Simple Passive Cashflow Podcast

• Sold off short term rentals and now Large MFH investor• Started in family construction business for framing• Started flipping then rentals• Moved from using cash for everything to using leverage• You can bring Money Time Knowledge or deal• Team up with Lane :P• Push through bad experiences• A year of learning MFH before going into it• Getting your Fannie Mae card is key via a mentor • Add value to a mentor • Keep your focus but pivot quickly• Mediation and running helps him set the day• Focus on where you want to be• Check out the classifieds in newspapersCheck 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 Cl

In this episode we discuss:• Nest automates thermostats and one day in the near future is a good implementation in B rentals• HVAC or dishwasher breaks and technology can alert you• Technology good for B and A class• Class B rentals are having Amazon lockers and these Nest thermostats• Know your avatar• At one time backsplash in kitchens was unheard of and now its a cheap fix• What is standard in the market? Dishwashers, garage doors, laundry price, etc..• Zillow gives good filters for amenities like washer and dryers• Ask your property management what is standard• SFH's should have the tenant paying the utilities• RUBS is Reimbursement Utility Billing System• Skeptic on keyless entry soon but good for short term rentals• A lot of new hardware and software coming but lets try it out at our own homes first yea

Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded. He has been featured by Entrepreneur, Inc, and Forbes. Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States. We help investors obtain capital to purchase real estate. Something that you have recently thought about “burning your cash” on for time savings or an improvement in quality of life. Several forms of automation, most recently an automated system for billing recovery. www.creditsuite.com, info@creditsuite.com, 877-600-2487Business credit does not use personal creditUses your Business EIN1) Set up a business, website, physical address, land line2) Get setup with reporting agency - write to reporting agency to see if you

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.Ace buys and sells internet businesses. He had done over 40 deals1) How much simple passive Cashflow are you making today and how are you doing it?I have a portfolio of over 30 internet businesses that create income.2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Did you "burn the boats" or did you let it happen naturally - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie go

Mark is founder of Luxmana Investments, which focuses on residential and multifamily investments. Mark quit his corporate job and is now a multifamily investor.1) How much simple passive Cashflow are you making today and how are you doing it?(You don't need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, make 25% of my expenses, over $10k, although people like when people open up the kimono):My passive income is more than 200% of my expenses. I have a portfolio of 22 SFR’s in Denver, Colorado, and a 64-unit apartment complex in Dallas, Texas. I also have a small equity position is another 96-units in Dallas, TX, but I am not the managing member of that.2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change:I met a general contractor in

We are the hard working W2 employees who followed the competitive linear path. We were groomed to be employees/pawns not businessmen or investors who build passive streams of income/cash flow and value for others - and to the gain of a greedy for profit company. Our path started by being a high performer in elementary school and high school. We were told to study hard, do extracurricular activities, get high SAT scores and GPAs in order to be admitted into a top college. At college, while other peers were playing frisbee in the Quad, we grinded it out to get a professional college degree that was “worth something”. By now the linear path was so ingrained in us that we went to the well again for higher level degrees and specializations. If that weren't enough, we were faced with final professional tests to become certified at our jobs and faced the rigours of junior level employment... all as we further delayed gratification for our efforts. Let's not even talk about the student loans... we still balanced our

Brad Baldridge is a late-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans. Over the past 10 years Brad has directly helped hundreds of families plan and pay for college. He has provided in-depth college plans resulting in increased financial aid, scholarships, identification of the right schools at the right price, and better loans.• Coverdell has low contribution limits (2k per year) but the good thing is that it can be used for a wider range of education expenses• 529 is State sponsored and some states have special breaks based on where you live• Do the Coverdell first and then the 529 in most cases• Tuition, fees, computer, room and board, prescribed supplies, and groceries. Up to the cost of what the dorm would be. Sorry no beer• Need to start before high school or even when a toddler• 

Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company Frontier Equity Properties, LLC is an A+ rated BBB real estate company.Topics that are covered in this episode:• Go on Treasury List to see who owns back taxes• Unsophisticated come into ownership of raw land• Buy it at 20-30% value, ensure so encumbrances• The neighbor's are the first people to buy if not maybe they want to sell theirs and now you have a larger tract• Use Facebook and craigslist• Use owner financing• 3-5% response rate of offers• All counties are different on how you get land listings• Use gegolook.com or use craigslist or what three words app• Facebook buy and sell groups• Use special warranty deed and full warranty deed• Blinkist•&nbs

Hey guys I’m about to get naked here… I am personally making a shift in my portfolio to MFH syndications and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)I have selected a few potential turnkey rental sellers, however, I wanted to leverage my network and see if we can cut the broker commissions out of it. I’ll give you details on how you can get the P&L for the past few years on every property but first...A few PSAs.National Save for Retirement Week: October 15 – 21, 2017Scam emails to get information from more and more wholesalersInsurance want 5% deductibleMy story - bought a couple of rentals in Seattle and 1031 exchange those to 10 SFH essentially turnkey rentals out of state in Atlanta, Birmingham, Indianapolis.The other day I asked the question on BP… did not get much of a response since BP is a platform for newbies or active investors who flip or wholesale h

Christian Knight gives us his 4 techniques on how to control fear:1) Embrace the fear - removes complacency2) Manage your fear - Visualize3) Practice it and get experience4) Eyes on the prize Don't just die like a salmon. Do something meaningful. Take action and step out!- Jason StathamRemember why we are doing it. The "new rat race" is what the entrepreneur often finds themselves in where they have escaped the W2 job but have created an active business for themselves.- Jason StathamCheck 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/fund 2) Join a Social Club:Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club 3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube 4) Once you have gone through the majority of p

Former aerospace engineer who became passionate about real estate investing, built up a rental portfolio, and has now moved into syndicating larger multifamily deals. She works with a great group of investors helping people move their money out of the stock market and into physical assets - real estate.She lives in Colorado with her husband Alex, their 2-year old son Landon and enjoy the outdoors and activities like skiing, tennis, and biking.Some dialogue from the show:1) How much simple passive Cashflow are you making today and how are you doing it?:My husband and I are making about $6-7k/month in passive cash flow from our 10 properties (22 units).2) What is your Han Solo moment? Describe the resistance that was the catalyst for change:For me, the main factor was knowing I didn’t want to stay in my then-current career path for the rest of my life. I had already been a student of real estate for several years, but finally I knew that if I didn’t want to be tied to an unfulfilling job for the rest of my life

Topics that are covered in this episode:Uses infinite banking to create cashflow and make investmentsPurchased first property in South Africa in 2001USA leads in creative dealsStarted with an informal mentorship for themInfinite banking is what wealth Family Offices useSick, alone, broke in 2011 - the person that is responsible is youGet up in the morning and start movingWhat you value is not what someone else valuesAbundance/Scarcity MindsetIs this your highest and best value... if not table it or have someone else do itDocument the processes to outcource thingsA home gym would cut down on time travelingI am not entitled to anythingFigure out what takes your time and write down a process to outsourceEmail Lane if you have questions about infinite bankingSelf reflect and fIgure out what you are good atCheck 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.Simple

Topics that are covered in this episode:Chris Rush is a seasoned real estate investor, serial entrepreneur and founder of Sidereal Management, Inc.Starting his real estate career in the family business as a teenager in the 1980’s, Chris has extensive experience in property valuation and acquisition; multiple, simultaneous capital expenditure real estate rehab projects; property leasing and management; financing and refinancing; syndication, fundraising and financial selling; and marketing and property sales.Over the past decade through syndication, partnership and individual investments, Chris has acquired, repositioned and deposed of for profit over 1000 units in the Texas, Georgia, New Mexico, Arkansas and Washington markets.As a syndicator with Fannie Mae loan experience, Chris has an top-notch reputation among the multi-family investment community for providing exceptional value to investors and the community.Chris is a 1995 graduate of the U.S. Naval Academy, Computer Science, B.S. and served 10 years on

My Journey Home:Up to this point, my life has followed a steady, linear trajectory. But today... I took my own advise that time is your most important asset and I am happy to announce that I am speaking to you from Honolulu, Hawaii the new home base of Simple Passive Cashflow!As a teenager growing up on a small island in the middle of the Pacific, I was programmed to go to college on the mainland because the cost of living in Hawaii was too high and jobs compensation was pretty poor. With the cost of living in Hawaii being 10% more than Seattle or San Francisco and 20% less pay for equivalent jobs, living a comfortable life is no easy feat. I resolved to never return unless I was extremely well off financially - although I am not where I want to be - I have the knowledge and network to get me where I need in the next few years. Looking back on my path as a wide-eyed college student living away from my family for the first time in Seattle. And then started my Engineering career working for blood money for

Topics that are covered in this episode:$85K Passive income with a furnished rental business and other rental investmentsHe started a meet up in San Francisco and Josh Dorkin from BiggerPockets contacted himAfter the 2012 BiggerPockets summit he copied the speaker list and called everyoneReplicate what people wantA lot of REI clubs are pitch-fest with profit sharingContact me with an iTunes review or referral to a new listener and I will let you know who to stay away fromSpeech or topic meeting appeal to new membersOpen circleDon’t be an ask-hole, always add with valueThink what the potential mentor needs and do itA lot of people what to be active when they really want to be passiveIn every interaction try and add valueGive away info and value to see who are the sharks out thereThere can be value to talking to people who do completely different type of investing thing using the same toolIP Targeting to target certain peopleBefore an event look people up and see who you want to meetHave a goal of what you are

Topics that are covered in this episode:800 houses in 2006 MFH was founded in 2008 crashMFH has all the repair crews in houseFocus on cash flowIn 2008 rents did not go down but the vacancy didTwo months is the typical turnoverIn the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flowFailures are seminars that teach usDon't flip in the high endDon't get a MFH 5 year baloon, instead get a 7-10 year termContinue to learn and make your own determinationBe conscious of your podcasts your listen to because that is the way you will goVAs is calling Apartment Owners - Use county assesors offive then secatary of state to get mailing address, lookup phone numbers"My boss lives in the area and was interested in buying your property"For discount Tony Robbins tickets to UPW four day event email Lane@SimplePassiveCashflow.com501C3 tax status for Non-Profit entityCheck out my Free Resources Below:1) If you are an accredited investor and afraid of the impending market correction

Topics you will learn about in this episode:800 houses in 2006 MFH was founded in 2008 crashMFH has all the repair crews in houseFocus on cash flowIn 2008 rents did not go down but the vacancy didTwo months is the typical turnoverIn the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flowFailures are seminars that teach usDon't flip in the high endDon't get a MFH 5 year balloon, instead get a 7-10 year termContinue to learn and make your own determinationBe conscious of your podcasts your listen to because that is the way you will goVAs is calling Apartment Owners - Use county assessors office then Secretary of State to get mailing address, lookup phone numbers"My boss lives in the area and was interested in buying your property"For discount Tony Robbins tickets to UPW four day event email Lane@SimplePassiveCashflow.com501C3 tax status for Non-Profit entity See acast.com/privacy for privacy and opt-out information.

Wait, catch yourself if you are feeling sorry for me... Setback merely teach you about yourself or the systems you use. It is an opportunity for growth! And in real estate is a capital improvement that is bolstered in the future.Costs incurred to date are as follows:Attorney's Fees $268.30Eviction Services $1,310.00Total $1,578.30Haul, Disinfect & Clean$4,800.00Total $6,378.30(Less) Security Deposit $1,295Total Out-of-Pocket Exp:$5,083.30 Always underwrite and double check you have the buffer!---Check 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: Simple Passive Cashflow Seattle Simple Passive Cashflow Hawaii Simple Passive Cashflow Portland Simple Passive Cashflow Bay Area Simple Passive Cashflow So CalSimple Passive Cashflow East CoastSimple Passive Cashflow Central USA3) Subscribe to Simple Passive

There have been a few Private Money lending deals coming through the deal pipeline. Make sure you are on the list.What is it?It is probably to first strategy people should try to get their feet wet. And for people with skeptic spouses it shows how the checks come in.Any time someone wants to borrow money from an investor to undertake a project. It can be short term or long term.Great strategy for a sellers market1st lien 2nd lien position9-15% returns or 10-20% returns on 2nds, wide rangeBased on relationshipsLoan to Value LTV - 50-75%Home flipper looking for 70% LTV and they also include rehab costsDon't just look at the rate of return - Subjective nature development or cashflow - what is it based on flip to rental or flip to retailWhat is your downside if the flipper does not perform - what can it rent for? Seattle vs Birminghamdeed in lieu - work and headacheAnother option is crowdfunding sites however there is another person in the middle making feesyou are not going to made substantial wealth with this m

#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/