Like Minded Investors Real Estate Podcast

This week's episode Kier and Bill are going back to basics to explain some real estate terms for the listeners to help them better understand the key terms you should know as a real estate investor. This is the first episode of a series called "Back to Basics". In the inaugural episode of this series, we touch on some basic types of homes for a rookie investor, Debt-to-Income (DTI), Cash Out Refinancing, HELOC's, House Hacking, BRRRR's, Return on Investment (ROI), Cash-on-Cash Return (CoC), and different mortgage offerings, including FHA and Conventional. This is a must-listen, must-watch take notes episode! FHA Requirements Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

In a Like Minded Investors first, we have not one, but TWO previous guests returning to tell a story of their friendship and how it helped save a deal. Travis (Episode #12) purchased a multi-family property and had contractor issues. Travis had a relationship with Steve (Episode #11) and reached out to Steve to help save the deal. You don't want to miss this episode! It paints a unique picture of connections and the dynamic between investor and contractor. Don't forget to give our guests a follow on their social media! Steve: Instagram (@done_right_home_solutions) or Facebook Travis: Instagram (@travishill1310) Travis Hill is an active duty Marine stationed in California. His investing journey started 20 years ago while living in Las Vegas. After joining the Marine Corps, the Great Recession eliminated his portfolio. He started investing again in 2018, with the intent of retiring from the Marine Corps not having a W-2 job. His goal is to become financially free from cash flowing RE. He looks to acquire cash flowing properties in both the residential and commercial space. He enjoys connecting others and sharing his knowledge with those looking to start their investing journey. Steve is a 46 year old who has been been investing “this time” for about 5 years. His investing style is long-term buy and hold rentals, focusing on both multi-families and single family homes. Steve also owns a contracting company, Done Right Home Solutions. Steve is a big believer that the world revolves around the 3 C's - Communication, Contacts, and Confidence. Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

Travis Hill is an active duty Marine stationed in California. His investing journey started 20 years ago while living in Las Vegas. After joining the Marine Corps, the Great Recession eliminated his portfolio. He started investing again in 2018, with the intent of retiring from the Marine Corps not having a W-2 job. His goal is to become financially free from cash flowing RE. He looks to acquire cash flowing properties in both the residential and commercial space. He enjoys connecting others and sharing his knowledge with those looking to start their investing journey. In today's episode, we talk with Travis about his experiences during the Great Recession in 2008 that led to him having to short sell his portfolio and how he recovered and bounced back through syndications and smaller rental properties. Travis describes the differences between active and passive investing, how to find a syndication and work with them and even touches on residential assisted living units as the "silver tsunami" of baby boomers hitting that age is starting to occur. Don't forget to give Travis a follow on Instagram (@travishill1310). Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

Steve is a 46 year old who has been been investing “this time” for about 5 years. His investing style is long-term buy and hold rentals, focusing on both multi-families and single family homes. Steve also owns a contracting company, Done Right Home Solutions. Steve is a big believer that the world revolves around the 3 C's - Communication, Contacts, and Confidence. In today's episode, we dive deep with Steve into goal setting, physical and mental health helping investing, and get into some deals Steve has done. You can hear about his 5-50-50 goal, a funny Home Depot story, and how Steve bought a house in Cleveland for $10,000 and received a letter and gift card from the seller as a huge thank you! Steve is a wealth of knowledge and you don't want to miss out! Don't forget to give Steve a follow on Instagram (@done_right_home_solutions) or Facebook Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

This week's guest is Soli (@lattes.and.leases) and she is here to talk out of state investing, partnerships, and private money! Soli is a 23 year old out of state investor living in the Bay Area and investing in Cincinnati, OH. In the last year and a half, she's acquired 23 units, comprised of single family, multifamily, buy & holds, and fix & flips. Her portfolio has grown exponentially through the use of partnerships and private money. She is currently working on systems and processes to continue to scale her portfolio. Her 2022 goal is to flip 1 house/month and reach a total buy & hold unit count of 50. She aims to get to $20k/month of passive income through real estate in the next 3 years. This episode gives a great lens into how to exponentially grow your portfolio and scale by not doing it alone. Soli dives into who she has on her team, how she found her market, her partner, and her private lenders! We also touch on mindset yet again! Don't forget to give Soli a follow on IG or check out her website: http://lattesandleases.com/ Soli's Private Money Presentation Template Books Mentioned: Traction by Gino Wickman Exit Rich by Michelle Seiler Tucker Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

This week's guest is Zasha Smith (@investwithzasha) and she is here from the beautiful island of Maui to discuss real estate! Zasha is a buy and hold investor who also flips homes and like Chris from episode 8, has quit her full-time job to pursue financial independence fully in real estate! This episode touches on many facets of investing in real estate including - Affordable Housing/Section 8, gap lending, and going door-to-door for deals. Zasha even explains how some of her rehabs can cost $200,000! Don't forget to follow Zasha on Instagram for her #MorningRoutineForSuccess and hilarious, creative, and helpful Reels! Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

This week's guest is Chris Brecheen (@cmbrecheen) and he is here to discuss his journey as a real estate investor. Chris has been in real estate for only 1 year and has accomplished so much already! Chris discusses wholesaling properties and his large goals for the remainder of the year and heading into next year. Chris went from working 100 hours a week in his corporate job to doing real estate full-time! We get down into the details of marketing campaigns, especially direct mail marketing and Chris even lays out what his postcards or letters typically say! He talks about getting on the phone, understanding why someone wants to sell their home, and expectations for success rates with mailers. This is an episode you're going to want to break out the pen and paper for! We gave Chris some homework and hope to chat with him again in January to check his progress! Chris's Website: https://sellto8pt.com Book: Miracle Morning by Hal Elrod Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

This week's guest is Sarah King (@nerdsguidetofi) here to discuss her journey as a real estate investor. Sarah's story is remarkable and she discusses how she acquired 5 properties with her now ex-husband, sold them off, and has hit the reset button in life and as a real estate entrepreneur and investor. In the FIRE community, Sarah found that there weren't many blogs or discussions around divorce despite it being a fairly common occurrence and a life-altering event with large financial and time commitments for a period and wanted to put her journey out there for folks. We discuss how becoming a Dave Ramsey disciple can be boring, partnerships, how a "small but mighty" portfolio can be enough, and even discussed some heavier topics regarding divorce, gaslighting, and narcissism. Sarah's Website: https://www.nerdsguidetofi.com/ Sarah's Podcast: https://anchor.fm/nerdsguidetofi/support Given some of the heavier topics in the episode, we thought it would be a great idea to not only link some of the Instagram accounts and books Sarah recommended, but also put the definitions of gaslighting and narcissistic personality disorder below. Gaslighting: manipulating someone by psychological means into questioning their own sanity. Narcissistic Personality Disorder: a mental condition in which people have an inflated sense of their own importance, a deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others. Resources @ConsideringDivorce @LizCarrol_TheLifeCoach @MelanieToniaEvans @MyExIsANarcissistAndIMadeItOut @AllergicToToxic @NarcissistApocalypse Codependency No More by Melanie Beattie Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

Co-Hosts Kier Vogt and Bill McKee take time this week to help new investors overcome the 5 major fears they may have to start investing. They explain how they have overcome those fears or are still working through them. The 5 fears are: Analysis Paralysis - Over-Analyzing and fear of starting Estimating Rehab Costs Setting Up Systems & Processes Estimating After Repair Value (ARV) Over-Estimating Rental Prices in Your Market There are also some amazing tips and tricks to help you. Kier gives some really great tips on identifying an old roof! Section 8 Rental Numbers Questions for the Audience: For people who are already investing what % they allocate of their rent for CapEx, Maintenance, Vacancy, and Property Management in their analysis? Do you like/want more Kier and Bill solo episodes? What topics would you like to hear them cover? Be sure to check out our ARV Calculator on our store likemindedinvestors.co/store! Listeners will get 50% off the spreadsheet by using promo code FEAR at checkout! Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

Co-Host Kier Vogt takes her turn in the hot seat sitting down with Bill to discuss her journey as a real estate investor. Kier and Bill discuss her journey from her first corporate job in the industry, to flips, BRRRRs, and House Hacks. They also discuss Kier refinancing a property 3 times and how it was used to purchase two additional properties. Kier also describes Variable Rate loans, mindset shifts, and starting Like Minded Investors! Kier's Blog: www.thestonehead.com Kier's Mindset Coach: Karil Stohlman Auction Sites HUDHomeStore Hubzu Xome Auction.com Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

The Like Minded Investors Co-Hosts lawyer up this week with real estate entrepreneur and lawyer Bonnie Galam. In this episode, we learn how Bonnie and her husband own and manage 120+ units themselves and share some insights into how they do so in student housing! Bonnie also discusses her law firm, asset protection, and hiring lawyers for their minds, not templates. Bonnie also touches upon the unprecedented COVID-19 eviction moratorium. This episode was jam-packed with knowledge and insights from another great guest! Follow Bonnie on Instagram Bonnie's Website Landlord Law School Also support Bonnie's podcast, Good Bones Real Estate Podcast on iTunes or Spotify! Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

Co-Host Bill McKee takes his turn in the hot seat sitting down with Kier to discuss his journey to his first live-in flip. Kier and Bill discuss his journey from buying a house in Philadelphia and automatically thinking it would be a great rental just by purchasing it to how he found and is funding his first live-in flip. They also talk about DIY vs. outsourcing projects, what waiving an appraisal may mean for a buyer, exit strategies, plans for the future and the potential for Bill to be homeless after this flip! Tune in to hear it all! Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube! Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

Self proclaimed Dave Ramsey drop out Mindy Templeton is this week's guest on the Like Minded Investors Podcast!! In this episode, Mindy chats about how paying off debt is like dieting... how she was able to get comfortable with risk and she touches on the idea of "shiny object syndrome" and why it might be good for investors to embrace! Listen to this and so much more Mindy has to share on her growth as an investor! Mindy can be found on Instagram @investinginyourwealth Don't forget to follow us at @likemindedinvestors and our co-hosts @realestate.kier & @billyinvestsphilly Don't forget to Subscribe, Rate, and Review!!

Lauren and Kyle Clugston are the dynamic duo who kicked off the Rookie Real Estate Podcast and now they're kicking off the Like Minded Investors Real Estate Podcast!! In this amazing episode Lauren and Kyle discuss what it's like working with your spouse, how they've used their primary residences to invest in real estate and how they've funded their deals along the way. From conventional mortgages to private money they break it all down! Don't forget to follow us at @likemindedinvestors and our co-hosts @realestate.kier & @billyinvestsphilly Don't forget to Subscribe, Rate, and Review!!

Like Minded Investors is bringing a podcast to you to help with all things real estate!