JF2284: How a Passive Investor Vets an Apartment Deal Part 1| Vetting The Team | Actively Passive Investing Show with Theo Hicks & Travis Watts
Play • 28 min
Today Theo and Travis will be sharing their knowledge on how to vet the team before entering a real estate deal with them. They discuss this matter from a limited partner (LP) position. Since your real estate investment is illiquid, you need to consider the long-term implications of this business relationship. You’ll be communicating with your partners over the next 3-5-10 years, so you’re much better off finding out about who they are, what they do, and how they do it early on. This episode is part 1 of the series “How a Passive Investor Vets an Apartment Deal”, focusing on the most commonly asked questions about real estate deals. The other parts will focus on vetting the market and the deal itself. We also have a Syndication School series about the “How To’s” of apartment syndications, and be sure to download your FREE document by visiting . Thank you for listening, and I will talk to you tomorrow.   for more info on groundbreaker.co
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 248: Grow Your Investor Base & Raise Millions in Days – With Jeff Anzalone
So, you’ve done a multifamily deal or two, and your friends and family are maxed out in the money department. You’re ready to take on bigger and bigger deals, but you’re struggling to raise capital. What is the best way to grow your investor base? Dr. Jeff Anzalone is a full-time practicing periodontist and the creator of Debt-Free Doctor, a platform designed to help doctors and other high-income professionals generate passive income from real estate so they can STOP trading time for money. Jeff started his blog to share how he paid off $300K in student loan debt. But once he was debt-free, Jeff shifted his focus to investing and acquiring streams of passive income through multifamily syndications. Today, he is raising millions in days for real estate deals. On this episode of Apartment Building Investing, Jeff joins cohost Patricia Sweeney and I to discuss how the Debt-Free Doctor has evolved, explaining how he creates content consistently and what he does to promote the platform and grow his investor base. Jeff walks us through the benefit of joining his Passive Investors Circle, describing how he gives doctors and other overworked professionals options for earning passive income. Listen in to understand how serving his audience inspires Jeff to keep going and learn how he raised $2.7M in five days for his latest multifamily deal! Key Takeaways What inspired Jeff’s interest in real estate investing * Wrist injury on ski trip inspired interest in passive income * Successful people had real estate, 3 to 9 income streams Jeff’s first experience with real estate investing * Discovered crowdfunding with Realty Shares * Relied on website and lost $50K How Jeff’s website has evolved over the years * Began as diary on getting out of student loan debt * Now educates high-income earners on real estate How Jeff got into raising capital for real estate syndications * Sponsor reached out because of blog and podcasts * Started Passive Investor Circle (raised $2.7M for deal) Who Jeff serves through Debt-Free Doctor * Doctors, other high-income earners (accredited investors) * Overworked professionals looking for options What Jeff has done to grow his list * Site for physicians shared articles and boosted traffic * Capture addresses with Passive Investor Circle The benefit of joining Jeff’s Passive Investor Circle * Free Passive Income Guide and series of emails * Learn about deals Jeff invests in, set up time to talk How Jeff comes up with content ideas for his blog * Topics he reads/hears about online and on podcasts * Keyword research for subjects that will rank How Jeff produces content consistently * Write between patients * Inspired by being able to serve, change lives What’s next for Jeff and his real estate platform * Start podcast, speak at in-person events * Create own event or write book Jeff’s advice for syndicators struggling to raise capital * Determine the ONE thing (grow investor base) * Delegate or don’t do anything that doesn’t do that Jeff’s advice for aspiring platform builders * Invest in marketing platform, calculate ROI * Don’t reinvent wheel Connect with Jeff Anzalone Debt-Free Doctor Jeff’s Passive Investors Circle Jeff’s Free Passive Income Guide Resources Register for Michael’s Platform Builders Incubator Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Realty Shares Dave Ramsey FinCon The Blog Millionaire The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan Robert Kiyosaki Grant Cardone Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
40 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#148: The Mad Fientist on Pursuing Your Dreams After FI
Episode #148 - Brandon Ganch (aka the Mad Fientist) saved his money and left a career as a computer programmer in his early 30s to pursue a life of early retirement. In this interview with Coach, he shares some of the highs and lows of his journey (including disillusionment & depression). He also shares some tips on how he would have done things differently and how to build a life around learning and skill development, which currently means pursuing his dream of becoming a musician (he's even releasing an album! see link below). Links from the Mad Fientist: Pre-order the album - https://www.madfientist.com/album Mad Fientist's investing portfolio - https://www.madfientist.com/my-portfolio/ Ultalearning podcast - https://www.madfientist.com/scott-young-interview/ Emotional ups & downs of FI journey - https://www.madfientist.com/happiness-through-subtraction/ Withdrawal rate article - https://www.madfientist.com/safe-withdrawal-rate/ 💲RENTAL PROPERTY ANALYSIS🏘️ My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (includes my spreadsheet):https://www.coachcarson.com/RPA __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
1 hr 9 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Investor Coaching: Get Out Of Debt The Smart, Easy, And Fast Way
It doesn't have to take you years to get out of credit card debt. Here is the strategy I used to get out of debt fast and THEN invested in real estate for passive income. Get out of debt and use those credit cards to your benefit. The debt snowball is the best way to get out of debt fast. Get the Free Real Estate Investing Course: https://www.masterpassiveincome.com/freecoursep Join the Real Estate Wealth Builders Investor Membership https://www.masterpassiveincome.com/buildersp My Website: https://masterpassiveincome.com // WHAT TO WATCH NEXT How to Become Successfully Unemployed: https://youtu.be/wx5Ke9KVs58 Get Money For Investing in Real Estate: https://youtu.be/u4IY5UMDkrI How to Start Investing In Real Estate: https://youtu.be/fJVOeSgXZRQ How to Analyze a Real Estate Investing Deal in 5 Seconds: https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business: https://youtu.be/B9RzLkAZI9s How to Use Owner Financing to Make Loads of Money: https://youtu.be/qAOpCOWvj6Q //BEST REAL ESTATE INVESTING RESOURCE LINKS Find Off Market Properties: https://masterpassiveincome.com/propertysearch Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Accurate Rental Rates: https://masterpassiveincome.com/rentometer Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ Join our free private Facebook group! https://masterpassiveincome.com/group NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
8 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Simple and Effective Organizational Tips For Real Estate Investors
In this short episode, Tom and Michael share their file organization strategies to ensure pain-free access to all the documents you might need as an investor. --- Transcript Tom: Greetings, and welcome to The Remote Real Estate Investor. Join with me today is, Michael: Michael Albaum. Tom: On this episode, we're going to be talking about the folder structure we use to organize documents. So a very pragmatic and practical weekend wisdom. All right, let's do it. As I mentioned, this is a more practical episode of weakened wisdom. And this content is brought to you by Roofstock Academy. This is directly out of some of the coaching session conversations that we have some of the templates that we have, we're organizing documents. So this is a great kind of sneak peek behind the veil of some of the content and type of coaching stuff that we do within Roofstock Academy. Excellent. So whenever I buy a new property, this is the folder structure that I like to use within each property, a folder for tracking or having ready on hand the purchase and sale agreement, the tax bills that come in any marketing collateral, like photos that was perhaps collected during the inspection that I can have on hand to share with my local property manager from the transaction, a copy of the lease and historical leases, the closing statement, the insurance documents, as well as the loan documents and the property management agreement. So a bit of a mouthful. So Michael, any thoughts or other comments on here? Michael: Yeah, totally. So I think that's a really great way to organize things. So what I do, and I just pulled up my one of my folders, and I'll kind of give everybody listening, a walkthrough of what that looks like. So because I purchased mostly inside of LLCs. And I'll often form a new LLC for property purchases, I'll have all of the LLC documents. So first off, on my desktop, I have something called real estate. And then inside of real estate, I have all the LLC folders. And then within the LLC folder, I have the formation docs for that LLC. So the operating agreement, the articles of incorporation, Articles of Organization, all that all the formation documents, then I'll have property specific information that I can drill down to in property folders inside of the LLC folder. And so like you, I have the closing statement, all of the marketing materials for that particular property, all the due diligence materials for that particular property, and I'll call that property docks. And then I break mine down into, I have additional folders where I'll have that year, and then insurance and that year and taxes. Because those things aren't static, they're not constantly evolving, but on an on between year to year there, they can be changing. And so I know that if I have to go pull my most recent property insurance Doc, I'll go to 2020 property insurance. And then I can also track it from 2020 2021 to 2022 and see what's been changing and can kind of compare and contrast those quotes. And then also have folders. I have one right now that I'm working on a refinance. And so I have a refinance folder. So all of the things that I need to refinance that property are going into that folder. So bank statements, income statements, tax returns, all that kind of stuff goes there. And then if it doesn't work out with this particular lender, if I go to refinance with another one, I've got most of the stuff I need there, I'll just have to update bank statements and brokerage account statements, all that kind of stuff. So that's kind of how I have mine broken down. And then I'll put things in multiple places. I was just joking with my wife the other day, I'm a bit of a hoarder. I'll admit that Tom: Digital hoarder Michael: Physical and digital hoarder, yeah, by all means. Tom: So you need some Marie Kondo in your life, does it bring you joy? Michael: Well, we just spent like, all weekend, this past weekend, getting rid of stuff. And that was a pretty liberating feeling. So I've tried to do that digitally as well. But so I'll put things in multiple places. Because I know if I can't find it, I can just go to a couple different folders and find it. So like, I have another folder that I titled taxes. And again, I'll put the year so for my 2020 taxes, I had a folder where all of the things I knew were going to be part of my tax return or needed for my tax return, I'll put there like property tax statements like insurance documents that show how much premium was paid. And so all kind of double dip and put things in a number of different places for myself. But I think that was a really long and drawn out explanation. Tom: No it was great. Michael: I have those same documents on hand that you do the leases and the invoices for that property, essentially, any document associated with that property will be at least in that property folder, and it might be in a subfolder in and of its own. Tom: Yeah, you know, and if you don't want to get you have like a million different folders. Another way to organize this just to make sure that you have all the documents because sometimes it could be kind of silly having a folder with just one document in it is to have a spreadsheet and then a checklist verifying that those documents are in sort of the the single folder. So a couple of other documents that we left out that we could include is that you have a warranty a home warranty, you are going to want that easily accessible for, you know, hopefully you don't need it. But if you do need it, other ones is major work that was performed perhaps an invoice that's going to be helpful come tax time. And you know if perhaps something, let's say you have work done on a water heater, and then a month later, there's some issue with the water heater, right? So that that kind of gives you some ammunition of going back to the company that did the work saying like, Hey, I just paid for this. Why am I you know, why is it not working? So having that stuff it pays it pays to not be a digital hoarder, but be digitally organized. Being a digital hoarder just makes it take longer. Michael: Yes, it really does. It really does. And something that I've done I know I've talked about in other episodes is I've got a master Excel spreadsheet with every property that I own inside of every LLC. So I'll have the LLC name at the top, and then the properties in that LLC. And just all of the expenses that I pay personally, are logged in that sheet. And so I've got a record of them on the property Doc, if somebody needs to see that I've got a record for myself to know that I have to give this to my CPA at the end of the year. And then I also have a record showing kind of globally, what that picture looks like, how much did I if somebody said, Hey, Michael, how much you spend on insurance in 2020, I could spend about three minutes and tell you just totaling up from all the different LLCs how much I spent. So that level of organization is helpful for me, I find that to be really useful. Not everybody will and everybody can, I would encourage everyone to develop their own system, because not everybody learns the same, not everybody works the same. So figure out what works for you. Maybe that's QuickBooks, maybe that's paper documents, you know, a filing system that works for you. So play around with some different stuff. But I would definitely say develop really good habits at the onset, when you've got one or two or three properties because those systems are going to be you're going to rely on them a lot more as soon as you start to scale. Because it does become a little bit more cumbersome if you haven't developed something from the onset. Tom: And a lot of these templates is a great benefit in Roofstock Academy, and that we have a lot of these kind of pre baked templates for, for this type of stuff, the spreadsheets and, and all of that great stuff. Go ahead Pierre, you were saying… Pierre: The photographe…
10 min
Wealth Labs with Garrett Gunderson
Wealth Labs with Garrett Gunderson
Garrett Gunderson
148. How to Buy Cryptocurrency for Beginners (UPDATED Ultimate Guide) / Ask The Money Nerds
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode! In this episode of Ask the Money Nerds, Garrett, Amanda and a new Money Nerd, Logan talk through how to get started in the crypto space. The idea of using cryptocurrencies and Bitcoin in our daily lives is starting to become more commonly discussed across the globe. Is it time for you to consider getting into one of these currencies? And if so, how do you get started? Today, our guest is crypto-expert, Logan Sunday. He gives you the scoop on getting started with crypto and how you can dip your toe into the world of crypto if you are new to the space. *** If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews! Check Out Garrett's Books: Killing Sacred Cows - https://amzn.to/2lMbX1i What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book Connect with Garrett: Facebook: https://www.facebook.com/garrettbgunderson Twitter: https://twitter.com/GBGunderson Instagram: https://www.instagram.com/garrettbgunderson LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/ Website: https://wealthfactory.com/
14 min
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