The Master Simple Passive Cashflow Podcasts List & #LaneHack
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Podcast #Fundamentals/
Interview/
#LaneHack
TitleTakeaways/Show NotesAction ItemSponsorDate ReleasedURL - YouTubeEmbed Code- YouTubeURL - Simple Passive Cashflow.comBiggerPocketsPippa
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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-existing relationship.
Setup a call here: https://calendly.com/simplepassivecashflow/20/

SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks.

Check out my Free Resources Below:
1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:
Simplepassivecashflow.com/club

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

2) Join a Social Club:
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3) Subscribe to my podcast on iTunes or Google Play.

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Stitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcast
Spotify: https://open.spotify.com/show/1TrHc3fc8ZGw4mX3yK76rS
iHeart Radio: https://www.iheart.com/podcast/simple-passive-cashflow-podcast-29238009/

4) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.

5) Please leave a review for the podcast!
http://getpodcast.reviews/id/1118795347

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

7) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing
3
138Fundamentals
138 - Fundamentals - Crypto Currency Basics with Andy Lapointe.mp3
YouTube Link:

Also check out Buck Joffrey's podcast on cypto: https://itunes.apple.com/us/podcast/consensus-network-cryptocurrency-news-education/id1436793238?mt=2

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Is dealing in Cryptocurrency dangerous?

Bitcoin grew in value by 1,000% in 2017.

Ripple was the best performing crypto, which had gains of 36,018% last year due to its ease of use. Each coin of Ripple is worth a small fraction of a Bitcoin. The technology makes it easier for banks, payment providers and businesses to send payments globally. They promise to deliver an experience that is instant, traceable, and inexpensive.

NEM is an enterprise blockchain with “smart assets.” It can also be used to manage things like currencies, financial instruments, supply chains, and notarizations. Think how eBay or Amazon takes data from UPS or USPS to track your packages, but a lot bigger.

Other Cryptos:
Ardor
Stellar
Dash
Ethereum (2nd biggest Cypto)
Golem
Litecoin (getting in mainstream vernacular)

BitcoinLearningCenters.com by Andy LaPointe

Mr. LaPointe created this complete bitcoin learning system from the ground up!
You will learn practical insights into this global phenomenon. By the end
of the interview, you will also have a practical understanding of
cryptocurrencies, blockchain technology and Bitcoin.
The information that Andy LaPointe will share is entertaining, insightful and easy-
to-understand. No matter who you are or your background, the information he’ll
share will help anyone to get started with cryptocurrencies today.

You listeners will learn:
- What is a Blockchain?
- What is Bitcoin?
- What is cryptocurrency?
- How blockchain and Bitcoin are related.
- How to determine if investing into cryptocurrencies is right for you.
- What are some of the misconceptions about Bitcoin, cryptocurrency
and blockchain.
- How to create the right cryptocurrency portfolio for you and your
financial future.
- And much more!

ABOUT THE AUTHOR:
Prior to getting involved with blockchain technology in 2013, Mr. LaPointe spent 15 years in the corporate world as a Registered Investment Advisor (RIA), Series 7 Stockbroker and Mutual Fund Wholesaler. He offers deep knowledge of the financial markets, blockchain technology, asset allocation, risk tolerance and cryptocurrency.
Andy LaPointe lives in Northern Michigan and is available for interview by calling 1-231-676-0643 (Eastern Standard Time) or email: lapointeandy@yahoo.com
– Instant Availability
Or visit: www.BitcoinLearningSystems.com
4
137Fundamentals
137 - Fundamentals - Bonus Depreciation via Cost Segregation Studies with John Collins
YouTube Link:

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

5
136Interview
136 - Changes in the Residental Lending World w/ Graham Parham
YouTube Link: https://youtu.be/AT6x3ViRPos

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Graham Parham: New Awards:

#1 in units at Highlands Residential Mortgage for 2017
#11 in state of Texas and 92nd in the US according to The Scottsman Guide and
Mortgage Executive Magazine – 1% top originators in the US
Top Ranked – Ask A Lender


Discussion today is 1-4 unit income properties, not owner-occupied.

20% down on first ten financed properties? 25% for 2-4 units?
DTI considerations when using HELOC from primary residence to invest?
Credit scores down to 620. Max. credit score that helps?
Reserves?
New Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned

The Old requirements were six months Principle, Interest, Taxes, and Insurance (PITI) on the subject property and two on all other properties up to 4 leveraged 1 – 4 family properties excluding the primary residence. Properties 5 – 10 would require six month PITI on all properties.

The New requirements are based on a percentage of the unpaid principal balance on each loan excluding the primary residence.



If a borrower has 2-4 financed properties, the reserves of 2% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.


If a borrower has 5 – 6 financed properties, 4% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.
If a borrower has 7 to 10 financed properties, 6% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.
The aggregate UPB calculation does not include the mortgages and HELOCs that are on

the subject property,
the borrower’s principal residence,
properties that are sold or pending sale, and
accounts that will be paid by closing.
The subject property will still have monthly reserve requirements based on the total mortgage payment (PITI). Reserves are funds that you have access to liquid or non-liquid. Reserves are funds you need to have after the closing your transaction. Funds for reserves cannot be your funds for down payment or closing cost.

Fannie Mae now will allow for 100% of the Non-Liquid funds, not 60%

Non-Liquid funds can be used for reserve requirements.”



IRA’s


401K’s


SEP Funds






Gifts are NOT allowed on an investment property.

Investor interest rates how much higher than owner-occupied?
Mortgage sequencing. Example: if buyer wants to buy in Memphis today, Jacksonville next month, how should they plan?
Overall, lending climate more lose or tighter than 1 year ago? 5 years ago?
What should a prospective borrower do before contacting you?
1031 exchanges Cost and funding
What cost are covered in the exchange
What is UP with interest rates?

4 Factors that determine your mortgage interest rate:

Credit Score
Credit Scores Adjustments

740 +
740 – 720
720 – 700
700 – 680
680 – 640
640 – 620
% of down payment 20% or 25%
Loan Amount Adjustments
Property Type
What about the 15 Year fixed?

Does it make since to pay points?

What is the difference between Mortgage Brokers and Mortgage Bankers?

What are overlays?

Does Fannie Mae have a black list?

Are Appraisals regulated and by who?

Is there an appraisal black list?

What happens if the appraisal does not come in a contract price?

Closing cost differences between lenders

Should I pay cash for my investment properties or use leverage?

The next example will show the benefits of using 20% down leveraging for properties versus buying one property and paying CASH.

If you pay $150,000 in cash for one property, your net cash flow is $1245.00. By putting 20% down with an 80% loan to value and a 5% interest rate, your net cash flow is reduced to $600.81. Let’s not stop there. Keep in mind that 20% down payment on a $150,000 home is only $30,000. If you bought FIVE $150,000 homes and put 20% down on each with the same loan terms and monthly rents, you could increase your return on investment by $1759.05 a month to $3004.05. Invest your money wisely.

The net cash flows do not take into account the annual city, county and state property taxes and the annual hazard insurance. The numbers may vary considerately by the taxing authorities. You will have to include that information in your bottom line.

Graham W. Parham has been a Mortgage Loan Officer for over 18 years with 25 years

in sales and marketing. He is a leader of financial expertise in the North Texas

residential real estate market, developing a significant following among homebuyers

and investors. Known and respected industry-wide, Graham’s production consistently

ranks him as a top producer in this market place. According to Scottsman Guide

Graham ranked 92 nd in the US loan originators.

Graham offers invaluable insight into a purchaser’s likely requirements, providing an

exceptional business ethic of customer service and respect, catering to their needs from

pre-qualification to closing. He is a truly dedicated person, who strives to ensure that

each transaction is handled in a timely and stress free manner. By employing these

standards, Graham has established a solid reputation for going the extra mile to put

together the absolute best financing available for his clients. Graham prides himself on

staying ahead of the curve, keeping up to date with the latest products and industry

trends.

As an active investor himself, Graham has a strong insight on what his investment

buyers are looking for to accomplish their short and long term goals. Knowing that

investment loans strongly scrutinized, it is up Graham his team of underwriters who

understands rental property loans versus that of an owner occupied residence. His

general knowledge of REO properties and Turnkey providers coupled with a strong

operational staff allow his loan closings to be seamless and “On Time Every Time”

Highlands Residential Mortgage, LTD. is completely submerged in the real estate

investing industry and has access to many lenders nationally. Our clients benefit from

up to date guidance on all conventional investor loan programs, and less known

creative financing strategies. Knowing that an investment loan will be far more

scrutinized, it is Graham Parham and his team of underwriters who understand a loan

processed for a rental property versus that of an owner occupied residence.

Just as you would not seek legal counsel from someone who does not have a law

degree, nor should you trust a loan originator for your investment property loan from

someone that is not an investor themselves. Highlands Residential Mortgage, LTD. is

an unparalleled mortgage lender whose delivery sets us apart!

Graham Parham’s team mission is to consult every investor based on those

individualized situations and goals. Whether you are buying your first home or

investment property, we carefully look at your options that will give you the best

opportunity for success. Because we know how important your investment financing

strategy is, our extensive research and knowledge of those programs will be brought

forward in educating you as an investor, throughout the lending process.

“My goal is to continue assisting my clients for life and help them meet the ever-

changing needs life throws our way!”

6
135Interview135 - Interview - Financial Advice from a Broke Millenial with Erin Lowry
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order.

She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial.

"Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change.

In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you.

Just like in any financial goal you have to figure out how to take a high level idea and break it down into smaller parts. Think of whatever your long term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful,lofty dreams but no tangible steps on how to get themselves there.

Podcasts are great sources of information.

Saving is important but earning more is bigger. To earn more is a key part of building wealth.

The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money.
7
134#LaneHack134 - #LaneHack - Investing in Diamonds
I recently got engaged and here are some of my experiences when buying a diamond ring.

The top three diamond providers online are Blue Nile, James Allen, and Rare Carat.

The Big 5 C's of grading for Diamonds: Carat weight, Color, Clarity, Cut, and Confidence.

Size is the most important factor in diamonds.

Rare Carat offers the best selection of diamonds but lacks in ring selection.

James Allen offers the best prices among the three diamond providers.

As you grow your net worth, it is okay to buy something for your happiness even if it is non income-producing assets. Consider it as a milestone for growing your net worth.

I originally planned to buy a Honda CRV and pop the question at a car dealership.
8
133FundamentalsVeteran's VA Loans & Other Financial Wisdom
SimplePassiveCashflow.com/133va
David from Military to Millionaire
Currently still enlisted in Army and spent some time as a recruiter
Don't blow you money on a nice car
VA Loan - 0% down home loan for a primary residence with no private mortgage insurance (PMI)
You can buy up to a 4 unit
Move and buy at each difference duty station
Generally, 410K loan is the max with exceptions for high price areas like Hawaii
Relocation benefits
Do you stay enlisted in the military
Don't underestimate the tax-sheltered allowances and perks
9
132FundamentalsOpportunity Fund Zoneshttp://simplepassivecashflow.com/opportunity-fund-zone/
10
InterviewTakeaways from FinCon18 and Sidegig stories
YouTube Link: https://youtu.be/rG5QlGF5so8

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Just got back from FinCon2018!

What's that?

A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money.

In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people.

Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35...

The Millionaire Next Door book is not the type of lifestyle I would like to live.


A lot of financial advisors which I don't really like.

I am cool with how it is enough to be happy and content.

Other Findings:

New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous.

A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own.

Liberty health share - religious-based health insurance

Side gigs - consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs.

Interviews to follow in video...

Please share this with friends because if you don't soon you won't have any friends to have mid-day lunch with when you not doing anything

Interview 1: Michael - Financiallyalert.com
Interview 2: Spendlessgreen.com
Interview 3: Rocky from RicherSoul Podcast - http://richersoul.com/ep-0030-richer-soul-real-estate-mindsets-lane-kawaoka/
Interview 4: Alex - http://dailybs.com & nguonline.com
11
130FundamentalsWhen to move from SFHs to Syndications?SimplePassiveCashflow.com/syndication
12
129Interview129 - Matt Theriault - Changing strategies in this market
YouTube Link: https://youtu.be/SkY5izkbkoQ

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed.
We just completed the last deal for an Mobile home park. Which is a little different than apartments.
Please leave an iTunes review - Help fight negative one-star review

Earning $30,000/mo through single-family homes and seller-financed notes.

Epic Real Estate started selling turnkey properties in 2009.

Built successful portfolio, but returns lowering. However, real estate always a good purchase to buy and hold long-term.

Amortization, depreciation, appreciation, and leverage (wealth multiplier) all make real estate investing attractive.

Focusing more on lease options now for C- and D-class properties to rent properties and eventually sell them to tenant.

Went from 7-figure year as a musician to bankrupt at 34. Found real estate mentor at grocery store and life changed.

Real estate is the final frontier for the average person to have a legitimate shot a creating wealth.

Paid $22,000 for mentorship in 2006. Everyone thought it was insane, but helped him get started.

People who made it were ready for it. "Move faster than your doubts."

Find the deal first and then the money will find you.

Authored book "Do Over" that chronicled struggles and how he built his real estate empire.

Be intentional with who you surround yourself with. Peer pressure works.

Always be looking for a coach and outgrow them. Results accelerator.

Spends $100,000/year on masterminds - worth being around the right people of doers.

Goal was to increase passive income and decrease expenses. In 4 years became "retired," but wants to be wealthy; not just financially independent.

Bookkeeper should be the first role you should outsource. Transaction coordinators and marketing person also helpful.

Hardest part of the business is to find the deal and get into contract.

Visit www.epicrealestateinvesting.com to check out the Epic Real Estate Investing Podcast.
13
128Interview
128 - QRPs, Solo401k the Self Directed IRA Killer with Damion Lupo
YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

SimplePassiveCashflow.com/qrp

I have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments.

One of those ways to get the money out is via a QRP or Solo401K.

Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his book

I cashed out my 401k because I figured I was going to pay the taxes anyway and my tax load would be a lot higher in the future and I wanted access to my money before retirement age.

Visit CrowdfundAloha.com - a website dedicated to helping hard-working middle-class people build real estate portfolios.

$26 trillion in retirement plans. You have all sorts of money that can be tapped into, but fear holds you back.

As an investor, Damion has purchased 150 houses in 7 states ($20 million portfolios).

2008: went from $20 million to -$5 million. Had to start all over.

Beyond money, find out your why. Read Simon Sinek "Find Your Why."

Mission Statement: Free 1 million people from financial bondage.

I.R.S takes 70% of the average person's money.

The QRP (Qualified Retirement Plan): "The Ferrari of 401(k)'s."

You probably haven't heard of QRP as Wall Street tends to control your stuff.

QRP allows you invest in many real estate options (syndications, lands, rentals, apartments, commercial, international deals, HML, etc.).

Total control, fixed fees, endless choices, and FAST with QRP v. Self-Directed IRA. 10X contributions and control with no custodian.

SDIRA will lose 1/3 of profit as UDFI triggered. QRP - Roth has no UDFI - keep 100% profit.

Can keep 401(k) at W-2 and sign up for QRP. Max contribution would be $55,000 in combined plans - $28,000 in the QRP.

QRP can hold other non-real estate investments, such as gold, silver, Cryptocurrency, etc.

Build-in credit line in a QRP. Up to $50K in cash.

Investors, self-employed, and family members are all qualified.

Properties you have or use right now cannot be placed moved in a QRP.

To fund, can rollover any IRA, 401(k), +TSP, 403b, 457.

66% people are worried about not having enough money for retirement.

Free copy of QRP book at www.simplepassivecashflow.com/QRP
14
127Interview127 - Estate Planning and Asset Protection with Lawyer Andrew Howell
YouTube Link: https://www.youtube.com/watch?v=lvd9F9OmDI0? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Estate planning
Guests I have are giving insights but always hire your own person because these things require personalization
I try to bring guests on and ask the questions that I think you folks would ask.
I believe you need to have a basic level of knowledge before engaging with a professional
For those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy which makes LLC enitites creation look like childs play
Email me any questions to feature on the next ask Lane podcast or monthly email newsletter
Andrew L. Howell is the Co-Founder of the law firm, York Howell, with a focus on asset protection.

Many useful tools out there, but where do you as an investor fall on the asset protection spectrum?

Two fundamental risks: 1) Asset-based risks 2) Direct-based risks

Real estate considered as "hot" assets because liability risks are greater - more than equity.

Liabilities both inside and outside the asset.

Typically form a holding company to hold limited liability companies to abate asset- and direct-based risks.

Holding properties in one LLC basket is good, but still risks if something happens in one property.

Concentrate on family protection first (trust, wills, etc.). Then move to next level of asset protection planning.

If own property out-of-state, advise on setting up a parent LLC in states with charging-order protection.

Tough LLC rules and taxes for poor California residents!

Need to do your due diligence on reviewing PPM's - especially who you are doing business with.

Asset does not create liability risk for LP's; only GP's.

If you get personally sued, can go after your MFH syndications and other assets even as LP.

6% of current generation feels obligated to give back to kids. Instead of giving, create a bank.

Create purpose when setting up your trust.

Please reach out to teamandrew@yorkhowell.com and visit www.yorkhowell.com.
15
126Interview126 - Gino Barbaro talks Apartment Investing


YouTube Link: https://www.youtube.com/watch?v=lvd9F9OmDI0? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Jake and Gino have a great podcast and definaetly fit in the category as guys who are growing and doing things right
Let’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Join Hui Deal Pipeline Club and check out the sSimplePassiveCashflow.co/mission

Gino Barbaro from Jackandgino.com who focuses on MFH real estate.

Group owns 848 units valued at >$50 million. Expecting to go up this year.

Took 5 years to get $25K-30K/month in passive cash flow.

Fumbling around in the beginning with smaller cash flow amounts, but snowballs over time.

Came from the corporate world to managing a family restaurant. 2008 transitioned to real estate to make better use of time outside of the kitchen.

Highly recommend reading "The E-Myth" by Michael Gerber. Need a visionary, manager, and technician for any business.

Believes you need a Connector, Executer, and the Backbone. Can't do all 3 - pick 1 or 2 and hire out.

95% of blocks are internal. The rest are external. So, focusing on resolving limiting beliefs and get a life coach.

Google Tony Robbin's 6 human needs. Have to continue to grow and contribute in a large way.

Relocated to Florida and aiming to obtain $40K/month by end of this year.

Have lifestyle work for his business; not his business work for his lifestyle.

Becoming more efficient by hiring a VA and Digital Marketer for jackandgino.com. Wants to spread content and message; not work on menial tasks.

Focus on 1 or 2 niches for real estate and become an expert at it.

MFH has more barrier-to-entry v. stocks, crytocurrencies, etc. The more people in it, the less profit margin there will be.

Share weekly successes. It's not bragging, it inspires people and surround yourself with the right people.

Be present in the moment. When you're at work, with family, etc. focus on dealing with that situation.

Visit www.jackandgino.com. Also on FB, LinkedIn, Twitter, and Instagram. E-mail works too: gino@jackandgino.com.
16
125Interview125 - Living the FI dream abroad with Jeremy Jacobson from Go Curry Cracker
YouTube Link: https://youtu.be/3NQ0agjuxXY? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Went on normal path. Got a job after college, house, and fixated on paying off student loans.

Aggressively paid down student loans, but motivated by people who retired early.

5 years ago, both quit their jobs, traveling, raising family, and living their dream.

Ruthlessly slashed expenses and saved 70-80% after-tax income.

Max contributed to 401K, IRA, HSA, and after-tax accounts.

Short-term joy = trading years of financial-free opportunity.

Actively chose lifestyle. Traveled internationally by arbitraging where they lived with low living expenses.

Didn't listen to mainstream advice of owning home. Choosing a renters lifestyle to not get "stuck."

Both have blogs and garnered new friendships; not the "Seattle Chill."

Finances on auto-pilot. Can work on growing family in Taipei and doing creative things they did during childhood.

Two types of things preventing people from being financially-free: Afraid to take leap to be financial-free and long-term goals to strive towards.

People don't change minds because you provided info to them; they change when they're ready.

Visit www.gocurrycracker.com and social media accounts on FB, Instagram.
17
124Interview124 - Brian Hamrick from the Rental Property Owners Association
YouTube Link: ? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Brian Hamrick is from Rental Property Owners Association (RPOA) and runs Rental Property Owner and Real Estate Investor Podcast.

Currently owns 380 units, which cash flow makes 50% of W2 job salary.

Paydays not only about cash flow. Cash out refi and syndication benefits once and twice a year exceed W2 job salary.

Was sitting on cash waiting for next downturn. However, in past year, became a silent investor in commercial property, a NPN, and a self-storage facility.

Expects rents to plateau in future, but not to 2008 levels.

Started off investing in high-load tech funds, but bubble burst in early 2000's and stocks tanked.

Rich Dad, Poor Dad inspired Brian to begin investing in real estate and obtain more control.

California is cash-flow negative market, so looked at positive cash-flowing out-of-state markets.

Transitioned to multi-family investing in 2008 for better scalability and profitability.

As passive investor, focusing on leveraging partners' strengths for new passive investments.

Down the road, looking at developing the "missing middle" properties (small MFH 2-10 units).

Visit www.higinvestor.com to get in touch with Brian.
18
123Interview123 - Why to break-up with your Financial Planner - Interview with Brent Sutherland
YouTube Link: https://youtu.be/8v-DiV2b6wI? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club.

Monthly updates and what I’m doing in my own investing

Podcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.

This podcast I had Brent Southerland what is a CFP but not one of those other quacks who get paid on commision and try to stuff you in whatever is most convenient or biggest paycheck for yourself.

SimplePassiveCashflow.com/fp

Enjoy and remember to go to SimplePassiveCashflow.com/club to join our investment club

Brent Sutherland is a CERTIFIED FINANCIAL PLANNER™ practitioner, with over 11 years experience in financial services.  With stops in the corporate accounting and investment world, and now the boutique financial planning arena Brent has witnessed, firsthand, how the financial services industry has fashioned itself into an overly complex machine in an effort to cause confusion, encourage mistakes, and justify fees; all to better benefit its own bottom line.  He believes there is a strong correlation between financial noise and financial mistakes which further delay one's personal financial success.

Therefore, his objective is to help individuals turn off the noise and challenge the traditional approach to financial planning and thinking.  In his experience as a financial advisor and personal finance enthusiast (+ early retirement advocate + semi-minimalist + real estate investor), Brent has found that most often the simplest solutions and some outside the box thinking will better help individuals on their way towards sitting firmly in the driver's seat of their own financial world.

Why don't financial advisors advocate for real estate investing?

Primary = Compensation conflicts of interest
Secondary = Lack of education, so pose it as a risky asset
Secondary = ERISA and how mutual funds came about with employer-sponsored 401k
How do FA make money? Similar to MLM? -- (Is this short for multi-level marketing?)

Can tie this into the first topic above (compensation conflict, which is a primary reason why FA’s don’t discuss real estate investing)
Hidden fees in even low got mutual funds?

Transaction fees, Management fees (can be tiered based on assets), Loads (front-end, back-end), 12-b1 fees
What tricks do FA use?

Use of traditional planning items related to portfolio to justify: “security”, “diversification”
Use of confusion terms related to portfolio to justify fees:  “alpha”, “sharpe ratio”
Use of graphics that show market returns (absent fees), but fail to discuss emotional impact on client and true returns normally witnessed
The importance of income diversification over portfolio diversification

Income diversification protects against big risks:  loss of job, market crash, injury
Portfolio diversification is important, but is a secondary risk.  Savings is even more important.
Why are paper assets more risky than hard assets?

Always going to be demand for hard assets, especially real estate (living, production)
Population trends are growing at an exponential rate, land and resources are not
You have more control over real estate; meanwhile the stock market is out of your hands
Why passive cash flow betters your odds of financial independence

Gets you to the point where you’re truly secure and can have peace of mind.  Not worried about your boss/job, and not worried about things going on the the world, country, state (etc) economies that are out of your control.  You become the boss of your personal economy.

Talk about your personal transition to direct ownership in Real estate and recovering from the lies?

Seeing it work for other people, educating myself (independent of my traditional “education”), and finally making the move to buy my first property (after some analysis paralysis and fear)
Proper planning techniques to access money tied up in your retirement accounts.

First know the rules involved (traditional IRA/401k versus Roth IRA/401k), as you don’t want to just hand a big chunk to Uncle Sam in form of taxes and fees.
Impact of cashing out plans
Strategies to more efficiently free up that money and keeping more in your pocket (Roth conversions, Substantially Equal Periodic Payments (IRS Code 72t))
What to look for in a FA?

Want someone who is fee-only (hourly or per service) and planning focused.  Someone who is focused solely on managing your money for a % fee is going to always have a biased interest in moving you towards a liquid/paper portfolio).
Find someone who lines up with your values and interests.  Never be afraid to interview multiple people and ask tough questions.  Advisor should have conviction in what they do.
Understand that a financial planner can be very valuable, as there is much more to financial planning than how you invest your money (insurance, estate, education needs all need to work in harmony with an investment plan to best meet a person’s financial goals), but imperative that that financial planner is on the same page as you.
brent@ntellivest.com
19
122Interview122 - Apartment Investing with Michael Blank
YouTube Link: ? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Partner with Multi-family Home (MFH) students to close first MFH deals.

Passive Income became attractive after reading Rich Dad, Poor Dad.

Opened pizza restaurants without mentor and lost 95% of net worth after 5 years.

Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work.

Received passive mailbox money for first apartment in 2011 and never turned back.

Combination of doing MFH deals and teaching/helping others is fulfilling.

Stop being a drifter. Drifting keeps us from living an intentional life.

Ongoing experiment to scale business while not lacking quality of deal.

Transition from being focused on generating money to helping people become financial-free.

Do first MFH deal and reduce living expenses to quit W-2 job.

Momentum will build in subsequent deals. But first deal is always hardest.

At peace with things out of your control.

Be sensitive to where your business is to make right investments, such as virtual assistants, salary employees, etc.

Smaller apartment deals (duplex) will kick off law of first deal.

Don't need $30K to do first deal. Spend on education and raise capital and/or find deals in this seller's market.

Controlling time is most important resource. Don't put ladder on wrong building.

Visit www.themichaelblank.com to download free ebook about raising money for MFH apartments.
20
121Interview121 - Investing in Coffee Farms with David Sewell
SimplePassiveCashflow.com/coffee

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Own an appreciated hard asset of half-acre turnkey coffee parcel titled under your name for less than $20K.

Average annual return (IRR) +10% (proforma) calculated over 20 year period.

Experienced operators including David Sewell all live in Panama and professionally manage coffee farms.

$90 billion industry annual that is sustainable and growing demand with limited and declining supply worldwide.

ICFC founded in Panama in 2014. Own and operate 10 specialty coffee farms in Boquete area.

BCC in Belize founded in 2016. 3 fine flavor cacao farms.

Just like wholesaling - except tenants are tree! Buy underperforming property, add value, and get investors to be a part of it.

Gain legacy income with minimum of 5-7 year investment - preferably longer to mature and "harvest" extra rewards.

International real estate, in your own name, is not reportable under FBAR or FATCA regulations. Asset does not currently require reporting to US government.

ICFC reserves 20% of farm operating profits to provide bonus pool and improve lives of impoverished coffee farmers in Panama.

3 group coffee farm tours every year (March, July, and November).

Visit www.simplepassivecashflow.com/coffee for more pics/videos. E-mail Lane@simplepassivecashflow.com for special pricing.
21
120Journey120 - The Journey to SPC Episode 1 - 2018.06.14@$5,400_MoFor full article go to SimplePassiveCashflow.com/journey
22
119Interview119 - Dissecting my Recent Insurance Claims with Ed BabtkisYouTube Link: ? sub_confirmation 1

Article Link:

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Revisit Episode 38 for insurance fundamentals.

Two recent claims broke the straw on the camel's back for single-family homes.

Water claims has a lot of denials and payments.

If homes built in 1920-1960 and pipes haven't been touched, chances are pipes are leaking.

Leaking --> cracked pipe --> pipes burst.

If property vacant, pipe leaking, and in cold weather environment, house needs to be "winterized."

Establish pre-existing condition by taking before and after photos - especially if pipes in good condition when you purchase.

Defining cause of damage always murky.

Recoverable Depreciation = amount of money you get as long as you do the work.

Tenant in Episode 80 went AWOL and trifecta of theft, vandalism and maliciousness mischief.

After before and after pictures, frame claim with timeline of problems - ensures claim happened during policy period.

Ed runs Ross Diversified and insures nationally, such as investment properties, NPN, foreclosures, fix-and-flips, and more.

Best way to contact Ross Diversified: 1-800-210-7677 and/or Bruce Young at byoung@ross2.com.

23
118Interview118 - Start your Side Hustle with Nick LoperYouTube Link: https://youtu.be/AxTwDVoAPNg? sub_confirmation 1

Article Link: http://simplepassivecashflow.com/118-interview-nick-loper-side-hustle-nation/

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Started side hustling with footwear comparison shopping website while working in Corporate America.

Some projects worked; some didn't. Side Hustle Nation blog and podcast still exists and going strong.

Stuck on bottom rung of Fortune 50 company with no direct results to effort you put in.

"Hustle Time" after 9-5 and weekends.

Prioritize one thing for your business that is proactive accomplish it the next day before going into reactive mode.

Set up "Theme Days" to be more efficient.

Listening to radio is a waste of time. Used audiobooks and podcasts as own coaching.

Accountability from peer and mastermind groups keeps you hustling.

Purchasing a rental is an accepted, passive side hustle you can likely be public about.

Side hustles weren't huge secrets. 44 million Americans have income on the side anyway.

Real Estate Investing at moment are through REITs, Fundrise, Peerstreet. Focus on what you know and willing to do.

Need to start side hustle and business to get bigger returns v. real estate investing.

Visit www.sidehustlenation.com. For part-time ideas, visit www.sidehustlenation.com/ideas.
24
117Interview117 - Assisted Living Facilities with Loe HornbuckleYouTube Link: https://youtu.be/LOORnE1rWFk? sub_confirmation 1

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Different types of Assisting living

The boutique ALF method

How Loe got started investing

10 percent higher than average rents of 5500 a month in TX

ALF business plans

How to find a home for mom and dad

Find Loe at http://thesageoak.com/
25
116Interview116 - Jay Papasan from the One ThingYouTube Link: https://youtu.be/4K4VFnGpfJo? sub_confirmation 1

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Jay Papasan is a bestselling author, vice president and executive editor at Keller Williams Realty International, and co-owner, alongside his wife Wendy, of the Papasan Properties Group in Austin, Texas. His most recent work with Gary Keller on The ONE Thing has garnered more than 200 appearances on national bestseller lists including #1 on the Wall Street Journal bestseller list. Before joining Keller Williams Realty, Jay served as an editor at HarperCollins Publishers, where he worked on such bestselling books as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm.

Jay serves as Gary Keller’s co-author and executive editor on best-selling titles including: The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, SHIFT: How Top Real Estate Agents Tackle Tough Times, FLIP: How to Find, Fix, and Sell Houses for Profit,HOLD: How to Find, Buy, and Rent Houses for Wealth, and The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results. He also co-authored SHIFT Commercial.

Best investing books Simplepassivecashflow.com/books

The domino theory - momentum

18-25% total return for SFH

Start small - and go small first fast

Co pairing tasks

Focusing question - what is the one thing I can do that will make everything else go away

411 - annual goals

Work a maze backwards - begin with the end in mind

Counter balance not balanced

When do you stop pushing and start living?

Don't buy your primary residence

Involving your spouse
26
115Interview115 - Flipping to passive rentals with Mark FergusonYouTube Link: https://youtu.be/p21dQOPwYYk? sub_confirmation 1

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Aside from blog, owns 15 rental properties in Northern Colorado generating $7K/mo passive income.

Harder to cash flow around Denver. Looking out-of-state.

Since Sept 2015, has not purchased new SFH. Focusing on commercial, flipping, which was best use of time.

Always demand for low-end flips (less risk v. high-end).

Write own goals, don't rely on other people, and think differently to develop himself.

Don't C.E.F. - especially if you're not a contractor.

Some opportunities in purchasing primary residential properties, but not going to stay there forever.

If you want to be creator and sell houses full-time, get a real estate license. If part-time, not really recommended unless you own a couple properties already and can expend time.

Goals for more passive income ($100k/mo) and freedom = happy.

Change your mindset and try. Otherwise, you're stuck where you are (ex: frugal). What's your motivation and dreams?

Let people drink their haterade.

Tough to let go, but happier to save time by hiring out on blog, website, email, property management, etc.

Not a tech-savvy guy, but build blog and all that SEO!

Wished more good people to hire directly instead of 3rd parties.

Don't force yourself to buy something - especially in a sellers market.

Are you taking action that's getting closer to your goals or treading water? Take time for yourself.

Always lot of stuff to do, but don't stress about it. A couple mistakes or not getting things done will not ruin you.

First blog comment was fulfilling. Drives motivation on how to help give back to others.

Check out www.investfourmore.com and podcast. 453 articles and 117 podcasts.

Contact info: Mark@investfourmore.com
27
114Fundamentals114 - Turning Active income into passive income in a Primary market with Jennifer BeadlesYouTube Link: ? sub_confirmation 1

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Income has a cap
Bought first house at 21
Take business profits into buy and hold rentals
Say out of Seattle
Mount Vernon WA
Tell the agent in super simple terms
Comments on meetups
Should i get started now?
28
113Interview113 - Buck Joffrey - Medical Surgeon gets fired and goes into freefallSimplepassivecashflow.com/buck

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________



We heard you on podcast 17 and you told your story - http://simplepassivecashflow.com/podcast-17-serial-entrepreneur-dr-buck-joffery-wealthformula-podcast/
Hearing your story high paid doctor. Describe yourself as an employee?

Great butt kisser

Lane’s getting fired story

So you were fired what gave you the security to not go back?

Lane’s getting fired story

http://richhabits.net/catastrophes-reveal-inner-greatness/?mc_cid=610082b2da&mc_eid=a129173ca3

Why professionals are trained to go through the system

The two excuses why not to leave the professional system

Wealth formula - Mass (money) x Velocity (Leverage) = wealth

You need to make money

What happen to assisted living project?

Taking shots and trying things out? Where is the transition point from taking singles to going to homers?

We are talking about Jorge from Simplepassivecashflow.com/ahp

SPC listeners are usual creatures. Get me in a room with a bunch of W2 workers talking about their frequent flier miles and their cars and I'm completely turned off. What are your thoughts on coping with this?

What are some ways you teach the entrepreneurial spirit with your kids?

What if they just want to work for the man or do peace corps?

Simplepassivecashflow.com/buck to get the free 1-hour coaching offer from Buck.

-----------------------------------------------------

Our worst W2 moments which were our Han Solo Moments

How to make it as a medical professional? - Kiss Butt 😁

We are robots.

For more content go to Simplepassivecashflow.com/buck
29
112#LaneHackSPC112 – #LaneHack – Fear + How much risk to take + KProxy!YouTube Link: https://youtu.be/TUmVLqNNtlE? sub_confirmation 1

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word “ebook” to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math!

________Here are the Show Notes________

The two biggest enemy of success is fear.

It inhibits you from taking action. And nothing happens without that.

Fear, never goes away, no matter how successful you become. Same thing is said about CrossFit workouts… they never get easier. You just plateau to a new level of suck.

The same fear exists for the successful, why don’t they hold them back from taking action?

It made me push to busy my first out of state rental in Birmingham from Seattle, sell my Seattle rentals to 1031 into a dozen out of state properties, and lately moving toward a portfolio of syndicated private placements. I don’t know what’s next?

Successful people simply make a habit of taking action, despite the fear. They have gained the habit/muscle or mental six pack of taking action.

By taking action do you gain the experiences of facing obstacles and overcoming them, facing mistakes and learning from them, taking risks and surviving failure. Gained muscle or even a crazy mental eight pack. You draw upon these experience in times of hardship or difficulty.

Obstacles always change but your ability and track record to move around it is what is most important. When we evaluate people to work with Track-record is always important. Obvious we want to work with someone who is proven but realistically every situation in the future will be different and we are really looking for someone who can deliver despite the obstacles. We are not looking for who is a genius (although it helps) or even with some competitive advantage but mostly good character and ability to overcome obstacles… dare I say turn obstacles to opportunities.

There are a couple leads that have had touch times in their deals lately due to circumstances outside their control. What I know of their mindset is that they are freaking resilient that they will overcome the obstacles.

When crap happens we want say:

“we’ve faced a similar uncertainty before and this was the mistake we made and need to avoid”

“we’ve taken a similar risk before and we survived”

Do not mistaken brazen courage with competence/confidence. There are a lot of people who fake it till they make it.

Risk: If you are in aware of the risks and rewards (mentor/stage 3 of 4 of learning) then take the most risk as possible. The Shape ratio theory that I believe in that the more risk you take the more reward you get exponentially. Therefore take as much risk as you can to capitalize on the most reward. BUT… huge caveat here… only take the most risk that you are willing to take that if the worse that can happen you can live with.

This is why I don’t skydive.

This is why I stick primarily to non-recourse deals where the apartment is stabilized.

proxy service: http://kproxy.com/
30
111InterviewSPC111 - Interview - Brent Kawakami - Saying NO to a measly $300 a month & Networking on FacebookYouTube Link:

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

1) How much CF are you making today and how are you doing it?
Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month.
So as I started investigating other investment activities I dabbled in:
P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset.
Dividend stocks - Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.
Gold/silver - I got caught up by the Gold bug rhetoric of “the dollar not backed by anything" “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.
Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit.
Infinite banking (which i’m all in on still) - You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment.
Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places.

(So now you are in the stage where you are doing all the hard work before the success... lets go through this list of things that you are doing... this add value to the listener and maybe we can have a discussion about best practices - Just think in the future when a future investor listens to all the shit you did to get into this)

1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)
2) Regularly Contacting brokers/Signing up for lists
3) Evaluating deals
4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker's office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).
5) Making regular LoopNet rounds
6) Going on property tours
7) Networking on BiggerPockets/LinkedIn/Facebook, etc
8) Going to Meetups, events, and conferences
9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment).
My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He's an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol.

2) What is your Han Solo moment…

I had two.

1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)

2- Shift from single family to multifamily. My a-ha moment mentioned before.

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

I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later.

Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others.

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.

2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)

6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing.

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

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

Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.

There’s a good book on this topic called Happy Money I recommend.

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

2 Things:

1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.

2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons...yada yada yada. I’m not full Grant Cardone though.

8) In this sellers market... what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?

My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets.

Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.

brent@hellomultifamily.com
31
110My StorySPC110 – My Story – Evictions, Flip Project, Market UpdatesYouTube Link:

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________


Dealing with an eviction:  

“Hi Lane! I delivered an evection notice to tenants yesterday and had the opportunity to speak with husband at the door. He stated that he and his wife had both started new jobs and would be able to make one full payment in a week (this was the story for seemingly a month or two) and would be able to make a partial payment in 10 days. Before we proceeded forward with an agreement, wanted to see if that works for you. They are currently $3,000 behind before for a total of two months.  

Here is what I did…

I okayed the concession to give more time. I requested some sort of proof of new job status (a hire letter or email). I am more than willing to work with people… These have been long tenants of almost a couple years and B+ /A- home that rents for $1500 a month.

Caveat… I am really near to selling these properties this year and don’t really want to rock the boat in terms of enforcing long-term behavior.

Revamping my turnkey rental content – simplepassivecashflow.com/turnkey

I have currently sold 2 of 10 SFH rentals (P&L offer)

One of them Columbia is had $27K to get back online. Going to pay 37K to sell retail. 

Another property Riverwood just went vacant. Going to pay 20-30K to sell retail too. 

Talked with my team – PM, Contractor, couple other hui members
Is it a good area to go retail
Will I recoup capital overlay based on comps 
Soon I will unrolling my private lending platform. CrowdfundAloha.com! So if you are looking for a 1st lien property with my partners let me know. We are talking about even providing turnkey services.

This is not really a money making things cause the margins are just really tough these days.

 After over 1000 strategy calls with investors and coaching clients 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/good for you... but just remember why we got into this... To be free from a JOB. A lot of us (80%) who stumble upon simplepassivecashflow.com and start drinking Kool-Aide will be financially free in 4-7 years pending taking action. So I always urge people to start with the end in mind and take a more passive approach.

Do the math here… you with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I have 10 of these and have systems in place but have 1-2 evictions a year and 3-4 big things that happen. Image if I had 30, just 3 x those numbers.

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. 

Looking at some deals. So folks in the Hui Deal Pipeline Club (who have reached out to me and built a relationship) will see those really soon. :P I hope I have enough liquidity… I might need to borrow some money :P

Single Family Homes becoming a legitimate asset class – Spring 2018 Conference

The lending requirements and new loan products is slowly changing. I know a lot of you have heard that Short Term Rentals (Air Bnb) income is starting to become part of the loan calculations.

Something I'm following is lending on large portfolios of single-family homes. Some of the highlights:

1) up to 10-year term with 1.25 DSCR

2) portfolios minimum size of 50 properties

3) assumable

Pilot program details download here - https://drive.google.com/open?id=1aTIbru2HEPbw_KLHTvU5-Iyk0aoQB8Gx

Look even a SFH conference - https://drive.google.com/open?id=1cI15DnBUn8LRA54NTCh667exeR3OtlIu

Other Fannie Changes - https://drive.google.com/open?id=1WumUWsduuLnHqDi6IJXNipX7IsT9AUFa

AirBnb lending requirements loosening

I read this following article that described rent concession in a few major cities that I like as apartment markets.

http://www.nreionline.com/multifamily/more-apartment-landlords-offer-free-rent-lure-tenants

Here is another article citing industrial as the sector to be in:

http://www.nreionline.com/industrial-cre-market-study/exclusive-research-clear-sailing-industrial-sector-through-2018

My takeaway is that this is important to monitor especially if you are developing because this is a leading indicator of softness in the market. It might be economic reasons or just because a bunch of new build inventory is coming online in that area. Either way…

Robert Kiyosaki has a saying, "there are three sides to a coin". 

People argue that its a good time to buy or bad time to buy. For example "mfh” is overheated or commercial is getting killed by Amazon and e-commerce. I think these are mental justifications by tire kickers not to do anything.

Sophisticated investors live on the edge of the “coin”. They buy deals out our reach of amateurs due to the lack for network/knowledge. These opportunities are undervalued, with undermarket rents, with value-add opportunity.

They are patient and don’t stray from standards that make them get crushed in a market correction. (Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.

The trouble is as an outsider is figuring out which of these deals transcends the two side of coin and is on the edge. And starting out its going to be slim pickings due to lack of network but you have to push through this rough part.

I am from the camp that you need to become an expert or get beyond the surface level investor stuff in some freebie pdf guide or video. Or just find the right people to work with. To many people get shinny object syndrome and float from sector to sector, from a money-making activity to another, read book after book and never get anywhere. You see these people at a lot of networking events. There is a lot of movement but no tangible results. This is where coaching comes in but for some people not able to get over having another person call them out on their BS you need to get laser focused and take massive action or quit fooling yourself.

I’ll be at the notebuyerbootcamp on the panel for syndication in Chicago next week. Notebuyerbootcamp.com
32
109FundamentalsSPC109 - Fundamentals - Comparing Crowdfunding websites with Andrew SavikasYouTube Link:

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Investor, advisor, writer, father. Founder at @yieldtalk. Ex @oreillymedia, @safari. Occasional consultant & speaker. Chronic reader.

1) Your background and your Real Estate investing track record?
Andrew Savikas
andrew@yieldtalk.com
My own journey through crowdfunding, especially real estate
Related posts:
https://yieldtalk.com/my-crowdfunding-portfolio/
https://yieldtalk.com/baby-steps-getting-started-with-crowdfunded-real-estate/
https://yieldtalk.com/why-you-should-care-about-real-estate-as-an-investor-even-if-you-dont-care-about-real-estate-investing/
Importance of new crowdfunding choices in helping fuel entrepreneurism (and overall economic growth), especially serving traditionally underserved categories (eg non-males and non-tech companies outside of Silicon Valley, NYC, and Boston)
Related posts:
https://yieldtalk.com/crowdfunded-investing-democratizes-capitalism/
https://yieldtalk.com/can-crowdfunding-help-close-300b-funding-gender-gap/
Importance of understanding “convex” vs. “concave” risk, and the implications for risk/reward profile of your portfolio
Related posts:
https://yieldtalk.com/diversification-crowdfunding-investments/
https://yieldtalk.com/know-your-alternative-investing-style-zebra-or-lion/
The surprising number of choices out there for non-accredited investors
Related posts:
https://yieldtalk.com/24-ways-crowdfunding-for-non-accredited-investors/
https://yieldtalk.com/5-best-equity-crowdfunding-sites-beginning-investors/
You should also ask me about the time I had to pick between the Google IPO and a new couch (I picked wrong!)

criteria in your site, insights from looking at all though sites, and your recommendation for people to invest in rentals, crowd funding, or direct syndication.



2) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
[Andrew] After leaving my last job (CEO of an ed-tech company for 5 years) right after my second child was born, deliberately moved to a lower-cost-of-living place and dialed down work commitments to have more time with my kids while they’re young. Definitely worth it! But I’ll never forget the night I was putting my son to sleep soon after my daughter was born and contemplating the return to a very demanding job that was only going to get more so, and imagining myself 5 years in the future wishing I could trade the money I’d made for more time with the kids while they were growing up.

3) Something that you changed your mind on? Our ego often gets in the way of greatness.
[Andrew] Having kids definitely changed my perspective about the opportunity cost of my career trajectory. Has helped me see the benefits of a more balanced portfolio approach compared with driving 1000% down one path.
Also, what it means to have a “balanced” or “diversified” portfolio. Was profoundly influenced by Nassim Taleb’s “Anti-fragile” and the concepts of convex and concave risk (and the notion of a “barbell” portfolio).

4) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
[Andrew] I’m a voracious reader, and as a side project I started posting lengthy reviews of books that have shaped my thinking about leadership, strategy, business, and more. I’m also super into meditation and mindfulness, and have written about 10 books that helped me apply mindfulness to my life in general, and doing better work in particular.

And speaking of books, 13 years ago I wrote a book about Microsoft Word of all things.

33
108SPC108 - Rocky Lalvani recalls 2000 & 2008 corrections and regrets not getting started earlier with a little marriage family adviceYouTube Link: https://youtu.be/v0fB-e3579E

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:
Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirement
Also flips properties where the goal is 20k profit
He outsources much of the work
Got rentals in 2011 and regret not doing it earlier
Got hammered in 2008
Got out of the market in 2000
Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty high
Real estate is not for everyone and might have a wrong skill set
If you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)
Don't lend to someone doing their first flip
Need to hire a virtual assistant - 5 properties can manage by self
Let go of politics
Marriage advice
Begin with the end in mind - He already knows his legacy and just lives it
Teaching kids financial principals - mindsets and habits
To teach a 12-year-old - give them money
To teach a 30-year-old - they need to want to fix the money problem
Letting go to be happy
richersoul.com
https://youtu.be/v0fB-e3579E
34
107FundamentalsSPC107 - Fundamentals - The MFH Broker who takes flowers to 80-year-old ladies and the brokers point of view from Mark AllenYouTube Link: https://youtu.be/25UY_v17bt4

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:
Mark Allen is a broker
Started in 2009 and went to Westpoint Academy
Got a $35k loan to get started in FL
Started with subject to or assuming the loan method of acquisition
2015-2016 sold initial properties and started flipping properties while working the day job
lead to MFH
Saved the money from flips and day job to go into MFH
You can find Mark at SVN and check out his podcast
ROI on time is more for Commercial than residential
Provide value by driving properties, pictures, transaction beat
Yadi matrix, co-star offer owner data
Face to face is better than email or phone
Bring 80-year-old sellers flowers
once or every two months a touch point with some value
As an investor go right to the broker and all of them
CCIM is a higher level designation (but that's your job as an investor to know what a deal is)
Loopnet/correct C is a good way to find active brokers who are perhaps hungry
SVN, Marcus, Colliers, JLL, CBRE are popular brokers
Call brokers and introduce yourself
Share pitch deck with broker and share team so you show that you are credible
36
105InterviewSPC105 - Fundamentals - Jordan Goodman - Affiliate connections + mortgage rate optimization + Dolphin mentalityYouTube Link:

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Gets a piece of the action by leveraging your time, knowledge, and connections.

Download a free chapter in the Hui Files

Get a heloc, keep your income in the heloc and pay down your home mortgage
People depend on traditional sources
Don't quit your job until you have the next thing going
Dolphin culture - help people without any return


Jordan Goodman has spent the past 40 years focused on one mission: to help Americans do better with their money. In a career spanning newspapers, magazines, books, radio, television, live events, teleseminars, and the Internet (www.moneyanswers.com), he has helped millions of people to solve their financial problems and realize their financial dreams.

An honors graduate of Amherst College, Jordan had just received his masters degree from the Columbia University School of Journalism in 1977 when he launched an award-winning, consumer-oriented newspaper insert, INFO, which reached 4 million readers every week. That early foray into consumer journalism soon led to an 18-year stint at MONEY, the foremost personal-finance magazine in the U.S., where Jordan reported and wrote on every aspect of personal finance. During his tenure at MONEY, he also became a regular presence on radio and television programs around the country. When Jane Pauley and Bryant Gumbel of the "Today Show" wanted to refute some of the more dubious strategies of financial guru Charles Givens in 1986, it was Jordan they asked to face down Givens. When Ted Koppel needed a financial expert to explain to "Nightline" viewers the implications of the stock-market crash of October 19, 1987, it was Jordan to whom he turned.

While at MONEY, Jordan also began to write the first of his 14 highly acclaimed books on personal finance. The Barron's Dictionary of Finance and Investment Terms (1984), which Jordan co-authored with John Downes, has been translated into Spanish, German, Russian, Japanese, and Chinese, and has sold over 3 million copies worldwide. Now in its ninth edition, it is considered a classic in its field and a staple on the syllabi of college personal-finance and business courses, MBA classes, and securities training seminars.

In the 33 years since the dictionary was first released, Jordan has also written:
• Barron's Finance and Investment Handbook (1986, co-authored with Downes) that provides a comprehensive analysis of every form of investment, plus a multitude of important investment resources. (The ninth edition came out in 2014.)
• Everyone's Money Book (Dearborn, 1993, 1998 and 2001) a 970-page comprehensive financial reference that included over 6,000 resources and sold over 250,000 copies.
• The Everyone's Money Book Series (Dearborn, 2003)
(including six separate volumes on Credit; Stocks, Bonds, and Mutual Funds; Real
Estate; College Financing; Retirement Planning; and Financial Planning)
• Reading Between the Lies: How to Avoid Becoming a Victim of Wall Street's Next Scandal (Dearborn, 2004) aimed to educate consumers shaken by Enron-era debacles.
• Master Your Money Type (Warner Business Books, 2006) about the different psychological styles with which people relate to their finances, and how to minimize their weaknesses and maximize their strengths to build financial well-being.
• Fast Profits in Hard Times (Grand Central Publishing, 2008) that anticipated the current financial downturn and provides readers with investment strategies that allow them to make money even in a down market.
• Master Your Debt (John Wiley, 2010) which explains the many changes in the world of debt and offers specific resources to help readers pay off their mortgages in 5-7 years instead of 30 years, get control of their credit card debt, student loans and all other kinds of debt.
• The Ultimate Guide to Student Loans (CreateSpace, 2014) which explains how to save and invest before a child goes to college, how to get the best student loans when they get to college, and how to pay them off as quickly as possible after graduation.

It's been 20 years since Jordan, in such demand as a keynote speaker, author, and guest expert on radio and television, left MONEY to focus on independent projects. He is the host of the weekly national Money Answers Radio Show which appears on the online VoiceAmerica Business Radio Network at www.voiceamerica.com. Once or more each week, he appears as a commentator on major TV news networks such as CNN, CBS, ABC, Fox News Network and Fox Business Network. During frequent trips around the country, he is a guest on local and regional radio and TV stations as well as a keynote speaker for such diverse audiences as the military, corporate employees, college students, and trade association members. He also participates in non-profit personal-finance-literacy programs such as those sponsored by the Jump$tart Coalition. And virtually every day, often several times a day, from a microphone on the desk in his home office, he speaks to millions of listeners through his regular guest appearances on countless radio shows. These include such prominent programs as "Sunday Morning Magazine" on KMOX that reaches numerous Midwestern states; KOA’s Money Monday hour with Mandy Connell in Denver, WCCO in Minneapolis with Jordana Green, WGN in Chicago with Steve Cochran.
Along the way, Jordan also has reached vast national audiences as a weekly commentator on CNN's "Business Day" for 3 years; on Public Radio International's "Marketplace Morning Report" weekly for 6 years; on the Mutual Broadcasting System's "America in the Morning" daily for 8 years; and as a guest expert on NBC-TV's "News at Sunrise" weekly for 9 years.

The son of a father who was a political-science professor for 32 years at the Ivy League's Brown University, and a mother who was a dedicated community-service leader in Providence, Rhode Island, Jordan early on melded his father's focus on world events with his mother's emphasis on serving others. His parents' formative influences, combined with his firsthand experience of a traumatic family financial crisis when he was a teenager, in large measure explain both the career path he has pursued with such passion and the reasons why he is today widely known as "America's Money Answers Man."

In all he does -- in his books, his media appearances, his live speeches, his teleseminars, and even in the hundreds of email replies he crafts each month in response to listeners who write to ask for his advice, Jordan:
• teaches the underlying principles of responsible personal finance.
• makes clear the impact of current events on the consumer's wallet.
• provides outstanding resources that can help the consumer to take the next smart step.
37
104InterviewSPC104 - Interview - Brad Tacia - Mechanical Engineer transitions from SFH to MFHYouTube Link: https://youtu.be/Z0SM21dLsCc

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Doing one house gets you started to gain momentum
Han solo moment was went when into MFH
At first wife was nervous in the beginning but with success came on board
Moved to MFH when had 5 units and 2k in cashflow
SFH is the way to go to learn to rent and pick out a property manager but its a personal question
Worse moment was seeing 2008
A pain point that forces people to make a change
Working up to expenses plus 20k
Do a little bit each day
Set goes every year - 40-50 goals - review once a week
Personal Background
Grew up in Oxford, Michigan
Graduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical Engineering
Married to wife, Lindsay and have 3 kids together
Started engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager
Currently a program manager for automotive supplier Brembo

Real Estate Projects
Purchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord”
First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014
Bought 12 apartment units in Monroe, Michigan in 2015
Bought 12 more apartment units in Monroe, Michigan in May 2016
In due diligence on a 63 unit apartment building in Lansing, Michigan
Goal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspecting

Success Habits
Keep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & Expenses
List out yearly goals for family, finance, health, learning and track each week
Make sure to do things daily to get closer to goals
Dave Ramsey
Lifestyles Unlimited
REIs for networking
Checklists
Books
Millionaire Real Estate Investor – Gary Keller
Rich Dad Poor Dad – Robert Kiyosaki
The Complete Guide to Buying and Selling Apartments – Steve Berges
48 Days to the Work You Love – Dan Miller
What Color is Your Parachute - Richard Bolles
The Slightest Edge - Jeff Olson
Compound Effect - Darren Hardy
Quotes
“Leverage is key to wealth” – In regards to money, time, knowledge
“Money is on the other side of fear”
“Most people overestimate what can be done in the short term and underestimate what can be done in the long term”
“If you give a house a cookie…”
"What gets measured gets done"
“Spectacular achievement is always preceded by spectacular preparation”
“Those who say it can’t be done should get out of the way of those doing it”
“Go as far as you can see, once you get there, you will see farther”
“Play the game of money to win, don’t play not to lose”
“Don’t quit when you are tired, quit when you are done”
“Make sure your ladder to success is on the correct wall”

Contact Info
Email: bradtacia@gmail.com
Facebook & Linked In – Brad Tacia
Facebook Page - Apartment Investors of Michigan
38
103My StorySPC103 - My Story - Money Savings Ideas Before the Simple Passive Cashflow (Scarcity Mentality)Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

I started to a hobby to make Mead or fermented honey wine. It's pretty healthy because of the good bacteria cultures.

I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out.

Got to be diversified with multiple streams of income!

Notebuyerbootcamp.com - Coupon Code "simplepassive"

It's been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.

I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie "The Founder" you know the lawyer had a very big impact to Ray Kroch. George was the legal counsel to Donald Trump during his rise and "retired" once he hard Trump was running for presidency. George He held court to the remaining 15 of us for 3 hours after dinner until midnight telling stories for the past. Very insightful to know that this man shaped the Trumps business sense.

He is known as a master negotiator and he gave us the following relationship advice:

"In marriage I tell my wife that I make all the Major decisions and she can have the Minor decisions… In all my years of marriage we have not had one Major decision come up."




The recently launched YouTube Channel just clocked in at 17,577 minutes or 293 hours or 36 working days. So there much be one person watching my content around the clock which on the clock.

I need a little bit of a break and took the time to reflect back on how far I have come from 2009 and buying that first rental property. By the way remember to incorporate "play" into your day.

The first twenty tips came from myself but after sharing the list and finding the other ex-cheapskates out there we have been slowly syndicating more and more bad ideas. Note: they are not in any particular order.

Our parents will be so proud of us!

If you want to add more, please email me and I will keep growing the list. And if you like I can add you initials at the end to cement your legacy.

If you call me collect, I will not pick up!

Money saving ideas for the shameless...

1. Stack Mr. Rebates shopping portal and Groupon discount codes with gift cards purchased from eBay or Safeway with more gift cards and Mr Rebates shopping portal. To sign up go here: http://www.mrrebates.com?refid=413597
2. Take a shower at work to save on utilities, water, and electricity - as a side benefit you go to the gym more often (do your 3S's there, shit, shower, shave)
3. If you work in a startup company that caters food, it's a no brainer--- eat at work and bring food home. Maybe you can even befriend someone that works there and join them for lunch from time to time. For extra credit consider a life of "intermittent fasting" and totally binge at these free meals.
4. Wash your car in the rain. No mineral deposits left while it dries. Video of me demonstrating this: https://youtu.be/kZkYnkXOI7Q
5. Costco leasing to own program
6. Buy an Anker powerbank and charge it at work.
7. Always take a pee before leaving for the day.
8. Try to poop at the same time every day while at work… get paid to poop. Time is money and flushes cost 10 cents.

9. There are soft drinks available at restaurants?
10. Why are you eating at a sit down restaurant, you have to pay tip?
11. If you must, order food to go and eat on the premises. Best of both worlds!
12. Wear clothes with the tag on it and return it.
13. Buy a snorkel from Costco to go to Hanama bay while visiting Hawaii to return it. Another Hui member caucions that on many electronics there is a 90 day return policy.
14. Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.
15. Cash flow, cash flow, cash flow. Also, see uncle Kohlers team for tax optimization (easily the single largest expense in your life)
http://keystonecpa.com/~keystone/images/5_Cash_Flow_Strategies_for_RE_Investors_eBook.pdf
16. This one is a bit morbid, but an important one. Set up a revocable living trust with your lawyer to avoid probate expenses following the death of your family members
17. Susie Orman's advice - make coffee at home and save yourself the $5 Starbucks Vente frappucino
18. FAST (intermittently, not forever)! Skip breakfast daily (work yourself up gradually) and when you're ready to get to the big leagues, attempt to fast for an entire day (no breakfast, lunch or dinner)
19. Solar panels (maybe?)
20. Free (coffee) money, this one's really easy ($25/quarter or $100/yr) w/ BofA and Amazon
. http://www.magnifymoney.com/blog/consumer-watchdog/better-balance-rewards-card
21. Maximize and optimize what you've got
. BankPurely has a 1.30% APY since April (not sure if promo rate?) but most banks have 1.0+% (which is 10x the 0.1% APY rate given by most conventional brick and mortar banks like BofA, Chase, WellsFargo)
a. https://www.depositaccounts.com/savings/
22. Become an Uber driver or deliver post maters? (not a big fan)
23. If you have a spare room not in use, AirBnB it from time to time
24. Check out EventBrite or other social event platforms for free lunch/dinner/drinks
25. InvestinAHP.com or email me for a few Burnzone book with your mailing address
26. Buy Mod Pizza's mega salad for $11.27. Dinner for days!
27. Paid online surveys (not a good use of time)
28. Coupons (think http://www.freestufffinder.com/)
29. Use www.bensbargains.com or slickdeals.net before buying anything online
30. Use Honey or Ebates or other discount portals for Amazon/eBay or other internet purchases to save a few %
31. Certain credit cards provide 5x bonuses (Chase Freedom has rotating categories) and Chase Business cards are good for auto-pay things like internet with extra bonus categories
32. Make a Ghetto Latte at Starbucks and other fun


Growing up in Hawaii where a galleon of milk is $8, I was taught to save money in strange ways. (I don't drink milk)

Some of those were pretty bad which develop into unhealthy money mindsets.

Some downright unethical but hey if you are a cheapskate, own it!

I don't condone any of these tactics but look, it is no coincidence why you folks continuously have so much money to invest and pay your bills on time unlike 4 out 5 of my Birmingham rentals every month.
39
102InterviewSPC102 - Starting from nothing + Losing an Apartment + Transitioning from Active to Passive Income with Pat Hiban YouTube Link: https://youtu.be/dSNwXUhxpLE

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

$480k horizontal income
Podcast is not simple passive cashflow
Used commissions to invest into real estate
Started out trading tome for money, working 40 hours a week, and was left with a $100 every week
Sold timeshare presentations
Danny got 3-4 of these a day and was the leader at the time and Pat beat him
Went to college and went to real estate sales where he is making commissions
Discovered horizontal lines - bought SFHs and moved to apartments and other buildings/businesses
Lost 2/3 of initial investment
LTI - After you pay your bills - currently $200K a year
Moving around current investments
18% lawyer loan, some private equity notes, apartment building syndication
Crossed over at age 46 to financial freedom number
Works 3 days a week (Tuesday-Thursday)
Chose to not work as much in 40s
Look where the poor creative lives because that is where the transitioning area is
Robert Kiyosaki says don't buy where there are crane
Alchemist talks about the beginner's luck - Pat started investing in non-real estate investments in 2008 - 50-100K here and there and 50% of them failed
Rip and duplicate things that are working
Real estate rockstar podcast!
3/4
40
101InterviewSPC101 - Interview Jorge Newberry - Note Buyer Bootcamp announcement and non-performing notesYouTube Video Link: https://youtu.be/aJ5lSoJoRK4

Youtube Audio Only Link: https://youtu.be/NWxFiWwXhrY

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

After Turnkey rentals I see people go into 1) Syndcaitions 2) BRRRS 3) Non performing notes

12/20/2016 - SPC034 - Jorge Newbery goes $28 million into the hole and the fight to get back to even - https://www.youtube.com/watch?v=Y1IN4BTvRPg&t
5/30/2017 - Non-Performing Notes w/ AHP Fund making 12% a year! - https://www.youtube.com/watch?v=ZvKue-rq4y8&t=2s
What is performing notes and non performing notes
Steps to get started
What can you get from people or networking in note world
NBBC Training
How did you start to scale ahp
where AHP succeeded and where we failed
the importance of due diligence - and how identifying trouble before you buy a loser is as important is buying winners
What are a few specific things you do (sort the spreadsheet) and simple formulas for a quick and dirty analysis
how to connect with real sellers willing to sell at real discounts
how to build your note business with the maximum likelihood of success
why the note-buying opportunity continues, and how to get ready for the next downturn
what to expect when you start foreclosure or borrower files bankruptcy
how much to raise capital
the value of contacts and relationships (AHP has taken years to build these up - and you can connect with them in two days)
the overlooked value of servicing, collateral and recording
how to maximize returns with fast, consensual resolutions
choosing a law firm: how to align interests and turn slow & costly into fast & cheap
how to get the most out of your servicer
41
100My StorySPC100 - My Story - The 100th (Drunken) Episode with Abhi Golhar - Who is Lane 2.0YouTube Link: https://youtu.be/x1FsDcF0d2E
Video version: https://youtu.be/azbjx9fhVbU

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Pardon the grammar... I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Lane is dringing Maui Brewing Company Makawao beer and POG IPA and homemade mead (honey wine), Abhi - Whiskey

https://abhigolhar.com/

How old are you? 1985

How much simple passive cash flow do you have coming in and from what investments?

At this point my cashflow is a little lower because some of sfhs are offline because I'm trying to sell them and my syndications are in the ramp up stage but I'm around 3k. more importantly I have very low expenses and essentially financially free. My salary from my paycheck is 4k at the-end if taxes and that's what I use to put right back into my business. That's 3k not including my day job.

- What are your healthiest habits? How do these help contribute to being your best, most productive self?
Intermittent fasting.
Used to do paleo but has evolved to keto
I used to do crossfit but the 225 lb deadlifts twenty one times for three rounds really got old. Its for people in their twenties
Got a trainer who won the hawaiian iron classic
Keep changing goals

- What do you attribute your ability to be prolific and productive to?

I don't have that many distraction
I got lucky with initial positive feedback

I work really hard/consistent
Make tweaks frequently. If you follow me around I do weird things. or going to the restroom put coffee in microwave and then take a call like a machine

- Looking back what do you wish you had done differently along your journey so far?

I wish I would have gotten a personal mentor to call me out on my and minimize the hours of mental planning and scenario


Q1) You mentioned that you have spent close to $60K last year in coaching & mentoring programs/events, can you share some insights on how do you determine which ones worth investing your time & money into, which aren't, and how to avoid the scammers/pitfalls? Are there ones that you recommend trying out or avoiding?

Get feedback from actual students. Make sure there is no referral fee going on.

Allocate a development allowance. 10 percent of your income.

A mentor taught me never to speak bad of others so I won't here publicly. But if you guys get to know me I tell you what I think. Another example of going an inch wide mile deep.

Q2) I've listened to most of your podcasts (and yes I did leave reviews :-)) but can't say every single one so apologize if I missed it if you shared already - how do you manage employer/manager after they learnt you were doing this REI "side gig" with the eye of quitting your day-job? I am sure quite a handful of your listens work for companies that have requirement of disclosing outside business activities that require either company/manager approval, or Compliance clearance, varying level of scrutiny , or maybe just a disclosure. What would be your words of advice or caution on how best to navigate this when one cannot fully launch into investing full-time?

I have a humorous article of what to do in a day job.

But honestly people don't rreally know what I do. I am a government worker who drives a mercedes at work and smiles a lot. It does not make sense. Its good that my parking lot is really big so no one really sees me.

I work in a non profit so I try to respect that they are paying me for my time.

Honestly if they find out I bet the “clock watchers” will become whistle-blowers. my mindset is that it won't be a bad thing. It will just pressure me to work my ass off and get out of day job and take that leap.

I just like how authentic I can be in the way I work with people… In the I interviews for the this last job they asked why should we hire you?

No one else has a masters degree and real world experience that I do and willing to be paid the salary level and will be happy there.

If people give you a hard time this is all about lifestyle creation. Financial freedom gives you the freedom to do what you want. a recommended real is Mark Madsen “How to not give a fuck”. Its not about living life like a cavalier but opting into a conscious life of people and projects that are aligned with you.

42
99#LaneHackSPC099 - #LaneHack - Building a Development Plan & Action Board Plus Optimist/Pessimist 2x2 Matrix, Hacking Airport BaggageHere are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347

Go to this link to grab the Action Board worksheet guild. If you are already an email subscriber the link will automatically get sent out to you with all the post that never make it to podcast.

https://drive.google.com/open?id=1ZGa-E0kNgWSfsABozVaMe8fl11tNEoMQ


Optimist/Pessimist 2x2 Matrix - (My friend and his IPA Beer engineered the following idea…)

Good Outcome Bad Outcome
Optimist + +
Pessimist - -

Psychology Today, the average person has 50,000 thoughts a day.

The Rich Are Optimists - 67% of (Tom Corley study) the self-made millionaires in my study forged the habit of being positive and upbeat. A positive, mental outlook is critical to overcoming problems, obstacles, pitfalls, mistakes and failures. Staying positive is a critical component to becoming wealthy. Positivity is like a radar in search of solutions to intractable problems. Thus, positive thinkers are able to see opportunities, where others see only negative consequences.

The Poor Are Pessimists - 70% of the thoughts of the average person are negative (Psychology Today). Negative thinkers are unable to see solutions to problems. Thus, they are unable to overcome obstacles, pitfalls, their mistakes and their failures. Opportunities pass them by because they are not looking for opportunities. They are too focused on the negative consequences.

The Rich Are Decision-Makers - 91% of the rich in my study were decision-makers. Forging the habit of making decisions is critical to success. Those who develop the habit of making decisions are sought after as leaders, by others. Decision-makers have forged the habit of overcoming the fear of making decisions along with the paralysis of analysis associated with those unable to make decisions. The rich do not over think, which is a form of procrastination. It is impossible to know everything you need to know before making a decision. The rich forge the habit of being comfortable being uncomfortable about making decisions.

The Poor Let Others Make Decisions - 98% of the poor in my study were not decision-makers. They succumb to the fear of making a decision. They get lost in analysis and over thinking, which is a form of procrastination. The poor feel uncomfortable about making decisions, so they defer to others.

Don't examine the roots just eat the fruit!

https://mymorningroutine.com/

Hacking Baggage at the Airport:
Getting your checked baggage off first before everyone else
1) Gate checked because luggage is queued on a First on last out order (FOLO) similar to an elevator. Downside you will have to lug your luggage through security.
2) Have them mark it as fragile

Also you don't have to pay to gate check a bag, just be nice and ask the counter at the gate.
https://youtu.be/zKdxLUTeC7o
http://simplepassivecashflow.com/?p=2903&preview=true
43
98FundamentalsSPC098 - Fundamentals - How I lost $40,000 as a Passive LP InvestorHere are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347

Summary: I brought a house for $43,000 in 2013 and the operator ran the property into the ground and I sold the property for a net of $7,000.

This is the dark side of investing as a passive.

Timeline:

2013 - Had 43,000 in my SDROTH IRA, The deal 9% and 50/50 split on profits. I got the referral from a Self-Directed IRA company. I asked them where should I invest this money because I did not know any better. If you are looking for a good SDIRA custodian let me know.

2014 - Heard this dude was a scam artist from my network but it was too late. Lets just watch this. I started connecting with other clients via the interwebs and learned they had another market that they did this in to which was MS.

2015 - Heard there MS portfolio went underwater, taxes not paid

Mid 2016 - Got the letter saying they were going under and I had several options,
1) Deed in Lieu - had a lease purchase agreement
2) I did not really understand the other options but basically wait in court forever
For about a few months everything was fine. The tenants were paying their 500 dollar rents and I was pretty lucky compared to the other investors who tenants had trashed the homes. This is when the story started coming out on what this shyster did and the poor property manager that took over these problems.

Note that this was in my SDIRA so you can't bring in outside funds to help the property or that could throw out your tax sheltered status per the IRS.

Early 2017…The property went offline

From the Property Mangement:
"The home is in pretty bad cosmetic shape. Keep in mind it looks worse than it really is. The photos will be shocking but most appears to be cosmetic repairs. The exterior just needs cleaned up (cut grass, trim hedges, clean and small repairs to gutters and down spouts). However, the interior had a bathroom leak on the second floor, there is alot of trash. It will require new flooring throughout, a new vanity in the bathroom as well as new caulking around the tub. It will need some patching and painting of the interior walls, a new drop ceiling tile and about a 30-yard trash out. I could not test the mechanicals but they appear serviceable. No way to really know until you have them up and running though."

Summer 2017 - The city had a lot of complains about the grass not being kept.

We could not find these lost Western union checks - they were written out to my personal name.

August 2017 - House listed 25,000 with the broker fee 4000. Average days on market 180 days for a retail ready.

Average days-on-market for homes between $10,400 - $15,600 = 138 (in zip code 16101)


Time suck!

A couple offer/counters.

November 2017 - Property sold and I walk away with $7,000 after sales commissions 9

I only had about $12K in my Roth IRA. I could have kept building that amount via a fund or private money lending (although that was a small amount) because my contributions were 20-40K range. In a Roth IRA you can take out contributions any time. I used to do this for an emergency account but because I am pretty good at finding good deals I would rather have the cash and minimize administrative headaches that takes time away from deal finding, networking, and making podcasts. The fees were about 25 a quarter so that would have been 1% a year. Each transaction I would have done would have been an additional $50 dollars to execute along with the time it consumed.

More information on my recent transitions to syndications please check out my previous podcast.

QRPs

Lesson learned: don't invest with anyone you don't know, like, trust, or outside 1 degree of separation. There are deals out there being passed around via daisy chain style where no one really knows who each other are.


http://www.selectcranberry.info/remaxpade/modules/internet/search/search2.asp?p=findahome.asp&listing=true&mlsid=2196&mlsnumber=1301374&officeaccountid=182667&rnmid=171559122112164824&rnmsob=true

https://www.biggerpockets.com/forums/517/topics/490254-913-warren-ave-new-castle-4th-pa-16101

See pictures
https://youtu.be/D7j79XknQqg
44
97FundamentalsSPC097 - Investing via Crowdfunding Sites to open the country club - A Chat with Reality SharesHere are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347

Reality Shares came from the Jobs Act
April 2013 Reality Shares began
Accredited only
14-20% Class B MFH estimates
Also have preferred equity options 10-14% IRRs
1st lien debt or 2nd lien 7-12%
If you are not connected Crowdfunding options
From a syndications view, they are charged an origination fee
1% asset management team (from cashflow) from reality shares
1% Funding Fee, 1% Asset management fee
Some crowdfunding is taking equity upside
Due diligence - credit checks, background checks, 3rd party check of purchase price verification, then look at the deal (market, pricing)
Less than 5% of deals make it to the platform
THere is a max the crowdfunding site with one syndicator (2-3M) to diversity risk for the firm
Reality Shares is a Broker-Dealer
https://youtu.be/Yxwqe1yaUPQ
45
96InterviewSPC096 - Interview - Kevin Bupp - Mobile home investingMobile home investor
His business is not simple or passive
did no go from a career to REI
Started when was 19 years old
Started buying SFHs and 2008 changed things and made Kevin Rebuild
MFH was not scaleable
Then was introduced to mobile home parks
Everyone should start smaller to learn about working with tenants
Anti turnkey rentals 1) based on comps 2) buying retails
Cap rates are only important on the sale
Only look at cash on cash return (not IRR)
used 35% expense ratio
Work with the broker to come to a price - can you help me understand?
MHP have 50/50 LP GP splits where MFH has a little high 70/30 split
40K a year and under, people making 12-15 dollars an hour
Excercise is the success tip
46
95InterviewSPC095 - Interview - Andrew Campbell from Passive Cashflow Side-hustle to active investingAutin Texas Native
Bought Duplex and fourplex to start (76 on own for passive cashflow)
Started out with the intention of getting passive cashflow
Was working marketing in Minnesota when father had a heart attack and started buying rentals with brother
Was doing self-managing when first started on own
Flexibility in what you do with your time
Father getting sick was the turning point
Boots on the ground lead is very important
Value-add can mean both 20-30% occupied and adding crazy value and 90% occupied and taking it to 95%
Developments have 25% returns per year
47
94FundamentalsPodcast #94 - Fundamentals - Ask Lane: MFH latest underwriting hacks, GP/LP Splits, reading an executive summary, mobile homesStories from my SFH portfolio...

One of my longest tenants went AWOL. :(

“They did send in a partial payment of  $965 that we received on Monday..  They now owe for January and $385 past due.  for a total of $1,263  I am not sure why they are being so uncooperative for the inspection”

A couple weeks later…

“She has been in the hospital again.  I gave her our direct number and she said she will call.  She is also supposed to bring the late part and will bringing last months rent in about a week and half.  She apologized for the trouble of getting her, but she was not able to return calls.”

I like to work through and with my property management.

They alerted me of the issue.

“Seems like valid reason for being late. Maybe we can ask for hospital invoice or doctor note just for record keeping. We might submit to the potential seller to explain the gap in the rent rolls. That way we can verify it too. “

Rats!



The dishwasher stopped working in this home.  It looks like it needs a new sprayer arm and wire harness for $285.89.  But the bigger picture is there are rodents in the home that chewed the wires.  See pictures. 

We will need the approval to repair the dishwasher but first, we will also need to get a quote for rodent removal.  The quotes for rodent removal are free so I will send someone out to see how extensive the rodent issue is.  I will keep you updated and we will go from there.

Our tech went to this property and reported the following:

dishwasher model# gz8945pg35 wire harness was chewed by rodents also spray arm has burn spots estimate for repair $285.89

Sign up for the Hui Deal Pipeline Club to get access to a Sears pricing list to see how my you are getting screwed for by your property management.

Our tech made a temporary fix to wires so dishwasher is working now.  We also recommend to do something about rodents otherwise they may cause more issue....

But hey just got my AHP and private lending not monthly payment J

Mold in one of my properties

Buying a drone-

For the past few years I have been amazed the amazing drone shots. 

J Martin posted some shots in Changmai, Thailand and I started to ask him which one he used. Basically there are two of them that everyone gets one that is mobile and in 1080p (300) the other which is larger and in 4K (1000). 

I’ve been adding videos to our YouTube channel and think that the 4K is where the future is. I’m making the leap to get the 1000 dollar version. I also am going to consider it a business purchase so I can get a nice entrepreneur discount too. Sometimes I think in amazement how crazy that would be to buy such a toy for a miser like myself. But then I figure I would take cool shots for our investor club when I do due diligence. How cool would it be to take shot of drilling rigs for exploratory drilling? Yup we are going there. 

A couple of years ago when we were working our first project in Iowa which we ultimately dropped we did some video and it really brought the project to life. 

As a side note, I had shinny object syndrome kick in and thought I would be able to make videos for other companies. Imagine I could go to a CrossFit and record their outdoor workout or go to a wedding (and get free food). 

Then I thought that I could get a dime a dozen (commodity employee) or Millennial good with computers to do the tedious editing for me. 

But then I stopped myself. But the whole mental exercise brought insight about what I want to ultimately hit my Simple Passive Cashflow number when you work on things for joy and engagement. What better to help people share awesome visuals and be around people on their special day like a wedding or birthday party. 

So I heard Uncle Buck Joffrey started intermittent fasting a few months ago and lost 40 lbs. I started doing IF when I started renting out my first home in 2010. I can remember reading the ebook “eat stop eat”. 

Ralph Waldo Emerson
"The first wealth is health."

I needed to step my game up so I decided to find a personal trainer. So stay tuned for that. After spending 60k in 2016 and 30k in 2017 on training and mentorship I truly see the value of it. Of course, as you know I am someone who takes action. I can also say being on the other end mentoring you guys in my paid coaching program that it’s neat seeing the barriers broken. Honestly, I don’t feel like I do much but the results are amazing. As an ex crossfit coach myself, if you would asked me if paying someone 90 dollars to count my reps and pass me the weights... I would have thought you were crazy. But now I get it!

Wanted to share a trend that I have been seeing in the past 6 months in MFH (idk how it manifests in sfh?)

The class c assets are getting beat down by cap rate compression (delta between cap rate and interest rates) and therefore a lot of the experienced investors are getting into class b because the per cost unit is getting pretty much the same. This is moving away from the normal business plan for turning class c to b. The thought is... heck might as well go for the 1980s build instead of 1960-1970s stuff for the same price. Having a newer asset might also be a little more conservative way to go with this stage in the market cycles because in a correction A will move to B... And B will move to C and the lower class D/C in the tertiary areas will see most of the vacancy or rent concessions.

Hurricanes:

I got to pondering looking back when New Orleans was hit by Hurricane Katrina there were short-term disruptions to gas prices especially since Houston is a major think tank for the metro industry. I expect Federal money which might have been focused on (helicopter money) be spent on infrastructure spending or tax cuts NOW be redirected to damage recovery.. Which will manifest as tax breaks, loan subsidies, or other incentives offered to entice investment capital to flow into affected markets.

Definitely an opportunity in the short term to go in there and develop to take advantage of the fiscally earmarked casually funds.

As a long-term buy hold investor what I am keying in on is what the big institutional players (like insurance companies) will do. I suspect they will actually have to pony up and pay claims in Houston and Florida which will divert funding away from their Plan A: financing new class A multi-family apartments in other markets. This results in less new developments coming online which is great for Class B and C mfh investors who have been struggling with the recent cap rate compression.

Other random thoughts:

Low / no equity homeowners will walk from their properties and focus on rebuilding their lives as renters for the next 2 years. These foreclosures will certainly impact values in numerous communities throughout Houston.

2. Many insurance companies will re-think the coastal markets and their policy premiums for same. This, along with the inevitable increase in flood insurance premiums will also impact buying power for future homeowners.

3. Landlords will be in demanding higher rents as there will be a shortage of housing for the next year or while properties are rebuilt.

4. Long-term impact can only be speculated on since this was an epic storm that caused billions in damage to homes, autos and businesses but those purchasing SFR's better buy very, very low or they could be the next distressed sellers.
Changes in MFH Underwriting and getting deals

I've had some hurdles here.  It seems the standards in submitting LOI's have been changing the past 9 months. What changes have you been seeing from the front line?

1/ Business conditions are dictating POF with the LOI.   Based on the latest sophisticated investors are underwriting deals with 80/20 terms,  1% interest only and 1.25 DSCR.

It's becoming more common for brokers to review the buyers' underwriting before accepting an LOI to present to the sellers.  The brokers view these terms as aggressive and are reluctant to submit my LOI.  It matters who your lender because it comes down to team and a portion of it is your lender.  Large deals have been falling out of escrow due to over-aggressive underwriting that cannot find financing.  Las Vegas lenders are underwriting at 65/35 LTV, 1.3 DSCR.  You can change your underwriting to match Las Vegas standards, giving brokers more comfort, and therefore remain on the 'A' list or do nothing.

A lot of time you will needs POF with the LOI.  Use an angel… anyone who is an 'Angel' on the LOI, will be given the option to KP and co-sponsor ( if qualified ) the deal if the LOI is accepted.  The average $/unit for a C-class, value-add, stabilized asset in a C to B- area is $55-85K.  The POF for a 200 unit property at the top end is $5.95M.  

2/  Post close liquidity equal to 10% of the loan.

3/  Proof of net worth equal to the value of the property.

4/  Hard money; the standard is becoming 1% of the purchase price (I haven't submitted an LOI with hard money yet; .5% hard money and see if that places me in best and final).  

Question: I heard you say in the podcast that you have a team in Atlanta. How did you go about building a team there? Is there a podcast episode on that?

I think it's no secret that as the sellers market matures, turnkey properties not in war-zones are becoming endangered species. When I began picking these things up in 2013 you could get inside the loop highway (under an hour commute to the city center) and get a 1980-1990s product. Now you are looking outside of the loop highway and in 1940-1960 properties. The good turnkey providers are frankly making more money selling to retail buyers than us cheapo investors who has got a million questions. The stuff I see coming out on most lists are properties that you would not want to buy. Unless you have someone boots on the group (who is not trying to sell you) and is agnostic to the transaction, you are going in blind to a loaded minefield.

I am beginning to leverage my contacts and finding investor focused real estate agents who know what to look for in a rental property. This effectively cuts out the middleman in the transaction but it requires you to know what you are doing in the first place (two to four transactions or a mentor) so you can coach your agent and arrange for contractors. You find one person who is good you find the others because good people associate with good people.

I feel like the SimplePassiveCashflow Facebook group has reached a tipping point where everything you need from a peer investor network is here. You just have to go about it the right way. One wrong way I see it done and I see it done in other groups and BiggerPockets is being an "ask-hole". Asking a one off question and not contributing to the community is a sure way to get crickets and a one off answer. But you miss the point, which is to build a relationship. Put your perspective goggles on and think... how can I add value to someone or others? What do they need?

So my call to action is if you want to team up with me and help me source properties and teams let me know. The rest please stand by for PML deals and others on the Hui Deal Pipeline club.

We need to stick together and work collectively. As a Hui. I know what happens when you read a few websites and podcasts and go it Rambo style because I did it myself when I first got started. You will get eaten by the sharks and you won't know what got taken from you. You leave so much money on the table that you don't realize a couple years down the road.

I don't want to discourage anyone from not buying because at the end of the day even with the prices as they are it's still better than the equity markets. I currently believe that there is a 50% chance we will see a recession in the next three years so keep investing just as long as the numbers make sense. If you don't know the numbers or think you know get someone to help.

Where do you think the crossover point is?

I am talked to over a couple hundred people over the past year and for those people SAVING less than 30K per year after their day job should invest in rentals or turnkey rentals in a market like kansas city, memphis, atlanta, birmingham, not seattle, san francisco, california...

 The short term goal is to gain landlord/acquisition knowledge and build a cashflow base of a couple thousand every month. But once you achieve that you should step up to larger passive partnerships/syndications because the return to pain in the butt ratio is greater. People who call/email/write on forums fail to see this two phase journey. People hear the benefits of MFH and come up with the ridiculous 1000 unit goal when they have not even see if they are borrowing material on their first buy and hold. Eventually, a lot of people quite a fizzle out while starting out on the MFH road when they should have done sfh and this insight.

As much as I advocate for "simple" I am really an advocate for the minimal effective dose to maximize returns with minimal effort.

So I'm trying to learn how to evaluate syndications as a passive investor. I was looking to a deal that was presented to me near your last one and I ran a quick analysis. What do you think?

CONS:

- 1990s build A class than B/C Class @ 120k per door and value-add reposition is from B/C to A, risky at this market cycle in event of a recession and rent contraction (Usually we are buying at 45-65K a door with a stabilized building that have over 90% occupancy)

- Loan is 80.25% LTV -> too high? - (This is not really a factor - you want to be borrowing as much as you can and this is why you are going with such syndication to buy in bulk with others and get better terms. When looking at the loan you need to look at the term such as loan length, if it is recourse or non-recourse, and pre-payment terms)

- Loan is 36 months -> dangerous in this cycle (5 years and less is dangerous, just closed on a property in OKC for 10 year 4.22% 3 year interest only)

PROS:

- Sponsors experienced - how did you verify this? (Talking to investors who were in past deals. Relying on my network to discuss reputation and character. Note: This is not going to be completed by emails or phone calls.)

- Investor waterfall favourable - (Waterfalls create complexity and typically they mean less returns for the passives. Generally, the best terms for investors is a simple 80/20 or 70/30 split. Waterfalls raise a red flag for me. I have seen people balk from a high sponsor fee but that is just one thing, if it’s a deal then the sponsor should be able to take what they want. A deal is something that is underwritten very conservatively - see below)

Based on my limited and growing knowledge, I wouldn't invest in this deal if I had the funds. What do you think?

(You are scratching the surface of these: A true analysis of the deal requires you to have income and loss statements and rent rolls going back 12 months and possibly 36 months. This is where analysis totally differs from SFH or units under a dozen. Another part is to analyze the rental comps because 90% of the projections are based on the proforma rents per square footage. A lot of smoke and mirrors can be used by leads and brokers to inflate this number. Comps need to be verified and it is really a touchy feely thing. It cannot be a feeling on hey this 1985 property looks like this 1987 property on the westside of the train tracks looks like I can get $1.12/Rent per SF. Warning...I have see a lot of garbage underwriting play with annual rent increases 2.5%+ a year, expenses increase less than inflation - under 2% annual increases, and total rent increases of over 18% - this is something Patrickherbig.com has really opened my eyes too.  Past performance is not an indicator of success and 2012-2016 anyone could have made money if you were in the right place.)

I saw the last deal you did was at a 70/30 as opposed to 80/20, which is what I understand to be the generally accepted industry standard for syndications.  How do you think about evaluating deals with respect to the profit split, both from the investor and the sponsor perspective?  I’m trying to understand the situations where a “below market” upside would be acceptable and how the sponsors decide what structure to use - is it just based on supply/demand and the reputation of the deal sponsors (ie the sponsors/GPs will make the deal as favorable to them vs the LPs as possible while still being able to attract investors)?  

I see a lot of yahoos doing 70/30 splits with silly assumptions like 1% expenses increases and expectations of over 20% bump in rents. I also see a lot of 80/20 and 90/10 deals that are run by folks with long and short track records. Beware of a person with a nice suit. I think I need to personally show up better because of people never the less associate a shinny pdf deck and cool bio page as reliability or perceived value. I would not really look at the GP/LP splits. The way I see it if it’s a great deal then we as LPs should have a large room for error and heck yea the GP should be taking a large cut. But things get muddled by the assumptions the GP is using and quite frankly unless you have analyzed 100-200 large MFH properties and put in a few LOIs I don’t think you will be able to see where the red flags are. There is a YouTube video “Bear and basketball awareness test” https://www.youtube.com/watch?v=Ahg6qcgoay4 where you get fixated on this split stuff and forget the fundamentals of the deal.

Thoughts on mobile home parks/ self-storage?

I recognize as both still being in the real estate category as a good way to diversify away from Real Estate in a heated market. I admit I don’t know much about the two, especially self-storage. From what I have gathered from other investors the Cashflow in Mobile homes is a little higher but there is not as explosive upside as apartments. This upside is really never captured in a conservative proforma anyway. Mobile home parks are a not being made and in times of correction, they are going to be in very high demand.

I have been looking at some mobile home parks and talking to a bunch of you if you are more interested in either a single asset higher risk/reward mobile home park or a more diversified play of multiple parks in one. 
48
93FundamentalsSPC093 - Fundamentals - 1031 Exchange tips with Russell Marsan of IPX1031 Lane's note: I personally don't like 1031 exchanges for sophisticated investors who will one day graduate to syndications because they are not "like kind" exchange. It just goes to show that understand where your advice is coming from. A lender will want you to get a portfolio loan, a lawyer will want you to get an elaborate entity structure, and a 1031 custodian will want you to do a 1031 exchange.
You get to list and buy a property from who ever
I bought 9 properties by selling 2 properties and delayed the taxes
Note: recorded in 2017 prior to 2018 tax changes
a 1031 exchange avoids capital gain and depreciation recapture
Drawbacks - you have to time the sale and purchase of the new asset
In a sellers market you can get a good price but have trouble finding a good asset
45 day rule - you have this time period begins at the close of escrow of the first property you have to identify a list of property that they would possibly close on
180 day rule - you have this time period begins at the close of escrow of the first property you have to close on the replacement property
Try to line up inventory in the pipeline
Delaware Statutory Trust - you close on relinquished property and park the money goes into the exchange account with intermediary
Reverse exchange - alleviates selling property and not finding anything - you can take all the time in the world to acquire the property and then sell your relinquished property, the problem is that it is costly, qualified intermediary else closes the new property, required cash to purchase new property and possibly need a L1 environmental
Section 721 - donate real estate to partnership interest
And exotic exchange ideas
49
92#LaneHack
SPC092 - #LaneHack - Coaching & Group Coaching Programs
More details: SimplePassiveCashflow.com/coaching
50
91Fundamentals
SPC091 - 2017 Recap - Hui Deal Pipeline Club acquires $50M or real estate and raises $3.5M for syndications
Correction: Hui Deal Pipeline Club acquires $50M or real estate and raises $3.5M for syndications
2017 Recap
An amazing year which started on January 1 2017 me waking up in Atlanta after seeing my Washington Huskies getting destroyed by Alabama in the Peach Bowl and traveling to Birmingham to look at some turnkey rentals.
A year of changes & 2018 Preview

1) Just wanted to let you know that I have officially moved to Hawaii!
2) https://www.youtube.com/watch?v=_upavLy3SEI
Let me know if you visit Honolulu! Let me pick you up from Honolulu Airport and have a consult for some tax savings.
3) The first change this year was that old website that looked like "Flubber blew up” is gone and replaced with a decent website. I was also looking back at some old email newsletter that I sent out with some funny Gifs which I will post on the email newsletter and website.

Here is video walkthrough of the new one: https://share.viewedit.com/iPBEYsNWW9uuvsZWJewFb3
4) I have been making additions to the YouTube Channel not found on the website so please Subscribe and Share: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ
5) Personally I got up to 825 units… most of which in the second half of 2017 after a very quiet 2015-2016.
6) I am migrating to a new database that will support over 900 investors in the Hui Deal Pipeline Club. Please fill out the following form so I can keep you up to date on the latest deals I come across... The new database is pretty slick so based on your answers.
a. Acquired $35M Total real estate, 589 units acquired, 2M raised for syndications (Coffee, apartments, RV parks, Private money lending)
7) With the success of our last four syndications and raising the following for the Hui Deal Pipeline club (https://simplepassivecashflow.activehosted.com/f/3) I will continue to expand the opportunities by continuing my membership in an Apartment mentoring group as well as a Syndication Mastermind to get access to higher quality deals. I spent $60,000 in 2016 and $30,000 in 2017 on expanding my network and knowledge and will continue to do this to produce the best deals and content. Going to goals seminar in January and will be thinking of where to take this. – Initiative not to “train my investors down” and improve my due-diligence. Help me help us!
Projects to come in 2018:
• More Deals – I bought this drone!
• Individual Coaching with discounts for need-based financial assistance
• Group Coaching (www.simplepassivecashflow.com/coaching)
• Webinars
• Mastermind roll out for investors investing $50K or more in any of our deals (www.simplepassivecashflow.com/mastermind)

Action Items:
1) Let me know if you are interested in coaching, group coaching, or the Mastermind
2) Let me know what are you working on these days? What has got you blocked? I might have a contact or input that may help! Lane@simplepassivecashflow.com
3) Can you help me spread the word of the podcast? Can you make an email intro to me of anyone you think would like additional exposure on the SimplePassiveCashflow Podcast?

My goal is to help others escape the rat race. Please share it with your friends and family because after all, once you have left the day job you won't have anyone to have a lunch date with during the 'regular' work week.

We have all heard that you are the average of the 5 people you hang out with most but I would argue that the 5 people you keep in company, can be the end of you. Choose your supporting cast wisely and consciously. Be aware of unconscious mentors, ie podcasts, tv, radio, books you read. I'm all about automation and spending my time of things that are more important.

So you can just copy and paste the below:

Hey Man, I just checked out this blog with podcast where they actually show how to buy passive real estate investments to build streams of income to leave the day job.. They have this free 10 course "Think Outside the Cubicle" series with access to spreadsheets, mindset tips, networking offers, and deal-flow access.. Here is the sign-up for just the website updates: https://simplepassivecashflow.activehosted.com/f/1

Podcast links:

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

And if you want to cherry pick for specific investing topics here is the spreadsheet with a summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1FJ8rBA-SxQ50KJpQP1lppHC9UNLGLS2mIQS899X8__A

With the year closing I urge you to take a time out and ponder the following.

Don’t just read the questions… set the timer for 10 minutes and just think.


 In an ideal world, what would your upcoming year look like?
 What do you wish for in the new year?
 What dreams would you like to come true?
 What goals would you like to pursue and achieve?
 What new knowledge would you gain?
 What new skills would you acquire?
 How much money would you make?
 How much money would you save?
 How much would you weigh?
 How many miles would you be able to run?
 How fit would your muscles be?
 What new, powerful relationships would you like to forge?
 What exotic places would you travel to?
 What new job would you have?
 What promotion would you receive?
 What fun things would you do?
 How much time would you spend with your family?
 What would your ideal, perfect day look like in the new year?




51
90Fundamentals
SPC090 - Fundamentals - Scaling up through raising money with Victor Menasce
2010 - Moved from Tech job
Quickly scaled up his business and ran out of money
Infill = urban setting
greenfield = land up
Started with JVs by small residential projects and expanded to apartments
It's not about the deal... It's about the team
Someone told him to focus on raising money
Fundraise or Deal Operator
MFH is resilient to cycles but most of the larger projects have too many offers on one property... You don't want to be the winning offer
Use interest rate reserve as another line item in the budget
Demand for class A is not there for what is built
Find where the line is in a city and move the line
Don't ask about a general city, ask about a few block radius
Student housing - look at the local market for overbuilt from university (look at bedroom alignments)
Unclear about military housing near bases which is like having one employer
Tax abatements offered on government stimulus for possibly 10 years
Non-resident owner might not be eligible for FEMA assistance
SFH property has all your cash in the deal
2008 was a banking crisis, not a real estate crisis
Does not have paper assets because his old CEO lied to the public and realized that the small investor has no control
12/26/2017
https://youtu.be/qNDnlaJfxTA
http://simplepassivecashflow.com/?p=2550&preview=truehttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a435aef968b52d22587f69b
52
89#LaneHack
SPC089 - #LaneHack - Using the App 'If Then Then If' and other automation hacks from your emails and random hacks
Set up location based automations
Setup routine maintenance reminders
Set up news alerts
Have weekly updates so you can batch tasks and updates
Have alerts exception based via text or email
Followupthen.com
File away your emails
Pull tasks don't push it to you
Using gmail tags like "At home", "Bank Statement", "When you have time", "Stuff to do when I'm tired"
GTD by David Allen
7 Habits of Effective People
Trello app
Don't go to grocery store at busy times and park far away
https://youtu.be/aCz9rpMCs-M<iframe width="560" height="315" src="https://www.youtube.com/embed/aCz9rpMCs-M" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>http://simplepassivecashflow.com/lanehack-using-app-automation-hacks-emails-random-hacks/https://www.biggerpockets.com/blogs/7810/68993-using-the-app-if-then-then-ifhttps://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a3ac4abb5de8fcd25f0639c
53
88Interview
SPC088 - Flipping is just a JOB and going Large Apartments with Jason Yarusi
Sold off short term rentals and now Large MFH investor
Started in family construction business for framing
Started flipping then rentals
Moved from using cash for everything to using leverage
You can bring Money Time Knowledge or deal
Team up with Lane :P
Push through bad experiences
A year of learning MFH before going into it
Getting your Fannie Mae card is key via a mentor
Add value to a mentor
Keep your focus but pivot quickly
Mediation and running helps him set the day
Focus on where you want to be
Check out the classifieds in newspapers
https://youtu.be/4RNUdI5whCw<iframe width="560" height="315" src="https://www.youtube.com/embed/4RNUdI5whCw" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-jason-yarusi/https://www.biggerpockets.com/blogs/7810/68872-flipping-is-just-a-job?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a35be44877c73e674f503a4
54
87FundamentalsSPC087 - Fundamentals - What amenities should I provide my rentals and new technologies w/ Dana Dunford Nest automates thermosts and one day in the near future is a good implementation in B rentals
HVAC or dishwasher breaks and technology can alert you
Technology good for B and A class
Class B rentals are having Amazon lockers and these Nest thermostates
Know who your avatar
At one time backsplash in kitches was unheard of now its a cheap fix
What is standard in the market? Dishwashers, garage doors, laundry pay
Zillow gives good filters for amenties like washer dryers
Ask your property management what is standard
SFHs you should have the tenant paying the utilities
RUBS is reimbuseable utility billing system
skeptic on keyless entry soon but good for short term rentals
A lot of new harward and software coming but lets try it out at our own homes first yea 😁
Use the techonolgy in your rentals for tracking and monitoring
Don't have personal relationships with your tenants
Get property managemnt is the most critical person on your team and go off referals
Yelp is just angry vendors writing bad reviews for each other
I look for the negative reviews as a good thing because they don't want to cave in to resident requests

A nest thermostat or Thanksgiving Turkey
Might be a good gift to bait to a longer contract
https://youtu.be/9dTK6QlrJ10<iframe width="560" height="315" src="https://www.youtube.com/embed/9dTK6QlrJ10" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-dana-dunford/https://www.biggerpockets.com/blogs/7810/68509-what-amenities-should-i-provide-my-rentals-and-new-technologies?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a2af689d97c54ea788d0f6c
55
86FundamentalsSPC086 - Fundamentals - Getting Business Lines of Credit with Ty Crandall
Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded and has been featured by Entrepreneur, Inc, and Forbes. Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States. We help investors obtain capital to purchase real estate.
Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
Several forms of automation, most recently an automated system for billing recovery.
www.creditsuite.com, info@creditsuite.com, 877-600-2487
Business credit does not use personal credit
Uses your Business EIN
1) Set up a business, website, physical address, land line
2) Get setup with reporting agency - write to reporting agency to see if you have an existing report
3) Get credit cards using EIN (Do not use Social Security Number)
4) Get Uline, Quill, Grainger, Seaton, Gimler, etc accounts
5) After 5 accounts get Home Depot, Lowes, Cash Credit Cards, Amazon, Sears
6) After 10 accounts get VIsa or Mastercard accounts
creditsuite.com/reports
11/29/2017https://youtu.be/UMbu8QnLkWQ<iframe width="560" height="315" src="https://www.youtube.com/embed/UMbu8QnLkWQ" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-ty-crandall-getting-business-lines-credit/https://www.biggerpockets.com/blogs/7810/68312-getting-business-lines-of-credit?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a21c3c2da501aae4aaf02df
56
85InterviewSPC085 - 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 low life smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Did you "burn the boats" or did you let it happen naturally - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?
My moment was definitely burning the boats. I quit college which basically meant that I was not going of have the normal 9-5 corporate life and set on the path towards entrepreneurship evers since.

3) Worst life/business moment and what did you do after? Lesson learned?
Losing my first business after having seven figure offers that I turned down.

4) Current 2-week experiment and 6-month project? (90-180 day goal). A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.
● Current 2-week experiment - taking three breaks a day for meditation
● 6 month project - building a life where I live in both Atlanta and Miami

5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on.
● Ideal day - Exactly what I'm doing right now. I love what I do. I don't have to do it but it’s my passion.
● Projects - Buying and selling businesses. Helping people avoid the risk and headaches of starting a business and show them how to buy one instead.

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

7) Something that you changed your mind on? Our ego often gets in the way of greatness.
In negotiating deals, sometimes you end up fighting with seller’s egos instead of logic. There have definitely been deals that I have walked away from because I didn't want to deal with the seller’s ego.

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

a) What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual?
● My secret hack is avoid what everybody else is doing. The greatest opportunity is always found where the fewest people are looking.
● Morning Ritual - To start the day with as much positive energy and emotions as possible.

b) What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?
● I joined a Big Brother mentoring program.

8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
● Instagram - ace.chapman
● Twitter - acechapman
● Youtube - Ace Chapman
● Facebook - Ace Chapman
● Website - www.acechapman.com
11/27/2017https://youtu.be/04mzbnJ3T3Y<iframe width="560" height="315" src="https://www.youtube.com/embed/04mzbnJ3T3Y" frameborder="0" allowfullscreen></iframe>https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a191764ecaea4c656b974ee
57
84InterviewSPC084 - 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 low life smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change:
I met a general contractor in 2010, and we decided to do a couple residential development deals together. Through that relationship I was introduced to several people who were instrumental in me taking the next steps to build my passive income portfolio from there. Combine this with the fact that I was becoming increasingly frustrated with the corporate world, and that drove me to become even more focused on escaping the rat race.

3) Did you "burn the boats" or did you let it happen naturally? Was there an internal (you decided to make a change on your own – what was thought process?) or an external trigger (ie got fired from your job)?
I decided to make the change on my own, as I desired financial freedom and to spend more time with my family. The external factor of becoming frustrated with the corporate world was not the primary driver, but it did add to my motivation.

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

5) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.
My top two goals in 2017 are around family and health. If I can find and do one 50+ unit multifamily deal in 2017, that will be icing on the cake.

6) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on.
Simple passive cashflow number is $20K/month. If I had $40K/month, it’s full retirement in Central America. It would be lots of days in the sun with my wife and daughter, plus exploring this region of the world. We would, of course homeschool our daughter.

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

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

a) What is your secret/hack for the "Science of Achievement?" Any secret habits to share?
Never stop learning. Learning leads to action, and action leads to success.
b) What is your secret/hack for the "Art of Fulfillment?". How you do contribute back?
There should always be a reason other than money for why you do anything. For example, I didn't build a passive income portfolio because I wanted to buy a fancy car, bigger house or a Tesla. I did it because I wanted to be financially free so I could spend more time with my family and positively impact other people. So, I contribute back by giving people a great place to live, but I am also able to give more of my time (e.g. Salvation Army, etc).

9) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
I would like to give the listeners a free gift as a thank you for listening: 10 “Not So Obvious” Ways to Boost Your Multifamily Property NOI. You can get it at: http://www.luxmana.com/simplepassivecashflow
11/27/2017https://youtu.be/Bv2z2JylASs<iframe width="560" height="315" src="https://www.youtube.com/embed/Bv2z2JylASs" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interview-mark-walker/https://www.biggerpockets.com/blogs/7810/68092-interview-with-mark-walker-very-shady-characters?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a17124bc70b35e451e65296
58
83Fundamentals
SPC083 - 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
11/14/2017https://www.youtube.com/watch?v=tFTWBgjkW2g&feature=youtu.be<iframe width="560" height="315" src="https://www.youtube.com/embed/tFTWBgjkW2g" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/thinking-outside-cubicle/https://www.biggerpockets.com/blogs/7810/67839-thinking-outside-the-cubicle?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a0cc64c6be3c71d7ef9fb20
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82FundamentalsSPC082 - Fundamentals - Paying for College Expenses with Coverdale's, 529s, and hacking the Financial Aid with Brad Baldridge.mp3Brad Baldridge is a late-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans. Over the past 10 years Brad has directly helped hundreds of families plan and pay for college. He has provided in-depth college plans resulting in increased financial aid, scholarships, identification of the right schools at the right price, and better loans.



• 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 and some states have special breaks based on where you live

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

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

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

• You can transfer it to another brother or sister

• Its rare to have too much money in a 529

• Consider making a higher rate of return outside a 529

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

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

• The net value is what is important for financial aid

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

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

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

• There are tax credits but check your taxable income so you don't phase out
11/7/2017https://youtu.be/CaWxsvWAF9k<iframe width="560" height="315" src="https://www.youtube.com/embed/CaWxsvWAF9k" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interviewwithbradbaldridge/https://www.biggerpockets.com/blogs/7810/67498-paying-for-college-expenses-with-coverdales-529s-and-hacking-the-fin?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/5a0314225ac258542eab39c5
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81InterviewSPC081 - Fundamentals - Mark Podolsky - The Land Geek and Raw Land Investing with Facebook Craigslist buy sell groups
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company Frontier Equity Properties, LLC is an A+ rated BBB real estate company.

Topics that are covered in this episode:
• Go on Treasury List to see who owns back taxes
• Unsophisticated come into ownership of raw land
• Buy it at 20-30% value, ensure so encumbrances
• The neighbor's are the first people to buy if not maybe they want to sell theirs and now you have a larger tract
• Use Facebook and craigslist
• Use owner financing
• 3-5% response rate of offers
• All counties are different on how you get land listings
• Use gegolook.com or use craigslist or what three words app
• Facebook buy and sell groups
• Use special warranty deed and full warranty deed
• Blinkist
• Stop being an optimizer once you have your simple passive cashflow number
10/31/2017https://youtu.be/qM-bHN3EbmA<iframe width="560" height="315" src="https://www.youtube.com/embed/qM-bHN3EbmA" frameborder="0" allowfullscreen></iframe>http://simplepassivecashflow.com/interviewwithmarkpodolsky/https://www.biggerpockets.com/blogs/7810/67282-the-land-geek-and-raw-land-investing-with-facebook-craigslist-buy-sell?created=1https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59fb39658d6cc4af4d449f5f
61
80FundamentalsSPC080 - Fundamentals - My Story - Moving from Single Family to Multifamily InvestingHey guys I'm about to get naked here… I am personally making a shift in my portfolio to MFH syndications and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)

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

National Save for Retirement Week: October 15 – 21, 2017
scam emails to get information from more and more wholesalers
insurance want 5% deductible

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

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

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

As I talked a few podcasts ago of a 10k repair, and multiple other headaches, my attitude for these SFHs are changing. And it's kinda funny talking to the many of you setting up calls to get on the Hui Deal Pipeline Club to get sent the deals I come across:
https://simplepassivecashflow.activehosted.com/f/3

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

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

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

The straw that broke the camel's back...

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

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

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

This was sign from above which many of you guys hear from me that I sort of believe in. I was already mentally making the shift to making the move. Going down the quote from the repair company it was clear that a lot of the scope items were a bit excessive and 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

Stages of trauma… denial, anger, anger, sadness, motivated

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

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

We waste so much time make decisions. A lot of people myself included get shiny object syndrome when really it's an excuse.

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

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


Picture of my back of envelope tax hit

I want to be very clear… If you are not an accredited 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 pros cons 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 up for the Make sure you sign up for my Hui Deal Pipeline Club:
https://simplepassivecashflow.activehosted.com/f/3
I figure it was only fair if I showed you my naked photos… I mean P&Ls that you take a few minutes to complete a form with your investor profile on.

And if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late payments, repairs, capex 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

Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.
10/27/2017
https://youtu.be/VJ3843Kx3Kw
<iframe width="560" height="315" src="https://www.youtube.com/embed/VJ3843Kx3Kw" frameborder="0" allowfullscreen></iframe>
http://simplepassivecashflow.com/podcast080-moving-single-family-multifamily-investing/
https://www.biggerpockets.com/blogs/7810/67070-my-story-moving-from-sfh-to-mfh?created=1
https://app.pippa.io/shows/596ee8b36b3475a168b0d8f5/episodes/59f349075633065151dca1f7
62
79#LaneHackSPC079 - #LaneHack - The Mindset to Overcome Starting SomethingChristian Knight - The Benefit of Fear to Control it
Four techniques
Loneliness/isolation is the reason we don't want to step out
1) Embrace the fear - removes complacency
2) Manage your fear - Visualize
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 entrepreneur often finds himself in where they have escaped the W2 job but created an active business for himself
10/20/2017https://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/59e4b5f8216179f613e978af
63
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 it 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.
9/27/2017https://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
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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 bullet points.
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.
9/27/2017
65
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 outsource 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
66
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
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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 it's 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
68
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
69
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 balloon, instead get a 7-10 year term
Continue to learn and make your own determination
Be conscious of your podcasts your listen to because that is the way you will go
VAs is calling Apartment Owners - Use county assessor's office the secretary 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 entity
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
70
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 underwrite 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
71
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
72
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 worst 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
73
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
74
67InterviewSPC067 - Interview - Lane Kawaoka on the Richer Soul Podcasthttps://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2
investinahp.com
75
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 lifelong 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 Biggerpockets online community and the local Kansas City Real estate association. He regularly consumes podcasts, audiobooks 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 every day. – 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
Biggerpockets 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
76
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
77
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
79
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
80
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
81
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
82
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
83
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
84
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
85
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
86
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
87
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
88
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
89
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
90
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
91
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/
92
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/
93
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/
94
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
95
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
96
45FundamentalsSPC045 - Fundamentals - Private money lending (PML)How does and does PML fit in your investing portfolio.
investinahp.com
97
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.*

Rally 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/
98
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
99
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
100
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
101
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
102
39InterviewSPC039 – Interview - Vinney ChopraGive your broker both sides of the commissionSmile
https://www.youtube.com/watch?v=50L5sCVzj1A
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