Claim OwnershipThe Del Walmsley Radio Show
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© 2024
Description
After only 2 1⁄2 years of investing in real estate, Del Walmsley used the income from his Single Family rental houses to replace his earned income and quit his W2 job as Director of Sales within a Health Club. Today, Del is a self-made multimillionaire, dedicated to teaching and mentoring others so they can reclaim ownership over their time, retire from lives of quiet desperation, and create the lifestyle they desire.
160 Episodes
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Del Walmsley interviews Jeff Havis from Temple, Texas, a newcomer to real estate investing. Jeff had long been interested in real estate but felt financially trapped in his 9-to-5 job, comparing it to crabs pulling each other back into the pot. With encouragement from his wife, he overcame his hesitation after joining Lifestyles Unlimited and purchased his first rental property in Houston. Now actively expanding his portfolio, Jeff is focused on achieving long-term financial independence.
Del Walmsley shares two key lessons: turning challenges into opportunities and the forgiving nature of real estate. He recounts purchasing five duplexes—a deal that seemed problematic but became a great investment. Despite initial hurdles, he stabilized the property, achieved full occupancy, and generated strong cash flow. Del highlights how persistence and problem-solving lead to success, proving that real estate offers opportunities even in tough situations.
Del Walmsley outlines two possible outcomes of the "Trump effect" and how each could impact the real estate market, acknowledging both positive and negative possibilities. Despite these risks, he argues that real estate investors can still thrive in a downturn by acquiring distressed properties at lower prices and capitalizing on migration trends as people move to more economically favorable regions. Regardless of economic cycles, investors who understand market shifts and position themselves strategically can benefit from both scenarios.
Del Walmsley hosts Jeff, who discovered Lifestyles Unlimited through AM radio and decided to attend a 2-day seminar with his wife, Susan. Initially skeptical, Susan became fully convinced after the seminar, leading them to join Lifestyles Unlimited in 2021. Now deeply invested, they’ve built a portfolio that includes 11 passive multifamily deals, four single-family homes, and a six-unit IRO.
Del Walmsley delves into how real estate investing isn’t just about buying properties, similar to how stocks don’t guarantee success. He highlights that while there are many types of real estate, residential rental properties are the most consistent and profitable. Shifting focus to Multifamily investing, he notes that these properties are valued based on their income potential rather than comparative market analysis, like Single Family homes. This key distinction allows Multifamily investments to offer more consistent cash flow opportunities. Whether you invest in Single or Multifamily properties, the key is to get started now.
Del Walmsley opens by reflecting on the optimism he attributes to the "Trump effect," which he believes has removed economic and regulatory barriers for entrepreneurs. He discusses the positive impact on crime, employment, and business, seeing it as a prime opportunity for growth. Del encourages listeners to break free from corporate America and take control of their financial future, sharing his own journey into real estate as an example.
Del Walmsley hosts Brian and Roxanne on Tell Del Tuesday to discuss their transition from creative careers to real estate investing. They share key lessons from Lifestyles Unlimited’s two-day seminar, including the downside of holding too much equity and why real estate offers higher returns. Roxanne emphasizes her determination to act on these insights, recognizing the power of financial education.
Del Walmsley hosts Karen and Troy Zucchero from Spring, Texas, as they share their inspiring multifamily real estate journey. They recount their first deal in 2018, a 32-unit property in southeast Houston, followed by their second acquisition the same year—an 80-unit complex in southwest Houston. This marked their transition to larger assets for economies of scale, eventually leading them to expand out of state to Knoxville, Tennessee. They emphasizes that their capital-raising success stems from active involvement in Lifestyles Unlimited events, building trust through personal relationships, maintaining consistent communication, and consistently delivering positive results.
In evaluating the traditional financial industry, Del Walmsley critiques an advertisement from a major financial institution promoting personalized retirement planning. He highlights how the ad emphasizes market volatility and the stock market, contrasting this approach with his own philosophy of real estate investment. Del argues that real estate is much less volatile and offers steady cash flow, positioning it as a more reliable investment. He challenges the conventional idea that retirement requires a shift in strategy, stating that his real estate investments continue to generate significant income, regardless of whether he is actively working or not.
Del Walmsley challenges the common misconception that hard work alone leads to financial success. He stresses that true financial freedom is achieved through leverage, where resources like money, credit, intelligence, and other people's efforts work on your behalf. Del highlights his own journey, demonstrating how leveraging limited funds and credit unlocked pathways to financial freedom through real estate investing.
Del Walmsley welcomes Arnold from Dripping Springs, Texas, to discuss his journey into real estate investing. As he begins building his portfolio, Arnold credits Lifestyles Unlimited's education for sharpening his deal analysis skills and appreciates the organization's continually evolving resources. He highlights the dual importance of equity capture and cash flow, emphasizing their role in ensuring financial stability, even during market downturns.
Del Walmsley explores the concept of making your assets work for you. Referencing an email from a listener, he highlights how many fail to optimize their net worth, often settling for passive income returns below 1%. Del cautions against missed opportunities and shares actionable strategies for leveraging assets to create substantial and sustainable passive income streams.
Del Walmsley dives into investing by contrasting the Dave Ramsey method with an alternative approach that doesn't require paying off your primary residence first. He explains how leveraging the equity in your home to acquire income producing real estate can generate cash flow and accelerate wealth creation. He highlights the importance of understanding good debt versus bad debt and how strategic borrowing can be a tool for financial growth.
Del is joined by April, who discusses how she got into real estate during a difficult period in her life. Her first two property purchases were driven more by circumstances than a planned investment strategy, arising from a combination of need and opportunity. After reconnecting with a successful Lifestyles Unlimited member, April decided to take control of her financial future and pursue real estate investing. She enrolled in Lifestyles’ online two-day seminar, which aligned with her learning style, though she missed in-person networking opportunities. By the end of 2024, April had built a portfolio of ten units using the "chunking" strategy to reinvest profits, establishing a path toward financial independence.
Del Walmsley discusses the challenge many face in knowing the right steps but failing to take consistent action to achieve success. He reflects on how age and a slowing pace can make it harder to recover from past financial missteps, especially when preparing for retirement. Del emphasizes that real estate investing offers wealth-building potential, but the key to success is having a clear plan and focusing on the right opportunities, rather than getting bogged down in the day-to-day tasks.
Del Walmsley hosts Deena, a real estate investor from Corpus Christi. After initially feeling stuck in a traditional job, Deena discovered the power of real estate investing and decided to take the plunge. She now owns multiple properties, generating consistent cash flow, and has retired early from her previous career. Deena emphasizes the importance of education, mentorship, and taking action to achieve financial independence and security through real estate investing.
Del Walmsley explains how real estate investors can minimize taxes and maximize returns by leveraging strategies like depreciation, refinancing, and 1031 exchanges. He highlights the benefits of using accelerated depreciation to increase tax savings and the power of debt to expand portfolios and boost cash flow. By sharing his personal experience of navigating the 2008 financial crisis, he contrasts effective strategies with common mistakes, emphasizing the importance of knowledge and preparation.
Del Walmsley is joined by Brady, a real estate investor from Belton, Texas, who shared how six months of unemployment in 2014 highlighted the need for income streams beyond savings. Initially following Dave Ramsey's approach, he depleted his emergency fund and questioned its effectiveness. Discovering Del’s program was a turning point, providing solutions that empowered him to build a secure financial future.
Inspired by an influx of listener questions about predicting future trends, Del Walmsley emphasizes the importance of staying informed about shifts in policies, economic conditions, and market behavior. He highlights how these changes can significantly impact investment opportunities and encourages listeners to remain attuned to these developments.
Del Walmsley reflects on the fulfillment and freedom achieved through real estate investing, recounting how he transitioned from a demanding fitness career to financial independence in just two and a half years. He emphasizes the mental barriers that prevent people from taking control of their finances, such as complacency and procrastination until hardships arise and stresses the importance of overcoming fears and starting the journey to financial freedom.
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