CDL 49: How To Play Monopoly With Hotels In Real Life With Josh McCallen...

CashFlow DadLife

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So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

That is a solution and this podcast will show you how...

Ryan Enk:What's going on? Everybody? Welcome... What's going on everybody? Sorry. Welcome to the latest episode of Cash Flow Dad Life. I apologize guys for missing last Thursday. I had full intentions to release a podcast, but I was actually in Tampa looking at a billion dollar multifamily investment operation...

So it was really cool stuff which I'll share with you guys later. But today I'm stoked to have on our show and experts in the hotel industry.

I ended up suckering him to come on here and share his expertise with us and his wisdom. His name is Josh McCallen. Josh, you there? Can you hear me alright?

Josh McCallen: Absolutely. Great to be here Ryan.

Ryan Enk: And for those of you that are watching, Josh has got a sweet green screen in the background with his perfect, perfect setup. So Josh is actually an expert in the hotel industry and our episode today is going to be about how you can get started in playing monopoly in real life.

How you can get started in investing in hotels like in monopoly.

You know, the goal of the game is you first go around the board and you buy a bunch of houses, right? And then once you get past a certain level, you get started with investing in hotels and if somebody lands on your spot then you're bringing in a lot more cash flow.

And so we're seeing a lot of different trends in the industry... What we're going to talk about today is the different ways that you can get started investing, the different strategies, the different plays that are out there. And Josh is going to give us the wisdom... Josh, can you give us a little bit of your background? Like what's your story? How did you even get started investing in hotels in the first place?

Josh McCallen: Well, it's absolutely great to be with you Ryan. So the answer to that is there's a short form and long form, but the short form is this. I first was a house developer, very, very high end beach front. It's a matter of fact. We, uh, I was the project manager guy on the field building five, $6,000,000 houses during the boom days. Oh, six. Oh seven. And then right as the 2008 crash came at, business models stopped.

So then years later we had a condo building, a hotel that we thought would be a condo building and by 2012 we were comfortable enough to try to get into the hotel industry by fixing that up. So basically the story is, I'm like, you just said, I'm just like most of your listeners.

I started in the house world. Of co --- Support this podcast: https://podcasters.spotify.com/pod/show/cashflow-dadlife/support