Simple Passive Cashflow Podcast

YouTube Link: https://youtu.be/v0fB-e3579EText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirementAlso flips properties where the goal is 20k profitHe outsources much of the workGot rentals in 2011 and regret not doing it earlierGot hammered in 2008Got out of the market in 2000Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty highReal estate is not for everyone and might have a wrong skill setIf you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)Don't lend to someone doing their first flipNeed to hi

YouTube Link: https://youtu.be/25UY_v17bt4Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Mark Allen is a brokerStarted in 2009 and went to Westpoint AcademyGot a $35k loan to get started in FLStarted with subject to or assuming the loan method of acquisition2015-2016 sold initial properties and started flipping properties while working the day joblead to MFHSaved the money from flips and day job to go into MFHYou can find Mark at SVN and check out his podcastROI on time is more for Commercial than residentialProvide value by driving properties, pictures, transaction beatYadi matrix, co-star offer owner dataFace to face is better than email or phoneBring 80-year-old sellers flowersonce or every two months a

YouTube Link: https://youtu.be/MAvb05-xROYText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Gets a piece of the action by leveraging your time, knowledge, and connections.Download a free chapter in the Hui FilesGet a heloc, keep your income in the heloc and pay down your home mortgagePeople depend on traditional sourcesDon't quit your job until you have the next thing goingDolphin culture - help people without any returnJordan Goodman has spent the past 40 years focused on one mission: to help Americans do better with their money. In a career spanning newspapers, magazines, books, radio, television, live events, teleseminars, and the Internet (www.moneyanswers.com), he has helped millions of people to sol

YouTube Link: https://youtu.be/Z0SM21dLsCcText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Doing one house gets you started to gain momentumHan solo moment was went when into MFHAt first wife was nervous in the beginning but with success came on boardMoved to MFH when had 5 units and 2k in cashflowSFH is the way to go to learn to rent and pick out a property manager but its a personal questionWorse moment was seeing 2008A pain point that forces people to make a changeWorking up to expenses plus 20kDo a little bit each daySet goes every year - 40-50 goals - review once a weekPersonal BackgroundGrew up in Oxford, MichiganGraduated from General Motors Institute/Kettering University in Flint, Michigan in 200

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: I started to a hobby to make Mead or fermented honey wine. It’s pretty healthy because of the good bacteria cultures. I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out. Got to be diversified with multiple streams of income!Notebuyerbootcamp.com – Coupon Code “simplepassive”It’s been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie “The Founder” you

YouTube Link: https://youtu.be/dSNwXUhxpLEPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: $480k horizontal incomePodcast is not simple passive cashflowUsed commissions to invest into real estateStarted out trading tome for money, working 40 hours a week, and was left with a $100 every weekSold timeshare presentationsDanny got 3-4 of these a day and was the leader at the time and Pat beat himWent to college and went to real estate sales where he is making commissionsDiscovered horizontal lines - bought SFHs and moved to apartments and other buildings/businessesLost 2/3 of initial investment LTI - After you pay your bills - currently $200K a yearMoving around current investments18% lawyer loan, some private equity notes, apartment building syndicationCrossed over at ag

YouTube Video Link: https://youtu.be/aJ5lSoJoRK4Youtube Audio Only Link: https://youtu.be/NWxFiWwXhrYPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: After Turnkey rentals I see people go into 1) Syndcaitions 2) BRRRS 3) Non performing notes12/20/2016 - SPC034 - Jorge Newbery goes $28 million into the hole and the fight to get back to even - https://www.youtube.com/watch?v=Y1IN4BTvRPg&t 5/30/2017 - Non-Performing Notes w/ AHP Fund making 12% a year! - https://www.youtube.com/watch?v=ZvKue-rq4y8&t=2sWhat is performing notes and non performing notesSteps to get startedWhat can you get from people or networking in note worldNBBC TrainingHow did you start to scale ahpwhere AHP succeeded and where we failedthe importance of due diligence - and how identifying troub

Video Version: https://youtu.be/azbjx9fhVbUYouTube Link: https://youtu.be/x1FsDcF0d2E[embed]https://youtu.be/x1FsDcF0d2E[/embed]Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Pardon the grammar... I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Lane is dringing Maui Brewing Company Makawao beer and POG IPA and homemade mead (honey wine), Abhi - Whiskeyhttps://abhigolhar.com/How old are you? 1985How much simple passive cash flow do you have coming in and from what investments?At this point my cashflow is a little lower because some of sfhs are offline because I'm trying to sell them and my syndications are in the ramp up stage but I'm around 3k. more importantly I have very low expenses and essentially financially free. My salary from my paycheck is 4k at the-end if taxes and that's what I use to put right back into my business. That's 3k not including my day job.- What are your healthiest habits? How do these help contribute to being your

Here are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347Go to this link to grab the Action Board worksheet guild. If you are already an email subscriber the link will automatically get sent out to you with all the post that never make it to podcast.https://drive.google.com/open?id=1ZGa-E0kNgWSfsABozVaMe8fl11tNEoMQOptimist/Pessimist 2x2 Matrix - (My friend and his IPA Beer engineered the following idea…)Good Outcome Bad OutcomeOptimist + +Pessimist - -Psychology Today, the average person has 50,000 thoughts a day.The Rich Are Optimists - 67% of (Tom Corley study) the self-made millionaires in my study forged the habit of being positive and upbeat. A positive, mental outlook is critical to overcoming problems, obstacles, pitfalls, mistakes and failures. Staying positive is a critical component to becoming wealthy. Positivity is like a radar in search of solutions to intractable problems. Thus, positive thinkers are able to see opportunities, where others see only n

Here are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347Go to this link to grab the Action Board worksheet guild. If you are already an email subscriber the link will automatically get sent out to you with all the post that never make it to podcast.https://drive.google.com/open?id=1ZGa-E0kNgWSfsABozVaMe8fl11tNEoMQ Optimist/Pessimist 2x2 Matrix - (My friend and his IPA Beer engineered the following idea…) Good Outcome Bad OutcomeOptimist + +Pessimist - -Psychology Today, the average person has 50,000 thoughts a day.The Rich Are Optimists - 67% of (Tom Corley study) the self-made millionaires in my study forged the habit of being positive and upbeat. A positive, mental outlook is critical to overcoming problems, obstacles, pitfalls, mistakes and failures. Staying positive is a critical component to becoming wealthy. Positivity is like a radar in search of solutions to intractable problems. Thus, positive thinkers are able to see opportunities, where others see only

Here are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347Summary: I brought a house for $43,000 in 2013 and the operator ran the property into the ground and I sold the property for a net of $7,000.This is the dark side of investing as a passive.Timeline:2013 - Had 43,000 in my SDROTH IRA, The deal 9% and 50/50 split on profits. I got the referral from a Self-Directed IRA company. I asked them where should I invest this money because I did not know any better. If you are looking for a good SDIRA custodian let me know.2014 - Heard this dude was a scam artist from my network but it was too late. Lets just watch this. I started connecting with other clients via the interwebs and learned they had another market that they did this in to which was MS.2015 - Heard there MS portfolio went underwater, taxes not paidMid 2016 - Got the letter saying they were going under and I had several options, 1) Deed in Lieu - had a lease purchase agreement2) I did not really understand

Here are the Show Notes.... But first please leave me a review: http://getpodcast.reviews/id/1118795347Reality Shares came from the Jobs Act April 2013 Reality Shares beganAccredited only14-20% Class B MFH estimatesAlso have preferred equity options 10-14% IRRs1st lien debt or 2nd lien 7-12%If you are not connected Crowdfunding optionsFrom a syndications view, they are charged an origination fee1% asset management team (from cashflow) from reality shares1% Funding Fee, 1% Asset management feeSome crowdfunding is taking equity upsideDue diligence - credit checks, background checks, 3rd party check of purchase price verification, then look at the deal (market, pricing)Less than 5% of deals make it to the platformThere is a max the crowdfunding site with one syndicator (2-3M) to diversity risk for the firmReality Shares is a Broker-Dealer See acast.com/privacy for privacy and opt-out information.

Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the website/podcast via email.Text “deals” to 314-665-1767 to join the Hui Deal Pipeline Club and get in on the dealflow!Show notes:Mobile home investorHis business is not simple or passivedid no go from a career to REIStarted when was 19 years oldStarted buying SFHs and 2008 changed things and made Kevin RebuildMFH was not scaleableThen was introduced to mobile home parksEveryone should start smaller to learn about working with tenantsAnti turnkey rentals 1) based on comps 2) buying retailsCap rates are only important on the saleOnly look at cash on cash return (not IRR)used 35% expense ratioWork with the broker to come to a price - can you help me understand?MHP have 50/50 LP GP splits where MFH has a little high 70/30 split40K a year and under, people making 12-15 dollars an hourExcercise is the success tip See acast.com/privacy for privacy and opt-out information.

Autin Texas NativeBought Duplex and fourplex to start (76 on own for passive cashflow)Started out with the intention of getting passive cashflowWas working marketing in Minnesota when father had a heart attack and started buying rentals with brotherWas doing self-managing when first started on ownFlexibility in what you do with your timeFather getting sick was the turning pointBoots on the ground lead is very importantValue-add can mean both 20-30% occupied and adding crazy value and 90% occupied and taking it to 95%Developments have 25% returns per year See acast.com/privacy for privacy and opt-out information.

Stories from my SFH portfolio...One of my longest tenants went AWOL. :(“They did send in a partial payment of $965 that we received on Monday.. They now owe for January and $385 past due. for a total of $1,263 I am not sure why they are being so uncooperative for the inspection”A couple weeks later…“She has been in the hospital again. I gave her our direct number and she said she will call. She is also supposed to bring the late part and will bringing last months rent in about a week and half. She apologized for the trouble of getting her, but she was not able to return calls.”I like to work through and with my property management.They alerted me of the issue.“Seems like valid reason for being late. Maybe we can ask for hospital invoice or doctor note just for record keeping. We might submit to the potential seller to explain the gap in the rent rolls. That way we can verify it too. “Rats! The dishwasher stopped working in this home. It looks like it needs a new sp

Lane's note: I personally don't like 1031 exchanges for sophisticated investors who will one day graduate to syndications because they are not "like kind" exchange. It just goes to show that understand where your advice is coming from. A lender will want you to get a portfolio loan, a lawyer will want you to get an elaborate entity structure, and a 1031 custodian will want you to do a 1031 exchange.You get to list and buy a property from who everI bought 9 properties by selling 2 properties and delayed the taxesNote: recorded in 2017 prior to 2018 tax changesa 1031 exchange avoids capital gain and depreciation recaptureDrawbacks - you have to time the sale and purchase of the new assetIn a sellers market you can get a good price but have trouble finding a good asset45 day rule - you have this time period begins at the close of escrow of the first property you have to identify a list of property that they would possibly close on180 day rule - you have this time period begins at the close of escrow of the first

More details: SimplePassiveCashflow.com/coachingSign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files)https://simplepassivecashflow.activehosted.com/f/3Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks. Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to ge

Correction: Hui Deal Pipeline Club acquires $50M of real estate and raises $3.5M for syndications2017 RecapAn amazing year which started on January 1 2017 me waking up in Atlanta after seeing my Washington Huskies getting destroyed by Alabama in the Peach Bowl and traveling to Birmingham to look at some turnkey rentals.A year of changes & 2018 Preview1) Just wanted to let you know that I have officially moved to Hawaii!2) https://www.youtube.com/watch?v=_upavLy3SEILet me know if you visit Honolulu! Let me pick you up from Honolulu Airport and have a consult for some tax savings.3) The first change this year was that old website that looked like "Flubber blew up” is gone and replaced with a decent website. I was also looking back at some old email newsletter that I sent out with some funny Gifs which I will post on the email newsletter and website.Here is video walkthrough of the new one: https://share.viewedit.com/iPBEYsNWW9uuvsZWJewFb34) I have been making additions to the YouTube Channel not found on th

2010 - Moved from Tech jobQuickly scaled up his business and ran out of moneyInfill = urban settinggreenfield = land upStarted with JVs by small residential projects and expanded to apartmentsIt's not about the deal... It's about the teamSomeone told him to focus on raising moneyFundraise or Deal OperatorMFH is resilient to cycles but most of the larger projects have too many offers on one property... You don't want to being the winning offerUse interest rate reserve as another line item in the budgetDemand for class A is not there for what is builtFind where the line is in a city and move the lineDon't as about a general city, ask about a few block radiusStudent housing - look at the local market for over built from university (look at bedroom alignments)Unclear about military housing near bases which is like having one employerTax abatements offered on government stimulus for possibly 10 yearsNon resident owner might not be eligible for FEMA assistanceSFH property has all your cash in the deal2008 wsa a ban

• Set up location based automations• Setup routine maintenance reminders• Set up news alerts• Have weekly updates so you can batch tasks and updates• Have alerts exception based via text or email• Followupthen.com• File away your emails• Pull tasks don't push it to you• Using gmail tags like "At home", "Bank Statement", "When you have time", "Stuff to do when I'm tired"• GTD by David Allen• 7 Habits of Effective People• Trello app• Don't go to grocery story at busy times and park far awayCheck out my Free Resources Below:1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund2) Join a Social Club:Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club3) Subscribe to my podcast: Google Android Phones | Ap