EP242: From Zero to His First Property Fully Rented [Case Study]

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This episode of Investing in Real Estate is brought to you by Morty! Morty not only simplifies the mortgage process, but they help you find the best mortgage to fit your needs. Whether you’re a first-time homebuyer or real estate investor, head over to trymorty.com/investing to get started today!

Recently on the podcast we’ve covered the stories of many high level, millionaire investors. However, it’s important to remember that all of these successful individuals started somewhere, and every robust portfolio started with one property.

On today’s show, we’re bringing you a case study episode featuring a new investor! Anthony Chiappetta is an IT entrepreneur based out of California. He recently acquired two turnkey properties, and he’s here to share his journey toward financial freedom!

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Anthony runs a successful IT company in Southern California, and he’s always aspired to become an investor. Because of his knowledge of the Rich Dad philosophy, he knew that being an investor and a business owner is the sweet spot.

But living in California, it’s nearly impossible to find high return real estate deals. When a friend told Anthony about our turnkey properties in the Midwest, he decided to do some research and ultimately begin investing.

Currently, Anthony owns two rental properties in the Midwest. His plan is to reach his Freedom Number: 150. He’s excited about the idea of growing his portfolio and building legacy wealth for his family.

On today’s show, Anthony is sharing more of his insight into what it takes to begin investing. We’ll talk about overcoming fears and limiting beliefs, and how to stop self-sabotage. We’ll also discuss financing options for growing a portfolio, and much more! 

On this episode you'll learn:

  • What are the best resources for learning about private financing? 
  • What is an equity partner?
  • What are Anthony's current learning opportunities in his real estate business?
  • Is real estate investing too good to be true?
  • And much more! 

Episode Resources
Morty
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad's Cashflow Quadrant by Robert Kiyosaki
EP034: The Power of Private Money - Interview with Susan Lassiter-Lyons
Getting the Money by Susan Lassiter-Lyons
The Big Leap by Gay Hendricks
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 Anthony Chiappetta
Website
Twitter

 A case study episode featuring a new investor! Anthony Chiappetta is an IT entrepreneur based out of California. He recently acquired two turnkey properties, and he’s here to share his journey toward financial freedom!

EP241: A Conversation with a Millionaire Retired Landlord

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

A few months ago, we posted a video in which we discussed the behind the scenes decision-making process of a potential real estate purchase. Since then, we ultimately decided to follow through on the purchase. This deal was unlike our other real estate purchases. Typically we conduct the entire closing process electronically, and never see our rentals in person.

However, this was a rare local purchase, and I actually was able to speak with the seller—a retiring millionaire landlord. On today’s show, Natali and I are sharing the lessons we’ve learned from this experience. Please join us on episode 241 of Investing in Real Estate! 

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We just recently closed on a deal that we’ve been working on for the last few months. And although we encountered issues with lenders and appraisals, this ended up being an incredible learning experience.

The man we purchased these properties from has been a real estate investor for over 40 years. He became a millionaire from his real estate investing, but in our opinion, there are a lot of things he could have done differently.

For instance, he was the classic case of the tired landlord. This man managed his entire real estate portfolio entirely on his own. He had no one helping him screen tenants, collect rent checks, or maintain his properties. As you might know by now, this is a full time job! In order to make real estate investing sustainable and scalable, working with property management is key.

Something else we immediately noticed is that he and his wife owned these properties as sole proprietors. We know from our research that owning properties in LLCs provides great protection and tax implications.

On today’s show, Natali and are sharing what we’ve learned from this experience. We’ll talk about how this purchase differs from the bulk of our portfolio, how real estate investing has changed over the years, and much more! Don’t miss episode 241 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. 

On this episode you’ll learn:

 The man we purchased our recent properties from has been a real estate investor for over 40 years. Here's what we learned from talking to a retired millionaire investor.

EP240: How the Banking Industry Is Like the Processed Food Industry

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This episode of Investing in Real Estate is sponsored by ProVision Wealth Strategists. Taxation is one of the most powerful tools for wealth creation if you understand how to use the tax law to your advantage. ProVision is a CPA firm developed exclusively to help entrepreneurs and investors like you maximize your tax benefits. Learn more at provisionwealth.com.

As 2017 comes to a close, I’ve been noticing an influx of commercials for banking and retirement products. Recently, I had an epiphany: the banking industry is similar to the food industry in terms of advertising.

On this episode of Investing in Real Estate, I’ll discuss how the messages we receive about finances are like the messages we receive about food. I’ll talk about why you don’t see commercials for real estate investing, and how to start breaking out of traditional paradigms about wealth building. Don’t miss this episode of Investing in Real Estate!


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Food author Michael Pollan posits that you shouldn’t eat food you see commercials for. Pay attention to the commercials the next time your children are watching tv—you’ll see plenty of ads for sugary cereals and other processed junk. But broccoli and oranges? Totally absent.

Have you ever wondered why there are no commercials for real estate investing? Big retirement planning companies advertise so they can make a commission, but real estate investing doesn't benefit anyone but the investor. There is no middleman; there’s no one making a commission.

It’s the same thing. Big companies and industries are promoting the products that will make them the most money. They don’t have your best interests in mind. Whether it’s your health or your retirement plan, these industries are only worried with lining their pockets.

On today’s show, I’ll speak more in depth about this parallel. I’ll talk about why financial advisors don’t recommend real estate investing, and how you can start seeing these ads through a different lens. Please join me for episode 240 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.

 On this episode you'll learn:

  • Why should we pay attention to what is marketed to children?
  • Why don't real estate investors recommend real estate investing?
  • How does Wall Street benefit from commercials?
  • And much more!

Episode Resources
Provision Wealth Strategists
EP234: Why Financial Advisors Won't Talk to You About Real Estate - Interview with Brent Sutherland
EP025: How to Build a Real Estate Empire - Interview with Kim Miller
The Omnivore's Dilemma by Michael Pollan
In Defense of Food by Michael Pollan
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

 Have you ever wondered why there are no commercials for real estate investing? The secret's in the reason there ARE all kinds of commercials for processed food. Here's what junk food can teach you about real estate.

EP234: Why Financial Advisors Won't Talk to You About Real Estate - Interview with Brent Sutherland

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

You probably already know that real estate is the best way to build wealth and get a high return on investment. In fact, more millionaires in this country attained their wealth via real estate than any other means. So why don’t financial advisors recommend real estate investing to their clients? This is a question I’ve always wondered, so I’m excited to bring you this show!

On this episode of Investing in Real Estate, I’m interviewing Brent Sutherland, a financial planner and real estate investor. Brent is pulling back the curtain and discussing his insight into the world of financial planning. We’ll talk about how financial advisors get paid, and the general lack of education in the industry.

More About This Show
I’ve always thought that if financial planners had their clients’ best interest at heart, they would recommend real estate investing. But, that’s not a common occurrence, so there must be a reason why. That’s why I sat down with Brent Sutherland to hear the truth about financial advisors.

Brent explains that there are two main reasons why financial advisors aren’t quick to recommend real estate. First of all, it has to do with their compensation plan. Traditionally, financial advisors are paid a commission-based wage. They’re licensed to sell investment vehicles like stocks, bonds, and annuities. Financial advisors don’t get paid when they recommend real estate, nor are they licensed to do so.

Also, there’s a general lack of education about real estate investing in the traditional advisory world. Most financial advisors simply are not well versed about the merits of real estate. But Brent is different—in his career as a financial advisor, he noticed that most successful, wealthy people had something in common: a robust real estate portfolio!

Once he began educating himself about the benefits of real estate investing, he realized it was something that he wanted to pursue personally, as well as help his clients understand. He eventually started his own practice where he helps people truly build wealth and attain financial freedom. 

On today’s show, you’ll learn about how to create your own pension plan, and why diversification doesn’t matter if you lose your job. Brent is also sharing his Freedom Number, and the importance of cash flow for financial freedom. Don’t miss episode 234 to hear more about why financial advisors won’t recommend investing in real estate! 

On this episode you'll learn:

  • What questions should you ask your financial advisor? 
  • What is Brent's Freedom Number?
  • What are the two forms of compensation that most financial advisor receive?
  • And much more!

Episode Resources
Fund&Grow
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 Brent Sutherland
Website
Facebook
Twitter
LinkedIn

 I’ve always thought that if financial planners had their clients’ best interest at heart, they would recommend real estate investing. But, that’s not a common occurrence, so there must be a reason why. That’s why I sat down with Brent Sutherland to hear the truth about financial advisors.

EP233: What's the Worst That Could Happen? - Interview with Thembi Bheka

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This episode is brought to you by ZipRecruiter. With ZipRecruiter, you can post your job to 100+ job sites with just one click. Right now, Investing in Real Estate listeners can post jobs on ZipRecruiter for free by visiting ZipRecruiter.com/investing. 

You probably already know about the countless benefits of owning rental real estate, and I bet you’ve thought about what your life will be like once you reach financial freedom. But today’s guest is challenging us to take the opposite approach. What would happen if you didn’t invest in real estate?

On this episode of Investing in Real Estate, I’m joined by Thembi Bheka. Thembi is a real estate investor, mentor, educator, and member of the prestigious REIN. Thembi came to Canada from Zimbabwe as a refugee, and bootstrapped her way to becoming a successful investor. Thembi is passionate about helping others and giving back, and on today’s show, we’re discussing the far-reaching implications of creating financial freedom. 

More About This Show
Thembi’s story is incredible—after fleeing from an unsafe situation in Africa, she trained as a nurse in Canada. One night after a difficult night shift, she came across an ad for real estate investing. Thembi began soaking in tons of information, including reading Rich Dad Poor Dad by Robert Kiyosaki.

She began purchasing buy and hold investments in order to build wealth. Then once she discovered joint venture partners, her portfolio snowballed. Now, she dedicates her time to helping other immigrants reach success through real estate investing.

She teaches prospective investors how to get started with none of their own money, and the power of building relationships. Thembi explains that as an immigrant, it’s easy to slip into the mindset that you can’t create wealth. That’s why she is passionate about changing those ideas and helping immigrants overcome their fears.

Thembi explains that she feels called to share her knowledge about the power of real estate with others. To hold that knowledge to herself and deny others the benefits would be selfish. She also describes that through her financial situation, she is able to help others. She uses a portion of her extra income to donate to Africa. If Thembi did not invest in real estate, people would likely die.

On today’s show, Thembi is sharing the details of her personal investing strategy. We’ll discuss what she looks for in a deal, and how the real estate market varies in Canada. We’ll also discuss Thembi’s real estate summit, her favorite educational resources, and more. Thembi’s story is so inspiring, 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 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.

On this episode you’ll learn: 

  • What kind of properties does Thembi invest in?
  • What is the number one resource Thembi recommends to all immigrants who want to invest?
  • What is the importance of surrounding yourself with like-minded people?
  • What is the real estate market like in Canada?
  • And much more!

Episode Resources
ZipRecruiter
The Global Real Estate Summit
REIN
Rich Dad Poor Dad by Robert Kiyosaki
EP191: How to Leverage Debt to Build Wealth - Interview with Robert 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 Thembi Bheka
Website 
Facebook
Twitter
LinkedIn

 Thembi Bheka talks about her experience with real estate investing, and what could happen if you DON'T invest in real estate.

EP220: How to Think Like a Wealthy Investor

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I’ve been poor, and I’ve been wealthy. You might be surprised to learn that the biggest difference between the two is not about money, but more so about mindset. The good news is, if you’re purposeful you can change your mindset, which will in turn change your financial situation.

On this episode of Investing in Real Estate, Natali and I are discussing wealth consciousness, and how to manifest wealth in your life. We’ll talk about identifying self-sabotaging thoughts, and dismissing fear-based ideas about money. If you’re ready to change the way you think about wealth creation, this episode is for you!

More About This Show
I spend a lot of time talking to people who are interested in building wealth through real estate. And unfortunately, I’m met with a lot of fear-based objections. Many people out there are simply not in the right headspace to begin creating wealth.

If you think you cannot change your financial situation due to personal circumstances, that’s a lie you are telling yourself. I truly believe that we hold the ability to manifest money through our thoughts. And if you’re telling yourself that your situation will never improve, then that’s exactly what will happen.

That’s why it’s important to take inventory of your thoughts, and think about what triggers you. If you are able to identify those thoughts and fears, then you can quiet them. If you really want to create change, you’ll need to squash any beliefs that do not align with your goal. 

On today’s show, we’ll talk about creating a pathway toward financial freedom, and why complaining that something is too expensive is dangerous. You’ll learn about changing your world view by being cognizant of your thoughts, and how to grow your bank account through manifestation. Don’t miss episode 220 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.

On this episode you’ll learn:

  • How can you attract other people who have money into your life?
  • What is the importance of meditation in wealth creation?
  • Why is holding onto money fear-based?
  • What is a “poor mindset?”
  • And much more!  

Episode Resources
Free Download: Confronting Your Limiting Beliefs
Awareness by Anthony De Mello
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 

 I’ve been poor, and I’ve been wealthy. You might be surprised to learn that the biggest difference between the two is not about money...

EP210: I Want to Retire Early. Where Should I Invest?

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This episode of Investing in Real Estate is sponsored by eero. With eero, you can install an enterprise-grade WiFi system in your home in just a few minutes. For free overnight shipping on your order, visit eero.com and select overnight shipping at checkout, then enter promo code INVESTING.

Recently a fellow real estate investor sent me a news article that represented the major issues with ideals about wealth building in our country. When I read the article, I knew I had to sit down and record a podcast episode on everything the writer got wrong about wealth building and planning for retirement.

On this episode of Investing in Real Estate, I’ll walk you through this article, and share my commentary. I’ll talk about the major false premises that many people believe about wealth building, and how to actually plan for early retirement. Don’t miss episode 210 of Investing in Real Estate!

More About This Show
This particular article began with a reader question. The reader wanted to retire early, so he was asking for advice on the best method to do so. This person admitted to having several retirement accounts, but wanted to invest elsewhere to avoid early withdrawal fees.

The author responded with three steps the reader should follow in order to be able to safely retire early. First, the author suggested to run the numbers and ensure that retirement savings were adequate. The article explains that a person making $100k per year should save $3.3 million. I see few scenarios in which a person could quickly scrounge up millions of dollars to save for retirement. This is flawed thinking!

Secondly, the author suggested the reader choose a flexible retirement account, such as a pre-taxed roth IRA. This isn’t the worst advice I’ve ever heard, but there are much better options. Instead, a person could put their funds into a self-directed IRA and either purchase real estate, or lend private money to receive a high return on investment.

Lastly, this article emphasizing the importance of investing in extra retirement vehicles like stocks and bonds. I don’t know about you, but I would rather make 10-12% return on investment with real estate investments. For most retirees, a tangible asset that produces $700 every month is much more favorable than measly returns on stocks! 

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.

On this episode you’ll learn:

  • Do you need to save money in order to retire?
  • What is the average 401k balance in the US?
  • What is the difference between piles of cash and streams of cash?
  • What is the false premise about waiting for retirement that this article reinforces?
  • And much more!

Episode Resources
eero
CNN Money Article
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

 The major false premises that many people believe about wealth building, and how to actually plan for early retirement.