Tue, 8 August 2017
Jason is an active investor and business owner who is involved in a multitude of real estate related businesses including being the owner of a 94 unit apartment complex, actively flipping 16+ homes per year, and also running his families building and house moving business. In todays show, we’re going to go behind the scenes with Jason and explore his background as it pertains to real estate investing and if all goes as planned have you guys walk away from this show with actionable advice that you can begin applying to your business immediately. Recommended Resources - Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self 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: jason_yarusi_final_edited_show.mp3
Category: general
-- posted at: 8:55pm EST
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Tue, 25 July 2017
Kathy is an active real estate investor herself, with properties ranging from single family rental homes, to commercial buildings, to large land development projects. She is a licensed real estate agent and former mortgage broker, which has helped her understand and teach the power of leverage. In todays show, we’re going to go behind the scenes with Kathy and explore her background as it pertains to real estate investing and if all goes as planned have you guys walk away from this show with actionable advice that you can begin applying to your business immediately. Check Kathy out @ www.RealWealthNetwork.com • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com • Self 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: Final_Edited_Show_152_-_Kathy_Fettke.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 18 July 2017
Our guest for this week’s show is multifamily investment expert, Paul Moore Paul’s first taste in real estate was in the single-family sector where he flipped over 50 homes and 25 high-end waterfront lots. He also appeared on HGTV’s House Hunters, rehabbed and managed rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms prior to entering into the multifamily space. Paul’s specialty is purchasing Class B value-add garden style apartment complexes in growing markets via a syndicated capital raise structure. In todays show with Paul we’ll be covering the following items: - How Paul got his start in large multifamily syndicated investments.
- How he was able to rebound from the recession of 2008 by focusing on giving and helping others versus focusing on the many struggles he was currently facing in his own real estate business.
- How he built his first multifamily project in a man camp setting in North Dakota to house oilfield workers.
- The numerous reasons he loves B class garden style apartment complexes located in growing markets.
- How he’s using sources like biggerpockets.com and writing a book to source his opportunities.
- Why suggests that you not swing for the fence on your first RE investment.
- The reasons you need to focus on your purpose and determine what kind of positive impact you want to have on this world and then use that blueprint to develop your company.
- And much, much, more…
Recommended Resources - Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self 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: Final_Edited_Show_Paul_Moore.mp3
Category: general
-- posted at: 1:00am EST
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Wed, 5 July 2017
Our guest for this week’s show is raw land expert investment expert, Mark Podolsky Mark’s specialty is purchasing raw undeveloped land at pennies on the dollar, often sold by motivated sellers who are delinquent on their property taxes, and selling it for huge profits. This is a niche of the real estate investment world that few people know about but is one that you should have on your radar if passive cash flow and huge ROI is important to you. In todays show with Mark we’ll be covering the following items: - How Mark got his start as a Raw Land investor
- How he regularly makes 200%, 300%, and even as high as 1,000% cash on cash returns with land.
- Why you shouldn’t worry about competition in the land business and the many reasons why you shouldn’t wait to get started in this niche.
- How to use technology to automate your land acquisition business.
- How to create huge returns by purchasing raw land for pennies on the dollar and selling on easy-to-qualify terms to your end buyer
- How to obtain a list of all raw land parcels within your desired county who are delinquent on property taxes
- How to market to these delinquent tax parcels and get your phone ringing off the hook with motivated sellers
- And much, much, more…
Recommended Resources - Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self 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: Final_Edited_Show-Mark_Podolsky.mp3
Category: general
-- posted at: 9:32am EST
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Tue, 27 June 2017
Our guest for this week’s show is commercial real estate investor and CPA, Mike Dymski Mike is a CPA by trade and works full-time in his career while building wealth through real estate investing on the side. He’s invested in apartment buildings, single-family homes, as well as multiple commercial private placement deals. In todays show we’re going to talk with Mike about a multitude of topics, including: - How he got his start as a real estate investor back in 2004.
- The reasons he transitioned from single family investments to multifamily and commercial
- How he finds balance in managing a family of 5 while simultaneously working full-time as a CPA and managing his many real estate investments
- His experience with a recent acquisition of a value-add 29 unit apartment complex
- What flooring material he prefers to use in his apartment renovations and why.
- The importance of a credibility book and why you need to create yours – NOW!
- His involvement as a passive investor in various other commercial investments, including family dollar.
- And much, much, more…
Recommended Resources - Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self 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: Final_Edited_Show_149_Mike_Dymski.mp3
Category: general
-- posted at: 10:35am EST
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Tue, 13 June 2017
Our guests for this week’s show is real estate expert and co-host of #1 Real Estate Investing Podcast on ITunes (Bigger Pockets), Brandon Turner In today’s show we’re going to be speaking with Brandon about how he got his start as a real estate investor and why he’s in love with multifamily real estate. Even better, we’ll discuss the reasons why he is shifting away from his smaller investments and focusing solely on larger apartment properties as well as my favorite, mobile home parks. Here’s What You’ll Learn: - How Brandon got his start as an investor by flipping homes before getting bit by the rental bug
- Why you should steer clear of single family homes if your goal is to build a cash flow realm estate business
- Learn why Brandon is changing is focus over to Mobile Home Parks and is currently working on purchasing his first park
- The reasons why Brandon is starting to divest of his smaller investments with the intention of using that equity to purchase larger scale multifamily properties and/or mobile home parks.
- Learn about the most common challenges new investors face when get started and how to easily overcome them
- The magic of direct mail and why you need to add this strategy to your real estate business.
- Why multifamily is the perfect asset to build incredible wealth while also maintaining a very even keeled work/life balance
- What sequential steps Brandon would take to rebuild his business if he lost everything tomorrow.
- And much, much, more…
Recommended Resources: - Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- 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: Final_Edited_Show_147_Brandon_Turner.mp3
Category: general
-- posted at: 1:00am EST
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Thu, 1 June 2017
Our guests for this week’s show are Multifamily and commercial real estate experts and syndicators, Thomas and Tim Black In today’s show we’re going to be speaking with Tom and Tim about how they got their start as multifamily investors. In fact, they both took very different paths before finding themselves knee deep in the multi-family space. Tom was an emergency room physician and Tim a CEO for a national resorts chain. But as they’ll both tell you, getting to where they are today wasn’t an easy road. Here’s What You’ll Learn: - How Tom got his start as an emergency room physician prior to diving into multi-family in a big way.
- The lessons learned from his first multi-family deal, which was a ground up development of a medium scale complex.
- How he used the 1031 tax exchange code to parlay his equity from his ground up apartment development into multiple other cash flowing assets – completely tax free
- Learn how Tom has built an extensive database of high net-worth investors by focusing on educating doctors and medical professionals on cash flow real estate investments
- What his investment horizon looks like with regards to how long he likes to hold his investments and why
- How he structures his syndications in his various partnerships
- The importance of relationships and why you need to be continually cultivating relationships with key brokers and property owners alike.
- The importance of analyzing deals and making offers and why the odds are in your favor to find a great deal when you increase the overall number of deals you’re underwriting.
- And much, much, more…
Recommended Resources: - Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- 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: Final_Edited_Show_146_-_Tom_Black.mp3
Category: general
-- posted at: 11:58am EST
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Tue, 23 May 2017
Man, do I have a special treat for you guys today. In this episode I’ll be speaking with my long time personal friend and mentor, Rod Khleif. I can tell you that this episode was way overdue and has been something that Rod and I have been talking about for the past year or so. Well, I can tell you this, whether you’re just getting started as a real estate investor are or already a seasoned pro, I promise that you’ll find huge value in my talk with Rod today. I can tell you that I attribute a substantial portion of my overall success as a business owner and real estate investor to Rod’s personal involvement in my life. In todays show we’re going to steer clear from the mechanics of real estate investing and focus on Rod’s personal philosophy of goal setting, visualization, and manifesting success and how we can apply these same practices in our own life. Recommended Resources:
Direct download: Final_Edited_Show_145_Rod_Khleif.mp3
Category: general
-- posted at: 4:33pm EST
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Wed, 3 May 2017
Our guest for this week’s show is Multifamily investor, resort developer, and serial entrepreneur, Dave Zook. In today’s show we’re going to be speaking with Dave about how he got his start as a multifamily syndicator and quickly scaled from just one single family rental to more than 2,000 units. In addition to his multifamily endeavors, Dave is also involved in a very unique resort development project in Belize as well as an ATM investment opportunity. And what I’d like you to take note of in todays call is how Dave has leveraged relationships to help fuel his growth in major way. In fact, he credits a large majority of his success to those people whom he’s surrounded himself with over the past years. You know how the old adage goes, “your net worth is the average of the 5 people you spend the most time with” Here’s What You’ll Learn: - How Dave pulled together his first partnership on a 92 unit apartment in Memphis
- How Dave was able to bring value to the partnership even though he had limited experience as a multifamily investor
- The process Dave took to educate himself on real estate syndication and how you can apply this same strategy in your own business.
- The power of depreciation and why this was one of the key factors that attracted Dave to real estate
- Why he likes to diversify into various investment types in and out of the real estate niche. For example, he is currently involved in ATM investments
- The unique “asset management” system he installs in each one of his apartment communities that allows him to virtual see and communicate with the residents.
- What he would have done differently in one of his first partnerships given the chance to start over again.
- And much more
Recommended Resources:
Direct download: Final_Edited_Show_143_Dave_Zook.mp3
Category: general
-- posted at: 8:49pm EST
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Thu, 27 April 2017
Our guest for this week’s show is Multifamily Investment Expert, Brian Adams. In today’s show we’re going to be speaking with Brian about how he got his start in the multifamily space and how he’s been able to leverage strategic partnerships to grow his business from one duplex to 600+ units in just a few short years. And the exciting part of todays show that I want you to pay close attention to is how Brian focused on building these strategic partnerships and relationships during the early stages of his investing business and how this helped fuel his growth in a huge way. Here’s What You’ll Learn: - Why unique attributes attracted Brian to the multifamily asset class
- How finding a lead sponsor allowed him to go from one duplex to purchasing a 276 unit building on just his second deal
- How to quickly build a track record with potential money partners even if you’re brand new to the business
- The importance of job growth and how this one characteristic is one of the primary drivers of a strong real estate market
- The beauty of forced appreciation and how this can result in millions of dollars of profits in a short period of time
- The power of direct mail and how Brian was able to acquire a 209-unit off-market multifamily property for below market value.
- The importance of figuring out your “why” and how to use this as the motivation to get out and take what’s yours.
- And much more
Recommended Resources:
Direct download: Final_Edited_Show_142_Brian_Adams.mp3
Category: general
-- posted at: 10:53am EST
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Tue, 11 April 2017
Our guest for this week’s show is Real Estate Developer and Investment Expert, Doug Fath. In today’s show we’re going to be speaking with Doug about how he got his start as a real estate developer and how he was able to overcome the many challenges along the way. Here’s What You’ll Learn: - How Doug got his start entrepreneurial start while still in college by building an on-line sports apparel company before selling it off to focus on Real estate Investing
- What initially attracted him to the student housing market and how he was able to stay one step ahead of the competition.
- The process of repurposing an old run-down factory into a modern mulit-family apartment complex.
- The unexpected hurdles he faced during a historical renovation project and the lessons he learned from this monetarily challenging time.
- The advice he gives to all new aspiring developers who are considering venturing down this path
- How to overcome the financing challenges associated with ground up development projects
- What steps he would take to rebuild himself if he lost everything today and had to start all over again in a new city with no money and no credit.
- And much more
Recommended Resources:
Direct download: Final_edited_show_141_Doug_Fath.mp3
Category: general
-- posted at: 7:15pm EST
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Wed, 29 March 2017
In today’s show we’re going to be speaking with J about his new exciting real estate business venture of short-term rentals and why he’s shifting his entire strategy to focus on this niche. I can tell you that J really got my attention during this show and I’m excited to share this very interesting and seemingly lucrative investment opportunity with you. As with all my shows, my primary objective is to help educate you on various ways of creating massive amounts of passive cash flow from real estate investing and I think you’re really going to enjoy this one. Here’s What You’ll Learn: - How J was forced into becoming a real estate investor after experiencing some very challenging medical issues in his life.
- Why J is refocusing all his investment efforts into the short-term rental game and why he feels this is one of the “best kept” niches in real estate today.
- How to receive two to three times the gross rental income from a particular unit by transitioning from a long-term annual lease to a short-term arrangement.
- The two specific sub-classes of short-term tenants that J likes to focus on and why.
- How to utilize a sandwich or master lease structure and get into this business without having to actually purchase the real estate, thus eliminating the need for credit.
- The best websites to advertise your short-term rental properties and how to streamline the process.
- The unique features that J includes in his rentals that set his properties apart from the competition, which in turn creates a continually high demand for his units.
- How to seek out the best markets for short-term rental opportunities.
- And much more
Recommended Resources:
Direct download: Final_Edited_Show_140_J_Massey.mp3
Category: general
-- posted at: 11:03pm EST
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Tue, 21 March 2017
Our guest for this week’s show is Multi-family Investment Experts, Matt Wood and Mike O’Connor In today’s show we’re going to be speaking with Matt and Mike about how they got their start as Multifamily investors and how they have been able to amass a portfolio of 140+ units in just a few short years, all while working full-time jobs. You think it’s easy? Well, I can tell you that it isn’t and Matt and Mike will share with us both their victories as well as the war stories that they’ve experienced through this challenging, yet rewarding journey. Here’s What You’ll Learn: - How Matt and Mike got their start as Real Estate investors while both working full-time jobs and juggling family life.
- How they quickly transitioned from a single family flip to a 32-unit apartment building.
- The importance of creating internal operational systems and processes and how by doing this they’ve been able to scale their business at an incredibly fast rate.
- The importance of choosing the right strategic partners to team up when investing in larger, more complex deals
- The potential opportunity in purchasing properties from non-profit operators.
- The struggles they experienced during a large apartment rehab and the lessons they learned along the way
- The beauty of ready-fire-aim and the reasons you need to just get out and get your first deal done NOW!
- And much more
Recommended Resources: - 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
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Direct download: final_edited_show_139.mp3
Category: general
-- posted at: 10:15pm EST
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Thu, 9 March 2017
Our guest for this week’s show is Passive Commercial Real Estate Investment Expert, Jeremy Roll Jeremy has been an active real estate and business investor for over 15 years who left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 70 opportunities across over $500 Million worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,000 investors in the US and Canada who seek passive/managed investments in real estate and businesses. Jeremy also co-founded For Investors By Investors (FIBI), a non-profit organization, in 2007 with the goal of networking with, learning from, and helping other investors. FIBI is now the largest group of public real estate investor meetings in California with over 23,000 members. I actually had the pleasure of meeting Jeremy in person a few weeks back our in Denver at a real estate conference we were both speaking at and I have to say that this man is brilliant and is someone you need to be listening to. He is 100% data driven when it comes to his investing style, which has proved very successful in his 15 years of being a passive investor. In this interview with Jeremy you’re going to learn - Why he prefers passive investments versus being the lead sponsor
- Jeremy’s’ definition of diversification and what that means to a passive investor
- Why he prefers operators who focus on one asset types, two at the most.
- Jeremy’s advice on becoming an expert in a particular asset class prior to becoming a passive investor
- The best methods for seeking out the various private offerings available to passive investors
- How to property vet the sponsors of an opportunity.
- What circumstances would cause a yellow flag versus a red flag when considering opportunities.
- Why he loves mobile home parks and self storage facilities during both the good times as well as the bad parts of a real estate cycle
- Why you should be cautious if you’re buying in todays market
- And much more…
Recommended Resources: - 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
- Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S
Direct download: Final_Edited_show_138_Jeremy_Roll.mp3
Category: general
-- posted at: 2:42am EST
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Tue, 21 February 2017
Our guest for this week’s show is Mulit-family Investment Experts and fellow real estate podcasters, Jack Stenziano and Gino Barbaro. In today’s show we’re going to be speaking with Jake and Gino about how they got their start as Multifamily investors and how they have been able to amass a portfolio worth in excess of $32 million in just a few short years. In our candid conversation we’ll also discuss the various challenges they faced when getting started and how they were able to push through them even in the most difficult of times. Here’s What You’ll Learn: - What attracted Jake and Gino to the Knoxville, TN market and why they decided to turn their focus away from New York.
- The power behind finding a coach and mentor and how this catapulted them forward into the multifamily space.
- Why they love mom and pop owned apartment properties and what unique opportunities these types of properties offer them as investors
- How they negotiated very attractive owner financing on their first 25-unit deal.
- What value-add components they look for when seeking out multifamily properties
- The power of a credibility book and how to create one for your own business
- The importance of the market itself and why becoming a market expert needs to be your #1 priority and finding deals your #2 priority.
- Gino’s technique on how to read 1 book per week.
- And much more
Recommended Resources:
Direct download: Final_Edited_Show_137_Jake_and_Gino.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 14 February 2017
Our guest for this week’s show is real estate expert and fellow podcaster, Keith Weinhold. In todays show, Keith and I are going to be discussing the Five Biggest Mindset Myths That Are Killing Your Wealth Potential" but all that can be solved with the proper real estate investments and education. Keith is an absolutely brilliant individual and as well as a wealth of knowledge and I’m positive that you’ll find endless value in our time together. Recommended Resources:
Direct download: final_edited_show_136_keith_weinhold.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 31 January 2017
Our guests for this week’s show is commercial real estate expert, Brian Murray In today’s show we’re going to be speaking with Brian about how he went from being a school teacher with absolutely zero real estate to full-time commercial real estate investor with a multi-million dollar portfolio valued in the 10’s of millions. And if that isn’t enough to impress you, what if I told you his very first commercial deal was a 50,000 sq. ft. office building. Strap your seatbelts on, kids, this is one ride that you’ll want to hang on for! Here’s What You’ll Learn: - How he transitioned from school teacher with zero real estate experience to doing his very first commercial real estate deal, which was a 50,000 sq. ft. office building
- How he was able to creatively structure the financing on this property even though it was only 50% occupied at the time of closing.
- How he was able to quickly take the property from a point that it was just breaking even to making a substantial positive cash flow each month.
- Lessons on how to successfully own and manage a variety of commercial asset types versus just focusing on one type.
- The process of converting a prior extended stay hotel into a highly desirable apartment building.
- How Brian utilizes a “low pricing” strategy in one of his apartments in order to beat out the competition and why he feels this is the most profitable way to run this particular property.
- How to make the switch from smaller real estate investments and transition into larger commercial deals.
- A few tidbits on how to find the heavy hitter investors within a particular marketplace and how to establish a relationship with them.
- Why Brian feels that every investors needs to learn the landlord business firsthand prior to outsourcing to a 3rd property management company.
- And much more
Recommended Resources:
Direct download: finaled_edited_show_135_brian_murray.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 24 January 2017
Our guest for this week’s show is multi-family expert and fellow real estate podcaster, Joe Fairless This will be Joe’s second time on the show since his first appearance on episode #11 nearly 3 years ago. Well, a lot has changed in the last 3 years for Joe with one of the biggest changes being the more than 1200 multifamily doors he’s added to his portfolio. He’s turned into a full-time multifamily syndicator and is well on his way to building a massive empire. Here’s What You’ll Learn: - How to get started as a real estate syndicator, even if you have no experience or track record.
- How his business has evolved over the past 5 years and the major things he’s doing differently that have attributed to his growth.
- How to evaluate the existing reputation of a community during the due diligence stage.
- How he’s been finding most of his deals and where he plans to spend most of his energy moving forward.
- What advice he would give himself if he could go back and speak to himself when he was first getting started – you’ll be surprised by the answer.
- Much, much more
Recommended Resources:
Direct download: final_edited_show_Joe_Fairless_2.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 10 January 2017
In today’s show we’re going to be speaking with Jonathan Towell and Gary Evans about how they got their start as real estate investors and how in a few short years they have been able to amass a very significant portfolio of self storage & multifamily properties all while working a full-time jobs. Here’s What You’ll Learn: - How they got their start by purchasing a few small single-family rentals before moving onto larger self-storage and multifamily properties.
- How they’ve successfully negotiated owner financing structures with multifamily sellers
- The story of their first large multifamily acquisition, which was a 213 unit apartment building.
- The struggles they faced during the capital raising process and how they overcame them as well as what they would have done differently.
- What a carpet cleaning franchise has to do with real estate investing.
- How they’ve fueled their occupancy in their self storage properties and dominated the local market by mastering google adwords
- And much more
Recommended Resources:
Direct download: final_edited_show_133_Jonathan_Towell.mp3
Category: general
-- posted at: 9:55am EST
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Tue, 3 January 2017
In today’s show we’re going to be speaking with Jeff about how he got his start as a real estate investor and how he has been able to build a 160+ unit portfolio of cash flowing single family & multifamily properties all while working a full-time job as an IT consultant. Jeff’s story is proof that it’s possible to become a successful real estate investor while working a full-time job as long as you’re willing to put in the time, get the proper education, and align yourself with the proper people within the industry. The point I’m trying to make by telling you all of this is that there are no excuses of why YOU can’t build a CASH FLOWING commercial real estate portfolio while working your current job. The proof is right here ladies and gentleman – NO EXCUSES IN 2017! Here’s What You’ll Learn: - How he’s been able to maintain his full-time gig as an IT consultant while simultaneously buying 40+ doors per year.
- The lessons he learned from his first larger multi-family apartment investment and how he’s applied those newly acquired skills to his business
- The attraction to the daycare business and how this led him to owning a commercial property that is occupied by a daycare center.
- The one BIG mistake he made when purchasing a tax deed that was a direct result of a lack of due diligence prior to purchasing the tax deed.
- What one thing he would change about his business if he could go back and start all over again.
- Why he feels that not using O.P.M. has stunted his growth as an investor and why he is now considering integrating this type of structure into his business.
- What his crystal ball is telling him about the Atlanta market
- The mistakes he’s made by not properly estimating the amount of cap-x the property will need and how he’s making the necessary changes to avoid this problem moving forward.
- And much more
Recommended Resources:
Direct download: final_edited_show_132_Jeff_Kehl.mp3
Category: general
-- posted at: 5:59pm EST
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Tue, 29 November 2016
Our guest for this week’s show is Mulit-Family Investment Expert, Jeff Greenberg. In today’s show we’re going to be speaking with Jeff about how he got his start as a Multifamily and how he has been able to build a 700+ unit portfolio of cash flowing multifamily properties all while working a full-time job. And if that wasn’t enough, Jeff also leads 3 different real estate investment clubs in Southern California. Jeff’s story is proof that it’s possible to become a successful commercial real estate investor while working a full-time job as long as you’re willing to put in the time, get the proper education, and align yourself with the proper people within the industry. The point I’m trying to make by telling you all of this is that there are no excuses of why YOU can’t build a CASH FLOWING commercial real estate portfolio while working your current job. The proof is right here ladies and gentleman! Here’s What You’ll Learn: - Learn how Jeff pulled off a syndication on his very first multifamily deal and what he learned from this experience.
- What attracts Jeff to some of the smaller Texas markets and how these smaller markets are performing for him.
- How he finds quality deals on often times overpriced loopnet listings.
- How he uses local real estate investment clubs as well as bigger pockets to find investors for his deals.
- The one thing he would have done differently in his real estate business given the chance to start over again.
- Why he feels that mentors are critically important but why there is absolutely no need to have them local. In addition, Jeff speaks to specific advice on how to find a mentor.
- The reasons he feels that real estate gurus do new investors a disservice by portraying real estate investing as an easy business.
- And much more
Recommended Resources:
Direct download: final_edited_show-Jeff_Greenberg_130.mp3
Category: general
-- posted at: 8:57pm EST
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Tue, 22 November 2016
Our guest for this week’s show is Commercial and Residential Real Estate Investment Expert, Matt Theriault. In today’s show we’re going to be speaking with Matt about how he got his start as a Real Estate investor after hitting rock bottom and how he has been able to build a significant portfolio of cash flowing passive real estate investments with very little of his own money and bad credit. Matt holds a very diverse portfolio of investment types including multifamily and single family and shares with us the many reasons why he prefers the diversity of owning both types. In addition, he also shares with us his unique perspective on the shirting real estate cycles and how he and his team are both adapting and preparing for a future correction. And in case you are familiar with who Matt is, he’s a fellow podcaster who runs numerous real estate related podcasts, with the most popular one being Epic Real Estate Investing. I actually recorded this show with Matt a few months back and so you’ll hear us talk about a few things that are a little dated like the election, which hadn’t happened yet. I’m absolutely positive that you’ll gain great value from our show together as I know I did. Here’s What You’ll Learn: - How Matt got his start in the Real Estate business with little money and bad credit after losing everything in his prior business.
- The story behind his first investment and how he took a large single family residence and converted it into a legal 4-plex and what he learned along the way.
- The reasons he feels that the safest place to invest is in cash flowing real estate, and as long as you buy right, you should be safe even in a down market.
- The single biggest challenge he sees new investors face who are just getting started as a real estate investor and a few suggestions on how to overcome the common hurdles.
- The big myth behind “no money down” real estate investing and how not to get sucked up in this mindset.
- Why he feels that the follow-up process is the most important component of the acquisition cycle.
- The multiple “out-of-the-box” methods his team is utilizing to uncover deals in this very tight market.
- The struggle his business experienced when their primary property management company who was managing 100’s of units for them, went belly up. Matt will share how he overcame this challenge and how his business infrastructure has changed to avoid this ever happening again.
- How he has been able to scale his RE business to the next level by utilizing syndication and use other peoples capital to build his portfolio.
- And much more
Recommended Resources:
Direct download: final_edited_show_129-Matt_Theriault.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 1 November 2016
In todays show, we’ll be speaking with Greg Markov, who is partner and national instructor with the real estate negotiation institute. Whether you’re an aspiring Real Estate investor who hasn’t yet done a deal yet or a seasoned investor with a multi-million dollar portfolio, learning how to become an effective communicator and negotiator will help take your real estate business to the next level. It’s quite simple; master the skills of negotiations and you will inevitably find yourself leaps and bounds ahead of your competition. I’m positive that you’ll find a ton of value and education in our show with Mark. Enjoy! Recommended Resources:
Direct download: final_edited_show_128-Greg_Markov.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 11 October 2016
In todays show, we’ll be speaking with Dave Foster, who is the regional development director for Colorado based exchange resource group, a qualified intermediary specializing in 1031 tax deferred exchanges. If you are a Real Estate investor who hasn’t yet discovered the power behind, then I’m positive that you’ll be blown away by the information that Dave shares with us today. Plain and simple; what would you say if there was a way to essentially defer all of your capital gains taxes indefinitely? Would you want to know how? Well, that’s what we’ll cover in todays show. The 1031 exchange is a tax code utilized by the most successful real estate investors and is one you need to your Real Estate Investing arsenal. I’m positive that you’ll find a ton of value and education in our show with Dave. Here’s what you’ll learn in todays show: - What a 1031 Tax Exchange is and how this particular tax code allows us to defer tax liability after a sale of a property.
- What a “like-kind” exchange is.
- The basic structure and steps taken to perform a 1031 exchange
- Why you can’t use a 1031 on your primary residence.
- How to navigate the timing rules of a 1031 exchange and ensure you don’t miss the deadlines to identify your “like-kind” exchange.
- The biggest mistakes made by new investors when trying to perform a 1031
- The 4 types of exchanges and the ideal situation for each one
- Why you’d be foolish not to roll your property into a 1031 exchange
- And much, much more….
Recommended Resources:
Direct download: Final_edited_show_127_Dave_Foster.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 4 October 2016
In todays show I’m going to cover the many different ways to use craigslist to help grow your real estate business. Most people craigslist is just for advertising your properties for rent or sale, and don’t get me wrong, it works great for that. But I’m going to share 7 other ways that we use craigslist within our own real estate business so you can see the sheer power that craigslist provides you as an investor. Recommended Resources:
Direct download: final_edited_show_126.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 20 September 2016
In this weeks show we’ll be speaking with commercial real estate investor, Ash Patel. Ash is quite the visionary as he commonly takes vacant and/or commercial properties and repositions them into highly valuable investments. And the best part, Ash did most of this all while working a full-time IT job. He has since gone full-time as a Real estate Investor, but you could say that he built a very successful real estate investment business in his part-time. I’m positive that you’ll find our show with Ash both inspiring and motivational…I know I did. Here’s what you’ll learn in todays show. - How Ash made the transition from being a full-time IT consultant to a full-time real estate investor.
- Why he prefers commercial investments to residential?
- The reasons why he was forced him to remain vacant for more than 6 months in one of his multifamily properties and the lessons he learned from this experience.
- Why he feels local bank relationships are paramount in this business, especially when it comes to smaller scale commercial projects.
- The opportunity he saw in a vacant single use tenant building that had an abnormally small amount of parking and turn it into a highly desirable asset.
- How he’s been able to find all of his recent deals without having to do any direct marketing strategies like direct mail or cold calling.
- How he’s been able to hedge his risk from another potential real estate down cycle by negotiating longer terms with his banks and also selling off any of his higher priced assets.
- Why he feels that there are a ton of opportunities that exist on the local MLS, not Loopnet or CoStar, but the local MLS.
- The reasons he wishes he would have sought out a mentor in the very beginning to help offset his learning curve and how he would have gone about finding this mentor.
Recommended Resources:
Direct download: final_edited_show_124_ash_patel.mp3
Category: general
-- posted at: 1:00am EST
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Tue, 6 September 2016
Our guest for this week’s show is real estate investor and multifamily syndicator, David Thompson. David is a Real estate Investor based in Austin, TX. His story is one of commitment, dedication, and a “never give up” attitude. In today’s show, David is going to share how he recently raised $1 million in a short 2 weeks for his very first multi-family deal. And if that isn’t impressive enough, this first deal is 320 units. So let me recap, this was the first time he ever raised capital for a real estate deal and this was his very first multifamily property. So, todays show will be part 2 of our 2 part series where David is going to share with us the 10 BIG lessons he’s learned on this first deal and how you can take these same lessons and apply them in your own business. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by David’s Story. The 6 Lessons We’ll Discuss in Todays Show: 5) Why relationships are key and where David focused most of his time during the capital raising process. 6) The importance of raising 20% to 30% more capital than what you really need. 7) The power of creating scarcity and why you must institute a first come, first serve offering. 8) Why you’re leaving money on the table if you’re not asking for referrals 9) Why timing is everything and how timing and life events will have an impact of the ability for you to raise capital. 10) The importance of having unwavering support from your friends and family and the reasons David attributes a large majority of his success to this one principle. Recommended Resources:
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Tue, 30 August 2016
Our guest for this week’s show is real estate investor and multifamily syndicator, David Thompson. David is a Real estate Investor based in Austin, TX. His story is one of commitment, dedication, and a “never give up” attitude. In today’s show, David is going to share how he recently raised $1 million in a short 2 weeks for his very first multi-family deal. And if that isn’t impressive enough, this first deal is 320 units. So let me recap, this was the first time he ever raised capital for a real estate deal and this was his very first multifamily property. So, todays show will be part 1 of a 2 part series where David is going to share with us the 10 BIG lessons he’s learned on this first deal and how you can take these same lessons and apply them in your own business. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by David’s Story. The 4 Lessons We’ll Discuss in Todays Show: - The Importance of Partnering w/ Experts
- Gaining knowledge and confidence by studying the Investment Pitch deck and handling the investors questions and objections head on.
- The Power of a Great Project
- The significance of your list of contacts and why you need to start working this list far before you find your first deal.
Recommended Resources:
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Tue, 9 August 2016
Mark is the founder and president of Luxmana Investments, a real estate investment firm based in Denver, CO that focuses on both residential and multifamily investments. We’re going to speak with Mark about how he was able to go from just being a part-time investor who still had to work a full-time job to make ends meet, to a person who quit the corporate rat race to pursue his Real Estate passion Full-Time. We’ll also dive deep into the recent 64-unit apartment acquisition in TX and how he was able to find an opportunity in a property that most others had passed on. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by Marks Story. And as a special bonus, Mark has so graciously agreed to give you a free copy of his recently written report titled 10 "NOT SO OBVIOUS" WAYS TO BOOST YOUR MULTIFAMILY PROPERTY NOI, but there is one catch, you’ll have to listen until the very end in order to find out how to redeem your this free report. In this show with Mark you’re going to learn: - How Mark got his start with one duplex in 2004 while working full-time in the technology field before scaling up his investments and leaving the rat race in 2015 to go full-time as a real estate investor.
- The reasons Mark attributes most of his successes to the incredible team he has built and feels he wouldn’t be where he is today without them.
- The hard lessons Mark learned after investing his money in what he later found out was an investment scheme and the small steps he could have taken that could have potentially helped him avoid this mess.
- Why Mark chooses to buy apartments in markets that are almost 1,000 miles away from his home in Denver, CO and the systems he uses to manage these from afar.
- The opportunities that can exist in stale listings and how Mark was able to pick up a great deal that many others passed on.
- The importance of forming a strong relationship with the city or county inspector in the area where your property is located.
- How to accelerate your growth by finding both a mentor and experienced sponsor.
- And much more…
Recommended Resources:
Direct download: final_edited_show_121_-_Mark_walker.mp3
Category: general
-- posted at: 12:19pm EST
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Wed, 20 July 2016
Our guest for this week’s show is powerhouse retail investor and developer and founder of Simon CRE, Josh Simon. In today’s show, we’ll be speaking with josh about how he started his CRE business from scratch while still in his mid-twenties and in a short 6 years has grown it to a company that holds more than half a million sq. ft. of retail space and is currently on track to develop more than $100 million dollars of projects in 2016. Josh is the true definition of an entrepreneur and his fearless, but acutely focused attitude are what led him to where he is today. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by Josh’s story. In this show with Josh you’re going to learn: - How Josh got his start in the commercial real estate industry and went onto found Simon Commercial Real Estate.
- The struggles he face by starting his company in 2010, which was pretty much at the bottom of the recession and how he was able to push through and build a multimillion dollar commercial real estate firm within a few short years.
- The first deal Josh did after stepping out on his own and how this first deal molded the business model that he built the basis of Simon CRE.
- The reasons he feels that all the good shopping center redevelopment plays have dried up and most of the good deals have been picked over.
- The impact that technology is having on the retail industry and how future developments will need to have drastic redesigns in order to adapt things such as or autonomous or self driving cars.
- Why he feels that amazon drones or ecommerce stores won’t replace basic needs retail anytime soon.
- The driving trends behind service based store chains like Dollar General and Dollar Tree and how these smaller retail footprints offer a more convenient option to larger store like walmart and targets.
- What the process of site selection looks like when working as a preferred developer for a credit retailer.
- Why Josh suggests that focus is one of the most important traits in the real estate industry.
- And much more
Recommended Resources:
Direct download: Final_Edited_Show_119_Josh_Simon.mp3
Category: general
-- posted at: 9:53pm EST
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Tue, 12 July 2016
Our guest for this week’s show is Deferred Sales Trust Expert, Richard Hershey. In today’s show, I’ll be speaking with Richard about this 1031 exchange alternative called the deferred sales trust. If you’ve ever been involved in a 1031 transaction before then you know that the short time constraints can be absolutely nerve wrecking and a failed 1031 can leave your money tied up for up to 6 months, and worst yet, a failed 1031 means that all those capital gains you were trying to avoid paying will now be fully realized. Well, welcome to what I’d like to refer to as your 1031 plan "B". Whether you’re a new investor or seasoned pro, I’m positive that you’ll get a ton of value from my interview with Richard today. In this show with Richard you’re going to learn: - What exactly a deferred sales trust is and how this estate planning instrument can offer you an alternative to a 1031 exchange and actually become a “plan B” or failsafe in case you encounter a failed 1031 exchange,
- The benefits of being able to purchase investments other than just real estate from your sales proceeds by use of the deferred sales trust. These investments could be bonds, stocks, annuities, etc.
- The costs and fees associated with this type of structure.
- How, we real estate investors can use this as a strategy when dealing with sellers who don’t have an interest in buying more property and who also have a fully depreciated asset that will have some major tax consequences should they sell. In my business I deal with a lot of mom and pop sellers who are in this exact scenario where a deferred sales trust would be the perfect way for them to sell their property without having to exchange into another active real estate investment while still mitigating their exposure to uncle sam.
- And much more
Recommended Resources:
Direct download: Final_edited_Show_118_Richard_Hershey.mp3
Category: general
-- posted at: 10:48pm EST
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Tue, 28 June 2016
Our guest for this week’s show is Multifamily Investor, full-time syndicator and expert direct marketer, Darin Garman. In today’s show, we’ll be speaking with Darin about how he went from being a prison guard in Iowa to becoming a successful multifamily investor and an absolute brilliant marketer. I actually learned of Darin many years ago after reading about him in a few various Dan Kennedy marketing books. For those who aren’t familiar with Dan Kennedy, he’s one of the leading experts in the Direct Marketing space and is the one who personally taught Darin how to leverage his marketing to drive results in the multifamily investment space. If you’re looking for an edge and want to learn how to create a massively effective direct mail campaign, then you really need to listen to what Darin has to say. I will warn you, it’s an abnormally long show but it is all quality and absolutely no fluff. In this show with Darin you’re going to learn: - How Darin started out as a prison guard in Iowa prior to venturing into the real estate field.
- How he stumbled into the multifamily niche and built his business from scratch.
- The benefits of the CCIM courses and why he feels that these are by far the best educational courses in the industry.
- How he structured his very first partnership with investors and how be pitched it to entice investors.
- What specific demographics and economics Darin looks when determining markets to invest in.
- Why he prefers buildings with separately metered utilities and how he handles properties that are not separately metered.
- Darin shares his scientific method that he uses to create constant deal flow by contacting owners directly and how you can apply the same method in your business.
- How he uses newsletters to build himself as an industry expert, which in turn, also creates deal flow.
- And much more
Recommended Resources:
Direct download: Final_edited_show_117_Darin_Garmin.mp3
Category: general
-- posted at: 9:31pm EST
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Tue, 14 June 2016
Our guest for this week’s show is Multifamily Investor and full-time syndicator, Andrew Cushman. In today’s show, we’ll be speaking with Andrew in detail about how he went from being a full-time chemical engineer to a full-time multifamily syndicator who has amassed 1,470 doors in just over 5 years. Andrew will share with us intimate details on his first deal, which was a 92-unit apartment in Macon, GA that was 75% vacant and the lessons he learned from this first experience. He will also share the exact systems and processes that he uses to find deals in todays marketplace so that you can replicate these same ideas in your own business. Andrew’s story is both inspirational and motivating as it truly shows what true grit and raw determination can afford us in this business. I’m positive that you’ll enjoy and gain huge amounts of value from our show today. In this show with Andrew you’re going to learn: - How Andrew transitioned from being a chemical engineer to a full-time fix and flip real estate investor before deciding to focus on syndicating multifamily properties.
- Learn about the trials and tribulations he experienced with his first multifamily deal, which was a 92 unit property in Macon, GA which was 75% vacant at the time of purchase and more than 2,700 miles away.
- How he was able to continue to thrive as an investor, even during the downturn of 2007 and 2008.
- How he found his first mentor who trained him in the multifamily space.
- How he found funding for his first multifamily deal through the relationships he had built while fixing and flipping residential homes.
- Why he’s attracted to the Southeastern states and feels there are multiple secondary and tertiary that are experiencing positive growth.
- What underlying fundamentals Andrew looks for in the markets he invests in. For example; population, median house prices, median incomes, crime rates, job growth, etc and which websites he uses to perform this research.
- The step-by-step process he goes through to find high quality property management companies in markets where he has no presence or existing relationships.
- What relentless persistence means to Andrew and how it took him 4,576 calls to get his first deal.
- And much more
Recommended Resources:
Direct download: Final_edited_show_116_-_andrew_cushman.mp3
Category: general
-- posted at: 1:00am EST
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Mon, 13 June 2016
Kevin Bupp here from the real estate investing for cash flow podcast and today I’d like to share with you a two very important announcements. The first one is regarding our regularly released Monday episode of the real estate investing for cash flow podcast, and the other is regarding our newly launched Mobile Home Park Investing podcast. I’ll also share with you how to grab two free gifts, which will only be available for a limited time. But you’ll have to listen to find out how to get them. Recommended Resources:
Direct download: Final_edited_show_special_announcement.mp3
Category: general
-- posted at: 2:00am EST
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Tue, 31 May 2016
Self Storage, Cash Flow, Kevin Bupp, Real Estate Investing, Syndication, Profits
Direct download: final_edited_show_114_Michael_Rodgers.mp3
Category: general
-- posted at: 12:13pm EST
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Thu, 26 May 2016
This week's Cash Flow Friday tip is regarding finding a sponsor for your commercial real estate deal. If you’re brand new to the business and don’t have a track record of owning larger commercial properties then it’s quite common that in order for you to qualify for financing, you’ll need to bring an experienced partner onto the team, one who has a strong track record in the asset type you’re looking to acquire as well as a healthy financial statement; and this person would be referred to as a sponsor. I’ll be sharing with you a few relatively simple methods you can use to secure a sponsor for your deal. Recommended Resources: - 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
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Direct download: final_edited_show_41_CFFT.mp3
Category: general
-- posted at: 10:10pm EST
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Fri, 13 May 2016
This week I'm going to share with you a case-study from a fellow podcast listener who after setting a goal to purchase his first apartment complex within 6 months was able to successfully close on a 38 unit property in Kansas City. He achieved this by following a simple process of making just one cold call per day to different property owners within his target markets who owned buildings within the size parameters he wanted to acquire. Tune in to hear the exact system he used. Recommended Resources:
Direct download: final20edited20show20234020CFFT.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 9 May 2016
Our guest for this week’s show is Commercial Real Estate and Parking Lot Expert, John Roy. In today’s discussion with John, we’re going to discuss the little known niche of parking lot investing. John is one of the foremost experts in the industry and spends time on both the investment side by personally owning parking lots as well as running a full service brokerage that solely specializes on parking lot sales. My time spent with John was very enlightening, as I knew little to nothing about the parking business prior to our call together. If you’re like me, then you’re always open to learning about new investment methods that can provide you diversification and long-term cash flow and wealth creation. Well, you’re in luck because that’s exactly what you’re going to learn about in today's show. In this show with John you’re going to learn: - How John got his start in the parking lot business and how purchasing a few dilapidated homes near the Notre Dame football stadium has spawned into a full blown multi-million dollar business for him.
- What the air rights of a property are and why these can typically be much more valuable than keeping the parking lot as an ordinary income property.
- The step-by-step process of getting into parking lot investments.
- Why parking lots make for low maintenance investments in comparison to other commercial investments like apartments, office, retail, etc.
- The value-add components to look for when seeking out a parking lot investment.
- How to properly underwrite a parking lot investment when there are no financials available which is a quite common scenario when dealing with small-scale parking lot owners/operators.
- How automation is changing the parking lot industry and how these changes are having a positive impact on the industry as a whole.
- What type of financing is available on parking lots and how to obtain bank financing even when you’re buying a parking lot that doesn’t have accurate financial statements available.
- How to utilize out-of-the-box strategies to find opportunities, even in today’s competitive environment.
- And much more
Recommended Resources
Direct download: John_Roy_Final_edited_show_-_112.mp3
Category: general
-- posted at: 2:31pm EST
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Mon, 2 May 2016
Our guest for this week’sshowisCommercial Real Estate Developer andInvestor,DickAnagnost. In today’s discussionwithDick,we’re going to discuss how he’s gone fromLimousineowner/operatorto being the president and CEO of a highlysuccessfulfull servicecommercial real estate firm located inManchester, NH.Dick hasbecome an expert at re-positioning oldrundown historicbuildingsand re-purposing them for uses that meetthe needs oftoday’sbusinesses and consumers. Dick’s progressivevisionandunconventional thinking was the main driving force,whichbroughtdowntown Manchester back to its formerglory. My time spent with Dickwasbothinspiring and motivating as it shows that hard andworkandperseverance truly does win at the end of the day. Anditdoesn’tmatter if you’re just starting out or are alreadyanexperiencedreal estate investor, I’m positive thatyou’llthoroughly enjoy andgain a ton of value from ourdiscussiontogether. In this show with Dickyou’regoingto learn: - How Dick got his startinthelimousine business and how this business was the catalysttohisforay into the commercial real estate industry.
- How the lack of amentorcausedmany unnecessary mistakes during his start in theindustry,whichis why he strongly suggests that all newinvestors/developersfinda mentor when getting started.
- The processofunconventionalthinking and forward vision that Dick and histeamuse to identifyhistorical repositioningopportunities.
- How Dick was able topersuadethecity of Manchester to provide the necessary financingfor a fewofhis first redevelopment projects.
- How to perform afeasibilitystudyon a historical redevelopment project tounderstand theoverallviability of a potential project.
- Why being a developer isoneofthe most risky endeavors a real estate investor can embarkon,butcan also be one of the most rewarding.
- Understanding thecapitalstackthat is involved when using federal government fundsforthesehistorical repositioning.
- The reasons why Dickfeelsthatreal estate developers are a dying breed and whythisshortagerepresents an opportunity for theyoungergeneration.
- Tips and strategiesthatDickwould give a new aspiring developer who is seekinganexperiencedmentor to help guide them down this path.
- How not keeping upwithcurrenttrends and the changing needs of the consumer canoftenmeancertain death to a real estate developer.
- And much more
Recommended Resources
Direct download: Dick_Anagnost_Final_edited_show_111.mp3
Category: general
-- posted at: 10:34pm EST
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Mon, 18 April 2016
In today’s show I’m going to discuss the benefits of using seller financing when buying or selling a property, but more importantly we’re going to discuss how to successfully educate and persuade the owner of a property to consider this type of sale. If you don’t know how to effectively communicate the benefits to a seller then it’s highly unlikely that an owner will consider holding financing for you during a sale.
Recommended Resources
Direct download: epiode_110_final_edited_show.mp3
Category: general
-- posted at: 9:14am EST
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Mon, 11 April 2016
Our guest for this week’s show is Real Estate Investment and Direct Marketing Expert, Eric Stark.
Today’s discussion with Eric is an exciting one, and I say that because I wasn’t completely sure what to expect as I didn’t know too much about Eric prior to the call other than he was a very successful investor whose primary focus was residential properties, so I thought. And being that our show is primarily focused on Commercial I wasn’t sure exactly how our conversation would go, but boy am I glad we did the call together, because not only is Eric a brilliant businessman and marketer, but he also has a portfolio of multifamily and commercial properties which means he is the exact type of guest we look to bring on the show.
I personally walked away from this interview with Eric with multiple golden nuggets which we’ll be immediately implementing into our business and I’m positive you’ll find the same value as I did, and then some.
In this show with Eric you’re going to learn:
- How Eric got his start as a residential wholesaler back in 2008 during the financial crisis and how leveraged that down market to grow his real estate business at a very rapid rate.
- How he’s combatted a highly competitive marketplace by implementing an aggressive direct mail strategy, which has proven very successful in creating a steady stream of deal flow to his business.
- The reasons he recommends sending a highly personalized direct mail letter to a very small list versus a generic form letter to a massive list and how this one strategy has continued to bring incredible results for his business.
- How successfully negotiate and strike a deal with an owner who is not money motivated and whose property isn’t even for sale.
- What a “top 100 list” is and why Eric suggests every investor needs to create this list for themselves.
- The custom website tool that Eric includes on all of his mailers which offers free education to the property owners regarding the benefits of seller financing. He’ll share the url so you can check it out for yourself
- How he uses a pre-recorded message to warm up cold leads and also offer an easy way for property owners to get more information about Eric’s business without having to speak to a live person.
- The letter he sends to surrounding property owners once he’s purchased a property within the same neighborhood and how this one method alone has resulted in multiple additional acquisitions for Eric and his group.
- How Eric was able to turn a disgruntled property owner who was sick and tired of receiving his direct mail into a friendship that has brought him multiple investment opportunities, capital for deals, not to mention a mentor who had 50+ years of experience in the industry and who has become an invaluable resource to Eric and his team.
- Why Eric loves the Detroit market and the reasons he says that you should add it to your list of “cities to consider investing in”.
- The important role a mentor played in Eric’s overall success and why he feels that a good mentor is critical to your success in this business.
- The one Dr. Seuss book that Eric suggests will change your life and is one of the best business books he’s ever read.
- And much more
Recommended Resources
Direct download: Eric_Stark_Final_Episode_109.mp3
Category: general
-- posted at: 1:35pm EST
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Mon, 4 April 2016
Our guest for this week’s show is Commercial Real Estate Investment Expert, Peter Harris.
In today’s show we’re going to be speaking with Peter about how he got his start as a Commercial Real Estate investor after leaving his full-time job as an engineer and how he was able to replace his full-time income in a short 4 years. Peter’s commercial asset of choice is multi-family apartments and so we’ll dive deep into why he prefers apartments and the processes and systems he’s used to build his portfolio of cash flowing rental properties.
In this show with Peter you’re going to learn:
- How Peter transitioned from being an engineer into a full-time Real Estate investor and the reasons he chose commercial and not residential as his primary focus.
- The various creative financing methods that Peters uses when purchasing his commercial projects.
- How to determine seller motivations and how to best capitalize on them by creating win-win deal structures.
- When it makes sense to use a lease purchase agreement instead of actually purchasing the property today.
- What a WAR report is and how Peter uses this within his business.
- The process Peter goes through when seeking out a property management company for his multifamily properties.
- The one marketing method that is bringing Peter and his students a majority of his deals.
- Why arrogance has no place in the commercial real estate field and how to avoid this “all too common” trap.
- And much more
Recommended Resources
Direct download: final_edited_show_-_peter_harris_108.mp3
Category: general
-- posted at: 5:45pm EST
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Mon, 28 March 2016
Our guest for this week’s show is Commercial Real Estate Investment Expert and CEO of New York City based Mascia Development, Mark Mascia
In today’s show we’re going to be speaking with Mark about how he got his start in the Commercial Real Estate industry by working with some of the nations most reputable investment and development firms immediately following college and how in a very short number of years has parlayed that invaluable experience into running his own highly successful Investment firm.
Mark and I have a candid conversation about the lessons he’s learned along the way, including the struggles he’s encountered as he’s traveled the path to building his multi-million dollar Real Estate portfolio.
In this show with Mark you’re going to learn:
- The reasons he and his firm focus on asset types that are considered “out of the current property real estate cycle” even though it’s contrary to what the rest of the market is doing.
- Learn about the struggles that Mark and his team faced by opening their investment firm in 2008 right in the middle of one of our countries biggest financial meltdowns and how they were able to push through.
- Why Mark and his team ultimately decided to expand their reach outside of the Manhattan market and no longer limit themselves to geographical boundaries.
- What the formation of Mark’s original team at Mascia development comprised of in the beginning and how it’s changed over the years as they’ve grown.
- Learn about the Markets that Mark is actively working in today and why he and his team chose these particular markets.
- What his take is on the current real estate climate and what inning he feels we’re in with our current real estate cycle.
- The multiple different methods his firm uses to find opportunistic deals even in todays heated real estate climate.
- Why he feels that it’s best to work with banks you have a relationship with and have done deals with rather than shopping for banks solely by rate and terms.
- The reasons that Mark feels very strong about focusing on an actual business model and not a specific deal and what this means for you.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: Mark_Mascia_final_edited_show_107.mp3
Category: general
-- posted at: 1:02am EST
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Mon, 21 March 2016
Our guest for this week’s show is raw land investment expert and founder of the popular Real Estate Investment website REtipster.com, Seth Williams.
In today’s show we’re going to be speaking with Seth about his part-time investment business and how he has created multiple streams of income by buying and selling raw land. If you’ve been a loyal listener to our show for the past few years then you’ve probably heard me previously talk about this niche of raw land investing. Our company even went as far as testing this particular niche to see if it might prove to be a potential new revenue stream for our existing investment business.
I think the most existing part about this niche is the fact that someone could essentially get started and buy their first deal for as low as a few hundred bucks. I personally feel that this niche offers a great opportunity for the beginning investor who has limited money and resources to get started in a “not so competitive” niche and start making some passive income streams which they can bank roll and hopefully later parlay into bigger deals. This is also a great niche for those looking for alternative ways to create additional streams of income and some phenomenal returns.
Whether you’re a new or seasoned investor I’m positive that you’ll get a ton of value from our interview together.
In this show with Seth you’re going to learn:
- How Seth got his start as a Raw Land investor while working a full-time job.
- How he found a unique niche by marketing directly to tax delinquent land owners.
- The reasons I feel that this type of investing is a great way for new investors to get started with very little working capital and use it as a stepping stone to get into bigger commercial deals.
- The process of obtaining a tax delinquent property owner list from the county and how to properly scrub it.
- How he was able to streamline his lead generation process by utilizing a strategic recorded message and website.
- What the due diligence process looks like on a raw piece of land.
- How to properly come up with an estimated value for a vacant piece of land.
- What his direct mail process consists of when mailing to land owners.
- And much more
Recommended Resources
Direct download: final_edited_show_seth_williams_106.mp3
Category: general
-- posted at: 1:11am EST
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Tue, 15 March 2016
Our guest for this week’s show is Self-Directed IRA expert and founder of the uDirect IRA, Kaaren Hall.
Kaaren has helped hundreds of people self-direct their retirement savings. In today’s show she will explain how to use IRA dollars to fund your Real Estate deals. She'll cover the do's and don'ts and go over the process step-by-step and tell you how you can tap into the $5 Trillion pool of retirement funds that exist in the US. Kaaren is one of the top experts in this field which means you definitely don’t want to miss a second of our talk together.
Kaaren is also going to offer a free gift at the end of the show which is a free copy of her book “The self-directed IRA handbook”. And this isn’t some ebook or digital download, Kaaren will physically send you a copy in the mail, but you’ll need to listen all the way to the end in order to get the instructions on how to redeem this incredibly generous offer.
In this show with Kaaren you’re going to learn:
- How Kaaren got her start in this industry.
- How Kaaren was able to build a thriving business during the financial meltdown of 2007-2008 and how self-directed IRA’s played a critical role in Real Estate funding’s during that time period when banks weren’t lending.
- The basics of investing in real estate using your self-directed IRA as well as the pro’s and con’s on using a self-directed IRA
- How to find IRA investors to fund your next deal.
- Learn the details on what’s considered a prohibited transaction and why this is important to you.
- What a checkbook self-directed IRA is and when it makes sense to utilize this strategy.
- And much more
Recommended Resources
Direct download: final_edited_show_kaaren_hall_episode_105.mp3
Category: general
-- posted at: 9:24pm EST
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Mon, 7 March 2016
Our guest for this week’s show is Mulitfamily expert and founder of the National Apartment Investor Group, Marty Cleckler. Marty has experience is all facets of multifamily investing and currently holds positions as a commercial appraiser who specialty lies in multifamily, a licensed real estate broker who’s core focus is apartment buildings, and last but not least as an active multifamily investor who has acted as a lead sponsor on numerous multifamily syndications.
In this show with Marty you’re going to learn:
- How Marty got his start in the real estate business as an appraiser and broker before moving on to becoming an active investor.
- How he ended up with 22 partners on his first multifamily deal and why he vowed to never have that many investors involved in one single deal ever again.
- His experience with outsourcing the management of his multifamily property during a massive rehab project and why he ultimately decided to bring it back in house and do it himself until the rehab was complete and the property stabilized.
- Why it’s usually the smallest of investors that cause the biggest problems and headaches during a syndication project.
- The huge opportunity that exists from the huge flood of millennials and baby boomers as it pertains to rental housing, specifically multifamily.
- The reasons that Marty suggests that buying in in-fill type markets is a much better play than purchasing apartments in markets where there is still large amounts of room for developers to build new apartments.
- The reasons to never shop by cap rate and why it really only pertains to the exit of a property.
- Why loopnet is considered the graveyard for commercial deals.
- Why building a database of properties within your desired your market or markets and getting to know those owners is by far the best way to find the best opportunities.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_104_marty_Cleckler.mp3
Category: general
-- posted at: 12:26pm EST
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Mon, 22 February 2016
Our guest for this week’s show is Commercial Insurance Claims Adjustment expert and CEO of Insurance Claim Recovery Support, Scott Friedson. Today’s show topic isn’t a very sexy one nor is it something that we property owners like to think about, but it’s a necessary evil when being a real estate investor. I know I learned a lot from the time spent with Scott and I’m positive that you will too.
In this show with Scott you’re going to learn:
- What a public adjuster is and when there services are needed.
- When it’s the right time to engage the services of a public adjuster.
- How the public adjusters are paid and why your red flag should go up if a public adjuster firm tries to charge you upfront fees versus working on a contingency basis
- The difference between contractors and adjusters.
- Your options if you disagree with your insurance company’s claim assessment.
- Public Adjuster Interviewing tips when seeking out an adjuster.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_103_scott_friedson.mp3
Category: general
-- posted at: 12:06am EST
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Fri, 19 February 2016
I’ve been reading a book that I highly recommend all of you go and pick up and it’s called Timing the Real Estate Markets and it’s written by Craig Hall. This is an important topic because based on my personal experience and what I’m personally seeing in the market place things are getting “as we in the commercial industry like to call” frothy, which means assets are getting overpriced. Now, we all know that real estate runs in cycles and that all markets are unique, but we also know the old adage of “buy low and sell high”, right? In today’s show I’ll share with you my thoughts on where we’re at in the cycle.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: edited_show__39.mp3
Category: general
-- posted at: 3:19pm EST
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Fri, 12 February 2016
This week I'm going to share with you a strategy that will allow even brand new investors to generate an unlimited number of off-market pocket listings and have multiple brokers working hard to bring you a steady supply of leads. This is a strategy that we use in our own business and is one that can help take your business to the next level.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Direct download: final_edited_show_38.mp3
Category: general
-- posted at: 12:15am EST
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Mon, 25 January 2016
Our guest for this week’s show is the nation’s leading Direct Mail Expert, Craig Simpson. Being that marketing is a core element for any real estate investor who is looking to build and maintain a deal pipeline, direct mail is by far one of the best marketing methods around, that if executed correctly, can help you do more deals and beat out your competition. And today Craig and I discuss how to get started in successfully integrating direct mail into your business NOW!
In this show with Craig you’re going to learn:
- How Craig got started in the direct mail business and quickly became known as the leading expert within the industry.
- How to properly tailor your copy or sales message so that it properly resonates with the person receiving it.
- Why it’s critical that you track and test all of your direct mail efforts…even if you’re receiving what you feel is a strong response rate.
- The importance of having a clean list and why this simple step can save you thousands over time.
- Why a sales letter without a call to action is like a ship without a rudder which means you really need to have a strong call to action in every mail piece you send.
- When using teaser copy on the exterior of a direct mailer makes sense.
- Why you are leaving money on the table if you’re not sending at least 3 follow up mailers to the same list.
- How to get discounts on the cost of postage which can lower your postage per piece from $0.49 per stamp to as low as $0.26 per piece.
- Why the quality of your mailing list is everything and why I’d rather have a high quality 250 person list vs. a 25,000 person list.
- The importance of sending a follow up thank you letter or gift to prospects that you weren’t able to complete a deal and how this one simple act could easily turn a dead lead into a deal.
- And much more
Recommended Resources
Direct download: final_edited_show_101_craig_simpson.mp3
Category: general
-- posted at: 1:39am EST
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Mon, 18 January 2016
Being that this is our 100th episode, I’ve got a special treat for you guys today. Grant is involved in several different businesses, but today we’re going to focus on his $350 million dollar multifamily empire he’s built which throws off more than $2.5 million per year in positive cash flow.
My conversation with Grant is motivating and inspiring and will offer you boat loads of actionable advice which you can use right now in your RE business and personal life.
In this show with Grant you’re going to learn:
- How he got his start in Real Estate by purchasing a single family home which turned into both a rental property and an investment nightmare which is the exact catalyst which prompted him to start investing in multifamily and vow never to invest in another single family home again.
- Why he suggests that the last place you should get your financial advice from is your parents…especially if your parents are old and wealthy.
- The lessons he learned from being a used car salesman which helped him propel his success 10x over throughout a variety of different businesses.
- The reasons he feels strongly against retail investments like shopping centers and strip centers.
- Why he feels you need to go big or go home when it comes to multifamily investing.
- The process he’s used to acquire a portfolio worth in excess of $350 million using his own money and not relying on outside investors or raising money through syndications.
- Why he thinks that purchase price is the last consideration you should have when evaluating a real estate deal.
- The reasons he feels all new multifamily investors should be focusing on value-add deals in order to maximize your backend profits.
- The reasons he feels that the more liberal and democratic markets are typically stronger real estate markets which have higher appreciation and overall values.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
Direct download: final_edited_show_-_Grant_Cardone_100.mp3
Category: general
-- posted at: 9:38pm EST
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Fri, 15 January 2016
In this week’s cash flow Friday tip, I'm going to share with you a short segment that I recently recorded with Commercial Real Estate and crowdfunding expert, Dan Miller who is the co-founder of popular Real Estate crowdfunding site, Fundrise. Dan shares with us reasons why “we as investors” should be focused more on longer terms trends when we’re considering different markets and asset types to invest in. He explains how this methodology has proven highly successful for his company’s overall success and why this same methodology should be utilized by both new and seasoned investors.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_show_episode_37.mp3
Category: general
-- posted at: 9:15am EST
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Mon, 11 January 2016
Our guest for this week’s show is Real Estate Investor and personal development expert, Raul Villacis. In today’s show Raul shares with us the path that took him from a hugely successful Real Estate investor with a multimillion dollar 150+ employee company, to a person struggling to keep his business afloat and barely having enough money to keep the lights on in his home and to feed his family. This business and personal crisis that Raul experienced was a direct result of the 2008 financial meltdown.
Raul will share with us intimate details on how he was able to rebuild not only his business but also his personal and family life.
In this show with Raul you’re going to learn:
- How he got his start in Real Estate at the young age of 23 and within a few short years owned millions of dollars’ worth of investment real estate, a successful brokerage firm, mortgage company, and construction company.
- He’ll share with us how his business was decimated by the recession of 2008 and went from employing more than 150 people to losing everything in a matter of months, only to slip into a deep personal depression before rebuilding his path to success.
- Why he attributes most of his downfall to not paying attention to the signs that the RE market was presenting and then allowing his ego and identity to control his decisions on not to sell during the peak.
- Learn how experiencing this huge loss opened up a new door of opportunity in the distressed asset game and how he was able to capitalize on this and rebuild his business when many others were still drowning in their losses.
- Why he says you need to uncover your true identity and what your core passions are if you ever want to experience true happiness and fulfillment in your life and business.
- The system that Raul uses to reboot himself and continually perform at peak levels which he ultimately links to his success.
- How anyone can achieve whatever goal they desire if they only break it down into small, easy to reach, actionable steps and how Raul applies this to both his business and personal life.
- Why we should never ignore our gut feeling as it’s very rarely wrong.
- The reasons he feels that technology will play a key role in how the future of Real Estate plays out and why you need to keep a close ear on all the new trends so you can be first to see how it might have a positive or negative impact on your business.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_99_Raul_Villacis.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 4 January 2016
In today’s show, I’ll be sharing with you a proven exercise that has worked for me and thousands of others, which will help you more clearly define your REI road map for 2016. I suggest you treat this show as somewhat of a homework assignment and take the time to sit down and write down your answers and then revisit them a few times throughout the year to ensure you’re still on the right path. This exercise consists of one primary question and a few supporting sub-questions and can be completed in less than 30 minutes and I can promise you that these 30 minutes will be probably the most critical 30 minutes of the year for you.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: Ep_98_final_edited_show.mp3
Category: general
-- posted at: 4:00am EST
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Wed, 23 December 2015
What are your goals for 2016? What were some of your big wins for 2015? Listen in as I share with you my reflections from 2015 as well as my BIG goals for 2016!
Direct download: last_episode_2016.mp3
Category: general
-- posted at: 4:09pm EST
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Mon, 30 November 2015
This week we're going to be doing a follow-up interview with Mobile Home Park Investment expert, Mike Conlon. Mike was our fifth guest almost 2 years ago shortly after we first launched the show and I thought it would be awesome to bring him back on to get an update on his business and learn how he’s been able to acquire more than 2,000 additional mobile home park spaces since we last spoke.
If you are brand new to the show or if you know very little about mobile home park investments then I encourage you to go back and listen to episode #1 & #5 as it will act as a primer to what we discuss in today’s show.
Here's a little taste of what you'll learn from our 2nd interview with Mike:
- Details on how he’s been able to acquire an additional 2000+ pads over the past year and a half.
- How the use of technology has allowed him to expand his reach outside of NC market where he was primarily focused and now own parks in WI, IL, AL, MD.
- The reasons why he has sold more than 1,000 pads over the past year.
- Why he and his team are starting to move away from turnaround properties and are focusing more on larger stabilized parks.
- How he handles large rent increases when he purchases a park that has rents that are significantly below market rates.
- Why relationships and credibility play a major roll when it dealing with mom and pop owners.
- Why parks with private utilities don’t scare Mike away, but he prefers not to own parks with waste water treatment plants, but will purchase parks on well and septic.
- His experience with raising capital through private placements and the positive impact it’s had on the growth of his business.
- Why he doesn’t utilize a rent to own or similar program within his parks.
- How he finds quality property managers and what type of compensation he gives.
- His thoughts on where we are in the current market cycle.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Michael and his company, please visit MainStreetMillionaire.com
Direct download: final_edited_show_mike_conlon_2.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 23 November 2015
Our guest for this week’s show is Real estate investor, developer and Tax Credit Expert, Michael Zukerman. In case you’re wondering what Tax Credits are and how they play into the world of real estate development, let me give you a quick explanation. To encourage and promote the revitalization of cities and provide affordable housing by developers, the federal and state governments have created tax credit programs to incentivize investors and developers. These programs are very complex and can spell disaster to an inexperienced developer unless you know exactly how to navigate their murky waters, which is why we’ve decided to bring Michael onto the show.
Michael is a 30 plus year industry veteran and a leading authority in the complex world of tax credit programs, and is here today to help us better understand this exciting topic.
In this show with Michael you’re going to learn:
- How Michael got his start in the Real Estate industry and the numerous reasons he decided to direct most of his focus on the complex world of Tax Credits.
- Michael will share with us specific details on projects that he and his team are actively working on today in the tax credit space.
- The competitive advantage he gained by forming a partnership with someone who had an extensive background in construction management and why this is something you should also consider if you plan on venturing down the real estate development path.
- The difference between the 4% and 9% low income tax credit programs and how to determine which is the best option for your particular project.
- What a distressed census tracks is and how to locate and identify the ones that present the best opportunity for your low income tax credit development.
- The pros and cons of getting into the low income tax credit game.
- What type of qualifications potential residents must fit in order to be approved to live in one of these tax credit housing properties.
- The opportunity to purchase existing 4% tax credit properties and convert them to market rental rates after the 15 year restriction expires.
- Why he feels that there’s a correction coming in real estate sometime in the next few years and why you need to be prepared.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Michael and his company, please visit http://www.whitestonerealty.com/
Direct download: main_edited_show_93_Michael_Zuckerman.mp3
Category: general
-- posted at: 1:24am EST
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Mon, 2 November 2015
Our guest for this week’s show is commercial real estate investor and developer, Ray Alcorn. I have studied Ray’s teachings for many years and was very excited when we finally landed him as a guest on our show. Since 1980, Ray has been active in the acquisition, sale, development, financing, and equity placement of income producing properties valued at over $250,000,000. His experience covers a wide range of real estate, including retail, office, multi-family, manufactured housing, hotel and restaurant properties.
In this show with Ray you’re going to learn:
- How Ray got his start in the Real Estate business by doing various low paying jobs for his father who then owned a large mobile home retailer.
- Why he decided to leave the comfort of his family business at a young age to venture out and do his own development deals.
- The reasons why he feels that the 12 years spent on the board of his local planning commission were the years where he obtained his best real estate education.
- Why Ray says that you should never waiver from your investment criteria…no matter what.
- Why he feels that we’re on the verge of another market correction and how he plans on dealing with it.
- Ray shares with us his proven process of repositioning value-add office properties.
- What advice he would give himself if he could go back and have a conversation with himself when he was just getting started.
- Why he encourages new investors to get their feet wet by working for a professional property management company.
- And much more
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Ray and his company, please visit ParkRealty.com
Direct download: final_edited_show_92_Ray_Alcorn.mp3
Category: general
-- posted at: 8:45pm EST
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Fri, 30 October 2015
For this week’s cash flow Friday tip I'm going to share with you a short segment that I recently recorded with Real Estate Investment expert, Brian Burke. Brian will be sharing creative out-of-the-box strategies and ideas on how to find investors and capital for your real estate deals. Each and every one of these methods are tried and true and have been used in helping Brian complete more than $200 million dollars of Real Estate Investment transactions.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_36_brian_burke.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 16 October 2015
This week I'm going to share with you two critically important clauses that you should be using in all of your purchase agreements. It’s very common that if you’re using a standard commercial contract from a broker that neither one of these clauses will be included and they absolutely should be. Below are the actual clauses so that you can easily cut/paste them and add them to your next contract.
Clause #1:
The PURCHASER'S Due Diligence time frame will be for a period of 60 days and will commence when PURCHASER receives all requested Due Diligence from seller as outlined on the Due Diligence request form. After all documents and materials have been delivered to PURCHASER, PURCHASER may cancel this Agreement for any reason, at the sole discretion of PURCHASER, within sixty (60) days after receiving all documents and materials from SELLER. In the event that PURCHASER elects to cancel this Agreement during the initial 60 day inspection period this paragraph shall serve as authority to the Escrow Agent from the SELLER to act upon the “single order” of PURCHASER to distribute the Earnest money to PURCHASER. Additionally, this paragraph shall serve as the SELLER’S release of the Escrow Agent from liability for disbursing the Earnest money to PURCHASER,
Clause #2:
PURCHASER to have a period of 30 days following above Due Diligence period to secure financing at terms acceptable to PURCHASER. PURCHASER may cancel this Agreement during this Thirty (30) day period in the event that PURCHASER does not obtain a loan approval for the purchase of the Real Estate and Personal Property that is satisfactory to PURCHASER. An automatic extension of 30 days shall be granted to PURCHASER for loan approval and funding provided LENDER provides a letter showing the loan approval and funding process is moving forward and additional time is needed to finalize the loan and funding process.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_35.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 12 October 2015
Our guest for this week’s show is Real Estate redevelopment expert, Jay Several. Jay has a very interesting story because his real estate investment career started off as more of a hobby which he dabbled in in his spare time while running his software consulting company.
The exciting part about Jay’s journey is that not only did he start investing full-time just a short 10 years ago, but he started just before the biggest real estate crash in history was about to happen. And if that wasn’t already challenging enough, the projects that he was acquiring weren’t simple deals like stabilized apartment buildings or fully leased NNN shopping center deals. No, he started off by redeveloping vacant buildings and repurposing them for entirely different uses. This, my friends, is not a business for the faint of heart or for the beginner investor. Listen in to hear how Jay makes the magic happen
In this show with Jay you’re going to learn:
- How jay got involved in Real Estate after selling his software consulting firm
- Why he decided to take the path of redeveloping infill properties instead of purchasing already occupied and cash flowing investments.
- How he was able to profit $1 million on his first deal and how he’s been able to duplicate this success over and over again.
- What qualities he looks for when determining whether or not a property makes for a good redevelopment opportunity.
- Why he never gives exclusive listings to commercial brokers.
- The process he takes to proactively seek out tenants to fill his centers before he’s even finished with the project.
- Why he feels that everything you own should be for sale….at the right price.
- The reasons he prefers the retail sector due to its ease of management.
- The $250,000 mistake he made and how he overcame it and became a smarter investor because of it.
- Why he feels that persistence is one of the most important qualities needed in becoming a successful real estate investor.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Jay and his company, please visit http://www.severalpropertiesgroup.com/
Direct download: final_edited_show_90-jay_several.mp3
Category: general
-- posted at: 11:43am EST
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Fri, 9 October 2015
This week I'm going to discuss something that was just brought to my attention yesterday by one of my business partners and I was totally amazed that this type of service existed, let alone that it was being advertised blatantly on craigslist. Landlords BEWARE! Listen in to this week’s show so that you don’t fall victim to a scam tenant.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Direct download: final_edited_show_34.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 5 October 2015
Dan Miller is Co-Founder and President of Fundrise, the first and leading real estate crowdfunding platform. The first company to successfully crowdfund real estate, Fundrise brings world-class real estate investments to institutional, high net worth and retail investors throughout the United States.
Founded in 2010 by Dan and his brother Ben Miller, Fundrise has brought real estate crowdfunding to the mainstream, allowing anyone—accredited and unaccredited—to invest in property for as little as $100 per share, and as much as $10 million, and earn favorable returns (historically 12 to 14 percent).
At Fundrise, Dan is responsible for exploring and opening up new markets and vetting real estate projects. Dan also speaks across the country as one of the leading authorities on real estate crowdfunding.
In this show with gene you’re going to learn:
- What crowdfunding is and how it’s changing the real estate investment landscape as we currently know it by making investments available to the mainstream public.
- How the JOBS act has changed the securities and investment laws that hadn’t been changed since the early 1930’s and what these mean for smaller investors.
- The benefits that Fundrise provides both accredited and non-accredited investors who have an interest in participating in premium grade investments.
- The step by step process that Fundrise goes through to vet their property offerings.
- What separates Fundrise from all of the other crowdfunding sites out in the marketplace.
- Why Fundrise funds all of their own projects with their own money prior to making these properties available to members of their website.
- What advice Dan would give to someone who was attempting to raise capital for the first time.
- What signs Dan looks for when trying to identify emerging real estate markets and why he refers to it as an art form, but one that can be learned.
- What he would have changed if he could go back in time knowing what he knows now.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Dan and his company, please visit Fundrise.com
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Mon, 28 September 2015
Our guest for this week’s show is Real Estate Attorney and securities & syndication expert, Gene Trowbridge. In today's show we're going to speak with Gene about his experience as a real estate syndicator and how that led him into becoming a real estate and securities attorney who specializes in working with real estate investors like you and I who are looking to raise private capital to fund out deals.
In this show with gene you’re going to learn:
- How he got his start in the business by first being a real estate syndicator that specialized in developing self-storage properties before deciding to venture off to law school at the age of 45.
- How the JOBS act has made it less restrictive for syndicators to advertise and raise money for their deals.
- Learn the 4 steps of the sales process for selling your investment offering to a prospective investor.
- What you need to know before structuring your first syndication to ensure you are setting yourself up for success.
- Why it’s absolutely critical to build some experience in the particular asset class you want to invest in prior to raising private capital from investors.
- How teaming or partnering with an experienced investor is a great way for first time syndicators to get their first deal done.
- Why it always makes sense to have at least 1 partner in your syndication, even if you don’t feel you necessarily need a partner.
- Learn the difference between a syndication and a JV partnership and why it’s critical to know which one is best suited for your particular structure.
- Why you as the sponsor of the syndication should be prepared to have some of your own money/skin to put into the deal.
- What kind of costs and expenses you can expect when forming your syndication.
- What crowdfunding really is and how this term is commonly misused and widely misunderstood.
- And much more...
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Gene and his company, please visit SyndicationLawyers.com
Direct download: final_edited_show_-_gene_trownbridge.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 18 September 2015
This week I'm going to share a tip with you that I learned from reading Joe Stampone's "A student of the real estate game" recent blog post where he discusses how those who are looking to break into the real estate business, more specifically as the role of a syndicator, can obtain a free education from those who are already successful syndicators.
Listen in to learn more...
Recommended Resources:
Direct download: final_edited_show_33.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 11 September 2015
Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value and help take your real estate business to the next level.
This week I'd like to cover a mistake that I see real estate investors make all too often when running their financial projections or pro-forma's on a new potential acquisition and how it can be the difference between a good deal or a bad one.
Listen in as this is one show you won't want to miss.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_32.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 7 September 2015
Our guest for this week’s show is Asset protection specialist, active real estate investor, and real estate attorney, Clint Coons. In today's show we're going to speak with Clint about how we, the real estate investor, can best protect our real estate investments.
I’ve received multiple emails over the past few months from listeners who had questions regarding asset protection and I thought that the best way to cover the topic would be by bringing an expert on the show.
In this show you’re going to learn:
- How Clint got his start as both a Real Estate Attorney and active real Estate investor
- Why you should never take title to an investment property in your own name…ever!
- Why having the appropriate insurance coverage on your properties doesn’t mean that your assets are properly protected.
- Why obtaining a loan for a real estate deal from the bank that you keep most of your money with is a big no-no and what you need to do to protect yourself.
- Why an LLC is the preferred entity structure when forming a JV partnership.
- What a series LLC is and when it makes sense to use it.
- Why you should never allow your CPA to setup your entity structure
- Why it’s best to create the entity for your holding company in Wyoming or Nevada, no matter where you live or invest
- The right questions to ask in order to find the right real estate attorney and asset protection specialist for your unique needs.
- The reason you should never setup your LLC as member managed.
- Why you need to start on your asset protection plan now, even if you don’t yet own any properties.
- And much more...
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Clint and his company, please visit https://clintcoons.wordpress.com/
Direct download: Final_edited_show_86-clint_coons.mp3
Category: general
-- posted at: 8:34pm EST
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Mon, 31 August 2015
This week we're going to speaking with long time mobile home investor , John Fedro.
I wanted to bring John onto the show because as you are probably already aware (if you’re a regular listener to the show) is that my asset of choice are mobile home parks. And if you know anything about the mobile home park business, then you know that a big component of increasing the value of your park is by purchasing used mobile homes and placing them on any vacant pads within your park and then either renting them out or selling them on terms to an end user.
Well, guess what John is an expert at? He has made a living by finding great deals on used mobile homes which he then rents or sells to create passive income. What you’ll learn in today’s show can be applied to both investing in individual mobile homes or investing in entire mobile home parks.
Here’s a few things you’ll learn in our interview with John today:
- How he accidentally stumbled into mobile home investing.
- How he finds massively discounted mobile homes for sale, in fact, the average price he pays is $6,000
- How he was able to go from a 100% buyer default rate when selling on terms and was able to get that down to less than a 5% default rate.
- How he is able to net a minimum of $300 per month of cash flow on a single mobile home and can usually recoup 100% of his original investment in 6 months or less.
- How you can become a huge asset to a mobile home park owner by buying homes and moving them into their park or purchasing existing homes within the park.
- Why it took him so long to transition over to investing in Mobile Homes to entire Mobile Home Parks and why he wishes he would have made the switch sooner.
- How he creatively bought into a partnership in an existing mobile home park and is now in the turnaround process and is already eyeing up his second park
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Spencer and his company, please visit www.MobileHomeInvesting.net
Direct download: final_edited_show_-_john_fedron_85.mp3
Category: general
-- posted at: 10:59am EST
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Fri, 28 August 2015
This week I'm going to tell you about a Mobile Home Park that we're currently in contract on and the important details we uncovered during our due diligence by speaking with a few of the key city employees and why it's important that you never skip this step.
As we do with every property we plan on purchasing, we scheduled a phone or in-person meeting with the key representatives in the town or city where this property is located and these people include: code enforcement, admin to the mayor, zoning, and the chief of police. It's amazing the things that you can uncover when you approach these individuals as a prospective new buyer for a property that's within their jurisdiction, especially if the property is one that they perceive as an eye sore to the community or a waste of valuable community resources.
Well, let's get straight to the point, I'm going to tell you the two things we uncovered on a property we are in contract with that will have a drastic impact on our future plans.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_episode_31.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 24 August 2015
This week we're going to speaking with multifamily investment expert, Spencer Cullor who is the director of acquisitions for ApartmentVestors, an investment firm specializing in the acquisition and management of value-add multifamily apartments in various markets throughout mid-west
During our time together, Spencer shares with us his path to success through multifamily investing and provides intimate details about the lessons he’s learned along the way from the school of hard knocks.
Here’s a few things you’ll learn in our interview with Spencer today:
- How he went from working in the corporate world as an employee to being a homebuilder and then transitioning to commercial real estate.
- What he disliked about the homebuilding business and the specific reasons that he was ready to make a jump out of this business and into investing in commercial real estate.
- What hard lessons he learned on his first commercial acquisition which was a retail shopping center that he purchased near the peak of the market.
- Details on his first multifamily acquisition which was a 40 unit apartment building that was a property with deferred maintenance and less than stellar management and how he’s been able to achieve more than a million of equity in this one deal alone.
- How he dealt with an occupancy drop from 85% to 65% on this first apartment acquisition and what he did to turn it around.
- The challenges he’s experienced with property management companies which is the reason he created his own management company.
- How he used a direct mail campaign to find his first deal and continues to use direct mail today to successfully find deals.
- Why you shouldn’t pay for upside potential on a property.
- Why Spencer doesn’t suggest that you start with a property larger than what you’re comfortable with for your first acquisition. If this number is 30 units then don’t go looking at 100 unit buildings.
- Why Spencer suggests that every investor has a mentor to guide them and how to go about finding them.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Spencer and his company, please visit www.ApartmentVestors.com
Direct download: final_show_83_-_spencer_cullor.mp3
Category: general
-- posted at: 9:34am EST
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Mon, 17 August 2015
This week we're going to speaking with Leslie Himmel of Himmel and Meringoff which is a commercial investment firm based in Manhattan. Leslie is a as big as they come as she was recently recognized as the highest ranking female landlord in New York's commercial real estate market, which is quite an impressive feat.
Honestly, I can't even fathom the sheer magnitude of the portfolio that Leslie has built, which consists of more than 2 million square feet of Manhattan commercial real estate with an estimated value of over $500 million. Listen in as she shares how she’s built such a successful empire.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Jeremy and his company, please visit www.HMprop.com
Direct download: final_edited_show-leslie_himmel_83.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 14 August 2015
Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value and help take your real estate business to the next level.
This week I'm going to discuss a deal we're currently working on and why we're willing to over pay for it. There aren't many times when it makes sense to overpay for a property, but this one is the exception to the rule.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_-_30.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 10 August 2015
This week we're going to be doing a follow-up interview with Commercial Real Estate Investment Expert and CCIM instructor, Jeremy Cyrier. Jeremy was one of our very first guest way back when we first started this show and I thought it would be awesome to bring him back on to get an update on his business and also cover a topic which I felt was very timely give our current market conditions. Jeremy is going to share with us the step-by-step process of identifying the most promising real estate markets to invest in in order to find one that best meets your specific investment objectives.
Now remember, Jeremy is a CCIM instructor and a very successful broker and investor so what he’ll be teaching us today is the same curriculum that he teaches other elite industry players as well as practices himself within his own business. Today’s topic is one of those skills that we as an investor need to master if we want to truly succeed and thrive in this business.
Here’s a few things you’ll learn in our interview with Jeremy today:
- Why he's transitioning out of his multi-family investments and into the suburban office class.
- How to use free online tools that Jeremy shares with us to uncover strong US markets that might be ripe to invest in and also those that might be a little to overheated which means you should stay away
- The effects of urbanization and the opportunities it might present with income properties which are located in the suburban markets.
- What the difference of a financial driven and market driven property search is and which you should be using
- The step by step process that Jeremy uses to identify potential markets to invest in - this is the same process that is taught through the CCIM curriculum.
- How to use the free report offered by IRR.com to identify specific market data to assist you in choosing the right markets to invest in.
- How to identify what part of the market cycle your target real estate market is in.
- And much more
Resources from Show:
- Dividend Capital: http://www.dividendcapital.com/
- Integra Realty Resources: http://www.IRR.com
- National Council of Real Estate Fiduciaries: http://www.ncreif.org/
- http://www.reit.com/
- Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/
- Shift Share Employment Analysis: http://www.georgiastats.uga.edu/sshare1.html
- Site to Do Business: http://www.STDB.com
- U.S. Bureau of Labor Statistics: http://www.bls.gov/
- U.S. BLS Location Quotient Form: http://data.bls.gov/location_quotient/ControllerServlet;jsessionid=1B23C3E004705633FAF5D7FE8B00D6EC.tc_instance3
- The Conference Board: http://www.conference-board.org/
- Calculated Risk: http://www.calculatedriskblog.com/
- Commercial brokerage market reports: http://www.CBRE.com, etc.
- CoStar: http://www.CoStar.com
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Jeremy and his company, please visit www.CREinvested.com
Direct download: final_episode_edited_-_jeremy_Cyrier2.mp3
Category: general
-- posted at: 4:13pm EST
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Fri, 7 August 2015
This week's show I'm going to share with you 2 different strategies that we've used multiple times over the years in both apartment buildings as well as mobile home parks to help defer any undesirable tenants or guests from the property.
Very often the properties we purchase have existing management challenges and along with these management challenges often come trouble tenants and their guests who weren't properly screened before moving in. Well, when we purchase the property, these troubled tenants and their guests now become our problem as the new owner.
Listen in to see how to get rid of these bad apples.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_29.mp3
Category: general
-- posted at: 9:54am EST
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Fri, 31 July 2015
This week's show I'm going to share with you a short segment that I recently recorded with financial modeling expert and founder of REFM, Bruce Kirsch. Bruce will offer a few quick tips on how to effectively analyze and underwrite deals to help us avoid any potential mistakes which could affect the final output that you end up with in your evaluation.
This is such a basic topic, but one that is so vitally important because making just one small input mistake in your financial evaluation can be the difference between a good deal and a bad one. There have been many times where I've run a property through my financial modeling software only to have the results seem much better than I originally anticipated, and in almost all circumstances, it was due to an input error on my behalf.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show-28_Bruce_Kirsch.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 27 July 2015
This week we're going to be speaking industry expert, Ann Hambly, who is the founder and CEO of 1st Service Solutions , a national service provider and consultancy firm to the commercial real estate industry who provide advice and solutions for anything ranging from the addition or removal of collateral on an existing CMBS loan, to the most complex loan restructure for all loan types.
And for those of you who might not know what a CMBS loan is here's a quick definition. A CMBS loan, also known as a commercial mortgage-backed security, is a type of fixed-income security that is collateralized by commercial real estate loans. Typically these loans are for commercial properties such as office buildings, hotels, malls, apartment buildings, factories, etc., but not single-family homes. CMBS make up about 2% of the total U.S. fixed income market.
In essence, CMBS are created when a bank takes a group of loans on its books, bundles them together, and sells them in securitized form as a series of bonds. Each series will typically be organized in "tranches" from the senior - or highest-rated, lowest-risk issue - to the highest-risk, lowest-rated issue. The senior issue is first in line to receive principal and interest payments, while the most junior issues will be the first to take a loss if a borrower defaults. Investors choose which issue they invest in based on their desired yield and capacity for risk.
Today we're going to speak about how Ann's company can help investors navigate the tricky and often times complex CMBS loan process as well as discuss some of the opportunities that might exist from maturing CMBS loans that were created back during the 2005-2008 real estate run-up and how her company can help you capitalize on some of these "soon-to-be" distressed opportunities.
Here’s a few things you’ll learn in our interview with Ann today:
- What a CMBS loan is
- What role 1st service solutions plays in the CMBS market and the services they provide to real estate investors
- How Ann was able to grow her company during one of the worst real estate markets in history which was 2008
- The opportunity that exists with the $100+ billion of maturing CMBS loans and how you can go about uncovering those that might be distressed
- What defeasance means when it comes to CMBS loans
- The benefits of a CMBS loan and how they typically offer much more attractive terms than conventional commercial loans which can include longer amortization, lower rates, non-recourse vs. recourse bank loans, and 10 year balloons instead of 5 or 7 that you have with commercial loans.
- The number one marketing strategy which she feels is responsible for the great success her company has experienced and how you can apply this same strategy to your real estate business.
- How to get a free 1 hour phone consultation with Ann.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about today's guest by http://www.1stsss.com
Direct download: final_show_edited_-_ann_hambly_80.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 17 July 2015
This week's show is going to be a little different as I'm going to share with you a short segment that I recently recorded with Rich Dad Advisor and CPA, Tom Wheelwright. Tom will be sharing details on how we can maximize our deductions for the repairs that we perform on our rental properties.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_epidose_27_with_Tom_Wheelwright.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 13 July 2015
This week we're going to speaking with real estate expert, Phyllis Rockower. Now, Phyllis doesn't have an extensive background in multifamily or commercial real estate investing like most of our guests do, but what she does have is a ton of experience in starting up her own investment clubs, which is what we're going to be discussing in this week's show.
You see, there are hundreds, if not thousands of real estate investment clubs throughout the US, but the large majority of them are groups who tend to focus on single family investments which isn't going to benefit you if you are a multifamily or commercial real estate investor. Phyllis is going to discuss how she has successfully built two real estate investment clubs that collectively have over 1000 members and how you can do the same.
Here’s a few things you’ll learn in our interview with Phyllis today:
- The benefit of surrounding yourself around like minded investors who have an interest in the same type of real estate that you do.
- How to leverage the existing REIA clubs in your area to market your new Multi-Family or commercial investment club to.
- Why she feels that creating a club solely for the intent of making a profit is the wrong idea.
- Why using meetup.com is the single best way to get your group launched and know by the masses.
- Why she suggests that you keep your group small, similar to a mastermind format
- How you might be able to leverage an existing clubs audience by creating a separate sub-group within the existing organization.
- How a group format can help you significantly increase your buying power by means of partnering
- Why you don't need to be a multifamily or commercial expert or have a track record to start your own club
- How to quickly grow your club by sending a targeted direct mail campaign to other local multifamily owners
- Why you shouldn't waste the time or energy on building a website or business plan prior to launching your group.
- Why you should create a legal waiver and have all members sign it releasing you as the organizer from liability.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
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Fri, 10 July 2015
In this week's cashflow Friday tip I want to cover a topic that I think all of us can relate to; and it doesn't matter whether you're new or a seasoned investor who has done hundreds or thousands of deals because we've all experienced a point in time where we felt like we had failed at reaching our goal as an investor or maybe it was a time when we were in a rut and couldn't see the light of day.
Today's show is a result of a recent article that I read which was written by Multi-Family investor, Chris Urso and in this article Chris describes the 3 most common ways that investors get stuck and how to get unstuck and keep moving forward toward success.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_26.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 3 July 2015
This week's cash flow Friday tip is a slightly different format than our other Friday shows in that it's not really a tip but a recap from my recent trip to Iowa where I was performing due diligence on a park we have under contract. This will be helpful for not only those who are interested in buying mobile home parks, but also for anyone who is looking for purchase an income property. At the end of the day, your job is to try and match up all of the pieces of the puzzle and identify the ones that don't fit and then determine why. In other words, create the factual story of how the property is really performing, not how the owner told you it was performing.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_show_edited_25.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 29 June 2015
This week we're going to be doing a follow-up interview with Mobile Home Park Investment Guru, Frank Rolfe. Frank was our very first guest way back in January of 2014 when we first launched the show and I thought it would be awesome to bring him back on to get an update on his business and also dive into a little more detailed discussion about mobile home park investments.
If you are brand new to the show or if you know very little about mobile home park investments, then I encourage you to go back and listen to episode #1with Frank as it will act as a primer to today's more advanced show.
Here’s a few things you’ll learn in our interview with Frank today:
- An update on his business and how he's been able to amass more than 17,000 pads through 22 different states
- What he likes and dislikes about buying properties from sites like Auction.com
- Why he prefers city provided water/sewer and what you need to consider if you are looking at a park that has private utilities.
- Why some banks don't like private utilities and what you need to know when shopping for financing.
- The reason why Frank prefers using a loan broker for financing rather than going direct to the lenders himself.
- The method that Frank uses to quickly evaluate a park to determine if it's a worth pursuing or if it gets sent to the trashcan.
- Why he prefers parks that have a mixture of both older homes and newer, modern homes.
- Why super Wal-Mart is a quick gauge that Frank uses to determine the strength of a small town
- Why strong single family homes prices are demand drivers for mobile home parks
- What things to look out for during your due diligence on the infrastructure on a park
- How Clayton homes CASH program is revolutionizing the industry
- How banks feel about park owned homes and how to properly evaluate them
- How to properly find and hire a quality property manager for your park
- The rule of thumb when raising rents in a mobile home park and things to consider.
- Franks thoughts on investing in Michigan and what he likes about this state.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Mark and his company, please visit www.MobileHomesUniversity.com
Direct download: Final_Edited_Show_76_-_Frank_Rolfe.mp3
Category: general
-- posted at: 8:09pm EST
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Fri, 26 June 2015
In this week's Cash Flow Friday tip I'd like to discuss a recent dilemma I faced with the "one" property I self manage and how it added an obscene amount of stress during my recent 2 week family vacation to Europe and why it's prompted me to sell this property asap.
The takeaway lesson behind this recent personal story is why you need to focus on being an investor and never take on the role of being a landlord if your goal is to build a scalable real estate empire. Learn from my mistakes and be the smarter investor!
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_24.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 22 June 2015
In this week's show we'll be speaking with MultiFamily industry expert, John Wilhoit. John is President of Wilhoit Investment Network, LLC, an owner and asset manager of apartments, condominiums and town homes. John's career has focused on high volume, large-scale multifamily communities including market rate and mixed-finance developments. He has previously held positions with the U.S. Department of Housing and Urban Development (HUD), Apartment Investment Management Company (AIMCO) and the Maryland Housing fund.
John is the author of two books: How to Read a Rent Roll and Multifamily Insight Volume 1. He is a prolific writer with more than 200 articles published related to multifamily acquisitions, property management, finance, market analysis and demographics.
Multifamily Insight is John’s blog that provides his perspective on the world of multifamily acquisitions, management and investing. Multifamily Insight is consistently at the top of internet search results for topics related to multifamily apartments, property management, asset management, finance, demographics, market analysis and acquisitions.
Here’s a few things you’ll learn in our interview with John today:
- How he got his start in the business prior to becoming an owner/operator
- The opportunity he saw in transitioning from flipping single family homes to multifamily properties
- Why he prefers to purchase properties that are within a few hours driving distance of his home residence.
- The sequential steps that John takes to indentify new promising sub-markets to invest in.
- How he defines a sub-market and why this is important to understand
- The reason you need to first indentify a qualified property management company prior to acquiring a multifamily property in a new market rather than the other way around.
- Why he feels there's no such thing as a "quality" no down deal
- What he would have done differently if he could go back to year 1 of his investing career
- Wh y to never let the deal determine the market and why he feels you need to first target your markets and then seek deals within those markets.
- Why he suggests that new multifamily investors start small (under 5 units) in order to take advantage of the easy to obtain residential financing.
- The reason that you need to first determine your exit long before entering into a deal.
- Why he suggests www.MultiFamilybiz.com for all those who are serious about staying up to date on news within the industry
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Mark and his company, please visit www.MultiFamilyInsight.com
Direct download: Final_edited_show_-_John_Wilhoit.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 19 June 2015
In this week's Cash Flow Friday tip I want to talk about the offer making process when buying income properly and why it's vitally important for you to have systems and processes in place to continually follow up with sellers and property owners "After" your initial offer was declined or after you lost a property to another buyer.
Let me tell you exactly what I mean by this. You see, being that we are all human and our lives are forever changing, circumstances have a tendency to change from day to day which means that although a seller might have declined your offer on Tuesday doesn't mean that their circumstances might change on Friday which will make them a more motivated seller. Throughout my 15+ years as an investor this theory has held true time and time again which has allowed me to buy multiple properties from owners who originally declined my original offer. Most investors take the approach of "once and done" and will completely lose interest in a deal if their original offer gets declined which is the complete wrong approach to take.
So here's what I want you to take away from this week's tip. Whether you're dealing with a broker or directly with a property owner it's your duty as a savvy investor to stay in constant contact with them after your initial offer was declined and this can be through either email or phone and it's up to you to choose the one that best suits that particular relationship. And with technology setting reminders for this type of activity are super simple by using many of the free CRM software systems available on the market, your smartphone, or even the old school method of writing it down in a planner. I don't care how you track it as long as you actually do it.
I can promise that if you'll significantly increase your number of accepted offers if you use this one simple technique, plus it will win you a ton of brownie points with brokers if it's a listed property. So as soon as you finish listening to this podcast I want you to create your follow up plan or system on how you plan to stay in touch with brokers or sellers who have declined your initial offer.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_23.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 15 June 2015
This week we're going to speaking with Mark Hanf who is president of Pacific Private Money Inc., one of the fastest-growing hard money loan brokers in the San Francisco Bay Area. Founded a short time ago in 2008, Mark built his company from the ground up and to over $100 million in loan originations in just four years and has attracted more than 500 private investors to his lending practice.
Private money is a very important topic as it's somewhat the lifeblood of being a successful real estate investor. I have yet to meet a successful real estate investor who hasn't used private money in one form or another in their business. In today's show Mark shares some great pointers on how you the investor can start building your rolodex of private investors who can help you fund your next deal.
Here’s a few things you’ll learn in our interview with Mark today:
- Understanding the difference between hard money and private money because they are two completely different things.
- Why every investor needs to create a credibility package prior to pursuing capital for their deals and what to place in this package even if you don't have any real estate experience.
- The best ways to find private individuals who are ripe for becoming for private lenders
- Using meetup.com to find local real estate investment clubs to network and find potential partners and private investors
- Attending self-directed IRA events to network and make friends with the attendees who are looking to use their IRA to invest.
- Why you need to start your own meetup.com Real Estate club if there isn't one in your area that meets your needs
- Why your investors always need to get paid first, even before you get paid
- Why he feels that relationships are everything in this business and are by far your most valuable asset.
- How referrals from your existing investors play a major role in developing your private money database
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Mark and his company, please visit www.PacificPrivateMoney.com
Direct download: final_edited_show_74_mark_hanf.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 8 June 2015
This week we're going to speaking with Realty Moguls founder and CEO, Jilliene Helman. Realty Mogul was founded in 2012 with a singular objective: Make it easy for investors to invest in real estate together. With over 15,000 active accredited and institutional investors the Realty Mogul community has invested over $70 million dollars in over 240 properties and there are no signs of slowing down.
When seeking out a crowdfunding expert to bring onto the show, several people told me that Jilliene is the person that I needed to talk to. It didn't take more than a few moments on the phone together to realize that she was the person with the expertise I was looking for. She is wise beyond her years, gets straight to the point and says it like it is. If you didn't know it you would think she had been in the real estate industry for 30+ years based on her knowledge and the way she presents herself but she is only 28 years young and I'm positive that you'll be just as impressed with her as I was.
Here’s a few things you’ll learn in our interview with Jilliene today:
· How crowdfunding is changing the real estate investment landscape as we currently know it
· The benefits that Realty Mogul provides accredited investors who have an interest in participating in premium grade investment properties
· The benefits that Realty Mogul offers to Real Estate investors who have the need for capital to fund their deals
· The process Realty Mogul goes through to vet both the properties as well as the investors to achieve the best match
· How realty mogul has been able to achieve an average return of 6-10% for their passive investors.
· How they have been able to separate themselves from the other crowdfunding platforms available in the marketplace
· What the future holds for real estate crowdfunding and why you need to be paying attention
· What advice Jilliene recommends for those who are actively pursuing their first capital raise for a real estate investment.
· And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Jilliene and his company, please visit www.RealtyMogul.com
Direct download: final_edited_episode_73_Jilliene_Helman.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 5 June 2015
In this week's Cash Flow Friday tip I'm going to share with you a very recent situation I encountered with an HVAC contractor on one of our properties here in Florida and how we almost got ripped off. This is an important lesson for anyone who is a landlord or owns income property and has a property management company handling their repairs.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_episode_21.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 1 June 2015
This week we're going to speaking with multifamily investment and property management expert, Mike Sherwood. Mike began his real estate investing career in 2007 like many of us do, which was by purchasing a small multifamily property to get his feet wet. He bought this investment with the intention of living in one side and renting out the other which proved to be a very profitable approach for his first deal. This initial exposure to the world of real estate investing was all Mike needed to know confirm that he had found his calling as a real estate investor
Fast forward a few years and Mike quickly jumped with both feet into the business by starting a full service property management company, fixing and flipping properties, running a local real estate investment club, as well as building his own multifamily real estate portfolio. And get this, this was all while working a full-time job.
Here’s a few things you’ll learn in our interview with Mike today:
- How he built his multifamily portfolio and property management company while working full-time
- The challenges with financing 5+ unit multifamily deals and why starting with a 4 unit or smaller might be easier for the first-time investor
- How he found his first money partner and how this relationship has spawned into a long term business partnership
- The importance of building relationships with local banks and financing institutions
- How he's finding most deals on the MLS
- How he's dealing with a highly competitive marketplace
- What he likes about Buffalo and why he says that it's a great place for investors who like cash flow
- How forming a property management company has helped fund their real estate activities and also provides them access to off market deals
- What the overall infrastructure of his property management company looks like and how he uses technology to help hold it all together
- How he’s been able to grow his business remotely from 700 miles away
- What he would change about his real estate business if he could go back and start all over again.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Mike and his company, please visit www.CandMRental.com
Direct download: Final_edited_show_72_mike_sherwood.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 29 May 2015
In this week's Cash Flow Friday tip we're going to talk about the importance if figuring out your WHY, and what I mean by this is what are the reasons you want to be a real estate investor. This is an extremely important exercise and is one that I suggest every investor, both new and seasoned, do in order to create a roadmap for their investing career. This is an exercise which I learned from Jeremy Cyrier who was a past guest on our show and is a very successful real estate broker, trainer, and investor. I went through this exercise when I was first introduced to Jeremy and it's had a significant impact on my overall focus as a real estate investor.
For example, my WHY is the following: Spending as much time as possible with my family is priceless because none of us are guaranteed tomorrow and commercial real estate investing provides the vehicle that can generate enough passive income for my family and I to live the lifestyle that we choose and spend the maximum amount of time together traveling the world and experiencing all life has to offer. I will make this a reality by focusing solely on acquiring a significant portfolio of mobile home parks and apartment buildings which can produce a yearly passive net income stream of at least 500k. Based on my calculations this should take approximately 1000-1500 rentable units to achieve my investment goals.
So there you have it, in a nutshell that is my WHY and this is what I work towards every day. You can develop your own why by answering these following 5 questions and then forming them into one continuous statement. I suggest that once you have your WHY statement completed that you review and tweak on a regular basis and have it in plain sight for all to see. I also suggest that you share it with your family and friends and anyone else who you feel might help hold you accountable to this mission.
5 questions:
- Briefly describe what it is you want to do: For example: I want to own 4 apartment buildings in Southwest Florida totaling 500+ doors which produce in excess of 250k in passive income each year.
- Now describe how you will do it. For example: I will do this by building a relationship with every apartment broker in SW Florida and by sending direct mail to all buildings that meet my general criteria
- Describe why you want to do it. I believe that owning 500+ doors in SW Florida will afford my wife and I the luxury to quit our full-time jobs and travel the world with our 2 kids. Owning 500+ doors will also provide a much more secure retirement plan for our family and will allow us to send our kids to the colleges of their choice.
- Why do you want this for yourself? Example: Because my family is my world and I want to opportunity to spend every available minute with them and owning 500+ doors will provide me with that time.
- What are some other reasons you want this? Example: Because I believe that you should enjoy what you do and both my wife and I are unhappy in our current careers . Real estate can be our escape and can offer the enjoyable career path that we both seek.
Now after you've come up with your answers to these 5 questions now what you'll need to do is start with the #5 answer and work backwards and merge them together to form a statement or sentence. So merge #5, #4, #3, #2, #1 together and you'll end up with your why.
Please don't dismiss these type of exercises as they allow you to think through what you envision your future should be like. You can have anything you want in this life if you work hard enough for it and plan accordingly and this offers a way for you to plan for your real estate investing success. I promise that if you take the 20-30 minutes to complete this that you'll be glad you did and will have a much clearer focus. And if you need some guidance on coming up with your WHY statement just reach out to me and we can walk through it together. Go to KevinBupp.com and scroll to the bottom right corner and click the button to schedule a call with me.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_episode_20.mp3
Category: general
-- posted at: 4:00am EST
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Fri, 22 May 2015
In this week's Cash Flow Friday tip we're going to talk CAP rates and why you as an investor need not to get too hung up on this arbitrary number when looking at deals...especially value-add deals. This topic comes as a direct result of a deal our company has been pursuing now for the past few weeks and just got an accepted offer on. I'm going to provide the background of the story regarding this specific deal so you can fully understand why if you were only searching for deals based on a specific cap rate you probably would have passed on this property and you wouldn't be alone because I'm sure there are many others who passed on this deal I'm about to tell you about in today's show.
Also, I wanted to give a shout out again to Marco Santarelli from Norada Real Estate Investments for his contribution to the topic we covered in last week's cash flow Friday tip #18. If you haven't had the chance to listen to it I suggest you go and check it out, and if you're not familiar with Marco's blog be sure to go and have a look because it's chalk full of incredible information regarding real estate investing and you can check it out by going to Norada Real Estate
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_19.mp3
Category: general
-- posted at: 4:00am EST
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Mon, 18 May 2015
This week we're going to speaking with multifamily investment expert, Chris Urso. Chris is the president and founder of URS Capital Partners and has one heck of an impressive story since he went from owning zero multi-family properties in 2010 to more than 1,300 doors today, and in addition to this he has raised more than $18 million of private capital to fund his growing real estate empire.
Chris is as real as they come and I’m positive that you’ll enjoy his story and gain a ton of value from what he has to share with us today
Here’s a few things you’ll learn in our interview with Chris today:
- What it took for him to realize that single family investing was a slow way to building massive wealth as a real estate investor
- The story behind his first multifamily deal and what he learned from the experience.
- How he was able to use the residential bird dogs he already had relationships with to help him find multifamily deals
- The economic drivers he looks for in markets he invests in
- Why you need to become an absolute expert in any given market before investing in it
- Why he invests with a 1-5 year horizon in order to keep momentum going for his business
- How he was able to persuade a partner with strong financials and wall street experience to get his first large 100 unit building done
- Why he suggests using loopnet to source brokers for a particular market and asset type
- Why he also suggests to not ignore overpriced deals on loopnet and to make an offer…no matter what.
- Why he suggests to always do your due diligence and not take anyone’s word especially the brokers.
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Chris and his company, please visit www.URScapitalpartners.com
Direct download: Final_edited_show_-_Chris_Urso.mp3
Category: general
-- posted at: 12:41pm EST
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Fri, 15 May 2015
In this week's Cash Flow Friday tip we're going to talk about linear and cyclical real estate markets and how to identify each. It's vitally important to know which of these markets you're current invested in so that you can properly plan your overall investment strategy. And I want to be sure to give credit where credit is due and acknowledge Marco Santarelli from Norada Real Estate Investments because this topic we'll be speaking about today was a result of one of his recent blog articles. Marco is a incredibly astute real estate investor and is an expert at what he does. His company Norada Real Estate Investments are one the early pioneers of the turn-key investment space and have been at it for more than 13 years making them the absolute experts in this space.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_Marco_edit_18.mp3
Category: general
-- posted at: 5:00am EST
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Mon, 11 May 2015
This week we're going to speaking with real estate and investment expert, Salvatore Buscemi. The topic of discussion for today's show is regarding the wave of CMBS loan maturities that are taking place right now and will continue over the coming years and how we as investors can find opportunity in these distressed commercial assets.
To provide you a clearer picture of why this represents an exciting opportunity, these CMBS loans are typically 10 year terms which means most of these loans coming due were originated during the peak real estate markets of 2005-2008 before the financial crash of 2008 and majority of them were very high leverage loans (as high as 90% LTV) and a large quantity were interest only terms which means they're are upside down in value and would require a large amount of cash from the borrower in order to get out from underneath it.
Sal also is giving a free copy of his book "making the yield" to the first 20 listeners who go to the website and register www.MakingTheYield.com
Here’s a few things you’ll learn in our interview with Sal today:
- Why CMBS loan maturities represent a great opportunity in the coming years for investors
- What Sal and his team are doing to prepare for capitalizing on these distressed deals
- How to track down these distressed notes by going direct to the lenders
- Why he feels that CMBS loans between $2 million & $30 represent the best opportunities for the small to mid-size non-institutional investors
- The reason he is focusing on secondary and tertiary markets
- Why it's not as simple as just restructuring these loans similar to what would happen with a portfolio loan
- Why he feels the sweet spot for banks that are holding these types of distressed assets are the ones that have between $2 & $5 billion in assets and why that's the niche you need to focus on.
- The person we need to speak with at the bank in order to gain access to these distressed deals.
- Why he feels that there are many markets that are already overheated which will ultimately represent a correction sometime in the coming years and why we need to be cautious as investors
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Sal and his company, please visit http://www.DandrewMedia.com
Direct download: final_edited_show_69-salvatore_Buscemi.mp3
Category: general
-- posted at: 12:49pm EST
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Fri, 8 May 2015
In this week's Cash Flow Friday tip I'm going to share with you the 10 reasons why I think that every real estate investor should hire a professional 3rd party property management company. Now let me clarify, this applies to basically all asset types except mobile home parks and maybe self storage properties where your management is on-site and is typically employed by the property owner themselves.
If your goal is to own a large rental portfolio of income properties then you'll need to become an expert at outsourcing and delegating responsabilities and hiring a professional property management company is one of the most important
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_17.mp3
Category: general
-- posted at: 5:00am EST
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Mon, 4 May 2015
This week we're going to speaking with real estate investor, David Fontana. David started thinking about real estate at the very young age of 14, an age when most of us were more interested in riding our bikes or playing a game of catch. His young interest in real estate stemmed from a fear of his dad running out of work and not being able to provide for his family and David knew that creating a perpetual income stream through real estate could ease that fear, but his father thought otherwise. His father thought tenants were nothing more than headaches and he wanted no part of it
Fast forward a number of years and David went on to build a multi-million dollar contracting firm, has built or renovated more than 250 homes, built 100 condo units, built more than 5 million sq ft of commercial and office space and has built quite the impressive rental portfolio. To date David has 68 rental units in his portfolio with a goal to get to 300 units by 2018.
Here’s a few things you’ll learn in our interview with David today:
- What intrigued David about real estate at the age of 14
- Why he decided to make the switch from being a contractor to a long term investor
- What attracted him to Charlotte, NC and why he thinks it's the next large growth city
- How he found one of his best deals through a brokers personal website
- When hard money makes sense and when it doesn't
- How he was able to obtain owner financing on a recent 21 unit building in Charlotte
- Why he uses a multiple offers strategy when buying apartment buildings
- The risks of buying the underlying LLC that owns the asset instead of buying the real property itself.
- Why he loves condemned buildings
- Why he lives by the motto "don't be cheap" and how he attributes that to his success as an investor
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about David and his company, please visit http://www.DAGLLCUS.com
Direct download: final_show_edited_68_David_Fontana.mp3
Category: general
-- posted at: 11:32am EST
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Fri, 1 May 2015
In this week's Cash Flow Friday tip I'm going to share with you an easy method for finding individuals with Self Directed IRA's who can make ideal candidates for becoming an active investor or private lender for your next deal. Unfortunately, we can't just go and purchase a list of names and mailing addresses from a list broker for these individuals who have self directed IRA's as that would be too easy and everyone would be doing it already. What we can do though is use this little secret method that I'm going to teach you in today's show to find those who have self directed IRA's and who are already actively buying or lending on real estate using their IRA which means they already know the benefits and are essentially semi-warm leads or prospects. What does all of this mean for you? Well, this means you'll be able to directly target millions of dollars of self directed IRA funds which can act as an excellent source of capital for your RE deals.
So, in today's show, I'll break down this process for you into 4 simple steps. Enjoy!
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: main_16.mp3
Category: general
-- posted at: 3:00am EST
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Mon, 27 April 2015
This week we're going to speaking with Mark Gagner who is founder of Bridge Equity Group, a multi-faceted real estate investment firm who specializes in medium and large size multi-family & student housing investments as well as high-end residential fix & flips.
Mark just started his real estate investing career 5 short years ago in 2010 and has since completed millions of dollars of flips as well as a few larger commercial acquisitions including a 172 unit apartment building as well as a 42 bed student housing property. He's also learned the private capital game and was successful at raising a large chuck of the equity for the 172 unit apartment acquisition and this was all while still working a full-time job.
Here are a few things you’ll learn in our interview with Mark today:
- How Mark was able to build a multi-million dollar real estate investment firm all while working a full-time job
- How he is using fixing and flipping single family homes to fund his commercial real estate activities
- The positive impact that a mentor/coach had on him during the beginning of his investing career and why he feels everyone should have a coach or mentor.
- Why he feels that relationships are everything in this business
- What excites him about the multi-family and student housing space
- How he identifies emerging markets
- How to gain credibility by partnering with other successful investors
- The lessons he learned from cutting corners on a rehab
- Why he suggests rewarding those who help you in your business (contractors, brokers, birddogs, etc)
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
- Learn more about Mark and his company, please visit www.BridgeEquityGroup.com
Direct download: Final_Edited_show_Mark_Gagner.mp3
Category: general
-- posted at: 3:00am EST
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Fri, 24 April 2015
In this week's Cash Flow Friday tip I'm going to share 2 easy methods to find and screen quality handymen for your rental properties. We personally use these two strategies when looking to build our rolodex of repairmen and service workers upon purchasing a property within a new market where we have no preexisting contacts.
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Direct download: final_edited_show_15.mp3
Category: general
-- posted at: 3:00am EST
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Mon, 20 April 2015
This week we're going to speaking with Bruce Kirsch who is founder of REFM, a real estate financial modeling solutions provider who offers financial spreadsheet models, finance and financial modeling training, and financial modeling consulting for real estate transactions of all types.
REFM provides its customers with the advanced financial modeling knowledge, tools and skills they need to successfully model their real estate transactions and present them with confidence to potential partners, lenders and investors.
I’ve actually had the opportunity to go through and evaluate a few of REFM’s modeling tools and online training programs and I can personally say that the tools and trainings that Bruce and REFM offer are top notch and also very affordable in comparison to some of the other popular financial modeling software providers. And as an added bonus, REFM has a ton of free tools and resources available on their website including a free “back of the envelope” property evaluation templates to help you quickly sort out the promising deals from the duds.
In this show you’re going to learn:
- What financial modeling is and why it's such a critical part of being a successful real estate investor
- How to obtain the proper operations data for a property and make valid assumptions when building a financial model
- How financial modeling helps you create and tell the story of any given property which is vitally important when raising private capital or pitching the deal to investors
- Why you need to stay privy to all your local real estate news
- Learn about REFM's tools and resources and how they can help your real estate business
- How to download REFM's free modeling templates and other financial modeling tools
- And much more
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click herehttps://www.timetrade.com/book/FGF7S
- Learn more about REFM and Bruce by going to www.GetREFM.com
Direct download: Final_Edited_Show-Bruce_Kirsch_66.mp3
Category: general
-- posted at: 1:00am EST
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Fri, 17 April 2015
In this week's Cash Flow Friday tip I’m going to share a strategy which I learned from one of our previous guests and have since implemented into a few of my rentals and it’s proven successful.
This strategy I'll talk about today is implementing a monthly pet rental fee into your lease agreements in place of a flat fee pet deposit.
How does a 10-15% increase in monthly rental premium sound?
Recommended Resources
Direct download: Cash_Flow_Friday_Tip_14.mp3
Category: general
-- posted at: 1:00am EST
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