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:
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@example.com
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:
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.
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:
facebook: forever cash group & land for pennies
"Forever Cash Life - Real Estate Podcast"
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: firstname.lastname@example.org
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:
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
Tom Harrold, Manager @ Rental Property Maintenance (RPM)
Joseph Gozlan is a Multifamily Investment Specialist with a portfolio of over 500 units in strong secondary markets in Texas. He's also a former lieutenant in the Israeli Defense Force and has over 17 years of leadership experiences in the software industry, which helped him sharpen his business and analytical skills as well as his "big picture" perspective.
Joseph is also a fascinating guy with a lot of great real estate wisdom to share. In today's conversation Joseph takes us through his thought process comparing multifamily investing to other types of investing, and how this helped him go from zero to 500 units in less than three years.
We also discuss the massive generational shift in demographics that is having an enormous impact on rental housing, Joseph's three rules of investing that will see him through good and bad economic cycles, and how he's in the process of changing out his management team.
Joseph also makes it clear that Multifamily investing is not as easy as some might say. It takes a lot of work and perseverance, and Joseph discusses the many challenges that he's had to face.
I know you're going to enjoy this highly enlightening conversation. Joseph is also a broker and uses his 360 degree perspective of multifamily investing and ownership to help his buyers and sellers. You can learn more about Joseph through his brokerage website and his acquisition website:
Last year we saw the passage of the Trump Administration's Tax Cuts and Jobs Act which created opportunities for investors and small business owners to lower the amount of taxes owed. However, there were still some outstanding questions that needed to be answered.
Luckily we have Duane Culver back on the show today to shed some light on those lingering questions and how they apply to your 2018 tax preparation. Duane is a CPA and President of Culver CPA Group. Today he'll give us the low-down on the following topics:
Qualified Business Income Deduction (QBID) and how it relates to your rental income.
Do you still have to pay the Affordable Care Act Health Insurance Penalty?
Reminder on the larger Standard Deduction you're able to take.
Change in how you can deduct charitable contributions.
What you need to know about Opportunity Zones.
If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing. The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits. You can also go back and listen to last years tax conversation with Duane, Ep#112, where we discuss the Tax Cuts and Jobs Act in more detail.
Duane can be contacted by email, his website, or phone:
Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.
My guest today started investing in Real Estate by buying and selling over 100 single family homes before transitioning into multifamily. Within 3 years he went from owning zero to 300 units across the country!
Sterling White is an investor and business owner on a mission to make the world a better place through principled and efficient real estate investment. He's also helped other investors raise money for their deals and attract private money through a software platform he co-developed called "Syndication Pro".
Today Sterling and I discuss how he was able to grow his portfolio so quickly, and the differences he sees between fixing & flipping and owning multifamily. Sterling also has some great stories on the methods he uses to build rapport with sellers and investors, and how a 'thank-you' card helped him beat out multiple higher offers.
Sterling will also share why he avoids brokers and prefers to find off-market deals. We'll also talk about syndication and why he helped design and build an on-line investor portal to make the process more efficient and profitable.
Sterling shares a lot of great knowledge in this conversation that will be helpful to anyone looking to find off-market deals or raise money from investors. You can contact Sterling through email or his website:
In this quick update, Jeremy Cole and I share an important announcement about two events you don't want to miss:
First off, today (Thursday, February 21, 2019) is the first day of the RPOA's Annual FREE Conference & Expo, and there will be a special Q&A session tonight at 6pm with the stars of HGTV/DIY's hit show 'Gritty to Pretty'. Arrive early for the 5:30 happy hour and chance to meet Jeremy and Ramon Huerta live!
You will also have the opportunity to watch their show this Saturday, February 23rd at 8pm when it airs on the DIY Network. Your action item for the day is to set your DVR to record, or watch it live, because the more people who check out this episode, the better the show's chance of getting to the next level at HGTV.
For more information about the conference, and to register for FREE, go to www.rpoaonline.org
We'll see you there!
Sue Nelson has constructed almost every type of creative real estate deal: commercial short sales, loan modifications, options, master leases, JV agreements, and note buys. You name it, she's done it! That's why I actually joined Sue's coaching group several years back - I knew that I could learn from her experiences to help get me to the next level as a real estate investor.
And today Sue is going to talk about the different ways she's invested in Multi-Family and Apartment Real Estate. We'll discuss how she structures her deals with sellers and investors, how she knows whether or not she's investing in a good area, what you must remember when working with a broker, and what it takes to become a transaction engineer.
Sue will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
Sue will be speaking on Friday and Saturday about investing in Commercial and Multi-Family with REO's and Notes. I can tell you from personal experience that you do not want to miss this incredible opportunity to learn from Sue. She is a master of the creative real estate deal!
You've heard us talk about it, and you've listened to the episodes with our featured speakers from all over the country. Now its time for you to make the commitment to be there at the "Michigan Landlord & Real Estate Investor FREE Conference & Expo of 2019", happening February 21, 22, & 23 right here in Grand Rapids, Michigan.
In this special episode, Clay Powell and I discuss all of the fantastic featured speakers, breakout sessions, and opportunities for networking with other like-minded investors and vendors. This is an event you don't want to miss!
Go to rpoaonline.org to register for FREE, and we'll look forward to seeing you there!
37 years ago, Jeffrey Taylor and his wife became accidental landlords. But they had no way of knowing that long ago, that the mistakes they were making and the challenges they were facing, would someday go on to inspire tens-of-thousands of real estate investors and landlords across the country.
Today you will find out how Jeffrey Taylor transitioned from being a full-time school teacher into Mr. Landlord, a highly sought-after speaker, trainer and author who has spent the past 34 years teaching landlords how to treat rental property as a business, increase their cash flow, and reduce their headaches along the way.
Jeffrey & I recorded this conversation in 2017 and it originally was released as Episode #57. You'll definitely want to listen to it again, because it includes his non-traditional ideas on how to increase your tenant's satisfaction and create more freedom for you as a rental property owner. Plus, Jeffrey's ideas will make you more money in rental income.
Jeffrey will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
"Mr. Landlord" is one of our most requested, popular, and entertaining featured speakers of all time, and you'll definitely want to listen to this episode and come learn from him live.
Short-Term & Vacation Rentals like Airbnb are getting a lot of interest from investors because of their potential for exponentially increasing your income.
My guest today, Beth Carson, helps investors and vacation rental owners make as much money as possible out of their investment. Beth has been in the hospitality industry for 18 years working with mini-resorts and high-end homes, and has helped investors go from losing millions a year to being profitable in one month.
Beth is a well-known expert on the subject of of Short-Term & Vacation Rentals, and she will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
I know you're going to enjoy today's episode. Short-Term & Vacation Rentals couldn't be a hotter topic right now, and Beth has a lot of great insight into how you can profit in this type of investment.
Today we're going to talk about a real estate asset-class that I love. It's one where you have renters, but they don't live in the property. You quite often don't have to worry about heat or water, and when someone moves out you can sweep their unit clean and move someone else in the very same day.
I'm talking about Self-Storage investing, and my guest today, Scott Meyers, is going to show us how this can be a great way to create massive cash flow without all of the downside associated with residential rental units.
Scott is a well-known expert on the subject of Self-Storage investing, and he will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
This is a great episode for you to get more familiar with an investing strategy that can be very profitable. Even if you're already investing in Self-Storage I know you'll get a lot of great information from this conversation that will take you to the next level.
Many investors are turning to mobile home investing to avoid the crazy competition in the real estate market for rentals and flips—and they’re succeeding! Mobile homes are sometimes the only alternative for those families with less money to spend on rent.
My guest today, Marco Kozlowski, believes that anyone can achieve success in real estate and is betting that mobile home investing is the fastest and best way to achieve that dream in today’s market. Marco shares specific examples of the deals he's done and the systems he's put in place to ensure success.
Marco is a leading expert in mobile home and real estate investing and is the owner of a variety of successful companies in multiple countries.
Marco will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
There's a lot of great information in today's conversation with Marco that I know you're going to enjoy and profit from.
One of the biggest questions real estate investors have is "where can I get More Money to do More deals?". Or, if you're just starting out, how can you find the funds to do your first deal?
My guest today has the answers. Alan Cowgill teaches investors around the world how to find Win-Win situations and attract and convert folks into Private Money Lenders to get all the money you need to get deals done.
Alan will discuss how he first stumbled upon the power of using private money, the types of presentations that attract private money, the mistakes he's seen others make, and the SEC rules that must be followed.
Alan will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
I know you're going to enjoy listening to my conversation with Alan. If you're in need of funds to do more deals then this episode is a "Must-Listen".
Cameron Gaskill didn't start in Real Estate Investing from a place of wealth or privilege. He was struggling to make ends meet and living paycheck to paycheck. When he would tell people he wanted to become a real estate investor they would laugh at him. After disaster struck he decided to follow his dream, and he's since rehabbed and flipped over 800 houses in Florida.
Today Cameron is going to take us through his successful process of rehabbing and flipping, working with contractors, and the systems he's set up to be as efficient as possible. You'll learn what type of home Cameron likes to buy, and what he avoids. We'll also discuss the numbers - what he'll pay and how much he wants to make on each project. Cameron also has advice on how to find the funds to become a successful flipper and rehabber.
Cameron will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
I know you're going to enjoy listening to my conversation with Cameron. He shares a lot of great down-to-earth advice on managing the nuts & bolts of rehabbing and flipping.
My guest today is an experienced buyer of Non-Performing Notes who got his start investing in Multifamily and Syndicating Apartment opportunities. Adam Adams' first deal was an 11-unit apartment complex, and he has bought and sold over 500 units. Currently he's a net-seller.
Adam jumped into buying Non-Performing Notes by buying a pool (multiple notes) for just under $1 Million. We're going to discuss that pool today, and Adam will share how he was able to profit while helping home-owners stay in their homes.
There's a lot of pitfalls and mistakes that you can encounter when purchasing notes, and Adam has some very helpful advice and warnings on what to avoid, as well as the dangers he sees in today's market. We also discuss the unintended consequences of the Dodd Frank Act, and how its impacting people's ability to purchase a home.
Adam has a lot of great wisdom to share, and listening to this episode will help you avoid the Crying Game - which is what happens when you purchase notes the wrong way. Adam is also a pipedrive CRM software expert, and you can watch his tutorials and learn more about his business at his website:
My guest today is a really interesting guy with a lot of great stories to tell. Damion Lupo has a 5th degree black belt in real estate investing, and he's a financial transformation architect. You'll have to listen to this episode to understand what both of those mean. You'll also want to listen and learn how Damion built up a portfolio worth $20 million, and then lost much of it in the Great Recession.
Damion shares many of his crazy stories about losing money, dealing with tenants, and why his investment career can be compared to the tv shows "Breaking Bad" and "Dexter". Damion talks about spending over $1 million on seminars, gurus, and mentors, and what he's gained from those experiences. He explains why he won't do business with anyone in their 20's, and discusses his thoughts on where we are in the current real estate cycle and what might happen during the next recession.
Damion is also an expert on "QRPs", or Qualified Retirement Plans. He'll explain what they are and the power they give investors over their retirement accounts. He'll also compare them to Self Directed IRAs and explain why he believes QRPs are preferable.
I know you're going to enjoy this conversation with Damion. You can download a free copy of his book by going to www.qrpbook.com
You can also visit Damion's website:
James Kandasamy has built an impressive portfolio of Value-Add Multifamily and Apartment Properties in San Antonio Texas. He currently controls over 1,000 units worth $65 Million and oversees the management and construction through his company Achieve Investment Group.
Today James tells us how he did it: why & how he transitioned from purchasing single-family homes through the BRRR strategy to investing in multifamily, how he identified and acquired value-add properties, and how he bypassed the brokers by going to the sellers directly through direct marketing.
James also discusses the thought process he went through before quitting his full-time job. He and his wife didn't just want to replace their income with cash flow, they wanted to 2X or 3X their income.
James is also the author of a soon-to-be released book for passive investors - "Passive Investing in Commercial Real Estate: An Insider's Secret to Financial Independence" which will be available on amazon.com
This is a great episode for anyone willing to think 'bigger' and take their financial destiny into their own hands. You can contact James through his website or email:
Kyle Zimpleman has a really great story to tell about his roller-coaster ride through the Great Recession - how he began investing in single & multifamily properties, why he got rid of them too soon, and the emotions he experienced during the ups and down's of the recessionary market cycle.
Today Kyle is the President & CEO of Expand Capital Group which purchases discounted mortgages throughout the U.S. On this episode Kyle is going to share his stories of the great investments he made in single and multifamily properties, and why he had to let them go during the Great Recession. What you'll find particularly interesting is Kyle's take on the emotions he encountered as he rode the market cycle, from Optimism to Euphoria as the market reached it's height, to Anxiety and Despondence as it crashed to it's lows. Kyle has been through all of it and come out much stronger as a result.
Kyle is also investing in performing and non-performing notes. We discuss the discounts he's finding on these mortgages and the ways he's profiting from them. Kyle explains how discounted mortgages work and shares stories from his conversations with home-owners who he's helped stay in their homes by renegotiating their mortgages.
Kyle has a lot of great experience to share and I know you're going to enjoy hearing his story. You can contact Kyle by email, phone or website:
Powell Chee bought his first Single Family Rental in Kansas City by using his Credit Cards to pay All Cash. His next purchase was a 40-Unit Multi-Family in Indianapolis, and Powell has been asset managing and improving this property while living and working in Los Angeles, California.
Today Powell and I have a fun conversation discussing the process he went through to find, fund, and improve these investments, and the mistakes he's made along the way. Powell will share his thoughts on the importance of using financial analysis software, budgeting enough money for improvements, finding out-of-state properties, and doing it all while working a full-time job.
Powell also hosts one of the largest multifamily meetup groups in Los Angeles - "Out-of-State Multifamily Apartment Investors Meetup" - and he's going to share how building this network has improved his fund-raising capabilities and created new opportunities. We also discuss Powell's daily routines, including the benefits he's enjoyed from doing Hal Elrod's "Miracle Morning".
I know you're going to enjoy this episode. Powell has a lot of interesting experiences & wisdom to share. You can contact Powell through his website or email: