MONOPOLY LIFE PODCAST

In this episode of "Monopoly Life," hosts Sergio Hernandez and Omar Martinez welcome Jared and Brian from Triplex Millionaires. The conversation kicks off with appreciation for Jared and Brian's time given their busy schedule with numerous projects. The hosts delve into the origins of their guests' venture into Accessory Dwelling Units (ADUs), prompted by an introduction through Brian Decker and a personal investment strategy aimed at enhancing a two-unit property. This leads to a discussion on the cost-effective and successful ADU projects managed by Triplex Millionaires, contrasting with initial, higher cost expectations.
Jared and Brian recount their entry into the ADU market about three and a half years ago, spurred by new legislation in 2020 that made ADU development more feasible by reducing fees and regulatory barriers. Their first project in Hemet faced significant challenges, including high development fees and lengthy negotiations with the city, illustrating the hurdles of pioneering ADU projects under the new law. Despite these obstacles, they managed to significantly reduce fees and set a precedent for future projects.
The conversation further explores the financial and operational strategies behind successful ADU projects, including dealing with city ordinances and leveraging legal advice to navigate regulatory requirements. Jared and Brian highlight the importance of aligning their practices with the letter of the law, ensuring compliance while optimizing project outcomes.
Their first successful ADU project not only demonstrated the viability of their approach but also set a template for future ventures, leading to a series of profitable ADU developments. The guests reflect on the lessons learned from their initial projects and the potential they unlocked for investors and homeowners alike, emphasizing the strategic advantage of their early entry into the ADU market.
This episode offers insights into the challenges and opportunities of ADU development, showcasing Jared and Brian's innovative approach to real estate investment and the impact of legislative changes on the housing market. Through their experience, listeners gain a deeper understanding of the complexities and rewards of ADU projects, as well as the strategic foresight needed to navigate the evolving real estate landscape.
The best way to contact Brian & Jared is to message them on Instagram @cashflowcalifornia
Also if you want to join the Triple Millionaire here is the affiliate link
https://triplexmillionaire.com/on-demand-opt-in-7490?am_id=sergio120
Here is what you can learn and have access to this private group.
THE STRATEGY

🚀Phase 1:

Use the new California ADU laws to create Tri-Plexes from traditional single-family homes.

💲Phase 2:

Generate $2,500 per month in free cash-flow and $100K in forced appreciation from each project.

🎉 Phase 3:

Wipe out your other income tax liabilities with new asset depreciation on each project.

💰Phase 4:

Tenants pay down the debt, creating generational wealth for you and your family.

🏠Rinse and Repeat👍

Hosted by:
Sergio Hernandez
DRE#01190068 | NMLS# 108378
Instagram
Omar A. Martinez
DRE# 01290170 | NMLS#108525
Instagram
All information is for informational purposes.

In this episode, we're diving into the exciting world of Accessory Dwelling Units (ADUs) and Expanded Dwelling Units (JADUs) and how they can change the game in real estate investment and homeownership. 🏠

🌟 The ADU & JADU Opportunity: 🌟

🏡 ADUs are a hidden gem in the real estate market! They offer a fantastic opportunity to maximize the real estate you already own.
Looking for an affordable entry point into homeownership or a smart investment? ADUs might be the answer.

ADUs can house elderly parents or provide a great space for family members who are struggling to find affordable housing.

College students, remote workers, and more – there's a demand for smaller living spaces, and ADUs fit the bill.

The ROI Game-Changer:

Convert garages into rentable units and enjoy a high return on investment (ROI) that could exceed 20%.

ADUs can serve as your private office space, especially in the era of remote work.

Dreaming of a bigger home? Convert your single-family residence into multiple units, generate income, and move up to your dream home faster.

We're Here to Help: 🤝

❓ Got questions? Reach out to us anytime! We're passionate about sharing knowledge and helping you succeed in real estate.

Join us on this exciting ADU & EDU journey, where we'll provide updates, tips, and insights to empower your real estate endeavors.

Don't forget to subscribe, leave a review, and share this episode with anyone looking to unlock the potential of ADUs and EDUs in their real estate journey.

Thank you for being a part of the Monopoly Live community! Your support means the world to us. 🌍

Hosted by:
Sergio Hernandez
DRE#01190068 | NMLS# 108378
Instagram
Omar A. Martinez
DRE# 01290170 | NMLS#108525
Instagram
All information is for informational purposes.

In this episode of Monopoly Life Podcast, we're diving deep into the art of achieving financial freedom by conquering credit card debt. Join us as we unveil the five crucial steps that can help you break free from the shackles of high-interest credit card balances and take control of your financial future.

🔑 Step 1: Assess Your Debt Situation We kick things off by showing you how to take a comprehensive look at your current debt situation. From understanding your total outstanding balances to dissecting interest rates and minimum payments, we'll guide you through the critical assessment process.

📊 Step 2: Create a Budget that Works Mastering your finances begins with crafting a budget that aligns with your goals. We'll share expert tips on how to create a realistic budget that allows you to allocate funds for debt repayment while still enjoying life's pleasures.

💡 Step 3: Choose Your Debt Paydown Strategy Discover the pros and cons of popular debt repayment methods, such as the Snowball Method and the Highest APR First Method. We'll help you determine which strategy suits your financial personality and goals.

💰 Step 4: Negotiate Lower Interest Rates Learn the art of negotiating with credit card companies to secure lower interest rates. We'll provide you with practical scripts and strategies to use when talking to customer service representatives.

🚀 Step 5: Stay Committed to Your Debt-Free Journey Achieving a debt-free life is a marathon, not a sprint. We'll explore effective ways to stay motivated, track your progress, and celebrate your victories along the way.

Join us for an in-depth discussion that will empower you with the knowledge and confidence you need to tackle your credit card debt head-on. Whether you're just starting your journey to financial freedom or looking to fine-tune your debt payoff strategy, this episode is packed with actionable insights to help you reach your goals faster. Don't miss out on this transformative episode of Monopoly Life Podcast!

Thank you for listening and Please share and rate this podcast so that we are able to reach more people who might need the help!

Also attached you will find the link for a shareable Google doc that has everything to get you started

https://docs.google.com/spreadsheets/d/1B6LYGLQrDqLdsKpUBUGIldeyoLtvMbIXTs4erd7FSZg/edit?usp=sharing

Hosted by:
Sergio Hernandez
DRE#01190068 | NMLS# 108378
Instagram
Omar A. Martinez
DRE# 01290170 | NMLS#108525
Instagram
All information is for informational purposes.

Claudia's journey begins as a bookkeeper diligently working at a company in Southern California, unaware that her life is about to take an unexpected turn. Following an unforeseen termination within the company, Claudia finds herself thrust into the role of a property manager, a position she never anticipated. However, with her resourcefulness and natural ability to adapt to new challenges, Claudia not only embraces her newfound role but surpasses all expectations.

Over time, Claudia's passion for property management flourishes, leading her to establish her own highly successful property management company in Southern California. With a discerning eye for investment opportunities and a profound understanding of the local real estate market, Claudia's expertise has proven invaluable to both tenants and property owners alike.

Yet, Claudia's journey doesn't end there. Recognizing the immense significance of homeownership and the American dream, she expands her services to assist tenants in realizing this lifelong aspiration. Through her tireless dedication and unwavering commitment, Claudia has become a Realtor, guiding individuals who aspire to own their first homes.
Join us for an inspiring episode as Claudia Coronado shares her remarkable insights, strategies, and experiences. From navigating the complexities of property management to empowering tenants to transform their dreams into reality, Claudia's story embodies resilience, determination, and an unwavering belief in the power of homeownership.
Tune in to the Monopoly Life Podcast and allow Claudia's captivating journey to ignite your own entrepreneurial spirit and unlock the doors to success in the realm of real estate. Prepare to embark on an extraordinary adventure brimming with invaluable insights and wisdom from one of Southern California's most brilliant property management stars, Claudia Coronado.
Claudia Coronado
DRE#0180799
IG @cic_realtor_me

Hosted by:
Sergio Hernandez
DRE#01190068 | NMLS# 108378
Instagram
Omar A. Martinez
DRE# 01290170 | NMLS#108525
Instagram
All information is for informational purposes.

In this episode, we dive into the current state of the real estate market and explore the pros and cons of buying vs renting a home. We also discuss various loan options available to homebuyers and provide tips for successful home buying, including how to prepare for homeownership. Join us as we speak about valuable insights into making the best decisions for your housing needs. Whether you're a first-time buyer or a seasoned homeowner, this episode has something for everyone.

Hosted by:
Sergio Hernandez
DRE#01190068 | NMLS# 108378
Instagram
Omar A. Martinez
DRE# 01290170 | NMLS#108525
Instagram
All information is for informational purposes.