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Road to Family Freedom

Author: Neil and Brittany Henderson

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How much Money does it take to get started in a specific real estate investing niche? How much and what kind of Knowledge does it take? How much Time does it take once you're up and running? And how Location dependent is it? Tune in each week to follow our journey and learn as we interview successful investors and entrepreneurs who have achieved or are well on their way to achieving financial and location independence, with a special focus the Time, Money, Knowledge and Location dependence of their chosen investment niche.
115 Episodes
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In the second part of our conversation with Clint Harris, we talk about how and why we are investing in self-storage. Clint is a successful active investor in short-term rentals, but he is transitioning into investing in self-storage. We talk about why he has made that shift, as well as the strengths of our partners at Nomad Capital. In This Episode We Cover:The Importance of Diversification into Passive Investing AssetsThe Similarities of the Technologic Shifts that are Happening in Self-Storage and Short-Term RentalsWho is Consuming Self-Storage Right Now?The Opportunities that the Decline in Big-Box Retail Presents for Self-StorageAnd much more!Schedule a Call with Us to Talk About Self-StorageSchedule a Call HereBooks and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Clint Harris – a short-term rental investor and owner of Salt and Soul Property Management talks to Neil Henderson, the host of The Road to Family Freedom podcast. When we last spoke to Clint Harris in February of 2020, he owned 14 short-term rental units. In this episode, we talk to Clint about how he has scaled his portfolio to over 60 units under management. Clint has been a real estate investor for over a decade with his wife, starting with long-term single-family home investing but has since transitioned into short-term rentals, including their own house on the beach.In This Episode We Cover:The Top 3 Challenges a Short-Term Rental Investors Faces when Trying to ScaleThe importance of working ON your business, not IN your businessShould you hire experienced short-term rental cleaners or regular cleaners and train them?Where are the best places to invest in short-term rentals today?And much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comFacebook: Clint HarrisInstagram: @Clintstagram2020Podcast: Clint’s Episode 35 Podcast with The Road to Family FreedomResource: AirDNA.coSchedule a Call with Us to Talk About Self-StorageSchedule a Call HereFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
After serving almost six years in the Army, Darren Smith has spent the last eighteen years as a professional real estate investor. He has flipped, rented, and wholesaled hundreds of residential properties, and in recent years has purchased several million dollars of industrial properties as long-term holds. Darren’s greatest achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is. His biggest supporters are his wife Lauren and his son Henry.In This Episode We Cover:What is the best way to market for commercial real estate properties to purchase?The incredible story of how he earned a $500,000 wholesale fee on one propertyWhy your marketing focus should be narrow and deep, not wide and shallowWhy you should analyze every deal that you come across at the beginning of your real estate journeyAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: solidgrowthproperties.comEmail: darren@solidgrowthproperties.comResource: moo.comResource: OpenLetterMarketing.comResource: REISift.ioResource: BallpointMarketing.comFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Luke Wong, the founder of 9 Mile Capital, has been around real estate most of his life as his family has always been in real estate. From owning commercial and residential properties to land development. Luke grew up in Miami and graduated from Florida State University. He moved to Houston in 2001 and worked in land acquisitions acquiring land for residential subdivisions. From 2011 to 2020, he renovated houses and owned a wholesaling operation. In the last few years, he has also been actively investing in Commercial Real Estate, such as Retail Centers and Apartment Complexes. Currently, he is focusing on operating, growing, and acquiring more self-storage facilities. He owns/co-owns about 1200 storage units.In This Episode We Cover:What is Clubhouse?Luke Wong’s real estate backgroundHis transition to commercial real estateHow he got started in self-storage investing passivelyAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: 9milecapital.comFacebook: Luke WongInstagram: @LukeWong2000Resource: ClubhouseFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Rob Dubroc is a 35-year-old real estate investor from Kansas City who went all-in on self-storage after testing the waters with house flipping, working as a realtor, and single-family rentals. After grinding those various side hustles he found his way into commercial real estate and self-storage.In this episode, we talk to Rob about how he bought his first facility for cash and then promptly quit his W-2 job, the challenges of transitioning a poorly check and cash facility into auto payments, the best investment he’s made to help his storage business run more smoothly, and the unique way he encourages stubborn sellers into giving him access to their financials. In This Episode We Cover:How he bought his first self-storage facility for cash and then promptly quit his W-2 jobHow to transition a poorly run check and cash storage facility into a well-run auto payment facilityThe best investment to help run your self-storage facility more smoothlyHow to encourage stubborn self-storage owners to give them access to their financialsAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: Rising Tide InvestmentsFacebook: Rob DuBrocInstagram: @robdubrocResource: Call RailResource: Mike Wagner’s Storage RebellionFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
Katherine D’Agostino is the founder and sensei of Self-Storage Ninjas. After selling a previous business, Katherine jumped into the storage business building three facilities from the ground up in three years. She also runs a feasibility-analysis firm focused on delivering unbiased reports to self-storage investors that result in facilities with high occupancy and the highest possible returns. In this episode, we talk to Katherine about how she got into the self-storage business, how to pick a self-storage market to invest in, her unique plan to scale by building facilities from the ground up, and why she thinks boat and RV storage is a good business.In This Episode We Cover:How Katherine D’Agostino got into the self-storage businessHow to pick a self-storage market to invest inHer unique plan to scale by building facilities from the ground upWhy boat and RV storage is a good businessAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: Self-Storage NinjasFacebook: Self-Storage NinjasResource: Free Initial Consultation with Self-Storage NinjasResource: ISS Self-Storage World ExpoResource: Trachte Free SeminarsResource: Radius+Follow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit
In this episode we talk to Mandy Monson about her background in finance, how she found herself in the self-storage business, what a self-storage borrower should do to ensure a successful loan application, the 5 C’s of credit, and the big one you should pay attention as a self-storage owner.Mandy Monson is the VP of Finance for Resort Lifestyle Communities, which manages a portfolio of senior independent living communities, but she’s also co-founder of Stor365 with previous guest Victor Diaz and today she’s here to talk to us about commercial lending on self-storage. Mandy is a finance professional and real estate developer that also works with other women to help them crush their limiting beliefs and fear of failure so that they determine their own destiny in the realm of career and money. She has spent a career in finance with everything from managed money portfolios, to commercial loan underwriting during the Great Recession, to today where she consults with potential borrowers on how to structure loans for the acquisition of self-storage and senior housing.In This Episode We Cover:How to ensure a successful loan application on a self-storage dealSome things that will surely sink a self-storage loan applicationCommon mistakes self-storage investors make in their underwritingExamples of when a self-storage deal has gone badAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: MandyMonson.comResource: Book Your Free 30 Minute Call with Mandy MonsonTwitter: @4mandy_monsonFacebook: 4theGirlsClubFacebook: Mandy MonsonFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to...
We are MOVING!

We are MOVING!

2021-10-1216:32

In this episode, Neil & Brittany discuss their upcoming move to North Carolina to pursue self-storage full time and live in a house hack across the street from the beach.In This Episode We Cover:We bought a house across the street from the beach with the intention of doing a house hack “someday maybe” - We will go into more detail on the house in a later episode.What led us to decide to make the move now?First, we call this podcast The Road to Family Freedom. Our goal is financial and location independence. We aren’t there yet. But we have achieved a level of independence with our investments that allow us to take this leap, which is a risk, to try an experiment in working for ourselves...while living at the beach.Several things conspired to lead us to this decision:The death of my father in March of 2020. A best friend worked alongside him for 18 years. I realized that so much of my joy of going to work every day came from the experience of getting to be with my dad on a daily basis. Making up for lost time from when he was in the Air Force. I found I missed being able to walk down the hall and tell him something cool I’d just read, or how much fun it was to whine to him about the challenges of being a father, or just getting to go to lunch with him nearly every day. Suddenly going to work every day became a sad reminder of what was no longer there.COVID. Like many people, the pandemic has made us do a lot of soul searching about what’s important in life. As we prepared for my father’s long-delayed memorial, I was putting together a slideshow of his life. I kept coming back to these pictures of us from a time when we lived near the ocean. My mom and dad both describe those days in Florida as some of the happiest times of their life. Their kids were young, the work was easy, they were surrounded by other families, many of whom became lifelong friends, we lived near the water. I've always had a dream of living near the water, and I'd like to do it while our son is still young.We love house hacking, and we have a lot of experience house hacking with a short-term rental. Right as COVID hit in March of 2020, the short-term rental regulations in Las Vegas finally caught up with us after 6 years. We got shut down. That, combined with concerns over what COVID was going to do to the Las Vegas housing market, caused us to sell our house that we had owned since 2013. We ended up with a healthy chunk of cash from the equity we had accrued. So, we bought a house across the street from the beach with the intention of house hacking it eventually way down the road. Obviously, things changed.My work, since 2003, has been indirectly in support of the war effort in Iraq, Afghanistan, and the Global War on Terror. When the war in Afghanistan came to an end, it felt like the end of a chapter for me. So we sat down, did the math, and discovered we could financially take this risk. We aren't financially free. We don't have the income to sit on the beach all day drinking Pina Coladas. I prefer margaritas or Moscow Mules. But we've got savings and income streams to give us some time to work towards our next chapter. Follow Us:a...
In this episode, we talk to Victor Diaz about how he got his start in self-storage, the mistakes he sees many new self-storage owners making, how to stand out from the crowd when marketing to potential sellers, and the changes he’s seen in the storage industry since he got into it.Victor Diaz is the co-founder of Stor365.com, a new consulting firm that specializes in helping self-storage owners operate their small storage portfolios the way a large REIT would. Victor’s entire adult life has been spent in the self-storage business where he was general manager and then an area field manager for U-Haul. He now oversees 8 facilities and over 670,000 square feet of storage for a private firm in Ohio.In This Episode We Cover:Ways a self-storage owner can incentivize their on-site manager to achieve better performanceEmerging trends in the self-storage industryThe biggest mistakes new self-storage investors makeWhy you should not rely solely on the self-storage supply index when evaluating a self-storage facility for purchaseAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: Stor365.comEmail: victor@stor365.comPhone: 330-591-5958Follow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
In this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications.Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications.In This Episode We Cover:Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investingWhy she chose to purchase a rental property in a coastal community with cashHow she went about scaling her real estate portfolio after that first single-family rentalWhy she transitioned out of buying single-family rentalsAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: YourWealthMD.comBook: The Millionaire Real Estate Investor by Gary KellerBook: The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroyFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit a...
In this episode, we talk to Christian Mercado about how he purchased his first piece of real estate using a VA loan, how a light bulb went off after he started renting one of his rooms out, how he purchased his first self-storage for zero money down, and the key to negotiating with self-storage owners.Christian Mercado is a full-time real estate investor and Army Captain. He got his start in real estate in 2017 with the purchase of his first house utilizing a VA loan. 6 months later, he rented a room out and discovered the power of house hacking. After a year, he purchased another home to live in using his VA loan and rented out the first, and he was off to the races. Since that time he has flipped at least 8 houses, opened up several short-term rentals, and purchased a self-storage facility.In This Episode We Cover:How he bought his first property using a VA loanThe red flags that led him to walk away from his first self-storage dealHow he found his first self-storage dealHow he negotiated with the seller to purchase for zero down with seller financingAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: The Sentry StorageInstagram: @ChristianDoesRealEstatePodcast: Middle Class to MillionairesResource: Storage RebellionBook: Rich Dad, Poor Dad by Robert KiyosakiFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit a...
In this episode, we talk about two key setbacks that shifted Jeff Anzalone’s mindset towards building multiple streams of passive income, why he doesn’t invest in single-family rentals, the lessons learned from losing his first $50,000 he invested in a syndication, and the great question he uses to find other potential groups to invest with.Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com. He focuses on teaching doctors and other high-income professionals to create passive income from real estate so that they can STOP trading their time for money.In This Episode We Cover:How school may give you the knowledge to practice your profession but not prepare you for actually practicing itHow a skiing accident helped him realize how precarious his economic future was even with a high-paying, safe, secure jobWhy 90% of all millionaires have real estate in their investment portfoliosWhy high-income earners should focus on their core money-making ventures and leave the active real estate investing to othersWhy he doesn’t invest in single-family rentalsThe lessons learned from losing the first $50,000 he invested in an apartment syndicationWhy he doesn’t like investing in syndications through crowdfunding platformsWhat led him to choose apartment syndications over other asset classesHow he would go about educating himself on apartment syndications if he were starting overAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: Dr Debt FreeResource: Free Doctor’s Passive Income GuideEmail: jeff@debtfreedr.comFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in...
In this episode, we talk to Powell Chee about his start in real estate and why quickly he shifted into multi-tenant assets, the three main roles of a real estate syndication team, a key difference between residential and commercial lending that challenges many investors making the switch, and how to build relationships with commercial real estate brokers that last.Powell Chee is a Los Angeles-based real estate investor who does all his investing out of state. After buying his first investment property in 2015, a single-family home in Kansas City, he came to the realization that one door at a time was not going to get him to his goals. Since 2017, Powell has partnered on 7 multifamily properties totaling over 1000 units. As Covid-19 affected the US in 2020, Powell shifted gears from multifamily and expanded his investments into self-storage. He closed his first self-storage property in January of 2021 and is operating it remotely.In This Episode We Cover:How he got started investing in single-family rentals but quickly shifted into multifamily investingHow he scaled from those early self-funded apartment communities into larger assets with groups of passive investorsWhy he shifted from investing in multifamily into self-storage investmentsSome tips on forming real estate partnershipsAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: www.multifamilymasters.comEmail: powell@multifamilymasters.comFacebook: https://www.facebook.com/powellbizTwitter: @PowellCheeFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit
Landon and Teria Harris started out rehabbing single-family homes. After a few successful projects, they realized it was not the direction they wanted. The amount of time, work, and capital was more than they wanted to manage. Their love of real estate led them to other investing opportunities. After hearing a podcast on vacant land sales, they immediately knew land investing was the right direction for them!Their land business began in 2019 where they immediately set up structure, processes, and tools to build their land business. Within a few short months, their business soared! They were able to build a successful land business and replace Landon’s full-time job in the first year. In this episode, we talk to Landon and Teria about the challenges of rental property investing as well as house flipping, how that experience led them to invest in raw land, how they purchased 10 parcels for just $14,000 on their first deal, and the systems and processes they’ve set up to make their raw land business run as passively as possible.In This Episode We Cover:How Landon and Teria Harris got into real estate investingHow their experience with house flipping and single-family rentals led them to shift to raw land investingHow much it cost them to buy their first raw land dealHow much it costs to market for raw landAnd much more!Books and Resources Mentioned:The Road to Family Freedom: roadtofamilyfreedom.comWebsite: CreeksideDevelopments.comFacebook: Creekside DevelopmentsResource:: The Land GeekResource: LoomResource: AirTableResource: TrelloFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the...
Matt Gouge, aka Matt the Mortgage Guy, got his start in lending back in 2013. As a self-proclaimed math nerd and a people person, he burned his proverbial ships, leaving a steady paycheck with the State of California, for the commission-based world of brokering residential mortgages. He has excelled in the field because he himself is a real estate investor and he can advise clients at a high level. As a real estate investor himself, he is able to help clients not only analyze the mortgage on their primary residence but on potential investment properties as well.In this episode, we talk to Matt about his journey from state employee to a commission-based mortgage broker, the power of taking the leap into the unknown from an unfulfilling job, the tale of buying his first property before the Great Recession that is still a rental, and his misadventures investing long-distance.What You'll Learn in This EpisodeHow Matt Gouge left a secure state job with a pension for a commission only job as a mortgage brokerHow lack of job satisfaction should be an indicator that something needs to changeHow to analyze the risk when planning to make a big decisionHow Matt Gouge bought his first investment propertyWhen buying a property to live in, you should keep in mind how well it will work as a rental when you move outHow has he expanded his investment property portfolioHow he got burned investing long distance and the mistakes he madeWhy you should always have an extra property manager ready to take over your rental propertiesWhy you should NOT diversify your single-family rental portfolio across multiple citiesWhy you SHOULD diversify your real estate investments into syndications like apartments, self-storage, and mobile home parksHow much time does take to manage a rental property portfolioHow owning four or more rental units lowers your riskWhere to learn how to buy investment propertiesWhy you should buy real estate when everyone is afraid of buying real estateHow to avoid paralysis by analysisHow losing money on a deal can be a better education than a paid mentorshipBooks and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comWebsite: Matt the Mortgage GuyYouTube: Matt the Mortgage GuyTwitter: @MortgageMattCAPhone: (916) 529-7600Follow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomstrong...
Mindy Templeton is a Kansas City-based real estate investor who was, at one time, $165,000 in debt. A mindset shift a few years ago led her and her husband to aggressively pay down that debt and start buying single-family rentals in the Kansas City area.She and her husband have full-time jobs and are parents to two young children. She started Investinginyourwealth.com about two years ago as a way to track her journey to paying off that $165k of debt, and now that they are debt-free, she is working on building wealth through diversification. She is a firm believer in having multiple strategies for investing, so real estate is not her only strategy, but definitely her primary focus. In this episode, we talk to Mindy about the mindset shift she went through that led them to adjust their spending habits, the creative way she acquired the funds for the downpayment on their first rental property, and why she doesn’t want to build a huge portfolio of rental properties.What You'll Learn in This EpisodeHow Mindy Templeton and her husband dug themselves out of $165,000 in student loan and consumer debtThe two mindset shifts that allowed her to pay down debtThe generational divide when it comes to finances and retirementHow they leveraged a loan from their 401k and a relative's HELOC to purchase their first investment propertyThe difficulties of competing with cash buyers in this marketWhy real estate is the perfect vehicle for frustrated entrepreneursWhy Mindy is focused on building a small portfolio instead of a huge oneWhy it's important to know what you want your life to look like as an investorWhy she prefers to invest in her local marketWhy she prefers to have professional property management take care of her propertiesBooks and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comInstagram: @LikeMindedInvestorsWebsite: Investing In Your WealthBook: Your Money or Your Life by Vicki RobinFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60...
Sara Witz and Anthony Gair are a soon-to-be husband and wife real estate investing team focused on wholesaling, flipping, and the BRRRR strategy. Two oil and gas employees from Houston, Texas who decided to take advantage of the extra time they had after their wedding was delayed by the Covid pandemic. They started investing less than 12 months ago and already have 13 deals under their belt. At the beginning of 2021, they set a goal for themselves of earning $100,000 in three months from real estate, and as of this recording, they are just $15,000 away from that goal. In this episode, we talk to Anthony and Sara about how they got into their first BRRRR property for less than $10,000, the multiple exit strategies that they use to make use of nearly every deal they come across, why they now have a rule against doing any rehabs after dark, and the key expense many people forget about when buying a property to wholesale, flip or BRRRR.What You'll Learn in This EpisodeHow Anthony Gair and Sara Witz got into real estate investingHow working from home during the pandemic accelerated their investing journeyHow they bought their first rental property using almost none of their own moneyWhy not do the rehab on the rental property themselvesHow they were able to do 13 deals in less than one yearHow they are finding their dealsThe challenges of finding deals during the pandemicHow getting their July 2020 wedding canceled help their real estate investing journeyThe one thing they would throw money at to improve their real estate investing businessHow they are using door knocking to build rapport with sellers and find dealsWhy they no longer do renovations in the darkWhat's the most important thing to know when analyzing a potential BRRRR dealBooks and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comInstagram: @Gair.RealEstateResource: Deal MachineFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use,...
Shane Sigsbee – Short Term Rental Investor and CEO or Sigsbee Homes talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Shane graduated from Notre Dame in 2007 with a degree in finance. He became a derivatives trader right out of school but lost his job in the financial crisis in 2009. He then left to pursue a career in gambling, starting the venture Imawhale Staking in 2010, which he still runs to this day. In 2017 he began investing in real estate in southern Alabama, focusing on the BRRRR method using short-term rentals. He’s currently sitting on 35 doors with a goal of reaching 100 doors.In this episode, we talk to Shane and Rachael about beginning their journey to real estate investing in 2017, how they scaled their portfolio from 1 to 35 doors, why they have converted most of their properties to short-term rentals, and tips and tricks on rehabbing and furnishing a short-term rental.What You'll Learn in This EpisodeHow Shane Sigsbee went from unemployed finance guy to professional gambler during the Great RecessionHow he started a business being the financial backer for professional poker playersHow he bought his first long-term rental property in Southern AlabamaUsing the BRRRR strategy to scale from 1 to 35 doorsHow to negotiate good terms on a seller finance dealHow they are finding short term rental dealsHow they discovered the extraordinary cash flow of short-term rentals over long-term rentalsA short-term rental doesn't necessarily have to be in a vacation marketHow to manage a short-term rental long distanceTips on automating 80% of your Airbnb guest communicationTips on furnishing a short-term rentalTips on making your Airbnb guest experience stand out from the competitionHow much does it cost to furnish a short-term rental?What amenities and property characteristics give you the best ROI (Return on Investment) with short-term rentals?Books and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comWebsite: I’m A Whale Staking GroupInstagram: @shanesigsbeeTwitter: @ssigsbeeFacebook: Shane SigsbeeFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/
Moe Kruger – Senior Loan Officer at Live Oak Bank talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Moe Kruger is a 30-year banking veteran that specializes in storage financing for small business owners. Over his 30 years in banking, Moe has been a branch manager, bank business development officer, residential mortgage specialist, private banking manager, commercial relationship manager before settling in and focusing on helping small business owners. He has a great love for entrepreneurs and has spent the past 16 years financing business acquisitions, real estate acquisitions, and construction lending utilizing the Small Business Administration programs. He has closed close to a billion dollars in loans over his banking career including $250 million in storage loans. Moe joined Live Oak Bank in 2015 as a senior loan officer for the self-storage vertical. At Live Oak Bank, he is focused on loans that include construction deals, acquisitions, conversions, and mobile storage deals. In this episode, we talk to Moe about how he got into self-storage lending, the keys to successfully getting an SBA loan for self-storage, the difference between SBA versus traditional commercial loans, and the common gotchas you should avoid.What You'll Learn from This EpisodeHow Moe Kruger became a senior loan officer at Live Oak BankHow Live Oak Bank became the leading SBA Lender by dollar volume in the United States, especially for self-storageHow to ensure a smooth SBA loan process when applying for financing on a self-storage facilityTips for successfully applying for SBA lending on self-storageWhy you should look at lenders as a partner in your self-storage businessKey things that will cause your SBA loan application to be deniedSBA loans - What's the difference between a 7a and 504?What are the differences between SBA loans and traditional commercial lending?Can you bring in investors on a deal with SBA lending?Instances when a storage deal has gone bad and how having an experienced self-storage partner can save youKey questions to ask any potential SBA lender before using them to fund a self-storage dealTips and considerations for new self-storage investors on how to successfully get an SBA loanBooks and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comWebsite: LiveOakBank.comEmail: moe.kruger@liveoak.bankPhone: (910) 550-2907Follow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedom
Neil Wahlgren – Chief Operations Officer at MAG Capital Partners, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. MAG Capital Partners is a private equity firm that specializes in sale-leaseback and industrial real estate investments. Neil brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital, Neil led a Bay Area real estate investment firm, raising capital for over $200M in projects. He came to real estate investing following a career in military aviation as a C-130 pilot in both the Air Force and Navy, logging over 2500 flight hours with combat tours to both Iraq and Afghanistan. In this episode, we talk to Neil about the details of investing in single tenant net lease industrial properties, the keys to building trust with potential private equity investors, the unique benefits to investing in a net lease industrial, and the key lessons from his military background that helped him to be successful raising private equity.Books and Resources MentionedThe Road to Family Freedom: roadtofamilyfreedom.comWebsite: MAG Capital PartnersEmail: neil@magcp.comFollow Us:facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/
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