In today’s episode of The Art of Passive Income, Mark and Scott talk with Hunter Thompson—Cash Flow Connections.
Cash Flow Connections is a real estate consulting firm that helps clients invest outside of the stock market in turnkey real estate investments. They specialize in assisting clients who are sick and tired of the headaches and uncertainty of the stock market and have a desire for a more stable approach to achieving their financial goals. Cash Flow Connections helps investors to turn their portfolio from a speculative gamble into a secure and reliable cash flow machine.
Hunter starts us off with an interesting story about his Grandfather who made and lost hundreds of millions of dollars in the cotton industry. It’s the first time he’s told this story publicly and it’s a story that comes with a valuable lesson in over-leveraging.
The music stopped, everything was called due, everything basically was eliminated and the business shut down. This resulted in business bankruptcy, personal bankruptcy, he had personally guaranteed loans, complete financial catastrophe and you know. I just what to clarify, I’m talking about going from hundreds of millions of dollars in revenue to zero.
Hunter took the lessons that he learned from that catastrophic event as a motivator, and that ultimately led him down the path to real estate.
I realized that it’s not necessary to expose yourself to those type of risks in order to achieve financial freedom.
Listen in as we delve into:
- Recession resistant assets
- What an investor should look for in a crowded turnkey real estate market
- The top ingredients for making the perfect management stew
Hunter also shares the worst advice he has seen given in his area of expertise, and so much more!
Today’s podcast offers a lot of great real estate advice and will have you looking at investments behind a whole new lens!
TIP OF THE WEEK
Mark: Learn more about Hunter Thompson at CashFlowConnections.com.
Scott: Check out MuteInter.com—a Chrome plug-in that makes that annoying sound on intercom go away.
Hunter: Really cognitively challenging tasks are important to do in the morning, the earlier the better. Two books that help make that clear are, Deep Work by Cal Newport and The Miracle Mornings for Entrepreneurs by Hal Elrod.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?