Hello and welcome to episode #300! This is a big number for us here on the Rental Property Owner and Real Estate Investor Show, and I want to thank all of you for being such an incredible and receptive audience.
To celebrate, I thought we’d invite back two early guests, so we can check in with them to see how their investing has progressed over the years, and how joining professional organizations like the RPOA have catapulted their investing strategies into new and more lucrative asset classes.
When we first talked with Jeremy and Melanie Garcia on episode #125, they were just getting started through house-hacking, flipping, and rehabbing in Muskegon, Michigan. That was three years ago, and they now have bought and sold over 65 properties, quit their full-time jobs, and entered into the Airbnb space.
Today we’re going to discuss the lessons they’ve learned in scaling their flipping business, why they’ve only worked with hard-money lenders, the aggressive paydown strategies they have to achieve passive cashflow, wraparound mortgages and reverse-engineering their business to achieve the lifestyle they dream of.
We’ll also discuss the multifamily property they recently acquired and the number one thing they did to boost net operating income, as well as their Airbnb strategy and how they differentiate their properties from other short-term rentals.
I know you’re going to enjoy this conversation with Jeremy and Melanie, and gain some tips on how to accelerate your investing business. You can find out more about them through their website: www.staymuskegon.com and find out more about the Short Term Rental Association at: https://www.shorttermrentalassoc.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
Today we’re going to talk about one of my favorite topics – demographics. Specifically, how Generation Z is going to amplify the trends that millennials have already established, such as delaying marriage and living with their friends into their 30’s.
It pays to understand these trends and the disruption they create in the traditional rental housing market. Concepts such as Shared Housing and Coliving are being monetized by savvy investors who see this as a lasting and lucrative trend.
My guest today is one of those investors. Johnny Wolff has roots in Silicon Valley and is the CEO and Founder of HomeRoom Coliving, which is one of the fastest growing coliving companies in the United States.
Today Johnny is going to compare and contrast the Millenial and Gen Z demographics and explain the minimum and maximum technology and services they expect to encounter when renting. Johnny will share the app he uses to create 3D tours, floor plans and dimensions of his properties, and the way he conducts his virtual tours and video interviews.
We’ll also talk about the type of property that works well for coliving, and how Johnny maximizes the space by adding bedrooms in order to increase rent income per square foot.
If you’re looking for ways to add upside value to the traditional rental housing model, then you definitely want to hear how Johnny is increasing net income by over 30%. You can find out more about Johnny and HomeRoom Coliving through email: johnny@livehomeroom.com or website: https://livehomeroom.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.
My guest today is a successful entrepreneur and real estate investor who hosts the excellent podcast called “Street Smart Success”.
Roger Becker is also a great guy and is not afraid to share the ups & downs of the deals he’s done, which include single family, commercial properties, and a rent-controlled multifamily in San Francisco.
Today Roger goes where very few investors care to travel --- he’ll be sharing some of the more painful investments he made and the lessons he learned from them. He’ll discuss the duplex he house hacked and how he was barely able to pay the mortgage each month. We’ll also talk about the 100% loss he experienced on a commercial office and retail property when he partnered with someone that seemed to know what they were doing but didn’t.
Roger will also go into detail on the 5-unit Rent Controlled Multifamily he acquired in San Francisco, and why he had to sell it when he realized that the tenants would never move out and allow him to increase rents to market rate. We’ll also discuss the difficult decision he faced to condo-ize the building, and how the next investor he sold it to did just that and faced the wrath of the neighbors, city, and media.
I know you’re going to enjoy listening to Roger’s stories and learning from his sometimes painful experiences. You can contract Roger through email: roger@streetsmartsuccess.com
And be sure to check out his excellent podcast “Street Smart Success”.
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.
Across the United States, Security Deposits tie up over $45 Billion dollars a year in non-interest-bearing accounts, and neither the landlord or the renter benefits from these funds while they’re just sitting there. The security deposit is meant to protect the landlord from any damages caused by the renter, but often when it comes to serious damage the landlord will have to take the tenant to court to get paid and often does not recoup the time, money and effort that this process requires.
There is an alternative to security deposits that some states are just beginning to recognize as legal. The concept of Security Deposit Insurance has been gaining momentum over the past several years, and my guest today is going to explain how it works to the landlord and renter’s benefit.
Paraag Sarva is the co-founder of Rhino, the leading security deposit insurance provider in the U.S. and he’s spent 10 years as a landlord in the New York metro area with over 250 units.
Today we’re going to discuss the disruptive nature of Security Deposit Insurance, how it works, the costs and benefits, and whether or not you or your property manager can provide this at your properties.
You can contact Paraag and find out more about Rhino Security Deposit Insurance by going to https://www.sayrhino.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.
In order to understand how to structure an investment opportunity for your potential investors, you need to be clear on how the cash flow and profit will be distributed. This is called a Waterfall, and there always seems to be quite a bit of confusion as to what that actually means and how to convey it.
My friend Paul Moore recently wrote an in-depth article on Commercial Real Estate Waterfalls and I immediately contacted him to see if he’d share this valuable information with our listeners.
You may have heard Paul previously on this show talking about both apartment investing and self-storage. He is the Founder and Managing Partner of Wellings Capital and has completed over 85 real estate investments and exits.
Today Paul discusses the meaning of Preferred Return, Cash-On-Cash Return, Cumulative Return, and Internal Rate of Return v.s. Annualized Return. We discuss different deal structures and whether or not the sponsor/General Partner should receive a ‘Catch-up’. These are all terms you need to understand and carefully consider when structuring your deals, and they can make a big difference in the profit you and your investors receive.
Paul shares a lot of wisdom in this episode and you’ll definitely benefit from understanding these terms no matter what type of investor you happen to be. You can find out more about Paul and access his report on waterfalls through his website: https://www.wellingscapital.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
My guest today believes that the Best Time to Buy Real Estate was 20 Years ago, but the next best time is NOW.
Joe DiSanto built a multi-million-dollar post-production company, produced critically acclaimed films and Emmy-winning TV show, all while investing millions of dollars in real estate. Joe semi-retired at the age of 43, and now he’s sharing his lifetime of fiscal know-how through his company Play Louder, which helps people increase their net worth and strategize their plan for the future.
Today Joe shares the process he went through to acquire and build out two separate commercial office conversion projects for his company’s use. He utilized an SBA loan that he acquired through Lehman Brothers just before they collapsed at the start of the Great Recession. He also talks about the General Contractor challenges he had on his second property and the huge cost overruns that he had to mitigate himself.
Along the way we’ll discuss hydraulic car stackers that helped him add 4,500 sq. ft. to his office space, the two Emmy’s he won, and the HBO documentary series he produced with Dave Grohl from Nirvana and the Foo Fighters.
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.
One of the most lucrative ways to invest in real estate is to find an underperforming, tired multifamily property and bring it back to life through better management, renovations, and capital improvements. I’ve done this myself many times and have added exponential value to the property and investment.
My guest today is going to share with us the five most important steps you must follow when renovating a multifamily apartment property. He’s also going to tell you what to look for in an investment sponsor if you’d prefer to invest passively in these types of opportunities.
Ken Gee is the founder and managing partner of KRI Partners and the KRI group of companies. He has over 24 years of real estate, banking, private equity transaction, and principal investing experience. He’s also been involved with transactions valued at over $2 Billion dollars.
Today Ken’s going to take us through the five most important steps his team takes when acquiring and improving a multifamily apartment project, the importance of understanding the market you’re investing in, the amenities he likes to add, and why you should wait at least 30 days before beginning any improvements.
We’ll also discuss the three things you should look for in a sponsor you might invest with passively, including their track record and the way they prioritize their investors.
Ken shares a lot of valuable information and experience in today’s conversation. You can find out more about Ken by reading his free ebook at https://www.kripartners.com/ebook/ or email at kgee@kripartners.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.
If you’re in the business of syndication and raising money from high-net worth investors, it’s good to know where to find your ideal investor. One of the worst-kept secrets is that doctors and dentists fall into this category, and you need to know how best to approach them with your opportunities.
My guest today is a Neurosurgeon out of Houston, Texas who just released a book called “Prescribing Real Estate: A Doctor’s Guide to Commercial Real Estate”
Masaki Oishi is a Medical Doctor, and Ph.D and the founder of MarketSpace Capital who specializes in introducing medical professionals to the commercial real estate investment world.
Today, Masaki is going to help us understand the mindset of a busy medical professional and how he applies transparency and data to get them excited about his opportunities. We’ll also discuss the types of commercial assets he acquires and the typical returns he targets.
You can contact Masaki through www.marketspacecapital.com or social media.
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.
Is the United States the best place to invest in Real Estate? What if you want to find opportunities in other countries? Is that even possible?
What about investors from other countries who want to invest in the United States? What are their options?
My guest today helps her clients overcome obstacles and navigate businesses and investments across borders so that they can invest, live, work and play – anywhere.
Lauren Cohen is also a serial entrepreneur, International Lawyer, Realtor, and Cross-Border Expert. Today she’s going to illuminate the process and considerations you must be aware of when investing across borders. We’ll discuss some of the popular countries where many of her clients are investing, and the tax and entity considerations international investors should familiarize themselves with. Lauren makes it clear that it is worth investing in an attorney, CPA, and advisors who can help you make the right decisions that won’t come back to haunt you later on.
You can find out more about Lauren through her podcast “Investing Across Borders” and contact her through email: founder@ecouncilglobal.com.
And here is the code & link to her free e-book “Real Estate Investing Across Borders:
http://bit.ly/REAcrossBorders
Coupon code: REI4FREE
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.
When my guest today first moved to the United States, he did not yet know how to speak English. When he received his degree in Pharmacy, he ended up leaving a secure job to become an entrepreneur. And when he began building his Multi-Million Dollar Rental Portfolio, he started with only $8 Thousand Dollars.
Since then, Ketan Patel has raised over $10 Million for multifamily syndication, grown a senior care business by a factor of three in just two years, and is a successful High-Performance Coach who helps motivated real estate entrepreneurs create more income and impact by aligning their thoughts, emotions and actions.
Today Ketan and I Role-Play the conversations he might typically have with a high-net worth but overworked Doctor. You’ll see first-hand the persuasion and influence techniques Ketan employs to educate me on the concept of real estate investing, the risk-reward of real estate, building rapport, and getting to the close. You’ll also learn the key questions Ketan asks a high-net worth investor in order to understand their goals and dreams.
All Real Estate Investing involves some degree of salesmanship and the need to understand persuasion and influence. The better you understand this, the more successful you’ll be in the long-run. Ketan definitely brings this all to the forefront during today’s conversation.
You can find out more at www.ketanpatel.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.
My guest today started at the bottom during the Great Recession by knocking doors to find leads for his fix & flip business. Fast-forward to today and he controls and manages over $15 Million in real estate and is the co-owner & founder of KECO Capital based in Honolulu, Hawaii.
Cory Nemoto specializes in deal sourcing and valuations, acquisitions, financing, investor relations, and project management. Today we’re going to discuss his fix & flip investing, entrepreneurship, and how to be comfortable about being uncomfortable.
Cory is going to take us through his vertically integrated business structure where he has a team to find acquisition opportunities, fund them, rehab them, and either sell or manage them. Cory will take us through the in’s and out’s of financing and private lending and explain the purpose of a ‘Dutch’ loan.
Cory’s passion for real estate and entrepreneurism is very evident in this conversation and I know you’re going to enjoy what he has to share. You can find Cory on social media and through his website www.kecocapital.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.
Have you ever tried talking to your financial advisor about investing in Real Estate? What did they have to say? Did they bring up the risks and performance compared to investing in stocks, mutual funds, and bonds, or did they encourage you to invest in real estate and build passive income?
If you’re talking with a traditional mainstream financial advisor, it's more likely that they steered you away from real estate into a mutual fund or stock portfolio.
My guest today believes that traditional mainstream financial advice is BROKEN! And he should know, because he used to be a financial advisor and stock coach.
Chris Miles is now a Cash Flow Expert for Real Estate Investors and Anti-Financial Advisor. He uses his company Money Ripples to expose the popular myths around money that have kept so many real estate investors from enjoying financial freedom and peace of mind.
Today Chris and I discuss why your financial advisor is likely forbidden from endorsing investing in real estate, how you can free up cash flow and tap into equity to build your passive income, and how Infinite Banking can pay you Twice from your investment money.
I know you’ll benefit from the insight and wisdom Chris shares today. You can find out more about Chris by listening to his podcast “The Chris Miles Money Show” and through his website: https://moneyripples.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.
The mastery of Influence and Persuasion can be a powerful tool in negotiating with buyers and sellers. Today we’re going to discuss techniques that will help you achieve that mastery.
My guest today has 19 years of experience acquiring real estate below market value. He’s flipped over 1,000 Single and Multifamily Residences and has extensive experience in lease negotiation.
Todd Toback is also the creator of the “No Limits Sales System” which focuses on acquiring property directly from sellers while learning the mindset, skills, and habits to make it happen. His expertise is in teaching others the art of talking to motivated sellers in order to double and quadruple their profits by making a few small tweaks.
And through his coaching program “Next Level Wholesaling” he teaches solopreneurs how to build highly effective teams to create long-term wealth with less expenditure of their time.
Today we discuss Todd’s favorite and most effective techniques he applies in determining whether a seller is motivated, meeting their objections, and helping them arrive at an agreement. You’ll learn what a stealth mismatch is and how it can reveal your seller’s true motivations, as well as price conditioning and how it can help you negotiate a better price.
Todd shares some great techniques on persuasion and influence in today’s episode. You can find out more by listening to Todd’s “No Limits Real Estate Investing Podcast” or through his website: https://nolimitssalessystem.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.
I’ve been looking forward to our conversation with today’s guest because he’s one of the smartest people I know in the Multifamily and Property Management space.
JC Castillo has taken what he learned during his time in Silicon Valley and the semiconductor industry, and he’s applied that tech and data experience to his current business Multifamily Property Group which has grown to $80 Million in assets under management. He just rolled out his new property management company called Velo Residential. JC also hosts the excellent show called the “Operate For Profit Podcast”
Today we’re going to discuss the future of investment real estate and the emphasis property management is going to have on generating profits. JC is going to describe how he’s using Artificial Intelligence to keep his units full, and Virtual Team Members to handle much of the back-end office work. We’ll also dig into the importance of Key Performance Indexes and how they can show you the health of your investment or point out problems at a glance.
You’ll also learn why JC doesn’t spend money on paid advertising for any of his properties, and the key resource that helps him market his units and draw more traffic to his website than his competitors.
JC shares so much Gold in this episode. Anyone who manages their own properties or hires 3rd-party management will want to listen to this episode to hear JC’s cutting-edge ideas. You can find out more about JC and Velo Residential at www.operateforprofit.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.
Today we’re going to talk about the future of retirement and how real estate is an often overlooked vehicle for securing your financial future. Increasingly, pensions are being converted to 401(k)s which is shifting the retirement risk to employees. This has caused today’s guest to reconsider traditional beliefs about retirement savings.
Eric Martel lost a fortune during the dot-com crash of 2001 and started looking for alternative ways to earn passive income. He started various businesses including a gourmet sauce company, but eventually came back to his first love, real estate, which led him to form Martel Turnkey. After four years of rapid success, he was able to retire from his W2 job. Eric is also the author of the recent book called “Stop Trading Your Time For Money”.
Today we discuss Eric’s beginnings as a real estate investor when he purchased an apartment building at the age of 18. He quickly burned out on investing though because he was handling all of the property management and repairs. We’re also going to discuss what it means to have financial freedom, and the goal setting and actionable steps you can take to achieve it.
Eric will also share the turn-key model he’s developed investing in secondary cities with rehabbed houses costing (roughly) $100,000 that can be purchased with 20% down and cashflow $300 a month. We discuss the turnkey aspects of this type of investing, the power of leverage and depreciation, and the risks from tenants and property condition.
This is an important episode for anyone who’s paying attention to their potential retirement income, and will get you to start thinking about meeting your living expense by generating additional passive income. You can find out more about Eric on Instagram at E_Martel or facebook at Eric.Martel.ca, or https://marteleric.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
Today we’re going to get hyper-local and discuss the eviction protection program here in Kent County. No matter where you live and own rental property, there are programs like this all over the country that are helping residents who are struggling to pay their rents during the pandemic, as well as landlords who need to collect that rent in order to make sure their bills are being paid.
Gustavo Perez is the CERA Program Manager at United Way. CERA stands for Covid Emergency Rental Assistance Program and its receiving millions from the Government that need to be deployed right away to help renters and landlords.
Gustavo is going to help us understand this program and how our residents can gain access, the criteria for receiving the money, and how many months it will cover. We’ll also discuss some of the hesitancy that landlords have in accepting this agreement as well as the benefits from working with this program.
If you’re in Kent County, Michigan you can access this program by going to www.kentrenthelp.org
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
Mobile Home Park Investing has been a hot asset class over the past five years, and we’ve certainly talked about it on this show. But what kind of opportunities are really available to investors right now, and how has the increased competition from institutional buyers and effects of the pandemic affected the opportunities in this space?
My guest today is here to give us an update on the state of Mobile Home Park Investing. Brian Spear is a founder of Sunrise Capital Investors which specializes in acquiring deals in off-market, direct-to-owner transactions. He’s also the co-host of the Mobile Home Park Investing podcast.
Today Brian is going to share with us the trajectory that led him to investing in real estate, and the systems and tools he’s using to not only build a world-class mobile home park portfolio, but to manage it as well. You’ll learn the meaning of “Prep-ortunity”, and how Brian moved across the country to work with his mentor Kevin Bupp for free. We’ll also discuss some new investments he’s making in parking lots and parking garages, and why he finds this such an exciting asset class.
I know you’re going to enjoy this conversation with Brian and benefit from the knowledge he brings today. You can contact him through https://sunrisecapitalinvestors.com/funds/fund-iii/
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.
One of the reasons people never pull the trigger to invest in real estate is that they believe they won’t qualify for a loan. But what if there were a way to acquire property without ever stepping into a bank or passing a credit check?
Today’s guest bought his first 400 units using techniques that allowed him to sidestep the banks and work directly with the seller. He now has over $100 Million in assets under management and he’s sharing his secrets with us today.
Bill Ham is the author of “Creative Cash: The Complete Guide to Master Lease Options and Seller Financing for Investing in Real Estate”. Today, Bill is going to explain the Master Lease Option process and how he’s employed it in his investing to yield enormous profits. Bill will share his “SPY” process, which puts the Seller first, Property second, and then takes into account how You will Profit.
Bill also shares his outlook on the market and the looming distress he expects in certain sectors that will make Master Lease Options and Seller Financing important tools in your investor toolkit.
If you’re looking for creative ways to get deals done and reduce the amount of capital you need to employ to acquire new assets, then you’ll definitely enjoy this episode. You can contact Bill through his website at https://creativeapartmentdeals.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.
My guest today believes that Holding Forever is the best way to become Financially Free.
Jonathan Barr grew up in a real estate family and started investing after the Great Recession. He’s completed Higher-End Single Family Flips, Ground Up Developments, and Multi-Family Repositions with his brother through their company JB2 Investments.
Today we’re also going to talk about Fix & Flipping V.S. Multi-Family and Jonathan’s investment strategy that has generated over 22 Million in profits with an average yearly return of 38%. We’re also going to discuss the tax ramifications of both strategies, including cost segregation reports, depreciation, and the “Real Estate Professional” status.
Jonathan will also share details on the townhome development project he initiated in Los Angeles, and how it’s taken over five years to break ground. We’ll discuss the 1031 exchange he completed by selling a Los Angeles duplex in order to buy a 14-Unit in Kansas City, and another recent 1031 exchange where he acquired a 72-Unit during the Pandemic.
We cover a lot of ground in this episode, and I know you’re going to benefit from the experiences Jonathan has had along the way. You can contact Jonathan on twitter: JB2Investments,
website: https://www.jb2investments.com
and ebook “The Tax Stack Strategy”, which is available for free at https://www.jb2investments.com/lower
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
My guest today has developed a program that is designed to increase rents by 3 to 5% without costing you a huge capital investment. He accomplishes this by optimizing your rental space.
Jim Monk is the President of CLOZZITS and believes space optimization is a game-changer for existing properties as well as new construction. Creating more space for residents is a bigger issue that most owners think, and Jim is here to tell us why.
Today we’re going to discuss the value proposition of maximizing your closet space, what potential residents look for when assessing unit storage, the types of systems that work best, the preferred lighting for your space, and the ways our “do-it-yourself” listeners can maximize space on their own. We’ll also discuss the costs and ROI generated by installing these systems, as well as the tax benefits and strategies to pay for them.
Talking about closet space may not seem like the sexiest topic, but I guarantee you’ll find what Jim has to say eye opening and thought provoking. You can find out more about Jim and CLOZZITS through their website: https://clozzits.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.
What I admire about today’s guest is that she is extremely strategic in her approach to real estate investing, fearless in the type of projects she takes on, and creative in the way she structures her deals and works with her clients.
Allison Koetsier is also a Top-Selling and Award-Winning Multi-Family broker with Compass Realty Services and a previous guest on this show. Today we discuss why it's important to have a clear investment strategy & goal, the biggest mistake she sees first-time investors make, and why you need to build a great team. We also discuss Exit Strategy and taking a holistic view of your portfolio to position it for your heirs and Legacy Wealth.
Allison also goes into detail on a 48-unit in Southern Michigan that everyone told her not to buy, and why she did it anyway and made an Infinite Return. We’ll discuss why she was able to make such great returns in a tertiary market by spending $10,000 a door in improvements, and the factors that convinced her this was a project worth pursuing.
We’ll also talk about the conversations Allison is having with her clients in this incredibly hot market, as well as her advice to still turn a profit when pricing is so competitive. We’ll also talk about her Father, Tom Koetsier, who passed away recently, and the impact his advice had on her future as well as his importance to the Rental Property Owners Association.
I know you’re going to love this conversation with Allison, and there’s a lot of great advice and investing wisdom packed into this episode. You can contact Allison through her website: https://www.teamkoetsier.com
or email: akoetsier@compass101.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.
When you look at all of the disruption, vacancies, and permanent closures in the office, hospitality, and retail space, it’s clear that we need to start thinking differently about Adaptive Reuse of these buildings. And since one of the greatest needs we have in this country is for middle-income housing, I believe we’re going to see a lot more conversion projects designed to expand our middle-income housing inventory.
Recently I saw an article in Costar News about a permanently closed Ramada Inn located in Sheffield, Alabama that was being converted into apartments for middle income workers. I thought this would be a great topic to discuss on the show, so I contacted the developer, Richard Rubin with Los Angeles-based firm Repvblik (pronounced “Republic”), and he agreed to a conversation.
Originally from South Africa, Richard brings a unique and creative perspective to obsolete and vacant buildings, as well as solutions for increasing inventory of workforce housing. Today he’s going to explain the need for workforce housing, the types of adaptive reuse projects he prefers, the economics of adaptive reuse, and how the government can help facilitate this type of project. We’ll also go into detail on the Ramada Inn conversion in Alabama.
It pays to think differently from everyone else when it comes to real estate investing and development. I know you’re going to benefit from hearing Richard’s perspective. You can contact Richard through email: richard@therepvblik.com or on linkedin.
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.
My guest today is a second-generation builder who jumped into Fix and Flips after serving in the U.S. Navy “Seabees” battalion. Since then, he has amassed a real estate empire consisting of single family homes, Multi-family apartment buildings and Self-Storage.
Joe Evangelisti is also a High-Performance Coach for real estate investors and entrepreneurs and serves as the Visionary and CEO to three separate 7 and 8 figure companies. Today we’re going to talk about what it means to become a high performance real estate investor and learn the Five Roads to Victory that Joe teaches his clients and team members.
Joe is going to break down for us, step-by-step, how he left the time consuming and anxiety producing lifestyle that had him Fix & Flipping hundreds of properties a year while also selling real estate. He was able to transition to a much more manageable and profitable lifestyle that allows him to control multiple teams at a higher level.
I know you’re going to enjoy this conversation with Joe, and likely will benefit from his advice to real estate investors who are looking to cross over to the next level of performance. You can contact Joe through his website or facebook:
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.
We’ve talked about 1031 exchanges on this show before, and today we’re going to go into more detail on how real estate investors can use this and other tools to legally defer taxes on profits.
Brandon Bruckman is an Advisor with Insight Real Estate Partners which helps real estate investors, farmers and business owners sell and reinvest their profits, while legally avoiding taxes through 1031 exchanges, Delaware Statutory Trust, Tenant-In-Common, Opportunity Zone Funds, Triple Net Lease and private real estate deals for passive investors.
Brandon is also an RPOA member and teaches our course on 1031 Exchanges.
If you’re considering selling an investment property or business you definitely want to listen to Brandon’s breakdown of your options. We’ll discuss the reasons why you might consider a DST, TIC, OZ, NNN, and why they might not work for your situation. Brandon also explains how Insight Real Estate Partners can hold your hand through the process and give you options you might not be aware of.
You can contact Brandon through his website: https://www.insight1031.com
or email: brandon@insight1031.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
My guest today is known to the world as “the Canadian Note Guy”. After running several businesses including Fix & Flip Real Estate, he discovered notes in 2009 and has since become an industry leader in the private investment sector.
His company is Earnest Inc, where he actively manages assets with a focus on non-performing 1st lien mortgages and contract for deeds in the U.S.
Nathan’s specialties include raising private capital, analyzing assets, and developing systems and strategies to accommodate an ever-changing market. He’s successfully bought and sold hundreds of loans and properties.
Today Nathan is going to introduce us to the note investing world, explain the differences between a qualifying mortgage, contract for deed, and land contract, and walk us through the math on how to analyze the returns on a note and the data points an investor must know to be successful.
Nathan also shares some great stories of his successes and challenges, including a buckling basement that caused a buyer to back out of one of his deals. You can contact Nathan by email: nathan@canadiannoteguy.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