Podcast appearances and mentions of lance edwards

In this episode, host Lance Edwards delves into the world of small balance loans for multifamily properties with guest expert Jack Pomerantz from Walker Dunlop. Jack explains the benefits and features of these loans, including non-recourse terms, interest-only payments, and loan amounts ranging from $1 million to $7.5 million. He also details the eligibility requirements for properties and borrowers, emphasizing the importance of stabilized occupancy and borrower financials. Additionally, Jack highlights the advantages of partnering with experienced investors and accessing Fannie Mae and Freddie Mac's small balance loan programs. The discussion offers valuable insights for those new to small multifamily investments and looking to scale up.

In this episode, Lance Edwards explores the vital role of private money in real estate success with expert Alan Cowgill. Alan shares his journey from corporate America to private lending, explaining the difference between private and hard money lenders and offering tips for finding private lenders. He also discusses deal structuring and provides a free e-book for new and seasoned investors. Tune in for valuable insights to elevate your real estate investing game.

Listen to this concise excerpt from Lance Edwards' weekly Apartment Wealth Nuggets webinar, conducted LIVE with Q&A.  Quick shortcuts to small apartment investing.

Listen to this concise excerpt from Lance Edwards' weekly Apartment Wealth Nuggets webinar, conducted LIVE with Q&A.  Quick shortcuts to small apartment investing.

Listen to this concise excerpt from Lance Edwards' weekly Apartment Wealth Nuggets webinar, conducted LIVE with Q&A.  Quick shortcuts to small apartment investing.

In this episode, Lance Edwards' guest is Aaron Abelson who  delves into various aspects of loan products and financing options, specifically focusing on non-recourse loans. They cover borrower qualifications, perception versus misperception, the loan application process, and the underwriting process with lenders. Additionally, Aaron explores the importance of property management companies and provides valuable tips for investors on preparing for the loan application process and managing their transactions. Lance and Aaron conclude with a discussion on the future of rates and the economy.   Podcast Show Notes:-    1:33 - Types of loan products and range. 4:21 - Bridge financing to get you into the longer-term stable property. 6:55 - Perception and misperception, borrower qualifications about non-recourse loans. 7:21 - Non-recourse loans 11:04 - Non-recourse loans for the novice investor with limited experience and no liquidity.  11:46 - Example of a non-recourse loan. 12:37 - Why do you need a property management company? 14:53 - The non-recourse loan application process, and the mistakes inventors tend to make. 15:58 - Investors are underestimating these expenses. 18:07 - Different types of underwriting and assumptions by lenders. 21:50 - How to contact Aaron Abelson. 23:13 - How much time should investors budget for this process? 28:07 - Bridge loans to acquire and stabilize it with the intent to go long-term loan. 29:14 - The future about rates and what will happen with the economy. Aaron's contact info Aaron Abelson Executive Director - PGIM Real Estate Aaron.Abelson@PGIM.com 312-636-6187 To receive a FREE copy of Lance's best-selling book, How to Make Big Money in Small Apartments, visit www.FreeApartmentsBook.com 

On this weeks episode of The Smoke Break, we talk with comedian Lance Edwards and rapper Julian Outlaw about showing up confidently even when you don't feel like it.We also discuss internalized racism in the black community and for reason a lot of wrestling too.Episodes air on Shady Pines and Pretty Dope Xperience Radio Sundays from 9-10am! Recordings drop Mondays on Spotify and Wednesdays on YouTube at 6pm!

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   What you'll learn in this episode:   Investment options are in flux right now. Interest rates on typical investments have been at an all-time low for the last 12 years, and many people have their retirement funds in cash. Due to the fed raising interest rates on borrowed money, many investment options are improving -- in many cases dramatically. This trend may only last a year or so. To take advantage of the changing economic environment, check out this podcast.   Highlights from the interview:   01:32 Are you sitting on cash with nowhere to put it? Lance reveals where he puts his money.   02:40 Cash is King! Randy explains why.   04:18 For the last 12 years, CDs have only been providing about a 0% interest rate. Is that changing?   04:59 The “yield curve” is defined.   07:55 Where can you get 4.5% interest in a safe investment in three months? Randy reveals! (hint: treasurydirect.gov)   15:56 While rates are higher now than they've been for CDs, are there disadvantages to investing in CDs?   17:25 Lance explains self-directed IRAs and elaborates on the pros and cons.   20:06 Randy expands on the benefits of self-directed IRAs.   24:22 Randy asks Lance if we are in a buyer's or seller's real estate market and segues to the next episode.   Resources:   ·         Go to www.LanceEdwards.com to learn more about Lance and his investments. ·         Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services. ·         If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, How to Make Big Money in Small Apartments. Get Randy's FREE “The Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   We all know the real estate market is changing. In this episode, Lance and Randy share why these changes are creating a fantastic opportunity. However, the current market requires the investor to “be smart.” Learn tactics to “buy smartly” and discover why this is an optimal time to buy small apartments.   Highlights from the interview:   02:09 What does buying “smartly” mean?   04:27 Lance states his exact phrasing to get seller financing in a deal.   06:10 Randy shares his perspective on buying real estate now.   08:25 Lance talks about adjustable-rate mortgages and their impact in today's market.   09:27 Randy shares two “rules of thumb” when investing in real estate.   10:25 Lance discusses a CBRE chart of home values for the last 60 years and what this report says about buying real estate now.   13:35 Randy and Lance offer their opinions about mortgage rates.   14:45 Lance reveals the fundamentals of buying property smartly.   15:09 Randy and Lance talk about the win-win of seller financing.   18:10 Why buying and selling real estate is not just about price.   20:38 Lance reveals how to create forced appreciation.   Resources: ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of "How To Make Big Money in Small Apartments," and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   Most people's time is consumed by meaningless tasks, junk mail, and inappropriate use of their skills. Randy's secret to simplifying your life, making better use of your time, and being more effective is implementing the "4Ds."   Highlights from the interview:   00:56 Lance asks Randy, "What is the first "D" in the "4Ds."   Randy and Lance describe the hows and whys of the 4Ds:   01:05 D1 is "Don't do it!"   02:40 D2 is "Delegate it!"   05:08 D3 is "Do it now!" Randy says to use the 2-minute rule. Lance's requirement is "don't touch it twice."   07:00 D4 is "Delay it." Randy explains that this is not the same as procrastination. Instead, it is "purposeful delaying."   08:02 Lance summarizes the tactics described so far.   08:28 Lance adds an additional practice to simplify your day and be more productive.   09:20 Lance recommends a book, "Atomic Habits." He quotes, "We don't rise to the level of our goals. We fall to the level of our habits."   Resources: ●     Recommended reading: "Atomic Habits," by James Clear to learn about habits and behavioral change. ●     Buy Lance's upcoming book (launching on Amazon on March 1st), "Apartment Alchemy: 50 Ways Small Apartment Owners Can Boost Their Cash Flow and Wealth." 200% of the proceeds of this book are going to the Intrepid Hero's Fund when you purchase on Launch Day, Mar 1st. ●     Go to www.FallenHeroesFund.org to learn about this fantastic charity. ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit ●     If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of "How To Make Big Money in Small Apartments," and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   Your number one asset is your ability to earn an income. But what if life throws a curve ball at you that prevents you from working? What is your safety net? This episode illuminates why "safety nets" and "off-ramps" are imperative to the small entrepreneur. Lance and Randy explain how to forecast these and build them into your retirement plan, even if you are nearing retirement. While the episode focuses on the needs of entrepreneurs, it is also very relevant to W9 employees.   Highlights from the interview:   00:51 Lance paints the predicament of a person ten years away from retirement without a solid retirement plan.   02:48 Randy introduces concepts of "Safety Nets" and "Off-Ramps."   03:40 Randy explains how to insure your income if you can no longer work.   06:35 Randy defines "off-ramps" and suggests how to plan for them in advance.   09:00 Lance asks Randy for clarification of the finer points of off-ramps.   10:18 They discuss the merits of buying investments like real estate.   10:45 Lance describes the dangers and limitations of "the addiction to the cash flow" and the benefits of having a "sellable asset."   14:50 Lance depicts how buying apartments is a robust catch-up plan for both a "safety net" and an "off-ramp." He expounds that you can do this without your own money.   17:00 Randy provides two recommendations to the question, "What is your best investment?"   18:08 Lance explains that the three available roles for people wanting to invest in small apartments are based on the "ROI vs. time" consideration.   21:10 Randy summarizes the options for "safety nets" and "off-ramps."   22:00 Lance expands on his summary of these concepts.   Resources:   ●     Buy Lance's upcoming book (launching on Amazon on March 1st), "Apartment Alchemy: 50 Ways Small Apartment Owners Can Boost Their Cash Flow and Wealth." 200% of the proceeds of this book are going to the Intrepid Hero's Fund when you purchase on Launch Day, Mar 1st. ●     Go to www.FallenHeroesFund.org to learn about this fantastic charity. ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit ●     If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

In this episode, Lance Edwards' guest is Kim Butler, author and founder of Prosperity Thinkers. Kim Butler has shunned common financial products such as stocks, bonds, savings accounts and CDs in favor of creative life insurance strategies outside of the typical financial planning “box”. Tune in as Mrs. Butler will discuss how to combine life insurance with small apartments investing! Begin your journey with Kim's FREE GIFT, the Prosperity Action Pack, by visiting https://prosperitythinkers.com/lance To receive a FREE copy of Lance's best-selling book, How to Make Big Money in Small Apartments, visit www.FreeApartmentsBook.com

Amazed by Peter Arianas' dogged determination and amazing ability to navigate through all the seemingly insurmountable challenges that came up in trying to close his first deal, Lance Edwards once dubbed him the “Poster Boy of Resilience.” After completing one of Lance's early courses in small apartment investing, Arianas was finding himself stuck trying to get started, feeling there was a missing piece. With nothing to lose, flew to Houston to join Lance's hands-on mentoring program. When the deal that Arianas was working on in Akron, Ohio encountered a series of setbacks that would normally overwhelm a first time investor, Lance told him, “If I were you, I would back out.” Fully believing that he could make good money on the deal if he stuck with it, Arianas chose not to take the advice – and his ultimate success earned Lance's utmost respect as one of the organization's early Apartment Champions. What you'll learn in this episode: *Peter is a descendent of Spartans of Thermopylac, which may partially explain his warrior mentality. *In his first transaction as a small apartment investor, Peter wholesaled a 40+ door property in Ohio and made $66,000 – with no experience, no cash, no credit and no support from anyone outside Lance's organization. Lance still uses Peter's incredible story as the epitome of persistence and never giving up. Peter's success has converted a lot of naysayers, and he has helped many others get started in small apartments. *Peter wants to take that never give up attitude to the House of Representatives to help constituents in the Twenty-First District of Florida. *Peter gives a lot of credit for his initial success in small apartments to Lance having his back. He believes listening to Lance to show the way will make a major difference for investors. *Peter admits he was skeptical before he met Lance, but attributes the initial issues holding him back were due to his fears and insecurities. Even when he did the first deal and had a check ready to go, he hesitated in mailing it. Overcoming that fear and dropping it in the mailbox gave him a sense of relief, like everything was going to be fine. Yet he faced many obstacles along the way, including, as Lance says, “the bank going sideways.” He had to call the bank president to get approval. Peter says dealing with the deadlines gave him gray hair! *Despite the obstacles inherent in the deal, Peter just kept thinking he had to get this done. When people in his life acted doubtful, he dug in harder to get things done. He believe it was a good deal for all. Eventually, he got past the obstacles. *At one point, seeing all the frustrating issues going on, Lance suggested Peter let the deal go. Peter appreciated Lance looking out for him, and helping him get the ball rolling – which made him even more determined to press forward. Once Peter closed the deal, he realized there was nothing he couldn't do. *Shortly after finishing the deal, Peter's marriage ended and he lost everything. The success he had with the deal made him think he would be okay – and he was happy he would be receiving monthly payments. *He feels like running for Congress is like a calling on his life – and no matter what happens along the way, he's going to be fine. All because of how he persevered to become a successful small apartments investor. The support team he has assembled for his campaign is impressed that he never says or thinks anything negative. He's brought the mindset gained from that first deal to many areas of his life. *He told an admirer who heard his story, “I'm nobody's hero. I just am persistent and refuse to let defeat beat me. There is no reason to and no one else should.” He relates his feeling to the Biblical imagery of having the faith of a mustard seed. “Just go forward and keep attacking and hitting it. . .and you're going to break through.” The feeling he had in closing the deal was second best only to his daughter being born. *While working for FEMA years ago, Peter penciled his name in on a mail in ballot because the person running didn't have an opponent. That kind of boldness led him to take a more serious shot in 2022. He describes his decision to run as a spiritual decision, where God opened the door. He reflects on the fact that he's had eight businesses – and the opportunity to succeed and fail like he has can only happen in America. He doesn't approve of the way the country is being run and feels his children deserve better. *The biggest frustrations he wants to address are gas prices, food prices and food not on the shelves because of supply chain issues. If he wins, his plan is to be re-elected and serve eight years. He believes in term limits. He wants unrighteous people out of office. *Though the perseverance required is the same, running for Congress has greater challenges,  including people spreading untruths about him, mudslinging, questioning his qualifications – to which he says, Trump had no qualifications when he ran for president, and Florida Gov. Ron De Santis didn't have any conventional qualifications when he ran for Congress either. *When people ask him how he brushes off all the negativity, he says he's been through worse. “We'll be fine,” he says. “The only people he wants to be a hero to are his children.” *His advice for everyone with a goal, small apartment investors and others: “Set your goal and know that's the goal and just focus on the goal. If you don't believe it, go find people who believe in you. Because once you start believing in yourself, nobody can stop you.” He brags on his daughter, who at only 21 has investors lined up to help her open a restaurant when she graduates college. *Peter had a five step plan when he did the first apartment deal, and he has a five step plan on his website www.FLCD21.com. His other is www.ArianasToCongress.com. Resources: www.FLCD21.com www.ArianastoCongress.com www.GreenLightREInvesting.com

In this episode, Lance Edwards' guest is Damon Caldwell. A recent graduate of the Small Apartments Boot Camp, Mr. Caldwell got his start wholesaling in 2017 after serving as a firefighter for several years. He quickly learned about the greater income potential with multi-family units and takes Lance through his process of finding his first deal, getting it under contract and quickly finding a buyer. He emphasizes the importance of mindset and says that the confidence he gained from getting that first deal done now makes him feel he can do anything. Persistence is the key. Tune in as Mr. Caldwell will discuss the details of his first multi-family deal, what he learned about investing in small apartments, the importance of mindset and how he learned from his early mistakes. 

1. Towns or cities with 50,000 residents or more will have to create at least one designated area for pot smokers. Milford Mayor Ben Blake responds to the law and what it means for his city. ((00:10)) 2. We welcomed the new Bridgeport acting fire chief, Lance Edwards, to our show. His goal for the role and a reintroduction to the Smoke Alarm Program. ((07:24)) 3. The Hartford Healthcare Ampitheater announced its opening night details and we want to know how are surrounding businesses capitalizing on the incoming guests for shows? Dan Onofrio of the Bridgeport Regional Business Council gave us the latest. ((20:03)) 4. A two-year arts college is coming to Norwalk next summer. Applications open this August! Co-president of the Conservatory College, Danny George, gave us all the details and the vision for the school. ((27:11)) IMAGE CREDIT: iStock / Getty Images Plus

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss how budding real estate investors can overcome one of their primary fears: Where to find the funds they need. They talk about the various ways to raise capital and the importance of seller financing.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals. They tailor the discussion towards taking steps in the right direction to help start a career as real estate investor or entrepreneur.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss the difference between bad debt and good debt – and how to use good debt prudently to make savvy investments that can pay dividends by producing income, leverage and appreciation in value.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss what Lance calls “the three buckets,” or choices an investor can make – active, semi-active or passive – and how to find deals in any of those categories.  

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy do a deep dive into the math behind the tax saving logic and advantages of having a Roth IRA, which they call “the granddaddy of IRAs.” They also discuss related issues like the Roth 401(k) and the “back door Roth.”

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss year end tax savings strategies and the importance of being prepared with them months before you hit your tax preparer’s office. They also touch on health care deductions and the wisdom of such win-win strategies as having your children work for your business.

Lance Edwards’ guest is Todd Strumpfer, Senior Account Executive with Cost Segregation Services, Inc. He was been with the company for 11 years. If you own commercial property or residential rentals, his services will dramatically reduce your tax liability – and thus increase your tax flow. Cost Segregation allows you to depreciate your building more rapidly to get the tax deductions now rather than later. His company partners with tax professionals to do Engineering based Cost Segregation. It has completed over 20,000 studies in all 50 states for clients who own hotels, office buildings, retail buildings, warehouses, self-storage facilities and other types of buildings.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy interview Todd Strumpfer, Senior Account Executive with Cost Segregation Services. An expert with over ten years of experience, Todd discusses Cost Segregation and how it connects and builds upon standard depreciation. The three also discuss how the CARE Acts plays into it during this time of COVID-19. What you’ll learn in this episode: *Cost segregation got its start in the late 90’s. Opening the door to its general use were cases brought by several businesses arguing that parts of their properties wore out fast than 39 years for commercial properties and 27 ½ years for residential rental properties (arbitrary chosen figures). Since Todd started I the business a decade ago, more and more CPAs and tax professionals are recommending it to clients. Jim Shrever, the Founder of Cost Segregation Services, was a pioneer in figuring out how to make this work to the advantage of smaller building owners. *The IRS allows for depreciation as buildings and inside assets like carpet wear out. If you don’t do cost segregation, you’re doing straight line depreciation. Because of the court cases, the IRS has allowed for building owners to depreciate different items that are part of the property more rapidly. *A cost segregation study involves going in and getting photos of the property, doing a walkthrough, gathering appraisals and different information. Working with analysts, they do what’s called an engineering-based cost segregation, which is different from accounting based. Engineering based analysis goes deep, with up to 70 building components being analyzed to depreciate a building more rapidly. *Todd’s company works with a client’s tax professional to apply the results to their tax returns. They have a depreciation schedule going forward that includes much more than land and improvements or land and building. Every component is broken into their correct appreciable life. “They don’t get more depreciation expense, they just get it a lot sooner,” he says. “It’s a non-cash expense.”

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy recap some of the ideas presented in their previous podcast about Cost Segregation while going into more detail about how to benefit from the CARES Act. As we enter the fourth quarter of 2020, they also discuss practical strategies for year end planning and reducing our annual tax bill. What you’ll learn in this episode: *September 15, the day the episode was aired, was, as Randy says, “the day many small business owners got slapped in the face by the IRS because they. . .didn’t do tax planning from the year before.” *Speaking of late business tax return filings, Randy says owners can make a contribution to an IRA to create a deduction. If you’re self-employed and have no other employees, you can do a SEP. *Prompted by Lance to list a “pecking order of tools,” Randy says a good basic strategy is to “write all the checks you can, spend all the things you need to spend your money on before the end of the year – and you’re gonna push off receiving your income until the year after.” He suggests you prepay whatever you’re allowed to, including insurance premiums and a new vehicle if you need one. He adds, “Get that money spent in 2020 to create all the expenses you can to reduce your capital, cash flow or your income, and then push all that capital and future income out into 2021.” *While saying every individual should ask specifics from their CPA, Randy estimates that you can prepay office rent for one or two months to claim it for the future. “You wouldn’t be able to deduct it,” he says. “The idea is to be able to claim the deduction when you write the check.” *The CARES act, passed in March, allows those who create a net operating loss this year to go back to previous years where they paid taxes and apply that loss towards that income and get the IRS to write a check back to you. Lance confirms, “Whatever your net operating loss is for this year, you can apply it against when you have positive gains up to five years back and get that back at whatever tax rate you were paying.” Randy adds, “You have until you file your tax returns next year to take a cost segregation study from this year and reduce your taxes next year. You have a year on this cost segregation to take advantage of the deductions for 2020.” *Whether you’re a self-employed one-person shop or one with mom, pop and kids, simple things like 401(k)s and SEPs can work to your advantage. The idea is to be able to take pretax dollars and put them into one of these retirement plans to create a tax deduction – and then defer the earnings on those investments over time and pay taxes on them in the future.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss the need to protect your estate plan so that those you designate to inherit your assets when you pass away can get them in an efficient manner. Included among their topics is the importance of “beneficiary designation” and the importance of keeping your beneficiaries up to date as life circumstances evolve.

Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy have a lively exchange about self-directing retirement options. In their view, a retirement account is like a shoebox with multiple investments you can choose and manage yourself – but there are three exceptions. They discuss the value of having a third- party custodian and the advantages of setting up an LLC to direct investments. What you’ll learn in this episode: *If you try to talk about self-directing to typical stockbrokers at large firms like Merrill Lynch or Raymond James, they will generally try to sell you their products versus you being able to tell them what you want to invest in. *In Randy’s view, a retirement account is like a shoebox. Whether it’s a 401(k), SEP or IRA, it has a set of rules dictated by the IRS. But inside that box, you can put almost anything you want, including stocks, bonds, mutual funds, Bitcoin and notes. He mentions three exceptions to this. In general, true self direction means choosing and managing your own investments. *Lance saysthat his broker at a major house told him he could not use his self-directed IRA to invest in real estate – when he knew he could. The problem was this broker had no real estate to sell him. Randy says most likely if you ask your stockbroker about real estate investing, they’ll suggest a REIT: a Real Estate Investment Trust. *Randy refers to Tony Robbins’ book Unshakeable and mentions the fact that out of some 300,000 licensed investment advisors in the U.S., only one percent of those are independent Investment Advisor Representatives (IAR). The others can only sell you products their licenses and firms allow them to. They work inside a system that precludes them from giving the “kind of advice these folks are really looking for.” *Randy mentions the three limitations on the “shoebox” investments. You cannot own collectibles inside a retirement plan, or shares of an S corporation or life insurance. You can own shares of a C corporation, partnerships and LLCs, but not S corps. Some broker dealers will use these and say “things are complicated” to dissuade clients from self-directing. *Lance and Randy discuss the concept of self-dealing, using the example of a rental property to illustrate. If your IRA or retirement plan owns the property, you can’t use it yourself. But if your IRA buys a rental property and you hire a management company to manage it, that’s an allowable transaction. Adding potential value to it by managing it yourself could get you in trouble. Prohibited self-dealing transactions are any that give you direct benefit or usage. *Because banks can only sell you the financial products they have for sale, Randy suggests getting the shoebox out of the bank and move it to a third-party custodian that allows for self-directed investments. The custodian’s role is “holding your shoebox.” You’re still making all the decisions as to what that money will be used for. *Once you find the custodian and pay an upfront fee, you transfer your money from your old bank to the new bank and you can start seeking investments – real estate, gold, silver, etc. If you don’t start using the money to invest, you may have accomplished little while increasing your fees. Randy suggests buying interest in a Delaware Statutory Trust or TIC, because it’s basically a piece of real estate with tenants that is already being managed. *Lance agrees on the importance of finding “something simple and just put the money to work rather than pay fees to the custodial company and making zero percent.” Once you get your investment set up, you should open a self-directed account immediately. *Randy discusses the options that exist with an LLC. If you use your IRA for the down payment, closing costs, signing the purchase agreement and distributing the money to the escrow company, the custodian is going to charge you a fee. If you have a lot of activity, the fees add up, including every time you pay your property taxes and insurance. A better option is, instead of having your IRA buy that rental property, buy it with your LLC and your IRA will own your LLC. Randy calls that “checkbook control.” *The LLC you form has no value at first, but after you have your IRA purchase your LLC, it has all that capital. You don’t own the LLC, your IRA does. Then your LLC is going to buy the property and do the transactions. Everything comes and goes through your LLC checking account (rent deposits in, property taxes out). There’s no third party paying its expenses. It takes a little money to set up the LLC but it’s worth it for the freedom and overall savings it provides. Lance points out that you cannot write yourself a check out of that “checkbook LLC.” That is a prohibited transaction. Resources: www.LifetimeParadigm.com (Randy’s website which has info on self-direction and many other topics) www.LanceEdwards.com www.FIBetter.com

This episode is "Cash is King." Bad things happen, but if you have a large chunk of cash reserves, it'll make it much easier to get through any downturn, whether it's a short one or a long one. What does this mean in terms of dollors, the amount of money you need to have and where should it be? And what if you don't have any cash today? Find out in this episode. Randy Luebke is a registered financial consultant. He's also an independent fiduciary investment advisor and the president of Lifetime Paradigm. His company specializes in working with business owners, real estate investors Lance Edwards is the best selling author of the book How to Make Big Money in Small Apartments. He's the Real Estate Guy. He's the Apartment Guy. Since 2003, Lance has taught thousands nationwide.

Discover the systems Lance implement to continuously get leads, learn about the investment strategy that made Lance quit his job replaced his income, and find out about Lance’s marketing strategies that got him getting deals one after another.   Resources/Links Get immediate access to Lance’s TWO best-selling books in Building Wealth In Real Estate…For Just $1 How To Make Big Money In Small Apartments by Lance Edwards Summary Lance Edwards is a small apartment entrepreneur and educator. He is the author of the best-selling book, “How to Make Big Money in Small Apartments.”  In this episode, Lance shares how you can earn big in small apartment buildings. Find out how he remains to be in the same niche and raking in deals and dollars continuously for as long as he started it a little less than twenty years ago.  Topics Covered:  01:44 – How his real estate career started   03:24 – What would he have done earlier in his real estate career with his stature now  06:06 – Big mistakes he notices newbie investors are making   07:48 – What his idea of marketing is  09:17 – One top marketing technique that works best for him  11:57 – His unfair advantage over other investors  13:25 – How to systematize your deal flow  15:36 – His teaching and training initiative for getting people involved in small apartment buildings  Key Takeaways:  “One piece of advice I will only share with everyone no matter what sector or state you’re in. If you’re straddling between the job that pays bills today and in getting started in your real estate business, here’s my best advice. Do not leave the job that pays the bills to go on to something else until that’s something else is already producing enough income to pay your bills because otherwise, it’s going to be a very, very stressful and likely unpleasant journey.” – Lance Edwards  “Certainly if your intent is to go from employed entrepreneur, make that income at what you’re doing, but don’t increase your lifestyle, increase your lifestyle after you’ve made the leap because if you put your energies fulltime on the entrepreneurial side, you’ll do 10 times what you can do on the employee side income-wise.” – Lance Edwards  “I would say your main emphasis needs to be on your marketing. You’ve got to get your phone ringing. There’s the saying if your phone’s not ringing, you don’t have a business. You have a hobby. You’ve got to constantly focus on marketing to get leads coming in. That’s true of any sector of real estate with regards to an apartment building.” – Lance Edwards  “Too often it’s too tempting for people to get caught up in the emotion of it and they’ll overpay for a property and they’ll come up with some kind of rationalization of why that’s okay to do, but ultimately down the road that’s going to cost them. Stick to the math. There should be no emotion involved in this business.” – Lance Edwards  “Identify what you’re really good at and focus on that. Those things that you don’t like doing is what you want to, as soon as you can delegate that to someone who loves doing that and get that off your desk because the energy release, the energy boost you will have will be so great. You can go focus on what you’re best at and you’ll see your productivity going up.” – Lance Edwards  Connect With Lance Edwards:  Deals and Dollars Club  LinkedIn  Connect with Dave Dubeau: Property Profits Podcast www.davedubeau.com www.investorattractiondemo.com Facebook LinkedIn Enjoyed the Podcast?  Please subscribe on iTunes for updates

Real Estate Investing is SO much more than single family homes. With all of the television shows regarding fixing up houses, it’s easy to forget there are other asset classes. 17% of the American population live in apartments. Apartment investing can be a terrific source of cash flow. Yes they are more expensive and yes the due diligence process is more involved, but it’s not that much more complicated than single family investing. Contrary to popular belief, you do not need to start with single family and “graduate” to apartments. It’s possible to start with apartments! Our guest today, Lance Edwards has been investing in multi-family for many years and now teaches people how to do it. He’s the author of “Big Profits in Small Apartments” and in today’s edition of Flipping America, you’ll learn how you can get your copy of this great book for free.    Plus we will get to some of your questions today. We appreciate the questions - keep em coming!   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday . No meetings in December.  Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.housingwire.com/articles/fha-fannie-mae-freddie-mac-are-all-now-backing-larger-loans/ https://www.housingwire.com/articles/where-will-the-hottest-housing-markets-be-in-2020-go-south/ https://www.housingwire.com/articles/u-s-construction-spending-rises-4-1-from-november-2018/ https://www.housingwire.com/articles/mortgage-rates-start-2020-well-below-last-years-average/ Topic: Lance Edwards, Apartments Your Questions: Send emails to questions@rogerblankenship.com Alphonso, Ringgold, GA, “I have a written a couple of contracts for flips and thought I had good deals, but the hard money lenders I spoke with wouldn’t fund them. They told me they weren’t good enough deals. Can you recommend a different hard money lender?” Caroline, Huntsville, AL, “I just moved to Alabama from California. I have an LLC in California and own a couple of rentals in Utah. I’m about to start buying rentals in Alabama and Tennessee. Do I need to set up an LLC here?” Ashraf, Long Beach, CA, “How does one find rental properties in another state? I do not wish to purchase in California.” Marcus, Milwaukee, WI, “I’m following your lead bro. I just bought a house in Des Moines, IA. I need to get a few things fixed before I seller finance it to someone. How do I find someone over there?” Dawson, Port St. Lucie, FL, “What is your opinion about buy and hold properties along the Atlantic coast? The money seems good, but I worry about hurricanes.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   "Educate your children to self-control, to the habit of holding passion and prejudice and evil tendencies subject to an upright and reasoning will, and you have done much to abolish misery from their future and crimes from society." - Ben Franklin      

Real Estate Investing is SO much more than single family homes. With all of the television shows regarding fixing up houses, it’s easy to forget there are other asset classes. 17% of the American population live in apartments. Apartment investing can be a terrific source of cash flow. Yes they are more expensive and yes the due diligence process is more involved, but it’s not that much more complicated than single family investing. Contrary to popular belief, you do not need to start with single family and “graduate” to apartments. It’s possible to start with apartments! Our guest today, Lance Edwards has been investing in multi-family for many years and now teaches people how to do it. He’s the author of “Big Profits in Small Apartments” and in today’s edition of Flipping America, you’ll learn how you can get your copy of this great book for free. Plus we will get to some of your questions today. We appreciate the questions - keep em coming!

In this episode of Green Light REI, Lance Edwards shares with listeners his excitement over the release of his latest book, As It Should Be, a unique work chronicling seven generations of Lance’s family and its connections to the history of Florida (“Old Florida,” as he calls it) and development of key industries like Citrus. Lance will be donating 200 percent of the proceeds generated by the book on its launch day to the Intrepid Fallen Heroes fund, a top non-profit that serves America’s veterans.

Chris is the best-selling author of Real Estate on Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash or Credit. He's also the founder of SmartRealEstateCoach.com and the Smart Real Estate Coach Podcast. Chris has been in real estate for over 25 years. His experience includes the construction of over 100 single family and duplex homes (mostly 1990's and selectively to date), has owned a Realty Executives Franchise (Massachusetts 1994-2000) as broker/owner which maintained high per-agent standards and eventually sold to Coldwell Banker in 2000. The 2000's included coaching ½ million and higher REALTORs® in order to scale & automate their business throughout the US and Canada. He also participated (and still does selectively) in doing condo conversions (multi-family homes to condos) and “raise the roof” projects (converting single-family ranches to colonials in growth neighborhoods). Chris has been a big advocate of constant education and participates regularly in high-end mastermind groups, as well as consults with private mentors. He runs his own buying and selling businesses with his family team, which buys 2-5 properties monthly, so they're in the trenches every single week. They also help clients do the same thing around the country. Chris and his family team have done over 80 million in real estate transactions. They mentor, coach, consult, and actually partner with students around the country (by application only) to do exactly what they do. What you'll learn about in this episode: Why it is important to find a coach or mentor who has been through and survived recession cycles in their own investment business Why continuing to learn and grow mentally and personally is important for furthering the growth of your business Why you should never personally sign on a bank loan or a loan from a private investor, putting your family's assets at risk Why you should set up lines of credit with financial institutions when you don't need them, rather than trying to get them when you do need them Why you should buy everything on terms, and why you should set up the agreement for the longest term possible How renegotiating your deal and offering a large principal paydown can allow you to extend the terms out even longer Why the Smart Real Estate Coach Deal Structure Sunday videos on YouTube are required viewing for anyone in the terms niche Past podcast episodes and other resources that deal with the above points: Episode 15 with Dr. Joe Vitale: https://smartrealestatecoachpodcast.com/podcasts/joe-vitale/ Episode 56 with Ty Crandall: https://smartrealestatecoachpodcast.com/podcasts/ty-crandall/ Episode 104 with Ty Crandall: https://smartrealestatecoachpodcast.com/podcasts/ty-crandall-2/ Asset Protection Video: Email support@SmartRealEstateCoach.com with subject “Chris said please send PCS link” Episode 86 with Brett Gilliland: https://smartrealestatecoachpodcast.com/podcasts/brett-gilliland/ Elite $1 Million+ Plan: Email support@SmartRealEstateCoach.com with subject “Send me $1M+ plan with Elite” Episode 81 with Lance Edwards: https://smartrealestatecoachpodcast.com/podcasts/lance-edwards/ Wicked Smart Sitdown: Email support@SmartRealEstateCoach.com with subject “Send Wicked Smart Sitdown link” Additional resources: Deal Structure Sunday playlist on YouTube: https://www.youtube.com/playlist?list=PLi7VN88XrySAQCa_NTNwtZwVTpVpHHRYh 31-Day Billionaire Program: www.SmartRealEstateCoach.com/Billionaire Elite Entrepreneurs website: www.SmartRealEstateCoach.com/GrowWithElite www.SmartRealEstateCoachPodcast.com/webinar www.SmartRealEstateCoachPodcast.com/termsbook www.SmartRealEstateCoachPodcast.com/ebook www.SmartRealEstateCoachPodcast.com/QLS http://profitsmattermastermind.com/

Contact: linkedin.com/in/lanceedwards 713-476-0102 Bio: Lance Edwards is the author of the best-selling book, "How to Make Big Money in Small Apartments." His company, First Cornerstone Group, LLC is a real estate education and marketing company which enables both new and experienced real estate investors to accelerate their path to financial independence thru small apartment investing, using other people's money. Houston Business Journal recognized Lance's company as the 13th fastest growing private company in Houston, Texas.  But it all started for Lance in 2002 when he discovered real estate investing as a supplemental income source to his full-time and demanding corporate job. Thanks to his mentor’s advice, Lance skipped the traditional route of single family and started instead with multi-family. His first purchase was a four-unit small apartment building which he purchased nothing-down and with 100% seller-financing. No bank was involved. Over the next 2 ½ years he purchased and flipped 50 more properties, part-time - all using other people’s money. Within three years of his part-time start in small apartments, Lance was able to retire from his twenty-year job in 2005, and focus on real estate investing full-time.  Lance has personally done apartment deals ranging in size from three units to nearly 300 units.  Since 2007, he’s also taught and mentored thousands nationwide on how to get started in small apartment investing (2-30 units), using none of their own cash or credit and with no prior experience. Lance teaches, “start small and then scale-up to mid-size and large apartments.” Whether wholesaling or buying, his student success stories are those of everyday people, mostly beginners, who’s very first real estate deal was a small apartment building.  To hear their personal stories and receive FREE training on how you can get started with small apartments, using none of your own cash or credit, and with no prior experience, visit www.DealsAndDollarsClub.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Gary Pinkerton talks with Lance Edwards, author of How to Make Big Money in Small Apartments and supporter of the Intrepid Fallen Heroes Fund. Lance donates two times the proceeds of his book sales to the Intrepid Fallen Heroes Fund that helps provide care to military personnel suffering from traumatic brain injury and PTSD. Lance and Gary discuss how Lance got started in real estate, why investors should pick multifamily and advice for the reluctant investor. Key Takeaways: [3:34] How Lance got started in real estate [7:13] Anyone can get started in multifamily, you don't have to "graduate" from single family [10:21] What Lance is doing with his book proceeds & the Intrepid Fallen Heroes Fund [14:34] Lance's advice to those considering using real estate as a place to store and grow wealth [17:49] The common thread of those investors who don't find success Website: www.FreeApartmentsBook.com www.LanceEdwards.com www.GreenlightREInvesting.com

Lance Edwards, Owner, First Cornerstone Group, LLC share some expert Tips which will help first time investors overcome common challenges and get started in real estate investing. How do you invest in real estate with no money down? How can first time investors increase deal flow in real estate investing? Is Direct Mail still effective? […]

Lance Edwards is #1 best-selling author of How to Make Big Money in Small Apartments. He's been involved with apartments since 2002. His first real estate deal was a small apartment – a 4-plex he bought nothing down. He's done deals ranging from 3 units to nearly 300 units. He started part-time while working a demanding corporate job and within 3 years retired from corporate America, thanks to small apartments. He's been teaching and coaching apartments since 2007. The largest deal he's done with students is a $11 million flip with 2 students. What you'll learn about in this episode: How Lance made the leap from working in a corporate environment for over 20 years to investing in real estate How to overcome your reservations and complete your first deal, while maintaining your current job to pay the bills What obstacles and limiting beliefs to expect when getting started in real estate, and how to effectively overcome them Why small apartment buildings are a great investment opportunity with the potential for greater profits than single-family How Lance generates small apartment leads, and what method has been an effective “secret weapon” Why Lance considers mistakes to be “expensive lessons”, and how to avoid them in your own business How to effectively scale up your apartment business as you gain experience and feel more comfortable in the space What three productive things Lance does every day to be his best and succeed in business Which business mentors have had the greatest influence on all aspects of Lance's life and why What advice present-day Lance would give his younger self about working in the corporate world Additional resources: Website: www.lanceedwards.com Podcast: www.greenlightreinvesting.com LinkedIn: www.linkedin.com/in/lanceedwards Twitter: @Lance_Edwards SmartRealEstateCoachPodcast.com/ApartmentsBook SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS

What kind of real estate investing generates the most cash flow? What kind of real estate investing has less competition? Is it wise to buy property sight unseen, solely on the numbers? What is the most sound way to evaluate the return on investment real estate? What about investing in small apartments? Jordan Goodman, America's Money Answers Man, walks with small apartment investing guru Lance Edwards about Edwards' personal experience getting started with small apartments and how that experience led to early retirement, wealth, and teaching others to do the same. Goodman and Edwards discuss what makes small apartment investing so feasible as a less than part-time activity and why newcomers can succeed.

What kind of real estate investing generates the most cash flow? What kind of real estate investing has less competition? Is it wise to buy property sight unseen, solely on the numbers? What is the most sound way to evaluate the return on investment real estate? What about investing in small apartments? Jordan Goodman, America's Money Answers Man, walks with small apartment investing guru Lance Edwards about Edwards' personal experience getting started with small apartments and how that experience led to early retirement, wealth, and teaching others to do the same. Goodman and Edwards discuss what makes small apartment investing so feasible as a less than part-time activity and why newcomers can succeed.

Real Estate is one of the best ways to create and grow wealth. My friend Lance Edwards is here to talk about how to get into small apartment investing and create wealth by scaling up. Lance talks about the three methods for creating deal flow including his secret weapon. Lance Edwards is a best selling author, real estate investor, teacher, and radio and TV personality. In this episode, he breaks down what small apartment investing is and how it can be so much more lucrative than single family home investing. He also talks about the advantages of direct seller negotiation including down payments, interest rates, and no personal guarantees. You can find Lance here: Deals & Dollars ClubLance on FacebookLance on Twitter Ask Loral Show Notes [01:50] Lance has been involved with real estate since 2002. He was in the process of trying to find ways to make extra money. [02:38] His first deal was a fourplex with no money down. Within 2 1/2 years he had done 50 deals using other people's money on a part-time basis. [02:55] Within three years of his start in small apartments, he was able to retire from a 20 year corporate job. [03:02] He has been doing real estate full-time since 2005. He has been teaching others how to do the same thing since 2007. [03:16] There is so much less competition was small apartments than single-family. You make bigger numbers for the same effort. Plus you can buy these properties for cash flow or flip them. [03:45] My best-selling book is How to Make Big Money in Small Apartments. [04:37] Rental houses don't have the cash flow that small apartments do. Apartments are built to be income producing vehicles. [05:17] You can buy 10 houses or one 10 unit apartment complex. Start with a small apartment building and scale up. It's all very simple math. [06:36] Learn the business and understand the basics. Then decide if you want to do it yourself or have us do it for you. We do a lot of done for you services to find sellers and buyers. At the end of the day, you need to find sellers and buyers or investors. [07:33] Three methods for deal flow are websites, brokers, or direct mail. [08:06] Brokers can give you access to pocket listings that are not available on the public websites. [08:12] The secret weapon is direct mail. This is sending mail directly to an owner asking if they are interested in selling. This cuts out the competition and gives you direct contact to negotiate for things like seller financing. [09:03] Negotiate your own down payment and interest rate with no personal guarantee. [10:29] When you sign a personal guarantee or recourse loan. The bank can take your property and come after you personally. [10:53] With seller financing, you can purchase a property with monthly installment payments for a few years. There is no credit check, everything is negotiable, and there is no personal guarantee. [11:13] If you default on the note, the seller takes the property back, but they don't come after you personally. [12:22] Flip one, flip one, flip one, hold one is the path to financial success. Create deal flow and flip properties while you cherry pick the ones you want to keep. [13:39] Use other people's money for leverage. Use private investors or self-directed IRA investors. Tap into other people's resources. The only thing that holds you back is deal flow. [15:15] The investor can be a lender or an equity partner. They loan me $50,000 and I give them 6% interest. An equity partner may get 1/3 of the property value and income. [16:56] You can negotiate the terms of your loan with your private lender. Deferring interest will boost cash flow. [18:01] Small, midsize, and large apartments. Corporations own large properties. Midsize is the space of mom and pop investors. [19:39] Everything is the same with the midsize. There are just more zeros on the check. [20:18] Forced appreciation. Increasing the net operating income. Raising rents or reducing operating costs. Raising occupancy also raises value. [25:16] Don't make the mistake of thinking that you are not qualified to get started. Links and Resources: Loral’s Real Money Talks LoopNet MLS Make to Make Big Money in Small Apartments

Lance Edwards

Lance Edwards

Lance Edwards is living proof of his mantra that you do not have to “graduate” from single family to multifamily – you can start with multifamily, just like he did. Lance purchased his first deal (a four-plex apartment) in March 2003 with nothing down. Over the next 2 years, he went on to purchase 50 properties with nothing down on a part-time basis, while working his full-time corporate job.  In July 2005, investing in apartments allowed Lance to retire from his 20-year corporate career to start a full-time real estate business that acquires and flips multifamily properties. In 2007, he added his training business to teach others how to create faster financial freedom by investing in apartments using none of their own money.  Lance has been speaking on how to raise private money and multifamily real estate investing to large and small groups around the country since 2005.  And he continues to aggressively invest in apartments while teaching others to do the same, all with no money down. During This Show We Discuss… Why apartment investing can be better than residential home investing The types of returns you can make when investing in apartments How to find the right property to buy? How to know you're getting the best deal The tactics that work best with buying apartments with no money down How to find investors where you don't need to put money down How to make money on apartments without taking ownership The price range of apartments that is best to work with How many units an apartment should have to consider investing How to this to go from smaller apartment complexes to bigger ones What MAPS is and how it helps you become a better investor When to know it's best to buy and hold versus fix and flip How to find buyers when you decide to sell Whether you should self-manage your apartments or hire a management company How to find the best management company How to get around needing to make expensive repairs And much more...

There are ways to get economies of scale with small apartment buildings and our Best Ever guest shares how you can create that economy of scale and make money with them. We also talk about creative financing to do deals with no money of your own.   Lance Edwards’s real estate background: –        Author of –        Multifamily investor who has done deals ranging from 3 to nearly 300 units –        Active investor since 2002 and is based in Houston, Texas –        Say hi to him at

In the inaugural episode, Thomas Bingham talks to KBMT's Lance Edwards about the midway point of the Texas high school football season. They also dive into notable Week 5 action, and what's ahead in Week 6.

Lance Edwards is the president of First Cornerstone Group and the author of How to Make Money in Small Apartments. He talks to Jason on the ways you can find great deals, why you should always have a management company, and much more on today's show.    Key Takeaways: [1:50] Why are small apartments so great?  [6:50] Lance explains how the market cap rate for the metro area can indicate if it's going to be a good cash flow market or not.  [10:45] How do you find a good management company?  [15:20] Lance explains how you can find a good list of potential sellers.    [18:25] Lance offers three price options for sellers.  [25:30] – For Jason's listeners, Lance is giving his book away for free.    Mentioned In This Episode: http://www.irem.org/ loopnet.com corelogic.com  prospectnow.com  freeapartmentsbook.com

Our guest for this week’s show is multifamily Real estate investor, Lance Edwards. Lance is going to share with us some of the benefits of investing in smaller multifamily properties and why he feels there are multiple competitive advantages in these smaller unit buildings which makes it a great place for investors who are just getting started and are interested in buying their first Multi-family property. In this show you’re going to learn: How to use OPM or other people's money to acquire multifamily properties Why Lance refers to apartments as "Cash Flow" Vehicles What economic fundamentals he looks for in markets he wants to invest in Why cash flow is king and appreciation is just icing on the cake His method for new investors which he calls flip, flip, flip, buy and hold (rinse and repeat) How to use the MLS to find these smaller multi-family deals How he wholesaled an $11 million multifamily apartment building. How he uses direct mail to find a majority of his deals How to get a copy of his free book "How to make big money in small apartments" by going to www.FreeApartmentsBook.com Why he feels strategic partners are extremely valuable and can help accelerate your RE business Why you need to become an expert marketer if you want to succeed as a real estate investor And much more  Recommended Resources: Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Lance and download a few copy of his book by going to http://www.FreeApartmentsBook.com

There are ways to get economies of scale with small apartment buildings and our Best Ever guest shares how you can create that economy of scale and make money with them.   We also talk about creative financing to do deals with no money of your own.   Best Ever Tweet: When you’re making a decision stick to the math.   Lance Edwards’s real estate background: -        Author of -        Multifamily investor who has done deals ranging from 3 to nearly 300 units -        Active investor since 2002 and is based in Houston, Texas -        Say hi to him at     Subscribe in    and    so you don't miss an episode!     Sponsored by Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at

Floyd Smith CEO of Petron Energy II, Inc. back on the show, the stock symbol is “PEII” the company is in the oil and gas space Dr. Patricia Tello  TV host of "Patricia Tello en un minuto".  Doctor in Natural Medicine. She practices what she calls "The Therapy of Love". Best selling author of theThe Winning Way with Brian Tracy, and soon will be publishing her new book "Quantum Love". The New Medicine, that will be published in both English and Spanish Tom Skerritt is an award winning actor who has appeared in more than forty films and more than two hundred television episodes since 1962.  He is known for his roles in MASH, Alien, Top Gun, A River Runs Through It, Steel Magnolia, and the television series Picket Fences Lance Edwards  #1 best-selling author of How to Make Big Money in Small Apartments.  He's been involved with apartments since 2002. His first real estate deal was a small apartment – a 4-plex he bought nothing down. He's done deals ranging from 3 units to nearly 300 units. He started part-time while working a demanding corporate job and within 3 years retired from corporate America, thanks to small apartments. He's been teaching and coaching apartments since 2007. The largest deal he's done with students is a $11 million flip with 2 students