washes, recreational vehicles and car sharing, RV parks, how to monetize a newsletter and more. The newsletter is published by Codie Sanchez and her excellent team. Sanchez comes from the private equity world and speaks the language of deal-making and acquisitions. They also host a Contrarian Thinking conference you can attend in person. • Contrarian Cashflow is the paid part of the Contrarian Thinking community that provides detailed playbooks that help you find, analyze, and structure the passive cashflow deals discussed in the newsletter. There are also weekly live calls that go into detail about an asset class or entrepreneurial topic. One call recently covered how to evaluate a fund or syndication. It offered sample operator agreements and typical fee and revenue split structures. There is also a community forum where entrepreneurs can network and share with others interested in creating more passive income streams. • Unconventional Acquisitions is a course and community on busi- ness buying offered by Sanchez and her partner Ryan Snow. It provides many free resources, including a weekly newsletter. Basically, their investment the- sis is you should buy an existing profitable business instead of building one from scratch. These are what they call boring busi- nesses like laundromats, car washes, plumbing, roofing, and other essential businesses. Many baby boomers are retiring every day, and quite a few own a small business or property their family wants no part of. They
teach you how to find, analyze, conduct due diligence, work with the seller, and structure the financing along with the required documents to get you started. After you acquire the business, you add value with a good opera- tor and technology. Then you can scale and repeat, if desired. VALUE OF AN ENTREPRENEUR TRIBE Having been a member of the Think Realty tribe for a while, I can tell you I get a great deal of value and professional development from being a part of this community. I have met other entrepreneurs and contributors to the community, and I learn from them in greater pro - portion to the value I try to bring. It has helped me grow and advance my real estate investing career. The value I have received from joining Contrarian Thinking and Unconventional Acquisitions is similar to the knowledge and skills I’ve gained from the Think Realty community. I have been introduced to alternative passive income streams that will help me diver- sify my portfolio of investments. One passive income stream was bitcoin mining. As a result of one of the calls on the topic, I have two bitcoin mining machines working for me 24 hours a day and hosted remotely in Texas. The mining machines basically are like little rentals to me. I get to depreciate the equipment to offset my gains from mining bitcoin. They manage the machines like my property managers manage my rentals, and I get a monthly statement and bitcoin sent to my private wallet. I hope to add more bitcoin miners and additional passive income streams through the education and
skills I’ve gained from participating in these entrepreneur communities.
MAXIMIZING VALUE In business as in life, what you put in is often what you get out. I try to add value to the Think Realty community by writing articles. Because I know the value the other contributors are bringing to the community, I also try to reach out to them and support their work or business whenever possible. As a result of this engagement, I have received more from my participation than I can give back. For Contrarian Thinking and Unconventional Acquisitions, I try to share my experiences and resources that complement their work and community and tell as many people as I can about it, because I find the value from both communities to be unique and powerful. FINDING YOUR ENTREPRENEUR COMMUNITY They say to be careful who you associate with and that you are very likely to be influenced by your five closest friends. Although my closest friends may not be billionaires, I would not want to lose them. They are good people, and they challenge me to want to be better. I see my close friends and my entrepreneurial communities as a value-add to my network. I look for real mentors and teachers I can trust while being a mentor and teacher to others. So, choose your tribe well and try to give as much as you get to get the most out of the experience. •
Jeff Roth has been a licensed realtor in Michigan for the past 15 years. He specializes in investment property in southeast Michigan. You can learn more about Roth’s practice at www.moregroupmi.com/staff/jeffroth and connect with him at jeffrothsells@gmail.com.
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