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BEST OF: Michael Elefante - Finding Financial Freedom Through 6 Short-Term Rentals

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Michael believes that all it takes is one short-term rental to help set you financially free. How about 6? Michael shares his journey to financial freedom in just ONE YEAR by leveraging short-term rentals. He and his wife now own 4 properties in TN and 2 in FL and just moved into a $2 Million home in South Carolina and are expecting their first child this fall. We walk through how he selects properties, how he runs his numbers, how he funds them, what steps he take to maximize revenue on each property, and how you can do it too. He's an open book and willing to share his journey....just ask his 750K+ followers on Tiktok!

In this episode, hosted by Mike Swenson, we discussed:

  • Few people recognize the true opportunity of short term rentals.
  • You can start with short term rentals without even buying a property
  • Don't ask how much it costs to start, but rather ask how much you have then go deploy the strategy.
  • Short term rentals is to create a cool...
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BEST OF: Eric and Deven Wohlwend - From Legos to Millionaire By 16 Years Old



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Eric and Lila Wohlwend started out sleeping on a mattress on a warehouse floor. They educated themselves in real estate and taught it to their kids. Deven the oldest son, began real estate investing at the age of 7 with no money from his parents and became a millionaire and accredited investor before he could drive! The Wohlwend family has rehabbed and repositioned over a thousand units, grown multiple businesses, and authored a book - Family Success Triangle. In addition, the children started Millionaires In Training (MIT), a group of kids ranging from 160 members in 8 countries teaching kids and young adults how to become entrepreneurs. They do this and still spend half of their time traveling and speaking all over the world. They are the Real Power Family.

In this episode, you will be able to:

  • How Eric ended up selling his first house and flipping it
  • How Deven focused more on talking to people to learn something new which led him to start investing...
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Mike Swenson - How To Invest In A 20 Unit Property



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We are so excited to share that we closed on a 20 unit property! What excites us the most is that we got to have over a dozen people INVEST WITH US! These people wanted to passively invest in a property without having to do all the work themselves. They wanted to achieve economies of scale that they couldn't do on their own. They didn't want to have 100% of their income lost if 1 unit is left vacant on a single family home they rent out by themselves. Together we can do more! Tune in as we share details on the property, why it is advantageous for people to pair together, and how you can find deals like this moving forward. Do you have some money you want to put in a deal, but perhaps not enough to buy a property yourself? Don't buy the myth that you have to put in sweat equity to get started in real estate. Find someone you know and trust and you can experience passive real estate investing with your very first deal. Learn how to get started today!

In...

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Dave Foster - Tax-Free Investing Through The 1031 Exchange



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Dave made a 30k mistake on this first investment, a duplex in Denver, CO, one that ended up costing him over 200k in future missed opportunities. He learned that every real estate investor has a silent partner - Uncle Sam. If you're not careful, Uncle Sam can make more money than you do. But Dave soon learned the incredible value of tax-free savings through the 1031 exchange, which allowed him to buy a sailboat with his family down the road. Dave is a Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns. He's the author of "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange". Dave shares how a little bit of advance planning can keep all of your capital working for your own benefit and help you grow your portfolio faster - using your own tax dollars.

In this episode, you will be able to:

  • Discover how real estate investing can maximize money you can save...
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Whitney Elkins-Hutten - Investing In Car Washes & More



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Whitney Elkins-Hutten serves as the Director of Investor Education at PassiveInvesting.com, and national passive real estate investment firm that holds $1.4 Billion in assets under management. After making 52k after her first sale of real estate, nearly losing it all on her 2nd deal, she focused on how to grow her portfolio the right way. Today Whitney holds $800M in real estate including over 6,000 residential units, 1,400+ self-storage units, and is focusing on growing even more through investing in express car washes. She's focused on helping others grow Money For Tomorrow, which is the title of her book that will be coming out in 2024.

In this episode, Whitney shares how you will be able to:

  • Maximize your returns with passive investing in real estate.
  • Generate steady cash flow and build equity through real estate investments.
  • Achieve your financial goals by customizing an investment plan tailored to your needs.
  • Discover the numerous benefits of...
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Pip Stehlik - The Path From Family Grocery Business To Real Estate Mastery


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Originally looking to build a career as a stand up comic, Pip Stehlik (with the help of his wife) came to the conclusion there was a different path out there to make money and achieve their family's financial goals. He went back to the family grocery business, where he was miserable, until he attended a Zig Ziglar event in Omaha back in 2002. His attention quickly turned to real estate, where he bought 16 properties in 16 months. Since then, he's been able to do lease options, renovations, commercial, short term rentals, creative financing, and many other methods. Taking a page from Zig's book, he believes "You can have everything you want, if you just help enough other people get what they want." He's led from the stage, training and mentoring over 40,000 entrepreneurs in 18 different countries, as well as launching Pip's Path To Property, and company designed to help others achieve their goals in real estate investing.

 

In this episode, you...

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Sterling Griffin - Living In A Honda Accord To Millionaire In 2 Years



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With $250 in his pocket, Sterling Griffin decided to spend it on attending a life-changing Tony Robbins event instead of on rent, which began 5 months living out of his car in Los Angeles. By investing in himself and surrounding himself with other high achievers, Sterling turned an online fitness business to a 7 figure exit in less than 2 years. He then took that money and bought $26.5 Million of real estate in his first full year of investing with no outside investors by investing in medical real estate development. Hear Sterling share about his rapid accent and how he's utilizing his niche to achieve his investing goals over more traditional methods of multi-family syndications.

In this episode, you will be able to:

  • The importance of surrounding yourself with people that are going to lift you up and help you get to the next level of your career
  • How Sterling built and sold and online fitness company for 7 figures and used that to fund his real estate...
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Unlocking the Profit Potential: Financial Insights into Owning a Mobile Home Park

Many investors we talk to are very curious about investing in mobile home parks. What's the appeal? Why would someone want to consider investing in them? What's the operational strategy? How are their returns?

We had the opportunity to dig deeper into investing into mobile home parks, thanks to our interview we did with Derek Vickers. As CEO of Victory Real Estate Group and host of the MHP Show, Derek shares his journey from a $300 start in Florida to owning and operating 38 mobile home parks with over 1900 units.

 

The Mobile Home Park Opportunity

Mobile home parks present an intriguing investment opportunity due to their unique characteristics. Overall, the business is still relatively fragmented, with many mom-and-pop owners. This fragmentation creates opportunities for investors to find deals, especially with sellers offering financing.

One of the key factors contributing to the appeal of mobile home parks is the dwindling supply. Municipalities are...

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Josh Dobson - Mortgage Dad & Social Media Star



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As the real estate and lending market had changed, Josh Dobson knew he needed to adapt. While much of his mortgage business came from real estate agent referrals, he needed to pivot and get straight to the consumer. Insert @MortgageDadOf3. Through trial and error and adjusting his message to resonate with the consumer, and not seeing significant results for almost 18 months, Josh has now built a social media following of 115,000 on Instagram and 63,000 on Tiktok! He's dancing, he's educating, he's providing EDUTAINMENT! In addition to being a lender, Josh has also invested in single-family and small multi-family homes around his area of Modesto, CA. He bought his first house and turned it into a rental, and repeated that step a couple of times. Josh shares how he's helping consumers through his Highway To Home program so that each person has a path laid out to begin their journey of homeownership to help them build future wealth.

 

In this...

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Mike Swenson - Choosing Your Real Estate Investing Strategy



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When people first start looking at investing in real estate, inevitably they start thinking "How Do I Choose What To Invest In?" Today we're going to help guide you through that decision! We're going to walk through many of the popular investing strategies, help you do a self-assessment on your goals & resources available to you, and help you move closer to pursuing the investing strategy that's right for you. We'll touch on flipping, buy & hold, short term rentals, BRRRR, mobile home parks, self storage and more. We'll talk about the importance of running your numbers (with the help of a great deal calculator), doing due diligence, and pursuing partnership opportunities that are a fit. This is a great overview for a newer investor to help bring some more clarity on where they might want to go in the future.

 

In this episode, you will be able to:

  • Determine your real estate investing goals: Take some time to think about...
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