The Real Estate Way to Wealth and Freedom podcast with Jacob Ayers

Are you overwhelmed with the thought of investing in real estate?

Don't sweat it!

I'm Jacob and as the host of The Real Estate Way to Wealth and Freedom podcast, my aim is to help you achieve financial freedom with concrete, actionable content.

The Real Estate Way to Wealth and Freedom Podcast

085: 5 Steps to Being a Successful Real Estate Investor

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Financial freedom, passive income, abundance mentality, Cap Rates, ROI, and Rent/Value ratios are all terms we have discussed. They’re terms that are thrown around in different real estate investing circles. But how often do we, as real estate investors, step back and ask ourselves why? Why do we concern ourselves with these terms and metrics?

Real estate investing is a vehicle that can help you achieve many different goals. It’s versatile, works across many different markets, and is easy to replicate. However, it’s not the physical real estate that’s so great. Rather, it’s what real estate does for you. By now, we all now real estate investing can provide passive income, tax benefits, appreciation, and a hedge against inflation. Ultimately your investment is backed by a physical asset, which everyone on this planet needs – shelter!

No matter what your goals are, I believe that real estate investing is one of the best vehicles to build a life you want. Everyone has the ability to use real estate to their advantage. The passive income can allow you to live a life where you want and how you want.

This journey of real estate investing is one that everyone can start. There are just a few simple steps.

Step 1: Educate yourself. I know, this isn’t what you want to hear. It’s not quick. But in today’s age, it’s quite easy. Read books, jump in some online forums, go to real estate meetups. There are so many great free resources available – books, podcasts, online communities, meetups, just to name a few.

Step 2: Get around people who are doing what you want to do. Want to flip houses? Look up J. Scott, buy his books, and read his blogs. Want to own turnkey single family homes for passive income? Look up Keith Weinhold, listen to his podcast, subscribe to his newsletter, and read his articles. Want to buy apartments with other people’s money? Look up Vinney Chopra, Michael Blank, Joe Fairless, or Reed Goossens. Watch what they’re doing. Get around people who are doing what you want.

Motivational speaker Jim Rohn famously said that we are the average of the five people we spend the most time with. Evaluate who you spend time with. It’s ok if your circle isn’t exactly involved with what you’re interested in. But it’s a good sign they’re at least interested in improving themselves, growing, and pushing you too.

Step 3: Find your niche. Identify what you’re good at. Maybe you’re great with numbers and love analyzing deals. Or maybe you’re a great networker and can raise money from other people. Maybe you love creating systems and procedures to build businesses. Whatever it is, figure out what you’re good at and what you like. Then focus on that.

Once you find your strengths, you can then look for ways to work on your weaknesses. You could partner with someone who compliments you well. Or you can develop the skills you are lacking. Understanding your strengths and weaknesses will only help you know where and how to best spend your efforts.

Step 4: Do your first deal – whether that’s buying a small single family, wholesaling a deal to another investor, flipping a property, or investing with a syndication on a larger deal. Your first may not be the most impactful, but it will be the most important. It likely won’t move the needle for you, but it will get you started. That’s the biggest challenge for most people.

Doing your first deal can be scary. There are countless limiting beliefs that will come into your mind. Don’t worry, those are normal. If you’re not doing something that makes your uncomfortable, then you’re not doing enough.

Step 5: Use your strengths in step 3 to do another deal. This one will be smoother than the last. Then do another deal. And another. And another. Each deal will get easier with experience. You’ll hit different speed bumps and learn new things along the way. Make sure to continue to push yourself. Remember, people underestimate what they can do in a decade, and overestimate what they can do in a year. Take a long approach with real estate investing. It’s not a get rich quick game, no matter what anyone tells you. Be in this for the long haul.

If you follow these 5 steps, you’ll be well on your way to being a successful real estate investor, which is a great feat in it’s own. But this is just the beginning for you!

As a successful real estate investor, you have the ability to change the world for the better. You’ll have the time, and as much passive income as you are willing to build to design a lifestyle you deserve.

So what will you do with this freedom? This freedom is the ultimate goal. The freedom to whatever in this life you want. This freedom should feed into your reasons why.

If you don’t quit, you can never fail.

084: Say No, so You Can Say Yes – Friday Fundamentals

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Have you ever thought about the word extraordinary?  By definition “ordinary – with no special or distinctive features; normal.” Then what does extraordinary mean – extra normal? Doesn’t really make sense, does it? But nothing about being extraordinary is normal. In fact, to become extraordinary, one must be not normal. But enough on that tangent. Let’s…

083: Negotiate Anything with Kwame Christian

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Kwame Christian Esq., M.A. is a business lawyer and he’s passionate about teaching business professionals like you how to negotiate and be more persuasive.  Kwame works with people to improve their persuasive communication skills and conflict resolution abilities. Improving these skills will lead to financial gain, career advancement, and increased confidence in difficult conversations. Kwame has…

082: Your Greatest Resource- Friday Fundamentals

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Many people go their entire lives without even considering the possibility of building passive income, or much less achieving financial freedom. Lots of those people just assume they don’t have the resources necessary to get started, whether that’s time, money, experience, or some magic touch they think they need. In fact, time, money, nor experience are limiting factors.

The truth is, none of these resources are more valuable than the one your already have – your mind!

Yes, your mind is the most valuable resource you have and ever will have. The beauty is everyone has one. Some just use their minds to their fullest potential. These are the people who succeed in whatever they do.

“Life has no limits except the ones you make.” – Less Brown

We’re only bound by the limits of our mind. Solving problems, creating solutions, building systems, growing businesses, and designing a lifestyle are only accomplished in the confinements of your mind.

The larger your mindset, the more you can accomplish. If your mindset is to just be comfortable with a steady paycheck and retire with a conservative lifestyle at 65, then that’s what you’ll accomplish.

If you instead, expand your mind to achieve massive levels of success, you’ll grow into that mindset and will achieve your wildest imaginations.

People have a tendency to overestimate what they can accomplish in a year, and underestimate what they can accomplish in 10 years. Challenge yourself by always expanding your mindset. If you can imagine it, you can do it.

081: Alternative Investments with Kirk Chisolm

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Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. His roles at IAG are co-chair of the Investment Committee and Head of the Traditional Investment Risk Management Group. His background and areas of focus are portfolio management and investment analysis in both the traditional and alternative investment markets.

Kirk has been providing wealth management services to individuals, executives, entrepreneurs, and their families, as well as businesses and organizations since 1999. Kirk is dedicated to developing lasting relationships with all of his clients. One of the benefits of working with Kirk is his patience and his ability to provide clear, easy to understand explanations of all financial options.

Prior to integrating with Innovative Advisory Group in 2008, Kirk founded Stirling Global Advisors, LLC in 2005, a full-service private wealth management firm. Kirk has also held wealth management roles at both UBS PaineWebber and Smith Barney.

Key Points
Investing outside Wall Street
Investing through your IRA
Alternative asset classes – real estate, tax liens, raw land, and even livestock!
How to unlock tax free income from retirement accounts
Resources
InnovativeWealth

080: Digging Deep into Your Reasons Why – Friday Fundamentals

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Episode 80 piques my curiosity with the Pareto Principal, or the 80-20 rule. The Pareto Principal is based on the Italian economist, Vilfredo Pareto. Pareto though his research, found a disproportionate ratio of inputs and outputs in different scenarios. Pareto first identified this unequal balance of inputs and outputs when looking at the land owned…

079: Investing in Mobile Home Parks with Kevin Bupp

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Kevin Bupp is a Florida-based Real Estate Investor and serial entrepreneur with over $40 million of real estate transactions. His extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, raw land, condos, and his favorite and by far the most profitable, Mobile Home Parks.

Kevin holds the keys to successful real estate investment. With over 16 years of experience, Kevin now educates investors to locate, acquire, and create “higher than average” returns from this widely misunderstood niche of Mobile Home Park Investing. He shares his expertise through the Mobile Home Academy and also as the host of The Investing for Cashflow Podcast. In addition to his Real Estate endeavors, Kevin is passionate about giving back and is the founder of several charitable organizations, including founded RunningforBrews.com, a social running club with more than 10,000 active members, and “72 Hours to Key West,” an annual 280 mile bike ride benefiting impoverished families during the holidays.

Key Points
Starting out learning from a mentor
Why mobile home parks are a great niche
The need for affordable housing throughout the country
Mobile home parks – they aren’t making any more of ’em!
Buying mobile home parks with seller financing
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Learning. WIth the help of a mentor, Kevin was able to learn the ropes.
Do you have a personal habit that contributes to your success?
Health and fitness
Do you have an online resource that you find valuable?
Credit Karma (phone app)
What book would you recommend to the listeners and why?
Meet and Grow Rich by Joe Vitale and Bill Hibbler
If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
Get involved in multifamily real estate as soon as possible.
Resources
The Mobile Home Park podcast

Real Estate Investing for Cash Flow podcast

www.KevinBupp.com

Contact
Kevin@KevinBupp.com

078: Becoming Comfortable with Uncomfortable – Friday Fundamentals

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Being uncomfortable is…. well, uncomfortable. There are different types of discomfort, from the kind you feel when you’re being pulled to the top of a roller coaster with that impending drop to the bottom, to that feeling in your gut when you’re asking your boss for a raise and your palms are sweaty. Being uncomfortable…

077: Building Businesses to Fund Investments with Mark Ferguson

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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.

Mark Ferguson is a real estate agent, real estate investor, author and the creator of Investfourmore.com. Mark’s real estate team sells hundred of homes a year, he has flipped over 100 houses, owns 16 rental properties and has written five books. Investfourmore.com is a real estate blog with over 300,000 views a month, over 35,000 subscribers and a wealth of free information.

Historically Mark averages:

Over $30,000 profit on each flip he completes
Over $8,000 a month income from his rental properties
Over $600,000 gross commissions per year on his real estate team
Over 200,000 unique visitors to InvestFourMore per month
These returns and profits do not come from secret, unknown, get rich quick schemes. They come from knowing the fundamentals, knowing them better than anyone else, and execution.

Mark has created coaching programs for real estate investors and real estate agents to show them how to make solid investments that will pay off over time. Mark also loves to teach business and time management as he is a proud father of 5 year old twins. With four extremely successful businesses he only works about 40 hours a week. He would work less, but he loves what he does.

Key Points
Expand your goals – success will follow
Building a business to fund investments
Focusing on the highest and best use of your time
Setting goals and finding your reasons why
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Rental properties were difficult for Mark to break into. He first had to focus on the mindset, and then save for the down payment.
Do you have a personal habit that contributes to your success?
Mark listened to a lot of self help books, and set goals. Every night Mark reflects on his goals and look at the big picture.
Do you have an online resource that you find valuable?
BiggerPockets
Investability.com
What book would you recommend to the listeners and why?
The One Thing by Gary Keller and Jay Papasan
The War of Art by Steven Pressfield
If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
Buy houses and make sure you get a good deal!
Resources
Invest Four More Podcast

Invest Four More YouTube Channel

Books by Mark Ferguson
Build a Rental Property Empire by Mark Ferguson

Fix and Flip Your Way to Financial Freedom by Mark Ferguson

How to Change Your Mindset to Achieve Huge Success by Mark Ferguson

Contact
Mark@InvestFourMore.com

076: Your Reasons Why – Friday Fundamentals

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Real Estate Investing is a journey. Everyone goes through different experiences, along different paths. Any which way you take, it’s almost assuredly a road with twists and turns and dead ends. It’s never a straight and easy path.

The list of hurdles a real estate investor faces includes finding good deals, financing deals, managing properties, managing tenants, maintenance/repairs, managing personal finances, book keeping, and maintaining good relationships, just to name a few.

As a real estate investor, you’ll stumble along your way to financial freedom (and beyond). You’ll make mistakes. So long as you have a reason why, larger than yourself, you’ll be motivated to not quitting and will eventually reach your goals.

The same thing can be said about not just real estate investing, but any difficult journey in life – going to school, raising a family, starting a business, etc.

That’s why it’s so important to have a reason that keeps you going – a reason why.

It’s my belief that personal financial gain is not a big enough reason why to keep you going. I say this because at some point, you’ll have enough to provide a comfortable life for yourself. If that is the bar you set, then simply working a 9-5 job for someone else will do.

The larger your reason why, the more motivated you’ll be to achieve success, however you define it.

Set goals higher than you think you can achieve. Couple those goals with reasons why larger than yourself. You’ll surprise yourself with the levels of success you can and will achieve.

"This podcast offers a great perspective for people who are just getting started in real estate investing. I HIGHLY recommend it!"

- Nathan B.

Houston, TX

"Don't pass this podcast up! I was unsure about adding another podcast to my library, but this one has proven to be invaluable in my investing journey!"

- Ernest D.

La Porte,  Texas

"I've tried my hand at stocks, and let's just say it didn't go as well as I planned. This podcast has helped me realize the multiple benefits of real estate investing. I just wish I would have started sooner!"

- Jonathan C.

Enid, OK

Jacob and his guests share actionable and inspiring lesson on how to become a better real estate investor and (more importantly) a better overall person. Highly recommend listening and subscribing if you want the knowledge AND mindsets to reach your overall business goals (and achieve financial freedom as a result)!

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About

Click below to listen to a short clip where I introduce myself and talk about the vision of The Real Estate Way to Wealth and Freedom podcast.

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