Passive Wealth Strategy Show - Real Estate for Busy Pros
Escaping the W-2 with Remote Flips, Affordable Housing, and more

Escaping the W-2 with Remote Flips, Affordable Housing, and more

October 3, 2022

Kevin Dugan is a serial entrepreneur with a diverse background in building remote teams, acquiring underperforming assets, construction management, asset management, and managing assets and construction. 

 

He is currently the Managing Partner of Altus Investment Group, a fast-growing private equity firm with 35AUM that specializes in acquiring, repositioning, operating, and selling residential and commercial properties that are underperforming. These investments have yet to achieve their full potential due to poor management, operational inefficiencies, or outdated materials. His team implements systemized improvements and proven processes to maximize the net income of the assets. Altus is vertically integrated with in house property management, full-time general contractors, and an acquisition group. 

 

Kevin is passionate about educating others to achieve financial freedom. He is the co-founder of MultiFamilyMasters.com, one of the fastest-growing multifamily meetup communities in Los Angeles, which now has over 8,000 members.

 

 

 

[00:01 - 09:52] Opening Segment

 

  • Kevin shares about how he got his start in real estate and getting inspired by the purple book
  • Remote investing in Chicago while living in LA
  • Being able to bring value to a deal by providing capital all while living across the country
  • Valuing your time and educating yourself before starting in real estate

 

[09:53 - 17:48] Making the Switch to Affordable Housing

 

  • It takes hard work and sacrifice to be a business owner
  • Transitioning from remote investing to affordable housing and rental properties
  • Dealing with difficult tenants and assessing high quality residents for the property

 

[17:49 - 23:40] Investing and Getting a Return on the Property

 

  • Raising capital and helping others grow their investment 
  • Acquiring properties at a discount while having multiple exit strategies in place
  • Invest during a recession and get a job to help open opportunities
  • Investing time in real estate can help you attain financial freedom

 

[23:41 - 29:36] Closing Segment

 

  • Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

 

  • What is the best investment you've ever made other than your education?
  • First property he purchased with his mom in 2017

 

  • Kevin Dugan’s worst investments 
  • Quitting his job in 2019

 

  • What is the most important lesson you’ve learned in business and investing?
  • Invest in your education and in people

 

Connect with Gualter Amarelo through LinkedIn, and email kdugan@altusig.com

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“Ultimately, if you're in real estate long enough,you're gonna deal with some bad apples regardless.The question is, how do you make sure that you find the highest quality people who will hopefully take care of the property as long as possible. ” - Kevin Dugan

“Continue to invest. So what I mean by that is it's not necessarily putting your money out there, it's investing in your education, investing in people, investing your actual hard earned money. So really embracing the idea of a growth mindset and continuing to place both your time capital and actual capital into items that are gonna allow you to gain your financial freedom.”  - Kevin Dugan

         

 

 

 

 

Announcement - Upcoming Event & Why Some Investors Seem to Know it All

Announcement - Upcoming Event & Why Some Investors Seem to Know it All

September 29, 2022

Quick announcement about an upcoming event on October 13th at 8:00 PM Eastern. Spots are limited so don't wait to grab yours!

Grab your Webinar Spot: www.passivewealthstrategy.com/webinar/

Some real estate investors seem to just totally kill it & know exactly what to do. Why is that? We go over a recent lesson Taylor ran across when teaching newer investors how to get started. The reality is, experience is the best teacher! The best way to get experience is to work on it every day.

Learn about investing with us: www.investwithtaylor.com

From Rock Bottom Busy Pro to Multimillionaire Investor with Gualter Amarelo

From Rock Bottom Busy Pro to Multimillionaire Investor with Gualter Amarelo

September 27, 2022

Gualter Amarelo is the best-selling author of the books, “Broke To A Quarter-Million” and “Real Estate Alchemist – GET THE DEAL”. He is the host of the Alchemist Nation Podcast and has surrounded himself with over 100 millionaires. Together they have created a step-by-step, copy and paste system that literally anyone can use to create wealth. These are powerful investing & business strategies that can help any investor, at any level, find ideal people to partner with and draw them to you like magic. He happens to call the network Alchemist Nation!

 

 

[00:01 - 08:27] Opening Segment

 

  • Gualter shares how about his background and how he had to learn to be a millionaire
  • Utilizing acquired knowledge and applying them
  • Too much knowledge in the real estate space creates analysis paralysis 

 

[08:28 - 18:09] Surviving Divorce and Building Wealth

 

  • Gualter talks about how he sold his ex-wife's house to buy multi-family properties
  • Focused on producing wealth and not building relationships
  • Getting a start in real estate by becoming a real estate agent
  • Gaining success in real estate by first learning to fail

 

 

[18:10 - 33:52] Scaling Up and Growing the business

 

  • Finding partners to build a business relationship with and not for personal benefit
  • Wholesale is the worst way to enter the real estate market
  • Building right relationships is the key to success

 

[26:02 - 30] Closing Segment

 

  • Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

 

  • What is the best investment you've ever made other than your education?
  • His girlfriend

 

  • Gualter Amarelo’s worst investments 
  • Single family home in Fall River

 

  • What is the most important lesson you’ve learned in business and investing?
  • Be a decent human being. Be exceptional, be above.

 

Connect with Gualter Amarelo through Facebook ,Instagram, LinkedIn, and https://alchemistnation.com/

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“Books won't make you rich. Knowledge alone is like just knowledge, like it's just paperweight.” - Gualter Amarelo 

 

“How to build a 100-person database in the next 30 days. If you're looking for deals, it would be a hundred wholesalers or a hundred realtors. If you're looking for money, then it would be a hundred private lenders. If you're looking for the right relationship, the right spouse, it's gotta be 100 people you gotta go and have a conversation with until you hit that criteria.”  - Gualter Amarelo

         

 

 

 

 

 

From Active Duty Military to Full Time Real Estate Investor with Brian Briscoe

From Active Duty Military to Full Time Real Estate Investor with Brian Briscoe

September 26, 2022

Brian Briscoe runs an educational community designed to help people find partners and learn the business to purchase apartment complexes - the Tribe of Titans.

 

Brian Briscoe provides high-return investment opportunities in apartment buildings for those in my network. Message me to talk about your investing goals and see if we have a product that's right for you!

 

[00:01 – 07:28] Opening Segment

  • Brian Briscoe, math professor turned military turned real estate investor
  • Lenders are less restrictive on military members
  • Brian tells the story of how he found himself in real estate

 

[07:29 – 16:54] From Active Duty Military to Full Time Real Estate Investor

  • How Brian and I met at a meetup in 2019
  • Suffering analysis paralysis
  • The First Investment that Launched Brian’s Real Estate Career
  • How Brian Turned into Multifamily

 

[16:55 – 25:13] Change, Commitment, and Creativity

  • The Change to Brian’s Multifamily Approach while in the Pentagon
  • How to Commit 100% to Real Estate
  • Real Estate Commitment and Creativity

 

[25:14 – 30:11] Closing Segment

  • Quick break for our sponsors

    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • His first multifamily investment
  • Brian’s worst investment
    • $1000 in Bitcoin
    • Brian’s second single-family house
  • What is the most important lesson you’ve learned in business and investing?
    • “Ready, fire, aim.”

 

Connect with Brian Briscoe on LinkedIn and www.streamlinedcapitalgroup.com. Check out the Diary of an Apartment Investor podcast and The Tribe of Titans.

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                  

Tweetable Quotes:

“It is a lot easier to raise capital for large multifamily deals than for single-family units” – Brian Briscoe

“Commit to the path.” – Brian Briscoe

 

He Works 5 Hours a Week by Employing VAs! Here’s How. with Matt Larson

He Works 5 Hours a Week by Employing VAs! Here’s How. with Matt Larson

September 22, 2022

Growing up in a small town in Illinois, Matt began work at a local Machine shop, creating parts for agricultural companies like John Deere and Caterpillar. But after a few years, amounting debt and minimal pay raises forced him to look for another source of income. Spending the remaining money he had, he invested heavily in learning about real estate before successfully completing his first wholesale deal in 2006. Fast forward to the present, Matt has created a multi-million dollar real estate enterprise, completed thousands of real estate transactions, and holds a substantial portfolio of cash flowing properties. If you're just starting out, or already run a business and are looking to go to the next level, Matt has the knowledge to get the result you desire.

 

[00:01 – 09:40] Opening Segment

  • Matt’s 17 years in real estate
  • Making key hires, aka virtual assistants, to expand the business
  • How Matt financed his first property

 

[09:41 – 18:39] Working 5 Hours a Week

  • Employing virtual assistants in Matt’s business after reading The 4-Hour Workweek
  • Better with Processes: The Aftermath of Hiring Vas
  • Hiring Vas from the Philippines

 

[18:40 – 26:27] What Makes a Virtual Assistant

  • The VA Hiring Process
  • How COVID impacted the virtual world
  • Pieces of Advice from Matt: Why You Should Hire a VA

 

[26:28 – 33:24] Closing Segment

  • Quick break for our sponsors

    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • A high-paying flip
  • Matt’s worst investment
    • A bar
  • What is the most important lesson you’ve learned in business and investing?

 

Connect with Matt Larson through https://realestatematt.com, Facebook, and Instagram.

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                  

 

Tweetable Quotes:

“COVID was really the catalyst that made virtual really normal.” – Matt Larson

Fix Your Real Estate Business with These Questions with Terry Ogburn

Fix Your Real Estate Business with These Questions with Terry Ogburn

September 20, 2022

Terry Ogburn is the renowned owner and Lead Business Coach of Ogburn’s Business Solutions. His proprietary coaching system and personal devotion to the growth of others have contributed to the success of hundreds of small-to-large business ventures. In 1979, Terry began his entrepreneurial career by investing his last $118.42 to start an air conditioning service. He had neither a car nor a truck, but he had the knowledge and skill to establish partnerships. By 1983, he was one of the top five nominees for Businessman of the Year. In 1984, he won Young Businessman of the Year for the State of Florida, and in 1985, he began mentoring other small business owners as a leader in the business community.

[00:01 - 06:57] Opening Segment

  • Finding success as a young entrepreneur
  • Making the transition from entrepreneurship to the corporate world
  • Establishing a business that helps guide small-to-large businesses

 

[06:58 - 14:34] Asking the Right Questions

  • Assessing the owner's business goals, recruiting procedures, and business processes
  • The importance of establishing a touch between the customer and your business
  • Finding buyers using the qualifying out process 

 

[14:35 - 24:28] Creating 90 Day Goals

  • Establishing checkpoints to help reach your goals
  • Learn how to navigate the avalanche to keep yourself on track
  • Finding abundance through avoiding fear-based decision-making

 

[24:29 - 36:33] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 
  • What is the best investment you've ever made other than your education?
    • His first investment on a $17,000 property financed at 8% simple interest loan
  • Terry Ogburn’s worst investments 
    • Losing $4,600 on a deal
  • Wat are the most important lessons you’ve learned in business and investing?
    • Do not sell the house you are staying in until you have closed the deal on the one you are buying
    • It's not about getting in the deal so much as it is getting out of the deal. 

 

Connect with Terry Ogburn through https://terryogburn.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

 

Tweetable Quotes:

“Abundance is making decisions. If you make decisions, you're an abundant thinker.” - Terry Ogburn 

“So if you're looking for opportunities, your brain is gonna be open to look for them. So you have to visualize what you want. Visualize yourself already in possession of the commitment and just work hard and it'll be yours. ”  - Terry Ogburn  

         

3 Mobile Home Park Investing Lessons from Our Recent Webinar

3 Mobile Home Park Investing Lessons from Our Recent Webinar

September 15, 2022

Get notified about our next webinar discussion: www.passivewealthstrategy.com

Join our Passive Investor Club: www.investwithtaylor.com

Today we're discussing my top 3 takeaways from our recent webinar, a Step by Step Guide to Buying Your Next Mobile Home Park with Charlotte Dunford. 

This was a free, hour long webinar with an expert mobile home park investor who has acquired 28 mobile home parks using the exact strategies she taught us. Taylor shares his top 3 takeaways from this discussion.

Should Investors Hire Property Managers? with Peter Tverdov

Should Investors Hire Property Managers? with Peter Tverdov

September 13, 2022

Peter Tverdov is the Founder and CEO of Tverdov Housing, a management company in Central New Jersey. In this episode, Peter goes into how he got his start in real estate management and offers advice that may help you manage your own properties.

[00:01 - 09:25] Opening Segment

  • Fundamentals of property management and the operation of a property management company
  • Understanding the nuances of pet ownership and fair housing laws 
  • Seeing the value of your property and your time

 

[09:26 - 14:17] Understanding the Role of a Property Manager

  • Helping with tenant selection, screening, and processing
  • Providing guidance on deals and portfolio management
  • Keeping records up to date in accordance with State laws on behalf of the investor

[14:18 - 26:01] Adding Value to the Property

  • Helping in the rehabilitation of properties
  • Understanding how property grading helps investors in their property evaluation 
  • Establishing healthy relationships with contractors and investors 

 

[26:02 - 30:26] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 
  • What is the best investment you've ever made other than your education?
    • His family
  • Peter Tverdov’s worst investments 
    • Getting a coach to help grow his business
  • What is the most important lesson you’ve learned in business and investing?
    • Focus on what really matters and not what others say or think

 

Connect with Peter Tverdov through Instagram, YouTube, and tvdhousing.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          

 

Tweetable Quotes:

“One of the most important things I think a human can do is understand the value of their time.” - Peter Tverdov 

“You have to find somebody that you trust, but once you trust them, let them do their job. And if you don't think they're capable, then cut the cord. But if you find a property management company that's good, they're gonna be worth their weight in gold.”  - Peter Tverdov 

         

Leaving the W-2 To Invest in Multifamily & Development Full Time with William Walker

Leaving the W-2 To Invest in Multifamily & Development Full Time with William Walker

September 13, 2022

William is a CPA in the state of TN and a registered appraiser in GA. He has obtained diverse experience in portfolio and single-asset valuation, transaction due diligence, valuation review, quality of earnings analysis, construction, and property management, through his work as a consultant with Ernst & Young in their Transaction Real Estate Practice, and as a Managing Partner with 4M REI in the private equity sector.

 

While with EY, William worked on large transactions such as the acquisition of Post Properties by MAA, a 25,000-unit portfolio purchase. Since 2017 while working in the private sector, William has been a general partner on over $55 million of multifamily acquisitions.

 

Additionally, he has acquired management and new construction experience through his portfolio in Nashville, TN. William’s real estate valuation, accounting, and auditing background provides focused, applicable experience and support during acquisition, and throughout the life of the investment.

 

[00:01 – 08:23] Opening Segment

  • William Walker was a full-time real estate investor and developer who started out on the corporate side as a CPA
  • William’s ranch house in 2015 led him to where he is today
  • A Zigzag Direction in Real Estate

 

[08:24 – 17:37] Leaving the W-2 To Invest in Multifamily & Development Full Time

  • The key to success is progression!
  • Looking for cashflow: William’s deal evaluation process
  • Finding Comfort in a New Development

 

[17:38 – 24:38] Financing and Economy Cycles

  • How to Choose the Right Financing for You
  • Builder Confidence Surveys and Economy Outlook
  • Everything is a Cycle

 

[24:39 – 31:08] Closing Segment

  • Quick break for our sponsors

    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • William’s first deal
  • William’s worst investment
    • An Amazon drop shipping store
  • What is the most important lesson you’ve learned in business and investing?
    • Persistence

 

Connect with William Walker via https://4mrei.com and Instagram.

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                  

 

Tweetable Quotes:

“The market changes, we go through cycles in the economy, and we can't create the economy, but we can adapt to it and, you know, modified our strategy.” – William Walker

“In real estate, there's always a level of risk and a tolerance that you got to be willing to take.” – William Walker

Lessons From The Great Recession and Being a Private Lender with Derek Dombeck

Lessons From The Great Recession and Being a Private Lender with Derek Dombeck

September 12, 2022

Join our upcoming webinar: www.passivewealthstrategy.com/webinar/

Derek has been a successful Investor since 2002. He’s been through the ups and downs of the markets and has the scars to prove it. He has been involved in hundreds of transactions in his career. He’s done wholesaling, flipping, landlording, lending, and countless of other investment strategies throughout the years.

 

Derek loves negotiating with sellers. He loves to put together creative solutions for sellers that few other investors can put together.  Derek loves giving back to the real estate community. Derek is also a coach and mentor who has a passion for helping others be successful too.

 

[00:01 – 05:19] Opening Segment

  • Derek started as a house flipper and landlord in 2003
  • The Move to Private Capital

 

[05:20 – 15:13] Lessons From The Great Recession and Being a Private Lender

  • Blessings in Disguise and Tough Lessons from the Great Recession
  • Risking Your Primary Residence and Banks
  • Real estate long-term financing sets it apart from Wall Street
  • Derek talks about his book on the private lending process

 

[15:14 – 25:21] Raising Investor Capital

  • Derek’s Private Money Lending Rates
  • Creative Deal Structuring: Stacked strategies
  • Derek’s Client Investor Avatar

 

[25:22 – 32:32] Closing Segment

  • Quick break for our sponsors

    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • Joining several masterminds
  • Derek’s worst investment
    • A house that cost him a lot of cleanups
  • What is the most important lesson you’ve learned in business and investing?
    • “People are way too quick to blame somebody else.”
    • “Don’t become enslaved to a bank.”

 

Connect with Derek through https://bestreifunding.com and derek@bestreifunding.com.

Join their advanced strategies and networking conference at Cancun on February 2023 by going to Generations of Wealth.

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                  

 

Tweetable Quotes:

“Never lend money on something you would not want to own.” – Derek Dombeck

“Best investment, hands down, is a decent mastermind peer group of people that are going to help you get to that next level.” – Derek Dombeck

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