Using Real Estate to Make Your Finances Soar with Travis Wood

Money is a powerful resource, but nothing is more universal than time. So, what if you have more money than time? You work diligently at your job and are paid well for it, but if you don’t possess the time to reap the benefits, what was the point? Today’s guest is Travis Wood, a full-time airline pilot who loves his job and is compensated well, but he found himself reaching the end of his job’s ladder and feeling stuck. He knew that there was more to life for him and his family, so instead of settling into an “Oh well” mentality, Travis leveraged his love of learning to enter the real estate game and begin his journey to financial freedom. For him, the secret to success is not a fancy degree or expensive real estate seminar. Instead, Travis thought of an old product in a new way, invests in his imagination, and reminds himself that not being in a rush is the key to financial freedom.

Imagination and dedication define your ability to be financially free, not background or education.

How to avoid the proverb of “the borrower is slave to the lender.”

Why you should take your time and enjoy the process.

Travis

Travis Wood is a full-time airline pilot from Louisville, KY, husband, and father to two young boys. He and his wife realized the power of passive income, so they leveraged their well-paying jobs to enter the real estate game and slowly earned the financial freedom to give their family the life they deserve.

Feeling Unfulfilled? Develop the Right Mindset W/ Rod Khleif

Mindset is Important no matter where you are at in life. It can be helpful whether you’re starting and running a business or if you’re trying to be a better steward of your money at home. Today’s Guest, Rod Khleif, tells his story of great rises and great falls and how he found the true meaning of success. Early on, Rod got everything he wanted. He even bought his dream multi-million dollar house on the beach. And yet after only 60 days of obtaining his house, he realized he was fully depressed. He was simply unfulfilled and his expenses did not fill the void. Now, Rod is on the path of saying that there’s much more to life than all the things that can be accumulated.

There’s more to life than filling it with sought-after expenses.

You can be successful, but unfulfilled.

How to stop and force yourself to write down the goals

Rod Khleif

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.

Our Passive Income Report - August 2020

Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we highlight our August 2020 passive income streams. We’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. These episodes help us open up our eyes. We’re also unlocking not only the revenue from our passive income sources but also talking about how passive they actually are. We offer our community affiliate passive income opportunities and we want to be transparent with our community so that we can both support each other on our paths to Financial Freedom.

How ATM Machine Investing Works W/ Dave Zook

Can ATM’s be a solid investment opportunity? All of us know that feeling of being in a situation where you need immediate access to cash. In those situations, the importance of the need for that cash greatly outweighs the hefty service fee the machine tacks onto the withdrawal. Someone is benefiting from those transactions and today’s interview is with one of those investors, Dave Zook. Dave walks Russ and Joey through how you can make money from ATM machines and how intensive it might be. We talk about the end users of ATMs and if they’re going away or not in a now cashless society. We also discuss the various types of ATM machines and which ones you can get into investing in. This is a highly-requested podcast interview from our Wealth Without Wall Street community and we’re excited to be able to share out the wonderful world of ATM machine investing.

How long it takes to get your investment back

What types of ATM machines are investable

Other avenues of revenue ATMs offer than just transactions

Dave Zook

Dave Zook is a successful business owner and an experienced real estate investor active in Multi – Family Apartments, Self-storage and the ATM space. Dave has acquired more than $100 million worth of real estate since 2010. At the time of this writing, he and his investors own approximately 3000 Multi-family Apartment units.

How to Build a Life Worth Chasing - With Chase Maher

We are trained in American society to get into debt. How can you do the opposite of what the middle-class is trained to do and do what the wealthy know how to do? Even for those who choose to save up and then spend, there are very little ways to get out of the cycle. We should make our earnings go to work for us and if we’re going to spend anything, we’re going to spend what that produces. Chase Maher of The Life Worth Chasing Podcast, comes on our show to share his perspective of never fitting in. Chase is a real-estate investor who is simply thinking differently. His goal is to buy the assets that create the lifestyle, not have a corporate job that spends down for a lifestyle. He found ways to create the assets that built the life worth chasing.

Understand the difference between “Have. Do. Be” and “Be. Do. Have”.

Learn what Location Independence means and how you can set out to achieve it.

How to treat your personal life expenses as a profit and loss sheet seen in a business.

Chase Maher

From flipping cars to building wealth in Real Estate, Chase is well on his way to retiring by the age of 40.

Long Range Thinking Required | BYOB Book Review Part 15

In this episode of The Wealth Without Wall Street Podcast, Joey and Russ take on part 15 of the Becoming Your Own Banker by R. Nelson Nash book review. They discuss the chapter about "An Even Distribution Of Age Classes" and the importance of thinking long-range. Legacy in its simplest forms is at play here. You need to think about passing along the knowledge to future generations. Nash is all about making you to think “how do I play out this becoming your own banker process for generations?” Chances are, you’re the first person to start this process in your family and you’re starting to realize this process can play out for generations to come.

Learn that there’s something more important you can eave behind than just wealth.

See what Steve Jobs, Martha Stewart, and Walt Disney have in common.

Understand that Becoming Your Own Banker is deeper than just money.

What on Earth are Tax Liens? W/ Joanne Musa

Today's podcast interview is all about understanding Tax Liens and we brought in the Tax Lien Lady, Joanne Musa. Tax liens are fairly straight forward, but they can get complex in a hurry. Tax liens at their core are the result of when people don't pay their property taxes and cash-strapped states will sell these taxes to investors, resulting in a lien against the property. Auctioning these liens can be lucrative and an effective way of working towards financial freedom.

How tax liens work and how it varies by state.

How you can bid down the tax liens to make more lucrative margins.

How to pick the right states to bid on tax liens

Joanne Musa

The Tax Lien Lady, known online as America’s most trusted teacher and trainer on tax lien investing, helps investors who want to reap the rewards of from safe, profitable tax lien certificates and tax deeds. For the past 15 years Joanne has specialized in training people on how to build a profitable portfolio of tax lien certificates or tax deeds, so that they no longer need to take their chances in the stock market.

Our Passive Income Report - July 2020

Welcome to another first on the Wealth Without Wall Street Podcast! Today, we’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. This episode has helped us open up our eyes. We’re also unlocking not only the revenue from our passive income sources, but also talking about how passive they actually are. We offer our community affiliate passive income opportunities and we want to be transparent with our community so that we can both support each other on our paths to Financial Freedom. Check out below our numbers in July, 2020: July 2020 - Passive Income Revenue By the Numbers: Gross Revenue: $ 16,164.22 Total Expenses: $ 11,216.70 Net Profit: $ 4,947.52 ____ Affiliate Marketing - Revenue: $6,095 | Expenses: $0 Community - Members: 2,700 | Revenue: $ 538 | Expenses: $0 Long-term Rental - Revenue: $ 915 | Expenses: $ 941 Short-term Rental - Revenue $3,207 | Expenses $2,619* Crypto - Revenue $2,128 | Expenses $1,206 Multi Family - Revenue: $0 | Expenses $0 Cattle Business - Revenue: $0 | Expenses $0 Land Flipping (Tri Star) - Revenue: $1,488 | Expenses: $677 Land Flipping (Everland) - Revenue: $1,330 | Expenses: $0 *Wake Up In Birmingham labor expenses: $ 4,166.66

How to track expenses a lot better

Why the guys want to put more money in land

Why putting all of this on paper is the only way we’re going to get our passive income greater than monthly expenses

Traveling 10,000 Miles to Reach Financial Freedom w/ Reed Goossens

What are you doing with your time right now? Are you going to use this time, especially during the continuing COVID-19 outbreak, to educate yourself on areas that will give you MORE time to spend with your family? Or are you going to just scroll through one more YouTube Video or news article? Our guest on today’s show, Reed Goossens, shares his story of escaping the cubicle and investing his time so that he could have more freedom to spend with his family. Reed explains why he quit his job as a structural engineer in Australia and moved to the United States to pursue real estate investing. He talks about purchasing his first property for $38,000 just outside of New York City and how easy it was to begin investing in real estate in the US when compared to Australia. Despite this, he realized he was still thinking too narrowly about investing and entrepreneurship. Then he met a friend that shared the benefits of real estate syndication, which led him to start RSN Property Group, which has gone on to acquire over $60 MILLION worth of real estate to date. Reed talks about the importance of getting out of your own way and ensuring you invest your time into doing the work that helps you move the needle. If you’re looking for ways to better invest your time so that you can have more freedom to live your life, this episode is crucial to helping you make that dream a reality.

What makes the US a perfect market for real estate investing and why Reed moved from Australia to pursue it.

How you can create a network in a new country, city, or market regardless of where in the world you travel.

How Reed segued his business from a small rental property portfolio to syndication and what the benefits of syndication are.

Reed Goossens

Reed Goossens is a real estate investor, entrepreneur, author, and public speaker whose real estate investing journey began in 2009 thanks to picking up “Rich Dad Poor Dad” by Robert Kiowsaki. Reed worked in civil/structural engineering before taking the plunge full time into real estate investing and development. In 2011, Reed and his wife moved to the US from Australia and purchased his first duplex for $38,000. The experience taught him a lot about the benefits of investing for cash flow in the US, which has much lower barriers to entry than Australia’s markets. Reed founded RSN Property Group, a multi-family syndication investing firm involved in the acquisition of over $60 million worth of real estates to date. He hosts the podcast ‘Investing in the US – An Aussie’s guide to US real estate’, interviewing top real estate professionals to better educate other investors who want to break into the US Market.

Get Your Teens to Start Thinking About Financial Freedom W/ Dan Sheeks

How can we teach our teenagers about financial literacy? What are the ways we can present ideas about finances to teenagers that will not only be engaging, but create lasting concepts in their minds? Our guest on today’s show is Dan Sheeks, founder of SheeksFreeks, a blog dedicated to helping young people make intelligent financial decisions that allow themselves to reach early financial independence and live their best life. Dan tells the guys how he’s teaching teenagers about the core principles of financial education and how he’s creating communities to help them stay accountable to their goals. Dan then explains how parents can begin the conversation with their own teens to get them thinking differently about finances. If you have teenagers or even pre-teens, this is an invaluable episode to give you the resources you need to get them to start approaching financial literacy differently!

Why personal finance education is such an important topic to begin teaching in schools, especially during high school.

How parents can begin having conversations with their teens to create a foundation of financial literacy before they graduate.

How to get teenagers and young adults talking about different financial concepts and how communities like SheeksFreaks help foster that discussion.

Dan Sheeks

Dan is a high school Business and Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. In his 17 years of teaching high school, he has taught a variety of business subjects,including financial literacy, entrepreneurship, personal finance, and marketing. Dan and his wife have a variety of real estate investments,including multifamily, single-family, Airbnb, and out-of-state BRRRRs. They currently have 14 units in the Denver metro area, Colorado Springs, and Detroit and continueto grow their portfolio

What Mortgage Note Investing Can Do For You! With Jamie Bateman

Why should you consider investing in mortgage notes? How can investing in mortgage notes, specifically notes where the borrower is not making all of their payments, can be profitable? Our guest, Jamie Bateman, explains how he began investing in mortgage notes and created significant returns by buying notes at 50-60% discounts. He tells our listeners how he finds notes online, which notes are the best to purchase, and how to flip the properties to maximize his returns. He also shows the reason purchasing notes pairs well with IBC and how both investments offer an incredible amount of control when compared to traditional IRAs or 401Ks. Since 2018, he has grown his portfolio to include over 20 notes in 10+ states and now works to help others discover how they can earn income through note investing. This is an episode that shows how unconventional methods of investing in real estate and IBC pair together perfectly, so you won’t want to miss this conversation with Jamie Bateman.

How mortgage note investing allows you to be as passive or active as you would like and how both can create significant returns.

Where to find mortgage notes online and the best systems, tools, and vendors Jamie is currently using when purchasing notes.

Why IBC and mortgage note investing synergize so efficiently to one another and how mortgage note investing through IBC offers YOU almost complete control of your investment.

Jamie Bateman

Jamie Bateman has been an active real-estate investor since 2010. He and his wife, Emily, manage a portfolio of investment properties in Baltimore County, MD. They have experience in both the mortgage and the title industries. He takes pride in assisting those who are motivated to incorporate non-traditional investing strategies into their wealth-building plan. He also recognizes that sometimes homeowners come across challenging circumstances that necessitate creative solutions to help them stay in their home. Jamie loves to spend time with his family. A former U.S. Army officer and collegiate lacrosse player, he enjoys slowly progressing at Brazilian jiu jitsu, watching football, and coaching youth lacrosse.

Cost of Acquisition and Can I Get a Higher Rate of Return? | BYOB Book Review 14

The Cost of Acquisition can dictate a lot of our decisions in business. The liquidity of having cash on hand can often make or break an opportunity for us. So how do you find the optimal vehicle for wealth that creates returns that offset the cost of acquisition? Joey and Russ talk about the importance of control in investing. They explain that most people’s money doesn’t reside in a place that they can easily access. As a result, they end up making decisions because they HAVE to not because they WANT to. The guys then explain why retraining our mindset to investing in life insurance policies allows us to see the freedom that we can attain that would be impossible with a traditional 401k or IRA fund. This episode helps highlight why we have to look at liquidity in our investments and that the cost of acquisition is often more about the limitations of our money than the amount.

What the three buckets of the cost of acquisition are and how to properly recognize it in investing decisions

How you can recognize both the seen and unseen costs of business and retraining your mindset beyond the initial seen costs of an action.

Why Infinite Banking Concept is an AND asset that gives you access to both returns from the insurance company AND the freedom to invest in areas that yield a higher rate of return.

How I Achieved 7 Figures Through Flipping Homes With Bill Allen

We’ve said many times on this show that our environment dictates what level we will rise to or stay at, especially when it comes to investing in yourself. So how can you go from being part of a mastermind to OWNING a mastermind? By expanding your horizons and surrounding yourself with people who are experts in their field. That’s exactly what our guest on today’s show, Bill Allen, did when he joined and subsequently became the owner for 7 Figure Flipping. Bill talks about how he got into real estate investing during his tenure as a Navy pilot and applied strategies he had learned from the military to real estate. He also discusses how he went from flipping 1 to 2 houses annually to quitting his job to work full time with 7 Figure Flipping and his company, Blackjack Real Estate. Bill also explains how, rather than focusing on profits as the end goal, he uses his financial resources to give back to others, create resources for them to expand their horizons, and allow them to grow their real estate investments far beyond 1 deal a year. Bill offers incredible insight into real estate investing, so if you’ve been on the fence about diving into it, this is the perfect episode to expand your horizons.

Why the first step of building an effective system requires looking inward, discovering what you want and self-expansion.

How to market and define your personality for a role so that you can attract the right people.

How investing in others can create a community that greatly increases revenue for everyone.

Bill Allen

Bill Allen is a real estate investor based out of Nashville, TN. He and his team currently flip and wholesale 200+ deals per year in Tennessee and northern Florida. Just a few years ago, he was stuck flipping 1 or 2 houses per year and doing all the work himself, but since then, he’s built a systematized business that runs without him and has begun showing other investors how to do the same. Bill is the CEO and owner of 7 Figure Flipping, where he helps lead the top house flipping and wholesaling mentoring groups in the nation.

How to buy owner financed houses with 0% interest! W/ Chris Prefontaine

Real Estate, as we have talked about many times on the show, is one of the pillars to creating passive income at your own pace. However, there are still external factors that can either generate risk or diminish your ability to maximize your income. So is there a niche in the market that can allow you to do something like purchase owner-financed houses with ZERO percent interest? Our guest on today’s show, telling you how you can do real estate on your own terms without being at the mercy of the ever-changing market, is the founder and CEO of Smart Real Estate Coach, Chris Prefontaine. Chris explains that doing real estate on your own terms involves buying and selling real estate that is either lease purchased or owner financing. He then goes on to show how these two types of properties can generate massive returns with a part time investment and mitigate a great deal of risk when purchasing these properties. This is an incredible episode from one of the best in the business and if you’ve ever wanted to learn a great, part-time method to investing in real estate, you need to listen to this episode!

Why the niche of purchasing on terms can provide greater returns than other areas of real estate investing.

Which of the two types of properties beginners should invest in and which generate more income.

How to structure win-win deals for yourself and every homeowner you talk to.

Chris Prefontaine

Chris Prefontaine is the Founder and CEO of SmartRealEstateCoach.com and has been in real estate for almost 30 years. His experience ranges from constructing new homes in the ’90s and owning a Realty Executive Franchise to running his own investments (commercial & residential) and coaching clients throughout North America. Today, Chris runs his own buying and selling businesses with his family team, which purchases 2-5 properties monthly, so they’re in the trenches every single week. Having been through several real estate cycles, Chris understands the challenges of this business and helps students navigate the constantly changing real estate waters.

The best tools to teach your children what they're not learning in school W/ Connor Boyack

A lot of schools today leave out economic and civic lessons that are vital to a child’s understanding of the world. Parents know that children need to be taught these ideals as they grow up, but the questions remain: How do I describe economics to a 7-year-old? Should my children and preteens care about the government? What resources are available to me so I can provide these topics to my children in an interesting and easy to understand way? Our guest on today’s episode is Connor Boyack, author of the best selling series The Tuttle Twins. Each book focuses on a different aspect of the principles of a free society: free markets, competition, individual rights, all condensed into core concepts that children can easily understand. Connor explains that a lot of parents and even those thinking about starting families want to provide this type of education to their children, but feel they either lack the time or knowledge to ensure these messages resonate with their kids. Through his stories, activity books, and even workshops, Connor shows that not only can parents teach their kids about these seemingly complex ideas, but actually create a foundation for their family and learn together.

Why it is so important for parents to invest in their child’s understanding of principles like economics, the free market, and individual rights.

How any parent can utilize resources like The Tuttle Twins to create a foundation of learning and understanding for these principles.

How creating this foundation of discussion with your children enables them to learn critical thinking from an early age and engage in conversation about the things your child has read.

Connor Boyack

Connor Boyack is president of Libertas Institute, a free market think tank in Utah. In that capacity, he has spearheaded a number of successful policy reforms in areas such as education reform, civil liberties, government transparency, business deregulation, personal freedom, and more. Connor is also president of The Association for Teaching Kids Economics, a nationally focused nonprofit training teachers on basic economic principles so they are empowered and motivated to help their students learn more about the free market. A public speaker and author of over a dozen books, Connor is best known for The Tuttle Twins books, a children’s series introducing young readers to economic, political, and civic principles. Connor lives near Salt Lake City, Utah, with his wife and two homeschooled children.

The Retirement Trap! | BYOB Book Review 13

This is our 13th podcast episode dedicated to reviewing R. Nelson Nash's book - Becoming Your Own Banker. Russ and Joey take the on the discussion of the retirement trap (page 66-67). What does that mean? There are trillions of dollars that the government sets out there as a trap for us. So, how can we avoid this trap and prosper? It's simple - understand that the motives of others are not the motives of ours.

That you can't understand economics without history.

How to avoid the retirement trap and create self value through your passions and skills.

Why it's impossible for the Government to be charitable.

How to build a brand and turn it into a following W/ Natalie Barbu

Natalie Barbu brings us on the journey about how she quit corporate America and was able to create a business that equals her goals of working from home and financial independence. Starting out as a content creator, Natalie built her own profitable brand through social media and grew a highly-engaged following along the way. She then expanded her personal brand into a fully built-out branding agency that helps individuals and businesses build their own brand that connects with their following. Russ and Joey learn from Natalie about how a brand can leverage social media and Youtube and be able convert it into better SEO, better inbound marketing, and a better brand following.

Leveraging social media and Youtube's reach are a must when building up your brand's presence.

How to center your personal brand about what actually interests you.

If you're the face of the brand, how diversifying your income is key.

Natalie Barbu

Natalie has been a content creator for 9+ years and has worked with countless brands on influencer marketing campaigns, creative content, and brand strategy in her career. In 2019, Natalie decided to leave her corporate job and start Barbu Agency and started with one-on-one consultations with individuals who wanted to start or grow their personal brand/businesses through social media. Natalie recently expand her agency to work with brands on a more personal level- helping with PR, marketing strategy, and influencer marketing campaigns.

Stewardship - Russ and Joey

Do you feel like you struggle with managing your money? Do you have a desire to grow your money? Maybe you feel frustrated that you’re only able to share for the short term and not the long term. On this week’s episode, Joey and Russ talk about how we can maximize our stewardship of money. They also discuss how to move through periods of our life where we can be fearful of either earning or spending too much and how stewardship ties back into a Christian mindset. Joey explains that when we begin to utilize resources to maximize our income, it not only allows us to increase our ability to spend and save, but to GIVE as well. Joey and Russ conclude by stating that the goals we set in our stewardship are able to overcome the fear we may experience in finances. This is a wonderful episode to help everyone reflect on stewardship in all areas, financially, emotionally and spiritually.

How to maximize our ability not only to earn and save, but to give to others as well.

Why setting a goal for yourself can be so impactful to overcoming fear and keeping yourself on a path to achieve that goal.

How our thoughts reflect who we are and what we do, and how we can change those thoughts to live a more impactful life.

How do I get started with the Infinite Banking Concept - Book Review Part 12

This episode is all about answering the question: How do I get started with the Infinite Banking Concept (IBC)? Russ and Joey discuss how this is a process, all while pairing it with the "Capitalizing Your System and Implementation" chapter in R. Nelson Nash's book: Becoming Your Own Banker. While this answering this question, you'll need to find the right coach. This coach must possess all of the right criteria Russ and Joey lay out. This isn't just someone who can write an insurance policy. A coach needs to be someone who is also actively doing what they're preaching to you, while sharing their own success and failures. You also shouldn't have to settle for a coach who only checks on you once a year. IBC is a process, not a product.

How Desire is the most important attribute at this stage of the game.

How this whole concept is a Process, not a Product.

The criteria you should look for when finding your coach.

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.