Wealth Secrets

Today on The Wealth Secrets Podcast, Sean Adams talks to Lane Kawaoka, real estate syndicator and host of the Simple Passive Cashflow Podcast. Previously, he worked as a licensed engineer for 12 years. During that time, Lane started investing in real estate. As he grew his network, he eventually transitioned to multi-family real estate and syndicate investing. Now as a financial mentor, he helps his clients generate more passive income through high level investing.

[02:22] Getting to know Lane Kawoaka

[03:47] Residential Real Estate is Not Scalable

[07:06] Grow Your Net Worth Through a Larger Network

[10:14] Getting Started with Syndicate Investing

[16:28] Where to Invest and What Markets to Focus on

[19:51] Why Invest in Multi-Family Real Estate?

[25:02] The Government Incentivizes us to Invest in Certain Places

[27:18] Cash Value Life Insurance as Opportunity Funds

[34:28] Returns and Appreciation from Syndicate Investing

When Lane had a full-time job as an engineer, he invested in residential real estate for another source of cash flow. With the additional income, he started investing in more property. Eventually, he realized that investing in single family housing would be hard to scale due to the attention required to manage both the properties and the tenants.

Through networking, he discovered the world of private placements and syndications. Syndications pool together investors in order to fund an investment. A general partner (GP) oversees the whole investment while limited partners (LP) are passive stakeholders. LPs do not have any risk of debt since the GP signs his/her name on the contracts.

If you’d like to start investing as a limited partner, you need to know how to identify legitimate from bogus deals. A background in real estate is helpful but ultimately, your network will be your source for reliable information. Lane also advises LPs to invest no more than 5-10% of their net worth in a single deal.

Links and Resources

Lane’s Website

Lane’s E-mail

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

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Carter Malloy is the founder and CEO of AcreTrader, a proprietary online investment platform that enables investors to purchase shares of farmland online while managing all aspects of farm management, reporting, and administration. Over the past 12 months, AcreTrader has doubled its employee count, more than tripled its investor pool, and increased the total funds raised on the platform by almost 12 times.

Carter grew up in a farming family and has a lifelong passion for investing and agriculture. Before AcreTrader, he spent five years as a partner at a $1 billion equity investment firm.

[02:29] Getting to Know Carter Malloy

[04:08] The Future of Farmlands in the U.S.

[06:28] Portfolio Diversification Through Farmlands

[09:00] The Advantages of Investing in Farmland

[11:31] How the AcreTrader Platform Links Farmers to Investors

[13:55] Who is an Accredited Investor?

[15:49] How Carter and his Company Source Farmland Investments

[17:44] Characteristics of an Exceptional Piece of Farmland

[20:32] Leasing Farmland in the U.S.

[22:18] Typical Returns on Farmland Investing

[25:10] How the Pandemic Positively Affected the Agriculture Space

Future of Farmlands and AgriTech in the U.S.

Increased market volatility and the unexpected Covid-19 pandemic have forced investors to look for alternative investment opportunities that can be resilient throughout an economic cycle. With the number of unexpected market events seemingly on the rise, farmlands are gaining more mainstream acceptance by guaranteeing attractive long-term annualized returns. Interestingly, farmland returns have historically been highly resilient throughout challenging economic periods.

Advantages of Investing in Farmland

With growing urbanization, there are fewer and fewer acres available in the U.S. for farmland. However, the global population is growing, which comes back to our earlier point on supply and demand. There’s less land but more demand for the food from that land. No investment is without risk, though. The good news is that farmland is mostly not correlated with the stock market and only ever benefits from inflation.

During asset allocation, investors are always on the hunt for opportunities that have a low correlation. From an investment standpoint, correlation refers to how often the returns on two investments can be affected by the same market movements, either up or down. Farmland typically exhibits no correlation with the more famous asset classes such as stock and bond markets.

Links and Resources

Carter’s LinkedIn

Carter’s Website

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Today on The Wealth Secrets Podcast, Sean Adams talks to Peter Lount of Ascendant Financial. They discuss the importance of asserting control over one’s financial future by adopting good habits and effective systems.

Peter experienced firsthand how conventional financial tools have failed to achieve his desired results. By becoming his own banker, he now leverages his own cash for maximum returns.

[02:37] Exchanging Time for Money
[05:26] The Problem with Conventional Wisdom
[09:51] Take Control of Your Financial Future
[16:07] Become Your Own Banker
[22:57] Paying Ourselves Back
[26:17] Estate Planning & Generational Wealth

Exchanging Time for Money

At his old job, Peter was earning a six-figure salary. Even with a large income, he and his peers felt like they couldn’t escape the proverbial rat race. Most of them, including Peter, started side hustles in order to make multiple streams of income. In a sense, they were exchanging hours for dollars. However, adding more revenue didn’t necessarily solve their problems. Within such a high paced work environment, they had little time or energy to look into alternative solutions to grow their savings.

The Problem with Conventional Wisdom

As an employee at a big corporation, Peter had to sign up for government benefits. When he moved jobs, the same thing happened. It didn’t feel right to him because it felt like he was losing control over his money. When he finally found a way to get out of the system, he felt empowered.

Government qualified plans are marketed as financial programs that help us get ahead. But if you think about it, the way it works doesn’t seem to work in our favor. You provide them capital but the government sets all the rules and leaves you with very little gains and control.

Take Control of Your Financial Future

The education system lacks courses on financial literacy. As a result, most of us grow up to believe that we are bad with numbers. When we are presented with simple financial products, we buy into it out of convenience. This is exactly what big corporations want.

To stop this cycle, you must learn the basics of personal finance. Take control of your financial future by doing your own research. If you outsource decisions, you won’t get the results that you want. Know what your goals are and take a closer look at the processes behind products or investments. By learning about how money works, you can make decisions that will be in your best interests.

Get in touch with Peter through Ascendant Financial’s website. Join the Cashflow Canucks Facebook group to learn from and collaborate with entrepreneurs and professionals.

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Mark Podolsky is the CEO and founder of The Land Geek, the foremost authority on buying and selling raw land in the US. As an investment banker, Mark dreaded work. He found himself miserable and micromanaged in the reality of his solo economic dependency. So. with $3000, in the early 2000s, he bought his first parcels of raw land. Now, in addition to The Land Geek, Mark owns Frontier Properties, a firm that has created a unique asset class of investing in raw land. He is also the founder of geekpay.io, the author of Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs, and the host of The Art of Passive Income podcast.

[00:40] Introducing Mark Podolsky

[02:54] Mark’s Background and How He Found Raw Land Investment

[08:18] The Raw Land Investment Model

[13:15] Raw Land and Neighbours as Buyers

[18:49] Land Investment, Scalability and Economic Downturns

[23:50] Initial Impediments to Structuring Your Loans

[27:55] Outsourcing, Building Systems and Scaling

[29:09] The Sustainability of Land Investment

[30:30] The Effect of the Pandemic on Land Investment

[32:58] The Future of Land Investment

According to Mark, land is an inefficient market. No one really knows what the value is, and it is determined only by what the buyer and seller agree on at any given time. His investment model begins with taking the lowest estimated value of a plot of land and dividing that number by four. The quotient becomes his initial offer amount to the potential seller.

Mark believes that any model of creating wealth should be scalable. Following advice from a particularly successful entrepreneur, Mark learned to make his business self-sufficient through building systems and teams that kept the gears turning when he couldn't. This scalability allowed Mark the freedom and time that he had searched for, for decades. After 21 years, Mark is happy to work in a niche that meets all his needs. Land investing solved his money and time problems and released him from the clutches of solo economic dependency.

Links and Resources

Mark’s LinkedIn

Mark’s Twitter

The Land Geek Website

Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs by Mark Podolsky

The Art of Passive Income Podcast with Mark Podolsky and Scott Todd

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Sarry Ibrahim is an expert in using life insurance as an asset class and protecting all your assets. He is a financial advisor and helps high-net-worth individuals, real estate investors, business owners, and retirees grow and protect their wealth predictably and safely.

Sarry founded Financial Asset Protection after learning about the Infinite Banking Concept (also known as the Bank On Yourself Concept). He saw this as an opportunity to save retirement accounts, real estate properties, and businesses from market failures and other risks. He earned his MBA from Keller Graduate School of Management in Chicago, IL, and has consulted companies like Blue Cross Blue Shield, Allstate Insurance, Humana, and Cigna Healthspring.

[01:03] Introducing Sarry Ibrahim

[02:09] Sarry's Background and

[03:53] Life Insurance as a Financial Strategy

[08:39] Integrating Life Insurance into a Financial Plan

[11:19] Protection and the Accelerated Death Benefit Rider

[14:30] Tax-Free Death Benefits and Building Generational Wealth

[15:32] Life Insurance and Protecting Your Assets

[18:38] Financial Asset Protection

[29:10] The Drawbacks of Misappropriating Life Insurance Policies

Life insurance as a part of the plan

For the most part, long-term care insurance is a costly product, but clients over the age of 55 can and should get long-term care insurance. Life insurance allows you to use your death benefit for long-term care expenses. Clients can then use their death benefit to cover life insurance and leverage some of it for their long-term care needs through the accelerated death benefit rider.

The accelerated death benefit rider

If you develop a chronic or critical illness, you can draw from your life insurance policy's death benefit an amount greater than the value of your policy. This is a particularly attractive option when you consider that you are far more likely to develop an illness or disability than you are to pass away.

Links and Resources

Sarry’s LinkedIn

Financial Asset Protection Website

Sarry’s Podcast: Thinking Like a Bank

You can also get in touch with Sarry via email at [email protected].

Becoming Your Own Banker: Unlock the Infinite Banking Concept by R.Nelson Nash

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Bridger Pennington is the founder and managing director of Black Bridge Holdings, a privately run debt fund with over 290 deals in 38 states over the last two years. He also runs Investment Fund Secrets, where he helps everyday people without Wall Street experience start and scale their own funds. We talk about why you need to start or invest in a fund, funds as alternative investment opportunities, and how to raise fund capital.

[02:43] Getting to Know Bridger Pennington

[04:23] How Bridger Broke into the Funds Space

[17:01] Why you Need to Start Investing in Funds

[20:35] Funds as Alternative Investment Opportunities

[23:15] How Fund Managers Structure and Run Funds

[28:25] How to Manage Other People's Money

[37:20] How to Raise Fund Capital

[44:50] The Future of Funding

What is an Investment Fund?

Unfortunately, not many people talk about funds and how lucrative managing funds can be. First, a fund is a pool of money where investors put money into the pool, and fund managers take that money to make investments. Once the assets make money, it flows back to the pot and is split between the investors and the fund manager. Compared to other investment opportunities, investing in funds is less complicated. You deposit your money, wait three to ten years, and get a cheque every quarter for the entire period. Funds are one of the most passive investment opportunities in the market right now.

Funds as Alternative Investment Opportunities

The first thing that comes to mind when people think about investing is real estate or stocks. While these forms can be lucrative, the best deals are struck, say in real estate, when the investors go big. What do we mean by that? When investing in real estate, most people don't have the cash to go after 100-unit properties and are therefore forced to focus on 2 to 3-unit options, which is often never lucrative. In contrast, fund managers pull together different investors and go after the big 100-unit properties with better deals and less competition.

Links and Resources

Bridger’s Website

Bridger’s LinkedIn

Bridger’s YouTube Channel

Bridger’s Instagram

Millionaire Next Door: The Surprising Secrets of America’s Wealthy

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

David C. Barnett is a business valuation and acquisition specialist whose primary focus is on small businesses and local investing. He is also the author of three best-selling business books, one of which will be the basis of today’s discussion. We talk about local investing, why small businesses struggle with financing, and the future of local investing.

[03:30] Getting to Know David C. Barnett

[07:40] Why Small Businesses Struggle to Get Financing

[11:16] The Downside to Business Loans

[12:40] Local Investment Opportunities

[17:30] David’s First Encounter With Profitable Local Investment Opportunities

[22:37] Local Investment as an Alternative Investment Option

[24:09] Vetting Process before Closing a Deal

[29:20] Importance of the Human Element During Deal Making

[32:30] Risks Associated With Local Investments

[38:10] Creative Strategies to Grow Your Wealth

[43:18] Unique Local Investment Opportunities in a Post-Pandemic World

[48:56] The Future of Local Investing

Why Small Business Struggle to get financing

Over 95% of all businesses in the country are small businesses, yet banks and financial institutions are often unwilling to finance them. Why is this the case? Most small businesses are owner-dependent, which means if something were to happen to the owner, the business would practically crumble. The other thing is that small businesses are often built upon traditional business models that don’t cushion them during tough times.

Local Investment Opportunities

With small businesses struggling to secure loans, investors can take advantage of this financial gap by financing these businesses at an interest. Mind you, we’re not talking about loaning people with poor credit or exposing yourself to high-risk situations. We’re only after great deals that have higher growth potential and low risks. These businesses can include specialists who need expensive equipment to perfect their crafts. Nonetheless, you need to create a win-win situation where the borrower saves money on interests and gets quality equipment while guaranteeing your security. The more successful a borrower is, the lower your risks and the more transactions you can pull off together

Links and Resources

David’s YouTube Channel

David’s Website

David’s Book: Invest Local

David’s LinkedIn

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Today on The Wealth Secrets Podcast, Sean Adams talks about life insurance. Well known financial advisors like Suze Orman and Dave Ramsey have deemed all life insurance products to be bad investments. But are they wrong?

Sean debunks their blanket statements by going into detail about the different types of policies and insurance companies. More importantly, he explains how the wealthy use life insurance as strategic investment tools.

[03:58] Types of Life Insurance
[07:40] Why is There an Aversion to Whole Life Insurance?
[10:34] Find the Right Advocate for You
[13:13] Cash Value and Loans from a Leveraged Life Account
[17:05] Stock VS Mutual Insurance Company
[21:40] Look for Tailored Advice and Tips

Types of Life Insurance

Term life insurance provides protection for a set number of years from unexpected death. It is very affordable and easy to put in place. The caveat is that it does not have a large death benefit. Financial gurus often advocate for term life insurance as a low cost, convenient safety net. It’s worth stating that less than 1% of term policies are ever paid out. Premature death is unlikely to happen. Once the term is over, the premiums you paid will not be returned and you are no longer covered by the policy. Getting a term life insurance is like renting a house. It’s an expense that you pay every month but there is no earning potential.

The Aversion to Whole Life Insurance

It’s understandable why experts like Suze Orman or Dave Ramsey dislike whole life insurance. There are lots of stories about clients getting ripped off by inflated premiums. Unfortunately, this usually happens with traditional whole life insurance policies. On average, it takes about 10-20 years before you can reap the equity from such policies. With cash value whole life insurance policies, 10% of your payments go to the premium while 90% of it goes to the cash value.

Find the Right Advocate for You

Choose an agency that will be transparent with you. In this way, you can protect your best interests. The wealthy have the best lawyers, agents, and professionals that help them understand financial products. With the expertise they have, they are able to structure policies in a way that benefits them the most. Similarly, you should look to partner with the right people that can help you take advantage of financial tools.

Look for Tailored Advice and Tips

Financial gurus have a large following, most of which are average earning Americans. Their main goal is to help people get out of debt and to provide them with cost effective solutions. Bear in mind that such advice is not applicable to individuals who have above average earnings. Instead of heeding general counsel, look for tips that are suited to your specific circumstance. Always do your own research and take everything you read or hear with a grain of salt.

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

Today on The Wealth Secrets Podcast, Sean Adams talks to Jorge Newbery, Founder and CEO of AHP Servicing, a crowdfunded company that purchases non-performing mortgages from banks at huge discounts. We discuss how he runs a successful for-profit business, the rise and fall of his real-estate empire, and how the average investor can invest in companies through crowdfunding.

[04:06] How Jorge got into Entrepreneurship

[06:30] How Jorge Built a Multi-Million business and Lost it in 18 months

[24:43] The Pivotal Moments in Jorge's Entrepreneurial Journey

[34:13] Why Banks Detest Helping Homeowners

[46:30] How the Average Investor can Utilize Crowdfunding to Grow Their Portfolio

How Jorge Built his Real-Estate Business and Lost it in 18 Months

Unlike other kids his age, Jorge was already selling ice cream to kids in his neighborhood at age 12. By the time he was 16, he had a recording studio but hit his first jackpot when he ventured into real estate. He started out with 4 units and eventually bought an 1100-unit flat that was one of the country's largest apartment complexes.

His downward spiral started when an ice storm rendered his building powerless and therefore not fit for human occupation. HUD terminated all his contracts, took over the property, and left him with a $26 million debt. He spent 13 years building his empire, yet it took only 18 months to lose everything and be stuck in debt.

The Pivotal Moments in Jorge's Entrepreneurial Journey

By this time, Jorge was practically financially crippled and spent most of his time battling creditors. Fortunately, he never filed for bankruptcy and came out of the experience with a wealth of knowledge on dealing with overwhelming debt. He realized that many creditors make mistakes that can be used when faced with foreclosure. And that's how he started his business. Jorge helps homeowners keep their homes by offering alternatives that protect them from foreclosures and gives them adequate time to settle their debts.

How The Average Investor can get Into the Non-Performing Mortgages Space

For the longest time, the average investor has been blocked from lucrative investment opportunities because of their shallow pockets. That was until the early 2010s when crowdfunding started taking root. With crowdfunding, a low-income investor can invest money in a business and get guaranteed returns over a specified period of time. In Jorge's case, his company allows people to invest in the company with as little as $100.

Links and Resources

Jorge’s Website

Jorge’s LinkedIn

Jorge’s Book Burn Zone

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

YouTube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/wealthsecretspodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/wealthsecretspodcast/support

Today on The Wealth Secrets Podcast, Sean Adams talks to Jorge Newbery, Founder and CEO of AHP Servicing, a crowdfunded company that purchases non-performing mortgages from banks at huge discounts. We discuss how he runs a successful for-profit business, the rise and fall of his real-estate empire, and how the average investor can invest in companies through crowdfunding.

[04:06] How Jorge got into Entrepreneurship

[06:30] How Jorge Built a Multi-Million business and Lost it in 18 months

[24:43] The Pivotal Moments in Jorge's Entrepreneurial Journey

[34:13] Why Banks Detest Helping Homeowners

[46:30] How the Average Investor can Utilize Crowdfunding to Grow Their Portfolio

How Jorge Built his Real-Estate Business and Lost it in 18 Months

Unlike other kids his age, Jorge was already selling ice cream to kids in his neighborhood at age 12. By the time he was 16, he had a recording studio but hit his first jackpot when he ventured into real estate. He started out with 4 units and eventually bought an 1100-unit flat that was one of the country's largest apartment complexes.

His downward spiral started when an ice storm rendered his building powerless and therefore not fit for human occupation. HUD terminated all his contracts, took over the property, and left him with a $26 million debt. He spent 13 years building his empire, yet it took only 18 months to lose everything and be stuck in debt.

The Pivotal Moments in Jorge's Entrepreneurial Journey

By this time, Jorge was practically financially crippled and spent most of his time battling creditors. Fortunately, he never filed for bankruptcy and came out of the experience with a wealth of knowledge on dealing with overwhelming debt. He realized that many creditors make mistakes that can be used when faced with foreclosure. And that's how he started his business. Jorge helps homeowners keep their homes by offering alternatives that protect them from foreclosures and gives them adequate time to settle their debts.

How The Average Investor can get Into the Non-Performing Mortgages Space

For the longest time, the average investor has been blocked from lucrative investment opportunities because of their shallow pockets. That was until the early 2010s when crowdfunding started taking root. With crowdfunding, a low-income investor can invest money in a business and get guaranteed returns over a specified period of time. In Jorge's case, his company allows people to invest in the company with as little as $100.

Links and Resources

Jorge’s Website

Jorge’s LinkedIn

Jorge’s Book Burn Zone

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

YouTube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.

--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support