The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Stories 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 s...

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 exchang...

More details: SimplePassiveCashflow.com/coaching Sign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files) https://simplepassivecashflow.activehosted.com/f/3 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 h...

Correction: Hui Deal Pipeline Club acquires $50M of 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 h...

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...

• 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", "St...

• 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...

In this episode we discuss: • Nest automates thermostats 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 thermostats • Know your avatar • At one time backsplash in kitchens was unheard of and now i...

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. He has been featured by Entrepreneur, Inc, and Forbes. Ty currently serves as the CEO at Credit where he has helped crea...

Ace 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 busin...

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,...

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 activitie...

Brad 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 co...

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...

Hey 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...

Christian Knight gives us his 4 techniques on how to control fear: 1) Embrace the fear - removes complacency 2) Manage your fear - Visualize 3) Practice it and get experience 4) Eyes on the prize 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 themselves in where t...

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...

Topics that are covered in this episode: 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...

Topics that are covered in this episode: 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 manag...

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 mainlan...

Topics that are covered in this episode: $85K Passive income with a furnished rental business and other rental investments He started a meet up 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...

Topics that are covered in this episode: 800 houses in 2006 MFH was founded in 2008 crash MFH has all the repair crews in house Focus on cash flow 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 cash flow Failures are seminars that teach us Don't flip in the high end...

Topics you will learn about in this episode: 800 houses in 2006 MFH was founded in 2008 crash MFH has all the repair crews in house Focus on cash flow 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 cash flow Failures are seminars that teach us Don't flip in the high...

Wait, 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 $1,310.00 Total $1,578.30 Haul, Disinfect & Clean$4,800.00 Total $6,378.30 (Less) Sec...

There 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...