228: Value of Cash Flow with Ryan Smith

Published: July 15, 2019, 2 p.m.

b"Ryan Smith brings with him more than fifteen years of extensive business experience in market evaluation, property analysis, management systems, due diligence, finance, and more. Mr. Smith and his\\xa0affiliates co-manage multiple investment funds, which specialize in investing in manufactured home communities (MHCs), and participates in the ownership and/or management of over 20,000 MHC lots.
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\\nRyan graduated from the University of Tampa with a Bachelor\\u2019s of Science in Computer Science. An athlete, he was highly recruited for both baseball and basketball and was drafted as a senior in high school by the Baltimore Orioles, and again in college by the Anaheim Angels. Ryan pursued his athletic talents by playing baseball throughout his college experience.
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\\nHis foresight and ability to communicate the state of the marketplace has propelled him to be a featured commentator alongside the likes of Mayor Rudy Giuliani, General Colin Powell, and other notable individuals. \\xa0He currently is on the board of Young Life College \\u2013 UCF and is a member of the Advisory Board for the National Christian Foundation\\u2019s Orlando chapter. Ryan lives in Orlando with his wife and two children.
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\\nKey Points
\\nWhy it is nearly impossible to earn yourself rich
\\nCash flow vs. the value of cash flow
\\nWealth creates income; income doesn't create wealth
\\nFocus on the lesser-taxed part of the income equation
\\nSuccessful syndication secrets
\\nThe incredible value of a stigma \\u2013 mobile home parks
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nThe biggest hurdles are what you don't know. Ryan used his resourcefulness to clear many of those hurdles, and built relationships with people who he could look to for help.\\xa0
\\nDo you have a personal habit that contributes to your success?
\\nRyan is a believer in taking the next best step.\\xa0
\\nDo you have an online resource that you find valuable?
\\nDrudge Report
\\nWhat book would you recommend to the listeners and why?\\xa0
\\nRight Away and All at Once\\xa0 by Greg Brenneman
\\nIf you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?
\\n\\xa0Go forward and listen to this exact podcast.\\xa0
\\nResources
\\nElevation Capital Group
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\\nVisit Audible for a free trial, and a free audiobook download."