The Freedom Chasers Podcast

De: by Play. B Podcast Productions
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  • Resumen

  • The chase for financial freedom begins. Join hosts Matt Cavanaugh and Tim Winfrey as they interview leading real-estate agents and investors. Listen to the stories and be inspired by the ups and down of the world of real-estate from agents and investors.
    Copyright by Play. B Podcast Productions
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Economía
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Episodios
  • The Secret To Achieving Financial Freedom Through Real Estate Investing and Software Development

    The Secret To Achieving Financial Freedom Through Real Estate Investing and Software Development
    Oct 13 2022
    Bryce Matheson is a house flipper and a serial entrepreneur. He has done some crazy transactions! He bought an abandoned house and a shed from a man who was in jail for grand theft (only to find out that someone was living in the shed without the owner's knowledge)! He now is getting more into the private lending space! In college he studied IT and became very knowledgeable in that subject! He has put that education to good use in the business field! He has created 3 software programs for real estate investors and lenders to utilize.

    On this episode of The Freedom Chasers Podcast we talk to Bryce Matheson about flipping houses, investing in real estate, lending, and building software. Join us as we talk about Bryce’s journey to financial freedom!


    How to reach Bryce Matheson:

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

    Youtube: https://www.youtube.com/c/BryceMatheson

    Website: https://brycejmatheson.com/web-hosting-course/


    Quotes:

    “That's kind of where I tasted the blood in the water and that's where it just started.”

    “There were too many of those little things that added up.”

    “All those little things added up and ultimately that’s, I think that’s the problem and it came back to bite us.”

    “The banks have the biggest buildings for a reason.” - Matt

    “All of these different methods are tools in your toolbelt that you can use to make money.

    “Mostly just because it's kind of like the headache tax.”

    “I'm not going to just say no to free money.”

    “All too often people are afraid of taxes.”

    “There's very little downside but there's all the upside.”

    “I have to say “no” more than I say “yes” ”.


    Concepts:

    Bryce bought a broken down house from a guy who was in jail for grand theft! He had to communicate with him by letters!

    Bryce bought his house a couple years ago and he met his wife because of real estate investing!

    Bryce used to study IT in college but then switched to real estate when he decided to buy a house!

    Sometimes people over think about the house they’re looking at and can think themselves out of the idea of buying the house.

    Bryce has a good strategy. When he gets money, he pays things he has off and invests in real estate.

    To not flip and sell a property, Bryce said that the interest rates would have to be super high!

    Bryce has started to get into lending! Right now Bryce is only lending to people locally.

    Bryce has a lot of opportunities but he’s found that most of the time he has to say no. He wants to say no more than yes so that he’s not so swamped with ideas!


    Time Stamps:

    0:00- Introduction
    0:31- Craziest Real Estate story or Transaction
    8:56- What got you into Real Estate?
    11:53- What was the transition into Real Estate?
    13:28- What was the next step?
    16:14- What do you like about flipping more?
    18:05- What did you do wrong the first time?
    19:57- What did you do with your cash?
    22:31- What would it take to hold a property and not flip it?
    25:52- What are the headaches of being a lender?
    27:10- Do you lend locally?
    28:45- What is your tax strategy?
    30:57- What is rentastic?
    33:01- What is the work process?
    26:46- What do you recommend for getting into the business of coding?
    41:44- What does the next 6-12 months look like for you?
    43:27- What is your money tracking system?
    46:12- Note servicing company?
    47:10- Non performing notes?
    48:22- What is the best way to reach out to you?
    49:10- ENDING


    👍 Keep up with The Freedom Chasers:

    Subscribe to our YouTube: https://www.youtube.com/channel/UC4_Wkdt-M2rKLmfucReIneg?sub_confirmation=1
    Follow us on Instagram: https://www.instagram.com/podcast_tfc/
    Follow us on Twitter: @tfcp_podcast
    https://www.facebook.com/groups/freedomchaserspodcast
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    50 m
  • Lower Costs And Increase Revenue With The BRRRR Strategy Through Vertical Integration

    Lower Costs And Increase Revenue With The BRRRR Strategy Through Vertical Integration
    Oct 12 2022
    Joshua Wilson is a force of nature in business. He has had the entrepreneurial spirit since he was young and has used that energy to not only create a profitable business using the BRRRR method. Josh has had a ton of success scaling this business using vertical integration strategies and finding ways to add more cash flow by adding additional ancillary businesses.

    Don't Forget To Reach Out To Joshua Wilson

    Brrrrbootcamp.com

    Quotes

    Imagine every time you buy a house you are creating a new customer for a variety of different businesses. Landscape, pest control, rehab, property management, real estate brokerage, insurance brokerage. Trying to buy all the income streams that come with a rental property.

    Every property we buy provides income to multiple entities.

    I can then be the visionary so I can focus on creating ideas.

    I remember being on the beach and I was taking vendor calls, property management calls and other things. I am sitting at the beach with my family but I am not present at the beach where I am working so I needed to find some balance.

    I want to have something in place that runs 24/7 so I don’t have to be reactive 24/7..

    If you don’t have a good leader nobody knows where they are going and everybody has their heads in the sand. Eventually you are going to turnover. So it is important to put quality people in the right seats.

    There is no magic formula for hiring people. You just know there is a gut instinct you have to rely on.

    Grow and scale like a true entrepreneur.

    Buy real estate and build a foundation and then buy ancillary businesses.

    Concepts

    Didn’t graduate college. Didn’t get good grades, he just always had the entrepreneur spirit. When he was a kid he was on a cruise with his grandparents. They gave him the card they give you so you can buy things on the ship. So he let his friends use his card but he would charge them $1-$2 more. At the end of the cruise he had a $700 bill on the card and his grandparents were pissed. He pulled out his wad of cash and he ended up making over $100 in profit. He hasn’t looked back since then.


    We add our own little touch to the BRRR method which is called vertical integration. Lots of people are doing this process and they are not vertically integrating.

    The first thing they did was start a property management company out of necessity. I would create a company it would start thriving and than as an entrepreneur I would get bored so I would look into what is next

    I look at the P&L to see where we are spending the most money and then identify where we are allocating the most costs. Than you can decide which opportunities are available

    When we are paying a vendor over 150k a year I feel we have enough there to ramp up that entity.

    When you remove yourself from a business before you can pass it off. You need somebody to fill the integrator role that can implement the vision.

    Goal is to hit 50 million in the next 5 years.

    It is easier to acquire established businesses than it is to start a business.

    Looking back up to 3 years for comps due to market volatility. If you are buying properties based on the last 6 months you are gonna get hurt.


    Time Stamps

    0:00 Introduction
    0:30 Crazy Story
    2:10 Vertical integration
    5 Why vertically integrate rather than to get more deals.
    7 How to use P&L to identify where to vertically integrate.
    8:30 How do you identify when it is time to get out of a new venture
    10:30 how do you know when a business has arrived.
    12:55 Walk us through step by step how you find these people etc.
    18 Operator vs overseas COO for business.
    18:40 Interview process
    20 Covid story
    22:45 Easier to buy established businesses than new ones
    24 Entrepreneur story with cruise ship story.
    27:30 Why BRRR ?
    29:50 Now that rate environment is different how are you still buying 5 million dollars in assets
    33:30 He is going after data. He is not an economist.
    34:35 Does the bootcamp teach vertical integration


    👍 Keep up with The Freedom Chasers:

    Subscribe to our YouTube: https://www.youtube.com/channel/UC4_Wkdt-M2rKLmfucReIneg?sub_confirmation=1
    Follow us on Instagram: https://www.instagram.com/podcast_tfc/
    Follow us on Twitter: @tfcp_podcast
    Join Our Facebook Group: https://www.facebook.com/groups/freedomchaserspodcast/
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    37 m
  • Former NBA Coach Shows You How To Build A $30,000/Month Real Estate Portfolio In Just 15 Months!

    Former NBA Coach Shows You How To Build A $30,000/Month Real Estate Portfolio In Just 15 Months!
    Oct 11 2022
    Julian Mills is the CEO of Mills and Co. Real Estate based in Ohio. Working in the NBA as a video intern years before, he enjoyed the finer things in life–from eating meals prepared by personal chefs to practising with Steph Curry. Never in his life had he thought that he’ll be working in real estate.In this episode, Julian shares how while working at the Bank of America in 2020, he made a vow to figure out something to do with his life. And this is when he dived head-on into real estate. Now a millionaire, he shares in this interview how he was able to possess 29 properties within 15 months.His number one takeaway in his experience? Surrounding yourself with people who inspire you to be at your best.Don’t Forget To Reach Out To Julian Mills:Instagram: https://www.instagram.com/iamjulianmills/?hl=enLinktree: https://linktr.ee/Millscorealestate Facebook: Julian Scott MillsTwitter: @iamjulianmills Website: https://www.millscorealestate.com/ Email: management@millscorealestate.com Quotes - “Sometimes you think you're an athlete um no honestly because the because it's crazy like when you're in that life like I talked to my friends it's surreal and you think that's normal when you're embedded in it.”“I mean enjoyed my life but when that ended, I knew it was going to end. I had to figure something out. And so I wasn't smart with that money. I'll be honest I wasn't smart; I just enjoyed my life.” “When I had to go work that daily bank job, doing something that I didn't want to do, it was a wake-up call. And I was like, ‘Yo I gotta figure something out. [What’s] happening my life is not going to be like this.” “I know eventually that light at the end of tunnel is going to get brighter and brighter to where I'm not doing this anymore, and now, I'm free .”“I've heard that the greatest source of millionaire makers is in real estate, but thegreatest source of billionaire makers is in business.”“A lot of people neglect their network. “Network is your net worth,” man. There's no truer saying I've ever heard.”“There's been times where I haven't been like–it hasn't all went perfect. But I've always learned and just tried to be my true authentic self. “Whatever happens, happens. Whatever comes my way comes, my way. Whatever doesn't, wasn't meant to be.”“I truly am blessed, like I can't say it enough, by my network of people because if it wasn't for them, I wouldn't be in the position.”“It's funny how when you start making more money, you spend less money because you don't need those things.”“It's about the people that are year-round. And I'm very selective with my friends and who I give my time and energy to because of how much that really affects you.” Concepts Unfortunate things can happen suddenly, but how you rise up from them is what really matters.When you step down from a nice job, it’s up to you how you get back up and spend your valuable time.Don’t take your work for granted because when you lose it, one way or another, you might not find anything quite like it.Apply the habits, work ethics, and other learnings you’ve gathered through the years to any venture you enter in.No matter how good you are at something, constant practice is important so that you can still improve with your craft.Take inspiration from other people’s admirable work ethics and apply these learnings in your own field.Use your networks, connections, and any resources available to expedite your business success.Your network is your net worth.As you develop crucial work ethics in your life, don’t forget to stay authentic and genuine when faced with difficulties and success.Even if you have the means, you still need to be careful where you put your money and what you spend. Be creative when trying to make money from your business. Take a chance and figure out what to do next.Time Stamps 0:00 Introduction0:23 Tenants calling at 2 AM4:09 Investing in Springfield, Ohio5:20 Working in the NBA11:30 Life among NBA players13:16 Transitioning to real estate16:00 Getting a job at Bank of America17:10 Applying his work ethics to real estate19:43 Rebounding for Steph Curry21:19 Inspired by other's work ethics22:00 Steph Curry’s daily routine25:50 Networking at various levels27:30 Looking for an opportunity29:00 Memo and Junior Money30:52 The cat lady33:52 Buying properties you never thought you’d buy34:50 What brought you back to Ohio?36:38 15 months, 29 properties40:00 Deals after deals after deals44:00 Selling and buying properties46:15 What’s next for you?48:50 Thanks to you, coach!51:30 Contact Julian MillsSources Mentioned 👍 Keep up with The Freedom Chasers:Subscribe to our YouTube: https://www.youtube.com/channel/UC4_Wkdt-M2rKLmfucReIneg Follow us on Instagram: https://www.instagram.com/podcast_tfc Follow us on Twitter: https://www.twitter.com/tfcp_podcast Join Facebook Group: www.facebook.com/groups/freedomchaserspodcast
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    54 m
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