E58 - Information Overload with Rob Thyberg
12/09/21 • 71 min
Many people shy away from making an investment in real estate because it seems too complicated and risky. The information available on the internet has become so overwhelming that investors find it confusing rather than helpful. With the fear of making bad decisions, how can people overcome the barrier to entering the world of real estate investing?
In today’s episode of the Expert(ish) Podcast, Jay talks with Rob Thyberg about how to prevent information overload when investing in real estate for the first time. He will also offer some insight into property investment through blockchain technology and why he prefers to invest in multifamily properties.
Enjoy!
If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.
Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.
Favorite Quotes
2:43 - Backstory of Rob Thyberg
6:53 - Why information online makes property investing overwhelming for investors
10:38 - Communication and relationships as keys to simplifying complex real estate investment concepts
17:07 - Rob's journey into multifamily investing
31:28 - Why pumped-up speeches aren't always helpful when making investment decisions
46:45 - The beauty of multifamily properties
49:12 - How Rob manages multiple properties
57:17 - The intersection between blockchain technology and real estate investing
In This Episode
"The thing that holds people back, including myself, is that aversion to risk. If you have the will to do the due diligence and you also have the will to, 'this is what I want and I'm going to make it happen', then I would say, just do it!." - Rob Thyberg
"For someone who doesn't have a big pot of money to invest with, real estate seems like the highest barrier to entry." - Rob Thyberg
"When you know you're ready, you're ready. You can poke holes in any deal and be like, 'that's the reason I'm not doing it'. But the real reason you're not doing it is probably that you're scared." - Rob Thyberg
"What's so great about using the VA loan is that you don't have to be rich. You don't even have to be wise. The most attractive part is how accessible it is, but you have to get over that barrier to entry. What gets me over that is speaking with real-life people who have done it, not a talking head of the internet." - Rob Thyberg
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
Many people shy away from making an investment in real estate because it seems too complicated and risky. The information available on the internet has become so overwhelming that investors find it confusing rather than helpful. With the fear of making bad decisions, how can people overcome the barrier to entering the world of real estate investing?
In today’s episode of the Expert(ish) Podcast, Jay talks with Rob Thyberg about how to prevent information overload when investing in real estate for the first time. He will also offer some insight into property investment through blockchain technology and why he prefers to invest in multifamily properties.
Enjoy!
If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.
Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.
Favorite Quotes
2:43 - Backstory of Rob Thyberg
6:53 - Why information online makes property investing overwhelming for investors
10:38 - Communication and relationships as keys to simplifying complex real estate investment concepts
17:07 - Rob's journey into multifamily investing
31:28 - Why pumped-up speeches aren't always helpful when making investment decisions
46:45 - The beauty of multifamily properties
49:12 - How Rob manages multiple properties
57:17 - The intersection between blockchain technology and real estate investing
In This Episode
"The thing that holds people back, including myself, is that aversion to risk. If you have the will to do the due diligence and you also have the will to, 'this is what I want and I'm going to make it happen', then I would say, just do it!." - Rob Thyberg
"For someone who doesn't have a big pot of money to invest with, real estate seems like the highest barrier to entry." - Rob Thyberg
"When you know you're ready, you're ready. You can poke holes in any deal and be like, 'that's the reason I'm not doing it'. But the real reason you're not doing it is probably that you're scared." - Rob Thyberg
"What's so great about using the VA loan is that you don't have to be rich. You don't even have to be wise. The most attractive part is how accessible it is, but you have to get over that barrier to entry. What gets me over that is speaking with real-life people who have done it, not a talking head of the internet." - Rob Thyberg
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
Previous Episode
E57 - Business Taxes with Ann Marie
It's tax season again and so it is time to get the ball rolling on the taxes for your business. With planning and preparation being a challenge, tax professionals can be a lifesaver. They will help you understand how changes in tax laws affect your business, ensure that your business complies with tax regulations, and maintain a good relationship with the IRS.
In today’s episode of the Expert(ish) podcast, Jay talks with Ann Marie about tax planning. She will speak about the factors to consider when filing estimated tax payments, the benefits of working with a tax professional, and what investors can expect when preparing their estimated tax payments.
Enjoy!
If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.
Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.
In Today's Episode
4:08 - Factors to consider when filing an estimated tax payment
8:01 - What makes someone a real estate professional
14:33 - The benefits of working with a tax professional
19:10 - How investors should prepare for their first tax year
24:57 - Why the first tax year is very important
36:02 -Tax write-offs for investment property purchases
Favorite Quotes
"Tax planning is very important, especially this time of the year. Just get organized and now is the time. The holidays are going to hit and they're going to be like, 'oh it's Thanksgiving, I'll do it after. All of a sudden it's January and your estimated tax payments, the last one, midnight January 15th, and then you're scrambling and you're ripping your hair out. So just start now. You don't have to do it overnight. Just start hitting your ducks in a row, essentially." - Ann Marie
"For your first tax year with your investment property, get your expenses deductions and your books. If you come to a person who's doing your taxes with a hodgepodge of a mess, you're going to get charged a lot more. Know what's going on." - Ann Marie
"The three main topics that get audited - car, meals, and marketing. They don't want someone just throwing in a number." - Ann Marie
"The first tax year is very important because you're going to understand its growing pains. There's going to be some mistakes, but then you learn and you grow." - Ann Marie
Engage with Ann Marie
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
Next Episode
E59 - Creative Ways of Generating Income from Property Investing with Matthew Kane.
Many business owners often start out with the best intentions and then get overwhelmed by all of the different things they need to do. Without a system in place, they are left scrambling and stuck in a hamster wheel. They are constantly running in circles and can never catch up. Having a business system is essential not just for keeping your sanity in handling complex and daily business operations but also for expanding your company.
In today’s episode of the Expert(ish) Podcast, Jay talks with Matthew Kane about his transition from the military to the real estate industry, systems as the key element to scaling up your business, and other creative ways of generating income from property investing and management.
Matthew Kane is a real estate broker at eXp Realty and Coastal Carolina's favorite agent. He is committed to getting homes sold quickly and for the most money. As a former Management Consultant for Fortune 500 companies and the Federal Government, he has the ability to ensure processes run smoothly and efficiently, as well as a system in place to streamline business processes while maximizing the use of technology and innovation to market seller's homes and find buyer's homes.
Enjoy!
If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.
Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.
In This Episode
1:30 - Backstory of Matthew Kane
6:36 - How his experience running multiple businesses had helped him develop a business system
8:11 - The turning point where he needs to scale up his business
14:16 - How he transitioned from the military to civilian life
18:10 - Matthew's life in the military
25:14 - A creative way to generate additional revenue
29:27 - Areas where Matthew is active in real estate
Favorite Quotes
"I did 40 sales my first year. And that was the most stressful I've been in my entire life because I didn't have the real estate systems down. I have a whole bunch of CRM stuff down. But as far as transactions, coordinator, and assistants, that's pretty much all night trying to keep everything together every single day." - Matthew Kane
"If you want to create any kind of sales career where you can grow through the roof, you need to leverage on systems. If you don't have those systems in place, you're going to be on the hamster wheel, chasing deal after deal, close a house, become unemployed, try to find another client, and do it all over again." - Matthew Kane
"We're starting to do some team investments where I could essentially create a way for teammates to make additional revenue. I would leave it to the team to say, 'hey, you find a flip, you show me something where you can make a 30% return. I'll finance the flip, you manage the project. Then we'll split the profit'." - Matthew Kane
Engage with Matthew Kane
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
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