Cash Flow Guys Podcast

Many Americans decide after buying a timeshare that they want out of the deal. In this episode, Gordon Newton, the Author of "The Consumer’s Guide to Timeshare Exit", shares many of the common scams perpetrated by timeshare exit companies and the timeshare sales companies themselves.  Listen in and visit our affiliate link for a copy of his free guide called “The Consumer’s Guide To Timeshare Exit” by heading over to http://CashFlowGuys.com/TimeShare  

We all want to do deals and get rich, BUT most Americans cannot afford to be rich. Yes, I actually typed those words..most Americans cannot afford to be rich. Becoming rich takes a certain mindset, it takes using that grey matter between our ears to position ourselves in the correct mindset to receive wealth. Believe it or not, most of us shun wealth by our thoughts, actions, and words.    

What is the first step in real estate investing? You have to determine your strategy and your investor identity. In order to do this, I highly recommend getting a basic education from Robert Kiyosaki’s books that will really guide you through figuring out your investor identity. This is where you need to start so you can learn a lot and decide what direction you are going to go.

Where are all the deals? I hear this a bunch, and my usual reply is “What specifically have you done to find opportunity?”  After saying that, I hear silence, the reality is the answer is that they have not done a thing. I also hear about investors buying properties simply because “they could” or because “the seller allowed me to buy” which blows my mind. When we focus only on “what’s for sale” we are seeing the same opportunity as everyone else.  In what some refer to as a seller’s market, this creates a frenzy as the scarcity mindset kicks in as does F.O.M.O (which stands for Fear of Missing Out).  Any time there is buying pressure, people simply overspend because of the fear of missing out.  Overspending often leads to a foreclosure. Instead of focusing on what’s for sale, perhaps we instead focus on finding problems.  When we shift our focus to sellers with problems (or properties with problems) we then have seller motivation on our side. What are problems? Problems are ANY situation that motivates a sell

The Pendulum Theory is based on Newton's First Law of Motion, which states that an object at rest tends to stay at rest, and an object in motion tends to stay in motion with the same speed, and in the same direction unless acted upon by an unbalanced force.Let's create a visual so you can better understand this concept. Start by drawing a circle and put the numbers. Now draw a thick unbroken line from the 9 o'clock to the 3 o'clock. On the middle of the line, we will place a pendulum; the pendulum can swing back and forth from 9 to 3 and from 3 to 9.This represents how your prospect feels about your opportunity. At any given time in the sales process, a prospect can sense positive, negative, or indifferent towards what you are selling.

Both your time and mine are valuable. So today we are just going to dive right in. We live in a very noisy world. There are sounds and distractions all around us that keep us from hearing what people are really saying. Last week, I talked about why I deleted Facebook from my phone because it is such a distraction from the things we need to do. All around us devices are beeping, buzzing and making noise. They are keeping us from talking to each other. This week I'm discussing how we have an absolute epidemic of people who can’t stop talking long enough to learn or be educated on any topic.    

This week I want to talk about an epidemic that affects everybody, and that is social media addiction. Today’s society lives in a very noisy world, and the noise I’m speaking of has nothing to do with that which comes in your ears. I recently deleted the Facebook app from my phone, because it simply became too much of a distraction for my taste.   You see, I have discovered that far too much of my day was invested in staying on top of things on Facebook.   I was that person that was lying to himself thinking that I needed to be on Facebook because that’s what was best for my business. When I looked inward and became honest with myself the reality was that I had a fear of missing out. I have also recently learned that the addiction to social media that we all suffer from is fueled by dopamine, or more importantly the head of dopamine we receive when we get something in front of us to keep our brain busy. Before I was able to delete the app completely I had to ask myself a very difficult question. The question

Today is going to be a bit of a different show. I’m not going to be my usual giddy and chipper self; there will be swearing. If you're sensitive to explicit language, I would suggest you turn off the episode now and wait for next week to roll around.

Today we’re going to talk about an area of the investing process that we actually have never covered before: the wonderful world of probate. I personally have never done a deal that was in probate before, but I brought on a guest today that will help clear things up on everything I don’t know.

In this episode of the Cash Flow Guys Podcast I will be covering the topic of doubt and why many people fail to see real estate investing as a viable strategy.   This episode was inspired by a new member of our Facebook group, the Cash Flow Guys community. To join the community for free go to http://CashFlowGuys.com/group

Today I am joined by one of the "Old Dawgs" of real estate, Bill Manaserro. Bill is the host and "Top Dawg" of The Old Dawg’s REI Network podcast, which focuses on helping investors 50 years and older to build their retirement and leave a legacy for their children. His goal is to build a portfolio of 1,000 doors in just six years.

If you’re an investor in today’s market and you don’t have cash in your pocket to burn, then you’ve got to be communicating directly with the decision maker. We think that working with the listing agent instead of talking with the seller themselves will net us a better deal in the long term, but that is FAR from true.  

In this episode, I want to talk specifically about leveraging your way into financial freedom. In addition to that, I want to revisit fear and discuss how fear keeps us in financial jail. I heard a quote recently in a book, it said: "When you succumb to fear you are under the illusion that you can predict the future".  

Today I have got a fantastic guest for you! He is the host of the "Real Estate Mogul" podcast and owns Ocean City Development, a real estate investment company based out of Boston. He’s purchased over 500 properties to fix ‘n flip, wholesale, and buy and hold in the past 5 years. Tom is considered one of the "masters of marketing" in the real estate investing space, and that’s what we’re going to talk about with him today.

Today I want to talk to you about wholesaling, and why so many fail at it as an exit strategy. Now I’m not trying to get down on you wholesalers out there, but there are ways to improve and do better in the marketplace. This isn’t meant to be a negative episode, it’s meant to be CONSTRUCTIVE and help you solve more problems in your area. What is a wholesaler’s job? Most people, even wholesalers themselves, don’t know. Many think they have to begin as a wholesaler in order to start making money in real estate. That’s simply not true; wholesaling is an EXIT STRATEGY, not an identity. You are a real estate investor who found a problem property that doesn’t meet your criteria. A wholesaler’s job is to negotiate discounted real estate purchases for buyers from MOTIVATED sellers. Your job is not to manhandle the property from a seller or try to finagle a steep discount on a MLS property. A wholesaler MUST be seller-direct, otherwise you’re wasting everyone’s time. You have to be direct. Working through a realtor is

"TMI" has always stood as an acronym to mean "Too Much Information," but more specifically related to information of a personal nature. We can all agree that today’s "technology age" tends to serve us far more information that any one person could be able to consume.  In today's society more than any other time in history, man is working overtime to compete for our attention. The recent cryptocurrency craze proves this very point. In this example, lots of people with no prior experience or credentials in economics became "overnight experts" in the crypto space. These "experts" began dolling out investment advice that lacked any credibility whatsoever.

I get a LOT of emails from all of you at home, asking about my good friend and investing partner, Paige Panzarello. "Tyler, where’s Paige? Why hasn’t Paige been on in a while? We love Paige more than you!" Ok, the last one didn’t happen, but that’s how it feels sometimes! I know you all love it when I have Paige on the show, and I’ve brought her back today. We have some STELLAR news to share with all of you at the end of the episode, especially those of you in the Tampa Bay market!

Fear of Missing Out FoMO stands for "Fear Of Missing Out", and is defined by Wikipedia as: "A pervasive apprehension that others might be having rewarding experiences from which one is absent". This social anxiety is characterized by "a desire to stay continually connected with what others are doing". FoMO is also defined as a fear of regret, which may lead to a compulsive concern that one might miss an opportunity for social interaction, a novel experience, profitable investment, or other satisfying events. In other words, FoMO perpetuates the fear of having made the wrong decision on how to spend time, as "you can imagine how things could be different".

As the time of this recording, the students in the MailBox Money Mastermind are on a journey of self-discovery. They are learning right from the beginning how to effectively overcome objection and to become highly skilled negotiators. As I guide them through this process of learning, I really enjoy watching them win, and creating win / win solutions. I have them undertaking specific tasks which are designed to help them learn how to deal with rejection and how to lessen the likelihood of it occurring.

Recently a colleague asked a question on a Facebook group of which I am a member. The question pertained to a "contract for deed". Specifically, the "investor" was requesting to acquire a property via a "contract for deed subject to". This is a classic case of a tongue-twisted newbie investor, using language that they don’t fully understand. Let me explain on this episode.