Podcasts about apartments

In this week's episode, we break down signs of positivity and weakness in the economic markets. We cover our latest CMBS delinquency data and examine CRE exposure to a potential Rite Aid bankruptcy. We have news to share for all the major CRE property sectors including an office valuation reduction, a development for a mall in Puerto Rico, industrial and apartment comps, and news for hotels. Tune in now. Episode Notes: • Economic update (0:23) • Rite Aid bankruptcy (8:51) • CMBS delinquency report (11:54) • Multifamily portfolio sale (13:57) • Apartment comps (16:01) • Office news (18:35) • Office value reduction (27:54) • Industrial comp (30:28) • Puerto Rican mall loan development (33:40) • Mall loan sale (37:02) • Hotel & casino story (39:09) • Quick hits: office and student housing (45: • Shoutouts (47:54) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

You didn't think we'd leave you hanging forever, did you? Actually, don't answer that.

Welcome back to our latest episode as banter about big upcoming trips to Walt Disney World for Ryan and Alex's 40th Birthday Bash at Disneyland! Plus we go over a fun list from our friends at The DisInsider, shout outs, and more! We are really excited to be moving our podcast feed over to the Walt's Apartment feed and join the Light in the Window Productions from here on out. Subscribe wherever you listen to your favorite podcasts. On YouTube at @thedutv. Follow & interact with us on Instagram, Facebook, X, & Threads. Want to help support the show? Visit patreon.com/ducrew Email us at disneyuniversepod@gmail.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/disney-universe-podcast/message

Proper Care products are launching Monday, October 2nd! As a mobile detailer, you're constantly facing different working environments. In an ideal situation, when you have a full setup, you can work almost anywhere. But when you don't have a full setup, working in certain environments can be a challenge. In this episode, I talk about how you can detail at an apartment complex, even if you don't have a generator or pressure washer. These are the exact methods I used when I was working with a minimal setup. ⚡️Software we use to run our detailing business (free 14-day trial plus get a special discount): https://go.getjobber.com/detailgroove

Listeners with large dogs share the difficulties they've experienced while trying to find an apartment that will rent to them, as well as issues they've come across while cohabitating in small spaces with their big furry friends. Plus, listeners who would rather not cohabitate in a building with big dogs share their reasoning.  

Unlike our normal show, Straight Real Estate is 100% about well... real estate. In this value-packed episode learn all about Sam's first apartment complex property. The challenges, hidden problems, and biggest wins are all discussed in this episode. ⁠⁠⁠www.fasterfreedom.com/resources⁠

Today's guest is Mack Benson.   Mack is a husband, father of three, and a real estate investor working a full time job in IT.   Show summary: In this episode, Mack Benson emphasizes the importance of thorough tenant screening and the need for a property manager who understands the unique challenges of managing an apartment complex. He shares his journey in managing a 44-unit apartment complex, highlighting the challenges he faced with property management and the lessons he learned along the way. Despite the setbacks, he remains optimistic about the future of the property and plans to continue investing in real estate.   -------------------------------------------------------------- Intro [00:00:00]   Mac's real estate journey [00:00:49]   The challenges of property management [00:06:29]   Challenges with Property Management [00:11:06]   Lessons Learned from First Deal [00:11:44]   Finding the Right Property Manager [00:13:59] -------------------------------------------------------------- Connect with Mack:  Facebook - @MackBensonOfficial  Instagram - @MackBensonOfficial  LinkedIn - https://www.linkedin.com/in/mackbenson/  Twitter - @MackBenson Web: https://www.infinitefocuscapital.com/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Mack Benson (00:00:00) - I think some things were misaligned between our group and the property manager, where the property manager was really focused on getting people into the units and some of the screening that should have been done probably wasn't because we ended up having to evict three quarters of the tenants that were placed by that first property manager.   Sam Wilson (00:00:23) - Woah.   Intro (00:00:24) - Welcome to the How to scale Commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:37) - Mac Benson is a husband, a father of three children. He's a real estate investor, also working a full time job in information technology. Mac, welcome to the show.   Mack Benson (00:00:48) - Thank you.   Sam Wilson (00:00:49) - Absolutely. Mac, There are three questions I ask every guest to come to the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there?   Mack Benson (00:00:59) - Where did I start? I started real estate like everybody else does. Reading Rich Dad, poor Dad. But mine was in about 2001 and didn't quite do anything with it.   Mack Benson (00:01:11) - As in I did nothing with it until about 2018 when I was listening to a just a random podcast. It was about making yourself a better person because that's what I was into at the time. And the guy started, he was interviewing a real estate investor, but the guy was a surgeon and he was buying apartments on the side. I was like, You know what? If he's doing it, I probably can too.   Sam Wilson (00:01:38) - And so then so that that's that's. Where do you start? Where are you now?   Mack Benson (00:01:43) - Right now, I've got 44 units, 40 of them a single apartment complex that was 2021 build that. When we toured it, it was literally two by fours and a couple pieces of sheetrock on the third floor. Wow.   Sam Wilson (00:02:01) - Wow. Okay, cool. So you bought so you bought that building in 20 when it was finished, I would assume.   Mack Benson (00:02:07) - Yep. If right at the tail end of 2021. Okay. And it's been a work in progress since. So it's been taking all of the attention.   Sam Wilson (00:02:18) - For that 44 unit building.   Mack Benson (00:02:21) - Yeah. Yeah. It was obviously newbuild, so completely vacant. So our value add was to get people to live in it.   Sam Wilson (00:02:31) - Right.   Sam Wilson (00:02:32) - Well, talk to us about that. This is your first syndication. Are you the lead sponsor on this deal? So this is just solely your deal.   Mack Benson (00:02:41) - So we were going to syndicate it. We ended up going through the entire process. We had all the paperwork drawn up, PM everything ready to go, bank accounts open, ready to start taking funds. And then the seller slash builder came to us and said, Hey, would you guys be open to seller financing? Berry. You know what? Talk to us about that. What does that look like? Yeah. And what he proposed, we took it back to our underwriting and said. You know what? This actually makes it a lot better for us. So we're going to pull back and say, can we come up with a down payment he's looking for without syndicating? Right.   Mack Benson (00:03:26) - And turns out the partners that we had on board that we're going to be our key principal on the syndication said, you know what, we want to stay in this And they were able to help get us the entire down payment and off to the races we went.   Sam Wilson (00:03:41) - Okay, now that is interesting. What were the terms? That the seller proposed that made it good for them, but also a win for you.   Mack Benson (00:03:52) - Mainly the down payment. So he was we were looking at having to put up about our total acquisition was going to be about 2 million. Out of pocket to begin with. It's a 2.   Sam Wilson (00:04:06) - Million in equity. We're going in the deal. Yep. Okay.   Mack Benson (00:04:10) - And his proposal brought it down to 800 K plus. We would we were going to need operating expense and operating account.   Sam Wilson (00:04:21) - Sure. Sure.   Mack Benson (00:04:23) - So it cut what our our total capital contribution by about half.   Sam Wilson (00:04:29) - Right.   Mack Benson (00:04:30) - And then rates. Rate was good. I mean, what was that, 2021 So I mean, if you were looking at agency, you could have gotten in the threes.   Mack Benson (00:04:41) - If you remember back then. I do. And think we're at 4 or 5, which back then we were like, You know what? It's a little bit high today. That sounds like a steal. And the term was good also because the term was going to bring us into 2026.   Sam Wilson (00:05:02) - Okay, So you got a five year term fixed fixed, I'm assuming, at 4.5%. Yep. Okay. And what happens in 2026?   Mack Benson (00:05:13) - Balloon, refinance or refinance, sell or extend if that's available, but with what rates are doing. Doubt that's going to be available from the financing.   Sam Wilson (00:05:27) - What what did they what did the seller gain by owner financing that were they're trying to offset taxes? What was what was their play? Do you know?   Mack Benson (00:05:37) - Yeah. He did not want that big giant income that he was going to have to pay taxes on. So this is extending it out for him. He's getting the interest payments, which he wouldn't have gotten. I mean, he's going to end up getting more than he got to begin with.   Mack Benson (00:05:54) - With the interest payments that we're giving.   Sam Wilson (00:05:58) - Sure. Now, that makes sense. That makes sense. Yeah. He's he's it was a tax attack strategy there. So you've got this 44 unit building, your first your first commercial real estate asset, if I'm not mistaken. Is that It is yeah. And so you said you have it's taken all of your attention in focus. So I guess this would be now two years in of owning this asset. What are some things that you've learned owning and operating this asset? What would you do differently?   Mack Benson (00:06:29) - One of the biggest things we've learned is that property management can make or break a deal. We are currently on our third property manager. Which has been tough. And if you've ever tried if you've ever transitioned from one property manager to another, I mean, it takes the second one two months to even figure out where the light switches are. Right. And then they're having to clean up whatever they don't like and whatever the owner doesn't like from the previous property manager.   Mack Benson (00:06:58) - I mean, there's a reason you left the original to begin with. And I mean, we're nine months in and nine months in with a third property manager and we're about two months. From having our head above water.   Sam Wilson (00:07:15) - When you say head above water, when you feel like you finally solved all of the kinks in the system.   Mack Benson (00:07:21) - Yeah. And we're finally in a place where instead of. Re tenting for business reasons. We're on a normal cadence of filling units that are in the process of moving out. We're not finally. We're finally not chasing our tails. Yeah.   Sam Wilson (00:07:39) - Yeah.   Sam Wilson (00:07:40) - No, that's that's interesting. On a brand new build like I've seen tenant turnover, not tenant turnover, seeing property management. Turnover in difficult to manage assets in the wrong. Class C assets and or you know, there's just some problems that come along with certain types and location at location assets. It's like, okay, well you know it's going to be harder just based upon where the asset is. But a brand new build seems like something where property management could come in and have a brand.   Sam Wilson (00:08:13) - I mean, it's a clean slate. What what were the things that maybe they didn't expect? That they encountered.   Mack Benson (00:08:23) - One of the things that we worked through was. Some of the tenant screening that had gone on or lack of I think some. I think some things were misaligned between our group and the property manager, where the property manager was really focused on getting people into the units and some of the screening that should have been done probably wasn't because we ended up having to evict three quarters of the tenants that were placed by that first property manager.   Sam Wilson (00:09:01) - Well.   Mack Benson (00:09:02) - Yeah, it it. There was some pains. It was rough. And luckily we had gone into the project well capitalized, knowing that we were going to have we were going to be operating in the red for we expected nine months. We didn't expect 15 months.   Sam Wilson (00:09:21) - Right. Have you guys hit?   Sam Wilson (00:09:23) - Black yet. I know you said 15 months. It sounded like a 15 months or so you started to actually have. Those colors switch a little bit.   Mack Benson (00:09:32) - Yep, we are. We are running in the black.   Sam Wilson (00:09:36) - That's good.   Mack Benson (00:09:38) - Yeah, we had a couple. Surprises along the way other than the tenant issues from the first property manager, One of the first tenants that they had placed started a fire, which was our first insurance claim, and then we had a flood, which was a second. So. Within the first seven months of operation, we were back into a construction zone, which put the second property manager in a really awkward position for showing units through a construction zone. Right. So yeah, construction, reconstruction and rehab is done. Tenants are in. We're at the break even. We're at or above our break even occupancy and things are humming.   Sam Wilson (00:10:27) - Along, right?   Sam Wilson (00:10:28) - No, I mean, that's a tough it's a tough project for for even seasoned veterans like. Oh, okay. Well, I mean, do you feel like when you run the tape back, were there things that you could have or should have done differently to have avoided many of these pitfalls?   Mack Benson (00:10:49) - So for the first I would say for the first two managers, we weren't necessarily.   Mack Benson (00:10:55) - I don't think we were paying attention as well as we should have.   Sam Wilson (00:10:59) - Yeah.   Mack Benson (00:11:00) - And that's something we we learned. We learned our lesson and it did not repeat.   Sam Wilson (00:11:06) - Got it. Got it. Yeah. Pay attention, man. And that's tough, especially when there's so many moving like you in that early stage. You're pushing hard and you're hoping that everyone else is taking care of what they're supposed to take care of because you've got limited bandwidth, especially if you're still working a job. And it's like, okay, well, I'm hoping the property manager is doing right and instead they're just slapping tenants in there. Anybody that applies, Oh, you have a pulse. Cool. Yeah. Come on in. You can come. You, you, you. And then you're you're kicking out 75% of those. What did you say ten months later? I mean.   Mack Benson (00:11:44) - Yeah, within the first year. Basically, as soon as the eviction moratoriums were over, we were in the, what was it, a three month line of other owners trying to do the same thing.   Mack Benson (00:11:58) - Right?   Sam Wilson (00:11:59) - Right. Oh, man. Oh, that's brutal. That's brutal. Looking back on this deal, are you still glad you did it?   Mack Benson (00:12:08) - You know, I am. I have basically gotten a PhD in operations in my first deal. And who else can say that? I was at an event last year just talking to some other guys about the experiences that I've had. I mean, just. To get this deal over the finish line to close. I mean, that was a process because we ended up bringing on we ended up doing seller financing, brought in at 1031, we were going to syndicate. So it's like, okay, you pretty much covered all your bases on there and you didn't even you hadn't even closed yet. And then with the fire, with a flood, they said, Well, you're only missing blood. I'm like, All right. So I guess I have one more thing that I have on the horizon at some point and some deal. Hopefully not this one, right? Other than me smashing a finger, swinging a hammer at some point.   Sam Wilson (00:13:01) - Right. Right.   Sam Wilson (00:13:03) - May that be the only blood you ever see at one of your properties. And even then, try to avoid that. If you can tell me about this. Working a full time job. I mean, you're still you're still full time it still managing this project. Where where does your real estate investing career go from this point forward?   Mack Benson (00:13:23) - One day the real estate will be this wood. Well, I'd say the sole focus, but I've still got the kids and the wife, so not the sole focus, but the the primary source of income will be real estate at some point.   Sam Wilson (00:13:39) - Yeah, right. Oh, that's that's really interesting. Tell me about the size, like a 40 unit building or 44 unit building. Um, has that. Has that made it challenging to find good property management where you are, or is that no problem?   Mack Benson (00:13:59) - Yes and no. And it's kind of funny because before when we were. Still under contract working towards close. We interviewed a number of property managers and and settled on landed on the first one that we ended up with.   Mack Benson (00:14:15) - We had actually interviewed the property manager that we currently have in that first wave and decided not to go with them. We were nervous about their lack of experience because they had never managed an apartment before. All they did was single families, duplexes, quads, but never anything in the apartment world. They really wanted to, but they just hadn't found an operator that would take them on yet. So nine, ten months later, we were back talking to them and they had evolved as a company. They had gotten a lot of their processes and systems and processes had gotten a lot smoother and more professional and ironed out, and it seemed like a great fit. And it so far it definitely has been.   Sam Wilson (00:15:09) - Oh, that's interesting because you would think. Now the people with the experience would be the right ones to hire, but maybe not necessarily so. Maybe the ones that are really willing to put in the work and do the right thing is far, far more valuable. Very, very interesting. Mac, thanks for taking the time to really share with us your growth.   Sam Wilson (00:15:31) - You're kind of journey thus far from 2001 reading a book and then 2018 rolls around. You say, okay, I think now is the time to get into real estate. Did you feel like in that window in your early 2001 to 2018 window, was it was there like, okay, there's a better way, or was it just a distraction in your job or what kept you from really making that leap sooner?   Mack Benson (00:15:58) - I wasn't ready. Um. I was too immature and mean, to be honest. What? Following 2001 to 2008, I just hid in the bottom of a bottle. I mean, in 2009, I look back and I had a Facebook memory celebrating sobriety in 2010. And it was I had thought that I was on the three case a week plan, but my memory reminded me that I was on the five case a week plan.   Sam Wilson (00:16:33) - Yeah.   Mack Benson (00:16:35) - So got rid of that and then went back to college again because the first time was so successful and just started working on myself. And after my first kid was born, like, you know what? I really need to do something better for myself.   Mack Benson (00:16:57) - I was like probably 260 then and was like, I need to focus on my health because I want to be around for my kid. And, um. The realization that I needed to do that myself. I need. I'm the only one that can make myself healthier. So focusing on that, and that's what actually got me into the podcasts that talked about health, fitness, self improvement, and it was on the Self Improvement podcast that the real estate syndicator was on.   Sam Wilson (00:17:31) - Wow, wow. And you're like, Hey, I've heard of this before, This rings well, gotta rewind.   Sam Wilson (00:17:37) - And I actually and.   Mack Benson (00:17:39) - I actually went and got the Purple book out again because I still had it. It was in the back of a bookshelf covered with dust, dusted it off and opened it up and just devoured it. And probably 100 other books since then.   Sam Wilson (00:17:53) - What's what's one personal habit you have right now or personal discipline you have that you feel like makes you better every day?   Mack Benson (00:18:04) - For me going to the gym.   Mack Benson (00:18:07) - Um, lifting heavy things.   Sam Wilson (00:18:11) - It.   Mack Benson (00:18:12) - And that's twofold. I mean. I mean. Well, multiple I would wouldn't even say two because there's a litany of reasons and mean strength and muscle is part of it. But putting off the things that will take me down in old age, right? Like if I have more muscle now, that's more muscle that I can have to lose as I get older. Right. And. More of more muscle now means more bone mass, which means my bones won't be as brittle until later. Right. So all of that goes to I want to be here for my kids and I want to do better for my kids. And if I'm not healthy, well, I'm not going to be here for them.   Sam Wilson (00:18:56) - Right?   Sam Wilson (00:18:57) - Right. Oh, that's so true. That's so true. Health is absolutely wealth. And it's funny, man, because. Because. Yeah, no, we could I could talk about this all day long because it's something I have spent. Too long.   Sam Wilson (00:19:12) - Thinking about reading, about studying. I mean, cracking the cracking the human code of my own code of like, okay, what's it mean to be, you know, what's my version of healthy look like? And trying to figure that out. That's, that's really, really cool that you do that because I think it's important that you bring up the point of like. You're not just going to the gym to be a meat head and make your make your biceps bigger. I mean, okay, that's cool. But there are long term health benefits that go right alongside of that that you you mentioned that I think are very, very compelling. Like, oh, I want to be I don't want to be prematurely old. I mean, none of us got to here alive. But there's no sense in no sense in getting old before before its time. So very, very cool. Mac Love what you've done in the commercial real estate space. You've taken on an incredibly challenging project. It sounds like out of the gate and you're still sticking with it, which I think is a testament to you and to your commitment to continuously learning.   Sam Wilson (00:20:07) - And of course, you know, figuring out the commercial real estate game. I love the fact that you got an owner finance deal and how you guys structured that. Very, very cool. Keep up the good work. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   Mack Benson (00:20:24) - Best is either on Instagram, Mac Benson Official or my website Infinite Infinite Focus Capital.   Sam Wilson (00:20:32) - Infinite Focus capital.com and we'll include both that and Mac's social handles. They're in the show notes. Mac, thank you again for coming on the show today. I do appreciate it.   Mack Benson (00:20:43) - Thank you, sir.   Sam Wilson (00:20:44) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for.   Sam Wilson (00:20:58) - Us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories.   Sam Wilson (00:21:05) - So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Join us for our new monthly tradition, Family Game Night. The crew and our friends from Neverland Clubhouse and Where in the Park will play some fun Disney games and reflect on the last month in the world of Disney. Hope to see you there and as always, We hope you enjoy the view from Walt's Apartment.Please consider joining us in our Patreon campaign.https://www.patreon.com/waltsaptpodcastIf you want to book a Disney Vacation please use our friends at Getaway Today. Also if you call 855-GET-AWAY and mention Walt's Apartment you will get an exceptional value just for saying us.https://www.getawaytoday.com/?referrerid=8636Check Out Sunken City Designshttps://sunkencitydesigns.bigcartel.comCheck out Awesome Backpacks atDisney Theme Park Backpack - Designer Park Co.Remember to use the code WALTSAPTPOD at checkout for additional savingsWe are proud to be part of the Disney Podcast Family , checkout all the other great shows below https://linktr.ee/DisneyPodcastFamily

Deal delays can be a real headache for both buyers and sellers. So, we invited David Kamara on the show to untangle the mysteries behind these setbacks and dive into the current prospects of value-added multifamily investments in today's ever-changing real estate landscape. Stay tuned for insights that can make or break your next move!KEY TAKEAWAYS  Considerations before buying a long-held propertyThe significance of trust and transparency in investor-broker deals Impact of delayed deals in acquiring properties and loans Reasons for purchasing value-add multifamily deals Why it's crucial to use an investor-centric approach to gauge your risk tolerance RESOURCES/LINKS MENTIONEDDon't miss an incredible opportunity to transform your financial life. Grab your FREE eBook copy of The Personal Cash Flow Formula by visiting https://capesierracapital.com/cashflow and take control of your money like never before!ABOUT DAVID KAMARA David has been a real estate investor since buying his first duplex in 2006. Over time, he has transformed the portfolio from residential, single-family, and duplex units to focus on larger multi-family investing, including apartment buildings and townhouse communities. When David is not looking for the next investment opportunity, he is a successful management consultant and highly sought-after advisor to C-suite executives and private equity investors. He has held a number of interim CIO and COO roles and has been involved in over 50 private equity, corporate, and strategic transactions.David received his MBA from the University of Chicago Booth School of Business. He holds a Master of Liberal Arts degree from the University of Chicago and a Bachelor of Science in Computer Science from the University of Michigan, Ann Arbor. David speaks five languages. CONNECT WITH DAVID Website: Cape Sierra Capital: https://capesierracapital.com/ CONNECT WITH USSchedule a 20-min get-to-know each other call - bit.ly/3OK31kISchedule a 20-min call to explore performance coaching - bit.ly/Coaching-JulieSchedule a 30-min call to learn about investing with Three Keys Investments - bit.ly/3yteWhxJoin the Book and Networking club via Zoom at: bit.ly/3HBPnQw or sign up at: bit.ly/3c0dr1uVisit ThreeKeysInvestments.com to download a free e-book, “Why Invest in Apartments”!Learn how to reduce your tax liability by scheduling a FREE consultation at https://modewealth.com/If you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1I Please RSS: Review, Subscribe, Share!

Adam welcomes Tim Ballard to talk about his philanthropic work saving children from trafficking in the US and all over the world, which was the subject for the film ‘Sound of Freedom.' Tim's wife, Katherine, also joins to address the allegations against Tim and the recent Vice news articles disparaging him. Next Adam welcomes boxing commentator Jim Lampley to talk Canelo Alvarez vs Jermell Charlo streaming on ppv.com this Saturday. The guys also recall some of Jim's work as a local news broadcaster and Jim shares some stories from the Buster Douglas vs Mike Tyson fight in Japan. Lastly, Jim talks about the importance of memory and why he has considered it so valuable from an early age. PLUGS: Tim Ballard: www.TheSpearFund.org Jim Lampley: PPV Fight: ‘Canelo Alvarez vs Jermell Charlo” - streaming: www.PPV.com - On Saturday at 8pm EST / 5 pm PT THANKS FOR SUPPORTING TODAY'S SPONSORS: http://BlindsGalore.com, let them know we sent you http://Apartments.com Morgan Download the Viator app and use code VIATOR10

Join 'The Multifamily Attorney,' Charles Dobens, as he delves deeper into the world of 'Hotels to Apartment Conversions' in this week's episode. Charles discusses his highly sought-after 'Hotels 2 Apartments' cohort program, a visionary initiative geared towards educating and molding future multifamily real estate partners. By delving into the exciting prospects of Hotel to Apartment Conversions, this episode provides valuable insights and opportunities for aspiring investors. Emphasizing how the demand is there for buying low and selling high while harnessing cap rates to your advantage, Charles explains why this type of investment is truly so lucrative. As cohort members, Charles and his team will collaborate with you on deals, facilitating funding through joint venture partnerships, promising a rewarding journey in the multifamily investing landscape. Don't miss this episode for a glimpse into the future of real estate innovation. You can register now for the next H2A Conversion Summit in Las Vegas, Nevada on November 3-5. To learn more about multifamily investing or to embark on your own journey, please visit: https://multifamilyos.com/hotel-2-apartment-conversion-summit/.  

It's FINALLY fall and the gals are ready to spill on their seasonal faves for this year. From clothes, to homeware, to scents, the gals are here to get you prepped for the next few months. They also discuss why we romanticize fall so much, Gilmore Girls girls vs Gossip Girl girls, and the toxic magazines we read as teens. Danielle reveals her birthday party theme, and Brooke tells the story of how she got stung by a bee and survived. Check out our great sponsors!! This show is sponsored by BetterHelp! Visit BetterHelp.com/gals to get 10% off your first month of online therapy! GameTime: Need tix? Download the Gametime app, create an account, and use code GALSONTHEGO for $20 off your first purchase! Quince: Need a closet upgrade? Go to Quince.com/gals for free shipping on your order and 365-day returns! Looking for a place? Check out Apartments.com - THE place to find a place. Don't forget to tag @galsonthegopodcast @daniellecarolan and @brookemiccio in your listening selfies and stories on Instagram! THE GALS ARE GOING ON TOUR! GET LIVE SHOW TICKETS NOW! NYC 12/16 + Chicago 11/3 tickets available https://www.galsonthegopodcast.com/live-shows SHOP GOTG MERCH! *HAMPTONS COLLECTION AVAILABLE NOW * https://fanjoy.co/collections/gals-on-the-go Shop the GOTG x Brooklinen COLLAB! https://brooklinen.pxf.io/LXaB7L GOTG YouTube Channel (watch full episodes with video!) https://www.youtube.com/channel/UCkCy3xcN257Hb_VWWU5C5vA Gals On The Go Instagram https://www.instagram.com/galsonthegopodcast Brooke's Youtube Channel https://www.youtube.com/brookemiccio Brooke's Instagram https://www.instagram.com/brookemiccio Danielle's Youtube Channel https://www.youtube.com/c/daniellecarolan Danielle's Instagram https://www.instagram.com/daniellecarolan Business Inquires Can Be Sent to: GalsOnTheGoPodcastTeam@unitedtalent.com Danielle's LTK: https://www.shopltk.com/explore/daniellecarolan Brooke's LTK: https://www.shopltk.com/explore/brookemiccio

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison.The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free: https://link.chtbl.com/miat_fdlw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free: https://link.chtbl.com/miat_fdlw

MDJ  Script/ Top Stories for Sept 26th Publish Date:  Sept 25th   Commercial:  Henssler :15   From the Henssler Financial Studio, Welcome to the Marietta Daily Journal Podcast   Today is Tuesday, September 26th and happy heavenly birthday to musician George Chambers. ***CHAMBERS BROTHERS - TIME*** I'm Dan Radcliffe and here are the stories Cobb is talking about, presented by Credit Union of Georgia Developer tweaks downtown Marietta apartment building's design Cobb to consider agreements with Smyrna on red light cameras, MARTA on mobile ticketing Philadelphia woman held at Cobb jail for fatal stabbing at Marietta motel All of this and more is coming up on the Marietta Daily Journal Podcast, and if you are looking for community news, we encourage you to listen and subcribe! Commercial : CU of GA – ESOG STORY 1: Developer tweaks downtown Marietta apartment building's design   Atlanta-based developer Bridger Properties has received an extension from the Marietta Historic Board of Review to refine its proposed downtown apartment building design off Polk Street. The initial design featured an 84-foot, 135-unit complex, but the revised plan reduces the unit count to 122, with the exact height yet to be determined. The new design incorporates a stepped profile, aiming to better align with city guidelines for the downtown historic district's building heights. The developer is also considering integrating the stair tower for the pedestrian bridge over the train tracks into the building. The project has received input from citizens and city officials, focusing on materials, massing, and scale to fit seamlessly into the historic district. The building would include one- and two-bedroom apartments, ground-level retail, courtyards, a pool, and underground parking. While some residents have expressed concerns about parking and the choice of apartments over condos, the developer cites financing considerations as a significant factor in the decision..…….Get more stories like this from mdjonline.com     STORY 2: Cobb to consider agreements with Smyrna on red light cameras, MARTA on mobile ticketing   Smyrna plans to install red light cameras at intersections along the East-West Connector and Spring Road/Cumberland Boulevard, pending approval from Cobb Board of Commissioners. The intergovernmental agreement specifies Smyrna's responsibility to install, fund, and maintain these cameras at county-operated intersections. Installation, originally slated for May, is now delayed until October. The cameras will be funded through $70 fines for red light violations, with any excess funds benefiting the city. Cobb County won't provide additional funding for this project. Meanwhile, Cobb is considering an agreement with MARTA to implement a mobile ticketing system on CobbLinc buses, following MARTA's existing system on trains and buses.   STORY 3: Philadelphia woman held at Cobb jail for fatal stabbing at Marietta motel   Keiyotta India Cooper, a Philadelphia woman indicted for murder in August, has been extradited to Cobb County, Georgia, where she is accused of fatally stabbing 37-year-old Dearish Morris at a Marietta motel in late June. The incident occurred during a visit to Morris's motel room, after which Cooper allegedly stabbed him multiple times and concealed his body when motel staff knocked on the door. She then fled the state in a vehicle borrowed from Morris. Law enforcement eventually apprehended her in Virginia. Cooper faces charges of malice murder, felony murder, aggravated assault, and theft by taking, and is held without bond at the Cobb County Adult Detention Center..............…..(pause)   We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info.   We'll be right back   Break:   Elon – Drake- – JRM   STORY 4: 'It's my home': Roswell Street Baptist celebrates 80 years   Roswell Street Baptist Church marked its 80th anniversary with a gathering of members and former pastors. The church, founded in 1943 during WWII's Bell Aircraft expansion, saw its congregation grow and decline over the years. Lockheed-Georgia's arrival in 1951 brought prosperity, with the church having over 3,000 members. Economic downturns led to a decline in membership, which now stands at 375-400. The church recently embraced a focus on recreation and community outreach. Despite its smaller size, members believe in a promising future, celebrating their past while aiming to build a lasting legacy.   STORY 5: Kennesaw State falls at Tennessee Tech   Kennesaw State faced a disappointing 17-7 loss to Tennessee Tech in a football game. Tennessee Tech's crucial 83-yard drive in the third quarter, with mostly running plays, shifted the momentum in their favor. They repeated this success later in the game, securing their first victory over Kennesaw State in four attempts. This loss was a significant setback for Kennesaw State, as Tennessee Tech had been struggling in previous games, both offensively and defensively. Kennesaw State's quarterback, Jonathan Murphy, faced constant pressure, resulting in a low passing yardage of 76. The Owls' offense struggled, converting only 3 of 15 third-down attempts.   We'll be back in a moment   Break:   Ingles 8 – Dayco – Powers   STORY 6: Smyrna council moves forward on purchasing First Baptist campus   The Smyrna City Council has voted to approve an agreement for the potential purchase of approximately nine acres of downtown real estate from Smyrna First Baptist Church for around $12.1 million. While the deal is not yet final, the memorandum of understanding outlines the general terms of the agreement. The church's congregation previously voted in favor of the deal to help alleviate financial pressures and enable the construction of a new campus nearby. The city's plans for the acquired property include redevelopment for new businesses, housing, greenspace, or parking. Public input will be sought before any decisions are made. The city has various options for financing the purchase, including cash from the general fund or issuing municipal bonds. Councilwoman Susan Wilkinson opposed the deal due to concerns about certain conditions and the price.   STORY 7: Sports Update   In high school football, Buford secured a commanding 30-3 victory over Marietta, with Dylan Raiola connecting on two touchdown passes to KJ Bolden. Marietta struggled to gain momentum throughout the game. Carrollton dominated Hillgrove in a resounding 49-0 win, highlighted by JuJu Lewis' four touchdown passes. Hillgrove faced challenges on both offense and defense. Harrison orchestrated a remarkable second-half comeback, outscoring Pebblebrook 35-7 to claim a 42-17 victory. Braylan Ford's three touchdown passes were instrumental for Harrison, while Pebblebrook grappled with penalties and defensive challenges....………….…Back with final thoughts after   Break: Henssler :60   Signoff- Thanks again for hanging out with us on today's Marietta Daily Journal podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Gwinnett Daily Post, the Community Podcast for Rockdale Newton and Morgan Counties, or the Paulding County News Podcast. Read more about all our stories and get other great content at MDJonline.com. Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts. www.henssler.com  www.ingles-markets.com  www.cuofga.org  www.drakerealty.com  www.daycosystems.com  www.powerselectricga.com  www.esogrepair.com  www.elonsalon.com  www.jrmmanagement.comSee omnystudio.com/listener for privacy information.

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

Show Open Tuesday 9/26/23

This is the All Local morning update for September 26, 2023

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free: https://link.chtbl.com/miat_fdlw

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free: https://link.chtbl.com/miat_fdlw

Hey, Dateline fans! As a bonus, we're giving you a special preview clip of our new podcast series Murder in Apartment 12. Keith Morrison is back with the story of Nona Dirksmeyer, a young beauty queen who was tragically murdered just days before her 20th birthday.If you like what you hear, you can listen to the first 2 episodes now for free, or subscribe to Dateline Premium on Apple Podcasts. Subscribers get early access to new episodes and can listen to all Dateline podcasts ad-free https://link.chtbl.com/miat_fdlw

With skyrocketing property insurance costs, more homeowners are skipping insurance altogether. That proportion is estimated at 12% per the WSJ. Single-family rents are up 6.5% annually. Next, we discuss what might be America's best cash flowing real estate market. Home prices are up this year for four main reasons: large Millennial demand, scarce supply, mostly healthy economy, interest rate levels that are actually normal. As we discuss one of America's best cash flowing markets, it's in a state that has strong legal protections for landlords. The cost of living there is 17% below the national average. Unemployment is 2%, according to the provider. Single-family rents are $1,200 to $1,500; prices are $115,000 to $140,000.  You can own a freshly renovated property, complete with granite countertops. Average tenant duration is 3-4 years. With higher interest rates, more buyers in this market are paying all-cash or making a larger down payment. Contact your GRE Investment Coach, a free service, if you consider purchasing property in this investor-advantaged market. Timestamps: National home prices and insurance costs [00:00:01] Discussion on the increase in national home prices and the impact of rising insurance costs on homeowners. Rise in single-family rent growth [00:04:04] Exploration of the increase in single-family rent growth and its implications for the rental housing market. America's best cash flow real estate market [00:07:54] Introduction to an area with low property prices and potential for cash flow, including its job growth and investor advantages. The lost luggage incident [00:11:27] Keith shares his memory of his luggage arriving late during a trip to Little Rock and going for a run in street shoes. Little Rock's recognition as a top place for young professionals [00:13:15] Forbes Advisor ranks Little Rock, North Little Rock, and Conway as top ten places for young professionals to live, highlighting employment opportunities and affordability. Growth and economic drivers in central Arkansas [00:15:20] Discussion on population growth, job creation, and economic drivers in central Arkansas, including the presence of distribution hubs, major retailers, tech companies, and government and medical sectors. The demand for single family rentals [00:20:40] The speaker discusses the shift in multifamily housing, the increase in demand for single family rentals, and the lack of new construction in this sector. Arkansas as a landlord-friendly state [00:21:42] The speaker explains that Arkansas has landlord-friendly laws and a simple eviction process, with evictions typically taking 30 days or less and costing less than $1000. Criteria for properties in the investor market [00:24:59] The speaker talks about the areas and property types that fit their buy box, focusing on working-class tenants and B-class properties in the Little Rock metro area. The availability of properties in Little Rock [00:30:51] The speaker discusses the current tight inventory in the Little Rock market and how it affects both homeowners and tenants. Demand is high, but there are fewer places to rent or buy. Interest rates and cash buyers [00:31:52] The speaker talks about the impact of higher interest rates on investors and the increase in cash buyers. Some investors are willing to pay all cash now with the intention of refinancing later when interest rates come down. Advantages of investing in Little Rock [00:33:48] Resources mentioned: Show Notes: www.GetRichEducation.com/468 Get access to Little Rock properties: GREmarketplace.com/LittleRock If you'd like help with one of  GRE's Investment Coaches (free), start here: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to. I'm your host, Keith Weinhold. National home prices continue to increase for at least four big reasons. There's also a hindrance that's getting so bad that it could keep more price growth in check. We look at why single-family rent growth is increasing. Then we focus on one particular metro area that could be America's best cash flow real estate market and why today on Get Rich education.   Speaker 2 (00:00:30) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Speaker 1 (00:00:53) - Walking from Whitney Island to Mt. Whitney, California, and across 188 nations worldwide. I'm your host, Keith Weinhold. And this is Get Rich. Education, National home prices continue to increase and no one knows what mortgage rates are going to do. There's one factor that could slow the home price growth party down. It could be impeded a little by these rising insurance costs. Now, in years past, do you know how many American homeowners decided that they were just going to skip insurance and not buy it so that they don't have to pay the premium? Any idea what percent? Well, the longer term norm is that 5 to 8% of homeowners skipped insurance.   Speaker 1 (00:01:38) - They just said we'll handle any risk and not buy it. Hm. Maybe that's sort of like not using a case for your phone, perhaps, which I don't actually. I never use a case for my phone, but I do have insurance on all of my properties. Well, The Wall Street Journal was just reporting that the number of homeowners that have decided to forego insurance has increased. Okay. The longer term historic number is 5 to 8%. That decided to skip insurance. And now amidst insurance premiums that in a lot of places have risen faster than inflation, that proportion of those that skip homeowners insurance is now from 5 to 8%, up to 12%. Yeah, 12% of homeowners electing to skip insurance. And they're going to be those people that are free and clear of a mortgage. And if you have a mortgage, you must have property insurance. The Wall Street Journal also found that it's mostly lower income people that forgo it, lower income people that skip the insurance. Now, of course, homeowner borrowers, you have to eat that premium increase if you're a homeowner, borrower, they have to eat that.   Speaker 1 (00:02:53) - You're going to remember that just seven episodes ago on Episode 461, I went into a lot of detail on the areas of the nation that do have skyrocketing insurance premiums. And if you're a landlord in any of those markets, you can pass along the hot potato because you can raise your rents in order to offset that. But primary residence homeowners, they cannot do that. They cannot pass along the hot potato. Homeowners have to eat the hot potato. And sometimes that hot potato can burn the roof of your mouth. That's why the proportion of those that skip insurance has about doubled. And also some areas have become uninsurable. If you want a new policy, think of some of the forest fire prone areas out west and you know, the eastern half of the nation, they can get forest fires, too, of course, But east of the Mississippi, it stays more humid and you get more rain. That's why it's just not as much of a problem in the eastern half of the US. Well, you've taken my guidance to heart and you sure are passing along the insurance hot potato, raising the rent on your tenants.   Speaker 1 (00:04:04) - Here's some evidence because John Burns, real estate and consulting shows us that in the latest stats, single family rents are up 6.5% year over year. Yeah, single family rentals are also seeing higher occupancy and lower vacancy, and that's 6.5% annual growth rate in single family. So that's worth watching if you forecast inflation because of course that does make up part of the CPI like Rick and I recently discussed. Now single family rentals. They are roughly one quarter of America's rental housing stock. And this differs, by the way, from the rent growth on larger apartment buildings. Apartment building rent growth is slow due to so much new construction of larger apartment buildings where they're just still not building enough single family rentals in so many markets. So with this low, really just awful affordability for wannabe homeowners, what's happening in this area is that single families, they're attracting quality tenants. As this affordability worsens, the quality of the single family tenant is therefore increasing. The Fred charts tell us that the median sales price of the new build home is now $437,000 for 37.   Speaker 1 (00:05:31) - Note that that's for a new build, not existing. And home prices are up, up, up for four big reasons. It's really for major reasons that home prices are up. There is high home demand from the large millennial generation, this astoundingly scarce supply. Thirdly, there is a still pretty strong economy and. And then fourthly, believe it or not, if you're new to real estate, fourthly is, yes, historically normal mortgage interest rate levels. All these things are supporting these higher and higher prices and this scarce housing supply. That is a genuine American problem that we have here. Now, President Biden, he's tried to address it with a five year plan that he announced last year. And in just two days, Republican presidential candidates are going to take the stage in California for the second GOP primary debate. And the presidential candidates, they should be asked, what would you do about the housing shortage? That question was not asked in the first presidential debate. If I could ask them one question, yeah, it would be about housing and our next president matters whether Biden wins reelection or whether it's someone else.   Speaker 1 (00:06:44) - But my gosh, America spends too much time wrapped up in all this debate posturing and all this media hype over the positioning of the candidates. I mean, this is already been going on for months and months. Trump, Haley Pence, Ramaswamy DeSantis. Yes, the primaries are sooner, but the presidential election is still more than a full year into the future, even from this point. And this has already been going on for this long. I mean, virtually no other nation in the world drags it out for this long. It's almost a two year cycle of vetting these presidential candidates with two years. That's half of a presidential term right there. My goodness. Next week, as I'll be leaning on my team for a makeshift studio, I'll be joining you from Chicago, Illinois. And I will be checking out the sites and also the real estate opportunities there and those still in Chicago land. It's typically on the Indiana side of the Illinois Indiana line, where you'll tend to find the better real estate deals and the lower taxes is back to this week's show.   Speaker 1 (00:07:54) - We're not talking about Chicago today. Straight ahead, is this America's best cash flow real estate market? It's an area that has population and job growth, but it's slow growth. You'll be surprised with how low the property prices are. I mean, they're often below replacement cost, which is remarkable. But what that means is with today's high materials and labor and regulatory costs, it would pay more to build a new home on that site than what you can buy that completed existing for home today that was built decades ago. And I've walked these very neighborhoods. A lot of them are nice. They're not in war zone areas. The city has a great base of distribution jobs. It says sector where it's hard to outsource distribution jobs over to a less developed nations because those jobs need to be fixed right there where you need to move the goods. So in this city, they are building fulfillment centers. That's warehousing in this highly investor advantaged place is also a state capital. So they have another base of government jobs that are not going away.   Speaker 1 (00:08:58) - I'm talking to an experienced principal in this market that offers freshly renovated property to out of market investors like you. That's next. I'm Keith Windell you're listening to Get Rich Education. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They have provided our tribe with more loans than anyone there truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your pre-qualification and you can chat with President Charlie Ridge personally, though even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. You know, I'll just tell you, for the most passive part of my real estate investing personally, I put my own dollars with Freedom family Investments because their funds pay me a stream of regular cash flow in. Returns are better than a bank savings account up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited. For some of them. It's all backed by real estate.   Speaker 1 (00:10:10) - And I kind of love how the tax benefit of doing this can offset capital gains in your W-2, jobs, income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 668660. And this isn't a solicitation If you want to invest where I do, just go ahead and text family to 66866. This is Perrin Life's Patrick Donahoe. Listen to Get Rich Education with Keith Wayne Mold. And don't quit your day dream. Hey, well, I'd like to welcome in one of our marketplace providers in such in Investor advantage geography, that is in Little Rock, Arkansas. Brian, we're going to be listening to one of the voices of Marketplace today. Hey, thanks so much for being here. Hey, thank you, Keith. Appreciate being here for the second time. This is great. Great catching up with you.   Speaker 1 (00:11:27) - Well, that's right. Now, it's been a few years since you and I got together in person in Little Rock, Arkansas, and we toured the market. If we walked the number of properties. But I think the thing that stands out most to me with that trip to Little Rock, where I spent the day with you, is that my baggage arrived late. Now, we had good accommodations at the Capitol Hotel, kind of the stately nice hotel right in the center of downtown. But my luggage to Little Rock arrived about 20 hours late. I've had really good luck with luggage all my life, but didn't this time. And my most enduring memory maybe, is that I had to go running in street shoes. And I still remember near the end of my run, I was running over the bridge that spans the Arkansas River between North Little Rock and Little Rock. Looking down while I was running at these slightly dressy black shoes on my feet, thinking, My gosh, it's a miracle that my feet don't hurt me.   Speaker 1 (00:12:24) - Yeah, that's exactly what I remember, Keith. I remember piecing it together. So you didn't come right out and just tell me you'd mention your bag had been lost. And then you mentioned that you went for a run that morning and thought, What did you run? So, yeah, you described basically running in your loafers from the day before. So I was like, This guy's a real machine from the north, the Great North down here. So I was impressed. Yes. And you're probably also wondering, did you really have to go running it? Right? That's the other thing. Well, right. Hey, you and I were just discussing this great media clip that we watched there from the local news there in Little Rock. This tells us quite a bit about the economic drivers in Little Rock as well as the low median home price there in the Little Rock area. Let's listen to this together. This is about two minutes in length and then we'll come back to comment.   Speaker 3 (00:13:15) - We turn now to the national recognition that three communities in central Arkansas are receiving.   Speaker 3 (00:13:20) - Little Rock North, Little Rock and Conway ranked in the top ten places for young professionals to live by for.   Speaker 1 (00:13:27) - Some great news channel. Seven's Brenda Lipinski is on your side tonight. She joins us now live in our studio. Brenda, tell us a little bit about these rankings.   Speaker 3 (00:13:34) - Yes, Chris. So Forbes advisor analyzed 99 of 100 largest cities and found that Little Rock North, Little Rock and Conway had great opportunities for young people. Little Rock North, Little Rock and Conway named Top ten Best Places for Young Professionals to Live by Forbes Advisor. And some agree. I think that there's no no doubt here in Arkansas, central Arkansas that we foster some of the greatest minds in talent. The criteria for the ranking included employment and pay, housing affordability, lifestyle and cost of living. North Little Rock Chamber of Commerce saying investment in young people is crucial for the area.   Speaker 1 (00:14:11) - They're the next leaders. So we need to make sure that we can continue to recruit them and develop them because they're going to be the next people on our board of directors are going to be the next city council members.   Speaker 3 (00:14:19) - Mayor Frank Scott Junior, who's a millennial, says good public education and jobs are a must.   Speaker 1 (00:14:25) - We've seen historic job growth for close to 10,000 new jobs.   Speaker 3 (00:14:28) - Young professionals saying there's a ton of reasons why they like the area, the community affordability.   Speaker 1 (00:14:34) - Every single time I connect with someone and I'm I'm able to find a new opportunity, whether it be inside of work and with my career or outside of work with just having fun.   Speaker 3 (00:14:44) - And for the future. So I'm hoping the state will create policy that will continue to attract more young people and think about the ways that we can continue to attract diverse professionals and how policy can impact people's image of the state and of the area specifically. Now, Forbes advisor also says that the areas are evolving into an entrepreneurial and innovation hub, which may also attract young professionals on your side. I'm Brenda Lipinski.   Speaker 1 (00:15:09) - Okay, Brenda, thanks so much. Forbes also likes the cost of living in central Arkansas, where the median home price is about $200,000. Right. So that's what the media is reporting.   Speaker 1 (00:15:20) - But you're right there, you're the boots on the ground. So tell us more about population growth and job creation and just overall the market vibe in the drivers there in central Arkansas. We have continued to see growth here. You know, I think it was mentioned that over 10,000 jobs created in just the last five years. One of the things that stands out here, too, is really driving that growth is that we're kind of known as a distribution hub or an upcoming distribution hub. A lot of that has to do with our geography and where we're located very centrally in the United States. And we're at the crossroads of two major interstates, I-40 and I-30. And so we've seen in just the last five years a very large Amazon facility put in actually three different fulfillment centers put in. So that's said to have brought in around 2000 jobs just right there. Then we've seen other big retailers come in like Lowe's and Ace Hardware and Dollar General, and they've all built distribution fulfillment centers here as well. And then even still we seeing growth with manufacturing moving into our river port here.   Speaker 1 (00:16:26) - It was just announced this year that a big Trex facility, they manufacture decking materials and from environmentally friendly sources and they're putting a major operation here. And they were drawn here for the location in proximity to the interstate. So those things really are driving us right now. A lot of our growth is accelerated by this sort of fulfillment warehousing distribution space. We have other drivers, too, and just the last few years, very diverse in the economy here. But we have a large tech company here called Apta. G. They were created right here in Little Rock and have really accelerated their growth. I believe they're said to get up to around 800 jobs. And those are all young professionals that could be working in Silicon Valley if they wanted to. Very diverse. We have aerospace here with Disso Falcon Jet, and then we have lots of government jobs here. We are the state capital. So we have all of our state government here. We're also a major medical center. So all of our medical professionals train here.   Speaker 1 (00:17:24) - Our medical school for the state is here in Little Rock. So all of our large hospitals there's on that note, things that we have coming now, they're announced they're building a new dental school here in Little Rock. So there's not a dental school in Arkansas currently. Also building a veterinarian school here in Little Rock. These are both going to be attached to another college that's here in Arkansas. So starting on a good foundation for those two schools. But that's another exciting move for Little Rock. So all these things are driving the workforce and bringing in younger workers, generating out workers from the medical school, for example, putting them out into the marketplace here. So we have a lot of young professionals, and I think that's why Forbes ranked us in the top ten of places for young professionals to live being the state capital there. Yes, you have that base of government jobs, some of the private sector jobs you mentioned you mentioned the expansion of medical. You know, these are two areas, government and medical that rarely contract very much, especially with the medical often growing and then with the government jobs, with the state capital being there in Little Rock, those just aren't the type of jobs that are going to be outsourced.   Speaker 1 (00:18:32) - And they're also not going to move the capital from little Rock to Pine Bluff, Arkansas, anytime soon either. So you do have that base there. And Brian, you and I were looking at different media articles recently and studying more statistics. No one area has it all. Little Rock has a lot of advantageous drivers, especially a high ratio of rent income to purchase price for investors. And we'll get into that later. But really with one of the statistics that we were consuming together, basically, if you think of it as gradients in an area's population growth and job growth, maybe let's think of five of them. There's high growth, there's slower growth, there's no change, there's slow decline or there's fast decline. And of those five, it seemed to be pointing to that second one, slow growth for the area. Yes, I mean, we're a very linear market here. Our growth is consistent. We haven't had a major increase or a major dip. We're just very consistent in linear in our growth.   Speaker 1 (00:19:32) - But it is continuous. We've seen that happen with even with housing, we've seen a lot of permits increase in the last few years, more multifamily permits even than single family permits. And it kind of tells you that the demand that's there for housing that rises along with the growth we are in that category, I would say, yeah, that's right. When we think about slow population growth, obviously those people need to be housed somewhere. And in the past decade you touched on it. To your point, both Little Rock and North Little Rock have had more multifamily built than they've had single family homes built. And nationally we are just so undersupplied depending on what numbers you look at. Were millions of housing units undersupplied nationally? How does that translate to the local picture there in central Arkansas, including Little Rock as far as being oversupplied, adequately supplied or undersupplied with housing? Well, I think we're undersupplied with single family housing first, and there's a real demand there. And there has been an increase in multifamily and most of that multifamily increase is at the top of the market.   Speaker 1 (00:20:40) - So there's been a real shift in multifamily. And what maybe used to be an A-class multifamily building is now A, B or a C because new A-class has been built to replace it. So we've seen some shift there. But where the majority of the housing stock is coming from is the multifamily sector and that puts more demand on the single family rentals. I mean, that is still a very desirable place. I think most anyone who lives in an apartment or has lived in apartment aspire to eventually have their own home or be within their own four walls in a yard that, you know, they belong to them or they control or rent or whatever else and have their own piece. So their demand stays there for single family rental, but there's not as much being built. So we've really seen an increase in our single family rental rates. I know there's been increases across the country in rental rates, but usually it's linear here. But you know, we've with not a great big jump, but we've really experienced a significant jump over the last few years.   Speaker 1 (00:21:42) - And I think a lot of it is driven with the demand for the single family and there's just only so much of it Now. We think about investors. Of course, most of the investors that you provide product for come from out of state. They live in areas that aren't nearly as investor advantaged as Littlerock is, but that's about more than the numbers. Oftentimes it's about that local landlord tenant law. I've got to say, it's been a while since I've consumed any material about this, but I remember in the past reading for years that oftentimes Arkansas comes in as one of the most landlord friendly states. That's correct. And it's been that way for a long time here. Our process is very simple and it's very much in favor of the landlord. But here an average eviction, if you get to that point of having to evict, typically it takes 30 days or less to actually get the tenant that's fast and less than $1,000 and that's hiring an attorney. So you're hiring an attorney? We have several that specialize here in the Little Rock area, for example.   Speaker 1 (00:22:45) - They can turn this thing around in about 30 days. And the process is it goes to an unlawful detainer if you filed for eviction and the tenant hasn't followed the eviction process and hasn't followed the proper notices and the proper days to get out, then the legally you can follow a unlawful detainer. And once that process gets moving and it moves pretty fast, a writ of possession is issued. And so at that point, the tenant is actually served by a police officer and they don't it's not a harsh dragging out with handcuffs, but they show up and generally escort them out of the place. It's pretty quick process overall and it's backed up by law enforcement. So but in no means is it a bullying or a brutal process or anything like that. And most residents here in Little Rock in Arkansas in general, that's the way it's been forever. They understand it. And usually when you serve an eviction notice, it means business. And most tenants know it means business and they just abide by it. So really, we don't have to enforce all that many evictions all the way through other than that, we serve, so we serve evictions and they generally just get out.   Speaker 1 (00:23:51) - That's sort of the process in Arkansas is known as to being one of the most landlord friendly states, and it's been that way for quite a long time. Of course, we're highly interested in that long history of the law reinforcing landlord interests more so than tenant interests, since we are interested in being long term investors. And when we talk about a metro area there in and around Little Rock, including their MSA, which includes North Little Rock and Conway, and we sometimes want to think about, all right, now, what parts of town would fit ones by box? Because even in an investor advantaged place, you probably don't want class A+, single family homes because of those higher price points. Rents don't keep up proportionally. And then we also typically want to avoid class areas. Those properties are shabby. They can't attract a rent paying tenant and properties don't typically appreciate very well on those low end class properties. So tell us about those areas in the criteria that fit your buy box that you know that investors want to put in their portfolio? Yeah, that's correct.   Speaker 1 (00:24:59) - I mean, we really stick a lot into the space. We're looking for kind of that working class tenant. They've got a good job. They are, you know, blue collar. They're hardworking people. Generally it's a family. Those are the areas where we're focused on and we're not exclusively in Little Rock. As you mentioned, the metro area is about a 55 mile radius. There's about a million people within that radius, the metro area. And that encompasses other areas around us other than Little Rock. So the city of Little Rock. There's the city of North Little Rock, which is actually not just the north side of Little Rock. It's a separate city from Little Rock and the other side of the Sherwood, Cabot, Jacksonville, Conway, Benton, Bryant. All of these are communities, cities around us enjoying Little Rock. We find rentals in those areas, too. We target specific areas within those different cities where really that B-class property in that B-class tenant is looking to live. And so we're not just in Little Rock.   Speaker 1 (00:25:56) - We do venture out into some of these other areas and we're talking about the Little Rock, Arkansas, and the investor market there and its growth story. However, a slow growth story, perhaps it's not growing as fast as some Floridian counties are, where you have a lot of foreign in-migration, you're going to have less foreign in-migration, for example, in Little Rock as compared to a lot of other places. We think about where the tenant income stream is going to come from. We've talked about that. All of those market drivers there, we start to think about, all right, what are the properties like in the prices in the rents? So can you tell us about the property types and then get into some of the important numbers for investors, Brian, And tell us about the quality of the renovation you do to get that property ready and make it effectively turnkey for investors. Tell us about the properties, the prices in the rents. We try to target mostly single family and we do come across and dabble in some multifamily as well, and it's mostly smaller multifamily.   Speaker 1 (00:26:58) - So you know, anywhere from a duplex up to maybe a 20 or 30 unit complex and fits within our box. But mostly we're focused on single family rentals. Our criteria is a three bedroom. Obviously it's going to have a bath, but three bedroom, two bath is what we like. We do come across a lot of three bedroom, one and a half baths. A lot of these homes were built in the 1960s, 1970s. Those homes are going to have some of the more modern things, sheetrock versus plaster wire versus knob and tube. So, you know, those are reasons why we want to focus on those 1960s, 1970s homes. Again, most of them are three bedroom, one into two baths. Most of them are around 1200 square feet. And we do a fairly extensive remodel. We have a lot of boxes to check. But I would say our average home ends up with a new roof, new Hvac, new hot water heater, almost all new flooring. We always put in granite countertops.   Speaker 1 (00:27:53) - It's a staple in Little Rock. We find that that just is a little bit of a wow factor compared to some other competitors out there and what they're offering as a result. So we pay attention to the finishes. We want all the hardware to match, we want all the light kits to match. We want everything to feel uniform. And our whole philosophy is we're trying to attract best quality tenants we can, but we want this to be it. Hope this is the best rental property they've ever had as well. We want them to really fall in love with the property and our number one goal is to retain tenants for as long as possible because one of our biggest killers is turnover cost. So, you know, if you lose a tenant, you've got to get that thing rent ready and put it back out on the market. And you've got to go through the whole process of finding a new tenant. So what we find is by providing a better product, it equals longevity of the tenant and then staying with us for a long time.   Speaker 1 (00:28:46) - And we typically start with an 18 month lease with escalators there with rent increases built in. But we find that we keep tenants for three and four years. Really good success with that. And think a lot of it is due to the areas we pick and then the product that we put out in the market. That's an excellent tenancy duration between 3 and 4 years with what you just laid out and describe there with these fresh rehabs and even granite countertops in your single family homes, it kind of feels like your own. So therefore you want to be a tenant longer. And I think that tenant duration, as long as mortgage interest rates stay high, really is set up to lengthen because it's that much more difficult for a renter to go out and be a first time homebuyer. So therefore, if you put them in a rental that they're really happy in and get that right right from the beginning that you guys do, it's unlikely that they're going to move into another rental because it's hard to do better than that.   Speaker 1 (00:29:40) - And it's also difficult for them to buy their own home due to this affordability constraint with the higher mortgage rates and higher prices. And when it comes to property prices, we listen to that media piece earlier where it was stated that the average or median home price, whatever it was, is about 200 K. So tell us about what rent we would see with what price for one of your typical properties there that you prepare for investors? Long var properties once they'd gone through the full turnkey renovation process and have been rented, they fall somewhere in a price range of 115 to say $140,000. Maybe our average sweet spot there. And those rents range anywhere from 1200 to $1500 a month, just sort of depending again on the location where it is and that sort of thing. So that medium may be up there in the 200 range. But again, we're sort of focusing on the B-class areas. And so that's where our price points tend to fall, that sort of like 120 to 140 price range. And if you're new to the show and you're a listener in Brooklyn, New York or Burbank, California, we're not talking about the 20% down payment amount here.   Speaker 1 (00:30:51) - We're talking about the complete purchase price amount with what we've discussed there. Tell us about your availability just in general over time. The inventory here, not unlike a lot of places around the country, is very tight right now. I mean, a lot of people are staying in homes and real estate just isn't moving like it was. So we're still finding opportunities, but not like we were. And that goes all the way down to home owner occupants. They're having a hard time finding places to buy because the sellers aren't selling. And that I think, trickles down to tenants as well. They're just fewer places to rent. That's what we're seeing. There is less supply than demand. And when something is coming on the market, I mean, it's getting gobbled up pretty quick, be it a rental or a property to buy. So the demand is still very strong and inventory is low. No, I'm curious, with prices that low, 150 K or less now that mortgage interest rates are higher, I think you know that I'm a leverage fan and we have ratios like that.   Speaker 1 (00:31:52) - You might be able to pay a higher interest rate yet still have cash flow but with higher interest rates. Brian Have you seen it where anyone is interested in making an all cash payment, a greater proportion of those people than there used to be? Yeah, absolutely. I mean, we're seeing people bring more money to the table for the down payment. We've seen quite a few cash buyers that we didn't normally see before. So yeah, people are just, you know, using their resources to write some of these things out or there's understanding to that this interest rate level is probably short term. And so they're like, you know, hey, let me go ahead and get this great property and hold on to it. Now, put a little bit more money into it. I'll refinance it later. So we are seeing a lot of people think more with that type of strategy in mind. I guess one approach is paying all cash now and then mortgage rates come down to a level where an investor is comfortable.   Speaker 1 (00:32:40) - They could maybe do an 80% cash out refinance. In my experience. What I've found, though, is that usually when someone pays for a property, all cash, no matter what mortgage rates do, they don't go back and get a mortgage on it. They just leave it paid all cash. That's what I always tend to see happen. Absolutely. And that's not a wrong way to go at all. I'll tell you what. And with appreciation built in and then, you know, all the other benefit tax write off benefits and those types of things. I mean, it ends up being a great place to put your cash if you had your cash, if you look at the full picture of the return. So to your point, people who go there temporarily end up staying there, right? Yeah, it goes from temporary to permanent and keep that paid off condition, even though it probably doesn't make a lot of financial sense. But it can depend on what situation. Well, in conclusion here, is there just anything else that an investor should know in general about the Little Rock market or Little Rock property or the particular renovations that you make to the property there? One thing just to point out kind of from an earlier part of our conversation about why, you know, the city is great for young professionals and had that Forbes ranking.   Speaker 1 (00:33:48) - And, you know, our cost of living here in Little Rock is 17% below the national average. So your money just goes further here. I believe. And I think that translates out right. And you know, at our unemployment is around 2%. So it's a very low unemployment rate. So the cost of living is lower your dollars go farther. Your tenants here tend to be more stable. There's job opportunities for them. So I think all of that builds into why Little Rock is a great investment market and why we see tenants stay in units for longer than their lease periods. As far as availability and quality of renovations, I mean, we certainly have availability. We have deals popping up all the time. I mean, we're known for our renovations and being at the top end of our renovations and a lot of our tenants come to us almost word of mouth. They've been in one of our rentals before with a friend or neighbor, and a lot of times they are knocking on our doors as we're renovating, asking when is this going to be available for rent? So a lot of it is reputation of product out there, even among the tenant population, not just the buyers out there.   Speaker 1 (00:34:53) - So I think those are some of the things we have going for us here. We continue on our our journey here. We've been investing in Little Rock since 1997, so we've got a great track record here and a lot of great experience. Yeah, Your volume of repeat investors that want to keep buying there is really a testimony to what you're doing. Well, thank you so much for sharing this. It's really an opportunity a lot of people don't know about or a lot of people don't think about. It's hard to find a more investor advantaged place than Little Rock, Arkansas, and surrounding central Arkansas. There for you, the listener from Marketplace, you'll see our little rock provider there or contact your investment coach If you don't have an investment coach yet, you can visit Marketplace com slash coach and pick your coach It's been great chatting about Little Rock. Oh yeah, a great chat about Little Rock. You know, one of the things that I visited while in Little Rock, it was the Clinton Presidential Library.   Speaker 1 (00:35:56) - It's worth checking out. But, you know, the one thing that I did not see, despite all the memorabilia and historic tributes to Bill Clinton there, there was not one mention, nothing about Monica Lewinsky. I could not find one in the whole place. I guess it's his library and he'll be remembered how he wants to be. But yeah, these numbers really work for investors 1200 to $1500 rent renovations like what we discussed in purchase prices of 115 to 140 K, So you can start with one of those properties or get a pack of these smaller sized single family rentals and then they can manage them all for you long term. They seek tenants for life there, quote unquote. So we're talking about working class, stable families now here in central Arkansas that should not be confused with higher priced areas out in northwest Arkansas. Okay. The provider and I were talking off air about a story that's emblematic of that area, Northwest Arkansas, a schoolteacher priced out of Bentonville. She couldn't find housing there. So she lives in a Fayetteville rental and commutes into Bentonville.   Speaker 1 (00:37:12) - Okay. Those are both northwest Arkansas cities. Of course, Bentonville is famously known as the Walmart headquarters. So we're not talking about northwest Arkansas here, which is an area that just doesn't work as well for long term rentals as Little Rock, central Arkansas. Forbes Even highlighting that Little Rock ranks as one of the top ten places for young professionals to live in, pointing out those super low house prices, Little Rock should be considered to see if it fits into your portfolio as a stable place with some of America's very best cash flows, which you can do is from Marketplace. You'll see our little rock provider there. If you want to connect with the provider yourself, you can also go directly to Marketplace slash Little Rock or if you prefer, contact your investment coach. It is free and Jerry marketplace slash coach until next week when I'll be back to help you build real estate wealth. I'm your host, Keith Winfield. Don't quit your day dream.   Speaker 4 (00:38:16) - Nothing on this show should be considered specific, personal or professional advice.   Speaker 4 (00:38:20) - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:38:44) - The preceding program was brought to you by your home for wealth building. Get rich education.  

For Episode 157 of the Wealth On Any Income Podcast, Rennie welcomes back Fritz Gilbert.Fritz retired in 2018 at the age of 55 after a 33-year career in Corporate America.  For the past 8 years he has been writing about his preparation for, and transition into, retirement on The Retirement Manifesto, the award-winning blog he founded 3 years prior to retirement.  In addition to the blog, Fritz published his first book in 2020, Keys to a Successful Retirement, which captures his key things he learned from his journey into retirement.Interested in some key things to help you achieve a great retirement?In this episode, Rennie and Fritz cover:01:45 Rennie and Fritz discuss a cousin of Rennie's who is about to retire and doesn't have a concrete plan for the non-financial aspects, which Fritz shares is not uncommon.03:45 The word “retirement” and how it makes Rennie uncomfortable, and how Fritz sees it.05:16 How Fritz likes to refer to retirement as the starting line and how that fits for everyone including the FIRE community (Financial Independence Retire Early).07:29 Fritz shares an update on the charity he and his wife run – Freedom for Fido – and how it has grown in the last two years.10:45 The things Fritz feels that, beyond a paycheck, need to be considered to position you to have a great retirement.12:33 Fritz shares the story of how a friend of his tried to unsuccessfully use his work skills with his wife at home after retirement!13:16 How the life changes retirement brings can impact everyone in the household and why discussing that ahead of time is important.15:59 Fritz can be contacted via his website theretirementmanifesto.com where he also has over 400 articles that he has written on his retirement journey.“But if you think a little bit deeper, and this is what you realize, when you leave work, paid work, voluntarily, or maybe not voluntarily. But when you're no longer working, you start realizing all of the non-financial benefits you also received from work. And thinking about how you're going to replace all of those in retirement, or once you're financially independent, that's where your focus should be. And it is things like relationship, right? You have relationships in the office, or in the plant, if you work in a plant. You have a sense of purpose. You've got a structure to your day. You've got objectives. You're driving towards achieving something. You get that sense of accomplishment when you put together a presentation and give it to the boss and you get the little pat on the head and say, Hey, good job on the presentation. You've got all of those things that just are gone, the day you leave. And most people don't realize the importance of all of those non-financial benefits from work until they're gone.” – Fritz GilbertTo learn more about Fritz and read his extensive blog visit theretirementmanifesto.com.If you'd like to know how books, movies, and society programs you to be poor, and what the cure is visit wealthonanyincome.com/tedx. You'll hear Rennie's TEDx talk and can request a free 27-page Roadmap to Complete Financial Choice® and receive a weekly email with tips, techniques, or inspiration around your business or money. AND if you'd like to see how you can increase your wealth and donate to the causes that touch your heart. Please check out our affordable program ‘Wealth with Purpose'.Rennie's Books and Programshttps://wealthonanyincome.com/books/Wealth with Purpose:https://wealthonanyincome.com/wealthwithpurposeRennie's 9 Days to Financial Freedom program:https://wealthonanyincome.com/programsConnect with Rennie Websites:WealthOnAnyIncome.comRennieGabriel.comEmail: Rennie@WealthOnAnyIncome.comLinkedIn: https://www.linkedin.com/in/renniegabriel/Facebook: https://www.facebook.com/WealthOnAnyIncome/Twitter: https://twitter.com/RennieGabrielYouTube: https://www.youtube.com/channel/UCdIkYMOuvzHQqVXe4e_L8PgInstagram: https://www.instagram.com/wealthonanyincome/

Explore the half-built bridges in your life that might sabotage your success and understand why settling for mediocrity is not an option. Uncover actionable steps to escape the cafeteria-style life, embrace your true potential, and make a meaningful contribution by diving in today!KEY TAKEAWAYS  How can you tell if you are living a cafeteria-style life? The mindset that sabotages an individual's successWhy you should not settle for a cafeteria-style life  4 things to do to transition out of cafeteria-style life  The value of your contribution to the world RESOURCES/LINKS MENTIONEDEp420 Stop Lying to Yourself: https://bit.ly/3PoNBEw Sizzler: https://sizzler.com/ CONNECT WITH USSchedule a 20-min get-to-know each other call - bit.ly/3OK31kISchedule a 20-min call to explore performance coaching - bit.ly/Coaching-JulieSchedule a 30-min call to learn about investing with Three Keys Investments - bit.ly/3yteWhxJoin the Book and Networking club via Zoom at: bit.ly/3HBPnQw or sign up at: bit.ly/3c0dr1uVisit ThreeKeysInvestments.com to download a free e-book, “Why Invest in Apartments”!Learn how to reduce your tax liability by scheduling a FREE consultation at https://modewealth.com/If you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1I Please RSS: Review, Subscribe, Share!

Today's guest is Bruce Wuollet, the Founder and Owner of Bakerson LLC. Growing up in the bakery business in the Twin Cities in Minnesota, Bruce wanted to pay homage to his late father (hence the name, Bakerson). After trying his hands in a few different ventures in Minnesota, Chicago, and Phoenix, he finally found his niche in real estate. With a proven track record of success throughout Bakerson's 20-year history and thousands of individual units bought, repositioned, and sold, Bruce has overseen all aspects of the business, from operations, acquisition, and project leadership to equity fund management, syndications, legal, finance, and more! His focus is finding good deals while his passion is serving residents, building relationships, and creating communities out of apartments. Listening in, you'll learn why Bruce attributes Bakerson's success to their hyper focus on workforce housing, coupled with their reputation for tackling ‘tough' projects, which has provided them with tremendous credibility. Bruce also shares how his business has evolved over the last two decades and offers some insight into the value adds his tenants care about, some of the unique challenges and opportunities that come with workforce housing, and his innovative approach when it comes to long-term hold periods, as well as how his father taught him to value relationships, and so much more! Tune in today to learn more!Key Points From This Episode:A glimpse into the early days of Bakerson and how the business has evolved since.Why Bruce believes it was a mistake not to embrace wholesaling through technology.Insight into Bakerson's focus on an underserved demographic: workforce housing.Defining who Bakerson serves as lower middle class and upper lower class.Value adds that Bruces' tenants care most about: safe, functional, durable, and clean.Why amenities are less important than curb appeal for workforce housing.The pros and cons of working with properties built in the 1960s and ‘70s.Some of the biggest challenges and opportunities unique to workforce housing.Why Bruce values his connections with the communities that he invests in.Bruce shares his innovative approach when it comes to long-term hold periods.The three types of investors attracted to this model.Progress on the 65-unit motel conversion project Bruce is working on in Sierra Vista.Buying per square foot, having multiple contractors work in sync, and other key takeaways.How underwriting is impacted by inflation and supply chain delays.Hear the story behind the company name, Bakerson, and how it honors Bruce's father.Bruces shares his vision for Bakerson in 10 years' time; living off cashflow alone.Links Mentioned in Today's Episode:Bruce Wuollet on LinkedInBakerson LLCBakerson LLC on LinkedInBakerson LLC on FacebookPeter Pomeroy on LinkedInPeter Pomeroy Email Vertical Street VenturesPassive Income Through Multifamily Real Estate Facebook Group

Tanya Hansen has the morning's top stories from the WCBS newsroom.

This week, our Bear Family creates a major imposition on their local fire constabulary. also, the history of firefighting! Also, Restaurant. Apartments? Maybe!

Best Masterclass Yet! Neal Bawa got all Mad Scientist on us with his insights on numerous aspects of the industry, the economy, multifamily data, bridge loans and inflation. Don't skip this one! Topics covered include: How BTR got started What is BTR? People don't consider apartments like their own home Benefits of BTR How do you sell and raise capital for BTR? Is the economy right for BTR? Right now is a great time for Land Banking and Land Squatting When interest rates go up, apartment values go down, land goes way down How do you talk about inflation with investors? People on the sidelines are not investors, they're speculators Is Multifamily Red Ocean right now? When will Bridge lending come back? Cap rates are trailing indicator of the cycle! BTR is Multifamily! In order to sell BTR to people you must convince them of that! Find Neal at https://grocapitus.com/ and https://multifamilyu.com/ Access our Master Classes with Super Star Syndicators like Neal Bawa and Richard Wilson at https://legacyacquisitions.com/webinars/ Book a call with Ruben at calendly.com/rlgreth If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp

Moving Apartments, Eiffel Tower Talk & Traffic Cone PrankSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to the Knights of the Rogue Republic! This week Amber, Jade, & Joey go over the latest episode of Ahsoka, Part 6: Far, Far Away.Come with us to geek out about yet another galaxy far far away. Where we start to see the strings of fait take us down a path we can only see in our dreams. May the force be with you and as always, We hope you enjoy the view from Walt's Apartment.Please consider joining us in our Patreon campaign.https://www.patreon.com/waltsaptpodcastIf you want to book a Disney Vacation please use our friends at Getaway Today. Also if you call 855-GET-AWAY and mention Walt's Apartment you will get a unique value just for saying us.https://www.getawaytoday.com/?referrerid=8636Check Out Sunken City Designshttps://sunkencitydesigns.bigcartel.comCheck out Awesome Backpacks atDisney Theme Park Backpack - Designer Park Co.Remember to use the code WALTSAPTPOD at checkout for additional savingsBe sure to get all your news from the Disney Universe from our friends at The Disinsider. They are your one-stop for all things Disney.Follow us on Instagram for all the fun https://www.instagram.com/waltsapartmentpodcast/Everything MattersEverything Matters is a weekly creepy fiction podcast set in a strange paranormal world. Listen on: Apple Podcasts SpotifyWe are proud to be part of the Disney Podcast Family , checkout all the other great shows below https://linktr.ee/DisneyPodcastFamily

Join Al Gordon as he discusses the benefits of owning a Multifamily Community. Forget about buying an NFL team – owning an apartment complex is a realistic aspiration that can become a reality with the proper education and strategies. Discover how apartment ownership can provide you with tangible assets that generate passive income, appreciate in value, and offer a multitude of tax advantages. It's time to turn your dreams into reality! Click to Listen Now

Join Sam , Amanda and Louis  as they bring loads of Disney fun from Walts apartment live. Thank you for joining us, and we hope you enjoy the view from Walts Apartment.Please consider joining us in our Patreon campaign.https://www.patreon.com/waltsaptpodcastIf you want to book a Disney Vacation please use our friends at Getaway Today. Also if you call 855-GET-AWAY and mention Walt's Apartment you will get an exceptional value just for saying us.https://www.getawaytoday.com/?referrerid=8636Check Out Sunken City Designshttps://sunkencitydesigns.bigcartel.comCheck out Awesome Backpacks atDisney Theme Park Backpack - Designer Park Co.Remember to use the code WALTSAPTPOD at checkout for additional savingsWe are proud to be part of the Disney Podcast Family , checkout all the other great shows below https://linktr.ee/DisneyPodcastFamily

Dennis Morolda is back on the show today to teach us how nurturing and guiding our kids through life's challenges yield infinite returns and prepare them to thrive in an ever-changing world. It's time to redefine what it means to invest for a brighter future, so don't miss out!KEY TAKEAWAYS  Building Men: Its history, concept, and the purpose behind its movement  Essential tips for instilling confidence and training your kids to deal with setbacks 5 must-haves for the kids to succeed and 3 challenges they needed to overcome The importance of setting boundaries for your children How to invest in valuable friendships and praise your kids the right way RESOURCES/LINKS MENTIONEDThe Super Mario Effect - Tricking Your Brain into Learning More | Mark Rober | TEDxPenn: https://www.youtube.com/watch?v=9vJRopau0g0 Fearvana by Akshay Nanavati: https://amzn.to/3PGNTrQ GoBundance: https://www.gobundance.com/ Tribe of Millionaires Podcast: https://apple.co/47NxSqP Chris Ruden: https://chrisruden.com/ Mindset by Carol Dweck: https://amzn.to/46aT4p6 Join the Enlifted All-Star coaches and industry leaders for a weekend of learning and connection! Don't miss out on the Enlifted Experience Richmond 2023 – secure your spot by clicking https://enlifted.thrivecart.com/enlifted-experience-richmond-2023/ and snag a special discount now!ABOUT DENNIS MOROLDA Dennis is a father of three, mentor of countless young men, and the founder and CEO of Building Men, a motivational destination for real talk about purpose, mindset, relationships, connections, and the foundational building blocks to success. A former teacher, coach, principal, and member of the Enlifted Team, Dennis now works with individuals, schools, and organizations all over the country, providing professional development, assembly programming, motivational speaking, and life coaching.  Dennis specializes in working with young men navigating the difficult terrains of adolescence.  CONNECT WITH DENNIS  Website: https://www.buildingmen.io/ Podcast:https://bit.ly/3nykDIk Instagram: https://www.instagram.com/building.men/?hl=en CONNECT WITH USSchedule a 20-min get-to-know each other call - bit.ly/3OK31kISchedule a 20-min call to explore performance coaching - bit.ly/Coaching-JulieSchedule a 30-min call to learn about investing with Three Keys Investments - bit.ly/3yteWhxJoin the Book and Networking club via Zoom at: bit.ly/3HBPnQw or sign up at: bit.ly/3c0dr1u Visit ThreeKeysInvestments.com to download a free e-book, “Why Invest in Apartments”! Learn how to reduce your tax liability by scheduling a FREE consultation at https://modewealth.com/ If you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1I Please RSS: Review, Subscribe, Share!

Adam welcomes comedian Orny Adams and Teresa Strasser to the show. They talk about DMV photos, on-air meltdowns, and ex-Spanish soccer president Luis Rubiales. They also talk about Teresa's new book, Making it Home, and have a chat with Teresa's father. Next, Teresa reports news stories about Eric Clapton, Danny Masterson, and Howard Stern. Lasty, Adam welcomes author Richard Hanania to discuss his new book outlining the origins of the woke movement. PLUGS: See Orny Adams live: Bellflower, CA - The Stand Up Comedy Club - September 23rd Hollywood, CA - Hollywood Improv - September 29th Pasadena, CA - The Ice House - October 6th Cleveland, OH - Agora Theater & Ballroom - October 13th And for more live dates, visit OrnyAdams.com Listen to ‘What's Wrong With Orny Adams' wherever you find podcasts Catch Orny Adams Sundays on KFI 640 am in California and syndicated worldwide on iheart radio Follow Orny on Instagram, TikTok, and Twitter: @OrnyAdams Check out Teresa Strasser's new book ‘Making It Home: Life Lessons from a Season of Little League' wherever you find books Visit TeresaStrasser.com And follow Teresa on Twitter, @TeresaStrasser Check out Richard Hanania's new book ‘The Origins of Woke: Civil Rights Law, Corporate America, and the Triumph of Identity Politics' wherever you find books Visit RichardHanania.com And follow Richard on Twitter, @RichardHanania THANKS FOR SUPPORTING TODAY'S SPONSORS: http://Apartments.com Download the Viator app and use code VIATOR10 http://OReillyAuto.com

Vinos… Julie Chen Moonves is on the podcast today! Big Brother fans will understand Kaitlyn's excitement as she sits down to talk with Julie about how a pivotal moment changed her life and, of course, Big Brother. Julie shares how she went from being consumed in her work, getting caught up in the hussle culture to finding gratitude in every waking moment. She is living life with a new perspective and wants to share her story with the world to inspire others. And since Kaitlyn has been a Big Brother fan since season 4, she couldn't help herself from going full on fangirl and asking alllll the questions like, who the heck is Zingbot, who does she think was robbed of a win, and would she ever join the game? Plus, Julie shares some behind the scenes moments and what three contestants from past seasons she would form an alliance with. This episode is one for the books! Check out Julie's audio memoir, ‘But First, God' out now! THANK YOU to our sponsors! Check out these deals for the vinos: OAK ESSENTALS — Get 15% off your first order when you use code VINE at OakEssentials.com. 90 DAY: THE LAST RESORT SESSIONS — Listen to the 90 Day: The Last Resort Sessions podcast wherever you get your podcasts. QUINCE — Go to Quince.com/vine to get free shipping and 365-day returns on your next order. APARTMENTS.COM — The place t o find a place.

If you thought Summer of KUNT was dead, well… maybe you would be right actually. Or MAYBE you would see it as an opportunity to herald the arrival of the first ever KUNTUMN, during which returning legend Sudi Green inspires us all to get in our full woman-in-her-30s bag. Join the boys as they record from a Las Cultch Cultural Heritage Site (Matt's LA apartment) and talk the first episodes of “The Morning Show” season three. What follows is a spirited discussion on Lauren Boebert's perfectly moving hair during her game of Find the Sausage at “Beetlejuice,” what Matt and Bowen would order at any given restaurant, affirmation water bottle culture, and if comedy is “hee HEE ha-ho, ha HA hee HAY” or “ho HA HA hey-hey HEE ha hoi.” All that plus a debut of Matt's latest song “When Two Men Kiss (It Is Amazing)” and a test to see if “Reba has no top lip” is a good conversation starter. As Sudi Green may have once said to a little girl, “Diva, welcome to America, baby.” It's more of THIS every KUNTUMN. See omnystudio.com/listener for privacy information.

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

It's the late 90's in Houston, Texas and a serial killer is on the loose, having already strangled at least three women to death. His signature? A ligature tied around the neck, and tightened with a tourniquet. Sponsors: Angi: Download the free Angi mobile app today or visit Angi.com Progressive: Multitask right now. Quote your car insurance at Progressive.com to join the over 29 million drivers who trust Progressive. ZocDoc: Go to Zocdoc.com/CCF and download the Zocdoc app for FREE. Then find and book a top-rated doctor today. That's Zocdoc.com/CCF Apartments: Check out Apartments.com , the place to find your pet friendly place. Warner: Listen to Deadly Nightmares wherever you listen to your podcasts

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw

As a bonus for you, we're sharing the trailer for Murder in Apartment 12, an all-new original podcast series from Dateline and Keith Morrison. The story starts with Nona Dirksmeyer, a young beauty queen. Smart and talented, her future is bright. But just days before her 20th birthday, Nona is murdered in her apartment. Police quickly decide their primary suspect is the young man who found her – her boyfriend, Kevin. After all, his bloody palm print is at the crime scene. Case closed? Not by a long shot. In Dateline's latest original podcast series, Keith Morrison tells the story of three trials, two suspects, and one small town where things are not always what they seem. Follow now to get the first two episodes on September 26 completely free, or you can subscribe to Dateline Premium on Apple Podcasts to listen now, ad-free: https://link.chtbl.com/miat_fdtw