Cash Flow Connections - Real Estate Podcast

E71 - Creating Systems To Acquire Assets From 5000 Miles Away

Some of the best strides individuals have made in their career happen during a "sink or swim" period when they are forced to take urgent actions while in a particular situation. The steps that are taken during these periods tend to create significant results. When it comes to investing, this same "sink or swim" mentality can open up many doors that you may have not thought possible. Our guest for today is a prime example of the success that can follow a crucial decision made during a pivotal point. Our guest for today is Billy Keels who was a "corporate soldier" turned international real estate investor. Billy felt like something was missing from his job and turned to entrepreneurship to help fulfill his desires. Billy currently lives in Europe but maintains his U.S. citizenship, allowing him to know the U.S. market well. He has successfully created systems that allow him to purchase properties more than 5,000 miles away while raising a family and maintaining a W2 income. Currently, his topmost goal is to build a bridge between investors and buyers in Europe with sellers in the United States. Today we are going to discuss... How to use time blocks to structure your day on your own terms for optimal efficiency How to complete cognitively demanding tasks without allowing for interruptions What processes our guest uses to effectively invest in properties without having the potential to go onsite without a lot of notice How our guest creates, vets, and leverage's his networks in order to rely on their expertise during the investment process How to use technology to facilitate these processes so that the differences between him being stateside versus overseas is significantly mitigated Learn more about our guest: Speak with Billy: bitly.com/speakwithbilly E-Book: growyourmoneythesmartway.com Website: keeponcashflow.com Subscribe in iTunes. Click here to access our investment opportunities.

E70 - How To Avoid Cognitive Biases When Making Investment Decisions

Everybody has an inner voice that either consciously, or subconsciously, affects our judgment and decision making. When it comes to investors, this internal voice can become very deep seeded in our thought processes and can become hard to identify, leading to poor decision making. This phenomenon is called cognitive bias and it affects each person to some degree. Learning how to avoid cognitive biases can allow you to make better investment decisions which lead to a more secure and favorable future. Our guest for today is Steve Settlage who is a full time passive and semi active investor. Steve has a significant amount of experience investing in real estate and related vehicles. He has been investing in a variety of asset classes since 2011 and has intimate knowledge of a broad spectrum of investment opportunities and structures as well as the market place as a whole. Today we are going to discuss... What to learn from a bad deal and a bad partnership that our guest had where he lost a significant amount of money Some of the cognitive biases that occur Economic Biases Operator and mentor biases Intelligence bias (80% of the population thinks they are above average intelligence)   Subscribe in iTunes. Click here to access our investment opportunities.

E69 - Macroeconomic Outlook From A Former IMF Consultant

Nobody can predict the future with 100% accuracy even though many may try. Since the future of the economy and housing market are not set in stone, a multitude of investors can find themselves feeling apprehensive. Changes in the economy can lead to substantial gains or devastating losses that can have a drastic impact on investors. While no one can see the future, learning about trends and speaking to other knowledgeable individuals is important to get a glimpse of what the future may hold. Our guest for today is Richard Duncan who is the author of three books on the global economic crisis, including the international bestseller, The Dollar Crisis: Causes, Consequences, Cues which forecasted the global economic crisis of 2008 with extraordinary accuracy. Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy in London, worked as a financial sector specialist in Washington D.C., and headed equity research departments in Bangkok. Richard also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now the publisher of the video-newsletter Micro Watch, which can be found on his website. Today we are going to discuss... Interest rates and why it is our guest's #1 most important metric to pay attention to The trade war with China and how that may impact the economy and housing market Japan and their 30+ year economic challenges Some of our guest's suggested cures for a lot of the challenges regarding debt, deficits, and interest rates Learn more about our guest: Website: richardduncaneconomics.com For a 50% discount on a Macro Watch subscription, use the code "CFC" Subscribe in iTunes. Click here to access our investment opportunities.

E68 - What you Need To Know About The 2018 Tax Bill

Taxes are one thing that nobody can avoid, although many people do not fully understand the tax laws in place. Recently, there have been some important updates to the tax laws due to the 2018 Trump Tax Bill. As an investor, it is crucial to understand these laws in order to reap the maximum benefits. As your investment situation becomes more complicated, it may be beneficial for you to invest in an educated tax expert who specializes in real estate investments. CPA's may give you sticker shock, but finding the right group will pay for itself many times over. Our guest for today is Sergio Salas who is a partner at Armanino LLP and has more than 15 years of experience in public accounting. He focuses on serving the real estate industry, advising clients about their real estate transactions and deals, as well as their personal taxes. Sergio is also a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. He received a bachelors degree in accounting from the University of Notre Dame and a masters degree in business taxation from the USC. Today we are going to discuss... Cost segregation, operating loss deductions, and pass-through deductions 1031 and 721 Exchange (UPREIT) which allows people to 1031 into a fund Opportunity Zones which have the potential to allow you to defer paying capital gains in any asset class until 2026 Learn more about our guest: Website: armaninollp.com Phone: 213-334-7262 Subscribe in iTunes. Click here to access our investment opportunities.

E67 - He Left Australia Six Years Ago Now He Controls $70 Million of Real Estate

Investing can be worrisome, exciting, and gratifying simultaneously, yet the fear of failure may restrain numerous individuals. With each investment comes risk, even more so if you don't have adequate resources or a secure network. Even if these challenges are present, it does not ultimately mean failure in the investment world. Our guest for today is a leading exemplar in how to overcome obstacles and become a successful investor despite having limited funds and no network to rely on. Our guest for today is Reed Goossens who moved from Australia to the US to pursue a career in structural engineering. His pursuit quickly changed when he sought financial freedom and independence from his career. With limited funds, no network, and no family to rely on, Reed bought his first triplex for $38,000 in 2012. Now, he personally controls over $70 million in multifamily assets and has been involved in the syndication of another $100 million of commercial assets. Reed is also the host of a top rated podcast called Investing In The US, where he interviews industry leaders and entrepreneurs about the benefits of investing in US real estate and businesses. Today we are going to discuss... How our guest has been able to create a team that he could rely on, even though he was starting at ground zero Some of the questions to ask real estate professionals when you are interviewing them Some of the details of an opportunity that our guest is currently underwriting The current state of the multi-family market Cap rates, where they are, and where they are going Learn more about our guest: Website: reedgoossens.com Email: info@reedgoossens.com If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Click here to access our investment opportunities.

E66 - Creating And Nurturing Relationships With People Of Influence

Behind every conversation that has occurred and that will in the future is one underlying theme, relationships. Besides having an amiable disposition, being at the right place at the right time can also lead to many relationships. Although, when neglected, your connections with others can begin to falter and eventually vanish. Taking specific actions on a regular basis can help these connections thrive, which in turn helps you professionally and personally. Our guests for today are Ryan and Jamie Smith who are two of the principals of Elevation Capital. They co-manage multiple investment funds, which specialize in investing in MHPs and participate in the ownership and/or management of over 20,000 MHP lots. Jamie is the author of a highly reviewed book on investing in MHPs and has also spoken at numerous conferences on the topic. Ryan's efficient communication skills have allowed him to be a featured commentator alongside many notable individuals such as Mayor Rudy Giuliani and General Colin Powell. Today we are going to discuss... How one of our guests was able to present to a crowd of more than 10,000 and how that experience led him to develop relationships with several noteworthy individuals How putting forth work towards being a thought leader in a niche can help create some opportunities for new relationships with influential people Actions that aren't scalable in order to maintain relationships with key individuals Learn more about our guest: Website: elevationcapitalgroup.com If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Click here to access our investment opportunities.

E65 - What To Watch Out For When Reading The Legal Documents

For most people, their least favorite part of the investment process is reading the legal documents. There are a couple of provisions in the legal documents where there can be a significant variance between what is typically done, what is investor-favorable and what is inappropriate. Individuals tend to have different perspectives as to what should be focused on in these legal documents as well as what to expect. Above all, it is critical to read these documents, especially if something goes wrong. Our guest for today is Pat Poling who is the founder and CEO of Mara Poling, which is an asset management firm that has created portfolios comprised of more than 60,000 units of commercial real estate. Pat has more than 35 years of commercial and corporate real estate development, investment, and operational experience. He also leads the Mara Poling team and has a special emphasis on investor relations. Today we are going to discuss... The outline of the different segments in the legal documents for a typical syndication investment Which provisions investors should read every single time they invest A few different capital call provision examples and where they rank in terms of being favorable for the investor Why having a significant amount of voting control as a passive investor might not always be such a good idea Learn more about our guest: Website: marapoling.com Email: pat@marapoling.com If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Download MP3 Subscribe in iTunes. Get access to CFC investments.

E64 - Why Should You Consider Using Wyoming For Your Next LLC

Every state has different laws that determine what you can and cannot do. When it comes to asset protection, knowing the differences can cause you to keep your fortune or completely lose it. Even though there are many states to choose from, many deals use Delaware LLCs due to their proficiency in asset protection. Even though it is not commonly thought of, Wyoming is our guest's state preference for asset protection. Our guest for today is Garrett Sutton who is a nationally acclaimed corporate attorney and asset protection expert. He has written a number of books guiding entrepreneurs and investors. His best sellers include Start Your Own Corporation and Loopholes For Real Estate. He is the founder of Corporate Direct and Sutton Law Center, which since 1998 has provided affordable asset protection to investors around the world.   Today we are going to discuss... What states offer the best asset protection What is a "charging order" and how does this play a role in selecting the correct entity What percentage of entities are ruled invalid by the courts How you can significantly increase your changes to maintain the corporate veil Why you should consider holding your passive investments in an LLC Learn more about our guest:  Website: corporatedirect.com Phone Number: 800-600-1760 If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Click here to access our investment opportunities.  

E63 - How FIBI Networked Their Way To Networth

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"] [et_pb_text admin_label="Text"] Today's episode is a bit different from the others, but is also very special. We are joined by several of the owners of For Investors by Investors (FIBI) to discuss more about FIBI and networking. Networking is an important factor of any experienced investor because without a solid network, you're on your own. Our guests for today are the owners of FIBI, Jeremy Roll, David Coe, Mathew Owens, and Ellis San Jose. FIBI is a non-profit real estate education organization with 19 chapters across 3 states. They host monthly meetings where the entire focus is on education rather than pitching or sales. They are also co-hosting the Intelligent Investors Real Estate conference with us that takes place in November. Today we are going to discuss... Some of the backgrounds of the FIBI owners The founding of FIBI Some of the ways FIBI has been able to help our guests What our guests are most excited about for the Intelligent Investors Real Estate conference Learn more about our guests: Dave: https://www.coerealtors.com/ Mathew: Can meet at the conference where he will be speaking. Jeremy: email - jroll@rollinvestments.com All guest information is also at: IntelligentInvestors2018.com If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Get access to CFC investments. [/et_pb_text] [/et_pb_column] [/et_pb_row] [/et_pb_section]

E62 - How To Avoid Six Figure Mistakes and Generate More Passive Cashflow

Mistakes happen, especially when you are just beginning in the investment world. The key to success is learning from them and adapting your strategies to maximize profit. Investment errors do not mean failure and do not signify defeat. Our guest is a very active real estate investor and syndicator, despite making virtually every investment mistake. Our guest for today is Buck Joffrey who is a surgeon turned serial entrepreneur, asset manager, and podcaster. He finished his surgical training in 2008 and since then he has started multiple 7 and 8 figure businesses and has amassed a substantial portfolio of investments. Buck is also a financial educator, the host of the Wealth Formula podcast, and a best selling author of the book 7 Secrets of Eternal Wealth. Today we are going to discuss... Why it is so common for conventional wisdom about the financial sector to be wrong Where smart investors should get their financial sector information from Why it is difficult for highly skilled and high paid professionals to see the big picture and play the wealth creation game optimally A unique instance of fraud and how you can avoid this entirely Some of the high dollar mastermind groups and whether or not our guest thinks they are worth it Learn more about our guest: Podcast: Wealth Formula Website: wealthformula.com Copy of 7 Secrets of Eternal Wealth: Text 44222, Enter  "WealthFormula" If you haven’t yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don’t forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Click here to access our investment opportunities.