Big Law Capitalist
Big Law Capitalist
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As an attorney, building passive income to achieve financial freedom doesn’t have to be as difficult as you might think. Consider this your official invitation to join Jeremy Tomes, host of the Big Law Capitalist Podcast, weekly to find out how to make your money work for you by passively investing in alternative investments such as commercial real estate. Allow him to show you how to gain passive income streams by debunking common investing myths, introducing you to investing experts and real estate investing strategies, and showing you not only what to do, but HOW to do it.
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Nov 16, 2022
E16: From a House Hack to $150 Million by Transforming Lives Through Real Estate w/ DeRosa Group CEO & BiggerPockets Contributor Matt Faircloth
We have DeRosa Group CEO & BiggerPockets Contributor Matt Faircloth on the show! Real estate is a powerful vehicle for transformation. It can provide stability and security that a family needs to get ahead, and it also creates opportunities for entrepreneurs to build wealth. When we invest in real estate, we’re not just helping ourselves—we’re helping to make neighborhoods better places to live.
That is the mission statement that defines this episode. In this episode, Matt Faircloth shares his journey and tips on how to transform lives through real estate.
Here are some power takeaways from today’s conversation:
* Scale smartly.
* Work hard to get your brand out.
* Always be ready to pivot.
* Be patient and creative when investing.
* Adopt a positive mindset.
Episode Highlights:
[08:46] How to Scale Smartly
Investing a large amount of money is a behemoth to manage. You have to work your way into it. Start small and do deals with your own money. Double your portfolio every time you do a deal.
[20:37] Investing with DeRosa
Some reminders for people who want to invest with the DeRosa Group include a.) Be patient. It takes time to build cash flow. b.) They invest in specific markets so you have to be okay with their markets because they have assets and operations in place already. c.) Believe in transforming lives through real estate.
[24:20] The Current Real Estate Market
The real estate market is slowly but surely coming back to a level of reasonability. But it does not change overnight. You must be patient and creative. Look at other asset classes besides housing. Find deals that make cash flow on the first day.
[32:26] Create a Positive Mindset
Your thoughts and words create your life. So try to think and speak optimistically. Things work out when you think and speak positively about things. Focus on what you want and fight for what you believe in.
Notable Quotes:
[10:36] “Put your ego down and just double your portfolio every time you do a deal.”
[29:27] “Find deals that make cash flow day one.”
[32:39] “My thoughts and words create my life.”
Resources Mentioned:
_BiggerPockets_
_Raising Private Capital: Build Your Real Estate Empire Using Other People's Money__ _by Matt Faircloth
_Rich Dad Poor Dad_ by Robert Kiyosaki
_Conversations with God_ by Neale Donald Walsch
Reach out to Jeremy on _LinkedIn_ and _Instagram_
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Nov 9, 2022
E15: Making BIG Cash Flow with Short-Term Rentals as a Big Law Attorney with Graham Singer
Finding your niche as a real estate investor is important to pave success, and the short-term rental space is a lucrative space to consider if you know how to do it! Once you learn how it works, you will see how much capacity it has to bring in BIG amounts of cash flow. The question is, how do you begin?
In this podcast episode, Graham Singer, the co-founder and co-CEO of real estate investment firm Blue Pine Advisors, joins us to talk about his journey investing in the short-term rental business. He tackles the importance of understanding the market to find the niche that works for you, finding the right people to do the investment with, and finally, overcoming the fear of taking big risks to deliver bigger returns.
Here are some power takeaways from today’s conversation:
* Find your niche and monitor the market.
* Find people to work with you instead of going it alone.
* Look for ideal locations to fit your niche.
* Budget for high-quality property management.
* Expand your network.
Episode Highlights:
[09:04] Lessons from the First Property
Go for an easy and low-risk property for your first investment. The first property is always a lesson to learn from - how to purchase, renovate, manage, refinance, and repeat. Over time, you’ll learn how to achieve bigger results.
[20:06] Finding Your Niche
It’s not all about just buying the first property you set your eyes on and turning that into a business. You need to find your niche by understanding how the market works. Graham decided his niche would be in luxury short-term rentals that can house a large group of people. He understood the high demand and low competition in that space. He also focused on purchasing properties in luxury locations and renovating them with luxury amenities, staying true to his chosen niche.
[28:42] Find the Right People to Do Business With
There are benefits to purchasing an Airbnb individually, but there are far greater advantages when not investing alone. Funding and management become much easier. Aside from partner investors, you’ll also want to connect with property managers, maintenance groups, etc. Expand your list of buyers and your business network.
Notable Quotes:
[20:53] “The whole logic with our investment strategy is there are far fewer luxury short-term rentals than there are studios.”
[29:52] “If you do go out in Airbnbs, you have to climb the algorithms. So your first few months aren’t going to be your best months.”
[31:48] “I would encourage people not to go out and do it yourself. Invest with you, invest with me, and let us do it because there are a lot of nuances.”
[41:01] “If you see something that’s probably too high to believe, it probably is.”
Links to Resources:
Connect with Jeremy: _LinkedIn_
Big Law Capitalist: _Instagram_ | _Apple_
Connect with Graham: _LinkedIn_
Blue Pine Advisors: _Website_ | _LinkedIn_
Funds: Private Equity, Hedge, and All Core Structures by Matthew Hudson, available on _Amazon_
AirDNA: Short-Term Rental Data Analytics: _Website_
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Nov 2, 2022
E14: Disrupting a $226 Billion Industry with PropTech Innovations with Tech CEO Paul Wakim
The differentiator between good investors and great investors is the ability to spot opportunity in places others may not be looking. This applies in traditional real estate and in the PropTech space.
There are no easy answers, but if you’re willing to work hard and think outside the box, you can reach extraordinary levels of success.
In this episode, Paul Wakim joins us to talk about how he entered into real estate investing and ultimately co-founded TwnSqr, a PropTech company. He discusses his entrepreneurial journey from starting a successful real estate photography company to developing a tech start-up that is disrupting the $226bn real estate sales and brokerage industry.
Here are some power takeaways from today’s conversation:
* Don’t be afraid to act on opportunities when they present themselves.
* Adopt a problem-solving mentality.
* Expand your real estate network.
* The goal should be obtaining freedom of choice.
Episode Highlights:
[06:30] Why People Sell
Real estate would not exist if people did not want to sell their homes. So Paul learned how to code and built an algorithm to interpret the reasons people want to sell and how to find motivated sellers.
[09:15] Defining “Wholetailing”
Retail real estate is the traditional act of buying and selling real estate. Wholesale real estate is selling the contract to purchase before you purchase it. Wholetailing involves finding motivated sellers, purchasing the property, and then selling it to a buyer for a profit immediately after purchasing it.
[17:05] Exploring the Benefits of TwnSqr
TwnSqr is a marketplace for real estate investors and sellers to buy and sell properties themselves. They also have tools to support investors.
One of the defining tools of TwnSqr is that real estate investors can bring a property to the platform as well as their buyers list. Users are also able to share assets with each other. That allows investors to make connections and collaborate. TwnSqr is aiming to own the off-market inventory space in PropTech.
[26:09] What Drives Paul
He simply wants to have freedom of choice - to do exactly what he wants to do whenever he wants to do it. And the only way to get there and achieve that pure freedom is through hard work. He is now working remotely and can travel freely.
Notable Quotes:
[8:01] “There is no such thing as real estate if somebody doesn’t want to sell their house.”
[21:23] “The guys that transact in high volume that keep their buyers continuously happy, they’re the ones that are getting the most value from the platform.”
[27:29] “I want to be able to do exactly what I want to do whenever I want to do it. And the only thing that I’ve known to get me there is just brutally hard, hard work.”
Resources Mentioned:
_BiggerPockets_
_TwnSqr_
Paul Wakim: _LinkedIn_
Reach out to Jeremy on _LinkedIn_ and _Instagram_
Connect with Paul on _LinkedIn_.
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Oct 26, 2022
E13: How to Level-Up from One Duplex to Apartment Buildings Using Syndications with Jonathan Tonks
Apartment syndications are one way to substantially diversify your real estate portfolio and access the immense benefits that commercial real estate ownership can provide. It allows you to hold different assets in your portfolio without having to be on-site or hyper-familiar with the particular location of the investment. However, most people still do not understand how it works.
In this episode, Jonathan Tonks joins us on a deep-dive into the syndication model — its benefits and how it helped him aid more people from a financial standpoint.
Here are some power takeaways from today’s conversation:
* Geographic diversification is important in building a strong asset portfolio.
* Relationship building is critical for scaling.
* Stay involved with your partners throughout the entire syndication process.
* Operate with a service mentality.
Episode Highlights:
[11:11] Jonathan’s Investing Strategy
His early mentality was to look at 20 to 50 assets available in his local market. However, his mentors taught him to aim for better growth markets and opportunities. This means buying higher price points and diversifying geographically.
[13:28] Defining Syndication
Syndication is an incredible way to gain substantial wealth and exposure to real estate. Simply said, syndication is partnering with individuals to purchase and acquire an asset that is not necessarily real estate.
[17:25] Why You Need to Diversify
If all your assets are centered in one city, you will be capped by the limits of that city. This is why it’s important to have assets in different areas. And this is where the syndication model comes in handy.
[19:22] Two Types of Partners
The syndication model has an active partnership team and a passive partnership team. The active group or the general partners (GPs) consists of everyone who is part of the acquisition. The passive group or limited partners (LPs) consists of the people who are contributing equity capital to help close the properties.
[26:21] Jonathan’s Underlying Mindset in Syndication
Jonathan believes in the service mentality. He wants to introduce syndication to people because he knows it can change both lives from a wealth perspective. It is less of the money aspect and more of building a relationship with his partners in the long term.
Notable Quotes:
[8:32] “Get your money working at a good number and continue to do that because over time that's going to build wealth. That's how you obtain that substantial number.”
[8:54] “If it’s getting you in a better position than you otherwise would have been in, that’s a good house hack. That’s a good investment.”
[31:09] “That's how I sort of approach everything every day: service abundance. And from there, we can all win. Right? There's no zero-sum game.”
Resources Mentioned:
_Rich Dad, Poor Dad by Robert Kiyosaki_
_The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges_
_Provision Space_
_jtonks@provisionspace.com_
Reach out to Jeremy on _LinkedIn_ and _Instagram_
Connect with Jonathan on _LinkedIn_ and @provisionspace
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Oct 19, 2022
E12: How to Achieve Greatness and Become Legendary by Embracing Your Losses with World Champion Joe Kovacs
Embracing and enjoying the process is critical to achieving greatness, which applies in your everyday life and in real estate. Your circumstances will never be perfect, so you must learn to enjoy the discomfort in your pursuit of self-improvement and, ultimately, in your pursuit of greatness.
Joe Kovacs, American Shot Put World Champion and Olympic Medalist, joins us in this episode. He shares his “pursuit of greatness” mentality that helps him power through challenges in order to constantly improve himself, both in his sport and in investing. He relates this way of thinking with how he approaches real estate investing.
Here are some power takeaways from today’s conversation:
* Embracing delayed gratification is critical to achieve a massive payoff.
* Don’t expect things to be perfect, so become comfortable with being uncomfortable and adapting.
* Be ready to put in the work and grind if you want to achieve greatness in your life.
* Investing now in passive income that will benefit you later provides you with freedom of choice.
* Understand and appreciate the importance of calculating the principal paydown when looking at the benefit of real estate investing.
Episode Highlights:
[11:49] The Importance Of Seeing The World
Joe and Ashley’s careers take them around the world. He believes going to different places will benefit his kids because it will help widen their perspectives.
[14:09] Measuring your success against yourself
Joe loves how the shot put has a definite measurement of success. For example, you could have two not-so-good teams playing basketball and still get a winner. In the shot put, you put yourself up against a constant, all-time measurement.
[26:00] Embrace The Grind, Work, And Discomfort
Joe emphasizes the need to embrace the discomfort in trying to improve yourself,as well as when dealing with real estate investing. Expecting everything to be perfect will get you nowhere. Instead, you must put in the work and trust the process. Familiarize yourself with the growth opportunities that discomfort can bring you.
[38:29] The Exciting Part About Real Estate
Nobody ever really computes the principal paydown for real estate. People just focus on investment returns or how much a house could sell for. Joe thinks this is one of the best parts of real estate. He can have other people pay his bills for him and generate net worth and value for his family.
Notable Quotes:
[09:24] “I feel like there's gonna be all these little moments along the way that just kind of take your breath away and put things in perspective.” — Joe
[15:52] “Kind of what I've learned from my sport is I'm constantly putting myself to a test.” — Joe
[17:42] “If I didn't have all those losses to get to this point, I wouldn't have had the current win.” — Joe
[26:55] “You have to be willing to get to that grind to get to the adaptation because just expecting to be better - that's a false game.” — Joe
Resources Mentioned:
Reach out to Joe: _Website_ | _Instagram_ | _Twitter_
Reach out to Jeremy: _Instagram_ | _LinkedIn_
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Oct 12, 2022
E11: Becoming Unstoppable and Maximizing Your Life’s Potential With Josh Nadzam
Experiencing both poverty and wealth in one lifetime provides a broad perspective on life. It allows you to see the importance of showing up, taking advantage of opportunities, understanding the value of building wealth, and moving through life with a true sense of appreciation. It also shows you the power that empathy can have on you and others.
Josh Nadzam, a professor at the University of Kentucky, former D-1 collegiate athlete, and founder and Board President of On the Move Art Studio, joins us on this episode. He shares his incredible journey from poverty and hopelessness to achieving extraordinary success, and the mindset that was required to make it happen.
Here are some power takeaways from today’s conversation:
* The power of having a positive role model can be pivotal.
* Success requires extraordinary perseverance.
* Showing up can make all the difference.
* Investing even a small amount can go a long way.
Episode Highlights:
[06:14] Josh’s Early Years
Josh had a rough childhood and grew up in a neighborhood riddled with crime, violence, and drugs. His first eighteen years involved poverty and an unstable family situation, more so due to his father. He did well in school but got kicked out of class and got into fights. His basketball coach was one of the first positive male influences in his life.
[14:05] Why Showing Up Is Crucial
So many people show up every day working tirelessly, even without the assurance of results. Think of those trying to develop a cancer cure. Josh finds this inspirational. That’s why he wants to show up every day and grow old knowing he gave his all.
[24:06] The Importance of Investments
Growing up wasn’t easy for Josh, partly because of his family’s finances. With Jeremy’s help, he began making low-risk investments. He invested when he had a little extra cash and saw it grow. That highlights how big of a help passive income is.
[28:05] Empathy is Critical to Achieve Success
Josh believes being poor takes much more work than most people realize, especially after experiencing it firsthand. He also saw it with how his mom had to work herself to the bone when he was younger just to make ends meet. Not only that, Josh calls on everyone not to judge those in poverty.
Notable Quotes:
[04:25] “I wanted to be the helping hand as much as I could to help people in similar situations like mine.” — Josh
[09:31] “If you plot my trajectory, that was one of the points where, suddenly, things started to go up because it was really one of the first positive male influences I had to kind of stabilize me.” — Josh
[14:14] “I don't know how to solve racism and homelessness and poverty, but I want to try my best to contribute to those solutions.” — Josh
[14:30] “There are so many people who show up every day trying to find the cure for cancer, and they have no idea if we actually will in their lifetime, but they keep showing up and they keep testing things…[I]f they are showing up for that, we all have to show up” — Josh
Resources Mentioned:
On the Move Art Studio: Website | Facebook | Instagram
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
Reach out to Josh: Website | Facebook | Linkedin
Reach out to Jeremy: Instagram | Linkedin
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Oct 5, 2022
E10: What’s Your Why?: Podcast Special Announcement
What is your "why"? What is the one reason you get up in the morning and do the things you do? Our "why” is defined by our values and beliefs. In a way, it defines who you are. It's what drives you every day to keep going and is what gives you direction amidst the chaos life brings. That's why, in the end, your motivation is only as powerful as your "why."
In this quick episode, your host, Jeremy Tomes, shares a piece of big family news and a special announcement! He also thanks you, all the listeners, for the continued support and gives some updates on the upcoming episodes.
Here are some power takeaways from today’s conversation:
* Know your “why.”
* Reflect on what motivates you.
* Tune in for some amazing news on guest lineups for the upcoming episodes!
Episode Highlights:
[00:15] Special Announcement
Jeremy and his wife are delivering their third child this week! He wants to make sure he's 100% present for his wife during this journey.
[00:42] What’s Coming Up
The podcast will be back next week with a great lineup of new topics and guests. There's a lot more to come that will help give you the tools to continue your path toward financial freedom and building a passive income empire!
[01:29] What’s Your “Why”?
Your motivation is only as powerful as your “why”. What’s your “why”? For Jeremy, it’s family. Your “why” is defined by your values and beliefs.
Notable Quotes:
[00:51] “Our focus has always been making sure that you have what you need—tool belt—you have the tools in your tool belt to continue your path towards financial freedom, building passive income, sort of breaking the golden handcuffs.”
[01:30] “Your motivation is only as powerful as your ‘why.’”
[1:48] “I want to know your “why” because that is going to drive whether or not this thing works out—you're always motivated as your ‘why.’”
Resources Mentioned:
Reach out to Jeremy on _LinkedIn_ and _Instagram_
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Sep 28, 2022
E09: Adding Six-Figure Value to Ugly Properties by Mastering Real Estate Comps
What’s the best way to add significant value to single-family properties?
Some people might say that remodeling is the answer, but in reality, it’s all about the comparables. As a value investor, you need to be well-versed in comparing your property to others in your area and finding creative ways to add specific value to supercharge your returns. But it can be tough to determine what a property could be worth, and lacking that knowledge can mean you are leaving $$$ on the table.
In a competitive market, it can be tough to find high upside value-add properties. But if you know how to compare property comps, you will be one step ahead of the game and in a much better position to spot hidden value. In this episode, Matt Graves shares his tips and strategies when it comes to “running” comps and finding value in single family investing!
Here are some power takeaways from today’s conversation:
* Find comps in the same area.
* Assess price and quality of comps.
* Determine the value in the ugliest properties.
* Talk to realtors and property managers.
Episode Highlights:
[04:33] Doing Market Comparables
Comps are sold houses in the same general area of the property you are looking at. When doing comps, stick to the same neighborhood and go off the same square footage of your property. Check the MLS to view new sales and comps. Ideally, you should look for comps that are within three to six months.
[10:51] Seeing Value in a Property
They purchased a 1300-square foot property. Their stager lived right next door to the property and they got information about the renovations and quality of their house. Thus, they knew what to do with the property they had bought. There is no better comp than the house right next to your property.
[17:03] Assessing Rental Comps
Use platforms to find out the price, area, and similar properties for rental comps, such as:
* Rentometer
* Zillow
* Craigslist
* Facebook Market
* MLS
Finishes come down to what kind of appliances and furniture you have in the property. For rentals, focus more on kitchens and bathrooms. Putting stainless steel could give you an edge. But do not overdo it and spend only what you need.
[24:04] Connecting to the Right People
If this is your first rental or flip, talk to a realtor to learn. Property managers are a good source as well, as they deal with properties on a daily basis.
Notable Quotes:
[3:29] “You can’t really figure out if it’s a good deal or not if you don’t know what the property is going to be worth after you’ve done your business plan.”
[10:22] “It’s all about seeing value in places that other people might not or other investors might not.”
[15:36] “You have to sort of see opportunity when it presents itself to you. And a lot of times, that opportunity is not the same opportunity that other investors are seeing.”
[23:09] “In some cases, there are fantastic comps. You have to sort of get really creative with the value of these properties and what you think they will be.”
Resources Mentioned:
Rentometer
Reach out to Jeremy on _LinkedIn_ and _Instagram_
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Sep 21, 2022
E08: Becoming the Bank and Earning Substantial Passive Income as a Private Lender
If you have cash or assets just sitting on the sidelines not working hard for you, you need to consider private lending as a strategy. As a private lender, you can leverage your assets, be it cash, property, or relationships, to invest and grow your passive income and wealth. You can finally make the interest rates work for you by earning above-average interest rates without lifting a finger. With private lending, you become the bank.
In this episode, I dive into the strategy of private lending, share my own experience as a borrower and how you can earn secure, profitable, and passive income as a private lender, and touch on some of the things you’ll need to watch out for when thinking about private lending.
Here are some power takeaways from today’s conversation:
* Be the bank as a private lender.
* Receive above-average returns on your passive income.
* Protect your investment with collateral.
* Leverage your untapped assets to create multiple options you can use to invest.
* Leverage your relationships.
Episode Highlights:
[05:24] What is a Private Lender
A private lender is a person who lends money to qualified real estate operators for an above-average rate of return. Make the rules and be the bank when you lend your money. This completely passive income can be structured to be tax-advantaged.
[09:09] Private Lending as Passive Income
Jeremy shares the story of how one of his friends put his assets to good use with private lending. His friend took out a home equity line of credit (HELOC) and used what he borrowed to grow his wealth and passive income. He was able to pay the debt service payments with cash earned from his private loan and reinvest the excess cash flow from his investment.
[14:20] The Advantages of Private Lending
Private lending can be a great strategy to add to your portfolio. Enjoy its rewards without having to lift a finger. Be smart and savvy about how you invest your money. Here are a few reasons why it’s a great opportunity for you: 1) Completely passive income; 2) Above average returns, 3) Secure your investment with collateral; 4) Price your risk by earning higher rates of return on riskier investments; 5) Short-term investment; and 6) Structure it the way you want.
[20:02] Private Lending Options For Anyone
With private lending, you can put your money to work. However, it’s not just for those with tons of cash. Leverage your assets and invest them at a higher interest rate. From properties to a Self-Directed IRA, you have a lot of options to invest with a private lending strategy.
[25:02] What to Look Out For
If you want to put your money to work with private lending, make sure you have proper legal documentation. Talk to your attorney and keep your investment protected with a security instrument and promissory note. Work with a qualified real estate operator who knows what they’re doing and is good at what they do.
Notable Quotes:
[5:53] “You’re the banker and what’s cool about it is you make the rules.”
[14:24] “The reason it’s such a cool strategy is obviously the passive nature of it. But there’s also another component. The security of it.”
[20:25] “You’re burning money at this point. Inflation is tearing that money apart. Put that to work.”
[28:42] “If you want to add substantial passive income, you have to start thinking about these sort of options.”
Resources Mentioned:
_NuHomes Capital Management_
Reach out to Jeremy at LinkedIn & Instagram
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Sep 14, 2022
E07: Buying 1000+ Units by Taking Massive Action with an Abundance Mindset
The best way to predict the future is to create it. And that’s exactly what successful real estate investors do. Sitting around and waiting for things to happen will only get you so far—or nowhere at all. You have to be proactive and put in the work if you want to see results. By shifting your mindset and growing, you would be well on your way toward living the life you want.
In this episode, Tyler shares his journey from corporate to real estate. He talks about how you could shift your mindset and harness the power of learning and growth to create a successful life and business.
If you want to learn how to thrive in real estate and life, tune in to this episode!
Here are some power takeaways from today’s conversation:
* Take action.
* Get clear on your intentions.
* Invest in learning and growth.
* Ask powerful questions.
* Find what inspires you.
Episode Highlights:
[09:25] Entering Real Estate
Upon entering real estate, he began reading up, hiring coaches, and making connections. Most people are not taught about growing their assets and passive income. Real estate is a smart way to grow wealth.
[13:27] Taking Action
Don’t tolerate your circumstances. Moving from hope to action can cause discomfort. But discontent can be a gift as it leads to progress. When Tyler switched to real estate, it was an uphill climb premised upon action—such as building relationships, learning, and growing.
[18:51] Clarify Your Intentions
Be clear about your intentions. When you have clear intentions, you attract what you want. Real estate could be a vehicle toward designing the life you want to live. Use your mind to create greater outcomes. Invest in your learning and growth.
[25:48] How CF Capital Started
CF Capital was built in January 2020. Currently, they have over 1000 units. Their goal is to add 4000 more units. They believe that the more they grow, the more they can make an impact. They seek to elevate the lives of investors and provide access to opportunities for others.
[29:42] Asking Powerful Questions
Most people have doubts and fears about investing. Ask yourself:
* How can you afford that?
* How can you get into that business?
* How can you take a step in that direction?
Asking yourself powerful questions allows powerful opportunities to answer them. Enumerate the top 3 things that could inspire you. We all have infinite intelligence—tapping into it through our subconscious is powerful.
Notable Quotes:
[07:53] “Ultimately, everything happens for us. It is a blessing if you look for it especially.”
[22:22] “The business itself, this real estate business, can be a vehicle towards designing a life.”
[26:58] “The more that we can grow, the more we have an opportunity to make an impact.”
[31:07] “When we ask ourselves powerful questions, we find powerful opportunities to find those answers. And all it takes is a powerful question.”
Resources Mentioned:
_CF Capital_
_Elevate_
_Rich Dad, Poor Dad_ by Robert Kiyosaki
_Think and Grow Rich_ by Napoleon Hill
Tyler Chesser: _LinkedIn_
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Sep 7, 2022
E06: Building a Multi-Million Dollar Business and Achieving Private Jet-Level Wealth
Most people do not accurately understand what it takes to start a successful business. The sacrifice can be taxing. In theory, you come up with a brilliant idea, put some money and a little effort into it, and wait for the money to start rolling in. Unfortunately, that’s almost never the case — in reality, many businesses struggle right out of the gate. The successful business owners are students of their craft, and their determination during the challenging periods is what allows them to achieve great success.
In this episode, Chris shares his journey in entrepreneurship, building his company, ProspHire, and investing in real estate. He talks about the challenges he experienced along the way and the priceless lessons he learned from his experiences.
If you want to learn how to build business and personal success, tune in to this episode!
Here are some power takeaways from today’s conversation:
* Go into each capitalist venture with both feet.
* Build strong relatio…
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Aug 31, 2022
E05: The Origin Story of a Big Law Capitalist
The journey to achieving your goals takes time and effort. It’s easy to let fears and worries control your decisions. I didn’t let fear stop me from making his dream lifestyle a reality. His mindset and experience have brought him financial freedom and the opportunities to achieve his goals.
In this episode, Jeremy Tomes shares his journey in real estate. He talks about key lessons that played an important part in his success. Listen to his advice on setting goals, investing, and developing a growth and abundance mindset to create your own opportunities.
If you want to know more about the mindset to achieve your goals, then tune in to this episode!
Here are some power takeaways from today’s conversation:
* Overcome fear with control.
* Find clarity in your goals.
* Leverage your good reputation and expertise.
* Invest in people.
* Develop a service and abundance mindset.
* Become mindset-driven.
Episode Highlights:
[04:21] Jeremy’s Journey into Entrepreneurshi…
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Aug 24, 2022
E04: How to Leverage Relationships to Generate Wealth and Success with Rick Perez
Do you want to succeed in real estate investing? You need to build and leverage relationships.
It’s not enough to know a few people in the industry — you need to consistently develop relationships with those who can help you level-up your wealth, and who you can help do the same! Why? Because relationships are the key to getting involved in game-changing deals.
In this episode, Rick Perez, Senior Vice President at loanDepot, joins us to share how he started investing and how he leverages his relationships to access high-level deals. Knowing the right people who can point you in the right direction could open many opportunities in the real estate industry. He discusses the importance of building connections and leveraging them to succeed in your industry.
If you want to know how to build and leverage your relationships, then this episode is for you!
Here are some power takeaways from today’s conversation:
* Find the growth potential.
* Decide on a niche.
* Learn from ot…
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Aug 17, 2022
E03: From Foreclosure to 100+ Flips Per Year Through Impact Investing with Theresa Ward
As we go along life and reach milestones, we may sometimes forget how significant it is to keep giving back to our community.
In this episode, Theresa Ward, real estate broker and entrepreneur, joins us to share how she got into impact investing. Real estate investing is not only a tool to build wealth, but it can also initiate genuine impact if we concentrate our efforts on bringing social good. She shares her advice on leveraging real estate investing to pay forward to people in her community.
If you want to know how to create a social impact as a real estate investor, then this episode is for you!
Here are some power takeaways from today’s conversation:
* Create social impact and earn profit through impact investing.
* Learn the value of team effort in managing a business.
* How remaining humble can compound your success and returns.
* Do not be afraid to ask questions.
* Use real estate to effect genuine change for yourself and others.
Episode Highlights:
[12:08]…
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Aug 10, 2022
E02: Important Trends and Tips for Real Estate Investing with John Wappler
Real estate investing can generate massive profits, but it takes a clear strategy before it becomes passive income. Your systems and operations need to be efficient. It’s also critical to avoid reinventing the wheel just because you think you can do something better.
In this episode, John Wappler, President of Evergreen RE LLC, joins us to share his experience building his real estate portfolio and the suite of companies he uses to manage his growing real estate empire. He weighs in on the future of real estate investing and what metrics we should consider when considering property deals in today’s market.
If you want to know how to build a real estate portfolio efficiently, then this episode is for you!
Here are some power takeaways from today’s conversation:
* How John started his real estate journey
* John’s lessons in building his property management and construction businesses to support his real estate portfolio
* Why outsourcing is important
* Future trends i…
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Aug 10, 2022
E01: $200,000+ Tax-Free Profit on 1 Flip and House Hacking to Generate Wealth with Matt Graves
House flipping with live-in flips and house hacking are all the rage these days. By doing a live-in flip, you can take advantage of the housing market to make a significant profit, and if you do it right, you can do it TAX-FREE. By house hacking, you can live in your dream home expense-free while also increasing its value — or even using it to create sustainable profits. But before you try live-in flipping and house hacking, there are many things you need to know so that you can maximize its benefits.
In this episode, Matt Graves, co-founder of NuHomes Capital Management, joins us to share his journey into real estate. He talks about his experience flipping houses, shares advice on how to flip and house hack to generate substantial wealth, and tells us how he earned over $200,000 TAX FREE on a live-in flip!
If you want to find out how to do a live-in flip and house hack in a tax-advantaged way for maximum gain, then this episode is for you!
Here are some power takeaways from today…
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Jul 28, 2022
E00: Welcome to the Big Law Capitalist Show!
As an attorney, building passive income to achieve financial freedom doesn’t have to be as difficult as you might think. Consider this your official invitation to join Jeremy Tomes, host of the Big Law Capitalist Podcast, weekly to find out how to make your money work for you by passively investing in alternative investments such as commercial real estate. Allow him to show you how to gain passive income streams by debunking common investing myths, introducing you to investing experts and real estate investing strategies, and showing you not only what to do, but HOW to do it.
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