Podcasts about rentometer

How can a $20 monthly fee or a minor tweak in rent comps add hundreds of thousands to your property's value—and why are so many investors missing this? In this eye-opening episode, Anna Latysheva and Fernando Arias dive deep into the nuanced world of real estate underwriting, market rents, and the often-overlooked impact of "other income" on a property's valuation. Through detailed examples and practical advice, they reveal how strategic income streams—like pet rent, parking, and even laundry contracts—can dramatically shift your investment game. This episode demystifies how seasoned investors extract additional value and remain competitive in tight markets like Denver.     [00:01 – 04:42] Beyond the Finish Line How comparing physical finishes and amenities side-by-side impacts rental pricing and strategy. Why understanding unit square footage variations is essential for evaluating true comparables. The significance of visual walkthroughs and local architecture knowledge when analyzing comps.   [04:43 - 08:32] Numbers that Speak How small rent differences significantly alter total income and overall property valuation. Why relying solely on tools like Rentometer can misguide your pricing strategy. The importance of understanding local cap rates and market behavior to assess a property's worth.   [08:33 - 13:06] Unlocking Other Income Streams What “other income” sources (pet rent, parking, laundry) add to your bottom line. The need to align with local norms—what's considered standard in your market to stay competitive. Why ignoring ancillary income results in undervalued offers and lost opportunities.   [13:07 - 21:12] Boosting NOI with Rhino & Surety Bonds How deposit alternatives like Rhino reduce move-in barriers while protecting landlords. Why structuring a move-in fee versus traditional deposit boosts cash flow. The significance of understanding tenant behavior and legal safeguards in using these services.   [21:13 - 22:41] The Small Charges That Scale How credit reporting fees, trash valet, and CAM charges stack up in large portfolios. Why customizing income streams to tenant lifestyle trends future-proofs your model. The importance of questioning old norms (like cable packages) to adapt to current needs.       Connect with Anna:   LinkedIn: https://www.linkedin.com/in/ibuybuildings/   Connect with Fernando:   LinkedIn: https://www.linkedin.com/in/fernandoapartments/     Key Quotes:   “You really need to hone in on what's my true market rent for this property.” - Fernando Arias   “People just love to live with pets—even in a 500 square foot apartment.” - Anna Latysheva     Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

How do you figure out the most accurate market prices for rents on your properties?  In this episode of the #DoorGrowShow, property management growth expert Jason Hull sits down with Nathan Jackson from RentFinder.ai to talk about how you can level up your listing game. You'll Learn [01:24] The creation of RentFinder.ai [05:06] An AI tool for finding rent prices [09:17] Making the switch from one tool to another [13:00] Customizability and integration Tweetables “You come up with something cool and you show it to your friends, then other people are going to want it.” “You can either have it done accurate,  cheap, fast, but you can't have all three.” “I think early adopters to it are going to reap a lot of rewards and a lot of benefits financially and otherwise.” “Once the entire world catches up, you know, and adopts these things, then it can be a bit more competitive, a bit more of a challenge.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Link Transcript [00:00:00] Jason: I think early adopters to it are going to reap a lot of rewards and a lot of benefits financially and otherwise. Once the entire world catches up, you know, and adopts these things, then it can be a bit more competitive, a bit more of a challenge.  [00:00:14] Welcome DoorGrow property managers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing in business and life, and you're open to doing things a bit differently, then you are a DoorGrow property manager. [00:00:32] DoorGrow Property Managers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not. Because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. [00:01:14] Now let's get into the show. So today I'm hanging out with Nathan Jackson. Welcome Nathan.  [00:01:22] Nathan: Hey, thanks for having me. I really appreciate it.  [00:01:24] Jason: So Nathan, is with RentFinder.ai and so Nathan, before we get into talking about RentFinder, which I think is a super cool tool. I've gotten to take a look at it, play with it a bit. [00:01:36] I want to get into the audience hearing a little bit about your background. How did you get into playing around with property management related stuff. What's your history here.  [00:01:47] Nathan: Yeah. so my background is really you know, kind of growing up as a kid, technology was kind of my life, the most important thing to me. [00:01:52] But as I got towards that age for college, I was more interested in the finance side of things. So I went to school to get a degree in finance and investments. I lived in Manhattan for a little while, and then I also ended up starting my workout for a property management firm doing data analytics. [00:02:07] That was kind of the first thing I started doing. And when I got in the door, it was one of those things where I just slowly started gravitating more towards the data analytics and technology at the same time. And as the company I was with called ONEprop got acquired ultimately by a company that rolled up into HRG, I kept being more on that analyst side role, but then also doing more with automation technology. [00:02:28] And that entire side of the business you know, obviously the space, even five, six years ago was very immature from a tech side. And so I saw all sorts of opportunities to kind of get into that space. And then after being with the company that was acquired by HRG I came over to a company called Specialized Property Management and that's where I've been for about five years. [00:02:47] And then I've been leading all of our technology efforts here at Specialized Property Management. So even with the background in finance, I kind of gravitated back towards my roots, which is tech and all that space. So that's what I've been doing here. We've been building software internally, building sort of, integration type stuff and all sorts of cool tools here at Specialized. [00:03:04] And then RentFinder was born out of Specialized. So it's kind of where we are today.  [00:03:08] Jason: Got it. And so I know Chuck Thompson and he's, is he CEO of Specialized or? Yes. Yeah. He's CEO. Yeah. So He used to be part of the RPM franchise and he was a client of mine and helped him with websites and, you know, some other things early on. [00:03:28] And he's got some other like former RPM people that are part of his his organization as well. And that are connected to this like Rod Schifferdecker past client as well. So, I mean, it's really cool to see, like, I've got clients creating stuff now that can benefit my clients. Like, that's really awesome.  [00:03:45] Nathan: It's great, great circle of life there. Yeah.  [00:03:47] Jason: Yeah, it's really cool. So, RentFinder.ai was developed to solve what problem? What was the problem that Specialized was having with all the other rental tools? Because there's a bunch of them out there.  [00:03:59] Nathan: Yeah, so fundamentally that's a great question. [00:04:01] We built this solely as an internal tool to begin with. We had no intention of launching this as a product whatsoever. We were just going to all the different sort of rental evaluation tools that were out there, whether it was a Zillow, whether it was a Rentometer, whether it was a RentRange, a RentFax, there was just fundamental problems with every one of them. [00:04:18] And with a lot of my work that I've been working on with Specialized, we got really heavy into the, you know, AI statistical modeling and deeper science behind how to do some stuff with data. And I said, Hey, I think I can build a better tool, build a better mousetrap to do this. And it was one of those things where just kind of organically, we started building out internal models to price out for our own agents. [00:04:37] We started sharing it with some key clients and one day we had a key client say, Hey, you know what? I would love to share this with my investment partner. Can we go ahead and get an account for them set up? And all of a sudden we went from checking five, 10 a day to, you know, within a few months of just building internally, running hundreds and hundreds. [00:04:53] And it's just sort of been off to the race ever since then scaling the same space. So.  [00:04:57] Jason: I mean, you come up with something cool and you show it to your friends, then other people are going to want it. Yeah, that's true. And so you guys have built the better mousetrap. You guys have built this cool tool. [00:05:06] So tell everybody, like, what is RentFinder.ai. Let's start there.  [00:05:10] Nathan: So fundamentally, if you know those tools like RentRange or rentometer we're fundamentally providing a very similar service. The key differentiators of what we do specifically versus them is that we are taking in just say a monstrous amount of data, the price out of home. [00:05:23] You know, we're not looking at just like the recent comp, plus the beds, bathroom square footage. We're looking at hundreds of data points per property, all the little things that you don't necessarily think about on any sort of listing that you see, we're looking at photos of the property. We're doing an analysis of what exactly the inside of the home looks like if we have them as well as a virtual tour scan. [00:05:41] We're basically trying to look at the nitty gritty about what really makes a home rentable. And when you find what makes a home rentable. You can really hone in on that price because it's pretty easy to look at two homes on paper, a 3, 000 square foot, three, two next to a 3, 000 square foot, three, two and say, Oh, they're the same. [00:05:56] But we all know that's not the case when you walk in the door, right? One home is a lot prettier and a lot better than the other. And fundamentally that was the aspect that's been missing. So we've added that into our analysis. And we've been able to really hone in on very, you know, precision rents by going that route and just going way beyond the limited amounts of data the other tools use. [00:06:14] Jason: So you said there's like hundreds of different data points. Can you give us an example of what maybe some of the other tools might not be looking at?  [00:06:22] Nathan: Sure, like, we'll be looking at like, how recently were the new wood floors installed in the kitchen, right? What color are the wood floors? How are the wood floor colors in this area of the neighborhood renting compared to this over here? [00:06:32] Because we're looking at all the other homes, like little tiny details like that. We're looking at, you know, do you have a pool? If you have a condo, are you facing the north or the south side of the building? Just all the How are you getting all  [00:06:41] Jason: this data though? Where does all this data come from? [00:06:44] Nathan: So generally, I joke with my team that we're kind of like a data vacuum. We get data from anywhere and everywhere that we can. We buy data from sources. We find data online in publicly available places. And if we can't find it or buy it, we generate it. We do things where we're taking data sources like photos, for example. [00:06:59] Photos are a very rich source of information. They're just not really normally easily extractable, right? But if you look at photos and analyze them in a smart way, you can get data out of those photos to be able to do an analysis from there. That's kind of what we're doing.  [00:07:12] Jason: And you're leveraging the AI to do this? [00:07:14] Like AI is looking at photos and going, "Oh, they have hardwood floors."  [00:07:18] Nathan: Yes. Yeah. We have some trained AI models that we've done. You can do visual analysis on the photos and it'll basically take a look at a photo and say, you know, here's the types of floors. Here's what's going on in the kitchen. Here's what we think it was most recently updated. [00:07:30] How up to spec is it? How is it spec wise compared to the rest of the neighborhood? Things like that.  [00:07:34] Jason: Okay, that's pretty cool. So I know when I was using the tool, I tried it on my property. And so I was curious and then what's cool about your tool is you can chat with the tool, so then I can ask it, like I'm talking to the AI, I can ask it to make some changes. [00:07:52] Like I told it, I said, "well, some of these in the comps that you've got listed below are don't have a golf course view of the backyard like my property." So I was like, "can you only show ones that have a golf course view," and then it adjusted it, right? And so yeah, so if somebody's like my property special because of whatever or this property special they can ask the ai to just show the properties that like where that criteria fits And then it was like, yeah, no problem. [00:08:19] I'll do this and then it changed it. [00:08:20] Nathan: Yeah, I know that's one of the features that we've been baiting right now that we've had a lot of great feedback from our customers is that ability to kind of give the really holistic analysis that we provide to the client, but then give them the interactive ability, whether they want to be changing something on the analysis or asking the question about it, you know, being able to take that data. [00:08:36] It just makes it much more personal, more real experience to understand how we got to that number. It's not just a black box that you can only see. Here's the number, take it or leave it. You can give your input. You can say, hey, a lot of customers like to say we're going to add in a new bedroom to this home, or we're going to convert the garage, or we're going to change the kitchen over to fully update it. [00:08:53] How much do you think that'll impact the rents based on everything else in the area? So you can use it as kind of an analysis and evaluation tool to understand, you know, what really is worth doing or not. So we've had a lot of customers that have really enjoyed doing that. Got it.  [00:09:05] Jason: So they can sit there and play around with it and try and figure out, oh, how do we get the most rent? [00:09:10] Would it make sense to convert the office into a room or like, yeah. Okay. Got it. That's very cool. So, everybody listening they might already be comfortable cause they've been using some sort of tool like the several that you mentioned they're already using, they're like, it's all, it's already doing an okay job what would you say to them? [00:09:30] I think the things they would be like concerned about would be price, one of the things that I notice is your tool seems to be a lot more affordable to do a lot more reports than the others, probably because the leverage of AI. [00:09:42] Nathan: So when we launched the tool, my idea behind it was I wanted to be the best, I wanted to be the most accurate, I wanted to be the cheapest, and I wanted to be the most user friendly. I said, I want to give no one any reason to stick around to the older tools to make it to where it's very easy to switch. [00:09:55] So from a price perspective, you know, even if you're getting a really sweetheart deal with some of the biggest competitors on the market, we're almost always going to be way cheaper, right? We can get down to, you know, about a dollar per report, depending on the volume that you're doing. And we have packages that kind of range anywhere the highest price you can possibly pay for a report is 3. 50 per report. And that is still way below, you know, like the rent range, for example but they market as well for their advertised price. Okay. And then also the biggest thing that matters most is accuracy. That is why you come to us first and foremost, is that when you look at a large section of a portfolio, when you look at what this home actually rented for, you look at a rent range report, you look at a RentFinder report, you look at a rent fax report and a rentometer. [00:10:31] We're going to be the closest every single time. We have a lot of data sets to validate this. We work with very large firms that have done large analyses on thousands of properties to say, Hey, you know, definitively RentFinder is the best rental tool for pricing on the market. And so if you want accuracy, that's why people come to us. [00:10:47] Jason: You know, they usually say it's kind of a joke. You can either have it done accurate, cheap, fast, but you can't have all three or, you know, stuff like this. And you're like, yeah, but we figured it out.  [00:11:00] Nathan: You know what? It's funny you mentioned that. I've said that a few times myself. That's, that was one of our goals. [00:11:03] I wanted to make it that easy and that quick and it makes it a no brainer, right? When it does meet all those goals, it makes it easy to switch. So you're exactly right.  [00:11:10] Jason: And you know, it's really AI that's kind of allowed all that to happen. Right? Like AI, we're in the middle of this AI revolution right now. [00:11:17] And I think early adopters to it are going to reap a lot of rewards and a lot of benefits financially and otherwise. Once the entire world catches up, you know, and adopts these things, then it can be a bit more competitive, a bit more of a challenge. But property managers right now that adopt some of these AI tools, like we've had some really cool new tools that are coming to the market like, Vendoroo. [00:11:40] Which is one of our podcast sponsors. They're doing the maintenance coordination, AI maintenance coordinator, which is just super cool. We've got tools like RentFinder.ai. There's all these different AI tools that are coming out right now. There's Super hiresuper. com I think is the website that does like an AI inbox for property managers. [00:11:59] Like there's all these tools right now that where there's this innovation that's being able to happen that just. Wasn't possible earlier, and it really cuts the cost down for property managers. And so if you're able to decrease costs and increase output and do things faster and better, then that gives property managers more margin. [00:12:20] Nathan: Yeah, absolutely. Right. I definitely agree with you. I think the landscape of the AI tools, especially is fascinating. You're able to see a lot of new things come to market that really were not possible before, right? Like you said earlier, you know, we're gonna find, we're gonna find there's only possible because of the AI set of things, right? [00:12:34] You know, what we would do today. Would not have been possible whatsoever, you know, 10 years ago, by any means. And so I really do think it's interesting when you can get these tools off the ground and into people's hands sooner, it allows PMs to be able to move a lot more quickly. And as I mentioned before, you know, we started, I still am a PM myself, right? [00:12:50] So I understand the industry very well. And I always, I'm looking for new tools to be able to bring into that side of the business as well. And it's a very interesting landscape right. [00:12:58] Jason: Now. What else should people know about RentFinder.ai?  [00:13:04] Nathan: So the big thing is that what we do fundamentally is provide that price but we provide you that price in however many ways you need it, right? [00:13:10] We can connect to you through Zapier. We've got a fully built out rest API for companies that are needing large amounts of reports and have their own technical integrations. We've got systems built out to allow you to do bulk uploads of reports and things from like default Appfolio and property reports. [00:13:24] We made it very simple. So whatever your workflow, you can fall into what we do for you. You know, we have full white labeling as well. We love people to put their brand and logo and colors on that report. And then also share that really nice interactive report with their end user, whoever that client may be, just to make it to where it's very easy to switch. [00:13:39] And there is no barrier from going from like a rent range or rentometer and making it to where you can immediately start day one using our tool and integrating it into your current workflow. And a lot of people also love the. Biz dev integration. We've got like the, you know, get my free rental analysis widget that you plug into your website and you can take those leads and pump them right into lead simple right into HubSpot and have them just go directly to your email. [00:14:01] And then your client can get that nice report while you also get that this dev side of the things as well. So all of our clients that have integrated that have had very great success and it's something that people really like.  [00:14:11] Jason: Yeah, I like the rent analysis website, which that's cool. So, you mentioned api for those that are not as nerdy as maybe you and they can't figure out what to do with an API, but they like things connecting. [00:14:26] Do you guys have in the works, is that Zapier connection or make or anything like this?  [00:14:31] Nathan: Yep. We do have a Zapier connections invite only right now, but if anyone is interested if you sign ,up we can invite you to be able to start using it. Make you something as well that we're also in the works with. [00:14:40] I've been working with them pretty closely to get that online. And then if you don't have any one of those that you want to go down, Our API is very simple. We try to make it to where it's very plug and play to where you can just start up with, you get your API key and you can just submit just the single line address and we'll do everything in the background. [00:14:56] You don't need to give us 12 other data points to determine what property your property is. You can just very quickly, one button, one address, and then it'll work via the API. So very quick and easy.  [00:15:06] Jason: That, yeah, that is really cool. This is largely for long term. Could this also apply to short term? [00:15:12] Nathan: Right now, we don't do short term. We focus solely on long term SFR as well as basically we don't price apartment homes, right? We don't price large. 400 unit apartments. We'll price condos, townhomes, mobile homes, basically needs to be SFR of some sort. And you're like, even like a 10 or 20 spot apartment complex will price, but there be honest with you that there are better tools in the market for the large apartment pricing, that's just not what we do. [00:15:34] So yeah, we're SFR focused. Got it. All right, that's largely our target audience that of this podcast.  [00:15:42] Jason: So very cool. Well, I thought the tool was really cool. I love that. It's cheap and that it shows you all the properties that are connected to that particular report. I mean, it makes it really easy to show to your potential client or your existing client. [00:15:59] Hey, this is what your property probably could easily or should rent for and with some serious accuracy and at a level that the other tools just wouldn't be able to do. Yeah, so very cool. How can people, Nathan, get in touch with or find RentFinder and what's the best way?  [00:16:19] Nathan: Yeah, sure. [00:16:20] So if you go on Google and search RentFinder.ai, you can type that in and you'll see, we'll be the first result on Google, or you can visit us at home. RentFinder.ai directly and just click the login or sign up button. And if you click that, you'll get free reports just to start out and play with the tool. [00:16:34] You know, I like to put my money where my mouth is. You don't have to give us a credit card or anything just to start trying it. You can go in right now. Start running reports for free to see how you like us compared to what you're doing today. And so you can do that and just see how you like it. And then from when you're in there, you can hit the contact us button and reach out to me, or you can email me directly by you'll see my contact information on our page as well. [00:16:53] Reach out there. But most of it's all very self service. You should be able to just get using it today right away. And we've worked out a deal with you and your team for those who want a discount, if you use the code DOORGROW15, DoorGrow one five, you can get 15 percent discount off the publish rates. [00:17:09] Jason: So, yeah. So check that out. Really excited about this. So Nathan, appreciate you coming and hanging out here on the DoorGrow show. And I hope you guys have a lot of success with this.  [00:17:21] Nathan: I really appreciate it. No, thanks for having me. It's been a great time talking to you. All right. Awesome. We'll let you go. [00:17:26] Jason: All right. So if you are a property management entrepreneur that wants to add doors, you're struggling, you're finding things difficult or maybe you're just struggling with the operational side. You're like, I can add doors, but adding more doors is not making my life better anymore right now. It's making my life more stressed. [00:17:42] Then you need a really good operating system in your business and that's something DoorGrow can help you with as well to make your business what I call infinitely scalable. You just need to get that Super S ystem of systems in place. And so reach out to us at DoorGrow. We would love to help your bdms scale and grow your business. We would love to help you as a business owner function like a bdm and scale and grow your business. And we would love to help you be able to you Have the ops and the backend and the support that you need in order to comfortably scale your business without it making your life worse. [00:18:13] So reach out to us, check us out at doorgrow.Com and you can learn more about us there, or make sure if you're a fan of the podcast, you're enjoying this, join our free community for the podcast, which is our Facebook group, the DoorGrow club. It is the best property management Facebook group, hands down. [00:18:32] We reject 60 to 70 percent of the people that apply to join this group. We only let in property management business owners. Check out this group. It's an awesome group. Great resource. If you are wanting to be around others that are growth minded, that are crushing it and be more connected to DoorGrow, go to DoorGrow club. com and until next time, to our mutual growth. Bye everyone. [00:18:55] you just listened to the #DoorGrowShow. We are building a community of the savviest property management entrepreneurs on the planet in the DoorGrowClub. Join your fellow DoorGrow Hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead content, social direct mail, and they still struggle to grow!  [00:19:22] At DoorGrow, we solve your biggest challenge: getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from today's episode on our blog doorgrow.com, and to get notified of future events and news subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow Hacking your business and your life.

Episode #314 - If you HAD to buy a good real estate deal in the next 90 days, what would you do? In this interview, investor and author Anson Young takes on this challenge to let us know what he would do find a rental property in a brand new market within 3 months. Follow along and learn!

We always hear about the importance of due diligence. Well, we can never say it enough as Ayal Joshua shares his real estate experience of a costly fix that shouldn't have happened. He goes over the turn of events and the steps he had to undertake to make the property function without compromise and worked on lowering the cost. He emphasizes the value of going beyond what's required and practicing caveat emptor: “Let the buyer beware.”[00:01 - 03:49] Opening Segment Ayal Joshua on getting into multifamily as an electrical engineerInvesting in your own backyard to see all the bad, the good, and the ugly[03:50 - 12:46] Costly Fixes That Shouldn't Have HappenedWhy you should go granular and do the septic system inspectionA costly mistake that could have been avoided through due diligenceFrom $400 to $60 a month for city water and sewer[12:47 - 15:32] Considerations for Cutting Down CostCutting down costs without the compromiseThe virtue of doing more than is required[15:33 - 19:24] Closing SegmentDo your due diligence and do the inspectionFinal wordsTweetable Quotes: “It all starts when you're purchasing the property. It all starts with your due diligence… The other thing is, you've got some properties that are connected to the city sewer, so they have septic tanks, and many people don't do the septic tank inspection. Sometimes that's critical.” - Ayal Joshua“You have to exercise the letter buyer beware, you know, the caveat emptor. Do your due diligence, do the inspection.” - Ayal JoshuaLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCGo to rentometer.com to get a free 7-day trial and try it out for yourself.Rentometer: your source for local rents, comps, trends, property details, and more.Support the show (https://www.facebook.com/groups/157335752156211/)

You enter a deal and the underwriting reveals that there is too much expense allocation for the property topped with bandaid fixes to solve… What happens then? Williams Edwards shares this noteworthy experience that ended up with reduced expenses, replaced property management team, and even lower tax burden. He also highlights the value of consultancy for better tax benefits. Listen as he shares his story of starting from the ground up and now investing in 5000 units.[00:01 - 04:29] Opening Segment Williams Edwards on the W-2, the software systems, then to real estateWhen multifamily ticks all the boxes as a GP and a KP[04:30 - 12:21] The Dangers of Overlooked Bandaid FixesGoing for a 37-unit instead of a 100-unit…why?The perks of operating with your own moneyWhen the maintenance only go for bandaid fixes without replacement[12:22 - 21:44] Steps to Take for Better PositioningUndertaking the steps to vetting the property managersWhen the underwriting reveals too much expense allocationConsidering loans, interest rates, and tax valuation for better positioning[21:45 - 24:49] Closing SegmentDo your best and follow your heartFinal wordsTweetable Quotes:“A lot of people who come into the space think, ‘Oh, it's gonna work from day one, like it's new, out of the box.' And that's just not the case. ” - Jerome Myers“You don't really know what you got out of the gate, you know? Just do your best job. Follow your heart.” - Williams EdwardsLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCGo to rentometer.com to get a free 7-day trial and try it out for yourself.Rentometer: your source for local rents, comps, trends, property details, and more.Support the show (https://www.facebook.com/groups/157335752156211/)

An update from our host, Andrew. And a short holiday message.   Get Your FREE Rentometer Account: We also want to give a big shoutout to Rentometer for sponsoring the show. Rentometer is the fastest and easiest way to analyze current local rents in the US! Get your FREE Rentometer account here: https://geni.us/pCMP   Try a FREE Rentometer Pro Rental Report: Already have a free Rentometer account, but unsure if upgrading to the pro account makes sense? Get a FREE PRO Rental Report here: https://geni.us/rentometerproreport   ----------------------------------   You can check out the best ways to learn about real estate investing, and house hacking at https://geni.us/learnaboutREI   ----------------------------------   Check out the Ultimate House Hacking Guide Article. https://fibyrei.com/hhguide   ----------------------------------   The House Hacking Podcast is brought to you by FI by REI, whose goal is to help you achieve financial independence through real estate investing. https://fibyrei.com/

Episode 84 features an interview with Karina Mejia, a 24 year old real estate investor and agent in Boston, Massachusetts who has built a portfolio of 12 units in just about 2 years time. Her impressive abundance of knowledge in the real estate world is only exceeded by her ambition to succeed. Karina invests in properties both in and out-of-state, and has accomplished an incredible amount of success at such a young age. If you are wondering whether or not you have the tools or knowledge to succeed, Karina's story will put all of your doubts to rest as she has fearlessly proven that you can do anything you set your mind to. Karina's Social Media Handle: @karina_mejiaa | Karina's Website: www.karinasells.comThis week's episode is brought to you in partnership with Rentometer, an incredible tool for researching the real estate rental market before, during, and after you make any deal. For a free trial of Rentometer PRO, click HERE-We're now using RentRedi to help manage our investment properties. RentRedi is an all-in-one property management software that assists with rent collection, maintenance, tenant screening, communication and more. Click HERE to learn more about RentRedi, and be sure to use promo code JUICEPOD to get 50% off. -

Max Feinberg is a Roofstock Certified Agent out in Pittsburgh PA, a fellow investor and a wealth of knowledge about his local market.  In this episode, Max tells us about the homes in Pittsburgh, the vintage, neighborhoods, the rent to purchase-price ratio, common issues that come up on inspection reports, and details that only a local would know. Listen to this episode to learn if Pittsburgh is a good market for your strategy.   --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Mark: Welcome to The Remote Real Estate Investor. My name is Mark Woodling. Michael Albaum and I are joined today by Max Feinberg, who's from Pittsburgh, Pennsylvania. So he's one of our certified agents and is going to give us a quick market breakdown and tips and tricks that we need to know about investing in Pittsburgh. So let's jump into it.   Max: Thanks for having me.   Michael: No, We're really excited to have you on So You are our certified agent out in Pittsburgh, right?   Max: That's correct. Yep. Pittsburgh, Pennsylvania.   Michael: And are you born? Are you a born and bred Pittsburghean? Is that is that the proper term?   Max: Pittsburgher, Yeah, I am.   Michael: Much better.   Max: We could go with Pittsburghean. I was born and raised in Pittsburgh, Pennsylvania. I left when I was 18 years old. I lived in Arizona for about seven years. And I started my real estate career out there. But I'm back home in Pittsburgh and really enjoying working in real estate here.   Michael: Where in Arizona where you?   Max: I wasn in well, I went to Arizona State University. So I was in Tempe, Scottsdale Phoenix. started my career in Scottsdale. Yeah.   Michael: A lot less snow out in Tempe right?   Max: Yeah, yeah, well, weather was a little bit better. But it's not how I'll tell you that much.   Michael: Yeah I totally can appreciate that. So max curious to know, how did you go from Arizona real estate back to Pittsburgh real estate was it just, you know, the home homesickness or you knew that market better, you'd read that market better?   Max: It's a combination of a few things, those those are definitely part of it. Arizona is one of the more competitive real estate markets in the whole country. I'm not going to get the number exactly right. But I remember they had some crazy number of agents in the state of Arizona over 40,000 or something like that. And so just inherently not being from there. And not having that sphere of influence and network made it hard for someone who was just starting in the real estate industry to get you know, some traction.   When you combine that with not really knowing the area, like you just mentioned, and being a little bit homesick. All those things brought me back to Pittsburgh.   Michael: Fantastic. And I'm curious what what's been the biggest change in Pittsburgh, since you grew up there to now what have you seen?   Max: the biggest one has probably been, you know, some of the factors that are making up the economic drivers here in Pittsburgh, the increase in tech jobs, health care, education, all of those things. And then what they've done to the real estate market, some of the crazy amount of appreciation we've seen in certain areas, and now starting to spill over into these other areas. And we're seeing a lot of development. When I when I was younger, we didn't have we didn't have as much of that the Pittsburgh was still coming off that steel town reputation. And that's really changed a lot over the last 2025 years.   Michael: Interesting. So when people say when people hear the word Pittsburgh now, what should they think of?   Max: They should think of technology, healthcare education? I know it doesn't. Well, you know, you still think of the Pittsburgh Steelers, you think of steel mills and things like that. And I think there's only one steel mill left in the whole city, you know, those have been gone for a long, long time now. So you know, the main economic drivers, as I mentioned before, I've totally changed and we've become a really savvy city. That's more cutting edge.   Michael: Interesting. That's really exciting to hear.   Max: Yeah.   Michael: So as someone that's not familiar with Pittsburgh, asking for a friend, talk to me, like I'm a brand new movie, and give us kind of a high level walkthrough, if you will. Okay, if I'm looking at a Google map of Pittsburgh, how should I be thinking about some of the different sections, sub markets areas, if I'm an investor?   Max: Yeah, it's funny you say that, because I always tell clients I'm working with looking at a map of Pittsburgh is really not helpful at all. For a few reasons. One, we have over 90 different cities that comprise of a fairly small, big citiy, you know small major market. So we have a lot of small little neighborhoods, which are all really different.   And you know, outside of the city of Pittsburgh, there's another 150 or so small neighborhood. So when you combine that with really the topography of the area, looking at it to the map, as an investor really doesn't help you too much. You know,   Michael: Great to know   Max: A town that can be right next to another town on a map would be one place would be an A plus type community with great schools. And you look at a map and you say, well, these prices are lower right next door, why can't we invest in this area? Well, you know, it's across a river and there's a mountain there and you know, it looks like it's next to it on a 2d map. It's really not the case. So it's definitely be helpful to be familiar with the area. And that's where I could come in, or I've had a lot of clients come, you know, fly into Pittsburgh and drive around and really learn a lot from just doing that.   Michael: What you just said, I think is so valuable for so many investors, because I think so often, especially remote investors will take our local knowledge and apply it elsewhere. And to your point, I mean, you can't do that. You can't do that ever, and especially not in Pittsburgh. So this is great to know. Okay, so then talk to us about some of the markets, sub markets, neighborhoods that you are seeing, really right for investors, where folks are doing quite well.   Max: Yeah, you know, it's there's a few different types of investments that could work here in Pittsburgh, as I'm sure there are other areas and with there being so many different communities. I would say there's really not one answer to that, right. There's there's communities, such as Lawrenceville, or Shadyside, or East Liberty, where we've seen a lot of these companies like Google or Facebook, or Uber moved from Silicon Valley and open offices here. And so those are more appreciation plays, right? Or maybe Airbnb or a property like that works in these areas. But when we're looking at analyzing them for cap rate, or cash on cash, the prices are a little too high. So where we see a lot of success with investors in Pittsburgh is some of these areas that are a little more obscure, a little lesser known that I would call more B to C plus type areas. And we have a lot of them. There's no shortage of them. Like I said, there's, you know, 100 of them.   Michael: Okay, so awesome. And kind of digging into the numbers a little bit on those more appreciation plays. Can you give us an idea of just a ballpark idea of what a 3-2 would cost and what it would rent for versus some of those more cashflow heavy markets?   Max: Yeah, yeah, I mean, in Lawrenceville, and areas like that. Some areas that are popular with nightlife would be like the South Side Mount Washington, Lawrenceville, these types of places are three twos probably going to be the lower end would be 250, you're probably going to be in the 350 to 400 range for something that doesn't really need any work. And the rents are going to be in the mid 2000s. So on the surface, if we do, you know, napkin math, right back in the napkin math, that doesn't really meet that 1% rule that we look at, to further analyze a property. But right, you know, you are getting appreciation you are in areas where you know, it's probably a better tenant base that, you know, wants to be in those areas for the nightlife and things like that. So…   Michael: Yeah, totally random question. Where do you think the term back of the napkin came from? Is it because there's like, like food on the front of the napkin?   Max: Probably a couple guys sit in like a, you know, a pub in England or something. Maybe just doing some math on the back of a napkin? I'm not sure.   Michael: No one ever says some front of the napkin math, it's always back of the napkin.   Mark: So Max, I got a quick question. What's the sweet spot that you're finding right now between, you know, the cash flow markets and the appreciation markets? Where Where do you feel like the opportunity is that most investors are really gearing towards in it's competitive, but not overly competitive?   Max: Yeah, so for Pittsburgh, there's, there's a few different answers to that, if you're looking for single family homes in those B to C plus type areas, we're going to be looking at prices that are in the low to mid one hundreds, just because that's where the rents are going to match up, and we're going to be near that 1% rule or maybe a little over it. Now, like most cities, if you get a little further away from town, or you go to some areas that are a little less desirable, we may be able to find single family homes where the numbers look a lot better. And there's inherent risk involved with that as well, the buildings are a little rougher, you may have more tenant turnover and issues in that regard. But that's generally where we're going to be for a three bedroom, one or two bath home, duplexes and triplexes are going to be probably in the mid one hundreds to low to hundreds. At this point, which has really gone up, you know, I'm sure like a lot of other cities in the past two years, from, you know, the low to mid one hundreds to high one hundreds, each thing's probably gone up about 30,000. So, you know, probably about 10 to 15% appreciation.   But that's where we're going to see the numbers. I like to steer clients towards duplexes and triplexes if they're looking for cash flow. You know, we know that there's probably more turnover on multi units than there are single family units. But cash flows generally going to be a little bit better around here.   Michael: Max you bring up such a great point. And it's something that I talked to members in the academy all the time about, how do you have the conversation around someone who says, well, Max, here's this $120,000 house that rents for 1200 bucks, let's say, but over here, here's this $180,000 duplex that rents for two grand gross, and you have to explain to them that those tenants might be very different. We have to get beyond the gross numbers. I mean, how do you have that conversation?   Max: Right? Yeah, well, that's tenant turnover is just part of it. I mean, here in Pittsburgh, as I'm sure we'll touch on In a little bit here, some of these buildings are older, and utilities are separated. In some instances, they're not separated. In some instances, the owner may be responsible for paying water and electric, the tenant pays gas. Whereas a single family home generally the tenants responsible for paying all the utilities.   But when you dive into the numbers a little bit more, may actually make those single family homes more attractive than they first appeared. But yeah, no tenant turnovers part of it. Utilities being split as part of it, just property maintenance is part of it. I mean, you've got two kitchens, to bathrooms, if not more, probably bigger buildings. So there's a lot of factors while the cash flow may be a little bit better, your expenses maybe a little bit more as well.   Michael: That's such a good point to keep in mind. So you, you mentioned it, and I would love to come back to it. So the age of the housing stock in Pittsburgh, talk to us about what that looks like. Is it new builds? Is it 200 years old, 100 year old, you know, what, what is the age of some of these properties that are good cash flow investments look like?   Max: Yeah, we don't really have a whole lot that's over 130 years old. And most of the stuff that's going to be that age is going to be really close to the city center. So some of the neighbors like the north side, South Side, you look at the date, those were built in those were in the late 1800s. But oftentimes, that scares people without even really looking into it. I mean, these places were built to last a little bit different than they are nowadays.     And then we have new builds, I was just at a friend's house yesterday, who has a townhome that was built less than a year ago, he's already got plumbing issues. So you know, sometimes sometimes age isn't a bad thing. But there are issues that are associated with having buildings that are 100 years old or so which is where I would say a lot of these properties are going to sit about 100 years old 80 to 100.   Michael: And how do you determine or decipher? I mean, so I would give an example, I have a four Plex that was built in like 1890. But I took it down to the studs, brand new, everything brand new, you know, roof, electrical, plumbing, whatever, and so on the insurance that says your construction 2019. So how do you get how do you? How do you coach people? How do you walk people through? Yeah, I know, it says it was built in 1900. But it's been rehabbed. So for you, as the owner, it's effective your construction is 2020, or whatever.   Max: I tell people that all the time, I say, you know, if this building was built in 1880, there's very few things in this building that are still from 1880, one of them may be the foundation, which I know is a big is a big issue for a lot of people. But again, these foundations oftentimes are 18 to 24 inches thick, and they're not going anywhere. But as you touched on the plumbing, electrical roof, all this stuff's probably within 50 years old. So you know, we go in there, we do inspections, and we figure out the age of some of these mechanicals, and we're better able to figure out what we should be estimating for maintenance capex and things like that.   Michael: I love it. And so you touched on foundations, and there may be some damage to those foundations. What are some other common issues that you see in the Pittsburgh market that maybe are custom to the Pittsburgh market that might scare other investors away? Like for one we had, were chatting with an agent, they have termites everywhere, they have termites. So if you see termites is not a big deal. what's what's kind of unique to Pittsburgh?   Max: Termites is one of them, but it's not crazy. Common around here. termites are prevalent, though, but a lot of the issues that we see here that I've noticed have caused pause for some investors from out of state are related to the foundations, and then kind of our pretty awful weather. So you know, these foundations that are from 1880 1890, they didn't use basements back then the same way we do. And they design these houses, with foundations that are oftentimes fairly porous. And then when you combine that with the amount of rain that we get here, we see issues like mold, we see issues like dampness and basements. And then, you know, some settling and foundation shifting that's associated with age and moisture.   These issues are pretty common around here and definitely can be caused for large concern, but oftentimes are not. And, you know, I talked to Mark about this a few weeks ago, I work with one guy who says mold is gold, because it scares people away. But it's really easy and common. It's an easy thing to fix. And it's so common, but you know, when you deal with people from Arizona, for example, they hear the word mold and they just shut down right?   So that was those would be a couple things. A couple other common issues around here have to do with the age of buildings and cause people to hesitate or odd layouts. We have sometimes these duplexes or triplexes that were single family homes maybe 100 years ago, and they'd be repurposed over the last 100 years. They've got really bizarre layouts and they're not your traditional uptown or side by side duplex. We've got very small bedrooms that really should be closets, attics that are finished, basement bedrooms, things like that, that if you trace the lineage of a property back, you'll find that every 20 or 30 years or so something was done and changed it a little bit so those are a few of the things and that just other issues that are associated with older buildings which we kind of already touched on.   Michael: Yeah, that makes total sense.   MarkL Yeah Max I think one of the important points to the mold aspect is it's so cold up there that you know mold really thrives on heat right and that's where a lot of water just kind of you know, it turns in the mold once the heat gets to it but out there the freeze you know, really takes care of it so you're not going through these vicious mold cycles out there. It's really just maybe more seasonal if anything, right?   Max: Yeah, I would say it's not as common in the winter but these basements again, they a lot of them just let a lot of water in and if you're not running a dehumidifier or you know there's a lot of people that do external French drains and things like that there's ways to combat these once you remediate the actual mold issue.   Michael: That's great.   Mark: Mold is gold well we'll save that only for the more high level investors out there that really can coined that phrase I think that's good for anybody so it doesn't freak them out you know once they see some of those items.   Max: Right.   Michael: So max I come from a long long background in the insurance industry so I'm curious to know in Pittsburgh Do you guys have natural disasters? Do you have tornadoes, floods, hurricanes, that kind of thing?   Max: You know, it's funny you say that I it's another thing I like to talk to out of state clients about while our weather here is not notoriously great, you know, we get a lot of rain and it's fairly overcast, we actually don't have many natural disasters. We really don't have earthquakes. We have tornadoes one tornado me we every, maybe every three to five years. And you know, it touches down and it's gone. And, you know, I guess we do have some floods, because of the topography and the amount of rain. And they're, you know, you coming from insurance, I'm sure you're familiar with, we do have a lot of properties that require flood insurance. So that's something that we dive into, you know, before we commit to a property, because that can be a little pricey and can hurt hurt the numbers if that's another 1200 bucks a year or so. Right?   But the weather here, it doesn't get too hot. It's really not as cold as some places, you know, in New York, or, you know, Minnesota or Wisconsin or places like that. It's not as hot as you know, some places in the south. So it's fairly mild here, in my opinion.   Michael: You're talking to a guy from California. So the fact that snow is a part of the equation, mild is no part of that sentence.     Max: That's right. Yeah. Well, yeah, with no earthquakes here so we'll take that.   Michael: That's a big win. That's a big win. Sign me up.   Max: Right.   Michael: Okay. And so Max, I'm curious to know, or for investors to know, because I think property taxes is one of the biggest misses that investors encounter in investing remotely, they often know how, what their property taxes look like in their county or their state, but going across the country across state lines can often change things. So how do you know how people should be calculating their property taxes?   Max: Totally. That's the biggest one I've seen. Mark and I have talked about this as well. You know, a lot of times we've got buildings here that have been owned in the same family for 70-80 years. And on the surface, you look at the taxes, it's like, wow, $200,000, and it's only $950 a year in taxes. Well, that's what it is now, but it's going to change.   So that's one of the conversations I like to have with people. It varies county by county here. So Pittsburgh's in Allegheny County, and that's where most of the properties that we're going to be talking about or Roofstocks going to be publishing are going to be located in Allegheny County.   Generally, in Allegheny County, the way they reassessed these properties is approximately 80% of the new sales price. And then the millage rate in each Township, which we just discussed, there's a ton of them, varies. So I can't really give a one size fits all answer there other than you can calculate the assessed value based off your purchase price, and then go check out what the millage rate is for whatever neighborhood that property is actually in and go from there.   Once you get outside of Allegheny County, in the neighboring counties, such as Westmoreland, Butler, Beaver County, places like that, they're all calculated differently. So we could go on a one by one basis there but Allegheny County for the most part, that's how it's done.   Michael: Okay, perfect. And that's what I always share with folks too is Hey, just go call the county assessor ask how you calculate your resale property taxes. So this is super helpful. So for anybody listening, who's interested in investing in that market, go look up the millage rate for that specific area and multiply it by 80% of the purchase price.   Max: Approximately varies year over year. Sometimes it's 75. But yeah, that's a safe way of calculating it   Michael: More or less. Okay, cool. Mark, do you have some other questions for Max?   Mark: Yeah, I think it's good to know really what your expectations are because it's a two way street. You know, buyers are putting in offers on Roofstock for MLS properties, we would kick those offers over to you as a referral. And you're going to work with those buyers. But when you have that first conversation with buyers, what is it that you always emphasize or some of the common things that you say hey, before we move forward into and submit this offer. Let's make sure we have these things in a row. What What is it that you go through?   Max: Well, I'll tell you this, Roofstocks done a really good job of making sure buyers are pre qualified and ready to buy. So it's a little different for buyers I work with from Roofstock, that may be someone I've met through another means. But the biggest thing with expectations is I try to let people know that the market still pretty hot, it has slowed down a little bit, especially in the multifamily world. But if we see a property that the numbers look really, really good, a lot of other people are seeing that property, and they're running those same numbers as well. So you just got to be ready to go.   And I know a lot of people a lot of times being from out of state have a lot of questions. And some of which we've just covered, how do I calculate taxes or some of these issues? So I like to just try to have this conversation with them initially, and say, Hey, you know, here's, here's the answer to these questions. By the way, we also have a 10 to 14 day inspection period where we can make sure we're not getting into something that we shouldn't be getting into. So if a property looks really good, I just want people to understand that it's going to be gone still within 24 to 48 hours around here.   Michael: That makes total sense.   Mark: That's great. And when you submit an offer, and you hear back from let's say, a listing agent, you know, what's the typical back and forth that you have with a buyer, because I know some agents give you extra information and give you some ideas about you know, where you need to be, how do you approach that with a buyer to give them as much market Intel, just so they can really either submit that offer, say, Hey, you know what this may not be, you know, the the best offer on the table. So let's go shop for another property.   Max: A lot of times, especially with deals that are really competitive, I just tell people, even if it's not a highest and best situation, sometimes it's best to put your best foot forward and just say, Hey, this is what I'm willing to do. This is my personal, highest and best situation. And if someone else wants to do 10,000 more, or is able to offer cash, then so be it right, and this one wasn't the one that was meant to be. But that way, at least you know, you're not trying to squeeze out two or $3,000.   I try to help people understand that if you're going to look at this as a long term investment, two or $3,000 off of sales price, when you're doing a 30 year mortgage is so small, that if you think this is a property that you really want, it looks like a good deal. Let's go for it, right. And we can do our due diligence on the property and some of these other things during an inspection period, when we can still get out of it, and you can get your deposit back.   Michael: And Max to your point. I mean, even putting your best foot forward, knowing that you might still lose out on the deal allows you to potentially become that backup offer. If the first deal falls through this just happened to me…   Max: Totally,   Michael: You know, the selling agent came back and said, Oh, you know, our other buyer fell out. Are you still interested? And I see Yeah, you know, we can talk? Yeah, let's have that conversation.   Max: Yeah, we can talk about that offer. That offer might go down a little bit right?   Michael: Exactly. You gotta pay for rejecting me.   Max: That's, that's right. Yeah. But you know, that's that's happened a lot around here. And I'm glad you said that, because I think we've had a lot of appraisal issues lately. I'm not sure if this is happening in other markets. But I think appraisers, especially around here, are tasked with the difficult job of trying to cool off a hot market, right? They see these prices going up and going up. And they don't want to be the ones left holding the ball like 13 years ago, or 12 years ago. And so we've had a lot of, you know, appraisals come back low lately. And that's really open things up for what you just mentioned, hey, this person doesn't want to buy it anymore, you know, hey, is your offer still stand? So I'm glad you said that, because we've seen a lot of that here.   Michael: Interesting. And so in terms of the offer prices that you're seeing properties go under contract for, are they and keep in mind everyone listening, we're recording this end of September 2021. But are they at list price? Are they over list price? Are they under list price? Where are you seeing the off the winning offers coming coming in?   Max: With single family homes, we're still seeing them above list price pretty often. With multi families not quite as often. I feel like there's a few reasons for that, you know, obviously the first and foremost being there's less people looking to buy multifamily properties that are single family properties. But multi families are still going to be around list price. I just had a client lose out the other day we went 7000 over on $125,000 duplex, and I think the winning bid was probably about 10 or 11,000 over so that's still common.   We don't really have anything, you know, more than, you know, 10 or 20,000 over for the most part, just because you don't really go 50,000 over, you know, on a $200,000 purchase. I'm sure in places like California, you may see it more often because the initial price is higher, right? But here the percentage is, you know, never really too much more than 10% above list price.   Michael: Okay. And are you seeing people get really aggressive and creative with the terms that they're offering?   Max: Yeah, yeah, I mean a lot of people still waiting inspections and I know that's something that's hard for a lot of Roofstock clients. And I really honestly expect a lot of Roofstock clients to want to waive inspections as they've never seen the properties but sometimes you have to remember you're competing against local investors as well, who have experience and they've walked that property and they're comfortable waiving inspections, because they already know you know what's needed or what's not. So that's obviously still a big part of it.   And we're seeing, you know, lease backs to the owners, because it's hard to find properties for them to move into. So they're letting owners stay, you know, for three months for free. There's a lot of creative things going on right now.   Michael: Interesting.   Max: There's still people covering appraisal differences as well, even if you're doing a purchase with a loan, you know, you can still waive the appraisal contingency, but you're going to be responsible for covering that that gap. I've seen that more often in the last few months than I have in the past as well.   Mark: And so Max, are you when you're getting an offer submitted through Roofstock? How many times are you doing a leaseback? Like what percentage? Or what percentage? Are you waving? You know, the inspection contingencies or any of those like what's what's the common ratios that you're seeing out there?   Max: For Roofstock not as much again, the clients are usually out of state. And so they they feel more comfortable, at least having an inspection done. And so I try to help them understand other ways that we can improve the offer, you know, obviously more money is helpful, but maybe more deposit money, maybe a quicker closing, whatever it may be, there's other ways to make your offer more attractive. Maybe you just tell them, hey, I want to do an inspection. But it's going to be an as is sale, I'm either going to take it or leave it I'm not going to use this inspection to really beat you guys up and negotiate any further. I just had a Roofstck client do that this week. So leasebacks not as often. But you know, other creative strategies are pretty common.   Michael: Awesome. And, Max, when you're putting up properties onto the Roofstock select program in the Pittsburgh market, what criteria are you looking for? What is it that when you see a property screams Oh, perfect investment property candidate?   Max: Yeah, Mark and I have talked about this a lot. And I'm still trying to find, you know, what's best for the Rootstock investors? And I think the answer to that is there's investors that are looking for all different types of things. So I'm trying to get creative, and put all different types of properties on there, I've been doing a lot of properties in these Lawrenceville types areas where the initial return doesn't look great. But I found that there's Roofstock investors who are from California or Washington, and they're still looking at us. And when these are still really good numbers.   So that's I'm doing some of that a lot of the B to C plus properties where we're looking at a 1% rule. That's one of the things I'm looking for. And then I've I've been uploading some properties to Roofstock lately that are in some of the areas where the returns are going to be a little higher. And on the front end, I've really found it's important with those properties to have these conversations about potential issues. So there's there's all sorts of different criteria for what we can find in Pittsburgh.   Michael: That's great and cool to hear that Pittsburgh does really cater to to every investor type or every investor persona with the type of asset that they have that you have in the market.   Max: Absolutely.   Mark: Yeah, I have a few stats I want to throw at max and just see what he if he has any comments around these because I was just studying John Burn's real estate data, which is a great source of information. It shows that rents were up 2.7%, from 2020, basically. So over the last year, it was 2.3% in 2020, and 2019 is 3.6%. So slow and steady, I would say is always good. The existing home prices jumped. This is a median number from 173 to 192 in 2021. So over the last year is jumped up a nice percent was that clip about 20% clip, it's not too bad or 10% clip, excuse me.   Here's the number that stood out. And I would love to hear what Max has to say on this. So I'm looking at the cost of a payment and maintenance to own versus the cost of rent. And it shows that the cost of a payment with maintenance for let's call it an entry level home is $997 a month versus that same entry level home to rent is about $1416. max, are those numbers accurate? What do you see in the market?   Max: That sounds accurate to me, like I said, you know, $1400 a month in rent would be about probably $170,000. Home, depending on the area, but so that average rent sounds just like the average purchase price you just mentioned. So that sounds spot on to me. And I'm glad you brought that up the rent increase to one of the other things that we see around here a lot, which I've had conversations with a lot of Roofstock investors about is the current rents of these properties we're uploading, we have a lot of properties here that are older, have maybe been passed down through families, tired landlords, and the rents are just crazy low.   And so you know, when we initially upload properties, if there's tenants in there, the numbers may not look great on where they are now, and there's a lot of reasons for that. And the most common reason is landlords, just really not raising rents and keeping up with how fast they've appreciated, like you just mentioned, Mark, I think a lot of these older, tired, landlords don't really go and check the real estate stats like that and say, oh, holy cow, I should have raised this, you know, 10% over the last three years, because that's what it's gone up, you know, and people don't realize that, you know, they're still sitting at 650 a month for a one bedroom. And, you know, it should be at 850. Now, and that changes everything. That's really, really common around here.   Michael: Yeah, that's such a good point, Max. And I was just having a conversation with some investors yesterday talking about the difference between buying on pro forma or buying at true value. And so what we're talking about is because of single family is a little bit different than multifamily. But for single families, if the potential is truly there, I think it can totally make sense. But you just want to avoid is a seller saying, Oh, well, the market rents 850, my current rents at 650. But you have to pay the price to buy the home at 850. And really, the market is 700. That's where you get yourself into big trouble. Max: Max: Right? Right. It's like, well, you should have gone and done it then. Right?   Michael: Yeah, why don't you do it? And then I'll pay for it. Right?   Max: Why don't you do it then and keep the house. But you know, what I'm seeing a lot of times is that, in this market, we're kind of purchasing in the middle of the pro forma and true value. You know, people are pricing them at the true value, and the performance, you know, 20,000 below that, or 30,000. Below that. And oftentimes where we're settling is somewhere in the middle. So yeah, I'm glad you said that.   Michael: Okay, that's that's super good to know, as well. And what tools would you recommend investors utilize to get a handle on what are the true market rents?   Max: Well, I this is a conversation I have all the time, I wish there was some sort of rental appraisal software where there was an actual correct answer for that. But really, you know, we have this conversation a lot, there is no such thing as a rent appraisal, right? It is, whatever someone's willing to pay. The tools I use are probably the ones that a lot of other people use. I use Zillow rentals a lot. I use Rentometer a lot. I use Craigslist, I look what's out there, I just try to look at everything that's, you know, really available. And then oftentimes, if it's still available, I'll take 10 or 15% off of what that is, and say that's probably about where we should be otherwise, again, it would be rented at that price. Right?   Michael: Right.   Max: Yeah, it wouldn't be available still, if it was if it was priced correctly, but we use rent ometer I use rent ometer a lot. Zillow rentals a lot.   Michael: Yeah, those are those are both great tools.   Mark: So I have two more quick stats. One of them's vacancy. So we're showing the vacancy rate is actually like 5% going all the way back to 2016. So 95% occupancy, as you guys would say, Do you find that that's true? Or you know, it sounds like it's a very competitive rental market out there. Is that right?   Max: It is a competitive rental market. I've I always go back to two things when I think about how competitive the rental market is and how people don't really realize how competitive it is I purchased a building in December of last year, so it's been about you know, 9-10 months, and the owner was living in the downstairs unit which was a really nice unit and they told me it's probably worth 750-$850 a month. Well I went on Facebook marketplace, listed it for 1100 a month I got all these comments You're crazy. You're crazy second day rented so it is competitive. You know people don't realize what true rents really should be and how many people are actually looking for a nice property if you've got a nice clean property people are willing to pay because there's not a lot of those available.   Michael: Awesome Wow.   Mark: Well the backup statistic to that is 53% of the housing units are tenant occupied. So renters are occupying 53% of the property so that shows you homeownership rate out there is just not as strong and that's in the city as Pittsburgh so that's where the competitive nature is coming from versus ownership rate is 64% nationally right so you flip those numbers around and you see that there's that many more renters than in Pittsburgh.   Max: Yeah you know what it's really I've heard that stat and it's really amazing to think about when you think about the cost of you know purchasing a property here it's it's amazing that it's not flipped around and you can buy a nice house for $170,000.10 minutes away from the city but rental rates are really high here and I'm not really sure why I think maybe it's because we have a lot of out of state investors and you know, I'm not really sure beyond that, but the opportunity is there there's a large rental pool and not a lot of vacant properties as you just mentioned.   Michael: Interesting.   Mark: That's great Well to me that that's what sums it up right there is that it's there's the the slow steady your rental growth, there's a tenant occupancy, there's a there's a demand for tenants that are coming from both your side as well as they're looking for properties. So it sounds like the supply and demand is very healthy on the renter side which is the I really drive investors to the market.   Max: Yeah, and rising rents and rising ARVs as well so it's a good time to get in.   Mark: Max this was great. This is the the comments on just you know what, what the common things are that you're seeing out there. I mean, this is the information that you probably have the conversations every day, maybe 5-10 times a day so glad we could get that out there and share it with a listener. So Michael, this was us, he was probably one of the better interviews I would have to say because it's, it's a demystifying right, all the all the little things that people hear about, but you really need to hear it from the locals.   Michael: And I can say wholeheartedly, Max that   Max: I'm gonna have to go back and watch the other interviews how to make sure. Thanks, guys, I appreciate it.   Michael: This was great.   Mark: Thank you so much.   Alright, thanks again, Max, for joining us. And thanks to all the investors for listening and we'll catch you on the next one. Happy investing.

Born and raised in White Plains, NY, went to college at Elon University, NC. Joined Air Force ROTC, and commissioned as an officer in 2012. Since then, she has spent the last 9 years Active Duty Air Force. Currently stationed at Davis Monthan Air Force Base in Tucson, AZ, Ali has built a portfolio just shy of $1mm, and has enough saved up in stocks to have a financial runway for 4 years, and it all started with automating her investing. In 2022 she will be separating after 10 years of military service to do full-time what she is currently doing part-time: being a real estate agent with Five Pillars Team brokered by eXp. How to Reach Ali: tiktok: Ali_the_Agent ali@garcedrealty.com or alexandra.garced@exprealty.com Sites Mentioned in the show: Mypay.dfas.mil Tsp.gov Military.defense.gov Biggerpockets.com Rentometer.com Asr.pima.gov (to check tax amount, and what it's coded/being taxed at) AlexandraGarced.exprealty.com https://alexandragarced.exprealty.careers/ https://fivepillarsrealty.com/ourteam/ https://www.instagram.com/ali_the_agent/ =|| Books Mentioned ||= scribe (9.99 a month) Rick Kid Smart Kid by Robert Kiyosaki - https://amzn.to/3zoPR4G Cashflow board game - https://amzn.to/2Xw2Hki 4 hour work week - Timothy Ferriss (audio book) - https://amzn.to/2XBalKs Bigger Pockets Publishing - https://amzn.to/3nPxDac THANK YOU FOR LISTENING! -- DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. #AliTheAgent #RealEstateBooks #S2E11 #AboutThatWallet --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/aboutthatwallet/message Support this podcast: https://anchor.fm/aboutthatwallet/support

Today Gabe Bult joins the show to share his third house hacking experience. With three house hacks in three years, Gabe and his wife have built a life they love and are in a beautiful home. Gabe also shares about how house hacking has given them the financial flexibility to pursue dream opportunities. This is an episode not to miss. For more information on this episode and guests, you can check out the show notes at https://fibyrei.com/S3E29    Get Your FREE Rentometer Account: We also want to give a big shoutout to Rentometer for sponsoring the show. Rentometer is the fastest and easiest way to analyze current local rents in the US! Get your FREE Rentometer account here: https://geni.us/pCMP   Try a FREE Rentometer Pro Rental Report: Already have a free Rentometer account, but unsure if upgrading to the pro account makes sense? Get a FREE PRO Rental Report here: https://geni.us/rentometerproreport   ----------------------------------   You can check out the best ways to learn about real estate investing, and house hacking at https://geni.us/learnaboutREI   ----------------------------------   Check out the Ultimate House Hacking Guide Article. https://fibyrei.com/hhguide   ----------------------------------   The House Hacking Podcast is brought to you by FI by REI, whose goal is to help you achieve financial independence through real estate investing. https://fibyrei.com/

Deal structuring straight from the CRM- Jonathon's turn. Now it's Jonathen's turn to structure the offers… In this series we pull leads straight from Jeff's CRM for some deal structuring. If you are generating leads and want to utilize creative financing then you'll need to go through the same process as we are in this series. Here are the details of the property and notes on offer structures...   Deal #1 Property info- Wyoming SFH, 3 bed, 2 bath, 1 car garage, 2200 sqft, .23 acre, built in 1963. Occupied by the owner. 74K owed on mortgage. 736 piti/monthly payment. Owner wants to move right away to join husband in Texas who has taken a new job opportunity. Minor repairs needed. Taxes 1421/yr.   Before we create offers we must- Pull comps, check taxes, and pull Rental comps. Sources: Zillow, County Assessor, Biggerpockets and Rentometer.   Worth 260K-270K by realtor opinion. Asking 170-175K. To be structured as All inclusive trust deed/wrap around mortgage for existing loan terms plus new note.   Offers Cash 160K    Short term finance offer 175K. 15K  1,000. At 4%  6months 157,176. Plus taxes and insurance.    Long term 4 yr. 190K 10K 2.5% ,1000/month  Balloon to Seller $148,483. Sell to an owner occ for 275K with 3K. 228,740 Difference $80,257 + 20K =110,257 13,344 cash flow over 4yrs= 13,344+110,257= $113,601. Seller grosses 206,483 over 4yrs.   Subordination 210K 80K down. 3yrs Seller financed 130K. 533.33/ month int only to our lender.  500/month principle only to the seller. Seller balloon 112,000. Our Buyer's  Ballon $233,098= 41,098 difference plus 8,820 cash flow= 49,918 plus 30K down from our buyer = 79,918 profit.    Hope you enjoy!

Deal structuring straight from the CRM- Jonathon's turn. Now it's Jonathen's turn to structure the offers… In this series we pull leads straight from Jeff's CRM for some deal structuring. If you are generating leads and want to utilize creative financing then you'll need to go through the same process as we are in this series. Here are the details of the property and notes on offer structures...   Deal #1 Property info- Wyoming SFH, 3 bed, 2 bath, 1 car garage, 2200 sqft, .23 acre, built in 1963. Occupied by the owner. 74K owed on mortgage. 736 piti/monthly payment. Owner wants to move right away to join husband in Texas who has taken a new job opportunity. Minor repairs needed. Taxes 1421/yr.   Before we create offers we must- Pull comps, check taxes, and pull Rental comps. Sources: Zillow, County Assessor, Biggerpockets and Rentometer.   Worth 260K-270K by realtor opinion. Asking 170-175K. To be structured as All inclusive trust deed/wrap around mortgage for existing loan terms plus new note.   Offers Cash 160K    Short term finance offer 175K. 15K  1,000. At 4%  6months 157,176. Plus taxes and insurance.    Long term 4 yr. 190K 10K 2.5% ,1000/month  Balloon to Seller $148,483. Sell to an owner occ for 275K with 3K. 228,740 Difference $80,257 + 20K =110,257 13,344 cash flow over 4yrs= 13,344+110,257= $113,601. Seller grosses 206,483 over 4yrs.   Subordination 210K 80K down. 3yrs Seller financed 130K. 533.33/ month int only to our lender.  500/month principle only to the seller. Seller balloon 112,000. Our Buyer's  Ballon $233,098= 41,098 difference plus 8,820 cash flow= 49,918 plus 30K down from our buyer = 79,918 profit.    Hope you enjoy!

Deal structuring straight from the CRM- Jonathon's turn. Now it's Jonathen's turn to structure the offers… In this series we pull leads straight from Jeff's CRM for some deal structuring. If you are generating leads and want to utilize creative financing then you'll need to go through the same process as we are in this series. Here are the details of the property and notes on offer structures...   Deal #1 Property info- Wyoming SFH, 3 bed, 2 bath, 1 car garage, 2200 sqft, .23 acre, built in 1963. Occupied by the owner. 74K owed on mortgage. 736 piti/monthly payment. Owner wants to move right away to join husband in Texas who has taken a new job opportunity. Minor repairs needed. Taxes 1421/yr.   Before we create offers we must- Pull comps, check taxes, and pull Rental comps. Sources: Zillow, County Assessor, Biggerpockets and Rentometer.   Worth 260K-270K by realtor opinion. Asking 170-175K. To be structured as All inclusive trust deed/wrap around mortgage for existing loan terms plus new note.   Offers Cash 160K    Short term finance offer 175K. 15K  1,000. At 4%  6months 157,176. Plus taxes and insurance.    Long term 4 yr. 190K 10K 2.5% ,1000/month  Balloon to Seller $148,483. Sell to an owner occ for 275K with 3K. 228,740 Difference $80,257 + 20K =110,257 13,344 cash flow over 4yrs= 13,344+110,257= $113,601. Seller grosses 206,483 over 4yrs.   Subordination 210K 80K down. 3yrs Seller financed 130K. 533.33/ month int only to our lender.  500/month principle only to the seller. Seller balloon 112,000. Our Buyer's  Ballon $233,098= 41,098 difference plus 8,820 cash flow= 49,918 plus 30K down from our buyer = 79,918 profit.    Hope you enjoy!

This week on the show we are joined by Chris Hutchins, the host of the podcast "All the Hacks". He shares how he spent almost a decade house hacking in San Francisco. This is an episode not to miss. For more information on this episode and guests, you can check out the show notes at https://fibyrei.com/S3E28    Get Your FREE Rentometer Account: We also want to give a big shoutout to Rentometer for sponsoring the show. Rentometer is the fastest and easiest way to analyze current local rents in the US! Get your FREE Rentometer account here: https://geni.us/pCMP   Try a FREE Rentometer Pro Rental Report: Already have a free Rentometer account, but unsure if upgrading to the pro account makes sense? Get a FREE PRO Rental Report here: https://geni.us/rentometerproreport   ----------------------------------   You can check out the best ways to learn about real estate investing, and house hacking at https://geni.us/learnaboutREI   ----------------------------------   Check out the Ultimate House Hacking Guide Article. https://fibyrei.com/hhguide   ----------------------------------   The House Hacking Podcast is brought to you by FI by REI, whose goal is to help you achieve financial independence through real estate investing. https://fibyrei.com/

Episode: 146 Donald Appleberry - Todays sponsor is Rentometer: https://www.frommilitarytomillionaire.com/rentometer - In today's episode, tune in to your host David Pere as he's joined with guest Donald Appleberry. With experience and stories, listen to Donald as he talks about the standards you need to look into when working with a real estate agent, his experience as a real estate investor with wholesale, and what he's got to say about VA Loans that people need to hear about. In a deal, the hesitation towards VA Loans is primarily because of the requirements and limitations that come with it. Donald has come to find this the biggest and most common misunderstanding regarding VA Loans, aside from the notion that VA Loans are complex and not quick to close. In this exchange, Donald argues these connotations. For Donald, getting hold of a real estate agent license isn't enough and doesn't apply anything when choosing agents to rely on in a deal. An agent needs to be active full-time and have skin in the game. David also adds, trusting an agent just because their licensed is almost comparable to trusting your 10-year old child with the keys to your Ferrari. Donald believes – just because someone is licensed – doesn't mean they're a professional. About Donald Appleberry: Donald enlisted as an 0321 Reconnaissance Man in 2014 and spent over 2 years in Bravo Company on the Free Fall Team as the team medic. After deploying, Donald moved into Force Reconnaissance Company and filled the Billet of a Team Leader for almost 18 months. During this time, he was furthering his investing knowledge and understanding and has started his Real Estate licensing process, investing in single-family homes. Donald is currently looking into starting a non-profit company as well. Donald is a part of the Discher real estate group in San Diego, CA. Specializing in VA home loans and listing service members' properties. They make sure to squeeze every benefit out of the VA loan and ensure the service member is set up for success and happiness in their new home. He has helped multiple members in the military buy investment properties and walked them through how to manage them correctly, both in state and out of state. It's a proven system that outpaces any other investment opportunity that has the same amount of risk. Outline of the episode: [04:08] Wholesale: The Lowest Hanging Fruit. [09:24] The business of Chinese investors. [14:04] Conduct due diligence on your partner in a purchase. [18:47] Rates aren't your end-all and be-all. [25:58] On not overpromising and under-delivering. [32:41] Not meeting the 1% Rule doesn't necessarily make property [39:21] It's usually not about the VA Loan. [43:34] The misconceptions about being a Real Estate Agent. [51:43] The adjustments you make to better serve your buyers. [58:22] On waiving appraisals in VA Loans. Resources:   Instagram:          https://www.instagram.com/donald_appleberry_realestate/ Email:                    donald@appleberryrealty.com Number:              417-650-1409   Check out BiggerPockets's Podcasts, Books, and Articles: https://www.biggerpockets.com/   Connect with your area's top VA realtors and VA lenders: https://www.frommilitarytomillionaire.com/va-realtor/   Follow Our Journey:   Website:              https://www.frommilitarytomillionaire.com/ YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/ Facebook:           https://www.facebook.com/groups/1735593999901619/ Instagram:          https://www.instagram.com/frommilitarytomillionaire/   Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere: https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010 - Advice to an 18-20-year old: Bought property earlier, and learn how to manage my credit earlier! - Recommended resource(s): BiggerPockets - Sponsor: Rentometer https://www.frommilitarytomillionaire.com/rentometer - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Episode: 144 Jin Lym Join your hosts, David Pere and Alex Felice, with guest Jin Lym as they talk about mentors, leveraging other people's expertise, and how Jin pivoted from flipping houses to doing rentals as a real estate investor. When Jin thought about the possibility of catering to a whole family and his parents in the future, he knew he needed to start gearing towards building generational wealth through real estate. Jin knew he needed to enter a specific niche of real estate investing to reach generational wealth and financial freedom. Thus, he got into rentals. From previously flipping houses in Hawaii, Jin moved to rentals to bring in residual income. In light of the topic, David, Alex, and Jin also discuss how this dilemma explains most people's fault when planning out a way of generating income. In this episode, listen as they talk deeper about networking, the BRRRR strategy, why turnkey assets suck and why they're good, and how investors can capitalize on their superpowers in order to jumpstart and gain an edge in the real estate business. About Jin Lym: Jin is a Marine Corps veteran and budding real estate investor. With a bachelor's in Information Systems and Operations Management from George Mason University, he has over seven years of professional information-technology experience, working with companies such as Rolls-Royce North America and Rackspace. Konea Capital was born out of Jin's passion for helping others and sharing knowledge, so starting a real estate investment fund focused on personal development and financial education was a natural thing for him to do. - Sponsor: Rentometer https://www.frommilitarytomillionaire.com/rentometer - Outline of the episode: ● [05:37] Everyone is going to have that origin story. ● [07:17] On finding mentors and incredible tractions. ● [10:56] It all boils down to your why. ● [17:19] The core problem of people when it comes to planning ahead. ● [20:59] Why turnkey properties suck. ● [30:00] Turnkey properties are good for those who… ● [30:46] The Glamorous BRRRR Strategy. ● [33:10] Leveraging people helps you avoid pitfalls. ● [47:45] People like to invest in other good investments. ● [47:49] Bring your talents and skills into business – find your superpower! ● [55:05] A good mentor only works if the mentee is good. ● [01:01:52] Your ultimate goal in life is your roadmap. Resources: Instagram: https://www.instagram.com/jinylim_/ Facebook: https://www.facebook.com/groups/1735593999901619/user/675920146 Biggerpockets Real Estate E-books: https://www.biggerpockets.com/files/search?category=ebooks Compare Your Rent With Other Local Properties with Rentometer: https://www.rentometer.com/ Follow Our Journey: Website: https://www.frommilitarytomillionaire.com/ YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/1735593999901619/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere: https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010 - Advice to an 18-20-year old: Have a “why” for everything you do. - Recommended resource(s): www.BiggerPockets.com - Sponsor: Rentometer https://www.frommilitarytomillionaire.com/rentometer - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS. #BRRRR #jinlym

So…you bought a rental property. Now what? David from @DIY_Landlord is back on the pod, and we are diving into the ins and outs of managing your properties. There is a TON of incredible advice shared in this episode, so I marked the highlights for you. Have a pen and paper ready and be prepared to reference this again and again. I am beyond excited to share this with you all! [3:19] Understand the laws—GOOGLE is your best friend here. -Try searching things from the tenant perspective, ie “how to stop my landlord from evicting me in xyz state”. - Know the basic safety regulations (smoke alarms, lead paint, etc). - How much notice do you need to give? When can you change rent? The more you understand, the less you'll have to fear! [7:48] Tips on inheriting tenants: -understand who your tenants are before you even purchase the property -set expectations and provide guidelines for tenants (rent payment, what you are doing for them and what you aren't) -use a letter of introduction: there's a good sample on Bigger Pockets [13:55] Make sure your accountant loves you: -use a sheet for every property and list out your expense categories separately, including capital expenditures -pros/cons of accounting software: buildium, app folio, quickbooks (don't worry excel or google works just fine for me) [26:30] Get informed delivery for your PO box and thank us later :) [28:10] Have a list of major contractors ready -you need HVAC, electrician, plumber, handy man (your local home improvement store often has a list!) -network with local real estate investors -see how things are fixed so you can troubleshoot things in the future and save yourself some cash [43:26] Marketing your properties [50:20] Formula for how you list, showing properties, etc. -features, location -include tenant qualifications [56:15] David's tenant screening process -check for evictions -landlord reference (2-3 years) …these are valuable! Have some questions ready. -credit report -criminal history -income 3x the rent Resources you should check out! Cozy.co www.buildium.com www.appfolio.com Rently www.avail.co www.Rentometer.com Happy.co --- Support this podcast: https://anchor.fm/nerdsguidetofi/support

Branding is a key tool in the competitive world of real estate, and there are endless opportunities to build a successful and reputable brand. However, with thousands of similar offerings out there, investors, agents, and business owners need to position themselves in a way that helps them stand out from the crowd. Today’s guest, Stace Caseria, offers strategies that help businesses do just that. Stace is the Founder of Trust Deep Branding Agency and an award-winning writer and branding expert with 20 years of experience. Stace has also been investing in real estate for more than 20 years and is currently both an active and passive investor. Through his branding and marketing expertise, he enables businesses to create long-term loyalty in relationships built on deep trust. In this episode, Stace shares a bit about his real estate, branding, and marketing experience, explains what branding is, its top level benefits, and its two halves: image and substance. He also talks about personal versus professional brands and creating a trustworthy brand, and he shares his favorite real estate investing tool, his biggest mistake, and what he needs to grow his life and business to the next level. Tune in today!Key Points From This Episode:Stace shares a bit about his experience with real estate investing, branding, and marketing.Stace explains that branding is the process a business goes through to make the jump from commodity to brand.The four top level benefits of branding: differentiation, credibility, focus, and premium pricing.When to start branding yourself – the first step is finding the why or mission of the business.Stace breaks branding down into two halves: image and substance, which work side-by-side.Personal brand versus professional brand – there is a risk in having one name or face be the only thing everybody knows about your brand.The four factors of the trust dynamic: credibility, track record, empathy, and alignment of interests.You don’t need a Nike-sized budget to develop a memorable brand and set yourself apart.The one real estate investing tool Stace can’t do without is a website called Rentometer.Stace's biggest real estate investing mistake.The main takeaway for listeners from Stace’s mistake is don’t get too emotionally attached.Why Stace believes that he needs more courage in order to grow his life to the next level.Links Mentioned in Today’s Episode:Stace Caseria on TwitterStace Caseria on LinkedInStace CaseriaTrust Deep Branding AgencyTrust Deep Branding Agency on LinkedInTrust Deep Branding Agency on TwitterTrust Deep Branding Agency on YouTubeRentometerPassive Income through Multifamily Real Estate Facebook GroupAPT Capital GroupBullpen

About: Juan Munoz and he is a rocket scientist turned realtor with HomeSmart Realty Group from Denver. His unique story makes his approach very special and he would like to share advice on career transition and to encourage everybody out there who is afraid to start something new and different. Juan has been featured in FOX, NBC, CBS, Medium since his story is so unique and inspiring. "Considering a Career Transition? Denver’s Rocketman Realtor Has Some Advice" He will share what he learnt in NASA that is really helping him in real estate now. -“Trust, But Verify” - Get Up to Speed - Plan for the Unexpected' On Today's Show Juan Discusses Being a rocket scientist How he transitioned to Real Estate Having a to-do list Take someone to lunch Model someone The power of consistency Leaving a legacy And much more.......... You can find Juan at: www.homesindenvernow.com https://www.youtube.com/redirect?q=https%3A%2F%2Fhomesmart.com%2Freal-estate-agent%2Fcolorado%2Fwestminster%2F53892-juan-munoz%2Fsmart_partners&v=ls3U6CZrfHE&redir_token=QUFFLUhqbmVxN2lTT2RYaHRRVHBnYjJ6NUsxZ0RBbDJEQXxBQ3Jtc0tubGltV1NKZlZsTEhEdDVEbnBGb0pqZnYyUDBfSUVlZUtPTmlrc2pIYUM4YXJfcVBKbkFoVkdhX19ZUnhJZUtEQndSUE9USExnMFBYeGplbFBlYTlwUDJ2U3FxZ3JUeG5jOEswc2IzZTBzS0FfRkN5Yw%3D%3D&event=video_description (https://homesmart.com/real-estate-age...) tfg.juan@gmail.com @juanmunozrealestate -(instagram) (720) 926-0204 You can find me at: peer2peerrealestate.com https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fwilliemorales%2F&v=ls3U6CZrfHE&redir_token=QUFFLUhqa1lwQ2JFMnk2Z0NEcHV5cEJnSUZpUjhVNTZFd3xBQ3Jtc0tsRVZrc2hxX1BEaFpELUEtbWxIcThBbmZmSHpOTFpmMFU4TTlla3QwUkZFaHgyOUJ4UkI4cER0SGJTTmRNZVgzMDE0emdOVDlXdGxaNk15ZVJHRHlIakVPYm55TjdYaUNvaUhBTjVSd3pGWVRzNGRXcw%3D%3D&event=video_description (https://www.linkedin.com/in/williemor...) facebook.com/peer2peerrealestate @williamp2pre (twitter) Books Juan Recommends The Power of Consistency- Weldon Long Automatic Habits- James Clear The Miracle Morning- Hal Elrod Thank you Juan for being on Peer 2 Peer Real Estate Podcast. **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help Get Asset Protection Track income and expenses, screen tenants, set automatic reminders, and more. Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions. peer2peerrealestate/freetrial Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yr P2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Apple Podcast, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review Keep the momentum going, Good things will happen. Thank you for listening

About Chris: Chris is the co-founder of Cosa Investments, one of the largest wholesale companies in the DFW Metroplex. Cosa is operated and managed by a US virtual team which has allowed Chris to run his company while living in Tulum, Mexico. He is also the founder of Arnold Elite Realty which is a cutting edge boutique brokerage consisting of a team of seasoned agents. His passion for coaching and mentoring entrepreneurs has led to the creation of The Multipliers Mastermind. Most recently Chris has launched his REI Radio coaching program. This program is designed to teach real estate investors the Marketing stream that everyone knows about but NO ONE is doing! Topics Chris Discusses Chris' first fix n flip Using Radio ads for leads Mom and Pop radio stations Low cost ads Demographics of listeners Being on radio says celebrity status And much more............ Connect with Chris chris@iamamultiiplier.com wholesalinginc.com/reiradio cosainvestments.com themultipliersmastermind.com 972-896-5699 facebook.com/reiradiopodcast @rei.radio (instagram) live.889ff3552432f1d (skype) https://www.youtube.com/channel/UC9hKR7b_gnEB5SU1Kb6mSag (https://www.youtube.com/channel/UC9hKR7b_gnEB5SU1Kb6mSag) https://peer2peerrealestate.com/ (https://peer2peerrealestate.com/) www.facebook.com/peer2peerrealestate https://www.linkedin.com/in/williemorales/ (https://www.linkedin.com/in/williemorales/) Youtube Channel Books recommended by Chris The Big Leap- Gay Hendricks Organizational Physics- Lex Sisny **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help Get Asset Protection Track income and expenses, screen tenants, set automatic reminders, and more. Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions peer2peerrealestate/freetrial Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yr P2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to apple podcast, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review Keep the momentum going, Good things will happen. Stay safe.

Today's Peer 2 Peer Real Estate Podcast Guest Avery Carl. About Avery Avery, a Mississippi native, received her B.S. in Corporate Communication from the University of Texas at Austin, where she played goalkeeper on the Big 12 Championship winning women’s soccer team. After college, she spent several years touring the world as the lead guitar player in a punk rock band. She then segued from performance into the business side of music, and moved Los Angeles where she held positions at both Capitol and Atlantic Records. During a brief residence in New York City, she met her husband Luke; who is a Rock n Roll Disc Jockey on SiriusXM radio and an internationally published author. In 2013 they moved to Tennessee where Avery received her MBA from Belmont University. On today's show Avery talks about Using automation tools Why owning your home is best Absentee Owners What are metro markets Having a cleaner and handyman on your team And much more................. Links from the podcast linkedin.com/in/averycarl https://www.youtube.com/redirect?redir_token=QUFFLUhqbTF5ckVOYWg0X1RDcGprU19pMEZOeFQ2a0VOZ3xBQ3Jtc0tsZDB6dkFsNDVrMHJFekJGdlcyeWMxelJzZWxiSUpabkNZUm1rdmVBNWVMQVo1bHhQYlJhaUlNbTJRWEo5R1dOZXpiUVVzRzA2QVJhYW9zUXY0MWFwb2EyWExqb1h4dFdyekk5WmRseVAyekJINjNpVQ%3D%3D&q=https%3A%2F%2Ftheshorttermshop.com%2F&v=_dgJQEgw4mo&event=video_description (https://theshorttermshop.com/) info@theshorttermshop.com https://www.youtube.com/redirect?redir_token=QUFFLUhqbHJXdUVCRGdyenBrTEF6MS00V3pacE5ZN2xVZ3xBQ3Jtc0tsTXZJc1hfYVVldTA2elY3T3VmRlV3a0h0ZllhSkRZMnJ3dGNOYlUyeWJ0NmRiTlNtcDNka1N6UEo2S05wS0k0ZHZXNGUyZHRTYzhwZDlTa29mbUNCdlg3aWpLWThEejMwc2dVU2k4WGlrS09Kc0FWcw%3D%3D&q=https%3A%2F%2Ftheshorttermshop.realgeeks.com%2F&v=_dgJQEgw4mo&event=video_description (https://theshorttermshop.realgeeks.com/) Book a Call: calendly.com/theshorttermshop https://www.youtube.com/redirect?redir_token=QUFFLUhqbEhqOGNsUDNXT3loQV9RYUgtZlB4YkdzY296UXxBQ3Jtc0tueE1VS0dpU1FteU01MEVRWDRBT3hqd2toS0hnakJ4V0thWTczUmwweVlkMVU1b1dmVTdLaXcxYkg5cHFNcXAtNEpMNkZfMHNqbHU2bmhwTVdsanpYemN5RGQ2VDg4cThMT0hESjlQSGlNcGtweXpudw%3D%3D&q=http%3A%2F%2Flistsource.com%2F&v=_dgJQEgw4mo&event=video_description (http://listsource.com/) ttps://www.mint.com/brokerages/ https://www.youtube.com/redirect?redir_token=QUFFLUhqa1JJZEFPVmktZHByNXlEcWNKNGJLc3JPT3BuZ3xBQ3Jtc0trZmU0eTZnUzlzbkdpQXVjbXZMeTA3NDN6NC1oZk9qa3p3YS1sRVdCOFNoSS0xMlVZeHlka0x2UnFiVWtOeGdkeW5qSF9mUGZzWmxRazhkT0tRUmRBMk1Pc1VUdXowZWE2TF8tWTkxUWNOSFNHdU9QVQ%3D%3D&q=https%3A%2F%2Fpeer2peerrealestate.com%2F&v=_dgJQEgw4mo&event=video_description (https://peer2peerrealestate.com/) www.facebook.com/peer2peerrealestate https://www.youtube.com/redirect?redir_token=QUFFLUhqa1RIUkNqT1BERWJONDExeDJLdkR2OUZnaWwyd3xBQ3Jtc0trbUFtMWxfOV9WeWhIaXhjcDdyNkY1S0QzU2c3WjBtVUtyZkZYcUVBb3RPRkNzVnF5RXB4NnRyX3RzNDNCZnNsM0tYMS1sdWUyWDVBR2FUaUdoMzFLSzlHVF9ySGtXZWZHS3RwZDRTMTJPVzNWbklQZw%3D%3D&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fwilliemor&v=_dgJQEgw4mo&event=video_description (https://www.linkedin.com/in/williemor)... Thank you Avery for being on today's Podcast, really appreciate your time. **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help https://www.youtube.com/redirect?redir_token=QUFFLUhqa0s3QkJneHU0LS1oSFdPdEdOaG1vVTVPcFE2d3xBQ3Jtc0tsLWxSTENQX1JHUHowN2VCcUtKOXllVjF2RzBSVGU1dmpmb2RUNkwwSzlJejVxckVRTlhKNkZVa1g1Yl9VaGFrdmEyTEFhNVZwUFdRMzVab0hGOHZCd29mVTBPckkzZVBxQ2JaYnJHLU9YM2xnZE0wZw%3D%3D&q=https%3A%2F%2Froyallegalsolutions.com%2F%3Fref%3D6&v=_dgJQEgw4mo&event=video_description (https://royallegalsolutions.com/?ref=6) Track income and expenses, screen tenants, set automatic reminders, and more. Try Landlord Studio free

About Simone As an Executive Strategist, I partner with entrepreneurs, small business owners and companies to create a solid foundation while helping their businesses grow. As a serial entrepreneur, I really understand the challenges, risks, and rewards with starting, growing, and operating a business. And, more importantly, I will coach you in those areas. My pharmacy and MBA background have allowed me to hone my business skills in both the pharmaceutical and healthcare industries. I have managed cross-functional teams, honed my skills as a Marketer, Communication Specialist in Medical Affairs, Sales and Medical Training, and Global Business Strategy. Every business is different. Part of understanding these differences requires listening to my clients in order to provide a customized approach. ► KEY FOCUS AREAS • Executive Coaching • Business Coaching & Strategy • Diversity and Inclusion Consultant • Facilitation, Training, & Speaking On today's show Simone talks about How she got her start as a entrepreneur When Simone started her business Do we need to know someone well before partnering Should we vet our potential partner Is it to personal to ask for their credit report Should we partner with family or friends And much more.............. Links from the podcast linkedin.com/in/simonesloan SimoneSloan.com info@yourchoicecoach.com https://www.youtube.com/redirect?event=video_description&v=c1QpSjNayUo&q=https%3A%2F%2Fwww.mint.com%2Fbrokerages%2F&redir_token=QUFFLUhqa0RCcTZhMXhab1pxWm9rT2lTMEo0QVZ5YVRkd3xBQ3Jtc0tsY01pU29jN1RRaHdtWlJRdWpHYlRudkN6ZEZyNE82akFlXzQzMk5xRVpiek5jLUE1Sk9JM2Q0UklvemtEdWhZY0t3SkRUZXVRWTVYUXVZRG5MRmdxRXVuWGUwN0pWV1BUQU5qYnEwX3prOTFNcjZTZw%3D%3D (https://www.mint.com/brokerages/) https://www.youtube.com/redirect?event=video_description&v=c1QpSjNayUo&q=https%3A%2F%2Fpeer2peerrealestate.com%2F&redir_token=QUFFLUhqa1E4T2RscEozLV85U1RjSEpnUUhhT0FmcVpId3xBQ3Jtc0ttZGRKMG1Telo4M2xJTU9XMnQ2MzFpVFk2c2FGbElPYkxWZy01cjRGUmlZN3NjNTRaN2dvWkxUY2tKNzZ4TWJPRnhWSTJ5dk5La1p0V0RfaWYydDhpakg4S09kV1Q0elNtRlIwdWZMSUFUYWRkMUVZWQ%3D%3D (https://peer2peerrealestate.com/) www.facebook.com/peer2peerrealestate https://www.youtube.com/redirect?event=video_description&v=c1QpSjNayUo&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fwilliemorales%2F&redir_token=QUFFLUhqbWFsUTdhdmFlOVFGekNrc0RnaHBtaFpmSGdhd3xBQ3Jtc0tuUExOQ0VxMEt1OUl4eV9BZHczeEwxMktVaTJJZ1JhYng4dHdGbURiWG95Y1hzQzdld3p2MERBUEswZ1hXU0hBLVNuTXh2NUY4X2pvSVhjV0g3VmNnNDNqXzFOWlhqS25mX0s1Vl9uY2ZMN21DYTlpVQ%3D%3D (https://www.linkedin.com/in/williemor...) **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help https://www.youtube.com/redirect?event=video_description&v=c1QpSjNayUo&q=https%3A%2F%2Froyallegalsolutions.com%2F%3Fref%3D6&redir_token=QUFFLUhqbFc0QlRHUmE3emdsSHVTZUdYUlZ5UnJxN1Fqd3xBQ3Jtc0trT0RjYTNma0o0TGxHVUlraEtPRmQ5MFM5NVZGVnJvaV90TXR6Qkg5amRIVFVPd0N2Q05hcmgyUnJaNW8tS25xTHVxY2hUX0pWaHh4Qzg1cDNhZjJxaHFndlB4TnRPSGRYZGhkbXJlY3ZHeGQyN2tzZw%3D%3D (https://royallegalsolutions.com/?ref=6) Track income and expenses, screen tenants, set automatic reminders, and more. Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions. peer2peerrealestate/freetrial Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yr P2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave...

About Joe Joe Bell is an Expert at helping Real Estate Professionals build legacy, retirement, and wealth. He’s the founder of Legacy Beyond Listings, and author of the book “Assets, Acquisitions, & Abundance: A Guide To Building True Wealth & Legacy Through Real Estate”. Joe is passionate about serving real estate professionals, helping them achieve market domination and build true wealth in their lives through real estate investing the smart way. In addition, Joe also has his own real estate firm, is an experienced Broker and Investor himself, as well as owning other companies. He’s been named in the “Top 40 Under 40” in Alaska, and has been featured in places such as ABC, NBC, Digital Journal, Investor Place, and more. On today's show Joe covers There is such thing as no money down Mistakes to avoid Should we borrow from family and friends Important team members Outsourcing your business And much more.............  Links from the show https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=http%3A%2F%2Fwww.legacybeyondlistings.com%2F&redir_token=QUFFLUhqbFk4aENITndFMkJQYklVTk1MVENkckdpMjRkUXxBQ3Jtc0ttTU9xeWNGRlJjc1VoWWJoc3hvN05jMHRMNzNSRlR0bElybkRGRkxzZWtuNThMVmV2dWVyQlRWbUFHcUlXRGtDUlJtdHF6SVhicEpoSEVwaEVpUzE4UHhrOWh2cWctd0dsbnAyNTkxdGlnOHR5VkxCQQ%3D%3D (http://www.legacybeyondlistings.com/) https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=https%3A%2F%2Fjoebellcalendar.as.me%2Fschedule.php%3FappointmentType%3D11420114&redir_token=QUFFLUhqbUoyQ2tJZk5xcjEwNXBubEJkelRNUHRLcmtxd3xBQ3Jtc0trNVgtTDlCeWwwUU1qbno5cC1kMzFtbnFDclhORnBWcjFYREhUR0xha0h3SzFFRDdJMXlQRkgzSmhYVF9udjIxYkMzaG1jMTU4R1pZQjIxX2lZV21xdmZEcjcwOVZfRWpDNENTek1hMWt4RXl3c18xMA%3D%3D (https://joebellcalendar.as.me/schedul...). linkedin.com/in/joe-bell-b092845b https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=https%3A%2F%2Fgo.thejoebell.com%2Fguide%2F&redir_token=QUFFLUhqbVFJMnlOSWpmcWVWcWJGTkJaaUVuTUdzdzBaQXxBQ3Jtc0tuVGpZNTFFbG9ZdUsxT1Q0SlNlV3JnZG9OaU5xRmtXZFFwa3lqUGd3M2hjNDhnUTd4aV93NjQ3MFVpTUwzUzRTRTN2Snk5UzBFTHpIOG96dUVBbjg5ZTBfb2ZxeWJzMkxDWEtNSTJzemJ5Z1BoWnNKTQ%3D%3D (https://go.thejoebell.com/guide/) https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=https%3A%2F%2Fwww.mint.com%2Fbrokerages%2F&redir_token=QUFFLUhqbmY1a1ZWSHFBN1hneVVHMmRESURrZkwtMjl2UXxBQ3Jtc0trQmlzTW1DVVNBbGRUUl9DQVppRFN5a05ldENPN2R6dkE5SURVUVlmOHY0YXJxcTJpcnFuUEZWbEs4MGtQMEt2TUpETjFmdXhlRmRRVTBQdGE4UnhQSE1nV0NoUGd4N2tzaEZPd2ZuU1NhSGRzOUxXRQ%3D%3D (https://www.mint.com/brokerages/) https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=https%3A%2F%2Fpeer2peerrealestate.com%2F&redir_token=QUFFLUhqbUFheDJEZzcyZVpsbHhzWFpGRm1abk1KWWVlUXxBQ3Jtc0tsbHFNQ2l4TFpLMmN3T0M2LXRtdlY0UUVvYVpkakt4LW1OcmprdzltQVpIZHd4X08zNi1mV3UtWHNackJWZ0kzRzZQNC1lTDZDeWM2eUFqQVVXTWJCN0VPeXBTczhRdXFKQnl5cmZZM1NuSUE2QmxhWQ%3D%3D (https://peer2peerrealestate.com/) www.facebook.com/peer2peerrealestate https://www.youtube.com/redirect?event=video_description&v=qkMlyB9LrTs&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fwilliemorales%2F&redir_token=QUFFLUhqbWgzbHRfMzUzZExWWl9YempLVDA1eEdDaFlUd3xBQ3Jtc0tsR0UxM2FEXzVMaWlzWG5VNU1wUWlHc3NYLWdXNDM0YjBXWWRJM09fLVNCaEdLcHJHbXFieEh2TlM1TnhRWVhtZlJwdkVuamZJWjN5UGZEVXpYdlZ5dzIzSmJiWjJkSmFobVNsU2ZkTEVpeEk4OHJaVQ%3D%3D (https://www.linkedin.com/in/williemor...) **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help...

About Jennifer Author, Award Winner, Rock Star Jennifer Seeno Tucker is an Associate Broker & Vice President of Business Development of Exit Realty United located in Nassau County, New York. She is the co creator of The 7 Saturday’s Training Program for local real estate agents. She has helped dozens of real estate agents transition from paycheck employee to a flourishing career as a sole proprietor in real estate. Jennifer has also guided many real estate agents throughout their careers and helped them stay focused in meeting their goals as business owners. Jennifer is the author of Become A Rockstar Real Estate Agent: 7 Steps to Make $100k A Year. As a former educator with an advanced degree in curriculum design and instruction, Jennifer is committed to utilizing her background to provide realtors with the necessary tools for support as they transition to a full time real estate agent. She is also Presidential Club Member of the Sandler SalesTraining Training Institute In 2017 and 2018 Jennifer was awarded the Silver Award from EXIT Realty International, the 7th largest real estate brokerage in North America, for her gross closed commissions in the New York Metro region. In 2019, Jennifer increased her sales and received the Gold Award. As a Thank You to her clients, a portion of Jennifer’s personal commission is donated to a charity and has contributed over $5,000 since the inception of her willingness to make a difference. Jennifer currently resides in Wantagh, New York with her daughter and their Chowsky. On today's show Jennifer talks about Working with buyers. Training program Virtual meetings Networking all the time Keeping contact with your network And much more............. linkedin.com/in/jennifer-seeno-tucker rockstaragent1.com https://twitter.com/JenniferTucker9 https://www.youtube.com/user/JenniferSeenoTucker facebook.com/seenotucker www.rockstaragenttraining.com https://www.mint.com/brokerages/ https://peer2peerrealestate.com/ www.facebook.com/peer2peerrealestate https://www.linkedin.com/in/williemorales/ **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you. Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord Studio Worried about protecting your assets? Let Royal Legal Solutions help https://royallegalsolutions.com/?ref=6 Track income and expenses, screen tenants, set automatic reminders, and more. Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions. peer2peerrealestate/freetrial Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yr P2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Apple podcast, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review Keep the momentum going, Good things will happen. Thank you for listening Stay Safe!

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks about how you can review a potential mobile home park investment opportunity in 10 minutes or less. Andrew goes over some great tips on where you should go for market research, rent comps and more! Andrew also goes over the most important things you need to look upfront when considering a passive mobile home park investment.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions. Talking Points:00:18 - Welcome to the Passive Mobile Home Park Investing Podcast00:40 - The key to getting a mobile home park deal done quickly and efficiently01:32 - Researching the market01:55 - 5 websites, tools, and go-to places for thorough research05:32 - FEMA Flood Map06:22 - Occupancy in the mobile home community07:19 - The number of park-owned homes in the community08:00 - The utility infrastructure09:15 - Review the size of the lots and the park10:47 - Pitched roof homes11:23 - Lot rent competition in the area12:04 - Conclusion Resources/Links:BestPlaces.net: https://www.bestplaces.net/SpotCrime.com: https://spotcrime.com/GreatSchools.org: https://www.greatschools.org/RentOMeter.com: https://www.rentometer.com/FEMA Flood Maps: https://msc.fema.gov/portal/home Links & Mentions from This Episode:Bigger Pockets website: https://www.biggerpockets.com/Mobile Home University website: https://www.mobilehomeuniversity.com/Keel Team's official website: https://www.kee

About Gabe Real estate entrepreneur and digital marketer with a focus in three areas:1. Buying, rehabbing, stabilizing, and managing a portfolio of quality multi-family and mobile home / RV park properties at Great Northwest Home Buyers (https://www.greatnorthwesthomebuyers.com) and Equal Housing Group (https://www.sellmymobilehomeparks.com)2. Creating high-quality educational content for other real estate investors to consume through my podcast and YouTube show, The Real Estate Investing Club (https://www.therealestateinvestingclu...)3. Helping my fellow real estate pros grow their businesses and reach ever higher levels of impact and success by bringing them leads with digital marketing at GCQ Marketing (https://www.getclientsquick.com)I love meeting other real estate pro's so if that's you please don't hesitate to reach out and say hi.The Real Estate Investing Club, sign up for an interview here: https://www.therealestateinvestingclu...Links from the Podcast https://www.greatnorthwesthomebuyers....https://www.therealestateinvestingclu...https://www.getclientsquick.com/?r_do...linkedin.com/in/gabe-petersengabe@getclientsquick.comhttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channelhttps://www.mint.com/brokerages/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Check out the latest NYC Real Estate News.https://therealdeal.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review See acast.com/privacy for privacy and opt-out information.

About Kevin Kevin Rosenbloom is Principal and Co-Founder at MKFunding Solutions. His passion for real estate investing coupled with his hard money lending experience and strong business accumen has helped him successfully launch MKFunding Solutions. Before starting MKFunding Solutions, Kevin was a Loan Officer at Everyday Funding and Credit Manager at Vista Commercial Capital.In addition to lending, Kevin is a Fortune Builder and Real Estate Investor and have successfully bought, redeveloped and sold multiple homes in the New York Metro and Long island areas. This real estate experience has made Kevin a better hard money lender, as he is able to understand an investor's needs and place them in the right loan program, as well as provide borrowers with critical mentoring and insight to succeed.Links from the Podcasthttps://en.wikipedia.org/wiki/Hard_mo...https://www.mkfundingsolutions.com/https://www.mkfundingsolutions.com/lo...https://www.mkfundingsolutions.com/co...https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Check out the latest NYC Real Estate News.https://therealdeal.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewThank you for watching, and Stay Safe. See acast.com/privacy for privacy and opt-out information.

About Sri​Do you have disability insurance?March 2011, Palo Alto Medical Foundation.A doctor asked me that as my husband was sitting in a wheelchair unable to walk. ​I had no idea if we had disability insurance, and quickly thereafter she said he will not be able to walk in 5 years so be prepared.We were scared. ​This was scary.We had to figure this out. We had to find a way if the doctors word actually was the truth. Spoiler Alert: Don't worry, he made a full recovery.What started out as a journey towards financial independence for us as a family has grown into a mission to share what I learned along the way. ​Besides learning the ins and outs of real estate, I learnt lessons around how you gain clarity to invest in real estate.Armed with that clarity, real estate doesn't feel so hard or insurmountable anymore. ​My goal is to bring that feeling to you.Help you gain clarity and confidence to invest in real estate.*On today's show Sri Discuss*The reason for getting into real estate*Choosing multifamily as a investment vehicle*Using costar to locate deals*Getting into fix and flip apartments*Converting a hotel into a multifamily units​*Why she started a multifamily coaching program*And much more. ..........More infohttp://www.thesrilathagroup.com/@bayarea_multifamily (IG)facebook.com/learningapartmentslinkedin.com/in/sri-lathasri@thesrilathagroup.comhttps://www.costar.com/https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channelhttps://www.mint.com/brokerages/.*Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Track income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Apple Podcast look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Thank you for listening Stay Safe! See acast.com/privacy for privacy and opt-out information.

About Vince Vince Chang, what is more to say than "Just Laugh". Jamaican Chinese heritage, a Blasian to most, has been conquering the comedy stage since College. Vince grew up in the big apple, calling Long Island and Brooklyn home. Having graduated Cum Laude from City College with a BA in Political Science, Vince found himself itching to express himself through jokes. Chang's style of comedy is vibrant and energetic. Chang has also been seen on Manhattan Neighborhood Network, TruTV, and What's Eating Harlem. Also, he is a host and MC for a national 3x3 basketball company called 3BALL USA as well has hosted international weddings around the world. Chang has performed stand up at legendary venues such as Webster Hall, Trocadero Theatre in Philadelphia, and has been a part of the New York Comedy Festival. You may also catch him at local clubs in New York City including Broadway Comedy Club and Dangerfield's. When Chang steps on stage, entertainment is the philosophy and believes in his motto for people to "Take a Seat, Grab a Drink, and Just Laugh."On today's show Vince discusses * Provide content* Be genuine * Join Facebook groups* Being consistent * Be interested in what people say* Have consistent communicationImportant links https://www.mnn.org/https://www.trutv.com/https://www.3ballusa.com/https://www.websterhall.com/http://nycomedyfestival.com/https://www.broadwaycomedyclub.com/http://www.dangerfields.com/https://www.whatseatingharlem.com/You can find Vince atInstagram Vincechang21Twitter Vincechang21Facebook Vince Chang You can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Track income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Apple Podcast look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Thank you for listening Stay Safe!SHOW LESS See acast.com/privacy for privacy and opt-out information.

About Alex Alex Carini is passionate about real estate, and has strong transatlantic business contacts and deal experience.Through hard work, persistence and reputation Alex Carini has quickly climbed the NYC Real Estate Industry to establish himself as a Top Real Estate Broker. Carini has been honored to represent an Elite Clientele from USA, Europe, South America & Asia with their NYC Real Estate Transactions. Fortune 500 Executives, Politicians, Athletes, Celebrities, Developers and Business Men & Women have chosen Carini for their Real Estate Needs.Prior to founding CARINI GROUP, Carini had managed a European Based NYC Brokerage House specializing in International Clients purchasing in NYC. Previously Carini held the position of Business Development Manager for one of the city’s top law firms for helping foreign businesses establish and grow U.S. ventures. Carini began his career with his family’s residential and commercial real estate businesses: Domus S.r.l., a well-known Italian developer, and Boseba S.l., a development and property management company in Spain. He remains a close advisor to both entities.Born in Spain and being raised in Italy from a Real Estate Family, Carini has been around Real Estate all his life and often jokes “I was 12 years old when I collected my first rent money!“Carini is qualified and trained in the U.S., Italy and Spain. He received a Bachelor of Science in International Business from Northeastern University in Boston. From Cattolica Del Sacro Cuore University, he has a Bachelor of Science in Economics and Trade, and a Master of Science in International Management. He is fluent in English, Italian, and Spanish, and conversational in Portuguese.Services the Carini Group Provides:Seller’s RepresentationBuyer’s RepresentationLandlord’s Representation to Lease PropertiesTenant’s RepresentationNew Developments AdvisoryProperty ManagementInvestment Advisory1031 ExchangesMarket Research/ Comparable Reporting StagingConstruction/ Renovation ManagementMedia/ Photo/ Video/ Press Content CreationYou can find Alex at:CARINI GROUP350 West 42nd StreetNew York, NY 10036917-833-4388Hello@CariniGroup.Comhttp://www.carinigroup.com/index.cfmImportant Linkshttps://therealdeal.com/https://www.redinnyc.com/https://www.mint.com/brokerages/.http://www.carinigroup.com/?page=test...Choosing a Boutique Firm.You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Track income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Thank you for listening Stay Safe! See acast.com/privacy for privacy and opt-out information.

About HughHugh has accumulated over twenty (20) years of legal/transactional experience concentrating in the areas of real estate and telecommunications. For the ten (10) years prior to founding Vertical Consultants, Hugh worked with AT&T, providing legal representation and counseling as it relates to the Fortune 10 company’s acquisition, disposition and management of both real and personal property assets. This representation included thousands of transactions that involved both fee and leasehold interest assets, with such assets being located throughout North America and abroad. The afore-mentioned assets included retail, equipment, office, raw land, and industrial locations and represented over five (5) billion dollars of financial commitments.Prior to this, Hugh was in private practice with the prestigious law firms of Snell & Wilmer and Martin Tate Morrow & Marston. During this time, he was responsible for providing representation that included being directly involved in the structuring, financing and negotiation of the acquisition and disposition of various real and personal property assets. Hugh has a law degree from University of Mississippi, MBA degree in Finance from Vanderbilt University, and a B.B.A. degree in Finance/Economics from the University of Memphis.You find Hugh at :info@celltowerleaseexperts.com1-877-456-7552https://www.celltowerleaseexperts.com/https://www.celltowerleaseexperts.com...Important Linkshttps://therealdeal.com/https://www.redinnyc.com/https://www.mint.com/brokerages/.https://en.wikipedia.org/wiki/Cell_siteYou can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Track income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Thank you for listening Stay Safe! See acast.com/privacy for privacy and opt-out information.

About Jason Jason Salmon manages Kay Properties and Investments' New York City office providing expertise and guidance to our 1031 exchange clients. Jason brings 20 years of commercial real estate and financial advisory experience to Kay Properties and Investments, He specializes in tax-advantaged exit strategies and real estate planning solutions-working with property owners on their 1031 exchange transactions.Jason has expertise in identifying real estate investments across multiple sectors and takes pride in giving clients access to opportunities via the company's diverse platform.On today's show Jason discuss'*What a 1031 exchange is*Is the pandemic hurting his business*What a triple net lease is*Delaware statutory trust *Retails future*Office marketYou can find Jason at:jason@kpi1031.com Important Linkshttps://therealdeal.com/https://www.redinnyc.com/https://www.mint.com/brokerages/.https://en.wikipedia.org/wiki/Delawar...https://www.wsj.comhttps://www.multifamilyexecutive.comhttps://www.multihousingnews.comhttps://www.naahq.org/pages/welcome.aspxhttps://www.marcusmillichap.comYou can find me at.https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review.Keep the momentum going, Good things will happen. Thanks for listening, and stay safe. See acast.com/privacy for privacy and opt-out information.

About LesliePartner & Director of OperationsLeslie is the Director of Operation and Co-founder of Xsite Capital Investment LLC, a multifamily real estate investment focused company in the Washington DC area. He manages the company operations, market/data analysis, cash flow and budget analysis. He bought is first investment property in 2017 and transitioned to multifamily investing in 2019.In 2019, Leslie partnered and invested in a 192 unit apartment project as a Limited Partner. Leslie is a Nurse Anesthetist in Baltimore, MD and his team host a rapidly growing multifamily focused meetup in Maryland where they provide resource and add value to individuals interested in growing their wealth and mindset.XSITE Capital Investment exists to bring excitement to both our investors and our tenants through our amazing communities. We strive to find and present rock solid commercial real estate investments to our highly valued capital partners. In addition to producing attractive risk-adjusted returns for our investors, we strive to enhance the life of every tenant, team member, and individual that comes in contact with our business.Leslie is a husband and father of 2 beautiful girls and loves to spend his spare time reading and reviewing data.Golden Nuggets by Leslie*Play the Cash Flow Game by Robert Kiyosaki*Brrrrr strategy - Buy, Rehab, Rent, Refinance, Repeat.*Your must have team*Mentor= Can be books or someone you know.*Broker*Attorney*Property Mgrmportant linkshttps://www.city-data.com/https://www.costar.com/https://www.loopnet.com/https://bit.ly/35TREl7ProFormahttps://www.udemy.com/course/realfocushttps://www.zillow.com - search county website.https://www.mint.com/brokerages/.https://www.meetup.com/You can find Leslie athttps://www.xsitecapital.com/sitecapital@gmail.com202-569-5072301-655-4708You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly PriceP2P.COM/60 Save $60 off Annual PriceDon't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen.Thanks for listening , stay safe See acast.com/privacy for privacy and opt-out information.

About RaseanRasean Thrower serves as VP, of Projects & Sales, at Block Builder Properties, LLC.Rasean attended Long Island University, in Brooklyn NY where he initially learned enough about real estate to know that he had a future in it. Early on in his working career Rasean was determined to grow his savings in order to “make his mark” in the Real Estate Investing world. Rasean began investing in his real estate education in 2009 when he purchased his first investment property.About Arnum Arnum Wapples Jr., MBA serves as VP, of Marketing & Acquisitions, at Block Builder Properties, LLC.Arnum attended Old Dominion University in Norfolk, VA and earned his Master’s Degree in Business Administration. He had a successful career as a Business Banker at JP Morgan Chase which allowed him to see the inner workings, and bank accounts, of many companies todetermine what kind of business he wanted to pursue for himself. Real estate investing was the clear winner. Arnum has successfully grown an independent insurance agency to become the top selling insurance agency in NYC with many sales and training accolades. In his spare time he volunteers as a board member of NYC Society of Human Resource Management (SHRM).You can contact Arnum & Rasean at:BlockBuilderProperties.comarnum.wearelegalshield.comSocial Media: instagram: @BlockBuilderPropertiesTwitter: @BuildingdablockYou can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen.Thank you for listening, and stay safe. See acast.com/privacy for privacy and opt-out information.

Prove it, Yep, it means what it says.  Before you close on any deal be 100% sure that the info you used to base your buy decision on is accurate.  I am willing to bet that the seller, broker, or wholesaler embellished on some of the info you believe to be true. Before you do any deal, prove the numbers by common sense due diligence. This does not mean trusting the Realtor or wholesaler that is presenting you the deal.  I am not saying they are lying however they tend to make things appear a bit more profitable than reality will prove. A wholesaler using the term ARV is the human version of Zillow and therefore is never accurate. The value of a property is what a buyer is willing to pay for it, period. When a seller tells you what a property will bring in for rent prove it before you believe it.  A great way of doing this is to look on craigslist for similar properties located in the same area and call them.  The MLS will often be a good resource of rental data for properties that have already been rented.  Tools such as Rentometer will give you a range of rents to consider but keep in mind that much of their data is mined from ads on for-rent properties, thus not a true reflection of what a property actually rented for. When a wholesaler tells you what a property will sell for once fixed up prove it with an appraisal.  The appraiser should be able to give you a good idea of what the value will be once repaired to good working order. When a Broker tells you a property is a “great deal” have them prove it with credible data.  You may find that most real estate brokers have little to no experience in any form of real estate investing.  Ask the broker if they own any rentals themselves, most don’t, therefore, be careful who you listen to when you hear the words “great deal” In this episode, I provide a real-world example of a “deal” that wiped out an investor simply because they did not take the time to verify what they were being told.  Tune in to hear about that mess and at the same time learn what not to do.

About BarbaraBarbara Lewandowska AIA, the founder of Lewandowska Architect PLLC, begun her architectural career at IM Pei & Partners, where she was involved with the design of Kirklin Clinic in Birmingham, Federal Triangle government office complex in Washington D.C. In the following years she joined KPFC - KPF, where she had a primary role in the design of several of the firm’s nationally and internationally prominent projects, which include First Hawaiian Center in Honolulu, Tokyo Europort Hotel, and a multi-use commercial & office complex at 50 Avenue Montaigne in Paris. Subsequently she worked with SOM on the design of corporate headquarters for Investcorp, Vornado Realty, and NYSE expansion (not built) all in New York City.OUR PHILOSOPHYAt Lewandowska Architect PLLC she continues her lifelong commitment to design excellence.Every project establishes its own set of governing rules and requirements that evolve into intellectual concepts and aesthetic solutions, and that are not compromised by a preconceived style.We believe in holistic approach to de- sign, which considers parts as well as the system to which they belong. Only then the project can integrate itself into the existing environment with an aim to improve lives.You can find Barbara athttp://www.lewandowskaarchitect.com/http://www.lewandowskaarchitect.com/c...You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen.Thanks for listening and stay safe See acast.com/privacy for privacy and opt-out information.

About Nicole Grinnell, OwnerThe daughter of a small business owner, Nicole Grinnell grew up knowing the value of hard work and was put to work early. At the age of 11 she became the receptionist for her fathers business and learned early there are no bullet point job descriptions for small businesses, you just get it done.Nicole soon ventured into Corporate America as an Executive Assistant, she excelled with her small business background and work ethic. Knowing time was money, she prided herself on being proactive and anticipating needs.During the 15 years in the corporate world, Nicole was continually asked for assistance from business owners that needed help. Overwhelmed with the tasks that businesses need to survive, they were no longer able to thrive.Taking her passion for organization, assisting and efficiency she set out to start Cc: My Admin and provide the solution to the problem.Thinking of her father who was forced to juggle it all, she now finds joy in providing the relief small business owners need allowing them to grow, be profitable and enjoy their passion!Liz Goddard, OwnerThe daughter of a serial entrepreneur, Liz Goddard grew up understanding the needs and demands of a small business owner. Whether it was walking the floor of one of their restaurants, working in the headquarters of their retail/wholesale business or traveling all over the country to meet with vendors.After her father passed she and her brother inherited their father’s business and sat on the board of directors for four years. After moving on from that business Liz decided she wanted to grow her career in corporate america. She took on the role as Director of Human Resources for one of the fastest growing business in Atlanta. It was there she learned the human capital needs and true cost of an employee to businesses.She experienced first-hand the unique needs a business owner is tasked with and set out to solve the small business owner’s dilemma – You can’t grow your business without employees but you are unable to afford employees without growth. She partnered with Nicole Grinnell to provide a solution to that dilemma through the Cc: My Admin.You can find Nicole & Liz at:Nicole.Grinnell@ccmyadmin.com 916-756-5439Liz.Goddard@ccmyadmin.com 270-791-0269https://www.ccmyadmin.com/You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Apple podcast look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen.Thank you for listening and stay safe. See acast.com/privacy for privacy and opt-out information.

About Richard RIK Electric Corporation is a full-service electrical contractor that provides superior electrical services for residential, commercial institutional and industrial properties. It was founded by myself Richard Petrocelli and is located in Palisades Park, NJ. I was raised in the electrical business my father created and in 1993, I started my own business where we have been providing top-quality electrical services in New York and New Jersey. Our reputation is built on trust and professionalism. You can trust our skilled technicians to provide you with the right solutions for your commercial and residential electrical problems.We strive to meet the highest standards and the changing trends in the electrical industry.We focus on providing expedient services to get you back working as soon as possible without risking the safety of you and your business. We are absolutely committed to safety. We constantly update our electrical knowledge and skills to ensure complete compliance with the best practice standards. We are a fully licensed and insured company. Rik Electric offers 24 Hours Emergency Service for your convenience. You can find Richard at:201-736-9789You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review See acast.com/privacy for privacy and opt-out information.

This topic that I covered today is something I had to talk about , it's amazing to me how the years went by without picking an investment strategy I can fully be behind.I really believe in the shiny object syndrome that most of us go through, it's always exciting to think that next investment strategy can get you over the top, but, for me, that didn't work because I became just another student. And years went by before I settled with creative financing, it was an aha moment, when I saw a webinar on the subject and I said this is what I want to do.Once you settle on a particular investment strategy, stay with it until you become an expert and you can outsource that part of the business and move on to the next niche you like to try. Book I recommendThe One Thing- Jay Papsan. Important Linksfundrise.comhttps://www.youtube.com/watch?v=EFaOB... - Real Estate Investment strategyhttps://youtu.be/QpNXRIsH_8Q - Jim Rohn How to stop procrastination https://www.mint.com/brokerages/.https://www.nerdwallet.com/blog/inves...You can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Track income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Please go to Apple Podcast look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. STAY SAFE EVERYONE! See acast.com/privacy for privacy and opt-out information.

About John Matheson CEO. "Our software has given people the confidence to walk into a bank or lender and start their funding conversation on their terms. Technology can do that for you today. It’s a new way for all of us to control our financing origination process. Whether you are just starting out with property investing or business financing or have 30 years of experience under your belt. I say this all the time: Who wouldn't want to know if they pre-qualified for what they need before they apply?"Leverage gives you the confidence you need to start the lending conversation while saving time, money, and effort financing your business or investment property.You can find John at :https://leveragecalc.com/https://leveragecalc.com/contact/Understand the Commercial Underwriting Guidelineshttps://leveragecalc.com/solutions/pr...You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen.Thanks for listening, and Stay Safe!! See acast.com/privacy for privacy and opt-out information.

On today's show I talk about what sites are available to use to analyze a market you are looking to invest in. But as I mentioned during the presentation, always do your due diligence as companies do come and go. The websites on this power point are some I used, some recommended to me. Unless we have so called- boots on the ground to help us in the area we are interested in, we have to rely on outside sources like Gov't statistics for info. Important Linkshttps://www.mint.com/brokerages/.https://therealdeal.com/https://www.redinnyc.com/You can find me at.https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Get the latest in Real Estate Newshttps://therealdeal.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review.Keep the momentum going, Good things will happen. Thanks for listening, Stay safe.! See acast.com/privacy for privacy and opt-out information.

About Gerri:Gerri Detweiler is a leading, nationally recognized financing and credit expert, with more than 20 years of experience. During the 2008/2009 financial crisis, Gerri was interviewed hundreds of times, providing insightful expertise and actionable advice for traversing the turbulent landscape and unknown change. Today, she serves as Education Director for Nav, the trusted financing partner of over 1.2 million businesses, where she gives Nav’s customers certainty in an uncertain world through expertise and actionable advice. On today's important show Gerri discusses:The CARES ActDifference between Disaster Loans and Paycheck Protection Program What is a EIDL grant The new federal relief act will cover many Airbnb hosts in the U.S.For Airbnb hosts go here:https://bit.ly/2xwIluwAirbnbapplyYou can find Gerri at:https://www.nav.com/https://www.linkedin.com/in/gerridetw...You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review See acast.com/privacy for privacy and opt-out information.

This is a subject I wanted to talk about for a long time, but I kept hesitating because of the people involved,--family, & former friend. But this is something that is important not only for me, but for others who have felt at times stressed out because they didn't want to put their credit in someone else's hand. I can speak from experience, and I felt that I had to get this story out, not all partnerships are great. With family, I got the promise, "they will pay me back", been waiting 10 years! and with that former friend, who said " I got your back" 5 years later and just some payments made. Before you co-sign, or partner with someone, get to know them, if they are in a rush to partner up, wait!! don't be in a hurry to partner up without knowing them from A to Z. There are people out there like myself who trusted, and it backfired. The key to business in my opinion, is become more self reliant, hire out the tasks you feel you can't do yourself.Pro of Co-Signing * Helping someone out* Can improve your credit score* Feel good that you helped . Cons of Co-Signing ^ Mercy of the person you signed for* The economy can crash, or loss of Job^ Can hurt your credit score if you are above the threshold of 30%* You are responsible for paying the debt* Relationships can end* Can affect you if you want to get a loan or apply for a rental* If you are compelled to co-sign, see if you can get some type of collateral * Have reserves * Book I recommendWhat every real estate investor needs to know about cash flow.... Frank Gallinelli Vital Linkshttps://www.mycreditteam.com/https://www.moneymanagement.org/https://www.clearpoint.org/https://www.upwork.com/https://www.fiverr.com/https://www.mint.com/brokerages/https://www.myfico.com/You can find me at.https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review.Keep the momentum going, Good things will happen See acast.com/privacy for privacy and opt-out information.

About Neal. Neal Bawa brings extremely strong strategic and operational experience to his role as CEO at Grocapitus Investments. Neal sources, negotiates and acquires Commercial properties across the U.S., for 500+ investors. Current portfolio over 2000 units/beds, projected to be at 3000 in 12 months. The portfolio includes Multifamily and student housing properties in 9 U.S. states.Neal is a nationally recognized, in demand speaker at Multifamily events, IRA events & meetups across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Neal’s nationwide Meetup network (Multifamily University) has thousands of members.He leads the company and is driving the syndication and acquisition of multifamily properties.You can find Neal at:https://www.grocapitus.com/Grocapitus Investments, LLC(415) 326-8878nfo@grocapitus.coFor more on commercial Real Estate go to:https://multifamilyu.com/Free education by Nealhttps://www.udemy.com/user/neal-bawa/You can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Please be safe. See acast.com/privacy for privacy and opt-out information.

About Anthony Prior to forming Red Knight Properties, Anthony Scandariato who graduated from Cornell University with a Bachelor’s degree in Applied Economics and Management, was a Co-Founder in Ridgeview Partners. He specialized in the retail space with a vertical model that provided flexibility to serve multiple customer segments with similar product lines through retail, wholesale, and production contracting channels. He Acquired and developed growth of 110+ retailers within first-year operations. He later moved on to Acquisitions & Asset Manager Vice President for Vision Properties, where he was directly involved and responsible for sourcing, negotiation, and managing the acquisition of $594MM of Class A office assets.You can find Anthony athttps://redknightproperties.com/https://redknightproperties.com/conta...https://redknightproperties.com/media/You can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Apple Podcasts, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen See acast.com/privacy for privacy and opt-out information.

About John John Grace, a Registered Principal with Securities America, Inc., is a professional with over 30 years of experience. John, an Eagle Scout, attended Carleton College in Minnesota, and is a former President and Trustee of the Ventura County Council of the Boy Scouts of America; a former Board Member and Finance Committee Member of the El Camino College Foundation in Torrance; a former Trustee of the California Lutheran Educational Foundation at California Lutheran University in Thousand Oaks; a former Charter Member of the American Heart Association Ventura County Chapter; a past Executive Board Member of the Westlake Village Chamber of Commerce; and Past President of the Rotary Club of Westlake Village Sunrise. Due to his Knowledge and experience, John is a frequent lecturer on financial matters and has been retained to conduct workshops for colleagues, corporations, and various colleges, universities, and adult education programs, in addition to participating as a regular Keynote Speaker for Junior Achievement events around Southern California.John's Contact Infohttps://www.westlakefinancialadvisors...Our Office 200 N Westlake Blvd., Ste 109Thousand Oaks, CA 91362Open Office Hours M-F: 9am – 5pmContact@WhyBePoor.comYou can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review See acast.com/privacy for privacy and opt-out information.

About Jeff Jeff Schechter, but my friends call me “Shecky.” I’ve had the entrepreneurial bug my entire life, and love connecting with other entrepreneurs. I started my first business right out of college, and over the years, have developed sales and marketing strategies that have worked well across many industries.. Ever the entrepreneur, I’ve been involved in numerous businesses ventures.My love for real estate investing began in the 1980’s, when I began flipping homes that I lived in. Since those early days of torn up kitchens and bathrooms, I’ve bought and sold many properties, and I am an active investor to this day. In addition to investing, I also operate a private consulting practice. I’ve been blessed to have coached hundreds of business owners, and thrive on helping people realize their full potential…not just in business, but in all aspects of life!Through an unusual chain of events and business relationships, I met Jack on a consulting call. Very quickly, we realized that we had the same interests and passions. Those initial conversations were the seeds of what is now my favorite business, High Return Real Estate, LLC. I look forward to connecting with you!You can contact Jeff athttps://highreturnrealestate.com/https://highreturnrealestate.com/cont...You can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube ChannelVital Links https://www.mint.com/brokerages/.https://www.city-data.com/www.LoopNet.comhttps://home.treasury.gov/policy-issues/careshttps://bit.ly/2zhSegRPPP**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Thank you for listening See acast.com/privacy for privacy and opt-out information.

About Gerri Helping consumers find reliable answers to their credit questions has been the theme of my work for the past 20+ years. Known as an expert on credit issues, I've been interviewed for more than 4000 news interviews including The Today Show, Dateline NBC, The New York Times, USA Today and Reader's Digest. I've also testified before Congress on proposed consumer protection legislation.I've also answered more than 10,000 credit questions online. As a speaker, I've addressed both consumer and industry audiences nationwide. As just a couple of examples, I was a featured speaker in an 18-city speaking tour sponsored by a major financial institution, and a multi-city speaking tour at Air Force bases. You can see my speaking schedule here. I'm now education director for Nav, where I help individuals and business owners navigate the confusing world of consumer and small business credit. As an educator, I'm the author or co-author of six books:Finance Your Own Business: Get On The Financing Fast Track, co-authored with small business attorney and Rich Dad Advisor Garrett Sutton (SuccessDNA 2016)Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights (2009)Reduce Debt, Reduce Stress (Good Advice Press 2009)The Ultimate Credit Handbook (Plume, 1993, revised 2003), which was featured in Money magazine as one of the five best new personal finance books of the year when released.Invest In Yourself: Six Secrets to a Rich Life (Wiley, October 1998)Slash Your Debt: Save Money & Secure Your Future (Financial Literacy Center, 1999).For three years, I was the host of a weekly live radio program Talk Credit Radio. Podcasts of many of those episodes are available on this website and on iTunes. I reach thousands of consumers each month through these websites, as well as numerous others to which I contributes articles. She examples of my articles here. I hold a B.A. in International Business/Political Affairs from Taylor University, and an M.A. in Adult Education/ Psychology from Vermont College.On a personal note, I'm a proud mom, love to accumulate credit card points so I can travel, and I radically downsized my home not long ago. 5 Vendors That Will Help You Build Business Credithttps://www.nav.com/blog/3-vendors-wi...You can find Gerri at https://www.gerridetweiler.com/https://www.gerridetweiler.com/contac...https://www.nav.com/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/You can find me at :www.facebook.com/peer2peerrealestatehttp://peer2peerrealestate.com/https://www.linkedin.com/in/williemor...Youtube Channel See acast.com/privacy for privacy and opt-out information.

About Scott 95% of real estate investors will face a major lawsuit in their lifetime: it’s not a matter of IF but WHEN am I going to get sued? Real estate investors without asset protection advertise their wealth for anyone who looks, making themselves targets.The law favors the proactive, so you must protect yourself before the lawsuit. If you do, you can manage and minimize your risk. If you don’t, you could lose everything. Merely the threat of a single lawsuit will cost you thousands. My clients get lawsuits dropped before they are even filed.Here’s the best way to protect yourself no matter where you live or where the assets are: a series LLC with anonymity trusts.Why?1. This system offers anonymity. They can't find out that you or your company own anything.2. Your assets are compartmentalized. If someone sues one property, they cannot get to you or your other properties.3. You and your assets are fully protected.— You can’t prevent being sued but you can protect yourself before it happens. —You can find Scott at https://royallegalsolutions.com/https://royallegalsolutions.com/conta...(512) 757-3994You can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewkeep the momentum going, Good things will happen. See acast.com/privacy for privacy and opt-out information.

James: Hey audience and listeners, this is James Kandasamy from Achieve Wealth Through Value Add Real Estate Investing Podcast. Today I have Rama Krishna from California. Rama has been focusing a lot on apartment purchases which is averaging around 30 to 40 a units and at the largest you have done were 59 units. So it's going to be very interesting especially for a lot of people who are trying to get into the game and also looking for like high cash flow as well, you're going to go detail on why sometimes the smaller deals makes a lot more money than larger deals. So hey Rama, welcome to the show.  Rama: Thank you James. Thank you for having me.  James: And one of the things that we want to talk about apart from going into Rama's strategies and businesses, we want to go into what asset manager can do during these Covid19 crisis that has been happening right now. Hopefully I can publish this podcast as soon as possible. But I'm sure it's going to be very relevant because it's going to take a few months for this crisis to subside I guess, it may take a few more quarters to fully subside. So Rama, did I miss out anything on your credentials?  Rama: No, not much I think. So just to kind of re-summarize, I am based out of California in the corporate Bay area of San Francisco, an IT professional. So just to recap like 90 seconds. I started like from real estate two years back started from single family homes and I always want to actually to do Real Estate but the problem is in Bay Area, really hot market. I cannot get any cash flow. It's kind of very hard to find deals and I didn't want to do out of state because I have a very stressful IT job here. I cannot travel out of state to do these things. I was postponing doing real estate for so long time, but three years back kind of pull the trigger, bought my two single family homes, one in Raleigh and Atlanta, that's where it started and quickly realized that I cannot scale with single family homes and got into multifamily, bought eight apartment complexes between 20 to 80 units. That's a more like a sweet spot for me. Like doing the deals. We can go further into that. One thing, we started, we didn't talk before is that construction projects, two new construction projects, 97 and 92 units in Raleigh, Durham, North Carolina. So they are like devalue adds, value adds and the new construction mostly into that existing apartments and new developments.  James: Got it. That's very interesting. I think we should just definitely talk about you and maybe do a separate podcast for the Covid19 asset management because there's so much of information that I want to get from you and I think the Covid19 thing is also very important. So that's going to be another podcast maybe before or after this. So let's go into details; the market that you have been focusing on that, I know we talk offline before this is Florida, Kansas City and Ohio, and you are sitting in California. At what point of your work, you are very stressful IT guy. I mean, I was a stressful IT guy too. What was that aha moment saying that hey, I better go buy something else or did you play around with stocks and realize stocks is not for you? So what was that aha moment that said that you need to go and focus on buying a multifamily apartments?  Rama: So I did two businesses, IT businesses, products and the consulting business. I did stocks, options and everything. It was a lot of active businesses, I need to be there, and I am really active, let’s say if somebody can start restaurants, like franchises, you need to be there in that actively. So you are there to be part of the business, then you cannot succeed in that. Even IT businesses or consulting or product development, everything is active here. Even where a lot of people have a lot of money from IT as freelancing or like full time jobs, but the problem is if they stop going Monday morning they cannot make money. That's the main part for me to getting into the Real Estate and then I bought these single family homes, I'm getting like $200, $300 for each single family home as a cash flow. But then I wanted to scale it, but at the same time I thought I cannot scale it. The problem with apartments at the time for me personally living in Bay area, these apartment complexes are so expensive. These are like 20, 30, 40, $50 million. I didn't even know that we can buy a apartment complexes. The two things, kind of the aha moment for me is we can buy apartments as a common man with syndication. Syndication is another thing. I was buying single family homes myself and I know a lot of my friends actually buying single family homes out of state. They buy in Texas, North California; they buy everywhere all the single family homes. But if you combined 10, 20, 30 people combined, we can actually buy larger complexes, larger commercial properties. That was a [05:17unclear] the syndication itself was an aha moment for me.  James: Was that from someone talking to you or from bigger pockets or you're talking about syndication or what happened? How did you find it out? Rama: I learned about this syndication with a webinar from Neil Baba, you know Neil? He was having this weekly or acting monthly multifamily fundamentals webinar. So two years back in November 2017, I had this is a webinar from him and the moment that I did the webinar, I first reached out to him Neil, I want to meet you, this is really good, this is crazy. Then met in a Starbucks in Fremont and I told him after this Neil I want to learn this thing. This is exactly what I wanted to do and he said there's a boot camp coming up. He would come in February and I said I'm going to sign up on that. That's when it kind of started, kind of working from single families to multi families.  James: Got it. What were the few key things in that discussion with Neil that you have was like, wow, this is suitable for me. What was your personal thing that you think that oh, this is very interesting for me. What are the aspects of syndication that was very attractive to you that you think [06:40unclear]. Rama: Three things, Oral apartments is a kind of a scale in the single family home model that what I'm thinking. I know the real estate passive income, but then I cannot buy a hundred, 200, 300 single family homes. The first thing is scale. The second thing is run as a business, like I did my IT businesses before. So apartments is also a business, you need to increase your income, decrease your expenses, and then efficiently run your operations. Make sure that you know everything like people management and you talk to your property managers and investors and your brokers and seeing like identifying this analysis, everything. Run it as a business. Third thing aspect is a syndication model itself. I have like hundreds of friends here and other acquaintances, old colleagues, a lot of people are high net worth individuals. If I can prove myself in this business, I can definitely syndicate and raise capital. So those are the three main aspects for me that kind of struck the card when was talking to him and also the fundamental thing, hey we can buy larger complexes like this. Like I was not even imagining the common man can buy apartments. Those are the three main aspects.  James: Got it. So now you're sitting in California, after you talk to Neil you come out and you already go to his boot camp. Why you went from California to Florida, Kansas City and Ohio? Which deal did you buy for us? Which state was that?  Rama: For my multifamily?  James: Yeah. Multifamily.  Rama: The first five deals, I bought it in Jacksonville, Florida.  James: Okay. Why Jacksonville, Florida? Why not Las Vegas or Utah or Texas? Or is it just that you landed there by luck? Rama: So I want to actually buy a multifamily in Raleigh, Durham and Atlanta because that's where I started. When I started researching about markets for my single family homes, with all the research I did, I picked these two markets, Raleigh and Durham.  James: Okay. What are the things you saw in Raleigh, Durham and Atlanta that were like awesome [08:49unclear].  Rama: Some of it I think was I'm reading all the articles and reading all the articles and everything with the technology stuff happening also there and jobs moving in, I didn't actually connect the dots at the time, When I did the boot camp from Neil then I was able to connect the dots and say hey, these are good markets. Then I was started offering on deals in North Carolina and Atlanta. Like none of them were pencilling out, like what is this? Even two, three years back it's not working out. I can't imagine now, maybe like with Corona, it's never kind of worked out for me because I never purchased in the last three years. When I started multifamily again I started looking into these two markets, Raleigh, Durham and Atlanta. I was offering ton of properties. I visited brokers’ network. Either the deals are like C minus, really bad locations or bad tenant profile. The income is bad, which numbers are working on but the thing is I don't know how to do the deals there or it's too expensive where it just didn't work out for me.  The vision for Jacksonville is when I was trying to expand markets from single family homes, I was looking at Austin and somehow actually got into Jacksonville because of the property manager or the property manager was actually offering, they do turnkey single families home as well. So I was talking to them doing due diligence, everything with them and making sure what kind of deal on single family homes that they can help me on, on rehabbing and the stuff. Then I suddenly like after talking to Neil, I said, guys, I'm not interested in single families. No, we have deals, this is like 60k and we have this 140k [10:39unclear] but they said okay we'll help you in multifamily as well. Let me know if you find any deals. We'll help you manage. That's when Jacksonville started and then they also kind of helped you and due diligence and everything. Then we'll look at a few deals together and we bought this 20 unit deal and that was on market actually, but it's the heavy lifting stuff like the roofs are bad, two, three units are down; it's really heavy lifting. I thought, okay, let me just get into it. The twenty unit is most like a cost of a one condo here. James: Looks so cheap when you look at California?    Rama: You know what I'm going to lose here, let me try it out but we made really good money on that. So definitely that's the good, I got the money from my friends and family first, not as syndication. It's more like a joint venture. A lot of my small multifamily is a joint venture. We can go into details how we've structured those. So that was very good deal. Look back right now. We did that and then quickly since I liked the market, I kind of learned about Jacksonville more. The more I know it's like a really hot market, then the found more deals in the end of that eight months to nine months and then they all are smaller, 20, 30, 12, 32 to 59. James: Syndication. I mean syndication; you can put larger money and buy a hundred plus unit or like some gurus say by start with a hundred plus. Why did you start with 20 and 30? And what is the driving motivation for that?  Rama: Neil actually encourages to start with small, he never said go more than a hundred units, but I'm part of a team of multifamily Mark Kinney. He suggest only a hundred plus units because of several reasons because you're putting effort on a 20 unit, it's the same as 200 units, go hundred plus. I totally believe it from a mentorship perspective, he's different. I did that because when I did my eight LLC taxes for last year and all the administrative work that goes behind these things. I would totally agree with Mark and also any other gurus out there that say go hundred plus units. I totally agree on that from effort standpoint. But there is money to be made in this 4,200 unit space as well. And a lot of people ignore it. There is definitely a possibility that you can put your operations hat there and your creative hat there to see how you can profit from it. You also know from the investor perspective as well.  James: Yeah correct. I started with the 45 units and I really love it just because you really learn a lot from smaller deals and you don't have to go much bigger deal and you forget, you cannot be like skipping elementary school and middle school and try to go direct to high school. I mean you can do it once in a while or when the market's so good but the fundamentals of real estate is really learned on the smaller deals, even with single family. You start with single family and you move to the smaller deals.  Rama: There are pros and cons. For example, the pros are you don't need to have payroll. The con is also the same thing. You don't have a staff and then your property manager may be sitting in some downtown office somewhere. They don't know what's happening at the 20 units or forty units. So you need to have very kind of a good property manager, even for a hundred plus units also you need a good property manager, but at least you have staff. If you can talk to them, hey, what's going on? Because the regional might not be at the site all the time. The regional might be like going once in a month, once in 10 days, whatever. But you have a staff day you can talk to, hey, what's going on leasing, what are the foot traffic? What are other strategies that you have always or do you have going on these units? Have you did the make ready? All of these things. There is a long [14:38unclear] clean you can talk to someone. But if there is a 59 unit somewhere in the west side of Jacksonville and my property managers sitting on downtown, they don't even know the pool guy's coming, they don't know that the lawn is not cut for the last two months. So there is good and bad, especially if you're doing out of state property manager, no asset management. That would be more difficult. But there are ways to mitigate that. Have a local partner in your deal that is onsite, on the ground goes once in a week or so.  James: Did you have a local partner there? Rama: One in Jacksonville but not in Kansas City and [15:2unclear] but now Jacksonville, I have changed my property managers, she's really hands on and she actually sits in one of our office. Jacksonville Unit has an office actually. So she's really good and now I can think of acquiring more properties in Jackson, I was thinking not be acquired more. But if you have really good property manager who is hands and kind of trustworthy, then you can definitely; these are really cash cows.  James: Yeah. I mean the people play the most important aspect in property management. It's a people business. So once you find a really good people, you are motivated. Rama: You are local or have a partner locally in the 40 to 80 unit game and it's definitely worthwhile to [16:08unclear]. James: Because it's not many people look at that space. I mean, the market was so hot right before, pre-Corona, I would say. Now we have to talk about pre-Corona and post-Corona.  Pre-Corona is so much of capital looking for deal and everybody just buy the bigger deals. Rama: Yeah, I do buy the deals in the three bands, James like 40 to 80, 80 to 160 and 160 above. 40 to 80 is where I do kind of deals with mostly JBS and then also syndicate patients deal where you don't need an onsite staff, we can operationalize and make sure that let's say if you have multiple 40 to 80 deals in the same market, you can actually have some scale within that. Have a maintenance person who I only see for properties. So 80 to 160 units where our focus primarily from a syndication perspective when we can have staff. 160 plus is an institutional level where the different companies move there, which I'm not going right now. But I would love to go 160 plus.  James: 160 plus, okay. I think that still does not answer [17:16unclear]. Rama: [17:17unclear] but at least you have a different set up [17:20unclear] James: Different level of people. Yeah, professional investors I would say maybe. That's good. Yeah. I mean so how did you structure this JB on the smaller side? Because you really don't have to do syndication for everything, I mean, if you have a few guys who are your family and friends who are willing to put some large money, you can just do a JB and explain to the audience how did you do that JB and syndication. Rama: Yeah, even if it is JV, I would want someone like they do perform some tasks. It's not that, you know, hey, like it's a JB and I'll do all the work. They allow us to have to do some work on that. Because they all structure James two options here. One, either I put less money and they put more money and everybody will have an equal share. Let's say I'm giving very rough example. I bought 50K and other people put 100K each or 200K each, whatever it is. And each of the 3% will be attached to person of the [18:15unclear]. James: Got it.  Rama: That's one option. The second option is I've also put 100K but all three people will put 100K into the deal, but I get 50%. They both get 25%. It's just very high level examples. Either I put less money in and take an equal percentage with the other investors or I put more money and take higher percentage. But same money as others.  James: All these deals you're buying in these different cities is it all value add or de-value add or cash flowing? How's that?  Rama: Most are value add as some are de-value adds as well. I'm kind of going away cookie cutter stuff, but the cookie cutter stuff, I'd still do it. But for the long-term part. That is more kind of relevant for a JV structure because for syndication I need to perform two to five years, I need to exhibit. But if I find a deal, which is really kind of a long-term goal and that is also good for this model where I don't need to worry about performing something in three to five years, I can even take a bridge loan and refinance it and keep it for longer term to the cash flow that's fine. If you don't get to cash flow, that's also fine. At least you can get all the rehab money from the lender and renovate it fully and then go to a permanent loan and keep it for like another six to eight years or 10 years.  James: Do you finance with the bridge loan in the beginning itself?  Rama: Yes. Yeah. Half of the loans I deal with now are bridge loans.  James: Okay.  Rama: Half of them are Freddie Mac. But see this is a de-value add. I know I can get all the rehab budget from the bridge loan. James: Yeah, correct. De-value adds make sense for... Rama: And then refinance it.  James: Got it.  Rama: So it's like kind of a cookie cutter or a little bit like value adds, I go with Freddie Mac loans.  James: Got it. Yeah. I mean the smaller ones has less competition. Sometimes you make a lot more money because there's no payroll and some people like my 45 units people just like to stay in a smaller community because they don't like bigger and the people, a lot of residents like a smaller communities, they don't need all these amenities. They just say we want housing.   Rama: Yeah that's true and another trend is happening, the build to rent. They're doing a medium density bill to rent the whole complex is for Randwick. So they built a town home complex or a single family home complex only for rent because we will be rendered national for some, and especially this post-Corona, it will be delayed like three more years, people will not be looking at home ownership. But at the same time, they don't want to live in apartments. They can live in a town home community or the kind of a little bit less density, a single family home community, maybe more density, single family home community. They're okay with that, right? Because they still have the pride of ownership. You have a better tenant profile and they can also feel that they're living in a regular home than an apartment complex. So the build to rent a town home and a single family home concept is growing as well.  James: So let's say you get a deal; every day you get a deal right now, I mean you're getting into brokers I presume. So what are the sniff test do you do on the deal? Because sometimes they list too many deals?  Rama: Yeah. I have my 60 seconds rule, 60 minutes rule and I don't know, 60 days like I see the more you go, you're going to spend more time on this deal. So the first thing I do is go to the justice map or CoStar just to see them demographics. For what is the median income and demographics mix on this and how the income is growing in this area. If that is a bad area I just... James: So every deal, the 62nd is that few steps go to CoStar.  Rama: Yes first go to; no, I don't need the CoStar, District Map is free. Just go to justicemap.org, just put that address.  James: What's that website called?  Rama: Justicemap.org. James: Oh justice map, yeah, justicemap.org. Rama: Just go to that, put the address you will see the census block. What is the median income, what is the demographics mix and how the income is changing. Then you will see the first sniff test and then I'll see the rents. Nowadays what I'm seeing is the average rent, like around $750 or about; I'm not going to C minus, C property, C plus or B. So I can quickly take a deal out, 60 seconds or less. And then next step will be go to the bond writing and see what the rent projections are, go to Rentometer or any other, I can go CoStar or Rentometer and see what are the rents. Are they below the market or not because I don't care about the rent growth, what happened in the next five, six years, what is in place rents and what I can achieve the market. That is where I focus. Let's say if it is $75, $150, $200 below, then definitely if it's like a C plus, B area, 45K or 40K median income and the demographics mix is good and everything, then I definitely go to the next level and traditional spend six days or not. Then to go to the 60 days. James: That's probably including the best and final and all that. Rama: Yeah every step that you go 60 seconds, 60 minutes, 60 days you're going to waste your time, effort, money on a deal. You need to talk to programs you need to visit, it adds up the cost, time and effort, energy.  James: Yeah. It's crazy how much work you have to do on progressively. So is there a lot of competition even on the smaller deals? Rama: There will be. Yeah. And it sounds especially previously that lasted two years, this competition for everything. But the 40 to 80 unit spaces, James, the smaller people cannot buy those and they still want a track record and know everything. They don't want to give it the deal to anyone. The bigger people are not interested in this because and the same thing that you said it's too much work. Definitely there will be competition but if you do a JV structure and especially you can do a long-term goal or maybe a tentative exchange because on a largest syndication it'd be 20, 30, 40 people. It's going to difficult to convince everyone, hey, let's do a 10, 31 exchange. So on a smaller deal if I get a 42 unit I know the JV people, like we have five people, so once we got a bridge loan, we renovate, and we’ll sell. Say if somebody wants to know by this thing, we have a bigger pool of money in the pot for the 10, 31 now we can from 42 units they can go to 80 units and then they can move to 160 units. I can spin off three fourth, 10-31 exchanges like that and quickly it can go from 200 to 800 units within two to three years or four years.  James: That's interesting. You can start from small and just doing 10 31 and start increasing. Rama: Exactly, on syndication it's not kind of very difficult. I have 40 investors, like half of them, hey, I need my money back. I let them say, let's just enter the one. Okay. Then it'll be difficult to coordinate this.  James: Oh, right. Interesting. Yeah. I never done a 10 31 exchange up until now because I don't prefer it so much because I'm worried that it costs me to buy the wrong deals. Because all sellers love 10-31 buyers. Rama: TO be active, don't disclose that you're a 10-31 buyer. Have those deal flow, you need to be really active. Every time I have four to five, six deals, then I can pick the right one. Hey, I'm not going to go wrong on this because it's a B property, eighties construction. What are the criteria that you have? The rents are like a hundred dollars lower. I'm okay to even or pay 100K - 200K on this because on the 10-31 you want to certain the deal, you want certain to close it. So picking the right property and make sure you're doing the due diligence and then do the 10-31 because yeah. So worst case, you'd pay taxes and it's not like another wall. It's better than going in the bad deal.  James: Correct. Yeah, absolutely. Absolutely. Absolutely. So tell me about your value add strategy. Do you do interior, exterior and from deck and you define what's the most valuable value add that you have seen? Rama: No, I do de-value add, like if the roofs are leaking, like falling down we get a new roof and completely renovating the units to top-notch, [26:57unclear] dollars also into the C properties. I think the thing is weird to see the holistic picture. There is no one specific thing that I do, which is the most value add, just turning it on the property to create the maximum value out of this. Like if it is a exceeded deferred maintenance, the problem with deferred maintenance is you don't get any rent bump if I change my roof. But you need to make sure that you negotiate the deal. Okay. Hey, this has a roof issue and if you're paying the market price, but for a de-value add that doesn't make sense. If there is an exterior deferred maintenance I would love to know everything in place and only do the interior value add. That is the best thing to do if I can get, but I'm not afraid of de-value adds. I did full redevelopments also I'm doing new construction as well, so whatever the maximum value that you can out of the property on the rent. That is what I looked into it.  James: Got it. So that's very interesting. So tell me about yourself. I mean so you are an engineer and you are doing real estate right now, where do you see yourself in the next five to 10 years? Pre-Corona or post-Corona? Rama: If we didn't have the same conversation January James, I was thinking I would retire in 2020. Like I had two deals. I was about to go under contract at backdoor on one day I was at the deal also I'm at 80% on the fence to back out. Completely changes. So things like this, you go back to the square one, go back to the drawing board or go back to school. . Then rethink your strategies. Yeah, definitely. De-value adds and new construction. I want to get maximum value out of it. Cookie cutter. I'm like mostly ignoring, but if I can do long-term goal, I'm okay with cookie cutter. If not that I can get out three to five years and do this like kind of churn. It's just a lot of work. A lot of people think when you're just come into syndication or a multifamily, it is a passive income. This is not passive income at all, like zero. For investors, yes. So I would continue doing what I'm doing, but it'd be more conservative. The new rules. The rules have changed.  James: The rules have changed. Yeah.  Rama: The playing field changed. The game is changed. Everything is changed. But the fundamentals remain the same. We will be renters’ nation. The multifamily will not go away. People need place to live. The next one year will be a little bit at least six months to one year. It will be tough in the operations perspective, fully focusing on operations on what I have and I'll continue the story, but the story now will be much better. You will see what is the need for passive income now you know better. Things might change. People are getting laid off. So you need to get your passive income streams. The story becomes stronger now and nothing changed in that perspective. James: Correct. Correct. Also in the stocks market you can lose your money, but in a brick and mortar real estate, you don't really lose the money. Rama: The capital is reserved, you have a hard asset. You can go and touch, feel it, and then that's not going anywhere. You might have instead of 8% returns, you might have 2% returns or 1% returns, at least your capital is reserved. Stock markets you're bidding down like crazy there. You're losing half of your money or more than half of your money. So the story got better and maybe easier to pass on this thing. But there might be challenges raising capital in the next few months because people might have lost money in stock or lost their job, whatever it is. But eventually it will come back. The people will remember this. They know the value of passive income more than before. I'll continue the value adds, the de-value adds and new construction strategies into the multifamily.  James: Got it. Is there a proud moment in your life that you think you're really, really proud that you cannot forget? I mean, until now, I mean, of course you're going to do a lot more things right, but until now when you started this business. Rama: Yeah. The first 20 unit deal, when we actually renovated this thing, I really felt happy. It was actually really bad property. The roofs were really leaking and everything; the tenants were bad, the backyard, everything was all trashed and completely, we re-profiled this thing. We did maybe more than 70% returns on that. The manufacturer, that's one thing. Overall the transformation that you do kind of really was proud moment for me and also the land development deals that I'm doing. It was 18 months of effort for us to get these 97 units a town home project, we closed it in February. So I was really proud of that new development site.  James: Got it. So you're like moving from one domain to another domain. That must be a happy moment. Why did you move to development?  Rama: As I said, I like this North Carolina, Austin, Atlanta hot markets because I would rather do it in this market, but there are no deals out there in a sense too expensive. You know Austin? All seventies and eighties property itself is so expensive. I would rather build new but there are unknowns. There are risks for new construction. It's not that easy to hazard zone. James: [32:54unclear] building, if it's [32:57unclear]. Rama: Everybody will be building, it has its own staff but overall I want to be patient to find the right deals and find the right construction partners, find the right type of investors. Not everybody will be interested in new development. You want cash flow. You're not going to get cash flow. There are a lot of risk also. You might lose your capital also in that because there are no assets.  James: You have to go to so many entitlement process and city approvals and all that.  Rama: Exactly, there are red tapes involved, there are so many things involved but I would in a market like Austin or North Carolina I would rather to build than buy a seventies or eighties product. That was the main reason for me to get into new development because I liked the market, what I can do in this market because I love North Carolina, I love Austin, I love North Atlanta. What I can do in these markets from a Real Estate perspective, the only answer for me is the new development.  James: Got it. Interesting. So tell our audience how to get hold of you? Rama: Yeah, you can reach out on my website is zovest.com; you can reach out at rama@zovest.com and I'm active in a lot of Facebook groups, you can reach out to me there as well.  James: Awesome. Thanks Rama for coming in. Happy to have you here and happy that you add a lot of value to our listeners. Thank you.  Rama: Thank you, James. Thank you for having me.

About Alan Alan Schnur brings executive experience coupled with over 20 years of real estate ownership and management. Alan sharpened his operations expertise by building trading platforms and later founding, running, and ultimately selling an energy brokerage trading company. Having owned or managed over 6,000 apartment units and 600 single-family houses he now focuses on NNN leased Commercial properties and currently overseas a portfolio of over 700k Sq. Ft of Retail and Industrial Properties across multiple states. He also partners with multiple developers of luxury homes, 55+ Living Communities, as well as Self- Storage Facilities. Alan also travels the world not only as a mentor and speaker, but an adventurer climbing the highest peaks on the planet. He has lectured at Harvard University as well as the best conferences on CRE and hundreds of meetups, having as well, published three books.You can find Alan at http://www.gr8partners.com/index.phphttp://www.gr8partners.com/contacthttp://www.gr8partners.com/booksYou can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...https://www.youtube.com/channel/UCOFvGeG_KLEqzbNNOh_rWOQ?view_as=subscriber**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewThanks for listening, Keep the momentum going, Good things will happen. See acast.com/privacy for privacy and opt-out information.

About EricI'm a 33-year-old real estate professional who achieved the goal of financial independence.Financial independence is achieved when one's passive income exceeds their living expenses. It's when you no longer need to work because your living expenses are completely covered. In essence, you could retire.Unlike the stereotypes, retirement does not mean sitting around and watching reruns of MASH or Matlock all day (like my grandfather did). It also may not mean enjoying beaches or golfing all week long either.Early retirement simply means you are in a financial position to leave the workforce, if you so choose, and pursue any dream or passion that you may have. What you do with your free time is completely up to you.I've spent the last 10 years developing my systems and growing my business until now I have over 480 units of rental property.It's no joke and I'm not pulling your leg...and I started with just one small rental property.You can find Eric at https://idealrei.com/https://idealrei.com/contactYou can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewThank you for listening See acast.com/privacy for privacy and opt-out information.

About Jack I knew from an early age that punching time clocks and working for someone else wasn’t enough for me, which is what drove me into building businesses myself and being my own boss. Living a healthy and active lifestyle has always been important to me, that’s why at the ripe ol’ age of 21, I built my first company that coached clients on effective nutrition and fitness strategies. I began to grow my team and recruited and hired an epic sales team to keep things running smoothly. I ran a successful multi-million dollar company before I was old enough to rent a car.As soon as I realized how profitable real estate investments could be, I bought my first home as an investment. One home quickly became five, and when those five were doing really well, I just couldn’t help but add more. I became obsessed with learning everything that I could about the business. Before I knew it, I had over 50 investment properties that were all performing well and the steady flow of passive income was proof of that. I was passionate and incredibly excited to tell everyone I knew about everything I learned.Today, I dedicate my time to mentoring other entrepreneurs, building my real estate investment portfolio, and helping other investors to build a brighter future through the power of passive real estate income.You can find Jack at https://highreturnrealestate.com/https://highreturnrealestate.com/cont...https://highreturnrealestate.com/real...You can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. See acast.com/privacy for privacy and opt-out information.

Along with getting your unit ready for rent, you need to ready yourself as well. There are a few key decisions to make before you are ready to start talking to prospective tenants. Bryan breaks it down in this episode. Watch the podcast on YouTube at bryanchavis.com/youtube. To learn more about Bryan visit bryanchavis.com Charging too little for rent? Get 5 Free Rental Reports from Rentometer: https://bryanchavis.com/rentometer Ask a question for the podcast: info@bryanchavis.com Enjoyed the podcast? Please leave a review LET CONNECT ► WATCH MORE: https://bryanchavis.com/youtube ► FOLLOW Bryan Chavis on Instagram: https://www.instagram.com/bryan.chavis ► LIKE Bryan Chavis on Facebook: https://www.facebook.com/BryanChavisOfficial ► SUBSCRIBE to Bryan Chavis on YouTube: https://bryanchavis.com/youtube

About Jelena As an entrepreneur and the founder of a successful business, I understand the struggle. Meeting deadlines and delivering results while taking up new opportunities so you can grow your business - the balancing act gets old.That’s why I founded MYVA360. We all need those saviors, guardians of our ‘time bank,’ and genuinely versatile talent that will help us get more hours out of the day. Dedicated, dependable, highly-skilled virtual assistants are the answer.I hand-pick individuals and teams that will take on those tasks you need to delegate most. I have a knack for identifying work gaps and filling them with the right people. And I know MYVA360 can help you, even if you think you can’t afford an assistant yet.MYVA360 talent is never overbooked, so they can reliably complete everything you want to accomplish.My business prediction: outsourcing is the future of success, but everyone needs help finding the right team.My superpower: finding real talent and matching the right people to the right jobs.My description of a great day: I feel like the luckiest woman in the world every time I see VAs from my team help a client grow their business while managing to make time for their friends and family.Specialized services are available now:Executive AssistantsSocial Media MarketingGraphic DesignGet in touch now for a no-obligation power call to help you identify just how many more hours you can get out of your day with the help of my team of virtual assistants. You can find Jelena at https://myva360.com/en/ (305) 851 7006info@myva360.comYou can find me athttps://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewkeep the momentum going,, Good things will happen Thanks for listening. See acast.com/privacy for privacy and opt-out information.

Scott KroneManaging PartnerMr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices."There are two types of challenges we face in life. Ones we create on our own, and the ones life creates for us."You can find Scott athttps://www.codamg.com/https://www.codamg.com/contact/600 Waukegan Road, Suite 129, Northbrook, IL 60062(847) 272-7775info@codamg.comYou can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/ See acast.com/privacy for privacy and opt-out information.

About Ryan Chaw.As someone who has created a personal real estate portfolio of $10,755 per month with single family home investing over the course of 4 years while working a busy pharmacy job, I love to share some of my story and my biggest takeaways. - How I created a 6 figure rental portfolio in California, where most houses are overpriced and cash flow is limited. (It involves college town investing and super targeted advertising.)- My strategy for managing 4 single family homes without hiring a property manager while still working my full-time job.- My top tips on preventative maintenance to avoid the sometimes very high costs of emergency repairs. (I lost over $20K on my first investments because of unanticipated emergency repairs that were all preventable.)You can find Ryan at:Ryan Chaw, PharmD, BS BiochemistryInfectious Diseases Pharmacistr_chaw@u.pacific.edu916-367-3415Website: www.newbierealestateinvesting.comSocial media (Facebook Group "Newbie Real Estate Investors"): https://www.facebook.com/groups/44935...You can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemor...Youtube Channel **Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/ See acast.com/privacy for privacy and opt-out information.

From 2017 Encore Podcast.The ugly side of partnerships. Partnerships can be wonderful if everyone has the same goals. But for me, I still believe in teaming up. It has been ugly, maybe it's me, i'm too trustworthy I guess,And I realized that those partners didn't have the same goals I did. So I moved on and on. I realized that for any partnership to take place all goals must be aligned, goals set in writing, having a process in place can make the journey together worthwhile. But, no matter what we've all been through Real Estate is a people business and regardless it's a must we work with people in this industry. Talk with your lawyer, you can always hire out people out on a as needed basis. You can find me at:https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel https://twitter.com/WilliamP2PRE**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helpGet asset protectionPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/Please go to itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review. Keep the momentum going, Good things will happen. Thanks for listening, See acast.com/privacy for privacy and opt-out information.

The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets. Airlines are canceling flights en masse, Disney closed its iconic Anaheim amusement park, hotel revenues are sinking amid weaker tourism, and restaurants are struggling to keep their doors open as people are told to stay inside. Bryan explains how a "recession" impacts multifamily investing and the importance of operations during tough times. Charging too little for rent? Get 5 Free Rental Reports from Rentometer: https://bryanchavis.com/rentometer Ask a question for the podcast: info@bryanchavis.com Enjoyed the podcast? Please leave a review LET CONNECT ► WATCH MORE: https://bryanchavis.com/youtube ► FOLLOW Bryan Chavis on Instagram: https://www.instagram.com/bryan.chavis ► LIKE Bryan Chavis on Facebook: https://www.facebook.com/BryanChavisOfficial ► SUBSCRIBE to Bryan Chavis on YouTube: https://bryanchavis.com/youtube

Debbie Bloyd, "Mortgage Broker Specialist," and CEO of "DLB Mortgage,” Real Estate and Risk ManagementDebbie Bloyd has been helping clients over the last 23 years with their mortgages, investments and insurance needs. Debbie is CEO of DLB Mortgage Services and helps create wealth and peace of mind for her clients across the county. As a radio host on her own show - Money Strategies with Debbie - she hands out advice to her listeners on how to live within their means - how to make money stretch and shows them the risks in their plans. She makes complicated financial news easy to understand.Debbie is focused on her client's finances and speaks frequently with University students in business classes about money and finances for themselves and their small businesses. A graduate of the University of Texas at Austin, Debbie currently resides in Dallas but continues to travel all over Texas for her clients. She has a daughter at Texas Christian University and her son attends Ole Miss. Thank you Debbie for being on the show.You can find Debbie athttp://www.moneystrategieswithdebbie.com/http://www.moneystrategieswithdebbie.com/contact/http://www.moneystrategieswithdebbie.com/podcasts/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helpGet asset protectionPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/You can find me at :www.facebook.com/peer2peerrealestatehttp://peer2peerrealestate.com/https://www.linkedin.com/in/williemorales/Youtube Channel See acast.com/privacy for privacy and opt-out information.

Is that time again I'm at the Parlour Restaurant in New York City.I'm with the East Coast Real Estate Investors Group, Interviewing new real estate investors.I always have a great time interviewing newbie's in the industry. Most are trying to get into wholesaling, they want to build cash reserves so in the future they can invest for the long term.Want to thank Lee Ann Homsey and The Parlour Restaurant for putting this event together and hosting. And thanks for those who I was happy to interview.Heather HagglerAva GromadzkaIzaiah ShedrickChiche AhoofeYou can reach them at Meetup.com East Coast Real Estate Investors GroupYou can find Lee Ann's Group athttps://www.meetup.com/East-Coast-Real-Estate-Investors-Group/**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helpGet asset protectionPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/You can find me at :www.facebook.com/peer2peerrealestatehttp://peer2peerrealestate.com/https://www.linkedin.com/in/williemorales/Youtube Channel See acast.com/privacy for privacy and opt-out information.

AboutAshleeNycole is a Freedom Lifestyle Investor who helps experienced investors and entrepreneurs to create more freedom, legacy and wealth.Before becoming a Freedom Lifestyle Investor, for 8 years, AshleeNycole was a licensed cosmetologist, salon owner and entrepreneur. After getting into real estate investing,with husband Tre’ Leon Bey, AshleeNycole and Tre’Leon Bey reinvested their earnings into more real estate and other investment strategies; such as currencies/commodities, foreign exchange, businesses, start-up’s, self and etc. Ultimately, building a real estate business that controlled over $3.3M in real estate assets, owning multiple successful and profitable businesses , temporarily relocating to Southeast Asia from America and gaining success and massive profit from every single investment made thus far; AshleeNycole would like to share her life, business and legacy message with you.AshleeNycole has successfully coached real estate investors, other investors, business owners, and entrepreneurs. Now, she focuses on creating strategic plans on how to create long-term wealth by investing into creative, low-risk, high-profit gain strategies to maintain a freedom lifestyle, for each individual based on their life’s mission and purpose. AshleeNycole is a certified Life Coach through The American NLP Association, AshleeNycole promotes self awareness, balance, accountability and actionable steps to create synergy between personal and business life.AshleeNycole enjoys travelling the world with her husband, Tre’Leon Bey and speaking at events/platforms for women entrepreneurs and investors about F.L.I.P (Freedom Lifestyle Investment Plan), getting clearer about building their legacy and defining wealth. She wants to live in a world where everyone is knowledgeable and prepared to invest into strategies that will make sure you and your children have obtained a freedom lifestyle.As an investor, she’s been spotlighted and featured on podcasts, blogs, websites, and social media posts by industry accounts.You can find Ashlee at:www.reisuccesstrain.comwww.realestateinvestingforher.comwww.freedomlifestyleinvestors.comwww.ashleenycole.comwww.bitcoinprofits.freedomlifestyleinvestors.comYou can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helpGet asset protectionPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/ See acast.com/privacy for privacy and opt-out information.

Peer 2 Peer Real Estate Show on Location at the Phd Hotel in New York CityThis episode is from January 9th 2020, the following participants you will hear are entrepreneurs, business owners, etc. Thanks to Selman Yalcin for letting Peer 2 Peer Real Estate be a part of this event. For future REDinNYC events go to www.redinnyc.comYou can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helpGet asset protectionPaying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Get the latest New York Real Estate Newshttps://therealdeal.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcast subscribe and leave a review.Keep the momentum going, Good things will happen. Thanks for listening. See acast.com/privacy for privacy and opt-out information.

About Nick PrefontaineIn 2003, Nick was in a snowboarding accident that left him in a coma for over 3 weeks. The doctors told us that he probably wouldn’t walk, talk or eat on his own again. Less than 3 months later, he was running out of Franciscan Children’s hospital. Now a Certified Infinite Possibilities Trainer, Nick speaks to groups that benefit from his message of overcoming adversity. He grew up in the real estate industry and got started on his own at an early age. Most notably, he was knocking on Pre-Foreclosure doors at 16 and 17, doing up to 50 doors a day. This experience helped shape Nick’s real estate career. Now, Nick specializes in working with lease purchasers to get them into a home and on the path to home ownership. Regardless of a buyer’s credit situation, he looks at their complete financial picture and comes up with a plan to get them into a home. He recently co-authored the best-selling book, The New Rules of Real Estate Investing: 24 Leading Experts Reveal Their Real Estate Secrets. The book provides real estate investors and aspiring real estate investors with hard-won lessons and wisdom from successful real estate investors You can find Nick at http://smartrealestatecoach.com/Check out Smart Real Estate Coach Webinarhttps://87gxzeer.pages.infusionsoft.net/Pick up a copy of Smart Real Estate Coach BooksReal Estate on your termsThe new rules of Real Estate Investing.**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Get the latest New York Real Estate Newshttps://therealdeal.com/You can find me at :www.facebook.com/peer2peerrealestatehttp://peer2peerrealestate.com/https://www.linkedin.com/in/williemor...Youtube Channel Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcast, subscribe and leave a reviewThanks for watchingKeep the momentum going, Good things will happen See acast.com/privacy for privacy and opt-out information.

OVERVIEW: In this episode of Fitness & Finance, real estate investor Vee Khuu shares his experiences getting into real estate investing as an immigrant from Vietnam in the midst of the 2008 financial crisis, the benefits of investing out-of-state, tax liens & more.  EPISODE HIGHLIGHTS: What was Vee’s upbringing like, especially as an immigrant from Vietnam?  Vee grew up playing volleyball and has become a volleyball coach here in the US.  Vee read Rich Dad, Poor Dad by Robert Kiyosaki, which led him to workshops and coaching in real estate.  When Vee got involved in real estate it was in the middle of the 2008-2009 financial crisis, with tons of foreclosures, so he was interested in buying wholesale from foreclosures.  He found a coach and bought his first property in only three months, and that was only five years after he came to the US.  As someone new to the country, Vee developed the confidence to pursue this line of work after he invested so much money into the coaching that he had nothing left to lose.  Vee learned that he didn’t need any liquid cash in order to make an offer to buy a property, he only needed to put earnest money down once an offer is accepted and contracts are signed, at which point Vee had time to flip the contract and sell the property to turn a profit.  After his second-ever deal went badly and he pulled out of it, Vee and his business partner bought a house to flip themselves.  Ten years later, Vee is interested in out-of-state investing.  Looking ahead, Vee wants to get into commercial investing, maybe with an apartment complex.  To build a team in a new market, Vee suggests doing a lot of research about job growth, population growth, and other data about the area to identify where to search for properties.  You can determine comparable rent in the area by asking other property managers in the area, going to Zillow.com, or RentOMeter.com.   Another option for getting to know an area is to do “mystery shopping,” by calling numbers on for sale signs and saying you’re an out of town buyer looking to move to the area.  People who are interested in investing in real estate but who don’t have a lot of time to wait on the market or shop around because they’re nearing retirement, Vee suggests finding a business partner.  Another option is a tax lien certificate where the government is your debt collector, but it requires a property where someone has defaulted on their property tax.  Vee’s podcast, Real Estate Lab, aims to give you the information you need about real estate investing to earn enough to quit your job.  3 KEY POINTS: Vee met his coach and others who helped him in his career—including Erik—through networking alone.  Out-of-state investing is great because if you make a mistake, it is potentially a smaller financial risk.  Figure out how much cash flow you need and profit you need to make from a property as your baseline so you can determine what deals are a good fit for you.  TWEETABLE QUOTES: “I was young at that point. I was young and stupid. I didn’t care. I didn’t have anything in the back of mind that this was not going to work. I knew it was gonna work because we bought it cheap, we knew the number, we had our mentor, there was no way that I could be wrong.” –Vee Khuu “You can live in SoCal and invest elsewhere. You can go to Detroit, buy a $20-30,000 house and get in $800-900 rent per month. Or you can go to Memphis, same thing. Those are towns you may not want to go in, but people live there. People have jobs there and they need to rent somewhere.” –Vee Khuu “If you want to invest in real estate, I would say invest for cash flow and be an investor not a speculator. You do not want to speculate because you will lose a lot faster than you will win.” –Vee Khuu RESOURCES MENTIONED:  Schedule a time to talk with Erik. Find Erik on Instagram, Facebook, LinkedIn and Twitter Find Vee Khuu on Facebook, Instagram Listen to Real Estate Lab Podcast

In this episode of the... and Landlord Podcast, I speak about RENT increases here in Durham, North Carolina. And one example I give is that of my own... The 2 Bedroom Duplex unit that I lived in for 4 years when I was last a renter myself (from early in 1998 to the start of 2002), where my rent was $625/mo (increasing to $645 in the final year). Well now here 18 years later, that exact same 2 Bedroom Duplex unit (of ~1,000 SqFt), is suggested by Zillow and Rentometer to have an average rent value of $1,381/mo, with the median rent for 2 bedroom homes in the area being $1,450/mo... That's crazy! If correct, it means that rents here have more than doubled over the last 15 years or so since the boom and bust occurred in Real Estate. But think of that... This Duplex is nearly 20 years older than when I last lived there. And I drove by it recently, and it doesn't look like anything major has been done to update it or improve its appearance or condition. If the same people / company owns it now as then, they have likely paid it off by now (or are near to doing so). So they are not only getting more cash-flow from this now 35 year old property than before due to greatly increased rents, but also because they may no longer have a mortgage to pay from those rents. What is better than Rental Real Estate Investing!? You end up with what is essentially a FREE house - because the tenants pay all the bills and expenses. You get cash-flow for life. And that cash-flow greatly increases over time due to the mortgage pay-down / payoff; and as result of annually increasing rents. Not to mention the incredible tax benefits and the likelihood that the property increased in value despite having gotten older. And did I mention the tax benefits? You get to depreciate the value on paper as it actually appreciates in real value... Wow - Seems like you'd go to jail for that, but its allowed!

Episode: 62 Brandyn Cox is my Certified Public Accountant CPA. He is an Army veteran, and a great tax professional! Brandyn is way better than the 2-3 previous CPA's I worked with. He thoroughly understands real estate investing and business taxes, and can explain it in a simple way to understand! If you want to hear more from Brandyn, and have a Q&A session with him, let me know, or join the War Room Mastermind group ASAP in order to hear him as our guest speaker for December! (for more info email: wrmastermind@gmail.com ) Recommended resource(s): The Entrepreneurs Handbook www.bmcaccountingllc.com You can reach out to them here: www.bmcaccountingllc.com or by email: brandyn@bmcaccountingllc.com Sponsor info: Rentometer https://www.frommilitarytomillionaire.com/rentometer - MileIQ: https://www.mileiq.com/invite/XDITS - SUBSCRIBE: https://bit.ly/2Q3EvfE Blog: https://www.frommilitarytomillionaire.com/start-here/ Free Audible book: http://www.audibletrial.com/MilitaryMillionaire Facebook: https://www.facebook.com/groups/militarymillionaire/ Instagram: @frommilitarytomillionaire - Books I recommend: https://www.amazon.com/shop/frommilitarytomillionaire THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Do you know how to correctly address setting rental rates at your properties? It’s math, but it’s math with a lot of moving parts to consider. Raising rents causes tenants to reconsider their situation. If you lose a tenant, you lose income for a month at a minimum. And if you purchase property that’s not been taken care of, you may have to displace every tenant so renovation can be done. It’s not an easy calculation.

James: Hey audience, this is James Kandasamy from Achieve Wealth Podcast. Achieve Wealth Podcast, talks to and interviews, a lot of commercial real estate operators and focusing on a lot of our discussion about value-add real estate investing. Today, I have Neal Bower. Neal Bower is from Grow Capitas Commercial Real Estate Investment Company. He negotiates [00:32unintelligible] and acquires commercial real estate properties across the US. He has almost 400 investors right now. A total portfolio size of 1800 units, in which, like around 1400 is multifamily and another 400 student housing. And I would like to welcome, Neal. Hey, Neal, welcome to the show. Neal: Thanks for having me on the show. James. Very excited to be here. James: Good. So, Neil, he has been on a lot of podcasts and you know, a lot of discussion goes around the data collection and experiments that you do in your asset management and in terms of your operation and just finding the right cities, right? [01:14unintelligible] and also operation leasing. So there's a lot of data that's being collected. Right. So we can go to that in a short while. My question to you, Neal, in the first place, why did you start collecting all this data? Neal: Well, I started collecting the data because I screwed up big time. So I started my real estate career in reverse. I mean, most people will start with a single family rental, right? I was a technologist and I got a chance to actually build campuses from scratch. My boss, you know, helped me. He was the CEO of the company, I was the chief operations officer. This was a technology education company and we were growing so much that we decided we were not going to rent offices from somebody, we would build our own campuses. And so that project of building that campus was insanely complicated because, I mean, I hadn't even built a single-family home. Here I am, building a 27,000 square foot campus that's mixed use. It's got classrooms, administrative areas, and restrooms and I had to learn everything from, you know, egress and fire codes. And you know, doors that lock when there's a fire and you know, ceiling heights, air conditioning, cooling, heating, and 500 other things related to that. So it was a trial by fire. I learned very quickly and did that in 2006 and so 2003 then again in 2006 and got very confident about real estate. I think in my mind, I got overconfident and so I went and bought 10 single family homes in California, I timed them correctly due to no credit of my own. It was just, you know, 2008, 2009 and got crazy confidence. I thought I knew it all. I mean that the fact was I knew nothing and I didn't understand that. And so I went to Chicago and bought 10 triplexes and I screwed up really big time. I made massive mistakes. None of those 10 properties really ever made any money and I realized just how little I knew and I start because of that disaster, which basically was a million and a half that got tied up for five years with no returns in the middle of one of the greatest, you know, gain markets of all time, I realized that I needed to learn more. So I started collecting data about why those units never made any money. And what it came down to is that I was spending too much time looking at the rents and looking at the units themselves and not spending enough time looking at the area quality. The quality of the tenant base, the demographics of the area, the income levels, job road levels, the population growth. All of these demographics are mega factors that affect every single thing that we do. And they affect them in a way that's very difficult for us to ascertain. It's almost like you're being carried along on a boat that's going somewhere at 50 miles an hour, but you cannot see outside the boat, right? That is a situation that is the reality of what is happening. And so I started doing a lot of research and data collection. And the more I collected data, the more I realize how powerful it was if I could go beyond data collection to doing data analysis and applying the analysis from one city to another, applying these analyses from one neighborhood to another, from one state to another. And the more I did it, the better I got at it. And so I decided to do more and more and more of it. And that's how my journey started. James: Yeah. I think demographic analysis has been missed by a lot of gurus out there who are teaching real estate investing, especially even on the multifamily side, right? People are just looking at numbers right now and I think commercial real estate consists of two things and what is the user and the space, right? So and we are missing out the demographic side of it, which shows that the demand and I think that's what you're talking about in terms of demographic and also what is the submarket demand, right? What is changing over there? How is the crime rate, who is staying there, what is the renter profile, right? What's the percentage of renters versus owners? It's just not many people know how to analyze that and that's a very important factor. Neal: They don't even look at it. I mean, keep in mind a neighborhood that has 30% homeowners and 70% renters is very different. Both good and bad from one that has 70% homeowners, 30% renters, right? So these things matter so much that if you ignore them, then if you think that you're in control, that is an illusion. That is an absolute illusion because those things are really driving either your profit or your lack thereof. That's really what's driving things, right? And so one example is, I mean, I teach a course, it's called Real Focus. It's about the power of demographics and how to apply them to create profit. And I teach it Live to about 4,000 people a year. And I teach it online, to another 4,000 people so there are about 8,000 people that take that course. And one of the examples that I like to give people is this, one of the most common statements, in fact, it might be the most common statement of all in real estate is that real estate is local, right? So you hear that all the time, real estate is local. Well, actually real estate is not local. James, real estate is hyper-local. So one of the cities that I use in my examples when I'm doing demographics labs for students is I talk about Columbus, Ohio. Columbus is a good city to invest in, right? So doing really well, population growth, job growth, income growth, all kinds of good things are happening there. So in Columbus, there is a small neighborhood that has an average median household income of $183,000 right? That is not an A that is like an A++. So you couldn't really go much higher than that unless you're in the San Francisco Bay area, you couldn't get much higher than 183,000, no. Well, the point is that 500 yards away from this neighborhood is another neighborhood where the median household income is not 183,000 it's not even 18,000, it's 6,000. 500 yards between the richest neighborhood in Columbus, I think it's the second richest actually, and the poorest neighborhood in Columbus, that's how hyperlocal real estate is. And if you don't understand how much that impacts you, obviously in this $6,000 income area, that's a condemned area, no one there pays any rent. Everyone lives there for free in abandoned buildings to this underneath $83,000 area where there's absolutely no cash flow, right? Because the income levels there are very high, there's really nothing available for sale. Everything's taken, everyone there is rich, you know, single family homes that you know, probably are like 1 million bucks. The differences there are staggering. And that 500 yards shows you how much you're missing if you don't understand how demographics drive everything. James: So I mean, I definitely agree with you because I've seen deals in the hottest market in the country and people just talk about the city, right? But they don't talk about the submarket itself or the particular location, right? So how would you go about defining the boundaries of where you want to define the demand for a specific deal? Neal: You know, that's a very interesting question and what you're really talking about is, you know, where does the neighborhood stop? Where does the neighborhood end? So you could say something like half a mile from me is a Whole Foods and next to it is a Starbucks, therefore I'm in the best area. But the reality of the situation is half a mile is also a very long distance. It's a very short distance and it's a very long distance. Remember 183,000 to 6,000, right? That was half a mile. So what really could be the case? Is that right where that Whole Foods is, a hundred yards beyond that, there's a street, maybe it's a railway line, maybe it's a freeway, maybe it's just a regular street and everything beyond that is a different neighborhood, right? Different quality of neighborhood. So you can't really compare this neighborhood to the Whole Foods and Starbucks side. And maybe, just maybe that neighborhood is only half a mile wide and right where your property is, that street actually is another neighborhood, even lower class. So it's very common for people to say half a mile from me is Whole Foods. But actually, they are not in the Whole Foods neighborhood. They're not even in the neighborhood next to Whole Foods, which is lower grade, they're in a third lower neighborhood themselves, like two grades lower now. And that's what everyone has to figure out if you're looking to do syndications or if you're looking to invest in projects. How do you figure these things out there? There are many ways to figure them out, to figure out where neighborhoods start and where neighborhoods end. I use paid tools, so we'll talk about those and I'll also give you some free tools. Neighborhood Scout is the best neighborhood tool I've seen. I've seen many of them, but neighborhoodscout.com allows me to do two things. It allows me to basically plug in an address so it could be a 200 unit property, I plug in the address, I basically take, pull out a report and it shows me the neighborhood and it also shows me the micro-neighborhood. Now there's a difference between those two, right? The neighborhood itself is very powerful because it'll tell, you know, income levels, crime levels, you know, degree-granting levels, is it walkable? It'll tell you an insanely large amount of extremely useful and immediately actionable information. But the micro-neighborhood part is even more powerful. So you'll see a map and on the map, you'll see the neighborhood, right? You can clearly see what roads are part of this neighborhood, where does the neighborhood start, where does it end? Does it go all the way to that Starbucks, does it not go all the way? But then, inside of that map, you'll see a yellow dotted line, which will show you a micro-neighborhood, and the property that you just plugged in, the address is always inside that yellow. And what neighborhood scout is trying to tell you is, okay, the greater neighborhood, maybe it's a mile by a mile, right? That's the typical size for a neighborhood. You know, one mile by one mile is this, and then your property is part of a micro-neighborhood inside of that. And how does it figure that out? What it does is, it looks at your property, let's say it's a single family home and it looks at the home opposite it and says, are these comparable? Okay, yes, they are. Then it goes another block, are these comparable? Yes. Are these comparable? Yes. Are these comparable? No. This is a completely different kind of unit. So it says, okay, those units are really not inside your micro-neighborhood. Something changes there. Something's different. Maybe they're really ghetto or maybe they're really brand new. And so the neighborhood quality changes right at this line. So that dotted yellow line is very important to me because the moment I see that dotted yellow line, I put it on one of my monitors and on the second monitor, I bring up Google and I go switch into street view and I drive around the edges of that yellow dotted line because I'm driving around the outside edges of the neighborhood that I'm investing in. So that gives me a feeling about that neighborhood. And then I'd drive the insights of the neighborhood, it's a micro-neighborhood, so you can on Google, I can basically drive it in about 15-20 minutes. It gives me a really good idea of what's going on in that neighborhood. Obviously, boots on the ground are better, I get that. But at this point, I've just received this property and I want to make a decision on whether I even want to, you know, spend any time on the property and this gives me that information. And Neighborhood Scout is very inexpensive. I think you can even get like Neighborhood Scout for 39 bucks a month and you get 10 reports out of that. So essentially for $4, less than a cup of coffee at Starbucks, you're going to learn an astonishing amount about this neighborhood. James: But I mean, end of the day, we want to get rent comps and so let's say the property they're looking at is within that yellow dotted line but there's not a rent comp and now you have to go out of that yellow dotted line, you would you look at your rent comp, how would you compare the rent comp that point of time? Because it's two different demographics. Neal: It definitely is, right? So there's an art and a science to the rent comps. Some of your rent comps will be inside the dotted line so there'll be good and some of them will be outside the dotted line. I think it's still useful because it's telling you where's your micro-neighborhood and where's your neighborhood? But normally you'll find that the vast majority of the time, the comps from the broker are not inside the yellow line and they're not inside the neighborhood. James: They are in one-mile circle radius. Neal: Exactly. And so people are like, well this is only a mile away; are you kidding me? I mean, in San Jose we have areas where the average home value is $1 million and half a mile away, the average home value is $400,000 right? And those are bad areas like really high crime areas. So everything can change in a mile. And I think what this neighborhood scout does is it allows you to basically firstly figure out if you should even be using that rent comp, right? So it might only be three-quarters of a mile away but Neighborhoods Scout shows you that your neighborhood, your property, the one that you're looking at, is actually just at the end of that neighborhood. So that neighborhood is ending right next to your property and then this is three-quarters of a mile away in a completely different sort of neighborhoods so you shouldn't go in that direction looking at rent comps. But another rent comp that the broker provides, it may not be in the neighborhood, but it's on the edge of that neighborhood, it's still only three-quarters of a mile away. But that one makes more sense because your neighborhood ends right next to that comp. So that comp from the broker actually makes more sense. I'm not saying that every comp from a broker is fictional, that's not true. A lot of brokers work hard on the comps. All I'm telling you is that out of five comps that a broker will give you, truly two or three are your neighborhood's comps. And this tool will show you which ones to pick. And then there's going to be a couple that are going to be, geographically speaking, still be in that one-mile radius, but they have nothing to do with your neighborhood and that this tool will allow you to basically ignore them. And then on top of that, obviously there's rent comp tools, there's you know, tools like Rentometer and a number of others. That four a five or 10 you know, dollar report. There's another one, for the moment, you know, also starts with the word rent. There are these tools where you paid $14. I remember paying $14 for this report, rent something and it gives me a report that is specifically about a single family and multifamily rents, right? Nothing to do with anything else, not demographics, simply about rents. And it gives me all kinds of rent criteria, you know, it gives me occupancy levels. Now I'm paying another 14 bucks and I've got rental information for my area, right? It's not giving me comps, it's basically explaining the per square foot rent. It's explaining how many units in my neighborhoods are one bed, two bed, three bed, those sorts of things so that I understand what the unit mix in that area is and if it's a good unit mix. So now I've spent $18 but I've gotten a huge amount of information. And what I find is people are unwilling to spend these $18 right? And syndicators are unwilling to spend these $18 and here's my message to you, right? As a syndicator, you only make money if your clients make money because they usually have a pref, right? So they're going to make money first and then you have to make money. You realize that on a 300 unit property if it does well, you can make $1 million or even 2 million and if it does really, really poorly, you make $0 million so you're paid less than the janitor that cleans that property. And it might be that the only difference and I know this is best case scenario, but it might be that the only difference between that 2 million bucks and not even making the janitor's salary, it might be those $18. Because you forgot that part. You look at everything else in the property and you fell in love with it and it had a beautiful pool and it had a beautiful clubhouse and it had a beautiful this and a beautiful that but you forgot to look at the demographics. Because one of the things I can tell you is some of the worst properties have the best looking clubhouses, right? So don't look at a damn clubhouse because they made it that good looking because they want to sell the fricking property to you and get out. James: Yeah, yeah, yeah. I mean demographic analysis and in some markets like what we're discussing right now, it's very, very micro. And how do you really decide the deal has an upside in terms of rent, that's why we look for in a value-add deal. Unless you're not buying value-add deal, you just want cash flow. Neal: Well, I think more and more of those deals, I mean more and more of the value adds are becoming cashflow. I mean, let's be honest here, James, nobody that I know of, no syndicator that I know of is able to drive up rents as much today as they were two years ago and certainly not as much as they were four years ago. So I think that true value add is becoming less and less available. Even the deals that are a full value add where we say, okay, we're upgrading 80% of the units, I get that, that technically speaking, if you're upgrading 80% of the units, that's a full value add. But I would challenge whether 80% of those units would receive $150-200 rent bumps. Some will, some won't. I mean the market is changing, the environment is changing. There's only a certain number of people in that neighborhood that can afford to pay that higher rent. And as you rehab more and more and more of the properties in that neighborhood, it becomes more and more and more difficult to achieve those rent bumps. So I think more and more people are doing light value add. At least that's where I'm seeing the industry moving to. James: Oh No. Even myself, I moved from deep value add two years ago to lighter. I mean, I still do value add, but it's no more the deep value add I used to do and just because I'm doing more agency loan nowadays, no more bridge loans19:47inaudible] Neal: I think that's really wise because we have to be cognizant of where we are in the cycle. And so I think you're doing the right approach because a lot of these deeper value add projects, there's another name for them and that is they're higher risk. James: And you also pay a premium for it, right? Neal: Yeah. Yep. Absolutely. James: Nowadays, the sellers and brokers, you know, you're basically overbidding the price up and you're basically taking the value away by paying more. Neal: Unfortunately that's the case. I mean, our company right now has three rules. Number one, everyone is overpaying. Number two, everything we buy, we've overpaid. And number three, if you don't find new ways of adding value to the property after we buy it, we weren't at our performance. These are our three fundamental rules today in everything that we do. And none of these rules existed two years ago. James: Got it. So coming back to the submarket analysis because I think you have talked about a lot of CT level analysis in lots of other podcasts so I don't want to repeat that again here. Coming to sub-market analysis, so let's say you're trying to prospect a market, right? So let's say I know you like Boise, Idaho, right? That's the top market that is. So let's say now you have Boise, Idaho, how do you go about prospecting within this city, right? How do you look at whether the deal, because the cap rate in the southern part of the city may be different in a certain part of the city, right? So how do you go about prospecting or do you just get the deal and start going? Neal: The true answer is that you know, several years ago I didn't have the kind of broker and partner operator relationships that I have today. My initial approach was to use a tool like city-data. I use a number of different tools, but neighborhood scout is my favorite, neighborhood level tool, city data, plus local market monitor, plus housing alerts, these three are my favorite city level tools. And then, of course, there's Costar. Costar is not just a demographics tool, obviously. Costar has a huge number of other benefits. The biggest benefit of Costar is supply. It understands incoming supply in the market, which as far as I know, no other demographic tools understand. Simply because Costar has these 50 Prius cars that drive around 50 US Metros on a daily basis trying to figure out all new construction that's going on and totaling it up and trying to figure out if demand is in excess of supply. And in many great neighborhoods, really good neighborhoods, demand is often not in excess of supply.That's because the neighborhood is so great that people are building 3000 units in a two-mile radius of you, which means that everything might be hunky dory now, but two years from now you'll be in trouble. So I don't have a cheap answer to give you when it comes to neighborhoods supply levels, really, Costar is the best option to look at supply and make sure that you don't end up in a market where you'll have 3000 brand new units, you know, delivering and they'll have, you know, two months off as concessions and basically tank your rents for a year. So that's my feedback on supply. Now away from supply, looking at demographic trends, you can do that analysis on a tool called city-data.com. So when I look at city-data, there's a map on city-data so you plug in the city. So it could be Houston, could be Columbus, could be whatever city you're in; it works better on midsize and large-sized cities. Doesn't work well on like a really teeny tiny city like Saint George. You're not going to get as much value out of that too. So let's say you're in Houston, right? So go look at, you know, scroll down, you'll see this very nice blue colored map of Houston and you notice something very unique. This is something I haven't seen in any free tools. That map of Houston is already broken up into bits. And you'll notice that some of the bits are really tiny, like half a mile by half a mile and some of the bits are big, two miles by two miles, three miles by three miles. And what city data is telling you is that that tiny little bit, everything inside that resembled everything else inside there, but that big one that's next to it, the two mile by two mile, once again, the same principle applied, everything inside of that two mile radius resembled everything else. That's why some of these neighborhoods are tiny, some are mid-size, some are large size. So what you're really looking at in that map are the neighborhoods in that particular city. Right? And if you click on any one of those little tiles, a box will pop up and that box will give you information specifically about that neighborhood. And there are five metrics in that box that I like to use. Now keep in mind if you pay for neighborhood scout for that particular address, you'll see more information than this, but obviously you're paying for that. If you want something for free here it is. That box, the first thing we want to see in that box is the income level in that micro-neighborhood, remember it might be like 400 yards by 400 yards. You want the income level, the median household income level in that neighborhood, you want it to be above $40,000, 38 is still okay in some of the Midwest states, but what I find is when you're down to 35 it doesn't matter where in the US you are, you're going to have delinquency trouble. So the median household income of 38,000 is the minimum acceptable level for multifamily projects. Obviously, this number has to be higher if you happen to be in San Francisco, it has to be higher if you're in New York. So I'm going to basically say the rule doesn't, that 38K number is really for markets that cashflow, right? So Texas markets, Florida markets, you know, maybe not Miami, but the rest of the Florida markets, that cashflow, maybe not central Austin. So understand what I mean by cashflowing markets. Here's what you'll see at 38K; when that number, the median household income in that box, when it starts going below 38 K, your delinquency levels start rising. And the true killer of profit is not occupancy. The true killer of profit is churn. And churn is tied to delinquency. Delinquent tenants, some of them do care about their credit, and so they just simply move out. They just leave a key and move out and they basically say, yep, you know, I'm going to skip and let's see if this guy's going to chase me. Because they know 90% of the time, it's not worth your while to chase them and try and get that money. You just move on. You rent out your unit, you move on with your life. And these skips and the delinquency connected with them, the repainting, the time that it takes, the marketing costs, the effort, the people time, kills your profit. And what I found is by the time you dropped from $38,000 in median household income to 30, the property and the project, for the most part, has become viable. I do not know of any syndicators that can make a profit in a neighborhood that is under $30,000. I've made that mistake myself. I haven't been able to make money. So to me, that first number that is an absolute is, go into a neighborhood that has the income to support what you are trying to do. Keep in mind, you're trying to raise rents, right? So even 38 is kind of borderline, right? I tend to basically use 40,000 as my minimum number. I have properties that are at 42 44 46; if you're in the fifties you're doing really well. If you're in the 60s then your property is getting closer to a 'B' and by the time it hits $70,000, you are in a 'B' area. So a 'C' area, one of the definitions, my favorite definition of 'C' area is 40 to 70,000 income, right? And a 'D' area is $30,000 and below. So 'C' minus is 40 to 30. And obviously, these are metrics I made up myself. You could successfully come to me and argue, no. In my area a C minus is not 40 to 30, it's 35 to 25 I'll just say, okay, that's fine. These are rules of thumbs that appear to work in the vast majority of the United States that people are investing. It may not work in your area, no argument, but I think that within the bounds of them being rules of thumbs, they do work really well because they allow me to understand the quality of an area. James: Got it. Neal: There are states that have lower delinquency. Utah for example, for cultural reasons, you can go a little bit lower than that simply because 10% of their income is going to the church, right? Everybody in Utah, very religious people, they contribute 10% of the church, which means that when they do get in trouble the church helps them out, right? So many times in Utah you can have lower delinquency even in markets that are under 35K. So that's a cultural issue, a cultural benefit that they have, but it doesn't necessarily apply to most parts of the US. So that's the first thing that comes up in that box. Remember, we're in city-data, we're looking at the blue map. We're looking at the tiles and we're clicking on them in a black box comes up. Well, the first thing there was income. The second thing that comes up on that box is the poverty level, right? It's very much tied back to the income. And poverty level, you want to be below 15% as much as possible. If you can be below 10%, you're going to do really well, but 15% I think is acceptable. And if you don't mind taking more risk, if you're in a noose indicator and you really need to get going, then maybe 20, but I can tell you if that number is 30, you can't make money. It doesn't matter how high the rents are. It doesn't matter how many units have been bumped up by the previous guy and they have $200 in rent bumps and 300 and all that wonderful stuff, it doesn't matter. At 30% poverty levels, you cannot get 12 consecutive months of rent from your tenants. James: So do recommend, I mean, I know that's the job of the active sponsor when they find deals, right? So even the passive investors should go and look at deals... Neal: Why not? Everything I told you, if you, you know, take this podcast and it's going to be on James' website, you can go to Florida or whenever the heck you feel like. Right? So it shouldn't take you as a passive investor more than 10 minutes, the rule still applies. And keep in mind that a lot of class 'C's are going to be borderline on this so don't expect that good syndicators are really buying properties at 5% poverty levels. 5% is not a good deal; at 5%, that's a class A area. And your syndicators not going to make you any money, so there's no problem with it being borderline. You just don't want it to be too far from these numbers that I'm giving. James: Correct. Correct. So let's say you get a deal today on the neighborhood that meets all your criteria, right? Poverty level, household income and all that, so how would you go about underwriting that deal? What's the first thing that you will look at? Neal: Well, I look at the numbers, the same demographics numbers to determine what my delinquency numbers are going to be. Because I find that I can raise a property's occupancy so there are certain levers that I have that are typical syndicator doesn't have. Syndicators don't have marketing teams, right? Syndicators basically have a property manager. That property manager might be good at marketing or bad at marketing. They're typically bad but they're never excellent, right? So we basically decided early on that that extra value add that we have to add in that no one else is adding in, is marketing. And by marketing, I don't mean investor marketing, I mean tenant marketing. So for every property that we have, we're actually adding more leads on top of what the property manager is generating. For some properties, it's 30% more than they're generating; in other properties, it's three times more than they're generating. So they're generating a thousand leads a year, we're generating 3000 leads a year and giving those leads to them. So I can basically move occupancy numbers up, you know, and I'm very confident about those. So I go back to delinquency. So I look at the delinquency of that particular area. Obviously, Costar gives you delinquency numbers, so that's very good, useful information to have for that particular neighborhood. The other thing that I like to do is, and this is not always available, is you can get bank statements from friendly sellers. Not every seller gives it to you, but some do. And one of the nice things about the bank statements is that some property managers, previous property managers have basically put all the money in like in one check. But most of them actually put the money in like every few days. So they collect the checks and then they go to the bank every day or every other day and they put the checks in. So to understand what the quality of the tenant basis and what they're capable of absorbing in terms of rent hikes, simply look at the checks to see how much of the money is coming in in the first five days, how much of it is coming in the next five days, how much of it is coming in the five days after that? Then the five days after that, then the five days after that. They might be saying that my delinquency rate is 2% but what if their delinquency rate was 25% on the 15th of the month? Well, that area, that kind of area where you still have 25 30% of the rent hasn't come in on the 15th, you have to be careful about not being over bullish on how much you can really raise the rents. There's a limit in that market, right? It may not be $200, it might be $120 that you can raise. And accordingly, you want to also cut down on your rehab budget. Because your rehab budget can be 6,000, it can be 8,000 give me 12,000 but in an area where you know, overall income levels are low, let's say 38,000, and you can see that 20 30% of their tenants don't even pay until the 15th, I'm not sure there's any benefit to doing a $12,000 per unit rehab. I'm not even sure you want to do an $8,000 per unit rehab. I think six or four might be better. Rehabbing does have benefits. The velocity at which your lease increases tenants, like the newer units, but beyond a certain level, it's not that they don't like the units, of course, they love it, they're just not able to pay for it. And when you don't want to end up in a situation where the tenants, all of your new tenants that have come in, those are the guys that are becoming delinquent because really their capability was to get $850 a month units, but they're all in the thousand dollar upgraded units. And so now, all of your upgraded units are the ones that have very high delinquency so when I'm underwriting, those are the sort of things I'm looking at. James: Got it. Got it. Yeah, it's very interesting to see delinquency and you say Costar has the delinquency data? Neal: Costar has neighborhood level delinquency data. Yeah, some market levels. So you can basically go in. That very long report, that's like 86 pages, it has averaged delinquency for a particular market. I'm not sure how they get it. No, I have no idea. But what's nice is they also have expense data, right? So they have expense data. Obviously, you talk to property managers about expense data as well but Costar gives you, you know, kind of the average expense for the submarket, the average payroll for that particular submarket. I find that people trying to beat the average payroll by 20%, it's wishful thinking. James: Yeah. How do you differentiate delinquency between the property management's skill versus real delinquency for the area? Because it could be just the property managers are not doing a good job, right? Neal: I think so. So one of the services that we provide on in properties that have higher delinquency, sometimes we have operating partners that don't want to do it but most of the time we do it is we make my staff, our staff, not the property management staff, will make delinquency calls on the sixth or seven. So we don't do it all the time, we don't want to do it. But let's say the property has consistent delinquency problems, consistent; one of the ways to figure out the answer to your question is, is this a tenant problem? Is this a PM problem? Hire somebody, give them a script, have them call every tenant that is not showing as having paid by the sixth of the month, make three phone calls, actually make two phone calls and two text messages on the sixth and the seventh. Repeat the process on the 10th and the 11th. If you do that for three straight months and your delinquency is still high, it's not a property manager problem. James: Well, you find that out after the fact, after you bought the property. Is there any way to find before you buy? Neal: Well, other than the demographics information I gave you? No, not really because the truth is that it could still be a tenant-based problem. But it could be that the previous owner was self-managing the property and let a bunch of deadbeats that should not have been in there. That in my mind is a management issue but not a property manager issue and that's also an opportunity. You bought this property because you think rents can be at 1100 with low delinquency. Right now, they're at 900 with high delinquency. Maybe the guy just let in a bunch of deadbeats so you can ask for credit reports of the last 25 people that have been put in, what was the actual credit report? Some owners will give it to you, some won't. If they're not giving it to you, you have to question yourself why that is the case? Was he just basically trying to just fill up the property? And, in that case, it's not such a bad thing. You just have to know that when you go in, you're going to have a lot of evictions to deal with. But in that case, it's not a tenant base problem. It's not a property management problem. It's a previous owner problem and you are going to benefit once you churn through all those bad tenants, you're going to have four years of good tenants in your property so you can still hit your performer. You just need more maintenance budget, you need more operating budget and you need your investors to be a little bit more patients because your first 12 months are going to be very rocky. James: Yeah, absolutely. I'm sure you've seen a lot of financials when you're underwriting a deal, right? So is there any dirty secrets by sellers that you have found from the financials or when you walk the unit and see, aah, they are tweaking these numbers here to make the property more appealing to the buyer? Neal: I mean, everybody has their own stories about these financials, right? So the one that I find that is fairly common is that you're going into a property, you want to be able to tell during your due diligence, don't do this during their contract negotiation. But during your due diligence, you basically call them and say, hey, we'd like to talk to a bunch of your tenants. And you randomly, always pick a bunch of tenants to talk with and make sure that there's nothing shady about their rent. So you have a tenant that's at $900 and everybody else is at 800, let's pick that tenant and let's talk with him. Let's make sure that there isn't some side deal where that tenant actually is paying 900 bucks and is being reimbursed $200 in cash. James: Has that happened? Neal: that has happened; not in a 250 unit type property, but in a 70/80 unit property. Basically, what had happened was all the new tenants that had started in the last four months, were all receiving cash back, right? I think there were 12 tenants and between them, $2,400 a month of artificial rents were created, which is $2,400 a month is $30,000 a year, $30,000 a year at six cap is basically $480,000. So that $480,000 for the seller was created by him negotiating direct deals with those 10 people and giving them $200 kickbacks. So his cost was 2,400 a month for three months and his profit was 500. James: Wow. I never heard that. That's really sneaky. Neal: Very sneaky. But you think about how much of an incentive that guy has to do it, right? Technically it's not illegal, by the way. James: It's not illegal? Neal: It's not illegal. He has to disclose it to you that there's a side arrangement, but you can't actually send somebody to jail for this. I mean, you can't sue them and win, in my opinion. James: You can't say it's a fraud? Neal: I think you can. I think that that's going to be fought over in court. In my mind, it's something that you should basically, in due diligence, if you look at higher numbers, make sure you talk with those tenants. It doesn't take that much time; during due diligence, you're at the property for multiple days. Right? Why not have conversations with four or five people and make sure everything's above board. Say, hey, we were looking to buy this property and just checking your rental contract and it shows $900 a month, is that correct? And if there's anything shady, that guy is not going to fall on his sword for the previous seller. James: Yeah. I mean, I've done all the due diligence for my properties. I never talked to the tenants. Do they allow to talk to the tenants when you are doing? Neal: Usually they do. I mean, obviously, they won't allow you to talk to a hundred tenants, but if you randomly pick three or four, they do. It's just not something that people ask for commonly, but there's no reason for them to have an objection. So that's one that I've seen commonly. The other one that I've seen commonly is that everything that you're looking at is actually coming out of the property management software, not from the bank statements. So you look at the property management software and it says $111,000 in monthly rents. But when you look in the bank, it's just 88. So what they're doing is basically they're not allocating for bad debt properly. And they're saying, oh, I'm sorry, this the way that our property management, Blah Blah Blah Blah Blah software works. What they're trying to basically say is, Oh, I'm sorry you caught us, but we're going to try and explain it away as some idiosyncrasy of the way our property management software works. But you know, yeah, we didn't actually make 111 that month, we only made 88,000. So I think reconciling bank statements to what the property management software says, is very useful. They may not be trying to screw you over or anything so the difference may not be 88 to 111; it might be 88 to 91 but it still shows delinquency in that property. James: So have you had any of these cases and you backed out of the contract? Neal: Yeah, I have. James: Okay. It's also tricky nowadays, in the hot market nowadays because people are paying day 1, hot money. Neal: It's very difficult. That's what scares me a lot. I mean, you pay hard money and then you find something where they've tricked you. The only way to get that money back is to sue them. James: Correct. Because people are paying like in a hot market... Neal: Even $200,000. I mean, it's ridiculous. I mean, that tells me that something is wrong. In my mind, there is no conceivable reason why anyone should pay $200,000 hard on day one. This is all frenzy that has been created by brokers and it's a sign of an unbalanced market. There is no reason why that should ever happen. James: Yeah. Yeah. I mean they do have something called early access agreement where you can go and see the rent roll and all that, but you can do a thorough due diligence. Some sellers allow it, but nowadays, even that nowadays they don't allow. Neal: Well, in my mind, James, I mean, if that is their intent, why don't they just say, okay, well we'll go hard on day five. When people want you to go hard on day one, there's no way to tell if they are doing it because they are unethical or simply because they weren't, you know, somebody who has enough skin in the game and enough confidence in his ability to close. The majority of the time, the reason is perfectly legitimate that they want you to close and so they want you to go hard on day one but I don't think that that's the reason 100% of the time or anywhere close to 100% of the time. James: Awesome. Yeah. It's a bit scary when you do day one hot money. So coming back to value-add, I presume all the deals that you're doing is value-add deals, is that right? Not a deep value-add or not completely. Neal: I have some deep value-adds but a lot of them are, you know, standard $6,500 type value-adds. James: So what is the most valuable value-adds that you see? Neal: Oh, it's easy. The single most valuable value-add are USB ports. One in the kitchen and one in the bedroom. So of all value adds, nothing comes close to that. James: Really, especially just because everybody needs a USB. Neal: Because everybody that comes in comments on it, right? So everybody that comes in comments on it and this is one of those universal things where men and women comment on it equally. And the better value add is, you know, these days, the wall plates, right? You get the wall plates with a two USB ports, correct? So if you wanted to really wow people, the new USB Dash C standard, pay $4 extra for one that has two standard USB ports, but the one in the middle is that new USB Dash C. So I think those are incredible, incredible value adds; they give you a hundred X return. James: Awesome. Awesome answer. That's absolutely helpful. So now let's go to a bit more personal side of questions, right? So why do you do what you do? Neal: The truth is I fell into it, right? So this hasn't been a conscious thing. I did technology. I started doing real estate because I was paying 50% in tax. So basically tax avoidance was the primary reason why I fell into real estate. But I think the bigger thing was that on the technology side, when I had W2 income, you know, many years I made more money than I made in real estate but I always felt nervous. It's like when you have $150,000 salary, you're always nervous about your position. Like, I always have to perform, I can never have a bad year, right? Because they might start thinking, well, we could hire two guys for 175 k each and get rid of this guy, Neil. So there was always that nervousness about not being in control of my destiny. And I don't feel that now. It doesn't matter if I have a bad year and I only make a hundred grand, but I still have control of my destiny and always make it up next year. So to me, I think it was less about ownership and more of our control over my destiny. James: Okay. But you will keep on buying deals? I mean, is that what your plan is? I mean, where do you want to stop? So what drives you to bite the next deal Neal: In my mind, what drives me is that I still feel like I'm creating value in each additional project. I'm finding some way to make those projects work. I'm contributing and I'm making investors happy and also, you know, increasing my own net worth. Will I keep doing it? No. I think that truth be told, I mean, I admire people like JC Castille who just love it so much. He says, Neil, I'm going to be doing this for 30 years. And I said, if I know one thing for sure, I mean you're very sure about what you just said JC, I met him recently. I know for sure I won't be doing this in 30 years and I know for sure I may not even be doing it in 10 years. I mean, to me, I think that life is an evolution and I don't mind telling my investors, look, I'm going to do this for five to 10 years and then I'd like to do something else because my career is very diverse. I've done solar education. I've done basically businesses around nursing. I've done high technology; like three different kinds of high technology, staffing, consulting, education services. I've even been a primary investor in a gas station. I'm an entrepreneur and what that means is at some point, I want to create the systems and processes so other people who are smarter than me can continue running the business forward. And so my most coveted title is not founder and it's not CEO, it is chairman. And so the longterm goal is that at some point, I want to switch to doing that. But I would not hesitate to shut down the business if I didn't feel I was adding value. This business only survives when it adds value if it doesn't add value, making it or forcing it to survive makes it a parasite. James: So when you say add value means, add value to your personal life? Neal: Add value to my investors. So by default, I don't say add value to my personal life because if I add value to my investors, the adding value to my personal is automatic. It happens by default, right? So to me, the only kind of add value that we should be looking at is adding value to our investors. And if it doesn't add value, we'll do something else. It doesn't mean I'll go out of real estate. You know, one of the things is I'm a very unusual syndicator in that half of my projects are new construction. And the project that I'm coming out with this week is called The Grid. It's a $30 million student housing project, new construction. And so why? Because as the market shifts and Class C properties become so expensive that everyone's buying six cap on actual or five and a half cap on actual, then in the back of my mind, I'm going, well, you know, I can make a brand new class A for seven cap. I know it's risky during construction, but let's say I get through the construction phase, isn't it less risky? Because at this point, you know, maybe it's not seven cap, maybe six and a half cap, but don't I have a six and a half cap, Class A building? What's the worst that could happen? Do we have a recession after dropped rents? So what? It's still a seven cap building and it's a brand new. That part of it is not going to change if I can't raise my rents. So I look at that and I go, you know, there's this whole business of buying Class C's at five and a half cap is scaring me. James: Yeah. I was talking to a broker the other day. He was trying to get me to buy a 1960s product at six cap. He says Austin is good now. Then I say what about the B class 1980s? Oh, it's like five and a half cap rate here. I'd rather buy the five and a half cap than buy the six cap; doesn't make sense, right? Neal: I agree with you. And honestly, you should not be, you know, between a B and a C, if there's a half gap difference always, by the B. James: Yeah. Yeah, exactly. So is there anything that you do in your daily life that you think has contributed to your effectiveness in becoming very successful? Neal: I think structure. I'm a robot that has some human, characteristics and I like being a robot. I am extremely structured, absolutely structured, all the time and I feel that it's difficult for people to tie themselves to structure. That's a very hard thing to do because we feel like we are losing something about ourselves. We feel like we're losing a part of our humanity. What I have found is that it's actually the reverse. I'm very structured. I start my work, I work with an extremely high intensity and then I stop and when I stop, I completely stop. I have nothing to do with work because I make sure that every second of those 11 hours or 10 hours that I work really count. And to me, I think that that makes me have a significantly greater output than some other folks. James: Got It. Got It. Any advice for newbies who wants to start at multifamily? Neal: Yes. Right now be careful. Please understand that while there is no crash on the cards, I don't believe in all this nonsense about, you know, prices going down 20%. People say that they clearly don't understand macroeconomics, but you are buying at the peak. This may be a peak that is sustained for a significant amount of time, due to the fact that basically, it's very difficult for prices to come down because of macro reasons, but you certainly not going to see the kind of all ships rising effect that we have seen in the last five years. You're starting now, please do not apply the past to your present. This is a tough time. It's going to be very hard. If I was starting today in 2019, the 2013 version of me would advise the 2019 version, not to start. That's how frank I have to be. If you're starting that's fine, but I think you should be cautious and be aware of what kind of environment you're in. James: Got it. Got it. Well, Neil, thanks for coming to the show. Can you let the audience and listeners know how do get hold of you and how to find you? Neal: Sure. I think the best way is through education. I'm an educator, I connect with people through education. I have a portal called multifamilyyou.com. We have about 50 webinars that we do every year on multifamilyyou.com. We archive all of them. They're deep dive webinars. They're very different from podcasts because there's a lot of displayed content and tens of thousands of people attend those webinars each year. So that's probably the best way to connect with me. I don't mind people having my direct email address. My email is Neal, that's the Irish spelling, n e a l neal@multifamilyyou.com. So you connect with me. I also connect with people on Facebook. I think about 10,000 people connected with me on Facebook. And then multifamilyyou.com. If you want to learn more about demographics, I have a free course. It's at udemy.com/RealFocus. That course, I think right now has about a thousand people enrolled. So it usually has 1,000-1200 people enrolled at any given point in time. So that's also a completely free course. We don't believe in pitchers, if you're a presenter and would like to present our platform, approach us, but it has to be pitched free. James: Awesome, Neal. Thanks for coming and adding huge value to our audience and listeners, I'm sure everybody would have learned a ton of things today. Thank you. Neal: Thanks so much. Thanks for having me on the show. Bye, James.

#68 The best real estate resources for investing that I've found all under one post. With so many great free and paid resources, it needed its own show. Free Investing Workshop: www.FreeInvestorWorkshop.com Cozy: https://masterpassiveincome.com/cozy Roofstock: https://masterpassiveincome.com/roofstock Rentometer: https://masterpassiveincome.com/rentometer CIT Bank: https://masterpassiveincome.com/bank Form an LLC: https://masterpassiveincome.com/formanllc  Blue Host with $4 off: https://masterpassiveincome.com/bluehost      

Single-family homes are today’s hottest rental type - both Realtor.com and John Burns RE Consulting agree. Boomers don’t want the responsibility of homeownership, and also don’t want to live in an apartment. This makes SFHs the hottest rental. Rental demand has shifted to basics: affordable, fewer amenities, better school districts. Suburban markets should see the concentration in future growth. Seth Williams of REtipster.com joins us to discuss the best real estate investing websites and apps. We also discuss self-storage facilities. Apps and websites: DealMachine helps you find deals. DealCheck helps you analyze deals. TenantCloud helps you self-manage rentals. BombBomb is a video e-mail service. Trello and Slack for workflow. Blinkist condenses books. RentOMeter estimates rents. Dropbox and Google Drive manage files. Evernote stores notes. DocuSign for digital contracts and signatures. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Seth Williams: www.REtipster.com seth@retipster.com Article: Hottest Rentals Are SFHs Website & Apps Discussed: DealMachine DealCheck TenantCloud BombBomb Trello Blinkist RentOMeter Dropbox Google Drive Evernote DocuSign Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

This (9th) Episode of the [... and Landlord] Rental Real Estate Investing Podcast is titled "Rental Property Advertising - How To Make Your Rental Home Stand Out From The Crowd". So in this episode, I go into things such as posting enticing pictures (lots of them), and making sure that your main exterior and kitchen (or kitchen and living-room) pictures are amazing. These can be taken with a SmartPhone, but you need to know what you're doing and have proper lighting - otherwise, go pro and just pay to have it done right. You can stage the home with some furniture and decor, or showcase your wide-open space - but the pictures have got to be on point. I continue to say a word on your words... Yes, a picture is worth a thousand, but you still need some, and they need to paint a compelling picture. So I give an example of how to tell a story with your listing text, instead of just citing bland facts and figures - like all the other rental listings on Zillow and other sites. And I mention Zillow, Trulia, HotPads, CraigsList, Realtor.com - and other sites, including GoSection8.com. Have you considered Section 8? In this Episode I go into a bit of detail as to why you should, including some stats on the program for Durham County, NC. But I don't tell the full story on Section 8 here (only how it relates to making your rental listing stand out from the crowd) - so in a coming Episode, I will go into more detail on the pros and cons of making your rental homes available for persons with Section 8 vouchers and the process for doing so. I also provide an example of how to conduct market research on Zillow to learn what the competition is like in your area. And how to use the information presented on Zillow to identify how best to stand out among others listed. And even what your target rent should be as suggested by Zillow, CraigsList and Rentometer.com - but possibly adjusted to target Section 8. Upgrades? Lastly, I speak on how you can make your rental home stand out from the crowd by making upgrades. Why have fermica counters when you can have granite? Why carpet when it can be "luxury" vinyl plank? Why have white appliances when they can be stainless steel for not much more? Why not add fans in the bedrooms and living areas, upgrade light fixtures, add a backslash in the kitchen, tile the shower, etc...? If you can make people say "WOW!" when they see your listing, and feel a sense of disbelief that it is available within their rent range... You'll get the best tenants; who remain for years; while gladly accepting annual rent increases; and having pride in the home - of which they take great care. This 9th Episode ("Rental Property Advertising - How To Make Your Rental Home Stand Out From The Crowd") is a deep(er) dive into the rental advertising aspects of last week's: Ep. #8 | Don't Let Vacancy Kill Your Rental Cashflow. So as mentioned in Episode #8, your rental listing advertising is a critical element of keeping vacancy to a minimum. Now learn how to make your rental home stand out from the crowd, like your house has a spotlight shinning on it from above.

Jerrid Anderson, Vice President at the Colliers International Seattle Multifamily Team, stops by to talk with us about his background and learning as a landlord (4:37), key indicators to look for in the rental market (19:07), how fast the market can shift and why it does (30:08), different valuations of a property by different buyers (38:16), and where he would invest his own money in the current market (44:40). Under One Roof is presented by Rentometer.

Getting started is the most important step.  You can plan all you want but until you start, planning is futile because everyone finds that the plan needs constant tweaking. Begin with a budget:  There is no such thing as a free lunch.  To build any business a financial investment is required at some point. Below is a list of some of the things to be considered when writing out a budget.  This is good practice for once you have an asset to manage. Typical Expenses: Direct Mail - how many pieces? letter, postcards, cards, etc.  There are many schools of thought here, but remember that as the saying goes “Everything works, nothing doesn't”.  To me this means that we must take action on getting our word out there so people know what we are looking for.  We need to use our marketing to educate the marketplace on our needs in regard to money, deals, team etc. Business Cards-  People spend a ton of time getting caught up on business card designs.  My best advice is to keep it simple and remember that the purpose of a business card is to provide someone your contact details.  Don’t try to make it something it isn’t (a billboard).  You should use your meeting with the person you are providing the card memorable enough to make a billboard unnecessary. Bandit Signs / Other Signage - depending on your marketing strategy, these may or may not be necessary.  Regardless, prepare for many of them to get stolen or confiscated by code enforcement, therefore budget for replacements. Facebook / Instagram / YouTube - Google Adwords - A good ad agency should be able to help you determine the budget for ad spend.  Take their advice, this money isn’t going to them, its going to Facebook. Entity Creation (only if deemed necessary) DIY or Lawyer?  I vote to use a Lawyer, BUT not until you actually NEED an entity.  Don’t get sucked into elaborate asset protection setups when you don’t have any assets to protect.  It would be a shame to set up a structure only to have to change it later.   Equipment / Supplies budget (think minimalistic) Laptop, cell phone with wide angle camera lens, don’t go crazy here and keep it simple.   Virtual Tools: It’s easy to rack up a small fortune in outbound recurring payments with all the services available to us these days.  Carefully examine the necessity and value of a specific service before shelling out your hard earned money.  Some great tools are:   Rentometer.com/Pro RealEstateTools.com CallRail.com Investor Fuse RealtyJuggler.com Mojo Dialer Mailchimp Constant Contact Drip Active Campaign Clickfunnels   If you setup your spending ahead of the actual spending you will be better able to focus on building your business and not having to worry about money as much.  Taking the time to write out a solid budget and then sticking to it is most likely the most important thing you can commit to as a new investor.   Lastly, DO NOT build your business with a credit card!  

Today's episode is supported by our friends at Rentometer. Rentometer is your source for up-to-date rent information anywhere in the U.S.; double-check current rents or research property investment opportunities. Rentometer has a Free Trial that gets you immediate access to all their PRO features like zip code and Neighborhood searches, and their Google Street View integration. Check out rentometer.com/pro. Now...let’s get to it shall we? Reliable tenants make life a lot easier for a landlord. Taking steps to keep yours will save you a lot of money and headaches in the long run. The national average cost of turning over a unit after a tenant leaves is $2,500. Reliable tenants make life a lot easier for a landlord. Taking steps to keep yours will save you a lot of money and headaches in the long run. The following tips will help you hold on to your best tenants. Keep them in mind to make your job significantly less difficult. Respond Promptly Don’t drag them out hoping the situation will correct itself because it won’t, address issues swiftly.  Be sure to provide all tenants with multiple contact methods to reach the property manager.  A professional management team should be easy to reach. Make Upgrades Tenants want comfortable homes. Set it up so they take mental ownership.  If you are a slumlord, you will be treated as one. Certain additional amenities, such as parking spots, pools, and fitness centers have also been shown to dramatically boost tenant retention rates. Consider Rewards Management companies that implement rewards programs don’t merely keep their best tenants: they also attract more quality tenants when filling vacant units. Rewarding good behavior shows you value your relationship with the building’s occupants. They’ll appreciate the gesture and be much less likely to move out as a result. Reach Out Early for Renewals Don’t wait until the last minute to contact tenants about renewing a lease. Contacting them 90 days ahead of time is smart for several reasons. First, it gives you more opportunities to learn if certain factors are making them consider moving out. That means you can address those factors beforehand. If there’s nothing you can do to convince a reliable tenant to stay, reaching out early at least gives you more time to find an equally good replacement tenant quickly. Train Everyone Accordingly Do you have several staff members? Making sure they treat tenants with the respect they deserve is just as important as making sure your own behavior is respectful. Train all staff members accordingly. When someone besides you interacts with your tenants, you want to know they aren’t making the wrong impression. Charge Fair Rent Tenants don’t want to spend more money than they have to on rent. As a landlord, make sure you’re constantly researching average rent costs in your area. Charging a fair market price is key to avoiding turnover. All landlords know reliable tenants aren’t always easy to find. If you already have them, you want to do everything you can to keep them. These tips will help.      

In this week’s episode, I interview Brett Burky from Paperstac about exactly How To Buy a performing or non-performing note for investment.  Paperstac.com is an online platform that helps note buyers and seller connect and complete note investing transactions online. During this episode, Brett discusses how the Paperstac system works as well as the many benefits to both buyers and sellers of notes.  “Back in the Day” note investing wasn’t a very efficient process.  The industry was essentially closed to the “little guy” and was a playground for the corporate banking elite.  With services like Paperstac, the average person can go online, research an investment opportunity, have the ability to fully screen the investment and make a purchase all from the comfort of home. The service adds much-needed transparency to the note buying and selling business, while making it easy to complete a transaction.  Being able to verify data is a critical requirement for any investor in order to help them make logical decisions with their investment capital.  You can also use services like our sponsor Rentometer to verify rents of properties found on Paperstac which will help you accurately underwrite each opportunity and establish exit strategies that make sense. When we consider buying a note secured by real estate, we look at the asset’s feasibility as a rental in the event we wound up with the property and decided to keep it as a rental.  Rentometer allows us to see the current rent amounts in the area where the property is located.  By using the Google Street View integration included with the Rentometer service I can quickly see what the neighborhood rentals look like and get a good feel for the area I am buying into.  Be sure to visit Rentometer.com/Pro and sign up for a free trial today!

We're sitting down with Chelsea Hicks, an attorney with the Northwest Justice Project, for this week's episode. We talk about the origins and background of NJP (1:20), whether courts are more pro-tenant or pro-landlord (22:31), new financing and resources becoming available to remedy the housing problem through corporate donations (37:32), accessible programs for low income renters (44:26), the merits and drawbacks of housing vouchers (58:09), and some of the larger impacts of homelessness on the community (68:57). Under One Roof is presented by Rentometer, your source for up-to-date rent information anywhere in the U.S.

Setting the rent amount for your property can be a daunting task, in fact one small mistake can cost you a year or more of lost rental income.  There are many methods available to determine what fair market rent can and should be and in this episode we cover several of the most popular.    5 ways to set fair market rents Stay Current with economic and business conditions in the area:  Knowing what is going on in your market will serve you well, for instance, in my small town developers are building a large multi family development.  Its my feeling that in the short term this could increase rents as the developer fills up newly built apartments.  the down side of this is that during a recession, the larger apartment communities are often first to drop rents in order to maintain occupancy levels.  Soon, small investors follow suit which I am not keen on. Use Rentometer and Craigslist to stay up to date on comps:  our show sponsor Rentometer is our go to source for finding comparable properties that have been rented recently.  By using factual historical data we glean a good picture of what’s happening in our local market.  What I like about Rentometer the most is the ability to separate the results based on whether the property is a house or an apartment.  I find this very helpful in determining a more accurate result. Talk to property managers and appraisers:  These practitioners are a valuable resource because they are immersed in the rental arena every single day.  The rental amounts they give are often conservative, in order to make it easier for them to rent your place out.  I usually add a little to what they say to arrive at a more reasonable rent amount that allows me to also properly maintain the property. Section 8 Rental Amounts:  I know what you are thinking..”NO WAY” but I am here to tell you that Section * rents are often above market rents in many markets across the area.  This is a great data point to use to show a tenant that your rent is fair if slightly below Section 8 standard rates.  To find the rates for your area, visit your local housing assistance office and even better, have your property “Section 8 Qualified” to obtain a more accurate figure.  My personal belief is that these tenants can be a hassle free solution to many landlords provided they are good landlords that take good care of the property and better care of the tenants.  if you treat any tenant poorly, you can expect a less than satisfying relationship so simply be good to your tenants Check statistical resources: Markus Millichap, etc, look at for sale listings of like kind properties that often provide demographic data.  I often look at listing on loop-net and from deal sourcing that my team does to see what research the brokers have done to determine the fair market rents.  Even if they embellish on the rents, they will often include their data source which allows my team to use the same sources, even if we come up with a different end result that is more accurate.  

First, get over to Rentometer.com/pro and get signed up today to learn about what is happening in YOUR rental market. As landlords and property managers you have many things you are responsible for when it comes to your property. There are some things that fall under the care of your tenants. Here are seven things that tenants are responsible for when it comes to maintenance within your property. Note:  I am not a lawyer and the items mentioned are not necessarily required by law. Mold prevention If there is mold on the property caused by a faulty water line or plumbing you (as the landlord) are responsible for any mold that develops from those conditions. If, however, the mold occurred because there was not proper ventilation in the bathroom while your tenant was showering, they are responsible for any mold or mildew.  Likewise leaving piles of damp and dirty clothes in a corner can also lead to mold or mildew that the tenant is responsible for cleaning up. If mold or mildew occurs on your walls or furniture because of poor ventilation it is up to the tenant to clean it off. Bugs When a tenant moves in it is up to you to have the house bug and pest free. Once they have moved in it is your tenant’s responsibility to keep it that way. If your tenants have poor hygienic conditions which cause pests they could be held responsible financially for ridding the house of the pests. This is something that you want to be sure is in the lease before anyone moves in. Painted walls If you are planning on letting tenants hang pictures or other objects on your walls you may want to specify in the lease how you want those holes repaired when the tenant moves out. They are responsible for taking care of the walls however they may think that patching them is enough. In my units, the lease states that the repairs must be made to the satisfaction of the property owner or my representative.  This means painting walls to match the current colors also. Prompt Notification For things that tenants are not responsible for it is up to them to contact you in a timely manner. If they do not contact you any other damage caused by the original problem can be deducted from their security deposit. You need to make sure the lease specifies what you consider a timely manner. Also if your tenants cannot get a hold of you they may repair the problem and expect a reduction in rent for the month or their money back for any repair costs. If you do not want your tenants making repairs you must specify that in your lease also.   Garbage You must decide if you are going to pay the waste disposal fee or if you are going to include it in your tenant’s rent. Either way, they are responsible for disposing of garbage on the property. It is important for hygienic reasons to maintain adequate garbage control. Make sure you let your tenants know when and where to dispose of their waste products. Lawn Work If the lease states that lawn work is the tenant’s responsibility then any ordinances that they violate will fall under their responsibility. They must take care of any landscaping needs and make sure the property is free of hazards. If they want to plant a garden, they must make sure it does not violate any state or local ordinances.  If the property is fined because of failure to maintain landscaping your tenant will be responsible for paying the fines. Septic systems You must include a clause in your lease regarding your septic system. Proper maintenance will help the system last a long time. If the septic system is damaged because of roots or other natural causes it is your responsibly to take care of the maintenance fees. If you have listed items that should not be put into drains and listed them in your lease and your tenant has ignored this list it will be the responsibility of your tenant to pay the bill for any damage caused to your septic system. Any damage to pipes or other parts of the system caused by pouring things down the drain that were not supposed to be there or hair clogs is the tenant’s responsibility. As a landlord or property manager, you need to be aware of your rights when it comes to repairing things around your property. Including maintenance items and preventative measures in your lease will help to draw the line when it comes to repairs and upkeep for your property. Be sure your tenant knows what is expected of them before they move into the property.  

I've said it once and I'll say it again: you have to know your numbers to be successful in this business. Here are the 12 most common mistakes I see investors make when beginning to analyze a deal: Taking too long to get to the deal itself; they're usually too afraid to “pull the trigger”. Learn how to do the numbers quickly so you don't lose deals to time. After talking with the seller, you don't double-check the numbers they give you for any potential rehab. Most sellers have good intentions, but each part of a deal is subjective to the respecting party. Always check the numbers. Don't do the math using a pencil. If you're working the numbers and think it's a good idea to fudge the numbers, it'll be your own money you flush down the drain. You have to be a straight-shooter every time. Never overestimate a property's rental potential. There are great websites, including RentoMeter.com, where you can check the local rents. Another great option is to call local property managers and ask them what they would set rent at for that particular size of unit in that area. Don't overestimate the “as-is” value of the property. This is the value of the property today in its current condition, and many investors estimate higher than the market actually calls for. Don't get “bogged down” in the process. Look at the property and analyze it quickly so you know exactly what path you're taking with that deal. Why is the seller selling that property? You need to know what they're going to use the money for and if they're truly motivated. You need to understand what equity is available in the property. Underestimating the time it takes to purchase, renovate, and either sell or rent out the property. Don't skip analyzing the deal just to throw cash at it. What's the point of throwing cash if you don't understand the deal as a whole? Hiding behind the analysis and become afraid of pulling the trigger and taking action. You don't know how to negotiate a good deal or how to communicate effectively with the seller. Don't forget to visit us at LarryHarbolt.com for all your real estate investing education needs. Good Luck and Happy Investing!

Welcome to episode 43 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s podcast, where Jefferson walks Robert Nelson through the math and money behind purchasing his first mobile home park. What are some telltale signs that Robert needs to look out for? Find out today!   Key Takeaways: [1:45] It’s a good thing Robert’s first prospect park is not listed in the yellow pages. [3:05] Jefferson is now looking up on Google Earth where the nearest Walmart is. [7:35] Jefferson talks about a red flag he just spotted with the property. [8:35] When looking at locations, Jefferson tries to find properties where the unemployment in the area is under 7%. [9:40] In this area, homeownership is about 63%. [11:35] Lot rents can go to about half of what an average 2-bedroom apartment goes for in the area. [14:40] What does Jefferson look for in the last 12 months of bank statements? [17:50] This property is being poorly managed. [22:50] Jefferson recaps what he would improve upon. [24:15] Although this property is a bit highly priced, it doesn’t look like it’s a complete disaster, in terms of repairs. [25:25] What does Jefferson think about seller finance options? [28:05] Interested in investing with Jefferson and Brad? Feel free to contact them today!   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors www.mobilehomeparkinvestors.net Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Rentometer.com Contact Robert: DivergentProperties@Hotmail.com Call Robert: 972-742-0079

In the previous episode titled, "How to Expand Your Mind To Go BIG with Multifamily Investing," I make the argument that Bigger is Better. I stand by that, so please listen to that episode before you listen to this one!  However, if you go through the exercises laid out in that episode and still don't feel comfortable with going big, I have a Plan B: duplexes In this episode, I will lay out a plan for you to do a deal on a duplex in 90 days. And if that's what it takes for you to get into multifamily investing, then DO IT. Buy that duplex. Will you retire from it? No, but at least you're in the game. Key Takeaways: Why Duplexes Are the Perfect Way To Get Started With Multifamily Investing [3:22] Reason # 1: There's more of them and they're easier to find Watch tutorial video and download spreadsheet here: http://www.themichaelblank.com/duplex [4:39] Reason # 2: You need less money Even if you need to raise the money you won't need near as much [5:01] Reason # 3: They're easier to analyze [5:19] Reason # 4: You don't need to build a huge team [6:06] Reason # 5: Cash flow per unit tends to be better than for larger MF properties Easier to see $200-300 per month, per unit in positive cash flow [7:05] Vision setting is important but don't let your vision stop you from achieving your goals Set achievable 90-day goals 90 day goals are long enough to achieve something meaningful but short enough for you to see it happening Set goals that you can achieve if you hustle. [8:08] 90 day plan to buying your first duplex [8:51] Week 1: Educate yourself Read books Take courses - Find mine HERE: http://www.ultimateapartmentinvestingguide.com/ Attend a seminar [9:35] Week 2: Determine investing area Less important than in larger multifamily investing [10:27] Week 3: Analyze 5 deals Download deal analyser spreadsheet here: http://www.themichaelblank.com/duplex [15:33] Criteria: What are the comps? Rent analysis by location Rentometer.com What's the cash on cash return? [17:58] Week 4: Start raising money Sample deal package themichealblank.com/ebook [19:04] The Last two months 1 investor meeting per week Make 5 offers per week Your goal is to get ONE accepted  

#80: Think you lack the time to invest in real estate? Consider Gino Barbaro. Gino is a husband, father of six, longtime former restaurant owner, and controls $32M of property along with his business partner, Jake Stenziano. They’re the two authors of “Wheelbarrow Profits: How To Create Passive Income, Build Wealth, and Take Control Of Your Destiny Through Multifamily Real Estate Investing.” It shows you dramatic, actionable ways that Jake and Gino increase property cash flows. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:20  Robert Kiyosaki will appear here with Keith next month. 03:57  GRE has a new Recommended Reading List: GetRichEducation.com/Read 04:48  What Keith dislikes about one popular RE investing book. 07:40  Millionaires are not wealthy. You heard that right. 08:46  Guest interview begins. 15:30  Business partnerships - what makes them work? 19:50  Wheelbarrow analogy - Two legs: buying & financing. One wheel: managing. 26:02  How to identify a building for “wheelbarrow profits.” 30:15  Here’s how to find a “motivated seller.” That’s where the deals are. 31:19  Increasing property NOI and cash flow with “repositioning” within two years. 36:10  Negotiation tips and strategy. Gino shares the emotional roller coaster of dealmaking. 42:48  What you must do when you take over a building that you just purchased. 46:28  How to fill a vacant unit quickly. Resources Mentioned: JakeandGino.com - Website of today’s guests. Wheelbarrow Profits - Amazon book page. RentOMeter.com - Find local market rents. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! Want a free GRE logo decal? We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.  Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com  We’ll send you a GRE logo decal.

In this week's Cash Flow Friday tip I'm going to share with you the 4 free resources we use in our business to perform a quick and dirty evaluation of a market #1: www.BestPlaces.net - this site provides info on cost of living, quality of schools, population, crime rates, unemployment rate, house prices and all of this can be search by zip code or by city and state. #2: www.City-Data.com - this site is somewhat similar to best places, but goes into a little more detail and even includes things like recent sold comps, a sex offender search, more detailed demographics, a breakdown of neighborhood data by zip code, building permit data, etc. This site is best for a more detailed and specific research #3: www.RentOMeter.com - Want to know what the market rents are for a given zip code or city/state? Then rent-o-meter is free and easy to use and will give you the quick and dirty data needed to see what properties are renting for in your market.   #4: www.Craigslist.org - We use craigslist for a multitude of things including; checking the local rental market competition - how many properties similar to mine are there available, how long have they been listed, are they offering move-in incentives.  Another thing we do is we run test ads to determine the demand within a given market for the type of property we're about to bring to market i.e., mobile home, apartment, SFR, etc. Some of you might find this misleading and unethical, but when looking to acquire  a property within a new market I want to make sure there is plenty of demand before we commit to buy. I'll talk in more detail about this particular system we use for running craigslist test ads in next week's Cash Flow Friday tip.