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Rental Property Owner & Real Estate Investor Podcast

Rental Property Owner & Real Estate Investor Podcast

616 episodes — Page 9 of 13

EP215 Renovating for Massive Profits & Passive Wealth Building, and Turning Buy & Hold Real Estate into Vacation Rentals, with Robyn Thompson

Today I'm thrilled to have the "Queen of Rehab", Robyn Thompson back on the show. Robyn has renovated and sold over 390 properties. She is the nation's leading expert on buying, renovating and selling homes for huge chunks of cash and has taught thousands of students how to become financially independent. Robyn will also be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this month, February 27th through 29th of 2020. Go to www.rpoaonline.org to find out more. Since our last conversation, Robyn has acquired 15 Vacation Rentals in Branson, Missouri and Florida. Robyn will be sharing how she's integrated her highly successful rehab program into this new buy and hold investment strategy—providing more flexibility for rehabbing for flips or for holds. Robyn will teach you how to map out all of the hurdles, pitfalls and paydays when renovating for profits and building passive wealth! Robyn will also be sharing her wisdom on working with contractors, and building a team of mature adults who can actually get the work done. Robyn recently built a six-bedroom vacation rental property, and we'll be discussing how that process went. You'll also learn how she built up her teams and systems for the Vacation Rental business as well. Robyn is a great speaker and has an incredible amount of wisdom to share. You can also listen to my previous conversation with Robyn on episode #53. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Feb 17, 202048 min

EP214 Wholesaling Best Practices, Investor Mistakes, and Economic Outlook with Vena Jones-Cox

My guest today believes that Wholesaling is the simplest, quickest, lowest risk, and lowest hassle way to make money in real estate today. But you have to know the right strategies for finding properties, attracting buyers, and getting to the close. That's why I'm excited to be talking with Vena Jones-Cox, who is also known as 'The Real Estate Goddess'. Vena is a self-described 'Real Estate Geek' who has done it all: landlording, flipping, wholesaling – you name it. Vena does at least 50 real estate deals every year – focusing on finding great deals and then lease-optioning or wholesaling properties to new buyers. She teaches 1,000's of other investors how to do the same. Vena is the past president of the Cincinnati REIA, the Ohio REIA, and the National REIA", and she will be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this February 27th through 29th. Go to www.rpoaonline.org to find out more. Today, Vena will be discussing the mistakes she's seeing Wholesalers make, as well as the bad advice they're receiving that is giving them a bad name. Vena will discuss her Best Practices, and the importance of automating your business with real people who are trained to physically inspect the properties and understand it's true value. Vena will also tell us what happens to Wholesaling when the market slows down, and her economic outlook for the next six years. You can also listen to my previous conversation with Vena on episode #55. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Feb 10, 202044 min

EP213 The Hidden Market of Distressed Properties in Your Area, and Tony Young's Persuasive Techniques with Sellers

So many Real Estate Investors that I talk to are frustrated with today's market. Many properties that are listed by agents are receiving multiple offers and sellers are listing at prices too high to make a decent return on investment. Wouldn't it be nice to know how to find properties for sale that aren't listed anywhere and there's virtually no competition? Tony Youngs is an expert at finding this Hidden Market of Distressed Properties, and he's back on the show today to tell us how to find these Hidden Gems in your own neighborhood. Tony was also a guest on episode #50, and he's also returning to Grand Rapids for the RPOA 2020 Annual Conference & Expo, which is happening February 27-29 at the Devos Place Convention Center. Go to www.rpoaonline.org to find out more. On today's show Tony & I are going to take a deep dive into the conversations he has with sellers, how he approaches them, the phrases and tactics he uses, how he makes his offer, and whether the buyer or seller should be the first to name the price. I know you're going to enjoy this episode because there's a lot of actionable advice from Tony that will provide tremendous value to the success of your next offer.

Feb 3, 202041 min

EP212 The Secrets of Raising Private Money, with John Burley

My guest today has over 35 years of investing experience, and he's personally completed more than 2,000 real estate deals, making hundreds of millions of dollars. He's a dealmaker, teacher, and walks the talk. And today, John Burley will be sharing some of his secrets of how he uses other people's money to do his deals, and how you too, can become an expert in raising private money. John is going to be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan next month, February 27th, through 29th. Go to rpoaonline.org to find out more. John will reveal The Secrets of Raising Private Money, and the seven simple steps anyone can follow to get money in your pocket now. You'll learn how to get paid up front, during, and at the end of the deal, and you'll also learn techniques to help you take control of your financial future using real estate! And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Jan 27, 202052 min

EP211 How Buying Notes is the Fastest, Easiest, and Safest Way to Make Huge Profits in Real Estate with Donna Bauer

Note buying is a super-hot investment strategy, and my guest today, Donna Bauer, knows how to do it the right way. She began buying notes 20 years ago as a way to support her four young boys while still remaining a stay-at-home-mom. Today, she is the nation's most recognized authority on note buying. As the founder and president of NoteBuyer, Inc., her strategies on note buying and short sales have had tremendous results for her student/investors. Donna will also be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this February 27th, through 29th. Go to www.rpoaonline.org to find out more. Donna was a guest two years ago and you can listen to episode #106 to learn more about her background and the basics of her strategies. Today we're going to do a deeper dive into the advantages of buying performing notes, as well as a challenge she recently accepted to deploy $100,000 of SDIRA money to achieve 30% plus returns in one year. Donna also shares how she gets her notes to pay off early, the two profit centers of a discounted note, and the quality of notes she typically looks for. There's a lot of great info in this episode about profiting from notes without having to spend any of your own money. Enjoy! And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Jan 20, 202042 min

EP210 The No-Risk, No-Money-Down Strategy that will put $5k to $10k in Your Bank Account in 30 Days Using Lease Option Strategies, with Jim Aydelotte

What do you do if you don't have a ton of cash to get into real estate investing? Many people are looking for a way to start investing, but they don't want to go to banks or hard money lenders. Well my guest today may just have the answer for those investors. Jim Aydelotte teaches how anyone can put $5,000 to $15,000 in their bank account in 30 days or less using simple techniques that don't require you to have a lot of cash. Today we're going to talk about structuring win-win deals in today's market with Lease Options, and according to Jim, they're the fastest way to make money in real estate. Jim is The Lease Option Coach and is a nationally recognized and ultra-successful lease option expert. He coaches hundreds of students all over the country and he will also be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan, this February 27th, through 29th. Go to www.rpoaonline.org to find out more. Today, Jim is going to tell us the difference between a 'Sandwich' Lease Option, and a 'Cooperative' Lease Option. He'll also give us real-life examples of his greatest successes as well as his worst-case scenario. Spoiler Alert – Jim has never lost money with this strategy. Jim will also discuss how this 'no-risk' strategy will perform during the next downturn or recession, and how it works no matter what the economy is doing. No matter where you are in your real estate investing path, you'll definitely want to check out today's episode. Jim's strategies are simple to understand and accessible to every type of investor. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Jan 13, 202040 min

EP209 How a Single Mother of 2 Discovered a Way to Increase Her Cash Flow by 4X in Student Housing, with Dixie Decker

After a devastating divorce and bankruptcy, my guest today, a single mother of 2, rebuilt her life through real estate. In the process, she accidentally stumbled upon a unique method for buying and profiting in real estate without using any of her own money or credit. And In just 3 years, she mastered the process, building her net worth to over $5,000,000 and $100,000 per month in positive cash flow! Today her business runs practically on AUTOPILOT, and she can focus on her family, growing investments, and helping others succeed. I'm excited to be talking with Dixie Decker, who's going to be sharing her inspirational story, and how you can get 4 times your cash flow by investing in student housing. We'll discuss how you can pay market value for a property, and still double, triple, or quadruple the average investors single-family cash flow. Dixie will also discuss her systems for leasing and managing the properties, as well as the difference between single family student housing and the larger student apartment complexes. Dixie will also be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this February 27th, through 29th. Go to www.rpoaonline.org to find out more. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Jan 6, 202044 min

EP208 How He Transitioned from Professional Sports Star to Real Estate Entrepreneur, with Mikey Taylor

Mikey Taylor was one of the most recognizable Pro-Skateboarders on the Planet. In his two decades of professional skateboarding he had lucrative sponsorship contracts, merchandise, and seven pro-model shoes. So why would he leave all that behind to become a real estate investor? Today we're going to find out how professional sports prepared him to become an entrepreneur and principal at Commune Capital where he's committed to assisting the next generation define the New American Dream. Mikey is going to share how early on his parents provided for his financial education by introducing him to a key mentor. You'll also learn how his successful shoe line(s) prepared him for post-sports success, and how professional sports can push one to the brink of destruction and quite often leaves them unprepared for the aftermath. We'll also go into detail on the type of real estate investing Mikey has been doing, as well as the fund he's created to increase his investing momentum. It's always fascinating to talk with someone who has been at the top of their game in one world, and is now playing at the same level in the real estate world. I know you're going to enjoy this episode, and it's the perfect way to start off the New Year. You can contact Mikey by email: [email protected] Or through the web: https://communecapital.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Dec 30, 201937 min

EP207 Buy & Hold V.S. Lease Option with Anne Amagrande

Today we're going to discuss the Buy & Hold model and compare it to the Lease Option model with Anne Amagrande. Anne is a serial entrepreneur and owner of Grande AMA & Associates. She's an expert on Real Estate Investing, Generational Wealth, and owning and growing businesses. Anne will discuss her model of providing lease options that serve both her homeowners and investors, how she times her contracts for maximum tax benefits, and how she structures her investments for passive investors and the returns they typically achieve. Anne will also be discussing the fear most first-time investors face and how to get past that in order to accomplish your first deal. She'll also discuss the importance of building a team, and who her early mentors were. Anne is also passionate about financial literacy and has a lot of great information to share for every level of investor. You can contact Anne through linkedin, or email her at [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Dec 23, 201936 min

EP206 Coming to America - An International Perspective on Real Estate Investing in the U.S. with Reed Goossens

In 2011, Reed Goossens quit his job in Australia and moved to the United States to become a Real Estate Investor. He ended up in New York with no job, network or family, all he had was a Gut-Feeling that he could be successful. Nine years later Reed controls over $150 Million in Commercial Real Estate, is a Best-Selling Author, and hosts a podcast called "Investing In The U.S." On Today's episode, Reed is going to share how he made it all happen, starting with his first 3-Unit in a low income neighborhood. He'll also share how he found a mentor who set him on the path to success, his perspective on the U.S. Real Estate Market V.S. the rest of the world, and the shifting Return-On-Investment expectations that investors should be realistic about. Reed has found great success in this country, and I'm excited to have him share his story with you. You can reach Reed through his website: https://www.reedgoossens.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Dec 16, 201953 min

EP205 Guts V.S. Knowledge: How He was able to Leave His Computer Training Business and Find Financial Independence Through Real Estate Investing, with Mark Owens

Mark Owens once owned a successful Computer Training Business, until he left it behind to find Financial Freedom through Real Estate Investing. Now he hasn't earned W-2 Income for over 10 years, and he's been investing in the Baltimore, Maryland area for the past 17 years, growing his portfolio from 1 to over 100 rental units. Mark has created a lifestyle that allows him to help others invest in Buy & Hold Rentals, and he provides education through investor meet ups, classes, Facebook live, and podcasts like this one. Today we're going to discuss why Mark has succeeded where others have failed, why he's never made a 'mistake', and the difference between 'going with your Gut', and obtaining the knowledge to be successful. Mark will also share how he was able to grow his portfolio so quickly, how he hired his team, and how he can 'force' appreciation on residential properties. I know you'll enjoy this conversation with Mark. There's a lot of great wisdom and advice on becoming a successful investor. You can find out more through Facebook: Mark Owens REI, or contact him through email: [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Dec 9, 201947 min

Special RPOA Course Announcement: Rehabbing for Rental and Flipping Profits with Justin Workman

The RPOA teaches a number of excellent courses for all levels of real estate investors and landlords. One of the more unique and specialized courses we teach is called "Rehabbing for Rental and Flipping Profits", and its taught by Justin Workman, who is in the studio with me today. Now this course is not your typical overview. It covers everything from A to Z, and includes on-site visits to existing properties for real world cost and labor estimations. Many of you already know that Justin is an experienced investor and licensed builder himself, and he'll personally be teaching all three sessions of this multi-day course. If you're in the Grand Rapids area, or are close enough to drive, you should definitely consider this one-of-a-kind course, which is happening next week, December 9th, 11th, & 13th of 2019 at the Rental Property Owners Association. To register or get more information, go to www.rpoaonline.org

Dec 5, 201911 min

EP204 Changing the Paradigm of Property Management and Five Ways To Maximize Your Investment Property Returns with David Friedman

My guest today has figured out a way to make rental property ownership easier and more profitable, and he's going to share his unique approach to making money and building wealth through rental properties. David Friedman is a Boston-based real estate Entrepreneur and founder of Knox Financial, which is focused on helping people convert their homes into rental properties and managing those properties for them. He's also written several articles for Forbes.com with advice for landlords, including "Five ways to maximize investment property returns", and "How to avoid 6 common rental property pitfalls". We'll be discussing these articles, which include some very interesting ideas. David can be reached through his website: https://knoxfinancial.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Dec 2, 201939 min

EP203 The Tax-Advantaged Way to Loan Yourself Money and Be The Bank for Real Estate Acquisitions with Mark Willis

Today's guest is going to help us rethink debt. Specifically the type of debt we might put on a Real Estate Investment. Instead of going to a traditional bank or lender, did you know that there is a Tax-Advantaged way to loan that money to yourself? Mark Willis is going to explain how this is possible through a Super-Charged, Modernized, and Maximized Whole Life Insurance Policy. Mark is a certified financial planner, two-time best-selling author, and owner of Lake Growth Financial Services. He also hosts the "Not Your Average Financial Podcast" and helps his clients invest in real estate without going broke while creating retirement income that they won't outlive. Mark will be pushing back on the conventional wisdom regarding whole life insurance v.s. term life insurance, and explain how a whole life insurance policy, properly set up, can be used to loan money toward your investments. He'll also discuss the tax benefits and the returns you can expect. Since this is a new concept to me as well, I do my best to ask Mark a lot of detailed questions about how Whole-Life Insurance Lending really works. If you're looking for more tax-advantaged ways to lend yourself money and fund your deals, then this is definitely an episode you won't want to miss. Mark can be contacted through his website www.growmorewealth.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Nov 25, 201947 min

EP202 Investing Passively in Multifamily & Apartments with Randy Langenderfer

My guest today is focused exclusively on investing in Multifamily & Apartments. With his partners he's invested in 11 different properties with over 2,300 units. But Randy Langenderfer wasn't always a Multifamily investor. He got his start in Real Estate Investing by House Hacking his first duplex before becoming a Hard Money Lender. Today we're going to discuss how & why Randy made the leap to Apartments, and how he managed to grow his portfolio so quickly. Randy is also going to share his experiences investing passively, both good & bad, as well as the common denominators he's seen in his successful partners and the importance of transparent communication. If you've ever wanted to partner with someone else, or invest in someone else's deal, then you'll want to hear what Randy has to say. Randy can be reached by email at [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Nov 18, 201944 min

EP201 Buying "Subject To", Wraparound Mortgages, and Zero Percent Seller Financing with Brad Smotherman

There are many creative ways to Buy & Sell Real Estate, while creating Owner Financed Paper in the process. And my guest today has done them all. Brad Smotherman owns and manages a 7-figure per year Flipping Business called American Community Investments and holds Notes across middle Tennessee. He's invested in 14 states and completed 100's of transactions. Brad is going to discuss what it means to purchase a property 'Subject To' the existing mortgage, and what happens when the lender 'Calls In' the loan. You'll also learn what a 'Wraparound' Mortgage is, and how you can profit from creating one. Brad also discusses how he's able to purchase property with zero percent owner financing, the importance of mentorship, what it means to 'Buy Equity', and why Wholesalers are leaving money on the table by not employing the strategies he's discovered. There are a lot of great tips and techniques that you'll learn in today's conversation. Many of them haven't been discussed on the show before. Brad can be contacted through his website: http://www.bradsmotherman.com And you can also check out his podcast called "Investor Creator" And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Nov 11, 201947 min

EP200 Preparing for the Next Downturn with the Help of The Rental Property Owners Association and Clay Powell

Welcome to a very special 200th Episode! To celebrate I thought it would be fun to have a conversation with the man who made this podcast possible – Clay Powell, the director of the Rental Property Owners Association. Clay and I will be talking about the importance of organizations like the RPOA and how we're helping landlords and investors through the good times, which is what we've all been experiencing for the past ten years, and the anticipated downturn that many economists are expecting to happen in the next year or two. We'll also discuss how the RPOA is positioning itself to be at the forefront of helping landlords and investors no matter what the economy is doing. We also have exciting news about the RPOA's Real Estate Investor Mastery Training Program, and how its now going to be accessible beyond the West Michigan area. We'll also discuss the RPOA's knowledge base, where we answer the most frequently asked questions. You'll also get a peak behind the curtains of the podcast, and I'll be revealing the top three episodes and guests of all time. You'll also get a sneak peak at the Annual Conference, and the featured speakers we'll be bringing to you in 2020. If you're wondering how you can prepare yourself for the eventual downturn, and prosper during both good times and bad, this is an episode you won't want to miss. Clay can be reached through the Rental Property Owners Association by going to www. rpoaonline.org And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Nov 4, 201946 min

EP199 Surprises After Closing on a 144-Unit Apartment Complex with Justin Richards & Aaron Lenartz

When Justin Richards and Aaron Lenartz were last on this show, they shared everything they'd just gone through in finding, negotiating, syndicating, and closing on a 144-unit apartment complex in Memphis Tennessee. You can check out Episode #140 to hear that story. Today, you're going to find out what happened after the close and how its affected their outlook and decision making process ever since. Justin and Aaron are going to share some of the challenges they faced and how they came up with the solutions to solve them. We'll discuss the engineering report and the cash shortfall that can occur when the lender reserves funds from the closing to make immediate repairs, but doesn't release that money until after the repairs have been completed. We'll learn about some difficult partnerships that Justin & Aaron have had to walk away from, as well as the key members they've since added to their team. Justin and Aaron share some painful experiences of the acquisitions that have fallen through since then, and the uncomfortable news they've had to share with their investors. You'll learn why some of those deals didn't happen, and the physical inspection at one property that revealed over $7 million in deferred maintenance the owner failed to disclose. Justin and Aaron also discuss the 600 units they currently have under contract, and how they're laying the groundwork to have plenty of capital throughout the next financial downturn. There's a lot for any investor to learn in this episode, and Justin & Aaron don't hold back from sharing the challenges they've overcome this past year. You can find out more about them by visiting them on the web at https://www.greysoncapitalgroup.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Oct 28, 201954 min

EP198 The Amazing Real Estate Investing Advantage Available to Active Duty Military and Our American Veterans with Eric Upchurch

For many of our American Active Duty Military and Veterans, investing in Real Estate may seem like a far-off objective, especially if they're deployed overseas or moving from location to location without any sense of permanence. However, if you're Active Duty Military, or a Veteran, you have some serious purchasing power that you may not be aware of. Eric Upchurch has made it his mission to help those in the military understand and realize the power of creating monthly passive income through real estate, even while they're active duty. Eric served six years in the 160th Special Operations Aviation Regiment, and is the author of "Military House Hacking: How to Live Free, Earn Passive Income, and Create Generational Wealth". Eric also hosts the "Active Duty Passive Income Podcast". Eric is going to help us understand the incredible firepower of the VA loan, and how it can help our military service members invest in real estate and live for free through house hacking. We'll also discuss the unique challenges facing our service members as they transition out of service, and how their military training both helps and hinders them as real estate investors. Whether you're currently serving in the military, or you're a veteran, or you know someone who is, you'll definitely want to listen to what Eric has to share. Eric can be reached through his website: https://www.activedutypassiveincome.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Oct 21, 201947 min

EP197 Turning Around Dire, Desperate, and Dangerous Properties While Under Extreme Pressure, with "Burn Zones" Author, Jorge P. Newbery

One of the Best Books I've read this year is "Burn Zones", by my guest today, Jorge P. Newbery. In his book, Jorge tells a fascinating and brutally honest story of his rise from newspaper boy to Punk Rock Entrepreneur, from International Cycling Champion to Mortgage Broker, Distressed Apartment Investor, Publicly Vilified Landlord, and Socially Conscious Entrepreneur. Today, we're going to focus on three crucial periods in Jorge's incredible life: His early beginnings as an entrepreneur in the 1980's Los Angeles Punk Rock scene, Why he bought a run-down apartment building when the city health inspector warned him he'd end up in jail, and what really happened at Woodland Meadows, an 1,100 unit apartment complex in Columbus Ohio that was nicknamed "Uzzi Alley" for all of the murders and gun violence that had occurred there. There is nothing safe about this episode or Jorge's investing experiences. Jorge's willingness to charge into challenges that other investor's would find impossible have made him hugely successful, and, as you'll discover, hugely controversial, politically condemned and ultimately, inspirational. Along the way, Jorge has an enormous impact in his tenant's lives, and he continues to have an impact through his socially responsible hedge fund, American Home Owners Preservation. He also hosts a Facebook live show called "Financial Freedom Fridays with Jorge P. Newbery". Jorge can be contacted through Facebook or his websites: https://debtcleanse.com AHPServicing.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Oct 14, 20191h 0m

EP196 How Mindset, Salesmanship, and Adding Massive Value Helped him Sell over $150 Million In Real Estate, with Sam Newell

By his own account, Sam Newell grew up poor on the wrong side of the railroad tracks in Salt Lake City, Utah. Today you're going to find out how he transitioned from his humble early days into a successful real estate investor and realtor with sales over $150 Million. Sam is an apartment investor, syndicator, and real estate agent who's been in the business for over 10 years. He's also the co-founder of IPI Acquisitions, and a real estate agent at Century 21 Everest Realty Group in Utah, where he heads up their commercial division. Sam is going to share how his work ethic and training in door-to-door sales and cold-calling led him to be an ultra-successful salesman. You're going to learn Sam's best practices for door knocking, delivering bad news to clients, and how he informs and communicates with his investors. You'll also hear Sam's perspective on whether or not you should get a real estate license while investing in real estate, and whether or not your should pay yourself out of your cash flow or invest it back into growing your portfolio. Sam is a great guy with a lot of incredible value to add during today's conversation. He can be contacted by text or email: Text - 801-995-2220 [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Oct 7, 201943 min

EP195 How Technology will Propel Real Estate Investing into the Future with Ryan Wendlandt

Can you believe that the iPhone is only 12 years old? When you consider all of the advantages and efficiencies that smart phone technology has created for rental property owners, its hard to imagine doing any type of business without it. My guest today is going to tell us What's Next on the Technology Horizon that will not only revolutionize the way we show and lease our properties, but will also help us control our expenses and increase our income. Ryan Wendlandt is currently employed in the Technology Industry and is focused on 5G technology. Today he's going to share his unique insight into the benefits of 5G, including the use of Augmented and Virtual Reality to aid in showing our units, built-in sensors that will monitor our resident's utility and trash usage, and the increased capacity we will have to make more money. Ryan is also a Real Estate Investor who has acquired five deals in the past year in Grand Rapids, while investing from San Diego. He's going to share how he's able to find his deals and manage them from thousand's of miles away. I know you're going to enjoy hearing Ryan's expectations for 5G technology's impact on your Real Estate Business. He can be contacted through his website: www.gowithvitality.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Sep 30, 201940 min

EP194 Landlord Revolution: Maximize your Cashflow through Alternate Income Streams of Short Term Rentals & Corporate Housing with Al Williamson

Is the Landlord profession overdue for a Revolution? Is the Business Model of covering mortgages and operating costs by charging rent no longer sufficient? My guest today believes both of those statements to be true. Al Williamson is known as the "Worlds First Landlord Scientist", and he's on a quest to help other landlords maximize their Cashflow through alternate income streams such as Short Term Rentals and Corporate Housing. He also has other valuable tips on increasing income and lowering expenses, many of which I'd never thought of before our conversation. Al's going to share the tips and techniques he's used in many different modes of real estate investing, including turning around inner city houses and neighborhoods, an inexpensive way to avoid costly plumbing issues, why vacancy is a function of marketing, and how he makes money off of corporate rentals even when he doesn't own the property. Al is also the author of "40 Ways to Increase The Net Income of Your Rental Property", and he can be contacted through his website or email: https://leadinglandlord.com [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Sep 23, 201955 min

EP193 How He's Achieving His Goal of $50,000 Monthly Income with Nick Disney

If you had to guess the #1 reason why many entrepreneurs and real estate investors fail, what would it be? Lack of money?, Opportunities?, or Bad Timing? According to my guest today, Lack of Focus and the inability to set Clear and Specific Goals is the number one reason. Nick Disney has spent the past ten years learning how to implement strategic goals in order to build a portfolio of 17 rental properties and 20 performing notes. He owns a real estate business called "Sell My San Antonio House" and specializes in the different aspects of real estate investing, self-development, entrepreneurship, and running a small business. Today we'll discuss the importance of focusing on what exactly you're trying to achieve and how to break it down into the key activities you need to focus on each day. Nick will relate these ideas to the specifics of how he achieved his goal of reaching $10,000 monthly income. We'll also discuss the crossroads that investors come to and how they must shift their goals as they find success. Nick reached that crossroad as a 'buy & hold' investor, and decided to shift his business to become the bank and hold the note. He'll take us through the methodical process he went through to reset his goals in order to achieve $50,000 in monthly income from his business. There's a lot of great actionable content in this episode, and Nick makes it accessible for all levels of real estate investor. You can contact Nick by email or through his website: https://www.sellmysanantoniohouse.com [email protected] And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Sep 16, 201953 min

EP192 Surviving Bad Partnerships, Negative Cashflow and Rent Control with Seth Ferguson

What do you do when your business partner goes rogue and ends up destroying your entire Real Estate Portfolio? If you're like my guest today, then you pick yourself back up and commit to building an even bigger & better one step-by-step. Seth Ferguson is a Canadian real estate investor with 11 years of experience investing in single family, apartments, and helping others as an award-winning real estate broker. He's also an author, Cable-TV host, and has his own podcast "Purchase To Profits". Today Seth is going to dig deep and share his most painful experience, the disastrous breakup of his business partnership and the Red Flags he should have paid more attention to. He's also going to explain 'Negative Gearing', which basically means buying properties with negative cashflow, and why investors are willing to buy this way. We also discuss the pitfalls of the Canadian real estate market, the differences in their residential loan structures v.s. the United States, and the movement toward rent control and the negative effects it has on real estate investors and housing availability. Seth also focuses on networking with high-performing investors, and we discuss the common traits he's noticed in the ultra-successful investors. This is just one of the great chunks of information you'll benefit from in this episode. You can find out more about Seth @ http://www.sethferguson.org And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Sep 9, 201951 min

EP191 How He's "Crushing It" in Apartments & Commercial Real Estate with Author, Brian Murray

There are some great books available that can teach you how to invest in Commercial Real Estate, and one of the best of these books was written by today's guest. Brian Murray is the Best-Selling Author of "Crushing It In Apartments And Commercial Real Estate: How a Small Investor Can Make It BIG". He's also the Founder & CEO of Washington Street Properties, which owns and operates a large portfolio of assets in upstate New York. Brian has invested in Apartments, Office Buildings, Retail Centers, Storage, Billboards, Parking, and Mixed Use. Today Brian is going to share how he was able to build his entire portfolio through the "Value Add" process, without raising any capital from outside investors. You'll learn what those Value Add strategies are, how Brian negotiates with sellers to acquire Seller Financing, what it was like to transition from his first Office Building to investing in Apartments, and why he sometimes will overpay for the right property. At one point in his career, Brian was a full-time teacher, and I know you're going to find what he has to say very instructive. This is a great episode for anyone who is interested in Commercial Real Estate or who wants to build a team of professionals to help them manage their portfolio. Brian can be reached through Linkedin or Facebook. His email is [email protected], and his book can be purchased on amazon. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

Sep 2, 201949 min

EP190 Recession Resistant Assets: Multifamily V.S. Self Storage & Mobile Home Parks, with Paul Moore

Today we're going to compare the Pro's & Con's of investing in Multifamily & Apartments V.S. two other commercial asset classes: Self Storage & Mobile Home Parks. Which is harder to acquire in today's market, and which will do the best during a good economy as well as a bad one? Paul Moore has returned to the show to help us answer these questions. You might remember Paul from episode #42, where we talked about his book "The Perfect Investment: Create Enduring Wealth From The Historic Shift to Multifamily Housing". Paul has since changed his outlook on Multifamily, and today you're going to find out why. Paul is also the Founder & Managing Director of Wellings Capital, which manages two private equity funds in commercial investments. Paul is going to share the Value Formula he uses to exponentially create wealth in commercial properties, the tax benefits provided through Real Estate Investing, and the types of returns he strives to achieve for his investors. Paul also hosts the podcast "How To Lose Money", where I was a guest on episode #7 talking about a Meth House I (may have) owned in New Mexico. I always enjoy my conversations with Paul because he's so knowledgable on so many aspects of commercial investing. I know you're going to enjoy this episode & learn some tips that will help you increase your bottom line. Paul can be contacted through his website: https://www.wellingscapital.com

Aug 26, 201943 min

EP189 How He Left His Job to Become a Wholesaler, Flipper, & Rehabber in Detroit with Todd Chunn

When people ask me about investing in Detroit, my stock response is that there are a lot of great opportunities, but you really need to work with someone who understands the neighborhoods and where to find those opportunities. Because, if you're one or two blocks off, you could lose a lot of money. Earlier this year I had the pleasure of traveling around Detroit with a seasoned investor who was kind enough to show me the neighborhoods he's investing, improving, and profiting in. We also got to see a number of properties that he's in the process of rehabbing, flipping & selling. Today I'm excited to have Todd Chunn on the show. Todd is a Detroit Real Estate Investor, Wholesaler, and Auction Expert at Best Invest, LLC, and he also owns a property management company called 'Investors Property Management Detroit' specializing in managing Detroit rentals for out-of-state & local investors. Todd shares a lot of great information in this episode: how he went from an employee mindset to owning several businesses, how he's finding his investment opportunities, the challenges of investing & managing tenants in Detroit, and how he became a foreclosure auction specialist. You'll also learn about the seminar and investment guru who changed Todd's life, as well as the importance of mentorship and what makes someone a 'Rockstar' employee. Todd also has a great story about hiring several squatters to help him protect his houses. I know you're going to enjoy this episode. I was lucky enough to spend the day with Todd, and I'm thrilled that we can bring you this conversation about his business. Todd can be reached through email, Facebook & text (to get on his buyer's list): [email protected] facebook: Best Invest text for Buyer's List: 248-497-9195 & type in "Buyer's List"

Aug 19, 20191h 4m

EP188 Making Money off of Obsolete Buildings by Turning them Into Climate Controlled Self-Storage with Scott Krone

Today we're going to talk about Adaptive Re-use of Commercial Space and how it can be turned into an Asset Class that is Very Attractive & Extremely Profitable. My guest is Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities. Scott has a Masters of Architecture Degree from the Illinois Institute of Technology and he's created 47 syndications and has over 400,000 sq. ft. & 2,759 storage units under management, along with over 25 years of development & design-build experience. Scott is going to share the process he goes through in converting old warehouse space to self-storage, including his typical costs per sq. ft. for acquisition, construction & soft costs. He'll discuss the financing that's available for these projects and how Coda builds and sells their developments to REITS. Scott & I also discuss the importance of Mentors, what ever happened to the original 'Lincoln Log' factory in Chicago, and how he uses personality profiling techniques to build his team and understand his clients better. I know you're going to enjoy this episode, and you can learn more about Scott by going to his website: https://www.codamg.com/

Aug 12, 201948 min

EP186 Rehabber and Buy & Hold Investor Frank Maratta has some questions for Brian & Justin Workman

My guest today is Frank Maratta, a listener & fan of the show who contacted me with some great questions. So I thought I'd have him on the show to answer them with the help of Justin Workman, another friend of the show who's been on many episodes. Frank is an experienced investor and landlord with 12 units that he rehabbed & manages. Frank's favorite strategy is to buy a property, rehab it using his own subs and serving as the General Contractor, and then complete a cash-out refinance in order to pay himself back and raise money for the next deal. Frank has some excellent questions that Justin & I do our best to answer, even though we disagree on several of our answers: Should Frank get a 30-year or 20-year mortgage? Should he "buy down" the points in order to get a lower interest rate? Will a new roof increase the appraisal value? (the answer to this will surprise you) What is our current outlook on the market? Frank's questions make for a lively discussion (& arguments) with Brian & Justin. This is a fun episode that I know you're going to enjoy. If you'd like to get ahold of Frank, you can email him at: [email protected]

Aug 5, 20191h 7m

EP185 Choosing Your Partners, Presenting Your Deals, and the Fiduciary Responsibility You Have to Your Investors with Jonathan Twombly

Jonathan Twombly spent 12 years as a corporate attorney for some of the most prestigious law firms in New York, Boston, and London, before switching tracks and becoming a full-time real estate investor and syndicator. Now, Jonathan is the owner of Two Bridges Asset Management and his attention to detail, creative thinking, and tendency to notice overlooked connections has had a huge impact on his returns, as well as those of his investors. Today we'll discuss how Jonathan chooses his partners, and why you shouldn't treat your partnership like a marriage. You'll also learn how Jonathan overcame some setbacks early on when his deals didn't pan out, and how he spent three years chasing opportunities before completing his first deal. Jonathan also shares tips on working with attorneys, how he presents his opportunities and tells the story of the deal, what it means to have a fiduciary responsibility to your investors, and his outlook on the multifamily and apartment market. Jonathan also hosts the Real Estate Launchpad podcast (I was a guest on episode #28), and can be reached through his website & Facebook page: https://realestatelaunchpad.net/booster/ Multifamily Investment Community (Facebook)

Jul 29, 20191h 1m

EP184 Raising Money from the Ultra-Wealthy and How To Pitch Your Opportunity to a Centimillionaire with Richard Wilson

Today we're going to talk about Raising Capital from a source that we typically don't consider when putting together the equity for our investment opportunities. We've discussed syndication and raising funds from high net-worth accredited investors, but what about the Ultra-Wealthy - those with over $30 Million in net worth? My guest today is Richard Wilson, the Founder & CEO of Family Office Club, and he is going to help us understand what the Ultra-Wealthy look for when investing their capital, and the top 6 headaches of Family Offices worth over $100 Million. He'll also reveal how you might be able to help them while funding your own opportunities. Richard also shares what he teaches investors about coming up with their 'one-line pitch', why its better to be 'long-term greedy' and create lasting relationships with family offices, what a typical deal structure might look like, and what not to do when pitching to the Ultra-Wealthy. Richard is also the author of "Centimillionaire Migraines", as well as other books on Family Offices. He runs the largest community of family offices globally called "The Family Office Club", with over 1,750 registered family offices, and hosts the "Family Office Podcast". You can find out more about Richard by going to his websites: https://familyoffices.com http://capitalraising.com

Jul 22, 201954 min

EP183 The Teacher who Transitioned into Multifamily and raised over $10 Million from Private Investors with Todd Dexheimer

Todd Dexheimer is a former teacher who has been investing in real estate since 2008. He's accomplished over 200 flips and currently controls over $15 million in Apartments and Multifamily. Today, Todd is going to share how he's managed to grow his portfolio so quickly, and what he's done to raise over $10 million in private equity. Todd is also the host of the "Pillars of Wealth Creation" Podcast where he interviews successful business leaders. He's also the principal owner of Venture D Properties which syndicates Apartment Opportunities in emerging markets around the country. Todd and I will discuss how he scaled his business from Single-Family to Apartments, investing in markets outside your backyard, the importance of realistically budgeting for Cap Ex improvements, and the mentors and books that have helped him achieve his success. There's a lot of great insight and information packed into this episode. You can contact Todd through the following websites: http://www.venturedproperties.com http://coachwithdex.com

Jul 15, 201948 min

EP182 New Construction & How to be a Residential & Commercial Real Estate Developer and Real Estate Strategist with Bradley Hartwell

Today we're going to talk about New Construction & what it takes to be a Real Estate Developer. A lot of people think this is an exciting and rewarding career - but is it? My guest today is going to help us figure that out. Bradley Hartwell is the Founder and Real Estate Strategist with North Town Real Estate, a West Michigan Real Estate firm specializing in acquisition, brokerage, consulting, and development of residential and commercial properties. He's also a Professor of Real Estate at Central Michigan University. Bradley has been an instrumental player in developing several large commercial and residential projects in the Grand Rapids area, and today he is going to take us through the process - from identifying the site and other pre-development tasks, to the construction process and the eventual completion and leasing of the property. We'll also discuss the strategy of building apartments that can be converted to condos later on, and the role financing and fund raising plays in the process. Bradley also has a lot of experience & stories that he'll be sharing with us. If you've ever considered developing your own real estate project, or are interested in the development and construction process, then this is a 'must-listen' episode with a seasoned expert. You can contact Bradley through his linkedin or email: https://www.linkedin.com/in/bradley-hartwell-19074147/ [email protected]

Jul 8, 201955 min

EP181 The Pro's & Pitfalls of Mobile Home Park Investing with Kevin Bupp

Today we're going to talk about Mobile Home Park Investing with a renowned expert on the subject. Many of you know Kevin Bupp from his popular podcast "Real Estate Investing For Cashflow". Kevin is a serial entrepreneur with over $100 Million in transactions, including apartments, single family homes, office buildings, raw land, condos, and his favorite, mobile home parks. Today Kevin is going to tell us how a lunch meeting turned him into a Mobile Home Park Investor, how this asset class compares to apartment investing, why cities and municipalities are zoning these parks out of existence, and what you're really investing in when you buy one of these communities. Kevin will also share his tips on working with the homeowners and residents of these parks, the criteria he uses when conducting due diligence on an investment opportunity, and how to avoid the pitfalls that can cost investors a lot of money. Kevin shares a scary story about a very lucrative-seeming investment that went wrong because the utilities needed replacing. Kevin also teaches his methods to Mobile Home Park Investors across the country, and you can learn more by going to his websites: https://mobilehomeparkacademy.com http://dealfindersformula.com/home

Jul 1, 201946 min

EP180 Fighting to Save Teardown Homes in Kalamazoo with the stars of HGTV's "Gritty To Pretty", Jeremy Cole & Ramon Huerta

One of the bonuses of attending the RPOA's Annual Conference this past February, is that everyone had the opportunity to enjoy a special Q&A session with Jeremy Cole & Ramon Huerta. If you don't know who these guys are, you soon will. They're the stars of "Gritty To Pretty", an HGTV show that was just about to air its 2nd episode on the DIY Network, and has since been picked up for a full season by HGTV - which they are currently shooting. Jeremy & Ramon are both passionate about improving the Kalamazoo, Michigan neighborhoods they invest in, and Jeremy is on a mission to save homes that the city would prefer to tear down. In this episode he goes into detail on the true cost of tearing down homes in terms of dollars, neighborhood impact, and the availability of affordable housing. This is a wide-ranging Q&A with a lot of great questions from the audience about investing, rehabbing, and being on a hit reality tv show. It was a lot of fun to record, and I know you're going to enjoy this episode and everything Jeremy & Ramon have to share.

Jun 24, 201954 min

EP179 Applying Data Science to Markets, Multifamily, and Property Management with Anna Myers

Anna Myers acquired her first 500 Multifamily units in 2018, and another 300 units in 2019 (so far). Today we're going to find out how she's been able to grow her portfolio so quickly through her systematic approach to analyzing markets and opportunities, as well as her ability to create pivotal & strategic partnerships. From single-mother, to surviving the tech market crash of 2000, to becoming a small business owner and eventually the Vice President of Grocapitus, Anna has always relied on her analytical skills to improve her opportunities. Today we're going to learn how she's seized certain opportunites along the way that have led to her success. Whether it be volunteering to build an analysis tool for her mentor, Neil Bawa, or becoming an educator and trainer on commercial underwriting through MultifamilyU. Anna will share how she uses her systematic approach and knowledge of data science to find the best markets that will weather the next downturn, analyze potential multifamily opportunities, and improve the management and leasing of the apartments she owns. And yes, Anna will name the markets that she finds most compelling. Anna's perspective is unique in this industry, and you'll definitely appreciate the wisdom & knowledge she's about to share. You can find out more about Anna and the courses she teaches for MultifamilyU by going to https://multifamilyu.com

Jun 17, 201949 min

EP178 Avoiding Nightmare Residents through Proper Tenant Screening, with DJ Newman & Grand Slam Investigations

One of the biggest fears landlords and rental property owners have is nightmare residents. I'm talking about tenants who seem okay at first, but then decide they're not going to pay rent, damage your property, and cost you thousands of dollars trying to evict them and clean up their mess. How can we avoid this problem? Well, the best answer is proper tenant screening. But not everyone understands what the best practices are, or even how to go about it. Today, I'm talking with DJ Newman, the owner of Grand Slam Investigations. DJ is a licensed private investigator and an expert on running background, criminal & credit checks on potential tenants. DJ is going to share his screening methods in order to help you find the very best residents for your property. Grand Slam Investigations is also affiliated with the RPOA, and DJ will discuss the benefits they provide to RPOA members. He also has some great stories of the private investigation work he's done, including the survelliance work that led to having a shotgun pointed at his head, along with some other scary encounters. I know you'll enjoy this conversation with DJ, and you'll definitely get some tips that will help you find better residents. You can contact DJ through Grand Slam Investigations' website or by phone. www.gsipi.com 231-359-1555

Jun 10, 201927 min

EP177 How He Builds Confidence, Credibility & Rapport with Sellers while Day-Trading Real Estate with Larry Goins

Larry Goins is a visionary, entrepreneur, real estate investor, and educator. He's been investing in real estate for over 30 years, and has previously served as the president of the Metrolina Real Estate Investors Association in Charlotte, North Carolina. Today, Larry is not only going to share details on his Real Estate Day-Trading system, he's also going to show exactly how he builds Confidence, Credibility, and Rapport with Sellers. He'll take us through real-life conversations to illustrate how you can get people to like and trust you, Price-Condition your sellers, and close the deal. Larry will also share how he builds his lists, vets and funnels his buyers, conducts due-diligence on his opportunities, and the process he follows once the property is under contract. This is all top-level information that any investor will benefit from. Larry also travels throughout the U.S. speaking and training students on buying HUD Homes, Virtual Real Estate Day Trading, Seller Financing, and his "Filthy Rich" system of investing. He's also a noted author and hosts an excellent podcast called "Brain-Pick a Pro Podcast". You can get a free copy of Larry's book "Getting Started in Real Estate Day Trading" by calling 1-877-LARRY GO and asking for a copy. Be sure to mention this podcast. Larry can also be contacted through his website at www.larrygoins.com

Jun 3, 201940 min

EP176 House Hacking, Property Management, Vacation Rentals, and how she applies her Social Work background to managing her Businesses with Chelsea Roelofs

Real Estate Investing and Property Management is a People Business, and Chelsea Roelofs was trained early on how important that concept is. Chelsea has a background in social work that has helped her attract clients and residents through her company Rockfinch Realty, a full-service property management and real estate brokerage company. Today we're going to learn how Chelsea transitioned into real estate from social work, as well as the house-hacking investments she made in the historic neighborhoods of Grand Rapids, MI. Chelsea is also going to discuss her single-family & vacation rental investments in Grand Rapids & Muskegon, a lodge she recently purchased in Newaygo, and her property management philosophy that has helped build her successful business. I know you're going to enjoy hearing Chelsea share her experiences in real estate, and the lessons she's learned along the way. You can find out more about Chelsea by going to: http://www.rockfinch.forsale/content/about-rockfinch-realty

May 27, 201933 min

EP175 Owning & Managing Student Housing Rental Property with Jared Behrens

Owning and Managing Student Housing Rental Property can be very rewarding, but it takes a unique approach and strategies that are different from traditional property management. If you are considering purchasing property for student housing, or you currently own & manage student housing, then you'll definitely want to hear the best practices and advice from our guest today. Jared Behrens is the General Manager at American Realty Property Management, which specializes in managing A-class single family rentals and student housing in the West Michigan area. They currently manage over 325 units for 60 different owners. Jared is going to share his tips on leasing to students and managing their expectations, along with their parent's expectations. We're going to discuss which months you have to be prepared to move all your students in & out of the units, as well as when you must have them leased by. You'll learn why Jared advises having the students sign a 'jointly and severally liable' lease, and what type of properties and bedroom/bathroom configurations work best for students. There's a ton of great advice packed into this episode. You can contact Jared through his email, website, phone, Twitter, or Instagram: http://american-realty.net Email: [email protected] Phone: 616.913.9004 Twitter: @jaredbeh Instagram: @jared315

May 20, 201955 min

EP174 Note Buying Expert Panel Discussion and Q&A with Sue Nelson, Gene Chandler, & Kyle Zimpleman

Performing and Non-Performing Notes. You've definitely heard us talk on this podcast about this area of investing. While the returns can be quite lucrative, there are many risks to consider, as well as barriers to entry. When entering this arena it pays to be well informed. That's why, at the recent RPOA Annual Conference, we held an Expert Q & A Panel Discussion on Note Buying. We had three experts there to help us understand what notes are, the investment opportunity they provide, the pro's and con's of investing in notes, and how they've each been successful in the single-family and commercial note investing arena. If you're interested in investing in notes yourself, then you definitely will get a lot of great information from our expert panel today. Sue Nelson is a trainer and coach who has done almost every type of creative real estate deal. Sue is an expert in commercial, multifamily, REOs and notes, and I actually joined her commercial note training program back in 2012. Sue was recently a guest on the podcast - episode #162. http://reonoteprofits.com [email protected] Gene Chandler has 45 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and small pools of distressed assets directly from banks, hedge funds, and private equity groups. Gene was a guest on episode #80, and I was so impressed by our conversation that I ended up investing with Gene, and together we've purchased 12 non-performing notes. [email protected] https://www.chandlerfin.com Kyle Zimpleman is also a note investor with a mission of helping distressed home-owners stay in their homes. Kyle is the President & CEO of Expand Capital Group and purchases distressed mortgages throughout the U.S. He's also started a fund to help passive investors invest in this space. Kyle was a guest on episode #151. [email protected] http://expandcap.com/about/

May 13, 201953 min

EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs

Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes. Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on. Whether they're performing or non-performing, notes can offer a lucrative opportunity to make money and help distressed homeowners in the process. Wylea Griggs, the owner of Eleesee Solutions, LLC, is a local Grand Rapids investor who has been purchasing non-performing notes. Today she is going to walk us through three of her recent deals and show us how she was able to make 30 to 60% returns, while helping several homeowners get past some difficult setbacks and get current with their mortgage payments. Wylea also hosts a local meet up group: "Grand Rapids Note Closers - Wine & Notes for Self Directed IRA Real Estate Investors". They'll be meeting this Wednesday, May 8th, from 6 to 9pm at the Cascade Winery, 4665 Broadmoor, Kentwood, MI 49512. I know you're going to enjoy hearing Wylea's story of how she got started investing in real estate and ended up realizing the benefits of investing in notes. You can contact her by phone, email, or her website: 616-329-5955 [email protected] www.eleeseesolutions.com

May 6, 201947 min

EP172 How He Grew from a 2-Unit to 640 Units, all in His Own Backyard with Jason Pero

Jason Pero bought his first duplex in 2001 and never looked back. He quickly acquired more units, started a management company, and left his W-2 job by 2012. He now owns over 650 Units that he manages through his company, Pero Real Estate, located in Erie Pennsylvania. Jason recently completed his first syndication of 86 units and is going to share with us how he structures his deals for investors. We'll also learn how & why he prefers to acquire properties in his own backyard, off-market, and directly from sellers. And Jason will share the tools and software he uses in his property management business. Jason is also the President of his local REIA, the Apartment Association of North West Pennsylvania. We discuss why its important to be active in your local real estate groups and how its helped both of us make huge progress in our investments while giving back to the investor community. I know you're going to enjoy this conversation with Jason. He shares a lot of the details on how he grew his portfolio, and how he and his wife were both able to leave their W-2 jobs. Jason can be contacted by email at [email protected]

Apr 29, 201952 min

EP171 Legalized Marijuana & Your Investment Property: Expert Q&A with Justin Wheeler

With the recent legalization of marijuana in Michigan and other states around the country, many real estate investors and landlords have been wondering what this means for their investment property. Are tenants now able to smoke marijuana in their units? Do we need to change our leases to accommodate this new law? Can we get in trouble if we evict a tenant for smoking marijuana? How can we as investors profit from this new law? How do we identify these new opportunities? At the recent RPOA annual conference we held an expert Q&A discussion with Justin Wheeler, a real estate attorney with the law firm Bolhouse, Hofstee & McLean. Justin practices in the areas of business and real estate and has several clients in the marijuana space. If you are at all concerned about the implications of the legalization of marijuana on your investment property, or you're excited to know where the opportunities are in this space, then you'll enjoy hearing Justin discuss the in's & out's of this new law. Justin can be reached by email: [email protected]

Apr 22, 201950 min

EP170 How He's Finding Multiple Off-Market Opportunities with Patrick Spitzley

If you're looking for opportunities in today's hot market, and chasing after those that are listed on the MLS by realtors or brokers, chances are you're experiencing a great deal of competition and frustration. My guest today has managed to avoid that agony by finding off-market deals. Of his last 20 acquisitions, he's only gone through the MLS one time. That's 19 off-market deals that he's been able to find in the past year! Today, Patrick Spitzley is going to take us through his most recent rehab acquisitions and how he found them without going through the traditional channels. Patrick is a SFH rehabber and long-term investor who specializes in buying the worst house on the block and turning it into a cash cow. He's also a friend of the show who has appeared on episodes #13, 87 & most recently #168. Patrick's going to take us through, deal by deal, how he found these opportunities. From auctions to hoarder houses, from his insurance agent to a contact he made through the Deal Room at the RPOA's Annual Conference, Patrick knows how to beat the bushes and is going to share his secrets. Enjoy!

Apr 15, 201955 min

EP169 The Language Of Land - Finding, Funding & Profiting from Lots & Unimproved Land with Jack Bosch

Jack Bosch owns rental houses, commercial properties and even large apartment communities. However, Jack's main passion is for buying and selling Lots and Unimproved Land. Jack and his wife began investing in land back in 2002, and it took them only 18 months to make over $1 Million dollars. Now Jack is known as "The Land Guy", and he teaches his strategies to investors all over the world. Today he's going to tell us how he finds, funds, and profits from buying land. Jack is also the #1 Best-Selling Author of the financial literacy book "Forever Cash: Break the earn-spend cycle, take charge of your life, and build everlasting wealth". Jack also hosts the successful podcast "Forever Cash Life- Real Estate Podcast". This is a great episode for anyone who is interested in investing in real estate but doesn't want to deal with tenants, toilets & trash. Jack shares a lot of real-life examples and detailed knowledge from his experiences buying & selling land. You can contact Jack in the following ways: www.jackbosch.com www.landprofitgenerator.com www.forevercashbook.net facebook: forever cash group & land for pennies "Forever Cash Life - Real Estate Podcast"

Apr 8, 201954 min

EP168 Can This Mastermind Group Help Him Fix His Rehabbing & Flipping Business Model? With Ramond Harris II, Patrick Spitzley, and Justin Workman

I met Ramond Harris II at the RPOA's Annual Conference last month, and after hearing his story I knew that we needed to record a podcast immediately. You see, Ramond is seemingly a successful Detroit-based wholesaler, rehabber & flipper. But there was something wrong with his business model, and he was trying to figure out how to fix it. So I invited Patrick Spitzley and Justin Workman, two experienced rehabbers and Friends of the Show, to join us for a Mastermind Session, in which we learned about the challenges facing Ramond in his business, analyzed his situation, and helped him come up with concrete solutions to improve his systems and create more profit for himself. And I thought we were doing a pretty good job. Until half-way through the mastermind session Ramond dropped a bomb into the conversation. At that point we realized what the real problem was...! I know you're going to enjoy this conversation with Ramond. You'll learn a lot about what it means to be an entrepreneur and investor, and how some of the decisions we make can impact us without even realizing it. Ramond really opens himself up to the group and isn't afraid to share the whole truth about his business. At the end of the episode you'll also get to enjoy a recent update from Ramond, as well as the conversation that took place after everyone thought I'd turned of the microphones! This is one of my favorite episodes, so I hope you enjoy it as much as we did! Ramond can be reached by email: [email protected]

Apr 1, 20191h 13m

EP167 Demographics, Trends, and Technologies that are Shaping the Future of Real Estate Investing with Linda Liberatore

As Rental Property Owners and Landlords, we need to be aware of the changing demographics, trends, and technologies that are shaping the future of Real Estate Investing, especially when it comes to the impact of Millenials and Generation Z on our businesses. Linda Liberatore speaks on these topics all over the country and is the Founder & CEO of Secure Pay One, a company dedicated to Landlord Empowerment. She's also the author of the bestselling books: "Landlord's Secrets", "My Landlord Helper: The Keys to Managing Your Real Estate", and "Daily Inspirations to Achieve Your Real Estate Investment Goals". Linda's going to help us understand Demographic Trends and the expectations of Generation Z that you must consider, Cost-Effective Technology Solutions that you can apply to your rental business, Social Media Marketing, Navigating the Friction Points in Leasing & Marketing, and her projections of what changes we should expect in the coming years. Linda shares a lot of great knowledge and experience in this episode. You can get in touch with her by email, phone or website: [email protected] 847-436-9006 http://lindaliberatore.com Enjoy!

Mar 25, 201954 min

EP166 Rental Property Maintenance, Contractors, and Dealing with City Inspections with Amanda Szabo & Tom Harrold

Hiring Contractors, handling Maintenance issues and dealing with City Inspections are a reality of owning residential rental property. The level of efficiency and quality employed in handling these issues can either add huge value or create huge problems for your investment properties. It can be helpful to understand the best practices employed by the professionals in our industry to make sure we're following the rules and not wasting money. That's why today's conversation is a must listen for anyone who owns or is thinking of owning Rental Property. We are going to break down the process of taking proper care of your investment property. We're going to discuss the logistics of scheduling repairs with your tenants, managing expectations of owners and residents, finding and hiring the best vendors and contractors, and handling city inspections. Having this conversation with me today are two experts in their field: Amanda Szabo is a general manager at LeaseGR, a West Michigan Property Management Company that has been in business for over 15 years. Tom Harrold is the manager of Rental Property Maintenance (RPM), a West Michigan company that handles maintenance, repairs, and rehabs for landlords and property managers in the Grand Rapids area. This is a great nuts & bolts episode for understanding the best ways to take care of your rental property investments. You can reach Amanda and Tom in the following ways: Amanda Szabo, General Manager at LeaseGR www.leasegr.com [email protected] 616-257-3997 Tom Harrold, Manager @ Rental Property Maintenance (RPM) https://rpm616.com/contact/ [email protected]

Mar 18, 201955 min