I really enjoy Bryce’s breakdown and humbleness/humility that so many of us feel the same way about. This episode really grabbed my attention, great lessons
@@brycestewart4240 Hey! I'm working full time in commercial real estate at CBRE now and running my own rentals/short term management business. Let's connect!
@@elyl78 Soooo.....my attorney tells me to say that "I've heard but cannot confirm that...you should check with your agent, AND You should be listed as additional insured by the contractor's insurer. OR, they should sign a workers comp waiver form if they aren't carrying their own insurance. That way, it's not like they are your under-the-table de facto employee, who should have been covered by worker's compensation insurance before entering your worksite." No guarantees, consult your own attorney, etc.
Bryce is hands down my favorite guest on this podcast. I shared his first episode with a teacher I know. Bryce’s story inspired this teacher to begin his trek into REI. Thanks for being so transparent, Bryce!
Breathe deeply. Do what is free and low-risk first. Shop home insurance rates. If you own a home, see if you can refinance. Start looking for things that put more money in your pocket every month but don't add chores.
I remember Bryce from the first interview. The truck analogy did stick out at the time! He's clearly a teacher at heart. What inspires me the most is that he is so successful but possesses charming humility and maintains a strong moral compass.
Love this guy ! no wonder he used to be a teacher, he's so good at explaining things and keeping your attention locked without draining your energy. This must be my favorite episode.
He also justified how I’ve 🐌 snail invested one tiny step at a time. I’m guilty of feeling accomplished that I located a document and left it in the printer 🖨 😂. Glad it’s not just me!
Thanks for engaging! If you're going to sacrifice your time listening to words coming out of my mouth, I hope I can deliver at least some value. For the record, robust disagreement/alternate paths to a successful outcome are also welcomed!
Just downloaded the AOS for California! Going to study the document and go from there. I think watching this Podcast was my "vacuuming my truck" moment. Thanks!
Bryce is Gold!! What he says to do to get started is just what I needed. He's a great teacher. I've done training. It's about breaking what you want down, into little understandable steps along the way. It helps to build confidence. That's what Bryce does. When he busted out the guitar, I was sold. What a great person to have as a mentor. Will purchase his book. You can have Bryce on anytime.
Great episode! I went back and listened to Bryce’s first episode and then listened to both again alongside my husband. We’re about to list our first live-in flip and grab a dilapidated triplex to hold. Such an exciting journey (and I’ve been painting the house today so can totally relate to the hustle of juggling everything).
4th graders will ask for help. But adults seem to "lose" that ability as they get older. Perhaps it's because we've been programmed not to act "dumb" and not to ask "dumb questions". This indeed limits us and prevents real growth in us as investors (or would-be investors).
This was super informative! Bryce’s teaching style is awesome and I will definitely utilize these teachings in my REI journey to financial freedom! Thanks BP!!! ❤️
Thanks Brandon TOP Real estate Investor, David Green and Bigger Pockets for yet another great interview. I really like Bryce, humble and intelligent demeanor. Thanks 🎖🎖🎖
Thanks! My hope is that everyone could get at least a small piece of usable info. At the same time, I'm open to robust argument and alternate paths toward successful outcomes.
I can’t thank the guest for this interview anymore. This was really timely for my life! I am coming upon roadblock after roadblock. What I desire seems so difficult but once I take it one step at a time, take a beat and then pray, I find myself being less overwhelmed.
I live right there in the area. I was born and raised in Bethlehem. I can attest to what he is saying about the market being ridiculous. A lot of New Yorkers and New Jersians anre moving in. Rents and property values are skyrocketing. I still love my city and I am looking forward to beginning investing in the next few years. Awesome podcast guys!!
This. Was. Amazing!!!! Great metaphors for learning, helpful to understand you can grow as much as you are willing to work, pushes you practically, I could go on and on! I need to listen to this three more times because it was so immensely helpful!
One of the best BP podcasts out there in my opinion. Such great, practical advice for the little guy. Thank you so much, I feel like I have much more direction to start working on my business
This guy perfectly outlines why almost all business and commerce is not especially complicated just task intensive. Which plays perfectly into the pockets of those who take action.
Stupid Me: "I don't know what I'm supposed to do next...so I'm not going to do anything." Smart Me: "There are actually 5 small, free steps you can do Right Now. Their website has 'forms' and FAQ's - did you even read those?" Stupid Me: "No...but it's 8:15 at night - after business hours. I won't be able to get the answer to my questions." Smart Me: "Send an email and leave a voicemail. It will be in their Inbox when they arrive at work tomorrow. Plus, their number will be in your phone, so you won't have to look it up again to call back, tomorrow at 9am while you're driving." Stupid Me: "They're going to think I'm stupid." Smart Me: "So you're stupid. Who cares what they think? You only need a form/directions/appointment/information from them."
@@brycestewart4240 Just finished the book and let me tell you. Your story is beyond inspirational! I've read a few real estate and business books this year yet, none have inspired me to take action. House Hackers Guide to the Galaxy is a Great read!! Can not wait for a part 2. P.S. for part 2 can we get some nerdy number crunching examples.
THISSSSSSS OMG I thought it was just me and I beat myself up every single day over being STUCK not knowing what to do. This man is describing my current system. This video was my step dayum one.
Thanks Jonathan! I seriously considered NOT pulling out a guitar and singing. Then I thought..."it might end up looking stupid, but...there are PLENTY of forgettable podcasts out there."
This is an amazing podcast! Please share whatever your guests think is stupid because that's the questions on everyone's mind! Total good learning experience!
28:00 the document he talks about, Florida agreement of sale, if anyone knows for sure, can share the link? so I can be sure, I am looking at proper document?
One of the better episodes I have seen for Newbies. I think the step by step demonstration went a far way. I think you guys can have a section of the show where you ask a guest to walk (baby steps) us through how they overcame an obstacle just the way how he did it here. Probably can use that instead of the “deal deep dive” just a suggestion
Fantastically Simple! The Best Podcast ever, IMO, regarding taking action in Real Estate Investing. I feel empowered by Bryce's humble vulnerability and "dumbed down" way of explaining how to break down my years of research into manageable, bite sized steps of ACTION.
Andrew - Get ready for a dissertation here: I have a maintenance guy who lives in one of my units, on the same block as 32 of my 38 units, and only 8 blocks from the remaining units - which makes boots-on-the-ground management/maintenance much easier. My wife handles admin stuff, and she has streamlined SO MUCH OF IT that it seriously makes our life a lot easier. I'll give you a couple of examples: 1) DocuSign account - Now I don't print out paper leases anymore, and my tenants can even sign their lease over their phone. We adopted this relatively late in the game - I was still printing, meeting with new tenants, signing, scanning, then emailing them a pdf copy of the signed lease. Paper would sometimes get jammed in scanner, or image would "run", or pages would tilt 2-3 degrees in the doc, annoyingly. Now - time-stamped eSignatures on everything, catalogued online with no need to even use paper. Since lease details differ per property and even per unit within a specific property, it is extremely helpful to have these 'saved' as available templates on DocuSign, so that only a few relevant details (dates, tenant name, price) need to be changed at each turnaround. 2) My wife moved us from mostly Venmo and/or checks for rent collection over to Cozy. My life became instantly better. Chasing down checks, or waiting for them in the mail, is a pain in the butt for a landlord. It's also a pain for tenants, who need a stamp, envelope, pen, checkbook, and a functioning memory every 1st of the month. Although Venmo was 'kinda' convenient, there were big problems: a) Venmo throttles how much you can withdraw at one time, so we were having to do 5-6 consecutive days of Venmo deposits into my bank at the beginning of the month . b) Technically, we weren't even supposed to be using Venmo to collect rent, since we had a personal account and not a business account. c) Even thought you would think the convenience of Venmo would make rent-payment more dependable, I still found that I had to text certain tenants on the 4th of every month and say "Dude, you forgot to send Venmo". d) Now that I hired a bookkeeper, they keep track of tenants through individualized Quickbooks categories. This means my bookkeeper needs to be able to quickly confirm which tenants have paid each month. Unfortunately, when you make a Venmo deposit into my bank account(s), the online bank ledger just reads "Venmo deposit $1000 on 5/2/20" without showing my bookkeeper which tenant was responsible for the payment. This meant that my bookkeeper had to log in to my Venmo account and scroll through my feed to cross-reference who had paid on that date. Cozy does FREE, MONTHLY, RECURRING, BANK-TO-BANK TRANSFERS ON THE 1ST OF EVERY MONTH. Now, on the 1st of the month, I immediately and automatically get all rents from tenants. It auto-withdraws, the same way an ACH student loan payment would. On top of this, it comes into my bank ledger with the tenant's last name included ("Cozy payment, Johnson, $1000") so that my bookkeeper can easily see whose account gets credited.
@@brycestewart4240 thanks for your response, and it's honestly astounding to accomplish what you have but all the more so to have done it without a huge team (something that seems inevitable and daunting from my position). Can I use your website to reach out to you via your Contact form? I'd love to talk some more. If you're (understandably) busy, just say the word. And, lastly: I can appreciate the color coordinated books in your office. Take care and stay safe.
@1:07:30 advice to newbies whose spouse don't want us to invest. GREAT advice. And it might also not hurt to use the same "package" you would show to an investor (your BP evaluation information) to show them you have thought it through and and it is viable and profitable.
Bryce the way you speak is definitely like a teacher. Good teachers make everything digestible in bite sized pieces. I'm a teacher myself, and I often find myself frozen in inaction because everything is so different. We're trying to buy our first investment home and I feel like even though we've watched so many BP videos that we barely know what we're doing. It's scary but we're trying.
HOMEWORK: (27:15) look up agreement of sale for your state -print out -read through 7-10 times -on 10th time *highlight each section you don't understand
So true about the paper sitting there! I have some self storage units going to auction, I dread it so much that the papers have been sitting by my printer for over a week. Today I realized I just need to get them started, and as usual it ended up being much less time and easier than the anticipated dread makes it seem. Thanks for the worker's comp tip! I have a friend getting on my facility's roof later this week, working on getting that form now
This was a really good podcast, thanks Bryce for sharing your experience. I really want to start doing the same and this podcast puts me in the right direction. I’m from Allentown and is good to see someone from the area doing it!!
Teachers are heroes! Especially in this environment. I loved many aspects of teaching, and hold only warm feelings toward all of my past colleagues and students. Reminder: IT IS COMPLETELY FREE TO CONTACT YOUR CHILD'S TEACHER AND ENCOURAGE THEM, THANK THEM, SUPPORT THEM. Seriously. Even if you don't like them or are disappointed with their consistency or ability - it still costs nothing to reach out positively; there's only upside.
This is also great advice if you are moving to an area with high property taxes. I did this when I moved to my township and got my taxes decreased by $4000
THIS.....THIS is the way you guys should teach folks about real estate. I love BiggerPockets but you assume too much about folks who are trying to learn what you are trying to teach them. Great podcast.
Thanks, Kevin! You wouldn't believe how many conversations I STILL begin by saying "ok, I'm not very smart - so you're probably going to have to repeat everything twice for me to understand it." My other go-to is "I heard the words you just said...can I clarify out loud, back to you, to make sure I understood?"
@@brycestewart4240 I'm married to a Superhero (a teacher) and she has to dumb things down for me as well. I total appreciate your manor of thinking. Thanks for the reply. It's almost like getting a retweet. :)
This is quite an inspiring and informative video. I need to “vacuum the truck” so to speak. I’m brand new and need to figure out how to get started investing in this crazy economy while living in New England.
Just downloaded Think and Grow Rich, by Napoleon Hill as mentioned at 1:18:42. This book is absolutely amazing! So much useful content! Recommend to all! It was published in 1937 during the Great Depression! And it is now in the public domain, so is free to download.
Question: Do you need sub-Contractors and the contractor that hires them to fill out the work comp form? or is the the contractor that hires other fill out work-comp form.
Great interview. Question- refi the property at higher appraisal value could negatively impact your cash flow. If so, do you have to bring in more cash or rental income to get the refinance approved?
21 year old art major here recently obsessed with passive income and investment videos as my career path gives me no peace of mind! Most of these videos seem way too complex for me as I’ve no previous knowledge of finances. I really enjoy his break down. Feels like very good new knowledge to have
I really enjoy Bryce’s breakdown and humbleness/humility that so many of us feel the same way about. This episode really grabbed my attention, great lessons
This was my middle school science teacher! Great to see his growth!
Richard! What's up? Are you still in the WWRE ecosystem?
@@brycestewart4240 on the additional insured thing... Is that just for their general insurance based on that address of mine they're working on?
@@brycestewart4240 Hey! I'm working full time in commercial real estate at CBRE now and running my own rentals/short term management business. Let's connect!
@@elyl78 Soooo.....my attorney tells me to say that "I've heard but cannot confirm that...you should check with your agent, AND You should be listed as additional insured by the contractor's insurer. OR, they should sign a workers comp waiver form if they aren't carrying their own insurance. That way, it's not like they are your under-the-table de facto employee, who should have been covered by worker's compensation insurance before entering your worksite." No guarantees, consult your own attorney, etc.
He looks young.
27:28 Blank agreement of sale...one of my new tasks...I love the analogy on vacuuming your truck.
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Bryce is hands down my favorite guest on this podcast. I shared his first episode with a teacher I know. Bryce’s story inspired this teacher to begin his trek into REI. Thanks for being so transparent, Bryce!
Cool! See you on BP!!!
@@brycestewart4240 ur story’s awesome man
yeah, i just fell for him. periodt.
I agree, he is my favorite guest.
I'm on the brink of an emotional breakdown because I feel like I'm at a crossroads in my life. This video is just what I needed.
me too!
Breathe deeply. Do what is free and low-risk first. Shop home insurance rates. If you own a home, see if you can refinance. Start looking for things that put more money in your pocket every month but don't add chores.
Hang in there 💜
Persistence. Put your DAMN foot on the gas pedal and KEEP GOING mama!! YOU GOT THIS!!!!!!!!!
Same! But we got this! It's a sign for us to jump to our futures!
I remember Bryce from the first interview. The truck analogy did stick out at the time! He's clearly a teacher at heart. What inspires me the most is that he is so successful but possesses charming humility and maintains a strong moral compass.
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YES, teach me Real Estate like I'm a sixth grader! More like this please!
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Love this guy ! no wonder he used to be a teacher, he's so good at explaining things and keeping your attention locked without draining your energy. This must be my favorite episode.
You can tell he was a teacher and he's great at teaching the step by step. Love this! Great podcast! :)
Yes! Breaking it all the way down. So great!
I was just thinking that myself so true
He also justified how I’ve 🐌 snail invested one tiny step at a time. I’m guilty of feeling accomplished that I located a document and left it in the printer 🖨 😂. Glad it’s not just me!
Thanks for engaging! If you're going to sacrifice your time listening to words coming out of my mouth, I hope I can deliver at least some value. For the record, robust disagreement/alternate paths to a successful outcome are also welcomed!
@@CrystalYeep Some days, that's all you can manage - right? Tomorrow, fill in the "name" and "address" sections.
One of my favorite episodes to date! Why, he's as plain Jim as they come...it's just real.
Just downloaded the AOS for California! Going to study the document and go from there. I think watching this Podcast was my "vacuuming my truck" moment. Thanks!
Well? Did you get it done?
Where are you in CA x
Bryce is Gold!! What he says to do to get started is just what I needed. He's a great teacher. I've done training. It's about breaking what you want down, into little understandable steps along the way. It helps to build confidence. That's what Bryce does. When he busted out the guitar, I was sold. What a great person to have as a mentor. Will purchase his book. You can have Bryce on anytime.
He is a teacher at heart. He said so many things that resonated with me and had me thinking about so much
Great episode! I went back and listened to Bryce’s first episode and then listened to both again alongside my husband. We’re about to list our first live-in flip and grab a dilapidated triplex to hold. Such an exciting journey (and I’ve been painting the house today so can totally relate to the hustle of juggling everything).
NICE! When I used to do my own painting, I would listen to Jim Rohn videos. That's gasoline for the tank, baby!
That's great news Kristin. Which city state is this in? Where I live, its very expensive in South Florida
This podcast was great! Stewart is an amazing teacher. And he teaches concepts that other investors have forgotten they learned! Thank you for this!
This guy is very very good at explaining things lol
love your tutorials man lol
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@x glad someone beat me to it
I agree he dumbed it down soo well 👌🏽
Just a scammer.
IN YNAB's defense - it's not $50 per month. It's like $89 PER YEAR!!! It USED TO BE $50 per year. It's gone up. Still WAAAAAy worth it.
4th graders will ask for help. But adults seem to "lose" that ability as they get older. Perhaps it's because we've been programmed not to act "dumb" and not to ask "dumb questions". This indeed limits us and prevents real growth in us as investors (or would-be investors).
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So true, I find that admitting my ignorance of something is often met with a condescending attitude
I grew up in a house where I was yelled at if I did an automatically understand things 🥺 I hate asking for help
This is the first podcast I have seen from you guys, and if the others are anything like it, I’ll watch them all at least twice😈
This was super informative! Bryce’s teaching style is awesome and I will definitely utilize these teachings in my REI journey to financial freedom! Thanks BP!!! ❤️
I 100% relate to this guy. Download and print off a form and be left mentally exhausted for 3 days.
One of the best podcasts on bigger pockets.
Thanks Brandon TOP Real estate Investor,
David Green and Bigger Pockets for yet another great interview. I really like Bryce, humble and intelligent demeanor. Thanks 🎖🎖🎖
Thanks! My hope is that everyone could get at least a small piece of usable info. At the same time, I'm open to robust argument and alternate paths toward successful outcomes.
What an wonderful podcast! I have ordered the book.
Thank you Biggetpockets !!
This is my favorite episode so far. Thank you guys!!
Jose, thanks! Mine too.
I can’t thank the guest for this interview anymore. This was really timely for my life! I am coming upon roadblock after roadblock. What I desire seems so difficult but once I take it one step at a time, take a beat and then pray, I find myself being less overwhelmed.
Thanks for listening. If someone takes time out of their day to listen, I believe they deserve to get some value!
5 star interview. So many nuggets. Love it.
I live right there in the area. I was born and raised in Bethlehem. I can attest to what he is saying about the market being ridiculous.
A lot of New Yorkers and New Jersians anre moving in. Rents and property values are skyrocketing.
I still love my city and I am looking forward to beginning investing in the next few years.
Awesome podcast guys!!
This dude Bryce explains concepts very well. Great storytelling as well.
I live in Phillipsburg, NJ
The Lehigh Valley area is amazing. Always something to do.
This. Was. Amazing!!!! Great metaphors for learning, helpful to understand you can grow as much as you are willing to work, pushes you practically, I could go on and on! I need to listen to this three more times because it was so immensely helpful!
One of the best BP podcasts out there in my opinion. Such great, practical advice for the little guy. Thank you so much, I feel like I have much more direction to start working on my business
This guy perfectly outlines why almost all business and commerce is not especially complicated just task intensive. Which plays perfectly into the pockets of those who take action.
Mike - right?
Stupid Me: "I don't know what I'm supposed to do next...so I'm not going to do anything."
Smart Me: "There are actually 5 small, free steps you can do Right Now. Their website has 'forms' and FAQ's - did you even read those?"
Stupid Me: "No...but it's 8:15 at night - after business hours. I won't be able to get the answer to my questions."
Smart Me: "Send an email and leave a voicemail. It will be in their Inbox when they arrive at work tomorrow. Plus, their number will be in your phone, so you won't have to look it up again to call back, tomorrow at 9am while you're driving."
Stupid Me: "They're going to think I'm stupid."
Smart Me: "So you're stupid. Who cares what they think? You only need a form/directions/appointment/information from them."
One of the best interviews I've heard, definitely worth the listen!
Thanks Jay 303! The book is worth it, too! House Hacker's Guide to the Galaxy.
@@brycestewart4240 Just finished the book and let me tell you.
Your story is beyond inspirational! I've read a few real estate and business books this year yet, none have inspired me to take action.
House Hackers Guide to the Galaxy is a Great read!!
Can not wait for a part 2.
P.S. for part 2 can we get some nerdy number crunching examples.
I haven't moved forward with my investment goals and this is just the video I needed. Now I need to go find an Agreement of Sale....
27:30 I NEED THIS GUY AS A MENTOR! I will pay for your time!!
THISSSSSSS OMG I thought it was just me and I beat myself up every single day over being STUCK not knowing what to do. This man is describing my current system. This video was my step dayum one.
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This is everyone who starts. This was me 10 months ago when I was first getting started
This is exactly what I needed. It needs to be this dumbed down, it really helps.
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I swear by all that is Holy, I will never, EVER, forget "Worker's Comp Waiver Form"
Ha! I took a chance - thought "This might be stupid." Then I thought, "yeah, but there are lots of forgettable podcasts. Not mine!"
Oh my God, Love Bryce's fundamental explanations! Bryce must have been the best 6th grade teacher ever, Thank you!
Sold two of my sports cars to own two rental properties. I hope to retire at age 35. that is the dream
I love how he helps us beginners to really understand how to start. Thank you 🙏🏼
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Such a fun memorable episode. Lots of value. And the SONG!!!! Made my day
Thanks Jonathan! I seriously considered NOT pulling out a guitar and singing. Then I thought..."it might end up looking stupid, but...there are PLENTY of forgettable podcasts out there."
This is an amazing podcast! Please share whatever your guests think is stupid because that's the questions on everyone's mind! Total good learning experience!
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This is an amazing conversation. Bryce, Thank you for all the good nuggets! It feels good to be a capital "I" Investor!
28:00 the document he talks about, Florida agreement of sale, if anyone knows for sure, can share the link? so I can be sure, I am looking at proper document?
Great episode. Clear. And foundational
Really liked the way he explains it in tiny baby steps to get going!
Baby Steps. After a while, like a baby, you can begin running faster.
I love the purchase agreement tip. It really is great and having a full understanding of it will truly help later on. Thank you!
Wow this was an amazing interview. 👏
Thanks Michael! Go take action!
One of the better episodes I have seen for Newbies. I think the step by step demonstration went a far way. I think you guys can have a section of the show where you ask a guest to walk (baby steps) us through how they overcame an obstacle just the way how he did it here. Probably can use that instead of the “deal deep dive” just a suggestion
Fantastically Simple! The Best Podcast ever, IMO, regarding taking action in Real Estate Investing. I feel empowered by Bryce's humble vulnerability and "dumbed down" way of explaining how to break down my years of research into manageable, bite sized steps of ACTION.
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What a great perspective with the truck vaccuum and the 5 minute tasks. Thank you!
I love his humble teaching way of explaining everything and the song makes it all stick. ☀️
15 minutes in & I’m glad I watched👏🏾👏🏾💯
Thanks! Go find something small to move your journey forward. Rinse, lather, repeat.
@@brycestewart4240 Yes sir, on the move!
Incredible interview... the song seals the deal. Bryce, how many people do you have working for you now in order to keep all systems running smoothly?
Andrew - Get ready for a dissertation here: I have a maintenance guy who lives in one of my units, on the same block as 32 of my 38 units, and only 8 blocks from the remaining units - which makes boots-on-the-ground management/maintenance much easier. My wife handles admin stuff, and she has streamlined SO MUCH OF IT that it seriously makes our life a lot easier. I'll give you a couple of examples:
1) DocuSign account - Now I don't print out paper leases anymore, and my tenants can even sign their lease over their phone. We adopted this relatively late in the game - I was still printing, meeting with new tenants, signing, scanning, then emailing them a pdf copy of the signed lease. Paper would sometimes get jammed in scanner, or image would "run", or pages would tilt 2-3 degrees in the doc, annoyingly. Now - time-stamped eSignatures on everything, catalogued online with no need to even use paper. Since lease details differ per property and even per unit within a specific property, it is extremely helpful to have these 'saved' as available templates on DocuSign, so that only a few relevant details (dates, tenant name, price) need to be changed at each turnaround.
2) My wife moved us from mostly Venmo and/or checks for rent collection over to Cozy. My life became instantly better. Chasing down checks, or waiting for them in the mail, is a pain in the butt for a landlord. It's also a pain for tenants, who need a stamp, envelope, pen, checkbook, and a functioning memory every 1st of the month.
Although Venmo was 'kinda' convenient, there were big problems:
a) Venmo throttles how much you can withdraw at one time, so we were having to do 5-6 consecutive days of Venmo deposits into my bank at the beginning of the month .
b) Technically, we weren't even supposed to be using Venmo to collect rent, since we had a personal account and not a business account.
c) Even thought you would think the convenience of Venmo would make rent-payment more dependable, I still found that I had to text certain tenants on the 4th of every month and say "Dude, you forgot to send Venmo".
d) Now that I hired a bookkeeper, they keep track of tenants through individualized Quickbooks categories. This means my bookkeeper needs to be able to quickly confirm which tenants have paid each month. Unfortunately, when you make a Venmo deposit into my bank account(s), the online bank ledger just reads "Venmo deposit $1000 on 5/2/20" without showing my bookkeeper which tenant was responsible for the payment. This meant that my bookkeeper had to log in to my Venmo account and scroll through my feed to cross-reference who had paid on that date.
Cozy does FREE, MONTHLY, RECURRING, BANK-TO-BANK TRANSFERS ON THE 1ST OF EVERY MONTH. Now, on the 1st of the month, I immediately and automatically get all rents from tenants. It auto-withdraws, the same way an ACH student loan payment would. On top of this, it comes into my bank ledger with the tenant's last name included ("Cozy payment, Johnson, $1000") so that my bookkeeper can easily see whose account gets credited.
@@brycestewart4240 thanks for your response, and it's honestly astounding to accomplish what you have but all the more so to have done it without a huge team (something that seems inevitable and daunting from my position). Can I use your website to reach out to you via your Contact form? I'd love to talk some more. If you're (understandably) busy, just say the word. And, lastly: I can appreciate the color coordinated books in your office. Take care and stay safe.
@@agrms Ha!! My wife did that! My dad already made fun of me for it!
@@brycestewart4240 she's the admin, right? Organized, analytical. Sounds like my wife. We're lucky to have them!
@@brycestewart4240 hidden treasure! Thanks
Great distinction between who owns the property and who owns the loan. Needed to hear that! Thank you!!
Great podcast! Everytime i learn something new when I watch these podcasts. Thank you!
Glad you learned something from it!
@1:07:30 advice to newbies whose spouse don't want us to invest. GREAT advice. And it might also not hurt to use the same "package" you would show to an investor (your BP evaluation information) to show them you have thought it through and and it is viable and profitable.
This is one of the BEST interviews on this channel! Thank you!
you can tell this guy is a teacher! a great one too! long her explaining! very real person
Bryce the way you speak is definitely like a teacher. Good teachers make everything digestible in bite sized pieces. I'm a teacher myself, and I often find myself frozen in inaction because everything is so different. We're trying to buy our first investment home and I feel like even though we've watched so many BP videos that we barely know what we're doing. It's scary but we're trying.
I want to like this one several times, it's very informative!
This man is so down to earth personable. Great cast.
Brice is the man , glad he did another show !
Thanks! It was fun!
Such a good episode. Bryce laid our investing tactics like the teacher he is! So well outlined and easy to understand for new investors.
Great interview with Bryce!
Thanks man!
By far one of my favorite guests
When a good teacher explains it it is learned.
HOMEWORK:
(27:15)
look up agreement of sale for your state
-print out
-read through 7-10 times
-on 10th time
*highlight each section you don't understand
Fairly simple task for us here in Louisiana, since our form in only 9 pages! But still very helpful and useful info to have!
I love the idea of reading an agreement 10 times. I'm experienced and I'm going to do that. I'm sure I'll learn something.
Nice! Can't hurt. Teachers beginners what they are actually doing/negotiating when they offer.
This guy is gold. Great show
Thanks Jillian!
So true about the paper sitting there! I have some self storage units going to auction, I dread it so much that the papers have been sitting by my printer for over a week. Today I realized I just need to get them started, and as usual it ended up being much less time and easier than the anticipated dread makes it seem. Thanks for the worker's comp tip! I have a friend getting on my facility's roof later this week, working on getting that form now
Awesome. Don't you ever forget it!
This was a really good podcast, thanks Bryce for sharing your experience. I really want to start doing the same and this podcast puts me in the right direction. I’m from Allentown and is good to see someone from the area doing it!!
43:06. I love his approach. Good head on the shoulders
It felt scary at the time!
Great video! 👏🏼🎬
We need more people and videos like this 🤯
Good information, thank you for explaining so much of this business & your testimony of the problems you incurred.
Great podcast heard it the first time he was on thank you?
The song LOL love it!
I love REAL teachers...They humble their own intelligence to transfer knowledge to you. Beautiful! Thank you!
Teachers are heroes! Especially in this environment. I loved many aspects of teaching, and hold only warm feelings toward all of my past colleagues and students. Reminder: IT IS COMPLETELY FREE TO CONTACT YOUR CHILD'S TEACHER AND ENCOURAGE THEM, THANK THEM, SUPPORT THEM. Seriously. Even if you don't like them or are disappointed with their consistency or ability - it still costs nothing to reach out positively; there's only upside.
Do you guys offer a personal adviser or mentor for noobs starting completely from scratch?
What an awesome show ! Thank you
This episode is prefect for a new investor. Thanks for teaching at the elementary level.
Sadly... TODAY was the day I needed to hear this!!!
Fantastic gems of knowledge!
Thanks Jeni!
The Newbie tip of the week! Impart some investors wisdom... Getting it done like a pro..
Thanks!
Thank you for breaking this down ⭐
This is also great advice if you are moving to an area with high property taxes. I did this when I moved to my township and got my taxes decreased by $4000
THIS.....THIS is the way you guys should teach folks about real estate. I love BiggerPockets but you assume too much about folks who are trying to learn what you are trying to teach them. Great podcast.
Thanks, Kevin! You wouldn't believe how many conversations I STILL begin by saying "ok, I'm not very smart - so you're probably going to have to repeat everything twice for me to understand it." My other go-to is "I heard the words you just said...can I clarify out loud, back to you, to make sure I understood?"
@@brycestewart4240 I'm married to a Superhero (a teacher) and she has to dumb things down for me as well. I total appreciate your manor of thinking. Thanks for the reply. It's almost like getting a retweet. :)
After the AOS , what's the next step, a mentor?
Hey, BTW I eat the rind. Pickled Watermelon Rind is a Thing, and it is delicious. You gotta try it when you get the opportunity.
This is quite an inspiring and informative video. I need to “vacuum the truck” so to speak. I’m brand new and need to figure out how to get started investing in this crazy economy while living in New England.
Just downloaded Think and Grow Rich, by Napoleon Hill as mentioned at 1:18:42. This book is absolutely amazing! So much useful content! Recommend to all! It was published in 1937 during the Great Depression! And it is now in the public domain, so is free to download.
Awesome interview and excellent advice.
Question: Do you need sub-Contractors and the contractor that hires them to fill out the work comp form? or is the the contractor that hires other fill out work-comp form.
“You start investing into real estate since you start saving up for the down payment.”
That really changed my perspective!
I enjoyed this podcast. Bought Bryce's book. Looking forward to the read. Thanks for the info.
W•H•A•T•S•A•P•P• +1 =8=1=5=2=4=2=5=0=8=7= To E•A•R•N H•U•G•E• P•R•O•F•S F•R•O•M• C•R•Y•P•T•O•C•U•R•R•E•N•C•Y T•R•A•D•E:
Great interview. Question- refi the property at higher appraisal value could negatively impact your cash flow. If so, do you have to bring in more cash or rental income to get the refinance approved?
Awesome job , I found more value and knowledge in this podcast than most other investment you tubers👍
21 year old art major here recently obsessed with passive income and investment videos as my career path gives me no peace of mind! Most of these videos seem way too complex for me as I’ve no previous knowledge of finances. I really enjoy his break down. Feels like very good new knowledge to have