REI045: Real Estate Investing like a Home Inspector with Justin Eaton
Play • 32 min

Episode Resources


Get daily content from Robert on Instagram @therobertleonard

Read this episode’s transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investing

Connect with Justin: Website | Instagram


Real Estate News: Real Estate Investing Podcast
Real Estate News: Real Estate Investing Podcast
Kathy Fettke - Real Wealth Network
Real Estate News Brief - Federal Eviction Ban Extended, Lennar as Single-Family Landlord, Zillow Ends Free Rental Listings
In this Real Estate News Brief for the week ending January 23rd, 2021… another extension for the Federal eviction ban, homebuilder Lennar to become a single-family landlord, and no more free rental listings on Zillow. We begin with economic news from this past week, and the likely return of former Fed chief Janet Yellen as the new U.S. Treasury Secretary. The Senate Finance Committee approved her nomination on Friday the 22nd. The Senate is expected to vote today, and if confirmed, she'll be the first woman to lead the department in its more than 230-year history. www.NewsForInvestors.com Links: 1 - https://www.marketwatch.com/story/yellens-nomination-to-be-u-s-treasury-secretary-advances-on-unanimous-committee-vote-11611328550?mod=bnbh_mwarticle 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-still-high-900-000-in-last-full-week-of-trump-presidency-11611236766?mod=economic-report 3 - https://www.marketwatch.com/story/new-home-construction-activity-soars-to-highest-level-in-over-a-decade-as-builders-rush-to-produce-single-family-homes-2021-01-21?mod=u.s.-economic-calendar 4 - https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales 5 - http://www.freddiemac.com/pmms/ 6 - https://www.cnbc.com/2021/01/20/biden-to-extend-the-national-ban-on-evictions-through-march-2021.html 7 - https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program#:~:text=The%20Emergency%20Rental%20Assistance%20program,local%20governments%2C%20and%20Indian%20tribes. 8 - https://www.thestreet.com/investing/lennar-moving-into-single-family-rentals 9 - https://www.inman.com/2021/01/20/the-end-of-free-rental-listings-on-zillow-is-here/
6 min
BiggerPockets Business Podcast
BiggerPockets Business Podcast
BiggerPockets
92: The 3 Biggest Mistakes People Make During Negotiations with Kwame Christian M.A. Esquire
Negotiation is all around us, whether we see it or not. Whether it’s a business negotiation, an argument in a relationship, or convincing your child to eat their greens, you’re always negotiating. With us on today’s episode is Kwame Christian M.A. Esquire, host of the Negotiate Everything podcast and author of Finding Confidence in Conflict. Most people think you have to be a lawyer to be an expert negotiator. Kwame argues that this isn’t true. Since we are constantly negotiating every day, we have the ability to level up our skills to become experts in debating and negotiating. He stresses that winning a negotiation doesn’t mean beating your opponent so they’re embarrassed at the end. It means giving you AND the opponent the ability to walk away from the situation with a win. Kwame preaches “compassionate curiosity” as one of the best ways to research how an opponent may answer questions you present to them. Tie this with some creative problem solving, and you’ll come out of the debate a winner. As real estate investors, this is especially key to our line of business. We’re constantly debating with sellers, buyers, appraisers and more to get outcomes that benefit us. But how can we suggest an outcome that makes the negotiating partner feel good and presents us with future opportunities? You’ll have to listen to find out! In This Episode We Cover: * Why negotiating isn’t just arguing and how to find wins for both parties * Using “The Empathy Loop” as a tactic to have the other party feel heard * The 3 pillars of negotiation, and keeping them in mind when we debate * The biggest mistakes people make when negotiating * Research vs. preparation (when to use which for what) * Compassionate curiosity and seeing your opponents point of view * Maintaining your “form” throughout negotiation * And So Much More! Links from the Show * Previous BiggerPockets Business Episodes * Finding Confidence in Conflict | Kwame Christian | TEDxDayton * American Negotiation Institute Guides (Gift) * Virtual Negotiation and Conflict Resolution Handbook (Gift) Check the full show notes here: http://biggerpockets.com/bizshow92
1 hr 2 min
The AlphaMind Podcast
The AlphaMind Podcast
Steven Goldstein & Mark Randall
Glen Goodman: The Crypto Trader.
Glen Goodman is a cryptocurrency contributing expert for the London School of Economics and was formerly a Business Correspondent for BBC News and ITV News, interviewing leading politicians, including Boris Johnson, David Cameron and Theresa May. Glen is the author of The Crypto Trader, published by Harriman House. In this Amazon bestseller, he draws on 20 years of trading experience to show how to trade cryptocurrency successfully. Glen's Facebook page, Glen Goodman – The Shares Guy, has a quarter of a million followers. It focuses on teaching people how to invest sensibly in cryptocurrencies and other investments. He is regularly interviewed about cryptocurrency and other business topics for BBC TV & Radio, Reuters TV, Al Jazeera, LBC, The Guardian, The Independent, The Telegraph, Forbes and Newsweek, among others. Glen started trading cryptocurrencies while they were still in their infancy and quickly discovered there were enormous profits to be made. With his trading experience he was able to make those profits – and keep them, while most other traders were losing their money during the Bitcoin crash of 2018. Glen has continued to trade cryptocurrency successfully during the market recovery. You will come across few people with a greater passion and enthusiasm for trading than Glen. His first experiences of trading were in the dotcom bubble. Those first experience, as with so many who enter their trading career in a raging bull market, ended up being a painful one. However, Glen was hooked and was determined to learn how to trade, so that one day he could beat the system. Whilst Glen worked as a news journalist and reporter, he continued to learn how to be a trader. Eventually after a number of years, he hit upon the sort of consistent performance which meant he could commit more time to his passion. Combining his work and his passion for trading led to some interesting incidences. One story Glen tells is of the time he was reporting from the middle of anti-capitalist riots, being surrounded by mobs of anarchists throwing bricks at bank buildings and battling the police, whilst all the time he was busy trading and booking profits on his phone.  These days, Glen is a full-time trader. As you can hear from this vibrant conversation, Glen has great enthusiasm for trading. In this interview, Glen shares his story and his journey into trading, talks about his early experiences, his learning journey and the time when it all started to come together.  We also discuss crypto trading, its challenges and the nature of the crypto which differentiates it from other asset classes. Glen, as you will hear, is refreshingly honest, objective and well-informed about all things crypto. He is not an obsessive ‘hodler’ of bitcoin who believes it’s the greatest thing since the dawn of time, he is just curious about crypto, actively trades it, and is willing to be long when it's bullish and short or out when bearish. To know more about Glen Goodman you can visit his Facebook page: The Shares Guy and follow him on Twitter: @glengoodman Glen’s book: The Crypto Trader is published by Harriman House – details of the book can be viewed here: https://www.harriman-house.com/cryptotrader
1 hr 13 min
Self Storage Income
Self Storage Income
AJ Osborne
Pricing a Storage Unit - How to Know Exactly What to Charge to Increase Value
Welcome back everybody to the Self Storage Income Podcast! This is your host AJ Osborne. Today we have the big daddy of them all… unit pricing. If you own, operate, or are looking at investing in storage, have you every asked yourself: What should you be charging for the units at your storage facility? How do you know what the storage market can handle in your area? How much can you increase the rate of your storage units? What’s the BEST price you should charge for your storage units? If you’ve asked these questions before, you’re certainly not alone. You’d be surprised how many storage facilities we come across that are extremely under valued. They’re not charging the rates they could be. This is a great problem to have as an owner or investor, because you can immediately and simply resolve this issue. Not only that, you can increase your revenue by incredible amounts. This is what we’re going to jump into today. We’re going to cover everything unit pricing and help to answer all the questions you might have in regard to pricing units. To do this, we need to be able to accurately measure supply, demand, how to increase storage demand, value of our tenants (even over time), finding your ideal customer, and much more. One super important thing I want you to take away from this episode is to realize that each and every single one of the storage units at your facility is an individual product. I talk more on this idea on the podcast and why this frame of mind is so important. As always, thanks a ton for all your amazing support everybody. Thanks for listening! AJ Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility. You can also find the Self Storage Income Podcast on: * iTunes * Spotify * Stitcher The Self Storage Income Podcast is Sponsored by: Janus International - https://www.janusintl.com/ Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page Live Oak Bank - liveoakbank.com/incomepodcast
32 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Showdown of The Century (Round 6): Investing in Big Cities vs Small Towns
In this episode, Tom and Emil battle it out in the hotly debated question of whether to invest in a big city or in a small town. --- Transcript Michael: Hey everybody. Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by my co hosts, Tom: Tom Schneider Emil: and Emil Shour Michael: And today we're gonna be having another showdown episode, we're gonna be doing big city versus small town, which do we like better for our remote real estate investing. So let's get into it. Real quick before we get into it, I ate pizza for dinner last night, and it was really hot when I came out of the oven, and I just burned the roof of my mouth. Is that ever happened to you guys where it's just like so raw? Tom: Definitely. I'm very risk averse. When it comes to heating food. I just played safe my microwave. I programmed it to not go for over 30 seconds and if it's something that takes five minutes, I just stand by plugging in 30 seconds and then it's just safer that way. Mouth pain is terrible, like teeth. tooth pain, anyways, yes, that sucks when you burn your mouth. Michael: I'm just an adult baby like, you don't break your mouth. So for those of you who don't know, or who have never listened to a showdown episode, what we're gonna do is we're gonna debate big city versus small town. And then we're going to swap sides. And so the person who took small town is going to have big city and vice versa. So we get to hear the CO hosts pro and con argument for both big city and small town so we get the full viewpoint and vantage point for how they think about these things. And I can see them both frivolously I don't know if that's the right word writing down notes. copiously taking notes. Tom; I'm not doing it for those frivolously. Michael: Frivolously! Alright, so Emil, are you taking big city or small town first? Emil: I am going to take big city. And when we talk about big city here, before we get into it, let's define that for audience. What are we defining as a big city? Are we talking a Los Angeles and New York, a Chicago? Are we talking secondary cities, tertiary cities? Michael: I'd say secondary and tertiary cities. Tom: I'd say big cities, let's say the 10 biggest cities in the United States. So like, I'd say, Atlanta, Orlando, Houston, Dallas, New York, LA, those ones, what do you guys think? I mean, I'm just kind of shooting from the cuff here work. But the little cities got to be little, little cities. You know, I think the middle middle ground is off the table. Michael: I don't want to have ever heard of the cities that you're talking about. Tom: Indianapolis, you're not in this debate. Emil: So we're not going to go into like which city in particular, but just in general, in general, like big population cities. So the top 10 are New York, Los Angeles, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego. That's interesting, Dallas and San Jose. So that's the top 10 markets. And then we'll cover the other end of the spectrum where you're just talking about like, you know, a small town in Michigan or something, for example, right? Michael: Yeah, yeah, perfect. Emil: So I'll take a large city to start perfect, Tom, you're on small town. Tom: Beautiful. Michael: And Emil I want to give you the floor first. So tell us why you are such a big fan of big cities. Emil: I'm not a big fan of big cities, but I'm gonna pretend to be for this show. Michael: So for the debate for the debate. Emil: To me, there's three that really stand out. So those three are population, rent growth and appreciation potential. So in bigger cities, you have a lot of people, meaning you have a lot of tenants, which is good. As a residential real estate investor, I want to know my tenant pool is large, that's a good thing. For me, that means I have a lot of tenants. Good to know. The second one I mentioned is rent growth. So typically, in larger cities, you know, Los Angeles in New York, some of those top 10, we mentioned, you're just going to see much higher rents than you would in a small town. And I don't know if we've covered it on the podcast before, but the lower your rent is on a monthly basis, the way I like to look at it is you have a smaller margin of error. So sometimes you will see like a 50 or $60,000, home that rents for five 600 bucks. And they're like, Oh my god, the cash flow. And the numbers look amazing. But what they don't realize is one big expense can really wipe you out in terms of cash flow for the year, because a roof costs what a roof costs, have it fixed. And so when your rent is low, yes, it could look good. If everything goes right all year, your yield will look great. But in reality, you'll have those big costs come up and they'll crush your cash flow. So in larger markets, your rent is higher and your rent growth is typically higher as well, because populations big It's a place where there's a lot of demand, a lot of people live there. So rent growth, you typically can see go higher. And the third one is appreciation potential. So those larger cities, that's a lot of times when there's a bull market, that's where you're seeing a lot of the appreciation happening like meaningful appreciation, right? You buy a property that's worth $500,000 in it goes up 10% now you just made 50 k in equity, let's just say same 10% on a $75,000 home, you only went up seven grand right? So just your equity, growth potential through appreciation is just going to be much lower. So to me, those are the three things that really attract investors to big cities. Michael: Does any of that thought process thesis change? Because of COVID? Emil: I don't know. I mean, yes, it does, like I live in Los Angeles. And I know that rents have actually declined, especially in multifamily, because a lot of people have either left the city to go to the suburbs or moving out of state or whatever it is. So I know rent growth and multifamily has gone down population. I mean, that's what's affecting it right. There's just less demand for housing gear. So that's driving rent wrote down, but on the flip side, right now, appreciation is skyrocketing in California, because rates are so low. And this isn't for multifamily, right multifamily is based on how the acid is performing. So if you have lower rents, the cap rate is going to be higher, which means you're gonna have a lower price when you want to sell it. But coupled with that low interest rates, so it hasn't really affect like even multifamily values have gone up as well, it's kind of been negated by low interest rates. So on one end, it's hurt cash flow. But on the other end, you know, I've heard that a lot of La multifamily like their net worth is skyrocketed because of all this appreciation. Michael: Good to know Tom, your rebuttal? Tom: Three letters, two words, baby ROI, cash flow, when you go to that small town to buy, well, first of all, small town, just a great way to live, you know, slower paced living. But let's get back to the discussion, I digress. So your returns traditionally are going to be significantly higher on a cash flow basis. In this smaller towns, if you look at just the ratio of the rent to the price of the home, it's going to be higher, there's going to be higher returns. Now true. There's some downside of typically, there are smaller economies. But if you're looking to get in and looking at these returns as a gross yield, as cap rate, smaller towns are gonna find higher returns. And the reason for that, I think a big reason for that is there's just less competition when you go into these big cities like the Phoenix is and the Dallas's there are these huge institutions that have these fancy calculators that are buying houses all the time, when you go to these small towns, there's not that competition. So you as an investor, being a hard working smart person that you are, you can go evaluate houses and not…
24 min
Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#307: Urban Development, Giving Back, and Much More! -with Adrian Washington
Adrian Washington is the CEO and founder of the neighborhood development company. Adrian has more than 30 years of experience in urban real estate development, construction, and management. Since founding NDC in 1999 he has led the development of over 1 million square feet of real estate in the Washington DC area with an active pipeline of another half-million. NDC is also a partner in the District’s City Center DC project and in Baltimore’s State Center project. From 2005 until early 2007 Adrian took a leave of absence from NDC to serve as the President and CEO of the Anacostia Waterfront Corporation (AWC), which is the entity charged with leading the redevelopment of the city’s Southwest and Anacostia Waterfronts, including Nationals Stadium, the Yards, and the Wharf. Adrian grew up in the city’s Anacostia neighborhood and is a lifelong resident of DC. He is a graduate of Stanford University and Harvard Business School. Quotes: “We like variety from both an economic portfolio balance perspective, but also from an interest perspective. I’ve done this for a while now, I want to have that variety and my team likes different kinds of projects. So, we do for-sale condos, market-rate rental buildings, market-rate commercial buildings, and we also do affordable housing because it’s a good business, but it’s also a good way to give back.” “The supply and demand imbalance, if anything, has gotten worse for the buyer. The prices have gone up tremendously there (single-family homes) and the selling cycle has gotten shorter, and for the condo project we had, the same type of thing." Highlights: 3:24- Adrienne talks about his background and how he made his way into the real estate space 11:03- Adrienne tells us about what he builds to keep and builds to sell 16:09- Adrienne talks about the impact of COVID in the area that he does his business in 19:45- Adrienne tells us about the most rewarding project that he’s ever been a part of Guest Website: https://www.neighborhooddevelopment.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
33 min
Be Wealthy & Smart
Be Wealthy & Smart
Linda P. Jones
High-Yield Dividend ETFs
Learn which high-yield dividend ETFs are performing the best. The chart is here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required Extending the holiday offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here. PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible! Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
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