Star of A&E's "Triple Digit Flip" and expert on creative real estate financing Pace Morby joins the show. Derek interviews him on his new book, Wealth Without Cash, and all the types of ways that Pace has been able to accumulate thousands of pieces of property with little or no money down. Johnny and Derek round it out with their own experiences on house flipping, creative financing and what they think about the TV show.

About Pace Morby: 

Pace Morby is known as the go-to “sub to guy” bringing creative strategies to the mainstream real estate investment industry such as subject to and seller finance deals. Pace’s high energy and no BS approach has attracted a loyal following across social media. Though he began his real estate journey as a general contractor running a successful business and then as a HomeVestors franchisee, he and his partner have since amassed over 32 million dollars in buy and hold properties while continuing their full operation of wholesale, fix and flip, and many other symbiotic businesses. Pace is on a mission to over deliver on value, showing others that anyone can start in real estate, be successful, and change their lives and their families’ lives for generations. 

About Wealth Without Cash

Want to close MORE deals in LESS time for LESS money? For the first time ever, Pace Morby has compiled everything you need to know to build your real estate portfolio and become a millionaire investor without utilizing your own capital--all within a single book! From subject-to, to seller finance, and more, these proven creative finance strategies allowed author Pace Morby to acquire more than 1,000 properties and $150 million in assets without using his own cash. Whether you’re just getting started as an investor or already have a real estate business, Wealth without Cash will fully prepare you to find off-market leads, uncover sellers’ motivations, negotiate with confidence, close more deals, build a team, and much more.

Discussed: 

• Pace Morby's Website
• @PaceMorby on Instagram
• Pace Morby's New Book Wealth Without Cash
• Triple Digit Flip TV Show on A&E
• Access Expired Listings with Privy
• Preforeclosure.com

Where we are:

• Johnny FD – Phuket, Thailand / IG @johnnyfdj
• Sam Marks – Jomptein, Thailand / IG @imsammarks
• Derek – Los Angeles / IG @DerekRadio

Sponsor:

• NetSuite For the first time in NetSuite’s twenty-two years as the #1 cloud financial system, you can defer payments of a FULL NetSuite implementation for six months. Learn more at NetSuite.com/ILAB.

Like these investments? Try them with these special ILAB links:

• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 08:12 - Johnny's LA House Flip
• 12:26 - Pace Morby Interview Begins
• 18:25 - Why You Should Look for "Expired Listings"
• 30:32 - Why You Can Make Way More From Sober Living
• 34:31 - Types of Creative Financing
• 53:00 - Johnny & Derek's Thoughts on Pace's Strategy & Show

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

It's quarterly update time and Sam & Johnny are together in the same place for this one! They both record from Thailand and cover all things in their recent travels. The guys cover value in Thailand, Japan, business vs economy flights, credit card points, and more. Sam & Johnny both discuss their plans for the upcoming quarter and where they plan on living. In the Patreon only section, they cover what they invested in this quarter and where they are keeping their cash to earn some interest. That section is only available to Invest Like a Boss Patreon members and can be instantly accessed along with hundreds of other member only posts for just $5/month at Patreon.com/InvestLikeaBoss.

Discussed: 

• ILAB 268: Russians Driving Up Real Estate in Bali & Thailand
• ILAB 227: Travel for (Alomst) Free with Points Hacking

Where we are:

• Johnny FD – Jomptein, Thailand / IG @johnnyfdj
• Sam Marks – Jomptein, Thailand / IG @imsammarks
• Derek – Los Angeles / IG @DerekRadio

Sponsor:

• Daffy Daffy helps you maximize one of the most generous tax deductions - charitable contributions, allowing you to contribute cash, stock, or crypto on a one-time or recurring basis, take the tax deduction at the time of the contribution, and then distribute those funds to nearly U.S. 501(c)(3). Invest Like a Boss listeners get a free $25 to give to the charity of your choice when you visit Daffy.org/BOSS.

Like these investments? Try them with these special ILAB links:

• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 01:44 - Where Sam and Johnny are Located
• 09:23 - Bali vs. Thailand Life
• 11:27 - Sam Loves Japan and Why
• 19:13 - Why Price of Business Class Isn't Worth It
• 25:05 - Why Living Frugally is Important Even When You Have Money

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Dave Ramsey's newest on-air personality hire Jade Warshaw is our guest on this episode. Derek will talk to her about how she was able to pay off $460K in debt using the Ramsey method while working in music, doing side hustles and practicing life hacks. Jade also gets into what it's like working alongside Dave Ramsey on their show - which is a consistent Top 20 Podcast in the U.S. Johnny & Derek round it out about their thoughts on the Ramsey plan and how they may disagree with certain aspects of it. The guys also get into some of the crazy side hustles they had while trying to pay off their own debt.

About Jade Warshaw:

At Ramsey Solutions, Jade Warshaw serves as a debt elimination expert, financial coach and co-host of The Ramsey Show. Jade has a professional background in entertainment and has performed in over 92 countries worldwide. She has appeared on Fox News and Cheddar News and been featured in Fortune magazine. Since paying off over $460,000 in debt with her husband, Sam, Jade has been helping others achieve financial peace. As a co-host of The Ramsey Show, the second-largest talk radio show in America, Jade helps people pay off debt by teaching them to shift their mindset and actions around money.

Discussed: 

• Jade Warshaw's Website
• Jade Warshaw's Instagram
• ILAB 208: Ramsey Personality Ken Coleman Interview

Where we are:

• Johnny FD – Pattaya, Thailand / IG @johnnyfdj
• Sam Marks – Bangkok / IG @imsammarks
• Derek – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed No one understands that every single hire counts more than Indeed. Get hiring now when you visit Indeed.com/ILAB.

Like these investments? Try them with these special ILAB links:

• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 05:50 - Derek & Johnny's Thoughts on the Ramsey Plan
• 14:28 - Interview with Jade Begins
• 26:00 - Jade's Side Hustles to Pay Off Debt
• 35:09 - What Jade Adds to the Ramsey Lineup
• 49:20 - Derek & Johnny's Side Hustles to Pay Debt

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Johnny & Sam are in the same country for the first time in nearly 2 years! They both find themselves in Thailand, but things have changed drastically since the last time they were there. Since the Russian invasion of Ukraine happened in February 2022, Russians have been fleeing in droves. Top on their list of destinations has been Bali & Thailand. We invite a Bali Airbnb company to give us their expert opinion on what's going on their with the villa rentals. And then Johnny & Sam discuss what they're seeing in Thailand and how it's effecting the real estate market and overall culture. 

Discussed: 

Where we are:

• Johnny FD – Pattaya, Thailand / IG @johnnyfdj
• Sam Marks – Bangkok / IG @imsammarks
• Derek – Los Angeles / IG @DerekRadio

Sponsor:

• RAD Diversified RAD Diversified REIT believes in investments that make money, build a legacy of generational wealth & protect America. Skip the waitlist to invest when you visit RADDiversified.com/investlikeaboss today.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 04:33 - Interview Begins
• 09:48 - Who's Going to Bali?
• 20:48 - Johnny & Sam Circle Back
• 35:07 - Issues with Foreigners Buying Thai Real Estate
• 39:28 - Russians Influence on Thai Culture

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

In this episode, Derek interviews Zero 2 Infinity Fouder & CEO José Mariano López Urdiales on a unique take on the space trousim industry. Instead of rockets, Zero 2 Infinity is using balloon technology to (hopefully soon) fly humans into space on a more comfortable, leisurely alternative to the rocket. Zero 2 Infinity also has a satellite delivery business that José explains and lays out the investment opportunities. Sam Marks jumps on the intro and outro to tell us where he's been traveling all through Asia, and tell why he is excited for this space technology... but won't be a passenger himself.

About José & Zero 2 Infinity:

Jose Mariano López is the founder and CEO of Zero 2 Infinity, the most active player in Europe in Near Space flights with over 50 successful missions. Jose Mariano is an engineer and a pioneer in NewSpace, whose vision is to make access to Space affordable and sustainable. His seminal work has sparked a renaissance of high-altitude ballooning with applications ranging from telecommunications to Space Tourism. He is a graduate of MIT in Aeronautics and Astronautics and holds 2 patents.

Discussed: 

• Zero 2 Infinity Website
• Jose's LinkedIn
• Zero 2 Infinity Instagram
• Zero 2 Infinity Twitter
• VIDEO: 50% Scale Prototype Balloon
• The Paper That Initiated The Space Balloon Race
• VIDEO: Bloostar Rocket Satellite Launch From Near Space

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Bangkok / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• NetSuite For the first time in NetSuite’s twenty-two years as the #1 cloud financial system, you can defer payments of a FULL NetSuite implementation for six months. Learn more at NetSuite.com/ILAB.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 03:04 - Where Sam's Been Traveling To in Asia
• 09:18 - Interview with José Begins
• 13:32 - What Phase of Space Flight We're Currently In
• 18:14 - What The Balloon Looks Like
• 39:40 - How Much Are Tickets?
• 01:05:26 - Sam & Derek Outro

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

In this episode, Johnny & Derek discuss one of their favorite subjects - cars! Your vehicle is often the second biggest asset you'll purchase behind your home, so it's important to get what fits your needs best at a great price. They'll discuss the benefits of buying new vs. used, what options are worth paying for, along with some of their favorite cars on the market now. Derek goes over what new car he just bought, how to negotiate with the dealer and get the best deal if you need to finance. Lastly, just for fun, the guys build and price out a new Porsche for Johnny online and see how much more he would have to pay to get something comparable to his used one.

Discussed: 

• The Suzuki Jimny
• The Ford Bronco Sport
• The Lotus Emira
• The Mazda CX-5 (Derek's Car)
• The Porsche Cayenne (Johnny's Car)

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Japan / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed Indeed knows that when you’re doing everything for your company, you can’t afford to overspend on hiring. Visit Indeed.com/ILAB to start hiring today.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 01:26 - Today's Car Market for Buyers
• 08:40 - How Derek Was Able to Rent a Car for 5 Years
• 18:00 - Buying New vs Used
• 31:20 - What Derek Bought
• 39:45 - Building Johnny's Porsche Online

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

RAD Diversified CEO Dutch Mendenhall returns to the show (last appeared on ILAB 178 & 194) to give us an update on real estate and so much more! Dutch has previously told us about past visionary moves that he was able to capitalize on and this appearance is no different! Find out how he was able to profit from the Russian-Ukrainian War, why he moved out of California, how he is able to purchase more homes in this economic landscape & more. Plus, he addresses concerns about RAD Diversified brought by our listeners who have previously invested.

About Dutch Mendenhall: Dutch Mendenhall is a husband, father, American patriot, and gifted visionary. He leads by example and doesn’t believe in quitting. His leadership across six real estate investment funds combines the science of advanced analytics with new-age Artificial Intelligence, resulting in formidable industry-leading performance. In 2007, Dutch turned his strengths from a career coaching baseball toward consulting in the real estate industry. He became a highly sought-after thought leader in developing real estate education and training. Dutch helped thousands of investors earn millions of dollars in real estate revenue. Yet, he knew that a greater purpose still lay ahead. Then, in 2015, Dutch had a vision for what would become RAD Diversified. An exclusive way for his students to partner with him on real estate investments. He felt the calling to help others secure a future for themselves and their families through the power of real estate done right and done together. So, Dutch began building the rockstar team and groundbreaking systems needed to accomplish this vision. He partnered with real estate legend Amy Vaughn. Brought on high achievers to design RAD Diversified in a way that would scale up as the vision grew. Today, the RAD Diversified team includes more than 150 people and a portfolio of well over $100 million in diversified real estate assets. His ethos is best summed up as People First. Dutch is always working for his people: investors, the team of people that drive the funds, vendors, contractors, tenants, and many more. The constant is "Creating Consistent Goodwill for the Business." Dutch does not believe in comparison but sets his sights on his race against himself.

Discussed: 

• RAD Diversified Website
• RADD Facebook
• RADD Instagram
• Dutch Mendenhall Facebook
• Dutch Mendenhall Instagram

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Japan / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• RAD Diversified RAD Diversified REIT believes in investments that make money, build a legacy of generational wealth & protect America. Skip the waitlist to invest when you visit RADDiversified.com/investlikeaboss today.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 02:45 - Dutch's Previous Appearances
• 05:53 - Interview with Dutch Begins
• 08:06 - Where RADD Looks to Invest in 2023
• 11:35 - RADD's Move to Profit from Ukraine War
• 15:45 - Addressing Liquidity Concerns
• 20:00 - RADD vs. Public REIT
• 38:36 - Johnny & Derek's Reactions to Interview

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Johnny and Derek sit down for a special one on one episode to discuss Johnny returning to his investment property in Kharkiv, Ukraine. This was his first time back at the property since the war between Russia & Ukraine broke out almost exactly a year earlier. At the time, Johnny's Kharkiv condo seemed like a cash flow dream situation, which thanks to Russia, turned out to be too good to be true. Find out what Johnny found when he arrived and how much he's lost on this investment so far.

Discussed: 

• Johnny's Kharkiv Condo Tour (Pre-War)
• Johnny's Journey Back to Kharkiv

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Andorra / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed Indeed knows when you’re growing your own business, you have to make every dollar count. That’s why with Indeed, you only pay for quality applications that match your must-have job requirements. Visit Indeed.com/ilab today.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 01:47 - Update from Kyiv
• 07:33 - Why Johnny Chose to Invest in Kharkiv
• 11:26 - The 1% Real Estate Rule
• 17:38 - Airbnb Fees
• 22:38 - How Johnny Got Back to Kharkiv
• 27:30 - State of Johnny's Condo When He Arrive
• 36:30 - Total Costs So Far and What Revenue Johnny Was Able to Collect

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Sam and Derek partner up on this interview with a man who has been involved in hundreds of Silcon Valley startups as well as working for some of the largest tech companies over the last 30+ years. Daffy Co-Founder/CEO Adam Nash joins the show to talk the current state of technology and funding, and his move to non-profits and charitable giving through his new Donor Advised Fund platform Daffy. Sam and Derek share some stories on their experiences with giving and also have some fun, although embarrassing, stories to share with the audience on how we got this interview to work.

About Adam Nash:  Adam Nash is the co-founder and CEO of Daffy.org, a not-for-profit community built around a new, modern platform for giving. Adam is a seasoned executive, investor, and advisor. Adam currently sits on the Board of Directors for Acorns, the country’s fastest-growing financial wellness system, and Shift Technologies. Adam also teaches the “Personal Finance for Engineers” course at Stanford and was previously president and CEO at Wealthfront.

About Daffy:  Daffy is the Donor-Advised Fund for YouTM, a not-for-profit community built around a new, modern platform for giving, one built around the commitment to give, not the amount you give. It empowers people to be more generous, more often through a seamless mobile experience that helps members set money aside, watch it grow tax-free, and donate to more than 1.5 million charities. Started by technology veterans and backed by Ribbit Capital, XYZ Ventures, and Coinbase Ventures as well as prominent individual investors, Daffy provides a number of member-focused features that make giving an easy habit to keep. To give with Daffy, visit daffy.org or search “Daffy” in the App Store.

Discussed: 

• For a limited time, Invest Like A Boss listeners, get a free $25 to give to the charity of your choice when they join Daffy with daffy.org/boss
• @DaffyGiving on Twitter
• @AdamNash on Twitter

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Andorra / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed Indeed knows when you’re growing your own business, you have to make every dollar count. That’s why with Indeed, you only pay for quality applications that match your must-have job requirements. Visit Indeed.com/ilab today.

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 04:36 – Adam Nash's Resume
• 08:17 - Zoom Issues - Why We Shared the Interview
• 14:17 - Adam Nash Interview Starts
• 42:39 - How Daffy Works
• 53:00 - Tax Savings Benefits of Donor Advised Funds
• 1:10:51 - Sam & Derek Outro - their DAF Experience

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Sam and Johnny kick off the episode talking Sam's trip to Andorra and revisiting the past appearances of our guest this week, Michael Foster. Michael has appeared twice before on ILAB in episodes 63 (Listen Here) and 68 (Listen Here) both back in 2017. Sam then interviews Michael Foster on both the advantages of Closed End Funds (CEFs) and how much money one can really earn from having an investment newsletter subscription. Sam learns he may have been investing with his CEFs in a less effective way as Michael explains his strategy. Johnny & Sam circle back and discuss their investing philosophies for 2023 after a rough last year and if CEFs fit into them.   

About Michael Foster:  

Michael Foster is the Lead Research Analyst for Contrarian Outlook, where he writes CEF Insider. He has written on high-income assets, dividends, closed-end funds and exchange-traded funds for a number of publications including Forbes, Bankrate and SeekingAlpha. Michael finished his PhD in 2008 and has been advising investors since 2011.

Discussed: 

• CEF Insider Website (Contrarian Outlook)
• Michael's 1st ILAB Appearance - July 2017
• MIchael's 2nd ILAB Appearance - August 2017
• CEF Tickers Mentioned: $AIO, $BST, $BSTZ, $ETG, $ETY

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Andorra / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Nom Nom At Nom Nom, we make food that looks like food. Tailored to your pet’s exact needs and backed by years of scientific research. Get 50% off your first 2 week trial when you visit trynom.com/ilab

Like these investments? Try them with these special ILAB links:

• ArtofFX – Start with just a $10,000 account (reduced from $25,000)
• Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally.

Time Stamp:

• 01:30 – Sam's Trip to Andorra
• 04:50 - Why we Brought Michael Back on the Show
• 11:15 - Michael Foster Interview Starts
• 22:40 - Why Do You Need to Write a Newsletter if You're a Good Investor?
• 35:20 - Michael's Buy & Sell Strategy for CEFs
• 43:25 - How Much Money Can You Make on a Newsletter?
• 59:58 - Would Johnny Invest in CEFs and will Sam Buy More? 

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.