Flip and Danny recap Week 22, covering mindset lessons like failing forward and the "three feet from gold" concept, using LOIs as a professional resume, entity versus asset purchases, and protecting private lenders. They emphasize building a strong track record and surrounding yourself with supportive people.
Questions this video answers
Flip and Danny, founders of the Freedom Real Estate Group.
Week number 22.
freedomcapitalinvestments.com.
About 1,000 views/listens per week.
"Invest Smart, Live Happy."
Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group family of companies. And welcome to another live, live, live episode. Yeah, you like that? This is our recap and key takeaways from the week. This is week number 22, viente dos.
Viente dos.
Yes. I'm so bummed out. Last week I just called it dos uno last week, but it was actually viente uno.
Right, right, right.
Now it's viente dos.
Yeah, you need to learn how to say happy fun shirt Friday in Spanish.
Happy el funcerto Friday. O.
You are a dork.
Nope.
Okay.
Anyway, so welcome to our recap of key takeaways for week 22. Episode number 141. 48.
That's right.
Failing forward in the never give up mindset. So, key takeaways. Failure is a requirement of getting to success. It's a stepping stone of allowing you to get there. Use the lessons of failing as fuel to catapult you forward. Another key takeaway is many people ask the biggest reason behind how we found our success, and it's the never give up mindset. Three feet from gold.
That's right.
Which is from the book Think and grow Rich.
He might have gotten that wrong on a previous episode. And after the episode, I went, are you sure that's the right book? I'm pretty sure it's the Napoleon Hill.
I could have edited the video, but I left it because when you're wrong, you're wrong.
And he was going, let's see who catches it.
Yeah, I was wrong. I was wrong.
All right. Episode 149, putting your best foot forward when making offers. Key takeaway number one was, we don't like it when people waste our time. Amen. So we definitely don't want to waste the time of others. We went through a detailed preliminary checklist of things before we even entertained putting in an offer. And key takeaway number two, the loi, which means letter of intent, isn't a whipped together piece of paper that says, hey, we really like your place. We want to put our best foot forward. It's our resume with references to prove that we are the real deal. This can often make the difference in our offer getting accepted over competing offers.
Love it. Episode 151. 50. What is an entity purchase and why is this strategy used in negotiations? So, takeaways when buying using this, the entity purchase strategy, use an attorney familiar with this type A transaction who can help you avoid any pitfalls you might otherwise miss. You don't know what you don't know.
That's Right.
When underwriting a deal and you choose entity purchase over an asset purchase, don't count on the fact that taxes won't increase those school whatever bullies. Yeah, yeah. Make sure that the deal is still going to be a deal even if the taxes go up. Otherwise it's. It's a bad deal.
That's right. Episode 151. What is our track record and why it matters? Key takeaway number one. You want to work with people who have a proven track record. It's an important piece of mitigating risk when it comes to investing, often discounted or even overlooked. The second key takeaway is our private money lenders are very precious to us. They get their money back and everything that we promised. Even if we lose money on a deal, it is supremely important to us to keep the private lenders whole.
That's right. Episode 152. The Bigger your dreams, the more you can help others. Key takeaways surround yourself with like minded people who will support your dreams. It's amazing the difference it makes. Truth your key people around you.
Yes. Yes.
Dreaming big turns into playing big. We're not here to play small. We're here to live fulfilled and to help others to do the same.
Absolutely. And episode 153, which was yesterday's episode, it was a live episode, which was.
The day before Fun Shirt Friday.
Yes. And that's why I tell people to like it because tomorrow is Fun Shirt Friday.
So you said people to like it because it was Thursday.
Yes.
Okay.
What? Sorry. We're averaging around 1,000 views between views and listens every week. Every single week. And that's really, really exciting because we really didn't know how this was gonna go. And I know we say that all the time, but it's true. We just said let's do it. And we're hoping we're gonna be able to add value. And we appreciate the fact that it looks like we are adding value and we hope we get to continue to add more value to more people. So please share these videos with other people that you think that it can help achieve their goal of financial freedom through passive income. And the second key takeaway was asset protection. We're always learning new things we've done and talked about so many things that we've done for asset protection and in our lives, in our business. On these episodes, we'd shared our estate planning as we were signing the docs what it involved, all the things that we did to mitigate risk in the family of companies in case we died. And the people that could keep it going to protect our team, the companies, our investors, our clients, everybody. And we just learned even more. And so as we continually to learn some really amazing things, we're going to continually to pass them on to you guys. So we're going to be creating a cool something. We just don't know what it is yet. But we will be passing on this information to you guys because it's going to change the game for us. So that was the key takeaway.
Yes. It's a completely different game.
Yes.
Yes. Hey, make sure you head on over to our website, freedomcapitalinvestments.com to join our investor club. Again, very important that you're doing that again. We talked more about that yesterday. But very important to do that, make sure you're heading over to Facebook and LinkedIn and all those other places and hitting the like button because it's Fun Shirt Friday. It's Fun Shirt Friday. There you go.
I like that you're wearing blue because you have blue eyes and your blue eyes just come out and your pink.
Shirt is making this thing stand out a little bit. So. But again, thank you again for watching and listening and doing all this stuff every week with us. But we like to end all of our episodes with Invest Smart, Live Happy. Bye, everybody. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate text. Legal, real estate, financial or business professional for individualized advice. Opinions and information on this show are not guaranteed. All investment strategies have the potential for profit or loss.
