266 episodes

Are you interested in Real Estate Investing, but don't know how or where to start? Are you a young professional or just starting to explore the possibility of investing in cash flowing real estate? The Real Estate Way to Wealth and Freedom podcast aims to help people just like you build wealth and achieve financial freedom through real estate investing, with a focus on investing in apartment buildings. With actionable content from weekly interviews with real estate investors, lenders, brokers, tax attorneys, and other real estate professionals, you'll have the education necessary to begin your real estate investing journey. Jacob Ayers is a young professional who started investing in real estate at the age of 25. As a real estate investor and entrepreneur, Jacob aspires to help you achieve financial freedom through real estate investing. If terms such as passive income, lifestyle engineering, wealth creation, and freedom resonate with you, then you're sure to get value from this podcast! If you want to live a life of fulfillment while doing the things you love, then this is the podcast for you!

The Real Estate Way to Wealth and Freedom Jacob Ayers

    • Investing

Are you interested in Real Estate Investing, but don't know how or where to start? Are you a young professional or just starting to explore the possibility of investing in cash flowing real estate? The Real Estate Way to Wealth and Freedom podcast aims to help people just like you build wealth and achieve financial freedom through real estate investing, with a focus on investing in apartment buildings. With actionable content from weekly interviews with real estate investors, lenders, brokers, tax attorneys, and other real estate professionals, you'll have the education necessary to begin your real estate investing journey. Jacob Ayers is a young professional who started investing in real estate at the age of 25. As a real estate investor and entrepreneur, Jacob aspires to help you achieve financial freedom through real estate investing. If terms such as passive income, lifestyle engineering, wealth creation, and freedom resonate with you, then you're sure to get value from this podcast! If you want to live a life of fulfillment while doing the things you love, then this is the podcast for you!

    Duplex to 600+ Apartments with Jason Pero

    Duplex to 600+ Apartments with Jason Pero

    Pero Real Estate (https://perorealestate.com/) was formed in 2001 by Jason and Nadia Pero when they purchased their first duplex. They now own and operate over 650 residential rental apartments in Erie/Northwest Pennsylvania. PRE’s primary focus is the acquisition and rehabilitation of distressed residential housing. We look to be part of the revitalization of downtown Erie by improving it’s overall housing stock one property at a time.


    Jason and Nadia make their home in Erie where they raise their 2 children. They are active members of the Apartment Association of Northwestern Pennsylvania. Jason has served on the Board of Directors since 2008.


    Key PointsStarting with a duplex and scaling to over 600 units


    Growing a portfolio without partners


    Personal development as the fuel for your growth


    The importance of building relationships


    Being the best in your market


    Lightning QuestionsWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?


    Money and age factor. Jason didn’t have any money. He took the first $3500 he earned and invested it in real estate.


    Do you have a personal habit that contributes to your success?


    Jason tries to exercise every day and read every day.


    Do you have an online resource that you find valuable?


    Real estate Facebook groups


    What book would you recommend to the listeners and why?


    The Compound Effect (https://amzn.to/2TIGTiI) – Darren Hardy


    Poor Charlie’s Almanac (https://amzn.to/2TIgEZz) – Charlie Munger


    If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?


    Enjoy the journey and create some balance.


    ResourcesVisit  Audible (http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55)  for a free trail and free audio book download!


    Pero Real Estate (https://perorealestate.com/)


    Jason Pero’s BiggerPockets profile (https://www.biggerpockets.com/users/jasonp15#0)


    Jason Pero’s Facebook profile (https://www.facebook.com/jason.pero.7)

    • 31 min
    Self Sufficiency – Friday Fundamentals

    Self Sufficiency – Friday Fundamentals

    Hi and welcome to The Real Estate Way to Wealth and Freedom podcast.


    I hope all is well on your end. There is so much going on in the world today. I want to acknowledge all the people around the world that have been impacted recently. There are times when things happen that are completely out of our control and we feel like we're at the mercy of our environment. Just know that this too shall pass.


    With the CDC recommending social distancing (https://www.cdc.gov/coronavirus/2019-ncov/downloads/community-mitigation-strategy.pdf) , I’m glad we're able to still connect virtually on the podcast today!


    If you're anything like me, you've been watching the news cycle lately and maybe even stressing yourself out with all the things going on. While I’m certainly paying attention, I have to turn my attention to more positive news and productive channels to keep my sanity (and be glad most of my investments are in more stable and still cash-flowing real estate!). Here are some books and podcasts I’ve been reading/listening to lately that help offset all the negative news. 


    1.    The Wealthy Gardner (https://www.amazon.com/gp/product/0593189744/ref=as_li_ss_tl?pf_rd_r=1CVY3P0WS2EV3R48JV2A&pf_rd_p=ab873d20-a0ca-439b-ac45-cd78f07a84d8&linkCode=sl1&tag=jacob0ee-20&linkId=6d5a0f5e744bdb27590bc7dca0089965&language=en_US) by John Soforic. I recently interviewed John on Episode 294 of The Real Estate Way to Wealth and Freedom podcast.


    2.    Episode 284 (https://www.getricheducation.com/episode/284-coronavirus-and-your-money/) of my favorite podcast, Get Rich Education, where the host and my good friend, Keith Weinhold, discusses COVID-19 and how it impacts real estate investing. 


    3.    MindValley (https://www.mindvalley.com/) community and content. 


     Two things I'm thankful for are my ambition and my habit of looking for opportunities in things. There are opportunities everywhere you look. The eye just has to be open to them. Often these opportunities will not reach out and grab to you. They’ll come as subtle hints. Continue to be open to new ideas and look for opportunities,


     “In the middle of difficulty lies opportunity.” - Albert EinsteinThere have been a few exciting things on my end. As you know, I’ve been investing in real estate for about 5 years now and have been scaling up through multifamily properties in emerging markets with strong economic and demographic growth. You can learn more about what I’m doing, including markets I’m currently investing it, and asset classes I’m pursuing at the newly revamped website - AyersAcquisitions.com (http://jacobayers.com/ayers-acquisitions/) . 


     This week’s Friday Fundamental is Social Security and Self Sufficiency


    Social security, broadly defined (by me), is a program or institution that provides social benefits to its people. In the U.S. we’re lucky to have a strong social security system. Our social security system provides support to people in the form of financial assistance, healthcare, disability support, and more. Providing this support to those who need it helps our society, by ensuring that basic needs are available to everyone. From there, we’re on our own to strive for more.


    Self-sufficiency describes someone who is completely dependent on one’s self for basic needs and prosperity. From a homesteader in the remote Alaskan wilderness to a successful business owner or established real estate investor, self-sufficiency comes in many shapes and sizes.


    Being that wealth and freedom are the two pillars of this show, self-sufficiency is where we strive to be. Self-sufficiency, to me, means relying on myself to create my own success and outcomes. It means that it’s my responsibility to determine how I want to live my life, then set goals to achieve those things. It means that my financial success, economic status, and eve

    • 12 min
    Principles from a Wealthy Gardner with John Soforic

    Principles from a Wealthy Gardner with John Soforic

    John is an entrepreneur, real estate investor, and author of (https://amzn.to/2J2pDx0) , a book for his son to distill his own wisdom on money and success. The premise of the book is that even average people have the power to get what they want in life IF they use their full powers. It became a best-seller, was translated into foreign languages, was ranked #45 on Audible. 


    KEY POINTS


    The timeless success principles of The Wealthy Gardener


    You gain your freedom in your free hours


    Opportunity costs - what you sacrifice by not sacrificing


    Why it’s dangerous to be in a comfortable situation


    The power of purpose


    Choosing your own money beliefs


    Fear Mindset versus a success mindset


     LIGHTNING QUESTIONS


    1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?


    Getting money.


    2. Do you have a personal habit that contributes to your success?


    Focusing on wealth and purpose


    3. Do you have an online resource that you find valuable?


    Darren Daily (https://darrenhardy.com/darrendaily/)


    4. What book would you recommend to the listeners and why?


    Think and Grow Rich (https://www.amazon.com/Think-Grow-Rich-ebook/dp/B001NGN2D2) book by Napoleon hill


    The Strangest Secret (https://www.nightingale.com/articles/the-strangest-secret/) by Earl Nightingale


     5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?


    Do not worry so much along the way & have financial instability before starting winning the game.


    RESOURCES


    Visit Audible (http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55) for a free trial and free audiobook download!


      The Wealth Gardner website (http://wealthygardener.com/)


    The Wealthy Gardener (https://amzn.to/2J2pDx0) book by John Sofofric


    The Millionaire Next Door (https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474) book by Thomas J. Stanly & William D. Banko

    • 54 min
    Wealth and Freedom – Friday Fundamentals

    Wealth and Freedom – Friday Fundamentals

    Hi and welcome to the real estate way to wealth and freedom podcast. I'm your host Jacob Ayers this is episode 293. You're listening to Friday fundamentals.


    Today I’ve got some exciting news to announce.


    The Real Estate Way to Wealth and Freedom is approaching the 3-year mark with nearly 300 episodes. With so many great guests, like Keith Weinhold, Joe Fairless, Rod Khleif, Matt Faircloth, Michelle Bosch, Scott Trench, Christian Montalvo, Brian Burke, just to name a few, this podcast has reached thousands of people including you. I want to thank you for choosing to spend your valuable time listening to the show every week. But more importantly than thanking you, I want to congratulate you on choosing to improve your life, educate yourself, and continue to engineer the lifestyle you want. You have likely made so much progress in the past few years, and have drastically shaped the course of your future. For that, you should be proud.


    The purpose of this podcast has been and is to bring as much value to you as possible. With that, I’m excited to announce this week’s episode is brought to you by www.AyersAcquisitions.com (http://www.ayersacquisitions.com/) .


    Here in mid-March 2020, we’re almost a quarter of the way through the year and I hope that the year is shaping up well for you. By now you have a good feel for what is going right, where you have over-delivered, and where you have under-delivered. You can now start to make changes to both your goals and actions based on your results so far. Maybe in let’s say February, you slipped up on some of those new year goals, but that doesn't mean it's too late for you to right the ship. We’re only a few months into the year with more than 9 months left. You still have plenty of time to course-correct where you need to.


    That leads us to this week's Friday fundamental. This week's Friday fundamental is wealth and freedom. Yes, wealth and freedom - the two underpinning philosophes of this podcast. So let's jump right into what these two terms mean. And this is just my opinion so take that for what it is. Let’s talk about these two terms, what they are and how they relate to you.


    Let's start with wealth. To me, wealth means that you have a net worth backed by assets that are durable over the course of time. With enough wealth, you can have what's called generational wealth meaning your wealth will outlast you and be passed on to generations after you. Now this obviously sounds very appealing, but there's a catch. There are many people with a lot of monetary wealth, but that monetary wealth isn't very valuable if you don't have the freedom to use it as you wish.


    Freedom, on the other side of the coin, is the ability to do what you want, when you want, where you want, and with who you want. Wealth can certainly be a factor in your freedom. However, wealth alone will not give you freedom. Freedom requires the right mindset, good health, and time.


    Let’s look at some ways you can achieve both wealth and freedom.


    Invest in yourself. The great news here is you are already doing this right this very second by listening to this podcast. By investing first in yourself, you are investing in your most valuable asset – your mind. There is no better investment than this.


    Invest in durable assets over the long term. Obviously real estate is a great asset class for building wealth, as proven throughout history.


    Following Pareto’s Principle or the 80/20 rule, 80 percent of your results come from only 20% of your actions. If you can focus your efforts there and double down, you will see exponential growth in your life.


    Make money follow you. This is one of my favorite principles shared by guest Keith Weinhold. Don’t follow money, but rather make money follow you. What this means is find a way to earn money wherever you are, rather than chasing a job to trade

    • 9 min
    Mobile Home Park Investing with Jefferson Lilly

    Mobile Home Park Investing with Jefferson Lilly

    Jefferson is a self-made millionaire, mobile home park investment (MHP) expert, educator, and industry consultant. Park Street Partners (http://parkstreetpartners.com/) owns 17 MHPs coast-to-coast totaling over $32mm in value. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital acquiring and operating mobile home parks. Before becoming an investor full-time, Jefferson spent nine years in sales leadership roles with several venture-backed startups in Silicon Valley.


    He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Jefferson started and hosts the Mobile Home Park Investors Podcast (https://podcasts.apple.com/us/podcast/mobile-home-park-investors/id1069263193) . He also founded the Mobile Home Park Investors group on LinkedIn – the world’s largest professional networking group focussed on MHPs (3,500+ members).


    Key PointsWhy mobile home parks serve an important purpose in our country


    How to manage properties nationwide using the latest technology


    Supply and demand imbalances


    The MHP business model


    Value add opportunities in MHPs


    Fun FactsMobile homes have a VIN number, just as a boat, car, or trailer would


    10% of the U.S. lives in mobile homes


    Lightning QuestionsWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?


    Jefferson was distracted by his job, personal life, etc. He’s now completely focused and disciplined in his search for mobile home parks.


    Do you have a personal habit that contributes to your success?


    Jefferson has made an effort to hire people to help him out in his business. His goal is to make himself irrelevant to his business.


    Do you have an online resource that you find valuable?


    Bestplaces.net (https://www.bestplaces.net/)


    What book would you recommend to the listeners and why?


    The Snowball: Warren Buffett and the Business of Life  (https://amzn.to/2IQhBcO) by Alice Schroeder


    If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?


    Do the same things, but sooner.


    ResourcesVisit  Audible (http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55)  for a free trial and free audiobook download!


    Park Street Partners (http://parkstreetpartners.com/)


    Rent Manager (https://www.rentmanager.com/) – Property management software


    Bestplaces.net (https://www.bestplaces.net/)


     

    • 46 min
    Finding Deals – Friday Fundamentals

    Finding Deals – Friday Fundamentals

    Your Highest And Best Use Of TimeWhether you are building a real estate empire or buying a couple of rental properties, you are essentially running a business. For most people starting out, you are the CEO, janitor, and everything in between. You’re responsible for acquisitions, underwriting, property management, financing, bookkeeping, hiring contractors, and what seems like a hundred other things. Eventually, for some, you start to build a team and outsource these things, like hiring a real estate CPA, property manager, bookkeeper, etc.


    I’m sure you’ve heard the phrase “time is money” before. Yes, this is true. Your time is valuable. The question is, just how valuable? If you are constantly in the weeds of your business, mowing the lawns of your rental properties, chasing down tenants late rent, etc., then you aren’t using your time to it’s highest and best use.


    As the CEO to your real estate business, your job essentially comes down to two things: finding deals and raising money. It’s that simple. Everything else is a distraction. Unless you are the best carpenter around, or the best plumber, etc. then you shouldn’t be spending your time doing those tasks. And even if you are the best carpenter in your market, ask yourself if are you trying to build a plumbing business or a real estate business. It’s important to work on your business, and not in your business. If you are working in your business, that is a job.


    Finding deals and raising money can be a bit like the chicken and the egg. Which comes first?


    Finding Great DealsThe name of the game in real estate is finding great deals. You’ve heard that if you have a great deal, the money will follow. Especially as value-add investors, finding distressed properties or owners is a great way to find deals. Distressed deals can mean a few things. The owner can be in distress, either personally or financially, the property can be in distress or a combination of both.


    Financial Distress describes the owner more so than the property. People go through hardships from time to time, losing their jobs, relocating, or a number of other hardships. As a real estate investor, you have the knowledge and capability to help people out in certain situations. This is much different than taking advantage of someone. The key difference in helping out a financially distressed homeowner or investor versus taking advantage of someone is both parties benefit when you help. Let’s look at some ways you can search out people in financial distress.


    Foreclosures


    Pre-foreclosure


    Foreclosure Auctions


    Bank Owned


    Tax Foreclosures


    Evictions


    Bankruptcy


    Life happens. Sometimes that’s good, and other times it’s not so good. People fall into personal distress for many different reasons. Family, work, moving, divorce, and even death are reasons people might face personal distress.


    Absentee owners


    Divorce


    Probate


    When seeking out deals you are looking for distressed properties just as much as distressed sellers. Distressed properties can provide opportunities for you to add value to the property and do a number of different things with – like flipping, BRRRR, wholesale, etc. Typically a distressed property is in poor condition. You can look at a property like this and usually tell that it is run down, vacant, or just not being maintained as it should. If you aren’t in the area to be able to drive the neighborhood (drive for dollars), then you can also search online for city or country code violations.


    Code violations


    Vacant/run down properties


    Driving for dollars


    These are just a few of the many criteria that you could look for when searching for distressed properties and owners. Two great resources I’ve found helpful in searching for public records and data are:


    Listsource.com (https://www.listsource.com/)


    Foreclosure.com (https://www.f

    • 12 min

Customer Reviews

USMC3140 ,

Love this podcast

Jacob Ayers is a great real estate investor, and podcast host. He and I were on the same BiggerPockets podcast episode (show 281) and have each appeared as a guest on the other persons podcast. He is a great host, and not only does he produce awesome content...but he producest a lot of it!

Bugzx44576 ,

Outstanding Podcast

Absolutely enjoy Jacob’s podcast! The content always offers a new perspective on investing and I learn something I didn’t know previously. Love the Friday fundamentals as well! This podcast is a must for anyone with a passion for real estate investing. Thank you for all of the great information you continue to share with your listeners, Jacob!

BikingDane ,

Great information

I like Jacob’s podcasts, especially episode 192 with Neal Bawa, and his data driven approach. Jacob always share great actionable information on his podcasts. Keep up the great work.

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