W2 Capitalist | For BRRRR-ing, Married, Busy Parents

In today's episode, we're diving into the hot topic of grills at B&Bs and rental properties. Why don't we allow them? Well, it's a combination of safety concerns, peace of mind, and a bit of insurance. I'll share a story of melted siding from a grill and why we believe it's worth the potential missed bookings. Plus, hear about our policies for fire pits, smokers, and deep fryers, and a funny encou...

In today's episode, we'll dive deep into partnership criteria and why it matters. Join us as we explore the often overlooked topic of establishing clear guidelines before entering into business collaborations. Many rush into partnerships, but with over 13 partnerships in real estate, learn why knowing someone for at least six months and having previous deal experience are crucial criteria. Discove...

Have you ever found yourself fixing a hotel sink drain in the middle of the night? Join us as we delve into a story of DIY plumbing adventures during a hotel stay. Tune in to hear about our journey from tired traveler to impromptu handyman and reflect on what tasks give you that much-needed mental break.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay...

Ever heard folks saying the Airbnb gold rush is over? Many believed hosting was a get-rich-quick scheme requiring minimal effort, only to find out the hard way. Intrigued by the talk of an Airbnb bust, I delved into some fascinating statistics straight from Airbnb. Join us as we dive into some surprising stats about Airbnb that might change your perspective. Despite popular belief, the Airbnb gold...

Join us in this episode as we confront imposter syndrome head-on. Inspired by comedian Jimmy Carr's insights, we discuss why imposter syndrome isn't something to fear, but rather, something to embrace as a sign of growth. We explore the misconceptions around success and jealousy, emphasizing that others admire your achievements, not the path you took to get there. Whether you're navigating your sm...

Are you torn between investing in single-family or multifamily rentals? In this episode, we dive deep into the pros and cons of each investment type. Using a fun analogy inspired by my son's thoughts on Spider-Man, we explore how long-term client engagement can impact your investment strategy. Join us as we analyze real-world scenarios and share insights to help you make informed decisions in the...

Are you considering self-managing your rental properties but struggling with how to show units without it consuming all your time? In this episode, I'll walk you through our streamlined process, inspired by the W2 Capitalist community and particularly Tyler Hughes and Chattanooga. This method has been a game-changer for our remote portfolio of 20 units, especially after discovering our third-party...

Ever wondered why some real estate advice from forums or free Facebook groups sounds good in theory but falls apart in practice? Join us on this episode as we dive into the pitfalls of taking advice from inexperienced sources and how the W-2 Capitalist community sets itself apart. Recently, I came across a post in a popular REI group where a father debated installing coin-operated washers and drye...

Ever wondered why your tenants keep complaining about mold or mildew in their bathrooms? It might be because their bathroom is treated like a rainforest during a shower! Join us as we dive into Project Wire Bathroom Exhaust Fans to Light Switches. Learn how hardwiring bathroom exhaust fans to light switches can make a significant difference in maintaining a mold-free environment in your rental pro...

Ever feel like you did everything right with your offer but still got a "no"? Sometimes, it's not about what you did—it's about when you did it. In this episode, we explore the importance of timing and follow-up. Drawing from a fun personal story involving family-sized bags of Funyuns, we'll dive into why persistence and strategic follow-up can turn a rejection into an acceptance. Learn how to sto...

In this episode, I share how my perspective on using credit cards and lines of credit as CapEx and vacancy reserves has evolved over my investing career. Initially skeptical, I've come to see the value of this approach, especially when cash reserves can be better utilized. Hear about real-life examples from our mastermind calls, the importance of distinguishing financial vs. occupational vacancy,...

In this episode, we dive into my $500,000 mistake in real estate investing. My biggest mistake of all? Not listening to my wife. Join me as I recount our annual trips to Pigeon Forge, Tennessee, where we discovered a charming cabin that could have been ours for just $130,000. Learn from my experience about the importance of vision, taking risks, and the value of community support in making informe...

Who's ready to get rejected today? As I've seen this struggle in our community, we've implemented "rejection therapy" as a fun, weekly challenge to build confidence in making offers. Because financial growth can't happen without personal growth! In this episode, I explain how rejection therapy works and why it's essential. Get ready to embrace rejection as a stepping stone to success. Try rejectio...

Well, well, well, Bluey's house is up for sale! In this episode, I dive into what this fictional house sale teaches us about real estate investing. Whether it's in Australia or Timbuktu, Alabama, unfamiliar markets can present valuable lessons. I'll share the three critical questions I ask when evaluating potential long-term rental investment properties and why avoiding flood zones and understandi...

In today's episode, I'll share an eye-opening experience from my recent trip that led me to stiff a waitress for the first time in 30 years. We'll discuss the importance of providing excellent service, whether you're in the restaurant business or managing rental properties. Drawing parallels between tipping etiquette and our commitment to residents, lenders, and the community, we'll explore why ex...

We'll explore the surprising parallels between spare tires and side hustles in today's episode. Last weekend reminded me just how invaluable both can be. We've been slow traveling for years with only minor vehicle issues until a recent incident underscored the importance of having a spare tire – a reminder of why having a side hustle is equally crucial. We'll discuss the importance of being prepar...

In this episode, I share a bizarre and NSFW rental application that left me speechless. After years of using Hemlane for property management, I decided to test Facebook Marketplace for filling a vacant unit. The results were surprising, to say the least. From 81 inquiries on Facebook, only one applicant was approved, compared to Hemlane's six inquiries and three approved applications. But the real...

Ever wondered when the best time to transition your PM system is? Tune in to this episode where we break down why the 15th of the month is the ideal day for making this switch. We'll discuss how this timing ensures rent collection is complete, gives residents ample time to adapt to the new system, and prevents late payment excuses. Sharing personal experiences and practical tips, we'll guide you t...

In this episode, we dive into overcoming fears and taking actionable steps towards your real estate goals. Join us as we discuss a recent mastermind call with Jason, Brody, and myself, where we tackled the intimidating prospect of door knocking for pre-foreclosure deals. While Brody, an expert in acquisitions, thrives on this strategy, Jason and I—both introverts—struggled with the idea. Whether y...

Ever been so focused on your goals that you surprise not only others but yourself too? This week, we're diving into a hilarious and unexpected lesson from my recent slow travel adventures. As my family and I navigated the challenges of hotel living amidst noisy teams and sleepless nights, I had a moment that perfectly illustrates the power of singular focus. We'll explore how maintaining focus, ev...

Ever heard of a cow patty party? No? Well, get ready for a wild story from my hometown that'll make you rethink creativity in real estate investing. This episode, we're exploring the quirky tradition of the cow patty party and its surprising connection to finding cash-flowing deals in today's challenging market. Tune in to hear this unusual tale and learn how thinking outside the box can lead to s...

In this episode, we're tackling a question on every real estate investor's mind: "Will I ever find another deal that cash flows?" Join us as we dive deep into this topic and we'll also introduce you to our 28-Day Deal Flow Challenge, a structured plan designed to boost your deal flow. Markets may have shifted, but by dedicating time and effort to these steps in this challenge, you can still find d...

In this episode, we'll delve into the realm of the Real Estate Investor's No Man's Land. We'll explore what it means to be stuck in this desolate area of real estate investing, where motivation dwindles, stress mounts, and growth feels stagnant. Success in real estate investing isn't about matching someone else's pace; it's about finding what works for us and staying true to our goals. Tune in for...

Get ready to join the adventure with our nomadic crew as we dive into the humorous realities of frequent pit stops, highlighting our personal best of a 197-mile stretch without pausing. From Hardee's biscuit breaks to unexpected naps, discover the strategies behind our epic journey milestones and the chaos that ensues during our "pit crew pit stops." So buckle up and tune in as we navigate the hig...