“My plan b is we are going to figure it out!” In this episode of Cash Flow Pro, we talk with Neil Schoepp, founder of BulMac Properties. We discuss everything from: The importance of mindset Looking for real estate...
“My plan b is we are going to figure it out!”
In this episode of Cash Flow Pro, we talk with Neil Schoepp, founder of BulMac Properties. We discuss everything from:
Neil Schoepp has been based out of NYC for 40+ years. He worked for the city to provide for his family. The goal was not to get rich but to be able to give no matter what. Neil was an officer and a fireman for twenty-four years until he realized he needed something more – real estate.
He began to educate himself with tools like our Cash Flow Pro podcast and developed his real estate portfolio and teaching methods to help others do the same. Neil created “Systems To Goals,” or STG, a strategy founded on the belief that we as individuals chart our course.
If you are interested in hearing more about how your vision can guide you to your goals, DO NOT MISS out on this episode!
Find your flow,
Casey Brown
Resources mentioned in this podcast:
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[casey_]: hey there and welcome to today's episode
of cash flow pro your daily real estate
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[casey_]: investing podcast and youtube channel i'm here
today with neil ship of bull mac operties
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[casey_]: and neil and i were just talking
and one thing he said that that immediately
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[casey_]: picked my ears up was we are
blessed because we are on the right side
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[casey_]: of the grass and i had never
really heard it put that way for but
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[casey_]: the right side of the grass is
a good place to be so neil how
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[casey_]: are you today
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[neil_schoepp]: i'm fantastic case it's great to be
here
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[casey_]: what
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[neil_schoepp]: great to share some some ideas
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[casey_]: yeah man i i'm excited to have
you here because i know there's a lot
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[casey_]: of people you know you you and
i talked a little bit there about mind
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[casey_]: set and limiting beliefs and and things
that
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[neil_schoepp]: okay
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[casey_]: people people have that are just that
are just like i can't do that you
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[casey_]: know i can't do that because or
i'm not you know i can't go
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[neil_schoepp]: o
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[casey_]: out and buy
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[neil_schoepp]: ye
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[casey_]: ten million dollar apartment building well why
not okay well because instead of just saying
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[casey_]: i don't know how people start making
excuses as to why they can't and then
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[casey_]: and in all reality they just don't
know how and that's what we want to
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[casey_]: tell people i mean that's what you
want to show people is how you know
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[casey_]: this make
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[neil_schoepp]: yes
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[casey_]: it happen so why don't you kind
o ni want you kind of start with
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[casey_]: telling us a little bit about yourself
and and how you i started and how
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[casey_]: you kind of went through that mind
set shift that you so much try to
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[casey_]: talk to people about now
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[neil_schoepp]: so i grew up in new york
city forty plus years in new york city
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[neil_schoepp]: i listened to my father and i
went to work for the city because if
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[neil_schoepp]: i worked for the city i'd always
be able to provide for my family but
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[neil_schoepp]: i wouldn't i would never have to
worry about providing for my family i wouldn't
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[neil_schoepp]: get rich but i wouldn't have to
worry about providing for the family and that's
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[neil_schoepp]: exactly what he told me so go
to work for the city and that's what
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[neil_schoepp]: i did i had every kid's exacter
i was a new york
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[casey_]: yeah
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[neil_schoepp]: city police officer and a new york
city fireman
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[casey_]: yeah
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[neil_schoepp]: and what i did that for twenty
four years and a lot of ups and
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[neil_schoepp]: downs but a lot of fun
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[casey_]: yeah
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[neil_schoepp]: and i got to the point
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[casey_]: yes
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[neil_schoepp]: i got to the point where i
wanted something more and what was that more
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[neil_schoepp]: that more turned out to be real
estate and i went out there and i
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[neil_schoepp]: searched out education a lot of the
listeners i found bigger pockets bigger pockets that
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[neil_schoepp]: led me to my men to jakondgeno
or wheel barrow profits and i started going
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[neil_schoepp]: down the real estate rabbit hole and
that real estate rabbit hole let me too
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[neil_schoepp]: crushing my limiting beliefs and mind set
and now i believe i'm on a mission
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[neil_schoepp]: to spread the word that if you
can change your mind set and you can
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[neil_schoepp]: work on your mind set there's nothin
you can't accomplish
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[casey_]: that's exactly right and and the thing
is that when we start talking about mindset
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[casey_]: and we start telling people that hey
just i'm not telling you you're thinking wrong
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[casey_]: i'm not telling you you need to
be doing something different i'm just simply telling
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[casey_]: you hey believe
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[neil_schoepp]: yes
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[casey_]: in yourself you know what i'm saying
i mean does that make sense
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[neil_schoepp]: it's absolutely accurate we are exactly where
we belong on our journey we didn't do
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[casey_]: just
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[neil_schoepp]: anything wrong to get to where we
are it's all part of that process
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[casey_]: that's right
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[neil_schoepp]: and i'm not telling you you're thinking
wrong what i am telling you is that
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[neil_schoepp]: people that are two or three years
ahead of you think differently
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[casey_]: that's right and then that's and that's
why a lot of times you know what
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[casey_]: we hear is
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[neil_schoepp]: oh
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[casey_]: is it so important to surround yourself
with
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[neil_schoepp]: oh
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[casey_]: people that you want to be like
right and
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[neil_schoepp]: yes
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[casey_]: once you kind of step out because
the thing is is that a lot of
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[casey_]: people want to hold others back right
they want to they want to keep them
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[casey_]: on their level so that they don't
ever that they don't ever feel in ferior
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[casey_]: to who you know you if you
were in the room with them right and
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[casey_]: so they tend to just kind of
shield those they tend to kind of say
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[casey_]: things that make you feel like you
can't be better than what you are and
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[neil_schoepp]: yes
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[casey_]: so when you start surrounding yourself by
people who are better than you then
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[neil_schoepp]: eh
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[casey_]: you naturally get kind of i don't
know if you want to say tugged along
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[casey_]: or pulled up or
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[neil_schoepp]: m
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[casey_]: or you really start elevating you're you're
thinking
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[neil_schoepp]: you get pulled up that's exactly
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[casey_]: ah
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[neil_schoepp]: what happens because i have de limit
in belief a great limit in belief right
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[neil_schoepp]: i can't buy real estate with no
money down
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[casey_]: yeah
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[neil_schoepp]: now it may not be easy to
buy real estate with no money down
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[casey_]: yep
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[neil_schoepp]: but it's possible to do it and
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[casey_]: yeah
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[neil_schoepp]: it doesn't have to be your money
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[casey_]: yep
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[neil_schoepp]: so i have no money i need
money to make money well you need access
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[neil_schoepp]: to money or equity or collateral but
it doesn't necessarily have to be cold hard
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[neil_schoepp]: cash in the bank you
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[casey_]: yep
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[neil_schoepp]: can build relay i just listen to
a podcast and be person that was on
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[neil_schoepp]: the podcast was fifteen years old
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[casey_]: yeah
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[neil_schoepp]: and he brought a million
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[casey_]: yeah
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[neil_schoepp]: dollar piece of property
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[casey_]: i mean
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[neil_schoepp]: if
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[casey_]: that
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[neil_schoepp]: that's the crstian women and beliefs he
went out
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[casey_]: yeah
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[neil_schoepp]: he raised three
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[casey_]: oh
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[neil_schoepp]: hundred thousand dollars at fifteen years old
he raised three hundred thousand dollars and he
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[neil_schoepp]: took down a small apartment complex i
think it was
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[casey_]: ye
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[neil_schoepp]: sixteen year it's
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[casey_]: yeah and see and
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[neil_schoepp]: oh
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[casey_]: what do you think he's going to
be doing at twenty six right or
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[neil_schoepp]: i
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[casey_]: twenty five whatever i mean you know
ten
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[neil_schoepp]: well
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[casey_]: years from now
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[neil_schoepp]: he's twenty
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[casey_]: just
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[neil_schoepp]: he's twenty eight and he has seventy
million dollars assets
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[casey_]: right now
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[neil_schoepp]: yeah
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[casey_]: you're saying he that was his first
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[neil_schoepp]: wntyeight
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[casey_]: deal with
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[neil_schoepp]: now yeah this is when he when
he was seventeen when he was fifteen he
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[neil_schoepp]: purchased his first property and
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[casey_]: yeah
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[neil_schoepp]: now he's twenty eight and his millions
under that's under management so
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[casey_]: yeah yeah
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[neil_schoepp]: uhathiposib
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[casey_]: and mean and c yeah
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[neil_schoepp]: ah
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[casey_]: and that's why i say i mean
it's the limiting beliefs are so like they're
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[casey_]: so rampant in our society that people
just you know and sometimes people just want
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[casey_]: to write i mean we have to
give
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[neil_schoepp]: i don't want to
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[casey_]: we
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[neil_schoepp]: leave
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[casey_]: have
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[neil_schoepp]: the
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[casey_]: to
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[neil_schoepp]: come
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[casey_]: lay that out there that sometimes people
just they're like you know i'm perfectly content
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[casey_]: the way and that's fine because it
takes all kinds for this world to keep
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[casey_]: on spending um but when we were
entrepreneurs and we're out looking for opportunity every
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[casey_]: day um you know you have to
know not only how to find that opportunity
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[casey_]: or where to be looking for that
opportunity but what that opportunity is and how
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[casey_]: it presents itself and that's
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[neil_schoepp]: have
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[casey_]: what
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[neil_schoepp]: to
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[casey_]: you
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[neil_schoepp]: be
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[casey_]: learn
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[neil_schoepp]: open
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[casey_]: from that's what you learn from from
surrounding yourself people that are you know one
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[casey_]: step above or two steps above where
you want to where you are and so
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[neil_schoepp]: go back i want to stop right
there for a quick second case
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[casey_]: okay
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[neil_schoepp]: go back and re listen to what
case just said because he just nailed it
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[neil_schoepp]: when you are around the right people
you are open to seeing the opportunities the
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[neil_schoepp]: opportunities are all around you every single
day we're just not in tune to recognize
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[neil_schoepp]: in them and then take an action
on them
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[casey_]: yep that's exactly right and and that's
that's i mean that's exactly right and
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[neil_schoepp]: you
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[casey_]: you
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[neil_schoepp]: knew
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[casey_]: have
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[neil_schoepp]: it
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[casey_]: to know what that opportunity looks like
and unless you unless you're open to learning
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[neil_schoepp]: yes
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[casey_]: unless you're open to
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[neil_schoepp]: oh
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[casey_]: well unless you're open to just unless
you're just receptive to an idea that may
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[casey_]: be something is different than what you
thought or can be done differently than what
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[casey_]: you thought then it's you know you
might as well not be even looking because
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[casey_]: you're if you're not open to the
idea that he may i was wrong or
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[casey_]: hey maybe i do need to mind
shift or hey so so you know it's
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[casey_]: a process and once you start with
i need to change okay that's the first
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[casey_]: step now next thing is what need
to change and then the next step is
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[casey_]: is how do you change and and
and then on down through there so you
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[casey_]: know with all that means said the
whole mind set program that well pro grams
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[casey_]: that are out there are kind of
all just a slightly different
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[neil_schoepp]: a
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[casey_]: angle on the same principle
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[neil_schoepp]: it's all the same principles it's what
resonates most with you as an individual because
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[neil_schoepp]: everybody
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[casey_]: yeah
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[neil_schoepp]: learns differently so i'm
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[casey_]: well
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[neil_schoepp]: a very
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[casey_]: and that's why these got
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[neil_schoepp]: speak very fast
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[casey_]: yeah
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[neil_schoepp]: so we'll need some that speaks slower
and it has a more calm demeanour
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[casey_]: yeah and that's why
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[neil_schoepp]: yeah
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[casey_]: these podcasts are so valuable to a
lot of people out there because when when
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[casey_]: people hear what you're doing and there
they're actually able to be hypothetically in a
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[casey_]: room with us right now and here
us talking without actually having to leave the
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[casey_]: physicality where they're at an and and
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00:09:29,566 --> 00:09:30,526
[neil_schoepp]: yeah
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[casey_]: they can learn why they're doing something
else so
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[neil_schoepp]: so
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00:09:32,124 --> 00:09:34,347
[casey_]: um well let's talk a little bit
about
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00:09:34,376 --> 00:09:34,600
[neil_schoepp]: okay
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00:09:34,648 --> 00:09:39,356
[casey_]: bull mac property s and maybe how
you got started because i know we have
215
00:09:39,396 --> 00:09:45,526
[casey_]: a lot of beginning indicators beginning capital
raisers beginning people out there that
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[neil_schoepp]: yeah
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00:09:45,967 --> 00:09:50,715
[casey_]: that want to not necessarily know how
to make that mind shift let's say they've
218
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[casey_]: made that mind shift and mind set
shift and now they want to start diving
219
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[casey_]: into the real estate world what what
220
00:09:57,616 --> 00:09:57,777
[neil_schoepp]: ye
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[casey_]: tell us a little bit about bull
mack and how that started
222
00:10:01,496 --> 00:10:08,583
[neil_schoepp]: so bum started because i had small
properties right a couple of single families do
223
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[neil_schoepp]: plexus and i wanted economies a scale
224
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[casey_]: yep
225
00:10:11,906 --> 00:10:17,395
[neil_schoepp]: specifically i wanted the control that commercial
multi family affords you
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[casey_]: m m
227
00:10:18,848 --> 00:10:24,583
[neil_schoepp]: so what i did was i then
went out and built my education and i
228
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[neil_schoepp]: formed a partnership with a couple of
individuals actually my nephew
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[casey_]: oh
230
00:10:30,593 --> 00:10:34,146
[neil_schoepp]: who's jana virginia bull max based in
virginia
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[casey_]: hm
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00:10:35,190 --> 00:10:40,193
[neil_schoepp]: and he had the market knowledge i
had the real estate knowledge and we put
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[neil_schoepp]: that together we brought in a third
partner
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00:10:43,304 --> 00:10:43,366
[casey_]: ah
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00:10:43,601 --> 00:10:46,267
[neil_schoepp]: that had the maintenance knowledge
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[casey_]: okay
237
00:10:47,008 --> 00:10:50,874
[neil_schoepp]: so i have somebody that knows the
market inside and out i have somebody that
238
00:10:51,415 --> 00:10:58,247
[neil_schoepp]: knows real estate and has connections to
the real estate realm or the knowledge and
239
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[neil_schoepp]: then i have someone that can fix
anything my he head of maintenance my other
240
00:11:04,340 --> 00:11:09,609
[neil_schoepp]: partner he can fix anything it's absolutely
amazing so when i go and look at
241
00:11:09,670 --> 00:11:14,365
[neil_schoepp]: properties now i have the team in
place i know if the area is an
242
00:11:14,466 --> 00:11:18,020
[neil_schoepp]: area i want to be in because
somebody on my team is telling me this
243
00:11:18,060 --> 00:11:23,817
[neil_schoepp]: is where we want to be and
when i initially a big advantage we get
244
00:11:23,877 --> 00:11:29,180
[neil_schoepp]: out of it is when i bring
my the partner there and he walks the
245
00:11:29,220 --> 00:11:33,668
[neil_schoepp]: property he's like yeah i know this
is going to need and he can give
246
00:11:33,828 --> 00:11:37,715
[neil_schoepp]: a ball park for that initial under
writing he can give a ball park of
247
00:11:38,306 --> 00:11:43,063
[neil_schoepp]: how much it's going to cost to
put that value component in there
248
00:11:43,490 --> 00:11:43,611
[casey_]: yeah
249
00:11:43,825 --> 00:11:44,106
[neil_schoepp]: so that
250
00:11:44,156 --> 00:11:44,297
[casey_]: yeah
251
00:11:44,206 --> 00:11:50,190
[neil_schoepp]: we can be very quick and competitive
right from i mean our one not even
252
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[neil_schoepp]: day one hour one
253
00:11:51,730 --> 00:11:57,842
[casey_]: ah well and that's i mean and
that's the team that's what they always say
254
00:11:58,003 --> 00:12:03,532
[casey_]: is in this business is the team
makes everything from the deal all the way
255
00:12:03,632 --> 00:12:08,100
[casey_]: through to the profit um and having
the right team around you
256
00:12:08,716 --> 00:12:09,144
[neil_schoepp]: yes
257
00:12:09,762 --> 00:12:13,488
[casey_]: is definitely that and when you got
some i that's the that's the mrfixit of
258
00:12:13,609 --> 00:12:20,059
[casey_]: that type of scenario man that's that's
unreal so what geogratyou said so you said
259
00:12:20,220 --> 00:12:23,105
[casey_]: start you owned a bunch of small
properties do you still own those or have
260
00:12:23,165 --> 00:12:27,412
[casey_]: you are you scaled into to like
you said you wanted economies of scale which
261
00:12:27,452 --> 00:12:33,183
[casey_]: we all want obviously where geographically speaking
what what do you have and then a
262
00:12:33,343 --> 00:12:34,507
[casey_]: kind of how's that group right
263
00:12:34,426 --> 00:12:35,146
[neil_schoepp]: yeah
264
00:12:34,547 --> 00:12:34,688
[casey_]: now
265
00:12:35,546 --> 00:12:43,511
[neil_schoepp]: so i'm in pensylvania and in virginia
i'm transitioning out of the small property so
266
00:12:43,852 --> 00:12:49,083
[neil_schoepp]: i actually only have one duplex left
and that i got a great story about
267
00:12:49,143 --> 00:12:50,065
[neil_schoepp]: that duplex case
268
00:12:50,437 --> 00:12:50,821
[casey_]: all right
269
00:12:50,686 --> 00:12:50,926
[neil_schoepp]: really
270
00:12:50,881 --> 00:12:51,245
[casey_]: dallas
271
00:12:52,129 --> 00:12:57,720
[neil_schoepp]: to really inspire your listeners but i
kept that duplex for a very specific reason
272
00:12:58,481 --> 00:13:05,787
[neil_schoepp]: and i have forty three doors here
in pennsylvania and then i have another eight
273
00:13:05,987 --> 00:13:08,214
[neil_schoepp]: doors down in virginia beach
274
00:13:09,195 --> 00:13:09,398
[casey_]: wow
275
00:13:11,027 --> 00:13:18,281
[neil_schoepp]: and those eight doors again just buying
properties properly having that plan in place and
276
00:13:18,341 --> 00:13:23,270
[neil_schoepp]: moving that plan forward so i can
discuss all of that i really want to
277
00:13:23,330 --> 00:13:25,354
[neil_schoepp]: get to the duplex really quickly
278
00:13:25,740 --> 00:13:25,922
[casey_]: okay
279
00:13:26,806 --> 00:13:31,417
[neil_schoepp]: duplex one of my tenants moved out
and that
280
00:13:31,282 --> 00:13:31,425
[casey_]: kay
281
00:13:31,657 --> 00:13:35,461
[neil_schoepp]: now needs to turn so i have
a seventeen year old son
282
00:13:36,044 --> 00:13:36,285
[casey_]: okay
283
00:13:36,181 --> 00:13:39,825
[neil_schoepp]: that seventeen year old son comes to
me and says listen i want to piece
284
00:13:39,885 --> 00:13:40,125
[neil_schoepp]: it is
285
00:13:40,800 --> 00:13:40,981
[casey_]: uh
286
00:13:40,956 --> 00:13:45,203
[neil_schoepp]: how can i get into this and
i told him straight out all right well
287
00:13:45,544 --> 00:13:49,871
[neil_schoepp]: you have some savings you do david
mss envelope system essentially
288
00:13:50,220 --> 00:13:50,362
[casey_]: yep
289
00:13:50,292 --> 00:13:56,252
[neil_schoepp]: you have some savings you you can
use that savings to purchase all of the
290
00:13:56,372 --> 00:14:04,860
[neil_schoepp]: stuff you need paint paint brushes corking
whatever you need to turn that unit you
291
00:14:04,961 --> 00:14:09,653
[neil_schoepp]: do all the work on the unit
and you earn part of that cash
292
00:14:09,610 --> 00:14:09,710
[casey_]: ah
293
00:14:09,734 --> 00:14:10,882
[neil_schoepp]: though oh
294
00:14:10,992 --> 00:14:12,996
[casey_]: well i mean and that's and how
old
295
00:14:13,107 --> 00:14:13,188
[neil_schoepp]: and
296
00:14:13,116 --> 00:14:14,038
[casey_]: you said seventeen
297
00:14:14,926 --> 00:14:22,547
[neil_schoepp]: seventeen and he's like in so again
people say well i have no money i'm
298
00:14:22,667 --> 00:14:28,298
[neil_schoepp]: sure your your your listeners have kids
that that complaining about they have no money
299
00:14:28,558 --> 00:14:34,324
[neil_schoepp]: you don't need money to get into
deals you need resourcefulness you need ingenuity you
300
00:14:34,364 --> 00:14:35,265
[neil_schoepp]: need creativity
301
00:14:35,950 --> 00:14:40,156
[casey_]: well you have to be able to
have those things otherwise it's makes it really
302
00:14:40,256 --> 00:14:40,797
[casey_]: difficult
303
00:14:40,836 --> 00:14:41,038
[neil_schoepp]: yes
304
00:14:40,997 --> 00:14:41,117
[casey_]: to
305
00:14:44,722 --> 00:14:50,011
[casey_]: and that's the whole thing like you
said resourcefulness is really that's what i focus
306
00:14:50,111 --> 00:14:53,517
[casey_]: a lot on teaching my kids is
resourcefulness i mean i don't care if they
307
00:14:53,557 --> 00:14:57,624
[casey_]: get it wrong i don't care if
they get it or they do something that
308
00:14:57,804 --> 00:15:00,268
[casey_]: the screws thing i mean as long
as they're trying
309
00:14:59,936 --> 00:15:00,098
[neil_schoepp]: yes
310
00:15:00,348 --> 00:15:01,510
[casey_]: as long as they're being resourceful
311
00:15:01,116 --> 00:15:01,321
[neil_schoepp]: yes
312
00:15:01,550 --> 00:15:04,956
[casey_]: as long as they're trying to say
okay hey i have this problem now if
313
00:15:05,016 --> 00:15:09,303
[casey_]: i have this problem what is the
first step i'm going to take towards solving
314
00:15:09,187 --> 00:15:09,349
[neil_schoepp]: yeah
315
00:15:09,363 --> 00:15:10,485
[casey_]: it what am i what's the
316
00:15:10,519 --> 00:15:11,026
[neil_schoepp]: hm
317
00:15:10,565 --> 00:15:12,889
[casey_]: second step i'm going to take then
you know
318
00:15:12,886 --> 00:15:13,133
[neil_schoepp]: yeah
319
00:15:13,270 --> 00:15:17,817
[casey_]: and and a lot of times what
i found very difficult to teach my kids
320
00:15:18,598 --> 00:15:25,619
[casey_]: is to think about all of these
steps before you start necessarily doing things that
321
00:15:25,719 --> 00:15:30,547
[casey_]: can't be undone if you get to
step three and it hadn't worked right so
322
00:15:30,948 --> 00:15:34,513
[casey_]: i'm not saying you need not do
step one because your scared step three is
323
00:15:34,553 --> 00:15:39,710
[casey_]: not going to work i'm simply saying
just have a vision for okay hey if
324
00:15:39,770 --> 00:15:42,415
[casey_]: i get to step three and it
doesn't work what's planned be you know what
325
00:15:42,435 --> 00:15:47,825
[casey_]: i'm saying so and that that's again
in my in my thinking in my way
326
00:15:47,885 --> 00:15:49,268
[casey_]: of teaching that
327
00:15:50,416 --> 00:15:51,087
[neil_schoepp]: yes
328
00:15:50,640 --> 00:15:52,508
[casey_]: is resourcefulness like the definition of it
329
00:15:52,516 --> 00:15:52,676
[neil_schoepp]: yeah
330
00:15:53,040 --> 00:15:53,201
[casey_]: oh
331
00:15:53,859 --> 00:15:55,443
[neil_schoepp]: my plan b is we're going to
figure it out
332
00:15:56,290 --> 00:15:57,352
[casey_]: that's right that's
333
00:15:57,327 --> 00:15:57,468
[neil_schoepp]: that
334
00:15:57,472 --> 00:15:58,114
[casey_]: right and and
335
00:15:58,073 --> 00:15:58,314
[neil_schoepp]: that's what
336
00:15:58,254 --> 00:15:58,955
[casey_]: and when you when
337
00:15:58,878 --> 00:15:59,181
[neil_schoepp]: to figure
338
00:15:58,995 --> 00:15:59,396
[casey_]: you have
339
00:15:59,241 --> 00:15:59,422
[neil_schoepp]: it out
340
00:15:59,456 --> 00:16:04,644
[casey_]: that yeah when you have that that
thought process of saying okay hey you know
341
00:16:04,684 --> 00:16:08,911
[casey_]: there's no there's no step in this
whole thing that has reversible where we can
342
00:16:08,991 --> 00:16:13,555
[casey_]: go back but you know because i'd
be honest with you one of my biggest
343
00:16:13,635 --> 00:16:15,436
[casey_]: weaknesses is is
344
00:16:15,436 --> 00:16:16,246
[neil_schoepp]: oh
345
00:16:15,596 --> 00:16:22,666
[casey_]: doing things that can't be undone first
and not not being like you know once
346
00:16:22,706 --> 00:16:26,195
[casey_]: you drill a hole that holes you
know what i'm saying i mean it's and
347
00:16:26,697 --> 00:16:26,777
[neil_schoepp]: so
348
00:16:26,736 --> 00:16:26,836
[casey_]: and
349
00:16:26,877 --> 00:16:26,998
[neil_schoepp]: when
350
00:16:27,017 --> 00:16:27,378
[casey_]: sometimes
351
00:16:27,038 --> 00:16:27,579
[neil_schoepp]: i get to those
352
00:16:27,478 --> 00:16:27,698
[casey_]: i get
353
00:16:27,699 --> 00:16:29,062
[neil_schoepp]: point i'm sorry
354
00:16:30,120 --> 00:16:32,784
[casey_]: sometimes he get a ittle carried away
this is probably
355
00:16:32,533 --> 00:16:32,614
[neil_schoepp]: so
356
00:16:32,805 --> 00:16:34,187
[casey_]: this way my wife says anyway
357
00:16:34,867 --> 00:16:37,411
[neil_schoepp]: that's when the heel sign comes out
right that's when
358
00:16:37,491 --> 00:16:37,635
[casey_]: yeah
359
00:16:37,812 --> 00:16:40,857
[neil_schoepp]: because i like going a hundred miles
an hour so when
360
00:16:40,832 --> 00:16:40,974
[casey_]: yeah
361
00:16:40,917 --> 00:16:43,221
[neil_schoepp]: i get to drilling that hole hold
362
00:16:43,050 --> 00:16:45,060
[casey_]: yeah
363
00:16:43,321 --> 00:16:46,648
[neil_schoepp]: on a second maybe i'm gonna maybe
i'm going to go twenty i was an
364
00:16:46,740 --> 00:16:47,190
[casey_]: oh
365
00:16:46,909 --> 00:16:48,112
[neil_schoepp]: a he and just
366
00:16:48,135 --> 00:16:48,298
[casey_]: yep
367
00:16:48,373 --> 00:16:49,356
[neil_schoepp]: all right with all
368
00:16:49,410 --> 00:16:49,430
[casey_]: m
369
00:16:49,417 --> 00:16:56,018
[neil_schoepp]: the information i have right now is
this the proper action to take okay if
370
00:16:56,014 --> 00:16:56,034
[casey_]: a
371
00:16:56,098 --> 00:16:59,367
[neil_schoepp]: it is the proper action to take
with the information i have right now that
372
00:16:59,427 --> 00:17:01,292
[neil_schoepp]: i'm acting in the best way i
can and
373
00:17:01,370 --> 00:17:01,491
[casey_]: yeah
374
00:17:01,392 --> 00:17:06,133
[neil_schoepp]: i'm going to forge forward and if
that turns out later on that i find
375
00:17:06,254 --> 00:17:10,609
[neil_schoepp]: out that it wasn't the best action
because now i have new information well that
376
00:17:10,649 --> 00:17:15,818
[neil_schoepp]: goes into that that goes into the
data base for the next deal with the
377
00:17:15,850 --> 00:17:15,992
[casey_]: yeah
378
00:17:15,898 --> 00:17:17,801
[neil_schoepp]: next scenario but
379
00:17:17,830 --> 00:17:17,974
[casey_]: yeah
380
00:17:17,841 --> 00:17:19,704
[neil_schoepp]: i'm not going to beat myself up
over it
381
00:17:20,221 --> 00:17:20,343
[casey_]: yep
382
00:17:20,546 --> 00:17:22,630
[neil_schoepp]: i'm going to be upset yeah i'm
gonna be upset am i going to be
383
00:17:22,691 --> 00:17:26,560
[neil_schoepp]: like down for a couple of hours
a day yes
384
00:17:26,420 --> 00:17:26,562
[casey_]: yeah
385
00:17:27,101 --> 00:17:31,803
[neil_schoepp]: but i'm not going to let it
fact me still forging forward
386
00:17:31,564 --> 00:17:35,416
[casey_]: ah that's right that's right because if
it does affect
387
00:17:35,416 --> 00:17:35,641
[neil_schoepp]: oh
388
00:17:35,456 --> 00:17:38,082
[casey_]: you then you might as well just
stop and go back
389
00:17:38,097 --> 00:17:38,219
[neil_schoepp]: yeah
390
00:17:38,122 --> 00:17:39,305
[casey_]: to your w to job right
391
00:17:40,696 --> 00:17:44,348
[neil_schoepp]: there you go atrigthey always jump off
the cliff then they build a parashoot
392
00:17:44,870 --> 00:17:45,350
[casey_]: that's right
393
00:17:45,170 --> 00:17:45,271
[neil_schoepp]: so
394
00:17:45,571 --> 00:17:45,751
[casey_]: that's
395
00:17:45,752 --> 00:17:45,973
[neil_schoepp]: that's
396
00:17:45,851 --> 00:17:52,602
[casey_]: right and and and that's what makes
that's what makes all of this stuff jibe
397
00:17:52,703 --> 00:18:00,235
[casey_]: and work and so so how how
many doors do you have how many doors
398
00:18:00,275 --> 00:18:03,039
[casey_]: are you up to right now what
do you have going on right this minute
399
00:18:03,527 --> 00:18:06,533
[neil_schoepp]: i'm up to fifty three and two
to fifty four
400
00:18:07,970 --> 00:18:08,150
[casey_]: that's
401
00:18:08,066 --> 00:18:08,206
[neil_schoepp]: three
402
00:18:08,190 --> 00:18:08,391
[casey_]: pretty
403
00:18:08,246 --> 00:18:08,447
[neil_schoepp]: and two
404
00:18:08,431 --> 00:18:08,632
[casey_]: good
405
00:18:08,507 --> 00:18:10,472
[neil_schoepp]: fifty five that's great mass
406
00:18:10,598 --> 00:18:10,919
[casey_]: mostly
407
00:18:10,792 --> 00:18:10,913
[neil_schoepp]: so i
408
00:18:10,999 --> 00:18:13,366
[casey_]: duplex quadplex triplex stuff
409
00:18:13,196 --> 00:18:19,284
[neil_schoepp]: what a three in pensylvania eight down
below and two here so that's forty
410
00:18:19,211 --> 00:18:19,432
[casey_]: what's
411
00:18:19,384 --> 00:18:19,604
[neil_schoepp]: five
412
00:18:19,512 --> 00:18:22,898
[casey_]: the makeup of unit sizes and stuff
413
00:18:23,876 --> 00:18:24,939
[neil_schoepp]: ah so
414
00:18:27,990 --> 00:18:28,274
[casey_]: oh
415
00:18:28,416 --> 00:18:31,502
[neil_schoepp]: primarily all two bedrooms are
416
00:18:31,841 --> 00:18:32,525
[casey_]: duplexis
417
00:18:32,164 --> 00:18:32,504
[neil_schoepp]: so i
418
00:18:32,726 --> 00:18:33,431
[casey_]: quadplexes
419
00:18:34,136 --> 00:18:35,398
[neil_schoepp]: plexus forty three doors
420
00:18:35,370 --> 00:18:35,470
[casey_]: ye
421
00:18:35,599 --> 00:18:38,825
[neil_schoepp]: is one building and eight doors is
another building
422
00:18:40,101 --> 00:18:40,485
[casey_]: and that's
423
00:18:40,667 --> 00:18:40,908
[neil_schoepp]: when do
424
00:18:40,951 --> 00:18:41,133
[casey_]: yeah
425
00:18:41,028 --> 00:18:45,816
[neil_schoepp]: plexeneitplex and one forty three do property
m
426
00:18:45,840 --> 00:18:47,843
[casey_]: wow and now let's talk
427
00:18:47,869 --> 00:18:47,889
[neil_schoepp]: i
428
00:18:47,883 --> 00:18:52,708
[casey_]: a little bit about outside capital how
much outside capital did you raise and how
429
00:18:52,748 --> 00:18:53,389
[casey_]: did you do that
430
00:18:54,777 --> 00:18:54,898
[neil_schoepp]: so
431
00:18:54,852 --> 00:18:55,198
[casey_]: if you did
432
00:18:56,661 --> 00:19:04,798
[neil_schoepp]: i didn't raise i didn't physically raise
the capital for the forty three the aplex
433
00:19:04,938 --> 00:19:10,027
[neil_schoepp]: we brought cash and the duplex we
just finance i mean the duplex was i
434
00:19:10,087 --> 00:19:11,309
[neil_schoepp]: brought the duplex a long time ago
435
00:19:12,021 --> 00:19:12,204
[casey_]: that's
436
00:19:12,050 --> 00:19:12,130
[neil_schoepp]: the
437
00:19:12,244 --> 00:19:12,366
[casey_]: true
438
00:19:12,711 --> 00:19:16,348
[neil_schoepp]: the duplex is my college savings and
for my daughter
439
00:19:16,830 --> 00:19:17,233
[casey_]: there you go
440
00:19:17,367 --> 00:19:21,729
[neil_schoepp]: so i purchased that back in two
thousand three is
441
00:19:22,220 --> 00:19:22,363
[casey_]: yep
442
00:19:22,410 --> 00:19:27,034
[neil_schoepp]: somewhere around there with the intent that
the equity that property
443
00:19:27,090 --> 00:19:28,170
[casey_]: yeah
444
00:19:27,094 --> 00:19:32,318
[neil_schoepp]: was going to generate would pay for
my college is my daughter s college and
445
00:19:32,378 --> 00:19:34,064
[neil_schoepp]: she's now going to pen state end
446
00:19:34,841 --> 00:19:36,000
[casey_]: okay
447
00:19:35,046 --> 00:19:36,069
[neil_schoepp]: it's paid for i don't have to
worry
448
00:19:36,090 --> 00:19:36,110
[casey_]: m
449
00:19:36,309 --> 00:19:38,436
[neil_schoepp]: i don't wake up thinking about how
i'm going to pay
450
00:19:38,491 --> 00:19:38,674
[casey_]: yeah
451
00:19:38,496 --> 00:19:40,141
[neil_schoepp]: for college because the
452
00:19:40,171 --> 00:19:40,413
[casey_]: sure
453
00:19:40,262 --> 00:19:40,623
[neil_schoepp]: duplex
454
00:19:42,082 --> 00:19:45,875
[casey_]: and and then so i'm assuming that
it kind of brings in brings
455
00:19:45,706 --> 00:19:46,456
[neil_schoepp]: yeah
456
00:19:45,996 --> 00:19:50,475
[casey_]: in money now and it money just
gets put back and then pays for
457
00:19:50,406 --> 00:19:50,530
[neil_schoepp]: yeah
458
00:19:50,515 --> 00:19:52,198
[casey_]: the school right and that's
459
00:19:52,046 --> 00:19:52,228
[neil_schoepp]: yes
460
00:19:52,278 --> 00:19:54,903
[casey_]: aw that's awesome and and it's
461
00:19:54,916 --> 00:19:55,433
[neil_schoepp]: ye
462
00:19:55,043 --> 00:20:00,171
[casey_]: just there you go there's the resourcefulness
of saying hey these this is what's causing
463
00:20:00,212 --> 00:20:04,138
[casey_]: me sleepless nights i'm going to be
resourceful enough to go out and figure out
464
00:20:04,218 --> 00:20:08,505
[casey_]: how to solve that and then once
you do solve it it's like dan was
465
00:20:08,585 --> 00:20:11,414
[casey_]: that that staples the button that easy
466
00:20:11,266 --> 00:20:12,407
[neil_schoepp]: yes that was easy
467
00:20:13,110 --> 00:20:13,130
[casey_]: m
468
00:20:13,147 --> 00:20:15,829
[neil_schoepp]: and it really was like by the
duplex the duplex
469
00:20:15,780 --> 00:20:15,881
[casey_]: ye
470
00:20:16,410 --> 00:20:21,875
[neil_schoepp]: generates your cash flow it then builds
equity i'm not physically paying down the mortgage
471
00:20:22,055 --> 00:20:22,255
[neil_schoepp]: right
472
00:20:23,240 --> 00:20:23,383
[casey_]: yep
473
00:20:23,536 --> 00:20:28,641
[neil_schoepp]: the clients are paying down the mortgage
that now has equity i take a heel
474
00:20:28,722 --> 00:20:34,128
[neil_schoepp]: lock or i re finance it and
i drew out that that capital the capital
475
00:20:34,208 --> 00:20:39,757
[neil_schoepp]: is then used to pay for the
college education which by the way clients are
476
00:20:39,817 --> 00:20:42,022
[neil_schoepp]: now still paying down that loan and
the property
477
00:20:42,021 --> 00:20:42,203
[casey_]: yeah
478
00:20:42,163 --> 00:20:42,944
[neil_schoepp]: still cash loan
479
00:20:43,540 --> 00:20:44,306
[casey_]: sure sure
480
00:20:44,476 --> 00:20:44,536
[neil_schoepp]: so
481
00:20:44,769 --> 00:20:44,971
[casey_]: i mean
482
00:20:44,898 --> 00:20:45,280
[neil_schoepp]: i'm still
483
00:20:45,233 --> 00:20:45,434
[casey_]: there
484
00:20:46,064 --> 00:20:47,893
[neil_schoepp]: o and college is free
485
00:20:48,470 --> 00:20:49,152
[casey_]: yeah there's
486
00:20:49,216 --> 00:20:49,439
[neil_schoepp]: yeah
487
00:20:49,232 --> 00:20:53,184
[casey_]: so many different ways to do it
man and everybody wants to and what's always
488
00:20:53,665 --> 00:20:54,347
[casey_]: what's always
489
00:20:55,127 --> 00:20:55,313
[neil_schoepp]: yes
490
00:20:55,750 --> 00:21:00,374
[casey_]: really kind of been a what's always
kind of been a pain point for me
491
00:21:00,614 --> 00:21:05,459
[casey_]: and in talking to people about it
is as wall street has done a wonderful
492
00:21:05,559 --> 00:21:12,855
[casey_]: job on the the way that they
you know think about how many people out
493
00:21:12,895 --> 00:21:15,620
[casey_]: there have these college plans with
494
00:21:15,516 --> 00:21:15,680
[neil_schoepp]: yes
495
00:21:15,780 --> 00:21:22,251
[casey_]: some investor advisors somewhere and that investor
advisors somewhere has this money tied up in
496
00:21:22,972 --> 00:21:23,413
[casey_]: stocks
497
00:21:23,057 --> 00:21:23,340
[neil_schoepp]: yes
498
00:21:23,613 --> 00:21:24,795
[casey_]: and bonds and this
499
00:21:24,908 --> 00:21:25,092
[neil_schoepp]: yeah
500
00:21:24,915 --> 00:21:29,363
[casey_]: and that and whatever and instead of
just saying hey why don't you why don't
501
00:21:29,423 --> 00:21:32,989
[casey_]: you let somebody pay the mortgage down
when when your child is born by do
502
00:21:33,109 --> 00:21:34,271
[casey_]: play fifteen
503
00:21:34,006 --> 00:21:34,171
[neil_schoepp]: ye
504
00:21:34,331 --> 00:21:39,239
[casey_]: year mortgage let somebody pay that down
over that fifteen years then when they get
505
00:21:39,279 --> 00:21:43,907
[casey_]: sixteen seventeen eighteen that's time to put
back a little bit and then and now
506
00:21:44,548 --> 00:21:48,395
[casey_]: i say all of this kind of
looking back on my kids childhoods as well
507
00:21:48,455 --> 00:21:53,603
[casey_]: so it's not something that i did
i'm just saying that that once i learned
508
00:21:53,623 --> 00:21:56,027
[casey_]: about all this and then wall street
has done a really good job of saying
509
00:21:56,067 --> 00:21:58,972
[casey_]: hey we will do this for you
and we will charge the hell out of
510
00:21:59,032 --> 00:22:02,498
[casey_]: you to do it rather than you
just going and buying it doing it yourself
511
00:22:02,819 --> 00:22:06,725
[casey_]: or even for that matter by side
by side single family residences or buy two
512
00:22:06,925 --> 00:22:12,515
[casey_]: you know whatever it takes let some
money pay those down over the first fifteen
513
00:22:12,196 --> 00:22:12,657
[neil_schoepp]: oh
514
00:22:12,555 --> 00:22:17,764
[casey_]: sixteen seventeen years of their life they
go to college re finance that pays for
515
00:22:17,824 --> 00:22:20,688
[casey_]: college or pays for most to college
and then and then really
516
00:22:20,607 --> 00:22:20,688
[neil_schoepp]: ah
517
00:22:20,889 --> 00:22:24,355
[casey_]: if you're still if you're still cash
flowing then maybe that even pays for mill
518
00:22:24,395 --> 00:22:26,959
[casey_]: plans and stuff you know what i
mean i mean it's just such
519
00:22:26,916 --> 00:22:27,100
[neil_schoepp]: yes
520
00:22:27,019 --> 00:22:30,304
[casey_]: a it's such a such a resounding
way to
521
00:22:30,168 --> 00:22:30,290
[neil_schoepp]: yeah
522
00:22:30,885 --> 00:22:34,421
[casey_]: to look at it and such a
such a
523
00:22:34,508 --> 00:22:34,589
[neil_schoepp]: to
524
00:22:35,102 --> 00:22:35,724
[casey_]: there's no middle
525
00:22:35,717 --> 00:22:35,798
[neil_schoepp]: no
526
00:22:35,744 --> 00:22:37,328
[casey_]: men in that deal you know what
i mean
527
00:22:37,907 --> 00:22:44,286
[neil_schoepp]: there is no middle meal wall street
is a business it's a business so those
528
00:22:44,727 --> 00:22:50,156
[neil_schoepp]: financial advices need to put food on
their tables they put food on their tables
529
00:22:50,236 --> 00:22:54,023
[neil_schoepp]: by the amount of products they sell
just like if i was selling cars or
530
00:22:54,063 --> 00:23:01,175
[neil_schoepp]: i was a real estate agent selling
house it's all their salesmen now that may
531
00:23:01,435 --> 00:23:07,705
[neil_schoepp]: work in your life's journey right maybe
you don't want to be
532
00:23:08,460 --> 00:23:08,721
[casey_]: oh
533
00:23:08,708 --> 00:23:11,335
[neil_schoepp]: yeah real estate is passive income right
but it's not
534
00:23:11,395 --> 00:23:11,495
[casey_]: ah
535
00:23:11,556 --> 00:23:13,281
[neil_schoepp]: truly passive like you have
536
00:23:13,230 --> 00:23:14,220
[casey_]: oh
537
00:23:13,341 --> 00:23:14,484
[neil_schoepp]: to work at it is
538
00:23:15,060 --> 00:23:15,810
[casey_]: yeah
539
00:23:15,506 --> 00:23:16,327
[neil_schoepp]: things that you need
540
00:23:16,200 --> 00:23:16,382
[casey_]: yeah
541
00:23:16,427 --> 00:23:20,230
[neil_schoepp]: to do there's things that you need
to attend to if you are going to
542
00:23:20,310 --> 00:23:25,034
[neil_schoepp]: have a duplex in town like i
self manage that duplex they ended up getting
543
00:23:25,075 --> 00:23:29,043
[neil_schoepp]: a water leak an hour before i
was going to walk out to eat the
544
00:23:29,083 --> 00:23:30,696
[neil_schoepp]: dinner and
545
00:23:30,827 --> 00:23:30,948
[casey_]: yep
546
00:23:30,996 --> 00:23:34,903
[neil_schoepp]: now i'm not at easter dinner and
i'm down at the duplex
547
00:23:34,770 --> 00:23:35,011
[casey_]: uh
548
00:23:35,083 --> 00:23:36,205
[neil_schoepp]: taking care of a water leak
549
00:23:36,439 --> 00:23:36,951
[casey_]: uh yeah
550
00:23:36,886 --> 00:23:38,990
[neil_schoepp]: like and at that point i'm like
551
00:23:39,030 --> 00:23:39,648
[casey_]: yea
552
00:23:39,631 --> 00:23:40,072
[neil_schoepp]: carson
553
00:23:39,813 --> 00:23:39,916
[casey_]: ah
554
00:23:40,873 --> 00:23:42,155
[neil_schoepp]: and everything else because i want to
be
555
00:23:42,160 --> 00:23:42,282
[casey_]: yep
556
00:23:42,195 --> 00:23:46,315
[neil_schoepp]: at easter but is it worth a
year it's worth that it's paying for my
557
00:23:46,395 --> 00:23:47,903
[neil_schoepp]: kids college education
558
00:23:48,553 --> 00:23:48,795
[casey_]: sure
559
00:23:49,116 --> 00:23:49,197
[neil_schoepp]: so
560
00:23:49,198 --> 00:23:49,380
[casey_]: sure
561
00:23:49,277 --> 00:23:49,798
[neil_schoepp]: you have to just
562
00:23:49,702 --> 00:23:49,884
[casey_]: yeah
563
00:23:49,938 --> 00:23:57,747
[neil_schoepp]: find what fits into your cycle i'm
not a big ah five five twenty nine
564
00:23:58,588 --> 00:24:00,049
[neil_schoepp]: college fund five twenty nine o five
ball
565
00:24:00,081 --> 00:24:00,224
[casey_]: yep
566
00:24:00,089 --> 00:24:01,431
[neil_schoepp]: nines i'm not a big five
567
00:24:01,324 --> 00:24:01,527
[casey_]: twenty
568
00:24:01,511 --> 00:24:01,771
[neil_schoepp]: twenty
569
00:24:01,568 --> 00:24:01,710
[casey_]: nine
570
00:24:01,811 --> 00:24:08,179
[neil_schoepp]: nine guy i decided to go a
route of duplex because the duplex looks better
571
00:24:08,160 --> 00:24:08,325
[casey_]: oh
572
00:24:08,240 --> 00:24:10,340
[neil_schoepp]: on my personal financial statement
573
00:24:11,153 --> 00:24:11,273
[casey_]: yeah
574
00:24:11,876 --> 00:24:15,340
[neil_schoepp]: it's just it's just the cash cow
it just
575
00:24:15,661 --> 00:24:15,782
[casey_]: yeah
576
00:24:15,801 --> 00:24:16,642
[neil_schoepp]: it just keeps buy
577
00:24:16,829 --> 00:24:16,950
[casey_]: yeah
578
00:24:16,882 --> 00:24:23,883
[neil_schoepp]: assets so that you can go out
there and play however you define that if
579
00:24:23,983 --> 00:24:28,391
[neil_schoepp]: you define that with fast cars or
you define that with vacation homes or you
580
00:24:28,451 --> 00:24:29,954
[neil_schoepp]: define that with ski trips
581
00:24:30,470 --> 00:24:30,612
[casey_]: yeah
582
00:24:30,656 --> 00:24:34,181
[neil_schoepp]: buy your assets so your assets paid
for you're living
583
00:24:34,880 --> 00:24:39,605
[casey_]: yeah yeah and that's and that's the
big thing and and of course everybody
584
00:24:39,496 --> 00:24:39,756
[neil_schoepp]: oh
585
00:24:39,645 --> 00:24:42,630
[casey_]: is looking at this market current the
current market and saying well how do you
586
00:24:42,690 --> 00:24:45,535
[casey_]: do that and how do you you
know the thing is there again it comes
587
00:24:45,615 --> 00:24:50,103
[casey_]: down to resourcefulness getting out and finding
the deals as what difficult right now but
588
00:24:50,784 --> 00:24:54,831
[casey_]: finding the deals really is difficult any
time if you're if you're not resourceful
589
00:24:54,659 --> 00:24:54,824
[neil_schoepp]: look
590
00:24:54,891 --> 00:24:57,575
[casey_]: if you're not trying to figure out
how to do it or what you need
591
00:24:57,615 --> 00:24:58,958
[casey_]: to do but giving
592
00:24:58,809 --> 00:24:59,506
[neil_schoepp]: okay
593
00:24:58,998 --> 00:24:59,939
[casey_]: you the steps
594
00:25:00,427 --> 00:25:00,447
[neil_schoepp]: i
595
00:25:00,645 --> 00:25:08,891
[casey_]: towards that is i mean at least
defining the steps towards what your goal is
596
00:25:09,011 --> 00:25:11,238
[casey_]: is the big that's the big in
my opinion
597
00:25:11,418 --> 00:25:17,246
[neil_schoepp]: yeah defining because that gives you your
road map right it
598
00:25:17,200 --> 00:25:17,323
[casey_]: yeah
599
00:25:17,286 --> 00:25:21,502
[neil_schoepp]: lets you know what you're striving for
it lets you know what to pay attention
600
00:25:21,603 --> 00:25:27,358
[neil_schoepp]: to and when you're focused on something
those opportunities then appear
601
00:25:28,031 --> 00:25:28,152
[casey_]: yeah
602
00:25:28,120 --> 00:25:32,447
[neil_schoepp]: and when you're telling people what you're
looking for and what you are doing over
603
00:25:32,527 --> 00:25:37,415
[neil_schoepp]: setting those opportunities appear we spoke about
it earlier you were speaking about it in
604
00:25:38,396 --> 00:25:45,253
[neil_schoepp]: becoming aware of the opportunities around you
and how so many people just live in
605
00:25:45,493 --> 00:25:50,341
[neil_schoepp]: their little lane in their comfort zone
if i told you don't think about the
606
00:25:50,401 --> 00:25:54,428
[neil_schoepp]: pink elephant right that's of a sudden
all day you're going to be thinking about
607
00:25:54,448 --> 00:25:55,650
[neil_schoepp]: a pink elephant when
608
00:25:55,622 --> 00:25:55,764
[casey_]: yeah
609
00:25:55,670 --> 00:25:58,274
[neil_schoepp]: you're going out and you're shopping for
a car what kind of car do you
610
00:25:58,294 --> 00:25:58,695
[neil_schoepp]: have case
611
00:25:59,432 --> 00:26:01,685
[casey_]: a truck sheverle truck
612
00:26:02,167 --> 00:26:06,434
[neil_schoepp]: okay so now you have a chevy
truck before you purchase that chevy truck you
613
00:26:06,474 --> 00:26:10,040
[neil_schoepp]: were like i really want a chevy
truck i really like blue is my favorite
614
00:26:10,100 --> 00:26:15,496
[neil_schoepp]: color i really want a blue chevy
silverado and then all of a sudden you're
615
00:26:15,536 --> 00:26:19,222
[neil_schoepp]: driving down the road and all you
see are blue chevy carados and you're like
616
00:26:19,282 --> 00:26:19,743
[neil_schoepp]: where the hell
617
00:26:19,645 --> 00:26:19,788
[casey_]: yep
618
00:26:19,803 --> 00:26:25,882
[neil_schoepp]: did all of these come from i
don't understand because you told you a brain
619
00:26:26,986 --> 00:26:28,533
[neil_schoepp]: to this is important
620
00:26:29,100 --> 00:26:29,940
[casey_]: yeah
621
00:26:29,216 --> 00:26:32,236
[neil_schoepp]: keep your eye out for this right
622
00:26:32,630 --> 00:26:32,773
[casey_]: yep
623
00:26:32,899 --> 00:26:37,409
[neil_schoepp]: and and that's literally how it happens
and
624
00:26:37,471 --> 00:26:37,672
[casey_]: well
625
00:26:37,490 --> 00:26:41,624
[neil_schoepp]: now i'm looking four blue she averts
626
00:26:42,040 --> 00:26:42,162
[casey_]: yeah
627
00:26:42,246 --> 00:26:43,953
[neil_schoepp]: drive down the street episode he once
for sale
628
00:26:45,490 --> 00:26:45,671
[casey_]: yeah
629
00:26:45,776 --> 00:26:45,979
[neil_schoepp]: okay
630
00:26:46,272 --> 00:26:50,218
[casey_]: you know and the other thing i
want to kind of shift back here just
631
00:26:50,258 --> 00:26:51,019
[casey_]: a little bit to the
632
00:26:50,986 --> 00:26:51,167
[neil_schoepp]: really
633
00:26:51,060 --> 00:26:52,041
[casey_]: mind set and you know
634
00:26:52,052 --> 00:26:54,385
[neil_schoepp]: yeah
635
00:26:52,101 --> 00:26:58,291
[casey_]: i was thinking i was thinking the
other day about you know was actually reading
636
00:26:58,351 --> 00:26:59,271
[casey_]: a book about elon
637
00:26:59,296 --> 00:26:59,316
[neil_schoepp]: m
638
00:26:59,372 --> 00:27:01,754
[casey_]: musk and um
639
00:27:02,176 --> 00:27:02,617
[neil_schoepp]: oh
640
00:27:02,634 --> 00:27:07,138
[casey_]: you know he first started space x
basically they had
641
00:27:07,756 --> 00:27:07,776
[neil_schoepp]: m
642
00:27:08,420 --> 00:27:13,969
[casey_]: told him or they hadn't told him
but but there was a excuse me there
643
00:27:14,009 --> 00:27:14,430
[casey_]: was a certain
644
00:27:14,206 --> 00:27:15,166
[neil_schoepp]: oh
645
00:27:14,530 --> 00:27:15,672
[casey_]: group around that
646
00:27:15,629 --> 00:27:16,126
[neil_schoepp]: kay
647
00:27:15,712 --> 00:27:20,159
[casey_]: was like hey this is just another
billionaire that wants to come into this space
648
00:27:20,440 --> 00:27:20,540
[casey_]: and
649
00:27:20,566 --> 00:27:20,850
[neil_schoepp]: yeah
650
00:27:20,620 --> 00:27:23,891
[casey_]: box and play around no billionaire has
ever actually
651
00:27:23,686 --> 00:27:25,456
[neil_schoepp]: yeah
652
00:27:24,011 --> 00:27:25,857
[casey_]: made it to space and whatever
653
00:27:25,666 --> 00:27:26,326
[neil_schoepp]: oh
654
00:27:26,037 --> 00:27:26,278
[casey_]: right
655
00:27:26,776 --> 00:27:28,375
[neil_schoepp]: yeah
656
00:27:27,891 --> 00:27:32,947
[casey_]: well he not only did he prove
him wrong to start with but then
657
00:27:33,616 --> 00:27:33,876
[neil_schoepp]: oh
658
00:27:34,290 --> 00:27:37,916
[casey_]: once and they said it says in
the book he wanted to be the southwest
659
00:27:38,056 --> 00:27:42,404
[casey_]: airlines of space and i'm thinking man
this is that's like and you got to
660
00:27:42,444 --> 00:27:45,549
[casey_]: think at the time two thousand three
two thousand four thousand five two thousand two
661
00:27:45,736 --> 00:27:45,962
[neil_schoepp]: yes
662
00:27:46,010 --> 00:27:51,363
[casey_]: in that area that it was such
a that was that was so far advanced
663
00:27:51,784 --> 00:27:58,804
[casey_]: of where we actually were then that
you know he just he had vision and
664
00:27:58,884 --> 00:28:03,011
[casey_]: i want to the reason why i
go back and talk about that is is
665
00:28:03,071 --> 00:28:04,132
[casey_]: because along with all of
666
00:28:04,126 --> 00:28:05,056
[neil_schoepp]: yeah
667
00:28:04,213 --> 00:28:06,917
[casey_]: this mind set everything else you have
t have a vision you have tae vision
668
00:28:06,997 --> 00:28:13,524
[casey_]: of what what do you vision if
you get to your goal what do you
669
00:28:13,764 --> 00:28:15,487
[casey_]: vision happening right
670
00:28:16,277 --> 00:28:16,641
[neil_schoepp]: okay
671
00:28:16,288 --> 00:28:18,372
[casey_]: and the thing the thing that
672
00:28:18,256 --> 00:28:18,976
[neil_schoepp]: oh
673
00:28:18,452 --> 00:28:21,096
[casey_]: i want to point out it's always
like russell brunson who is one of the
674
00:28:21,116 --> 00:28:27,302
[casey_]: greatest marketing minds ever says that you
know there was there was a bunch
675
00:28:27,188 --> 00:28:28,366
[neil_schoepp]: yeah
676
00:28:27,342 --> 00:28:31,208
[casey_]: of athletes trying to make the four
minute mile right they were trying to run
677
00:28:31,248 --> 00:28:31,449
[casey_]: a four
678
00:28:31,317 --> 00:28:31,499
[neil_schoepp]: yes
679
00:28:31,489 --> 00:28:35,195
[casey_]: minute mile the everybody was doing it
they were failing they were failing they were
680
00:28:35,235 --> 00:28:38,182
[casey_]: failing they were missing it by seven
eight ten seconds whatever was
681
00:28:38,656 --> 00:28:38,919
[neil_schoepp]: yes
682
00:28:38,666 --> 00:28:39,634
[casey_]: and then all of a sudden
683
00:28:39,777 --> 00:28:39,899
[neil_schoepp]: what
684
00:28:40,520 --> 00:28:42,413
[casey_]: one guy did i can't remember his
name all of a sudden one
685
00:28:42,386 --> 00:28:42,628
[neil_schoepp]: roger
686
00:28:42,473 --> 00:28:42,594
[casey_]: guy
687
00:28:42,668 --> 00:28:43,071
[neil_schoepp]: bannister
688
00:28:42,695 --> 00:28:48,036
[casey_]: did it you got yeah that's right
the four minute mile and then it was
689
00:28:48,056 --> 00:28:54,118
[casey_]: like once that happened everybody else started
doing it not me not you not
690
00:28:54,616 --> 00:28:55,720
[neil_schoepp]: yeah
691
00:28:54,639 --> 00:29:00,896
[casey_]: average people but the four minute mile
was then broke multiple times um and it's
692
00:29:00,916 --> 00:29:01,497
[casey_]: just it's so
693
00:29:01,702 --> 00:29:01,884
[neil_schoepp]: port
694
00:29:03,090 --> 00:29:03,490
[casey_]: that that
695
00:29:03,401 --> 00:29:03,521
[neil_schoepp]: yeah
696
00:29:03,551 --> 00:29:06,175
[casey_]: to me is just such a such
a i get so
697
00:29:06,196 --> 00:29:06,916
[neil_schoepp]: oh
698
00:29:06,255 --> 00:29:09,060
[casey_]: enamored at that thought of how
699
00:29:09,087 --> 00:29:09,107
[neil_schoepp]: a
700
00:29:09,180 --> 00:29:13,247
[casey_]: does it go from being so and
that's just like the space that the millionaire
701
00:29:13,307 --> 00:29:19,056
[casey_]: space race really right you know you
had all these jeff bassos richard brands and
702
00:29:19,297 --> 00:29:24,325
[casey_]: elam musk all trying to send average
every day people to space
703
00:29:25,216 --> 00:29:25,477
[neil_schoepp]: oh
704
00:29:25,487 --> 00:29:28,776
[casey_]: and their work they worked work they
work and then what all of a sudden
705
00:29:28,836 --> 00:29:29,378
[casey_]: within like
706
00:29:29,836 --> 00:29:30,160
[neil_schoepp]: oh
707
00:29:30,360 --> 00:29:32,343
[casey_]: i'm i'm going to say a couple
of weeks of one another
708
00:29:33,166 --> 00:29:33,447
[neil_schoepp]: yeah
709
00:29:33,204 --> 00:29:36,510
[casey_]: all you hear about is these three
space lanes you know these these people going
710
00:29:36,550 --> 00:29:37,952
[casey_]: up into space these average people like
711
00:29:38,386 --> 00:29:38,612
[neil_schoepp]: yes
712
00:29:39,154 --> 00:29:41,959
[casey_]: me you i'm i'm not an average
average kid the average
713
00:29:41,896 --> 00:29:42,117
[neil_schoepp]: yeah
714
00:29:41,979 --> 00:29:45,808
[casey_]: people us going to space and so
anyway i just
715
00:29:46,514 --> 00:29:46,534
[neil_schoepp]: i
716
00:29:48,232 --> 00:29:51,237
[casey_]: if that doesn't speak to mindset and
that doesn't resonate
717
00:29:51,136 --> 00:29:52,066
[neil_schoepp]: yeah
718
00:29:51,277 --> 00:29:56,145
[casey_]: in a way that makes you think
about your mindset then then i don't know
719
00:29:56,185 --> 00:30:01,061
[casey_]: what else to tell somebody that i
mean go acton w to job i guess
720
00:30:02,497 --> 00:30:08,326
[neil_schoepp]: so it's the tenacity that goes along
with that also el musk went to before
721
00:30:08,386 --> 00:30:11,552
[neil_schoepp]: he knew anything about rockets right he
722
00:30:11,592 --> 00:30:11,734
[casey_]: yeah
723
00:30:11,632 --> 00:30:14,937
[neil_schoepp]: went to russia and he sat with
russia and he said i want to
724
00:30:14,975 --> 00:30:15,116
[casey_]: yep
725
00:30:14,977 --> 00:30:17,001
[neil_schoepp]: buy a rocket and russia looked at
him like
726
00:30:17,020 --> 00:30:17,121
[casey_]: yep
727
00:30:17,061 --> 00:30:20,347
[neil_schoepp]: you're out of mind when it said
rocket go back to the u s you
728
00:30:20,387 --> 00:30:21,288
[neil_schoepp]: don't know anything about
729
00:30:21,100 --> 00:30:21,222
[casey_]: yep
730
00:30:21,368 --> 00:30:24,013
[neil_schoepp]: rockets and elan came back and
731
00:30:24,150 --> 00:30:24,393
[casey_]: oh
732
00:30:24,193 --> 00:30:28,603
[neil_schoepp]: he learned everything he could about rockets
he then
733
00:30:28,533 --> 00:30:28,655
[casey_]: yep
734
00:30:28,964 --> 00:30:34,387
[neil_schoepp]: that was that was his he hit
a road block and he said well i'm
735
00:30:34,447 --> 00:30:39,870
[neil_schoepp]: not allowing this to stop me i'm
becoming the southwest of
736
00:30:39,981 --> 00:30:40,484
[casey_]: of space
737
00:30:41,226 --> 00:30:41,526
[neil_schoepp]: space
738
00:30:42,120 --> 00:30:42,260
[casey_]: yeah
739
00:30:42,849 --> 00:30:44,031
[neil_schoepp]: and nothing was
740
00:30:43,969 --> 00:30:44,109
[casey_]: yeah
741
00:30:44,151 --> 00:30:44,632
[neil_schoepp]: deterring
742
00:30:44,553 --> 00:30:44,718
[casey_]: kay
743
00:30:44,692 --> 00:30:48,258
[neil_schoepp]: me off it that path and he
came back and he learned everything he could
744
00:30:48,298 --> 00:30:49,520
[neil_schoepp]: about rockets and
745
00:30:49,610 --> 00:30:49,731
[casey_]: yep
746
00:30:49,740 --> 00:30:53,866
[neil_schoepp]: i love this part he went back
to russia and he wanted to buy another
747
00:30:53,926 --> 00:30:57,649
[neil_schoepp]: rocket and russia said well you don't
know anything he was like yeah i know
748
00:30:57,809 --> 00:30:59,951
[neil_schoepp]: and he proved to them that he
knew it and
749
00:30:59,900 --> 00:31:00,043
[casey_]: yeah
750
00:30:59,971 --> 00:31:03,154
[neil_schoepp]: when russia wanted to send them a
rock he said no i just now never
751
00:31:03,214 --> 00:31:03,354
[neil_schoepp]: mind
752
00:31:03,481 --> 00:31:03,843
[casey_]: i can build
753
00:31:03,754 --> 00:31:04,015
[neil_schoepp]: you have
754
00:31:03,903 --> 00:31:03,983
[casey_]: my
755
00:31:04,055 --> 00:31:04,135
[neil_schoepp]: you
756
00:31:04,064 --> 00:31:04,225
[casey_]: own
757
00:31:04,195 --> 00:31:04,375
[neil_schoepp]: can
758
00:31:04,285 --> 00:31:04,587
[casey_]: cheaper
759
00:31:05,306 --> 00:31:11,830
[neil_schoepp]: yeah so but it's it's the tenacity
of having that clarity of vision
760
00:31:12,400 --> 00:31:12,521
[casey_]: yep
761
00:31:13,356 --> 00:31:17,231
[neil_schoepp]: knowing what winning looks like and then
producing that
762
00:31:17,600 --> 00:31:17,723
[casey_]: yep
763
00:31:17,854 --> 00:31:21,779
[neil_schoepp]: and not always knowing the how you're
never
764
00:31:21,641 --> 00:31:21,784
[casey_]: yep
765
00:31:21,819 --> 00:31:24,573
[neil_schoepp]: going to be able to lay out
the house from here to there
766
00:31:25,320 --> 00:31:28,405
[casey_]: and yeah yeah because you have to
it was just like you know starting your
767
00:31:28,425 --> 00:31:32,292
[casey_]: own podcast or getting into business or
doing anything you have to take that first
768
00:31:32,332 --> 00:31:35,577
[casey_]: step before you ever really start figuring
out okay how do i need to go
769
00:31:35,637 --> 00:31:39,584
[casey_]: about this because because once you start
wiggling into your nitch that's where things are
770
00:31:39,624 --> 00:31:41,627
[casey_]: going to start changing you know wat
i mean so
771
00:31:41,586 --> 00:31:41,787
[neil_schoepp]: yes
772
00:31:41,728 --> 00:31:44,813
[casey_]: that's how things are goin at change
well listen neil we're running out of time
773
00:31:45,674 --> 00:31:49,441
[casey_]: and with that i want to we've
got a couple of questions we every guest
774
00:31:49,481 --> 00:31:53,651
[casey_]: that comes on the show and the
first of those is what is the best
775
00:31:53,751 --> 00:31:56,578
[casey_]: book that you have recently read or
are currently reading
776
00:31:56,417 --> 00:32:07,384
[neil_schoepp]: wow the best book i've recently read
and currently reading i'm actually currently rooting do
777
00:32:07,485 --> 00:32:13,695
[neil_schoepp]: the impossible by jason trees it's a
mindset book of just getting into the right
778
00:32:14,136 --> 00:32:18,751
[neil_schoepp]: frame so that i can be an
alignment to where i'm going
779
00:32:19,240 --> 00:32:19,361
[casey_]: yeah
780
00:32:19,392 --> 00:32:24,761
[neil_schoepp]: that's a superb book i think one
of my favorite old time books is energy
781
00:32:24,862 --> 00:32:30,211
[neil_schoepp]: leadership by bruce nita which really walks
about it's another mind set book it's a
782
00:32:30,291 --> 00:32:31,533
[neil_schoepp]: coaching book and it just
783
00:32:31,573 --> 00:32:31,734
[casey_]: sure
784
00:32:31,593 --> 00:32:39,521
[neil_schoepp]: talks about different levels and how we
can we're operating at one level and what
785
00:32:39,621 --> 00:32:46,002
[neil_schoepp]: the next level looks like so that
we can start taking advantage of opportunities to
786
00:32:46,926 --> 00:32:52,776
[neil_schoepp]: to operate at a higher level and
the higher the level kind of the better
787
00:32:52,836 --> 00:32:53,501
[neil_schoepp]: life becomes
788
00:32:54,140 --> 00:33:00,066
[casey_]: sure sure ah well all right well
the next question is what is a dream
789
00:33:00,146 --> 00:33:02,649
[casey_]: vacation that you have either taken or
hoped to take
790
00:33:04,338 --> 00:33:11,129
[neil_schoepp]: so anything on the salt water so
i'm pretty my dream vacation is i don't
791
00:33:11,169 --> 00:33:16,279
[neil_schoepp]: remember the place but it's those thatched
huts where you walk out along a board
792
00:33:16,379 --> 00:33:21,132
[neil_schoepp]: walk over blue water your hot has
no walls it's just kind of like out
793
00:33:21,333 --> 00:33:25,070
[neil_schoepp]: there on the physical water but
794
00:33:25,010 --> 00:33:25,270
[casey_]: like b
795
00:33:25,231 --> 00:33:25,952
[neil_schoepp]: anything along
796
00:33:26,052 --> 00:33:27,736
[casey_]: bally or fig or
797
00:33:27,906 --> 00:33:28,107
[neil_schoepp]: yeah
798
00:33:28,217 --> 00:33:31,544
[casey_]: actually i think they have some of
those as close as can coon mexico i
799
00:33:31,604 --> 00:33:32,285
[casey_]: mean i know they do
800
00:33:33,126 --> 00:33:38,211
[neil_schoepp]: this is so i'm thinking about a
place somewhere in indonesia i saw it online
801
00:33:38,231 --> 00:33:40,333
[neil_schoepp]: and i'm like that's really cool but
anything
802
00:33:40,241 --> 00:33:40,385
[casey_]: yeah
803
00:33:40,393 --> 00:33:41,975
[neil_schoepp]: around the sort what i love the
salt water
804
00:33:42,420 --> 00:33:46,907
[casey_]: awesome and awesome all right well listen
if the listeners heard something that resonated with
805
00:33:46,947 --> 00:33:49,351
[casey_]: him and they'd like to reach out
and get in touch with you talk to
806
00:33:49,392 --> 00:33:53,218
[casey_]: you about maybe getting some mind set
coaching or something like that what is the
807
00:33:53,298 --> 00:33:54,447
[casey_]: best way for them to do at
808
00:33:56,268 --> 00:34:00,975
[neil_schoepp]: you can reach out to me directly
neil and i l at new york ship
809
00:34:01,766 --> 00:34:03,537
[neil_schoepp]: dot com so it's
810
00:34:03,650 --> 00:34:03,791
[casey_]: ah
811
00:34:03,739 --> 00:34:07,127
[neil_schoepp]: s c h o e p p
that's my email
812
00:34:07,754 --> 00:34:08,195
[casey_]: awesome yeah
813
00:34:08,250 --> 00:34:08,330
[neil_schoepp]: and
814
00:34:08,316 --> 00:34:08,376
[casey_]: and
815
00:34:08,451 --> 00:34:09,634
[neil_schoepp]: i'm on facebook also so
816
00:34:10,360 --> 00:34:10,921
[casey_]: awesome we're
817
00:34:10,877 --> 00:34:10,958
[neil_schoepp]: le
818
00:34:10,941 --> 00:34:11,141
[casey_]: going to
819
00:34:11,119 --> 00:34:11,280
[neil_schoepp]: ship
820
00:34:11,161 --> 00:34:11,421
[casey_]: put that
821
00:34:11,360 --> 00:34:11,783
[neil_schoepp]: on facebook
822
00:34:11,502 --> 00:34:13,525
[casey_]: in the we'll put that in the
show notes for folks
823
00:34:13,956 --> 00:34:14,117
[neil_schoepp]: yeah
824
00:34:14,186 --> 00:34:18,674
[casey_]: to click on to reach out to
you i can guarantee that that if you
825
00:34:18,754 --> 00:34:22,400
[casey_]: want some one on one training or
some one on one time with neil he
826
00:34:23,301 --> 00:34:27,869
[casey_]: he'll definitely get you if nothing else
headed in the right direction of making that
827
00:34:27,929 --> 00:34:32,436
[casey_]: mind shift so that you can expand
what it is you think you're supposed to
828
00:34:32,477 --> 00:34:39,027
[casey_]: be doing or how you can do
it um and listeners as always please head
829
00:34:39,108 --> 00:34:42,273
[casey_]: down and leave us a five star
review and also type of review so that
830
00:34:42,353 --> 00:34:47,542
[casey_]: others may know what you enjoyed about
the cash flow pro podcast as well why
831
00:34:47,602 --> 00:34:49,948
[casey_]: you're there please push smash
832
00:34:49,829 --> 00:34:49,850
[neil_schoepp]: a
833
00:34:50,048 --> 00:34:55,136
[casey_]: hit subscribe button we we got to
have subscribers right subscribers are what make the
834
00:34:55,196 --> 00:34:59,764
[casey_]: world go round and subscribe to the
channel so that you can be notified when
835
00:34:59,784 --> 00:35:03,270
[casey_]: we release new episodes and you do
not want to miss some of what we
836
00:35:03,470 --> 00:35:04,852
[casey_]: coming up because
837
00:35:04,457 --> 00:35:04,579
[neil_schoepp]: oh
838
00:35:04,932 --> 00:35:05,854
[casey_]: we've got some really
839
00:35:05,596 --> 00:35:05,677
[neil_schoepp]: ye
840
00:35:05,934 --> 00:35:08,959
[casey_]: really still are guests that are going
to help you with your capital raising your
841
00:35:09,016 --> 00:35:09,278
[neil_schoepp]: oh
842
00:35:09,039 --> 00:35:11,724
[casey_]: mind set your your everything so
843
00:35:11,890 --> 00:35:12,011
[neil_schoepp]: so
844
00:35:12,385 --> 00:35:16,574
[casey_]: with that being said neil thank you
so much for your time we really appreciate
845
00:35:16,674 --> 00:35:20,225
[casey_]: you carving out the thirty minutes or
so to be here with us and and
846
00:35:20,285 --> 00:35:21,108
[casey_]: we want to say thank you
847
00:35:21,687 --> 00:35:23,873
[neil_schoepp]: casey you're doing a great job keep
crushing
848
00:35:23,900 --> 00:35:24,000
[casey_]: and
849
00:35:23,913 --> 00:35:24,094
[neil_schoepp]: it out
850
00:35:24,080 --> 00:35:24,140
[casey_]: we
851
00:35:24,134 --> 00:35:24,375
[neil_schoepp]: there and
852
00:35:24,360 --> 00:35:25,041
[casey_]: were trying
853
00:35:24,716 --> 00:35:25,157
[neil_schoepp]: i was happy
854
00:35:25,142 --> 00:35:25,322
[casey_]: we're
855
00:35:25,318 --> 00:35:25,398
[neil_schoepp]: to
856
00:35:25,382 --> 00:35:25,762
[casey_]: trying
857
00:35:25,739 --> 00:35:26,180
[neil_schoepp]: get together
858
00:35:26,043 --> 00:35:29,608
[casey_]: listeners neil and listeners i hope everybody
has a wonderful rest of the day