EP034 Infinite Returns through Multi Family Investing, Starting your own Management Company and Turning Around a 24 Unit with 42% Occupancy with Josh Sterling

For those of you who manage your own properties, it doesn’t take long to realize that you need to have a very determined and focused mindset to be successful in working with tenants and managing your properties. Often it can be difficult to stay mindful of the whole process when it might seem like we’re constantly putting out fires and dealing with emergencies. How can we maintain a wholistic approach that will preserve our sanity and assure our success? My guest today is Terrie Schauer, a leading authority on applying mindfulness principles to real estate investing. She’s also the author of the #1 bestselling book on the topic: “Mindful Landlord”. Today Terrie shares how she’s applied mindfulness principles in her own investing and managing business to quell her monkey mind and lizard brain. Terrie will share examples of how she’s dealt with tense situations, including the current housing meltdown that many Canadians are currently experiencing. You can find out more about Terrie using the following links: www.mindfullandlord.com www.terrieschauer.com Terrie Schauer on LinkedIn https://terrieschauer.com/order-mindful-landlord-book/ https://www.facebook.com/TerrieSchauerInc 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

7 Nov 202229min

For the past 20 years my guest has been mastering negotiation techniques both on the phone and at the kitchen table. Creative deal structuring, including options, subject to purchases, lease options and seller financing are what excite him. Derek Dombeck has been involved in thousands of transactions and has a knack for putting together creative deal structures and financing solutions that will help you think differently about the deals you might be working on. Now, or in the future. Today, Derek takes us through multiple examples of the deals he’s structured and the conversations he’s had with sellers. You’ll learn why he avoids going through realtors, brokers and banks, and prefers to work directly with the seller and his own financial partners. You can find out more about Derek through the following links: https://bestreifunding.com/ https://gowvoyage.com/ https://www.reicot.com/ Email: derek@bestreifunding.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

31 Okt 202234min

In the past three years, my guest today has acquired 22 rental properties including 13 single family homes, 7 mobile homes, and 2 short term rentals.  JD Sustar has also built his brand through social media as the Finance Cowboy and shares his knowledge to help others get their personal finances in order, invest in real estate and reach financial independence. Today, JD discusses the influence Dave Ramsay had on him early on, and why he’s decided to go beyond Dave’s advice to take on smart debt to acquire real estate. We’ll also discuss the evolution of his portfolio to include a mobile home park and vacation rentals, and how his family member inspired him to build his thought leadership as the Finance Cowboy. You can find out more about JD through the following links: instagram.com/financecowboy financecowboy.com http://subscribepage.io/19-point-checklist 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

24 Okt 202230min

My friend Sterling White is back on the show today. Sterling is an expert at finding off-market multifamily deals and has shared some very funny and interesting stories on previous episodes (#163 & #258). He’s also acquired over 500 units and has controlled over $16 million in assets. If you’re looking for fresh ideas on how to get started or level up your own real estate portfolio, you’ll definitely benefit from Sterling’s wisdom. Sterling is going to share his change of direction and his outlook on the current state of real estate investing. Sterling will share why he recently moved to Houston and how he’s networking within the investing communities to form new relationships. We’ll also discuss his outlook on the market and why he’s selling off his last multifamily and when he expects to start buying again. You can find out more about Sterling on: sterlingwhiteofficial.com LinkedIn Facebook Instagram YouTube Podcast 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

17 Okt 202224min

If you’ve been paying attention to the news and the economy, then you know that one of the causes of our high inflation rate has to do with supply chain and global logistic challenges. But what does the supply chain have to do with real estate investing, and should investors be more cautious? My guest today is Jeff Davis who solves complex supply chain issues for clients all over the globe. He’s also the managing partner of Bridgestone Capital, a private equity firm that has partnered on over $100 million worth of multifamily investments. Today Jeff is going to share his bold predictions on when material and construction costs will come back down to Earth, whether we’ll ever see pre-Covid prices, and whether interest rates really make a difference in real estate investing. Jeff will also share the one metric that he’s looking at that allows him to see the future of prices from six to nine months out. You can find out more about Jeff: https://www.bridgestoneinvest.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

10 Okt 202228min

My guests today are a husband and wife team who started investing in 2018 and have found financial freedom through buy-and-hold rental properties. Now, Tiffany and Eric Vogel have released their first book called “The Pathfinder’s Journey: The Key to Your Dream Life Through Real Estate Investing” to encourage new investors to begin their own real estate journey to their dream life. Tiffany and Eric will walk us through their process from the beginning… How they spent thousands of hours listening to podcasts, training, and going to seminars, how they found their first BRRRR project and the private money to acquire it, how they levelled up to a 3-unit, and how they eventually achieved financial freedom and were able to leave their W-2 jobs. We’ll also discuss the different talents each of them brings to the table—Eric with his ability to take action and do a lot of the manual work, and Tiffany with her project management skills and emphasis on Gantt charts. You’ll also learn the meaning of GETMO (good enough to move on) and how Eric and Tiffany rely on that mindset to get past their perfectionist tendencies. You can find out more about Tiffany and Eric through these links: www.OnPurposeInvestor.com https://www.facebook.com/onpurposeinvestor https://www.instagram.com/onpurposeinvestor/ https://www.tiktok.com/@onpurposeinvestor 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

3 Okt 202231min

As you build your real estate investment portfolio, it’s essential to have the right type of attorneys to keep you out of trouble and help ensure success. Today we’re going to talk with a real estate tax attorney who is also a successful real estate investor. Brian Boyd is the author of “Replace your Income: A Lawyer’s Guide to Finding, Funding, and Managing Real Estate Investments” and today he’s going to share his best advice on getting into real estate investing and why he believes now is a great time to be building your portfolio. Brian shares how he first invested in a laundromat and sold that after a year to acquire his first vacation rental property. Over the past few years, he’s laddered his portfolio up to a six-figure income. You’ll also get Brian’s advice on setting up the correct entity structure and how to maintain that entity without piercing the corporate veil. You’ll also learn the top mistakes Brian sees investors making, as well as his favorite tool for handling security deposits. You can find out more about Brian through his website: https://www.boydwills.com/team/ www.briantboyd.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

26 Sep 202229min

Let’s say you own an apartment building and there’s a fire that destroys one of the units. Or maybe a tornado rips through your community and demolishes an entire building. What if there’s an earthquake and your entire property falls into a crevasse? Extreme examples, I know. And isn’t insurance supposed to cover those costs anyway? Yes, but that’s when your problems really begin. Working with an insurance company to cover the costs they’re supposed to can be a tricky business. That’s why you might consider hiring an insurance adjuster who can get you through the process smoothly. Jack Hanks was awarded “Public Adjustor of the Year” for 2022, so he’s the perfect person to fill us in on what an adjuster is, why they’re necessary, and how you can benefit from their services. We’re also going to discuss the mistakes Jack sees owners making when choosing their insurance, the difference between actual cash value and replacement value insurance, and why we all need to check our insurance policies now to make sure we have proper coverage. I know you’re going to get a lot of great advice from this episode. You can contact Jack via email or his website: jack@vpa.claims www.vpa.claims 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 Sep 202228min