EP031 Creating Wealth For Yourself - How to use a little known loan to purchase and rehab your first House Hack with Kevin Murphy

Can you believe that the iPhone is only 12 years old?  When you consider all of the advantages and efficiencies that smart phone technology has created for rental property owners, its hard to imagine doing any type of business without it. My guest today is going to tell us What's Next on the Technology Horizon that will not only revolutionize the way we show and lease our properties, but will also help us control our expenses and increase our income. Ryan Wendlandt is currently employed in the Technology Industry and is focused on 5G technology.  Today he's going to share his unique insight into the benefits of 5G, including the use of Augmented and Virtual Reality to aid in showing our units, built-in sensors that will monitor our resident's utility and trash usage, and the increased capacity we will have to make more money. Ryan is also a Real Estate Investor who has acquired five deals in the past year in Grand Rapids, while investing from San Diego.  He's going to share how he's able to find his deals and manage them from thousand's of miles away. I know you're going to enjoy hearing Ryan's expectations for 5G technology's impact on your Real Estate Business.  He can be contacted through his website: www.gowithvitality.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

30 Syys 201940min

Is the Landlord profession overdue for a Revolution?  Is the Business Model of covering mortgages and operating costs by charging rent no longer sufficient?  My guest today believes both of those statements to be true. Al Williamson is known as the "Worlds First Landlord Scientist", and he's on a quest to help other landlords maximize their Cashflow through alternate income streams such as Short Term Rentals and Corporate Housing.  He also has other valuable tips on increasing income and lowering expenses, many of which I'd never thought of before our conversation. Al's going to share the tips and techniques he's used in many different modes of real estate investing, including turning around inner city houses and neighborhoods, an inexpensive way to avoid costly plumbing issues, why vacancy is a function of marketing, and how he makes money off of corporate rentals even when he doesn't own the property. Al is also the author of "40 Ways to Increase The Net Income of Your Rental Property", and he can be contacted through his website or email: https://leadinglandlord.com al@leadinglandlord.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

23 Syys 201955min

If you had to guess the #1 reason  why many entrepreneurs and real estate investors fail, what would it be?  Lack of money?, Opportunities?, or Bad Timing?  According to my guest today, Lack of Focus and the inability to set Clear and Specific Goals is the number one reason. Nick Disney has spent the past ten years learning how to implement strategic goals in order to build a portfolio of 17 rental properties and 20 performing notes.  He owns a real estate business called "Sell My San Antonio House" and specializes in the different aspects of real estate investing, self-development, entrepreneurship, and running a small business. Today we'll discuss the importance of focusing on what exactly you're trying to achieve and how to break it down into the key activities you need to focus on each day.  Nick will relate these ideas to the specifics of how he achieved his goal of reaching $10,000 monthly income. We'll also discuss the crossroads that investors come to and how they must shift their goals as they find success.  Nick reached that crossroad as a 'buy & hold' investor, and decided to shift his business to become the bank and hold the note.  He'll take us through the methodical process he went through to reset his goals in order to achieve $50,000 in monthly income from his business. There's a lot of great actionable content in this episode, and Nick makes it accessible for all levels of real estate investor.  You can contact Nick by email or through his website: https://www.sellmysanantoniohouse.com nick@sellmysanantoniohouse.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

16 Syys 201953min

What do you do when your business partner goes rogue and ends up destroying your entire Real Estate Portfolio?  If you're like my guest today, then you pick yourself back up and commit to building an even bigger & better one step-by-step. Seth Ferguson is a Canadian real estate investor with 11 years of experience investing in single family, apartments, and helping others as an award-winning real estate broker.  He's also an author, Cable-TV host, and has his own podcast "Purchase To Profits". Today Seth is going to dig deep and share his most painful experience, the disastrous breakup of his business partnership and the Red Flags he should have paid more attention to.  He's also going to explain 'Negative Gearing', which basically means buying properties with negative cashflow, and why investors are willing to buy this way. We also discuss the pitfalls of the Canadian real estate market, the differences in their residential loan structures v.s. the United States, and the movement toward rent control and the negative effects it has on real estate investors and housing availability. Seth also focuses on networking with high-performing investors, and we discuss the common traits he's noticed in the ultra-successful investors.  This is just one of the great chunks of information you'll benefit from in this episode. You can find out more about Seth @ http://www.sethferguson.org And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

9 Syys 201951min

There are some great books available that can teach you how to invest in Commercial Real Estate, and one of the best of these books was written by today's guest. Brian Murray is the Best-Selling Author of "Crushing It In Apartments And Commercial Real Estate: How a Small Investor Can Make It BIG".  He's also the Founder & CEO of Washington Street Properties, which owns and operates a large portfolio of assets in upstate New York.  Brian has invested in Apartments, Office Buildings, Retail Centers, Storage, Billboards, Parking, and Mixed Use. Today Brian is going to share how he was able to build his entire portfolio through the "Value Add" process, without raising any capital from outside investors.  You'll learn what those Value Add strategies are, how Brian negotiates with sellers to acquire Seller Financing, what it was like to transition from his first Office Building to investing in Apartments, and why he sometimes will overpay for the right property. At one point in his career, Brian was a full-time teacher, and I know you're going to find what he has to say very instructive.  This is a great episode for anyone who is interested in Commercial Real Estate or who wants to build a team of professionals to help them manage their portfolio. Brian can be reached through Linkedin or Facebook.  His email is brian@washingtonstreetproperties.com, and his book can be purchased on amazon. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

2 Syys 201949min

Today we're going to compare the Pro's & Con's of investing in Multifamily & Apartments V.S. two other commercial asset classes: Self Storage & Mobile Home Parks.  Which is harder to acquire in today's market, and which will do the best during a good economy as well as a bad one? Paul Moore has returned to the show to help us answer these questions.  You might remember Paul from episode #42, where we talked about his book "The Perfect Investment: Create Enduring Wealth From The Historic Shift to Multifamily Housing".  Paul has since changed his outlook on Multifamily, and today you're going to find out why. Paul is also the Founder & Managing Director of Wellings Capital, which manages two private equity funds in commercial investments.  Paul is going to share the Value Formula he uses to exponentially create wealth in commercial properties, the tax benefits provided through Real Estate Investing, and the types of returns he strives to achieve for his investors.   Paul also hosts the podcast "How To Lose Money", where I was a guest on episode #7 talking about a Meth House I (may have) owned in New Mexico.  I always enjoy my conversations with Paul because he's so knowledgable on so many aspects of commercial investing.  I know you're going to enjoy this episode & learn some tips that will help you increase your bottom line. Paul can be contacted through his website: https://www.wellingscapital.com

26 Elo 201943min

When people ask me about investing in Detroit, my stock response is that there are a lot of great opportunities, but you really need to work with someone who understands the neighborhoods and where to find those opportunities.  Because, if you're one or two blocks off, you could lose a lot of money. Earlier this year I had the pleasure of traveling around Detroit with a seasoned investor who was kind enough to show me the neighborhoods he's investing, improving, and profiting in.  We also got to see a number of properties that he's in the process of rehabbing, flipping & selling. Today I'm excited to have Todd Chunn on the show.  Todd is a Detroit Real Estate Investor, Wholesaler, and Auction Expert at Best Invest, LLC, and he also owns a property management company called 'Investors Property Management Detroit' specializing in managing Detroit rentals for out-of-state & local investors. Todd shares a lot of great information in this episode: how he went from an employee mindset to owning several businesses, how he's finding his investment opportunities, the challenges of investing & managing tenants in Detroit, and how he became a foreclosure auction specialist. You'll also learn about the seminar and investment guru who changed Todd's life, as well as the importance of mentorship and what makes someone a 'Rockstar' employee.  Todd also has a great story about hiring several squatters to help him protect his houses. I know you're going to enjoy this episode.  I was lucky enough to spend the day with Todd, and I'm thrilled that we can bring you this conversation about his business. Todd can be reached through email, Facebook & text (to get on his buyer's list): todd@bestinvestllc.com facebook: Best Invest text for Buyer's List: 248-497-9195 & type in "Buyer's List"

19 Elo 20191h 4min

Today we're going to talk about Adaptive Re-use of Commercial Space and how it can be turned into an Asset Class that is Very Attractive & Extremely Profitable. My guest is Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities. Scott has a Masters of Architecture Degree from the Illinois Institute of Technology and he's created 47 syndications and has over 400,000 sq. ft. & 2,759 storage units under management, along with over 25 years of development & design-build experience. Scott is going to share the process he goes through in converting old warehouse space to self-storage, including his typical costs per sq. ft. for acquisition, construction & soft costs.  He'll discuss the financing that's available for these projects and how Coda builds and sells their developments to REITS.  Scott & I also discuss the importance of Mentors, what ever happened to the original 'Lincoln Log' factory in Chicago, and how he uses personality profiling techniques to build his team and understand his clients better. I know you're going to enjoy this episode, and you can learn more about Scott by going to his website: https://www.codamg.com/

12 Elo 201948min