WS740: The Most Important Thing Is To Have A Plan with John Stoj
24 min

We find ourselves in the middle of a pandemic and a highly turbulent year, the kind of instability that good planning can go a long way in easing. John Stoj, financial planner and advisor, is here on the podcast today to talk about his work helping clients make better decisions for their future. After working on Wall Street and starting a sushi delivery business, John made another pivot into the advisory space in order to help more people and spread useful information on how to secure their finances with good investments.

Our gracious sponsor:

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Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#298: Agriculture, Investing Abroad, Co-ops, and So Much More- with Evie Brooks
This week’s episode of the Real Estate Investing for Cashflow Podcast features Evie Brooks. Evie is a Real Estate Investment Educator, Keynote Speaker, Investor, Coach, Mentor, Entrepreneur, and former Advanced Trainer for “Rich Dad Poor Dad”, who now specializes in “All Things Panama”, including real estate and organic agriculture investments. With over 24 years of real estate investment experience, she’s educated and guided thousands of investors through the process of locating, evaluating, and analyzing transactions for cash flow and ROI (Return on Investment) in 13+ countries and 30+ states in the United States. During the global pandemic, Evie continues to close deals every week, primarily due to the soaring demand for organic smart farming investments in Panama, where 85% of the food is imported. Quotes: “After watching and seeing a lot of investors really happy with the returns that they were seeing on this, I was like this is a really good opportunity because food is going to become more and more in demand and airable land is becoming less and less available, and therefore creating a higher value for that land.” “Co-op is what most people in the agriculture business know. A co-op is where a big broker that has accounts around the world with go out and find smaller farmers collectively in places such as Peru that are growing, but they don’t have the connections nor the volume to be able to deal with the big boys (whole foods, etc.) so the broker will come in and co-op with all those small farmers to buy the food from then they will ship it and carry it out to the rest of the world.” Highlights: 4:11- Evie gives her background and how she got started in investing abroad 13:46- Evie tells us about the different types of investments that she’s involved with in Panama 15:55- Evie explains the mechanics of co-ops in an investment sense 23:10- Evie tells us about the risks and tax benefits of the agriculture industry abroad Guest Website: https://eviebrookspanama.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
37 min
Get Rich Education
Get Rich Education
Keith Weinhold
320: Wealth Destroyers: Inflation and Taxes with Tom Wheelwright
Learn how to keep insidious thieves from stealing your wealth - taxes and inflation. Higher taxes = lower inflation. I tell you why. The IRS does not recognize inflation in regard to capital gains. I discuss property tax, income tax, and sales tax state-by-state. Many coastal states have high property tax and income tax; southern states have high sales tax. A recent Harris poll showed that work-from-home types value saving money on lunch and gas more than being with their family or having extra time! (Geez.) Subscribe to our Don’t Quit Your Daydream Letter here. Tom Wheelwright joins me. Tax brackets are marginal, so use your childrens’ lower tax brackets. The last dollar you earn is taxed at your highest taxable rate. The first dollar of a tax deduction comes off your highest taxable rate. Tax credits beat tax deductions. Reducing your property tax can be fairly easy. Resources mentioned: Connect with Tom: www.Wealthability.com Show Notes: www.GetRichEducation.com/320 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
41 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 241: What to Say to Potential Multifamily Investors – With David Kamara
What is the best way to approach the conversation with potential multifamily investors? How do you communicate the benefits of investing in apartment buildings over other asset classes and assure them that their money is safe with you—even if you’re new to the space? David Kamara is the Founder and Managing Director of Cape Sierra Capital, a multifamily syndication firm out of Ann Arbor, Michigan. He has 15 years of investing experience in the real estate space, getting his start with a portfolio of residential single family and duplex units before transitioning to apartment buildings and townhome communities. Today, David owns 200-plus units and serves as a mentor on the Michael Blank team. On this episode of Apartment Building Investing, David joins cohost Drew Whitson and I to explain how he coaches his mentoring students to approach the conversation with potential investors, describing how multifamily isn’t subject to the same risks as single family rentals. He weighs in on what helps aspiring syndicators believe in their ability to succeed, exploring how knowledge helps us visualize what’s possible but action is key in making it real. Listen in for David’s insight on getting your priorities straight and learn how underwriting to cashflow makes multifamily a good investment no matter what’s going on in the world. Key Takeaways What David’s been up to since his last appearance * Find competitive deals with good return for investors * Develop personal cashflow formula (free eBook) * Share knowledge through platform, mentoring What helps aspiring multifamily investors believe it’s possible * Knowledge (i.e.: understanding of loans, taxes) * Personality open to learning new things How COVID changed the way David talks to investors * Proactive in reaching out to investors * Open about potential for no distributions How COVID has impacted David’s underwriting * Assume minimal rent increases for next 3 years * Take on longer, fixed-rate debt (HUD loans) * Prepare investors for longer hold periods David’s advice around market timing * Don’t worry about things can’t control * Plan for same cap rate at sale, focus on cashflow * Choose markets with job diversity How David coaches his students on talking to investors * Explain cash-on-cash return and appreciation * In control of both factors with multifamily Why David invested in the Platform Builder Incubator * Eventually run out of investors as business scales * Attract high-income earners, serve more people * Accelerate growth (program tailored to syndicators) David’s plan to produce content consistently * Write blogs on common questions * Considering podcast as medium David’s advice for aspiring multifamily syndicators * You have to start (buy something) * Prioritize what’s important in life * Hustle to find deals Connect with David Kamara Cape Sierra Capital David’s Free eBook: Personal Cashflow Formula Resources Learn More About Michael’s Mentoring Program Register for Michael’s Platform Builder Incubator Join the Nighthawk Equity Investor Club David Karmara on Apartment Building Investing EP182 HUD Loans HubSpot Michael’s Health Crisis on Apartment Building Investing EP230 LoopNet Realtor.com Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
42 min
Kevin Ward's YES Talk | Real Estate Coaching and Success Training for Agents
Kevin Ward's YES Talk | Real Estate Coaching and Success Training for Agents
Kevin Ward
YesTalk-226 - How to Blow It With A Perfect FSBO Text Script
Go to https://mastery.yesmasters.com/powerpack to get the best core scripts that will give you more leads, listing, and sales. _____ What do you do when a FSBO is way off the mark with what he would take for his property? The FSBO is off on price because nobody has helped them understand what the right price is. And if you decide to not talk to them because they’re unrealistic about price, when the time comes that they’re ready to move…you’ll miss the chance to be the agent that helps them. It doesn’t matter how unrealistic they are about the price. What matters is their MOTIVATION. Use the initial FSBO text message script to get them on the phone, so you can follow up with the FSBO script and identify their motivation. …because that’s the one moving part when it comes to winning with FSBOs. Get your of the Agent Power Pack https://mastery.yesmasters.com/powerpack that includes the 2020 edition of the FSBO Script and the FSBO Text Message Script. Also, don’t forget to join the YesMasters Facebook Real Estate Success Community if you want to learn how to get more YES without the B.S. Get more exclusive real estate agent trainings here 👉 https://YesMasters.com Learn How To Get More Real Estate Leads, More Listings, More Sales, with Less Resistance 👉 https://yesmasters.com/freebook Kevin Ward is a real estate coach, speaker, and trainer at YESMasters.com and #1 Bestselling author of "The Book of YES: The Ultimate Real Estate Agent Conversation Guide."
13 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Michael Zuber's Brilliant Strategy for Raising Private Capital
In this episode of Weekend Wisdom, Michael Zuber shares his strategy for employing private capital. Catch Michael Zuber on YouTube at One Rental At a Time. --- Transcription Tom: Happy weekend, everybody. This is another episode of Weekend Wisdom on The Remote Real Estate Investor. On today's episode, we have author and thought leader Michael Zuber, he is the author of One Rental At A Time, he also has a podcast and a YouTube channel. Definitely worth checking them out. And today we talked to Michael about his methodology of raising private capital. I love it. I think it splits the risk and the upside, he does this thing called a 6-20. And I'm gonna let him explain. Michael, let’s hear it. Michael: Yeah, so one of the things that if you're a real estate investor that is often thought of is the holy grail is raising private money. Now, I believe raising private money needs to be done correctly, I think you need to give it the respect it needs. There are lots of checks and balances. And you must understand the process, the rules of the road, all of that. But the beauty of it is once you understand private money, and you have a track record, you can orchestrate a private money package that works for your lender, which is a friend or family member, and yourself. And I've done two things in my career. And where I raised millions of dollars back in 2010. Just to set this up, people were frightened, and I was paying 10% interest for the entire purchase price of property because lending or savings rate was less than 1%. Much like it is today. People were so scared, but I had documented my success back then. It wasn't YouTube. It was actually a blog, which I wish I kept, but I let it go. But that blog allowed me to attract millions of dollars because I was documenting what we were doing buying. It was BRRRR before it was BRRRR, right? I'm sure Brandon Turner saw something I was doing because I was posting on bigger pockets all the time. And it became BRRRR right, buy a dump, fix it up, rented refi with, in my case, private money and do it again, which now he calls Burr. But now what I've done in the last couple of years is the market has changed. Real estate is sexy again, in 2010. Nobody wanted to touch it. But real estate sexy today. So what I found today is people aren't really interested in 10% interest, of course, they will take it. But they what they want is they want a piece of the action, right? They want part of the profit. So what I've done is I've devised a six and 20 program where I again, borrow 100% of the purchase price. And now instead of paying 10% interest, I'm paying six annualized, right, so it's 100 grand is 500 bucks a month. But what I do is I give him 20% of the profit. So when I'm out of a property in 120, or 160 or 200 days, they not only get monthly checks, because I pay monthly like a mortgage payment, which is the 6% part. But they will get 20% of the audited return, which when you annualize everything I've done have the millions of dollars I borrowed, everybody's got an annualized return to date, an excess of 20%. And again, it's all secured, right, your first trustee, your name down insurance just in case it burns down, I invest all the capital repairing it. So my dollars are at risk first. It's extremely safe thing. But the key to this program is I listen to the private money investors first. I didn't just create it, I went back to the people who lent me millions of dollars before and said, What do you want? And they're like, hey, that 10% was cool, but you cashed me out? Right? That was cool. I lasted but once you could get a loan you did because 6% is lower than 10. And I wish I was still getting 10 Well, like sorry, Yo, 10s Hi. I don't want to take 10 forever 10 times, but like, Well, we'd love to piece of the action. So I'm like, Okay, well, how do you feel about 20% because I'm doing all the work, I'm finding the deal. And they're like, cool. So I'm like, Great, well, let me give you 6% now because that's what I can get from banks. And I'll give you 20% of the upside, they're like Sign me up, let's let's do it. So the six and 20 was born and again borrow millions of dollars doing it. Tom: I love that model just in that you know the same value that you have with real estate because you're having the the ongoing cash flow, which is that 6% plus all the upside of the appreciation and all of that it's, it's beautiful, it's beneficial for you because you're coming in at 6% right away or anyone else that you know, using this similar type of a model. It's incredible, brilliant. Michael: I mean, I love to talk about it because of what the investor gets but I'm a nice guy, but I'm not not going to give the farm away. Right my investors annualized return is 20% My annualized return is over 80% right because all I bring in is a repair money in my monies in shorter and when we exit you know my return on repair money is often much bigger than the purchase because if I purchased it for 120 I might put in 30 or 35 so if i net 20 on the out and they get you know whatever that would be six plus the cash flow I mean yes they get great returns but let's be clear I'm winning also. Tom: Yeah, Emil: When you say exit is that usually cash out refi or was it sale? Oh, today's market would be a sale owner occupants are buying things hands over fist. So if they want to overpay I will let them Tom: Get out of the way. Yeah, Michael: Get out of the way. There you go. Tom: If you enjoy the episode, enjoyed the podcast, please subscribe and give us a rating and have a great rest today. Happy investing
5 min
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