The Art of Passive Income

Latest Episodes:

Real Estate Investing – How To Generate Success With Effective Leadership Skills Sep 17, 2020

Show notes

Ron Brooks is a former athlete, banking economist, real estate investor, career strategist, and podcast consultant. He is the founder of Legacy Livin’ Real Estate Partners, a real estate investment company that buys properties and connects motivated sellers to qualified tenant buyers through rent to own and lease purchase options.

Ron has over seventeen years of banking and residential and commercial real estate investing experience and today he exercises his excellent leadership skills to help distressed sellers get top dollar for their properties and buyers to get the property they want at a lesser cost.

Listen in as they discuss:

Leadership skills and characteristics needed to create success.
The application of effective leadership skills.

And more!

Ron shares the best lesson his father taught him and how he applies it to his daily business operations. He also recommends a daily ritual or habit that all listeners should experiment with to learn leadership.

TIP OF THE WEEK

Mark: My tip of the week is of what Ron Brook said about persistent-consistency, all throughout he's saying is we need to have grit if we want to be successful in life. Also, it's always worth revisiting Angela Duckworth's book called GRIT and I got another book called 177 Mental Toughness Secrets of the World Class: The Thought Processes, Habits and Philosophies of the Great Ones by Steve Siebold. And learn more about Ron Brooks at legacylivinrealestatepartners.com.

Scott: Check out Chrome Plug-in, what it does is it allows you to come up with pretty cool formatted email subject lines.

Ron: Check me out at legacylivinrealestatepartners.com, if you're interested to buy and sell real estate on terms connect to me there. I also have a podcast, The Minding Your Business Podcast, check me out at themybpodcast.com.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

A Round Table Discussion— Early Fears We Had When We Started Our Land Investing Business Sep 15, 2020

Show notes

Joining Mark this week are:

Erik Peterson
Scott Bossman
Mimi Schmidt
Tate Litchfield
Scott Todd

Listen in as they go around the room and discuss some early fears they had when they started their land investing journey and also how they transitioned from the corporate world to full-time land investors. Also, Scott Todd gives a valuable quote that you may need as your motivation today.

TIP OF THE WEEK:

Scott Bossman: I'm reading and listening to two books right now that complement each other well, what I'm listening to is “Personality Isn't Permanent” by Benjamin Hardy and the other one that I'm reading is “Limitless” by Jim Kwik. Limitless is great because it's all about our unlimited potential and purpose in life and even if we continue to get older, our brain mature, and all of these strategies that you can employ to become smarter over time and to push your boundaries physiologically and psychologically. Benjamin Hardy's book talks a lot about having a purpose-driven life.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Building Your Business – How To Reach Your Target Market Sep 10, 2020

Show notes

Paul Higgins is a solo entrepreneur, author, and mentor who helps coaches and consultants to build the businesses and lifestyles they desire. He spent eighteen years working for Coca-Cola, one of the biggest companies in the world, but later had to leave the corporation in 2011 to focus entirely on his lifestyle after encountering a major health challenge.

Over a five years period, Paul founded and run several successful businesses that include coaching, advisory, outsourcing and technology. He also joined a mastermind with the plan to learn how to run his own, and in 2016 he founded Build Live Give, to help coaches and consultants build their dream businesses and lifestyles while giving back through investments and property.

Listen in as they discuss:

Paul’s journey to becoming an excellent mentor
The difference between a mentor and a coach
The process of getting leads for your business through LinkedIn
Can raw land be sold on LinkedIn
Finding your target market

Paul also shares some of the worst advice he has heard given as a mentor. Tune in to hear more!

TIP OF THE WEEK

Mark: My tip of the week is learn more about Paul Higgins at buildlivegive.com.

Scott: Check out chartit.io, you can add data and come up with some great looking charts, you can have a lot of fun with this thing.

Paul: First tip is a book called Build Live Give. It's about my journey of leaving corporate, mentoring; just go to buildlivegive.com there's a free check. The second thing is, you have to go to your audiences so go to blgdownload.com I will give you five kilo tips to shop in your profile so if people hit your profile there's a chance that they're going to have a coffee chat with you.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

How Important Is It To Make Decisions Solely On You? Sep 08, 2020

Show notes

Joining Mark this week are:

Erik Peterson
Mike Zaino
Mimi Schmidt
Tate Litchfield
Scott Todd

Listen in as they go around the table and discuss how they would handle scenario’s where they are asked for second opinions, what would they have done if they were the ones making a decision and how would they help others to make decisions that generate results by their own actions.

TIP OF THE WEEK

Mike: My tip of the week is a quote, “Even a fly could travel a thousand miles on a horse's tail”, I think what that speaks to is surrounding yourself with people that can help you. You can literally change yourself by surrounding yourself with people who have a different experience, a different set of skill scale.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

What You Need To Create Success In Multifamily Real Estate Sep 03, 2020

Show notes

At a very young age, Agostino had already developed a love for entrepreneurship and a burning desire to one day create and own a software company. However, after having his family and society’s expectations weighing heavily on his shoulders to work a regular 40 hours job, Agostino dream of becoming an entrepreneur was put on hold and he went on to fulfill these expectations.

Over the years he had some success while working for several great companies but one day everything changed when he was released from his job. With no direction and financially broken, Agostino was introduced into large real estate deals that changed the entire course of his life. He ended up building a real estate portfolio, general partnering over $40 million of deals in 20 months and today he helps people get into the real estate deals of their own and build their own wealth.

With a focus on multifamily investing, he has combined his passion for real estate with his personal philosophy of goal setting and manifesting success to change the way people invest in multifamily real estate.

Listen in as they discuss:

Multifamily real estate investing
Syndication
How multifamily works
General partners and limited partners

We have a choice we can either have fear or have faith and it's the story we have to tell ourselves which one of these two things are we going to believe. ~ Agostino Pintos

Agostino also shares some of the worst advice he has seen and heard given in real multifamily and gives some brilliant ones on how to operate in multifamily real estate.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Agostino Pintus in Multi-Family Investing just go to bulletproofcashflow.com and check out his books.

Scott: If talking to people is a problem, I would recommend to check out this book, it's How To Talk To Anyone 92 Little Tricks for Big Success in Relationships.

Agostino: The two biggest things that people often complain about are they don't know how to raise money and they can't find deals. Text FREEDOM to 2024104202, you can get these two free ebooks; download them, read, learn, and apply. That is a great resource to get started if you're afraid.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Is Success Better Guaranteed When You Focus On One Area Instead Of Multiple? Sep 01, 2020

Show notes

Joining Mark this week are:

Erik Peterson
Mike Zaino
Scott Bossman
Mimi Schmidt
Tate Litchfield
Scott Todd

Listen in as they go around the table and discuss the benefits and possibilities of focusing on one county versus operating in multiple counties at the same time. They also share with us how they became successful with their approach to buying properties when they got started in the land business.

TIP OF THE WEEK

Tate: One of my main tools that I use to communicating with the VA Team is a software called Slack, and what I dislike about slack is I can't set recurring reminders, so my tip of the week is Workast. It's a Slack plug-in, it's free and you can set a recurring daily/weekly/monthly/yearly task and send over to your VA Team. It's super easy and what I like about it is once your team gets things done you'll get a notification.

Scott: People fear they'll run into a problem with their business, it's not a business problem, but it's in the brain like a mental disconnect -we're scared. There are many different ways you can attack this, try this for a week or two to solve this problem, grab a spiral notebook or just 3 pieces of paper and every day start writing everything that comes to your mind. Write everything until you've filled the 2-3 pages and put it inside an envelope, don't read it and don't think about it just put it away and what you'll find in doing so is that all of those fears, all of those emotions, everything evaporates on that piece of paper. Don't stop your pen from writing even if you don't have anything to say, just keep writing. You'll find that all of those fears disappear and all of a sudden your brain is clear. You'll start to have a vision on how to grow your business or whatever it is that you want.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Hotel Real Estate Investment – A Successful Journey To Financial Freedom Aug 27, 2020

Show notes

Nichole’s journey to financial freedom started after a weekend trip to Barnes & Nable, one of her favorite way to unwind with her husband Mike on the weekends. During that trip, she stumbled across a copy of Robert Kiyosaki’s book “Rich Dad, Poor Dad” something that would change their lives forever.

The book outlined a very important financial concept for the couple. It was just what they needed to take action to control their future. They immediately signed up for a real estate seminar and right after they jumped right into purchasing three investment properties using their credit card advances to fund their down payments.

However, after three months of owning and managing their new properties, they had to give them back after falling deeply into debts as a result of lacking skills and knowledge on how real estate works. Nichole and Mike were determined to take another shot at real estate investment and so they equipped themselves with the knowledge and experience they needed to run a successful real estate business, manage risk, and conservatively assess properties and opportunities.

Listen in as they discuss:

The hotel real estate niche
Branded flag franchised hotels
The process of buying a hotel
The numbers of real estate investing from a cap rate perspective
Revenue per available room (RevPAR)

Nichole also shares details on how she manages and operates her business to create passive cash flow.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Nichole Stohler and her geeky empire at therichergeek.com.

Scott: Check out Aida Form (aidaform.com); they offer free services, it's free, they build online forms and bet them into websites, it immigrates to mailchamp to build your buyer's list.

Nichole: My tip is a book called Built to Sell, if you want to grow a successful business that is bigger, you have to be in this mindset that you're working on the business with strategies not in the business.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

What Is The Response Rate To The Offer Letters Sent Out Monthly? Aug 25, 2020

Show notes

Joining Mark this week are:

Erik Peterson
Scott Bossman
Mike Zaino
Mimi Schmidt
Scott Todd

Listen in as they go around the table and discuss how many offers they currently send out on a monthly basis and what is the response rate they receive. The Land Geeks also gave a synopsis on how their first virtual Bootcamp went.

TIP OF THE WEEK

Erik: My tip of the week is an app, you can find it at the thetoday.app. If you're deeming your week and building habits, accomplishing your tasks, you can use it to help you to stay on track and not get distracted.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

What You Need To Know About Multifamily Investments Aug 20, 2020

Show notes

Ellie Perlman is the founder and CEO of Blue Lake Capital, a real estate investment firm that specializes in multifamily investments. She started her career as a commercial real estate lawyer but later transitioned to a property manager, overseeing properties worth over one hundred million dollars.

Ellie holds a Masters in Law and an MBA from MIT Sloan School of Management. She is a Forbes author and a real estate investing podcast host.

Listen in as they discuss:

Ellie’s multifamily model
Challenges she faced with deals in multifamily investment
Her thinking and evaluation process with her multifamily business

Also, Ellie shares her story of her transition from a real estate lawyer to a real estate investor and talks about her reasons for choosing multifamily of all the real estate niches. Tune in to hear more!

TIP OF THE WEEK:

Mark: My tip of the week is learn more about Multifamily, and look at bluelake-capital.com

Scott: Got a good book called How to be a Great Sales Person by Monday Morning. If you want to increase your sales read that book by David Cooke.

Ellie: One of the books I've read was called Influence by, it's a great book and it talks about how you can influence people, it's how to connect with people, how to succeed in life and business. You can use that information in your personal life. Another book is called The One Thing by Gary Keller from Keller Williams. Also, if you go to my website you can download a free guide that will basically lead you to the 5 Most Crucial Components that you need to look at when you're investing passively in a deal. Check it out!

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Are Credit Card Payments Acceptable For A Cash Sale? Aug 18, 2020

Show notes

Joining Mark this week are:

Erik Peterson
Scott Bossman
Mimi Schmidt
Scott Todd

Listen in as they go around the table and share their experiences accepting credit card payments for a cash sale and the outcome. They also share whether or not someone has done a chargeback on a down payment or cash payment in their business.

TIP OF THE WEEK

Erik: My tip is a website (Web App), it's geckoboard.com. Basically, it's a dashboard, a visualization type tool where you can connect say to a google spreadsheet with data in it and create visualization around that. Tracking your students a lot to know their metrics and numbers, this is a good resource, it's free. There are paid versions, but it's free to start, and you can create nice visualizations with your data and it can help you interpret it a little bit more quickly.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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