Beating Alpha

Ellis moved to San Diego, CA immediately out of college to start a Christian non-profit focused on serving the city of San Diego through leader and spiritual development at the college level. He saw first hand the challenges, particularly in regards to funding, for non-profits like his own, and began to search for his own ways to create wealth in order to support the ventures he was involved in. Ellis is passionate about investing in wealth-producing vehicles for long term financial growth and life-changing impact.    

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#EllisHammond #CashFlow #Multifamily

Watch this episode on YouTube: https://www.youtube.com/watch?v=AVOt2WZFXBk&t=10s

The talk never gets boring when you are with Matthew Baltzell, who is a real estate analyst and a team member of the Boardwalk Wealth, a private equity firm located in Dallas with 1257 units under management. He is responsible for market research, due diligence, acquisitions and investor relations. He participates in identifying, analyzing and advising in all phases of the acquisition process and he's also a host of Real Estate Journeys Podcast.  

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#MatthewBaltzell #Multifamily #RealEstateJourneys

Watch this episode on YouTube: https://www.youtube.com/watch?v=uAgIgYIYR5E&t=39s

Holly Williams is one of the nation’s leading Syndicated Multifamily Real Estate Investment experts with 20+ years of experience and having in excess of 100M in real estate investments to her credit. Tune in to this phenomenal interview to hear Holly where she shares her real estate investment knowledge.  

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#HollyWilliams #KeepMore #Multifamily

Watch this episode on YouTube: https://www.youtube.com/watch?v=3e_LaYPQ0-I&t=1s

In today's podcast episode I am very excited to talk with founders of Pro Equity Solutions LLC, Kayla, and Carmello, where they have been in real estate since 2010 with several years of experience in property management.   Kayla is passionate about tenant/investor relationships and focuses on the acquisitions of our properties. She implements the daily operational procedures for our multifamily properties ensuring fluid progression and minimizing tenant and property complications.    Carmello is a medical professional and an active realtor.  He specializes in negotiations and marketing and is currently making progress toward the expansion of Pro Equity Solutions LLC.   

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#KaylaPronesti #CarmelloPronesti #ProEquitySolutionsLLC

Watch this episode on YouTube: https://www.youtube.com/watch?v=gQ1pUW7gWUE&t=10s

Mike Vann has been investing in real estate for almost 20 years throughout Arkansas and Missouri and has built a $6M+ personal portfolio across multiple asset classes, consisting of Single Family, Small Multifamily, Apartments & Commercial properties. Growing up in the family construction business has given him extensive experience in both doing the work and in project management. Mike shifted his focus from solo investing to apartment syndication in 2017 and has since been involved as a General Partner in acquiring almost 1000 units in Kansas, Arkansas, Oklahoma, and Texas with a total purchase volume in excess of $50M.  

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#MikeVann #Multifamily #CashFlow

Watch this episode on YouTube: https://www.youtube.com/watch?v=eI9lnoLwE7g&t=405s

I had a fantastic time while talking with NiChaun Tanzie-Brooks who is a real estate investor with 5 assets consisting of 2 small multi-families, 1 single family, mobile home and an Airbnb, owning, and managing alongside her family. She has been currently investing for 2 years and she is inspired to build her portfolio throughout Georgia and expand to other neighboring states. As you will see in this interview, she is a passionate individual with a desire for growth both professionally and personally.  

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#TanzieBrooks #Investor #RealEstate

Watch this interview on YouTube: https://www.youtube.com/watch?v=SoT_uibIxbU&t=243s

It's important to remember that some people will only come into your life for a reason or a season. The idea of leaving someone behind does not mean that you never speak to them again unless they are just truly toxic, but it means that you now define for yourself how you will allow them to utilize your time, energy and resources, if at all.  #Wisdom #Energy #Learning

Watch this episode on YouTube: https://www.youtube.com/watch?v=YoBbtKVXRYA&t=13s

To calculate the property’s ROI:  Divide the annual return ($9,600) by the amount of the total investment or $110,000. ROI = $9,600 ÷ $110,000 = 0.087 or 8.7%. Your ROI was 8.7%.  Calculating the ROI on financed transactions is more involved. The down payment needed for the mortgage was 20% of the purchase price of $20,000 ($100,000 sales price x 20%). Closing costs were higher, which is typical for a mortgage, totaling $2,500 upfront. You paid $9,000 for remodeling. Your total out-of-pocket expenses were $31,500 ($20,000 + $2,500 + $9,000).  There are also ongoing costs with a mortgage: Let's assume you took out a 30-year loan with a fixed 4% interest rate. On the borrowed $80,000 ($100,000 sales price minus the $20,000 down payment), the monthly principal and interest payment would be $381.93. We’ll add the same $200 a month to cover water, taxes, and insurance, making your total monthly payment $581.93. Rental income of $1,000 per month totals $12,000 for the year. Your monthly cash flow was $418.07 monthly ($1,000 rent - $581.93 mortgage payment).  #ROI #RealEstate #Underwriting

Watch this episode on youtube: https://www.youtube.com/watch?v=3EH5CsDgAEU&t=9s

After you have narrowed down your search to one property, it’s time to make an offer. This is where your real estate agent will carry the load and where you will need your pre-approval letter to go with an earnest money deposit. Your offer should be contingent on an appraisal and on your financing.  This means that the property must appraise for at least the agreed-upon sales price, or you don’t have to purchase the property. This also means that if you were honest on your application and your loan doesn’t get approved through no fault of your own, you’ll get your deposit back.  Generally, your deposit is a “good faith” deposit, which takes the property off the market for you. Typically, 5% to 10% of the purchase price is a common deposit amount for some properties and it’s given to your agent to put in an escrow account until settlement. At that time, the title company disperses it to the seller.  An offer on a multifamily property usually has more contingencies than an offer on a single-family home because you’ll need to complete due diligence on the property’s rental history. This due diligence is a set time period, often 15 days, that the buyers will receive the rent roll, tenant payment history, utility bills and other reasonable documents that they can request and examine before deciding if they want to continue with their offer.  #RealEstate #Contract #Underwriting

Watch this episode on YouTube: https://www.youtube.com/watch?v=F95wPPn2rrw&t=3s

Just starting your journey in real estate? Good. If you have the capital to acquire deals, you can find people who have experience in your real estate space and leverage that or if you are starting with 0 you need to add tremendous value to those people and put in the work hours, it doesn't have a baby steps, but some steps just can't be missed.  

#BabySteps #RealEstate #Newbie

Watch this episode on YouTube: https://www.youtube.com/watch?v=m7Z68QkkHKg