In this episode of The Real Estate Ride, we dive into the real talk behind real estate partnerships—why they’re so common, how they can go wrong, and what you absolutely must have in place to protect yourself and your investments. Whether you’re teaming up with lifelong friends, family, or new business associates, having a rock-solid agreement is key to keeping both the peace and your profits.

Jay and I (Annie) share our personal experiences—the good, the bad, and the legally ugly—to highlight just how crucial it is to outline responsibilities, profit splits, exit strategies, and communication methods from the very beginning. From joint venture setups to full-blown LLC partnerships, we walk through real-life examples and practical tips to help you structure your deals for long-term success.

Episode Timeline & Highlights

[0:00] - Why trusting your partner isn’t enough when money’s on the line

[1:12] - The real reasons people partner in real estate—and why fear plays a big part

[2:17] - Types of partnerships: Joint ventures vs. LLCs

[4:06] - How to fairly divide roles, risks, and profits in JV agreements

[6:44] - Structuring rehab draws and payment phases with accountability

[7:57] - Big benefits of JV deals: no credit, fast funding, multiple flips

[10:41] - Watch out: when one partner does all the work but only gets half the profit

[12:08] - Why roles & responsibilities reviews can save your partnership

[13:36] - Vision exercises and personality tests—essential before you start

[15:28] - Don’t skip your “separation plan” aka real estate prenup

[20:34] - Jay’s horror story: how a trusted partner stole a property

[22:25] - The legal and clean way to dissolve a partnership

5 Key Takeaways

1. Even long-term friends need contracts – Relationships don’t protect you from partnership fallout. Legal documents do.

2. Joint ventures can be great for beginners – Especially if you’re working with cash partners who want hands-off involvement.

3. Lay out every responsibility and timeline – From who pays holding costs to how rehab funds are drawn and released.

4. Have a vision alignment conversation – Do this before jumping into business. Misaligned goals are a recipe for trouble.

5. Always include a clear exit strategy – Know what happens if one of you wants out. Define the process up front.

Links & Resources

• DISC Personality Test (Tony Robbins): https://www.tonyrobbins.com/disc/

• Predictive Index info: https://www.predictiveindex.com/

If this episode gave you some serious “aha” moments, help us out by rating, following, and sharing The Real Estate Ride! Your reviews mean the world to us and help more real estate pros find this show.

Hey, it’s Jay and Annie here, and in this episode of The Real Estate Ride, we dive deep into the evolving world of house hacking—what we’re calling “House Hacking 2.0.” With housing prices and interest rates reaching new heights, creative solutions are more essential than ever. We’re sharing innovative strategies for maximizing your property’s earning potential, including the rise of ADUs (Accessory Dwelling Units), room rentals, and even boarding house setups.

You’ll hear real-world stories from our coaching clients who are successfully living for free—or even profiting—by renting out parts of their homes. We’ll also break down what to watch out for, from zoning regulations to managing utilities, and offer guidance on getting started with little or no money down. Whether you’re new to real estate or looking to optimize your current property, this episode is packed with insights to help you rethink your living space as a wealth-building tool.

Timeline Summary:

[0:00] - Why ADUs are the future of house hacking

[2:54] - Renting to traveling healthcare professionals via Furnished Finder

[4:01] - Real-life case studies: room rentals and converting a home into a boarding house

[6:22] - The responsibilities and expenses of managing a room-by-room rental

[10:09] - The “starter pack” approach to Airbnb amenities

[11:26] - How buying multifamily units can let you live rent-free

[13:02] - Zoning restrictions and why checking local regulations is critical

[14:07] - Using grants and low-down-payment loans to buy investment properties

[17:31] - Creative financing strategies: lease options, land contracts, and subject-to deals

[22:26] - Zoning variances and how to navigate approvals for ADUs and conversions

5 Key Takeaways:

1. ADUs are on the rise – Converting garages, basements, or sheds into livable rental spaces offers a low-risk, high-reward way to house hack.

2. Short and mid-term rentals – Platforms like Furnished Finder cater specifically to traveling professionals and can generate steady income with more control over your tenant selection.

3. House hacking isn’t just for the young – From young adults to families, creative strategies like room rentals and owner financing are being used across generations.

4. Check your zoning laws – Always confirm what’s allowed in your area before investing in ADUs or multifamily properties. A missed regulation could double your rehab costs.

5. Creative financing options exist – You don’t always need a bank. Strategies like seller financing, lease options, and subject-to deals can make owning property more accessible.

Closing Note:

If this episode gave you some fresh ideas or helped you see your property in a new light, do us a favor—rate, follow, and review the podcast! And don’t forget to share it with someone who’s ready to make their home start working for them. See you next time on The Real Estate Ride!

In this episode of The Real Estate Ride, we dive into a transformative conversation about the power of creating a clear, compelling vision for your life. Annie and Jay pull back the curtain on how they crafted their personal vision—from working 80-hour weeks to living a life with balance, purpose, and freedom. If you’ve ever felt stuck or unclear about your next steps, this episode will help you start building a blueprint for the life you truly want.

We unpack how to use the “Wheel of Life” to assess where you are and where you want to go, and how to turn dreams into actionable goals. We also share personal stories, real-life setbacks, and the mindset shifts that made it all possible. Whether you’re new to vision planning or ready to update yours, this episode offers practical tools and inspiration to help you live intentionally and on purpose.

Timeline Summary

[0:00] - Introduction

[2:27] - Exploring the staggering stat that 83% of people don’t set goals—and why writing them down is a game changer

[5:00] - How Oprah Winfrey uses vision boards and neuroscience to manifest her goals

[8:05] - Annie and Jay share their journey from burnout to balance, living their original vision of 25-hour workweeks and five weeks of vacation

[14:44] - Understanding and using the “Wheel of Life” to evaluate the key areas of your life

[20:18] - Real talk: why you shouldn’t limit your vision by current circumstances like money or time

[25:09] - The power of public accountability and how it helped Annie transform her health and fitness

[33:40] - Why you should remove filters like job schedules and income limits when designing your ideal calendar

[41:12] - Goal stacking: how to blend life goals for maximum impact and fulfillment

[45:32] - Writing your vision in the present tense and tapping into your emotional “why”

[52:12] - Breaking down big dreams into weekly actionable tasks for long-term success

5 Key Takeaways

1. Write It Down: You’re 30 times more likely to succeed when your goals are written and reviewed regularly.

2. Think Without Limits: Create your vision without financial, time, or current reality constraints—your only limit is your mindset.

3. Use the Wheel of Life: A powerful tool to assess and improve all areas of your life, from health to personal growth.

4. Build Accountability: Sharing your vision with coaches or peers dramatically boosts your follow-through and success.

5. Action Triggers Progress: Break down your vision into small, specific weekly actions to steadily move toward your goals.

Links & Resources

• Contact: Annie@jayandannieadkins.com | Jay@jayandannieadkins.com

• Tools Mentioned: Wheel of Life assessment, Calendar Exercise, Vision Writing Templates

If this episode resonated with you, don’t forget to rate, follow, and review The Real Estate Ride. Share it with someone who’s ready to start living with purpose. Let’s build your dream life—together.