EP080 Buying the Note and Taking Control of a Property for Pennies on the Dollar with Gene Chandler

EP080 Buying the Note and Taking Control of a Property for Pennies on the Dollar with Gene Chandler

Many investors are struggling to find deals in this tight real estate market, and ending up increasingly frustrated by the lack of inventory and high asking prices they're encountering in the Primary market in which these properties are traded.

But there is a Secondary market in which these properties can be acquired for a fraction of their value by purchasing the note, or underlying mortgage.

Gene Chandler, the Asset Manager for Chandler & Chandler Financial, LLC, is in the studio with me today to share his experiences over the past decade in buying one-off and small pools of distressed assets directly from banks, hedge funds, and private equity groups.

Gene will explain the differences between the primary and secondary markets, performing v.s. non-performing loans, and traditional rehabs and flips v.s. 'fixing' a note.

You'll also learn the lingo Gene uses when talking to the bank's special asset manager, the types of properties he prefers, and many examples of the notes he's purchased and the profits he's made.

There's a lot of great information packed into this episode. If you've ever wondered what it takes to purchase the note directly from the lender, you owe it to yourself to check out this episode.

Gene can be contacted through his website or email:

http://chandlerfin.com/

investor@chandlerfin.com

Episoder(556)

Special RPOA Annual Conference Announcement - Anthony Chara

Special RPOA Annual Conference Announcement - Anthony Chara

2022 Michigan Landlord & Real Estate Investor Conference & Expo ​ANTHONY CHARA Increase Your Wealth Exponentially with Multifamily Properties Friday, February 25th at 3:20pm​ Click here to register: https://bit.ly/reiconference22 Why buy 1 when you can buy 10 or 20 or even 50? Learn the how’s and why’s of buying and investing in apartments and multi-family properties with Anthony Chara. Anthony will let you in on the secrets of why buying and investing in apartments and multi-family units can be a big money maker in today’s market. Learn how you can increase your net worth and build a successful portfolio with this informative course. About: Anthony is a seasoned real estate investor with over 20 years of experience. He has owned or managed several successful multi-million dollar companies during the last 20+ years, and owns and/or has syndicated approximately 1,600 apartment units around the country. He has also mentored several thousand aspiring real estate investors.

17 Feb 20225min

Special Annual RPOA Conference Announcement - Robyn Thompson

Special Annual RPOA Conference Announcement - Robyn Thompson

2022 Michigan Landlord & Real Estate Investor Conference & Expo ROBYN THOMPSON Rehabbing Houses Creates Big Paydays | Thursday, February 24th at 3:30pm AND Building Massive Wealth with Vacation Rentals | Thursday, February 24th at 7:00pm Click here to register: https://bit.ly/reiconference22 Robyn Thompson, “The Queen of Rehab”, has integrated her highly successful rehab program into a new buy and hold investment strategy—providing more flexibility for rehabbing for flips or for holds. Robyn will teach you how to map out all of the hurdles, pitfalls and paydays when renovating for profits and building passive wealth! In her second presentation, she'll also teach you how to analyze vacation rental markets, convert your rentals to vacation rentals, optimize your vacation rental listings and more! About: Robyn Thompson has renovated and sold over 390 properties. She is the nation’s leading expert on buying, renovating and selling homes for huge chunks of cash and has taught thousands of students how to become financially independent.

15 Feb 20225min

EP320 Utilizing Real Estate Specific Virtual Assistants to Scale Your Business with Max Fisch

EP320 Utilizing Real Estate Specific Virtual Assistants to Scale Your Business with Max Fisch

My guest today is a wholesaler and flipper who has figured out a system that allows him to complete up to 35 wholesale transactions a year with an average deal size of $500,000 each. Max Fisch has completed hundreds of real estate transactions using virtual assistants. He’s been able to scale his business without overburdening himself or his team. And today’s he’s going to share how he utilizes these VAs, and why it’s so important to use industry-specific VAs to scale your business and achieve incredible results. Max is going help us understand the systems he’s set up to interview, onboard, and train his virtual assistants, why he prefers a global team as opposed to originating from a single country, and the thought process you must go through to determine if hiring a VA is for you. I know you’re going to enjoy today’s conversation. You can find out more about Max and his companies through Facebook, Instagram, the web and email: https://www.realestateprojectsolutions.com/ max@realestateprojectsolutions.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.

14 Feb 202235min

Special RPOA Annual Conference Announcement - THIS MONTH!

Special RPOA Annual Conference Announcement - THIS MONTH!

Clay Powell, the Director of the RPOA, is here to get us pumped up for The Largest Landlord & Real Estate Investor Conference in Michigan! Join us for a two day in-person event at DeVos Place in the heart of downtown Grand Rapids, Michigan on February 24th and 25th, 2022 at the 2022 Michigan Landlord & Real Estate Investor Annual Conference & Expo! We’ll be bringing you a powerhouse of six tried and true crowd favorite national speakers, 30+ vendors, breakout sessions, and numerous opportunities to network and make deals! Don’t miss this opportunity to learn strategies from nationally recognized experts and build massive wealth through real estate investing! FREE admission for current RPOA members. Only $10 per person for non-members—this covers admission for both days! Go to www.rpoaonline.org to find out more and get registered!

10 Feb 202212min

EP319 Scaling a Multifamily Rental Portfolio to $60 Million, Syndication, and Raising Private Money with Confidence with Liz Faircloth

EP319 Scaling a Multifamily Rental Portfolio to $60 Million, Syndication, and Raising Private Money with Confidence with Liz Faircloth

Today’s guest has learned many lessons while scaling her rental portfolio to $60 million dollars. She’s also going to talk about syndication and raising private money with confidence. Liz Faircloth co-founded the DeRosa Group in 2005 with her husband, and controls $60 million in residential and commercial assets up and down the east coast. Her mission is to “transform lives through real estate.” Along with previous guest Andresa Guidelli, Liz is the co-founder and CEO of The Real Estate InvestHER community, co-host of The Real Estate InvestHER Show, and co-author of “The Only Women in the Room, Knowledge and Inspiration from 20 Women Real Estate Investors”. Today we’re going to discuss Liz’s early beginnings as a real estate investor, flipper, and rehabber, and what led to her realization that multifamily investing was the best focus of her time and energy. We’ll also discuss the systems she uses for communicating with multiple investors and the decision process that goes into deal structure and investor returns. Liz also shares the vision for the InvestHER community as well as her greatest business challenge at the moment. I know you’re going to enjoy this conversation with Liz. You can find out more about her through Facebook and the web: https://www.therealestateinvesther.com https://derosagroup.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.

7 Feb 202242min

Special RPOA Annual Conference Announcement - Nick Sidoti

Special RPOA Annual Conference Announcement - Nick Sidoti

2022 Michigan Landlord & Real Estate Investor Conference & Expo NICK SIDOTI Three Times the Market Rent With Special Needs Housing Thursday, February 24th at 10:10am Click here to register: https://bit.ly/reiconference22 Nick Sidoti will teach you the secrets to turning your rentals into tremendous cash flow generators and triple your rental income with special needs housing. You will learn how to market your rentals to special populations—college students, veterans, government agencies, and others—as well as which tenants to choose that will make you very wealthy...these customers will pay you BIG bucks (2 or 3 times more than market rent) for a little extra convenience. NO, this is not Section 8 and YES, you will be blown away by the increase in profit! About: Nick Sidoti, aka Dr. Cash Flow, has been investing in real estate for 30+ years. He specializes in residential rental properties—single family homes, special needs housing, and multi-family dwellings. He also buys, rehabs, and resells homes making large amounts of profits in short periods of time. Nick is the author of numerous real estate courses.

3 Feb 20224min

EP318 How to Be Successfully Unemployed Through Real Estate Investing with Dustin Heiner

EP318 How to Be Successfully Unemployed Through Real Estate Investing with Dustin Heiner

According to current economic reports, the Covid-19 pandemic has led to a record number of people leaving their W-2 jobs and many of them don’t plan on coming back. Where are these people going? And how do they plan on paying their bills? According to my guest today, many of them should be looking to build a successful real estate investing business so they can retire early. Dustin Heiner quit his job when he was 37 years old by investing full-time in real estate. He’s the founder of Master Passive Income and host of the Successfully Unemployed Podcast. He also wrote the book “How to Quit Your Job with Rental Properties.” Today we’re going to discuss how it’s possible to achieve financial independence without a W-2 job. Dustin is going to tell us how he managed to do that through buy and hold real estate in areas where you can still buy homes for under $100,000. You’ll learn why it’s important to build your business first, before you ever call a realtor, and what the steps are in building that business. I know you’re going to enjoy this conversation with Dustin. You can download his free course by texting “rental” to 33777. Or through his website: https://www.masterpassiveincome.com/freecourse YouTube: Dustin Heiner | Master Passive Income 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.

31 Jan 202248min

Special Annual RPOA Conference Announcement - Tony Youngs

Special Annual RPOA Conference Announcement - Tony Youngs

2022 Michigan Landlord & Real Estate Investor Conference & Expo TONY YOUNGS The "Hidden Market" Thursday, February 24th at 1:10pm Click here to register: https://bit.ly/reiconference22 One of the toughest nuts to crack when getting into real estate is finding a property to buy! Finding distressed properties and owners is one of the best ways to make deals happen. Tony has mastered the art of tracking and acquiring properties in every stage of the foreclosure process from pre-foreclosure to REO. He has been perfects own unique system, strategies, and techniques for acquiring foreclosure and hidden market properties and can teach you how you can do it too! About: Tony Youngs has been involved in more than a thousand successful real estate transactions and negotiates with approximately 480 distressed property owners per year. Tony has been a featured guest on countless radio, and television programs and has trained over nine thousand students to become successful real estate investors.

27 Jan 20225min

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