For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

Large Group Short Term Rental Investment With Andrew Llewellyn

Andrew Llewellyn & I Discuss Large Group Short Term Rental Investment:

• The Strategic Advantage of Office- to Apartments Conversion  (00:26:50-00:28:37)
• Acquisition and Build Out Costs for the A12 Project (00:28:58-00:30:12)
• Key Market Factors for the Duplicating the Strategy (00:31:16-00:37:09)
• Future Pivot to Flex Space and Operational Strategy (00:40:04-00:46:26)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Investing in Hotels with Mike Stohler
• Profitable Short Term Rental Tips from Danielle & Culin Tate
• Get Max Cashflow from Buying Vacation Rental Property with Avery Carl
• How to Choose the Best Airbnb Real Estate Market | John Bianchi 

Social Media Links:

The REI Diamonds Show-Real Estate Investment on Apple Podcast

The REI Diamonds Show-Real Estate Investment on Spotify

The REI Diamonds Show-Real Estate Investment on YouTube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE iPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com

For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

https://reidiamonds.com/build-to-rent-development-with-natalie-cloutier

Natalie & I Discuss Build-to-Rent Development:

• BRRRR 2.0 (00:01:30-00:01:55)
• Mitigating Development Risk (00:15:18- 00:18:42)
• Tenant Vetting & Operations (00:31:38- 00:37:28)
• The Sabbatical (00:37:23- 00:24:16)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Turn Key & BRRR-Key Rentals with Ali Boone
• Multi-Family Investing in Emerging Markets with Dave Lindahl
• Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts
• Multi Family & Multi Million Dollar New Construction with Matt Skinner

Social Media Links:

The REI Diamonds Show-Real Estate Investment on Apple Podcast

The REI Diamonds Show-Real Estate Investment on Spotify

The REI Diamonds Show-Real Estate Investment on YouTube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

Flex Real Estate Development With Jonathan Tuttle

Jonathan Tuttle & I Discuss the Dynamic Market of Flex Space

• Transition from Mobile Home Parks to Flex Space (00:01:33 - 00:04:19)
• The Flex Space Business Model (00:04:19 - 00:06:02)
• Current Market Challenges (00:21:16 - 00:23:54)
• Attracting Capital and Investors (00:15:06 - 00:16:14)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Mobile Home Park Investing with Jefferson Lilly
• How to Make $300K/Year Investing in Mobile Homes with No Money Down
• Mobile Home Park Investing with Kevin Bupp
• Navigating Real Estate Investment: From Young Enthusiast to Mobile Home Parks with Mitchell England

Social Media Links:

• The REI Diamonds Show-Real Estate Investment on Apple Podcast
• The REI Diamonds Show-Real Estate Investment on Spotify
• The REI Diamonds Show-Real Estate Investment on YouTube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

InstaShow Plus Founder Al Romero on Automated Secured Showings

Al Romero & I Discuss Automated Secured Showings:

• InstaShow Plus as a Comprehensive Showing Solution (01:17-02:45)
• Advanced Identity Verification and Security (09:06-10:13)
• Audited Access and Contractor Monitoring (14:02-14:46)
• Integrated Cameras for Virtual Presence (15:03-17:17)
• Flexible Fee Structure and Landlord Adoption (26:15-27:29)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Outsourcing MOST of Your Property Management with Linda Liberatore
• Subject-to Investor Deals & Property Management with Robert Gilstrap 
• Avail the Free Property Management Platform with Laurence Jankelow 
• Capitalizing on the Consolidation Underway in Prop Management with Noel Christopher 

Social Media Links:

• The REI Diamonds Show-Real Estate Investment on Apple Podcast
• The REI Diamonds Show-Real Estate Investment on Spotify
• The REI Diamonds Show-Real Estate Investment on Youtube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now athttp://REILineOfCredit.com

For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

Self Storage Development With Ben Salzberg & Bill Kanatas 

Ben Salzberg, Bill Kanatas & I Discuss Self Storage Development:

• Merchant Builder Strategy for Self-Storage (00:05:40)
• Ben and Bill break down their merchant builder strategy where properties are developed and sold within a three to five-year window after stabilization.
• Focus on Class A Self-Storage and RV/Boat Storage (00:14:38)
• Ben and Bill share how they found huge wins by concentrating on Class A self-storage and RV/boat storage, which often involve the repositioning of closed, dark spaced or ground-up construction.
• Navigating the Entitlement Process and Building Municipal Trust (00:11:31)
• Ben and Bill discuss some valuable tips on how you can prepare for the entitlement process and the right way to build municipal trust, which are two essential components in a successful real estate transaction.
• Overcoming Chicago's Property Tax Challenges with Incentives (00:20:12)
• Ben and Bill talk about their experiences doing business in the Chicago area, particularly with how they navigate its complex tax hurdles and take advantage of all available incentives.
• Strategic Cleanup of Environmentally Challenged Sites (00:24:57)
• Ben and Bill explain the right and compliant process of cleaning up overgrown properties to restore their best state and even make the necessary improvements.

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Self Storage Development with Fernando Angelucci
• Self Storage Investing with Equity Warehouse Founder Ian Horowitz
• Self Storage Redevelopment with Scott Krone
• Transforming Big-Box Retail into Self-Storage: A Conversation with Clint Harris

Social Media Links:

• The REI Diamonds Show-Real Estate Investment on Apple Podcast
• The REI Diamonds Show-Real Estate Investment on Spotify
• The REI Diamonds Show-Real Estate Investment on YouTube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now athttp://REILineOfCredit.com

For Access to Real Estate Deals You can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

Visit the Episode Description & Transcript Here:

Commercial Real Estate Investing With Jarred Elmar Of The Geneva Group

Jarred Elmar & I Discuss Commercial Real Estate Investing:

• Transition From Residential To Commercial (00:01:21)
• Lessons From First Multifamily Deal - "Buying Right" (00:04:05)
• Luck Vs. Skill & Delusional Optimism (00:06:50)
• Focusing On Primary Markets (00:12:52)
• Impending Multifamily Opportunities (00:15:38)
• Fund Structure Vs. Individual Deal Capital Raises (00:18:03)
• Identifying The Right Timing (00:24:21)
• Information: The Most Critical Piece (00:27:20)
• Phone Book And Gym Subscriptions (00:34:05)
• A Review Of Jarred’s Numbers (00:43:06)
• Jarred’s Book Recommendations And Contact Info (00:48:04)
• Getting The Right Motivation (00:50:20)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt
• REI Diamond Interview on Commercial & Residential Real Estate Loans with Joe Scorese
• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti
• The Future of Commercial Real Estate Investing in Major Cities with James Nelson

Social Media Links:

• The REI Diamonds Show-Real Estate Investment on Apple Podcast
• The REI Diamonds Show-Real Estate Investment on Spotify
• The REI Diamonds Show-Real Estate Investment on YouTube

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com

Dan Newberry & I Discuss Investing in Commercial Real Estate:

• Transitioning to Commercial Real Estate (00:01:39)
• Danny discusses his journey from residential to commercial real estate, highlighting the gravitational pull many investors feel toward larger deals.
• The Impact of "Rich Dad Poor Dad" (00:02:24)
• He reflects on how reading Rich Dad Poor Dad at a young age sparked his interest in real estate investing.
• First Investment Experience (00:14:30)
• Danny shares his experience buying a sixplex during college and how it opened his eyes to the potential of real estate.
• Challenges of Managing Multifamily Properties (00:21:22)
• He talks about the overwhelming management intensity in multifamily properties and the cash flow challenges that often arise.
• Advantages of Triple Net Leases (00:25:40)
• Danny explains the benefits of triple net lease agreements, where tenants cover taxes, insurance, and maintenance, reducing the landlord’s responsibilities.
• Evolution of Real Estate Investing (00:27:00)
• He describes the progression from single-family homes to multifamily and finally to commercial real estate, highlighting the learning curve involved.
• Market Insights and Timing (00:42:35)
• Danny discusses how changes in the interest rate market influenced his investment strategy and decision-making processes.
• Importance of a Strong Tenant Profile (00:39:50)
• He emphasizes the significance of securing tenants with solid financials to ensure consistent cash flow.
• Focus on Smaller Commercial Spaces (00:40:23)
• He expresses his preference for small bay industrial and neighborhood shopping centers, noting their quick leasing times and lower management intensity compared to larger assets.
• Long-Term Holding Philosophy (00:46:22)
• Danny shares wisdom about the importance of holding quality assets long-term and understanding market dynamics to maximize investment returns.

Relevant Episodes: (200+ Content Packed Interviews in Total)

• From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt
• REI Diamond Interview on Commercial & Residential Real Estate Loans with Joe Scorese
• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti
• The Future of Commercial Real Estate Investing in Major Cities with James Nelson

Social Media Links:

• The REI Diamonds Show-Real Estate Investment on Apple Podcast
• The REI Diamonds Show-Real Estate Investment on Spotify
• The REI Diamonds Show-Real Estate Investment on Youtube

Seasoned real estate investor and entrepreneur Fernando Angelucci is here to break down his strategies for finding success in self storage development. Joining Daniel Breslin, he presents their three-point approach, like three legs in a stool. Fernando explains how he considers location, technology, and the current market dynamics in choosing a self storage to invest in. He also shares his experience in dealing with zoning risks and how to handle new real estate development versus retrofitted properties.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com

Fernando Angelucci & I Discuss Self Storage Development:

• Current Market Trends (00:03:21 - 00:04:22)
• Innovative Business Model (00:11:55 - 00:12:37)
• Investment in Technology (00:19:50 - 00:20:30)
• Long-Term Vision for Investment (00:36:20 - 00:37:30)
• Engaging with Municipalities (00:46:30 - 00:47:48)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Benefits of Scaling to $350 Million in Self Storage with Kris Benson
• Transforming Big-Box Retail into Self-Storage: A Conversation with Clint Harris
• Inside the Self-Storage Industry with Jacob Vanderslice of Van West Partners
• Self Storage Redevelopment with Scott Krone

Social Media Links:

The REI Diamonds Show-Real Estate Investment on Apple Podcast

The REI Diamonds Show-Real Estate Investment on Spotify

The REI Diamonds Show-Real Estate Investment on Youtube

Guest: Spencer Hilligoss is the co-founder and CEO of Madison Investing, a firm focused on helping passive investors achieve financial freedom through real estate. With a background in technology and experience in high-growth Silicon Valley companies, he leverages his expertise to navigate the investment landscape and educate new investors on rigorous due diligence and risk management.

Big Idea: Dan Breslin and Spencer Hilligoss discuss the journey of investing in real estate through limited partnerships. They emphasize the importance of due diligence, understanding the dynamics of risk management, and building long-term relationships. 

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.MadisonInvesting.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/limited-partner-syndication-investing-with-spencer-hilligoss/

Spencer Hilligoss & I Discuss Limited Partner Syndication Investing:

● Investment Framework for Evaluating Sponsors (00:02:15 - 00:04:41)

● Emotional Journey of First-Time LP Investors (00:18:56 - 00:22:46)

● Understanding Illiquidity in Real Estate Investments (00:27:29 - 00:28:44)

● Risk Management and Financial Structuring (00:45:22 - 00:47:06)

● The Significance of Building Relationships (00:52:54 - 00:53:52)

Relevant Episodes: (200+ Content Packed Interviews in Total)

● Elevating Your Life: Unraveling the Journey to Freedom and Fulfillment with Brad Chandler

● Linda Liberatore on Outsourcing MOST of Your Property Management

● Noel Christopher on Capitalizing on the Consolidation Underway in Property Management

● Why Suburban Office Buildings are a GREAT Investment with Brian Adams

Big Idea: Dan and August highlight the importance of mastering four critical decisions that influence deal-making, as optimizing these can boost revenue. It emphasizes collaboration among team members for optimal outcomes and advocates using data from past deals to inform decisions and prevent missed opportunities. Lastly, it promotes a culture of continuous improvement, encouraging team members to reflect on their choices and consider alternative approaches for greater success.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://cpicapital.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/multi-family-real-estate-investing-with-cpi-capital-cio-august-biniaz/

August & I Discuss MultiFamily Real Estate Investing with CPI Capital:

●        Mastery of Critical Decisions (Timestamp: 00:00:12)

●        Real-Time Collaboration (Timestamp: 00:05:12)

●        Data-Driven Decision-Making (Timestamp: 00:20:18)

●        Continuous Improvement Mindset (Timestamp: 00:37:45)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Multifamily Strategies for Success with Ava, CEO of CPI Capital
• Steve Budzik on High Volume & High Dollar House Flipping & Boutique Brokerage
• Family Values & Real Estate Investing with Jim Sheils, A #1 Wall Street Journal Best Seller
• Life Lessons on Prosperity with The Wealthy Gardener author John Soforic
• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden

Big Idea: In the podcast, Henry and Dan Breslin discuss the importance of underwriting deals, evaluating net operating income and cap rates, and sharing personal experiences in the market. The conversation emphasizes strategic investment approaches, market analysis, and the value of collaboration in real estate.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

Henry Eisenstein

View the episode description & transcript here:

Henry Eisenstein on Commercial Brokerage & Investing - REI Diamonds

Henry Eisenstein & I discuss commercial brokerage & investing:

●     Importance of Understanding Market Conditions (00:00 - 00:12)

●     Strategies for Underwriting Deals (02:52 - 06:00)

●     Navigating Market Challenges (14:49 - 15:12)

●     Collaboration in Real Estate Investing (15:27 - 18:50)

●     Long-Term Investment Mindset (37:30 - 38:05)

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Lane Kawaoka on Syndicating Capital for Apartment Complex Deals
• Matt Einheber on the Title Process
• REI Diamonds Show with Peter Vekselman on High Volume Investing & Retail Brokerage
• Mike Shapiro on Transforming a Southern California Real Estate Brokerage
• The iCandy Realty Fix & List Model with Steve Budzik

Big Idea: Chad discusses the evolution and significance of data centers in supporting modern technology, particularly in the context of AI advancements, and argues that their crucial role in the digital age requires innovative design and community engagement.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

HED

View the episode description & transcript here:

Data Center Development with Chad Fowler - REI Diamonds

Chad Fowler & I Discuss Data Center Development:

●        Data Center Definition and Evolution (00:11 - 00:30)

●        Power Consumption and Cooling Technologies (00:49 - 01:20)

●        Impact of AI on Data Center Design (05:45 - 06:08)

●        Community Education and Sustainable Practices (42:20 - 43:10)

Relevant Episodes: (200+ Content-Packed Interviews in Total)

●        How to Make $300K/Year Investing in Mobile Homes with No Money Down

●        How to Make $100K or More Per Deal with Tucker Merrihew

●        Unlocking Multifamily Millions: How Vlad Arakcheyev Transformed from Graphic Designer to Syndication Powerhouse

●        Chris Prefontaine on $75,000 Average Profit Per Deal

Big Idea: Shane shares his journey from home builder to successful real estate developer.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

Hampshire Capital LLC

View the episode description & transcript here:

Hampshire Capital CEO Shane Carter on Real Estate Development - REI Diamonds

Shane Carter & I Discuss Real Estate Development:

• Balancing Personal Growth and Professional Success (00:01:46)
• Real Estate Development (00:07:45)
• Strategic Insights on Market Conditions (00:30:00)
• The Impact of Kindness and Networking (00:49:09)

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Real Estate Development with Karl Krauskopf
• Navigating Real Estate Development: Insights from Brandon Cobb
• Multifamily Strategies for Success with Ava, CEO of CPI Capital
• Storage Yard Real Estate Development with Chris Long
• Life Lessons on Prosperity with The Wealthy Gardener author John Soforic
• Family Values & Real Estate Investing with Jim Sheils, A #1 Wall Street Journal Best Seller

Big Idea: Instead of selling conventionally using bank financing and real estate agents, Nick sells directly to his owner-occupant buyers and provides seller financing. These 10%+ interest-bearing notes are then sold off to investors who enjoy 30 years of payments, receiving 3.4 times their original investment.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

Sell My San Antonio House

View the episode description & transcript here:

Build a Portfolio of Seller Financing Cash Flow with Nick Disney - REI Diamonds

Nick & I Discuss Seller Financing:

• Creating a Legal Seller Financed Transaction

• Underwriting the Borrower

• How to “Refi” your note after purchase

• Long-term Cash Flow without Tenant & Repair Headaches

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Buying Mortgage Notes Generates 15% + Returns with Brian Lauchner

• Dave Van Horn on The Process of Investing in Notes

• 100+ Unit Apartment Syndication with Stephanie Walter

Big Idea: Real estate may go up in value, but it certainly comes with an expiration date. Retail & office are the 2 recent asset classes where much of the product is simply useless and worthless—as many properties have sold at land value minus demolition costs. Joe has observed that retail has been forced to evolve because of the iPhone, and now office is facing the same challenges.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

Joe Brady

View the episode description & transcript here:

“Work Shop” Author Joe Brady on the Evolution of Retail Real Estate - REI Diamonds

Joe Brady & I Discuss the Evolution of Retail Real Estate:

• How to Engage a Mentor with Cold Outreach

• Effectiveness is Superior to Productivity

• Recent Grocery-Anchored Retail Development

• Tenant Driven Development = Lower Risk Development

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Chris Prefontaine on $75,000 Average Profit Per Deal

• Benefits of Scaling to $350 Million in Self Storage with Kris Benson

• Life Lessons on Prosperity with The Wealthy Gardener author John Soforic

• Joe Mueller, REO Broker & Investor on Picking the BEST Deals for Your Portfolio

Guest: Danielle & Culin Tate went from unemployed to grossing over $1 Million annually through Short Term Rental/Airbnb Investing. Culin used his background in SEO to reverse engineer the AirBNB algorithm to rank their 10 listings on the top page.

Big Idea: Selecting the right properties for your portfolio in a tight geographic region provides the opportunity to better monopolize your chosen market.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.HostCoach.co/

View the Episode Description & Transcript Here:
https://reidiamonds.com/short-term-rental-strategy-with-danielle-culin-tate/

 Danielle & Culin Tate & I Discuss Short Term Rental Investing:
• Top Page Ranking on AirBNB
• Benefits of a highly focused Short Term Rental Portfolio
• Blue Ridge Mountains, Virginia
• The Recent Evolution of Short Term Rentals

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Aaron Lockhart on VIP Buyers
• Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams
• Probate Leads, Data, & Real Estate Deals with Bill Gross
• Russell Walker on $45K/Month Positive Cash Flow with Airbnb
• Selecting the Top Airbnb Real Estate Market with John Bianchi

Guest: Michael Tran is an associate vice president in the Colliers International Dallas-Fort Worth real estate office where he specializes in acquisitions & dispositions of industrial properties in Dallas-Fort Worth and throughout Texas. He has a background driving more than $600M in value through leasing and has closed more than 900 commercial real estate deals to date. 

Big Idea: Dallas – Fort Worth Texas industrial real estate offers strong opportunities in the Small Bay Industrial flex space asset class. This asset class seems poised for continued cap rate compression & value increases as institutional investors have begun buying in bulk.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
http://www.flexbusinessparks.com

View the Episode Description & Transcript Here:

https://reidiamonds.com/dallas-fort-worth-industrial-real-estate-development-with-michael-tran/

Michael Tran & I Discuss Dallas-Fort Worth Real Estate:
• Uncapped Income Opportunities

• Development of Small Bay Industrial

• Buying into the Upward Trend

• Lower Risk from a Broad Tenant Base

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Mike Shapiro on Transforming a Southern California Real Estate Brokerage

• Saul Z on Leveling Up in Real Estate

• Jason Buzi on Flipping Houses & Contracts in One of America’s HOTTEST Real Estate Markets-San Francisco Bay Area

• REI Diamonds Show with Michael Freedman on Verifying, Reducing, or Even Eliminating Flood Zone Designations on All Kinds of Real Estate

Guest: John Bianchi is an experienced entrepreneur specializing in analyzing Airbnb data and helping investors identify profitable short-term rental opportunities. With a background in data analysis, he transitioned from managing rental properties in Chicago to focusing on providing valuable insights and strategies for Airbnb investors. 

Big Idea: Understanding Short Term Rental Markets relies on the data. John describes how to do this on the show and even offers his 40+ course on the topic absolutely free.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.strsearch.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/selecting-the-top-airbnb-real-estate-market-with-john-bianchi/

John & I Discuss the Airbnb Real Estate Market:
• How Hurricane Helene is impacting the Short Term Rental markets.

• The risk of Oversaturation in any strong Airbnb market.

• Get Good at Data to Win in Investing

• 3 Metrics to Understand Any STR Market

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Russell Walker on $45K/Month Positive Cash Flow with Airbnb

• Scott Shatford on How to Analyze the Airbnb Vacation Rental Market

• John Matheson on How to Access Commercial Credit

• John Cohen on Real Estate Financial Planning & Large Multifamily Properties

• Life Lessons on Prosperity with The Wealthy Gardener author John Soforic

Guest: Former house flipper turned tech company founder Sean O’Toole is the CEO of Property Radar, a property public record data source for business owners and real estate investors.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.PropertyRadar.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/property-radar-founder-sean-otoole-on-investor-data/

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Matty A on Flipping 30 Houses Per Year

• Russell Walker on $45K/Month Positive Cash Flow with Airbnb

• Mark Walker on Graduating from the Rat Race to Multi-Family Investment Deals

• How to Find Off Market Real Estate Deals with Zack Boothe

Guest: Sean Katona is a commercial real estate investor with a focus on retail property located in the Phoenix, AZ real estate market. Sean has a background in tech & flipping houses before graduating to & focusing solely on commercial real estate.

Big Idea: Sean & I discuss the method of driving 7 figures in value & profit in a single deal by rapidly raising the rent roll & net income.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
http://SeanKatona.com/

https://www.SimplifiedProperties.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/flipping-commercial-real-estate-with-sean-katona/

Dan Breslin: So, Sean, let’s start with the origination story. The listeners. We’re gonna touch on commercial real estate retail mostly specifically today. But let’s talk about how you got started in the real estate business.

Sean Katona: My story began in corporate America, I think like a lot of people, you know. Go to school, get a good job. And then I found myself just kind of stagnant, bored, but had saved up maybe 50 grand, and I was like, hey? What am I gonna do with this money? I chose to invest it in real estate cause I read rich, dad, poor dad! I think, like a lot of people out there, and I think what what comes organically to most people is, oh, I’ll go buy a rental house which for me turned into an accidental flip because it was cash flow, negative. And then I made a little bit of money on that I was like, Hey, this, this could be a thing. If I did a few of these a year it almost would replace. You know my salary, and at the time I was working at Microsoft but I was enchanted by, you know, the freedom and the unlimited upside potential. I could do you know, dozens of deals a year in theory, and and be making 7 figures instead of 6, so that fascinated me.

Dan Breslin: Nice. So you were doing house flipping at the time, and you got up to a pretty good volume. I mean, how many years was that that you flipped houses before you transition to commercial, and maybe like what was the last year or 2 where it was like, hey, this thing’s a big thing before you started to wind wind it down…

Sean & I Discuss Flipping Commercial Real Estate:
• Phoenix Real Estate Market
• Big Losses in SFR, Big Profit in Retail
• Portfolio Cornerstone Properties
• How to Land a National Credit Tenant

Guest: Ian Horowitz is the co-founder of Equity Warehouse, as self storage and small bay industrial development company. Ian is also the host of the Real Estate Reserve podcast.

Big Idea: How to progress from single family house flipping and rentals to commercial real estate investing.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a $350 Credit when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.EquityWarehouse.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/equity-warehouse-founder-ian-horowitz-on-self-storage-investing/

Dan Breslin: for any of our listeners. Ian, who don’t already know about you and Equity Warehouse. Do you want to kind of give us the origination story where you started, what you were doing. And then maybe a reader’s digest of your summary and a career, and and what you’re working on now.

Ian Horowitz: Yeah, you know, we had. We had very humble beginnings. Myself and my business partner. We grew up outside of Philadelphia, and we wanted to be big city firemen, and at the time you had to live in Philadelphia you had to live there your whole career. And we said, Nope, not doing that. And we started taking tests all across the country, and me, my business partner and a few other friends. We ended up in Baltimore City. If you ever watch the wire that’s where we worked. If you watched all the riots that happened, that’s where we worked, we were in the heart of it. And the interesting thing, though, is, we got hired in 7 and 8. Well, why is that important? We all know what happens. The end of the world comes the global financial crisis. And here we are taking government jobs in exchange for security. Right? But then here we are being faced with furloughs, pensions, issues, company closures. Detroit’s going bankrupt. California pension systems are going bankrupt private industry and are going bankrupt...

Ian & I Discuss Self Storage Investing:
• Scaling from SFR to Commercial

• Flying Planes & Fighting Fire builds real estate skill set

• $10M deals take as much time as $100,000 deals

• Small Bay Industrial Development 

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Saul Z on Leveling Up in Real Estate

• Ian Walsh – Leverage Your Real Estate Business with Hard Money

• Jason Buzi on Flipping Houses & Contracts in One of America’s HOTTEST Real Estate Markets-San Francisco Bay Area

• Benefits of Scaling to $350 Million in Self Storage with Kris Benson

Guest: Jeremy Friedman is the co-founder of Stoic Equity Partners, a commercial real estate firm focused on multi-tenant industrial properties. With Stoic's portfolio nearing $100 million in assets under management and spanning over one million square feet, Jeremy shares insights from his journey transitioning from an institutional bond broker to a leading real estate investor.

Big Idea: In this episode, Jeremy delves into the advantages of investing in multi-tenant industrial properties, particularly those offering flexibility in office and warehouse space. He discusses the strategic shift from self-storage to industrial real estate, driven by supply constraints and rising demand, and how adaptive reuse projects have fueled Stoic Equity Partners' growth. Jeremy underscores the significance of value-add opportunities, demonstrating how his team has leveraged market dynamics with a focus on tenant flexibility, revolving leases, and long-term profitability. He explores the complexities of managing flex space properties, including maximizing returns for both general and limited partners, balancing investor splits, preferred returns, and fixed-rate debt, while addressing market fluctuations, interest rates, and key risk factors that investors should consider.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.stoicep.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/mastering-real-estate-success-with-stoic-equity-building-strong-relationships-winning-deals-with-jeremy-friedman/

Jeremy Friedman & I Discuss Mastering Real Estate Success with Stoic Equity:
• Launching Stoic Equity Partners (3:30): How the firm was born during the pandemic, starting with adaptive reuse of an old grocery store into a self-storage facility.

• Cash Flow and Tenant Diversity (8:10): The benefits of managing properties with multiple tenants and how this strategy enhances cash flow and lease flexibility.

• Tenant Profile (13:10): What to look for in ideal tenants, highlighting service providers like HVAC contractors, parts houses, last-mile logistics companies, and pest control firms.

• Investor Returns and Splits (21:24): Jeremy explains the cash-on-cash returns and the IRR targeted for investors. He breaks down the preferred return and the desired profit split.

• National vs. Local Tenants Risk (31:03): He examines how national tenants may close locations during economic downturns, while smaller local tenants may provide more stability, as they often prioritize survival.

Guest: Shauna the Tax Goddess, is a top-tier tax strategist with over 105 specialists under her wing, focusing on U.S. taxation. Shauna, a CPA with a Master's in Taxation, and is one of the few Certified Tax Strategists in the country. With her extensive knowledge and experience, Shauna shares invaluable insights on how real estate investors can optimize their tax strategies to keep more of their hard-earned money.

Big Idea: Shauna emphasizes the critical importance of tax efficiency in wealth accumulation, particularly for real estate investors. She explains how a specialized tax strategist, instead of a general CPA, can significantly reduce tax burdens through customized strategies tailored to an individual's unique circumstances, maximizing long-term financial gains.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://Vanguard1031x.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/shauna-the-tax-goddess-on-legally-avoiding-taxes/

Shauna & I Discuss Legally Avoiding Taxes:
• Understanding the Role of a Tax Strategist vs. a CPA (02:13): Shauna explains the difference between a standard CPA and a tax strategist, emphasizing the importance of specialized knowledge in minimizing tax burdens for real estate investors.

• Building a Comprehensive Financial Team for Real Estate Success (05:29) The discussion focuses on the need for a well-rounded financial team, including a tax strategist, CPA, bookkeeper, and other key professionals to optimize tax strategies in real estate.

 • Advanced Real Estate Tax Planning (2.0 Strategies) (11:36): Exploration of more sophisticated tax strategies beyond basic deductions, such as the integration of cost segregation and other advanced techniques for real estate investors.

• The Security Dog Deduction(12:32): Exploring how real estate investors can write off dogs as a security expense for visiting properties.

• Maximizing the Masters Exemption (14:13): Utilizing the Masters Exemption to deduct personal vacations as part of real estate operations.

• Risk Management and IRS Scrutiny (25:08): The importance of maintaining documentation and understanding the risk of IRS audits when implementing advanced tax strategies.

• Entity Structuring for Tax Savings (37:10): Shauna discusses the pros and cons of different entity structures like S Corps, C Corps, and sole proprietorships for real estate investors.

• The Power of the Augusta Rule (00:42:03): A look at how the Augusta Rule can be used to write off significant amounts through home office deductions.

Guest: Angela is a force in the personal finance industry with 25+ years of experience in helping people transform their lives by using passive investments to build generational wealth. Angela has a diverse career in banking and financial advising, owning a top 10 RE/MAX office for 5 straight years with over $2 Billion in sales and is now 100% focused on helping individuals create wealth through passive investing and lending with double-digit+ returns on their money while they continue their business life.

Big Idea: Changing your financial future begins with a decision. It is often a good idea to decide to get rich, then map out the plan for the steps to get your there.  Once you have cash, finding a safe & reliable return on that cash provides that passive income to carry you through the rest of your life with options.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.EmpowerHerMoney.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/tax-lien-investing-with-angela-duncan/

Angela & I Discuss Tax Liens:

• Tax Lien Investing for 10%+ Returns
• Breaking the Cycle of Poverty
• Reprogramming Yourself Using a Bigger Vision
• Asking Better Questions for Better Results

Relevant Episodes: (200+ Content Packed Interviews in Total)

• REI Diamonds Show with Ted Thomas on Tax Lien Investing

• Paul Sloate Forecasting the State of the Real Estate Market for 2016

• Maximizing Asset Protection and Tax Savings with Scott Royal Smith

• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden

• Inside the Self-Storage Industry with Jacob Vanderslice of Van West Partners

Guest: Zach Lemaster is the founder & CEO of Rent To Retirement, a turn key rental company focusing on new construction single family & small multi family rental property. Starting his investment journey while serving as an Optometrist and Captain in the US Air Force, Zach strategically grew his portfolio to allow for early retirement from his medical career. 

Big Idea: Buying rentals can set you up for a comfortable retirement or simply give you a larger pile of cash to reinvest later in your career. That said, selecting the RIGHT rentals in the RIGHT market can speed this process up while reducing the headaches and attention that come with a rental portfolio.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
www.RentToRetirement.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/turn-key-rental-market-selection-with-zach-lemaster/

Zach Lemaster & I Discuss Turn Key Rentals:

• Buying Lower Maintenance Property

• Selecting the Best Markets for Growth

• Going Bigger – Scale with Simplicity 

• 5% Down Investor Loans

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Jacksonville Florida Turn Key Rental Properties with Gregg Cohen

• Self Storage Redevelopment with Scott Krone

• Turn Key & BRRR-Key Rentals with Ali Boone

• Engelo Rumora on Building a Multi-Million Dollar Turn Key Rental Business

• Mark Ainley on Pulling Back the Curtain of a High Volume Turn Key Rental Business

• Joe Mueller on REO Brokerage, Turn Key Rentals, & Buying Houses through Non-Performing Notes (NPN’s)

Guest:  This is a presentation on Private Money Lending by Dan Breslin, host of the REI Diamonds Show.

Big Idea:  Private Money Lending can be an effective and reliable source of above average returns for those with some cash. It is also an effective method to scale a fix & flip business.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
www.DiamondEquity.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/private-money-lending-masterclass-with-dan-breslin/

I Discuss Private Money Lending:
• How to Become a Private Lender

• Earning 10% Returns by Investing Passively

• Underwriting Private Money Loans & Borrowers

• Finding Private Lenders

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Private Money Lending with Dan Breslin

• Dan Breslin on Raising Private Money for Single Family Flips

• John Matheson on How to Access Commercial Credit

• Fast & Easy Multifamily Lending with StackSource Founder Tim Milazzo

Big Idea: Private Money Lending can be an effective and reliable source of above average returns for those with some cash.  One often overlooked source of this cash is dormant IRA and other retirement accounts.  Dan and his dad cover private money lending on retirement accounts.  They also talk through the founding of Diamond Equity Investments – which is the volume fix & flip real estate firm founded by Dan (the podcast host).

This episode of The REI Diamonds Show is sponsored by the Deal Machine. This software enables real estate investors to develop a reliable & low-cost source of off-market deals. For a limited time, you get free access here. 

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

View the episode description & transcript here:

Private Money Lending with Dan Breslin - REI Diamonds

My Dad & I Discuss Private Money Lending:

• How to Become a Private Lender

• Earning 10% Returns by Investing Passively

• Vetting Potential Borrowers

• The Founding Story of Diamond Equity 

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• 10 Years Ago Today-The Birth of D.E.I.

• Dan Breslin on Raising Private Money for Single Family Flips

• Fast & Easy Multifamily Lending with StackSource Founder Tim Milazzo

• Navigating Real Estate Investment: From Young Enthusiast to Mobile Home Parks with Mitchell England

Guest: In this episode, we sit down with Gino Barbaro, co-founder of the Jake and Gino brand and a titan in the multifamily real estate space. Gino shares his incredible journey from running a small family restaurant to managing over $350 million in assets. Gino Barbaro is a seasoned real estate investor, entrepreneur, and co-founder of Jake & Gino, a multifamily real estate education company. With years of experience and numerous successful deals under his belt, Gino is dedicated to educating others about the intricacies of passive investing and multifamily real estate management.

Big Idea: Gino Barbaro emphasizes the importance of education, mentorship, and strategic partnerships in achieving success in multifamily real estate. He shares how investing in personal growth and building a strong network can transform a small business owner's career into that of a real estate mogul. Gino highlights the importance of understanding the key pillars of passive investing: the sponsor, alignment of interests, and the deal itself. By focusing on these aspects, investors can make more informed decisions and avoid common pitfalls, leading to more stable and profitable investments. The key to success in multifamily real estate is viewing properties not just as buildings, but as revenue-generating businesses. Gino emphasizes the importance of systems and processes in managing properties, whether they are small six-unit buildings or large 97-unit complexes. He also highlights the significance of deal flow, broker relationships, and understanding market cycles to seize opportunities and maximize returns.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://JakeAndGino.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/gino-barbaro-on-large-multi-family-real-estate-investing-in-2024/

Gino Barbaro & I Discuss Large Multi Family Real Estate Investing in 2024:
• First Steps in Multifamily Real Estate (03:14): How Gino partnered with Jake to start their first multifamily deal and the challenges they faced.
• Importance of Mentorship and Education (10:43): The value of mentorship and continuous learning in overcoming initial fears and scaling up.
• Three Pillars of Passive Investing (00:14:31): Explanation of the jockey (sponsor), saddle (alignment of interests), and horse (the deal) framework.

• Loan and Financing Strategies (33:57): Gino discusses using community banks for 80% loan-to-cost financing, including renovations, and how he and his partner funded their deals.

• Market Cycles and Investment Timing (36:03): The discussion covers market cycles, cap rates, and why certain assets are better investments during different market phases.

Big Idea: The biggest opportunity in commercial real estate is leasing up large amounts of vacant space.  This is how to earn profits exceeding $10,000,000.  The key to doing this is building a business focused on attracting tenants and building an ecosystem of tenants that will bring traffic to those properties over a long period of time.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.zequitygroup.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/redeveloping-u-s-malls-part-2-with-brait-fund-saul-zenkevicius/

Saul Zenkevicius & I Discuss Redeveloping Commercial Real Estate:
• Climbing Mt Kilimanjaro 

• Leasing 300,000 sq. ft. in 15 months

• Creating $10M in value in that same period

• Simplifying Life instead of Chasing Money Exclusively

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Saul Z on Leveling Up in Real Estate

• Family Values & Real Estate Investing with Jim Sheils, A #1 Wall Street Journal Best Seller

• Redeveloping Dying Malls with Brait Capital Founder Rafik Moore

• Owning & Operating 4,500 Apartment Units with Mark Kenney

• Mark Ainley on Pulling Back the Curtain of a High Volume Turn Key Rental Business

• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti

Guest: Rafik is a seasoned commercial real estate operator with extensive experience in retail & industrial property.  His company, Brait Capital is now focused on very large retail & industrial assets.  Recently, he has closed on 3 shopping mall properties with large vacancy and is in the process of repositioning those assets.

Big Idea: Commercial real estate success is found in 3 components.  First, finding an asset at a favorable cost basis. Second, assembling the capital to buy & redevelop that asset. Finally, and perhaps most important, operating the business of leasing at a high level to quickly fill the asset with paying tenants – tenants who draw the missing traffic back and bring that asset back to life.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
www.BraitCapital.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/redeveloping-dying-malls-with-brait-capital-founder-rafik-moore

Rafik & I Discuss Redeveloping Dying Malls:

• The Evolution from Flipping Houses to Buying Malls

• The System for Creating Astonishing Leasing Velocity

• Creating a “product”, as opposed to doing a “deal”

• Managing 700 Commercial Tenants

Relevant Episodes: (200+ Content Packed Interviews in Total)

• Saul Z on Leveling Up in Real Estate

• Mark Ainley on Pulling Back the Curtain of a High Volume Turn Key Rental Business

• Kirby Atwell on Founding a Luxury Home Investment Company

• Johnny Wolff on how to Unlock Passive Wealth with Real Estate and Innovation

• Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon Cobb

Guest: Roger King, an experienced real estate investor now residing in Puerto Rico, joins us on the REI Diamond Show. With a career spanning over 30 years, Roger's expertise ranges from residential to commercial real estate, with a particular focus on waterfront properties and leveraging the tax advantages of Puerto Rico. His journey from aspiring musician to a successful investor provides a wealth of knowledge and inspiration for those navigating the real estate landscape.

Big Idea: Roger King highlights how waterfront living enhances property value and personal well-being, sharing his own experiences of moving to Puerto Rico. The island offers a unique blend of scenic beauty and lifestyle benefits, complemented by substantial tax incentives such as the elimination of capital gains taxes and lower property taxes. This strategic move not only improves his quality of life but also bolsters his wealth-building efforts, showcasing the powerful synergy between lifestyle choices and financial planning in real estate.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.RogerKing.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/living-by-the-water-real-estate-insights-with-roger-king-on-waterfront-investments-tax-benefits

Roger King & I Discuss Real Estate Insights on Waterfront Investments & Tax Benefits:
• Introduction and Background (00:00:26)
Roger shares his current life in Puerto Rico and the positive influence of ocean views on his well-being and lifestyle choices.

• Roger’s Real Estate Journey (00:13:54)
Roger recounts his first real estate deal in Orlando and subsequent ventures, illustrating his progression from wholesaling to flipping properties and beyond.

• Lessons from a Major Deal Gone Wrong (00:34:12)
Roger discusses a challenging investment in a church property in Savannah, detailing the lengthy foreclosure and bankruptcy process and the valuable lessons learned.

• Selecting and Managing High-Quality Partnerships (00:38:56)
Roger emphasizes the importance of choosing reliable partners who bring complementary skills, sharing insights on joint ventures and ensuring all partners have a stake in the success.

• The Value of Continuous Deal Flow (01:00:07)
Roger explains the necessity of maintaining a steady stream of new deals, even in difficult times, to offset past losses and sustain momentum in real estate investing.

Big Idea: Andy Gurczak delves into the intricacies of insurance claims for property investors, emphasizing the importance of strategic decision-making and a thorough understanding of the process to avoid pitfalls. He also shares his journey from residential to commercial real estate investing, highlighting the lessons learned and strategies for success in the commercial sector.

This episode of The REI Diamonds Show is sponsored by the Deal Machine. This software enables real estate investors to develop a reliable & low-cost source of off-market deals. For a limited time, you get free access here.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

AllCity Adjusting

View the Episode Description & Transcript Here:

Avoid Property Insurance Nightmares with Public Adjuster Andy Gurczak - REI Diamonds

Andy Gurczak & I Discuss Avoiding Property Insurance Nightmares with Public Adjuster:

• 5:50 - Details of a 1031 Exchange: Insights into executing a 1031 exchange successfully and the lessons learned from the process.

• 10:01 - Acquiring a Seven-Unit Commercial Property: The story behind acquiring a prime commercial building and its financial implications.

• 15:40 - Financing Strategies: How leveraging relationships with local banks facilitated property acquisitions.

• 18:30 - Property Management and Tenant Relations: Managing properties personally and dealing with tenant issues directly.

• 27:35 - Critical Timing in Claim Filing: Brother Elijah's experience highlights the importance of acting swiftly and seeking expert advice to maximize claim value.

• 29:19 - Settlement Offers and Pitfalls: Andy shares insights into deciphering settlement offers and avoiding potential traps.

• 35:52 - Commercial vs. Residential Claims: Understanding the dynamics between commercial and residential claims can influence strategy and approach.

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Andy Shamberg on Property Insurance Fundamentals
• REI Diamonds Show with Rick Thompson on Building Green, High-Performance New Construction
• 100+ Unit Apartment Syndication with Stephanie Walter
• Rental Property Insurance Pitfalls with Attorney Galen Hair
• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden

Big Idea: New Silver combines financial expertise with advanced technology to streamline the lending process for real estate investors. By leveraging blockchain technology and smart contracts, New Silver offers faster loan approvals and closings, reducing the time and complexity traditionally associated with hard money lending. The discussion revolves around the pivotal role of trust in real estate transactions amidst the rise of blockchain technology. While blockchain promises seamless transactions and tokenization, Kirill and Dan delve into the fundamental necessity of trust in every aspect of real estate, from lending to investment.

This episode of The REI Diamonds Show is sponsored by the Deal Machine. This software enables real estate investors to develop a reliable & low-cost source of off-market deals. For a limited time, you get free access here. 

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

New Silver

View the episode description & transcript here:

New Silver Fintech CEO Kirill Bensonoff on Blockchain Hard Money Loans - REI Diamonds

Kirill Bensonoff & I Discuss Blockchain Hard Money Loans:

• Exploring the Role of Hard Money Lending in Real Estate Investments (02:12):
• Unpacking the significance of hard money lending as a crucial financing option for real estate investors, offering flexibility and speed in transactions.
• Demystifying Loan Requirements, Down Payments, and Interest Rates for Profitable Ventures (05:34):
• Breaking down the essential components of real estate loans, including requirements, down payments, and interest rates, while discussing profitability calculations to empower investors.
• Effective Strategies for Strengthening Offers and Accelerating the Closing Process (17:01):
• Offering tactical approaches to enhance offers to sellers and expedite the closing process, ensuring a competitive edge in real estate transactions.
• New Silver's Dedication to Tailored Solutions and Building Strong Borrower Relationships (20:10):
• Highlighting New Silver's commitment to providing customized solutions and nurturing robust borrower relationships to foster trust and long-term success.
• Blockchain Applications in Real Estate Transactions (25:05):
• Discussing the potential of blockchain to streamline real estate processes such as property title transfers and asset settlement, enhancing efficiency and reducing transaction costs.

Guest: Clint Harris is a seasoned entrepreneur and real estate expert who traded in his medical sales career for a life of financial, time, and location independence through strategic investments in real estate. From implanting pacemakers to converting big box retail buildings into self-storage facilities, Clint's journey is nothing short of transformative. As the founder of Nomad Capital, he's known for his innovative approach to reshaping the real estate landscape in the Southeastern United States. Join us in this episode as Clint shares his insights and experiences, highlighting the pivotal moment he decided to break free from the limitations of trading time for money. His story serves as an inspiration for anyone seeking financial independence through strategic real estate investments.

Big Idea: Clint Harris offers a groundbreaking perspective on real estate investment, focusing on converting vacant big-box retail buildings into lucrative self-storage facilities. He demonstrates how investors can achieve substantial returns with a unique value-add strategy through strategic acquisitions, in-house construction, and capital raising. Clint highlights the adaptability required to meet the evolving demands of consumers, particularly millennials, within the self-storage sector. He underscores the resilience of this niche market amidst economic fluctuations, advocating for calculated risks to break free from the constraints of trading time for money. Clint's insights prompt listeners to assess their income ceilings and pursue avenues for greater financial freedom aligned with their long-term goals.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://NomadCapital.us/team/

View the Episode Description & Transcript Here:
https://reidiamonds.com/transforming-big-box-retail-into-self-storage-a-conversation-with-clint-harris/

Clint Harris & I Discuss Transforming Big-Box Retail into Self-Storage:
• Conversion & Challenges of Big Box Retail to Self-Storage (3:34)

• Optimal Investment Structure and Returns (10:03) 

• Strategic Property Acquisitions: How to leverage prime locations and capitalize on market demand (20:09)

• Changing Consumer Behavior: Adapting storage offerings to meet the needs of modern renters, especially millennials (25:53)

• Stabilization and Occupancy: Achieving high occupancy rates through effective marketing strategies and competitive pricing (30:19)

• Calculating risk in the pursuit of financial freedom (40:13)

Big Idea: In this episode, Darcy Marler delves into the transition from fixing and flipping houses to land development and new construction, stressing the need to align real estate strategies with personal preferences. He outlines risk mitigation and profit maximization strategies, emphasizing the substantial benefits of new construction, including higher returns, better tenants, and efficient management. Darcy highlights advantages such as ease of financing and incentives for developers addressing the housing crisis. He underscores opportunities for smaller investors in smaller-scale projects like multifamily units or residential development. Understanding market demand, leveraging financing, and exploring exit strategies are key takeaways for maximizing returns in real estate development.

This episode of The REI Diamonds Show is sponsored by the Deal Machine. This software enables real estate investors to develop a reliable & low-cost source of off-market deals. For a limited time, you get free access here.

This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now.

Resources mentioned in this episode:

Hutton Radway

View the episode description & transcript here:

Real Estate Development with Darcy Marler - REI Diamonds

Darcy Marler & I Discuss Real Estate Development:

• Budgeting and Risk Management in New Construction (3:31)

• Philosophies on Holding vs. Selling Properties (10:02)

• Pre-Selling Land vs. Building Spec Homes (15:54)

• Identifying Potential Land for Development & Subdividing (18:21)

• Evaluating Opportunities in Aging Neighborhoods (23:16)

• Benefits of New Construction for Rental Properties (36:38)

• Importance of Demographics and Location in Real Estate Investment (45:36)

• The Significance of Partnerships and Operational Support in Real Estate Ventures (49:48)

Relevant Episodes: (200+ Content-Packed Interviews in Total)

• Lease Option – Rent to Own Real Estate Investing with Adam Zach

• Reverse Wholesaling with Kent Clothier of REWW

• Josh Inglis on Building New Construction & Selecting Rentals on Chicago’s South Side

• How to Buy Land with No Money Down with Mark Podolsky

Guest: Adam Zach, is a seasoned real estate investor, with over a decade of experience in real estate. Adam brings a wealth of knowledge and shares his remarkable journey from humble beginnings in North Dakota to building a diverse portfolio spanning multiple states, highlighting the importance of leveraging unique advantages and taking calculated risks to achieve success in the dynamic world of real estate investment.

Big Idea: In the episode, Zach and I delved into the strategic approach to real estate investment and risk mitigation. Zach emphasized the significance of leveraging unique advantages and taking calculated risks to build a successful portfolio. From implementing innovative strategies like guarantor bond policies to minimize risk in rental processes to scaling real estate syndication through strategic partnerships and digital marketing, our discussions highlighted the importance of forward-thinking, disciplined decision-making, and adapting business models to evolving market conditions. Through his own journey and experiences, Zach underscored the critical role of strategic foresight, disciplined execution, and risk management in achieving long-term success in the dynamic world of real estate investment.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://HomeEquityPartner.com/investors/

View the Episode Description & Transcript Here:
https://reidiamonds.com/lease-option-rent-to-own-real-estate-investing-with-adam-zach/

Adam Zach & I Discuss Lease Option - Rent to Own Real Estate Investing:

• Business Model Evolution: Transitioning from traditional rental properties to lease option models for sustainable cash flow and reduced turnover. (00:04:07)

• Guarantor Bond Policies: Exploring how Guarantor policies work and their impact on tenant screening and security deposits. (00:13:29)

• Syndication Funds: Exploring the structure and returns of syndication funds for investors, including preferred returns and profit splits. (00:23:00)

• Tax Benefits and Depreciation: Adam elaborates on the tax advantages passed on to investors through syndication deals, including depreciation benefits. (00:30:35)

• Chess as a Brain Development Tool: Adam reflects on the parallels between playing chess and developing strategic thinking, risk assessment, and delayed gratification from an early age.(00:39:51)

• The Power of Partnerships: Insights into the benefits of strategic business partnerships in mitigating risks, sharing resources, and aligning interests for mutual success. (00:44:15)

Guest: Join us in this captivating interview with Chris Long, a visionary entrepreneur who transformed a simple solution into a booming real estate venture. Chris, a licensed carpenter, identified a gap in the market and embarked on a journey that led him from the cold capital of Canada to the sunny shores of Tampa, FL, where he currently spearheads Long Yards, a revolutionary concept in real estate targeting an unmet need for affordable storage space.

Big Idea: Chris shares his remarkable journey from identifying a market need to building a successful business empire in the real estate sector. He delves into the challenges he faced, the pivotal decisions he made, and the strategies he implemented to overcome obstacles and achieve exponential growth in the storage business.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://LongYards.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/storage-yard-real-estate-development-with-chris-long/

Chris Long & I Discuss Storage Yard Real Estate Development:
• Identifying Market Gaps: Chris discusses the inspiration behind Long Yards and the unmet need for affordable storage space. (00:02:51)

• Strategic Partnerships: The importance of choosing the right partners and maintaining alignment in business ventures. (00:06:48)

• The Concept of Long Yards: Chris introduces the concept of Long Yards, explaining how it combines land banking with cash flow generation. (00:13:04)

• SBA Financing Advantage: The competitive advantage of utilizing SBA financing for real estate acquisition and build-out within the Long Yards framework. (00:22:38)

• Stabilized occupancy rate and turnover: Chris discusses how Long Yards maintains a 90% stabilized occupancy rate, with lower turnover due to catering mainly to small businesses (00:42:41).

Relevant Episodes: (200+ Content Packed Interviews in Total)
• Paul Sloate Forecasting the State of the Real Estate Market for 2016
• From Immigrant Hustler to Real Estate Titan: Rod Khleif’s Psychology of Building & Rebuilding Empires
• Real Estate Uncovered: Building Success and Weathering the Storm with Doug Faron
• Josh Inglis on Building New Construction & Selecting Rentals on Chicago’s South Side

Guest: Brock Holliman, a resilient real estate entrepreneur, shares his remarkable journey from humble beginnings in Memphis to becoming a prominent figure in Florida's real estate market. Starting with a lawn mowing business during the real estate depression, Brock's tenacity and adaptability propelled him into various facets of real estate investing, ultimately leading to his expertise in the build-to-rent space.

Big Idea: Brock's story underscores the significance of seizing opportunities amidst adversity and continuously evolving strategies to thrive in the ever-changing real estate landscape. From navigating market downturns to pioneering innovative investment models like build-to-rent, Brock's journey exemplifies resilience, adaptability, and strategic vision in achieving success in real estate.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://HollimanCapitalGroup.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/navigating-market-turbulence-lessons-from-brock-hollimans-real-estate-success/

Brock Holliman & I Discuss Navigating Market Turbulence:
• Innovative Investment Models (6:15): We discuss Brock's pivotal role in introducing build-to-rent projects and partnering with a hedge fund highlights the significance of innovative investment models in capitalizing on emerging market trends. 
• Navigating Market Uncertainties (10:15): Brock's approach to scaling back in response to market uncertainties emphasizes the importance of enhancing operational efficiency and leveraging data analysis for informed decision-making during volatile market conditions. 
• Utilizing Market Data for Informed Decisions (13:47): Discussion on leveraging resources like HUD and Zillow for data analysis highlights the significance of utilizing market data to navigate challenges and make strategic investment decisions. 
• Exclusive Focus on Florida's Real Estate Market (18:52): Brock's exclusive focus on Florida's real estate market and his insights into promising investment potential compared to historical trends in other regions emphasize the importance of market research and strategic geographical focus. 
• Competing with National Builders and Building on Infill Lots (21:57): Challenges of competing with national builders and the necessity of building on infill lots due to funding limitations highlight the importance of strategic positioning and resource optimization in real estate development. 
• Advantages of New Construction Build-to-Rent Properties (29:03): Discussion on the investment strategy of using new construction build-to-rent properties for long-term value appreciation emphasizes the advantages such as lower maintenance costs, higher tenant quality, and increased property value, highlighting the potential of innovative investment strategies in the real estate market.

Guest: Wyatt Simon is a seasoned real estate investor renowned for his transformative approach to achieving financial freedom through strategic property investments. With a background rooted in leveraging the power of real estate assets, Wyatt has successfully built a remarkable portfolio, starting from humble beginnings. Through innovative strategies like the Burr method (Buy, Renovate, Rent, Refinance, Repeat), Wyatt has demonstrated a knack for maximizing returns while minimizing initial capital investment. His dedication to empowering others and sharing valuable insights has made him a sought-after figure in the world of real estate investing.

Big Idea: In this podcast is the transformative power of real estate investing in achieving financial freedom. Wyatt Simon emphasizes the importance of aligning investments with personal goals and values, leveraging the right strategies, and adopting a growth mindset to succeed in the competitive real estate market.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://fcequitypartners.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/empowering-wealth-creation-a-deep-dive-into-real-estate-with-wyatt-simon/

Wyatt Simon & I Discuss Empowering Wealth Creation:
• Wyatt and I discuss Rental Market Trends, Growth, and Regional Market Conditions (7:13): Explore current rental market trends and factors, including interest rates, driving rent growth for strategic real estate investment decisions in the Sunbelt and Midwest regions.

• The Importance of Resilience in Omaha's Housing Market (00:11:39): Analyze the factors contributing to Omaha's housing market resilience during economic downturns for insights into market stability.

• The Direct-to-Seller Approach (00:17:55): Learn about strategies for building relationships with property owners and negotiating deals outside traditional market channels in real estate acquisitions.

• House Hacking and FHA Loans (00:34:50): Explore how to leverage FHA loans for house hacking, a strategy for reducing living expenses through rental income.

• Scaling to Multifamily Properties (00:35:21): Discover insights on transitioning from single-family homes to multifamily properties for increased scalability in real estate investments.

• Tax Benefits and Depreciation (00:42:32): We delve into tax benefits and cost segregation in real estate deals, with approximately 35% of the purchase price returned to investors in depreciation in year one. Discuss the allocation of depreciation and alignment of interests between investors and operators.

Guest: Bob Bernotas boasts over three decades of immersion in the franchise industry, beginning his journey in 1986 when he opened his first West Coast Video franchise. Since then, he has owned multiple franchise concepts and units, with some achieving remarkable success. Bob's experience extends beyond ownership; he has also served as the CEO of a national chain and transitioned into franchise consulting, guiding companies towards growth strategies. Over the last decade, Bob has exclusively focused on assisting franchisees in finding the perfect fit, securing financing, and navigating the complex path to successful franchise ownership. With a wealth of hands-on experience and a deep understanding of the franchise landscape, Bob is a trusted advisor for investors seeking to explore the opportunities within this dynamic sector.

Big Idea: In the realm of franchising, timing is crucial, with successful brands quickly saturating markets and presenting lucrative investment opportunities. Semi-passive franchise models offer scalability and impressive returns, making them an attractive option for investors seeking to diversify their portfolios.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://FranchiseWithBob.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/bob-bernotas-on-building-flipping-franchise-businesses-for-huge-capital-gains/

Bob Bernotas & I Discuss Building & Flipping Franchise Businesses for Huge Capital Gains:

• Importance of timing in franchise investment

• Semi-passive franchise models and their scalability

• Strategies for financing franchise investments

• Vertical scaling through service-oriented franchise businesses

Relevant Episodes: (There are 240 Content Packed Interviews in Total)
• How to Invest in a Franchise Business with Jon Ostenson

• Franchise Investments with Kim Daly

• Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing

Big Idea: Brandon shares his journey into land development and the success of his strategy in selling finished pads to builders, highlighting the importance of adaptability in the face of changing market conditions. He emphasizes the shift towards focusing on entitlement of land for lower risk and higher returns, while also exploring opportunities in developing and selling pads with pre-contracted buyers.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.hbgcapital.net/

View the Episode Description & Transcript Here:
https://reidiamonds.com/navigating-real-estate-development-insights-from-brandon-cobb/

Brandon Cobb & I Discuss Navigating Real Estate Development:

• Transitioning from new construction to land development.

• Strategies for selling finished pads to builders.

• Assessing market conditions and adapting development strategies.

• Balancing risk and profitability in real estate development.

• Exploring opportunities in the entitlement of land and pre-contracted sales.

Relevant Episodes: (There are 239 Content Packed Interviews in Total)

• Skylines and Strategies: Navigating New York City Real Estate with Bob Knakal

• Bob Morales on Obtaining Credit in an LLC

• Taylor Loht: Navigating Multifamily and Self-Storage Real Estate Investments

• Navigating Real Estate Investment: From Young Enthusiast to Mobile Home Parks with Mitchell England

Guest: Join us in this episode as we sit down with Bob Knakal, Head of the New York Private Capital Group at JLL, a seasoned investment sales broker with a 40-year career in the dynamic New York City real estate market. Bob shares insights into his impressive journey, highlighting his role in transforming the skyline through strategic land deals and development projects.

Big Idea: Bob Knakal takes us on a journey through his four-decade-long career in the New York City real estate market. From the early days as an investment sales broker to leading the New York Private Capital Group at JLL, Bob shares key strategies for success, highlighting the importance of expertise, data-driven decision-making, and product specialization. The discussion delves into the nuances of the market, examining recent corrections, development opportunities, and the unique challenges and advantages of navigating the complex world of New York City real estate. Bob's insights provide valuable lessons for both seasoned professionals and those looking to make their mark in the ever-evolving real estate landscape.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.us.JLL.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/skylines-and-strategies-navigating-new-york-city-real-estate-with-bob-knakal/

Bob Knakal & I Discuss New York Real Estate:

• Expertise and Differentiation: Bob emphasizes the importance of becoming an expert in a specific niche of the market, using statistics rather than adjectives to answer key market questions.

• The Map Room Advantage: Bob discusses the creation of the Map Room, a unique data set that tracks every building under construction and potential development site in New York City, providing a competitive advantage in selling land.

• Product Specialization: Bob talks about the shift from geographic orientation to product specialization in recent years, focusing on specific property types such as land transactions and multifamily properties.

• Market Correction Dynamics: Bob provides a detailed overview of the New York City real estate market's recent corrections, emphasizing the autonomy of different product types and the changing behavior of lenders in response to market conditions.

• Development Opportunities: Explores ongoing development opportunities in various sectors, including the challenges and prospects in the condo land market, the impact of rezoning projects, and the transformation of the hotel market.

Relevant Episodes: (There are 238 Content Packed Interviews in Total)

• The Future of Commercial Real Estate Investing in Major Cities with James Nelson

• Aaron Lockhart on Doing Deals with Diamond Equity

Guest: Steve, a seasoned investor with over 50 years of experience, evolved his career from pension investment to managing a successful investment business. His journey was inspired by his father, a real estate developer, teaching him the crucial importance of cash flow. Steve's investment philosophy centers around income focus, profit-taking, and building a diverse portfolio of high-quality assets. With a background in managing over $110 million in capital, he shares his insights on the podcast, offering a unique perspective on stocks, closed-end funds, and navigating the intricacies of the investment landscape.

Big Idea: In this episode Steve discussed his income-focused investment strategy. Drawing parallels between real estate and his closed-end fund approach, Steve emphasizes the importance of consistent cash flow for sustainable growth. By prioritizing income over market value, he introduces a methodology that mitigates risk and offers a practical alternative for investors seeking stable returns.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://TheIncomeCoach.net/

View the Episode Description & Transcript Here:
https://reidiamonds.com/unlocking-wealth-beyond-real-estate-a-conversation-with-steve-selengut/

Steve Selengut & I Discuss Unlocking Wealth Beyond Real Estate:
• Income-Focused Investing: Steve's strategy centers on prioritizing income generation over market value, creating a resilient investment portfolio.

• Closed-End Funds: Understanding the role and benefits of closed-end funds in income-focused investment strategies.

• Market Volatility: Embracing market volatility as an opportunity for strategic trading and maximizing returns.

• Quality Criteria for Investments: Steve discusses key principles and criteria for selecting high-quality investment options.

• Realized Returns vs. Paper Returns: Differentiating between realized returns, focusing on income growth, and the potential pitfalls of chasing paper returns.

Relevant Episodes: (There are 237 Content Packed Interviews in Total)
• Unlocking Multifamily Millions: How Vlad Arakcheyev Transformed from Graphic Designer to Syndication Powerhouse
• How to Release Home Equity WITHOUT a Refi, Monthly Payments, or Mortgage with Matthew Sullivan

Guest: From wearing hand-me-downs to owning thousands of doors, Rod Khleif's real estate journey is one of epic upswings and gut-wrenching falls. He immigrated to the US at 6, faced childhood poverty, and built a real estate empire, only to lose millions in the 2008 crash. But Rod bounced back, fueled by an unshakeable mindset and a deep understanding of psychology's role in success. Today, he's a multi-millionaire, podcast host, and mentor, sharing his hard-won wisdom to help others avoid his pitfalls and achieve their own real estate dreams.

Big Idea: Real estate success isn't just about brick and mortar; it's about mastering the mental game. In this episode, Rod reveals the powerful mindset strategies that helped him climb back from rock bottom, and how anyone can leverage psychology to overcome fear, limiting beliefs, and market downturns. He emphasizes goal setting, decisive action, and resilience as the cornerstones of building and rebuilding real estate empires.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://RodKhleif.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/from-immigrant-hustler-to-real-estate-titan-rod-khleifs-psychology-of-building-rebuilding-empires/

Rod Khleif & I Discuss How to:
- Discover how a single, resolute decision can propel you from observer to active investor.
- Learn to navigate the fear of the unknown and take that crucial first step in the dark.
- Reframe fear as an illusion and leverage it for action and a positive mindset.
- Identify and crush the limiting beliefs holding you back from unleashing your full potential.

Relevant Episodes: (There are 236 Content Packed Interviews in Total)
- Making, then Losing $50 Million with Rod Khleif
- REI Diamonds Show with Engelo Rumora on Building a Multi-Million Dollar Turn Key Rental Business
- Wholesale Masters Series #3 Jonathan Potter on Transitioning from Wholesaling to Buying Houses
- REI Diamonds Show with David Krulac on Creating HUGE Value through Subdividing Residential Acreage
- Hakeem Valles on Real Estate After the NFL

Guest: In this episode we speak with Brad Chandler, the driving force behind Express Home Buyers and a true pioneer in the real estate industry. From building a successful company with a formidable SEO presence to a transformative shift in mindset and lifestyle, Brad's story is nothing short of remarkable. Discover how he overcame limiting beliefs, harnessed the power of hypnosis, and found the keys to happiness and longevity. This episode is a beacon of hope for those seeking not just success in real estate but a holistic approach to well-being and fulfillment.

Big Idea: In this episode, our guest Brad shares his personal journey of self-discovery and the tools he developed, such as the Joy Regenerator and hypnosis, to break free from negative patterns. The conversation explores the interconnectedness of mind, body, and spirit, emphasizing that success in real estate and life requires a holistic approach that goes beyond financial achievements.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.Facebook.com/BradChandlerCoaching

View the Episode Description & Transcript Here:
https://reidiamonds.com/elevating-your-life-unraveling-the-journey-to-freedom-and-fulfillment-with-brad-chandler/

Brad Chandler & I Discuss Elevating Your Life:
- Building a Strong SEO Presence: Strategies and insights for establishing a powerful online presence in the real estate market.

- Navigating Real Estate Challenges: Brad's experiences and lessons learned from buying and selling thousands of houses.

- Overcoming Obstacles in Real Estate: How to persist and thrive in the face of challenges and setbacks.

- The Power of Networking: The significance of connecting with like-minded individuals and building a supportive community in the real estate industry.

- Transformative Mindset Shift: Brad's journey from a traditional real estate approach to a mindset-focused, streamlined business model.

Relevant Episodes: (There are 235 Content Packed Interviews in Total)
- Tech to Real Estate: A Unique Journey with Kranti Ponnam
- Real Estate Uncovered: Building Success and Weathering the Storm with Doug Faron
- Scaling with Strategy in Real Estate with Jim Fredo
- Inside the Self-Storage Industry with Jacob Vanderslice of Van West Partners

Guest: Doug's extensive experience in the real estate industry, combined with his innovative strategies, has made him a sought-after expert in the field. Throughout his career, he has successfully navigated high-growth markets, mastered the art of property management, and achieved remarkable returns on investments. Join us as Doug shares his invaluable insights, practical tips, and the secrets behind his real estate success.

Big Idea: In this episode, we sit down with Doug Faron, a highly experienced real estate investor and operator with a remarkable track record in the industry. Doug provides valuable insights into his journey, emphasizing the importance of maintaining family values while building a successful real estate business. He shares his expertise in navigating the real estate market, even during challenging periods, and highlights the key factors that have contributed to his achievements.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://ShorehamCapital.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/real-estate-uncovered-building-success-and-weathering-the-storm-with-doug-faron/


Doug Faron & I Discuss Building Success and Weathering the Storm:

• The foundation and vision of Shoreham Capital.

• Successfully managing large real estate development projects.

• Strategies for weathering the storm in a challenging real estate market.

• Insights into the cost and yield considerations for real estate projects.

• The importance of location, entitlement risk, and site plan approval.

Relevant Episodes: (There are 234 Content Packed Interviews in Total)

• Tech to Real Estate: A Unique Journey with Kranti Ponnam

• Paul Sloate on 1st Quarter 2019 Economic Market Update

• Investing in 200 Unit Multi Family Apartment Buildings with Ken Gee

• Scaling with Strategy in Real Estate with Jim Fredo

• Inside the Self-Storage Industry with Jacob Vanderslice of Van West Partners

View the Episode Description & Transcript Here:
https://reidiamonds.com/tech-to-real-estate-a-unique-journey-with-kranti-ponnam/

Kranti Ponnam & I Discuss Teach to Real Estate:
- Transition from Technology to Real Estate Investing: Kranti delves into his unique journey transitioning from the technology sector to real estate investing, highlighting how his strong belief in real estate, coupled with a technology background, paved the way for his substantial success in the real estate market.

- Exploring Different Real Estate Asset Classes: Kranti's diverse investment portfolio spans various real estate asset classes, from small condos to retail strip centers and multi-family properties. He shares his strategic diversification tactics, showcasing his adaptability and astute investment acumen across diverse segments of the real estate market.

- Unveiling the Potential of the Atlanta Real Estate Market: Kranti's enthusiasm for the Atlanta market is fueled by its remarkable potential. He outlines key factors, such as population growth, job opportunities, and affordability, which make Atlanta an enticing and sustainable market for real estate investment.

- Strategic Scaling: Kranti's approach underscores the significance of strategic scaling in real estate investment. He provides insights into adding value to non-performing assets, optimizing property performance, and maximizing returns while diligently managing risk factors within a dynamic market.

Guest: Jacob Vanderslice is a real estate investor and entrepreneur with over 15 years of experience in the industry. He is the founder of Van West Partners, a real estate investment firm that specializes in self-storage facilities. Jacob has an extensive background in residential fix and flips, multifamily, adaptive reuse retail, and town-owned development, but his passion lies in the self-storage business. Jacob explains the reasoning behind his shift towards storage, the company's investment philosophy, and how they create value in their facilities.

Big Idea:  Real estate investor and entrepreneur Jacob Vanderslice shares his expertise in self-storage investment. Jacob discusses his journey in real estate investing and how his company, Van West Partners, moved from single-family rentals to self-storage investments. He emphasizes the importance of creating value through income streams and optimizing unit mix for maximum revenue. Jacob also talks about his investment philosophy, which centers around value-add investments in growing markets.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.VanWestPartners.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/inside-the-self-storage-industry-with-jacob-vanderslice-of-van-west-partners-2/

Jacob Vanderslice & I Discuss the Self-Storage Industry:
• The evolution of Van West Partners' investment strategy

• The state of the US real estate market and the impact of COVID-19

• The role of technology in the real estate industry

• The potential impact of government policies on the market

• The outlook for the real estate market in the near future

Relevant Episodes: (There are 232 Content Packed Interviews in Total)
• Inside the Self-Storage Industry with Jacob Vanderslice of Van West Partners
• How to Rehab a House the RIGHT Way with Van Sturgeon Transcript
• Unveiling Your Real Estate Edge: Insights from Jeremiah Boucher
• How to Rehab a House the RIGHT Way with Van Sturgeon

Guest: Adam Gower, a seasoned real estate crowdfunding and syndication expert hailing from Central Coast California, has embarked on an extraordinary journey in real estate finance. His diverse experiences, from dwelling in Beverly Hills to navigating the California Coast's tumultuous waters, have uniquely sculpted his perspective on real estate investing. Within his captivating background lies an intriguing PhD thesis, delving into the historical intricacies of banks underwriting financing during the 1904-1905 Russo-Japanese war. Adam's profound knowledge of financial history and its practical application to real estate investment is genuinely enlightening

Big Idea: In this episode, Adam Gower, a real estate crowdfunding and syndication expert, discusses the evolving landscape of real estate financing, emphasizing the importance of risk management, adapting to changing market dynamics, and leveraging syndication and crowdfunding opportunities for real estate investors.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://GowerCrowd.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/insights-from-crowdfunding-expert-adam-gower/

Adam Gower & I Discuss Crowdfunding:

• Market Migration Trends: Exploring the migration of people from California to Florida and its potential impact on the real estate market.

• Risk Management: Drawing lessons from historical financial practices to highlight the crucial role of risk management in modern real estate investing.

• Changing Real Estate Dynamics: Understanding the impact of fluctuating interest rates, insurance costs, taxes, and other factors on real estate investments.

• Principal-Agent Conflict: Emphasizing the importance of active management and hands-on involvement in real estate deals to maximize returns.

• Syndication and Crowdfunding: Exploring the legal aspects and online visibility needed to attract investors through crowdfunding and syndication, along with strategies for scaling real estate businesses.

Relevant Episodes: (There are 231 Content Packed Interviews in Total)
• How to Make $300K/Year Investing in Mobile Homes with No Money Down
• Kevin Bupp on Mobile Home Park Investing
• 10 Years Ago Today-The Birth of D.E.I.
• Jefferson Lilly on Mobile Home Park Investing

Guest: Mitchell England is a dynamic real estate investor and entrepreneur known for his strategic prowess in property investments. With over a decade of experience, Mitchell's journey in real estate began during his teenage years when he was inspired by "Rich Dad, Poor Dad." He has since built a diverse portfolio spanning multiple states and property types, with a particular focus on mobile home parks. Mitchell's investment philosophy revolves around long-term holds and leveraging smart debt, all in pursuit of his vision for generational wealth and financial freedom through real estate.

Big Idea: Mitchell England shares his journey into real estate investing, starting as a young enthusiast inspired by "Rich Dad, Poor Dad." He discusses how he began with single-family properties, the importance of cash flow in his investment strategy, and his transition to owning and managing mobile home parks across the United States. Mitchell emphasizes the advantages of mobile home parks, such as stable cash flow and lower maintenance costs, and highlights the challenges of managing tenant-owned units. He also delves into the concept of good debt and how it has evolved over time, the ideal characteristics of a perfect mobile home park, and strategies for handling tenant turnover in older communities.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.CadiaCapitalGroup.com/

https://www.zeroto100tribe.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/navigating-real-estate-investment-from-young-enthusiast-to-mobile-home-parks-with-mitchell-england/


Mitchell England & I Discuss Navigating Real Estate Investment:

• Ideal Mobile Home Park Characteristics: Mitchell discusses the key attributes of an ideal mobile home park, including city utilities, paved roads, and tenant-owned units.
• Tenant Turnover and Value-Add Strategies: The challenges and strategies associated with tenant turnover and value-add opportunities in mobile home parks.
• Good Debt and Financing: Exploring the concept of “good debt” in real estate investing, emphasizing the benefits of non-recourse loans and favorable terms.
• Investment Philosophy and Long-Term Hold Strategy: Mitchell’s investment philosophy centered around long-term holds, cash flow, and building a portfolio that’s inflation-resistant.
• Challenges in Mobile Home Park Investments: Addressing the complexities of managing older and newer homes in the same community and finding solutions to attract new tenants to older park communities.

Guest: Jeremiah Boucher, a seasoned real estate investor, shares his transformative journey in the industry, from a challenging experience during the 2008 financial crisis to finding his competitive edge. With a focus on manufactured housing, self-storage, and small bay industrial properties, Jeremiah emphasizes the importance of continuous learning, building relationships, and honing communication and negotiation skills.

Big Idea: Jeremiah Boucher discusses his  journey of self-discovery and growth in the real estate industry. From overcoming adversity during the 2008 financial crisis to finding his niche in specialized asset classes, Jeremiah shares his insights on finding your competitive advantage, building trust, and the importance of continuous improvement. Get ready to gain valuable knowledge on deal sourcing, negotiation strategies, and the power of effective communication and presentation skills in real estate.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.PatriotHoldings.com/

https://www.StorageBootcamp.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/unveiling-your-real-estate-edge-insights-from-jeremiah-boucher/

Boucher: Yeah. Similar to a lot of the listeners, I quit college and got into real estate. I bought a lot of houses. I lost everything in 08 with just like the big short, you know, and had some real challenges with tax liens and foreclosure and credit card debt and all of that whole deal. I didn't have an edge, so I was doing what everyone else was doing in Vegas. You know, everybody was a realtor, everybody was a house flipper, learned the lesson. I knew something in my gut was wrong in that whole process, and I knew that wasn't going to survive. I took the hit and had to rebuild, and then the next 10 years really were about building up a manufactured housing portfolio

I did that by just being young and naive and aggressive and reaching out to some guys that started a big mobile home park fund and helped them build that fund by sourcing deals and kind of putting together creative deals and managing and operating some of these deals and then had a nice swap with them in 2016 where I was able to take on my own assets and manufactured housing. That gave me some autonomy to take that cash flow and put it into my own management company. I ran that out of Vegas, a lot of the assets were in Vegas and up near Reno, and I was able to at that point, you know, kind of build up my resources and learn the ins and outs of the operational part of the business, which is rough when you're dealing with some types of, you know, lower-income housing and, what revolves around that.

I saw at least the writing on the wall for me that I thought asset values were extremely high, and I really wasn't prepared to grow or scale that type of business at that time, so I had a good exit in 2019 and wrote the book and then, you know, connected with I think you a couple of years later, but it was really through, you know, a bunch of different networks where I started to actually scale and start with some funds rather than doing individual syndications, and at this stage, I only operate out of raising money through funds. I'm a typical, you know, private equity syndicator, like a lot of guys on your show, and then at that stage, you know, my niche, my focus, you know, first was manufactured housing. We still look at it, but it's not as heavy in the portfolio. Second is storage, you know, traditionally storage and tertiary secondary markets. A lot of them are up in the northeast. We remotely manage a lot of them, and we look for the rough ones and improve them.

Then lastly, my most recent kind of fun asset class is Small Bay industrial up in the Northeast, and I'm building a lot of it. I do construction as well. We can get into all that, but that’s trying to condense it as best I could for you, Dan.


Jeremiah Boucher & I Discuss the Unveiling Your Real Estate Edge:
- Finding Your Competitive Edge: Identify and leverage your unique value proposition to gain a competitive advantage in real estate by specializing in a specific asset class and continuously improving your skills.
- Building Relationships and Trust: Learn how to build strong relationships and foster trust with sellers, partners, and investors, crucial for achieving success in real estate. Effective communication, active listening, and demonstrating credibility as a buyer are key elements discussed.
- Understanding Different Asset Classes: Gain a comprehensive understanding of various real estate asset classes, including manufactured housing, self-storage, and small bay industrial properties. Explore the potential benefits and challenges of each asset class to make informed investment decisions.
- Strategies for Deal Sourcing and Negotiation: Discover practical strategies for finding and evaluating real estate deals, along with effective negotiation techniques. Jeremiah shares insights on deal sourcing, market analysis, and structuring creative solutions that align with both buyer and seller goals.
- Importance of Communication and Negotiation Skills: Recognize the significance of developing strong communication and negotiation skills in the real estate industry. Effective presentation, problem-solving, and active listening are essential for navigating complex transactions and building long-term relationships.

Relevant Episodes: (There are 221 Content Packed Interviews in Total)
- Donna Spina on Hiring & Retaining in the Real Estate Business
- Benefits of Scaling to $350 Million in Self Storage with Kris Benson
- Investing in Your LIFE, Not Just Your Portfolio with David Blain

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.VanWestPartners.com

View the Episode Description & Transcript Here:
https://reidiamonds.com/inside-the-self-storage-industry-with-jacob-vanderslice-of-van-west-partners/

Daniel: Okay, nice. Yeah, I’m in Chicago. As listeners probably know. Figure maybe we’ll start with the evolution or the reader’s digest version. Maybe a little bit about who Jacob is, but then also VanWest and kind of how your personal career and your business model evolved to the point where they’re at today in 2022.

Jacob: Certainly. Well, it’s all been accidental and I guess unintentional to a degree like most things are. We started investing real estate full-time in about 2006, and we cut our teeth doing lots and lots of residential fix and flips. We did a bunch of rentals. We did buy, fix and sell deals. We did almost probably 1200 of them over a fairly long period. We really started in 06 and kind of kept going in that business until about we had some overlap, but kind of started to quiet it down in about 19 as deal flow constricted and returns kind of went down. So that’s how we cut our teeth. Just buying residential homes at the auctions and fixing them up, making them better, and either running them out or selling them. We’ve also done a fair amount of multi-family adaptive reuse, retail, some for-sale townhome development, and we got in the storage business in 2015. And we looked at storage for a while, and we like the fact that it’s historically downside protected.

It’s got durable recurring revenue streams. It’s scalable, repeatable, defensible. So we researched it for a while and we kind of jumped in head first on our first deal. We did a ground-up development project here in Denver, and then we did a few other development projects locally, and then we opened up the Milwaukee market starting in about 2016 just north of you. We did a handful of deals out there. And over time, I mentioned accidental earlier. Over time, I just kind of evolved to becoming our main line of business. The residential business is great. Fixed and Flips is a great business. But one of the things we didn’t like about it is it was I guess overly transactional, meaning you’re buying, selling over and over and over again. And to make money, you constantly have to be buying a deal, making it better than selling it. And we wanted to shift to a business that was more cash flow focused versus a quick reversion focused. And that’s why we landed on storage. And through today, we’ve got 38 storage facilities, about 275 million in asset center management all over the country, Midwest, southeast, south, got some stuff in Denver, and we’re buying more and we’re building more.

Jacob Vanderslice & I Discuss the Self-Storage Industry:
- The evolution of Van West Partners' investment strategy

- The state of the US real estate market and the impact of COVID-19

- The role of technology in the real estate industry

- The potential impact of government policies on the market

- The outlook for the real estate market in the near future

Relevant Episodes: (There are 219 Content Packed Interviews in Total)
- Tom Dunkel: Strategies to Build Wealth Through Alternative Assets
- Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy
- Fleming Schutrumpf on Building a Rental Portfolio to Escape the 9-5
- The Future of Commercial Real Estate Investing in Major Cities with James Nelson

Guest: Scott Royal Smith is a real estate investor, attorney, and founder of Royal Legal Solutions. He shares his background in real estate and law, and how he scaled his wealth through strategic planning and asset protection. He believes in educating people and forming relationships to help them leverage their assets to build wealth.

Big Idea: Scott Royal Smith shares his expertise on cost-effective legal structures for real estate investing and tax strategies for asset protection. He presents a practical system involving creating a series of LLCs and a Land Trust to hold assets, which provides effective asset protection and can help minimize maintenance costs. Scott's insights offer valuable perspectives on how to reduce risk, minimize costs, and ultimately build wealth in real estate investing.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://RoyalLegalSolutions.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/maximizing-asset-protection-and-tax-savings-with-scott-royal-smith/

Dan: Nice. Scott, so for listeners, would you mind giving us maybe the reader’s digest version of the evolution of your business real estate and law career and then sort of what the business model is today?

Scott: Yeah and so my company is Royal legal Solutions but I got started in real estate when I was in law school. I bought a commercial property and auto repair and transmission repair shop for the back taxes. And I end up flipping the business in the building upon graduating to graduate from law school without any debt. And I thought that was going to be a hotshot litigation attorney. So I took a job suing insurance companies in a law firm. Turns out insurance company’s business model is collecting premiums and denying coverage, especially when things get expensive. And then that’s what attorneys does, they sue them whenever they do that. So, get first-hand experience about how does the whole game of insurance really work and how it’s important for us to have insurance, but also have additional protection in place.

But the whole time while I was working as an attorney there, I continued by real estate and I scaled my own real estate portfolio until I was making more money doing real estate and I was being an attorney. It took me about like a year and a half. I wasn’t sleeping a whole lot at those times in my life, and I didn’t need a lot of money, right? I wasn’t married, didn’t have kids and I was like, hey man, I’ve hit it. I’ve hit my financial freedom. I was like I’m golden, but then I ran into the problem and I think a lot of people run into which is like wait shouldn’t I be structuring this inside of like LLCs and should I be using any of trust to hold my assets and my company’s anonymously? And what should I be doing with all of my taxes and my estate planning, and my insurance? And why do I want to be doing all that? How’s that all suppose to work?

So, I did what everybody does and I was like, well, I’ll try to read the books and I’ll try to contact professionals. And so I did all of that, and I realized that nobody really have a complete system we’d put together. So I had to put one together for my own. So I built my own team of people because I was like, well, I want, I had the financial freedom but I wanted the time freedom. And the only way I can get there is if I built a team. If I studied for myself to understand how to do it for myself and then built a team of people that do it for me on basically managing my wealth for me.

It was great, I finally had everything that I wanted and I was traveling a ton and living a great life. And as I came back in living inside the states, a lot of my friends real estate Investors and asked me like hey man, how are you doing? What is he doing? How are you living this lifestyle? What is going on right now? And it’s like, well, here’s what I built. And this is how it all works. And they’re like, well, can I get in on that? Can you take on more people and help me build this thing? So I was just kind of helping people out, getting them into the things that I’d figured out for myself. And eventually when I was like, hey, you should go in this BiggerPockets podcast and go just share with people about asset protection. It’s one part of whether it’s some of the stuff you know. And I didn’t think anything was going to come of it. So I gave up my personal email and phone number into it.

And what happened was I was getting 30 to 40 phone calls a week from investors all over the country. They were like, hey man, I really need help on asset protection and how all these other pieces are supposed to put together. So then that’s where I realized that whatever you want to call, that higher power in life was really tapping me on the shoulder and says, hey, this isn’t all about just hanging out on the beaches and have a good time. You need to be of service to other people, help them be able to walk the path that you’ve walked and get them to that place of being secure and having the true freedom and protection in place for keeping what they’ve work so hard to be able to build. And that’s Royal legal Solutions is now turning and I, we serve all 50 states, we have over 2,000 clients that we’ve helped that are Real Estate Investors and we have about 30 people of attorneys, CPAs, paralegals and support staff.

Scott & I Discuss:
- Leveraging LLCs for asset protection

- Land Trusts to hold assets

- Private Foundations for tax savings

- Strategic planning for building net worth

Relevant Episodes: (There are 220 Content Packed Interviews in Total)
- Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing
- Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy
- Tom Dunkel: Strategies to Build Wealth Through Alternative Assets
- Nick Prefontaine on Positioning Rent to Own Buyers
- Sakar Kawle on Building a 200 Unit Portfolio in Baltimore

Guest: Dani is a 20-year real estate investing veteran with extensive experience in the US market. He has collaborated on nearly 5,000 transactions since 2004 and has helped hundreds of investors cultivate robust property portfolios across a variety of metropolitan areas. Dani's investment strategies have been refined from his experience during the 2008 market downturn, and he now leverages his expertise to help investors at all levels, from novices to seasoned professionals, optimize their real estate investments.

Big Idea: Dani Beit-or shares his 20+ years of experience as a real estate investor. He discusses the need to have each property standalone and pay its own expenses, the power of repetition and reinforcement and the kindness of those in the real estate industry in helping one another. Additionally, Dani explains how he uses his real estate investments as a 401K. This podcast is an invaluable source of advice for anyone looking to venture into real estate investing.

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://SimplyDoIt.net/

View the Episode Description & Transcript Here:
https://reidiamonds.com/dani-beit-or-leveraging-repetition-and-reinforcement-in-real-estate-investments

Dan: Cool. So I’m here in Chicago, listeners know I’m back from Florida, spent the winter there. It was pretty cool. I wish I was still there because it’s not quite done being winter in Chicago yet. But one of the things most of the listeners probably know, I think we were talking about before the show started, so I buy, sell. Buy, fixi and sell, I own rentals, and I do that in Philadelphia, originally. I moved to Chicago in 2015, so I could be near my daughter who was heading into late middle school at the time. So I was like, oh, it’s now or never. She’s back in Philly now at college. I’m still in Chicago. That’s how I ended up in Chicago. And then I met someone who we opened up the Atlanta market and we did a lot around the country.

And I say all that as kind of a setup, Dani. I never would’ve probably left my backyard in Philadelphia because flipping houses, making money. I know the market, the brand, people know me, they’re bringing me deals, my contractors are there, my money partners are there. And I was afraid that when I left, the whole thing would crumble when we would go away now. And I was okay with that if that happened when I got to Chicago, but grace of God, the business grew and things continued in all three areas. So that was my catalyst for looking around the United States at other real estate markets. And we’re now eight years later and I feel like the thing that’s most exciting to me right now is market selection and paying attention to the nuances of this huge variety of markets throughout the United States.

I guess I need the challenge of having to underwrite new markets. But I think it was really cool because I was able to see a market like Atlanta. Seeing like, let’s say 8% to 10% or 12% appreciation for several years. And then a market like Chicago, which maybe it had 3% or 4% and probably a 10% bump during COVID or something like that and there’s opportunities in each of those markets. But I would imagine for buy and hold investors, and I’ll allow you to encapsulate your business model here in a moment, but for buy and hold investors, I’m getting in getting out in a 12-month period or less. So it doesn’t matter how much the appreciation is unless it’s significantly negative one year. But to a buy-and-hold passive investor probably has another career or has a lot of rental properties. That appreciation component’s going to significantly drive or hinder the total IRR. So with that setup, I’ll pass it to allow you to describe what you do in the evolution of your business model.

Dani & I Discuss:
- Making each property standalone and pay its own expenses
- The power of repetition and reinforcement
- Using real estate investments as a 401K
- Selecting the Best Markets to Invest-No Matter Where You Live

Relevant Episodes: (There are 216 Content Packed Interviews in Total)
- The Power of Self-Belief with Ben Reinberg
- Ian Walsh – Leverage Your Real Estate Business with Hard Money
- How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel
- Nathan Krauthamer on Scaling Up to Commercial Deals
- Mike Shapiro on Transforming a Southern California Real Estate Brokerage

Guest:  Dave Wolcott is the Founder and CEO of Pantheon Investments.  After serving the country as a Captain in the Marine Corps, Dave and his wife hit the baby lottery-having triplets.  This inspired Dave to challenge the traditional financial planning advice of Wall Street.   Over the past 20 years Dave has founded several business, invested in alternative assets and created The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra wealthy and having freedom of time, money & relationship.

Big Idea: Dave & I discuss building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://PantheonInvest.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/dave-wolcott-helping-entrepreneurs-protect-and-multiply-their-wealth-through-the-pantheon-holistic-wealth-strategy/

Dan Breslin: Today’s guest, Dave Wolcott, is the founder and CEO of Pantheon Investments. After serving the country as a captain in the Marine Corps, Dave and his wife hit the baby lottery having triplets. This inspired Dave to challenge the traditional financial planning advice of Wall Street. Over the past twenty years, Dave has founded several businesses and invested in alternative assets while also creating the Pantheon Holistic Wealth Strategy, the playbook, to becoming ultra-wealthy and having freedom of time money and relationship.

Today, Dave and I discussed building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Two areas of focus today are oil and gas investing which can generate humongous year 1 tax write-offs and the infinite banking strategy which you may or may not have heard of which is the method of recycling your investment dollar to make it work, at least, twice for every deployment.

Dave: Dan, we quadrupled the size of our family. If you could just imagine that. I know you have kids. You just think about what that does to you.

The first thing I did was have a drink. The second thing I did was go and see my financial advisor and said like, “Hey, how am I going to do this? How am I going to really provide for my family, create this financial security that I really need to?” You just move the goalpost 1 mile down the field. It was at that point in time that it really dawned on me that the top 1% were not building their wealth [inaudible], alternative investments, different things.

I launched down this kind of obsessive path to figure out how the top 1% are building their wealth. I started investing in alternative assets, everything from oil and gas to raw land to office space to retail, multifamily. You name it. I also became a business owner. I created a tech consulting company which I took full cycle and exited. Running a business, I learned a lot of things including taxes and creating a proper tax strategy.

Fast forward twenty years, I wrote my book called the Holistic Wealth Strategy which is really an encapsulation of my learnings over the past twenty years to try to really create this comprehensive system of how can you build your wealth outside of Wall Street and investing directly in Main Street and having this comprehensive system that truly can multiply your wealth as well as protect it?


Dave & I Discuss:

• Achieving exponential wealth with the Holistic Wealth Strategy a 5 Phase Approach 
• How to offset Active income with oil & gas investing 
• Creating a tax-efficient liquidity foundation with infinite banking 
• Take back control by exiting your 401k 
• Repositioning assets for maximum velocity and downside protection 
• Creating a vision to achieve freedom of money, purpose, time, and relationship
  
  

Relevant Episodes: (There are 214 Content Packed Interviews in Total)

• Tom Dunkel: Strategies to Build Wealth Through Alternative Assets
• MC Laubscher on Using the Infinite Banking Strategy to Boost Investment Gains
• Russell Walker on Funding Deals Using NONE of Your Own Cash. (NOT Private Money Either)
• Dave Orloff on Financing Rentals & Fix & Flip Deals
• Dave Lindahl on Multi-Family Investing in Emerging Markets

Guest:  Tom Dunkel is an experienced entrepreneur and corporate finance leader who specializes in value-add self-storage investments, distressed mortgage note investing/dealing, private lending, and private investing in multi-family and self-storage properties.

Big Idea: Tom Dunkel is an experienced alternative asset investor who has completed over $40MM of transactions in fragmented, dislocated markets such as distressed debt and self-storage. He has over 25 years of real estate and investing experience, including $1.2B of middle-market M&A and financing transaction experience. Tom is passionate about helping alternative investors build wealth while improving communities through disciplined real estate investment initiatives.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://belrosestoragegroup.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/tom-dunkel-strategies-to-build-wealth-through-alternative-assets/


Dan Breslin: Tom is an experienced entrepreneur and corporate finance leader who specializes in value add self-storage investments, distressed mortgage note investing in dealing private lending, and private investing in multi-family and self-storage properties. Today, Tom and I are going to discuss this $40 million plus of transactions in fragmented dislocated markets, such as distressed debt and self-storage. Tom also has over 25 years of real estate experience and investing experience, including $1.2 billion of middle market M&A and financing transaction experience.

We’re going to discuss the internetization. Yes, I made that word up. The internetization of real estate as a trend, especially pertaining to the self-storage real estate industry. We’re also going to touch on market selection and of course generating high passive returns. Let’s begin. Hi, welcome to the REI Diamond Show Tom, how you doing today?

Tom: Doing great, Dan. It’s great to be with you. It’s been a long time.

Dan: Yeah, for sure, so for listeners, Tom and I go back to the early days, probably 2006, when we were both dipping our foot into the Philadelphia Regional Real Estate Networking meetings.

Tom: That’s right.

Dan: What a path since then, right Tom?

Tom: I know, man. It’s been quite a wild ride, but I wouldn’t change it for the world. I know about you. It’s been a lot of fun.

Tom & I Discuss Real Estate Development:

• Pitfalls for High-net-worth Investors and How to Avoid Them
• What are the Hidden Risks for Self-Storage Investors
• Why should I Consider Participating in an Equity Syndication
  
  

Relevant Episodes: (There are 213 Content Packed Interviews in Total)

• Tom Shallcross on Building a Portfolio Lightening Fast
• Tom Olson on Turn Key Rentals, Construction, & High Volume Wholesaling
• Johnny Wolff on how to Unlock Passive Wealth with Real Estate and Innovation
• Russell Walker on Funding Deals Using NONE of Your Own Cash. (NOT Private Money Either)
• Getting High Return on Investment through Co-Living Rentals with Johnny Wolff

Guest: Johnny Wolff, Founder & CEO of HomeRoom Coliving. Johnny's passion for making cities more accessible and livable for everyone led him to convert a single-family home to a group home for his friends, which sparked the idea of multi-tenant real estate investing – HomeRoom was born.

Big Idea: Today we are welcoming back to the show Johnny Wolff, Founder & CEO of HomeRoom Coliving! Johnny was previously on the episode 194 to discuss getting high return on investment with co-living rentals, and today we’re building on that conversation as we explore the strategies and techniques to achieve maximum returns from real estate investments and innovations. We'll also discuss how to launch a startup without money or experience, and delve into the major changes Gen Z will bring to the way we live and work, such as delaying marriage and living with friends into adulthood.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://livehomeroom.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/johnny-wolff-on-how-to-unlock-passive-wealth-with-real-estate-and-innovation/

Dan Breslin: Johnny Wolff is the founder and CEO of HomeRoom Coliving. HomeRoom is a YC, that’s Y-Combinator funded real estate management and investment company that has built the technology and team in several well-selected real estate markets throughout the US to allow investors to amplify their real estate rental returns while minimizing vacancy. This can also be done at a distance which we will discuss on the show today. We are also welcoming Johnny back to the show as he was a guest on episode 194, and a lot has happened in that year and a half or so since he’s been on the show.

Today, we’re going to discuss how to get high return on investment with co-living rentals. We also dive deep on how important market selection and deal size can be in generating long-term investment returns and wealth. And we’re going to dive deep on how he and I both think about market selection as well as deal selection. Let’s jump right in. Welcome back to the REI Diamonds Show, Johnny. How are you doing today?

Johnny Wolff: I’m doing really good, Daniel. Nice to see you again.

Dan: Yeah, for sure. So, for listeners who have been around a while, I can’t remember and I will link to the show notes. I think it was about a year and a half ago maybe that we talked. For anyone who maybe didn’t check that episode out yet, why don’t we begin with the quick elevator pitch of business model, if you will, for HomeRoom in the context of the real estate investor audience and why that might be important to them.

Johnny: So, just a really quick two-sentence description is, we help investors purchase homes remotely and rent out each room separately. And the benefits for investors that are going to rent out each room separately and investment property that they buy, is that rents can be substantially higher because you’re chunking down the space, creating additional services for the for the tenants. And so, we’ve seen an average of between 30 and 60% more rent for investors using this model.


Johhny Wolff & I Discuss Passive Wealth:

• Strategies for building passive wealth through real estate investing
• Tactics for launching a startup without money or experience
• Insights into how Gen Z will shape future living trends
  
  

Relevant Episodes: (There are 212 Content Packed Interviews in Total)

• Getting High Return on Investment through Co-Living Rentals with Johnny Wolff
• Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing
• Brandon Schwab on Boutique Assisted Living Homes
• Kirby Atwell on Founding a Luxury Home Investment Company

Guest:  Ray Zhang is a real estate investor who has gone from being homeless when he first came to the U.S. to becoming a remarkable success in flipping land over the last nine years. Today, he teaches others how to succeed in land flipping along with other real estate investments. Join Ray as he shares his secrets to land-flipping success, his journey throughout the way, and even how he uses free tools such as Google Sheets, Zillow, and Redfin to generate profitable deals.

Big Idea: Ray is an expert in land flipping, having developed a profitable approach that allows deals virtually anywhere in the world with returns of up to 1000%. He also uses free resources like Google Sheets, Zillow, and Redfin to run his business on the cheap while still reaping large returns. Furthermore, he has a wealth of knowledge on how to target the right areas and use realtors to close deals.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://landflipinc.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/recession-proof-land-flipping-with-real-estate-investor-ray-zhang/

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin, and this is episode 211 on flipping buildable lots throughout the US with Ray Zhang. If you are into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers. Invite them on the show and then draw out the jewels of wisdom, those tactics, mindsets, and methods used to create millions of dollars or more into the business of real estate.

Today’s guest is Ray Zhang. Now, Ray came to the US from China 11 years ago and pretty much started from scratch. Similar to my own history, my own story. Ray had a history in deal-making before he discovered the power of real estate and then the power of real estate offers larger deals than flipping cars and stuff that was found free on Craigslist, much larger spreads in real estate from making larger deals.

On today’s show, Ray and I discussed in great depth and detail his strategy for selecting markets, selecting mailing lists of valuable building lots in those markets, and even his blind offer strategy for making offers in mass via direct mail. Now, this was a really cool and unique episode for me in that, Ray and I are going to talk through details that I think a lot of people simply wouldn’t have the experience to ask about.

I actually learned a ton here on this episode. I had a blast and I hope that the same is in store for you.

Ray Zhang & I Discuss Recession Proof Land Flipping:

·         Land Flipping Success

·         Blind offer strategy for making offers in mass via direct mail

·         Strategy for selecting markets, selecting mailing lists of valuable buildable lots

·         How to use free tools such as Google Sheets, Zillow, and Redfin to generate profitable deals

Relevant Episodes: (There are 211 Content Packed Interviews in Total)

• How to Buy Land with No Money Down with Mark Podolsky
• Jim Huntzicker on Buying REAL DEALS through the MLS
• Austin Stack on Being Drafted onto the Diamond Equity Team
• Austin Stack on $1M in 14 Months

Big Idea: 1031 exchanges can be used to defer taxes and leverage capital when transitioning from one real estate investment to another. With the right strategy, investors can keep their own tax dollars working for them, creating more buying power and limiting their tax obligations. Dave Foster can show you how to unlock the benefits of 1031 exchange real estate investing.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:

https://www.The1031investor.com

View the Episode Description & Transcript Here:

https://reidiamonds.com/unlocking-the-tax-benefits-of-1031-exchange-real-estate-investing/

Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 210 on 1031 Exchange Real Estate Investing to Avoid Taxes with Dave Foster. If you’re in building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors, and other industry service providers. Invite them on the show and then draw out the jewels of wisdom.

Those tactics, mindsets, and methods are used to create millions of dollars and more in the business of the real estate. Dave Foster is an expert in 1031 exchanges. Real estate investors who have mastered the use of 1031 exchanges avoid their investment gains from being taxed heavily at each transaction. The 1031 exchange allows investors to postpone paying income taxes on large real estate profits. This keeps your gains compounding over time, leading to more substantial wealth over time. Think Warren Buffet, who has been a master at Tax Advantage Investing.

Dave Foster & I Discuss 1031 Exchange Real Estate Investing:

●        What are 1031 Exchanges

●        How to Use 1031 Exchanges

●        Trends and Strategies of 1031 Exchanges

Relevant Episodes: (There are 210 Content Packed Interviews in Total)

• Dave Lindahl on Multi-Family Investing in Emerging Markets
• Anna Barsky on Deferring Capital Gains
• Real Estate Development with Karl Krauskopf
• How to Invest in a Franchise Business with Jon Ostenson
  

Guest:  Karl Krauskopf is a multi family real estate investor and developer based in Seattle, Washington.  He is the managing partner of Auroras Investment Group.

Big Idea: Real Estate development, specifically the entitlement process can produce large gains without the risk of construction.  Flipping houses is a great place to start in real estate, but can be challenging to scale.  This is why many real estate developers progress to development of land and larger projects after finding success in single family homes.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.AurorasInvestmentGroup.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/real-estate-development-with-karl-krauskopf/

Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 209 on real estate development with Karl Krauskopf. Karl is a multi-family real estate investor and developer based in Seattle, Washington. He is the managing partner of Aurora’s Investment Group. Real estate development, specifically the entitlement process, can produce large gains without the risk of construction. Flipping houses is a great place to start in real estate, but it can be challenging to scale, which is why many real estate developers progress to the development of land and larger projects after finding success in single family homes. On this episode, Karl and I discussed this as his recent or past transition to larger deals and the same transition that I am currently going through myself.

Karl: Sure. Happily. So, how I got into real estate was probably a little bit different from most folks. I got into real estate. That was 10 years back, I was a veteran and working in the healthcare industry. I was a director of corporate strategy and business development. So, that is where my passion lies, which is really around growth partnerships. How do we basically, how do we grow an entity of business?

And what ended up coming to fruition and what bore the real estate endeavour was my wife and I going into a conversation about wanting to start a family, wanting to have a kid, and what better way to start a side business, which would become my future business, is having a kid. So, spent about six months during my wife’s being pregnant, self-educating myself, really learning how to maximise my income, as well as getting into diversifying my income by adding additional streams of revenue. Decided it was time to take the first leap, which was buying a duplex, a remote duplex across the state from me, and with full intentions of rehabbing, refinancing it, and repeating it. Come to find out that I was not the right asset for that. And now I just spent about $75,000, the majority of my at that time, disposable income in putting it, parking it into a duplex that had no direct path for the refinance. So, I started sweating. I was nervous, didn’t know what to do. We were about to have a baby. So I figured what’s the best next step? Well, the best next step, apparently at the time was to flip a massive home. My first flip ever, it was a hoarder home too. Fantastic idea, right? No, it was awesome. I believe it was four dumpsters’ worth, 440-yard dumpsters’ worth, of junk that we took out of this home. All this direct to say back is, I’m working a 40, 50 hour a week job as well as we just had our newborn, and apparently I’m a glutton for punishment.


Karl & I Discuss Real Estate Development:

• Entitlement Process-Real Estate Development
• Finding Mentors doing Larger Deals
• “Covered Land” play-teardown deals
• The Microsoft Real Estate Market-Seattle, Washington

Relevant Episodes: (There are 209 Content Packed Interviews in Total)

• Land Entitlement Process for Multi Family Development with Reed Goossens
• How to Become a Real Estate Developer with Adam Gilbert
• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden
• How to Buy Land with No Money Down with Mark Podolsky

Guest: Kim Daly is an independent franchise consultant with FranChoice.  She is also the co-author of Franchising Freedom & Mission Matters Volume 5, Top Tips to Success.

Big Idea: Kim Daly is an expert in franchise investment.  Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client’s background, interests, skills, finances and life goals to the ideal opportunity has made her one of the top franchise consultants in the country.   On today’s episode we discuss the way some real estate investors transition from house flipping to owning a portfolio of franchise businesses-which might be a great solution in today’s low inventory real estate market.  We also discuss the process of getting started and then building to scale, where you reap the real rewards of the franchise business.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:

How to Invest in a Franchise Business with Jon Ostenson

View the Episode Description & Transcript Here:
https://reidiamonds.com/franchise-investments-with-kim-daly/

Dan: Love it. I found a quote online. I think this would be a good place to start. I don't know if you wrote this or someone wrote it about you, but it said "She worked as a personal trainer and had medical school dreams before entrepreneurship and franchising found her." Tell me about that.

Kim: That is all true. In franchising, Dan. The question that's commonly asked is, how did franchising find you? Because nobody really wakes up and says, "Oh yeah, I think I'm going to go get into franchising." Right? It's more like you're looking for some outcome in your life and you stumble upon the advantages of franchising and go, "Ooh, this is a way to get where I want to go." That's pretty much what happened to me. There were two things I wanted to do when I was young. One was to become a motivational speaker, but like, how does one do that? You pursue the more logical thing. I was a straight-A student. I'm going to go to medical school and help people. Like I just always desired to be a person of influence, to do something that genuinely improves the lives of other people.

After undergrad, I answered a classified ad in the newspaper that was for a franchise consulting company, not the one I'm part of today. But literally, that classified ad changed my life when I found what franchising as an industry is and does for people, which is, it's an industry of people helping people. It's an industry where every single day people are realizing their dreams, living their dreams, just inspiring, and helping each other. I knew that I had found my homeland. I did make a temporary deviation into entrepreneurship because like every good business owner, I think we all think that we can go out there and do it on our own. I tried to do that for five years and figured out how hard it is and mainly how lonely it is and the things that I now help other people realize and learn about in franchising like that.

In a franchise, you're in business for yourself, but not by yourself. You have the comradery of, not just a corporate office, but all of the other franchise owners that are out there that are part of this brand. Together you are building something. It's like people who go off to war together often talk about the part they miss about being in the military is the comradery, right? People that go through an intense situation together in anything in life, they'll reflect back fondly on the people that they went through that experience. Like if you're bringing a company up to an IPO, right? I think the same thing is true in franchising. We're all trying to achieve our own individual dreams, but collectively we're coming together to build a brand altogether and so it has that same sense of camaraderie. Once I came back to entrepreneurship at the very old age of 29, I'm sorry, but once I came back to franchising at 29, I never left. I've spent 20 years now as a franchise consultant.

Kim & I Discuss Franchise Investing:

• Is Franchising Safe in an Uncertain Economy?
• Why does Franchising Grow in Challenging Times?
• How to Find the RIGHT Franchise for You
• Best Franchise Opportunities in the Market Today

Relevant Episodes: (There are 208 Content Packed Interviews in Total)

• Virtual Wholesale Real Estate Investing with Brandon Barnes
• Economic Forecast 2021 with Paul Sloate
• Jason Balin on Funding Flips in the 2017 Market
• How to Rehab a House the RIGHT Way with Van Sturgeon

Guest: Nashville Tennessee Real Estate Investor Brandon Cobb is the founder of HBG Capital.  He is also a licensed and bonded General Contractor in TN managing more than $1O Million of new development annually.

Big Idea: Investing in Nashville Tennessee real estate is like most of the U.S. at the time of this recording:  Low inventory combined with an insanely inflationary environment.  There is also a housing shortage which has created profitable conditions for residential real estate developers who are capable of building with scarce & expensive building materials and labor.  Not an easy task.  On today’s episode Brandon & I discuss this situation and the system he’s developed to build profitably.  Shall we begin?

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
http://www.hbgcapital.net/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessRealEstateDeals.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/nashville-tennessee-real-estate-development-with-hbg-capital-founder-brandon-cobb/

Daniel Breslin: Today's guest, Nashville Tennessee Real Estate Investor, Brandon Cobb, is the founder of HBG Capital. He's also a licensed and bonded general contractor in Tennessee, managing more than $10 million of new development each year. Investing in Nashville Tennessee Real Estate is like most of the US at the time of this recording, super low inventory combined with insanely inflationary environment. There's also a housing shortage, which has created profitable conditions for residential real estate developers who are capable of building with scarce and expensive building materials and labor, not an easy task.

In today's episode, Brandon and I discussed this situation and the system he's developed to actually build profitably.

Brandon: Yeah, so I could probably speak to Nashville more than I can in the other markets. I know Memphis is a very heavy rental market. Over there, you can still scoop up properties for pretty cheap, but you got to be really careful because your tenant base is if you don't have a good system to processes for vetting tenants, you will get hosed on that. Knoxville, you're probably referring to Gatlinburg and Pigeon Forge, tons of cabins going up Airbnb, right? COVID kind of blew that area up. Everybody wants to go on a vacation, but they're scared of COVID or there's a lockdown. So those areas where you can kind of get the whole glamping experience or cabin experience blew up, that area's phenomenal. The Smoky Mountains are obviously one of the best places to go and hike, especially during the fall when the leaves change. A little tip for everybody, right? If you have not been in the Smoky during the fall, it's great.

Nashville's probably the only city that has gosh, 30, 40 cranes downtown. So you can just look if you just had a picture of three cities, you be able to identify Nashville from those three because it's got a ton of cranes. Nashville's just exponential growth. I think all the national builders are now officially here. They set up shop in the building. That mean, you've got these ginormous developments that are being announced every single year. They just announced one. It was like a $2 billion development over in the Bordeaux area, which is your first development where you're going to have heavy commercial skyscrapers that are kind of outside the downtown core. If you look at Nashville, you get the Cumberland River that kind of rolls through it, and that's sort of your barrier to all these heavy, deep skyline commercial buildings. Well, now, it's starting to get outside of that and it's across the river now. So it's very interesting, and you're going to start to see that area really kind of explode. So Nashville's just a hot, hot, hot housing market. 

Brandon Cobb & I Discuss Investing in Nashville Tennessee Real Estate:

• Nashville Tennessee Real Estate Market
  
  
• Developing Residential Real Estate
  
  
• Lessons Learned from Losing $40,000
  
  
• Getting Past a Bad Deal

Relevant Episodes: (There are 207 Content Packed Interviews in Total)

• How to Find Motivated Sellers with David Lecko
• Economic Forecast 2021 with Paul Sloate
• Fast & Easy Multifamily Lending with StackSource Founder Tim Milazzo
• Kirby Atwell on Founding a Luxury Home Investment Company
• Growing a 1,000+ Unit Portfolio within a 20 min Radius with Jason Pero

Guest: Tim Milazzo is the co-founder of StackSource, a technology driven engine for funding commercial real estate deals of all types.  

Big Idea: Having access tofast & easy multifamily lending, or any other commercial funding, is the first step to scaling a multi-million dollar real estate portfolio.  The commercial loan landscape is extremely fragmented, with many lenders focused on only certain asset types, loan sizes, or other niche spaces at any given time.  StackSource is a national high volume aggregator of lenders, loan types & contacts, providing borrowers the faster method for finding the correct lender for your particular asset type.

    Tim & I discuss how this volume of lenders will put you in a position of strength when you’re funding a deal.  Obtaining multiple, competing loan term sheets can be difficult when you’re buying a commercial deal because of the short timeline to closing.  

The StackSource platform allows you to provide details of your project-whether multi family, industrial, commercial, etc- and then matches your loan type with those lending institutions currently lending in your local market and funding your specific deal type.  The end result is multiple term sheets allowing you to select the best option for your deal.  

This is a contrast to how I’ve bought my last half dozen multi family projects:  calling around asking people I know who is funding this type of deal-then submitting my deal details to that single lender and obtaining one term sheet.  My way is a position of weakness-I am stuck riding with that single lender on that deal.  It’s worked out for me because I’m lucky to have found the right lender for my type of loan.  Shall we begin?

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.StackSource.com/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessRealEstateDeals.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/fast-easy-multifamily-lending-with-stacksource-founder-tim-milazzo/

Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 206 on fast and easy multifamily lending with StackSource founder, Tim Milazzo. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers, invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, methods used to create millions of dollars more in the business of real estate. Having access to fast and easy multifamily lending or any other commercial funding is the first step to scaling a multimillion-dollar commercial real estate portfolio. The commercial loan landscape is extremely fragmented with many lenders focused only on certain asset types, or certain loan sizes, or other niche spaces at any given time. StackSource is a national, high-volume, aggregator of those lenders, loan types, contacts, etcetara, providing you, the borrower, with the faster method for finding the correct lender for your particular asset type.

On today’s episode, Tim and I discuss how this volume of lenders that StackSource has aggregated will put you in a position of strength when you are funding a deal. Obtaining multiple competing loan term sheets can be difficult when you’re buying a commercial deal because of the short timeline to closing. It’s multiple calls to the lenders that you’re googling and they don’t do this kind of asset type, etcetara. Whereas the StackSource platform allows you to provide the details of your project, whether multifamily, industrial. commercial, etcetera, and then matches your loan type with those lending institutions currently lending in that local market and funding your specific deal type. So, the end result is a multiple term sheets allowing you to select the best option for your deal, and then proceed with a complete loan package. And this is in contrast to how I bought my last half dozen multifamily projects which was going around, asking people I know who is funding this type of deal, and then submitting my deal details to that single lender, and obtaining a single term sheet. So, I kind of had no other options if that lender did not work out, and I didn’t really have the ability to shop the deal due to lack of time and lack of contacts. Whereas I didn’t have access to this platform.

So, my way was a position of weakness and I’m stuck riding with that single lender on that deal. Now, luckily, it worked out for me because I found just the right lender for just the right loan type who lends in my market but that’s not always the case, and the challenge can be even greater if you’re investing all over the US.

Tim & I Discuss StackSource & Multifamily Lending:

·         Hottest Sectors in Commercial Real Estate

·         How to Finance Multifamily Investments

·         Obtaining Fastest Rate & Term Quotes 

·         Finding Commercial Funding Anywhere in the U.S.


Relevant Episodes: (There are 206 Content Packed Interviews in Total)

• Joe Mueller, REO Broker & Investor on Picking the BEST Deals for Your Portfolio
• John Matheson on How to Access Commercial Credit
• Dan Breslin on Raising Private Money for Single Family Flips
• Dave Orloff on Financing Rentals & Fix & Flip Deals

Guest (Attorney Galen Hair): New Orleans Attorney Galen Hair is an expert in avoiding rental property insurance pitfalls.  At any given time Galen and his team are involved in helping several hundred people obtain full payment from insurance companies for catastrophic loss.  

Big Idea: Rental property insurance policies are designed NOT to pay out.  Galen Hair & I discuss the process for purchasing a property insurance policy.  I personally own dozens of properties and have flipped well over 1,000, and I’ve NEVER bought insurance with the level of due diligence coached by Galen.  You may not have the insurance protection you believe you bought….

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.InsuranceClaimHQ.com

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessRealEstateDeals.com/

View the Episode Description & Transcript Here:

https://reidiamonds.com/rental-property-insurance-pitfalls-with-attorney-galen-hair/

Dan Breslin: Today we are joined by New Orleans Attorney Galen Hair who is an expert in avoiding rental property insurance pitfalls. At any given time, Galen and his team are involved in helping several 100 people obtain full payment from insurance companies for catastrophic losses. A catastrophic loss would be considered a very large claim usually a fire in the context of us real estate investors. The thing is, many rental property insurance policies are actually designed not to pay out completely in those catastrophic events.

During this episode, Galen and I discussed the right process for purchasing a property insurance policy. I personally own dozens of properties and have flipped well over 1000 and I have never bought insurance with the level of due diligence coached by Galen on today’s episode, you may not have the insurance protection that you believe you bought. Let’s begin.

Alright, welcome to the REI diamond show. Galen, how are you doing?

Galen Hair: I’m great. How are you doing?

Dan: Nice. I am also great. We had like 60-degree weather here. It’s December in Chicago, which is unique for us this time of year. So no one’s complaining about the weather right now. Whereabouts are you recording in from and live and invest in that kind of thing?

Galen: Yeah, so our office is based in New Orleans. Essentially, that’s where I live. Spend most of my time here. Unfortunately though, given my line of work, I kind of have to follow disasters where they are. So I will move around, probably head to the Midwest next week because of some tornadoes that just kind of blew through everything during hurricane season, I kind of moved from Hurricane to hurricane but most of my life and work are in New Orleans. And the weather is crazy in New Orleans if anyone follows that. So I think today, it’s pretty good. It’s like 65. But a couple of days ago we were in like the 30s. So it’s just all over the place.

Dan: So just to kind of give people a little bit of background, if you would touch on maybe some of your real estate experience, and then kind of encapsulate what it is that you do in your business model now and how that fits in for real estate investors listening.

Galen: Yeah, so real estate-wise, I’m definitely an amateur. I do identify properties that make sense for us to pick up kind of in and around the New Orleans area. And what I’ll do is buy those, fix them up and actively rent them out. I find that that’s an easier model for me than flipping, although the markets are pretty good here. It produces revenue. So for me, as long as it’s cash positive, it’s an investment that I’m kind of interested in. But I don’t do more than maybe two a year.

Galen Hair & I Discuss Rental Property Insurance:

·         Rental Property Insurance Policy Pitfalls-written to avoid paying claims

·         How to Make a Claim in the Event of Catastrophic loss

·         Choosing Enough Coverage When Buying a Policy

·         The Sneaky Practice of “Co-Insurance”


Relevant Episodes: (There are 205 Content Packed Interviews in Total)

• 100+ Unit Apartment Syndication with Stephanie Walter
• Making, then Losing $50 Million with Rod Khleif
• REI Diamonds Show with Michael Freedman on Verifying, Reducing, or Even Eliminating Flood Zone Designations on All Kinds of Real Estate
• Andy Shamberg on Property Insurance Fundamentals
• Probate Leads, Data, & Real Estate Deals with Bill Gross

Guest: Chad Keller is a real estate investor, a Facebook and marketing funnel expert, and the Co-Founder of Motivated Leads, a digital marketing agency that helps real estate investors expand their portfolios quickly by generating quality motivated seller leads.

Big Idea: Advertising directly to sellers for off Market deals is one of the most reliable methods for building a real estate agent OR investor business.  Chad & I discuss how to run Facebook & Google ads for motivated sellers.  We also dive into his own experience as a real estate investor with his method on choosing very specific house in very specific reasons to maximize returns.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Resources Mentioned in this Episode:
https://Motivated-Leads.com/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:
https://reidiamonds.com/how-to-run-real-estate-facebook-ads-with-chad-keller/

Dan Breslin: Welcome to the REI Diamond show. I’m your host Dan Breslin and this is episode 201 on how to run real estate Facebook ads with Chad Keller. If you are into building wealth through real estate investing, you are in the right place. My goal is to identify high caliber real estate investors and other industry service providers, invite them on the show and then draw out the jewels of wisdom – those tactics, mindsets, and methods used to create millions of dollars more in the business of real estate. Our guest today is Chad Keller. Chad is a real estate investor, a Facebook and marketing funnel expert and the co-founder of Motivated Leads, a digital marketing agency that helps real estate investors expand their portfolios quickly by generating quality-motivated seller leads.
The big idea here is advertising directly to sellers for off-market deals. It is one of the most reliable methods for building a real estate agent or a real estate investing business. Chad and I discuss how to run Facebook and Google ads for motivated sellers. We also dive deep into his own experience as a real estate investor, with his method on choosing very specific houses in very specific neighborhoods, for very specific reasons to maximize returns. Shall We Begin? Hi, welcome to the REI Diamond Show, Chad. How you doing today?

Chad Keller: Good, Dan. How about yourself?

Dan: I’m also doing well. Yeah, so let’s get started with a little bit of a location stamp. I’m recording from Chicago. What market are you living focused in? And, before we dive into the rest of it, will probably start with real estate stuff. So market location.

Chad: We’re in Pittsburgh, Pennsylvania. We work with investors throughout the nation, but our market specifically is Pittsburgh.

Dan: Okay, cool. Before we get into the real estate topic. I was doing some research on LinkedIn. I think I saw that you had built and sold 3 e-commerce brands. Would you mind just touching on that? Going a little bit of a dive on that before we get started?

Chad: Yeah, that’s pretty much actually how I got into marketing. It was about 8 years ago. I was selling products on Amazon. Facebook was kind of in its heyday where you could really put up anything and have a good product that differentiate itself a little bit. And that’s when ads were so new, ad space was very cheap. You could get like 10 to 15 row ads which is return on your spend on those channel, on Facebook specifically. So I was able to grow e-commerce brand, pretty large and about 18 months off of that one brand. It was actually a brand that we put wood veneer that you put on kitchen cabinets. We put on phone cases, bottle openers, a lot of wholesale and everything. But also then created other brands that would sell those products without the veneer on. So it was like three brands and companies within one product. It’s able to do that acquired. We were making so much money having videos go viral. Reinvesting that money in Facebook so I kind of self-taught myself Facebook from that. And then, started consulting for startups and then get more into market, in certain marketing agency.

Chad & I Discuss Running Ads on Facebook:

·        How to Run Effective Ads

·        Why Spending MORE per Lead is Better

·        Minimum Effective Budgets

·        Mistakes made When Advertising for Seller Leads

Relevant Episodes: (There are 201 Content Packed Interviews in Total)
• Tod Holland on How to Advertise for Sellers with Facebook
• Jack Barry on Building & Managing an Effective & Profitable Real Estate Brokerage Team
• From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus
• REI Diamonds Show with Abhi Golhar on Attracting Off Market Deals & Scaling to Larger New Construction Tract Developments in Atlanta Georgia
• How to Rehab a House the RIGHT Way with Van Sturgeon
• Motivated Seller Leads from REI Radio Advertising with Chris Arnold – Real Estate Investor

Guest: Dr. John Soforic was a once chiropractor with 200k in student debt. He retired at 49 with a retirement income of $240,000. He then wrote a book for his son in college: The Wealthy Gardener: Lessons on Prosperity between Father and Son. The book became an Amazon bestseller, hit #46 worldwide on audible, and has been translated into 6 languages.

Big Idea: Generational Wealth is not just money, equity, or numbers on the balance sheet.   One very critical component of wealth his the knowledge on how to steward that wealth, a critical piece missing from so many estate plans.  John viewed this challenge in his own life as he sought to inspire his 19 year old son to absorb and learn the wisdom he’d discovered over the decade of building his own wealth.  And so The Wealthy Gardener was born.  

I listened on audible myself and then found myself immediately recommending the book to a few friends of mine who are early in their real estate investing career.  I’d describe this book as the “Rich Dad, Poor Dad” for the new generation, but with a greater focus on real estate and the mindsets needed to create a wealthy life.  John and I discuss real estate, my juvenile delinquent past, our shared experience of having a child attend Temple University, and of course his book, The Wealthy Gardener.  Please enjoy this conversation with John Soforic.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Resources Mentioned in this Episode:
https://WealthyGardener.com/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:
https://reidiamonds.com/life-lessons-on-prosperity-with-the-wealthy-gardener-author-john-soforic/

Dan Breslin: Welcome to the R.E.I Diamond Show. I’m your host, Dan Breslin. And this is Episode 200 with Life Lessons on Prosperity with The Wealthy Gardener author John Soforic.

If you are into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers. I’d invite them on the show and then draw out the jewels of wisdom, those tactics and mindsets, and methods used to create millions of dollars or more in the business of real estate.

Dr. John Soforic was once a chiropractor with more than $200,000 in student debt. He retired at age 49, with a retirement income of $240,000 per year. He then wrote a book for his son in college, The Wealthy Gardener: Lessons on Prosperity Between Father and Son. The book went on to become an Amazon bestseller. Hit number 46 worldwide on Audible and has been translated into six languages.

Generational wealth is not just money. It’s not just equity or numbers on a balance sheet. One very critical component of wealth is the knowledge on how to steward that wealth, a critical piece missing from so many estate plans. John viewed this challenge in his own life as he sought to inspire his 19-year-old son to absorb and learn the wisdom he discovered over the decade or more building his own wealth. And so, The Wealthy Gardener was born.

I listened on Audible myself and then found myself immediately recommending the book to a few friends of mine who are early in their real estate investing career. I describe this book as the Rich Dad Poor Dad for the new generation, but with a greater focus on real estate and the mindsets needed to actually create that wealthy life.

John and I discussed real estate, my juvenile delinquent past, our shared experience of having a child attend Temple University and, of course, his book, The Wealthy Gardener. Please enjoy this conversation with John Soforic.

John & I Discuss Life Lessons on Prosperity:

·        How to Pass on Generational Wealth

·        Overcoming Challenges in Life

·        Building a $20K Per Month Portfolio

·        The Wealthy Gardener


Relevant Episodes: (There are 200 Content Packed Interviews in Total)

• Getting High Return on Investment through Co-Living Rentals with Johnny Wolff
• Leverage to Larger Deals Using Family Office Wealth with Richard Wilson
• John Matheson on How to Access Commercial Credit
• How to Find Motivated Sellers with David Lecko

Johnny Wolff is the CEO and founder of the tech company, HomeRoom. HomeRoom is one of the fastest-growing co-living companies in the US. Johnny founded HomeRoom after a career as an analyst in Silicon Valley and then relocating to Austin, Texas, where, in both markets, he actually lived in co-living situations.

Today's discussion centers around how investors can obtain outsized returns by investing in co-living housing. Co-living is a trend where many young people prefer living with roommates for both social and economic reasons. This trend exists throughout the US, and a new industry is arising to provide a professionally managed experience to both the residents and the landlords. Shall we begin?

All right. Welcome to the REI Diamonds Show, Johnny Wolff. How are you doing today?

Johnny Wolff: Good, Daniel. Super happy to be here and thanks for having me.

Dan: Nice. It's an interesting business model. So when the booking agents connected us and floated you as a potential guest, I noticed this like, renting rooms kind of a thing, and it probably would be helpful to hear the origination story. Maybe what was the background, some of your experience, even pre-real estate investing? Certainly, a business model now. And then cap it off with kind of the business model as it stands today.

Johnny: Sure. For the last few decades, I've lived with about fifty different roommates. I think it's kind of ongoing growth. I still live in roommate houses. But it really started after college. I lived in Silicon Valley. I worked in finance for technology companies and startups in the bank. And when you're in Silicon Valley, you rent rooms. You don't buy houses because they're all million dollars.

And so we kind of developed different ways of finding new roommates on Craigslist and betting them, and then having really cool dinner parties. And honestly, our roommate house is like the hub. Some people lived alone, but they were boring. And people that lived in roommate houses, they're the fun ones, and they had the cool stuff going on.

So I move to Austin, Texas in 2015 to invest in real estate more actively. I have been investing in single-family homes in Texas since 2008, which was about a year after I got out of college remotely and wanted to do that up close. And so I moved to Austin, bought a number of properties there in 2015, and turn them all into roommate houses.

And it was difficult to cash flow. It's impossible to cash flow in Austin or very difficult. We can do it with home remodel, but it was pretty hard back then, too, with a standard rental and good area. So by renting by the room, I was able to get a lot more rent, and that enabled me to buy more aggressively while I was down there.

I moved to Kansas City in 2018 to kind of do it again with a different type of property. I kind of think of Austin as a really awesome appreciation potential market, but Kansas City is really stable as it gets cash flow. So I wanted to balance my portfolio.

And then when I moved here, I had a lot more trouble finding roommates than I had in Austin and San Francisco and thought maybe it's about time that someone figures out this whole find-a-roommate situation where it's not through Craigslist or Facebook Marketplace, and it's not sketchy and weird and uncomfortable.

So that's why I started HomeRoom in 2018, and we've, since then, housed over four hundred roommates in Kansas City, Austin, and Dallas. And yeah, we're pretty happy campers on the tenant side. Now, we're partnering with investors to buy these properties in these cities and happy investors as well.

Johnny & I Discuss Getting High Return on Investment with Co-Living Rentals:
• How to Get 20% more free cash flow than conventional rentals
• Tech Stack Developed to Run HomeRoom
• Risks involved in owning Co-Living Rental Property
• Scaling to more than 325 Rooms in Several States

Relevant Episodes: (There are 194 Content Packed Interviews in Total)
• Buying Mortgage Notes Generates 15% + Returns with Brian Lauchner
https://bit.ly/3zto5EE
• Dan Breslin on Raising Private Money for Single Family Flips
https://bit.ly/3eOTrxr
• 100+ Unit Apartment Syndication with Stephanie Walter
https://bit.ly/2W0Xyjp
• Sakar Kawle on Building a 200 Unit Portfolio in Baltimore
https://bit.ly/3But1uF

• How to Profit from the Current Bubble in Land  
• Where the Best Land Deals are Located 
• Finding the Best Buyer for Any Land Deal 
• Knowing Which Land Deals Have Little Competition

How to Invest in Land in with No Money Down-Podcast Episode Highlights

Mark Podolsky, aka, The Land Geek, has been buying and selling land for more than 20 years. On this episode Mark & I discuss how to invest in land. Specifically how to buy land with no money down. His specialty is buying vacant land very cheap-in the $5,000-$20,000 range, closing using quit claim deeds, and then reselling to buyers on terms at nice profit spreads and strong interest rates.

In other words, buy a parcel of land for $5,000, close, then resell immediately for $20,000. The trick is the terms-to that same buyer, Mark would collect $5,000 down and accept payments of around $200 until paid in full. Oh, he also charges interest on the $15,000 balance, so there is some additional profit in the deal long term as the payments roll in.

Mark uses direct mail & software to fire off automatic offers in bulk, allowing the seller to simply sign the agreement should they accept the offer. Using his system, which he shares with his students, he's been able to build a substantial passive income while systematizing the business to run on near automation. Mark's goal is to do a deal per day-or somewhere around 200-300 deals per year.

Buying Raw Land is Only a Good Real Estate Investment Strategy When

The way I see it, there are really only two ways that land investors make money. The first would be to buy land at a low price and then sell at a higher price at some point in the future. This is Mark's strategy as we discuss in depth during the episode. The second way to profit from raw land is to buy the plot of land and then develop the land to increase value-build a house, rezone, or maybe construct a commercial property. This podcast does NOT focus on development, however we have had many commercial real estate developers on the show.

How To Profit from the Current Land Bubble

Covid has superheated the land market. People have been racing to buy land as outdoor recreation, safely away from any virus danger, has become very popular in 2020. What better place to camp, ride dirtbikes, or have an RV than on your own land. There is something seductive about owning land, it always has been.

Mark's buying and selling of land, the strategy of leaving no money in the deal long term-is the perfect way to profit from the current land market. It's all about velocity: buy & sell as quickly as you can. In my own experience flipping houses, the good deals are those that profit. The best deals are those that profit and close quickly! The less time you actually own the land in between the purchase and sale, the lower your risk of losing money or other liability.

You Gotta Avoid the Land Losers...

Some land is simply worthless. Areas such as Pennsylvania & New Jersey are often laden with environmental clean up sites. Old industrial properties with EPA superfund sites which could place the unsuspecting buyer into a huge financial responsibility. You can do quick due diligence on a potential land deal at EPA.gov

Another issue which could make land worthless is no road access. Think about it-you've gotta be able to get to the land you bought without encroaching on someone else's land. I've personally passed on a large number of very cheap land deals because there was no access road.

If you were focused on land that you were going to build, you'd also need to be aware of flood zones, but the deals Mark and I discuss aren't really affected by flood zones. Most of the buyers are using the land for recreation, not development.

Cash Flow from Land Deals

The big takeaway here for Real Estate Investors is that you can take a small amount of seed capital and build your cashflow up to $100,000 or more per y

Mike & I Discuss How to Avoid Capital Gains Tax:

• Passive Real Estate Investing


• How to Invest $100K in Real Estate


• How to Build Retirement Income

Relevant Episodes: (There are 175 Content Packed Interviews in Total) 

• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts


• Investing in Real Estate Using an IRA with Jason DeBono


• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss

Resources Mentioned in this Episode:

www.RedFoxCapital.co

Check Out the Full Archive of The R.E.I. Diamonds Show: https://REIDiamonds.com/podcast/

For Access to Real Estate Deals You Can Buy & Sell for Profit: https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here: https://reidiamonds.com/passive-real-estate-investing-in-real-estate-development-with-mike-brown/

• Why Invest in Jacksonville, Florida Real Estate


• Turn Key Rental Properties Offer Easy Scale


• Build to Rent-Brand New Assets


• Why a “Focused Approach” Beats a “New Markets Approach”

Gregg Cohen, founder of JWB Real Estate, joins us on the show today to discuss turn key investment properties. Real Estate investors in the olden days were limited to investing in their local market-where they could physically manage the tenants, repairs, and any other issues that arise from owning property long term.

In today's world, with the internet and property managers like JWB who offer fully renovated houses with tenants in place, out of state, or even out of the country owners can enjoy cash flow in any real estate market. With so many markets available, let's talk about why I like Jacksonville, Florida, and the reason I sought to invite Gregg onto the show.

My main business is buying & selling houses as quickly as I can. Sometimes completing renovations, sometimes selling nearly as-is, with only minor cosmetics done after we buy the property. Even though I close close to 300 deals per year, when it comes to passive income, I prefer buying turnkey investment properties. I also have no issue with long distance ownership.

The bottom line is that I can scale quickly when turnkey companies are placing tenants and managing the details for me. The extent of my involvement is the heavy lifting on the front end to actually close the purchase: the loan application, signing documents, and providing the 20% down payment.

The Jacksonville, Florida real estate market is attractive to me first for location. There are jobs and population from all over the U.S. migrating to Florida, and Jacksonville's pricing hasn't gotten detached from wages. Normally I prefer market's with 5 Million people or more living in the metro area, but Jacksonville has about 1.5 million. Even though it's smaller than I'd normally prefer, Jacksonville is among the fastest growing large cities in the US.

On this episode, Gregg and I also discuss his brand new construction homes which are built to rent. Turn key rental property investing normally focuses on existing houses: buy a house, renovate a house, then rent to a tenant, before selling the house with tenant to an investor like me. JWB actually began buying lots and building brand new homes for the same purpose: to provide investors with a brand new turnkey rental investment. One note-I have since attempted buying the brand new offering only to find out that they are in very short supply. Somewhat disappointed...

Anytime I consider buying a turnkey rental property, the biggest variable, after location, which affects price is the current condition. I love the idea of a new home-since the entire house is new. That's not usually an option, so I evaluate the home based on it's current condition. Unless you're an expert in construction, the best bet is usually buying recently renovated turnkey real estate investments from the property management company who actually completed the renovation. You still need to to due diligence on the company, the house, & the market before you close the deal.

Many of the houses I've bought "turn key" were simply occupied rentals bought from mom & pop landlords. In those instances, I expect a risky tenant, many repair issues, and a significantly below market price to account for the risk. I understand that long term, my maintenance costs will be very high-when compared to a turnkey investment property purchased through a full service turnkey rental property provider, such as JWB real estate. Please check out the full episode & come up with your own conclusions

• Investing in Real Estate Using an IRA with Jason DeBono https://youtu.be/AnLjrtUovCI


• Flipping Land Remotely for HUGE Profits with Jack Bosch https://youtu.be/XQdSItlbC-Y


• Lead Conversion System for Direct to Seller RE Investors with Dan Schwartz https://youtu.be/e-gpBfN5SU8

https://JWBRealEstateCapital.com

https://REIDiamonds.com/podcast/

https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:

https://reidiamonds.com/jacksonville-florida-turn-key-rental-properties-with-gregg-cohen/

• America’s Economy 2021

• Biden vs Trump Economic Plans Compared

• 2021 Mortgage Interest Rates Forecast

• How is the US Economy Going to Look in 3-5 Years?

Relevant Episodes: (There are 173 Content Packed Interviews in Total)

• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://youtu.be/SqAx_htIySg

• How to Make $100K or More Per Deal with Tucker Merrihew https://youtu.be/WzAxz6hrW_8

• Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams https://youtu.be/yGDvdLAjTxM

Resources Mentioned in this Episode:

https://GreenDrakeAdvisors.com/

Grab Your FREE Copy of "Wholesale Houses 101" and Learn How to Buy & Sell Houses with NO MONEY Down: Go To: www.REIDiamonds.com "Real Estate Investing Jewels of Wisdom"

• Legal Structure of the Deferred Sales Trust


• Conservation Easement: How Donald Trump Avoids Tax


• Sell any Highly Appreciated Asset and Defer Tax

1031 or Like Kind Exchange:

• Defer Tax on the Entire Gain


• Real Estate Investor Tax Strategy


• Short Deadline on Reinvesting Proceeds


• Like Kind-Limits Asset Types

Deferred Sales Trust:

• Avoid Capital Gains on Sale Proceeds


• Real Estate Investor Tax Strategy


• No Deadline on Reinvesting Proceeds


• Works with ANY Appreciated Asset

Relevant Episodes: (There are 172 Content Packed Interviews in Total)

• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://youtu.be/SqAx_htIySg


• Investing in Real Estate Using an IRA with Jason DeBono https://youtu.be/AnLjrtUovCI


• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://youtu.be/JkOsXTAZR2A

Resources Mentioned in this Episode:

Interested in Becoming a Tax Deferral Consultant?

Go to: https://taxdeferralstrategies.com/contact-tax-deferral-strategies/

Schedule a Tax Deferral Consult: https://calendly.com/chris-defertax/tax-deferral-consultant-introduction-phone

https://www.DeferTax.com

http://www.CarlWorden.com/

• How to Find Off Market Deals


• How to Build Your Best Lead List


• How Price & Competition in affects Your R.O.I

How to Find Motivated Sellers-Real Estate Podcast with David Lecko

David Lecko, founder of the Deal Machine app, joins us on the REI Diamond Show to discuss How to Find Motivated Sellers using techniques including driving for dollars, direct marketing to absentee owners and other sellers with distressed property. The Deal Machine is a driving for dollars app that allows users to simply enter a property address while driving through a specific neighborhood, which then processes the public record for the mailing address and triggers a sequence of direct mail to the property owner. In addition to the Deal Machine design and use case, David & I also discuss a few common questions investors have when seeking the best deals in real estate.

How to Find the Best Deals in Real Estate?  

The best deals for a real estate investor to buy are distressed homes. In other word, you have to find deals on houses that need renovations. This is the real estate investors function in in society-to find distressed properties, purchase those properties, and complete a renovation. The end result is a renewal of the neighborhood.

We should identify what is meant by a "good deal" for real estate investors. Anyone buying a distressed property needs to know their numbers: What is the repair budget needed to renovate the property, what is the property worth when complete, and how much can I pay the current property owner for this house and still make a profit? The key here is PROFIT.

The best deals in real estate investing are done directly with property owners who are motivated to sell. This means they are motivated to sell for some reason, perhaps the condition of the house is very poor, or they have to sell very quickly to meet a deadline, or maybe their tenant has stopped paying rent and is squatting in the house. Whatever the reason, the motivated seller has decided they absolutely must sell their property.

So how does one find these motivated sellers?  

Well, by marketing directly to them, of course. Investors & real estate agents often market directly to sellers they believe may have a motivation to sell. While bulk you can purchase a bulk list of motivated seller leads, such as a delinquent tax list from list providers such as PropStream, David describes the higher value of developing a list of much more specific properties by driving for dollars.

What is driving for dollars and how does it work? 

Driving for Dollars is exactly what it sounds like. You're driving neighborhoods looking for distressed houses that would make a good deal for two reasons: the house needs work and the owner might be interested in selling their home. You can use the Deal Machine to track your route, instantly upload photos along with those specific addresses, as well as trigger your real estate marketing right from the road. Then anytime you need another deal, you simply trigger another round of mail to the leads in your Deal Machine App

What’s the Best Way to Find Motivated Seller Leads for Real Estate? 

David's favorite method of finding motivated seller leads is to hire a team of hourly reps to continuously drive neighborhoods and add leads to his Deal Machine of distressed properties. You can quickly copy this scale strategy of driving for dollars by hiring your own team of drivers. Listen to the full REI Diamonds Show episode on the Deal Machine, Driving for Dollars, & finding motivated sellers here.

Relevant Episodes: (There are 171 Content Packed Interviews in Total) 

• Owning & Operating 4,500 Apartment Units with Mark Kenney https://youtu.be/HUMlFhhN6vE


• Benefits of Scaling to $350 Million in Self Storage with Kris Benson https://youtu.be/oX4amIr6hJ4


• From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI

Resources Mentioned in this Episode:

www.REIDealMachine.com

• How to Present Yourself as an Expert


• Why People Prefer Dealing with Experts


• How to Raise Capital for Real Estate Deals

Relevant Episodes: (There are 170 Content Packed Interviews in Total) 

• Lead Conversion System for Direct to Seller RE Investors with Dan Schwartz https://youtu.be/e-gpBfN5SU8


• How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel https://youtu.be/psFd7EfI8R4


• Leveraging Legal Counsel to Grow Your Business with Denice Gierach https://youtu.be/2kXBU4ClEuk

Resources Mentioned in this Episode:

www.SmoothBusinessGrowth.com

• The Current Gold Rush in the U.S. Land Market


• How to Quickly Flip Land Deals


• 3 Types of Land Deals-and the Buyers


• Buying Deals at 20 Cents/Dollar

Relevant Episodes: (There are 168 Content Packed Interviews in Total) PLEASE LINK EACH TO THE CORRECT EPISODE ON YOUTUBE

• Investing in Your LIFE, Not Just Your Portfolio with David Blain https://youtu.be/le-hfNrWByg


• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://youtu.be/JkOsXTAZR2A


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w

Resources Mentioned in this Episode:

www.ReiLandProfit.com

• SEO Strategy to Drive Traffic


• Identifying the Quality Provider


• Make Your Website Pay for the SEO Service

Relevant Episodes: (There are 167 Content Packed Interviews in Total)

• Dan Breslin on How VIP Buyers & Agents Access Secret, Off Market Deals https://youtu.be/8tuYxV5T5cs 


• Steve Werner on Where Have All the $50,000 Fix & Flip Deals Gone? https://youtu.be/GOKaS5dj7mI


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w

Resources Mentioned in this Episode:

www.ArdorSEO.com/reidiamonds

• Self Storage as a Recession Proof Investment


• Opportunity Zones & PACE Funds


• Market Selection Techniques

Relevant Episodes: (There are 167 Content Packed Interviews in Total)

• Owning & Operating 4,500 Apartment Units with Mark Kenney https://youtu.be/HUMlFhhN6vE


• Benefits of Scaling to $350 Million in Self Storage with Kris Benson https://youtu.be/oX4amIr6hJ4


• From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI

Resources Mentioned in this Episode:

www.REILeadMgmt.com

Brian & I Discuss:

• Brian’s Background in Family Office Investing


• Bullish on Office in the Face of the “Work from Home” Pandemic


• Seeking a Risk Adjusted Return


• Why Single Asset Management is Safer than REIT Investing

Relevant Episodes: (There are 165 Content Packed Interviews in Total) 

• Financing Million Dollar Deals Post Covid with Anton Mattli https://youtu.be/9qGLkRB077k


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w


• Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts https://youtu.be/QG04-G6cknU


• Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams https://youtu.be/yGDvdLAjTxM

Resources Mentioned in this Episode:

www.ExcelsiorGP.com

• How to Win in Direct to Seller-Off Market Deals


• Automated Follow Up Systems


• Mindset of High Volume RE Investors


• How to Manage a Large Volume of Leads

Relevant Episodes: (There are 164 Content Packed Interviews in Total) 

• Dan Schwartz on Managing Off Market Investor Deal Flow https://youtu.be/hMdmfniYTM8


• How to Make $100K or More Per Deal with Tucker Merrihew https://youtu.be/WzAxz6hrW_8


• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://youtu.be/SqAx_htIySg


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w

Resources Mentioned in this Episode:

www.REILeadMgmt.com

• Post Covid Commercial Real Estate Market


• How this Compares to 2008


• Deals which are Difficult to Now Finance


• How Underwriting will View Your Deal

Relevant Episodes: (There are 163 Content Packed Interviews in Total) 

• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss


• From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus


• Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti

Resources Mentioned in this Episode:

www.PeakFinancing.com

• Classes/Category of Passive Investor


• Real Estate as a BUSINESS


• Allocation to Real Estate as Asset Class


• When to Seek Financial Advice

Relevant Episodes: (There are 162 Content Packed Interviews in Total) 

• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://youtu.be/JkOsXTAZR2A


• How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel https://youtu.be/psFd7EfI8R4 


• Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts https://youtu.be/QG04-G6cknU


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w

Resources Mentioned in this Episode:

www.BlueSkyWa.com/realestate

www.DavidBlain.com

• Cycle of a Landlord-Move in to Move Out


• Automate every step of the process


• Auto-pay tenants ACH


• Credit Report, Background, & Lease Signing Online

Relevant Episodes: (There are 161 Content Packed Interviews in Total) 

• From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus


• How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel


• Being a Professional Passive Investor with Dr. Jeff Anzalone


• Owning & Operating 4,500 Apartment Units with Mark Kenney

Resources Mentioned in this Episode:

www.Avail.co

• Definition of an “A” Player


• System for Attracting & Onboarding Talent to Stay


• How to Make Better Hires


• Training for the job hired is a Mistake…

Relevant Episodes: (There are 160 Content Packed Interviews in Total)

• How to Make $100K or More Per Deal with Tucker Merrihew


• Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams


• Making, then Losing $50 Million with Rod Khleif 


• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss

Resources Mentioned in this Episode:

www.XP3Talent.com

• Time/Effort Economy vs Value Economy


• Finding Leverage Points in Your Business


• Leveraging an Assistant properly


• The Freedom Formula-Scaling Your Business

Relevant Episodes: (There are 159 Content Packed Interviews in Total) 

• Why Single Family is Better than Multi-Family for Building Wealth with Greg Rand


• Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts


• Get FREE ACH Payment Processing on Rentals with Eachan Fletcher


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti

Resources Mentioned in this Episode:

www.MauiMastermind.com

• Generating Tax Deferred Income using Depreciation


• Bonus Depreciation exceeding all of RE Pro’s Income


• How to do Cost Segregation


• How Cost Segregation Helps You Raise Capital

Relevant Episodes: (There are 158 Content Packed Interviews in Total) 

• From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus https://youtu.be/8v6DqYAvin8


• Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts https://youtu.be/QG04-G6cknU


• From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI 


• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti https://youtu.be/wnLlM0Si92w

Resources Mentioned in this Episode:

www.MadisonSpecs.com