Chris Naugle has dedicated his life to being America’s #1 Money Mentor. His success includes managing over 30 million dollars in assets in the financial services and advisory industry and tens of millions in real estate business, with over 200 transactions and an HGTV pilot show since 2014. In 20 years, Chris has built and owned 16 companies, with his businesses being featured in Forbes, ABC and House Hunters. He is currently the co-founder and CEO of FlipOut Academy™, founder of The Money School™, and Money Mentor for The Money Multiplier. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Innovating what it takes to break the chains of financial slavery, Chris is driven to deliver the financial knowledge that fuels lasting freedom. To date, he has spoken to and taught over ten thousand Americans.
Most business owners are afraid of being sued, but in the real estate industry it’s unfortunately far more common. What can we do to safeguard ourselves from the inevitable? Is there anything we can do to protect our assets in advance? On this episode, founders of Leafy Legal Services, Brian Price and Jennifer Gligoric share how to protect our businesses from legal action.    Three Things We Learned Being sued is inevitable - get used to itWhen most people hear they could be sued, the initial reaction is panic - but it pays to remain calm and in control. Anyone working in real estate needs to know that being sued is part of the business. The best thing we can do is have a strong legal team on hand when it happens.   Establish an operating companySet up an operating company and think of it as your ‘face to the world’. Operating LLCs should be used to hire contractors, pay property managers and collect rent. They can also be used to get financing. However, this operating LLC should be our parent company - not the place we keep our assets.   Set up a series LLCFrom our ‘parent’ company, we can set up ‘child’ LLCs. Each of these child LLCs are in an anonymous land trust, meaning they’re not available to the public. This is a great way to dissuade people from suing, because they don’t have visibility to the assets involved.      Guest Bio-  Brian Price and Jennifer Gligoric are the founders and CEO/COO of Leafy Legal Services and hosts on Leafy Podcast. This dynamic duo has been helping entrepreneurs and real estate investors get started for the last 20+ years individually, and together for the past 8 years. Both Brian and Jennifer have harrowing backstories.    Brian 'lost his shirt' in the 2008 recession, losing everything and filing bankruptcy before climbing back out and into success. Jennifer found herself homeless as a teenager and managed to put herself through college and become a successful business owner despite the odds against her. They both attribute their success to a mindset of abundance and paying it forward is the means to happiness.   For more information on Brian and Jennifer and Leafy Legal Services, head to: https://www.instagram.com/leafylegal/   http://leafylegalservices.com/ 
It is all too common for real estate investors to get initially excited about a deal, only to get deflated when that deal gets rejected by a hard money lender. What are some of the most notable reasons hard money lenders say no? What are the most important skills real estate investors need to have to increase their chances of getting approved? In this episode, investor and hard money lender Ryan Wright joins us to discuss how to win with the right lenders.    Three Things We Learned Educate yourself on what gets a deal approvedThe 3 parts of a real estate deal that can lead to hard money lenders saying no is not being clear on the pricing of the property, the cost and scope of repairs, and the involvement of a contractor.    Don’t delegate the pricingRealtors are in the retail business so they see deals differently, and they don’t always have the best pricing information and knowledge. Knowing how to do comps comes from experience and research. It’s important to learn how to price properties ourselves so we can approach deals authoritatively.   Find motivated sellers with a problem you can solveSome people don’t want to deal with the stress of owning a home, and those people are often willing to sell at a discount. We can find good prospects at city violations court, where the stress of being fined may be enough for them to want to sell.    Guest Bio-  Ryan Wright is an Entrepreneur, Real Estate Investor & Hard Money Lender. He has been a prolific fix & flip entrepreneur since 2002 and has mentored thousands of new real estate investors during that time. He first started in real estate as an agent, along with his wife, almost 20 years ago. The success came quickly. The Salt Lake Board of Realtors named him “Real Estate Rookie of the Year” and his company won “Best of State” as well.    Despite these successes, he never truly experienced the time & money-freedom he thought would come with that career. So he knew that he needed to expand his reach and that led to the formation of his hard money lending company and ultimately to the launch of the Income Hacker Podcast.    For more information, visit https://www.dohardmoney.com/ and listen to the podcast here https://www.incomehacker.com/. 
The path to success is filled with highs, lows, lessons and shifts - and our guest today has experienced all of these and more on his entrepreneurial journey. Is it possible to manage multiple businesses and achieve success in all of them? How do we recover after going through a hard time or facing a tragedy? On this episode, award-winning speaker, author and founder of the Thrive conference, Cole Hatter, shares his story and how he got to where he is today.    Three Things We Learned How to run multiple business operations without spreading yourself too thin Don’t try to build multiple businesses all at once, build one, get it profitable and stabilized, document everything so that someone else can step in and do the job, and then slowly lessen your influence.    Help people for the right reasons Having a genuine intention of helping others without self interest, is a great path to emotional healing. It’s something Cole did after going through a difficult time, maintaining his goal to always strive to help people first.   Accept that rejection is part of the job One of the biggest hurdles that hinder an investors ability to get money for deals is the fear of approaching people and getting rejected. The truth is, in order to find lenders and partners, we will need to have a lot of uncomfortable conversations.    Guest Bio-  Cole Hatter is a serial entrepreneur, award-winning speaker, author, and the founder of Thrive, a top-rated conference for entrepreneurs.  The Thrive conference is going to be from May 1st to the 3rd.   To book your ticket to Thrive and get a discount go to https://attendthrive.com/ and use the code REMS.    
One of the most overlooked areas of real estate investing is in dealing and flipping land. What makes land flipping easier than other investment opportunities? Is it easy to convert land deals into consistent cash flow? How do we increase our active income and in turn, our passive income? In this episode, we’re joined by Jack Bosch "The Land Guy" an experienced investor, author and entrepreneur as he shares how he got into land flipping, and why it’s worth serious consideration in 2020.   Three Things We Learned Land deals are great for new investors When you deal with land, you don’t have to go meet with anyone, or deal with inspections. The job can be done virtually, making it great business for someone without a lot of real estate experience.  Tax delinquent land deals are a great place to startMany land investors start with tax delinquent properties because people who aren’t paying their taxes either need cash or are looking to off-load the land, making them prime clients to buy from.  The different types of land flipping propertiesThe most common type of land deals are infill lots - empty lots within cities which are great for construction projects. The second type is investors who are looking to expand past the suburbs and into new building sectors. This attracts financial buyers, people who want more space, retirees and recreational buyers.    Guest Bio-  Jack Bosch (a.k.a "The Land Guy") is an experienced business owner, author, entrepreneur, real estate investor, respected industry leader, speaker, educator, and perhaps most importantly a parent and husband. He's the author of the bestselling financial literacy book "Forever Cash" and the creator of the Land Profit Generator real estate without hassles system. To Learn How To Flip Real Estate For Pennies On The Dollar Without Houses visit http://landprofitfun.com/ and join the Facebook group https://www.facebook.com/groups/LandProfitGenerator/.  Buy Jack’s book Forever Cash: Break the Earn-Spend Cycle, Take Charge of your Life, Build Everlasting Wealth here. 
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Creator Details

Location
Buffalo, New York, United States of America
Episode Count
59
Podcast Count
1
Total Airtime
1 day, 12 hours