What does the end goal look like in your business?For our special guest today, Gabe Bowling, it's building an indestructible business that can operate without you and will last for generations. We'll be diving into his experience in working w/ Grant Cardone all the way to buying $18,000,000+ in Real estate. Excited for you all to tune in to this episode!
I'm Nic DeAngelo, known as the ""Fixed Income GOAT"" in real estate circles. With a $206M+ portfolio, I fuse economic foresight and real estate prowess for an exciting and value-driven discussion for podcast audiences.We invest by two foundational beliefs:- Wall Street is broken. Real Estate is the cure.- Economics tells the future.As CEO/Founder of Saint Investment Group, I lead a veteran team acquiring institutional-grade real estate assets nationwide. Our 20+ state portfolio, 24 projects, and 500+ loans showcase our strategy-driven prowess, with Saint on track to raising $100M+ yearly. I've received praise from high-level podcasters like Hunter Thompson, Tyler Lyons, and Jonathan Cattani with me being the guest on some of their highest-reviewed episodes. My data-driven investing approach. For this reason, every podcast I've been featured on has invited me back for updates on the compelling economic insights we've reviewed on their shows. My knack for simplifying complex theories allows me to provide you with dense material in an entertaining bite-size way.. Nic DeAngelo is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Nic DeAngelo? Reach out at https://saintinvestment.com/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at firstname.lastname@example.org or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of reaInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
Quick Take - (Full Episode - #56 - Link Below to Full Episode) We're talking with a young investor who is making an excellent living investing in a mixture of new development, land, and long term buy and hold properties. Meet Dan Haberkost! Dan's goal is to build a real estate business and portfolio that allows him the freedom to live and work wherever he wants. Check out his Instagram, and it's all photos of his projects, the mountains, and the beach. Snowboarding, surfing, hiking, and mountain biking - what a life! Dan's early start came when, as a high schooler, he managed a portfolio of properties for his employer at the time. He learned, listened, and studied what he saw, allowing him to shorten the learning curve and make an enormous amount of progress in just a few years. After driving west to visit his brother, Dan quit his job in 2018, moved to Colorado, and never looked back! Learn about buying and selling vacant lots, and infill lots, and what to do when a municipal situation changes drastically (such as what happened to Dan in Pueblo West when the town stopped granting permits to build due to a lack of water!) Things we discussed in this episode: - How Dan became interested in real estate investing - Building a network in a brand-new town without knowing anyone - What lessons Dan learned from early mentors - How did Dan translate his motivation into replicable systems? - What Dan learned during Brent Bowers' Land Sharks class (see episode 55) - Why Dan has pivoted his business from Colorado to Florida. - What is Dan's end game and hoping to accomplish in the long run? - Understanding the quiet title process - When Dan left his W-2 job and how that affected his ability to secure financing :: Link to Full Episode - https://youtu.be/soUDbiP3EXI Get in touch with Dan: Instagram - https://www.instagram.com/danhaberkost/ Facebook - https://www.facebook.com/dan.haberkost.3 Website - https://danhaberkost.com/ I Build Freedom - https://www.ibuildfreedom.com/r/a Join Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #buyingland #puchasingland #taxlieninvesting #landinvesting #househacking #infilldevelopment #financialindependence #financialfreedom #coloradorealestate #floridarealestate Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Help us Spread the Word If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
Zachary Beach is the CEO/ Partner of Smart Real Estate Coach, a 2x Inc 5000 Fastest Growing Company focusing on transforming W2 employees into creative financing real estate investors. With a passion for business building, he is also a Partner in Original Real Estate, Wicked Smart Finance, and NatProcessing.com. Zachary is a 3x Amazon Best-Selling Author of Real Estate on Your Terms, New Rules of Real Estate Investing, and Sell with Authority for Real Estate Investors and co-host of the Smart Real Estate Coach and Not Just A Transaction podcasts. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 01:53) Opening Segment - Zachary is introduced as the guest Hosts - Zachary shares something interesting about himself (01:53 - 26:10) Bartender to CEO of a Real Estate Company - Zachary's first investment and how did it work - How he started in real estate - Shares about "surrender experiment" book by Michael Singer - What is buying real estate on creative financing - Is it getting harder to do subject to terms? - What is your transformers process to help WM2 employees to become real estate investors - How are you capitalizing on the current real estate market? - Would creative financing strategy will only work on a certain market? - Zachary shares some of his mistakes he have made (26:10 - 33:09) Fire Round - Zachary shared if he would change his investment strategy - Zachary also shares his favorite Finance, real estate book, or any related book - Also Zachary shared about the website and tools that he can recommend - Zachary's advice to beginner investors - Also shared how he gives back (30:34 - 31:43) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Check us out at: Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs
Today's guest is Sean Tagge. Sean is a Biomedical Engineer turned REI. He uses a data and science approach to investing. 1500 SFR and 750 MF doors. Show summary: Sean shares his journey from flipping single-family houses to multifamily syndications, discussing the importance of measuring progress and accountability in real estate investing. He also talks about the challenges he faced during his first multifamily project, the benefits of investing in Nashville, and his recent acquisition of a 206-unit property. Sean emphasizes the importance of using a data-driven approach in real estate and shares his strategies for securing deals and managing properties. -------------------------------------------------------------- Intro (00:00:00) Sean Tagi's Background and Real Estate Journey (00:01:13) Analyzing and Investing in a Multifamily Property (00:07:24) The cost of living in Nashville (00:10:01) Using a scientific approach to investing (00:10:59) Renovating and raising rents in the property (00:16:11) The phone answering race (00:20:01) Measuring and reporting data (00:21:27) Simplicity of focusing on one trade (00:22:40) -------------------------------------------------------------- Connect with Sean: Linkedin: https://www.linkedin.com/in/seantagge/ YouTube: https://www.youtube.com/@SeanTagge Web: https://acornea.com/multifamily/ 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 → email@example.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: Sean Tagge (00:00:00) - What gets measured gets done. And then I think add on top of that what gets measured and reported on the rate of improvement increases. So it's just having that accountability is like, hey, you know here here we're at in the project and every week we're just following up on the numbers. Here's where I'm on our budget. Here's how much is completed. Here's the goal I mean, like you don't even really need to say much after that. You just look at the data and the person who's responsible for it can just see, oh, I'm ahead or not on this. And then it gives you a lot of opportunity for coaching and help and giving them tools to succeed. Welcome to the how. Intro (00:00:36) - To scale commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:48) - Sean Tagi is a biomedical engineer turned real estate investor. He uses a data and science approach to investing. He currently has 1500 single family residence doors and 700 and multi 750 multifamily doors. Sam Wilson (00:01:02) - Sean, welcome to the show. Sean Tagge (00:01:04) - Hey Sam man. Super excited and honored to be on the show with you. And yeah, excited to dive on in. Hopefully, you know we can get some good golden nuggets for the audience. Sam Wilson (00:01:13) - Absolutely Sean. Appreciate you coming on today. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there? Sean Tagge (00:01:23) - Yeah, started in Memphis, Tennessee. I moved from Utah to Memphis and joined on with some partners and started doing turnkey single family flips. So flipped 1500 single family houses. I came on as a VP of operations and got made partner after two years. Ramp that up a lot. That business. We're up to doing about 320 houses a year at one time in the heyday, and then about 3 or 4 years ago started doing multifamily syndications and syndicated about five different complexes in $750. And we currently have 650 that were still in the operating phase. Sam Wilson (00:01:59) - Wow. Okay. So you came on as partner there at a firm here in Memphis, and you guys did your you helped do 1500 single family residence flips and then you guys and you're doing more. What did you say on average I guess 320 a year. Sean Tagge (00:02:14) - Yeah. The highest we did in one year. But yeah 250 or so a year to three, 320. Yeah. Sam Wilson (00:02:19) - That's rolling. I mean that's a house every single day almost. Sean Tagge (00:02:23) - Hey we were yeah that was our goal house a day. You know it keeps the doctor away. We were trying that got up there. It gets a little hectic after a while. Sam Wilson (00:02:32) - Yeah no I can't I mean I don't even want to imagine that. Right? I mean, like there's some businesses where you're like, oh my gosh, someday, like, maybe we'll grow to that size. Like I have no aspirations of that. When I think about that, I'm like, no, man, I'm already bald. Like, I don't I don't ever want to do a house. Sam Wilson (00:02:46) - Yeah, I don't care what the payoff is. That's that's a. Sean Tagge (00:02:49) - Lot. There's only a few in the whole country that even do up to there. I mean, I only knew maybe five that were in the 300 plus in the whole country. And yeah, it's for a reason. And that's kind of why we started flipping. Had rather do 100 houses one time instead of 100 houses 100 times. Right. So multifamily. Sam Wilson (00:03:07) - Right. So you got a new multifamily and did you do this on your own or there with that firm here in. Yeah, with. Sean Tagge (00:03:11) - The same partners. We kind of had a lot of big investor lists. I already had rental crews and everything. And it's a lot easier for them to do 20 doors in one little area instead of 20 kind of spread out. So yeah, it just really helped out from that, that perspective and just kind of started slowly growing. Sam Wilson (00:03:25) - That did there's because was there a shift in the model? Because in the turnkey residence model, you know, it's it's for most turnkey providers at least it's buy the house, renovate it, put a tenant in place and then sell that individual home off to an investor. Sam Wilson (00:03:41) - But when you're doing an apartment complex, the model is typically as a syndicator, raise the money, buy the apartment complex, hold it in house, execute the business plan, and sell it later on down the road when it makes sense to exit. What was the model in the multifamily space? Sean Tagge (00:03:56) - Yeah, so like I said, the single family, yeah, we were done with them in 90 days or so. Just a quick flip with the multifamily. Yeah, there are more a year or two hold and then a couple others. We're doing a five year old model with a refinance in it, and the first one we just did with our own capital, you know, played around with our own money first, made the mistakes and learned. And it was very successful. So then the other four we brought on investors, put in a lot of our own money as well, and one we hope to be selling maybe summer of of 2024. That would be like a two year. I guess a flip for a multifamily is probably that's like the timeline for multifamily flip. Sean Tagge (00:04:34) - And then the others. Yeah. And then two others we refinance pulled out like 70 to 85% of the investors capital, and we'll hold on to them for another three years completing like a five year total hold. Sam Wilson (00:04:45) - Right. Okay. Cool. Sean Tagge (00:04:47) - So you said so just kind of yeah. Just kind of depended on the, you know, the the investment, the area, you know, the, the IRR we could achieve if we think we could flip it quickly or hold on longer. So we just kind of analyzed each deal and had a different plan. Sam Wilson (00:05:01) - Got it. Okay. So you said you made some mistakes in the first one with your own capital. What would you say some of those mistakes are. Sean Tagge (00:05:08) - Yeah. So this one we bought during Covid time. So underestimating and really not predicting inflation and rehab costs and material costs just going through the roof through all that. And then we had a plumbing issue where we had like 2030 grand. We had to dig out a plumbing line and fix all that. Sean Tagge (00:05:30) - And it just took a while. Also working with the city through Covid, when a lot of their employees are, you know, whatever, working from home or whatever. And it just took a while to get all that done. So it's like some things like that, you know, just some are unforeseeable, but some we could have planned a bit better. Sam Wilson (00:05:46) - Yeah. And build. Thing in. I guess that margin for those unforeseeable things is probably just something you do guess, probably naturally at this point. Correct? You're right. Yeah. In getting inspected, I don't know. Were you guys part of the zoom inspections? Did you guys have any of that stuff? Sean Tagge (00:06:02) - No, we man, we weren't lucky enough to get those. I think yeah some the. Yeah. Like the what is it, the section eight. They would just have us like inspected ourselves. So we're like yeah it looks great. You know, it looks you know, there's a few things we're going to fix. But yeah right. Sam Wilson (00:06:18) - But no, everything else is perfect I swear. Yeah, yeah. We had we had some of that here. I'm surprised you guys didn't see that as well. So it. Yeah, there was some zoom inspections that occurred. I thought it was pretty funny. How are you doing a structural inspect anyway? Yeah, those those guys are behind us, but, you know. But none of those are things I don't hear, you know, you know, to right now, we're hearing a lot of pain in the market. We're seeing a lot of pain in the market where people are going, hey, you know what? They took out short term debt and now they can't refi. Or they, you know, they didn't, you know, capitalize the deal properly. And so expenses, you know, I just had another guest on the show today that their insurance costs in Florida have quadrupled since they acquired the asset a couple of years ago. And suddenly their cash flow negative just because of, you know, enormous insurance premiums. Sam Wilson (00:07:06) - Right. So it doesn't like you made any of those mistakes. It was just, you know, some of the more common ones along the way where you're like, oh, well, that that kind of stunk. But we figured it out and keep moving, right? Sam Wilson (00:07:15) - Yeah. Sam Wilson (00:07:16) - That's awesome. That's awesome. What is your plan moving forward? Are you still working with this same group? Because now you've you've even relocated back to. Yeah Utah. Sean Tagge (00:07:24) - Yeah. So I've exited the single family turnkey flipping. You know just just a grind. I'd rather do multifamily. So I'm off on my own. Doing Acorn Equity and Acquisitions is my company. And we are. Yeah we actually have under contract. So I've been searching this whole year for a multifamily, you know, tons of brokers and you know, seller expectations are still high. So we finally got one down to the right price where it fits our, you know, returns and business plan model. So we have a 206 unit under contract in Nashville Tennessee. Sean Tagge (00:07:57) - Simple value add C class 1970s build type of house multifamily and going to raise rents $200 a door across all the units with 2 million in repairs or so. Sam Wilson (00:08:08) - Got it. Okay, well, let's let's dig in to this particular asset because I think this is an interesting conversation. You mentioned C class. We're seeing a lot of C class defaults. We're seeing assets trade below what they were purchased for two years ago. Currently in C class. Why do you feel like now is a good time to buy a C class asset? I guess just tell me. Tell me why this asset in particular makes sense for you, right? Sean Tagge (00:08:34) - Yeah. So we're buying it at an attractive price. So about 20% below the previous years. And it's this group. Why. Well the group has they own thousands of units their larger real estate private equity firm. And this is their last one in Nashville. And most of their plans and their funds they have they're open for five years. And so they need to close the fund. Sean Tagge (00:08:54) - And this is like the last one in the Nashville area. Most of their other assets are in Texas. So I mean, they've owned for five years. So they're doing really well even at the price, selling it below market of two years ago or a year ago market. It's fine for them. So win for them and then a win for us because we're getting it down lower and attractive entry. And then I feel my data and research I feel very strong on Nashville, the headwinds and the sorry the tailwinds behind it of, you know, long term. Maybe there might be a down year in the next five years. I mean, I think there will be, but in five years, long term, I think it's going to average out good appreciation and rent growth. Sam Wilson (00:09:30) - Right? I think picking picking your market, it sounds like it's one of the things that plays into a big part of your data and also your research. Obviously you got to spend some time here in Tennessee, actually. How long were you here? You lived here for a decade. Sean Tagge (00:09:43) - Yes. Six years. Yeah. Sam Wilson (00:09:45) - Okay. Okay. You're here for six years. So you got a good feel for what the state has to offer. And Nashville in particular, you know, obviously has some tailwinds to it that, you know, a lot of cities don't. So I don't know where where Nashville ranks on the fastest growing cities in the US. But I think it's it's there. Sean Tagge (00:10:01) - Yeah. It's always up there with job growth and this. And then another thing nice about Nashville, I don't know if you want to dive too much into it, but it's it's still below the national average cost of living. And like if you've been in Nashville, you walk that city, you're like, this is this is a Dallas Houston. You know, this is you know, it's not New York yet, but this is up and coming city where it's going to be expensive someday. So it's still below the national average. Sam Wilson (00:10:24) - Cost of living, which. Sam Wilson (00:10:25) - I think in Tennessee in general, probably exactly. Sam Wilson (00:10:27) - Still trends, trends below that which is which is great for those of us that live here. We we appreciate the lower. Certainly. Sean Tagge (00:10:34) - Yes, yes, it's nice, but we can obviously see it's not going to be that way forever, I think. Sam Wilson (00:10:40) - I don't know, I think Memphis might be. Sean Tagge (00:10:42) - Yeah, maybe some specific city. Yes, maybe. But the Nashville. Got a new guy, you know, not, you know, Knoxville. Those are nice cities. Sam Wilson (00:10:50) - They are. They are indeed. What are some things you said you use a science and data approach to investing? What does that mean to you? Sean Tagge (00:10:59) - I mean, yeah. So it's, you know, data spreadsheets. So when I was doing biomedical, I did artificial heart research. And so yeah, learned a lot of just, you know, using the scientific theory data and spreadsheets and basically just, you know, getting averages and then looking at macro and micro micro trends. So yeah, just kind of see that with with Nashville, you know, the rent growth appreciation, everything like that. Sean Tagge (00:11:23) - Then also of course, you know, jobs coming in and all that stuff is what I use. And that's kind of how I picked Memphis about seven years ago is I just saw it had a high rent to value ratio, did did that across the whole country and is one of the top three consistently now. It's not quite so much so. So yeah. Sam Wilson (00:11:43) - Yeah. We've certainly seen a price appreciation here in Memphis again. You know compared to a national average it's still probably on the lower end of things. Are there anything though. But guess when when you. When you say you use data in a scientific method approach. I mean, is there anything that you say, hey, this is a this is a data point. I look at that many people wouldn't think to consider. Sean Tagge (00:12:05) - Of I mean man, it's so with with you got co-star and all the data. It's really just it's out there for everyone. It just really takes that work though, of gathering several cities, comparing them across one another and yeah, diving into that. Sean Tagge (00:12:20) - So I can't say I have a secret sauce I wish I did. Maybe I wouldn't tell it if I did, but I really don't, I don't, I swear I don't. It's just it's. Sam Wilson (00:12:28) - That. Okay. Sam Wilson (00:12:30) - Okay. I was hoping for something really random where you're like, man, you know what I consider the number of feet of, you know, plumbing at any given, like, weight, right? Yeah. But somehow you figured out that that translates into higher rents. I don't know, just throw in throwing things out there. Okay, so no secret sauce, but yet there's still opportunity out there. What did you do to make yourself an attractive buyer to this seller? Sean Tagge (00:12:54) - Right? Yes. So we you know what we were we were just there consistently. So is actually this broker relationship we've built up over several months. So that that really there were two other 2 or 3 other offers. We were actually a little bit lower. But the fact that we were consistently showing up, you know, and making offers and other deals, maybe getting outbid a little bit and just showing that we're here consistently. Sean Tagge (00:13:16) - And then the fact that we own, you know, so I'm partner up with Compass Capital, Sam Brower and Michael Wheatley. They're kind of my my I've known them from college as well. Good, good buddies of mine. We've talked for six years wanting to do a deal together. So this is one we're finally on together. And yeah, so that as well as we own 200 units nearby and was able to perform on those raise rents and execute on the business plan. Sam Wilson (00:13:39) - Got it. Okay. No that's super cool. That's super cool. So Compass Capital those are they going to be your boots on the ground running it. Sean Tagge (00:13:47) - Yeah they're the boots on the ground. And then a property management company as well over there. Sam Wilson (00:13:51) - Got it. Okay cool. Because that's gonna be my next question was going to say okay. So you're now living in Utah. How are you taking this down? How are you selecting contractors? How are you getting this thing, you know, on the ground? Sean Tagge (00:14:01) - So I already performed the property management company has a rental company in-house, which I like that as well, you know, and they actually they actually hit the budget on the other 200 units, which is that was like that's some of the first questions like can they perform on the budget? And that's usually the roll of the dice when you're starting a new market. Sean Tagge (00:14:18) - Is your contractor because I mean, us, whenever we try a new contractor, we're just like, hey, it's a third chance. We keep them for a year or longer. You know, it's just something that risky take. So it's nice to know that we already have tested that and they've proven and they have thousands of other doors they performed on. Sam Wilson (00:14:36) - Repetition is so much easier than starting over and trying to figure it out in the beginning, I think. Yes, the stat you used there, which is there's a one third chance that you'll still be working together in a year when it comes to the general, which is unfortunate, but it's just it's a reality of things. Sam Wilson (00:14:52) - Yeah. Sean Tagge (00:14:52) - It's that maybe even less sometimes. Sam Wilson (00:14:54) - Yeah. Sam Wilson (00:14:55) - Right. Oh, man. Yeah. That's a that's really cool I like that. So you've already got the business plan in place. You've got the partners, you've already got the renovation, the property management. You guys are just hitting go. Is there any other hair on this deal that you look at and say, hey man, this is going to be an obstacle we're going to have to overcome? And if so, how are you going to do it? Sean Tagge (00:15:11) - Great question Sam. Sean Tagge (00:15:12) - So yeah, you know, for us it's just a straight base hit, which I kind of like. It's like, you know, someone smart told me, if you make money on something, you know, and it performs well, you've done it a few times. Just keep doing it. Do it and do it again. So this one is we're just going in. We're renovating the exterior, making it look nice, some of the railings and you know, the paint chipping the roofs, you know, the exterior siding on some units. Then in the interiors we're just, you know, we're putting in what's for the market rent. So we're not going anything too fancy and just keeping it in line and simply what it is, is just the current property manager. They haven't risen rents much over the past two years, and as we know, rents have gone up 20%. And so it's just simply asking and the property is 99% occupied. So that shows me they're not pushing rents really high is they're just kind of complacent and just it's just kind of easier just to renew and maybe not even ask for an increase. Sean Tagge (00:16:06) - And so we're going to push that a little bit and yeah get it up to market rents. Sam Wilson (00:16:11) - Right. Well and especially in the Nashville market which again was just seeing incredible growth. If you're if your rents aren't keeping pace what what what do you think about this? I heard this strategy one time. The guy came on the show and he's buying mobile home parks. And one of the things that he required his sellers to do was to raise rents before they bought the property. Sean Tagge (00:16:34) - That dude, I like that a lot is like, hey, let's test this on whatever's vacant right now. Let's bump it up to whatever, 100 bucks more a month. I like that a lot. Yeah, we haven't tried that on this one, but I've heard a couple of guys doing that. I think that's a great strategy. Maybe even writing that in your contract and just. Yeah, getting the feedback from the leasing. Sam Wilson (00:16:53) - People, getting. Sam Wilson (00:16:54) - The feedback from the leasing people and then making the sellers the bad guys, I mean, that's that was his strategy. Sam Wilson (00:16:59) - He said, hey, look, one, we get a raise in rents and then we also come in, you know, without having to get the flack of, oh, we just bought the property. And now you guys are, you know, coming in here and raising prices and all that. The previous seller did it. Right. Sean Tagge (00:17:12) - So another another thing like this is totally crazy idea of that was like why not maybe like renovate it to what you kind of are going to make the units renovated at and do an a, B split test of two units in the nicer, higher range, which is kind of what our model is versus the current ones at maybe just even a little less in your range, but higher than currently, obviously. Like you got to write something in of who's going to pay for those renovations and everything. But I mean, that may be worth the, you know, whatever, 1020 grand risk to kind of know if you can prove the. Sam Wilson (00:17:42) - Theory, right. Sam Wilson (00:17:43) - No, I think that's great. Sam Wilson (00:17:44) - Think that's great and that's that. I mean, and again, people are constantly looking for new ways or new strategies to add value in that term. Add value is getting tougher to do. Sam Wilson (00:17:54) - Mean yes for. Sam Wilson (00:17:55) - Sure. So, you know, do it. Taking some creative strategies like that I think is really, really important. Let's let's shift gears here a little bit. You said you spent all year working to get this 206 unit under contract. You're moving forward. That that sounds amazing. But I know we talked about this before the show began. You've also got your hands in business. So tell me why you're kind of splitting your focus here. Sean Tagge (00:18:20) - Right? Yeah. So of course, flipped 1500 single family houses. And I had renovation crews and they had subcontractors. And what I've just seen from the single family residential era of any Hvac, plumbing or electrical, roofing, fencing, I mean, any type of contractor. If you answer your phone, number one, show up to the job and give a bid and then actually do what you're going to say, you're probably ahead about ahead of 80%, 90% of the competition. Sean Tagge (00:18:51) - And so, yeah, I'm under contract under lock on an Hvac company. And it's it's also I'm keeping one of the partner who's licensed on will stay on. So it's kind of nice is you know I'm good at high level business stuff marketing you know, systems and processes, you know, and acquiring more. And so but then I have a day to day operator as well that I'm partnering up with. So if we're up a bit of my time, take up a bit of my time, but I'll learn a lot from that and can translate the business principles for multifamily and also the renovation. Sam Wilson (00:19:23) - Side of. Sam Wilson (00:19:23) - That business in Utah. Or is that back here in Tennessee? Sean Tagge (00:19:27) - Yeah, it's in Utah. Sam Wilson (00:19:28) - Okay, okay. The skilled trades I mean, finding, as you said. Sam Wilson (00:19:32) - Finding. Sam Wilson (00:19:33) - Not just I think the four criteria, whatever, 4 or 5 criteria you gave, one is for any contractor to show up. But finding then also the skilled trades I mean those are those are the places where it is, like you mentioned, plumbers, electricians, Hvac guys. Sam Wilson (00:19:48) - You get inside of those three and that and if you can again answer the phone and show up, I mean, I commonly won't even ask for a second bid if you're if you're competent in any of those three trades and you show up and you're like, right. Sam Wilson (00:20:01) - We can get it done. Sean Tagge (00:20:01) - I mean, I was because, yeah, I've tried to personally get a house renovated and like I literally had to call, I think 3 or 4 guys and two of them didn't answer, then two answered, but then one didn't show up and one showed up like two weeks later. And the guy that showed up two weeks later, he got the job because I was just, quite frankly, just like, I need to get this done and I'm tired of this, like, just let's do it. And so it's crazy. And what I got good at when we flipped the 1500 single family houses is we had a ton of marketing and made a ton of offers and went on a ton of appointments to make offers personally at people's houses. Sean Tagge (00:20:35) - And so I had a VA, basically a call center in house call center scripts and then boots on the ground guys making offers. And so I'm kind of going apply that principles and softwares that I connect together, because we follow up with automated texts and emails and tasks to call and all of that. So I'm kind of going to use all those processes to be, you know, be the person answering the phone, because basically it's just a race to the to the answering the phone and showing up is you'll get the business. Then the second end, of course, is, you know, the hiring people, managing the crews, making sure they're doing a job well done, have processes as well for that, which I learned a lot from flipping 1500 single family houses. And of course, some of the rentals go overboard and we're not doing as well in a timely manner and things like that. So using data and actually tracking it and reporting it weekly, right. So I mean, this is for anything, but, you know, this works for multifamily syndication as well as. Sean Tagge (00:21:27) - Right. You just what is it. There's someone that said, you know, what gets measured gets done. And then I think add on top of. What gets measured and reported on the rate of improvement increases. So just having that accountability is like, hey, you know, here, here we're at in the project and every week we're just following up on the numbers. Here's where I'm on our budget. Here's how much is completed. Here's the goal I mean, like you don't even really need to say much after that. You just look at the data and the person who's responsible for it can just see, oh, I'm ahead or not on this. And then it gives you a lot of opportunity for coaching and help and giving them tools to succeed. Sam Wilson (00:22:06) - That's really cool, I love that. I love that idea of, I mean, because there are other cross disciplines or other disciplines that go across all of these different segments, from an eight company to a multifamily property, it's kind of all the same in that that the measuring the key performance indicators, tracking all that stuff and figure out where people are is, yeah, really and powerful. Sean Tagge (00:22:26) - And what I like to is when I was flipping a house, I had to do ten of those things, right? Ten different trades and electricians, plumbers, painters or this. It's just one simple, hey, just the Hvac system. We can focus on that. So I don't know. Frankly, I think it's simpler. Right? It's much simpler than flipping a house. Sam Wilson (00:22:40) - So I would agree, man. There's there's I don't have any desire to go back to flipping houses at all. So don't I'm like you, I don't I don't miss it certainly was good to me, but I don't miss it. Sean, thank you for taking the time here to come on the show today. I certainly appreciate it. If our listeners want to get in touch with you or learn more about you, what is the best way to do that? Sean Tagge (00:23:00) - Yeah. So my company, Acorn Equity and Acquisitions, the website is Acorn E just short for equity acquisitions. And you know also on LinkedIn Sean tag and have YouTube channel Sean tag. Sean Tagge (00:23:12) - I'm just starting and putting out private equity and real estate investing things in there. So yeah. Hey Sam. Dude, man, it was a great pleasure being on the show. Thanks to all your listeners. And hopefully, hopefully you got a little Golden Nugget and helped. Sam Wilson (00:23:25) - You out a bit. Sam Wilson (00:23:25) - Absolutely. We did. Sean, thank you again for coming on the show today. We'll make sure we include your website and all those links right there in the show notes. Certainly appreciate it and have a great rest of your day. All right. Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. 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.
As Founder and CEO of The Garrett Companies, Eric Garrett directs the strategic planning and operations of the Company. Eric began his career in multifamily brokerage and quickly moved to the development side of the business. Since 1999, Eric has owned, developed, and delivered over 73 projects in 17 states totaling over 16,000 units and in excess of $3.5 billion in valuation. The Garrett Companies is repeatedly recognized as a Best Place to Work in the USA for its culture, benefits, and people-centric mindset (Fortune, Inc.). The Garrett Companies continues to rank as one of the fastest-growing privately held companies in America and is a consistent leader in the real estate development industry in terms of projects under development, construction, and revenues. (Inc. 500, 2016-2023).. Eric Garrett is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Eric Garrett? Reach out at https://www.thegarrettco.com/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at firstname.lastname@example.org or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI course at https://www.therealestateinvestingclub.com. #realestateinvesting #passiveincome #realestateInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
In this episode, we dive into the dynamic world of real estate with Trevor Thompson as he unveils the "Earn And Learn Strategy for Real Estate Investors." Originally from Niagara Falls, Canada, Trevor is now based in Austin, TX, and is a Limited Partner on 20 funds, spanning apartments, retail, land, storage, medical centers, and single-family homes. As a General Partner on 2 syndications, he manages 141 doors. With 45 years of experience, including opening 45 iFLY Indoor Skydiving locations, Trevor's passion lies in empowering others to attain financial independence through real estate investing. Join us to discover the strategies and insights that propel success in this ever-evolving industry. HIGHLIGHTS FROM THE EPISODE 01:33 - How Trevor got started in real estate 06:24 - Finding a real estate group 10:34 - Meeting mentors 16:55 - Early passive investment deals 20:23 - Meaning of earn and learn 30:58 - Contact Trevor Thompson CONNECT WITH THE GUEST Website: https://niagara-investments.com/ CONNECT WITH THE HOST Website- https://upstreaminvestor.com/ Facebook- https://www.facebook.com/TwoSmartAssets/ Instagram- https://www.instagram.com/upstreaminv... Twitter- https://twitter.com/twosmartassets LinkedIn- https://www.linkedin.com/company/two-... ----------------------------------------------------------------------------------------------------------------------- Listen, like, subscribe, and comment!
If You have ever thought about investing in Luxury Self Storage Facilities, this Episode is for You! Marc Kuhn is a Luxury Storage Guru, Real Estate Investor and Contractor/Developer. He started off in concrete construction but now has diversified his portfolio.. getting into self storage. His units are fully equipped with lighting, heating and electrical.. he calls this a "poor man's contractor shop". In this Episode He explains how self storage is recession proof and that a boring business like storage is not only stable in both a good and bad economy, but its also very lucrative! Other Social Media channels: Subscribe to my main channel "Austin Zaback" https://www.youtube.com/c/AustinZabackSubscribe to my Podcast Channel "The Austin Zaback Show" https://www.youtube.com/c/TheAustinZabackShowFollow me on Social Media:https://www.instagram.com/austinzaback/https://www.tiktok.com/@austinzaback
Episode 105 Part 1 features one Loren Wernette. Brace yourself for invaluable tips and golden nuggets as Loren takes the spotlight. Dive deep into the fascinating backstory of creativity and strategic investing.Loren shares his somewhat humble beginnings, from earning a Master's in Entomology to navigating various jobs before settling and plunging into the thrilling world of real estate. He shares insights into why he avoids 2-bed 1-bath houses, the power of being an 'all or nothing' enthusiast, and the genius behind creatively financing a remarkable 66-unit property.But that's not all – Loren is your go-to guy for systems and processes, unveiling practical tips including an analysis tool he uses for underwriting deals. The conversation heats up as Loren spills the secrets behind securing fantastic financing in the challenging market cycle we're navigating, all thanks to a robust network of private money lenders (PMLs).Don't miss a beat in the first installment of REIA Radio's 105th release, where Loren Wernette's journey begins with lessons, triumphs, and a blueprint for real estate success. Let's plunge into this epic episode – it's time to level up!You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com www.reiquicktips.com Loren Wernette on IG https://www.instagram.com/investwithloren/?hl=en REI Double close https://www.reidoubleclose.com/ If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!!
In this episode, Brian shares creative strategies for selling homes in the current market. He advises sellers to offer incentives like a 2-1 rate buy down to counter payment shock for buyers. He also emphasizes the need for sellers to work with agents who understand proactive marketing and can target potential buyers effectively. Brian suggests exploring different mortgage options for buyers struggling with down payments and closing costs. In this episode you'll learn about: Creative solutions for selling homes in the current real estate market Addressing competition with builders in newer construction communities Suggesting a 2-1 rate buy down as an incentive for buyers Finding ways to help buyers with down payments and closing costs Exploring different mortgage options for buyers with high levels of debt Importance of working with a real estate agent who understands marketing Proactively marketing the home to potential buyers Targeting specific demographics and geographical areas for potential buyers Asking potential agents about their proactive marketing strategies Offering low commission rates and financial solutions for sellers' moving expenses Have a real estate need or question? Book a consult with us today! ☎️ (843) 800-0065
Whitney Elkins-Hutten serves as the Director of Investor Education at PassiveInvesting.com, and national passive real estate investment firm that holds $1.4Billion in assets under management. After making 52k after her first sale of real estate, nearly losing it all on her 2nd deal, she focused on how to grow her portfolio the right way. Today Whitney holds $800M in real estate including over 6,000 residential units, 1,400+ self-storage units, and is focusing on growing even more through investing in express car washes. She's focused on helping others grow Money For Tomorrow, which is the title of her book that will be coming out in 2024. FOLLOW WHITNEY
In this episode Brian Beatty provides expert insights and updates on the local real estate market. He discusses the current market conditions, new listings in the tri-county area, and the creative solutions available for sellers. If you're thinking of buying, selling, or investing in real estate, this episode is a must-listen. Brian also shares valuable information on how to sell a home in this market the right way. On this episode you'll learn the following: Current state of the local real estate market Challenges faced by buyers and sellers Decline in new listings, pending sales, and closings Increase in median sales price Low home affordability index Decrease in showings and overall activity Importance of understanding market trends and adjusting expectations Creative solutions for sellers, such as assuming mortgages or seller financing Remember, whether you're a first-time homebuyer, looking to sell, or interested in investing, my show is here to provide you with the information you need to make informed decisions. Have a real estate need or question? Book a consult with us today! ☎️ (843) 800-0065
In this podcast episode, Brian Beatty and David Stein from Crown Home Mortgage discuss the current real estate market. They encourage listeners to work with professionals who understand the market and can offer creative solutions. Here are the highlights of this episode: Challenges of home ownership in the current market Importance of understanding individual financial situations and getting pre-approved Caution against waiting for lower interest rates as house prices may increase Need to consult professionals for accurate local market information Benefits of buying a house now, such as potential appreciation and future refinancing opportunities Consideration of personal comfort and needs when buying or selling Buying a primary residence for long-term stay as a good investment Potential for real estate to become a "get rich quick" scheme Caution against viewing the current market in the same way as past speculative periods Brian and David encourage listeners to work with professionals who understand the market and can offer creative solutions. Take the step towards informed decision-making, and may your real estate journey be marked by success and satisfaction. Connect with the experts, navigate the market wisely, and unlock the doors to your real estate aspirations. Have a real estate need or question? Book a consult with us today! ☎️ (843) 800-0065
Brian Beatty and David Stein from Crown Home Mortgage talked about the current state of the real estate market, discussing everything from the rise in interest rates to the challenges of home affordability. Here are key points to consider: Current state of the real estate market and affordability challenges Importance of working with experienced professionals and seeking advice Rise in interest rates and increase in credit card debt Home affordability index and income needed to afford a median-priced home Programs offered by Crown Home Mortgage to combat affordability Difference between current adjustable rate mortgages and those during the 2008 crisis Opportunity for buyers and sellers in the real estate market Assumption of existing mortgages by qualified buyers Considerations for sellers in terms of cost and down payment options In the real estate landscape, knowledge is key, and the expertise shared by Brian Beatty and David Stein serves as a valuable resource. As you navigate your real estate journey, may these considerations guide you towards informed decisions and successful outcomes. Have a real estate need or question? Book a consult with us today! ☎️ (843) 800-0065
Have you heard about 1031 exchanges? Leveraging this strategy correctly could help investors sell and reinvest without facing capital gains taxes — thereby preserving wealth. Join Robert Curtiss with guest Joe Carey, alternative investment specialist at Signature Estate & Investment Advisors, LLC, as they talk about the benefits and complexities of 1031 exchanges, a tax … Read More Read More
Kathy Portley is the President of the Tulsa Real Estate Investors Association (REIA), a premier networking group for real estate investors in Oklahoma. As a licensed real estate agent and investor, she also works with eXp Realty, where she represents traditional consumers and investors in real estate transactions. With almost two decades of experience in the real estate industry, Kathy is a trusted coach and mentor, helping investors achieve their goals. In this episode… As the real estate market surges, institutionalized and corporate buyers purchase homes above the market rate in affordable cities like Tulsa, Oklahoma. This creates an opportunity for out-of-state investors to redefine affordable and workforce housing criteria, creating disparaged communities. How can you incentivize local investors to rebuild the market? According to real estate coach Kathy Portley, institutional buyers drive out local investors and landlords by paying inflated prices for real estate in cities like Tulsa. Over time, this practice can dramatically increase the property costs for traditional and local investors and make homes less affordable, causing them to raise rental rates. With rent going up, tenants may be forced into deferring payment. As a result, investors find it hard to afford to keep the property, so they sell to the highest bidder — the institutional buyer. This cylindrical cycle continues to escalate the market and affect affordable housing availability. Real estate investor networks like Tulsa REIA clarify notions of affordable housing by educating the market on tenant retaliation laws and landlord rights. Kathy also recommends instructing local investors and homeowners on the consequences of selling properties to corporate investors. In this episode of The Same Day Podcast, Kathy Portley, the President of Tulsa REIA, joins Mat Zalk to educate investors on the local housing market. Kathy explains her vision for scaling Tulsa REIA, the barriers to local real estate investing, and Tulsa REIA's resources for new investors.
Rental Property Buying Guide for Beginner Real Estate Investors - Part 1 This is the first in a three-part series where we discuss the process of planning for and buying rental property. We discuss the importance of experienced realtors, networking, and careful financial planning and we'll cover topics such as property selection, financing, and understanding market dynamics, particularly here in Memphis. Hear our insights on budgeting, property conditions, and securing financing. This episode is the 1st of 3 in our comprehensive guide to buying rental property. It is for both novice and experienced real estate investors, offering valuable advice on successful property acquisition and management. Learn more about Enterprise Property Management, Inc. and its real estate services by visiting the Behind The Curtain Real Estate Podcast website at: https://behindthecurtainpodcast.com Transcript for this episode at: https://propertymanagementmemphis.com/podcast/rental-property-buying-guide-for-beginner-real-estate-investors-part-1/
Tarry Summers is a seasoned real estate investor, developer, and entrepreneur, with hundreds of doors in his portfolio. He has been in business through different market cycles, he has learned from some of the most successful people in the industry, and he is with us today to share all the things that he learned along the way. Listen now to learn the best tips, tricks, and strategies that will keep you profitable in the real estate space from a seasoned real estate entrepreneur! Key Talking Points of the Episode 00:00 Introduction 01:07 Who is Tarry Summers? 03:15 What should real estate investors be focused on today? 06:12 What makes Tarry different from social media influencers? 08:32 Why is Tarry focused on holding properties? 11:13 How did Tarry learn about leveraging real estate? 13:50 What is the hockey stick analogy about? 16:26 What are the benefits of holding onto your residential properties? 18:05 How did Tarry start leveraging his real estate properties? 22:07 What is the importance of understanding the impact of delayed gratification? 27:04 What was it like for Tarry to do real estate investing full-time? 29:26 Why is it important to focus on equity, cash flow, and profitability? 31:37 What is the best way to learn about real estate investing? 35:15 What is the importance of nurturing relationships as a real estate investor? 38:49 Why do you need to understand the importance of leveraging people's skills? 43:34 Why is it important to look into the people you're listening to? 46:56 What is Tarry's advice for real estate investors today? 48:55 Where can you find The Scalers Only show? 50:02 What are the things you need to consider when choosing a market? 52:21 Why did Tarry buy a gym? 53:41 What was the dumbest investment Tarry ever made? 57:58 How can you get in touch with Tarry? Quotables “The worst thing you can possibly do in real estate is wait. You need to get in, you need to get involved.” “Rich people do not get rich by making an income, they get rich off of buying assets and then borrowing off their assets.” “When someone is older and wiser than you, shut up and just listen because they've been there.” Links Podcast: The Scalers Only Show https://www.youtube.com/watch?v=-VgWKojDeO8 Instagram: Tarry Summers https://www.instagram.com/tarrysumms Facebook: Tarry Summers https://www.facebook.com/tarrysummers/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
In this episode, Brandon Hall and Thomas Castelli discuss hard-hitting year-end tax strategies that save real estate investors thousands each year, including: - The "Lazy 1031 Exchange" - Maximizing vehicle deductions - Year-end STR issues, cost segregation timing, and much more! Interested in our Short-Term Rental Bookkeeping Service? www.therealestatecpa.com/accounting Get on the waitlist for the Major League Real Estate podcast: www.therealestatecpa.com/mlre Apply today: www.therealestatecpa.com/careers Email suggestions for podcast growth to: email@example.com Become a Tax Smart Insider today and claim your free bonuses today at www.taxsmartinvestors.com/insiders Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Join our Facebook group, the one-stop-shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors To become a client, request an initial consultation from Hall CPA, PLLC at www.therealestatecpa.com/become-client Follow Brandon on Twitter: @bhallcpa Follow Thomas on Twitter: @thomascastelli_ The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
In this episode of the "Learn Like a CPA" podcast, host Ryan Bakke interviews Theo Kagabo, CEO of Kagabo Consulting, Accounting and Tax Professionals, also known as Mr. Write Off. Theo shares his journey from pursuing basketball in college to realizing his passion for accounting, influenced by his family's background in the field. He emphasizes the importance of understanding the fundamentals of business through accounting and discusses his experiences with entrepreneurship and the transition from corporate work to starting his own firm. Theo highlights the significance of having a robust accounting system for business growth and delves into the intricacies of tax planning, the benefits of being self-employed, and strategies for minimizing tax liabilities. He also touches on the importance of bookkeeping, the decision-making process for transitioning to an S Corp, and the value of investing in one's business and education. The episode provides insights into effective financial management and the mindset required for successful entrepreneurship in the accounting and tax domain. Follow Theo Kagado online: https://www.instagram.com/mrwriteoff/ Timestamps: [00:00:00] Intro [00:00:21] Childhood Snapback Entrepreneurship. [00:03:11] Maximizing dollars through weekend work. [00:07:22] Paying less taxes as 1099. [00:09:26] Maximizing profits and strategies. [00:12:46] Real estate investments for self-employed. [00:16:13] Investing in your education. [00:21:55] Seeing success through observation. [00:23:10] Credibility and belief in oneself. Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.
Hello everyone, we hope you had a fantastic weekend and are ready to learn about exit strategies in the world of rest estate investing. We will be breaking down the following four exit strategies so you can determine which suits your needs best:Selling your investment propertyBuy and hold, or, long-term investingRefinancingRent to ownBut first, our friend, and WIIRE community member, Danielle Rutigliano is taking on a few select clients for the upcoming tax season, and you could be one of them. If you want to work with a bookkeeper who knows REI tax strategy front and back, Danielle is definitely someone you should connect with.While we know there are so many exit strategies we chose these specifically because they are what we have the most experience with and what we discuss most frequently on the podcast.Do you have more questions about one of the exit strategies we discussed in this episode, or have another strategy you'd like us to cover in an upcoming episode? DM us on Instagram and let us know!Until next week, take care, friends! Resources:Check out our favorite Bookkeeper & CPA, Danielle RutiglianoListen to Episode 35, Episode 36, Episode 37, Episode 38 with Jenn & Joe Delle FaveLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Ben is the founder and CEO of Lionheart Development. His enthusiasm and dedication to real estate have grown the company from a small-scale rental and construction business to a successful land development company. In 2017 feeling lost in the professional world, Ben and his wife leveraged everything they had to dive into real estate. Fast forward to the current day and he now holds $200M assets under management and is continuing to grow. He is the boots-on-the-ground guy and primary contact between planners, construction companies, and the municipalities during the site plan approval process and for all ground-up projects. Ben brings his creativity and philosophy of ensuring the best use of subject sites when he analyzes land and building purchase opportunities, during a due diligence phase, and when collaborating with appropriate stakeholders. Ben's approach to development is both practical and passionate, in which he deeply values his relationships with investors and fellow industry professionals. Prior to real estate, Ben spent the first part of his career coaching men's collegiate basketball. Working in a team environment, adjusting his strategy on the court, and a strong desire to better the lives of individuals in his community, are just some of the transferrable skills that Ben brings to his development company.. Benjamin Julius is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Benjamin Julius? Reach out at https://lionheartdevelopment.co/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at firstname.lastname@example.org or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parksInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
Discovering Multifamily Episode 242: How One Investor Jason Malabute With a Disability Found Multifamily Real Estate SuccessBorn in Los Angeles, California, Jason Malabute, an MBA, is a seasoned Real Estate Investor, an active Philanthropist, and a CPA (Certified Public Accountant). Despite being born with a condition called ‘Cerebral Palsy' that affects speech and muscle movement, Jason Malabute never took it as an excuse and used his disability as a motivation instead. Jason Malabute started his real estate journey in 2018 and studied real estate for 1 whole year before finally investing in three rentals in the very first year of 2019, in Indianapolis. After successfully following the investment strategy called BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) for multiple properties, Mr Malabute took the leap from single-family to multifamily investing under the mentorship of Sterling White. Sterling White is the founder of Sonders Investment Group and is involved with both buying and selling over 100 single family homes. Mr. White has recently scaled his portfolio to just under 500 multi family apartment units.Following the footsteps of Sterling White, today, Jason Malabute is the proud owner of Malabute Properties LLC and has recently exited out from all the single-family homes in 2021. He has now totally submerged into the multifamily investing in Indianapolis and Kansas City areas, where his prime interest remains in acquiring 6-30 unit apartment buildings.YouTube: https://youtu.be/gw7-tNhIKNwWebsite: www.redknightproperties.com/media iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688 #financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate
In today's show I dive in on a common mistake I see many real estate investors which is solving for problems you haven't had the right yet to solve. Every business faces different challenges at different stages of growth. The key is to tackle the issues that matter at your current stage instead of going after everything at once. Doing this will allow you to actually make progress in growing your business instead of spinning in circles on a hamster wheel.I hope you get some good insights from this episode!
Flood risk is often an under-considered topic for real estate investors. Investors should think about flood zones for several reasons, including using them strategically to discover new properties. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews D.J. McClure from National Flood Experts, the number-one resource for flood zone solutions nationwide. D.J. is the Vice President of Sales and Business Development and has been with National Flood Experts since 2019. He's also an investor who bought his first property at 25 and used it as a house hack with roommates. Jonathan and D.J. dive into the episode by explaining why real estate investors need flood insurance and how you can shop premiums. You'll also hear how flood zones are created and maintained, the effect climate change has on flood zoning, and the opportunities that may present themselves for investors when other buyers are scared off by a property in a flood zone. D.J. also shares some strategies cash investors implement to hedge value and how it can bite them later, the reason most people don't realize how many flood zones may exist in a particular town, and how D.J. has leveraged the relationships he's built while working at National Flood Experts to build a portfolio. There is so much more nuance to flood zones and flood insurance products than you would expect, and if you're an investor or want to become an investor, this is an important topic you need in your toolbelt. In this episode, you will hear: How D.J. McClure began his real estate investing career at 25 years old with house hacking and what he would have done differently with that experience His introduction to National Flood experts Why flood insurance is a crucial product for investors and D.J.'s tips for getting a better premium The creation and maintenance of flood zones and how often they're updated The effects of climate change on flood zoning Opportunities for investors when others are afraid to buy in a flood zone How FEMA's adjustments of flood zones impact new construction projects Some value-add solutions for residential and commercial properties in flood zones Density's impact on flood zone solutions The strategies cash investors implement to hedge value and the ways it can bite them during a refinance Getting properties removed from flood zones and how a building's composition affects flood insurance rates Why most people don't realize how many flood zones there are in a town The real estate relationships D.J. formed through his job and how those have helped him build an investment portfolio The reason he believes there are no bad investment markets based on his professional experience Mindset's role in making a sound investment The strategies D.J. uses to help reduce or eliminate flood insurance costs for commercial real estate His advice for brand new investors looking at a property in a flood zone for the first time Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/087 to download it. Supporting Resources: National Flood Experts website - www.Nationalfloodexperts.com Connect with D.J. McClure on LinkedIn - linkedin.com/in/mccluredj Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - email@example.com Episode Credits: If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Today's guest is Whitney Ward. Whitney is the Principal & Fund Manager at CRE-Endeavors where she leads the strategic growth initiatives of the firm. Whitney oversees capital markets, acquisitions and dispositions with a focus on the firm's fund management, and real estate investments. Show summary: Whitney shares her journey from corporate America to real estate, her business plan, and her belief that real estate rates will decrease over the next three years. She also discusses her company's focus on 10 to 75 unit deals, their strict criteria for co-investing, and the challenges of raising capital in the current market. Whitney also touches on the importance of educating investors about market conditions and the opportunities they present. -------------------------------------------------------------- The Journey from Brokerage to Fund Management (00:00:58) Focusing on Niche Multifamily Deals (00:04:36) Seizing Opportunities in the Current Market (00:07:22) Opportunity for arbitrage and acquiring deals at higher rates (00:10:08) Classifying deals as distressed and the impact on sellers (00:11:07) Selling assets at a discount due to high cost of debt (00:12:54) -------------------------------------------------------------- Connect with Whitney: LinkedIN: https://www.linkedin.com/in/whitneywardcre/ YouTube: https://youtube.com/@WhitneyWard-CRE-Endeavors?feature=shared Web: www.cre-endeavors.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 → firstname.lastname@example.org 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: Whitney Ward (00:00:00) - I mean, a lot of our, our business plan is derived from our belief that, you know, in the next over the next three years, we'll see rates decreasing. They might not get down to where they were in 2020. Right. But we see an opportunity where some people might be fearing we're seeing lower, lower values. More deals come into the market as an opportunity for us to acquire these deals. Sam Wilson (00:00:24) - Welcome to the how to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Whitney is the principal and fund manager at CRA endeavors, where she leads the strategic growth initiatives of the firm. Whitney, welcome to the show. Whitney Ward (00:00:46) - Hey, Sam. Thanks. Thanks for having me. Sam Wilson (00:00:48) - Absolutely, Whitney. The pleasure is mine. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now? And how did you get there? Whitney Ward (00:00:57) - Sure. Whitney Ward (00:00:58) - I started in corporate America. I've entered the real estate business in 2016 through, you know, starting in the brokerage business focused in multifamily assets at this, which since 2016, I've done everything from multifamily brokerage transactions to some passive equity investments into deals. I'm currently now, like you said earlier, the principal and fund manager for my own firm that I launched in 2019, which since then we've done over 100 million in acquisitions and sales transactions and multifamily investments. And we are now dipping into the fund management space. Sam Wilson (00:01:38) - That is awesome. I love the the journey there. It's pretty fast, really. I would think, you know, going 2016 brokerage. I mean by 2019, did you feel like you had really understood everything you need to understand and just decided to pivot or why why did you go? Maybe that's even a better question. Why did you go from brokerage into then becoming your own principal and run your own deals? What what happened then that made you say, this is a good time to do that? Yeah. Whitney Ward (00:02:03) - I mean, good question. So we've kept brokerage. We're still in brokerage. So CRE endeavors is a licensed brokerage firm in Georgia and in Maryland. So we that's something we kept. Um, I would say the real reason I pivoted, I was at a national brokerage firm in 2016 through 2019, and my real reason for pivoting was just the autonomy to do more deals in the way that I wanted to do it. You know, most brokerage firms want you to focus just on selling, you know, doing transactions. And, you know, we look, we understand that investing is very important in building your portfolio. And so the, you know, brokerage business allows us to service our active clients. But then we also are able to invest in deals. And we have that autonomy that not every brokerage firm allows you to do. Sam Wilson (00:02:47) - How do you decide when a deal comes across your desk that maybe is off market, what what you're going to list, and then what? You're going to actually take a stab at yourself without making your brokerage clients upset, seeing you kind of cherry pick off the top. Whitney Ward (00:03:04) - Sure. I mean, multifamily is unique, right? Because all the other asset classes you really have, you represent a lot of buyers and you represent a lot of sellers and multifamily. It's really focused on having the relationship with the owner of the property. So we don't we never really have a host of buyers that are like, hey, we need deals, right? Because there's so many outlets, you can sign up for all the big firms and get a bunch of deal flow, right? So not to say we don't have deal flow for those buyers, but we don't we don't necessarily say, hey, we're going to be your source for finding those deals for you necessarily. So that that in itself kind of takes away some of that conflict. But with with the fund itself, it has a very strict criteria. We are we co-invest with experienced managers and developers, so they tend to already have that deal, and we co-invest with them when there's a deal that we're, you know, right now, my commercial real estate advisor, she's brought, she's sourcing some deals off market. Whitney Ward (00:04:02) - And those deals would be directly what we would market to, to, to the public. So unless there came a situation where we market a deal and nobody was interested in it, which highly unlikely that would happen, that we would then buy it. But then, you know, then we could consider buying it. But the, the, the types of deals that we get as a brokerage company are typically smaller deals. I mean, we're we're a niche shop. So our deals are anywhere from ten to on average 75 units. So we service a specific clientele. So we're not really competing. You know. Sam Wilson (00:04:36) - Right now that's an interesting segment to focus on. The 10 to 75 units. How did you decide to focus on those size of deals inside of the brokerage firm? Whitney Ward (00:04:48) - Well, I mean when you think about like every market's different, right? So I said we're licensed in Maryland and we're licensed in Georgia. A lot of our deals in Maryland, we do in Baltimore. And that markets is a little bit smaller. Whitney Ward (00:05:01) - And so as a smaller firm, market share is relatively easier to gain than in a market like Atlanta, where we're headquartered, where the large the top three firms, they're getting 80% of all the market share, especially over 100 units. So if we're going to, you know, eat and then be able to live and take care of ourselves, we had to figure out what's a niche that, you know, those large firms are taking, that there's opportunities that a lot of times residential agents will will we'll get some of those leads for, but not really understand what commercial real estate is and how to service those clients. And so we're able to kind of make us a niche specialty in that space. Sam Wilson (00:05:41) - Got it. Oh, that's really, really cool. Well let's talk about the transition in 2019 when you guys said, okay hey we're going to go out and start doing our own deals. It's been an interesting run 2019 to today in multifamily. Tell us, give us some color on your guys's journey and kind of how your how you've changed over the last, I guess four years. Whitney Ward (00:06:03) - Well, I mean, I tell people I was like, I've actually been through like three market cycles, you could say, before Covid and then whatever we're in right now. So it's it's been a heck of a ride. I'm not going to lie. It's been very difficult. But it's also exciting because we're we're all where we are right now. We're seeing a lot more opportunities, like when I first launched the firm in 2019 and we were prospecting business, we were hearing a lot of no's because people were comfortable, right? They were used to their brokers. There's nothing, there's no need to change. Why go to CRE endeavors now? You know, people have either debt maturities coming up or they need to find liquidity in some in some way. And they're they're more open to entertaining what we have to offer. And quite frankly, being a niche firm and having our own source of lenders and equity providers outside of the fund, it has allowed us to be able to position ourselves to serve service clients pretty much the same way that a larger firm would just on a on a smaller scale and more boutique focused. Sam Wilson (00:07:08) - What about the stuff that you guys are buying in house? You say that now is a great time. Of course, you mentioned a few reasons why now might be a good time to be investing in multifamily, but what what is that journey been like for what you personally are buying and acquiring? Whitney Ward (00:07:22) - Well, right now, like I mentioned, we're I'm raising capital right now. I'm raising capital because we are seeing valuations down 26% versus last year. We're seeing transactions have slowed down, but they're starting to pick up. And they're expected to pick up here in Q4, especially in Q1. But we're raising capital. And we're telling our investors, listen, you invest alongside us. We're going to we're going to we're going to have a pipeline of business that comes in not only through our leads, through our managers and developers, but we're already boots to the ground. We already know what's kind of going on. We already have a pipeline of business of of some owners that are going to need liquidity over the next 6 to 12 months. Whitney Ward (00:08:00) - And so we're just having those conversations now. But for the as far as the fund goes, and on that investment side, I mean, we are looking generally for, you know, 75 units to 150 units on size, so we can have a third party property management company in place. And, you know, your typical value add opportunities that you've heard a lot of groups say, we just think there's going to be more value add opportunities to look at. Sam Wilson (00:08:25) - Yeah, absolutely. No. And I want to touch on I guess a couple of things. Let's talk about the you mentioned the term need liquidity groups that need liquidity. What are some situations that people are finding themselves in that need liquidity, that don't necessarily mean that they have a bad investment? Whitney Ward (00:08:42) - Sure, I mean mean. So liquidity in its sense, like if you if you invest in real estate, the only way to generate liquidity is to sell or refinance the property. So there's there's like I mentioned earlier, you have some owners that have purchased properties with short term debt in 2021, 2022, and they have debt maturities coming up. Whitney Ward (00:09:04) - And they're going to need to sell. Whether the market, whether the interest rates are high the way they are today or not, they are going to be forced to sell or refinance, and not everybody's going to be able to refinance if they if they haven't been able to generate enough income to service that refinance, then you have people that might be fund managers that have their funds expiring, and they have to close out that fund. And so they're going to be looking to exit out of the deals that they have to end their funds. You've got developers, you know, people who have constructed have construction loans out. They're going to need to refinance out of those and put stabilized debt. So you have a variety of different scenarios right now that are foresee that show people needing liquidity. Sam Wilson (00:09:46) - So what's the I guess, what's the opportunity for you in that? Whitney Ward (00:09:50) - Well, we want to be there to say, hey, we want to buy it. Right? So so I mean, with rates as high as they are and valuations down, we're we're projecting or we're seeing first of all values are down the lowest they've been since probably I would say 2016 at least probably earlier than that. Whitney Ward (00:10:08) - Right. And so for us we just see that as an opportunity. You know maybe some groups are like, hey, the interest rates are high. I'm scared. But we see a potential opportunity for arbitrage. I mean, even the institutional investors are looking at possibly acquiring deals right now at higher rates, right. And maybe even doing a short term type of floating debt, putting a rate cap on it, and being able to refinance because we believe rates will be down in 2025, 2026. And that'll be a space where you can, you know, refinance or, you know, exit a deal however you want to, whatever your strategy is. So I mean, a lot of our, our business plan is derived from our belief that, you know, in the next over the next three years, we'll see rates decreasing. They might not get down to where they were in 2020. Right. But we see an opportunity where some people might be fearing we're seeing lower, lower values. More deals come into the market as an opportunity for us to acquire these deals. Sam Wilson (00:11:07) - So would you classify these deals you're looking at as distressed and. Yes, I guess the answer for those of you were listening. Whitney shaking her head. Yes, they are they they are indeed distressed. And I guess what's happening to those sellers? I mean, they're taking a haircut on what they. Whitney Ward (00:11:25) - They got, they have to do. I mean, you have to you're going to have lower returns than what you expected. And that's the unfortunate thing about, you know, market cycles in some ways. I mean, you know, many people believed that we were in a low interest rate market forever. And, you know, it's just it's just kind of the way the, the cookie crumbles. And and that's why we want, we're, we're saying to our investors, listen, we've been in this market and we're seeing trends that we haven't seen in a long time. And I think, you know, you know, in scary times presents opportunities. And yes, to your point, I would say it's it's stressed and distressed owners because anytime you're forced to do something that you don't have a decision to make, I consider that to be somewhat stressed. Sam Wilson (00:12:08) - Right. For sure. You mentioned that valuations are down 26%. I guess that's probably a maybe a nationwide percentage there that we're using. Would you say that even valuations are down 26% even on performing deals? Or how are performing deals working out right now? I mean, let's, let's, let's use your scenario and say, hey, they have a short term debt. You know, they've got debt maturation coming up and they need to either sell or refi. Are we seeing deals that are doing really well? I'm thinking of one I've got and we're not looking to sell. We don't than the debt's not maturing on it. But it's doing really well. It's like 99% occupied were way above pro forma. But if we had to sell that, is that also something that people are selling assets like that at a discount because they have to. Whitney Ward (00:12:54) - You're going to have to I mean, the cost of debt is too high. I mean, I mean, the bid is spread between what buyers are, are able to pay and make it make sense for their investment and what sellers want to sell at, you know, it's it's shrinking, but it's still there. Whitney Ward (00:13:08) - It still exists. So I mean, with with right now with you come if you get in the market and you really you know, place agency debt on a multifamily property, you're looking at probably 6.5% interest rate on a good on a good on a good deal. I mean, I mean, if someone's trying to sell it a five cap, you're immediately at negative leverage. I mean, there's like a buyer can't make that work, you know what I mean? And so it's now the decision on you guys, if you guys put your property on the market, which I'd assume if your property is performing, why would you sell? Why wouldn't you just hold it? You know what I mean? Like, there's no reason for you. Sam Wilson (00:13:40) - Well, unless, you know, and I was using our property as an example, but unless we had, you know, debt maturities coming up that we just couldn't avoid, and it's like, okay, well, we're gonna have to refinance this or sell it. Whitney Ward (00:13:52) - Or are you knocked it out of the or you knocked it out of the park. And even if you sold at a six and a half cap or seven cap, you still killed the returns that you were projecting, right? Yeah. Right. Right. Sam Wilson (00:14:02) - That's interesting. So you mentioned something there I hadn't really thought about and didn't plan on going down this, this rabbit trail, but I've seen some deal sponsors advertise buying it negative I guess negative leverage is that the term is there. Yeah. Where they're where they're buying it at a six and a half cap. But they're going in cap rates of five cap. What do you think about that strategy. Whitney Ward (00:14:24) - I mean I mean you know, I was just up in New York last week. I global had a global leaders and commercial real estate conference. And it was just a bunch of institutional investors. And personally, I think anytime you can get in front of institutional investors and just compare notes and listen to them, they're the smartest in the game. So and just hearing their feedback, I mean, it depends on the strategy and how long that negative leverage lasts. Whitney Ward (00:14:50) - Most most people are most institutional investors would say no. Right. But it also it's going to depend on your business plan. If you could if you go in at a five but you think you can exit at, you know, an eight, I don't know. It really just depends on your arbitrage. Like, um, you know, for us, I'm not we're not looking at anything like that. We're being patient because we think there's going to be situations where a buyer or a seller is not going to have the option to continue to push their price. Right. It's going to come down to they're going to have to sell. So, you know, whoever is going to be positioned well capitalized experience as closed deals. And that's one of the reasons our fund is is a 506 C fund. So it's accredited investors only. But that's one of the reasons why we're partnering with managers and builders that have done deals and have taken them full cycle. Because, you know, I think with that, having the equity, having relationships with lenders, obviously, you know, those experienced sponsors would have those. Whitney Ward (00:15:50) - I think it'll be easier to transact and get those sellers to agree to prices that they may have not normally agreed to. Sam Wilson (00:15:56) - Right, right. Tell me about the fund and raising capital in well, in today's market and today's economy, what's that like. And yeah, give us some insight on that. Whitney Ward (00:16:07) - Yeah I mean it's tough I mean everyone's afraid right. And so one of the things that I have made a focus is educating. People on what the market is doing and where and why. Why we're seeing right now as a time to start raising capital. I mean, I'm not the only group raising money. There's tons of groups. I see funds popping up here left and right, you know, um, so it's a matter and what we we're trying to separate is say, hey, we're already building a pipeline. We already have. We're already boots on the ground. We already know what's happening. We're in the business every day through our brokerage company. We're interacting with investors all the time. And so raising capital has been difficult. Whitney Ward (00:16:45) - But, you know, if you follow any of the trends and seeing some of the larger institutions like Blackstone or whatever, they're starting to get less redemption requests. They're starting to be able to raise a little bit more capital. We're being we've had some success raising capital on the on the family and friends side. And now that we're 560, we're we're entertaining institutional partners as well. And so I mean, it's it's a consistency. Um, you know, people if you ask me what I really do, I feel like I'm, I'm in marketing and sales because that's what I'm really doing now, you know, and, and trying to get people to understand the opportunity and see not only, like what the market is showing, why this is an opportunity, but with sort of like, why us and what we're going to do different than other groups. Sam Wilson (00:17:29) - No, I think and that's that. That's a like you said, it's a marketing position as much as anything because you need to come up with a compelling story as to why. Sam Wilson (00:17:37) - Why now is a great time. And I'm hearing that. I mean, we're hearing that from several people in the industry now where they're saying, hey, you know, we're seeing opportunity. We are positioning ourselves, you know, to take advantage of this opportunity. I just it's yeah, it's I think what you're doing is great. It it is really interesting, though, how you have to craft that message to your investors and share that. So so tell me about that. When you when you're out raising capital in a fund, which I think is uniquely challenging in and of itself, but then also that fund is deploying capital into several other deals and sponsors, maybe that your investors don't know or have a direct relationship with. What is that process like, and how do you instill confidence then in your investors? Whitney Ward (00:18:18) - Yeah. So a strict criteria for what that manager and developer would have to have from a background experience. So all of the groups that I would consider, I've known them since getting into real estate. Whitney Ward (00:18:30) - So I've seen them grow, I've seen them manage, I've seen them manage this market cycle. I've seen them execute right. And so what I try to help others understand is, you know, we're doing our due diligence on these sponsors and these managers by by requiring them to have at least done that specific deal full cycle. Right? Whatever that deal is, we're considering, you know, having an experienced third party, third party property management company in place, if not in-house, they've had to have done agency financing deals, they've had to have experience in any type of bridge or construction loans for us to consider it. So it's a background like we're we're doing a thorough background check on any of the sponsors. And again, like I said, these are these are people that I've had relationships. I share the same investment thesis as them. I mean, it would be almost as if I'm a partner with them on a lot of their investment philosophies. So we're not going to go really out of the box on any of this and, you know, do a development deal in Milwaukee when we don't know anything about it. Whitney Ward (00:19:36) - I mean, that's another thing. Our geographical focus is very specific as well. Being the southeast, our asset type, all those things kind of help our investors feel a little bit more comfortable. Sam Wilson (00:19:47) - That is fantastic. Thank you again for taking the time to come on the show today, and really tell us what it is that you guys are working on, where you see opportunity love here, and people get excited about what it is that they see, the opportunities they see in the marketplace and how they are, again, taking advantage of that. If our listeners want to get in touch with you or learn more about your fund, what is the best way to do that? Whitney Ward (00:20:08) - The best way would be to visit our website. It's CRE Dash endeavors. You know, we did a really good job of just making things very simple. Anyone can understand it and you can. My contact information is on there as well. Sam Wilson (00:20:24) - Awesome. Fantastic. Whitney, thank you again for taking the time to come on the show today. Sam Wilson (00:20:27) - I certainly appreciate it. Whitney Ward (00:20:28) - Thanks for having me, Sam. Sam Wilson (00:20:29) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. 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.
In this episode we will discuss what you can do if you haven't started saving and investing for your future. Why is it important to invest for the long term? What are some strategies to help you save for the long term? How the financial male prime years can help you invest more into your future? Lastly, what are the advantages to working longer, with my returning guest Greg's Take, Real Estate Investor. --- Send in a voice message: https://podcasters.spotify.com/pod/show/andrew-johnson03/message
Episode #317b - Discover how small steps, the right mindset, and managing fear can transform you into a confident investor. Get inspired to take that leap towards financial freedom.
Andy Webb shares why he decided to sell a Single Family property that could have netted $1,000 in monthly cash flow. Despite potential profits, Webb explains his thought process and why he wasn't scared to make a move in today's market. Click to Listen Now
Michelle Garabito is a full time real estate company owner who desires to have more freedom in her life. Tune into this episode of Wake Up Legendary to hear how she is building a digital marketing business through using Facebook and Instagram Reels. Follow Michelle on Tiktok & Instagram
Damon Hart, aka Mr. Foxy, is a real estate investing rockstar. He was born on the gorgeous island of St. Thomas in the Caribbean, where his parents worked for the USPS and taught him the value of hard work and perseverance. After going to college in Pennsylvania, Damon worked in sales but didn't find much happiness in it. Then, he discovered his passion for real estate and started buying, selling, and renting out properties. He became known for his creative approach and lightning-fast deal closings. But Damon isn't just a real estate pro. He's also a super nice guy who loves helping kids. He gives both his time and money to organizations that support children. When he's not crushing it in the real estate game, Damon enjoys traveling to new places and playing sports. He's already visited more than 10 countries and plans to keep exploring the world. In short, Damon Hart (aka Mr. Foxy) is a hardworking, savvy investor who proves that with persistence and determination, you can accomplish amazing things.. Damon Hart is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Damon Hart? Reach out at https://www.foxyhomebuyer.com/.Damon Hart, aka Mr. Foxy, is a real estate investing rockstar. He was born on the gorgeous island of St. Thomas in the Caribbean, where his parents worked for the USPS and taught him the value of hard work and perseverance. After going to college in Pennsylvania, Damon worked in sales but didn't find much happiness in it. Then, he discovered his passion for real estate and started buying, selling, and renting out properties. He became known for his creative approach and lightning-fast deal closings. But Damon isn't just a real estate pro. He's also a super nice guy who loves helping kids. He gives both his time and money to organizations that support children. When he's not crushing it in the real estate game, Damon enjoys traveling to new places and playing sports. He's already visited more than 10 countries and plans to keep exploring the world. In short, Damon Hart (aka Mr. Foxy) is a hardworking, savvy investor who proves that with persistence and determination, you can accomplish amazing things.. Damon Hart is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Damon Hart? Reach out at https://www.foxyhomebuyer.com/.Interested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
Kevin is a successful investor and lender, specializing in creative real estate funding. His company manages multiple mortgage funds and is approaching $1 billion in fundings.Main point:Why should we invest with your company?Why did you decide to focus on the financing side of real estate?How did you do it?What is a mistake you made and how did you grow from that?Connect with Kevin Amolsch:email@example.com://www.facebook.com/PineFinancialhttps://www.instagram.com/pinefinancial/https://www.linkedin.com/company/pine-financial-group/https://twitter.com/PineFinancialhttps://www.youtube.com/channel/UCxarTu7hIVzhQpcLdEEzMhAMeet- Pine Panels (quarterly)http://Pine Financial GroupPodcast- Real Estate Educators
Real estate investors! Are you ready for the massive regulatory change coming on January 1st, 2024? Let's talk about what's coming. Taylor also covers something that's been troubling him lately. The article we're discussing: https://www.wolterskluwer.com/en/expert-insights/real-estate-considerations-for-boi-reporting-requirements FinCEN's FAQ: https://www.fincen.gov/boi-faqs#C_2 The 23 Exemptions: https://www.wolterskluwer.com/en/expert-insights/the-23-exemptions-from-the-corporate-transparency-act
Today on the podcast I am sharing a short snippet from our Collaborative Growth Workshop that we hosted last week - This part of the workshop was a case study from one of our Mastermind members Lisa. Lisa shares the value of collaborations on how they have helped her grow her business and secure paid speaking gigs, new clients and over 200,000 in real estate investment! P.S. Did you hear the Exciting NEWS?! Action Takers Club 3.0 is LIVE! The collaborative community you need to gain massive momentum, get visible and take your business to the next level of income and impact without sacrificing what matters most! Here are 3 things I can promise you when you join: 1. You'll learn the EXACT collaborative strategies that we have used and taught our clients that have helped them gain exposure to thousands, double or even 7x their revenue (see below) and land dream collaborations and partnerships. 2. You'll have the ability to be coached by myself and guest experts who have mastered the art of collaborations and relationship marketing. 3. Lastly get connected with a group of incredible women who want to collaborate rather than compete and will support you and celebrate your wins! To find out more about becoming a founding member, watch this free Collaborative Growth Workshop or send me a DM on @danilivinglife with the word "Collab" Can't wait to get to know you more! Connect with Danielle: @danilivinglife and @businessbabesco Coaching: businessbabescollective.com/coaching Mastermind: businessbabescollective.com/mastermind Speaking + Podcast Guesting: www.businessbabescollective.com/daniellewiebe Connect with Lisa: @thelisamichaud @goaldengirlspodcast https://lisa-michaud.mykajabi.com/links
Originally looking to build a career as a stand up comic, Pip Stehlik (with the help of his wife) came to the conclusion there was a different path out there to make money and achieve their family's financial goals. He went back to the family grocery business, where he was miserable, until he attended a Zig Ziglar event in Omaha back in 2002.His attention quickly turned to real estate, where he bought 16 properties in 16 months. Since then, he's been able to do lease options, renovations, commercial, short term rentals, creative financing, and many other methods. Taking a page from Zig's book, he believes "You can have everything you want, if you just help enough other people get what they want." He's led from the stage, training and mentoring over 40,000 entrepreneurs in 18 different countries, as well as launching Pip's Path To Property, and company designed to help others achieve their goals in real estate investing.FOLLOW PIP
EPISODE 128: Here with me today is a truly remarkable individual. Meet Ross Hamilton, the man behind Connected Investors - the largest network of real estate investors and private lenders. In 2021, Ross sold the network to a Fortune 100 company, creating multi-generational wealth. Ross is the definition of rags to riches, and now, he's using his knowledge and wealth to give back to the community through his charity Saving Homes. Tune in to discover how he built and sold Connected Investors and how he's saving children's homes through his charity. He shares some invaluable investing tips, too, so don't miss out! Key Takeaways: Intro (00:00) Ross's background in real estate and tech (00:29) On connecting people (01:51) On asking the right questions and giving great advice (08:03) The story behind Connected Investors (10:34) Where is real estate heading now (15:54) Saving Homes: How Ross is making a significant impact (20:36) Outro (32:29) — Connect with Ross and check out his charity:
Al Gordon delves into Stephen Covey's book, "The Seven Habits of Highly Effective People," and explores what sets successful real estate investors apart from the rest. Click to Listen Now
Ever wondered how to turn your profession into a pathway to prosperity? In this episode, Felecia shares her journey from the medical world to real estate investing with Gary Wilson, host of the Massive Passive Cash Flow Podcast. Discover how she overcame market crashes, mastered the art of money, and is now revolutionizing investment connections through real estate syndication. Join us as we delve into the vital role of multiple income streams for medical professionals, the power of face-to-face networking, and the game-changing fusion of technology and social impact investing. Stay tuned for insights on the evolving medical landscape, securing financial resilience, and the key to creating wealth that outlasts you. 00:00 - Dr. Felecia Froe: Physician, Real Estate Investor, and Syndication Expert 06:28 - Hard Work and Perseverance are Essential to Success 08:46 - How Physicians' Can Diversify Their Income 12:23 - Physicians' Investment Obstacles 15:23 - Understanding Social Impact Investing 21:01 - The Impact of AI on the Medical Field 28:04 - Making Money with a Side Hustle 40:42 - Closing Segment Resources Mentioned Relentless: From Good to Great to Unstoppable 1 Box CashFlow 101 Rich Dad Poor Dad Massive Passive Cash Flow Podcast host Gary Wilson Connect with Gary! LinkedIn: https://www.linkedin.com/in/thegarywilson/ Facebook: https://www.facebook.com/realestatewithgarywilson/ Website: https://www.myinvestmentservices.com/ Be the Boss of Your Own Money and Own Your Future. Connect with us and Discover Investment Strategies Designed to make a Difference. Website: https://moneywithmission.com Linkedin: https://www.linkedin.com/in/moneywithmission Quote: "Real estate investment may be the doorway, but it's the profound lessons in money, assets, and liabilities that truly open the path to financial enlightenment." - Felecia Froe "It's that hard work and perseverance that really get you where you want to go." - Felecia Froe
Zachary Beach is the CEO/Partner of SmartRealEstateCoach.com, which is a 3X Inc. 5000 Fastest Growing Company that focuses on transforming W2 employees into creative financing real estate investors. With a passion for business building, he is also a partner in Orignal Real Estate, Wicked Smart Finance, and NatProcessing.com. Zachary is also a 3X Best-Selling Author of Real Estate on Your Terms, New Rules of Real Estate Investing, and Sell With Authority for Real Estate Investors. At the age of 24 , Zachary decided to leave the world of bartending and personal training and jump into the family business. It was one of the first big risks that he took in his life, as nothing was guaranteed. Plus, he knew absolutely nothing about real estate. Through hard work, in-house training, and implementation, Zachary, his team and his students have completed hundreds of deals across the country and control $60-$100 million+ of real estate at any given time with little to no money in the deal and no banks involved. He has an amazing wife Kayla and two small children, his son, Remi, and his daughter, Bellamy. He is a prime example of how to be successful both in business and at home. What you'll learn about in this episode: How to recognize, avoid, and reenergize from burnout What 3 components to focus on to avoid burnout Why you need to define your “what,” “how,” and “why” Why it's important to determine your mission, purpose, and values What questions you can ask yourself every 90 days to stay on track and achieve your goals Resources: Everyone is always asking us, “How is it possible to buy real estate without using my own cash or credit?” With decades of combined experience in real estate, we've perfected the process of investing creatively. We want to share as much as we can with you, which is exactly why we're running this FREE workshop! If you're thinking about leaving your job, escaping the W-2 lifestyle, and starting on the path towards creating generational wealth — this is for you! To register, just visit: smartrealestatecoach.com/pcws. Schedule a free strategy session with us. This is an opportunity for you to have an honest conversation with our team about your background, investment goals and create some action steps toward creating the life of your dreams. Together we'll discover where you are, where you want to be, and what's in the way. Just visit: smartrealestatecoach.com/action. Our free Master's Class is the ONLY webinar where you're given the exact techniques we use in our family company to buy and sell homes every month — all across North America and ALL on TERMS! Register by visiting: smartrealestatecoach.com/mastersclass The Wicked Smart Investor's Toolkit is a great way to dip your toe in the water of buying properties on terms. Here you'll receive seller scripts, our investor blueprint, be able to listen to live calls, and much more! Enroll for free at smartrealestatecoach.com/tools The Quantum Leap System has everything you'll need to start buying and selling on terms (without banks and without your own money or credit), launch & scale a business that fits your goals, and strengthen your mindset so you can follow the proven path to becoming a successful real estate investor. You can learn more by visiting: smartrealestatecoach.com/qls. For additional information on lead generation, funding, mindset coaching, legal assistance, virtual staffing, and business growth, visit the Investor Resources section of our website at: smartrealestatecoach.com/resources. Follow Chris and Zach on Club House to learn even more about deal structures and how to get 3 paydays from your real estate investments. Chris's Book: Real Estate on Your Terms by Chris Prefontaine Instant Real Estate Investor eBook: SmartRealRstateCoach.com/ebook Find our next workshop here: https://smartrealestatecoach.com/workshop If you're looking to secure some lines of credit for your business, check out Fund and Grow: www.Smartrealestatecoach.com/fundandgrow Learn more about Associate Coaching Program Funding here: www.smartrealestatecoach.com/funding 90-Day Jump Start: www.smartrealestatecoach.com/jump Nat Processing Website: www.natprocessing.com Request a free copy of our best-selling book, Real Estate On Your Terms and Deal Structure Overtime, at absolutely no charge: WickedSmartBooks.com Join us at the Wicked Smart Summit in March and get 50% off your ticket now! Don't miss out, secure your spot at www.smartrealestatecoach.com/summit50 today! Additional resources: http://www.wickedsmartbooks.com/podcast
Welcome back to 'The Real Estate Podcast'! From real estate investments to the art of crafting coffee, Dawid's journey is a testament to the multifaceted nature of business ownership. Explore how Dawid's upbringing as a first-generation American, rooted in a family of hard work and business ventures, shaped his entrepreneurial path. Learn the pivotal moments during his banking career that led him into the world of real estate, where he strategically collaborated with builders and contractors. Immerse yourself in the story of "Dwellhouse Coffee and Tap," Dawid's unique coffee shops in Hutto and Florence, Texas. His hands-on approach to brewing coffee creates a distinctive ambiance and fosters a commitment to excellence in customer experience. Get a sneak peek into the future with David's latest venture, "MadHouse Coffee Roasters." Learn about his commitment to quality and innovation as he roasts his own coffee beans, aligning with his vision for long-term growth. Don't miss out on this podcast episode filled with enTREpreneurial wisdom and the fascinating journey of Dawid Bednarek. Hit play now and get ready to be inspired!
REIA Radio's Episode 104 brings in none other than Matt Faircloth. Matt Faircloth has been a full-time investor since 2005. In that time, he has successfully completed projects involving dozens of fix and flips, office buildings, single family homes, and apartment buildings. He commands thousands of multifamily units in partnership with millions in passive investor equity, earning him recognition as a trusted authority, regular contributor and podcast guest on BiggerPockets. With an active YouTube channel dedicated to educating investors and a bestselling book, "Raising Private Capital: How to Build Your Real Estate Empire with Other People's Money," Matt offers invaluable insights and strategies to elevate your real estate journey. In this interview however, we hear a different side of Matt as he talks about his connection with Marvel's Captain America and how that played an important role in his life. He also gets a little into how he got his first deal, how he formed the De Rosa group and where the name came from and raising private capital for your real estate or general investments. When you listen to Matt's interview, you'd hear why and how he got on biggerpockets' radar to be a published author, a guest on the podcast and a speaker at the Bigger Pockets Conferences. All this and more inside this week's episode. Let's jump in!
Kenny has generated just over $110,000 in realized revenue in just under 90 days by leveraging sales, marketing, and business experience via Wholesaling & Flips. His core values of honor, transparency, integrity, and generosity guide him always, and earned him awards such as "Biggest Giver" in my real estate mastermind groups. Today, he is a full-time real estate investor looking to grow his business to 7-figures and help others get started in their real estate investing journey or improve their current operations.. Kenny Garza is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Kenny Garza? Reach out at https://www.kennyjgarza.com/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at firstname.lastname@example.org or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI course at https://www.therealestateinvestingclub.com. #realestateinvesting #passiveincome #realestateInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
How do you protect your wealth in a world where others might be looking for ways to claim a piece of it? And how do you ensure that your time, your most valuable asset, is spent wisely? In the latest episode of REady2Scale, we dive into these crucial questions with Clint Coons, a seasoned expert in real estate and law. This episode is a must-listen for anyone serious about safeguarding their wealth and optimizing their time. Clint brings to the table his extensive experience in real estate investing, focusing on the critical need for asset protection in a landscape where legal challenges can arise unexpectedly. His insights are crucial for anyone looking to secure their investments against unforeseen threats. Drawing from his books "Next Level Asset Protection" and "Tax and Asset Protection for Real Estate Investors," Clint offers a glimpse into effective strategies for shielding your wealth. These resources are invaluable for those navigating the complex terrain of real estate investment. Key Takeaways: -Avoid BS Lawsuits - Proactive measures to protect your assets from potential legal entanglements. -Tax Planning is Critical for Growing Wealth - Understanding the balance between effective tax planning and business growth. -Time is Money - Make every moment count in your investment journey. This episode is more than just a discussion on real estate and law; it's about strategically building and protecting your legacy in a time-efficient manner. Contact Clint: Website: AndersonAdvisors.com Youtube: Anderson Advisors Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Production Team: Co-Host: Jeannette (Robinson) Friedrich Guest: Clint Coons Strategy: Syed Mahmood Editor: Trinity Hodges Learn more about your ad choices. Visit megaphone.fm/adchoices
Chuck Hattemer is the co-founder and CMO of Poplar Homes, a nationwide property management company based in California. Chuck and his team are focused on helping mom-and-pop investors across the country manage their properties better by giving them access to institutional power and he is with us today to talk about the importance of effective property management systems and how Poplar Homes is helping solve issues in property management today! Listen now to learn more about Poplar Homes, what's going on in property management, and how you can better manage your rentals as a real estate investor today! Key Talking Points of the Episode 00:00 Introduction 00:58 Who is Chuck Hattemer? 03:35 What should real estate investors be focused on in today's market? 07:04 What makes someone a mom-and-pop investor? 10:41 Why is Poplar Homes focused on serving mom-and-pop investors? 13:33 How did Chuck get involved in student housing while he was in college? 16:01 What was the turning point that led Chuck to property management? 19:55 What made Chuck decide to focus on the customer's pain points? 23:50 What is the biggest challenge in property management? 28:02 Why is maintenance one of the most significant concerns in property management? 30:35 How is Poplar Homes changing maintenance management for investors? 33:53 What aspects of property management still need improvement? 40:45 What is Chuck's advice for real estate investors today? 45:00 How does Poplar Homes help investors manage their rentals better? 49:01 Where can you learn more about Poplar Homes and how they can help you? Quotables “We kinda approached it from the consumer, the renter perspective first and it was a problem that all of our peers were talking about.” “That was all about this philosophy of don't over-optimize and don't build before you know exactly what the customer wants and what the pain points are.” “So many opportunities that come up in my experience, in our business, have come up because we've knocked on that extra door. We've asked the tough question when the time has run out to a mentor or to someone we want to make a deal with.” Links Website: Poplar Homes https://www.poplarhomes.com/ LinkedIn: Chuck Hattemer https://www.linkedin.com/in/charleshattemer/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/