Sinopsis
We are here to bridge the gap between wage & wealth for those who are successful at their W2 job but seek to produce more passive / residual income and build generational wealth through real estate investing. Each week I'll interview successful W2 Capitalists as well as industry experts and mentees I've taken under my wing to push them toward their 1st or next REI acquisition.
Episodios
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Running with Blinders On: Surprise Others and Yourself
12/06/2024 Duración: 03minEver been so focused on your goals that you surprise not only others but yourself too? This week, we’re diving into a hilarious and unexpected lesson from my recent slow travel adventures. As my family and I navigated the challenges of hotel living amidst noisy teams and sleepless nights, I had a moment that perfectly illustrates the power of singular focus. We’ll explore how maintaining focus, even in chaotic situations, can lead to surprising outcomes. Listen for a mix of humor, real-life insights, and a reminder that dedication to your goals can lead to extraordinary moments. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Cow Patty Party Capital: Creative Fundraising and Resourcefulness in Real Estate
11/06/2024 Duración: 04minEver heard of a cow patty party? No? Well, get ready for a wild story from my hometown that’ll make you rethink creativity in real estate investing. This episode, we're exploring the quirky tradition of the cow patty party and its surprising connection to finding cash-flowing deals in today’s challenging market. Tune in to hear this unusual tale and learn how thinking outside the box can lead to success in real estate investing. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Finding Cash Flow in Today’s Market: Strategies and the 28-Day Deal Flow Challenge
10/06/2024 Duración: 03minIn this episode, we're tackling a question on every real estate investor's mind: "Will I ever find another deal that cash flows?" Join us as we dive deep into this topic and we'll also introduce you to our 28-Day Deal Flow Challenge, a structured plan designed to boost your deal flow. Markets may have shifted, but by dedicating time and effort to these steps in this challenge, you can still find deals that meet your cash-flowing criteria. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Escaping Real Estate Investor's No Man’s Land: Stop Comparing, You're Thriving!
07/06/2024 Duración: 03minIn this episode, we’ll delve into the realm of the Real Estate Investor's No Man's Land. We’ll explore what it means to be stuck in this desolate area of real estate investing, where motivation dwindles, stress mounts, and growth feels stagnant. Success in real estate investing isn't about matching someone else's pace; it's about finding what works for us and staying true to our goals. Tune in for insights on navigating this challenging terrain and breaking free from the Real Estate Investor's No Man's Land. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Pit Crew Pit Stops: Adventures in Nomadic Slow Travel with Kids
06/06/2024 Duración: 03minGet ready to join the adventure with our nomadic crew as we dive into the humorous realities of frequent pit stops, highlighting our personal best of a 197-mile stretch without pausing. From Hardee's biscuit breaks to unexpected naps, discover the strategies behind our epic journey milestones and the chaos that ensues during our "pit crew pit stops." So buckle up and tune in as we navigate the highs and lows of life on the road, one mile at a time! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Introvert's Journey: From Virtual Meetups to Real-Life REI Conferences
05/06/2024 Duración: 03minIn this episode, I’ll open up about my journey as an introverted real estate investor. Discover how virtual communities have played a pivotal role in my growth and helped me overcome the anxiety associated with in-person events. If you're an introvert struggling with networking in the real estate world, this episode offers practical advice on leveraging virtual connections to ease into face-to-face interactions. Learn how you can push beyond your comfort zone, build valuable relationships, and boost your confidence in real estate investing. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Cash for Keys Success: A Win-Win Solution for Tenant Transitions
04/06/2024 Duración: 05minIn today’s episode, we delve into the successful implementation of a "cash-for-keys" strategy. Learn how this approach can be a win-win for both landlords and tenants, offering a swift, cost-effective alternative to the lengthy and costly eviction process. I'll share the story of my first cash-for-keys success with a long-term resident who had become a problem tenant. Discover the step-by-step process we used, from the initial offer to the signed agreement, and the clean-up after the tenant's departure. Hear about the benefits of this strategy, including how it can help you avoid legal battles, reduce stress, and maintain property conditions. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Burst Pipes & Tenant Rights: Navigating Water Leak Reimbursements
03/06/2024 Duración: 02minWe’ll discuss in this episode our straightforward policy for reimbursing residents for water leaks, an issue we've frequently encountered across our property portfolio. From burst pipes hidden behind walls to leaks under the slab or in the yard, water leaks can cause significant stress for both landlords and residents. We'll walk you through our process of handling these situations, including how we calculate reimbursements based on residents' average water bills over the past year. Learn how to implement this water leak policy and other techniques to enhance your landlord-resident relationships. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Filtering For Quality Self-Managed No Hassle Tenants
31/05/2024 Duración: 05minIn this episode, we explore the importance of implementing proper filters from the very first interaction with potential tenants. Join us as we dissect a real-life interaction with a prospective tenant, Jaylin, and uncover the red flags that signaled she wouldn't be a suitable tenant. Discover why having a stringent filtering process is crucial for saving time, money, and headaches down the road. We'll share practical tips on setting up your own filtering system to weed out unsuitable candidates and ensure you find the right residents for your properties. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Finally Figured Out How BnB Guests were Accessing Our Owner’s Closet
30/05/2024 Duración: 03minIn this episode, we reveal how guests were accessing our owner's closet and garage despite our best efforts to keep these areas off-limits. Discover how we maintain security with keyed deadbolts and electronic numeric keypads, and hear about our puzzling experience with guests repeatedly breaking into the garage. Learn from our mistake and get practical tips on securing your property, ensuring your off-limit areas remain truly private. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Making Tiny Shifts to Acquire Better Deals
29/05/2024 Duración: 02minInspired by James Clear's "Atomic Habits," this episode dives into the importance of focusing on your current trajectory rather than immediate results. Join us as we recount a personal story about building a chevron-style outdoor table and how a tiny deviation in measurements can lead to significant misalignment over time. Learn how to make these tiny, impactful shifts and start building the future you desire, one small habit at a time. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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End Virtual Assistant Turnover with Simple Science
27/05/2024 Duración: 03minIn this episode, we tackle the frustrating issue of VA turnover and how you can break the cycle using a bit of simple science—no degrees required! Hear about a real community member's experience and the solution that turned things around: hiring based on personality traits. Discover why highly neurotic individuals excel in admin roles and how the Big Five Personality Test can be your secret weapon in finding the perfect VA. Don’t miss this chance to transform your hiring strategy and achieve greater success with your VAs! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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$18,856 in HVAC Replacement Costs in the last 6 Weeks
24/05/2024 Duración: 02minIn this episode, we dive into the critical importance of capital reserve accounts, highlighted by a recent $18,856 HVAC replacement expense. Learn how combining cash, lines of credit, and the cash value of a whole life insurance policy can safeguard your finances. We discuss the benefits of high-interest savings accounts, strategic use of credit lines, and leveraging life insurance policies. Learn some valuable tips to help you plan for those inevitable big expenses. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Proving Real Estate Agents are Useless Wastes of Money?
23/05/2024 Duración: 05minIn this episode, I address Glenn's comment and explain why real estate agents are far from useless. This discussion stems from a post I made in our community, where we focus on finding seller financing opportunities through off-market mailers, not the MLS. Glenn's comment inspired me to dive deeper into this topic. I'll outline the four types of real estate transactions in this episode and explain why most of our community's strategies don't always need their involvement. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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7 Levels Deep to Find Out Why You Want to Build a Portfolio
22/05/2024 Duración: 05minIn this episode, we delve into the importance of discovering your deeper "why" to fuel your investment journey, using the "7 Levels Deep" exercise to unearth your true motivation. This method involves continuously asking yourself why you invest in real estate until you reach that profound AHA moment. We discuss how a clear purpose, we also emphasize the role of community support, significantly boosts your chances of achieving your goals. If you've lost sight of your "why" or need a motivational boost, this episode is for you. Listen in to learn how to find and maintain your driving force in real estate investing. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Top 3 Problems Investing Parents are Struggling with Right Now
21/05/2024 Duración: 08minHey busy parents and side hustlers! In this episode, we dive into the top challenges you face when growing your real estate portfolio, based on insights from almost 100 market research calls. Many of you struggle with finding cash-flowing deals, securing capital for down payments, and managing your time effectively. We discuss the impact of current market conditions, explore creative financing options, and share practical strategies to overcome these obstacles. If these challenges resonate with you, reach out (205-249-0248) to join our growing community and discover valuable tips and resources. Plus, don't miss the insights from Jason Wojo of Lifeonaire on prioritizing what's important in your schedule. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Create a Legacy Video or Letter
20/05/2024 Duración: 06minHappy Monday! It’s time for our weekly challenge. This month, our community focus is on Legacy, a topic our members are passionate about. Today’s challenge is to create a Legacy letter or video for your children or future generations. Explain why you chose real estate investing to build a family legacy, share your hopes, advice on personal finances, and lessons learned. This can be a recurring activity. Record a video or audio if you prefer. Start documenting your legacy today—your future generations will thank you! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Our Tax Code is F’d Up
17/05/2024 Duración: 04minHappy Friday, everyone! Today, I’m sharing a story about the chaos of our tax code and why it’s so frustrating. Despite having a CPA, I faced a bizarre situation with the IRS that highlights the inefficiencies and confusion within the system. Despite trying to pay what we owed, I kept getting no balance due on the IRS site for months. Then, out of the blue, I received a letter from the IRS, not demanding payment, but sending us a check for overpaying! Listen in to hear the full story and my thoughts on our convoluted tax system. Are you team April or team October when it comes to filing taxes? Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Never Accept Debit or Credit Cards for Rent Payments
16/05/2024 Duración: 07minHey busy parents! In today's episode, we're diving into why you shouldn't accept credit or debit card payments for rent. I'll share a painful lesson learned from my own experience and explain the potential pitfalls. We initially thought accepting card payments through Hemlane was a great idea for tenant convenience. However, we faced a major issue when a tenant disputed a payment, leading to a loss of three months' rent. I'll break down the risks involved and why we've switched exclusively to ACH transfers. If you've faced similar challenges or have insights on ACH transactions, I'd love to hear from you. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X
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Realize the Gain
15/05/2024 Duración: 08minHappy Wednesday, everyone! If you've been wondering about Monday and Tuesday's missing episodes, I've got a story for you. Today, I'm sharing a personal example of how juggling multiple roles—being a parent, a spouse, and a side-hustling real estate investor—can sometimes lead to missed goals. Instead of stressing out, I'm learning to accept that it's okay to miss a beat sometimes, thanks to the book The Gap and the Gain by Dan Sullivan and Ben Hardy( https://www.amazon.com/Gap-Gain-Achievers-Happiness-Confidence/dp/1401964362). Tune in to hear how I'm striving for consistency rather than perfection and why it's important to recognize and celebrate your progress, even when things don't go as planned. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X