Real Wealth Show: Real Estate Investing Podcast

Many investors work their way up from single-family rentals to larger multi-families, but in today's episode, you'll hear from someone who's taking the opposite approach. Richard Woolley launched his personal investing career with the purchase of two triplexes but decided that single-family homes were the way to go. Richard has a Bachelor of Science in Construction Management and has worked as VP of Preconstruction for a New York multi-family developer. Among his projects are a 40-story building in New York City and a 30-story building in nearby Westchester. He's now building a portfolio of single-family rentals and has some inspiring advice for new investors. www.RealWealthShow.com Click here to join the network for free

Building a portfolio of rental properties can be your ticket to financial freedom. But it also exposes you to risks and the need for asset protection. One way to do this is by transferring your investment properties into an LLC, or another kind of legal entity, like a land trust. That topic inspires many questions among new investors including where they should set up their LLCs. In this episode, we hear from tax and asset protection attorney, Clint Coons, who will answer that question and many more with easy to understand explanations. Among the topics he'll cover are the where, the why, and the how you might want to set up your LLC along with the difference between LLCs and other entities. You can schedule a free session with someone at Clint's firm or watch the replay of a recent webinar by Clint on our website. You need to be a Real Wealth member to access the webinar replay inside our investor portal, but joining is easy and free at www.realwealthshow.com. Audio Transcript: [music] [00:00:00] Announcer: You're listening to The Real Wealth Show with Kathy Fettke, the real estate investors resource. Kathy Fettke: A common question we get from our Real Wealth members is where should I set up my LLC for the best asset protection? Well, it's not that simple. I'm Kathy Fettke. Welcome to The Real Wealth Show. Today's guest is full of information on how to protect your assets from lawsuits. I learned so much from this interview, and I'm so glad I don't have to figure this stuff out on my own. We've got an expert here to do that for us. Clint, welcome back to The Real Wealth Show. Clint Coons: Thanks for having me. Kathy: I got an email recently from somebody saying is it illegal to have an entity in another state from where you live? Thinking that you're tricking the IRS into thinking that you live in that state if you have an entity there. What's your response to that? Clint: That's incorrect. Obviously, you can set up a business entity wherever you want. If you're going to own real estate in another state, take, for example, Florida, then you're legally required to have an LLC set up there or registered to do business there. For example, if you lived in California, and you had property in Florida, you take your California LLC, and you would register it in Florida to conduct business. It is doing business there. It doesn't matter where you sit, where you live, and where the entity is located. In the eyes of the IRS, it all flows back to you, and you're going to pay taxes on that money, regardless. They don't care where it's set up. Kathy: What you don't want to do is say open up a Nevada LLC, and say you live there when you really live in California or something like that. That would not be okay. Clint: That's a different strategy. That is basically tax avoidance where people will-- This was [00:02:00] really popular back in the early 2000s. There'll be a lot of advertising, "Hey, set up an entity in tax-free Nevada and pay zero tax." People would do that with the thinking that if they had an entity there, they wouldn't be subject to federal income tax or state income tax on their business that is derived from a particular state. What we found back in those times that you'd have a lot of Californians would set up Nevada entities, run an active business through their Nevada entity that's actually taking place in California and try to avoid all California state tax. Some people even think that they didn't have to pay federal tax. Those people ended up wearing orange jumpsuits out of them or else having a lot of fines when they were caught. Kathy: You don't want to lie about where you live. In our case, our business is in all kinds of states, but we live in California. No matter what, we got to pay California tax unless we moved. In that case, if we moved, you have to live at least more than six months of the year somewhere else. Is that right? Clint: Yes. If you wanted to change your domicile out of a particular state to a different state, then you would have to establish residency, and that would typically require that you register to vote there, you get a driver's license in that state, and more importantly, the way they track it as well as on utility bills. They would look at your utility bills that are in your name, and they would determine whether or not you actually reside in that property for six months if they wanted to be aggressive. I've seen this happen before with individuals who claim residency in Nevada when in reality, they were not residents there and the home state would request their utility bills for that time, the six months they said they lived there. They would find there was no water usage, no electricity usage. They're like, "You weren't really living there. You were just stating you are." That can get you in trouble. What you have to do is put your mother-in-law or somebody in your property during that time. Kathy: [00:04:00] I don't know if it's true, but I've heard that they can even

One of the best things about investing in real estate is the use of "other people's money" or OPM. You can use OPM to pay for your deal while you get all the cash flow, appreciation and tax benefits. What do we need to know about the lending environment today? In this episode, we'll hear from private real estate lender Brian Stark. Brian has more than 20 years experience as a lender and is currently VP of Originations at real estate lender Icecap Group in New York City. He has actively invested in single-family, multi-family, and commercial real estate. He's bought and sold hundreds of properties, wholesaled many more, and originated more than 1,400 real estate loans totalling well over $150 million. www.RealWealthShow.com Click here to join the network for free Transcript: [00:00:00] [music] Presenter: You're listening to The Real Wealth Show with Kathy Fettke, the real estate investors resource. [music] Kathy Fettke: One of the best things about investing in real estate is the ability to use OPM, other people's money, to fund your deal. Yet you get all the tax benefits, the appreciation, and the cashflow from that deal while somebody else pays your loan off for you. What is the lending environment today? I'm Kathy Fettke and welcome to The Real Wealth Show. Our guest today has been a private real estate lender for about 20 years. Brian Stark is VP of originations at IceCap Group, a direct private lender in New York City, making loans to real estate investors nationwide. He's wholesaled hundreds of properties, bought and sold hundreds of properties, and originated over 1,400 real estate loans, and he's here with us today on The Real Wealth Show. Brian, welcome. Brian Stark: How wonderful to be with you, Kathy. How are you today? Kathy: I am doing wonderful. I'm glad to have you on because we're seeing some changes a bit in lending, and I would love to get some understanding of it. We're seeing interest rates go up, how much have they gone up, and do you think that will continue? Brian: Not to be contrarian, but the truth is, in the investment side, we still see rates pretty well depressed. Not in a negative way, we see them held pretty low. In some areas, they're even going down a tiny bit because there's so much investment activity and there's a lot of, you would call it competition among lenders, like the company that we run and others like us. Everybody's feeding for the borrowers and depressing rates a little bit. While there's a little interest rate bump for consumers, I think investment rates are staying stable, or maybe reducing a tiny bit. Kathy: [00:02:00] That is really good news. Brian: It's great news. Kathy: I could see that because there's so much money out there chasing some kind of yield and not able to get it, but lending provides that. I'm not surprised, but I just haven't really heard that. Is it more private lenders and not so much the Fannie, Freddie lenders, the conventional? Brian: Yes. For the purpose of this discussion, Kathy, there's two buckets, if you will. One bucket would be government-backed money like Fannie, Freddie banks, the people with the big fancy buildings downtown. Then the other bucket would be all the private lenders. When we say private lenders, we're not just talking about the nice guy that you sit next to in church who's got a couple of hundred thousand in their IRA, I'm talking about what have now become, in the last five, six years, multi-billion-dollar companies that have raised huge rounds of capital raises. Hedge funds, private equity funds are in this business, our company has own fund, family offices. We're talking about very substantial private institutions that are in the business of making loans to real estate investors for fix and flips, buy and holds, and those companies are very competitive. We're not governed by United States government regulations, in most cases, we're not governed by stockholders. We're basically governed by the owners of the company, who on a given morning might say, "Hey, let's get into this business. Hey, let's lower rates. Hey, let's do higher LTVs. Let's go compete with this company or that company. I want 50 more borrowers this month. Let's do another 50 million this month." Just that fast, they can lower their rates because it's their money. Kathy: They must fall under some kind of regulation, I imagine it's pretty strict stuff. Brian: To the extent that you and I are both regulated, we're not allowed to drive past a certain speed or steal somebody's car, we're regulated to that degree, but there's very little regulation of business-to-business lending. [00:04:00] Very little in most states. There are half a dozen states in the country where there's a lot of regulation and most of us stay out of those states actually. Kathy: Which states are those. I assume New Jersey, California? Brian: Actually, California's one, New Jersey is not. Arizona, Nevada, North and South Dakota, Utah, most of us are not too active in Alaska. Th

This past year, we learned a lot about which states are more business-friendly than others. Some had mandatory shut downs, like California. The rules were particularly strict in Los Angeles where the city would turn the water and electricity off at businesses that defied the shut down order. On the other side of the country in Florida, the economy and businesses have been mostly open for the entire year. It was certainly a risk for Florida, but the state gave people the opportunity to make choices for themselves. And now we can see the results of that decision. CDC statistics show that the Covid-19 case rates and death rates since the beginning of the pandemic are nearly identical in both states. As an aside, Florida's death rate is 40% lower than in the State of New York, along with dozens of other states. But even though Florida and California had nearly identical public health outcomes, their diverging strategies have had an enormous economic impact. You'll hear more about that in this episode along with an update on the Florida real estate market right now from someone who's been in the business for 25 years. He's from New Jersey but has flipped homes in California and moved back to Florida where he is now, and specializes in locating great rental income properties for investors. www.RealWealthShow.com

In March of last year, the WHO officially announced COVID-19 as a global pandemic. And here we are, one year later. How has the pandemic has impacted the commercial real estate industry? And where we might be going from here? In this episode, we'll hear from John Boyd, Jr. of corporate site selection firm The Boyd Company. John's expert perspectives on corporate site selection, economic development and the real estate industry are routinely featured in the global news media. The Boyd Company clients include Boeing, Chevron, PepsiCo, Visa International, Shell, Honda Motor Company, Hewlett-Packard, JP Morgan Chase, Sanofi, Royal Caribbean Cruises, Dell, and TD Canada Trust. www.RealWealthShow.com theBoydCompany.com

What happens when you dream of being a pilot but, after years of work in pursuit of that goal, you are told you don't qualify? For one entrepreneurial woman, you take the skills that you've already developed and dedicate them to a new passion -- in this case, it was real estate. During her time with the U.S. Navy, Beka Shea earned her mechanical engineering degree. When she crossed "pilot" off her list, she worked as an engineer until her third pregnancy which made her realize she didn't want to travel as much. That's when she decided to try her hand at real estate and took on her first fix-and-flip. From there, she turned her skills into an amazing real estate career rehabbing dozens of homes, wholesaling many more, and buying several rental properties along the way. She attributes her success to a certain kind of mindset which you'll hear more about in this episode! Currently, she works full-time helping other investors reach their real estate goals or what she calls "Freedom Dreams." You'll find her at: https://www.7figureflipping.com For this episode and more, go to www.RealWealthShow.com If you like our show, please subscribe and leave us a 5 star review and comment!

Today's real estate market is worlds different than it was ten or so years ago. Back then, it was easy to find great deals on homes you could fix-and-flip or buy-and-hold as rental property. Now, home buyers and investors are competing for a record-low inventory. That's pushing homebuyers and investors toward the new construction market. In today's episode, RealWealth investment counselor Ben Erik Smith will talk about how his investment strategy has changed, and why he's so enthused about newly built rental properties. Spoiler Alert: He just closed on a brand new four-plex in Florida. Ben owns 18 doors in Florida, Ohio, and Pennsylvania, and is looking to buy two more for a total of 20. All of his properties are older renovated homes, except his new four-plex. He has worked for RealWealth since July 2014 helping other investors build their portfolio. In this episode, he will talk about the positives and the negatives of buying new construction rental homes, along with some of the markets where you can find them. Markets mentioned in this episode include: Jacksonville, Orlando, Palm Bay (Space Coast), Charlotte, Atlanta, Houston. If you'd like to learn more our new-build markets, and the purchase of new construction rental homes, please join RealWealth and log in to the Investor Portal. You'll find market data by clicking on New Construction Rentals under the Invest tab. www.RealWealthShow.com

Building wealth is something that we do for ourselves and our family, and for some, it's also a way to "give back" to people in need. In today's episode, we'll hear from someone who started his real estate career so he could raise enough money to help orphans around the world, as well as his family. He's truly a good, good soul. If you think investors are more self-serving than that, this interview might change your mind. Our guest, Whitney Sewell, became a federal agent after serving in the military at a very young age. When he got married, he and his wife, Chelsea, decided to adopt at-risk children but realized they needed more time and money to fulfill their charitable dreams. Whitney had heard that other people could build wealth through real estate, so he thought he could too. He and his wife bought two triplexes. They also lost a lot of money on those initial investments but learned a lot, as well. Today, they personally own more than 250 units and their company, Life Bridge Capital, has invested in more than 900 doors worth more than $120 million. Inspired by their desire to help orphans and their families, the Sewells founded the Life Bridge Foundation, and donate 50% of their profits to the foundation. Whitney is also the host of the Real Estate Syndication Show. Links: www.RealWealthShow.com https://lifebridgecapital.com/ https://lifebridgecapital.com/podcast/

It takes imagination and courage to break out of the financial safety net we create for ourselves with a 9-to-5 job. Many of us dream about doing it, and few of us actually go through with it, especially when it comes to giving up a cushy high-paying job for a career field we know little about. Leka Devatha took that chance about 7 years ago. She quit her job at Nordstrom to try her hand at fixing and flipping homes. After a string of successful flips, she obtained her broker's license in 2017 and became one of the top-producing agents in her office. She has now flipped over 50 homes and has expanded her focus to include land development, additions, acquiring long-term rentals both in-state and out-of-state. She also serves as an advisor on the board of Certain Lending, a FinTech company based in San Francisco. She enjoys inspiring and motivating other entrepreneurs to build successful businesses and for this reason hosts a monthly meetup, "Real Estate at Work" to bring new and seasoned investors together. www.RealWealthShow.com

One of the best ways to protect your real estate assets is through good insurance policies. But how many of us really know what to look for in the massive policies we pay for and depend on for protection? On today's show, Beth Boisseau-Coots will break it all down for us. She's been an insurance broker at J.B. Lloyd & Associates for 15 years, and serves as Vice President with a focus on real estate investors. She has had a leading role in the development of insurance programs for investors at JBL, and is continually refining them. In 2015, she earned the title of Certified Insurance Counselor (CIC) from the National Alliance for Insurance Research and Education. If you'd like to hear more from Beth about insurance options, she's done a recent webinar with us on insurance policies for investors. You can access a replay of that webinar as a member of RealWealth. If you haven't joined, it's 100% free and takes less than 5 minutes to sign up. Go to www.RealWealthShow.com Beth's contact info is listed under the Resources tab in our member's only investor portal on our website. Click here to join for free (or to login if you are already a member).

What started off as a dream to own their own home, turned into a passion for real estate investing and plans to retire by the age of 40. They got their start in their early twenties in the midst of the housing market crash of 2008. Now, with just a few years left until their 40th birthdays, they are on track to become job optional. Ryan and MaryAnne are the children of immigrants, who grew up with visions of opportunity and the goal of financial freedom. In today's interview, both Kathy and Rich Fettke will be asking them about their Real Wealth Story: How they got started in real estate, and how they have collaborated in the purchase of rental properties many miles from home. Their answers are not only educational, but inspiring to others who would like to do the same. www.RealWealthShow.com

In this episode, I have the honor of interviewing the man named as one of the 50 Most Powerful People in Real Estate by Bloomberg/BusinessWeek. Doug Duncan is Senior Vice President and Chief Economist at Fannie Mae where he is responsible for forecasts and analyses for the economy, housing and mortgage markets. He leads the Fannie Mae Corporate House Price Forecast Working Group which reports to the Finance Committee. Under his leadership, Fannie Mae's Economic & Strategic Research Group (ESR) won the NABE Outlook Award, presented annually for the most accurate GDP and Treasury note yield forecasts, in both 2015 and 2016. He was the first recipient in the award's history to capture the honor two years in a row. In addition, ESR was awarded by Pulsenomics for best home price forecast. Prior to joining Fannie Mae, Duncan was Senior Vice President and Chief Economist at the Mortgage Bankers Association. And he's here with us in this episode of the Real Wealth Show. www.RealWealthShow.com

The pandemic has caused a lot of pain in this country, but it has also jolted some people into a new reality. For many, that's the ability to work remotely and all the benefits that come with that, including a less expensive place to live, more free time, and more money to save or invest in things like real estate. Will Pleskow is one of the people living this kind of newly discovered reality. The 29-year-old tech worker moved from an expensive apartment in San Francisco to a sunny, less expensive place in Palm Beach, Florida. And that's given him tremendous personal and financial freedom. In today's episode, he talks about the simple steps he took that are making such a big difference in his life, and what he's planning on doing next. www.RealWealthShow.com

The real estate roadmap is changing. We have a new administration that will implement new policies at a time when the economy is also recovering from the pandemic. We can expect change, but it doesn't have to be scary. In fact, today's guest says there's plenty that consumers and real estate investors can look forward to, in terms of real estate, and she's here to share some of her ideas about what she sees as opportunities. Kathleen Kramer has been in the real estate business for more than a quarter century. She's worked as a mortgage originator and real estate broker, and has closed over 2,500 transactions for more than $1 billion in volume. She's currently a note investor, and tracks economic issues for real estate investors in Southern California. She and her husband, Michael have also personally invested in many kinds of real estate deals, including single- and multi-family rentals, commercial property, land development, and other real estate investment vehicles. Her website: https://libertyre.net/ www.RealWealthShow.com

How do you go from a small fishing village in Ireland to coming to the U.S. and flipping over 350 homes, keeping some as rentals and retiring in your early 40's. Well, our guest today is going to tell us how he did that. Colin has been investing in the U.S. since 2009. During that time, he's bought and sold more than $100 million worth of real estate in the Tampa Bay area. He's an expert in foreclosure auctions, along with wholesaling, tax investing, note investing, private lending, and more. www.RealWealthShow.com

This is another installment of our Real Wealth Story interview series, and an update on one we've done before! Maggie is a long-time Real Wealth employee who hit the road with her hubby Marc a few years ago, and took her job with her. Maggie is one of the reasons that Real Wealth went totally remote because it worked so well with Maggie. Their story is inspiring. They don't own a home or a lot of possessions, but that's given them the freedom to travel, and the funds to buy investment property. In this episode, Maggie and Marc join Kathy and Rich Fettke for an update on how they turned a lifestyle vision into a reality, what they've learned along the way, how the pandemic has impacted their plans, and their thoughts on the meaning of "real wealth." www.RealWealthShow.com

In this episode, we bring you another Real Wealth Story with both Kathy and Rich Fettke as hosts. Our guest is someone who came to the United States as a refugee from the Soviet Union. He emigrated here with his mother out of fear for their lives, and has worked hard to rebuild his life in a free society -- first in the information technology field, and currently as a real estate investor and fund manager. Mike Zlotnik joined Tempo Funding, LLC in 2009 as a managing partner, and Vice President of funding operations. Also known as "Big Mike", he assumed the responsibility of CEO in 2014 and has since founded the TF Management Group and three new investment funds. He holds a Bachelor's degree in mathematics, participates in various real estate and mastermind investor groups, and hosts a podcast for investors called "Big Mike Fund Podcast." www.RealWealthShow.com

This is the first in a new series called Real Wealth Stories with both Kathy and Rich Fettke as hosts. They have been fascinated by the life-changing stories they've heard from our network members and investors, so they thought it would be inspiring to share some of these stories on the Real Wealth Show. As you may know, we define Real Wealth as having the money and the freedom to live life on your own terms. Today's guest is taking action on that idea, and is on track, with his wife, for early retirement. Kevin and Michelle Yu are two 30-somethings with W2 jobs in the Sacramento area, but are also passionate about passively investing in real estate. They see it as an avenue that will lead to a more secure retirement in a shorter amount of time, hopefully. Michelle couldn't make it for the interview after a sleepless night with their one-year-old, but Kevin fills us in on how they got started, what they've bought so far, and what they are planning for the future to realize their real estate goals. www.RealWealthShow.com

While 2020 has been a difficult year for many people, the CARES Act has provided some unique tax deductions. But they won't last forever so it's important to take advantage of them now. Today's guest will talk about these one-time tax strategies, and how investors can use them to save thousands of dollars. Toby is a nationally-renowned tax attorney who agreed to come on the Real Wealth Show as a preview to a webinar he's hosting with us this Thursday, December 17th. It's called "Last-Minute Tax Strategies for 2020" and it's free for RealWealth members. If you're not yet a member, it's easy to sign up, for free. Just go to www.join.realwealth.com. www.RealWealthShow.com

Becoming a doctor is certainly a difficult goal to achieve, but one that comes with big rewards in terms of helping people become healthy and earning a healthy paycheck. But it can be high stress and very demanding. Our guest today has been down that road and decided that she wanted more free time for her family, friends, personal pursuits, and adventure. That's why she switched careers from practicing medicine to investing in real estate. Dr. Patricia Red Hawk was born and raised in the San Francisco Bay Area. She attended Temple University School of Medicine in Philadelphia to become a family physician. And, she currently lives with her wife and kids in the Pacific Northwest. She's the CEO of the Red Hawk Property Group and the Welliott Investment Group, is a frequent public speaker, and loves to swim, ride motorcycles, race sailboats, and teach people about investing and building wealth. www.RealWealthShow.com

Today's guest is a true inspiration for both men and women around the globe. She's always felt confident enough to speak up for herself and others, and she's used that talent to build an impressive real estate empire. Ashley Wilson has more than ten years of experience as a real estate investor. It started with renting out rooms in her home, and turned into a full-time real estate investing business. She's now been involved with more than $60 million worth of real estate transactions for both single- and multi-family properties. Ashley co-founded Bar Down Investments (www.bardowninvestments.com) with her husband, Kyle, and authored a newly-released book about women in real estate called "The Only Woman in the Room." She's also an active member of The Real Estate InvestHER Community. www.RealWealthShow.com

2020 has been a tough year, and one that probably everyone in the world could say: "I'm happy that it's almost over!" In this episode, Rich Fettke will talk about how to practice gratefulness and create a positive mindset in time for Thanksgiving, and the New Year! www.RealWealthShow.com

Erica Marston went from stay-at-home mom to real estate pro with a little inspiration from Robert Kiyosaki and Real Wealth Network. She started investing about four years ago, and she now owns ten properties in three states. You'll find out how she did it and what's next in this episode. www.RealWealthShow.com

Today's guest started off as a pharmacist who wanted to create passive income so he decided to invest in rental properties. Ketan Patel didn't have a lot of money, but discovered that a shift in mindset would help him get rid of the fears and beliefs that held him back. He now helps other real estate entrepreneurs as a transformational coach. www.RealWealthShow.com

With the stock market and real estate at record highs, and now a change in U.S. leadership, a lot of people are concerned about a potential correction. Today's guest has been studying these things for a long time and he's got some insights and predictions for the real estate market in this episode of the Real Wealth Show. Bruce Norris of the Norris Group is known for his ability to forecast long-term market trends and timing. He is an active investor, hard money lender, and real estate educator with over 35 years experience. He's been involved in more than 2,000 real estate transactions as a buyer, seller, builder, and money partner. www.RealWealthShow.com

Our guest today sent me a very sweet note. In it he said, "Having been a listener of your podcast for several years, I have learned about replacing my W-2 income with passive income from real estate investing." Well, that got my attention, so I invited David Vernich onto the Real Wealth Show to tell us how he's created a passive income stream, while working full time. David is a commercial loan officer who specializes in investor loans for the purchase of single-family rentals. He's also a long-time investor who started buying rental properties in 2007 and now co-owns more than 120 rental units www.RealWealthShow.com

Getting started in real estate doesn't have to be a difficult process. It just requires getting started. And the more you learn, the faster you'll want to get on it. Today's guest was working for a tech startup just 3 years ago - and it happened to be a real estate platform. And he was required to learn about real estate investing as part of the job. Well, like many of us, he got hooked, and thirty days later he bought his first four-plex as a house hack. Over the next two-and-a-half years, he grew his portfolio to 22 units, all in the St. Louis area where he lives. He's with me today, to share his story and offer some rock-solid advice for people wanting to get into the real estate rental business. www.RealWealthShow.com

Do you have a particular market where you'd like to own some rental property? Is it a market that you don't find listed on our website or haven't been able to get help with as an investor? Are you looking to purchase an investment property that may or may not be turnkey with property management? Maybe you'd prefer to renovate the property yourself? Or buy a home that you live in now and rent later? If you answered "yes" to any of these questions, you will love what we're unveiling at RealWealth. We are creating a network of RealWealth Certified Agents in markets outside our 18 core metros to give investors more options. Today, our Director of Investor Relations and Investment Counselor, Ben Erik Smith is with me to talk about this new national brokerage, and what it means for people interested in buying investment properties outside our established areas, and possibly in your own backyard! Ben has helped our members find hundreds of rental properties as an investment counselor. He's now in charge of launching our national brokerage. Welcome, Ben! www.RealWealthShow.com

The housing market is red hot. The national median home price rose 13% year-over-year in September. Active listings fell 28% to an all-time low. Sales of new U.S. homes accelerated by 4.8% in August, to an annual rate of one-million units. That's the highest since 2006. New home inventory fell to a 3.3 months of supply lowest level on records that go back to 1963. Will this home buying frenzy last? Or maybe we're in a new kind of COVID-influenced bubble? Who better to give us an update on the new home market than Robert D. Dietz, Ph.D. He's the chief economist for the National Association of Home Builders, with a focus on housing and economic trends, the home building industry, survey research, and policy analysis. www.RealWealthShow.com

Demand for single-family homes is skyrocketing in some markets, and the new build-to-rent trend is on fire to help meet that demand. Today on the Real Wealth Show, we'll hear from a property manager in Florida who's in the middle of this new rental strategy. He says demand is so strong, there's no shortage of tenants and that investors are lining up for newly available homes. Today's interview is also a preview of a virtual live event that we're hosting tomorrow. We'll have a panel of investors comparing their experiences with both turnkey and new rental homes, along with builders and property managers who can talk about what's available. The event is free. You need to be a RealWealth member, but it's free to sign up at realwealthshow.com, and free to attend the event. Here's Chris, with some very valuable information on several hot build-to-rent markets in Florida as well as Atlanta.

In this episode of the Real Wealth Show, you'll hear from a cash flow expert who retired "twice" by the age of 39. Chris Miles worked as a traditional financial advisor and stock coach for years, but now calls himself an anti-financial advisor who teaches people how to quickly get their money working for them (hint: he's big on real estate and not so big on 401k's.) He's also the author of "Beyond Rice & Beans," the host of "The Chris Miles Money Show" podcast, and he's been featured in U.S. News, CNN Money, Bankrate.com, and EOFire. His website: www.moneyripples.com www.RealWealthShow.com

It used to feel like real estate investing was a man's world. Not that long ago, you'd see just a few women in a roomful of men at a real estate event. But that dynamic is changing. I have personally witnessed the transformation, and have met some amazing women who are closing that real estate gender gap. My guest today is Monick Halm. She is one of those amazing women with an incredible story of success. It started with the purchase of a first home, and progressed from there. She abandoned her career as an attorney, and now has more than 14 years of experience as a real estate investor, syndicator, and developer. Today Monick and her husband, Peter, own more than 1300 rental units in six states. That includes some commercial properties that she says are pandemic-proof. Monick is also the founder of a group called Real Estate Investor Goddesses to help other women achieve financial freedom through real estate -- and, she's a best-selling author, podcast host, real estate strategy mentor, interior designer, world traveler (when there isn't a pandemic), and the mother of three kids. If you'd like to learn more about how to be a savvy real estate investor, you can get lots of information right here at www.RealWealthShow.com. It's free to join, and free to access a wealth of information.

The pandemic has dealt a painful blow to individuals, companies, and local governments across the nation. The economic losses hit every state, but we're now seeing an uneven recovery from market to market. Somehow, real estate is an overall winner with home sales surging in most markets. And while that may be pent up demand from a spring buying season that never happened, or a rush to get out of cities and into suburbs, over the long term, real estate investors need to pay attention to which metro areas will recover their job base the fastest. With me today is John Boyd of The Boyd Company. His company provides real estate and management counsel to major North American companies like Boeing, Chevron, JP Morgan Chase, and Visa International. He's here to explain how the U.S. business environment is changing because of COVID-19, and why that will turn some markets into winners, and some into losers. At RealWealth.com we have a list of metro areas that we think will rebound the fastest - and where housing will continue to be in demand - even during recessions. Visit RealWealth.com for details.

Sometimes a parent's financial advice may be annoying at the time it's given, but wise children who listen to it and follow the advice can skip many years of struggle. That's what happened to a former Silicon Valley technology expert. Our guest today listened to his dad, and agreed to buy a piece of property in San Jose back in the 1990s. Well, you can probably guess where that led him. With the appreciation from that one investment, he was able to launch a full-time real estate career, and, he has some stories to tell. Paul Fogarty is here to share the ups and downs of owning various kinds of properties from single-family homes and condos to multi-family and commercial properties, here in California and out-of-state. www.RealWealthShow.com

Imagine moving to a new country where you can't even speak the language and don't really know the culture, and still trying to stake your claim and become a successful, contributing citizen. Our guest today did just that. Alex Kholodenko immigrated to the U.S. from the Ukraine 20 years ago, barely speaking English and with very little money. Today, he has a successful full-time career working as a technology professional in the Silicon Valley. On the side, he's also built an impressive passive income real estate portfolio that he hopes will guarantee that his family will never go hungry. In today's interview, he'll share the ups and downs of his real estate story, with plenty of tips for people just getting started. www.RealWealthShow.com

What if you could own a rental property and the government paid the rent every single month? The program is historically known as "Section 8" but has evolved over the years into something called the "Housing Choice Voucher Program." That means that tenants who qualify for the subsidy can use their vouchers to rent from any landlord that accepts them. That's turned into a pandemic goldmine for investors who already have these tenants in place. They don't have to worry about collecting the rent. Our guest today knows all about the voucher program in Chicago. He provides renovated properties and management to investors and most of his business involves tenants with subsidized housing. You'll hear details on how the program works along with a wealth of information for investors wanting to know more about the Chicago rental market. www.RealWealthShow.com

We're living through an unusual time right now. We've been thrown out of our normal routines into a pandemic survival mode while a cultural and political war rages around us. The situation has put many of us into a state of uncertainty over our physical health, our finances, our cultural heritage, and our political future. And when uncertainty strikes, it's time to ask questions which is the heart of my interview today. Mark Victor Hansen changed the world with his Chicken Soup for the Soul series. And today he's back with more wisdom, along with his wife Crystal Hansen. They have co-authored a new book called "Ask! The Bridge from Your Dreams to Your Destiny." It's all about asking the right questions as a guide toward the discovery of your dreams and the creation of your best self. And, it's something that we all might need to do as we re-establish ourselves in a post-COVID-19 world. www.RealWealthShow.com

Many people wait to invest in real estate until they have a bucket of money. But sometimes filling that bucket takes longer than expected. The good news is, you don't have to own a property to make money from it. Our guest today is short-term rental entrepreneur, who's built his business on something called "rental arbitrage." This strategy entails leasing a property and then getting permission to re-lease it as a short term rental. Jon Bell started master leasing properties and renting them out on Airbnb just a few years ago, and is now bringing in about $40,000 a year "net" as a side hustle to his full-time job. And this is the bucket of money he's using to buy long-term rentals. In today's podcast, he'll talk about how he did it, and why he feels it's a relatively "risk free" investing strategy.You can learn more about Jon Bell and rental arbitrage at www.ShortTermSage.com www.RealWealthShow.com

California is not considered a landlord-friendly state. That means laws lean toward the tenant rights, not so much the property owner's rights - which means it may be difficult to evict a non-paying tenant. Additionally, property prices are high. And even though rents are also high, they are not in line with the property price. For example, in some states, you can buy a brand new home for $200,000 that rents for $1600 per month. In California, the property might be twice that price for the same amount of rent, which translates to low cap rates. Our guest today has figured out a way to address both those issues and turn his California rentals into passive cash flow machines. And the most impressive part of this story -- he's only 27 years old. Ryan Chaw is a pharmacist by profession who began investing just four years ago. He also likes to teach other people how to do what he's doing, and he's here to share that strategy. www.RealWealthShow.com

Life is full of risk. And the risk helps us be smarter, and more strategic in the things we do. Unfortunately, the fear of failure can keep people from ever even trying. And then when we do try and fail, then going for it again can be terrifying. But I assure you, anyone who is a pro at anything took a lot of falls. Our guest today knew real estate was risky, but he was willing to jump in anyway. He learned some tough lessons, but he pulled himself back up and jumped back in. Now he's doing some really cool things with tax liens that I can't wait to share with you. and he's using those profits to buy cash flow rentals in growing markets. Darnell Randall was born and raised in Los Angeles, where owning real estate can be pretty cost prohibitive. So he's found other options. And while some didn't work out as expected, he didn't give up. Today he's here to share what's working and what his plans are next. He's a regular member at our RealWealth events, and we're so happy to have him here on the Real Wealth Show! www.RealWealthShow.com

Real estate in California is often unattainable goal for many people, and as prices continue go up, so do the down payments. Yet, so many Californians know that real estate is what builds long-term wealth, especially now that the Fed has printed trillions of dollars to stimulate the economy. Increasing the money supply generally drives up asset values further. That's great if you already own real estate but makes it even more difficult to get in if you're just starting out. Today's guests knew they couldn't afford a home in the San Francisco Bay Area but they wanted to get into real estate anyway. So three years ago, Erik and Jodie Carlson dove into the learning process, reading lots of books and listening to podcasts. After about a year, they jumped in and started buying single-family rentals located no where near their home in the Bay Area, a home they rent by the way. They are going to tell us how they did it on today's Real Wealth Show. www.RealWealthShow.com

If you're hoping to enjoy your golden years with enough money to retire, you might find today's episode very enlightening. Today's guest hit his 65th birthday with a nest egg that just wasn't big enough, and decided to try real estate investing. He's now seven years into his investing plan, owns several single family rentals, and plans to buy some more. David Jackson is with me today to tell us how he got started, and is hoping his story will inspire other seniors without enough retirement funds to invest in real estate. www.RealWealthShow.com

There's a lot of talk about fake news out there. There's a lot of confusion about who to believe. There's a massive communication breakdown, in general, not just within our country, but between countries, organizations, friends, and families. I thought it would be a great time to invite my husband, Co-CEO and Co-Founder of Real Wealth, Rich Fettke, onto the Real Wealth Show to talk about how he helped his clients when he was a business and personal coach, and also me, as my partner in life, to be a better communicator. I thought he could bring us some really great insights. www.RealWealthShow.com

They've come a long way -- from high school sweethearts to long-time spouses who've reached financial independence. And, they have made it happen with real estate. Today's guests are Scott and Caroline Ceniza-Levine. They built a real estate portfolio and hit their financial goal in their late 40's. Scott was able to retire from his IT job three years ago, and Caroline says she only works on "passion projects" because she is now job optional. They are from New York but spend much of their time at their current primary home in Northeast Florida. So what did it take to accomplish this task? What did they buy and where? Hint: They have a few rentals in Costa Rica. And, what tips would they like to share for other aspiring real estate investors? I'm pleased to have Scott and Caroline with me today to share their story. www.RealWealthShow.com

Are we looking at another foreclosure crisis? Or is all this government stimulus going to save the economy? Will the jobs come back? Will demand grow for rental housing? What's the upside for real estate investors? Our guest today is a leading economist and recognized authority on personal finance, U.S. housing, and economic trends. Cristian deRitis is Deputy Chief Economist at Moody's Analytics and was named on two U.S. patents for credit modeling. He created loss forecasting and stress testing systems for financial institutions. He joined Moody's in 2008, after serving as a director with Fannie Mae. He was also an adjunct professor of economics at Johns Hopkins University. www.RealWealthShow.com

How would you like a little good news on real estate today? Goodness knows we're inundated with plenty of bad news these days. And it's not surprising. We're navigating through a very unusual situation right now. And the "unknown" is generating a lot of fear and creating a lot of questions about when we'll bounce back economically, and how the COVID-19 bug will change the way we do business and lead our personal lives. As real estate investors, we must also be prepared for changes in the housing industry and the lives of our tenants. Will the economy recover quickly? Will the housing market hold up? Will the jobs come back? What will tenants want and need in a work-from-home world? What about single-family rentals, Airbnb, and housing for students and seniors? There are a lot of moving parts, but our guest today joins me with years of experience in real estate and business strategy. Rick Sharga is the founder of consulting firm CJ Patrick. He's also had high-profile positions at Auction.com, RealtyTrac, Ten-X, and Carrington Mortgage Holdings, and is frequently quoted by major media outlets. Today, he'll share some valuable insights on how this pandemic will likely play out, and it's not all bad news. Rick sees light at the end of the tunnel. Welcome, Rick. If you'd like to see which metros we think will recover the quickest, visit www.RealWealthShow.com.There you'll find detailed market data along with a list of rental property providers and property management companies highly rated by our members.

The Federal government's $2 trillion CARES Act rescue package has something for just about everyone, but it's not always obvious what applies and what doesn't. There may be several ways that each person can benefit, and today, our guest will talk about how the CARES Act impacts people with self-directed retirement accounts. Kaaren Hall is the founder and CEO of UDirect IRA Services in Irvine, California. She started the company in the midst of the Great Recession after the stock market crashed. She's been helping people move their retirement funds into self-directed IRAs since then, so they can invest in things like real estate, land, startups, and more. Before that, she spent 20 years in mortgage banking, real estate, and property management. www.RealWealthShow.com

Today's guest works in a much-needed but highly-challenged industry -- residential assisted living homes. He was very early to see the impact the coronavirus could have on his business and the economy in general -- even when most people, including world leaders, called it a hoax or a bad flu. Where did he find the information he needed to make critical business decisions when so many others couldn't see it, and fought hard against the bad news? Loe Hornbuckle was making good money running a car dealership, but was not fulfilled. He started to learn about real estate investing as a business, and eventually chose residential assisted living as his asset class of choice. He is now CEO and founder of Sage Oak Assisted Living and Memory Care which he calls"the boutique assisted living company" with 5 locations in Dallas and a total of 40 beds. Has has two developments in TX and Louisiana, totaling 300 beds and an estimated value of $45M. I've personally been very impressed with how quickly he learned about this pandemic, and has helped many others understand the implications -- if they're willing to listen. www.RealWealthShow.com

On Thursday, March 12, 2020, the S&P 500 and the Dow Jones Industrial Average had the biggest one-day percentage drops since October of 1987 — and the Nasdaq joined the Dow in bear-market territory, which is commonly defined as a drop of at least 20% -- as fears of the coronavirus grow, coupled with oil wars and uncertainties around the 2020 Presidential election. Friday, March 13th, President Donald Trump declared a national emergency due to the rapid spread of the coronavirus in the US. Soon after, stocks started to rally in late trading. These are scary, volatile times. What does it mean for real estate investors? The record-setting 11-year bull run for stocks has come to a screeching halt. Is the party over or is this just a temporary hiccup? Or cough? Today's guest has been on the Real Wealth Show before sharing his insights on the strongest U.S. markets for residential and commercial real estate. John Boyd is Principal of The Boyd Company, which was founded in 1975, and provides real estate and management counsel to leading North American banking and financial services companies. Clients include Boeing, Chevron, JP Morgan Chase, Visa International, Pratt & Whitney, PepsiCo, UPS, and other Fortune 500 firms. www.RealWealthShow.com

"What's all this nonsense about? People are freaking out over nothing. More people die from the flu and no one freaks out about getting the flu. I'm hosting my event anyway. The strong can attend, the weak can stay home. I'm going to live my life as normal. I'm definitely still taking that trip." These are a just a few of the things people are talking about on Facebook. There's a lot of talk out there. A lot of confusion. A lot of people spreading false information. False cures. False conspiracy theories. Like the idea that COVID-19 was made in a lab, that it was created as a political attack against Trump to bring down the economy and wipe out his voter base, and that the powers that be wanted an excuse to reset the economy... I was one of those people in denial about 2 weeks ago. I was flying across the country, going to large events with 700+ people, shaking hands, sharing food and drinks... and now I don't want to even leave my house. In fact, this morning, Friday the 13th, I woke up like I was in a horror movie. My daughter is in Prague for her semester abroad. She has a few friends there and thought it would be OK to stay and travel Europe while everything is on sale. She wasn't worried because she's 20 and not really the demographic for a coronavirus zombie attack. But she woke me up on Facetime in tears because all borders are about to shut down, everyone has to stay inside, and she wasn't sure if she could get home. We booked a flight immediately to leave first thing in the morning, and are hoping it won't be cancelled. These are scary times. Today's show is going to address what's really going on and whether or not we should be concerned. Whether it's just a bad flu, or a hoax. A couple of weeks ago I started to listen to my friend and colleague Chris Martenson. Chris is a PhD from Duke, and MBA from Cornell and spends his time geeking out as an economic researcher and futurist specializing in energy and resource depletion. He is co-founder of PeakProsperity.com (along with Adam Taggart). As one of the early econo-bloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar: The Crash Course which has also been published in book form (Wiley, March 2011). Over the last month, he's been obsessively tracking the coronavirus, and has been helping the rest of us understand what's really going on. Definitely go listen to his YouTube videos. Just search Chris Martenson, Peak Prosperity, and you will be more informed than most politicians. And definitely ahead of the curve in protecting yourself, your family and your assets. www.RealWealthShow.com