CFD 220 - David Campbell is the Leader of the Band When it Comes to Real Estate Investing

11/05/15 • 52 min

The first guy I ever met who wanted to buy a post office, Cash Flow Diary podcast guest David Campbell is someone I’ve known for some time. Today David is known for being a real estate investor and fellow educator, syndicator and entrepreneur. However, before this enterprising founder of Hassle-Free Cashflow Investing stepped into his current roles, David had other goals. He wanted to be a high school band teacher. He hit that goal, but realized in just a few years that he wouldn’t earn much as a teacher. He had zero net worth.

David’s path intrigues me, because it’s a bit different than most. The way he learned about the benefits of owning a business and taking depreciation to reduce taxes is different than anyone I’ve ever talked to. He was doing taxes on the side for a handful of people and saw that a business owner paid no taxes while he was paying. Something was off.

David started asking questions and decided to become financially independent in real estate by investing in rental properties. He started by renting out one of his rooms in a condo while living in the other. He was cleared for takeoff and in six years stepped out of the rat race. Because he played Cashflow 101, Robert Kiyosaki’s board game, David knew the secret to getting out of the rat race was to earn more in passive income than he paid out in expenses every month. So David kept his expenses very low so he could boost his income more quickly.

Today David’s company’s investing and advisory experience includes single-family houses, apartments, retail, office, medical, condo-conversion, net-leased properties, syndications, land development, production home building, private lending and even a winery. David has been a featured guest on some of America’s top radio shows and investing podcasts.

David’s blog, www.HassleFreeCashflowInvesting.com/blog, has been repeatedly named one of the top 100 real estate blogs in America. David is widely recognized as a cashflow real estate investing expert with real estate transactional experience totaling in the hundreds of millions of dollars. I absolutely love his blog and suggest you read it.

For now, give this episode a listen and see what you can learn from all that David has to share. You might want to take notes and become a regular visitor to David’s site.

For now, give this episode a listen and see what you can learn from all that David has to share. You might want to take notes and become a regular visitor to David’s site.

Previous Episode

CFD 219 - Jacob Black and Sterling White Zeroed in on a Market and Became Local Experts in Rental Properties

My Cash Flow Diary podcast guests Jacob Black and Sterling White move fast. They’ve created something that’s mighty impressive called Holdfolio. This innovative company enables investors to purchase ownership in a portfolio of income properties that the co-founders own. Holdfolio is the result of Jacob and Sterling deciding to create a partnership in a business that serves not just accredited investors but also those who don’t meet those requirements. Since both men love buying rental properties and have a passion for real estate investing, the partnership was a natural.

Jacob started really early in real estate investing. He was a freshman in college. One night he saw a late-night infomercial about real estate investing that grabbed his interest. So he put himself on the path to learning.

Sterling started even younger... as a kid in school selling candy! He found that he loved sales. Later in life he discovered real estate investing and ventured into the single-family home space in Indianapolis. It was through a seminar Jacob was attending with his mentor that Sterling and Jacob first met.

After Sterling introduced himself to Jacob at the event, he started showing up at Jacob’s office... frequently. His persistence paid off; Jacob took notice. It didn’t take long before the two were doing deals as a team.

Because I hear all sorts of excuses from people about why they haven’t gotten into real estate investing YET, I made sure to ask Jacob and Sterling how they feel about excuses. For example, I hear all the time, “I’m too old, too young, too busy, have kids, have chaos, too fat, too thin, too whatever” to do real estate investing. It’s crazy. And these are simply excuses. If you REALLY want to get into real estate investing (or anything else) you have to take action and learn how to do this new thing. Or just stop talking about it.

Sterling and Jacob completely agree. Neither of these men let their age or any other “obstacle” stop them from creating something really cool in the industry. To get there in their minds and allow the success they now enjoy, they say they took and continue to take from the pages of success and wealth-creation books, especially the classics! Knowing what it takes to earn long-term wealth, Jacob and Sterling worked with mentors, which shortened their learning curve from a decade down to two years. When they started working together they were able to become superstar investors.

Learn more about how Holdfolio works. It might be a way for you to jump into the real estate investing pool without the upfront learning curve, especially if you like the idea of investing in properties with good appreciation and good cashflow in Indianapolis and the midwest.

Next Episode

CFD 221 - Andrea Travillian Knows How to Avoid Debt and Live Affordably… Through Steps, Sacrifices and Planning Smarts!

Buying her first stock in the sixth grade, Cash Flow Diary podcast guest Andrea Travillian says that at that moment she was hooked. She loves investing! Andrea would end up earning her MBA and doing all sorts of financial planning for other people. But after learning a lot of different areas of that industry she decided she wanted to do something different. So she became an event and wedding planner. This actually makes more sense than you might think, because Andrea is a natural-born planner. She says she always planned events... as far back as childhood and her teenage years!

That path lasted for a while... until she got burned out, took her last client and then reimagined herself. Andrea became a bookkeeper and grew her client base, helping them with taxes and guiding them in better financial decisions.

This decision took her to a new path. Now Andrea Travillian is a small business advisor who specializes in helping business owners make smart decisions that improve profits, efficient and create a strong business.

It is obvious to me that Andrea displays a lot of courage, because she moved out of corporate finance and into the entrepreneurial world with amazing ease. Andrea says it wasn’t easy, but she did it because the pain of staying and all the overtime made leaving look very attractive.

Listen to this episode and you’ll learn of the events that pushed Andrea to become the entrepreneur she is today. Or might I say the HAPPY entrepreneur she is today!

I love how Andrea explains what she does for her clients, relating the steps to building a house. She says you need to first build the foundation, then the first floor followed by the second floor. If you only partially do one level the house will eventually collapse.

Before you can build the foundation, you need to have the master plans. Building a house without a plan is doable, but might take twice as long and you may not get what you really wanted. Business is the same way. If you don’t know where you want to end up and where your business will help with that then you have no idea if you will get where you want.

Your business foundation is your structure and includes your accounting, legal and basic management. Your first floor is you growing your business. You learn how to market and sell. You create products/services and learn how to manage it all.

The second floor is where you create processes, procedures, job descriptions – everything that you need to become efficient and be able to eventually delegate – so you can go hang out on your beach!

Your third floor is where you can choose to bring on staff and continue to grow the business. You don’t have to hire, but you are easily able to if you want! This is also where you begin to master the wealth generation so you can live your dream.

Finally you can “retire.” You may not think right now you will ever want to, but you may. At least by reaching the point where you could do this you get control over when you want it to happen. You are in charge of your life! And isn’t that what being a small business owner is all about? Being in charge of our own lives? Learn more. LISTEN NOW.