Spur Your Wealth Podcast

EP. 36: Mastering Retail and Restaurant Leasing: Heather Ewing’s Insights

Join us in this episode of the Spur Your Wealth podcast as we dive deep into the inspiring journey of Heather Ewing, founder of Abstract Commercial Real Estate. Heather shares her transition from a life-altering accident to building a thriving career in commercial real estate. Discover how her passion for running marathons mirrors her professional discipline and why a 'live fully' mindset is key to her success. Whether you’re a seasoned investor or new to CRE, this episode is packed with actionable insights to spur your wealth and life forward! Key Points from the Episode: • Heather Ewing shares her journey from personal tragedy to founding a boutique CRE firm, focusing on retail and restaurant leasing. • The importance of mindset, mentorship, and lifelong learning in overcoming challenges and achieving professional growth. • How marathon running has shaped Heather’s discipline, perseverance, and approach to commercial real estate. • Heather’s strategies for succeeding in a competitive market, including leveraging local knowledge and creativity in property development. CONTACT YOUR HOSTS:  LinkedIn:  @spurequity  Website: www.spurequity.com CONTACT TODAY'S GUEST: Linkedin: https://www.linkedin.com/in/heathermewing/

Ep. 34: Opportunities Beyond Fear: Real Estate Lessons from Brian Briscoe

Join us in this insightful episode of the Spur Your Wealth podcast as we sit down with Brian Briscoe, former Marine turned real estate investor. Brian shares his inspiring journey from military service to building a multimillion-dollar real estate portfolio. Learn the keys to overcoming fear, scaling multifamily investments, and why real estate is a powerful tool for financial freedom. Whether you're a seasoned investor or just starting, this episode is packed with actionable advice you don't want to miss! Key Points from the Episode: * Brian Briscoe transitioned from a 20-year military career to becoming a multifamily real estate investor, owning over 1,500 units across the U.S. * He emphasizes that opportunity in real estate lies just on the other side of fear, and persistence is key to success. * Hiring a coach was instrumental in accelerating Brian’s growth and understanding of multifamily syndication. * Flexibility in exit strategies and long-term planning are essential in navigating current market conditions for real estate investors. CONTACT YOUR HOSTS:  LinkedIn:  @spurequity  Website: www.spurequity.com CONTACT TODAY'S GUEST: Linkedin: https://www.linkedin.com/in/brian-briscoe-ut/ Website: https://www.streamlinecapitalgroup.com/about

EP 33: Mobile Home Park Investments: Cory’s Path to Cash Flow and Equity

Join us for an eye-opening episode featuring Cory Harrelson, a structural engineer turned successful RV and mobile home park investor. In this episode, Cory walks us through his journey from long hours as an engineer to finding financial freedom through real estate investment. After being inspired by "Rich Dad, Poor Dad," Cory stumbled upon a mobile home park for sale on Craigslist, leading to a game-changing investment in a twelve-unit park close to home. Cory shares invaluable lessons from his experiences, including a challenging mobile home park deal involving a wastewater treatment plant, and how he turned a financial hardship into a profitable sale. He emphasizes the importance of double-checking insurance limits and discusses the financial feasibility and potential returns of investing in mobile home parks compared to multifamily properties.s. Whether you're an experienced investor or new to the world of mobile home parks, this episode is packed with actionable insights and strategies for achieving financial freedom through real estate investment. KEY POINTS FROM THE EPISODE: 1. Navigating Investment Challenges  Cory Harrelson shared a significant lesson from a challenging mobile home park deal involving a costly miscalculation related to a wastewater treatment plant. Despite experiencing a fire loss and financial difficulties, Cory managed to secure a cash-out refinance and ultimately sell the park at a profit. 2. The Value of Mobile Home Park Investments  Cory emphasized the financial feasibility and potential returns of mobile home park investments. He highlighted that mobile home parks are the most affordable form of housing without government subsidies, offering decent places for people to live while also providing value-add opportunities due to deferred maintenance and vacancies. 3.Improving Community Quality  Cory discussed various improvements made to mobile home parks, such as paving roads, tree work, fencing, signage, and hosting community cleanups. He also addressed residents' concerns, like enhancing trash services and ensuring well-lit entrances, which contribute to better living conditions. 4. Investment Strategy and Tax Benefits Cory and Rav Singh talked about their investment strategy focusing on long-term holds and cash-out refinancing, rather than quick sales. They leveraged cost segregation and bonus depreciation strategies to yield significant tax savings and depreciation recapture benefits in the long run. 5. Remote Park Management Cory shared insights into managing remote mobile home parks, including hiring on-site managers and utilizing automation tools for rent collection. He noted the limited availability of third-party management companies in the mobile home park industry compared to apartments, emphasizing the importance of efficient system setups for smooth operations CONTACT YOUR HOSTS: LinkedIn:  @spurequity Website: www.spurequity.com [http://www.spurequity.com] CONTACT TODAY'S GUEST: Linkedin: https://www.linkedin.com/in/cory-harelson-81141414 [https://www.linkedin.com/in/cory-harelson-81141414] Website: https://freedominvestinggroup.com/ [https://freedominvestinggroup.com/]

EP. 32: Wealth Creation and Planning: Insights from Real Estate Investors and Advisors

Join us for an insightful episode featuring Adam Doran, a former police officer turned wealth advisor, alongside Param and Rav Singh. Adam shares his unique journey from law enforcement to real estate investing and financial advisory, offering a fresh perspective on wealth creation and financial independence. In this episode, Adam and the hosts discuss the importance of involving the younger generation in real estate investment, and how this exposure lays the foundation for sound financial habits and mindset. Adam reveals his three key principles for wealth creation: consistent saving, starting a business for tax advantages and income scaling, and investing in income-producing assets. This episode is packed with valuable insights on financial literacy, lifestyle investing, and creating multiple income streams for a stable financial future. Whether you are a seasoned investor or new to real estate, you will find actionable strategies to take control of your financial journey. KEY POINTS FROM THE EPISODE: 1.Involving Children in Financial Journeys Both Adam and Param have integrated their children into their real estate investment journeys. This involvement, even if not always enjoyable for the children, has nurtured good financial habits and a foundational mindset for wealth creation. 2. Adam's Wealth Creation Principles  Adam outlines three key principles for wealth creation  Consistent saving Starting a business for tax advantages and income scaling Investing excess capital in income-producing assets 3. Career Transition and Education  Adam's journey from law enforcement to finance highlights the importance of education, personal development, and mentorship. His career shift was fueled by attending seminars and immersing himself in real estate investment. 4. Diversification and Financial Planning  Emphasizing the need for diversification and managing risk, the discussion explores non-correlated assets to stabilize income, the importance of multiple income streams, and starting financial and estate planning conversations early. 5.Financial Freedom and Lifestyle Investing The importance of financial freedom and lifestyle investing is stressed. Param and Rav wish to become passive investors to gain more time for family and passion projects. The focus is on achieving a desired lifestyle rather than being driven purely by financial gains. CONTACT YOUR HOSTS:  LinkedIn:  @spurequity  Website: www.spurequity.com CONTACT TODAY'S GUEST: Linkedin https://www.linkedin.com/in/adamdoran33  Email: adoran@prevailiws.com  Website: https://prevailiws.com/adamdoran/

EP. 31: Real Estate Mastery: Infinite Banking and Strategic Property Investments

Join us for an illuminating episode of  "Spur Your Wealth" featuring Brandon Beaudoin , a dynamic entrepreneur, real estate investor, and U.S. Navy veteran. In this episode, Brandon, known as the "infinite banking guy," unpacks the powerful concept of infinite banking and how whole life insurance can be a game changer for your financial strategy. Discover how borrowing from an insurance company's cash value is essentially borrowing from yourself and why this can be advantageous in different scenarios. Brandon, alongside our guests, delves into real estate investment strategies, emphasizing how you don't need a large savings account or your own money to start accumulating properties. Whether you're new to real estate investing or looking for innovative financial strategies, Brandon's insights on leveraging cash value life insurance for financial flexibility and real estate investment are invaluable. He provides practical examples on how to utilize infinite banking as a brand-new investor with stable income, ensuring your money works for you in multiple avenues KEY POINTS FROM THE EPISODE: 1. Infinite Banking Concept  Brandon, along with other guests, delves into the concept of "infinite banking" using dividend-paying whole life insurance. They explain how it can serve as a financial strategy, allowing individuals to borrow from their insurance, essentially borrowing from themselves, for various investments including real estate. 2.  Real Estate Investment The discussion emphasizes the potential of real estate investment and how one doesn't necessarily need a large savings account or their own money to start. Strategies like house hacking and zero-down VA loans are highlighted as ways to enter the real estate market. 3.  Continuous Learning and Networking. The guests stress the importance of continuous learning, networking, and maintaining an open mind when it comes to financial opportunities. These elements are crucial for success in both real estate and any financial endeavors. 4.  Technological Advancements in Property Management Param discusses the significant impact of technology on real estate, particularly in short-term rentals and property management. Modern technology has made managing properties from a distance easier and more scalable, which benefits real estate investors. 5.  Brandon Beaudoin's Background and Experience.The episode provides insights into Brandon's background, including his upbringing in northern Michigan, his service in the US Navy, and his real estate investing journey from 2012. His military experience influenced his financial strategies, and his transition from long-term to short-term rentals showcases his adaptability in the real estate market. CONTACT YOUR HOSTS:  LinkedIn:  @spurequity  Website: www.spurequity.com CONTACT TODAY'S GUEST: Linkedin: https://www.linkedin.com/in/brandon-beaudoin-m-e-m-22b86940  Email: brandonb@wealthwithalps.com Website: https://www.yourownbankwithalps.com/