318: The Highest Cash-Flowing Investment Known
Play • 36 min

In this recession, people still ask me how housing prices and demand are surging. I explain.

Then, I discuss the highest cash-flowing hands-off investment I’ve ever heard of. Learn more here.

Subscribe to our Don’t Quit Your Daydream Letter here

Cash use is increasing, not declining. In fact, the CEOs of PayPal and Venmo even say that cash will be in use for decades.

An individual investor like you can own a lot of 6 ATMs.

ATMs are profitable because some users pay a $2-$3 surcharge to access a $20 bill.

$2,184 is your monthly cash flow. The operator has never missed a monthly payment nor their pro forma projection. ~19% ROI plus tax benefits like bonus depreciation.

In the pandemic, some ATM locations have fared worse, like airports; some better, like a Walgreens. Many people want to withdraw & store money in the pandemic.

If you’re an accredited investor, learn more about ATM investing and contact the provider through: www.GetRichEducation.com/ATM

Resources mentioned:

For ATM Report & Provider Contact:

www.GetRichEducation.com/ATM

Show Notes:

www.GetRichEducation.com/318

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

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Keith’s personal Instagram:

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The Brian Buffini Show
The Brian Buffini Show
Brian Buffini
Matthew McConaughey – an Interview on His New Book, “Greenlights” #261
“Somewhere down the line in life, in the rearview mirror, all yellows and reds I believe do eventually turn green - or at least reveal a greenlight asset in our life.” – Matthew McConaughey Often, the setbacks that stop us or slow us down in life actually help us to ultimately succeed. In this episode, Brian interviews actor Matthew McConaughey about his memoir, “Greenlights.” Matthew explains how, through all of the successes, failures, joys and sorrows he has experienced, he has found happiness and meaning in his life. He also describes how, by learning to effectively deal with life’s challenges, you can always keep moving forward and enjoy a state of success he calls “catching greenlights.” READ FULL EPISODE TRANSCRIPT YOU WILL LEARN: * How “The Greatest Salesman in the World” powerfully impacted him. * How his father’s death refocused his priorities. * Why he “unbranded” himself to move away from rom-coms to more dramatic roles. MENTIONED IN THIS EPISODE: “Greenlights,” by Matthew McConaughey Greenlights “The Greatest Salesman in the World,” by Og Mandino “Emerson's Essays,” by Ralph Waldo Emerson “Self-Reliance,” by Ralph Waldo Emerson “Raising Arizona,” movie INSPIRATIONAL QUOTES FROM THIS EPISODE: “When faced with the inevitable, get relative.” – Matthew McConaughey “Be less impressed with things; be more involved.” – Matthew McConaughey “We all know that, to succeed, we need to do good, hard work. But is it the right kind of hard work?” – Matthew McConaughey “When you go and you endure something and you're kind of taking a penance, with each day you kind of build a little bit more honor and strength.” – Matthew McConaughey “I've never had any trouble turning the page in the book of my life.” – Coach Darrell Royal “We are the author of our own book.” – Matthew McConaughey “The way to find the greenlights is by persistence, or pivot or … sometimes knowing when to wave the white flag.” – Matthew McConaughey
40 min
BiggerPockets Business Podcast
BiggerPockets Business Podcast
BiggerPockets
91: How Businesses Get Sold for Millions with Chris Younger
If you’re a new entrepreneur, it may seem like a dream to sell a business for millions of dollars. People like Chris Younger, make that dream a reality. Chris founded Class VI Partners, an investment bank that helps entrepreneurs plan and prepare businesses for sale. Chris will be the first to admit that selling isn’t an easy process, it takes time, patience, and a lot of documentation. Chris compares selling your business to running a marathon: you need to be in it for the long haul to finish strong. He helps owners reach a price point that works for their future, and helps create the processes around selling that enable a new owner to carry the business to new heights. For many owners, success in selling comes from doing the hard work upfront, not putting it off for your future self (and employees) to deal with. So why would an entrepreneur want to sell? Maybe it's personal timing and they feel like they’ve given the business as much as they possibly can. It also could be business timing, the business may be seeking a new change in direction. Or it could be buying timing, a buyer comes in with the right offer, the right ability, and makes the sale. Whatever a reason for selling a business, a business owner needs to be prepared for their business to sell at some point. So even if you’re just starting out, hearing words of wisdom from Chris may net you a few more million dollars! Check the full show notes here: http://biggerpockets.com/bizshow91
55 min
Sales Gravy: Jeb Blount
Sales Gravy: Jeb Blount
Jeb Blount
Coronavirus Talk #9: On Mental and Physical Resilience
Coronavirus is Testing Mental Resilience The Coronavirus third wave is putting a strain on the mental resilience of sales professionals and impacting performance. From New Possibilities to Managing Mental Resilience   The last time I came to you with the coronavirus talk was back in July. Back then we were talking about new possibilities— about how going through a crucible of adversity helps you lift the chains of limitations off of yourself so that you can see that anything is possible if you make the choice to persevere.  I come to you now in January, during the third wave of the coronavirus, because I’m noticing a big problem. Salespeople are beginning to wear out. In some cases, it's depression and loneliness. In other cases, it's waiting and hoping for this to all be over and constantly having your hopes dashed.  All of this stress and anxiety combine to put you in a situation where you just don't feel very good about life. In sales, if you don't feel good about life, it's going to be really, really hard to feel good about selling.  Mental and Physical Drain The net result is that many people just feel mentally and physically drained. In sales, you need a great deal of mental resilience because you often face so much rejection. The job is hard. And now, you have to work twice as hard to accomplish your sales goals.  In this environment, you need a great deal of intellectual acuity in order to outwit your competitors. Mental acuity requires a great deal of physical stamina. Likewise, mental resilience is directly impacted by physical resilience.  If you're allowing those days when you just feel depressed to take you down with them, then it's going to be a lot harder to to to gain the physical stamina that you need.  A Challenge to Focus on You So my challenge to you on this Coronavirus Talk is to go look in the mirror: Are you taking care of yourself? Drinking too much? Eating too much or the wrong things? Getting enough exercise? Are you doing things to your body that make it harder for you to recover mentally?  If the answer is yes, resolve to make changes. Reach deep down inside of yourself and find the discipline. Before I made these changes, I didn't feel good, didn't really look good, and I wasn't performing at my very best. Flip forward a couple of months, with a real focus and discipline on taking care of my physical health, and I'm in a much better place. I've got so much more energy and feel much more equipped to handle the disappointments, stress, and anxiety that come along with this horrible pandemic.  Take Action So take action now. Start eating right, getting enough sleep, and exercising. Do this and I promise you that you will not only get through this, but you'll also put yourself in a position to win on the other side.  I want to hear from you. What are you doing to keep yourself mentally and physically fit during this pandemic? Send me a text message at 1-706-397-4599 or just CLICK HERE TO TEXT. More Coronavirus Talk Episodes: Prospecting Coronavirus Talk #1 Excuses Coronavirus Talk #2 The Gift of Time Coronavirus Talk #3 Confusion Coronavirus Talk #4 Fear and Worry Coronavirus Talk #5 On Mourning Coronavirus Talk #6 Gratitude Coronavirus Talk #7 On New Possibilities #8
7 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#149 - Under Contract How a New Investor Found Tied Up His First Deal
Episode #149 - A new investor named Scott Palmer just got his first rental property under contract! This is his 3rd coaching call with Chad where you get to look over Coach's shoulders and listen to their discussion about how Scott found, analyzed, and put this deal under contract. You'll also learn some of Scott's concerns about the next steps with due diligence, financing, and closing and Chad's feedback to help him. Free Webinar with Coach "My 5-Step Process to Confidently Close on Investment Properties" - http://coachcarson.com/webinar Show notes: https://www.coachcarson.com/ep149-under-contract/ 🏘️REAL ESTATE IN YOUR RETIREMENT ACCOUNT? This is a strategy I've used successfully for years, but you've got to make sure you have a custodian that specializes in this type of investment. I personally use and highly recommend my friends at American IRA. You can watch a short video, get an information guide, or set-up a free consultation at https://coachcarson.com/americanIRA __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
42 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Simple and Effective Organizational Tips For Real Estate Investors
In this short episode, Tom and Michael share their file organization strategies to ensure pain-free access to all the documents you might need as an investor. --- Transcript Tom: Greetings, and welcome to The Remote Real Estate Investor. Join with me today is, Michael: Michael Albaum. Tom: On this episode, we're going to be talking about the folder structure we use to organize documents. So a very pragmatic and practical weekend wisdom. All right, let's do it. As I mentioned, this is a more practical episode of weakened wisdom. And this content is brought to you by Roofstock Academy. This is directly out of some of the coaching session conversations that we have some of the templates that we have, we're organizing documents. So this is a great kind of sneak peek behind the veil of some of the content and type of coaching stuff that we do within Roofstock Academy. Excellent. So whenever I buy a new property, this is the folder structure that I like to use within each property, a folder for tracking or having ready on hand the purchase and sale agreement, the tax bills that come in any marketing collateral, like photos that was perhaps collected during the inspection that I can have on hand to share with my local property manager from the transaction, a copy of the lease and historical leases, the closing statement, the insurance documents, as well as the loan documents and the property management agreement. So a bit of a mouthful. So Michael, any thoughts or other comments on here? Michael: Yeah, totally. So I think that's a really great way to organize things. So what I do, and I just pulled up my one of my folders, and I'll kind of give everybody listening, a walkthrough of what that looks like. So because I purchased mostly inside of LLCs. And I'll often form a new LLC for property purchases, I'll have all of the LLC documents. So first off, on my desktop, I have something called real estate. And then inside of real estate, I have all the LLC folders. And then within the LLC folder, I have the formation docs for that LLC. So the operating agreement, the articles of incorporation, Articles of Organization, all that all the formation documents, then I'll have property specific information that I can drill down to in property folders inside of the LLC folder. And so like you, I have the closing statement, all of the marketing materials for that particular property, all the due diligence materials for that particular property, and I'll call that property docks. And then I break mine down into, I have additional folders where I'll have that year, and then insurance and that year and taxes. Because those things aren't static, they're not constantly evolving, but on an on between year to year there, they can be changing. And so I know that if I have to go pull my most recent property insurance Doc, I'll go to 2020 property insurance. And then I can also track it from 2020 2021 to 2022 and see what's been changing and can kind of compare and contrast those quotes. And then also have folders. I have one right now that I'm working on a refinance. And so I have a refinance folder. So all of the things that I need to refinance that property are going into that folder. So bank statements, income statements, tax returns, all that kind of stuff goes there. And then if it doesn't work out with this particular lender, if I go to refinance with another one, I've got most of the stuff I need there, I'll just have to update bank statements and brokerage account statements, all that kind of stuff. So that's kind of how I have mine broken down. And then I'll put things in multiple places. I was just joking with my wife the other day, I'm a bit of a hoarder. I'll admit that Tom: Digital hoarder Michael: Physical and digital hoarder, yeah, by all means. Tom: So you need some Marie Kondo in your life, does it bring you joy? Michael: Well, we just spent like, all weekend, this past weekend, getting rid of stuff. And that was a pretty liberating feeling. So I've tried to do that digitally as well. But so I'll put things in multiple places. Because I know if I can't find it, I can just go to a couple different folders and find it. So like, I have another folder that I titled taxes. And again, I'll put the year so for my 2020 taxes, I had a folder where all of the things I knew were going to be part of my tax return or needed for my tax return, I'll put there like property tax statements like insurance documents that show how much premium was paid. And so all kind of double dip and put things in a number of different places for myself. But I think that was a really long and drawn out explanation. Tom: No it was great. Michael: I have those same documents on hand that you do the leases and the invoices for that property, essentially, any document associated with that property will be at least in that property folder, and it might be in a subfolder in and of its own. Tom: Yeah, you know, and if you don't want to get you have like a million different folders. Another way to organize this just to make sure that you have all the documents because sometimes it could be kind of silly having a folder with just one document in it is to have a spreadsheet and then a checklist verifying that those documents are in sort of the the single folder. So a couple of other documents that we left out that we could include is that you have a warranty a home warranty, you are going to want that easily accessible for, you know, hopefully you don't need it. But if you do need it, other ones is major work that was performed perhaps an invoice that's going to be helpful come tax time. And you know if perhaps something, let's say you have work done on a water heater, and then a month later, there's some issue with the water heater, right? So that that kind of gives you some ammunition of going back to the company that did the work saying like, Hey, I just paid for this. Why am I you know, why is it not working? So having that stuff it pays it pays to not be a digital hoarder, but be digitally organized. Being a digital hoarder just makes it take longer. Michael: Yes, it really does. It really does. And something that I've done I know I've talked about in other episodes is I've got a master Excel spreadsheet with every property that I own inside of every LLC. So I'll have the LLC name at the top, and then the properties in that LLC. And just all of the expenses that I pay personally, are logged in that sheet. And so I've got a record of them on the property Doc, if somebody needs to see that I've got a record for myself to know that I have to give this to my CPA at the end of the year. And then I also have a record showing kind of globally, what that picture looks like, how much did I if somebody said, Hey, Michael, how much you spend on insurance in 2020, I could spend about three minutes and tell you just totaling up from all the different LLCs how much I spent. So that level of organization is helpful for me, I find that to be really useful. Not everybody will and everybody can, I would encourage everyone to develop their own system, because not everybody learns the same, not everybody works the same. So figure out what works for you. Maybe that's QuickBooks, maybe that's paper documents, you know, a filing system that works for you. So play around with some different stuff. But I would definitely say develop really good habits at the onset, when you've got one or two or three properties because those systems are going to be you're going to rely on them a lot more as soon as you start to scale. Because it does become a little bit more cumbersome if you haven't developed something from the onset. Tom: And a lot of these templates is a great benefit in Roofstock Academy, and that we have a lot of these kind of pre baked templates for, for this type of stuff, the spreadsheets and, and all of that great stuff. Go ahead Pierre, you were saying… Pierre: The photographe…
10 min
The Wealth Without Wall Street Podcast
The Wealth Without Wall Street Podcast
By Russ Morgan CFP® & Joey Muré
Round Table | Dave Ramsey Says Infinite Banking is a Scam Part 2
What does Dave Ramsey think about IBC? And why does it matter? Information dramatically influences one’s choices. If you’re looking for ways to create financial freedom and learn more about the Infinite Banking Concept (IBC), you’re in for a fiery episode. In Dave Ramsey’s 9-minute video https://www.youtube.com/watch?v=5MVUN0yGF80 (Why Infinite Banking is a SCAM!), he calls the IBC a Ponzi scheme and “whole life done horribly.” This is Part 2, where the IBC coaches break down Dave’s video contents and debunk the misrepresentations and half-truths in it. Russ and Joey will also go over https://www.daveramsey.com/dave-ramsey-7-baby-steps (Dave’s 7 Baby Steps) and discuss how it may or may not be the right way to go. As you’re trying to learn about the Infinite Banking Concept (IBC) to determine right versus wrong, get answers to your questions from the people who have been practicing IBC for many years. You need objective truth, and that’s what you will get from this episode. Stay tuned and learn the proper path to take control of your finances to create your desired future. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here:https://wwws.link/inner-circle-sign-up ( https://wwws.link/inner-circle-sign-up)
37 min
Self Storage Income
Self Storage Income
AJ Osborne
2020 Year End Storage Industry Review and What We Expect for 2021 with John Lindsey
Welcome back everybody to the Self Storage Income podcast, I’m your host AJ Osborne. As we all know, this past 2020 year was a little crazy to say the least. Socially, politically, economically… it was the perfect storm. But it wasn’t all doom and gloom and that certainly wasn’t the case for the storage industry. I’m super excited about today’s episode because we have the one and only John Lindsey on the podcast to share his incredible insights into what storage did in 2020 and what storage is expecting to see in 2021. Who is John Lindsey? John is a great friend of mine who has some of the most extensive storage experience of anyone I know. John came from an ownership and development side of storage. John’s father built and owned and operated storage facilities, and as any great dad would, put John to work helping to build these incredible assets. Ultimately John decided that he wasn’t super excited about pouring concrete and building the storage facilities. However, he really enjoyed the storage industry, the potential there was to help others in the space, and the incredible business opportunities there were in owning and operating a storage business. That said, John launched his own brokerage company called the Lindsey Self Storage Group in 2012. From development, to the brokerage side and financing, to owning and operating, John has done it all, and he’s done it all over the world. It’d be an understatement to say that John is an amazing source for self storage industry insights. Which again, is why I’m so excited to have him on the podcast again today. We’re going to dive into 2020, what happened, how storage performed, what we saw and what we see happening in storage for 2021. We talk about the billions of dollars being poured into the industry from some of the largest investors and private equity companies in the world. We talk trends that we’re seeing, the incredible financing and buying opportunities there are right now, and more. All said and done, storage has the recipe for success now and for years to come. But if you plan on getting in, you better do it soon. Absolutely get those note books out, listen to this episode multiple times if you have to, do what ever you need to soak up everything in this episode. Thanks for listening everybody,AJ Get in touch with John at Lindsey Self Storage Group website at: https://lindseyselfstoragegroup.com/ Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility. You can also find the Self Storage Income Podcast on: * iTunes * Spotify * Stitcher The Self Storage Income Podcast is Sponsored by: Janus International - https://www.janusintl.com/ Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page Live Oak Bank - liveoakbank.com/incomepodcast
39 min
The ONE Thing with Geoff Woods
The ONE Thing with Geoff Woods
Produktive
How Shared Values Multiply Your Impact
No one succeeds alone. In fact, our ideas and impact can multiply when we collaborate with the right people, at the right time, on the right ONE Thing. Last week, we shared about a new ONE Thing tool to help people discover their core values and live their purpose—the Core Values Deck. We’re going to dive into the story of how the idea for that deck became a collaboration in order to reach more people and make a bigger impact. Opportunities are everywhere, and with every new opportunity, you have to choose: do you say yes or no? And when you’re a leader, this choice affects everyone within your organization. But when everyone understands each others’ core values, you’ll be able to align your decision making with what matters most and multiply your efforts. When you understand someone’s core values, it can be a compass to predicting how successful you will be together and the scale of the impact you can have. If you want to learn more about the Core Values Deck, visit the1thing.com/corevalues. In this episode, you will learn... * [05:08] How two different ideas come together to form a collaboration * [11:40] How your values lead to your purpose * [16:24] Being honest about your values * [23:10] Finding out how to add more of your value into your life Links & Tools From This Episode * the1thing.com/corevalues -- Do you run a small business? Small business owners wear a lot of hats. Some of those hats feel incredible to wear. However, filing taxes and running payroll... well, for most of us, they don’t feel great and they’re not our ONE thing. That’s where Gusto comes in to help you make payroll, taxes, and HR easy. So ask yourself, it time to take off some of your hats? You can get three FREE months when you run your first payroll at Gusto.com/ONE. -- Setting new health and fitness goals this year? FitTrack can give you in-depth insights on your fitness progress to help you reach your goals faster. FitTrack is all about measuring health, not just weight. Get personalize insights and a clearer picture of your overall health by honing in on your body type that gives you information that will help you achieve the results you want. Stop measuring weight, and start measuring health. Take 15% off your order plus an additional 10% off at fittrack.com/ONE.
28 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 249: Increase Your NOI Through Cell Tower Investing – With Hugh Odom
The most successful real estate investors find creative ways to increase their NOI either by adding amenities for residents or reducing expenses. But there is a new opportunity for property owners that you may not be aware of. What if you could earn more money by leasing out a portion of your building for a 5G cell phone tower? Hugh Odom is the Founder and President of Vertical Consultants, a telecom consulting firm that has advised major corporations such as Walmart, McDonald’s and Disney, as well as government institutions like the Department of Veterans Affairs, the New York Housing Authority and the United States Postal Service. Hugh served as an attorney for AT&T for 11-plus years, and today, he leverages his expertise in the telecom industry to help real estate investors earn additional income through cell tower leases. On this episode of Apartment Building Investing, Hugh joins cohost Garrett Lynch and I to explain why the cell tower industry is like oil 100 years ago, discussing what is driving the need for more cell towers and how lucrative a cell tower lease can be for investors. Hugh shares the do’s and don’ts of negotiating a cell tower lease, describing how it differs from a real estate transaction and what Hugh’s team does to help property owners with the process. Listen in to understand why cell tower investing is a safe bet for the long term and learn how YOU can take advantage of the opportunity to be a cell tower landlord! Key Takeaways Why the cell tower industry is like oil 100 years ago * Long-term agreements to lease land from property owners * Cell companies reach out if property in right location What is driving the need for more cell towers * 5G technology requires additional infrastructure * Densification makes service faster, more instantaneous * From 400K to 1.5M cell sites by 2025 The do’s and don’ts of negotiating a cell tower lease * Don’t treat as real estate transaction (e.g.: market rate) * Do determine value provider will get from space How lucrative a cell tower lease agreement can be for investors * Typically increases value of property by $1M * Renegotiate contract as provider’s revenue from site goes up How Vertical Consultants helps property owners * Level playing field (understand value you’re offering) * Source leases for large commercial property owners How to take advantage of this opportunity in cell towers * Buy properties with existing towers or rights to cell towers * Bring experts in to renegotiate lease How 5G towers differ visually from traditional cell towers * Traditional tower = 150 feet tall, up to 5K ft2 * Traditional rooftop antenna up to 500 ft2 * 5G tower = 50 ft2 with small antenna box The opportunity to become an operator of cell towers * Pay property owners in dead spots for right to lease * Buy for long-term cashflow or flip Why cell tower investing is a safe bet for the long term * Similar to highway system (infrastructure, not technology) * Change out equipment as tech improves Who Hugh serves through Vertical Consultants * Property owners with existing agreements * Owners who’ve been approached by cell company * Hotels, self-storage and shopping center developers Connect with Hugh Odom Vertical Consultants Resources Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program American Tower Crown Castle SBA Communications Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
41 min
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