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*DISCLAIMER* This episode covers adult topics that are not intended for young ears. 260. Sex After Cancer with Dr. Kris Christiansen James 1:19 (NIV) My dear brothers and sisters, take note of this: Everyone should be quick to listen, slow to speak and slow to become angry, **Transcription Below** Questions We Discuss: What is common mis-information that you want to set straight as it relates to cancer and sex? If someone is walking their own cancer journey right now, what would you advise them to both do and avoid doing so that they can still enjoy the healthiest sex life possible with their spouse? What hope do you have to share with people who have battled cancer and still desire to connect intimately with their spouse? Dr. Kris Christiansen is a board-certified family physician who specializes in sexual medicine. She attended medical school and completed her residency in family medicine at the University of Minnesota. She practiced full spectrum family medicine for 10 years and then pursued additional training to specialize in sexual medicine. She works as a sexual medicine specialist at two different clinics in the twin cities. Her clinical interests include both male and female sexual dysfunction, and she loves working with individuals and couples to restore an important part of life. Dr. Christiansen is involved with teaching medical students and residents at the University of Minnesota Medical School, and she has presented at multiple local, national, and international medical conferences. She is involved with the International Society for the Study of Women's Sexual Health (ISSWSH) and serves on committees, collaborates with other experts to publish articles for medical journals, and edits informational articles for the society's new patient facing website. She is passionate about teaching patients, students, and colleagues about the importance of sexual health and well-being. In her free time, she started her own business called Intimate Focus which provides information and quality products to enhance and restore sexual health and wellness. She also enjoys shopping, hiking, and spending time with her family. Dr. Kris Christiansen's Website Previous Episodes featuring Dr. Kris Christiansen on The Savvy Sauce: 215 Enriching Women's Sexual Function, Part One with Dr. Kris Christiansen 216 Enriching Women's Sexual Function, Part Two with Dr. Kris Christiansen Additional Place to Find More Episodes from The Savvy Sauce Related to This Topic: One-Stop Shop for Marriage and Intimacy Resources Dr. Kris Christiansen's Recommended Websites for Sexual Health: The Menopause Society Mayo Clinic National Institutes of Health International Society for the Study of Women's Sexual Health American Urological Association International Society of Sexual Medicine Sexual Medicine Society of North America American Cancer Society ISSWSH International Society for the Study of Women's Sexual Health SMSNA Sexual Medicine Society of North America ISSM International Society of Sexual Medicine The Menopause Society Find a provider: For a women's sexual health provider, pelvic floor physical therapist, (non-Christian) sex therapist ABCST American Board of Christian Sex Therapists (for a Christian sex therapist) Thank You to Our Sponsor: Leman Property Management Company Connect with The Savvy Sauce on Facebook or Instagram or Our Website Please help us out by sharing this episode with a friend, leaving a 5-star rating and review on Apple Podcasts, and subscribing to this podcast! Gospel Scripture: (all NIV) Romans 3:23 “for all have sinned and fall short of the glory of God,” Romans 3:24 “and are justified freely by his grace through the redemption that came by Christ Jesus.” Romans 3:25 (a) “God presented him as a sacrifice of atonement, through faith in his blood.” Hebrews 9:22 (b) “without the shedding of blood there is no forgiveness.” Romans 5:8 “But God demonstrates his own love for us in this: While we were still sinners, Christ died for us.” Romans 5:11 “Not only is this so, but we also rejoice in God through our Lord Jesus Christ, through whom we have now received reconciliation.” John 3:16 “For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.” Romans 10:9 “That if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.” Luke 15:10 says “In the same way, I tell you, there is rejoicing in the presence of the angels of God over one sinner who repents.” Romans 8:1 “Therefore, there is now no condemnation for those who are in Christ Jesus” Ephesians 1:13–14 “And you also were included in Christ when you heard the word of truth, the gospel of your salvation. Having believed, you were marked in him with a seal, the promised Holy Spirit, who is a deposit guaranteeing our inheritance until the redemption of those who are God's possession- to the praise of his glory.” Ephesians 1:15–23 “For this reason, ever since I heard about your faith in the Lord Jesus and your love for all the saints, I have not stopped giving thanks for you, remembering you in my prayers. I keep asking that the God of our Lord Jesus Christ, the glorious Father, may give you the spirit of wisdom and revelation, so that you may know him better. I pray also that the eyes of your heart may be enlightened in order that you may know the hope to which he has called you, the riches of his glorious inheritance in the saints, and his incomparably great power for us who believe. That power is like the working of his mighty strength, which he exerted in Christ when he raised him from the dead and seated him at his right hand in the heavenly realms, far above all rule and authority, power and dominion, and every title that can be given, not only in the present age but also in the one to come. And God placed all things under his feet and appointed him to be head over everything for the church, which is his body, the fullness of him who fills everything in every way.” Ephesians 2:8–10 “For it is by grace you have been saved, through faith – and this not from yourselves, it is the gift of God – not by works, so that no one can boast. For we are God‘s workmanship, created in Christ Jesus to do good works, which God prepared in advance for us to do.“ Ephesians 2:13 “But now in Christ Jesus you who once were far away have been brought near through the blood of Christ.“ Philippians 1:6 “being confident of this, that he who began a good work in you will carry it on to completion until the day of Christ Jesus.” **Transcription** Music: (0:00 – 0:09) Laura Dugger: (0:10 - 1:22) Welcome to The Savvy Sauce, where we have practical chats for intentional living. I'm your host, Laura Dugger, and I'm so glad you're here. Leman Property Management Co. has the apartment you will be able to call home, with over 1,700 apartment units available in Central Illinois. Visit them today at lemanproperties.com or connect with them on Facebook. Today's message is not intended for little ears. We'll be discussing some adult themes, and I want you to be aware before you listen to this message. Not many people specialize in the same thing as our returning guest for today, Dr. Kris Christiansen. She specializes in sexual medicine, and today she's going to provide clarity, information, and direction for how to maximize sexual pleasure with our spouse after one receives a cancer diagnosis. Here's our chat. Welcome back to The Savvy Sauce, Dr. Christiansen. Dr. Kris Christiansen: (1:23 - 1:30) Well, thank you so much, Laura. We had so much fun last time, and I'm looking forward to this conversation again today. Laura Dugger: (1:31 - 1:57) Likewise. I feel the same way. And it really wasn't that long ago that you were on The Savvy Sauce two times, so I'll make sure and link to both of those episodes in the show notes for today. But hopefully everybody's already well acquainted with you, and that's why we're just kind of diving right into our topic today. So, for starters, how did this topic of sex after cancer become an interest of yours to study? Dr. Kris Christiansen: (2:00 - 2:32) Well, so Laura, my job as a sexual medicine physician is that I work with both men and women and helping them with their sexual lives when they have problems or whatever. So, cancer is often a big part of that. So, through my journey with work, I've just developed a significant interest in learning how to really care for people to help restore this important part of life. Laura Dugger: (2:33 - 2:52) Absolutely, because a lot is taken away when somebody gets that awful diagnosis, and so I'm very grateful for people like you who are experts. But is there any common misinformation that you would like to set straight as it relates to cancer and sex? Dr. Kris Christiansen: (2:55 - 6:42) Well, interesting you say that, because there is so much misinformation out there just about sex in general. And then when we throw cancer in on top of that, it just makes it even more complicated. So, I think a common fear that people experience when they get that diagnosis that they hope they never hear, the C word, is that it's going to have a significant impact on their sexual intimacy. And you know what, it can, but that doesn't mean that that chapter in life is closed. We just have to remember that sexual intimacy is much, much broader than just intercourse. So, if we can refer to this as PIV sex, penis in vagina sex, many people view it as kind of an all or none thing. If they can't have vaginal intercourse or that PIV sex, then they don't want anything at all. Unfortunately, that just rules out or shuts out so much of sexual intimacy that God has intended for us. We may not be able to engage in the same activities for a time or even long term, but that doesn't mean that we can't connect. So, if we try to remember that intimacy, sexual intimacy is all about giving and receiving pleasure, then there are so many more opportunities. So, we have to get beyond the fact that sexual intimacy, sexual intercourse is just vaginal intercourse because it's not. It's giving and receiving pleasure. And however people want to connect or comfortable connecting, that they can still enjoy a very fruitful sex life. The other thing that is misunderstood and misconceptions is estrogen, vaginal estrogen, especially. Because, well, all women who enter menopause and you're in menopause for the rest of your life do experience some changes. And it's so common that women experience the genital urinary syndrome of menopause. That's vaginal atrophy, or when the tissues get drier and thinner and there can be tearing and pain as well as bleeding and decreased sensation, decreased sensitivity. These things are common with aging, but oftentimes cancer treatments emphasize that or accelerate it or make it even worse. And vaginal estrogen is really, really safe. It does not cause cancer. And most of the studies show that even in women who have breast cancer, that it doesn't cause recurrence. So vaginal estrogen, being so safe, can really save our vaginas. And we're talking about vaginal health and bladder health. It's not just about sex, but it helps keep our bodies functioning properly and minimizing pain and discomfort. So, if a woman is diagnosed with breast cancer and she's on treatment, then obviously we have to talk to the oncologist, make sure they're okay with that. But we get more and more studies showing it's safety and it's definitely effective and can help keep our tissues young. Laura Dugger: (6:42 - 7:25) This is really helpful and brand new information to me. So someone, like you used that example, if they have breast cancer diagnosis and there's different types, but if they're doing the treatment where perhaps they go into early menopause or they have a hysterectomy or remove their ovaries and they even have an estrogen blocker so that they're not producing estrogen, for that type, you're still saying as long as you're working with the oncologist for that personal client, even in those situations, vaginal estrogen, which would be, I'm assuming, more of a cream or something you insert to the vagina, is that right? That that would be safe? Dr. Kris Christiansen: (7:25 - 10:55) So, where it gets a little gray is if the woman is taking an aromatase inhibitor, which is the estrogen blocker. So, it pretty much wipes all estrogen out of her system. There's a little more risk there. So most definitely we need to double check with the oncologist. But it often comes down to quality of life. I have a patient who, she was diagnosed with breast cancer, I believe, in her early 60s. And she came to me at the sexual medicine clinic and she was just miserable. I mean, when we think of vaginal dryness, you think of, okay, it's annoying. You use a lubricant, right, and it's going to be just fine. In the beginning, yes, that's the case. But this genital urinary syndrome of menopause, GSM, gets worse with time, especially with those anti-estrogen treatments. And for this poor woman, she couldn't exercise. She loved to go hiking. She loved to go skiing. And just any kind of movement was painful. And we don't think of that. We kind of take it for granted. But for some women who really experience severe side effects of the breast cancer treatments and causing dryness and irritation, it affects everything. And for her, we tried all the non-hormonal things first. They didn't work. And her oncologist gave us the blessing saying, you know, we tried it. This is really important to you. Let's give it a try. And so, we've monitored her, and the vaginal estrogen hasn't caused any problems. So, a couple points on that. With the vaginal estrogen, yes, it comes as a cream. There's a tablet, which is like a little pill with an applicator that you insert in the vagina. There are vaginal inserts. They look like little caplets that you just insert with the finger. There's a vaginal ring. But with the localized treatment, it's meant to just act locally, meaning just on the vaginal tissues. And, oh, package insert. So, you know, here we tell patients, vaginal estrogen is safe. Don't worry. It's not going to cause cancer, heart attack, strokes, or blood clots. But then they go home. They get their prescription. They open up the patient insert, package insert, and it talks about risks and bad things that can happen and side effects. Unfortunately, the FDA says we have to use the class labeling or the side effects that are associated with systemic estrogen. And it automatically gets applied to the localized or vaginal estrogen treatments. So, patients go home, they read that, and they think we're lying to them. But, unfortunately, it's just very misleading because we have plenty of studies to show that vaginal estrogen doesn't cause those terrible things. And it's very safe. So, they just have to trust us. And there are groups and people out there trying to work with the FDA to get that class labeling effect removed because it just scares everybody away from using estrogen, which can be so helpful. Laura Dugger: (10:57 - 11:04) Wow, that is helpful. Is there any other common misinformation you want to make sure we don't overlook before we continue on? Dr. Kris Christiansen: (11:05 - 11:29) Well, I made a few notes here. No, I don't think so. Except that media, television, and all that other stuff that we see out there is so misleading when it comes to sexual intimacy. Because sex in real life doesn't look like what you see in the movies. Yeah. Laura Dugger: (11:30 - 11:45) Great, great point. And so, when somebody does get, like you said, that dreaded C-word diagnosis, what's a common path that they may experience as it affects them sexually? Dr. Kris Christiansen: (11:48 - 14:00) Well, so, the different cancers are so different and treatments are so different that it's hard to generalize for everybody. But, you know, first thing most people experience is fear. What's this mean for me? What's this mean for my life, my family? Am I going to be around in five years? So, it's that fear. And the initial part of that journey is often involved with meeting with lots of doctors, having all the tests, trying to figure out what's going on, what we're going to do. And sexual intimacy often isn't part of that first steps that they take. So, but when things kind of finally settle down, then those questions start popping up. What does this mean? It's important to talk with your cancer journey, your cancer team, the oncology team to find out what's going on. And it's important to ask all these questions because doctors really aren't very good about asking about sexual health and what that means to you. Oncologists, generally speaking, they want to treat the cancer and their job is done when the cancer is treated, under control, gone, whatever. And they've done a good job. However, so many of us are just left afterwards saying, okay, thanks, cancer's gone, but now what? And so, it's a matter of really trying to figure out what's important over time, learning what's going to work and what's not. And know that there are people out there to help you and that want to help you if it's not going as planned. You know, I just want to reiterate that people really need to advocate for themselves and they need to ask questions. And if they're not getting the answers that they want, don't give up because there are people, organizations, information out there that can be helpful. So rather than just worrying about what's next, seek help. Laura Dugger: (14:02 - 14:18) That's really great advice. And I think this may be an appropriate place to pause and just get some of those recommended places. Because if somebody, this is new to them and they don't know where to turn, do you have any places or websites off the top of your mind that you would recommend? Dr. Kris Christiansen: (14:20 - 15:41) Well, so cancer.org, the American Cancer Society has a lot of resources on there. When it comes to menopause-type symptoms and such, menopause.org is the Menopause Society, which has a lot of information. And a website called PROSAYLA, it's P-R-O-S-A-Y-L-A.com, is a website that's managed by ISHWISH. We've got all these acronyms. The International Society for the Study of Women's Sexual Health. So that is my go-to. Okay, so that's the organization where there's so much research and science and such happening. And the PROSAYLA.org or prosayla.com, either one works, is a website where there are several articles written by experts in the field. So, these are articles backed by science. It's not just somebody's opinion or somebody's blog. And I know there's an article on there about sex or cancer and sexuality. So, some generalities and some other references on that site too. Laura Dugger: (15:42 - 15:51) Okay, that is super helpful information. We'll make sure and add links to those places as well. Anything else that you want to make sure we don't miss? Dr. Kris Christiansen: (15:52 - 17:36) Well, when we talk about sexual concerns or sexual problems, we always try to approach it from a biopsychosocial aspect. Because those three different entities all play a big role in what works well and what doesn't. So, from the biological section, that's pain, medications, nerve problems, chronic medical problems. So obviously cancer plays a big role in that. And with cancer treatments and such, pain may be part of that, nausea, fatigue. And so, we just don't feel the same going through these treatments because it's really hard. As far as the psych bubble, I'm usually referencing a Venn diagram here. Psychological, so when we experience anxiety or depression or performance anxiety, that plays a big role. So, we need to take a step back and realize that what happens up here in our brain has a huge impact on how our bodies function physically. And then as far as the social aspect, that's our relationships, our interpersonal relationships with our partner, our spouse, with our family and how things are going on at work. A cancer diagnosis and treatment can affect all of those. And so, it's not just a magic pill to improve your libido because if we don't treat all these other things, people continue to struggle with their sexual function. Laura Dugger: (18:01 - 19:46) Duplexes, studios and garden style options located in many areas throughout Pekin. In Peoria, a historic downtown location and apartments adjacent to the OSF Medical Center provide excellent choices. Check out their brand-new luxury property in Peoria Heights overlooking the boutique shops and fine dining on Prospect. And in Morton, they offer a variety of apartment homes with garages, a hot downtown location and now a brand-new high-end complex near Idlewood Park. Their beautiful, spacious apartments with private garages in a quiet but convenient location await you in Washington. And if you're looking in Canton, don't miss Village Square Apartments. Renters may be excited to learn about their flexible leases, pet-friendly locations and even mini storage units available in some locations. Leman Property Management Co. has a knowledgeable and helpful staff, including several employees with over 30 years working with this reputable company. If you want to become a part of their team, contact them about open office positions. They're also hiring in their maintenance department, so we invite you to find out why so many people have chosen to make a career with them. Check them out on Facebook today or email their friendly staff at Leasing@LemanProps.com. You can also stop by their website at lemanproperties.com. That's LEMANproperties.com. Check them out and find your place to call home today. Also, Dr. Kris, are there any certain cancers or treatments that have the most detrimental impact on a person's sex life? Dr. Kris Christiansen: (19:48 - 23:15) We know that cancers that affect the breast, for women, but men too get breast cancer, and also the genital area have the biggest impact. We've talked a fair amount about breast cancer. Many of the treatments for breast cancer result in early menopause. If a woman is premenopausal when this happens, menopause can have a definite impact. The treatments can cause the pain and dryness and decrease sensitivity. Also, if surgery is involved in a mastectomy, it can affect our own body self-image. From a more physical standpoint too, when we have the mastectomy and those nerves are cut, it decreases the sensitivity. For a lot of women, breast stimulation is really important as part of their sexual play. If now her breasts are gone and she can't feel anything when her husband is touching her breasts, that can be a really hard adjustment. Any cancers that affect the genital area, uterine cancer, ovarian cancer, or anal rectal cancer for both men and women, and prostate cancer for men, those all have a huge impact. In addition to working with a lot of women who have breast cancer and overcoming and improving those areas, I work with a lot of men who have prostate cancer. Those treatments usually result in erection problems and urinary incontinence, which can be hard to deal with. Men who have a prostatectomy, so if they have their prostate removed, then 100% of them are going to have erectile dysfunction in the beginning. It's going to take time for those nerves to recover, and it may take up to two years to see that full recovery. In those first few months when I'm working with men, I'm trying to be their cheerleader, saying, don't lose hope, don't give up, because this is going to get better. It just takes time for those nerves to regrow. In the process, though, it is important to do whatever we can to make sure that that tissue stays healthy. Remember that the penis is actually muscle, muscle tissue, smooth muscle. If we don't use a muscle for several months, atrophy sets in, which is a bad thing. With atrophy, the penis can shrink in size, and scar tissue potentially can set in, and it just makes that recovery less optimal than what it would have been. Trying to maintain the blood flow during those first few months or first year is really helpful. Just to help maintain the blood flow and the oxygen to help keep the tissues healthy, so when the tenders do recover as best as they're going to, we get the best outcome. Laura Dugger: (23:16 - 23:36) This may be an ignorant question, but then if erectile issues are present during that first time period, but it's crucial to have the blood flow to that area, what can men do to increase blood flow there, even if erection is difficult or impossible? Dr. Kris Christiansen: (23:36 - 25:01) That's a great question. Taking a medication like Viagra or Cialis. Cialis is my favorite because it stays in the system for a good 36 to 48 hours every time you take it. If you're just taking a low dose every day, it just encourages a little bit of that blood flow every day. Using a vacuum device, which I just happen to have one right here, looks like this. A penis goes inside the cylinder, we create a vacuum or suction, and it pulls the blood flow in. It's not the most sexy thing, but using it and using the vacuum device several times a week just to get that blood flow going is a very helpful way to keep the tissues healthy. Getting an erection with the vacuum doesn't get those arousal-type feelings, so it looks a little weird, but it does work. For men who want to use this for sexual activity, you can get the erection within the tube, and then it comes with these tight rings that are stretched over the edge of the cylinder. Once you get the full erection within the tube, you slide that ring off to maintain the erection. Laura Dugger: (25:04 - 25:14) That's incredible just to pause and think of God's grace and these inventions and how incredible that there are solutions. Please continue, but I find that encouraging. Dr. Kris Christiansen: (25:16 - 27:39) There are all kinds of encouraging things, but if you're in the middle of this journey, it can be sometimes hard to keep going when you're not getting the results that you want to. But we believe in a big God, and he created sexual intimacy, and it's a gift. Other ways to help manage erectile dysfunction and a couple other show-and-tell things here. This medication is called Muse. The actual medication is a pellet that comes preloaded in this applicator. You insert it in the tip of the penis, the medication gets absorbed, and 10 minutes later, magic happens. I don't prescribe this very often because it's really, really expensive, a little harder to find. But the advantage to this medication is that it doesn't need the nerves to work, whereas the medications like Viagra and Cialis, they need the nerves. Guys usually kind of turn white when I pull this out. For our listeners, I'm holding an insulin syringe and needle. There is such a treatment where you can actually inject a tiny amount of medicine directly into the penis, and it will give you an erection. I tell men that with the pills like Viagra and Cialis, just in general with ED, it works in about 60% of men. We can get this to work, the injections to work, in 90-95%. It's such a tiny needle that men say it feels like a poke or a pinch once they get past that initial shock that they think is going to hurt. The usual response is, oh, that wasn't so bad, and it's very effective. This can work within four to six weeks, so whenever your surgeon says it's okay to engage in sexual activity again, this will work. Then last but not least is a penile implant. That's surgery, and that you have to wait at least a year, if not two, after the prostate surgery. That works in 99.99%. Wow. Laura Dugger: (27:40 - 27:56) We were focusing a lot on men for that one. Is there any medication or any other injections or anything like that for women, other than the vaginal cream or different ways to get estrogen in the vagina? Dr. Kris Christiansen: (27:58 - 31:15) Yes, we've got all kinds of treatments. If a woman has breast cancer, or for whatever reason we want to avoid hormones as much as possible, then generally we're starting with a vaginal moisturizer, which is different than a lubricant. A lubricant is just for sexual activity and just to make things slipperier and feel better. That often helps in the beginning, but as the GSM or the atrophy continues, the lubricant isn't enough. A moisturizer, think of like a facial moisturizer or a moisturizer for your hand, in order for it to work, you have to use it regularly, which is probably at least three times a week. These moisturizers can come in forms of a liquid that gets injected. They're little capsules that you can insert. Reveri is a hyaluronic acid suppository, which you insert in the vagina and over time that can be really helpful. One of my favorites is this Rosebud Everyday Balm. It's a really nice balm that you can put on the tissues inside the lips and inside the vagina. It's just really, really soothing. Again, you've got to use these things regularly. It will take a good two months at least to see the full effect, so it doesn't work right away. Just like with the guys where they've got to be patient with the nerves, we have to be persistent and patient with things that can work. A vaginal moisturizer is really helpful. A lubricant for sexual activity. There are over-the-counter and prescription medications that can help with arousal and orgasm. There are two approved medications for the treatment of low libido in premenopausal women. One is Addi, which is a pill that you take every day, also known as the pink pill. Another treatment is Vilece, which is an injection. It comes in a pen, so you never see the needle and really don't feel the needle. You give it to yourself about 45 minutes to an hour before sexual activity. Both of these medications are working on the brain chemistry because the brain is the biggest sex organ in the body. It's the most important sex organ. It works on the brain chemistry and improving the dopamine and norepinephrine and the good sex positive hormones. Like I said, it's only approved for premenopausal women, but many of us do prescribe it for postmenopausal women. We have studies to show that it's safe and it's effective. The drug companies didn't go through with all the rigmarole they had to do to get the FDA-approved indication for that. We've got all kinds of tricks up our sleeve. Laura Dugger: (31:16 - 31:26) Absolutely. Just piggybacking on that, they wouldn't oftentimes follow through on all those studies, would you say primarily because of financial restraints? Dr. Kris Christiansen: (31:27 - 31:41) Totally. To get a medication approved for female sexual function, it's multi-million, if not a billion dollars. Studies and everything that needs to be done, it's crazy. That's why these meds are so expensive. Laura Dugger: (31:42 - 32:14) Then you also mentioned earlier bringing in the quality of life. There are so many options to consider, but such a personal basis. I had another question that arose. You kind of were answering that because this one works with the brain chemistry. I'm thinking the body parts may be functioning and you can do different things to have an erection or be aroused with your genitalia, but how is desire affected with cancer? Dr. Kris Christiansen: (32:16 - 35:03) It's huge, unfortunately. Again, if we go back to that biopsychosocial model and for everything to work well, everything's got to be working well. If we have pain, of course that drives down desire. We use the analogy of putting your hand on a hot stove. Pain with sex can hurt just as badly as that. I have women tell me it's 10 out of 10 pain feels like shards of glass. Obviously, that's not pleasant. If we compare that to putting your hand on a hot stove, why in the world would you want to do that? We've got to take care of the pain. When it comes to pain, it becomes imprinted in the brain and the body responds by just amplifying that pain. You've got more pain and you have less desire. Part of GSM or surgery or chemotherapy and other treatments, radiation, can affect the nerves. We don't get those positive sensations and the arousal anymore. There's arousal in the brain as well as arousal in the genital area. If we're not getting that positive feedback that this just isn't fun anymore, it's hard to get enthused about engaging in that. Sex therapy can be really helpful. Sex therapy isn't going to fix thin tissues, but a sex therapist is very skilled and trained at working with people and working with couples on trying to process this, working through the process and the changes that are happening. Sometimes it is a permanent change in sexual function, so there's grief involved. Helping to process through some of that is really important. But again, if we take a step back and remember that sexual intimacy is more than just PIV sex, that there are all kinds of ways to be able to give and receive pleasure, as long as each person is comfortable with this. And moving beyond the thinking that, well, if I can't have intercourse, I'm not going to have anything at all, then that may mean you might not have anything at all for the rest of your life. That makes me sad. We just have to take a step back, work through some of this, because it's a journey, it's a cancer journey, it's an aging journey, and try to make the most of it. Laura Dugger: (35:04 - 36:32) I want to make sure that you're up to date with our latest news. We have a new website. You can visit thesavvysauce.com and see all of the latest updates. You may remember Francie Hinrichsen from episode 132, where we talked about pursuing our God-given dreams. She is the amazing businesswoman who has carefully designed a brand-new website for Savvy Sauce Charities, and we are thrilled with the final product. So, I hope you check it out. There you're going to find all of our podcasts, now with show notes and transcriptions listed, a scrapbook of various previous guests, and an easy place to join our email list to receive monthly encouragement and questions to ask your loved ones so that you can have your own practical chats for intentional living. You will also be able to access our donation button or our mailing address for sending checks that are tax deductible so that you can support the work of Savvy Sauce Charities and help us continue to reach the nations with the good news of Jesus Christ. So, make sure you visit thesavvysauce.com. What are some of those examples for someone if they can't have PIV sex anymore? What are ways that you encourage continuing to build intimacy and a knowing of one another and offering and receiving pleasure? Dr. Kris Christiansen: (36:34 - 41:17) Well, starting with making sure each person is on the same page as far as what they're comfortable with. Okay? Communication is key. To be able to talk about what you want, what you desire, what your needs are, and listening to your partner say that same thing, trying to make no judgments and not forcing anybody into anything, but just so that we can help understand each other. And when it comes to actual giving and receiving pleasure, whether that's with manual stimulation, with your hands, with your fingers, or if you have a massager, oral stimulation, using a vibrator. And a vibrator can be really helpful for women in menopause, women dealing with cancer treatments, and also for men if they need a little extra help with the stimulation because their nerves aren't working so well. A vibrator, using it together in the context of giving and receiving pleasure can help, just help with the response, help with the enjoyment, and make it a little more fun, as long as everybody's okay with that. Using a lubricant is really important. And a good lubricant, you want to use a good lubricant because some of the more common ones, unfortunately, have ingredients in them that can actually hurt or irritate. And like KY and Astroglide, sorry to name names here, but they're basic water-based lubricants, have either glycerin, parabens, or propylene glycol in them, and those can irritate, so we want to try to avoid those. A silicone-based lubricant doesn't have those preservatives, and it stays slippery longer. Where we have to be careful with that is that if you're using a silicone tool, otherwise known as a vibrator, you don't want to use those together because it can ruin the tool. And if the man is struggling with ED, using too much, especially of a silicone lubricant, can make it too slippery. And too slippery is not so good for him. Oil-based lubricants, they're very nice, except if you're using condoms, it will degrade the condom and create other problems, potentially. Other ways to stimulate, manually, orally, and when women have pain with intercourse, I'm going to bring in another show-and-tell here, the pain is often coming from the vulva, not so much in the vagina. We talk about vaginal dryness and vaginal atrophy, but the part that's most sensitive is often just right inside the little lips here. And so, if we have terrible pain with penetration, we want to avoid that. However, the whole surrounding vulvar area is very rich in nerves, can be very much stimulated, and it can feel really good, however each person is comfortable stimulating that area. And another fun fact is that this entire structure is the clitoris. You know, when we think of the clitoris, we think of the glands, this tiny little magic button right here, which, by the way, has 10,000 nerve endings in it. It's incredible. But the legs, the legs are the cruise of the clitoris, as well as the bulbs. They come down on either side of the vagina. So, the vagina is here. However, this part of the clitoris can easily be stimulated, so the legs of the clitoris can be easily stimulated, just inside the labia majora, or the outer lips. So, using a vibrator here can be really pleasurable, and you're avoiding the part that hurts. So, stimulating externally the clitoris, the labia, and wherever else feels good can be very fun. And so, if you try to approach it may be like a game, making it fun and exploring each other's bodies so that you can really figure out ways to make the other person feel good or experience pleasure without causing pain. Laura Dugger: (41:18 - 41:43) That's so great. And like you had mentioned, if they go see a Christian sex therapist, they would say the same thing as you to stop when there is pain, because it just makes it worse over time. And so, I love that you've given us other options, if that is the case. Is there ever a time where orgasm is no longer possible after cancer? Dr. Kris Christiansen: (41:46 - 43:14) It's possible. Yes. Depending on the cancer and the treatment, that it can make it really difficult or even impossible to get there. But that's where we want to not focus on orgasm as the ultimate goal, because if we engage in sexual activity with orgasm as the ultimate goal, your brain's not going to let you go there, whether it's the male or the female, either one, the brain is the biggest sex organ in the body. Just trying to go for the gold just won't let you get there. So, you have to relax and enjoy the journey regardless. So even if the cancer or the treatment didn't necessarily affect orgasm or if it's just our brains, my encouragement is to approach a sexual encounter as an experience. Enjoy the experience. It's not a performance. We don't want to perform because then we get in our head, and we get nervous and our muscles all tighten up. So, we don't want to perform. We want to enjoy the experience, and it can be very pleasurable. Even if orgasm isn't part of the picture anymore, it doesn't mean you can't have fun and can't connect because you can. Laura Dugger: (43:15 - 43:25) But then I guess also to offer the hope, if I ask it a different way, are there times that orgasm is still possible after a cancer diagnosis? Dr. Kris Christiansen: (43:27 - 44:01) Absolutely. We always have hope. We always have hope. Just because you're diagnosed with cancer doesn't mean you're not going to be able to engage in PIV sex or be able to experience an orgasm because that's always a possibility. Don't focus on just getting to the big orgasm. You want to slow down, enjoy the journey, and oftentimes it will come. There are medications that help with blood flow, that help with arousal and orgasm, and sometimes they can be helpful. Sometimes they're not, but usually it doesn't hurt to try them. Laura Dugger: (44:02 - 44:26) There you go. That's a very helpful reminder. It's a piece of the puzzle, not the whole thing. But if someone right now is walking through their own cancer journey, what else would you advise them both to do and to avoid doing so that they can still enjoy the healthiest sex life possible with their spouse? Dr. Kris Christiansen: (44:29 - 47:19) That's going to involve several pieces. One, first and foremost, maintain the communication about wants and desires, what hurts, what doesn't, what can we do, what do you want to try tonight? Maintaining the communication. It's much better to prevent problems like the vaginal dryness and pain than to try to treat it after you've been dealing with it for years sometimes, or even months. If you have, say, breast cancer, just getting in the habit of using one of those vaginal moisturizers from the get-go even before the dryness starts can help prevent problems. Seeing a pelvic floor physical therapist can be really, really helpful. A pelvic floor physical therapist is a physical therapist who specializes in these pelvic floor muscles that help support everything on the inside. And so if these muscles are too tight, causes pain, and if they're already too tight, doing tangles is the last thing that you want to do, because sometimes it means being able to relax them. Or women who have, who need pelvic radiation, say for uterine cancer, the gynecologic oncologist is usually really good about giving you a vaginal dilator and to use it, but they're not always really good at telling you exactly how to use it, how frequently and how long, so be sure and ask. Because again, we want to maintain the integrity of the tissues, because it's better to maintain them than try to get it back. That's often quite hard. For guys, especially with prostate cancer, it means participating in that, we call it penile rehabilitation. So, it's basically physical therapy for the penis. You know, its muscle, so we want to keep that muscle healthy and to help maintain healthy tissues. And just trying to be as good to ourselves as we can, giving ourselves and our partners grace when we need it, because it's a journey and it's not an easy one. But we believe in a big God and he's there to help us through this and he delights when husband and wife can unite as one, whatever that looks like. And it makes him happy and he's there to try to keep this going for us. Laura Dugger: (47:21 - 47:40) And you may have already answered this question with that, but I love how you're always encouraging and gentle and full of hope. So, any other hope that you want to share with anyone who's battled cancer or is in the midst of their journey, but they're still desiring to connect intimately with their spouse? Dr. Kris Christiansen: (47:47 - 48:33) Sometimes it means asking for help. So, for finding a provider, whether that's a therapist, a gynecologist, a sexual medicine provider, or even your pastor counselor to help you through this. In the show notes, we'll put in websites where you can find a provider because not everybody is educated. Hardly anybody's educated on this, unfortunately. But there are people out there throughout the country, throughout the world, where you can find to help guide you on this journey. Don't suffer in silence. We're here to help. So be sure to reach out so we can help you. Laura Dugger: (48:33 - 48:50) That's so good, Dr. Christiansen. And are there any other proactive measures that all of us can take to set us up for a healthy sex life into aging or any diagnoses that we may get in the future? Dr. Kris Christiansen: (48:53 - 50:38) Well, treating our body like a temple, like God says. We have to take good care of ourselves. And just in general, going for your preventative visits and checking your cholesterol and your blood sugar and your blood pressure and screening for cancer so we can prevent them or catch them really early. And it's so much easier to treat. But things like smoking and diabetes and being overweight and high blood pressure, high cholesterol, they impact sexual function very negatively, especially smoking. Guys are still surprised when I tell them, or I show them a picture of a cigarette with ashes that are kind of wilting off the end. This is your penis. This is what happens with smoking. Okay. So quitting smoking. And in women, we have those same little blood vessels and nerves that men do. And so not taking care of ourselves as far as weight, exercise and diabetes and all that stuff, that affects our sexual function, too. So just making sure that we take a proactive stance on just taking really good care of our medical and our mental health because that's so important. And our spiritual health. Can't forget that, too. Yeah. Just, you know, taking care of ourselves because aging does impact sexual function. As we get older, our endurance isn't quite what it used to be. Certainly not as flexible as we used to be. Things kind of hurt. Achy joints and whatever. So, the more we can take care of ourselves, the more we can enjoy that sexual intimacy, which does involve a little bit of physical exertion. Laura Dugger: (50:39 - 51:03) Absolutely. Well, you've shared a lot of places where we can go to seek help. But I would love to know where we can continue to learn from you or a website where people can find out more of your offerings because you mentioned not many people are educated in this field or on this topic, but you are a great resource. So where would you direct all of us after this chat? Dr. Kris Christiansen: (51:05 - 52:23) Well, I started my own business called Intimate Focus, Intimate-Focus.com. Where my goal is to offer education and quality products that people can use to help equip them and enhance sexual intimacy. As part of my clinical career where I see patients, we'd often talk about using a good lubricant or getting a vibrator to help with those nerves that just aren't quite as effective anymore. And so many times they told me they were just not comfortable going to an adult store or they didn't want to purchase them on Amazon because it could be a shared account and kids or whatever may see what they're ordering. So, this is a private and secure site and I don't even know how to sell your email so don't worry, that's not going to happen. Where you can purchase good quality products, I vet them out myself to make sure that they don't contain the ingredients that I encourage women to avoid and no pictures with nudity or anything like that because I want it to be a comfortable space or at least as comfortable as we can make it for everybody. Laura Dugger: (52:24 - 52:43) Wonderful. Well, I'll certainly link that in the show notes as well. And Dr. Christiansen, you are already a friend of The Savvy Sauce, so you know that we're called The Savvy Sauce because savvy is synonymous with practical knowledge. And so, as my final question for you today, what is your Savvy Sauce? Dr. Kris Christiansen: (52:46 - 53:15) Well, you know, James in the Bible is a very practical kind of guy and I love his advice that we should all be quick to listen, slow to speak and slow to become angry. And if we were all able to do that or at least just a little more of that, I think our world would be a much better place to live. Laura Dugger: (53:16 - 53:42) This is so good. I cannot hear that verse enough and I just truly look so forward to the times that I get to spend with you. You are such a calming presence full of wisdom. That's what we prayed for before we had the recording begin for today. And I am just overflowing with gratitude. So, thank you, Dr. Christiansen, for all that you've shared. Thank you so much for being my returning guest. Dr. Kris Christiansen: (53:43 - 53:48) Well, thank you, Laura. This has been great. It's an honor to be on your show. Laura Dugger: (53:50 - 57:32) One more thing before you go. Have you heard the term gospel before? It simply means good news. And I want to share the best news with you. But it starts with the bad news. Every single one of us were born sinners, but Christ desires to rescue us from our sin, which is something we cannot do for ourselves. This means there is absolutely no chance we can make it to heaven on our own. So, for you and for me, it means we deserve death and we can never pay back the sacrifice we owe to be saved. We need a savior. But God loved us so much, he made a way for his only son to willingly die in our place as the perfect substitute. This gives us hope of life forever in right relationship with him. That is good news. Jesus lived the perfect life we could never live and died in our place for our sin. This was God's plan to make a way to reconcile with us so that God can look at us and see Jesus. We can be covered and justified through the work Jesus finished if we choose to receive what He has done for us. Romans 10:9 says, “That if you confess with your mouth Jesus is Lord and believe in your heart that God raised him from the dead, you will be saved.” So, would you pray with me now? Heavenly Father, thank you for sending Jesus to take our place. I pray someone today right now is touched and chooses to turn their life over to you. Will you clearly guide them and help them take their next step in faith to declare you as Lord of their life? We trust you to work and change lives now for eternity. In Jesus' name we pray. Amen. If you prayed that prayer, you are declaring him for me, so me for him. You get the opportunity to live your life for him. And at this podcast, we're called The Savvy Sauce for a reason. We want to give you practical tools to implement the knowledge you have learned. So, you ready to get started? First, tell someone. Say it out loud. Get a Bible. The first day I made this decision, my parents took me to Barnes & Noble and let me choose my own Bible. I selected the Quest NIV Bible and I love it. You can start by reading the book of John. Also, get connected locally, which just means tell someone who's a part of a church in your community that you made a decision to follow Christ. I'm assuming they will be thrilled to talk with you about further steps, such as going to church and getting connected to other believers to encourage you. We want to celebrate with you too, so feel free to leave a comment for us here if you did make a decision to follow Christ. We also have show notes included where you can read scripture that describes this process. And finally, be encouraged. Luke 15:10 says, “In the same way I tell you, there is rejoicing in the presence of the angels of God over one sinner who repents.” The heavens are praising with you for your decision today. And if you've already received this good news, I pray you have someone to share it with. You are loved and I look forward to meeting you here next time.
Whitney Elkins-Hutten of PassiveInvesting.com interviews Chase Murphy, a seasoned real estate developer and home builder with 15 years of experience in the multifamily space. They delve into Chase's recent acquisition of a 14-unit duplex property on St. Joe Road in Sellersburg, Indiana, discussing the creative equity swap deal that made it possible after a decade of relationship building. Chase shares insights on securing lending through a local credit union, his due diligence process, and his unique exit strategy involving potential lot splitting and individual sales. Tune in to learn how to leverage equity, nurture long-term relationships, and identify hidden value in multifamily deals.
Mark Loeffler is a successful realtor, triathlete, and seasoned real estate investor with properties across the Golden Horseshoe. Inspired by Rich Dad Poor Dad, he began his journey in Newmarket and scaled from single-family homes to apartment buildings in markets like Hamilton. His discipline, both in athletics and investing, has been key to building lasting wealth through real estate. On this episode we discuss: How He Kicked Off His Real Estate Investments from Newmarket to Hamilton Rich Dad Poor Dad's influence on Mark The Mindset of a Triathelte Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” Subscribe and review today! Instagram Youtube Spotify Apple Podcasts
Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com Welcome to today's podcast. Today and tomorrow, we're diving deep into one of the most exciting and lucrative opportunities for real estate agents: New Construction. Here's why this matters: More than 30% of homes currently available for sale are new builds—and that number is climbing daily. If you're not plugged into this space, you're missing out on commissions, listings, buyers, and long-term relationships with builders and developers. PART ONE: Understanding New Construction What is New Construction? Let's break down the types of new homes you'll encounter: Traditional New Construction: Single-family home neighborhoods, often in suburban areas or master-planned communities. Townhomes, Duplexes, Patio Homes, and Zero Lot Line Properties: Great options for entry-level buyers or downsizers. HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/
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Target Market Insights: Multifamily Real Estate Marketing Tips
Thomas McPherson is a real estate entrepreneur and U.S. Navy veteran with extensive experience in multifamily investing, distressed assets, and sustainable development. After serving in the Navy and Marine Corps, he transitioned into real estate, excelling as a broker before becoming a principal investor. He now focuses on ground-up development and private debt funding, creating high-performance, sustainable communities. Get ready for REWBCON 2025, happening from April 10th to 12th! Use my code JOHN at checkout for 10% off your ticket. Key Takeaways: Transitioning into real estate can be smoother by keeping expenses low and working within the industry. High-quality assets tend to perform better during economic uncertainty compared to lower-class properties. Distressed debt offers opportunities to work with borrowers and lenders to find creative solutions. Sustainable development aligns with market demand, leading to higher rents, occupancy, and tenant retention. Small, intentional efforts in property management and development can create a sense of community and increase property value. Topics: Transitioning from the Military to Real Estate Thomas's journey from the Navy to real estate brokerage and later becoming an investor. The importance of controlling expenses and finding industry-related jobs to gain experience. Investing in Distressed Assets and Debt Definition of distressed debt and how Thomas approaches these opportunities. Strategies for working with borrowers to resolve financial challenges. The importance of over-communicating with lenders and investors when facing financial distress. Sustainable Development and Community Building How Thomas incorporates sustainability into his developments, including solar energy and water conservation. The concept of value graphics over demographics—attracting tenants based on shared values. The financial benefits of sustainability, including higher retention, occupancy, and rents. Lessons in Investing and Risk Management Thomas's experience with leverage and risk early in his investing career. The importance of controlling investments rather than relying on external factors.
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In this episode, we dive into a shifting trend in the property development world—single-story duplexes and dual occupancy developments. Maria Laverde, lead designer at Duplex Building Design, joins us to unpack the demand for single-level living, especially among downsizers and those seeking accessible, low-maintenance homes.Maria explores the factors making single-story designs so attractive in today's market, from construction cost savings to the flexibility for regional and coastal development. She shares insights into how developers can navigate design challenges in single-story layouts and adapt to evolving buyer preferences.If you're looking to stay ahead in property development or want to explore profitable alternatives to traditional multi-story builds, this episode is packed with valuable insights.Topics: ✅ The Growing Demand for Single-Story Duplexes ✅ Adapting Designs for Accessibility and Downsizing ✅ Construction Cost-Savings vs. Profit Margins ✅ Design Challenges in Single-Story Layouts ✅ Dual Feasibility Analyses for Single vs. Multi-Story Builds ✅ Maximising Privacy and Circulation in Narrower Plans ✅ Opportunities in Regional and Coastal Markets ✅ Addressing Ageing Populations in Design Choices Hosted on Acast. See acast.com/privacy for more information.
Are single-family homes and duplexes the overlooked gems of real estate investing? Join us as host Attorney Kim Lisa Taylor interviews a seasoned real estate expert who shares the secrets to profiting from these smaller properties that many investors ignore. Whether you're a new investor or a seasoned pro, this episode will offer actionable insights and expert advice on how to turn modest investments into significant returns. GSP Real Estate Investments and Fund Structures (00:16:17)Peter Neill discusses his company, GSP Real Estate Investments, and its two main funds: the income fund and the growth fund. The income fund offers fixed returns for 9 months to 5 years, while the growth fund provides preferred returns with profit sharing. Both funds focus on workforce-affordable single-family homes and duplexes, typically buying distressed properties in Baltimore and Philadelphia.Investment Strategy and Market Focus (00:07:49)Peter explains their investment strategy: buying severely distressed properties at low prices, renovating them, and holding them for the long term. He emphasizes the benefits of workforce affordable housing, including high demand and supply constraints. Peter also discusses their buy-and-hold approach and the potential for institutional exits in the future.Financing Strategies and Portfolio Management (00:11:40)Peter Neill details their financing strategies, including using portfolio loans and lines of credit. He explains their 'buy, rehab, rent, refinance, repeat' (BRRR) strategy and the benefits of long-term, fixed-rate debt. Peter also discusses how they manage investor exits and capital deployment. Team Dynamics and Partnership Success (00:12:11)Peter shares insights on building and managing a successful team. He highlights the importance of complementary skills among partners and staying in one's lane while understanding the overall business. Peter emphasizes the value of having in-house construction and property management capabilities. Advantages of Single-Family Investments (00:17:16)Peter Neill explains why they favor single-family homes and duplexes over larger multifamily properties. He cites their ability to execute effectively in this space, the supply-demand dynamics, and the lack of institutional competition in workforce affordable housing as key advantages. Branding and Company Values (00:54:54)Peter discusses the significance of their company name, GSP (German Short Hair Pointer), and how it reflects their values and approach to business. He explains how the characteristics of the dog breed embody their brand, including loyalty, focus, and high energy. Future Trends and AI in Real Estate (00:59:19)The conversation touches on future trends in real estate investing. Peter mentions the potential of AI to improve efficiency, particularly in areas like property management and investment analysis. He also discusses the importance of staying focused on core competencies while being open to new opportunities as the company grows.
STWS Ep109: P2 - Join our podcast community - The Wealth Exchange Network! https://www.skool.com/the-wealth-exchange-network-9182/about In this episode, we're excited to welcome back Tiffany Ward as she takes us through her journey—from early childhood money lessons to becoming a thriving real estate investor.
Join real estate veteran Arn Cadella, co-founder of Spark Investment Group, as he shares his 46 years of real estate investing experience. In this insightful interview, Arn dives into his current favorite asset class—build-to-rent duplex communities—and explains why they've become a top investment choice amidst today's challenging market conditions. Discover how Arn and his team strategically partner with small builders, acquiring new duplexes without the hassle of land development or construction loans. Arn also explains the benefits of buying new construction, such as reduced operating expenses and the appeal of modern homes for renters. With real estate markets shifting and high interest rates impacting multifamily transactions, Arn offers a smart alternative approach to investing. From detailed insights on his investment strategy to his long-term plans for refinancing and exit options, this video is packed with valuable information for both new and seasoned real estate investors. Highlights: Why build-to-rent duplexes are thriving in 2024 How partnering with builders allows for seamless acquisitions Key advantages of investing in new construction properties Long-term strategies for holding, refinancing, and exiting these investments
STWS Ep 108: P1 - Join our podcast community - The Wealth Exchange Network! https://www.skool.com/the-wealth-exchange-network-9182/about In this episode of the Share the Wealth Show, join us as Tiffany Ward reveals why duplexes are outperforming multifamily syndications when it comes to cash flow. Tiffany shares how she strategically balances her W-2 job with real estate investing and explains the power of duplexes for consistent monthly income. Here's what you'll learn:
We have a college instructor on this week's show! Brian Gordon is an old friend of mine from years ago, he works full time for the largest appraisal company in Canada, if not North America in Management. Prior to that he worked as a Senior Property Tax Analyst for one of Canada's largest REITs, if not the biggest. Linkedin: https://www.linkedin.com/in/brigor/ Brian has been methodically growing his own real estate portfolio over 7 years consisting of duplexes, a AirBnb in Blue Mountain, more recently an 11 plex development where he's adding two additional units. As mentioned Brian is the course creator and instructor of “Real Estate Investment Strategies” at George Brown College, a comprehensive, yet affordable course which is one of the big reasons why I wanted him on the show. Real estate investing is largely about return on investment and that includes one's education. This course is only $392.24 for 20 hours including private 1 on 1 consultation time with Brian. What an absolute steal. Link: https://coned.georgebrown.ca/courses-and-programs/real-estate-investment-strategies-online Needless to say, I thoroughly enjoyed recording this episode for you all to learn Brian's tips and tricks so we may all improve our own businesses and you'll want to hear about where Brian's next investments will be and his views on Canadian opportunities. Please enjoy the show! Follow Brian on Instagram: https://www.instagram.com/acquiring_wisdom/
We have my friends returning to the show, Marty and Amanda who've been renovating and investing for nearly 20 years, Amanda Bouck has managed properties for nearly 20 years, Marty her husband is a carpenter by trade and personally much of their 15+ duplex conversions in Guelph. They are a power couple: they get numbers, execution, cash flow and hate vacancy. They drank the same Kool Aid I did. They're reward is a country acreage and building the custom home of their dreams they're too humble to talk about with all the gurus out there flaunting Rolex watches, Lamborghinis, private jets and yachts. Amanda & Marty scaled up as well in small multis likes six plexes, small apartment buildings to their current project, both a REIT: real estate investment trust called Legend Real Estate Trust and a 60 unit building in Waterloo. Amanda and Marty are here today to share their experience including coaching, retiring from coaching for possibly the biggest real estate education company in Canada. As always, we share both the negative and positive of real estate investing including all the losses going on in the community, over leverage with expensive hard money loans and their own investment philosophies where none of their investors have lost any money. The honest truth about real estate investing is, speculative investments can work until they don't and also I don't endorse any product or offering of Marty and Amanda nor do I receive any compensation from Marty and Amanda nor from their businesses. This episode is for educational and entertainment purposes only. Please do your own due diligence. If you read the article about Robby Clark, you see how some of the property used to secure financing had fires and were torn down by the city. If any lender, broker, investor had simply driven by the property, they would have known the deal was no good. For my house in San Antonio, Texas I have a termite inspection, home inspection including pictures and video walkthrough, a quote from the property manager for renovations and maintenance. My cousin is in San Antonio next week for work and doing a drive by. Diligence people, trust but VERIFY. That goes for all guests of this show. I do my best hence Epic Alliance and Robby Clark never made it on this show or any of my platforms. I learnt my lesson from Paramount Equity. Back to this week's guests, Amanda and Marty, just to note, they have been censored on other platforms and Facebook groups for trying to warn people about gurus losing other people's money. They going to offend some so be warned. Links: www.LegendRealEstateTrust.ca Amanda@Legendinvestments.ca Marty@Legendinvestments.ca Please enjoy the show!
On September 11th in Fort Worth, Texas, the 10th annual Race For the Future (https://dentallabfoundation.org/news-events/race-for-the-future/) will take place to raise money for the Foundation For Dental Laboratory Technology (https://dentallabfoundation.org/). Barb is doing her 9th solo race and Elvis is teaming up with Mark Williamson and Bobby Kenney to form The Abutments. Go to dentallabfoundation.org and click on the DONATE TODAY button. There you need to log in or create an account. Then select “Race for the Future” and enter the name of either Barb Warner or the Abutments, then the amount you want to donate. Join the Race: https://fdlt.memberclicks.net/donor-form DONATE TODAY: https://fortworth.californiatriathlon.org/Race/Register/?raceId=99407 We are starting off the collection of conversations from the Florida Dental Laboratory Association Symposium in Orlando, Florida. Last June the AMAZING people at Jensen Dental (https://jensendental.com/)gave us space in their fantastic booth to record some of the attendees. First up is Enja Dorchuluun from Sakr Dental Studios. Enja talks about her history at Sakr, how they are using automation in the lab, and getting ready to move the lab from 5 buildings to one. Since we were in the Jensen Dental (https://jensendental.com/) booth, we had to talk to the technician known for his amazing work with MIYO (https://miyoworld.com/), Bart Cothran. Bart chats with us about his journey into dental, owning his own lab, teaching MIYO to others, and some great tips for this amazing liquid ceramics. Then we wrap up the episode with a technician full of so much passion to giving back, he's going through the board of the FDLA for the second time. Fernando DeLeon was in dental school in Guatemala when he decided being a dental technician might be a better fit. Fernando talks about his passion for changing a life, his passion for giving back, and his passion on doing the best he can for his patients. Introducing Ivotion Digital Dentures (https://www.ivoclar.com/en_us/products/digital-processes/ivotion) from Ivoclar (https://www.ivoclar.com/en_us) – Experience unparalleled precision and efficiency with Ivoclar‘s state-of-the-art digital denture workflow. Ivotion is available in their patent pending monolithic disc that combines denture base and tooth materials in one seamless puck. Or if you lab needs more flexibility, Ivotion is also available as stand-alone discs - Ivotion Base, Dent and Dent Multi all in 98mm width to fit your favorite milling machine. With Ivotion you can streamline your lab's processes, reduce production time, and enhance patient satisfaction. Elevate your lab's capabilities with Ivotion Digital Dentures – where innovation meets perfection. Discover the future of dentures today with Ivoclar." Thanks for your continued support of the podcast Ivoclar. Join the GOLDEN BENCH CLUB! All you have to do is leave us a 5-star review and comment on the Apple Podcast app (or any other app and email us a screen shot) and we will read your review on the podcast and welcome you to the Golden Bench Club. This super elite club is only for the best of the best. Special Guests: Bart Cothran, Enja Dorjchuluun, and Fernando DeLeon.
John Wei, a California investor, started with a duplex in Atlanta and now focuses on value-add deals in Dallas. He emphasizes buying right, shares lessons learned, and highlights the importance of good partners and strong industry relationships. John Wei | Real Estate Background Astutequity Holdings, LLC. Portfolio Approximately 700 units, actively managing 450 units Based in: Dallas Fort Worth Texas Say hi to him at: www.astutequity.com Sponsors: Viking Capital Apartments.com
CTL Script/ Top Stories of July 16th Publish Date: July 16th From the Ingles Studio Welcome to the Award-Winning Cherokee Tribune Ledger Podcast Today is Tuesday, July 16th and Happy 57th Birthday to actor Will Ferrell. ***07.16.24 – BIRTHDAY – WILL FERRELL*** I'm Keith Ippolito and here are the stories Cherokee is talking about, presented by Credit Union of Georgia. City Approves Four Duplexes in Canton's Riverstone Area Canton Author Publishes New Novel Food Truck Alley Nights Coming to Holly Springs Train Depot Plus, Bruce Jenkins sits down with Leah McGrath from Ingles Markets on seedless watermelons. We'll have all this and more coming up on the Cherokee Tribune-Ledger Podcast, and if you're looking for Community news, we encourage you to listen and subscribe! Commercial: CU of GA STORY 1: City Approves Four Duplexes in Canton's Riverstone Area The Canton City Council has approved a request to allow residential development in the Riverstone area, specifically permitting four duplexes, totaling eight homes, on 0.89 acres at the intersection of Cross Street and Center Street. This change was requested by Jesse Gunnin for JRG1, LLC. The site, previously planned for commercial use, is unsuitable due to its size, shape, and proximity to a residential street. The council also approved adjustments to reduce buffer requirements, opting for an eight-foot screening fence instead. The decision follows a public hearing where no residents voiced opposition to the proposal. STORY 2: Canton Author Publishes New Novel C.S. McKinney, Canton author, has recently launched his latest novel titled "Four-Thirty Girl," which combines romance and mystery genres. Released on July 15, this marks McKinney's fourth novel and sixth publication. The story revolves around Joshua Gladstin, who manages Beehives Bookstore while his colleague, Ms. Debbie, falls ill. As Joshua delves into the mysterious "Four-Thirty Girl" and Ms. Debbie's enigmatic life, he confronts unexpected truths. The novel will soon debut as McKinney's first audiobook, narrated by the author himself. McKinney will also host book signings at various dates and locations, including Jax Coffee Company on July 20, Barrel House Coffee Co. on August 10, and Lazy Labrador Coffee House on August 17. For more details or to secure a signed copy, visit www.csmckinney.com. STORY 3: Food Truck Alley Nights Coming to Holly Springs Train Depot Starting July 18, Holly Springs Town Center will host Food Truck Alley Nights at the historic Holly Springs Train Depot on 164 Hickory Road. These events will run from 5 to 8 p.m. on July 18, Aug. 15, Sept. 19, and Oct. 17. The debut event will feature Smash Hit Burgers offering burgers, fries, tots, and gourmet milkshakes, Choate BBQ serving barbecue dishes, and Joe's Lonestar Tacos offering Tex-Mex street tacos and nachos. Live music by local artist Jason Bowen will accompany the food offerings. Limited seating is available, and guests are encouraged to bring blankets or camping chairs. We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info. Back in a moment Break: DRAKE STORY 4: Red Sox Select Woodstock Alum Blake Aita in MLB Draft Blake Aita, a former pitcher from Woodstock High School, was selected by the Boston Red Sox in the sixth round (No. 177 overall) of the MLB draft. Aita, standing at 6-foot-4, played college baseball at Kennesaw State, where he maintained a 3.90 ERA with 84 strikeouts over 85 1/3 innings. His selection continues a streak of at least one Kennesaw State player being drafted in each of the last 16 full drafts. Aita follows fellow Woodstock alum Brennan Milone, drafted in 2022, and joins Caleb Bartolero, a 2023 undrafted free agent. Known for his competitive spirit and pitching versatility, Aita was recognized as the 2021 Cherokee County Pitcher of the Year and achieved notable feats like pitching a no-hitter in a crucial game for Woodstock. STORY 5: Nonprofit Looks to Provide Temporary Housing For Cherokee's Homeless Vets Jim Lindenmayer, director of the Cherokee County Homeless Veterans program, aims to address the crisis facing veterans in Georgia, including Cherokee County, where he believes government housing programs have failed. His program is renovating a building at 111 Faye Drive near Canton into a veterans' campus, providing temporary housing, food, training, counseling, and administrative services. This initiative follows Lindenmayer's frustration with federal programs like HUD VASH and SSVF, which he says offer inadequate support in Cherokee County. The program, funded through corporate donations and grants, has aided over 2,000 veterans, including those like Syphonique Robinson and Brian Clauson, who have found stability and support through Lindenmayer's efforts. Commercial: HELLER 3 – INGLES 1 And now here is Leah McGrath on seedless watermelons. ***LEAH INTERVIEW*** We'll have closing comments after this. COMMERCIAL: GA OUTDOOR NEWS SIGN OFF – Thanks again for hanging out with us on today's Cherokee Tribune Ledger Podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, or the Community Podcast for Rockdale Newton and Morgan Counties. Read more about all our stories and get other great content at tribuneledgernews.com Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts. Produced by the BG Podcast Network Show Sponsors: ingles-markets.com drakerealty.com cuofga.org jeffhellerlaw.com #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversationsSee omnystudio.com/listener for privacy information.
Nick Van Dyk is a real estate investor based out of Brantford, Ontario. He attended school in Hamilton, Ontario for civil engineering and later on started investing in local real estate. As of a few year ago, Nick cross-borders and began looking into the US market for investment opportunities. On this episode, we discuss: Starting off investing in single family homes, duplexes, and triplexes Exploring commercial real estate in Texas Experience with short term rentals in Florida Investing in the US market as a Canadian You can reach out to Nick by visiting https://www.nickvandyk.ca/ Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram
Not long ago selling a two-unit home could be a bit of a chore. But with the rising cost of home ownership, that's changed. We'll check in with Saint John real estate agent Jake Palmer.
Welcome to today's episode of Multifamily Live, where we dive deep into the world of passive real estate investing, with a special focus on apartment buildings and an intriguing pivot to industrial real estate. Today, we're thrilled to have Brock Mogensen with us, a seasoned investor who's managed to navigate his way through the complexities of real estate to manage over $30 million in assets. Join us as Brock shares his journey, insights, and strategic shifts in his investment focus.Main Themes:Brock's Real Estate Journey: From purchasing his first duplex to handling a portfolio worth millions, Brock walks us through his path, including the leap into syndication and the challenges faced during his first deal.The Art of Syndication: Discover the intricacies of syndication in real estate investing, including the hurdles Brock overcame and the lessons learned from his initial challenges.Due Diligence and Operational Insights: Understand the importance of meticulous due diligence and operational expertise, especially when dealing with Class C properties. Brock shares how his team successfully improved and sold a property by enhancing its value and increasing rents.Shift to Industrial Real Estate: Learn why Brock has now shifted his focus towards industrial real estate, specifically class B industrial properties in Southeastern Wisconsin. He discusses the appealing returns, favorable market conditions, and why this niche is a goldmine for investors.The Industrial Real Estate Advantage: Brock highlights the advantages of investing in industrial properties, ranging from 20,000 to 150,000 square feet, used for light distribution, manufacturing, and storage. The episode delves into the benefits of a sticky tenant base, the strategic importance of location for truck access, and the art of negotiating expenses between landlords and tenants.Underwriting Tenants and Due Diligence in Leasing: Gain insights into the rigorous process of underwriting tenants and the comprehensive due diligence required in the leasing phase of industrial real estate. Brock emphasizes the necessity of a thorough approach to ensure success and minimize risks in investments.Conclusion: Brock Mogensen's journey from starting with a modest duplex to mastering the complexities of real estate syndication and then pivoting towards the lucrative niche of industrial real estate in Southeastern Wisconsin is not just inspiring but also packed with valuable lessons for both novice and experienced investors. His emphasis on due diligence, understanding market dynamics, and the strategic operational insights offers a roadmap to success in the diverse world of real estate investment.Call to Action: For more insights into real estate investing and to hear more inspiring journeys like Brock's, subscribe to Multifamily Live. Stay tuned for our next episode, where we'll explore another facet of the real estate world. Happy investing!Coonect with Brock Mogensen:brock@smartassetcapital.comhttp://www.smartassetcapital.comhttps://www.instagram.com/brockmogensen/https://www.linkedin.com/in/brock-mogensen-423839a4https://www.youtube.com/@WinningWealthPodcast
Brandon Turner is the founder of Open Door Capital and the BetterLife Tribe among other businesses. He controls 10,000 units worth $900 million and previously hosted the BiggerPockets Podcast.In this episode marking the 1-year anniversary of the show, producer Alex Felice interviews Brandon about why he left BiggerPockets; his extreme abundance mindset and commitment to hiring teams; his vision for ODC and BetterLife; paying $50,000 for private coaching; and much more.Brandon also talks about: - The banking job that convinced him he could never be an employee- The biggest mistakes he made as a young real estate investor- The moment he knew he needed to leave BiggerPockets and go out on his own- How he mitigated the risk of leaving a “comfortable” gig- The two things you should do before quitting your job- His mission to become the “Dave Ramsey of real estate”- How he plans to give away $1 billion, with a “B”- The books and people that have changed his life the most- His faith and how it him manage stress- Why success requires a certain amount of “brutalness”Books Mentioned:- A Million Bucks by 30 by Alan Corey- ABCs of Real Estate Investing by Ken McElroy- Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Larry Loftis- The ONE Thing by Gary Keller and Jay Papasan- Red Rising by Pierce BrownConnect with Brandon: Open Door Capital: https://odcfund.com/Instagram: https://www.instagram.com/beardybrandon/TikTok: https://www.tiktok.com/@beardybrandon?lang=enConnect with us!Website: https://abetterlife.com/Instagram: https://www.instagram.com/betterlife/?hl=enShow Sponsor: The BetterLife REI Summit May 3-5 in Denver, CO. The most actionable “how to” real estate event for new and experienced investors. Grab your tickets here: https://reisummit2024.com/Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe
Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country. From interviewing flippers to developers to agents and investors, it always seems like there's still money to be made, no matter the market. But is that really true? Or is it a bunch of pro-property investing propaganda that “big real estate” is pushing? To prove that there are indeed real deals to be done in 2024, we're bringing on some of OUR latest investments and walking through the ACTUAL numbers on this show! Each of our expert hosts (including Dave!) has a real estate deal to review on today's episode. First, we'll touch on James' new joint venture partnership that's making him a hefty six-figure profit that could almost be considered passive income. This deal alone could make James over $300,000—a sum that could change anyone's life! Then, Dave jumps back into the market as he makes his first active real estate investment in YEARS. This home has a lot of potential, so what should he do with the property? Next, the “Kat(hy)-Signal” goes up as a growing city in Oregon pleads our own Kathy Fettke to start developing homes so local workers have a place to live. Thankfully, she picks up an astounding deal from a local farmer who doesn't know much about developing. Finally, we're back to good ol' Arkansas as Henry walks through the numbers of a quick house flip that could profit him $80K. But that's not the only sweet part of this deal. Another big benefit comes from the lot right next door. What will Henry do with it? Stick around to find out! In This Episode We Cover: Why NOW is the time to buy as competition is low and “walk-in equity” is high James' almost passive real estate investment that could make him $300K Develop, add an ADU, or do nothing—what's the best move for Dave's new property? How Kathy is turning farmland into single-family houses for a small Oregon city Henry's quick house flip that is turning a stellar profit and what he plans to do on the extra lot that came with the deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Simple Deals We're Doing That Are Making MASSIVE Profits Books Mentioned in the Show Start with Strategy by Dave Meyer Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-198 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Do NOT buy rental properties. There's a MUCH better way to build wealth. And we mean that literally, “building” wealth is the best path. At just twenty-seven years old, today's guest has built twenty-five homes, often making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties. So, how is he doing it? Donovan Adesoro bought his first duplex in 2020. He took advantage of a zero percent down loan program, allowing him house hack a new build for just $3,000 out of pocket. But once he saw how much equity he could make, he realized he had to do more. So, Donovan linked up with other investors, overseeing the new build process in exchange for capital to buy land. He then used the plots of land as collateral for his new construction loans, and within six months, Donovan was the proud owner of a brand new duplex with TONS of equity included. But if you're like most investors, you know NOTHING about new construction. Thankfully, Donovan, who wasn't a builder by trade, breaks down the entire building, funding, and capital-raising process so you can repeat his system and start building your wealth instead of buying it! Plus, Donovan gives ACTUAL numbers on what he's making for every new home and some expert tips on lowering your costs while selling for a high price! In This Episode We Cover: How to build a new construction rental and make a HUGE equity gain Whether or not new construction is STILL worth it in 2024 with higher prices Why you should build DUPLEXES over single-family homes, triplexes, or bigger properties How Donovan raised private capital almost entirely through social media The new build process, from laying the foundation to finishing and beyond How to save a TON of money with tiny square footage tweaks And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Hear Donovan's “Real Estate Rookie” Episode 4 Vital Points to Consider BEFORE Getting Into New Construction Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation Connect with Donovan: Donovan's BiggerPockets Profile Donovan's Instagram: @donovan_builds Donovan's LinkedIn Donovan's X/Twitter: @DonovanBuilds Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-888 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Unlock the secrets to becoming a savvy real estate investor with our latest guest, Daniel Templin, who brings invaluable insights into the world of small multifamily property investment. Daniel guides us through the nuances of navigating this space, from harnessing the benefits of residential loans to understanding the latest down payment requirements. He also shares his expertise on why owning a duplex or fourplex could be your financial game-changer, offering the chance to live rent-free and build additional income streams. If you're intrigued by the evolving real estate landscape and eager to learn how to create spaces that resonate with modern tenants, this episode is a goldmine of practical wisdom.Ever debated the merits of buying an existing property versus constructing a new one? Daniel and I tackle this complex question, weighing factors like home inspections, the shifting commercial real estate market, and how properties must adapt to the rising remote work trends. We also zoom in on the subtle yet powerful aspects that can elevate a rental property's appeal, from high-quality finishes to custom amenities. This episode is essential listening for aspiring investors who are looking to craft rental properties that stand out from the crowd.We wrap up with a candid exploration of property management and mentorship's crucial role in real estate investing. Daniel shares strategies for overcoming common fears, navigating tenant relations, and the ins and outs of eviction laws. We delve into financial strategies, including the pros and cons of DSCR loans and the tax implications of depreciation. And as a final note, we extend an invitation to join our Side Hustle City community, where we continue to empower one another on our entrepreneurial journeys. Whether you're new to the property game or looking to expand your portfolio, this episode will light the path toward your next successful investment.As you're inspired to embark on your side hustle journey after listening to this episode, you might wonder where to start or how to make your vision a reality. With a team of experienced marketing professionals and a track record of helping clients achieve their dreams, we are ready to assist you in reaching your goals. To find out more, visit www.reversedout.com. Support the showSubscribe to Side Hustle City and join our Community on Facebook
In this episode, our guest Jonathan Barr, a multifamily investor and owner of JB2 Investments, shares how he grew from flipping houses with his parents to acquiring and managing apartment complexes worth more than $35 million. Jonathan details his path through strategic acquisitions, leveraging relationships, and reinvesting profits to maximize returns over the long run. You will gain valuable insights on sourcing off-market deals, understanding real cap ex costs, how to assess a building physically, and the importance of re-evaluating your investments based on your equity in them today vs your initial equity invested. Highlights:02:00 How did Jonathan start investing in multifamily?05:23 The biggest mistake made07:28 What is accelerated depreciation?09:05 A transition from single to multifamily13:06 The strategy for multifamily units17:02 Return on the equity vs. the cash put into the deal20:21 The second deal in OKC24:36 New deal expectations and assessing units34:18 How can you benefit from Twitter or LinkedIn?39:12 How is Jonathan sourcing deals?40:27 Sharing valuable insights learned along the way 45:57 How to get in touch with Jonathan Interested in chatting with Jonathan? Connect with him on LinkedIn or Twitter (X): https://www.linkedin.com/in/jonathan-barr-jb2investments/ https://twitter.com/Jb2Investments---Breneman Capital: https://www.breneman.com/investInvestor List: https://www.breneman.com/investPassive RE Investor Guidebook: https://www.breneman.com/downloadsConnect with Drew: https://linktr.ee/drewbreneman
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby sits down with Jake Cross to breakdown his real estate journey. Show notes: Jake's background and how he discovered real estate. How watching his father struggle sent Jake on a journey for generational wealth. Jake breaks down a deal. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ☎️ Welcome to Wholesale Hotline & Subto Breakout✌️✌️! ☎️ Need discounts and free trials!? Check this out for the softwares/websites/contracts/scripts/etc we use in our business: ✌️ https://shor.by/pace-youtube ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
Often times the best way to learn is to hear the real life deal stories from other real estate investors doing great things! In this episode, Jeff interviews The DEALS Workshop and coaching client Pasha, who purchased four off-market duplexes at once, all from the same Seller! Pasha tells the story of how the lead originally started, the hurdles in the negotiation and how he conquered them, how we ultimately financed the acquisition and what he learned along the way! Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com
Join our free Florida income properties webinar on Monday, November 27th for 5.75% mortgage rates at: GREwebinars.com Home prices are up 4.5% annually through Q3. It's the fastest growth rate in months. Three out of ten renters are now age 55+, the most ever. Older renters are good for you: lower turnover, more quiet, more savings & income, and lower regulation compared to assisted living. Overall US population growth is slowing, from 1.2% a generation ago to 0.5% today. It's expected to grow until 2080. I discuss the DOJ crackdown on the NAR and real estate commissions. 1.6 million real estate agents could lose their jobs. Apartment building rate caps have become super-expensive. One of our real estate Investment Coaches, Naresh, joins us from Florida. Naresh tells us how to get 5.75% mortgage rates on new-build Florida income property at GREwebinars.com Resources mentioned: Show Notes: GetRichEducation.com/476 Join our Florida properties webinar, free, Nov. 27th at 8:30 PM ET at: www.GREwebinars.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Timestamps: The housing market stats (00:02:52) Discussion about the current state of the housing market, including the 45% increase in home prices and the reasons for continued home price support. Home price appreciation forecasts (00:05:28) Talks about the predictions for future home price appreciation, with both CoreLogic and NAR expecting a 26% rise in home prices next year. The impact of older renters (00:10:08) Explains why older renters are desirable for property owners and landlords, highlighting their lower turnover rate and stability. The Aging Population and Older Renters (00:11:15) Discusses the benefits of older renters, such as lower mobility, more savings and income, and low regulation. US Population Projection and Immigration (00:12:30) Examines the projected population decline in the US by 2100 and the importance of immigration for continued growth. Housing Demand and Household Size (00:17:12) Explores the trend of fewer people living in each household and its impact on housing demand. The timestamp's title (00:22:05) Rising Costs of Rate Caps for Apartment Buildings Discussion on how the cost of rate caps for larger apartment buildings has become prohibitively expensive. The timestamp's title (00:25:23) Real Estate Market Trends and Slowdown Insights on the current state of the real estate market, including a slowdown in November and leveling off of home values and rents. The timestamp's title (00:28:28) Opportunity in Real Estate Market in 2024 Predictions for the real estate market in 2024, including a potential bottoming out of the market and a decrease in mortgage rates. The decline in home values and the health of the economy (00:32:58) Discussion on the decline in home values and the health of the economy, with reference to the 2008 financial crisis and current housing supply. Short-term rentals and the potential for a decline (00:34:14) Exploration of the decline in short-term rentals due to a decrease in travel and corporate expenses. The impact of mortgage interest rates on home prices (00:35:19) Analysis of the relationship between mortgage interest rates, economic slowdowns, and home prices, with a focus on potential rate cuts and their effects on the housing market. The Florida In-Migration Stat (00:43:53) Florida's astounding population growth and becoming the second most valuable property market in the US. The Rate Buy Down Courtesy of the Builders (00:44:23) Explaining the options of a 5.75% rate or the 2-2-4 program for property buyers in Florida. Disclaimer and Closing (00:46:02) A disclaimer about the show and a mention of the sponsor, Get Rich Education. Complete Episode Transcript: Speaker 1 (00:00:01) - Welcome to I'm your host Keith Weinhold told how price appreciation is up 4.5%, but there are signs that it is slowing down. Finally, learn more about our upcoming live event that you can join from the comfort of your own home today on get Rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers. Oh, at no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of hours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple text to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Day dream letter and it wires your mind for wealth. Speaker 1 (00:01:17) - Make sure you read it text to 66866. Text 266866. Speaker 2 (00:01:29) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker 1 (00:01:45) - We're going to go from Roxbury, Connecticut to Roxbury, Wisconsin, and across 188 nations worldwide. This is get rich education. I'm Keith Weinhold, GRE founder host of this very show since 2014, longtime real estate investor and Forbes Real Estate Council member. In fact, check out my latest article in Forbes for my work in research on the housing market. What we do here is by investment property with the bank's money, pay the debt with the tenants money, and then well, that's about it. In a sense. We enjoy life mostly. There will be some bumps along the way. The devil is in the details. Yeah, all those sus vibes that you got from the housing price apocalypse, doomsday, YouTubers. All of those vibes you had are validated by now. Just in time for a sweater weather. Respected research firm CoreLogic released their report with end of quarter housing stats nationwide. Speaker 1 (00:02:52) - Home prices still haven't fallen. There was a healthy 4.5% in September of this year compared to September of last year. Yes, these real estate numbers always run behind a little bit. Well, that 4.5% increase that even includes distressed sales. And that is the fastest growth rate in quite a few months. And again, this is primarily due to a robust job market spiked inflation and housing inventory lows that just keep scraping along the sea bottom floor. So these fundamental reasons for continued home price support, I mean, it's the same stuff I've emphasized for over two years, even as I stated prominently back on television in November of 2021. And although that was avant garde at the time, it's really not in my personality to get smug until the incessant rumors today I told you so or anything like that. Well, the highest price gains this past year. They were concentrated in places that had, I suppose, the best autumn foliage this year, that is, most northeastern states. They are the big gainers now. There were some price declines in a few places. Speaker 1 (00:04:08) - They were felt in just four western states and D.C. the four western states were Utah, Idaho, Montana and Wyoming. Now, see, in the pandemic, those states prices, they stretched broader than basketball star Victor Wembanyama. And today they are mildly correcting. But back to the base case here. The 46 of 50 states which experienced appreciation oven mitts are needed to handle the three hottest states led by Maine 10%, Connecticut also at 10%, and new Jersey, with a 9% gain. And when you break that down in the metro area, it was Miami that led with soaring 8.5% appreciation. And it's interesting are core investment areas of the Midwest in southeast, which I call the stable markets. They lived up to that moniker again, they appreciated moderately during the pandemic and still appreciating moderately today. And as we approach winter, expect home price depreciation to have its seasonal slowdown. That's what tends to happen each year. In fact, there's a slowdown in sales of volume two. There are just so few homes on the market, but it has gotten really slow lately. Speaker 1 (00:05:28) - Now, I do like CoreLogic, the supplier of this information. They contribute their single family rent index to our industry. And that's so valuable because most rent data that you find out there is about apartments. CoreLogic predicts further home price appreciation over the next year of 2.6%. And similarly, the Nar. They expect home prices to rise 2.6% next year. Now, next month, you will hear me. Release gives home price appreciation forecasts right here on the show, and you're also going to learn how accurate my forecast was for this year that I made last year. Now, just last month, I made an in-person field trip to Cash Flow Country, the Midwestern United States. You've got some income property providers there that are still steadily sourcing properties to investors like you. But, you know, there are a few now where they're not even doing that lately because some providers are having trouble making the numbers work for you, the investor. Like, for example, on a single family rental that was built in the 1960s. Speaker 1 (00:06:40) - Right. A somewhat older property. Where it is commanding, say 1650 rent. And this is a real example of rehab property that I visited in the Midwest, 1650 REM. Well, these property providers can get, say, $230,000 for that property if they sell it to an owner occupant instead of an investor like you. Well, with higher interest rates on an older property, you know, 1650 rent on a 230 K purchase price. And it doesn't work so great for you as an investor, although it might on a newbuild property. So that's why a provider like that is selling to owner occupants instead of investors like you, an owner occupant, they'll pay 230 K because they don't have to make it cash flow. It's their home. So instead of selling it to an investor like you were, say 190 K is the most that it would make sense for you to pay. Well, then sure, that provider is going to get 230 K from an owner occupant, so it makes more sense for that provider to sell it to the owner occupant as well. Speaker 1 (00:07:44) - Now, one income property company that has in-house management and all that. I mean, this is a company that then is set up to serve investors. What they've done though is currently they're selling about 80% to retail homeowners, owner occupants in just 20% to turnkey real estate investors. For just that reason, owner occupants can pay more for it because of what's going on in the cycle. So in that particular Midwestern market, either mortgage interest rates must come down or rents must rise in order for it to make sense to you as an investor again. Now, later in the show today, you'll soon see that we've effectively found a way to make interest rates go back in time a couple of years when they were low, and how you can apply them to new Build income property. Today you'll learn exactly what that rate is, and this is fairly exciting. But yes, everyone wants to know where are mortgage rates going to go. And no one I mean absolutely no one knows where rates will go. Not your mortgage loan officer, not Janet Yellen, not your property provider. Speaker 1 (00:08:55) - They don't know where mortgage rates are going to go, not the president of the United States, not Charlie Ridge, not a real estate agent, not Ron DeSantis and not me. No one knows where rates are going, of course. But we did learn something just about ten days ago. Fed Chair Jerome Powell said he's not confident. Those were his words in quotes, not confident that policymakers have done enough to curb inflation. Well, that right there. That is what is known as a hawkish comment in fed vernacular. If they haven't done enough to curb inflation, then that is what has renewed fears of more interest rate increases. Now your investment properties next tenant might be a grandparent with a flip phone. Roughly three out of ten renter households are now headed by people age 55 plus. After bottoming out in 2004, older renters have become a major share of the tenant population today, and I share this with you recently. If you're a reader of Art, Don't Quit Your Day Dream letter. And by the way, welcome to all of our new letter readers. Speaker 1 (00:10:08) - We recently had a few thousand new Don't Quit Your Adrian Letter subscribers, our weekly email newsletter. Welcome here to the podcast. Now as I'll explain why in a moment you should like and embrace older renters. Now, first things first. Understand that as a property owner or landlord, you cannot age discriminate in your advertising or in your tenant screening. But all right, once you're done poking fun at their jitterbug or their track phone, understand that older renters, they are desirable. And by the way, our jitter, bugs and track phones still made us think that at least one of those two phone models is still made. At least one of them is a flip phone. Not completely sure, but anyway, yes, now that we know that there are more older renters here, about 3 in 10 American renters now age 55 plus, okay, older renters, hey, they really are desirable for a bunch of reasons. You're going to have lower turnover. Okay? Older people tend to stay put. There's a low transient rate. Speaker 1 (00:11:15) - They have a low mobility rate. That's another way to say it. Also all the renters, they tend to be more quiet. They're less likely to throw three keg ragers no beer pong, no headbutt dents in the drywall. And when it comes to savings and income, they have more of it and expect low regulation. Unlike something like assisted living, there is no special government permitting or any specialized staff that's needed. So. There are some big reasons why this growing group of older renters that is good for you as an income property owner. So to review what you've learned, that's due to lower mobility. They're more quiet, they have more savings in income and there's low regulation. And I'm going to say that personally, I've come to appreciate my older friends more as time goes on. And I recently realized that I have some of my best conversations with them. But they won't talk me into the jitterbug. They can't talk me into giving up my life without Instagram on an iPhone. Many older adults, they don't want the hassle of homeownership and others they are just feeling the weight of dreadful homebuyer affordability, just like everyone else. Speaker 1 (00:12:30) - And one major reason for why there are more older renters. If you're trying to find a reason why it's not due to some seismic behavioral shift, it's just the simple fact that the American population keeps getting older overall. Overall, we have an aging population. And by the way, is 55 that old? I mean, the 55 plus age group, that can mean a lot of things. And 85 year old and 55 year old lived very different lives with different activity levels, of course. But is 55 that old? I don't know, I know that you only need to be age 50 to be an AARP member. I guess 55 sounds old, because you can say that you're pretty likely to be in the second half of your life, but maybe if you divide life up into thirds, you could say then that 55 is in the middle third, and then therefore 55 could be seen as middle aged and not old, I suppose. And for some reason, it's systemic in American culture that people don't seem to want to be called old for whatever reason. Speaker 1 (00:13:35) - It has a mildly pejorative connotation, but it is a group of people with their own separate habits, and these people are more likely to be using trekking poles when they go hiking, I guess. And I don't agree that age is just a number. I mean, come on, age means something in 85 year old men. They are not going to qualify to play in the NBA All-Star game. They're not going to be the most agile defensive back on an NFL field. So that takeaway here is that more renters are older. Embrace it. It's good if you're a listener but still don't have our valuable don't quit your day dream letter, which wires your mind for wealth, and it updates you on real estate trends. You can get it for free right now. Just text message group to 66866. That's green to 66866. We've been talking about the aging population here on get Rich education episode 476. All right. But how about the overall US population trend. This is something that you might have seen elsewhere since it transcends real estate. Speaker 1 (00:14:46) - But I'll give you my real estate take on it too. All right. So the latest Census Bureau figures, they show that the US population is projected to contract to shrink by the year 2100, which would be only the second decline in the nation's history. And the other decline occurred in the 1918 Spanish flu and World War one. For those reasons, annual population growth rates, they have dropped from about 1.2% a generation ago to just one half of 1% today, and the culprits are declining birth rates and that aforementioned aging population. All right. The US has the world's third biggest population, and it could be demoted to fourth or fifth by Pakistan or Nigeria as soon as the middle of this century. So this anticipated population contraction, that means that immigration could become vital for any hopes of continued growth. And yet understand the US is still growing faster than a lot of other high income nations like Japan and Italy, that are already losing population. All right, so the US population is projected to shrink by 2100. Speaker 1 (00:16:02) - The more important thing for you to remember as a real estate investor that's going to need a population to drive demand, is that our population is still expected to grow every year until about the year 2080 by most every model out there. So still 50 to 60 years of population growth. And then it isn't until later 2100 that is expected to decline. And of course, birth rates and immigration rates are bigger unknowns than the death rate out there in the future. Just estimating how soon our population is going to peak, but it's going to be a. While many decades. And then, of course, even in 50, 60 years, if the overall American population stops growing. All right, well, it'll probably still grow in some regions. And, you know, I wonder if Florida will still be growing late this century. It seems like it never stops there with population growth. And also it's not just about overall population growth when it comes to housing demand. It's how people choose to live within a certain population growth rate. Speaker 1 (00:17:12) - Okay, with a population of 100, if there are two people per household, well, they can be housed with 50 homes, but if there is just one person per household, well then it's going to take 100 homes to house those same 100 people, no longer 50 homes. All right. And one trend that's made for surging American housing demand is that you have fewer people living in each household. That's how people choose to live today. So keep that in mind. You see a small half of 1% annual growth rate in more recent years, but there are a lot of numbers behind the numbers. Now, you might wonder what I think about the federal jury that recently found the National Association of Realtors and large brokerages, and how they conspire to keep commissions artificially high. What's that really mean? Well, what it means is more flexibility for buyers. I mean, under the current system, sellers pay their own agents commission of roughly 5 to 6%, and then that 5 to 6% that's shared with the buyer's agent. Speaker 1 (00:18:18) - Well, if sellers now get billion from paying buyer's agents, well, then buyers would have to start to pay their own agent if they choose to use one. And a buyer could do that at either a flat rate or an hourly rate. But first time homebuyers, they could really feel the crunch, or that could become a bigger issue for those wannabe first time homebuyers that are having a hard time amassing the savings to pay for an agent on top of their down payment and their closing costs. Just another whammy for those wannabe first time homebuyers. They keep getting beaten down, and that's what could put some upward pressure on rents. But I don't think it would really be much as a result of that alone. And another consequence of this is that there would be less commission paid by sellers. I mean, the way it works is that in order to advertise a listing on the database, the MLS, the Multiple Listing Service, are that MLS that populates real estate websites like Zillow and Redfin? Well, in order for that to happen, sellers in most markets they have to agree to pay the buyer's agent's commission as well as their own sellers agents commission. Speaker 1 (00:19:31) - Well, that's the practice that could be scrapped and that could spell trouble for real estate agents. A lot of people have estimated that $30 billion could potentially leave the industry, and some estimate that 1.6 million agents could lose their jobs. See, the way that the system had worked in the past is that one reason that the seller pays the entire 5 to 6% commission for both sides is because it's usually easy for them to do that, since sellers are the ones that have the equity in their property and the buyers often don't. So this could make homeownership even more difficult to qualify for. I mean, if first time homebuyers already had to jump over a four foot hurdle, now it's perhaps a five foot hurdle if this all happens. But there are still legal battles ongoing there in the real estate agent commissions case. Now, as I've talked about before, with this American housing shortage, it's the affordable housing segment that has high demand and is so drastically undersupplied. Now just get this understand that from 2019 until today, the price of a new car rose 22%, the price of a median home rose 42%. Speaker 1 (00:20:54) - And the mobile home price, which is about the most affordable option for housing that rose by a giant 58%. I mean, wow, that is a testament to the major housing shortage at the affordable price points. That really, really spells it out. And if you're confident that the long term play is to provide good, affordable housing like we are here at, you know, there are more reasons to look at loading up on properties like duplexes and triplexes. And for plex's where you can get fixed rates now. And if you wanted to, you could refinance to long term fixed rates later. Now to buy a rate cap for a larger apartment building. That has just balloon in expense for you? Yes, a rate cap buying the what's basically like insurance you buy that puts a ceiling on how high your interest rate can go on larger apartment buildings. You don't have to do that with 1 to 4 unit property. You can just get fixed rate certainty. Now, a couple years ago, rate caps for large apartment buildings, they were pretty affordable. Speaker 1 (00:22:05) - They were inexpensive. It took 40 K, 50 or 100 K to ensure that your rate wouldn't adjust too high. And then once it did, of course the rate cap insurance would kick in. But that same rate cap this year could be nearly $1 million. Yeah. See, a couple years ago, the $10 million loan, you could have bought a 2% rate cap for 60 to 75 K in three years coverage. Well, if you'd want to extend that this year, just a one year renewal, you could probably spend 350 K. Well, that has become prohibitively expensive for a lot of larger apartment buildings. And coming up, one of our in-house investment coaches in the race is going to be joining us from Florida, where they're building new construction duplexes and for plex's affordably. And they're selling them to investors like us at just a 5.75% interest rate. That's straight ahead. I'm Keith Winfield, you're listening to get Rich education. Jerry, listeners can't stop talking about their service from Ridge Lending Group and MLS. Speaker 1 (00:23:18) - 42056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your prequalification and you can chat with President Charlie Ridge. Personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns are better than a bank savings account up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate. And I kind of love how the tax benefit of doing this can offset capital gains in your W-2 jobs income. They've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. Speaker 1 (00:24:29) - For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, 686, six. This is Rich dad advisor Tom Wheelwright. Listen to get Rich education with Keith Reinhold and don't quit your daydream. It's always valuable for you, the listener and me as well. To have a market discussion with one of our in-house investment coaches were doing that today. Naresh, welcome back onto the show. Speaker 3 (00:25:23) - Is Keith looking forward to talking? Speaker 1 (00:25:26) - Let us know what's happening from your view. I mean, give us your perspective on the real estate market today and any drivers or trends. Speaker 3 (00:25:35) - Look, Keith, I've been working as a real estate investment coach for about four and a half years now. I've been a real estate investor for about six and a half years. I've been working with for two years now, and it's great because it's almost like I'm a leading indicator on what's going on with inflation, what's going on with the housing market, because I see it in front of my eyes in real time. Speaker 3 (00:26:02) - I have it on my spreadsheets that are in front of me. Of all the different properties that were sold or inquiries that we get from clients right now, I am actually seeing a slowdown this month of November compared to the first ten days or the first 20 days of the previous month. There's definitely somewhat of a slowdown. We're getting more complaints or nagging from clients saying, oh, I'm not able to rent out my property for as much as I thought I'd be able to, or my property's been vacant for longer than usual. What this is telling me key is, at least in my state, look, home values vary based on geography. We know that home values are like the weather. The weather is not the same everywhere. For the most part, I think you're going to see that national home values peaked a month or two ago. Rents certainly peaked about two months ago. What I mean by that is we saw rents go up precipitous just going up, up, up since January 2021 nonstop. And they finally peaked. Speaker 3 (00:27:17) - And when I say peak home values, peak rents don't mean that they've crashed. I don't mean that they've gone down. They've just peaked and leveled off. So I haven't seen a decline in rents. I haven't seen a decline in home values from two months ago. I'm just saying they've leveled off. And so I actually expect this inflation or I expect inflation CPI moving forward to go back down. I know that we did see a blip up for a few months, but I think we're going to start seeing things go back down as the fed old rate study appears. They're done raising for good, and they're just going to ride it out with how it is currently. And then once unemployment crosses, probably 4.5%, if at all, that does cross 4.5%, that's when they're going to start cutting. If unemployment crosses 4%, then they're probably just going to wait it out until inflation hits that 2% target. And so what does this all mean for real estate. What does this mean for interest rates. Low interest rates I've talked about peaks. Speaker 3 (00:28:28) - We saw peak mortgage rates. Also it looks like mortgage rates peaked. And they've slowly crept back down not significantly to a point where as an investor you're like, oh let me jump in. No. But think we saw mortgage rates as well. So again, what does this all mean. This means 2024. We're almost a month away from 2024. I think it's going to be a great opportunity to jump in, because you'll be able to catch the real estate market that's going to hit some type of bottom in 2024. You're going to see mortgage rates go back down in 2024. That also means today because remember, Keith, I've come on your show before talking about incentives that providers who we work with, partners who we know personally and who we've worked with for many, many years, we've been offering incentives that make up for this high inflation, that make up for the higher interest rates. And those incentives are very likely going to be gone in 2024 as mortgage rates go back down, as the home values maybe decline slightly. Speaker 1 (00:29:39) - We want to talk about some of those incentives later, about how providers are buying down the interest rate for you on rental property, but rates, I think perhaps the most interesting thing you said, the thing that I didn't expect is that you're talking to some investors out there where they're telling you about how they have more or longer vacancies than they had expected. I didn't think that I would hear that from you. Is that a pretty small sample size, or is that passed by apartments versus single family homes or entry level versus luxury or anything else? Speaker 3 (00:30:13) - I'm talking about single homes, so can't speak for apartments. I'm talking about cookie cutter, entry level, single family homes. This is in multiple different markets. So not just in one city. This is in multiple cities states. We're seeing vacancies. We're seeing, like I said, the rent growth rate that was previously being used six months ago, eight months ago, the property managers have had to use a lower rate because there's been a decline. So it's not surprising. Speaker 3 (00:30:44) - There's just no way that the country would would have been able to survive with rents going up the way they were going up with home values going up the way that we're going up. So there was bound to be a stoppage. And so we've seen that stoppage in home values, we've seen that stoppage in rents. And when I say stoppage again, not a decline in rents, not a significant decline in home values. But they leveled off from their peaks. And that's just how the business cycle works. Every 30 years or so when we see super high inflation, it's not surprising that I'm seeing this. But this is what's going on in the market right now, from Florida to Tennessee and Alabama to Ohio, in Missouri, Kansas City. Speaker 1 (00:31:31) - For about five months in a row now, we have seen wages be higher than inflation. But of course that's just stated CPI inflation. And then there is quite a lag effect there too. If wages do exceed inflation, when will that eventually catch up to higher rents? We don't really know. Speaker 1 (00:31:50) - But one thing we do know over the long term is rents are historically very, very stable, even more stable than home prices. It was so unusual when rents were up about 15% year over year, a year or two ago. You don't typically see that rents tend to stay stable, and they sure are stabilizing lately. What do you have any other thoughts as you look around the market and race? Because you often talk to our followers in there, they get a hold of you for you to help lead them through contracts and connect them with the right properties and providers that can meet their goals. So what are our followers asking about? Speaker 3 (00:32:27) - Our followers right now are fearful, which is very common. Fear always rules people's minds and they're fearful of a crash. And look, there are certain real estate asset classes, commercial real estate, which you've talked about for a while, is going through a decline right now and could be going through a major crash as many of these commercial real estate owners default on their mortgages or their loans, their commercial loans, there is a concern that there could be a crash in the housing market. Speaker 3 (00:32:58) - Meredith Whitney, who really famous real estate banker, I believe the only woman to call the 2008 financial crisis. She called it back in seven. Meredith Whitney came out a couple of weeks ago and said, there's going to be a decline in home values, and I'm here to tell you that there has been a classic line on values. And will that continue? It could continue where there's a, again, a slight decline. So don't see a crash coming. The reason is because I feel like the economy, the banks are much healthier today than they were. And let's say at 2007, the people who have been laid off, we're going to see unemployment continue to go up. It's not the 10% plus that we saw during the pandemic or the really we reached close to that 2008, 2009 or so. I just don't see something systemic to where there's going to be a housing market crash. And it's all about supply. Housing supply is still very low. So until the supply catches up to the demand, think the real estate market is going to stay healthy. Speaker 3 (00:34:14) - And if you're looking to buy an old over a 30 year period, if you're looking to buy and rent for cashflow, it's still a great time. Right now, there's just certain asset classes. Like I said, commercial real estate. Maybe wait for the crash. They're short term rentals. The worst time to get into short term rentals would have been a year or one and a half years ago, 18 to 20 months ago. That space has declined because there has been a decline in travel, leisure, airfare, corporate expenses, the corporate trips. There has been a decline. So we don't promote those often. They're available. What? We don't promote them often, but that's another asset class that could be ripe for, I want to say, a crash, but a big decline when it comes to cookie cutter, entry level Single-Family homes. I just don't see this huge crash that people have been waiting for over the last 15 years. Speaker 1 (00:35:13) - Right. As you know, I've talked extensively about how it's virtually impossible for that to happen. Speaker 1 (00:35:19) - And yes, everyone wants to know what's coming. It surely has been a consensus among analysts and others that mortgage interest rates have peaked and or the fed funds rate is done increasing in this cycle. Many seem to think that next year, if rates come down, that that is really going to push home prices through the roof. I don't know if that's necessarily true, because typically a cutting of rates coincides with an economic slowdown or a recession. So I think a cutting of rates next year that could result in a moderate price increase. But of course, we have to remember that some of that supply is going to come once rates go down, you will have a few more people motivated to sell. You also have a lot more people motivated to buy and that can qualify as well. But the rates think a lot of people really in this cycle lately, when they've seen higher mortgage interest rates maybe than some people have seen in their entire investment life, you know, they feel like they kind of want to get some sort of break, but they sort of want to wait and see what happens with the market. Speaker 1 (00:36:20) - But we actually have something to talk about here where they can get a break. They don't have to wait and see with what's going on in the market. And that's with what is taking place in Florida. Speaker 3 (00:36:33) - That's exactly what's taking place in Florida. We work with a provider who is going to be on with us. We're hosting a webinar with them about a special 5.75% interest rate. The lowest interest rate that we see across the board with any provider we work with from Alabama to Texas, etcetera. So they're coming on our webinar. They're going to promote and discuss that 5.75% program that they have, as well as a 2 to 4 program. That's two years of free property management, 2% closing cost credit into $4,000 release fee. You might say, well, why do I need a $4,000 release a credit? Because their best properties or highest cash flowing properties. Highest returning properties are quads and duplexes. So these are huge breaks that will reduce the amount of money you need to bring to close and look. If you're a high net worth or if you're a high income earner sucking it up and paying the 9% interest rate today. Speaker 3 (00:37:37) - If that's what you decide to opt for with the 224 program, 9% interest rate, or 8% interest rate today, it'll save you on your taxes, the mortgage interest tax deductible, and in 5 or 6 years, you can just refinance, most likely at an ultra low rate, maybe even sooner than that. So still, there are some really good deals. If you work through us, then we can help you find some really, really good programs and incentives so that it's like going back to 2020 or 2021, when interest rates were super low, or when there was less cash that you had for bringing to the same level. So we have that definitely recommend that people check out this webinar. It's great webinars. Com you can register for it over there. webinars.com. I'm going to be on it's Monday November 27th. That's Monday, November 27th at 8:30 p.m. Eastern Time. So people on the West Coast can finish up work, attend the event. People on the East Coast can finish up dinner, put their kids to sleep and attend the event. Speaker 3 (00:38:43) - So I look forward to seeing everybody there. It's a special, special webinar, special deals, special promotions only through the average education. Speaker 1 (00:38:54) - So the 5.75% rate, if I remember from previously narration, it's a ten year fixed rate and a 30 year amortization at those terms. And then is one choosing between the 5.75 rate and the 224 plan that you described. Is it one or the other? Can you get. Speaker 3 (00:39:12) - One or the other? It's one or the other. Because to get that 5.75% rate, yeah, the builder is paying the lender a lot of money. And to lower those points, they're buying points to to get you the investor that rate. So it's one or the other. And by the way, that 224 program the purchase price is negotiable. So that's also why I like that 2 to 4 program. Because you can go back and forth and I can help you out negotiate the price, maybe shape 10 to 15 maybe $20,000 if it's a high ticket item off the purchase price. So makes the numbers look even better. Speaker 3 (00:39:54) - That's my favorite program, the 5.75% program. That might be right for some other people, so that's fair to. Speaker 1 (00:40:02) - Else about the property prices and types. Speaker 3 (00:40:06) - So this provider we work with has single families, duplexes, four plex quads all available. The price points are anywhere from $250,000 to $800,000. Everything is new construction. That's also in flux, as in the single family is just cash flowing much. So I would say go for a duplex or a quad. Duplexes are around $400,000, give or take 20,000 over under, and quads are somewhere between 650 to $800,000. Speaker 1 (00:40:45) - Okay, so these are brand new build properties in Florida. So yeah we're talking about entry level rental homes here. The asset type that seems to have the greatest dearth of supply in housing, entry level single family homes. You just have such a good chance to own an in-demand asset that everyone is going to want over time here. Do you have any last thoughts about this webinar trace, which you're going to help put on for people? That way the participants can ask you questions. Speaker 1 (00:41:16) - They can ask the provider questions, any question they want to, things about the physical property, things about just how they bought down your rate to 5.75% for you, or how they can do the 224 program for you. Those are some of the benefits of attending. You can have your question answered in real time there with narration. Do you have any last thoughts about this event that's taking place on Monday? The 27? Speaker 3 (00:41:39) - Well, you definitely want to register at Jerry webinars. Jerry webinars. We already have more than 50 people registered and now this episode is out. I'm sure we're going to get another 100 or so. Like you said, people can come on and ask some questions, actually talk to us, interact with us. Last time they wanted to these webinars, it went like 2.5 hours. People were having such a great time. We went into the wee hours of the night just talking to all sorts of folks, answering questions. It's super interactive, really educational. The best part is completely free and you get goodies and perks and incentives back in return for ten. Speaker 1 (00:42:17) - Now, look, I know that some of these incentives have got to sound terrific to you, the listener and viewer here. I just want to pull back and take a look at things. More fundamentally. This is truly investing. This is not speculating. You own a piece of Florida land in a house constructed of commodities. On top of that land, from wood to steel to concrete. You already know about Florida's In-migration. We've talked about that at nauseam on the show here, and it's not speculative because you're purchasing something for rent production, not a speculative endeavor. Over the long term, people will pay you in order to live in a property that you provide to them. I mean, this is the sort of thing where you could even if say, you have a spouse or a mother that has nothing to do with real estate knowledge, they don't know anything about it. You can explain this to your spouse or your mother and they would understand. So it's easy to understand where your income comes from. Speaker 1 (00:43:12) - It's really fundamental. I don't know how long the 5.75% rates are going to last, because this same provider had a lower rate a few months ago. I told you then I didn't know how long it was going to last and it didn't last. Now it's 5.75%, which is still a great rate. I really encourage you. Sign up. It's free. It's our live event next Monday night, the 27th at 8:30 p.m. eastern, 530 Pacific. Again, you can register@webinars.com. What a great update in race. Thanks so much for coming back into the show. Speaker 3 (00:43:46) - Thanks, skeet. Speaker 1 (00:43:53) - If you're unsure about making it on the live event on the 27th, but it interests you, sign up and we might be able to get you access to the replay, but you want to watch it soon because the properties available are limited. And again, I don't know how long the 5.75% rate will last. You think you've heard every amazing Florida In-migration stat by now? Well perhaps not. In the latest year over year, Florida saw 740,000 people moved there. Speaker 1 (00:44:23) - Yeah, basically three quarters of a million in just one year. That is truly astounding. That's clearly the most of any state in the country. And with all the growth, Florida's property market became recently the second most valuable in the US last year that bumped New York down to third place. That's according to Zillow. So this population growth is leading to a prosperity increase in the value of Florida property. So I think a lot of people get focused on these things, like wondering if the fed will raise rates another quarter point at their next meeting, and if that's going to show up in mortgage rates. And they wonder about the mortgage market in the future, and it feels like something that you cannot control. But now you can with this rate, buy down courtesy of the builders. So joining us on the webinar to learn all about it. Again, it's all new build and we make that really clear and spell it out for you. In next week's live event, you get to select from one of the two options. Speaker 1 (00:45:29) - To make it clear here, either a 5.75% rate or the 224 program, which means two years of free property management, 2% of the purchase price and closing cost credit, and a $4,000 lease up fee credit. Sign up. It's free. It's our live event next Monday night, the 27th at 8:30 p.m. eastern at 530 Pacific. Register at GRC webinars dot com. Until next week. I'm your host, Keith Weinhold. Don't quit your day. Great. Speaker 4 (00:46:02) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get Rich education LLC exclusively. Speaker 1 (00:46:30) - The preceding program was brought to you by your home for wealth building. Get rich education.
The QCIB returns to the CJTR studio for the first time in… a very long time. On the agenda: REAL's finances are fffFFFFfff-f-f-f-fairly bad; Councillor Terina Nelson wins Most Insightful Comment By A Councillor Award; Mayors motion to accelerate housing may face province-sized problems; sky-diving Christian babies. Music by Guidewire (aka Ryan Hill). Originally broadcast on 91.3FM CJTR.
In this podcast episode, Ash Patel interviews Jim Sheils who discusses his transition from renovating to building new construction properties in Florida, focusing on the build-to-rent sector. He highlights the advantages of new constructions, the company's approach to targeting affordable markets, and their comprehensive property management services. The episode provides insights into investment strategies and the benefits of new constructions for investors. Key Takeaways: Shift to New Construction: Jim Sheils emphasizes the strategic shift from renovating older homes to building new construction properties, especially in response to the evolving real estate market conditions. Build-to-Rent Focus: The episode highlights the advantages of the build-to-rent sector, including its potential for better returns, reduced maintenance issues, and more predictable cash flow for investors. Comprehensive Property Management: Jim discusses the importance of offering all-inclusive property management services, easing the burden for investors and ensuring a more streamlined and efficient investment experience. Jim Sheils | Real Estate Background Partner at Southern Impression Homes & Co-Founder at 18 Summers Portfolio: Build to Rent New Construction Single Families, Duplexes, and Quads. +5,000 Buildable lots in Florida Based in: Jacksonville, FL Say hi to him at: LinkedIn www.jjplaybook.com Best Ever Book: The Alchemist by Paulo Coelho Greatest Lesson: "Go deep in your own unique abilities & delegate the rest." Sponsors BV Captial BAM Capital Rentec Direct
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The REITE Club Podcast - Real Estate Investing for Canadians
Martin Mei is a real estate investor with a natural instinct for spotting opportunities and the courage to take them. He began his journey in Montreal, turning a derelict duplex into a profitable investment in 2019. Originally planning to buy a condo beyond their means, a colleague suggested reading the book Rich Dad, Poor Dad made him reconsider his options. He learned the value of having tenants cover the mortgage and purchased a rundown duplex instead. Despite the initial obstacles, he was determined to succeed. He optimized his duplex by converting living rooms into additional bedrooms and tackling challenges like dealing with difficult tenants head-on. His relentless drive led to discovering the New Brunswick market, where the cash flow potential was significantly higher. His journey in real estate investing was marked by continuous learning, adaptation, and a desire to provide value to his investors. I realized that instead of just living with tenants, I could have more separation and privacy by investing in bigger units with multiple units under one roof. This allowed me to have tenants cover the rent while I had my own space. - Martin Mei In this episode, you will be able to: Discover adaptable real estate investment strategies designed to thrive in any market climate. Leverage strategic partnerships and local teams to streamline your investment endeavours. Uncover why self-storage could be a scalable and recession-proof asset class to add to your portfolio. Explore the avenues to find profitable opportunities outside your local market. Gain insights from the impactful role of the book Rich Dad, Poor Dad in shaping effective real estate investing strategies. Get in touch Martin Mei https://meilyproperties.ca/ https://www.facebook.com/MeilyInvestmentGroup https://www.instagram.com/meilyinvestmentgroup/ https://www.linkedin.com/company/meily-investment-group/ https://www.youtube.com/@meilyinvestmentgroup This episode has been brought to you in part by Better Mortgage Select - https://bettermortgageselect.ca
In the premiere episode of "Masters In Real Estate," we delve into the inspiring journey of Donovan Adesoro. Starting from scratch, Donovan didn't have all the answers, but he was fueled by passion and determination. Dive deep as he shares how he successfully built a unique system in real estate development, focusing on duplexes, a strategy he's replicated over 27 times. Whether you're new to the real estate world or an experienced professional, this episode is packed with invaluable insights. Donovan's story is a testament to taking action, continuous learning, and the power of persistence in the world of real estate.Don't forget to give this video a thumbs up if you found it valuable, drop a comment with your thoughts, and most importantly, hit that subscribe button to stay updated with more insights from "Masters In Real Estate."
More on YouTube? Check the video version on YoutubeWho is the Guest?Jim Sheils is also known as the “Crazy Glue” for entrepreneur families. His popular “Board Meeting” strategy and other simple frameworks are helping thousands of business leaders worldwide reconnect where it counts the most: at home. His company, Southern Impression Homes, has focused on creating Build-to-Rate Single Family Homes, Duplexes, and Quads around Florida. Although his achievements in real estate are impressive, he is most proud of the 18 Summers organization that he and his wife co-founded to help business owners and professionals build stronger family bonds while growing their companies. Visit Him at:Websites:https://jjplaybook.com/ :https://southernimpressionhomes.com/ Linkedin: https://www.linkedin.com/in/jimsheils/ Twitter:https://twitter.com/sihomesfl Youtube:https://www.youtube.com/@SouthernImpressionHomes Instagram: https://www.instagram.com/jim_sheils/Facebook: https://www.facebook.com/SIHomesFL/ Freebies!Download our Passive Income Playbook to learn our principles and how we deliver excellence and empower freedom every time. https://jjplaybook.com/ Start taking action right NOW!Goal-setting the right way! Hesitant to make the first step towards real estate investing? Axel learned the hard way- but you DON'T have to start that way. Support the show
In this episode, we explore the transformative shift from single housing and duplex investments to the dynamic world of Commercial Real Estate and multi-family syndication. Discover why delaying this change could be costing you valuable time and resources, and hindering your potential for growth in larger-scale projects. Join us as we uncover the countless advantages that make this transition a no-brainer! Don't miss out - tune in now! Connect with Shannon Here Apply To Be On The Show with Shannon
Duplexes are more than homes; they're financial powerhouses! With double rental income, mortgage help, lower risk, and faster equity growth, they're a smart investment choice. Don't just buy a house; invest in your financial future with a duplex! #RealEstateInvesting #DuplexInvesting #FinancialWisdom #InvestmentOpportunity
Welcome back to the Movers and Shakers Podcast with your host, Gino Barbaro. In this enlightening episode, we have a deep dive with one of our exceptional coaches, Joe Sullivan. From beginning his real estate journey investing in duplexes in Kansas City in 2018, to scaling his portfolio to an impressive 1,400+ multifamily units, Joe's story is nothing short of inspiring. Highlights from the episode: Joe's initiation into the Jake & Gino community and how it changed his investing game. - Personal growth, introspection, and fun adventures in Ireland. - From W-2 jobs to a successful full-time multifamily investing career. - Tackling the challenges of capital and scaling in real estate. - The current state of the multifamily market, interest rates, and potential opportunities. - Why Joe decided to become a coach and the joy of giving back to the community. - Key advice for newcomers: Balancing education with taking actionable steps. - Reaching out to Joe for insights and partnership opportunities. Joe embodies the essence of the Jake and Gino community - focusing not just on investing, but integrating the family aspect into the business. This episode is packed with golden nuggets, offering both new and experienced investors invaluable insights. Make sure to subscribe for more such insightful episodes and hit that like button if you've found value in this discussion. Let us know your thoughts in the comments section! Contact Joe: joe@joeedts.com Highlights: 00:00 - Intro 00:48 - Joe and Gino talk about Time Spent in Ireland with Phillip McKerney 02:42 - Gino and Joe talk about the Irish Jig 03:25 - Gino Talks about Some Realizations and Emotions 06:23 - Joe Sullivan Talks about His Takeaways from the Experience 09:08 - Joe Sullivan Talks about His Background 11:09 - How To Move Forward and Become a Better Entrepreneur 12:47 - Joe's First Real Estate Goal 13:37 - Excuses, Limiting Beliefs, Moving Forward and Experience 17:50 - What are Some Takeaways Joe Sullivan Got From Jake and Gino's Network? 18:08 - What is Joe Sullivan Looking For in a Property? 19:04 - Why Do You Need to Get Into Multifamily NOW?! 20:30 - Commenting on the State of the Current Market and Problems with Bridge Debt 21:57 - Why Did Joe Become a Jake and Gino Coach? 23:12 - Learn Do And Teach - Live by that Motto 26:11 - First Steps to Getting Into Multifamily (It Will Change Your Life) 27:43 - Education x Action = Results 28:55 - Gino's Parting Story 30:06 - Where Can Listeners Get Ahold of Joe Sullivan? 30:20 - Wrap up Thank you for tuning in, and as always, make it happen! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
Welcome back to the Real Estate Investing School! In today's episode, we dive into the fascinating journey of Tyler Miller and his real-life deal. Tyler had a dream of investing in a duplex, but faced the challenge of not having enough money to make it happen. He contemplated partnering with someone to maximize the investment's profitability. Asking his own father to join forces, Tyler proposed an arrangement where his father would provide the down payment and loan, while Tyler would cover the furnishings and split profits equally. In an effort to sweeten the deal, Tyler mentioned cost segregation and bonus depreciation from year one. As Tyler and his wife explored two real estate strategies - midterm rentals out of state and income strategies in Utah - they reached out to experts like Sarah Weaver to gather valuable insights. Keen on finding the perfect property manager, buyer's agent, designer, and furnishing team, they found a real estate agent named Mindy Templeton in Kansas City, who proved to be an invaluable asset. Within just weeks, Tyler and the team successfully found a "for sale by owner" deal and secured it with an offer. Throughout this episode, Tyler shares his eye-opening experiences and the lessons he learned along the way. From the power of utilizing midterm rentals to the benefits of furnishing with 0% interest cards, Tyler unveils how optimizing cash flow can lead to recovering all the upfront investment within the first year. We also explore the concept of seller credits and the intricate process of negotiating repairs. Having a hard time finding deals in today's market? If so, book a free strategy call with us in the link below to see how we can help you! Show Links: Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Joe's Instagram Tyler's Instagram
As winter comes to an end so too does our phenomenal 2023 Winter Series, but you can be sure folks, we're ending it with a bang! This week we're sitting down with an investor whose childhood was characterised by sacrifice, determination and good money habits... Tune in now to hear how this moulded the person she's become, from growing up in a low socioeconomic area to buying her first investment property...just before travelling the globe?!? Yep. Jodi's story is one that will have you guessing her next move until the very end!!From her biggest regret (HINT: it has to with duplexes) to buying that property for $69,000 to the lifesaving decision she made in her 20's to get a certain line of defence...We're unpacking a tale that truly highlights the power of getting your ducks in order, the glory of defence strategies and how determination wins the day over and over again. A MASSIVE thank you to Jodi and all our amazing Winter Series Guests who've stepped up and shared your amazing stories with our community. Tune in now to finish our superb 2023 series with one insanely awesome and humble lady. You can also watch it here.. P.S. Sad about this series ending? Don't worry, we've got a super exciting guest coming on in just 2 weeks – and trust us, Bryce has been trying for YEARS to get them on.... We can't wait to reveal who it is
Jim has done a lot with his time in real estate, literally going coast to coast. He started with his first property in California for 152k to now living in Florida having completed over 2,000 rehabs and focusing on the Build To Rent niche building Single Family Homes, Duplexes, and Quads throughout Florida through his company Southern Impression Homes. His real estate accomplishments are great, however, what he's most excited about is his company, 18 Summers, that he founded with his wife, providing family education services to entrepreneurs and professionals seeking to strengthen their family relationships while succeeding in business. He also authored "The Family Board Meeting" which is a #1 Wall Street Journal Best Seller. FOLLOW JIM:https://jjplaybook.com/https://www.instagram.com/jim_sheils/https://www.linkedin.com/in/jimsheils/https://www.18summers.com/https://podcasts.apple.com/us/podcast/18-summers-podcast-for-parents/id1517106300SUBSCRIBE IF YOU'RE LOOKING TO BUILD WEALTH THROUGH OPPORTUNITIES IN THE REAL ESTATE INDUSTRY ✅ http://relfreedom.tvGET STARTED INVESTING TODAY AND ACCESS OUR DEAL LIST!
Real Estate Uncensored - Real Estate Sales & Marketing Training Podcast
It's no secret that the first-time home buyer experience is intimidating. From navigating the financial unknowns to confusion about the current market conditions, buying a home can get tricky. Why are duplexes a good option for first-time buyers? What are the advantages of investing in a duplex? In this episode, licensed mortgage originator, author, founder of Color My Credit, and TikTok enthusiast, Alisa Glutz joins us to talk about duplexes for first-time owners. We also talk about what it means to house hack and why we need to be more strategic and creative when it comes to opportunities. You'll also learn; Changing the traditional mindset Using AI tools correctly Hyper-focused information for real estate Using social media to become a better storyteller Guest Bio Born and raised in Arizona, Alisa is also a proud graduate of Arizona State University. After a successful beginning to her career working in Hollywood as an Executive for HBO and a Producer on ABC's Politically Incorrect with Bill Maher, Alisa decided to return to her native Arizona where she became committed to helping her community realize the dream of home ownership and understand their true credit potential. Find Alisa on LinkedIn @Alisa Glutz Find Alisa on TikTok @colourmycredit Find Colour My Credit on Instagram @colourmycredit Visit https://www.glutzgroup.com/ Visit https://colormycredit.com/ Subscribe on YouTube, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!
DoorGrow has changed a lot in the last few years. We've added tons of new features and perks for our clients as well as new coaches… including Sarah Hull, COO and property management growth coach. Join property management growth experts Jason and Sarah Hull to learn more about Sarah's role at DoorGrow, operations, and how you can scale your property management company. You'll Learn... [02:47] Sarah's Property Management Experience [05:19] Improving Operations and Cutting your Staffing Costs in Half [15:38] Why You Need an Operator in Your Business [22:02] Personality Types and Their Roles in a Business [27:24] The Clue that You Need a Better Team Tweetables “You can't build the right team around the wrong person.” “Here's the clue that you don't have the right team: your day-to-day is something you don't enjoy doing every day.” “Is the bruised ego worth a better, more profitable business that takes, a lot more off your plate and is less stressful?” “The most important person you'll ever hire in your business will be the operator.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Link Transcript [00:00:00] Jason: Here's the clue that you don't have the right team: your day to day is something you don't enjoy doing every day. If you're still wearing hats that you don't enjoy doing and you've built an entire team around you, and you're the wrong person in the roles that you're sitting in, then you've built the wrong team around you. You can't build the right team around the wrong person. [00:00:18] Welcome DoorGrow Hackers to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you're interested in growing in business and life, and you're open to doing things a bit differently then you are a DoorGrow hacker. [00:00:36] DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate gateway to high trust, real estate deals, relationships, and residual income At DoorGrow, we are on a mission to transform property management business owners and their business businesses. We want to transform the industry, eliminate the bs, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host along with Sarah here, property management growth experts, Jason Hull and Sarah Hull, the founder and CEO and the COO of DoorGrow. Now let's get into the show. [00:01:22] All right, so I'm already messing up the intro as I'm reading it because I'm looking and seeing her here in the screen, and I find her highly distracting. So, we were talking before we talked last night, we're like, what are we going to talk about on the podcast? And and then this morning, I said, what are we going to talk about? She says, I don't know, we only talked for like five minutes about last night, and we didn't come to a conclusion. So, I said, let's talk about you. Can I intro you and brag about you first? Sure, go ahead. So I wanted, I thought we would talk about Sarah today because she's probably a lot more interesting certainly to look at than myself and maybe to listen to. So I thought we would talk about her. So, I'll tell you a little bit about Sarah. So what's really amazing about Sarah and what I really like about her is that her wrists are really tiny. [00:02:10] Sarah: That's really, it is true. It's not not true. [00:02:14] Jason: My hands are not enormous. Dude hands. I buy child bracelets for her. I'm just kidding. All right, so [00:02:19] Sarah: I have a five inch wrist. So like I can take, I can actually wrap my my pinky and my thumbs and touch. That's about, and they overlap. So it's about this big. [00:02:31] Jason: Oh yeah. I can do the pinky as well. That's, yeah. Very small. [00:02:34] Sarah: I train a lot on the rest. Get them that way. [00:02:37] Jason: I do actually like that. I think it's a cute trait. All right. But I'm joking. What, what I really want to say is, so what's interesting to the audience is that Sarah has managed her own property management business. She has exited that. She sold it. Great job, by the way. Mm-hmm. And she managed a decent amount. At that size, most property managers have a team, like a full team, like five to 10 people I've seen. And usually at the stage, these companies are very unprofitable. Like this is the worst profit margin stage they've been at in their business. And they get stuck. And I call this area the second sand trap. They can't afford to really like expand or do more marketing or, and they're just not able to take a lot out of the business and, and their profits are all getting eaten up by staffing costs. Now Sarah had one part-time person, boots on the ground part-time and managed her business remotely part-time. Part-time, yeah. She was bored. Very. And people are like, well, these must have been really nice properties. These were C class properties? Duplexes, small plexes. [00:03:52] Sarah: Yes. We had a good mix of single family, duplex, triplex, and then I think we had maybe two that were like 10 units, which was kind of big for my area, but [00:04:03] Jason: Okay. Yeah. And so, what was your profit margin? [00:04:08] Sarah: Over 60%. Okay. 60% was a not great amount. [00:04:12] Jason: Okay, so a lot of you dream of that, right? And you think, how's that even possible? It's possible because one, Sarah is very efficient. She's a very good operator. That's why she is now the COO of DoorGrow. And everything in the business is better as a result of having her in the business. Everything's improved. But I wanted to qualify Sarah as a badass. Like she's really good at what she does, and she wasn't really connected to the property management industry. She just did what made sense to her. And she didn't really want to be talking to tenants and she didn't really want to be dealing with talking to the owners very often, and she just set up her business in a way that was very efficient. And so we'll be talking about that in the priorities training. So, Sarah also has come into DoorGrow and she runs all of our operations. She runs I everything that I've taught her that I like I've developed DoorGrow os and how we plan our cadence. She just knows it to the point where she can teach it. And she learned it all very quickly. And now she's the one that coaches clients how we did our hiring. She like has improved on that and built it out even more and teaches clients how we do hiring and so we help clients get all these systems in place to become more profitable and more efficient. Sarah does all that. So as an example, why don't you share the story of maybe Jade and Andrew. I think that's a great story. Because they were at a similar size of a business as you had had. [00:05:46] Sarah: Yeah, yeah. Well, they had about 188 units and they had 11 team members total, like 11. So really, really overstaffed. And some of them were in the office and some of them were VAs and we just really had to like dive in because they said, well, like, what are they doing? And they kind of gave me like a surface answer. Like, oh, well this person does this and they do this. And I said, yeah, but like, what are they really doing? Because with 188 leases, like, let's just pretend that. We had all hundred and 88 due in the same month with, which isn't going to be the case. We're going to, spread that over the course of multiple months. But if we had all hundred 88, due even in one month, I still can't figure out what, two or three leasing agents are doing with 40 hours a week every single week. So we are just really going through and trying to figure out like, who's doing what. And sometimes I find that either no one's doing something or two people are doing something. And if two people are doing it, just know that it's not getting done. [00:06:56] Jason: That's a 17 to one ratio. I just did the math. [00:06:58] So that's, that's for each, for every 17 doors, they have a team member. [00:07:04] Sarah: It was really bad. So we just kind of went through with them and figured out like, what is everybody actually doing? What should everybody be doing? And then how many people is it really actually going to take? And they they had a lot of meetings and discussions with each other and then like we kind of met a couple times throughout this process and they came to the conclusion that they needed to let go of about half of their team. And they did. And then once they did that, all of a sudden they're like, Hey, we're like profitable and we're making money. But when we first started talking with them, they said like, actually, we're losing money every month. Like we can't pay ourselves. We can't take anything and we're losing money. Like this business is costing me money to run every single month. Yeah, little uncomfortable situation to be in, especially because property management isn't, it's not easy, it's not a cake walk. You're not, like doing nothing all day. So if you're in a business like this, And it is complicated and it is challenging. Then the least you should be able to do is like get yourself a decent profit margin so that you can make sure that you're paying yourself and that your business isn't struggling to keep up with. [00:08:14] Jason: Drive this home. Sarah did one call with them and the result of that one call was, what? What are all the results? [00:08:21] Sarah: Well, on the one call, they realized, I have no idea what most of the people are actually doing. Like, they gave me the answer and I'm like, yeah, but how do you spend 40 hours a week doing that thing? [00:08:32] Yeah. And from there they realized like, we need to make major, major changes to our team. And most of these people are going to have to go. On the second call, that's when they actually decided to take action. Okay. And they got rid of, so. [00:08:47] Jason: The second call, which is she did this one call after that. [00:08:51] Mm-hmm. They fired half their team, half their team then, and as a result, their profit margin, which was not very good, which was negative, losing money, was then what? What did they get to? I didn't get their profit margin. Okay. It was significantly improved. Oh, no. Significantly improved. [00:09:09] Sarah: I know they weren't losing money anymore. [00:09:10] Jason: Yeah. Yay. All right. We'll have to get some stats on that cause I want to brag during the priorities training about that. All right. So, Sarah has been able to dramatically improve our clients' businesses and lives. One of the things she's also helped a lot of clients with is completely restructuring their teams. Mm-hmm. They just did two of them last week. Okay. Why don't you explain Yeah. Kind of what you've done. [00:09:37] Sarah: Mm-hmm. Well, all right, so one of them had about 360 doors and there were 1, 2, 3, 7 people on the team total. Which to some of you might sound like, yeah, that makes sense. And to me it's just, I'm like, there's too many people. And it was kind of like the same thing where everyone is saying like, oh, I'm so busy. I'm so busy, I'm so busy, and I'm looking at things going, I just don't understand what actually is is happening. Like, there's a lot of work that has to be done. It's like busy work. It's, it's like grunt work, but it's not, super helpful. It's just the things that are going to keep you afloat and that's like a bare minimum. So what we ended up doing is this client had one BDM, three property managers and then three assistants that were basically like assistant property managers. And we, he's like, I don't know if a lot of them are like good fits. [00:10:37] And I just, I, I really don't know what they're saying they're doing because they all tell me like, I'm so busy. I'm so busy, but what's actually happening? So when we kind of like dove into things, we realized like, you are overstaffed and very similar situation. He wasn't able to really take a lot out of the business because there was not a lot left. [00:10:57] Jason: Who is this? Kevin. Okay, so Kevin had three property managers. Mm-hmm. Each property manager and they were portfolio style. And each property manager had their own assistant. Yep. Because they were not, for some reason able to get done what they needed done. [00:11:13] And Kevin himself was having to do lots of things, put out lots of fires, and be involved in micromanaging everybody. And when I first shadowed, and-- [00:11:22] Sarah: he wasn't micromanaging anybody, there was nobody leading the team. [00:11:25] Jason: Okay. Kevin wasn't leading the team then? Nope. So what, Kevin? No one was leading the team. [00:11:30] Sarah: Team was just kind of doing whatever they thought was the right thing to do. [00:11:33] Jason: All right. Well, Kevin seemed pretty stressed out and what, yeah, and Kevin didn't have any personal support at all. Like nobody was helping Kevin with anything. He didn't even have his own assistant, but he got assistance for three people on the team that weren't very productive or efficient. So, what's the plan with Kevin? [00:11:53] Sarah: Yeah. So, half of those people are going too. So we decided the BDM is excellent, so we're going to keep the, the bdm. He is taking one of the people who was a property manager and she actually tests okay as a property manager on our assessment. But she tests better as an operator. She is like, is a better fit for kind of this operator position. So we're going to shift her into the operator role. We're going to keep one of the property managers to do all of everything. And then one VA who's going to be like an assistant property manager. [00:12:29] Jason: Where'd the BDM come from? [00:12:30] Sarah: The BDM was already there. Oh, okay. He was one of the seven originals. Got it. So he had three property managers, three assistants, and one bdm. Those were the seven. [00:12:39] Jason: Got it. Okay. Yeah. Cool. Yeah. Who's the other one you said there were two? Josh. Josh? Yeah. What's the deal with Josh? [00:12:46] Sarah: Josh had about 300 doors and his whole team was kind of like a hodgepodge of people. Not that he was super overstaffed, but just people weren't in the right seats. And when you have the right people, but you're not putting them to the best like use, then you kind of still run into issues. And Josh, same thing, no operator. There was no operator on the team and largely he was kind of handling operations and he is like, I don't mind doing it. I like doing it, but I don't want to be the only one doing it, and I don't want it to always fall on me. Mm. So what we're doing with him is he had a VA that he had let go, like right in the middle of our talks. And he said, Hey, I'm hiring a new va. I said, great, let's like test the new VA to see if they're going to be a good fit. And then he decided, like we shifted his team around a couple of times and like through the assessments realized and he had talked with you. This was the one that we took who he thought was going to be the property manager and then put her in the BDM role instead. Mm-hmm. Because he is like, well, I don't know how to like, make everything work. So now he's he's going to have like a whole different team structure. Not that he had to let anybody go. He wasn't like crazy overstaffed. It's just he still wasn't super profitable because he didn't have the right people in the right spots. And he didn't have anyone doing the operations. Mm. You can get as big as you'd like, but if you don't have someone handling the operations, and this is that back end piece, this is not front end stuff, like everyone always, this is what we start with, is we start doing front end stuff. Because when you start your business, you are doing the front end stuff, you're doing the leasing, and you're doing the showings, and you're talking to tenants, and you're handling the maintenance. [00:14:37] This is all the front end stuff. This is the stuff that absolutely must be done just to make sure that the business runs. When your business reaches a certain size, you now need to have someone doing the backend stuff. Mm-hmm. And if you're not having anyone doing like the backend stuff, which is like, hey, making sure that everyone on the team is following the same direction and everybody is contributing to the vision of the CEO and running things like your daily huddles and your strategic planning and doing hiring and firing and getting job descriptions, doing team reviews like. For those of you that are hearing all of this and you're going, blah, that sounds horrible, then it means you're probably not the operator. And at some point, if you're not an operator, it's okay. Jason's not an operator, like he doesn't like that. It's not his brain functions. So you need the counterpart whose brain does function like that, and that would be me. [00:15:29] Jason: I like to build out the systems and I must have been mis mixing up Josh's team. I think you did team with Kevin, so I think you did. Yeah, I remember Josh. So the most important person you'll ever hire in your business will be the operator. That's very true. And because visionary entrepreneurs do not like the details. I like building out the systems. I like creating DoorGrow, hiring and DoorGrow os and these systems. But I don't want to run them in my own business. I want someone else to run them because running those things is not as fun and it actually, the results are not as good because especially with planning, if I run all the planning, it's not as good. Bad, and so bad. [00:16:09] Sarah: There was one week where I couldn't run the planning meeting because I was on a flight and I said, can you just run the planning meeting? And he did it. And I came back and I was like, I don't know what happened in here, but this is bad. [00:16:20] Jason: It was okay. I did just fine. It was bad. So the issue-- just fine. The issue is it's not fun for me to run the meetings, but also when it comes to like actual strategic planning, we as the visionary or as the main leader of the business, or even as the operator, we have to be the last to speak. Otherwise, we influence things. And if I run the meeting, it's really hard for me not to say certain things and not to steer things a certain way. [00:16:48] And so I don't get as valid of feedback from the team. I don't get as valid of information. So what happens is as visionaries, a lot of times we think we have all the best ideas. And it's not generally true, right? Our team members are closer and more connected to what's actually happening on the ground, and they can see things we can't see, and they have ideas that we don't have, and they can share these things with us, and we can get their buy-in into the plan if they help create it. [00:17:16] But when we are just top down pushing everything, because we think we're the visionary, and this is one reason I really don't like EOS. One of the big fundamental flaws in EOS is they intentionally overinflate the ego of the visionary. The visionary has all the best ideas and they're so important, and that feeds the ego and it helps them to sell integrators, which in their accountability chart, they place the visionary at the top, and then they have a line going down. And this is just a fancy name for a stupid org chart that doesn't make sense, but you have the visionary connected to the operator. Which they call an integrator. And the integrator then is connected to everyone else on the team. This is one of the most flawed structures I've ever seen, and nobody runs their business this way because integrators or operators are not the people that should be over sales and marketing generally. They're not the people that, because they have a very different personality type, they're opposite. And they want to conserve and they want to make sure money is handled well and they don't want to take risks and they don't want to, like, this is more stuff for maybe your head of sales and marketing or maybe your BDM or whoever you want to place in your executive team. They're really usually equals, but they have to report their stats. Everybody reports their stats to the operator. And so the challenge is we have to have a system in which the team can all give feedback and give information first, and it isn't top down. It's really bottom up. And this is how we designed DoorGrow Os and why people that come from the EOS system get a much bigger result and a bigger yield from their team and much more profitability than they were able to get under u s or traction or rocket fuel, right? [00:19:00] These are some of the things that Sarah's able to do with some of our clients. And I have to say, it's amazing to be able to have somebody that I can trust to not just understand all this stuff. Because she, she's super sharp but also to be able to teach it to clients and to be able to help clients work through all of this and trust that it's just going to be handled and that's really what we want in a great member of our team or in a business partner. [00:19:25] Or with anybody that we work with, we want people that we can trust to just handle stuff and to do it well. Sarah does it really well, so, what else should we say about you? [00:19:36] Sarah: I think that's just how my brain works. Like every job that I've ever worked before I owned my own business, I would be there for a little bit and it was super clear to me like, Hey, if we make these changes or if we do these things differently, or if we just shift this a little bit, it's going to be better and here's how it's going to be better and why. [00:19:55] And it's so frustrating for me when you know, like I was at multiple insurance companies. Before like I kind of got into property management and I on all of them, I was like, oh, we could just do it like this. Well, we don't do it like that. I'm like, I know you don't do it like that, but you should do it like that and here's why. And when it's frustrating for me where I'm like, oh, you could just make these changes and you could do things like this. And this is just how I think my, my brain is just wired to work. because I can like look at the overall picture of things and I'm like, well, why do we do things like this? You could do it like this instead and we should change this and this should be different. And that's really good. This is really great. Keep this, but change this little thing. And then these are the results that you'll have. And at all of the insurance companies I had worked with prior, I had like made some suggestions and they're like, oh no, we're not going to do that. We can't do that, we can't do that. So I think looking back, it's funny for me because I'm like, oh well yeah, I was kind of, almost like destined to like get in and, and run my own business because then if I think, Hey, we should do things like this because of this, then I can just do them. I don't have to go and ask like, oh, hey, can I really think this would help your business? Like, we can do it. And they're like, no. [00:21:08] So now, like, just looking back, I'm just able to kind of pick it apart and see things that sometimes other people don't see because you're just, you're too close to it. Mm. And, and it's it's personal for people too. They're like, oh, this is my business and I'm really proud of it and this, I worked so hard and I know, like, I know what goes into running a business. Like I know it, blood, sweat, and tears doesn't even begin to cover it. I understand that. And that being said, I think that's one of the reasons why you should be looking to improve it. So if you can make a few small changes, like your, your ego might have a little bit of a bruise, right? But is it worth the trade off? Like, is the bruised ego worth a better, more profitable business that takes, a lot more off your plate and is less stressful? So for sometimes, sometimes people are like, no. I don't want that. I just want to know that I have all the answers and I'm right all the time, and that's okay. [00:22:02] Jason: All right, so what's unique about Sarah, and some of you might identify with her a little bit. So in Myers-Brigg, she's probably an INTJ. [00:22:13] Sarah: Well, not probably, I'm like the epitome of INTJ. [00:22:16] Jason: So INTJ. Is very intuitive. They are introverted. They're a thinker and they're judging. Now INTJs are because they're super intuitive. They're called the strategist because they're logical and they figure out solutions to things, but what's I think really in interesting, and I think there's women's intuition and she's very intuitive. She just knows things without knowing why it's true. Mm, yeah. Like she's like, there's a problem over here in the, in our business or there's a problem over here and I don't know why, but it, something's not right. So. And what's frustrating is I will say no. I don't see it. Like everything's fine. And she's always right. She loves when I say, you were right. She loves it a little too much by the way. But she's usually right. And so I've learned to trust her intuition tuition and sometimes I think our unconscious. Has a lot of information and can process a lot more than our conscious mind can and picks up on little details and things. Mm-hmm. And has worked some things out and just knows things and it bubbles up to the surface of our conscious mind and we're like, Hey, something's off here. And she gets these flashes of intuition that when there's like some sort of threat and things like this as well. So I've learned to trust your intuition because it's proven accurate multiple times. And I've always considered myself fairly intuitive in the business, but her intuition is kind of next level. And so I think being able to trust your gut and having a partner in the business or some, or an operator that you can trust, their gut can have a significant impact as well. [00:23:52] So I'm a bit opposite of her. I'm an ENTP. So we both are the intuitive, which is the n and we're both thinkers. Thinkers. But. I am a bit more extroverted probably. Even though I really feel like an introvert a lot of times, but I like need to be around some people occasionally. [00:24:12] Sarah: Well, I know, but you usually like will kind of, you'll you'll break in that arena before I do. You're like, we like I just want to get out of the house and be around people and I'm like, oh, I don't. [00:24:22] Jason: Yeah. And then I'm definitely more, we think very differently. Like very differently. Mm-hmm. I'm perceiving and you're judging and perceiving means my desk is chaos right now. If you could see it. And it means I love pulling in ideas from lots of different places. I have a crazy variety of books on the bookshelf over here. I've like, I pull in things from a lot of places to formulate my thinking. Then I'm able to formulate some new ideas and I'm very creative that way. And that's part of, I think why we have such great IP at DoorGrow. I get a lot of coaching and a lot of input from different sources and we improve those ideas and we have, I think, the best ideas and innovate the quickest in the coaching space in this industry period, maybe out of a lot of coaching businesses. We consult and share ideas with other coaches and coaching businesses as well that we're in Masterminds with. I don't want to do all the implementation. I don't want to make sure everything gets done. And so I'll be like, Hey, here's this great idea, but Sarah also brings really great ideas to the table. She's like, Hey, I had this idea. And then she'll just rapidly implement, like she just gets it done. She's like, Hey, let's do this premium Mastermind event and have people, we'll rent out an Airbnb and we'll get people to go and we'll do this and it'll be awesome. And I'm like okay. And she just makes it happen. Sells all the tickets to it, gets everything organized. I just showed up and got to look cool and she made it all happen. [00:25:50] He's like, what are we doing at this event? [00:25:52] I showed up, I'm like, so what are we doing? [00:25:54] He's like, what are we even doing? I'm like, just-- [00:25:56] I'm like, okay, Sarah's leading this. So that was our last DoorGrow Live too. Like Mar-- Yes, that's true-- my assistant who did a lot of planning and Sarah like, handled some of the details and ideas and I was just like, all right, I'm just here. I'm the tech guy. [00:26:11] Sarah: Just when we call your name, get to the stage, just go up there. [00:26:14] Jason: Yeah. When, when it's your turn, Jason, you go speak and talk about something and I did. So that's kind of how we work together. So, what else should we say about Sarah? She's still working on getting her last name changed because it was Hall and she's switching it to Hull. [00:26:31] Sarah: Well, right now, I really don't know what it is. Yeah. Truly. I don't know because the Social Security office has me as Hull. [00:26:39] Jason: So you got to change. Yeah. To my last name. [00:26:41] Sarah: Yeah. But the DMV is like, so super booked out. [00:26:46] Jason: So not, not in Texas yet. Your license doesn't say it yet. [00:26:50] Sarah: No, no. Not my license doesn't say it yet, but my social security card does. [00:26:56] Jason: So, and your social media, I think you've changed most of it. I changed it before. Long before this. Yeah. So, but Hall's her ex-husband's last name, so yeah. So I'm trying to like, he's trying to buy a vow. I'm trying to buy that vow. I think I paid for that vow. What's on your neck and on your finger. And I think I've, I think I've accomplished that. I don't know. I don't know. So, cool. And I don't know what else, what else should we say? [00:27:24] So Sarah's one of the key coaches in our business here at DoorGrow. Our mission is to transform property management, business owners and their businesses, and she does that like, she helps to do that. She runs a lot of the group coaching calls when I'm focused on other things in the business, which is awesome that I have somebody I can trust to do that at a really high level and to do it really well and clients really appreciate her test. [00:27:49] Sarah: When you're busy, I run the whole scale call. Yes, every single week. [00:27:54] Jason: Well, you do. You go beyond that. You also run some, some of the other calls that I-- Yeah, for sure. I used to run every call. You can run every call. So, yeah, which is awesome. All right, well I think, for those of you that you want to experience some of the magic of Sarah and improve your operations, you're struggling with things, your profit margin is not what you wish it would be, and you think you need more kPIs and micromanaging and to like squeeze more juice out of your team. That's probably, there might be a little bit of truth to that, but generally you'd probably need a better team or you need to optimize your team and that's one of the most profitable changes you should make first before you start messing with micromanagement, KPIs, more pressure, stuff like that. You need to make sure first you have the right team, and here's the clue that you don't have the right team: your day to day is something you don't enjoy doing every day. If you're still wearing hats that you don't enjoy doing and you've built an entire team around you, and you're the wrong person in the roles that you're sitting in, then you've built the wrong team around you. [00:29:05] It's pretty obvious if you look at it from that perspective. You can't build the right team around the wrong person. Can't build the right team around the wrong person. So, we can help you make sure first, who are you, we can help you figure that out, and what do you really enjoy? And we have processes for that. And then we can start to build the right team around you so that you are supported and you get to move closer and closer to having more fulfillment in your day-to-day. More freedom, more contribution, and more support. And then your team members will be able to have those four things and you'll get probably three times the output from those team members. And that's the biggest expense and that will give you the biggest profit in your business if you can get these systems in place that we can help install. With DoorGrow OS and DoorGrow hiring and DoorGrow Flow and DoorGrow, CRM and DoorGrow. What am I missing? Flow hiring, crm, you said all of software. Those are our software. Okay, cool. Which we call our super system. So we're going to be doing this event on the 22nd, talking about priorities and how to increase your profit margin and how to decrease operational costs. We hope to see you there and or watch the replay if you see this later. Make sure to reach out to DoorGrow if you would like to experience some Sarah Magic. And until next time to our mutual growth, everyone. [00:30:26] Jason Hull: You just listened to the #DoorGrowShow. We are building a community of the savviest property management entrepreneurs on the planet in the DoorGrowClub. Join your fellow DoorGrow Hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead content, social direct mail, and they still struggle to grow! [00:30:53] At DoorGrow, we solve your biggest challenge: getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from today's episode on our blog doorgrow.com, and to get notified of future events and news subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow Hacking your business and your life.
It's time to explore the potential of the dialer and seize AMAZING opportunities. If you have a clear vision of the life you aspire to, don't abandon it; take action and achieve it. Rest assured that success is within your reach. We are thrilled to introduce Ishi and Morgan, a dynamic duo from Nashville who have transitioned from their previous 9-to-5 jobs to become experts in real estate investment, specializing in land and duplex properties. They have not only found remarkable success but are now earning six figures through their massive deals.With the help of Brent's TTP training program you can achieve the same level of success as a real estate wholesaler. Schedule your call to learn more about the program today!----------Show notes:(0:54) The beginning of today's episode.(4:28) How do they easily find vacant lots?(9:58) Moving to Nashville and getting into real estate.(13:56) Find properties that are under contract and start submitting some backup offers.(18:40) The advantages of having a high-equity absentee owner list.(22:39) You need to personally talk to a thousand property owners before hiring anyone.(26:12) Analyzing a $280,000 "accidental" deal.----------Resources:BatchLeadsPropstreamDealMachineFollow Ishi on Instagram hereFollow Morgan on Instagram hereWant to learn more? Check out our TTP training program.To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Charges have been filed against 5 teens who are suspected of robbing a 7/11 in Bellevue, a woman is dead after a shooting in unincorporated King County near Kent, the ability to build Duplexes, Fourplexes, and Sixplexes have been signed into law by Governor Jay Inslee to help with population growth, Know It All Segment // Two Bigfoot Java's had robbery attempts overnight by who are suspected to be underage individuals, Chinatown International District is now named an endangered area by the National Trust for Historic Preservation, Ray Liotta's cause of death revealed as atherosclerosis // California has decided to give millions of dollars to reparations from slavery, a warm stretch of weather is coming to Washington, Meteorologists say there is a 60% chance that this will be a warmer and dryer summer this yearSee omnystudio.com/listener for privacy information.
In this episode of Gathering The Kings Podcast, Chaz Wolfe sits down with Joe Sullivan, a multifamily real estate investor and entrepreneur who has made it his mission to take charge of his own destiny. Having started investing in real estate just four years ago with duplexes in KC, Joe has since acquired 1400 units across several midwestern states. He explains the levels of financial freedom and the importance of avoiding shiny object syndrome, highlighting how he lives his life with intention and purpose, being very intentional with his time, energy, and attention.Throughout the episode, Joe shares valuable insights and tips on how to get started in real estate, the importance of education, and how to achieve success. He also talks about the transfer of courage, self-management in multifamily, and the benefits of goal-setting. Whether you're a seasoned investor or just getting started in the industry, there's something for everyone in this episode. Listen in now to gain valuable insights and take simple actions towards building your wealth through real estate investing.During this episode, you will learn about;[0:00] example of time stampsNotable Quotes"Once you get in the game, you inevitably surround yourself with people who are doing it at a higher level." - Joe Sullivan"Masterminding is just about surrounding yourself with like-minded people." - Joe Sullivan"For us, it's just a matter of putting it on the calendar and not making exceptions." - Joe Sullivan"My whole point through the education of the podcast is to get somewhere, meet somebody, and get yourself leveled up as far as your network goes." - Chaz Wolfe"I don't believe in balance. I believe that the things that make us successful in business are the same things that make us successful in our family, which is obsession." - Chaz WolfeBooks and Resources Recommended:"Rich Dad Poor Dad" by Robert Kiyosaki can be purchased on Amazon via this link: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194"Who Not How" by Dan Sullivan can be purchased on Amazon via this link:https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151Let's Connect!Joe Sullivan:Website: https://joeydts.comFacebook: https://www.facebook.com/joe.sullivan.148116Instagram: https://www.instagram.com/joey_dtsLinkedIn: https://www.linkedin.com/in/joeydtsEmail: joe@joeydts.comChaz Wolfe (Host): Linktree: https://linktr.ee/chazwolfe?utm_source=linktree_admin_shareWebsite: www.gatheringthekings.comFacebook: https://www.facebook.com/chazwolfe/Instagram: https://www.instagram.com/gatheringthekings/LinkedIn:
Duplexes, fourplexes, sixplexes… oh my. House Bill 1110 is headed back to the House after a Senate vote. And if the two bodies can come to an agreement… well that means density is coming to a neighborhood near you.KUOW's growing pains reporter Joshua McNichols is here. He'll help us read the fine print on the Middle Housing bill.Need a refresh on this bill? Listen to previous episodes here and here.Find more information about Kia and Hyundai steering wheel locks to be given away here.We can only make Seattle Now because listeners support us. Make the show happen by making a gift to KUOW: https://www.kuow.org/donate/seattlenowAnd we want to hear from you! Follow us on Instagram at SeattleNowPod, or leave us feedback online: https://www.kuow.org/feedback
Demand for badly needed housing has triggered another ban on single-family zoning. Lawmakers in Arlington County, Virginia, approved a controversial plan to eliminate single-family exclusivity, and allow as many as six homes on one property. The decision came after a contentious three-year debate, and is part of a growing trend to dismantle the long-standing concept for single-family communities. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review. The policy was unanimously approved by a five-member county board after a battle that included a so-called “Missing Middle Housing Study.” The missing middle is a phrase that refers to housing that falls between apartments and single-family homes. It covers several kinds of housing including townhomes, duplexes, and triplexes with more space than apartments. It could also include backyard cottages or in-law units which are more officially known as accessory dwelling units or ADUs. Divisive Debate Over Single-Family Zoning Ban As reported by the Washington Post, some Arlington County residents supported the idea, saying a ban on exclusive single-family neighborhoods would increase affordable housing options and diversify their communities. Other residents argued that it would lead to overcrowding, lower property values, and the destruction of their lifestyle and neighborhoods. (1) Arlington County is a desirable part of the greater Washington, D.C. metro with a growing population and a growing demand for more housing. The county's board chair, Christian Dorsey, said the ban will help the county address population growth, and move past the “discriminatory noise” within zoning rules. He says: “Growth and change are not good or bad, they just are.” And, he says: “It's our responsibility to make sure we accommodate that – to make sure that it works well for as many people as it possibly can.” New Rules Among the Most Permissive in the Country The new rules are some of the most permissive in the country. Contractors will be allowed to put up to five or six homes on lots that range in size from 6 to 7,000 square feet. Smaller lots will have a limit of 4 units. Height, lot coverage, floor area, and setbacks will remain the same. According to Wikipedia, single-family zoning has been around since 1916, and began in the Elmwood neighborhood of Berkeley, California. The story goes that a real estate developer in the Elmwood district pushed for single-family zoning rules to prevent a dance company owned by a Black resident from moving into homes that he was trying to sell. He apparently pushed for single-family zoning with the help of other developers who were also trying to keep certain groups of people out of the neighborhood. Growing Opposition to Single-Family Zoning More than one hundred years later, the concept is now wavering under the weight of the housing crisis, and the idea of banning this kind of exclusive zoning is gaining momentum across the country. According to BisNow, at least three states and eight municipalities have passed bans on single-family-only zoning. The city of Minneapolis was the first to implement a ban in 2018. The state of Oregon followed in 2019. Several cities in California banned that kind of zoning, but state lawmakers approved a bill in 2019 called Senate Bill 9. That legislation makes it legal to have two units on a single-family property, and in some cases, four units. The state of Maine adopted a ban last year. The Washington State House of Representatives just recently passed a bill that would ban single-family zoning statewide, but it still needs approval from the state senate and the governor. (2) The policy in Arlington, Virginia, goes into effect on July 1st and will be phased in over five years. During those first five years, only 58 permits a year will be approved. The cap will be lifted in 2028. This kind of ban opens up opportunities for homeowners to be coincidental landlords if they build additional housing on their properties, and rent them out. You'll find links to the Washington Post story in the show notes at newsforinvestors.com. Please remember to join RealWealth by clicking on the “join for free” button. As a member, you'll have greater access to investing opportunities in desirable rental markets across the country. That includes our investor portal, our market data, and our experienced investment counselors. You can also find out more about our spring real estate tours in metros that are popular among single-family rental investors, and our mastermind events to help get you on the path to long-term wealth. If you haven't subscribed to the podcast, please do so! And leave us a review! Thank you! And thanks for listening, Kathy Show Notes link: https://www.newsforinvestors.com Join link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20Link Subscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715 Links: 1 - https://www.washingtonpost.com/dc-md-va/2023/03/22/arlington-missing-middle-vote-zoning/ 2 - https://www.housingwire.com/articles/wa-house-passes-bill-that-would-ban-single-family-zoning/
Crazy stuff is happening in our economy today, including big bank collapses. A lot of people are freaking out, but I'm happy to be here. Having multiple streams of income and working for myself allows me to follow the opportunities and adjust during times of crisis. Wealth and money never disappear, they just transfer. One thing I love about real estate is that whenever something's not working in the market, that means something else is. Jim Park is doing something really cool with vacant land: he's buying up property and putting duplexes on them. He's pre-selling them and there's a huge demand, especially in Florida where he's most active.Jim started out back in 1994 in California as a mortgage broker and he had a nice run in the industry. When the market crashed, he burned out and started to focus more on digital marketing. Jim eventually got into the duplex model and has been seeing massive success with his strategy. Jim and I discuss how his strategy solves both investor and buyer problems in today's market and why there's such a huge demand for duplexes. Right now, there's a small window of opportunity and it might be the perfect time for you to jump in.What's Inside:—Jim's house hacking strategy with vacant land and duplexes.—Why there's so much current demand for duplexes.—How to get in touch with Jim for more info.
Market Proof Marketing · Why Marketers Shouldn't Target Themselves Kevin Oakley, Andrew Peek, and Jackie Lipinski discuss how marketers can identify their own marketing biases and learn to keep an open mind, they explore the differences between how we think how people typically search for non-single-family homes versus how they actually start their home search, plus Facebook's subscription plans.Story Time (2:35)Jackie talks about the google search volume for Twin Homes, Duplexes, Villas, Duets, Paired Homes, Townhomes, etc. and how we think people search for those homes vs. how people actually start their home search.Andrew discusses two companies offering the same product for sale with different curated offerings. Can you guess which company thrived?Kevin discusses how marketers' personal biases might influence how their company approaches new marketing strategies. In The News (23:50)Mark Zuckerberg announces Meta Verified subscription service for Facebook and Instagram following Elon Musk's Twitter Blue (https://fortune.com)Adland on alert after Meta Verification announcement sees surge in ‘deactivate' searches (www.thedrum.com)U.S. mortgage interest rates jump to highest level since November - MBA (www.reuters.com)CoStar breaks off talks for Move, Inc. (https://therealdeal.com)Questions? Comments? Email show@doyouconvert.com or call 404-369-2595 and we'll address them on the next episode. More insights, discussions, and opportunities can be found at Do You Convert All Access or on the Market Proof Marketing Facebook group.Subscribe on iTunesFollow on SpotifyListen On Stitcher A weekly new home marketing podcast for home builders and developers. Each week Kevin Oakley, Andrew Peek, Jackie Lipinski, Julie Jarnagin, and other team members from Do You Convert will break down the headlines, share best practices and stories from the front line, and perform a deep dive on a relevant marketing topic. We're here to help you – not to sell you! The post Ep 265: Why Marketers Shouldn't Target Themselves appeared first on Online Sales and Marketing for Home Builders - DYC.
Jason Yarusi is the founder of Yarusi Holdings with his wife Pili. They have acquired $180M in real estate across 1500 Multifamily Units since 2017. He is an avid ultra runner and workout enthusiast. Hosts The Multifamily Live Podcast and The Jason and Pili Yarusi on YouTube Top 3 Value Bombs: 1. Everyone has something to offer. You may not have the money but you have the time to learn and find opportunities. Think of yourself as an opportunity provider. Your limitation is just on your mind. 2. Surround yourself with good people. Take action. With action, you get better questions and better results. 3. With multi-family real estate, you have cash flow from your tenants paying rent, which pays for your expenses, mortgage, and anything remains becomes cash flow. As tenants pay rent, they slowly pay for your building. Download Your Free Passive Investing Guide and Schedule Your Passive Investing Call Today - Passive Investing Introductory Call Sponsors: HubSpot: A platform that's easy for your entire team to use! Learn how HubSpot can make it easier for your business to grow better at Hubspot.com! ProsperSpark: Anything and everything you can imagine in Excel, ProsperSpark can create and deliver it for you! Book a free project call today at ProsperSpark.com/fire! Mention Entrepreneurs On Fire to receive a 10% discount up to $1,000 on your project or service agreement! Closers.io: A world-leading sales training and certification company. For more info on their sales certification visit Closers.io/eof!