Whether you're a Buy & Hold Investor, Wholesaler, Landlord, Property Manager or you do Fix & Flips, you most likely have some form of real estate business. Whether you realize it or not, your business has a credit footprint that can be used to your advantage, especially when it comes to obtaining alternate financing.
In today's conversation with Ty Crandall, we discuss Business Credit: What it is, how to build it, and what it mean to you specifically as a rental property owner & real estate investor. If you build your business credit the right way, you can access funds without using your personal information and social security number.
Ty Crandall is a leading expert on building business credit and is the CEO of Credit Suite, one of the biggest and most credible business coaching operations in the United States. He's also the author of two popular books: "Perfect Credit" and "Business Credit Decoded". Ty also hosts an excellent podcast called "The Business Credit and Finance Show".
You can contact Ty through his website:
And download a free report on "How to build credit for your EIN that is not linked to your SSN"
Mark Troy is the owner and founder of Compass Property Services, a full-service property management company that also does remodeling and helps investors and home owners buy and sell properties.
Today we sit down to talk about Mark's early career as an investor and landlord, and the decisions that led him to start his own management company. Mark shares his tips on leasing, evictions, and managing your property, and discusses the mistakes that he's seen many landlords make.
We also talk about Mark's bigger goal to build massive wealth in order to give it away to important causes that he believes in.
Mark is also the President of the Rental Property Owner's Association, and we discuss the importance of the RPOA in protecting the rights of investors and landlords at the city, state and federal levels.
I know you're going to get a lot of great information from this interview. Enjoy!
You can contact Mark and Compass Property Services through their website:
If you're an active investor in commercial multi-family and apartments, or you're interested in getting into this space, I know you're going to get a lot out of today's conversation.
I'm excited to sit down with Craig Black and Scott Nurski, who are both Multi-Family Investment Advisors with NAI Wisinski of West Michigan.
We have definitely packed a lot of great information into today's conversation: What you need to do to get brokers to take you seriously, the economy of scale with Multi-Family and Apartments compared to Single Family Investing, and factors & expenses to consider when you begin investing in larger units.
Craig and Scott also go into detail on the Michigan and West Michigan market, including where you might still be able to find deals.
You can also check out Scott Nurski's NAIWWM Mid-Year West Michigan Multifamily Market Forecast:
Craig and Scott are also quoted in the following Grand Rapids Business Journal Article:
Last week I spoke with Josh Sterling about his Single Family Rental Investments and the plateaus he's overcome while building his portfolio from 1 to 160 units.
This week, in part two of our conversation, Josh and I discuss the 24 Unit Apartment Community he purchased on Land Contract that had a 42% occupancy rate and how he managed to turn that around. Josh shares how he improved the occupancy to near 100%, and cash-out refinanced all of the money he originally invested.
We discuss the "Infinite Return" he's created by no longer having any of his own money in the investment, while still cash-flowing $5,400 a month. This is the Holy Grail of real estate investing, and Josh is going to tell us how he did it.
We'll also talk about the 53-unit Josh purchased next, how he built his team at Epic Property Management, the systems and property management software he put in place to help build his portfolio, as well as new construction projects he's undertaken recently.
This episode is bursting with great information for novice & seasoned investors. Be ready to take lots of notes!