In this week's episode of The Crushing Debt Podcast, we talk to our friend and fellow attorney Scott Smith with Royal Legal Solutions, and host of the Real Estate Nerds podcast.
Scott and I discuss asset protection issues for real estate investors, but could be used by any business owner, entrepreneur, or solopreneur.
Specifically we talk about:
- Business owner protecting themselves from frivolous lawsuits.
- How a business owner can quickly implement asset protection.
- Top techniques for asset protection.
- Pros and cons of insurance protection.
- Series LLC protection.
Text "Royal" to 474747 to get Scott's Top 10 things you need to know about asset protection. Visit his website, www.RoyalLegalSolutions.com. Also subscribe to his show, Real Estate Nerds, available on all major podcast players.
On this week's episode of the Crushing Debt Podcast, I want to talk about real estate investing, specifically:
- Entity Structuring (LLC v. C-Corp v. S-Corp)
- Subject-to Transactions / Due on Sale violations
- Wrap-around Mortgages
- Using Florida Land Trusts
- Investing Podcasts I listen to regularly
- Investing in distressed properties
Please listen to the episode if you want to learn how to obtain a free copy of the Crushing Debt Book!
In this week's episode of The Crushing Debt Podcast, we interview our friend Scott Carson of We Close Notes. We first met Scott at Podfest 2018 and look forward to spending time with him again at Podfest 2019. We were also happy to be a guest on Scott's Show - The Note Closers show.
Scott buys and teaches others to buy non-performing debt at a discount, and then negotiates to help people stay in their homes (or leave with dignity and little to no liability).
Scott and I discuss what types of loans Scott buys (from big banks, from private investors, etc.), why bad debt may be good debt, old loan modifications that may turn into bad debt, and different types of loans.
To contact Scott, visit www.WeCloseNotes.com or email Scott at Scott@WeCloseNotes.com.
In this week's episode, we interview Ryan Abremski, Director of Business Development for Executive Care, a home care company.
Health care costs are one of the main reasons that someone files for bankruptcy. As we age, health care becomes an increasing concern. But what if we're still "young" and need a bit of help around the house while recovering from surgery, or if we have some medical issue that prevents us from taking care of ourselves in the home.
Ryan's company helps to take of us in our home. He assists people with short term or long term care, for everything from assistance to people with disabilities, to surgery recovery.
In looking back on last year, I accomplished many of the goals that I set for myself. In this week's episode of The Crushing Debt Podcast, I lay out my system for setting and accomplishing those goals.
In this week's episode of The Crushing Debt Podcast, I talk about a few tips to help you budget.
As I've always said, there are two ways to get more money - increase income and decrease expenses. In this week's episode, I talk about ways to use your budget to do both.
- Tips to increase the amount of money you receive each payroll
- Tips to decrease monthly expenses
In this week's episode of The Crushing Debt Podcast, I have a return guest.
Rob Kellog is my guest this week. Rob is the host of the Brewin Up Business podcast. Rob and I, over a few adult beverages, discuss intellectual property law and at what point should you apply for a trademark and what that process entails.
One of the questions I'm asked most often, "What is the difference between a Chapter 7, Chapter 13 and Chapter 11?" This week's episode answers that question.
Chapter 7 is called liquidation. The Trustee will take any non-exempt assets, turn them into cash and pay off creditors. If all of your assets are exempt (protected) the creditors get $0.00.
Chapter 13 is called reorganization. The Trustee will pay your creditors based on any disposable income you have (or based on the value of any non-exempt assets, whichever is greater).
Chapter 11 is also a reorganization, but it is for businesses that want to reorganize, OR it is for individuals that don't qualify for Chapter 7 (because they have income or they have non-exempt assets), OR it is for individuals that don't qualify for Chapter 13 because they have too much debt (there is a limit to the amount of secured and unsecured debt you can have in a Chapter 13).
The main point of today's episode is to consult with a bankruptcy attorney in your area if bankruptcy might be an option. If you want me to help connect you to a bankruptcy attorney in your area, please contact me at www.yesnerlaw.com or email@example.com.
This week's episode of The Crushing Debt Podcast is our fourth (or third and a half) interview with our friend Tiffanie Kellog.
Tiffanie and I discuss a question I've tackled over the last few episodes - what are some tactics to motivate referral sources who are all the same profession? How do you give back to a group of similar professions that all refer you business.
There are 16 different relationship builders. While we don't focus on all 16, some that we discuss:
- Featuring your referral source on a podcast, YouTube Video, co-author an article, or newsletter.
- Set up a speaking engagement for your referral source.
- Advising or Advice seeking
- Giving or collecting Testimonials (especially those that speak to a common objection a client may have to hire you).
- Calling your network to simply ask "How are you doing?"
- Doing fun events together
Tiffanie has a 13-week video program called "Thirteen weeks a Month" to help you save a few minutes here or an hour there. The goal of the program is that you gain 13 hours a week, which creates an additional 28 days of time saved - or one full month, so that you have 13 months in a year. To register for the 13 Months a Year Program visit https://tiffaniekellog.com/13monthsayear
Also remember to subscribe to Tiffanie's (and Rob's) podcast - Brewin' Up Business at http://brewinupbusiness.libsyn.com/website
I've always said that there are two way to create money to pay down or pay off your creditors: (1) make more money, or (2) cut expenses.
One of the ways I've been able to make more money is through word of mouth networking, and many episodes of the Crushing Debt Podcast discuss networking topics.
Some episodes that talk about networking in general are 133 (FinCon2018), 33 (Business Card Graveyard) and 17 (Running and Goal Setting).
Every 6 months, my community has a garage sale, which is a great place to practice your sales skills - episodes 118, 86 & 68.
I've got episodes on living a spectacular life with the Asentiv program - 76, as well as word of mouth networking with Tiffanie Kellog (episodes 48 & 12).
Jason Avery with Constructing Success is episode 8.
Why I do what I do is episode 5.
I also talk about the difference between generating a referral versus an introduction to a referral source. I talk about tips and strategies to network at events and one-to-one. Finally, I talk about a question we'll tackle on a future episode - "feeding" multiple of the same type of referral sources.
In this week's episode of The Crushing Debt Podcast, I take a look at the different reasons our clients come to us for bankruptcy protection:
These types of debts do not discriminate between Chapter 7 & 13, and neither chapter necessarily better or worse to deal with these debts (look for a future episode on the difference between Chapter 7 Liquidation and Chapter 13 Reorganization, or check out our blog).
In this week's episode of The Crushing Debt Podcast, I talk about a topic requested by our listeners - divorce, real estate and debt.
While I've talked about each of these subjects in some manner, this is the first episode dedicated to the intersection of all three.
What should you know about real estate that you jointly own with your ex? What should you know about debt that you jointly owe with your ex? How did you take title when you were married and how does that impact the debt, and then the divorce? We explore all of these topics.
I would appreciate if you would share this episode with someone you know who is getting a divorce, or thinking about a divorce. We do not practice family law, but can help the divorcing couple to figure out what they can do with their home and debt. You can reach me at Shawn@YesnerLaw.com or www.YesnerLaw.com.
In this week's episode of the Crushing Debt Podcast, I interview Conor Richardson, author of The Millennial Money Makeover book which will be released on Jan. 1, 2019, so order your copy now at www.MillennialMoneyMakeover.com. Conor is a CPA and Author who earned his Accounting and Finance Degree at the University of Georgia. Once he obtained his Masters of Accounting degree from Villanova and became a CPA, Conor moved to New York to work with Deloitte & Touche, and now lives in Austin, Texas, as an entrepreneur.
As the title suggests, the book is written from the perspective of a Millennial's approach to money. Conor's story is a turnaround story on debt, and alignment of goals. Although geared towards Millennials, the book could be read and utilized by all the different generations.
To reach Conor directly, Conor@MillennialMoneyMakeover.com.
Happy Thanksgiving from The Crushing Debt Podcast and Yesner Law!
I recorded this episode while waiting for my open house to start. The open house was a celebration of my 20 years practicing law, so it provided a great opportunity to review 2018. I also provide some insight into how I set and track goals. I also look forward to 2019.
In this week's episode of The Crushing Debt Podcast, I talk to the Cash Wise Ex Wives, Kayla Sloan and Shanah Bell. I met Kayla and Shanah at FinCon 2018 in Orlando a few months ago.
Kayla and Shanah are both divorced themselves and met at FinCon 2017. They talked about their journey of divorce and debt and, although each had their own business, they had people continue to come to them asking for help with their divorce and money issues.
So they started www.CashWiseExWives.com, a membership site with resources to help both men and women handle issues of divorce and money.
You can reach Kayla and Shanah at their website, or follow them on Facebook - Facebook.com/cashwiseexwives, Twitter - @cashwiseexwives, or by email - firstname.lastname@example.org. While they are not attorneys, they do have considerable resources (including introductions to attorneys) who can help you with questions surrounding debt and divorce.
I have another returning guest with this week's Crushing Debt Episode. Barb Hennessy was a guest WAY back in episode 37. Today Barb is back to talk about her role as Director of the BSW Academy USA, Inc. and how she helps as an interventionist for PTSD.
Barb helps people with depression and suicide, anxiety, and special needs. For more information, contact Barb at Barb@TheJoyWithin.us or any of the following:
On this week's episode of The Crushing Debt Podcast, we're happy to have a returning guest, Brian Morris, the Profit Prophet.
We last spoke with Brian in Episode 57 and, since then, Brian has had a shift in his business model. Today, Brian works with companies to help them find the best service providers in 5 areas of concentration: Direct Costs, Qualification for Grants, Work Flow Processes, Risk Mitigation and Growth Potential. Brian will analyze, advise and connect. Best of all, Brian doesn't charge the customer! Either the customer likes working with the service provider Brian refers, or Brian will find a new service provider. Either the customer saves money, time or efficiency working with the service provider Brian refers, or Brian will find a new service provider.
Check out Brian's website for more information: http://www.dbrianmorris.com/the-process.html
or connect with Brian at email@example.com.
In this week's episode of the Crushing Debt Podcast, we talk with fellow attorney, fellow author, and fellow FinCon2018 attendee Leslie Tayne.
Leslie is a New York attorney. In addition to her practice (similar to ours) that covers many aspects of debt elimination, Leslie wrote a book called Life & Debt which you can pick up on Amazon. You can also visit her website at www.taynelaw.com or email her at LTayne@TayneLaw.com.
If you live in New York and are being harassed by creditors, definitely contact Leslie's office. In addition, while Leslie's main office is in New York, look for her to expand soon into Southeast Florida, which she also discussed in this week's episode.
On October 29 & 30, 2018, I have the honor of speaking at the Buy It, Rent It, Profit! Multi Family Summit at the Holiday Inn Westshore.
In this week's episode of the Crushing Debt Podcast, I speak to the host of the event, best-selling author, real estate investor, and thought leader in property management and multifamily housing, Bryan Chavis.
While this month's event is at the end of October, 2018, Bryan's intent is to promote this seminar throughout Florida, and later across areas of the United States, so please look for us even if you miss this month's event.
You can find more information at:
Bryan has written two books: Buy It, Rent It, Profit! and the Landlord Entrepreneur, both available through Simon & Schuster.
In this week's episode of The Crushing Debt Podcast, we interview Monica Shah, MBA, Money and Marketing Coach.
Monica was $25,000 in debt until she changed her money mindset. She now helps her clients eliminate debt through her Money Making Marketing Calendar
In this week's episode, I talk to Monica about her steps to get out of debt:
1. Review your numbers
2. Track you numbers
3. Do Revenue Generating Activities: (a) speaking, (b) sponsorships, and (c) webinars.
4. What is your Planning / Sales Cycle?
5. Rinse & Repeat.
For more information, and to see how Monica can help you create a revenue breakthrough, visit her website at www.revenuebreakthrough.com/marketingcalendar.
This week's episode was recorded when I presented to a group of Realtors at Become a Better Agent 28 ("BABA") which is an educational seminar hosted by Insured Title Agency and Synergy Title here in Tampa Bay.
BABA’s purpose is to identify the needs of an ever-changing market and meet those needs more effectively through disruption, innovation and creativity. If you're in the Tampa Bay Area, definitely check out the next BABA.
The first part of the episode is my description to the crowd of the Freddie Mac Exclusionary List - what it is, how someone gets on it, and how we can help real estate professionals off of the List.
The second part of the episode is Kevin Overstreet and me talking about "Who is Your Seller" in a situation where the parties are being divorced, or one spouse is deceased, or a trust, or where one spouse signed the note but both are on title or on the deed.
When this episode is first released, I will be attending FinCon 2018 in Orlando, so I thought I would do an episode about how I network at a large event.
I talk about tips, tricks and strategies to maximize your attendance at an event. What are your goals? What do you want to accomplish? How will you know that the conference was a success? Who do want to meet with? What attendees? What speakers?
In addition, I have an exciting announcement - the Crushing Debt Book is out on Amazon!
I've often talked and blogged about the Freddie Mac Exclusionary List. This week's episode of The Crushing Debt Podcast focuses, again, on tips, techniques and strategies to come off of the List.
A real estate professional (Realtor, Mortgage, Buyer, Seller, Investor, Title Company, Attorney, Inspector, Appraiser, etc.) who finds themselves on the Exclusionary List cannot participate in a real estate transaction where Freddie Mac (Federal Home Loan Mortgage Corp or FHLMC) is a party.
We have been successful in getting people off of the Exclusionary List. To be fair, we have also been unsuccessful in getting people off of the List, but we have many more approvals than denials. You would be a HUGE help to Yesner Law if you would please share this episode with any Mortgage Officer that you know - they have access to the List and can refer us people who find themselves on the List.
In this week's episode of The Crushing Debt Podcast, we make our first venture into the topic of Blockchain technology and crypto currency with Joseph Snyder and Chris Brown.
Joseph is the CEO of Lannister Holdings and Chris is the CTO (Chief Technology Officer). You can find out more about them at www.LannisterHoldings.com.
Lannister Holdings is a fiscally conservative, publicly traded holding company listed on the OTC market (OTC: NBDR). On this week's episode, I talk to Joseph and Chris about how Lannister Holdings acquires, develops and holds blockchain technology.
This week's guest on the Crushing Debt Podcast is Claudia Mitchell-McLeod with Next Level Financial Partners.
We met Claudia through our friend Robin Lavitch of Surpass Your Goals (you can hear Robin on Episodes 92 and 98 - or follow us on Facebook where we will post links to those episodes).
Claudia has been in Financial Services since 2000, starting as a benefits administrator and then moving into human resources. Her passion is working with women.
Claudia's next Vision Board seminar is September 15, 2018, at her office in the Kennedy Room, you can sign up and get more information by visiting her website at www.NextLevelPartners.com, or CMitchellMcLeod@financialguide.com.