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So the big question is this, what would you do if money didn’t matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids, take family vacations. Would you pursue your gifts and talents in dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn’t matter, it was pursue your gifts and talents and drains to serve others, and that is probably what you should be doing.

The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem. And the solution is to develop enough passive income to replace your working income. So you can quit your job and be free to live your life the way you were created to. That is the solution. And this podcast will show you how.

Hey, what’s up everybody? This is Ryan with Cash Flow Dad Life. And we have a very special guest today. A gentleman by the name of Billy Keels. And, uh, we were actually introduced by Larry Hagner from the dad edge podcast and, uh, I got to know him a little bit and learned a little bit about his story and I thought that he would be an amazing guest for you guys just to kind of learn about kind of what he’s done in his life, where he’s come from and where he is now and uh, and share with us a couple of golden nuggets of wisdom along the way. Now he was originally, and I don’t want to give away, uh, the, the entire story, but he’s originally from Columbus, Ohio, right? Yeah, that’s it. That’s it.

And now he is living in Barcelona, Spain.

And uh, you know, in my opinion, he’s living the dream because every time I try to connect with them on a facebook messenger, he’s like, yeah, I’m at this beach in Spain and I’m doing this vacation or that vacation. So I’m really, really living a life of financial freedom that most of us desire to have. And um, and, and we’re going to talk about that a little bit in this episode, but uh, but to start off with billy, can you share with us a little bit about your story?

Sure. Ryan, thanks for uh, thanks for that. And yes, we do get some time to hang out on the beach, which is kind of Nice. Uh, I wish I could say it was 100 percent of the time, but still not there yet. And that’s where you got that Nice Tan from right? There you go. Yeah. Base and then went from there.

Yeah. So, I mean, you said it. I mean I’m a guy from, from Columbus, Ohio, so from the Midwest and I am the product of two parents who worked really, really hard. They didn’t ever. Well they didn’t finish college and my mom had a chance to go to college. My dad never went and they had lots of kids in the family and stuff like that. So fortunately I was the first and since then there’ve been a number of the have gone to college, but we also moved around a lot.

I was born in Columbus, Ohio. We moved out to Colorado for a while, lived down in Texas. We came full circle parents, ended up divorcing, and then I went to school in the southwest of Ohio at a place called Miami University. I went there, we had a great time and afterwards I had a chance to work for a company based out of St Louis, Missouri. And this company gave me the most unbelievable experience I would, uh, could have ever dreamt of. Right.

Uh, I was working with fortune 500 c levels and their teams or top executive management or top winners, things like that. And then five years Ryan, I had a chance to work and traveled throughout some 58 different countries. So it was like my whole world was rocked and uh, I didn’t see myself going back to a normal nine to five job. And so I decided I was going to take a one year sabbatical and that was the end of 2001 a September 24th, 25th was the day.

Actually I left the U, s and I went to Paris, France, I’d got gotten. I was accepted at the bone and I went there for three reasons. I had three goals. The first I wanted to learn the French language and more about the culture. I wanted to learn how learn more about wine and I wanted to learn how to salsa dance.

Don’t ask me why I came up with number three. I have no idea, but I just,

I needed something to be able to do at the time. So one thing led to the next. I was there after a year. I really enjoyed it. I was speaking French a lot, a knew more about the culture, had a lot of wine and my salsa was actually getting pretty good at that point in time. So, um, because of some of the relationships I had, I was fortunate enough to then start working in the south of France.

I was working for an it company. They’re a was great. I was selling on the phone and French and Spanish and, and just like a, you know, you have worried and wanting to move up the corporate ladder and at the time and I had a chance to move to Italy.

It was amazing opportunity as well as they are leading a sales team. And then I went back a long the way I met a nice, beautiful little Spanish woman who stole my heart and uh, because we’ve gone back and forth from the, from France to Spain, um, well I wanted to move to Spain and be with her. So I moved to Barcelona, Spain and that was in 2005. And today it’s, I guess 2018.

So, uh, I always tell people, be careful of those one year sabbatical because they can completely change your life. Since I started mine, I moved to three different countries, uh, married two wonderful kids and uh, and here we are. So

that’s awesome. That is, that is incredible. Yeah, you gotta be careful of those one year day offs, you know, some might get to good and then you ended up having kids. There you go. So tell us a little bit about how you transitioned into, um, and how you got started with real estate investing. What was going on in your mind that motivated you? Take that route?

Um, you know, normally when you see things and I’d love to be able to tell you that this was a great story and I saw this and I want them to go for it, but it started kind of with two things, the same thing that happened to me twice. And because, um, you know, like a lot of us, right, one is told to go out and get the good job and then put your money into your 401k or putting in a CD or put it in a mutual fund.

And so I did that. That’s what I was doing. And the first time I realized that, well maybe that was an error was a little bit after 2000, um, because my portfolio took a hit, right? And I was Kinda like, Eh, don’t worry, just hang on, it’ll come back. And so that’s what I did.

I kept working hard. I kept trying to climb the ladder and that’s what I wanted to go for a. and then in 2008, my portfolio roughly in the timeframe, it lost about 33 percent of its value. And a lot of people were in that position too. Yeah, I mean there’s so many of us, right, that this happened to him. And the thing is that my parents always said, you know, if it happens once, shame on them if it happens twice, shame on you. And so that had happened to me twice in less than 10 years.

And so I thought, well, if I have to wait every single time just for it to recoup, then what else can I do? And so I remember seeing this little portrait book, Rich Dad, poor dad that probably many of you have also seen or read a couple of times.

 And I started reading it when I was back state side, but I never finished it. Ryan. I never finished it. And then I don’t remember what happened. I went back home again, I think it was probably 2010 or something like that. And I picked it up and I was reading it and I was like, oh this is actually pretty cool. And then I just started. I enjoyed it. I got the cashflow quadrant, I bought up the rich dad series. And then I started going to even the things that weren’t rich dad series, just everything that was real estate related and um, I start realizing that I was getting all this theory but I needed to actually move to action. And so I, the idea was living in Barcelona, um, and everything that I read I was looking for, um, a, an apartment building to, to buy here.

And because of the market dynamics it was really expensive. Like the theory was the right theory. But when applied to Europe it was difficult. So then I decided that wasn’t going to be the right thing for me. And then I looked to buy parking spaces because like most of us, if plan a doesn’t work, you’ve got plenty. And I remember doing the math on it and it was gonna take me like 45 years to get the return of my capital, much less any return on the capital. And I thought, ah, you know, what doesn’t work either in one. Somebody was talking to me and said, Bill Year from the US, why don’t you look at buying the US?

I thought, you know, this could be a, this could work, and then immediately I said, no, but that’s thousands of miles away and so I didn’t do it. Um, but then something was in the back of my head and then I started just one thing led to the next.

Eventually, uh, I did a look to the US market because it was a market that I knew that I understood and it was one that I could justify to myself even though they were not this over 6,000 miles away from the east coast. So that’s Kinda how I got started. And, and yeah, I’m enjoying it a lot. I mean, you started from a distance. Yes, yes. I started very long distance. I’m definitely a long distance investor. Right. So where was, where was the first location of your, uh, your apartment complex?

Is that the very first was in New Jersey was in New Jersey, so I went to New Jersey and I’m a, what we can, I’m sure we’ll be able to talk about it later. But, uh, I went to New Jersey. That was the first place that, uh, that I’ve purchased. So, so walk me through your thought process at this point you, you couldn’t find the Roi that would work in Barcelona, Spain and you’re like basically the doors wide open for anywhere in us.

So how did you arrive at the decision that led you to New Jersey? Of all places? So, um, and this isn’t something that necessarily advice to everyone except to give you, you have a way you have a criteria for starting [inaudible] and mine at the time, now that I look back on it, it was, it was more fear based than anything else because my thought was if I’m gonna put my money because it was 100 percent my money and the banks, right? Um, my money there and if something goes wrong I need somebody to be able to bail me out.

And so I had family in the area and so I purchased where family could go clean up the mess. Like I think about it now and it Kinda makes me scared that that was my decision criteria. That was the criteria. But I guess it also too, it just shows, you know, just like anyone else, you’ve got to start somewhere and I guess the same kind of thing.

Right? I’m thinking right now, I never thought about this before, but when I went to Europe, I had three goals, right? It was to learn French, uh, learn a wine and learn more about salsa dancing. But it’s changed into a lot of other things since then. Those were the original goals. But I’ve learned a lot since I’ve been here and it’s very similar to what I’ve learned in real estate.

And so I would say that was the way that I did it. I would not recommend that that be the decision criteria when you want to build and scale a business. But what would you say this though, it sounds like a part of that formula, was that because it was your initial investment, you wanted an extra element in there that, that would reduce the risk? Exactly. So not necessarily numbers driven, but if there’s something that you can do to get over that fear of that initial leap might be holding somebody’s hand while you’re jumping off the cliff into the, into the water.

You know, Ryan, that’s it. That is exactly it…

So I said to to build it out, maybe not, but you just need to have a a reason. You mean your point is perfect. It wasn’t a numbers based reason. It was more of a psychological element to help me get past that barrier that I was that I was having and I’m in. I’m so glad that I did that because it’s been a great ride since then.

Yeah, and that could be, that could be family members, that could be having a mentor that could be having somebody to analyze deals for you. Whatever that initial comfort is because getting through that first deal, that was probably the hardest one. Would you say? Without a doubt? Without a doubt.

It was the hardest one. Ryan is because I was still dealing with all of the nerves and all of the lack of understanding and not having been through it. I’m a lot of times, I like to relate things to languages as well. Um, and when you don’t know the language structure or you don’t have the vocabulary, everything feels and really weird. So anyway, anytime you’ve tried to learn a second language, you know, it feels kind of clumsy.

We don’t remember speaking English because when we were doing that we were like, between ages newborn through six or seven years old, and then afterwards we kind of just woke up one day and we’re flowing and we were fluent. At least that’s what our minds thing, right? As you try and learn as you’re older, you realize you’ve got to stumble a little bit, but once you stumble a couple of times you’ll feel more comfortable. Um, later on.

Yeah. No, that’s a great analogy. And I don’t know much Spanish, but when my wife went to Honduras on a mission trip, I taught her the phrase no, my token and that’s all she needed to say. I love it. So even if you know, you know, I don’t know, my knowledge is not going anywhere, but I love it.

So what, what happened next after you bought that first one? Was it what you were expecting and what confidence did you take from that that you were then able to put into your next deal?

So, um, if I, if I think what that first deal did for me, I guess I was really afraid. Like I, I definitely was afraid. However, I’ve always been a, you know, whenever we have a goal, you set a goal, you write it down, then it makes it easier for you to be able to go towards that. Um, it was a challenge, but what it did is it made me realize that yes, this was possible. It is possible, it was a baby step, but at least in my mind, I knew, guess what?

You can do it. Even the people that told me that it was going to be impossible, then you couldn’t do this because you’re overseas and how are you going to do that? You haven’t even seen the properties. And, but once you do it, then you do it. And so I realized that, hey, that’s one less excuse to be able to go forward.

So by being able to take the fear off of the table, that was something that was great. Um, and then I guess kind of I’ve learned a lot since then and kind of how to do things better and I’ve done that out of ’em I’m making mistakes and also learning from people have already been in the place that I want to go. So hiring mentors to be a part of my journey.

Also learning from people that have done before, like I talked to you about the, the Kiyosaki books. I consider him to also be a type of mentor because I’m learning from his previous experience because he’s written it down for me a before and a number of the, uh, the, the other books. So I would say it’s a combination a, of learning on the go and in figuring out what can be improved and learning from people who’ve already done what I want to be able to do and continue doing.

Right? So that theory, you just got off the page of the paper and now it went into your bank account. That gives you energy that you then go and you start proceeding with some other deals. Um, what were you able to like I’m big on formulas, you know, what, what was the formula that you used on that first deal that you were then able to take and replicate to some of the other deals?

Like obviously being away, you probably had a property management component…

Um, how did you go about that whole, you know, creating the system for this new investing structure that you were doing?

Yeah, so I’ll tell you, I’m break it down like, because in the beginning, um, I didn’t even have the property management company. Right. Oh Wow. So you were across seas, property management company, right? No, no, no. Property Management Company.

I had a guy, so I, there was a lot of things that I didn’t know. Right. I didn’t know a lot. It’s my biggest weakness was I didn’t know enough about the financing aspect and I knew that that wouldn’t be something that would have to do because in my corporate job I’ve been in sales so I understand complex sales and making sure getting the message out and being able to help get things towards closure. But I did. I had no. I didn’t understand the difference between, and it sounds funny to say now, but a fixed rate mortgage and a variable rate mortgage because I’d never done that.

I’d never purchased a pro. I’ve never purchased a property when I was living back in the states and so I’m realizing that that was the area that I needed to get the biggest amount of help. Like I reached out to relationships who could help me understand the banking element and so I was put in touch with a banker who helped me to learn about the different options that existed all the way through and through.

He locks and things like this and it just so happened that that person at the banker that she knew, a guy who was a general contractor and the general contractor knew the area really well and he helped me also to understand beyond things that I was seeing on the mls and things like that. What else? Or trulia or Zillow at the time? Um, I was going to trip down memory lane, um, to, to really help.

And it happened from that relationship. Ryan. He happened to know someone who was a real estate agent and knew the area and so he introduced me to the agent and then from there we were able to get the first purchase. And so it took a number of months. I had a deal under contract that actually ended up falling through because at least I had the, um, the wherewithal to go through a home inspection and things like that.

So. And we found some things that didn’t like and so had to back out of that contract, which is also another thing you realized afterwards that you, once you sign the deal, you make sure that it’s the right deal before you move forward. But the reason I’m telling you all of this, it helps kind of go back to the question of the property management company. And basically I had a general contractor who was the guy that helped introduce me to the agent. He was the person who was actually quote unquote managing the property. So I was here on the phone and that was the, that was the way that it was that was happening. And so we learned pretty quickly that that was probably not the best system, but at least it was enough to get me started.

[18:29] Yeah. So I, I actually find that really interesting how you got started because that’s, that’s a lot like me. And that’s like most entrepreneurs that are um, you know, a lot of people are, have a lot of success with real estate and, and entrepreneurship in general. There’s so many people are ready, fire, aim.

No, but, but what you did was ready, aim, fire basically went out there like, you know, Robert Kiyosaki, he’s like, you know, you gotta get your team together, you know, this is the accountant you need your property manager and the general contractor, you need your age and you need the interior decorator, but you basically went out there and did it and then you’re like, all right, I need to find a banker. And the is like, here’s your general contractor, and then you’re like, oh, there’s property managers.

So you actually learned it by doing it and you grew your team along the way. And that’s a great lesson I think for, for my audiences that don’t wait to. You have all your ducks in a row. There’s things you could do, like you did to minimize your risk to start off with, but you don’t have to have everything completely perfect before you start. If you do that, you’ll fall into this state of analysis paralysis and you get your first deal…

Correct. Yeah. Yeah. That’s, that’s absolutely this one thing. So I didn’t know the banker and the people before, but I didn’t have the structure in place, right? It was like we were kind of building and going along the way, but once the, once I knew that this was what I wanted to do, then it was, this is what we’re going to do. Like I, I wrote it down again. And so once I wrote it down it was go towards that.

And I’ve made mistakes. Right? And so as a result of taking action, I realized we have to change and there’ve been many, there have been times, Ryan, and I’m telling you things that you already know that I’ve wanted to say, wow, this is really, really difficult. Is it really worth it? And I go back to all the reasons why I want to do this. And yeah, it’s definitely worth it.

Definitely. So, so tell us a little more or about that, that internal drive, because I think that’s what a lot of people need to tap into in order to pursue doing something like investing in real estate apartment complex or saying whatever it is.

You know, a lot of times it’s not that scary once you get out there and do it, it’s actually kind of easy, but a lot of times it takes a pretty strong internal drive in order to make that decision. What would you say was your main motivation to go after that?

So, you said it already earlier. One of the things that I realized is that I was using a lot of the same skills that I’ve learned as a sales leader in the corporate world and working in sales marketing arenas and I was, I’m using those gangs skills to build a team.

Right. And when I realized that not only were I was able to build a team, but it was a team that was able to produce, produce profitable results and I thought, wow, hang on a second. If I do more of this then the result can actually be more, more profit. But it wasn’t the fact that it was the money.

Right. Because I guess I’m really fortunate as a, as a multiple six figure salary person in the corporate world.

One of the things that, and I don’t have quote unquote is time I have more than enough capital or money to do the things that I want and but what real estate has now helped to show me in all the skills that I’ve had and being able to help other people as well is that I can actually create the lifestyle that are truly want, which is being able to live between Spain and the United States.

Being able to share that with my wife and kids and now even with friends on both sides of the pond and be able to do it when I want to be able to do it right. And so this is the thing that is the massive driver for me right now and then there’s a lot of extra, you know, a lot of extras by being able to spend more time with the kids, et Cetera, et cetera. But being able to realize that you can use a lot of the same skill sets to get towards a goal.

And it’s the driving force behind a lot of what I’m doing now. Yeah. Having that time freedom is, is a huge driving force because you wake up one day and your kids are grown, you know, your wife is young and pretty now and you wake up one day and she’s old and still pretty. But that is absolutely true.

Without a shadow of a doubt. That is true. Um, but, uh, can you walk us through some of your secret sauce because you, you went from owning that first one in New Jersey and now you’ve, you’ve even expanded your operation and mobile homes, which we haven’t touched on yet, but you, you have a mobile home park now and you’ve got a bunch of apartment complexes around as well too, right? All across the US or.

Well, primarily in New Jersey and North Carolina in North Carolina right now. And we are looking into the Ohio market because it was after now having gone through having a real process in place. One of the other markets for someone like me who is a cashflow guy, just like you, um, you know, I love a Ohio specifically love Columbus, Ohio.

I’m not just because I was born there, but I mean a lot of the other different factors that are, that are in place. So, um, I guess those are the, I mean those are, those are really the markets that I’m, that I’m in and those are the markets that I’d like to go deeper on and maybe in the future we’ll go into other markets, but for the moment kind of want to stay in those, uh, in those three MSA.

So Philadelphia, Charlotte and uh, in Columbus.

So can you share with us a little bit about your model that’s allowed you to expand like that? Are you bringing all the capital of the table yourself? Were you getting lenders, you’ve got a property management structure in place, are you buying stuff to renovate it?

And then like how are you, what’s your model look like? Perfect…

So, um, so the way that I started was I used all of my capital as well as the bank’s capital and that’s how I went out and got the first properties because I thought, well, this is, I mean, I don’t need anybody else.

I don’t want anybody else and then I had a number of friends that kept talking to me here in Spain specifically because there are a lot of things that are happening at the macro level, crazy things that are going on with, uh, with, with banks and, and friends that have a capital and savings accounts and things like that.

And I remember three different friends and it was maybe over a span of about four, four or five months that they asked me while I was building the business. Hey Billy would, how about me investing with you? And I thought, absolutely not. Like this is not. No, because once again it was, I was afraid and I was like, well no, I don’t want to mix because I would always been taught don’t mix friends and money.

Like you just don’t do that. And so I’ve been really disciplined about doing that in the second front, asking those same response and the third for NASC. And it was the same response and kind of in the back of my head, I thought, well, hang on a second and three people are asking me this and that people that I know, like, and trust, they must see something that I don’t see.

And so then I sat down with them and I understood a bit more about it, but because I’m living in Europe and investing back in the states, one of the things that was important for me was to make sure that I understood from the tax perspective and the legal perspective, what would that mean? And so I’ve spent, um, multiple five figures in a, in attorneys and tax people on the phone between Spain and the United States and getting the right structures and all that kind of stuff done.

So in the beginning to come back to enter your question, in the beginning it started out as just me, um, but because I was listening to my friends here in Europe specifically, I realized, wow, hang on a second, there’s an opportunity. And so by being able to react to that, understand really why they would want to do that.

[And then I’m paying a lot of money to have really smart people build a structure now I have recently started taking on very few but capital from, from other people and to date it’s people that are here in Europe, in the United States as well as Latin America.

That’s awesome. So, so yeah, so that part has, has evolved, uh, and then also from just kind of me being on the phone with people back state side and it is now and to a point where we, we have property management companies back in the United States that manage properties in the markets where we, uh, where we are and also, um, have multiple layers on top of that of brokers and broker relationships. And so I spend a lot of time in the evenings specifically at using zoom or skype to be able to initially build relationships, spend a lot of time on the phone.

Um, you know. Right. And I know you know this stuff, but it just like anyone else, like if you want to build a relationship, you’re going to have to invest time. And that’s what I, I do, I’m going into any new market or working with new people. I always want to work on the relationship first, the purchases and all that stuff that can come later. But if we don’t genuinely know, like, and trust one another, the chances of us really being able to do longterm and business together is pretty minimal. So I, I’m, I’m pretty, I’m tough on in terms of I don’t want to start talking about what’s the next deal. Like I want to understand more about you, what you’re doing. Tell me a little bit just to see if, if there’s a vibe. Because if there’s no vibe, like how are we going to do business together? Really?

Yeah. Yeah. And in fact, that’s what I recommend people say, how do you raise private capital? You get, you know, like a one sheeter and you get your performance in order and present all these numbers. I said, no, you sit down and have a beer. Yeah. If you’re lucky, two beers and then you can, you know, come out with some numbers. You know, that’s how, that’s how business works. You’re absolutely right on that you have to invest time in relationships.

Now, when you structure these deals with the, the, um, private capital, um, what are you, what are you angling towards? Do you develop joint ventures or do you just structure them as a lender with a lien position on the property?

[The way that. Well, it will depend on who the, who the what the opportunity is. So what is the specific project and what is the, what is the potential a lender slash partner looking for? Right. What I always want to do is match what they’re looking for with what the opportunity that I can bring forward.

So and depending on where they are and so people that are based outside of the United States to date, it’s a bit easier if they are just purely lenders because it’s, you know, it’s simple a and lenders meaning they have their capital that they put towards the project and I give them a return on that capital and then return that capital at the end of a specific period.

And the joint venture side of things. Um, it’s, it’s much less complicated. I can sleep better at night for right now, um, for those people that are in the United States, but it would depend on what is the opportunity, what is the person looking for, and if it would work that we could do either or then we would then we will go that route. Um, you, I’m sure you’re aware, but depending on what it is, there’s a lot more costs that are associated with one model versus the and it really depends on what, what is the, what is the potential lender or partner looking for?

Yeah. And, and if you have them as basically a lender where you just give them an Roi, do you give them first lien position on the property

provided that they can be in a first lien position if there’s not already the first lane from the, from a, of an institutional lender, yes. If that’s something that they would like to do then yes,

Definitely. Okay. And do you ever do any deals where there’s a couple of different lenders and is there an issue of who gets the first lean on? If you say you got to deal with four or five different people.

Yeah, I mean that’s one of the things you, it’s always much more difficult to manage, um, in a lot of times. Yeah. I mean that happens. I mean that happens. So depending on the number of people that are involved in a deal, then they’re just more just, it becomes more complicated. I tend to like to work with less individuals on much higher and higher valued opportunities.

So there’s a little bit less of that, but anytime you have more than more than one person, you got to figure out who’s going to be in second position or third position or first or second position. But. So the advice would probably be to keep it simple if you can’t, don’t get 100 different people involved. And yeah, I mean I guess the.

Yes. And the short answer is yes. I mean the less complicated that you can make it, the better it is for everyone because usually it means it’s really clear.

Like if you can sit down and you can, you know, I listened to guys to say, can you write it on a piece of paper on a Napkin and stuff like that. If you can keep it that simple, great. But even if you write on a piece of paper and you ended up having 15 names on the same piece of paper, that can be a little bit complicated. Right? I actually do keep a piece of paper with me all the we got to. You have to. I keep some napkins in my pocket just in case.

That’s awesome. That’s awesome. So what’s, uh, what’s, I mean you shared like an incredible wealth of information and not just from the heart and internal driving factors, but also some really awesome practical structural advice for multifamily type in raising private capital and stuff like that. What is, uh, what’s next for you as far as your, your, your future goals with your passive income investments and uh, everything else?

Yeah, sure. So the next frontier as it is to get to that dream and the dream is to live between Europe and theU , s and to be able to do that on my time like that is the, that’s the next step. In order to get to that next step, we’ll continue to work, continue to have opportunities like this.

And Ryan, I really appreciate it. To share kind of what we’re doing. I’m at, keep on, continue networking, meeting more people, um, and wanting to affect more lives, meaning, uh, help new investors to come onboard and help them get closer to their goals, be able to house additional families to help them have a place to, uh, to, to, to sleep at night and a place to get ready to go to work crap for the next day.

And at the same time it will also help to, like I said, propelled me to get to a dream for me and my family, which is living between these, uh, these two worlds. Man.

That’s awesome. That’s awesome. So guys, for everybody listening, billy is actually written a book. You can buy it on Amazon for $4, but he’d rather just give it to you for free so you can go to his site. Uh, I will have a link on my site as well for his stuff. It’s, um, cashflow dad And Billy, would you like to share any of the information that they could?

They could, uh, they can contact you with. Yeah, sure, sure, sure. Um, in A. Ryan, if you don’t mind, if I could just leave one last thing because it was, we played, we talked about process a little bit and it’s one of the things that I see. I’m sure you see a lot as well.

Um, when we get started in something we, we tend to look for what is the, um, the, the least expensive, maybe quote unquote cheapest thing to do from a real estate perspective.

Right. Um, and then afterwards, just like I did, I bought that first property and then afterwards I realized that I didn’t really have the right team in place. And then I realized to your first question like, where should I be purchasing this? And I didn’t really give much thought to that in the beginning, but I did go there. And then ultimately, one thing that I did know is that I.

I wanted to be cashflow based, right? And so rather than doing it that way, the one thing that I would say is, is for everyone, right? To have to do the process the opposite way, right?

MoneyAnd is one of the things that I like to talk about is the is the pltl kind of a process or system that I’ve put in place which is really understand you as the person. Then understand which location is going to fit with what it is that you want to do after you find that location, spend the time on then building the team, so investing in the relationships and getting the team, making sure that they’re aligned with your goals and your location, and then a look at the right opportunity.

Because whether it’s a duplex or a 50 unit apartment building or a 200 unit apartment building, if the first three steps are in place, it’s going to be really much, much easier for you then to, to, to draw in one opportunity or the next.

So, um, I know that we kind of talked about it in different places, but just to help people because I wish someone would have helped me with that in the beginning of. Well, yeah, that’s a great foundation. That’s awesome. Thanks man. Thanks. And as, as it late. So I like to give people kind of three flares. If it’s alright with you, Ryan, uh, if anybody wants to just to speak to me about a long distance investing, uh, happy to speak with you. Just a, you can reach out to me at:

Um, if you want to download that book that, that Ryan talking about, you can go to grow your money the smart And if you’d just like to take a look and see kind of what we’re doing and in a lot of different things that Ryan talked about before you can go to keep on And uh, and that’s really it. Ryan, I really appreciate the opportunity to, to, to dispute with you and to share with, uh, with your audience. So I hope you found it valuable.

Awesome. Billy. And uh, and keep up with that salsa dancing. I think you only got two kids. You got, you got three more to catch back up to me. And I don’t even know how to salsa dance. Don’t tease me. Yeah, I got, you know, I’ve got to put a TV in my bedroom as it is a lot. It was a pleasure. All right, thanks so much. Bye.

Boom. Thanks for listening. Please remember to rate and subscribe. You’re going to want to listen to every episode as soon as it comes out. Episode has an idea or a strategy that can literally change your life. Listen, don’t miss out on the free investor pools that I have on my So go to cashflow dad, get your free swag and, and hit me up if you want to talk about how we can get you out of the rat race as soon as possible. Until next time, my name is Ryan Enk and this was Cash Flow Dad Life.


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