Will Adding Solar Boost Your ROI? With Carl Moose — Episode 483

In the span of three years, Mike Cowper has grown his wholesaling business to become one of the largest in the Eastern Michigan Tri-State area.  Mike and his partner do 20 deals a month by marketing to homeowner/sellers and assigning the contracts to investors of all specialties. Mike did not achieve this success by accident, and he's happy to share how he systematically and deliberately went about building his multi-million dollar business.  From defining his team and their duties, to instituting systems and processes, and creating a killer website that is addictive and fun. Mike and I also discuss the mastermind group he joined that was instrumental in his growth, how solving other people's problems is a key component of his success, and why you can't always believe what the wholesaling gurus tell you. Mike's contact info: http://webuyroi.com/ mike.cowper@webuyroi.com   You can also hear Mike on the "Just Start Real Estate" Podcast. I know you'll enjoy this episode.  Please remember to go to itunes to give us a star rating & review.

17 Apr 201743min

Whether you love or hate those HGTV shows on Rehabbing and Flipping, you're going to really enjoy today's conversation. Ramon Huerta and Jeremy Cole host a 'Property Krawl' every month in Kalamazoo, Michigan, where they invite all levels of investors to accompany them on a tour of properties that are ripe for rehabbing, flipping, and buy & hold investing.  Ramon is a realtor/investor, and he chooses the homes to view, while Jeremy uses his contractor skills to help others understand the costs involved in rehabbing the properties.  Together, they strive to help beginning investors understand the complexities of acquiring, rehabbing, and owning rental property, while sharing creative strategies with the more experienced investors who also join in. We also discuss the economic dynamics of Kalamazoo, a city where you can still buy houses for under $10,000. I highly recommend visiting the facebook page for 'Property Krawl', where you can see videos and photos of the events.  You should also take a moment to go to itunes where you can rate and review this podcast! Enjoy!

10 Apr 20171h 8min

Joe Delia is the Lead Agent & Owner of The Delia Group, a Keller Williams agency ranked in the top 10 in the state of Michigan with over $65 million in sales last year. Joe comes from an entrepreneurial background that helped him thrive during the Great Recession.  Joe shares his many adventures in real estate; His experience with Trump University, Flipping & Rehabbing homes in Las Vegas & Phoenix, the frustrations of high-end flips, and the reasons why he avoids cheaper properties in 'D' neighborhoods. Joe's wife, Renee, is a Six-Sigma Blackbelt, and he discusses how she was able to bring operations & lean processes to The Delia Group that helped them land a huge corporate account with Quicken Loans and complete over $65 Million in transactions in 2016. If you're struggling with building your team and finding 'A' players, then you'll benefit greatly from this episode.  Joe describes the process he uses to find, hire & promote the best talent and build the strongest team possible. You can contact Joe through his email at:  joe@thedeliagroup.com I'd also like you to take a moment and give this podcast a rating & review on itunes. Enjoy!

3 Apr 20171h 19min

The RPOA's House Hacking Expert Panel from the Annual Conference was so popular that we decided to record it and make it into a podcast episode. If you've ever wondered what House Hacking is all about, or why it makes sense, this is the episode you don't want to miss.  Our expert panel will talk you through every step: how to find the right property, how to secure financing & renovation loans, and how to find the right tenants. Courtney Sorrell & her husband completed their first house hack last year.  Courtney is the Assistant Director of Annual Giving at Davenport University and is the founder of Pika Properties. Courtney was also a guest on the podcast – episode #30 Kevin Murphy also completed his first house hack last year and used a little know loan to acquire the property and roll in $30k for rehab expenses.  Kevin is a Strategic Pricing Analyst for Meijer, as well as a crossfit trainer & public speaker. You can hear Kevin on Episode #31 of the podcast. Allison Koetsier is the Rock Star Realtor who helped Courtney find her first house hack.  Allison works for Compass Realty Services & is the #1 multi-family broker in West Michigan. She’s a board member of the RPOA and runs the millionaire mastermind group. You can hear Allison on Episode #38 of the podcast. Josh Smith was instrumental in helping Kevin remodel his first house hack using an FHA 203k mortgage.  Josh was the owner of Front Porch Group, which focused on the niche of remodeling homes using 203k loans, and he’s currently the sales manager at Treadstone Mortgage, which specializes in residential home mortgages including FHA renovation loans. I know you're going to enjoy this special podcast episode.  Please take a moment to go to itunes to subscribe, rate & review!

27 Mars 201753min

With over 20 years of experience buying, managing, and profiting from Single Family and Apartment rentals, Steve Ferris has certainly had his share of up's & downs. Today Steve shares the lessons he's learned about hiring professional management, flipping his first house, creative financing and lines of credit, and why buying a bargain does not always lead to big profits. Steve is a Single Family and Apartment investor in Grand Rapids and Muskegon, Michigan.  His first acquisition was in 1995, and his portfolio grew quickly enough to allow him to quit his day job.  Steve is still actively acquiring rentals in Muskegon, and during our conversation he shares the numbers and returns he's been able to achieve. I know you'll enjoy our conversation today.  Please show us how much by going to itunes to rate & review the show!

20 Mars 201752min

Real Estate Investing offers one of the greatest paths to long-term wealth.  However, one of the most important components of building that long-term wealth is often overlooked, or approached with dread & fear.  Of course, I'm talking about taxes. Today, in an effort to get past that fear & confusion, we delve into the tax benefits and reporting methods of real estate investing with Duane Culver, CPA and President of Culver CPA Group. Duane is going to talk us through year-end tax reporting and what you should know if your are a wholesaler, flipper, rehab-er, or buy & hold investor.  Duane explains terms like 'depreciation' & 'basis', the difference between investment & business income, what is a balance sheet and profit & loss statement, retirement planning & IRA's, as well as common mistakes different types of investors typically make when they fill out their tax forms. If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing.  The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits. Duane can be contacted by email, his website, or phone: dculver@culvercpagroup.com www.culvercpagroup.com 616-456-6464 Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.

13 Mars 20171h 3min

Twenty years ago, Jeff Wilson attended a free Robert Allen Seminar and shortly after purchased his first Single Family Rental Property for $10,000.  That successful investment was the beginning of a portfolio that would take him from Cleveland to Grand Rapids, through boom and bust, and ultimately to a point where he is preparing his properties to see him through retirement. Jeff and I discuss the up's and down's of his investing career, buying HUD properties, selling on Land Contract, working with Section 8 tenants, and his philosophy of improving his properties by putting the cash flow back into capital expenses. Jeff is also a successful entrepreneur, and I know you'll enjoy listening to his straight-forward advice on owning, managing, and profiting from rental property. And if you like what you hear, do me a favor and go to to itunes to give us a review & rating. Enjoy!

6 Mars 201749min

If you've ever wondered what it takes to acquire a 40-unit apartment community, then you don't want to miss hearing Josh Sterling take you through the process step-by-step. You might recognize Josh from Episodes 33 & 34 where he discussed his Buy & Hold portfolio in Single Family, Multifamily & Apartment rentals.  Josh is also the owner of Epic Property Management near Detroit, Michigan.  Josh recently acquired this 40-unit in Newport, Michigan, and he's going to walk us through the entire process.  Josh discusses the broker relationship that gained him access to this deal, how he ran his initial numbers, the site visit, the Letter of Intent, negotiating the purchase price, the purchase agreement, due diligence, the physical inspection, working with the lender, committing his own money toward earnest funds and bank fees, raising other people's money through syndication, pro-rating property taxes, closing the deal, and managing the property after acquisition. If you're looking for actionable information that will help you do your next deal, then you owe it to yourself to hear what Josh has to say. And if you like what you hear, do me a favor and go to to itunes to give us a review & rating. Enjoy!

27 Feb 20171h 48min