The Sun Shak Show

What's up you guys. In this video I'm going to tell you how I got around the $25,000 mistake I made with my hard money lender.

In this podcast, I’m going to share the $25,000 mistake I just made on my latest acquisition.  Today, I’m going to tell you how I made a $25,000 mistake on a triplex I just bought and what I intend to do about it to lessen the blow.

In this podcast, I’m going to share 4 habits I’m quitting in 2022.  2021 was a growth year for me and I’m looking to bring that momentum into the new year.  For that to happen, there are some things I think I need to STOP doing.

In this video, I'm going to break down the value and debt associated with every single one of my current real estate investments.  

There are 7 properties in total so let's dive right in.

In this podcast, I'm going to tell you how I found an Architect for my very first new construction project.  

Based on conversations I had with other real estate investors, the most common way people find architects is through referrals.  

However, I decided to take a different route.  

Keep listening to learn about my 5 step process to finding an architect for your next fix and flip project.

I used to own a quick service restaurant franchise.  

We opened our doors to the public in 2014, and unceremoniously shut down the business in 2017.  

Although we were only operational for 3 years, I signed a 10 year royalty agreement with the franchisor.  

Naturally, a few months after we closed the business, the franchisor sued me for $60,449.91 to recover the royalties they would have collected over the remaining 7 years of my franchise agreement.

Kids are hella expensive! If you're a new parent and you're worried about the rising cost of education as well as providing for your child in general, I have the playbook for you.

Kids are hella expensive! If you're a new parent and you're worried about the rising cost of education as well as providing for your child in general, I have the playbook for you.

In this podcast, I'm going to tell you my favorite thing about being a real estate professional. Make sure to stick around for the entire video because what I share at the end will likely surprise you and might even get you to consider switching careers.  

In this podcast, I'm going to share a list of the top 10 hidden costs of buying real estate, specifically when it comes to buying an investment property.  I'll be using a duplex I bought back on June 25th, 2021 as the primary example.  The purchase price for that property was $485,000.  Stick around until the end of the podcast to find out how much this property actually cost me to buy and hold to this very day.  I think you'll be surprised!

In this podcast, I'm going to share my four favorite formulas when it comes to analyzing real estate investments. After sharing each formula, I'm going to explain how to calculate it and why I like it. Then I'll finish with a real-life example of how I use that formula in my portfolio.

On this podcast, I'm going to tell you how real estate investors can refinance their rental properties with a competitive rate and term while holding title in an LLC!

I'm going to tell you how my annoying business partners convinced me to sell our 3-family investment property with 4 simple arguments.  Our original plan was to BRRRR this property and keep it for the long haul, but it doesn't look like that's happening anymore.

We just walked through an abandoned 18 unit apartment building.  Even though the broker listing had A LOT of disinformation, we will be bidding on this property at Auction.  In this video, I'm going to go through everything we discovered during our walk-through and how I quickly underwrote this property to come up with my Max Allowable Offer.

I'm going to show you EXACTLY which motivated sellers lists I'm pulling off Propstream in September 2021.  I've been using Propstream since March of 21 and so far, we've landed two wholesale deals that should net $50,000 in assignment fees and two listings that should net another $10,000 in referral commissions.  In the past 7 months, we've spent just under $10,000 on our marketing efforts so our return on investment has been roughly 500%.

In this podcast, I'm going to do a BiggerPockets style deal deep dive into my 4-family investment property.

In this podcast, I share the law of the first deal as well as how I bought 11 rental units in 13 months using NONE of my own money.

Regrettably, I’m no stranger to loss. In late 2018, my crew from Penn State lost a member. Not too long before that, my family lost my mom’s oldest brother. The year before that, one of my cousins passed away.

These deaths came unexpectedly. Our world’s turned upside down at a moment’s notice.

Why am I telling you all this?

No one is safe from death. Not the rich, not the famous, not the beautiful, not even the young. We all know death is inevitable. We all accept it as a part of life. How many of us behave accordingly?

I had my last alcoholic drink on December 28th, 2014. I remember the date because that’s Dia’s birthday. That year, her birthday fell on the Sunday after Christmas. It also happened to be the day my entire extended family came together to celebrate the holiday at my parent's house.

After dinner, Dia and I gathered everyone in the kitchen. We announced our decision to have a destination wedding the following fall. Everyone was so excited.

After the congratulatory hugs, kisses, and handshakes, my dad motioned for us to follow him. He was saving a bottle of Johnny Walker Blue Label for a special occasion and this happened to be it.

I still remember looking down at that glass thinking, "This would make for an excellent last drink..."

It was.

The story doesn’t start or end there. I want to explain what lead me to the decision to stop drinking, how I adjusted to it, and the benefits I’ve enjoyed since.

Dia and I have a housekeeper. She comes every Monday to clean our home and do our laundry while we are at work. It’s the best. thing. ever. 

Completing household chores has been a point of contention in our relationship ever since we moved out of my parent’s place. I take full blame. I cannot help but keep score when it comes to completing tasks around the house.

I hate admitting this, but I get frustrated when I hit all of my daily responsibilities for the week, and Dia fails to do laundry or clean the bathroom.

I finally got to a point where I was tired of making my wife feel guilty for not doing her responsibilities. Especially when our social lives and my desire to be with her doing nothing were the main things preventing her from getting her part done.

After seeing the benefits, both tangible and intangible, Dia and I agreed: paying a housekeeper was worth every penny. If we had to tighten up our budget in the future, housekeeping would be one of the last costs we would cut.

At the end of the day, I’m really glad we decided to stick to the decision of outsourcing our housekeeping and laundry. I’m looking forward to bickering with Dia about more things neither of us want to do and ultimately outsourcing them.

In the first episode of the Sun Shak Show, I tell you my intentions behind this podcast. 

On this podcast, I plan on interviewing people that “make it look easy”. Now, what do I mean by that? We all know someone who is uber successful in one way or another. Maybe they have a thriving business, maybe they are in peak physical shape, or maybe they have the perfect relationship with everyone in their family. The fact is, these things don’t happen by accident. They take years of hard work and dedication. I’m looking to answer the question of how someone gets to where they are. 

In my limited experience, I’ve found that the most successful people are eager to share their story. Not so they can brag, but so they can prevent someone else from making the same mistakes they made along the way. 

All I’m looking to do is become a better human. I’m going to find people at the top of their respective game and try to dig deeper than what’s on the surface. I’m constantly trying to be a better version of myself. I have so many questions and I know there are people out there that have the answers. So I’m going to find them, and I’m going to share those answers with you. 

If you’re wondering what the theme of this show will be, or what topics I’ll be covering, I have to be honest and say I don’t really know for sure. At this particular point in my life, I’m spending the bulk of my free time studying real estate, personal finance, health & fitness, & stoic philosophy. Each one of these topics can be their own podcast series, but, honestly that’s just too much work. I’m going to do the best I can at scratching my own itch. Hopefully, you, the listener, can take away at least one thing from each episode to live a better life. 

So I’m going to end the first episode here with a quote. 

This is a quote by Michael Jackson. Who, at the time of this recording, isn’t very well regarded in mainstream media, but the quote applies well nonetheless. Here it is:

“A lot of people are just so used to seeing the outcome of work. They never see the side of the work you go through to produce the outcome.”

So, let that sink in. And I’ll talk to you & my first guest in the next episode. Until next time.