Road to Family Freedom

Why Invest in Self-Storage? And Why Now?

Neil and Brittany Henderson — Fri, 28 Jan 2022 06:00:00 -0500

In the second part of our conversation with Clint Harris, we talk about how and why we are investing in self-storage. Clint is a successful active investor in short-term rentals, but he is transitioning into investing in self-storage. We talk about why he has made that shift, as well as the strengths of our partners at Nomad Capital.

In This Episode We Cover:

The Importance of Diversification into Passive Investing Assets
The Similarities of the Technologic Shifts that are Happening in Self-Storage and Short-Term Rentals
Who is Consuming Self-Storage Right Now?
The Opportunities that the Decline in Big-Box Retail Presents for Self-Storage
And much more!

Schedule a Call with Us to Talk About Self-Storage

Schedule a Call Here

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Scale Your Short-Term Rental Business with Clint Harris

Neil and Brittany Henderson — Tue, 25 Jan 2022 06:00:00 -0500

Clint Harris – a short-term rental investor and owner of Salt and Soul Property Management talks to Neil Henderson, the host of The Road to Family Freedom podcast. When we last spoke to Clint Harris in February of 2020, he owned 14 short-term rental units. In this episode, we talk to Clint about how he has scaled his portfolio to over 60 units under management. Clint has been a real estate investor for over a decade with his wife, starting with long-term single-family home investing but has since transitioned into short-term rentals, including their own house on the beach.

In This Episode We Cover:

The Top 3 Challenges a Short-Term Rental Investors Faces when Trying to Scale
The importance of working ON your business, not IN your business
Should you hire experienced short-term rental cleaners or regular cleaners and train them?
Where are the best places to invest in short-term rentals today?
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Facebook: Clint Harris
Instagram: @Clintstagram2020
Podcast: Clint’s Episode 35 Podcast with The Road to Family Freedom
Resource: AirDNA.co

Schedule a Call with Us to Talk About Self-Storage

Schedule a Call Here

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Find Commercial Industrial Deals Like a Wholesaler with Darren Smith

Neil and Brittany Henderson — Mon, 17 Jan 2022 06:00:00 -0500

After serving almost six years in the Army, Darren Smith has spent the last eighteen years as a professional real estate investor. He has flipped, rented, and wholesaled hundreds of residential properties, and in recent years has purchased several million dollars of industrial properties as long-term holds. Darren’s greatest achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is. His biggest supporters are his wife Lauren and his son Henry.

In This Episode We Cover:

What is the best way to market for commercial real estate properties to purchase?
The incredible story of how he earned a $500,000 wholesale fee on one property
Why your marketing focus should be narrow and deep, not wide and shallow
Why you should analyze every deal that you come across at the beginning of your real estate journey
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: solidgrowthproperties.com
Email: darren@solidgrowthproperties.com
Resource: moo.com
Resource: OpenLetterMarketing.com
Resource: REISift.io
Resource: BallpointMarketing.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Building Your Network Using Clubhouse with Luke Wong

Neil and Brittany Henderson — Tue, 30 Nov 2021 06:00:00 -0500

Luke Wong, the founder of 9 Mile Capital, has been around real estate most of his life as his family has always been in real estate. From owning commercial and residential properties to land development. Luke grew up in Miami and graduated from Florida State University. He moved to Houston in 2001 and worked in land acquisitions acquiring land for residential subdivisions. From 2011 to 2020, he renovated houses and owned a wholesaling operation. In the last few years, he has also been actively investing in Commercial Real Estate, such as Retail Centers and Apartment Complexes. Currently, he is focusing on operating, growing, and acquiring more self-storage facilities. He owns/co-owns about 1200 storage units.

In This Episode We Cover:

What is Clubhouse?
Luke Wong’s real estate background
His transition to commercial real estate
How he got started in self-storage investing passively
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: 9milecapital.com
Facebook: Luke Wong
Instagram: @LukeWong2000
Resource: Clubhouse

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Ditching the Grind of House Flipping for Self-Storage Success with Rob DuBroc

Neil and Brittany Henderson — Mon, 22 Nov 2021 06:00:00 -0500

Rob Dubroc is a 35-year-old real estate investor from Kansas City who went all-in on self-storage after testing the waters with house flipping, working as a realtor, and single-family rentals. After grinding those various side hustles he found his way into commercial real estate and self-storage.

In this episode, we talk to Rob about how he bought his first facility for cash and then promptly quit his W-2 job, the challenges of transitioning a poorly check and cash facility into auto payments, the best investment he’s made to help his storage business run more smoothly, and the unique way he encourages stubborn sellers into giving him access to their financials.

In This Episode We Cover:

How he bought his first self-storage facility for cash and then promptly quit his W-2 job
How to transition a poorly run check and cash storage facility into a well-run auto payment facility
The best investment to help run your self-storage facility more smoothly
How to encourage stubborn self-storage owners to give them access to their financials
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Rising Tide Investments
Facebook: Rob DuBroc
Instagram: @robdubroc
Resource: Call Rail
Resource: Mike Wagner’s Storage Rebellion

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Analyze a Market for Self-Storage with Katherine D’Agostino

Neil and Brittany Henderson — Mon, 15 Nov 2021 06:00:00 -0500

Katherine D’Agostino is the founder and sensei of Self-Storage Ninjas. After selling a previous business, Katherine jumped into the storage business building three facilities from the ground up in three years. She also runs a feasibility-analysis firm focused on delivering unbiased reports to self-storage investors that result in facilities with high occupancy and the highest possible returns.

In this episode, we talk to Katherine about how she got into the self-storage business, how to pick a self-storage market to invest in, her unique plan to scale by building facilities from the ground up, and why she thinks boat and RV storage is a good business.

In This Episode We Cover:

How Katherine D’Agostino got into the self-storage business
How to pick a self-storage market to invest in
Her unique plan to scale by building facilities from the ground up
Why boat and RV storage is a good business
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Self-Storage Ninjas
Facebook: Self-Storage Ninjas
Resource: Free Initial Consultation with Self-Storage Ninjas
Resource: ISS Self-Storage World Expo
Resource: Trachte Free Seminars
Resource: Radius+

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Commercial Lending Tips for Self-Storage with Mandy Monson

Neil and Brittany Henderson — Tue, 09 Nov 2021 06:00:00 -0500

In this episode we talk to Mandy Monson about her background in finance, how she found herself in the self-storage business, what a self-storage borrower should do to ensure a successful loan application, the 5 C’s of credit, and the big one you should pay attention as a self-storage owner.

Mandy Monson is the VP of Finance for Resort Lifestyle Communities, which manages a portfolio of senior independent living communities, but she’s also co-founder of Stor365 with previous guest Victor Diaz and today she’s here to talk to us about commercial lending on self-storage. Mandy is a finance professional and real estate developer that also works with other women to help them crush their limiting beliefs and fear of failure so that they determine their own destiny in the realm of career and money. She has spent a career in finance with everything from managed money portfolios, to commercial loan underwriting during the Great Recession, to today where she consults with potential borrowers on how to structure loans for the acquisition of self-storage and senior housing.

In This Episode We Cover:

How to ensure a successful loan application on a self-storage deal
Some things that will surely sink a self-storage loan application
Common mistakes self-storage investors make in their underwriting
Examples of when a self-storage deal has gone bad
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: MandyMonson.com
Resource: Book Your Free 30 Minute Call with Mandy Monson
Twitter: @4mandy_monson
Facebook: 4theGirlsClub
Facebook: Mandy Monson

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

We are MOVING!

Neil and Brittany Henderson — Tue, 12 Oct 2021 09:00:00 -0500

In this episode, Neil & Brittany discuss their upcoming move to North Carolina to pursue self-storage full time and live in a house hack across the street from the beach.

In This Episode We Cover:

We bought a house across the street from the beach with the intention of doing a house hack “someday maybe” - We will go into more detail on the house in a later episode.
What led us to decide to make the move now?
First, we call this podcast The Road to Family Freedom. Our goal is financial and location independence. We aren’t there yet. But we have achieved a level of independence with our investments that allow us to take this leap, which is a risk, to try an experiment in working for ourselves...while living at the beach.
Several things conspired to lead us to this decision:
The death of my father in March of 2020. A best friend worked alongside him for 18 years. I realized that so much of my joy of going to work every day came from the experience of getting to be with my dad on a daily basis. Making up for lost time from when he was in the Air Force. I found I missed being able to walk down the hall and tell him something cool I’d just read, or how much fun it was to whine to him about the challenges of being a father, or just getting to go to lunch with him nearly every day. Suddenly going to work every day became a sad reminder of what was no longer there.
COVID. Like many people, the pandemic has made us do a lot of soul searching about what’s important in life. As we prepared for my father’s long-delayed memorial, I was putting together a slideshow of his life. I kept coming back to these pictures of us from a time when we lived near the ocean. My mom and dad both describe those days in Florida as some of the happiest times of their life. Their kids were young, the work was easy, they were surrounded by other families, many of whom became lifelong friends, we lived near the water. I've always had a dream of living near the water, and I'd like to do it while our son is still young.
We love house hacking, and we have a lot of experience house hacking with a short-term rental. Right as COVID hit in March of 2020, the short-term rental regulations in Las Vegas finally caught up with us after 6 years. We got shut down. That, combined with concerns over what COVID was going to do to the Las Vegas housing market, caused us to sell our house that we had owned since 2013. We ended up with a healthy chunk of cash from the equity we had accrued. So, we bought a house across the street from the beach with the intention of house hacking it eventually way down the road. Obviously, things changed.
My work, since 2003, has been indirectly in support of the war effort in Iraq, Afghanistan, and the Global War on Terror. When the war in Afghanistan came to an end, it felt like the end of a chapter for me.
So we sat down, did the math, and discovered we could financially take this risk. We aren't financially free. We don't have the income to sit on the beach all day drinking Pina Coladas. I prefer margaritas or Moscow Mules. But we've got savings and income streams to give us some time to work towards our next chapter.

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Lessons for New Storage Owners from an Experienced Manager with Victor Diaz

Neil and Brittany Henderson — Mon, 31 May 2021 06:00:00 -0500

In this episode, we talk to Victor Diaz about how he got his start in self-storage, the mistakes he sees many new self-storage owners making, how to stand out from the crowd when marketing to potential sellers, and the changes he’s seen in the storage industry since he got into it.

Victor Diaz is the co-founder of Stor365.com, a new consulting firm that specializes in helping self-storage owners operate their small storage portfolios the way a large REIT would. Victor’s entire adult life has been spent in the self-storage business where he was general manager and then an area field manager for U-Haul. He now oversees 8 facilities and over 670,000 square feet of storage for a private firm in Ohio.

In This Episode We Cover:

Ways a self-storage owner can incentivize their on-site manager to achieve better performance
Emerging trends in the self-storage industry
The biggest mistakes new self-storage investors make
Why you should not rely solely on the self-storage supply index when evaluating a self-storage facility for purchase
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Stor365.com
Email: victor@stor365.com
Phone: 330-591-5958

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Passive Real Estate Investing Strategies with Alka Kumar

Neil and Brittany Henderson — Sun, 23 May 2021 09:00:00 -0500

In this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications.

Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications.

In This Episode We Cover:

Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investing
Why she chose to purchase a rental property in a coastal community with cash
How she went about scaling her real estate portfolio after that first single-family rental
Why she transitioned out of buying single-family rentals
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: YourWealthMD.com
Book: The Millionaire Real Estate Investor by Gary Keller
Book: The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

40,000 Square Foot Self-Storage Deal as First Facility with Christian Mercado

Neil and Brittany Henderson — Mon, 17 May 2021 06:00:00 -0500

In this episode, we talk to Christian Mercado about how he purchased his first piece of real estate using a VA loan, how a light bulb went off after he started renting one of his rooms out, how he purchased his first self-storage for zero money down, and the key to negotiating with self-storage owners.

Christian Mercado is a full-time real estate investor and Army Captain. He got his start in real estate in 2017 with the purchase of his first house utilizing a VA loan. 6 months later, he rented a room out and discovered the power of house hacking. After a year, he purchased another home to live in using his VA loan and rented out the first, and he was off to the races. Since that time he has flipped at least 8 houses, opened up several short-term rentals, and purchased a self-storage facility.

In This Episode We Cover:

How he bought his first property using a VA loan
The red flags that led him to walk away from his first self-storage deal
How he found his first self-storage deal
How he negotiated with the seller to purchase for zero down with seller financing
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: The Sentry Storage
Instagram: @ChristianDoesRealEstate
Podcast: Middle Class to Millionaires
Resource: Storage Rebellion
Book: Rich Dad, Poor Dad by Robert Kiyosaki

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Building Multiple Streams of Income using Passive Real Estate Investments with Jeff Anzalone

Neil and Brittany Henderson — Mon, 10 May 2021 09:00:00 -0500

In this episode, we talk about two key setbacks that shifted Jeff Anzalone’s mindset towards building multiple streams of passive income, why he doesn’t invest in single-family rentals, the lessons learned from losing his first $50,000 he invested in a syndication, and the great question he uses to find other potential groups to invest with.

Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com. He focuses on teaching doctors and other high-income professionals to create passive income from real estate so that they can STOP trading their time for money.

In This Episode We Cover:

How school may give you the knowledge to practice your profession but not prepare you for actually practicing it
How a skiing accident helped him realize how precarious his economic future was even with a high-paying, safe, secure job
Why 90% of all millionaires have real estate in their investment portfolios
Why high-income earners should focus on their core money-making ventures and leave the active real estate investing to others
Why he doesn’t invest in single-family rentals
The lessons learned from losing the first $50,000 he invested in an apartment syndication
Why he doesn’t like investing in syndications through crowdfunding platforms
What led him to choose apartment syndications over other asset classes
How he would go about educating himself on apartment syndications if he were starting over
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Dr Debt Free
Resource: Free Doctor’s Passive Income Guide
Email: jeff@debtfreedr.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Shifting from Multifamily to Self-Storage Investments with Powell Chee

Neil and Brittany Henderson — Mon, 03 May 2021 06:00:00 -0500

In this episode, we talk to Powell Chee about his start in real estate and why quickly he shifted into multi-tenant assets, the three main roles of a real estate syndication team, a key difference between residential and commercial lending that challenges many investors making the switch, and how to build relationships with commercial real estate brokers that last.

Powell Chee is a Los Angeles-based real estate investor who does all his investing out of state. After buying his first investment property in 2015, a single-family home in Kansas City, he came to the realization that one door at a time was not going to get him to his goals. Since 2017, Powell has partnered on 7 multifamily properties totaling over 1000 units. As Covid-19 affected the US in 2020, Powell shifted gears from multifamily and expanded his investments into self-storage. He closed his first self-storage property in January of 2021 and is operating it remotely.

In This Episode We Cover:

How he got started investing in single-family rentals but quickly shifted into multifamily investing
How he scaled from those early self-funded apartment communities into larger assets with groups of passive investors
Why he shifted from investing in multifamily into self-storage investments
Some tips on forming real estate partnerships
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: www.multifamilymasters.com
Email: powell@multifamilymasters.com
Facebook: https://www.facebook.com/powellbiz
Twitter: @PowellChee

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From Rentals and Flipping to Raw Land Success with Landon and Teria Harris

Neil and Brittany Henderson — Mon, 26 Apr 2021 06:00:00 -0500

Landon and Teria Harris started out rehabbing single-family homes. After a few successful projects, they realized it was not the direction they wanted. The amount of time, work, and capital was more than they wanted to manage. Their love of real estate led them to other investing opportunities. After hearing a podcast on vacant land sales, they immediately knew land investing was the right direction for them!

Their land business began in 2019 where they immediately set up structure, processes, and tools to build their land business. Within a few short months, their business soared! They were able to build a successful land business and replace Landon’s full-time job in the first year.

In this episode, we talk to Landon and Teria about the challenges of rental property investing as well as house flipping, how that experience led them to invest in raw land, how they purchased 10 parcels for just $14,000 on their first deal, and the systems and processes they’ve set up to make their raw land business run as passively as possible.

In This Episode We Cover:

How Landon and Teria Harris got into real estate investing
How their experience with house flipping and single-family rentals led them to shift to raw land investing
How much it cost them to buy their first raw land deal
How much it costs to market for raw land
And much more!

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Website: CreeksideDevelopments.com
Facebook: Creekside Developments
Resource:: The Land Geek
Resource: Loom
Resource: AirTable
Resource: Trello

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Adventures in Real Estate Investing from a Mortgage Broker with Matt Gouge

Neil and Brittany Henderson — Mon, 19 Apr 2021 06:00:00 -0500

Matt Gouge, aka Matt the Mortgage Guy, got his start in lending back in 2013. As a self-proclaimed math nerd and a people person, he burned his proverbial ships, leaving a steady paycheck with the State of California, for the commission-based world of brokering residential mortgages. He has excelled in the field because he himself is a real estate investor and he can advise clients at a high level. As a real estate investor himself, he is able to help clients not only analyze the mortgage on their primary residence but on potential investment properties as well.

In this episode, we talk to Matt about his journey from state employee to a commission-based mortgage broker, the power of taking the leap into the unknown from an unfulfilling job, the tale of buying his first property before the Great Recession that is still a rental, and his misadventures investing long-distance.

What You'll Learn in This Episode

How Matt Gouge left a secure state job with a pension for a commission only job as a mortgage broker
How lack of job satisfaction should be an indicator that something needs to change
How to analyze the risk when planning to make a big decision
How Matt Gouge bought his first investment property
When buying a property to live in, you should keep in mind how well it will work as a rental when you move out
How has he expanded his investment property portfolio
How he got burned investing long distance and the mistakes he made
Why you should always have an extra property manager ready to take over your rental properties
Why you should NOT diversify your single-family rental portfolio across multiple cities
Why you SHOULD diversify your real estate investments into syndications like apartments, self-storage, and mobile home parks
How much time does take to manage a rental property portfolio
How owning four or more rental units lowers your risk
Where to learn how to buy investment properties
Why you should buy real estate when everyone is afraid of buying real estate
How to avoid paralysis by analysis
How losing money on a deal can be a better education than a paid mentorship

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Matt the Mortgage Guy
YouTube: Matt the Mortgage Guy
Twitter: @MortgageMattCA
Phone: (916) 529-7600

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From $165K in Debt to Five Single-Family Rentals with Mindy Templeton

Neil and Brittany Henderson — Mon, 12 Apr 2021 08:00:00 -0500

Mindy Templeton is a Kansas City-based real estate investor who was, at one time, $165,000 in debt. A mindset shift a few years ago led her and her husband to aggressively pay down that debt and start buying single-family rentals in the Kansas City area.

She and her husband have full-time jobs and are parents to two young children. She started Investinginyourwealth.com about two years ago as a way to track her journey to paying off that $165k of debt, and now that they are debt-free, she is working on building wealth through diversification. She is a firm believer in having multiple strategies for investing, so real estate is not her only strategy, but definitely her primary focus.

In this episode, we talk to Mindy about the mindset shift she went through that led them to adjust their spending habits, the creative way she acquired the funds for the downpayment on their first rental property, and why she doesn’t want to build a huge portfolio of rental properties.

What You'll Learn in This Episode

How Mindy Templeton and her husband dug themselves out of $165,000 in student loan and consumer debt
The two mindset shifts that allowed her to pay down debt
The generational divide when it comes to finances and retirement
How they leveraged a loan from their 401k and a relative's HELOC to purchase their first investment property
The difficulties of competing with cash buyers in this market
Why real estate is the perfect vehicle for frustrated entrepreneurs
Why Mindy is focused on building a small portfolio instead of a huge one
Why it's important to know what you want your life to look like as an investor
Why she prefers to invest in her local market
Why she prefers to have professional property management take care of her properties

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @LikeMindedInvestors
Website: Investing In Your Wealth
Book: Your Money or Your Life by Vicki Robin

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Earn $100k in 3 Months with Sara Witz and Anthony Gair

Neil and Brittany Henderson — Mon, 05 Apr 2021 06:00:00 -0500

Sara Witz and Anthony Gair are a soon-to-be husband and wife real estate investing team focused on wholesaling, flipping, and the BRRRR strategy. Two oil and gas employees from Houston, Texas who decided to take advantage of the extra time they had after their wedding was delayed by the Covid pandemic. They started investing less than 12 months ago and already have 13 deals under their belt. At the beginning of 2021, they set a goal for themselves of earning $100,000 in three months from real estate, and as of this recording, they are just $15,000 away from that goal.

In this episode, we talk to Anthony and Sara about how they got into their first BRRRR property for less than $10,000, the multiple exit strategies that they use to make use of nearly every deal they come across, why they now have a rule against doing any rehabs after dark, and the key expense many people forget about when buying a property to wholesale, flip or BRRRR.

What You'll Learn in This Episode

How Anthony Gair and Sara Witz got into real estate investing
How working from home during the pandemic accelerated their investing journey
How they bought their first rental property using almost none of their own money
Why not do the rehab on the rental property themselves
How they were able to do 13 deals in less than one year
How they are finding their deals
The challenges of finding deals during the pandemic
How getting their July 2020 wedding canceled help their real estate investing journey
The one thing they would throw money at to improve their real estate investing business
How they are using door knocking to build rapport with sellers and find deals
Why they no longer do renovations in the dark
What's the most important thing to know when analyzing a potential BRRRR deal

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @Gair.RealEstate
Resource: Deal Machine

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Using the BRRRR Method to Scale to 35 Short-Term Rental Units with Shane & Rachel Sigsbee

Neil and Brittany Henderson — Mon, 29 Mar 2021 09:00:00 -0500

Shane Sigsbee – Short Term Rental Investor and CEO or Sigsbee Homes talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Shane graduated from Notre Dame in 2007 with a degree in finance. He became a derivatives trader right out of school but lost his job in the financial crisis in 2009. He then left to pursue a career in gambling, starting the venture Imawhale Staking in 2010, which he still runs to this day. In 2017 he began investing in real estate in southern Alabama, focusing on the BRRRR method using short-term rentals. He’s currently sitting on 35 doors with a goal of reaching 100 doors.

In this episode, we talk to Shane and Rachael about beginning their journey to real estate investing in 2017, how they scaled their portfolio from 1 to 35 doors, why they have converted most of their properties to short-term rentals, and tips and tricks on rehabbing and furnishing a short-term rental.

What You'll Learn in This Episode

How Shane Sigsbee went from unemployed finance guy to professional gambler during the Great Recession
How he started a business being the financial backer for professional poker players
How he bought his first long-term rental property in Southern Alabama
Using the BRRRR strategy to scale from 1 to 35 doors
How to negotiate good terms on a seller finance deal
How they are finding short term rental deals
How they discovered the extraordinary cash flow of short-term rentals over long-term rentals
A short-term rental doesn't necessarily have to be in a vacation market
How to manage a short-term rental long distance
Tips on automating 80% of your Airbnb guest communication
Tips on furnishing a short-term rental
Tips on making your Airbnb guest experience stand out from the competition
How much does it cost to furnish a short-term rental?
What amenities and property characteristics give you the best ROI (Return on Investment) with short-term rentals?

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: I’m A Whale Staking Group
Instagram: @shanesigsbee
Twitter: @ssigsbee
Facebook: Shane Sigsbee

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

The Keys to Successful SBA Lending on Self-Storage with Moe Kruger

Neil and Brittany Henderson — Mon, 22 Mar 2021 06:00:00 -0500

Moe Kruger – Senior Loan Officer at Live Oak Bank talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Moe Kruger is a 30-year banking veteran that specializes in storage financing for small business owners. Over his 30 years in banking, Moe has been a branch manager, bank business development officer, residential mortgage specialist, private banking manager, commercial relationship manager before settling in and focusing on helping small business owners. He has a great love for entrepreneurs and has spent the past 16 years financing business acquisitions, real estate acquisitions, and construction lending utilizing the Small Business Administration programs. He has closed close to a billion dollars in loans over his banking career including $250 million in storage loans. Moe joined Live Oak Bank in 2015 as a senior loan officer for the self-storage vertical. At Live Oak Bank, he is focused on loans that include construction deals, acquisitions, conversions, and mobile storage deals.

In this episode, we talk to Moe about how he got into self-storage lending, the keys to successfully getting an SBA loan for self-storage, the difference between SBA versus traditional commercial loans, and the common gotchas you should avoid.

What You'll Learn from This Episode

How Moe Kruger became a senior loan officer at Live Oak Bank
How Live Oak Bank became the leading SBA Lender by dollar volume in the United States, especially for self-storage
How to ensure a smooth SBA loan process when applying for financing on a self-storage facility
Tips for successfully applying for SBA lending on self-storage
Why you should look at lenders as a partner in your self-storage business
Key things that will cause your SBA loan application to be denied
SBA loans - What's the difference between a 7a and 504?
What are the differences between SBA loans and traditional commercial lending?
Can you bring in investors on a deal with SBA lending?
Instances when a storage deal has gone bad and how having an experienced self-storage partner can save you
Key questions to ask any potential SBA lender before using them to fund a self-storage deal
Tips and considerations for new self-storage investors on how to successfully get an SBA loan

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: LiveOakBank.com
Email: moe.kruger@liveoak.bank
Phone: (910) 550-2907

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Consistent Passive Cash Flow using Triple Net Lease Industrial with Neil Wahlgren

Neil and Brittany Henderson — Mon, 15 Mar 2021 06:00:00 -0500

Neil Wahlgren – Chief Operations Officer at MAG Capital Partners, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. MAG Capital Partners is a private equity firm that specializes in sale-leaseback and industrial real estate investments. Neil brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital, Neil led a Bay Area real estate investment firm, raising capital for over $200M in projects. He came to real estate investing following a career in military aviation as a C-130 pilot in both the Air Force and Navy, logging over 2500 flight hours with combat tours to both Iraq and Afghanistan.

In this episode, we talk to Neil about the details of investing in single tenant net lease industrial properties, the keys to building trust with potential private equity investors, the unique benefits to investing in a net lease industrial, and the key lessons from his military background that helped him to be successful raising private equity.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: MAG Capital Partners
Email: neil@magcp.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Escape the Rat Race by Investing in Raw Land with Mark Podolsky

Neil and Brittany Henderson — Mon, 08 Mar 2021 06:00:00 -0500

Mark Podolsky – aka The Land Geek, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Armed with only $3,000, Mark bought his first few parcels of raw land in 2001. Today Mark is the author of Dirt Rich, the ultimate guide to helping you build a passive income, and owner of successful and investing company Frontier Properties.

Prior to his land investing success, Mark felt trapped in a high-stress, corporate job. Escaping the rat race changed Mark’s life in so many positive ways that he decided to teach, coach, and mentor others to help them achieve their financial goals.

In this episode, we talk to Mark about how he first got into raw land investing, the dead-simple way he seeks out raw land to buy, the extraordinary systems he sets up to automate 95% of his business, and the ways he designs his week to maximize productivity and happiness.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: The Land Geek
Website: Frontier Properties USA
Resource: AirTable
Resource: Follow Up Boss
Resource: Landmodo
Resource: What Three Words

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

SEO for Real Estate Investors with Kris Reid

Neil and Brittany Henderson — Mon, 01 Mar 2021 06:00:00 -0500

Kris Reid – founder of Ardor SEO talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Kris is known online as the coolest guy in Search Engine Optimization. Now, you might be asking why a podcast about real estate investing is hosting an expert in SEO. Well, that’s because at the end of the day, real estate is a customer-driven business, and at some point, you will want to put yourself in front of more customers. Whether they be rental tenants, self-storage tenants, investors, buyers, sellers, prospective employees, etc. And the demand-driven content from a search engine is one of the best ways to do that.

In this episode, we talk to Kris about the basics of SEO, some tips on creating an SEO-friendly website, how backlinking pages help Google see your website as more reputable, and why you should NOT try to become an expert in SEO.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: ArdorSEO.com
Free Guide: How to Get More Customers to Grow Your Business
Book: Clockwork by Mike Michalowicz
Book: Free to Focus: A Total Productivity System to Achieve More by Doing Less by Michael Hyatt
Book: Who Not How by Dan Sullivan and Benjamin Dr. Hardy

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Putting Landlording on Easy Mode with Casey Franchini

Neil and Brittany Henderson — Mon, 22 Feb 2021 09:00:00 -0500

Casey Franchini – Single-Family Rental investor, and founder of Brick By Brick Wealth talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Casey is a real estate investor and mom of 3 young children who earns a passive second income from investing in single-family rental properties. She also teaches aspiring real estate investors that they, too, can live a better life with passive income from rentals and it starts with getting the first one.

In this episode, we talk to Casey about how she first got started in real estate as a residential real estate agent, how fear of the unknown kept her and her husband from investing in the beginning, the unique side hustle she started as a stay at home mom to save up for the down payment on their first rental property, and the key to making managing single-family rentals easy.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Brick by Brick Wealth
Twitter: @BrickByBrWealth
Facebook: Brick by Brick Wealth
Instagram: @BrickbyBrickWealth
Resource: Free 7-Day Mini Course: "Retiring your 9-5 with Rental Properties"

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From House Hacking to 10 Units with Becky Nova

Neil and Brittany Henderson — Mon, 15 Feb 2021 06:00:00 -0500

Becky Nova – multifamily investor and founder of Lady-Landlords.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Becky began investing in real estate in 2018, when she and her husband, Emilio, purchased their first duplex in Yonkers, NY. Just a year later, she bought a four-family in the same neighborhood as well as a condo in the Dominican Republic, her husband’s native country. Now, she has acquired 10 doors in a competitive high cost of living area in two years.

She has grown a love for working with first-time investors and runs a popular Facebook group called Lady Landlords to empower women to become knowledgeable and confident in Real Estate Investing. Becky has created digital courses, worksheets, live events, and a YouTube channel to aid her followers on their journey.

In this episode, we talk to Becky about buying her first house hack, a duplex in Yonkers, NY, and how that lit the fire of interest in real estate investing. We also talk about buying two properties in the Dominican Republic, and the systems she puts in place to put landlording on autopilot.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Lady Landlords
Facebook: Lady Landlords Community
Instagram: @BeckyNova24
Resource: Neighborly
Resource: Google Forms - Good for pre-screening prospective tenants

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Getting Started with Passive Wealth Strategies with Taylor Loht

Neil and Brittany Henderson — Mon, 08 Feb 2021 06:00:00 -0500

Taylor Loht – Real Estate Investor, Founder of NT Capital, and host of the Passive Wealth Strategies podcast talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Taylor is on a mission to teach Busy Professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He highlights and distills the knowledge, experiences, and lessons of expert real estate investors through his podcast, YouTube Channel, and email newsletter Passive Wealth Strategies for Busy Professionals.

His goal is to help his listeners and investors build lives of abundance. He believes that building passive streams of income is the best path to wealth generation, not the typical, boring, “Don’t have that $4 latte you enjoy twice a week.” Enjoy your latte and buy some property!

He has partnered in over $50 million in Multifamily and Self Storage investments, as both a General Partner with his company NT Capital LLC, and Passive Investor through tax-advantaged retirement accounts. He invests remotely and never deals directly with tenants.

Taylor lives in Richmond, Virginia, where he started and runs the monthly Richmond Multifamily Investors Meetup, trains Brazilian Jiu-Jitsu, and actively contributes to BiggerPockets.

In this episode, we talk to Taylor about how he invested in his first passive syndication using his self-directed IRA, the good and the bad of investing from a self-directed retirement account, how investing passively led him to then become a general partner on a couple of apartment deals, and why he is focused on introducing real estate investing to the FIRE movement.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Passive Wealth Strategy
Facebook: Taylor Loht
YouTube: Passive Wealth Strategy
Instagram: @passive_wealth_strategies
Book: Rich Dad, Poor Dad by Robert Kiyosaki

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Self-Storage, Industrial Warehouses, and Your Circle of Competence with Michael Rogers

Neil and Brittany Henderson — Mon, 01 Feb 2021 06:00:00 -0500

Michael Rogers – Real Estate Investor and Owner of Chandler Properties, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. After working for 15 years in the Corporate Accounting world Michael transitioned to full-time real estate investing in 2017. When he was still working his full-time corporate job he was also purchasing, remodeling, and managing rental properties as a side job. He currently self-manages a portfolio of 350 storage units, several residential rental properties, and is developing a Third Party Logistics industrial warehouse complex.

In this episode, we talk to Michael about how he bought his first 55-unit self-storage facility, how he turned around a facility that had just 25% economic occupancy, the power of building relationships with local banks, and why he uses the wisdom of Warren Buffet in his real estate investing strategy.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Chandler Property
Facebook: Chandler Properties
Resource: Easy Storage Solutions
Book: The Intelligent Investor by Benjamin Graham

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From 3 Single Family Homes to 1000 Multifamily Units with Justin Fraser

Neil and Brittany Henderson — Mon, 25 Jan 2021 06:00:00 -0500

Justin Fraser – Multifamily Asset Manager and Host of the True Multifamily Show, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Justin is an apartment syndicator, asset manager, and real estate investor, responsible for managing multiple apartments across the country.

A real estate investor since 2014 when he bought a single-family home as a rental property. For years Justin flipped houses and owned single-family rentals until May of 2018 when he formed 88 Real Estate Capital and closed on his first apartment syndication, raising over $600k for the deal.

By September 2018, Justin exited his corporate job as a Project Manager and jumped full time into real estate investing. He found some excellent partners and is an active member of 6 apartment complexes holding over 1000 units. Justin built an asset management business, responsible for running the business of these apartment complexes.

He is also the host of True Multifamily, a podcast about the business of apartment investing, showcasing the real work that happens after a deal closes. His goal is to share insights, tips, tricks, and best practices through storytelling by real asset managers and owners.

In this episode, we talk to Justin about the partners he had to bring on in order to close on his first large multifamily deal, the details of what’s involved with being an asset manager, why he likes it when a tenant skips out on rent, the key to gaining knowledge in almost every real estate strategy.

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Podcast: True Multifamily Show
Twitter: @JustinFraser
Facebook: True Multifamily
Instagram: @TrueMultifamily

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From House Hacking to Full-Time Passive Investor with Tamar Hermes

Neil and Brittany Henderson — Mon, 18 Jan 2021 06:00:00 -0500

Tamar Hermes – CEO of Wealth Warrior Woman, Full-time Real Estate Investor, educator, and money coach, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Tamar guides women to become financially free through Real Estate Investing and creating an empowering relationship to money. Tamar grew up poor as the child of a Holocaust survivor and had no idea how people got rich. By chance, she stumbled upon Real Estate investing and became obsessed with the world of finance.

Today, she coaches clients across the country and is a fanatic about investing. Tamar’s desire is to support women to be free to choose how they spend their life and have the means to afford whatever they desire for themselves, their families, and others. She believes Real Estate Investing is the best way to grow wealth. She recently relocated from Los Angeles to Austin where she is enjoying the small city life and no state taxes!

In this episode, we talk to Tamar about how she got started with the purchase of a duplex in Los Angeles. We talk to her about her transition from active investor to a passive investor using various syndications, how she teaches her kids about money, and the daily rituals that keep her focused and productive throughout the day.

Post-Interview Analysis

Key Lessons Learned. Teaching your kids about money and finances begins with teaching them to have integrity and to just be good people in the hopes of avoiding that sense of entitlement so money kids with money get. Also, house hacking is still, in our opinion, one of the quickest, most surefire ways to build wealth and move towards financial independence.
How did they acquire their knowledge or what knowledge did they need to acquire? Understand what your resources are before you get started. Do you have capital? Do you have time? Do you have knowledge? If you are missing any of those things, look for a partner to fill that gap, or look to bring the resources you DO have to a partner that has what you don’t, so that you can learn from them.
How much money did it take to get started? She bought a $395,000 duplex in Los Angeles for 10% down, so about $40,000.
How much time does it take now? She spends most of her time now educating other investors. She is very intentional about investing passively so that she can do what she wants, when she wants to do it, with whom she wants to do it.
Could they do this strategy from anywhere in the world? Absolutely, she is a full-time passive investor and could live almost anywhere in the world.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How she got started investing in real estate with the purchase of a duplex in Los Angeles
Her transition from active investor to a passive investor using various syndications
How she teaches her kids about money
Daily rituals that keep her focused and productive throughout the day
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: WealthWarriorWoman.com
Email: Hello@wealthwarriorwoman.com
Instagram: @WealthWarriorWoman
Facebook: Tamar Hermes International
Book: Man's Search for Meaning by Viktor Frankl
Book: Rich Dad, Poor Dad by Robert Kiyosaki
Resource: Wealth Warrior Woman Workshops and Masterminds
Resource: The Allowance Game
Netflix: Queen’s Gambit

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Owning and Operating 15 Self-Storage Facilities Remotely with Gary Edmonds

Neil and Brittany Henderson — Mon, 11 Jan 2021 09:00:00 -0500

Gary Edmonds – Self Storage Owner and Operator, founder of Pack It LLC and TheStorageManager, talks to Neil Henderson, the host of The Road to Family Freedom podcast. Gary Edmonds is an Illinois based self-storage owner, operator, and manager who bought his first facility back in 1999 while holding down a full-time job. Since then, he has acquired 14 facilities totaling 1800 units and over 280,000 square feet of storage space. And almost all of those facilities were acquired and run remotely while Gary had a career as a State Farm insurance agent.

In this episode, we talk to Gary about buying that first facility, how a previous career in commercial lending helped prepare him for the storage business, how he has managed all of his facilities remotely without a manager on-site, and the mistakes he made acquiring his second facility.

Post-Interview Analysis

Key Lessons Learned. As an owner of any business, whether it be self-storage, or multifamily real estate, or short-term rentals, there is a mind-shift that needs to happen around your idea of the 40-hour workweek. As an entrepreneur, you are going to have more freedom, you are not going to be tied down to someone else telling you what to do and when to do it, but there is going to be a sacrifice, and you will probably be putting in more than 40 hours a week. But there will be a closer correlation between how much you work and the amount of money you make.
How did they acquire their knowledge or what knowledge did they need to acquire? See above.
How much money did it take to get started? It took him about $42,000 cash to acquire his first facility.
How much time does it take now? This is a tough one to nail down as Gary is an active entrepreneur who’s schedule varies greatly. Some weeks it’s 20 hours, other weeks it could be 80 hours.
Could they do this strategy from anywhere in the world? Yes, Gary sets his facilities up to run remotely.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How an earlier career in commercial and agricultural lending prepared him for buying commercial real estate assets like self-storage
The details of buying his first self-storage facility back in 1999
What it was the caused him to shift from residential real estate to commercial
The hardest part about being a self-storage owner
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Gary Edmonds Storage
Facebook: The Storage Manager
Email: gary@getstoragehere.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Buying a 12-Unit Multifamily as Your First Rental Property with Amanda Bolan

Neil and Brittany Henderson — Mon, 04 Jan 2021 06:00:00 -0500

Amanda Bolan – Multifamily investor, wife, and mother to 3 small children. Being active previously on flips, underway on a small development, she and her husband have narrowed their focus to multifamily properties for long term wealth creation. At the beginning of 2020, they closed on a 12 unit apartment deal as their first rental property.,

In this episode, we talk about getting started flipping properties, how they ended up buying a larger property than they thought they could afford, the challenge of acquiring their first property during the beginning of a pandemic, and how they got past the fear of the unknowns of buying their first property.

Post-Interview Analysis

Key Lessons Learned. Don’t be afraid to ask for things even if you think the answer will be no. The answer is always no if you never ask. If you’re uncomfortable asking for things, practice in low-stakes situations like in line at Starbucks. Ask for a 10% discount. The answer will likely be no, but you’ll condition yourself to understand that the world doesn’t end when someone says no. Also, don’t let the price of something stop you, within reason. Real estate is one of those situations where you can often find something that you want to buy and then figure out how to pay for it later.
How did they acquire their knowledge or what knowledge did they need to acquire? They learned a lot from listening to the BiggerPockets Podcast, but they also ended up hiring a mentor to accelerate their learning.
How much money did it take to get started? They had to come to the table with about $85,000 to buy a $1.1 million property, and only about $14,500 of that was for the down payment, the rest was for renovations and reserves.
How much time does it take now? The time commitment to managing the property is pretty minimal at this point because they have a property manager. Things are more intense when they are in the middle of an acquisition or searching for a property.
Could they do this strategy from anywhere in the world? They invest locally at this point, but given they have a property manager handling the day to day management of the property, this is probably a strategy they could do from almost anywhere.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
Getting started flipping properties
How they ended up buying a larger property than they thought they could afford
The challenge of acquiring their first property during the beginning of a pandemic
How they got past the fear of the unknowns of buying their first property
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @multifamilyamanda

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Best Episodes of 2020 with Neil & Brittany Henderson

Neil and Brittany Henderson — Thu, 31 Dec 2020 09:00:00 -0500

Scaling Your Self-Storage Empire with Truck Parking and Modulars with Wendell Long

Neil and Brittany Henderson — Mon, 28 Dec 2020 06:00:00 -0500

Wendell Long – Serial Entrepreneur, Self-Storage Investor and owner of Mint Hill Self-Storage talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Wendell got his start in the manufacturing equipment business and has been successfully operating that business for 20 plus years. In addition, he has over 30 years of experience in commercial and residential real estate, including rezoning and development. He has 5 current commercial development projects, including warehousing facilities, self-storage and parking, and commercial leasing. He opened his first self-storage facility in 2008 and is building and expanding his second and third facilities now.

In this episode, we talk to Wendell about how he built his first self-storage facility in phases with modular units, the tax and financing benefits of using modular units, the biggest mistake he sees aspiring self-storage investors make, and some of the ways he creatively finances his self-storage deals.

Post-Interview Analysis

Key Lessons Learned. This is a sales business. At the end of the day, you have got to figure out a way to fill your funnel with potential self-storage deals.
How did they acquire their knowledge or what knowledge did they need to acquire? He did a paid mentorship with Scott Meyers at Self Storage Insiders. He was also a serial entrepreneur before he got into storage so he came into the business with a lot of knowledge about operating a business.
How much money did it take to get started? Tough one to answer as he already owned the parcel of land and operated several businesses on it. He built his facility in phases using tractor-trailer parking and modular storage buildings. It cost him about $50,000 to bring in those first few units.
How much time does it take now? Tough one to answer as Wendell has his hands in so many different businesses.
Could they do this strategy from anywhere in the world? They like to stick close to home.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
Building his first self-storage facility in phases using modular units
The tax and financing benefits of building out a self-storage facility in phases
The biggest mistakes aspiring self-storage investors make when starting out
Some of the various ways he creatively finances his self-storage deals
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Mint Hill Self Storage
Facebook: Wendell Long
Phone Number: 704-533-2961

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

20 Build and Hold Rentals Before Age Thirty with Natalie Cloutier

Neil and Brittany Henderson — Mon, 21 Dec 2020 06:00:00 -0500

Natalie Cloutier – Real Estate Investor from The New Build Couple talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Natalie started her investing journey along with her husband when they were just 20 years old with zero dollars in the bank by building their own home from the ground up. They then used an 18-month interest-free credit card from Home Depot to build a basement apartment, got a HELOC, and kept going from there. They have acquired a total of 12 doors so far, with an additional eight that are currently under construction.

In this episode, we talk to Natalie about how they got started in real estate investing at such a young age, some of the lessons learned in those early days, how house hacking is real estate is investing with training wheels, and how they have scaled from one door to what will soon be 20 build and hold rental doors.

Post-Interview Analysis

Key Lessons Learned. The difference between development and in-fill building. With development, you’re dealing with raw land, getting in properly zoned and entitled, getting all of the services built out there, and having environmental impact studies done. With in-fill, the land is already ready to go, for the most part. Much less risk and a shorter time frame.
How did they acquire their knowledge or what knowledge did they need to acquire? She grew up in a construction family and she and her husband went to school to become architects. She does the building design, and he does the cost estimations.
How much money did it take to get started? It cost them about $8,000 of their own money to build their first house with a basement apartment.
How much time does it take now? This is more than a full-time job for both her and her husband.
Could they do this strategy from anywhere in the world? Right now, no. They are directly involved with the day to day operations, especially on the build side and they primarily stick to properties that are 15 minutes away.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How they got started in real estate investing at such a young age
Some of the lessons learned in those early days
How house hacking is real estate is investing with training wheels
How they have scaled from one door to what will soon be 20 build and hold rental doors
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: The New Build Couple
Instagram: @thenewbuildcouple

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Living a Fit Rich Lifestyle using Multifamily with Jason & Pili Yarusi

Neil and Brittany Henderson — Thu, 17 Dec 2020 06:00:00 -0500

Jason Yarusi and Pili Yarusi – Multifamily Syndicators and co-founders of Yarusi Holdings, talk to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. In 2016 they founded Yarusi Holdings, a multifamily investment firm currently with over 800 units under management. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding. Jason and Pili also host "The Jason and Pili Project" a Youtube Channel and Podcast that sets the foundation for building Mental Fortitude, Growing Wealth, and Improving Health by providing actionable steps (and avoiding missteps). Their monthly meetup, The New Jersey Multifamily Foundation Club has over 2,000 members and focuses on Real Estate Syndication.

In this episode we talk to Jason and Pili about their journey into multi-family syndication after pursuing a variety of real estate strategies, from flipping to wholesaling to small multifamily, to even moving entire houses. We talk about what led them to shift gears and focus on apartment syndication, and we spend a lot of time talking about building a mindset that will allow you to start taking action on your goals today.

Post-Interview Analysis

Key Lessons Learned. Don’t wait to know everything before you get started, you will NEVER know all that you need to know. Just get started with some kind of action, learn from taking that action, and know that you will get better each time. Also, start with small consistent action is going to serve you better than trying to immediately take massive action. Think of trying to climb Mount Killamanjaro. You don’t wake up one day after being a couch potato and decide to climb that mountain the next day, you start with taking a 5-minute walk and building on that.
How did they acquire their knowledge or what knowledge did they need to acquire? Jason and Pili found local mentors who help them get started in real estate. When they decided to go bigger with multifamily syndication, they hired a paid mentor.
How much money did it take to get started? They got started purchasing and rehabbing a duplex for about $45,000. Their first multifamily syndication was purchased for $2.3 million, of which most of that money was raised from private investors.
How much time does it take now? We didn’t get into specifics about time, most real estate syndicators will tell you it’s a full-time job.
Could they do this strategy from anywhere in the world? From the United States, yes. Syndicating these larger deals allows for on-site property management and maintenance. Once you are buying properties at that level, you are mostly managing the managers.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
The details of purchasing their first investment property and how they built a portfolio of small multifamily units
What it was that led them to shift gears from residential real estate into commercial real estate
The mind shift of “raising capital” versus “providing opportunities”
Their daily show Second Cup of Coffee and their new book
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Yarusi holdings
YouTube: Jason and Pili Project
Facebook: Jason Yarusi
Twitter: @JasonYarusi
Book: How To Master A Fit Rich Life In 15 Days

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Using TikTok to Start a Self-Storage Empire with Frazier Robison

Neil and Brittany Henderson — Thu, 10 Dec 2020 06:00:00 -0500

Frazier Robison – The owner of Titan Self Storage talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Frazier is a self-storage investor from the Pacific Northwest who has purchased five facilities in less than two years. He documents his journey and experiences as the owner/operator of a self-storage business to his 360,000 followers on the short-form social media video sharing platform TikTok.

In this episode, we talk to Frazier about how he found his way into storage, how he purchased his first facility by partnering with his brother, the ways in which he manages the day to day operations of his three facilities, as well as how he has become TikTok’s self-storage star.

Post-Interview Analysis

Key Lessons Learned. Focus on finding the deal before you focus on finding the money. Real estate is one of the few investment strategies that allow you to find something you want to buy, and then go find the money to buy it. Don’t get bogged down trying to find the money. Find a good deal and the money will come. Don’t feel like you need to know everything before you start taking action. Take consistent daily action and learn from doing!
How did they acquire their knowledge or what knowledge did they need to acquire? He went to the Inside Self Storage show in Las Vegas. He also just learned by doing. He manages the day to day operations of his self-storage facilities, so that’s obviously where he has learned the most.
How much money did it take to get started? He and his brother put down 25% on a $1.1 million self-storage facility, so about $275,000. But of that down payment, Frazier only put in $19,500 of his own capital.
How much time does it take now? This is a full-time job. He is managing three self-storage facilities all on his own without any employees.
Could they do this strategy from anywhere in the world? Not at the moment as he is directly involved with the day to day operations of his self-storage facilities. He and his brother are looking to expand beyond their local area.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How he found his way into storage
How he purchased his first facility by partnering with his brother
The ways in which he manages the day to day operations of his three facilities
How he has become TikTok’s self-storage star
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
TikTok: @frazierrei
LinkTree: FrazierREI

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From Zero to Fifty Rentals in 18 Months with Josh and Marcie Rathbun

Neil and Brittany Henderson — Mon, 07 Dec 2020 06:00:00 -0500

Josh and Marcie Rathbun – Real Estate Investors and co-founders of Silver Lining Homes talk to Neil Henderson, the host of The Road to Family Freedom podcast. Josh and Marcie have grown their rental property portfolio from Zero to Fifty units in just a year and a half. They began accumulating properties while Josh had a full-time job, and Marcie worked as the property manager. In that short amount of time, they have achieved enough financial independence to set off on a family adventure to travel the United States by RV full time.

In this episode, we talk to Josh and Marcie about how they purchased a portfolio of investment properties using a loan from a small local bank, how they borrowed the downpayment from a family member, and how they funded the rehab costs with a HELOC on their primary residence. We also talk about the importance of building long-term business relationships with contractors rather than transactional relationships. Finally, we get some details on their plan to downsize and hit the road in an RV full time with their family.

Post-Interview Analysis

Key Lessons Learned. Focus on people before you focus on deals. Real estate is a people business and you want to be building long-term relationships with people not transactional relationships.
How did they acquire their knowledge or what knowledge did they need to acquire? They spent about two years listening to podcasts and they read books.
How much money did it take to get started? Almost zero. They bought a portfolio of properties using an 80% loan to value loan from a local bank, they borrowed the money for the down payment from a family member and used a HELOC on their primary residence to fund the rehab.
How much time does it take now? When they are in acquisition mode, it takes Josh about 20 to 30 hours per week. For Marcie, as the property manager, she spends about 10 hours per week maintaining their portfolio. When they have a unit to fill, her work load increases to about 20 to 30 hours a week as well.
Could they do this strategy from anywhere in the world? Yes! They are about to embark on a family adventure traveling around the United States in an RV full time.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How they purchased a portfolio of investment properties using a loan from a small local bank
How they borrowed the downpayment from a family member
How they funded the rehab costs with a HELOC on their primary residence
The importance of building long-term business relationships with contractors rather than transactional relationships
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Silver Lining Homes
Resource: Deal Machine
Resource: Any.do App
Resource: AnyList
Resource: Google Drive
Resource: Buildium

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Teaching Veterans to House Hack Using VA Loans with Eric Upchurch

Neil and Brittany Henderson — Wed, 02 Dec 2020 09:00:00 -0500

Eric Upchurch – Real Estate Investor and Army Veteran from Active Duty, Passive Income talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Eric has a passion for educating the military community on how to create long term wealth through real estate investing, while personally investing across the country for the last fourteen years. He serves as Co-Founder of Active Duty Passive Income (ADPI) and is a Senior Managing Partner with ADPI Capital. Most recently, Eric’s team has opened a nationwide, first-of-its-kind 100% employee-owned mortgage branch, real estate brokerage, as well as an insurance company – all with the goal of serving the ADPI community of military real estate investors.

In this episode we talk to Eric about how he became an accidental landlord when he purchased his first house with a VA loan, we talk about his passion for teaching other veterans the power of house hacking, we talk about his specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily, and finally, we talk about the key to successful networking.

Post-Interview Analysis

Key Lessons Learned. Networking is about focusing on the OTHER person’s needs before your own. You will have much greater success networking if you go into each interaction trying to find out what the other person needs, and how you can perhaps help them.
How did they acquire their knowledge or what knowledge did they need to acquire? He went to a real estate seminar and did the upsell, upsell, upsell, and found himself in a mentoring program.
How much money did it take to get started? He was able to get into his first property by taking advantage of the Veteran’s Administration’s zero percent down loan program offered to military veterans.
How much time does it take now? He spends about 10 hours per week on his real estate endeavors.
Could they do this strategy from anywhere in the world? Yes, he has transitioned into buying larger multifamily properties across the country.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How he became an accidental landlord when he purchased his first house with a VA loan
His passion for teaching other veterans the power of house hacking
His specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily
The key to successful networking
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Active Duty, Passive Income
Website: EricUpchurch.com
Facebook: Military Real Estate Investing
Facebook: Eric Upchurch
Email: eric@activedutypassiveincome.com
Instagram: @realericupchurch
LinkedIn: Eric Upchurch
Resource: VA Home Loans

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Converting Old Buildings to Self Storage with Scott Krone

Neil and Brittany Henderson — Mon, 30 Nov 2020 09:00:00 -0500

Scott Krone – Self Storage Investor from Coda Management Group talks to Neil Henderson of The Road to Family Freedom Podcast. Scott is a Chicago native whose career began in architecture in 1991. In 2012, Krone founded Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces.

In this episode we talk to Scott about his company’s specialty, which is converting older buildings into Class A self-storage facilities, we talk about the challenges of dealing with city zoning departments, we talk about the kinds of building they stay away from, and finally, we talk about an existing tax loophole called Opportunity Zones that allows you to wipe out the tax burden on all capital gains.

Post-Interview Analysis

Key Lessons Learned. If you can find a way to take advantage of Opportunity Zones, you have a chance to make your investors very happy as they can grow the offset existing capital gains and grow their investment with you, nearly tax-free.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
Converting older buildings into Class A self-storage facilities
The challenges of dealing with city zoning departments
The kinds of building they stay away from
A tax loophole called Opportunity Zones that can, if used correctly, allow you to wipe out the tax burden on all capital gains
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Coda Management Group
Facebook: Coda Management Group
Resource: IRS FAQ - Opportunity Zones
Resource: Opportunity Zone Mapping Tool

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Fill Your Self-Storage Funnel with Fernando Angelucci

Neil and Brittany Henderson — Mon, 23 Nov 2020 06:00:00 -0500

Fernando Angelucci – self-storage investor and co-founder of Titan Wealth Group talks to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. Fernando got his start in real estate when he was just 23 on the residential side of the world with wholesaling small deals and acquiring residential rentals. He then went on to build a multi-family rental portfolio. Two years ago he made the switch to self-storage and has grown his self-storage portfolio to upwards of 260,000 square feet producing more than $550,000 in Net Operating Income per year and did it in less than 24 months.

In this episode, we are going to dig deep into how Fernando fills his funnel with self-storage deals, how he builds rapport with owners, and how he underwrites potential deals. If you have an interest in finding self-storage facilities to purchase, this high-level conversation is for you.

Post-Interview Analysis

Key Lessons Learned. First, build a marketing system that provides constant contact with potential sellers, starting with the cheapest method of contact, text messaging, then cold calling, then ramping up to the most expensive method of contact, direct mail. Second, this is all about building rapport with owners, and it takes a LOT longer than residential real estate. Expect to be building rapport for about six months.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
How he has purchased 10 self-storage facilities in the past 24 months
The types of facilities he and his partners are targeting
The hub and spoke management model he is using to manage his facilities
His initial process for a high-level initial look at a prospective facility
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Titan Wealth Group
Website: The Storage Stud
Resource: Task Rabbit
Resource: Fiverr
Resource: Exact Data
Resource: Lead Sherpa
Resource: Skip Genie
Resource: Radius Plus
Resource: Yardi Matrix
LinkedIn: Fernando Angelucci
Twitter: @TheStorageStud
Instagram: @TheStorageStud

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

VDW0zKXbXiWLENgwhS3u

Building Your “Forever Money” Using Multifamily Real Estate with Mandy McAllister

Neil and Brittany Henderson — Thu, 19 Nov 2020 06:00:00 -0500

Mandy McAllister – a multifamily real estate investor, mindset ninja, eternal learner, coach, and dot connector talks to Neil Henderson and Brittany Henderson from The Road to Family Freedom podcast. Mandy followed volleyball to Mercer University in Georgia where she was awarded Top Graduate in Marketing. Soon after, she moved to Chicago to do a Masters in Economics and began work at the Board of Trade. Her professional career transitioned to Medical Device Sales where she was a perennial top performer. After many years of “chasing commission,” she has made it her mission to secure financial freedom for her family and others through syndications and coaching individuals to realize their personal potential.

As a real estate investor, her expertise includes repositioning underperforming assets to increase cash flow and value. She currently has a portfolio of 198 doors, primarily B- class workforce housing. Mandy has found success in college towns with student housing as well as urban centers. Her passion is to help others define their path to financial freedom especially women through her platform, Aspiring Women Achieving More.

We talk to Mandy about her first small multifamily purchase and the uncommon way she was able to increase cash flow, her definition of “forever money”, some bad recommendations she hears from other real estate investors, and why she finds a one million dollar loan to be the sweet spot for investing in multifamily.

Post-Interview Analysis

Key Lessons Learned. What do you want your life to look like once your real estate investment business is up and producing income? Reverse engineer how much income you want to be earning along with what your day to day life is going to look like once you’re earning that income and build a real estate portfolio that gives you that. Also, don’t be afraid to go where other investors won’t, that’s likely where the money is.
How did they acquire their knowledge or what knowledge did they need to acquire? She needed to understand debt, especially the different kinds of commercial real estate loan options.
How much money did it take to get started? $36,000 down on her first investment property.
How much time does it take now? She is a full-time investor. This is a full-time job.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage
The details of her first small multifamily purchase and the uncommon way she was able to increase cash flow
Her definition of “forever money”
Some bad recommendations she hears from other real estate investors
Why she finds a one million dollar loan to be the sweet spot for investing in multifamily
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Mandy McAllister
Facebook: Mandy McAllister
Facebook Group: Aspiring Women Achieving More
Resource: Financial Goals Calculator

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Raising a Million Dollars in Under One Month with Frank Scappaticci

Neil and Brittany Henderson — Mon, 16 Nov 2020 09:00:00 -0500

Frank Scappaticci – a former financial services consultant, Army Officer, and West Point graduate turned real estate investor and entrepreneur. After over a year of hesitation, he finally decided to make real estate his full-time profession while partnering with Grayline Investments. Since that time, he and his partners at Grayline have turbocharged a home buying system that is closing on up to 30 deals a month and is primarily focused around towns with military bases.

We talk about why he and his team have decided to focus on towns with military bases, how they are marketing to up to 200,000 potential sellers per month, the various ways they are acquiring those properties, the various exit strategies they are using to sell them, and the training he and his team took that he says has led them to scale so quickly

Post-Interview Analysis

Key Lessons Learned. Tell everyone you know what you are doing and what you are looking for. For example: “I’m a self-storage investor. We buy existing self-storage facilities and vacant buildings that could be converted to self-storage in the Sunbelt. We buy these assets with cash, and some with loans, and we use private lenders who become equity partners in our deals. They share in the cash flow and the profits when we sell. When we find a deal that we are considering, we call them and offer them a share of the ownership secured by the property. Our partners love this because the returns are generally higher than the stock market, and less risky because they actually own a percentage of an asset that they can see, and touch, unlike anything they buy on Wall Street.”
How did they acquire their knowledge or what knowledge did they need to acquire? Frank had to learn sales. If you are an entrepreneur, you are almost always going to be selling in some form or another. Sales is often described as leading a buyer to find what it is they already want.
How much money did it take to get started? He put down about $20,000 to purchase a single-family rental in Killeen, TX for $91,000.
How much time does it take now? This is a full-time job for him now. He is a full-time real estate investor.
Could they do this strategy from anywhere in the world? Yes, he lives in New York but invests in Texas, Tennessee, and North Carolina.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Frank’s journey from West Point graduate, Army Officer, to financial services, to now a full-time real estate investor
The details of his first investment property purchase, a single-family rental in Killeen, TX
The importance of getting that first deal under your belt and not feeling like you need to swing for the fences, just get on base
How he raised a million dollars in 23 days from private equity investors
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Email: frank@graylineinvestments.com
Website: Grayline Investments
Facebook: Grayline Investments
Resource: BlackJack Real Estate - Bill Allen
Resource: PropStream
Resource: Lead Sherpa
Resource: Loom
Resource: Monday
Book: How to Win Friends and Influence People by Dale Carnegie
Book: Turning Pro by Steven Pressfield
Book: Expert Secrets - The Underground Playbook for Converting Your Online Visitors into Lifelong Customers by Russell Brunson

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Tips for Talking to Self-Storage Owners and Brokers with Marla Colic

Neil and Brittany Henderson — Thu, 12 Nov 2020 09:00:00 -0500

Marla Colic – is a former self-storage owner and now broker from Missouri who has been in the industry since 2010. Marla’s knowledge of the storage asset class includes storage ownership, management, consulting, and brokerage. In 2016, Marla joined Marcus & Millichap as a real estate broker where she facilitates the acquisition and disposition of Self Storage assets across Missouri and the Midwest. Marla is a partner with First Vice President Investments Anne Williams-Blackwell and the Williams Storage Group, which includes over 30-year storage experience. The Williams Storage Group sold over $60 million in storage in 2019.

In this episode, we talk to Marla about how she bought her first Self Storage Facility fresh off giving birth to her daughter, her journey into becoming a self-storage broker, and some fantastic advice about how prospective buyers of self-storage can build relationships with owners and brokers.

Post-Interview Analysis

Key Lessons Learned. If you are considering buying a self-storage facility, start making calls to lenders first. Those relationships take a while to build and you want to be able to answer yes when a self-storage broker asks you if you’ve lined up a lender. It also gives you an idea of how large a facility you can afford. Now, given that commercial lending is based on the asset, not the borrower, this is not as big an issue as it would be for a piece of residential real estate.
How did they acquire their knowledge or what knowledge did they need to acquire? She had a paid mentorship with her eventual business partner Anne Williams.
How much money did it take to get started? She and her husband put down approximately $150,000 to purchase a $750,000 facility. Most of the funds for that property came from credit cards and a home equity loan on their primary residence.
How much time does it take now? This is a full-time job.
Could they do this strategy from anywhere in the world? No, she is focused on helping put together self-storage buyers and sellers in the Midwest market of the United States.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How she networked with other self-storage owners in order to acquire her facility
What works better for contacting self-storage owners, a targeted market-specific approach, or a shotgun mass mailing approach
How does the typical first conversation with a self-storage owner go
The challenges of building rapport with self-storage owners during the time of COVID-19
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Williams Storage Group
Facebook: Marla Colic
Email: marla.colic@marcusmillichap.com
Phone Number: 314-889-2524
Resource: Live Oak Bank

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Purchasing Six Self-Storage Facilities in Two Years with Tony Pernelli

Neil and Brittany Henderson — Mon, 09 Nov 2020 06:00:00 -0500

Tony Pernelli – is a self-storage investor from Pennsylvania who got his start investing in multifamily and flips. In this week’s episode, you’ll hear how he self-managed over 100 residential doors while holding down a full-time job and why that experience pushed him into investing in self-storage facilities. In just two years, Tony has built a portfolio of 6 facilities and counting in several locations in the South.

In this episode we talk to Tony about purchasing his first self-storage facility, what was it that attracted him to storage from working a full-time job while managing over 100 residential units. The very simple airport method he uses to decide on markets he wishes to invest in, and finally some of the unexpected frustrations he faces as a self-storage owner.

Post-Interview Analysis

Key Lessons Learned. When you are dealing with residential real estate, there are two main factors you are dealing with - mechanical systems and people. The benefit of storage is the people's interaction is diminished and the mechanical systems are simplified.
How did they acquire their knowledge or what knowledge did they need to acquire? He’s had to learn how to evaluate self-storage opportunities.
How much money did it take to get started? He put down 25% on a $305,000 self-storage facility, so about $61,000.
How much time does it take now? He spends about four to six hours a week on acquisitions, but only about an hour on management.
Could they do this strategy from anywhere in the world? Yes, he currently invests at a distance.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Purchasing his first self-storage facility
What attracted him to self-storage after self-managing 100 residential units while holding down a full-time job
The very simple airport method he uses to decide which markets he will invest in
Some unexpected frustrations he faces as a self-storage owner
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Facebook: Tony Pernelli

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From Zero to Twenty Multifamily Units On Their First Deal with German and Oscar Buendia

Neil and Brittany Henderson — Mon, 02 Nov 2020 09:00:00 -0500

German & Oscar Buendia – brothers and co-founders of Good Day Capital, talk to Neil Henderson, the host of The Road to Family Freedom podcast. German and Oscar were both serving in the military, but only recently began investing in multifamily. Sparked by a family scare while deployed, Oscar and German decided to build up a multifamily portfolio to provide some flexibility. After overcoming limiting beliefs, they built relationships online to do their first deal in Ohio, a 20 unit multifamily portfolio.

They’ve got a great story about how they overcame a lot of their limiting beliefs and found their first multifamily deal through networking and the decision that they faced when taking on a property that size, and whether or not they should try to bring on private capital.

Post-Interview Analysis

Key Lessons Learned. Hire out what you aren’t good at. If you aren’t great on the phone but you are great at analyzing deals, find someone who’s great on the phone to partner with. Take stock of where you are lacking and find a partner who supplements what you don’t have.
How did they acquire their knowledge or what knowledge did they need to acquire? They hired mentors who were experts in multifamily.
How much money did it take to get started? It took them a little over $200,000 to purchase an $821,000 property. They chose to use their own money for this deal while they learned the ropes, rather than risking the capital of outside investors.
How much time does it take now? It’s pretty much a full-time job, which is true of many syndicators. Between looking for deals, raising capital, and managing the asset, it adds up.
Could they do this strategy from anywhere in the world? Yes, they currently live in Colorado and California, but they invest in Ohio and they are about to start investing in Florida.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Why they chose to tackle a 20-unit property right out of the gate rather than starting small
The choice to use their own money and not bring in private capital
How relentless online and then in-person networking led to them finding their first deal
Red flags that indicate people you shouldn’t be involved with
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Good Day Capital
Instagram: @rei_brothers
LinkedIn: Oscar Buendia
LinkedIn: German Buendia

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Self-Storage Investing with a Higher Purpose with Scott Meyers

Neil and Brittany Henderson — Thu, 29 Oct 2020 06:00:00 -0500

Scott Meyers – founder of SelfStorageInvesting.com and Kingdom Storage focuses on syndicating self-storage deals and helping others launch their own self-storage business to enjoy a lifestyle as his saying goes, “ free from tenants, toilets, and trash!”

Scott Meyers is the principal in 16 facilities totaling over 7,500 units and over 2 million square feet of storage and has converted over 30 facilities totaling over 12,000 units and over 2 million square feet of Storage. He is also the Founder and President of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. His company was started back in 2006 for the purpose of acquiring, developing, and operating self-storage facilities. And has raised over $20 million in syndicates and private equity partnerships that continue to fuel their growth.

Post-Interview Analysis

Key Lessons Learned: It’s good to have goals, but don’t let the overwhelming desire to achieve a goal pressure yourself into making a deal work because you feel like you have to when you might be better off walking away from a bad deal. Make the goal, but focus on the daily discipline of actions that will get you to the goal. Also, pay attention to what the property taxes are going to do AFTER you purchase a piece of real estate.
How did they acquire their knowledge or what knowledge did they need to acquire? He took courses on self-storage and hired a consultant to help him.
How much money did it take to get started? He put $50,000 along with his partner, $100,000 total, and used a seller carryback to acquire their first facility.
How much time does it take now? This is a full-time job for Scott. He has multiple facilities, an education company, and he’s raising capital for deals.
Could they do this strategy from anywhere in the world? Yes, pretty much from anywhere in the country.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How he built a portfolio of residential real estate properties before switching to self-storage when he discovered how much work owning that many residential units were.
The details of his first self-storage facility purchase
Some bad recommendations he hears from others in the self-storage industry
What he sees for the self-storage industry over the next 12-18 months
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Twitter: @SelfStorageGuy
Instagram: @self_storage_investing
Website: Passive Storage Investing
Facebook: Self Storage Investing

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Attend the 2021 Best Ever Conference

From Zero to 15 Single Family Rentals in Three Years with Anam & Aamir Hashambhai

Neil and Brittany Henderson — Mon, 26 Oct 2020 06:00:00 -0500

Anam & Aamir Hashambhai – co-founders of Opulent Realty talk to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Anam and Aamir are a Dallas, TX-based husband and wife team who purchased their first investment property three years ago with their entire savings. Three years later they have a few million under management and show no signs of slowing down. They currently have 15 units purchased through the BRRRR Strategy and they are looking to get to 20 by the end of the year.

Post-Interview Analysis

Key Lessons Learned: Have very well defined acquisition criteria, this allows you to very quickly screen properties for whether or not you should dig deeper.
How did they acquire their knowledge or what knowledge did they need to acquire? They had to learn how to determine good areas to invest in. This led them to develop a screening system they call A.R.E.A. (Area, Retail, Education, ARV). Meaning they look for nice areas with decent employment, near retail, near good schools, with properties that they can acquire for 55-65% of After Repair Value.
How much money did it take to get started? About $120,000 to fund the cash purchase of their first deal, that they then did a cash-out refinance on.
How much time does it take now? During acquisition, it takes about 40-50 hours per week, but once a property is up and running, it’s more like 1 hour per week.
Could they do this strategy from anywhere in the world? Yes

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How Anam and Aamir pooled together their life savings along with some credit cards to fund the purchase and rehab of their first single-family rental
The details of that first single-family rental investment
How they find their deals through wholesalers but avoid being overwhelmed by the flow of deals
Their system for quickly analyzing a deal for whether they should proceed
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @rehabrental
Resource: Buildium
Resource: Bigger Pockets Podcast

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Attend the 2021 Best Ever Conference

Self-Managing a Small Portfolio of Single Family Rentals with Elenis Camargo

Neil and Brittany Henderson — Thu, 22 Oct 2020 06:00:00 -0500

Elenis Camargo – co-founder of Third Stone Properties talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Elenis and her husband began their real estate investing journey when they bought their first investment property sight-unseen, long-distance from their home in Brooklyn, NY before they made the move to their investing market of Jacksonville, FL. They have since built a portfolio of four single-family rentals and continue to grow their portfolio while self-managing.

Post-Interview Analysis

Key Lessons Learned: Don’t be afraid of inherited tenants. Don’t let it be a reason you don’t buy a good deal.
How did they acquire their knowledge or what knowledge did they need to acquire? Learning to develop processes for effective property management
How much money did it take to get started? $23,000 to buy and do light rehab on a $90,000 property
How much time does it take now? Difficult to determine exactly, but probably 30+ hours per week.
Could they do this strategy from anywhere in the world? Yes, but she’s probably going to have to hand over property management to someone else.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How Elenis and her husband bought their first single-family rental off the MLS long-distance, sight-unseen from their previous home in Brooklyn, NY.
The challenges of dealing with an inherited tenant
Details of the purchase of their first single-family investment property
How they used listing agents to place their tenants but self-manage once a tenant is in place, thereby increasing their cash flow
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @investoremc2
Website: Third Stone Properties
Resource: Cozy.co
Resource: Quickbooks
Resource: Stessa
Resource: Zillow
Resource: Trulia

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Attend the 2021 Best Ever Conference

How to Build A Long Distance Real Estate Investing Team with Antoine Martel

Neil and Brittany Henderson — Mon, 19 Oct 2020 06:00:00 -0500

Antoine Martel – the co-founder of Martel Turnkey, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Antoine is a 25-year-old real estate investor from Toronto, Canada. While still in college Antoine learned about real estate investing and knew it was his calling. From his dorm room, he completed his first BRRRR (Buy, Rehab, Rent, Refinance, Repeat) project out of state with his father's $40,000. Since then Antoine and his family have completed over 200 real estate projects and currently have a $14M real estate portfolio. They have also helped create $50,000/mo of cash flow for their clients of MartelTurnkey.com.

Post-Interview Analysis

Key Lessons Learned: In real estate, it’s important to focus on building long-term relationships and avoiding transactional relationships. You will get much better work out of a contractor who sees you as a source of consistent work, than a contractor who sees you as a one-time gig. Also, when building a team in a new market, start with property managers, not realtors. The property managers are going to know the better rental sub-markets and they will have better resources. They are also an example of someone who will be in a long-term relationship, as opposed to the more transactional real estate agent.
How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn how to build a team in a new market.
How much money did it take to get started? About $40,000 that he borrowed from his father.
How much time does it take now? It’s a full-time job as he is heavily involved in selling their inventory of homes using their turnkey strategy.
Could they do this strategy from anywhere in the world? Yes and no. For him, he’s running the business, and he probably needs to be present to keep his business working. For his clients, obviously yes, it’s completely passive.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How Antoine borrowed $40,000 to buy his first rental property long-distance in Memphis, TN.
What it was that initially attracted him to the Memphis, TN market.
Who is the first team member you should seek out when investing in real estate long distance? It’s not a real estate agent.
How they are finding buyers for their turnkey properties
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Instagram: @MartelAntoine
Twitter: @MartelAntoine
Website: Martel Turnkey
Resource: Zoho - Customer Relations Management
Resource: Zapier - Automation

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From Zero to Seven Self-Storage Facilities in Two Years with Zach Quick

Neil and Brittany Henderson — Thu, 15 Oct 2020 09:00:00 -0500

Zach Quick – full-time self-storage investor primarily focused on value-add facilities in the midwest. Zach and his wife began their investing journey by building a residential/multi-family portfolio over 5 years before pivoting into self-storage. While expanding their residential/multi-family portfolio Zach worked for two Fortune 500 companies related to Retail and Staffing Management. After selling their residential portfolio and purchasing several self-storage properties Zach jumped into the role of investor full-time. Zach and his wife and their beautiful daughter reside in Northwest Arkansas.

In this episode, we get a rundown on Zach’s first self-storage deal, and how he has grown his portfolio to seven facilities in just two years.

Post-Interview Analysis

Key Lessons Learned: Pay attention to your limiting beliefs. The average person will tell themselves, it’s not possible for me to buy seven self-storage facilities in 24 months. If you tell yourself you can‘t do it, you won’t. Instead, ask yourself HOW could I do it? Also, remember, you don’t need to know everything before you get started. You will never know everything you need to know to proceed. It’s better to get started and learn as you go than to sit and try to learn everything before you take action.
How did they acquire their knowledge or what knowledge did they need to acquire? He pretty much just listened to the BiggerPockets podcast as much as he could.
How much money did it take to get started? $101,000 that he used as a down payment on a seller finance deal.
How much time does it take now? It’s a full-time job but he loves it and he has control over his time.
Could they do this strategy from anywhere in the world? Yes, as long as he had access to his phone and wifi, he could call who he needed to call to handle things on the ground.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How he built a portfolio of residential real estate properties before switching to self-storage two years ago because he felt stuck in residential
The power of consistent cash flow, forced appreciation, and value-add you get from commercial real estate
The story of buying his first 37,000 square foot self-storage facility using owner finance
How he is managing his self-storage facilities
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
LinkedIn: Zach Quick
Website: ZachQuick.com
Facebook: Zach Quick

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Attend the 2021 Best Ever Conference

NOT Your How-To Guide to Investing in Real Estate with Ali Boone

Neil and Brittany Henderson — Tue, 13 Oct 2020 06:00:00 -0500

Ali Boone – the founder of Hipster Investments, is a real estate investor and lifestyle entrepreneur and has literally defined non-conformity when it comes to her career. Ali left her corporate 9-to-5 job as an Aerospace Engineer, despite the “dream job” status that came with it, to start her real estate investing company, Hipster Investments. Hipster managed to facilitate over $18M in real estate investment transactions in its first five years of business. Ali’s primary focus in real estate, and with Hipster, revolves around passive income and passive investment options, and she is most involved with turnkey rental properties.

In this episode, we get an update from Ali about the good and the bad of her first foray into life as a landlord of a duplex in her hometown. We talk about what she calls the Three Currencies you need to focus on when beginning your real estate investing journey, and the difference between Working versus Investing, and how that impacts the various real estate investing strategies you might choose to focus on.

Post-Interview Analysis

Key Lessons Learned: Begin with the end in mind and take stock of what you have before beginning your real estate investment journey. Do you really have the time to invest actively? If you lack the time to invest actively, might you be better off focusing on your core income-producing endeavors and seek out more passive opportunities with slightly lower returns.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
After years of owning rental properties, Ali Boone became an actual landlord for the first time about two years ago. We check in with how that’s going for her.
Ali Boone has a new book out called NOT Your How-To Guide to Investing in Real Estate. It’s not a book about the nuts and bolts of any particular real estate investing strategy, it’s a book about the mindset of a real estate investor.
The Three Currencies of every potential real estate investor must consider and why they are important
Beginning with the end in mind and understanding the difference between Working and Investing as it pertains to different real estate investment strategies.
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Get Your Free Copy of Ali Boone’s new book NOT Your How-To Guide to Real Estate Investing
Twitter: @HipsterInvest
Website: Hipster Investments
Facebook: Hipster Investments
Instagram: @HipsterInvest

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Providing Non-Traditional Buyers a Path to Home Ownership using Lease Purchases with Nick Prefontaine

Neil and Brittany Henderson — Thu, 24 Sep 2020 09:00:00 -0500

Nick Prefontaine – real estate investor specializing in lease purchases, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Nick tells the story of how a snowboarding accident left him in a coma for three weeks, his journey to real estate investing which began with knocking on the doors of pre-foreclosures at age 16 and 17. As part of a family-run real estate business at Smart Real Estate Coach, Nick specializes in working with lease purchasers to get them into a home and on to the path of homeownership.

Post-Interview Analysis

Key Lessons Learned: Trust the process. One of the great things about real estate is that it is easy to replicate other’s success, especially if they have a process that you can follow. If they do, trust the process and stick to it. Also, don’t get too bogged down in the details. Focus on the next task in front of you. Do that task, learn from it, and then get on to the next task at hand.
How did they acquire their knowledge or what knowledge did they need to acquire? He learned by doing. He came from a real estate family and got started knocking on doors of pre-foreclosures as a 16 to 17-year-old.
How much money did it take to get started? About $1,000.
How much time does it take now? It’s a full-time job as he is heavily involved in selling their inventory of homes using their lease-purchase strategy.
Could they do this strategy from anywhere in the world? Yes, but it really requires an extensive team on the ground in the market. They often partner with students across the country.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How a snowboarding accident left Nick in a coma for 3 weeks, and how he ran out of the hospital 3 months later
How he got his start in real estate investing knocking on the doors of pre-foreclosures as a 16 and 17-year-old
The power of being able to learn from a mentor by watching them work
An explanation of what it means to buy and sell real estate “on terms”
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Book: Cashflow Quadrant by Robert Kiyosaki
Webinar: Real Estate On Your Terms
Free Book: NewRulesforFree.com

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From Short Term Rental Manager to Boutique Hotel Owner with Mike Sjogren

Neil and Brittany Henderson — Mon, 21 Sep 2020 06:00:00 -0500

Mike Sjogren – Co-Owner of Occupied and Short Term Rental Secrets, talks to Neil Henderson, the host of The Road to Family Freedom podcast. Mike Sjogren started off as a CPA, built a successful architectural photography studio, developed a short term rental co-hosting (management) company with over 25 properties, and recently became the owner of a boutique hotel in a beach community on the New England shore. Mike is experienced with systematizing, automating, and scaling short term rental properties and teaches his system at Short Term Rental Secrets.

Post-Interview Analysis

Key Lessons Learned: When trying to automate or cut costs, focus on the customer experience. Put yourself in their shoes and try to figure out the questions and pain points they might have.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
His journey from short term rental manager and an explanation of the different ways to get into short term rentals
The size of his short term rental management portfolio
Cautions on how quickly you can be overwhelmed managing multiple rentals
The effects of the pandemic on the short term rental market
The story of buying a boutique hotel and turning it into an unmanned AirBnB hotel
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
The Cove at Rockport
Facebook: TheAirBnbGuy
Instagram: TheAirBnBGuy
Short Term Rental Secrets
Occupied Now

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Building Wealth One Rental at a Time with Michael Zuber

Neil and Brittany Henderson — Mon, 14 Sep 2020 06:00:00 -0500

Michael Zuber – the author of the book One Rental at a Time, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Michael talks to us about his journey, which started as being a full-time employee at 30 years old, working insane hours all over the world, and then growing his rental portfolio from a single house to currently about 175 doors. He talks about some of the hurdles many investors who work full-time encounter and the ways they can avoid them.

Post-Interview Analysis

Key Lessons Learned: Pay attention to the affordability index in whatever market you are investing in. Is your market affordable for the average person who lives there? Also, if you are a high earner with a good-paying job that takes a lot of your time, leverage other people’s time and experience rather than trying to add the additional work of managing, marketing, and finding deals.
How did they acquire their knowledge or what knowledge did they need to acquire? He read a lot of books and he had to learn how to evaluate his chosen market.
How much money did it take to get started? About $35,000 to purchase and rehab their first property.
How much time does it take now? He spends a lot of time doing other things related to his real estate investment endeavors but most of the work is handled by property managers.
Could they do this strategy from anywhere in the world? Mostly no. Michael Zuber’s strategy is predicated on choosing a nearby market that is within driving distance of where he lives and learning it well.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How huge losses in the stock market led Michael to pursue an alternative wealth-building strategy with real estate
How his days of working long hours and traveling led him to pursue building passive income sources to escape his W-2 job.
How he chose Fresno, CA as his preferred market to begin investing in real estate
Tips for finding and evaluating a potential property manager
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
YouTube: One Rental at a Time
One Rental at a Time by Michael Zuber
75 DAY HARD Challenge for Real Estate Investors
Instagram: One Rental at a Time
Rich Dad, Poor Dad by Robert Kiyosaki
Tim Ferriss prediction about Second Hubs
MGM Resorts reports $1 billion operating loss in Q2

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Buy Investment Property without Ever Going to a Bank with Brad Smotherman

Neil and Brittany Henderson — Mon, 07 Sep 2020 06:00:00 -0500

Brad Smotherman – Real Estate Investor from BradSmotherman.com and host of the Investor Creator podcast, talks to Neil Henderson, the hosts of The Road to Family Freedom podcast. Brad is an investor and mentor who owns and manages a 7-figure per year flipping business. His focus is on buying single-family flips creatively, both subject-to and with owner financing…and selling retail or with owner financing (creating wrap notes).

With 11 years in the real estate business, Brad has invested in over 15 states, has houses from Michigan to Georgia, and has completed over 550 transactions to date. Brad is the host of the top 100 business podcast Investor Creator, where he teaches new and seasoned real estate investors how to take their house flipping business to multiple 6 or 7 figure income without sacrificing freedom.

Post-Interview Analysis

Key Lessons Learned: It’s possible to create equity using terms, just like there is using rehab to force equity in a BRRRR. Example: Acquire a property “subject to” the existing $175,000 mortgage. Selling that property using owner finance for $220,000. He’s just created $45,000 in equity using the terms.
How did they acquire their knowledge or what knowledge did they need to acquire? The mindset is key. You are going to hear a lot of “No’s” in this business. Developing a mindset that this is largely a numbers game and that eventually, you will hear a “Yes” is key.
How much money did it take to get started? Zero! With a caveat. The most effective way to find these deals is with direct mail marketing, and that takes money. His first big marketing spend was $15,000.
How much time does it take now? It’s very difficult to put a number on the amount of time this strategy takes, but I would say to do it effectively you would need at least 20 hours per week to devote to it. Less if you were able to build a team, but that is true for nearly every strategy.
Could they do this strategy from anywhere in the world? Yes, IF you had a team on the ground in the market you were targeting. You are going to almost certainly have to have someone meet face-to-face with these sellers.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
The long struggle to acquire his first real estate deal
The structure of buying a property “subject to” the existing mortgage and then selling it owner finance.
How he communicates with the seller’s bank in acquiring a property “subject to” the existing mortgage.
Tips for building rapport with a distressed seller in a potential “subject to” deal
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
BradSmother.com
Facebook: Brad Smotherman
Investor Creator Podcast

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

The 3 Qualities that Make Storage a Near Perfect Investment with Ben Lapidus

Neil and Brittany Henderson — Mon, 31 Aug 2020 06:00:00 -0500

Ben Lapidus -- Director of Acquisitions for Spartan Investment Group, brings his skills in asset management and financial analysis to launch and grow Spartan’s portfolio business line. With over 2 dozen successful deals under his belt prior to Spartan, Ben is also the founder and host of the national Best Ever Real Estate Investing Conference and managing partner of Indigo Ownerships LLC.

Before Spartan, Ben started a multi-million dollar study abroad company and worked with several start-ups through IPO or acquisition. He graduated Rutgers University with dual degrees in Finance and Economics where he was the founder of the Rutgers Entrepreneurial Society.

Post-Interview Analysis

Key Lessons Learned: Self-Storage is a supply and demand business. There are many things you can fix about a self-storage facility but if the demand is not there, you will not be successful. It’s also hyper-localized and that demand depends very much on the lifestyles and demographics of the population in the market.
How did they acquire their knowledge or what knowledge did they need to acquire? Learning to invest with other people’s money by starting small with friends and family.
How much money did it take to get started? He started with about $100,000 from the sale of his education company.
How much time does it take now? This is a full-time job.
Could they do this strategy from anywhere in the world? At this time, given his role at Spartan Investment Group, probably not.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How his parent’s first real estate investment led him to become a real estate investor himself.
How he initially went about raising capital from friends and family
What is the primary investment focus of Spartan Investment Group?
How and Why Spartan Investment decided to target self-storage as their primary investment asset
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Best Ever Real Estate Conference 2021 (will be virtual)
Spartan Investment Group
Contact Ben

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Transitioning from Multifamily to Self Storage with Corinn Altomare

Neil and Brittany Henderson — Fri, 28 Aug 2020 08:00:00 -0500

Corinn Altomare – Owner of Hearthfire Holdings talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Corinn Altomare is a classically trained musician turned real estate investor. Along with her husband, they have been investing in real estate for nearly a decade starting with multifamily but made the strategic decision to pivot into self-storage and other “affordable lifestyle and leisure” assets like RV and campground properties.

Post-Interview Analysis

Key Lessons Learned: In real estate, there is always an individual situation with a property that could make it a good deal, independent of what the larger market is doing.
How did they acquire their knowledge or what knowledge did they need to acquire? They learned mostly by doing. There is only so much you can learn from books and podcasts, eventually, you need to get out there and start doing it, and it’s there that you will learn the most.
How much money did it take to get started? About $25,000
How much time does it take now? It’s mostly a full-time job while they are in acquisition mode.
Could they do this strategy from anywhere in the world? Yes, she is setting up her self storage business such that she could pretty much run it from anywhere that she has access to the internet.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
The details of purchasing their first self-storage facility.
What was it that led her and her husband to pivot from multifamily and into self-storage.
The systems and automation that allow her to run a self-storage facility mostly remotely without a full-time manager on duty.
The opportunities in self-storage to take poorly run “mom and pop” facilities and professionalize the management of the facility to increase its cash flow and value.
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Hearthfire Holdings
Paul Moore - BiggerPockets Profile

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Lessons from a Full-Time Passive Investor with Travis Watts

Neil and Brittany Henderson — Mon, 24 Aug 2020 06:00:00 -0500

Travis Watts – Director of Investor Relations at Ashcroft Capital, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Travis is a full-time passive investor. He has been investing in real estate since 2009 in multi-family, single-family, and vacation rentals. Travis has invested in over 28 passive syndications between 14 different firms. Travis now dedicates his time to educating others in the world of investing and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate.

Post-Interview Analysis

Key Lessons Learned: Focus on evaluating the operator/sponsor before evaluating the deal: what’s their track record? Do you know them? Does their investing philosophy align with yours?
How did they acquire their knowledge or what knowledge did they need to acquire? He just learned by doing. He networked with several syndicators and placed $50,000 with one that he got to know.
How much money did it take to get started? $50,000, which is typical of the minimum for most syndications.
How much time does it take now? His passive investments take very little time once he has signed all the paperwork and submitted his funds.
Could they do this strategy from anywhere in the world? Yes! This very location independent.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
The One Thing More Important to a Real Estate Syndication than the Actual Deal
The Importance of Placing Your Capital with An Operator Who Specializes in Their Specific Asset Class
Key Lessons Learned from Some of His Early Passive Investments
The Key Metric that will Likely Determine the Success or Failure of a Multifamily Investment
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
A free 15-Minute Q&A with Travis @ www.calendly.com/traviswatts and a free PDF Guide "Understanding Real Estate Private Placements"
Facebook: Passive Investor Tips
Ashcroft Capital
Instagram: @PassiveInvestorTips

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Bouncing Back Strong from 2008 with Self-Storage with Allen Faires

Neil and Brittany Henderson — Thu, 20 Aug 2020 09:00:00 -0500

Allen Faires – President of Premier Storage Partners, talks to Neil Henderson, the host of The Road to Family Freedom podcast. Allen has devoted over a decade to the real estate industry. He owns 92,000 square feet of office and over 1,100 self-storage units throughout Ohio. He’s been extensively involved in real estate transactions representing a wide range of product types such as single-family, multifamily, industrial, retail shopping centers, land, and self-storage. From real estate brokerage to real estate ownership, his extensive knowledge of real estate is the product of such a wide variety of real estate experiences.

Post-Interview Analysis

Key Lessons Learned: Get out in front of problems before they become catastrophic. Talk to your lenders, your partners, your tenants, see what kinds of solutions might be available early in a crisis.
How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn the operations side of the self-storage business and especially how to do it as an unmanned facility.
How much money did it take to get started? He bought a $915,000 self-storage facility using $250,000 in equity he raised from investors.
How much time does it take now? Right now it’s a full-time job because he's in acquisition mode. Once he’s out of acquisition mode it will be very hands-off.
Could they do this strategy from anywhere in the world? Yes, once he is out of acquisition mode he will be able to operate these self-storage facilities remotely.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Allen’s real estate journey and how the 2008 financial crisis impacted him and his business.
Are there any parallels between the 2008 crisis and the COVID-19 crisis as far as real estate investing.
The details of the first self-storage facility he purchased.
How he structures his self-storage deals with investors.
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Facebook: Allen Faires
Premier Storage Partners

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Real Estate Investing in the Time of COVID-19 with Neal Bawa

Neil and Brittany Henderson — Mon, 17 Aug 2020 09:00:00 -0500

Neal Bawa – Owner of Grocapitus Investments, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $250+ million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that We can only manage what we can measure. His second mantra is that Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 300+ investors.

Post-Interview Analysis

Key Lessons Learned: Politics aside, the cities that are recovering faster from the economic shock of the COVID-19 pandemic are the ones that were fundamentally sound before the crisis and the ones who have made the difficult decision to essentially trade lives for economic stability.
How did they acquire their knowledge or what knowledge did they need to acquire? He learned while doing. He was tasked with finding his company a new office building.
How much money did it take to get started? None of his own money as he helped his company at the time purchase an office building.
How much time does it take now? This is a full-time job, 40 hours a week at least.
Could they do this strategy from anywhere in the world? Probably, given the number of location independent team members he works with.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Is Neal Bawa still investing in multifamily given the current state of the economy and given the COVID-19 pandemic?
Was it a good tell to sell our house in Las vegas?
When does Neal Bawab anticipate we will reach the “bottom” of the market with COVID?
How to invest in the time of COVID-19 and protect your downside.
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Learn more about Neal Bawa ;o)
www.grocapitus.com
Loom.com for recording video instructions for remote workers

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

From No Money and No Knowledge to 7 Doors with Sunitha Rao

Neil and Brittany Henderson — Thu, 13 Aug 2020 09:00:00 -0500

Sunitha Rao – Company Owner of Griffix Property Group, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. 10 years ago, Sunitha retired from nearly a decade of playing tennis professionally at the age of 23 with a sixth-grade education, quite literally no money and very little knowledge of how the world worked outside of her sport. Fast forward to today, she has earned a bachelor's in business and finance from Babson College, an MBA from Villanova University, has no student debt, a successful career in corporate finance, and a real estate business with seven doors in her portfolio. Her goal is to achieve financial freedom while also having a positive impact on others' lives through investing in real estate by purchasing distressed properties and repairing them to provide safer, cleaner, higher quality living environments for her long term tenants and short term vacation rental guests.

Post-Interview Analysis

Key Lessons Learned: Building her team through networking. Make sure she had an understanding of what a person’s job was. Perhaps do some of these jobs on your own before hiring it out. Get a feel for how much things should cost. The number of hours you can work to generate income is limited. It’s important to start looking for ways to generate income from other sources that don’t involve your time and ongoing labor.
How did they acquire their knowledge or what knowledge did they need to acquire? The finance tools for purchasing real estate. Really getting to know the different tools available to purchase a piece of real estate. From seller finance to HELOCs, to private money.
How much money did it take to get started? $37,000 to buy her first property
How much time does it take now? 2-4 hours a day depending on whether she is in acquisition mode.
Could they do this strategy from anywhere in the world? Pretty much yes, but she currently lives near where she invests.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
How Sunitha decided to add additional streams of income to her corporate finance job using cash flowing rental properties.
Why she decided to refrain from taking other people’s capital in the beginning.
The key things to remember when evaluating a property on just the cash on cash return
How analyzed various real estate markets and decided on Indianapolis to invest
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Website: Griffixpropertygroup.com
Instagram: https://www.instagram.com/griffixpropertygroup/

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

The Six Departments of a Self-Storage Business with Stacy Rossetti

Neil and Brittany Henderson — Wed, 05 Aug 2020 06:00:00 -0500

Stacy Rossetti – a self-storage investor and teacher at the Super Secret Investors Society, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Stacy has spent the last several years systematizing and automating her storage facilities so that she can easily run them from her phone or tablet and only spend a few hours each week working on them. She teaches others not only how to find abandoned storage facilities, but how to buy them with little money down and no banks. Plus, she focuses on your six departments and teaches you how to manage them: office, marketing, acquisitions, finance, management, and liquidations.

Post-Interview Analysis

Key Lessons Learned: So much of acquiring a self-storage facility in a tertiary market is simply about building rapport with the owner. Get on Google Maps and start looking for the unmistakable footprint of storage facilities, find a way to contact the owners, and just call them.
How did they acquire their knowledge or what knowledge did they need to acquire? Systematizing and Automation are the key. You don’t want to end up buying yourself a job, your goal is to buy yourself an investment or a business.
How much money did it take to get started? She was able to get into her first facility without any of her own money. The deal was financed 100% by a private lender.
How much time does it take now? Once a facility is up and running, it takes her husband about 8 hours per week to manage their multiple facilities.
Could they do this strategy from anywhere in the world? Yes, when we spoke to Stacy she and her family were on an extended vacation in South Dakota, while most of their portfolio is in Georgia.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Buying self-storage facilities with no money down using private lenders.
Finding abandoned or run down self-storage facilities on satellite imagery on Google Maps.
The six departments of running a self-storage business.
The keys to running a self-storage business remotely from a smartphone or a tablet.
And much more…

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Facebook: Stacy Teaches
www.stacyrossetti.com
Self-Storage Courses from Stacy Rossetti
StorEdge
Easy Storage Solutions

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

12 Months To Financial Freedom Using Self Storage With Jon Farling

Neil and Brittany Henderson — Wed, 29 Jul 2020 06:00:00 -0500

Jon Farling – is a self-storage investor from Ohio. He started buying single-family rentals in 2015. In 2019, he pivoted to self-storage and has purchased two facilities in just six short months plus one or two more by the time this episode airs.

Post-Interview Analysis

Key Lessons Learned: Find a way to take action. So many real estate investors, myself included, get bogged down in analysis paralysis and fear of getting started. If you can find a way to tackle a smaller deal, like a single-family home, rather than trying to go out and buy a $500,000 Self Storage Facility. When you've never run a self-storage facility, that is a daunting task. It is okay to start with a single-family home, or two, or three to help you get used to this game and all the moving parts that go into buying an investment property.
How did they acquire their knowledge or what knowledge did they need to acquire? He hired a mentor. He hired Mike Wagner to mentor him through the process of self-storage investing. Jon’s most important and successful lesson from Mike was understanding how to operate a self-storage facility. Especially when it comes to the small unmanned facilities that he's buying. The operations and business model for these smaller facilities are very different from the larger facilities with onsite or third party managers.
How much money did it take to get started? For a $375,000 facility, It took him about $60,000 of his own capital and an SBA loan which included about $30,000 towards renovations for a fence, electrical, and a security system.
How much time does it take now? When he is not in an acquisition phase, he spends about two hours a week on it because of the benefit of the systems and operations he utilizes. When in acquisition it involves significantly more time, especially with a more complicated SBA loan.
Could they do this strategy from anywhere in the world? Yes! With the facilities he has and the way he operates them, he could go and live anywhere he wants while running a successful storage facility.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Jon Farling
Neil and Jon discuss Jon’s current storage acquisitions and when they will close, as well as the intricacies of an SBA loan.
Jon talks about why he transitioned from single-family homes to self-storage and how SBA loans and investing in smaller towns and storage facilities made sense for him. And why he wouldn’t have skipped his single-family home experience if he could do it all again.
What were the numbers on that first storage deal? How big was it?
What is economic occupancy?
What are the community/population details?
How is he managing his facilities, what systems is he using?
How did the numbers work out in his favor even though this deal didn’t fit conventional wisdom?
Has self-storage met Jon’s expectations?
Any unexpected frustrations?
What mistakes were made?
How did he find the right mentor?
What were the main things Jon needed to learn about operations?
What kind of “boots on the ground” people does he need to operate?
Was there a book that helped get him started?
How are his deals funded for his current facilities and those he is acquiring?
What does a typical day as a self-storage investor look like for Jon?
Jon gives us details on the call center company he works with to run his facilities.
How does he find his deals?
What is the most critical skill he’s needed to learn for success?
How much time does he spend on his business?
Can he/will he run his business from anywhere in the world?

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

How to Invest Without Banks Using Lease Purchases with Chris Prefontaine

Neil and Brittany Henderson — Wed, 22 Jul 2020 06:00:00 -0500

Chris Prefontaine – 3-time best-selling author and CEO of Smart Real Estate Coach talks to Neil and Brittany Henderson, hosts of The Road to Family Freedom podcast. Chris talks about how the 2008 real estate crash shaped his real estate investing strategy so that he now buys and sells investment properties with no banks. He now uses, and teaches others to use, a strategy called Lease Purchase, to control an asset, and then either hold it as a long term rental, or sell it using another lease purchase agreement.

Post-Interview Analysis

Key Lessons Learned: Manage your expectations on your first few deals. So many people want or expect to hit a home run with their first deal, but what they should be trying to do is just get in a deal and learn.
How did they acquire their knowledge or what knowledge did they need to acquire? Mindset is such an important aspect of the real estate investing business. Getting over your limiting beliefs around how much money you can make, and whether you can successfully negotiate a sale with a seller.
How much money did it take to get started? It varies greatly, but the biggest cost is typically going to be marketing and closing costs to set up the Lease Purchase agreement. On average, probably about $4,000 to $10,000.
How much time does it take now? About 20 hours a week for minimal results.
Could they do this strategy from anywhere in the world? Maybe, but you would definitely need a partner of some sort to act as boots on the ground.

Episode Highlights:

Schedule a free video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Chris Prefontaine
[02:55] Chris talks about how the 2008 real estate crash shaped his future strategy.
[04:30] How the COVID-19 pandemic and related economic crisis compares to the 2008 financial crisis.
[07:09] How does a Lease Purchase work in real estate investing?
[10:06] Chris Prefontaine walks us through a recent example of an investor using a lease-purchase to acquire an investment property.
[15:07] The Law of the First Deal in real estate investing.
[16:22] How do they structure partnerships with their student investors?
[22:24] How to find sellers who are open to a lease-purchase.
[24:07] What sorts of systems have they set up to keep their deal funnel full?
[25:51] How to use virtual assistants to help you contact motivated sellers.
[27:25] How Chris got himself educated on using the lease-purchase strategy.
[29:54] What are the costs associated with using the lease-purchase strategy to acquire investment property?
[31:18] What does the Smart Real Estate Coach mentorship look like for a student?
[34:34] Are investors investing out of state or just in their immediate area?
[36:43] Are lease purchases the kind of investment strategy that someone could execute long distance? From anywhere in the world?
[38:03] What are Chris Prefontaine’s predictions for the real estate market over the next 12 months?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Free Book: FreeSRECBook.com
Free Webinar: www.smartrealestatecoach.com/webinar/
Chris Prefontaine’s Website: www.smartrealestatecoach.com
Twitter: https://twitter.com/smartrecoach
Facebook: https://www.facebook.com/smartrealestatecoach/

Follow Us:

Other Stuff:

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

Getting Started Raising Private Capital with Jake Marmulstein

Neil and Brittany Henderson — Wed, 15 Jul 2020 06:00:00 -0500

Jake Marmelstein – founder of Groundbreaker.co talks to Neil Henderson , host of The Road to Family Freedom podcast. Jake founded Groundbreaker after working for an institutional real estate investment firm focused on distressed hotels. He found that the process of raising money and managing the data related to investor communications was cumbersome and inefficient, so he set out to provide a better solution. Groundbreaker, which is headquartered in Chicago, offers modern investment management to professional real estate deal sponsors and their investors.

Post-Interview Analysis

Key Lessons Learned: If you are looking to fund deals with other people's money, start with friends and family. Your credibility and relationship with an investor is key when taking other people’s money. If you're working with friends and family, that's going to be a lot easier to establish than with a total stranger that you meet on the internet.
Keep your investment structure simple. A lot of new investors will do a lot of different things to try to bring in money, so they'll have 10 different investors on the same deal with 10 different investment structures. That's just a recipe for disaster. So keep it simple. You may lose investors, and that’s ok. You’d rather have a happy investor than one who is upset about the other investor’s arrangements.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Jake Marmelstein
Jake talks about the origins of the name Groundbreaker for software company, as well as the origins of the company itself.
Jake talks about his real estate journey.
Jake and Neil explain the difference between a REIT and a syndication
What mistakes made as a new syndicator looking for investors?
How is being a syndicator a customer service job?
Jake discusses what challenges led to the creation of Groundbreaker
How does Groundbreaker help a syndicator and an investor?
Jake talks about how he currently invests.
What asset classes are working well right now?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Groundbreaker: groundbreaker.co

Scaling from 8 Single Family BRRRRs to a 24 Unit Apartment Building with Alex Felice

Neil and Brittany Henderson — Wed, 01 Jul 2020 09:00:00 -0500

Alex Felice – of BrokeIsAChoice.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Alex is the first repeat guest on The Road to Family Freedom. He talks about his journey from buying 8 single family rentals using the BRRRR strategy, to buying a 24 unit apartment building with 5 other partners.

Post-Interview Analysis

Key Lessons Learned: Real Estate is hyper-regional, there is no “national real estate market”. The market in Las Vegas, Nevada is very different from the market in Reno, Nevada, and there are also submarkets within those regional markets. It’s important to understand what is driving and affecting housing demand on a regional and sub-market

Episode Highlights

Alex recounts his journey from buying 8 single family rental properties using the Buy, Rehab, Rent, Refinance, Repeat strategy, and why he sold his primary residence in Las Vegas, Nevada.
Why he stopped buying single-family income properties to focus on buying a 24-unit apartment building and doing flips.
What was the purchase price on the 24-unit apartment building?
How he found the deal.
The importance of networking in real estate
How he purchased the 24-unit apartment building with five other partners.
How much capital he put into the deal
What’s the business plan to turn around the 24-unit?
How is he creating extra income for his partners?
How real estate investors who self-manage often step over dollars to pick up dimes
The importance of starting with small, manageable deals before you try and tackle the larger deals
Why he doesn’t want to own 5,000 units
What is the long-term plan for the disposition of the 24-unit apartment building?
The power of commercial real estate to create wealth and income using the combination of Net Operating Income and Cap Rate.
The most frustrating aspects of tackling the 24-unit
The importance of not coming into a deal undercapitalized.
How and why he has adding flipping houses to his investment repertoire.
How is the COVID-19 pandemic affecting the economy and the real estate market?
The difference between the pandemic and the Great Recession.
The effect of the pandemic on the short term rental market
The importance of having reserves to deal with unexpected market conditions

Books and Resources Mentioned

The Road to Family Freedom: roadtofamilyfreedom.com
Incerto: Fooled by Randomness, The Black Swan, The Bed of Procrustes, Antifragile by Nassim Nicholas Taleb
BrokeIsAChoice.com
YouTube: Alex Felice

Jumping Right into Mid-Sized Multifamily pt. 2 with Jimmy Johner

Neil and Brittany Henderson — Thu, 25 Jun 2020 05:00:00 -0500

Jimmy Johner - the co-founder of Crystal Coast Capital, and mid-sized multifamily investor, talks to Neil Henderson, the hosts of The Road to Family Freedom podcast. This is part two of the interview with the founders of Crystal Coast Capital, his life-long friend and partner, Alan Hill, can be heard on episode 47 of The Road to Family Freedom. Jimmy talks about discovering the pitfalls of investing in duplexes, and his decision to jump right into to larger properties. Post-Interview Analysis

Key Lessons Learned: You can read every book on real estate investing that’s ever been written, but you really aren’t going to learn until you start doing it. The education you get from doing just one deal, will often outpace every other book you’ve read or YouTube video you’ve ever watched. If you’re fearful of executing your first deal, find someone with experience and deal flow, and invest with them.
How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn to take emotion out of the transaction. This is a business, and it’s primarily a people business. If you let your emotions rule your decision making process, you’ll flame out in a hurry. Find a way to remove emotions from the transactions of real estate, from buying/selling a property, to dealing with tenants.
How much money did it take to get started? He and his partner, Alan Hill, each had to bring about $2,500 to the deal initially, but they did end up having to bring another $20,000 into the deal after they had acquired it.
How much time does it take now? Like many real estate investors, the amount of time he spends working on his real estate endeavors will be largely dependent on what phase of the process he is in. In acquisition mode, the time commitment is going to be a lot more, but once a property is stabilized and operating the way they want, it’s really about managing the property manager. He said he spends an average of 10 to 20 hours a week on real estate.
Could they do this strategy from anywhere in the world? Yes! His goal is to spend about 6 months out of the year on the island of Maui.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Jimmy Johner, a boating enthusiast.
Jimmy talks about how he discovered real estate after reading Rich Dad, Poor Dad by Robert Kiyosaki about ten years ago and had been itching to be an entrepreneur ever since.
How he developed a duplex from the ground up and discovered that the work involved wasn’t worth the amount of money. There is almost the same amount of risk dealing with 2 doors, as there is with dealing with 18 doors.
His journey to buying that first 18 unit apartment complex started with a phone call to a commercial broker he knows, on a whim. He didn’t have the money to afford the down payment for a property that size, but he figured it out.
The challenges of finding and dealing with a property management company that will manage a mid-sized multi-family property.
Bringing in an investor to handle the down payment on the 18-unit.
Breaking down the numbers on the 18-unit.
How much money did they have to bring to the table to acquire the property?
What the value of the property was at purchase, versus what it is valued at just six months later.
The power of forced appreciation on commercial real estate assets.
The effect on value of increasing the Net Operating Income when combined with a Cap Rate.
What is Agency Debt?
Biggest lessons learned from acquiring that first 18 unit apartment building.
The Three Immutable Laws of Real Estate investing.
The importance of surrounding yourself with positivity.
Providing a clean, safe place for tenants to live but removing emotion from the interaction.
How much money did Jimmy and Alan need to bring to the deal?
The most frustrating moment of buying the 48-unit apartment building.
A lot of times, the real work begins once the deal is under contract.
How did they find the 48-unit deal?
The importance of telling everyone what you do and what you are looking for.
What did Jimmy need to learn to be successful as a mid-sized multi-family investor?
What does a day in the life look like for Jimmy with his real estate endeavors? How much time does he spend on it?
Is this a business he could run from anywhere in the world?
Neil and Jimmy talk about their favorite Hawaiian island.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Jimmy Johner: jamesjohner@hotmail.com
Instagram: @jamesjohner

From House Hacking to 41 Doors with Meghan McCallum

Neil and Brittany Henderson — Wed, 10 Jun 2020 06:00:00 -0500

Meghan McCallum left the fire service after 14 years, walking away as a chief, she now leverages her risk analysis from her experience and from her Masters degree from the University of Chicago in Threat Response and Management into her investing career. A full-time real estate investor for almost 4 years now with a portfolio of 41 doors, she is partnering into new companies with other investors who specialize in their own niches. Due to her exposure to almost every form of real estate investing she helps drive trends and pivots with her team as change occurs. She is launching the REI Tech podcast as a mission to further the advancement of the real estate industry into the digital age.

Post-Interview Analysis

Key Lessons Learned: Protect your vulnerabilities in life, not just business. Know that things are going to go wrong, that problems will come up. Work through your what if’s and protect what you can with lawyers and insurance as necessary. Don’t expect real estate investing and strategies to stay the same forever. Things are always changing and we’re seeing that tech may be a significant factor in those changes.
How did they acquire their knowledge or what knowledge did they need to acquire? She gained her knowledge from doing. Her biggest recommendation for what new investors should know, is just to keep learning. Keep doing.
How much money did it take to get started? About $80,000 cash down on a house hacked duplex worth $280,000. That property is not worth somewhere in the $900,000 to $1,000,000 range.
How much time does it take now? She puts in about 5-6 hours a month.
Could they do this strategy from anywhere in the world? As long as she has a property manager and boots on the ground, yes.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Meghan McCallum
Neil, Brittany, and Meghan discuss being parents and real estate investors.
Meghan talks about the mistakes she made when buying her first investment, and why she thinks condos aren’t a good investment for most people.
Meghan talks about how her mother encouraged her to enter real estate investing and became a sort of silent partner.
Meghan walks us through her first deal after the condo.
They discuss how the other half of the duplex is being rented and the possible origin of the first anti airbnb law.
Why are house hacks a great place to start?
What were the numbers on that first deal?
How to use the BRRRR method and the benefit of tertiary markets.
The pros and cons of investing in more than one door at a time.
How to use commercial loans to your advantage.
Why has Meghan held off on bringing in investors or creating a syndication.
How her newest acquisition is fairing in the current crisis.
Meghan discusses how much time she spends on real estate.
Meghan talks about what she thinks is the most important skill for an investor
How does distance affect her investing?
The new podcast REI Tech and why it’s an important and unique addition to the number of real estate podcasts available.
How we are on a tipping point with tech and paradigm shifts.
How tech and automation have changed short term rentals and the new technology changing more traditional rentals.
What tech Meghan thinks will affect the future of real estate investing.
How the current crisis may affect real estate in the coming months/years.
The June 15th launch of Meghan’s podcast REI Tech

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Meghan McCallum: tttrei.com
NestEgg: https://nestegg.rent/
TurnoverBNB: https://turnoverbnb.com/

Jumping Right into Mid-Sized Multifamily with Alan Hill

Neil and Brittany Henderson — Thu, 28 May 2020 09:00:00 -0500

Alan Hill - the co-founder of Crystal Coast Capital, and mid-sized multifamily investor, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Alan Hill talks about his start in leveraging assets for income from a young age and how he jumped right into investing in mid-sized multifamily with childhood friend Jimmy Johner as Crystal Coast Capital. Post-Interview Analysis

Key Lessons Learned: Don’t let no stop you. In almost every real estate transaction there are going to be times someone tells you no. That’s an opportunity to use your problem solving skills to find a way around that obstacle. If it’s a good deal, find a way to push through rather than giving up and going back to watch Netflix.
How did they acquire their knowledge or what knowledge did they need to acquire? Learning to underwrite deals was the key piece of knowledge he had to learn in order to be successful.
How much money did it take to get started? Alan and his partner got into the deal for about $2,400 a piece because their investor put up most of the capital to purchase the deal.
How much time does it take now? He puts in about 10 to 15 hours a week on his real estate endeavors.
Could they do this strategy from anywhere in the world? Not really right now. They are focused on purchasing properties in their local market.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Alan Hill
Alan Hill recounts how he first got experience buying a cash flowing asset with debt with a riding mower and a lawn mowing business at a very young age.
Alan talks about how his childhood friend, Jimmy Johner, approached him about investing in real estate.
How they partnered up with each other and then an investor on the purchase of an 18 unit apartment building
How they structured their partnership
How they avoided having their investor on the loan
Lessons learned about the need for entering a deal with sufficient working capital
How they did much of the remodeling themselves
How new investors often fudge the numbers on their underwriting to make the deal happen
The long, strange saga of their second deal, a 48 unit complex
The struggle to negotiate seller-financing with the seller
What they discovered during due diligence on the property
The seller nearly sold the deal to another buyer while they were under contract to purchase his property
How they nearly lost the deal when the lender suddenly balked at loaning them the money because of their perceived lack of experience
How they built a credibility packet to ease the fears of the lender
All the obstacles they had to overcome to complete the acquisition of the 48-unit complex
How are they finding deals to purchase?
What was the key piece of knowledge he had to learn to be successful?
What does a day in the life of a mid-sized multi family investor look like?
How much time is his real estate investing business taking each week?
Are they looking to invest long-distance?

Books and Resources Mentioned: The Road to Family Freedom: roadtofamilyfreedom.com

The Power of Forced Appreciation in Mid-Sized Multifamily with Mario Brown

Neil and Brittany Henderson — Wed, 20 May 2020 09:00:00 -0500

Mario Brown – is a Greenville, SC real estate agent who specializes in new residential construction, as the co-founder of Affordable Upstate, he and his team buy and reposition mid-sized multifamily in South Carolina, where he talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Mario Brown talks about the various ways they force appreciation on their assets all while instituting environmentally conscious utility programs.

Post-Interview Analysis

Key Lessons Learned: When you are the owner/operator of a multi family asset, it’s important to remember you are in the customer service business, and your customers are your tenants. While it’s important not to be a pushover, you should remember you are providing those customers with a clean, safe, pleasant place to live. You learn by doing. There’s only so much you are going to learn from reading books, listening to podcasts. The sooner you can get out there and learn by doing, the better off you’ll be.
How did they acquire their knowledge or what knowledge did they need to acquire? He gained his knowledge from “BiggerPockets University” and he had to learn how to work with a partner after years of working as a lone ranger.
How much money did it take to get started? It took him roughly $55,000 of his own money to purchase and rehab a $400,000 property that he sold 24 months later for $560,000.
How much time does it take now? He puts in about 20 hours a week on his real estate endeavors.
Could they do this strategy from anywhere in the world? That’s the goal, but not right now when they are in the acquisition phase.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Mario Brown
Neil and Mario discuss the Best Ever Conference in Colorado this past February and the way the world changed at the beginning of March 2020.
Mario talks about how he discovered the power of real estate investing.
What is “forced appreciation”? What’s the difference between forced and natural appreciation?
What is Net Operating Income?
How are residential home sales valued versus how are commercial properties valued?
Lessons learned from his start in wholesaling and house flipping that he now applies to multifamily
What size multi-family communities are they typically purchasing?
What is his job in their partnership?
Is there anything he would do differently after purchasing the eight-unit apartment?
What were the numbers for that eight-unit deal?
Any massive failures in those early days he could have avoided?
What led him to shift gears from residential real estate to commercial real estate?
What is the elevator pitch for Affordable Upstate?
Where is his investor pool coming from?
Every investor you bring on is a customer service relationship you will be dealing with for at least the life of the deal.
What is a RUBS program? Ratio Utility Billing System.
The power of small savings that boost the net operating income that gets supercharged when divided by the Cap rate.
What skill did he need to learn to successfully execute multifamily investing?
What does a day in the life of a mid-sized multi-family investor look like?
Could he do this strategy from anywhere in the world?
Mario Brown talks about being a new dad and proposing to his wife

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Mario Brown: Facebook
Affordable Upstate: AffordableUpstate.com

Staying on the Right Side of Short-Term Rental Laws with Erin Spradlin

Neil and Brittany Henderson — Wed, 13 May 2020 09:00:00 -0500

Erin Spradlin – the co-owner of Erin and James Real Estate, founder of Denver Women Invest that is a monthly investing group for women, short-term rental investor, and specialist in helping homebuyers purchase short-term rentals in several Colorado markets, with a special emphasis on using that strategy in using house-hacking, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Erin Spradlin talks about medium-term rentals, the short-term rental market in Denver, working with property management companies, and her group Denver Women Invest.

Post-Interview Analysis

Key Lessons Learned: Women typically control many of the household buying decisions. But there is a disconnect because they don’t always make the same investments. Carve out a niche. Manage your expectations when it comes to property managers.
How did they acquire their knowledge or what knowledge did they need to acquire? Gain knowledge of the local laws. Don’t do things illegally.
How much money did it take to get started? They put about $32,000 down that they borrowed from a heloc.
How much time does it take now? The real estate side is a full-time job for her.
Could they do this strategy from anywhere in the world? Not really, because it is a hands-on full-time job.

Episode Highlights:

Interested in investing in self-storage? Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Erin Spradlin.
What was the ‘a-ha moment’ that got her interested in real estate?
What were the costs that they paid for their first property?
Were they telling the landlord about their rentals?
They used their HELOC for their down payment and to furnish their first property.
Do they use a property management company?
How does she define a medium-term rental?
What tips does she have for finding property management for a short-term rental?
Erin talks about the local standards for short-term rental laws in Denver.
Can you rent out individual rooms in Denver?
Does she have success in doing medium-term rentals with efficiency apartments?
What is her process for sizing up properties and how does she find them?
How did her partnership agreements unfold?
You have to prove to lenders that you have been highly leveraged for the last two years.
What have been the biggest frustrations and highlights for Erin being a host and short-term rental owner?
How did she go about getting educated when she first started with short-term rentals?
Erin Spradlin talks about her Denver Women Invest group.
What is she doing differently to handle changes caused by the COVID-19 pandemic?
Neil Henderson and Brittany Henderson talk about how Las Vegas has been impacted by COVID-19.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Erin Spradlin: Linkedin
Erin and James Real Estate: erinandjamesrealestate.com
Denver Women Invest: denverwomeninvest.com

Next Level Income with Demographic Trends in Multifamily with Chris Larsen

Neil and Brittany Henderson — Wed, 06 May 2020 09:00:00 -0500

Chris Larsen, multifamily investor and the founder and managing partner of Next-Level Income, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Chris Larsen got his start in real estate investing with a house hack during college. He’s since grown into investing in large multifamily syndications. Chris talks about how he uses demographics to identify investment opportunities, and how he uses the infinite banking concept to build wealth. Post-Interview Analysis

Key Lessons Learned: The same demographic trends with aging Baby Boomers that led to the growth of the medical devices industry are also driving the growth in multifamily, plus the Millenials.
How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn to analyze the data behind the demographics and he had to learn how to evaluate different multifamily operators.
How much money did it take to get started? He purchased an owner-occupied home that he house hacked in college for $3,000 down.
How much time does it take now? It depends on what stage of the process he is in. On average, he spends about 10 hours a week working on his syndication business, unless he’s in the middle of a capital raise, and then it’s a lot more.

Could they do this strategy from anywhere in the world? It would take an adjustment but yes.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Chris Larsen.
Chris Larsen talks about his first investment property
What were the costs that they paid for their first property?
Any lessons learned from that first deal?
The importance of considering Return on Equity in your real estate investing choices
What led to his shift from residential real estate into commercial multifamily?
How did he go about getting himself educated in multifamily syndication?
The magic of accelerated depreciation and its effect on your returns and tax burden
What are some red flags Chris looks for when he deciding whether to invest in a multifamily syndication?
How do you go about vetting a multifamily operator you plan to invest with?
Chris Larsen talks about the ways he makes use of the Infinite Banking system
What is the key piece of knowledge you need to be successful as a multifamily syndicator?
What does a day in the life of a multifamily syndicator look like?
What markets is Chris Larsen investing in? Is he only investing locally?
Is multifamily syndication the kind of strategy that you could do from anywhere in the world?
How has the COVID-19 pandemic affected your investment strategy?
IS Chris seeing an affect on his tenants ability to pay rent given the disruption to everyday life from the COVID-19 pandemic?
What predictions does Chris Larsen have for the multifamily space over the next 12 months?
How has the COVID-19 pandemic affected the medical devices space?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Infinite Banking Webinar: What is Infinite Banking?
Next-Level Income: nextlevelincome.com
Next-Level Income Book: Free eBook

Buy and Hold Rentals to Wealth with Kyle and Lauren Clugston

Neil and Brittany Henderson — Wed, 29 Apr 2020 06:00:00 -0500

Kyle and Lauren Clugston – a husband and wife team working their way towards long-term wealth with buy and hold rental properties, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Kyle and Lauren Clugston started their real estate journey in 2017, and have since purchased four properties, starting with a house hack of a duplex and a recent addition of a triplex, all while holding down full-time jobs.

Post-Interview Analysis

Key Lessons Learned: Don’t wait on the ‘perfect’ property for your first deal. Find a property that won’t make you go broke. Using skills that you already have can be really beneficial.
How did they acquire their knowledge or what knowledge did they need to acquire? They learned a lot on the job, and they did a lot of research. Learn to renovate by trade instead of by unit.
How much money did it take to get started? They were all in for about $187,000 with the purchase price and renovations, including 20% of the purchase price and $50,000 in cash and also credit cards for renovations. They don’t recommend credit cards for first-time real estate investors.
How much time does it take now? It depends on what stage they are in. But it is about an hour a week to manage tenants and Kyle handles the maintenance calls. If they are turning over a unit it is about 4-6 hours a week. If they are in acquisition and renovation mode, it is like another full-time job.
Could they do this strategy from anywhere in the world? Not right now, but it is their goal.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/contact
Neil Henderson introduces Kyle and Lauren Clugston.
What was the ‘a-ha moment’ that got that interested in real estate?
What were the costs that they paid for their first property?
They cash-flow about $300 a month on their first duplex.
How did they get educated to be able to do everything themselves?
There are so many lessons that you have to learn from moving forward on your first property.
What was the hardest thing that occurred with renovation?
Kyle is a New Jersey State Trooper.
What is their screening process for tenants?
How did they tackle the challenges that come with working a full-time job with real estate?
Kyle and Lauren talk about how they have streamlined their process.
Find good tenants and management will be easier.
They would like to eventually have assistants.
What would be the first job they would like to pass off to someone else?
What do they find to be important to take care of on the front end of investing on a property?
What does a day in the life look like for them as property managers?
How do they find most of the properties that they end up purchasing?
Kyle and Lauren talk about their video series to teach people about real estate investing.
Document... don’t create.
You can use Instagram to crowdsource information.
Are they seeing any impact on the real estate side due to the coronavirus pandemic?
Has their state government put restrictions on evictions?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Rentals to Wealth: rentalstowealth.com

Rentals to Wealth Instagram: Instagram

House Hack Your Way to a Life Near the Beach with Joe Prillaman

Neil and Brittany Henderson — Wed, 22 Apr 2020 06:00:00 -0500

Joe Prillaman – the Founder and ‘Average Joe’ of Anchored Investing, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Joe Prillaman has been investing since 2018, where he got started with a BRRR of a single-family home in Fayetteville, North Carolina. He currently owns five properties in Fayetteville, North Carolina and is living near the beach on the Carolina coast by way of a house hacking a duplex as a short-term rental.

Post-Interview Analysis

Key Lessons Learned: Stay consistent. Airbnb is a business, not passive investing.
How did they acquire their knowledge or what knowledge did they need to acquire? Do something every day and connect with mentors.
How much money did it take to get started? The purchase price on Joe’s first property was $43,000 and about a $17,000 rehab, all in for about $60,000 of private money and it appraised after for about $80,000. He did delayed financing which allowed him to pull most of his original capital out in about 10 weeks.
How much time does it take now? He spends a lot of time on this. It is a full-time job for Joe Prillaman and his wife.
Could they do this strategy from anywhere in the world? If he had a system set up, then he could be away for several months.

Episode Highlights:

Schedule a video chat with Neil Henderson to talk about self-storage investing at roadtofamilyfreedom.com/selfstoragecall
Neil Henderson introduces Joe Prillaman.
What was the ‘a-ha moment’ that got him interested in real estate?
What were the numbers like on the first BRRRR he bought?
Joe Prillaman explains what delayed financing is.
How quickly was he able to move into his next properties?
Where did the money come from for his first purchase?
What led Joe to short-term rentals?
Did he use debt financing?
How does short-term rental expenses compare to long-term?
What job would he offload to someone regarding Airbnb?
What has been the highlight and the worst scenario of short-term rentals?
Consistency was the biggest mindset skill Joe Prillaman had to learn.
Do the work it takes to be successful in this business.
Does he feel he could leave the country for a few months and have his business run properly?
Is there anything he would do differently?
What advice does he have for anyone with a full-time job and a family to get into real estate?
How is COVID-19 impacting his business?
Real estate is so much fun for Joe, even during the hard times.
Have a backup plan, no matter what.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Joe Prillaman: Linkedin

Getting Kids Involved In Your FIRE Journey with Pongee Barnes

Neil and Brittany Henderson — Wed, 15 Apr 2020 09:00:00 -0500

Episode Description

Pongee Barnes – a seasoned real estate investor from Chicago, serial entrepreneur, and the founder of Little Owners, a company dedicated to educating kids on the various paths to career and entrepreneurial success, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Pongee Barnes talks about investing in real estate in Chicago, writing business-related books for children with her children, and incorporating investing into her children’s upbringing.

Post-Interview Analysis

Key Lessons Learned: Don’t overwhelm your kids with entrepreneurship lessons and make them end up resenting it. Go with your kid’s interests.
How did they acquire their knowledge or what knowledge did they need to acquire? Be really solid with your numbers and be aware of the costs involved. Learn delayed gratification and business vocabulary.
How much money did it take to get started? She got a mortgage on the first flip then took profits from flips and used cash to purchase buy-and-holds.
How much time does it take now? She is doing real estate and property management full-time.
Could they do this strategy from anywhere in the world? She probably couldn’t.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
Neil Henderson introduces Pongee Barnes.
Pongee Barnes talks about beginning in real estate in 2005 as a college student.
Pongee lost money on her first property flip.
How did she move past this loss?
Pongee Barnes and her husband currently have 13 doors.
What did her first buy-and-hold deal look like?
Property tax is very high in Chicago suburbs.
She has continued to buy rentals with cash with each one located in Chicago.
Why did Pongee Barnes and her husband decide to be their own property managers?
Pongee Barnes shares her tenant screening process.
She is full-time in real estate and her husband maintains his job.
What does she do when she has a problem with a tenant and they stop paying?
What was the origin of Little Owners?
Does she have a background in writing and what are the titles of the books?
Pongee Barnes co-wrote her books with her children and they were involved with conceptualizing the illustrations.
What do parents need to get started?
Diversify where your money comes from.
Children should be taught delayed gratification and business vocabulary.
Pongee Barnes talks about teaching her children to reinvest the profit.
What does an allowance look like with her children?
How much time is spent teaching business to her children?
Pongee Barnes discusses working towards investing in vending machines.
What is her children’s involvement in their real estate business?
Does Pongee Barnes see herself investing in real estate outside of Chicago?
Leadership and delegating are key skills for entrepreneurship.
What advice does she have for parents trying to integrate their children into their business?
How does her 6-year-old’s business activities differ from their 9-year-old?
What are the top three money lessons she wants her kids to learn?
How involved are her children involved in rehabbing their properties?
Neil Henderson’s and Brittany Henderson’s children talk with Pongee Barnes’ children.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Little Owners Social Media: Instagram Facebook
Little Owners Books: amazon.com/P.-E.-Barnes/e/B0847QQ7BN

Parking Your Investments in Parking Lots with Sam Wilson

Neil and Brittany Henderson — Wed, 08 Apr 2020 09:00:00 -0500

Sam Wilson – buys parking lots and parking garages as the CEO of Parking Your Investments talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Sam Wilson got his start in real estate by buying single-family homes at foreclosure auctions. He has done over 60 fix-and-flips and he owns a dozen long-term rentals. Now he has transitioned into buying parking lots and parking garages. Post-Interview Analysis

Key Lessons Learned: It is important to find people to partner with and learn from. Take what you have and offer it for free to someone who is lacking that.
How did they acquire their knowledge or what knowledge did they need to acquire? He sought knowledge from who knew more and learned as he went.
How much money did it take to get started? It took about 20% of $800,000.
How much time does it take now? Right now it is a full-time job and he is in the building stage.
Could they do this strategy from anywhere in the world? His work is very location-dependent.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
What was Sam Wilson’s journey into real estate like?
Sam Wilson has sold the properties of his that weren’t intended to be rental properties.
He has properties that are lease-to-own, some that are options to buy, and somewhere he transferred the deed because they put so much money down upfront.
How do parking lots compare to the value of homes?
What are the expense ratios for parking lots?
Are there a lot of parking lot operators?
Parking Your Investments are landlords of their parking lots with a fixed payment every month and annual increases.
Why are people parking there?
How does the financing work on purchasing parking lots?
What types of expenses does Parking Your Investments have?
They only buy existing parking lots.
What is Sam Wilson’s criteria for making a purchase?
What does his deal flow look like?
Can he do research using Google Earth or Google Maps?
What kinds of returns does Sam target?
What will it take to bow out of the full-time developer role?
Are operators already in place when they purchase parking lots?
What advice does he have for real estate investors?
If he could start over, would he do anything differently?
What is Sam Wilson doing to prepare for the coronavirus?
Will he be doing anything differently investing wise?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Sam Wilson: Linkedin
Sam Wilson’s Email: sam@parkingyourinvestments.com
Sam Wilson’s Phone Number: (901) 310-5496

Parking Your Investments: parkingyourinvestments.com

Update and Lessons Learned from Timberland BRRRR

Neil and Brittany Henderson — Wed, 11 Mar 2020 09:00:00 -0500

Neil and Brittany Henderson break down one of their latest real estate purchases, a single-family rental in North Carolina that they recently executed the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy on. Neil breaks down the lessons learned, the mistakes and the successes.

The property highlights
Type, size, location
What was the purchase price?
What were the rehab costs and was there anything unexpected?
What was our "all-in" cost to buy and rehab?
Were there any other costs associated with the purchase and rehab?
What did the property appraise for after it was rehabbed?
What does it rent for?
A lesson learned from using the Delayed Finance program.

How to Build Wealth from Rentals with Your Unique Value with Ashley Kehr

Neil and Brittany Henderson — Wed, 26 Feb 2020 09:00:00 -0500

Ashley Kehr – is a full-time real estate investor, she runs the educational and entertaining Wealth From Rental Instagram account, and is the mom to three boys, talks to Neil Henderson, the host of The Road to Family Freedom podcast. Ashley Kehr talks about how she got involved in real estate investing, using a line of credit and refinancing, house hacking and travel hacking, setting up two property management companies, building a robust investment portfolio, and using her time wisely.

Post-Interview Analysis

Key Lessons Learned: Figure out what you have to bring to the table for real estate investment: time, money or experience.
How did they acquire their knowledge or what knowledge did they need to acquire? She built up her knowledge regarding customer service when it comes to managing tenants.
How much money did it take to get started? She brought her time and experience to the table with an investor that had money so she was able to come with zero money down.
How much time does it take now? Now that it is up and running she spends about 20-40-hours-a-week but she has since sent that work to a third-party manager.
Could they do this strategy from anywhere in the world? The answer is yes but not really because she is working on a project and she has to stay connected to her properties.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/c onnect
What was the ‘a-ha’ moment that got Ashley Kehr interested in real estate investing?
How long after working as a property manager was it before Ashley bought her first property?
What were the numbers on Ashley’s first real estate deal?
Work in the real estate industry before you dive all-in investing to make sure you enjoy it.
Ashley talks about the house hack for her 21-year-old sister’s first house.
She explains how she has been using a line of credit and refinancing.
What does her portfolio look like currently?
Ashley explains setting up two property management companies.
How did she convince tenants to switch from paper checks to online payments?
What projects are next for Ashley Kehr?
It took five years for her to build her portfolio.
What has been the most frustrating part of being a residential real estate investor?
How did she get involved in traveling hacking and utilizing her business for it?
What does she believe is the most valuable skill to be successful in real estate investing?
Is there anything that Ashley Kehr would do differently?
What advice would she have for someone getting into property management?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Ashley Kehr: Instagram
Bigger Pockets Forums: biggerpockets.com/users/echopm
Book: Hug Your Haters by Jay Baer

Short-Term Profits Lead to Long-Term Wealth with Avery Carl

Neil and Brittany Henderson — Wed, 19 Feb 2020 06:00:00 -0500

Avery Carl – Affiliate Broker at eXp Realty and is a top 1% agent and vacation rental expert. Avery Carl talks about getting her start in real estate with one short-term rental, expanded that into five, and has now used the cash flow from those rentals to construct a portfolio of 18 long-term rental units.

Post-Interview Analysis

Key Lessons Learned: You can get creative with how you finance real estate. Don’t let your limiting beliefs about vacation rentals stop you.
How did they acquire their knowledge or what knowledge did they need to acquire? She learned a lot from actually doing it on her own.
How much money did it take to get started? She spent $175,000 on her first property and put 10% down, and she spent about $3000 to rehab for a total of about $21,000 all-in.
How much time does it take now? She only spends about a few text messages a day answering questions.
Could they do this strategy from anywhere in the world? You can do it from anywhere if you have boots on the ground and systems in place.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
Neil introduces Avery Carl.
Avery Carl shares what her ‘a-ha’ moment was in getting started in real estate.
What did she purchase her first property for and how much money did she have to pay all in?
When and where was this property purchased?
Did she use a HELOC on the first or the second property?
Does she have any advice for using a HELOC?
Has she helped any other clients navigate HELOCs?
What would a fixer-upper property go for in that area now?
Does she have any tips for furnishing a short-term rental?
Are there any furnishings that she believes you must-have for a short-term rental?
How does she navigate maintenance with hot tubs and pools?
What type of insurance is she using?
Has she ever had a bed bug issue?
How does she help cleaners not mix up which linens to which beds?
Does she have a method for what her expense ratio is going to be on a property?
What expenses often get overlooked?
What are some of the other key team members for short-term rentals?
Are there tools that she uses to leverage her time and for revenue management?
How did she structure her partnerships?
What are some big lessons that she had to learn in this market?
How does she roll her cash flow from short-term rentals into long-term rentals?
Is she buying properties right off the MLS that are ready to go?
What is Avery Carl’s goals and are there loans on the properties?
Stay away from syndicators that want you to take a course before you invest with them.
How is she able to help potential investors succeed?
What type of time investment is Avery typically making?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Avery Carl: Linkedin
Avery Carl’s Email: info@theshorttermshop.com
The Short-Term Shop: theshorttermshop.com
Book: Cash Flow Quadrant by Robert T. Kiyosaki

Stay At Home Mom Soars To $2 Million Portfolio with Erin Helle

Neil and Brittany Henderson — Wed, 12 Feb 2020 06:00:00 -0500

Erin Helle – Founder & CEO of BC Global Investments and Real Estate Investor who has built up a portfolio valued over $2 million and cash-flowed at over $6000 a month in her first year. Erin is also a mom who served in the U.S. Army for 12 years. Erin shares her first real estate investment experience all the way to building up her lucrative portfolio. Find out how she balances her investing with being a mother of two young girls.

Post-Interview Analysis

Key Lessons Learned: Make a strategic plan and ask yourself what you want your life to look like.
How did they acquire their knowledge or what knowledge did they need to acquire? The things that you think are barriers of entry really aren’t.
How much money did it take to get started? Her first property cost $220,000 and put 20% down and all in it was about $60,000-$64,000.
How much time does it take now? She spends about 20 hours a week.
Could they do this strategy from anywhere in the world? Probably yes because she is in California and her investments are mostly in Tennessee.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
Neil introduces Erin Helle.
What has propelled Erin Helle to being a stay-at-mom and towards real estate?
What were the numbers on her very first real estate deal?
Knowing what she knows now, would she do a similar deal?
Does her mortgage payment include taxes?
Are her tenants also in the military?
What were then numbers on her second investment?
How did she finance her deal?
How did she go about finding good contractors?
How is she managing day-to-day contractors?
How many flips does she have at the moment?
How is she finding her flip properties?
She talks about the pros and cons of buying a property with her retirement account.
What is her goal for corporate rentals?
Is she a standard operations procedure type of person?
Erin discusses how she has benefitted from mentors.
What advice does she have regarding paying a coach?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Erin Helle: Linkedin
BC Global Investments: bcglobalinvestments.com

How to Transition from Long-Term to Short-Term Rentals with Clint Harris

Neil and Brittany Henderson — Thu, 06 Feb 2020 08:00:00 -0500

Clint Harris – Real Estate investor for over a decade with his wife, starting with long-term single-family home investing but have since transitioned into short-term rentals, including their own house on the beach. Clint Harris discusses micro-listings, using an FHA loan, past choices he would do differently now, acquiring data, and what he is doing in the short-term rental space.

Post-Interview Analysis

Key Lessons Learned: They looked into the reviews and what the best renters were doing in the short-term rental space in his area. He is working to scale the business by creating in-house operations.
How did they acquire their knowledge or what knowledge did they need to acquire? He read books and really used mentorship.
How much money did it take to get started? They were all in on the property for $390,000 and came to the table initially with $60,000 including the down payment and expenses.
How much time does it take now? Once everything is set up but once it is up and running it is around 30 minutes a week.
Could they do this strategy from anywhere in the world? He is able to do this from anywhere.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
Clint Harris started his real estate investing with a house hack of a duplex in Columbia, South Carolina.
Why did he stop building up his long-term single-family home portfolio?
He used an FHA loan with about $5000-$7000 down and some remodeling.
Were there any decisions he would have done differently?
Was he buying properties at market value?
What are some things he has learned?
There are way more ways to learn from other people’s mistakes than there were 10 years ago.
Short-term rentals are very market-specific so Clint did a lot of research.
How did he acquire his data for the top-listed item purchases for things like mattresses?
What are Clint’s thoughts on micro-listings?
Does AirBnB do automatic micro-listings?
What are Clint ‘s growth current goals?
Has he thought about doing any co-hostings?
Clint wants to build his real estate portfolio in a way that he can do it from anywhere in the world.
What are the differences in expenses for long-term rentals and short-term rentals?
Working
What does he find as the most frustrating element of his investment work?
What was the key piece of knowledge that made him successful?
Clint Harris has a book on short-term rentals.
Does he have any advice for anyone getting into this space as a parent?

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
Clint Harris: Facebook

Live-In Flips and 1500 Days to Financial Freedom with Mindy and Carl Jensen

Neil and Brittany Henderson — Wed, 29 Jan 2020 06:00:00 -0500

Carl Jensen – Creator of the blog 1500Days.com and Mindy Jensen – Co-Host of Bigger Pockets Money podcast talk to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Find out how Carl and Mindy Jensen created financial freedom before the age of 50, making changes in their lives to engineer that freedom, and their experiences of living in the properties that they sell. Post-Interview Analysis

Key Lessons Learned: Look at what you are buying and plan it out towards your end goal and work backwards. Always have multiple exit strategies. Talk with your significant others about your goals.
How did they acquire their knowledge or what knowledge did they need to acquire? They did research, read books, watched YouTube videos, and learned by doing.
How much money did it take to get started? They went in with a traditional mortgage but they didn’t get into the specifics of it.
How much time does it take now? They appear to be working full-time. Mindy is a real estate agent and she works for Bigger Pockets. Carl is working on the flips and they own a co-working space. It is what they love so it doesn’t totally feel like work.
Could they do this strategy from anywhere in the world? Theoretically, it would be hard to do their strategy from anywhere in the world.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connect
What was it like when Carl told Mindy he wanted to retire in 1500 days?
How was Carl introduced to the idea of early retirement?
Communication and conversation are key when letting your partner know you want a career change.
What was it like moving to the same town as the home of the Mr. Money Mustache financial freedom blog?
Why did Carl decide to invest in individual real estate deals instead of individual stocks?
What does ‘live and flip’ look like?
They have been living in their properties instead of trying to flip right away.
Their holding costs are paying down their mortgage, building equity, and taking a tax deduction if they itemize their mortgage interest.
Are they using traditional bank financing to purchase their property?
They are going to try AirBnB vacation short-term rentals.
What do they do to maximize their homes for sale?
A clean house is going to show to buyers better than a cluttered house.
A good person can make a bad deal good.
When you do what you are passionate about you tend to do a great job at it and people then tend to want to pay for you it.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
1500 Days to Freedom: 1500days.com
Bigger Pockets Money podcast: biggerpockets.com
Book: How to Sell Your House by Mindy Jensen
Carl Jensen’s Email: mr1500@1500days.com

Mindy Jensen’s Email: mindy@biggerpockets.com

The Triple Tax Advantage of Health Savings Accounts with Steven Hamilton

Neil and Brittany Henderson — Wed, 22 Jan 2020 06:00:00 -0500

Steven Hamilton of Hamilton Tax and Accounting talks to Neil Henderson, the host of The Road to Family Freedom podcast. Steven Hamilton talks about the Triple Tax Advantages of a Health Savings Account. The various strategies his clients use to take advantage of this powerful wealth-building tool, plus some warnings about using it ways that perhaps the IRS didn’t intend.

The Life-Saving Power of Passive Income with AJ Osborne

Neil and Brittany Henderson — Mon, 30 Dec 2019 06:00:00 -0500

AJ Osborne – Self-Storage Investor, CEO and Founder of Bitterroot Holdings/Keylock Storage and Host of Holdings, and Host of Cash Flow to Freedom podcast from the Boise, Idaho area talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. AJ Osborne talks about the importance of achieving financial freedom, overcoming being paralyzed, the life-saving ability of passive income, insurance needs, and the self-storage market.

Engineer a Life You Love with Kim from Frugal Engineers

Neil and Brittany Henderson — Mon, 23 Dec 2019 09:00:00 -0500

Kim – Blogger for The Frugal Engineers with a guide to college planning and early retirement. Kim shares how she and her husband have transformed their careers in a way where they can work from home using geo-arbitrage, simply moving to a lower cost of living area, she can be a stay-at-home mom, how they have learned from financial mistakes, supplemental incomes, and how they are preparing for their daughter’s education.

Post-Interview Analysis

Key Lessons Learned:

Increase happiness by removing negatives instead of adding more positives. Take your time when making an emergency financial decision.

Episode Highlights:

Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/contact
What is the ‘a-ha moment’ when Kim learned about early retirement and financial freedom?
What does Kim mean by graduating from the ‘Dave Ramsey School of Thought?”
Kim discusses her and her husband’s F.I.R.E. (financial independence, retire early) status.
Kim feels her retirement began when she was able to start working from home.
How did Kim and her husband figure out their spending habits?
What is the ‘4% Rule’ and ‘The Trinity Study?’
What did their student loan debt look like?
Kim talks about her biggest financial mistakes.
When did they sell their second house?
Having supplemental income sources if needed are important to figure out as back-ups.
So many people’s identities are tied to what they do.
You connect with people much more when you talk with people about what they like to do instead of what they have to do.
What are some of the challenges of retiring early or being a stay-at-home mom?
What does Kim feel the irony of Silicon Valley is?
Working from home does present isolation issues.
Where your money goes makes a big difference.
How do Wyoming scholarships work?
Kim talks about how she is planning for her daughter’s college education.

Books and Resources Mentioned:

The Road to Family Freedom: roadtofamilyfreedom.com
The Frugal Engineers: thefrugalengineers.com
Book: Your Money or Your Life

J Martin on Building a Location Independent Lifestyle with Short-Term Rentals

Neil and Brittany Henderson — Mon, 02 Dec 2019 06:00:00 -0500

J Martin – Founder and Host of SF Bay Summit Real Estate Networking and Founder/Owner/Operator of JTM Real Estate Group, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. J Martin talks about building a location-independent lifestyle, primarily using a portfolio of short-term rentals. J also discusses how he is able to travel year-round and operate his business, why he doesn’t use HOAs, how he manages communication, and how he funds his ventures.

Post-Interview Analysis

Key Lessons Learned: Systems are the things that make businesses successful. Ask yourself how you would run your business if you were out of the area.
How did they acquire their knowledge or what knowledge did they need to acquire? He used BiggerPockets.com, networking, books, and meetups.
How much money did it take to get started? $12,500 is what it took J Martin to get started. Subleasing requires a deposit and for furnishing, he spends about $7,000 for a one-bedroom, including the fee for people to do it.
How much time does it take now? He spends 3-4 hours a week.
Could they do this strategy from anywhere in the world? Yes, he can and he does.

What you’ll learn about in this episode

J Martin talks about traveling 100% of the year.
What was J Martin’s a-ha moment about getting into real estate?
What was the first piece of real estate that J Martin bought?
What were the numbers involved in J Martin’s first real estate venture?
When did he get involved in short-term rentals?
If you believe you can, you are right. If you believe you can’t, you are right.
J talks about giving up a portion of his cash flow to pay back a loan to his partner.
How many units is he subletting?
Over ⅓ of hotel and AirBNB stays are over 30 days.
J Martin stays away from HOAs.
What are the typical sizes of his real estate purchases?
How does J Martin go about furnishing?
What does it cost on average per room?
How does he manage the communication?
Look carefully at your lease terms.
How did J Martin find his VAs?
What are some places J Martin has enjoyed traveling to?
Are there any places J Martin would not go back to?
How much time is he required to spend on this?
When he was getting started with short-term rentals, what are the things he had to learn that made him successful?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Work the System by Sam Carpenter
At Home in the World by Tsh Oxenreider

Resources Mentioned

Connect with Guest:

Website: RealEstateNomad.com
Facebook: J Martin
Instagram: Real.Estate.Nomad

*FTC Disclosure: This post may contain affiliate links. If you make a purchase after clicking on the links, Road to Family Freedom will get a small commission. We are dedicated to finding the coolest products for families looking to building financial freedom through real estate and we never recommend anything that we don’t love.

Fundamentals – You Need a Budget

Neil and Brittany Henderson — Tue, 26 Nov 2019 09:00:00 -0500

Neil and Brittany Henderson – Real Estate Investors, Founders of Summer Sky Capital, and Co-Hosts of The Road to Family Freedom podcast, cover a subject that is fundamental to achieving financial freedom, BUDGETING. Neil and Brittany talk about their past struggles with budgeting and how the software and concepts taught by Jesse Mecham in You Need a Budget have transformed their financial lives and made budgeting fun and effective.

What you’ll learn about in this episode

What you'll learn about in this episode
How Neil and Brittany budgeted in the past and why it didn't work well
Old way: Mix of envelope method and multiple bank accounts
The challenge of "post-mortem" budgeting vs. "planning" budgeting
Places were the envelope method of budgeting failed us
New way: Introducing You Need a Budget
The four rules of YNAB
Give Every Dollar a Job
Embrace Your True Expenses
Roll with the Punches
Age Your Money
YNAB allows us to use our credit cards for travel rewards without fear of over spending
How much does YNAB cost per year

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

One Small Step Can Change Your Life: The Kaizen Way by Robert Maurer
You Need a Budget by Jesse Mecham

Resources Mentioned

You Need a Budget

Connect with Guest:

Website: Summer Sky Capital
Instagram: Neil, Brittany

Adam Adams on The Power of Effective Real Estate Meetups

Neil and Brittany Henderson — Tue, 19 Nov 2019 16:33:00 -0500

Adam Adams – Multifamily Investor, Founder and Lead Strategist at BlueSprice Holdings, and Host of The Creative Real Estate Investing podcast, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Adam Adams comes from a real estate-investing family and he got started in real estate himself in 2005 and as of today, he has partnered or raised capital on seven multi-family syndications valued at over $90 million. Adam Adams talks about real estate obstacles that he overcame and learned from, creating successful meetups and getting the most out of them, and investing in multiple markets.

Post-Interview Analysis

Key Lessons Learned: The importance of meetups and how to network at them. Have systems in place to cover yourself while investing.
How did they acquire their knowledge or what knowledge did they need to acquire? Build up your mindset and your belief system.
How much money did it take to get started? He was able to get into his first triplex for no money down.
How much time does it take now? Overall, Adam works about 40 hours a week.
Could they do this strategy from anywhere in the world? Adam Adams could go away on vacation for the real estate side. But the coaching side is a passion that he would be less likely step away from for a long period of time at the moment.

What you’ll learn about in this episode

What is Adam Adams’ family’s background in real estate?
What happened to Adam on the real estate front during the 2008 recession?
Apartments are more recession-proof than single-family homes.
How big was Adam’s first property?
What is Adam’s viewpoint on asking for capital?
Adam Adams talks about growing his real estate meetups.
What tips does Adam have for finding venues for meetups?
Was there a critical skill that Adam Adams had to learn for real estate?
How much did Adam pay for his first triplex?
What does a day in his real estate life look like?
Where are most of Adam’s investments located?
Carefully research and select your investment markets.
How long could Adam be out of the country and still run his business?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Rich Dad, Poor Dad by Robert Kiyosaki
Traction by Gino Wickman

Connect with Guest:

Getting Your Real Estate Investing Journey Started with Small Deals

Neil and Brittany Henderson — Mon, 11 Nov 2019 19:09:00 -0500

During this episode of The Road to Family Freedom podcast, hosts Neil Henderson and Brittany Henderson talk about the recent purchase of their first house as a rental property, the fees involved, advice that helped reduce the risk and future real estate goals. The importance of just getting started and the challenge of momentum.

What you’ll learn about in this episode

Neil Henderson and Brittany Henderson bought a single family rental house in North Carolina.
How did Neil go about finding this property?
You need to have a trust-worthy boots-on-the-ground team when buying remote properties.
The purchase price was just over $60,000 and about $20,000 for rehab costs.
After the renovations are complete, the house can be worth between $108,000-$115,000.
What will the rent most likely be?
How much will they be able to borrow if they get a mortgage for 75% of the home’s value?
Why did they choose a single-family deal?
Why was this purchase a low-risk situation?
How many properties do they want to acquire in the next 12 months?
What makes this single-family house a good deal?
A property should rent for at least 1% of its total purchase price.
Their end goal is not to own a massive portfolio of single-family homes.
The Fannie Mae rule allows individuals to have up to 10 mortgages.

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

The Book on Rental Property Investing by Brandon Turner
Long-Distance Real Estate Investing by David Greene
Buy, Rehab, Rent, Refinance, Repeat by David Greene

Connect with Guest:

Email: neil.henderson@gmail.com
Website: RoadtoFamilyFreedom.com/connect

Jumpstarting Your Journey to Financial Independence with Whitney Hutten

Neil and Brittany Henderson — Mon, 04 Nov 2019 15:29:00 -0500

Whitney Hutten – Real Estate Investor, Founder, Consultant, Mentor, at Ash Wealth based in the Denver, Colorado Area, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Whitney got her start in real estate with turnkey properties investing. Now she is a partner in over $250 million in real estate investments, from single-family homes and mobile home parks to multi-family assisted living and self-storage. Founder at Ash Wealth, Whitney Hutton also teaches others to achieve financial independence through her coaching program.

Post-Interview Analysis

Key Lessons Learned: Have more than one property manager. You never know when your current property manager is going to stop being effective. It seems to happen to most of them.
How did they acquire their knowledge or what knowledge did they need to acquire? Whitney Hutton figured out real estate mostly from actually doing it. Dealing with lenders and property managers were key skills she learned.
How much money did it take to get started? She was able to borrow the financing and turn the equity into more money. Whitney put 20% down on 10 turnkey properties the first year with a 55% return.
How much time does it take now? Whitney still works a part-time job along with taking care of the real estate investments, which probably adds up to a full-time workweek in total.
Could they do this strategy from anywhere in the world? She can do it from anywhere in the world.

What you’ll learn about in this episode

What was the ‘a-ha’ moment that got Whitney Hutten involved in real estate?
What were the numbers like on her first house hack?
What went wrong on Whitney’s second house?
How soon did Whitney purchase a rental condo?
Whitney discusses commercial lending.
What was involved in the growth Whitney achieved 10 properties in her first year?
Whitney’s core turnkey markets have been Indianapolis and Kansas City.
How did she go about building her team on the ground?
Whitney explains the syndication deal structures.
What things did Whitney need to learn that she didn’t know when she was getting started?
What can clients expect to learn in Whitney’s coaching program?
Which sort of systems does Whitney utilize?
They discuss the importance of having multiple property managers for scale.

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Connect with Guest:

Website: Ashwealth.com
LinkedIn: Whitney Hutten

Escaping the Tenant Trap with Self-Storage with Tim Puffer

Neil and Brittany Henderson — Mon, 28 Oct 2019 15:20:00 -0500

Tim Puffer – Self Storage Investor in Lansing, Michigan and Managing Member of Focus REI, who also has experience in the insurance and risk management industry, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Tim discusses how he transitioned from house hacking to investing in self-storage, how he learned and found financing, and what an average day in his life looks like to keep business running smoothly.

Post-Interview Analysis

Key Lessons Learned: Just jump right in and learn while you go and be ok with pivoting if things aren’t right for you. Remember who your ideal type of tenants are.
How did they acquire their knowledge or what knowledge did they need to acquire? A lot of what Tim learned was by doing and watching YouTube. He also took the Scott Meyers 3-day course.
How much money did it take to get started? The storage facility cost $1.3 million and required 20% down, which came to putting about down $260,000. He didn’t discuss how much of that amount he specifically contributed.
How much time does it take now? Tim’s wife manages the facility. Neil’s and Brittany’s guess is probably a few hours a day spread out over the course of a day.
Could they do this strategy from anywhere in the world? Right now it is a little bit location dependent.

What you’ll learn about in this episode

What was Tim Puffer’s a-ha moment about getting into real estate?
What was the first piece of real estate that Tim bought?
How much rehab did Tim have to do and what was the total cost?
Did he buy that initial property cash or with financing?
What lessons did he learn from his duplex investment?
Is there anything Tim would do differently if he was starting all over again?
Did he have any construction or handyman background before he started?
How did Tim Puffer go from house-hacking to self-storage?
How did he find his first self-storage deal?
Tim gives a description of his self-storage property.
What was involved in the financing of the self-storage facility?
Did he have to raise any capital to cover rehab costs?
Did his partner have any experience in self-storage?
What was Tim’s experience with a recourse loan?
Does TIm utilize onsight management or automated management?
Does he rely on his website or does he use a kiosk?
What does a day in the life of a self-storage investor look like?
Does he think that he will go outside Michigan at some point?
How long does he think he could be away from the facility and still have everything working smoothly?
Is the facility open 24 hours?
When he purchased it, was it stabilized?
What advice would he have for a retired landlord?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Rich Dad, Poor Dad by Robert Kiyosaki

Resources Mentioned in the Show

Scott Meyer’s Self Storage Investing Training

Connect with Guest:

Email: Tim@Focus-REI.com
Website: Focus-REI.com
LinkedIn: Tim Puffer

Building a Job-Free Lifestyle with Turn Key Rentals with Ali Boone

Neil and Brittany Henderson — Mon, 14 Oct 2019 12:00:00 -0500

Ali Boone – Lifestyle Entrepreneur, Real Estate Investor specializing in turnkey rentals at Hipster Investments, with a Masters Degree in both Aerospace Engineering and Spiritual Psychology Investments, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Ali Boone shares the lessons she learned from losing $40,000 on her first deal and becoming extremely successful thereafter, how to properly approach turnkey rentals, how she established Hipster Investments, and she talks about her book, Not Your How to Guide to Real Estate Guide to Investing: Life Lessons on Hacking Your Mind Before You Hack Your Wallet.

Post-Interview Analysis

Key Lessons Learned: Manage people, not properties. Take responsibility for your own due diligence.
How did they acquire their knowledge or what knowledge did they need to acquire? Ali Boone read a lot of books about real estate. She also got experience by losing money earlier on.
How much money did it take to get started? Ali spent $40,000 on her first investment. Then for her first turnkey, she spent $10,000 cash down, some closing costs, and a $55,000 mortgage.
How much time does it take now? Ali has constructed her life to do whatever she wants when she wants. She spends as little as an hour a year on her turnkeys that are running, with an upwards of 6 hours.
Could they do this strategy from anywhere in the world? Yes.

What you’ll learn about in this episode

What was Ali’s ground-breaking ah-ha moment in real estate?
Were there any lessons that Ali learned in her first deal?
When you invest in other countries you run the risk of not having protections.
How did she get into the turnkey market?
What were the advantages of taking on an investment partner?
What are some of the risks of a turnkey?
How do you go about vetting turnkey providers?
What is the premise of Hipster Investments?
What will make or break you as an investor?
Ali talks about her book: Not Your How to Guide to Real Estate Guide to Investing: Life Lessons on Hacking Your Mind Before You Hack Your Wallet
How does Ali select the market to invest in for turnkeys?
What is her advice about property managers?
Get your systems in place before you start to scale?
How do you vet tenants as a landlord?
How much time does she typically spend on Hipster Investments?
What other kinds of systems does she have in place?
What is the scariest thing she has ever done for fun?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Free eBook Turnkey Rental Properties 101: The Definitive Guide to Buying Hands Off Rental Properties by Ali Boone

Connect with Ali:

Twitter: @aliboonedotcom
Website: Hipster Investments
LinkedIn: Ali Boone

How to Build a Portfolio of 52 Single Family Rentals with Chris from StealthyRich

Neil and Brittany Henderson — Mon, 07 Oct 2019 12:00:00 -0500

Chris from Stealthy Rich – Real Estate Investor talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Chris has built a portfolio of 52 rental properties so far since 2013 with his partner, which has made them financially independent.

Post-Interview Analysis

Key Lessons Learned: The rent-to-price ratio for evaluating deals and needing to complement your partners’ skills in a partnership to have different talents that are useful.
How did they acquire their knowledge or what knowledge did they need to acquire? Trial and error and gaining experience are how he learned how to evaluate rehab costs.
How much money did it take to get started? His first property with his partnership cost $25,000, and he came with $6,000. He built business relationships with hard money investors.
How much time does it take now? He spends about 3 hours a week for repairs and dealing with tenants. Maybe 3-10 hours a week total.
Could they do this strategy from anywhere in the world? Right now they can’t do it from anywhere due to the hands-on property management component.

What you’ll learn about in this episode

What was Chris’ ground-breaking big idea moment in real estate?
How did he learn about real estate?
What helped Chris get over the fear of the first deal?
What move did Chris make after buying his first house?
Chris talks about getting his 52 properties with portfolio lenders.
What areas is Chris investing in?
What are the challenges of having partners?
How can you find a partner if you are just starting out?
Is he still buying in this current market?
What does a typical deal look like to Chris?
Does he use direct letters directly to owners?
Does he only buy cash?
How does he calculate the costs associated with properties?
Does he do his own property managing?
Never tell a tenant that you own the property?
Does he have important systems he uses?
Does he use separate bank accounts for each property?
What is good to know regarding tenant screenings?
How does having a family impact his work?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Rich Dad, Poor Dad by Robert Kiyosaki

Connect with Guest:

Instagram: @thestealthyrich
Website: thestealthyrich.com

Diversifying your Real Estate Portfolio Using Syndications with Lane Kawaoka

Neil and Brittany Henderson — Tue, 01 Oct 2019 13:04:00 -0500

Lane Kawaoka – Owner of over 2600 rental units, Leader of the Hui Deal Pipeline Club, which has acquired over $155 million of real estate by syndicating over $15 million of private equity since 2016, and Host the Simple Passive Cash Flow podcast, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Lane discusses working with turn-key operators, investing in mobile homes, and diversifying with syndications.

Post-Interview Analysis

Key Lessons Learned: Find easier jobs that don’t take too much of your time so that you can focus on real estate.
How did they acquire their knowledge or what knowledge did they need to acquire? He listened to podcasts and read some books and bought some turnkeys.
How much money did it take to get started? His first property was an A-class rental $350,000 purchase price in 2009.
Could they do this strategy from anywhere in the world? Lane created his lifestyle where he can run his business from his inbox.

What you’ll learn about in this episode

How did Lane Kawaoka get started in real estate and what was the first property he bought?
Did he come down with a 20% down payment?
Where did he live after renting out his first house?
What lessons did he learn from his first property?
How did Lane get involved in turn-key properties?
What doesn’t he like about 1031 Exchanges?
Did he work with a single turn-key operator?
Was he an accredited investor?
What ways does he diversify with syndications?
What is Lane’s basic investment philosophy?
How is he using infinite banking?
Lane compares high-net-worth jobs to investing in real estate for extra money.
What does his passive investor accelerator group offer?
What tips does Lane Kawaoka have to offer?
Does Lane have any kids?
Does he have any systems that keep him on track?
Does he outsource anything?
What advice would he have for someone just starting out?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Books and Resources Mentioned

Getting Things Done: The Art of Stress-Free Productivity by David Allen
The Millionaire Real Estate Investor by Gary Keller

Connect with Lane:

An Aussie’s Journey to Multi-Family Syndication with Reed Goossens

Neil and Brittany Henderson — Wed, 18 Sep 2019 12:00:00 -0500

Reed Goossens – Real Estate Syndicator, Entrepreneur, Investor, Co-Founder of Wildhorn Capital, Author, and Podcast Host of Invest in the U.S. talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Reed Goossens, with his partner Andrew Campbell, own Wildhorn Capital can control over $175 million in multi-family properties. Reed has a new book called Invest in the US: The Ultimate Guide to US Real Estate. Originally hailing from Australia, Reed Goossens has been living and investing in the United States since 2011 and shares his journey in real estate.

Post-Interview Analysis

Key Lessons Learned: Where you are now is paved by the bumps and bruises you acquired on your path to where you are now. Keep your eye on the idea of scale. A lot of things in real estate get easier when you operate at scale.
How did they acquire their knowledge or what knowledge did they need to acquire? Reed read a lot of books and attended a lot of real estate networking events.
How much money did it take to get started? His first property cost $38,000 and he put $10,000 into it.
How much time does it take now? It is a full-time job, but he controls his time.
Could they do this strategy from anywhere in the world? It is location-independent from anywhere with internet access and from his phone.

What you’ll learn about in this episode

Reed Goossens discusses purchasing his first property for $38,000.
Was he able to finance deals after his first cash purchase?
Did Reed sell his properties to move to the next step?
Were there any big failures in the early days?
What led Reed to shift from residential to commercial?
Did he go straight into the syndication team when he started?
How did he find his partner and what advice does he have for syndicators?
Have there been any changes he has had to adjust to for multi-family dwellings?
How does a syndicator make money?
What is his perspective on being an immigrant investor?
Are there any advantages that foreigners have as investors?
What skills does Reed Goossens recommend having?
Are there any books that Reed found value in?
Don’t just learn. Take action.
One ‘yes’ can change your life.
If you can’t back yourself then who can you back in life?
Would he do anything over differently?
What does he love about real estate?
What is his most high-valued task?
Can Reed work remotely?
What advice would he have for someone getting started in real estate?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Investing in the U.S.: “The Ultimate Guide to U.S. Real Estate” by Reed Goossens
The 4-Hour Work Week by Tim Ferriss
Key Person of Influence by Daniel Priestley
Principles: Life and Work by Ray Dalio

Connect with Reed:

Website: Wildhorn Capital
Website: ReedGoossens.com
LinkedIn: Reed Goossens

How to Build a Six-Figure Annual Income Using Short Term Rentals with Michael Sjogren

Neil and Brittany Henderson — Mon, 09 Sep 2019 12:00:00 -0500

Michael Sjogren – Company Owner of Short Term Rental Secrets at STRSecrets.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. He has built a portfolio of short-term rentals of over $100,000 a year in cash flow. He is also educating people on how to do it themselves over STRSecrets.com. Learn how a past family crisis became the catalyst to get involved in real estate, and ultimately maximizing his Airbnb rental opportunities.

Four Key Take-Aways from this Episode

Key Lessons Learned: Systematization. The key to success in short term rentals is to build systems that allow the business to run with minimal input from you the owner. Work On your business, not IN your business.
How did they acquire their knowledge or what knowledge did they need to acquire?
Michael spent about $5,000 to enroll in a mastermind and take courses.
How much money did it take to get started?
It took about $65,000 to get up and running on his first property that cost about $200,000 to buy and renovate, and $10,000 to furnish.
How much time does it take now?
He spends under 2 hours a week when he is not setting up a new property.
Could they do this strategy from anywhere in the world?
He could really do this from anywhere with a virtual assistant and team members.

What you’ll learn about in this episode

Michael Sjogren discusses writing where he wanted to be in five years.
How did he find his first deal and did it need rehabbing?
He purchased his first property for $177,000 and put $25,000 into it.
How hard was it to know what to put into the property?
You can be the Walmart, Target, or Nordstrom of your market.
Did Michael Sjogren pay cash or take out a loan for the property?
How did his son’s health give him the confidence that everything would work out with real estate?
Airbnb is a review-based business.
Are there any rules of thumb that Michael Sjogren goes into when looking for a property?
How do you research to make sure a short-term rental property is allowed in the area?
How did he go about getting himself educated?
How can people contact Michael Sjogren?
What strategies does he use to buy properties?
Operate with integrity or you won’t be operating long.
What does a day in the life as a vacation rental manager look like?
What types of software and services does he use?
Michael shares some security advice.
Are there any team members or systems he uses?
How does he handle cleaning and maintenance?
What should you know about turnover between guests?
Is there a fear of party houses?
What security camera does he favor?
How far are his properties from him?
Does he think he could do this from a cruise ship from anywhere in the world?
How does customer issue resolution get handled?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Rich Dad, Poor Dad by Robert Kiyosaki
E-Myth: Revisited by Michael Gerber

Resources Mentioned in the Show

Connect with Guest:

Website: STRSecrets.com
Facebook: The AirBnB Guy
Instagram: The AirBnB Guy

Recession-Proof Real Estate with Hunter Thompson

Neil and Brittany Henderson — Mon, 02 Sep 2019 12:00:00 -0500

Hunter Thompson – Full-time Real Estate Investor, Managing Principal at Asym Capital, a private equity firm in Los Angeles, Host of Cash Flow Connections Real Estate Podcast, Member of Forbes Real Estate Council, and Investor in Thrive Market talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Hunter has helped more than 250 investors to allocate capital to over 100 properties. Hunter discusses recession-resistant asset classes, low-to-value ratio, and protecting for downside risk.

Three Key Take Aways from this Episode

Hunter Thompson has raised over $20 million in private capital and controls over $60 million in commercial real estate.
Recession-resistant asset classes include the mobile home park business and self-storage facilities.
The average social security check is about $1,300 a month and the average 2-bedroom apartment rents for about $1,200 a month.

What you’ll learn about in this episode

Hunter discusses how he got involved in real estate.
What is Hunter’s definition of ‘financial freedom?’
Why is the 2010 European financial crisis so critical?
How did Hunter educate himself in the real estate market?
How long did it take to get to his first big real estate deal?
Which asset classes does Hunter believe are recession-proof?
What is a good loan-to-value ratio for Hunter Thompson?
Hunter discusses his investor portal.
Who are most of his tenants?
Could Hunter run his business from anywhere in the world?
How does he protect for downside risk?
What is the most critical skill someone would need in his real estate niche?
Does he get more value from networking events or his podcast?
Is there anything that Hunter would do differently?
What advice would he give to someone who has a family and looking into real estate?
What were the take-aways that Neil and Brittany gained from Hunter Thompson?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Resources Mentioned in the Show

The Road to Family Freedom: roadtofamilyfreedom.com
Cashflowconnections.com
Cash Flow Connections Real Estate Podcast

Connect with Hunter:

Website: Asym Capital
LinkedIn: Hunter Thompson

How to Build Passive Income Rehabbing Mobile Homes with Danny Burbol

Neil and Brittany Henderson — Mon, 26 Aug 2019 12:00:00 -0500

Danny Burbol – Company Owner of MoveFastLV.com and Head Instructor at GrowWealthWithin.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Danny made the transition from being a 9-5 employee to living full-time off of passive income at age 38 with real estate, after 13+ years of self-education, risk-taking, and investing for cash flow. Danny talks about his training business to build up investors he can partner with, doubling his investment portfolio, and also tips on gaining reliable mentorship.

Three Key Take-Aways from this Episode

Within two years of investing in mobile homes, Danny went from having $1,500 cash flow from five real estate units to having $7,000 a month cash flow from all the mortgages he was creating with mobile homes.
Owner Will Carry means that you get to be the bank and become a lien holder for those looking for a mortgage loan and they become the owner.
Whatever deal you do, if one person is going to lose, don’t do it.

What you’ll learn about in this episode

Danny Burbol discusses his history in real estate.
What is the vehicle that allowed Danny to stop working a 9-5 job?
How does Danny make money from mobile homes?
How did Danny get educated?
Why does Danny deal with ‘double-wide’ mobile homes?
Paying a mentor is a scary concept, so if you can, pay for results.
Was there any mobile home investing books that he learned from?
Borrowing money costs money.
Owning a mortgage note is a depreciating investment.
What is a day in the life like in acquisition mode?
Making a checklist is crucial.
What advice would Danny give to mobile home investors?
What were the takeaways that Neil and Brittany gained from Danny Burbol?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Connect with Danny:

Value Add Multifamily and Student Housing with Jeff Greenberg

Neil and Brittany Henderson — Mon, 19 Aug 2019 12:00:00 -0500

Jeff Greenberg – CEO and Managing Member of Synergetic Investment Group based in the Greater Los Angeles area, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Jeff has invested in a $20 million multi-asset portfolio, consisting of over 800 units. The Synergetic Investment Group currently controls over 300 student housing beds and properties in Georgia, Arizona, and Ohio. SIG focuses on value-add student housing and market-rate multifamily, and senior living multifamily properties.

Three Key Take-Aways from this Episode

Value adds for commercial properties include: increasing occupancy, fixing things to increase rents, charging for covered parking, garages, storage units, billing back utilities, or doing more efficiencies to reduce expenses.
Five units or more qualifies a property as a commercial property when you are getting a loan.
The differences between multifamily and student housing include property management, different marketing to reach students, on-campus events, the timing window for student housing.

What you’ll learn about in this episode

Jeff Greenberg discusses his history in real estate.
What does “value add” mean?
How did Jeff’s first multi-family property perform during the recession?
How did Jeff finance his first deal?
What amount of units qualifies a property as commercial?
Where is real estate taking Jeff Greenberg?
How did Jeff go about getting himself educated about real estate?
Does Jeff share a renovated college property that he had to change the reputation of?
What are the differences between multi-family and student housing multi-family?
What unit arrangements are usually most desirable for students?
Does Jeff ever use short-term rentals to fill in times for student rental units?
How much time does Jeff Greenberg spend on real estate?
Are there any systems that he uses to automate his business?
Is finding a place on a strong team a good place to start?
What elements does Jeff assess to rate the value of a property?
The mental game for real estate is the most important thing because it is easy to give up.
What resources does Jeff Greenberg recommend?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Connect with Jeff:

Email: jeff@synergeticig.com
Website: synergeticinvestmentgroup.com

Multifamily Real Estate Investing with Rob Beardsley

Neil and Brittany Henderson — Mon, 12 Aug 2019 12:01:00 -0500

Rob Beardsley – Co-Founder and Principal of Lone Star Capital Group in New York City, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Rob Beardsley, who has a long family history in real estate, discusses his journey creating financial freedom with multi-family investing and how to establish successful multi-family syndication.

Three Key Take Aways from this Episode

It takes passive cash flow to achieve lasting family wealth.
Get mentors and learn from jumping in and gaining experience.
For multifamily syndication, you need underwriting and analysis, deal sourcing, proper balance sheets, on-site workers, bringing on partners, and investor relationships to raise capital.

What you’ll learn about in this episode

Rob Beardsley discusses his history in real estate.
What is Rob Beardsley’s ideal destination?
How did Rob go about getting himself educated?
How did Rob finance his first deal?
How does multi-family syndication work?
What drew Rob to invest in the Houston market?
How much time per day does he spend on real estate endeavors?
Does he have any systems that help him automate his business?
How does he go about underwriting and qualifying his own deals?
Does he invest locally in the Bay Area?
How often does he visit his properties?
What is the most critical skill for getting involved in multi-family syndication?
Is there anything that Rob Beardsley would do differently?
What advice would he give to those looking to invest and have a full-time job and a family?
What has he found to be the best source for passive investors?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Connect with Rob:

How to Build a Short Term Rental Brand with Michael Hamilton

Neil and Brittany Henderson — Tue, 06 Aug 2019 12:00:00 -0500

Michael Hamilton – Founder of Live Swell Beach Bungalows in the Kill Devil Hills area of North Carolina, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Michael Hamilton, whose book “Vacation Rental Confidential” comes out on July 29th, 2019, discusses how he got involved in real estate and what it takes to run vacation rentals.

Three Key Take Aways from this Episode

A second home loan works is a lot like a conventional loan because you can put down as little as 10% as a down payment.
Proper accounting and the cost of property supplies are often overlooked in vacation property expenses.
Time is our most valuable non-renewable resource.

What you’ll learn about in this episode

How did a surfer like Michael Hamilton get involved in vacation rental real estate?
What was Michael’s first real estate deal like?
How did Michael find his first deal?
What is the financial model that Michael uses to buy a property?
What kind of expenses do people typically not think about when they go into vacation rentals?
What is it like for a vacation rental owner that has not built a system-based business?
A business is not sustainable if one person always has to be there.
What does Michael Hamilton’s system look like?
What is the role of the property inspector?
How did Michael get educated in real estate investing in the beginning?
What is the most critical skill for a short-term vacation renter to have?
How long did it take to acquire his first real estate deal after training with Fortune Builders?
Michael discusses Visio Lending programs.
What does a day in the life of a vacation lender look like?
How does Michael feel about government regulations for vacation rentals?
Are there any systems Michael uses to help him price?

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Vacation Rental Confidential by Michael Hamilton
E-Myth: Revisited by Michael Gerber
E-Myth: Real Estate Investor by Michael Gerber
Who by Geoff Smart

Resources Mentioned in the Show

Connect with Fernando:

Real Estate Wholesaling, Self-Storage, and Airbnb Arbitrage with Fernando Angelucci

Neil and Brittany Henderson — Mon, 29 Jul 2019 11:35:00 -0500

Fernando Angelucci – Founder of Titan Wealth Group, talks to Neil and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Fernando shares information about how he got involved in real estate with very little money, what it took for his expansive growth, how he makes income with real estate wholesaling, as well as using the Airbnb arbitrage model, and investing in self-storage facilities.

Three Key Take Aways from this Episode

In marketing, you have to touch a potential client, 7-12 times before they’re willing to do business with you.
As a wholesaler, it is vitally important to learn how to estimate rehab costs. If you don’t know how to estimate rehab costs, get in touch with a good contractor to help you.
Hire team members as soon as able, starting with an acquisition manager.

What you’ll learn about in this episode

What was Fernando Angelucci’s strategy when he started with real estate?
What is real estate wholesaling?
How many properties and buyers does Fernando Angelucci tend to deal with?
Where is the destination that real estate is taking Fernando Angelucci?
How much knowledge did it take Fernando before he started with wholesaling?
How long did he stay with his mentor before striking out on his own with first wholesaling property?
How much time does Fernando Angelucci have to spend on wholesaling each day?
What systems has he developed to keep things moving smoothly?
What type of team does Fernando have?
How long can Fernando get away from his business at a time?
What elements are key to wholesaling?
What types of routines are part of Fernando’s growth?
Fernando talks about going from being a landlord to adding self-storage and Airbnbs to his business.
How much is Fernando netting per door with the Airbnb arbitrage model?

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Recommended Books

Never Spilt the Difference by Chris Voss
Traction by Gino Wickman
E-Myth: Revisited by Michael Gerber
E-Myth: Real Estate Investor by Michael Gerber
Miracle Morning by Hal Elrod

Resources Mentioned in the Show

AirBnB

Connect with Fernando:

How to Retire Early and Build a Business Around Travel with Lee Huffman

Neil and Brittany Henderson — Mon, 22 Jul 2019 12:00:00 -0500

Lee Huffman – Former banker, writer who writes about early retirement, credit cards, and travel, and host of the We Travel There podcast, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Lee Huffman shares information about buying his first homes, delayed financing, how he built his real estate team, what we should know about interest rates, and his websites WeTravelThere.com and BaldThoughts.com.

Three Key Take Aways from this Episode

Lee has a total of 9 single family homes in his portfolio now.
As your equity goes up, your actual return-on-equity goes down.
Spending 8-10% of profit on property managers is money well spent to free up time.

What you’ll learn about in this episode

Lee shares how he got into real estate investing.
What inspired his investments in single family homes in North Carolina?
Where is real estate taking Lee now?
What is Lee’s overall goal in real estate?
Is return-on-equity a calculation that Lee takes into account?
How did he go about educating himself when he started in real estate investing?
How does the “delayed financing” program work?
How much time does Lee spend each week working on real estate?
Are there any systems that help Lee automate his business more?
What types of team members does he have?
How did he go about building his team?
How long would he feel comfortable stepping away from his business?
What should investors know about interest rates?
Is there anything that Lee would do differently in his real estate career?
Your credit has to be good to invest.
Lee talks about WeTravelThere.com, BaldThoughts.com and his book.

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Tweetable Topics:

Connect with Lee:

Email: lee@baldthoughts.com
Website: BaldThoughts.com

The Difference Between Investing and Speculating with Paul Moore

Neil and Brittany Henderson — Mon, 15 Jul 2019 12:00:00 -0500

Paul Moore – Founder and Managing Director at Wellings Capital, sat down with us to talk about his “How to Lose Money” podcast, how he donated his way out of some crushing debt, how he got involved in real estate and creating Wellings Capital, and discussed his company’s social responsibility goals to help stop the global human trafficking epidemic.

Three Key Take-Aways from this Episode

Think ahead to your life when you want to stop working and create multiple passive income streams that will support that life.
Build in a margin of safety for whatever it is you do, whether it be investing or driving to the church on Sunday. Plan for as many things to go wrong as you can think of and confirm that things will still be ok if several of them comes to pass.
Find experienced operators to partner with, preferably ones with a long track record of success through at least one market cycle.

What you’ll learn about in this episode

Paul Moore shares how his career has changed over the years.
What is the destination that Paul wants real estate to take him?
What is the general correlation between health and not working?
Paul’s company is offering a significant amount of its profit to stop human trafficking.
ExodusCry.com created a documentary about human trafficking called Nefarious.
How did Paul Moore get himself educated in real estate?
Try to find mentors that have lived through several recessions.
What should we know about the margin of safety?
What is Paul Moore’s riches to rags to riches again story?
How does Wellings Capital go about financing their deals?
What is the difference between syndication and a fund?
How much does Paul spend on real estate endeavors these days?
What are Paul’s highest return on investment activities?
What is Paul Moore’s “How to Lose Money” podcast about?
It is important to know we aren’t alone in failures and that there is hope.
What helps Paul with efficiency in his business?
Does Paul visit the properties he invests in?
Know the difference between investing and speculating, have discipline and be accountable.
A lot of people work harder than they need to and earn less than they could be.
What advice would Paul give to new real estate investors?

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

ExodusCry.com

Tweetable Topics:

Investing is when you’ve got a fairly protected principal, and you have a chance to make a profit. Speculating is when your principal is not at all safe, and you have a chance to make a profit. ~ Paul Moore

Tweet This

When the tide goes out, we’ll know which swimmers have no bathing suits. – Paul Moore

Tweet This

Connect with Paul:

Email: paul@wellingscapital.com
Website: Wellings Capital

How to Invest Passively in Apartments, Self Storage, and Mobile Home Parks with David Thompson

Neil and Brittany Henderson — Mon, 08 Jul 2019 12:00:00 -0500

David Thompson sits down to tells us about his journey from the corporate tech world to raising over $46 million in capital for real estate syndications.

David Thompson has extensive experience in real estate investing in both domestic and international projects covering single-family, multi-family, and land development. He earned his MBA in finance from Thunderbird School of Global Management at Arizona State University. After spending over 20 years in high-tech management positions at Dell, AT&T, and Lucent Technologies, David left the corporate world to start Thompson Investing and has raised significant private equity capital. He helped provide investor funds to purchase over 2000 apartment units worth over $180M. He’s also funded self-storage and mobile home parks.

What you’ll learn about in this episode

How David got started buying residential real estate investment property in Austin, TX.
Leaving his corporate job to begin working with investors helping them invest in commercial real estate.
What is real estate syndication? The pooling of investor capital to buy a larger asset that they couldn’t buy on their own.
What is value add real estate investing?
How they add value to apartment communities.
The struggle of balancing growth with the lifestyle he’s trying to build for himself and his family.
Every investor you bring into a deal is a customer service job.
How he grew his investor base from his corporate job and his wife’s Chinese nationality.
How he got himself educated with real estate syndication and investing in apartment communities.
The steps for building out your syndication business.
Overcoming a lack of money when starting out in real estate.
How to overcome a lack of experience by partnering with those with experience.
The number of hours and kinds of tasks he needs to do as a syndicator.
Tools he uses to communicate and manage relations with his investors.
The importance of diversifying across asset class (niche), geography and operator (asset manager).
The factors that make him comfortable investing in the Texas market.
How to get started in real estate by finding a role on a team with more experienced investors.
Why investing in apartment communities typically has less risk than investing in the stock market or single-family rentals.
Different ways you can start investing actively in real estate syndications by helping experienced operators with different roles.

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

BiggerPockets.com
MailChimp.com

Books Mentioned in the Show

Strengths Finder 2.0 by Tom Rath

Tweetable Topics:

Syndication is the pooling of investor capital to go buy something that’s hard to do on your own. You don’t have the expertise, you don’t have the time...instead of trying to do it on your own, why don’t you partner with others who know what they’re doing? ~David Thompson

Tweet This

...in 2009 when we had the Crash, only 1 out of 200 apartment owners were delinquent on their mortgage. Meanwhile, 1 in 5 single family home owners were delinquent on their mortgages. ~David Thompson

Tweet This

Connect with [Guest]:

Email: david@thompsoninvesting.com
Website: ThompsonInvesting.com

How to Achieve Family Adventure using Self Storage with Erik Hemingway

Neil and Brittany Henderson — Mon, 17 Jun 2019 12:00:00 -0500

Erik Hemingway has an amazing story of what’s possible using the power of real estate investing. In 2008, Erik transitioned from a home builder to owning a self storage facility, that gave him the opportunity to go live in Costa Rica for over a year, and then transitioning to living on a sailboat in the Mediterranean for 3 years with his wife and 6 kids!

What you’ll learn about in this episode

Erik’s ‘A-Ha!’ moment in real estate
Investing in self storage units
How to finance your first real estate investment
What is a Spec House?
Why invest in self storage?
Changing real estate niches
Erik’s adventures on living on a sail boat
The art of falling down and getting back up again
Building residual income
Amount of time you should spend on Real Estate Investing
The importance of educating yourself as a real estate investor
Creating and leveraging systems to build a sustainable business
Most critical skill to develop when entering the self-storage niche
Some tips and strategies from Erik
AND many more!

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Books Mentioned in the Show

7 Simple Steps to Get From the Rat Race to Traveling by Erik Hemingway
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
The E-Myth Revisited by Michael E. Gerber
Tax-Free Wealth by Tom Wheelwright

Tweetable Topics:

The amount you get paid is not proportional to the amount that you work. That’s what you want. You want to get paid more than you work. ~Erik Hemingway

Tweet This

Connect with [Guest]:

Email: familyadventurepodcast@gmail.com
Facebook: Family Adventure Podcast Page
Website: Family Adventure Podcast | ELM Builders

Professional Passive Cash Flow Investing with Jeremy Roll

Neil and Brittany Henderson — Mon, 10 Jun 2019 12:00:00 -0500

Jeremy started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 70 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,000 investors who seek passive/managed cash-flowing investments in real estate and businesses. Jeremy is also the co-Founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 with the goal of facilitating networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 25,000 members. Jeremy has an MBA from The Wharton School, is a licensed California Real Estate Broker (for investing purposes only), and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US.

What you’ll learn about in this episode

Jeremy’s 17 years of experience as a real estate investor
Beginning with the end in mind: Jeremy’s goal in the real estate world
Being a passive investor – giving up control in exchange for diversification
Diversifying your real estate investment portfolio
Educating yourself with real estate strategy
What is an accredited investor?
Be a real estate investor with just $5,000
Ways to make passive income with real estate
Dos and Don’ts when reinvesting real estate returns
Time Jeremy spend on his real estate endeavors as a passive investor
Systems Jeremy developed to automate his business
The importance of being persistent
Geographical considerations on real estate investing
Should you visit out-of-state real estate investment properties?
The most critical skill to develop when investing passively
Some tips and strategies from Jeremy
And many more!

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Tweetable Topics:

Investing passively in real estate syndications, I give up control in exchange for diversification. ~ Jeremy Roll

Tweet This

Diversify across Asset Class, Geography and Operator. ~ Jeremy Roll

Tweet This

Connect with Jeremy:

Email: jroll@rollinvestments.com
LinkedIn: Jeremy Roll – President at Roll Investment Group
Website: For Investors By Investors

Building Passive Income Through Turn Key Rentals with Marco Santarelli

Neil and Brittany Henderson — Thu, 06 Jun 2019 12:00:00 -0500

Marco Santarelli is an investor, author and the founder of Norada Real Estate Investments a nationwide provider of turnkey investment property. Since 2004, they’ve helped thousands of people create wealth and passive income with real estate. He’s also the host of the Top-rated Passive Real Estate Investing podcast.

What you’ll learn about in this episode

Norada Real Estate Investments and how they can help you
Foundational knowledge needed in real estate investing
Taking ownership to your retirement plan
How to make sure your investment is recession-proof
Investing with the right partner/people
Passive vs. active real estate investing
Starting capital needed when investing in real estate
Is there room for creative financing with turnkey real estate investment?
Can you investment from retirement accounts?
Investing with Norada Real Estate Investments
Finding and knowing your market
Advice on protecting downside risks
3 Critical skills of a Turnkey investor
And more!

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Passive Real Estate Investing Podcast

Tweetable Topics:

Wherever you live, you have to choose a market where you’re gonna have the best opportunities in terms of growth, potential, inventory selection, cashflow & just opportunities in general. @marcosantarelli

Tweet This

Live where you want. Invest where it makes sense. @marcosantarelli

Tweet This

Speculating is a losers game, especially if you don't know how to time the market. @marcosantarelli

Tweet This

Connect with [Guest]:

Email: marco@noradarealestate.com
Twitter: @MarcoSantarelli
Instagram: [Guest Instagram]
Website: www.NoradaRealEstate.com, www.passiverealestateinvesting.com

How to Scale from 4 Single Family Rentals to $570M in Apartments with Joe Fairless

Neil and Brittany Henderson — Sun, 02 Jun 2019 19:02:00 -0500

Joe Fairless began his real estate investing journey while he was still an advertising executive in New York City. He grew his portfolio of single family rentals to four units before realizing it wasn't going to get him where he wanted to go. Shifting to large multifamily, he raised $1 million from private investors to purchase his first 168 unit apartment community, after that he was off to the races. He now controls over $572,000 worth of apartment communities in the Houston and Dallas-Fort Worth regions.

What you'll learn about in this episode

Taking the leap from single-family homes to multi-family homes
Buying single-family homes vs. an apartment community
How to overcome challenges on your investment deals
Importance of staying true to yourself
Benefits of building a real estate team
A peek at the day in the life of a full-time apartment syndicator
Joe’s system to keep himself on track
Advice for people who wants to start a multifamily venture
And more!

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Books Mentioned in the Show

Best Real Estate Investing Advice Ever (Volume 1) by Joe Fairless and Theo Hicks
Best Real Estate Investing Advice Ever (Volume 2) by Joe Fairless and Theo Hicks
Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks

Tweetable Topics:

There are ways to scale single family homes. You’ll have a portfolio of a hundred single family homes and make a lot of money. I just didn’t want to do that. @joefairless

Tweet This

Before you even think of raising money, you should look yourself in the mirror and see if you are qualified to do so and if you have the right people on your team to help you navitgate the trickey process. @joefairless

Tweet This

Connect with [Guest]:

Facebook: https://www.facebook.com/groups/BestEverShow/
Twitter: https://twitter.com/joefairless
Website: JoeFairless.com

Scaling from House Hacking to Apartments with Julie Lam and Annie Dickerson

Neil and Brittany Henderson — Thu, 30 May 2019 12:00:00 -0500

Julie Lam and Annie Dickerson of Goodegg Investments have co-syndicated 3000+ multifamily units and 1500+ self storage units, worth over $300,000,000. They focus on preserving and growing investor capital by identifying investment opportunities that are acquired and managed by experienced partners that have a proven track record of success. Through this process, investors leverage their knowledge, expertise and relationships within the multifamily apartment and self storage space.

What you’ll learn about in this episode

Julie and Anne’s journey to real estate
Real estate syndication and passive investing
Things to know about being a landlord
The purpose of GoodEgg Investments: connecting investors & syndicators
Learning real estate investing with education and networking
How to finance your first investment
The difference between active and passive investing
The story behind GoodEgg Investments and how they build successful deals
Systems that helps automate a business
Finding the right people for your team
Most important skill to have as a syndicator
Tips and strategies from Julie and Annie
AND Many more!

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Tweetable Topics:

It turns out, everybody loves the cashflow aspect of real estate investing but very few people love the landlording aspect. Annie Dickerson of @goodegginvests

Tweet This

Connect with [Guest]:

Email: annie@goodegginvestments.com, julie@goodegginvestments.com
Facebook: https://www.facebook.com/goodegginvestments/
Instagram: @goodegginvestments
Website: Goodegg Investments

Living the Life You Want Now Using Self Storage with Michael Wagner

Neil and Brittany Henderson — Mon, 27 May 2019 04:00:00 -0500

Michael Wagner started investing in small multi-family properties in 2007 just after graduating college. After 4 years of modest success, he realized his chosen strategy was not going to get him where he wanted to go fast enough so he pivoted into a different niche, Self Storage. In September of 2011, he quit his job as a Physical Therapist to take over a storage facility that was losing $2000 per month. After turning that facility around, he owns two others and is continuing to buy facilities that have a value add opportunity.

How much money did he get started with?

For his first apartment he had $5,000. For many of his other deals he needed $20,000-50,000. Michael has also leveraged other sources of money for his investments

How long did it take for him to educate himself?

It took Michael 6 month to a year. Some of that was learning and some of it was looking for deals. Investing in self storage takes a bit more knowledge than other forms of real estate investment might take.

How much time does it take him now?

He has to put in 5-8 hours a week to manage his business and spends more time on self development and looking for deals. For Michael it’s like a full-time job but it doesn’t have to be.

Could he do this from anywhere in the world?

Michael doesn’t like to spend more that two weeks away from his business but if he put systems in place he could go away for longer.

What you’ll learn about in this episode

Starting his career as a physical therapist and buying his first house
Why Michael started to considering alternatives to small multifamily rentals
What his goals are
Leaving his job and why it was the right move for him
How he learned the information he needed for investing in self storage
Financing his first self storage deal
How he is financing investments now
What value-add means in terms of self storage
His 3 pronged management system
Why Michael doesn’t use a self storage rental kiosk and what he uses instead
How he spends his time
What tasks he outsources
Where his units are located
How hands-off he can be with his businesses
His advice to people who want to invest in self storage
What changes he would make he was able to go back and start again
The problem with setting finish lines

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Tweetable Topics:

I now rely on 600 customers to pay my bills, if 10% of them go away, I’m not out on the streets. Where as, If your single employer decides you’re no longer valuable to them, now you’re in a boatload of trouble.

Tweet This

Design the life you want first, have that vision, then design a business to serve that.

Tweet This

Consistency! I’d rather have somebody look for storage facilities for 2 hours every week for the rest of their life as opposed to 30 hours a week for 6 weeks. Because they’re much more likely to have success

Tweet This

Connect with [Guest]:

Starting Bigger than You Think You Can with Commercial Real Estate with Danny Randazzo

Neil and Brittany Henderson — Thu, 23 May 2019 04:00:00 -0500

Danny Randazzo is building financial freedom for his family with a mix of commercial office space, short term rentals and large multi family syndications. He has been financially savvy from a young age and became fascinated with the idea of investing in real estate. Danny Randazzo and his wife sold everything they owned in the summer of 2016 and relocated to Charleston, South Carolina to build a real estate portfolio. Their first purchase was 2 commercial buildings for $1,000,000. Danny has continued to invest in a variety of commercial, residential, and small multifamily properties through his company Randazzo Capital. Currently Randazzo Capital controls over $8,000,000 in commercial and residential real estate.

How much money did he get started with?

A commercial property generally requires 30% down and so Danny probably started with around $300,000.

How long did it take for him to educate himself?

Danny was learning through his entire life. If you distilled down the core of what he learned you could probably get there in a year or two.

How much time does it take him now?

Managing his real estate investments is a 2nd full time job. He spends mornings, evenings and weekends working on his real estate investments. He is probably spending around 20 hours a week but with systems and outsourcing it could be less.

Could he do this from anywhere in the world?

Danny thinks it could be location dependent for about 3 months but with systems and outsourcing in place it would be able to be longer.

What you’ll learn about in this episode

Getting started by buying his first rental house
Considering the benefits of commercial real estate
Working out what properties they would need to create their goal income
Skipping the traditional route of incrementally investing in real estate
The advantages of commercial properties over family homes
Getting the funds to invest in commercial property
Their journey to being able to invest in a $1 million dollar property
How his financial savviness started in middle school
Buying his first home in California
Selling his California properties and relocating to Charleston, South Carolina
Skills he recommends learning
How he works with other investors on properties
Systems he uses to prioritize his time
How they are looking to expand to other markets beyond their local area
When they visit potential properties and how they use property managers
That finding opportunities is the biggest challenge out there and networking is key
What he would do if he had to go back and start again
Advice for people wanting to get into investing
Go bigger than you think you can go

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Books Mentioned in the Show

Rich Dad, Poor Dad by Robert Kiyosaki
Mistakes Millionaires Make by Harry Clark

Tweetable Topics:

I could buy 5 commercial properties that generate the same income as 1,000 single family homes and I’ve got 5 properties to manage and oversee. The contracts have a couple more zeros and the decimal is in a different spot but it is very much the same as owning one single family rental.

Tweet This

Looking at the Forbes 500 List...a majority of those 500 wealthiest people in America either made their wealth through real estate or use real estate to protect and maintain it. It’s a proven path, it’s repeatable and you don’t have to be a rocket scientist to figure it out.

Tweet This

Connect with Danny:

Email: dan@randazzocapital.com
Facebook: https://www.facebook.com/dannyrandazzo
Website: www.investwithdanny.com

Retiring at 30 Using Short Term Rentals with Zeona McIntyre

Neil and Brittany Henderson — Mon, 20 May 2019 04:00:00 -0500

Zeona McIntyre is earning $10-15k a month through her portfolio of vacation rental properties and her co-hosting service for other property owners. All this has afforded Zeona financial independence at a very young age, as she built her operation largely by piggybacking on the growing popularity of Airbnb. With a small team, some smart decisions, and some online tools, Zeona now manages her business from her home in Boulder, Colorado relatively hands-off.

What’s her destination?

She wanted to achieve early retirement by age 30. She is well past that, and now struggles with whether she should keep growing or just enjoy life.

How much money did she get started with?

Got started as a side hustle with very little money. She sublette the apartment she was renting as a short-term rental (rental arbitrage). While she doesn’t recommend doing that now, that’s how she got started.
Bought her first property using a private loan.

How long did it take for her to educate herself?

She learned while doing. AirBnB made it very easy to get started and she just “learned by doing”.

How much time does it take her now?

It’s not entirely passive, but you can outsource and automate things as you achieve scale, typically 3 plus properties.
Cleaning and unit turnover is where most of the work is and it’s the first thing you’ll want to outsource.

Could she do this from anywhere in the world?

Yes, as long as she had access to the internet and co-hosts in place.

What you’ll learn about in this episode

How Zeona McIntyre got into real estate investing
Where Zeona McIntyre first got started with short term rentals
How Zeona McIntyre got started with AirBNB arbitrage of the place she was renting
What's her ultimate goal?
How she educated herself on operating a short term rental
How to evaluate a property for a potential short term rental
How to finance the purchase of a short term rental without bank financing
How passive is it to operate multiple short term rentals
The negatives of being an Airbnb host
What team members do you need to hire to run an effective short-term rental business?
Tips on furnishing a short term rental
What does it typically cost to furnish a short term rental
Some of the challenges of dealing with insurance companies on short term rental properties
Zeona offers a consulting service for people interested in becoming short-term rental hosts/investors.

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Tweetable Topics:

People have this fantasy of owning a short-term rental somewhere they plan to vacation frequently. But it's better to invest in a location where it makes sense and then vacation wherever you want.

Tweet This

Connect with Zeona:

Email: zamcintyre@gmail.com

Twitter: @AdventurousZ

Facebook: www.facebook.com/adventurousz

Website: www.ZeonaMcIntyre.com

*FTC Disclosure: This post might contain affiliate links. If you make a purchase after clicking on the links, Road to Family Freedom will get a small commission. We are dedicated to finding the coolest products for families looking to building financial freedom through real estate and we never recommend anything that we don’t love.

Previewing The Road to Family Freedom

Neil and Brittany Henderson — Sun, 28 Apr 2019 21:57:00 -0500

We are a family on a journey towards financial and location independence. Tune in each week as we interview some of the most successful real estate entrepreneurs in the world about their chosen investment strategy, and rate it based on how much Knowledge it took them to get started, how much Money it took, how much Time it takes now, and how Location dependent it is.

This episode is just a short trailer to give you a taste of what our show is going to be all about.

How to Use the Same $70,000 to Buy 7 Single Family Rentals Long Distance with Alex Felice

Neil and Brittany Henderson — Sun, 28 Apr 2019 21:06:00 -0500

Alex Felice is an Army veteran who admits he woke up one day and realized he was broke because he was making bad choices with his money.

He made a commitment to educating himself about managing his money and real estate investing, and 18 months later, he bought a foreclosure that launched his investing career.

He specializes in executing the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method from long distance. In a few short years, he has built a strong portfolio of single family rentals.

What’s his destination?

His original goal was 10 single family homes paid off by retirement. He discovered he could do it a lot faster, got about 70% of the way there in two years which opened his eyes to bigger possibilities.

How much money did he get started with?

Got started with $3,000 that he used for a 3.5% downpayment to buy a foreclosure using an FHA loan.

How long did it take for him to educate himself?

About 18 months

How much time does it take him now?

His property manager allows him the option to not spend much time on this, but he chooses to spend a lot of time on it because he’s still in acquisition mode.

Could he do this from anywhere in the world?

If all he wanted to was maintain his portfolio, he could do it with one email and one phone call per month. But that’s a testament to his property manager.

What you’ll learn about in this episode

How did Alex Felice get into real estate investing?
Why did Alex Felice decide to pursue financial freedom through real estate investing?
How hard is it to get started in real estate investing?
Why it is important to set small, attainable goals
What is BRRRR investing?
How can you create equity or force appreciation in real estate investing?
How to educate yourself on the BRRRR method of real estate investing
What is house hacking? And why is it so powerful?
How do you pay for properties that you plan to BRRRR?
Why getting a little taste of financial freedom makes you want to pursue larger financial freedom
How to create processes to make it easier to find people to help you grow your business
What is the most critical skill for new real estate investors to learn?
Why real estate investing is a tried and true method for building wealth
How competitive is real estate investing?
Make sure you have the long-term bank financing lined up BEFORE you buy a property you’re planning to BRRRR.
People forget that there is a Return on Investment, but there is also a Return on Equity.
Education is the most important thing you can do to get started in this business. The education ramp up is high.
Took him about 8 months to buy his first house hack. It took two years to buy his first rental property, but he then bought 7 properties in the next two years.
Finances deals now using cash to purchase the property, rehabs the property, gets long term financing on the property once it’s rented out using delayed financing which allows him to pull the original capital out and do it all over again.
He writes down his processes, follows them and encourages his team members to follow them. “This is the process that seems to work. Let’s write it down, let’s get it on paper. Create the system out of thin air and get everybody to believe in it.”

Subscribe to The Road to Family Freedom

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thank you so much! We really appreciate it!

Links from the show

Broke is a Choice

Books Mentioned in the Show

90 Day Year by Todd Herman
12 Week Year by Brian Moran

Tweetable Topics:

Spend your time trying to find good people and then implement good systems, and man, it turns into easy mode. To the point where your life gets so easy that you start looking for new challenges. @brokeisachoice

Tweet This

Find great people. Make them fall in love with you, and make them drag you along for the ride. @brokeisachoice

Tweet This

Being close to your real estate investment property gives you a false sense of security. Instead, be far away, and learn the real skill which is managing people. @brokeisachoice

Tweet This

You're underestimating what's possible. @brokeisachoice

Tweet This

Connect with Alex:

*FTC Disclosure: This post contains affiliate links. If you make a purchase after clicking on the links, Road to Family Freedom will get a small commission. We are dedicated to finding the coolest products for families looking to building financial freedom through real estate and we never recommend anything that we don’t love.

Who We Are, Where We’ve Been, Where We’re Going and How We Plan to Get There

Neil and Brittany Henderson — Sun, 28 Apr 2019 21:02:00 -0500

On this, our very first episode of The Road to Family Freedom, we’re going to give an introduction to who we are, where we are going with all this and what you can expect to learn going forward.

First Episode. What it’s all about? Building financial and location independence through investing in real estate. But not every path is going to be right for you and your family.
What do you want your life to look like once you get there is a critically important question to ask.
The life of a house flipper is going to be very different from the life of a large multi-family syndicator.
How much knowledge did it take for our guests to get started in their particular real estate niche? Did they hire mentors?
How long did it take before they did their first deal?
How much money did it take for our guests to get started with their chosen strategy? A little or a lot?
Did they have any strategies for overcoming a lack of money?
Did they raise private money?
How much time does their chosen strategy take now? Is it completely passive?
Are there bursts of activity followed by periods of passiveness?
Is it a full-time effort?
Do they have any strategies for overcoming a lack of time?
How location-dependent is their strategy? Could they do it from anywhere in the world?
Who we are? A family on a journey toward financial and location independence
Why financial independence? W-2 income is a single point of failure
With financial freedom comes the peace of mind of not having to trade your time for money. You can now do it for the love of doing whatever it is you choose to do.
Why location independence? We love to travel and want to show our young son the world. Collect experiences, not things.
Friends and family all over the country
Geo-arbitrage. Once your income is separated from your location, it opens up a world of possibilities of places to live.
Why we are doing this? We want other families to learn from us and our guests.
We are further along than many but way behind many of our guests. We have a successful short-term rental that gives us some passive income.
Neil has been on the general partnership on multi-family real estate valued at over $24 million.
We want to learn from them and we want you to learn right along with us.
Success leaves clues. A road map to follow