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Podcast: TwoBrainRadio
Episode:

Real Estate: The Secret to Wealth for Gym Owners?
Category: Health
Duration: 00:48:44
Publish Date: 2021-05-20 04:00:00
Description:

You can teach a great squat. But do you want to be coaching the 5-a.m. class when you're 70?

If not, you might want to think about other ways to generate long-term wealth—and for some gym owners, investing in real estate just might be the best way to do that.

Here, Mike Warkentin speaks with two gym-owner-turned-investors to learn exactly how and why they've used real estate to grow their wealth. Two-Brain founder Chris Cooper shares his experience investing in commercial real estate while Two-Brain Fitness Business mentor Jeff Smith covers the residential side.

Plus, you'll get a glimpse into what the Two-Brain Tinker group has to offer gym owners who are ready to start seriously growing their wealth.

Links:

Beyond the Whiteboard
AGuard
Gym Owners United

Timeline:

1:02 – Chris Cooper’s journey into real-estate investing.

5:34 – Owning your gym’s building: risk vs. reward.

11:29 – Who should consider buying? 

13:12 – How to get the inside scoop.

15:07 – Commercial or residential?

18:27 – Figuring out what’s possible.

20:27 – Real estate: cheaper—and safer—than other retirement savings options.

25:32 – How Jeff Smith got into the real-estate game.

26:37 – Risk management.

29:28 – Jeff owns a bunch of residential properties. So why does he still rent space for his gym?

35:05 – The “BRRR” strategy

38:41 – Not a get-rich scheme, but the next phase in the entrepreneurial life cycle.

42:10 – How to bridge the gap from gym owner to wealth accumulator.

43:18 – What happens in the Tinker group—and how to get in.
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