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25 episodes with fourplex
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2 episodes with fourplex
2 episodes with fourplex
3 episodes with fourplex
2 episodes with fourplex
Brandon Wright is the Co-founder and CEO of Tongo, the company he co-founded to help Real Estate agents address cash flow challenges by providing financial tools such as a commission line of credit and a payroll solution to help stabilize their incomes and automate savings. With a deep understanding of the challenges faced by agents and commission-based earners, Brandon has led Tongo in creating innovative solutions that provide liquidity and flexibility, empowering users to manage cash flow effectively. He began his career at Smith Barney in Seattle, Washington, working under renowned contrarian value investor Jamie Dimon, current CEO of JPMorgan Chase. He then ventured into entrepreneurship, starting a coffee shop in Seattle. Brandon then pursued an MBA at Cornell and joined private equity firm Vista Equity Partners, where he implemented best practices across their software portfolio. Leveraging his experience, he co-founded a company that used AI to build decision engines for lenders, ultimately transitioning into developing a buy now, pay later solution for e-commerce called Catapult.(01:09) - Brandon's Journey in Financial Services(06:28) - The Birth of Tongo(07:48) - Challenges in the Real Estate Market(11:09) - Tongo's Financial Solutions for Agents(16:26) - Feature: Pacaso - Luxury vacation home ownership, elevated. Join Pacaso's growth and become an investor of a venture-backed company at Pacaso.com/invest(18:12) - Success Stories & Future Plans(21:32) - Lowering risk with data availability & efficient distribution(27:27) - Impact of NAR Lawsuit on Real Estate agents & investors(35:07) - Feature: Blueprint - The Future of Real Estate 2025(35:54) - NYC Housing Market & FARE Act(40:43) - Collaboration Superpower: Jamie Dimon (Wiki)
Taxpayers are ornery after the City of Winnipeg proposed a 5.9% increase to their property taxes. Finance Chair Jeff Browaty joins us in Episode 37 to pitch service improvements that he and Mayor Scott Gillingham say their budget will deliver. 7.15 Part 2- Coun. Jeff Browaty says that while in theory the law requires the city to have a balanced budget, escalating costs like overtime for firefighters and transit operators have wiped out the rainy day fund. While his budget proposes $41M in savings across departments, "if we don't have enough revenue, we're going to have to start closing down the amenities people appreciate." Browaty addresses raising transit fares, new payment options, and 311 wait time improvements, but admits, "it's ridiculous that there's certain things that are failing residents and it's unacceptable." 14.00- Browaty confirms the poll Gillingham cited as proof there's support for the budget only surveyed 400 people, in a city of over 800,000. With affordability an issue, raising taxes was "the last thing we wanted to do" but other levels of government benefit from inflation while "fire trucks are being purchased in US dollars." 17.40- Marty asks why city councillors aren't tightening their belts with wage or ward allowance rollbacks. Browaty airs some criticism of the spending of other council members. To Donate via E-transfer, Cash and Cheque contributions, Ads & Sponsoring segments, please Email - Martygoldlive@gmail.com 20.05 Part 3- Former Mayoral candidate Don Woodstock sent an email to council members on December 9 about the City needing a DOGE approach to reduce the cost of civic governance. Listen to Browaty explain a new process that will "drill down into the nitty gritty" on "big cost departments", to find more government efficiencies, such as lowering fleet costs. 23.15- "Nothing's off the table" for consideration, including Woodstock's proposal for the city resuming operation of an aggregate recycling program. Browaty is asked about Don's other proposals, like pulling performance bonds on errant contractors- "we should probably better stay on top of it." 25.00- The North Kildonan councillor had asked to appear on TGCTS in October (a top 20 episode) to warn Winnipeggers that water and other costs and fees were spiraling out of control - we ask about the North End Water Treatment Plant. He mentions other projects including Centreport and Parker Lands/Rapid Transit. 28.40 - What's going on with spending another $1.2M on Goulet? "I'm not sure because Goulet I think was basically completed. " When asked if it could be the installation of an unconsulted bike lane, Browaty spoke about his view of the misnomer of winter cycling- "I believe it's a waste"- using seasonal infrastructure, where new lanes should go- and where they rank as a spending priority. He gives a history lesson of the booddoggle of the Assiniboine bike lane in 2010. 33.10- We asked Browaty if money refendums could bolster public confidence in civic democracy. He explains why he agreed to postpone the blanket Fourplex rezoning hearings. * The Season 5 Funding Drive is within $700 of the target- use the Donate tab to contribute today! 38.10 Part 4- A review and updates on Marty's Sun reports and columns, and audience comments, including- 47.00 Evidence safe consumption sites bring more crime and disorder can't be ignored https://winnipegsun.com/news/local-news/gold-evidence-safe-consumption-sites-bring-more-crime-and-disorder-cant-be-ignored 49.00 Lukes' Christmas gift to Transit scofflaws- keep ridin'! https://winnipegsun.com/news/local-news/gold-lukes-christmas-gift-to-transit-scofflaws-keep-ridin You'lll hear about Ottawa's ticket blitz on freeloaders, with over 1900 fines issued. 55.15 Living Near Jubilee Station Risky for Women and Kids https://winnipegsun.com/opinion/columnists/gold-living-near-jubilee-station-risky-for-women-and-kiids Will Coun. Shaun Dobson get his 'Winnipeg Committee for Safety' on the case?
Caren Maio is the CEO and co-founder of 100, a Proptech company tackling rental fraud for Multifamily owners and operators. A staggering 93% of operators have experienced fraud in the last 12 months, and Caren and the 100 team are on a mission to stop it. Prior to this role, she led Moved, and co-founded and led Funnel (previously Nestio), a leasing and marketing platform for Multifamily properties, where she served as CEO and President for 11 years. Under her leadership, Funnel was recognized as one of Entrepreneur Magazine's "Best Entrepreneurial Companies in America." Caren's expertise has earned her features in publications like The Wall Street Journal, Bloomberg, and Forbes. Caren is also a member of the Forbes Real Estate Council and, before her entrepreneurial ventures, she held sales and marketing positions at The Wall Street Journal and Nike.(02:01) - Inman's Proptech Awards(04:52) - Caren Maio's Journey to 100(06:27) - Understanding Renter Fraud(10:44) - Tech stack & Partnership with CLEAR(14:41) - Feature: Pacaso - Luxury vacation home ownership, elevated. Join Pacaso's growth and become an investor of a venture-backed company at Pacaso.com/invest(17:22) - Business Model & Market Strategy(21:53) - Unexpected Proptech Alliances(22:52) - Proptech fundraising: challenges & advice for first-time founders(34:04) - Feature: Blueprint - The Future of Real Estate 2025(38:42) - Collaboration Superpower: Betty White
Taylor Hou is the CEO and Chief Happiness Officer at APM Help, a company serving over 300,000 single family homes nationwide dedicated to professionalizing the single family property management industry by bringing clarity and efficiency for accounting and operations. A serial entrepreneur and tech investor, Taylor is passionate about applying lean startup principles to create process efficiencies in tech and startups. With a focus on streamlining products and services for an optimal user experience, Taylor thrives on improving systems and building better processes to make them more effective and impactful.(00:56) - Taylor Hou's Background and Journey(02:43) - Evolution of Property Management(04:34) - Challenges in Property Management Roll-ups(13:45) - Feature: Blueprint - The Future of Real Estate 2025(14:35) - Institutional SFR's Impact on Housing(18:46) - APM Help's business(28:36) - Current Success & Future Innovations(31:25) - Embedded Banking Opportunity(34:23) - Unlocking Liquidity in Rental Housing(42:34) The Future of Property Management Tech(47:45) - Collaboration Superpower: Masayoshi Son (CEO of SoftBank, Wiki)
ABOUT NEAL BAWANeal Bawa is CEO / Founder at Grocapitus and Mission 10K, two commercial real estate investment companies. Neal's companies use cutting-edge real estate analytics technology to source and acquire OR build large Commercial properties across the U.S., for over 1,000 investors. Neal shares his team's unique and cutting-edge real estate data methodologies to connect with geeky and nerdy (or just data-driven) investors who share his vision – that data beats gut feel by a million miles. Over 10,000 real estate investors have taken his free Real Estate Data Analytics course on udemy.com and the course has over 1,000 five-star reviews. Neal speaks at dozens of real estate conferences across the country and virtually online. Neal believes that we are at a turning point, where traditional commercial real estate will combine with Proptech and Fintech technology disruptors, and will truly reach its potential as a tradable, highly liquid asset class that will rival and eventually beat the stock market in its size and scope. THIS TOPIC IN A NUTSHELL: Neal as the “mad scientist” of real estateHow Grocapitus startedWhat is mission 10k?Acquisition and Development Challenges of interest rates spikeHis Insight on the real estate market in the next two years How to Forecast Housing Demand and Supply Knowing the different markets to investEffect of the spike of interest rates on DevelopmentFED's role in rates and impact on the economyAbout the Super Value Add Deal Location, metrics, and what they like about the propertyRaising capital Value Add Implementation and ReturnsChallenges encountered along the wayConnect with Neal KEY QUOTE: “A lot of times you'll find opportunity in a deal, but you have to be able to follow through and solve challenges. You constantly try to look for solutions to every problem. That is the true value we created there.” SUMMARY OF BUSINESS: Grocapitus Investments is a very fast-growing Multifamily Real Estate Investment company based in Fremont, CA. Grocapitus sources, acquires, manages, and develops large Multifamily, Build-to-Rent, and Fourplex communities in many states across the U.S. We help people become financially free by investing in apartment buildings, student housing and self-storage properties in high-quality markets nationwide. We also build best in class new construction multiplexes and student housing. ABOUT THE WESTSIDE INVESTORS NETWORK The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication. The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com. #RealEstateInvesting #RealEstate #Syndication #AparmentInvesting #MultifamilyPortfolio #AssetManagement #MultifamilyInvestment #CommercialRealEstate #CashFlowing #PropertyManagement #MarketShift #DownTurn #Acquisitions #AssetUnderManagement #MarketInsights #MarketPrediction #DataAnalytics #DataDriven #RealEstateDataAnalytics #DataMethodologies #MadScientist #MadScientistOfMultifamily #DataGuru #RaisingCapital #RealEstateInvestment #RentalProperty #PassiveWealth #WealthBuilder #InvestmentInsights #JoinTheWINpod #WestsideInvestorsNetwork CONNECT WITH NEAL:Website: https://multifamilyu.comGrocapitus Investments: https://grocapitus.comLinkedIn: https://www.linkedin.com/in/neal-bawa CONNECT WITH US For more information about investing with AJ and Chris: · Uptown Syndication | https://www.uptownsyndication.com/ · LinkedIn | https://www.linkedin.com/company/71673294/admin/ For information on Portland Property Management: · Uptown Properties | http://www.uptownpm.com · Youtube | @UptownProperties Westside Investors Network · Website | https://www.westsideinvestorsnetwork.com/ · Twitter | https://twitter.com/WIN_pdx · Instagram | @westsideinvestorsnetwork · LinkedIn | https://www.linkedin.com/groups/13949165/ · Facebook | @WestsideInvestorsNetwork · Tiktok| @WestsideInvestorsNetwork · Youtube | @WestsideInvestorsNetwork
In this episode of the AZREIA Show, hosts Marcus Maloney and Mike Del Prete welcome special guest Michaela Chatman. Michaela shares her inspiring journey from being an educator to becoming a successful real estate investor. Learn about her challenges and successes, including how she secured her first fourplex. Michaela gives insight into the benefits of being a part of AZREIA and the importance of networking and continuous learning. This episode also covers the importance of finding investor-friendly real estate professionals, the value of participating in the Call-a-thon, and actionable advice for new and seasoned investors alike. Don't miss this engaging and informative conversation! Key Takeaways: 01:57 Introducing Michaela Chapman 02:52 Michaela's Real Estate Journey Begins 03:58 From Education to Real Estate 09:41 Challenges with Realtors 18:34 Discovering Azria and Finding a Fourplex 23:08 Finding the Right Lender 24:16 Securing a Great Mortgage Rate 26:29 Navigating Property Ownership 30:22 The Call-a-Thon Experience 33:06 Tips for Effective Cold Calling 41:06 Encouragement and Final Thoughts Connect with Michaela Chatman https://www.instagram.com/michaela_moveshouses/ ---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member's ability to successfully invest in Real Estate. Join AZREIA here. Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at
Start taking action right NOW!GRAB OUR EBOOK we give our mentoring clients - for a limited time only! Hesitant to make the first step toward real estate investing? Plan how to reach your time-freedom point faster and Feel free to talk to him :)Download episodes to your favorite platforms at idealinvestorshow.comConnect with us through social! We'd love to build a community of like-minded people like YOU!Support the Show.
This episode brought to you be inspectify.com Summary Julia Pardo is being coached by Jan Wanot on the Washington State Real Estate Investing Podcast. Julia currently owns a duplex and wants to continue buying cash-flowing properties every two years. Her long-term goal is to provide rental properties for her future children and achieve financial freedom. Jan suggests that Julia consider buying a new property every year instead of every two years to accelerate her progress. They discuss the importance of increasing passive income and the potential for Julia's husband to support her in managing more units. Jan also advises Julia to focus on finding incredible deals and leveraging off-market opportunities. Julia Pardo discusses her real estate investment journey and her plans for future investments. She shares her experience of buying her first duplex and the challenges she faced. Julia expresses her desire to invest in a fourplex and her husband's hesitation. Jan advises Julia to focus on building relationships with wholesalers to find off-market deals. Jan also suggests exploring on-market properties that have been sitting for a while and submitting offers that reflect the market price. Julia realizes that she needs to let go of her fear and take the next step in her investing journey. Takeaways Consider buying a new property every year instead of every two years to accelerate progress towards financial freedom Increase passive income to have more resources and support systems in place Focus on finding incredible deals and leveraging off-market opportunities Involve Julia's husband in managing more units to alleviate workload Building relationships with wholesalers can help in finding off-market deals Submitting offers on on-market properties that have been sitting for a while can lead to good deals Letting go of fear and taking the next step is crucial for success in real estate investing Guest: Jan Wanot Jan is an immigrant that came to this country with nothing, studied hard and finally attained the America dream…. of a steady, corporate job. Or so he thought based on the narrative we're all fed. Jan eventually wisened up and left the steady paychecks to become a full time real estate investor in 2017. Today he owns and operates a portfolio of 225 cash flowing units around the country plus a variety of active real estate projects in Seattle. He is the founder of the WA Real Estate Investing facebook group where about 19,000+ members in the Pacific Northwest connect and share value every day. In his spare time Jan loves to stay active, travel 3+ months per year, raise hundreds of thousands of dollars for charities he cares about, and teach real estate investing. http://facebook.com/groups/WAREI
Today we have a special returning guest, Logan Hasket from Tulsa, Oklahoma. If you missed our previous episode, be sure to check it out. Today, Logan shares an incredible story about a quadplex deal in a rough part of town that involved troublesome tenants, a police standoff, and a dramatic transformation of the property. Follow Logan on Twitter (@LoganHasket) and Instagram (@LoganInvest) for more stories and insights. If you have any good deals in Tulsa, send them his way! Like, share, and subscribe for more great content. Introduction and Guest Reintroduction 0:00 - 0:12 Daniel welcomes listeners and introduces returning guest, Logan Hasket from Tulsa, Oklahoma. Recap of Previous Episode 0:13 - 0:37 Brief recap of topics covered in the previous episode, including life, business, and Logan's past. Today's Focus and Logan's Background 0:38 - 1:10 Introducing today's focus on deal breakdowns and interesting stories. Logan mentions his clean record and willingness to share openly. The Quadplex Deal 1:11 - 2:03 Logan begins his story about buying a quadplex in a rough part of town and the challenges faced during the deal closure. Property Condition and Tenant Issues 2:04 - 2:48 Describing the poor condition of the units and the problematic tenants living in them. Eviction and Rising Tensions 2:49 - 3:28 Logan talks about sending out 30-day notices to tenants and the resulting tensions, particularly between a Russian tenant and meth-addicted neighbors. The Altercation and Shooting Incident 3:29 - 4:36 Detailing the altercation that led to a Russian tenant shooting his neighbor and the subsequent police standoff. SWAT Involvement and Aftermath 4:37 - 5:32 The story of the SWAT team intervention, tear gas usage, and the Russian tenant's tragic end. Property Renovation and Current Status 5:33 - 6:01 Logan describes the extensive renovation of the property and its current status as a home for good families. Reflections and Reactions 6:02 - 7:04 Daniel and Logan reflect on the craziness of the story, and Logan mentions his continued ownership of the property. Text
The notion that investing in multifamily is always better than investing in single-family is false. The goal of real estate investing isn't to own a particular type of property but to secure a reliable income. The reliability of this income doesn't depend on the property type but on the tenant who occupies the property. To show you what I mean, I will compare the financial performance of a typical fourplex in Las Vegas to the kinds of properties we've targeted over 16 years. Learn more about your ad choices. Visit megaphone.fm/adchoices
Think you've heard it all when it comes to rental property nightmares? Well our friend Katie Hofer is here to give you a run for your money when it comes to rental properties from hell. Katie is a newbie investor who took the leap on a fourplex and while it has given her some stories she'd rather forget about, she has learned a lot along the way and with the help of our signature course, CEO Bootcamp, is so excited for what is ahead.Make sure you listen to the full episode where Katie shares some of the best and the worst of being a landlord and also why she remains passionate about what she does and why she is so optimistic about the future!If you want to see what's coming up next for Katie, connect with her over on Instagram!Until next time, friends! Resources:Connect with Katie on InstagramSign up for our free webinar on 3 Must Have Systems & Processes you need to SCALEUse Hospitable for your REI bizOrder your copy of The Self-Managing LandlordSecure your spot for our CEO BootcampLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
New housing legislation from governments…are there strings attached? (0:36) Guest: Michael Geller, President of The Geller Group, Architect, Planner and Real Estate Consultant Everything Financial (15:35) Guest: Peter Cishecki, Registered Financial Planner and President of the Everything Financial Group Is it time for taxpayers to be able to vote on a regional government? (20:34) Guest: Mario Canseco, President of the Research Co. Polling Company B.C. expands limitations on landlords with new legislation (32:00) Guest: Ravi Kahlon, B.C.'s Minister of Housing Nexus fee increases proposed; is it worth paying more to wait less? (41:10) Guest: Claire Newell, President and Founder of Travel Best Bets What can B.C. learn from Toronto's 2026 FIFA World Cup deal? (50:40) Guest: Marcus Gee, Columnist for The Globe and Mail Learn more about your ad choices. Visit megaphone.fm/adchoices
Start your real estate journey intensely with our guest today, Kelly Clark, co-owner of Rockstar Real Estate LLC and passionate house hacker and investor. After deciding to do a 180-degree career shift into real estate, Kelly shares with us today the steps she took to fast-track her journey learning about strategic investing and property management. By hosting local meetups, building a solid network, and learning from experienced mentors, our guest today proves the tried-and-tested advice that it's very much possible to succeed in real estate even when starting from zero knowledge and no connections! Join us as Kelly discusses tapping into the wholesale market through MLS and partnering with more experienced investors to capitalize on these leads. We also talk about unique ways to solidify your financial strategy and why claiming your identity as an investor can be a game-changer. In just a few short years, Kelly has amassed diverse experiences, delving into property management, flipping, and wholesaling different types of homes. Her journey shows there is always time to pivot careers and gain financial freedom later in life. Learn exactly how you can do it in today's jam-packed episode! PODCAST HIGHLIGHTS:[5:30] Starting With Zero Real Estate Knowledge [8:00] The Secret to Building a Real Estate Network [14:10] Kelly's First Deal [16:36] Diving Into Realistic Real Estate Costs [27:35] A Glimpse Into Kelly's Successful Portfolio [28:55] On House Hacking a Fourplex [32:20] Must-Know Investing Hack: Opening a Trust [39:00] Why You Should Be Represented [41:10] Unpacking Essentials of Kelly's Rehab [46:53] Tapping into the Advantages of a HELOC [51:10] Nuggets of Wisdom for Serious Investors HOSTS Craig Curelop
This week on Acta Non Verba David Pere discusses the challenges veterans face and how Pere achieved financial success through real estate. Pere shares his journey of financial education, starting with reading "Rich Dad Poor Dad" and eventually buying his first property. Listen in as we explore the importance of having a strong financial position, the lessons learned from the military, and the resilience required in entrepreneurship. David Pere joined the Marine Corps in August 2008. Since that time, he has lived in or traveled to many unique places worldwide, including a combat tour in Afghanistan. David got started in real estate investing in 2015. He house-hacked a duplex with the FHA loan and lived in it for a little while until receiving orders to Hawaii. While stationed in Hawaii, David bought a 10-unit apartment in Missouri and has had continued success with real estate investing. With over 100 rental units in his personal portfolio, David has achieved complete financial freedom! Through these experiences, From Military to Millionaire was born, which is now the largest military real estate investing community in the world, where we help service members and veterans build wealth through real estate investing, entrepreneurship, and personal finance. David is also the author of The No B.S. Guide to Military Life: How to Build Wealth, Get Promoted, and Achieve Greatness. You can learn more about David at: https://www.frommilitarytomillionaire.com/ Learn more about the gift of Adversity and my mission to help my fellow humans create a better world by heading to www.marcusaureliusanderson.com. There you can take action by joining my ANV inner circle to get exclusive content and information. See omnystudio.com/listener for privacy information.
James McKellar, professor emeritus of real estate and infrastructure at York University's Schulich School of Business Learn more about your ad choices. Visit megaphone.fm/adchoices
A fourplex may be a good place to start if you're considering testing the waters as a residential real estate investor. It's also a sound investment for the first-time homebuyer, as you can live in one of the fourplex units and rent the others—your tenants pay the mortgage. If you want it strictly as an investment property, that's not a problem, although it may limit some attractive financing options. What Is a Fourplex? A fourplex is a multifamily home with four separate units under one roof. You may also hear it referred to as a quadplex. Each unit has its own entrance. Some fourplexes include a common building entrance with separate interior entrances for each unit. The units are either side-by-side or stacked on top of each other. From the street, a common entrance quadplex may resemble a large, single-family home. Learn more about your ad choices. Visit megaphone.fm/adchoices
Maria Spafford es agente de Bienes Raíces para el estado de Idaho desde el 2012 e inversionista de Bienes Raíces desde el 2017. En su portafolio ha tenido single family rental homes, además hoy cuenta con un Fourplex en Idaho, un centro comercial y un terreno en Arkansas, además de inversiones pasivas en RV Parks, y complejos de nueva construcción en Texas y Idaho Falls, Idaho. En este episodio platicamos con Maria acerca del mercado de Real Estate en el estado de Idaho, tocando temas como el mercado de airbnb dada la cercanía de Yellowstone y otros parques nacionales en esta zona. También platicamos acerca de las cosas en las qué se debe de fijar un inversionista de bienes raíces cuando va empezando así cómo el mejor momento para comenzar a invertir y cómo superar el miedo a hacerlo. Recuerda vernos y seguirnos también en YouTube! Síguenos en Instagram Facebook LinkedIn Escríbenos a hola@lalaygaby.com Hosts: Lala Elizondo y Gaby Proctor ¡Si te gustó el episodio, no olvides darnos un review! ⭐️⭐️⭐️⭐️⭐️ Esta plática fue grabada en Agosto del 2023. www.LalayGaby.com Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Have you ever wondered what it's like to own a property with the combined features of a single-family and a multifamily? Let's discover not just the benefits of owning a fourplex residential property but also its building process and ways you can start investing in them in today's episode with Steve Olson. Tune in to know how!Key Takeaways to Listen forThe advantages of owning a fourplexHow an “armchair value-add” approach helps owners build equityProcesses involved during the development of a real estate projectChallenges during the construction of a multifamily propertyThings to remember when reserving and purchasing a unit as an investorResources Mentioned in This EpisodeRobert L. Allen Microsoft Excel Spreadsheet SoftwareFree Apartment Syndication Due Diligence Checklist for Passive Investor About Steve OlsonSteve has been in the real estate game since 2002. He completed his first real estate deal while still in college and decided to pursue investing as a full-time career at that point. Throughout the ups and downs of the market since the early 2000s, Steve has completed a wide range of real estate transactions, including the sale of raw land, bulk foreclosure packages, single-family flips, and single-family/small multifamily rentals.Connect with SteveWebsite: The Fourplex Investment GroupTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams
As the second part of our look into zoning battles and density debates in Toronto and Ontario, I think you'll find John's interview with urban planning expert Sean Galbraith extremely useful. Sean is an urban planner who assists clients in procuring planning permissions as President of Sean Galbraith & Associates Urban Planning Services in Toronto. Toronto City Council has recently voted to allow for the building of fourplexes across Toronto, opening up the so-called 'yellow belt' to allow for more housing density. John talks to Sean about what's involved in building a fourplex, what impact the recent policy change will have on this process and how much this change will actually help Toronto deal with its overall housing affordability crisis. You can also watch this video on our Move Smartly YouTube channel (see the link in our show notes). And if you find this show useful, please rate and, even better, leave us a written review on Apple podcasts, so that more people can benefit from this information. It's very much appreciated! And now, onto our episode! Follow Sean on Twitter: @PlannerSean You can also watch this interview on our Move Smartly YouTube channel: https://www.youtube.com/movesmartly Follow us and send us your questions and feedback via Twitter @MoveSmartly, Instagram @move.smartly, or email: editor@movesmartly.com And if you find this show useful, please rate and, even better, leave us a written review on Apple podcasts, so that more people can benefit from this information. It's very much appreciated!
On this episode of REI Mastermind Network, our guest speaker shares their journey in the world of real estate, starting at a young age while still in college. They discuss the importance of patience, growing conservatively, and buying properties for less than their market value to maximize returns. They also offer insights on how to deal with contractors and tenants, and the importance of having an open mindset when it comes to investing. Additionally, they offer key advice on how to find the best financing options, the importance of working with an expert who specializes in multifamily properties, and creative ways to add value to properties through ADU laws. This episode is packed full of useful tips and advice for anyone interested in real estate investing. Don't miss it!
In this compelling episode, we're joined by real estate expert and urban planning enthusiast Daniel Foch, as he dives into the recent groundbreaking decision by Toronto to legalize fourplex housing units throughout the city. As the city grapples with a severe housing crisis, this shift towards a 'missing middle' housing solution promises to bring transformative changes. Daniel, renowned for his insightful analysis of the Toronto real estate market, unpacks the implications and potential benefits of this move. He discusses how this decision signifies a crucial shift in Toronto's housing policy, cutting through the urban-suburban divide and making room for more diverse housing options. We delve into the "missing middle" housing concept - a term coined to represent multi-unit housing types like fourplexes, triplexes, and townhouses, typically nestled in low-density suburban areas. Such housing types, Daniel argues, are the key to addressing Toronto's housing crisis. He expertly dissects how these middle-density options can offer affordable and diverse living arrangements, thereby enhancing the city's livability and inclusivity. Daniel also takes us through the economic and social ramifications of this policy, discussing its potential to reshape Toronto's neighborhoods, boost local economies, and mitigate gentrification. We explore how the addition of fourplexes might influence property values, rental rates, and the overall housing market dynamics in Toronto.
Have you ever driven by a multifamily apartment? What about just a duplex, triplex or fourplex? For over a decade, Fourplex Investor Group (or FIG) has specialized in NEW build communities of fourplexes in growing markets in the United States. Today we will go over the good, the bad and the ugly and why Fourplexes really can supercharge your wealth and investment portfolio!RESOURCES MENTIONED:My Story starting with a FourplexSpecialized Trust, Quest and IRA Financial for SDIRAs!Episodes 20 and 22 with Ridge LendingCONNECT WITH STEVE and FIG:FIG.USSHOW SPONSORSTimothy Hero – Hero LendingFreedom Real Estate Group#Screw The W2 YouTube ShowSTAY CONNECTED!InstagramTwitterYouTubeWebsiteAs always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals in pursuit of WEALTH and FREEDOM!Support the show
Que es un fourplex, y cual es la mejor manera de comprarlos
Best to watch the video of this episode on YouTube: https://youtu.be/SQRB0xE-eiU Why THIS deal?? ~$1,197/mo. cash flow once you can refi to 5.0% Cash flows at ~$709/mo. at today's rates of 6.25% Newly listed property. It won't last! Fully remodeled and absolutely beautiful on the inside Fourplex with two 3 bedroom, 1 bath units and two 4 bedroom, 1 bath units Days on the market: 2 as of 2/3/2023 Very desirable location for young professionals Front door faces a large park No fire or flood zone 2 tenants will be moving soon and will give the new owner the opportunity to raise rents to market level Awaiting updated details on HVAC unit ages and roof replacement from seller's agent Estimates for owner paid utilities is around $350/mo for water/trash/sewer (pending verification) Fully remodeled in 2022 which means little to no maintenance for a new buyer. We still estimated $400/mo. in the spreadsheet for conservative long-term cash flow estimates New Plumbing and Electrical in 2022 In-unit washer/dryers No HOA charges 4 space off-street parking pad Why should you consider this house / what makes it a good investment? Built: 1922 (gut rehabbed in 2022) Size: 4,417 square foot building Desirable Community, Good Schools, Highly Appreciating Neighborhood
Leah and Jenny discuss a fourplex in Colorado Springs that's a self-manager's dream. The townhouse-style units are popular with tenants and yield impressive returns--even with today's high interest rates. Listen to the episode to hear them break down the numbers.
Is it possible to get better returns by trading down? Jeff White joins us to explain how he gets more cash flow and fewer headaches by utilizing a 1031 exchange to trade his underperforming fourplex for two single family homes.
Is it possible to get better returns by trading down? Jeff White joins us to explain how he gets more cash flow and fewer headaches by utilizing a 1031 exchange to trade his underperforming fourplex for two single family homes.
There's a lot of debate about the type of property you should use for STR. You can use properties like single-family homes, duplexes, condos, etc. But I prefer single-family homes. I discuss the pros and cons of using each property type in this episode. Whatever property you choose, make sure you do your due diligence. Have a clear agreement with your landlord and provide your guests with an excellent experience. If you can make it work, then go for it. “Single-family homes give you the most flexibility out of all these property types. With a single-family home, you have an entire home to yourself.” - Tom Swan In This Episode: - What type of properties do I prefer for my STR business? - Pros and cons of using Time-Shares and Resorts and why I do not advise using these property types. - Pros and cons of using Apartments for your STR business. - Pros and cons of using Condo units for your STR business. - Pros and cons of using Duplex or Fourplex units for your STR business. Connect with Tom Swan: -https://www.instagram.com/tomjohnswan_/ ( Instagram) -https://www.facebook.com/tomjohnswan ( Facebook) -https://www.linkedin.com/in/thomas-swan-32562918/ ( LinkedIn) -https://www.youtube.com/user/tomjohnswan ( YouTube) -https://twitter.com/TomJohnSwan ( Twitter) -https://www.tiktok.com/@tomjohnswan ( TikTok)
On the eighty-sixth episode of Collecting Real Estate, we interviewed John Rickgarn of JHR Investments and Wealth and Freedom Podcast Platform and Podcast.John grew up and graduated from MCC in Slayton, MN and then moved to Marshall and attended SMSU, graduating with his bachelor degree majoring in Political Science and Public Administration. After a short break he completed his MBA at SMSU with an emphasis on marketing. After twelve years in office equipment sales, John decided on a career change and started his real estate classes in late 2019 and joined MN Lands and Homes in January of 2020 bringing his unique knowledge on real estate investing. Since 2014, John has been an active investor in stocks, notes, options and other alternative investments and in 2016, John jumped into real estate investing first with a fourplex in Marshall and since then expanded into multiple properties in multiple states. When he's not helping clients buy their first home or their first rental property, he enjoys travelling with his wife, Heather, as well as reading, educating others on financial literacy and running his own blog and educational website. john@wealthandfreedomnexus.comrickgarn.comLinkedIn: https://www.linkedin.com/in/john-rickgarn-mba-641aa414 Facebook: https://www.facebook.com/RickgarnRealtor/
We kick off this week's episode with the SoCal real estate market report. Join Shelley as she uncovers the latest local market data. In Synergy, Systems, and Networks Essential for Success, we're re-running a segment with Colin Burns! Colin is general counsel for the city of Fountain Valley, California, and he joins us today to delve into SB9. This new state law allows for homeowners to have up to three other tenant-occupied dwellings on their properties. Saeed and Colin discuss the pros and cons of this new bill, and discuss the general impacts on the communities it will affect. In M&M for Everyone, we're re-running another segment with Charlotte Singleton. She is an expert realtor in the So Cal region, and she shares her insight into the overall direction of the market. As we navigate this historically strange market, Char shares her thoughts on where it will ultimately lead to. Don't miss our upcoming online events! Sign up for free at moreandmorenetwork.com to attend. Wednesday, June 15th: Coaches Corner Workshop with Dr. Devaughn Dames on Zoom @ 12 PM PST Every 1st, 2nd and 3rd Wednesday of the month: M&M Coaches Corner Workshop
It's no secret that Cayla loves investing and is obsessed with talking about ways to make money. One way to invest is in real estate and Cayla began that journey a few years ago by purchasing her first fourplex. In this episode, Cayla walks you through her experience and the lessons she learned through purchasing property. She even includes how much money she invested upfront, how she managed the property for a year and a half, and how much return she received in reselling it. Ultimately, you have to start acting like you are ready to make this kind of deal. Do the research and ask the questions. Find your mentor and get into the process beforehand so you are ready to go when the money is available to be invested. DM Cayla the word “finance” for more information about financial literacy and freedom. To book a call with a Mommy Millionaire Business Strategist please https://calendly.com/jasminemommymillionaire/mommy-millionaire-mastermind?month=2021-12&date=2021-12-09&back=1 (click here). You will learn: [3:04] - https://www.amazon.com/dp/B000FCJZ3G/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 (Secrets of the Millionaire Mind) by T. Harv Eker changed Cayla's life. [4:12] - Then a few years later, Cayla read another book called https://www.amazon.com/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 (Rich Dad, Poor Dad) and realized what could be possible. [5:13] - If you want a better lifestyle, invest more and have the assets that pay for it. [6:10] - If you are just getting started, you want to partner with someone who knows what they're doing. [8:03] - The goal for Cayla was not to have monthly income from the fourplex. [9:05] - Cayla listed some of the qualities she looked for in the property to invest in. [10:32] - You have to put a larger chunk of money down on a piece of property for this purpose. [11:12] - Cayla explains the amount of money earned each month and what she did with it and how much profit she made from selling it. [13:02] - What are some ways you can increase your income a little bit in order to make the amount you need to put down on a property investment? [14:12] - Start acting as if you are ready to make that deal. Do the research and ask the questions. Find Cayla: https://www.mommymillionaire.co/ (Mommy Millionaire) https://www.facebook.com/CraftCayla/ (Facebook) https://www.instagram.com/cayla.craft/ (Instagram) https://www.pinterest.com/caycraftisa/ (Pinterest)
Ann didn't know anything about investing in real estate except that many people became wealthy doing it. She had set her mind to build wealth and achieve financial freedom, so she learned the ropes, and in just a year, she purchased her first property, and now, she's earning passively.In this episode, Ann will share her real estate investing journey. She'll talk about hiring a coach and working with property managers. She'll explain this industry's different advantages, such as tax advantages and refinancing. Listen now to learn how to begin your real estate journey!Get Your Gift from Dr. Ann by Joining the Exclusive Private Facebook Group (Look Under Guide Section)- 7-day Video Masterclass to 2-3 X Your Productivity in Half the TimeShow Notes - https://www.itsnotrocketscienceshow.com/session-11/Episode Resources - MD Real Estate Blog and Zero to Freedom Course I Took - https://semiretiredmd.com/Books - There's No Free Lunch in Real EstateBuy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made SimpleLong-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental PropertiesThe Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the IRS!-----------------------------------------------------------------------------------------------------------------------------------------------If you're struggling with your vitality, energy, mood, focus, or sleep, this show is for you. You'll discover the keys to remove the barriers or blockades that have been holding you back.Please subscribe and leave a review so you can help others who need the knowledge most discover this podcast Visit It's Not Rocket Science Show to learn moreFollow Ann Tsung MD, MPH onYoutubeInstagramFacebookLinkedinTwitter
Ever heard of a deal where you get the benefits of both multifamily and single-family homes? Steve breaks down exactly how this is done through fourplexes as well as the considerations to make this process flow smoothly as possible. Steve Olson is the director of the Fourplex investment group. They build master plan fourplex communities in Utah, Idaho, Arizona, and Texas. Listen as he shares the strategies to employ when dealing with fourplexes for better positioning. [00:01 - 04:30] Opening Segment Steve on discovering real estate in college and realizing that it's better than law school How buying land in 2010 was insane and building fourplexes are a good idea Bridging the gaps and producing value-adds on fourplexes [04:31 - 11:19] How Fourplexes Generate the Benefits of Multifamily and Single-Family Identifying the investor in the deal - fourplexes owned by different investors Adding value for higher potential stabilized cap rates through projections The virtue of patience and constantly building relationships with investors [11:20 - 18:22] Why the Name of the Game is Flexibility Getting the investors cross the debt finish line Steve shares the Idaho deal story - realizing adjustments to make in the process Defining affordable housing by considering the investor [18:23 - 19:05] Closing Segment Reach out to Steve See links below Final words Tweetable Quotes “As long as you do right by the investors and you deliver the product, it [finding more investors] doesn't tend to be a challenge. But that can ebb and flow with the challenges in the market.” - Steve Olson “You got to focus on those markets with population growth, low unemployment. If you're building real estate in markets like that, and you're patient, you will generally win.” - Steve Olson “The name of the game is flexibility.” - Steve Olson ----------------------------------------------------------------------------- Connect with Steve Olson on Linkedin. Visit his website and email him at solson@fig.us Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Steve Olson 00:00 Take more time. Give yourself as much flexibility as you possibly can because we are in unknown waters right now. And while there's a tremendous demand for the product, it's difficult to bring it to the market. I will say it comes with a good thing. The rents are just going up when it's difficult to get products on the market. And there's a huge demand for that product. I don't like planning on higher rents, but I've never not seen it over the last 18 months. It's definitely happening. Intro 00:28 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big. Sam Wilson 00:40 Steve Olson is the director of the Fourplex Investment Group. They build Master Plan Four-Plex communities in Utah, Idaho, Arizona, and Texas. Steve, welcome to the show. Steve Olson 00:50 Good to be here. Thank you for having me, sir. Sam Wilson 00:52 Hey, man, pleasure's mine. Same three questions I asked every guest who comes on the show in 90 seconds or less. Can you tell us where did you start? Where are you now? And how did you get there? Steve Olson 01:01 Well, I started in real estate. When I was in college, I worked for one of the late-night infomercial gurus just shipping boxes and administrative stuff. His name is Robert Allen, many people probably know him. And I just inadvertently heard some of the real estate coaches talking about real estate. And I thought, hey, that kind of sounds pretty good. And at the time, I wanted to be an attorney, I was going to go to law school. And I thought I could flip some houses and go to law school. And then after I did my first deal, I realized, why would I go to law school. This is way better. And so I have been involved in this business in one way or the other. Since then I've been through a couple ups and downs, I made it through the crash. I want to say I made it through COVID. Who knows what that even means anymore. But I'm still here. And I've worked with the four Plex Investment Group building these masterplan communities. I eat my own cooking typically try to acquire a couple of these a year and have started putting together some bigger deals as well with some of our investors. So I don't know that answer your question? Sam Wilson 02:02 It does. Tell us about the Fourplex Investment Group. What is that? Steve Olson 02:07 That's a group of five companies that partner together, we're based here in Utah, where I'm coming from today. The concept was hatched back in 2010. If you were in the business in 2010, you know that nobody was buying land, right in 2010, at least in the markets where we operate predominantly to Western US. And if you were buying land, people thought you were completely insane. And we were still reeling from Oh, eight, what is this all mean, so on and so forth. But there was still a lot of cash out there, a lot of cash on the sidelines looking for a secure return, a recession-resistant return. And really a four Plex is an excellent way to achieve those goals. So the whole concept was hatched that All right, if we could build new four Plex communities, and put them within an HOA because you and I both know, these old dilapidated four Plex communities that are in every neighborhood in America, right, they were built in the 70s and 80s. And they look like garbage now, because there isn't a continuity in the ownership. So the thought was to build a new, let's put HOA investor own control over the top of them. It gives people the advantages of multifamily because they have multiple tenants servicing that debt, but they have that great single-family debt 30-year fixed true 30-year amortized. So it gives you a way to kind of bridge both those gaps. So we've been building these communities ever since. And we're in four states right now, the secret sauce is a pre-construction deal. That's our value add, if an investor is willing to come in and close on a construction loan, and go through the build, go through the stabilization process, we can actually sell it at a better cap rate than they can get on the open market. So as an example, if you hire a realtor to go find you a four Plex right now, in a lot of these growing markets, that cap rates in the fours right now, right, that's what it's gonna take, right? And if it's higher than that, then there's some hair on that deal you don't know about yet, right? So we just disclose the hair, we say, well, it's not built yet. Right? You got to go through this construction process. And right now that's something everybody feels because that takes longer interest rates are going up. There's some risks that you absorb in the new construction world. So in exchange, we say in a market where you're trading at a four and a half, five cap, we're selling at six and a half. And that's the investors cherry on top for going through that process. Sam Wilson 04:31 So walk me through that. I'm sorry if I'm a little bit slow here today. But when you say that's the investors cherry on top, it may be just, break down the whole who the investor is, what part they play in your process. I'm not sure I quite grasp that. Steve Olson 04:45 No, that's okay. You and I, we went in cold on that one, so no worries. So take it like this. Let's say we identify 10 acres in Phoenix, Arizona, and we go through all the preliminary plat issues we determine yet can be a four Plex community, right? We're going to pre-sell or pre-reserve that entire project. So we'll subdivide it up into 54, plexes. Right. And then we go out to our investors, Bob, the doctor Susie, the attorney, Fred, the business owner, right? These are the kinds of people that say, Yeah, I want a four Plex in that community. Right? So we're the builder for the entire community. But each of those four Plex lots is closed on and acquired by a separate non-pa type investor got it, right. That's who the investor is. Our property management company does all the lease-up all ongoing management, our HOA division does all the community maintenance and Community Supervision. But if you drive through that project, it looks like all bunch of townhomes. Right. But in reality, it's platted as for plexes, and it's owned by different investors. Sam Wilson 05:55 Got it. I see. And they can get traditional 30-year debt on that. And, you know, just like you're saying the benefits of owning a single-family home, except you've got, you know, a four Plex to go with it. So that's really intriguing. And then what were you saying about the cap rate? Why, what's the value-add there? Or what's the play on the cap rate, rewind that for me? Steve Olson 06:16 Well, just to kind of go foundational level here, at the risk of being too complicated. We all know, in an apartment complex the value add, the traditional is, okay, I'm going to go find a dilapidated apartment complex that's underperforming for one reason or the other. And over the next 18 months to two years, I'm going to get that complex in tip-top shape, right, I've added value. Now it's making the most money that it can its expenses and income is all in line, right? Well, you want to buy that apartment complex, when it's stabilized when it's when the value has been added, you're gonna pay top dollar, you're gonna pay it for four and a half cap rate, right? Same thing goes for a brand new four Plex that has tenants in it, right? You're not just gonna walk into that thing at an awesome cap rate, and all the risk is taken out of the deal, right, then that's what somebody is gonna want to sell it for sure. So what we're saying is, hey, look, here's our projected income expenses, here's our projected cap rate, when this is done, we're willing to sell it at, say, a six or six and a half cap, because you coming in taking the construction loan where we don't have to go borrow that money, we don't have to go through that brain damage that's valuable to us. So you're taking that risk, you're saying that four flex doesn't exist yet. But I believe this pro forma, I believe that in 18 months, it'll have an NOI of X amount of dollars, right? So I'm willing to take that risk, all about future value. Sam Wilson 07:40 And for that, and for taking that risk, you sell it to them at a higher potential stabilized cap rate, say six and a half or whatever it is they go. Right. Got it. Okay, sorry, I'm running a little bit slow, must not have… Steve Olson 07:54 No, no, it's a new concept. It really is. Sam Wilson 07:57 I mean, it's not something we've explored this model on the show yet. So this is kind of fun to really dig into the nuance of it. It seems like there would be some challenges on a couple of fronts and tell me, I'm missing this somehow. But challenge number one, I would assume is, let's say you're developing 10 acres, and you're putting 54 plexes on it finding 50 investors who want to invest in that style of project, is that a challenge? Steve Olson 08:24 Occasionally, it's been a challenge. Right? Now, if we had 500 of these things, they'd be gone tomorrow. It really depends. If you select your markets and your neighborhoods, right? We're constantly building relationships with the investors. You know, at first, yeah, this was a mind blow, what is this thing, right, and somebody will dip their big toe in, they'll be very careful at first, understandably so right. But when that thing turns over, they get their certificate of occupancy, the leases start coming in, they start getting rent payments, that's when they call us and say I'll take two more in the next one. And here are my three friends. So as long as you do right by the investors, and you deliver the product, it doesn't tend to be a challenge. But that can ebb and flow with the challenges in the market. Right? Sometimes things happen in the market, that make it take a little longer, it's a little tougher to deliver that. And that's not hard to understand, right now, when we're dealing with supply chain construction, right? stuff just happens. So sometimes the market is nice and easy, and the investors line up. And this is easy. Other times, it's brutal. And you know, you got to work together to get to that finish line. But typically, once you get there, and those rents start coming in, and then people go Yeah, that's worth it. Because you got to focus on those markets with population growth, low unemployment. If you're building real estate in markets like that, and you're patient, you will generally win. Right? Right, that becomes difficult to screw up. But between those two points, you don't control all that the market can change. So you got to be flexible. Sam Wilson 09:59 Finding investors is one thing. Do you guys handle all of the lease-up for them? Is this really four Plex build for rent turnkey, where they just they own it, but yet you guys own it and manage it or not? Do they own it, but you manage it, you find the tenant, you lease it up? I mean, this is completely turnkey. Is this what I'm hearing? Steve Olson 10:17 You know, to the extent that new construction can be turnkey This is it. Right? Well, when you're taking something from Roger, all the way to least up with tenant, there's going to be things that happen along the way, of course, right. But yeah, our property management company that we're affiliated with handles the lease-up, as well as the ongoing management. There's a tricky thing in this business model that we had to work through long ago. And it's kind of similar to the HOA side if we build 54 plexes. And tell all the investors Hey, good luck, go lease them up. Oh, man. But that's you can just It's horrifying. Right? Right. So we actually have a requirement, and it's built into our CC and ours that you use our management company. And most people go along with that they understand every now and then somebody gripes about it, we have to hold their feet to the fire, because when you let those horses out of the barn, it's tough to get them back in. Sam Wilson 11:10 Yeah, I can only imagine. And then just the chaos that would surround you know, two of the 5054 plexes being run by somebody out anyway, that could be a mess. How about getting your investors across the debt finish line? I mean, that's a whole series of people and processes. I can only imagine that you say, Hey, me, do you have preferred lenders they have to work with? How does that work? Steve Olson 11:34 Yeah, that's another one we learned a long time ago, you've got to have a solid preferred lender that knows investors, because you know, the investor, they're going to look at it from the standpoint of, well, I know a guy, he's really affordable. And that's great. But there's a detailed process here. And affordability, that can quickly get trumped by inconvenience. And really, our guy works on volume anyway, very rarely beat out. But the big key here is to get a construction loan on the front end, you've got to be qualified for the long-term financing. Right? They call it a Fannie Mae, a US approval automatic underwriting system. And when we can deliver that to a local bank that likes to give construction loans to our investors, they'll give that because they know Okay, Bob, the doctor is approved, he can refinance out of this construction loan when the property is built. So our test then becomes conditioning Bob that Hey, Bob, don't go buy a Lamborghini for the next 12 months, don't go do anything stupid, that's gonna affect your ability to qualify for a mortgage 12 months from now, and Bob generally behaves himself. We've had a couple of instances where he did not. So we helped him sell it, we helped him get some kind of a portfolio loan, but really 99 times out of 100. It works. Sam Wilson 12:53 Right. Yeah, I wouldn't have thought about that. You're not dealing with one person that could make you know, again, serious changes to their lend ability, if that's even a word you're doing a lot of is now like that, thanks for the vote of confidence. Yeah, yeah, sure. That's really absolutely intriguing. What are some, and you've been pretty candid and told us a lot of things. I think that you said, Hey, we, you know, we've learned some of this the hard way. Is there anything else you can think of, he said, Hey, here's some kind of learning curve or learning moment, things that happened in the build for rent for flex base? Steve Olson 13:26 You know, what's on my mind this morning. We have a couple of projects, these are specifically in Idaho. And we are just getting brutalized on overages, construction is going to take a lot longer. And in our contract with the investors, it's a fixed bid 12-month contract. And these contracts were entered into a long time ago. And so it's going to cost millions to pay the investors the penalties that will be owed to them, because of going over the 12 months, right. And so to me, when you're building to the name of the game is flexibility, right? Not committing to anything too far in advance, giving yourself longer construction loans, just because it's just even when you build the volume that we do getting the subcontractors to show up regularly and streamline that process. It's tough because you know, that can oh, wait a lot of these subcontractors, right? The tile guy, the framers, a lot of these guys went out of business and never came back. Right. And now we have all this demand, but we don't have that trade base. Finding these guys is just really difficult. So you know, take more time, give yourself as much flexibility as you possibly can because we are in unknown waters right now. And while there's a tremendous demand for the product, it's difficult to bring it to the market. I will say it comes with a good thing. The rents are just going up when it's difficult to get product on the market. And there's a huge demand for that product. I don't like planning on higher rents, but I've never not seen it over the last eight 18 months. Definitely happening. Sam Wilson 15:02 Right, yeah, absolutely. Good point. Yeah, that's intriguing. I mean, like you said, Well month to get it built. And if you don't get a built man, that's a lovely piece. Yeah, that's a lot of heroes. And how you deal with that, I guess, that'll determine where you go next in business. And, again, how you rewrite your contracts. I mean, maybe at this point in time, you know, I'm sure you guys are rewriting stuff where you say, hey, looked, well, it might be 18. I mean, materials, supplies availability, it just I mean, there are a lot of things happening right now that are outside of everyone's control. So that's right. Steve Olson 15:29 We've made a lot of changes for when we roll new product out the door, but we have to live with the past two, we've got honor those commitments and get them to the finish line. Sam Wilson 15:37 Right. Wow, Steve, thanks so much for taking the time to share today. I love what you guys are doing. That's really intriguing. I guess one last question on that the big hot button topic is affordable housing, which we won't get into why housing is unaffordable, necessarily. But yeah. Right. We'll be here for way too long for that. Yeah. You know, tell us on this front, is there opportunity to build fourplex affordable housing? Do you see that as a, you know, possible, you know, next move for you guys? Steve Olson 16:04 Well, I just want to qualify that statement. Because when you say the words, affordable housing, right, it really depends on who you're talking to. One person is going to hear that is Section Eight, government subsidized housing. And generally when you say affordable housing, that's what is intended, but some people hear, I just need some housing that's affordable. Right? That's not sky high, you know, because these apartment complex keep getting renovated up to class A status, the rents are ginormous. So I see it on two fronts, we actually are just working on one. Here in Utah, where the city did require an affordable component, we have units that will be rented at 6080 and 100% of the AMI, the area median income, and that's we're getting a little bit into affordable weeds there. So they required us to peel off some of those. And you look at the cost of building those versus what the rents that you can charge are. And there are some perks that we get with that, that we can pass on the investors that make it worth it to them to acquire a unit where the rent they can charge is capped right. Now luckily, that rent flows with the AMI as it adjusts. But then you look at housing that is not affordable housing, but it's just affordable. It's easier to afford for a market renter, right. And we're certain I actually think that's what we are, you know, we're not building these giant club houses with a Ritz Carlton style pool and a trash valet. But we're not building you know, you can't build C class we're like a high B, right, where we get some good amenities, but we're not going over the top. So there are a couple 100 bucks less a month and they are for a class A apartment, and that has served us very well. Even though it's not the definite definition of affordable housing. It's a little more affordable, right? Therefore it's beneficial. Sam Wilson 17:56 Yeah, and I think that's absolutely intriguing. Just like you said, the amenities aren't required in this style of bill. It just everything you've talked about on this product. I haven't pictured those Class A amenities I'm picturing a place to live. So yeah. Steve Olson 18:11 We give them some good things. You know, they get a garage, right? They have a little more square footage, but we don't have your trash valet and you're not gonna be able to have a banquet at our clubhouse. You can work out there. We got pool, but it's nothing crazy. Sam Wilson 18:23 Right, man. Absolutely love it. Steve, thanks for taking the time to come on today. If our listeners want to get in touch with you or learn more about you what is the best way to do that? Steve Olson 18:31 Just go to our website. It's easy fig. Fig like the fruit.us fig.us Sam Wilson 18:36 Awesome. Steve, thank you for your time today. Steve Olson 18:39 Thank you. Sam Wilson 14:34 Hey, thanks for listening to the How to Scale Commercial Real EstatePodcast if you can do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google podcasts, whatever platform it is you use to listen. If you can do that for us that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening thanks so much and hope to catch you on the next episode.
What should you do when you find a property that seems solid but has underperforming numbers? Sometimes, the best deal is one that will take a couple of years to reach its full potential. In this deal analysis, we look at a fourplex in a great part of Colorado Springs recently purchased by clients who have a good long-term outlook. Listen to the episode to hear all of the numbers and learn why they're so confident in this property.
Steve Olson has been in the real estate game since 2002. He completed his first real estate deal while still in college and decided to pursue investing as a full-time career at that point. Throughout the ups and downs of the market since the early 2000's, Steve has completed a wide range of real estate transactions including the sale of raw land, bulk foreclosure packages, single family flips, and single family/small multifamily rentals. Steve is currently the Director of Sales for the Fourplex Investment Group (FIG), which develops fourplex projects in the Salt Lake City, Houston, Phoenix, and Boise metropolitan areas. These projects typically range between 200 and 350 units and are built as townhomes, but are platted as fourplexes, or sometimes larger 20–30 unit buildings. Let's dive into his story! [00:01 - 09:09] Opening Segment How and why did Steve joined Real Estate in college Dodging the bullet - what do you need if you can do Real Estate What happened after Steve's $17,000 (million) deal Our most valuable asset is time [09:10 - 17:39] Multifamily Real Estate development Why Steve ended up focusing in developments Creating something out of nothing An unending quest to learn how to do things better Steve's current development projects FIG is 5 companies in 1 roof Fourplex is a beautiful investment Secret sauce with fourplexes [17:40 - 27:27] Wise words from a veteran Steve's ideal investor avatar Living before the 2008 recession Longevity matters Focus on downside protection! Prepare for the worst ahead of time Why Steve chose these markets Market fundamentals [27:28 - 29:06] Closing Segment Connect with Steve: Go to their website www.fig.us and follow and subscribe to their social media: LinkedIn, Twitter, and Facebook Shoot Steve an email solson@fig.us WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! Tweetable Quotes "Real Estate is a knife that cuts both ways. The longer I'm in it, the longer I'm better at staying on the right side of the way that it cuts.” - Steve Olson "A lot of people get into Real Estate because they see money, and I'm not an exception to that. But later on you realize, ‘I need to feel some fulfillment.'” - Steve Olson "Nothing is recession proof, only recession resistant.” - Steve Olson "When you create your deal the right way ahead of time, if the market is down, you already know what to do, and you're not going anywhere.” - Steve Olson
We're continuing to highlight properties in Pueblo to give investors a better idea of what this market looks like and how it performs. Today, we're doing a deal analysis on a new build fourplex in a developing part of town. Even though Leah and I ran the numbers as conservatively as possible, we still had to pick our jaws off the ground when we saw the returns. Listen to the episode to hear all of the details and you'll be as excited as we are!
We kick this week off with the So Cal Real Estate Market Report. Saeed and Shelley bring you the latest market stats, and lay out the latest trends in Anaheim Hills and Menifee. In Synergy, Systems, and Networks Essential for Success, we welcome Colin Burns back to the show. Colin is general counsel for the city of Fountain Valley, California, and he joins us today to delve into SB9. This new state law allows for homeowners to have up to three other tenant-occupied dwellings on their properties. Saeed and Colin discuss the pros and cons of this new bill, and discuss the general impacts on the communities it will affect. In M&M for Everyone, we are joined by M&M member and founder of Leadership Keys Unlimited, Rosalind Henderson. Rosalind is a business coach who brings her 30 years of public school teaching to impact her clients' business mindset. Find out why your mindset is holding you back from success in your entrepreneurial endeavor. Don't miss our upcoming online events! Sign up for free at moreandmorenetwork.com Wednesday, February 23rd is the next Coaches Corner Workshop Every 1st, 2nd and 3rd Wednesday of the month: M&M Coaches Corner Workshop All workshops for the month of February are free! Every 2nd and 4th Tuesday of the month: M&M Networking Event Tuesday, February 22nd: M&M Networking Event featuring keynote speaker Colin Burns
In this Deal Analysis, Jenny and Chris look at a 1031 exchange recently completed by Jenny's clients. Listen to the episode to learn how they were able to trade up from their paid off townhome in Virginia to buy a fourplex in a great area of Colorado Springs.
In this Deal Analysis, Jenny and Chris discuss a fourplex recently purchased by Denver investors in the Springs. This is a great example of an off-market property that will generate solid returns. Listen to the episode to learn more and see how slight adjustments in rents can significantly alter outcomes.
A breakdown of the process we went through during a recent build-to-rent project in Payson, Utah. The development consisted of 24 new construction fourplexes in a stacked flat floor plan. This project had its ups and downs as we launched it in January 2020 before all the pandemic madness had begun. So how did it go? Let's talk about it. Subscribe to our show on YouTube: https://www.youtube.com/channel/UCN1n353tbqMuK7HKi6GmQlg?sub_confirmation=1
Steve Olson is a real estate investment expert. Steve has been in the real estate game since 2002. He completed his first real estate deal while still in college and decided to pursue investing as a full-time career at that point. Steve is currently the Director of Sales for (FIG) aka Fourplex Investment Group, a national real estate investment group that specializes in the development and sales of large-scale Fourplex properties across many of the countries hottest markets. Quote: “The problem with land right now is that sellers know that they have something extremely valuable on their hands…so you have to be extremely confident going into these deals that you're going to make the land work.” Highlights: 01:38 - Steve tells listeners more about how he got started in real estate. 05:15 - Steve discusses the essence behind his investing group, FIG, and how it got started. 09:55 - Steve tells listeners about the impact the pandemic had on FIG. 16:11 - Steve talks about the impact the pandemic had on inflation and prices. 19:01 - Steve provides insight into how FIG develops their projects. 23:47 - Steve touches on the pros and cons of investing in fourplexes. 29:26 - Steve describes his most challenging deal. Guest Website: https://www.fig.us/ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Joseph con tan solo 29 años es propietario de una vivienda Multifamiliar gracias al programa del Gobierno FHA. Los beneficios que ha tenido como Inversionista en Bienes Raíces lo han llevado a empezar su carrera como Realtor para ayudar a más personas a alcanzar su vida soñada, así como una vez Nora Aguirre Team lo hizo con él.
We are excited to announce a new video series we're calling "Property Walks" which features Colorado Springs investment real estate expert Jenny Bayless as she walks through rental properties with the investor owners. Jenny will talk pros, cons and give quick analyses for each rental property. You'll gain unique and valuable insight from the owners themselves who share their successes, regrets and give tips on what to avoid and how to maximize return for rental properties. In this first episode, investor owner Garrett gives Jenny a tour of his newest property, a fourplex located in central Colorado Springs. They look at one of the newly renovated vacant units, go over the numbers, and learn what his plans are for the future. You can find the link to the video in the show notes.
This deal analysis is for a fourplex in Colorado Springs. This was a great deal for our clients, but it took five months of patience and being in the right place at the right time for them to close on it. Their key strategy is maximizing leverage by taking advantage of low interest rates. Fourplexes were on their radar because it would enable them to acquire the greatest number of units for one loan and ride out the low interest rates. Listen to the podcast to find out why our clients decided they could get the most bang for their buck in Colorado Springs.
Episode Summary In this episode, Quentin talks with a member, who started with house hacking his first property and he was looking to expand his portfolio. With the current housing market, we explore possibly going with a triplex or a fourplex instead of a single-family home or duplex. As a fairly new immigrant to Canada, the member bought their principal home in December 2019. They moved to Oshawa in February 2020. They started with house hacking and rented their basement out. Now, they are looking for a rental property wherein they could start their journey. As for the financing for their next property, he plans on using some savings and a gift as down payment. He also has a few lines of credits as well. He adds that working with the bank that he has mortgage with, he wanted to get advantage of appreciation on his current house, remove the CMHC and be able to buy another one at 5%. Quentin adds that it is possible that he could use one of those other avenues in order to get a lower down payment, but there are typically for principal residences, and a grey area. The member shares that while he is interested in Oshawa, it's either he could wait for some time and save more, or with whatever he has, he goes to a market where he can afford something and at least break, even if not positive cash flow. He adds that he has the affordability, and down payment is his only problem. Quentin adds that he may end up with negative cash flow unless he has a really strong cash flowing property. Quentin suggests that he may want to look at Peterborough market, and something that is a little bit out of his comfort zone but may give more cash flow. That could be a different type of property like a student rental or maybe a triplex or fourplex. He could still get that type of financing that he is interested in, because it's still under the residential umbrella. It gives him the ability to have more units, so the one to four units still, even if divided as a duplex, he'd still have that that same kind of qualification room. He recommends checking out courses on Property Management, and Your First Three Properties in Real Estate to get a better idea of the fundamentals. He further says that while Peterborough is a good option, as he goes further away, he will have to build property management costs into that as well. He also recommends getting on some wholesaler lists as well, just to see what's coming up on them, and to get a different sense of what's coming in and going out. Quentin says that if he can use the lower down payment in order to get into a property, he should take advantage of it. It is a good way to add some leverage, just make sure that the numbers all work out, and that he is still able to financially maintain that. He adds that those rental properties are going to be assets that give wealth and income. The principal residence will give wealth because it will increase in value, and it can be leveraged differently. He recommends working with a mortgage broker that looks at more than just the next transaction, but helps plan out the next four or five transactions. In conclusion, he says that ultimately, the investment depends on his life situation. He adds that your personal residence is an emotional decision. It's not often an investment decision. Topics Discussed Introduction [00:00] Does He Have Funds for a Rental Property, and Has He Talked to Anyone About Financing? [02:26] Has He Decided on an Area That He is Going to be Investing in? [04:47] What Type of Property is He Looking to Invest In? [06:03] How Does He Feel About a Triplex or a Fourplex? [09:10] Resources Mentioned https://educationrei.ca/ldcourses/property-management-key-policies-and-procedures-for-durham-rei-members/ (Property Management Course – Vault) https://educationrei.ca/ldcourses/your-first-three-properties/ (Your First Three Properties in Real Estate – Vault) Important Links https://educationrei.ca...
Four times the rent with fourplexes are just the beginning when it comes too investing in Quads. Steve Olson VP of Sales for FIG the Fourplex investment Group explains how passive investors can take advantage of superior returns in a turnkey solution real estate investment solution. There's a reason why FIG's new construction fourplex are a go-to investment vehicle. The Fourplex offers the Best of Both Worlds between single family and multifamily with Access to Conventional Loans, Long-Term Equity, Multiple Streams of Income, Recession-Resistant, and Less Vacancy. For the investor FIG provides the product, construction, financing and professional management. Since 2013, the FIG companies have built over 4,000 doors, providing investors with over $500M in cash flowing properties. Learn more about your ad choices. Visit megaphone.fm/adchoices
Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization). Key Takeaways: [4:28] A Fourplex, new home construction deal! [7:05] Tunica Resorts property, the Vegas of the South [8:32] 32% return on invest IS a conservative number in a multidimensional asset class [8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com [9:45] Advice on money, from a letter that Kobe Bryant wrote [15:30] “Refi ‘till you Die” plan [16:20] ROA return on amortization [26:50] Citrus Springs, Florida Website: www.JasonHartman.com Mamba Mentality: The Mindset That Made Kobe Bryant a Master
Bill and Mary Street review what it takes to go from nothing to big multifamily owners. They talk about things to watch out for and things to remember to do as a landlord. The Streets are agents with Colliers International and leaders in the multifamily community.
Buying a fourplex and what's the difference between a beeper and a pager?
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