Podcasts about between josh

WelcomeWelcome back to The Real Estate Nerds Podcast! On today's Best Deals episode, our host, real estate attorney Scott Smith welcomes Josh Bauerle. Josh isn't just an investor--he's also a CPA. As we soon found out, his background in number-crunching truly served him when he made his first and best deal. Listen to the full show to hear the play-by-play of how a collection of Midwestern properties (and a series of carefully planned meetings and negotiations) launched Josh into the real estate world on the right foot.Josh Bauerle's Best Deal: Josh joins Scott to tell him a bit about his life before and in the beginning of his real estate career. Then, the two get right into the circumstances that led up to his best deal.[1:30] Josh is both an investor and a CPA. His CPA background informs his real estate investing, particularly regarding how he structures deals. Today he has 15 properties, though he started with only two. [2:00] Scott asks for the “10,000 feet” view of Josh's best deal. He began looking at a triplex in the rural Midwest, where properties are cheap. He eyeballed a $40,000 triplex, but was presented with 20 properties, but settled on 13 owner-financed properties. He ended up being able to take them all. Between receiving 90% of the financing from the seller and a loan for the remaining 10%, he acquired these properties with none of his own money down.[3:00] Scott asks how Josh managed to find the seller that made this deal possible. Josh knew the seller personally from his small hometown. The seller even knew his parents. Josh was able to leverage this relationship and negotiate until he was pleased with the deal structure.[4:30] Josh's familiarity with the area helped him make this deal: “This was in my hometown. I could look at the street and know if it was a good area or bad area.”[5:00] While his prior relationship with the seller served Josh, it also made him more hesitant to “lowball” him. The seller wanted $460,000. Since he made a counter-offer of $330,000.[5:49] Josh's experience as a CPA helped him manage this negotiation: “I came in with this giant binder. I had every single property I wanted laid out. I went onto BiggerPockets, ran the numbers, and looked at the numbers on comparable properties in the area.” Being so well prepared allowed Josh to justify his counter-offer without offending the seller.[6:40] Between Josh's thorough due diligence and smart negotiations, he ended up paying only $341,000 for all thirteen properties.[7:20] Convincing the owner to finance the properties was Josh's next step. He also showed up fully prepared with his credit report, income, and all the information to respond to the seller's potential objections. He was even able to point out how the financing would save the seller money on capital gains taxes. This strategy was successful: “I think the key was I just went in and every objection he had, I had an answer for it. So there was really nothing left for him to say.” [8:40]Sealing the DealJosh surely found a great opportunity with these properties. So Scott wanted to know how he finalized the deal and ensured his success with the seller.[9:00] Scott asks whether Josh had anyone coaching him through these sophisticated negotiations. He did not. Josh relied on his experience as a CPA and his experience as partial owner of family properties to make the deal.[10:09] Josh points out that new investors are often too quick to accept unfavorable terms, and cautions against this: “You have to be willing to walk away if it's a bad deal.” Scott asks what dealbreakers Josh knew going in, and he shares what he wasn't willing to budge on and what his “walk-away number” was. [11:00] Josh was very mindful of his due diligence throughout the buying process. He was well aware that his properties, which averaged $39,000 each in value, weren't going to be perfect, but conducted thorough inspections to avoid missing major defects. The seller also had anxieties about what to do in the event he needed to foreclose on Josh. These were relieved by involving an attorney who drew up a contract that satisfied both parties.[12:51 Josh highlights a truth that this negotiation experience taught him: “I think with any deal you have to be flexible on either the terms or the price.”[13:45] Scott has found that in his experience, wealthier people are less fixated on price and more interested in good terms. He gives a couple of examples from his own investing life.[15:30] Scott asks Josh about the transition from closing to managing the properties. Josh explains that in this part of the country, owning property means managing it yourself. He had the good fortune of lucking into good tenants, and most of the properties were already occupied. His terms included that the seller get properties “rent-ready,” though the two were far apart on what that phrase actually means. For instance, he had to pay to fix a water line immediately on one property. Nevertheless, Josh's transition into management was smooth.The Takeaways: Build Trust and Do Your HomeworkJosh and Scott wrap up the show with the major takeaways listeners can learn from Josh's success story. The human pieces that made this investment work were Josh's ability to listen, research his properties exhaustively, and build the necessary trust to get the deal he wanted.[17:10] The two investors discuss the importance of trust in these transactions. Josh offers advice on going with your gut: “Something in you is going to to tell you that either you can trust someone or you can't...You've got to trust your instincts.”[18:41] Scott highlights how more points of contact and meetings with a person gives you a sense of who they really are. This doesn't apply just to his business, but is a general principle he also uses when hiring for his own firm, Royal Legal Solutions: “We don't hire anyone without having at least three contacts with them...People will tell you what's wrong with them. And everyone has something wrong with them, so once we know what it is, it's like ‘Cool. Welcome to the family!'”[20:00] While Scott's major lesson learned is getting to know a person well and develop trust, for Josh, the major lesson is the value of doing your homework. If he hadn't been thoroughly prepared and investigated every aspect of the deal--down to the cost of property taxes--he would not have been nearly as successful. He believes this also gained him credibility: “Successful people want to know that you did your homework.” [21:41][23:00] Scott makes one final observation about Josh's Best Deal: “This is a story about really listening to people and giving them what they what they want, down to an emotional level.”

“It is so easy to get the better of people when they care about each other — which is why evil will always have the edge.” ― Casanova Frankenstein, Mystery Men The brighter the sun the harder the shadows and LA is always sunny. To learn more about how Fiasco is played check out our primer episode. TILT: Failure - A stupid plan executed to perfection Paranoia - Two people cross paths and everything changes The characters for this game: Roger Stevenson, AKA Incisor (Steven Moverley) - An aged vampire hunter, from back when they weren't a protected class. Victoria Duplinious 5 (Stacey Douglass Moverley) - Female clone of the late Doctor Victor Duplinious. Victor Duplinious 17, AKA Incisor (John Holt) - Male clone of the late Doctor Victor Duplinious, styles himself a dental villain. Sabel O'Hare (Josh Mueller) - Former hero turned henchman to Dr. Yes, a leading member of the evil GLOVE organization. The grid for this game: Between Steve and John: Villains - Similarly themed villains fighting for the use of the same name PLUS a Need - to get even with the whole damned world. Between John and Stacey: Family - Clones PLUS a Need - to get respect from the bureaucrats at GLOVE who classified you as a D-class villain. Between Stacey and Josh: Minions - New recruit and Old hand PLUS an Object - a doomsday device, Dr. Thunder's weather control device. Between Josh and Steve: Heroes - Hunted vampires together back in the 70's PLUS the Location - A rave in Stockholm. Find Stacey on instragram @stadomo Find Steve on his website stephenmoverley.com Find John on twitter @LordJoho Find Josh in Brooklyn sometimes! Follow us on twitter @boredghostworld Our Bored Ghost theme song is by the amazing Pat Cupples, see his band website Hotels and Highways. Bored Ghosts we hope you found some distraction from your eternity in the void this week!  

“What good is science if no one gets hurt?” ― Chrome Dome from The Tick The brighter the sun the harder the shadows and LA is always sunny. To learn more about how Fiasco is played check out our primer episode. The characters for this game: Roger Stevenson, AKA Incisor (Steven Moverley) - An aged vampire hunter, from back when they weren't a protected class. Victoria Duplinious 5 (Stacey Douglass Moverley) - Female clone of the late Doctor Victor Duplinious. Victor Duplinious 17, AKA Incisor (John Holt) - Male clone of the late Doctor Victor Duplinious, styles himself a dental villain. Sabel O'Hare (Josh Mueller) - Former hero turned henchman to Dr. Yes, a leading member of the evil GLOVE organization. The grid for this game: Between Steve and John: Villains - Similarly themed villains fighting for the use of the same name PLUS a Need - to get even with the whole damned world. Between John and Stacey: Family - Clones PLUS a Need - to get respect from the bureaucrats at GLOVE who classified you as a D-class villain. Between Stacey and Josh: Minions - New recruit and Old hand PLUS an Object - a doomsday device, Dr. Thunder's weather control device. Between Josh and Steve: Heroes - Hunted vampires together back in the 70's PLUS the Location - A rave in Stockholm. Find Stacey on instragram @stadomo Find Steve on his website stephenmoverley.com Find John on twitter @LordJoho Find Josh in Brooklyn sometimes! Follow us on twitter @boredghostworld Our Bored Ghost theme song is by the amazing Pat Cupples, see his band website Hotels and Highways. Bored Ghosts we hope you found some distraction from your eternity in the void this week!

Josh Wyant grew up playing baseball in North Carolina and was never the standout player but always had a passion for the game and worked hard at getting better. He was a three sport athlete between cross country, baseball and swimming and as college grew closer, he was told his best shot was at running. In his senior year of high school he moved to a new high school and was given the opportunity to improve himself to the level he needed through a coach who did more for him in that one season than any other coach in his life, Coach Pete Hardee. Between Josh's hard work and dedication and Coach Hardee's guidance, he was able to pursue a college baseball career with stops at Winston Salem State,Wilkes Community College and LeMoyne Owen College. Although these college baseball programs were within some of the lowest ranked conferences in NCAA baseball, Josh was able to put up some good numbers, even when playing some of the top schools in the nation during non conference games. "Never in my life was I a highly recruited player so I basically made the decision to go overseas as soon as I heard about it," replied Josh when asked about why he decided to play overseas. "I was well aware pro ball was never going to be an option for me and if I was going to keep playing baseball after college I was going to have to make my own opportunities just like I had done for college." During the fall of his senior year (2013) of college baseball Josh heard about the option to play in Europe after stumbling upon the IBC website while doing some research and signed up without even thinking much about it. However to Josh's surprise, within a few weeks he had emails from clubs from five different countries about coming to play.......

Lauren Beukes - author, journalist, comic scribe, and storyteller extraordinaire - returns to the Big Chair at the Roundtable to infuse this week's workshop with the insight, experience, and vision that is the hallmark of her many works in the world. She's joined by Guest Writer Joshua Cordasco who brings a tale of a magical power play that sees 99% of the world dead and our heroes - including a disgraced devil - left to figure it all out. Between Josh's fabulous story and Lauren's keen sense of story, this is classic Roundtable goodness fraught with Literary Gold!