Revolutionizing Luxury Real Estate and Short-Term Rentals with Stephen Petasky

A lot of our listeners in Grand Rapids might know Bruce Vander Vennen as the President of Jack's Lawn Service and Snowplowing.  But what you may not know is that Bruce is also a successful rental property owner with 108 units in single-family, multi-family and condos in Kentwood, Grand Rapids, and Muskegon, Michigan. Today on our show, Bruce shares how he began his portfolio, the problems he faced along the way, and the new market he started investing in six months ago. Bruce also shares his story of a condo he picked up at tax auction that was not what he expected it to be, the Memorial Day Weekend he spent cleaning a sewage backup in the basement of one of his properties, and how that experience lead to his decision to hire professional 3rd party management. There's a lot of great content in today's conversation.  Please take a moment to go to itunes to 'subscribe, rate & review'! You can contact Bruce through his website.  If you're an RPOA member you can receive 20% off of your lawn care & snow plowing services. https://www.jackslawn.com/

24 Okt 201632min

My guest today is Joe Pohlen, a successful investor and entrepreneur who started buying single family student rentals while he was still in college. Joe has grown his portfolio to include Multifamily and Apartments in Grand Rapids, Kalamazoo, Lansing and Battle Creek, Michigan, which he oversees through his management company; Ancora Management. Joe will also be discussing his recent acquisition of several independent and assisted living facilities, and the extensive turnaround and receivership experience he gained during the great recession. You'll also learn the steps Joe went through to turn around a distressed 52-unit apartment community in Lansing, how he raises money from investors, and his management philosophy which helps him find the best residents. There's a lot of great information in today's episode.  Please take the time to go to itunes to 'subscribe, rate & review'! You can contact Joe & find out more at: joe@ancoraproperties.com http://ancoraproperties.com/ http://kalamazoo.apartments/

17 Okt 20161h 27min

You may have seen or heard my guest on CNN, CNBC, NPR, Fox News, CBS Marketwatch and the Wall Street Journal.  However, a 3 minute news blurb is not enough to learn all the knowledge and wisdom Kathy Fettke has to share.  That's why I know you're going to get a lot of value out of our podcast conversation today. Kathy Fettke is passionate about helping people create real wealth - which she defines as the freedom and money to live life on your own terms.  She's the CEO and founder of "Real Wealth Network", which is a California based real estate investment group with over 16,000 members. www.realwealthnetwork.com Kathy also hosts two extremely popular podcasts - "The Real Wealth Show", and "Real Estate News for Investors with Kathy Fettke".  She's also the author of the popular book "Retire Rich with Rentals" which is available on amazon.com. During our conversation, Kathy and I discuss areas of opportunity around the country, as well as 'bubble areas' that Kathy is helping her investors move their money out of.  Kathy shares how she and her husband overcame a major life obstacle to begin investing in real estate, and whether or not the market is heading for another downturn. There's a lot of great information packed into the episode that will make you look at real estate investing in a new light.  Enjoy!

10 Okt 201654min

Today I sit down to talk with the Top-Selling Multi-Family Broker in the Greater Grand Rapids area. Allison Koetsier is an Associate Broker with Compass Realty Services.  She's also a successful investor in Single-Family and Multi-Family Rental Properties. Allison shares her stories about her first investment in a four-unit rental property, the challenges she faced in learning how to manage her growing portfolio, and the reasons why she became a broker. Allison and I also discuss the advice she offers new clients who are starting or building their investment portfolio, the mistakes she's made along the way, and a recent investment she made using a 1031 Exchange. I'm excited to share this conversation with you.  If you like what you hear, please be sure to go to itunes and subscribe, rate & review! You can find out more about Allison online at: http://compass101.com/realtyservices/allison-koetsier/

3 Okt 201659min

Whether you're a Buy & Hold Investor, Wholesaler, Landlord, Property Manager or you do Fix & Flips, you most likely have some form of real estate business.  Whether you realize it or not, your business has a credit footprint that can be used to your advantage, especially when it comes to obtaining alternate financing. In today's conversation with Ty Crandall, we discuss Business Credit:  What it is, how to build it, and what it mean to you specifically as a rental property owner & real estate investor.  If you build your business credit the right way, you can access funds without using your personal information and social security number. Ty Crandall is a leading expert on building business credit and is the CEO of Credit Suite, one of the biggest and most credible business coaching operations in the United States.  He's also the author of two popular books: "Perfect Credit" and "Business Credit Decoded".  Ty also hosts an excellent podcast called "The Business Credit and Finance Show". You can contact Ty through his website: creditsuite.com And download a free report on "How to build credit for your EIN that is not linked to your SSN" creditsuite.com/ein

26 Sep 201642min

Mark Troy is the owner and founder of Compass Property Services, a full-service property management company that also does remodeling and helps investors and home owners buy and sell properties. Today we sit down to talk about Mark's early career as an investor and landlord, and the decisions that led him to start his own management company.  Mark shares his tips on leasing, evictions, and managing your property, and discusses the mistakes that he's seen many landlords make. We also talk about Mark's bigger goal to build massive wealth in order to give it away to important causes that he believes in. Mark is also the President of the Rental Property Owner's Association, and we discuss the importance of the RPOA in protecting the rights of investors and landlords at the city, state and federal levels. I know you're going to get a lot of great information from this interview.  Enjoy! You can contact Mark and Compass Property Services through their website: http://compass101.com/

19 Sep 201655min

If you're an active investor in commercial multi-family and apartments, or you're interested in getting into this space, I know you're going to get a lot out of today's conversation. I'm excited to sit down with Craig Black and Scott Nurski, who are both Multi-Family Investment Advisors with NAI Wisinski of West Michigan. We have definitely packed a lot of great information into today's conversation:  What you need to do to get brokers to take you seriously, the economy of scale with Multi-Family and Apartments compared to Single Family Investing, and factors & expenses to consider when you begin investing in larger units. Craig and Scott also go into detail on the Michigan and West Michigan market, including where you might still be able to find deals. You can also check out Scott Nurski's NAIWWM Mid-Year West Michigan Multifamily Market Forecast: http://www.naiwwm.com/services/multi-family/blog Craig and Scott are also quoted in the following Grand Rapids Business Journal Article: http://www.grbj.com/articles/86069-apartment-construction-expands-in-downtown-gr

12 Sep 20161h 17min

Last week I spoke with Josh Sterling about his Single Family Rental Investments and the plateaus he's overcome while building his portfolio from 1 to 160 units. This week, in part two of our conversation, Josh and I discuss the 24 Unit Apartment Community he purchased on Land Contract that had a 42% occupancy rate and how he managed to turn that around.  Josh shares how he improved the occupancy to near 100%, and cash-out refinanced all of the money he originally invested.  We discuss the "Infinite Return" he's created by no longer having any of his own money in the investment, while still cash-flowing $5,400 a month.  This is the Holy Grail of real estate investing, and Josh is going to tell us how he did it. We'll also talk about the 53-unit Josh purchased next, how he built his team at Epic Property Management, the systems and property management software he put in place to help build his portfolio, as well as new construction projects he's undertaken recently. This episode is bursting with great information for novice & seasoned investors.  Be ready to take lots of notes! http://epicpropertymanagement.com/

5 Sep 20161h 17min