Hotel Investing during Covid & From Broke to Millions with Mike Ealy

Mike, thank you for joining us today. 

Hey, thanks for having me. It’s great to be here. 

Great to talk with you and for our listeners out there who don’t know about you and your business and your background. And can you tell us a bit about yourself and what you do and then we’ll dive right. 

Again, Mike Ealy, I’m been in real estate for over 20 years.

Literally, I went from broke to millions, actually the, from broke to millions to bro, back to me, man. All real estate has started with two families. What do you guys call house hacking? And from there I went from doing no money down techniques. Overleveraging went from zero units. So 20 units to get any evicted out of my own home.

So living in my mom’s and dad’s bedroom painted my room pink and lavender. I was 30 years old, but I don’t regret any of those things. And then I went on, start doing, taking that time. I read every book, I can get my hands on and I learned. How to do it the right way, got some mentors and watched other people do deals, and went on to do larger multi-units.

Then I got into development and then here I am doing hotels. 

Nice. Awesome. And I’d love to dig into really all of your story. And then also the hotel investing that you’re doing now. I think that’s very unique in the market, but that’s interesting. You went from broke to millions back to broke back to millions.

Can you tell us about that? That, especially at first roller coaster ride and, lessons that you learned that what you had. 

Definitely. As they say, man, people don’t plan to fail but fail to plan. And didn’t have a plan. I’ve read some books, so like I want to get, I wanted, I just knew I wanted to make money.

That was it. I was just fascinated with money and. I went to the library when I was like 14, 15 years old. And at the time junk bonds were hot and the minimum investment was like $50,000. And I was like I’ll put that back on. The shelf kept going down. And then I saw him, Robert Allen, no money down.

And that’s what I learned about different techniques on how I can leverage. A guy like me to didn’t grow up with any money, a family that had money, or even friends with money, we were middle-class and, I saw my mom with a hundred dollars bill on her dresser. One day, I thought that was big money.

And but I use those strategies to get into real estate and that’s how I got started. But then it was Carleton sheets where his strategies like, look, you can over-leverage, that’ll pull up enough cash to go buy your next deal. Great strategy, but a lot of discipline. But if the market changes.

You’re in trouble, right? Because you’re in property and those were the good times. Man. You could talk to the appraiser and tell them which you believe the praises should be. Imagine that. So you’re wondering why you can’t talk to the appraiser right now and that banks won’t allow that. We were like, clearly this thing’s worth eight or nine odds worth 150.

Don’t worry about no dock loans. And but I had bought a whole bunch of junk property and then lost my job. And then I was dependent on the cash flow. Robin paid Pete, Rob, and Peter to pay Paul. And that’s how it fell apart. And that’s why I went back home, but then I work my way back and I found some investors after I did a couple of successful deals.

I was like, man, I got it. Now I know I need to set this up. And then after I did that what happened. I found myself in the same place. Again, like I didn’t have the right reserve set up. Didn’t have the right structure, we were doing things where. We, yeah, we didn’t reserve. Let’s just say that like when tax time came, we took it out of cash flow.

You just didn’t get paid the next month or the month. And then I never did. We saw a partner. They were in escrow for taxes. They’re escrowing for reserve, for capita. And so when something, when taxes came one time and they paid it and we still got our check that month, I was like, oh,

I wish I could tell you. I just knew all these things, but I’ve built a lot of learning by watching, man. I, again, I’m not brutal. I do watch. And when I see something to makes sense, I use it. And so I caught myself doing more projects. And, you get all these taxes reserves, you got cap-ex and you don’t have enough.

Like when we, when I did a deal, I just bought it and I was like, we’ll figure it out and reserve. But the other thing, when you bought the property, man, you supposed to have all of that set-aside, three to five, three to six months, six months, not necessarily necessary, but if you can, that’s great.

But at least three months of reserves of everything taxes operating. When you go through the building, make sure you have all the money that you need to renovate items that need to be done right then and there, don’t be like all we’ll make money. That’s how I got started and that’s the only way to get in.

I’m not saying to, but if you want to sleep at night and be good, do those things. So I didn’t do those things. At first. I caught myself almost going down again, but I was like, man, I’m not going back there again. I fought my way out. Family, a couple of deals, last time I would go downswing without swinging.

I was just like, man, I’m tired. I’m more. Cause I had a car wash and look, that’s when I first learned about April showers bring May flowers, man. I didn’t know. It rained every day today.

So things like that almost took me back. When I started planning, I start putting strategies in place, start putting reserves, start escrowing, and man, no matter what happened, I made money every year. Even if I had a vacancy, didn’t matter, I budgeted to pay myself first. I say I don’t care. I’m gonna pay me this much.

I don’t care if it let’s say a property net, a thousand dollars a month or 1500. I’ll ask that I was taking five, 600 and I put that back, and that covers maintenance. Like I had a budget out for maintenance on a budget. I have it. And we didn’t use all the maintenance that month. It carried over. And then after a quarter, if it was still accessed, I’ll pull the excess out and I kept doing it over and over.

And you and I were it, I just, but it does a hard system to teach somebody when You got to manage Cause they are so busy doing other things. But when I ran the day-to-day like that, we always got to check. 

So you had to take some serious lumps to see that was your, biggest flaw in the plan.

I suppose the first time around you saw that coming a second time around it and you made changes to the business system to make sure it didn’t happen again. And, make sure you could keep going. 

Yeah. And listen, you’re your people. You’ll listen as your viewers. You don’t have to go through this.

Just listen. That’s a girl. Hey, if I can tell you anything, escrow doesn’t overleverage right. And budget in advance. Okay. That’s it’s really simple. 

Okay. Okay. Good advice to that. I want to make sure we mentioned it. You did write a book on this topic as well a book broke millions. You might not tell us a little bit about that.

Absolutely. Sorry, man. Hey boy. Yeah, I wrote a book from Brooklyn, millions kind of sharing all these different things. In my experiences, I share my ups and downs in real estate. And so that people like myself that had no one in the industry did not have a mentor. Literally could take these same steps and apply.

I share how to find deals, where you know how to use a wholesaler, how to raise capital how to analyze the deal, the basics of cap rates, internal rate of return, what mindsets you need to succeed in real estate, and how to get started. You can use all these techniques. It’s a book of valuable information.

That’s kickstarted a ton of real estate careers. And it’s very comprehensible varies. As I said, I like to call it idiot-proof. And you’ll find I promise you as a great asset to have, and they’ll help catapult you in your real estate. 

Hotel Investing during Covid & From Broke to Millions with Mike Ealy

Awesome. Awesome. So you’re doing deals in hotels and apartments.

I think the hotel aspect is very unique these days, especially, we’re hopefully toward the end. Pandemic. And we were talking before we recorded some of the hotel deals that you had done. And I know that some of our listeners out there are interested in whether there’s an opportunity in hotels and really how to see what these deals look like and everything.

So can you tell us about, how you got started in hotels specifically, and then, the deals that you did along the way there?

Again, don’t be like me.

I’m like my buddy called me the other day. Cause he had read my book and he wanted to emphasize Mike, you did not fail. You were just the mad scientist. Like we grew up. You’re always trying to figure out how to do this and make money. You just don’t. You just would have meant some don’t he’s please stop saying you failed.

But man, I failed my first development project. I was fortunate in a good space. But I had the opportunity to be in this development. I won the RFP and then I put this team together and I had no idea how to develop it. And so I brought in people like that’s me, I’ve leveraged people. And so I brought them in on this deal and it was going to be a dual first.

It was going to be a. The apartment we’ll hotel. Then we moved to a dual-brand hotel, bottom line, lost it. Failed, lost 400 grand projects fell apart. And to this day it was over eight years ago. Maybe that thing’s not been developed. And there you go again. What was I ended up with? I was embarrassed and I was on TV.

They wrote articles on me and I, it already, when I wanna, I went back home and told my family like I’m like Rick James I’m rich bitch.

And now there you go. I’m 400 and the whole.

But I learned the importance of a team. I went to the school of hard knocks or Harvard and in those two years, three-year periods, I learned how to put a strong team to go. I learned the importance of partnerships. I learn how to be a leader. I learned that on how developments are put together and how time is not your friend understanding what real costs are and the development process in the intricacies of how you must leverage the city versus politics in your local community too, get your development done.

And but through That’s what made me want to be a hotel? Cause I had no idea. I was like, Hey, we could put some commercial office space in apartments. And my man was like, no, we’re building a hotel. And I was like, okay, that’s what we do. And I saw, I learned that seeing how much money was going to make a man like this was like a $70 million development.

And by the time it was done, Just by having keys, I could sell it for a hundred, and Lillian and I were like, I’m all in bro. Bring it in. And, but I can’t say that. That kicked it off, but I saw some hotels. And I saw how they would live. And I was like, I want that. Be real Frank.

They look good. They look relaxed. They had a night, a very nice lifestyle. And then I started learning about depreciation. They were dealing as I shared earlier like I got partners that owned hotels for 15, 20 years. They don’t pay federal taxes. Now they just have, and look, these are people making a million and a half, two and a half, 3 million a year.

No for tax because they got so much appreciation, but it’s carried over and right when they got to pay it back or. Whatever they do, they go build another. So then you get all the construction. You got to realize the ads. If you’re just doing a standalone hotel, you’re going to spend 13, $20 million and you could write so much of that off.

You went for that first deal that you said eight or so years ago, and then it didn’t go I suppose it sounds like maybe you, you went back to the drawing board at least on the hotel front for a few years. And then that was the next deal in hotels just before the pandemic. 

So what happened? I met another op I met this operator cause my dad, he only had, didn’t want to hope till, and I’m not knocking it. Like I it’s funny, man. I thought that was so huge. Oh my gosh, you are one hotel. That’s amazing. It’s a $20 million hotel. And then I started meeting all these people that are on.

1340 hotels. And I looked at my buddy you’re terrible, man. What are you doing in like numbers?

You’re lame, man. But now I think, yeah, it was five years later. In my fifth year at about the fifth or sixth year of trying to do old tale. I finally, now it’s about 70. I can’t remember exactly, but no, exactly. It was 2012, 2013, when that happened. And so the 19, yeah, it was about six years later.

I had the opportunity to buy this courtyard and we kept going back and forth and I hadn’t given it for $7 million where it was already worth 10 million. We knew it just needed a renovation. We knew it just look, the principles are the same. Renovate it to make it look nice so you can get higher rent. We, in hotels, call it ADR average date October.

Average daily rate, which is your monthly rent. But it adjusts every day. One day it was $80. The next day can be 130. You got a big event. It could be 300. And so that’s why you got so many ups and downs and so much value thereat. We bought it and I’m like, I’m cheering. And here we go.

And, my first two months were slow. Then after that, we started making money off and started doing distributions. And then, January is a slow month. Fair is a little slow, but we start picking up the first two weeks and I’m like, oh my God, this is great. It’s like the best movie ever. And then.

The tragedy comes COVID and I’m like, holy smoke, what are we going to do? And I was, honestly, I felt confident through that. That’s, I didn’t have any idea what was going to happen. But I was like, In that short period, we saw apartments. Debbie being strong, people were scared about apartments too, but by April may, we saw the value of apartments going up.

We saw people still paying the government actually, instead of just Bel and outbid corporations, they bailed out at Marriott. And so because of that, we knew we were going to make it through. And I was like, what if the worst case I’ll convert my hotel to apartments. Cause we were still getting people staying.

It was just not 145 rooms. We were only selling 30 to 60 rooms. So I was like you know what? We can take half of these rooms to make an apartment. Cause I was in it for cheap enough. And we still do the hotel on this because if we did the hotel on 60 to 80 roads we still were to generate about 2.4, 2.5 million.

And then the other section would have generated another 600, 800,000. So we’d have been a good place. But. We just needed to do a renovation, which we started now. That was a fight. And, but we’re going to take this hotel for that. We’re all in for 7 million, be all in for 11, it’ll be worth 16, 17, by the time we’d done.

You're going to make mistakes. You're going to fail. But just don't quit.

But I have to touch the hotel industry. It was one of the toughest things I’ve ever done. If you include my time, some people like, oh my goodness, you wake up. He was an overnight success. Look, remember I lost 400 grants. I got slapped and I was embarrassed. I pulled my family in for meat and tell them we balled out.

And now we’re like we just go on bowling. But then I started finding more opportunities. Cause I saw it as 2008. Like the great recession, like whenever there’s a. Leverage big problems. There are big opportunities. And so I saw this as an opportunity. I thought it was going to be like the great recession where I became stabilized.

Fortunately, when I went broke, I lost it before the great recession in 2002, without that. So I, and when I lost that’s when I learned how to do short sales by non-performing notes, I help people from filing bankruptcy. And so I used that same level. To do deals, to make me money. So I was going to do the same thing I did in 2008 through this pandemic.

The only difference I was successful in doing that. The market changed a little, they were smarter as they should be. Instead of putting all their properties out on the open market and foreclosing the banks and services, working with the people and selling them in the house instead of putting them out to flood in the market.

And we will prepare to buy a hundred. Again, I like doing bee hags, big, hairy, audacious goals. I was like, we’re going to get 10, 20 hotels. And my parents were like, no, we’re going to get a hundred. And I was like, yeah. Okay. Yeah. All I got four but I think that’s okay. Nice. 

So four more hotels.

And we had seen at least here in my area, I saw a couple of distressed hotel deals occur were they, it looked like the owner was going to lose the property, got foreclosed on. They ended up selling it for those, deals. Is that what ended up happening? Were you buying them basically out of foreclosure and you’re looking at a deal and all that.

Here’s a lesson here right now. I’m going to break it down. So a lot of people like now, where can I find deals? This is a tough market. Like you were saying, your house is tough. Finding a house. I and my team help me get through. A great way to find apartments houses, and even hotels are through property managers or in hotels, they call them operators.

They don’t necessarily call it property, which would be property managed by an operator. And then you have commercial brokers, and then thirdly, you got banks or lenders. All of those people Oh, why I got deals, commercial brokers. So the lenders were reaching out to some of these commercial brokers.

Yo, I got a deal. This guy wants out. I don’t want to foreclose quietly. Find me a buyer that the broker then sent to my operator, my property manager. And the manager says, hell Mike, I got this deal. And then I put the deal together. So you got a servicer or a broker and an opera. Those people, you need to make a relationship with.

Guess what? After I started doing deals with the lender now goes, comes directly to me. So now you’ve got this circle and people like, Mike, do you go looking for deals? I don’t look for deals. Deals come to me now. I’m not saying I didn’t put any work into a lot of that. I didn’t, but I work to establish these relationships that were feeding.

I’m not family. I’m not looking. I just did all the work in advance. You’ll learn that. I’m the hardest working laziest man. You ever meet well, you breaking the fourth wall here.

You did get out. This is 7:00 AM a podcast interview here. So you are waking up fairly early to do this interview.

Wake up early to do a loud enough. 

I guess to sum it up, what are the big things I’m curious about? And this is a huge conversation I’m sure. But for the folks out there, if they’re looking at passively investing in an apartment or, sorry, not apartment deal in a hotel deal where what do they need to look for at least at a high level or maybe where are some areas that they could places that they could learn about hotel investing to just say, Hey, is this a good deal, bad deal.

What do you think? 

Yeah, it’s kinda tough. Man, if you go out there, there’s nothing on hotels, but the good thing that I’m telling you if you starting to go to a hotel conference, they got the hunter conference, they got the lodging conference and you can learn a lot there, but they don’t have the ABCs.

But you need to form a relationship with a hotel operator. I think that’s where you start because if you don’t have an operator, you’re not going to get into the hotel business. The bank’s not going to even lend you money unless you bind it cash or it’s low leverage. But the one big thing you need to understand is ADR your average daily rate occupancy.

And that’s. Why don’t you learn that kind of two things as a basic formula that you create your revenue? And then, there’s a certain percentage, for example, here’s an easy one, you got a hundred room hotel. Whether you need to know how many rooms you got, so you take a hundred rooms, you multiply that times 365.

That’s the number of days in a year you have, right? So now you got 36,500 rooms available for a year. And then that you learned. The average occupancy of a hotel is 70% now let’s for easy math. Let’s just say 50%. So you say 50%. So you’d take half of that 36 and that’s going to be about 10,000 to fix.

Then you multiply that times, the average daily rate, and that’s going to be your gross income, then you should net 20 or 30% of that. And that’s your NOI. Then you take that and subtract it from your debt. Now, how can you confirm what the occupancy in the ADR is? And now we an apartment, we have Coles bar, we got MLS, we get cap rates.

We got brokers that we could talk to that can share these numbers. Tails, you don’t have it but actually. I’m sorry, I’ll take it about hotels. You can get it all in one place. And it’s called the star report. S T R and literally in that report, it will give you a cop set of the hotels that are similar to yours in your area.

It shows you what the occupancy is. It shows what ADR is. It shows you what the oxygen ADR rev part, which is revenue per available room. And you take those things. And if you can match that up, if you’re your comp that your hotel is performing below and these other ones are performing at that means if you fix it up or you change your management, you should be able to get to that number and you can create value.

But if all the hotels are working below your hotel, You don’t want that there. So that’s the basics of what you want to go. I’m sorry. One second. Children, come on a podcast. I need you to be quiet. Quiet on the set.

Nice. What is your family waking up? We get it. 

Oh, they off man. The man and enjoying this snowstorm, bro. Ah, okay. 

Okay. Nice. Nice, awesome. It’s a complicated topic and I think you provide our listeners a few great things to look into at least at the first pass. Analyze one of these deals right now.

We’re to gonna take a quick break for our sponsor. All right, Mike, I’ve got three questions. I ask every guest on the show. Are you. 

I hope so.

I’m sure you are the first one. What is the best investment you ever made other than in your education? 

Man, I bought it. I bought, I knew the highway was coming and Cincinnati.

And so I bought up all these parcels of land. They were just junk properties. I bought them at the end of the year tax them. They give them away. I had to pay 300, 500, a thousand dollars for multiple parcels. I sat on. All I did was boarded up. I sat on it for a year and a half. I thought it’d be seven years.

By the time it came two years later, they bought every single one. My parcels at 80 to 180,000 a parcel, one of the best returns ever. I did. 

Nice. We have the best investment. Now we go to the other side of that coin, the worst investment. What was the worst investment you ever made? 

I had a few I think it was when I bought this carwash and I, I. I didn’t know how to manage it. It was one of the best-learned lessons I learned. I learned how to operate a business and again, understand reserves and cash flow. But man, it was taxing, man. I was working 14, 15 hour days, man.

I’ll do the car wash and then that. I will never buy a carwash again. And I didn’t know, it rained. And for 30 days straight in April with.

People are washing their cars when it’s raining. 

Yeah, no, it was crazy. I thought summer would be the best time where you make your most business and car watches.

Some of you may know that you may know it, but October to February, really December to February is going to be your best months in the carwash. Interesting. Everybody’s trying to get the salt off the car. You’re like my average day was probably 60, 80 cars and I was a small car, but when winter came, I will do 150 cars in a day.

Interesting. Good to know. My favorite question here at the end of the show is what is the most important lesson you’ve learned in business and investing 

just don’t quit. You’re going to make mistakes. You’re going to fail. It’s not if you fail, but when you fail and what are you going to do?

Just get back up. Yes. Do due diligence. I’m not saying to do due diligence. I’m not getting your teacher. Get your mentor. Don’t be stubborn like me. I was like, I’m just going to figure it out. I couldn’t, it took me 20 something. I’m teaching people now and they’re doing what it took me 20 years. They doing 18 months.

So get your teacher, get your mentor, and listen to podcasts. Surround yourself with people. That’s doing it. Look, I love all my friends. I love all my friends. We grew up together. I still talk to him. But when you see me out, when I’m hanging, I’m probably with people that own businesses or do real estate.

Cause that’s all we talk about all day. Yes, we’re sincere. Yes. They’re my friends. I will do anything, but my best friends, if you’re not doing what I’m doing, we still talk, but this is where I want to go. So educate yourself, invest in yourself. Don’t be afraid to spend 1500 or 10,000, if you believe.

And they got good referrals that they’re doing something, I say, just go get anybody, spend the money. It will be worth it and don’t be afraid to do it. It was life-changing. And I see myself coaching other people. Now. I’m not saying that because my program is so great, but it is, but seriously I saw them live when the difference went.

Here’s just real simple math get outta here. Crazy. I was coaching my son’s football team, the sixth and seventh-grade year, I had sat out. I didn’t teach his seventh-grade year. I was fortunate to be working with the top-ranked coach for the football team molar. And Cincinnati is the top they’ve normally had ranked in the state.

For one or two, I sat behind him and watched him, coach. He would run three or four different fences in one, defense in one game. I was like, who the hell does that? Like, how do you run four or five different? And just by watching him and sitting behind him, I stepped in the next year without even a skillset I did more studying.

And I have one of the best defenses that program ever had that year. They only score. We help people to 21 points for the year. We went from a losing record to a winning record, my defense one game. That’s all. They had a good teacher, a mentor, and a coach. Do you see what I’m saying? Just imagine if you pay for it, and that was free.

Nice. That, yeah, that mentorship and coaching have helped me and many others in this business. And thank you for your mentorship and coaching here today on this podcast interview. If folks want to reach out, if they want to learn more, if they want to track you down or, hear about what you’re up to, where can they find you?

Yeah. So you can go to www Nassau, invest with an s.com. So WW, Nassau. So they ask.com. You can find our book. If you want to join the mastermind, you want to be an investor. You want to see what we’ve done in the past is go to our website, no matter what you want. Just send a, set up a strategy session and calls, and we get somebody on the team to talk to you.

Great. Thank you once again for joining us today to everybody out there. Thank you for tuning in. If you’re enjoying the show, please leave us a rating and review on the apple podcast, five stars, or you don’t mind. That helps so much that helps other people learn about the show because that helps us rank higher in the apple podcast ecosystem.

And I’m always honest with you guys. I see those reviews and that gives me a nice little warm and fuzzy feeling because I get to see that you’re engaging with the content and you’re escaping the wall street casino along with us. If you know anyone who could use a little bit more passive wealth in their lives, please share the show with them and bring them into the tribe.

I hope you have a great rest of your day and we’ll talk to you in the next one. Bye-bye.

Hotel Investing during Covid & From Broke to Millions

About our Guest

Mike Ealy

Michael Ealy has developed Nassau Investments into one of the key development firms in the Cincinnati area. Over an extensive 20-year period, Mr. Ealy has applied his knowledge of property and asset management to negotiate hundreds of successful real estate transactions. 

Mike’s strength is identifying the right projects, developing a clear vision, and then putting together the right team to specifically execute each project.

Episode Show Notes

Michael Ealy has developed Nassau Investments into one of the key development firms in the Cincinnati area.  Over an extensive 20-year period, Mr. Ealy has applied his knowledge of property and asset management to negotiate hundreds of successful real estate transactions.  Mike’s strength is identifying the right projects, developing a clear vision, and then putting together the right team to specifically execute each project.

 

[00:01 – 10:51] Opening Segment

  • Get to know Mike Ealy
  • Mike gives us an overview of his broke to millions story
  • People don’t fail but fail to plan

 

[10:52 – 17:24] From Broke to Millions

  • Solving the biggest flaw in the plan
  • A book of valuable information and idiot-proof: From Broke to Millions
  • How Mike started investing in hotels

 

[17:25 – 28:39] Hotel Investing during Covid

  • Mike’s $20 Million-Dollar Hotel
  • The COVID Effect on Mike’s hotel and how he made the best out of it
  • Properties and Foreclosures
  • Interested in investing in a hotel? Here’s what you need to know

 

[28:40 – 37:30] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at www.escapingwallstreet.com
  • What is the best investment you’ve ever made other than your education?
    • Parcels of land
  • Mike’s worst investment
    • Carwash
  • What is the most important lesson that you’ve learned in business and investing?
    • “Just don’t quit.”

 

Connect with Mike Ealy through Instagram, Facebook, and LinkedIn.  Visit their website https://nassauinvests.com/

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

 

Tweetable Quotes:

“Whenever there are big problems, there are big opportunities.” – Mike Ealy

“A great way to find apartments, houses, even hotels, is through property managers or in hotels, operators.” – Mike Ealy

“Just don’t quit. You’re gonna make mistakes, you’re gonna fail… Just get back up.” – Mike Ealy

 

This episode is brought to you by Roofstock, the world’s largest residential real estate investing marketplace. Open an account for free and start browsing turnkey investment properties today.

We are also supported by You Need a Budget. YNAB is a different kind of personal financial tracking company. They’ll help you track and plan your money with your priorities in mind. Open your trial account today and give it a shot!

About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

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Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
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Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
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This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
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The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
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Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
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