Podcast
The Broke Millionaires
Hosted by Lauryn & Joshua Massari · EN
Building Wealth, Raising a Family, and Keeping It Real.
We share the unfiltered journey of growing wealth through mid-term rentals, creative finance, and home renovations - all while raising a young family. From sacrifices and struggles to wins worth celebrating, we bring you real stories, smart strategies, and the behind-the-scenes chaos of chasing big dreams.
Join our FREE Broke Millionaires Skool community with weekly Q&A call. skool.com/brokemillionaires
https://www.instagram.com/thebrokemillionaires_
24episodes
Episodes
Newest firstAll episodes
E51 | How to Scale Your Portfolio After You Run Out of Money | Cory Jacobson
3w ago00:49:13Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesWhat if everything you've been told about getting rich through real estate is wrong? Cory Jacobson of Wealth Juice — who started with $25K and a house hack while earning $35K/year at the Philadelphia 76ers — reveals why cash flow is NOT the goal, how he turned a $40K investment into $160K in 4.5 years, and the exact strategy he uses to build wealth through equity exits, mid-term rentals, and 5–20 unit multifamily deals that institutions overlook.Key Takeaways:Cash flow is a defense mechanism — equity is where the real money is madeThe 1% rule still works in markets like Indianapolis, Detroit, and AugustaHouse hacking is still the #1 starting strategy for anyone without kidsOut-of-state investing forces you to build systems and remove emotionThe 5–20 unit multifamily space is a blind spot for institutional capitalYou can own properties you've never visited — boots on the ground is the keyWith $20K, you can either house hack or buy in a lower-cost marketAnalysis paralysis is more exhausting than actually buying your first dealGood insurance isn't optional — it's what saved Corey when a property caught firePatience over 5–7 years is the single most important skill in real estateResources & Links:Connect with Cory on Instagram: @WealthJuiceOfficialWealth Juice Podcast: Available on Spotify & Apple PodcastsYouTube: Search "Wealth Juice"Mentorship/Inner Circle: DM @WealthJuiceOfficial on InstagramJoin our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.Instagram: @thebrokemillionaires_Newsletter: https://tinyurl.com/yfzjfeyjLEGAL DISCLAIMER:This podcast is for informational and entertainment purposes only. Nothing discussed constitutes financial, legal, tax, or investment advice. Always consult a licensed professional before making financial decisions. The hosts are not financial advisors and results discussed are not typical.
Transcribe →E50 | The Awkward Middle: Assets, Broke Bank Accounts & the Real Cost of Building Wealth
3w ago00:55:26Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesThey own multiple properties, have a waitlist of tenants, and once turned down a six-figure Airbnb booking — and they're still checking their bank account before grocery shopping. In Episode 50, the Broke Millionaires pull back the curtain on the season nobody talks about: when your assets are growing but your personal cash flow is painfully tight. If you're building something real, this episode will make you feel less alone — and a lot more strategic.WHAT YOU'LL LEARN:Why they're considering selling one property — but only at a record-breaking numberHow to legally eliminate a $150,000 capital gains tax bill using a 1031 exchange and bonus depreciation togetherThe honest post-mortem on a cannabis real estate syndication that's losing 80% of the investmentWhich syndications worked (Grant Cardone) and which didn't — and why they stopped doing themThe Coverdell ESA + options trading strategy for funding private school tuition K–12 with tax-free dollarsHow co-hosting short-term rentals became their financial lifeline during a down business seasonThe real lifestyle cost of a financial rebuilding season — weddings missed, vacations skipped, and what it does to a marriageWhy goal alignment and faith are the actual foundation of a strong partnership during hard financial seasonsHow they still travel for free using home exchange and credit card points even when cash is tightWhy they document the journey in real time — not five years later when everything looks easyRESOURCES & LINKS:Broke Millionaires Community on Skool: skool.comWeekly Live Q&A: Thursdays at 4:00 PM PacificKam Dasani Options Trading Episode: YouTubeLuke's Bonus Depreciation Episode: YouTubeHome Exchange: homeexchange.comAmerican Express Travel Points: americanexpress.com/travelLEGAL DISCLAIMER:This podcast is for informational and entertainment purposes only. Nothing discussed constitutes financial, legal, tax, or investment advice. Always consult a licensed professional before making financial decisions. The hosts are not financial advisors and results discussed are not typical.
Transcribe →E49 | We Don't Sell Properties. So Why Are We Selling This One?
Apr 301:03:31Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesWhat happens when a fully permitted, ground-up rebuild in one of California's most in-demand neighborhoods stops making financial sense to hold — and selling it could generate up to $800K tax-free? In Episode 49, we pull back the curtain on the exact strategy we're exploring to make that happen, plus the creative finance scandal making national news, the hidden IRS tax trap destroying sellers in 0% seller-finance deals, and a $2,000 education savings strategy that could fund years of private school tuition completely tax-free.What You'll Learn:Why irresponsible sub-2 investors are causing innocent sellers to face foreclosure — and what ethical creative finance looks likeThe IRS imputed interest rule creating hidden tax bills in 0% seller-finance dealsHow bonus depreciation (back for 2026) can legally eliminate a six-figure capital gains tax billWhy we didn't sell last year — and why this summer may be the right windowWhat a cost segregation study is and how to use it to turn tax liability into new investment propertiesThe honest math behind a property that barely cash-flows despite renting for $13,500–$15,000/monthThe Coverdell ESA strategy: how $2,000 could fund 12+ years of private school and college tuition tax-freeHow HostShare and Home Exchange funded a family snow trip for nearly freeWhy we shifted from equity-building to cash-flow-focused investing — and what that means for our next movesThe free School community we're launching: weekly office hours, Q&A, and deeper dives on every episode topicResources & Links:HostShare: hostshare.coHome Exchange: homeexchange.comIRS Applicable Federal Rates (Imputed Interest): irs.gov/applicable-federal-ratesCoverdell ESA Overview: irs.gov/coverdell-esaFree School Community: skool.com/brokemillionairesMTR Summit: midtermrentalsummit.comJoin our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.Instagram: @thebrokemillionaires_Newsletter: https://tinyurl.com/yfzjfeyjLegacy Wealth Builder: bmlegacywealthbuilder.com(Info + schedule a call)Legal Disclaimer:This podcast is for informational and entertainment purposes only. Nothing discussed constitutes financial, legal, tax, or investment advice. Consult a licensed CPA, financial advisor, or attorney before making any investment or tax decisions. Real estate investing involves risk, including potential loss of capital.
Transcribe →E48 | From Flips to Hotels While Working a Full-Time Job | Lorenzo Mercado
Mar 2700:44:33Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesIn this episode, we sit down with Lorenzo Mercado—a pediatric nurse turned real estate investor and podcast host—who shares the real side of building wealth while still working a full-time job.From losing money on flips… to pivoting into boutique hotels… to raising capital and building in public—this episode breaks down what it actually takes to level up in real estate.If you’ve ever felt like you’re doing everything right but nothing is working yet… this one will hit.What We Cover What beginners completely misunderstand about real estate Lorenzo’s first deal (and how he lost ~$30K) Costly mistakes: permits, timelines, title issues, and bad assumptions Why flipping can be riskier than people think Why Lorenzo walked away from flipping entirely How hotels create value differently than single family homes The power of NOI vs. comps in commercial real estate Raising capital and building deals through relationships Why consistency beats everything (especially early on) When to stay focused vs. when to pivot Hiring, leverage, and buying back your time Building wealth while working a W2 job Using your network (even your day job) to unlock opportunities Key Takeaways “Safe” thinking (no debt, pay everything off) keeps you stuck Most people don’t fail—they just wait too long to start Real estate isn’t easier or harder now—it’s just different Flipping margins are thin unless you control the deal flow Commercial real estate = controllable value (not comps) Consistency for 3–5 years is non-negotiable You don’t need to quit your job to build wealth The fastest growth comes from taking imperfect action Real Talk Moments Losing money on deals doesn’t mean you’re failing—it means you’re learning “Building in public” comes with pressure—but also opportunity Waiting is the most expensive mistake in real estate You can’t learn your way into success—you have to act Books MentionedRich Dad Poor DadSet for Life – Scott Trench The Surrender Experiment🔗 Connect with Lorenzo Instagram: @lorenzo.mercado_ Podcast: The Lo-downFinal MessageIf you’re stuck consuming content and waiting for the “right time”… this is your sign:Just start.You’ll learn more from one deal than 100 podcasts.Join our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.Instagram: @thebrokemillionaires_Newsletter: https://tinyurl.com/yfzjfeyjLegacy Wealth Builder: bmlegacywealthbuilder.com(Info + schedule a call)
Transcribe →E47 | WARNING: Your 401k Is Designed to Keep You Working Until 65 (Here's Your Way Out) | Kam Dasani
Mar 600:42:06Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesMost people try to preserve wealth before they even have it. In this episode, Kam Dasani reveals why he quit his $250K Silicon Valley job to become a full-time options trader—and how his copy-paste swing trading system helps busy professionals accelerate wealth faster than any 401k or index fund.We break down:Why 401ks and index funds keep you stuckThe 45-second options trade anyone can doHow swing trading beats day trading for busy peopleThe #1 mistake new traders make (and how to avoid it)How to copy ex-Wall Street traders’ movesWhy Kam’s mom still thinks his success is “fake”Is this better than real estate or crypto?Kam shares real results, risk management tips, and how you can start with just $5-10K—even if you’re a total beginner. If you want financial freedom, location flexibility, and a proven system for building wealth, this episode is for you.Resources & Links:Free Trial Discord: https://discord.gg/TKrdXJ4JWnFollow Kam on instagram: @profitwithkamBook: Laughing at Wall Street by Chris CamilloJoin our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.Instagram: @thebrokemillionaires_Newsletter: https://tinyurl.com/yfzjfeyjLegacy Wealth Builder: bmlegacywealthbuilder.com(Info + schedule a call)Disclaimer: This episode is for informational purposes only and is not financial, tax, or legal advice. Options trading involves risk and may not be suitable for all investors.
Transcribe →E46 | Buying Back Your Time with Justin Lund
Feb 2701:01:31Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesWhat if the biggest thing holding your business back… is you?In this episode, Justin Lund joins us to break down the real reason founders get stuck, overworked, and secretly trapped—even after hitting 7 figures.The problem isn’t lack of effort.It’s hiring in the wrong order.Justin explains why hiring isn’t about scaling your business—it’s about buying back your time so you can pull bigger levers.We unpack:The biggest lie entrepreneurs believe about scalingWhy founders avoid hiring at the coreHow to calculate your true hourly valueThe cost of inaction vs. the cost of hiringWhy your business collapses when you take a vacationThe 2 types of problems in life and businessThe most expensive hiring mistake founders makeHow to build rhythms and routines around financesBalancing ambition with marriage and young kidsJustin also shares a powerful personal story about losing millions due to poor financial oversight—and the systems he now uses to protect himself and his clients.If you’re rebuilding, scaling, or feel like your business can’t survive without you… this episode will shift your perspective.Key Takeaway: Hiring the right way gives you time back. Time back lets you pull bigger revenue levers. Bigger levers create freedom and enterprise value.Books Mentioned:Buy Back Your Time – Dan MartellHow to Win Friends & Influence People – Dale CarnegieGetting Things Done – David AllenConnect with Justin on Instagram to learn more about buying back your time and building a business that works without you.Instagram: instagram.com/itsjustinlundJoin our FREE Broke Millionaires Skool community for weekly Office Hours where we break down episodes and apply them to real life.Instagram: @thebrokemillionaires_Newsletter: https://tinyurl.com/yfzjfeyjLegacy Wealth Builder: bmlegacywealthbuilder.com(Info + schedule a call)If this episode brought value, leave a review and share it with another entrepreneur who needs it.Get out there and make it happen.
Transcribe →E45: The Passive Income Lie Nobody Talks About
Feb 1700:59:36Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesReal estate investing and passive income are often marketed as effortless paths to financial freedom, but in Episode 45 we unpack the truth about rental properties, value-add real estate, property management, cash flow, and what it really takes to build wealth.Joshua and Lauryn dive into the misconception that real estate is passive from day one. Whether you’re buying rentals, flipping homes, managing apartments, or scaling short-term rentals, the early stages are rarely hands-off.They share real-life examples from their own portfolio — renovation delays, sewer backups, contractor issues, property manager challenges, and the reality of being house rich but cash broke.Key themes in this episode:• Why passive income requires upfront effort and risk • The difference between buying assets and building systems • Why even managed properties require decisions • The stress behind value-add investing • The loneliness of building wealth differently • Raising kids while managing renovations and rental propertiesJoshua explains that passive income becomes more passive over time as systems, automation, and teams take over. But in the beginning, it demands time, energy, capital, and resilience.If you’re building a real estate portfolio and chasing financial freedom, this episode offers an honest, grounded look at what the journey really involves.⭐ Support the ShowIf this episode helped you, please leave a 5-star rating and a review. It takes 2 seconds and helps us reach more families building wealth in a down economy.Connect + Support:If you got value from this episode, share it with a friend and leave a review. Questions or guest recommendations? DM Joshua + Lauryn.Instagram: @thebrokemillionaires_NewsletterLearn how we made over $2M in equity in 5 years. FREE download of the ALLLL Method™ blueprint. https://bit.ly/4pUFBMDWant to learn more about our mastermind community? Send us a DM or visit https://bmlegacywealthbuilder.comThis podcast is for informational purposes only and is not financial, tax, or legal advice.
Transcribe →E44: Rebuilding 2026: Sunsetting Work That Doesn't Pay You Back
Feb 500:39:18Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesIn Episode 44, Lauryn and Joshua talk about a key lesson reinforced by Dan Martell’s coaching: when sales are going down and a product is consuming your time without paying you back, it’s time to sunset it—not emotionally, but strategically. They share real-life updates on family life, investing momentum, and what “rebuilding” looks like in 2026. Joshua breaks down a major strategic pivot inside Midnight30 Marketing: moving away from commodity orders (low-dollar, high-time) and doubling down on premium, service-based client gifting through a new brand—Impacked™. The conversation goes deep into raising minimums, learning to say no, automating repeat orders using AI, and building a scalable “client experience gift” system designed to boost retention for coaches, educators, and membership-based businesses.They also share updates on:• stabilizing their Texas apartment building with new property management• a solar + roof program that drops insurance costs dramatically• launching the Broke Millionaires Legacy Wealth Builder community🔥 What You’ll Learn• Why “selling commodities” becomes a race to the bottom—and how to escape it• How to reframe an offer and charge more by adding a service layer• The importance of sunsetting work that drains time and kills momentum• Why $50, $500, and $50,000 orders can cost the same amount of time• How Joshua plans to use AI automation to process repeat orders end-to-end• The Impacked™ concept: premium gifts + automation + retention triggers (welcome / mid-year / renewal)• Why premium items beat cheap swag (and actually stay in people’s lives)🧠 Key Themes• Momentum, positivity, and rebuilding as 2026 focus words• Letting go of “yes to everything” and protecting time with minimums• Shifting from transactional orders to a retention-based program• Building a business model that supports family life (not 80-hour weeks)🧩 Mentioned in the Episode• Dan Martell coaching framework: pivot + sunset declining offers• Impacked™ (premium client experience gifting)• Legacy Wealth Builder community + weekly calls + deeper coaching• Automation using AI to reduce time spent on repeat orders• Premium gifting for online coaches and educators ⭐ Support the ShowIf this episode helped you, please leave a 5-star rating and a review. It takes 2 seconds and helps us reach more families building wealth in a down economy.Connect + Support:If you got value from this episode, share it with a friend and leave a review. Questions or guest recommendations? DM Joshua + Lauryn.Instagram: @thebrokemillionaires_Learn how we made over $2M in equity in 5 years. FREE download of the ALLLL Method™ blueprint. https://bit.ly/4pUFBMDWant to learn more about our mastermind community? Send us a DM or visit https://bmlegacywealthbuilder.comThis podcast is for informational purposes only and is not financial, tax, or legal advice.#BrokeMillionairesPodcast #BusinessPivot #EntrepreneurLife
Transcribe →E43: Land Investing That Prints Money (With Brent Bowers)
Jan 1700:49:30Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesBrent Bowers (thelandsharks.com) joins Joshua and Lauryn to break down how he went from broke Army officer, deployments, and debt to building freedom through vacant land investing. Brent shares the exact moment land “clicked” for him, why land beats rentals for simplicity, and how seller financing turned one small deal into predictable monthly cashflow. If you’ve ever thought land investing sounds fake, this episode will challenge that.In This Episode, We Cover:• Brent’s origin story: military life, family strain, and needing a way out• Why rentals didn’t “cashflow” like promised (repairs killed profits)• The first land deal: paying $285 in back taxes and turning it into $5,000• Why “boring” land can be a money printer with seller finance• How Brent uses postcards/letters to reach tax-delinquent landowners• Seller financing: down payments, 8–12% interest, and long-term cashflow• The biggest lie: “You can’t make money with land”• Why beginners fail: inconsistency, perfectionism, and quitting too early• The fastest way to lose money: skipping due diligence (call the county!)• Tax mistakes: the painful IRS bill, and why depreciation assets matter• Passive vs active: it’s active while building, passive once stabilized• Long-term plan: keep taxes low, buy rentals annually (mobile parks/industrial)• Golden rule: “Never buy on emotion”Book recommendation: Who Not How (Benjamin Hardy + Dan Sullivan)Brent’s Most Memorable Lessons:• Consistency beats perfection. Send the offers, follow up, repeat.• Due diligence is non-negotiable. “Call the county and see if it’s buildable.”• Cash chunks + cashflow matters. Big flips are great, but monthly payments protect you in downturns.• Land has fewer headaches. No tenants, no toilets, no HVAC repairs.Resources + Links:• Brent’s site: thelandsharks.com• Land owner/data tool: landsharksdata.com• Brent on YouTube: Brent Bowers (https://www.youtube.com/@brentlbowers)• Postcard resource mentioned: thelandsharks.com/postcardConnect + Support:If you got value from this episode, share it with a friend and leave a review. Questions or guest recommendations? DM Joshua + Lauryn.Learn how we made over $2M in equity in 5 years. FREE download of the ALLLL Method™ blueprint. https://bit.ly/4pUFBMDWant to learn more about our mastermind community? Send us a DM or visit https://bmlegacywealthbuilder.comInstagram: @thebrokemillionaires_This podcast is for informational purposes only and is not financial, tax, or legal advice.#LandInvesting #CreativeFinance #SellerFinancing #WealthBuilding #RealEstateInvesting #BrokeMillionaires
Transcribe →E42: How We Co-Host Midterm Rentals (And Stack Bookings to Cut Vacancy)
Jan 901:01:41Tap to summarizeJoin our FREE Broke Millionaires Skool community for weekly Office Hours Call where we break down podcast episodes and apply them to your real-life situation. skool.com/brokemillionairesIn this episode, Joshua and Lauren pull back the curtain on one of the hottest topics they keep getting asked about: co-hosting midterm rentals. They break down what co-hosting really is (and what it isn’t), why their model focuses on 91016, and the exact process they use to onboard and manage properties—from the discovery call to guest screening, turnovers, and performance clauses.They also share a wild real-world result: one of their three-bedroom midterm rentals closed out 2025 with 355 booked nights—only 10 vacant days all year—by strategically stacking reservations and building a strong lead network (insurance placement, corporate stays, and overflow leads from Airbnb).If you’re a real estate investor considering midterm rentals—or an owner curious about co-hosting—this episode lays out the operational truth: leads + systems + the right property are everything.What You’ll Learn• Why “stacking reservations” is the secret to minimizing gaps in a midterm calendar• The difference between short-term, midterm, long-term, and where each model wins• Why vacancy can kill short-term numbers (even in “perfect” STR locations)• The #1 reason most owners fail at midterm rentals: no lead network• Why they tell owners to expect ~10 months occupancy (and aim to overdeliver)• How they evaluate property fit (size, layout, family features, market demand)• The difference between market appreciation, inflation, and forced appreciation• Their co-hosting system: walkthrough → analysis → proposal → onboarding → operations• The “controversial” turnover move: brand new sheets + duvet cover every guest• How they screen guests using tools like Autohost, ID verification, and leasesKey Topics CoveredStacking bookings + insane occupancy• A three-bedroom property closes 2025 with 355 booked nights (10 vacancy days).• Why midterm can outperform STR vacancy patterns (midweek gaps, turnover friction).Why they won’t build on comfort• Selling a property to “fix cashflow” is a band-aid that sacrifices long-term wealth.•Capital gains taxes + losing an appreciating asset makes selling a bad “quick fix.”The three types of appreciation• Market appreciation: supply/demand forces.• Inflation hedge: dollar devaluation inflates asset prices on paper.• Forced appreciation: strategic renovations and value-add improvements.Co-hosting vs arbitrage• Arbitrage relies on fixed rent obligations while income can decline.• Cities tightening STR rules + oversaturation has crushed some large operators.• Co-hosting offers a lower-liability model (no master lease exposure).Why midterm operations are different• Midterm guests are often families, displaced insurance claims, corporate stays.• Furnishings must feel homey + durable, not “party house” aesthetic.• Small details matter: bathtubs, family amenities, cohesive kitchen setup.Their “Controversial” Turnover StandardThey do something almost nobody does:✅ Every new guest gets brand new sheets + a brand new duvet cover• They don’t reuse sheets for guests—helps avoid stains, wear, and hygiene concerns.• Guests can keep the sheets; sheets are donated when possible.It also saves labor:• Their cleaning crew does less laundry, which reduces turnover time and cost.Who This Episode Is For• Investors considering midterm rentals as a strategy• Owners struggling with vacancy or transitioning away from STR• People curious about co-hosting but unsure what it includes
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