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Eric & Deven Wohlwend - From Legos To Millionaire By 16 Years Old



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  • Eric and Lila Wohlwend started out sleeping on a mattress on a warehouse floor. They educated themselves in real estate and taught it to their kids. Deven the oldest son, began real estate investing at the age of 7 with no money from his parents and became a millionaire and accredited investor before he could drive! The Wohlwend family has rehabbed and repositioned over a thousand units, grown multiple businesses, and authored a book - Family Success Triangle. In addition, the children started Millionaires In Training (MIT), a group of kids ranging from 160 members in 8 countries teaching kids and young adults how to become entrepreneurs. They do this and still spend half of their time traveling and speaking all over the world. They are the Real Power Family.

    In this episode hosted by Mike Swenson, we discussed:
  • How Eric ended up selling his first house and flipping it
  • How Deven focused more on talking to people to learn something new which led him to...
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Chris Miles: Getting Your Money Working For You



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  • Chris Miles, the cashflow expert and Anti-Financial advisor is a leading authority on teaching entrepreneurs and professionals how to get their money working for them today. He retired very early in life, lost it due to the housing crash, built up his cashflow again and thus was able to retire twice by the age of 39. Chris runs Money Ripples and is host of The Chris Miles Money Show. His personal clients have increased their cash flow by over $300 Million over the past 13 years! 

    In this episode hosted by Mike Swenson, we discussed:
  • How Chris opened up his eyes to creating passive income through real estate when he couldn't help in his father's retirement as a financial advisor
  • Why there should be more passive real estate investors than active ones
  • Getting lean, getting liquid, and getting your money out to create passive income and have finanial freedom
  • Using his own life insurance policy to diversify their family's savings more
  • Why you...
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Mat Pezon - Chemical Engineer Turned Full-Time Investor



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Mat worked as a chemical engineer for 12 years before recently becoming a full-time real estate investor in 2022. He got a Master's degree in International Management  at IE Business School in Madrid, Spain. While working his regular job, Mat would spend his nights and weekends looking for foreclosures, learning and asking questions about real estate investing, and working on his personal finances. He and his wife have now been purchasing rental properties since 2014 in the Allentown, PA in the greater Lehigh Valley area. Outside of work, Mat enjoys spending time with family, playing the guitar and violin, and maintaining his Spanish language skills.

In this episode hosted by Mike Swenson, we discussed:

  • How Mat found real estate when decided to go back to Spain to learn business
  • Learning how to get started in real estate by getting involved with groups of investors and consuming real estate podcasts
  • Focusing on personal finances to line...
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Venkat Avasarala - Electrical Engineer Turned Real Estate Investor



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Venkat came to the United States back in 2002 to get his Masters Degree. After spending 14 years in the corporate IT space as an Electrical Engineer, Venkat pivoted to real estate investment to be able to take control of his career and future. He started in real estate by acquiring 20 single family properties in the Dallas area over a 3-4 year span. Today, his company Stryker Properties is focused on Class A apartments in Dallas, Austin, Denver, and Phoenix. During his time in real estate, they've accumulated over 5000+ units in the various asset classes and work with over 3000+ accredited investors. Venkat shares with us how he was able to pivot from IT to real estate, why they are making the shift in real estate investing strategy, why they choose the markets they are investing in, and the lessons he's learned as an investor along the way.

In this episode hosted by Mike Swenson, we discussed:

  • Venkat's goal of replacing his income with a passive...
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Edwin Carrion: From Single Family To Luxury Homes

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To get better, you have to get started, and that's what Edwin Carrion did. Born in Ecuador, and raised by a single mother, Edwin migrated to the US at the age of 12. He enlisted in the Marines, and after he was done, he was trying to figure out what his next step was to build the life he wanted. He was given advice to get into real estate development to make money. Not knowing how to do it, he learned and figured it out as he went along the path as he was taking action to build his dream life.

After doing single-family development for a while, he looked up and realized he could make more money doing higher-priced homes, so he transitioned over to that space. It's all possible because he got started and took action. He didn't sit around and read books & contemplate theories. He took action. Today Edwin runs 4 companies, specializing in acquisition and real estate development, transportation and logistics, investment, and business education and...

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Knolly Williams: The Business Healer

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You'd be surprised to learn that Knolly Williams, The Business Healer, known for wearing a cowboy hat all the time, had aspirations to be a rapper at the age of 13. He was also reading at a sophomore level in the 5th grade. Knolly grew up as a "scared kid" and had a lot of challenges to face. He got into sales at the age of 12 selling hand-crafted jewelry at flea markets and the entrepreneurship bug grew. He left home at the age of 16, eventually launched a gospel music magazine and record label at 22 and was generating $150,000/mo within 6 years. However the industry changed and he didn't change with it, forcing Knolly and his wife to lose everything and restart from rock bottom.

Knolly got into real estate and quickly became a top 7 agent in Austin, TX and sold more than 1,000 homes his first 10 years in the business. Today Knolly runs 3 separate 6 figure businesses while working just 3 hours a day. Author of the book "3 Hours A Day", Knolly is...

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Jen Narciso: Investor Mama

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Building financial freedom sometimes seems incredibly challenging and elusive. We build it up as this incredibly difficult and sophisticated plan. However, it can happen gradually as you're going about your normal life. For Investor Mama Jen Narciso, building a $2M portfolio started with purchasing a duplex for 200k in 2013. Live in one half, rent out the other, fix up, cash-out refi, and repeat. Have a couple of kids along the way. Buy another single-family home in 2020. Let real estate appreciate along the way.

Doing this has given Jen the freedom to focus on raising her kids without the stress of working full-time. She's now a real estate agent & her husband continues to work, and she wants to focus on helping others, particularly moms, through her Investor Mama website and Podcast. Listen to her story and hear practical ways you can take your real estate investing journey forward. Jen believes anyone can achieve financial freedom and peace...

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Mark "MJ" Jackson: Invest Anywhere...From Anywhere

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Have you ever heard "You make a profit when you buy" as it relates to investing in real estate? Leave it to appraiser Mark Jackson, fondly known as MJ, to prove that theory correct. MJ has become a go-to valuation specialist for people who want to achieve more in their real estate investing business. Founder of Investor Comps, MJ is excited to help people "Invest Anywhere From Anywhere." Because of his real estate investing, it has allowed him to travel the world and teach on real estate valuation in places like Italy, Switzerland, Scotland, Australia, Japan, and Africa. Outside of real estate, MJ is married with 5 children and enjoys competing in Ironman races and playing golf.

 

 In this episode hosted by Mike Swenson, we discussed:

  • How Mark gained the fruits of doing real estate, as he believes that the things that you do now show up 10 years from now
  • Getting a better job by realizing your worth and your family's worth
  • How...
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Malcolm Turner: Financing The Deals Banks Won't Touch

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When investing in real estate, you can never have enough great lender connections, especially someone like Malcolm Turner who specializes in financing the deals that banks won't touch. He is a highly respected and accomplished executive, having founded Castle Commercial Capital in 2007. Malcolm has developed a deep understanding of commercial lending, capital markets, and investment strategies. He's the author of the book "Financing The Unbankable Deal". Outside of real estate, he serves as a deacon for his church for the past 15 years, is married with 3 kids, and lives in Southfield, Michigan.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Malcolm's defines his competition as however a client financed their previous deal
  • When should you not do a commercial bridge loan
  • The advantages of dealing with a professional commercial broker
  • The key to having a great team of people around you
  • Choosing to do the hard deals...
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Mike Swenson & Mike Gengler: Acquiring Our First Short-Term Rental

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Are you considering getting a short term rental for your real estate investing portfolio? We're in the same boat! Get a sneak peek into our lives as we discuss our short-term rental purchase set to close within the next week in the Finger Lakes region of New York! We talk about our overall investing strategy, what we're looking for in a short-term rental opportunity, what we liked about this particular deal, partnering with investors in deals, and what we're planning on doing with this property in the future to add additional streams of income per night to the property. Get an insider's view to our thought process and plan with this episode!

 

In this episode hosted by Mike Swenson, we discussed:

  • The balance between cash flow and appreciation on their apartment complex and how it led to looking at short-term rentals
  • How we explored short-term rental markets to invest in
  • What we liked about this particular short-term rental deal
  • The two things...
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