Podcasts about woodland meadows

On this episode of Gathering The Kings, Jorge Newbery, the titan of real estate with a 7+ figure track record, joins Chaz Wolfe on the king's stage. As the driving force behind American Homeowner Preservation LLC, Jorge has not only built an empire out of Illinois in a span of 14 years but also nurtured a 120-strong team. Jorge is now setting sights on taking his venture to the public domain soon.Get ready to unpack Jorge's success formula as he and Chaz Wolfe crack open discussions about mastering incremental progress for monumental successes, sidestepping the pitfalls of overconfidence, the lessons from Woodland Meadows' descent, and the indomitable strength of believing in oneself.

Multifamily Risk and Reward balance most of the time, unless you are Jorge Newbery. Jorge Newbery, is a high school dropout with more drive and focus than most successful real estate investors.  His drive for success has led him to create multiple successful companies and amazing success.   Entrepreneurial Before the age of 25 and prior to investing in real estate, Jorge had several entrepreneurial endeavors.   He purchased a refrigerated tricycle and pedaled through his neighborhood selling ice cream to the neighbors.   He became a record producer for hardcore punk bands in the Los Angeles, CA. Olympic Cyclist: He competed in an Olympic trials for a chance to go to the Olympics.   Real Estate Mortgage Broker - worked to become the top representative in one company, then started a successful mortgage brokerage. Multifamily Risk and Reward  In 1992, Jorge recognized the opportunity in undervalued real estate based on all the loans he had been making to his clients.  So, he purchased his first investment property, a 4 plex. Like his prior entrepreneurial endeavors he did not stop with a 4 plex.  Subsequently, he purchased a 19, 50 and a 298 unit property all in Southern California. The properties Jorge was purchasing were the most challenged properties available.  This was because he recognized he could most positively add value in these unwanted, undervalued properties.   There were some hiccups along the way, like the time when he was sited for 32 housing code violations and the threat of jail.  Fortunately, his prior work and reputation was recognized by the authorities, and jail time was avoided.   When he sold his Los Angeles multifamily properties, he had a proven value add system, over $1,000,000 in profit and a sense that he was unstoppable.   More Risk More Reward After his success in Los Angeles, Jorge turned his sites towards the Midwest in search of more risk and reward.  His search led him to Pickwick Plaza Apartments in Kansas City, MO. The 233 unit property was distressed, and for Jorge, this was another opportunity.  The purchase price was $1.6 M and he put another $1.5M into the value add rehab. Upon the renovation completion, the property appraised for $8M, which allowed Jorge to refinance, take some cash and find another property.   When he traveled to these locations, rather than rent a hotel room when he visited his properties, Jorge would take up residency in one of the property’s vacant units.  Because he was buying such rough properties, this made him intimately aware of the living conditions residents were experiencing. Sometimes, the local press picked up on this and would publish stories about how the out of town owner was moving in with the residents of the roughest property in town.  Success breeds confidence.  Jorge had successfully turned multiple rough properties into handsome profits.  His track record attracted bigger challenges and capital to do the next big challenge.  BIGGEST Challenge Looking for the next big challenge, Jorge was led to Columbus, OH.  There he found an 1,100 unit property named, Woodland Meadows, aka Uzi Alley due to the gang activity.  He purchased the property at auction for $13.5 M and promptly moved in.  The property had its own onsite armed security patrol with a jail.  The security patrol was all white and the residents were primarily minority.  When Jorge saw the jail with a tenant locked up, his first act was to release the tenant.  Soon after, he closed the jail, terminated the security force, and assembled his own unarmed Community Patrol made up of Jorge, his managers and paid volunteer residents.   The Transformation  Originally, the property was built as workforce housing.  When Jorge acquired the property, over 40% of residents received Section 8 vouchers.  Many unemployed residents with lots of time on their hands On patrol, it was common to find a large group of intimidating teenagers gathered on a street corner.  Pizza delivery drivers refused to deliver in the community due to safety concerns. The Community Patrol would ask the group to leave.  Ultimately the kids would leave one corner and move to another corner. The frequent inner actions with the teenage residents let the teens to ask Jorge for jobs.  Jobs for Residents The continuous request for jobs made Jorge ask his contractors, if there a way to train the kids and put them to work?  He was spending millions of dollars to rehab the property, and the contractors had more than enough work. The contractors agreed to put a training course together for the residents.  For residents wanting jobs, the contractors training course taught basic skills needed to work in construction.  The opportunity for the residents was this: If they showed up everyday on time and did not miss any of the training for two weeks, at the end of two weeks, they would get jobs. The first class had three participants.  After the two weeks, the three trainees had jobs.  Word of the jobs for trainees quickly traveled through the community.  The next class had 40+ trainees. The transformation was incredible to see.  At first the trainees would show up dressed with their pants falling off. Within a few days, trainees started showing up dressed like they were going to church.  They really wanted to learn and wanted the jobs.   Change from Residents The residents wanted change.  Once they were employed in the community, they took pride in their work and community.  They self policed, the community, and if someone wanted to harm their community, employed resident would actively discourage the would be trouble maker.  Community pride was contagious.   Jorge was able to prove that by providing training and jobs to local residents, he created responsible citizens.  Instead of paying the outside contractors money that they took home to their neighborhood, the tenants received training and compensation for the work they did to improve their community.  The work gave the residents money so that they could pay their rent. Some of the trainee graduates went onto create their own businesses that are still in business today. Pizza Delivery Drivers were no longer afraid to deliver pizza  Now he had a value add formula on how to turn around the biggest challenge he could find.  Not only was he changing the property, but he was changing lives.   By December 2004, the property renovation was complete and occupancy had increased to 80%.   Disaster Strikes Christmas Eve 2004 an ice storm struck Collumbus, Ohio.  Trees & power poles were knocked down, and power was out for all of Woodland Meadows.  With no power, the electric boilers were unable to generate heat. For four days, the temperature was below 0 degrees and the water in the pipes froze.  When the power came back on, it was clear that things were out of sorts. As the temperature rose, the frozen pipes thawed. Water started pouring through cracked pipes, into the apartments. Insurance Realizing the damage caused would need a lot of money to fix, Jorge called his insurance company to see what help his policy could provide.  The adjuster made a quick inspection of the property, and returned to his office. A couple of days later, the adjuster called to say, “you are not covered.  The damage was caused by your boilers. You do not have boiler coverage, and you are not covered.” Jorge’s attorney explained that on large claims, insurance companies often will use a strategy of delaying payment in an effort to force the claimant to settle for a reduced amount of money rather than the amount provided by the insurance company.  Jorge knew he had coverage and thought the insurance company would eventually pay the claim.  Rather than wait until they paid, he elected to borrow against the equity in his other properties for some cash to pay for the repairs needed at Woodland Meadows.  He figured that when he received the insurance settlement, he would pay off the loans.  After a couple months of trying to work with the insurance company to resolve the claim and their refusal to pay, left Jorge with no option but to sue his insurance company.  By August 2005, Jorge was running out of money. He had over 200 people working everyday to repair the damage. To preserve cash, he reduced his labor body count from 200 to 20.   Then the city representatives visited the property asking, “why progress is slowing down?”   The City The City, unbeknownst to Jorge, had decided that they wanted to acquire Woodland Meadows.  When the city visited in August, they sensed Jorge was at his breaking point, and they acted.  In an effort to acquire the property, they notify Jorge that he has 3 days to evacuate the property.   The city claimed that a prior owner had made a construction shortcut and given that the buildings had filled with water, the buildings were imminent danger of collapse.  Jorge hired an engineer to inspect the buildings, and he found no such evidence of danger of collapse.   The court awarded Jorge a temporary restraining order against the city of Columbus and 6 months to complete the repairs.  Jorge then authorized his attorney to make the best deal with the insurance company to collect money and get the repairs made.   The damage was estimated at $45 million.  The insurance company settled for $32 million and work was back on schedule.   HUD When the city was unable to acquire the property under the false claim of imminent danger, they notified HUD of the conditions at the property.  Under HUD guidelines, property owners receiving Section 8 income are required to maintain properties to a certain standard. Due to the damage caused by the ice storm, Woodland Meadows was below the standard. HUD notified Jorge that he had 30 days to complete the repairs, or lose the funding for his Section 8 tenants.  Jorge appealed to the local municipal court who requested HUD show up in court, but HUD refused stating that they are a Federal Agency and not bound by municipal courts. Thirty days later, HUD returned to the property and terminated contracts worth $200,000 per month in rent.  The loss of rent forced Jorge to accept the gravity of the situation and surrender. Six months later the property was evacuated by the City of Columbus.  Since then, all of the buildings have been demolished and a new high school has been built on the site. Hindsight Hindsight is always 20/20.  Had Jorge understood the city’s desire to acquire the property, he believes he would have acted differently.  In the city’s efforts to acquire the property, they had offered to help him acquire a different property. If he had accepted, he could have then taken a reduced settlement from the insurance company and moved on.  Could a, should a, would a, didn’t.   Unfortunately, Jorge saw a problem that needed a solution.  He acted in the way he believed was best to fix the problem. Out from Under the Loan In order to get the money he needed to fix Woodlawn Meadows, Jorge got loans against his other properties and signed as a personal guarantor.  This had never been a concern in the past, because nothing had ever gone wrong. However, this time was different.   Creditors pursued Jorge personally for the outstanding loans.  When he could not pay, the lenders pursued foreclosure on the properties.   At the foreclosure auction, the bank bought the Kansas City property for what was owed on the first position lean.    Jorge’s experience as a mortgage broker made him realize that when the bank foreclosed on the property, the second position loans were extinguished.  This meant that the second loan against the Kansas City property which was used to purchase the Oklahoma City property meant that the OK property free and clear.     Debt Cleanse This foreclosure experience caused Jorge to review all of his loans, where he found multiple mistakes, from minimal to egregious.  These mistakes provided leverage for him to negotiate more favorable settlements with his lenders. In one case, the bank ended up paying him to settle the debt. Shortly after this chapter in Jorge’s life, the Great Recession struck.  Jorge recognized that millions of Americans needed help negotiating settlements with their banks.  Jorge then started Debt Cleanse, to help others in need, find the errors in their loans in order to negotiate better settlements with their lender.    BIGGEST RISK  Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”   BIGGEST RISK:  To not learn from the past. And so that would be for me to look at my own past and the past of others and see what has happened, how they navigated it and, whether it makes sense to, or how that should influence my actions today. And I'll give you a real life example, is that you know the market. I've been through a couple of downturns in the real estate market and towards the end of every up cycle is like today. Today there are the lenders are, freely giving out money. It's very easy to qualify. They have these, you know, kind of almost subprime loans called non QM loans, and things have gotten very easy and that happens every time. At the top of the market that the money is free flowing, the pricing gets expensive, everything gets really competitive. I'm trying to buy loans and other people coming up with money pay more than me, And they could be the winner of the bid. But really, time will tell whether they're the winner, the loser. So today, I think the biggest risk today is ignoring the past and the fact that we are probably in a very overheated real estate market and just overheated economy, which is likely to turn down very turn down in the near future. It's hard to say exactly when it happens, but now would be the time to take some chips off the table and avoid or at least minimize that risk. For more go to: Website: DebtCleanse: https://debtcleanse.com/ Book: Burn Zones https://ahpservicing.com/

One of the Best Books I've read this year is "Burn Zones", by my guest today, Jorge P. Newbery.  In his book, Jorge tells a fascinating and brutally honest story of his rise from newspaper boy to Punk Rock Entrepreneur, from International Cycling Champion to Mortgage Broker, Distressed Apartment Investor, Publicly Vilified Landlord, and Socially Conscious Entrepreneur. Today, we're going to focus on three crucial periods in Jorge's incredible life: His early beginnings as an entrepreneur in the 1980's Los Angeles Punk Rock scene, Why he bought a run-down apartment building when the city health inspector warned him he'd end up in jail, and what really happened at Woodland Meadows, an 1,100 unit apartment complex in Columbus Ohio that was nicknamed "Uzzi Alley" for all of the murders and gun violence that had occurred there. There is nothing safe about this episode or Jorge's investing experiences.  Jorge's willingness to charge into challenges that other investor's would find impossible have made him hugely successful, and, as you'll discover, hugely controversial, politically condemned and ultimately, inspirational. Along the way, Jorge has an enormous impact in his tenant's lives, and he continues to have an impact through his socially responsible hedge fund, American Home Owners Preservation.  He also hosts a Facebook live show called "Financial Freedom Fridays with Jorge P. Newbery". Jorge can be contacted through Facebook or his websites: https://debtcleanse.com AHPServicing.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"  

When a natural disaster destroyed his real estate business in 2004, Jorge Newberry was saddled with $26 million in various debts that he couldn’t pay. Through years of fighting with creditors that were trying to collect non-stop, he discovered tactics to settle those debts for pennies on the dollar – including some for nothing at all. Today, he is the founder of American Home Preservation and DebtCleanse Group Legal Services helping people navigate challenging financial times. On today’s show, he discusses his incredible story of perseverance to create a real estate empire, lose $26 million and use his experience to help others battle their debt. Be sure to check out this very special episode!   Partner: Last Chance to Get Tickets for the Midwest Real Estate Networking Summit   Key Market Insights Started investing in 1992 before amassing about 500 units in Los Angeles Bought 298 units in downtown Los Angeles for $850,000 Started buying out of state and in 2002, purchased 1,100 in Columbus Previous 3 buyers were put in jail Given 6 months to fix up the SRO and was fined Charged with 36 criminal housing violations and paid a $10,000 fine Was on probation for 3 years 11 months later had completed the rehab and passed with no violations Sold it for a multi-million dollar gain Emboldened him to buy bad properties Bought properties in Oklahoma City, Kansas City and then Columbus Woodland Meadows – nicknamed “Uzi Alley” as it had 8 murders the previous year and was overrun by gangs, prostitutes, and drug dealers Put $1.35 million down at 10%, needed another Put down $3.5MM and found a lender to bring the balance of the $13.5MM Bought a KC property for $1.6MM, invested $1MM and had it appraised for $6MM Fired all the security after 2-3 weeks and hired community patrol Christmas Eve 2004 – ice storm hits Columbus, largest natural disaster in Ohio’s history Pipes burst on the boilers due to the storm and the insurance company refused to pay the claim Borrowed money to get Woodland Meadows up and running and by summer he ran out of money Got the insurance company to pay off $32 Million, but it was not enough to cover all the repairs 6 months later the building was vacant and they demolished it In 2008, started American Home Preservation and worked with debtors to help them relive back debt In 2013, started crowdfunding – last fund raised $36MM with 1,400 with a minimum investment of $100 AHP Servicing is now a servicer for AHP notes and others Was enlightened that creditors made mistakes and had some of the debts wiped out Led to AHP and Debt Cleanse Group Legal Services       Bull’s Eye Tips: Winning Your Market:  If you cannot afford to pay your debts, the best way to resolve it is to stop paying it   Tracking Market Changes: Listening to others Daily Habit: Each evening, he plans his calendar for the next day   Resources: Burn Zones by Jorge Newberry   Debt Cleanse by Jorge Newberry Best Business Books: The Making of a CEO by Oswald R Viva       Digital Resources Slack   Tweet This: “The insurance company’s strategy was to deny the claim, make you sue them and look for a settlement”   “The complex was nicknamed Uzi Alley as it had 8 murders the previous year”   “I realized the property had a jail onsite”       Places to Grab a Bite: Native Foods     Connect with Jorge: Website: Debtcleanse.com Email: jnewbery@debtcleanse Phone: 312-386-5679   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.    

Farm to Table Weddings - Episode #126 New Patron on Patreon - Kelly Butchien of http://www.thesimplyorganizedteacher.com/  This is her space to share her thoughts, ideas, and knowledge she has gained as a classroom teacher. Each Tuesday she posts a new blog with tips and tricks to help other have a Simply Organized classroom.  Thank you, Kelly!!! We aren't experts in this new-fangled 'farm to table' wedding trend. So we asked a friend to come to help us explain this topic. The previous co-owner of not only Woodland Meadows farms but also the owner of Activity Girl consulting, Amee Quiriconi is here today to help us explore the topic of farm to table weddings. She is an entrepreneur, inventor, product designer, and boss. Amee joined Woodland Meadows Farm in 2011 and has been tirelessly building it and Dairyland farms into premier wedding venues here in the Snohomish area. -What does Farm to Table mean? -How do you plan a farm to table wedding/reception? -Give us some ideas for decor for a farm to table wedding. -Can the couple meet the farmer and the chef(s)? -What to ask. -Types of farm to table weddings are there? ie, just the floral, meal, or drinks? -Recycling? Ideas: The goods on the table came straight from the farm, no in-betweens. In weddings, Farm to Table means being local and conscientious of your surroundings, seasons and needs. Venue- farm, winery, outdoors Food-seasonal, organic, simple, rustic, homegrown recipes Flowers-local growers, organic, salmon safe Ditch the stuffy, be open up to new ideas Do family style Wooden farm tables Food on the tables No specific seating arrangements. Go elegantly simple Do potted plants or herbs as tablescapes Natural linens and tableware Make it an intimate affair Invite only those that are close to you and who you really want to share this day with. The smaller guest list also means the less environmental impact Less travel Not as many goods consumed Less Expense Show off the venue Meet the farmers, chef Let them speak to your guests about the process Have a backup plan-mother nature can surprise you.  Harvesting changes from day to day.  Ask if your farm works with other local farms so you can get what you want or if what you want is just not available make sure you have substitutions. Enjoy the planning of your farm to table wedding.  See if you can use the venue for engagement photos. Visit the farm to see how things are growing. LINKS: Woodland Meadow Farms Fare Start Cafe My Snohomish Wedding If you'd like to support us please check out our patreon page at fromringtoveil.com/give Remember you can reach us anytime by emailing info@fromringtoveil.com Subscribe to the podcast: {Apple Podcasts} {Google Play} {Stitcher} -Until next time, No Stress No Worries Keep Calm and Listen On-

Jorge Newbery, Founder and CEO, American Homeowner Preservation. On a mission to help Americans crushed by unaffordable debt. This Ex-Apartment investor talks about going $28 million dollars into the hole. This is quite honestly the most authentic and insightful interviews I have had this 2016… editing the podcast was like watching a freaking drama movie. 1) How much simple passive Cashflow are you making today and how are you doing it?(You don't need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, Make 25% of my expenses, over $10k, although people like when people open up the kimono.)My wife and I put extra money in AHP. It’s in the low seven figures.2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Always been an entrepreneur. My last regular job was 25 years ago as branch manager of a mortgage company. Even then, most of my earnings came from commission, so the smarter I worked, the more I made. Did you "burn the boats" or did you let it happen naturally - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?3) Worst life/business moment what did you do after? Lesson learned?Shutdown of Woodland Meadows (my largest holding at 1100-units) and my subsequent financial collapse.Lessons: 1.The positive impact you can have on other lives is more important than accumulating cash. I use my Woodland Meadows experience to aid families struggling to avoid foreclosure. The best part is that AHP and our investors can also generate strong financial returns by doing so, which makes the effort sustainable and scalable. 2.Some risks you cannot anticipate.4) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.1.Next two weeks: complete improvements to ahpfund site in order to make investment process as easy and fast as possible. 2.Next six months: execute marketing campaign to raise 50MM on ahpfund.com. 5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on. Workout, work on higher-level growth of AHP (i.e. avoid getting involved in individual cases), spend time with friends and family. 6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quantity of life. Outsource/delegate more of what I do to experts, so I can focus on what I do best and free up my most precious possession: time.7) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear. a)What is your secret/hack for the "Science of Achievement?" How you do contribute back?Stay positive and upbeat even during challenging times. Embrace difficult periods and endure - the effort often gets easier. Greatness is typically preceded by surviving difficult times. b)What is your secret/hack for the "Art of Fulfillment?" Any secret habits to share?Strive for what you want, but allow yourself to be happy with what you have. 8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?https://www.ahpfund.com/ See acast.com/privacy for privacy and opt-out information.