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Event ID: 242066   Event Status:  On Schedule
GaREIA Coaching Program: Mastering Passive Income: How To Quit Your Day Job, Steve Laube Coach, Begins April 1 $$

GaREIA Coaching Program: 

Mastering Passive Income...

The Key to Quitting Your Day Job
 

presented by Steve Laube

90 Day Coaching Program

Spring 2017

April 1 - June 30

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Schedule Summary

Class 1 - Saturday April 1, 9 am - 4 pm, In person class

Class 2 - Sunday April 2, 9:30 am - 4 pm, In person class 

Class 3 - Wednesday April 12, 7 pm - 8:30 pm, Conference call 

Class 4 - Saturday April 22, 9:30 am - 4 pm, In person class 

Class 5 - Sunday April 23, 9:30 am - 4 pm,  In person class

Class 6 - Wednesday May 3, 7 pm - 8:30 pm, Conference call 

Class 7 - Monday May 22, 7 pm - 8:30 pm, In person review class 

Class 8 - Wednesday June 7, 7 pm - 8:30 pm, Conference call 

Class 9 - Monday June 19, 7 pm - 8:30 pm, In person review class 

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Class 1 - "Investment and Income Tax Basics"

Saturday April 1, 9 am - 4 pm, In person class

  • Meet and Greet
  • Financial Planning
  • Passive Income House
  • Course Overview
  • Investment Basics
    • NOI
    • Cap rate
    • Leverage
    • ROI
    • IDEAL investment (Cash Flow, Depreciation, Loan Amortization, Appreciation, and Leverage)
    • Magic of “N”
    • Net worth
    • Financial calculator
  • Taxes, the Foundation
    • Our progressive tax structure
    • Marginal tax rates
    • Average tax rates
    • The “income tax sweet spot”
    • How to avoid paying capital gains tax
    • Maximum allowable real estate loss
    • How to avoid the max allowable loss
    • Depreciation and its recapture 
    • Georgia income taxes
    • Estate taxes
  • Q & A

Class 2 - "Social Security, Pensions, Annuities, Budgeting and Preliminary Passive Income Spreadsheet Work"

Sunday April 2, 9:30 am - 4 pm

  • Review of Class 1
  • Social Security: how to qualify, how it is calculated, when to take it, spousal SS, file and suspend, etc.
  • Defined benefit pension plans; cash settlement or annuity?
  • Defined contribution pension plans, maximizing returns
  • Budgeting and Inflation: Paycheck items, playcheck items, ageing and discretionary income research, real estate and inflation
  • CPI – U
  • CPI – E 
  • Personal inflation
  • Start 20 plus year passive income spreadsheet of income and expenses, assumptions, illustrations etc.

HOMEWORK: Construct your own budget and start on 20 year spreadsheet by modifying instructor's budget and spreadsheet work

Class 3 - Conference Call 

Wednesday April 12, 7 pm - 8:30 pm

  • Q & A / Review of Classes 1 & 2
  • Progress with Calculations, Taxes, etc.
  • Progress with Budgeting and Passive Income Spreadsheet, etc.

Class 4 - "Stock Market, Tax Deferred Accounts, and Withdrawals from TDA’s"

Saturday April 22, 9:30 am - 4:00 pm

  • Review of Classes 1, 2, 3
  • Understanding the Stock market
    • historical performance and how to use it to avoid the common errors
    • the bulls and bears
    • political parties and stocks
    • how to sell only when the market is at new highs
    • ETF’s
    • mutual fund and target fund basics
    • using web sites to construct a well diversified portfolio
  • The eleven types of Tax Deferred Accounts
    • emphasis on 401K’s 
    • Traditional and Roth IRA’s, SDIRA’s
    • Withdrawing from TDA’s
      • how to avoid the 10% penalty for early withdrawal
      • why the 4-5% rule does not apply to you
      • understanding the RMD
      • how to monitor withdrawals so you wont run out of money, ever.
    • Web site withdrawal programs to illustrate

Class 5 - "The Real Estate Income Pillar, Wrap Up of Your Budget and Spreadsheet, and All Other Topics"

Sunday April 23, 9:30 am - 4:00 pm

  • Review of Class 4
  • The Real Estate Pillar, our unique passive income stream
    • the many ways RE protects you from inflation
    • review of B+H strategy and taxes, exit strategies, etc.
    • the magic of “N.”
  • We will tie the RE pillar and the others together by spending time on instructor''s passive income spreadsheet, focusing on after the rentals start to pay off; dominoing mortgages
  • Working on and reviewing your budget, personal passive income spreadsheet, stock, and real estate portfolios on a semi personal basis

Class 6 - Conference Call 

Wednesday May 3, 7 pm - 8:30 pm

  • Q & A / Review of Classes 4,5 
  • More progress with Budgeting and Passive Income Spreadsheet
  • Setting up a stock portfolio, etc.

Class 7 - In person Review Class 

Monday May 22, 7 pm - 8:30 pm

  • Q & A / Review of all classes and homework

 

Class 8 - Conference Call / Review Class 

Wednesday June 7, 7 pm - 8:30 pm

  • Q & A / Review of all classes and homework

 

Class 9 - In person Review Class 

Monday June 19, 7 pm - 8:30 pm

  • Q & A / Review of all classes and homework
  • Comments on entire program

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Schedule Summary

Class 1 - Saturday April 1, 9 am - 4 pm, In person class

Class 2 - Sunday April 2, 9:30 am - 4 pm, In person class 

Class 3 - Wednesday April 12, 7 pm - 8:30 pm, Conference call 

Class 4 - Saturday April 22, 9:30 am - 4 pm, In person class 

Class 5 - Sunday April 23, 9:30 am - 4 pm,  In person class

Class 6 - Wednesday May 3, 7 pm - 8:30 pm, Conference call 

Class 7 - Monday May 22, 7 pm - 8:30 pm, In person review class 

Class 8 - Wednesday June 7, 7 pm - 8:30 pm, Conference call 

Class 9 - Monday June 19, 7 pm - 8:30 pm, In person review class 

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What You Get From the Full Program

  • 29 hours in person class time
  • 4.5 hours conference call discussion time (calls are recorded for later playback)
  • 1.5 hour personal financial planning session with coach focusing on your personal concerns
  • A private google online discussion group for participants and coach for discussion and questions 

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What Previous Students are Saying about the Program

Steve,

Thanks again for meeting with me yesterday for lunch and for putting this class together.  Please feel free to use any of my comments in any way you wish.

This has been the most informative class that I’ve ever attended.  I don’t think I’ve ever been to a class (investment or otherwise) where I’ve been so outspoken about the benefits.  The course title says it all. Mastering Passive Income … The Key to Quitting Your Day Job.

As investors we are all looking for financial freedom and it’s important to understand that this is not just a real estate investing course .  Steve discusses the four pillars of investing with details of the basics as well as trade-offs and strategy and how to apply the concepts in the real world.  But if you are a real estate investor or want to be, you’ll get a wealth of information on RE investing, including topics I haven’t seen presented before. You’ll learn concepts such as N, walk away cash, and when it’s time to ring the cash register, just to name a few.  You’ll learn the trade-offs of flipping vs buy and hold in great detail. You’ll learn the metrics that really matter when you analyze your real estate investments.  Your homework will include “financial engineering” exercises using real world scenarios including real time events (even his own).

Steve applied all these concepts in his own life and retired early.  If you are interested in quitting your day job or already have, you’ll get his thoughts on the ups and downs of retirement. Really? Can there be downs? You’ll hear his views on retirement, quality of life, and timeline including the “go-go years” and beyond.   This really opened my eyes.

As we all know, investing is a very personal thing, meaning each person will have their own needs, goals, lifestyle, etc.  The thing that impresses me about Steve’s style is that he doesn’t say that his way is the only way, but you hear him say many times “IMO (In My Opinion), this is why my way makes sense”. 

I guarantee as a minimum that you’ll walk away learning new things about passive income investing.   If your experience is like mine, you’ll change the way you think about investing at a very high level.  In my opinion, this class is the first class a new investor should attend.  In my case I’ve been investing in real estate since 2000 and in a more focused way since 2010.  My wife and I now have 20 rental properties.  We have always talked about the desire to quit the day job, but in early 2014 my day job quit me with a layoff.  This class came at the perfect time for me to better understand our situation and map out our future.  Since I attended this class, I’ve found that I’ve changed my opinion and views in several areas of investments and also found that the questions that concerned me weren’t really the questions I should be focusing on first.  I’m now asking much higher level questions that are more focused on quality of life and then how passive income investing will help us meet those goals.

Tony J. 

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As many people have shared before me, Steve''s Passive Income course is good. It is and everyone should take it. But that is not what I''m writing. There is only one reason to take this course and that is Steve Laube.

Steve is an educator and a mentor. Any good content is great to know. But only an educator can make it great. I have a little story here.

A few months ago, when I first joined GaREIA, I was looking to talk to more and more people to learn more and guide myself in the correct direction. During this I met some great people. And one day Wynne introduced me to Steve saying "Steve, this is Uday. Looks like he has some questions on townhomes". The next 20 minutes were the best learning I got. Steve shared a lot of information, gave me a step by step approach. I showed him my research and calculations I had on different townhomes. Once he noticed that I was really interested, he took more interest and answered more of my questions and re-summarized the points we discussed and wrote them on the back of a napkin, so I would not forget.

Steve is a mentor.

Every time he teaches us some concepts, he follows up, inquires the status and answers any questions we have. Where necessary he repeats the topics several times to be sure that everyone in the class understands them. He is committed to helping us. In the last few weeks, I have spammed Steve''s inbox with many, many emails with questions comments and thoughts. He would respond to each and every one of them with his feedback to channel my approach towards the correct direction. He is committed to my well being. (Like any great educator and mentor.) He is available, it is up to the student to take as much advantage of his expertise.

For me to be where I am in my career, I owe it to a couple of educators that showed me the "fun in learning" and showed me "how to teach myself". As I start my journey on real estate path, so far, Steve has given me similar motivation and a clear path.

I hope to succeed in this and at some point ''pay it forward''. One thing is for sure, I will remember Steve Laube for the rest of my life.

Thank you Steve.

Uday S.

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More comments From “Mastering Passive Income “  Graduates

100% said they “would recommend this seminar to others”

100% said this would “help them in their real estate careers”

Quotes From Review Sheets….

“We need to somehow convince every member they have to attend.”  “Wish I had something like this 30 yrs ago” (8 yr investor) 

“Best class, most helpful I’ve ever been to. Wish I had the opportunity when I first started investing in RE. Very important when you leave your day job”.  ( Note: student rated the value of the topics a 20 on a 1-10 scale! full time investor with 20 properties)

“Steve is the most knowledgeable financial planner I have yet encountered. The only person who can tie together the real estate component with the other investments. Well done “. (10 properties)

“I’m planning on using all of it. This is the best investment I have ever done in my own personal financial education – and in turn my children’s (I plan on teaching them)”

“It was perfect. Amazing! Educational! Motivating!” (1 yr investor)

“Eye opener, changed my perspective on investment goals” (3 yr investor)

“It was all good, more than expected” (new investor)

“I wish I had taken something like this years ago. I plan on digging deeper, using this as my financial education base. Possibly it’s just me, but this is one of the best investments I’ve ever made in my financial future.”

“All of it is very practical” (20 yr investor)

“Probably the best most useful in my career / life. Should be the first seminar an investor should take” (30 yr investor with 14 yrs real estate)

“Great job, this class was very informative” (1 yr investor)

“Very informative and very interesting. Would be very beneficial to a new RE investor” (12 yr investor )

“Excellent, was very thorough” ” (10 yr investor)

“Real estate investing and exit strategies; things I had not thought of. Good handouts and slides” (20 yr investor)” 

“I think Steve has been able to turn me from a fix and flip strategy to buy and hold. I am confident that if I follow his advice I will be successful and retire in peace”

"Excellent, 10’s across the board for overall presentation, knowledge, clarity and value of the topics" (8 year investor)

"Excellent, will use almost all of it. Found different things in each presentation” (1 yr investor)

“Good information, some new, some a good review” (1 yr investor)

“Crucial to preparing for your future comfortable retirement “ (6 month investor)

“Good starting point to work backwards from. Now I can clarify my retirement goals and make decisions today that align with those goals” (1 yr investor)

“Very good info which will prompt me to organize and project” (full time investor / 20 properties)

“Great information very valuable to anyone planning for a comfortable retirement” (new investor)

“Great information and was presented at just the right speed” (new investor)

“Very good session, learned a lot” (10 yr investor )

“Great value. This is great education and practical”

“A lot of info that I will use for life”

“I have been very pleased with the way he presented everything. Helps me to look at things I am doing in more detail” (12 yr investor)

“Lots of good stuff and things to plan long term. Wish I had done something like this years ago”

“Good info, well organized” (new investor)

“Good information for everyone regardless of stage of retirement planning” (new investor)

About the Instructor / Coach

Steve Laube

Starting life as a nerdy scientist with a BS in chemistry, a keen interest in things financial lead Steve to get an MBA in finance and to take the CFP (certified financial planner) program at Oglethorpe. He passed the national CFP boards (bar exam equivalent) in 2001; the hardest thing he has ever done academically.

Actually earning money with his chemistry degree, a 28 year career with Cabot Corporation, a $3 billion dollar chemical company based out of Boston, Massachusetts owned largely by the infamous Cabot family,  included becoming the technical director for North America. Using his MBA, he also served as the global business development manager for several years.  He holds four “nerdy” chemistry patents and co-authored a chapter in a “chemistry book” for the rubber industry.

His real estate investing started in 1979, with a brand new duplex in Kent, Ohio. This duplex opened his eyes to the world of student housing (by accident, who knew Kent State university was less than a mile away?). Steve quickly acquired two brick four family buildings and a single family home at Akron University, then moved to New England  a couple of years later with his “day job” and put his real estate interest on hold, selling the Akron properties for large profits.

Shortly after arriving in Georgia in 1992, Steve initially acquired about 2 dozen student condos in Clemson, SC as well as twelve non-student condos in Alpharetta, GA.  In 1997 he authored “Dormitory Dollars,” the first book ever written on how to invest in the student housing market.  Including flips, Steve has held about 80 rental properties over his career, with 40-50 being the most he has held at one time. Steve was able to “quit his day job” and just plain retire in 2002, but rather than getting seriously into real estate the numbers told him to “cash out” in 2004/5, and he sold dozens of paid or near paid for condos and got very lazy.   His portfolio now is down to 9 condos, and also includes three beach properties; two four bedroom oceanfront homes and a near oceanfront 7 bedroom home. The beach properties are held in a partnership with his daughter Lynne.

After about a decade of golfing, traveling, and enjoying his car obsession, Steve came back to GaREIA, driven by “boredom” and a desire to give back.  He currently serves on the GaREIA Board of Directors as Treasurer; is a co-leader of the Dealmakers Subgroup, an instructor in the GaREIA Boot Camp, as well as the Coach for GaREIA''s Mastering Passive Income Coaching Program.  Steve''s current interests are private money lending and retirement planning.

 

Registration Info - Registration Ends March 30

Early Registration (thru March 28)

$497 for GaREIA members / $747 for couple

$597 for Non-members / $897 for couple (includes one year membership with GaREIA) 

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Late Registration (after March 28)

$597 for GaREIA members / $897 for couple

$697 for Non-members / $1,047 for couple (includes one year membership with GaREIA)

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Other Info:

In person classes:  GaREIA Headquarters

Conference calls: via conference call

Lunch provided at Classes 1,2,4,5

Save $$$ with Early Registration through March 28!

 
 
Date and Time
Start Date: 04/01/2017 Start Time: 9:00 AM
End Date: 04/01/2017 Approx. End Time: 4:00 PM
Registration Deadline: 03/30/2017 Meet Time: 9:00 AM
Event Leader
Karen Yaap
Contact Leader
     
Event Cost
Prepayment Required
Pricing Option Name Price Deadline
Members: Early Registration thru March 28 $497.00 03/28/2017
Members: Late Registration after March 28 $597.00 03/30/2017
Non-members: Early Registration thru March 28 $597.00 03/28/2017
Non-members: Late Registration after March 28 $697.00 03/30/2017
Two People-Members: Early thru March 28 $747.00 03/28/2017
Two People-Members: Late after March 28 $897.00 03/30/2017
Two People-Non-members: Early thru March 28 $897.00 03/28/2017
Two People-Non-members: Late after March 28 $1,047.00 03/30/2017
 
Payment Details: Members Early Registration thru Mar 28 = $497; Members Late Registration after Mar 28 = $597; Non-members Early Registration thru Mar 28 = $597; Non-members Late Registration after Mar 28 = $697. See couple prices also. Non-member registration includes one year GaREIA membership. Registration ends on March 30
Location (More Detail)
Event Location: GaREIA Headquarters
Address: 4353 Tilly Mill Rd , Atlanta , GA   30360
Directions: From I-285: Take PEACHTREE INDUSTRIAL BLVD/GA-141 NORTH via EXIT 31B; Take the first exit toward TILLY MILL RD/GA PERIMETER COLLEGE. Turn RIGHT onto TILLY MILL RD. Go LEFT at first traffic light, into the HOME DEPOT parking lot. Facing HOME DEPOT, look for 2-story office building to your left, Tilly Mill Professional Center. GaREIA Headquarters is Ste 130. You may want to put Home Depot's address into your GPS: 4343 Tilly Mill Rd.
 
 
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4353 Tilly Mill Rd., Suite 130 Atlanta, GA 30360   info@gareia.com  Phone: 770.451.8800     
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