EP286 Generating Your Retirement Income Through Real Estate Investing with Eric Martel

EP286 Generating Your Retirement Income Through Real Estate Investing with Eric Martel

Today we’re going to talk about the future of retirement and how real estate is an often overlooked vehicle for securing your financial future. Increasingly, pensions are being converted to 401(k)s which is shifting the retirement risk to employees. This has caused today’s guest to reconsider traditional beliefs about retirement savings.

Eric Martel lost a fortune during the dot-com crash of 2001 and started looking for alternative ways to earn passive income. He started various businesses including a gourmet sauce company, but eventually came back to his first love, real estate, which led him to form Martel Turnkey. After four years of rapid success, he was able to retire from his W2 job. Eric is also the author of the recent book called “Stop Trading Your Time For Money”.

Today we discuss Eric’s beginnings as a real estate investor when he purchased an apartment building at the age of 18. He quickly burned out on investing though because he was handling all of the property management and repairs. We’re also going to discuss what it means to have financial freedom, and the goal setting and actionable steps you can take to achieve it.

Eric will also share the turn-key model he’s developed investing in secondary cities with rehabbed houses costing (roughly) $100,000 that can be purchased with 20% down and cashflow $300 a month. We discuss the turnkey aspects of this type of investing, the power of leverage and depreciation, and the risks from tenants and property condition.

This is an important episode for anyone who’s paying attention to their potential retirement income, and will get you to start thinking about meeting your living expense by generating additional passive income. You can find out more about Eric on Instagram at E_Martel or facebook at Eric.Martel.ca, or https://marteleric.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

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.

https://www.rcbassociatesllc.com

Episoder(556)

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

Many of you know my guest today from the incredibly popular Real Estate Podcast the “Jake & Gino Show”. Gino Barbaro has over 2,000 multifamily units and $250 million in assets under management. He’s also a best-selling author of three books, and with his partner Jake, they’ve helped their students close on over 68,000 units & $4 billion in deal volume. Gino was last on the show in 2018, and shares an incredible update on how his business and goals have changed in the past six years. Find out more: https://jakeandgino.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

1 Apr 202433min

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

As real estate investors, we are always looking for ways to save on our yearly IRS tax bill, and cost segregation is one of the most powerful methods available to us. Today we have Erik Oliver from Cost Segregation Authority on the show.  Erik will be explaining how you can leverage cost segregation to save on your taxes, as well as energy credits that you need to be aware of. The concepts Erik explains in this episode are very powerful and will save you money. Find out more: https://costsegauthority.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

25 Mar 202434min

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

The Midwest REI Conference was a huge success and we were able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his story in episodes #168, #225 & #334 while we brainstormed ways for him to fix his broken business model and get rid of three trucks that were costing him over $25,000 per year in debt payments. This episode was recorded at the RPOA’s 2024 Midwest Real Estate Investor Conference in Grand Rapids where we were joined by Justin Workman for an exciting mastermind session to discuss his real estate businesses as well as his FedEx routes and new business prospects on the horizon. For those of you who remember Ramond from past episodes, I know you’ll be incredibly impressed by his progress and experience. You can contact Ramond through email at ramond.harris@yahoo.com. Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

18 Mar 202427min

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

Today we’re going to talk about franchising. In simple terms, franchising is a business in which the owner licenses the operations, products, branding and knowledge in exchange for a franchise fee. Many real estate investors are also drawn to franchising because of it’s entrepreneurial aspects and the ability to create passive income and financial freedom. And my guest today, Lance Graulich, is considered the “King of Franchising”. Lance has over 25 years of experience with companies such as TGI Fridays, Wingstop, Krispy Kreme Doughnuts, and Pinkbox Doughnuts in Las Vegas. Lance also hosts the popular podcast “Eye on Franchising”.  Find out more: https://www.zorakle.net/assessment/welcome/ionfranchising Instagram: @lance.graulich All other platforms: Lance Graulich Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

11 Mar 202436min

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

Anyone who owns rental property can tell you that one of the systems you must pay attention to is your heating and air conditioning system—commonly referred to as your HVAC system. Today we talk with an expert on HVAC systems who shares practical tips for choosing the right one for your property, finding the best HVAC contractor, and rebates and incentives that might be available in your area. Howard Bynder is the Founder of The Bee Heat and AC, a well-known Colorado-based HVAC company focused on an educational, zero-pressure approach to helping homeowners get the best and most reliable HVAC system for their homes. Find out more: https://youtube.com/thehvacdopeshow www.thebeehvac.com 877-6THE BEE Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

4 Mar 202433min

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

Today we’re going to discuss the build-to-rent model. Build-to-rent, also known as BTR, is an emerging trend that has been gaining significant traction in recent years. It involves the construction of purpose-built residential properties with the sole intention of renting them out to tenants rather than selling them as individual units. This innovative approach to housing offers numerous advantages for both investors and tenants alike. And here to discuss the BTR model is Bethany Finch of American Made Home Solutions. Find out more: https://americanmadehomesolutions.ac-page.com/btr-ebook LinkedIn: https://www.linkedin.com/in/bethany-finch-amhs/ Facebook: https://www.facebook.com/AmericanMadeHomeSolutions LinkedIn: https://www.linkedin.com/company/american-made-home-solutions Instagram: https://www.instagram.com/americanmadehomesolutions/ YouTube: https://www.youtube.com/c/AmericanMadeHomeSolutions Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

26 Feb 202429min

RPOA Special Speaker Announcement – Ryan Kilpatrick

RPOA Special Speaker Announcement – Ryan Kilpatrick

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW - February 22nd through 23rd - right here in Grand Rapids, Michigan at the Devos Place conference center. This is The Must-Attend Two-Day event for Real Estate Investors at all levels! And I have a special speaker announcement to make today.  If you’re investing in Grand Rapids and West Michigan, you definitely don’t want to miss this one! Ryan Kilpatrick from Flywheel Community Development Services will be presenting on “Opportunities for Housing Growth in West Michigan” Ryan’s presentation will be tomorrow, Friday, February 23rd at 4 pm. Once again you don’t want to miss the 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW, February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. You can go to www.midwestREIconference.com to get your tickets and find out more.  You can also purchase tickets at the door.  We're on the 2nd floor adjacent to the Grand River.   See you there!

22 Feb 20246min

EP425 How to Invest in Laundromats with Sam Wilson

EP425 How to Invest in Laundromats with Sam Wilson

Today we’re going to talk about investing in laundry facilities. This is a unique asset class with a huge potential for success, yet few understand how to gain entry into this type of investment. Sam Wilson has been an active investor for more than a decade in self storage, parking, multifamily properties/apartments, single family homes and RV resorts. His focus now is solely in the laundry facility space. Sam is the CEO of Bricken Investment Group and the host of the daily podcast “How To Scale Commercial Real Estate”. Find out more: brickeninvestmentgroup.com or check out Sam's Podcast "How to Scale Commercial Real Estate" Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. 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. https://www.rcbassociatesllc.com

19 Feb 202432min

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