Joining us on this episode of Living Off Rentals is Mark Ritter. Mark is the CEO of Member Business Financial Services (MBFS), an entity owned by 13 different credit unions with the mission to help credit unions fund more loans for real estate investors and small business owners. Mark is also the host of the Credit Union Conversations podcast.

In this episode, he talked about credit unions, a type of financing that is underutilized because people just don't understand the details. Learn more about credit unions and other types of financing that are perfect for any deal or investor situation. Enjoy the show!

Key Takeaways

[00:00] Introducing Mark Ritter and his background

[02:43] The difference between a credit union and a bank

[08:35] How can people work with a credit union?

[10:58] Type of loans offered to real estate investors

[16:01] "Credit analysts are very smart"

[19:48] Small business loans

[29:49] Connect with Mark Ritter and MBFS

Guest Links

Website – mbfs.org

Show Links

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Living Off Rentals 238 – Ryan O'Connell – Supercharge Your Cash Flow with an ADU

Joining us today on this episode of Living Off Rentals is someone who is passionate about the Accessory Dwelling Unit or ADU.

Ryan O'Connell is a real estate investor who shows how using ADU's can increase cash flow in short and long-term rental investments.

Listen as he shares insights about this topic, particularly the versatility of ADU compared to home additions or the purchase of a second property. Enjoy the show!

Key Takeaways

[00:00] Introducing Ryan O'Connell and his background

[05:30] What is ADU?

[14:51] The general cost for ADU

[23:26] List of states that allow ADU (https://community.how-to-adu.com/adu-rules-by-state)

[27:31] Ryan's take on prefabricated homes

[34:31] Multi-unit ADU structures

[43:29] Connect with Ryan

Guest Links

Website – youtube.com/c/howtoadu

Show Links

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Joining us on this episode of Living Off Rentals is Mark Willis, a certified financial planner, three-time number-one best-selling author, and owner of Lake Growth Financial Services. He is a financial planner who is open to different types of strategies in real estate investing.

In this episode, he shares some of the major pitfalls of most people's financial plans and how he specializes in working with real estate investors and business owners.

We know you’ll enjoy learning from Mark–who is also a second-time guest on the show!

Key Takeaways

[00:00] Introducing Mark Willis and his background

[05:27] Meaningful money conversations

[10:31] No guarantees, no predictability

[14:54] We have no idea how long we are going to live

[16:30] The tax time bomb

[19:07] "You are your money guru."

[22:31] Asset classes with the most growth and success

[26:27] Contractual wealth vs. paper wealth

[34:25] Self-directed life

[38:13] Connect with Mark Willis

Guest Links

Website – kickstartwithmark.com

Show Links

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals