Q and A How Deferred Sales Trust works with Buck Joffrey LinkedIn version
Capital Gains Tax Solutions Podcast
Love the show? Subscribe, rate, review, and share!Here’s How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter
Building Your CRE Wealth Formula with Buck Joffrey MD
Capital Gains Tax Solutions Podcast
Buck Joffrey, MD is a surgeon turned serial entrepreneur and the real estate professional with nearly one billion dollars in real estate transactions including $400 million commercial real estate current AUM. He is also the host of Wealth Formula PodcastHe started as a physician and was trained in neurosurgery and then plastics. He got into the edge of entrepreneurship after he read Robert Kiyosaki's book called Cashflow Quadrant and started really looking at entrepreneurship and started that with his own practices, then branched out into other businesses. In our conversation, we discussed:Redefining wealth as the freedom to do what you want with your lifeInsights on the Potential Biden Tax Law changesInvesting in cryptocurrencyConnect with Buck Joffrey:Website: wealthformula.comLove the show? Subscribe, rate, review, and share!Here’s How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter
Optimise Your Returns With The Wealth Formula For Busy Professionals - Buck Joffrey
Going Long Podcast with Billy Keels
Want to avoid mistakes in Long Distance Investing? Download your FREE document at billykeels.com/7mistakestoavoid Episode 53: Optimise Your Returns With The Health Formula For Busy Professionals In the conversation with today’s guest, Buck Joffrey, you’ll learn the following: [00:30 - 02:49] Buck’s profile, in Billy’s guest introduction. [02:49 - 06:23] The backstory and life journey of Buck up to today, in his own words. [06:23 - 10:57] Buck talks in depth about his focus on Real Estate as a business. [10:57 - 16:54] Why Buck was attracted to the idea of getting into the ATM space. [16:54 - 23:26] Buck explains his Wealth Formula. [23:26 - 25:23] The different stages you will go through on the Wealth Formula. [25:23 - 28:04] How Buck gets into the Abundance Mindset. [28:04 - 34:30] What drew Buck to want to help others by educating them about investing and implementing his Wealth Formula through platforms such as his podcast. [34:30 - 36:56] Maximising and balancing time between family life and business. [36:56 - 39:11] The future plans for Buck Joffrey. Here’s what Buck shared with us during today’s conversation: Where in the world Buck is currently: Montecito, California. Favourite European city: Rome, Italy. The best thing to happen in the past 24hours: Hanging out with the kids at a birthday party and spending some quality time! A mistake Buck would like you to learn from so you don’t have to pay full price for it: Don’t become a Single Point Failure Machine - don’t rely on one thing that will leave you with nothing if it fails. Book Recommendation: Cashflow Quadrant, by Robert Kiyosaki. Be sure to reach out and connect with Buck Joffrey by using the info below: Website: https://www.wealthformula.com Podcast: Wealth Formula CHECK OUT BUCK’S BOOK: The 7 Secrets of Eternal Wealth. Start taking action TODAY so that you can gain more Education and Control over your financial life. To see the Video Version of today’s conversation just CLICK HERE. Do you want to have more control and avoid the mistakes that I made getting started in long distance investing? Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE. Be sure to connect with Billy! He’s made it easy for you to do…Just go to any of these sites: Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels
Dr Joffrey is a physician, entrepreneur, asset manager and podcaster. he has enjoyed a great deal of success through out his businesses and investments. In order to help his high paid professional colleagues, he started a financial education website called http://www.wealthformula.com/ which serves as home base for the Wealth Formula Podcast, available on Itunes, sticher and http://www.wealthformula.com.
The 6 to 7 Figures Show - Episode 095: Buck Joffrey
The 6 to 7 Figures Show
If you want to grow your money, you invest it. You’ll never make millions or become independently wealthy by working a job and putting some of your salary into a savings account. Entrepreneurs understand this concept a lot when it comes to their businesses, but not necessarily when talking about their personal finances. Today, I’m talking with Buck Joffrey; a former neurosurgeon turned investor and entrepreneur. He runs the Wealth Formula Podcast, and he has over $250 million in managed assets. I wanted to pick his brain to help understand why so many entrepreneurs will make boatloads of cash in their business, only to turn around and hand it off to a financial advisor. Buck Joffrey, MD is a surgeon turned entrepreneur and professional investor. He is the host of Wealth Formula® Podcast which focuses on investing outside of Wall Street for high income individuals. The author of an international best selling book on personal finance, Buck is also an active real estate professional with over $250 million assets under management.If you want to hear more about Buck’s thoughts on investing, including how rigged the financial system is for those who follow it, check out the rest of the episode here. You can also listen to Buck’s podcast, the Wealth Formula, or visit his website at wealthformula.com. It’s your money - do something with it.
Real Estate for Uncertain Times? with Buck Joffrey #4649
Financial Survival Network
Buck Joffrey, doctor turned real estate investing expert is seeing lower rates which means lower capitalization rates and higher real estate prices. Currently the U.S. has the highest interest rates of it's peers. As a defensive maneuver, it's almost a necessity for the Fed to cut rates. But what affect will it have on the rest of the world? For now, money is flowing into the U.S. and that's working great.
Buck Joffrey – This Doctor Lost in His First Real Estate Deal Even Though the Math Looked Good
My Worst Investment Ever Podcast
Buck Joffrey is a physician turned entrepreneur and professional investor. He is also the host of The Wealth Formula® Podcast and author of an international best-selling book, 7 Secrets of Eternal Wealth, which focuses on financial education for high paid professionals. “At the end of the day, I just came into a realization that I really made a big mistake. I can sit here, chase it, spend money to save it, or I can give it up, cut my losses, sell it to somebody, learn to take the loss and move on. And so I did the latter.” Buck Joffrey My Worst Investment Ever Story Surgeon turned real asset investor Buck finished surgical training in 2008. Having his own practice and doing a few other things, he started to have a little money to invest. He got interested in real estate primarily because of his family’s influence but mostly because of Robert Kiyosaki, the author of the best-selling book, Rich Dad, Poor Dad. “It’s just math, and I’m good with math” Buck got addicted to the idea of cash flows and multifamily real estate, and he went on and read two of Ken McElroy’s books, The ABC of Real Estate Investing and The Advanced Guide to Real Estate Investing. Armed with advice from all the books he read, he concluded that it's all just math, and he knew he’s good at it. With no help from anyone, he started looking for properties. The deal that spiraled out of control For his first venture into the real estate world, Buck thought that it was a good idea to go to an online site to look for properties. He eventually found a deal, did the math, and saw a great opportunity–or so he thought it was. He went down to the place where the property was, ticked all the boxes, and bought the building. Just as quickly as he had made the deal, he started realizing that nothing on his spreadsheet seemed to be working. All of a sudden, everybody stopped paying their rent, and a bunch of people was creating more problems than he could handle. Buying something that you think you know and realizing that it was not after It turned out that Buck’s first deal was a fraud. The previous owner, to be able to convince people to buy his properties, would let people live there for free for a while. This was just to put on a show that the building was performing well and that buyers could expect to receive rent from the fake tenants. And so, the whole thing was a mess. Buck, with no one to turn to and with little to no experience in property management, had to sell the building after a year later for a loss. It’s one thing to know what you think you are buying and another thing when you realize that it’s not what you thought. It was a tough way to learn but a good lesson nevertheless. Lessons learned Real estate is more than just numbers The heart of real estate is operations. It’s a combination of finding an asset and good property management to squeeze out those high returns and get the most out of it. Build a great team and find the right people If you plan to venture into real estate on your own, don’t. Buck has learned it the hard way. It is very important to create a team with the skills and experiences in real estate. Don’t underestimate the potential gains from being a “passive” investor Over time, Buck learned that there are two sides of real estate. Some people are doing it full time, which brings a decent amount of cash. Others, on the other hand, are investing as passive investors who are only limited partners with operators. With zero work, they get to earn a lot more than those who are full time in real estate. Andrew’s takeaways Do your research properly The number one common mistake is the failure to do research properly. Research is beyond numbers. When doing your research, investigate, check, and test those numbers if they’re real. Your team is your asset Getting the right people on the bus will shape the strategy of how you invest, where you invest and how you will manage. So, it’s a great reminder to build a great team around you which you can trust. Realizing when to cut your losses Don’t wait for a miracle to happen. When it’s losing, learn to give it up. Cut your losses and put your money into something more hopeful. There is so much emotional baggage with cutting losses. It is important to realize when to stop before draining your money, spirit, and time. Get out, move on and do not make the same mistakes again. Actionable advice If you’ve got a full-time job and you are focused on it, the last thing you want is to give yourself another job. So, if what you are looking at is a potential investment as a limited partner, find yourself a group of people that knows what they are doing, and you will, in most cases, get a much better outcome with zero additional work for you. No. 1 goal for next the 12 months Right now, Buck has about $300 million worth of assets under management for his investor group. His goal is to continue to get people as good returns as he can and maximize investor returns. Parting words “Remember, learn from your mistakes. But they don’t really need to be your mistakes because they can be someone else’s. Borrow the takeaways and learn from them.” Buck Joffrey Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Andrew’s online programs Valuation Master Class Women Building Wealth The Build Your Wealth Membership Group Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points Connect with Buck Joffrey LinkedIn Twitter Facebook YouTube Website Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further readings mentioned Robert Kiyosaki (1997) Rich Dad, Poor Dad Ken McElroy (2012) The ABC of Real Estate Investing Ken McElroy (2008) The Advanced Guide to Real Estate Investing
WS347: The Team Sport of Syndication with Buck Joffrey
The Real Estate Syndication Show
On today’s episode, we are joined by Buck Joffrey to talk about his career in real estate syndication. Choosing to leave his medical practice freed Buck up to focus on his real estate investing, which quickly become profitable for him. He shares some insights into how he managed to achieve such prolific success in a short space of time. Often people in the syndication business think that it is a one man show, but Buck believes that this could not be further from the truth.
Buck Joffrey - There's Still Plenty of Room Left in Real Estate #4457
Financial Survival Network
In case you were wondering, yes there's been major real estate appreciation since the Great Recession, but no, not everything is overpriced. Buck Joffrey has still been finding plenty of undervalued/underappreciated projects to put his investors' money into. It takes a little patience and a lot of review to find these gems but they exist. And Buch has helped many investors find them.