Using Passive Cash Flow to Live Your Passion with DJ Bander
How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?
Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.
[00:00 – 03:45] How did DJ Bander’s entrepreneur journey start?
- Saving and investing in real estate
- Balancing the time between real estate, marketing, and music
- The importance of having a diverse skill set to monetize
[03:46 – 14:00] Strategies for Building a Real Estate Portfolio
- The advantages of being a minority investor in larger properties
- The significance of hiring the right property managers and vendors
- Adapting investment strategies to fit available opportunities and capital
[14:01 – 18:36] Navigating 1031 Exchanges and Market Challenges
- The complexities and benefits of 1031 exchanges
- Deciding when to sell and pay taxes versus utilizing a 1031 exchange
- The impact of the cannabis industry on industrial real estate in Los Angeles
[18:37 – 28:11] Using Real Estate to Pursue Your Passions
- Using real estate income to buy time for starting other businesses or pursuing creative endeavors.
- The importance of living below your means and saving for future investments.
- DJ Bander’s advice for aspiring investors and entrepreneurs.
Quotes:
“You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else.” – DJ Bander
“Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more.” – DJ Bander
Connect with DJ Bander:
Instagram: https://www.instagram.com/djbander/
Website: https://banderproductions.com/
Apply to Invest with Taylor at www.investwithtaylor.com
Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com
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About our Guest
Zach Schnall
"DJ Bander"
Zach Schnall. He is a DJ and he goes by DJ Bander. He is an expert in many things. I almost want to ask and I do ask him what doesn’t he do. He’s an expert in finance, marketing, social media, branding, stock market, stocks and bonds and investing. He has his hand in almost anything you can think of. He almost became an attorney. He’s got so much going for him, a wealth of knowledge.
He lives in Los Angeles, was born in Brooklyn, New York and we go over how to start a financial profile for yourself, how to prepare yourself to obtain generational and lifelong wealth for yourself. How to invest, how to educate yourself about stocks and bonds and what exactly to invest in. That’s exciting stuff. I personally never knew anything about this.
Also, we talk about branding and marketing yourself, how to get started in doing that. We talk about how to get connected in your industries and how to go online and make those connections but still be safe. Also, we talk about our love lives and how you date when you’re trying to be an entrepreneur and you’re trying to hustle every day. You have beautiful women or men that are working with you every single day. How do you maintain a solid relationship during all this commotion?
DJ Bander or Zach has a charting single on the Billboard Hot 100. It’s called Fast and he started as a writer and producer and then was encouraged to go ahead and start being a DJ so that’s how he came to be a DJ in the first place. It’s mind-blowing. I hope you’re ready for this. Please enjoy this episode of the show with DJ Bander.
