Whiskey and Real Estate: Round Table Discussion
07/28/21 • 81 min
Making money is not rocket science. It can be done in a variety of smart and creative ways. While building your wealth is possible in multiple means, having the right mindset and the power to take control of your finances can catapult you towards financial independence.
How to take control of your finances:
- Take action: Preparation meets opportunity.
- Expand your community: Your network is your net worth.
- Continuous education: Learn from mentors and doers.
On the Expert(ish) Podcast today, Ryan Breznik, Erik Hitzelberger, and Jared Kelley get together once again to talk about everything real estate over a couple of whiskeys. They will cover topics such as how to get started investing in property, how to mitigate risks, and their future plan to launch an incubator for people interested in getting into the real estate market.
Enjoy!
In This Episode
2:12 - Jared's take on how to start investing in real estate
4:02 - Erik's advice on how to build a passive income the fastest
6:23 - Ryan's perspective on why people are afraid to invest
12:19 - Smart and easy steps for getting started with rental properties
16:32 - An investor's mindset when dealing with risk
26:09 - Why time is an investor's best friend
35:04 - The definition of an incubator in real estate
44:52 - The power of Roth IRA
52:17 - How Ryan, Jared, and Erik view past mistakes
1:03:07 - Creative ways to get a toe in the water on property investing
1:14:13 - What's next for Jay, Ryan, Jared, and Erik
Favorite Quotes
"At the end of the day, our goal here is to create passive income that exceeds our expenses. The fastest way to start building that passive income is to acquire the assets that are going to pay for it. The fastest way to acquire the assets is to use other people's money." - Erik Hitzelberger
"The number one way to get into real estate is to find a dealer and find a way to make money on it. But don't always shoot yourself short. Maybe there are other options, other strategies that could make sense besides saving up a bunch of money." - Jared Kelley
"The money is the easy part. There's a lot of money out there and it's sitting on the sidelines and people would gladly give it to you if you can show them a way to turn a profit from. If you can put together the deal, the money will come." - Erik Hitzelberger
"Sometimes we forget that our trade or our knowledge is worth something and it doesn't just have to be money that's on the table. Buying is the number one thing to do. If you buy right, the money's going to fall." - Jared Kelley
"You don't have to jump all into this multimillion-dollar rental company. It doesn't need to be multifamily, that's not maybe a starting point for you. It could be for somebody if you find the right deal. But for those who are just starting out, it can be smaller steps." - Ryan Breznik
"The worst place you can have your money is in cash. The higher the inflation rate, the worse that is. Everyone should have a savings account to cover unexpected costs. After that, the money that you have is losing value every single day. “ - Erik Hitzelberger
"If you're not working on developing your own operational plan for your finances, no one else is. It's just sitting there. Time goes by and time's never on your side." - Erik Hitzelberger
"Don't beat yourself up about those past mistakes. But utilizing them and analyzing that portion of your life or where you are as an investor is important." - Ryan Breznik
"Somebody is going to control your finances. Somebody is going to control your time. I think that person should be you. You're doing yourself a huge disservice if it's not you. So take the actions, find the right people, get yourself educated, and get started." - Erik Hitzelbeger
How to get connected:
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
...
Making money is not rocket science. It can be done in a variety of smart and creative ways. While building your wealth is possible in multiple means, having the right mindset and the power to take control of your finances can catapult you towards financial independence.
How to take control of your finances:
- Take action: Preparation meets opportunity.
- Expand your community: Your network is your net worth.
- Continuous education: Learn from mentors and doers.
On the Expert(ish) Podcast today, Ryan Breznik, Erik Hitzelberger, and Jared Kelley get together once again to talk about everything real estate over a couple of whiskeys. They will cover topics such as how to get started investing in property, how to mitigate risks, and their future plan to launch an incubator for people interested in getting into the real estate market.
Enjoy!
In This Episode
2:12 - Jared's take on how to start investing in real estate
4:02 - Erik's advice on how to build a passive income the fastest
6:23 - Ryan's perspective on why people are afraid to invest
12:19 - Smart and easy steps for getting started with rental properties
16:32 - An investor's mindset when dealing with risk
26:09 - Why time is an investor's best friend
35:04 - The definition of an incubator in real estate
44:52 - The power of Roth IRA
52:17 - How Ryan, Jared, and Erik view past mistakes
1:03:07 - Creative ways to get a toe in the water on property investing
1:14:13 - What's next for Jay, Ryan, Jared, and Erik
Favorite Quotes
"At the end of the day, our goal here is to create passive income that exceeds our expenses. The fastest way to start building that passive income is to acquire the assets that are going to pay for it. The fastest way to acquire the assets is to use other people's money." - Erik Hitzelberger
"The number one way to get into real estate is to find a dealer and find a way to make money on it. But don't always shoot yourself short. Maybe there are other options, other strategies that could make sense besides saving up a bunch of money." - Jared Kelley
"The money is the easy part. There's a lot of money out there and it's sitting on the sidelines and people would gladly give it to you if you can show them a way to turn a profit from. If you can put together the deal, the money will come." - Erik Hitzelberger
"Sometimes we forget that our trade or our knowledge is worth something and it doesn't just have to be money that's on the table. Buying is the number one thing to do. If you buy right, the money's going to fall." - Jared Kelley
"You don't have to jump all into this multimillion-dollar rental company. It doesn't need to be multifamily, that's not maybe a starting point for you. It could be for somebody if you find the right deal. But for those who are just starting out, it can be smaller steps." - Ryan Breznik
"The worst place you can have your money is in cash. The higher the inflation rate, the worse that is. Everyone should have a savings account to cover unexpected costs. After that, the money that you have is losing value every single day. “ - Erik Hitzelberger
"If you're not working on developing your own operational plan for your finances, no one else is. It's just sitting there. Time goes by and time's never on your side." - Erik Hitzelberger
"Don't beat yourself up about those past mistakes. But utilizing them and analyzing that portion of your life or where you are as an investor is important." - Ryan Breznik
"Somebody is going to control your finances. Somebody is going to control your time. I think that person should be you. You're doing yourself a huge disservice if it's not you. So take the actions, find the right people, get yourself educated, and get started." - Erik Hitzelbeger
How to get connected:
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
...
Previous Episode
The Marine Investor
Combining his two expertise, flipping multifamily investments and strong military background, Hutch The Marine Investor has found the right blend of helping people in the military. As one of the main concerns after leaving active duty is cash flow, he is committed to bringing together veterans and high-net-worth investors to create passive income so veterans don't have to work another year in the civilian sector.
His goal:
- Help service members get their time back and enjoy life even before the age of retirement.
In today’s episode of the Expertish Podcast, our guest, Shelon "Hutch The Marine Investor" Hutchinson will talk about how he translates his military experience into successful multifamily syndication strategies. He will also speak about mindset, how he is able to lead and help people, and the power of networking and partnership.
Shelon “Hutch The Marine Investor” Hutchinson is a Master Sergeant (E-8) in the United States Marine Corps. Throughout his 22 years career, he has served in many leadership roles in Marine Corps aviation. He has successfully executed over $2.4 million in single-family real estate transactions, which include over $870k as a real estate agent (currently not active) and over $11m in multifamily property acquisition. Together Hutch and his partner Dr. Heath Jones own H Squared Capital, a real estate firm focused on syndicating multifamily apartments in the Southeast.
Enjoy!
In Today's Episode
1:38 - Backstory of Shelon "Hutch The Marine Investor" Hutchinson
6:09 - Why millennials have an advantage over older cadets in the Marine Corps
8:39 - How he came up with a strategy to help people
12:31 - What attracted Hutch to investing
16:28 - His journey into flipping multifamily properties
23:10 - What's next for Hutch the Marine Investor
29:56 - Why your actions on social media matter
Favorite Quotes
"What kind of generational changes can I make or improvements can I make? Curiosity feeds that passion and you can grow to a limitless potential." - Hutch The Marine Investor
"When you go back way into your life, you can figure out certain little things that have happened that puts you in the exact place that you are today." - Hutch The Marine Investor
"We will never be able to influence an individual if we do not understand their story. Not just their background, but what is that story that they repeatedly tell themselves." - Hutch The Marine Investor
"The eyes will not see, the ears will not hear where the mind is not looking for. So once you become aware of the future trying to create for yourself, it develops a curiosity." - Hutch The Marine Investor
"The cool thing about real estate is that you live where you want to live and invest where the numbers make sense." - Hutch The Marine Investor
"We are so interconnected nowadays, especially with social media, we are able to identify success and failures to ensure that we can mirror those successes and acknowledge those failures. We don't make the same mistakes." - Hutch The Marine Investor
"When you look at your responsibility in leadership, it makes you more engaged and it makes you want to create a better future for yourself and for your family." - Hutch The Marine
How to get connected with Hutch The Marine Investor
The Multifamily Real Estate Experiment Podcast
Southeast multifamily investor meetup
Connect with JAY JOHNSON
Call (858) 925- 4536
Next Episode
Ep46 - Investments in Finance & Yourself with Kathryn Dew
Careers in the military do not last a lifetime. As a military spouse, Kathryn invests time into learning things that she can put into action when the time comes. Being self-driven and a strong believer in herself, she is now dominating the restaurant industry, has multiple investments, and is on the way to build a restaurant from scratch.
The winning attitude that set you up for success:
- Believe in yourself
- Have the "I can do it" attitude
In this episode of the Expertish Podcast, Jay is joined by his good friend Kathryn Dew to talk about how a military spouse masters the food service and management industry. Her positive outlook, high level of self-confidence, and strong work ethic will inspire and motivate you to continue on your path to self-development and achieve your goals.
Enjoy!
In This Episode
1:21 - Backstory of Kathryn Dew
8:32 - Her mentality towards being a military spouse
18:04 - The ways in which her family maintains financial stability
23:55 - How to start investing even if you have little knowledge about the subject
30:26 - Kathryn's secrets to thriving no matter where her family is deployed
35:32 - How Kathryn operates in the workplace
46:03 - Her winning attitude that set her up for success
54:26 - What's next for Kathryn Dew
1:03:07 - How she got her first job promotion
Favorite Quote
"A lot of people in the military never necessarily think you're going to be wealthy. You don't really think you're going to have a lot to pass on to whoever is behind you, whoever you have left your kids, your family, whatever. Like it's just not something a lot of people even feel like they can dream about. And I think that conversation has to change. With hard work, with a smart strategy, you can build wealth for yourself and you can build wealth to pass on to your family." - Kathryn Dew
"Being a good business person is when you don't know something, find somebody that does and have them teach it to you." - Kathryn Dew
"Growing and developing as a person is being put into a situation in which you need to create and have this growth." - Kathryn Dew
"When you go into investing, you owe it to yourself to investigate what you're doing." - Kathryn Dew
"I don't think not understanding a subject is the reason why you should not invest in it. Find somebody who understands the subject and have them guide you." - Kathryn Dew
"Almost anywhere you get deployed to or move to, you do have a support system if you're willing to reach out to it. And the other half of it is just your mindset. Like in my mind, I'm the greatest at what I do and nobody can tell me differently." - Kathryn Dew
"A leap of faith in yourself is important. The one thing I'm always going to do for myself, like day after day without failure is telling myself I can do it." - Kathryn Dew
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/expertish-podcast-172578/whiskey-and-real-estate-round-table-discussion-15716041"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to whiskey and real estate: round table discussion on goodpods" style="width: 225px" /> </a>
Copy