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Rental Property Owner & Real Estate Investor Podcast

Exciting, informative. Every Monday, your host Brian Hamrick interviews real world real estate investors and industry professionals to discuss topics, tips, and techniques designed to make you a more confident and successful rental property owner and real estate investor. Guests include buy and hold investors, flippers, wholesalers, property managers, brokers, legal advisors, insurance providers, mortgage brokers—you name it, we’re talking to some of the top names in the business.
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Now displaying: 2021
Mar 1, 2021

My guest today spent 20 years working as a teacher, 9 years working for various government agencies, and 17 years in Information Technology.  But he left all that behind when he began investing in real estate.

Jeff Greenberg is now an experienced Syndicator and Asset Manager with over 12 years of experience in commercial real estate.  He currently controls over 1,000 units with a value over $40 Million, including 300 student housing beds.

Today Jeff is going to discuss how a seasoned syndicator raises money from investors.  Jeff will share case studies from his first 20 unit in Texas and the mistakes he made in his projections.  We’ll also discuss Student Housing, the importance of Broker and Lender Relationships, Flood Zones and Flood Insurance, How to raise your NOI by creating a RUBS system, Structuring a Fund, and Jeff’s outlook on the multifamily sector.

Jeff shares a lot of great insight and experience in this episode.  If you’ve ever considered syndication, or passive investing, this is a ‘must listen’.  You can contact Jeff through his website or email:

https://synergeticinvestmentgroup.com

jeff@synergeticinvestmentgroup.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Feb 22, 2021

My guest today has spent the last few years building and acquiring small businesses and real estate investments to create diversified income streams.  He’s invested in franchises, hair salons, laundromats, short-term rentals, car washes, and other assets with lucrative returns but not a lot of information available on how to get started.  Luckily, he’s been documenting these experimental investments along the way and will be sharing the details with us today.

Keith Leimbach has served as COO and CEO of several companies and he spent 30 years in the corporate world.  He served on a US Presidential Advisory Committee and hosts the “Diversified Income Experiment Podcast”.

Today Keith is going to open the books on his investments and take us on a deep dive into investing in Laundromats, Hair Salons, and Car Washes.  He’ll go into the compelling financial reasons these assets offer superior profit potential, the cost of build-out, expense ratios, and challenges of the different client or end user.

It’s extremely difficult to find real world information on these types of investments and you’re definitely going to appreciate how transparent Keith is in sharing his data and experience.  You’ll also discover which asset class is Keith’s clear favorite.  You can find out more about Keith by website or email:

https://www.dincpie.com

harry@dincpie.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Feb 15, 2021

I’m excited to be talking with a good friend and mentor of mine today about raising equity from investors.  Al Vardya successfully exited a 26-year career in the Information Technology Industry and began investing in Real Estate back in 2011.  He started with single-family homes that he still owns and manages, and then began investing in commercial real estate such as Class B Multifamily, hospitality, and office buildings.

One of Al’s many strengths is that he has created and maintains partnerships with sponsor groups syndicating private placement deals.  Al has also built a family and friends network of investors providing capital for these syndications.  He invests both as a limited partner and also co-sponsors some of these deals as a General Partner.

To date, Al has raised over $42 Million in investor equity across 37 projects, 12 of which have been exited for an average annual return of 37% to his investors.

Today we’re going to discuss what qualities Al looks for in his sponsors and the type of groups and asset classes he prefers to invest in.  He’ll also share how he built his network of over 120 passive investors and how he communicates and educates them in the opportunities he’s pursuing.  You’ll also get some incredible insight into the trends and new types of investments Al is targeting for 2021, including new apartment development in Montana and Triple-Net Leases in the Cannabis Industry.

Whether you’re raising money from investors or looking to invest passively in other people’s deals, you’re going to love listening to what Al has to say.  If you’re an accredited investor and would like to get in touch with Al, you can do so by phone or email: 248-444-7670

oldivyrealestate@gmail.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Feb 13, 2021

The RPOA's annual conference will be held virtually in 2021!

Each month beginning this Thursday, February 18th, we'll be bringing you an exciting new main event - national speaker, deal room, breakout sessions, or legislative and economic updates - in addition to each event having plenty of opportunity to network (up to 500 people per event!) and chat with vendors and sponsors!

The conference is free to everyone this year and will be held over the course of 12 months. We'll be using the Remo conference and networking platform. You can learn more about it here: https://www.michiganreiconference.com/about-remo

Don't miss our first event on Thursday, February 18th at 11am! GVSU Economics Professor Paul Isely will provide a real estate investment and rental economic update. With plenty of uncertainty still ahead for the economy due to COVID-19, Paul's expertise in this area is incredibly relevant and invaluable. Paul's presentation never disappoints and is always a crowd favorite each year! And make sure to stick around after the presentation for networking with other attendees!

Feb 8, 2021

My guest today can best be described as someone who has overcome great odds to achieve incredible things. 

Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisiana.  She’s the developer of a $14Million mixed-use community and founding partner of one of the largest private real estate crowdfunding companies in her state.  She also has created her own board game that she designed to teach development concepts, and she’s been invited to the White House.

Terrica has also had to overcome enormous difficulties and challenges, including growing up in the foster system, homelessness, and Hurricane Katrina.

Today Terrica is going to share how she was able to get her real estate license after failing the test many times, how she realized that 3% commissions weren’t going to cut it, how she sought out a particular type of client, and why most of those clients left her when she made a pivotal business decision.

We’ll also discuss Terrica’s rehab projects, the board game she developed to teach development principles, and the mixed-use $14Million development she’ll be breaking ground on in 2021.

I know you’re going to enjoy this conversation with Terrica and hope you’ll be as inspired by her story as I was.  You can find out more about her and her businesses through the following websites:

https://www.developersboardgame.com

http://saltcapitalequitygroup.com

http://www.terricalynnsmith.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

 

Feb 1, 2021

According to the Mortgage Bankers Association, the delinquency rate for mortgage loans on one to four-unit residential properties has reached the highest level since 2010, when we were deep into the great recession.  As of November 2020, over 7.6% of borrowers are 90 days or more behind on paying their mortgage.  In the midst of this national crisis, what effect is this having on investors who own and service their notes.

And how are these investors working with their borrowers to provide forbearance and other options to keep people in their homes?

Here to discuss the state of note investing during a pandemic is a real thought leader in the mortgage note investment industry.  Martin Saenz brings social good into smart investing through his company Bequest Funds which acquires and profits from performing and distressed mortgages.  He has directly helped over a thousand families stay in their homes, and countless more through the influence of his mentorship.

Today Martin is going to discuss how he’s working with his borrowers to help them avoid foreclosure, the types of note opportunities he’s investing in, what he’s expecting to happen in the next 12 months, and the $50 Million fund he’s building to acquire more assets.

Martin shares a lot of great investment knowledge that I know you’ll benefit from.  You can find out more about Martin through his websites:

https://www.bqfunds.com

https://www.noteinvestingmadeeasier.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

 

Jan 25, 2021

My guest today just completed his first syndication on a 76-unit apartment complex in St. Louis, Missouri, right in the midst of the Covid pandemic.

Lee Fjord got his start in property management and began investing for himself in 2016.  Through the Power of Partnerships he’s done a series of joint ventures and has built his portfolio up to 124 doors.  Today he’s going to share the up’s and down’s of his investing trajectory.

Lee has a decades-worth of experience as a Property Manager, Commercial Leasing Agent, Asset Manager, and Commercial Property Broker. In today’s conversation Lee shares the mistakes he made on rehabbing his first duplex, why you should never accept the lowest bid from a contractor, how he partnered with an ex-NFL player to acquire 37 units, and the reasons he ended up syndicating his 76-unit apartment complex.

I know you’re going to benefit greatly from listening to Lee’s story.  He very methodically built a portfolio that’s positioned to expand rapidly.  You can find out more about Lee or contact him by going to:

https://www.greenforestcapital.com

or facebook or Instagram @lee.fjord

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

Jan 18, 2021

What does it mean to build Legacy Wealth in real estate investing?  Many of us are doing deals, making our offers, rehabbing and flipping our properties, and trying to make a profit.  But when we look beyond our day-to-day workflow, what do we see ahead of us?  Are we actually building Legacy Wealth that will allow us to retire with passive cashflow and support our families when we’re gone?

We’re going to discuss that topic today with Joe Bell. He’s an expert at helping Real Estate Professionals build legacy retirement and wealth, and he’s the author of “Asset Acquisitions & Abundance: A Guide To Building True Wealth & Legacy Through Real Estate”

Joe has been named in the “Top 40 Under 40” in Alaska, and has been featured in places such as ABC, NBC, Digital Journal, Investor Place, and more. 

Today, Joe is going to describe the challenges he faces investing in properties near Anchorage, Alaska, how he’s using the BRRRR method to build cashflow, and the benchmarks he’s set for himself to build Legacy wealth.

There’s a lot of great information packed into this episode.  You can contact Joe through his website: http://www.legacybeyondlistings.com

Jan 11, 2021

Real Estate Investing can present many challenges that both new and seasoned investors find difficult to overcome.  If you’re investing out-of-state, it might be difficult to get a broker price opinion, title search, or secure a property that has gone vacant.

In my own business, we quite often need someone to mow the lawn on an REO, or help us create a Dodd Frank compliant mortgage.  More often than not, we find ourselves needing to ‘cure’ a title defect on a non-performing note.

These are all complicated tasks that are either time-consuming or outside our area of expertise.  That’s why it’s so important to have a ‘guy’ who can handle it.

Dickie Baldwin is that guy, and through his company, Baldwin Advisory Group, he helps investors all over the country with many types of legal, property, title, and financing challenges.  Dickie has over 35 years of Real Estate experience as a Realtor, Loan Originator and Mortgage Professional.  He’s solved many problems for investors, and he’s here to share some of those stories with us.

Dickie will be discussing the importance of due diligence, why you need a reputable broker to create your BPO (Broker Price Opinion), why a Title Search is always a good idea, and many of the other considerations investors must make while investing across state borders.

https://baldwinadvisorygroup.com

dbaldwin@baldwinadvisorygroup.com

Jan 4, 2021

When it comes to successful real estate investing, having access to reliable and accurate data can have a huge impact on your profit potential.  Technology has brought us to a point where there’s an abundance of data available, you just have to know where to find it and how to use it properly.  Today’s guest is levelling the playing field by helping small businesses and investors get access to the same data and public records that are coveted by larger firms.

Sean O’Toole flipped over 150 properties in Silicon Valley before he strategically exited the market in 2006 to focus on real estate technology.  He founded ForeclosureRadar in 2007, and in 2013 he pivoted away from foreclosures to general real estate with the launch of PropertyRadar.

Today, Sean is going to help us understand how data should drive our decisions, what we should look for when applying data to our due diligence, and why having access to the right data can create a consistent pipeline of opportunities and be a game changer.  We’re also going to discuss ‘Information Arbitrage’ and how understanding that concept has helped Sean profit from deals other investors have avoided.

Sean is sharing a glimpse into a world that most investors spend little time understanding or researching.  But those who do take the time can develop x-ray vision into opportunities that might scare away other investors.

Sean is sharing a glimpse into a world that most investors spend little time understanding or researching.  But those who do take the time can develop x-ray vision into opportunities that might scare away other investors.  You’ll definitely benefit from Sean’s examples and stories.  You can find out more about Sean by going to www.propertyradar.com

 

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