few thousand of passive cashflow a month to go liquid for a while

I want to be very clear… If you are not an accredited investors, 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 sign an NDA to see the P&Ls and if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late paments, 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. Lane@SimplePassiveCashflow.com
8
79#LaneHackSPC079 - #LaneHack - The Mindset to Overcome Starting SomethingChristian Knight - The Benifit of Fear to Control it
Four techniques
Loneliness/isolation is the reason we don't want to step out
1) Embrace the fear - removes complacancy
2) Manage your fear - Visulize
3) Practice it and get experience
4) Eyes on the prize -
Jason Statham - 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 entrepenuer ofter finds themself in where they have escaped the W2 job but created an active business for themself
https://youtu.be/OIiITrGqnzQ<iframe width="560" height="315" src="https://www.youtube.com/embed/OIiITrGqnzQ" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/lanehack-mindset-overcome-starting-something/https://www.biggerpockets.com/blogs/7810/66672-find-out-4-techniques-to-control-your-fearhttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59e4b5f8216179f613e978afhttps://www.biggerpockets.com/forums/517/topics/499028-4-techniques-on-controlling-fear-and-how-to-overcome-something
9
78Interview
SPC078 - Interview - Sarah May - Aerospace Engineer transitioning out of the Day Job in Denver
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 sarah@regencyinvestmentgroup.com.
Assume find a great deal will take at least 6-18 months.
https://youtu.be/Ma0DBWcA1ZE<iframe width="560" height="315" src="https://www.youtube.com/embed/Ma0DBWcA1ZE" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-sarah-may/https://www.biggerpockets.com/blogs/7810/66120-from-aerospace-engineer-to-real-estate-investorhttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59cbe7787e3ab2736e9f2a1c
10
77#LaneHack
SPC077 - #LaneHack - Implementing Google Keep
Google Keep works in the Google ecosystem and syncs on multiple phones and computers.

Syncing is sleek and I have found little to no syncing conflicts.

Use checkboxes or bulletpoints.
Make a location based reminder.
Share with the family or team.

Take a photo of written text with Google Keep, it can extract the text in the photo and turn it into editable copy in a note. Just follow these steps:
Take a photo with the app
Tap the three dots in the upper right-hand corner
Select “Grab image text”

Drag and drop notes from Keep into Google Docs
With a Google Doc open, click “Tools” from the menu bar and then “Keep Notepad.”
A list of your notes appears on the right.
Simply drag the one you want out of that list and into your document.
The cool thing here is that the formatting in the note is retained. Drag an ordered list, and you’ve got an ordered list in your doc. Drag an image and it’s an image. Text is text. The lesson here is always poke around the tools menu.

You can use Keep to send you a reminder. To begin, just create a note and click the icon of a finger wrapped in a string. From there, create your reminder. That reminder will automatically appear on your Google Calendar, the Chrome browser (if it’s signed into Google) and your Android device.
11
76Interview
SPC076 - Interview - MC Laubscher - The Cashflow Ninja
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
https://youtu.be/JchKR8d-2G8<iframe width="560" height="315" src="https://www.youtube.com/embed/JchKR8d-2G8" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-with-mc-laubscher/https://www.biggerpockets.com/blogs/7810/66116-the-cashflow-ninja-talks-infinite-banking-concepthttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59cbc4e3dbdfe058643a5d5e
12
75Interview
SPC075 - Interview - Chris Rush - Navy Pilot gone MFH Lead sharing his mindset and productivity tips
Chris Rush is a seasoned real estate investor, serial entrepreneur and founder of Sidereal Management, Inc. Starting his real estate career in the family business as a teenager in the 1980’s, Chris has extensive experience in property valuation and acquisition; multiple, simultaneous capital expenditure real estate rehab projects; property leasing and management; financing and refinancing; syndication, fundraising and financial selling; and marketing and property sales.
Over the past decade through syndication, partnership and individual investments, Chris has acquired, repositioned and deposed of for profit over 1000 units in the Texas, Georgia, New Mexico, Arkansas and Washington markets. As a syndicator with Fannie Mae loan experience, Chris has an top-notch reputation among the multi-family investment community for providing exceptional value to investors and the community.
Chris is a 1995 graduate of the U.S. Naval Academy, Computer Science, B.S. and served 10 years on active duty excelling as a Navy pilot flying missions worldwide.
Started as a passive investor
Do a friend-ventory
Ask what is your hourly rate to outsource
Be content while you are doing what you're doing
Eat the frog to get the important things
Share with friends via email or Share on Facebook!https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_PodcastApple iPhone:9/27/2017https://youtu.be/6Le96NSW9q0<iframe width="560" height="315" src="https://www.youtube.com/embed/6Le96NSW9q0" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interviewwithchrisrush/https://www.biggerpockets.com/blogs/7810/66080-from-navy-pilot-to-mfh-investorhttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59ca7f2a8c44989a2cd34a48
13
74My StorySPC074 - My Journey Back Home to HawaiiBri - Please put this on Wordpress - https://docs.google.com/document/d/1-AEC17UE5RE5R83lVmyk2vg6AqGz2_9PWbW4HEOm3C0/edit

My Journey Home:

Up to this point, my life has followed a steady, linear trajectory. But today... I took my own advise that time is your most important asset and I am happy to announce that I am speaking to you from Honolulu, Hawaii the new home base of Simple Passive Cashflow!
As a teenager growing up on a small island in the middle of the Pacific, I was programmed to go to college on the mainland because the cost of living in Hawaii was too high and jobs compensation was pretty poor. With the cost of living in Hawaii being 10% more than Seattle or San Francisco and 20% less pay for equivalent jobs, living a comfortable life is no easy feat. I resolved to never return unless I was extremely well off financially - although I am not where I want to be - I have the knowledge and network to get me where I need in the next few years.
Looking back on my path as a wide-eyed college student living away from my family for the first time in Seattle. And then started my Engineering career working for blood money for my first employer. I am a little dumbfounded how all that work through the traditional educational system only prepared me for a life as a worker-bee to save more and hopefully have enough after I gave away all that time during a 40 year career. But I do look back with gratitude since it gave me the means to save up for down payments and truly savour freedom when I achieve it.
I wanted to inspire others to “Burn The Boats”... to do what you want, where you want, and with whom you want - whether its buying that first rental, quitting a crappy job, getting away from a bad boss, starting a family, or just telling your mother in law to shut up.
Here are the 10 main reasons for my return to Hawaii and I hope you can find similarities to your journey:
1) It's a seller's market.
2) I don’t see many deals out in the market worthy of investing in. In fact, I can't find many that will make money. I don't believe in rent trends continuing upward. In my mind, that's called speculation.
3) Hawaii is a great place to hide out and chill. Knowing when to “hold’em” and when to “fold’em” is half the battle.
4) Environment matters. I used to live in a really affluent area in Kirkland and my Mercedes is seriously the crappiest car on the block. Homes are filled with babysitters watching kids as their parents play Bejewelled on their I-Phones. I just don’t feel like I fit in. Seattle also gets dark at 3:30 PM in the Seattle winter and I dislike being cold all of the time. Talk about Kurt Cobain! Shoot yourself in the head!
5) Embrace minimalism. My homeboy FI Fighter took the path of Extreme Financial Independence to race to a point where his income exceeded his expenses. At that point the plan is to escape the rat race which not only includes your job but the environment that contributes to lifestyle creep. On paper, Hawaii is one of the if not most expensive States to live in as evident with the median home costs of $800,000 and 8 dollar gallon of milk. The truth is in order to survive, Hawaii’s locals have to live frugally, in multiple generational households, and the housing stock/amenities is much lower quality (B tenant lives in a C building by US Mainland standards)… it's the price of paradise. From time to time we need to get back to basics and keep it simple.
Jon Jandai | TEDxDoiSuthep
6) A unique opportunity. One of my main goals is to create an investor network in Hawaii. People in Hawaii are very fiscally conservative and there is a lot of generational wealth passed on to younger generations. This creates a complex problem for people who have money and “don’t know how to fish.” My hope is to leverage the talents of others to create a non-profit financial education group based on the philanthropy of those who I will liberate from the rat race and will in turn help mentor others in basic personal financial education such as keeping a budget. If you are interested please reach out to me. The best companies are built on the foundations of culture and this is something I know everyone that comes to this website strongly believes in.
7) Technology bridges oceans. Some will say that I need to be close to the action, but I feel technology allows me to be everywhere at once. I travel to Texas and Atlanta a lot and they are major airport hubs which offer direct flights to HNL. I am also a cheap ass (which I am working to change :p), so I take the red-eye to avoid paying for a hotel that day. My situation will actually improve since instead of a 4 hour flight from Seattle to Texas, I now have a full 7 hour shut-eye flight from HNL to DFW.
8) Serve the people of Hawaii. You might be asking why am I still working? Check out this previous talk I gave explaining why you should not quit your job. I’ll be honest although, I work a few hours a day and times on the weekend on building SPC and my multi-family syndications I don’t have enough work to keep my busy all the time. I recently interviewed for a job and I told them that I was looking to work for good people who treated me fairly and with respect. For the past few years I only worked for non-private entities because I thought that they are one of those busy days at work... my efforts benefit at least the people and not a corporate entity. And now it's great that my work benefits the place I grew up. But don’t get me wrong here… I still don’t really enjoy the work I do and it is not Ikigai or the alignment for four items: 1) What you are good at, 2) What you Love, 3) What the world needs, 4) What you can be paid for.
9) Passion+Lifestyle=Happiness. Tom Corley (from Rich Habits) identifies 2 ways self-made millionaires rose from poverty or the middle-class. Either you live below your means and wisely invest your savings or you pursue something you are passionate about. I am achieving the best of both worlds. Yes, Hawaii is more expensive on paper, but it is easier to live a simple life and not get caught up in the perpetual pissing contest that many working professionals subconsciously partake in.
10) Retirement is a state of being. People wear Hawaiian Shirts on a vacation to feel relaxed. Why not make everyday like that? I am no where where I want to be but on my way. With a little Shave Ice too. I want my everyday life to feel like an indefinite vacation. #LuckyYouLiveHawaii
Live in the moment. Life is short… pull your head out off your butt before the years fly by. Don’t you see those Facebook memories posts and think where did the years go? The day is long and the years are short. Get up get out and get some. WUKAR! Lanikai Sunrise 😁 Check out the youTube Channel.
9/27/2017https://www.youtube.com/watch?v=B4ibepti06k&feature=youtu.be<iframe width="560" height="315" src="https://www.youtube.com/embed/B4ibepti06k" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/myjourneybackhome/https://www.biggerpockets.com/blogs/7810/66070-my-journey-back-homehttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59ca62f732381da97028bf1d
14
73InterviewSPC073 - Interview with J. Martin // Summary: Organizer of SF Bay Real Estate Summit talks Meet-ups, REIAs and Networking Best Practices
• $85K Passive income with a furnished rental business and other rental investments
• He started a meetup in San Francisco and Josh Dorkin from BiggerPockets contacted him
• After the 2012 BiggerPockets summit he copied the speaker list and called everyone
• Replicate what people want
• A lot of REI clubs are pitch-fest with profit sharing
• Contact me with an iTunes review or referral to a new listener and I will let you know who to stay away from
• Speech or topic meeting appeal to new members
• Open circle
• Don’t be an ask-hole, always add with value
• Think what the potential mentor needs and do it
• A lot of people what to be active when they really want to be passive
• In every interaction try and add value
• Give away info and value to see who are the sharks out there
• There can be value to talking to people who do completely different type of investing thing using the same tool
• IP Targeting to target certain people
• Before an event look people up and see who you want to meet
• Have a goal of what you are looking for and what you have to give
• Make the initial contact to follow up later
• Just realize that everyone else is there looking to people just like you
• In today’s market J Martin is realizing that he can’t travel and purchase to properties and is traveling
• He likes to deploy capital when the odds are best in his favor
• Funding & Deals work in inverse
https://youtu.be/c3DVA9_KUi8<iframe width="560" height="315" src="https://www.youtube.com/embed/c3DVA9_KUi8" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interviewwithjmartin/https://www.biggerpockets.com/blogs/7810/65970-creating-the-san-francisco-bay-real-estate-networking-summit?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59c3fb26a01813f67110f1c6
15
72InterviewSPC072 - Interview - Rod Khleif - 800 Class D SFHs to Apartment Mogul800 houses in 2006
MFH was founded in 2008 crash
MFH has all the repair crews in house
Focus on cashflow
In 2008 rents did not go down but the vacancy did
two months is the typical turnover
In the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cashflow
Failures are seminars that teach us
Don't flip in the high end
Don't get a MFH 5 year baloon, instead get a 7-10 year term
Continue to learn and make your own determination
Be consciouse of your podcasts your listen to because that is the way you will go
VAs is calling Apartment Owners - Use county assesors offive then secatary of state to get mailing address, lookup phone numbers
"My boss lives in the area and was interested in buying your property"
For discount Tony Robbins tickets to UPW four day event email Lane@SimplePassiveCashflow.com
501C3 tax status for Non-Profit entitiy
investinahp.com
9/21/2017https://youtu.be/K-o50AN0MN0http://simplepassivecashflow.com/interviewwithrodkhleif/https://www.biggerpockets.com/blogs/7810/65965-the-journey-to-multi-family-home-investor-successhttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59c3dc4fa3e97d0739c3602a
16
71FundamentalsSPC071 - Fundamentals - Recent Setbacks in my RentalsWait catch yourself if you are feeling sorry for me... Setback merely teach you about yourself or the systems you use. It is an opportunity for growth! And in real estate is a capital improvement that is bolstered in the future.
Costs incurred to date are as follows:
Attorney's fees - 268.30
Eviction Services - 1,310
Total - $1,578.30
Quote to haul, disinfect and clean - $4,800.
Total = $6,378.30
(Less) Security Deposit - $1,295
Total = $5,083.30 out of pocket
Always underwarite and double check you have the buffer
Don't worry about the small things
investinahp.com
8/30/2017https://youtu.be/1629Ykyxlg4http://simplepassivecashflow.com/spc071_rentalfundamentals/https://www.biggerpockets.com/blogs/7810/65950-rental-investment-setbacks-episode-071?created=1https://player.pippa.io/simplepassivecashflow/episodes/spc071-fundamentals-recent-setbacks-in-my-rentals
17
70FundamentalsSPC070 - Fundamentals - What is Private Money Lending? Two things I look at in every PML dealThere have been a few Private Money lending deals coming through the deal pipeline. Make sure you are on the list.
What is it?
It is probably to first strategy people should try to get their feet wet. And for people with skeptic spouses it shows how the checks come in.
Any time someone wants to borrow money from an investor to undertake a project. It can be short term or long term.
Great strategy for a sellers market
1st lien 2nd lien position
9-15% returns or 10-20% returns on 2nds, wide range
Based on relationships
Loan to Value LTV - 50-75%
Home flipper looking for 70% LTV and they also include rehab costs
Don't just look at the rate of return - Subjective nature development or cashflow - what is it based on flip to rental or flip to retail
What is your downside if the flipper does not perform - what can it rent for? Seattle vs Birmingham
deed in lieu - work and headache
Another option is crowdfunding sites however there is another person in the middle making fees
you are not going to made substantial wealth with this method but a great way to keep your liquidity moving
not everyone's situation is the same
If you are still trying to grow your wealth you need to get into equity deals and not debt deals
Don't just chase the high IRRs
SPC054 - Fundamentals - Debt Deal vs Equity Deal
Consider PML deals and sign up for the Hui Deal Pipeline club for a double digit return backed by the title of real estate.
investinahp.com
8/22/2017
18
69InterviewSPC069 - Interview - Gerry Swartz - Living in Seattle but investing in Texas | Severance package to Manufacture homes to SFH to MFH | Facebook ads to fill vacancyGerry Swartz - graduated from the University of Arkansas with a chemical engineering degree. I started buying SFHs in 1995 and have continued that till 2014. In 2016 I purchased my first apartment building and have ended 2016 purchasing 3 more complexes in Texas while I live in Seattle.
1) How much simple passive Cashflow are you making today and how are you doing it?
I make most of my expenses in apartments.

2) What is your Han Solo moment -
Since 2008 I had been laid off twice and fired once. I wasn't able to control my own destiny.

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)?
I still work for a company but they are vastly different than most that I have encountered. I don't plan to leave my position since my investing doesn't take up much of my time.

3) Worst life/business moment what did you do after? Lesson learned?
I would say being fired would be my worse business moment. My lesson learned is not to rely on a company for your sole source of income.

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.
Currently optimizing my (4) complexes to push the vacancy down from 25% to 5%. Also decreasing my operation ratio to improve the NOIs.

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.
Get up pray, work out, have a coffee & work on my real estate portfolio, optimizing my existing assets and finding additional assets.

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
Hire a bookkeeper to keep my taxes and P&Ls properly aligned.

7) Something that you changed your mind on? Our ego often gets in the way of greatness.
I recently thought that SFHs were the best path to retirement but they were not scalable. MFs are designed for cash flow. I can review the rent ratio of a Seattle home rent divided by the purchase price and then contrast that to apartments in Texas. They aren't even close.

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.
What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual? I'm an early riser. I feel it give me a jump on the day. I also keep lists to keep myself on track. I utilize emailed notes to put something on my list.
What is your secret/hack for the "Art of Fulfillment?" I don't think we can buy our way to happiness. I don’t live at financial redline and really have all the material things that I need.
How you do contribute back? I mainly tithe to my church which in turn gives back to my community.

9) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
seattlehog94@yahoo.com
Consider Facebook ads as marketing for your MFH or other leads
investinahp.com
8/17/2017
19
68InterviewSPC068 - Interview - Whitney Nicely - One liners ;) | Networking Tips | Social MediaWears a button "I buy houses" - Takeaway... put away your pride
It does not have to be a button it can be social media or just the way you converse about what you do
Have your spouse do the talking for you
Your friends and family want to see you succeed... if not reconsider them
Keep it light and fluffy
One Liner: Who I am, What I want....and call to action or a story
Use your own voice
Everybody knows someone
Sell to the friend of the target...when at the bar of course ;)
And don't give up. Keep trying!

Collect the lead, check your pride, talk what you do
investinahp.com
8/8/2017
20
67InterviewSPC067 - Interview - Lane Kawaoka on the Richer Soul Podcasthttps://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2
investinahp.com
21
66InterviewSPC066 - Matt Orf - 17 Years as a Continuous Improvement Engineer to Flipper
Real Estate Experience: Matt is a full time real estate investor and coach for new Real Estate investors. In the past two years of full time real estate activities he has flipped 3 properties without using any of his own capital. (Made profit on each flip) One of those flips he contributed most of the labor for the experience. The two other flips he was able to establish a team of contractors and implement some standard processes. He has acquired 3 rental properties in Kansas City, one of which was a subject to arrangement while the other two were acquired through private investor capital and leverage. These 3 properties now have a combined equity value of over $100K. Currently working toward a cash out refi to put toward an additional 4 or more properties in the Kansas City market. He also has a cash flowing duplex in New York, which is funded through a Self Directed IRA. In the last year he has been able to take 6 coaching clients through his program, which takes them from beginning investing knowledge through acquiring their first cash flowing property. Matt’s short term investing goal is to reach a specific passive income amount through buy and hold properties. Once obtained, focus on flipping, coaching, 1031 exchanges and commercial investments.

Relevant Work Experience: Matt spent 17 years working for Harley Davidson Motor Company in many different roles within the organization. He is a Six Sigma Black Belt, which is a system for process analysis and Continuous improvements. In these roles he was able to work in varied parts of the company from Materials, Logistics, Finance, Assembly, Supply Chain, Clean room development, Information technology, Organizational Development and training, to writing training materials for standard practices. The majority of this work revolved around Project Management and focus to details and repeatable processes to minimize defects in all areas. (waste reduction to increase profits.) These projects allowed Matt to work directly with all levels of the organization and with team members from around the world. In 2014 Matt retired and started 3 Real Estate Investment focused businesses.

Real Estate Education and Mentors: Matt is a life long learner. In the past two years he has worked with 3 private coaches focusing on areas of personal self development, Real Estate investing education and mentoring, health, wellness and mindfulness. He is currently in training to become a certified Bulletproof coach. He is certified in Project management, holds a black belt level degree in Six Sigma, is certified in Lean Manufacturing through the University of Michigan, and holds a business management degree from Park University. Matt is a regular participant on the Bigger Pockets online community and the local Kansas City Real estate association. He regularly consumes podcasts, audio books and traditional books that focus on diverse topics such as Real Estate, investing, mindset, personal growth, relationship building, tax savings, business creation and improvements. (and Star Wars) ☺

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.) Enough to support my desired lifestyle.

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.
At the time I had a full time career in corporate America, when I met my (currently) fiancé; she asked me a question that made the shift for me. It was the beginning stages of us getting to know each other, we were talking about what we did for a living. After I told her about what I did she asked me if I love my job. I took a few minutes to really think about it. It was at that moment I had the AHAH! I really disliked what I did! It was the first time I really analyzed how I got to this point. I did everything I was told I was “supposed to do”. Graduate high school, go to college, get a good job, invest in your 401K, work hard and everything will be “perfect”. It was far from perfect. I felt like I was living a lie. I had been duped. I wasn't happy with where I was at all, and it was all based on the decisions I had made. Shortly after my answer to my fiancé, she said, “well if you don't like your job, what are you going to do?”. I replied, I will be making a change and I will figure it out.”
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)?
I burnt the boats in a huge way. That next Monday (after the talk with my now fiancé) I walked into the office and pulled my manager into a meeting room and handed him my two-week resignation letter. He was floored. He said what are we going to do? You have been with us for 17 plus years, what are you going to do? I replied, I have no idea, but it isn't going to be this. I was 100% sure that I was making a change in my life to something that I truly desired to do. I took the next two weeks to get all my things in order and transition to a different life. I walked out of that building for the last time and felt as if the weight of the world was lifted off my shoulders. There was also a lot of fear and internal emotions involved I had to deal with. (All of which were great things)

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

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 six month project is my first syndication in Belize. Can talk high level on it, but would love to get other investors to contact me for more info.

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.
I practice the “Miracle morning” most everday. – alarm goes off at 6 am. Meditate, breathe, yoga, goals review, schedule review, affirmations, BP coffee, intermittent fasting until 11am or 12 pm. Spending time with the girls before school- working on Real Estate investments (flips/rentals), Coaching others on building their portfolios and crafting their action plan to escape the rat race. I also coach small businesses and coaches on how to build systems and processes to reduce waste and increase profits. Every 3-4 days I will hit the gym- usually weights- Metabolic Complexes (A metabolic complex is a series of exercises performed fluidly together without rest. Complexes are ideal for fat loss. They involve tremendous amounts of work in a short time. For the time-crunched, complexes are invaluable.) I do quite a bit of reading and consume 3-4 podcasts a day. My top podcasts area:
The Tony Robbins Podcast
The Tim Ferriss show
The Way I Heard It
The Real Wealth Show
Dan Carlin’s Hardcore History
Bulletproof Radio
Bigger Pockets Podcast
Epic Real Estate Investing

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
7) Something that you changed your mind on? Our ego often gets in the way of greatness.

7) 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.
What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual?
What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?

8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
www.MattOrf.com
Matthew@CarboniteProperty.com
investinahp.com
7/17/2017
https://www.youtube.com/watch?v=riWkwUCe_54
http://simplepassivecashflow.com/spc066-matt-orf-17-years-continuous-improvement-engineer-flipper/
https://www.biggerpockets.com/blogs/7810-escaping-the-rat-race/63688-spc066-matt-orf-17-years-as-a-continuous-improvement-engr-to-flipper
https://soundcloud.com/user-685575156/spc066-matt-orf-17-years-as-a-continuous-improvement-engineer-to-flipper
22
65#LaneHackSPC065 - #LaneHack - Resonance Frequency & 10 ways to appear engaged at your day jobHappy Independence Day!
It is currently my 10 year anniversary of working and being a productive adult in the workforce
Somewhere along the way I found my way into this real estate investing and dedicated my efforts to building passive streams of income to do what I want, where I want, with who I want
Anti Rich Dad Poor Dad will call us undisciplined and with poor work ethic
I have collected the data points of over a hundred calls with investors and have found that it is rare that someone is able to align what they are good at and what they are passionate about
If you like what you do (I mean Saturday morning like what you do) consider yourself lucky
I use the analogy of a sonicare toothbrush and resonance frequency

10 ways to appear engaged at your day job with you are building passive streams of income
1) walk fast and move around frantically - general work areas
2) don't tell people where your are going on vacation (ie going to Dallas to look at apartments)
3) don't take calls in your car where people can see you
4) don't drive a fancy car to work
5) attempt to look like your bring a brown bag to work... Say something like you are being healthy
6) invest in a small compact laptop to analyze deals and emails & Google Drive!
7) use calendar scheduler and VAs to schedule your calls around your work
8) when asked why you are not investing in the company sponsored 401k just say you are a government conspiracy folk... It will be easier to understand
9) just nod and say yes!
10) when you purposely keep your workspace cluttered so you look busy and appear indispensable
(Just for fun!)
investinahp.com
7/8/2017
https://youtu.be/D66-C04Thsw
http://simplepassivecashflow.com/spc065-lanehack-resonance-frequency-10-ways-appear-engaged-day-job/https://soundcloud.com/user-685575156/spc065-lanehack-resonance-frequency-10-ways-to-appear-engaged-at-your-day-job
23
64FundamentalsSPC064 - Fundamentals - Ask Lane - LLCs, Helocs vs Cash Outs, Working in a Sellers Market, Hedge FundWhats up Chip, thanks for the questions!

I have become convinced over the past several weeks that i should get into my first SFH rental. [Can't say I agree since I don't know your situation]

My first question is, i keep hearing the market is overheated and the experienced guys are taking a break. That obviously concerns me. Should i be extra cautious? My thoughts are if the numbers work (i.e. good cash flow on paper) the market should not matter, am i being naive? Since i am just learning, if i break even and someone else pays off the note and i get the tax breaks (one of my primary goals) am i not still ahead of the game? My problem is I am new and may not see a good vs. bad deal. Are there some good resources you can guide me to on rental unit analysis. Is there a big risk people see that the mortgage tax deduction will go away in the next couple of years? That could be a big negative.

[First people say that we are going into a near (6-18 month correction/recession) is based of some true historical evidence. Typically market cycles last 8-12 years. The past does not predict the future. The future may be a correction in a near term or could be the greatest 4-6 year bull run. Things have stopped making any sense after coming off the gold standard and everything is based off emotions/fear.

I personally think that people who say they are taking their chips off the table and staying in cash are 'playing the game not to win'. The big dogs can do this because they have substantial amounts of cashflow coming in. You may not - especially if you are in the beginning stages of building a portfolio. If you heard the chat I had with Jorge Newberry on May 31st we briefly discussed the "Art of the Deal" where you make deals based on sound underwriting. Because I work in apartments, the deal needs to be undervalued with under market rents to support a 20% IRR with conservative expectations of the market. That means that the current reversion cap rates don't continue to decrease like how they are. That means you don't speculate like a flipper that the market is going to go up. It means in one respect that you are operating independently of the market. LOL Easily said than done and requires you to find the needle in the haystack deal and be able to have the dealmaking abilities to take it down. There is definitely a divide between investors who buy (Good) turnkey SFH, (better) some value add MFH, and (best) value add MFH in distress.

Here is some If-then engineering speak:
If you are buying turnkey, then you are buying the (Good) deals and expect to make very little. If a correction happens, then you will be tested which makes it very important that you buy with proper due diligence and with adequate cashflow. So basically there is a razor-edge margin for error. But hey... it's better than the stock market... as long as you can hold on to the home in times of trouble.

So you play this game between optimizing your liquidity and deploying in the Better and Best deals which rarely see the light of day in this Seller's market.

The Real Estate Guys call this quantum (inefficiently deploying funds) the cost of insurance in times of uncertainty.

Me and my business partner were looking at some 8-50 unit properties in Dallas that looked pretty good but ended up not pulling the trigger because the numbers did not meet our standards. The funny thing is after we got a budget from the property management company, we went over our underwriting with them and the property management company told us point blank that we were underwriting these properties correctly and the deal did not make sense. Unfortunately, 95% of investors are buying things 20% more than they should. These are the suckers who are doing deals just to do deals. Part of the problem is that these investors are not investing their own money and are getting lazy but I'm speculating there.

But it frankly sucks how I am sitting here with my fishing pole in my hand not getting any action :( No one likes a dry spell.

On the other hand be a treasure hunter and do anything unless it's gold.

In that theme what are some big mistakes you have made or heard about that might help the next guy to avoid.

Buying from the wrong provider
Even if buying from the good provider, not being educated
Not having a mentor to hold your hand and get every cent in due diligence and to pull you back when the deal does not make sense

Next should i form an LLC? As i researched some select turnkey property tax data i see that only about 30-40% of the final buyers have an LLC. Why such a little percentage? Is there a big disadvantage? I of course will seek professional help. But before i do I would like to have a bit of a baseline to hold an intelligent discussion and to detect poor advice.

Let me first say that I am not a lawyer and everyone has different levels of risk tolerance and more or less to lose. Second, this is a #newbie question that signals indecision as someone thinking more about the "how" and the bad things instead of the why. It's a signal that you are heading down the road of no action. That said, I did not start with an LLC but then grew my entity structure and insurance levels to grow with my portfolio. You have to have balance, don't put the cart in front of the horse but don't leave yourself vulnerable. That's basically a non-answer ;) and I can go more into it as a coaching client if I know your situation but at the risk of people taking me literally in everything I say, I will not answer this directly because sometimes people fail to think for themselves and this is a highly individual advice. Here is some advice from a real lawyer and http://markjkohler.com/how-many-properties-should-i-put-in-my-llc/?inf_contact_key=7798f73b03f34189c37a4fa58d0e0c94b558ac75c935fe8c2a2a87fad33fdded

And check out his live events. I have been twice and going again this year: https://markjkohler.lpages.co/lane-kawaoka-seattle-wtw-2017/

How do i get good local answers? for example here in Houston a 20-year roof may only last 12-15 years, or so the roofers say. Would someplace like biggerpockets be the best place for questions like those?

Network with local investors.
Add value, don't be an ask-hole
Sometimes you are going to operate in the dark. Like the disclaimer says "in everything there is risk". If I take anything from my construction management jobs we always eat up the 10-25% project contingency because you never know what the unknown and unknowable is. Its funny because if you don't spend your contingency then that is a sign that you are over designing (wasting money) and not accelerating schedule enough. You can mitigate it with a mentor looking out for your best interests but that's about it. Buy right with cashflow and take into account contingency.

Lastly, I am quite nervous over this new unknown but i have the W2 income to cover a rental so it's really just head vs. gut. Any links to general info you could pass my way would be greatly appreciated. I am also trained as an engineer and so you probably can sympathize with the need to analyze things to death.

Cool, you can keep doing what you are doing and you know what is going to happen. Or you can follow the less beaten road and follow in the footsteps of people who have what you want.

Really enjoyed the topics on the last podcast. Wouldn't mind a more in depth analysis and discussion. I've been thinking a lot about lease vs buying a used car (a la Millionaire Next Door). Also the renting vs buying a house. What do you think about with buying, you are locking in your payment for 30 years whereas the rent you'll pay will go up with inflation. Also, when there's some equity a HELOC can be pretty powerful. Plus, as a physician, I can get a No money down loan with no pmi. Do you think that changes the decision to buy?

I'll add this to the ask Lane. But I am not a fan of a Heloc cause you cannot get the whole equity amount as a loan. Normal maximums on Helocs are 80% therefore 20% is never really tappable. So when you are comparing the ROI make sure you are accounting for the 20% that just sits there.

People have been showing me a lot of development deals.

I am sure some people would be interested... personally, I just want stable cashflow in this market. I bring up this vague concept of the Sharpe Index. Part of this is that I know what is a 20% a year deal in MFH and that is all I need... I just need to be patient do what I do and I will hit my goals in a few years. It would be unacceptable for me to blow it just to get there in 1.5-2 years.
investinahp.com
7/3/2017
https://youtu.be/ySwhLQ1aFCU
http://simplepassivecashflow.com/spc064-fundamentals-ask-lane-llcs-helocs-vs-cash-outs-working-sellers-market-hedge-fund/https://soundcloud.com/user-685575156/spc064-fundamentals-asklane-investing-in-sellersmarkethelocs-vs-cashoutnetworking-tips-hedge-fund
24
63InterviewSPC063 – Interview - Sarah Pritchett another Passive W2 Employee investing herself out of the job and getting all she needs
Building up the portfolio off of MLS 25% returns Use condition of purchase to have big capex repaired Cashflow is 40-45% of rents collected Find the WHY behind the WHAT of financial independence She used the HELOC to power her investing Now she is trying out foreclosure and partnerships @29:00 I just decided to pass on a deal because it just did not fit based on what she said Do you say job well and do what else you enjoy I'm 29, grew up in Michigan (went to UofM- Go Blue!) where I joined Air Force ROTC and commissioned into the US Air Force. My first station was down in Florida and now I'm here in Colorado loving life. I do Program Management/Acquisitions related work for the military. What area of real estate do you plan to discuss? - SFH buy and hold rentals mostly, one duplex How did you get started in REI? - I've been pursuing Financial Independence since I plugged into Mr. Money Mustache's blog in December 2014. My goal was to make it by age 30 and I got there 10 months later. I started my journey by investing for Cash Flow (instead of flipping, etc). My first offer was Jan 2015 on short sale, first deal (not the short sale) closed July 2015. How many deals have you done? – Seven- about to be eight next week if all goes well What types of deals were they? - Four townhouses in FL where I used to live for the military and two condos in CO, duplex in MI, about to close on another one in MI Can you name something notable about these deals? - They have taught me a lot personally (relaxing more, empowering myself, taking me out of my comfort zone in a way the military hasn't), they allowed some great connections and teams. I've also only signed one deal in person. Most were mail outs but the most recent one I was out of the country for. What is the current focus of your business? - Financial Independence. Freedom.
investinahp.com
6/29/2017
https://youtu.be/ZHJZV1FgJ1k
http://simplepassivecashflow.com/spc063-interview-sarah-pritchett-another-passive-w2-employee-investing-job-getting-needs/Chris Rush is a seasoned real estate investor, serial entrepreneur and founder of Sidereal Management, Inc. Starting his real estate career in the family business as a teenager in the 1980’s, Chris has extensive experience in property valuation and acquisition; multiple, simultaneous capital expenditure real estate rehab projects; property leasing and management; financing and refinancing; syndication, fundraising and financial selling; and marketing and property sales.

Over the past decade through syndication, partnership and individual investments, Chris has acquired, repositioned and deposed of for profit over 1000 units in the Texas, Georgia, New Mexico, Arkansas and Washington markets. As a syndicator with Fannie Mae loan experience, Chris has an top-notch reputation among the multi-family investment community for providing exceptional value to investors and the community.

Chris is a 1995 graduate of the U.S. Naval Academy, Computer Science, B.S. and served 10 years on active duty excelling as a Navy pilot flying missions worldwide.

Started as a passive investor
Do a friendventory... are you surrounded by crabs?
25
62FundamentalsSPC062 - Fundamentals - 3 Things to do this summer for your rentals1. Ask assistance from your property manager for your tenants about lease option. An option for the tenant to purchase the home.
Make money for about $100 or $5000 into your pocket. A win-win for yourself as a homeowner and for the tenant.
2.Present the least idea to your tenants.
3.Do a little google search for property, tax, appeals. compts.
Appealing your property taxes.
investinahp.com
6/20/2017
https://youtu.be/cf2AU8x8Di0
http://simplepassivecashflow.com/spc062-fundamentals-3-things-summer-rentals/
https://www.biggerpockets.com/blogs/7810/63692-spc062-fundamentals-3-things-to-do-this-summer-for-your-rentals?created=1
https://soundcloud.com/user-685575156/spc062-fundamentals-3-things-to-do-this-summer-for-your-rentals
26
61#LaneHackSPC061 - #LaneHack - Frank Ostaseski - What the Dying Teach the LivingThose who find Simple Passive Cashflow seem have a common habit of delay gratification and Type-A personalities. We struggle to find balance from living today (YOLO) or living 50 to 100 years. Decisions and mindsets that are optimized for one end of the spectrum are a detriment to the goals of the other. Frank Ostaseski in his 1.5 hour talk "What the Dying Teach the Living" gives us great insights with his insights of working with those who are in the last leg of life. Personally I have giving up on trying to be a normal engineer and learn things on my own when I can compress learning curves and learn from the experience of others.
1) Don't Wait - What are you waiting on? Compress learning curves and get Real Estate coaching ;)
2) Welcome everything, push away nothing - we are free to be open?
3) Bring your whole self to the experience
4) Find a place of rest in the busy of things - don't wait until you are less busy
5) Cultivate don't know mind - your ego gets in the way of greatness, question everything
investinahp.com
6/17/2017
https://youtu.be/DkTCagPUX_c
http://simplepassivecashflow.com/spc061-lanehack-frank-ostaseski-dying-teach-living/
https://www.biggerpockets.com/blogs/7810-escaping-the-rat-race/63694-spc061-lanehack-frank-ostaseski-what-the-dying-teach-the-living
https://soundcloud.com/user-685575156/spc061-lanehack-frank-ostaseski-what-the-dying-teach-the-living
27
60#LaneHack
SPC060 - #LaneHack - Lease Don't Buy, Push money into the future and invest
-Whatever you have is the best way to go.
-Invest and use your money to grow 15-20%.
-This lease vs buy analysis guide describes various aspects of the lease/buy decision. It list advantages and disadvantages of leasing and provides a format for comparing costs of the options.
-Cash flow: Leasing often has a lower monthly payment compared to financing with the same loan terms, since with a lease you're paying for the depreciation during those years rather than the whole cost. If you need access to more cash every month, leasing may be more favorable.
-It is the principle that counts.
investinahp.com
6/6/2017
https://youtu.be/ysTbrBcMlM8
http://dev.simplepassivecashflow.com/podcast60-lanehack-lease-dont-buy-push-money-future-invest/
https://www.biggerpockets.com/blogs/7810/62434-spc060--lanehack-lease-dont-buy-push-money-into-the-future-and-invest?created=1
https://soundcloud.com/user-685575156/spc060-lanehack-lease-dont-buy-push-money-into-the-future-and-invest
28
59Interview
SPC059 - Interview - Amy Wan - Advises on syndication/crowdfunding law & fights for the bootstrap entrepreneur
-family has RE background
-did private money loans, fundrise e-reit
-was GC of a private money online lender
-now, does the equity piece as well with Trowbridge sidoti
-turnkeys, but just started a company that'll help RE syndicators, so the money is going towards that.
-Recently invested in a business coach that is providing great accountability mechanisms. I just started using productivity planner + 5 minute journal.
-Follow the money (instead of wasting time on little things), my life mission is to democratize law for the people, but it has to be substantial improvement. I'm not happy with the way law is practice today and how attorneys and clients are supposed to interact.

Here is my best attempt at explaining this… An accredited investor is a defined by the United States Securities & Exchange Commission as someone who makes a minimum of $200,000 ($300,000 if filing jointly) or has a net worth of 1 million dollars excluding personal residence. The significance of being an accredited investor is that you can invest in things that those with less money, cannot. You can also be something called "a sophisticated investor" which has a much more nebulous definition but essentially says you know what you are doing even if you don't have that much money.

These laws were put in place long ago to "protect" the average person from predatory activity. The irony of this all is that there is no protection for the average Joe, or pension funds for that matter, against investing in a wildly bloated stock market at record valuations. Every major trader out there knows we are in a bubble but there is no protection for individuals dumping money into their retirement accounts to buy mutual funds.

It's an archaic system which makes little sense. Certainly, there has been some recognition of this fact. The 2012 JOBS act made it easier for Main Street America to participate in "alternative" investments via crowdfunding and made it easier for sponsors to advertise previously unknown opportunities. However, we have a long way to go.

I would advise you that you need to know the lead syndicator personally. None of this "we met at a local REIA and he pitched me his deal". If a guy does not have a list of solid investors they must lack the track record.

Contact info:
Crowdfundinglawyers.net
Amywanlaw.com
@amyywan
investinahp.com
6/4/2017
https://youtu.be/qhr57SmU-V0
http://dev.simplepassivecashflow.com/spc059-interview-amy-wan-advises-syndicationcrowdfunding-law-fights-bootstrap-entrepreneur/
https://www.biggerpockets.com/blogs/7810/62388-spc059---interview---amy-wan---advises-on-syndication-crowdfunding-law?created=1
https://soundcloud.com/user-685575156/spc060-interview-amy-wan-advises-on-syndicationcrowdfunding-law-fights-for-the-bootstrap-entrepreneur
29
58InterviewSPC058 - Interview - Kent Lapp and discussions over jumping into real estate investingStart with SFH
Think these are your options... what do you want
Use real estate depreciation to offset business income
Lesson learned... don't be your property manager
#IntermittentFasting
The value of coaching and the network with it
Have a manager manage your investment - find the key person
Buy and airplane too
Enjoy the simple things
Earn you seed money in your twenties if you are starting right
investinahp.com
5/28/2017
https://youtu.be/4jQLxgIaV4Y
http://dev.simplepassivecashflow.com/podcast58-interview-kent-lapp-discussions-jumping-real-estate-investing/https://soundcloud.com/user-685575156/spc058-interview-kent-lapp-and-discussions-over-jumping-into-real-estate-investing
30
57#LaneHackSPC057 - #LaneHack - Computer productivity hacksTime is the Most Important thing!
Time is short we are limited in the number of days we have. The other day I need to scrub rent rolls and get Zillow... perfect job for a VA.
Pull all vendors and email for Atlanta Indy Birmingham
Use the VAs I use with 10 hours for free
investinahp.com
5/25/2017
https://youtu.be/n8gV1kDmOJA
http://dev.simplepassivecashflow.com/podcast57-lanehack-computer-productivity-hacks/https://soundcloud.com/user-685575156
31
56Interview
SPC056 - Interview - Sep Bekam - W2 Electrical Engineer never looks back and why he does SFH and not MFH
Sep Bekam is a full time real estate investor and was able to get out of the rat race when he was 31 years old. He currently invests in 4 states and has acquired a portfolio of 50 houses and 80 apartments with his investors. Sep has been interviewed twice on the Real Estate Guys Radio Show and recently co-founded a real estate crowdfunding company. He enjoys helping other investors avoid making the same mistakes he did when he first started.

Quitting your job frees up so much time to progress business
2009 came around and getting fired was the best thing!
Oh no investing in stocks like Washington Mutual

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.)
• Six figure range
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 (you got fired) trigger?
1. Live in Orange County, California
2. Love to travel, paintball, attend seminars
2. Went to school for electrical engineering because that’s what I was taught
4. Started working and felt like Office Space
5. Was very stressful, 2008. Recession hit, I had a nasty, egotistical boss (also an engineer)
6. I was told when to go to work, when I could take a break, when I could eat, and when I could see my friends and family.
7. And then I was laid off after 4 months. I go to school for 26 years to be laid off after 4 months
8. Then went on to pursue masters in robotics
9. Cousin introduced me to Robert Kiyosaki’s book called Conspiracy of the Rich
10. Fell in love with real estate investing. Found podcasts
11. Big influencers: Real Estate Guys (Robert Helms & Russell Gray), J Massey, David Lindahl, Ken McElroy
12. Got the cash flow bug. I wanted to own apartment buildings. I thought it would give me freedom so I could stop trading time for money.
13. Tried investing in OC but nothing cash flowed. Then I began searching for markets that had properties with better cash flow. Everyone told me I was crazy and I should invest locally
14. Bought my first 2 properties in Phoenix. Two 4-plexes.
15. Evictions, broken windows, bleach on the carpets, management excuses, etc. while working full time job
16. When I started investing, I made virtually every mistake possible: overpaid for properties that appraised low, meth labs,
Robert Helms: “Live where you want to live, invest where the numbers make sense”
• Investor Identity - Why does it matter?
• Marketplace: How to find good emerging real estate markets
• Team: Team includes: Property Manager, brokers, leasing agents, evictions Attorney, contract review attorney, Mastermind, insurance brokers, public insurance claims adjusters, CPA, tax attorney, securities Attorney if you are raising capital, etc.
• Deal:
-Self managing vs.hiring a property manager. Managing the Manager
-If I fail, it's my fault. If I succeed, it's because of my Team.
Why I am focusing more on single family rental portfolios than apartments?
• When the crowd is going one way, there is a lot of opportunity in the opposite direction
• Gurus often compare owning 1,000 apartments to self-managing 1 house
• Why not manage your houses like an apartment complex?

3) Worst life/business moment what did you do after? Lesson learned?
-When a bank tried foreclosing on one of my apartment complexes…even though we never missed a mortgage payment.

4) A mark of a high performer is to put your ego aside and accept the help of others and mastermind. 2 week experiment and 6 month project? (90-180 day goal) Perhaps people can help you out? Any secret habit to share?
Secret Habit #1: Fast way to underwrite deals: 1.5% rule
Secret Habit #2: Surround yourself with investors that are ahead of you. Not the talkers.
Secret Habit #3: Investor Identity

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.
• Simple Passive Cashflow number: $50,000/month.
• Double that: $100,000/month
• Travel to Europe 6 times a year. Underwrite deals while living in Lake Como, Italy for 3 months.

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
• I could hire more employees, expand the team, invest in additional marketing to be able to help, teach, and create 1,000 millionaires per year.

7) 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 this was your final words of wisdom, what is your secret to the "Science of Achievement?" And "Art of Fulfillment?" How you do contribute back?
At the Unleash the Power Within seminar, Tony talked about the importance of measuring all of the important aspects of life to ensure fulfillment:
Draw a wheel (circle) on piece of paper and divide it up into 7 or 8 spokes. In each spoke, write the following:
1. Finances
2. Relationships
3. Time
4. Body
5. Emotion
6. Mission
7. Contribution
Then shade each spoke from the center on a scale of 1 to 5. 1 being awful and 5 being excellent. When you're done shading each wheel, you'll notice that some areas might be a little bit off balance. Just like the tires on your car, if they are off balance then your car can’t go as fast or run as efficient. It’s important to make sure that the wheel is balanced.

8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
Facebook: Sepehr Bekam
Like Our Facebook: Real Estate Investing Quotes
Look back at the turns in your life and how it lead you to simple passive cashflow

Listen to the investor first and don't just bring the deal... what are they looking for!
investinahp.com
5/17/2017
https://youtu.be/og5RGRPmUAI
http://dev.simplepassivecashflow.com/podcast56-interview-sep-bekam-w2-electrical-engineer-never-looks-back-sfh-not-mfh/https://soundcloud.com/user-685575156/spc056-interview-sep-bekam-w2-electrical-engineer-never-looks-back-and-why-he-does-sfh-and-not-mfh
32
55FundamentalsSPC055 - Fundamentals - Ask Lane - U Haul Crane Report, Turnkey Apartments, Clay PipesVan lines and u haul report
Similar to how there are turnkey providers for single family that manage everything, is there anything similar for multi family/apartments? spring lake plumbing and tv clay pipes
http://assets.rlb.com/production/2016/06/22082434/RLB-Crane-Index%C2%AE-North-America-January-2016-1.pdf
https://www.google.com/search?q=Rider+Levett+Bucknall+North+American+Crane+Index&oq=Rider+Levett+Bucknall+North+American+Crane+Index&aqs=chrome..69i57j0.343j0j4&sourceid=chrome&ie=UTF-8
investinahp.com
5/9/2017
https://youtu.be/jxO3gj_hI28
http://dev.simplepassivecashflow.com/podcast55-fundamentals-ask-lane-u-haul-crane-report-turnkey-apartments-clay-pipes/https://soundcloud.com/user-685575156/spc055-fundamentals-ask-lane-uhaul-crane-report-turnkey-apartments-clay-pipes
33
54FundamentalsSPC054 - Fundamentals - Debt Deal vs Equity DealDebt deal typically has less risk but less reward
Equity deals have a lot more options on how returns are paid out.
Which fits in your portfolio?
Sign-up for the HUI Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3
investinahp.com
5/5/2017
https://youtu.be/9v63bw067go
http://dev.simplepassivecashflow.com/podcast54-fundamentals-debt-deal-vs-equity-deal/
https://www.biggerpockets.com/blogs/7810/62307-fundamentals---debt-deal-vs-equity-deal?created=1
https://soundcloud.com/user-685575156/spc054-fundamentals-debt-deal-vs-equity-deal
34
53#LaneHackSPC053 - #LaneHack - Gary Vaynerchuk - Three Keys to SuccessSelf Awareness - Know your skill set
Hard Work - Out of the three this is what you have most control of
Empathy - Without this you will not be a good Leader and your business will eventually fail
Take stock of yourself
investinahp.com
5/9/2017
https://youtu.be/-LZOi20hPII
http://dev.simplepassivecashflow.com/podcast53-lanehack-gary-vaynerchuk-three-keys-success/
https://www.biggerpockets.com/blogs/7810/62572-spc053---lanehack---gary-vaynerchuk---three-keys-to-success?created=1
https://soundcloud.com/user-685575156/spc053-lanehack-gary-vaynerchuk-three-keys-to-success
35
52FundamentalsSPC052 - Caeli Ridge - All About Financing Single Family Homes with Government Subsided Fannie Mae or Freddie Mac LoansFannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden tickets
Some Credit Unions have portfolio loans but it's all going back to the Government
As of 4/2017 - 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book
1) Credit Score - 720 or greater in spots 7-10
2) Assets - Liquid and Non-Liquid for down payment (must be sourced and seasoned 2-months liquid) and cash reserves needs 1-6 liquid or non liquid for subject property needs to show 6 months PITI plus 2 months for each other property in addition. For property 7-10 you need 6 months PITI for all properties
3) Debt to Income (DTI) - 50%
We get to use 75% of the supposed rents as income in DTI
LOE - Letter of Explaination
Price adjustments
30 day rate lock
Timing the appraisal
Portfolio loans
Delayed Financing
If you want to buy a rental the first thing to do is talk to a lender. And btw don't buy with all cash.

If you are buying more properties have them look at your tax return to look at your DTI
investinahp.com
5/13/2017
https://youtu.be/iARgYAOIfAs
http://simplepassivecashflow.com/podcast052-fundamentals-caeli-ridge-financing-single-family-homes-government-s/
https://www.biggerpockets.com/blogs/7810-escaping-the-rat-race/61630-spc052---caeli-ridge---all-about-financing-single-family-homes-with-go
https://soundcloud.com/user-685575156/spc052-fundamentals-caeli-ridge-financing-single-family-homes-with-government-subsided-fannie-mae-or-freddie-mac-loans
36
51#LaneHackSPC051 - #LaneHack - Using VAsTime is the Most Important thing!
Va time is short limited number of days the other day I need to scrub rent rolls and get Zillow
Pull all vendors and email for Atlanta Indy Birmingham
Use the VAs I use with 10 hours for free
Email Lane to try out the VAs
investinahp.com
5/17/2017
https://youtu.be/aOgZ6d1k2Uw
http://simplepassivecashflow.com/spc051-lanehack-using-vas-10-hours-free-va/
https://www.biggerpockets.com/blogs/7810/60429-spc051---lanehack---using-vas-and-10-hours-of-a-free-va?created=1
https://soundcloud.com/user-685575156/spc051-lanehack-using-vas-and-10-hours-of-a-free-va
37
50InterviewSPC050 - Interview - Mark Kenney - CPA to Apartment Syndication
Mark is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 20 years ago and has extensive experience in property valuation, acquisition, and operations. He has a passion to help others succeed in the multifamily arena.

Mark is invested in 1,750 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.

Mark is a 1993 graduate at Michigan State University in Accounting and is a CPA. He has provided IT consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for organizations such as KPMG Consulting, EDS, SAP, HP, and founded Simplifying-IT which provides IT services to fortune 500 companies.

1) How much simple passive Cashflow are you making today and how are you doing it?
The income from multifamily investing has allowed me to stop IT consulting completely and focus 100% on real estate investing.

2) What is your Han Solo moment - I was already successful in my IT career. However, I had very little passive income and no freedom. So, I decided to cut my IT consulting way back and focus on real estate. I actually took a pretty big income hit initially, but I was following my passion. I have moved to full-time as a real estate investor. Also, my wife Tami does real estate full-time with me as well which allows us to spend a lot more time together.

3) Worst life/business moment what did you do after? Lesson learned? would say don't chase money & don't partner with people that do not share the same core values as you. Chase people that you trust and can learn from.
I have always been very good at the transactional pieces of real estate. I was also pretty good at meeting goals without ever putting them on paper. I have learned that every business is about relationships. You need to build long-term relationships and surround yourself with people that are better than you. Personal development can be overused by people, but if you find the right person to help you in the right way, your whole world can change. You still need to take action on your own…others will not do it for you.

4) Current 2-week experiment and 6-month project? (90-180 day goal) We are building an educational program for Apartment Investors, currently based in Dallas. We had a 1 Day training event in Nov, 2016…that went really well. We will hold our 1st 2-Day Apartment Investor Workshop in Dallas on January 21-22nd…which is hand-on training…allowing Investors to become much more educated about Apartment Investing including analyzing deals.
Our goals are to create events for the New Investor as well as those wishing to expand on their current knowledge on Apartment Investing… We want our events to be Fun and Educational while providing opportunities for Investors to build relationships and not just collect business cards.

5) What is your simple passive Cashflow number?
First off, I would be on a beach somewhere. I would get up and go to the gym with my wife. Then go out to breakfast with the family. Do something active such as bike riding or hiking. Head to lunch. Review real estate deals that others have already vetted and look good. Go to the pool/beach. Get on a jet ski or boat. Talk to someone that needs help with a real estate issue. Go to dinner in a sports car. Go to a movie or dancing (if my wife can convince me to go).

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
Considering upgrading my car. I have had it since 2009. I absolutely love cars, but don't drive that much so it is hard to justify buying a nicer one.

7) 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?

Achievement is not how much money you have. Yes, it is nice to have money and live comfortably. But, money can be taken away in a minute. You need to have a balanced life that includes…career, spiritual, physical, knowledge, etc. No matter how big you get or how good you think you are, you MUST always stay humble. If you don't humble yourself, someone else will.

b) What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?
Zig Ziglar has a great quote “You can have everything in life you want, if you will just help other people get what they want.”
I have a big desire to help others meet their real estate goals and share everything I know. I do not want to see others struggle learning apartment investing because information and experience is available to help them.
I get fulfillment when I am working towards being the best husband and father I can be.

www.thinkmultifamily.com
Find something you want to do... it may not be your day job.

investinahp.com
4/10/2017
https://youtu.be/uzY_7ZzpBkU
http://simplepassivecashflow.com/podcast050-interview-mark-kenney-cpa-apartment-syndication/
38
49FundamentalsSPC049 - Fundamentals - Why not to buy cheap $50K propertiesWhy not to buy Turnkey under 50k.
1) not worth financing... If you're not financing then what's the point
2) bad tenant quality
3) no exit strategy because no one will want to buy it other than a sucker investor
Don't be silly and go after big Rent to Value ratios. It's not all numbers.
investinahp.com
4/3/2017
https://youtu.be/HmmBi31LxZs
http://simplepassivecashflow.com/podcast-49-fundamentals-not-buy-cheap-50k-properties/
39
48InterviewSPC048 - Interview - Kenny Wolfe - Got $50K? Move over SFHs!Kenny Wolfe is an apartment syndicator today but it was not always like that
At 33 years old he left his CFO position and went full time REI
2016 might have been the peak (100 deals, 10 look ok, and one offer)
5.25% interest rate at early 2017, 1.25 DSCR is a hard underwriting figure
At 24 years old bought and failed at a tanning salon
MFH Property Management is much more responsible
Treating investing like a business with an office and professional documents
If you need a VA I am a partner of a VA firm that offers super qualified staff for a variety of tasks. Get creative and send me an email if interested in a free 10-hour trial.
www.Wolfe-re.com
Look at how much you are working with and ask if you need to go big. Setup a call with Lane@simplepassivecashflow.com

If you need a VA I am a partner of a VA firm that offers super qualified staff for a variety of tasks. Get creative and send me an email if interested in a free 10-hour trial.
investinahp.com
4/1/2017
https://youtu.be/AsBAuUfN1jM
http://simplepassivecashflow.com/spc048-interview-kenny-wolfe-got-50k-move-sfhs/
40
47FundamentalsSPC047 - Fundamentals - City Fines, Special Webinar Announcement, DealflowI am opening the kimono and getting naked… I am hosting a free webinar showing my 2017 results from my 10 SFH personal portfolio.

WHEN: 6PM, Monday April 3, 2017

It is only available to those who have signed up for the HUI Deal Pipeline Club. Click here to sign up!

Complete Private Form to get on the Guest List:
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y

You will learn the following:
-See how I use excel to track each property performance per the Schedule E
-See how I track overhead ie meals and other fun purchases like my beloved Apple EarPods
-What metrics I keep track of
-How much money I made last year
-What was my average returns
-How many of the properties actually lost money
-This may never be seen again! - I do not know if I will release/record this to the public for obvious reasons so this may be the only chance for you to see this.

Please reply back to me to unsubscribe and I will not email you again.

Check out the first few foundational podcasts and then start on this checklist:
https://docs.google.com/document/d/1HE9pEJU9s8IZWvQJ-rNOH8qPxCtr9100i9GFiaeVaYQ
And if you need help starting a SFH portfolio or Turnkey Rentals...
https://docs.google.com/document/d/1AuiPk8ABaA3vu1VzbUsfRiFQLEt-LXtUfI6GcwxgnsE

Commentary of the market from my crystal ball:
The Fed and Executive branch are in conflict. Both want control and want to wrestle control away from the other and make the other look bad.

Look out for instability in China as it might be the trigger for economic weakness.
This is only available to those who have signed up for the HUI Deal Pipeline Club. Click here to sign up!
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y
investinahp.com
41
46#LaneHackSPC046 - #LaneHack - Getting creative with reminder emails to yourself in the futureTry followupthen here:
http://fut.io/a?c8e833513f
Automate your repetitive reminders
investinahp.com
42
45FundamentalsSPC045 - Fundamentals - Private money lending (PML)How does and does PML fit in your investing portfolio.
investinahp.com
43
44#LaneHackSPC044 - #LaneHack - Automate your meeting schedulingAssistant.to handles scheduling one-on-one meetings directly from your Gmail and Google Calendar. Select the days and times you're available and then share those slots with your contacts. The app continuously monitors your schedule to eliminate double bookings and time zone mistakes. Invitees can select their desired meeting time simply by clicking in the email, and the event will sync with their calendars on Outlook, Google, Lotus Notes and more. No need for recipients to open a website or create an account. Integrates with GoToMeeting, Cisco WebEx and more. Comes as an extension for Chrome users. Free.*

Calendly integrates with Google, Outlook, iCloud and Office 365 to create a personalized email or embedded URL where contacts can select and schedule appointments based on your customizable availability and time limits. Helps eliminate double bookings and time zone issues. Free for a basic package. Premium plans start at $8 per month per user.*

Rallly helps you collaborate with others by creating a simple event URL page to share with friends, clients or coworkers. Attendees can discuss the agenda as well as vote on the best time for a meeting. Works great for bigger groups, masterminds, book clubs or even social gatherings. Free.*

YouCanBook.Me connects to your Google, Microsoft or iCloud calendar and shares your pre-selected meeting times and durations with your customers and contacts via website, Facebook or email. Customizable branding, confirmations, reminders, and follow-ups for you and your customers help reduce no-shows. Free for basic plan. $10 per month per calendar without branding.*

Make scheduling headaches a thing of the past with one of these amazing apps.

*Prices and availability at time of writing.
Use an automated meeting scheduler
investinahp.com
http://simplepassivecashflow.com/podcast-44-lanehack-automate-meeting-scheduling/
44
43FundamentalsSPC043 - Fundamentals - Why you should not quit your day W2 jobAvoid the knee jerk reaction to quit your jobSign up for the HUI Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3
investinahp.com
45
42InterviewSPC042 – Interview - Keith Weinhold of Get Rich Education - Be an Investor not a LandlordYou don't need to be as hands on as you thinkTo avoid the pitfalls for with Lane:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
investinahp.com
46
41FundamentalsSPC041 – Fundamentals - Mindset with Casey Stanton - Peer Groups, Conations, Functional TeamsYour mind can be what is holding you backEvaluate the closest people in your life
investinahp.com
47
40FundamentalsSPC040 - Fundamentals - Damion Lupo - QRPs, SDIRA, Morbid backdoor accounts, wall street issues, solo 401ks, precious metals, in service roll over & negative interest ratesWhat to do with your 401khttp://totalcontrolfinancial.com/spc
investinahp.com
48
39InterviewSPC039 – Interview - Vinney ChopraGive your broker both sides of the commissionSmile
49
38FundamentalsSPC038 – Fundamentals - Insurance w Ed Babtkis - Deductibles, actual cash value vs replacement cost, liability coverage, umbrellas, bad-blanket policies, additional insured or insured beware80% of insurance knowledgeEmail Lane for referral: Lane@simplepassivecashflow.com
50
37InterviewSPC037 - Interview - Venkat Avasarala - 20 SFH to MFHGoing from SFH to MFHEvaluate your long term investing plan
51
36InterviewSPC036 - Will Crozier - Flipper to MFH Syndicator in DallasRelationships is the most important thing
52
35InterviewSPC035 - Dave Zook apartment syndicator and author of Chicken Coops for DummiesMFH is better than SFH
53
34InterviewSPC034 - Jorge Newbery goes $28 million into the hole and the fight to get back to evenWhat do you do when you go into the hole and pull yourself out!investinahp.com
54
33InterviewSPC033 - Marco Santarelli from Norada real estate talks about real estate, building the business, and cleaning the poolThinking about investing and business as two separate pathsTo avoid the pitfalls for with Lane:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
55
32InterviewSPC032 - Bill Manassero from the Old Dawgs REI NetworkUndercover landlord
56
31FundamentalsSPC031 - Hacking Life Insurance for Tax Free Double DippingOverfunded whole life... Not Whole life, not term, not this indexed stuff. We want to maximize liquidity and use the cash value to invest in other higher profit ventures and get the security and tax benefits of life insuranceEmail Lane for referral: Lane@simplepassivecashflow.com
57
30InterviewSPC030 - Patrick Herbig - My Co-Worker and 18-Plex Owner Going Big with Apartment SyndicationBuying when I was scared was the best thing that happen to me. Take the time to celebrate milestoneshttps://patrickherbig.com/
58
29FundamentalsSPC029 - Fundamentals - Markets & Grades of Buildings and NeighborhoodsConsciously know what market class you are looking for and whyAdd this to you selection criteria
59
28InterviewSPC028 - Chris Myles explains the downside to using Helocs to pay off mortgages & a teaser on life insuranceUsing Helocs and SDIRAs are tools and not for every situation... despite what the guys selling them sayTo avoid the pitfalls for with Lane:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
60
27FundamentalsSPC027 - Renting is better than owning - Frugality Sucks - Your peer groupChallenge normal conventionsThink for yourself. Don't take so called advice for gospel.
61
26FundamentalsSPC026 - The Cons of Turnkey Real Rentals with Alex FranksKnow the down sides of Turnkey rentals and know that when buyingTo avoid the pitfalls for with Lane:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
62
25InterviewSPC025 - Joey Noel Turn Key Rental Buddies InterviewWork off referralsNetwork! Ask Lane about the Secret Hui Facebook
63
24InterviewSPC024 - Tarl Yarber Master Flipper Gone Cashflow Interview"You destiny is shaped in your decisions" -Tony RobbinsAsk where are you heading? Is that where you want to go? If not change something!
64
23InterviewSPC023 - Cashflow Fails, New Project, 80LTV Loans, Interview on Wealth Formula PodcastAsk yourself where you are wasting your time for a small cost savings or pain in quality of life?
65
22InterviewSPC022 - Full-Time Accountant & Passive Real Estate Investor - Connie CaoNeed to get off your butt and Google it and figure it out!Ask if you are a Doer or talker?
66
21InterviewSPC021 - Holistic Non-Commission Based Financial Coach - Chris Miles of MoneyRipplesIf someone is not financially free... why take advice from them?Fire your commision based Financial Planner
67
20InterviewSPC020 - Lifestyle Design Coach Interview - Erica DuranShe was eating lunch and said she quit her job!Rethink what is it that you want in your life
68
19FundamentalsSPC019 - 1031 Tips and Tricks (Guest Appearance Jason Hartman Podcast)A lot of nuances about this 1031If you are doing this setup a call with Lane:
https://calendly.com/simplepassivecashflow/20
69
18FundamentalsSPC018 - Webinar AnnouncementSee how I do a quick query on potential propertiesGo to the Video section on Simplepassivecashflow.com
70
17InterviewSPC017 - Passive Investor Interview - Dr. Buck Joffrey of Wealth Formula PodcastFinally someone who is not doing what everyone else is doingPlease leave a review? Or Share on Facebook! Please!
itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347
71
16FundamentalsSPC016 - HVACs + My Stock Trading Past + Who SPC is Voting forThere are costs associated with rentals but in the end it will work outShare podcast with a few friends... you become the 5 people you hang out most with
72
15FundamentalsSPC015 - 9 Turnkey listener questions Part 1Free deal analyzer spreadsheets:
https://drive.google.com/open?id=0B4gFjCt6Knc1eUJlSFduV0hiZ0U
Looking for mentorship/turnkey services/apprenticeship/partnership:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
73
14FundamentalsSPC014 - 22 questions to ask a turnkey providerUse these interviews to learn about what is right and get data pointsSend Lane an email to request question list:
Lane@simplepassivecashflow.com
74
13InterviewSPC013 - Guest on Joe Fairless PodcastBuying turnkey rentals is one way of building passive incomehttps://docs.google.com/document/d/1HE9pEJU9s8IZWvQJ-rNOH8qPxCtr9100i9GFiaeVaYQ
75
12FundamentalsSPC012 - 9 Properties in 5 Months via 1031 ExchangeLook at the amount of deployable equity and think is this the best and highest useIf you are doing this setup a call with Lane:
https://calendly.com/simplepassivecashflow/20
76
11FundamentalsSPC 011 - The Warning Label for Passive Investors when on the BiggerPockets ForumsThink for yourself. Let people with no job, no income, no money take risks in flippingTake action 70% of it is doing
77
10FundamentalsSPC010 - How to Hack Real Estate with Abundance MindsetMindset of the investor who has money and looking for what's nextDecide what you really what in life and design that lifestyle. Not what you were programmed to want.
78
9FundamentalsSPC009 - Essential Real Estate Books and Business BooksDon't read too many books!Buy these books now: https://kit.com/SimplePassiveCashflow
79
8FundamentalsSPC008 - Three Ways to Calculate Cap-Ex... so you don't get screwed a year into the futureMake sure you account for Cap Ex in your underwriting Add this to your spreadsheets
80
7FundamentalsSPC007 - How Mom & Pop Investors Fail - ROE - Return on Equity MetricLook at the amount of deployable equity and think is this the best and highest useStop listening that that so called investor who says to "buy real estate and hold forever"
81
6FundamentalsSPC006 - The Key Take Away from the Board Game “Settlers of Catan”Syndications, Turnkey Rentals, Lending all passive investing tools in the toolBuy the game here:
https://kit.com/SimplePassiveCashflow
82
5FundamentalsSPC005 - So you want to buy a Turnkey RentalTurnkey rentals is a good way Contact Lane for help with buying turnkey rentals
Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3
83
4FundamentalsSPC004 - All cash questionEvaluate the return on investment per initial amount invested and evaluate the time
84
3FundamentalsSPC003 - Rent to value ratioThis a great way of evaluating properties very quicklyFree deal analyzer spreadsheets:
https://drive.google.com/open?id=0B4gFjCt6Knc1eUJlSFduV0hiZ0U
85
2InterviewSPC002 - About meLane is a cool guyLooking for mentorship/turnkey services/apprenticeship/partnership:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo
86
1FundamentalsSPC001 - SimplePassiveCashflow.com Podcast IntroductionThis Podcast is for Passive Investors with busy lives and not looking for another jobShare with friends:
Google Android Phones:
https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_Podcast

Apple iPhone:
https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2
87
88
89
3/23/17
90
91
92
93
94
95
InterviewSPC - Interview - Mark Walker - Verify shady characters - that's a scare tactic title ;)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. Though 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 I was becoming increasingly frustrated with the corporate world, and that drove me to become even more focused on escaping the rat race.
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)?
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.

3) Worst life/business moment 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.”

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.
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.

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.
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.

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quantity of life.
Telsa P100D – so incredibly impractical, but really cool.

7) 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 Telsa. 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).

8) 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
96
FundamentalsSPC - Fundamentals - Paying for College Expenses with Coverdales, 529s, and hacking Finacial Aid with Brad BaldridgeBrad Baldridge is a late-stage college planning specialist. He helps parents of high school student 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.

Coverdale 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, some states have special breaks based on where you live
Do the Coverdale first then the 529 in most cases
tuition, fees, computer, room and board, precribed 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 so you get 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 colledge.
Can't use trusts to hide the assest, but can use irrevokable trusts
There are tax credits but check you taxable income so you don't phase out
97
FundamentalsSPC - Fundamentals - 1031 Exchange tips with Russell Marsan of IPX1031
98
Host Notes:
1) please leave an iTunes review -
A)the more reviews the more iTunes ranks this podcast
B) Help fight negative one-star reviews

2) share it with friends because if you don't... soon you won't have any friends to have mid-day lunch with when you are not doing anything
2) go to the 'Network' tab on simplepassivecashflow.com and sign up for the investing database for HUI Deal Pipeline Club - Curated deal list

3) Please email it to your friends. I realize no one is going to share it because everyone is friend with work friends and afraid of leading a secret life of an investor.
3) If you have a MFH 50 unit or higher deal send it over and I can run it through my analyser

Hi there,

Lane Kawaoka is inviting you to a scheduled Zoom meeting.

Topic: Lane Kawaoka's Personal Meeting Room

Join from PC, Mac, Linux, iOS or Android: https://zoom.us/j/6620655819

Or iPhone one-tap (US Toll): +16465588656,6620655819# or +14086380968,6620655819#

Or Telephone:
Dial: +1 646 558 8656 (US Toll) or +1 408 638 0968 (US Toll)
Meeting ID: 662 065 5819
International numbers available: https://zoom.us/zoomconference?m=3POsAKPDyAdwukLWwM0DfRdF_rilbNrL



Interview
https://docs.google.com/document/d/1dMMW7LzqDy36ifLFzXFU85GjlM4-N1GHhVt6MqBBDUQ/edit?usp=sharing

Case Study
https://docs.google.com/document/d/1ffdKPSn4t-umKm-MhicLDfGThorZovnFy8GhaP70I20/edit?usp=sharing

Topic specific
https://docs.google.com/document/d/1AXRMFomRgqvuOGW1bOKpngLiJsLQ-EAB7ztybyPMjHg/edit?usp=sharing
99
100
InterviewSPC - Interview - Buying and Selling Businesses with Ace ChapmanAce 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 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.

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

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.

7) 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
Loading...
 
 
 
Master Sheet
Book Club
Master Spreadsheet - Bri Version