The real estate investment world is filled with late night infomericals, free seminars hosted by Reality TV show stars that lead to weekend boot camps and eventually empty wallets. The Investor Empowerment Radio Show was created as the host's outlet to pr
So this week's 5 MIN FRIDAY is A QUICK ROUND-UP of 2 incredible real estate networking opportunities on the immediate horizon. First is the Midwest Real Estate Networking Summit which is NEXT FRIDAY AND SATURDAY May 11th and May12th, 2018, beginning at 7am both days. Grab more info and buy tickets here: https://www.eventbrite.com/e/midwest-real-estate-networking-summit-tickets-42154497236?ref=ebtnebtckt The other is the INFAMOUS IMN Single Family Rental Forum EAST Conference taking place in beautiful South Beach Miami on May 21-23rd 2018. We have all heard me blab about how important networking is, and how it can MAKE YOU MORE MONEY hand over FIST every year if you just....Show...Up... https://www.imn.org/real-estate/conference/Single-Family-Rental-Investment-East-2018/Agenda.html I will be at both events, connect with me if you are going: joe@tanisgroupllc.com Happy Investing!!!
PART 1 of the REAL ESTATE ROCKSTAR SERIES will feature BILL POWERS of RTO Properties. Bill Powers is a Lake County, IL based investor and also on the Executive Board of the Lake County Property Investors Association. -225 Rental Properties in his Portfolio -40 Fix and Flips Completed -9 Flips CURRENTLY in Process -7 Rentals CURRENTLY in Process -Rent to Own Strategies -Managing Contractors and Costs -Finding Opportunities in this market Bill is a REAL ESTATE ROCKSTAR who's FAN-CLUB you need to JOIN RIGHT AWAY if you want to HEAR more about bringing your Real Estate Investment Business to the NEXT LEVEL in 2018!!! Hear Bill Powers on the following Podcasts: http://investorempowermentradio.libsyn.com/ies28-bill-powers#l4rPVLkgyguOqUwX.03 https://www.biggerpockets.com/renewsblog/2016/07/28/bp-podcast-185-rent-to-own-increase-cash-flow-maximize-equity-bill-powers/
JV means Joint Venture. A Joint Venture deal is basically another way for saying "1 Time Partnership" or "1 Deal Partnership" specific to a transaction or property or group of properties. Not a business like an LLC, but 2 separate individuals or entities coming together to consummate a successful deal or transaction. On Today's 5 Min Friday we cover the Points of Success to a Working a JV Deal... Do YOUR Homework in Advance (Markets/Comps/ARVs) Know Your S%&* or Know Someone Who Does Utilize Existing Relationships to Create Success (External Business Partners i.e. Brokers, Lenders, Appraisers, Inspectors Don't Re-invent the Wheel-Use Bread and Butter, keep the Jelly to the side Make Sure the Numbers Work! Fill the Void Your JV Partner Needs That's it.. Listen to ALL our episodes for Super tidbits like this on achieving real estate investing success in ANY Market! joe@tanisgroupllc.com
Today's Guest Damion Lupo is a serial entrepreneur who's mission to free you from your financial shackles will change your though process! Damion Lupo is the founder of Total Control Financial, an alternative investment platform devoted to disrupting the typical IRA model and offering investment opportunities that give control to the individual and take out of the hands of Wall Street. He is no stranger to business development with 40 businesses under his belt. Damion has gained and lost and regained his fortune multiple times, and leveraged his experience into an 8 figure real estate investment business. Today he helps fellow entrepreneurs and small business owners to do that as well. From a College Bookstore owner out of his dorm room to a multimillionaire in his early 20's owning a portfolio he personally grew to 150 houses before the crash... And then a MAJOR reset on his outlook in life, business, values, and mission for existence. Today's powerful show will knock the socks off your real estate investor mind on multiple levels as we discuss: The QRP and Checkbook Control allowing you to own your own precious metals and hold them in your hand-- legally The Chinese Yuan and the next Global Power Move www.goldadvisor.com Determining your core values and your Mission in life www.blackbeltwealth.academy www.Damionlupo.com "Principles" by Ray Daleo Another episode you CAN NOT Miss from the Investor Empowerment Series Radio Show!!!
Whether you're just started out or have been in business, today's 5 Min Friday focuses on the KISS Method "Keep It Simple Stupid." No need to over-complicate the simple by purchasing expensive software programs, book keeping systems, etc etc when perhaps just a pen and paper or an Excel Spreadsheet will do the trick to get started. Today's message is about crawling before you walk, and wading in the water before diving, as you can ALWAYS complicate the situation if needed. Rate us on iTunes, Stitcher, Youtube
This is a LIVE presentation from the 2/27/18 Meetup where we dissect the ACTUAL OFF-MARKET PROPERTY CASH DEAL CONTRACT WE USE in ALL OUR Property Acquisitions!!! Here is the Link to the Contract: https://www.dropbox.com/s/qcj0r9fqoniyob0/Cash%20Offer%202017%20ITS%20PDF.pdf?dl=0 Follow along and check out what The Investor Empowerment Series Meetup is ALL About!! Awesome Episode-- Volume may need to be turned up!
On Today's 5 Minute Friday-- We dig into the current state of the market from my investor brain perspective and what you need to look out for and gain from and how to do it. To Sheriff Sale or NOT to Sheriff Sale... Listen in for what's really going on at our Judicial Sale and Auction locations in Chicago. Be safe, Be Careful... and Most Importantly, Don't be Stupid!
What is House-Hacking? Essentially it's purchasing a multi-unit property as an owner occupant and renting out the additional units OR buying a property with the intent to flip it, moving in and renovating it yourself... Today's episode of the Investor Empowerment Series Radio Show is ALL about acquiring your FIRST investment property with ALMOST no money out of pocket... Sounds a bit goofy doesn't it? Like a late night info-mercial maybe? Well folks, this is the real deal, and the program we talk about that makes this opportunity possible is available in IL, but guess what, there are similar programs available all over the US, if you know who to talk to... Our guest on the show today is Chris Davis. Chris is an investor, flipper, real estate broker, and 3 time podcast guest on our show. He's achieved in 4 years what some investors hope to do in a lifetime. Point to hit home-- Anything is possible... Put your mind to it, surround yourself with the right people, and get out there and hustle and your dream can be yours. If you're interested in more information on the opportunities we discuss today either in Illinois or anywhere in the country please contact me directly at Joe@tanisgroupllc.com for more information!!! Invest On People! Links discussed: Meetup Group www.investor-empowerment-chicago.com Sign up today! Company page: www.tanisgroupllc.com
Scott Smith graduated from Albany Law School in 2012 and kicked off his career working in high stakes litigation. Scott has been investing in real estate for years and started developing strategies based on his own litigation experience. Scott invested in all types of asset classes including Single family rentals and multi family residential, commercial, notes, and more. The first property he purchased was a commercial property while in Law School. Scott has personally invested in over 10 different states, and has advised investors in almost every state in the United States. Royal Legal Solutions, founded by Scott, provides business, tax, and legal solutions geared exclusively for real estate investors. Scott spent 8-years deconstructing real estate investing and has developed strategies to protect assets from devastating lawsuits, maximize tax savings, and more. On today's show we get deep into the nitty-gritty of setting up bullet proof anonymity and asset protection strategies for your real estate investing business by using land trusts, Texas and Wyoming LLCs, and how to NOT lose your A** on a lawsuit. You can't afford to miss it! https://RoyalLegalSolutions.com/ (512) 757-3994 Scott@RoyalLegalSolutions.com
Joe Ziolkowski is an entrepreneur, real estate investor, and home inspector locally based in the Chicago area. Key word inserted here-- "Investor friendly" home inspector that can assist new and experienced investors alike in identifying potential issues when buying your next project. Joe offers a unique approach to working with real estate investors, being one himself, by having multi-tiered options for other investors when in need of an inspection. The "Investor Walk-Through Consultation" is an alternative option for investors that are just looking to hit the highlights of what to look out for on that next project. Joe and I discuss his start in the business, the Top 3 things to Look Out for when making your next investment, and advice for new investors just getting into real estate investing. You can reach Joe at www.ontargethomeinspection.com or via phone at 708-274-7279 A few mentions: The Code Check Complete Book available from Amazon here Sample Home Inspection Report here
Today's show is a quick review of some of the basics in finding OFF-Market Deals and Opportunities via low to NO-COST ways to search out your next flip, rental, or wholesale deal. Most investors spend thousands of dollars either in marketing or commission to gain control of the next 'deal.' Today we review a few ways to obtain the next 'golden nugget' of a deal for virtually free... Just TUNE it in!
Grit... Hustle... Drive... Staying Power... Strength... If you haven't sat down with 'yourself' to work on your 2018 GOALS, do it NOW!!! Start by listening to this episode. Joe Mueller TANIS Group LLC d/b/a TANIS Group Realty Investor Empowerment Series Radio Show Founder/Host Investor Empowerment Series Meetup Investor Title Services LLC Priority 1 Mortgage LLC
Hi Investors: Today's guest is a 26 year veteran of both the mortgage and banking market as well as a long term real estate investor. Bill Spallone, of Prime Lending, is full of facts on what the market has in store for us, some tactics for advantageous landlording, and key factors for financial assistance that can help you and your family plan of the future. Bill has ridden the wave of the real estate and mortgage market for longer than most of us have been investing... and brings a wealth of information to come with him. Bill and his company lend in ALL 50 states of the US, and have a huge amount of products to offer to investors and home buyers alike. Don't miss another phenomenal episode of the Investor Empowerment Series Radio Show... Show #72. To contact Bill directly please email: wspallone@primelending.com
There a quite a few online property auction platforms out there right now. Initially these websites were seen as potentially taboo, scary, and extremely risky to purchase actual properties from. Now, it's the mainstream... Hedgefunds with millions of dollars are bidding on properties daily. Sheriff sales are 'marketed' via auction.com to increase live auction attendance at the courthouse. Homes are bought by owner occupants and investors daily. Today's podcast is a LIVE account of an actual auction of a property on www.hubzu.com, one of the many platforms out there right now. We digest the fees, timing the bids, potential strategies, and ride the roller coaster of bidding via online auction for investment properties. If you are interested in bidding via online auction for properties, or have done it before, check out this podcast!
Man... You don't know what you don't know. Today's guest on the Investor Empowerment Series Radio Show is Al Willliamson. Al bought his first investment property 20 years ago when he first got married, by house-hacking a 3 unit. Fast forward 20 years later, and Al is KILLING IT on Airbnb, VRBO and the like with a MASSIVE short term rental business. He's got an 8 unit building, which he's got 60% rented out on short term corporate housing leases, and still a few traditional units that him and his family live off of. And now, he's on a mission to document how to grow your short term rental business to $10,000 a month income in 2 years or less, which you can find out more information about by listening to this podcast. Ever heard of Rental Arbitrage??? Man, you gotta hear about this... How about becoming an Airbnb Host and Landlord without actually owning the property?!! There are a BUNCH of tips and tricks about utilizing Airbnb to double your income on your rentals or at a min make an additional $1000 per month beyond what you're currently getting on a year long lease. Some websites we talk about: www.airdna.co www.airbnblandlord.com www.gsa.gov
Every investor goes into each deal with one guaranteed expectation at closing... The Price. Unless the condition of the property changes, i.e. damages or things getting removed prior to closing after you've seen it, your expectation is you're paying the price on the contract. Why is it that most investors don't pay much attention to the other costs that lead to a higher bottom line on the master statement? Well, we've got a way to save hundreds, if not thousands, of dollars per closing. Announcing Investors Title Services LLC. A company owned by Investors, For Investors. Our examples in this podcast show savings of thousands of dollars that YOU, as an investor, can benefit from due to the relationships we've established. Interested in learning more on how you can make substantially more money in 2018?? Check out the podcast. Interested in working with Investors Title Services LLC? Contact Joe and Dan at: joe@investorstitleservicesllc.com dan@investorstitleservicesllc.com Phone us 847-443-9676
Josh is a seasoned investor and real estate broker out of the Chicago area. He initially appeared on the podcast in episode #40-The Rights And Wrongs of Managing Your Flip Projects, Working with Joint Ventures and Tax Lien Investing... Check out that episode here On Today's Podcast we cover some of the many apps and tools that are out there for real estate investors to utilize to evaluate deals, find deals, and build their businesses. Josh evaluates dozens of deals per week utilizing these very resources to continue to grow his investing business: Real Estate Flip- Investing Software by Software Solutions LLC https://itunes.apple.com/us/app/real-estate-flip-investing-calculator/id495728895?mt=8 Deal Check https://dealcheck.io/ Karl's Mortgage Calculator https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 Mortgage Calculator by Quicken Loans https://itunes.apple.com/us/app/mortgage-calculator-by-quicken-loans/id498237834?mt=8 Homesnap https://www.homesnap.com/
WOW... Today's podcast is beyond awesome with special guest Fernando Angelucci of Titan Wealth Management on how to properly set up your business entity structuring for maximum asset protection benefit and minimum tax liability. Fernando is a go-getter. At 26 years old, he's built a massive portfolio of rental properties, self storage units, and wholesales dozens of properties per year to other investors in the Chicago area and beyond. When I met this youngin' a few years ago, he was explaining to me how he ran a multi-state operation in the midwest, and how his business was exploding. You can't miss this episode if you're looking to grow your investing business, set up your business structuring or have any interest in investing in the self storage industry. As promised, here's a link to the entity document Fernando made available especially for this show: Link to Entity Document
Episode #66 of the Investor Empowerment Series Radio Show dives deep into the numbers on a property I purchased at $12k back in 2008 and put $20k in rehab costs into. I rented this property for $1100 per month for about the last 9 years give or take. Sound like a great deal to you??? Maybe, Maybe NOT. Ghetto Deal or NO Deal, you decide... Listen up to hear all the juicy details on whether or not you think this investment was actually worth it or not. Tell me your opinion or quesitons- joe@tanisgroupllc.com
There are many opportunities to create thousands of dollars of savings in real estate investing, whether it be for 1 deal a year, or 10. Don't be reluctant to take advantage of the many money saving programs and opportunities available to the real estate investor even if it's just your first deal, or your last. These relationships, which my co-host Dan Clarton and I discuss at length in this podcast are readily available to you no matter how many projects you are involved in, have completed, or are planning to do. And it's our goal to assist you in connecting with the right people to do this successfully and more profitably for your real estate investing business. Join us at our next meetup on Nov. 14, 2017, at the offices of TANIS Group. Doors open at 630pm CST, there is a $10 charge at the door, pizza and refreshments provided to all attendees. If you can make it. Truth be told, we had an investor fly out from Denver to attend one of our meetings this year, which was AWESOME! Now I am not suggesting something of that magnitude, as once we host the meeting, we are going to record another episode covering what we talked about for our meetup! At this meeting we will reveal the "Big Secret" to saving thousands on your next real estate transaction, and how you can take advantage of it at no cost, membership fee, or financial involvement on your part whatsoever. RSVP HERE
My tenant's will fix up my rental for me at their own cost?!? Today's guest, Doug Kowalewski and I, hash over the different methods that investors can utilize to both acquire and rent out properties via lease option/lease-purchase. Whether you're seasoned or a 'newbie', this strategy can be beneficial on multiple levels. On this episode, Doug and I discuss real life examples of lease option situations where the tenant's purchased an option up front, fixed up the house, and provided an above average rental amount and return during the duration of the lease contract. We also discuss structuring the lease option contract for a successful relationship between the landlord and the tenant. If you've considered this method but are still on the fence about the opportunity and how to make it work for you, this episode is for you!
Gang- On today's rocking episode, we review the results of marketing last week's "Deal of the Day" and the outcome, and talk about the new opportunity we are currently providing ONLY to our prestigious network of podcast listeners, and our network meeting attendees. This $150000 opportunity in Palatine IL, an affluent suburb of Chicago in a great school district and a GREAT area has an ARV of $250000 and needs approximately $30000 worth of rehab work. Listen for all the juicy details!
Today's quickie episode is to market out to my podcast audience an opportunity in Lindenhurst, IL. This property was listed on the MLS, we received a Cash Offer as a wholetail deal, and in the process, the buyer asked about our willingness to seller finance the transaction. Well, let's just say things got a bit squirrely as we realized that the buyer potentially didn't have enough capital to close. But, that made us open our minds to the ability to seller finance this deal to our network of listeners, and benefit someone that we actually could connect with again in the future-- YOU. This property is a 3/2 with a detached 2 car garage, the house is on a crawl space, and the second bath is "roughed in" and needs to be finished. Listen up for all the juicy details! joe@tanisgroupllc.com if you are interested in learning more about this SELLER financed opportunity. Visit our meetup at www.investor-empowerment-chicago.com, stop by and say hi, have a beer, coffee, water or soda.
Last weekend I had a great experience at a seminar in Dallas in a new to me "mentoring" type group I am considering joining. While at the seminar I met some incredible investors doing deals as small as a few single family houses up to some that had just closed multi-hundred unit transactions this year. And even one investor I collaborated with that had built up his apartment unit portfolio to 1900 apartments in just a few years... AMAZING!!! Do you need to be born out of the gate with a golden spoon or do you think it's possible you can become the product of those you choose to surround yourself with and partner with? Check out this episode to learn more about private lending, Self-Directed IRA investing and approaching candidates by just being yourself, and surrounding yourself with the right network of people to lead to success!
Thanks for Supporting me in 60 AWESOME episodes... Today's podcast: Financing Options for Real Estate Investors! Options for buyers with bad credit and no money: Take over payments i.e. Subject2 Contract for deed (Installment land contract) Partnering with qualified person and contribute labor Lease option Credit repair in process Options for buyers with reasonable credit and little or no money: Consider all options above $100 down payment for HUD owned homes, repairs included if using 203k loan USDA no down payment mortgage VA mortgage IHDA down payment grant (Currently $9,000) Loan obtained from IRA 100% funding from companies like Pathway Financial Options for buyers with some money or assets and reasonable credit: Consider all options above Standard mortgage (This is the cheapest source of funds) Home equity line of credit Line of credit from bank or asset based lender Private equity Joint venture with other able investors Hard money Options for seasoned investors to accelerate objectives: Consider options above Crowd funding Commercial line of credit Self-managed real estate IRA Establish a capitalized corporate entity
On Today's SUPER AWESOME show we interview our guest Mark Faustrum, a newer investor getting his start about 1 year ago and already taking on 6 deals under his belt. Mark is still currently employed with a Full Time J-O-B working as an emergency dispatcher for police and fire departments in the suburbs of Chicago, jumped in headfirst, without any formal real estate investment education, and is on strong path to success. That's right, no bootcamps, BS, or billions spent making other people money. Mark "accidentally" fell into his first deal, a 2 flat owned by a co-worker's daughter, and after evaluating the numbers, realized that if he owned a few more like that one, he could potentially subsidize his income exponentially. This is a great episode for those wondering if it's possible, what it takes, and how to manage getting started in real estate investing while still employed for the "man." (Or "woman.") Mark started off buying his first deal with conventional financing, and since has utilized hard money, "delayed" financing, and cash. Another episode not to be missed
On this episode of the Investor Empowerment Series Radio show we cover something I titled "Finding Deals in Your Spare Time... If there is such a thing!" Point being, when you have a free minute, maybe on a lunch break, maybe at night after the kids go to bed, maybe when you wake up at 430am because you just read the book "Miracle Morning" by Hal Elrod, take some time dedicated to your real estate investing business. I find that spending just 10-20 minutes a day scouring the internet, MLS, web based auction platforms, etc. Often leads to increased familiarity with your local market and better understanding of "what" a deal looks like. When you're just browsing as you'll start to notice trends, up and down, of your local housing stock, which will assist you in determining on whether or not you should be making an offer on a property or getting access to inspect it. I review my experiences over the last week when I took approximately 1 hour of my "spare time" while my kids were playing in their room and discovered 3 potential deals, 2 of which I offered on that day sight unseen, and 1 that was accepted. Listen in to find out the details...
On today's podcast we review a wholesale deal that I am offering out to the listening public available in Elgin, Illinois. This deal has a profit potential of up to $50,000 depending on exit strategy. Tune in now to hear about the opportunity If you're not interested in buying a property in Elgin, IL, then stay tuned as there is a twist that may interest you and I'd consider checking out no matter what city you invest in. Rate me on iTunes and wherever else you can find me! Contact me via email at joe@tanisgroupllc.com
So, I was inspired to record this podcast off of an article I read by Brandon Turner on Bigger Pockets, entitled "16 Tips to Getting Your Offer Accepted." Thus the title of this podcast. Full credit for all the ideas/materials/copyright, etc given to the boys over at www.biggerpockets.com If you are struggling to get some of those offers accepted that your are hopefully continuing to follow up on, send out weekly, and low ball :)-- Check out this podcast which is based upon the article on Bigger Pockets of the same name. And if you're not on BP, you need to be, and it's free. Sign up today!
Today's guest on the Investor Empowerment Series Radio show is Jefferson Lilly of Park Street Partners. Jefferson and his business partner Brad have built a massive Mobile Home Park business totally 1540 pads in 19 different parks throughout the United States. Jefferson is a self-made millionaire, mobile home park investment expert, educator and industry consultant. Prior to Co-founding Park Street Partners in 2013, Jefferson spent 7 years investing his own capital, building his "unofficial" advisory board, owning and managing his own mobile home parks. On today's show we discuss how to retire in 10 years by getting starting with mobile home parks, sourcing new park deals, and managing parks for maximum efficiency utilizing technology to simplify the business processes. Thanks again for tuning in to another great episode!!
IES Radio #54 is ALL about our next meetup, in Algonquin, IL- THE REAL ESTATE INVESTOR SHARK TANK!!! (with a twist) Sign up here: www.investor-empowerment-chicago.com Tuesday, July 25, 2017 6:30 PM Hosted @ TANIS Group Realty 505 E Algonquin Rd, Algonquin, IL (edit map) Interested in dipping your toe in the real estate investor Shark Tank? Join us on Tuesday, July 25th at 630pm at the offices of TANIS Group Realty in Algonquin for our PREMIER Shark Tank Meeting. Are you looking for that missing piece in your investing business? • Need a new contractor? • Looking for Funding on your next deal? • Interested in partnering or joint venturing on a deal? • Have a deal to present to the group? • Selling a property? • Wholesaling a property? • Need a mailing list for off market deals? • Need a phone script? • Need an Attorney? • Need a Title Company contact? • Need a cash deal contract? • need list of web tools for real estate? • Need someone to explain a deal they did from beginning to end? • Need an insurance broker that understands real estate? • Need guidance on a specific situation or mentoring on a deal? The Shark Tank will begin promptly at 7pm, and is going to be a presentation style format for your "Ask," whether it be for a partner, funding, deal, etc. Please email jmueller@tanisgroupllc.com for the presentation worksheet template. 6:30 - 7:00 - Networking 7:00 - 8:00- "Shark Tank" Presentations 8:00 - 8:30 - Group Introductions 8:30 - ??? - Networking As always, our goal is to network, network, and network with complimentary refreshments provided. Thanks, Joe and Dan Sign up here: www.investor-empowerment-chicago.com
RE-POST!!! SORRY ABOUT LAST WEEK, The podcast got MESSED up big time and I sincerely apologize, CHECK IT OUT AGAIN Summer breezes, cotton candy, babies laughing and smiling—It's all so awesome isn't it? All the TV wannabes make it look picture perfect and easy don't they? Well, most things are never perfect, and anything with any value is typically never very easy… The real life of real estate investing isn't easy... It's never that simple and there are always complications that CAN and DO come up even on a simple purchase or sale of a property. This deal put us through the ringer, up and down and 15 rounds with the Mohammed Ali of real estate let's say. Here's a few takeaways: -Go with your gut, if it doesn't feel right, or your intuition is pushing you a different direction, strongly consider something may not be right. -Always get a 2nd opinion even on simple day to day processes when there's a potential change made to it—e.g. sending a wire without a title company -When you make a mistake, learn from it, grow from it, gain knowledge from it and GET BACK UP again jump back in the ring In Summary, we lost about $60000 on this deal, before we even bought the property if that makes sense! Hear the journey it took to get it back!! Listen now!
After 51 Episodes, I need be honest, this is the one you NEED to hear. If you've never listened to my show before, and you're serious about investing in real estate, this episode you need to pay close attention to. We interview a special guest, Rosario Terracciano, of ClickInvest.com and the system he's been working on, designing, and perfecting for years for his investor clients. Originally formulated as a software assist to help scrub the MLS for deals and opportunities available for hedge fund type buyers, it's been tweaked, beta-tested, field-tested and made available to any investor! Now this incredible system can be available to you. My team and I personally vetted out this software system. We let it do the dirty work, saving time, effort, and effectively making and saving more money. Clickinvest.com sends you projected ROI's on the investment opportunities, capital expenses based on your lending and acquisition situation, closing costs and even rehab estimates based on the condition of the home, photos, and data compiled over the last several years evaluating thousands of houses on the market. My "guinea pig" testing for your benefit has already found deals for my portfolio and my team is ready to jump into action to help you utilize it for yours. As with anything with any value, there is a monthly cost-- if there wasn't I'd be questioning how it could perform to the level it does and continue to improve. Use the code TANIS when you sign up and you get a special discount only offered to my listeners and clients. Go to www.TANISinvest.com, use the coupon code of "TANIS" and sign up!
Lots of questions and a bunch of confusion comes along with working with wholesalers, including even on my side AS the wholesaler. In this episode I update the audience on the outcome of the wholesale rental deal from IES49, and also we talk about what to expect when you're expecting to work with a wholesaler! Cash is KING!!!
Super Duper Educational episode with my buddy and partner Dan Clarton from Riverside Hope! -Dealing with multiple offer and highest and best offers on MLS Deals! -How much should you offer in a H&B situation??? -Why do investors NEED to get their hands dirty? -Where to find private money and how to structure it? -Expectations when you attend a meetup, and what our expectations are from you! And ALL the CHATTER in between in the special LIVE episode!!! Thanks again for supporting 50 Episodes!!! Joe Mueller
On today's episode we are going to take a very quick look at a currently opportunity I have available to any interested buyers out there looking to increase their holdings and build their rental property empire! Today's deal offers good returns, from 18-31% depending on your play on this one, in a great area of Elgin, IL. Within walking distance to multiple amenities including the train station. Though it's only a 2 bedroom, 1 bath, it's currently rented at $900 per month and a SAVVY investor would raise those rents to $1100 per month ASAP. Listen up and check out this deal of the day! If you are interested in viewing or buying the property, hit me up here: joe@tanisgroupllc.com
What goes into your decision about disposing of properties? Market-level dispositions Impact of the rising rate environment Dealing with re-trades Redeployment of capital Disposing occupied vs. vacant Friction cost vs. price of bulk vs. one-off Disposition fees Selling to an institution vs. retail Small portfolio exit choice evaluation metrics Impact of buying originally for appreciation; selling for cash flow What is changing about the local broker market that you need to know? RJ Palano Director of Acquisitions Buy Cash Flow Properties Doug Smith Portfolio Manager & COO Castle Rock Capital Management Joshua Swift SVP Investments Colony Starwood Homes Brittney Fairweather Director, Enterprise Sales & Business Development Investability Paul Yazbeck Executive Director SVN | Investment Sales Group Joe Mueller Head of Investment Acquisition TANIS Group LLC
Ever wonder how "Turnkey Investing" REALLY works? Well, let me briefly explain... Turnkey Rental companies offer you a product. Hopefully the work is completed, hopefully the tenant is vetted and actually pays, and hopefully the management company which is sometimes ALSO the "Turnkey" Company actually does a good job and collects rent and manages the property appropriately. The 'good' ones make this happen consistently and provide a nice, profitable, hands-off investment for their clients, aka you as the investor. You as a buyer don't know how much the turnkey company paid for the asset, how much work went into it cost-wise, you can't really have a good gauge of the quality of the work other than what you can see to the naked eye. And you don't know how much profit the turnkey provider ends up making in the end of your investment. Now comes Lee Smith from Spouses Buying Houses, which you can find at www.spousesbuyinghosues.com Lee offers full disclosure throughout this investment process, he provides all the same services that a turnkey provider offers, but you make all the decisions and you control the flow of the asset, from start to finish. Lee finds you the houses, you set the offering price. You get a full HD video of each asset you are interested in. Lee offers contractor bids on the project, you decide what you want to fix or not. The entire process is document in full 1080HD video, the work is quality control by Lee and his team, and the work gets done right through his large network of experienced contractors, AT THE BEST PRICE. Lee rents out and manages the properties for you. OR, you can control how much or how little Lee and his team handles for you. You want to swing the hammer? Go for it. You want to rent it out and manage yourself? Go for it. Full disclosure remote or local investor investing in one of the countries greatest markets. Hear about it on this awesome podcast!
This AWESOME episode is with one of my long term contractors, friends, and investor partners Tim Jastrab of TMJ Asset Services on his ability to HUNT, STALK, and KILL some of the very few UNICORN deals left in existence and make some killer profits on his fix and flip deals!!! I think the moral of the story is that making money in real estate investing all comes down to relationships. Know the right buyers, sellers, investors, contractors, partners, money people, brokers and unicorns! It's a people business!! Tim is a "newer" investor, originally kicking one fix and flips "A**" back before the crash of 2007, and now back at it again with 3 more under his belt in the last year and a half or so, making some clean killer profits. If you want to have a unicorn horn in mounted on your wall someday, you don't want to miss this episode!
So I give a lot of hype to this conference... Here's a second opinion of what another investor thinks as we chat on day 3 of the conference, which also happens to be the day we are packing up to go home. Meet Lee Smith, an Indianapolis investor and friend of mine, who owns and manages 150 units for himself and other investors. We discuss the state of the real estate market and where it's headed. Important information on what the "BIG" guys in our investment business are seeing. Where you should be looking to find your next deals, and where the "BIG" guys are not looking! What we've learned, where it's causing us to head, and what's next! Stay tuned, check it out, listen up on and rate me on iTunes, Stitcher, Google Play, YouTube, SoundCloud, WHATEVER YOU CAN!
So I found an opportunity just before leaving for the IMN conference that is a 6 house package deal in the Chicago suburbs. It's still available as of release of this podcast. The seller is offering to finance the deal for a 1 year term at 8% interest amortized over 30 years with a 1 year balloon on it. Let's review the numbers and go over some of the value add/exit strategies on it. Is it worth going after? Review the numbers with me and let me know what you think... If you're interested, call or email me @ joe@tanisgroupllc.com If you have questions or criticisms, let's hear them. Maybe YOU want it, maybe we can partner on it, maybe you can be the private lender on the deal.
Heading to the IMN Conference again this coming weekend, which runs from May 1st to May 3rd in beautiful South Beach Miami, Florida! We review what the conference is all about, what it offers, and my plan to podcast LIVE from the networking sessions. You can review, sign up to attend, and learn more about the Single Family Rental Forum East here: https://www.imn.org/real-estate/conference/The-5th-Annual-Single-Family-Rental-Investment-Forum-East/Agenda.html Also, I digress into what a "Sandwich" Lease Option is and how it's an example of a No Money Down type deal and how you may utilize it in starting out in your investment business. Lastly but definitely not least, my goal to form an "Upper-Level" Mastermind group based in the Chicago area. I've been thinking on this for 2 years, and as one of good friends tells me, when I mention something multiple times and keep talking about it for years, it generally comes to fruition. I am calling out to all investors interested in being a part of this high level mastermind, which will meet monthly, during business hours, at private locations throughout the Chicago area. The goal is to discuss partnership opportunities, dealing with challenges, working together to become even more financially successful in the future. If you or someone you know are interested, email me at joe@tanisgroupllc.com
Today's guest, Chad York, is a former Firefighter/Paramedic from the suburbs of Chicago. Chad got his investing beginnings working with his father on projects around the house, including a full addition as a kid. Eventually he began working for another Firefighter who was rehabbing houses in the local area, obtaining a better understanding of general contracting, gut rehabs, and fixing and flipping. Chad eventually started his own real estate investment business, BC Property Solutions, partnering with his father who's based in Indiana. So far Chad has successfully completed 3 VERY interesting deals that all ended up being solid money makers and all very unique situations. This is truly a podcast that discusses the SOLUTIONS that can be derived by overcoming the obstacles we all potentially face in the real estate investment business! Wholesaling, fix and flipping, real estate investing, flipping houses, planning, building a team, motivation, education, real estate investor, buy and hold, landlord, landlording, cashflow
Today's guest, Salma Bhatti, starting investing in real estate a few years ago after being inspired by her family's previous success with rental properties and watching other flippers succeed through various media sources. So far she's completed 5 flips in the Chicago area, with flip #6 currently under contract to sell to a retail buyer, and flip #7 still under construction due to the scope and size of the project. This episode focuses on getting started in investing, some of the challenges a new flipper can face in the real estate investing business, and ways to overcome them. Vision, inspiration, desire, and motivation is an important aspect to any business, and flipping houses is no different. If you are looking to get starting in real estate investing, this is an episode you don't want to miss as Salma's experiences are beneficial to hear for both the experienced and the inexperienced flipper.
Today's special guest is local Real Estate Investor and Broker Josh Brown. Josh has 10 years experience investing in the Chicago area, starting his own construction company after completing a degree in construction management and turning that into a successful construction company and real estate investment career. Josh is like most of us, starting small, and utilizing not only his formal education but also his personal skill set to purchase his first buy and hold property 10 years ago, which was a "stacked" 2 flat property in the 'burbs of Chicago. Realizing he could increase his career and earnings, as he continued to run his own construction company he began investing in Tax Liens in a few of the collar counties of Chicago earning on average over a 16% RETURN! Josh and I discuss the pros and cons of working with contractors, vetting the right partners, working within Joint Venture agreements, RIGHTs and WRONGs of getting these Flip projects completed in order to insure you've created a maximum profitable opportunity. A few show notes on this one: www.illinoistaxsale.com The Magic of Thinking Big 7 Habits of Highly Effective People Personality Plus The 16% Rule Tax Liens: The Total Process to Buying, Selling, and Assigning Tax Liens Another INFAMOUS Episode!!! Don't miss it!
Rich has looked at over 8000 houses, flipped 650 since beginning his investment career, and has a rental portfolio of 139 houses and still runs his HomeVestors Franchise…. Where did that lead him? Rich saw an opportunity and a need in the real estate investing market—Hard money lending with a personal spin. Today we are going to talk about his personal real estate investment business, the importance of working with brokers for proper analysis of your deals, and having the right people on your team, and his 10 million dollar lending business. We discuss getting "ready to get ready", understanding the process, doing your homework, working with contractors, borrowing from his company, RMAC Lending, and making the RIGHT improvements to expedite a sale when your rehab is finished. Terms covered include Hard Money Lending, a Scope of Work and it's importance, and working (or not) with Project Managers. Rich funds 100% of the purchase price, 100% of the rehab costs, and meets with each investor every other month at a minimum. No down payment needed. Check out his website @ www.rmaclending.com for more information on adding Rich and his team to your real estate funding options for your next fix and flip project. “Sometimes the Best Deal You do is the Deal you DON'T Do” is one of the many great nuggets that Rich brings to light. www.rmaclending.com
Today's Episode is a little bit different compared to most, other than you've only got me on the show... We review and update the audience on the outcome so far on IES Radio #37: The Art of the Note Deal. Stay tuned for more on that... We discuss one of our investor's recent AWESOME CASHFLOW acquisition in one of the local suburbs of Chicago which results in a 32% CASH ON CASH RETURN!!! And over $600 a month in cashflow!!! Lastly stick around for this last tidbit about saving money on buying your materials from a unique and most likely overlooked store. Short and sweet... Rate me on iTunes and Stitcher!
I know when I first got into real estate, dealing with mortgage notes as a buyer, seller, or investor was the "8th" Wonder of the World. In this episode we review: -What is a Non-performing and Performing Note -Where to find them -How to invest in them -Educational resources available to all of us FOR FRIZZLE! (free) :) -The POTENTIAL income streams you can create with them In the final segment I review a recent deal I invested in and what my plans are to profit from it! If you're interested in getting involved, reach out!! Stop sitting by on the sidelines and take some action! We need more investors, buyers, rehabbers, landlords, private lenders, and contractors!!!
Today on the Investor Empowerment Series Radio Show #36 I interview 30+ year investor and real estate broker Rick Harper, of Harper Real Estate Inc. on his years of experience, buying his first property in Oregon at the age of 16, succeeding with rental properties and investing in the Florida market for MASSIVE CASHFLOW!!! Rick offers a full service "turnkey" style product if that's what you're looking for, or a situation where you can take on as much responsibility and work as you choose. Most importantly, he emphasizes the need to TAKE ACTION and make smart investments to retire on! Another NO-MISS Episode!!!
Know your market... Know your Buyer... Know your Finishes... Listen up to learn how to find the right deal and finish it right.
On Today's episode of the Investor Empowerment Radio Show we break down the numbers on one of the completed rentals that you can find on my youtube channel if you'd like to see what it actually looks like from start for finish. Start of the project: https://youtu.be/HPX0WiwWlvI Mid-way through:https://youtu.be/frrKC6JTsdI Final Walk through: https://youtu.be/uQSryOcPs7U We break down the 'structure' of the deal, the acquisition, private money component, the 'rough' costs and the final numbers after the refinance is completed. Also, on the 2nd half of the episode, I break down the possibilities of another 'wholesale' type deal that is exceptionally unique. It's allows for an investor or wannabe investor to get in at a low money down, zero credit, no loan type opportunity. Open your EYES and your EARS and listen to the opportunity!