How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
How to Turn a CASH COW Business into Steady CASH FLOW in Retirement! with Chris Lewellen
enOctober 08, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
In this episode, I have the pleasure of hosting Chris Lewellen. He is the president of the famous Waldo and Brookside restaurants, The Well Bar Grill & Rooftop, Lew's Grill and Bar, and Charlie Hooper's Bar. Chris is among the few people that are not afraid to take risks.
Chris started as a restaurant and bar owner, and he later realized that the business wasn't enough to build him the legacy he has always wanted. His dream to build a community legacy drove him to use real estate as an investment vehicle. From his portfolio, it is easy to point out that he is doing well.
In this episode, Chris Lewellen will be taking us through his entrepreneurship journey, how he joined the real estate world, his father's legacy, the legacy he is building for his family, among other things.
Chris shares some essential nuggets of wisdom that we cannot afford to miss. If you are a restaurant owner or entrepreneur looking to expand your business, it would be great if you listened to this episode.
Key Talking Points of the Episode:
[01:29] Getting to know about Chris's upbringing
[02:27] What bred Chris's love for the Kansas city?
[03:55] Chris's influences growing up
[05:56] Chris's first business
[08:47] Chris's partnership with his brother
[17:35] How Chris got the liquor license for The Well Bar Grill
[24:07] What led Chris to buy Charlie Hooper's?
[32:51] How Chris has used real estate as an investment vehicle
[36:14] Chris's portfolio
[37:38] How Chris built his financial friends
[40:10] How to spot real estate opportunities
[44:29] What is Chris teaching his children about entrepreneurship and real estate, and how has that impacted his family?
[50:29] Wrapping up questions
[54:36] A mistake that happened in Chris's life that he wishes he could go back and change
Quotable Quotes:
"There's a good chance that you're going to fail, but you got to keep coming up."
"10 things that you try in business, you're going to fail at nine of them, but the one you succeed on is going to pay for the nine failures 10 times over."
"Take your active cash flow, throw them into buildings that will appreciate over time."
"A vision without execution on the back end is hallucination."
"I got my entrepreneurial spirit from my dad, but I got my business sense from my mom, because she taught me what to do in business."
Connect with Chris:
LinkedIn: https://www.linkedin.com/in/chris-lewellen-5698ab6/
Twitter: https://twitter.com/thebiglew?lang=en
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
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How agents can take advantage of the real estate market.
What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023