W2 Capitalist | Earn. Invest. Repeat.

Join Lexie from Hemlane as she takes over today’s podcast to dive into the hottest property trends and share the benefits of self-managing your rental properties. In this episode, Lexie covers key trends such as the shift to suburbs and rural areas, the rise of green living, and the integration of smart home technology. She also highlights the cost savings, greater control, and personalized service that come with self-managing your properties. Learn how leveraging technology like Hemlane can simplify the process and maximize your investment potential. If you have any questions or want to learn more, reach out to Hemlane and mention you're part of the W2 Capitalists for a special discount. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Welcome to part two of our negotiation series, titled "B&B Cancellations." In this episode, we explore how constant practice in negotiation can transform frustration into confidence and success. Inspired by an epiphany from our last discussion, I'll share a recent experience where my wife, Cassie, and I had to navigate a challenging situation with a B&B guest who wanted to cancel last-minute. Discover how Cassie's persistence, combined with our refined negotiation skills, led to a rewarding outcome.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive into the art of negotiation and how practicing it in everyday situations can transform your real estate investing game. This is part one of a two-part series where I share my personal experiences, starting with a recent incident at a fast-food chain. Learn how holding organizations accountable can boost your confidence and negotiation skills, setting you up for better real estate deals. Tune in as I recount a frustrating yet rewarding daddy-daughter outing and offer a simple challenge to help you enhance your negotiating prowess. Don't miss part two, where we'll tackle B&B cancellations and more! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we're diving into a real estate scenario that many investors face: the decision to sell a property for a quick profit or refinance to reap long-term benefits. I'll share my recent experience with a fourplex we've purchased in 2018. Despite an offer that would give us a $100,000 profit on a $250,000 investment, I chose to refinance instead. Join me as I break down the numbers, discuss the pros and cons of refinancing at a higher interest rate, and explain why cash flow and long-term gains took precedence over an immediate profit. I'll also touch on how we increased rents through strategic renovations and why holding onto the property made more sense for our investment strategy. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive into the world of hard money loans. If you've ever been puzzled by the documentation required for these loans compared to traditional lending, this episode is for you. We'll break down the key documents needed for hard money loans and 30-year fixed DSCR rental loans, highlighting what you should expect and what you shouldn't have to provide. Whether you're tackling a BRRRR or a flip project, get clear on the essentials and avoid the common pitfalls of dealing with lenders who don't play by the rules. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I share an inspiring story about Ryan, a 13-year-old entrepreneur I met at a concert in Winter Park, Colorado. Amidst the fun and music, Ryan was focused on his goal, persistently pitching his cooler's contents to concertgoers. His determination, even in the face of constant rejections and distractions, taught me a powerful lesson in staying focused. Join me as I recount Ryan's story and discuss how his unwavering dedication serves as a reminder for all of us to keep pushing forward towards our goals, no matter the obstacles. Tune in to learn how every "no" can bring you closer to a "yes." Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Join me in this episode as we take inspiration from the hit series Ted Lasso and discuss the importance of "practice" in real estate investing. Inspired by a memorable scene, I share a personal story about how consistent practice can make all the difference. Just like Ted emphasizes practice with his team, we'll dive into the daily, weekly, and monthly habits that keep us sharp and successful in the real estate market. From checking online listings and networking to ensuring maintenance requests are handled, discover how you can apply these principles to know your market and properties better. Tune in, and let’s talk about practice, man! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever been pulled over by a U.S. Forest Ranger and told to exit your vehicle? That happened to me last week in Rocky Mountain National Park. What followed was even more shocking: I found out my driver's license had been suspended for nearly two years without my knowledge! Join me as I recount this bizarre experience and the list of 10 surprising things you can still do with a suspended license. From buying real estate to flying internationally, this story is a reminder that life’s unexpected challenges require resilience, humor, and vigilance. Tune in for a laugh and some valuable insights into navigating life’s curveballs. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Feeling the pressure from all sides? In this episode, I share a recent epiphany that’s helped me handle stress and anxiety more effectively. Like many of us, I juggle numerous responsibilities—from being a better husband and father to serving the W2 Capitalist community and managing rentals. The self-inflicted pressure can be overwhelming, but I've discovered a crucial insight: recalling past successes and relying on my accumulated experience can restore my confidence. Join me as I dive into this realization and offer practical advice for those battling self-doubt. Let’s learn to flip the script on stress and anxiety, focusing on our gains rather than the gaps.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, inspired by a poignant excerpt from the book QBQ, Question Behind the Question by John G. Miller, we explore the concept of adapting to changing conditions in both life and investing. Reflecting on a personal story and a tragic hiking experience, we draw parallels to navigating the shifting landscape of real estate investment. Just as a pilot adjusts to a failed engine mid-flight, investors must pivot when faced with market downturns or unexpected challenges. Join us as we discuss resilience, adaptation, and the mindset needed to thrive in turbulent times. If you're ready to invest differently and navigate these changes with confidence, visit w2capitalist.com/join or text 205-249-0248 to join the W2 Capitalist community. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Negotiating directly with sellers can be intimidating, but with the right prompts, you can confidently steer the conversation. In this episode, I share insights from the W2 Capitalist community, including a special shout out to Brody Oaks for helping create 90 seller negotiation prompts available for free at w2capitalist.com/negotiate. Today, we'll focus on the top six seller financing scenario prompts for tired landlords, designed to help you secure favorable deals. Learn how to ask bold questions that put you in control and make negotiating a breeze. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X  

In this episode, we dive into a crucial lesson in communication inspired by the iconic line from Captain Phillips. Discover how a simple communication breakdown nearly derailed a major renovation project on my four-plex, and learn from my mistake so you don't encounter the same issue. Tune in for practical advice on how clear communication can make or break your real estate projects, and ensure your renovations run smoothly, even when you're miles away. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Join me for a laugh and a reality check as I share the latest batch of ridiculous advice from so-called real estate gurus. In this five-minute segment, I'll dive into five new pieces of "wisdom" that have surfaced on my social media feed. From the absurd notion that you can start in real estate with no money or credit to the misguided idea of buying 10 properties before you’re 30, these gems are sure to entertain and enlighten. Plus, I’ll give a shout-out to busy parents about an exciting new program, BRRRRs for Busy Parents, designed to help you close on your next property without the hassle. Tune in, have a laugh, and learn what not to do from these guru. Got any crazy guru quotes?  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I reveal the three key activities that contribute to 80% of your overall credit score and how you can hack them to improve your financial standing. As real estate investors, having a stellar credit score is crucial for securing funding and getting the best rates. I'll break down the top three factors and learn how maintaining long-term accounts, setting up automated payments, and managing your credit utilization can make a significant difference. Plus, I'll share a pro tip on helping your kids build credit early. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I dive into a critical aspect of property management: ensuring your residents pay rent on time. It's not just about having a simple solution—it's about implementing a comprehensive process that has proven effective for us over the years. Discover the two essential components that contribute to our success: tight leases and adopted policies that lead to trained tenants. I share insights on crafting leases that legally enforce timely rent payments and explain why having clear policies is crucial for maintaining consistency and avoiding exceptions. Join me as I break down our approach to late fees and the specific steps we take when tenants fall behind on rent. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I share an unexpected story about Walmart's outstanding customer service and how it inspired me to think about service in real estate investing. During our nomadic travels, we rely on Walmart for massive grocery pickups as we reach new destinations. We encountered a small hiccup with our order involving ice. What happened next left a lasting impression. Discover how Walmart's Evergreen, Colorado, location went above and beyond to resolve our issue and why this experience made me rethink the service we provide to our residents. Tune in to hear the full story and join the conversation on how we can all enhance our service levels, even with the smallest gestures. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we tackle a controversial topic: Should you set up a GoFundMe page because you made a mistake on an investment property? I share my thoughts on taking responsibility for our actions and the importance of extreme ownership. A recent story about a young sailor who lost his boat in a storm and turned to GoFundMe sparked this discussion. Tune in to hear my take on this issue, the lessons we can learn from it, and why relying on others to bail us out isn't the best approach. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Welcome to part two of our series on hard money loans! In this episode, we dive deeper into the loan structures and how hard money loans can fund your projects. If you missed part one, be sure to check out yesterday’s episode for an introduction to the who, what, when, where, why, and how of hard money loans. Whether you're an experienced investor or just starting out, this episode will provide valuable insights into the mechanics of hard money loans. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive deep into the world of hard money loans, breaking down the essential who, what, when, where, why, and how. We'll explore five key reasons why investors might choose hard money loans and who they are best suited for. As a hard money lender myself, I frequently get questions about this topic, and I hope this episode serves as a helpful resource for anyone considering hard money for their next project.Tune in tomorrow for part two, where we'll discuss loan structures and how hard money loans can fund your projects. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive deep into the world of seller financing deals. We'll explore why many sellers struggle with understanding interest payments and how to simplify these conversations for smoother negotiations. I'll share my insights on avoiding interest rate discussions and structuring deals to benefit both parties, especially when it comes to tax implications. Remember, always consult with a CPA for personalized advice. Let's make seller financing less daunting and more profitable! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X