Building Generational Wealth Through IBC and Multi-Family Real Estate with Larry Murray

Never give up. That has been the driving force for Larry Murray, founder of Ivory Wolf Properties, LLC which specializes in multi-family real estate investments. Before working with Joey Mure, Larry was like most people, working hard and saving every penny he could, but never really getting closer to his goal of financial freedom. He initially had hesitations about IBC because of its link to the insurance policy, until he met with Joey and heard what he had to say. And that became the genesis of his meteoric launch to success. In today’s episode, Larry will walk us through how he learned about IBC and how learning from the Wealth Without Wall Street community led him to become a successful real estate investor. His story is a testimony to the value of taking action and working with mentors to get you closer to financial freedom.

Education is one of the most powerful tools on your path to financial freedom

How IBC can help you finance your investment and huge purchases

How to set an excellent example for your kids and set them up for success

Larry

Larry Murray is the founder of Ivory Wolf Properties, LLC which specializes in multifamily real estate investments. He brings together teams of operators and investors to purchase a multifamily property, improve it and reposition it to generate long-term cash flow while providing quality affordable housing. Along with multifamily real estate investing, Larry is a decorated senior Captain with Montgomery County Fire and Rescue Services in Maryland. He also has experience as a licensed home inspector in Maryland and several years of experience working with contractors doing construction from the ground up, specializing in remodeling kitchens and bathrooms. He is a former Marine and former member of the Air National Guard. Larry is committed to helping other people. With this business, he works hard to help investors create passive income while at the same time providing quality affordable housing for residents in our properties.

Round Table | Is the Way You're Spending Your Time Getting You Closer to or Further From Financial Freedom?

“It’s not about how much time you have. It’s about how effectively you manage your time.” - R.L. Adams Are you paying attention to how you spend your time each day? Is the way you're spending your time getting you closer to or further from financial freedom? Not all tasks and events that demand your attention are equally important, and you can’t do everything, even if you want to. Hence, challenge yourself to prioritize doing the things that will help you achieve your financial goals. To do that, you have to be very clear about your plans. Today’s conversation is an eye-opener. Unlike other resources, we cannot replace time once it’s gone. And often, it’s too late when people realize what they have missed. So, take a closer look at what you do each day and see if those things are moving you closer to your goals.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - October 2021

Having multiple passive income streams allows you the freedom to choose how you want to spend your time. You no longer have to trade your time for money. It has been Russ and Joey’s goal to help others on their journey to financial freedom, which is why they've been sharing their monthly passive income report -- to encourage you to take action and start building your passive income. As they share their investments, they also share the challenges and lessons they’ve learned. If you're considering where to put your money, the biggest and most consistently profitable investment they have made is in the short-term rental economy. Take a look at the rest of their ventures as you enjoy another episode of the monthly passive income report. --- To learn more about land flipping, listen to two previous episodes: Why Land Flipping Is A Viable Option For Building Wealth And Generating Passive Income w/Mark Podolsky: https://www.wealthwithoutwallstreet.com/podcast/why-land-flipping-is-a-viable-option-for-building-wealth-and-generating-passive-income-w-mark-podolsky How to Earn $15K a Month Land Flipping with Sid Christensen: https://www.wealthwithoutwallstreet.com/podcast/how-to-earn-15k-a-month-land-flipping-with-sid-christensen

October 2021 Income At-A-Glance: Gross Income for October: $123,851.59 Total Expenses for October: $56,284.95 Total Net Profit for October: $67,566.64 Difference b/t October & September: $27,196.89 % of net profit to overall gross revenue: 55%

Round Table | How Are You Preparing for an Economic Crash?

With what's been happening for the last two years, the fear of economic collapse is rising. Although no one can predict precisely when the next recession will hit, we can be sure that we will experience an economic crash at some point. The question is, how are you preparing for it? This is the topic of today's conversation, so don’t miss out! You do not want to be left unprepared and unable to provide for your family when a recession happens. Painful as they are, recessions are a natural part of the business and economic cycle. But there are also opportunities waiting for those who are willing to take action. The best way to prepare is by being proactive. Take advantage of the practical takeaways in today’s episode.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Build a Real Estate Empire from Nothing with Roger Blankenship

If you’re listening to this show, then you’ve probably heard that real estate investing is one of the best ways to build wealth. But how can you get started when you don’t have enough money to buy your first properties? And what will you do if you run out of money? Today's guest, Roger Blankenship, will answer these questions and other concerns you may have about pursuing your path to wealth and leaving a lasting legacy. Roger is an author, educator, motivational speaker, business leader, and host of the real estate show “Flipping America.” He has personally flipped more than 2,000 houses. In addition, he has participated in hundreds of other real estate transactions. Roger also teaches the science and art of real estate investing through his mentoring program.

How to “dip your toe” into real estate

How to recover from temporary setbacks and not give in to despair

Determining what impact you'd like to have on other people

Roger

Roger Blankenship is the “Flipping America Guy.” He’s the host of the nationally syndicated real estate show, “Flipping America,” heard coast to coast three times every week with over 1.5 million listeners. He is an author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 2000 houses and has been a part of hundreds more real estate transactions. In 2020, he founded the Flipping America Real Estate Investors Association, which now has 31 local chapters across the country with over 12,000 members. This club holds weekly meetings throughout the year. Roger also founded the Flipping America Academy and Coaching Program, which teaches the science and art of real estate investing. His team buys property in more than 25 states in the US, develops technology products and analytical tools for investors, and conducts extensive market research. Learn more about all this at flippingamerica.net. --- Roger is also teaching the Flip Starter Course in January: https://flippingamerica.net/flip-starter/.

Round Table | What Role Does "Control" Play in the Path to Financial Freedom?

How much control do you have over your finances? Are your daily choices and decisions leading you closer to your goals, or do you feel trapped in a life that you did not choose? Whichever situation you find yourself in, know that you can access the same tools that the wealthy and successful use to build more wealth. Financial freedom looks different for everyone, but one common definition is that true financial freedom means you have control over your finances. Discover the role of control in the path to your financial freedom in today's conversation.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Turn Your Passion Into a 7-Figure Business with Tyler "Sully" Sullivan

Job security is a big lie. This is a harsh reality that some people realize a bit too late in life. You think you're safe because you're a great employee. Think again. This is exactly the rude awakening that Tyler "Sully" Sullivan faced. Tyler is the founder of BombTech Golf, an eCommerce store, and eCom Growers, which is a Platinum Certified Klaviyo Agency. Sully was fired from a job where he was a top performer. Bringing in 200% of the sales for this company didn't matter. He was fired a week before Thanksgiving, while his wife was pregnant with their first child. What happened next is something that you and I can learn so much from. So, let's hear the rest of Sully’s story in this week's episode of Wealth Without Wall Street.

Build a foundation off something you love

How to use available resources to build your brand

How to have conversations with people, validate your offer, and sell your product

Sully

Tyler "Sully" Sullivan is the founder of BombTech Golf, an eCommerce store with over $30 million sold online since 2012. In addition to Bombtech, he also runs eCom Growers, which is a Platinum Certified Klaviyo Agency. Over the years, Sully has come to learn the formula for running successful and profitable eCommerce businesses. He believes the best way to run a profitable business is to have honest conversations with customers and potential customers at scale. As a result, he is hyper-focused on customer experience and operating a lean business that doesn't just drive revenue but drives serious profit and cash flow. While bootstrapping BombTech, he faced the challenge of not having more cash to invest in ads. That is why he mastered email marketing. Most eCommerce store owners don’t know how much they are making from email or earn typically between 10-20%. At BombTech, email marketing brings in over 40% of the revenue. Bottom line, Sully loves eCommerce and loves seeing other eCommerce owners profit wildly.

Round Table | How Clarity Builds Passive Income

“If you don’t know where you’re going, any road will get you there.” This quote from Lewis Carroll is so true, especially when we talk about our life goals. One of today’s coaches gave a similar quote, “Know where you want to go; otherwise, you're not going to get there.” How can you choose the right path, when you don’t know where you are going? Until you can answer that question, you can’t say that one route is better than another. But how do we know for sure? The first step is to gain CLARITY -- know your WHY behind the WHAT. Then, you must envision what is to come and align your actions to achieve your goal. If you need help understanding how clarity can help you reach your financial goals, this episode will provide you with plenty of insight.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Finding Big Opportunity in Your Small Business with Garrick McCarty

"Timing is everything." This quote really resonates with returning guest Garrick McCarty. Garrick first appeared on the show in November 2019 and he’s here today to give us an update on his journey to financial freedom. When Garrick started out he tried multiple paths to build passive income but did not know which one to focus on. He got distracted with every new idea until a mentor told him about the big opportunity he was missing out on. Once it was made clear to him, Garrick went all in and optimized his business operations. His story reminds us how important it is to know your Investor DNA before pursuing your path to financial freedom. This is an episode you definitely don't want to miss! --- Listen to Garrick's previous episode: Episode 110: Unlocking My Mind and My Home Equity w/ Garrick McCarty

How to fail forward

Focusing your energy on the ONE BIG THING

Things to consider when planning your business strategy

Garrick

Garrick McCarty is a long-time listener of the podcast and a returning guest. He is also an IBC practitioner and a close friend of Russ and Joey. Garrick lives in Alabama with his beautiful family.

Round Table | How to Raise Capital to Get to Financial Freedom as Fast as Possible

Is it possible to participate in money-making ventures if you don't have the capital to begin with? You know the old saying, it takes money to make money? In this week's round table, you’ll learn a few different ways you can raise the capital to finance your ventures. It's a critical skill to learn, and it helps accelerate your journey to financial freedom. Once you learn how to raise capital, opportunities begin to present themselves all around you. A very important thing to remember is always to create a win-win-win scenario, whether you are using other people's money or you're the one investing in someone else's deal.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - September 2021

It's been over a year since Russ and Joey started sharing their monthly passive income report. From $3500 a month to their current earnings, we can see that they have come a long way. There were ventures that weren’t so successful, but the short-term rental and land business continue to bring in a huge chunk of their monthly income. Although this month's income is lower compared to August, earning $40,000 in passive income is still very motivating. What's more exciting about this month's report is the entry of Cousin Eddie the RV. So let's jump into the details of the September 2021 Passive Income Report and get more inspiration to start our own financial freedom journey. September 2021 Income At-A-Glance: Gross Income for September: $100,001.21 Total Expenses for September: $59,631.96 Total Net Profit for September: $40,369.75 Difference b/t September & August: ($28,186.24) % of net profit to overall gross revenue: 40%

Sign Up for the Short-Term Rental Mastermind Class: A 6-month MasterMind with End-to-End instruction for setting up your 1st Short-Term Rental and all the systems needed to grow it to 30+ units. https://www.wealthwithoutwallstreet.com/str-mastermind

Round Table | Do You Know What Your Investor DNA is?

How far off are you from reaching financial freedom? Do you have a clear plan on how to achieve it? No matter what stage you are in, it’s always good to be aware of the resources that are available to help you accelerate your journey. Our Financial Freedom Coaches are making the Investor DNA information accessible, so you can evaluate your personality vs. the type of investments that are best for you. This tool is a real game-changer. Find out how knowing your Investor DNA can impact your investment decisions and empower you as you pursue your path to financial freedom.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Finding Financial Freedom in Real Estate with Gary Boomershine

Real estate investing is arguably one of the best ways to build wealth. In this episode, we will hear the story of Gary Boomershine, CEO of RealEstateInvestor.com, the ultimate resource, and community for active real estate investors and agents. Gary has achieved the kind of financial success that allows him and his family to design their own lives and build a legacy for future generations. It takes great discipline and a conscious effort to achieve financial freedom. In Gary’s case, he makes sure his family is involved and thriving within the family economy. This is a truly inspiring conversation, so make sure you take note of these bits of wisdom. Here's one from Gary: If you're passionate and uniquely gifted, amazing blessings will come. --- Grab Your Free Copy The Freedom Code and other gifts: Text 9253200575 and type the words Without Wall Street

How to be creative in using the resources and talents that you have

How to move forward in the face of uncertainty

How to be a good role model for your kids

Gary

Gary Boomershine is the CEO of RealEstateInvestor.com, the ultimate resource, and community for active real estate investors and agents. He has 25 years of real estate experience, earning his real estate license at the age of 18. Gary came from an entrepreneurial family and he's teaching his kids to have the same mindset. By achieving financial freedom, they can choose to live life on their own terms. --- Learn how to think like a banker/lender, how to build a business that works for you, and the power of leverage: Visit - https://realestateinvestor.com/gary-gifts/

Round Table | Case Study: How Our Coach Mark Haruguchi Bought 48 ATMs and Why

Have you ever wondered what it might be like to have your own Automated Teller Machine (ATM)? Very few people know that the ATM business can be profitable. The opportunity for investment in this asset class can provide strong cash flow returns. It's a great source of passive income through depreciation. No wonder Coach Mark Haruguchi invested in not just one but 48 ATMs. But like every investment, you have to make sure you understand what the business is all about. First, you have to understand your Investor DNA to know what type of investments will work best for you. Listen to today’s round table to find out if the ATM business model is for you.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Earn $15K a Month Land Flipping with Sid Christensen

How would you like to take a vacation anytime you want without having to worry about rushing back because you have to go to work? What would you do if you had more free time and money to spend? Sounds like a dream, right? That's exactly what financial freedom is -- having the freedom to choose what you want to do because you enjoy doing it. Today's guest, Sid Christensen, is back on the show with his wife, Shalese. Together they share their journey to financial freedom. One of their biggest wins is that Shalese was able to leave her job as a nurse to spend more quality time with their two kids. Tune in to this episode to find out how you, too, can start your quest for a better life. --- Listen to Sid's previous episode: Episode 131: Taking Action Through Passive Income Streams W/ Sid Christensen: https://www.wealthwithoutwallstreet.com/podcast/taking-action-with-passive-income-streams-w-sid-christensen

Take the first step and continue moving forward

If you don't succeed at first, make sure to learn from your mistakes

Financial freedom is a goal that is best shared with your family

Sid

Sid’s goal has always been simple -- to provide a comfortable life for his family. While pursuing various interests and working a full-time job, he started his financial freedom journey by learning from mistakes made in investing. Soon after, he gained clarity on what financial freedom looked like and chose a passive income path that worked best for his needs. Venturing into land flipping, he immediately saw positive results, which allowed his wife, Shalese, to resign from her nursing job. Sid then established HCL HOLDINGS LLC, a family-owned land investing business that takes pride in finding the best properties for its buyers. Now they earn $15,000 a month in passive income, all while spending more quality time with their kids.

Round Table | Should I Pay Off My House to be Financially Free?

The concept of financial freedom may not be the same for everyone, and being debt-free does not necessarily mean you’re financially free. So, if you're thinking about whether or not to pay off your house mortgage quickly, you should know exactly what it is you want to achieve. You will own your house, but you’ll still need cash for your daily expenses. Perhaps the biggest reason to pay off your house quickly is to avoid the high cost of interest. Plus, no one should live with a hefty pile of debt. However, while it may make you feel good to pay off your house mortgage quickly, you might be missing out on other wealth-building opportunities like doing arbitrage or using leverage to increase your returns. This topic is what the coaches will discuss in today’s episode, so let’s hear their perspectives.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Convert Equity Into Cash with Matthew Sullivan

How do you get access to cash without incurring more debt? In today’s episode, we discover a new financial tool outside of IBC. It’s not a loan or reverse mortgage. Instead, it allows homeowners to turn their equity into cash with no interest and no monthly payments. Matthew Sullivan is the CEO and Founder of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. Matthew and his team have helped over a hundred homeowners use their home equity to pay off expensive credit cards, remodel their homes, pay college tuition fees, or diversify into other investments, all without taking on extra debt. Listen to this episode to find out how this system can benefit you.

How home equity agreement works

A new financial tool for both homeowners and investors

How to access cash without incurring additional debt

Matt

Matthew Sullivan is the CEO and Founder of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. He has a proven track record in real estate innovation through his experiences as Co-Founder of the Secured Real Estate Income Strategies Fund and as President and Founder of Crowdventure.com, a real estate crowdfunding company. Originally from London, Matthew worked with Richard Branson’s corporate finance team and was a director of the Virgin-sponsored London Air Ambulance. He is a helicopter pilot and also hosts his own podcast, “Hooked On Startups.”

Round Table | What Does The Cash Flow Quadrant Teach Us About Taxes?

Have you heard about Robert Kiyosaki’s The CASHFLOW Quadrant? It describes the four types of people according to how they earn money and pay taxes. The four quadrants are labeled E (Employee), S (Self-Employed), B (Business Owner), and I (Investor). E and S are on the left quadrants. They are those who trade their time for money. B and I are on the right side of the quadrant. They earn passive income and are financially independent. In terms of taxes, employees pay the highest percentage. The more money you make as an employee, the higher your tax bracket, and you have very few options to reduce your income through deductions. A lot of people are in this quadrant. Is this the quadrant you want to continue to be in? People on the right side of the quadrant have more flexibility with their time, money, and the taxes they pay. Find out how taxation works in today’s round table, and think about how you can move from being an employee to a business owner or an investor.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - August 2021

We’re down to the last stretch of 2021. So what do you wish to accomplish before the start of the new year? If you’re ready to begin your journey to financial freedom, listening to the monthly passive income report is a great place to start. As you hear about the challenges and opportunities in each venture, you might discover which investment opportunities are right for you. There are also inspiring stories from The Land Geek Bootcamp and some cool updates from Russ and Joey in today’s episode. So let’s jump right into the August 2021 Passive Income Report.

August 2021 Income At-A-Glance: Gross Income for August: $126,397.85 Total Expenses for August: $57,841.86 Total Net Profit for August: $68,555.99 Difference b/t August & July: $2,789.18 % of net profit to overall gross revenue: 54% --- Take advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall

Round Table | How Did We Start Over 20 Short Term Rentals in Under One Year

With the popularity of Airbnb and Vrbo, comes the opportunity for more people to become real estate investors. While the risks are high, the benefits of passive income are worth it. The most challenging part of the process is the initial setup. Afterward, you can outsource some aspects of the business, like dealing with guests, cleaning, and maintenance. You can also hire a property manager to do the work for you. Once you’ve got your processes in place, it's easy to sit back, relax and enjoy the fruits of your labor. Once you have a stable income from your first rental unit, finding your next 5 or even 10 units in most urban areas is very doable. There are creative ways to acquire properties, especially when you know how to use IBC to your advantage. Ready to look into the lucrative world of short-term rentals? Let’s learn from the individual experiences of our coaches in today’s conversation.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up