Big Mike Fund Podcast

It is my pleasure and privilege to have minister, private lender, and real estate broker, Lee Arnold, with me on the podcast today. He is coming to us from beautiful Coeur d’Alene, Idaho. In this episode, we’re talking about hard money lending, real estate trends, and our best real estate advice.

Minute Markers:

01:32 – Who is Lee? What does he do and what is his background?

03:35 – Lee’s hard money lending business and the “Circle of Wealth”

05:57 – Why Reg A+?

10:35 – Modern real estate trends

16:45 – How to deal with the more aggressive loans and compressing yields

22:07 – Mike’s opinion of where the economy is heading, as a whole

29:59 – Lee’s best investment advice

33:30 – Lee’s reading recommendation

36:05 – Where to find Lee

36:23 – Lee’s best piece of advice

40:23 – Thank you for listening to the Big Mike Fund Podcast

Quotes:

 “We have something here what we call the circle of wealth. The circle of wealth is where we want to educate people first. That’s what my info marketing business is. It’s about educating people in the right ways to invest in real estate, the right types of real estate to invest in.” – Lee

 “I do predict that we’re going to start seeing real estate values dropping. I’m seeing more and more realtors sending out these $10,000 price drop emails. This is happening all over the nation from what I’m seeing.” – Lee 

“The job of fund managers is not to foresee the future but to prepare for different conditions. If you can prepare for the good, the bad, and the ugly, that helps you quite a bit, no matter what happens.” – Mike

Resources:

Lee Arnold, Website

The Goal: A Process of Ongoing Improvement Kindle Edition by Eliyahu M. Goldratt, Amazon

Today it is my pleasure to have Lance Peterson on the show. He has quite a unique platform in real estate since he comes from a background in technology. Because of both of those passions, he also has his own software for investors called Marko. We talk about what he does as admin for a real estate administration as well as who his typical clients are. 

Minute Markers:

01:14 – Who is Lance? What does he do and what is his background?

03:12 – Who are Lance’s typical clients?

06:14 – What capital do you have in the administration?

06:58 – In-house versus Outsource funding

10:50 – Lance’s software, Marko

15:00 – The difference between administering funds versus syndications

17:54 – The annual audit process

22:00 – Lance’s best practices

26:00 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Lance Pederson, LinkedIn

Redwood Real Estate Administration, Website

Audible, website

Capital Attraction: The Small Balance Real Estate Entrepreneur’s Essential Guide to Raising Capital by Matthew Burke, Amazon

Today I have the pleasure of talking with Cory Boatright, a marketer, negotiator, and member of Collective Genius Mastermind. Cory’s wisdom, experience, and friendship is greatly appreciated. 

Cory and I talk about the ups and downs in the world of investing, business, and entrepreneurship by maximizing your genius zone and strengths and teaming up with the right people. The multifamily space is not a one-man show. It takes a team to get a deal.  

Minute Markers:

01:00 – What’s new in the world of Cory on the personal side?

03:30 – What’s new in the world of Cory on the business side?

04:00 – Making more in the multifamily and commercial space through mastermind partnerships

06:54 – The key to finding deals is to find a distressed property or distressed seller

09:35 – Boots on the Ground: Is a good strategy to go local and befriend brokers?

13:15 – Understand the game by building a team with people who have done deals

15:09 – Multifamily Motivation: Lawsuits and lifestyle

16:49 – Property management company will make or break your asset

19:16 – Ignorant Money: Financing makes a difference with low interest rates, high sales price

22:27 – “You never want to over pay just to get the deal.”

24:35 – Million-dollar Difference: Price you agree on via LOI will likely change before closing

25:43 – How to value assets

26:33 – Increase Rents, Decrease Expenses: Two ways to make money in multifamily game

29:30 – Multifamily advantages include cash flow and minimal tax liabilities  

33:40 – Reaching out to Cory Boatright

36:40 – Thank you for listening to the Big Mike Fund Podcast

 

Resources:

Cory Boatright, Website

Cory Boatright on Facebook

Cory Boatright on Instagram

Investing Capital Group

Apartment Evaluator

Collective Genius Mastermind

Today I have the pleasure of talking with Rob Levy, who has been in the Real Estate business for 30 years. While some people think of it as a going down sector, Rob and I think of it as a land of opportunity. It’s a little bit of all contrarian play in the space retail and America’s going through a transformation in that sector. Today Rob and I talk about how we can take advantage of great pricing and market, balance in the market.

Minute Markers:

00:45 – Who is Rob and what is his background?

04:24 – Why the good old shopping centers are still interesting and why they provide a great investment opportunity

08:00 – What kind of cap rates are you able to get today in retail

11:30 – Value: buying significant reductions to replace the cost

12:42 – The typical value add strategies in the retail sector

15:21 – Other strategic angles

20:00 – How Traffic and Population Growth plays a part in the retail sector

24:49 – Opportunities in the retail sector and possible future shifts

28:30 – Reaching out to Rob Levy

31:16 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Rob Levy, Website

Today David Phelps from the Freedom Founders and I will be talking about real estate funds. We will do a quick overview, talk about what the big picture is (in investing in real estate), and where we’re going today with funds. 

Minute Markers:

01:30 – Disclaimer

02:00 – Who is David?

03:43 – Freedom Fighters

04:30 – David’s book, “From High Income To High Net Worth”

05:25 – All about Mike

06:35 – A little bit about different types of investing

08:41 – “What should I invest in first?”

10:40 – Public versus Private Funds

13:06 – Security as trade and exchanges

14:05 – Fund Objective and Investment Philosophy

19:00 – Risk-adjusted return

21:08 – Does the given fund live in quadrant one

22:58 – Diversified versus focused funds

24:20 – Open-ended versus closed-ended funds

27:19 – Equity versus debt versus debt and equity funds

31:12 – Income versus growth versus growth and income funds

37:27 – Who determines what the value is of the various assets in a fund

41:30 – “How do investors receive unrealized gains?”

43:30 – Long term gains and short term gains

46:58 – Income and growth investing

49:54 – Summary of the Tempo Opportunity Fund

54:48 – Freedom Founders

56:42 – Final Thoughts and Thank yous

57:18 – Thank you for listening to the Big Mike Fund Podcast

Today I’m talking to Ryan Parson who is out on the road on the Motorhome and Money Tour for Mile Marker Club. We’re chatting about what the Mile Marker Club is, how to invest your money, learning along the way, and about what you need to consider when you are investing for the first time.

Ryan is the Founder and Chief Investment Officer of the Mile Marker Club as well as its parent company, Heritage Capital USA. As well as providing its members with a larger pool of dollars with which to invest, attracting bigger, better deals and opportunities, the Mile Marker Club also provides its members with a curriculum of wealth education materials.

Minute Markers:

00:39 – Hi Ryan

00:56 – What’s new in the world of Ryan?

02:44 – Why Ryan started the Mile Marker Club

06:04 – What is the Mile Marker Club?

09:53 – Portfolio and Investment Goals

15:57 – The First Steps to Investments

16:52 – How the MMC Helps You Build Your Portfolio

20:00 – Continuously Learning

21:45 – Preach a lot of change, Change one thing at a time

22:06 – Mile Marker Symposium Event Review

22:42 – People need to learn together

22:57 – Are you investing to learn or learning to invest?

23:40 – “It’s lonely at the top.”

26:01 – Build the policy and constantly update

29:28 – Loss Reserves

30:29 – Infinite Return

33:06 – Common Equity

35:26 – When will you be done with the deal?

37:32 – Open-ended funds

37:57 – Final Thoughts and reaching out to Ryan

39:15 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Ryan Parson, Heritage

Mile Marker Club

On today’s episode, I’m talking with economist and trader, Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategy. Frances is also a frequent guest on both CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. We’re talking about economic policy and what’s going on in the stock market. 

Minute Markers:

00:32 – Introductions

01:50 – Frances’ background

03:36 – Where the stock market is now

04:07 – What is inflation?

04:33 – Late cycle

06:43 – Repo operation

08:00 – The P is historically high

09:18 – The valuation stretch

09:49 – The mechanisms of debt

11:35 – The big reversion

13:00 – Defining inflation

14:37 – Deflation

16:33 – Raising rates too much too fast

21:49 – Why debt? What is debt?

23:35 – Technical recession 

26:50 – Real estate investments and the future

30:10 – Reaching out to Frances Newton Stacy

31:11 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Frances Newton Stacy, Twitter

Frances Newton Stacy, email: [email protected]

Today I talk with the energetic #1 Wholesaler in the US last year, Tom Krol. We talk about family and Wholesaling. Not wholesaling furniture, tomatoes, or pajamas, but wholesaling real estate. Tom explains his views on business, what wholesaling is (it’s all about marketing and less about real estate), and coaching.

Minute Markers:

00:32 – Hi Tom

00:59 – Tom’s backstory

03:59 – How Real Estate Wholesaling Works

05:08 – Every wholesaling business should do three things

05:55 – Wholesaling real estate should be like a pawnshop

06:49 – Tom’s definition of a business

07:49 – Wholesaling definition summary

09:54 – What marketing strategies Tom uses for his Wholesaling business

12:37 – The major mistakes that struggling wholesalers make

15:55 – How do people figure out what works?

18:18 – How do you get started & how do you find out the perfect marketing strategy?

20:34 – Constantly be in a mentorship

25:45 – Trust and Verify, know the numbers.

27:22 – Finding the right coach

29:13 – Where to find Tom

30:30 – Final Thoughts

32:20 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Wholesaling Inc

Today I am talking with Chris Miles, the “cash flow expert” on the craziness of a full household, how he creates cash flow for thousands of his clients, his definition of infinite banking, and creating acceleration in your finances.

Minute Markers:

00:28 – Welcome Chris Miles

02:25 – The Business Side of Chris Miles 

03:41 – Retirement versus Financial Independence

05:33 – Infinite banking

09:21 – What infinite banking does

11:40 – How Chris helps folks build cash flow

14:50 – How do you tap into equity?

17:39 – Mutual Funds

19:15 – How do we create acceleration?

22:18 – The cost of money versus what you are collecting on the money

23:00 – How Chris works with his clients/where to find Chris

24:13 – Final Thoughts: Infinite Banking

26:12 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Chris Miles

Money Ripples

The Chris Miles Money Show

Today we talked with long-time guest Matt Larson about why Quad Cities is a great place to live and do real estate; the process and statistics for turn-key starter homes; and the ins and outs of working with contractors.

Minute Markers:

00:28 – Welcome Matt Larson

01:05 – About Matt

03:51 – Why Matt Does Turn-Key Real Estate

04:55 – Why Quad Cities Does So Well

05:26 – What You Won’t Get with Quad Cities

06:18 – Home, Sweet Home & The Steady Eddy Market

07:33 – Will Quad Cities Do Well in The Down Market?

09:05 – The “Teeter-Totter” to Determine the Economy

10:22 – What to Do During A Market Crash

11:15 – Advice for Buyers

12:20 – Typical Stats for Turn-Key Starter Homes

16:45 – The Value Growth

19:12 – Executing a 3-4 Month Cycle

23:30 – Work Blueprint with Contractors

25:30 – Project Plan and Budget

28:35 – Working with Contractors

31:00 – Giving Matt Credit

31:45 – Praise for Mike

33:28 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Matt Larson LinkedIn

Easy Street Properties (Property Investment)

Matt Larson: [email protected]