Today, my guest is Zachary Beach. Zachary is the an Amazon Best Selling Author of The New Rules of the Real Estate Investing. And co host of the Smart Real Estate Coach Podcast is a partner, COO and coach at Smart Real Estate Coach. In September 2020, they released a revised edition of Real Estate On Your Terms, which Zach co authored. And just a minute, we're going to speak with Zach, about real estate on your terms, how to create continuous cash flow now without using your cash or credit. But first, a quick reminder, if you like our show, CRE PN Radio, there are a couple of things you can do to help us out. You can like, share and subscribe. And as always, we encourage you to leave common we'd love to hear from our listeners. Also, if you want to see how handsome Our guests are, be sure to check out our YouTube channel. You can find us on YouTube and commercial real estate pro network. And while you're there, please subscribe. With that, I want to welcome back my guest, Zack Beach. Welcome back to CRE PN Radio.

J Darrin Gross

I'd like to ask you, Zachary Beach. What is the biggest risk?

Zachary Beach  

Yeah, it's a fantastic question. Because it's something that we talk about quite often. And it's something that we talked about a lot with our, our students, and that's because we help a lot of students leave their corporate jobs, and become real estate investors or become business owners, because it's our big belief that the W two is the biggest threat. Who is the biggest risk because you have zero control over the outcome of whether or not you have a job or not, there's too many other parties involved. There's too many other people that that can control your destiny. It's not until you put the risk or you go outside your comfort zone and start building the life that you choose through either real estate investing or business. That way you can start taking control of your life. No, all the predictions are right now that we're about to go into a downturn. I mean, nobody can really predict me in the billionaires can predict, but the feeling is that we're shifting. And when there's a shift, there tends to be layoffs, there tends to be businesses out there cutting back on their labor, and they start really consolidating. So you just never know, if you're the one that's going to get cut back on as as being you know, instead of w two. So that is why there's a large group of people that are consistently and we're starting to see it are consistently applying to be you know, in our programs that have corporate jobs, and they're looking to first and foremost, offset expenses by building a real estate portfolio. And then secondly, once they go ahead and build that portfolio, create a transition plan to now be in control of their business, and be in control of their lives. And you the amazing thing is once you see people transition and escape that that job, the new life that's built into them in the acceleration process of their life, personal development, their wealth, how it dramatically starts increasing, once they have full control of it and can consistently day in and day out work on building that better life. So the W two in my eyes is always the biggest risk when it comes to you know, say real estate investment when it comes to you personally inside you live.

Today, my guest is Jason Stubblefield. Jason has been investing in real estate for over 10 years. He started with single family homes and have since moved into the multifamily real estate space, he scaled his portfolio to over 100 multifamily units. In just a few years. Jason grew up in a lower class family and was always mindful of the tenants he served. That concern led him to the transition company into the affordable housing space. His company is now devoted to helping solve the affordable housing crisis while maintaining strong returns for his company and his investors. Prior to becoming a full time multifamily entrepreneur, Jason spent over 11 years in the software development, and has a Bachelor of Science degree in computer science from the University of Memphis. He is also a United States Marine Corps veteran.

J Darrin Gross:

I'd like to ask you, Joe Moffett, what is the biggest risk?

Joseph Moffett  

Well, I'm going to answer it from the perspective of a mindset. And because I think it applies in insurance, real estate, the economy, politics, whatever it might be. And the biggest risk I see as individuals not being flexible. And what I mean by that is having the flexibility to see things in different ways than they would traditionally look at it from, it takes courage to look at both sides, or all sides of a story, a situation and investment, a product to really have your due diligence on what's the best way to go. So people that I find that say, it's one way, it's this way, let's go it's my way, or the highway type people like they are in so much danger, they are at such higher risk of failure, and even under the illusion that they're going to be successful because of it. And they may be but at what expense, but they are at a higher risk. And someone who is more flexible, they're open to seeing both sides, or all sides are open this, you know, change direction or going down a path. I know. For me, I remember I had a term policy, and I realized, you know what whole life was a great insurance policy, that product for me, and then I actually unknowingly because I didn't know all the details, I actually went through my whole life policy, when I didn't know that the product was designed to be able to take out a loan against my principal that was compounding annual. So anyway, you live and you learn. But I wasn't I wasn't flexible enough to see all sides and understand it. So I would say the biggest word I can say is are you flexible? And if you're not, how can you be even more flexible? Because in today's times, you know, the strategy in real estate last year in the last two years, that strategy isn't working now. And if you think it's good enough, you're not flexible and adapting with the market, you're not going to have the success you're looking for. In fact, you could actually harm yourself and or cause yourself to go in the opposite direction. So flexibility is my answer.

Today, my guest is Joseph Moffett. Joe is a he received his master's in performance psychology. He is an entrepreneur, a real estate investor, a co best selling author. And he's worked with Tony Robbins for almost a decade. He is also the CEO of master life by design. And he's done over 22,000 Peak Performance calls. And today we're going to speak with Joe about business mindset coaching in life and real estate.

J Darrin Gross:

I'd like to ask you, Joe Moffett, what is the biggest risk?

Joseph Moffett 

Well, I'm going to answer it from the perspective of a mindset. And because I think it applies in insurance, real estate, the economy, politics, whatever it might be. And the biggest risk I see as individuals not being flexible. And what I mean by that is having the flexibility to see things in different ways than they would traditionally look at it from, it takes courage to look at both sides, or all sides of a story, a situation and investment, a product to really have your due diligence on what's the best way to go. So people that I find that say, it's one way, it's this way, let's go it's my way, or the highway type people like they are in so much danger, they are at such higher risk of failure, and even under the illusion that they're going to be successful because of it. And they may be but at what expense, but they are at a higher risk. And someone who is more flexible, they're open to seeing both sides, or all sides are open this, you know, change direction or going down a path. I know. For me, I remember I had a term policy, and I realized, you know what whole life was a great insurance policy, that product for me, and then I actually unknowingly because I didn't know all the details, I actually went through my whole life policy, when I didn't know that the product was designed to be able to take out a loan against my principal that was compounding annual. So anyway, you live and you learn. But I wasn't I wasn't flexible enough to see all sides and understand it. So I would say the biggest word I can say is are you flexible? And if you're not, how can you be even more flexible? Because in today's times, you know, the strategy in real estate last year in the last two years, that strategy isn't working now. And if you think it's good enough, you're not flexible and adapting with the market, you're not going to have the success you're looking for. In fact, you could actually harm yourself and or cause yourself to go in the opposite direction. So flexibility is my answer.

Today, my guest is Trevor Bacon. Trevor is the CEO of Parcl a blockchain based platform that allows users to invest in digital squarefoot physical real estate and neighborhoods around the world. And in just a minute, we're going to talk with Trevor about utilizing digital real estate as a hedge against inflation.

J Darrin Gross:

I'd like to ask you, Trevor Bacon, what is the biggest risk?

Trevor Bacon:

Great question. Yeah, aside from the table stakes, which is just execution that we're focused on every day, I think there's their security is the security and transparency is something that we take very seriously. And we obviously identify that as, as a risk point, both for the actual product, but also for our community and reputation. So we take security on both the data side and the blockchain side. Very, very seriously. We've had multiple, multiple audits, we have audit firms on retainer, to make sure that every line of code is audited before we put it on the blockchain. And expose it. So that is something that we view as a risk, we do our best to manage it. And as you say, mitigate it through checks, protocols, just time spent in development. And then that's something that we'll continue to make more robust as we expand.