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In this enlightening conversation, Dr. Allen Lomax interviews Fernando Angelucci, a seasoned self-storage syndicator, who shares his journey from traditional employment to becoming a successful real estate entrepreneur. The discussion covers various investment strategies in self-storage, including tax mitigation techniques, the advantages of being a limited partner, and the nuances of financing high-value off-market opportunities. Angelucci also explains the differences between equity and debt investing, the trend of converting big box retail spaces into self-storage facilities, and provides an optimistic outlook for the self-storage industry in the coming years.

Main Points:

• Fernando Angelucci transitioned from a traditional job to real estate investing.
• Self-storage offers unique advantages like no tenants or maintenance.
• Tax strategies can significantly enhance returns in self-storage investments.
• Being a limited partner reduces risk and provides passive income.
• Financing strategies are crucial in acquiring off-market storage opportunities.
• Understanding the capital stack is essential for investors.
• Converting retail spaces to self-storage is a growing trend.
• Self-storage has shown resilience during economic downturns.
• The self-storage industry is expected to see continued growth.
• Investing in self-storage can provide better returns than the stock market.

Connect with Fernando Angelucci:

• fernando@SSSE.com
• http://www.ssse.com/
• https://www.linkedin.com/in/thestoragestud/
• https://www.facebook.com/TheStorageStud/
• https://www.instagram.com/thestoragestud
• https://twitter.com/thestoragestud?lang=bn

We'd love to hear from you. What are your thoughts and questions?

In this episode of Streams to Impact, Dr. Allen Lomax interviews Kris Reid, an international real estate consultant and founder of a leading real estate podcast network. Kris shares his journey from being a software engineer to becoming an SEO expert, and eventually transitioning into real estate and podcasting. He discusses the unique advantages of podcasting for building referral networks in real estate, the importance of niche content, and how podcasting can benefit passive investors. Kris also reflects on his experiences living in different countries and the freedom that comes with running an online business. He concludes with advice for aspiring podcasters, emphasizing the need for consistency and passion in their endeavors.

Main Points:

• Kris transitioned from software engineering to SEO and then to real estate.
• Podcasting has become a powerful tool for building relationships in real estate.
• 87% of real estate transactions come from referrals, highlighting the importance of networking.
• Creating niche-specific content can attract the right audience.
• Podcasting can help passive investors connect with opportunities.
• Living abroad has provided Kris with a unique perspective on business and lifestyle.
• Online businesses offer more flexibility and lower startup costs compared to traditional businesses.
• Most podcasts fail within the first few episodes due to lack of monetization.
• Consistency is key in building a successful podcast or business.
• Finding and following your passion is essential for long-term success.

Connect with Kris Reid:

• https://linkedin.com/in/krisreidre/
• https://www.facebook.com/IconsOfRealEstate
• https://www.instagram.com/iconsofrealestate
• https://www.youtube.com/@iconsofrealestate
• https://www.tiktok.com/@iconsofrealestate
• https://iconsofrealestate.com/framework

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Dr. Allen Lomax and Bill Westrom delve into the complexities of family finances, exploring Bill's unique journey into financial strategy and the revolutionary concept of Credit Line Banking. They discuss the alarming state of consumer debt in America, the misconceptions surrounding traditional financial advice, and the importance of understanding money flow within the economy. Bill emphasizes the need for a paradigm shift in how individuals manage their finances, advocating for education over mere assistance in financial matters. In this conversation, Bill discusses the flaws in the traditional banking system and presents his innovative approach to managing money through 'Credit Line Banking.' He emphasizes the importance of changing the flow of money, understanding sweep accounts, and leveraging financial strategies to reduce debt and interest costs. Bill also outlines his unique service offering, which includes a personalized approach to financial education and a six-month guarantee for his clients.

Main Points:

• Bill Westrom's journey into financial strategy was accidental but driven by passion.
• Teaching financial literacy is more impactful than simply providing help.
• The economy's health is directly tied to individual money flow.
• Consumer debt in America has reached alarming levels, with many struggling to manage it.
• Debt is often misunderstood; it's the repayment terms that create issues.
• Traditional financial advice may not serve the best interests of consumers.
• Understanding the real cost of debt is crucial for financial health.
• The average American faces significant deductions from their income due to taxes and debt payments.
• Financial strategies should be reevaluated to better serve consumers' needs.
• The banking system operates on a model that may not be transparent to consumers. Bankers often operate like hedge funds, focusing solely on profit.
• Changing the flow of money is key to financial success.
• Interest rates are less important than the balance owed.
• Sweep accounts can help manage idle money effectively.
• Consumer banking strategies can be enhanced by executive banking techniques.
• Establishing a 'bill payday' simplifies financial management.
• Manipulating the flow of money can lead to significant interest savings.
• Bill's service is personalized and focuses on individual financial situations.
• A six-month guarantee ensures accountability in Bill's program.
• Continuous learning is essential for financial empowerment.

Connect with Bill Westrom:

• bill@truthinequity.com
• https://truthinequity.com
• https://www.linkedin.com/in/bill-westrom-49898317/
• https://www.facebook.com/bill.westrom.9/
• https://x.com/billyjelly?lang=bg

We'd love to hear from you. What are your thoughts and questions?

In this enlightening conversation, Rob Haynie, a leading expert in life settlements, shares his journey and insights into how life insurance policies can be transformed into valuable financial assets. He discusses the evolution of the life settlement industry, the process of selling life insurance policies, and the significant financial benefits that can be realized. The conversation emphasizes the importance of awareness among seniors and financial advisors regarding the potential of life settlements as a financial planning tool.

Main Points:

• Life insurance policies can be valuable financial assets.
• Many people are unaware of the life settlement option.
• Seniors often need income or long-term care funding.
• Life settlements can provide significantly more than cash surrender value.
• The life settlement industry is regulated in most states.
• Investors in life settlements include institutional capital funds.
• Life settlements can help improve financial outcomes for seniors.
• Financial advisors should review clients' life insurance policies regularly.
• Retained death benefits can be structured in life settlements.
• The life settlement industry has a strong track record with zero consumer complaints.

Connect With Rob Haynie:

• rob@lisettlements.com
• https://www.lisettlements.com
• https://www.linkedin.com/in/rob-haynie-08656b9/
• https://www.facebook.com/rob.haynie.3
• https://www.instagram.com/johnrobhaynie/

We'd love to hear from you. What are your thoughts and questions?

In this episode of Streams to Impact, host Dr. Allen Lomax speaks with financial expert Drew Boyer about the intersection of personal finance and music, particularly hip hop. Drew shares his journey from a young intern during the tech bubble burst to becoming a certified financial planner. The conversation covers common financial mistakes, the burden of student loans, and the importance of finding genuine financial advisors. Drew emphasizes the need for financial literacy, planning, and the importance of investing in oneself. He also discusses his book, 'HipHopxFinance,' which aims to make personal finance accessible and engaging through the lens of music.

Main Points:

• Drew's journey into finance began during a challenging market.
• The influence of hip hop culture on financial ambition is significant.
• Common financial mistakes include excessive student loan debt and credit card misuse.
• Planning ahead is crucial to avoid debt traps.
• Financial literacy is essential for navigating modern financial challenges.
• Finding a genuine financial advisor is key to successful planning.
• Debt remediation can be achieved through negotiation and planning.
• Investing in knowledge is the best investment one can make.
• Personal finance should be engaging and relatable.
• Combining passions can lead to fulfilling career paths.

Connect With Drew Boyer:

• drew@boyerfinancialgroup.com
• https://hiphopxfinance.com/
• https://www.facebook.com/hiphopxfinance
• https://www.instagram.com/hiphopxfinance/
• https://www.instagram.com/drewboyer78/

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Ashutosh Garg shares his remarkable journey from a military background to becoming a successful entrepreneur and author. He discusses his experiences in international business, the significance of the Indian diaspora, and the evolving perspectives on immigration. Ashutosh also delves into his insights on management wisdom derived from Indic scriptures and reflects on the lessons learned from his father, emphasizing the importance of fatherhood in personal development.

Main Points:

• Ashutosh Garg's journey spans multiple countries and industries.
• He emphasizes the importance of education in Indian culture.
• The Indian diaspora has significantly contributed to global economies.
• Ashutosh's podcast aims to create a digital library of knowledge.
• His books focus on management wisdom and personal development.
• Diversity, equity, and inclusion are critical in modern organizations.
• The role of a father is crucial yet often overlooked.
• Ashutosh's experiences in healthcare have shaped his entrepreneurial path.
• India's economy is rapidly growing and evolving.
• Writing has been a transformative process for Ashutosh.

Connect with Ashutosh Garg:

• https://www.equationcoaching.com/
• gargashutosh@gmail.com
• https://www.linkedin.com/in/coach-ashutoshgarg/
• https://www.facebook.com/TheBrandCalledYou/

We'd love to hear from you. What are your thoughts and questions?

In this episode of Streams to Impact, Dr. Allen Lomax interviews Brian Kiczula, an expert in cost segregation and depreciation acceleration. Brian shares his journey from the mortgage industry to specializing in cost segregation, explaining how it helps real estate investors maximize cash flow through strategic tax deductions. The conversation covers the intricacies of cost segregation, including what properties qualify, the benefits and drawbacks, and the importance of understanding IRS guidelines. Brian also discusses bonus depreciation and the potential for lookback studies, emphasizing the need for investors to consult with their tax advisors to make informed decisions.

Main Points:

• Cost segregation allows for accelerated depreciation on real estate assets.
• Investors can benefit from understanding the components of their properties.
• Not all improvements are depreciable; proper classification is key.
• Bonus depreciation can significantly impact investment decisions.
• Lookback studies can help recover missed depreciation from prior years.
• Consulting with a CPA is crucial for maximizing tax benefits.
• Cost segregation studies can be beneficial for both small and large property owners.
• Understanding the timeline of property ownership is important for tax strategy.
• Investors should be proactive in seeking cost segregation benefits.
• The landscape of tax laws can change, impacting depreciation strategies.

Connect with Brian Kiczula:

• brian@costsegrx.com
• https://www.realestateexplainer.com

We'd love to hear from you. What are your thoughts and questions?

In this episode of Streams to Impact, Dr. Allen Lomax interviews Adrienne Green, a seasoned real estate investor and systems expert. Adrienne shares her journey from house hacking to building a multi-million dollar real estate portfolio. She discusses the importance of mindset shifts, the challenges of implementing systems and virtual assistants, and the creation of a course to help others navigate the complexities of real estate investing. The conversation emphasizes the need for continuous growth and adaptation in the real estate business.

Main Points:

• Adrienne's journey began with house hacking, leading to passive income.
• Mindset shifts are crucial for growth in real estate investing.
• Leveraging virtual assistants can free up time for investors.
• Implementation involves trial and error, with a focus on systems.
• Creating SOPs is essential for managing virtual assistants effectively.
• Continuous evaluation of business performance is necessary for success.
• Mistakes are part of the learning process in real estate.
• Networking and learning from others can accelerate growth.
• Technology can streamline processes and improve efficiency.
• Having a clear vision and accountability is key to achieving goals.

Connect with Adrienne Green:

• adrienne@adriennegreen.com
• https://adriennegreen.com/
• https://www.facebook.com/ARealGreen123/
• https://www.instagram.com/arealgreen
• https://www.linkedin.com/in/arealgreen/