EP122: How to Build Wealth Outside of Wall Street - Interview with M.C. Laubscher

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The traditional and widely accepted wealth building system tells us to hand our earnings over to Wall Street, and hope that it accumulates over time. In doing so, we cross our fingers and hope we have enough to sustain our lifestyle at retirement. This system lacks security and freedom, but fortunately there is another way.

On this episode of Investing in Real Estate, I’m speaking with M.C. Laubscher, the founder and president of Valhalla Wealth Financial. M.C. is a brilliant wealth strategist who educates his clients about the Infinite Banking Concept, a method of being empowered in your wealth building. On today’s show, M.C. is sharing this incredible wealth building strategy. Join us for episode 122!

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M.C.’s mission is to help people eliminate the control that banks and financial institutions have over their lives by building wealth outside of Wall Street. He explicates that we’ve been programed to believe that we should focus on letting our wealth accumulate. Cash flow, however, is the opposite concept.

Cash flow is the only true way to achieve financial security and freedom. Building cash flow allows you to take control of your finances, and be your own advocate. This is the opposite of handing control over to Wall Street!

The Infinite Banking Concept that M.C. teaches borrows principles from the business banking model. Banks have the most successful business model—they intake deposits and give out a small interest rate, and they lend funds out at a higher interest rate. You can incorporate these same principles to build wealth in your personal financial life.

This concept uses dividend-paying whole life insurance to recreate the banking system within your personal finances. Doing so is predictable, and stable. Not to mention, any growth inside these vehicles is tax-free! Using this method allows you to multiply your money by using it over and over.

Furthermore, you can use this strategy to purchase cash-flowing rental real estate! On today’s show, M.C. is explaining exactly how this concept works. We’ll talk about taxes, cash flow, and how to be the ultimate authority over your financial future. This episode is packed with M.C.’s pearls of wisdom; don’t miss episode 122 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

The traditional wealth building system tells us to hand our earnings over to Wall Street, and hope that it accumulates over time. In doing so, we cross our fingers and hope we have enough to sustain our lifestyle at retirement. This system lacks security and freedom, but fortunately there is another way.

On this episode you’ll learn:

  • Why do banks have the most successful business model?
  • What is one of the biggest wealth destroyers?
  • What do wealthy people understand about taxes?
  • How can you purchase real estate within a mutual insurance company?
  • What is a safe way to save for college?
  • And much more about wealth building!

Episode Resources
Email M.C. Laubscher to get your FREE copy of the book, Becoming Your Own Banker by R. Nelson Nash
Cash Flow Ninja Podcast
Rich Dad Poor Dad by Robert T. Kiyosaki
The Creature from Jekyll Island by G. Edward Griffin
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact M.C. Laubscher
Website
Facebook
Twitter
LinkedIn

EP121: Six Ways to Invest in Real Estate with Your Money Right Now

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The beauty of investing in real estate is that there are many ways to finance a deal. We’ve talked about many of the tools and strategies that investors can use to purchase a rental property here on the show. However, we feel the need to clarify: not every single strategy is appropriate for every person.

On this episode of Investing in Real Estate, Natali and I are sharing six different ways to invest in real estate, and how to determine which strategy is best for your situation. We’ll also share a multitude of resources you can use to educate yourself on different investing tools and methods. Join us for episode 121 of Investing in Real Estate!

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When we talk about different strategies for investing, it’s important to note that not every method will be applicable to your unique situation. We all have different financial backgrounds and circumstances. We don’t think that a 401k loan or a HELOC is appropriate for each investor. They’re great strategies, but they’re not for everyone.

We want to be clear: we aren’t advisors. We don’t know what is right for you, your family, or your situation. We’re simply a family that educates ourselves on different strategies, and executes the ones that we feel are most fitting. We are trying to share that education with you. We are in no way trying to tell you what you should do.

But that’s what is so fantastic about investing in real estate! There’s no one right path to follow. There are so many ways to meet your ultimate goal, and on today’s show we want to share a few.

One of the most popular ways to begin investing in real estate is by taking out a HELOC. For many people, it’s a great option to take out a loan based on the value of equity in their primary mortgage. This can also be done on existing rental properties. Typically, a HELOC is a great bank product, and it's accessible to many people. 

Another great way to invest is through taking a 401k loan. This is a strategy we use yearly. If you have a 401k through your employer, your plan likely allows you to take out one loan per year. This is a fantastic strategy, because you’re in essence, paying the interest back to yourself.

On this episode, we’ll discuss four other strategies you can use to invest in real estate. We’ll talk about the variations within these strategies, and how to decide which you should implement. Don’t miss this episode of Investing in Real Estate!

 If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

Six different ways to invest in real estate, and how to determine which strategy is best for your situation. We’ll also share a multitude of resources you can use to educate yourself on different investing tools and methods.

EP120: Three Ways to Waste Money on a Rental Property Renovation

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Renovating your rental property is an important part of the buy and hold process. You want to create a solid and comfortable home for your tenant. However, it is possible to go overboard and implement too many upgrades.

Spending too much on a renovation will cut into your return on investment. The point is to have a high ROI, so you have to find a balance. On this episode of Investing in Real Estate, I’m sharing the three biggest ways investors waste money on a rental property renovation. Don’t miss this episode! 

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This episode is inspired by my own mistakes. On my first few properties, I wanted to install all the bells and whistles—fancy thermostats, high quality countertops, hardwood floors. However, those upgrades are not necessary on a rental property. Tenants in a C class neighborhood will be happy with the basics.

The first place where investors try to over upgrade is in the kitchen, specifically the cabinets. A rental property does not need custom cabinets made out of solid wood. We always install base grade cabinets in our rentals. They’re solid, they get the job done, and they look great!

And if one of our tenants is a little rough on the cabinets, it’s no big deal. We can simply replace the cabinets for a few hundred dollars. Remember, your rental properties are not luxury apartments.

In the same realm, many investors think they need the best countertops on the market. This is not the case. Your rental needs something durable and affordable. Not granite! Formica looks convincing, and lasts for years.

On today’s episode, I’ll share the two other upgrades that are a waste of money on a rental property. I’ll also talk about purchasing water heaters and furnaces. These tips can save you a lot of money on your renovations; don’t miss episode 120 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

The three biggest ways investors waste money on a rental property renovation. Spending too much on a renovation will cut into your return on investment. The point is to have a high ROI, so you have to find a balance.

On this episode you’ll learn:

  • Should you create a master suite in your rental property?
  • What kind of flooring is best for a rental property bathroom?
  • Where is the best place to find a water heater?
  • Should you put carpet or hardwood floors in bedrooms?
  • And much more about rental property renovations! 

Episode Resources
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

EP119: Tax Saving Strategies for Real Estate Investors - Interview with Amanda Han and Matt MacFarland

Book a call with our team: https://goo.gl/dezwHT

One of the most powerful benefits of rental real estate is its ability to reduce your overall tax burden. However, you want to make sure you’ve got an exact strategy in place. Determining how to maximize your investments can be confusing, and that's why it's important to take advice from an accountant who fully understands real estate. 

On today’s episode, I’m sitting down with CPAs Amanda Han and Matt MacFarland. They’re a husband and wife team who specialize in real estate tax planning. They’re sharing everything you need to know about mitigating your overall tax burden, maximizing depreciation, and more! Don’t miss this episode of Investing in Real Estate!


More About This Show
Although Amanda and Matt have similar backgrounds in terms of their work experience, they had very different circumstances that led them to real estate investing. For Amanda, although she comes from a long line of real estate investors, she showed little interest in investing until she read Rich Dad Poor Dad.

Matt, on the other hand, was working as a CPA and was filing an individual’s tax return. The client had no job, and his only source of income was through real estate. Matt was astounded at the client’s amount of cash flow for a person without a job.

As CPAs who specialize in real estate, Amanda and Matt fully comprehend the tax benefits of owning real estate. Being strategic about your taxes can entirely change your real estate experience. For example, unlike any other investment type, real estate investments are allowed deductions for depreciation.

There is no rhyme or reason for this deduction. As a matter of fact, real estate investments typically appreciate, but the IRS allows investors to write off depreciation and shelter their cash flow. Additionally, Amanda explains that in 2016 there was a bonus depreciation of 50% deduction for brand new appliances installed in rental properties.

On today’s show, Amanda and Matt are sharing their wisdom on tax strategies for real estate investors. We’ll talk more extensively about depreciation, 1031 exchanges, deductions, and more! Amanda and Matt are so knowledgable about this topic; don’t miss episode 119 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

One of the most powerful benefits of rental real estate is its ability to reduce your overall tax burden. However, you want to make sure you’ve got an exact strategy in place to maximize your investments. 

On this episode you’ll learn:

  • What’s the difference between purchasing properties under an LLC and as a sole proprietor?
  • How can you use depreciation as a tax strategy?
  • Under what circumstances is a 1031 exchange unnecessary?
  • How can you improve your taxation rate in 2017?
  • And much more!

Episode Resources
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland

Rich Dad Poor Dad by Robert T. Kiyosaki
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Amanda Han and Matt MacFarland
Call Keystone CPA at 877-975-0975
Website
Facebook
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LinkedIn

EP118: How to Bounce Back From a Setback

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If you’ve been listening to the show for a while, you’ve heard me mention that I’ve undergone foreclosures and had my assets frozen. I’ve never entirely divulged that story. Recently, I was reminded of the setbacks I’ve experienced in real estate, and have been reflecting on how to recover from failures.

On this episode of Investing in Real Estate, Natali and I are sharing in depth the setbacks we have experienced in real estate. We’re talking about the lessons you learn when you fail, how to avoid roadblocks in the future, and more. Join us for episode 118 of Investing in Real Estate!

More About This Show
As much as we love to share our triumphs, it’s important to be transparent and say that there have been some bumps in the road in our real estate journey. In the moment, a disappointment can feel defeating. There are times when a setback feels like the end of the world.

But the saying “you win some, you lose some” is true. To some extent, setbacks are to be expected. I’m so inspired when I hear from investors who suffered from defeat, perhaps in the market crash, but are ready to take another swing at it. Getting up and trying again shows resiliency.

This week, we’ve been cleaning up the mess from one of my past real estate failures. It’s not even the direct result of something that was my fault, but it still feels nerve-wracking. I'm happy to end this chapter of my journey, but I also think it's important to reflect on its significance.

When faced with a setback, there are lessons to be learned. It’s important to not let failure stop you from trying again. It’s important to have the right fundamentals in place, such as investing for cash flow, and purchasing properties below market value. 

On today’s show, Natali and I are sharing the details of our past setbacks in real estate. We’ll talk about working through defeat as a team, and how to move forward confidently. Don’t miss this episode of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

We’ve been cleaning up the mess from one of my past real estate failures. We talk about working through defeat as a team, and how to move forward confidently. When faced with a setback, there are lessons to be learned.


On this episode you’ll learn:

  • What is the importance of investing within a business entity?
  • What happens in a deficiency judgment?
  • Why is it unsafe to invest in speculative projects?
  • Should you invest for appreciation?
  • And much more!

Episode Resources
EP113: Using Visualization to Build Wealth and a Brilliant Life – Interview with Rod Khleif
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

 

EP117: The Buy Until You Die Strategy

Book a call with our team: https://goo.gl/dezwHT

One lesson I learned early on as a buy and hold investor is how important it is to continue purchasing properties. When I started attending real estate meetings, I would ask experienced investors what their biggest regret was. They would always answer, “I regret selling rental properties!”

On this episode of Investing in Real Estate, I’m speaking about the importance of the hold in buy and hold investing! I’ll share why you should almost never sell your properties, and the significance of purchasing properties constantly. Don’t miss episode 117!

More About This Show
Typically when investors sell their rental properties, they do so in a panic. Maybe they’re scared about the outlook of the market, or just generally nervous and fearful. Doing so is a mistake; it relinquishes all the benefits of receiving cash flow.

Certainly it’s beneficial to assess your portfolio periodically. If you find there is a particularly weak link, perhaps you should consider selling it. Let’s say the cash flow isn’t working, or the city raised the taxes through the roof, then you might want to sell.

But overall, you shouldn’t be trying to sell properties regularly. In fact, I find there are very few instances where it’s appropriate to sell a property. I learned early on that very successful investors keep their properties until the end of their lives, and then pass the investments down to their children or other heirs.

Not only that, high level investors continue to buy nonstop! If you stop purchasing properties, you forfeit all of the incredible tax benefits that come with being a real estate investor!  The deductions that come with purchasing rental real estate are incredible.

If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

Why you should almost never sell your rental properties, and the significance of purchasing properties constantly. The importance of the hold in buy and hold investing.
  • In what scenarios should you consider selling a property?
  • What happens with taxes if you sell a rental property?
  • What is the importance of buying rental properties in a legal entity?
  • If you have to sell a property, how can you mitigate the tax burden over many years?
  • And much more!

Episode Resources
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

EP116: You CAN Make Money with Low Cost Rental Properties - Interview with Robert Shemin

Book a call with our team: https://goo.gl/dezwHT

There are a lot of naysayers out there. You know the type: they spend every waking hour perusing internet forums, discouraging people from taking action. The problem is, the people that say you can’t are usually the very people who have never even tried. And one thing those kinds of people love to say is, “You can’t make money investing in low cost real estate!”

Instead of listening to someone who’s never done it, it's much better to take advice from someone who has. On this episode of Investing in Real Estate, Robert Shemin is back to bust common myths about low cost housing, C class neighborhoods, and more! Don’t miss episode 116 of Investing in Real Estate!

More About This Show
If you’re unfamiliar with Robert’s story, this is the third time he’s been on the podcast. You can hear him on episode 28 and episode 31. Here’s a quick overview: Robert is a millionaire real estate investor and New York Times Best Selling author. He’s grown his portfolio largely through investing in low cost properties.

When asked if it’s possible to make money in real estate by purchasing low cost properties, Robert countered that not only is it possible, it’s probable! In C neighborhoods, it’s much easier to find profitable deals where the cash flow is high.

Robert loves these types of properties, because he finds it’s fulfilling to take a low cost house and turn it into a great, stable home for a hardworking tenant. Contrary to popular belief, Robert thinks the quality of tenant is high in a low cost property. He finds that tenants in these areas honestly appreciate their property, take care of it, and are generally good people.

 On today’s show, Robert is sharing the truth about low cost real estate properties. We’ll discuss the quality of tenants, economic collapse, markets, and more! Robert has so much wisdom to share; join us for this episode of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

When asked if it’s possible to make money in real estate by purchasing low cost properties, Robert countered that not only is it possible, it’s probable! In C neighborhoods, it’s much easier to find profitable deals where the cash flow is high.

On this episode you’ll learn:

  • What are the benefits of providing Section 8 housing?
  • What is a home warranty, and what purpose does it serve?
  • What are the two biggest myths Robert hears about low cost properties?
  • How can you build appreciation into your investment purchase?
  • And much more!

Episode Resources
How Come That Idiot’s Rich and I’m Not? by Robert Shemin
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

 
Contact Robert Shemin
Website
Facebook
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LinkedIn