Freedom Investor Radio John Pearl

If you're a newbie to this landscape, consider this episode your basic roadmap, guiding you towards a successful and rewarding journey in real estate.

Key Points From This Episode:


Analysis Paralysis: Don't find yourself stuck in the endless cycle of analyzing properties without taking any definitive steps forward. While learning and studying the market are crucial, taking action is key to mastering the art of real estate investing.Setting Goals: Define your personal and family goals in relation to your real estate investment. If you aim to quit your job and rely solely on cash flow from properties, then you have a different risk tolerance compared to someone looking for a more conservative approach to build generational wealth.Risk Tolerance: Choose an asset class that aligns with your risk tolerance. Understand that some assets, like short-term rentals, can be more high-risk and subjected to market fluctuations and local regulations.Asset Classes & Education: After identifying your risk tolerance and goals, select an asset class to focus on. Spend time educating yourself on this chosen path. Remember, it’s easy to fall into the shiny object syndrome, so concentrate on becoming an expert in your chosen asset class.Market & Team Building: Once you've zeroed in on an asset class, choose the market you want to focus on. Conduct thorough research to ensure a good mix of jobs in the area for your potential tenants. Start building a solid team, including agents, brokers, property managers, and contractors.Property Search: Only once you've solidified the above points should you start looking for properties. There’s a method to the madness, and jumping into property hunting prematurely could be counterproductive.Passive Investing: If you're not yet comfortable with diving headfirst into active real estate investing, consider passive investing in larger asset classes like multifamily apartment buildings. This can be a great way to learn the ropes while still benefiting from owning real estate.Continued Learning & Persistence: Finally, remember that failures are inevitable. They are not the end of the world but stepping stones to success. Keep learning, adapt, and remain persistent in your efforts.

In this captivating episode, John is delighted to welcome Molly Rose Speed, an exceptional entrepreneur and the visionary founder of Virtual Assistant Academy. As the conversation unfolds, Molly generously shares her inspiring background, enlightening listeners about her remarkable journey as a virtual assistant.
Main Discussion:

The benefits of hiring a virtual assistant:
Molly explains the advantages of hiring a virtual assistant, such as time-saving, increased productivity, and cost-effectiveness.She highlights how virtual assistants can handle various tasks, allowing entrepreneurs to focus on core business activitiesCommon misconceptions about virtual assistants:
Molly addresses misconceptions people may have about virtual assistants, such as assuming they only perform administrative tasks or that they are not as reliable as in-house employees.She emphasizes that virtual assistants can handle a wide range of tasks and can become valuable long-term team members.The biggest mistake people make when hiring a virtual assistant:
Molly emphasizes the importance of dedicating time to properly onboard a virtual assistant.She advises scheduling dedicated time for training, building a personal relationship, establishing communication channels, and ensuring a smooth password handover process.Regular check-ins and feedback are also crucial for building a successful working relationship.Lessons learned on the entrepreneurship journey:
Molly shares her insights on the importance of learning to say no and not feeling obligated to accept every opportunity or project.She emphasizes the value of following intuition and making choices that align with personal goals and values.Advice for those looking to escape the 9-to-5 world:
Molly encourages individuals to create a career around their life, not the other way around.She highlights the various alternatives to traditional corporate jobs, such as becoming an executive virtual assistant, and emphasizes the freedom and flexibility these options can offer.Resources:
Molly Rose Speed's website: mollyrosespeed.comMolly Rose Speed on Instagram: @mollyrosespeedVirtual Assistant Academy: virtualassistantacademy.comVirtual Assistant Management for hiring: virtualassistantmanagement.com

Each week, on Freedom Investor Friday, John will share his experiences and lessons learned on his journey to leave the W2 world and achieve financial freedom.

How a preferred return works

Wall Street Journal article: A Housing Bust Comes for Thousands of Small-Time Investors

In this power-packed episode, we have an insightful conversation with Zach Haptonstall, the Co-Founder and CEO of Rise48 Equity, a highly successful Phoenix-based real estate investment firm. From his beginnings in broadcast journalism to his meteoric rise in the real estate sector, Zach unveils the turning points, struggles, and triumphs of his entrepreneurial journey.
Key Points:
Origins: Zach shares about his initial career in sports broadcasting and the life-altering decision to take a leap of faith into real estate . He reveals how his job in healthcare marketing became a stepping stone into the real estate business, enabling him to form important relationships with investors.The Transition: Diving into his transition, Zach walks us through the process of quitting his well-paying job and selling off his belongings to delve full-time into real estate investing. Hear about his trials and tribulations during the initial phases, including flipping houses, a challenging first multifamily property deal, and his eventual evolution into the multifamily syndication space.Rise48 Equity: Learn about Rise48 Equity, the investment firm Zach co-founded, and its phenomenal growth trajectory (Part 3). Despite starting from ground zero, the firm now oversees assets worth $1.4+ BILLION, reflecting Zach's remarkable leadership and investment acumen.Learning Curve: Zach delves into the learning curve he and his team experienced while growing Rise48 Equity. He discusses the importance of relying on your team, developing systems, and the power of adaptability in business.Investment Strategy: Zach provides an overview of their investment strategy, focusing on properties with value-add potential in specific Arizona markets. He emphasizes on the robust economic indicators of the chosen markets, and the rationale behind focusing on B and C class properties.Advice to Aspiring Investors: Zach shares his advice for those looking to escape their 9-to-5 jobs and plunge into full-time real estate investing. His insights range from understanding what kind of investor you want to be, setting up clear goals, devising a plan, and then, committing to the grind. He stresses the importance of self-discovery and aligning your real estate goals with your lifestyle.Join us in this enriching conversation to glean invaluable lessons from Zach Haptonstall's remarkable journey and discover strategies that could propel your own real estate investing career!
Contact Zach: Website - rise48equity.com Email - zach@rise48equity.com
Featured Guest: Zach Haptonstall, Co-Founder and CEO, Rise48 Equity

Each week, on Freedom Investor Friday, John will share his experiences and lessons learned on his journey to leave the W2 world and achieve financial freedom.

In this episode, John speaks with Caleb Johnson, founder of Red Sea Capital, a successful multi-family real estate investor who shares his origin story and journey to success at an early age. 
Throughout the episode, a range of topics are discussed, including:
Caleb's origin story and why he got into real estate investing.The importance of realizing that other people can do things better and more efficiently (the-who-not-how approach).Caleb's journey from residential real estate to managing multiple double-digit properties.The key differences between residential and commercial real estate investing.Highlights from Caleb's achievements.To learn more about Caleb and Red Sea Capital, check them out using the links below:
Red Sea Capital Group