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Wednesday Oct 20, 2021
Wednesday Oct 20, 2021
The Arizona Real Estate Investors Association ( AZREIA) has supported the needs of real estate investors since 2002. AZREIA provides you with exceptional networking, critical services, support, education, to further success. Their membership is a community consisting of independent real estate investors who invest in single family, small multi-family, wholesalers and notes. AZREIA subgroups provide networking, information and sharing opportunities in areas like rental property, wholesaling, notes and flip & flip. Specialty Focus Groups assist member further in areas like Beginning Investors and Residential Assisted Living Investing with additional groups concentrating on specific investing methods and strategies.
In this episode, Mike explained what was their association offers, covered and how he entered into Real Estate investments.
Checkout : https://azreia.org/
What you'll learn in just 17 minutes from today's episode:
Learned that AZREIA offers educational opportunities in collaboration with outside education providers.
Gain knowledge on how to adopt changes especially in this kind of event in pandemic.
Determined that relationship is the most significant thing you can offer and by this you can gain more and more offers.
Key Takeaways:
“Relationship is the number one, that is where you gonna find local people in the business doing what you are looking to do.“
Monday Oct 18, 2021
Monday Oct 18, 2021
Joel Sangerman has made millions investing in real estate over the last 30 years. He coaches investors on how to buy ANY house from ANY seller and make it profitable. He has also created the best-performing lead generation system for real estate investors in the market today and makes that available for his private clients.
In this episode, Joel shares how he can communicate different alternatives to get the seller disposed to let go of the property and profit from it.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Learn how to ask the right questions to the seller and make them be disposed to the idea of selling their property
Find out one best way to generate motivated sellers to get you waves of leads you can imagine
Learn how to get bread and butter deals that steadily cash flows
Resources/Links:
Website: https://www.termsdaddy.com/joel-1
Topics Covered:
01:16 - How he deals with sellers and buys his properties
02:48 - Pitfalls why people fail in real estate
04:43 - The best way to generate motivated sellers
08:01 - The three dimensions with which you get motivated sellers
09:52 - A walkthrough of how he got a profit from a deal which is all done virtually
13:46 - His bread and butter deals
14:51 - When to do a sandwich lease
15:50 - Cash flowing from free and clear properties
Key Takeaways:
"We have a strategy that allows you to simply take what they're [seller] going to do, and plug them into that solution in a way that makes money for us." - Joel Sangerman
"Don't run your Facebook ads directly to a website, don't run your Facebook ads to a form, don't do it that way. The best thing to do is to send them to the messenger; you use the power of Facebook advertising, they click a button, get their name, grab their email and phone number through a bot that we set up. And then you can have an interaction with them at any time when it's more convenient for them to actually engage with your advertising." - Joel Sangerman
"I really try to get people to not think about pushing someone into a specific strategy, but listening to what the seller wants. And then you're able to show the seller your genuineness, your authenticity, your sincerity." - Joel Sangerman
Connect with Joel Sangerman:
Website: https://www.termsdaddy.com/joel-1
Email: joel@ibuyrealestate.com
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
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Thursday Oct 14, 2021
Thursday Oct 14, 2021
Willie Mandrell has been a buy & hold real estate investor out of Boston for the past 15 years. His niche is distressed three family buildings which he attempted to purchase at 60 cents on the dollar. From there, he fixes them up, rents them out, refinances shortly after, and repeats the process. He loves it.
In this episode, Willie shares how he turns undervalued and worn-out properties into sources of steady cash flows.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Learn how to knockout competition in the market
Find out tips for buying properties not from MLS or directly from sellers
Find out how you keep cash flowing from worn-out properties
Resources/Links:
Cash Flow Secrets: Real Estate, Investing & Wealth Management Principles They Failed To Teach by Willie Mandrell: https://www.amazon.com/Cash-Flow-Secrets-Management-Principles/dp/1734960906
Topics Covered:
01:38 - What his investment strategy is
04:24 - Where he finds his property deals
05:28 - Why he does not get properties from MLS or going directly to sellers
07:16 - The turnaround for his rehabbed properties
09:00 - Taking properties as vacant and what he does when there is tenancy involved
11:16 - What the cash flows look like for his properties
14:24 - How much is the rental for a three-bedroom house, and how much revenue do you get
Key Takeaways:
"I do everything I can to make sure the building is delivered vacant. And if we don't have it vacant, what we do is allot cash for keys, and cash for keys is essentially just going back to the tenant and just buying them out." - Willie Mandrell
"I want to knock out a lot of the competition. If I was just looking for cosmetic renovations, paint, and carpet as we call it, then my competition is high because most investors can do that. What I go and look for is stuff that you won't even be able to live in, like a war zone." - Willie Mandrell
"What we're doing instead of chasing the market, trying to buy rent-ready stuff, we go and buy bad windows, bad roofs leaking heating systems or bad electrical needs to be updated." - Willie Mandrell
Connect with Willie Mandrell:
YouTube: http://youtube.com/wmandrell
Instagram: http://instagram.com/wjmandrell
Facebook: http://facebook.com/wmandrell
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Oct 11, 2021
Monday Oct 11, 2021
James Knull's presence in the Real Estate Industry is truly multifaceted. As an investor, he's acquired almost 300 rental units in his portfolio and has architected several large joint ventures bringing partners together to acquire great properties. As a Realtor, he's one of Western Canada's top producing agents. As a Leader, the Mogul team has grown and expanded into multiple cities and consistently sets the industry standard for exceptional service and performance.
In this episode, James shares what benefits and advantages you can have with investing in multifamily properties. Though it is riskier with multifamily, there is an opportunity for you to 10x times your real estate business with this investment strategy.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Learn the important things to consider when transitioning from single-family homes to multifamily
Find out how a process looks like when transitioning to multifamily
Discover the advantages of investing in multifamily than in single-family homes
Resources/Links:
Attend a FREE live webinar. Click here: https://www.mogulmastermind.ca/
Topics Covered:
00:58 - Opening a branch office right in the middle of the pandemic
02:01 - The pros of having multifamily properties over single-family homes
04:11 - The journey he took to transition to multifamily
05:34 - Describing the process of getting into multifamily
06:47 - How he prepared in transitioning to multifamily
09:57 - How to 10x your real estate business
10:27 - The number of units he had when he started
11:10 - Don't pressure yourself too much on your first multifamily deal
14:16 - Underwriting from three perspectives
13:03 - The best way to approach a realtor when scaling from single-family to multifamily
16:00 - His way of raising capital and getting into joint venture partnership
Key Takeaways:
"The pros for multifamily that I like is number one, its efficiency in terms of using capital. Once you are established, comfortable, and working on a larger scale, you can get more done with less time. And that's part of the name of the game." - James Knull
"It's a totally different way to add value to the building because, in multifamily, we treat the building as a business. And so, the more viable you make the business, the more valuable that business is." - James Knull
"A big part of the jump [single family home to multifamily] is, even if it might be physically possible for you to take on a building of that size. It still might not be wise from a risk tolerance perspective and an experience perspective because you know what they say in investing; you don't want to put all of your eggs in one basket. Diversifying is a really nice way to go."- James Knull
"That whole process [getting into multifamily] I can describe in 30 seconds, but that was about a year and a half of work. So, for people who are thinking about getting into it, that's not an overnight success." - James Knull
"Don't stress out about swinging for the fences on your first deal, like, do a comfortable deal, be very successful at it, do a great job, ensure your investors are thrilled. Keep your paperwork tight, keep your record keeping solid so that when you go to deal number two, you've got something great that you can show people, and then just every good deal you do is a stepping stone into another great deal." - James Knull
"Lining partners up, planting the seeds, whatever we want to call it. If this is something you're thinking about getting into, then have the conversations early just to separate people into a couple of piles -- don't bug them, people that are maybes, and those that are definitely interested when you've got the deal. Once you have those three piles when a deal actually shows up, you've got something to work with." - James Knull
Connect with James Knull:
Website: https://www.mogulrg.com/
Facebook: https://www.facebook.com/MogulRG
Instagram: https://www.instagram.com/mogulrg/
LinkedIn: https://www.linkedin.com/in/james-knull-93864511/
Email: James@mogulrg.com
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Thursday Oct 07, 2021
Thursday Oct 07, 2021
Founder of Life Bridge Capital LLC., Whitney Sewell began his real estate investing career in 2009. Whitney's passion is working with investors, helping them secure financial security via the exceptional opportunities that multifamily syndication offers. Since founding his own firm, Life Bridge Capital, in 2017, he has acquired 900 doors and $150M in assets under management. Whitney and his wife Chelsea are on a mission to help other families through the process of adoption. They have personally endured the financial burdens that the process puts on families and have committed 50% of their profits to this goal.
In this episode, Whitney shares what syndication is, how to know if you are already doing it, what needs to be done if you want to do it legally, and the important steps to know before starting to do syndication. He also talks about getting investors on board, why you should connect to them on a personal level, and making it all about them. Ultimately, he shares his most significant reason for doing real estate investing.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out the key factors when doing syndication so you move things faster and quicker
Learn how to connect with people on a personal level to establish trust and credibility to take them to invest with you in no time
Discover about marketing tools and strategies that work every time when finding investors
Resources/Links:
Website: http://lifebridgecapital.com/
Topics Covered:
02:03 - Raising 350 million dollars in asset management in the middle of a pandemic
02:38 - Defining syndication
03:39 - When should you do the whole syndication things and how to make things legal when you unknowingly already done it
04:54 - Things you should be wary about when getting into partnerships
06:20 - Important things and steps to think about when starting to do syndication
08:53 - His biggest 'Why' for pursuing syndication
12:34 - Marketing tool he uses for getting high net worth individuals to invest with him
12:58 - One big thing about his networking style that earns him the trust and establishes his credibility
14:46 - The fortune is in the follow-up
17:09 - Sharing about the importance of delegation and building a team
Key Takeaways:
"You may already be syndicating and you don't know it. If someone is investing with you and do not have an active role in that deal, you're ultimately syndicating, and they're expecting a return." - Whitney Sewell
"If you're going to get into this space, there are so many aspects to the syndication business. Well, think about what you are good at, like what energizes you. And I would focus on that and be the best that I could possibly be. And then you find other team members that are really good at those other things. And I've seen people move much faster in this business and much better." - Whitney Sewell
"The way you network is so important. I would encourage you to really think about how you're connecting with someone and not do the shotgun approach." - Whitney Sewell
Connect with Whitney Sewell:
Website: http://lifebridgecapital.com/
Email: whitney@lifebridgecaptal.com
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Oct 05, 2021
Tuesday Oct 05, 2021
Seacoast Real Estate Investment Group, they don’t make bets. They make commitments. They strive to be your most important partner. They require unanimous enthusiasm of their group before they invest in any company. Some they go wide. They go deep. They focus to drive conviction. They don’t just seek out visionaries. They seek out values. They all win big in the long run. One of the toughest challenges startups face is going from promise to proof: of sustainably getting their great idea out to customers. One of their key strengths is real-world go-to-market expertise: an experienced, strategic, hands-on approach that separate successful, scalable companies from the rest.
In this episode, Bryan shares how important teamwork is, to make a well build business and partnership.
Check out : www.emcap.com
What you'll learn in just 9 minutes from today's episode:
To absorb the essence of working as a team to become successful.
Reflect to member’s success story on how they started and become a victorious investor.
Key Takeaways:
“The goal is to educate people and then give them a way in networking and help each other out.”- Bryan Joyce
Monday Oct 04, 2021
Monday Oct 04, 2021
Terry Hale is an active investor and CEO of a private commercial real estate firm that provides acquisitions for all commercial property types and investment opportunities. The firm executes value-add strategies through direct and joint venture investments, primarily with existing assets located throughout the U.S. Utilizing our extensive commercial real estate expertise to create value, reposition, and stabilize for long-term capital gains.
In this episode, Terry shares how he acquires property by going directly to sellers and not through MLS, specifically buying distressed properties that he adds value on and gets a good return on investment.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out how to look for properties that are recession-proof and can withstand cyclical downturns
Learn how to structure deals through seller financing with non-recourse
Discover the six key steps to success in acquiring properties that provide a good return on investment
Resources/Links:
Terry Hale Training. Click here: https://terryhaletraining.com/intro.php
Topics Covered:
00:54 - What is a commercial real estate
01:48 - Which properties does he focus on
02:19 - What makes multifamily and self-storage recession-proof properties
03:44 - How self-storage become a demand for mom-and-pop stores that shut down at this time
04:28 - Talking about what seller financing is
05:40 - Properties he got through seller financing
07:25 - How he creates value add to properties
08:26 - Why he stayed away from capitalization rate formula and started looking at cost per net rentable square feet,
08:14 - What distressed properties did he buy back in the day he was starting out
10:34 - The six key pillars to success in finding properties that provide a good ROI
11:36 - The one thing he has with brokers that made him the choice whenever they have distressed properties
Key Takeaways:
“When I go to the alternate lender who does non-recourse, it could point to higher interest. But it's great because it's non-recourse. And then it's on the loan to value. I lock it in for this price. I create value by filling vacancies, raising rents and adding profit centers and lowering my expenses. We don't have management on these, we've automated, modernized them. So, there's a fraction of the actual cost for management.” - Terry Hale
“I had to get away from competition, I had to get away from the real estate investment trusts and any wall street money dealing with a huge property. So, I found this little cookie-cutter niche, and then I started looking at ownership. If somebody owned that thing for about 20 years, then at that point in time, they're probably more than likely ready to retire. So, I started focusing on those properties.” - Terry Hale
“I reverse engineer my thinking, I started looking instead of buying retail property on a capitalization rate, I started looking at more distressed property that is not bankable.” - Terry Hale
Connect with Terry Hale:
Facebook: https://www.facebook.com/terryhaletraining
Instagram: https://www.instagram.com/terryhale_wealth.by.design/?hl=en
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Thursday Sep 30, 2021
Thursday Sep 30, 2021
Formerly an Aerospace Engineer, Ali Boone is a real estate investor, author, and lifestyle entrepreneur. She left her 9-to-5 to pursue ultimate freedom—being able to work from wherever she wants, whenever she wants. Her ultimate goal is to challenge Tim Ferriss to a lifestyle design duel someday.
In this episode, Ali Boone shares how turnkey properties have given her the lifestyle she always wanted -- as passive and as hands-off with her real estate investing business but doing really well in it.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out how the real estate business work for you even if you are hands-off in managing it
Learn about the advantages of having turnkey properties
Learn how to do due diligence with your turnkey providers, so you avoid horrible experiences
Resources/Links:
Get instant access to your FREE copy of the 'NOT Your-How-To Guide to Real Estate Investing'. Click here: https://www.hipsterinvestments.com/propertyprofits
Topics Covered:
01:32 - Taking a look at her real estate investing business
03:05 - How one thing led to another when a real estate investing opportunity landed in her inbox
05:04 - What properties did she invest in when she started compared to the deals she is having now
08:04 - What are turnkey properties
09:34 - Learn how to do proper due diligence
12:33 - What does the biggest turnkey horror stories boil down to
13:45 - Talking about the book she wrote -- what is it about and how it would help you in your real estate investing journey
Key Takeaways:
"With my properties and all my investments, I've always aimed for more passive income; I try to be as hands-off as possible. I landlord a property close to me. But even still, it's a nice property. I try not to be there all that often. And then most of my properties are out of state. I'm pretty hands-off. I have property managers." - Ali Boone
"Turnkeys are as hands-off as you can get, not completely hands-off, but it's much more passive." - Ali Boone
"When you learn how to do the due diligence, then you almost don't have to worry about the red flags. But in all fairness, because most of us don't know how to do that good level of due diligence, one of the first things is really just talking to other people and see who they have good experiences with." - Ali Boone
"I started a turnkey Facebook group for this exact reason, so more people can be talking, and turnkey providers aren't allowed in it. Because I want people to openly share what works, and what doesn't." - Ali Boone
"One good tip on due diligence, have someone with more experience tell you the list of things to check on." - Ali Boone
"You can have every how-to guide in the world handed to you, but if your mindset is off, there's no how-to guide in the world that's going to help you." - Ali Boone
Connect with Ali Boone:
Website: https://www.hipsterinvestments.com/
Facebook: https://www.facebook.com/AliBooneInvest/
Instagram: https://www.instagram.com/alibooneinvest/
Twitter: https://twitter.com/alibooneinvest
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Sep 27, 2021
Monday Sep 27, 2021
North Idaho REI team is a group of investor-savvy real estate agents. Not only do they help investors find deals, They also look for deals for themselves. They live by their own rules of buying, renovating, renting, refinancing and repeating. They buy houses, it's their business and their passion! To see investment properties you're interested in, please.
In this episode, Nick elaborated how he started his club, get inspired of his members success story and how successful his club right now.
Checkout: https://www.northidahorei.com/
What you'll learn in just 17 minutes from today's episode:
Realize that having small number of populations in a certain area is not the hindrance to succeed.
Discover the 3 benefits of being part of real investment club.
Find out what topics and strategy to discuss during the orientation process of the neophyte agents to make sure they are convinced.
Key Takeaways:
“Make sense of who you want to work with, people who are obsessed of real estate just bring up to you”- Nick Beveridge
“Even in a small town there are plenty of deals for most people and plenty of opportunities for partnership.” - Nick Beveridge
“Get inspired and get to know people the way you can actually work for your job.”- Nick Beveridge
Connect with Nick Beveridge:
Website: https://www.northidahorei.com/
Facebook: https://www.facebook.com/northidahorei/
Thursday Sep 23, 2021
Thursday Sep 23, 2021
Doug Meyers is a former mining engineer who used real estate investing to provide the income to leave his previous full-time employment. This gave him the opportunity to pursue other passions and business interests with his full attention. He has a portfolio of condos, duplexes, and triplexes across Western Canada, and is a partner in an active flipping business in Saskatchewan.
An award-winning investor and Keyspire Success Story, Doug is the host of RevNYou’s very own RevNYou with Real Estate Podcast where he interviews real estate investors in all walks of life. He is also the host of The Grow Give Expand Podcast, where he speaks with entrepreneurs and business owners, uncovering the personal practices and systems that help them live successful, meaningful lives.
In this episode, Doug shares how he left a good-paying job as a mining engineer to pursue a real estate business full time. And how he has never looked back since as he enjoys owning a portfolio of different properties and impacting other's lives, as well.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out the different investment strategies to employ to get deals one after another
Learn how he cash flows from the first properties he bought and scaled into something bigger and finally quit his day job in so short a time
Find out his two cents worth about getting good property management
Resources/Links:
Website: https://www.revnyou.com/
Topics Covered:
01:57 - How his journey in real estate went from being a hobby to one of a full-time business05:17 - How he started buying properties in places where he’d lived and worked as a mining engineer and cash flowing from them07:57 - What his second and third deals are and how he came to realize to scale up even bigger from then on10:17 - How he got deals one after another13:19 - What he says about looking for good property managers
Key Takeaways:
“And here are some things that you can do to purchase more property -- learning about joint ventures, learning about private lending and borrowing, learning how to create a deal as opposed to just going on the MLS and hoping to find something. That's what I did. We doubled the portfolio within a matter of a year. That was my goal. So, I went from three to six properties and did it in a variety of ways.” - Doug Meyers
“I'm not perfect at it by any means, but having good communication with your tenants where something's going wrong. You're very civil and how you communicate, you're very fair. And I think that alleviates a lot of the problems that are otherwise caused by being a manager from afar.” - Doug Meyers
“For me, it's been about finding people to help do the things that I can't do physically. So, it's finding tenants. Personally, I don't have a problem with the afar management of taking calls and all those kinds of things.” - Doug Meyers
“When it comes to doing a move-out inspection, or moving inspection and doing showings, that's where for me, it's about establishing a relationship with somebody who can do those activities paying them to do so, and then they come into my loop. And I think it highlights the importance of just having really good communication.” - Doug Meyers
Connect with Doug Meyers:
Website: https://www.revnyou.com/
LinkedIn: https://www.linkedin.com/in/doug-meyers
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Enjoyed the Podcast?
Please subscribe on iTunes for updates