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Average Joe Finances
On this podcast we discuss how to create passive income from real estate, investing, side hustles and more. Our mission is to show people that financial independence is possible no matter their income level. This podcast is designed to be an educational tool to help you become financially independent. We want you to beat your debt, build your wealth, and control your future!
Average Joe Finances
247. Building A Real Estate Empire with Jim Manning
In the dynamic world of real estate investing, the journey of every investor has its unique twists and turns. However, evolving strategies and adapting to different situations have a key role in the recipe for success.
Join us on Average Joe Finances as our guest Jim Manning shares his early influences, including his pragmatic altruist approach to business and a transformative experience with a self-made billionaire that shaped his views on success and happiness.
What you’ll learn in this episode:
- Shift to buy and hold properties and long-term financial freedom
- Real Estate’s high return potential and opportunities for passive income
- Importance of careful consideration in investments
- Use of lease to own arrangements for community benefit
- And so much more!
Key Moments:
01:14 Jim's Early Career and Entrepreneurial Journey
01:53 Lessons from a Self-Made Billionaire
10:58 A Health Scare and a New Perspective
12:49 The Evolution of Jim's 'Why' in Real Estate
15:07 Shift to Lease Purchase Deals
19:13 Birth of a Real Estate Fund
20:11 Impact of Real Estate on Community and Investors
20:19 Future Plans and Expansion
24:15 The Power of Passive Income and Real Estate
24:47 Understanding Retirement and Cashflow
25:10 Risks and Rewards of the Stock Market
25:37 Impact of Social Media on Business
27:41 Stability of Real Estate Investments
28:15 Unpredictability of the Stock Market
29:30 Tangibility of Real Estate
30:01 Importance of Diversification in Investments
30:15 Strategy of Buy and Hold in Real Estate
30:41 Complexity of Real Estate Investment Strategies
31:59 Importance of Cashflow in Real Estate Investing
Find Jim Manning on:
Websites:
https://jimmanning.com.
Facebook: https://www.facebook.com/passivewealthshow
LinkedIn: https://www.linkedin.com/in/jimmmanning/
Youtube: https://www.youtube.com/@passivewealthshow
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
