EP121  How to Avoid Losing Your Property to the Bank:  Debt, CapEx, and Conservative Real Estate Investing, with Tyler Lyons, Justin Workman and Rob Minch

EP121 How to Avoid Losing Your Property to the Bank: Debt, CapEx, and Conservative Real Estate Investing, with Tyler Lyons, Justin Workman and Rob Minch

Tyler Lyons has acquired and rehabbed three houses in the Grand Rapids, Michigan area, and in the process he's added substantial value to each one. Tyler's goal has been to "BRRRR" - Buy, Rehab, Rent, Refinance, and Repeat. But when it came time to put financing on those properties, he wanted to make sure he avoided the pitfalls that led many investors to lose everything during the Great Recession.

How much debt on your rental properties is safe? Should you keep a good amount of equity in your property, or pull out the maximum in order to buy more? What's better, a 15-year mortgage or a 30-year? And are investors making the same mistakes in financing that were being made leading up to the last recession?

These are questions that need to be taken seriously, so who better to help answer them than "Friends of the Show" Justin Workman and Rob Minch. Justin and Rob join Tyler and me in the studio to perform a bit of Real Estate Therapy and Counseling.

Rob calls on his lending background to compare today's loan environment to the one ten years ago. Justin breaks down just how much money Tyler needs to keep in Capital Reserves for his rentals, and what that means to his ROI. And Tyler shares the process he went through in building his portfolio.

This is a great episode that I know you're going to enjoy. And I guarantee that Justin's CapEx breakdown will make you rethink how much money you should be keeping in reserves for your properties.

And if I may ask a favor, please take a moment and go to itunes to give us a rating and review. This will help us increase our listener-ship and continue getting great guests.

Jaksot(594)

EP010 Building a Portfolio during the Recession, Housing Codes, Rental Inspections and Property Maintenance with James Loftus

EP010 Building a Portfolio during the Recession, Housing Codes, Rental Inspections and Property Maintenance with James Loftus

James Loftus is a buy & hold investor who has been around long enough to have experienced the ups and downs of real estate investing.  he not only weathered the great recession, he came out stronger a...

21 Maalis 201640min

EP009 Buy & Hold Investing, Managing your own Property, and Starting Your Portfolio with Rob Minch

EP009 Buy & Hold Investing, Managing your own Property, and Starting Your Portfolio with Rob Minch

Whether you're a new investor who is wondering how to start your buy and hold portfolio, or a seasoned pro looking for tips on how to manage your property and get higher rents, you're going to enjoy m...

14 Maalis 201648min

EP008 Historic Districts and the Pros & Cons of investing in them with Suzanne Schulz

EP008 Historic Districts and the Pros & Cons of investing in them with Suzanne Schulz

Historic Districts seem to be a hot button issue lately across the country.  There are several states where legislation is being proposed that would effectively weaken or eliminate historic districts....

7 Maalis 201638min

EP007 Commercial Real Estate, Private Money, Buy & Hold, Flipping with Kathy Denison Adrianse

EP007 Commercial Real Estate, Private Money, Buy & Hold, Flipping with Kathy Denison Adrianse

Kathy Dennison Adrianse Interview:  Kathy is the owner & broker of Lighthouse Property Management, a West Michigan startup company that has been in business for thirteen years.  Kathy has a passion fo...

29 Helmi 201647min

EP006 How the Rental Property Owners Association can benefit you, with Clay Powell

EP006 How the Rental Property Owners Association can benefit you, with Clay Powell

Clay Powell Interview:  If you've been listening to this podcast then you know that there is a lot of experience and expertise in the RPOA community.  What you may not know though, is what the RPOA is...

24 Helmi 201627min

EP005 APOD and financial analysis with Russ VandenToorn

EP005 APOD and financial analysis with Russ VandenToorn

Russ VandenToorn Interview:  Russ is the owner of United Properties of West Michigan, a full service property management company in the Grand Rapids area.  Russ teaches the course on APODs (Annual Pro...

23 Helmi 201647min

EP004 Buying & Selling Rental Property, Appealing your Tax Assessment with Tom Koetsier

EP004 Buying & Selling Rental Property, Appealing your Tax Assessment with Tom Koetsier

Tom Koetsier Interview:  Tom is an award winning broker with Compass Realty Services and teaches two popular courses for the RPOA: Buying and Selling Rental Property and Successfully Appealing Your Pr...

22 Helmi 201639min

EP003 Rehabbing, Flipping, Buy & Hold, Lease Option Strategies with Justin Workman

EP003 Rehabbing, Flipping, Buy & Hold, Lease Option Strategies with Justin Workman

Justin Workman Interview: On the surface Justin Workman seems to be a rehabber, flipper, and buy & hold investor. But in reality he's employing some very creative investing strategies that have allow...

14 Helmi 201649min

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