Creative Financing Options for Real Estate Investors W/ Pace Morby

Very rarely do Russ and Joey come across something new in real estate strategy after interviewing over 150 podcast guests, but this episode with Pace Morby is packed to the brim of unique and creative financing options for real estate investors. This action-packed interview with Pace Morby offers brilliant educational insights on being able to place yourself inside previously unheard of real estate financing positions. Imagine being able to put $0 down and having a mortgage in your name, all while having a rental property generating over $1,000 a month. This scenario is out there and Pace is here to spread the word. This episode may very well change your entire way of thinking about how to get into the real estate investing market.

What financing position in real estate is and how you can make it work for your investments.

What to do when your transaction involves a party declaring bankruptcy or a property that has a lean on it.

How practices like door knocking can greatly increase your revenue and Pace’s best techniques for getting started.

Pace Morby

Pace Morby was a General Contractor for 10 years, building hundreds of homes and renovating/remodeling thousands of projects. His biggest clients were OpenDoor, Colony, Invitation Homes. After years of watching other people invest in real estate, Pace decided to transition into wholesaling properties, assisted living, seller finance, and their own property flipping operation. Today, Pace has a team of 15 people, generates over 150K per month in wholesale fees, operates 7 Assisted Living facilities, and owns 15 Subject-To properties.

How to create the value that you want to be paid for through short term rental W/ Avery Carl

Is there a difference between short-term or vacation rental investing and traditional real estate investing? What are the advantages of short-term rentals and how can you get started? On this week’s episode, Joey and Russ talk with Avery Carl, CEO and Founder of The Short Term Shop, about the short-term rental (or STR) investing market. Avery shares that her motivation to begin researching and utilizing STR came from her realization that she was dependent on others to tell her when/ if she would get a raise at her job. She also tells our listeners how they can get started in STR and the advantages it has over traditional real estate investing or land flipping. Avery then discusses the state of STR markets during the coronavirus pandemic and how people can still actively generate income through them. She explains the various platforms that she and others utilize for managing these properties, including apps like AirBNB, how they have streamlined her management of properties, and how they have changed during COVID-19. This episode offers incredible insights not only into creating and managing a STR business, but also how to understand the markets you are in and ways you can mitigate risk in investing.

How to get started in STR and vacation rental properties and which applications and software to use to automate the STR business.

Why STR is a powerful tool for passive income and how to effectively market your properties when getting started.

How to minimize risk in your investments by diversifying in both long-term and short-term rentals.

Avery Carl

Avery Carl is the CEO of The Short Term Shop brokered by eXp Realty. She’s become a top 1% agent and short-term rental expert. She purchased her first property at the age of 26 and became a millionaire at 31. She has since connected investors with over $125 million in cash-flowing STR's and vacation rentals since 2017. Avery now teaches and consults with people all over the country how to get started in STR investing.

The Future of Real Estate Investing W/ Propelio's Daniel Moore​

Daniel Moore of Propellio comes onto this week’s episode to discuss multiple valuable topics as he not only breaks down the future of real estate investing, the three fool-proof steps of investing in any cyclical financial market, but also his prioritization of mental, physical and spiritual health over financial success. With Covid-19, there’s a noticeable shift in the global market coming, Daniel’s anticipation is that the next 12-18 months will have a great housing market turn the other direction. The key to this uncertainty is the ability to perform in any market cycle. The largest shift of wealth comes in these uncertain times and those who know how to perform in a downward market have the most to gain in helping themselves and others. Daniel also preaches that real estate isn’t wealth. Through having his daughter, he realized there’s far more to life than what money can buy. Mental, physical, and spiritual health are extremely important and finances are just one piece of that.

The current housing market is about to shift and those who are educated and prepared have the most to gain.

How core business principles are the path to wealth.

How mental, physical, and spiritual health weigh more than financial gains.

Daniel Moore

Daniel Moore never made it out of high-school and worked in construction for $9 an hour. He suddenly found his passion was in real-estate investing. At 21, he bought his first house project, leaving him with only $50 in his banking account. By the time he sold it, he cashed in a $96,000 check. He caught the bug and earned other high gains, but also hit deep lows due to the cyclical market. Stuck with a decision to make, he turned to educating himself and invested every penny he had into fully immersing himself into learning business principles, the path to wealth. Now, He’s the mastermind behind Propelio, a real estate investing software and education platform.

The Entrepreneur Gets a Lesson in Finance by Nelson Nash | BYOB Book Review #11

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ continue their book review of Becoming Your Own Banker by R. Nelson Nash to dive into the equipment financing section to examine the numbers behind these policies. Joey and Russ show how Nash was able to help his nephew grow his income from $92,000 a year to almost $220,000 a year using cash that was already available to him. This section of the book begins to back up the ideas discussed earlier with concrete numbers so you can SEE the growth taking place. Joey and Russ then show you steps YOU can take to apply these same strategies and grow your passive income using sources of cash that you already have in your personal or business life. This is a pivotal episode to show the numbers behind the concepts discussed in previous episodes. You don’t want to miss it!

Why everyone should be in two businesses, the one you are currently working in and the business of banking that you use to finance yourself.

How you can take control of your finances and how you benefit from banking on yourself.

How to maximize your passive income using sources you already have in your home or business.

Can I put all of my income into an Infinite Banking Policy? Book Review Part 10

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ return to their book review of Becoming Your Own Banker by R. Nelson Nash to answer an important question: Can you put all of your income into an Infinite Banking Policy? Joey and Russ explain in order to answer that question and begin making tactile decisions that will propel you forward, you HAVE to identify what financial freedom looks like for you individually. They tell our listeners that we have to recognize that it’s not about how much or how little we make, but our decisions and abilities to utilize those resources to get out of the rat race. Once we begin to recognize that, we can dive headfirst into making those nuts and bolts decisions that will get us there faster. This is a must listen to episode for anyone that is wrestling with questions or doubts about achieving financial freedom.

Why taking the time to establish what financial freedom looks like to you and your family is crucial to building the foundation for Infinite Banking and passive income.

How to know the difference between when to invest more money into a policy or when it is time to expand that policy.

Why joining a community is vital to achieving financial freedom.

From Laid Off to $300,000 a Month using Online Business w/ Pat Flynn

We are all in the midst of having to make pretty significant change in our lives. Maybe your work has been completely cut out from you and you’re struggling to find an answer. That’s exactly where our guest on today’s show, Pat Flynn, was in 2008. After losing his dream job as an architect, Pat created a website to help others pass the LEED test, an exam many have to take in the architecture industry. People began leaving feedback on his site, with many saying his content was so good, they would pay for it. So Pat wrote a study guide that dove even deeper into techniques to pass the LEED and sold it for $19.99 on his website. During its first month on the website, Pat generated $7,008.55 and that’s when it began to click for him. Since then, he has created various businesses under the Flynndustries LLC umbrella and uses them as case studies in both his blog and podcast. To date, Flynn's businesses have generated over $3 million in revenue and now he works with people all over the world to teach them how to do the same. Our listeners can learn more about the resources Pat discusses in this episode exclusively at wealthwithoutwallstreet.com/patflynn

How to get started creating your own website and how to create passive income from it.

How your earnings tie into how well you serve your audience and why that’s important to measure.

Why transparency with your audience works so well in your favor and actually grows your income.

Pat Flynn

Pat Flynn is a father, husband, and entrepreneur who lives and works in San Diego, CA. He owns several successful online businesses and is a professional blogger, keynote speaker, Wall Street Journal bestselling author, and host of the Smart Passive Income and AskPat podcasts, which have earned a combined total of over 60 million downloads, multiple awards, and features in publications such as The New York Times and Forbes. He is also an advisor to ConvertKit, LeadPages, Teachable, and other companies in the digital marketing arena.

From Bankruptcy to Printing Money W/ Neil Twa

Amazon seems like the lifeblood of our society, especially during the COVID-19 outbreak. So what if there was a way for you to use Amazon’s platform to generate passive income for YOU? Our guest on today’s show is Neil Twa, a master at selling items through Amazon’s FBA program. Neil explains how he learned about Amazon’s market and the potential that foundation had to create passive income streams for him. So after he was laid off from his position at IBM, he decided to dive head first into selling through Amazon and then began scaling his operations. Today he now works to help others, even those with NO experience selling on Amazon, how they can utilize the FBA program to make upwards of 6 and 7 figures annually. He’s also agreed to join our community and teach YOU how you can get started. For more info go to wealthwithoutwallstreet.com/amazon

How working with Fulfillment by Amazon brought Neil from bankruptcy to printing money and how it can do the same for you.

Why scaling operations with Amazon is vital to creating passive income and can generate over 6 figures annually

How anyone can learn to sell through Amazon and why it’s a great avenue for passive income.

Neil Twa

Neil is a 7 figure ECOM expert who has shared stage time with Kevin Harrington, Jay Abraham, been featured in Entrepreneur.com, Huffington Post and INC for his knowledge, training and business growth around SaaS and E-commerce focused companies in the Shopify and Amazon markets selling physical and digital products. He's successfully coached over 500+ entrepreneurs and made dozens of millionaires teaching them how to sell physical products online, just like he's going to show you today. The software he'll demonstrate is hands down, the best in the industry for managing order fulfillment, product sourcing, automation and product selling.

Redefining Leadership and Success W/ Shawn Lovejoy

Great leaders are often forged in times of crisis. COVID-19 continues to decimate the economy and millions of Americans have found themselves forced to work from home. However, it’s in moments like these that leaders rise up. On today’s episode Russ and Joey sit down with Shawn Lovejoy, Founder & CEO of Courage To Lead. Shawn tells our listeners how to become a leader even during overwhelming periods in our lives. He explains the most important resource in any leadership scenario is the people you are leading. This is an episode you MUST listen to if you are looking to improve your leadership skills through greatly improving the relationships at work and home.

Why during any period of business, the most important resource you have is your people.

How caring for the people inside your organization is just as valuable as creating a road map for them to follow.

The things people need to have right now during uncertainty and how to improve your ability to lead others.

Shawn Lovejoy

Shawn is the Founder & CEO of CourageToLead.com. Shawn has been a successful real estate developer, church planter, megachurch pastor, and successful entrepreneur and leadership coach. Shawn now leads a team of coaches through CourageToLead who coach leaders through what keep them up at night! Shawn is the author of three books including Be Mean About the Vision: Preserving and Protecting What Matters and The Measure of Our Success: Your Path To Significance, Satisfaction, & Leading Yourself To The Next Level. Shawn has been married (for a quarter of a century!) to his partner and best friend Tricia Lovejoy, and they have three children: Hannah, Madison, & Paul. They all call Birmingham, AL home.

Taking Action Through Passive Income Streams W/ Sid Christensen

How could creating passive income streams make a difference in you and your families lives right now? As Wall Street’s volatility continues to shift day after day during Coronavirus, what can you be doing not only to generate more income for yourself, but also add more time to spend with your family? Our guest on today’s episode, Sid Christensen, explains how using Infinite Banking Concept to fund land deals and rental properties allowed him to change his family’s life for the better. He talks about how he found out about Wealth Without Wall Street and his initial skepticism towards IBC and real estate. However after taking the chance and diving into rental properties, he is now working to show others what financial freedom can look like for them. Sid also gives advice for those who are just getting started or thinking about getting started and the most important things they need to learn to minimize mistakes and maximize their success. If you’re wondering how transformative passive income, IBC, and financial freedom can be in your life, this is an episode that shows first hand how much it means to a listener. You don’t want to miss this episode!

How having a positive attitude can actually increase your success and help you overcome roadblocks faster.

How to stay consistent with land deals, especially when you are first starting out.

Why IBC works so well with land deals, and how it can help you reach your financial freedom goals faster.

Sid Christensen

Sid’s career goal has always been simple… to make money. While working various full-time jobs, he started off on his financial freedom journey by learning from mistakes made in investing, experiencing the Dave Ramsey approach, and then finally in 2018, he tested the waters by creating his opportunity fund with whole life insurance. Soon after, the Financial Freedom Formula became clear to him and he chose a passive income path that worked best for his needs; land flipping. He quickly saw over $2,700 a month in passive income, all while working towards spending more time with his kids.

How to be Present W/ Chris Niemeyer

How do we approach the ‘balance’ of family, work and life demands, especially during this tumultuous period in our lives? How can we work to live in the present? Our guest on today’s episode is Chris Niemeyer, founder of Like Minded Travels. Chris is passionate about helping other entrepreneurs and small businesses work more in their sweet spot – to work less and make more. He tells our guests how they can find the balance between work and life so we can spend more time with family. Chris loves to travel and has been to over 40 countries, and he tells our listeners how he still has time for his wife and four children while running a company that books travel for clients like Michael Hyatt, Dan Miller, and Bob Goff. If you’re struggling to find time to live your life outside your business and really live in the present, this is an episode you MUST listen to.

How to know when you’re doing too much in your business and what you can do about it.

Why, no matter what business you work in, there is always time to live in the present.

Why Chris believes you can be an entrepreneur that loves their spouse and kids, but still wants to kill it in business.

Chris Niemeyer

Chris is an entrepreneur, speaker, coach, and podcaster. Chris founded and owns two online travel companies – MissionTravel.org & Like Minded Travels. His passion for missions and travel formed the idea of serving the travel needs of those serving the world. He also helps influencers and leaders create unforgettable travel experiences and live events to deeply connect with their online community.

Your Big Idea w/ John Lee Dumas

How do you get an idea to see explosive growth and find success as an entrepreneur? Our guest on today’s episode is the legendary John Lee Dumas, founder & host of the award winning podcast Entrepreneurs On Fire. JLD explains the three key factors that lead entrepreneurs to success. He talks about finding the RIGHT content for your business and why producing lots of content doesn’t necessarily mean it is the right fit for that person. John explains how our listeners can find their Zone of Fire to maximize their growth and go all in on their ideas. He shows us why so many budding entrepreneurs don’t see success and what they can do to fix that. This is a must have episode if you’ve tried or are trying to get into entrepreneurship and why it’s so important to be All In.

What are the three things every entrepreneur needs to be doing to achieve maximum success

How to focus on the biggest leverage points within your business

Why patience is vital to becoming a successful entrepreneur and how a lack of patience causes many new entrepreneurs to make mistakes.

John Lee Dumas

John Lee Dumas is the host of Entrepreneurs on Fire, an award winning podcast where he interviews inspiring Entrepreneurs who are truly ON FIRE. Dumas is widely regarded as one of the best viral entrepreneur podcasters in the United States, who started his entrepreneurial career in 2012 and has generated over $16 Million in revenue through his podcasts.

Current Events: Coronavirus and the Market Drop

The Dow Jones plunges more than 2,000 points, the largest decline since 2008, as coronavirus fuels market turmoil.” If you’re living in the Wall Street mindset, it might seem like the sky is falling. But on this week’s episode, Joey and Russ want to tell you why this is the perfect wake up call to begin your journey to financial freedom. In these moments of uncertainty and violent swings, they tell you what you can be doing to find passive income and eliminate the stress of seeing red on the NYSE. If you’re tired of riding a financial roller coaster, this episode will help show you what you can do to change that.

Why the Wall Street mindset is the wrong way to think when it comes to retirement.

How you can begin finding methods of passive income that provide real, tangible growth without locking your money into stocks or bonds.

Why now is the perfect time to start questioning what you’ve been taught about investing your whole life.

The Pursuit of Excellence W/ Aaron Walker

Are you currently where you want to be in your life? If you aren’t, what’s holding you back? What are you doing to make 2020 a more explosive and successful year than 2019? If you want to become a must-have expert in your business, personal and spiritual life, a mastermind group will not only help you to become successful but significant. If you feel like you constantly are fighting uphill in your business or can’t find a way to maximize your growth, then this is an episode you MUST listen to.

How to live a life of significance and constantly pursue excellence in both your personal life AND your business.

How anyone can create a mastermind from scratch and find success.

Why it is so important to find the right group of people to hold you accountable, especially when joining a mastermind group.

Aaron Walker

Aaron started his entrepreneurial journey at the age of eighteen when he started his own business. Nine years later, he sold that business to a Fortune 500 company for over seven figures. However, he didn’t feel fulfilled by just selling his business and thought there had to be more he could accomplish. Since then, Aaron has started, bought, and sold fourteen successful companies over the past 36 years. Aaron now works with Iron Sharpens Iron Mastermind, which works to help men grow and be accountable in every aspect of their lives.

How to Create Passive Income with Wholesaling Lease Options w/ Joe McCall

We’ve often heard our listeners ask us “How can you begin investing in real estate without having extensive funds?” The answer is simple: You need to use creative strategies! Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. He had always heard that real estate was a great way to provide passive income, but he struggled to really get it off the ground. When he got tired of spending over $3,000 a month in marketing for his wholesaling business, and throwing away so many leads from unmotivated sellers, he knew there had to be a better way. That’s when he came across the special niche he calls “Wholesaling Lease Options”. As soon as he started implementing his simple, unique system, within 3 months his part-time income had surpassed his full-time income. Joe tells our listeners what wholesaling lease options are, why they are such a powerful tool for providing supplemental income, and how they can automate a majority of the business to sell properties wherever and whenever they want. If you’ve never heard of wholesaling in real estate or don’t think you have the funds to start investing, this is an episode you cannot afford to miss!

What makes wholesaling lease options different from other forms of real estate that we’ve discussed on this podcast before.

How you can begin transitioning from a full time corporate job to making more money by flipping properties part time.

Why it’s important to prove that you can earn some revenue in your new venture before quitting your job.

Joe McCall

Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. Joe has been investing in real estate for over a decade, has sold over a hundred properties, and taught his students to sell hundreds more. Before he started working on his real estate investing business full-time, he had worked for several large engineering & construction companies all around the country.

Life-Changing Moments w/ Dr. Lance Ellis

We like to say that we often compare our financial health to our physical health. We never think we’re in incredibly poor shape, but we know there are areas that we could improve. Our guest on today’s show, Dr. Lance Ellis, began to see the correlation between the two after he had a heart attack in his 40s while on a ski trip with his wife. Dr. Ellis then talks about how he discovered IBC through Joey and Russ and how he is now taking the right steps to secure his financial freedom. This is a great episode for those who think their finances are “fine” and how to turn them into something you can live comfortably off of!

How our mindset can be misaligned for financial freedom and how we think we’re doing all the right things, when in reality we could be approaching them better.

Why thinking “I’m doing fine” with your finances may not be enough to get you where you want to be going.

How to change our mindsets to be more proactive about our financial health, and what we can do to maximize our growth.

Dr. Lance Ellis

Dr. Ellis is a board-certified orthopedic surgeon out of Waco, Texas. He explains how he thought he was doing the right things to secure his financial freedom, but in reality he was just doing what other people had told him to do. Despite his investments in Roth IRAs and 401ks, he discovered two key problems with these investments: the money was almost completely illiquid and the growth rate wasn’t significant.

5 Mistakes New Landlords Make and How to Avoid Them w/ Brian Davis

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down with Brian Davis to discuss 5 common mistakes new landlords make when they begin investing in real estate. Brian describes his goal for others as creating more fluid and easy to grasp processes of automating real estate, so people can reach financial freedom faster. This is a perfect episode for those who are interested in property management but want to avoid some of the common mistakes that many find themselves making when they are just getting started.

Why everyone should start seeing rental properties as a great source of passive income.

What processes you can automate to streamline rental and management tasks and which processes you should keep doing manually.

How to properly assess your progress and recognize if you are on the right track or making careless mistakes.

Brian Davis

Brian is the co-founder of SparkRental, an automated landlord software, and is a nationally recognized rental industry expert. He explains how he began investing heavily in real estate during the housing bubble in 2005, how the market crash left him with dozens of negative cash flow properties, and what he did to rebuild his passive income to over $20,000 a month in rent.

Growing Your Wealth, Power, and Influence w/ Jason Stapleton

What is one of the most important things to have, whether it’s in your personal life or in your business? A strong personal brand. But how do you grow your brand to rise above the noise? What can you do to set yourself apart from the thousands of other voices fighting for attention? Our guest tells our listeners the three steps to strengthening a person’s brand into a successful one, and what they can do to set themselves apart in a sea of businesses. He also explains the best ways people can bring value to their personal brand, what they are missing, and the key thing they need to be doing to see real, lasting results. This episode offers information for growing your brand from one of the best of the business, so you definitely don’t want to miss this conversation with Jason Stapleton!

How to quickly establish trust & likability with your audience and constituents.

What you are doing now that could be hurting your brand growth and how to fix it.

Why having a strong personal brand is vital to creating a successful business or show, especially in today’s saturated market.

Jason Stapelton

Our guest on today’s show is Jason Stapleton, an expert on brand consultation and growth. Jason grew his first company, Trade Empowered, into a multi-million dollar brand and is now one of the largest and most well-respected trading education companies in the world.

7 Ingredients to Becoming a Person of Influence w/ Coach Micheal Burt

Are you tired of chasing people around to find consumers, partners, or investors? What if there was a way to make yourself a person of interest and draw people to you instead? Our guest on today’s episode is Coach Micheal Burt. Nicknamed “The Super Coach”. He explains the four characteristics that every person needs to have in order to become a person of interest and actively draw people to you. Coach Burt also explains the importance of having a coach or a mentor in any endeavor you pursue. He even shows how a good coach can help you earn 3-4x more than those who don’t have a coach. This is an exceptional episode at showing how mastering these techniques and finding a coach that works with you can explode a person’s growth, both in their business and their personal lives.

How to bust through both your business and personal ceilings, and grow your brand as a person of interest.

Why it’s important to go from a person that others say is “nice to have” to a person that others NEED to have.

How to invest in the four characteristics that every successful person of interest has.

Coach Micheal Burt

Coach Burt is a unique blend of a former championship coach with an entrepreneurial mindset. He has quickly become the go-to business coach for aggressive minded companies in competitive and saturated markets who want to look different, run faster, and be agile.

The Prodigal Son of Infinite Banking w/ Jonathan Sanders

We’ve all second guessed ourselves at some point in our lives, especially when it comes to financial decisions. However, is there anyway to go back to a plan after abandoning it? How do we decide what’s truly right for ourselves and our families? Today’s episode talks about a client and friend of Wealth Without Wall street, Jonathan Sanders.He shares his personal journey of being exposed to Infinite Banking, but canceling his policy after only 7 months. He then explains what brought him back to it, and how he determined it was the right decision for him. He calls himself the Prodigal Son of Infinite Banking. He walks through the emotions behind his journey, the doubts he had along the way, and ultimately, the idea that the product is never meant to be the savior, but rather how the product changes you on your financial journey. His story is humbling, eye opening, and inspiring, and if you are someone who struggles with doubts in the world of financial freedom, this is an episode you cannot afford to miss.

How to evaluate the best way to live comfortably while still living within our means and our budgets.

Why it’s important to surround ourselves with people that challenge the way we think about finances and help us think outside of the status quo.

Why change is so important to not only understanding Infinite Banking, but living a life that compliments it and maximizes your returns.

Jonathan Sanders

Turning Your Phone into a Money Making Machine w/ Ann Sieg

What if there were a way to use your phone to generate a profit for you every time you went shopping? What if you could use this method to create a business that passively generates income straight from your phone? Ann and her team have trained over 6,000 people to generate quick cash flow from the simple retail arbitrage method. Many have gone on to buy new homes, quit their jobs, pay off debt, assist family members and enjoy the mobile lifestyle of travel and adventure.. Even if you know nothing about Amazon, Google Adwords, or anything else about online selling, this episode is an incredible listen to get started on using these marketplaces as a means to generate passive income.

How to determine the best products to buy in bulk and sell at a profit online.

When to scale your business to increase cash flows and how to properly scale it to maximize your income.

How to identify the best tools for bringing your business to the top of search engine results.

Ann Sieg

Our guest on today’s show is Ann Sieg and she discusses how to shop your way to wealth by purchasing items in bulk and then sell them for a profit through things like Amazon. She explains that using these services is one of the best methods of cash flow generation. It is also a business that after its initial setup is designed to be hands off, thereby generating passive income.