Podcasts about managing rental properties

Play Episode Listen Later Jan 25, 2024 19:51

On this week's episode, Christina Markoski sits down with Xeina - a professional property manager - as they discuss 7 tips for effectively managing your rental property

7 Tips for Managing Rental Properties

Play Episode Listen Later Jan 25, 2024 19:51

On this week's episode, Christina Markoski sits down with Xeina - a professional property manager - as they discuss 7 tips for effectively managing your rental property

A Better Life with Brandon Turner

#45: Aaron Hale

Play Episode Listen Later Jan 15, 2024 66:11

Aaron Hale is a former Army bomb disposal tech who, after being severely injured in Afghanistan and losing his sight and hearing, has gone on to run ultramarathons, start a successful confections company, and build a cash-flowing real estate portfolio.In this episode, you'll hear why Aaron left a cushy gig as a Navy chef to tackle one of the riskiest jobs in the world. He also shares a detailed account of his injury; exactly what it feels like to go blind and deaf; how he travels, cooks, climbs mountains, and leads teams; and the silver linings he's found along the way.Aaron also talks about: - What it felt like to be blinded by an improvised explosive device and the immediate aftermath of the blast- His recovery at Walter Reed, and going from "why did this happen to me" to "why is this happening for me"- How not consuming TV or social media content has affected his productivity- The role cooking played in his recovery and founding a successful fudge company- Running a 135-mile race in Death Valley and kayaking through whitewater rapids while blind- His first real estate deal, where nothing went according to plan - How he BRRRR'd a Short Term Rental- His advice to his younger self - An epic quote that Brandon might stealBooks mentioned: - The 15 Commitments of Conscious Leadership- Man's Search for Meaning- The Book on Managing Rental Properties by Brandon TurnerAaron's charitable cause:Building Homes for Heroes, a 501(c)(3) that builds and modifies homes for gold star families and injured first responders. Aaron was a recipient of their work; see his story here.Sponsor: BetterLife Tribe, our accountability mastermind dedicated to helping you build wealth without losing your soulConnect with Aaron:- Point of Impact Podcast- Aaron's company, EODFudge- EOD Fudge TikTok ("Cookin without Lookin")

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7 Tips for Managing Rental Properties

Play Episode Listen Later Sep 28, 2023 19:12

On this week's episode, Christina Markoski from Positive Property sits down with Xena, an experienced property manager as they talk about the 7 ways to improve managing your rental properties

7 Tips For Managing Rental Properties

Play Episode Listen Later Sep 28, 2023 19:12

On this week's episode, Christina Markoski from Positive Property sits down with Xena, an experienced property manager as they talk about the 7 ways to improve managing your rental properties

business entrepreneur entrepreneurship partnership real estate massive investors expert loans rental real estate investing perks paperback storybrand dan sullivan hardcover brandon turner amabile managing rental properties

Ep20: The Power of Partnerships in Real Estate Investing - Matthew Amabile

The Wealth Flow

Play Episode Listen Later Aug 10, 2023 53:01

We're thrilled to have Matthew Amabile with us to share his extensive knowledge in generating cash flow through real estate investments, from identifying the right market to collaborating with the right partners. Get ready to hear his invaluable tips to make passive income faster and retire earlier! Key Takeaways To Listen For A newbie-friendly loan program for buying and renovating properties How essential partnerships are in real estate Rental property management tactics you should know Perks of genuinely nurturing relationships in real estate Expert advice on achieving greater real estate success Resources/Links Mentioned In This Episode Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback BiggerPockets The Book on Managing Rental Properties by Brandon Turner and Heather Turner | Kindle and Paperback MLS.com Buildium AppFolio Facebook GoBundance $100M Offers by Alex Hormozi | Kindle, Paperback, and Hardcover 10x Is Easier than 2x by Dan Sullivan and Dr. Benjamin Hardy | Kindle, Paperback, and Hardcover Building a StoryBrand by Donald Miller | Paperback and Hardcover $100M Leads by Alex Hormozi | Paperback Contact Matthew via social media if you want to join his mentorship program, and remember to mention 'The Wealth Flow' during your application process to get a MASSIVE $1,000 discount. Don't pass on this opportunity! About Matthew Amabile Matthew Amabile embarked on a journey towards financial freedom, initially finding himself sleeping on their cousin's couch while nurturing a strong desire for a more fulfilling life. After three years of persistent effort, Matthew achieved financial independence through astute real estate investments. Currently, his focus lies in exploring new destinations and imparting valuable knowledge to others, guiding them on the path to replicate their success and manifest a life filled with their aspirations. Connect with Matthew Podcast: Financial Freedom Fast Podcast LinkedIn: Matthew Amabile Facebook: Matthew Amabile Instagram: @mattamabile Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie Twitter: @BoboLlc80554

From Residential to Self-Storage Investing

How to Scale Commercial Real Estate

Play Episode Listen Later Jul 17, 2023 22:45

Today's guest is Travis Baucom. Travis is the founder, and CEO of Balcomie Capital. Balcomie Capital is a boutique firm for high-net-worth and high-income individuals that specializes in a seldomly invested but well-known property type that performs better than most others. -------------------------------------------------------------- The Challenges of Managing Rental Properties [00:02:25] Transitioning to Self-Storage Facilities [00:01:54] Unloading the Rental Portfolio [00:07:15] The challenges of managing a large portfolio [00:10:05] Transitioning to self-storage facilities [00:11:45] Working on a self-storage development deal [00:16:33] High Net Worth Individuals and Ultra High Net Worth Individuals [00:20:20] Lessons from Flipping Houses [00:21:33] Contact Information [00:22:00] -------------------------------------------------------------- Connect with Travis: Instagram: https://www.instagram.com/travis_baucom/ Facebook: https://www.facebook.com/people/Travis-Baucom/8359225/ Twitter: https://twitter.com/TravisBaucom?s=20 LinkedIn: https://www.linkedin.com/in/travisbaucom/ Website: https://balcomiecapital.com/ Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Travis Baucom (00:00:00) - Like the short term middle business is just like the flipping business in the sense that you're always on, you're always game, you're always having to, you know, focus on customer service, etcetera, etcetera. Storage is like managed. It really is. You set it and forget it. One of my I have 50,000ft² that's managed by one person. 396 tenants. She's awesome. And I call her maybe once a month. Welcome to the How to scale commercial real estate show. Sam Wilson (00:00:27) - Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Travis Barker is the founder and CEO of Alchemy Capital. Alchemy Capital is a boutique firm for high net worth and high income individuals that specializes in the seldomly invested in but well known property type that performs a lot better than others. Travis, welcome to the show. Travis Baucom (00:00:51) - Hey, nice. Nice to. Nice to meet you. Thanks for having me. Sam Wilson (00:00:54) - Absolutely. Travis. I appreciate it. There are three questions, the three questions I ask every guest that comes on the show in 90s or less. Sam Wilson (00:01:01) - Can you tell me, where did you start? Where are you now and how did you get there? Travis Baucom (00:01:04) - Yeah, so I started in the residential space buying single family homes, specifically foreclosures back in 2012. I didn't have a lot of money, so that was kind of that that's if I was going to get into real estate investing, that was going to be the only way to do it. Or at least that's how I saw it. And I really wanted to be in the residential space. Over the next eight years, we bought over 400 houses and then we realized that, you know, this is probably not where we want to be long term. It was going to be a hard place to ever retire from because of the the plate spinning and the wheels that are always spinning. And the residential space made a big switch to self-storage for the most part exclusively self storage. We have a few, you know, hobby projects that we do. But yeah, we, we own over 1800 units of self storage facilities in Texas, one in Oklahoma, very large. Travis Baucom (00:01:54) - We we focus on buying like a mom and pop property and then expanding it. You can make tremendous yield doing that. And as far as moving forward, we're going to focus on the acquisition and the development of Class A self storage facilities. Sam Wilson (00:02:11) - And that's really, really cool. I love that the 400 houses, that's that's a lot of houses to buy. A lot of closings. That's a lot of paperwork. Like how in the world and do you still mean with those rentals with those houses. Travis Baucom (00:02:25) - Yeah So so you had you had to buy it and that's 400 transactions and then you had to sell them, which is another 400 transactions and not including the utility payments and the constructions and the massive amount of employees it takes to manage that stuff. And so, yeah, that's we bought, like I said, in 2012, we bought our first house, bought another house late 2012, 2013, about four houses we started. We kind of were tripping up or falling forward or failing forward, whatever you have have. Travis Baucom (00:02:53) - So we mess up and be like, Man on the next one. We're going to fix that. And then we get to a point where we were buying 5 to 7 houses a month, then 10 to 15 houses a month. It was kind of backloaded, meaning that we kind of, you know, ramped it up. And then 2016, 17, 18, we bought a ton of houses. So 2016, but 56, 2017 was 87, then 2018 was 91 until October of 2018. And then I got I was so burned out of trying to keep it all together, I hadn't been able to take a break. No. Vacation. We didn't have money for vacation. We were just continually putting money back into the system. And I was like, This sucks. Like like give me a job for 75,000 bucks. Like, like, I'll take it immediately. You know, that wasn't even what we lived on, you know, It was just like I was just so miserable that I was willing. Travis Baucom (00:03:46) - Like, I remember seeing a homeless guy once panhandling, and I'm like, man, like, dude, just got it. He's got it so easy. All he has to do is hold out his hat and get paid money and have some sob story. You know, here I am, like trying to keep every banker and construction guy or, you know, contractor at bay and in private investors and employees afloat. Like it was like all on me. It's like that that statue with the dude with the world on his shoulders. You know, it's a horrible way of making wealth and making income. I'll just tell you that. And I will I will debate anyone on that topic because I have the stories to prove it. But yeah, it was there was we made a hard decision in 2018 to quit and just like started we had at that time, we had 40 renovations going, 42 renovations and 72 single family home rentals. And we just I was like, I'm just going to wind down and restart. Travis Baucom (00:04:41) - I like in my head I was like, We should have like 700 grand. When all this is done, everyone will be paid back. Debit card or credit cards will be paid back. In reality, that's not what happened. When we like the the values were greatly skewed. The renovation budgets were way under budget. And you know, when you go 20 grand off of a renovation, it's not like that money just comes out of nowhere. That's a profit from another deal. You had to put in that and you're not able to live on that. You're not able to pay payroll on that. And so no. One, I have not met anyone. There's three operators in America and I know most of the massive house flipping operators. There's three operators that I think actually do well on it. Otherwise, everyone has struggles. I see more people struggle on this single family game. Then I see people successful in the single family. Sam Wilson (00:05:32) - Game and that way you guys were strictly flipping or were you? I heard you say rentals or Yeah. Travis Baucom (00:05:37) - We had 72 rentals to go. We were to my before everything just kind of dried up. I was planning on just like we're going to buy rentals and, and then when I get to 300 rentals I'm not flipping houses anymore and I'm firing everybody. I'm going to hire a really smart person to manage all three of those. And I'm and I'm going to retire because I hate this so much. But you have issues like when you have 72 rentals and they're class C, class B rentals and you have Hvac s, those tenants are too busy surviving to replace the filter. Yep. You know, and if they're not surviving, they're probably, you know, like just doing other things that will cause them to forget to take care of the property or they just don't care. And, and so your AC goes out and then that's all the landlord fault because he put in a crappy AC even though that the AC was new 12 months ago they just, you know like we had this really rough small apartment complex. Travis Baucom (00:06:33) - The tenants would actually take the fiberglass. Uh. A filter out and like strip it and put it in their joints. So. Because he knows why. Why are y'all doing this? Like what? What the hell? This is not good for you. Like, oh, guess it's a little higher. I'm like, Gosh, Oh, my God. Just give me just leave. I just want to be out of this so fast. It was that was that was the worst. I think it's still the worst property in that in that market. Just such a I don't the guy I sold it to is a friend of mine now and he still every time talked to me he hasn't gotten it full so. Sam Wilson (00:07:07) - All right so now we the 65 seven. Travis Baucom (00:07:08) - Yeah. So that's why get out of it. Sam Wilson (00:07:10) - Now we know why you got out of it. What did you do with the rental portfolio? How did you unload that? Travis Baucom (00:07:15) - Just sold. Yeah. So? So 2018 In October 2018, I actually ran out of money. Travis Baucom (00:07:19) - We just were so because everything, everything had just explained, just we were out of cash. And so I was like, well, I can't make payroll and I don't really even like these employees anymore because they they're, you know, that guy is the one that under underbid the property. He paid too much for the property. This guy is the one that paid the drywall bill three times the same guy. I didn't realize that. You know, like all y'all are fired. And so I fired everybody on one one day. And I took I went home. 42 renovations, 72 houses. I list everything we had. And so, like, I spent 2 or 3 days. I was a real I'm a real estate broker and I listed everything I had. And if it was a half done project, we would list it like somebody wants to buy it for what we owe on it, we'll take it. And so at that point, I just took tranches of five. Like, I'll take these five houses and I'll renovate these five houses with these five crews and then these five houses and these five houses. Travis Baucom (00:08:12) - And eventually the crews didn't like the way all of a sudden they had the gravy train. They would just submitted invoice get paid and was like, No, you missed the spot, missus. I was just all of a sudden running my business like a business. And they were used to my construction manager just writing a check whenever they needed any money for anything, for whatever reason. And then. Yeah, And then the 72 houses, like we sold some tranches of those, you know, the property manager was still money. We found out, I found out after every every can everybody that the property manager was actually just kind of milking us, you know, like not, you know, telling us to replace final plant that had been using his construction company to replace all do all the work. So real bad. Just real environment, honestly, was the worst. That's the only word I can think about using. Um, and yeah. And so we just it took me 28 months to unwind all that and then we were out of it. Travis Baucom (00:09:03) - We didn't have most of it. Most of the debt was paid off if the debt hadn't been paid off. We had agreements for those people. And so every bank, despite that catastrophe, every bank got paid back plus interest, every hard money lender got paid back plus interest. Every investor get paid back plus interest. And if they didn't get paid back plus interest and we were setting up monthly payments with them. And so my thought is if I could just took care of the people that helped me get to where I was, then they will help me get to where I want to go. Sam Wilson (00:09:31) - And so and so you said, all right, you had enough enough of the housing game that were you out that killed you. What what did what are you going to do differently? Because, I mean, it's one thing and I'm going to I'm going to offend you here maybe a little bit. But you seem like somebody who likes to shoot straight. So it's one thing to say, well, you know, employees did this, employees did that, employees did this. Sam Wilson (00:09:52) - But there has to be some lessons for you in there as well, like from a from a leadership perspective and also from a in my next company, in my next version of real estate, I'm going to do something differently. What are some of those? Travis Baucom (00:10:05) - Yeah, yeah. And thank you for calling me out on the the the finger pointing. So to say that a different way is not everything that happened in my business was my fault. I did you know, there was so much going on. I didn't know the guy was the drywall guy was getting paid three times for one job, you know, But everything was my responsibility. And that's when I took, you know, and I was so burned out, I'd have been like, just slagging and slagging. And then then I'm like, all right. Like, for me to get out of this without losing everything, gotta make some hard decisions. And so that's when so the 28 months of me like, you know, the first 7 or 8 months of that was pretty painful because we were still out of cash, people wanting money. Travis Baucom (00:10:44) - We were having to explain the same story over and over. And so one thing that I did to choose, you know, I chose not to do. One thing that happened when I decided to take everything home is I read Ray Dalio's book Principles. Um. Good news for everybody that doesn't want to read a book that's 1800 pages, whatever. You can just get on YouTube and Google. Ray Dalio principles. There's actually an animated version of that entire book that goes that's covered, very entertaining. That's done in 34 minutes, so you can learn all the principles. In the book principles that you need to. And so one of those principles for me is if I'm going to invest in something, it has to be making money every day, every week or every month that it has to pay cash flow every day, every week, every month. So flipping a house is just out of the question. Like we might flip a house Just. Just to make a quick buck. But we're not going to build a business flipping houses ever again. Travis Baucom (00:11:45) - Right. And I don't recommend anyone doing that if you're listening to this. And so. So by focusing on assets that make money every day, every week, every month, we eliminated most of the stuff we had been doing. And so the highly speculative, highly value add house buying business. And so. So originally we started buying short term rentals before Airbnb took off. Those are working really well. Those make money every day or every week. And then we're like, All right, hospitality assets are pretty risky in a recession. They don't perform very well. So we're going to need a hedge. So how do we hedge? Just find the most. What is the opposite of a really, you know, hospitality makes really great yield in a good, good market, especially in a good, a good, good economy and a good market. What's the market or what's the asset class that we need to buy in to make sure we hedge for this? And that's where we found storage. And then after we bought our first portfolio storage portfolio, I'm like, I'm selling the short term rentals because because self storage is so easy compared to, you know, driving Friday evening when I'm hanging out with my son and having to fix a whatever, you know, whatever the heck Wi-Fi password issue or something like that, driving 20 minutes and 20 minutes, it goes an hour of my life. Travis Baucom (00:13:00) - And just also, that lady might give me a five star review, you know, And I'm like, that's not the life I want to live. I want to set it and forget it. Like, this is like the short term middle business is just like the flipping business in the sense that you're always on, you're always game, you're always having to, you know, focus on customer service, etcetera, etcetera. Storage is like manage. It really is. You set it and forget it. One of my I have 50,000ft² that's managed by one person, 396 tenants. She's awesome. And I call her maybe once a month. And so like if I think of I need to call, see what's going on, sometimes it's just send a text because she has it down. I can pull up immediately, I can pull up the dashboard and realize, oh, 98.1% of our tenants have paid on the fifth part of fifth of the month. I don't have to worry about it. She'll call me if there's a fire, a robbery or a theft, or if something catastrophic is happening. Travis Baucom (00:13:54) - Otherwise I just need to call her and make sure she knows I'm thinking of her and that she's valuable to my company and that we really think are thankful for her, that sort of thing. So. Right. It's the opposite of like having to like do massive operations and take care of human beings in short term rentals. Sam Wilson (00:14:12) - Oh, human beings and short term rentals or even I mean, just just looking at. Travis Baucom (00:14:17) - Generally. Sam Wilson (00:14:18) - Well, just going back to the flipping business. I mean, my gosh, like, I'm with you, man. I did a lot of it. Not nearly as much as you did, but I did a lot of it. And it's like I just I couldn't go back to it. I couldn't go back to it. Too many moving parts. And I think I think part of what I hear you saying here is building, because for some people, flipping is fun. Like, they want to do that. They want the phones, they want they want the busyness, they want the contractors and the painters and this and that and the closings. Sam Wilson (00:14:43) - And there's something they just enjoy that frenetic activity. But it sounds like for you, you've really want to build a business. It kind of suits who you are, maybe not so much necessarily chasing the like. Travis Baucom (00:14:55) - Hey, totally. Sam Wilson (00:14:57) - Massive empire you're building. Travis Baucom (00:14:59) - So, you know, in 2018, when I wrote down Principles of How I Want my Life to look, yeah, I also wrote down like, because I was so frustrated and sad and angry that I hadn't been able to create the life I wanted in eight years of flipping houses or six years of flipping houses. And so I'm like, What do I really want? I'm like, Well, I want stars. Season passes. I want maps, season passes, I want this, I want that. I want to be able to mountain bike. I want to go for vacations a year with my family. I want to go on four getaways with my wife. All this stuff that I'm writing down, I'm like, I'm going to create this now and fund this environment as opposed to my business owning me. Travis Baucom (00:15:33) - I'm going to actually own the business and it's going to serve me the way I want it to serve. And so that's that's another reason why short term rentals are gone. And self-storage is is where we're headed because we just you know, I can go mountain biking on Monday and I can go mountain biking on Friday and then Tuesday, Wednesday, Thursday can knock all the stuff out I need. And sometimes I don't even have those three things. When we're raising capital, we're really busy. But when when we aren't raising capital, we're just looking for the next deal. And that takes 3 or 4 to five hours a week to do. Right. Sam Wilson (00:16:02) - What's the deal you're working on right now? You know, there has been incredible interest, obviously, in the self storage space. Yeah, I'm thinking back from when I first started really learning about and investing in commercial real estate, which is now seven years ago, you know, self storage was it was warm ish, you know, and it became a very hot asset class. Sam Wilson (00:16:22) - I think it is still has a lot of attraction for a lot of people. But what's a deal you're working on right now? And why is why is it in particular a great deal? Travis Baucom (00:16:33) - Sure. Sure. Yeah. Would like to hit on the reason why self-storage is hot right now is just to work from home is primarily the reason. And then there's a lot of traffic, a lot of trains transitioning of housing. So those two things are driving a ton of demand because if you're if you're at home and Airbnb, who pays a ton of money since you're talking about short term rentals, they pay a ton of money for their employees. And they literally said, hey, indefinitely, you can work remotely, you can work wherever you want. We're not going to tier your salary like Facebook is tearing people's salary depending on where they live. So me living in Waco, Texas, if you work for Facebook, you're going to make a lot less than if you were. San Francisco is call it. They call it like the work work market algorithm or something like that. Travis Baucom (00:17:16) - But Airbnb is like you can work indefinitely. So several buddies of mine in Waco that it would never work for like a national company now just they work for a California company and they make like $130,000. It's a huge salary in Waco. And so so what that says now that you can work at home indefinitely, you just cleared out the room that you had all your boxes in your storage room and now that's your office. And so a lot of that's happening. The deal we're working on right now is in Texas. It's an Austin MSA. It's a city called Georgetown, Texas. It's the wealthy or most expensive, fastest growing. Suburb of Boston. Um, and it is it's grown 35% in five years. So healthy growth is 2% a year according to Gallup. Um, so should have grown 10% it three and a half. That so we're building a huge one of the last C1 zone areas meaning C1 is a zoning that allows storage by special use permit. So there's not going to be that many places that anyone can even build a storage facility or get permission to build a storage facility. Travis Baucom (00:18:27) - So we're building it at the corner at a major intersection in one of the last zoning plots that is allowed to build storage. It's 967 units. It's 107,000ft². It's main. It's going to be managed by extra space, which is about to be soon to be the largest facility owner in America. Um, they have some of the highest or some of the most advanced technology. We're going to get that thing filled up really quick. It's going to be awesome. Um, it looks more like a hotel than it does a self storage facility. It is gorgeous. It's beautiful. And, you know, our our cost is somewhere around 17 million for that stabilized value on the five years, 26 million stabilized value on a ten years closer to 33 million. And that is based on a five and a half cap, which is where public rates are. So buying. Sam Wilson (00:19:18) - Wow, that's cool. I wish we had more time to dig in to have you back on the show here in a few months and just follow up and and get the update on on that project because that mean that's one. Sam Wilson (00:19:31) - So it's a development deal, right? Yeah. There's a lot of ground out there. Yeah. Ground up deal. So people are afraid of development right now. In general, you're in self storage, But yes, it's a hot asset class. But I think on a on a probably dollar for dollar, you know, multifamily to self storage, the dollars probably don't even compare self storage still doesn't hasn't been trading nearly as much as maybe what multifamily has. So I think you're still in a really cool asset class on that front. You're in a booming town in a in a C1, What do you call it? The C one Zoning, Yeah, all of those things together sound like a really fantastic project. Give us just maybe the 22nd version of, Let's see, we're recording this on May 30th. What what, what is capital doing right now? Like, what are, what are someone you have an awesome project like this. Any challenges on that front? Any successes on raising capital in this environment? Travis Baucom (00:20:20) - Yeah. Travis Baucom (00:20:20) - So I'd break it down to people with high net worth individuals and then ultra high net worth individuals, high net worth individuals, which probably were me and you would fall in. We our available cash is either on the sidelines we're not gonna put anywhere or it's in deals. Right. And we're living off of our income don't have an income. But um, ultra high net worth individuals, they are still interested sporadically. The hard thing about storage is, you know, most people's visual or mental picture of a storage facility is just a crappy, like metal building with some boats around it. Maybe a. Breaking Bad meth or something like that. And so it's not really well, well appreciated it at this point. But but yeah, ultra high net worth individuals are still are still committing for deals they are running bigger checks. You also have you have private equity. You get family offices. Those come with a lot of strings attached. A lot of you basically lose a lot of your control that way. But if it's, you know, if you want to get a deal done in 2023, 8.25% interest with wherever the heck inflation is, that might be your only option. Travis Baucom (00:21:32) - Right? Sam Wilson (00:21:33) - Right. Very, very cool. I love it. Travis, thank you for taking the time to come on the show today. I certainly appreciate it. I learned a lot from you, certainly from the pains of flipping 400 houses and then exiting that finding what you're into now, why you love it. I mean, the idea that your phone doesn't ring certainly speaks to my heart. That's a that's an amazing asset class to be. And I'll call you once a month and we'll see see how things are going. So very, very cool if our listeners want to get in touch with you and learn more about you, what is the best way to do that? Travis Baucom (00:22:00) - Yeah, the best way is on our website. It's dot invest in storage deals, dot com. Sam Wilson (00:22:09) - Invest in storage deals. We will make sure we put that there in the show notes. Travis, thank you again for coming on today. I do appreciate it. Travis Baucom (00:22:15) - Yeah, appreciate it, man. Thank you. Sam Wilson (00:22:17) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. Sam Wilson (00:22:21) - If you can do me a favor and subscribe and leave us a review on Apple Podcasts, 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.

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Flashback Friday Ep 26 - Learning To Say NO - Limits To Helping Family

Share The Wealth Show

Play Episode Listen Later Jul 14, 2023 32:45

You don't have to have a lot of money to get started in real estate. Our guest, Don Spafford, proved that you can hustle your way to financial success, and serve other people along the way. In this Flashback Friday episode, Don looks back on how his personal struggles fueled his desire to be in a better financial position in order to help others improve their lives. He considers this as his mission, but he also has words of advice on finding the balance between helping and enabling. Don Spafford has an educational and professional background in Finance and Securities Investing. His wife is from Paraguay and together they enjoy the opportunities they have to travel back to visit family there and to help the communities in South America. When his wife became a realtor around 2010, it motivated him to want to learn how to invest in Real Estate. The family moved from Nebraska to Idaho in 2015, and it was there in Idaho where they got started. He bought his first property, a four-plex, in 2017, then two more 18 months later. He began moving into commercial real estate including ground-up development projects and eventually landed with Happy Camper Capital, providing syndication opportunities in RV campgrounds. He enjoys spending as much time as he can with his family to create lasting memories. His hobbies include coin and bank-note collecting, traveling, and when he can, he likes to watch movies at home. Don has very high moral and religious standards and will not bend his beliefs for anything. His word is his bond. ____________________________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ____________________________________________________ [00:01 - 17:28] Who is Don Spafford? There's more than just education Don talks about struggling to find a job and eventually looking for other ways to improve their cash flow How he and his wife were able to start investing even without being in a strong financial position Leveraging his 401k Finding a local lender with a good downpayment option for investing He lessened the hassle of self-managing by putting up systems for payment [17:29 - 23:37] Uplifting Others through Real Estate Don shares his passion for helping other people His mission in Argentina showed him true poverty and wanting to be a driver of change Real estate has enabled him to be in a position to give back, especially to his family He started a personal finance blog geared towards teenagers and young adults [23:38 - 29:52] Don't Feel Bad for Saying No Setting up boundaries in helping people is important, even if it's hard Judge it based on the situation and what their actual needs are If helping becomes too much of a habit, you're debilitating others and making them not use their own brains and resources to solve their problems. [29:53 - 30:38] Closing Segment Watch out for part 2 of our conversation with Don! Key Quotes “I'd say we've been definitely blessed with more financial security or income through real estate investing. That has put us in a different position where we can do more to help people.” - Don Spafford “We're not just going to give them anything they ask for unless it's an actual need.” - Don Spafford “You got to put some limits on there and control it to before it gets out of hand 'cause once you start getting that habit, then they're going to expect it all the time.” - Don Spafford Resources Mentioned: BiggerPockets The Book on Managing Rental Properties by Brandon Turner Unfu*k Yourself by Gary John Bishop Connect with Don Spafford through LinkedIn https://www.linkedin.com/in/don-spaff... Visit his blog CTR Finance https://ctrfinance.com/ and check out the Happy Camper website https://happycampercapital.com/ _______________________________________________________ Let's get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pe... Instagram https://www.instagram.com/nvestornikk... Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here: https://podcasts.apple.com/us/podcast...

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79: The Hidden Housing Costs Almost Every New Investor Overlooks

On The Market

Play Episode Listen Later Feb 17, 2023 44:35

Your real estate investment's returns could be ruined by a few hidden costs that you don't know about. For the rookie real estate investor, it seems like every investment has the same type of expenses; mortgage, taxes, insurance, repairs, and property management. And while these surface-level expenses are almost always present in a real estate deal, NUMEROUS extra expenses could sink your ship if you don't include them in your deal analysis. So, stick around, or you might get burnt on your next real estate deal! To walk us through the different types of deals and the expenses that come with them, we've got Henry Washington, James Dainard, and Kathy Fettke on the show. Henry, a buy and hold investor, knows that the “cash flow” new investors are calculating is far from reality. He highlights the exact expenses it takes to run a rental property portfolio and why those counting on self-management could be making a MASSIVE mistake. Next, James talks about the often over-glamorized world of flipping houses and the massive haircut investors take when they don't account for closing, construction, and tricky lending fees. Finally, for our passive investor, Kathy goes into the world of real estate syndications, defining the numerous fees many “mailbox money” investors overlook. In fact, investors in these passive deals often don't know when (or how) they're getting paid. You DO NOT want to make this mistake! Stick around to hear it all, so you don't make these beginner blunders next time you get a deal done! In This Episode We Cover The “hidden” fix and flip, buy and hold, and real estate syndication costs Lending fees, penalties, and the BIG cost of borrowing money Seller concessions and what to expect in a buyer's market like 2023 Raising rent and why not doing so could be a huge mistake when building a portfolio Self-management vs. third-party property management and why you ALWAYS need to factor in a fee Real estate syndication payments explained and why so many investors get it wrong The “4-4-4” housing market prediction and whether it could really come true And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James's BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profle Kathy's Insatgram Books Mentioned in the Show The Book on Estimating Rehab Costs by J Scott The Book on Managing Rental Properties by Brandon and Heather Turner The Hands-Off Investor by Brian Burke Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-79 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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(EP: 173) Owning and Managing Rental Properties - Property Management Companies

Winnipeg's Real Estate Podcast (Audio versions)

Play Episode Listen Later Oct 27, 2022 8:58

[00:00:00] Bo Kauffmann - REALTOR: Thinking of owning and managing rental properties. Today I'm gonna talk to a property management company and get some advice for you on this episode of Winnipeg's Real Estate Podcast. [00:00:13] You're listening to The Bo Knows Real Estate Podcast, Tips and Advice for home buyers, sellers, and owners with award-winning reax agent Bo Kauffmann. [00:00:27] Hello everybody. Bo Kaufman Remax Performance Realty, your residential real estate agent. Are you thinking of buying one or more homes or condos to rent out and make some money? Real estate has always been considered a very stable and safe investment. But before we call my friend Jackson Ham of Pillar Property Management, I do want you to be aware of a few things. [00:00:47] I get calls from buyers in Toronto, Vancouver, Montreal, thinking of buying homes to use as rental properties here in Winnipeg. They're always excited by the fact that you can still buy a house around the $250,000 mark, but when they learned that most of those homes would rent for only about 1600 a month, they're a lot less enthusiastic. [00:01:06] Buying and owning rental properties is not a get rich quick scheme. That's a tongue twister. You can't buy one or two homes and expect to make a grand per month profit each. That's just not how it works these days with five and 6% interest rates, you may be lucky to break even. So I'll give you an example. [00:01:23] There was a house in East Kildonan on the market for $260,000 and it advertised that it came with a tenant who would love to stay. That tenant was paying 1,450 a month. Now do the math, mortgage payments plus taxes, plus home insurance, that'll all add up to more than 1,450 a month. So how can an owner make money? [00:01:41] The answer is that the current owner bought that house for around $130,000, and at that price is now making a few hundred dollars a month in profit. So when considering buying a rental property, investors need to take the long view. It's not $500 cash flow, you don't see those kind of numbers, not these days in Winnipeg. [00:01:59] So let's call Jackson of Pillar Property Management and ask him a few question. All right. Hello Jackson. How are you doing today? [00:02:06] Jackson Hamm - Pillar Property Manager: I'm not doing too bad, Bo. How are you doing? [00:02:08] Bo Kauffmann - REALTOR: Excellent. Excellent. So let's get right into it. Pillar Property Management. How long have you guys been around? [00:02:14] Jackson Hamm - Pillar Property Manager: Pillar Property Management. We were established in 2007 and we recently celebrated 15 years in the industry. [00:02:19] Bo Kauffmann - REALTOR: Nice. Okay. And how many homes do you have under contract at the moment? [00:02:24] Jackson Hamm - Pillar Property Manager: We're managing between 400 to 450 doors. And. I'd say that's a mixed bag between single family, multi-family apartment buildings, and condominiums included. [00:02:34] Bo Kauffmann - REALTOR: Okay. All right. So what's your average client look like? Do they have six or eight properties or are they mostly startups with one or two? [00:02:40] Jackson Hamm - Pillar Property Manager: On average we get a lot of startups people with about one or two homes who aren't really quite sure what to do with them and maybe have never done property management themselves. [00:02:47] They come to us to of help them out and we do get a few outliers here and there that have about six or seven units. But by and large, I'd say most of them are about one or two just starting off small. [00:02:55] Bo Kauffmann - REALTOR: Right on. Do you guys offer different levels of service or is it just all inclusive. Like finding the tenant and then managing everything? Or do you have different levels. [00:03:03] Jackson Hamm - Pillar Property Manager: So we only have one level of service here at Pillar. And the reason being is we believe that all of our clients should be treated with the same level of quality as as all the rest of them. And at Pillar we do this because we feel that the work we do should reflect the high standards we hold ourselves to. [00:03:17] Which is why we only really want to go for one. Cuz you know, we only want to provide one, which is would be the highest level of service. [00:03:24] Bo Kauffmann - REALTOR: Okay, so let's just briefly walk through this. Let's say I have a property that I wanna let you manage. There's no tenant in it right now. I come and see you. We sign a kind of a contract. What do you guys do? You guys even go out and advertise and find a tenant. You guys take pictures of property, that kind of thing. [00:03:41] Jackson Hamm - Pillar Property Manager: Yeah. So what we'll do is we'll go out and we'll photograph the property for advertisements, but while there's times of vacancy in the property, especially when we do take new tenants or new clients on, we wanna make it very clear that with our clients, we don't charge any sort of management fees during times of vacancy so that they can be they can feel comfortable knowing that we're only gonna be making money when they are, and we're always acting in their best interest to do okay, [00:04:01] Bo Kauffmann - REALTOR: that's good. So then you find the tenant, you do the background checks and all that kind of. We sure do. And what do you charge for your service? [00:04:07] Jackson Hamm - Pillar Property Manager: We charge a 10% management fee for the service. [00:04:10] Bo Kauffmann - REALTOR: So it's 10% of whatever the rent is. [00:04:14] Jackson Hamm - Pillar Property Manager: That's correct, yes. [00:04:14] Bo Kauffmann - REALTOR: Okay., Now since interest rates have gone from two to 5%. Does it make sense to go out and buy a property to rent out right now? I would say, [00:04:21] Jackson Hamm - Pillar Property Manager: I would say it does. And the reason being is because it's never a bad time to buy real estate. And when you wanna mention that the interest rates were, sitting pretty high right now at around seven. [00:04:30] Historically those are still quite low. Compared to the double digit numbers we used to see in the seventies and the eighties. I would say that don't let these interest rates discourage you. With the rates being as high as they have been in the last decade or so I can understand why people would be hesitant to do but that said there's been a lot more the renter's market has been quite flush with the applicants. So you're gonna see pretty low levels of vacancy across the board, and it won't be too hard to find yourself a really nice applicant to fit yourself in your home [00:04:55] Bo Kauffmann - REALTOR: What do your recent clients look like? Uh, You and I had a brief discussion about that and you said you're getting a lot of homeowners who are unable to sell their houses for one reason or another. Is that your main new client [00:05:06] Jackson Hamm - Pillar Property Manager: right now at the moment with the interest rates the way they are, it is a lot of our clients are coming in because they aren't able to find buyers for their homes. [00:05:13] And so they decided to turn it into a bit of a nest egg investment and put their real estate into their portfolio and make money off of it. A lot of the people that come in these days, a lot of our clients recently have been a lot of young people that are just starting out their careers and looking to diversify their investment portfolio. [00:05:27] As well, we're seeing quite a lot of new Canadians who are, new to the country, but understand that Winnipeg has a really healthy real estate markets and can be uh, pretty profitable to jump into the rental property industry right from the GetGo. [00:05:39] Bo Kauffmann - REALTOR: Okay. Now, if somebody wanted to get into buying rental property, what would you advise 'em how to? [00:05:43] Jackson Hamm - Pillar Property Manager: In Winnipeg if you were to, wanted to get into the rental property industry, I would say start looking for a house that has three bedroom. I think that's a lot of a lot of the times it's the most attractive home renters can look for really attractive to families for one. [00:05:55] And it's going to give you a bit of a higher ROI because you can charge a bit higher rent for something with three bedrooms as opposed to two. And generally it attracts a wide range of applicants as opposed to a two bedroom, which you might see more maybe small families, single renters, that kind of thing. So the three bedrooms would probably be the good place to start if I had to give my opinion on that. [00:06:12] Bo Kauffmann - REALTOR: What about neighborhoods? Are there any neighborhoods that you would recommend that would fit the right price range? [00:06:18] Jackson Hamm - Pillar Property Manager: Any neighborhoods off the top of my head I could think of, be maybe around the Logan and Keewatin areas. [00:06:22] The North End has got a lot of really good investment properties there. And it's often pretty low cost of entry there, if you were starting small, I would recommend, checking with the north end of Winnipeg. There's great real estate around there. And it's usually a low cost entry to get into that market. [00:06:36] Bo Kauffmann - REALTOR: Not the bidding wars. You don't wanna get involved in the bidding war if you're looking for a rental property. Exactly. That was my interview with Jackson Ham of Pillar Property Management, and I have some final words when I come. [00:07:18] After we stopped recording, I asked Jackson what he considered to be the sweet spot of buying rental properties at what price would a home give you the best or the most decent roi? He said that they have a few nice bungalows with double car garages that fetch around $3,500 a month in rent. [00:07:35] And if you can find such a home around the $350,000 mark, there's definitely a demand by tenants for nicer homes. Now 3,500 is way above the average Winnipeg rent. What you get here is you get professionals that have been temporarily transferred to Winnipeg for one or two years and would like to live in a nicer home, and they don't mind paying that, that level of rent. [00:07:56] Just some food for thought. I hope you've enjoyed listening to this episode as much as I've enjoyed creating it, cuz I really do. If you found the information helpful, why not download my free podcasting app? That way you never missed another episode, and I've made it super simple too. Just go to Bo Knows dot home slash apps. [00:08:15] And finally, please give this podcast a five star rating. Again, we've made it super simple. Just go to love the podcast.com/boknows. Thank you so much for listening. Let's do this again next week. [00:08:38] You've been listening to Bo Kauffmann of Remax Performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg? Call Bo at (204) 333-2202. Remember, Bo knows real estate.

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Real Estate: Investing, Rentals, Taxes, House Hacking and More with Brandon Turner

All the Hacks

Play Episode Listen Later Sep 28, 2022 53:31

#80: Real estate investor and author, Brandon Turner, joins Chris to discuss investing in real estate. They discuss who should invest, how people can get started, real estate tax strategies, house hacking, the four wealth generators of real estate and much more.Brandon Turner (@BeardyBrandon) is a podcaster, author and real estate investor with a portfolio of >7,000 properties. Having hosted the BiggerPockets podcast with over 100 million downloads, Brandon is widely recognized as one of the foremost experts on real estate investing. He is also the best-selling author of several books and the founder and of Open Door Capital.Full show notes at: https://allthehacks.com/real-estate-brandon-turnerWatch on YouTube at: https://youtu.be/K4nTzZAkoeQPartner Deals Inside Tracker: 20% off personalized wellness & nutrition plans backed by scienceLinkedIn: Post your job for free and find the candidates your want fasterTrade Coffee: $30 off the best coffees that you can brew at homeDeleteMe: 20% off removing your personal info from the webPacaso: Free early access to listings and $2,500+ in closing credits Selected Links From The EpisodeConnect with Brandon Turner: Website | Newsletter | TwitterBrandon Turner's Resources:BooksBigger PocketsArticle: House Hacking: A Beginners Guide to Hack Your Housing and Live for FreeAll the Hacks Podcast:Protect Your Family, Mitigate Taxes and Preserve Your Wealth with Patrick Hicks and Mani MahadevanResources Mentioned: Credits Cards with 3-4x points on ad spendAmerican Express Business GoldChase Ink Business PreferredThe Everything Guide to House Hacking: Your Step-by-Step GuideInvestment CalculatorFundrisePacasoEventsBigger Pockets EventsMeetup Full Show NotesBrandon shares his points story [2:01]The two things that occupy 100% of Brandon's head space [3:02]Should everyone invest in real estate? [3:54]Ways to get into real estate [5:35]Investing in real estate without moving [10:37]Four wealth generators of real estate [11:50]Tax strategies for real estate investments [15:30]Investing in real estate vs. investing in the market [19:47]REITs as a form of real estate investing [23:27] How investing works with Open Door Capital [24:13]Finding property that can be bumped up in value immediately [27:31]Buying property to flip [28:47]How the current market affects what the average person should be doing in real estate [31:02]How interest rates affect landlords [33:12]Considering an adjustable rate mortgage in today's market [34:13]Should the average person invest in a syndicate? [36:15]Hiring a property manager [38:56]Chris' analog to hiring a property manager: interviewing au pairs [40:52]Applying strategies that work to all areas of your life [42:07]Owning vs. renting [44:48]Brandon's opinion on vacation homes and timeshares [45:18]How to learn the nuances of investing in real estate [48:31]Resources to dive deeper into real estate investing [50:26] PartnersInsideTrackerInsideTracker provides a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. It's created by leading scientists in aging, genetics, and biometrics. They analyze your blood, DNA, and fitness tracking data to identify where you're optimized—and where you're not. With InsideTracker you'll get a daily Action Plan with personalized guidance on the right exercise, nutrition, and supplementation for your body.For a limited time, you can get 20% off at allthehacks.com/insidetracker LinkedInLinkedIn Jobs helps you find the candidates you want to talk to, faster. You can ceate a free job post in minutes to reach the world's largest professional network of over 810 million people. Simple tools, like screening questions, make it easy to focus on candidates with just the right skills and experience so you can quickly prioritize who you'd like to interview and hire. It's why small businesses rate LinkedIn jobs, number one in delivering quality hires versus leading competitors.Every week, nearly 40 million job seekers visit LinkedIn, so post your job for free at allthehacks.com/linkedinTerms and conditions apply Trade CoffeeTrade is a coffee subscription service that partners with top independent roasters and sends the best coffees in the country direct to your home, on your schedule. Their coffee is so good because they have a team of experts taste testing hundreds of coffees from across the U.S. every month – to curate over 450 exceptional coffees that make the cut.So if you want to support small businesses and brew the best cup of coffee you've ever made, try Trade Coffee and get $30 off your first order plus free shipping at allthehacks.com/trade DeleteMeDeleteMe is a simple subscription, privacy service for reducing unwanted personal information exposed on the public Web. They'll remove your cell phone #, address, email, family members and more from hundreds of data broker websites and then continuously scan for new data that shows up and get that removed as well. On average DeleteMe finds and removes over 2,000 pieces of data for a customer in their first two years.Get 20% off a plan for you or your entire family at allthehacks.com/deleteme Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn

Learning To Say NO - Limits To Helping Family

Share The Wealth Show

Play Episode Listen Later Aug 17, 2022 30:38

You don't have to have a lot of money to get started in real estate. Our guest, Don Spafford, proved that you can hustle your way to financial success, and serve other people along the way. In this episode, Don looks back on how his personal struggles fueled his desire to be in a better financial position in order to help others improve their lives. He considers this as his mission, but he also has words of advice on finding the balance between helping and enabling. Don Spafford has an educational and professional background in Finance and Securities Investing. His wife is from Paraguay and together they enjoy the opportunities they have to travel back to visit family there and to help the communities in South America. When his wife became a realtor around 2010, it motivated him to want to learn how to invest in Real Estate. The family moved from Nebraska to Idaho in 2015, and it was there in Idaho where they got started. He bought his first property, a four-plex, in 2017, then two more 18 months later. He began moving into commercial real estate including ground-up development projects and eventually landed with Happy Camper Capital, providing syndication opportunities in RV campgrounds. He enjoys spending as much time as he can with his family to create lasting memories. His hobbies include coin and bank-note collecting, traveling, and when he can, he likes to watch movies at home. Don has very high moral and religious standards and will not bend his beliefs for anything. His word is his bond. Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD. Click here to learn more! [00:01 - 17:28] Who is Don Spafford? There's more than just education Don talks about struggling to find a job and eventually looking for other ways to improve their cash flow How he and his wife were able to start investing even without being in a strong financial position Leveraging his 401k Finding a local lender with a good downpayment option for investing He lessened the hassle of self-managing by putting up systems for payment [17:29 - 23:37] Uplifting Others through Real Estate Don shares his passion for helping other people His mission in Argentina showed him true poverty and wanting to be a driver of change Real estate has enabled him to be in a position to give back, especially to his family He started a personal finance blog geared towards teenagers and young adults [23:38 - 29:52] Don't Feel Bad for Saying No Setting up boundaries in helping people is important, even if it's hard Judge it based on the situation and what their actual needs are If helping becomes too much of a habit, you're debilitating others and making them not use their own brains and resources to solve their problems. [29:53 - 30:38] Closing Segment Watch out for part 2 of our conversation with Don! Key Quotes “I'd say we've been definitely blessed with more financial security or income through real estate investing. That has put us in a different position where we can do more to help people.” - Don Spafford “We're not just going to give them anything they ask for unless it's an actual need.” - Don Spafford “You got to put some limits on there and control it to before it gets out of hand 'cause once you start getting that habit, then they're going to expect it all the time.” - Don Spafford Resources Mentioned: BiggerPockets The Book on Managing Rental Properties by Brandon Turner Unfu*k Yourself by Gary John Bishop Connect with Don Spafford through LinkedIn. Visit his blog, CTR Finance, and check out the Happy Camper Capital website. Let's get connected! You can find Nicole on LinkedIn, Instagram, or Facebook. Visit her website https://noirvestholdings.com LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.

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Episode 50: The Art Of Raising Money with Brandon Turner

The Chasing Freedom Show

Play Episode Listen Later Aug 11, 2022 60:26

This week we celebrate the 50th episode of The Chasing Freedom Podcast and what a better way to celebrate than having on the grandfather of real estate, Brandon Turner. You may know him as a former co-host on The BiggerPockets Podcast, but if you don't he's also the founder and managing member of Open Door Capital,author of The Book on Rental Property Investing, The Book on Managing Rental Properties, The Book on Investing in Real Estate with No (and Low) Money Down, How to Invest in Real Estate, and The Intention Journal Not to mention a huge mentor for Noah on his Real Estate journey. Tune in to hear a little about their journey, and what new investors can do to reach financial freedom. Make sure to check Brandon's business's at https://www.beardybrandon.com or on instagram @beardybrandon Want more from Chasing Freedom? Make sure to follow Noah @noahevans_realestate and check out our website ChasingFreedomRE.com Also, make sure to subscribe, rate, and review. If you like watching our episodes, make sure to subscribe to our Youtube Channel

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Brandon Turner on Content, Leadership and Scale

The Rent Roll Radio Show

Play Episode Listen Later Aug 3, 2022 57:16

Join Sterling Chapman and Brandon Turner today as they talk about content, leadership, and scale. Brandon is a real estate investor, podcaster, author, entrepreneur, and speaker. He shares insights on how to attract people to work with you and his mindset for better leadership. Here's a breakdown of what to expect in this episode: A brief background about Brandon Benefits of having a specific niche The four levels of leadership: how to elevate to that mindset Opportunities during a recession Character is forged through difficult times And so much more! ~ About Brandon Turner: Brandon Turner is a real estate investor, podcaster, author, entrepreneur, and speaker. As the host of the BiggerPockets podcast with over 100 million downloads, Brandon is widely recognized as one of the foremost experts on real estate investing. He is the best-selling author of several books, including “The Book on Rental Property Investing,” “The Book on Investing In Real Estate with No (and Low) Money Down,” “The Book on Managing Rental Properties,” “How to Invest in Real Estate” and “The Intention Journal.” Brandon is also the founder and managing member of Open Door Capital LLC. This private, well-capitalized real estate investment firm helps clients achieve superior risk-adjusted returns through the acquisition of value-add assets nationwide. ~ You can find Brandon Turner on . . . Linktr.ee: https://linktr.ee/beardybrandon ~ Connect with Sterling! Website: https://sterlingchapman.com/ YouTube: https://www.youtube.com/channel/UCQyf4HUYuxd6bHhRPWF8BEQ Facebook: https://www.facebook.com/rentrollradio/

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From The Vault: Top 10 Real Estate Investing Books | Ep. 238

Multifamily Investing Made Simple

Play Episode Listen Later Jul 13, 2022 41:37

For today's episode, we have one from the vault! Dan and Anthony are going to dive into the 10 best real estate investing books.We've read literally a lot of books out there on the subject of real estate investing. These are the 10 best + 1 bonus. The audible version Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications is LIVE!! Sign up for Audible Free Trial[00:01 – 09:47] Bad Investing Advice: Debt Is The Enemy![09:48 – 13:51] Book #1: Rich Dad Poor Dad[13:52 – 16:40] Book #2: The Millionaire Real Estate Investor [16:41 – 18:31} Book #3: Rich Dad Advisors: ABCs of Real Estate Investing[18:32 – 20:39} Book #4: Rich Dad Advisors: The Advanced Guide to Real Estate Investing[20:40 – 22:23} Book #5: The Book on Managing Rental Properties[22:24 – 26:10} Book #6: What Every Real Estate Investor Needs to Know About Cash Flow[26:11 – 29:21} Book #7: Rich Dad Advisors: Tax-Free Wealth[29:22 – 31:02} Book #8: Best Ever Apartment Syndication Book[31:03 – 32:49} Book #9: Raising Capital for Real Estate[32:50 – 36:06} Book #10: Passive Investing Made Simple[36:07 – 39:52] Closing With Book RecommendationReal Estate Finance and Investments Risks and Opportunities"I really want to drive this home the telling your brain that you can't do something versus asking your brain, How would I do? This is such a game-changing mindset shift." – Anthony Vicino"Still, like ABC's is the shallow end of the kiddie pool, and advanced is the deeper side, but it's the same pool, so it's going to feel like a lot of the same stuff." – Anthony Vicino

#115 How To Turn Massive Income To Passive Income

The Passive Income MD Podcast

Play Episode Listen Later Jul 11, 2022 30:06

In this episode, Peter's guest is Brandon Turner. He is the founder and managing partner of Open Door Capital. Brandon is widely recognized as one of the foremost experts on real estate investing. He is the best-selling author of several books including "The Book on Rental Property Investing", "The Book on Investing In Real Estate with No (and Low) Money Down", "The Book on Managing Rental Properties", "How to Invest in Real Estate" and "The Intention Journal". Over the past decade, he was the past host of the Bigger Pockets Podcast of over a hundred million downloads. He has a tremendous track record that he built up through multi-family; including apartments and mobile home parks. Brandon Turner is the keynote speaker at PIMDCON 2022, September 23rd-25th, our Live In-Person and Virtual conference where we help you establish financial freedom through passive real estate.

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Roof Leaks, Managing Rental Properties, and Home Warranty Insight | Homebuyer Talk Radio

Homebuyer Talk Radio

Play Episode Listen Later Jun 16, 2022 27:00

Using a handyman to fix roof leaks. Marc talks with San Antonio top rated handyman, Paul Pacheco, about how quickly and easily his company spots and fixes minor roof leaks. What do home warranties cover? Marc talks with home warranty expert, Shannon Lopez, about what home warranties cover, how to file a claim, and how decisions are made about your claim. Marc talks with real estate expert, Ruben Galindo, about how he manages his 10 rental properties! - Finding renters - Collecting rent - Handling maintenance. Host: Marc Ebinger, Crükus Marketing Agency Website: https://www.crukus.com Guests: Paul Pacheco, PJP Handyman, 210-330-2820 Shannon Lopez, Super Home Warranty, 210-336-7642

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Episode 29: 5 Most Difficult Things About Buying and Managing Rental Properties

The Evernest Real Estate Investor

Play Episode Listen Later May 2, 2022 26:46

Real Estate is sold as “mailbox” money, a simple game of passive income. But there is A LOT more to it than that. Investing and building wealth comes with its fair share of risks, challenges, and headaches. In this episode, Spencer and Gray discuss the five most difficult things that come with buying and managing rentals that every investor needs to know. =================================== We are hiring! Check out our open positions at evernest.co/careers Interested in buying rental property? Go to Evernest.co/realestatepartner to reach out to an investor's agent. =================================== Other Investor Resources: Check out the Evernest deal calculator here➡️ evernest.co/calculator Connect with Matt, Spencer, and Gray: Evernest.co Visit the Podcast Website: Evernest.co/podcasts Email the Show: podcast@evernest.co Investing in real estate without needing to be the expert sounds like a pipedream. Well, it isn't. When you work with Evernest's in-house brokerage team of investor-friendly Real Estate Agents, you get the simplest way to build a local team and grow your rental portfolio all at the same time. Learn more ➡️ https://www.evernest.co/pocket-listings/ =================================== Production House: Flint Stone Media Copyright of Evernest 2022.

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Episode 44: Strategies for Owning and Managing Rental Properties - Angelica Resto, Property Owner & Landlord

Making Money Personal

Play Episode Listen Later Apr 28, 2022 47:22

If you've ever considered the opportunity of buying and owning rental properties, today's guest will inspire you. In this episode, we're joined by Angelica Resto, manager of our South Nashua branch and longtime employee of Triangle Credit Union. Angelica joins us to discuss her experience as a real estate owner and how she manages the responsibilities of running a successful rental property business. Learn more about Triangle's Commercial Services for business planning and funding Learn more about Triangle's Mortgage program or chat with a Mortgage Originator to discuss properry funding options Like what you heard? Go ahead and share on your social media! Visit trianglecu.org to learn more about how we can serve you and don't forget to follow us on Facebook and Twitter!

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COMMUNITY HIGHLIGHT: TIPS FOR MANAGING RENTAL PROPERTIES | PROPERTY MANAGEMENT BASICS

Black Real Estate Dialogue

Play Episode Listen Later Apr 2, 2022 16:51

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!Today is another session of our latest series of the podcast, the B.R.E.D Investing Community Highlight. This will consist of clips from our master classes in the B.R.E.D Investing Community. In this session, Natahcia Scott went over tips that any investor can use to manage their properties effectively. She has many years of successful experience in the industry. So much game was dropped in this clip, so make sure you tune in! If you enjoy the clip, you can hear the full session by joining the B.R.E.D Investing Community for only $1.If you like what you hear, start your 7-day trial of the community for only $1 -> https://bit.ly/joinbredcommunity

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Ryan and Nick: Owning and managing rental properties 101

The Everyday Millionaire Show

Play Episode Listen Later Feb 15, 2022 75:43

Ryan and Nick get together to discuss the basics of buying and managing rental properties. They touch on what makes a good deal as well as how good deals are found or made. Make sure to give us a like and follow!

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Trevor Methena - IT Project Manager & Real Estate Investor

Austin Real Estate Investing

Play Episode Listen Later Dec 9, 2021 33:24

Trevor has one and a half years of real estate investing experience. His current portfolio consists of 6 long term rentals. He's from Leander, TX, however, he grew up in Indiana. The best website to reach Trevor is www.elliny.com. He can also be reached on Social Media on IG: @_elliny & on Twitter: @trevormethena_rei. He has two favorite restaurants in Austin, Perry's Steakhouse & Grille and Cooper's. His favorite mindset books are Managing Rental Properties by Brandon Turner & Extreme Ownership.

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Top 10 Real Estate Investing Books

Multifamily Investing Made Simple

Play Episode Listen Later Dec 7, 2021 40:57 Transcription Available

For today's episode, we are going to dive into the 10 best real estate investing books.We've read literally a lot of books out there on the subject of real estate investing. These are the 10 best + 1 bonus. The audible version Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications is LIVE!! Sign up for Audible Free Trial[00:01 – 09:47] Bad Investing Advice: Debt Is The Enemy![09:48 – 13:51] Book #1: Rich Dad Poor Dad[13:52 – 16:40] Book #2: The Millionaire Real Estate Investor [16:41 – 18:31} Book #3: Rich Dad Advisors: ABCs of Real Estate Investing[18:32 – 20:39} Book #4: Rich Dad Advisors: The Advanced Guide to Real Estate Investing[20:40 – 22:23} Book #5: The Book on Managing Rental Properties[22:24 – 26:10} Book #6: What Every Real Estate Investor Needs to Know About Cash Flow[26:11 – 29:21} Book #7: Rich Dad Advisors: Tax-Free Wealth[29:22 – 31:02} Book #8: Best Ever Apartment Syndication Book[31:03 – 32:49} Book #9: Raising Capital for Real Estate[32:50 – 36:06} Book #10: Passive Investing Made Simple[36:07 – 39:52] Closing With Book RecommendationReal Estate Finance and Investments Risks and Opportunities"I really want to drive this home the telling your brain that you can't do something versus asking your brain, How would I do? This is such a game-changing mindset shift." – Anthony Vicino"Still, like ABC's is the shallow end of the kiddie pool, and advanced is the deeper side, but it's the same pool, so it's going to feel like a lot of the same stuff." – Anthony Vicino"It's always the best way to test your knowledge of something. Just try to teach somebody else." - Dan Krueger "The tax piece seemed like it would be the most boring part. In reality, it was one of the most powerful parts and one of the most exciting parts." - Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Managing rental properties during the pandemic, with professional landlord, Colin Pretty

Lets Talk with Citylets

Play Episode Listen Later Jul 27, 2021 35:13

Professional landlord for over 18 years, Colin Pretty, features on episode 38 of LetsTalk. With a sizeable portfolio in Edinburgh, Colin gives his advice and thoughts on various aspects of buy to let including the effects of the pandemic.

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Owning and Managing Rental Properties in Challenging Times

RRC Now

Play Episode Listen Later May 25, 2021 72:11

In this fast-paced interview, Andrew Cotton, who owns over 500 rental units and manages nearly 1,000 more for others will share his expertise. There is never a dull moment in this business, even more during a pandemic. Learn how to be proactive in managing your rentals no matter what the market throws at you. Only the IRS considers owning real estate to be a passive endeavor. Nothing could be further from the truth. Learn the key goals and processes that can make your rental ownership business run as smoothly as possible.

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Managing Rental Properties: Month-To-Month or Long-Term Leases with Maria Rekrut and Vladimir Reznik

Maria Rekrut and All Things Real Estate

Play Episode Listen Later Jan 13, 2021 35:14

Managing Rental Properties: Month-To-Month or Long-Term Leases with Maria Rekrut and Vladimir Reznik --- Send in a voice message: https://anchor.fm/maria-rekrut/message

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Episode 34: Beginning YOUR Multifamily Journey with Guest Blake Dailey

The Real Estate JAM

Play Episode Listen Later Nov 10, 2020 40:39

Join JD and Melissa on the show today with Blake Dailey as they talk about starting your multifamily journey. Blake is an active duty member of the Air Force while also finding his stride in real estate syndication. From having a negative net worth to generating over a million dollars in real estate within less than a year, he shares his strategy to find great deals and build healthy relationships. In this episode, you'll learn: Ways to bring in people, including family and friends, to earn passive income with you. Becoming that person who creates a positive impact on people's lives. How to develop the correct mindset in "asking people for money". Being intentional with your time to find open hours for your real estate adventure. The value of doing things by yourself to learn the ropes of real estate. And much more! - About Blake Dailey: I absolutely LOVE real estate and the power it has to completely change around a person's finances and how it can open up their world to new possibilities. It has done exactly that for my wife and I, who in just the past year have reached the point of financial freedom through investing in real estate. I am still full time active duty and she is now only a few short months away from earning her doctorate in physical therapy, so we both work full time, but by hustling over the last year we have acquired 11 units (which are a mix of short term and long term rentals) and more than replaced my active duty income - and we are still growing. I've aligned my purpose to help open those same doors for other people. Changing lives one door at a time. With me you are hearing it as it's happening, no smoke and mirrors, no masterful marketing tactics - just a peak behind the curtain with the hope that others can follow my steps if they choose, learn from my mistakes and experiences, and get the takeaways that help them achieve their own version of financial freedom. - You can find Blake Dailey on…. Multifamily Journey Podcast: https://multifamilyjourney.com/podcast/ Website: https://multifamilyjourney.com/ Instagram: https://www.instagram.com/MultifamilyJourney/ Facebook: https://www.facebook.com/groups/multifamilyjourney Resources: Crushing it in Apartments and Commercial Real Estate by Brian Murray https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate/dp/0998381624 The Book on Rental Property Investing by Brandon Turner https://www.amazon.com/Book-Rental-Property-Investing-Intelligent/dp/099071179X The Book on Managing Rental Properties by Heather and Brandon Turner https://www.amazon.com/Book-Managing-Rental-Properties-Screening/dp/0990711757/ Atomic Habits by James Clear https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299 Bigger Pockets Podcast https://www.biggerpockets.com/podcast --- Connect with The Real Estate Jam! Website: https://www.shorefrontrestorations.com Facebook Page: https://www.facebook.com/ShorefrontRestorations Instagram: https://www.instagram.com/shorefrontrestorations/ YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg Email: jd@shorefrontrestorations.com or info@shorefrontrestorations.com

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Managing Rental Properties Effectively #269

How to Money

Play Episode Listen Later Oct 21, 2020 53:19

When either of us are talking with someone and the conversation shifts to the fact that we own rental properties, there’s always the assumption: “It must be a huge pain to deal with maintenance issues!” or “I bet you’ve had some nightmare tenants!”. But in reality that hasn’t at all been our experience even though there are horror stories and personal anecdotes out there. We want potential investors to know that there are steps you can take to ensure that you’ll have a positive experience investing in real estate and managing properties, while simultaneously making money every month and building wealth. We even discuss property managers and when hiring one could make sense. If you’ve thought that you’ll never own rental properties because they sound like too much work, then this episode is for you! During this episode we enjoyed a POG Basement IPA by Scofflaw Brewing! And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times! Best friends out! Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

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The Challenges of Owning and Managing Rental Properties & How To Overcome Them S02,E15

TenantCloud: Property Management Podcast

Play Episode Listen Later May 12, 2020 13:51

With every strategy for wealth building or growth comes risk. And real estate? It's is no different. So whether you are just starting out, or you have been involved in buying or renting out real estate for quite some time, or you're on the property management side considering getting into buying rental real estate yourself, here are five things that you can do to overcome the pitfalls and challenges of owning and managing rental properties. Learn More About TenantCloud Here. --- Send in a voice message: https://anchor.fm/tenantcloud/message

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Episode 11: Managing Rental Properties & Challenges During COVID-19

Rent Estate Podcast

Play Episode Listen Later May 4, 2020 23:58

The COVID-19 pandemic has brought unique challenges to the property management industry. See what Renters Warehouse has done in response. A must-hear episode for any landlord or property manager!Renters Warehouse’s CEO, Kevin Ortner – and Chief Operations Manager and Chief Technology Officer Todd Jable, discuss some of the challenges that the SFR industry has seen due to COVID-19. They share how Renters Warehouse is navigating some of the challenges, and take a look at some fascinating inside stats and data, along with things that they’ve learned. There’s also discussion on general industry data, rent collection, how they’re handling maintenance, and some of the challenges and questions that have come up during this time.Free Resources:Free Renters Warehouse Response Plan: How to Manage Your Property During COVID-19The Renters Warehouse COVID-19 Resource Page

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The Untold Story of Brandon Turner | Real Estate Mentor for the People

The Military Millionaire Podcast

Play Episode Listen Later Jul 19, 2019 49:52

Episode 41: Brandon Turner is the host of the BiggerPockets podcast, Author of several best-selling books, and a loving husband/father! Brandon's books include: How to invest in Real Estate, The Book on Investing in Rental Properties with No (and Low) Money Down, The Book on Rental Property Investing, The Book on Managing Rental Properties, and the 90 Days of Intention Journal. All of which can be purchased here https://www.biggerpockets.com/store In this episode of the Military Millionaire Podcast we talk about Brandon's journey from accidental house hacker to real estate investing mentor. We talk about his biggest regret as a real estate investor, as well as his biggest win! This is just what you need to hear as a young investor…newsflash, he was just like you and I when we started investing! We dive into the three levels of financial independence, how to achieve them, and how the military gives you an unfair advantage by achieving level one at a very young age! We discuss real estate investing as it pertains to hunting, one of the best analogies I have heard! This also explains why so many investors never stop investing…As Mark Cuban says “business is a sport!” Finally, we dig into Brandon's vision for the future for the “$50,000,000 Dollar Surfers” and how he created the coolest vision statement I have ever seen. With a vision this clear several things are clear to me: 1. they will succeed, 2. they will have fun doing it, and 3. I would like to work with a company like this! Haha. Be sure you follow along as they grow to 1,000 units in the next five years! There is even an analogy David Greene would be proud of in this episode! Follow Brandon Turner on Instagram @BeardyBrandon The Vivid Vision by Cameron Harold https://amzn.to/2JktAOO The Four Disciplines of Execution by Chris McChesney https://amzn.to/2RZCpA5 Rich Dad Poor Dad by Robert Kiyosaki https://amzn.to/30hhUlj The ABC's of real estate by Ken McElroy https://amzn.to/2LOI37l The 4-Hour work week by Tim Ferriss https://amzn.to/30nCFMr Deep Work by Cal Newport https://amzn.to/2LJiTGX Digital Minimalism by Cal Newport https://amzn.to/2JvES1f So Good They Can't Ignore You by Cal Newport https://amzn.to/2YyvQad The 10X Rule by Grant Cardone https://amzn.to/2JuQ7aj The Power of Moments by Chip/Dan Heath https://amzn.to/2XqO2kI SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan

Play Episode Listen Later Feb 7, 2019 78:33

Interested in becoming a millionaire through real estate investing? Of course you are!Today’s guest did just that—by age 26!Brandon and David sit down with top-producing real estate agent and investor Graham Stephan as he spills the strategy he used to build massive wealth at such a young age. You won’t want to miss his “fortune formula,” including how he adds value to the deals he buys, how he saved money to invest without missing out on life’s experiences, and how he found work he loved to do so he could work hard while still feeling like he was on vacation.Graham’s passion for real estate carried him to big success through investing, and he shares great advice for using YouTube to grow your brand. He also discusses how skipping college helped make him a millionaire and how he worked with his grandma to fund his first deal! Graham touches on why he feels the future of RE is in development, ways to “make, not just find,” deals in today’s market, what to watch out for with Airbnb, and how he bought a house before he even owned a credit card.DON’T miss this powerful show from someone who made the most of his 20s to set himself up for future success. Download it today!In This Episode We Cover:Started as listing agent in L.A. at age 18Closing over 3 million dollars as a first deal that made him quit collegeThe plan he put in placeWhat he could’ve done betterWhat it’s like buying rental properties at a young ageHack on managing propertiesHouse hacking in LAThe Subway sandwich storyHow Graham became a millionaire in real estate by 26Why going to college would have set him back a decadeThe Millionaire FormulaHis current investments and future plansTips on landlordingAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets MeetBiggerPockets Career OpportunitiesMission MeatsBiggerPockets Youtube ChannelHow I became a Millionaire in Real Estate by 26 (video)BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneDavid Greene’s Youtube ChannelBooks Mentioned in this ShowThe Book on Managing Rental Properties by Heather and Brandon TurnerBuy It, Rent It, Profit! by Bryan M. ChavisThe 4-Hour Workweek by Timothy FerrissTweetable Topics:“If people worth 10 million dollars are buying these properties, chances are this is something I should start paying attention to myself.” (Tweet This!) “You don’t have to deprive yourself to be successful, you just have to be smart about the things you chase.” (Tweet This!)“Going to college for me would have set me back probably almost a decade.” (Tweet This!)“For me, my work is my vacation.” (Tweet This!)“Every year there’s a new opportunity out there.” (Tweet This!)“Landlording is a skill.” (Tweet This!)“If you pick up the phone, you are ahead of 80% of agents out there.” (Tweet This!)Connect with GrahamGraham’s Youtube Channel

312: Conquering Nightmare Rehabs While Working Full-Time with BRRRR Investor James Masotti

Play Episode Listen Later Jan 10, 2019 68:54

Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck!Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job.James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces.He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too. Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents.James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today!In This Episode We Cover:Jame’s entrance into real estate investing while having a professional careerCash reserves and how he plans for CapExHow he finds and funds dealsDealing with tenant evictionsFinding the lender you needWhat a debt cover ratio isWhy he continuously builds funnelsHow to handle when things go wrongAnalyzing and overcoming the dark side of real estate investing!And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBe a Guest on the PodcastBiggerpockets Investor Deal DiariesBiggerPockets Meetup and EventsBiggerPockets MarketplaceBiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling WhiteBiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie DukeBiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick SantonastassoThe Blitzkrieg Rent Collection Plan for Landlords (Blog)What is CapEx in Multifamily Real Estate Investing (Blog)Biggerpockets BookstoreBooks Mentioned in this ShowThe Book on Managing Rental Properties by Heather and Brandon TurnerI Will Teach You To Be Rich by Ramit SethiThe Book on Estimating Rehab Costs by J. ScottThe Richest Man in Babylon by George S. ClasonRich Dad Poor Dad by Robert KiyosakiE-Myth by Michael E. GerberLifeonaire by Steve CookFire Round QuestionsHow to create a deal in partnership?Late rent problems, let me know your strategy!What are the most important rules of thumb you use when analyzing properties?Tweetable Topics:“Real estate is very forgiving.” (Tweet This!)“When you’re looking to scale, you want to have reserves available.” (Tweet This!)“Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!)Connect with JamesJame’s BiggerPockets ProfileJame’s LinkedIn ProfileJame’s Twitter ProfileJame’s Facebook ProfileJame’s Instagram

310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless

Real Estate Investing Classroom (Audio): Experts Teach Real Estate Investing Tips and Strategies

Play Episode Listen Later Dec 27, 2018 55:13

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!In This Episode We Cover:Long-distance principles Jenny uses to invest near her marketHow Jenny uses the BRRRR strategy to systematically grow her portfolioWays to chase financial freedom without a monstrous portfolioHow she has an agent do her due diligence for herThe strategy she uses to “make” deals in a today’s tough marketHer opinion on how to use turnkey properties to get started investingWays to start with fixer-upper properties to get great deals in a hot marketHow she uses hard money to buy “cash” dealsHow she estimates rehab costs before writing offers,Her “accidental” BRRRR storyHow she’s pursuing financial independence with only 10 homes!And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerpockets’ InstagramBrandon’s InstagramBiggerPockets BRRRR GuideHow BRRRR Increases Your ROI (And Why You Should Be Using It)BiggerPockets CalculatorsBiggerPockets BookstoreQuickbooks OnlineCozy Property ManagerBuildium Property ManagerAppfolio Property Management SoftwareBooks Mentioned in this ShowThe Book on Estimating Rehab Costs by J. ScottThe Book on Flipping Houses by J. ScottLong-Distance Real Estate Investing by David GreeneBuilding Wealth One House at a Time by John SchaubThe Book on Managing Rental Properties by Heather Turner and Brandon TurnerRich Dad’s Cashflow Quadrant by Robert KiyosakiTweetable Topics:“The worst that they can say is no.” (Tweet This!)“We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)Connect with JenniferJennifer’s BiggerPockets Profile

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Lesson 736: Cash Flow and Managing Rental Properties

Play Episode Listen Later Dec 6, 2018 9:20

Lex Levinrad explains how to calculate your positive cash flow on rental properties and how important it is to treat it as a business. Listen in for a great tip to calculate if your rental property is a good deal or not, by comparing the cost of rent charged to the cost of the property. To learn more about our Investor Fuel Real Estate Mastermind, please visit InvestorFuel.com.

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Lesson 736: Cash Flow and Managing Rental Properties

Real Estate Investing Classroom (Video): Experts Teach Real Estate Investing Tips and Strategies

Play Episode Listen Later Dec 6, 2018 9:20

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294: Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue

The 6 Figure Flipper With Matt Aitchison - Learn From World Class Investors on Flipping Houses, Buying Rentals & Wholesaling

Play Episode Listen Later Aug 30, 2018 80:14

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!In This Episode We Cover:How Jesse was bitten by the real estate investing bugHow he turned around a property in 6 months that required 8 years of budgeted rehab moneyThe tactics he uses to hire people to help him scale his businessHow he made himself invaluable to a rising star and formed the perfect partnership The questions you need to ask a property manager to determine if they are a rockstar or a dudTips on buying a motelThe “better than BRRRR” strategyAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockThe Surprisingly Simple Reason Why You Feel Stressed (Blog)Rent Manager Property Management SoftwareBuildiumAppFolioBooks Mentioned in this Show4-Hour Work Week by Timothy FerrissThe Book on Managing Rental Properties by Brandon Turner & Heather TurnerThe Snowball: Warren Buffett and the Business of Life by Alice SchroederFire Round QuestionsWhat questions Should you ask property managers in an interview to get a feel for which ones are the best?How do you start a Property Management Company?What is the expected turn around for getting a property ready for a new renter by a property manager?When is self managing too much?What are some of your absolute “No’s” when screening tenants?I am about to have my first renter, what are some do’s and don’t that you would recommend?Tweetable Topics:“When you know the people, you know what’s going on.” (Tweet This!)“If you are unhappy, your systems are broken.” (Tweet This!)“Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!)Connect with JesseJesse’s BiggerPockets ProfileJesse’s Company Website

02: How To Retire With Real Estate Investing In Just A Few Short Years | Brandon Turner

Play Episode Listen Later Mar 18, 2018 39:46

Today we are joined by Brandon Turner, co-host of the BiggerPockets Podcast. Starting out with no money or experience, Brandon built his portfolio one property at a time to currently owning over 50 rental properties. In this show he'll discuss how to creatively put deals together, the perfect mindset for real estate investing and one investing strategy he focuses on today. About Brandon: While working for $8 an hour Brandon sold his first home for a small profit. After that first transaction Brandon became infatuated with the notion of selling real estate for a profit and started house hacking and buying single family rental properties. With a current portfolio of over 50 rental properties Brandon is an expert at creatively finding and financing real estate deals. Now a full time investor Brandon also is the co-host of the BiggerPockets Podcast and is the author of three Real Estate investment books “The Book on Rental Property Investing”, “The Book on Managing Rental Properties” and “The Book on Investing in Real Estate with No (and Low) Money Down”. What you will learn: Why did Brandon start with flipping houses? (5:50) What was Brandon's biggest challenge first starting out and how did he overcome it? (8:00) What does Brandon tell everyone who thinks Real Estate is a “get rich quick” opportunity? (11:35) What are some of the best tools and resources Brandon leverages for his investing business? (15:39) What are the top priorities for any new flipper just starting out in their business? (18:24) Now that he is interviewing some great real estate investors on a daily basis, what are some of Brandon's biggest “ah-ha” moments of the past year? (24:17) What does Brandon's investment team look like? (26:44) What advice does Brandon have for new investors about putting deals together? (29:24) What is the BRRRR strategy? (30:26) What is the one piece of advice Brandon would give to anyone to become a consistent 6 figure flipper? (35:26) Quotes: “I think I was making $8 an hour when I bought my first house.” “Poor people say I can't afford it, rich people ask how can I afford it?” “When you focus on the process and commit for an extended period of time the results take care of themselves.” “I have continually invested in a peak market and down market, but my underwriting became that much more important.” “Once you have the knowledge you can do it again and again and again, nobody can take that from me.” Resources: Help spread this uplifting content by leaving a review on iTunes: http://bit.ly/MMiTunesReview Stay in touch with Matty A: Website: https://mattaitchison.com/ Facebook: https://www.facebook.com/officialmattya Instagram: https://www.instagram.com/officialmattya YouTube: https://www.youtube.com/channel/UCinIteUWBIk-ycgg5i7q99w/featured Free Content: text “REIREADS” to 44222 Connect with Brandon: Website: www.biggerpockets.com BiggerPockets Profile: https://www.biggerpockets.com/users/brandonatbp

#26: Denver House Hacking w/ Craig Curelop

Denver Real Estate Investing Podcast

Play Episode Listen Later Feb 28, 2018 43:52

Today’s special guest is Craig Curelop, a driven lifehacker currently based in Denver, Colorado. After leaving San Francisco, he landed a job as financial analyst at BiggerPockets. Within 2 months from his move, he was able to get a property under contract and started house hacking. When you factor the money Craig is saving from not paying rent, his cash-on-cash is a whopping 64.6%! If you want to give house hacking a try and would like to know how to do it successfully, consider this episode a must-listen! Other Key Takeaways His advice to those who would like to list their property on Airbnb The things he factored in when he bought the property How he goes about the tenant screening process The questions he asks prospective tenants The importance of running a credit check Things he would have done differently His investing strategies and future plans The vision and direction he has in mind a few years down the road His advice to people who would like to follow his route The importance of taking risks and being uncomfortable Why networking and meeting people is crucial Books: The Book on Managing Rental Properties by Brandon and Heather Turner Never Eat Alone by Keith Ferrazzi Links Craig's investing strategy: https://www.denverinvestmentrealestate.com/craig-curelops-investing-strategy/ Cozy.co https://cozy.co/ Airbnb https://www.airbnb.com/ Turo.com https://turo.com/ Mr. Money Mustache https://www.mrmoneymustache.com/ Craig's Profiles Craig's Linkedin https://www.linkedin.com/in/craig-curelop-a6457242 Bigger Pockets https://www.biggerpockets.com/renewsblog/author/craigcurelop/ Need help investing in Denver? Contact Chris at chris@denverinvestmentrealetate.com or 303 548 0846

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Why an entrepreneurial mindset is so critical if you want to be a successful real estate investor, with Brandon Turner

Hooked On Startups

Play Episode Listen Later Aug 29, 2017 45:07

Want to find out some of the critical things you need to know if you want to be a successful real estate investor? In this episode with Brandon Turner we discuss the approaches that really work if you want to be a real estate investor. Is it possible to get into real estate investing with very little money? Brandon has some great suggestions about leveraging what you have for the knowledge and information that you want. We also talk about how having a ton of capital in the bank can actually work against you rather than in your favor. Brandon is an active real estate investor, author, musician, and entrepreneur. He is also the co-host of the most popular real estate podcast online, The BiggerPockets Podcast, with more than 40 million downloads. He's written several popular real estate books, including The Book on Rental Property Investing, the #1 real estate investing book in Amazon. He lives (and invests) in Western Washington State, alongside his wife Heather and new baby girl Rosie. 1:16 - Background on Brandon and his Bigger Pockets Podcast. 2:06 - How he got into real estate investing and why he pursued active investing. 4:14 - Being raised by a “garage sale mom” and learning to always get the best deal possible 4:44 - What led him into real estate and entrepreneurship. 6:06 - Finding his first real estate deal and how he decided to pursue this long term. 8:59 - The mechanics of raising capital for his first deals. 9:49 - Managing the different mentalities of people who want to get into real estate investing. 12:24 - Looking at some of the times Brandon has been tripped up on deals. 14:08 - Advice for people who are looking to get into real estate and part of the mission of Bigger Pockets. 17:27 - Applying internship and apprenticeship ideas to learning about real estate investing. 19:11 - Revisiting the learning stage at various times when entering new asset classes like mobile home parks. 21:01 - Some of the general business development principles that still apply to real estate investing and how having available capital can be a liability. 22:51 - The tradeoff of knowledge and experience for investment capital; three things Brandon identified that you need at least two of to be successful in real estate. 24:41 - Two analogies to describe Brandon’s philosophy on creative investing. 27:05 - Looking at real estate as a business and finding the parallels between other industries. 30:52 - Talking about Brandon’s books and writing from his experiences. 32:34 - The concept of dead space and how it relates to getting things done through daily consistent action. 36:32 - Advice Brandon would give to his 21 year old self. 37:18 - Some things Brandon and Matthew have gotten out of David Allen’s Getting Things Done. 39:19 - The questionnaire. Resources and Links Mentioned: Bigger Pockets Podcast The Book on Rental Property Investing and The Book on Managing Rental Properties https://www.biggerpockets.com/ The E-Myth by Michael Gerber Rich Dad Poor Dad by Robert Kiyosaki The Lean Startup by Eric Ries Getting Things Done by David Allen Hal Elrod Derek Sivers Mike Rowe’s podcast

210: My First Deal Changed My Life! A Newbie Show with Sunny, SunMarie, and Sam

Play Episode Listen Later Jan 19, 2017 62:53

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!In This Episode We Cover:Sunny and SunMarie’s Segment:How Sunny got hooked to the podcastWhy you should consider buying a fourplex as a first propertyHow to find these dealsThoughts on the competitiveness of the real estate marketHow to use house hacking to earn extra cashWhy you should always look out for holding costsHow real estate helped Sunny and his familySam’s Segment:How his mom unknowingly gave him a ticket to real estate investingHow he turned the basement into a rental unitTips for making the financing work on a deal like thisWhy he used an FHA 203K for financingThe benefits of using Airbnb to rent your propertyHow to price Airbnb rentals the right wayHow to use electronic locks and automate the processHis worst tenant experience everAnd SO much more!Links from the ShowBiggerPockets Member’s BlogsWellsFargoBiggerPockets ForumsSchlage Door LocksBiggerPockets WebinarBiggerPockets AnalysisUltimate Beginner’s Guide to Real Estate InvestingBooks Mentioned in this ShowRich Dad Poor Dad by Robert T. KiyosakiThe ABCs of Real Estate Investing by Ken McElroyThe Millionaire Real Estate Investor by Gary KellerThe E-Myth Revisited by Michael E. GerberOutwitting the Devil by Napoleon HillThe ONE Thing by Gary Keller and Jay PapasanThe Book on Managing Rental Properties by Brandon and Heather TurnerTweetable Topics:“House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)“Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)“Imagine your perfect day and then, work backwards from there.” (Tweet This!)“It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)Connect with SunnySunny’s BiggerPockets ProfileSunny’s WebsiteConnect with SamSam’s BiggerPockets ProfileSam’s WebsiteFacebook ProfileTwitter ProfileInstagramLinkedInCustomer Results Property Management

205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm

Play Episode Listen Later Dec 15, 2016 62:23

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!In This Episode We Cover:A quick recap on how Jered got started in this gameWhat market is he in and how it changed over the last couple of yearsWhy he moved his investing from Cincinnati to AtlantaHow he uses partnerships to manage different marketsTips for funding using other people’s moneyThe goal that led to using syndicationSelf-fulfillment rather than just buying moreThe importance of figuring out your “why“How he has the discipline to not spend their quadrupled incomeWhy you should separate out the “business income”How he found his 42-unit apartment complexTips on managing cold calling What criteria was he looking forThe advantages of having dedicated water lines for the unitsThe beauty of adding value to propertiesWhat exactly a resident manager isWhy building structures made the difference in their businessHow he financed this multifamily dealUsing the BRRRR strategy on large multifamilyAnd SO much more!Links from the ShowBP Podcast 124: Building a Real Estate Empire At a Young Age with Jered SturmBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastWhat Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog)BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBuildiumBiggerPockets BookstoreBooks Mentioned in this ShowThe Book on Rental Property Investing by Brandon TurnerThe Book on Managing Rental Properties by Brandon Turner and Heather TurnerTraction by Gino WickmanE-Myth Revisited by Michael E. GerberTweetable Topics:“Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)“We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)“Management makes or break the investment.” (Tweet This!)Connect with JeredJered’s BiggerPockets ProfileJered’s BiggerPockets Author ProfileJered’s Company Website

196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall

Play Episode Listen Later Oct 13, 2016 83:41

What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!In This Episode We Cover:How Brandon realized the need for a CPA through the BP communityHow he grew his firm through the BiggerPockets ForumsThe importance of giving value to othersThe details on his three-unit propertyTips for hiring a “leverage property manager”How to find investors in your communityThe details on his second triplexWhy he focuses on multifamilyHow he funds his deals through FHA loansThe way he looks at PMIA mistake he is guilty of when it comes to inherited tenantsTraining your tenants and other management hacksThe tax benefits of house hackingMistakes he’s made in his real estate investingTips for finding a good CPAAdvice for those deciding whether to use an LLC or notWhat you should know about LLCsThings to know about the “real estate professional” tax designationWhen to hire a bookkeeperCommon mistakes investors make with taxesAnd SO much more!Links from the ShowBiggerPockets MeetBiggerPockets WebinarBiggerPockets Forums (with new leader feature)BiggerPockets BookstoreBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatXeroQuickbooksThe Tax Implications You MUST Understand Before House Hacking (blog)Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog)The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog)BP Podcast 004: Commercial Real Estate Investing With Frank GallinelliBP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal FrankleBooks Mentioned in this ShowThe Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarlandThe Book on Managing Rental Properties by Brandon and Heather TurnerWhat Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank GallinelliIt’s Not Rocket Science by Dave AndersonTweetable Topics:“Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)“You as the business owner should not be in the bookkeeping.” (Tweet This!)“The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)Connect with BrandonBrandon’s BiggerPockets ProfileBrandon’s Company WebsiteBrandon’s LinkedIn

193: Finding and Managing Rental Properties While Working Full-Time with Steve Garner

Play Episode Listen Later Sep 22, 2016 60:28

Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!In This Episode We Cover:How Steve got started in real estateHow to build courage to get started investingDetails on his first dealWhy Brandon and Steve love tenant-proofing their propertiesWhat “REO” meansWhat REIA isHow he landed his second property using HomepathTips for looking at cash on cash returnHow many deals has Steve done so farHow he finds dealsHow he handles CapExHow to puts money aside for CapExSteve’s 10-unit townhomesHow he finances his propertiesThoughts on managing propertiesWhy he’s very particular when a tenant’s about to leaveWhat his full-time job isThe importance of screening and having standards for tenantsAnd SO much more!Links from the ShowDenver Startup WeekBiggerPockets JobsCarlton Sheets CassettesBiggerPockets WebinarBiggerPockets EventsBP Podcast 004: Commercial Real Estate Investing With Frank GallinelliBP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave MeyerBiggerPockets ForumsBooks Mentioned in this ShowThe Book on Investing with No or Low Money Down by Brandon TurnerThe Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather TurnerThe Millionaire Real Estate Investor by Gary KellerRich Dad Poor Dad by Robert KiyosakiLandlording on Auto-Pilot by Mike ButlerThe Success Journey by John C. MaxwellThe Richest Man in Babylon by George S. ClasonHow to Win Friends & Influence People by Dale CarnegieTweetable Topics:“I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!)“The time to get credit is when you don’t need it.” (Tweet This!)“There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!)“Beyond being a continual learner is taking action.” (Tweet This!)Connect with SteveSteve’s BiggerPockets Profile

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187: Building Wealth Through Older Small Multifamily Properties with Dana Bull

Real Estate Investing Classroom (Video): Experts Teach Real Estate Investing Tips and Strategies

Play Episode Listen Later Aug 11, 2016 57:08

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level.In This Episode We Cover:Why Dana and her boyfriend rented in Salem, the infamous place of witch trialsHow she bought a house from 1784Things to note about buying old housesThe numbers on their second propertyWhy she wants to avoid inheriting tenantsWhy Dana seeks one bedrooms with smaller footprintsThe “stepping stone” property for young professionalsWhy lead-based paint is an issueThings she’s learned from being a landlord in her mid-twentiesA discussion on open houses vs. individual showingsHow to deal with tenant issuesHow to know when it’s time to sellThe importance of knowing the end goal and taking steps to get thereHow she managed to juggle full-time jobs and investingHow many properties she has now and why she’s just hitting a “target”What she means by the “building years”How she manages her propertiesWhat it’s like being a woman investorAnd SO much more!Links from the ShowJosh’s Twitter AccountBP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and PhilipBiggerPockets WebinarBiggerPockets ForumsBooks Mentioned in this ShowProperty Management Kit For Dummies by Robert S. GriswoldThe Book on Managing Rental Properties by Brandon and Heather TurnerThe EveryGirl’s Guide to Life by Maria MenounosTweetable Topics:“All of our properties have some sort of story in them.” (Tweet This!)“If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!)“There are so many approaches you can take, and I think the key is to just start.” (Tweet This!)Connect with DanaDana’s BiggerPockets ProfileDana’s Company WebsiteDana’s LinkedIn Profile

Lesson #200: Cash Flow and Managing Rental Properties

Play Episode Listen Later Apr 24, 2016 7:35

Lex Levinrad explains how to calculate your positive cash flow on rental properties and how important it is to treat it as a business. Listen in for a great tip to calculate if your rental property is a good deal or not, by comparing the cost of rent charged to the cost of the property. Get your copy of our FREE "Profiting with Rental Properties" Guide!

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Lesson #200: Cash Flow and Managing Rental Properties

Real Estate Investing Classroom (Audio): Experts Teach Real Estate Investing Tips and Strategies

Play Episode Listen Later Apr 24, 2016 7:34

Lex Levinrad explains how to calculate your positive cash flow on rental properties and how important it is to treat it as a business. Listen in for a great tip to calculate if your rental property is a good deal or not, by comparing the cost of rent charged to the cost of the property. Get your copy of our FREE "Profiting with Rental Properties" Guide!

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152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat