Lessons from a Real Estate Cruise You Need to Know 🚢💡

Lessons from the Generations of Wealth Voyage 🚢💰

Last week, I had the privilege of spending time on a cruise ship with some brilliant investors and friends. The Generations of Wealth Voyage isn’t just another real estate event—it’s unique because it includes education for our youth! 👨‍👩‍👧‍👦🏡

Here are some of my top takeaways:

💡 Jeff Watson’s Insights

✅ "Have a mission statement for your dollars." (Know where your money is going!)
✅ $200K tax-free = $300K taxed! (Think tax strategy!)
✅ What does the SDIRA custodian do with uninvested money? 🤔
✅ Be aware of broker-certified deposits
✅ Demand deposit accounts are better

🔨 Sandra Williams on Contractors & Liens

✅ Don’t get lazy with contractors—always get your waiver of lien releases signed! 📜✍️
✅ Upgrade contractor agreements with terms like:

• "Satisfactory completion"
• "Industry standard"
• "Building code compliance" 🏗️
  ✅ Know your state’s lien laws! Protect yourself from future headaches.

🏡 Chris Peisher’s Property Management Tips

✅ Tub resurfacing contractors can often be found through apartment complexes. 🛁🔧
✅ Raise your rents strategically! If rents are too low, you might be leaving money on the table. 💵
✅ Some residents won’t report maintenance issues out of fear that it will trigger a rent increase—this is bad for both the landlord and tenant long term.

📈 Mike Jacobson’s Investment Mindset

✅ "You need to invest for the stage of life you’re in." (What works for you now might not work forever!) 🔄🏡

🏡 My Turn on Mobile Homes

✅ Even highly successful investors leave money on the table by ignoring mobile homes. 📉
✅ Many still don’t understand non-bank financing for mobile homes—this is a HUGE missed opportunity! 💰
✅ REI lenders are also missing out by not educating themselves on mobile home lending. 🚀

📲 Chris Theder’s Marketing Hack

✅ Join Facebook groups beyond yard sale pages! Build trust by providing value first, then ask, “Who needs to sell?” 🎯

👨‍👩‍👧 Conversations with the Youth: Their Honest Thoughts on REI

🔴 What they DON’T like:
❌ The stress that comes with real estate investing
❌ The long hours taking time away from family

🟢 What parents did RIGHT in teaching REI to their kids:
✅ Encouraged any path their kids wanted to take
✅ Let them fail (even though it was hard)—and were later THANKED for it! 🙌
✅ Made it okay to change directions
✅ Involved them in a deal so they could see the money firsthand 💰
✅ Gave them a rental in college & let them manage it 🏠📚
✅ Taught them early that consumer debt is bad! 🚫💳

Which of these lessons stood out to you the most? Are you applying them in your business?

Send me a message or tag me on social media with your answer!