Summary

This episode was a discussion between Kim Lisa Taylor, the founder of Syndication Attorneys, and Krisha Young, Business Development Director and Client Success Coach at the firm. The main topic was overcoming mental barriers that prevent people from achieving their goals, particularly in the context of real estate syndication. Krisha shared her background as a personal coach and holistic nutritionist, and discussed strategies for cultivating a growth mindset, becoming self-aware, reframing negative thoughts, and developing positive habits and routines. She and Kim introduced frameworks like the 'Miracle Morning' and Krisha’s own 'Pattern Release Coaching' model to help clients identify and overcome limiting beliefs and self-sabotaging patterns. The discussion also touched on the importance of gratitude, pronoia (the opposite of paranoia), and living in alignment with one's values. Kim and Krisha emphasized the firm's commitment to supporting clients not just legally, but also in their personal and professional growth.

Interview Highlights

Q: What are mental barriers?

A: Mental barriers are fears, doubts, worries, or past programming that come up and make someone feel incapable or not good enough, blocking them from achieving their goals.

Q: What role do habits and routines play in overcoming mental barriers?

A: Developing healthy habits and routines creates an ecosystem that supports personal growth and overcoming barriers. Practices like gratitude, affirmations, and following a framework like the Miracle Morning can help shift one's mindset.

Q: What are some common misconceptions that hold people back?

A: Common misconceptions include equating failure with being a failure, perfectionism leading to procrastination, and a victim mentality of life happening 'to' them.

Q: How do you cultivate more positive self-talk?

A: Becoming aware of negative self-talk through journaling, reframing it with counter-phrases or affirmations, and understanding where it originates can help replace it with positive self-talk.

Q: What are some tools to get past self-imposed barriers?

A: Tools include journaling, observing body sensations, gaining clarity on the root causes, taking ownership through personal responsibility, and continuously refining the process with compassion.

Q: Can you discuss the framework you use with coaching clients?

A: Krisha uses a 5-stage 'Pattern Release Coaching' framework: 1) Awareness, 2) Observation, 3) Clarity, 4) Ownership, and 5) Refinement, layering in different tools at each stage.

Action Items

· Become aware of mental barriers and negative self-talk through journaling

· Observe where you feel those thoughts/emotions in your body

· Gain clarity on the root causes behind the barriers

· Take ownership and personal responsibility for creating the life you want

· Continuously refine the process, using tools like affirmations, vision boards, breath work, etc.

· Develop healthy habits and routines like gratitude practice

· Consider attending the firm's mastermind program for personal and professional growth support

· Potentially attend a future workshop on creating a life/business plan

· Read recommended books like The Miracle Morning and Dare to Lead

· Reach out to Krisha or the team for coaching or strategy sessions

Join us as our host, Attorney Kim Lisa Taylor interviews Hitomi Yasuda and Hans Christian Seelinger about why competent underwriting is so important when evaluating potential deals for real estate syndication purposes. Kim and her guests delve deep into real estate underwriting, explaining the common mistakes real estate investors make and how you can avoid them.

Episode at a glance:

• Hans' self-taught real estate journey from Venezuela.
• Hitomi's transition from the clothing industry to real estate.
• Key underwriting principles and risk assessment.
• Challenges of managing tenants, vendors, and staff.
• Best practices for conservative underwriting and market cycles.

Attorney Kim Lisa Taylor interviews Troy Eckard, founder of Eckard Enterprises, about investment opportunities in mineral rights on properties that get leased to big oil companies for oil field development.

Learn the difference between mineral rights and real property ownership, how mineral rights are packaged and leased, and whether mineral rights are a viable alternative to investing in real estate.

Episode at a glance:

• What are "mineral rights"?
• Strategy for buying mineral rights
• How do you get someone to lease the mineral rights you've acquired?
• The primary risks of investing in mineral rights related to oil and gas

Join us as our host, Attorney Kim Lisa Taylor, interviews Fred Peña of Ridge Crowdfunding about how you can use the Regulation Crowdfunding exemption to freely advertise your deals and raise capital from anyone.

They discuss the rules, limitations, mechanics and advantages of this important exemption - and how you can use it to help even non-accredited, unsophisticated investors participate in your real estate offerings – with no pre-existing or substantive relationship required! During this podcast, you'll learn how using this game-changing exemption can help you reach a wider audience of potential investors.

Episode at a glance:

• What is Regulation Crowdfunding and how is it different from Reg D, Rule 506?
• Learn about what funding portals are and how they work
• Discover the dollar limit an issuer can raise in a 12 month period
• When are audits triggered and how frequently are they required?

Please join our host, Attorney Kim Lisa Taylor, while she explores the intricacies of allowing self-directed IRA investors in your Syndicate. Our special guest is our friend, Kaaren Hall of UDirect IRA. Kaaren is a thought leader in the self-directed IRA space, on both the marketing and legislative fronts. We also ask her to share some of her marketing secrets (so you can use them to meet your own investors), as she is one of the most effective marketers we know.

Episode at a glance:

• The difference between a retirement account and a self-directed IRA
• The benefits of investing with an IRA
• Red flags that could prevent a custodian from releasing an investor’s funds to a Syndicate
• What is UBIT and how does it affect an IRA Investor?

Join our host, Attorney Kim Lisa Taylor, and her esteemed guest, Perry Zheng, founder of CashFlow Portal. Before founding CashFlow Portal, Perry was an engineering manager at Lyft and worked as a software engineer at both Twitter and Amazon. He will share his experience and insights into how software, artificial intelligence and technology are reshaping the real estate investing world.

Episode at a glance:

• Explore the benefits of utilizing an investor management platform to streamline operations, enhance communication, and improve investment management for both syndicators and their investors.
• Investigate and understand the impact of emerging technology trends on commercial real estate investing, including the roles of blockchain, artificial intelligence, and the Internet of Things in transforming property transactions, management, and market analysis.
• Explore the integration of artificial intelligence with CashFlow Portal to enhance the capabilities of real estate syndicators, focusing on potential applications and benefits.
  
  
  
  
  
  
  
  
  
  

Join our host, Attorney Kim Lisa Taylor, as she interviews David Schwartz, whose successful business model is making targeted improvements to older homes and turning them into profitable student housing. Among the issues we'll discuss are complexities in the permitting process and the screening process David uses to get high-quality tenants.

Episode at a glance:

• Why student housing over other assets
• The business strategy David employs when looking at student housing
• How to determine if a property is viable
• Uncovering the risks involved in investing in student housing
• How David manages small properties and tenants

Kim Lisa Taylor, Esq., interviews Dustin Heiner, founder of Master Passive Income, about his system for building lasting wealth with real estate investing.

Dustin's expert team teaches beginners how to become successful real estate investors and create their own passive real estate income business from scratch. His ultimate goal is to help you quit your job with real estate investing.

Episode at a glance:

• The primary reasons ordinary people want to invest in real estate
• Where should someone start their real estate journey
• How to find properties
• Strategies for building generational wealth
• How to scale