First Responders Wealth Network Real Estate Investing Podcast

Latest Episodes:

Investing in Mobile Home Parks with Sydney Barker Jan 07, 2022

Show notes

Real estate investors are always on the search for potential ways to make money. Single-family homes and multi-family properties are two common investments.

However, there is one form of investment that will surely give better gains and return: Mobile Home Parks. Sydney Barker, Vice President of Finance at Washington Street and Asset Manager at Open Door Capital LLC, joins us in this episode to explain why Mobile Home Park Investment is increasingly important.

Listen to this episode now!

Highlights:

[01:56] Who is Sydney Barker?

[02:37] What interested her in Mobile Home Parks?

[04:45] What was her background story 3 years ago?

[07:31] What motivates her to keep going on this business?

[09:33] How did she find her first deal?

[12:19] What is Mobile Home Park?

[15:30] How expensive is Mobile Home Park?

[16:43] What is an Open Door Capital?

[18:23] What kind of corporate are in Mobile Home Parks?

[19:32] What is the financing evaluation to consider when acquiring a Mobile Home Park?

[22:54] The strategy with Mobile Home Park compared to a Multifamily Property

[25:08] How much is the average rent of a Mobile Home Park?

[27:00] Mobile Home Park versus Multifamily Property

[28:41] What markets does her company prefer in finding good deals?

Links:

Instagram: SydneyBarker1

Email: sydney@odcfund.com

LinkedIn: Sydney Barker

Becoming Your Own Banker: How Infinite Banking Works with Donovon Coates Jan 01, 2022

Show notes

We all put money aside for our retirement typically at a bank and then borrow money from the same bank. Wouldn't it be amazing if we could develop our own banking system where we could save and spend our own money rather than having the bank take all the interest? This concept is known as Infinite Banking and it's not a scheme. All too often we see people getting confused between infinite banking with life insurance, specifically dividend paying whole life insurance. However, Infinite Banking is not a product, but a concept that uses life insurance.

In today's episode, we will be joined by Donovon Coates. Donovan owns and operates a transport business, has traded stocks, and has owned and restored real estate. It was when he was recovering from an injury he received as a firefighter in 2014 that he got serious about financial education. Donovon worked with a friend at his brokerage and took steps to get licensed for insurance. He could see the value the insurance industry offers to help people with their finances and that the regular financial advice banks offered just didn't cut it. Though he had heard of the Infinite Banking Concept before, he saw it with fresh eyes in 2017; the eyes of a financial and insurance professional. He was amazed! He devoured all the information he could and got his practitioner certification through the Nelson Nash Institute.

This business venture let's Donovon combine all of the things that matter most to him—helping friends, family and clients prioritize their goals and dreams for their families and businesses. And all of it safely, securely, privately, with minimized risk and more flexibility ever offered by a traditional bank.

Listen to this podcast now and learn how you could keep all of your interests throughout your life!

Highlights:

[07:39] How Donovon discovered Infinite Banking

[09:22] Can you borrow against your life insurance policy?

[13:00] How to protect your profits

[14:05] Interest and Contributions: How does it grow?

[14:58] Growth Of Interest Rate Overtime

[16:30] How does contribution work?

[19:22] What drives Donovon to create a lot of side businesses?

[22:40] How Infinite Banking helps Donovon's Real-Estate Venture

Links:

Book: Becoming Your Own Banker

Website: https://www.donovoncoates.com/

LinkedIn: Donovon Coates

Facebook: Donovon Coates Financial Professional.

Instagram: @financial_education_canada

Youtube: Donovon Coates

Email: info@donovoncoates.com

Phone No.: 403-607-7693

Building his Pension 2.0 through Real Estate with Jules Mckenzie Dec 23, 2021

Show notes

It's tough to estimate future costs. However, as you approach retirement, you'll have a better idea of how much money you'll need to maintain your current standard of living, and real estate is an ideal opportunity to start investing. Real estate generates constant cash flow, appreciates in value in lockstep with inflation, generates a higher return owing to positive leverage, and allows for equity development through debt reduction.

In today's episode, we will be joined by Jules Mckenzie. Jules Mckenzie and his beautiful wife Ange have been investing in residential real estate for 19 years in Orillia, Ontario Canada. Jules and Ange manage their own properties. Jules is a police officer with Rama Police Service. He is also a member of the Real Estate Investment Network and receives ongoing training and support to continue investing.

Listen to this podcast and discover how to not rely on your pension!

Highlights:

[06:23] How did Jules McKenzie get his start in real estate?

[14:05] Jules Mckenzies's First Experience in Renovation

[15:55] The best $5000 Jules has ever borrowed

[17:30] Why is Jules scared in Renovation Projects?

[17:30] Jules experience with Elite 52 Coaching Program

[21:23] What motivated Jules to pursue a career in real estate rather than rely on his pension?

[21:23] How is Business Skills Transferable on a Full-time Job?

[28:10] What kind of properties was Jules concentrating on right now?

[32:26] Jules' Advice for New Starters

Links:

Website: http://www.mckenzieproperties.online/

LinkedIn: https://www.linkedin.com/in/julesmckenzie/

Instagram: https://www.instagram.com/mckenzie.jules/?hl=en

Facebook: https://www.facebook.com/jules.mckenzie.50

Twitter: https://twitter.com/mrjulesmckenzie?lang=en

People Mentioned:

Don Campbell

Patrick Francey

From Communism to an Abundant Mindset & Financial Freedom with Ben Humble Dec 13, 2021

Show notes

People have an innate desire to advance and progress in whatever they do. Progress keeps us enthused and the momentum going. It binds us to the meaning and purpose of life. Pursuing your passion is a fantastic accomplishment in life, but earning money while doing so is even better. If you are a first responder, know that you can also be a millionaire too and there is no stopping you from achieving that. But how can you do it?

In this episode, Ben Muresan known as Ben Humble joins Dave Knight as he talks about following intrinsic progress to defy limitations. Instead of making an option between pursuing your career and entrepreneurship, you can do both. He strongly believes that we need to keep learning and keep going because lack of progress leads to despair. You can transfer what you become, money is just secondary. Once you are there, develop a mindset on how to keep growing so that you can help and impact more people.

If you want to progress financially and defy your limitations, this podcast is for you! Tune in and learn more from the best!

Highlights:

[03:51] How did Ben Humble's journey begin in entrepreneurship?

[10:00] In his perspective, how can one grow money and become a millionaire?

[12:04] What inspires Ben to keep growing?

[17:44] What advice can he give to people who are reluctant to get bigger and are limiting what they are capable of?

[25:04] What impact has he had on helping others now that he is financially successful, and what is his current game plan to grow and help more people?

Link:

Website: https://humble.ceo/

FB: Ben Muresan

IG Handle: @benhumbleceo

Book:

Other People's Money by Robert Kiyosaki

The 4 Hour Work Week

Scaling Properties with Mortgages with guest Jacob Perez Dec 03, 2021

Show notes

In today's episode, we will be joined by Jacob Perez. He has been investing aggressively in the Hamilton, Ontario real estate market since he was 23 years old. Leveraging his early success, he began partnering with families and professionals in the Greater Toronto Area (GTA) to complete joint venture real estate transactions. Jacob also works as a Mortgage Agent with Synergy Mortgage Group, a role that allows him to assist investors and first-time homebuyers leverage real estate to build wealth.

Listen to this podcast now!

Highlights:

[02:30] Jacob's Real Estate Background

[08:16] Where do people go when they can't lend anymore?

[13:19] Commercial Lending: All You Need to Know

[16:02] What's the best market to invest in?

[21:12] What are the different bank concerns about Airbnbs?

[23:35] What is market rent?

[26:50] Where does it lead you when you try real estate?

[29:00] Commonly Asked Questions by New Investors

Links:

Website: https://synergymortgagegroup.com/

LinkedIn: Jacob Perez

Instagram: @jacobperez10

Synergymortgages

Youtube: Synergy Mortgage Group

Email: Jacob@Jpmortgage.ca

jacob@synergymortgagegroup.com

@MiketheCop - From First Responder to Financial Independence & Helping Our Own Build Wealth Through His 10-7 Project Nov 19, 2021

Show notes

In this episode, Mike Edwards AKA: 'Mike the Cop' (@mikethecop) joins us in the podcast and shares his journey from his 11 years of service in law enforcement towards taking a huge leap of faith pivoting into real estate, specially by getting his realtor license. Mike also discusses how his Ten-7 project has inspired him into helping 10,000+ cops, firefighters, veterans, and other public safety employees supplement or replace their income, adding more security and resources. Tune in to learn more about what it looks like transitioning from being a first responder to living a life of financial independence.

Highlights:

[01:39] How and why did Mike start a real estate business?
[03:53] Mike's purpose in making the Mike the Cop videos
[11:46] What is The Ten-7 Project all about, and how does it help first responders?
[17:05] How does Mike's program work, and what does it look like?
[21:24] The importance of time frame and the art of closing a deal

Link:

The ten 7 project.com

Mike the Cop

Mike the Cop/Facebook

Instagram: @mike_thecop

The ten 7 project/bootcamp

How to Dominate Multi-Family with Rod Kheif Nov 05, 2021

Show notes

Investors who seek an additional source of monthly income, as well as a slow but steady increase in the value of their portfolio, can consider rental property investing. When it comes to residential real estate, there are two categories of properties to consider: single-family homes and multi-family homes. Today we are going to talk about reasons why you should invest in multi-family properties.

In today's episode, we are joined by Rod Khleif. He is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country's top real estate trainers, Rod has personally owned and managed over 2,000 properties.

Rod is also the host of a Top-Ranked iTunes Real Estate Podcast which has been downloaded more than 10,000,000 times – "The Lifetime Cash Flow Through Real Estate Investing Podcast." Rod is the author of "How to Create Lifetime Cash Flow Through Multifamily Properties" , considered to be an essential textbook for aspiring multifamily investors.

As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 100,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America's top real estate investment and business development trainers.

Tune in to this podcast and get some helpful tips!

Highlights:

[00:39] How Rod's mother influenced his Real Estate Career
[03:40] What happened to Rod during the years 2006 and 2008?
[04:58] Why is Multi-Family Real Estate better than other real estate?
[16:42] The Advantages of Multi-Family Real Estate
[23:10] The Cycle of Real Estate
[25:40] How do large corporations get returns?

Links:

Website: https://rodkhleif.com/

LinkedIn: Rod Khleif

Facebook: Rod Khleif

Twitter: Rod Khleif

Instagram: rod_khleif

Youtube: Rod Khleif

Link for bootcamp: https://www.multifamilybootcamp.com/mf-bootcamp-orlando-rod50251504

Code:

Text: Multifamily-72345

Code: Rodkhleif

Go to the link Multifamily bootcamp or text Multifamily-72345

Book Mentioned:

How to Create Lifetime CashFlow Through Multifamily Properties: The New Rules of Real Estate Investing Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing Paperback

The Power of High-level Masterminds, Networking, and Ending Up on Richard Branson's Necker Island Oct 23, 2021

Show notes

Through the mastermind's techniques and experiences, real estate masterminds have been known to help investors quadruple or treble their firms. It will not only transform your business but will also assist you in forming relationships that will help you close more sales in the future.

You may or may not agree, but as a real estate investor, you should consider joining mastermind groups to help you grow your business to new heights.

In today's episode, we will be joined by Joseph McCabe, an Entrepreneur from Philadelphia. Owner of 4 RE/MAX Affiliates Offices, CEO of Home | Front Mortgage, Owner of Keystone State Abstract, LLC, Vista Abstract LLC, and many other title agencies, Managing Partner of Surefire Group holding over 60 properties.

Joseph is also a managing partner in multiple home care agencies with gross revenue of 15 million nationwide. Joseph has many LP investments in the Tech and HealthCare space, including a board position with Lease Pitch. He's a Proud Veteran of the US Army Military Police Corps, and a Philadelphia Native graduating from Father Judge High School and Attending Pennsylvania State University and Cabrini College. He is a founding member of the National Museum of the Army at Fort Belvoir, VA. Joseph is a private pilot and leases airplanes at the northeast airport to flight schools. Joe enjoys traveling with his wife, Collecting Historical American art, Flying, and Powerlifting.

Listen to this podcast now and learn how mastermind groups could help you grow in your real estate journey!

Highlights:

[01:51] Why did Joseph describe his 2020 as full throttle?
[06:35] What opportunity arises at Necker Island
[07:30] What changes Joseph's mind on flipping houses?
[08:30] How Joseph's Mastermind Group helped him in his success
[12:05] Go Abundance: Membership and Net-worth Requirements
[13:31] How did Joseph hit off with Richard Branson?
[18:24] Joseph's takeaway from his weekend in Necker Island
[23:34] What is Go Abundance?
[26:10] Joseph's 1st Mastermind Group that changed his life
[30:54] How did Joseph's journey go in the past, and how is it going now?

Links:

Website: https://www.homefrontloans.com/
https://www.gobundance.com/
Instagram: @josephcmccabe

People Mentioned:

Lessons after 200 Duplex Conversions with Jon TenBrinke Oct 10, 2021

Show notes

Contractors and building your power team is the key to scaling, especially if you're still working full time. You can't do it all, and today's guest will explain just that, plus break down how. Check it out!

In today's episode, we will be joined by Jon TenBrinke. After graduating, he began his apprenticeship, got his license at 24 became the youngest master electrician in Ontario's history. After 7 years of running his electrical contracting business, the opportunity presented itself to get into the general contracting game and for the past 3 years has been doing just that as co-owner of Black Jack Contracting Inc.

Listen to this podcast now and learn how efficient it is to have a contractor in Real-Estate Investing!

Highlights:

[01:58] Jon TenBrinke's Background
[03:20] How did they get to the conclusion to concentrate on R.E.I by chance?
[06:30] How does Jon grow his portfolio while expanding his business?
[07:45] Jon TenBrinke's GOAL right now
[09:30] The ratio of the clients who convert or flip house
[12:40] The best R.O.I in Ontario
[14:48] Why do people reach out to Jon?
[18:50] What should a new investor look for in a contractor?
[19:24] The best thing about being in the R.E.I
[22:20] What is the overall issue with the contracting industry?

Links:

Website:

https://blackjackcontractinginc.ca/
https://reicontractor.ca/

Facebook:

https://www.facebook.com/blackjackcontractinginc/
https://www.facebook.com/reicontractor

Instagram:

@blackjackcontractinginc
@reicontractor

Youtube:

Black Jack Contracting Inc
The REI Contractor

Book:

The E Myth: Why Most Businesses Don't Work and What to Do About It

Jab or Job? Firefighters4Freedom.org Fighting for the Right and Freedom to Choose Oct 02, 2021

Show notes

When making a choice, there are several factors to consider. It is vital to have the ability to make decisions. We are deprived of our natural rights when we are denied the ability to choose. The most important thing we can do is fight for our rights. The other part is that we should demand our rights and understand how and when to use them since these rights provide us power and empower us to speak up for what we think is right and justifiable.

In this episode, John Knox, a former firefighter, builds a group that believes that all of the citizens have the freedom of choice and natural rights. Listen to this episode now and learn how you can fight for your rights!

Highlights:

[15:00] Who Is John Knox?
[17:00] John Knox's Background
[20:17] What is the message and purpose of the Firefighters for Freedom?
[28:00] Fighting the city mandate as the focus of the group
[30:58] Who are the members of their team?
[35:40] What is one of their main reasons why they kept on moving?
[40:23] The strategy of "Divide and Conquer"
[47:26] His opinion on forcing people for the safety of everybody
[51:46] His belief in mandating everyone to get vaccinated
[58:46] Knowing more about the vaccine's adverse effects

Link:

Firefightersforfreedom.org

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