Burn Your Boats Wealth

By: David Shaw & Clark Lunt
  • Summary

  • Clark and David's brand is built on the foundation of their real estate success, where they have demonstrated an uncanny ability to adapt and thrive in shifting markets. Their partnership is a testament to the power of combining diverse yet complementary skills and perspectives. They bring this adaptability and strategic foresight to Burn Your Boats, making it more than just a financial podcast but a platform for dynamic growth and enduring success.


    As they expand their brand beyond real estate, Clark and David are set on breaking down the complex world of finance. They aim to build a community where knowledge and experience are shared generously, equipping their audience with the tools and insights needed to journey confidently from the first bucket of early financial endeavors to the sophisticated strategies required for wealth preservation and legacy creation.




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    David Shaw & Clark Lunt
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Episodes
  • Episode 42: Kaleb Marti: From Wrenches to Wealth - The Unlikely Rise of a Multifamily Empire
    Nov 18 2024

    Join Clark and David, as Kaleb Marti shares his inspiring story of transformation from a humble W2 auto mechanic to a real estate powerhouse. From facing early career challenges to making bold decisions that set him on a path to financial freedom, Kaleb reveals the secrets behind building a $100 million real estate empire. Discover how focus, hard work, and a determined mindset can turn dreams into reality.


    This incredible story of transformation will leave you inspired.


    Join Kaleb on Facebook: https://www.facebook.com/kaleb.marti/about

    Visit his website: https://kalebmarti.com/


    Keywords:

    Kaleb, real estate, entrepreneurship, passive income, multifamily, business growth, investment strategies, success stories, mindset, financial freedom


    Takeaways

    Kaleb's journey illustrates the importance of resilience and adaptability in business.

    Burning the boats can lead to unexpected opportunities and growth.

    Self-doubt is a common challenge for entrepreneurs, but overcoming it is crucial.

    Passive income is a goal worth pursuing, but it requires strategic planning.

    Scaling from single-family homes to multifamily properties can significantly increase cash flow.

    Building strong relationships with banks and lenders is essential for growth.

    Understanding the numbers and metrics in real estate is key to success.

    Networking with like-minded individuals can provide valuable insights and opportunities.

    The transition from transactional to passive income models can lead to greater financial stability.

    Continuous learning and adaptation are vital in the ever-changing real estate market.


    Sound Bites

    "I had no other option."

    "I could picture 200 doors."

    "I was just trying to find where I fit in."


    Chapters

    00:00

    The Journey of Entrepreneurship

    03:07

    Burning the Boats: A Leap of Faith

    09:17

    Overcoming Challenges in Business

    14:59

    The Path to Sustainable Growth

    21:05

    Shifting Mindsets and Learning

    23:29

    From Rentals to Business Ventures

    29:15

    The Shift to Real Estate Investment

    33:59

    Navigating the Rental Market

    39:21

    Leveraging Credit for Growth

    44:10

    Scaling Up: The BRRRR Strategy

    49:56

    Transitioning from Single Family to Larger Portfolios

    58:25

    The Shift from Single Family to Multifamily Investments

    01:01:49

    Rapid Growth: Acquiring 100 Doors in Six Days

    01:06:34

    Leveraging Personal Relationships for Financing

    01:11:12

    Building a Portfolio: From 10 Million to 100 Million

    01:14:46

    The Mindset Shift: Visualizing Growth and Success

    01:20:15

    Future Aspirations: Scaling to a Billion in Assets

    01:31:08

    New Chapter

    01:32:06

    BYB Outro.mp4


    #KalebMarti #realestate #entrepreneurship #passiveincome #multifamily #businessgrowth #investmentstrategies #successstories #mindset #financialfreedom #realestateinvesting #entreprenuer


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    1 hr and 33 mins
  • Episode 41: How looking backwards will excel your growth
    Nov 11 2024

    Are you constantly juggling tasks, feeling overwhelmed, and yet, not quite achieving the results you desire? In this episode, we debunk the myth that being busy is a sign of success. Join us as we delve into the importance of self-reflection, decluttering your life, and the transformative power of subtraction.

    We'll discuss how to:

    • Establish healthy boundaries to protect your time and energy
    • Say no to distractions and focus on what truly matters
    • Cultivate a growth mindset to embrace challenges and achieve sustainable success

    Tune in to discover how to break free from the cycle of busyness and unlock your true potential.


    Sign up for the Burn Your Boats Mailing list: https://api.leadconnectorhq.com/widget/form/rEwFsBhqWbpzTVoMBLqm


    Takeaways

    • Being busy does not equal being successful.
    • Self-reflection is crucial before adding new commitments.
    • Less is often more; focus on what truly matters.
    • Implement the one in, one out rule for better organization.
    • Saying no is a powerful tool for managing time and energy.
    • Establish clear boundaries to protect your focus.
    • Single tasking is more effective than multitasking.
    • Conduct personal audits to identify time-wasting activities.
    • A growth mindset is essential for long-term success.
    • Focus on incremental improvements to achieve your goals.


    Sound Bites

    "Learn the art of saying no."

    "What got you here won't get you there."

    "Go take a look at yourself in the mirror."

    Keywords

    success, busyness, opportunities, self-reflection, productivity, growth mindset, boundaries, single tasking, personal audit, entrepreneurship


    Chapters

    00:00

    Introduction and Context Setting

    03:36

    The Concept of 'Less is More'

    09:25

    Cleaning Up Your Life for Success

    14:10

    Prioritizing Subtraction Over Addition

    20:19

    The Art of Saying No

    25:34

    Decluttering for Clarity

    34:28

    Establishing Boundaries for Success

    42:56

    Cultivating a Growth Mindset

    48:16

    The Importance of Feedback

    48:51

    The Power of Storytelling

    48:58

    BYB Outro




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    50 mins
  • Episode 40: Real Estate Cost Segregation & Bonus Depreciation with Marcus Crigler, CEO of BEC Accounting
    Nov 4 2024

    In this enlightening conversation, Burn Your Boats welcomes the esteemed Marcus Crigler, who masterfully unravels the complexities of bonus appreciation and its myriad benefits for real estate professionals. He underscores the necessity of grasping real estate professional status, delves into the mechanics of cost segregation, and elucidates the profound effects of recent tax law changes on depreciation strategies.


    This engaging discussion not only equips high earners with powerful investment strategies, including the remarkable advantages of 1031 exchanges, but also emphasizes the critical importance of investing in high-quality real estate. Furthermore, Clark, David, and Marcus shed light on the lucrative potential of short-term rentals and the strategic benefits of leveraging spousal income to maximize tax deductions.


    As you listen, you'll find invaluable insights that can transform your financial journey and inspire you to seize opportunities that pave the way toward lasting wealth and financial freedom.


    Takeaways

    Bonus appreciation allows immediate tax benefits on property purchases.

    Real estate professionals can utilize depreciation to shelter income.

    Cost segregation accelerates depreciation on property components.

    Tax law changes affect the percentage of bonus depreciation available.

    Investing in high-quality real estate yields better tax benefits.

    1031 exchanges allow deferral of taxes on property sales.

    Spousal income can be leveraged for tax advantages in real estate.

    Short-term rentals can provide unique tax benefits.

    Understanding tax brackets is crucial for effective tax strategy.

    Planning ahead can prevent tax crises for entrepreneurs.


    Sound Bites

    "Exciting world of bonus appreciation."

    "What is a real estate professional?"

    "It's not a use it or you lose it situation."

    Chapters

    00:00

    Demystifying Real Estate Tax Strategies

    10:20

    Understanding Cost Segregation and Bonus Depreciation

    20:20

    Maximizing Tax Benefits through Real Estate Investments

    30:03

    Strategies for Real Estate Professionals and Passive Investors

    34:05

    The Importance of Feedback

    34:40

    The Power of Storytelling

    34:47

    BYB Outro.mp4



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    36 mins

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