Real Estate Investing for Cash Flow with Kevin Bupp

This week's episode of the Real Estate Investing for Cashflow Podcast features Brian Hamrick.& Brian Hamrick is the owner of Hamrick Investment Group, which controls over $32 Million in assets, including Multifamily and apartments, Self-Storage, Office, and performing and Non-Performing Notes. Brian currently asset manages 370 apartment units in Grand Rapids Michigan and successfully transitioned from his W-2 job to full-time real estate investing in 2014. In addition to his real estate endeavors, Brian also hosts a popular real estate investing podcast which can be found on iTunes and all other listening platforms.

Quotes:

So, I had all this money that was sitting in a bank account and I realized; I don’t know what to do with this. I didn’t even know what a Mutual Fund was at the time and I was 30 years old. So, I just starting learning and investigating.”
 
So, automating it really just made things so much easier, streamlined everything, and now we don’t need to have anyone on site except maybe a couple times a week to make sure it’s clean and sweep out empty units.
 
Highlights:
 
:40- Brian's background

9:28- Brian tells us what his favorite market is

15:27- Brian talks about if his new model is scalable and replicable
 
22:11- Brian gives his opinion on foreclosures and non-performing notes skyrocketing as a result of the pandemic
 
26:15- Brian tells us what asset classes he thinks will thrive in the pandemic 
 
30:53- Brian tells us about a bad deal he had and how he got through it
 
 
 

www.higinvestor.com

 
Direct download: Brian_Hamrick_Edited.mp3
Category:general -- posted at: 12:00am EDT

This week’s episode of the Real Estate Investing for Cashflow Podcast features Dan Genzel. Dan has nearly 20 years of experience over a variety of commercial asset classes and has participated in more than $100 Million worth of investment transactions. Dan's experience runs the spectrum including industrial properties, student housing, condo conversions, office, multifamily, and just about everything else.

 

Quotes:  

“That is such a good long-term asset. My kids will deal with that property. Because once these tenants get into that university, and the university continues to get bigger and bigger, it’s just such a good long-term tenant that just builds good customers whether they’re students or faculty. Since the university isn’t going anywhere, it’s a good property to own.” 

“I bought a 40-unit apartment building very close to the college and I and determined that there were no condos available for this particular neighborhood and area around the university. So, what I did is I bought that apartment building for about 50 a door and I think I put in about 15 or 20 on average per door then I turned around and sold them for about $130,000.00 and I’ll tell you what; every one of those were bought by a student’s parent. It’s a phenomenal investment and goes up about 5-10% every time one of those things turns.” 

   

Highlights: 

:58- Dan's background 

6:00- Dan tells his preference in which deal he’s drawn to the most 

12:07- Dan tells us about his first deal 

15:33- Dan tells is which commercial real estate class he thinks will thrive as we move past the pandemic 

21:00- Dan tells us about a deal that went wrong and what he’s do differently a second time around 

   

Guest Website:  

Direct download: Dan_Genzel_Edited.mp3
Category:general -- posted at: 12:00am EDT

This week's episode of the Real Estate Investing For Cashflow podcast features Scott Lewis. He is the co-founder and Chief Executive Officer of Spartan Investment Group, LLC (SIG) and has led several successful real estate projects ranging from single-family flips to ground-up development of self-storage. To date, SIG operates over 5500 storage units, 200 RV pads, has completed $11M in development projects, has $110M more underway and raised over $30M in private equity.

As the Chief Executive Officer, Scott is responsible for developing business strategies and plans ensuring their alignment with short-term and long-term objectives. In addition to Spartan, Scott is also in the US Army Reserves and is an Operation Iraqi Freedom Veteran. Scott graduated from Michigan State University with degrees in Chemistry and Marketing, from Catholic University with an MS in Management, and from Georgetown University with a Certificate in Project Management.  

Quotes:

“So, one of the things I asked my boss was, “Hey can I do this informally and just ask some people to provide some input both from across, up, and then down as well?” To give me this really holistic feedback so I can look at gaps in my personality or wherever I need to improve.” 

“I know that having an understanding of leadership both in theory and in practice is vitally important to be able to lead a team.” 

Highlights: 

:50- Scott's background 

11:20- Scott tells about what attracted him to the self-storage space 

20:27- Scott gives us a case study example on self-storage 

27:50- Scott gives his prediction of COVID’s impact on self-storage 

31:55- Scott talks about the other businesses he has his hands in as well 

Guest Website: 

www.spartan-investors.com 

 

Recommended Resources:

  • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com 
  • Sel Directed IRA Investment Opportunity - CLICK HERE to Learn More About How You Can Invest With Us Through Your SDIRA
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
  • Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 
Direct download: Scott_Lewis_Edited.mp3
Category:general -- posted at: 12:00am EDT

David’s chief responsibilities include the oversight of the Company’s strategic planning, business development, and fundraising functions. His expertise is derived from over 30 years of residential and commercial real estate experience as a licensed Pennsylvania realtor, investor, title company partner, and commercial fundraiser. In addition to his role as President and CEO, Dave’s biggest passion is teaching others how to build and preserve wealth.

Dave is a co-founder and board member of Strategic Investor Alliance, a purposeful planning and networking group for accredited investors in the Philadelphia area. Dave is also a national speaker, author, and investment blogger on BiggerPockets.com.

Recommended Resources:

Direct download: Final-Dave_Van_Horn.mp3
Category:general -- posted at: 1:00am EDT

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