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In this episode, we have the pleasure of hosting Van Sturgeon, an extraordinary guest with a captivating immigrant story. Van shares his journey, starting from humble beginnings, and the challenges he faced along the way that ultimately led him to the remarkable success he enjoys today. As an experienced entrepreneur with over 30 years of expertise in the real estate industry, Van has established a diverse portfolio of businesses encompassing land acquisition, development, management, construction, and renovation. With personal ownership of over 1200 properties across North America, Van is deeply passionate about assisting real estate investors at every stage of their development, from first-time buyers to seasoned multifamily investors embarking on renovations or value-add projects.We delve into his forward-thinking perspective on the future of commercial real estate, construction and development, discussing how he effectively navigates market changes while maintaining resilience. Drawing from his own experiences, he offers actionable insights and strategies to overcome challenges and make confident strides in the exciting world of real estate investing. Tune in to gain a wealth of knowledge and inspiration from Van's remarkable journey and expert guidance, empowering you to thrive in the realm of real estate investing.Remember, this is your MBA. Have a notepad handy, and get ready to take some notes!The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target* Click here to applyClick here to book Fund Manager Tejas GosaiContact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
Episode: Franchise Investments with Kim DalyGuest: Kim Daly is an independent franchise consultant with FranChoice. She is also the co-author of Franchising Freedom & Mission Matters Volume 5, Top Tips to Success.Big Idea: Kim Daly is an expert in franchise investment. Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client's background, interests, skills, finances and life goals to the ideal opportunity has made her one of the top franchise consultants in the country. On today's episode we discuss the way some real estate investors transition from house flipping to owning a portfolio of franchise businesses-which might be a great solution in today's low inventory real estate market. We also discuss the process of getting started and then building to scale, where you reap the real rewards of the franchise business.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/ This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:How to Invest in a Franchise Business with Jon OstensonView the Episode Description & Transcript Here:https://reidiamonds.com/franchise-investments-with-kim-daly/Kim & I Discuss Franchise Investing: Is Franchising Safe in an Uncertain Economy? Why does Franchising Grow in Challenging Times? How to Find the RIGHT Franchise for You Best Franchise Opportunities in the Market Today Relevant Episodes: (There are 208 Content Packed Interviews in Total) Virtual Wholesale Real Estate Investing with Brandon Barnes Economic Forecast 2021 with Paul Sloate Jason Balin on Funding Flips in the 2017 Market How to Rehab a House the RIGHT Way with Van Sturgeon
Bulletproof Cashflow: Multifamily & Apartment Investing for Financial Freedom
After you close on a multi-family property, your work is just getting started. Van Sturgeon is a master in the art of renovation, has over 30 years of real estate investing experience, and personally owns over 1,200 properties across America. We talk about some of the biggest mistakes investors make with value-add strategies and how you can avoid them.
When investing in Value Add Real Estate, construction knowledge is critical to avoiding costly mistakes that can ruin an investment. Dealing with contractors, engineers, architects, etc. can be a shark tank because they're all trying to get your money. Also, if vendors don't know what they're doing or don't have aligned interest with you, it can turn into an incredibly difficult situation. Van Sturgeon, seasoned Real Estate investor and principal of Greywood Restoration Ltd, has an extensive multi-decade career in construction and property rehab, so he knows how to maximize his investments and avoid common costly mistakes that others make when dealing with heavy value-add properties.
Today, another fellow immigrant shares his story of how he got started in US real estate investing. Join me in welcoming Van Sturgeon to the show, renovation expert and mentor with over three decades of experience in the game. Van Sturgeon is a seasoned real estate investor, flipper, multifamily specialist, and business owner. Over 30 years ago, Van's family bought an apartment building in the middle of an economic crisis. Through grit and hard work, Van and his family made it through by doing the hard jobs. Thirty years later, Van owns multiple businesses, has flipped thousands of properties, and helps other investors become millionaires through real estate investing. In this episode, we get to hear how Van got to where he is today. We talk about his early days in real estate investing, the importance of building an ecosystem in your business, and how you can get started investing with something you can afford. KEY TAKEAWAYS 1. Establishing relationships is the hardest part of real estate investing. 2. Once you build an effective ecosystem in your business, exponential growth starts. 3. Identify areas that can generate cash flow, then look for properties that can generate wealth. 4. Get started with properties that make sense for you financially. LINKS https://vansturgeon.com/ https://www.linkedin.com/in/van-sturgeon-029018200/ INVESTMENT OPPORTUNITIES Want to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to… www.reedgoossens.com
Join Mike Cavaggioni with Van Sturgeon on the 105th episode of the Average Joe Finances Podcast to discuss how to vet contractors. Van is a real estate investor who started as a contractor in the 90s and eventually transitioned to property management. He shares his journey in real estate. In this episode, you'll learn:From general contractor to property managementPassion for real estateHow to get the right contractor – Van's vetting processBudget talks: how to set caps on dealsKeep everyone on the same page with a detailed scope of workAnd much more!About Van Sturgeon:Van Sturgeon is a real estate investor who has successfully created several businesses. To date, Van has amassed over 1,000 properties across North America and is passionate about educating new real estate investors on the importance of goal setting, dedication, and taking that first step to investing in real estate. Over 90% of today's millionaires are created through real estate. If you are looking for financial freedom through real estate, then this is the place to learn all the information and strategies needed to succeed.Find Van Sturgeon on: Website: https://vansturgeon.com/Average Joe Finances®Our social media links can be found here: https://averagejoefinances.com/linksCheck out: https://averagejoefinances.comBuying or Selling a House? https://averagejoefinances.com/realtorInterested in getting your real estate license? https://averagejoefinances.com/prepagentUse the same Audio/Video Editing Team that I use: https://editpods.comHost your own Podcast here: https://averagejoefinances.com/buzzsproutSocial Media Management Tool: https://averagejoefinances.com/social-mediaPodcast Book I'm Published in: https://averagejoefinances.com/daniel-larsonBuy an NFT of this podcast: https://ajf.uncut.fmMake Real Estate Investing Easier with DealMachine: https://averagejoefinances.com/dealmachineFree Stocks:Robinhood: https://averagejoefinances.com/robinhoodWebull: https://averagejoefinances.com/webull Consolidate debt: https://averagejoefinances.com/sofi-loans/Get Life Insurance: https://averagejoefinances.com/ladderAverage Joe Finances Swag: averagejoefinances.com/resources/shop*DISCLAIMER* https://averagejoefinances.com/disclaimer If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please visit https://averagejoefinances.com/contactSee our episode transcripts here: https://www.averagejoefinancespod.com/episodes/--------------Tropical Sensation by Mike Leite soundcloud.com/mikeleite Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/-tropical-sensationEmployee Survival Guide®A Podcast only for employees. Mark shares information your employer does not want you knowListen on: Apple Podcasts Spotify The Better Bookkeeper PodcastBecome more confident as a bookkeeping professional by getting a deeper understanding...Listen on: Apple Podcasts SpotifySupport the show
Want to overcome your fear of doing renovations? What should you be doing to make your first project successful? Van Sturgeon
How do you manage renovations to maximize your profits? Van Sturgeon talks today about working with contractors and doing the right level of renovations. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and loves to be actively involved in helping people reach their goals. 3 Pillars 1. Goal setting 2. Positive mindset 3. Coaching/Mentorship Book: Think and Grow Rich by Napoleon Hill You can connect with Van at Instagram, Facebook, or www.vansturgeon.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation
In an industry where everyone is constantly on a hunt for their next deal or for the money to even make their deal possible, sometimes we overlook the true source of value creation…The execution of the business plan. For a deal to be as great in reality as it looks on paper, investors need to have a system for ensuring that value is added to the property, while staying within the confines of their budget and schedule. For this reason, I am thrilled to bring Van Sturgeon on the show today to discuss his processes for implementing a successful real estate business plan and what new investors should be aware of when working with general contractors!Van Sturgeon has amassed over 1200 units over his 30-year journey in real estate and is passionate about sharing his experience with us so that we can bypass some of the costly mistakes that new investors tend to face. In today's episode, we discuss…Which renovations results in the highest ROI on a value-add investment. How to determine your unique abilities and how to create a power team around them.Why you should create a detailed “scope of work” for general contractors.Why new investors tend to over-renovate and how to save on some unnecessary costs.If you are looking to make your first real estate investment or grow your real estate portfolio, the systems that Van has designed through his years of experience as a general contractor will undoubtedly help you add value to your investments!Keep Making Milestones, Ben MalechIf you want to learn more about Van, you can find him at:https://vansturgeon.com/https://www.instagram.com/vansturgeon/https://ca.linkedin.com/in/van-sturgeon-029018200van@vansturgeon.comTo learn more about Ben, connect with him through:Ben's Website: https://benmalech.com/Ben's LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben's email: benmalech@carswell.io
Would you like to increase the chances of finding a contractor who is eager to work on your project? Real estate investor and long time contractor Van Sturgeon joined me to discuss being a contractor magnet and other tips for a smooth renovation. About our guest: Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and loves to be actively involved in helping people reach their goals. www.van sturgeon.com ******************************************************************************************** Thanks so much for being with us this week. Please see the episode enhancement for this and other episodes athttps://www.talkinghomerenovations.com/ ( talkinghomerenovations.com) Do you have feedback you would like to share? Would you like to be a guest on the podcast? Email me at thehousemaven@talkinghomerenovations.com If you enjoyed this episode, please share it with your friends Don't forget to subscribe to the show and get automatic updates every Wednesday morning with the latest episode of Talking Home Renovations with the House Maven. Clickhttp://eepurl.com/gFJLlT ( here) to get the episode enhancements sent directly to your inbox every week. Reviews and ratings help my show gain traction and credibility. Please leave a review here-https://podcasts.apple.com/us/podcast/talking-home-renovations-with-the-house-maven/id1481716218 ( https://podcasts.apple.com/us/podcast/talking-home-renovations-with-the-house-maven/id1481716218) Visithttps://my.captivate.fm/www.Talkinghomerenovations.com ( Talkinghomerenovations.com) for episode enhancements, containing photos and more information about the episodes as well as transcripts. There you can leave a voice message through speak pipe that could be included in a future episode. Follow me on instagram: @talkinghomerenovations Join me on Facebook: Talking Home Renovations Follow me on Twitter: @talkinghomereno Join me on TikTok: @The House Maven Talking Home Renovations with the House Maven is part of Gabl Media, the largest, most engaged AEC network on the planet. Visit http://www.gablmedia.com/ (www.Gablmedia.com) for great content. Sign up for the weekly newsletter- I send out the episode enhancements every Wednesday morning, http://eepurl.com/gFJLlT ( sign up here) Thanks to Ray Bernoff, the editor of the show.http://www.raybernoff.com/ ( www.RayBernoff.com) Music at the beginning and end of the episode is The House Maven's Jig, written and performed by Neil Pearlman, https://neilpearlman.com/ (www.neilpearlman.com) Show Cover Art by Sam Whitehttp://www.samowhite.com/ ( www.samowhite.com) This podcast is a production of dEmios Architects.http://www.demiosarchitects.com/ ( www.demiosarchitects.com) Thank you to BQE, the makers of BQE CORE for their support of this episode of Talking Home Renovations. Start implementing powerful systems for the profitability you need and the freedom you want. Join Douglas Tieger, FAIA for the next Designing Your Business Masterclass, brought to you by BQE CORE. Every live masterclass session is free and includes AIA continuing education credit. Register now at bqe.com/masterclass.
Multifamily Investing the RIGHT Way with Multifamily Attorney Charles Dobens
Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van and I discuss how to value add your multifamily investment. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.
In this episode, I talk with Van Sturgeon. Van has over 30 years of investing experience and personally owns over 1,200 properties across The United States. Throughout his career, he's renovated thousands of homes and commercial properties, written several books, and published in a wide variety of media outlets. Van talks with us about becoming a landlord at a young age after his parents bought an apartment building and the life lessons he learned helping his parents as they did everything they could soldier on through a changing economy. He shares how he takes a holistic approach to real estate and what he has learned from being in the market for over 30 years. Learn how to overcome any obstacles and not let the fear of failure keep you from success. You don't want to miss this episode with Van Sturgeon!
Are you a new investor wondering where to start? Listen to today's episode as we welcome real estate investor, Van Sturgeon! Van speaks on everything new investors should know, the renovation process, and much more. Be sure to get in touch with Van to learn more about investing and renovation! Thanks for joining us and remember to like, comment, and subscribe to stay up to date! Contact: Van Sturgeon Vansturgeon.com Books: Think and Grow Rich by Napoleon Hill @vansturgeon (instagram, facebook)
Building a team you can trust and finding contractors to trust with Van Sturgeon and Tinny Colin. Follow us on Instagram, Facebook, and TwitterFor more educational content, visit our website at www.diaryofanapartmentinvestor.comInterested in investing with Four Oaks Capital? First step is to schedule a call with us. This episode originally aired on March 4th, 2022----Van SturgeonVan was born and raised in Chicago. He currently lives and splits time between Chicago, Toronto, and Miami Beach. He Is a successful entrepreneur, real estate investor and owns a number of successful businesses in real estate such as land developer, home builder, general contractor, restoration and property management. Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,200 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping real estate investors successfully plan and manage their renovation/value add projects and reach their investment goals. Van has been featured as a guest on over 50 podcasts such as Joe Fairless, Whitney Sewell and Rod Khleif, and has had his written articles been featured on a number of publications across the country like the Los Angeles Tribune, Yahoo News and the Belmont Star. ----Tinny ColinHaving begun my real estate investing career two years ago, I have acquired/transacted on over a million dollars of real estate. I have successfully flipped 5 properties and now own 2 residential properties in which I rent by the rooms. By doing this, I gross a little over 40k a year. Although some eyes may consider me as not having the most experience, I like to tell a part of my story that signifies my long-term intentions, passion, and motivation to grow my real estate portfolio. After purchasing my first ever rental property, which was a standard 3 bedroom 2 bath house (now 4 bedrooms), my goal was always to rent each rooms out. I would sleep in one bedroom and rent out the others. Within a month of doing this, I realized that although I would cover my mortgage and expenses and live “for free”, I was not cash flowing. There was a mud room area within the property where the washer and dyers were. With just enough space to put a small twin bed, I decided to sleep in my mudroom. I slept in these conditions for a year. By doing so and now renting out all three of my rooms, I was able to cash flow, save up money, and buy my second property. I am now transitioning into multifamily and applying the same grit, grind, and hustle to more quickly grow my portfolio.----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital. He and his team currently have 655 units worth $40 million in assets under management and are continuing to grow. He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com or contact him at brianbriscoe@fouroakscapital.com - be vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv> Check out our multifamily investing community!> The Tribe of Titans> Get exclusive access to the Four Oaks Team!> Find it at https://www.thetribeoftitans.info^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Adding a tremendous financial value to your portfolio is a huge advantage in real estate, so how do you do it? Join Van Sturgeon on this episode for a breakdown of value add investing and the strategies you should be implementing and looking for to grow your portfolio. WHAT YOU'LL LEARN FROM THIS EPISODE Value add in a nutshell A 6-step process for growing a portfolio Why you should go out and check the properties physically Finding great deals through relationships Results that you should be looking for once the process is in place ABOUT VAN STURGEON Van Sturgeon is dedicated to helping new real estate investors overcome their fears of house renovations, by offering information and his experiences in planning and managing thousands of successful renovations over the last 30 years. Growing up in Chicago during the 1970s, his parents had learned that the apartment building that we were living in was going up for sale. They mustered up the minimum down payment and bought it, just in time when the high unemployment and mortgage rates of the late 70s slammed them. It was a struggle to survive. His neighborhood was littered with burnt-out buildings, as property owners would torch their own buildings to collect on the insurance money. CONNECT WITH VAN STURGEON Email: van@vansturgeon.com Website: Van Sturgeon LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200 Facebook: Van Sturgeon Instagram: @vansturgeon CONNECT WITH US Email: shawn@greenbriarcg.com Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow FaceBook: Shawn Winslow
Van Sturgeon joins us on Discovering Multifamily as an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that coverareas of land acquisition, development, management, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses.Van is passionate in helping homeowners and real estate investors overcome their fears of renovations/rehabbing, and loves to beactively involved in helping people reach their goals.YouTube: https://youtu.be/EzjY_-5yIaoWebsite: www.redknightproperties.com/media Spotify: https://lnkd.in/gfcVc3p #financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate #investing in multifamily #investing in syndication
Once you've done the deal and purchased the property, that doesn't mean your work is done. Your 20, 50, or 80-unit building may be new to you, but it's likely distressed. If your new property hasn't been updated in many years, then it's time to build a game plan to meet your goals, maximize your profits, and ensure your tenants have great, safe places to live in. That's why I'm excited to share this interview with my new friend, Van Sturgeon. Van has over 30 years of investing experience and personally owns over 1,200 properties across North America. Throughout his career, he's focused on the art of renovation. He's renovated thousands of homes and commercial properties, written several books, and published in a wide variety of media outlets. In our conversation, Van walks me through his strategies to rehab, renovate, and transform distressed properties sustainably. You'll learn how to smartly allocate your CapEx budget, the traps that so many first-time buyers fall into when making renovations, and the key elements to making your first multifamily deal a great one. Key Takeaways with Van Sturgeon How to use realistic goals to craft a smart and sustainable renovation strategy. How to create a needs and wants list to determine where your CapEx spend belongs. The importance of not only walking through your buildings, but your competitors' buildings as well. The most common mistakes for first-time real estate investors. Overcoming the unique challenges of trying to plan and manage renovations remotely. Why building long-term relationships is so critical to finding great deals and making them work. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/255 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
One way to enhance a property value and bring it back to life is to renovate it. But how do you renovate your assets the right way? Sam Wilson's guest in this episode is Van Sturgeon, a renovation expert at Multifamily Syndication Renovation Specialists. Van talks about getting the highest ROI through common area improvements. Tune in for tips and strategies to renovate your property that adds value to it in a cost-effective way!Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast
One of the biggest challenges both new and seasoned investors encounter in rental property investing is completing a successful rehab project. There are many ways a project can go wrong and blow your budget. My guest today is going to talk us through the do's and don'ts of a successful rehab and share tips on how to save money on renovations. Van Sturgeon is an experienced entrepreneur, developer, general contractor, and rehabber who owns over 1,000 properties across North America. He's passionate about helping homeowners and investors overcome their fears of house renovations and he loves to help people reach their goals. Today, Van is going to share the improvements he makes that have the highest return on investment, how to find and negotiate with trusted contractors, and why you need to have a payment schedule and a plan in place before you begin. Van will also take us through a recent rehab project on a multifamily property where he invested $15,000 per door in improvements to double his rental income. I know you're going to get a lot of valuable information out of today's conversation. You can find out more about Van's rehab tips through his website: https://vansturgeon.com Today's episode is brought to you by Green Property Management, now offering a $250 per unit project allowance to new clients in West Michigan. Text "Green250" to 21000, or visit them at https://www.livegreenlocal.com/. And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. Visit https://www.rcbassociatesllc.com/ to learn more.
--To find out more about Van Sturgeon you can check these links:https://vansturgeon.com/https://www.instagram.com/vansturgeon/?hl=enGet your free copy of the Real Estate Evolution here:bit.ly/RealEstateEvolution_GetYourBookThis book shows you the step by step of how to:Step 1: Believe in your unknown potentialStep 2: Deconstruct persuasion techniquesStep 3: Find business and get hired consistentlyStep 4: Be proactive in the relationship with your clients.Step 5: Learn and implement the exact steps to hire, train, lead, and train virtual assistants so that they can build, support, and guide a winning team to scale.And if you'd like to have a consistent and predictable income, like this page, and don't forget to join the Facebook group to network with the top agents:https://www.facebook.com/groups/thecpicommunity/
He is a real estate investor who is semi-retired. He enjoys helping people figure out the whole real estate investment strategy! (00:02 - 3:48) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Van - Van shares something interesting about himself (3:48 - 24:42) Planning and Managing your Rehab Project - How and when did you start investing in real estate? -What was your first rehab project and how did it go? -What did you learn from that first project? -Van shared why he had to invest in a real estate coach and why it was the best investment -Take us through the steps to plan a rehab project -He shared some insights as a general contractor -What is your process to rehab a project -Once the project started do keep an eye on them? How do you stay connected? or How do you manage the overall project? -How do you separate the bad contractor from a good contractor -What are some of the biggest gotcha while planning and managing the rehab project (24:42 - 25:11) Break - Welcoming listeners and guest back to the show (25:11 - 28:52) Fire Round - Will Van change the business strategy after Coronavirus? – Van's favorite real estate, finance, or other related books – Tools or website Van recommends - Van's advice to beginner investors – How does Van give back? – How can Wealth Matters Podcast listeners reach out to Van? (28:52 - 29:12) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs
Growing up, Van Sturgeon witnessed firsthand how his parents saved their rental property during a rough economic period through the use of meticulous budgeting and planning. Now, as an entrepreneur with over thirty years of real estate experience, Van uses this knowledge to help people overcome their fears of renovating and rehabbing by helping them break down the details and costs of their project. In this episode, Van shares his best tips for finding good renovation properties and how to create a realistic Renovation Calculator to properly execute your next multifamily renovation. Van Sturgeon Real Estate Background: Entrepreneur, real estate investor, land developer and owns a number of businesses in real estate Currently owns and manages over 1,000 units in Michigan, Ohio, New Brunswick, and Florida Based in Toronto & Miami Beach, FL Say hi to him at: www.vansturgeon.com Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss
Hey! Jason Yarusi here.Van Sturgeon is an entrepreneur, real estate investor, and general contractor who owns over 1000 rental properties across the United States and Canada. He's been in the real estate game for several decades and has built his own real estate empire.And he's seen it all…He got his start when his parents bought an apartment building instead of their dream home.The whole family pitched in to manage the property.After college he became a General Contractor and began to build his real estate portfolio.Van is sharing:Today's market and its impact on the real estate market, How he selects properties, Building a “power team”, His value-add plans,And more…Van is sharing his 30+ years of experience in real estate and you don't want to miss this inspiring story!Listen in now!Connect With Van SturgeonWant to connect with Van? Find him at https://vansturgeon.com/! Want to Learn More About Multifamily Real Estate Investing?If you're an experienced real estate investor and you're ready to get around a community of active multifamily real estate investors who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Multifamily and see if it looks like a good fit. If it is, I invite you to join in. If you have any questions, please reach out!- CLICK HERE: https://7fm.7figuremultifamily.com/7fmgroup====================Want to continue your multifamily real estate journey? Here are a few more resources to check out...Multifamily Live Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://www.7figuremultifamily.com/multifamily-live-podcastFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/multifamilylive/7FigureMultifamily.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://www.7figuremultifamily.com/ See acast.com/privacy for privacy and opt-out information.
Van Sturgeon is a general contractor and a real estate investor of over 30 years and has a number of successful businesses in the real estate industry. He owns over 1000 doors and is semi-retired from the day-to-day operations of his businesses. Today, Van is focused on helping real estate investors overcome the fears of renovating/rehabbing their properties, and helps empower investors to maintain control over their projects and achieve success.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How his family thrived with their apartment rental.How he built success in his business as a general contractor.His level of involvement in his businesses today.How he provides coaching and consultancy.The framework of engaging his services.The importance of setting goals.The biggest mistakes that are made by multifamily investors.KEY QUOTE:“It's great to find the deals but you gotta have the skill set to deliver. You could take a great deal and screw it up very quickly through the renovation rehab process.”CONNECT WITH OUR GUEST:Visit their website at vansturgeon.com or connect thru Facebook at facebook.com/realvansturgeon.CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE
Van Sturgeon is a real estate investor, homebuilder, renovator, general contractor, and a high-performance coach with over 30 years of experience in the real estate industry. In this episode, Van shares how he goes about rehab and renovations with the least amount of money but makes a good ROI. He also suggests great sources of good contractors you can depend on. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 17 minutes from today's episode: Find out one biggest thing Van advocates that is critical to consider when doing residential renovations Find out which properties you should concentrate on looking for when doing flips to give you the biggest ROI Discover how to make your properties have that curb appeal to give people that powerful sentiment to want to own the property Resources/Links: Free Training, Click here: http://www.vansturgeon.com/mentorship Topics Covered: 01:47 - How he stumbled on the renovation side of things in real estate 03:34 - The biggest thing he advocates when doing residential renovations that have done so well for him in the commercial side of it 05:23 - How to go about rehab and renovation when you're a completely new investor 08:00 - Where to put your dollars when doing rehab on a limited budget 11:25 - One thing he encourages people to do if they seriously consider the rehab and renovation strategy 14:32 - Good sources to find good contractors Key Takeaways: "What I think is really critical is the establishment of an actual document. That's called a scope of work that can be given to every contractor. So you have a good comparison of quotes, and then you also hold people accountable because I've had everything itemized within that contract within that actual scope of work." - Van Sturgeon "If you want to get the best bang for your buck on a limited budget, those are the areas that I would look at, landscaping, so that can involve re-topping of the driveway, painting the garage doors, doing clean up of the hedges, very inexpensive things that all of a sudden dramatically increases the curb appeal." - Van Sturgeon "I strongly encourage people if you really want to be active in this business, you need to act as your own general contractor and not hire a general contractor. Because being a general contractor myself, in situations where a project is 50,000 to 100,000, my profit margin, something like that, would be somewhere around 30%. And so that stuff is a huge saving." - Van Sturgeon "By doing a renovation yourself and handling that aspect, it teaches you a new skill set that you can use when you can purchase your second, third, fifth property that you can then evaluate your property, it teaches you how to look at something walking in." - Van Sturgeon Connect with Van Sturgeon: Website: http://www.vansturgeon.com/ Instagram: https://www.instagram.com/vansturgeon/ Facebook: https://www.facebook.com/vansturgeon1 YouTube: https://www.youtube.com/channel/UCDQlgphewMt2Hy4M94pLWog LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200 Connect with Dave Dubeau: Podcast: http://www.propertyprofitspodcast.com/ Website: https://davedubeau.com/home Investor Attraction Workshop: http://www.investorattractionworkshop.com/ Facebook: https://www.facebook.com/thedavedubeau LinkedIn: http://linkedin.com/in/davedubeau Enjoyed the Podcast? Please subscribe on iTunes for updates
Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and loves to be actively involved in helping people reach their goals. Show notes at REIMastermind.net
Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and loves to be actively involved in helping people reach their goals. Show notes at REIMastermind.net
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode, we dive deep into the details of a deal with Van Sturgeon. Van Sturgeon goes into specifics of how the deal was found, financed, exited and the biggest lessons learned, so buckle up, grab your pen and paper and get ready for some wisdom bombs!Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode of The Real Estate Investing Club I interview Van Sturgeon, Van Sturgeon is a real estate investor, home builder, renovator, general contractor, and a high-performance coach with over 30 years of experience in the real estate industry.. Van Sturgeon is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Van Sturgeon? Reach out at .Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Real Estate Investing With Jay Conner, The Private Money Authority
As a real estate investor, how do you make sure that the general contractors you are working with are qualified? What are the qualities you should look for in a contractor? Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
GUEST SUMMARY This week we have Van Sturgeon in the lab as a general contractor who evolved into a real estate investor, home builder and multiple business owner who now dedicates his time to helping everyday people save tons of money on being in control of their own renovations with or without a general contractor by using his repeatable system in his 30 years as investor and GC. Van started his own renovation and construction company. To date, he has renovated and built thousands of homes, apartments, condominiums, and commercial buildings, and owns over 1,000 rental units across North America. While having created multiple businesses that are involved in the construction, renovation, acquisition and management of properties, he has spent his life split between Chicago, Toronto and Miami Beach. In this episode you will learn the biggest obstacles that investors struggle with while doing renovations, how to actually land quality contractors and get them to pick up the phone and most importantly how to come up with a statement of work and stay on budget and on time keeping your renovations cost at an all time low. If you're in the process of undergoing a rehab now or in the future, you don't want to miss this. HIGHLIGHTS OF THE EPISODE: 00:53 - Background of the guest 31:22 - The relationship between contractors and subcontractors: The goal of a real estate 38:24 - Contractors who specialize in new construction 47:10 - Process and system standpoint: Creating an investment portfolio for profit 49:46 - Inventory of the property 54:12 - Identifying issues and making decisions to accomplish within the renovation 56:31 - Renovations take the most amount of work and effort KEEPING IT REAL: 16:02 - What did it feel like when you talk about investing? 19:45 - What comes first between General Contracting and the Flip? 22:20 - The good old days are easier than right now 23:50 - The biggest obstacle of a contractor 26:37 - What makes a contractor pick up and not pick up a phone call? 34:52 - Are general contractors underappreciated? 40:25 - The difficulty of saying no to business 01:03:15 - The thoughts about the economy shift CONNECTING WITH THE GUEST Check out Van Sturgeon's Website: https://vansturgeon.com/ Facebook: https://www.facebook.com/SturgeonVan/ LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200/?originalSubdomain=ca Instagram: https://www.instagram.com/vansturgeon/?hl=en
Real Estate Investing With Jay Conner, The Private Money Authority
When you are brand new as a real estate investor, what percentage deposit up-front should you expect to hear from a qualified general contractor? Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. In this video link, https://youtu.be/pg28o2oKxKw Van shares his knowledge on how to create a scope of work. This time Van Sturgeon talks about some of the best ways on finding good contractors to submit your scope of work. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
What is the scope of work? How do you create a scope of work? Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
How do you set up a renovation goal? Is it more beneficial to set up a renovation goal before you go under contract? What are the processes that a real estate investor should go through when establishing the renovation goal? Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
Let us hear from Jay Conner’s guest Van Sturgeon, the biggest challenge of new real estate investors when they are working on their first rehab. What are the most common mistakes they are making and how to prevent them? Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. He shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. For more valuable information click on this link and watch the complete episode: https://youtu.be/YiotEEXpQvU - “Secrets to a Successful Home Renovation with Van Sturgeon & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Hello everyone! Welcome back to another episode of Pave The Way Podcast! Today we have the incredible Van Sturgeon on the show! We will talk about... How to maximize renovations. How to get a solid return on investment. Van shares his framework to ensure that you're set up for success in your process! To contact Van: www.vansturgeon.com
Hello everyone! Welcome back to another episode of Pave The Way Podcast! Today we have the incredible Van Sturgeon on the show! We will talk about... How to maximize renovations. How to get a solid return on investment. Van shares his framework to ensure that you're set up for success in your process! To contact Van: www.vansturgeon.com
Target Market Insights: Multifamily Real Estate Marketing Tips
Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, construction, and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. Let's dive in to hear Van drop some wisdom with his 35 years of experience in the real real estate industry. Announcement: Download Our Sample Deal and Join Our Mailing List [00:01 – 04:22] Opening Segment Van talks about his background. A brief introduction to thirty years of experience. What it took for him to stay afloat. [04:22 – 14:29] Thirty Years of Experience Van explains why it's getting more difficult to find deals. Here's why cap rates are compressed. How to approach real estate markets in today's climate Why you should look outside of the growing markets when investing. The benefits of digging down into the submarket level. Van talks about the Toronto market and its advantages. [14:29 – 25:02] Being Vertically Integrated What you need to be vertically integrated The benefits of being having all of your teams in house - including property management and construction The downfalls of being vertically integrated Why you should be careful with your budget. The importance of talking to your competitors. Steps you should take to make sure that you are on time and on budget. The importance of statement of works in renovations. [25:02 – 30:52] Bullseye Round Apparent Failure: Almost having a nervous breakdown Digital Resource: Biggerpockets Most Recommended Book: Think and Grow Rich Daily Habit: Meditation Curious About: How all the money given out by the government will be repaid. I Wish I Knew When I Was Starting: Being thankful Best Place to Grab a Bite in the Philippines Restoria Contact Van: Reach out to Van at his website. Tweetable Quotes: “You really need to do an overall assessment of the property and create a needs and wants list.” - Van Sturgeon “If I can make an investment buying an ugly duckling where I can sprinkle a couple of dollars in rehabbing and renovating the place and then seeing some uplift on the rent side then I don't care about population growth'” - Van Sturgeon Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
To have a smooth and stress-free renovation project, there are important steps that you need to take or consider like identifying and validating your goal, figuring out your budget and creating a scope of work. Our guest this #TechandTacticsTuesday walks us through the process and gives some great tips on what to do in each of these steps and how to work with general contractors.Van Sturgeon is a real estate investor and renovations expert. He lays out many things that you need to know as an operator whether you're remodeling a duplex or a 200-unit apartment building, these tips are going to be very helpful to you as you prepare to have a successful renovation project!
Renovating your home can provide you with the opportunity to discover a home that is full of character while also providing an excellent return on investment. So if you are thinking of upgrading your property, this episode is for you! Van Sturgeon will share his expertise in finding reliable contractors and strategies to avoid overspending and making bad decisions. Key Takeaways To Listen ForIdentifying renovation objectivesThe importance of building a network of contractors Defining the payment timeline and the scope of the projectChallenges and solutions when starting a construction projectHow to find a quality contractorBest way to achieve financial freedomAbout Van SturgeonVan Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, management, construction, and renovation. He personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses.Van is passionate about helping homeowners and real estate investors overcome their fears of house renovations or rehabbing, and loves to be actively involved in helping people reach their goals.Connect with VanWebsite: Van SturgeonFacebook: Van SturgeonInstagram: @vanstugeonEmail: van@vansturgeon.comTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams
ABOUT VAN STURGEON Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. THIS TOPIC IN A NUTSHELL: [01:07] Van's career background [03:50] Transition from tenants to the landlord [05:15] How he got into renovation and rehab [06:24] External Factors that affected the vacancy rates in the late 70s [09:50] His take on Inflation and Interest rates [14:00] Why you should invest in real estate amidst rising interest rates [17:30] Fundamental skillset of a successful investor [19:05] Romanticizing DIY renovation [20:35] Act as your own general contractor [22:03] How to come up with the right budget [24:20] Scope of work document: a crucial step in the rehab process [29:12] What is inside the detailed Scope of Work? [33:48] Biggest pains as a general contractor [35:40] Setting milestones and scheduled payment structure [38:10] Responsibility of contractors in handling materials [40:50] Easy wins for novice investors [42:06] Advice to his 25-year-old self [45:15] First Entrepreneurial Endeavor [45:40] Formal and Informal training that shaped his journey [50:10] Biggest mistake and what did he learn from it [55:20] Best way to reach out to Van KEY QUOTES: [19:00] Unfortunately, Hollywood romanticizes the whole DIY thing where you buy a property and 30 minutes later, you have this beautiful property that you made hundreds of thousands to profit on. We all know that it isn't the case, it requires much more than that. [25:18] You need to nail down the scope of work, once you have that, it's amazing how things flow beautifully from that process. It's like trying to bake a cake without a recipe. You can buy all the ingredients but if you don't have a recipe to follow, then you're not getting far from baking a good cake. [35:35] You should always structure your payment schedules when certain milestones of that project were reached. If you were able to do that, you keep those individuals working. Money is a critical element to make sure that contractors do their job. [43:25] Real estate is a long game. It's not a wham bam thank you, mam. It requires a lot of time, effort, and patience associated with trying to get you from where you are today to where you want to be tomorrow. SUMMARY OF BUSINESS VAN STURGEON One-on-one Coaching & Mentorship Program provides expert and up to date renovation advice and information for all house renovations across North America. You will have access to experts in design and renovation, and you will gain the confidence and knowledge to handle your very own house renovation. ABOUT THE WESTSIDE INVESTORS NETWORK The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication. The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com. #investmentproperty #realestate #investment #property #realestateinvesting #propertyinvestment #investing #realestateinvestor #investor #investments #properties #investmentproperties #realestateinvestment #business #REinvesting #beyourownboss #entrepreneurlife #coaching #motivation #mindset #business #success #business #renovation #construction #design #home #architecture #homerenovation #renovationproject #remodel #realestate #homeimprovement #contractor #generalcontractor #interiors #house #building #remodeling #housebuilder #builder #mentor #coach #renovationmentor #homebuilder CONNECT WITH VAN: Email: info@vansturgeon.com Website: https://vansturgeon.com/ Socials: LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200/ Facebook: https://www.facebook.com/RealVanSturgeon Instagram: https://www.instagram.com/vansturgeon/ CONNECT WITH US For more information about investing with AJ and Chris: · Uptown Syndication | https://www.uptownsyndication.com/ · LinkedIn | https://www.linkedin.com/company/71673294/admin/ For information on Portland Property Management: · Uptown Properties | http://www.uptownpm.com · Youtube | @UptownProperties Westside Investors Network · Website | https://www.westsideinvestorsnetwork.com/ · Twitter | https://twitter.com/WIN_pdx · Instagram | @westsideinvestorsnetwork · LinkedIn | https://www.linkedin.com/groups/13949165/ · Facebook | @WestsideInvestorsNetwork · Youtube | @WestsideInvestorsNetwork
"I've been successful because I've been able to identify individuals that know what they're doing, and I do business with them. I've realized as a general contractor that the turnover is very important. Quickly moving from one project to another is how I make my wealth." "Renovating" can be a scary word. Although known as a more high-risk investment strategy, renovating properties can actually be highly profitable with the right knowledge of the industry, and a full tool kit of tips and tricks on how to keep a project on track. My guest this week, Van Sturgeon, is not new to the renovation game, as his first exposure to property management and renovation came through his family's ownership of a property during his childhood. Listen in to learn his diversification process, advice on renovating more efficiently and effectively, and different strategies to lead your next renovation to success. Key Takeaway: In a project that requires outside contracting, be sure to do your research before signing. Being particular in who you do business with will make or break your renovation. How to Contact Van: Website: www.VanSturgeon.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Van Sturgeon Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode is sponsored by Urban Catalyst. When it comes to talking about renovation, people tend to fall into two camps, those who have watched a lot of HGTV and can't wait to do the fun part and pick out tiles and those who are scared to start because they are afraid they are going to make a costly mistake. For both of those camps, today's podcast should help. Van Sturgeon is an experienced entrepreneur who created several businesses in the real estate industry and he's also a general contractor. He personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. His mission is to help real estate investors overcome their fears of house renovations.0:00 Introduction 4:11 The perils of being a general contractor6:47 The importance of a needs and wants list10:13 Secrets for vetting contractors17:08 Building a scope of work19:20 Getting multiple quotes22:06 Sponsor statement -- Urban Catalyst24:16 Dealing with water damage and mold 26:17 Wiring in older houses32:02 Buying as is 34:15 Is there anything that is unfixable39:26 The current market for flippers43:08 Renovating multiple families 48:54 Preparing neighbors for a renovation50:38 Is there any trend that is played out for renovators?
Van Sturgeon grew up on the south side of Chicago and has built and renovated thousands of homes all across North America. Van currently owns and manages over 1,000 units in Michigan, Ohio, New Brunswick and Florida and is author of multiple books on renovation and rehabbing. Here's some of the topics we covered: How to approach a multifamily renovation Developing a scope of work Screening contractors How to quantify quality Contract consideration Milestones and when to make payments Understanding sequencing To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com For more information on our guest, please visit:http://VanSturgeon.com
On this episode, we're talking home renovation and rehabbing with Home Renovations Expert, Van Sturgeon!Watch at YouTube.MatthewMa.com!Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry involving land acquisition, development, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day to day operations of his businesses. He is passionate about helping home owners and real estate investors overcome their fears of house renovations and loves to be actively involved in helping people reach their goals. Reach out to Van Sturgeon at van@vansturgeon.com.Connect:Facebook: https://www.facebook.com/RealVanSturgeonInstagram: https://www.instagram.com/vansturgeon/LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200/Website: https://vansturgeon.com/indexLeave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
On this episode, we're talking home renovation and rehabbing with Home Renovations Expert, Van Sturgeon!Watch at YouTube.MatthewMa.com!Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry involving land acquisition, development, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day to day operations of his businesses. He is passionate about helping home owners and real estate investors overcome their fears of house renovations and loves to be actively involved in helping people reach their goals. Reach out to Van Sturgeon at van@vansturgeon.com.Connect:Facebook: https://www.facebook.com/RealVanSturgeonInstagram: https://www.instagram.com/vansturgeon/LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200/Website: https://vansturgeon.com/indexLeave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
Over the past 30 years of working really hard, I overcame every obstacle and I am very successful in business. I could have pretty much anything that I want, but I still am not happy. There is an emptiness inside of me and I start to grow depressed. "What's next?" I have past the halfway point in my life. I struggle to figure out a purpose and what to do with the rest of my life. Growing up in Chicago during the 1970s, my parents had learned that the apartment building that we were living in was going up for sale. They mustered up the minimum downpayment and bought it, just in time when the high unemployment and mortgage rates of the late 70s slammed us. It was a struggle to survive. My neighbourhood was littered with burnt out buildings, as property owners would torch their own buildings to collect on the insurance money Learn How to Get Started in Real Estate? Go to [www.Dwellynn.com/mft](http://www.dwellynn.com/mft) **SUBSCRIBE and LEAVE US A REVIEW** on iTunes: [http://getpodcast.reviews/id/1256786108](http://getpodcast.reviews/id/1256786108) Get your free book: [www.audibletrial.com/dwellynn](http://www.audibletrial.com/dwellynn) **Contact: Van Sturgeon** [https://vansturgeon.com/index](https://vansturgeon.com/index) **Content mentioned: Trump: The Art of the Deal** [https://www.amazon.com/Trump-Art-of-Deal-audiobook/dp/B01FY3KPY8/ref=sr_1_1?crid=TP2KW1VFCYGU&dchild=1&keywords=art+of+the+deal&qid=1629934710&s=books&sprefix=Art+of+%2Caps%2C211&sr=1-1](https://www.amazon.com/Trump-Art-of-Deal-audiobook/dp/B01FY3KPY8/ref=sr_1_1?crid=TP2KW1VFCYGU&dchild=1&keywords=art+of+the+deal&qid=1629934710&s=books&sprefix=Art+of+%2Caps%2C211&sr=1-1) Follow Ola [[www.instagram.com/oladantis](http://www.instagram.com/oladantis)] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com
With over three decades of experience building a portfolio of more than a thousand properties, Van Sturgeon knows all about long term investing. He has acquired rental properties and flipped houses while also starting a successful general contracting business to service his passion for renovations and construction. As a real estate entrepreneur, he has refined his own system for leveraging property investments to maximize real estate cash flow. Listen to Dan and Van as they discuss the following topics: Building an investment portfolio The fundamentals of property rehab Successful tactics for agents Developing continuous growth Don't miss this one of a kind discussion between two highly successful real estate investors. Quotes to Share
Today's episode features Van Sturgeon who is an expert in real estate renovations with 30+ years of experience. He learned his trade the hard. Growing up, his parents purchased an apartment building but real estate was in deep trouble thanks to sky-high interest and unemployment rates. This forced Van into learning how to do the repairs his family couldn't afford. Fast forward to today and Van has seen and done it all. He breaks down all of his do's & don'ts to make the process less intimidating. Wondering how to quote prices, manage a project, or locate good help? Take a listen and you'll soon find out! Links From the Episode Van's Website -> Includes a free rehab calculator Van's Blog Van's Facebook Profile Join the Community We'd love to hear your comments and questions about this week's episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab our FREE Budget Planner Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here
Join Rent Roll Radio's host, Sterling Chapman, with his guest Van Sturgeon as they talk about how to be your own general contractor and successfully manage a home renovation. Van is a real estate investor, a home builder, and a high-performance coach specializing in land acquisition, subdivision development, and house renovations. With 30 years of experience as a general contractor, he is passionate about helping real estate investors and homeowners overcome their fears of house renovations. Today, Van shares his experiences, from helping his family renovate their apartment building back then to teaching people how to save on renovation by doing it themselves now. In this episode, you'll learn: The benefits of diversifying your investments and how to manage all of them Why having a clear goal is essential when planning to renovate specific properties How setting goals for a renovation can help you understand your target market What to look out for when transitioning from single-family projects to multifamily The advantages of being your own general contractor when starting out as an investor And much more! About Van Sturgeon Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, covering areas of land acquisition, development, construction, and renovation. He owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. Van's father immigrated to the United States in 1959 and served our country proudly during the Vietnam War. Meanwhile, his mother had immigrated to Canada first and moved with him to Chicago to start a new family. Through a lot of hard work and savings, his parents reached their dream, and they bought an apartment building in Chicago in 1976. However, the late ‘70s and ‘80s devastated their community with drugs and crime. Van's parents barely held on, as their building was 60% vacant, and it kept getting worse. But amid the hardship, his family was able to get through. They did everything in their building and never hired any contractors. They even went out and installed a new roof, new windows, tiled, carpeted, and painted every single apartment. In turn, Van learned so much from these experiences that he chose to pursue a career in home renovation. Connect with Van Sturgeon! Website: https://vansturgeon.com/ LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200 Instagram: https://www.instagram.com/vansturgeon
Real Estate Investing With Jay Conner, The Private Money Authority
Today, Van Sturgeon joins Jay Conner in the Real Estate Investing show. Jay & Van confer about rehabbing and renovations. Van shares his passion for helping homeowners and real estate investors overcome their fears of house renovations/rehabbing, and he loves to be actively involved in helping people reach their goals. Van Sturgeon is an experienced entrepreneur of over 30 years who has successfully created several businesses in the real estate industry that cover land acquisition, development management, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 1:53 - Jay’s New Book: “Where To Get The Money Now”- https://www.JayConner.com/Book 3:14 - Today’s guest: Van Sturgeon 6:12 - Why Van Sturgeon choose real estate. 9:40 - New real estate investors’ biggest challenge while doing their first rehab. 13:20 - How to set a renovation goal. 15:32 - Importance of having multiple exit strategies 17:02 - Scope of Work in Real Estate 21:38 - Connect with Van Sturgeon - https://www.VanSturgeon.com 22:33 - Best way to find good contractors. 26:17 - As a new real estate investor what percentage deposit up-front should they expect to hear from qualified general contractors? 29:23 - What are the qualities you need to look for in a general contractor? 30:52 - Do you recommend that real estate investors manage their own renovations? 34:20 - Van Sturgeon’s parting message Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
By far the top topic of the questions we receive are about contracting and contractors. Today we are going to sort that out. Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations, and loves to be actively involved in helping people reach their goals.
By far the top topic of the questions we receive are about contracting and contractors. Today we are going to sort that out. Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses. Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations, and loves to be actively involved in helping people reach their goals. How to contact us Follow Starr @realestateislifeatlanta on IG and Facebook www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind. Sponsors American IRA: www.americanIRA.com Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com. Legal Shield Announcements: The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content. News and Resources: If you listen to this show regularly you - like me - will have seen this coming. https://www.realtor.com/news/trends/apartment-rents-increase-as-young-workers-head-back-to-cities/ The eviction moratorium is over. https://www.realtor.com/news/trends/eviction-bans-expiration-leaves-renters-in-south-appearing-most-vulnerable/ Or in other words - you don't want to own rental properties in these ten states. https://www.cnbc.com/2021/08/02/some-states-will-continue-to-ban-evictions-.html The ten most affordable lake communities in the US. Yep - we bring you all sorts of useful information. https://www.realtor.com/news/trends/great-lake-towns-affordable-2021-edition/ Yep - we found a castle for $100k. https://www.realtor.com/news/trends/gothic-castle-new-york-most-popular/ Questions from Listeners: From our own Flipping America team: I got someone on the phone who had inherited his mom's house. She has a reverse mortgage with a $103,000 balance on it. The house is worth about $125,000. Are there any creative structures we can use to take this property? Mindset Moment: I haven't really wanted to weigh in on the minimum wage debate. I remember the exact same arguments over the past 35 years -- people can't support a family on minimum wage. The comeback is, “of course not, minimum wage jobs are not designed for heads of household.” The cruel fact is, the minimum wage doesn't matter and it never has. I remember discussing this with a mentor of mine when the argument was about raising the minimum wage to $7.50/hr. I asked him his thoughts. He replied, “that's fine if you don't mind paying $3.00 for a loaf of bread.” This is the most succinct description of the consequences of minimum wage hikes I've ever heard. It perfectly encapsulates the reality that if we raise required minimum wages, business owners will be forced to raise prices. Once the prices are raised, the net effect, in terms of buying power, will be zero. Here's another tough love fact for you today. You are never going to become wealthy by demanding more money from your employer. Everyone listening to me has a chance to become wealthy, but you will only do so by making yourself more valuable. If you make yourself a valuable commodity, I PROMISE you someone will notice. Good help is hard to find, GREAT ASSETS are like treasured jewels. Get knowledge, gain skills, grow in wisdom, and opportunities will find their way to you. Motivational Quote: “You won't grow wealthy by demanding more pay. If you want to grow wealthy, make yourself more valuable.”
The Landlord Real Estate Investing Show | Buy, Rehab, Rent, Refinance, Repeat
Your host David Dodge is very excited to introduce Van Sturgeon. They talked about how to save 30%-50% on your rehab projects. Check this out. We have a free landlord course for you http://www.freelandlordcourse.com Be a Discount Property Investor Mike's Secret Weapon https://bit.ly/FWCToolKit Please leave us a Review: https://ratethispodcast.com/realestateshow Your reviews help us rank higher and reach more people. Thank you for Listening!
Van Sturgeon, today's guest has many titles.. real estate investor, home builder, renovator, general contractor and high performance coach. With over 1,000 properties in his portfolio, he's been able to semi retired from those titles but is still pushing forward to help new investors with their rehab projects. On today's show, we'll discuss the world of a contractor and equip you with the knowledge the successfully execute an on time rehab (within budget) and with profit. Key Points From This Episode: Why inexperienced contractors under charge and flame out How to find the best General Contractor for your job The difference between traditional rehabs and rental grade rehabs If you are a real estate investor, why you should act as your own GC. What is the correct order of operations in a rehab How to create a scope of work Why you should have a no tolerance attitude towards contractors How to systematically pay your rehabbers Links Mentioned in Today's Episode: http://www.vansturgeon.com/ (Van's Website) Recommended Book: Think and Grow Rich by Napoleon Hill http://beforethemillions.com/book (Listen to this book for free!) Lifestyle Design App: https://quickbooks.intuit.com/ (Quickbooks Accounting Software)
About Van:High-Performance CoachVan Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses.Splitting time between Chicago, Toronto and Miami Beach, Van is passionate in helping home owners and real estate investors overcome their fears of house renovations, and loves to be actively involved in helping people reach their goals.On Today's Show Van DiscussesWhy Van got into real estateHow Van got into rehabbing projectsFor new rehabbers what steps they should takeChoosing a contractor And much more....Links From The Podcastvan@vansturgeon.comhttp://www.vansturgeon.com/indexhttps://www.linkedin.com/in/van-sturgeon-029018200/https://www.facebook.com/SturgeonVanhttps://www.instagram.com/vansturgeon/?hl=enhttps://peer2peerrealestate.com/https://www.facebook.com/peer2peerrealestate/https://twitter.com/WilliamP2PREhttps://www.linkedin.com/in/williemorales/https://feeds.captivate.fm/peer-2-peer-real-estate/Thank you Van for being on the 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 Partner LendencyLoans For Residential Real Estate Investors Friends with a tendency to lendGo Here: Friends with a tendency to lend -https://www.lendency.com/apply?6rng2=William%20MoralesPlease 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.Thank you and Stay safe. See acast.com/privacy for privacy and opt-out information.
Episode: How to Rehab a House the RIGHT Way with Van SturgeonGuest: Van Sturgeon owns more than 1,000 rental properties throughout the U.S. & Canada. He’s rehabbed even more-picking up countless methods along the way. Big Idea: Rehabbing houses is a breeze for highly successful real estate investors. Buying property cheap, due to condition, then renovating them to force value is one of the most powerful methods of real estate investing for compounding wealth. BRRR, or the buy, renovate, rent, & refi strategy is one of real estate investor’s favorite strategy for building a large portfolio with a limited amount of capital.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/Resources Mentioned in this Episode:http://www.VanSturgeon.comFor Access to Real Estate Deals You Can Buy & Sell for Profit:https://AccessOffMarketDeals.com/podcast/View the Episode Description & Transcript Here:https://reidiamonds.com/how-to-rehab-a-house-the-right-way-with-van-sturgeon/Dan Breslin: Today’s guest, Van Sturgeon, personally owns more than 1,000 rental properties throughout the US and Canada. He’s rehabbed even more, picking up countless methods along the way. Rehabbing houses is a breeze for highly successful real estate investors. Buying property cheap due to the condition, then renovating those properties to force value is one of the most powerful methods for compounding wealth. The skill of rehab is crucial to the BRRRR method. You know, the Buy, Renovate, Rent, and Refi strategy is used to build a large portfolio using a limited amount of capital. During this episode, Van and I will dive deep into the renovation aspect of the real estate business along with other topics such as large multifamily investing and market selection. Let’s begin.Van: I went off to University. Graduated. I had an opportunity to go off and become a lawyer. Got accepted to several law schools, but my heart wasn’t in it. And I had a very difficult conversation with my parents saying, “Hey, I just don’t want to do this. I don’t see myself being a lawyer. I really enjoy Real Estate, really enjoy being a junk contractor.” And so, that’s where they begrudgingly gave their approval, and I went off in Chicago and became a general contractor. I started knocking on doors, started to network, started to create relationships with individuals, and trying to grow this business. Thankfully, the early 90s was a period of time that I started to get busier, and one of the things I kept running into were these career Real Estate Investors. People that this was their means of business, whether they were buying and flipping properties or buying and adding them to their portfolio. I started to network with these people. Start to see what these people are doing, and then I got around to actually doing it myself.The first property, I remember it like it was yesterday, I purchased it for $43,000 or $44,000, something like that. It was a real beat-up little bungalow. I still have some decrepit, little photographs of it for what I did to it because I was so proud of it. I bought it and I renovated it. And several months later, it cost me around $17,000 to $18,000 at the time to renovate it, I put it up for sale. I sold it for 90 something thousand dollars. All in all, I made $30,000. At that time in 1991, to make $30,000, that was a heck of a lot of beans, because the average salary was around $25,000 to $30,000 and I made that in four, five months.So I immediately got hooked on it and I was like, well, this is something that I wanted to do. So it was sort of, it ran in parallel. I was growing just the general contracting business and at the same time doing flips on the side and growing that side of the business. I’ve been very lucky and fortunate in my life and through real estate, I was able to create a number of successful businesses where I’ve been. I’ve built subdivisions, custom homes, real estate developers, property management companies, and do also restoration work on commercial high-rise buildings. I’ve done everything that you can think of under the sun and I’ve been truly, truly blessed to the point where I’ve got over a thousand properties across North America that I look after and that I collect income from. So it’s been a great ride.Van & I Discuss How to Avoid Capital Gains Tax:• Market Selection-according to an International Real Estate Investor• Van’s best deal-which turned out even better for the next buyer• Why you should own a property management company• How to renovate a house on time & on budgetRelevant Episodes: (There are 193 Content Packed Interviews in Total)• Dave Van Horn on The Process of Investing in Noteshttps://bit.ly/3eijBIX• Abhi Golhar on Attracting Off Market Deals & Scaling to Larger New Construction Tract Developments in Atlanta Georgiahttps://bit.ly/3yD4Xn9• Don Costa on Rehabbing & Selling 100 Houses Per Yearhttps://bit.ly/3qXydCi• Jim Zaspel on Hiring, Managing & Firing Contractorshttps://bit.ly/3r4MVrl
Last week, our guest discussed invaluable tips for cost-effective and profitable renovations. In this episode, Van Sturgeon continues sharing renovation tips and gives an insider view of the strategies he used to grow a successful, multi-company, real estate investing dynasty. For complete show notes go to http://olddawgsreinetwork.com/building-successful-rei-business/ IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast. This will greatly help in sharing this podcast with others seeking to learn real estate investing.
Van Sturgeon, former General Contractor, Developer, and Home Builder, discusses how we can save significant costs by becoming our own General Contractor for renovation of homes when fix and flipping for real estate investment income.
Welcome back everybody to the AJ Osborne Podcast, I'm your host, AJ Osborne! It's my pleasure to introduce you to Van Sturgeon. Van was born and raised in the Northside of Chicago helping his parents own and operate an apartment building. The economy was bad, vacancies were high, and the family had to perform all the repairs and maintenance on their own to limit cost and to make ends meet. This built the foundation for what was to come. Van later built a company renovating real estate. This gave Van an inside look and connection to real estate investors who were buying and flipping homes while using his company as their go-to renovator. It didn't take long for Van to recognize and realize the potential there was in real estate investing, whether that be buying, renovating and holding, or buying and flipping. He's built an impressive portfolio and now has over 1k doors across the U.S. and Canada. Today Van shares the truth about “finding deals”, the fundamentals of value, and his advice for anyone looking to start investing in real estate. This episode is packed with tons of great information for anyone in the real estate world currently or those that are looking to break into real estate investing. Be sure to take notes, soak it up, and put to work the concepts Van shares with us today. Thanks everybody, AJ Keep up with Van at his website: https://vansturgeon.com/
Welcome back everybody to the AJ Osborne Podcast, I'm your host, AJ Osborne! It's my pleasure to introduce you to Van Sturgeon. Van was born and raised in the Northside of Chicago helping his parents own and operate an apartment building. The economy was bad, vacancies were high, and the family had to perform all the repairs and maintenance on their own to limit cost and to make ends meet. This built the foundation for what was to come. Van later built a company renovating real estate. This gave Van an inside look and connection to real estate investors who were buying and flipping homes while using his company as their go-to renovator. It didn't take long for Van to recognize and realize the potential there was in real estate investing, whether that be buying, renovating and holding, or buying and flipping. He's built an impressive portfolio and now has over 1k doors across the U.S. and Canada. Today Van shares the truth about “finding deals”, the fundamentals of value, and his advice for anyone looking to start investing in real estate. This episode is packed with tons of great information for anyone in the real estate world currently or those that are looking to break into real estate investing. Be sure to take notes, soak it up, and put to work the concepts Van shares with us today. Thanks everybody, AJ Keep up with Van at his website: https://vansturgeon.com/
The profitability of a real estate investment may wholly depend on the renovation or rehab part of the equation. Without a well-planned and cost-effective rehab, the investment could lose money. In today's podcast, real estate investor, entrepreneur and contractor Van Sturgeon shares how a successful renovation should look and offers tips for increased profitability every time. For complete show notes go to http://olddawgsreinetwork.com/abcs-rental-property-renovations/ IF YOU LIKED THIS PODCAST, we would love if you would go iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast. This will greatly help in sharing this podcast with others seeking to learn real estate investing.
Van Sturgeon is a real estate investor and general contractor who has seen it all through his 30+ years of experience in the industry. Today he helps new real estate investors gain the confidence to perform value-add renovations on their properties. Van tells us the secrets behind a successful project: having a clear goal in mind, filtering out needs vs wants, having a proper scope of work, and the keys to attracting quality craftsman for your reno.
Justin Stoddart So the big question is this: How do those of us in the real estate industry, with crazy amounts of ambition, how do we Think Bigger than the building of our own empires? How do we simultaneously see success and significance, income and impact? My name is Justin Stoddart, and this is the Think Bigger Real Estate Show.Justin Stoddart Welcome back to the Think Bigger Real Estate Show. I'm your host Justin Stoddart and I'm excited about today's episode. We're going to do a couple of things that are going to be really valuable for you. Number one, we're going to help you understand how to differentiate by understanding how to renovate and rehabilitate a home. Your clients are going to be better advised and better taken care of than they will with another Realtor by learning what you learn today. Justin Stoddart Secondly, we're going to talk about how this knowledge can help you see properties that you may have looked past, and be able to see them as an investment opportunity, taking you off the sideline of being an investor into the game of being an investor. Justin Stoddart I'm excited to introduce today's guest. Before I do that, let me remind you that inside of the Think Bigger Real Estate Group on Facebook, is where we go deeper on these topics, we introduce the guest of the show, and we allow you to ask additional questions, get to know them and get to know what they can do to help you go deeper on these topics. Justin Stoddart Today's guest is somebody that you want to know his name: Van Sturgeon, currently coming to us out of Canada. And he has let me give you a quick kind of background on his situation. He owns over 1000 units across North America. He's has rehabilitated over 1000 units as well, and is someone who now coaches and helps other people to understand that process. Van, It's a total pleasure to have you on the show today. Van Sturgeon I really do appreciate the opportunity to spend some time with you. Thank you, I've been admirer of yours. I've listened a number of your podcast. So you got a lot of great content. And hopefully I can help folks out there with you know, giving us some secrets, tips, insights about the whole renovation rehab process. Justin Stoddart I love it. If it's time of day, we'll probably have a few people that you know that will tune in live if you are watching live. And you have a question on your mind that you've always wanted to ask about renovations rehabilitations of homes, please do put it in the comments. We'll get to those as we go through the episode. If you're listening to this afterwards, be sure and again, check into the group as well as vansturgeon.com. You'll see the name here at the bottom you'll be able to get some additional resources this man is mentally done at visa. He's also written three books that teach people how to do exactly that. So Van, talk to us about how you got your start as a real estate investor, seeing the opportunity really of rehabilitating renovating homes. Van Sturgeon Just quickly, like I'm a product of the late 60s and I grew up in, in Chicago, my parents and I along with my little brother lived in a one bedroom apartment and in Chicago, and my parents wanted to live the American dream, save up their money to buy their first their first house. And in the midst of doing that, they discovered that the building that we were living in, had gone up for sale. And instead of buying that actual house, they decided to put a down payment and purchase the apartment building a real living. So we instead of being property owners, my parents became landlords. And that was that happened during the late 70s. Where it was a it was a really tumultuous time, Justin, the year two, I think you're too young to remember the gas lines and having to wait in line to get gas for your car and interest rates at 18-20 some odd percent, it was just a really miserable time in America. And it during the midst of that, that's our building that was fully occupied, it's all of a sudden started to suffer a lot of vacancies, a lot of the good neighborhood turned into a bad neighborhood. So as good folks leaving, you know, the gangs and drug dealers and all that kind of stuff started to come into our neighborhood. And as a result of that, we started to see vacancies rates skyrocket. And as a family, we had to do everything ourselves in order to be able to make ends meet. So part of the whole thing was as a, you know, part of that was learning how to paint and plaster and do roof work and replace windows and carpeting and all that kind of stuff. So we walked through that period of time and then eventually graduated from university, I could have gone and become a lawyer but decided I wanted to get into this real estate construction renovation thing. And that's when I opened up my jaw contracting firm in Chicago, and started to grow and develop that. And as years went by in the early 90s are they're pretty good terms of real estate, or in terms of construction renovation. And I kept running into the same people over and over again that I would quote work on these real estate investors who would buy properties and and then would flip them and and there were other guys who would buy their properties would do some work to them and mentally hold on to them as rentals and to add to their portfolio. And it was through those individuals and seeing what they're doing got me involved and I slowly over a period of time progressed to where I own over 1000 units right now. They're spread over four areas in Michigan, Ohio, New Brunswick and Florida. And I still have a number of successful businesses that are in real estate, whether it's a property management, renovation. I also build homes, subdivision builders as well. And I got really a lot of great people involved, whether they're employees or partners that look after my businesses and, and some sort of like, in that semi retirement stage in my life where I've kind of downshifted, they, you know, this whole, this whole trek has taken a lot out of me, including, especially my family. So I'm sort of in that stage where I just enjoying life, and I just want to contribute and help people out because I know that there's a lot of, there's a lot of fear out there with regards to rehabilitation renovation of properties. And I know that there's a real need out there for folks that want to really grab complete control over the renovations who want to avoid dealing with or having to deal with bad contractors and tradespeople and really just be able to increase the value of their properties and, and and all those three things I'm an expert on because I literally have anything you can think of that walks and crawls in real estate I've done in terms of renovating from apartments all the way to house single family homes, commercial properties, things that sort. Justin Stoddart It's interesting how many people will kind of hang their hat on I want to get you know, it's kind of small handful of rental properties, create some mailbox money, write some passive income. for retirement, I can't imagine sitting on 1000 units like good for you. That's impressive. Kudos to you for all the sacrifices that you've made to make that happen. Let's Let's start with kind of the first topic. And I appreciate that background, it creates such context for all of us to really appreciate and value who we're talking to. When we get into this concept of right now we're in a very low inventory situation, right? Not enough homes for sale, compared to the amount of buyer demand. And it's very competitive as a real estate agent, you're working very hard to try and differentiate and separate yourself from the competition. Obviously, we live in not the industrial era anymore. We live in the knowledge economy where the more you know, right, the more valuable you are. And I hope real estate agents really internalize that concept. Because when you can start to have your knowledge reflect the needs in the marketplace. Now you become highly valued, and you start to stand out from your competition and price is less than less if not a complete non issue. And so having this ability as a real estate agent, to be able to understand, right, not just HGTV understand, like to say, Van, you were like rehabilitating homes before it was cool, right? Like before, it was like all over HGTV you were the guy doing it. And so you know, to those out there that are like, you know, if I could have a deep understanding what that looks like, not just the HGTV service level, but like, coach by or under, you know, have deep understanding from Van Sturgeon type, you know, be able to have that kind of conversation with people about, hey, if we, if we bought this home at this price, here's what I think we could do with it. Right?Justin Stoddart How would a real estate agent, what what are some of the key factors do you think that real estate agents should know? And maybe where should they start if they wanted to kind of go to that path of really understanding how to be a great advisor to their clients, on homes that can use a little bit of work?Van Sturgeon Justin, you nailed it on the head. We live in a different time than 30 years ago lay I when I got started in this in this business. I was doing burb before there was a birth strategy. And right now we live in a world where information is at the fingertips of everyone. And the differentiator that real estate agents salespeople need to have is the ability to be able to go beyond the access to information but really provides some insight on properties that might be potentially up for sale, or currently are for sale. So I part of that service offering that I think that might be a differentiator, that able to distinguish yourself from others is the ability to be able to walk into a property and be able to provide some sort of assessment as to the physical condition of the property. And what are they requires in order to be able to be raised to a certain level that can actually result in profit for that real estate investor who's that that might be your client, or for even for that residential family who's just looking to purchase their first home. There's some real value there that goes over and past what you can find on the internet. If you can provide that in a clear and concise way that is easily digestible by the by the clients or individuals that you are that you're working with. There's a real need out there in the marketplace because right now as you touched on, suppliers is incredibly ridiculously low. You only have a limited amount of time literally hours to make a decision for whether you want to move forward on a property or not.Van Sturgeon And, you know, if you had the time, you might be able to call up your contractor friend to take a look at it and kick the tires to see what really needs to be done on a property, or perhaps even go further and pay to a home inspector or property inspector to come out and look at it and give you a laundry list of things that need to be done on the property. But right now, we don't live in those. We don't live in that condition. Right now. It is crazy. And so if you want to move, you need to be able to act quickly determine what the value of that property is today and what it could be tomorrow. And what is the you know, we're all buying, we're all looking for the ugly duckling the diamond in a rough, but what is it that's going to be what kind of capital infusion or injection, what needs to be done at that property to raise the value to make sense of this investment? If we're looking at it as investment, obviously, Rogen as a residential property? It doesn't, you know, if you're living in it, that really that's a different animal all to itself. Justin Stoddart Yeah, great point. A you, right? I mean, that skill set to be able to go in and do that and not have to rely upon like you said, an inspector, or a contractor. Right? So let's just give people a little bit of sampling. Well, let me let me back up maybe even more important than giving them kind of the nuts and bolts of what to look for, right? Because we could spend all day doing that kind of that's a whole different conversation.Justin Stoddart What kind of financial opportunity, I mean, why, let's go back to the why if someone would do this, obviously, we've talked about how it's going to differentiate, differentiate them from other agents, right? That they're going to be able to have conversations their clients, to allow them to pursue homes, that the typical agent would be like, I wouldn't do that if I were you, right. Whereas when you have an understanding of that, now, all of a sudden, there's more inventory on the market, because you can actually do more and and get the home to be how your clients want it to be without it having to be that way now, right. But you had mentioned about understanding this process, you can help people to save between 30 to 50% on a renovation, talk to us about that a little bit. Van Sturgeon Sure. The, the whole notion behind saving that dramatic amount of money is is comes from the ability to be able to sort of pushed the general contractor off to the side, put them actually to the curb, and you acting as your own general contractor in these renovation rehab projects. If you look at a renovation that costs $50,000, and I am a general contractor, by the way, that's how I got my started, I still am. If I were to price out a job and just charge you or gave an estimate of $50,000, Justin, my net cost on that would be somewhere around 30 to 35,000. So I would be making a profit of 15 to $20,000 on that project. And I have to in order for me to babysit look after it use my knowledge and experience over the course of two, three months to look after that project, I need to have that kind of money. And so by virtue of you eliminating that, or pushing that kazon contract offer off to the side, and taking over that opposition and planning and managing that renovation rehab, by virtue of that you are already in a product in that, you know, you've saved that 15,000 $20,000. The next step forward is that by virtue of you taking over that actually being that that that person looks after the planning and managing you have much better control, complete control over your renovation rehab, and you're able to really dive down and identify the good trades people and contractors you want to do business with, and the ones you don't. And then the next step, of course is you're just able to pick and identify the items, you really truly need to be able to raise the value of the property. So that's where the whole ocean idea of being able to walk in and be able to save that kind of money is to act as your own GC. And in most municipalities all across North America, that opportunity exists. If you're the principal, if you're the owner of the property. Some areas very few won't even allow you to do that you have to be licensed. But in many, many parts, you know, you have property rights, you're allowed to be able to do whatever you want to do within reason, of course within building law bylaws, being able to do whatever you want in your property. So we Justin Stoddart Think about that. If you could go in and know exactly what you are, like you need to upgrade, like most people will look at a property be like that, like that doesn't pencil, right? That doesn't make sense. But when you can go in and spend the right amount of money on the right things to get the right amount of rental return, right, kind of the right price for your tenants, all of a sudden now a whole new, again, you're increasing inventory by not just creating inventory for your clients, but also creating inventory for your investment portfolio. Things that didn't pencil before all of a sudden do because you put the right money into the right things which demand a higher price point in the rental market. Is that right hearing you say? Van Sturgeon Yeah, look, if I can add to that is that oftentimes I find that there's a lack of information or lack of research that are done by by agents, salespeople and principals. The actual homeowners and or investors and what they wanted to what types of upgrades and repairs or renovations re rehabs that they want to do that are a property that gives the highest ROI. And so one of the things I stress in individuals that want to engage in that process is that you really thoroughly guys do your due diligence in that area where your property's located and identify what it is that you're actually looking to do, if you're looking to do a house flip is different than if you're looking to hold on to a property as a rental. And even then those are the both those scenarios. What is it that what's the ultimate end game, if it's a flip, how much money do you want to make, if it's a rental, how much money do you want to rent it out. And once you have those goals identified and written down, and they're staring right at you, then you got to go out there in the marketplace and validate, that's where the critical, critical role of a real estate agent salesperson is that they can help that their client to be able to say, hey, if you bought this property, and if you did this, this, this because I saw this, this, this and that property down the street, two blocks down. And if you did that this is what they're doing. This is how much you sold it for and made profit wise, this is how much you're renting it for these are greater This is the kind of information that I or you know, as a client of yours would be very appreciative of because you save me a lot of legwork and you eliminate any, any, you provide more clarity, you provide more clarity by going to your client and saying, hey, these are things you can do to raise the value, and you get the highest return on your investment. Justin Stoddart Boy that was a powerful script, that everybody that's listening to this kind of takes that to heart that that conversation that you can have with a client, by understanding this process is wildly valuable to be able to say, this is what your home would sell for now is what it's worth now, if you made these improvements, which would cost roughly this amount, the home would then sell for this amount. And you can actually walk people through an you know, scenario of a return, right? Like that's powerful. If I'm an investor, or even just a homeowner, a buyer looking to buy, having somebody with that expertise. Justin Stoddart And again, I go back to the fact that we are moving out of a real estate economy where people are just going to choose you because they like you and they know you, right, they need to have more value than that because there's lower price options out there. And one of the ways you can differentiate, differentiate yourself, one of the key ways to differentiate yourself is to be able to have the knowledge that actually moves the needle for people that actually helps them to get a return. And or make a smart purchasing decision, especially when purchasing decisions are are rushed today, right where you have to move very quickly. And people are waiving inspections and appraisals and all kinds of stuff that could really come back to bite them to be able to go in and be able to give some confidence that and still compete in that crazy market, right still be able to compete with an offer that's going to get accepted. But to be able to have some more knowledge than the typical agent and just being there to open a door and say, Do you like it? Do you want to write an offer? Right, those days are are going those are not going to be well paid agents, if I don't think those are well paid agents anymore. I think those those agents to get that kind of business are after the discount significantly. But you don't have to go there by earning by by gaining increased knowledge in this space, you make yourself invaluable to your clients. Van Sturgeon Absolutely, like I live for again, we're dealing with individuals that are new homeowners or new real estate investors, the added confidence that you can provide as a as a bonafide expert, as a real estate agent who understands the market. And you're able to provide these tips, these little tidbits of information with regards to this particular property you're looking at and why it's a it's an ugly duckling that should be purchased. Because you can do this, this this to do you know, to get X amount of dollars, or ROI, ROI return is huge, because a lot of folks are looking for that we're not talking about the seasoned real estate investor. I'm not talking about that. We're talking about the individuals that have come in in the marketplace, or new real estate investors who need that guidance, they need that support. And that's where i is i think is a missing or a critical component to a successful real estate agent to be able to really make some headway is by being able to provide that that little extra in confidence. How do you get that confidence being understated being fully appreciative and understand the process of rehabilitating renovating a property and being able to give that kind of information to your clients that they can then seize on? And and and you know, and everything's good, solid? It's a win win situation. Justin Stoddart Yeah, it's great stuff. And let's go to the second point here of now, in fact, I think was Gary Keller that said, you should sell every house that you don't buy yourself. I think when you step into the real estate industry as a real estate agent, you know, one of the things that that agents oftentimes don't realize when they walk away from maybe corporate America or some of the thing is that there's no built in retirement plan. Now some companies have established some profit, share some revenue, share stuff, that's wildly helpful, but for the most part, you're on your own to create your own retirement, right. And obviously even in those scenarios, you're able to create your own retirement. And so many agents over overlook the opportunity that you're on the very front lines of seeing what investment opportunities are out there. And that really is the inside track that really is the insider trading information that allows you to build a far better retirement that then corporate America, you know, could ever provide for you. However, most agents don't start thinking that way until later in their career. In fact, I've heard agent after agent, oftentimes ask them, what's the what's the one bit of advice you tell yourself, if you were to go back and talk to yourself, just getting started in the business, and one of the common threads is I tell myself to buy a property every year, right? Like dude, like, make whatever sacrifices, increase my goals, right, instead of just having my goals be like, Okay, I'm gonna, I'm gonna take care of my earnings this year, and I'm gonna, I'm gonna, I'm gonna go on a vacation, I would raise that goal, another X amount, so that I could afford a rental property every year, you do that, and all of a sudden, 10 years in, now, all of a sudden, you're dependent upon, you know, making a commission check every month, right, it starts to offset that. And then you get to the point where you're like, then where, you know, life's you're sitting pretty, you know, you're sitting pretty. So again, but again, many agents don't see that opportunity because again, they're intimidated by the fact of the renovation and rehabilitation space. Justin Stoddart And that I didn't mention this to you. But I was a high end home builder, for a number of years nearly to kind of starting in early 2000. And so I know a thing or two about contracts, subcontracts. how, you know, though, like the right subcontractors can make or break you. Talk to us a little bit about now this investment opportunity, right? Obviously, we've talked about it as being an advisor to your clients and offering significant value to them. So that you get chosen every time so that you win every deal, right? Because you can help them to see inventory that that other agents would would steer you away from. Now, let's take the perspective of now you're the agent or the investor slash agent. And I'll put it in that order on purpose, right? Is it like what kinds of opportunities does this knowledge allow you to take advantage of having an understanding of the things that you teach? Van Sturgeon I couldn't agree with you more about real estate agents, they are they're their own little companies, it's, and they need to look after themselves, and moving forward in the future. And I've also, in the early days, debated about moving towards getting my real estate license because agents license because there were an our opportunities that folks like you are able to see, then then we out there in the public. There are definitely opportunities every single day, in every single market, those opportunities exist. And those are, you need to be in a position in a right proper mindset, and also have the tools available and the heart and the passion to be able to go out there and seize them. There are opportunities every single day, other investors are looking for individuals to be able to partner up with where folks like yours truly has money that's looking for partners to be able to identify those deals, whether it's on the residential commercial side, and be able to do partner up and move the ball forward so that it's a win win situation. These are the types of opportunities that real estate agents can afford themselves. If they strategically start to think about, you know that the spending more spending some time not spending some time on trying to identify who they are and how they can move the ball forward, being able to create that real estate portfolio, that passive income, that venture over a period of time, all of a sudden, can be their sole source of income. And it's not all that difficult, Justin to create that it's just a matter of sort of taking yourself out of that box and looking, you know, looking at looking at yourself and seeing where it is, where are you today and where you want to be tomorrow. But the opportunities definitely exists more so for real estate agents, because it's the things that you see, and the relationships that you have, and the networking opportunities to be able to not only reach out to fellow real estate agents who might come across an opportunity, but also to reach out to investors who might have the capital to be able to go in on a on a partnership basis to be able to, you know, get out there and create some opportunities for yourself. Justin Stoddart Yeah, I love how you said that. And again, you see opportunities that others would pass over right? You'd see see things that others the others won't see. And it really, really can create quite a compelling future for you if you get started early enough. And if you aren't intimidated by stuff that you don't need to be intimidated by, right having having to get built homes or invaded homes myself, I know that to the discerning eye you can get yourself in trouble. Right. But to the discerning eye, you can you can create you know you can create wealth for yourself. So, so muchVan Sturgeon So Justin, you again, real estate agents have an incredible opportunity because they they are, if they're active in their marketplace, they understand in another in a much more elaborate level of what the what the market dynamics are in these particular niche or sub markets. And being able to position yourself as that as having that information and being able to act on it is, is huge. And that's the reason why you find a lot of real estate investors actually have migrated from that, were there real estate agents, there's a lot of very, very big real estate investors that came out of that field were their real estate agents first, and they might still continue to be and accumulate huge portfolios of properties, and is finding those in real estate agents understand that, you know, things like curb appeal are important, understand the needs of certain things that are, you know, that are in the property. And it also can create certain differentiators within that property that separates you from what the masses are. Now, because of the market that we're in, that kind of is not as necessary, but things will change this, what we're going through is not going to continue it there will be hopefully there won't be a crash or something that'll hopefully, it'll be a slow letdown. But there will be a letdown, I think we're already starting to see glimpses of that it's not as robust. The real estate market is not as robust as it was maybe three months ago, and things will sort of subside, and then really the opera, more opportunities will present themselves. It's just you got to be in a proper mindset, to be able to say, hey, I want to be proactive, and I want to be able to do all of this stuff. You have the information, you have the tools, you have the knowledge, it's a matter of putting getting out of that comfort zone, there's a lot of fear that's involved in taking that next step for saying, Hey, I'm going to buy that investment property, or finding that relationship with somebody to be able to go on a partnership basis to purchase I bought some property, there's a lot of fear. And it's normal, everybody has fears. So it's like walking or walking into that, you know, when you're 16 years old walking to that car, and you're getting in the driver's seat for the first time, the apprehension, that tension to all that, you know, all that stuff. And then several years later, it's like no big deal, you just hop in there, and you just drive off. But think about all the things that you have to go through the process in order to be able to drive the vehicle successfully from point A to point B. But yes, it's second nature to us, it's a matter of getting out of that comfort zone and get out, get out, you know, get the fear out, go in, Justin Stoddart I would say, you know, it's always important to dig your well before you're thirsty, right to gain the knowledge. Even if you're like, I don't see any properties I need to renovate right now. Once you gain the knowledge, your paradigm shifts, you start to see through a different lens, you start to see things you wouldn't see otherwise, I think it's important for people understand that once. Once you gain new knowledge, the world looks different. And you start to see things and focus on things that you wouldn't have seen before. Van Sturgeon That's what I have seen time and time again, with clients that I've worked closely with in going through the process new real estate investors when they're going through the process of their first renovation, rehab, where I walk them through the whole planning and management of it. And it's it's a beautiful process to watch because it's a it's a everybody is they have complete control over the renovation, they don't have to deal with these bad contractors in situations, we strategically do things so that you have a beautiful streamlined process where you complete the project and you save 10s of 1000s of dollars. And at the end of the day, you learn a skill set, you've got the confidence because you already did one, you already got a notch on your belt, you've done it, you've done it before, to be able to move on to your next project where it's going to you've got the confidence in being able to just be able to move the process forward. So it's, I strongly encourage people and folks that if you really want to differentiate yourself in the marketplace, to be able to offer that to your clients is is I think in many cases is a game changer because it attracts people to you. Bet other people other agents are not doing. Justin Stoddart Yeah, that's a great point. Then my final question is going to be this you're a big thinker, obviously you've done some incredible things in the real estate investing space and now guiding and teaching other people to do the same. What does Van Sturgeon do to continue to be a big thinker to continue to expand his possibilities?Van Sturgeon You know, I by interaction with folks on a daily basis that are getting out there and starting their their real estate investment careers and being successful at it really fills my fills my soul I really enjoyed I don't I do this because I'm passionate about it. I have all this experience with over 30 years. I like to well I love being able to share by virtue of that exchange of information keeps me up to date keeps me an understanding of what's happening in the marketplace. And so on one hand I do it because the sheer pleasure of seeing people be so successful but also the same time it gives it keeps the finger on the pulse of what's happening out there across North America. And and I'm thoroughly blessed by the opportunity and I continue to enjoy every single day waking up and dealing with folks and helping them out and starting their new year started in real estate investment career where they get to the point where they have passive income and being able to create financial freedom is tremendous. And then some of them might even just be able to carry a portfolio and pass it on to their, you know, to their children. And that's that's beautiful stuff. Justin Stoddart Something just came to mind, you know, if you want to be successful learn, and apply if you want to be significant teach, and coach and I think that's kind of what you embody, right? Someone who's done both success and significance, which is the absolute mission of this show has helped people to marry the two is that they're not exclusive to each other to help people to think bigger than real estate, to pursue success and significance, income and impact. vana spent a total pleasure, appreciate everything that you've shared today. And the value offering you bring the marketplace for those that are interested in gaining this knowledge. So you can really separate yourself from the average agent and separate yourself from the average investor, go to vansturgeon.com, you can learn more about his books, the things that he has there for free, as well as some ways that he can actually coach you through your your rehabilitation and renovation projects. So, Van, total pleasure. Thank you again. And to everybody. My final request is this. Go Think Bigger than we appreciate you. Justin Stoddart I want to thank you for tuning in to this episode of the thick bigger real estate show. If you found value here, I asked three things. Number one, give us a review. Number two, go to Facebook and in groups search, think bigger real estate and apply to join. Here you will find a community of big thinking professionals that will help you grow your income, your independence and your impact. And my third request is go think bigger
Host: Brandon Elliott @BrandonElliottInvestments | Guest Today: Van Sturgeon Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses ----------------------------
In this episode, Van shares a story about his parents buying an apartment building back in the ‘70s and gives great advice on how to get involved in real estate no matter how much money you have. Key takeaways to listen for Doing your diligence on the market Creating a power team Investing in education Building a network About Van Sturgeon Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, construction, and renovation. Van personally owns over 1,000 properties across North America and is semi-retired from the day-to-day operations of his businesses. Van is passionate about helping homeowners and real estate investors overcome their fears of house renovations and loves to be actively involved in helping people reach their goals. Connect with Van Website: www.vansturgeon.com Instagram: @vansturgeon Facebook: Van Sturgeon LinkedIn: Van Sturgeon Visit the website to sign up for Free Renovation Calculator Connect with Leigh Please subscribe to this podcast in iTunes or in the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram or on Twitter or any social networks by clicking here. Subscribe to Leigh's other podcast Real Estate From The Rooftops! Sponsor: If you're tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.
Mr. Van Sturgeon has is passionate about helping homeowners and real estate investors overcome their fears of home renovations and in buying and flipping homes. He has been on several Podcasts (The C.A.R.E More & Work Less by Jeffrey Wood, A Guy that Know A Guy by Michael Whitehouse, Culture Sway by Antonia Moore, and Relish the Journey by Myles Biggs).He has also been featured in the following articles: Los Angeles Tribune, The Ritz Herald, The Hutson Weekly, Madison Graph, Lincoln Citizen, Belmont Star, Yahoo News, and Yahoo Finance.He has lots of information and EBooks on his website: www.vansturgeon.com and you can also find him on IG #vansyurgeon.A valuable resource that will help you become more successful in your home renovations and home flip business
Although Van spent over 30 years as a General Contractor, he now advocates for a much different approach to rehab projects. He advises investors to be their OWN General Contractor. It's a really compelling perspective and one that provides the opportunity to learn some extremely valuable skillsets you wouldn't normally learn on rehabs. Check out this episode to see if this strategy may be the right fit for your next project. Don't forget to leave a rating or review on iTunes! It helps out the show a lot. Thanks so much!
Van Sturgeon came from humble beginnings in Chicago helping to manage a property with his family. He turned to starting a construction business to live out the American Dream, and from there one thing has led to the next. Today he is an experienced entrepreneur who has businesses in land acquisition, development, construction, renovation, as well as owning over 1,000 properties in North America. Because he's built his companies with great people, he's now semi-retired and spending his time coaching and mentoring others. Primarily he helps homeowners and real estate investors overcome their fears of house renovations and helps them to achieve their real estate goals.Follow Van
30+ highly successful years in property, a portfolio of over 1,000 properties, and several successful businesses that have helped him become semi-retired. Investments, profit, and money. And yet, the first set of many golden nuggets shared by Van Sturgeon in today's show are the same key principles that other successful guests on This Week In Property routinely share with us: having the right mindset, networking, and seeking to help others... --------------- In an enviable position of being semi-retired, Van Sturgeon continues to invest and develop, but also spends a lot of his time training and mentoring other property investors to succeed. A vast experience in residential flips, commercial renovations, and land and new build development, there's not much this man hasn't seen. > Van shares his key points on keeping complex projects and investments simple... > His principles for assessing and evaluating opportunities quickly before you lose them... > The challenges that face every property investor... > Choosing to focus on cashflow or capital appreciation... > And the key item used in massive value commercial developments that Van believes should be used to ensure success in every much simpler residential refurb...
Your host David Dodge is very excited to introduce Van Sturgeon on Discount Property Investor Podcast. They talked about how to save 30%-50% on your rehab projects. Listen to this episode to learn more about the tips and tricks on how to save money on your rehabilitation projects. Van also provides free training and offers free renovation calculator. Check this episode and start learning!
Van is a real estate investor and general contractor, and in this episode, Van will be teaching us how we can be our own general contractor on our rehab projects. The rehab process is arguably the most important part of doing a flip. Doing it correctly means you will finish your project on time and on budget. While on the other hand, relying on an untrustworthy General Contractor will often mean that your project will run over budget, the work will have poor quality, and you'll never know where you are in your timeline. In the worst-case scenario, your contractor might run away with your money in the middle of a job! If you want to learn more about how to become your own GC to efficiently manage your flips then you need to listen to this episode!
Join us as we discuss taking control of our projects with Van Sturgeon.
Interview with Van Sturgeon, entrepreneur, real estate investor, general contractor and more discussing his strategy for helping real estate investors to avoid the fear of renovations. Instagram: @vansturgeon Facebook : vansturgeon Email: info@vansturgeon.com Residence: Toronto, Ontario Canada Company: Van Sturgeon Website: www.vansturgeon.com Music Credit Bits And Bytes by Claus Appel Link: https://filmmusic.io/song/4688-bits-and-bytes License: http://creativecommons.org/licenses/by/4.0/ Mentioned in this episode: Network without talking to strangers Did you know that you can network without ever talking to a stranger? It's true. Networking is not about awkward conversations and elevator pitches. It is about making connections and creating value. I'll teach you how in a two minute video at https://www.guywhoknowsaguy.com/innercircle Get my MP3 I have recorded my book in audio form. Get your copy for free at https://www.guywhoknowsaguy.com
Van Sturgeon is a Real Estate Investor. Born in Chicago he has gone on to build, renovate and develop properties across North America. Take a listen to this in-depth of the dos and don't of real estate investment. Instagram: @vansturgeon Facebook : vansturgeon Email: info@vansturgeon.com Residence: Toronto, Ontario Canada Company: Van Sturgeon Website: www.vansturgeon.com