Event ID: 256399   Event Status:  On Schedule
GaREIA Coaching Program: Mastering Passive Income, Steve Laube Coach, Begins April 13 $$

What You Get From the Full Program

  • 25 hours in-person class time

  • 4.5 hours conference call discussion time (calls are recorded for later playback)

  • Three one-on-one personal consultations with Coach, each backed by a lot of emails and work between Student and Coach:
    1. Discuss the student's stock portfolio; asset allocation, diversification, return, risk and fees being paid. Coach's goal is to get all students properly allocated, diversified, earning at least 10% / year long term, minimize risk, and eliminate most if not all fees by using ETF's and funds
    2. Discuss the student's real estate portfolio, helping with strategic decisions like sell or keep, exit strategies, tax ramifications, etc.
    3. This final session is on budgeting; must vs. discretionary expenses; help student to determine, "how much income do I need to be financially independent and how/when can i get there?"

  • A private online discussion google group for participants and coach for discussion and questions 

The Mastering Passive Income coaching program is one of the highest rated educational programs offered at GaREIA.

About 120 students have participated in this program and ALL have stated it was helpful in their real estate career, and ALL have said they would recommend it to others! 

See below for 'what people are saying about this program'!

Here are some strategic questions you will be able to answer brilliantly after taking the Mastering Passive Income program: 

IRA’s / Retirement in general:

  • How much income do I need to replace my day job?
  • Why inflation in retirement may not be a problem at all
  • What do I need to do / when to get that much money from my rentals, SS, Ira’s, and maybe a pension?
  • The discussions you must have with your spouse
  • What is Monte Carlo simulation and how can I use that?
  • How much can I withdraw every year from my IRA’s to live off of?
  • What is the best technique to withdraw?
  • When should we take Social Security?
  • Can I use rule 72T to withdraw from my IRA’s?
  • Which type of IRA is best
  • What is wrong with the “4-5%” withdrawal rule, and how can I use that knowledge to safely withdraw more?
  • The “6 F” framework
  • How to handle the dreaded RMD
  • Backdoor Roth?

Real Estate:

  • How much RE do I need to buy?
  • How do I know when to sell my real estate? Which ones should I sell?
  • What is NOI, cap rate, PCF, and how can I use them to determine a real estate strategy?
  • What is meant by “TAAR?”
  • What are the three ways to make money in RE? Pros and cons of each?
  • How variable will my rental income be, and how much reserve fund do I need because of that?
  • What CAP rate is best?
  • How to avoid scams
  • Pros and cons of a property manager?
  • Why, when and how should I pay off my mortgages?
  • Pros and cons of holding RE in a Self-Directed IRA
  • Can I use financial engineering to achieve financial independence much sooner?
  • Can I avoid paying capital gains?
  • Why doesn’t the “rule of 72” work for real estate?
  • Which exit strategies should I use?
  • Why a 1031 may not be worth the trouble

Stock Market:

  • How can I stop losing money in the stock market?
  • What can I expect to make long term?
  • How do I correctly “buy on the dips?”
  • How to avoid scams
  • Why most investors don’t measure losses correctly
  • What are the pros and cons of real estate and stocks?
  • What is the difference between a mutual fund and an ETF?
  • What is a leveraged ETF?
  • What should my asset allocation be? Why?
  • Am I diversified?
  • How / when do I rebalance?
  • Dividends or home grown dividends?
  • Why doesn’t “110- your age” work?
  • Why it’s about “time in the market,” not timing the market

Schedule Summary

Class 1 - Saturday April 13, 9 am - 4 pm, In person class

Class 2 - Sunday April 14, 9:30 am - 4 pm, In person class 

Class 3 - Thursday April 25, 7 pm - 8:30 pm, Conference call 

Class 4 - Saturday May 11, 9:30 am - 4 pm, In person class

Class 5 - Thursday May 16, 7 pm - 8:30 pm, Conference call 

Class 6 - Saturday May 18, 9:30 am - 4 pm,  In person class

Class 7 - Thursday May 23, 7 pm - 8:30 pm, Conference call 

Class 8 - Thursday June 6, 7 pm - 8:30 pm, In person review class 

 

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Class 1 - "Investment and Income Tax Basics"

Saturday April 13, 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 14, 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 

Thursday April 25, 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 May 11, 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 - Conference Call 

Thursday May 16, 7 pm - 8:30 pm

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

Class 6 - "The Real Estate Income Pillar, Wrap Up of Your Budget and Spreadsheet, and All Other Topics"

Saturday May 18, 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 7 - Conference Call 

Thursday May 23, 7 pm - 8:30 pm

  • Q & A / Review of Class 6 
  • More progress with Budgeting and Passive Income Spreadsheet

Class 8 - In person Review Class 

Thursday June 6 (tentative date), 7 pm - 8:30 pm

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

 

Schedule Summary

Class 1 - Saturday April 13, 9 am - 4 pm, In person class

Class 2 - Sunday April 14, 9:30 am - 4 pm, In person class 

Class 3 - Thursday April 25, 7 pm - 8:30 pm, Conference call 

Class 4 - Saturday May 11, 9:30 am - 4 pm, In person class

Class 5 - Thursday May 16, 7 pm - 8:30 pm, Conference call 

Class 6 - Saturday May 18, 9:30 am - 4 pm,  In person class

Class 7 - Thursday May 23, 7 pm - 8:30 pm, Conference call 

Class 8 - Thursday June 6, 7 pm - 8:30 pm, In person review class 

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What You Get From the Full Program

  • 25 hours in-person class time

  • 4.5 hours conference call discussion time (calls are recorded for later playback)

  • Three one-on-one personal consultations with Coach, each backed by a lot of emails and work between Student and Coach:
    1. Discuss the student's stock portfolio; asset allocation, diversification, return, risk and fees being paid. Coach's goal is to get all students properly allocated, diversified, earning at least 10% / year long term, minimize risk, and eliminate most if not all fees by using ETF's and funds
    2. Discuss the student's real estate portfolio, helping with strategic decisions like sell or keep, exit strategies, tax ramifications, etc.
    3. This final session is on budgeting; must vs. discretionary expenses; help student to determine, "how much income do I need to be financially independent and how/when can i get there?"

  • A private online discussion google group for participants and coach for discussion and questions 

------------------------------------------

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

Education and Day Job

Steve Laube started life as a nerdy scientist with a BS in chemistry, obtaining several patents, writing a chapter in a chemistry book, and becoming the North American Technical Director of a 2 billion dollar chemical company. He received an MBA in finance from Case University in 1983, and, just before he retired in 2002, rather than consulting with a Certified Financial Planner, he took the CFP program at Oglethorper University and passed the national CFP boards (bar exam equivalent) in 2001, the hardest thing he has ever done academically.

Real Estate Investing

Steve's 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. The profits from the two quads paid for three college educations for his kids.

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.

The Move to "Passive Income"

Steve was able to “quit his day job” and just plain retire in 2002. He emphasizes... "my pension was $479/month, I did not have an annuity of any kind, and I was too young to take Social Security by seven years! I learned how to blend stock and RE income to live a very nice lifestyle."

After retiring, 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. He continues to sell when the numbers tell him to, and sold his last two student condos in 2017, and one of his three beach houses in 2018. His portfolio now is down to 5 condos, and two 4 bedroom oceanfront homes. The beach properties are held in a partnership with his daughter, Lynne.

GaREIA

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 has served on the GaREIA Board of Directors as Secretary and Treasurer. He currently is a co-leader of the Dealmakers Subgroup, an instructor in the GaREIA Fast Start and Buy & Hold Boot Camps, 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 April 10

Early Registration (thru April 7)

$597 for GaREIA Members 

$797 for Non-members  

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Late Registration (after April 7)

$797 for GaREIA members 

$997 for Non-members 

Note: special pricing for couple = 2nd person (spouse / significant other) pays 50%. Please call GaREIA to register 770-451-8800

_____________________________________

Other Info:

In person classes:  GaREIA Headquarters

Conference calls: via conference call

Lunch provided at in-person classes

Save $$$ with Early Registration through April 7!

 
 
Date and Time
Start Date: 04/13/2019 Start Time: 9:00 AM
End Date: 04/13/2019 Approx. End Time: 4:00 PM
Registration Deadline: 04/10/2019 Meet Time: 9:00 AM
Event Leader
Karen Yaap
Contact Leader
     
Event Cost
Prepayment Required
Pricing Option Name Price Deadline
Members: Early Registration thru April 7 $597.00 04/07/2019
Members: Late Registration after April 7 $797.00 04/10/2019
Non-members: Early Registration thru April 7 $797.00 04/07/2019
Non-members: Late Registration after April 7 $997.00 04/10/2019
 
Location (More Detail)
Event Location: GaREIA Headquarters
Address: 4353 Tilly Mill Rd, Ste 130 , 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.