Creative real estate investing reviews for horrible bosses

On the other hand, there's purchasing real estate for more speculative purposes. On the other hand, "if you're young and you have a little bit of extra income, and some risk tolerance, this is definitely a business you should look into. On the other hand, if you buy a less expensive property, you need to be aware of maintenance and repair costs. Verschleiser adds that, for a first-time investor looking for cash flow, it's best to go with an established neighborhood rather than an up-and-coming one.

Verschleiser agrees. Not only will you have better returns if you have less debt, "you can also hang tight in tough times when you have less debt," he says. So I mean, we had enough to meet our needs, but we didn't have a whole lot more than that. And the cut of the money advice that I was given for my parents was just like, don't go into credit card debt. We didn't really have conversations about student loan debt.

In fact, it was just education, education, at any cost, the degree will always be worth it. And if a bachelor's degree is good than a doctorate is great. You know, it's great. That's kind of that's kind of the setup for this now, you know, this is one of these interesting conversations, in that while life is linear in the aspect that tomorrow you are going to be older than you are today.

You're not limited to one charted course you can kind of add additional information to your portfolio to your knowledge base long before you're actually ready to use it. And, you know, if I was driven to get this this job by making sure that I had a secure paycheck, even though I knew that I was going to pay down those student loans before I could really enjoy, you know, the margin that that paycheck would provide.

I was already thinking, Well, what else can I do? What does it look like to do better with my income do better with my investing do better with my time. And so that led me down two courses kind of parallel, one was wanting to pay off the student loans. And that's pretty easy to map out, you just have to spend far less than you make. And then you need to like put that difference to your student loans and you don't stay the course and not let your eyes wander and get, you know, upgrade to the to a new car into a larger house and whatever if you can just kind of, you know, maintain a reasonable lifestyle.

You can pay off the debt. So for me K, took me about four years to pay off that student loan debt. But what's interesting is, I knew long before I got debt free that I was going to get back to debt free, right? Jay Clouse How did you avoid even just like the crippling fear and the crippling anxiety It comes with that level of debt and build a plan so quickly to pay it off in such a short period of time. Jonathan Mendonsa Got to love my spreadsheets, I just kind of mapped it out.

I knew what I had post taxes, I knew what our life so this is actually a big part of this. I actually knew what my life cost. When you have bill after bill after bill hitting your life, your life is complicated, and it's stressful. You don't know if the balance where it says you have a couple grand in the bank account, you don't know if that's actual money that you have, or really just money You have until the mortgage and all the associated payments land.

I didn't have any payments. I had a very inexpensive mortgage. And I had no car debt, no credit card debt, nothing else, right. That's key for this. And then you want to simplify it wherever possible. So if that means you have payments for your couch or your blinds, like clean up the small stuff, get it out of the way, and then roll that into your larger payments. From there, look for the small wins because this is not something you're not going to get that quick hit in two or three weeks, you have to stay the course.

And so you have to look for the small wins in between. And I would actually make note, all right, each time I'm doing this I'm actually getting a small raise, right forever, that money is now going to pay down principal and I could just keep leaning into it. And the spreadsheets. It looks like micro at first. But over time, it starts to look like a macro view. You know, you realize wow, I'm really making a dent in this thing. In my case what it would look like for me at the I would basically I'm a spender this just kind of interesting thing behind all this, I love my gadgets, I love to spend money.

So it's It was challenging but I could I could maintain intense focus if I had a goal. And my goal was paying it off, but because I knew it was gonna take me four years to do that, what I would do is I would get home after a two week shift. And a lot of times I would have had four or five shifts in a row, it's Sunday night coming back after 8 or 10 hour shift. And I before I even gave my wife a hug, I would just go upstairs, this office room had this whiteboard, this whiteboard was broken off into , checkboxes, each checkbox represented a pay period where I was making the choice that pay period to send every extra Penny I could to those student loans, and I was doing it before spending the rest, right, I'm not going to give myself a chance to spend it.

I came up with an idea of what my life would cost. And then I figured out how much would be left and instead of actually having something left, I would pay it first. I'll spend the rest, but I'll pay it first. And if you can look at those checkboxes man when you check off one box and you realize you have 99 more of left and that represents a two week period of time. That sucks.

But when you're like 46 going to 47 and you about to be halfway done, you look back at all those checkboxes where you made the choice to pay down your debt first. It feels good, and it feels like what you're buying is your future freedom. And it's coming faster than you think. Jay Clouse When we come back, we'll find out how Jonathan went from pharmacist to entrepreneur, and dive deeper into how you can start planning for your own financial future right after this. Welcome back to Creative Elements.

Jonathan was just telling us about his own battle with student loan debt. Student loans are one of the biggest burdens that have been placed on our generation. Now, Jonathan went down this path because he thought it was the most financially viable way to earn a living. And it's due to his own financial literacy, that he was actually able to pay that off within a very short amount of time. And once he was debt free, he realized that his ability to command his finances opened up a lot more doors than he even realized.

Jonathan Mendonsa And so from there, I was like, well, what else can I do debt free. I mean, I was literally. I was broke at the age of Now I'm almost I'm almost back to broke again. So what do I want to do?

And I was just kind of charting this out. And I stumbled across this community called the financial independence community. And by doing that, for a period of about 10 to 15 years, they basically gotten to the point where working is optional. And so I looked at my co workers around me and there were individuals working right next to me as a pharmacist in their mid 50s, mid 60s.

They looked horrible, they looked like death for over like, right. I mean, I was like, This is not what success looks like. If I can just do this for another 30 or 40 years. This does not look like happiness. So I've got the student loan debt gone, I clearly was paying a lot of money to get rid of it.

Now, if I can just reduce the amount of inflation in my lifestyle, and make sure that whatever raises you can get to can go towards your savings rate, bonuses, etc, then I could chart out of course, be at the point where working is optional within 10 to 20 years, not 30 or 40 years, which is kind of that 40 year working career that we think about and and to kind of show you the math on that, Jay, if you're a paycheck to paycheck right now, you can never retire, right?

You need that paycheck to make it to the next pay period. If we had eternity then great, but no, and we could just keep scaling that up. And then you can amplify those results. If you can invest in common sense, investing strategies using broad base low cost index funds, just try to keep up with the market, we're not talking about a secret or you're trying to beat it or you know, kind of time in or go in and out or you have to have a quick hit stock.

If you could just keep up with what the market has done over any 30 or 40 year period. That's going to basically look like you getting to the point where working is optional 10 to 15 years. Listen, I know that finances can be hard to understand. They're boring, and they're scary. But if there's one thing that I've learned over the last few years, is that you need to care about them.

Student loan debt doesn't go away by accident. You won't have money ready at retirement without intentionally putting it away. So let's break down a little of what Jonathan just shared. That's not a perfect example due to considerations like taxes, but you get the point. So if you're saving half your income for 20 years from age 20 to 40, you may be able to live from 40 to 60, without any additional income.

And if you're investing that money, you can earn money on those savings too, which buys you even more additional years. Now, Jonathan also mentioned broad based low cost index funds. These index funds like a Vanguard index fund, spread your money across a diversified portfolio of investments, you're essentially buying a small amount of of the biggest public companies in the United States.

The goal here is to lower your risk that any one investment could tank your portfolio. Most retirement funds, including K's are built on index funds. And over any major time horizon 10, 20, 30 years or more, the market has always returned some positive amount, you're going to make money when you invest in these index funds over the long term.

So you don't need to be a genius at picking individual stocks to earn money on your savings. Okay, still with me? Let's get back to Jonathan, who was just telling us that he realized he could save money and retire early. Jonathan Mendonsa So once I saw that, it's like, Oh, okay. Well, that means I have I have, I have three options with how I tackle this and I'm not limited to really one.

So do I want to earn more? Do I want to spend less and now that increases the difference what I want to do with it, how can I invest better and so that's what I realized, in my own story, even that business owners business ownership, when you have savings on your side, right when you have a low cost of living and you understand just the basics of how to save money, how to invest your money, you take what seems like risk for so many other people.

And you can turn that into opportunity, right? And I've had that invested. So I can take a "risk". But for me, I could go two or three years before I ever need to earn another dollar. And I have time to flesh out this business idea. I have time to dive into this new skill set on how I can actually build my business, right? And what you find when you really look into those studies.

Small business owners often fail, but they embrace failure. They embrace failure as an opportunity to iterate. And that next business model is actually much better because it's built on the lessons learned from that business failure. So that actually changes how you look at failure inside you're saying, Let's fail fast. Let's fail small and let's fail forward. If you can get to the point where working is optional is great.

That gives them some space. In my case, as I was actually documented my own story to pay off all my student loan debt, and I and I'm latching on to these ideas that are lighting me up and blowing my mind on a daily basis. And I'm seeing people that are reclaiming decades of their life, I want to talk about it right. I want to have a conversation about it. And so I propose to a friend that we start a podcast together and the podcast really brings in our thoughts and our community's thoughts and it blows up.

It blows up beyond my wildest dreams. I'm doing it as a side hustle. While I'm working as a pharmacist. I'm a pharmacy manager with a large retail chain. And it was not a business model on day one. It was just a passion project. It was just a hobby. But I remember when it made like 30 cents while I was sleeping one night, I was like, Oh wow, you can actually make some money while you're doing this.

And then I remember as we realized what it could be and that it could actually start to bring in some income. There was a point where I It wasn't replacing my income. But it was starting to replace like my core expenses, right.

And I've actually now got several years of savings saved up, I've paid off all my student loan debts. And three interesting things happen, that we're all coming together. Now, we had a documentary that wanted to come film with us to talk about this community that we were highlighting, we wanted to go to a conference in our niche.

And lastly, and most importantly, like I was due to go visit my wife's family in Zimbabwe. And so that poses an interesting dilemma. I'm in corporate America, you get like 16 to 20 days, like max, you know, and you can't take them all together.

And I was like, I calculated it, like three weeks. So I went to my boss, and I said, I checked our policy, and it looks like you can give me a conditional family leave of absence. And I got all this going on. Is that okay? And he said, to be honest with you, I don't think it's in the company's best interest for us to let you do that. And because of what I just kind of laid out for you several years of savings, pretty low cost of living lifestyle, a side hustle which had become a business because I was able to take something that maybe would have been risky in a vacuum, but basically just viewed as an opportunity with no downside.

And I was basically able to say to him, I don't think it's in my best interest to stay. And that's when I left and you could always go back, you can always go back there is no risk. It's just an opportunity. And that was the best thing ever in the podcast and the community in the business has grown from there.

But before you're ready to execute on your vision on your dream, how can you make sure you have a glide path to take risk and turn into opportunity? Jay Clouse I love this. I love this combo of save more, spend less, that's a big part of the ChooseFI charter, right? So if I am if I'm listening to the show, and I'm an artist, and let's say I don't even have much debt or any debt, but because I want to spend time on my creative work, I've got a part time or not that great paying job.

Maybe, maybe I'm a barista. Jonathan Mendonsa Yeah, so that's a great question. And what I love about it is you've already laid out your options, right? It's just saying that what I can count on is my base, right? Then now we're talking about spending less. And then the question is, well, what are you willing to do? Those are the Big Three, especially on a 40K. I know because I can look at my own budget to tell you that I mean, it's it's pretty obvious.

You have to ask what am I willing to do, right? But if you're if you're saying I'm not willing to do anything, and I'm not going to make more and I'm paycheck to paycheck, well, we know where this story ends. So since we know that the big three in this particular individuals case are housing, transportation, and food, there's a tactic that's worth the Google search all of these things, consider everything we're talking about here. Just little things to poke, you know, just start to plant a seed you can these are all individual questions that you can go look up find answers to let's talk about house hacking.

This is a fancy way of saying let's get a roommate but beyond that, to dial it up a little bit. When you go to purchase your first home, you can just get a house for yourself, whatever and you can get that great financing. You just get a single family home. Maybe you could get a family home that has two bedrooms, you know, and then you could rent out the second room but let's say we wanted to go dial it up even further. When you're talking about house hacking.

You realize that single family homes count they can be a single unit a duplex a triplex or quad any of those qualify for primary residence and all the preferred rates that you would imagine that you would get. If you were to get a duplex or a triplex you could live in one unit and you could run out the others with a triplex live in one unit run out the other two quad.

You can see the same thing. Many individuals have used this and consider this the most powerful way. Because what happens is, when you move in, you do the math, you're not just buying in and you're doing it where the numbers work out. I know two individuals that purchased two duplexes here in Richmond, and I thought you couldn't even do it, I thought it was location based. And here in Richmond, it wouldn't work.

I can tell you, if you're looking for it, you'll find it. And you have advantages. Because when you're talking about doing house hacking, you're getting those preferred rates that can make these numbers work, because you're going to be moving into that place that time. That means that investors, they don't have access to those same benefits, they don't have access to those same rates, a lot of times they have to bring cash, they have to bring much bigger down payments. Because you're moving in yourself.

It gives you a lot of flexibility. If you can create a situation where you're living in one unit, you're renting out the other one, two or three units, they are covering your mortgage, you are now effectively living for free. If you compare that house hack that we just described with a house hack that is close to your place of employment, you can probably get rid of your car payment.

And I know and just and I just want to set this up. I'm describing this in the context of the country. Find that we just described. But to be fair and accurate, I know multiple individuals that have done this, as it's their first investment.

And because of it, they're at the point where working is optional in their early 30s. I mean, like late 20s, early 30s, it's insane. Those are just two things. So it definitely can be done right there. In fact, you're probably bringing in profit. We haven't even gotten to the food yet. We can talk about that later on.

Or it can just kind of be a setup for another piece. But for every single person that says I can't, what they might mean is I won't, I don't want it bad enough, I'm not willing to do that no matter how bad an individual listen to this might have it, you know, their own unique circumstances. My point of encouragement is that there is somebody out there that had it far worse than you have it just objectively not not make light of your situation.

But as a point of encouragement, they have it worse than you have it. And because they were willing or able to look at the problem a little bit differently, they're getting dramatically different results. You don't have to do everything, but you're gonna have to do something if you want to change your financial situation. Jay Clouse After a short break, Jonathan and I will get specific about more steps you can take to change your financial situation.

Jonathan has been sharing with us some of the core tenets of the ChooseFI mindset, in an effort to help us with our own financial literacy. So I asked him, if we're ready to start saving now, what does saving actually look like? Should we hoard our money in jars in the backyard? Or underneath our mattress? Where do we actually put this money that we're saving? Jonathan Mendonsa Let's see. So is this individual they have their own business?

Do they? Are they a W-2? Well, you don't need to answer the question, but I think we should recognize that like people are in different places. So as an employee, almost all of us have access to a k through our employer, if you do, then you should go look into that. I don't I can't tell you which stock is going to crush it next year in which one is going to fail. I just have no idea. Tesla is on a tear Amazon's on the tear.

Do regulations come down to some big scandal come out Who knows? So I don't really try to figure it out, I don't spend any time thinking about I just know that over time, like a company, a single company, if I were to give you that my sweet picks for next year, a single company absolutely can go to zero, it really can, it can disappear.

And it will not it won't be on the map anymore. But the market can't go to zero, because if it happens, Armageddon has already occurred. It was Armageddon, we all lost didn't really matter what your bank account was banking system is shut down anyways. So in that case, let's just try to keep up with the market and let's do it at a low cost as possible. What that basically means is, that advisor takes a percentage of the assets that you have managed with them regardless of whether or not your portfolio goes up or down.

It's insane. So since it's so odd, like and the assets under management advisor might give you a couple reasons to stick with them, like, oh, but you know, I had your risk, and I make sure you stay in the market when the markets dropping, and, you know, you'll have to come up with some incentives, right.

But like, that's pretty expensive to do that and they're making that money regardless of what actions you take. So if you you know, if you can just weather the storm, because when the stock market goes down, your your portfolio is gonna go down with it, but you don't lose any money unless you sell. You just were able to buy it on sale and so it's gonna go up even farther, and your returns are gonna be even better. Jay Clouse I want to cut in here because Jonathan is touching on a very, very important point that is key to your own financial literacy.

If you're investing into a public market, whether it's through an index fund or individual stocks, you were buying small shares of a company. When the market drops, people often panic and start to sell their assets. If you sold that share of Apple stock, you would no longer own that asset. What Jonathan is pointing out here is that the price for a share of Apple stock may rise again in weeks, months, or even days.

So the value of that asset that you own may rise again. You can buy more shares for that new price. Now remember, that's value that's not cash in your pocket. But of course you could sell that asset and get that cash.

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However, in the age of creative investing, buyers are not limited to going through a real estate agent. Now they can interact with wholesalers or work directly with the seller. There are even numerous apps that let purchasers bypass everyone in the middle. Normally, financing involves saving money to go towards a down payment and going through a bank to apply for a loan. Finally, a would-be buyer had to cross their fingers and hope they would be approved.

With creative real estate financing buyers can get financing from the seller directly or turn to alternative lending channels, like a private money lender or transactional funding. In most cases like this, the documentation process is different and more often than not, a lot simpler than with a bank.

Lastly, we come to the purchase and the close. Before creative investing, a person or family would purchase a property and a real estate agent would oversee the process, which was how they would earn their commission. Now, creative investing methods make it possible for a group of everyday people to combine their finances to purchase a property together which would otherwise be out of reach for them individually.

There are a few variations on this strategy including investing in a REIT real estate investment trust or with a fund like Cardone Capital, where we do all the work from locating a property to closing on it, so all the investor has to do is sit back and wait for their monthly check.

With out-of-the-box options like owner financing, rent-to-own homes, house hacking, wholesaling, and REITs, there are more ways to invest in real estate than ever before. Thanks to technologies, no longer are interested investors forced to choose between the two major investment strategies. Instead, it is possible to earn money while sitting behind your computer. Another creative investment strategy that has become popular and I should know is crowdfunding.

This involves using an established real estate investment platform to invest in current projects being run by an experienced real estate management team. The premise was promising and thanks to a fresh script by Michael Markovitz, John Daly, and Jonathan Goldstein, the potential was indeed delivered—although not in the ways you'd expect. The cast is hands-down the standout reason why this movie works.

As a matter of fact its also its one minor flaw because we have tons of talent that were not utilized enough because some of the performances were so hilarious in the minimal material given. The bosses themselves were convincingly awful, especially the always-reliable Kevin Spacey as this sadistic, manipulative, and extremely cruel president of a company.

Colin Ferrell and Jennifer Aniston step out of their usual roles and surprisingly deliver plenty of laughs with their own cruelly aggressive mannerisms. The main three also provided plenty of laughs and played off each other perfectly well, with Charlie Day being the best of the three.

Day's experience with the mildly-dark "It's Always Sunny in Philadelphia" definitely shows off here, as his whiny and high-pitched voice perfectly matches his character persona and offers the most laughs and one-liners. Seth Gordon's resume as director has been an interesting one; ranging from the enjoyable Fistful of Quarters to the weak-weak Four Christmases. In here, he keeps the pace constantly quick, constantly throws a crazy scenario to pit our heroes in, and never gives you a chance to breathe and realize how preposterous this movie really is.

The movie's raunchiness is matched by its grim sense of humor—you need a dark strong heart to laugh at some of the mean-spirited shtick that is embedded in the minute timeframe. In this movie, nobody is safe, and you never know just what might happen next. Unpredictability is essential in comedy, and the best part of Horrible Bosses is how it can remain one step ahead of you while still giving plenty to laugh about. We are laughing at our heroes but secretly we are definitely rooting for them too.

Yes folks, you will secretly be hoping that they do indeed do the dirty deed. Bottom Line: The talent pool runs deep here, and is the main reason why the film works.

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Option 1: Buy and Hold Buy and hold means buying a rental property and finding a tenant to rent it. This strategy involves buying a distressed property, fixing it up, and selling it for a profit. For the longest time, that was it, but recently things have gotten a lot more interesting with more opportunities for people to get into the real estate market. Now what separates a creative investment strategy from the traditional methods can usually be found in one of the three major aspects of the process, which are finding a property, arranging for financing, and the actual purchase.

Up until now, buyers had to go through a real estate agent who would find potential properties by doing an MLS search. The agent would then schedule showings until the client hopefully found the right property.

However, in the age of creative investing, buyers are not limited to going through a real estate agent. Now they can interact with wholesalers or work directly with the seller. There are even numerous apps that let purchasers bypass everyone in the middle. Normally, financing involves saving money to go towards a down payment and going through a bank to apply for a loan. Finally, a would-be buyer had to cross their fingers and hope they would be approved.

With creative real estate financing buyers can get financing from the seller directly or turn to alternative lending channels, like a private money lender or transactional funding. In most cases like this, the documentation process is different and more often than not, a lot simpler than with a bank.

Lastly, we come to the purchase and the close. Before creative investing, a person or family would purchase a property and a real estate agent would oversee the process, which was how they would earn their commission. Now, creative investing methods make it possible for a group of everyday people to combine their finances to purchase a property together which would otherwise be out of reach for them individually.

Many films have tried to bottle some of those Wolfpack pheromones and turn them into box office gold, and while some of these raucous alchemic experiments succeeded like I Love You Man and Bridesmaids , others missed the mark — Due Date and Bad Teacher we're looking at you. Hands up if you want to see an Arrested Development movie On the surface, Horrible Bosses is another shameless attempt at recreating that spark that brought runaway success to The Hangover.

Three 'guys that should know better' leads? One a sex-crazed alpha, the other a straight-laced everyman, the third, short, kooky and bearded? Check, check, and check. Well, yes and no. Unfortunately, when it's not, it can be a bit of a drag. Pull my finger. Jason Bateman the straight laced one , Jason Sudeikis the sex-crazed one , and Charlie Day the kooky one play a trio of pals all facing the same problem in life.

They all work for Horrible Bosses, and when we say horrible we mean proper nasty. Nick Bateman busts his gut 12 hours a day on the hope of a promotion before it's promptly torn up before his face by his twisted boss Harken. Accountant Kurt Sudeikis works for a family firm under the watchful tutelage of fatherly Jack Pellit until the old geezer pops his clogs, leaving his coke-snorting douchebag son Pellit Jr Colin Farrell to take over the reins, much to Kurt's dismay. Dale Charlie Day , a dentist's assistant, seems to have the best hand in the proceedings as his horrible boss is the rather delectable Jennifer Aniston who seems to have an aversion to clothes.