In this electrifying episode of Making Bank, we journey through the remarkable tales of individuals who have turned adversities into stepping stones towards monumental success. Josh Felber shares his own insights, weaving together the diverse perspectives and stories shared by the guests. He reflects on the common threads that run through each narrative, such as the importance of resilience, innovation, and the willingness to learn from both successes and failures. Felber's commentary ties the episode together, offering listeners a cohesive understanding of the multifaceted nature of entrepreneurship and the varied paths that can lead to success.

02:44 Kevin Harrington: The Infomercial Innovator Kevin Harrington takes us behind the scenes of his groundbreaking journey into the world of infomercials, shedding light on how he capitalized on untapped TV time slots to revolutionize advertising. Harrington's story is a fascinating exploration of innovation, persistence, and the art of seizing opportunity. He delves into the challenges of financial distress due to success, underscoring the complex balance between achieving high sales and managing inventory demands, offering invaluable insights into the entrepreneurial mindset that transforms obstacles into stepping stones.

07:28 Mitch Miller: A Wake-Up Call to Entrepreneurship Mitch Miller shares a startling personal story, detailing a life-altering wake-up call he received at the young age of 21. This pivotal moment, marked by a serious health scare, forced Miller to reassess his life choices and ignited a passionate journey into the world of entrepreneurship and self-improvement. His narrative is not just a tale of personal triumph but a testament to the awakening that often precedes the entrepreneurial journey, highlighting the profound realization that to achieve greatness, one must first look inward and embrace change.

14:45 Garrett Gunderson: Rethinking Wealth Management Garrett Gunderson introduces a fresh perspective on wealth management, emphasizing not just the accumulation of wealth but the importance of keeping more of what one earns. He challenges conventional financial wisdom by advocating for cash flow investing over accumulation, arguing for the power of immediate cash flow to achieve economic independence. Gunderson's approach is a call to entrepreneurs to rethink their financial strategies, focusing on efficiency, strategic investment, and the crucial role of cash flow in building lasting wealth.

17:43 Babak Azad: Mastering Scale through Sales Babak Azad brings a laser focus to the critical role of sales in the growth and scaling of a business. He discusses the paramount importance of having a solid sales strategy, especially in the early and growth stages of a business. Azad's insights into operational efficiency and the optimization of the sales process serve as a roadmap for entrepreneurs looking to scale their businesses effectively. His emphasis on sales as the lifeblood of a business operation highlights the necessity of mastering the art of selling to ensure the survival and growth of any entrepreneurial venture.

22:32 Marshall Sylver: The Power of Subconscious Reprogramming Marshall Sylver takes us into the fascinating world of subconscious reprogramming, illustrating the profound impact our subconscious beliefs have on our reality. He weaves a compelling narrative about the transformative power of hypnosis in personal development and success, offering a unique perspective on how altering our subconscious mindsets can lead to significant changes in our personal and professional lives. Sylver's discussion is a riveting exploration of the mind's potential and the untapped capabilities that lie within the realm of the subconscious.

28:42 Dennis Yu: The Importance of Connections and Mentorship Dennis Yu emphasizes the pivotal role of connections and mentorship in his journey, sharing insights into how these elements have been crucial to his success. Yu's narrative underscores the value of building a strong network and learning from those who have walked the path before, highlighting that the right relationships can open doors and provide invaluable guidance. His story serves as a reminder that while individual effort is important, the support and wisdom of mentors and a robust network can be transformative.

35:46 Syed Balkhi: Navigating Challenges with Creativity Syed Balkhi reflects on his experiences of facing seemingly insurmountable challenges and finding creative solutions to overcome them. He shares a personal anecdote about the financial hurdles he encountered and how thinking outside the box allowed him to navigate these obstacles successfully. Balkhi's story is a testament to the power of creative problem-solving in entrepreneurship, illustrating that limitations can often lead to innovative solutions when approached with a resilient and inventive mindset.

Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Chris Prefontaine, Mat Simmons, Avery Carl, Salvatore Buscemi, Jake Stenzanio and Gino Barbaro and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully begin your career in Real Estate .

(1:29) Chris Prefontaine

There's chaos again. There's a little uncertainty again.The media's screaming recession. But all we do know is that interest rates went up. A lot of the buyers get pushed to the side who sadly thought they could buy. Demand came down a little bit and there is no other time better than right now to adapt creative financing. Recession may be scary but with proper creative financing, it shouldn’t be a problem.

(7:27) Mat Simmons

Be very picky and choosy about what you buy. Make sure that your interest rate is lower than your cap rate, so you're not negative leverage and make sure that whatever you're buying right now, with whatever loan program or debt you're using does not have a prepayment penalty on it within the next two to three years because rates are gonna be lower than in next, next two to three years than where they're at now.

(15:03) Avery Carl

Start early. The earlier you invest the better. Most of us when we are buying a house, we would require it to be like our dream house, our forever house. A house as nice as our parent’s house and for this reason we lose out on a lot of great deals. The cheap house which we rejected yesterday might be worth millions today. The best time to buy real estate was yesterday.

(20:01) Salvatore Buscemi

The type of commercial real estate comes in is speculative.That's single family homes and that's multi-family. It's a wealth creator. That's where you buy it, fix it, flip it. That's construction. You buy, you flip it, you change from class C to class B, apartment families, anything with residential. It is a wealth creation mechanism.

(25:12) Jake Stenziano

It always comes down to supply and demand. But keep in mind, This is a basic human need. You want to make sure that the jobs are there, the population is there, the growth is going to be there, wherever you're investing in. If you're in a growth market where people want to be okay, where there's population and job growth, you're gonna be much more insulated than if you're in one where they've been losing population.

(28:37) Gino Barbaro

You have to understand the market cycle and what type of asset to buy and what type of debt you need to do, and what type of exit strategy to have.You need to learn all of these things whether you're in real estate or any other investment. When you become really savvy, you know when to buy, whether the market is going up or the market's going down.

(32:07) Jake Stenziano

Buy right, manage right, and finance right.These three pillars are significant to sound multifamily investing. It's a framework. Once you buy it, that's done. Once you finance it, you’re probably fixing for a minimum of 10 years and then it all comes down to management.

Link:

@smartrealestatecoach

@realmatsimmons

@theshorttermshop

@salvatorembuscemi

@jakeandgino

Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Chris Prefontaine, Mat Simmons, Avery Carl, Salvatore Buscemi, Jake Stenzanio and Gino Barbaro and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully begin your career in Real Estate .

(2:38) Chris Prefontaine

There's chaos again. There's a little uncertainty again.The media's screaming recession. But all we do know is that interest rates went up. A lot of the buyers get pushed to the side who sadly thought they could buy. Demand came down a little bit and there is no other time better than right now to adapt creative financing. Recession may be scary but with proper creative financing, it shouldn’t be a problem.

(8:42) Mat Simmons

Be very picky and choosy about what you buy. Make sure that your interest rate is lower than your cap rate, so you're not negative leverage and make sure that whatever you're buying right now, with whatever loan program or debt you're using does not have a prepayment penalty on it within the next two to three years because rates are gonna be lower than in next, next two to three years than where they're at now.

(16:18) Avery Carl

Start early. The earlier you invest the better. Most of us when we are buying a house, we would require it to be like our dream house, our forever house. A house as nice as our parent’s house and for this reason we lose out on a lot of great deals. The cheap house which we rejected yesterday might be worth millions today. The best time to buy real estate was yesterday.

(21:16) Salvatore Buscemi

The type of commercial real estate comes in is speculative. That's single family homes and that's multi-family. It's a wealth creator. That's where you buy it, fix it, flip it. That's construction. You buy, you flip it, you change from class C to class B, apartment families, anything with residential. It is a wealth creation mechanism.

(26:27) Jake Stenziano

It always comes down to supply and demand. But keep in mind, This is a basic human need. You want to make sure that the jobs are there, the population is there, the growth is going to be there, wherever you're investing in. If you're in a growth market where people want to be okay, where there's population and job growth, you're gonna be much more insulated than if you're in one where they've been losing population.

(29:51) Gino Barbaro

You have to understand the market cycle and what type of asset to buy and what type of debt you need to do, and what type of exit strategy to have.You need to learn all of these things whether you're in real estate or any other investment. When you become really savvy, you know when to buy, whether the market is going up or the market's going down.

(33:22) Jake Stenziano

Buy right, manage right, and finance right.These three pillars are significant to sound multifamily investing. It's a framework. Once you buy it, that's done. Once you finance it, you’re probably fixing for a minimum of 10 years and then it all comes down to management.

Link:

@smartrealestatecoach

@realmatsimmons

@theshorttermshop

@salvatorembuscemi

@jakeandgino