Shows
The Legacy Wealth Code PodcastThe Passive Income Playbook -A Build to Rent Strategy Giving You Time Freedom & Financial ProsperityUnlock the secrets to building long-term wealth with real estate mogul Jim Sheils in this latest Legacy Wealth Code episode. Having triumphed over the challenges of Andrew's heart surgeries, my co-host and I, Michael Notbohm, are thrilled to bring you a conversation brimming with strategies for cultivating a robust portfolio. Jim, a partner with Southern Impression homes, takes us through his remarkable journey from seizing foreclosures to pioneering within the build-to-rent sector, crystallizing why patience and top-tier investments are non-negotiable for legacy builders.Imagine a world where construction loans are a relic of the past. That's the...
2024-03-1434 minThe Legacy Wealth Code PodcastCreative Entrepreneurship and Investment Wisdom with Patrick E. DonohueEmbark on a wealth-building adventure with Patrick E. Donohue, the valuation virtuoso and Hill Capital Corporation's pioneering founder, as he lays out the roadmap to amassing riches in business and in real estate. Our shared stories of youthful business escapades set the stage, reinforcing the age-old wisdom that an asset's true worth is what a buyer is ready to fork over. Patrick's dual expertise in fundraising and investing brings a unique perspective to the art of the capital raise, advocating for the kind of simplicity in pitches that resonates with investors. You'll find yourself nodding along as we dissect...
2024-01-0734 minThe Legacy Wealth Code PodcastWealth Building Tactics Uncovered: Insights from Tax Strategist Alexis GallatiJoin us on a journey to financial success and legacy building as we sit down with the incredibly insightful Alexis Gallati, a tax strategist with a knack for making tax planning an accessible and powerful tool for everyone. Imagine a world where even ordinary individuals can leverage the same tax strategies employed by the wealthiest among us to secure their financial future. That's what we unpack in this enlightening conversation with Alexis, where we break down the significant differences between a tax preparer and a tax strategist.In our journey to financial stability, Health Savings Accounts (HSAs...
2023-12-1439 minThe Legacy Wealth Code PodcastTruly Passive Income: How RPM Investments Revolutionizes Real Estate Lending for Effortless ReturnsReady to unearth the secrets of successful real estate investing and hard money lending? For this episode of the Legacy Wealth Code podcast, we had the pleasure of chatting with Ryan McGuinness an industry titan who started his adventure in equities and options before hitting the jackpot in real estate. Ryan walks us through his shift from flipping houses to private lending in 2015, introducing us to a business model that offers both quick loan approvals and a passive investment avenue for lending partners. As we navigate the landscape of hard money lending, Ryan opens up about the r...
2023-12-1131 minThe Legacy Wealth Code PodcastBuilding Lasting Wealth: A Simple Investing Strategy That Yields Huge UpsideEver dreamt of building lasting wealth, but don't have heaps of cash to invest? The truth is, you don't need a fortune to start investing in real estate. In today's discussion, we, your hosts, Michael Notbohm and Andrew Hoek, decisively shatter this common myth and guide you on the path to financial freedom. We unfold the journey of a savvy investor who, with a small down payment in 2018, reaped incredible equity and tax savings by 2023. We're pulling back the curtain on strategic real estate leverage and smart tax planning to help you craft a thriving investment portfolio....
2023-12-0525 minThe Legacy Wealth Code PodcastMastering the Tax Code: Your Secret Weapon for Wealth CreationReady to take your real estate investment strategies to the next level? We promise that by tuning in to our latest episode, you'll understand how to maximize your tax benefits before the year ends using cost segregation strategies and bonus depreciation. We dissect the inner workings of cost segregation, highlighting how bonus depreciation was at a staggering 100% from 2017 until 2022, before dropping to 80% in 2023, and then plummeting by 20% each year until it disappears. Discover what other investment avenues offer higher initial deductions than single-family homes and how you can deduct as much as 25-30% on an $800,000 structure.Ever...
2023-11-0618 minThe Legacy Wealth Code PodcastFrom First Time Buyers to Investment Strategies: Real Estate Insights with Doug SchmitzerGet set to unlock the world of real estate and mortgages in our enlightening conversation with the industry virtuoso, Doug Schmitzer. With his profound experience in the mortgage business and the property market, Doug unravels the enigma of the current market scenario, the escalating rates, and their influence on people's buying behaviors. Despite the high rates and market changes, Doug elaborates on how home buying remains a constant pursuit, offering a clear picture of the industry dynamics.Are you a first-time homebuyer? Navigate the complexities of the current market with our astute guest. We delve into the...
2023-10-0346 minThe Legacy Wealth Code PodcastInnovative Strategies in Real Estate: Exploring Investment Success with Romano MunizAre you ready to stretch your real estate investment boundaries? In our latest episode, we sit down with Romano Muniz, the COO of Blue Modo Media. His fascinating journey from residential to commercial and industrial real estate is full of innovative strategies that will make you question everything you thought you knew about property investment.Romano regales us with tales of buying properties at an astounding 80% discount in bankruptcy deals, and how he's learned to leverage the time value of money. From low buying to high appraising, we tackle a range of strategies that have helped Romano...
2023-08-2244 minThe Legacy Wealth Code PodcastDissecting Real Estate Investing Trends and Opportunities in Affordable HousingYou're not just in for an informative episode but a wealth of wisdom on real estate investing trends and opportunities. Your hosts Michael and Andrew, roll up our sleeves to dissect the current state of the real estate market. We scrutinize the surprising resilience of the market despite the indicators suggesting otherwise, and unearth potential hotspots for investors amidst the projected downturns. Listen in as we delve into the boom of growth in the larger cities, predominantly in multifamily apartment complexes, condos, and class C apartment complexes. Plus, we reveal how savvy investors can ride the wave of markets...
2023-08-0822 minThe Legacy Wealth Code PodcastMastering Underwriting and Analysis for Real Estate InvestmentsWondering how to master the intricacies of underwriting deals in the real estate sector? How about a dose of insightful market analysis and investment tips from your friendly hosts, Andrew Hook and I? This episode is a melting pot of our experiences and knowledge, offering a well-rounded perspective on how factors like market trends, tenant expectations, and the right property management can significantly impact a property's value and potential.We kick off with a deep dive into real estate deal analysis, looking at various metrics to determine a good investment, along with potential appreciation prospects. We emphasize...
2023-07-2626 minThe Legacy Wealth Code PodcastAI's Growing Influence in Today's Industries: A Chat with Jody HanekeWhat happens when you combine the fascinating world of technology with the insights of Gen-Xer and Haneke Design owner, Jody Haneke? You get an eye-opening conversation about the rapid growth of AI and its impact on various industries, including real estate and healthcare. Join us as we discuss everything from the iPhone revolution to the potential use of AI in creating hyper-personalized experiences.In this episode, we explore the many ways AI tools like chatGPT are being used for tasks like listing descriptions, blog posts, and SEO purposes. However, we won't shy away from discussing the dangers o...
2023-06-2343 minThe Legacy Wealth Code PodcastBuilding an Empire: Amassing Wealth One Property at a Time with Matt ChaseDo you dream of a future filled with financial freedom and a lasting legacy for your family? Today, we're joined by Matt Chase, a successful real estate investor who's built an impressive portfolio and a fantastic life using smart strategies and a dedicated team. In our conversation, we reveal the secrets to real estate investing that have allowed Matt to create lasting wealth, a flexible schedule, and a family legacy.As Matt guides us through his journey from fresh college graduate to real estate mogul, he shares the methods he uses to find and buy properties, and...
2023-06-1132 minThe Legacy Wealth Code PodcastReal Estate Investing Pitfalls to AvoidIn this revealing episode of The Legacy Wealth Code Podcast, we dig deep into the dramatic downturn of the Applesway Investment Group, a once-prolific real estate entity now grappling with a wave of foreclosures on their apartment complexes. Through an enlightening case study, we shine a light on the common pitfalls and missteps in real estate investing, while offering crucial insights for those looking to successfully navigate this field.Join us as we explore how Applesway fell prey to the increasing interest rates, a key economic factor that many investors fail to adequately prepare for. In our...
2023-06-0624 minThe Legacy Wealth Code PodcastBank Owned Properties With Local REO Expert Trent DavisOn this episode of The Legacy Wealth Code, we discuss with local REO expert Trent Davis some of the trends he is seeing in the bank owned property space. If you are a real estate professional, Trent gives some insight on how to get started and develop relationships with the banks. From an investing standpoint, we discuss the various factors that help us to forecast what the future real estate market is likely to do and compare that to some of the information he is hearing from the asset managers he works with regularly.Onward!...
2023-05-1841 minThe Legacy Wealth Code PodcastWhat is Your Legacy? Writing a Legacy Letter to Define itJoin us in this insightful episode of the Legacy Wealth Code as our esteemed hosts, Michael Notbohm & Andrew Hoek, demystify the concept of a Legacy Letter. Discover the importance of this powerful tool in communicating your legacy and learn practical steps to create one. In this engaging discussion, we dive deep into the unique nature of legacies, discussing how they can vary vastly from person to person. Nevertheless, being intentional and purposeful about your investments is crucial in shaping your legacy, a point our guests passionately emphasize. Whether you're just starting your investment journey or are well along the...
2023-05-1323 minThe Legacy Wealth Code PodcastFunding Your Perfect Life Through Private LendingWelcome to the Legacy Wealth Code podcast, where we dive into the secrets of building long-lasting wealth. In this episode, we are thrilled to have Ryan McGuinness as our guest. Ryan, a seasoned real estate investor with a remarkable track record of flipping over 1000 homes, shares his insights on shifting his focus to private lending. Join us as we explore how this strategic shift has allowed Ryan to build a scalable business with impressive returns, all while minimizing overhead and stress. Discover the power of being the bank and how this strategy can safeguard your investments against market fluctuations...
2023-04-0823 minThe Legacy Wealth Code PodcastInvesting in Distressed Properties - Short Sales, Auction Properties, and Subject ToWelcome to the Legacy Wealth Code podcast, your guide to navigating the ever-changing real estate market. In this episode, we delve into the current landscape, where default notices have surged by 36% from 2022 to 2023. As scheduled auctions and bank repossessions increase, exciting investment opportunities emerge. Join us as we explore different types of distressed properties and uncover strategies to capitalize on them. From subject-to properties and short sales to auction properties, we shed light on the diverse buying opportunities that lie ahead in the face of growing economic uncertainty. Tune in now and equip yourself with the knowledge to thrive...
2023-03-2526 minThe Legacy Wealth Code PodcastSafeguarding Your Legacy: Risk Mitigation and Asset Protection Strategies for Real Estate InvestorsDo you know how to shield your real estate investments and ensure your legacy stands the test of time? Join us on this episode of the Legacy Wealth Code Podcast as we break down essential risk mitigation and asset protection strategies for real estate investing. As experienced investors and professionals in the field, we share invaluable insights on entity structuring, lending requirements, and the pros and cons of various types of entities.Dive into our conversation on the different options for safeguarding your investments, including LLCs, Corporations, and Trusts. Learn how to determine which entity best suits...
2023-03-0631 minThe Legacy Wealth Code PodcastBuilding Wealth Through Short Term Rentals - The Keys to Thriving in a Competitive SpaceA true real estate legend, Kevin Byrne is our guest on this episode. Kevin has flipped over 1000 short sales, started a brokerage that now has over 180 agents, and has built an investment portfolio of 100+ doors, many of which are short term rentals. Air Bnb has seen exponential growth in recent years and Kevin has put the systems in place to become a super host and deliver exceptional service to his guests. As a result, the return on investment for these properties has been a huge driver of wealth for Kevin. Kevin shares some insights on how to make sure your...
2023-02-1542 minThe Legacy Wealth Code PodcastHow to Turn $10,000 Into a Multi Million Dollar Real Estate PortfolioRyan Butler has a successful real estate team doing over 175 million in annual volume as well as a multi million dollar real estate portfolio. His success lies in a passion for helping other people discover a path to wealth by investing, many times with little money out of pocket. He shares a simple path to creating a large real estate portfolio by purchasing a primary residence using programs and incentives available to reduce out of pocket costs, live there, and repeat this process. It's a simple straight forward way to look at real estate investing and building long term wea...
2023-02-0436 minThe Legacy Wealth Code PodcastBuilding a Lasting Legacy - From Homeless to Feeding 12,000+ Familes a Year with Rob AdamsThe Legacy Wealth Code was created to help people learn real estate investing from some of the most respected people out there but also with the focus on building a legacy at the same time. Our guest today, Rob Adams has done just that. He has an inspiring story about growing up with him family being homeless and not knowing where his next meal would come from to creating a charity that feeds over 12,000 families a year. After a family helped his own family as a kid and provided a full refrigerator of food, he knew that one day he...
2023-02-0132 minThe Legacy Wealth Code PodcastSupercharge Your Investments with Cost Segregation & Bonus DepreciationHave you ever wondered how the wealthiest people in the world continue to make millions and millions of dollars and pay little or no taxes? Would you be surprised to hear that the same tax incentives they use are actually available to everyone? We can tell you first hand, our entire investment strategy changed as soon as cost segregation became part of every one of our investments. This is hands down one of the greatest wealth building tools ever, so if you are interested in creating a lasting legacy and building enormous wealth through real estate investing, this episode is f...
2023-01-1726 minThe Legacy Wealth Code PodcastInvesting in a Shifting Market with Guest Chris McLaughlinOn this episode we discuss with our guest Chris McLaughlin the current market we are in, the forecast for what is to come in 2023, and where some of the best opportunities will lie. Chris owns 4 Keller Williams franchises in the Tampa Bay area totaling over 2.2 billion in retail sales volume in 2022. With years of experience as an investor having built a large portfolio of residential and commercial properties, Chris is passionate about building wealth and creating a lasting legacy for his family and his community. This episode features some incredible insight from one of the most respected real estate inv...
2023-01-0546 minThe Legacy Wealth Code PodcastBuilding a Real Estate Empire in Commercial Real EstateOur guest has accumulated a massive portfolio of cash flowing commercial properties that has allowed him to live life on his terms. David shares with us some great insights on how he got started, what kinds of things to look for when considering a commercial property purchase, and the outlook on what opportunities he sees in the future as our market is shifting.Onward!Visit Us OnlineOUR WEBSITEFACEBOOKYOU TUBE
2022-12-1641 minThe Legacy Wealth Code PodcastBuild Long Term Wealth and Create a Lasting Legacy Through Real Estate InvestingThe inaugural episode lays out the goals of this podcast and what to expect on future episodes. Meet Michael Notbohm & Andrew Hoek, two real estate investors who have a passion for helping others build long term wealth through real estate investing. You can expect to see episodes that feature the latest trends in real estate, how to truly maximize all of the tax incentives available to investors, interviews with wildly successful investors & entrepreneurs who will share their secrets to success, and also some interviews with professional athletes that have some truly motivational stories. Onward!Vis...
2022-12-0318 min