Why Shiny Objects Are a Bad Idea with Jim Manning

Ever wondered how ordinary folks like us build empires in the world of real estate? Terrie sits down with Jim Manning to unravel the secrets behind his journey from the ground up!

 

In this episode, Jim reveals the details of his initial experience working for a self-made billionaire, divulging the intricacies of his early days in the real estate industry. Whether it's flipping houses or maneuvering through the complex landscape of real estate, Jim guides us through the progression of his investment career.

 

Terrie and Jim simplify the differences between rent-to-own and lease purchase strategies, breaking down complex concepts for everyone to understand. 

 

Tune in, learn, and let's build those real estate dreams together!  

 

What we learned from Jim Manning and Terrie Schauer in this episode:

 

- Property Pivot: Where Evolution meets Real Estate Revolution

- Mastering Money Moves: Your Financial Strategy Shift for Ultimate Prosperity

- Leverage Riches: Unveiling the Power of Private Lending Strategies

- "Living Large, Spending Smart: Crafting Your Lifestyle with Financial Discipline

- Seizing the Moment: Navigating the World of Opportunity Costs with Precision

- Real Estate Allure: Magnetizing Success with the Irresistible Attraction to Property

 

Notable Words From The Episode: 

 

And maybe what we need to do is listen a little bit more to the strategies that functioned back then and try to reanimate them today because that's the reality of what's going on

 - Terrie Schauer

 

So having a discipline to take excess cash flows, and then invest into something else is absolutely critical and vital to becoming financially free.

- Jim Manning

 

Timestamp:

[00:00] Podcast intro

[00:54] Jim discussed his early experience working for a self-made billionaire.

[03:50] Jim discusses their evolution in real estate investing.

[05:57] Jim describes the complexity of their real estate business

[08:29]  Jim explains the evolution of their business model from flipping houses.

[10:00] Jim reflects on the challenges of funding growth within their real estate business

[13:54]  Terrie and Jim talk about the process of starting a fund in the real estate business

[17:44] Jim discusses a shift towards a more conservative investment philosophy as they've aged

[21:05]  Terrie and Jim clarify the differences between rent-to-own and lease purchase strategies

[25:08] Jim reflects on the evolution of their career, cautioning against the comparison game and emphasizing the importance of mastering one thing before diversifying.

[27:54] Terrie and Jim discuss the recurring theme among investors who prioritize capital reinvestment over luxury possessions.

[29:50] Terrie and Jim discuss the importance of adapting to market shifts and understanding historical trends in real estate. 

[36:23] Podcast Outro

 

Connect with Jim Manning here: 

 

Website: https://passivewealthshow.com/

 

Connect with Us:

 

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/