Accredited Income Property Investment Specialist (AIPIS)

Jason has received a number of complaints about Quentin Kearney and Results Property Management. He interviews Bobbie O'Hare to get the inside scoop of what's really going on. Bobbie has been looking directly at the Results Property Management books and has noticed a number of vague invoices. She is also having a hard time getting direct answers from the management company, which is delaying her investigation even further. 

Key Takeaways:

[2:05] There are lots of clients coming to Jason with complaints about Results Property Management. 

[5:00] Results Real Estate invoices were incredibly vague and non-descriptive. 

[6:35] The company could not provide Jason with simple receipt copies from the vendor and did not know who the vendor was who did the work. 

[15:05] Bobbie thinks the company is charging higher HOA fees and homeowners are unknowingly subsidizing the apartment fees. 

[29:15] What other discrepancies did Bobbie find during her investigation? 

[37:35] All of the invoices Bobbie received looked wrong. 

[40:40] Bobbie can't talk to her own management company anymore, because they know she's building a case against them. 

[47:00] Results has been known to intimate other management companies so that they stay away. 

[50:55] Bobbie is trying to combine a number of cases against Results to make the case even stronger. 

Mentioned In This Episode:

Quentin Kearney - Results Property Management. 

Abby Shemesh of Amerinote Xchange has overseen countless of buy and sell transactions in the mortgage note business. Abby talks to Jason on why purchasing mortgage notes is the best thing next to generating yield, key mistakes to avoid, and the importance of getting a third party property appraiser.

Key Takeaways:

[2:00] San Francisco’s real estate is becoming a big bubble.

[7:15] Banks are being too strict in lending money to potential investors.

[10:10] Do your due diligence when buying notes.

[14:45] Don't ever go with a recommend appraiser by the seller, burrower, or broker.

[16:40] Get an attorney and consult your accountant before you purchase a note.

[18:00] Selling notes are not for everybody. You still have other options.

[20:15] There's still no software for to accurately calculate note prices.

[22:30] Make sure the company you're dealing with has an internet presence and get them on the phone.

Mentioned In This Episode:

www.note-buyer.net

Abby Shemesh of Amerinote Xchange has overseen countless of buy and sell transactions in the mortgage note business. Abby talks to Jason on why purchasing mortgage notes is the best thing next to generating yield, key mistakes to avoid, and the importance of getting a third party property appraiser. 

Key Takeaways:

[2:00] San Francisco’s real estate is becoming a big bubble.  

[7:15] Banks are being too strict in lending money to potential investors. 

[10:10] Do your due diligence when buying notes. 

[14:45] Don't ever go with a recommend appraiser by the seller, burrower, or broker. 

[16:40] Get an attorney and consult your accountant before you purchase a note. 

[18:00] Selling notes are not for everybody. You still have other options. 

[20:15] There's still no software for to accurately calculate note prices. 

[22:30] Make sure the company you're dealing with has an internet presence and get them on the phone.  

Mentioned In This Episode:

www.note-buyer.net

Lance Edwards is the president of First Cornerstone Group and the author of How to Make Money in Small Apartments. He talks to Jason on the ways you can find great deals, why you should always have a management company, and much more on today's show.

Key Takeaways:

[1:50] Why are small apartments so great?

[6:50] Lance explains how the market cap rate for the metro area can indicate if it's going to be a good cash flow market or not.

[10:45] How do you find a good management company?

[15:20] Lance explains how you can find a good list of potential sellers.

[18:25] Lance offers three price options for sellers.

[25:30] – For Jason's listeners, Lance is giving his book away for free.

Mentioned In This Episode:

http://www.irem.org/

loopnet.com

corelogic.com

prospectnow.com

freeapartmentsbook.com

Lance Edwards is the president of First Cornerstone Group and the author of How to Make Money in Small Apartments. He talks to Jason on the ways you can find great deals, why you should always have a management company, and much more on today's show. 

Key Takeaways:

[1:50] Why are small apartments so great? 

[6:50] Lance explains how the market cap rate for the metro area can indicate if it's going to be a good cash flow market or not. 

[10:45] How do you find a good management company? 

[15:20] Lance explains how you can find a good list of potential sellers.   

[18:25] Lance offers three price options for sellers. 

[25:30] – For Jason's listeners, Lance is giving his book away for free. 

Mentioned In This Episode:

http://www.irem.org/

loopnet.com

corelogic.com 

prospectnow.com 

freeapartmentsbook.com

Daniel Miller of Fundrise talks to Jason Hartman about his real estate crowdfunding platform. He talks about how Fundrise got started, why traditional real estate developers are going through crowdfunding platforms, and much more on today's show.

Key Takeaways:

2:10 – Daniel talks about how Fundrise got started.

5:30 – Fundrise now provides funding for commercial real estate developers.

11:15 – Why do real estate developer go to Fundrise and not a bank instead?

19:08 – When Daniel first started Fundrise, there was a huge resistance among traditional real estate developers.

22:05 – Daniel believes the investment world will be experiencing the same shift the publishing world experienced.

Mentioned In This Episode:

Fundrise.com

Daniel Miller of Fundrise talks to Jason Hartman about his real estate crowdfunding platform. He talks about how Fundrise got started, why traditional real estate developers are going through crowdfunding platforms, and much more on today's show. 

Key Takeaways:

2:10 – Daniel talks about how Fundrise got started. 

5:30 – Fundrise now provides funding for commercial real estate developers. 

11:15 – Why do real estate developer go to Fundrise and not a bank instead? 

19:08 – When Daniel first started Fundrise, there was a huge resistance among traditional real estate developers. 

22:05 – Daniel believes the investment world will be experiencing the same shift the publishing world experienced. 

Mentioned In This Episode:

Fundrise.com

Salvator Buscemi is the author of Making the Yield, a managing partner in Dandrew Partners and runs the Oasis Fractionalized Real Estate Equity. Mortgage Brokers took to the streets to get funding for homes in pre-foreclosure and that was the start of the real estate crisis. Investing with short money people (those who invest $50,000 and under) can be costly to the entire deal. Jason and Salvator agree on most things and being cynical is the best way to be in business.

Key Takeaways:

[1:48] Hard money lending uncovered

[5:32] No exit strategy on Sub-prime loans

[6:30] Funds to buy other funds

[7:59] Inexperienced fund managers

[11:50] 10 commandments of investing

[13:15] The rack rate secret

[15:28] Operator should be local to the asset

[19:00] Crowdfunding

[20:40] Short money?

[23:59] Federal Reserve’s no yield environment

[27:25] Massive interventions by Govt’s and Central Banks

[30:50] Resume of Bernie Madoff and others

[32:45] It’s all political

[34:20] Golden Age of Real Estate

[35:15] Intimate money management

[37:16] Fund Manager should skin in the game

[40:00] Where are you in the capital structure?

[42:52] Makingtheyield.com, 1st 20 are free

Mentions In This Episode:

Dandrew Partners

Oasis Fractionalized Real Estate Equity

Making The Yield - Book

Caliber

jasonhartman.com/store

Salvator Buscemi is the author of Making the Yield, a managing partner in Dandrew Partners and runs the Oasis Fractionalized Real Estate Equity. Mortgage Brokers took to the streets to get funding for homes in pre-foreclosure and that was the start of the real estate crisis. Investing with short money people (those who invest $50,000 and under) can be costly to the entire deal. Jason and Salvator agree on most things and being cynical is the best way to be in business. 

Key Takeaways:

[1:48] Hard money lending uncovered

[5:32] No exit strategy on Sub-prime loans

[6:30] Funds to buy other funds

[7:59] Inexperienced fund managers

[11:50] 10 commandments of investing

[13:15] The rack rate secret

[15:28] Operator should be local to the asset

[19:00] Crowdfunding

[20:40] Short money?

[23:59] Federal Reserve’s no yield environment

[27:25] Massive interventions by Govt’s and Central Banks

[30:50] Resume of Bernie Madoff and others

[32:45] It’s all political

[34:20] Golden Age of Real Estate

[35:15] Intimate money management 

[37:16] Fund Manager should skin in the game

[40:00] Where are you in the capital structure?

[42:52] Makingtheyield.com, 1st 20 are free

Mentions In This Episode:

Dandrew Partners

Oasis Fractionalized Real Estate Equity

Making The Yield - Book

Caliber

jasonhartman.com/store

Scott Sharpe comes with an impressive resume in racing and has moved on to the real estate crowdfunding business. He and his team buy notes in bulk and then sell each individual note on KC iFund website. Scott talks to Jason about how the website works, what kind of returns an investor can expect to see, and more.

Key Takeaways:

2:00 – Scott shares a little bit about his background and experience.

6:20 – Investors can put in as little as they want and still earn the same percentage as the larger investor.

10:10 – KC iFund co-invests with the investor who has purchased a note from them.

12:40 – Scott talks about his partner's experience in the note industry.

14:25 – KC iFund only invests in first position performing and non-performing notes.

15:10 – RealInvest.com allows unaccredited investors to participate in real estate investing.

Mentioned In This Episode:

KciFund.com

RealInvest.com