Passive Wealth Strategy Show - Real Estate for Busy Pros Taylor The Investor

Chris Long, the founder of Long Yards, shares his unique approach to self-storage investing. Long Yards focuses on providing storage solutions for businesses, particularly those with heavy equipment. Chris discusses how he determines demand for this type of storage, the stickiness of the business model, finding opportunities through new development or existing facilities, underwriting and expenses, lease agreements and tenant management, dealing with non-paying tenants, financing options, and balancing work and family life. He also emphasizes the importance of mindset and personal growth in building a successful business.
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How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?
 
Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.
 
[00:00 - 03:45] How did DJ Bander’s entrepreneur journey start?
Saving and investing in real estate
Balancing the time between real estate, marketing, and music
The importance of having a diverse skill set to monetize
 
[03:46 - 14:00] Strategies for Building a Real Estate Portfolio
The advantages of being a minority investor in larger properties
The significance of hiring the right property managers and vendors
Adapting investment strategies to fit available opportunities and capital
 
[14:01 - 18:36] Navigating 1031 Exchanges and Market Challenges
The complexities and benefits of 1031 exchanges
Deciding when to sell and pay taxes versus utilizing a 1031 exchange
The impact of the cannabis industry on industrial real estate in Los Angeles
 
[18:37 - 28:11] Using Real Estate to Pursue Your Passions
Using real estate income to buy time for starting other businesses or pursuing creative endeavors.
The importance of living below your means and saving for future investments.
DJ Bander’s advice for aspiring investors and entrepreneurs.
 
 
Quotes:
"You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else." - DJ Bander
 
"Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more." - DJ Bander
 
 
Connect with DJ Bander: 
Instagram: https://www.instagram.com/djbander/
Website: https://banderproductions.com/
 
 
Apply to Invest with Taylor at www.investwithtaylor.com
Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com
Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can you build a successful land investing business that allows you to take vacations and step away from the day-to-day operations?
 
In episode 716, host Taylor Loht interviews Dan Haberkost, a young land investor who has built a business that enables him to do deals from a distance and take extended vacations. Dan shares his journey, starting at the age of 21, and discusses his approach to land investing. He explains how he focuses on interesting land deals in the Southeast, building teams and systems that allow him to step away from the business. Throughout the conversation, Dan shares valuable insights into his business model, his thoughts on the current market, and the importance of building a business with the right people and processes in place.
 
[00:00 - 06:45] Misconception about Land Investing
How the land investing market works.
Subdivisions with existing infrastructure VS. Raw Land.
Using local experts to help assess deals in different markets.
 
[06:46 - 18:22] Identifying the Right Seller and Building Rapport to Close Deals
Identifying your seller: who is it and what are their motivations?
Building legitimacy and differentiating oneself from other investors is crucial for getting deals.
Understanding short-term deals and long-term ones. 
 
[18:23 - 25:33] Building a Business with Systems and Teams
Learning the process yourself before hiring others is essential.
Creating standard operating procedures (SOPs) and finding reliable title companies and realtors are key to success.
Hiring the right people and improving the system. 
 
[25:34 - 31:35] The Entrepreneur's Journey and Future Plans
Building a network and working with referrals has been effective in finding good team members.
There's no specific moment of "making it," and the focus should be on continual growth and pursuing enjoyable aspects of the business.
Prioritizing people, planting long-term seeds, and maintaining perspective are essential for long-term success.
 
Quotes:
"Good people and good systems is the key, as with any business." - Dan Haberkost
 
"Business should never be the first priority. People should. Don't forget to plant the long-term seeds amongst all the short-term profits." - Dan Haberkost
 
Connect with Dan Haberkost: 
Website: https://danhaberkost.com/
Podcast: Big Picture Blueprint 
 
Apply to Invest with Taylor at www.investwithtaylor.com
Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com
Please leave a review and help others escape Wall Street and build wealth on Main Street!

Taylor discusses the importance of eliminating distractions and staying focused on our goals. He shares his personal experience with implementing a system to eliminate digital distractions and the challenges he faced. Taylor emphasizes the need to restart and recommit to the elimination of distractions to maintain focus. He also highlights the negative impact of engaging with content that focuses on the problems in the world and encourages listeners to focus on the positive and the things they can control. Taylor concludes by encouraging listeners to build a system that eliminates negative influences from their information diet and prioritize what is important in their lives.

How can you use your unique strengths to succeed in real estate investing, despite starting with limited funds?
 
In episode 714, host Taylor Loht sits down with Stephanie Cabral to talk about her journey from being an underemployed attorney to building a $3 million real estate portfolio as an accidental investor. Stephanie shares how she used the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build her portfolio, focusing on value-added improvements and creative financing techniques. She also shares her tips for managing properties remotely and the importance of building systems and teams to achieve time and location freedom. Stephanie's story is proof of the power of resourcefulness, determination, and seizing opportunities when they arise.
 
 
[00:00 - 06:05] From Underemployed Attorney to Real Estate Entrepreneur
How Stephanie's journey began.
Using a 203k loan for her first deal, gaining construction experience with minimal risk.
The potential for appreciation and cash flow in real estate investing.
 
[06:06 - 13:38] Mastering the BRRRR Strategy
Focus on value-add improvements to maximize appreciation.
Techniques for cost-effective upgrades.
Exploring creative financing options, such as hard money lending, private money, and tax credits.
 
[13:39 - 22:20] Building Systems and Teams for Time and Location Freedom
The importance of creating checklists and standard operating procedures.
Outsourcing tasks.
Distributing the team to improve operations. 
 
[22:21 - 29:37] Advice for Aspiring Investors
Focusing on competitive advantages.
Building relationships with potential partners.
The benefits of self-managing properties for better tenant quality and cash flow, as well as the option of passive investing through syndications.
 
Quotes:
 
"The more nos you get, the closer you are to a yes." - Stephanie Cabral
 
"What are your competitive advantages, and how can you take advantage of that?" - Stephanie Cabral
 
"If you start a business that depends entirely on you, you didn't buy a business, you bought a job." - Stephanie Cabral, referencing Michael Gerber's "The E-Myth"
 
Connect with Stephanie Cabral: 
Website: https://www.theleanlandlord.com/
Instagram: https://www.instagram.com/leanlandlord/
 
Apply to Invest with Taylor at www.investwithtaylor.com
Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com
Please leave a review and help others escape Wall Street and build wealth on Main Street!

In this episode, we speak with David Kamara, a long-time real estate investor, about his experience and knowledge of the market. They discuss the importance of patience in real estate investing and how to remain patient as the market changes. David emphasizes the need for a well-thought-out business plan and the importance of executing it operationally. They also talk about the challenges of real estate investing and the importance of focus in order to achieve success. David shares his insights on scaling a real estate portfolio and the role of property management in managing operations. He recommends the book 'The Millionaire Real Estate Investor' and shares his inspiration from the movie 'The Banker'. Finally, David advises his younger self to never sell anything in real estate.
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