Dec. 18, 2024

From Dreams to Dollars

From Dreams to Dollars

Are your big dreams stuck while your paycheck feels stuck too? In this episode, Divya Parekh talks with Aaron LaPedis about turning side hustles into thriving ventures. Learn how to take charge of your career, shift from dreaming to doing, and build...

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Are your big dreams stuck while your paycheck feels stuck too? In this episode, Divya Parekh talks with Aaron LaPedis about turning side hustles into thriving ventures. Learn how to take charge of your career, shift from dreaming to doing, and build financial freedom—all while staying aligned with your goals. Don’t wait to unlock your potential and grow your income. 🎧 Listen now and share your biggest takeaway!

Beyond Confidence is broadcast live Tuesdays at 10AM ET on W4WN Radio - Women 4 Women Network (www.w4wn.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Beyond Confidence TV Show is viewed on Talk 4 TV (www.talk4tv.com).

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WEBVTT

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The topics and opinions expressed on the following show are

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solely those of the hosts and their guests, and not

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those of W four WN Radio It's employees or affiliates.

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We make no recommendations or endorsement for radio show programs, services,

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or products mentioned on air or on our web. No liability,

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explicit or implied shall be extended to W four WN

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Radio It's employees or affiliates. Any questions or common should

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be directed to those show hosts. Thank you for choosing

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W four WN Radio.

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This is Beyond Confidence with your host d W.

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Park.

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Do you want to live a more fulfilling life? Do

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you want to live your legacy and achieve your personal, professional,

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and financial goals?

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Well?

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Coming up on ZVO Parks Beyond Confidence, you will hear

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real stories of leaders, entrepreneurs, and achievers who have steps

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into discomfort, shattered their satus quo, and are living the

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life they want. You will learn how relationships are the

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key to achieving your aspirations and financial goals. Moving your

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career business forward does not have to happen at the

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expense of your personal or family life or vice versa.

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Learn more at www dot Dvpork dot com and you

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can connect with tv ants contact dants, dvpark dot com.

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This is beyond confidence and now here's your host TV Park.

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Good morning listeners. We are here together and holidays are

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upon us. So it is so wonderful that we are

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in the midst of holidays and there are a lot

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of exciting things, and.

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I want to share something very exciting.

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I just recently spoke on a tedech stage, so excited

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because it was one of the things that I wanted

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to do on my bucket list.

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And as you get ready.

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For twenty twenty five, it's important to have that bucket list,

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even if it is just two or three things, because

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that's what's going to shape what your twenty twenty five

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is going to be.

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In the beginning of twenty twenty four.

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I had decided that I wanted to be on head stage,

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as I'm sure if it would happen or not. The

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key is dreaming about it and then from dream to

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making it a reality and then going for it. So

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if you want that to happen, we ask you to

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get our books because any of our books, especially the

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Entrepreneur's Gotten an Expert Influencer, will help you do that.

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Take your dreams to making it your destiny.

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And also we want to thank you each and every

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one of you.

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For being part of our show and we.

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Really wish you a wonderful, wonderful Holidays season where it's

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the joy of giving and sharing love and making memories

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with your loved ones.

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So let's bring in our guest welcome eron.

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Thank you for having me on.

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Absolutely, So let me start out from the early beginnings

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in life. Do you recall a moment or a person

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who left a post mark on you?

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You know, I was very very lucky that I had

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a lot of supported neighbors in my neighborhood that gave

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me advice that I still think about today. And I

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had a mentor of somewhat in my twenties that talked

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to me about money. And I think because of the

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people that touched me throughout the years, it.

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Kind of molded me to the way I am.

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I have to say my father was my biggest inspiration

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because I always am looking to emulate how he would

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handle any kind of situation. But I've been very very

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lucky throughout the years to have great people in my life.

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So what would you say that made them great? Mentors.

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You know, sometimes a great mentor will put you in

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the moment to steer you in the moment, and then

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sometimes mentors will tell you what can happen in the

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future and you will understand it better. And the way

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you use what they give you is the way your

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life will kind of move forward. One mentor in my

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twenties told me that I would never understand money until

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I went bankrupt, and I told him I'd go, well,

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I guess I never want to understand money because I

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never want to go bankrupt, and he goes, every great

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entrepreneur who is pushing themselves will either go bankrupt or

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lose it all and have to start all over again,

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and then they truly will understand what mistakes they did

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how to protect them in the future. And you always

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hope that happens early on in your careers. And so

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it actually happened to me during the recession where I

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went I was worth several million and I went four

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million dollars in debt. Nothing I had had any value,

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and I was able Right then and there, I realized

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exactly what that mentor told me twenty years almost fifteen

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years earlier. And because of that, when I was building

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back up what I had. I made corrections, and I

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remembered exactly what he told me, And so the mistakes

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I made previously, I made sure.

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Never to make them again.

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And even though I was four million dollars in debt,

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I went on to selling one of the largest art

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galleries in the United States, and I have a big

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real estate company, and I still I now do pretty

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well for myself, even though in two thousand and nine

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was four million dollars a day.

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Well two thousand and eight, I don't think anybody was

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there who remained untouched by it.

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I agree.

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I have to agree because I remember a lot of

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pain during.

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That time myself.

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So I can definitely see you mentioned about not having

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to make the same mistakes. So can you share with

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past the mistakes that you made at that time so

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that our listeners can learn from it.

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Yeah.

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I owned an art gallery call the Fascination Street Fine

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Art in Denver, Colorado, and I would take every dollar

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I made, and a lot of the money I paid

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myself and put it right back.

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In the company.

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And I never ever kept a cushion, never kept a

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bank account that just had a rainy day funded it,

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and never thought I was going there was going to

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be a hiccup in the economy, So I was never

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looking to the future.

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I was only looking for it today.

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And when you do not look into the future and

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understand the economy, it's not in your control. You do

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not control it at all. I don't care how big

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your company is. And once you understand that and do things,

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have a rainy day fund, protect your personal assets, your

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business assets, and always have money to lean back on.

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That is so important. And if I would have had that,

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I would have been I probably would have been worth

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one hundred million dollars because I was big into real

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estate and when my gallery tanked and all.

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My real estate was worthless.

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If I would have had atten rainy day found here

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in Denver, I could have bought up a ton of

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property on pennies on the dollar and really did very

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well for myself. But I was for the moment, spending

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too much on things I should be spending on and

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definitely not looking into the future.

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So definitely.

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So it sounds like, you know, you had a company,

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you lost it, and then you rebuild it. So what

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was that transition like and what did going from for

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a million in debt how did you come back to

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where you're at?

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You know, I was just not only four million dollars

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in debt. In thirty days, I my wife and I

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almost lost their child you unborn child. Sorry, yeah, we

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almost lost her life. And then I was going through

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financial problems.

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And then this is all within thirty days.

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And in January fifth, two thousand and nine, I had

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a massive heart attack. It's called the widow maker, and

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usually people don't come back from that. And so I

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realized I was given a second chance on this earth,

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and I came back with a vengeance. I did start

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to look into the future. I did think of everything

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that guy told me. I redid my art gallery. My

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art gallery was very tired and did not look welcoming,

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and I took money I did not have and totally

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rehab my art gallery made it look beautiful and stunning.

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And it was during the recession. And everybody called me

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crazy and said, Aaron, you know you don't have any clients, now,

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why are you doing all this? And I'd go, if

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I build it, they will come, a famous line from

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a movie. And that's exactly what happened. Six months later

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my gallery, the economy started to come back around slowly

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but surely people old clients would fall into the gallery

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sometime and they would love what they saw. And then

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the gallery just boomed again, and I was within the

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Denver was the last to hit the recession and the

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first to come out.

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And I was very lucky that.

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I started to look into the future and do all

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the right things and not for the moment. And I

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slowly but surely got myself out of there. I was

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able to scrape some money, buy to buy some real estate,

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and at petties on the dollar, it's not as much

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as I would like. And all the things I did,

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all the hustle I did, went to work and worked

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for me, and I became very successful because of it.

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M HM. So so many of the younger generations would

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learn a lot from this, because success doesn't happen over

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a night, over a minute, you know, as people tell

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us so, especially those instant TikTok and quick fix ads.

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So you mentioned that you know you did the hustle,

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you move through it, and that's really really important.

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But so much is happening, like you.

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Know, with the real estate pricing is so high right

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now that so interest rates may be high, the house

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pricing have escalated. So for the younger generation, like you know,

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for them to have a house is like a dream, Like, oh,

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if somebody doesn't support me, even if I say it's

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not going to happen, what can you tell them about

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the side hustles that you talk about with the garage sale?

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Like so even with their jobs, like they have the jobs,

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how can they build the future by having a side hustle.

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That's a great question. And when I was going through

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the recession, I actually leaned on all my experiences. I'm

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going to garave sales, state sales, using praise list, buying

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and selling on eBay. I was looking at any way

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I could put money in my pocket. And because we

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have Facebook, Marketplace, next Door Marketplace, eBay, people can just

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start with having a garage sale, whether it's at their house,

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at their apartment, even putting it all on Facebook Marketplace,

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generating some money, and then use that money to start

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to buy and sell collectibles or.

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Anything that they have a value. Go to.

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Every state has a whole bunch of live auctions or

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online auctions that people can buy and check the prices

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and then flip it either put it.

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Back on eBay.

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See if you can if you buy a storage units,

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go through that see what's valuable in those. Learn from

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my book how to become the grind sale Millionaire.

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It's not to get rich quick fixed.

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You have to take your time and go to a

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lot of garage sales and look at a lot of

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things on eBay. But you don't become an expert and

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a handful thing and then knowledgeable and a lot of

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things and do your daytime job and at night. This

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is a great side hustle.

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So you mentioned about states having some live auctions, So

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tell us, like you know where are the for example,

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like you know what kind of things are available, and

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where they getting this and where.

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Can people learn about the state auctions.

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So if you google.

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Live auctions in your city or in your state, you'll

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come up with some of the biggest ones that keep

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on doing them over and over again, and then you'll

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get on their email list, and so when they have

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their next online auction or live auction, they'll email you.

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You want to get on as many as possible. And

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throughout the United States, the government has online auctions, you know,

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the Treasury, the Irs, all these places have online auctions

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that you can get on and buy and buy things

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and get them shipped to you. Some bigger things you

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have to go and pick up.

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And then you start.

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You get a great eBay site and you put the

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smaller valuable things on eBay, the bigger things on Facebook, Marketplace,

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and it's you're going to start to see you're going

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to make more money doing this than probably what your

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job pays within the first six months of doing it.

247
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Now you have to put time. It's not overnight, but

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if you do your research and learn the side hustle,

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you'll make a lot of money.

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So I'm sure you're probably and you're probably ended a bit.

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In my next question, you talked about treasury and irs,

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so tell us what is and government? So what kind

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of things they're putting on live auction and online? And

254
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again so you mentioned that for state to recap like,

255
00:15:00.279 --> 00:15:02.480
you know, people can put in live auction in their city,

256
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they can find it, but what about these other entities.

257
00:15:05.919 --> 00:15:12.320
So you're going to see a lot of vehicles, coins, jewelry,

258
00:15:13.200 --> 00:15:16.360
a lot of that stuff, probably even high end purses.

259
00:15:17.039 --> 00:15:20.879
You know, the state and the fence take anything of

260
00:15:21.000 --> 00:15:25.320
value and leave the rest for everybody else. And so

261
00:15:25.440 --> 00:15:28.720
you're going to have to be very familiar with buying

262
00:15:28.960 --> 00:15:33.840
coins and jewelry, understanding what is fourteen carrot gold over

263
00:15:34.279 --> 00:15:35.759
eighteen carrot gold?

264
00:15:35.919 --> 00:15:41.679
What is sterling silver over silver plated? All these things.

265
00:15:41.759 --> 00:15:45.039
How can you tell the difference between silver plated and silver.

266
00:15:47.080 --> 00:15:49.480
It's using a magnet. I'll give you the answer on

267
00:15:49.519 --> 00:15:53.279
that one. I see something they call it gold, but

268
00:15:53.399 --> 00:15:56.279
it's white gold. How do you know it's white gold

269
00:15:56.399 --> 00:16:01.320
not silver? All these things that you need to become

270
00:16:01.399 --> 00:16:05.639
an expert for, especially if you buy it online and

271
00:16:05.720 --> 00:16:08.639
you know, people say, oh, well that's easy, Aaron, I

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can just look at the stamp. Everything is stamped. Well,

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00:16:12.200 --> 00:16:15.600
I will tell you if something stamped fourteen carrot is

274
00:16:16.039 --> 00:16:18.519
there could be as much as a fifty to fifty

275
00:16:18.639 --> 00:16:23.440
chance that stamp is a fake stamp and it is

276
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a fake.

277
00:16:24.720 --> 00:16:27.399
It's not real. Goal it's not silver.

278
00:16:28.200 --> 00:16:30.759
If you buy a lot of silver from not an

279
00:16:30.799 --> 00:16:35.919
authentic store, you bought it from overseas, good chance I

280
00:16:36.000 --> 00:16:39.240
get it retested right now. Good chance that diamond that

281
00:16:39.360 --> 00:16:46.000
you think is real it's a fake man made diamond.

282
00:16:46.879 --> 00:16:48.440
So all these things.

283
00:16:48.559 --> 00:16:49.320
Not only do you.

284
00:16:49.279 --> 00:16:51.279
Have to be good on buying it at a great

285
00:16:51.320 --> 00:16:54.200
place price, you have to make sure what you're buying

286
00:16:54.440 --> 00:16:54.840
is real.

287
00:16:56.320 --> 00:16:58.200
Yeah, so it sounds like it is an art.

288
00:16:58.360 --> 00:17:02.879
So going back to so let's say you mentioned about vehicles.

289
00:17:03.120 --> 00:17:05.880
So where can people find these auction sites?

290
00:17:07.079 --> 00:17:10.960
You know in Denver there are several auction sites.

291
00:17:11.000 --> 00:17:15.039
And why there's so many vehicles is because when cars

292
00:17:15.160 --> 00:17:19.839
get towed by the city, people have thirty to ninety

293
00:17:19.880 --> 00:17:22.440
days to pick up that vehicle. If the vehicle is

294
00:17:22.480 --> 00:17:27.720
not picked up, it is auctioned off and you do

295
00:17:27.839 --> 00:17:31.279
get a title. It is a it's a different kind

296
00:17:31.279 --> 00:17:34.279
of title, but it's still you still get titled to

297
00:17:34.319 --> 00:17:34.960
that vehicle.

298
00:17:36.119 --> 00:17:39.119
The car good chance, may not start or whatever.

299
00:17:39.519 --> 00:17:42.400
But if you're handy with vehicles, this is the way

300
00:17:42.400 --> 00:17:47.160
of making a lot a lot of money because these vehicles,

301
00:17:47.200 --> 00:17:50.079
for whatever reason, were on the side of the road

302
00:17:50.319 --> 00:17:54.000
or were parked illegally and now they just need a

303
00:17:54.039 --> 00:17:58.039
little love and re auction them off or sell them

304
00:17:58.079 --> 00:18:02.319
or use them. And you'll see every major city has

305
00:18:02.440 --> 00:18:07.640
a ton of online vehicle sales because it's just that's

306
00:18:07.720 --> 00:18:10.680
how they that's what happens when they get towed and

307
00:18:10.720 --> 00:18:13.279
everything like that. They go to they eventually go to auction.

308
00:18:15.079 --> 00:18:24.319
Interesting, So you mentioned that there are vehicles and jewelry

309
00:18:24.480 --> 00:18:25.200
and all of that.

310
00:18:27.160 --> 00:18:32.880
Now, how and you also like refer to eBay, how

311
00:18:32.920 --> 00:18:35.799
could people turn the eBay into the best site hustle?

312
00:18:37.240 --> 00:18:41.240
eBay is wonderful, So if you can ship.

313
00:18:40.960 --> 00:18:44.559
It, that's what I imagine is the best thing for eBay.

314
00:18:44.839 --> 00:18:48.319
Everybody says, well, god, I have a garden furniture and

315
00:18:48.799 --> 00:18:54.799
a couch or an antique antique end unit. You know,

316
00:18:54.920 --> 00:18:58.240
those are not good things to do on eBay. You

317
00:18:58.319 --> 00:19:01.440
can and you can say they must pick it up

318
00:19:01.759 --> 00:19:05.079
in Denver or wherever you live. But a lot of

319
00:19:05.119 --> 00:19:10.079
the good things are smaller items. Coins, jewelry, are stamps,

320
00:19:10.640 --> 00:19:18.160
baseball cards, you know, collectible fishing poles, ten toys, you know,

321
00:19:18.279 --> 00:19:23.000
anything that's smaller that can be easily shipped. That's what

322
00:19:23.079 --> 00:19:27.200
eBay is built to do. Books, first edition books all

323
00:19:27.319 --> 00:19:31.359
day long, because you can use sure them and they're

324
00:19:31.400 --> 00:19:33.960
easy to be shipped, and you can take great pictures

325
00:19:34.000 --> 00:19:36.640
of them, and you know, and a lot of times

326
00:19:36.680 --> 00:19:39.480
it's easy to find out prices of these items because

327
00:19:39.839 --> 00:19:40.400
you can go.

328
00:19:40.279 --> 00:19:42.119
Into eBay and then the area.

329
00:19:42.000 --> 00:19:46.240
Called completed auctions and find what that auction that item

330
00:19:46.319 --> 00:19:50.240
has actually sold for in ninety days but you definitely

331
00:19:50.279 --> 00:19:53.799
have want to open up an eBay store and have

332
00:19:53.920 --> 00:19:56.680
it set up and start selling stuff because until you

333
00:19:57.079 --> 00:20:01.119
hit the fifty item mark, eBay does not take you seriously.

334
00:20:01.480 --> 00:20:02.960
Neither does any other buyer.

335
00:20:05.599 --> 00:20:07.720
Interesting, and.

336
00:20:09.240 --> 00:20:11.799
So based on what you're sharing, you know, it seems

337
00:20:11.839 --> 00:20:15.400
pretty easy. Now, question is like, you know, what are

338
00:20:15.440 --> 00:20:18.000
the pitfalls that people need to look out for?

339
00:20:18.119 --> 00:20:20.920
Because everything you know when we.

340
00:20:20.880 --> 00:20:26.119
Are talking about it, it's seems easy. But like, what

341
00:20:26.279 --> 00:20:28.640
could be the top phase to make money on there?

342
00:20:28.680 --> 00:20:31.240
And then what are the pitfalls that people could avoid

343
00:20:31.279 --> 00:20:35.160
based on your experience, So.

344
00:20:35.440 --> 00:20:36.759
It's almost one in the same.

345
00:20:36.839 --> 00:20:39.880
A lot of times people I make money on going

346
00:20:40.079 --> 00:20:43.440
and buying stuff on eBay that is not described properly

347
00:20:44.000 --> 00:20:48.359
or misspell There's a lot of artists that you know,

348
00:20:48.440 --> 00:20:51.640
people have fat fingers and they accidentally hit the key

349
00:20:51.680 --> 00:20:55.240
buttons too many times, and so there's artists out there

350
00:20:55.279 --> 00:20:59.359
in my world that I'll tell you one more famous

351
00:20:59.519 --> 00:21:03.880
artists are Michael Goddard and so many people.

352
00:21:03.920 --> 00:21:08.519
And there's an old dead artist name Godder too. One

353
00:21:08.599 --> 00:21:11.000
spells with one D and the other one spells with

354
00:21:11.079 --> 00:21:11.559
two d's.

355
00:21:12.640 --> 00:21:15.599
The one eye buy and sell is one D and

356
00:21:15.680 --> 00:21:19.680
so if you misspell his name, nobody's going to see it.

357
00:21:20.720 --> 00:21:24.240
And so you go and good chance you'll find these

358
00:21:24.240 --> 00:21:29.160
people that miss misspell or misdescribe it and they haven't

359
00:21:29.160 --> 00:21:32.440
had anybody make them any offers. You come in, make

360
00:21:32.519 --> 00:21:35.440
them a low ball offer. You buy it, bring it

361
00:21:35.440 --> 00:21:38.240
on in, look at it, and then describe it, take

362
00:21:38.319 --> 00:21:42.920
good pictures and spell everything correctly, and suddenly you made

363
00:21:42.920 --> 00:21:45.960
some good money just from somebody not taking their time

364
00:21:46.039 --> 00:21:46.599
on listening.

365
00:21:46.640 --> 00:21:47.359
That IM.

366
00:21:48.640 --> 00:21:49.359
Very interesting.

367
00:21:50.200 --> 00:21:53.279
So it's about also like you know what kind of

368
00:21:53.279 --> 00:21:57.759
descriptions you're doing and other ways where you can follow,

369
00:21:57.880 --> 00:21:59.960
like you know that does email describe?

370
00:22:00.279 --> 00:22:02.400
You know these are the really good sellers.

371
00:22:03.799 --> 00:22:06.759
Is there in ranking where you can see who you're

372
00:22:06.759 --> 00:22:10.480
buying from and kind of learn from them, like you

373
00:22:10.480 --> 00:22:11.279
know what is it about?

374
00:22:11.319 --> 00:22:13.319
Like you know what their store page looks like in

375
00:22:13.359 --> 00:22:13.759
all of them?

376
00:22:14.599 --> 00:22:17.680
Yes, Actually, people can go to my eBay site, the

377
00:22:17.720 --> 00:22:20.960
garage sell Millionaire on eBay and you can look at

378
00:22:21.000 --> 00:22:24.759
the fifteen hundred items I'm selling and see what I

379
00:22:24.920 --> 00:22:28.759
buy and sell and how I list it and everything

380
00:22:28.799 --> 00:22:31.640
that I do. And I have no problem people taking

381
00:22:31.799 --> 00:22:33.839
ideas from my eBay page.

382
00:22:34.640 --> 00:22:36.200
You can you can see everything.

383
00:22:36.359 --> 00:22:39.559
You know, I buy and sell art and coins and

384
00:22:39.720 --> 00:22:44.240
baseball cards. It kind of shows you that nothing's off

385
00:22:44.279 --> 00:22:46.799
limits to make money on. And then you can see

386
00:22:46.839 --> 00:22:50.039
my descriptions and all my photos and you can get

387
00:22:50.079 --> 00:22:52.200
a lot of tips and tricks by going to the

388
00:22:52.240 --> 00:22:53.079
Garage Sale.

389
00:22:52.880 --> 00:22:54.039
Millionaire on eBay.

390
00:22:54.119 --> 00:22:56.480
And people want to ask me questions, they can go

391
00:22:56.519 --> 00:22:59.039
to my Facebook page of the Garage Sale Millionaire.

392
00:23:01.359 --> 00:23:03.519
Well that's a that's a really good tip.

393
00:23:03.599 --> 00:23:06.839
Like, you know, you are making money, So we've talked

394
00:23:06.880 --> 00:23:11.400
about making the money online. Let's kind of move towards

395
00:23:11.559 --> 00:23:14.759
real estate. You said that you have a real estate company.

396
00:23:14.799 --> 00:23:20.240
And again as we talked about, there are these things

397
00:23:20.240 --> 00:23:24.240
that you know, again for the younger generation, so how

398
00:23:24.240 --> 00:23:26.799
can they go about when they're not only making money,

399
00:23:26.839 --> 00:23:31.640
but you know, they are building their own assets.

400
00:23:30.319 --> 00:23:34.000
You know the big Right now, it is a little

401
00:23:34.319 --> 00:23:38.880
more difficult. And the reason why because interest rates are

402
00:23:39.000 --> 00:23:42.920
very very high. But if you are a first time buyer,

403
00:23:44.599 --> 00:23:48.079
this is actually a good time for you because sometimes

404
00:23:48.079 --> 00:23:51.240
some banks will only ask for three to five percent

405
00:23:51.480 --> 00:23:55.759
down and you get one shot at doing that. Also,

406
00:23:55.880 --> 00:23:59.200
if you're a veteran, you have a chance to get

407
00:23:59.480 --> 00:24:01.440
a very inexpensive loan.

408
00:24:02.119 --> 00:24:05.200
And my advice to anybody who is trying to get

409
00:24:05.240 --> 00:24:06.279
into real estate.

410
00:24:06.559 --> 00:24:10.880
Instead of renting, find a home that needs a lot

411
00:24:10.920 --> 00:24:13.880
of work on it in an up and coming neighborhood

412
00:24:15.119 --> 00:24:17.759
and work on it and live in it at the

413
00:24:17.839 --> 00:24:22.400
same time and build up equity instead of paying rent.

414
00:24:22.759 --> 00:24:27.240
You're building up equity and you're fixing your your house

415
00:24:27.359 --> 00:24:31.039
or your townhouse or your condo, and then you know,

416
00:24:31.160 --> 00:24:33.759
after you fix it up, then put it on the

417
00:24:33.799 --> 00:24:36.160
market and then move into somewhere.

418
00:24:35.680 --> 00:24:37.319
Else and do it again.

419
00:24:37.759 --> 00:24:42.079
You don't want to pay rent and have a fix

420
00:24:42.359 --> 00:24:46.160
fix and flipper and do it the same because you'll

421
00:24:46.279 --> 00:24:49.000
use up all your extra money. But that's what I

422
00:24:49.039 --> 00:24:51.839
did starting. I live in the place that I was

423
00:24:51.880 --> 00:24:56.279
fixing up and just keep on and save money on rent.

424
00:24:56.799 --> 00:24:59.319
Or I'd live at my parents and fix something up.

425
00:24:59.680 --> 00:25:03.640
But you need to take every dollar and just start

426
00:25:03.680 --> 00:25:07.200
that way, slow and precise and put it on the market,

427
00:25:07.319 --> 00:25:10.480
sell it, take that money and put it into another

428
00:25:11.200 --> 00:25:12.519
real estate project.

429
00:25:12.799 --> 00:25:15.559
And that's how you create real wealth.

430
00:25:17.279 --> 00:25:18.119
That's very powerful.

431
00:25:18.200 --> 00:25:20.039
So a couple of questions that are coming to me

432
00:25:20.480 --> 00:25:24.279
are like one, there's so many different properties.

433
00:25:23.759 --> 00:25:26.359
And so many things are involved, Like, depending.

434
00:25:26.000 --> 00:25:28.960
On the property that you're buying, you have to see

435
00:25:29.000 --> 00:25:32.440
whether it's in a good neighborhood, good school systems, whether

436
00:25:32.440 --> 00:25:34.759
it's a single unit home, multiple unit home.

437
00:25:35.519 --> 00:25:36.960
Do you have any tips for.

438
00:25:37.920 --> 00:25:40.599
First on buyers as to how can they go about

439
00:25:40.680 --> 00:25:43.240
buying something that they will value?

440
00:25:44.240 --> 00:25:47.440
You know, I always go through the theory of your

441
00:25:47.640 --> 00:25:51.799
You want to be the ugliest house in a beautiful neighborhood.

442
00:25:52.079 --> 00:25:54.759
You want to be the smallest house in a large

443
00:25:54.759 --> 00:25:58.440
house neighborhood. You don't want to set the curve on

444
00:25:59.240 --> 00:26:01.960
the value of your home. You want to be a

445
00:26:02.079 --> 00:26:05.480
good value and that's what you go into. There's always

446
00:26:05.480 --> 00:26:08.559
that one house in that one neighbor part of the

447
00:26:08.599 --> 00:26:12.559
neighborhood that is ugly or is on a corner of

448
00:26:12.599 --> 00:26:15.759
the busy street, but that whole neighborhood is great. So

449
00:26:15.839 --> 00:26:19.359
you want to find that, you know, basically that diamond

450
00:26:19.359 --> 00:26:25.000
in the rough. Yet, schools are very very important, and

451
00:26:25.240 --> 00:26:27.480
you want to look at the school. You can look

452
00:26:27.559 --> 00:26:31.000
up great schools online and.

453
00:26:30.480 --> 00:26:33.000
You can look up the crime rates online.

454
00:26:33.400 --> 00:26:37.359
Every city has an easy way to look at and

455
00:26:37.480 --> 00:26:40.359
look that up and then when you find.

456
00:26:40.240 --> 00:26:41.960
Home, don't make the mistake.

457
00:26:42.039 --> 00:26:45.000
So many people do and not get it inspected by

458
00:26:45.039 --> 00:26:46.119
a home inspector.

459
00:26:46.640 --> 00:26:48.920
You want it inspected from top and bottom.

460
00:26:49.240 --> 00:26:54.000
You want the sewer scope to see if sewer is

461
00:26:54.039 --> 00:26:56.839
in good condition. I can't tell you how many homes

462
00:26:56.920 --> 00:27:01.000
I bought that the sewer is horrible and it could

463
00:27:01.079 --> 00:27:05.519
cost anywhere from ten to thirty thousand dollars to fix

464
00:27:05.599 --> 00:27:08.519
that sewer. You want to do a radon check if

465
00:27:08.640 --> 00:27:13.839
your house is you have radon in the neighborhood.

466
00:27:13.519 --> 00:27:16.480
Definitely, termits, you know, all those things.

467
00:27:16.519 --> 00:27:19.839
You want to be as familiar with that home before

468
00:27:19.920 --> 00:27:23.039
you put your money down that you can be.

469
00:27:24.319 --> 00:27:26.759
Yeah, I know those are very very powerful tips as

470
00:27:26.799 --> 00:27:31.839
to want type of property to buy.

471
00:27:32.640 --> 00:27:33.799
And now what.

472
00:27:33.680 --> 00:27:36.240
About commercial real estate? I know, like you know, a

473
00:27:36.279 --> 00:27:41.759
lot of commercial real estate is not being used because

474
00:27:41.799 --> 00:27:44.720
of the pandemic, Like you know where people started going removed,

475
00:27:44.799 --> 00:27:46.680
but now a lot of companies are coming back.

476
00:27:46.920 --> 00:27:47.960
What are your thoughts on that?

477
00:27:49.039 --> 00:27:53.200
So I have most of my portfolio is commercial, and

478
00:27:53.960 --> 00:27:56.240
I use the same kind of idea.

479
00:27:56.799 --> 00:27:58.799
I find commercial real estate.

480
00:27:58.599 --> 00:28:02.920
That's ugly, that needs a lot of love, that's usually vacant,

481
00:28:03.400 --> 00:28:05.839
and I come on in there fine and I look

482
00:28:05.880 --> 00:28:06.960
at the whole area.

483
00:28:07.319 --> 00:28:11.039
If I fix it up, will a renter want to

484
00:28:11.160 --> 00:28:14.880
pay me? Want to lease this place?

485
00:28:15.599 --> 00:28:19.160
And if that is yes, I will put money into it.

486
00:28:19.559 --> 00:28:22.599
I'll take the time to get it least up. I'll

487
00:28:22.640 --> 00:28:24.680
hold it for a couple of years and then get

488
00:28:24.720 --> 00:28:28.119
a great cap rate and then I'll sell it. And

489
00:28:28.160 --> 00:28:29.920
this is the way I do it all the time.

490
00:28:30.240 --> 00:28:36.000
I never buy. I never benefit the owner from trying

491
00:28:36.000 --> 00:28:38.559
to get him money. I don't want it, which that

492
00:28:38.640 --> 00:28:41.920
means is I don't want it to look beautiful and

493
00:28:41.920 --> 00:28:46.680
one hundred percent full. I want it to look ugly.

494
00:28:47.440 --> 00:28:49.960
I want it to be vacant, but I want it

495
00:28:50.000 --> 00:28:54.119
to have potential. It's called value add. All the things

496
00:28:54.160 --> 00:28:57.000
I buy a value add and that basically means that

497
00:28:57.119 --> 00:29:00.119
I come into the picture, I fix it, clean it up,

498
00:29:00.160 --> 00:29:04.079
and get it rented, and I add the value by

499
00:29:04.160 --> 00:29:05.039
my knowledge.

500
00:29:05.680 --> 00:29:05.880
Yeah.

501
00:29:05.960 --> 00:29:09.960
No, that's definitely powerful. So now you've mentioned that you

502
00:29:10.000 --> 00:29:11.839
know you fix it up. So are you doing that

503
00:29:11.920 --> 00:29:15.200
partially or because contractors are notorious?

504
00:29:15.319 --> 00:29:17.279
I don't know about you, but I'm not.

505
00:29:19.079 --> 00:29:21.440
I'm not sure what it's about them, but there is

506
00:29:22.119 --> 00:29:25.440
except for one or two, there's always some delay or

507
00:29:25.480 --> 00:29:27.240
like you know, cost prices go up.

508
00:29:28.079 --> 00:29:30.720
And they're not as commented.

509
00:29:31.000 --> 00:29:36.680
And so let's say, like you know, the two scenarios,

510
00:29:36.759 --> 00:29:39.680
one where people can fix it themselves, but not everybody

511
00:29:39.759 --> 00:29:41.559
knows how to fix it up. So what would be

512
00:29:41.599 --> 00:29:43.960
your advice for both the cases?

513
00:29:44.559 --> 00:29:47.839
Oh right, Well, nobody that knows me would trust me

514
00:29:47.920 --> 00:29:52.359
with a hair, so I will cause more damage than

515
00:29:52.519 --> 00:29:56.839
there is if somebody gave me a hair, so I.

516
00:29:56.960 --> 00:29:59.240
After a while, you are going to get a lot

517
00:29:59.279 --> 00:30:02.640
of lemons of the contractors that come in.

518
00:30:03.079 --> 00:30:09.559
But that's where you get references. Basically, after a couple.

519
00:30:09.759 --> 00:30:14.160
Homes and you staying on the project, you're not letting

520
00:30:14.160 --> 00:30:17.839
people come and go as they please. You're looking at things.

521
00:30:17.880 --> 00:30:21.160
You're getting three or four quotes to do something. And

522
00:30:21.200 --> 00:30:25.480
then when you find somebody that's really good and treat

523
00:30:25.559 --> 00:30:28.680
you right, you treat them right, You pay them on time,

524
00:30:29.119 --> 00:30:33.000
you give them all the work, and basically, over time

525
00:30:33.119 --> 00:30:38.279
you'll find real high quality subcontractors that will do a

526
00:30:38.319 --> 00:30:39.319
good job for you.

527
00:30:40.200 --> 00:30:42.079
But yes, you will get burned.

528
00:30:42.480 --> 00:30:45.799
You never want to give more than a small deposit

529
00:30:45.920 --> 00:30:50.359
so they can buy materials up front or the walk away.

530
00:30:50.920 --> 00:30:53.359
You want to kind of give as you go and

531
00:30:53.720 --> 00:30:56.640
just make sure you're always if you're doing that, you

532
00:30:56.680 --> 00:30:59.599
give them lean waivers because once you pay them in

533
00:30:59.640 --> 00:31:01.920
full of you want to make sure they don't come

534
00:31:01.960 --> 00:31:04.599
back after you and put a lien on your project.

535
00:31:06.960 --> 00:31:09.079
And those are some very powerful tips.

536
00:31:09.960 --> 00:31:14.799
And you mentioned that you are into commercial real estate,

537
00:31:14.960 --> 00:31:21.240
So any pointers like as to which type of commercial

538
00:31:21.480 --> 00:31:23.799
I know you mentioned that you need to be ugly,

539
00:31:24.440 --> 00:31:28.519
a diamondum the rough, But how can kind of people

540
00:31:29.480 --> 00:31:32.880
think about the commercial real estate? Are there any key

541
00:31:32.880 --> 00:31:34.359
pointers to go through those?

542
00:31:35.839 --> 00:31:40.440
So you know, I buy all kinds of commercial. I

543
00:31:40.599 --> 00:31:45.359
like retail, and so I will find an air area

544
00:31:46.519 --> 00:31:52.920
that is doing very very well and look for places

545
00:31:52.960 --> 00:31:58.039
to buy that I can fix up and rent out. Obviously,

546
00:31:58.079 --> 00:32:00.440
if it's a dead part of town you get a

547
00:32:00.480 --> 00:32:03.440
good deal, you're not going to do well. So you

548
00:32:03.519 --> 00:32:05.480
want to be in an area that you know is

549
00:32:05.519 --> 00:32:10.160
either up and coming or already there, and where you're buying.

550
00:32:10.319 --> 00:32:12.799
The only reason why it's not doing well is because

551
00:32:12.960 --> 00:32:17.400
it has been updated for thirty years. I also buy things.

552
00:32:18.559 --> 00:32:20.559
One of my favorite things that I bought. It's a

553
00:32:20.640 --> 00:32:23.599
very small part of my portfolio, very very small part.

554
00:32:24.599 --> 00:32:29.759
There's an area in Colorado called Georgetown, and I bought

555
00:32:31.079 --> 00:32:36.519
a small restaurant there, and then I realized it was

556
00:32:36.559 --> 00:32:40.359
ready to be rented out as a restaurant. And normally

557
00:32:40.440 --> 00:32:44.200
I would not go to another city a mountain town,

558
00:32:44.839 --> 00:32:50.359
but it backs up to roughly fifty feet of river,

559
00:32:51.680 --> 00:32:54.079
so I looked at the bigger picture.

560
00:32:54.359 --> 00:32:57.039
So it was in the heart of the town, and

561
00:32:57.160 --> 00:32:59.480
I realized down the road, somebody could.

562
00:32:59.440 --> 00:33:04.839
Level this small building and put a you know, a

563
00:33:04.880 --> 00:33:10.319
small hotel, a bigger restaurant with a deck overlooking the river.

564
00:33:10.880 --> 00:33:13.039
So when you have things, you have to look at

565
00:33:13.039 --> 00:33:16.920
the bigger picture. What could be used with this land?

566
00:33:17.319 --> 00:33:20.559
Not so much always the building, but the land. And

567
00:33:20.599 --> 00:33:23.559
that's and it's called a cover land play, and that's

568
00:33:23.559 --> 00:33:27.440
what I did. I bought it for a more of

569
00:33:27.480 --> 00:33:30.480
a long term hold and to see how that mountain

570
00:33:30.519 --> 00:33:33.079
town does and then I'll figure out what I do

571
00:33:33.160 --> 00:33:33.319
with it.

572
00:33:33.359 --> 00:33:35.200
But right now I have it rented. I make good

573
00:33:35.279 --> 00:33:37.799
money every month, so it was a smart investment.

574
00:33:38.720 --> 00:33:43.720
I see them definitely. So these are some great pointers.

575
00:33:43.720 --> 00:33:49.319
So as we kind of come to a close share

576
00:33:49.400 --> 00:33:52.079
with us, like you know, how people can reach out,

577
00:33:52.279 --> 00:33:53.759
tell us more about your book.

578
00:33:53.880 --> 00:33:57.599
What can people get from that great thank you.

579
00:33:58.279 --> 00:34:01.400
The book is How to Become the Garage Sale Billionaire.

580
00:34:01.440 --> 00:34:03.960
You can get it on Amazon or you can go

581
00:34:03.960 --> 00:34:07.720
to my website, the Garage Salemillionaire dot com. The book

582
00:34:07.759 --> 00:34:11.119
will teach you everything about making eBay a side hustle,

583
00:34:11.480 --> 00:34:14.880
how to use Facebook, Marketplace and all the other marketplaces,

584
00:34:15.280 --> 00:34:17.960
buying online auctions.

585
00:34:17.440 --> 00:34:18.639
How to bid like a pro.

586
00:34:19.119 --> 00:34:22.440
Even there's a chapter on how to negotiate, because if

587
00:34:22.440 --> 00:34:24.840
you don't know how to negotiate, you're not going to

588
00:34:24.840 --> 00:34:27.000
be able to get that great deal. One of the

589
00:34:27.079 --> 00:34:29.800
chapters is how to put on a great garage sale.

590
00:34:30.119 --> 00:34:33.440
So there is a lot of information in there, and

591
00:34:33.480 --> 00:34:36.280
if you read it and you take your time, you

592
00:34:36.280 --> 00:34:38.400
can make a lot of money turning this into a.

593
00:34:38.360 --> 00:34:40.559
Side Hushle's side hustle.

594
00:34:40.760 --> 00:34:43.639
And you can even go to eBay and look at

595
00:34:44.760 --> 00:34:47.599
the garage Sale Millionaire eBay site. And if you want

596
00:34:47.599 --> 00:34:51.199
to contact me, you can also contact me through Facebook.

597
00:34:52.920 --> 00:34:54.039
Oh that's fantastic.

598
00:34:55.440 --> 00:35:00.960
Do you have any last minute or tips there message

599
00:35:01.000 --> 00:35:01.920
that you'd like to share?

600
00:35:02.840 --> 00:35:06.039
You know, being the garage sale millionaire, which I have

601
00:35:06.519 --> 00:35:10.360
done this for many many years, was able to become

602
00:35:10.400 --> 00:35:13.360
a millionaire by the time I was twenty one, and

603
00:35:13.440 --> 00:35:18.159
it was all taking time and learning my craft, going

604
00:35:18.239 --> 00:35:21.039
to lots of garage sales, going to a lot of

605
00:35:21.159 --> 00:35:26.000
live auction, live auctions, looking at stuff on eBay all

606
00:35:26.079 --> 00:35:26.519
the time.

607
00:35:26.760 --> 00:35:29.320
You don't always have to buy, You just have.

608
00:35:29.280 --> 00:35:32.559
To get the feel of how people are buying and

609
00:35:32.599 --> 00:35:36.519
what's the tips and tricks. Like I'm on all kinds

610
00:35:36.559 --> 00:35:38.920
of auctions. You want to be one of the last

611
00:35:38.960 --> 00:35:41.480
bidders to bid. You don't want to be an early

612
00:35:41.519 --> 00:35:44.280
bidder because you'll be basically one of the reasons why

613
00:35:44.280 --> 00:35:47.679
you're raising up the value on that item. So these

614
00:35:47.719 --> 00:35:50.880
are all things you learn when you sit in on

615
00:35:51.039 --> 00:35:54.159
auctions and you learn your craft. You go to garage

616
00:35:54.199 --> 00:35:57.199
sales and you learn what's being bought and sold and

617
00:35:57.239 --> 00:36:00.360
what kind of moneies are being sold are that are

618
00:36:00.400 --> 00:36:02.920
going for those items, And so the more time you

619
00:36:02.960 --> 00:36:05.480
put into your craft, the better you get it. And

620
00:36:05.519 --> 00:36:08.159
as the drive sell millionaire, I have to say, I've

621
00:36:08.159 --> 00:36:11.159
been doing it for over thirty years, and that's why

622
00:36:11.199 --> 00:36:14.880
i wrote the book because all the years of me learning,

623
00:36:15.320 --> 00:36:16.679
I put it in a book so you don't have

624
00:36:16.719 --> 00:36:18.159
to take thirty years to learn it.

625
00:36:20.400 --> 00:36:24.159
Well, I'm sure there'll be a lot of people who

626
00:36:24.280 --> 00:36:27.559
want to have this as a side hustle, and you

627
00:36:27.639 --> 00:36:33.360
said something very powerful that go and feel it, get

628
00:36:33.400 --> 00:36:36.920
your craft in, get the feel for it, experience it

629
00:36:37.039 --> 00:36:39.920
and enrich you're.

630
00:36:41.960 --> 00:36:45.559
Insights and then implement it. Sometimes it's not just going

631
00:36:45.599 --> 00:36:46.480
about it buying it.

632
00:36:46.599 --> 00:36:50.960
So thank you Aaron, you know, for you sharing your

633
00:36:50.960 --> 00:36:56.320
insights and tips as people are thinking about having that

634
00:36:56.400 --> 00:36:58.920
side hustle, because so many times what happens is that

635
00:36:59.559 --> 00:37:03.159
you may be off, you may have a real fear,

636
00:37:03.639 --> 00:37:06.280
or that business is not going well. So you could

637
00:37:06.320 --> 00:37:08.960
start out small and see where it takes you.

638
00:37:11.320 --> 00:37:14.519
Thank you listeners, go ahead, Oh no, I just want

639
00:37:14.559 --> 00:37:16.480
to say thank you for having me on and it's

640
00:37:16.679 --> 00:37:18.920
done very good and I'm glad you brought me on

641
00:37:19.079 --> 00:37:22.159
to teach your listeners how you know, even when it's

642
00:37:22.199 --> 00:37:25.239
bad times and your short money, there's always a will

643
00:37:25.280 --> 00:37:26.000
and there's a way.

644
00:37:26.920 --> 00:37:31.519
Absolutely, thank you Erin, Thank you listeners for joining us,

645
00:37:31.679 --> 00:37:35.480
and we want to wsh you happy holidays and wonderful times,

646
00:37:36.000 --> 00:37:41.599
joys times with your loved ones and just be there,

647
00:37:41.920 --> 00:37:45.840
you know, enjoy the moments and think about how do

648
00:37:45.920 --> 00:37:49.800
you want to take on that twenty twenty five take it,

649
00:37:52.079 --> 00:37:56.920
buy the horns and take charge of your next year

650
00:37:57.119 --> 00:37:59.920
as we step into it, and thank you on from

651
00:38:00.320 --> 00:38:03.519
the show Possible Bivale, take care into next time.

652
00:38:04.320 --> 00:38:06.719
Thank you for being part of Beyond Confidence with your

653
00:38:06.719 --> 00:38:09.079
host d v Park, we hope you have learned more

654
00:38:09.079 --> 00:38:11.760
about how to start living the life you want. Each

655
00:38:11.800 --> 00:38:14.719
week on Beyond Confidence, you hear stories of real people

656
00:38:14.800 --> 00:38:17.880
who have experienced growth by overcoming their fears and building

657
00:38:17.960 --> 00:38:22.559
meaningful relationships. During Beyond Confidence, Divapark shares what happened to

658
00:38:22.599 --> 00:38:24.800
her when she stepped out of her comfort zone to

659
00:38:24.840 --> 00:38:27.880
work directly with people across the globe. She not only

660
00:38:27.920 --> 00:38:31.320
coaches people how to form hard connections, but also transform

661
00:38:31.360 --> 00:38:35.119
relationships to mutually beneficial partnerships as they strive to live

662
00:38:35.159 --> 00:38:37.599
the life they want. If you are ready to live

663
00:38:37.639 --> 00:38:40.480
the life you want and leverage your strengths, learn more

664
00:38:40.639 --> 00:38:44.639
at www dot dvpark dot com and you can connect

665
00:38:44.719 --> 00:38:49.079
with vat contact at dvpark dot com. We look forward

666
00:38:49.119 --> 00:38:50.519
to you joining us next week.