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

I know you're going to enjoy my interview today with David Kirchgessner.  Dave is a successful investor and realtor, who also happens to be the lead singer of the popular ska punk band Mustard Plug.  It's Mustard Plug's song "Mr. Smiley" that you hear at the beginning & end of every podcast episode. Dave shares with us how he's been able to create and support his lifestyle through real estate investing, which he realized in his early 20's was the only way he'd be able to support himself while he pursued his music career. Dave also talks about the investments in Single Family and Two Family homes he's made and shares details on purchasing, rehabbing and managing them.  We also discuss a building development that Dave bought with some friends that didn't go as planned, and a new investment in Northern Michigan that he almost bought sight unseen. Dave is also a realtor with Greenridge Realty, and will give us his perspective on the current market and the trends he's seeing as a real estate 'insider'. You can contact Dave through his email at: davidkirchgessner@gmail.com

18 Juli 20161h 12min

Two episodes ago Brandon Krieg from Honeybee Homes shared his tips and techniques on Wholesaling for huge profits.  If you haven't heard that episode yet, I highly recommend you give it a listen. This week Brandon has returned to discuss his Fix & Flip secrets to success.  He'll talk about what type of property he looks for, how he runs his numbers, and share stories of deals that were highly profitable and a few that weren't. We also talk about Brandon's involvement with the West Michigan REI, as well as the Rental Property Owner's Association. You can contact Brandon through his website at: http://thehoneybeehomes.com/

11 Juli 201638min

Instead of posting an interview on this Holiday Monday, I thought I'd take this opportunity to talk about a key financial ratio that you'll hear a lot from brokers and investors, but may not completely understand.  I'm referring to the Capitalization Rate, or Cap Rate as its commonly called. This won't be a technical discussion that will make your eyes glaze over.  Instead I'll share with you my simple explanation that I teach in my advanced financial analysis course through the RPOA. Happy 4th of July!

4 Juli 201612min

Today I'm excited to sit down and talk with Brandon Krieg, an experienced wholesaler who also does fix & flips.  Brandon is the owner of Honeybee Homes, and has a lot of great knowledge and experience to share with our audience. If you've ever considered wholesaling as an investment strategy, or are looking for better techniques to ensure your success, then you won't want to miss Part One of this interview! Many of our listeners will recognize Brandon as the co-founder of the West Michigan REI Club.  You may have also listened to one of his interviews on other podcasts, including Bigger Pockets. You can contact Brandon through his website at: http://thehoneybeehomes.com/

27 Juni 20161h 4min

Today I'm thrilled to be talking with Rod Khleif, the host of the "Lifetime Cash Flow through Real Estate" Podcast. As one of America's top real estate professionals, Rod has personally owned more than 2,000 single family homes and multiple apartment communities. Rod shares his rags-to-riches-to-rags-to-riches story, from his humble beginnings as a young, impoverished Dutch immigrant to incredible success.  Rod also discusses his remarkable triumphs, and spectacular failures, which he affectionately calls 'seminars'. We'll talk about the 800 Single Family Home Portfolio he lost in 2008, and how he's now rebuilding his fortunes through multi-family investing.  Rod also tells us why he prefers multi-family to single-family and how multi-family can help protect you during the next economic downturn. As a bonus, you can listen to this week's episode of Rod's podcast "Lifetime Cash Flow through Real Estate" to hear Rod interview me, Brian Hamrick, about my career in Real Estate Investing.  Be sure to check out both podcast episodes - they're required listening to podcast fans & real estate investors! And find out more about Rod Khleif at his website:  http://lifetimecashflowpodcast.com/

20 Juni 201645min

If you are a new investor who is looking to buy rental property, or you're a current owner looking for ways to improve your methods, I believe you'll get a lot out of my conversation today with Tina & Wes Emert from City Wide Real Estate Services. Tina & Wes offer services ranging from Real Estate Brokerage, Rehabbing, Property Management and Asset Management.  They take a 'Success-Based' Approach rather than a 'Property-Based' approach, and we'll discuss exactly what that means during our wide-ranging discussion that contains a lot of valuable tips for every level of Rental Property Owner & Real Estate Investor. Find out more: https://citywide.managebuilding.com/Resident/public/custom/22

13 Juni 20161h 25min

If you've ever wondered about investing in Self Storage Facilities, then this is an episode you don't want to miss.  Michael Laragy built a rental property portfolio over 30 years, and then decided to sell it off in order to invest in Self Storage.  Today Michael will walk us through his journey: why he decided self storage was the way to go, how he found his facility, and what he's done to make it successful. We'll also talk about the rental properties he used to own, and how he was able to purchase many of them for 'Nothing Down', using techniques he learned from Real Estate Guru Robert Allen. No matter what type of real estate investing you're interested in, our conversation contains decades of wisdom and experience from someone who's managed to invest successfully, transition from a full-time job to full-time investor/business owner, and has a ton of knowledge to share.

6 Juni 20161h 18min

The Good, The Bad, and The Ugly:  Last week successful investor Steve Whitteberry shared his stories of 'The Bad & The Ugly' with us.  Today we get to discuss 'The Good'. Steve will discuss his use of Self Directed IRA's and how they're helping him prepare for retirement.  We'll also discuss 'Alligators' and how they can eat up all your Cash Flow. And we'll also compare our experiences purchasing two separate 4-units, both of which were bought for a great price at the bottom of the market, but had two very different outcomes for each of us.

30 Maj 201637min