Weiss Advice

Avery Carl is the CEO & Founder of The Short-Term Shop. Avery Carl was named one of Wall Street Journal's Top 100 and Newsweek's Top 500 agents in 2020. She and her team at The Short Term Shop focus exclusively on Vacation Rental and Short Term Rental clients.Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 30 properties, Avery specializes in connecting investors with short-term rentals with the highest ROI potential and then training them to manage their short-term rental from their smartphone from anywhere in the world. [00:01 – 09:46] Short-Term RentalsAvery talks about how they found out about Short-Term RentalsThe Smoky Mountains – why short-term rentals are booming there.What makes short-term rentals more attractive than other types of rentals?[09:47 – 14:23] Third-Party AppsAssociating short-term rentals with third-party apps (Airbnb, Vrbo, etc.)[14:24 – 21:56] Join the Short-Term Rentals SpaceInterested in investing in short-term rentals? Listen to Avery's advice just for you!Emerging markets that you should keep an eye on.Scaling the business – how Avery and her team are keeping their business growing.[21:46 – 27:48] THE FINAL FOURAvery talks about her background.What's the worst job that you ever had?In college, I worked at a gym and practically was a 'personal trainer.'What's a book you've read that has given you a paradigm shift?The Obstacle Is the Way by Ryan HolidayWhat is a skill or talent that you would like to learn?Stand-up paddleboarding.What does success mean to you?The freedom of time.Connect with Avery. Links available below. Tweetable Quotes:"The only reason you're feeling [a certain] way is because you're allowing yourself to feel this way." – Avery CarlYou can connect with Avery on https://theshorttermshop.com/. You can follow The Short Term Shop on Instagram or join their Facebook group.LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Support the show

How does embracing diversification in business and personal life lead to unexpected success and resilience? In this episode, Yonah engages with the multifaceted Linda Lim, whose journey from finance to real estate and beyond illustrates the power of diversification. Lim shares her experiences, from Wall Street trading to developing resorts in Bali and embarking on ventures in logistics and food packaging. Their discussion delves into the significance of risk mitigation, the intricacies of international business, and the impact of personal growth on professional success. Lim exemplifies how diversification isn't just a financial strategy but a life philosophy, driving innovation, stability, and personal fulfillment.[00:01 - 06:13] From Finance to Real EstateLim's transition from finance to real estateThe role of education and early career experiencesThe move from banking to building and developing real estate[06:14 - 12:02] Building a Global PortfolioDeveloping resorts in Bali and diversifying into logisticsThe importance of asset class and geographical diversificationHow the COVID-19 pandemic highlighted the need for adaptable business strategies[12:03 - 18:01] Navigating International WatersExpanding into new markets like Mexico and New MexicoThe blend of real estate development and logistics for business growthInsights into the attainable housing market and its stability[18:01 - 25:24] Bridging Cultures Through FoodLim's journey into the food industry with a focus on Indonesian cuisineThe challenges and triumphs of introducing new food products to the marketThe role of cultural appreciation and personal passion in business[25:25 - 33:53] Personal Insights and Professional WisdomLim's reflections on life, business, and personal growthThe conversation on the essential nature of compassion and continuous learningClosing thoughts on defining success and the path forwardConnect with Linda:Website: essentialelementcapital.comLinkedIn: https://www.linkedin.com/in/lindalim88/Instagram: https://www.instagram.com/essentialelementcapital/LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"In risk mitigation, diversification is the way to go. No one can predict the market." - Linda Lim"If I'm able to create constant positive transformation in my life, that's to me is already a success." - Linda LimSupport the show

How can a career pivot during uncertain times, like the COVID-19 pandemic, lead to discovering new passions and successful entrepreneurial ventures in the real estate industry?In this episode, Yonah converses with dynamic duo Matthew Byrnes and Brandon Rickman, who share their journey from different professional backgrounds into forming a robust partnership in the real estate sector. Both guests unravel their paths of career transformation, highlighting the impact of COVID-19 on their professional lives and how it led to the inception of their current real estate and private lending business. They delve into the nuances of private lending, the importance of networking and trust in the industry, and their visions for future business growth.[00:01 - 07:20] Pivoting Paths to PartnershipMatthew's transition from film to real estate during COVID-19Meeting and forming a business relationship with BrandonInitial ventures in wholesale real estate and moving to private lending[07:21 - 14:35] Understanding Private LendingThe concept of private lending and how it differs from institutional and hard money loansThe strategic advantages of private loans in real estate investmentsChallenges and opportunities in the private lending space[14:36 - 21:48] Business Growth and StrategyThe evolution of their lending business and capital raising effortsShifting focus from film industry contacts to broader investment sourcesThe importance of diversification and liquidity in their business model[21:49 - 28:00] Market Insights and Economic ImpactReal estate market trends and the effect of economic changesAdjusting business strategies in response to market dynamicsExpectations for the future of the real estate market[28:01 - 35:19] Looking Ahead: Aspirations and RealitiesLong-term goals for their business and personal developmentThe concept of success and what it means to them personally and professionallyReflections on past experiences and lessons learnedConnect with Brandon and Matthew:Website: www.prolendcapital.comFacebook: https://www.facebook.com/profile.php?id=61550527497995IG: @prolend_capitalLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:Support the show

What is the one critical factor that can make or break your success as a passive real estate investor? In this episode, Yonah sits down with the multi-talented K Trevor Thompson, a man with a diverse background spanning from working at Ripley's Believe It or Not to opening 46 iFly Indoor Skydiving locations. He shares his journey into real estate investing, emphasizing the importance of the "who" over the "what" when it comes to choosing the right investment opportunities. Trevor discusses the power of diversification, the lessons learned from deals that didn't go as planned, and the importance of setting ambitious goals. [00:01 - 06:08] From Guinness World Records to Real EstateTrevor's diverse career backgroundThe importance of taking action on inspiration, rather than just being inspiredTrevor's transition into real estate investing after reading Rich Dad, Poor Dad[06:09 - 13:55] The Power of Passive InvestingThe importance of the "who" over the "what" when choosing investment opportunitiesDiversifying investments across different asset classes, locations, and risk levelsThe benefits of investing in deals with preferred payments and waterfalls[13:56 - 20:22] The Eighth Wonder of the WorldThe power of compounding investments over timeThe importance of staying in a W2 job while growing wealthThe benefits of having a supportive partner on your real estate journey[20:23 - 26:00] Lessons Learned from Deals Gone WrongThe impact of rapidly increasing interest rates on real estate dealsThe importance of adequate reserves and fixed debt in mitigating riskThe value of experienced and skilled asset management teams[26:01 - 32:27] The Key to Success in Real Estate InvestingThe importance of setting ambitious goalsHow to help people reach financial independence through real estate investingThe value of sharing knowledge and inspiring others to take action in their investment journeyConnect with Trevor:LinkedIn: https://www.linkedin.com/in/ktrevorthompson/Instagram: https://www.instagram.com/kttniagarainvestment/ Facebook: http://www.facebook.com/groups/earnandlearnwithrealestateinvesting/LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"I think the biggest lesson I've learned in life is the who is way more important than the what." - K. Trevor ThompsonSupport the show

Can AI revolutionize the real estate industry and help entrepreneurs scale their businesses faster than ever before? In this episode of Weiss Advice, Yonah sits down with Vanessa Alfaro, a seasoned entrepreneur and real estate investor who has founded multiple successful companies. Vanessa shares her passion for leveraging artificial intelligence to optimize business processes and drive growth. She discusses how AI can be a game-changer for entrepreneurs, particularly in the real estate industry, by increasing productivity, analyzing deals faster, and ultimately improving the bottom line.[00:01 - 07:04] From Venezuela to Real Estate and AIVanessa's background in marketing and entrepreneurship in VenezuelaTransitioning to the US and focusing on real estate and AI consultingThe importance of innovation in driving business success[07:05 - 14:28] Leveraging AI for Entrepreneurs and Real Estate InvestorsHow AI can help small operators and entrepreneurs scale their businessesThe potential of AI in optimizing real estate processes and increasing NOIThe importance of applying AI technologies to stay competitive[14:29 - 22:23] AI Applications in Real EstateUsing AI for content creation, personalization, and presentationsImplementing AI in asset management to reduce expenses and increase NOIThe power of collective intelligence between humans and AI[22:24 - 30:47] Accelerating Acquisitions and Analyzing Deals with AIHow AI can help analyze more deals faster and increase the pipelineCreating a ChatGPT-based tool for quick deal analysisThe importance of understanding how to use AI effectively[30:48 - 38:22] The Current Real Estate FocusVanessa's focus on multifamily and diversifying into other commercial assetsThe current market opportunity for buyersThe historical advantage of combining AI with real estate investingConnect with Vanessa:Website: https://www.linkedin.com/in/vanessagalfaro/Instagram: https://www.instagram.com/vanessavenuscapital/ LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"If you leverage your experience with artificial intelligence, that's when you're going to have a win." - Vanessa Alfaro "The problem with AI is that if you don't know how to use it, you cannot see the potential." - Vanessa Alfaro Support the show

How does the art of networking shape the future of property management and investment? Today, Yonah navigates into the world of real estate with Alexandra Alvarado and Allen Artcliff-Cronrod from the American Apartment Owners Association (AAOA). Through engaging dialogue, the episode uncovers the invaluable role of networking, education, and community support in navigating the complexities of real estate investment and property management. Listeners will gain insights into the importance of association support for landlords, especially in tenant-friendly states, and the power of educational resources in preventing and resolving property management issues. [00:01 - 08:08] The Keystone of Real Estate SuccessThe importance of a supportive network for property ownersThe role of education in navigating real estate challengesInsight into the American Apartment Owners Association's mission[08:09 - 16:06] The Foundation of Empowered LandlordingAlexandra and Allen share their unique paths in the real estate sectorThe impact of personal and family experiences on their career trajectoriesThe evolution of their roles within the AAOA[16:07 - 24:49] The Heart of Real Estate GrowthCommon issues faced by property owners and available solutionsThe importance of proactive education and resourcesStrategies for dealing with tenant-related challenges[24:50 - 32:05] Navigating the Real Estate LandscapeThe significance of digital platforms in fostering community among landlordsPlans for expanding the AAOA's digital presenceThe role of webinars and live events in enhancing landlord education[32:06 - 40:54] The Future of Real Estate Community and EducationThe evolving landscape of landlord advocacy and legislationInsights into the potential future challenges and opportunities for landlordsThe critical role of the AAOA in representing and supporting property ownersConnect with Alexandra & Allen:Website: https://www.facebook.com/pages/American-Apartment-Owners-Association-AAOA/112471385452699 LinkedIn: https://www.linkedin.com/in/allen-artcliff-cronrod-3386804/YouTube: https://www.youtube.com/@ApartmentOwnersLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"The true mark of success is being able to be the one who is holding that pen to write tomorrow's blank page." - Allen Artcliff-CronrodSupport the show

Can the principles of fitness—physical, financial, and faithful—revolutionize not just personal life but also the way we approach entrepreneurship and real estate investing? In this insightful episode, Cale Delaney, a short-term rental investor and podcast host, explores the intersection of entrepreneurship, real estate investment, and personal well-being. From Cale's transition from engineering to real estate, through the trials of the 2008 financial crisis, to discovering a fulfilling path in short-term rentals and launching the "Fit Investor" podcast, this conversation uncovers the profound impact of integrating financial savvy, physical health, and faith into both personal and professional realms. Join us as we navigate Cale's transformative journey, unpacking valuable lessons for aspiring entrepreneurs and seasoned investors alike.[00:01 - 07:51] The Genesis of a Fit InvestorThe importance of adaptability in your career pathHow crises can catalyze a pivot to more fulfilling workThe role of education and self-learning in discovering new investment avenues[07:51 - 14:17] The Philosophy of The Fit InvestorThe necessity of a holistic approach to entrepreneurshipHow faith can underpin and guide professional and personal growthThe power of niche communities in amplifying underrepresented voices in real estate[14:18 - 21:33] Teaching Financial Literacy to the Next GenerationThe critical gap in financial education among youthThe potential of early financial literacy to transform livesThe importance of aligning financial goals with personal values and faith[21:33 - 28:27] Reflections and Future AspirationsSuccess is an evolving concept that grows with usThe fulfillment derived from positively impacting others' livesThe significance of remaining open to new learning and growth opportunitiesConnect with Cale: LinkedIn: https://www.linkedin.com/in/cale-delaney/Facebook: https://www.facebook.com/cale.delaney/Facebook Group: https://www.facebook.com/share/tvT5cqf6rvuJc6Re/?mibextid=K35XfPLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"Search yourself first before you do anything. And if you see that there are some things you need to work on, then work on that before anything else." - Cale Delaney "Money exaggerates your internal character... If you are a greedy person, money will make you more greedy. If you're a generous person money will make you more generous." - Cale DelaneySupport the show

How can embracing the digital age fundamentally transform traditional careers and the journey towards entrepreneurship? In this episode of Weiss Advice, Yonah delves into the remarkable journey of Michael Huseby, a visionary real estate investment attorney who leveraged the power of social media to redefine his career and establish his law firm. Through candid conversations, they explore the evolution of Michael's career, from traditional legal practices to pioneering in the digital space, his battle with a life-changing disease, and how these experiences shaped his approach to business, risk, and life itself. This episode is a testament to resilience, innovation, and the transformative potential of embracing change and technology.[00:01 - 05:16] The Digital CatalystMichael's strategic use of Twitter to grow his law practiceThe importance of social media in modern business developmentTransitioning from traditional law firm environments to entrepreneurship[05:17 - 10:32] Navigating Life's CurveballsMichael's personal journey with a progressive eye diseaseThe impact of personal challenges on professional decisionsEmbracing adversity to fuel determination and innovation[10:33 - 15:25] Building Bridges in Real EstateMichael's niche in real estate syndications and investment fundsThe significance of educating clients on complex legal mattersThe role of expertise in fostering client trust and business growth[15:26 - 20:45] Community and ConnectionThe value of in-person meetings fostered through online connectionsReal estate community dynamics on social media platformsBuilding a network of clients, business partners, and friends[20:46 - 29:25] Vision for the FutureStrategic planning in the face of uncertainty due to Michael's vision impairmentThe importance of creating a sustainable and adaptable business modelLeveraging digital platforms for continuous learning and community supportConnect with Michael:Twitter: https://twitter.com/investing_lawLinkedIn: https://www.linkedin.com/in/michael-bjorn-huseby/Instagram: www.instagram.com/commercial_in_nashville/?hl=enYouTube: https://www.youtube.com/@TheInvestmentsLawyerLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"Twitter fundamentally changed my life and the way I do business." - Michael Huseby"Everybody has their thing; it's about how you adapt and overcome." - Michael HuseSupport the show

How can commercial real estate investors build trust and earn fees as new syndicators? This week, Tyler Cauble, the Founding Principal and President of The Cauble Group, explores the nuances of commercial real estate, the transformative growth of Nashville, and Tyler's innovative approach to development projects that generate financial returns and significantly benefit local communities. From Tyler's initial leap into real estate to his creative redevelopment projects, this conversation sheds light on the importance of adaptability, community focus, and strategic investment in today's dynamic market.[00:01 - 07:41] The Evolution of a Real Estate MavenTyler's transition from college dropout to real estate influencerThe importance of adaptability in the ever-changing real estate marketInsights into Nashville's unique economic resilience[07:42 - 14:25] Mastering the Art of Commercial Real EstateThe significance of mentorship and learning in the fieldStrategies for newcomers to get involved and succeed in commercial real estateUnderstanding the value of experience over immediate financial gain in property deals[14:26 - 20:58] Creative Real Estate Development and ImpactHow unique projects like "The Wash" can transform communitiesThe role of real estate in fostering local businesses and cultureTyler's approach to choosing and executing projects that benefit neighborhoods[20:59 - 27:54] Building Sustainable Communities Through Real EstateThe holistic approach to real estate developmentThe significance of walkable cities for enhancing community lifeTyler's philosophy on success and happiness in the real estate domain[27:55 - 32:39] The Future of Real Estate InnovationThe evolving landscape of commercial real estateTyler's vision for future projects and their potential impactThe importance of continuous learning and adaptation in real estateConnect with Tyler:Website: www.tylercauble.comLinkedIn: www.linkedin.com/in/tylercaubleInstagram: www.instagram.com/commercial_in_nashville/?hl=enLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"I think there's never a bad time to get started in real estate." - Tyler Cauble"Success is being happy and excited to wake up every day and get to do what I do." - Tyler CaubleSupport the show

How can real estate investing not only build wealth but also offer significant tax advantages when navigated with expertise? In this enlightening episode, Ashish Acharya, a CPA renowned for his investor-friendly approach and deep expertise in real estate taxation, shares his journey from Nepal to becoming a leading figure in the accounting world, emphasizing the importance of responsiveness, dedication, and strategic tax planning for real estate investors. Through anecdotes and professional insights, listeners are treated to a masterclass on leveraging tax laws to maximize investment returns, the critical role of choosing the right entity, the transformative power of education, and much more.[00:01 - 03:00] The Journey BeginsThe importance of having a clear professional goalThe transition from auditing to a tax-focused careerThe significance of responsiveness in the CPA-client relationship[03:01 - 10:00] Unveiling Tax Strategies for Real EstateDepreciation and cost segregation as powerful tools for tax savingsThe impact of choosing the right entity for investmentThe role of strategic planning in maximizing tax benefits[10:01 - 20:00] Building a Business on Investor NeedsThe decision to cater exclusively to real estate investorsThe challenges and rewards of entrepreneurshipThe critical role of community and responsiveness in business growth[20:01 - 30:00] The Future of Tax Planning and Real Estate InvestingAnticipating the return of 100% bonus depreciation and its implicationsThe importance of software in simplifying tax planning for investorsAshish's vision for leveraging technology to enhance tax advisory services[30:01 - 39:42] Personal Growth and Defining SuccessThe transformative power of spirituality in personal and professional lifeThe importance of meditation and self-reflectionEvolving definitions of success beyond financial achievementsConnect with Ashish:LinkedIn: https://www.linkedin.com/company/investor-friendly-cpa/Instagram:https://www.instagram.com/investor_friendly_cpa/YouTube: https://www.youtube.com/@investorfriendlycpaifc6215LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"Depreciation and cost segregation are the keys to unlocking tax savings for real estate investors." - Ashish Acharya"Success to me has evolved from financial achievements to finding peace and contentment through spirituality and meditation." - Ashish AcharyaSupport the show

How does the transition from single-family to commercial real estate redefine success and impact personal relationships in the industry? In this episode, Yonah converses with Brandi Shotwell, a seasoned expert in the real estate industry, particularly in commercial lending. She shares her journey from being intrigued by real estate as a college student to becoming a distinguished figure in commercial real estate. The discussion unveils the nuances of commercial lending, the significance of building meaningful relationships in the industry, and the resilience and adaptability required to thrive, especially during challenging times like the 2008 financial crisis and the COVID-19 pandemic.[00:01 - 06:19] Jumping Into Real EstateThe power of curiosity and initiative in finding one's career pathThe importance of mentorship and hands-on learning in professional growthTransitioning from single-family to commercial real estate brings new learning curves and opportunities[06:20 - 12:28] Navigating Commercial LendingThe critical role of understanding industry-specific terminologyThe value of patience and guidance when dealing with newcomers to commercial real estateEstablishing a one-stop-shop brokerage to serve diverse client needs effectively[12:29 - 18:20] Entrepreneurial LeapThe significance of timing and faith in launching a businessHow challenges can turn into opportunities for growth and successThe impact of a supportive network and positive mindset in overcoming adversity[18:21 - 26:21] Investing Alongside ClientsDiversification in investment as a key strategy for financial growthBuilding trust and personal connections with clients enhances business opportunitiesThe critical importance of integrity and character in long-term success[26:22 - 34:51] Facing Challenges Head-OnExpect the unexpected in real estate transactionsThe importance of adaptability and problem-solving skillsLeveraging experience and knowledge to navigate complex situations effectivelyConnect with Brandi:Website: https://www.renocm.com/LinkedIn: www.linkedin.com/in/brandi-shotwellInstagram: https://www.instagram.com/iammrsshotwell/LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"You may not know it all. It's okay. I'm here to help you and not deter you." - Brandi Shotwell"Taking a leap of faith and seeing where it lands you is sometimes the best step forward." - Brandi ShotwellSupport the show

How can transforming your mindset from worry to positivity revolutionize the way you approach business, lending, and entrepreneurship? In this episode, Yonah dives deep into a conversation with Brenna Carles, a dynamic entrepreneur and expert in the mortgage industry, particularly focusing on short-term rental financing. Brenna shares her unique journey from a professional singer to a leading figure in the mortgage world, emphasizing the importance of positivity, determination, and the ability to adapt and learn. Her story is a powerful reminder of how diverse experiences can shape one’s approach to business, and how embracing change and challenges can lead to unparalleled success.[00:01 - 08:12] From Stage to Mortgage Sage: Brenna's JourneyTransitioning from a professional singer to a mortgage expertThe pivotal role of adaptability in career evolutionEmbracing the unexpected turns in one's career path[08:12 - 16:15] The Art of Lending: Navigating ChallengesOvercoming industry stereotypes and educating lenders on short-term rental propertiesThe importance of detailed knowledge in specialized lending areasStrategies for convincing traditional banks to finance unique properties[16:15 - 24:02] Building a Business: Starting the Mortgage ShopThe journey of starting and scaling a mortgage businessCollaboration and partnership in the mortgage industryLeveraging experience and knowledge to offer superior service[24:03 - 32:01] Empowering Clients: Beyond FinancingThe role of education in empowering mortgage clientsNavigating tax implications and financial planning for property investmentsCreative financing solutions and the importance of long-term planning[32:01- 39:43] Entrepreneurship and Personal GrowthThe evolution of personal and business goals over timeThe significance of helping others as a measure of successContinuous learning and the pursuit of new skillsConnect with Brenna:Website: https://www.mortgage.shopFacebook: https://m.facebook.com/profile.php/?id=503167770Instagram: https://www.instagram.com/brennacarles/ LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"If I fail, that's fine, but I'm not going to wonder what if." - Brenna Carles "If you want to stand up for yourself, you have to know what you're talking about behind it." - Brenna Carles Support the show

How can aligning the right people with your goals transform your journey toward financial independence and impact investing?In this episode, Manny Juarez shares his intriguing journey from the world of interior architecture to real estate investing, particularly in multifamily properties. The discussion delves into the transformative power of self-education, the importance of aligning with the right partners, and the evolving landscape of real estate investment, especially amidst the challenges posed by the pandemic. Manny also touches on the concept of impact investing and its significance in today's world.[00:01 - 07:09] Path to Multifamily InvestingEmbracing new opportunities during the pandemicTransitioning from service to ownership in real estateHow to seize opportunities, and the importance of mindset in career transitions[07:10 - 14:15] Current Role and Finding PartnersThe gap in formal education about practical investingThe revelation of self-education in real estateThe value of self-education, and understanding various investment avenues[14:16 - 20:21] Spousal Support on the JourneyThe evolution of Manny's role in real estate syndicationsBuilding relationships and selecting the right partnersThe importance of networking, and selecting compatible partners[20:22 - 27:27] Impact Investing ExampleThe concept of impact investing and its personal significanceBalancing financial gains with humanitarian benefitsThe balance between financial returns and societal contributions[27:28 - 33:22] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessWorst job: A gutter cleanerBooks that gave a paradigm shift: "The Go-Giver by Bog Burg"Skill/talent to learn: Bowling skillsSuccess is defined by reaching your future selfConnect with Manny:LinkedIn: https://www.linkedin.com/in/mannyjuarez/ LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Key Quotes:"Self-education is something that truly changes the direction of anybody." - Manny Juarez "Being able to connect with people on a more human level before anything else is super important." - Manny Juarez Support the show

Can adversity be the unexpected catalyst for transforming dreams into reality? In this episode, Yonah hosts Mike and Ligia Deaton, a couple who have made remarkable strides in the real estate business, particularly in land flipping. Starting from corporate careers to a sudden shift towards entrepreneurship following a layoff, they share their journey into real estate investment and coaching. Their story is a blend of personal and professional evolution, showcasing how embracing change can lead to unexpected success and fulfillment.[00:01 - 06:22] The BeginningsMike and Ligia's background in corporate jobs and their transition to real estateThe impact of their layoff and how it led to a new career pathIntroduction to land flipping and its possibilities[06:23 - 12:47] Flipping Dirt - A Business Unfolded The genesis and growth of their business, Flipping DirtInsights into land flipping and its advantages over traditional real estateThe decision to start coaching others in land flipping[12:48 - 18:26] Embracing AdversityOvercoming the initial fears and uncertainties of starting a new ventureThe role of adversity in propelling them towards entrepreneurshipHow their partnership as a couple strengthened their business approach[18:27 - 24:55] Strategies and Insights in Land Investment Detailed strategies for choosing and investing in land propertiesThe low-risk, high-reward nature of land flippingThe importance of market research and understanding buyer demographics[24:56 - 27:51] Personal Dynamics and Future AspirationsBalancing personal and professional life as a couple in businessThe distribution of roles based on individual strengths and preferencesFuture goals and aspirations for their business and personal growth [27:52 - 37:46] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessBooks that gave a paradigm shift:  “The Gap and The Gain” by Dan Sullivan and "Mindset" by Carol DweckSkill/talent to learn: Develop organizational skills and paint with acrylicsSuccess is defined as a life of fulfillment and by how you make people feel Connect with Mike & Ligia:Website: https://flippingdirt.us/freedom/ Facebook: https://www.facebook.com/mikeandligia Instagram: https://www.instagram.com/mike_and_ligia/ LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"Adversity is really a blessing many times." - Mike & Ligia DeatonSupport the show

How do people become uber-successful real estate investors? In this case, at a very young age of 22. Jabbar Adesada shares his journey of overcoming adversity to achieve financial freedom and success in real estate investing. Growing up in poverty with an abusive mom, Jabbar discusses his traumatic childhood and pivotal move to live with his estranged father at 15. After discovering Robert Kiyosaki's "Rich Dad Poor Dad," Jabbar became obsessed with building assets and not liabilities. He bought his first rental property at 18 while serving in the military, living on a futon and renting out rooms. Jabbar then started raising money from investors and partnering to scale up, buying nearly 10 more rental units within a couple of years. [00:00 - 09:12] Jabbar's Early Adversity and Paradigm ShiftGrew up in poverty with abusive mother leading to a traumatic childhoodMoved in with estranged father at 15, pivotal shiftThe pivot at 15 years old - the need to become somebodyRead "Rich Dad Poor Dad" and learned about assets vs liabilities[09:13 - 25:40] Entering Real Estate Investing Through RentalsJoining the military and learning from a mentorBought first rental property using VA loan at 18Started raising money to scale into more rental propertiesBought 25 properties in 6 months with partner[25:41 - 31:57] Path Forward: Focus on Strengths and Giving BackFocused on outsourcing to scale businessLearned importance of self-belief from missed commercial dealShort-term rentals fully outsourced, flipping more hands-onIntends to exit military ASAP[31:58 - 39:30] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessWorst job ever was being a private first class in the militaryBook that gave a paradigm shift: “The ONE Thing” by Gary W. Keller and Jay PapasanSkill/talent to learn: Speak SpanishSuccess is defined by quality of relationships and helping othersConnect with JabbarInstagram: https://www.instagram.com/jabbar_investar/?hl=en Facebook: https://www.facebook.com/jabbar.adesada LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"Success is the value of your relationships, the quality of your relationships, and how you're able to impact and help other people." - Jabbar AdesadaSupport the show

While profit is important, Nick Stromwall's driving motivations are faith, community, and outsized generosity. How outsized? He aims to one day live on just 10% of his income, giving away the other 90%. And he's using real estate investing as the vehicle to create the wealth to make that extraordinary generosity possible. He's also teaching his three young sons (plus one daughter on the way!) to be entrepreneurial—they already launched their own candle business.Nick is the Operations Director for Kingdom REI and the founder of Oak and Vine Capital. Nick loves serving others and finding ways to maximize technology to leverage kingdom impact. Nick enjoys spending time with his wife and three sons enjoying the outdoors, mountain biking, and cultivating a love of music. Nick is passionate about investing in businesses that want to create Kingdom Impact.[00:00 - 14:35] The Motivation Behind GivingNick was drawn to Kingdom REI's values of prioritizing impact over profitThe aim to live on 10% of his income so he can give away the other 90%How real estate investing can create extraordinary resources to help others[14:36 - 21:50] Discovering Real Estate and EntrepreneurshipNick had some financial education from his parents at a young ageThe power of real estate investing through books like Rich Dad Poor DadHe learned about cash flow, appreciation, and tax savings opportunities in real estate[21:51 - 26:33] Using Profits to Create Legacy and ImpactOak and Vine represent strength and being tetheredNick helps people invest so they can create impact and leave a legacyTies charitable giving to each new real estate project[26:34 - 32:42] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessWorst job ever was biking to a nurseryBook that gave a paradigm shift: “The Ruthless Elimination of Hurry” by John Mark ComerSkill/talent to learn: Wail a saxophoneSuccess means getting to that point of living on 10% to give 90% away Connect with NickWebsite: https://www.oakandvinecapital.com/ LinkedIn: https://www.linkedin.com/in/nickstromwall/ LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"Everybody has this idea of financial freedom as their monthly budget number...why aren't people 10X-ing what they need so they can give the other nine parts away?" - Nick StromwallSupport the show

What if you could take your passion and turn it into a real estate empire? Ryan Dumas shares his investing origin story, spanning the predictable path from restaurants to finance...with an unexpected twist into storage units, apartment complexes, and beyond.Ryan Dumas is a Senior Associate with GRP Capital and has been active in the hospitality industry for 25 years, practicing in financing, lodging, and food and beverage. Ryan’s extensive network of hospitality professionals and active participation in the industry has been a driving force to support GRP Capital in becoming a nationally recognized financial advisor and direct lender. [00:00 - 09:22] Learning from Failures and Seeking MentorsRyan got started in the restaurant industry and transitioned into financeThe importance of learning from past deal failuresSurround yourself with people who have done it before successfullyThe goal is to focus on asset management and working with solid teams[09:23 - 23:58] Evaluating Deals and Managing Assets Critical to analyze financing terms and the ability to refinance or exitTarget emerging markets in Southeast US like Tennessee and the CarolinasPartner with local operators to run assets in Midwest markets[23:59 - 29:38] Balancing Business and FamilyBuild systems and teams to create more freedom in scheduleTaking action and getting uncomfortable is key to growthHelp others along the way and add value to the community[29:39 - 37:36] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessWorst job ever was being a data analystBook that gave a paradigm shift: The BibleSkill/talent to learn: Being a handymanSuccess means being able to enjoy the time with family while building a legacy Connect with RyanFacebook: https://www.facebook.com/ryan.dumas3 LinkedIn: https://www.linkedin.com/in/ryan-dumas-77280482/ Phone: 727 729 2647LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"[In real estate], everybody's experience is different. You don't want to be going to 20 conferences a year and being in 10 masterminds… You have to have that medium slope of having a coach or two coaches, being in a mentorship or two, learning… having that right mindset, hanging out with people that have that right mindset like you, those same goals as you, that can work with you. " - Ryan DumasSupport the show

Do you want to know how cost segregation can help real estate owners lower their income tax liability? In this episode, we'll explore how cost segregation works and the benefits it can offer. We'll discuss the properties it applies to, such as single-family, retail, office, industrial, and self-storage. We'll cover different depreciation methods, such as five-year and 15-year property classifications. We'll also explain when to do a cost segregation study and how it works with CPAs. Plus, we'll give you the lowdown on bonus depreciation and the cost savings opportunities associated with cost segregation on previously owned properties. Tune in to this episode to learn everything you need about cost segregation![00:00 - 05:58] Unlock the Benefits of Cost SegregationCost Segregation is a tax strategy that allows real estate owners to lower their income tax liabilityIt involves breaking down the property into its components and assigning different valuable lives, values, and timeframes for depreciationCost segregation can be done in the first year of ownership or on a property owned for many years[10:56 - 19:34] Maximizing Your Tax BenefitsMost accounting firms do not do cost segregation in-houseCPAs are not tax strategists and do not advise on tax strategiesCost segregation studies can be done by a third-party firm or DIY softwareDepreciation deductions can only offset passive income unless you are a real estate professional[19:35 - 26:15] Recapture TaxRecapture tax means when you sell a property, you're subject to capital gain tax on the amount of profit between the purchase price and sale priceThe recapture tax is broken down into three levels, with some portions taxed at 25LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"Cost segregation is a tax strategy that allows real estate owners to lower their income tax liability by increasing deductions during the early years of ownership." - Yonah Weiss"The depreciation is not intrinsic to the property. It's intrinsic to the property owner, which means every time the property changes hands, you get to start over that 27-and-a-half-year schedule."" - Yonah Weiss"No one likes paying huge amounts of tax. The best strategy I've found and have seen hundreds of people literally use is self-managing your short term rentals." - Yonah WeissSupport the show

Barrett Lindberg joins us to discuss opportunity zones - an innovative program that provides major tax incentives for long-term investments in low-income areas designated as opportunity zones. We explore how real estate investors can utilize opportunity zones to eliminate capital gains tax and recapture on properties by combining tax deferrals with cost segregation and bonus depreciation over long hold periods.Barrett Linburg is a co-founder of Dallas-based Savoy Equity Partners, which specializes in multifamily real estate investments. With 17 years in commercial real estate, Barrett has expertise in sourcing and capitalizing multifamily projects in all parts of a real estate cycle. [00:00 - 06:47] Barrett’s Early Professional JourneyStarted in commercial mortgage brokerage for hotels and apartments after collegePersisted through the 2008 financial crisis by networking and building connectionsBegan buying and renovating multifamily properties in Dallas up to 2000 units[06:48 - 18:10] What You Need to Know About Opportunity ZonesBipartisan program to incentivize investments into low-income areasTax benefits include deferrals on gains, no capital gains after 10 years, and no depreciation recapture3 types of properties qualify - original use, vacant land, substantial renovation[18:11 - 28:37] Projects on OZ and Improving CommunitiesFocused efforts by acquiring 20+ properties within one OZ areaRevitalized a high-crime Dallas neighborhood by upgrading propertiesThe competition status in Opportunity Zone projects[28:38 - 33:44] The Final Four: Worst Job, Book, Skill to Learn, & Definition of SuccessWorst job ever was being a sandwich artistBook that gave a paradigm shift: "Shadow Divers” by Robert KursonSkill/talent to learn: Flying a planeSuccess means being able to set your own scheduleResources MentionedNovogradacConnect with BarrettWebsite:https://savoyequity.com/Twitter: https://twitter.com/dallasaptgp LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quote:"The goalposts always move, right? And some days that’s money. Some days that’s, I just want to spend time with my family. But I think ultimately it revolves around family, being able to spend time with them and set your own schedule and do that." - Barrett LinburgSupport the show

Casey shares how he leverages his local Wyoming market expertise and creative financing strategies to find real estate opportunities across the unexplored state. He discusses building a portfolio of rental properties as well as new endeavors in larger multifamily and commercial deals.Casey is a serial entrepreneur ranging from Real Estate to the Sports & Fitness industries. After buying his first property while in college over 10 years ago, he has gone on to develop integrated real estate businesses in multiple regions across the United States. He is now sharing his knowledge and experience as a real estate investor and business owner through digital and in-person gatherings.[00:00 - 13:25] Getting Started in Real Estate    House hacked first rental property during college with dad’s helpUsed oil & gas schedule to self-educate constantly on real estateRefinanced first property to use for second multi-unit purchaseConverted second property into a duplex to increase rents/cash flow [13:26 - 25:28]  Implementing Effective Marketing Strategies Uses variety of marketing strategies to contact motivated sellersTracks ROI data on each inbound lead source through CRMProvides creative financing options others wholesalers don'tAssumes existing mortgages or creates new loan notes with sellers [25:29 - 40:34]  Expanding into Larger DealsStarted wholesaling out of necessity but more money in long-term holdsLarger deals magnify returns with less effort than multiple small dealsCreated fund vehicle to scale buys of stabilized assetsJust closed on 63-unit apartment complex renovationResources MentionedTeaching Professionals How to Grow and Invest by Casey Gregersenhttps://caseygregersen.comConnect with Casey!linkedin.com/in/caseygregersenLEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"This is a market that’s untapped. And I, it’s really, it’s just our niche." - Casey Gregersen"The easiest thing that we do is to be able to buy it, fix it, and rent it out." - Casey GregersenSupport the show