Podcasts about deferred maintenance

Thom interviews Mike Stadelmayer of Church Growth Services, who provides three incredible stories about how God works to bless churches financially. In this episode, Mike shares the story of a church that raised funds miraculously for deferred maintenance. The post How God Is Working to Bless Churches Financially in Great Ways – Part 1: God’s Miraculous Work Providing Funding for Deferred Maintenance at a Church appeared first on Church Answers.

After the collapse of a Florida condo made national news in 2021, new safety regulations were enacted, requiring nearly 90% of Florida units to be updated. This left condo owners and buyers blindsided by a large backlog of deferred maintenance costs with no money saved to pay for them. In this episode of Upzoned, co-hosts Abby Newsham and Chuck Marohn explain that this situation is an example of the Growth Ponzi Scheme, where maintenance costs are hidden by rapid growth until they eventually come due and bury people or communities in debt. They discuss the effect deferred maintenance has on individuals and communities and explore possible paths forward. ADDITIONAL SHOW NOTES “Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare'” by Julia Echikson, The New York Times (October 2024). Abby Newsham (X/Twitter). Chuck Marohn (Twitter/X). Theme Music by Kemet the Phantom.

Erin & Tam chat with Tami Hackbarth from the 100% Guilt-Free Self-Care Podcast. Together, they explore what it means to reclaim self-care so you have the energy to build the life you want. Tami reminds us that self-care isn't selfish. Links: @tamihackbarth www.tamihackbarth.com (https://www.tamihackbarth.com) https://podcasts.apple.com/us/podcast/100-guilt-free-self-care/id1460142083 (https://podcasts.apple.com/us/podcast/100-guilt-free-self-care/id1460142083)

The Porsche Talk Weather Radio Show is back and it's raining…in AUSTRALIA! The guys are back and there's some HUGE news! Yes, Ajmal has actually had some work done on his Porsche 996 and it's significant….and there's even some progress on his 912. Marc has been a bit lazy on this occasion but he's got an excuse, the weather! Big plans are afoot, tune in to learn more. There's the usual tangents and nonsense thrown in for good measure as well. This is the Porsche Talk Radio Show! Ajmal is @flatcapdriver Marc is @marcandcars We hope you're listening from behind the wheel!

Its been a busy couple of weeks in the good old U.S.A. We've had a hurricane with a side of Blackout in Houston, we've had a complete collapse of computer systems nationwide which crippled the airlines, and we had an assassination attempt on candidate Trump that showed a broken Secret Service. It seems that no aspect of life can withstand a lack of Maintenance. G. Long and Deb take a look why "deferred maintenance" could be the new motto of our country. All this with a side of Louisiana news on this episode of the Long in the Boot Podcast!Thanks For Listening! Find us on Spotify, Apple Podcasts, and Facebook!Email: longintheboot@gmail.comCall Us: 337-502-9011

Navigating the Silver Tsunami: Impact on Housing Markets and Smart Selling Tips In this episode, we explore which housing markets will be most affected by the 'Silver Tsunami'—the wave of homeowners over 60 downsizing or selling their homes. We discuss the implications of this trend, focusing on areas like Santa Clara County and Los Gatos. Additionally, we touch on the importance of home maintenance for maximizing sale prices and review current market trends, including significant list price reductions and notable high and low home sales in various neighborhoods. Tune in for essential real estate insights and practical advice for both buyers and sellers. Los Gatos Home of the Week Santa Clara County High's and Low's FREE HOME BUYER CHECKLIST HERE Price Reductions 00:00 Introduction to the Silver Tsunami 00:14 Understanding the Silver Tsunami 00:52 Impact on Housing Market 02:06 Deferred Maintenance and Buyer Expectations 03:33 Selling Strategies for Older Homes 04:16 Current Market Trends and Price Reductions 06:05 Santa Clara County Real Estate Insights 10:51 Highs and Lows of Santa Clara County 11:52 Conclusion and Personal Note --- Send in a voice message: https://podcasters.spotify.com/pod/show/siliconvalleyliving/message

We've all been there. Somebody calls off. An emergency repair is needed. Something breaks down in the field. In these instances and others, maintenance managers have to make tough decisions about what tasks to do and what needs to be deferred.  With a growing list of deferred maintenance tasks, more things start slipping through the cracks, and even more work gets deferred. Soon, your team is in over its head with deferred maintenance. Deferred maintenance is not a new problem for parks and recreation agencies. It's an issue many industries face. In this episode of the Productive Parks 5-Minute Podcast, we take a closer look at deferred maintenance for parks and recreation, how it happens, and the effects of having a large backlog of work. Then, get some strategies to help manage deferred maintenance and efficiently start chipping away at it. ___________________________________________________________________________ The Productive Parks 5-Minute Podcast is for busy professionals working to change the game in Parks and Recreation. If you liked this episode, please check out more of our park and recreation maintenance podcasts or view some articles on our blog (https://productiveparks.com/blog). What's Next? SHOW SOME LOVE– Like the Episode and Subscribe to the Podcast! SEE A QUICK VIDEO of Productive Parks in Action - https://productiveparks.com/features/overview LEARN MORE and Schedule a Demo of Productive Parks Maintenance Management Software- https://productiveparks.com/demo

What's in Store? With Karly & Chris Join Karly Iacono, SVP at CBRE, and Chris Ressa, COO at DLC Management, for their monthly discussion of hot topics at the cross section of retail and real estate. On today's episode Karly and Chris discuss strategies to increase your cash flow from retail investment properties. Follow the timestamps below to skip ahead to your areas of interest. Densification: 1:33 Ancillary Income: 9:41 Lease Renewals & Updates: 17:57 Financial Strategies: 27:23 Cosmetic Updates & Deferred Maintenance: 32:13 This is a practical and informative episode not to be missed by retail landlords or aspiring investors! Karly Iacono | Senior Vice President CBRE Investment Properties | Net Lease Group O (201) 712-5612 | M (201) 600-3237 karly.iacono@cbre.com | www.cbre.com Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

Life moves FAST, especially with kids. Someone is always in need of a snack, a signature, homework help, and more snacks. It's easy to get in a tizzy when you feel like you're always going, going, going. But have you ever wondered what would happen if you just chilled the heck out? We've got Tami Hackbarth on the show today. She is a Life+Work Coach, Fair Play Facilitator, speaker, host of the 100% Guilt-Free Self-Care podcast, author of the book The Essential Guide to 100% Guilt-Free Self-Care, and creator of the group coaching experience Deferred Maintenance. She helps women get their time and energy back so they can create the world they want to live in. She provides practical tips for calming down, focusing on YOU, and tapping into self-care in order to chill out and live your best life - as a Mom and a woman. Honestly, we're OBSESSED with this episode and all the positivity it brings - we hope you'll love it as much as we do! Resources We Shared: Join our newsletter! Get connected to No Guilt Mom and get our Home Responsibility Calculator absolutely FREE, so you can make a plan to delegate the work. Learn more about Tami HERE! Listen to JoAnn on the 100% Guilt-Free Self Care Podcast HERE Happy Mom Summit A FREE online virtual event that brings you expert-led sessions, and a thriving community of like-minded moms ready to kick the guilt while raising respectful and responsible kids. The summit will be held live from March 4th to March 8th, 2024. 2024 No Guilt Mom Retreat- Connect with other moms, have fun and discover what make you…YOU again! Super Attractor: Methods for Manifesting a Life beyond Your Wildest Dreams by Gabrielle Bernstein Visit No Guilt Mom Rate & Review the No Guilt Mom Podcast on Apple here. We'd love to hear your thoughts on the podcast! Listen on Spotify? You can rate us there too! Check out our favorite deals from our sponsors here! Learn more about your ad choices. Visit megaphone.fm/adchoices

A school bond vote in Woodstock illustrates the difficulties of dealing with Vermont's massive backlog of building maintenance. Plus, the state's emergency motel shelter program appears on solid footing despite advocate concerns, Vermont's health commissioner comes out in support of overdose prevention sites, cannabis advocates aren't excited about a bill moving through the Legislature, and state parks will be open in a limited capacity during next month's solar eclipse.

Revitalization Rewards found in this episode: 1. Review the facility from an inspector's perspective. 2. Develop a plan to begin to solve the problems. 3. Stay focused and do not chase the fire. 4. Review where you can cut to invest.

In this informative episode of our real estate podcast, we're joined by Jacob Freeman, a renowned expert in home inspections and maintenance. Together, we dive into the critical world of home inspections, shedding light on why they are an essential step in the home-buying process. Jacob brings his wealth of knowledge to the table, discussing common issues found during inspections, and the impact of deferred maintenance on a property's value and safety. We also explore practical tips for both sellers and buyers on preparing for inspections, addressing maintenance issues, and understanding the long-term implications of property upkeep. This episode is a must-listen for anyone in the real estate market, offering valuable advice and insights that could save time, money, and future headaches. Join us as we unravel the complexities of home inspections and maintenance with expert guidance from Jacob Freeman.

VIDEO VERSION HERE:  THE DREADED EFFECTS OF DEFERRED MAINTENANCE IN THE LANDSCAPE Are you ready for this Winter Season? Have some deferred maintenance that needs to be done first? Comment below with the chores on your To-Do list for this Winter Season. So, you have some DIY Landscaping to get done? Yard Coach Channel offers everything you need to know to get started with your landscaping project - no matter if your project is a NEW INSTALLATION, a Makeover of an Existing Landscape, or just a small project within your larger landscape! // Save yourself 1000s of $$ with these TOOLS // FREE Seasonal Landscaping Checklist: https://www.youryardcoach.com/seasonal-landscaping-checklist 15-Step DIY Landscaping Project Checklist:  https://www.youryardcoach.com/15-step-diy-landscaping-project-checklist (Guide + Bonus Podcast) LANDSCAPING SIMPLIFIED - eBook: An Introductory Guide to DIY Landscaping for Today's Modern Homeowner:  https://www.youryardcoach.com/landscapingsimplifiedebook HOMESCAPE 1.0 is The Complete A-Z Online Course| Plan, Start and Complete your DIY Landscape Project: https://www.youryardcoach.com/homescape-1-0      // Yard Coach YouTube PLAYLISTS for the DIYer- Education | Ideas | Tips | Motivation // DIY Landscape Education: https://youtube.com/playlist?list=PLP6kPBDGjeCdSWvlf6gYXeetoJXB7COQk DIY Landscape Design: https://youtube.com/playlist?list=PLP6kPBDGjeCengvSIVDZNRhGw8odOyEzk Plant of the Week: https://youtube.com/playlist?list=PLP6kPBDGjeCd9qVdUW-3coq0VWuPlbydj Pro Landscaping Tips/Shorts: https://youtube.com/playlist?list=PLP6kPBDGjeCcfc2dV-I819emh9A5GkP9D ALL PLAYLISTS HERE: https://www.youtube.com/@YardCoach/playlists   // MORE DIYer TOOLS & SYSTEMS // Yard Coach YouTube Membership: PERKS AND DISCOUNTS: https://www.youtube.com/channel/UCFClOqy6l2apFNgJIMcKYQQ/join GET LANDSCAPE STRONG TODAY: Join the Yard Coach "Crew" Newsletter:  https://www.youryardcoach.com/newsletter   // SHOP MY STUFFS // Yard Coach Website: https://www.youryardcoach.com

Mat Zalk is the President and Property Manager at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, and Arkansas. He focuses on the acquisition and management of single and multifamily residential properties on behalf of himself and a small network of investors. Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group, where he worked closely with the CEO and senior management team on various international acquisitions, scaled local teams in the group's Saudi Arabia and Egypt offices, and executed a number of strategic projects in the business' core market of Dubai. Mat has been an active investor since 2014 and is a licensed real estate agent in Oklahoma. In this episode… Sometimes owners choose to postpone repairs or upkeep on their properties. However, neglect can lead to more problems, including structural damage, mold growth, and pest infestations. So what preventative measures should landlords take to avoid costly repairs? As an experienced property manager, Mat Zalk has observed numerous issues caused by deferred maintenance. For example, wood fixtures on homes decay over time, so Mat recommends applying a fresh coat of paint every two to five years, which costs less in the long run. Another significant component to consider is the HVAC system. He advises checking the refrigerant levels and ensuring the heat exchanger is crack-free. If you are considering renting out your home, he suggests conducting a thorough property analysis or hiring a home inspector. These inquiries give landlords a general overview of the property and which repairs should be prioritized to reduce overall costs.  Join Mat Zalk in today's episode of The Same Day Podcast as Chad Franzen of Rise25 interviews him about deferred maintenance. Mat discusses some common home issues due to deferred maintenance, why property owners may delay repairs, and how to reduce maintenance and repair costs over the long run.

Today's episode features one of our World Workplace speakers, David Trask, National Director at ARC Facilities. David sheds light on the crucial aspects of preventative and deferred equipment maintenance. He delves into the challenges organizations face, such as budget constraints, accurate information management, labor shortages, and the snowball effect of deferred maintenance. If you find today's episode intriguing, you won't want to miss his expertise at this year's World Workplace event in Denver, Colorado, taking place on September 27-29. Resources MentionedConnect with David on LinkedIn: https://www.linkedin.com/in/davidtrask/World WorkplaceJoin us at World Workplace September 27-29 in Denver, CO, USA. Register today: https://worldworkplace.ifma.org/Connect with UsLinkedIn: https://www.linkedin.com/company/ifmaFacebook: https://www.facebook.com/InternationalFacilityManagementAssociation/Twitter: https://twitter.com/IFMAInstagram: https://www.instagram.com/ifma_hq/YouTube: https://youtube.com/ifmaglobalVisit us at https://ifma.org

Pastor Steve Perez | July 9, 2023 The Fountain Apostolic Church DRAFT (2023) Learn more at tfachurch.com/plus Sermon Notes: 1 Kings 5:3-5 2 Samuel 7:1-17 Acts 2:39 Acts 11:14 Acts 16:31

This crisis may shut some churches down. Thom looks at how to address and possibly avoid this predicament. The post The Deferred Maintenance Crisis appeared first on Church Answers.

Join us in this informative episode of The Nitty Gritty of Real Estate Podcast, as we delve into the crucial topic of 'Deferred Maintenance and Home Value Loss'. We are thrilled to have Jill Paddock, the leading real estate agent from the esteemed Tom J Krieger Team, Tucson, Arizona, who shares her expert insights on the impact of home maintenance on property value. In this enlightening discussion, Jill explains why regular home maintenance, especially for major components like the roof, HVAC, and landscaping, is essential to preserve and potentially enhance the value of your property. Learn about the common pitfalls and misconceptions homeowners often have, and gain a fresh perspective on the buyers' viewpoint. Whether you're a homeowner looking to sell, a potential buyer, or an investor, this episode is packed with valuable advice on how to approach the home buying and selling process, factoring in the state of property maintenance. Jill also introduces the concept of a home warranty and its potential benefits for both sellers and buyers. Have questions for the podcasters? Reach out to them: Jill Paddock- Jill@thetjkteam.com | (520) 391-7529 Tom Krieger- Tom@thetjkteam.com | (520) 907-5305 Have questions about this podcast, topics, real estate or getting your real estate license? Reach out to us! podcast@thetjkteam.com   Be sure to check out our website for more resources ⬇️ https://TheTJKTeam.com   Keller Williams Southern Arizona 7400 N Oracle Rd #331 Oro Valley, AZ 85704

“Is Your Condo or HOA on the Fannie Mae Unavailable List?” – KSN attorney Michael Kreibich discusses the emerging topic of the Fannie Mae Unavailable List and its impact on condominium, homeowner (HOA), and townhome community associations. "Topics include proactive planning, deferred maintenance, special assessments, reserve requirements, documentation, board member responsibilities, and more. (21 mins.) The KSN Podcast examines various aspects of association law, landlord/tenant issues, property tax appeals, and more. In each episode, KSN attorneys share their experience and knowledge as they discuss legal updates, best practices, industry trends, and more. KSN Podcast episodes are available at www.ksnlaw.com/podcast.

Recorded in my truck on the road, so quality is poor. It's not just for infrastructure anymore!  Putting off the basics can end up costing you...more than you think. No video for this one as it was recorded while making bike deliveries to our customers. Support the showRemember folks...Ride Fast and Take Chances! check out our Youtube channel at https://www.youtube.com/c/ClevelandMoto

Sen. Terrell McKinney accused the Department of Correctional Services of not maintaining the Nebraska State Penitentiary to create pressure for building a new prison, a charge the department denied.

Sen. Terrell McKinney accused the Department of Correctional Services of not maintaining the Nebraska State Penitentiary to create pressure for building a new prison, a charge the department denied.

Bishop shares some of his conversation with Illinois Department of Natural Resources Acting Director Natalie Phelps Finnie about the agency, the state's parks, staffing and federal funding.

Show Links: Add your name to the Deferred Maintenance waitlist!

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Imagine being the father of 500,000 trees.

On episode seven of The City of Ohio State Podcast, FOD's Brett Garrett goes into detail on deferred maintenance. Like homeowners are forced to sink their hard-earned cash into rooftops, air conditioners or other non-aesthetic improvements, Ohio State must invest in vertical infrastructure to keep buildings up and running. Hear the challenges facing aging college campuses, and why Ohio State may be ahead of the curve.

Show Links: Join my book club on Fable! Add your name to the Deferred Maintenance waitlist!

We are often given the option of 'deferring' maintenance. This usually happens when our budget and schedule tells us we have to ... and we then tie ourselves in knots trying to convince ourselves that this is OK and that laws of physics will also be deferred. Really? The post SOR 801 Deferred Maintenance in the News appeared first on Accendo Reliability.

Show Links: Join my book club on Fable! Add your name to the Deferred Maintenance waitlist!

Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund share their top 11 criteria for when underwriting commercial real estate properties! Use this checklist as a quick way to underwrite your next CRE deal. Time Stamps: 0:00 - Introduction 0:43 - Market Report: Things are slowing down! Opportunities will begin to present themselves. 2:22 - Common questions we get: "How are you finding these deals?" and "What Criteria do you use?". 3:41 - #1: CAP Rate! 7:02 - #2: Positive Leverage. 9:20 - #3: Cash on Cash. 11:32 - #4: Internal Rate of Return. 13:18 - Our criteria for each category thus far! 14:09 - #5: Price Per Foot. 17:01 - #6: Demographics. 20:50 - #7: Deferred Maintenance. 23:19 - #8: Tenant Risk! 26:56 - #9: Deal Size. 29:19 - #10: Income Growth Assumption. 31:18- #11: Exit CAP Rate! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE

Show links: momandpodcast.com Add your name to the Deferred Maintenance waitlist! https://www.tamihackbarth.com/blog/ep-154

Welcome to Investories Patrick McGrath.  Patrick McGrath talks Seller financing, Buying foreclosures, The joys of deferred maintenance  Why you should listen?  Patrick McGrath, one half of the RentalPropertyCouple has built a real estate career organically, taking advantage of, and creating opportunity after opportunity. In the episode Patrick sets out his blueprint, delving into his mindset, how he got started and how he fosters relationships to grow his portfolio.  Starting with a primary residence bought through foreclosure, Patrick talks the next steps, growing into more SFHs, an apartment building and eventually commercial deals. Mostly through seller financing.  Along the way Patrick sets out his mindset tips, the concept of FIRE (Financial Independence Retire Early) and how to grow relationships. Finally Patrick breaks down how he sets and smashes goals. This is one you don't want to miss.  Patrick McGrath:  The Real Fi Podcast Website; https://linktr.ee/therealfipodcast Instagram; https://www.instagram.com/therealfipodcast/ Investories: Tik Tok: https://www.tiktok.com/@investoriespod Instagram: https://www.instagram.com/investoriespod/ Email: investoriespodcast@gmail.com Kyle: Facebook: https://www.facebook.com/yourmultifamilymentor Instagram: https://www.instagram.com/your_multifamily_mentor/?hl=en John:  Instagram: https://www.instagram.com/hoopeezy/?hl=en Airbnb: https://airbnb.com/h/ponderosapinehaus Transcript Welcome to invest stories, a podcast about real stories, real estate and taking real action. Join hosts, John hoop and Kyle Robertson. As they talk, investing mindset and taking that first step, we all have a story. What's yours. The I podcast. Welcome to investors. I know you're disappointed. It's just me again. Um, but Kyle is actually back, uh, for the next episode. So that's kind of exciting. At least that's something new, right. Um, and I'll throw in a booya, uh, to show my excitement as well. Uh, today we've got, uh, Patrick McGrath. Patrick is, um, one half of the rental couple, uh, on Instagram. And Patrick's really interesting, really interesting journey from, um, from. Not investing at all to, uh, you know, really delving into some of the creative ways to invest and right up to, um, you know, building out RV and boat storage. So there's a real journey there. We talk a lot about kind of people's journey people's stories. And this is, this is one of those episodes, uh, via, uh, helos and foreclosures via seller financing and seller carrybacks. Uh, He goes into some of the goal setting and mindset and, and the techniques around that. And also then what he looks for in a, in an investment, in a property and, and how he kind of figures out how, um, something's gonna work, how you're gonna add appreciation and how you are going to kind of out the back of that, um, refinance to buy the next one. So there's a lot of strategy and techniques in our, in our conversation, in the story. Uh, so really worth a listen and. With that. In fact, before I throw to Patrick and I's interview, I'd really like to go and hit up the, um, the review button and give us a five star if you've done it before. Cool. If not, you know, why not do it and why not do it again? Uh, and also do, please reach out to us on socials, um, at investors' pod. Uh, on, uh, Tokin on Instagram and, uh, without further ado here is Patrick. Welcome to investors, Patrick McGrath. Uh, AKA, I'm gonna say AKA, um, at rental property couples, or at least, uh, half of rental property. Couple Patrick. Welcome. Thanks, man. I am looking forward to having an awesome real estate conversation with you today. I know we're on the opposite ends of the country, but we're here together today at the same time, same place to hopefully inspire and, uh, teach some people some stuff. So let's get into it, man. If we can impart one piece of advice, one, one action, then Hey, we did our jobs. That's right. And Patrick's over in Mary, I'm still in San Diego. Uh, they, they haven't kicked me out yet, so that's always, always good. So, um, super interesting. Um, Patrick hosts, a podcast. You wanna give you a podcast, a quick, uh, plug. Yeah, it's called the real fi podcast. You can find us on Instagram, um, the real fi podcast or the real fi podcast.com. Sorry, the real fi.com still get that mixed up. But yeah,  and, and like investors, um, it's, it's all about real conversations with real investors and, and all that good stuff, so well worth checking out. And, and speaking of which I, I really want to get, and I've followed your social media journey, uh, yourself and your wife, Danielle. One thing that I really like is, um, that authenticity in terms of the voice and what you do and how you're living it and kind of how you, um, quit your W2 and all that good stuff. So can you give us kind of the, the intro, like the, how you've got to where you are today kind of thing. Yeah, of course. Um, so we started. Just like most investors start, which was buying our primary residents. Um, you know, most people that's, their first investment is their first primary residence. But what we did is we knew that that place wasn't gonna be our forever place. So we bought a foreclosure as our first property that we were gonna move into that needed a little bit of work. So I knew that we could. Add some value and make it worth more money down the road. So then we could use. To invest in more properties. So that's basically what we did is we, we bought a foreclosure. We spent like three or four years kind of fixing it up, doing bathrooms, doing the kitchen, replacing the flooring. And we, uh, we were able to get a home equity line of credit on that house. So we took out a home equity line of credit. We got $45,000 that I believe, and that's what we used to go out there and buy our first investment property. And. At the time, this is like 2016, 2017. When this is going on, there's a lot of foreclosures available, um, on the market. And we were able to find a house right down the street from our house. It was like eight or nine, 10 houses down. And that was really the first property, um, that we bought. It was a single family property, uh, three or four bedrooms, one and a half baths. And we pick, we were able to pick that up for $175,000. We used that $45,000 HeLOCK that we had for the 15% down payment. And then we used whatever money was left over. Maxed out credit cards, basically like redoing the entire place, redoing the hardwood floors, new windows, new roof, new bathrooms, you know, granite countertops, tile, back splashes, new appliances, all this stuff, you know, we're like our, our first rental is gonna be amazing. And we basically made our first investment. Way nicer than the house that we lived in, like 10 houses down.  that's a true investor right there.  right. Yeah. So, uh, my wife, Danielle, who's the other half of the rental property couple, she was like, Hey, uh, this place is way nicer than our house. How about we just move into the new property and rent out our house. So that's kind of how it really started. Like we bought. Spent way too much money, fixing it up and made it too nice. So we moved into that one, rented out our primary residence, which was the plan all along. And, uh, that's kind of how we got into our first rental property and kind of figured it out like, Hey, when the rent check started coming in, We were like, holy crap, this actually works. Like someone's paying us to live in a property that we own, and we're really not having any issues. Like this is amazing. We need to continue to do this. Um, so fast forward, we're living in that house for like a year and we were just ready to move. So I wanted to move to an area that had small multi-families and there was an area that a couple of our friends lived in about an hour north. Um, that was really nice and it had small multi-families. So we took out another home equity line of credit on our. Now primary, which was that first investment property, we've got $85,000 and we used that to buy our new primary. And then once we moved up here, we used the remaining amount to put a down payment on our first Plex. So that didn't happen until 2019, so 2019. So two years from the time we bought our first investment property to we bought our next investment property, which was a triple. And we got that one for $204,000. And we spent me and her like painting, ripping out carpet, redoing the floors, putting new vanities, lights, all of that stuff in, um, we spent about $15,000 over the next four months. Just redoing all the units. Mm-hmm  tenants were moving now. They were paying, I think they were supposed to be paying seven 50 a month. These are for two bedroom, one baths. And we got new tenants in there for 1200 for all three units. And, um, six months later, it appraised for 350,000. So we were, we were all in for 2 25 and it appraised for 350,000 and we did a cash out refinance. We got our $65,000 down payment, our 10,000 in closing and our 15,000, um, money that we put in there back plus an additional 10,000. And, uh, we used that to go and buy our next one, which was from the same seller. So, so you forged a relationship with the seller to. They had multiple, uh, li oh, a lot of inventory that they could then pass on. Yeah. So, um, basically when we moved up here, I found an ad on Craigslist for a guy that was selling 13 units, like five properties mm-hmm  and, um, Basically, he had two left that didn't sell. When he post, when he had all these investors, the Plex was one of them and there was a fourplex down the street and the Plex had been on the market for like over a year. It was listed for two 50, but I know that I had his email from when I emailed him on Craigslist. So what I did was I kept emailing them every month. Like, Hey, I see your property still on the market. Would you like to sit down and have coffee? Mm-hmm . Hey, your property's still in the market. We'd like to have coffee. So like five months go by. And he finally says, yes, I'll sit down with you and have coffee. And we met at a Starbucks and we ended up having like an hour long conversation, just older gentleman. He used to own two car dealerships. And basically I was like, look, I want to be sitting where you're at one day. Like, but. Your property's been on the market for over a year. It's obviously not. We two 50 I'm at like 200, like let's try to make something happen. And he came back at two 10, we did the inspection and there was a, some stuff wrong with it. And I said, basically, look, Hey, I'll buy it at the pro at the two 10. If you give me some seller help, but I'll also buy your other property. Once my refinance goes through so you can sell both of them to me. Amazing. You just have to wait a little bit. So that's kind of how we were able to get the other one as well. So we packaged them up together. As soon as the refinance went through, we were able to buy the other property. He a he's actually holding $85,000, um, a three year note on that one for us. So we were able to bring less money to the table. And that was kind of our, our. Like seller financing opportunity kind of thing. Um, and that basically got us to, I think that's like nine at this point. And then we bought a single family during the pandemic. Um, and we got, we got that. So here we are now we've got our first primary residence that we bought that we turned into a rental, the first investment property that we bought, that we turned into a rental. Another single family, a Plex and a quadplex. So we're like mini moguls, you know, we have like nine or 10 units. Um, and I was still working at W2 at the time. So I was a regional sales manager for a construction elevator company where I was gone, like at least a week, a month. Mm-hmm  if not, you know, a week and a half, two weeks. So we're doing all these renovations, we're managing these properties while I'm traveling, you know, and my wife's at home. and we're able to do this. So anyone out there who says they don't have enough time, like I was basically gone half the year and still able to make this happen, you know? Um, so my wife is getting her haircut and the, the owner of the salon was like, Hey, we're moving. Um, just wanted to let you know, she's like why she's like, well, the woman that owns this building is thinking about selling it mm-hmm  and it was like, uh, salon in the bottom three apartments up top, and then another building that has six apartments. And my wife got home, you know, went to dinner. She's like, yeah, Pam's moving. They're the thinking about selling the building? I was like, Did you ask her for a number like, meanwhile, I have no idea how to buy commercial property.  I just know that like I wanted to get into something like that. And here's an, here's like an off market opportunity. Let's let's figure out what we can do here. Um, so need, let's just say she gotten her number. We went and toward the property and, um, She really liked us again. I told her like, Hey, look, I wanna be in your shoes one day. Like I'm, I'm local to the area. Like let's make this, let's make this work. And we were able to make that work. That was 10 units. We were able to get for 850,000. Wow. Um, at the time it was renting for the total rents. It was bringing in was 7,200 a month. And that was may. 2021. So here we are, September, 2022. It now brings in four, uh, 14,275. So almost doubled, um, the income of the property in a little more than a year. Um, so I mean, but we, we turned over almost all the tenants we've spent probably close to $125,000 fixing up all of the units, changing out mm-hmm. Everything, you know? Um, but we, so the people are like, well, how did you get the money to buy an $850,000 property? So what we did is we sold. Our first two investment properties. We sold our first two single family properties that we had, and we did, what's called a 10 31 exchange where we were able to take the profits, you know, tax free, basically tax deferred. And use that for the down payment on our, uh, on this 10 unit apartment building. And then we did a cash out refinance on the four unit to help get some more money to do the renovations and all of that. So this, this whole time, we're just like recycling all of these funds over and over again. We're using the same money over and over again. The snowball's just getting a little bigger. Um, and, and that's the power of, um, of appreciation, right. And forcing that appreciation. So by, in making those investments and, and kind of not just turning over tenants, but providing better quality accommodation, you are pushing the value and therefore you can. Get another line of credit against it, or you can increase that line of credit against a, a property. I do wanna, I do wanna unpack a couple of things cuz that's amazing. It's such a, such an amazing journey and the, the steps to go through. And I feel like it's, it's uh, expressed kind of version through real estate that some people take years and years to go through all those different kind of classes and, and. Products. I think the first one is you, you said you bought your first place with a, uh, it was a foreclosure. So for a lot of people listening, a foreclosure is probably terrifying. Um,  as a proposition to acquire what were the steps to get educated and kind of who convinced who, in terms of making that first step? I know my wife's just super cautious, so she would be terrified by a foreclosure. Yeah. So at the time there was so many bank foreclosures that the bank was, the bank was actually, you know, fixing them up a little bit. So it had like a new H V a C, it had new carpet. It wasn't like new pain or anything, but it really wasn't an. Shabby shape, you know? Um, but I just, we, we were living in an apartment at the time and we weren't even married. And I told, you know, my wife at the time LA or my girlfriend at the time, who's now my wife, like, Hey, we really can't afford anything else. You know, like, this is what we can afford, but we, we can make it nice. Um, with. With the full intention down the road, that we would turn it into a rental property. And I was reading a lot of books at the time. And basically, like I said, between that was 2013. We didn't buy our first rental property until 2017. So almost four years it went by. So during this time I'm like looking at a ton of properties, doing a ton of research and I'm like, look, I think we can do this. And I basically just said, we can do let's try it. If it doesn't work. You know, then we just, we won't do it again. You know, we'll, we'll caught our losses and we just won't, we won't try it out again. And that first property, you know, we basically made like a hundred thousand dollars in nine months in equity and we were collecting rent checks and things weren't going wrong. And that's kind of how it really started for us was like, look, just gimme a shot. Um, let let's just try this out. And it worked and then the next one and the next one and the next one and the next one. And, um, it's kind of hard, you know, to not believe when you start having thousands of dollars coming in and then tens of thousands of dollars coming in. You're like, okay, well this is working. No, I think, I think that's, that's really interesting. Uh, one of the other things you, you talked about, and I'm, I'm kind of jumping around here, but, um, in terms of the, you mentioned a seller carrying a. And for I'm, I'm currently doing a seller financing course, and it's fascinating. And all the options it's like going into the ma or breaking out the matrix, all these options you didn't even know existed are there and exactly being played with. What does that mean? And how does that work with say traditional financing models? So if they were carrying a percentage of the financing, how does that work with the rest of the financing for that asset? Yeah. So it really depends on how you, how you end up doing it. So the way that we've typically done it is we call it a seller. Carryback where the seller is carrying part of the down payment. So they hold, you know, 10, 15, 20%, and then the bank will finance the rest of it. Um, that's the way that we've been able to do it. A lot of people think, um, A lot of people think that seller financing is where like the seller's holding 90 or a hundred percent of the property. And they're like, well, why would they do that? Or I need to find a property that, you know, they don't have any.  um, any note on the property, like no loan or anything. So what we've been able to do is we found a bank that will allow the seller to carry that equity because the bank, they, they only wanna loan 70, 75, 80% of the value. And typically you are the one putting that 15, 20, 20 5% down to get him to that number. It doesn't matter really where it really comes from especially commercial loans, as long as the bank is only lending on that 70, 70, 80%. So that's what we were able to do and tip. And all of ours are like three year terms. So they're 5% interest only, you know, 36 month balloons. And the plan is for us to. Get in the property, fix up the property, increase the rents, go back to the bank and refinance. And when we refinance we'll pay off, you know, that seller note of that 20 or 25%. And that's the bit we were talking about, um, which is that appreciation of the, the asset performance rather than just strictly looking at it is it looks nicer. So therefore it's worth more. It's it's about the fundamentals of how much it, it earns and how much it costs to maintain those kind of elements. Right? Exactly. Especially when we're talking five plus unit properties, cuz they're based on the net operating income. When you're talking about single family. Duplex Plex quadplex they're they're based on what the comps are in the market around it. Just like a single family. When you get into these five plus unit properties, it's all about how much money the property is producing. So if you can lower expenses and increase your revenue, then you can drastically increase the value of the property that someone will pay for it. And that the bank will loan you. No. That's awesome. Thank you so much. When, when you look at a property, what do, how does that work? What's your kind of, what are the reps or what are the steps you go through when you walk through a property? What do you look for? Yes. Um, so what I look for is I look for ways that I can increase, um, value, whether that is adding a bedroom, whether that is changing. The kitchen out, um, the flooring, the lighting, all of that. But I, I also look for like the major things, um, and really just look at how the property, um, can be increased, like the efficiency of the property. Um, my biggest thing is I want properties that need work that have had deferred maintenance, um, that have undermarket rents. Um, That have headaches. I want to buy headaches from people because if I'm buying someone else's headache, that means that I'm getting a discount on the property for dealing with those headaches and taking those problems away from them. Um, so I'm not buying turnkey properties. I'm not buying properties that have been. Renovated. I'm not buying properties where tenants are paying market rents. That's some people's strategies, but that's not mine. I want to be able to be the one to force the appreciation in these properties. So nine times outta 10, when I'm buying a property, it's just barely meeting the banks. Requirements, like just barely. They're like, okay, we'll lend on you. We'll lend this to you. Um, those are the types of properties that, that I want. And then I can come in and paint the building, you know, replace the windows, replace the flooring, replace the lighting, replace the tenants, you know, fix up the parking lot, fix up the landscaping and then. You know, transform this asset that somebody mismanaged and make it something really, really nice. And my mine and my wife's thing is we need to make each and every unit to where we would live in it. If I wouldn't live in it, I'm not renting it to somebody. And that that's our standard. And, um, Every single unit that we've done. Um, I would live in if something ever happened where we would, we were forced out of our house or something like that. I would happily move into any one of my properties and any one of the units there and be next to the tenants that we have and be happy with the accommodations. And that's the standard that I have. And I think that's, what's made us success. I really like that as a, so I often make a note about, um, you know, questions and I always put it as around a philosophy, like what's your investing philosophy or what's, what do you look for? That's hence that question. And I think that's a great, um, take on it, which is somewhere I'd live myself is, is kind of fair, right? Yeah. So we have. I basically have like a little motto or like a mission statement and it's to provide safe quality, affordable housing for families to be able to plant their roots. That's, that's what it is. Um, and as long as we make sure that we're living by that mission statement, um, then that will be the guiding light for us to make sure that we're doing the right things. No, I, I think that's, that's great. Um, I really like that you talked, um, briefly about, um, quitting your quitting, your job, quitting your W2, which is kind of, uh, I think most starting investors or most investors see that as, as a goal, um, kind of as a, as a bit of a yard stick and Hey, that's something to work towards and, and really, um, I've heard you on a few interviews, talk around the fire movement and kind of retirement and what that looks like. Can you talk me through kind of your approach to how you transition from your W2 and then kind of what the, what the movement means to you or what that kind of, uh, stepping away looked like? Yeah, so, um, it wa it wasn. A hundred percent planned. Like we, my company at the time, we decided to just kind of go our separate ways. Um, it was a week before we bought the 10 unit apartment building  so a week before we were closing on like the biggest deal we've ever done, um, we went our separate ways, which. As I look back at it was, was very scary, but it was also like the best thing that's ever happened, you know? Um, at the time I think we were bringing in roughly like $5,000 a month in cash flow, um, which we could cover like all, all the stuff that I was paying for, you know, but we weren't. Rich or really living financially free. It could just cover. But the lucky thing is I did have a large 401k that I, I had, I did have, I was saving 25% of all of my earned income for like wow. The past couple years. And, um, I did have some, some investments in like some crypto and some NFTs and different things like that. So we, we had a nice, like, Safety net behind us. Um, so that, that was really the key, but the, the fire movement, um, financial independence retire early. We were inspired by that because I didn't, I don't wanna work forever. You know, I didn't wanna make anybody else a ton of money. Like, and that's what I was doing. I mean, I was closing, you know, multimillion dollar deals. I, in five years I probably brought. Over 22 million worth of business, um, for this, for this company, you know, and I was doing okay, but I, I could have been doing a lot better, you know, and just since I left, like, we have basically tripled the amount of real estate that we've bought in like the last year and a half, just because this is all I'm focused on every single day, you know? And I. That's really, the biggest thing is, is when you're passionate about it and you have the freedom and you have to do it like mm-hmm , I, I, I did, I didn't wanna go back and work at another job, you know, especially making less money. Um, so we, it was kind of like, I had to go out there and, and make it happen. And luckily, you know, we have, um, but it's, it's all the preparation, you know, it is that it's those five years of grinding. It's that five years of being away, you know, almost half the year saving 25% of your income investing. Every penny that you have. Into buying rental properties and building your small portfolio and getting that cash flow and, you know, doing the right things and recycling your money over and over and over again, um, that leads you to be able to do that. So it's, it's all the hard work leading up to it. And then even when you go after it, you still have even more hard work ahead of you, but at least you're doing it for yourself.  you know, and I think that's the biggest thing behind the movement for me is, um, I get to choose what I do every day. Um, and I'm passionate about it. So I'm working harder than ever. No, I, I love that. And I think, um, I, I echo that that's, that's my goal. I, I still work at W2. Um, thankfully I'm at home and I don't travel. It's kind of nice. It's kind of cush, but then equally, then it gets you into a comfort zone and you'll still, um, you'll still kind of subject to the, what I call the W2, drip. The, the feed of a little bit of money, a little bit of money, but, um, yeah, and, and that's something, Kyle, uh, my co-host, uh, has talked to a lot, which is having that time to spend it on, on the stuff you wanna spend it on. Right. And what's the value of, of kind of money coming in from a job. If you are then not able to manage kind of your time to, to do the real estate stuff. That's really interesting. Exactly. And the having the conversations. Yeah. I mean, and, and being able to have the conversations like every single day, like I'm on the phone every day, talking to other investors, other business owners, um, just meeting all the contractors, having the conversations with them, just like always being around my properties, working on them, meeting with everybody where I'm building relationships with with everybody else. Um, and that's, and that's. What takes you to that next level? It's real estate is it's, it's a people business. Mm-hmm, , it's not, it's not an asset business. I mean, you buy assets, but you know, people are your customers and without the people, you literally have no business. So you need to become a people person build great relationships. And that's really what sets you. Having the time, freedom to be able to build those relationships, meet those people. When you need to be able to go to lunches, go to real estate meetups, you know, be able to go out there and shake hands and press skin. That's that's really what gets you to the next level. I love that. And yeah, absolutely. That's a common thread that we get, um, on the show, which is, is all about people. Go, go to your local real estate meetup. If you don't have one set one up and invite people. And if three people show up, you know what? You, you've made three really strong contacts and. Talk, you could nerd out on real estate. Right. So that's, that's really interesting. Um, one, one of the things I, I really wanna get your, your take on is, and, and kind of your W2, um, happenstance of, of leaving your W2 and, and kind of doing this full time is, is a bit of a, a, a driver for this, but, um, how do you set goals or do you set goals or are you just kind of open to things? Do you have that kind of, um, mentality or. Yes. So basically I set quarterly goals and a yearly goals, and I have them broken down. I have a, and it goes out for a three year plan. So I have a three year plan. And then in that three year plan, it is broken into quarters. So the quarters for this year, and then it'll have the goals for next year, the goals for the following year kind of broken out. So I will basically say. For the first quarter of this, of this year, you know, I wanted to close the six unit apartment building that I found off market. And, and then I have a rent goal. Like how much, how much rent, how much total rent am I bringing in? How much net are we bringing in? Am I trying to start, um, doing off market marketing for wholesaling, you know, and I just, I have it all broken down in. Three month chunks. And then I have my overall goal for the year and I can work backwards from that. And then I have my two year goal and my three year goal. Um, but I, I don't have daily and weekly goals. Sometimes, I think you can get too caught up, you know, in, in having these daily, weekly goals. And if you don't hit, 'em, you feel like you're not you're, you're not achieving what you, what you want. So I kind of make 'em a little broader and then I have an overall goal, but you, you have to have goals. Um, To really be able to track your metrics and see what you're doing. And I know if I'm not putting in enough work, um, and accomplishing those quarterly goals, I'm not gonna get anywhere close to those yearly goals or those two or three year goals. So yeah, you, you, you have to have a written down plan. I mean, they say, um, What is it? If you actually write a goal down, then you're ahead of like 90% of the people out there. So just writing it out and having like it sitting there and going over it every couple months is, is great. And, uh, we do have a free, uh, a goal sheet. Um, that you can get at in our link on, um, on our Instagram. So, and we'll post the, the links in the, in the show notes for this. I think that's really interesting. Yeah. I, I struggled that for a long time taking a really high level high concept, like a number or a goal, or I want this many units. And then what I wasn't doing was taking that time and I call it strategic time and I try and calve some out every week to just think like, so how do okay. That's where I want get to, how do I break that down into, I, I like the quarterly idea. I'm gonna, I'm gonna definitely try that out. Yeah. Because it's like, okay, well you want to hit $10,000 a month and you have two rental properties and they're bringing in $300 a door. So you're making 600 a month of two rental properties. Great. Well, you need to, you know, times that by 15 to get your 10, you know, so you need to buy 15 more properties. All right. Well, if you're buying 15 more properties, you have to break that down and you go, all right, well, would it be faster if I bought a quadplex would it be faster if I bought a 10 unit? How am I gonna get this money? So you gotta, you got to break that 10,000 down and go, all right, I need this many doors at this purchase price. That's gonna give me this much per door. And then you can, once you have that number in your head, you start working backwards and then you can really put a plan in place or Hey, Uh, is this rental better, long term or is it better as a midterm or an Airbnb? If I did, instead of buying 15 properties, I could buy five properties and do Airbnb and hit that same number. That sounds more attainable in my three years than buying 15 long term rentals. So, and I, I like what you said, there's just giving yourself the time to like, really think about those goals. And how you're gonna accomplish them. And then it's telling people what they are like, you, you've gotta tell your, your friends, your real estate people, your, you know, anyone has to know what your goals are, because those are the people that are ultimately gonna be able to help you achieve those goals. And I'm gonna add to that. You need to have the, the skin to, to allow them to. Scoff or laugh, or, and, and as you said earlier, a lot of people don't set goals or a lot of people wouldn't write them down. And so then therefore just by doing that, you're ahead. But then by taking the action, people are gonna look at you. Very strangely. I moved to the us, I bought a house people before I bought a house were like, how are you gonna buy a house? I bought, I bought a short term rental, how are you gonna buy a short term rental? So all these, all these things that people are gonna kind of not laugh at you, but have disbelief until you start doing them. And by taking that action and building that kind of cadence of, of actions. And, um, yeah, that, that was the biggest change for me was having the time, like taking time to figure out, well, how do you get from a to B and not. I've written a goal that's enough. And I'll just throw it on a whiteboard or put it in my notes or calendar or whatever. So that's, that's really interesting. Yeah. I mean, so, so what happens when you're out there at these meetups, when you're putting yourself out there and then all of a sudden you get the partnership opportunity of a lifetime. You have no money, you have a guy that has tons of money, but doesn't have any time ask you what your goals are and how you're gonna achieve them. And then you're like, oh, well, you know, I thought. This, but if you're like, bam, bam, bam, bam, bam. Here's what I need. Here's what I'm going after. Here's my plan. Like you need to be prepared. You never know when that opportunity is gonna come and you need to be able to strike. So if you really want to achieve financial freedom, financial independence become a successful real estate investor. You need to know exactly. Your market, you need to know exactly what you want. You need to know exactly how to get there. And when you can articulate to people, you're gonna find someone that can help you. A partner, finance person, someone who's got deals, it's a wholesaler. So you're gonna find people that are gonna be able to help you. Um, but if you don't know what you want, then you're never gonna get. Amazing. No, I, I like that a lot. So I'm gonna put you on, on the spot a little bit. Um, so I I'd really like to get kind of either your best piece of advice you've, you've got, uh, in your career so far or the biggest lesson you've learned. So I'll give you the choice of those two. Okay. Um, Yeah. So the I'll do both of them. Um, the biggest lesson, the biggest lesson that I've learned is really to believe in yourself. Like you you've gotta believe in yourself. Um, and that doesn't mean just like, oh, I know I can do it. That means you gotta put in the work to believe in yourself. You have to know. Everything that you need to know to be the best at what you want to do. And that makes you be able to believe in yourself when you have the doubters, when you have your friends, like, how are you gonna do that? When you have your family members telling you that you're crazy, they have no right to give you advice when they haven't done what you're trying to do. And you need to be knowledgeable enough to accept that, you know, what's. and that is, that's what true believing in yourself is mm-hmm, , it's being able to accept, you know, that skepticism and all of that stuff from people who aren't doing anything. And know that you can push forward and, and go for it. So that would be, you know, um, the biggest lesson learned is just believing in yourself because I've turned down things, listening to other people that I knew I was right on and it costs me a ton. Um, so there's that, and then the. The other thing is really what my hat says right here. Decide, commit, take action. That means, you know, if, if you need to do, if you wanna be financially free, you need to decide to be financially free. Mm-hmm  you need to commit to doing it, which is then taking the action. That's putting a budget in place. That's putting your goals in place. That's reading your books, listening to your podcast. That's taking action. Whether that. Going to a meetup, whether that's calling lenders. Uh, I, I don't, I can't qualify for a house. Okay. Well, have you, have you talked to a lender yet? No. Okay. Well then you don't know if you actually can, you're just putting a roadblock in front of you, like decide, commit, take action. Like you're gonna get a bunch of no's, but someone's gonna give you a yes. And that's really, what's gonna propel you past everybody else. Who's not doing that. So yeah, those would be those, the, the two, the two things right there. I, I really like that. And I love the fact that that. Like pick up the phone, speak to a lender, but don't speak to. Speak to 10. See what 10 say same with a, with a, a real estate agent, speak to 10 agents and, and get a kind of take. And just by having, getting those reps in, then it becomes like muscle memory. So you pick up a phone. I, I pick up a phone to a realtor now across the country and I can have a, a broad conversation really easily. The first one, I was like, you know, stuttering on the phone, like, hi, nice to meet you, blah, blah, blah, and all that stuff. And now I can have a very pinpoint, Hey, this is who I am. This is where I'm at. I'm not Warren buffet. , but this is where I'm going. And again, linking back in the goals, this is my, this is kind of my north star and where I wanna get to, um, you can start having those, those really strong conversations. Uh, so exactly I did have one question that I should have asked you a little bit earlier. And so it's a little bit out of, um, out of kilter in terms of how you find deals. What do you, um, you say off market deals, for instance, how, how do you find. Yeah. So for everyone out there, who's heard of this little podcast called the bigger pockets podcast.  um, I've heard of it. I, I was, uh, I was listening to that and they were talking about this app called deal machine. And you could download this app and drive for dollars. Um, and they'll send out postcards to people. And I was like, All right. Cool. I'll download the app. It's $40. And, uh, they tell you how to buy a list. So you go on the list source, you plug in your parameters for your area. You buy this list for, I don't know, a hundred, 200 bucks. You'll upload it. And then you start sending people postcards. So I was like, okay, that's what I'll do. So that's what I did. I spent $200 on the list, 40 bucks to get the app and, uh, started sending out mailers to people in my area. And, uh, I spent roughly about $2,000 and I was able to get, uh, a six unit building for $430,000. The seller is holding 20%, which is 85,000 for three years. And it's gonna be worth about $900,000 when I'm done and it's gonna cash flow four grand a month. So that was the best $2,000 I ever spent. . Same thing. Another guy reached out to me last year, and this is the first time I'm telling this. Um, I've been working on this other deal for about a year and a half now, and it's a seven unit property and I own this guy's two. The guy that I bought my, my Plex and my quadplex from this is the guy that he bought the stuff from. So this guy used to own like a going up the chain. Yeah. This guy used to own like 150 properties in my area. And this is his last property. This is like his baby. Um, And, uh, we, I, he has the contract in hand. He, it should be signed tomorrow. Congratulations. And that will give us another seven units. Um, and he is also going to hold 20% down. So we're gonna get a $750,000 property for $40,000 out of pocket. Um, And that's from building the relationships that's sending the postcards like, and I didn't do anything special. I didn't do handwritten letters. I didn't do anything. I literally went into the app, uploaded the addresses. Did I changed my name and phone number and email address on the standard. Is this your property? I'll send, let me send you a free offer or whatever. I didn't do anything. And. You know, when I did, I decided I committed to doing it and I just started sending the stuff I want you, I got some deals out of it. I want you to say those numbers one more time, cuz that is powerful. Yeah. So $750,000, seven unit property, which will be the most money I've ever spent per unit on a deal. But he's going to hold 150,000, which is 20%. For three years at 5% interest. Um, so it's gonna be $210 a month interest, $290 principle. Um, and I'm gonna need to bring $37,500 out of pocket to get into a three quarter of a million dollar property. Wow. So. Yeah, you can do it. I'm no one special, like, literally I'm asking, just like you said about like calling your realtors and everything. I just ask everybody if they're, if they be willing to hold. 20%. I'm not asking them to hold 80%. I'm just asking 'em to hold 20% like, Hey, you know, the property, um, needs a little bit of work. Look, would you be willing to hold like 15, 20% just because I'm gonna need that. I'm gonna need that money to fix up the property, you know, take care of some of the delayed maintenance and other things like that. And then when I refinance it, I'll just pay you back in, you know, two years, three years before if I can. That's what I always say before. If I can. And. What's the worst they can say is no. All right. So you, you gotta buy it like everybody else anyways, like just ask . I love it. No, that's awesome. Um, the, I guess the, kind of the next question I have is this is really looking kind of to the, to the future looking forward, like, what's next? What's your, what's your target? Are you changing assets? Anything? Yeah. So, um, we've got some exciting things going on. We're looking at some commercial properties, um, and then I also have a development, uh, deal going on. So we are currently under contract for 16 and a half acres in Virginia. Wow. To develop a RV and boat storage facility now. A year ago had to me thinking about I could a year and a half ago, I didn't even know how I was gonna buy a 10 year department building. And now I'm talking about developing, you know, 16 acres into an RV boat storage facility, um, which is crazy. Um, but you know, we had a guy on the podcast and he was talking about it and I've always wanted to get into storage, you know, uh, storage units, mm-hmm , um, or storage. You're you're basically just, you know, renting a box or renting a piece of dirt. Um, so there's no electricity, there's no toilets. There's no nothing like no evictions, all that. And uh, this guy brought the deal to me and I really, I liked the numbers. The numbers were insane. So I said, Hey, let's try. So we put the land under contract and it is under contract with a condition that the city has to approve what we want to do, which we've already went and kind of got like the handshake agreements from everybody, but it has to go through the proper process. So it's gonna take, um, three to six months to go through the conditional use permit process. Um, I actually have. You know, I don't think you could see it, but I got the, we, we got the updated engineering today. Um, so it's gonna be 328 spaces. Um, if you do some quick math, we should be able to rent it for between 125 and $150 a space. So that brings us anywhere from. Roughly 30 to $45,000 a month gross. Um, our expenses should be a little more than 8,000, so we're gonna net anywhere between 25 and $35,000, um, a month, one less. And we, and we're a majority owner. Um, so right now we have, we own 85% of this. So this is gonna be life changing. Mm-hmm  like the number, my goal was $30,000 a month as like my first, it was 10,000, you know, that was like our financial independence number. You know, everybody kind of has that $10,000 a month. That'll change your life. Um, and then it was 30. Was the next goal and this will put us like surpassed that no problem. Um, and that was in like a year and a half, which is crazy. Crazy. Yeah. But, um, I, I have no idea how to run a storage facility. I've never developed anything before. Um, we're just going for it, you know? We have, I have a partner who lives down there and knows a bunch of contractors and he's part of the deal and he's doing all that stuff and we're doing the finance part and I'm figuring it out, you know, love it. So I did, if you've got time, I have one more question. I got, yeah, I got plenty of time. Awesome. So you started in 2013, very different market. I, I actually started in 2013 as well with, with just casually buying a property at the, at the lower end of the market. Right. So, um, mm-hmm, , you know, I've not forced appreciation. I've just had kind of rocket ship appreciation based on buying a, a cheap property in a good area. That's, that's gone up in value thinking about today and the kind of market conditions. What, what would you do now? What would you do differently? Uh, That's tough. Um, I'd tell you what I would probably, I, I turned down so many deals during like 2000 16, 17, 18 over like $5,000, like five grand, like $160,000 houses that were just selling for like 3 5400, you know, last summer. Um, but. I, I don't think I'd do anything differently really, cuz it, it got me to where I am today, you know, and maybe if, if I bought a bunch more single families back then maybe that I would've got stuck in the single family game and not went to small multifamily or moved or bought this apartment building and kind of got to where I am today. So when I look back on it, I look back and go that that's what got me here. You know, I, I can tell you what I'm to change my question. I, I guess I'd add, what would you, if you were starting out today, what would you do? And I guess that might be the same answer, but oh, if, if I was starting out today, what would I do? Um, yeah, a hundred percent. I would house hack a four year unit, a Plex or a fourplex. I would house hack. I would do that for two or three years. When I was young, you know, if, if, if I was starting off again, I didn't even know that was an option back then. But I would've been able to convince my wife when we were like 22, 23. And within three years you could have, you know, six to 12 units doing it with a duplex or a quadplex. And that would set you up for the rest of your life, you know, to be 26, 27 with 12 rentals, and then go buy that dream house. Like that would be the one thing that, um, I would do differently just if I'm young, like, and you're an investor, like skip the single family. Buy a small multifamily, it's the same exact process. You're gonna make more cash flow. Um, if that's what you, if you really want to build like a solid foundation, um, which I look at long term rental assets as kind of like the foundation to real estate. And then once you build that solid foundation, then you can go do some of those higher risk, higher return things like short term rentals, midterm rentals, furnished finders, vacation rental. Development storage, you know, commercial buildings, all this other stuff that's out there, you know, get your long term, you know, foundation of consistent monthly rentals in, and then you can go do some of this more creative, you know, higher return stuff. Mm-hmm . No. That's awesome. Um, what's the best way people can connect with you? I think we talked about Instagram, but feel free to, uh, to put the socials out there as well. Yeah. So the, if anyone wants to reach out, um, you can reach out at, um, at rental property, couple. Um, so I'm the one that runs the page. So you can reach out to us at rental property. Couple, you can do, uh, the RFI podcast on Instagram, uh, rental property, couple on TikTok, all of that. Or you can find me on Facebook at Patrick Ryan. Um, we've got a meetup. So if you're in the Maryland area, we just started to meet up last month. Um, So it's in Northern Maryland, it's called ails and assets. You can go on Facebook and just type in ails and assets, um, west mins or carro county meetup, and come join us at the meetup man. And, uh, yeah, you can find me at all different places. I respond to everybody just don't, you know, Asked me to invest in like your crypto scheme or anything like that. But, uh, , that was my next question. I'm not gonna do that, but, uh, yeah, reach out, reach out to me on there and, uh, I'm happy to help anybody. Patrick, thank you so much for today. It's it seemed to fly by. So, uh, thank you so much and it's, uh, it's a great conversation, so much great, uh, advice and content and, and kind of next, um, Next kind of things to think about and get the brain worrying. So hopefully our audience loved it. Um, if you did leave, love it, you know, hit us up  or he is on the socials and, uh, we'll be back next week. Patrick. Thank you. Thank you guys. And make sure to go lead this podcast to review on apple or Spotify or any of them. Five stars. Good, great point. I, I don't say that enough. So, uh, thanks, Patrick. And we'll be back. Thank you for listening to the investor podcast, we all have a story. What's yours, the investor's podcast.

Show Notes: https://www.tamihackbarth.com/blog/episode-153 Show Links: Tara's website Tara's instagram Add your name to the Deferred Maintenance waitlist!

Segment 2 – Top 10 Trends That Date a HomeBarb, If someone is thinking of selling their home, what are some of the top trends that are dating a home?BEFORE YOU UPGRADE – ASK ME – Not all improvements will add to the bottom line!It Depends on:• Price Range• Market Conditions• Area competitiona.Buyers DO Eliminate Homes with 'Deferred Maintenance' (unless priced aggressively low) – SNOWBIRDb.How it looks is important because buyers eliminate homes in less than 1 minute!How do You Know What is Dated and What is NOT?1. If YOU like it and you are NOT moving – Don't worry about it!2. Any improvements or updating should initially be done for YOU not to sell!3. Here are some of the top 10 things that can date a home.• Signs eg: Love Live Laugh• Swap for some nice artwork  a. You can get great pieces at Target, Walmart, AFW, Kirdlands#2: The Tuscan Look Especially FAUX painting#3: Out-dated Color Palette• Obviously dated colors:• Golden palettes, GRAY...YAY• Substitute: Warmer Neutrals• Go visit Model homes and ask them the paint colors  a. Behr Burnished Clay:#4: Dated Look: Honey Colored HIGH GLOSS FloorsMatt Finish Natural Color – Look at Model Homes!Barb we are talking about the top 10 trends that are dating your home.. What are some other things home sellers should consider updating when getting ready to sell a home?#5 Raised Counter Bars – esp in Kitchen#6 Heavy Drapes on WindowsEasy Fix: take down or swap with light shears if anything#7 Frosted or Colored Light Globes on Light FixturesTake them off and replace them with clear#8 Dark Wood with Wrought Iron#9 Bed In a Bag#10 Heavily Themed Décor“I'M COMING FOR YOUR OARS”Trending now... Un-decorate!You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, you can reach me at 719-301-3900. If you are in your car and cannot listen to the whole show, you can listen to the show on Barb's website:  BarbHasTheBuyers.com When We come Back, we will be Discussing: The Top 6 Reasons why Pending Home Sales Fall Through#realestatevoice #barbschlinker #coloradosprings #yourhomesoldguaranteedrealtycolorado #barbhasthebuyers

Show links: https://www.tidyrevival.com/blog Add your name to the Deferred Maintenance waitlist!

Show notes: https://www.tamihackbarth.com/blog/episode-150 Show links: Join my book club on Fable! Add your name to the Deferred Maintenance waitlist!

Show notes: https://www.tamihackbarth.com/blog/episode-149 Show links: EP 147: Summer Quickie - Ditch the Negative Self-Talk EP 148: Summer Quickie - Everyone Sucks, Not Just You Join my book club on Fable! Add your name to the Deferred Maintenance waitlist! https://self-compassion.org/ Episode #3: The Secret to Self-Care: Self-compassion

Guests Taylor Loht & Kenzy Barrett discuss capital planning and what to look for in C class properties. Also they go into examples of how to go about helping others raise capital for investment deals.Join our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://bit.ly/3zvlcWCThis episode originally aired on July 25, 2022----Your host, Brian Briscoe, has been a general partner in 655 units worth $50 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on LinkedIn----Taylor LohtTaylor is a commercial real estate investor, focusing on multifamily and self storage properties. He focuses on sunbelt markets and properties with strong value add potential. He started investing in real estate in the 20teens, after one too many ups and downs on the Wall Street roller coaster.Learn more about him at: https://bit.ly/3b4G65C----Kenzy Barrett  Kenzy is 20 yrs old and currently a small business owner of a vending machine company based in the state of New Jersey. Kenzy is venturing into the world of real estate as a managing partner of Blueprint Landmarks a privately held Investment company that focuses on acquisition and management of multi-family apartment complexes.Learn more about her at:  https://bit.ly/3IZRLzf

In this weeks mid-week special we talk about the heat wave, how inflation is slowing home improvement and upcoming projects for Eric G and Caroline B. We even talk a little bit about caulking! All this and MORE in this weeks episode. Thanks for listening to Around the house if you want to hear more please subscribe so you get notified of the latest episode as it posts at https://around-the-house-with-e.captivate.fm/listen (https://around-the-house-with-e.captivate.fm/listen) We love comments and we would love reviews on how this information has helped you on your house! Thanks for listening! For more information about the show head to https://aroundthehouseonline.com/ (https://aroundthehouseonline.com/) We have moved the Pro Insider Special on Thursday to its new feed. It will no longer be on this page. You can find it and subscribe right here: https://around-the-house-pro-insider.captivate.fm/ (https://around-the-house-pro-insider.captivate.fm/ ) Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show.

Greetings Foreclosure Deals Coach Family!!!As investors, we've seen rising inflation numbers impact our industry in a big way. Home prices have appreciated at record rates in response over the last two years, but in 2022 we're starting to see our government take measures to curb that inflation by raising interest rates over the last few months. Although we have seen a slight depreciation in prices recently and expect a more noticeable dip in the future, some parts of the real estate industry are still dealing with rising costs resulting from trillions of dollars being injected into the economy through stimulus packages. Homebuilders, investors, and rehabbers are still managing the significant jumps in costs of materials and labor in an effort to maintain profitability, but let's take a look at this reality from a consumer standpoint. We know as flippers and investors that items like wood and paint are more expensive, but what does that mean for the normal homeowner who might need to do some repairs around the house? For 43% of homeowners in the U.S., it means putting off maintenance because they lack the money to pay for the repairs. But how long can someone defer repairs and maintenance before the impact starts becoming detrimental to the integrity of the home? And as these homes slowly deteriorate over time, how should we as investors position ourselves to be a resource to homeowners who might not have to capital to address their deferred maintenance?Tune in to learn why deferred maintenance is a risky proposition for homeowners, and how you can navigate the rising costs of homebuilding materials to still find deals that might need a little more work but offer bigger spreads and more profits.Mentioned in today's episodePropstreamLaunch ControlForeclosure.comRentReportersHere's a link to the article Donny discussed in today's episode:43% Of Homeowners Have Delayed Home Improvements & Maintenance Due To Inflation, Here's Why That's RiskyWant to get started?Join the Foreclosure Deals Coach Insiders group on Facebook to begin your career in real estate investing. for even more information on foreclosure and real estate investing!https://4clsd.co/fdcReach out to Jonathan to learn more about the Foreclosure Deals Coach Program!We're offering a FREE 7-Day Trial of the PropStream software when you sign up through the Foreclosure Deals Coach affiliate link. Go to dealhunter.io to sign up and be confident in analyzing your next deal!Sign Up For Your Free 7-Day Trial Of Propstream TODAY 

This week, "Katrina Trucks" present unique problems, and bees be building! We then have a long chat about everyone's favorite topic to ignore: deferred maintenance. We are looking forward to saying "why hello" to you by email:  CatholicHitch@gmail.com.The intro and outro songs are used under a licensing agreement, and licensed for use on this podcast; they are both by one of our favorite bands:  Estradasphere.Podcasts we love:Catholic in a Small TownThe Bible in a Year (with Fr. Mike Schmitz)This Is JenClerically SpeakingThe After Dinner ScholarWord on FireThe Liturgy GuysThe Pillar PodcastCheck us out on YouTube

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Deferred Maintenance!  In this episode Dean wonders what you're reading, talks about your influence over those you come in contact with, and describes his recent F-16 flight!

Welcome to Real Estate (Un)Success Stories. After only a short few seconds, you'll catch the infectious energy and enthusiasm of Cody's  guest on this episode, Lee Yoder. Lee was practicing physical therapist when he realized his true passion was building his own business and investing in real estate. He took this passion and considerable action to quickly build a portfolio with several small apartment buildings. He was able to swiftly reposition this portfolio, bring it full cycle, and provide an incredible return for his investors.     Today, Lee is focused on syndicating larger apartment buildings. He is the founder and visionary behind Threefold Real Estate Investing, and he's committed to forging a path that will generate incredible wealth and opportunity for all involved. His focus is driving the business forward by forging new relationships with top-notch professionals in the real estate world and bringing on more partners to invest alongside Threefold.     Lee also hosts a podcast, Threefold Real Estate Investing, which discusses multifamily real estate investing, while also focusing on pursing better relationships with family and a better walk with Christ. Make sure to connect with Lee on Facebook or LinkedIn.     Key Takeaways:   Think about and consider what success looks like to you, prior to investing. Are you Under capitalized for deferred maintenance or the “little things” that pop up? Do you know how much you need to set aside per unit, per year for maintenance costs? “Hang in there. You gotta stick with it. “     During his conversation with Cody, Lee refers to the book, The Compound Effect from Darren Hardy.     Thanks for listening to The Real Estate (Un)Success Stories podcast.  Help someone hear the challenges we went through so they can avoid the same mistake by sharing this episode or listen to our previous episodes. Please don't forget to leave a review and 5-star rating on your favorite podcasting platform.   Vendue Capital is on the Web and, you can connect with our host, Cody Lewis on LinkedIn.   Production services for The Real Estate (Un)Success Stories podcast are provided by Downtown Podcasting. To start a conversation on how you can have a podcast, simply send an email to info@downtownpodcasting.com.

This sermon is from a service that was streamed on September 12, 2021, and led by Interim Ministerial Rev. Dawn Cooley. Deferring maintenance can happen not just in our buildings but also in our spiritual lives, in our relationships, in our society and in our institutions, with similarly detrimental impact. The theme for September is embracing possibility. To read about our theme-based ministry, please visit http://www.unitytemple.org/faith-development/soul-connections on our website. For the safety of all in light of the COVID-19 pandemic, UTUUC will NOT be holding in–person worship until further notice. We have also cancelled or postponed any congregational events that would have taken place. To see a video of this complete service, click HERE. For information about how to join our Sunday morning live stream worship service on YouTube and our virtual fellowship hour on Zoom after the live stream, please visit our website at http://www.unitytemple.org. Please note that the service is currently held at 10:00 a.m.

Quick DIY Home Inspection You Can Do While Viewing a HomeSegment 2How does a buyer know whether or not they are getting a home in good condition?  We cannot re-supply the inventory of homes priced all the way up to $1,000,000The Inspection IssuesThere is NO License in CO to be an InspectorThings to Check While ViewingIt’s so easy the first time you see a home to have rose colored glassesMost Buyers DO NOT WANT to purchase Deferred Maintenance unless the price is great Key Spaces I would Check:Age of FurnaceAge of Water HeaterAge of RoofCracked WallsHidden spacesStructuralElectrical PanelWhat Else to Check?Inside ThingsKitchen ConditionBath ConditionWhat Else to Check?Outside ThingsGrading away from foundationDeckOnline access to check permit Dedicate an entire phone lineThis Can All Be Done During the ShowingCaution:  If the home is not of interest to you, let your agent know and move on.We offer our VIP Buyers Insider Access to Homes They Cannot Find on the InternetPlus we Guarantee Their Success on their PurchaseTo Find out More: Give us a Call at 719 301 3900What are some Solutions you and your team have come up with to minimize contracts falling out over inspection issues?Sellers Pre Certified HomesWaivers we are Seeing in Today’s MarketAppraisal WaiversInspection Waivers“Health and Safety Only Inspections”Limitless Escalation ClausesWe Have Programs That Help Home Sellers Avoid:Home Inspection Nightmares:If you’re thinking of making a move call Barb a 719 301 3900 OR VISIT www.BarbHasTheBuyers.comFREE Report:  11 Home Inspection Traps and How to Avoid Them.To Download: visit BarbHasTheBuyers.com, click on the Green Button and select: Pass Your Home InspectionThe Hottest Property Improvements that Command the MOST Money When you Sell

UNC's deferred maintenance backlog has grown to over $900 million and counting. The facilities condition index suggests that the average of all UNC Buildings is 0.19 — falling in the poor condition category. DTH reporter Preston Fore talks about what deferred maintenance means and what implications the status of the deferred maintenance backlog has for the University moving forward. Host Evely Forte also chats with Ananya Mallik — a UNC sophomore in the middle of the pre-sale process for her debut novel, "Endless: A Villain's Love Story."  Episode hosted by Evely Forte and produced by Praveena Somasundaram. Supervising producers are University Desk Editor Maddie Ellis, Digital Managing Editor Will Melfi and Editor-in-Chief Anna Pogarcic. You can pre-order "Endless: A Villain's Love Story" and support Mallik here.

UNC’s deferred maintenance backlog has grown to over $900 million and counting. The facilities condition index suggests that the average of all UNC Buildings is 0.19 — falling in the poor condition category. DTH reporter Preston Fore talks about what deferred maintenance means and what implications the status of the deferred maintenance backlog has for the University moving forward. Host Evely Forte also chats with Ananya Mallik — a UNC sophomore in the middle of the pre-sale process for her debut novel, "Endless: A Villain's Love Story."  Episode hosted by Evely Forte and produced by Praveena Somasundaram. Supervising producers are University Desk Editor Maddie Ellis, Digital Managing Editor Will Melfi and Editor-in-Chief Anna Pogarcic. You can pre-order "Endless: A Villain’s Love Story" and support Mallik here.

Everyone that is in the #bizav community thinks they understand MELs and where things are currently at, but in Season 2 Episode 11 of Jet Blast you will quickly learn as Nathan, Andy, and Lee did that there is a lot of change in the wind. Dave Burk is the patriarch of the Aerodox family and his business story and how that intertwines with family and his passion for aviation is something you do not want to miss. Dave can be found a variety of places to include some more in-depth webinars from our friends at ATP - links below. Dave Burk LinkedIn: https://www.linkedin.com/in/david-burk-966a069/ Aerodox: https://www.aerodox.com Mastering MELs: Part 1 – What is Deferred Maintenance and the Whys of MELs - On-Demand: https://bit.ly/3dXan3O Mastering MELs: Part 2 – Understanding the HOWs - Registration: https://bit.ly/3e0Nz2X --- Send in a voice message: https://anchor.fm/jet-blast/message

Season 6 draws to a close with Episode 60. The guys kvetch about winter weather and the Texas power grid. For some reason, Rush Limbaugh comes up again; hopefully for the last time. Suntory Whisky Toki®   and a Naked Grouse Rob Roy (on the rocks) are dranken. The 60th episode prompts discussion of the most popular episodes, according to download stats. Phil's Shoes, and a Puzzle Update! John talks about the TV show, “The Boys” and plays a game of “Which Urban?”.  Phil mentions Street Food: Asia.   The Song:  Texas Power Grid

Jeff Gould (https://www.loopnet.com/brokerdirectory/profile/jeff-gould/sk2zdp6/aboutme) is the founder Lineage Asset Advisors (LAA) (https://lineageasset.com/) a full-service commercial real estate advisory and consulting firm providing customized commercial real estate services to help families make seamless transitions with their properties – from one generation to the next. Lineage collaborates with estate planning advisers to develop and implement portfolio solutions that meet the goals of multiple generations. Their aim is to preserve and enhance family wealth and legacy during difficult life transitions while establishing a culture of respect, peace of mind and financial sustainability. Standout Quotes: * "Like most forms of financial planning, the sooner you plan ahead, the much easier it is to implement and follow through" - [Mike Boyd] * "Even if the family is risk-averse, I think it is really critical for them to understand that the risk of doing nothing may still be higher than the risk of doing something if they plan to keep the assets" – [Jeff Gould] * "I think many families need to stay nimble in the future and really adjust for change" – [Jeff Gould] * "Wealth and wealth transfer doesn't always lead to happiness, in fact in many cases it leads to conflict and challenges and strife among family members, so we want to try to shift that conversation, and that takes effort and planning" – [Jeff Gould] * "Life is generally empty and meaningless, and we have the ability to establish positive and productive meaning in the midst of a world in constant transition" – [Jeff Gould] Key Takeaways: * The ideal scenario would be to involve Jeff early in planning for the transition but the reality is that he is engaged much later when things need to move quickly. * There is a unique skill set that is needed to be a trusted adviser to help the family understand what they have in regards to Real Estate, and develop a plan with that Real Estate called a "Shared Asset Ownership plan" that considers the variables of the next generation. * The 3 phased process includes Discovery, Planning, and Implementation. * Addressing the issue of Deferred Maintenance; the 'Do Nothing Scenario' and the 'Do Something Scenario' * 5 Transition Strategies in Real Estate planning: Communication and Education, Conflict Resolution and Accepting differences, Rediscovering your commercial Real Estate portfolio, Developing a mindful asset transition plan, and Implementing the plan and adjusting for change * Jeff's advice to Real estate entrepreneurs: Creating your estate plan and developing a shared asset ownership plan that aligns with the next generation. * Jeff explains that he helps the family understand that it is a fortunate situation to be carrying on and stewarding the transition of the assets rather than focusing on the personal value of the asset to each family member. * Be respectful to everyone you encounter. Episode Timeline: * [00:49] Jeff Gould and his professional background * [06:06] Do you usually get called in at the time of a transition event in a family or ahead of that time to plan a healthy transition? * [08:37] Jeff gives a general picture of the different categories of clients he works with. * [11:12] What are the particular challenges with the real estate space that create the need for Jeff's specialty, to steward assets in family transition rather than a generic accountant or financial planner? * [16:51] Jeff describes the 3 phased process of his work with families * [24:00] Addressing Deferred Maintenance * [30:50] What would you say is the appetite for innovation in Real Estate? * [35:06] 5 transition strategies in Real Estate planning * [39:44] What advice would you give to a founding generation or Real Estate entrepreneur to best prepare themselves to have a great plan in place? * [43:24] Do you work with any families that are multigenerational into the 3rd, 4th, or 5th generations? * [49:38] From Jeff to his kids *For more episodes go to * BusinessOfFamily.net (https://www.businessoffamily.net/) Sign up for The Business of Family Newsletter at https://www.businessoffamily.net/newsletter (https://www.businessoffamily.net/newsletter) Follow Mike on Twitter @MikeBoyd (https://twitter.com/MikeBoyd) If you feel it's appropriate, I'd so appreciate you taking 30 seconds to Leave a Review on iTunes (http://getpodcast.reviews/id/1525326745), I receive a notification of each review. Thank you! Special Guest: Jeff Gould.

In this S&C Clip, Architect Bro. Darrel Babuk discusses the Danger of Deferred Maintenance for/on Masonic Buildings. All opinions expressed are those of Square & Compass Promotions and the guest(s), and do not necessarily reflect the opinions of the Windsor Masonic Temple and/or Grand Lodge of Canada in the Province of Ontario. Find the video here!

Knowing what to look for at an open house can save you time and money when purchasing a home. Visiting an open house or private showing is a great way to see if a home needs repairs or updates before writing an offer. It's also a great way to see if the home will fit your needs. THere is more to look for than just the floorplan and how the seller decorated.In this video, I'm going to share with you 7 things you should look for. They are;Odors, Pets, Pests, Temperature, Deferred Maintenance, Water Damage, and Foundation Issues.These 7 things may cause you to rethink writing an offer on the home.

Many homes are purchased with FHA financing, and unless you're buying a brand new home, there's likely some cosmetic issues that need to be fixed…sometime.  What does FHA say about these minor issues, commonly referred to as deferred maintenance?  Listen to this podcast and find out! Mortgage e letter 2005 - ml-48 link:  https://www.hud.gov/sites/documents/DOC_12628.PDF