EP028 Seller Financing, Land Contracts & Finding Off-Market Multi-Family Investments with Kim Post

My good friend Matt Picheny is back on the show today. You may remember Matt as a successful syndicator of multifamily apartments and Broadway shows such as Hamilton and Moulin Rouge. Matt just released a new book that he wrote called “Backstage Guide To Real Estate” which follows Matt’s journey from buying a starter home to flipping houses to apartment syndications. The book has already made its way to number one on Amazon. Today, Matt will share stories from the book and draw interesting correlations from his acting and Broadway theater investing career to the process of investing in real estate. You’ll also learn about Matt’s keystone concepts on the importance of cashflow, due diligence, and why you shouldn’t trade time for money. I always enjoy my conversations with Matt and I know you will to.  You can go to https://picheny.com to find out more and download the new book. You can also find “Backstage Guide To Real Estate” wherever books are sold. 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.

28 Mars 202236min

Today we’re going to have a conversation about vacation rentals. What does the data tell us about their growth and viability in the coming years, what are the trends in the industry, and where should you be looking to invest here in the U.S.? And here to have that conversation with us is Marcus Rader, CEO and founder of Hostaway, the all-in-one vacation rental management software. Today, Marcus is going to share his incredible insight into the types of vacation rentals that are most in demand, what states and areas are in the top 10, keywords that drive traffic and increase bookings, and constraints and regulations that might impact the supply of vacation rentals in the future. If you own or are thinking of owning vacation rentals, this is a MUST LISTEN episode. Marcus shares so much gold that will help you increase your profits. You can contact Marcus through LinkedIn, or go to www.hostaway.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.

21 Mars 202245min

My friend Ken Van Liew is back on the show today, and you may remember Ken as the developer of New York skyscrapers valued over $1.3 billion. Ken has extensive experience in every aspect of real estate investing, he’s an author, educator, engineer and one of Manhattan’s most successful real estate experts.  When he was last on the show Ken shared lessons from his new book, The Modern Wealth Building Formula. And today, we’re going to learn the 11 millionaire secrets they don’t teach you in school. I guarantee that many of these will be new to you. Some of them might even make you millions of dollars. Ken also shares his perspective on the real estate market in 2022—what he’s concerned about and where he sees opportunity. You’ll learn about his North Carolina full-service city/neighborhood development, and the global real estate enterprise group he created to merge ecosystems and accelerate growth. Ken is a fascinating person with incredible value to share. You can find out more by going to https://kenvanliew.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 Mars 202238min

If you want to learn more about how best to digitally market your vacation rental or co-housing property, you’re going to love today’s conversation with Michael Tich. Mike used to work for Airbnb where he led their marketing and data science teams with a budget of $50 to $100 million in annual digital marketing expenses.  Mike is the co-founder of LiveHomeRoom.com and helps people remotely invest in real estate. Mike is going to share best practices for driving traffic to your rentals, including professional photos, stellar reviews, and location metrics. Mike will also share some of his inside knowledge from working at Airbnb, as well as his use of Facebook to market his co-housing properties. You’ll learn how LiveHomeRoom.com is using data and digital marketing to attract new investors and scale their co-housing model into new markets. You can contact Mike through LinkedIn or https://livehomeroom.com/invest. 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 Mars 202236min

My guest today left college to invest in apartments when he was 19 years old, and he’s built a portfolio of 350 multifamily units with a team of 25 employees in the Lansing and West Michigan area. And here’s the kicker—he’s only 20 years old! Brad Simtob is the managing partner at Simtob Management & Investment. Today, Brad is going to talk us through his first 11-unit apartment building and the steps he took to get to 350 units so quickly. We’ll also discuss the systems Brad created for property management and maintenance, and how he managed to build a team of 25 employees during the pandemic when many people were leaving their jobs. Brad also shares his appreciation for providing homes to economically disadvantaged residents, and why he likes working with section 8 tenants. You’ll also learn how Brad convinced his parents to let him drop out of college, and the model he’s built to scale into new markets. I know you’re going to love this conversation with Brad.  You can find out more about him through his website or contact him by email: https://www.simtob.com brads@simtob.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.

28 Feb 202232min

Today we’re going to discuss the commercial loan process and how you can best present yourself and your transaction to a commercial lender in the most impactful and successful way. Over the past 30 years John Matheson has been developing, permitting, and/or financing completed projects totaling over $50 million, primarily focusing on multifamily, mixed-use, and storage real estate. John is the managing member of J. Healy Development, a company that focuses on eco-friendly and sustainable commercial development to lesson a property’s footprint while increasing it’s value. John is also the CEO of Leverage, a finance software designed to help business owners and property investors pre-qualify their commercial loan before speaking with a lender. Today, John is going to share his favorite source of commercial loans and the three things all lenders look at first when evaluating your project or investment. We’ll also discuss the importance of NOI, cap rate, and DSCR, and what those terms mean. You’ll also learn the red flags lenders look for that might prevent you from getting the best loan terms. I know you’re going to gain a lot of valuable information from this episode.  You can find out more about John through Leverage’s website https://leveragecalc.com or by email at john@leveragecalc.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.

21 Feb 202243min

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

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