We'd love to hear from you. What are your thoughts and questions?

In this episode, Allen Lomax interviews Joel Kraut, a seasoned private lender and mortgage broker with over 20 years of experience in the real estate financing sector. The conversation delves into the complexities of lending, particularly in scenarios where traditional banks often decline loans. Joel shares his insights on the evolution of the lending industry, highlighting how perceptions have shifted from viewing hard money lenders as 'evil' to recognizing them as essential partners in real estate investment. He emphasizes the importance of understanding risk, responsibility, and the strategic use of leverage in building wealth through real estate.

Joel also discusses the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat), sharing his personal journey and the lessons learned from both successes and failures in the real estate market. He stresses the significance of disciplined financial planning, the dangers of excessive leverage, and the need for investors to conduct thorough due diligence. The episode concludes with Joel's perspective on what true wealth means, advocating for a personalized approach to financial goals and the importance of actionable planning in achieving long-term success.

Main Points:

• Lending has evolved from being seen as predatory to a valuable business solution.
• Understanding risk is crucial; losing is part of the game, but being unprepared is not.
• Leverage can be a powerful tool if used judiciously and with proper cash flow management.
• The BRRRR strategy can lead to significant growth if executed correctly, but it requires careful planning.
• True wealth is about having control over your time and financial freedom, not just accumulating money.

Connect with Joel Kraut:

• jkraut@brrrr.com
• https://www.brrrr.com/
• FB: Brrrr_Loans
• Insta: @brrrr_loans
• YT: Brrrr_loans
• Tiktok: Brrrr_loans
• New course coming Q1 of 2026 -- training.brrrrmasters.com

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Ron Kmetovicz shares his insights on financial independence, emphasizing the importance of multiple income streams, responsible investing, and the lessons learned from his life experiences. He discusses the inspiration behind his book, 'Ghost Money,' and outlines key principles for achieving financial success, including behaviors to avoid and adopt. The conversation highlights the significance of mentorship, consulting others, and finding passion in work as essential components of building true wealth and independence.

Main Points:

• Financial independence is achieved through multiple income streams.
• Legacy and mentorship are important aspects of financial education.
• Keep financial principles simple and focused.
• Avoid pride and seek advice from knowledgeable individuals.
• Hard work and passion are essential for success.
• Educate yourself continuously in your field of work.
• Balance work and enjoyment in life.
• Discipline in spending is crucial for financial health.
• Live modestly to allow for investment opportunities.
• Investing skills can be learned over time.

Connect with Ron Kmetovicz:

• ron@ghostmoneythebook.com
• https://ghostmoneythebook.com/
• X: @ghostmoneyedu

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Derek Barker, CEO of Nectar, discusses the challenges faced by real estate operators in accessing flexible capital. He explains how Nectar provides innovative financial solutions that empower operators to scale their businesses without sacrificing equity or control. The discussion covers the importance of capitalizing companies, risk management strategies, and the future of flexible capital in the real estate industry. Derek emphasizes the need for more capital in the market to unlock housing supply and highlights the opportunities for growth in this sector.

Main Points:

• Derek Barker is the CEO of Nectar, a fintech platform for real estate.
• Nectar provides flexible access to future cash for operators.
• Real estate operators face significant challenges in accessing capital.
• Traditional capital sources are often unavailable for small operators.
• Nectar's model allows operators to avoid selling equity or refinancing.
• The importance of cash flow and low leverage in real estate investments.
• Nectar focuses on experienced sponsors with proven business models.
• The future of real estate capital markets is evolving with technology.
• Unlocking supply in real estate requires addressing land, labor, materials, and capital.
• There is a significant opportunity to finance small and medium-sized real estate companies.

Connect with Derrick Barker:

• derrick@usenectar.com
• https://www.usenectar.com/
• https://www.linkedin.com/in/derrickbarker

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Rick Peck discusses the deeper meaning of philanthropy, emphasizing that true generosity is rooted in values and personal fulfillment rather than mere financial transactions. He shares insights on how to guide individuals and families in crafting intentional giving plans that align with their values and desired impact. The discussion also highlights the importance of collaboration among financial advisors, estate attorneys, and philanthropic advisors to create a holistic approach to philanthropy. Ultimately, the conversation underscores the significance of meaningful conversations and self-reflection in the journey of giving.

Main Points:

• Generosity is about meaning, not just money.
• Fulfillment often comes from making an impact.
• Understanding personal values is crucial in philanthropy.
• Crafting a giving plan requires thoughtful reflection.
• Advisors should facilitate intentional conversations about values.
• Philanthropy involves a holistic ecosystem of support.
• The five T's of giving can enhance impact.
• It's important to know what impact looks like for you.
• Legacy planning should include family discussions.
• Meaningful conversations can strengthen generational bonds.

Connect with Rick Peck:

• thephilanthropyguy@gmail.com
• https://www.thephilanthropyguy.com
• https://www.linkedin.com/in/richard-peck/
• https://www.facebook.com/people/The-Philanthropy-Guy/61550822280346/#
• https://www.instagram.com/rick_peck_the_philanthropy_guy/
• https://www.youtube.com/@ThePhilanthropyGuy

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Tim Street, a Marine veteran and real estate expert, shares his transformative journey and how he empowers homeowners to sell their properties without traditional agents. He discusses the pitfalls of the conventional real estate model, introduces the concept of the '$30,000 agent tax', and provides practical strategies for homeowners to navigate the selling process confidently. Tim emphasizes the importance of understanding the market, pricing strategies, and mitigating risks associated with selling a home. His mission is to equip homeowners with the knowledge and tools to preserve their equity and make informed decisions.

Main Points:

• Tim's journey was shaped by transformative experiences in the Marine Corps and fatherhood.
• Failure can be a powerful teacher, leading to personal growth and purpose.
• Tim's mission is to empower homeowners to sell without traditional agents.
• The '$30,000 agent tax' represents the hidden costs of using real estate agents.
• Homeowners can mitigate risks by being proactive in the selling process.
• Understanding appraisal gaps and inspection issues is crucial for sellers.
• Homeowners should leverage their knowledge of their property to price it effectively.
• Strategic underpricing can create urgency and competition among buyers.
• Tim offers resources and courses to help homeowners navigate the selling process.
• The ultimate goal is to help families create memories and legacies through financial empowerment.

Connect With Timothy Street:

• tim@foolprooffsbo.com
• www.foolprooffsbo.com
• Take the suitability quiz - www.foolprooffsbo.com/quiz
• https://www.linkedin.com/in/timothyjstreet/
• www.facebook.com/foolprooffsbo
• instagram.com/foolprooffsbo
• youtube.com/@foolprooffsbo
• tiktok.com/thefsboguy

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Kent Ritter shares his journey from a management consultant to a successful real estate investor, emphasizing the importance of family, partnerships, and strategic decision-making in business. He discusses the pivotal moment that led him to leave the corporate world, the lessons learned while scaling his multifamily business, and the significance of bringing property management in-house. Kent also highlights the value of hiring the right people and creating a strong company culture, as well as innovative approaches to property renovations.

Main Points:

• The decision to leave a corporate job was driven by a desire for family time.
• Scaling a business requires effective partnerships and delegation.
• Long-term thinking is crucial in real estate investments.
• Bringing property management in-house can enhance performance.
• Hiring the right people is essential for business success.
• Company culture should align with core values.
• A one-day renovation process can be efficient and cost-effective.
• Understanding risk-adjusted returns is key to successful investing.
• Avoiding bad deals can save significant money in the long run.
• Success in real estate often comes from steady, incremental growth.

Connect with Kent Ritter:

• kent@hudsoninvesting.com
• https://hudsoninvesting.com/
• https://www.linkedin.com/in/kentritter/
• https://www.instagram.com/ritteronrealestate/
• https://www.youtube.com/@ritteronrealestate495

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Kelle Sparta discusses her recent acquisition of MindBodySoul Magazine, detailing the journey that led to this transition, the business model, and the vision for future growth. She emphasizes the importance of partnerships, the integration of spirituality with business, and the strategies for creating a sustainable and ethical business model. Kelle also shares her excitement about bringing new content and research to the magazine, aiming to engage readers at a deeper level.

Main Points:

• MindBodySoul Magazine has been around for four years.
• Kelle Sparta acquired the magazine to help it grow and thrive.
• The magazine targets affluent women aged 40-60 interested in health and wellness.
• The business model focuses on advertorials and online presence.
• Kelle emphasizes the importance of partnerships in business.
• They plan to expand distribution to high-end hotels and country clubs.
• Kelle's background includes spiritual coaching and business development.
• The vision includes creating a sustainable and ethical business model.
• They are seeking investment to hire sales staff and expand the brand.
• Kelle aims to bring the latest health and wellness research to readers.

Connect With Kelle Sparta:

• kelle@kellesparta.com
• MindBodySoul.media
• https://www.linkedin.com/in/kellesparta/
• https://www.facebook.com/kellesparta
• https://www.instagram.com/kellesparta/
• https://www.youtube.com/channel/UC0jXbllhVlDcHRqMSQpR2DQ
• Tiktok: @KelleSparta

We'd love to hear from you. What are your thoughts and questions?

In this conversation, Scott Harris discusses the often overlooked emotional aspects of the home buying experience, emphasizing that while the transaction is straightforward, the emotional journey can lead to buyer's remorse and dissatisfaction. He highlights the need for more open discussions about these feelings to better prepare future buyers.

Main Points:

• The emotional journey of home buying is often ignored.
• Many buyers experience remorse after their purchase.
• There is a lack of discussion about the emotional aspects of buying a home.
• Understanding buyer's remorse can help future buyers.
• Scott wrote a book to address these hidden emotions.
• The home buying process is not just a transaction.
• Buyers often feel dissatisfied with their outcomes.
• Emotional preparation is crucial for home buyers.
• The conversation around home buying needs to change.
• Acknowledging emotions can lead to better buying experiences.

Connect with Scott Harris:

• scott@magneticre.com
• https://www.linkedin.com/in/harrisresidential/
• https://www.facebook.com/ScottHarrisResidentialTeam
• https://www.instagram.com/scottieharris/
• https://x.com/scottieharris
• https://www.youtube.com/@magneticre
• https://www.tiktok.com/@scottharrisfindinghome