EP215: How to Find Discounted Properties - Interview with Brent Daniels

Investing In Real Estate Podcast (1).png

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

This episode of Investing in Real Estate is sponsored by ZipRecruiter. With ZipRecruiter, you can post your job to 100 plus job sites with just one click. Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates with immediate results. Visit ZipRecruiter.com/investing to post your job for free!

Wholesaling is a means that many investors, myself included, have used to jump into the world of real estate investing. As a wholesale investor, you don’t actually own properties. Rather, you find contracts and sell them, and then collect a finder’s fee. Wholesaling is a great way for someone with limited capital to kickstart their investing journey and get funds in the bank quickly.

On this episode of Investing in Real Estate, I’m interviewing Brent Daniels of Wholesaling Inc. Brent is a master wholesaler and expert cold caller who works with my mentor in wholesaling, Tom Krol. On today’s show, Brent is walking us through how to find discounted properties through wholesaling, and what it takes to successfully cold call. We’re also sharing a special offer; don’t miss episode 215 of Investing in Real Estate!

More About This Show
Brent explains that he fell into wholesaling. He’s been a licensed real estate agent since 2004, but after the crash he had no budget for real estate. He began door knocking in neighborhoods that he knew were popular among investors.

His intention was to find off-market properties for his investor clients, get the properties under contracts, and they would assign the contracts to a different investor. The closing statement on his first deal had a $30,000 assignment fee. As a realtor, he didn’t understand what an assignment fee was.

He quickly learned that an assignment fee is a finder’s fee that a wholesaler takes for finding the deal. Next, Brent took Tom Krol’s course, and his wholesaling career exploded. He and his team were able to earn over $730,000 in assignment fees in their first deal.

Wholesaling is an incredible way to create capital in real estate. If you’re interested in pursing this strategy, we have partnered with Wholesaling Inc. to help you get off on the right foot. Click here to get your start in wholesaling.

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 are the two main courses that Wholesaling Inc. provides?
  • How much can you make in a wholesaling deal?
  • Why is wholesaling such an effective strategy?
  • What does TTP mean?
  • What are the four cornerstones of cold calling?
  • And much more!

Episode Resources
ZipRecruiter
Special Offer: Work with Wholesaling Inc.
EP002: Why a Florida Investor Buys Rental Properties in the Midwest [Case Study with Tom Krol]
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 Daniels
Website
LinkedIn

Brent is walking us through how to find discounted properties through wholesaling, and what it takes to successfully cold call.

EP212: Deep Diving the Infinite Banking Concept - Interview with Nate Scott and Holly Reed

3.png

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

This episode of Investing in Real Estate is sponsored by Care.com. Care.com is the easy and reliable way to find and manage care for everyone in the family. To save 30% off a Care.com Premium membership, visit Care.com/investing.

This episode of Investing in Real Estate is also brought to you by SaneBox. SaneBox sorts through your email and moves all of the trivial stuff into a different folder, so the only messages in your inbox are the ones you actually want to see! Visit sanebox.com/investing today and they’ll throw in an extra $25 credit on top of the two-week free trial!

Like most people who are passionate about creating financial freedom, I’m always interested in learning ways to make my money work for me. The Infinite Banking Concept is an incredible tool you can use to reach your financial goals. Whether you’re looking to pay off credit card debt, purchase a car, or buy a cash flowing rental property, this system can help you not only reach your goal, but also make a profit!

On this episode of Investing in Real Estate, I’m sitting down with Nate Scott and Holly Reed of Living Wealth to discuss the ins and outs of the Infinite Banking Concept. You’ll learn about how to build your own private banking system and how to use this strategy to grow your real estate portfolio. Nate and Holly are experts on creating wealth; you won’t want to miss today’s show!

More About This Show
The Infinite Banking Concept, created by Nelson Nash is a method for individuals to use whole life insurance in a creative, effective way. The Infinite Banking Concept teaches individuals to act as their own bank. In their roles at Living Wealth, Nate and Holly encourage people to take advantage of this system.

While most people use whole life insurance for protection, banks are actually the largest purchaser of whole life insurance. Nate and Holly explain that in order to build wealth, you have to replicate the banks’ process. Big banks don’t purchase the policies and let cash accumulate over time.

Instead, they use the cash value to fund everything they do. This works because there’s a guaranteed growth rate on the life insurance, and it grows tax-free. In terms of buy-in, typically the minimum is a death benefit of $25,000.

Another incredible benefit of this system is when you take a loan, it comes from the life insurance company, and not your individual policy. Because of this, your money continues to grow in your account at the guaranteed growth rate. There is also no strict repayment plan, and no amortization schedule. There are very few limits to what you can do with this strategy!

On today’s show, Nate and Holly are sharing even more about creating your own banking system through whole life insurance. We’ll discuss the cost to get started, and how to change the way you use interest. You’ll also learn about Nate and Holly’s podcast, business, and partnership! 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:

  • Why do big banks purchase whole life insurance?
  • How is the Infinite Banking Concept similar to leveraging a rental property?
  • What is the typical guaranteed growth rate on a whole life insurance policy?
  • How does Infinite Banking Concept compare with borrowing from a 401k plan?
  • How can you use this strategy to overcome debt?
  • And much more!

Episode Resources
Care.com
Sanebox
Dollars and Nonsense Podcast
Lifestyle Banking
Becoming Your Own Banker by Nelson Nash
The Tree of Wealth by Ray Poteet
Lifestyle Banking Beginner’s Course
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 Nate Scott and Holly Reed
Website
Facebook
Twitter
LinkedIn

The Infinite Banking Concept is an incredible tool you can use to reach your financial goals. Whether you’re looking to pay off credit card debt, purchase a car, or buy a cash flowing rental property, this system can help you not only reach your goal, but also make a profit!

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

Investing In Real Estate Podcast-81.png

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

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.

EP202: How Your Kids Can Invest in Real Estate with an IRA

2.png

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

If you’re a frequent listener of this show, you know that we are always looking for ways to build legacy wealth for our family, as well as legally reduce our overall tax burden. Since we’ve had children, we discovered another investing strategy that builds an incredible amount of tax-free dollars!

On this episode of Investing in Real Estate, Natali and I are sharing why and how our children have self-directed Roth IRAs. We’ll discuss how they qualify for IRAs, and how they earn income. You’ll learn about the pros and cons of a pre-taxed plan, how custodial accounts work, and much more! Please join us for episode 202 of Investing in Real Estate!

More About This Show
Our children have self-directed Roth IRAs. Our daughter, Ava, has had her account since the age of three. Per the IRS rules, there is not a minimum age to open an IRA. However, the person must have earned income.

You might be scratching your head—how can a three year old have earned income? It’s possible! You see children in ads every single day who are paid for modeling gigs. Since our real estate business is a business (read: LLC), we are able to give our children jobs, and pay them accordingly.

They work for our business by doing small administrative tasks. For example, every Saturday, it is their duty to shed documents, put stamps on envelopes, and deliver outgoing mail to the post office.  This is legitimate work; their money, which is being deposited into their IRAs, is indeed earned. 

Because their IRAs are self-directed, there is a list of things those funds can be invested in, one of which is real estate. And although their IRAs have a limit of $5500 per year, which is typically not enough to purchase a property, there are some ways to bypass this issue. For example, our son and daughter could combine their funds, and purchase a property together in a few years. Our children could partner with someone else, or lend private notes on a property.

Not only are our children receiving high returns on their investments, but also their accounts are pre-taxed! This means we’re paying taxes on the dollars before they are put into the IRAs, but at retirement age, the money will be tax-free! The potential for growing these accounts is incredible.  

On today’s show, we’ll go into depth about the different types of IRAs. We’ll talk about the rules for self-directed custodial IRAs, and how you can find your own retirement accounts. You’ll learn about tax brackets, the potential results of this strategy and more!

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 are the benefits of a pre-tax IRA?
  • What is the difference between a traditional and Roth IRA?
  • What is a commonly held misconception about 401ks?
  • Are there rules about what a self-directed IRA can and cannot be used for?
  • And much more! 

Episode Resources
EP065: The Power of Self-Directed IRAs – Interview with Scott Maurer
Investing in Real Estate Using Self-Directed IRA – Guest Post by Dmitriy Fomichenko
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

Since we’ve had children, we discovered another investing strategy that builds an incredible amount of tax-free dollars! Self-directed IRAs for our kids.

EP196: The Three Stages of Real Estate Investing (encore episode)

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

If you’re wondering when you’ll achieve financial freedom through real estate investing, there’s a simple formula that can help. On this episode, I’m elaborating on the three stages of real estate investing from Gary Keller’s book, The Millionaire Real Estate Investor.

Today, I’m going to walk you through the stages of real estate investing, including when you should expect to reach each one. This is an important concept to understand; you won’t want to miss episode 196 of Investing in Real Estate!

More About This Show
The first stage of real estate investing is buying. In this stage, you shouldn’t be concerned with making money, which I know seems counterintuitive. This stage is simply about building your net worth, and letting your rental payments go toward paying off your loan or private lender.

The second stage of investing is when you own your properties. At this point, you’ve paid back your lenders. Once you own your properties outright, you’re well on your way to reaching your goal.

The last stage of real estate investing is when your properties are cash flowing. This is the stage that many people look ahead at prematurely. It’s the main goal; this is the destination in which you will reach true legacy wealth.

I find that many people tend to look at these stages in reverse, and want to attain the cash flow immediately. I’ve been there in my own business. It’s incredibly important to keep these stages in mind in order to meet your end goal of financial freedom.

On today’s show, I’ll explain how I keep this process in mind for my own business, and how you too can get started achieving financial freedom. I urge you to find your Freedom Number to begin on this journey.

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 long should it take to accumulate a portfolio of real estate investments?
  • What is the rule of thumb for leveraging properties?
  • When should you be focused on cash flow?
  • How should you allocate profit in stage one?
  • And much more about buy and hold investing!

Episode Resources
The Millionaire Real Estate Investor by Gary Keller
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

 

Walks you through the stages of real estate investing, including when you should expect to reach each one.

EP189: What Is "Home Bias" and Why You Should Avoid It

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

Have you ever heard the term “home bias?” On today’s show, I’m sharing the definition of home bias, as well as a concrete example. I’ll share how you can avoid this trap, and make sure your portfolio is well diversified.

On this episode, I’ll talk about the overall sector weights of investments. You’ll learn why land is generally underrepresented, and why it’s common for investors to fall into home bias. Don’t miss episode 189 of Investing in Real Estate!

More About This Show
If you have a 401k, IRA, or other stock market based investment tool, chances are that real estate is exceedingly underrepresented in your portfolio. Given the current market volatility and concerns that major economics have about the future, this is a big problem!

In the MSCI All Country World Index, real estate only comprises 3.2% of total investments. And although this data is a reflection of large and mid cap investors, the same is true for individual investors.

The majority of people believe that owning their primary residence is enough. But when it comes to personal wealth allocation, we’ve been told that owning your home is the American Dream. However, that's no way to build wealth.

Limiting the real estate you own to just the home you live in is the equivalent to only purchasing local stocks. This is home bias! Home bias is the tendency for investors to purchase domestically, instead of diversifying globally.

On today’s show, I’ll dive deeper into home bias. You’ll learn about why real estate is an incredible investment opportunity. If you want to ensure your portfolio is diversified, this episode is for you! 

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 are the three things you need in economics to do business?
  • What is the MSCI All Country World Index?
  • Which category takes up the majority of investors’ portfolios?
  • What is a REIT?
  • And much more!

Episode Resources
MSCI All Country World Index Sector Weights
EP065: The Power of Self-Directed IRAs – Interview with Scott Maurer
EP180: The Worst Crash in Our Lifetime is Coming
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 heard the term “home bias?” Here's how you can avoid this trap, and make sure your real estate investing portfolio is well diversified.

EP182: How to Use Cash Value Whole Life Insurance to Buy Real Estate - Interview with Jimmy Vreeland and Bob Scott

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

This episode is brought to you by Thumbtack. Visit thumbtack.com to find pros in over 1000 categories to help with your project.

The Infinite Banking Concept allows individuals to create their own banking system using a life insurance policy. This is an excellent strategy for acquiring real estate investments, due to the ease of access to capital, and the ability to invest without restrictions. This method is not at risk to market volatility, and the payback structure is flexible.

Today’s guests have built their vast real estate portfolio by using cash value whole life insurance. Jimmy Vreeland and Bob Scott have partnered together to build a portfolio of over 120 investment properties. Jimmy and Bob are here to share their experience with purchasing real estate from insurance policies, and why they structure their real estate business around lease options. Don’t miss this episode of Investing in Real Estate!

More About This Show

When Jimmy Vreeland and Bob Scott heard M.C. Laubscher discuss the Infinite Banking Concept, their interest piqued. The pair reached out to M.C. and picked his brain about how to get involved with cash value whole life insurance.

Using cash value whole life insurance as a personal bank gives the consumer direct access to liquidity. The funds in the account are not at risk to the banking system or market volatility. Additionally, all funds in the account can be accessed quickly.

Another benefit to this strategy is that the pay back terms can be scheduled in a myriad of ways. The policyholder is in complete control. The funds can be paid back monthly, quarterly, annually, or even deferred until death!

Jimmy and Bob posit that using this strategy has completely changed their investing journey. Now, they own over 120 investment properties together in St. Louis. All of their properties are lease option houses, which mitigates their liability of rehabs, and helps them find individuals who are more qualified than a traditional tenant.

On today’s show, Jimmy and Bob are sharing more details about their investing strategy. We’ll talk about how they structure their deals, and why more people don’t use cash value whole life insurance to buy real estate. It’s all here on episode 182 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 much of your insurance policy can you access?
  • How long does it take to access capital?
  • What is the death benefit?
  • Are their restrictions to what the funds can be used for?
  • What are the benefits to offering lease options?
  • And much more!

Episode Resources
Thumbtack
EP122: How to Build Wealth Outside of Wall Street – Interview with M.C. Laubscher
Rich Dad’s Cashflow Quadrant by 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 Jimmy Vreeland and Bob Scott
Website
YouTube

The Infinite Banking Concept allows individuals to create their own banking system using a life insurance policy.