The Military Millionaire Podcast

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Our goal is to teach service members, and the working class how to build wealth, and invest in real estate so that you can achieve financial freedom and live the life you’ve always dreamed of!

Episodes

Friday Mar 12, 2021

How To "Get It Right" As A Young Enlisted Service Member with Eric Alvarez

Friday Mar 12, 2021

Episode: 133

Eric Alvarez

Join your hosts, David Pere and Alex Felice, with guest Eric Alvarez as they talk about prudence and frugality, what investing is about, how real estate is less liquid, and the right mindset and savings that gets a young soldier into real estate passive investing the right way.

As Eric and the hosts exchange plans and experiences, we'll get to hear about what they think essentially equips a young go-getter to be ahead of his years and his goals. For them, relationships, network, and market are things that no one should let go of even if their eyes are on other several opportunities.

In the military, Eric believes that the great opportunity of getting paid, no matter what, should also mean an opportunity for young service members like him to take risks and invest. Of course –with a balanced risk-tolerance. Let's catch more of what they have to say by tuning in to the episode.

About Eric Alvarez:

Eric Alvarez is a young active duty member and investor that is currently deployed in Japan.

Outline of the episode:

[02:59] Young and $150,000 in Net Worth
[05:13] CDs: A lousy investment but super safe!
[08:20] The hurdles of getting into real estate.
[11:28] The gist of being an investor in real estate, or investor in general.
[14:26] Convert your talent instead of buying it cash.
[16:55] What real estate is in comparison to stocks.
[19:42] The Lessons from The 2007 Crash.
[21:18] How can a 21-year-old get ahead?
[27:40] Getting the market's pulse.
[31:05] "People are a really good investment."
[37:01] The reason why %0 down is a thing…
[39:45] What to focus on when there's more than one opportunity.
[50:25] How can someone young take the lead in personal-finance?
[53:43] "Stick to your guns, don't get sucked into someone else's shiny-object syndrome."

Resources:

Instagram: https://www.instagram.com/alexzander_187/?hl=en

Zero to One - Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101/

MONEY Master the Game - 7 Simple Steps to Financial Freedom by Tony Robbins:

https://www.amazon.com/MONEY-Master-Game-Financial-Freedom/dp/1476757860

The BiggerPockets Bookstore:

https://store.biggerpockets.com/

Follow From Military to Millionaire's journey on:

Website: https://www.frommilitarytomillionaire.com/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Advice to an 18-20-year old:

Find that balance, contribute to your TSP, and pay yourself first!

Recommended resource(s):

Money, Master the Game by Tony Robbins.

Sponsor: Real Estate Investing 101 (course): https://www.frommilitarytomillionaire.com/teachable-rei

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Friday Mar 05, 2021

Getting Started With Real Estate In Your First Enlistment with Austin Clark!

Friday Mar 05, 2021

Episode: 132

Austin Clark

Join your hosts, David Pere and Alex Felice, with guest Austin Clark as they talk about the quarter method, the thing you need to get past first before investing, and not letting anyone use your age to measure your abilities and course of action.

As Austin shares his experience and plans, we'll take away a ton of insight on the importance of knowing a market, the acronym that everyone in real estate should be familiar with, and the reason why he hates being asked about five-year plans so much. For him, not locking in on long-term goals can be okay.

With the right mindset towards normalizing discomfort, not having total control of your money, and weighing education over action, listen to how a soldier in his 20s brave the possibilities of passive investing.

About Austin Clark:

Austin is a soldier, investor, lover of life, and an aspiring physique competitor and fitness-enthusiast. Gaining financial independence and living a healthy, fulfilled lifestyle is his lifelong goal. He wants to share and show the people the successes, failures, and all of the in-betweens of his life and journey.

Sponsor: Need help finding a realtor like the one Austin used? We’ve got you covered! Simply fill out this short form, and I’ll connect you with one of the real estate agents in our vast network: https://www.frommilitarytomillionaire.com/va-realtor/

Outline of the episode:

[02:12] Started investing in ETFs.
[03:48] The story behind the first purchase.
[05:14] On adding value to a property in a high-potential area that people overlook.
[10:05] Leaving the military, going all-in on real estate, and building a brand.
[11:16] A guy in his 20s educating about money.
[13:51] Intellectual: Create a space to reach out to people and for your narrative.
[15:17] Build your capital first, then diversify.
[15:56] The B.R.R.R.R. Approach.
[17:08] How not focusing on long-term goals can be a good thing.
[19:33] What do you need to do before transitioning?
[21:05] This is what happens if you do not know your market…
[24:18] The Quarter Method: On Education and Action.
[26:42] What sense of control you need to get past with.
[27:44] Initial steps for those who are new in the military and in investing.
[30:45] "Don't let anyone define what you can do based on your age."

Resources:

Instagram: https://www.instagram.com/austin_clark_original/

Facebook: https://www.facebook.com/alwaysaspireforyou

YouTube: https://www.youtube.com/c/AustinClarkOriginal/featured

Platforms used by Austin Clark:

https://www.zillow.com/

https://www.redfin.com/

Follow From Military to Millionaire's journey on:

Website: https://www.frommilitarytomillionaire.com/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Advice to an 18-20-year old: Never let your age dictate what you can or can’t do, and never let somebody else dictate it because of your age.

Recommended resource(s): YouTube!

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Feb 26, 2021

How To Achieve Financial Freedom in The Military with Rich Carey and Doug Nordman!

Friday Feb 26, 2021

Episode: 131

Rich Carey and Doug Nordman

Join your hosts, David Pere and Alex Felice, with guests Doug Nordman and Rich Cary as they talk about investing and asset allocations during the pandemic. While in the military, Rich paid off $230k for a mortgage. Now, he's acquired a fourplex and six-plex during the pandemic as an addition to his properties.

Later, Doug shares a story on getting a 529 account for a granddaughter and explains what it teaches about picking an asset allocation that one can live with personally. For Doug, everything flows, first and foremost, out of figuring out what one can tolerate in an asset allocation.

In this episode, listen as they also throw in their two cents on scaling and managing properties and what they hold as personal opinions on what 'sure money' truly is, especially for service members.

About Doug Nordman and Rich Cary:

Retired at age 41 after 20 years with the U.S. Navy's submarine force, today Doug Nordman is an enthusiastic surfer, an omnivorous reader, a martial arts student, and a veteran of many chaotic home-improvement projects. With his retired Navy Reserve spouse, they raised their daughter in Hawaii.

Rich believes that conservative investing is superior to aggressive tactics. He's been successful with conservative index fund real estate investing. Rich currently owns 30 units, with 20 single-family homes paid off. He has served 20 years as a Special Agent in the Air Force (similar to NCIS). After retiring from the United States Air Force, he is now living in Montgomery, Alabama, where all of his properties are located.

Sponsor:

The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply!

Outline of the episode:

[02:49] Acquiring a fourplex and a six-plex during the pandemic.
[03:43] Cutting expenses by self-managing properties.
[04:55] The experience of having problematic tenants during a pandemic.
[06:41] On scaling with debts and self-managing your properties.
[12:03] What do multifamily gurus warn about that needs to be noted?
[20:12] "Pick an asset allocation that makes sense for you."
[25:25] The thing with GameStop and the Casino Conundrum.
[29:14] A personal opinion regarding index, TSPs, and IRAs.
[31:56] Counting TSPs as reserves.
[41:53] A financial advice to every service member.

Website: https://the-military-guide.com/

https://richonmoney.com/

Linkedin: https://www.linkedin.com/in/dougnordman/

Facebook: https://www.facebook.com/doug.nordman.5

https://www.facebook.com/imrichonmoney/

Twitter: https://twitter.com/TheMilitaryGuid?

https://twitter.com/richonmoney?lang=en

White Coat Investor - 150 Portfolios Better than Yours:

https://www.whitecoatinvestor.com/150-portfolios-better-than-yours/

Follow From Military to Millionaire's journey on:

Website: https://www.frommilitarytomillionaire.com/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Sponsor:

The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply!

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Feb 19, 2021

How To Invest in Real Estate Even If You Live In The Barracks with Paul Farmer

Friday Feb 19, 2021

Episode: 130

Paul Farmer

Join your hosts, David Pere and Alex Felice, with guest Paul Farmer, as he shares about how passive investing is changing the course of his career and speeding up his journey to financial freedom at his early age.

From his experience, Paul tells us what any youth needs to equip themselves with, in knowledge and the environment, in order to succeed in real estate or in whatever goal they set in general; a piece of advice he has tested and proven to be influential – even without a college degree.

About Paul Farmer:

Three weeks after graduating from high school, Paul Farmer decided to join the army at an early age. While in deployment, Paul started reading a book that his brother suggested. After reading Robert Kiyosaki's famous book 'Rich Dad Poor Dad,' Paul lit a desire inside him to achieve financial freedom with what he's getting from the military.

After his deployment in Iraq in November 2019, Paul came home with twenty grand and didn't know what to do with it initially. With help from a friend, Paul quickly entered real estate. At present, Paul is now a real estate and stock investor.

Outline of the episode:

[01:15] Deciding college is not for me after high school.
[02:16] Coming home with over twenty large in savings.
[08:31] The possibility of getting a VA loan without…
[14:19] On Paul's pre-deployment game plan.
[17:41] A common problem that beginners make.
[23:38] The goals you set that lowball your potential.
[28:43] Surround yourself with the right people, information, and opportunities.
[33:25] "I would tell that 19 y.o. to…"
[36:01] An essential thing that can be worked on, but not many people do.
[37:37] What disqualifies people from getting approval or from closing?

Advice to an 18-20-year old:

Apply for a credit card and build your credit.
Educate yourself
Surround yourself with like-minded people!

Resources:

Instagram: https://www.instagram.com/__pauly/

Rich Dad Poor Dad by Robert T. Kiyosaki:

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA?gclid=Cj0KCQiAgomBBhDXARIsAFNyUqPlZjeMD7wVR6XFToAc-QE2hs5Sq2kTQnhBF0AX6aGfQKUd4oX-pVUaAj7OEALw_wcB

Credit Score Trackers used by Paul:

https://www.creditkarma.com/free-credit-score

https://www.navyfederal.org/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Sponsor:

The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply!

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Feb 12, 2021

The Craziest Deal I've Ever Heard of | Tax Liens and Auctions with Marty Tyler

Friday Feb 12, 2021

Episode: 129

Marty Tyler

Join your hosts, David Pere and Alex Felice, with guest Marty Tyler, as he talks about his experience in auctioning, managing assets and an amusing story of how he started acquiring and growing properties under his list after his time in the Air Force.

After the service, Marty's projects started with a garage. Having the experience, he now shares what we need to learn about tax liens and how anyone can create their own portfolio by eyeing the right properties in auctions.

In this episode, join in as we learn more about a mostly overlooked approach to acquisition from Marty's incredible and heuristic experience.

About Marty Tyler:

Marty joined the Air Force in 2001 and has always been into real estate ever since. He likes to watch HGTV. When Marty got out of active duty seven years later, he built a garage where he added an apartment to be for rent.

Ever since that project, Marty has been buying stuff, doing a couple of flips, and decided that buy and hold was the area that he liked and excelled in the most. From there until now, he has been doing that pretty hot and heavy over the last couple of years.

Outline of the episode:

[07:22] What is a tax lien?
[12:44] The time to let someone take over a management task and let go.
[16:20] Determine a viable venture or an assignment through your likes and dislikes.
[17:17] Consider outsourcing when…
[20:10] How do you find properties that are on auctions?
[23:58] Auctioning: Getting close to the fire.
[26:23] Even though you may win or lose, show up.
[27:12] What showing up does for you and your reach.
[39:13] Don't keep up with the Joneses!
[44:19] Keep your eyes on your local market first.

Advice to an 18-20-year old:

Don’t compare yourself to anybody else!

Recommended resource(s):

Learn your local market!

Sponsor: Propstream https://www.frommilitarytomillionaire.com/propstream

Resources:

Facebook: https://www.facebook.com/marty.tyler.56

Email: tyler.stars2005@gmail.com

Platforms used by Marty Tyler:

http://www.mls.com/

https://www.realtor.com/

https://www.zillow.com/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Feb 05, 2021

Buying $9 Million in Multifamily Apartments on Your Own with Matt Deboth!

Friday Feb 05, 2021

Episode: 128

Matt Deboth

Join your hosts, David Pere and Alex Felice, with guest Matt DeBoth as they talk about what cross collateral deals are and how Matt acquires multi-million dollar real estate or multifamily buildings without putting money down.

With deals, Matt works on everything in-house. He's got a management team that handles cleaning the property, raising its rent, occupancy, and conducting the needed tenant relations. Even when he bumps into significant damages, he knows he's got a team lined up waiting.

In this episode, tune in as Matt shares the method he used that helped him achieve nothing else but growth from his first-ever investment of hacking a 20-unit apartment alone – with no partner.

About Matt DeBoth:

Matt DeBoth is a Marine Corps veteran who served from 2003-2011 as Force Recon Marine, deploying to Iraq, Afghanistan, and Africa. Matt purchased a 20-unit apartment complex during his last combat deployment and hacked it upon his exit from the service.

Matt currently invests in the Midwest and owns a portfolio of 142 rental units. Since 2011, he has flipped 25-plus rental units and BRRRRed multi-million dollar apartment buildings, all while using traditional funding from banks.

Recently, Matt has started a full rehab on a 48-unit apartment building located in Des Moines, Iowa. Additionally, he sold his laundromat and began repositioning his portfolio to hold mid-to-large-sized apartment buildings. Working as the general contractor and asset manager for his portfolio, Matt has found his value-add appreciation and creative financing expertise.

Matt currently hosts a local real estate meetup and uses his free time to educate others on real estate investing. Being a part of multiple mastermind groups, reading investment books, and being a podcast buff, Matt views himself as a lifelong student.

Outline of the episode:

[02:40] What is cross-collateralization?
[05:40] Introducing yourself to the tenants of your acquired property.
[12:31] A significant factor people don't realize about multi and single-family acquisitions.
[17:03] On taking risks while you're still young.
[30:23] The plan for 2021.
[35:00] What's going on with BiggerPockets?
[44:27] Personal or business-related, build different goals and stick to them.
[47:25] Be accountable when you set goals.
[49:12] One of the many roles that masterminds play in our lives.
[52:11] Don't do everything on your own – delegate!
[1:02:11] The life hacks side of TikTok; Rising App where Elon and personalities alike talk.

Resources:

BiggerPockets: https://www.biggerpockets.com/blog/contributors/mattdeboth

Instagram: https://www.instagram.com/mattdeboth

Linkedin: https://www.linkedin.com/in/matt-deboth-24077b17a/

Clubhouse App:

https://www.joinclubhouse.com/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Sponsor: Our super affordable real estate investing for beginners course! https://www.frommilitarytomillionaire.com/teachable-rei

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Jan 29, 2021

How to Scale a Virtual Wholesaling Business to 50+ Deals In Your First Year!

Friday Jan 29, 2021

Episode: 127

Frank Scappaticci and John Plumstead of Greyline Investments

Join your hosts, David Pere and Alex Felice, with guests Frank Scappaticci and John Plumstead as they share their unexpected success in the field of real estate. They'll talk about how they went from trying out property acquisition, deciding on wholesaling, attracting a handful of leads, and to what they now call their accidental company: Gray Line Investments.

John and Frank played as linebackers during their years of studying and eventually became active duty armies together. The two continued the ties even outside of duty when they got into real estate; while Frank was involved with single-family homes – John was into multifamily.

In this episode, listen as John and Frank show us the manner and tips that helped them scale their team and close fifty deals in the year 2020 – all despite the year's uncertainties and setbacks.

About Gray Line Investments:

A veteran-led and operated organization that places high importance on integrity and hiring top talent. Gray Line Investment’s team has a wide array of professional experiences outside of the Army, varying from finance to performance psychology.

Real estate investing is what binds them and what has brought them together. Gray Line Investments is simultaneously conservative and aggressive; they always underwrite deals conservatively but act with conviction once they make a decision.

Outline of the episode:

[02:11] Reaping short-term success from what is at first a supplementation to retirement.
[08:10] The marketing model and the criteria for screening leads.
[10:33] Price range and neighborhood types.
[12:06] How should a beginner approach his/her leads?
[13:48] What you shouldn't do when entering a business.
[14:08] A basic cost formula for lead generation.
[16:05] For beginners: Effective steps you can take to scout potential properties.
[17:05] What places to go to and how to analyze areas for deals?
[18:42] How to follow through after a verbal agreement?
[24:03] The questions you should normalize asking in negotiations.
[29:45] How you should look at your profit after one year.
[32:44] On the unpredictability of operations that stabilize with marketing efforts.
[37:10] A vital trait by veterans that works excellent with off-market real estate.
[39:28] Read books, save money.
[41:34] You can't put out great things if you're not taking in great things!

Advice to an 18-20-year old:

Frank: read more!

John: Care about your health!

Recommended resource(s):

Frank: BiggerPockets Podcast and Real Estate Disrupters Podcast

John: Podcasts and content!

Sponsor: Investor Carrot https://www.frommilitarytomillionaire.com/carrot

Resources:

Website: https://www.graylineinvestments.com/

Facebook: https://www.facebook.com/graylineinvestmentsofficial/

https://www.facebook.com/groups/virtualrealestateinvesting/

Linkedin: https://www.linkedin.com/company/gray-line-investments/

https://www.linkedin.com/in/frank-scappaticci-a409303b/

https://www.linkedin.com/in/johnplumstead/

Bigger Pockets Daily Podcast:

https://www.biggerpockets.com/daily

Bigger Pockets Weekly Podcast:

https://www.biggerpockets.com/podcast

Real Estate Disruptors Podcast:

https://blubrry.com/real_estate_disruptors/

Platforms used by Gray Line Investments:

https://monday.com/

https://www.propstream.com/

https://leadsherpa.com/

https://launchcontrol.us/

https://www.mojosells.com/

https://www.dropcowboy.com/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Jan 22, 2021

How To Pull Yourself Out of The Unlucky Sperm Club with Nelson Tressler

Friday Jan 22, 2021

Episode: 126

Nelson Tressler

Join your hosts, David Pere and Alex Felice, with their guest Nelson Tressler, as they speak about how a man can succeed, on his own terms, despite struggles on top of struggles. Nelson's story gives testament to how we don't always have to end up the way we started, a lesson that many people may take through multiple different ways.

Getting held back in school with dyslexia was one challenge Nelson had to face; finishing college was another thing and a rather hard one for him to do. But after finishing college, Nelson grew the desire to overcome more of whatever life throws at him in his journey of emotional recovery and development; later on, he continued to become a broker, businessman, and author.

In this episode, Nelson imparts a handful of lessons on perception, the mindset your goals need, and what he thinks people can learn from if they want to move on to a better place in their lives – be it physical or mental. Nelson believes that our life is not our circumstances; it is what we do in those circumstances that make our lives.

About Nelson Tressler:

Nelson was born to a teenage mother in rural central Pennsylvania and has never known his biological father. He was the oldest of five children and grew up in poverty under an alcoholic and abusive stepfather.

Nelson lost track of the number of times that he went to bed hungry. Far from an idyllic childhood, Nelson worked on his uncle's garbage truck during the summer and holidays to help provide for his family. Once Nelson got his driver's license, a local construction company hired him to work until he graduated from high school.

In high school, Nelson was a three-sport athlete. He still holds several school records and was voted the most athletic member of his senior class. Once he graduated, he went on to play college football at St. Francis University.

After his freshman year of college, it was very evident that he could not afford to continue. He then joined the United States Air Force on the G.I. bill. He trained as an electronic and navigation technician on the E.F.–111 aircraft. Nelson served in Saudi Arabia and Turkey during his four years of military service.

He attended multiple universities during his service and received his associate's degree. After being honorably discharged from the Air Force, he attended the University of Nevada at Las Vegas. He started a window cleaning business to pay for school and support his young family.

After graduating with a Finance degree from the University of Nevada at Las Vegas, Nelson went to work for Grubb &; Ellis Commercial real estate. Nelson and his team were the top producing team in the nation on several occasions while working at Grubb & Ellis commercial real estate.

Newmark Grubb Knight Frank later purchased the company. Nelson has consistently been one of the nation's top-producing brokers, and his team has been the top-producing retail team in the Las Vegas market for an impressive 19 straight years. In 2008, Nelson was named to Las Vegas' prestigious "40 under 40" list.

He has personally developed commercial projects over $25 million. Additionally, during his 20+ year career, Nelson has brokered deals on behalf of his clients over $750 million.

Nelson has founded several successful businesses, including one of the largest chains of children's daycare centers in Las Vegas, which he sold for a profit. He is also the founder of one of the nation's largest privately held pet resorts he recently sold.

Nelson is currently acting as a partner in multiple business ventures ranging from tanning salons and family fun centers to a landscaping rock supplier. He is also involved in numerous real estate ventures, including apartment buildings and commercial real estate developments.

His team continues to be the top retail producing team for Newmark Grubb Knight Frank in Las Vegas, Nevada.

Outline of the episode:

[01:11] The backstory that inspired his book: The Unlucky Sperm Club.
[06:58] Getting obsessed with achievements and chasing goals.
[09:49] Your bane is someone else's luxury.
[11:57] Nelson on his eye-opening experiences in the Air Force.
[14:27] A philosophy worthy of hearing.
[15:59] Nelson's professional career after college life.
[19:04] Starting a business during the early stages of the pet care service industry.
[25:11] Expose yourself to the things you want to get into – how to penetrate markets.
[28:36] The type of deals that your broker would throw money in to.
[29:59] I Got Smarter: The reason why I was born into these circumstances.
[31:49] Where most of the problem lies when we are achieving goals.
[35:33] It's a self-help book – The Unlucky Sperm Club.
[37:35] Reflection is such a powerful thing.
[39:30] An I Got Smarter App feature: Know what you want to accomplish!
[45:59] On Addition by Subtraction: Do we always need to gain?
[49:11] What is the greatest equalizer?

Advice to an 18-20-year old:

Dream big, and realize that time is your most valuable resource!

Website: https://nelsontressler.com/

https://igotsmarter.com/

Linkedin: https://www.linkedin.com/in/nelson-tressler-75876590

Facebook: https://www.facebook.com/nelson.tressler.5

Twitter: https://twitter.com/NelsonTressler

The Unlucky Sperm Club by Nelson L. Tressler:

https://www.amazon.com/Unlucky-Sperm-Club-Circumstances-Product-ebook/dp/B08KF6ZYBB

Rich Dad Poor Dad by Robert T. Kiyosaki:

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! by Robert G. Allen:

https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Sponsor:

https://www.frommilitarytomillionaire.com/va-realtor/

Rich Dad Poor Dad, Napoleon Hill, Bryan Tracy, Multiple Streams of Income

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Jan 15, 2021

How to Make a Fortune Buying Raw Land With Brent Bowers

Friday Jan 15, 2021

Episode: 125

Brent Bowers

Join your hosts, David Pere and Alex Felice, with their guest Brent Bowers, as they talk about how he went from serving the military to purchasing, selling lands, and now earning about $41,000 in an average of monthly passive income.

Brent purchased his first property in 2007 and rented it out high on the market, but with what happened the next year, Brent knew he needed to do something different – he entered the military. Although even during his service, Brent's passion for real estate stayed with him.

Brent now buys various land at massive discounts with his whole team and sells it at a premium with seller financing. In this episode, Brent lays down his process and methods of dealing with potential properties. He also shares what he believes to be a golden lesson he learned from his experience with tenants, those, and more as you tune in with us.

About Brent Bowers:

Brent is a transitioning United States Army Officer with a passion for helping sellers eliminate burdensome properties by figuring out their particular situation and seeing what works best for them.

He mostly will purchase the property fast to relieve them of the situation or recommend certain repairs so they can list with a Realtor and receive the highest and best possible price.

Outline of the episode:

[02:46] Buying houses at a low price and selling them at a premium.
[05:27] On why good tenants don't pay the higher price.
[08:05] Why it's not wise to have just about anyone rent your property.
[10:17] The common pitfalls of buying land.
[11:57] How do closing deals and losing money affect a beginner?
[17:17] Different ways you can quickly scale land.
[20:48] Zoning preferences, the factors that make them viable, and how to scout them.
[22:07] The process of sending out a land offer letter (LOL).
[27:22] On the steps Brent took when he started out buying properties.
[30:10] The varying demographic of buyers.
[33:07] On repeat buyers and the value of word-of-mouth.

Resources:

Advice to an 18-20-year old:

Read The Wealthy Gardener

Recommended resource(s):

The Land Sharks

Website: http://thelandsharks.com/

Linkedin: https://www.linkedin.com/in/brent1

Facebook: https://www.facebook.com/brentlbowers1/

Instagram: https://www.instagram.com/brentlbowers/

Twitter: https://twitter.com/brentbuyshouses

The Wealthy Gardener by John Soforic:

https://www.goodreads.com/en/book/show/42071647-the-wealthy-gardener

The Land Geek – How to Invest in Real Estate with No Money?:

https://www.thelandgeek.com/

Jack & Michelle Bosch Real Estate and Business Coaching Experts:

https://www.jackbosch.com/

Land Academy - Learn How to Buy Undervalued, Vacant Land & Quickly Sell It Online for More:

https://landacademy.com/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Sponsor:

Let us connect you with one of our vetted real estate agents, and/or VA lenders! https://www.frommilitarytomillionaire.com/va-realtor/

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

Friday Jan 08, 2021

Buying Short Term Rentals Across the Country and Traveling with Diya Liu

Friday Jan 08, 2021

Episode: 124

Diya Liu

Join your hosts, David Pere and Alex Felice, with their guest, Diya Liu, as they talk about how investing in short-term rentals got her from $0 - $100,000 of revenue in 13 months. Diya earned that from the units she owns, all while working as an attorney full-time.

In the household she grew up in, being an achiever was the goal. A good education in a prestigious school, finishing with flying colors, and getting into big-name companies were always believed to be the pathway to success. Instead of just following, she taught herself to take risks.

Diya now travels to different places, teaching people how to achieve financial freedom through her proven and tested methods. In this episode, we'll hear Diya's experience and approach to managing her vacation rentals, as well as the results of her redefinition of what success could be.

About Diya Liu:

Diya Liu helps real estate investing newbies and seasoned investors maximize their rental cash flow with vacation rentals. Diya came to the United States when she was eight years old. Her family of three lived in their mom's measly $1,000/month graduate student stipend.

Her journey to investing was not a straight path. Her parents raised her to believe that the equation to success equaled getting straight A's, going to a renowned college & grad school, and getting an excellent W2 job. Diya did just that, and she wasn't happy.

Diya double-majored in chemical engineering and biochemistry in college; she got a full-ride scholarship to law school, and she got a job at a prestigious white-shoe law firm in NYC upon graduating from law school.

Then she realized that she didn't want to work 9 AM to midnight for the rest of her career. After research, Diya found the financial independence movement and decided she wanted to be location independent too, not just financially independent!

She started investing in vacation rentals and got her first booking within 15 minutes of hitting publish. She had over 90% occupancy for the first month on Airbnb.

Since then, Diya quickly purchased more vacation rentals and achieved financial and location independence, giving her the freedom to travel the world.

Outline of the episode:

[02:20] The concept of success growing up.
[03:28] On the golden handcuff syndrome and redefining her concept of success.
[07:07] Contingency plans in the hospitality industry.
[08:04] The yes and no's of people who have never done it.
[10:31] Choosing places suitable for short-term rental investments.
[19:28] Will your long-term rental property work well in the short-term?
[21:48] Bad experiences with Airbnb and how to facilitate occupancies for guests.
[26:46] Helpful technologies that support your property management.
[30:00] What long-term rental is if up against short-term rentals.
[30:44] The factors that contribute to an Airbnbs viability.
[37:26] Understanding your competitors and your target's needs when choosing a property to convert into STRs (Short-term Rentals).
[43:45] Owning a vacation home and making it earn for your future vacations.