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Hosted by Dr. Jason Balara, this podcast aims at helping professionals finding their own purpose in life and create alternatives streams of income in order to reach their maximum potential.
Episodes
Friday Jan 12, 2024
Friday Jan 12, 2024
EPISODE SUMMARY:
It's not every day you come across a story that stops you in your tracks and makes you reconsider the path you're on. Jason Malabute journey is one such narrative, an odyssey through the trials of cerebral palsy to the peaks of real estate investment. Join us on the Know Your Why podcast with Dr. Jason Ballara, where we sit with Jason, a CPA turned real estate mogul, as he lays bare the hurdles he leaped and the drive that comes from understanding your 'why'. We'll traverse his transition from academia to the boardroom, uncovering how a blend of parental wisdom and personal grit shaped his approach to conquering the Los Angeles and Indianapolis real estate markets.
Mentorship is the silent hero in many success stories, and mine has been no different. Reflecting on the invaluable insights gained from mentors like Sterling White, David Monroe, and Charles Stephen, this episode peels back the layers on the crucial role these giants play in the tumultuous world of commercial real estate. We recount the lessons learned from each, even nodding to the polarizing yet influential Grant Cardone, as we celebrate the milestone of two hundred episodes filled with growth, learning, and a little bit of celebration.
Navigating the treacherous waters of multi-family real estate investment, especially through the stormy market of 2020 to 2023, has taught me the importance of mental fortitude and the sweet victory that awaits beyond the setbacks. We lay out the blueprint for achieving financial freedom and the burgeoning opportunities within the multi-family realm that beckon any aspiring investor. So, tune in with us, show your support for the podcast, and let Jason's tale of triumph become the wind in the sails of your own ambitions.
JASON'S BIO:
Born in Los Angeles, California, Jason Malabute, an MBA, is a seasoned real estate investor, an active philanthropist, and a CPA (Certified Public Accountant). Jason Malabute started his real estate journey in 2018 and studied real estate for 1 whole year before finally investing in three rentals in the very first year of 2019, in Indianapolis. After successfully following the investment strategy called BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) for multiple properties, Jason took the leap from single-family to multifamily investing. He focuses on the Atlanta, Indianapolis, and Kansas City Markets.
Jason is a general partner on a 342 units across 2 deals in Atlanta. Jason is a co-organizer of the Pasadena/Glendale chapter of Multifamily Masters meetup group in Los Angeles. Jason is a regular blog contributor for Biggerpockets and American Apartment Owners Association. Jason is head of accounting and financial reporting for Cashflow Champs.
GET IN TOUCH WITH JASON :
www.facebook.com/thejasonmalabute.
https://www.linkedin.com/in/jasonmalabute/.
@jasonmalabute.
https://www.youtube.com/@jasonmalabute
Tiktok is @jasonmalabute
Twitter is @jasonmalabute
Mentorship program:
https://www.strategicacquisitionmethod.com/sac-order
EPISODE CHAPTERS:
(0:00:01) - Real Estate Investing, Transitioning to Multi-Family Jason Malabute shares his journey of overcoming challenges, obtaining an MBA and CPA, and building a successful real estate portfolio.
(0:14:49) - Mentorship in Real Estate Mentorship is crucial for success in commercial real estate, with key mentors including Sterling White, David Monroe, and Charles Stephen.
(0:20:57) - Financial Independence Through Real Estate Work The power of determination in multi-family real estate investment, current market state, and future opportunities.
(0:40:54) - Exploring the Why Behind Success Jason shares his journey of persistence and securing a pivotal deal, inspiring listeners to keep pushing through challenges.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday Jan 10, 2024
Wednesday Jan 10, 2024
EPISODE SUMMARY:
Embark on a transformative journey with real estate visionary Tommy Harr, as we unravel his ascent from diligent home inspector to master of the housing market. Together, we traverse the landscape of Tommy's early days, where family roots in property maintenance laid the groundwork for his ambitious leap into property investment. With an infectious entrepreneurial zeal, he imparts the wisdom gained from direct involvement in renovations, teaching us that the true mortar of success in real estate lies in the hands-on approach and the pivotal influence of family.
Tommy's tale unveils the art of scaling a business, the criticality of starting when the stakes are less daunting, and the youthful courage to embrace risk. We dissect his strategic response to the COVID-19 crisis, where agility in marketing and an unwavering commitment to direct communication proved vital. His narrative is punctuated with personal triumphs, from easing his parents into retirement to the exhilaration of growing his own family, reminding us that the milestones that shape us are not just fiscal but deeply personal.
Closing with the profound realization that every empire begins with a single brick, Tommy inspires with his journey from grassroots to grandeur. His experience demonstrates the potency of setting attainable goals, persisting through adversity, and the momentum one gains as small victories snowball into remarkable success. Join us for an episode that not only celebrates Tommy's story but also equips you with the insight to carve your own path in the ever-evolving realm of real estate.
BIO:
Tommy is a 29-year-old home inspector turned real estate investor born and raised in Pickerington, Ohio. By the time he was 27 he was financially free and a millionaire through real estate investing, starting with $0 in his bank account! All because he learned a blue collar skill and took action to invest in real estate.
GET IN TOUCH WITH :
https://instagram.com/tommyharr05?igshid=MWZjMTM2ODFkZg==
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing Journey Tommy Har shares his journey from home inspector to real estate mogul, discussing family influence, hands-on learning, and entrepreneurial spirit.
(0:03:20) - Start Young in Real Estate Guest shares journey in real estate industry, from inspections to marketing, lessons learned from first flip, and advantages of starting young.
(0:09:16) - Marketing Strategies and Adaptation During COVID Transitioning from digital to tangible strategies, over-delivering services, and utilizing technology and networking for successful marketing.
(0:13:00) - Pivoting and Structuring a Growing Business Adapting real estate practices during COVID-19, utilizing home inspection expertise, building a rental portfolio, and strategic hiring for efficient management.
(0:16:39) - Scaling a Real Estate Portfolio Challenges and strategies of scaling a real estate portfolio, hiring key personnel, local vs. long-distance investments, and using private capital for growth.
(0:27:05) - Retiring Parents and Starting a Family Family and career transitions, helping parents, marriage and expecting a child, past as a Division 1 soccer athlete.
(0:33:03) - Starting From Nothing Real estate and business success requires perseverance, support, education, and access to resources in a challenging industry.
(0:37:48) - Know Your Why Podcast Tommy shares insights on understanding purpose for success, with a 20% discount code for listeners. Support us by liking, rating, and reviewing.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday Jan 05, 2024
Friday Jan 05, 2024
EPISODE SUMMARY:
When Jim Manning stepped away from the shimmering facade of billionaire life, he unearthed a treasure trove of insights on wealth, purpose, and personal fulfillment. His narrative is a saga of transformation—one that begins with the glitz of high-powered real estate success and evolves into a deeply gratifying journey of strategic investment and life balance. As we unravel Jim's path, you're invited to glean from his wisdom on navigating market conditions, constructing a real estate portfolio poised for long-term growth, and defining your own metrics for success.
Retirement might seem like a distant shore, but Jim Manning steers us through the waters of real estate investment with the finesse of a seasoned captain. Reflecting on a robust 15-year voyage, he charts the course from the whirlwind of flipping houses to the serene harbors of holding assets. The current housing shortage serves as a lighthouse, guiding Jim's approach towards fortifying his collection of single-family homes—a strategy that promises stability amidst the tempest of stock market unpredictability. His tale isn't just about accumulating wealth; it's a masterclass in aligning financial objectives with a vision for a purpose-filled life.
Our final act with Jim Manning is a crescendo of wisdom on leaving a legacy that resonates beyond the bounds of personal achievement. Real estate investment emerges as the cornerstone of not just financial independence, but also as a platform for nurturing passions and crafting a meaningful existence. We go beyond the spreadsheets and dollars, touching upon the harmony between personal pursuits, like solving puzzles or perfecting a golf swing, and professional triumphs.
This episode isn't simply a conversation—it's an invitation to redefine success on your own terms, with real estate as the canvas and Jim's story as the muse.
JIM'S BIO:
Jim Manning is a seasoned real estate investor with over 15 years of experience navigating the complexities of the market. Having started his career working for a self-made billionaire, Jim transitioned to real estate 15 years ago, seeking financial freedom without compromising his personal life. Over the years, he has amassed a portfolio of successful investments, leveraging the power of passive income from real estate. Jim's journey has revealed the transformative potential of strategic real estate investments, inspiring him to share his expertise with others. With a mission to redefine success and liberate individuals from traditional financial constraints, Jim is dedicated to helping others achieve financial freedom through informed real estate strategies.
GET IN TOUCH WITH JIM:
https://passivewealthshow.com/
EPISODE CHAPTERS:
(0:00:01) - Real Estate Investing and Finding Purpose Real estate investor Jim Manning shares his journey to financial freedom and happiness, thriving in every market, and balancing business success with a fulfilling personal life.
(0:07:43) - Real Estate Investing for Retirement Real estate journey from short sales to flipping to buying and holding, with a focus on single-family homes and financial freedom.
(0:16:45) - Real Estate as Investment Foundation Real estate offers stability and diversification, with potential for hands-off investment and use of IRA funds.
(0:27:45) - Balance Work and Family for Success Achieving work-life balance by prioritizing relationships and well-being, using real estate for freedom, and balancing intense focus with detachment for productivity.
(0:33:14) - Balancing Personal and Professional Life Balancing personal and professional life, prioritizing tasks, delegating responsibilities, and personal growth through challenges.
(0:39:50) - Real Estate Legacy and Financial Freedom Achieving financial freedom through real estate, leaving a legacy, understanding strengths, and advice for starting in real estate.
(0:49:23) - Discovering the Why Behind Success Thanking guest Jim for insights on real estate, entrepreneurship, mindset coaching, authorship, and fitness on the Know Your Why Podcast.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday Jan 03, 2024
Wednesday Jan 03, 2024
EPISODE SUMMARY:
Caroline Hobbs steps into the spotlight in this enlightening episode, taking us on a journey through her ascent to becoming the tech-savvy founder and chief broker of Reward Realty. With a career blossoming under the tutelage of a top-producing agent and a penchant for managing complex databases, Caroline uncovers the blueprint for success in a tech-evolved real estate landscape.
Our discussion traverses her early days, the professional coaching that forged her path, and the innovative systems that now streamline business while honoring the delicate balance of work and personal life. Revolutionizing the real estate industry isn't just about selling homes, it's about reshaping how we manage transactions and client relationships with a click or swipe. Caroline and I dissect the seismic shift technology has introduced, examining the resulting lifeline of automation for both green and seasoned professionals.
We cast a light on the palpable relief that technology brings to the table, granting improved work-life balance and enhancing customer service in ways that were once the stuff of fantasy. Our conversation pivots to the nuances of embracing new technologies, sharing insights on the adaptation process and the profound impact of mastering these tools. Navigating the business seas, we uncover the vast potential of project management tools and the quest for the holy grail of calendar apps. I share a slice of my life, discussing the driving forces behind my endeavors, including a commitment to mental health and setting a precedent for my children about the boundless opportunities awaiting them.
Meanwhile, Caroline emphasizes the power of mentorship and the genius lurking within every business. So, buckle up for a ride that promises to enrich your professional toolkit and perhaps, more importantly, your approach to life's myriad challenges and triumphs.
CAROLINE'S BIO: Caroline Hobbs, the visionary founder and Chief Broker of Reward Realty, brings unparalleled commitment and tech proficiency to Silicon Valley's real estate scene. Her journey started in 2008 at Keller Williams, mastering database management. In 2013, she addressed agents' system management challenges by establishing Reward Realty, an entity reflecting her passion for real estate and technology, offering an efficient, automated experience for transactions.
GET IN TOUCH WITH CAROLINE :
https://www.instagram.com/carolinehobbsre/?hl=en
https://www.facebook.com/carolinehobbsre/photos
https://www.linkedin.com/in/caroline-hobbs-8060671a/
EPISODE CHAPTERS:
(0:00:00) - Tech Proficiency for Real Estate Success Caroline Hobbs shares her journey in real estate, tech's impact, and developing systems for agents to balance work and life.
(0:17:13) - Revolutionizing Real Estate Transaction Management Technology in real estate brings automation, customization, and improved work-life balance, but also poses challenges for professionals.
(0:33:58) - Opportunities in Project Management and Business Project management tools, team communication, and finding a mentor are crucial for business success and balancing life's possibilities.
(0:42:02) - Uncovering Success Unrecognized genius in business, staying curious and learning from various industries, power of inspiration, and gratitude for guest's contribution.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday Dec 29, 2023
Friday Dec 29, 2023
EPISODE SUMMARY:
Could the key to thriving in the ever-shifting sands of real estate investment be a lesson in simplicity from Warren Buffet's playbook? Real estate investor and author Paul Moore rejoins us to share the wisdom of his journey, emphasizing the power of a lean, diversified approach akin to Berkshire Hathaway's model. Paul, a beacon of experience, unpacks the virtues of collaborating with top-tier professionals across various asset classes.
We examine the idea that you don't need to wear every hat yourself to strike gold; instead, focus on the 20% that yields 80% of the results and leave the fine details to the experts. As interest rates climb, they reshape the landscape of real estate investing, creating a labyrinth of new challenges and opportunities. We navigate through the complexities of alternative financing methods which rise in prominence as traditional lending tightens its belt. Mezzanine debt, preferred equity, and their potential to blend risk with reward enter our discourse, highlighting the importance of adaptability and keen insight when one is charting a course through the tumultuous waters of today's economy.
Paul's mission transcends the boundaries of business, as he turns his gaze to the prevailing issue of human trafficking. With a passion that stirs the soul, he shares how he dedicates a portion of his success to combating this harrowing global crisis, championing a crusade that intertwines purpose with profit. This episode is not just a treasure trove of financial acumen but also a clarion call to harness our achievements for a cause far greater than ourselves. Join us for an exploration of investment strategies intertwined with a heartfelt appeal to make a tangible difference in the world.
PAUL'S BIO:
Paul's professional journey began with a notable stint at Ford Motor Company before co-founding a successful staffing firm. His entrepreneurial prowess earned him the distinction of being a 2x Finalist for Michigan Entrepreneur of the Year. After the firm's successful acquisition by a publicly traded company, Paul redirected his focus towards real estate investment.
A trailblazer in the real estate arena, Paul has established and led multiple investment and development ventures. His expertise has been showcased on platforms like HGTV, Fox Business, and The Real Estate Guys Radio. A prolific contributor to BiggerPockets, Paul produces live shows, recorded videos, and insightful blog content. Notably, Paul co-hosted the wealth-building podcast "How to Lose Money" and has been a sought-after guest on over 200 podcasts.
His literary contributions include "Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage" (BiggerPockets Publishing 2021) and "The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing." Paul Moore is the visionary Founder and Managing Partner of Wellings Capital, a distinguished real estate private equity firm.
GET IN TOUCH WITH PAUL :
EPISODE CHAPTERS:
(0:00:00) - Diversification and Investing With Experts Paul Moore shares insights on diversification, working with top operators, and the current economy's impact on investments.
(0:09:47) - Challenges and Opportunities in Interest Rates Challenges in real estate investment due to rising interest rates, reduced leverage, and shift towards preferred equity.
(0:17:33) - Inflation, Economy, and Investing Options Inflation and interest rates may remain high, multifamily properties are resilient, and alternative assets are popular due to JOBS Act and social media.
(0:30:37) - Investing and Fighting Human Trafficking Mixing market-rate and affordable housing increases asset appraisal, eliminates property taxes, and raises awareness for human trafficking.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday Dec 27, 2023
Wednesday Dec 27, 2023
EPISODE SUMMARY:
The specter of mortality often looms like a shadow, yet for James Brackin, it proved to be a beacon, guiding him towards his calling as a performance coach and podcast host before he even left his teens. Facing personal losses head-on, he shares with us the poignant narrative of how these events carved a path leading away from the expected collegiate experience and instead, towards the rich, if unconventional, territory of personal development and coaching.
His journey is not just a tale of resilience, but an inspiring blueprint for anyone feeling the tug to venture off the beaten path and invest in their own potential. During our heart-to-heart, James unravels the threads of his coaching philosophy, revealing how the intricacies of personal growth are often tangled with the roots of our deepest fears. Through his personalized six-month coaching programs, he's helping others confront and conquer the penchant for self-sabotage and procrastination. The conversation sheds light on the transformative power of acknowledging our vulnerability and taking decisive steps towards change, reinforced by the guiding hand of someone who has navigated the same turbulent waters.
Ending on a note of introspection, we traverse the inner landscape of motivation and purpose with James. His podcast 'You Can Too' stands as a testament to endless curiosity and the audacious pursuit of understanding life's most intricate puzzles. He shares insights on the vitality of questions, the courage to act despite imperfection, and the profound shifts that coaching can bring about in an individual's life. If you're poised on the precipice of change or simply curious about the transformative role coaching could play in your life, James's story is a compelling call to action.
GET IN TOUCH WITH JAMES :
https://www.youtube.com/@jamesbrackiniv/videos https://www.instagram.com/jamesbrackiniv/
EPISODE CHAPTERS:
(0:00:00) - Podcasting and Coaching Journey James Bracken shares his story of loss, self-investment, and guiding others towards intentional living through coaching and podcasting.
(0:03:15) - Coaching, Personal Growth Overcoming adversity at a young age can lead to unexpected paths, such as becoming a coach and investing in personal growth.
(0:12:01) - Coaching and Personal Growth Identifying and overcoming core issues, personalized coaching, and the importance of having coaches for sustainable change.
(0:20:48) - Finding Your Purpose, Making Positive Changes Belief in change, shedding limiting beliefs, proactive growth, and the role of coaching in creating a fulfilling life.
(0:23:47) - Discovering Motivation for Success James Bracken IV's innate curiosity and old soul characteristics, his belief in asking questions and taking action, and the transformative potential of coaching.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday Dec 22, 2023
Friday Dec 22, 2023
EPISODE SUMMARY:
Have you ever wondered how a tech professional ends up investing in 100+ unit apartment buildings in Florida? Well, today's episode unravels that fascinating journey with our guest, Jim Lee, a former inside sales rep for LoopNet and CoStar who transitioned into a prosperous real estate investor. Fueled by his early career, Jim developed an interest in property investment that led him to purchase his first property, a two-bedroom condo in Ontario, California.
Hear about the metamorphosis of LoopNet and CoStar, Jim's navigation through the turbulent market, and the crucial role of having diverse income streams and understanding your purpose. As we traverse Jim's journey, we also delve into real estate syndication in Florida. Our conversation uncovers how Jim, utilizing his tech background, strategized on networking and partnerships to raise capital and contribute to the asset management team. Understand the power of leverage and the significance of continuous learning in the real estate market.
This episode is a treasure trove of experiences, covering the peaks and valleys of the market, challenges encountered, strategies employed, and insightful lessons for anyone with an interest in real estate investment. It's not always smooth sailing, but as Jim emphasizes, understanding your 'why' can drive you towards success. Tune in for these insights and more from Jim's captivating journey.
JIM'S BIO:
Jim Lee received his Bachelor of Science degree in Economics from UCLA in 2010, and started his career as an inside sales representative for LoopNet/Costar. He began his investing journey of a 2 bed/1 bath condo and now, through real estate syndication, he has invested in over 600 units in the past 2 years where he has participated as a general partner/limited partner.
GET IN TOUCH WITH JIM:
https://www.linkedin.com/in/formosainvesting/
https://www.instagram.com/formosainvesting/
https://www.facebook.com/formosainvestin/
EPISODE CHAPTERS:
(0:00:02) - Real Estate Investing and Success Stories Jim Lee's real estate journey began as an inside sales rep for LoopNet and CoStar, leading to his first investment property in Ontario, California.
(0:05:38) - Real Estate Syndication in Florida Tech industry guest's journey from condo to syndication, leveraging debt and networking for 100+ unit apartments in landlord-friendly states like Florida.
(0:22:18) - Challenges and Insights in Real Estate Real estate investing challenges, ups and downs of the market, understanding your why, and guest Jim's insights and experiences.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday Dec 20, 2023
Wednesday Dec 20, 2023
EPISODE SUMMARY:
Has the dream of owning a business ever crossed your mind? Do you find the world of entrepreneurship intriguing? If so, this episode is a treasure trove of insights that you don't want to miss! We engage in an enriching conversation with James Harhi, an entrepreneur with over 20 years of experience, who navigated the journey from a first-generation immigrant family to becoming a successful business owner.
His fascinating stories range from his early days at Disney to his venture into military electronics, and they are sure to inspire you. James takes us on an exciting journey, painting vivid pictures of his childhood and recounting his experiences as the only Hispanic student in a segregated school. His tales of resilience resonate, illuminating the importance of partnerships and the role they play in achieving success.
Through his saga of buying his own company and the subsequent struggles, he presents a testament to the power of perseverance. As we journey further, James shares the valuable lessons he learned from managing businesses, emphasizing the significance of understanding working capital.
Tune in to learn more about the challenges and opportunities that come with small business ownership. James imparts valuable practical advice for budding entrepreneurs, underlining the importance of networking, mentorship, and seeking guidance from nonprofits and government agencies. You will walk away not only with a deeper understanding of the business world but also equipped with essential tools for embarking on your entrepreneurship journey.
So sit back, listen in, and prepare to have your curiosity piqued and your knowledge expanded. Let's step into the intriguing world of business and entrepreneurship with James Harhi.
JAMES BIO:
JAMES HARHI is a strategic, forward-thinking, and entrepreneurial executive with 20+ years of experience leading operational strategy, financial planning and analysis, product management, and M&A to support unprecedented levels of business growth and transformation. Throughout his career, James has been recognized for his ability to revitalize business strategy, drive innovative product development end-to-end, and create value and bottom-line revenue growth for corporations and emerging businesses. Leveraging his multidisciplinary skill set, James analyzes business challenges and develops strategies and solutions to create quick wins and promote long-term business growth.
GET IN TOUCH WITH JAMES:
https://www.linkedin.com/in/jamesharhi/
EPISODE CHAPTERS:
(0:00:00) - Managing Working Capital James shares his immigrant background, Disney experience, and emphasizes the importance of working capital in business success.
(0:10:18) - Resilience, Diversity, and Success James shares upbringing, family dynamics, buying company during easy loans, and initial struggles with wife.
(0:15:58) - Lessons in Business Growth and Adaptation James,Business owner in Orlando shares experiences during Iraqi invasion, including laying off employees and importance of understanding demand and staffing levels.
(0:19:26) - Managing Working Capital and Business Growth Managing working capital, finding passion in work, and lessons from Disney's emphasis on passion.
(0:22:54) - Operating and Growing Small Businesses Balancing work and family, patience and knowledge, market trends, buying businesses, and growth strategies in small business ownership.
(0:34:35) - Evolve, Value, and Overcoming Weaknesses Evolution, problem-solving, passion, and fun drive our work, even as introverts who dislike networking. Anecdote about Elton John concert.
(0:47:27) - Advice for Starting a Small Business Seek advice and guidance from nonprofits and government agencies, avoid scams, and network for mentorship in starting a small business.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday Dec 15, 2023
Friday Dec 15, 2023
EPISODE SUMMARY:
Strap in for a fascinating ride alongside Dr. Elaine Stageberg, a psychiatrist who reinvented herself into a successful real estate investor with a portfolio worth over 300 million. Elaine’s story is one of trials, triumph, and the relentless pursuit of financial freedom. We dig deep into her journey, discussing the obstacles she faced, the fears she conquered, and how her deep-rooted 'why' became the cornerstone of her success.
Elaine's story serves as a beacon, illuminating the way for anyone yearning for financial independence and a meaningful impact on the world. In contrast to traditional methods, we unearth a distinctive private equity model that thrives on property renovation. This model stands out with its zero asset management fees and an unshakeable focus on de-risking investors.
We also shed light on its effectiveness, even in a down market, with an emphasis on long-term debt and timing flexibility. This eye-opening chapter is bound to reshape your ideas about private equity.
ELAINE'S BIO:
Elaine Stageberg, MD, MHA is a psychiatrist, mother of 4, & Owner of Black Swan Real Estate. She owns & manages a portfolio of over $300M in assets under management. Through real estate investing, she reached financial freedom in her 30s and now helps others to do the same; Black Swan has delivered exceptional returns to hundreds of passive investors through their unique investor-focused private equity funds which enjoy no sponsor fees whatsoever, 100% return of capital to investors before any splits, and long-term returns and tax advantages, all coupled with socially conscious investing and at least 5% of profits donated to charity.
GET IN TOUCH WITH ELAINE:
Facebook Group, Real Estate at Scale: https://www.facebook.com/groups/realestateatscale
Facebook Page: https://www.facebook.com/blackswanrealestateteam
Website: www.meetblackswan.com
LinkedIn: https://www.linkedin.com/company/81014287/
Elaine’s Calendly: https://calendly.com/elainestageberg
EPISODE CHAPTERS:
(0:00:00) - Financial Independence and Real Estate Success Dr. Elaine Staggeborg's journey as a psychiatrist and real estate investor, overcoming challenges and finding success through knowing her why.
(0:10:58) - Private Equity Model and Down Markets Nature's private equity model focuses on de-risking investors and adding value without asset management fees.
(0:15:21) - Real Estate Investment Financing Strategies Real estate investing strategies include fixed rate debt, 5-6% cap rate markets, and long-term success in less popular areas.
(0:28:36) - Wealth Through Real Estate for Physicians Dr. Elaine shares her experience in real estate investing, emphasizing the importance of knowing your "why" and the role of property and asset management in solving problems.
(0:33:26) - Achieving Financial Freedom and Personal Growth Autonomy, agency, mindset, and aligning actions with future vision lead to financial success and personal fulfillment.
(0:38:04) - Real Estate Investing and Mindset Advice Real estate investing ,balancing it all with being a mom of four, and advice for beginners.
(0:43:41) - Know Your Why With Elaine Elaine shares her journey to success, emphasizing mindset, self-care, and gratitude, and the importance of positive people in finding fulfillment.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday Dec 13, 2023
Wednesday Dec 13, 2023
EPISODE SUMMARY:
Prepare to be enlightened by the compelling narrative of Ross McArthur, a successful real estate investor who made a dramatic transition from the confines of corporate America to the rewarding world of real estate entrepreneurship. Get ready to be inspired by Ross's unwavering passion, resilience and determination in the face of challenges. From the struggle of finding reliable contractors to the stress of unexpected property damages, Ross takes us through the highs and lows of his real estate journey, serving up a good dose of practical wisdom along the way.
Our discussion with Ross goes beyond the realm of real estate as he shares his motivation for success - a deep-seated desire to provide for his family and control his own destiny. We delve into the importance of nurturing a growth mindset, seeking personal fulfillment, and approaching real estate with the seriousness it deserves. Ross also draws parallels between managing a real estate business and other industries, stressing the universal importance of effective people management. Finally, we touch on a topic close to Ross's heart - mental health.
Ross shares how the simple routine of a morning run has become a therapeutic ritual, helping him clear his mind and spark new ideas. We also discuss the importance of staying focused on your own goals, instead of getting lost in the comparison game. This episode is not just about real estate investing, it's about finding your 'why', pursuing your passion, and maintaining your mental health along the way. Join us for a truly inspiring and informative conversation with Ross McArthur.
ROSS BIO:
With 15 years in software, including roles in startups, Fortune 500, and multibillion-dollar companies, Ross McArthur shifted to Real Estate in 2020. By March 2023, he left Corporate America to focus entirely on Real Estate Investing. Managing a 40-million-dollar portfolio (700 Units) and leading a flipping business (30 flips/year), he co-founded a group investing company growing at one property per month. Passionate about education, Ross guides others on their Real Estate journey through Follow the Deal Investments, emphasizing the "Velocity of Money."
GET IN TOUCH WIH ROSS:
https://www.linkedin.com/in/rossmcarthur
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing Journey and Success Ross McArthur shares his journey from corporate America to real estate investing, emphasizing mindset and off-market marketing.
(0:11:15) - Treating Real Estate as a Business Nature's business: treating real estate investing professionally with third-party management and handling challenges like lawsuits and property damage.
(0:16:34) - Real Estate Challenges and Strategies People, processes, and technology are crucial in running a successful real estate business, along with finding reliable partners and being adaptable in a changing market.
(0:29:33) - Motivation in Work and Real Estate Entrepreneur's journey in real estate, driven by family and frustration, emphasizes growth and effective people management.
(0:35:36) - Exercise and Mental Health Importance Running is beneficial for mental health and can serve as therapy, but beware of comparison and distractions. Stay focused on personal goals.
(0:43:28) - Uncovering the Why Behind Success Real estate investor Ross shares insights on mindset, networking, and purpose, and offers advice for aspiring investors in this podcast episode.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/