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Millennial Millionaire Real Estate Podcast#275 with Jonathan Farber: What's New And What I've Been Up To✏️ Bio & Podcast Show Notes📝
Getting your real estate license
New property management team
Increasing content output
Content collabs
Reentering wholesaling
✅ Resources
Succession
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Millennial Millionaire Real Estate Podcast#272 With Jonathan Farber: The Controversial Quote Explained About Not Being Free In Your W-2This personal episode was sparked by a post that Jon made in the Millennial Millionaire Through Real Estate Facebook Group.
The quote reads: "It doesn't matter if you make 1 million dollars per year.... If someone can tell you what to wear, what time to be at work AND can take it all away from you... You are not free.
Jon dives into his personal experience in regards to this quote and his opinion on this controversial topic.
✅ Resources
Book by Tim Ferriss: The 4-Hour Workweek
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Websit...2021-11-2221 min
Millennial Millionaire Real Estate Podcast#247 with Jonathan Farber: What's New & What I'm Focused OnResources:
Book by Dan Sullivan: Who Not How
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Millennial Millionaire Real Estate Podcast#242 with Jonathan Farber: What's New & What I'm Focused OnConnect With Our Sponsor, Infinite Road Destinations:
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Schedule a...2021-06-1117 min
Millennial Millionaire Real Estate Podcast#240 with Jonathan Farber, Josh Eitingon & Donato Settanni: Final Multi-Family Webinar With DXE & Raising 70 Million Dollars in Apartment BuildingsConnect With Our Sponsor, Infinite Road Destinations:
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Schedule a...2021-06-041h 07
Millennial Millionaire Real Estate Podcast#238 with Jonathan Farber: What's New & What I'm Focused OnResources:
How I Built This with Guy Raz | Podcast on Spotify
Book by Rolf Potts: Vagabonding
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BiggerPockets...2021-05-2820 min
Millennial Millionaire Real Estate Podcast#236 with Jonathan Farber: What's New and What I'm Focused OnResources:
calltools.com
propstream.com
podio.com
openlettermarketing.com
launchcontrol.us
slack.com
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Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook...2021-05-2117 min
Millennial Millionaire Real Estate Podcast#233 with Jonathan Farber: Episode from the Past With The One Thing PodcastResources:
Episode 220: How to Use The ONE Thing in Sales
Book by Gary W. Keller and Jay Papasan: The ONE Thing
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Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook...2021-05-1447 min
Millennial Millionaire Real Estate Podcast#228 with Jonathan Farber: What's New & What I'm Focused OnResources:
tim.blog/podcast
Book by Rolf Potts: Vagabonding
Book by Michael S. Hyatt: Free to Focus
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https://www.facebook.com/groups/860025821084224/2021-05-0712 min
Millennial Millionaire Real Estate Podcast#219 with Jonathan Farber: What's New & What I'm Focused OnResources:
sidecarhealth.com
ehealthinsurance.com
How to use your assistant properly to give you back 80% of your working day
Book by Peter Drucker: The Effective Executive
Book by Tim Ferriss: The 4-Hour Workweek
The Serpent
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Instagram: @jonjfarb2021-04-2420 minMillennial Millionaire Real Estate Podcast#214 with Jonathan Farber: What's New & What I'm Focused OnResources:
Connect With Our Sponsor, Infinite Road Destinations:
Contact Claire Rosenberg & Alex Breshears at: info@shorttermmadeeasy.com
Website: shorttermmadeeasy.com
Connect With The host, Jonathan Farber Here!
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2021-04-1624 minMillennial Millionaire Real Estate Podcast#210 with Jonathan Farber: What's New & What I'm Focused OnResources:
Book by Peter Drucker: The Effective Executive
Seaspiracy
Tony Robbins on Morning Routines, Peak Performance, and Mastering Money (#37 & #38)
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https://www.facebook...2021-04-0918 minMillennial Millionaire Real Estate Podcast#205 with Jonathan Farber: What's New & What I'm Focused OnResources:
buffer.com
loomly.com
How I Was Able to Leave Corporate and Achieve Financial Freedom at 27
Lighting for YouTube Videos - Make Your Videos STAND OUT!
If I Were Starting A YouTube Channel In 2021
Jonathan's fundraiser to conquer childhood cancer
Charisma on Command
Noah Kagan
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jonjfarber...2021-04-0220 min
Millennial Millionaire Real Estate Podcast#200 with Jonathan Farber & Claire Rosenberg: Reflecting on 200 Episodes & Favorite MemoriesIn this episode, Jonathan Farber and Claire Rosenberg reflect on 200 episodes of the Millennial Millionaire Real Estate Podcast. In this episode, we look back on topics like: tackling any challenge, why to start a podcast, practice makes better, and more!
Top Takeaways:
Everything is figure-outable - 29:00 - 30:15
You won’t know how to do anything the first time
Don’t let your fear of ignorance stop you from trying it
Starting will be the hardest part but the payoff at the end will be huge
The open secret of starting a po...2021-03-2634 minMillennial Millionaire Real Estate Podcast#197 with Jonathan Farber: The Big Move to Florida & Business UpdatesIn this episode, Jonathan Farber shares his thoughts on his move to Florida and recent business updates. In this episode, we jump into topics like: adapting to a more nomadic lifestyle, the smart way to expand your social media presence, Jonathan’s win of the week, and more!
Top Takeaways:
Insight into creating a nomadic lifestyle - 2:15 - 5:30
A change in scenery can create an almost magical transformation in your energy and creativity
Willfully shaping your days by where you choose to live has the power to make you more fulfilled
Many pl...2021-03-2012 minMillennial Millionaire Real Estate Podcast#193 with Jonathan Farber: What's New & What I'm Focused OnIn this episode, Jonathan Farber provides a look into what he’s thinking about in recent weeks. In this episode, we dip into topics like: living your best post-W2 life, putting together your remote property management team, learning to run your business, and more!
Top Takeaways:
Life after the W2 - 2:00 - 7:00
Leaving your corporate job won’t instantly tell you what you really want - it takes time to reflect
You have a lot more of that time though; you decide what you do with your days
Take advantage of your newl...2021-03-1221 minMillennial Millionaire Real Estate Podcast#189 with Jonathan Farber: Big Life Announcement & What's Next For MeIn this episode, Jonathan Farber talks about his recent departure from his W2, along with other updates. In this episode, we jump into topics like: should you leave your job starting when in real estate, optimizing your new STR, and more!
Top Takeaways:
Whether or not to leave your job when starting real estate - 10:00 - 13:00
The most efficient route is to use your W2 benefits to build cash flow for as long as possible
Especially during the pandemic, with remote work available you have extra flexibility
Get as many loans, refinances...2021-03-0526 minMillennial Millionaire Real Estate Podcast#184 with Jonathan Farber: What's New and What I'm Focused OnIn this episode, Jonathan Farber discusses some of his lessons on running your best business. In this episode, we look back on topics like: optimizing how you use your time, keeping track of your relationships, keeping yourself current in the real estate industry, and more!
Top Takeaways:
Making the best use of your time at work - 2:00 - 2:45
While you could probably do everything yourself, you would spend a lot more of your own time
For most of the things you’re involved in, you could probably do the key part and delegate th...2021-02-2623 min
Millennial Millionaire Real Estate Podcast#179 with Jonathan Farber & Claire Rosenberg: Reflecting on the Week & Always Refining SystemsIn this episode, Jonathan Farber and Claire Rosenberg catch up on the latest in their respective real estate adventures. In this episode, we reflect on topics like: STR cohosting lessons, finding vendors to use with STRs, getting the right education in digital marketing, and more!
Top Takeaways:
Lessons from developing a cohosting property - 5:15 - 7:45
If your contractors aren’t giving you the quality you want, address the cause of the problem
Maybe you need to provide more resources to clearly communicate what you want
Build a checklist that includes everything you wa...2021-02-1928 minMillennial Millionaire Real Estate Podcast#174 with Jonathan Farber: Persevering Through the Challenges & Everything Get's BetterIn this episode, Jonathan Farber gets into his recent experiences in standing up several new properties. In this episode, we look at topics like: sticking with a new objective, designing your systems for you, preparing your business to transact, and more!
Top Takeaways:
Persevering through the challenges of new endeavors - 2:00 - 3:15
Remember that everything you start is as hard as it will get
The more you do something the more you will learn and the easier it will get
If it helps you, develop a system for doing a new task...2021-02-1216 minMillennial Millionaire Real Estate Podcast#169 with Jonathan Farber: Why Short Term Rentals Are The Best Strategy to Scale & Debt to Equity TipsIn this episode, Jonathan Farber reveals some of his recent critical revelations for accelerating your portfolio with maximized returns. In this episode, we dive into topics like: the best way to get short term rental loans, limiting the debt in your name, and more!
Top Takeaways:
Intricacies of short term rental mortgages - 1:45 - 9:45
The basic concept is getting a second home loan to buy the property then get high returns
The downside to this loan type is they only show as debt, with no income initially
The power move is to...2021-02-0517 minMillennial Millionaire Real Estate Podcast#164 with Jonathan Farber: Working With Coaches to Buy Back Time & Building a Successful TeamIn this episode, Jonathan Farber reviews some of his most recent coaching hires and expanding his Airbnb arbitrage business. In this episode, we cover topics like: using coaches as a growing business, 12 Week Year coaching, scaling arbitrage in a new city, and more!
Top Takeaways:
Bringing in coaching on a continuous basis - 2:00 - 3:30
You can buy a lot of your time back if you’re willing to be trained in your new tasks
You could teach yourself, but think: is your time worth more than what you’d pay a coach?
Noti...2021-01-2915 minMillennial Millionaire Real Estate Podcast#160 with Jonathan Farber: The Value of Being Part of a Mastermind & How to Help More PeopleIn this episode, Jonathan Farber talks about his recent biz dev mastermind and some literary learnings. In this episode, we get into topics like: benefits of the mastermind, growing your content’s audience, reading Rocket Fuel, and more!
Top Takeaways:
How and why to create your own mastermind - 2:00 - 5:15
It doesn’t need dozens of people, a few friends with common goals can work just as well
Take a day or two to discuss your short, medium, and long term goals
The accountability that comes from explaining how your actions further your...2021-01-2215 minMillennial Millionaire Real Estate Podcast#156 with Jonathan Farber: Embracing the 12 Week Year to Take Massive ActionIn this episode, Jonathan Farber checks in with an update at the beginning of a new year. In this episode, we cover topics like: picking a 12 week year structure, getting life program coaching, current project happenings, and more!
Top Takeaways:
Choosing a structure for the 12 week year - 2:00 - 3:45
A 12 week year strategy can adopt either a week view or a day view
One challenge with existing templates is it uses a weekly timeline to lay out goals
This makes it difficult to implement an accountability scorecard
Utilizing a life...2021-01-1513 minMillennial Millionaire Real Estate Podcast#146 with Jonathan Farber: Planning for 2021. A Fresh StartIn this episode, Jonathan Farber covers what he’s looking at heading into the new year. In this episode, we discuss topics like: planning for 2021, keeping yourself pointed towards your goals, and more!
Top Takeaways:
Creating a plan for a new year - 3:30 - 9:15
Start every time with why am I doing this
Are your actions leading you to what you know will make you happy
What does your perfect day look like, and how can you make it your reality
How to keep yourself on track for your goals...2020-12-2527 minMillennial Millionaire Real Estate Podcast#141 with Jonathan Farber: Life Updates and Upcoming MastermindIn this episode, Jonathan Farber goes over six subjects that have been top of mind for him lately. In this episode, we jump into topics like: growing a wholesaling business, getting started with short term rentals, creating accountability through social media, and more!
Top Takeaways:
Building up the wholesaling business - 3:45 - 6:30
Finding off market leads consistently is at the heart of many successful real estate strategies
While the goal is to make money, the learning that comes with it is just as valuable
It may take time to get to your...2020-12-1820 minMillennial Millionaire Real Estate Podcast#136 with Jonathan Farber: Discussing my Favorite Strategy Right Now and Top of Mind ProjectsIn this episode, Jonathan Farber discusses his end of year activities and goal updates. In this episode, we jump into topics like: optimizing your lending, creating a process for turnover real estate, what to buy yourself for the holidays, and more!
Top Takeaways:
Maximizing lending capacity - 3:00 - 6:00
The two potential caps on lending are 10 loans or a high enough debt-to-income ratio
Taking on debt when you’re well positioned is a good way to hedge against the future
When starting a new job, for example, lendability drops dramatically for a time2020-12-1118 minMillennial Millionaire Real Estate Podcast#131 with Jonathan Farber: Overcoming the Challenges and Imperfections of Real EstateIn this episode, Jonathan Farber shares a story from a recent unsuccessful contract and explains what he’s thinking about going into 2021. In this episode, we dig into topics like: contract deal challenges, knowledge gained from experience, and more!
Top Takeaways:
Challenges in closing a 1031 exchange deal - 4:15 - 11:45
While inspections are expensive and not a guaranteed return, skimping on them is always a regret
Once you start to encounter major structural issues, costs will balloon dramatically
Always check that tenants or a property manager will be available to access units during in...2020-12-0423 min
Millennial Millionaire Real Estate Podcast#110 with Flip Zweig: Leaving his Corporate Sales Job to Completing Over 1000 TransactionsIn this episode, Jonathan Farber interviews Flip Zweig on his journey from leaving his corporate sales job to completing over 1000 transactions. Flip is a flipper, wholesaler, and vacation renter based in Chandler, Arizona. In this episode, we dig into topics like: exiting your W2, learning flipping the smart way, building deal streams, and more!
Top Takeaways:
Creating an exit from your W2 - 11:15 - 13:00
If you absolutely cannot stay in your job longer, find more income streams while you start investing
This will give you the confidence to stick with real estate long...2020-11-0534 min
Millennial Millionaire Real Estate Podcast#109 with Elliot Smith: Built a 6 Figure Business, Flipping 25 Homes a Year and Building a Solid Lead Generation ProcessIn this episode, Jonathan Farber interviews Elliot Smith on his road from working over 100 hours a week between his day job and real estate to rapidly expanding his real estate portfolio while traveling the world. Elliot is a flipper, wholesaler, and real estate educator based in the Pacific Northwest. In this episode, we dig into topics like: starting strong in real estate, finding leads on your own, building a sturdy flipping operation, and more!
Top Takeaways:
Taking effective first steps in real estate - 9:00 - 10:45
Your best bet for getting started is putting in...2020-11-041h 13
Millennial Millionaire Real Estate Podcast#108 with Jay Helms: How to Scale to 320 Units & Educating Others Along the WayIn this episode, Jonathan Farber interviews Jay Helms on his path from his first buy and hold investment to investing in over 320 units of various types and educating others along the way. Jay is an investor and educator based in Gulf Breeze, Florida. In this episode, we get into topics like: when to leave your W2, making smart investments during coronavirus, building a network in real estate, and more!
Top Takeaways:
Finding the right time to leave your W2 - 12:30 - 16:30
If you’re waiting for a sign, you’re ready to go already
...2020-11-0347 min
Millennial Millionaire Real Estate Podcast#107 with Stefanie Marshall: How to Scale to 160 Flips & 60 New BuildsIn this episode, Jonathan Farber interviews Stefanie Marshall on her road from her first flip as a rookie to completing more than 160 flips and new builds. Stefanie is a highly experienced flipper and developer from Chico, California. In this episode, we break down topics like: taking off in real estate flipping, getting your numbers straight, contractor best practices, and more!
Top Takeaways:
Starting off in flipping - 10:45 - 12:00
The first priority should be to build a team you can trust - you can’t do this alone
Other flippers are a fantastic resource in...2020-11-0236 min
Millennial Millionaire Real Estate Podcast#106 with Ken Wimberly: How to Build Multiple Streams of Income to Achieve Financial FreedomIn this episode, Jonathan Farber interviews Ken Wimberly on his journey from running into real estate as a restaurateur to developing a successful brokerage and many investments. Ken is a Texas based business owner and entrepreneur, using multiple streams of income to achieve his financial freedom. In this episode, we dive into topics like: analyzing real estate risk, the best way to get educated, getting out of email, and more!
Top Takeaways:
Risk assessment in real estate - 13:15 - 15:40
Knowing the actual worst case scenario can help you understand the real level of risk2020-10-3044 min
Millennial Millionaire Real Estate Podcast#105 with Glenn and Amber Schworm: How to Scale to 100 Flips Per YearIn this episode, Jonathan Farber interviews Glenn and Amber Schworm on their path from their disastrous first rental together to doing more than 100 flips per year. Glenn and Amber, from upstate New York, are primarily flippers but have experience across the real estate board. In this episode, we dig into topics like: types of lenders, challenges for rookie and expert flippers, getting a running start, and more!
Top Takeaways:
Understanding lending: private money vs. hard money - 16:45 - 20:00
Hard money comes from institutions - banks and other highly structured organizations
The overall process...2020-10-2943 min
Millennial Millionaire Real Estate Podcast#104 with Jacob Blackett: Tips for Maintaining Deal Flow & Building Successful RelationshipsIn this episode, Jonathan Farber interviews Jacob Blackett for part two of his real estate expertise. Jacob is a syndicator and software developer based in Columbus, Ohio. In this episode, we break down topics like: maintaining deal flow, growing your network organically, systems for managing your business, and more!
Top Takeaways:
Tips for creating deal flow - 17:00 - 21:15
You’re most likely to find success in the marketing channels no one else is using
Direct to owner is becoming more effective than it has been
There are more ways than you might im...2020-10-2836 min
Millennial Millionaire Real Estate Podcast#103 with Jacob Blackett: How to Scale to 1,200 Units and Building Successful Tools for SyndicationIn this episode, Jonathan Farber interviews Jacob Blackett on his journey from seeing a flipping infomercial in college to operating more than 1,200 units and creating a purpose-built tool for real estate syndication. Jacob is a syndicator and software developer based in Columbus, Ohio. In this episode, we dive into topics like: early flipping learnings, rookie wholesaling tips, multifamily vs. single family comparison, and more!
Top Takeaways:
Lessons learned in early flips - 18:30 - 20:00
Doing things by yourself as a rookie is a recipe for missing easy mistakes
Take an apprentice model and find...2020-10-2742 min
Millennial Millionaire Real Estate Podcast#102 with Curtis Eaton: How to Wholesale or Flip Any Home & Working a W-2 JobIn this episode, Jonathan Farber interviews Curtis Eaton on his path from a dead end career path to having several deals either closed or under contract despite being new to the game. Curtis is a wholetailer with a full time W-2 based in North Carolina. In this episode, we get into topics like: getting a running start, making yourself the go to, sorting your deal execution, and more!
Top Takeaways:
How to take a running start to real estate - 9:00 - 11:00
The BRRR strategy is a good place to start for maximizing value from...2020-10-2640 min
Millennial Millionaire Real Estate Podcast#101 with Jay Hinrichs: Getting his Real Estate License at 18 to Growing a Real Estate Empire Across the CountryIn this episode, Jonathan Farber interviews Jay Hinrichs on his road from getting his real estate license at 18 to growing a real estate empire across the country. Jay, based in Portland, Oregon, is a property expert who has worn as many hats as there are niches. In this episode, we break down topics like: how to start a real estate career, coronavirus opportunities, beginning investor mistakes, and more!
Top Takeaways:
Starting your real estate career from nothing - 31:00 - 35:00
Never rely on a single income stream
Use the wholesaling model to buy low...2020-10-2346 minMillennial Millionaire Real Estate Podcast#100 with Jonathan Farber: What I have Learned From 100 Podcast EpisodesIn this special episode, Jonathan Farber reflects on the first 100 episodes of the Millennial Millionaire Real Estate Podcast. In this episode, we review topics like: reaching financial freedom, finding your support, getting educated efficiently, and more!
Top Takeaways:
Financially freedom is attainable within 5 years - 2:30 - 3:30
Especially the type to listen to a real estate podcast
Housing and transportation are the two largest items for the large majority
Getting rid of them is most of the way there
Very few people can make it without help - 3:30 - 5:00
The...2020-10-2234 min
Millennial Millionaire Real Estate Podcast#99 with Jason Yarusi: How to Scale to 800 Units & Raising Money Effectively for DealsIn this episode, Jonathan Farber interviews Jason Yarusi on his road from a simple desire to reclaim his time to managing over 800 units. Jason is a large multifamily syndicator based in New Jersey. In this episode, we get into topics like: scaling from small to large multifamily, difficulties from large multifamily deals, why to focus on select markets, and more!
Top Takeaways:
Transitioning from small to large multifamily - 10:30 - 13:00
Bigger is not necessarily scarier
The bigger the building, the smaller the problem one vacancy becomes
As the property gets bigger, the...2020-10-2138 min
Millennial Millionaire Real Estate Podcast#98 with Tucker Merrihew: The Importance of Diversifying your Real Estate Strategy to Build Passive IncomeIn this episode, Jonathan Farber interviews Tucker Merrihew on his path from becoming a mortgage loan officer out of college to building a business across flipping, wholesaling, and new construction. Tucker is a real estate multisector master based in Oregon. In this episode, we break down topics like: the importance of building lead flow, growing your real estate construction capabilities, getting started the right way, and more!
Top Takeaways:
Why you must establish a source of leads - 16:45:00 - 19:00
The most crucial factor is to keep a flow of leads coming in
Whether...2020-10-2046 min
Millennial Millionaire Real Estate Podcast#97 with Ryan McKenna: How to Scale to 10,000 Units, 1 Billion in Deals and All Through SyndicationIn this episode, Jonathan Farber interviews Ryan McKenna on his journey from discovering real estate through a friend in college to managing syndications across more than 10,000 units. Ryan is a highly experienced syndicator based in Chicago, Illinois. In this episode, we get into topics like: setting goals as a beginning investor, growing your library of knowledge, how syndicators structure deals, and more!
Top Takeaways:
Setting goals at the start of your real estate career - 12:00 - 16:20
Short term and vacation rentals are a quality education and lucrative to boot
Classic single family rentals...2020-10-1944 minMillennial Millionaire Real Estate Podcast#96 with Jonathan Farber: The Importance of Week Planning and Day PlanningIn this episode, Jonathan Farber shares some of the insights he’s gained about weekly planning. In this episode, we dig into topics like: setting your goals, creating a weekly review, and more!
Top Takeaways:
Setting goals - 3:00 - 4:45
Setting your goals for different time horizons is an important starting point
Once you have goals laid out you have something to aim for
Reviewing these frequently makes sure they align with what you want
Designing your weekly review - 6:00 - 13:30
Start establishing key performance indicators (KPIs) that mark progress to...2020-10-1619 min
Millennial Millionaire Real Estate Podcast#95 with Al Williamson: How to Scale to 28 Units and the Benefits of Monthly RentalsIn this episode, Jonathan Farber interviews Al Williamson on his journey from starting a househack as a newlywed to operating 28 units as monthly rentals. Al is a rental investor specializing in furnished housing, based in Sacramento, California. In this episode, we get into topics like: finding your unfair advantage, why furnished housing, keeping a steady stream of demand, and more!
Top Takeaways:
Giving yourself your best shot - 14:00 - 18:00
When starting out you might as well give yourself a head start
Invest in markets where you have connections that you can rely on2020-10-1556 min
Millennial Millionaire Real Estate Podcast#94 with Justin Stamper: How to Scale to 500+ Flips & Best Practices to Work With ContractorsIn this episode, Jonathan Farber interviews Justin Stamper on his path from buying his foreclosed house back from its auction buyers to hosting a real estate flipping show on TV. Justin is a flipper with a broad spectrum of talents based in Orlando, Florida. In this episode, we break down topics like: using wholesaling to get started, finding the team that works, using the right people in your rehab, and more!
Top Takeaways:
Making money off little with wholesaling - 15:40 - 17:00
One type of wholesaling involves buying at auction then immediately selling to another...2020-10-1449 min
Millennial Millionaire Real Estate Podcast#89 with Andrew Cushman: How to Scale to 1800 Units and Building a Successful TeamIn this episode, Jonathan Farber interviews Andrew Cushman on his road from quitting his chemical engineering job to discovering house flipping to figuring out multifamily investing. Andrew is a flipper and multifamily investor based in southern California. In this episode, we break down topics like: switching to real estate full time, mentors and coaching in real estate, raising capital, and more!
Top Takeaways:
When to move to real estate full time - 9:30 - 12:00
Keeping your job while learning real estate is an excellent safety net
It can be exhaustingly difficult to do both...2020-10-0744 min
Millennial Millionaire Real Estate Podcast#88 with Zeona McIntyre: How to reach Financial Freedom in Two Years Through Short Term RentalsIn this episode, Jonathan Farber interviews Zeona McIntyre on her journey from discovering Airbnb while in school to building her financial freedom through short term rental. Zeona is an Airbnb and short term rental expert in Colorado. In this episode, we dig into topics like: real estate beginnings, choosing a market, improving your Airbnb analysis, and more!
Top Takeaways:
Getting started in real estate - 12:00 - 16:00
Househacking is a great start if you already own your home
You can utilize Airbnb for one bedroom if you live alone
Try getting out of...2020-10-0639 min
Millennial Millionaire Real Estate Podcast#87 with Devan McClish: Scaling to 21 Units and Building a Successful Property Managment BusinessIn this episode, Jonathan Farber interviews Devan McClish on his journey from starting off under the guidance of a successful mentor to having experience in a vast array of real estate niches. Devan is a multitalented investor based in Nashville, Tennessee. In this episode, we get into topics like: getting into real estate small, managing your own properties, utilizing creative financing, and more!
Top Takeaways:
Starting real estate with hardly any resources - 10:30 - 12:45
Find a developing neighborhood and look for run down, unattended houses
Write asks by hand and send them out...2020-10-0541 min
Millennial Millionaire Real Estate Podcast#86 with Tiffany Alexy: How to Househack, Scale to 12 Units & Build a Successful Brokerage BusinessIn this episode, Jonathan Farber interviews Tiffany Alexy on her journey from househacking as a senior in college to owning her own brokerage while investing with a growing team. Tiffany is an investor and broker based in Raleigh, North Carolina. In this episode, we break down topics like: breaking into real estate, understanding househacking, finding the right broker, and more!
Top Takeaways:
Starting real estate through househacking - 9:00 - 10:15
Financing for owner-occupants is much more accessible than for commercial (investment) loans
Other programs and incentives can bring down the price even more
...2020-10-0237 min
Millennial Millionaire Real Estate Podcast#85 with Steven Huang: Started Investing at Age 17 to now Owning and Managing 40 Doors by Age 25In this episode, Jonathan Farber interviews Steven Huang on his path from his first investment at 17 to managing nearly 40 doors by 25 while attending dental school. Steven is a multifamily out of state investor from Vancouver, BC. In this episode, we get into topics like: understanding the real estate flow, finding off market deals, putting in the right amount of rehab, and more!
Top Takeaways:
The real estate process - 13:45 - 15:15
Real estate isn’t magic
First find a deal and bring it under contract
Next comes financial due diligence, then physical due di...2020-10-0145 min
Millennial Millionaire Real Estate Podcast#84 with Alexandria Breshears: Discovering the Incredible Beneftis of Hard Money to Building a Private Lending BusinessIn this episode, Jonathan Farber interviews Alexandria Breshears on her road from discovering hard money lending at a REIA meetup to seizing a unique opportunity and creating her own private lending business. Alex is a private money lender based in Virginia on a mission to educate real estate investors. In this episode, we dive into topics like: building a private lending business, hard money vs. private money, making use of private lending, and more!
Top Takeaways:
Starting off in private lending - 11:00 - 14:40
Your first priority should be to decide what you want to...2020-09-3046 min
Millennial Millionaire Real Estate Podcast#83 with Mark Perlberg: How to Develop a Tax System to Enable Financial Freedom & Pay Little to No Tax for Real Estate InvestingIn this episode, Jonathan Farber interviews Mark Perlberg on his journey from his first exposure to real estate as a teacher to developing a tax system to enable financial freedom. Mark is a tax strategist recent investor based in Charlotte, North Carolina. In this episode, we break down topics like: FAQs on real estate tax, the tax benefits of real estate, understanding 1031 exchanges, and more!
Top Takeaways:
Real estate tax FAQs - 8:00 - 11:00
Create an entity for your properties or not?
LLCs are the simplest and most effective entities for basic rental property...2020-09-2940 min
Millennial Millionaire Real Estate Podcast#82 with Eugene Trowbridge: Managing Syndications for More Than 1000 Investors to Becoming a Securities LawyerIn this episode, Jonathan Farber interviews Eugene Trowbridge on his road from small time rental investor to managing syndications for more than 1000 investors to becoming a securities lawyer. Eugene is a real estate attorney with an extensive background as a syndicator, based in Orange County, California, but working across the country. In this episode, we dive into topics like: syndication law learning, regulation D, joint ventures, and more!
Top Takeaways:
Lessons from syndication law - 17:30 - 22:45
Go to an attorney once you have a letter of intent - nonbinding commitment to transact
Always...2020-09-2848 min
Millennial Millionaire Real Estate Podcast#81 with Omar Khan: Scaling to 1300 Units with $100 Million of Portfolio WorthIn this episode, Jonathan Farber interviews Omar Khan on his journey from a financial background with a real estate heritage to transacting over 1300 units. Omar is a multifamily investor and syndicator based in Ada, Oklahoma. In this episode, we discuss topics like: syndications as an early investor, building investor relationships, understanding key principals, and more!
Top Takeaways:
Syndications for the beginning investor - 11:00 - 13:15
Your network prior to real estate is an excellent tool for finding capital in existing relationships
Take advantages of the strengths you already have
Use your first few...2020-09-2540 min
Millennial Millionaire Real Estate Podcast#80 with Ryan Murdock: Creating Systems to be Completely Hands Off and Have Your Business Operate Without YouIn this episode, Jonathan Farber interviews Ryan Murdock on his journey from leaving his stable corporate W-2 job with a househack to killing it in real estate and achieving his financial freedom. Ryan is a multitalented real estate investor based in Hawaii whose key strategy is always adding value. In this episode, we delve into topics like: work life balance as an early investor, using leverage to grow your business, being a value-add person, and more!
Top Takeaways:
Managing your work against your life on the way up - 8:45 - 14:15
If you want to...2020-09-2443 min
Millennial Millionaire Real Estate Podcast#79 Douglas Larson: How to Build a Successful Real Estate Portfolio Without Sacrificing Your Desired LifestyleIn this episode, Jonathan Farber interviews Douglas Larson on his path from learning about real estate from a cassette box set to shaping his dream lifestyle with real estate as his tool. Douglas is a west coast renaissance investor who teaches how to live the life you want as a real estate investor. In this episode, we dive into topics like: starting real estate creatively, building your real estate career, networking smart, and more!
Top Takeaways:
Creative ways to break into real estate - 10:20 - 20:00
Find leads any way you can - the more...2020-09-2340 min
Millennial Millionaire Real Estate Podcast#78 with Engelo Rumora: Scaling His Turnkey Business to Achieve Financial FreedomIn this episode, Jonathan Farber interviews Engelo Rumora on his journey from learning real estate as a construction worker to running a comprehensive real estate solutions business. Engelo is a flipper, wholesaler, and turn key provider based in Toledo, Ohio. In this episode, we break down topics like: breaking through your first deal, starting investing the best way, getting your real estate education, and more!
Top Takeaways:
Jumping into your first deal - 11:30 - 15:00
Having a passion for what you’re doing is a sign that you’re on the right track
Spend the...2020-09-2246 min
Millennial Millionaire Real Estate Podcast#77 with Yonah Weiss: Building a Branding and Social Media Strategy to Scale Your Real Estate PortfolioIn this episode, Jonathan Farber interviews Yonah Weiss on his road from leaving teaching to pursue his passion for real estate to finding his niche in tax strategy. Yonah is a tax strategist specializing in cost segregation working in New York. In this episode, we get into topics like: understanding cost segregation, the cost segregation secrecy mystery, supercharging your business with social media, and more!
Top Takeaways:
What is cost segregation - 10:30 - 13:20
Cost segregation is an income tax deduction
The deduction takes the form of an advanced type of depreciation
Depreciation...2020-09-2141 min
Millennial Millionaire Real Estate Podcast#76 with Kaaren Hall: How to Reallocate Your Investments Outside the Standard Retirement or Savings AccountsIn this episode, Jonathan Farber interviews Kaaren Hall on her journey from becoming a Realtor to various real estate niches to managing over $500 million with her firm. Kaaren is a specialist in self-directed IRA and 401k helping clients reallocate their investments outside the standard retirement or savings accounts. In this episode, we dive into topics like: IRAs, 401k’s, overall investment strategy, and more!
Top Takeaways:
IRAs made easy - 9:45 - 11:45
An Individual Retirement Account lets you save for later
Think of it as a bucket to hold money for the future
Be...2020-09-1838 min
Millennial Millionaire Real Estate Podcast#75 with Tyler Austin: Scaling to 200K in Deals per Month with WholesalingIn this episode, Jonathan Farber interviews Tyler Austin on his journey from stepping out of work for the government to managing more than $200k per month in deals. Tyler is a wholesaler and marketing expert based in Fort Walton, Florida. In this episode, we dive into topics like: wholesaling explained, learning from experience, hyper-efficient marketing, and more!
Top Takeaways:
Understanding wholesaling - 9:00 - 11:45
Wholesaling is like any retail business - something is bought at a discount and resold
The extra work that comes with wholesaling is in the finding of the seller to...2020-09-1737 min
Millennial Millionaire Real Estate Podcast#74 with Christine Teh: Being Smart with Your Money & Prepared to Leave Your W-2 JobIn this episode, Jonathan Farber interviews Christine Teh on her road from her corporate finance job to her own business educating people on saving and making more money. Christine is a financial and personal business coach based in Las Vegas, Nevada. In this episode, we break down topics like: ejecting from your W-2, getting a business off the ground, personal finance fallacies, and more!
Top Takeaways:
Designing your W-2 exit ramp - 9:00 - 12:50
If you’re in a job with good pay and benefits use that as a launchpad
The stability of that jo...2020-09-1645 min
Millennial Millionaire Real Estate Podcast#72 with Antoine Campbell: Leveraging Virtual Assistants to Scale Your Business & Finding Off-Market DealsIn this episode, Jonathan Farber interviews Antoine Campbell on his journey from hiring his first virtual assistant to help with cold calling to running his entire business as a virtual enterprise. Antoine is a flipper, wholesaler, and buy and hold investor leveraging virtual assistants to run his business entirely virtually. In this episode, we dig into topics like: getting started with VAs, deciding how to delegate, implementing virtual leverage, and more!
Top Takeaways:
How to get started with virtual assistants - 10:10 - 11:10
Map out all the processes of the business to get a full...2020-09-1430 min
Millennial Millionaire Real Estate Podcast#71 with Josh Eitingon: Left his W-2 and Now Managing Hundreds of Units Under SyndicationIn this episode, Jonathan Farber interviews Josh Eitingon on his journey from building his first syndication while working a W2 to managing a few hundred units under syndication. Josh is an out of state multifamily syndicator based in Long Island, New York. In this episode, we dig into topics like: breaking into large multifamily, how to succeed in the multifamily space, principles of deal analysis, and more!
Top Takeaways:
Stepping into your first large deal - 9:00 - 14:30
Your network is one of your best resources for finding deals
As your network grows into...2020-09-1146 min
Millennial Millionaire Real Estate Podcast#70 with Daniel Weisfield: How to Scale to 30 Trailer Park Units in 3 YearsIn this episode, Jonathan Farber interviews Daniel Weisfield on his journey from his first venture into mobile home parks out of a corporate job to operating 30 parks in five states only three years later. Daniel is a mobile home park syndicator based in Oakland, California. In this episode, we dig into topics like: the benefits of mobile home parks, learning how to invest in mobile homes, getting started in mobile home investing, and more!
Top Takeaways:
What makes mobile home parks the ideal investment - 9:00 - 12:00
As one of the most affordable housing types...2020-09-1047 min
Millennial Millionaire Real Estate Podcast#69 with Jeff Greenberg: How to Raise Money for Student Housing Investments During CoronavirusIn this episode, Jonathan Farber interviews Jeff Greenberg on his path from syndicating his first 20 unit commercial deal to now operating over 1000 units. Jeff is a multifamily, student housing, senior housing, and self storage multistate syndicator operating from Camarillo, California. In this episode, we get into topics like: raising cash with little experience, syndications vs. joint ventures, determining your markets to search, and more!
Top Takeaways:
Raising $350,000 with no experience - 10:30 - 14:30
Your established professional network can be a great resource if you express your passion
Real estate meetups can be a surprisingly...2020-09-0945 min
Millennial Millionaire Real Estate Podcast#68 with Chase Craddock: Scaling to 40 Wholesaling Deals in Just 16 Months by Age 23In this episode, Jonathan Farber interviews Chase Craddock on his road from his first deal with only $2500 to transitioning into multifamily for consistent cash flow. Chase is a Louisville, Kentucky wholesaler with around 40 deals done in the first 16 months. In this episode, we dig into topics like: why wholesaling, how to get started, automating your wholesaling process, and more!
Top Takeaways:
Benefits of wholesaling - 10:45 - 11:30
Wholesaling can be accessible because it scales with your budget
You can be the source of the leads and the work
Driving for dollars, cold calling...2020-09-0845 min
Millennial Millionaire Real Estate Podcast#67 with Jason Bott: Talks About How Insurance Works in Real Estate and What is the Cheapest Kind You NeedIn this episode, Jonathan Farber interviews Jason Bott on his unique insight gained on the path to insuring several hundred clients nationwide through his firm. Jason is an insurance specialist based in Milwaukee, Wisconsin. In this episode, we break down topics like: the biggest misunderstanding, getting started with insurance, types of policies, and more!
Top Takeaways:
The number one real estate insurance misunderstanding - 7:00 - 8:30
Commercial policies are much more flexible than homeowners’
This means a lot more risk is carried than in a traditional home policy
This is why it’s impo...2020-09-0751 minMillennial Millionaire Real Estate Podcast#66 with Bill Allen: How to Flip 200 Homes a Year with Former Navy Pilot - Bill AllenIn this episode, Jonathan Farber interviews Bill Allen on his road from first dabbling in buy and hold rentals to finding his stride in high volume flipping. Bill is a Nashville, Tennessee based flipper and wholesaler turning nearly 200 deals a year with his team. In this episode, we get into topics like: breaking your barrier to real estate, how to scale to the size you want, growing your real estate business, and more!
Top Takeaways:
Pushing past failure and finding your feet - 13:15 - 17:00
Even after what may seem like an astronomical loss, success...2020-09-041h 27Millennial Millionaire Real Estate Podcast#65 with Beth & CJ Moss: Power Couple Doing 40 Wholesale Deals a Year & Driving for Dollars to Achieve Financial FreedomIn this episode, Jonathan Farber interviews Beth and CJ Moss on their journey from their first parent-cosigned duplex to wholesaling more than 40 deals a year. Beth and CJ are real estate investors and problem solvers based in Boston, Massachusetts. In this episode, we break down topics like: failing forward, grinding for deals, finding deals step by step, and more!
Top Takeaways:
The fail forward mindset - 12:45 - 15:15
As long as you keep making progress, you’ll keep getting closer to your goal
The only thing that can keep you from succeeding is quitting2020-09-031h 04Millennial Millionaire Real Estate Podcast#64 with Tyler Jensen: Scaling to 40 Flips a Year with Incredible ProcessesIn this episode, Jonathan Farber interviews Tyler Jensen on his journey from his first flips with his father to flipping 40 houses a year working four days a week. Tyler is a flipper operating in Salt Lake City, Utah. In this episode, we break down topics like taking your first steps into real estate, structuring a private money flip, balancing planning and execution, and more!
Top Takeaways:
Getting your feet wet in real estate - 16:10 - 22:45
Handwritten letters to a notice of default are cheap but take time
Helping someone who’s stuck under an...2020-09-021h 01Millennial Millionaire Real Estate Podcast#63 with Antoine Martel: Scaling to 15M in Multifamily Assets & 100 Flips a Year by Age 25In this episode, Jonathan Farber interviews Antoine Martel on his path from his first flip on a hard budget of $40,000 to controlling $15 million in multifamily assets and doing 100 flips a year. Antoine is a multifamily and turnkey flipper from Los Angeles. In this episode, we dive into topics like real estate growth strategies, why to start with turnkey real estate, scaling into new markets, and more!
Top Takeaways:
Antoine’s main strategies for growth - 9:00 - 10:15
Primary strategy with a small portfolio is BRRRR - 1 to 10 houses
Buy, Rehab, Rent, Refinance, Repeat
Th...2020-09-0143 minMillennial Millionaire Real Estate Podcast#62 with Leanna Haakons: How You Can Become Financially Free Investing Outside of Real EstateIn this episode, Jonathan Farber interviews Leanna Haakons in a unique episode that focuses on newcomers to the real estate market. Leanna is a sales and marketing entrepreneur helping businesses connect to all types of investors. In this episode, we dig into topics like building a portfolio, determining your best investment, finding the best mortgage, and more!
Top Takeaways:
Building a portfolio of investments - 9:20 - 20:20
The best place to start is with any free money from your employer
Your investment classes should align with your goals
The time and energy you...2020-08-311h 13Millennial Millionaire Real Estate Podcast#61 with Rachel Richards: Retired at 27 & Living Off of $15k of Passive Income per MonthIn this episode, Jonathan Farber interviews Rachel Richards on her journey from buying her first duplex 3 years ago to retiring at 27 to live off of $15k of passive income per month. Rachel is a bestselling author and small multifamily investor in Denver, Colorado. In this episode, we get into topics like: getting through the first deal, finding deals as a new investor, managing property remotely, and more!
Top Takeaways:
How to get that first deal done - 7:45 - 10:30
It is doable to get your operation off the ground while working full time
The...2020-08-2850 minMillennial Millionaire Real Estate Podcast#60 with Justin Silverio: The Best Direct Mail Campaigns to Reach Off-Market Sellers/Owners Most EffectivelyIn this episode, Jonathan Farber interviews Justin Silverio on his journey from finding his fit in flipping to running a highly efficient real estate and construction business. Justin is a flipper, wholesaler, and builder in Boston. In this episode, we dive into topics like working with contractors, knowing when to leave your W-2, jumping into direct to seller, and more!
Top Takeaways:
Top tips for working with contractors - 15:15 - 16:30
A referral is the best way to find talent
When forging a new relationship, walk through their current projects with them
Get...2020-08-2753 minMillennial Millionaire Real Estate Podcast#59 with Travis Watts: Leaving Your W-2 & Scaling to 30 SyndicationsIn this episode, Jonathan Farber interviews Travis Watts on his road from turning his stock market cashout into his first home to having partnered in over 30 syndications to date. Travis is a single-family, multifamily, and vacation rental passive investor spreading the benefits of the real estate world. In this episode, we break down topics like making use of the current market, finding the right syndication, starting off right as a syndicator, and more!
Top Takeaways:
How to make the best use of this unique time - 10:30 - 14:20
Keep in mind that you need capital...2020-08-2657 minMillennial Millionaire Real Estate Podcast#58 with Zach Hoereth: Scaling to 35 units in 4 Years by Age 23In this episode, Jonathan Farber interviews Zach Hoereth on his road from his first single-family purchase to acquiring over 35 units in only four years. Zach is a broker and real estate investor based in Indianapolis, Indiana. In this episode, we get into topics like taking the plunge, pairing brokering with investing, networking effectively, and more!
Top Takeaways:
How to get out of your head and get started - 23:00 - 29:30
You have to accept that some things will only be learned by experience
It’s good to have an ambitious goal, but don’t let...2020-08-251h 04Millennial Millionaire Real Estate Podcast#57 with Jonna Weber: Mastering Buy and Hold Investing and Building Your TeamIn this episode, Jonathan Farber interviews Jonna Weber on her road from diving into real estate at the bottom of the recession to developing a strategy for buy and hold investing that has held for more than a decade. Jonna is a broker and investor that specializes in working with out-of-state investors and buyers in Boise, Idaho. In this episode, we talk through topics like growing your properties, finding the right deals, self-managing, and more!
Top Takeaways:
How to grow beyond your first few deals - 14:30 - 18:00
If you are committed to being your...2020-08-241h 07Millennial Millionaire Real Estate Podcast#55 with David Allen: The Best Productivity System to Getting Things DoneIn this episode, Jonathan Farber interviews David Allen on his 35-year journey from dissatisfied job-hopping to a well-renowned productivity expert whose principles are applied worldwide. David is a thought leader on productivity and personal management coach based in Amsterdam. In this episode, we break down topics like identifying your projects, prioritizing your list, moving towards completion, and more!
Top Takeaways:
Keeping track of all your “projects” - 17:30 - 20:15
No matter what you call it, a project is something you want to realize in the world
Once you’ve defined a project, identify what you ca...2020-08-201h 00Millennial Millionaire Real Estate Podcast#54 with Seth Ferguson: Scaling Your Syndication Strategy to $50M in AssetsIn this episode, Jonathan Farber interviews Seth Ferguson on his journey from aspiring NHL referee to major multifamily real estate syndicator. Seth is a real estate communicator and investor in Ontario, Canada, currently with around $50 million in assets under syndication. In this episode, we break down topics like the professional real estate mindset, getting ready for multifamily investing, partnership agreements, and more!
Top Takeaways:
Getting into the professional real estate mindset - 13:00 - 16:00
Investing with capital growth in mind allows rapid scaling
Deep familiarity with your market will give you an edge over...2020-08-1940 minMillennial Millionaire Real Estate Podcast#53 with Gino Barbaro: Buying and Holding Multi-Family Value Added PropertiesIn this episode, Jonathan Farber interviews Gino Barbaro on his journey from self-funding his first 25 door building to reaching more than 1000 units and starting to syndicate deals. Gino is a buy and hold, multifamily, value add investor in Jacksonville, Florida. In this episode, we dig into topics like understanding real estate, handling your first deal, finding the right partner, and more!
Top Takeaways:
The three pillars of real estate - 16:15 - 20:20
Understand the market cycle - are you in a buyer’s or seller’s market
Know your exit strategy - how are you...2020-08-1855 minMillennial Millionaire Real Estate Podcast#52 with Slocomb Reed: Househacking to Holding Over 40 UnitsIn this episode, Jonathan Farber interviews Slocomb Reed on his path from house hacking his first quadplex to holding over 40 units either himself or in partnerships. Slocomb is a Realtor and buys and hold investor based in Cincinnati, Ohio. In this episode, we dive into topics like building your real estate team, finding the path of progress, scaling your operation, and more!
Top Takeaways:
How to build your real estate team from the ground up - 14:30 - 18:15
The best place to start is where the experienced investors are
Platforms like BiggerPockets are perfect...2020-08-171h 08Millennial Millionaire Real Estate Podcast#51 with Glenn McCrorey: Scaling to 70 Properties & Tenants that Stay for YearsIn this episode, Jonathan Farber interviews Glenn McCrorey on his journey from Delta Airlines mechanic to holding nearly 70 properties in a portfolio started after 40. Glenn is a landlord to nonprofits providing for the disabled in Cedar Rapids, Iowa. In this episode, we unpack topics like making your money work for you, investing sustainably, working with nonprofits, and more!
Top Takeaways:
Putting your money to work - 11:30 - 25:00
When you find a financial opportunity, take it and make your money work for you
Saving for your first investment takes time but is a chance...2020-08-141h 02Millennial Millionaire Real Estate Podcast#50 with Neal Bawa: The Best System for Analyzing Properties and Working with Virtual AssistantsIn this episode, Jonathan Farber interviews Neal Bawa on his journey from discovering the benefits of real estate investing to building a business holding over $265 million. Neal is a technologist turned real estate syndicator operating from the Bay Area, running over 2,000 units. In this episode, we break down topics like choosing a market, deciding when you know enough, getting boots on the ground, and more!
Top Takeaways:
How to choose your market - 16:15 - 24:45
Don’t just base your decision on one person’s testimony
Rely on tangible metrics to choose your market
...2020-08-1359 minMillennial Millionaire Real Estate Podcast#49 with Logan Freeman: The Path to Syndicating Large Commercial RehabsIn this episode, Jonathan Farber interviews Logan Freeman on his path from jumping into his first flip to syndicating large multifamily affordable housing projects. Logan is a Kansas City based syndicator who has moved into large scale commercial rehabs. In this episode, we dive into topics like: getting your first deal done, the benefits of commercial real estate, balancing research with execution, and more!
Top Takeaways:
How to break into your first deal - 14:30 - 18:40
Having a little bit saved up is always a good place to start
Get on BiggerPockets and tap...2020-08-121h 09Millennial Millionaire Real Estate Podcast#48 with Jesse Fragale: How to Utilize Social Media to Scale Your Real Estate BusinessIn this episode, Jonathan Farber interviews Jesse Fragale on his path from his first house hack in college to crafting a nationwide portfolio across Canada. Jesse is a real estate agent and investor in Toronto utilizing social media to drive his business. In this episode, we delve into topics like investing in multifamily real estate, networking to boost your business, growing your network through content creation, and more!
Top Takeaways:
How to start investing in multifamily real estate - 26:00 - 33:45
Determine your goals and your desired level of involvement
Get boots on the...2020-08-111h 08Millennial Millionaire Real Estate Podcast#47 with Amanda Han: Tax Strategies for Building Wealth FasterIn this episode, Jonathan Farber interviews Amanda Han on her journey from a big tax firm to her own tax advising business that caters to tax strategy for real estate investing. Amanda is an Orange County-based real estate tax expert who uses entity structuring, self-directed investing, and income offset opportunities to help her clients build wealth faster. In this episode, we get into topics like investing considerations, getting smarter about investing, tax mistakes to avoid, and more!
Top Takeaways:
What to consider when entering an investment or partnership - 30:30 - 32:45
What is your exit...2020-08-101h 13Millennial Millionaire Real Estate Podcast#46 with Cory Binsfield: Buy and Hold BRRRR Investor and Scaling to 100 UnitsIn this episode, Jonathan Farber interviews Cory Binsfield on his path from his first triplex to achieving financial freedom through holding more than 100 units. Cory is a buy and holds BRRR specialist based in Duluth, Minnesota. In this episode, we get into topics like: staying eligible for financing, picking the right lender, avoiding analysis paralysis, and more!
Top Takeaways:
How to make sure you remain eligible for financing - 14:00 - 16:30
The key to continuing expanding is to keep properties cash flowing
As long as you can keep a debt coverage ratio above 1.25 you’re...2020-08-071h 11Millennial Millionaire Real Estate Podcast#45 with William Barnard: Building your Flipping Business & Working with Seven Figure PropertiesIn this episode, Jonathan Farber interviews William Barnard on his road from persisting to his first deal cofinanced by his parents to flipping seven figure properties in Los Angeles. Will is a high-end luxury flipper now moving into construction. In this episode, we jump into topics like: out-of-state investing pitfalls, building a team, investing remotely, starting off in flipping, and more!
Top Takeaways:
Mistakes to avoid when investing out-of-state - 14:30 - 18:40
Make a realistic appraisal of operating costs
Decide your real estate strategy before starting to make transactions
If you’re looking fo...2020-08-061h 19Millennial Millionaire Real Estate Podcast#44 with David Krulac: Scaling to 1000 Real Estate Transactions and Making 8 Figures Over the Course of His CareerIn this episode, Jonathan Farber interviews David Krulac on his journey from buying his first property at auction to a major real estate investor. David has nearly 1000 transactions under his belt and has made 8 figures over the course of his career. In this episode, we get into topics like: finding real estate at auction, finding reliable contractors, understanding auctions, and more!
Top Takeaways:
How to find real estate at an auction - 21:10 - 24:40
If possible, see the property before bidding
Gas heat is the preferred option
Take a contractor with you to...2020-08-051h 14Millennial Millionaire Real Estate Podcast#43 with Rob Bergeron: Finding off Market Deals and Working With Out of State Investors to Buy Cash Flowing AssetsIn this episode, Jonathan Farber interviews Robert Bergeron on his road from leaving an unfulfilling job in sales to developing a thriving real estate community around his area. Rob is a Louisville, Kentucky based Realtor who specializes in finding off-market deals and working with out-of-state investors to buy cash-flowing assets. In this episode, we break down topics like investing out-of-state, maximizing renovation value, adding value, and more!
Top Takeaways:
How to start investing out-of-state - 27:45 - 36:30
Evaluate industry in the market you’re looking at
Figure out what type of construction is happening; if...2020-08-041h 31Millennial Millionaire Real Estate Podcast#42 with Ben Kogut: Scale Your Syndication Portfolio to $225M and Effective Strategies to Raise CapitalIn this episode, Jonathan Farber interviews Ben Kogut on his path from not knowing what to do out of college to raising capital for commercial syndications on a monthly basis. Ben is a real estate syndicator currently handling over 225 million dollars in property from Austin, Texas. In this episode, we get into topics like adding value to syndication, getting started as a syndicator, raising capital, and more!
Top Takeaways:
How to add value to a syndication - 30:00 - 32:30
Connecting to people with wealth that they’re looking to invest
Find deals that meet so...2020-08-031h 04Millennial Millionaire Real Estate Podcast#41 with Gary Hadida: Getting Started in Short Term Rental Arbitrage With Very Low DownIn this episode, Jonathan Farber interviews Gary Hadida on his journey from becoming a 10 thousand dollar shoe entrepreneur at 14 to operating seven properties as Airbnb vacation rentals by 21. Gary is a real estate agent and an Airbnb arbitrage investor in Florida. In this episode, we unpack topics like prospecting for short term rentals, furnishing, decorating, and more!
Top Takeaways:
Finding prospects in a vacation market - 27:20 - 32:20
Use resources to find properties that have been on the market for a while
The longer it’s been on the market, the easier it will be...2020-07-301h 02Millennial Millionaire Real Estate Podcast#40 with Seth Williams: How to Get Started in Real Estate with Buying and Selling LandIn this episode, Jonathan Farber interviews Seth Williams on his road from his first foray into land investing to building a full-time income with part-time hours through land investing. Seth is a Michigan based land investor with experience applicable to buy and hold as well as multifamily investors. In this episode, we get into topics like: leaving a W-2, the benefits of seller financing, developing a land process, and more!
Top Takeaways:
How to transition from a W-2 to real estate investing - 13:45 - 18:10
Keep trying different strategies until you find one that works...2020-07-291h 12Millennial Millionaire Real Estate Podcast#39 with Mike Simmons: Your Go to Guide for Getting Started in Wholesaling and FlippingIn this episode, Jonathan Farber interviews Mike Simmons on his journey from blue-collar, to white-collar, to flipping, to wholesaling more than one hundred properties per year. Mike is based in Michigan, focusing on wholesales and flips. In this episode, we break down topics like calculating ARV, calculating reno costs, building relationships with contractors, and more!
Top Takeaways:
How to calculate your ARV - 25:45 - 32:20
The best ARV is from the MLS
Will only get an accurate ARV based on renovated, updated houses
Connect with a Realtor that knows your area
Combine...2020-07-231h 38Millennial Millionaire Real Estate Podcast#38 with Russell Brazil: How to be an A+ Landlord and Spend Only 15-30 Minutes a Month Self ManagingIn this episode, Jonathan Farber interviews Russell Brazil on his path from a full-time job in the healthcare industry to a full-time real estate investor. Russell is a thought leader in the real estate investing space, utilizing BiggerPockets and other platforms to grow his business. He currently has 13 units under self-management. In this episode, we dig into topics like taking advantage of opportunities, building a rental portfolio, deciding if you should self-manage, and more!
Top Takeaways:
How to capitalize on opportunity - 12:45 - 15:15
Cash reserves are vital
Being able to not just weather...2020-07-211h 05Millennial Millionaire Real Estate Podcast#37 with Pancham Gupta: Scaling a Real Estate Portfolio to 32 Million and Investing in YourselfIn this episode, Jonathan Farber interviews Pancham Gupta on his journey from a full time W-2 employee to scaling a real estate business holding $32 million in property. Pancham is a multistate cash flow investor based in Long Island, New York. In this episode, we dive into topics like: having the right mindset, scaling into major investing, breaking through your mental barriers, and more!
Top Takeaways:
Keeping the right mindset - 18:15 - 22:30
Especially if you know you’re more analytical, try to step back
Evaluate if the deal is good or not and then ta...2020-07-161h 09Millennial Millionaire Real Estate Podcast#36 with Sean Williams: You know the Out of State Investor is Serious When They Pronounce Louisville CorrectlyIn this episode, Jonathan Farber interviews Sean Williams on his journey from dropping out of college to securing a major investment for his first BRRR on an apartment complex. Sean is a Louisville, KY, broker experienced in first time home buyers and sellers, all the way up to high-end properties and investors dealing in rentals, rehabs, and wholesale deals. In this episode, we break down topics like: building relationships in real estate, coronavirus market strategies, out of state investing, and more!
Top Takeaways:
How to build relationships and find investors - 24:10 - 33:00
Anyone you...2020-07-141h 18Millennial Millionaire Real Estate Podcast#35 with Mark Ainley: Scaling to 1,000 Doors Under Property Management and The Process GuyIn this episode, Jonathan Farber interviews Mark Ainley on his path from househacking his first property at 21 to owning with partners over 900 residential units and 2 million commercial square feet. Mark runs a property management and brokerage firm based in Chicago. In this episode, we unpack topics like: deciding management, mistakes to avoid, scaling traps, and more!
Top Takeaways:
How to make management decisions for your first properties - 18:30 - 22:15
Self manage if you can
Only need external management if time or distance are too great
Consider opportunity cost when deciding if you...2020-07-091h 05Millennial Millionaire Real Estate Podcast#34 with Ben Leybovich: Scaling to 50 million in Acquisition and Always Focused on Personal GrowthIn this episode, Jonathan Farber interviews Ben Leybovich on his road from finding his first flip while driving for dollars to running a multi-state operation of over 50 million dollars. Ben is an investor and syndicator operating syndications and large apartment assets from Chandler, Arizona. In this episode, we delve into topics like: how to scale, the best way to add value to large multi-units, driving business during a pandemic, and more!
Top Takeaways:
What you need to know to scale - 28:08 - 32:42
Remember the lessons that you gain between buying duplexes to 10-unit properties2020-07-081h 10Millennial Millionaire Real Estate Podcast#20 with Jonathan Farber: Being Homeless, What's New and Lessons Learned From Last 10 GuestsCatch up with Jonathan and see what he has been up to the last couple of months!
Highlights of the Episode:
Jonathan packed up his bags and moved from NY to NC
Set up 2 Airbnb's in Pinehurst, NC
Refinanced 6 rental properties
Go with the local lender. Just do it!
Getting a deeper understanding for the Louisville area and evaluating neighborhoods
Best practices for finding and prospecting deals
Content creation focus
Starting a mastermind group
Time management tips
2020-05-1336 min