Episode 117: Smart Investing With Your Family with Eric Wohlwend
Today we have Eric Wohlwend of Clear Sky Training on the show! Eric and his company train investors to be better at what they do, while having a family-first approach to all of his business. Eric is a family man, pilot, scuba diver, and great at what he does. Join us for some great conversation and some awesome investing tips.
In his own words: Eric has been a full-time Real Estate Investor since 2003. He received both the Ohio and the National Professional Housing Provider certification in 2006. He has been a Real Estate Agent since 2010. He has repositioned more than 1000 multi-family residential units. He is IREM CPM trained & has a Bachelors of Science from Kent State University.
In the last two decades Eric has used millions of dollars of private money to finance hundreds of multi-family units, single-family homes, about a dozen storefronts, a few mobile home parks, a storage facility and part of an airport. He specializes in finding deals that are “On Sale”, then buying and managing his managers. Eric’s ability to find deals in creative ways and then fund them through alternative funding sources has led to a huge expansion during the crash of 2007-2009. When banks stopped lending money to small investors, he developed a network of over 50 private lenders to finance new deals. He currently controls millions of dollars of real estate. He has owned everything from Houses to Airports and Vending machines. He still has single family and multi-family residential properties as well as commercial real estate.
His Training: He has mentored and taught students from many states and countries on 3 continents, with ages ranging from 7 to over 70. He is an international speaker that has been in front of thousands of students from all over the world. He has written articles for various investment newsletters. He is the past president of the Alliance Property Owners and has bee on the board of multiple REIA’s (Real Estate Investment Associations) Eric has written multiple articles in various Real Estate Investment newsletters. Eric was published in Business Innovators Magazine and is a #1 Best Selling Author.
He is president and CEO of Clear Sky Properties, Inc. He also is a managing member of various other real estate holding companies, Clear Sky Training, Ltd and other companies. He runs an independent Cash Flow Club. Every Wednesday he dedicates to helping others. He starts by chairing a free breakfast for anyone interested in investing or running a business. This is followed by giving time and guidance to up and coming entrepreneurs. Then he ends the day with an investor dinner.
Eric has helped many people, with limited money and credit, start investing in Real Estate, Precious Metals and Crypto Currency. Using what he teaches, both of his kids started buying real estate when they were seven years old. They did this without his money or credit.
In his free time, he is a pilot, skydiver, SCUBA diver and a life member of the VFW and the NRA…
Eric can be found around the world Training for Clear Sky Training, Ltd. Almost always accompanied by his family, he teaches about investing in Real Estate, Precious Metals, Cryptocurrency, Private Lending and many other related subjects.
0:00 – Start
4:45 – Where did your journey start?
16:00 – What made you go into management?
23:40 – What has allowed you to scale?
27:20 – Family Success Model
39:40 – Explain the success triangle from the book
44:10 – What are your kids doing in the biz? (Diff answer)
53:50 – Where are you investing?
1:12:00 – Closing questions
Quickly- I’m Scott Groves – Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu.
This podcast is paid for and brought to you by…. by me, Scott Groves 🙂
Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket. This channel is FAR from monetization and because of the subject matter, may never be monetized.
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