David and Dana Hagstrom retired from their respective positions as a pastor and paralegal. They moved abroad in 2016 and are now servants of a different kind. As online business strategy coaches, David and Dana work with others in the industry providing effective breakthrough strategies to boost their home business success. Their clients soon uncover their own goldmine of passions and experience and how best to monetize and market. They are also helping folks imagine the future they want to retire to someday. In this process, they challenge you to start thinking about how soon your “someday” might be. You can find them inside their online coaching community offering a clarity building retirement program, “Your Bridge to Retirement,” a premium 12-week strategy coaching experience, “Your Pathway to Profit.” Alongside their own products, they have a plenty of resources and affiliate marketing tools and solutions for the online entrepreneur. Dana just published her second book in a series entitled, Devotions on the Go. Her two books on the Psalms and Proverbs are available on Amazon. David has been a published author since his Ph.D. and more recently a Bible Study on Core Beliefs. David and Dana live in Mexico with their three Japanese Chins and love traveling to the U.S. to visit family and friends, as well as to attend conferences, workshops, and masterminds. https://davidanddana.com

Break Away from the Rat Race

How to build a bridge to retirement with David and Dana Hagstrom

In this episode Kyle shares his experience from house hacking to turnkey rentals to multifamily syndication. He is the managing partner and co-founder of APT Capital Group with $17MM of assets under management. Their mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Kyle is also the co-host of the weekly real estate podcast, Passive Income through Multifamily Real Estate, where he speaks with various experts in the real estate industry to help educate and create clarity for passive investors.

From House Hacking to Multifamily Syndication with Kyle Mitchell

In this episode I speak with Todd Sulzinger who is a corporate finance executive turned mobile home park investor and the founder of Blue Elm Investments. Blue Elm is a mobile home park operator specializing in adding value to and transforming distressed mobile home parks across the country. They have built the expertise to turn neglected mobile home parks into vibrant communities, increasing the availability of safe, clean, and affordable housing across the country, while offering investors above-market returns. Todd is a firm believer that investing in real, tangible assets like real estate is the most effective way to build wealth. During our discussion Todd mentioned the following youtube channels Jefferson Lilly – Mobile Home Park Investors Kevin Bupp – The Mobile Home Park Investing Podcast Another good one...Ryan Narus – Mobile Home Parks In Real Life Mobile Home Park Boot Camp – https://www.mobilehomeuniversity.com/mobile-home-park-investing-books-and-courses/mobile-home-park-investors-boot-camp.php

How to Invest in Mobile Home Parks with Todd Sulzinger - Episode 22

In this episode I speak with Jesse Di Lillo who has an inspiring story about how his hard work is helping his mom retire. We also discussed why he changed strategies over the years.

How to Help Mom Retire with Real Estate With Jesse Di Lillo

This is a followup to the video "Why your #1 goal should be financial freedom?" In this video we actually calculate your Passive Income target and I show you how you can achieve it.

How to Calculate your Monthly Passive Income Target - Episode 20

It is inevitable we will all need to achieve financial freedom. We all want to retire one day. Stop working and enjoy life. Financial experts promote these huge savings target so that you can retire with dignity. In this video I propose a new approach for setting that target saving which is why your #1 goal should be financial freedom. I also discuss 

Why your number goal should be Financial Freedom.

In this episode, I tell all the accidental investors out there how to become a Goal-Driven investor.

How to be a Goal Driven Investor?

In this video I share a tool I developed to help achieve your goals.

One Simple Tool to Reach your Goal - Episode 17

Here is a recording of my discussion with Alpesh Parmar. Alpesh Parmar is an entrepreneur who owns over 100 residential rental units in Dallas, Atlanta and Birmingham. He also invests internationally in markets like Belize, Panama, Paraguay and India.  He helps busy working professionals build long term wealth using real estate so they can generate supplemental income and live a stress free life. Alpesh believes wealth, fitness and mental health are the keys to living a successful and stress-free life. Alpesh hosts famous investing podcast – Wealth Matters. He is also the co-author of a book titled Resilience: Turning Your Setback into a Comeback.

How to turn Setbacks into Comebacks - episode 16

In this episode I discuss a depreciation method that could significantly reduce your tax liability. Did you know you have a choice when it comes  to the depreciation method you use? With the tax reform of 2018 you can now apply component depreciation to existing building not just new construction. 2018 also extended 100% bonus depreciation on building components with tax recovery period of 20 years or less. I also talk about how this depreciation affects your taxes depending on your classification as a tax payer.

How to maximize your depreciation?

This is my Interview Bobby Sharma who is a well known Real Estate investor and mentor.  He shares with me how he went from house hacking to a portfolio of 300+ units. Bobby is  really involved in the community, he leads 5 meetups in the bay area and mentors 100s of investors in achieving financial freedom through real estate.  #realestate #realestateinvesting #BobbySharma #bayflip You can reach Bobby at bobby@bayflip.com and check out his website at bayflip.com

From House Hacking to 300 units with Bobby Sharma - Episode 14

Interview with Hans Struzyna Realtor, Investor and Host of Another Way to Play podcast. Here is the link the Hans podcast Another Way to Play http://anotherwaytoplaypodcast.com Hans shares his knowledge and experience and his definition on financial freedom which is that if you trade hours for dollars you will never achieve financial freedom. Hans also shares how his father achieved financial freedom and how it influenced his own path towards financial freedom. Early on he created a small car detailing business. Hans was also an olympian rower and participated in the Rio de Janeiro Olympics in 2016. He explained how demanding it was to balance school with his olympic training. In order to succeed he had to learn to manage his time. We all have the same amount time but so many people say that they don't have time. Time is our number one asset. Hans recommends that you take an audit of our time to find out get rid of the time wasters in order to spend time on tasks that are truly important to you. #realestate #realestateinvesting #HansStruzyna #AnotherWaytoPlay Eric Martel is founder of MartelTurnkey, a turnkey rental property company. Eric broke free from the rat race and he wants to show you how you can do it, too. https://www.martelturnkey.com/

Don't Trade Hours for Dollars - Interview with Hans Struzyna Olympian turned Real Estate Investor

When I am speaking with people I am realizing that this is their plan or at the very least it is their backup plan How much do you need at retirement? If you are single between 45 and 55 take your annual desired income and x10. If you are married x12. This is how much cash I need at retirement. If you fall short of that you need to figure it out as soon as possible because the longer you wait the less options you have. Here are the options at retirement: Live less now or live less later. Either cut down your spending dramatically and invest to get enough to retire. Or live less at retirement less travel, less activity, less dining out, etc. Reverse mortgage. - No Legacy - You can lose your house if you don’t follow the rules. - Must keep the house in good condition - You also have to live in your house so no moving out to a retirement home. Sell your home to retire. Most people I spoke with assumed that they will live in their home at retirement. - They worked hard to pay for their home - They renovated it the way they liked it 10 years ago so they want to enjoy it. That’s why you need to think ahead. Otherwise You may be forced to sell when the market is not favorable. The earlier you really start thinking about the more options you have available. At retirement you can use the equity from the sale of your house to: 1. Drip method. Basically you invest the proceeds into a low risk vehicle like bonds and then take a portion of the returns as income without touching the principal. 1. There are a couple of problems with that approach 1. These low risk vehicle are also yielding 1-3% so if you invested $1M at 2% you will end up getting $20k a year. Is that enough? 2. The other problem is that these returns don’t keep up with inflation so you will have to take out some of the principal eventually. 2. Convert to annuity. I have discussed it before. Annuity are a good accumulation vehicle and horrible at converting asset to passive income. There are a lot of problems with annuity: 1. First there are many many fees 2. Initial comission is pretty high so a portion of your capital will be taken away 3. No Legacy. You are giving away all your money in exchange for a stream of income. If you die early it is gone unless you paid extra for guaranteed repayment of principal 4. If you want the payment to continue after the death of the participant then your monthly payments are reduced 5. If you want to have your payment indexed for inflation your payments will be reduced to pay for that 6. If you choose all these options you will end up with 2-3% return on your money. If you plan ahead of retirement then you can look at: 1. Private money lending. Many real estate investors are looking for cash for their projects. As a private money lender you will act like a bank and provide the funds needed, secured by real estate at a rate of 8-10%. It takes some time to learn how to do it right, make connection with reputable real estate investor, etc. 2. Rental properties. Real estate is a time tested way to generate passive income for yourself and your legacy. You need to have the right temperment, property management, find the right market, and the right financing so it takes some time to figure it out. You also want to get in early on this investment because of the tax advantages which can help reduce your taxes when you are working for w-2.

Your House should not be your retirement

What are we learning from all these success stories we hear about?  Are they helping us succeed?  Or is this just entertainment?  In this episode I explain the essence of these success stories, discuss what is preventing from doing the same, and how to take action and achieve our goals.

Do something about It? - Episode 11

In this podcast I explained Opportunity zones which were introduced by the 2017 Tax Cut and Job Acts.  Focusing on real estate investment I compare Opportunity zones and 1031 exchange.  Finally I define how to take advantage of opportunity zones as a taxpayer and as an investor.

Opportunity Zones - Episode 10

In this podcast I will discuss how to achieve financial freedom through passive income. We will also discuss with various entrepreneurs and find out how they are generating passive income.

hubhopper

Break Away from the Rat Race

hubhopper