Inspire Wealth through Real Estate Investing w/Prof M (Mallory Meehan)

Mallory Meehan

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Inspire Wealth through Real Estate Investing w/Prof M (Mallory Meehan)

Are you looking to build and grow long-term wealth? Prof M (Mallory Meehan), a real estate professor, attorney, appraiser, investor, and business owner, takes you through several different options available to invest in real estate assets and how to get started with your first investment. Special appearances will include guests who specialize in different aspects of investing.

6 DAYS AGO

Inspire Wealth with Janci Templeman

Join Prof M in this episode with Janci Templeman as they delve into the dynamic world of real estate investing. Discover strategies that will help you build wealth through your real estate business. EPISODE HIGHLIGHTS: * Transitioning from the Fitness Industry to the Real Estate World: Janci left her success in her fitness career to learn and dive into real estate investing. * BRRRR Strategy: Buy, Renovate, Rent, Refinance, Repeat - this was Janci's strategy in her first-ever deal in 2011. * Flipping Strategy: Janci decided to switch to flipping as it would generate cash more quickly. * Mentorship and Education: Her real estate mentor helped her learn how to scale and manage her business more effectively. * Highs and Lows: Janci shares her experience in investing from having failed investments to getting a home run deal. * Integrity: She highlights how important reputation and integrity are in keeping and gaining investors. * Exploring International Markets: The U.S. markets may offer more favorable conditions for investors compared to the Canadian real estate industry. * Scaling Up and Delegating: Right delegation and organizational skills play big roles in scaling a business. * U.S.-Canada Real Estate Partnership: There are significant legal and logistical hurdles that must be addressed to make these cross-border partnerships work. * Analysis Paralysis: Analysis paralysis can hold people back. Janci emphasizes the importance of taking action and learning by doing, especially for new investors. * Partnerships and Networking: Building meaningful connections and having a strong network are integral to success. * The Real Flex: Time Freedom: For Janci, time freedom is the ultimate goal and is a bigger flex than making a million dollars a year. * Inspiring Other Women: Janci is passionate about encouraging other women to leap into real estate as this can be a powerful tool for creating financial and time freedom for their families. * "You just have to do it.": Janci's final piece of advice is to take that first step to start your journey. Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 YouTube: https://www.youtube.com/@MalloryInspiresWealth For collaborations: ruby@inspirewealthmgt.com

40 min
NOV 25

Inspire Wealth with Amber McCollum

In this episode, we are joined by Amber McCollum, a real estate investor, lender, and fund manager. Amber is a seasoned leader with expertise in grant management, federal compliance, and organizational improvement, having overseen over a billion dollars in funding. She leads Bell Capital's investor relations and is a co-general partner in a private credit fund. As a public speaker, she shares insights on mindset, growth, and scalability, making her a sought-after expert in finance and leadership. Tune in to discover effective capital-raising strategies and learn how valuable relationship-building is. EPISODE HIGHLIGHTS * Journey Into Real Estate: Amber started exploring real estate after realizing that there is a better future beyond a nine to five job. * Money Management: Amber's decision to specialize in capital raising and private money lending was greatly influenced by her background in managing federal grants. * Legal Considerations in Capital Raising: Understand securities laws. Know the legal frameworks for raising capital. * Methods to Raise Capital: 1. Private money lending 2. Joint venture agreements 3. Raising capital for others * How to Find Potential Investors 1. Networking: Talk about your business in casual settings and at events. 2. Diverse Events: Attend non-real estate events and conferences. 3. Leverage your existing network. * Building Lasting Relationships: Cultivate genuine relationships with investors. Trust and integrity attract and retain them. * Conservative Approach to Capital Raising and Fund Management: Prioritize fund security and investor protection. Ensure transparency to minimize risks. * Scaling a Business: 1. Capital Raising: The skill of raising capital is essential. 2. Branding and Consistency: Proven track record attracts more investors. 3. Correct Use of Social Media: Share your journey and your success stories to build credibility. 4. Investor Security: Be cautious and always prioritize the safety of funds. * Balance of Professionalism & Personalization: Tracking personal details and follow-ups on her phone fosters genuine connections and trust, driving business growth through referrals and authentic relationships. * Future Goals: 1. Create more funds for small businesses. 2. Raise capital for other types of investments. 3. Continue growing her brand and her network. 4. Get on more speaking engagements. 5. Help her business partner scale her real estate portfolio. * Mallory's Real Estate Masterclass: With a passion for real estate and education, Mallory offers masterclasses on short-term rentals and real estate fundamentals. * Advice for Starting a Fund and Raising Capital in Real Estate: 1. Educate yourself on the type of fund you want to create and its structure. 2. Be prepared and aware of the legal costs. 3. Take advantage of online resources before seeking legal assistance. Amber McCollum Instagram: https://www.instagram.com/ambermccollum/ Facebook: https://www.facebook.com/ambermccollum4 Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

29 min
NOV 18

Inspire Wealth with Scott Fong

Joining us in today's episode is Scott Fong, the founder of SIFF Investment Services, a fee-only real estate consulting firm. Tune in as he shares his advice in real estate investing, highlighting the importance of strategic planning and continuous learning in making decisions. EPISODE HIGHLIGHTS * Background and Professional Journey: Scott transitioned from a 20-year career as a financial planner to establish SIFF Investments in 2002. * SIFF Investments: A consulting firm aimed at helping older property owners boost income through strategic investments. * 1031 Exchanges: These exchanges enable property owners to defer taxes. * Favorite Asset Class: Scott prefers apartment buildings as they offer consistent demand and lower risk. * Regulatory Changes: Recent changes in regulations are affecting residential real estate, potentially leading to a shift towards fee-based consulting in the industry. * Market Opportunities in San Francisco: Scott highlights investment opportunities in multi-unit properties within expensive markets, where buyers can find bargains. * Accidental Landlord: Homeowners often become accidental landlords when their property's value rises significantly, prompting them to leverage that equity for retirement or downsizing. * Advice for Investors: Scott emphasizes the importance of learning from experience and collaborating with the right partners. He encourages homeowners to convert their primary residence equity into financial assets that can support retirement income. Scott Fong Scott offers 15 to 30-minute complimentary consultations for investors. Reach him through the following information: Website: https://www.siffinvestment.com/ Email: sfong@siffinvestment.com Phone: 415-601-1051 Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

22 min
NOV 11

Inspire Wealth with Joe Obrien

Tune in to this enlightening episode of the Inspire Wealth podcast, as we are joined today by the real estate expert, Joe O'Brien, who shares his inspiring journey to becoming a successful landlord and investor. Gain insights into the importance of market awareness and discover key investment strategies. Don't miss out on valuable advice that could help you navigate the world of real estate! EPISODE HIGHLIGHTS * Background and Diverse Real Estate Experience: Joe is a real estate investor, a landlord, and a mentor. * Real Estate Strategies Recommendation: 1. Traditional Rental Property with Conventional Financing 2. Seller Financing Deals * From Physical Therapy to Real Estate: The Rich Dad Poor Dad book which Joe read 14 times is what inspired him to pursue real estate investing as a side hustle while he was working as a physical therapist and a bartender. * Wholesaling: This strategy helped Joe close his first deal * Exploring Fix-and-Flips * Joe's Portfolio consists of single-family homes, fourplexes, and condos * Transitioning to Long-Term Rentals: His properties are Phoenix Metro area which is a strong rental market, thus, providing stability and cash flow. * Plans on His Rental Strategies: Joe is looking to explore short-term or midterm rentals to cater to the demand from traveling professionals. *Advice for Beginners: 1. Market Analysis: Evaluate the market and assess demand. 2. Choosing an Exit Strategy: Think strategically and determine the best approach based on the market you're in and your desired level of involvement. 3. System Implementation: Establish systems for rent collection, tenant communication, maintenance, and marketing. * Section 8 (Housing Choice Voucher Program): A federal initiative that provides rental assistance to low-income individuals helping them find safe and decent housing in the private rental market. * Important Topics Discussed About Section 8: 1. Understanding how the process works 2. Getting started as a landlord 3. Challenges and considerations 4. Benefits of Section 8 5. Tenant screening 6. Managing tenants effectively * First Section 8 Tenant: Joe shares a story of how he got his first Section 8 tenant who stayed in the property for 10 years. Joe O'Brien Website: https://www.realestatepronamedjoe.com/ Instagram: https://www.instagram.com/joe_the_realestate_pro Facebook: https://www.facebook.com/profile.php?id=100092439210861 Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

37 min
NOV 4

Inspire Wealth with Matt Wallace

This episode features another successful investor, Matt Wallace! Whether you're a seasoned investor or just starting out, Matt's journey is packed with valuable guidance to help you navigate the market with confidence. Don’t miss this opportunity to learn from his expertise and get inspired to kickstart your investment ventures today! EPISODE HIGHLIGHTS * Background and Transition: Matt Wallace transitioned from a finance career to real estate after seven years, joining a REIT focused on shopping centers during the financial crisis. * Retail Apocalypse: The retail sector has experienced significant challenges over the past 15 years, largely due to the rise of e-commerce, particularly from giants like Amazon. * Omnichannel Success: Retailers that successfully integrated online and offline strategies enhanced customer service and offered price matching to compete effectively. * Value-Focused Retailers: Brands thrived by providing a "treasure hunt" shopping experience without heavily investing in e-commerce. * Lessons from Failures: Businesses must adapt to changing consumer preferences to ensure sustainability and growth. * Market Recovery: Current retail fundamentals are reportedly stronger than they have been in two decades, with rising occupancy rates and decreasing bankruptcies. * Investment Strategies: Triple Net Leases and Community-Based Investments * Creative Leasing Structures: In transient markets consider innovative lease agreements, such as lower base rents with percentage rents during peak seasons, to ensure tenant stability. * Advice for New Investors: - Start with smaller, manageable investments. - Prioritize location over yield. - Gain a solid understanding of the market. - Use moderate leverage to mitigate risk. - Target reliable and stable tenants. Matt Wallace Website: https://www.matthews.com/ Mallory Meehan Website: www.inspirewealthmgt.com Spotify: podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: apple.co/3MYf8Me For collaborations: ruby@inspirewealthmgt.com

30 min
OCT 28

Inspire Wealth with Garrett and Ted Sutton

The Inspire Wealth podcast warmly welcomes our special guests, attorneys Garrett and Ted Sutton, who shared their expertise in asset protection and corporate law for entrepreneurs and real estate investors. Join us for this episode packed with practical tips that can help you secure your financial future! EPISODE HIGHLIGHTS * Garrett Sutton: A seasoned attorney and author focusing on asset protection and corporate law. * Ted Sutton: Concentrates on corporate law and the Corporate Transparency Act, impacting real estate investors. * Entity Recommendations: They advocate for Limited Liability Companies (LLCs) for small businesses due to their flexibility and asset protection benefits. * Asset Protection: Operating as a corporation or LLC helps safeguard personal assets from business liabilities. * Wyoming LLC: Recommended as a holding company for rental properties due to its affordability, anonymity, and reduced liability risks. * Living Trusts: Advocated for estate planning to avoid probate, facilitating smoother asset transfers to heirs while providing a step-up in basis for inherited properties. * Gifting Strategies: Strategies for gifting assets to children while minimizing tax implications, emphasizing the importance of proper legal structures. * 1031 Exchanges: A tax-deferral strategy that can help build wealth when executed correctly. * Setting Up an LLC for Rental Properties: 1. Ensure all legal documents are prepared. 2. Understand local transfer taxes. 3. Secure appropriate insurance. 4. Maintain a separate bank account for the LLC. * Considerations for Short-Term Rentals: 1. LLC for protection 2. Check local laws and regulations 3. Consider additional insurance as a backup 4. Frequent tenant turnover 5. Required management and attention * Advice for Young Investors: Start small, gain experience, seek mentorship, and recognize that success takes time. * Market and Political Uncertainties: Real estate investments can be influenced by national and local political climates. * Ted and Garrett share the most rewarding part of working together. * Download Ted Sutton's Book for Free: https://www.sunnstream.com/5-tricks-to-teach-your-kids-about-money * Start Your Own Corporation: Garrett Sutton's best-selling book that has the biggest impact on readers. * Free 15-minute consultation @ www.corporatedirect.com Ted and Garrett Sutton Website: https://corporatedirect.com/ YouTube: @CorporateDirectInc Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

57 min
OCT 21

Inspire Wealth with Matt Linville

Join us for an insightful conversation with our special guest, Matt Linville, the Vice President of Marketing for Investors Title Exchange Corporation. Explore a comprehensive understanding of 1031 exchanges, their benefits, and discover the key steps investors must take to navigate this complex process successfully. EPISODE HIGHLIGHTS * Matt's Background and Passion for 1031s * 1031 Exchange: A 1031 exchange allows investors to defer capital gains taxes by reinvesting profits from a property sale into a similar property. * Requirements for 1031 Exchanges: 1. Properties must be held for business or investment use. 2. An exchange agreement with a qualified intermediary must be established before closing on the sale of the original property. * Initial Steps: 1. Consult with a tax advisor. 2. Identify the type of property to purchase based on investment goals. 3. Work with a qualified intermediary to facilitate the exchange. * Safe Harbor Rules for Residential Investment Properties: 1. Own the property for at least 24 months. 2. Rent it for a minimum of 14 days per year at fair market value. 3. Limit personal use during the rental period. * Qualified Intermediaries: These independent parties hold funds and ensure compliance with IRS regulations during the transaction. * Timeline for Completing a 1031 Exchange: 1. 45-Day Identification Period: Investors have 45 days after closing to identify potential replacement properties, counting all calendar days. 2. 180-Day Exchange Period: Investors must close on one or more identified properties within 180 days or by their tax filing deadline, whichever is sooner. * Ownership Structures: 1. Same Taxpayer Rule: The entity that sells the property must also be the one that buys the new property. 2. Partnerships: Partnerships are not allowed; instead, buyers can purchase as tenants in common. * Advocacy for 1031 Exchanges: Matt emphasizes the economic benefits of these exchanges, highlighting their role in revitalizing communities and enhancing local tax bases. Matt Linville Phone: 984.484.8685 Email: mlinville@invtitle.com Website: https://invtitle.com/ Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

47 min
OCT 14

Inspire Wealth with Alisha Wilson

Today’s guest is not only a successful real estate investor and realtor but also a licensed attorney in Texas with a strong background in insurance law. We're excited to feature Alisha Wilson as she shares her inspiring journey and strategic approach to building a thriving real estate investment portfolio. Tune in to learn how her expert strategies have led to her success! EPISODE HIGHLIGHTS * Background and Early Influence: Alisha was inspired by her mother's belief in property ownership over renting, leading her to purchase her first home at 25 years old. * House-Hacking: She utilized house-hacking by renting out rooms in her home to cover mortgage costs. * Investing in New Construction - Maintenance Benefits: New construction homes require less immediate maintenance. - Cash Flow Dynamics: Initial cash flow from new constructions may be modest but properties appreciate over time and incur minimal upkeep costs. * Real Estate as a Tax Shelter: Real estate helps high earners reduce tax liability effectively. * Finding Tenants for Midterm Rentals - Use platforms for furnished rentals targeting traveling professionals. - Professional photos and staging help lease properties faster. - Unique amenities make properties more attractive to tenants. * Questions for New Investors - Home size and property type - Price range - Available cash Alisha Wilson Email: alisha.wilson.realtor@gmail.com Website: https://alishawilson.exprealty.com/ Mallory Meehan Website: https://www.inspirewealthmgt.com/ Spotify: https://podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: https://podcasts.apple.com/us/podcast/inspire-wealth-through-real-estate-investing-w-prof/id1760185297 For collaborations: ruby@inspirewealthmgt.com

41 min

Are you looking to build and grow long-term wealth? Prof M (Mallory Meehan), a real estate professor, attorney, appraiser, investor, and business owner, takes you through several different options available to invest in real estate assets and how to get started with your first investment. Special appearances will include guests who specialize in different aspects of investing.

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Mallory Meehan
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Inspire Wealth through Real Estate Investing w/Prof M (Mallory Meehan)