JC 084: Finding Balance with Cliff Hayden

February 12th, 2020 | no comments

Solving Problems and Creating Solutions in Real Estate and Life.

Cliff Hayden is a family man, real estate investor, broker-owner of Altec Properties, and founder of ShowMeTheRental.com, a unique online service that automates the most difficult part of property management: finding and screening qualified tenants.

Cliff knows the importance of finding the right balance of priorities in life, especially as a business owner. This quest for a more abundant life inspired Cliff to walk away from his fruitful career and into the often-chaotic world of real estate investing. As someone who’s personally struggled with this juggling act of business, life and family, Cliff understands how to manage the emotional, mental, and physical toll it can take on real estate investors, property managers, or landlords — whether it’s their full-time career or a side hustle.

Cliff Hayden joins John Carney today in The Real Estate Locker Room to talk about envisioning the successful life and business you want.

Key Points:

  1. No one will care about your properties more than you. Have a great staff and a great team in place and stay involved.
  2. Decide what kind of business and what kind of life style you want.
  3. Education and finding a mentor is key.
  4. Put your life 1st. Have themes for the day in your work life.
  5. Be grateful for what you have and don’t worry about what you don’t have.

Favorite Sport:

  • Jiu Jitsu

Favorite Athlete:

  • Emmitt Smith

 Favorite Authors/Podcasts:

  • Jack Miller – Author
  • Joe Rogan – Podcast
  • Tony Robins – Podcast

Pro tip:

  • Pay attention on how you talk to yourself. Have a vision of how you want your life to be.

Reach Out to Cliff Hayden:

  • showmetherental.com
  • cliff@showmetherental.com
  • showmetherental.com
  • 502-641-8781

Thank you Cliff for taking the time to share interchangeable life and real estate advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 083: Finding Your Grit with Keir Weimer

January 22nd, 2020 | no comments

Taking on Big Challenges and Calculated Risks.

Keir Weimer has a passion for taking early-stage ideas to market and growing teams, cultures, and businesses around them. Despite his success today, Keir’s journey was anything but easy. At the age of 23, he was convicted of vehicular manslaughter after causing a tragic boating accident that killed his friend.  Keir had to overcome life struggles and decided to become an entrepreneur.

Today, Keir is an internationally recognized, luxury real estate agent and team leader. He is also a successful real estate and lifestyle entrepreneur, having founded and grown several 7-figure businesses in the areas of luxury brokerage, investment, hospitality development, and now a multimedia company. Keir is considered an expert in these areas and has broken free from adversity with his unique life story. His success has been featured in major global media outlets such as the Wall Street Journal, The New York Times, Bloomberg, and Sotheby’s International Realty.

Keir Weimer joins John Carney today in The Real Estate Locker Room and discusses pulling yourself up from your bootstraps and learning how to list luxury properties.

Key Points:

  1. You will accomplish great things when you put your mind to something, create a mental road map, and are patient.
  2. Find your circle of support. Never give up on the vision and persevere until you reach it. Write it out, make it part of your daily routine, be accountable for it, and get to work
  3. In order to be successful, you must be willing to work through the obstacles and setbacks.
  4. Don’t be intimidated by big challenges. Try, don’t stop just because you don’t have experience. Build a vision, build a strategy that supports the vision, and take a calculated risk.
  5. Tips for getting started in real estate:
    1. Chart out a vision if you want to get started.
    2. Know your skillset.
    3. Find the people with the expertise you need.
    4. Work with mentors.
  6. Personal growth tip: Schedule time to be creative.

Favorite Athlete:

Favorite Books:

Pro tip:

  • “Don’t count time. Make time count.” – Mark Weimer

Resources Mentioned:

Reach Out to Keir Weimer

  • keirweimer.com

Thank you, Keir, for taking the time to share your story and life advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

JC 082: How to Invest in Notes with Jim Maffuccio

January 8th, 2020 | no comments

Generating Cash Flow with Real Estate Notes.

Jim Maffuccio, the Founder and Principal of Aspen Funds, leverages his 30 + years of real estate experience to deliver cash flow to his investors using a financial vehicle that many haven’t discovered. Jim has become an expert on mortgage notes and his investors earn high yields every month without the built-in volatility of traditional investment options.

In 2009, Jim began investing in mortgage notes. Three years later, with his investments proving to be secure, consistent, and highly profitable, he partnered with Bob Fraser to launch Aspen Funds. To date, Aspen has purchased over 1,000 loans in more than 35 states and grown to three separate funds in just over seven years.

Jim Maffuccio joins John Carney today in The Real Estate Locker Room to talk about mortgage notes as an alternative real estate investment.

Key Points:

  1. Think of note investment as rehabbing the documents instead of rehabbing the home.
  2. Win/win situation: set up the homeowner to succeed with an affordable mortgage payment and you (and/or your investors) will make money on the investment.
  3. To be an active investor in note investing means becoming a hard money lender. Passive investing is investing in a mortgage fund and letting them do the work, and receive a check every month.
  4. You must do your homework and vet any alternative investments. Investor beware! Do not be passive when vetting out opportunities.

Favorite Sport:

  1. Basketball
  2. Nova Skiing
  3. Bicycling

Favorite Athlete:

  • Patrick Mahone

Favorite Books:

Pro tip:

  • Never stop educating. Spend the money and go attend conferences.
  • Develop a skill and find out what you are really good at. Know what you are not good at and find the people who are then partner up with them. 

Reach Out to Jim Maffuccio

  • www.aspenfunds.us

Thank you, Jim Maffuccio, for taking the time to discuss how to make a profit by note investing with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

JC 081: Charging into the Mindset of a Real Estate Investing with Rod Khleif

December 12th, 2019 | no comments

Pushing Through Fear to Reach Your Goals

Rod Khleif is a passionate real estate investor who has owned and managed over 2,000 properties. As an accomplished entrepreneur, Rod has built several successful multimillion-dollar businesses.

Rod has combined his passion for real estate investing with his personal philosophies of goal setting, envisioning and manifesting success to become one of America’s top real estate investing professionals and teachers. He shares his techniques at his boot camp, podcast and website to help others achieve the right mindset to achieve high level success.

Rod Khleif joins John Carney today in The Real Estate Locker Room to dive into the mindset required to learn from mistakes and allow failures to fuel your goals.

Five Key Points:

  1. Clarity is power – Know exactly what you want and why you want it.
  2. A goal is not a goal until it is measurable. Put a time limit on each goal you make. Pick your number one goal and your top three one year goals, write down why it is a mustto achieve them and the regrets you will have if you don’t.
  3. Visualize what you want daily to give your brain direction.
  4. Everything starts from a place of gratitude. Never achieve a big goal without having another goal behind it.
  5. Success without giving back is not success. Give back what you can now! Don’t wait until you reach your goals.

Favorite Athlete:

  • Pelé

Favorite Books:

Pro tip:

  • Education and implementation.

Resources Mentioned:

Reach Out to Rod Khleif

Thank you Rod for taking the time to show us how to get into the right mindset to achieve and visualize goals with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 080: Investing in Manufactured Homes with Andrew Keel

December 2nd, 2019 | no comments

(Lonnie) Deals on Wheels

Andrew Keel is the founder of the Keel Team, LLC. He and his team currently manage 16 manufactured housing communities and are continuing to grow. Andrew uses his expertise to turn around under-managed, manufactured housing communities by utilizing proven systems to maximize occupancy while reducing operating costs, thus generating revenue.

The Keel Team specializes in bringing in mobile homes to fill vacant lots, implementing utility bill pay back programs, and improving overall management and operating revenue. The result of his efforts significantly boosts the asset value and net operating income of these communities.

Andrew Keel joins John Carney today in The Real Estate Locker Room to amplify your mobile home game.

Six Key Points:

  1. Do a Lonnie Deal. Buy a mobile home in a mobile home park nearby, put work into the home, and sell the structure but keep the lot so you can collect the lot rent.
  2. You will have immediate success when you “become the bank” and finance the home. Owning a mobile home plus the lot has tax benefits, depreciation schedules, and creates wealth.
  3. In mobile home parks, you can own the lot the home is on. The tenants can own the mobile home itself. Therefore you are not responsible for home upkeep as a landlord. The annual turnover rate for a mobile home community is only 5-6%.
  4. Be obsessed and you will be successful. Go all in with your passion and learn everything you can. Find a mentor and build your team so that you can advance to a higher level of real estate.
  5. Find an experienced operator and invest passively with them for your 1st deal to learn from the operator and the process.
  6. Review your goals daily. It will train your mind to create solutions and options in your business and everyday life.

Favorite Sports:

  • Football
  • Ironman
  • Triathlons

Favorite Athlete:

Favorite Books:

Pro tip:

  • Keep a healthy lifestyle.

Resources Mentioned:

Reach Out to Andrew Keel:

Thank you, Andrew, for taking the time to help us understand how to be successful in mobile home investments with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 079: Your Real Estate Portfolio in Your Pocket with Minesh Bhindi

November 13th, 2019 | no comments

Helping People Build Wealth with Real Estate

Minesh Bhindi has been a real estate investor since he was sixteen years old. He has leveraged his experience and knowledge to consistently achieve massive real estate success.Minesh and his father are the pioneers of a unique no-money down real estate transaction process in the UK. By eighteen, Minesh had completed his first independent real estate deal for three flats in the heart of London’s financial district, which netted him a cash-back on purchase of £68,000 and £250,000 in equity.

Minesh has built three companies to help investors implement the strategies that he has learned and successfully applied to acquire real estate, stocks, and gold and silver as income-generating assets.

Minesh Bhindi joins John Carney today in The Real Estate Locker Room to help us understand REITs and how to use them.

Five Key Points:

  1. The more you are prepared to walk away from a deal, the more it seems to chase you. The more real estate deals you have, the less attached you will feel to one particular deal. When you take the timidness out of your negotiation, it gives clarity to all of the parties involved.
  2. Diversify your real estate portfolio! Your investment doesn’t have to be a large multitude of physical properties. You can diversify in stocks and REITs and manage your real estate portfolio from your phone.
  3. Invest in REITs (Real Estate Investment Trusts) that are managed by proven experts that give investors a double layer of protection.
  4. Real estate is a great vehicle for investing. If you invest correctly, your investments will bear fruit. You need to own at least a few physical properties (brick and mortar) but also know your objective and how you want to use your investments. Then partner with someone who has experience and expertise.
  5. Suggested practice to stay focused in life and work: transcendental meditation and Cuban cigars.

Favorite Sports:

  • Soccer

Pro tip:

  • Start. Most people won’t start. If you are sitting there and not doing anything… that’s the problem. The quicker you can get to the starting point, the better it will be for you.

Reach Out to Minesh Bhindi

Thank you Minesh for taking the time to discuss diversifying your real estate portfolio with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 078: The Power of Networking with Nichole Stohler

November 4th, 2019 | no comments


How to Invest in Multi-Family and Hotel Real Estate 

While working full-time in the Technology Industry, Nichole Stohler and her husband have built a real estate investment firm with an impressive portfolio that includes multifamily, hotels and single-family residential properties. Learn more by tuning into Nichole’s podcast, The Richer Geek.

Nichole believes that it’s not only possible, but it’s essential that others in high-income roles find ways to make their money work for them.

Nichole Stohler joins John Carney today in The Real Estate Locker Room to share some of her proven real estate investing techniques.

Five Key Points:

  1. Learn from your failures.
  2. The power of networking. Build your network, develop your peers and learn from them. Ask questions and be open to opportunities. Find someone with expertise and partner up with them.
  3. Fundamentals are the same in regards to purchasing hotel vs multifamily. Look for the “value add”. Are you able to purchase for a great price and force the appreciation and increase the value?
  4. You have more options in generating revenue in a hotel space than in a multi-family property.
  5. Think about the opportunities hotels provide and how they can work in different spaces like the multi-family or Airbnb. I.e.- Advertising, covered parking, faster option of WIFI.

 

Favorite Sports:

  • Running/  working out with a trainer

Favorite Athlete:

  • Payton Manning

Favorite Books:

Pro tips (3):

  • If you accomplish your top 3 things, you’ve done with what you need to that day.
  • It will never happen if you don’t make it happen.
  • Find your local real estate Meetups and attend them!

Resources Mentioned:

Reach Out to Nichole Stohler:

Thank you Nichole for taking the time to emphasize the importance of networking and checking out opportunities with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 077: Working Smarter, Not Harder with Gary Boomershine

October 21st, 2019 | no comments

How to Think Like a Banker

With a family legacy in the real estate market and a long successful career in enterprise and emerging technology markets, Gary Boomershine had the vision for a business, RealEstateInvestor.com.

Gary capitalized on the opportunity to leverage people, processes and technology to gain a leg up in a cyclical, changing and competitive real estate marketplace. He experienced his real estate business flourish with technology that allowed him to work smarter – not harder and stay focused on the one thing that makes money, talking to sellers and making offers.

Tune into Gary and John’s conversation in “The Real Estate Locker Room” as they discuss the strategy for using your time and money wisely.

Five Key Points:

  1. Everything is cyclical, and the markets circle every 8-10 years. You can get “squished” at the turn of the market so you must change with it.
  2. High-risk investments are with rehabs right now. Wholesaling is a sound strategy right now until a change in the real estate market.
  3. Mindset: Think like a banker. The business model that banks use works. The banker is the person with power because they have the money and is the 1st to get paid.
  4. Gary’s current strategy: 1st position loans, backed by property he can see. Currently doing super low risk loans, takes a spread and invests in 401k.
  5. Cash Now: Single transition (whole seller, rehabber, flippers). Cash Flow: Building wealth (apartments, lending). Cash Later: When you achieve financial freedom. 

Favorite Sports:

  • Soccer

Favorite Books:

Pro tip:

  • 5/10/3 concept: Wake up at 5 am. Push the whole day out until 10 am (work out, read scripture, journal, clean & acts of service). 3 hours or work as a CEO in your business.

Resources Mentioned:

  • Hard Money Brokers

Reach Out to Gary Boomershine

Thank you Gary Boomershinefor taking the time to get us in the mindset to level up our real estate game.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

JC 076: Investing from Afar with Kevin Dhillon

October 2nd, 2019 | no comments

How to Manage Global Real Estate Portfolio

Kevin Dhillon started his real estate investing career in 2006, with a single-family home in Melbourne, Australia. He relocated to the United States in 2011 with his wife where they continued to expand their real estate portfolio.

Kevin’s passion for wealth creation through real estate allowed him to quit this job while still in his 20s and focus on investing full-time. His holdings include multifamily apartment communities, mobile home communities and triple net retail shopping centers across the USA in addition to residential and commercial real estate in Australia. Currently based in Singapore, Kevin is continually growing and expanding his property portfolio with like-minded investors through syndicated projects in the US.

Kevin Dhillon joins John Carney today in The Real Estate Locker Room to help others put their idle capital to use by investing in cash flowing US real estate.

Five Key Points:

  1. Go for something that will allow you to create momentum. Co-owning or co-investing may better align your incentives. This model allows other people to bring their investments to you.
  2. You need a great management team.
  3. Asset selection and asset type are just as important as selecting the right team. Quality over quantity.
  4. The type of asset will decide how close you need to be. Factories, retail spaces, or offices are easier to manage from a distance.
  5. Daily routine to stay focused: Prayer, splitting time being with family or working and work hard.

Favorite Sports:

  • Tennis
  • Soccer
  • Motorsports

Favorite Athlete:

Favorite Books:

Pro tip:

  • Look for the arbitrage play.

Reach Out to Kevin Dhillon:

Thank you, Kevin Dhillon, for taking the time to discuss managing a global portfolio with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 075: Self Directed IRA Investing with Brian Eastman

September 18th, 2019 | no comments

Diversify and Multiply Your Options

Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado. He has personally worked with thousands of independent investors over the years and has a deep understanding of the tax framework that governs self-directed retirement plans as well as how to actually implement such plans successfully in a variety of real estate-related transactions.

Brian has been investing in real estate personally with his self-directed plan for 15 years and has participated in sub-division development, flipping properties, rentals, lease options, and trust deed financing of various types of property.

Brian Eastman joins John Carney today in The Real Estate Locker Room to talk about liberating your tax shelter retirement money for real estate investing.

Five Key Points:

  1. You have the option of using your retirement money to invest in real estate instead of the stock market.
  2. Real estate is a tangible, manageable and controllable for the investors and offers consistent cash flow to grow their retirement savings.
  3. You may enter into various real estate syndications (i.e. crowdfunds) due to the regulations becoming more relaxed.
  4. The real estate markets are favorable to multifamily and commercial real estate due to increasing demand and opportunities.
  5. Daily habits that keep you focused as a real estate investor include regular exercise and maintaining a work life balance.

Favorite Sports:

  • Fencing

Favorite Athlete:

  • Magic Johnson

Pro tip:

  • Be mindful, take the time, rely on true expertise, think things through, and develop a business plan.

Reach Out to Brian Eastman:

Thank you Brian Eastman for taking the time to talk IRA investing with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019