Using Passive Cash Flow to Live Your Passion with DJ Bander

Passive Wealth Strategy Show - Real Estate for Busy Pros

How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?

Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.

[00:00 - 03:45] How did DJ Bander’s entrepreneur journey start?

• Saving and investing in real estate
• Balancing the time between real estate, marketing, and music
• The importance of having a diverse skill set to monetize

[03:46 - 14:00] Strategies for Building a Real Estate Portfolio

• The advantages of being a minority investor in larger properties
• The significance of hiring the right property managers and vendors
• Adapting investment strategies to fit available opportunities and capital

[14:01 - 18:36] Navigating 1031 Exchanges and Market Challenges

• The complexities and benefits of 1031 exchanges
• Deciding when to sell and pay taxes versus utilizing a 1031 exchange
• The impact of the cannabis industry on industrial real estate in Los Angeles

[18:37 - 28:11] Using Real Estate to Pursue Your Passions

• Using real estate income to buy time for starting other businesses or pursuing creative endeavors.
• The importance of living below your means and saving for future investments.
• DJ Bander’s advice for aspiring investors and entrepreneurs.

Quotes:

"You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else." - DJ Bander

"Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more." - DJ Bander

Connect with DJ Bander:

Instagram: https://www.instagram.com/djbander/

Website: https://banderproductions.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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