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

Ann Finkler describes herself as an Explorer, Entrepreneur, Investor, and High Risk Taker.  Whether she's Buying an empty Industrial or Office Building, turning a Historic House into a Successful Bed & Breakfast, or Restoring Damaged Homes, she has learned to look at everything with a Creative Eye in order to find Profit and Cash Flow in areas other people would avoid. Today on the show, Ann tells us how she looks for properties that she can fit businesses into, and how that led her to purchase an industrial building that was only 30% occupied.  She also shares why she is cautious about taking on commercial debt and how she funds her deals using private money. Ann also shares tips and advice on how to protect your home after a disaster, and why getting to know your insurance agent is so important.  Ann also looks for strategic partnerships, and shares the qualities she likes to see in potential partners.  You'll also learn how Ann was able to retire early, but changed her mind after the events of 9/11. There's a lot of great experience and information packed into this conversation.  Please take a moment to let us know how much you enjoy the show by going to itunes to subscribe, rate & review!

2 Okt 201749min

True Passive Income is the Holy Grail for most Real Estate Investors.  However, its not always easy to separate ourselves from the Day-to-Day Realities of Investing and figure out ways to create a team, systems and processes that will free up more time and energy for other pursuits.  In this episode we're going to discuss why a good plan violently executed today is better than a perfect plan executed next week. Gary Hall is an Entrepreneur, Passive Income Strategist, and the Operations Manager of Westshore Property Management in Muskegon, Michigan.  Gary's going to share concrete examples of the systems he's put in place throughout his career to create passive income while building his real estate portfolio. We also go into detail on a low income 11 unit that he's turning into an Airbnb cash cow, as well as his first 'blind pool' syndication and the lessons he learned while raising over $400,000. Gary also discusses the Financial Business he started while in College, Whether Dave Ramsay's advice applies to Commercial Investors, and his outlook on the West Michigan Market. If you're serious about treating your Real Estate Investing as a Business, then I know you're going to get a lot out of this episode. Gary's contact info: http://www.westshorepropertymanagement.com/ gary@westshorepropertymanagement.com Gary@deanarrow.com To share your True Life Ghost Story contact Brian Hamrick @ brian@higinvestor.com

25 Sep 20171h 2min

Today we take a Deeper Dive into the Un-Sexy, yet Extremely Important, details that can make or break your rental property investments: - why you should always have an Attorney review your Contracts - the importance of Title Companies when you buy a Property - how to avoid Adverse Possession - the Hostile Takeover of your Property - How you can Profit from having a Cell Tower on your Property - How to avoid Land Contract Disasters Brian Durham is a Real Estate Agent and Office Manager for Precision Real Estate. He's also finished law school and is in the process of taking the bar exam. Brian has a background in Telecommunications, business management, and tenant law. In this episode, Brian shares how his first home presented a unique and lucrative profit potential when a large grocery store chain made him an offer he couldn't refuse, what happened when a house he sold on land contract burned down, and why he sees the strong housing market continuing for another two to three years. I know you'll gain a lot of in-depth real estate knowledge from today's conversation. Please take a moment to go to itunes to give us a review & rating. To contact Brian: facebook: Precision Real Estate llc 616-299-5777 bdurham5@gmail.com And share your Real Life Ghost Story by emailing Brian Hamrick @ brian@higinvestor.com

18 Sep 201749min

This episode is dedicated to anyone who's ever owned rental property and has had to decide whether they should self-manage or hire a professional 3rd party property management company. James Loftus and Patrick Spitzley are back in the studio to discuss their experiences managing their rental properties and then handing over their babies to someone else to take care of them. We discuss the pro's & con's of professional management v.s. self-managing, getting rid of intrusive and demanding tenants, and whether or not your bottom-line numbers will improve with professional management. James and Patrick also discuss why they chose not to start their own management companies, the lifestyle they've created with their free time, and whether or not $50 for changing a toilet paper holder is too expensive. I know you're going to enjoy our conversation.  Stick around until the end to hear some bonus 'off-mic' content!

11 Sep 201751min

Whitney Nicely believes everyone should control their destiny by investing in real estate as soon and as much as possible.  Today she joins me in the studio to talk about the many types of deals she's done, the techniques she's used, and the lessons she's learned along the way. Whitney LOVES investing in Lease Options, and she tells some great stories of the money she's made, and the headaches she's encountered. You'll also learn the three profit points Whitney focuses on when doing a lease option: The non-refundable lease fee, monthly cash flow, and profit at sale. Whitney also buys vacant land at auctions and tells the story of two purchases that had surprisingly lucrative outcomes.  You'll also find out how she and her boyfriend (now husband) were able to purchase their apartment units with no money down. This is a fun, informational episode that I know you're going to enjoy. You can contact Whitney through her facebook page by going to: www.whitneynicely.com/group

4 Sep 201742min

In this red-hot real estate market you need every possible edge to separate yourself from all of the other buyers and investors you're competing with.  There are also tricks and tips sellers need to be aware of to get the best price for their property. Today Joshua Schaub from Icon Realty Group is back in the studio to share up-to-date actionable techniques for buyers, sellers and investors that will give you the edge in today's real estate market. Joshua has 7 tips for buyers that will help them get more offers accepted, 5 tips for sellers that will help them price and market their home effectively, and real-life stories from the trenches that every investor can learn from. We discuss the vacant land he purchased where his development plans were literally 'sunk', why buyers should do a final walk-through before closing, and how he helped sell a house that hadn't received any offers for more money than the seller had been asking through a previous broker. There's a lot of fantastic information packed into this episode.  I'm also thrilled to welcome Icon Realty Group as the newest sponsor for this show.  You can contact Joshua and Icon Realty Group by phone or website: 616-216-2000 http://www.joshuaschaub.com/ http://theiconrealtygroup.com/

28 Aug 20171h 20min

Bill and Jackie Howson have achieved what many Real Estate Investors dream of - They've built a 57 Unit portfolio, weathered the loss of his job, and achieved financial security through Real Estate Investing.  But best of all, they've done it together. Today we discuss how their unique talents and skills compliment each other, and share some funny stories of the arguments they've had along the way.  Bill is the researcher and constant learner, who enjoys the due diligence and acquisition phase.  Jackie is the designer and rehabber, who has earned her respect in a male-dominated industry. Bill and Jackie also share their management philosophies, and tell why they no longer accept residents who have evictions in their past.  They also talk language differences, and how they've had to learn the American meaning of 'yard', 'electrical socket', 'tub', and 'faucet'. I know you'll enjoy this fun and informative conversation.  Please take a moment to go to itunes to give us a 5 star rating and review!

21 Aug 20171h 2min

When it comes to buying Commercial Retail, Office or Industrial Investment Property, there's a lot of differences from the Commercial Multifamily and Apartment World.  Here to discuss and compare those differences with us today is Michael Cagen, a Senior Associate with Marcus & Millichap. Michael and I talk about Single Tenant Net Leases in the Retail space, such as those you might find with a Dollar General store or a Walgreens.  We also discuss the different types of leases you might find in an office building such as Gross, Modified Gross, Single Net, Double Net, Triple Net and Absolute Net, and who pays what expenses under each.  Michael shares the factors used in valuing these types of commercial properties, such as price and cost per square foot, cap rate, tenant strength, lease duration, and tenant improvements ("TI").  He also shares real-world examples from investments he's brokered. You'll also get an inside look at how Marcus & Millichap position their client's commercial properties in the market to attract the greatest number of buyers and how that translates to higher purchase prices.  Michael will take us step-by-step through the process of working with sellers and buyers, and what makes a purchase offer stronger than others. This episode offers an in-depth and fascinating look at the different types of commercial investments.  You can contact Michael by email or phone: mcagen@marcusmillichap.com 616-291-6222

14 Aug 20171h