Uncommon Estate of Mind

YouTube: https://www.youtube.com/@uncommonestateofmind

info@uncommonestateofmind.com

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Instagram - https://www.instagram.com/adtheflyrealtor/

Trump’s Tariffs: Who Wins, Who Loses, and What It Means for You

Uncommon Network — Tue, 04 Mar 2025 13:10:00 -0700

Trump’s latest round of tariffs has sparked heated debate—some say they’re protecting American jobs, while others argue they’re driving up costs for everyday people. But who really benefits, and who’s left footing the bill?

In this episode, we break down the real impact of Trump’s tariffs on American citizens, businesses, and the real estate market. Are these policies strengthening the economy or making homeownership even more out of reach? We’ll explore how tariffs are affecting construction costs, housing affordability, and even job opportunities.

Whether you’re an investor, a homebuyer, or just trying to keep up with rising prices, this discussion will help you understand what’s really at stake. Tune in as we debate the winners, the losers, and what this means for your financial future!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

info@uncommonestateofmind.com

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Instagram - https://www.instagram.com/adtheflyrealtor/

The Palisades Fire and LA Real Estate: What New Investors Need to Know

Uncommon Network — Fri, 07 Feb 2025 06:00:00 -0700

The Palisades Fire is yet another reminder of California’s ongoing battle with wildfires, but will it actually change the future of Los Angeles real estate?

In this episode of Uncommon Estate of Mind, A.D. and Joey debate the long-term impact of wildfires on investing in LA.

A.D. argues that while devastating, fires won’t shake California’s real estate market in a meaningful way, while Joey takes the stance that increased fire risk will drive investors away and reshape the market.

Will rising insurance costs, stricter building regulations, and climate concerns deter buyers—or is LA real estate simply too resilient?

Tune in as we break it all down!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

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Instagram - https://www.instagram.com/adtheflyrealtor/

Goals that Get Results: Plan, Measure, and Achieve Success in 2025

Uncommon Network — Thu, 16 Jan 2025 06:00:00 -0700

As the new year kicks off, many of us are thinking about setting resolutions and tackling fresh challenges.

In this episode, we go beyond the usual goal-setting chatter to explore what it really takes to follow through and achieve success. From identifying the most measurable goals to adopting a results-driven mindset, we share practical strategies to help you make meaningful progress in 2025.

Join us for a conversation that will inspire you to think bigger, act smarter, and stay on track for your best year yet.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Cash vs. Loans: Should You Pay More Upfront or Leverage Financing?

Uncommon Network — Wed, 20 Nov 2024 06:00:00 -0700

Is it better to buy a property in full cash, put down a hefty down payment, or leverage financing with as little cash as possible?

In this episode of Uncommon Estate of Mind, we explore the benefits and trade-offs of each strategy. From reducing monthly expenses and avoiding debt to maximizing returns through leveraging, this debate highlights how different approaches to cash allocation can impact your real estate goals and overall wealth-building strategy.

Whether you’re looking for your first deal or have a few under your belt, this episode is sure to get your wheels turning and help you strategize your next move in real estate!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Why Black Men’s Votes Are Up for Grabs: The Untold Perspective

Uncommon Network — Tue, 05 Nov 2024 06:00:00 -0700

In this episode of Uncommon Estate of Mind, Joey and A.D. take a deep dive into why Black men in America are increasingly distancing themselves from both political parties.

Sparked by recent comments from Barack Obama, this conversation explores the unique frustrations, challenges, and perspectives that shape the political choices of Black men—voices that are too often overshadowed by mainstream narratives.

Through a raw and insightful discussion, they highlight what’s truly driving the political disengagement and why it’s critical to hear directly from Black men on these issues.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Real Estate Legal Strategies with Attorney Bishoy Habib

Uncommon Network — Wed, 23 Oct 2024 06:00:00 -0700

In this episode of Uncommon Estate of Mind, we sit down with real estate attorney and investor Bishoy Habib to uncover key legal strategies that can protect and propel your real estate investments.

We dive into the intricacies of land trusts and explore why beginning investors might want to consider using them for asset protection and anonymity. Bishoy also walks us through the benefits, limitations, and real-life applications of creative financing, shedding light on owner financing and other methods that have helped him close deals.

We discuss the critical steps every investor should take to safeguard their assets, compare LLCs to land trusts for legal protection, and when it’s essential to hire outside counsel. Whether you’re wondering how to choose the right attorney or avoid common legal pitfalls in real estate transactions, this episode is packed with actionable advice for investors at any level.

Tune in to learn how to balance growth with legal protection, avoid red flags in deals, and navigate the cost of legal services as you scale your real estate portfolio.

**some audio was distorted so some questions were re-recorded after the interview

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Get in touch with Bishoy here:

IG, Youtube, Ticktok: ⁠@attorneybishoy

Law Firm: https://levacylegal.com/

Brokerage: https://capstarfl.com/about-us

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Instagram - https://www.instagram.com/adtheflyrealtor/

40-Year Mortgages: Affordable Dream or Long-Term Trap?

Uncommon Network — Thu, 26 Sep 2024 06:00:00 -0700

In this episode of Uncommon Estate of Mind, we dive into the debate surrounding 40-year mortgages. Are they a game-changer for homebuyers looking to lower their monthly payments, or do the long-term costs outweigh the short-term savings?

We explore the impact of these extended mortgages on both investors and owner-occupants, examining how they affect interest costs, equity-building, and long-term financial planning.

Whether you're a first-time homebuyer, seasoned investor, or considering using a 40-year mortgage to expand your portfolio, this episode offers valuable insights to help you make informed real estate decisions.

Tune in for strategies that could shape your financial future!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

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Instagram - https://www.instagram.com/adtheflyrealtor/

https://brandonjlocascio.com/brandon

Building Success: Brandon LoCascio’s Real Estate Rise

Uncommon Network — Wed, 11 Sep 2024 06:00:00 -0700

In this episode, we sit down with Brandon LoCascio, a true entrepreneurial spirit who has been hustling since childhood. From mowing lawns and sign spinning to navigating the ups and downs of the real estate market, Brandon’s journey is filled with lessons on resilience, growth, and seizing opportunities.

After starting his real estate career at just 18, Brandon faced the Great Recession head-on, emerging as a versatile real estate professional and eventually founding Inland Development and Skymark Real Estate, and now BCGK Properties.

Join us as we explore his rise from mortgage loan officer to real estate syndicator, his passion for building, and how he’s helping others join the journey to cashflow through multi-family investments.

This episode is perfect for aspiring entrepreneurs, real estate investors, and anyone looking for inspiration to succeed in tough markets.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Brandon

https://www.bcgkproperty.com/

https://www.instagram.com/mrlocascio?igsh=MzRlODBiNWFlZA==

Connect with Uncommon

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Instagram - https://www.instagram.com/adtheflyrealtor/

Trump vs Harris: What it Means for Real Estate Investors

Uncommon Network — Thu, 01 Aug 2024 06:00:00 -0700

In this episode of "Uncommon Estate of Mind," hosts Joey and A.D. delve into the potential impacts of Donald Trump's and Kamala Harris's policies on the real estate industry.

We analyze how each leader's approach could influence property values, market trends, and investment opportunities. From tax reforms to housing regulations, we cover the key policy changes that could reshape the real estate landscape.

Whether you're just starting out or looking to expand your portfolio, this episode provides essential insights to help you navigate the evolving world of real estate under different political leaderships.

Tune in for an in-depth discussion and expert analysis that will prepare you for what's ahead in the market.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

The Shifting Short-Term Rental Market

Uncommon Network — Wed, 17 Jul 2024 06:00:00 -0700

In this episode of “Uncommon Estate of Mind,” hosts Joey and AD dive into the current state of the short-term rental (STR) market, exploring the impact of high interest rates and fluctuating occupancy levels. With insights from STR Data Labs, they discuss the significant slowdown in supply growth, the rise in average daily rates, and the recovery of the US market compared to international markets.

Joey and AD also address the tightening regulations in various cities and the expected uptick in bookings with the arrival of summer. This episode provides valuable updates and strategies to navigate the evolving STR landscape.

Tune in to stay informed and make the most of your real estate investments.

Feel inspired and looking to get your investment portfolio up and running? Contact us at info@uncommonestateofmind.com.

If you enjoy the show, please spread the word and show us some love in the ratings so we can climb those charts together. Until next time, Be Uncommon.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

Connect with Joey Garba:

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Instagram - https://www.instagram.com/adtheflyrealtor/

Cashflow vs. Appreciation: Which Strategy is Right for You?

Uncommon Network — Wed, 03 Jul 2024 06:00:00 -0700

In this episode of “Uncommon Estate of Mind,” Joey and A.D. dive into the age-old debate of cashflow versus appreciation in investing.

Are you looking for steady, monthly income or long-term value growth? We break down the pros and cons of each strategy, discuss real-life examples, and offer insights on how to balance both approaches to maximize your investment returns.

Whether you’re a seasoned investor or just starting out, this episode provides valuable tips to help you choose the best path for your financial goals.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

How the NAR Settlement Affects First-Time Buyers

Uncommon Network — Wed, 19 Jun 2024 06:00:00 -0700

In this eye-opening episode of Uncommon Estate of Mind, hosts Joey and A.D. jump into the recent National Association of Realtors (NAR) lawsuit and its groundbreaking settlement.

Join us as we unravel the implications of this landmark case and what it means for first-time homebuyers/investors. We’ll explore how changes in commission structures, transparency, and how buyer representation could shape your journey to owning your first home.

Whether you’re just starting to look or already in the market, this episode is packed with insights and tips to help you navigate the evolving real estate landscape. Don’t miss out on this essential guide to understanding the new rules of home buying in a post-settlement world.

**typo in episode standard real estate commission is 5%, not 6%

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

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Instagram - https://www.instagram.com/adtheflyrealtor/

Kendrick vs Drake: Who Really Won?

Uncommon Network — Wed, 15 May 2024 06:00:00 -0700

In the aftermath of what was the greatest Hip Hop beef of all time, Joey and A.D. take a break from talking real estate and business to take a deeper look at Kendrick vs Drake.

The guys share their thoughts on what was at work in the background that led to this legendary back and forth between two Rap Heavyweights.

Who won the duel? Are the other power players involved?

Join Joey and A.D. as they dive into a topic that touches on a personal interest of theirs.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

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Instagram - https://www.instagram.com/adtheflyrealtor/

Regulations and Crackdowns on Short Term Rentals

Uncommon Network — Wed, 01 May 2024 06:00:00 -0700

In this episode of Uncommon Estate of Mind, hosts Joey and A.D. delve into the intricacies of handling the crackdown on short-term rentals.

With a spotlight on the recent ban on cameras in rental spaces and other industry regulations, they explore the challenges operators face and share invaluable insights into navigating this evolving landscape. Tune in as they discuss effective strategies, compliance tips, and the future of the short-term rental industry amidst tightening regulations.

Additionally, Joey and A.D. candidly discuss the prospects for operators in the industry, including pivoting towards building boutique hotels from their short-term rental foundations.

Join them as they share actionable insights, strategic advice, and a vision for operators to thrive amidst regulatory shifts and industry transformations.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Deal Breakdown #1 - South LA Duplex

Uncommon Network — Wed, 17 Apr 2024 06:00:00 -0700

In this episode of Uncommon Estate of Mind, Joey and A.D. dive a little deeper into the world of real estate investing with a focus on a duplex located in South LA.

Join them as they unravel the intricacies of purchasing this property using various scenarios, particularly exploring the advantages of an owner-occupant loan. Using information from a licensed loan officer Joey and A.D. run through Down Payment and Monthly PITI (mortgage) options.

This episode is a blueprint for anyone looking to step into the realm of real estate investment, using a small multi-family as a strategic entry point.

If you’re considering real estate investing, this episode equips you with the knowledge and strategies needed to seize opportunities and take on the Real Estate world with confidence.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

BTB V. 1: Top Questions to Ask a Realtor When Buying Your First Property

Uncommon Network — Thu, 04 Apr 2024 06:00:00 -0700

Welcome to a special edition of Uncommon Estate of Mind.

This week’s episode is a Black Tee Breakdown!

Originally a segment that began on Instagram, we’ve brought the Black Tee Breakdown to the podcast!

The Black Tee Breakdown is where we’ll give you a digestible amount of information ,usually real estate focused, to allow you to dig in deeper and do more research.

Join us on Volume 1 as we share the TOP questions to ask a prospective realtor!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Financial Crossroads: Paying Debt vs. Building Assets

Uncommon Network — Wed, 20 Mar 2024 06:00:00 -0700

Join Joey and A.D. on a thought-provoking journey in this episode of "Uncommon Estate of Mind."

They tackle a fundamental question that many beginners face in their financial journey: Should you focus on paying off debts or jump into investing in assets?

With lively debates and insightful analysis, the hosts delve deep into the implications, risks, and rewards of each strategy. Whether you're striving for debt freedom or aiming to build wealth through investments, this episode promises valuable insights and actionable tips to help you make informed financial decisions.

Don't miss out on this engaging discussion that could shape your path to financial success!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Occupancy & Expenses: Short Term Rental Guide to Smart Evaluation

Uncommon Network — Wed, 06 Mar 2024 06:00:00 -0700

Dive into the world of short-term rentals with our latest episode, where we unpack the nuances of maximizing a Short Term Rental. Join us as we share invaluable tips and expert insights on what to look for in a short-term rental.

The topic of scaling a short-term portfolio was touched on. As well as options to consider as opposed to adding more units. This episode gives the audience more aspects to think about outside of the norm.

From hidden gems to strategic assessments, Joey and A.D. tap into different aspects to think about to operate a short-term rental. Tune in and elevate your short-term rental game with our exclusive tips and recommendations.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Habit Stack to a Better Life

Uncommon Network — Wed, 21 Feb 2024 06:00:00 -0700

Embark on a riveting journey within the corridors of the mind with hosts Joey and A.D. on this episode of 'Uncommon Estate of Mind.' Unveiling the secrets of Habit Stacking, they navigate this cutting edge method as it could lead to personal growth and lifestyle enhancement. Join the conversation as they share captivating stories, delve into the psychological nuances, and provide actionable tips to empower your own habit-stacking journey.

In this immersive exploration, Joey and A.D. bring their unique perspectives to the forefront, illustrating how the synergy of seemingly insignificant habits can orchestrate a symphony of positive change. Brace yourself for a rollercoaster of insights and practical advice as they demystify the art and science behind habit stacking.

Tune in to 'Uncommon Estate of Mind' for an episode that promises not only to transform your habits but to cultivate an extraordinary estate of mind. Don't just listen; participate in the evolution of your daily rituals. Joey and A.D. are your guides, making the Uncommon journey towards a remarkable life both relatable and achievable.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Foundations of Business Credit: 3 Trade Lines Every Beginner Should Start With

Uncommon Network — Wed, 07 Feb 2024 06:00:00 -0700

Welcome to another insightful episode of Uncommon Estate of Mind. In this installment, our dynamic duo explores the intricate landscape of trade lines – the backbone of your business credit profile.

Join Joey and A.D. as they guide you through the nuanced art of establishing three key trade lines that every business credit beginner should prioritize. From forging strategic relationships with vendors to navigating the maze of credit-building opportunities, this episode equips you with the knowledge to fortify your financial foundation.

Unlock the secrets of trade lines with expert insights and real-world experiences shared by Joey and A.D. Discover how these trade lines play a pivotal role in shaping your credit journey and learn actionable strategies to ensure your business credit thrives. This episode provides valuable tips and tangible steps to elevate your credit game.

Tune in to Foundations of Business Credit for an engaging conversation that transcends the complexities of business credit, offering you a roadmap to building out your profile. Don’t miss out on this empowering episode designed to help you navigate the intricate web of trade lines and pave the way for your business’s access to capital.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

Connect with Joey Garba:

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Instagram - https://www.instagram.com/adtheflyrealtor/

Trust Issues: Navigating Social Media Investment Tips

Uncommon Network — Wed, 24 Jan 2024 06:00:00 -0700

Join hosts Joey and A.D. as they dive into the intricate world of online investing strategies.

In this episode, they unravel the complexities of social media investing tips. Exploring the challenges individuals face in discerning trustworthy advice.

From conflicting ideas to diverse approaches, Joey and A.D. guide listeners through the maze of information, offering insights to help you make sense of the digital dollarscape.

Tune in for a candid conversation about navigating the confusion and finding reliable paths to financial and personal growth.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Connect with Uncommon

YouTube: https://www.youtube.com/@uncommonestateofmind

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Instagram - https://www.instagram.com/adtheflyrealtor/

Rates Will Drop in 2024! Now What?

Uncommon Network — Wed, 10 Jan 2024 06:00:00 -0700

Jump into the financial landscape with our latest episode as we explore the 2024 mortgage interest rate drops and unveil strategic insights for budding investors.

Discover how to leverage this market shift to your advantage and embark on your investment journey with confidence.

Whether you’re a first-time investor or looking to enhance your portfolio, this episode provides valuable guidance to navigate the evolving real estate landscape in 2024.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

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Instagram - https://www.instagram.com/adtheflyrealtor/

Beyond Stocks and Bonds: Hedge Fund Strategies in Residential Rentals

Uncommon Network — Wed, 13 Dec 2023 06:00:00 -0700

In this episode, Joey and A.D. dive into the captivating topic of Hedge Fund investing and real estate, unraveling the intricate strategies employed by these behemoths, with a spotlight on industry titan Blackstone.

Join as they dissect, exploring how these financial juggernauts are reshaping the landscape of residential real estate investments. From the intricacies of their tactics to the potential implications on housing markets, we navigate the maze of hedge fund influence, offering insights into the evolving dynamics between Wall Street and the roofs over our heads.

Tune in to gain a deeper understanding of the house advantage and discover the nuances that make this fusion of finance and housing a captivating and consequential narrative.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Sisters in Wealth: A Conversation with “Black Girls Buy Buildings” on Real Estate Investing

Uncommon Network — Wed, 29 Nov 2023 06:00:00 -0700

Embark on an extraordinary journey into the realm of real estate with this riveting episode featuring two trailblazing black female investors who just happen to be lifelong best friends. Brace yourself for an inside look at the captivating narrative of their start to investing. These dynamic women, rooted in a deep bond forged in childhood, seamlessly blend their unique backgrounds in marketing to conquer the real estate landscape.

In this exclusive conversation, with Black Girls Buy Buildings, you'll witness the unveiling of their triumphs and the strategic brilliance that sets them apart. From childhood dreams to adult reality, they share the untold stories behind their success, offering a glimpse into the world of wealth-building through real estate.

Join us as we explore the intersection of friendship and business acumen, where every challenge becomes an opportunity and every setback fuels the determination to break barriers.

This is not just a podcast episode; it's a front-row seat to the inspiring journey of two black queens reshaping the narrative of real estate investment. Get ready to be inspired, informed, and captivated by Black Girls Buy Buildings’ empowering tales of entrepreneurship, resilience, and the unbreakable bond that turned childhood dreams into a thriving reality.

Resources:

Black Girls Buy Buildings

Website - https://www.blackgirlsbuybuildings.com/

Instagram - https://instagram.com/blackgirlsbuybuildings?igshid=NGVhN2U2NjQ0Yg==

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

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Instagram - https://www.instagram.com/adtheflyrealtor/

How Uncommon Minds Thrive: Navigating Life, Business, and Entrepreneurship

Uncommon Network — Wed, 15 Nov 2023 06:00:00 -0700

Embark on a transformative journey with us in this episode of 'Uncommon Estate of Mind.' We delve deep into the essence of what it truly means to be Uncommon, unraveling the intricacies of a mindset that defies norms in life, relationships, business, and entrepreneurship.

Join us as we explain our views on the word, Uncommon. Uncovering the principles and philosophies that propel individuals to extraordinary success. Through insightful discussion, we illuminate the paths less traveled, offering a roadmap for those seeking to carve out their own unique legacy.

Whether you're a seasoned entrepreneur seeking fresh perspectives or someone just stepping onto the entrepreneurial stage, this episode is your guide to embracing the Uncommon path.

Discover how resilience, innovation, and a fearless mindset can propel you toward unparalleled achievements. Tune in, and let's redefine success together as we embrace the Uncommon Estate of Mind.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

How a Year-Long Freeloader Turned the Tables on an Unprepared Airbnb Host

Uncommon Network — Wed, 01 Nov 2023 12:00:00 -0700

In this compelling episode of 'Home Sweet Legal Nightmare,' we dive into the astonishing true story of an Airbnb host's worst nightmare.

Join us as we unravel the twists and turns of a disastrous situation where an unpaying guest turned the tables in court, exposing the host's legal vulnerabilities.

Discover the lessons learned and the precautions you should take to protect your property and your peace of mind when hosting on Airbnb.

Don't miss this cautionary tale that every Airbnb host should hear! Subscribe now and tune in to this eye-opening episode.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

New Fannie Mae Down Payment Requirements on 2-4 Unit Properties

Uncommon Network — Wed, 18 Oct 2023 05:00:00 -0700

Get ready for some heart-pounding real estate news! Fannie Mae has unleashed a game-changer for rookies in the housing market. It's an info filled episode as we dive into the world of conventional loans and their new down payment requirements for 2-4 unit properties.

In this informative article edition, we're here to shout it from the rooftops - Fannie Mae has opened doors for beginners! We're talking about the thrill of reduced down payments and the boundless opportunities this brings for first-time buyers/investors. Our expert hosts are here to take you on a rollercoaster ride of insights, breaking down the nitty-gritty details, and explaining how this change can turn your real estate dreams into reality.

Buckle up, because this episode is packed with excitement, expert advice, and enthusiasm to fuel your real estate journey. Whether you're a rookie ready to conquer the housing market or a seasoned pro seeking fresh strategies, this is the podcast that'll make you shout, "I'm in!"

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Velocity Banking to Turbocharge Your Financial Freedom

Uncommon Network — Wed, 04 Oct 2023 07:00:00 -0700

In this illuminating episode, we delve deep into the world of Velocity Banking, a powerful financial strategy that can transform the way you manage your money and build wealth.

Join us as we break down the key principles of Velocity Banking, demystify its core concepts, and provide real-world examples of how it can help you pay off debt faster, increase your cash flow, and achieve your financial goals.

Whether you're a seasoned investor or just starting your financial journey, this episode is packed with practical insights and actionable tips to help you take control of your finances and accelerate your path to financial freedom.

Don't miss this opportunity to learn how Velocity Banking can be your key to financial success!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Plastiq -

https://www.plastiq.com/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Goal Pursuit Unveiled: Singlehood vs. Marriage

Uncommon Network — Wed, 20 Sep 2023 03:00:00 -0700

In this thought-provoking podcast episode, we delve into a timeless debate that resonates with individuals from all walks of life: Is it better to reach your goals as a single person or while being married? Join us as we navigate the complexities of personal and professional aspirations, exploring the advantages and challenges of both solo and partnered journeys towards success.

We'll bring you insightful conversations shedding light on the unique experiences and strategies that each path offers. Whether you're navigating a thriving career, pursuing academic excellence, or chasing your dreams, Joey and A.D. will share their stories and insights to help you make informed choices about your own journey.

Tune in to gain a deeper understanding of the impact of relationship status on goal attainment, and discover valuable tips for finding balance, setting priorities, and fostering personal growth, no matter your relationship status.

Join us for an engaging and enlightening debate that will leave you with a fresh perspective on the age-old question: Single or married, which path leads to the most fulfilling and successful life?

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Short Term Rentals are Dead!!

Uncommon Network — Wed, 06 Sep 2023 12:00:00 -0700

In this episode of Uncommon Estate of Mind, we dive deep into the heart of the short-term rental industry and ask the burning question: Is it on its last legs, or is there still life left in it?

Join us as we bring together expert and skeptical opinions to debate the future of short-term rentals. From the impact of the pandemic to shifting market dynamics, we'll explore the challenges and opportunities facing this ever-evolving industry.

Get ready for a lively discussion that will leave you questioning whether short-term rentals are thriving or fading away. Tune in to find out where the industry stands and where it might be headed.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Buying Your First Multi Family pt. 4: Offers and Negotiations

Uncommon Network — Wed, 23 Aug 2023 03:00:00 -0700

In this episode, Joey and A.D. conclude the “Buying Your First Multi Family” series with Offers and Negotiations.

Whether you're a first-time homebuyer or a novice investor, the guys break down the essentials of crafting compelling offers, navigating counteroffers, and mastering negotiation strategies.

Tune in to gain the confidence and insights needed to navigate the real estate market with success and savvy.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Buying Your First Multi Family pt. 3: Property Search

Uncommon Network — Wed, 09 Aug 2023 05:00:00 -0700

Embarking on your property journey as a first-time buyer or investor?

In this episode, Joey and A.D. guide you through the crucial step of setting clear criteria for your property search. Discover how to define your preferences, prioritize essential features, and align your goals with your budget.

Join us as we share valuable insights and practical advice to ensure your property search is not only efficient but also tailored to your unique needs.

Tune in now to pave the way for a successful and targeted property acquisition!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Buying Your First Multi Family pt. 2: Securing Financing

Joey Garba & Ademola Dawodu — Wed, 26 Jul 2023 05:00:00 -0700

In this comprehensive episode, we'll delve into the world of securing financing for your entry into real estate investing. Whether you're a seasoned investor looking to expand your portfolio or a beginner eager to make your first investment, understanding the different types of financing available is crucial.

Traditional Bank Loans: We'll start by exploring the most common route - traditional bank loans. Learn about the prerequisites, such as credit score, income verification, and down payment requirements. We'll discuss the benefits and drawbacks of this conventional financing option and offer tips on how to maximize your chances of approval.

Private Lenders: Uncover the potential of private lenders and their role in real estate financing. We'll explain how private lending differs from traditional banks and the flexibility it offers in terms of negotiation and terms. Explore the benefits of working with private lenders and how to find trustworthy partners.

Hard Money Loans: For investors looking for quick and short-term financing, hard money loans can be a game-changer. We'll walk you through the ins and outs of hard money lending, including higher interest rates and shorter repayment periods. Understand the scenarios where hard money loans are the ideal choice and how to manage the associated risks.

By the end of this episode, you'll have a comprehensive understanding of the diverse financing options available to real estate investors. Armed with this knowledge, you'll be better equipped to understand how the right financing strategy that aligns with your investment goals and helps secure your path to success in the dynamic world of real estate investing. Tune in and unlock the potential of financing your real estate dreams!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Buying Your First Multi Family pt. 1: Why You Need a Realtor/Deal Finder

Joey Garba & Ademola Dawodu — Wed, 12 Jul 2023 03:00:00 -0700

In this episode, we get into the world of real estate professionals and their indispensable role in the journey of first-time homebuyers.

Join us as we uncover the purpose and significance of realtors and deal finders, shedding light on why they are an absolute necessity for those stepping into the realm of property ownership.

We explore the duties and responsibilities of these experts, unraveling the invaluable guidance they provide throughout the complex process. From navigating the market to negotiating deals and ensuring legal compliance, discover the crucial support real estate pros offer to ensure a successful and stress-free home buying experience.

Tune in to learn essential insights and gain a newfound appreciation for the expertise of realtors and deal finders.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

Passion vs Talent: The Quest for Fulfillment

Joey Garba & Ademola Dawodu — Wed, 28 Jun 2023 03:00:00 -0700

In this thought-provoking episode, Joey and A.D. delve into the age-old question of whether it is more crucial to pursue one's passion or harness inherent talents.

Join as they explore the intricate balance between following your heart's desires and capitalizing on your natural abilities. Through insightful discussion and captivating anecdotes, they navigate the complexities of this dilemma, seeking to unravel the secrets of finding true fulfillment in life.

Tune in to gain valuable insights and gain a fresh perspective on the eternal pursuit of passion and prowess.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

Connect with Joey Garba:

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

TMG Investment Real Estate - https://tmginvestments.com/

How Current Interest Rates Affect Real Estate Investing and Short Term Rentals

Joey Garba & Ademola Dawodu — Wed, 14 Jun 2023 04:30:00 -0700

In this episode, Joey and A.D. delve into the fascinating realm of real estate investing and short-term rentals, exploring the profound impact of current interest rates.

Join as they navigate the intricate relationship between interest rates and the ever-evolving world of property investment. Discover how fluctuations in interest rates can shape the opportunities and challenges faced by real estate investors/operators, providing valuable insights and strategies for maximizing returns in the dynamic markets of multifamily investing and short-term rentals.

Whether you're a seasoned investor or just starting out, this episode offers valuable knowledge and practical tips to leverage the power of interest rates in your real estate endeavors.

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Contact Uncommon

https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Personal - https://linktr.ee/adtherealtor

TMG Investment Real Estate - https://tmginvestments.com/

March Market Review AirDNA

https://www.airdna.co/blog/airdna-market-review-us-april-2023

Bureau of labor statistics

https://www.bls.gov/news.release/archives/empsit_04072023.htm

Breaking the Chains: Unraveling the Orphan Mindset

Joey Garba & Ademola Dawodu — Wed, 31 May 2023 03:00:00 -0700

In this empowering episode, we delve deep into the concept of the "Orphan Mindset" and explore how it can unknowingly hinder personal growth and success. Join us as we uncover the origins of this limiting mindset and discuss practical strategies to break free from its grip, unleashing your full potential.

We begin by unraveling the essence of the Orphan Mindset—an ingrained belief system stemming from feelings of abandonment, unworthiness, and self-doubt. Through thought-provoking insights and real-life examples, we highlight the various ways this mindset can manifest in our lives, holding us back from embracing opportunities and achieving our goals.

To help our listeners transcend this mindset, we share powerful techniques and actionable steps that foster self-awareness and pave the way to transformation. From reframing negative thoughts to cultivating self-compassion, we explore strategies to rewrite the narratives that keep us trapped in the Orphan Mindset.

Whether you've recognized the Orphan Mindset within yourself or wish to better understand its impact on others, this episode provides valuable insights and practical guidance to navigate the path towards healing and empowerment. Join us on this transformative journey as we unlock the keys to a mindset that fosters resilience, fosters growth, and propels us towards a future filled with possibility.

Contact Uncommon

https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Personal - https://linktr.ee/adtherealtor

TMG Investment Real Estate - https://tmginvestments.com/

Course vs Mentor: The Ultimate Goal-Getter Showdown

Joey Garba & Ademola Dawodu — Wed, 17 May 2023 03:00:00 -0700

In this thought-provoking episode of Uncommon Estate of Mind, we delve into a hot topic in the realm of personal and professional development: the choice between taking courses and having a mentor to achieve our goals.

Join your hosts Joey and A.D. as they engage in a compelling debate, each championing a different approach to reaching milestones and unlocking our full potential. In one corner, we have Joey, an advocate for structured learning through courses and programs. On the other side, we have A.D., a proponent of personalized guidance and real-world experience.

Together, they explore the merits and drawbacks of these two distinct paths to success, bringing their opinions and experience to the table. Throughout the episode, our hosts navigate a series of thought-provoking questions, allowing them to challenge each other's viewpoints, and engage in insightful discourse.

Listeners will gain valuable insights into the benefits of taking courses, such as acquiring specialized knowledge, building a strong foundation, and leveraging established curricula. Meanwhile, they'll also discover the advantages of having a mentor, including personalized guidance, networking opportunities, and experiential learning in a supportive relationship.

As the debate unfolds, Uncommon Estate of Mind balances the arguments, ensuring equal representation of both perspectives. Listeners will be empowered to critically evaluate their own goals, learning styles, and preferences, enabling them to make more informed decisions when it comes to their personal and professional growth.

So, whether you're a lifelong learner seeking a structured approach or someone yearning for individualized guidance, this episode promises to challenge your assumptions, expand your understanding, and equip you with the tools needed to make an informed choice between taking courses or finding a mentor on your journey towards achieving your goals.

Tune in to Uncommon Estate of Mind and join the conversation as we unravel the mysteries of personal growth, learning, and mentorship in the pursuit of success.

Contact Uncommon

https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Personal - https://linktr.ee/adtherealtor

TMG Investment Real Estate - https://tmginvestments.com/

Should You Buy Property When Interest Rates are High?

Joey Garba & Ademola Dawodu — Wed, 03 May 2023 03:00:00 -0700

The bad news is that high-interest rates are affecting the property market.

The good news is that if you can find a good deal with high-interest rates, that's going to be a great deal when the interest rates come down.

AD is explaining the intricacies of interest rates to Joey, helping us all understand how these seemingly small and insignificant percentage points do add up when you're dealing with tens of thousands of dollars.

Perhaps you too are in the same boat as Joey, looking to extend your portfolio from arbitrage and short-term rentals to make a play for a long-term ownership investment in the multi-family space.

If that's the case then Joey's cautious approach and AD's clear logic and reasoning will appeal to you and help you appreciate where the risk lies as you take that next Uncommon step.

"With high-interest rates, purchase prices for property usually tend to go down."

~ Joey Garba

"Technically I'm a real estate pro. I am a licensed realtor in California. But what I like to call myself is a deal finder of multi-family real estate."

~ AD the Fly Realtor

In This Episode:

-Understanding how and why interest rates affect property prices

-What will happen to your long-term appreciation due to high-interest rates?

-Appreciating that everybody needs somewhere to live

-What is your negotiating power when interest rates rise?

-Are you getting the right kind of property investment advice?

And more!

Resources:

Fund and Grow - https://www.fundandgrow.com/webinar-registration?ref=joeygarba&session=ondemand

Disclaimer: This Audio and description contains affiliate links, when you sign up using an affiliate link, we earn a small commission. This comes directly from the company and does not affect you in any way.

Contact Uncommon

https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Personal - https://linktr.ee/adtherealtor

TMG Investment Real Estate - https://tmginvestments.com/

Short and Long Term Rental Tips for Property Management Success

Joey Garba & Ademola Dawodu — Wed, 19 Apr 2023 03:00:00 -0700

What are the considerations you need to give as a short-term or long-term rental host?

Joey and AD are laying the groundwork here for some really important learnings as you embark on the rental business.

Who's your housekeeper and are you prepared to fire them if they're not up to the job?

Because best believe unhappy tenants will leave a poor review that will deter other potential guests!

Who's your handyman for when things go wrong, and who's your runner when you lose a set of keys?

Joey's got us dialed in on those short-term concerns, and then AD picks up the ball and looks at things from a long-term rental perspective.

How are you inspecting your property to ensure it's being looked after?

How are you revising your lease and do you know if your property is zoned for certain business activities?

There's a lot to think about before signing up as an Airbnb host and expecting the cash just to roll in.

Joey and AD make thinking these things through an audible pleasure – one that will save you time and money in the long run. Be Well Rounded – learn all you can.

"Very important, what AD said: invest in things that you know are going to create a return for you."

~ Joey Garba

"What are you in business for if you're not aware of how much you're spending and how much you're keeping in?"

~ AD the Fly Realtor

In This Episode:

-Breakdown of self-management in the short-term rental space

-Why the housekeeper is the most important member of your team

-Understanding the role of the 'runner' in your short-term rental operation

-What is an OTA?

-Getting a security system to oversee your property

-What are your methods for rent collection?

-How are you constructing your lease agreement?

-Establishing the correct medium of communication with your tenant

-Making sure you're building compliant – and having regular inspections

-Keeping accurate financial records

-Using the right marketing strategy for your long-term rental business

And more!

Contact Uncommon

https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

Instagram - https://www.instagram.com/adtheflyrealtor/

Personal - https://linktr.ee/adtherealtor

TMG Investment Real Estate - https://tmginvestments.com/

Should You Outsource Your Property Management?

Joey Garba & Ademola Dawodu — Wed, 05 Apr 2023 03:00:00 -0700

Should your first real estate investment be self-managed, or should you be hiring professional property management? AD the Fly Realtor and his boy Joey Garba are arm wrestling again, debating the pros and cons of outsourcing your first property deal to professional management.

AD gets the ball rolling, hitting home hard about time freedom and how the 8% to 12% that you end up spending on management is worth it in the long run so that you can get your hustle on elsewhere. He’s also talking about how you get to tap into those relationships that the management companies have with maintenance guys, and how you can take advantage of that.

For Joey, that money that you’re giving away is better to keep for yourself as you learn about your property by immersing yourself in everything from the lease agreement to the work that needs to be done on-site.

As usual with these guys, this is a super fun way to learn about real estate while watching two best friends battle it out with their pretend beef. As you plot what’s best for you, the advice is solid: Be Realistic!

“I highly, highly suggest that you first self-manage... Why? A couple of reasons: one, you save 8% to 12% of the cash that’s coming your way!” ~ Joey Garba

In This Episode:

- How much do management companies usually charge?

- How to take advantage of the relationship that property management companies have with suppliers

- The importance of knowing every responsibility within the business

- Do property managers do what they feel like when they take control of your property?

- How to immerse yourself in your business and get increased knowledge on your first investment

And more!

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- TMG Investment Real Estate -https://tmginvestments.com/

Understanding Your Real Estate Credit and Loan Options, Part Two

Joey Garba & Ademola Dawodu — Wed, 29 Mar 2023 03:00:00 -0700

Welcome to Part Two of Understanding Your Real Estate Credit and Loan Options. If you haven’t checked out the previous episode yet, do yourself a favor and download and listen to that episode first — and then come hit up Joey and AD here.

Credits versus loans — which is better? There’s so much to unpack in this conversation that Joey and AD don’t have time to beef. They’re just straight up running you through your options on how to get a long line of credit, fast.

They’re also asking you to Be Strategic. Can you go through your phone and find partners with money who aren’t prepared to put in as much sweat equity as you?

There are lots of ways to get the capital required to get into real estate — and then there are also lots of things to consider as you develop your relationships and build your Uncommon Estate of Mind.

“All the money you’re paying back to your credit is your money, and you can reuse it. After you repay it to yourself, you can then go ask for a line increase.” ~ Joey Garba

In This Episode:

- The scenario of an East LA duplex that costs $500K

- Getting a corporate credit card – and not having the credit reflect on your personal score

- How to build up a solid line of credit

- Understanding the difference between standard and forced appreciation

- How quickly can you get $125K in business credit?

- The drawback of using a standard FHA loan

- How to hook up an FHA 203k loan — and get $35K in repair costs

- When is a DSCR loan a good idea?

- Using online tools to get an estimate of rentals in your area

- Finding the right people to partner with you

- Developing good relationships with your bank to get bigger loans

- Understanding Joey and AD’s hybrid approach — the ‘hack’

- Why shared economics — partnering with other people — is a game changer

And more!

Resources:

Join The Free Business Funding Training Here

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- TMG Investment Real Estate -https://tmginvestments.com/

Understanding Your Real Estate Credit and Loan Options

Joey Garba & Ademola Dawodu — Wed, 22 Mar 2023 03:00:00 -0700

What is corporate credit versus business credit? What do ARM, FHA, and DSCR mean as you try to make sense of the acronyms in the real estate game and get your first property?

Joey and AD aren’t beefing in this information-packed episode of UnCommon Estate of Mind — rather, they’re fleshing out all you need to know about your credit options and what loan option is best for you as you enter the exciting world of owning real estate.

This information is golden for anyone wanting to separate their personal credit from their business credit, as well as understand how banks are going to assess your credit score.

With as little as $50K down payment, you could be on your way to owning your first property.

Are you keen to get $35K in repair costs as part of your loan too? How you do that – and more – lies inside for you on UnCommon Estate of Mind.

“As far as loans to invest in real estate, or to just buy real estate in general, there’s actually lots of loan options. A lot of people don’t realize that.” ⁓AD the Fly Realtor

In This Episode:

- How did Joey and AD first learn about credit?

- Unpacking Joey’s Three Tiers of Credit

- Personal Credit versus Business Credit – what’s best?

- Understanding the Utilization Rate

- Getting 20% more cash through your business

- What is corporate credit?

- What is an EIN number?

- Unpacking AD’s Top 3 Loan Options

- Understanding ARMs (Adjustable Rate Mortgage)

- Can you flip a property using an FHA loan?

- Factoring in $35K in repair costs with an FHA 203k loan

- Weighing up the pros and cons of a DSCR loan

And more!

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- TMG Investment Real Estate -https://tmginvestments.com/

What is Lifestyle creep?

Joey Garba & Ademola Dawodu — Wed, 15 Mar 2023 03:30:00 -0700

Joey and AD are in agreement today, talking to their younger selves – and they're presenting them with reasons to embrace delayed gratification and learn to appreciate that the reward is in the process. To understand our enemy we first have to identify it and give it a name.

Today's topic and enemy is 'lifestyle creep' and it's something we are all guilty of from time to time. Lifestyle creep happens when our standard of living improves because, say, we get a raise, and so too then does our discretionary consumption on non-essential items increase. The luxury goods that we buy become perceived as a necessity versus a want.

Are new Air Jordans a 'right to have' or a choice? What if you invested that extra $20K per month you were making instead of spending it on living large? Joey and AD are considering this, and more, in an entertaining conversation that will get you thinking about what investments you should be making – and the attitude you need to adopt as you do. Come and get it!

“It's really important to kinda have an idea of what's going on in, like, the economy, and the world you know? We can't be too closed off to just ourselves because when you are, you're not aware of the opportunities.”

-AD the Fly Realtor

In This Episode:

- Are multifamilies going to be dealing with more vacancies in 2023?

- Making a smart arbitrage pivot if the economy changes

- Understanding the meaning of 'lifestyle creep'

- What should you do with the extra cash you make instead?

- Investing in yourself and in your business in your 20s

- If you don't know what you're up against you don't know how to prepare for it

- Appreciating delayed gratification

- Why improving your credit score is a good place to start

- Why you can't make an investment and expect huge returns right away

- It's not 'get rich quick' but 'get rich for sure'

- Why everything has to do with mindset

- Perfecting your task for that day – how that progress adds up over time

- How the reward is in the process

And more!

Resources:

CBRE Article Joey mentions - Multifamily | CBRE

https://www.cbre.com/insights/books/us-real-estate-market-outlook-2023/multifamily

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- TMG Investment Real Estate -https://tmginvestments.com/

Short-Term Rental vs Long-Term Rental - Part 2

Joey Garba & Ademola Dawodu — Wed, 15 Mar 2023 03:15:00 -0700

Is short-term rental a better way to get started in real estate than multifamily investments? Joey and AD are time-traveling in this episode of "Uncommon Estate of Mind" back to that time in 2020 when y’all know what was going down (but we don’t want to say because we don’t want to upset the algorithm)!

Together they are crunching the numbers on what Joey did with $25K to get into arbitrage (short-term property rental) and comparing that with what Joey’s profit would have looked like had he gone the multifamily investment route.

Along the way, they’re arguing and debating as only two best friends can, offering up clear explanations of acronyms and sharing the loopholes they’ve found that make the system work for them. Want to know what BRRRR, HELOC, and PITI stand for? Want to know how to get a corporate lease so you can sub-let? Tune in and find out. Even though it’s no longer 2020, the lessons they’ve learned — and the knowledge they are now imparting — are more valuable than ever. Whatever investment path you choose, be open to opportunity.

“The more that short-term rentals and Airbnb gets engrained to our society, the more lenient these laws and these leasing agreements are going to continue to be”. ~ Joey Garba

In This Episode:

- The easiest path to entry as a short-term rental host

- Starting with $25K as your initial investment in December 2019

- Having your first and month’s last rent, and paying your holding deposit

- Being a personal guarantor on your business when your business rents your property

- When 2020 hits… it’s a brand new ballgame

- What is arbitrage?

- Getting a corporate lease so you can sub-let

- What is HELOC — a Home Equity Line of Credit

- The BRRRR strategy: Buy, Rehab, Rent, Refinance, Repeat

- Unpacking PITI: Principal, Insurance, Tax, Interest (the total of what makes up your mortgage payment)

- Saving money as a landlord by living in half of the duplex you own

- How the money you make should have a responsibility

And more!

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- TMG Investment Real Estate -https://tmginvestments.com/

Short-Term Rental vs Long-Term Rental - Part 1

Joey Garba & Ademola Dawodu — Wed, 15 Mar 2023 03:00:00 -0700

What is a better investment: short-term rentals or a long-term tenant? Welcome to Uncommon Estate of Mind where Joey Garba and AD The Fly Realtor debate different ways you can leverage your next investment to create time freedom, legacy impact, and generational wealth.

In this first episode they're going toe-to-toe on the hot topic that is short versus long-term rentals. There are pros and cons to both – so long as you vet your tenants carefully and don't end up with cons in the building!

What's so refreshing about Uncommon Estate of Mind is that it's not trying to sell you anything. These are just two guys (two childhood friends) sharing what they know about real estate and the lessons they have learned along the way – all so that you don't have to.

There's advice on the differences between a tenant or guest, and the merits of installing a decibel meter in your apartment. And it doesn't feel like advice because it's being discussed in such a lighthearted yet argumentative way. Please join Joey and A.D. and develop your Uncommon Estate of Mind. Be uncommon. Be curious.

"I believe that if you're doing enough upfront to make sure you know what's going on, you can inherit tenants and be okay with it." ~ @ADTheFlyRealtor

In This Episode:

- Understanding the eviction process in California

- Why short-term guests don't have tenant rights

- Using a decibel meter to keep a lid on your guests' noise levels

- Using doorbell cameras to see if there's irregular comings and goings

- Putting aside money as a landlord when rent gets paid

- Doing the appropriate background checks on your tenants

- Checking out past reviews of potential clients from other hosts

And more!

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

info@uncommonestateofmind.com

Connect with Joey Garba:

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/