Big Mike Fund Podcast

Today’s episode is a joint presentation and episode of Dentist Freedom Blueprint Podcast and Big Mike Fund Podcast. Dr. David Phelps and I discuss a collaboration we have between the Tempo Fund Management Group and the Freedom Founders mastermind.

I share my presentation about alternative deals and speculative deals. We hope to educate you on the pros and cons of investment grade deals and speculative opportunities. It is also important to work with a group like David’s Freedom Founders to weed out the bad deals and limit the risk in a deal. Of course, we want you to steer toward investment grade deals but there are good speculative deals and you need to know how to recognize the difference.

There is a lot of good information in this episode and David is a great presentation partner. So, please join us for this Big Mike Fund Podcast and Dentist Freedom Blueprint Podcast.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome to the Big Mike Fund Podcast.

00:27 — Welcome to the Dentist Freedom Blueprint Podcast.

00:42 — Our joint episode about due diligence and deal selection.

01:40 — Our current collaboration and how we met.

04:55 — How to leverage others’ specialties and expertise.

06:22 — What are alternative investments?

07:00 — A brief overview of today’s episode.

08:35 — The beginning of my presentation.

09:16 — The difference between investment grade deals and speculative deals.

10:56 — Who is Dr. David Phelps?

11:40 — The beginnings of the Freedom Founder mastermind.

12:10 — A little about me.

14:07 — David’s book and how to get it.

15:12 — Pros and cons of investing in syndicated real estate.

21:26 — Pros and cons of individual deals and funds.

23:24 — The difference between a syndication deal and a fund.

24:41– Investing vs. Speculating

28:44 — The 4 Deal Quadrants.

35:30 — What does downside protection mean?

38:51 — Downside Protection vs. Wall Street

39:25 — All projects have risks.

40:30 — Typical risk adjustment based on the Deal Quadrants.

45:55 — The role of the market in deal risk.

48:11 — Backend appreciation in a deal and the cash flow.

49:23 — The mixed results of investment grade growth focused deals.

50:43 — An overview of the speculative sector and cash flow expectations.

52:35 — The ways cash flow works in syndicated deals.

01:02:00 — A brief explanation of underw

Today I welcome Jared Irby, the president and the founder of the IRBY Home Buyers. He is a fellow member of the Collective Genius Mastermind and is based in Mobile, Alabama. Jared invests in house flips and multi-family properties. He shares the standard cost of one of his properties and gives us an idea of how he works with the local economy to a mutual benefit.

He also gives a clear picture of the market he works within and why he thinks it is so favorable to business and real estate. Mobile is a well-kept secret within the real estate community and Jared will explain why.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Jared Irby to the podcast.

00:54 — About Jared and his business in Mobile, Alabama.

01:34 — Why hurricane season is not as big as a deal as the media makes it out to be.

03:12 — The types of properties Jared buys and who is his standard customer.

04:45 — The average cost to one of Jared’s investors.

05:57 — The average cost to a family renting one of Jared’s properties.

07:20 — The types of investor Jared likes to work with.

08:26 — How Jared manages his properties.

09:24 — The multi-family opportunities Jared has invested in and why he likes to focus on the low end of the market.

13:43 — Why Jared likes to work with local banks.

16:05 — How his company finds their deals.

19:30 — The current market outlook in Mobile and why it is a well-kept secret.

23:50 — Why cities do better when businessmen are in charge,

26:23 — Jared’s final advice to the audience.

28:32 — Jared’s contact information.

29:20 — Thank you, Jared, for joining us.

29:36 — Outro to the Big Mike Fund Podcast.

 

RESOURCES

Big Mike Fund

Jared on Facebook

Irby Home Buyers

Empire Forge Mastermind

Ryan Parson is Chairman and Chief Investment Officer at Heritage Capital USA, Inc. and Mile Marker Club, as well as the Director of Investor Relations at Colonial Capital Management. He is also a renowned nationwide speaker on alternative investing and portfolio management.

Ryan grew up in a family rooted in real estate investment and in this episode he unwraps the advantages of alternative investments.

We learn about his non traditional way of thinking when investing as he leans into building your work around your life and not the other way around.  Ryan identifies a huge gap in a specific investor demographic that is looking for non traditional, more holistic options. While traditional advisor may find this impossible, Ryan and his company aim at fulfilling this need.

Ryan talks about the importance of knowing what is a great deal for you alone and Ryan mentions why real estate is such a popular investment vehicle. Tune in as he tackles taxation, shedding light on how important it is for you to be organized and be in control of the process.

MINUTE MARKERS

00:00 — Intro

00:26 –Welcome Ryan Parson

00:58 –Ryan’s portfolio and overview

03:37 –When Ryan moved from the corporate world to alternative investing

04:57 –Where Ryan started investing

06:40 — Ryan’s passive income realization

08:14 — How do you build a plan for your clients? What do you do?

08:26 — Two critical components

08:58 — Ryan’s discovery of the chasm

09:39 — What Ryan and his company strive to to

09:50 — Ryan talks about traditional advisors

10:26 — The reason why traditional advisors do what they do

10:50 — What Ryan aims to do

12:33 — Life versus work, Ryan’s take

14:30 — How do you choose the right projects for your investors?

15:09 — Ryan uncovers how your relationship with money dictates your choices

15:28 — How Ryan helps his clients unfold a strategy

17:54 — Determining how much cash flow is needed

19:30 — How much time can you commit to be being an investor?

22:53 — Ryan’s basic strategies to minimize taxation and allow growth

23:46 — Looking at the deal behind the deal

26:42 — Private deals versus speculative deals

27:18 — Taxation

35:03 — How to reach Ryan

35:26 — Special offer for listeners

36:44 — Final thoughts

Resources

www.HeritageCapitalUSA.com

www.ColonialCapitalManagement.com

www.MileMarkerClub.com

Jordan Fisher is the founder of Good Bones Properties, a full-service real estate brokerage that buys and sells properties, as well as trains real estate agents how to create and maintain leverage during a sale. Jordan is the king of creating leverage in his deals. He emphasizes the importance of maintaining control over the deal process.

We dig deeper into Jordan’s process and how integrity is the best weapon you have in real estate.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Jordan Fisher to the podcast.

01:25 — Jordan’s real estate background and how we know each other.

02:20 — The best way to sell any property in any market.

04:50 — Why brokers tend to exaggerate the price of a property.

05:28 — How Jordan’s approach is different.

06:09 — Jordan’s 3 Ls of real estate.

06:40 — There is no room for hope in real estate.

08:40 — How Jordan creates leverage.

10:54 — Why you want an awkward price on your property.

13:28 — How to play the game of leverage.

16:58 — What’s wrong when Jordan’s system doesn’t work.

18:27 — Phase One of Jordan’s process: set up the system.

21:52 — Phase Two: Maintain the leverage by placing the deal in the buyer’s hands.

24:02 — Phase Three: How to effectively accept an offer.

28:00 — How timelines help you maintain leverage.

32:38 — How to keep your integrity during a deal.

36:25 — What you can control in a deal and what you can’t.

38:10 — Jordan’s contact information.

39:02 — Thank you to Jordan Fisher for joining us today.

39:30 — Outro to the Big Mike Fund Podcast.

RESOURCES

Good Bones Properties

Jordan’s email

Big Mike Fund

Antoine Martel is an up-and-coming superstar in the real estate world. He specializes in turnkey properties and has grown his business at an impressive rate in the last four years. Antoine tells me the story of how he got into the turnkey business and what he has learned from it.

If you are considering jumping into the turnkey market, Antoine paints a great picture of how the model works. He offers some good advice and shares his opinion on the current market.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Antoine Martel to the show!

01:11 — All about Antoine and Martel Turnkey.

03:22 — The type of properties Antoine considers.

03:50 — What makes Antoine’s deal structure different from others?

05:05 — How to find good companies to do work for you when you are out of state.

06:42 — How Antoine finds his deals.

09:20 — Why cutting corners is always a bad business decision.

10:45 — The typical cost of one of Antoine’s projects.

12:50 — The challenge of finding a good property manager.

13:50 — How Martel Turnkey handles tenant turnover.

15:30 — Antoine’s rule of thumb for cash reserves and Mike’s differing opinion.

19:47 — Antoine’s observation of the current market.

21:38 — What happens when people want to sell their turnkey property?

22:10 — Antoine’s contact information.

23:05 — Antoine’s book recommendation.

24:30 — Thank you to Antoine Martel for joining us.

24:51 — Outro to the Big Mike Fund Podcast.

RESOURCES

Martel Turnkey

Antoine on Instagram

Big Mike Fund Podcast

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

Welcome to the Big Mike Fund Podcast! Today’s episode is a topical episode. I want to share how you can prepare for the inevitable downturn coming to the global economy. 2019 is going to see a recession. I have been saying this for a few months now and I want you to be ready for the changes coming down the pipe.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:23 — Welcome to today’s monologue.

00:50 — The economy is currently in a technical recession and it will get worse.

02:00 — The federal government will slow interest rates hikes and why that is good.

02:49 — The effect of the trade wars.

03:26 — My opinion on the situation with China.

04:18 — The outlook from a global perspective.

05:47 — What a recession will mean for you.

06:20 — The corrections to the market you can expect.

07:30 — The increase in demand for affordable housing.

08:28 — Point 1: consider your cash flow.

09:40 — Point 2: look for value-add projects.

10:30 — What a recession will mean for the stock market and other investments.

11:26 — Why real estate is still a sound investment.

12:18 — What is actually considered “affordable housing.”

13:13 — Why duel exits are best.

14:07 — Avoid investments that are dependant on commodity prices and trade agreements.

15:19 — Syndicated deals don’t work in this environment.

17:10 — The areas that will always do well.

19:02 — Invest in what you understand and people you trust.

20:10 — Increase your access to cash.

20:52 — Why an investment partner is a good idea.

21:33 — Look for properties in distress and what that means.

23:20 — A recap of today’s topic.

23:51 — Thanks for tuning in and how to contact me.

24:06 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Mark Jackson is the founder of Investor Comps, an online service that helps potential investors get the transactional and market information on a property. We discuss his company and the tools it offers to its customers.

I have personally worked with Mark in the past. We met in the Freedom Founders mastermind. I really like him and his company. Tune in to learn more about Investor Comps and how it can help you better prepare for your next real estate deal.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:21 — Welcome Mark Jackson to the podcast.

01:40 — Mark’s history as a property appraiser.

04:30 — The beginnings of Investor Comps.

05:13 — How Mark did his deals differently than other appraisers.

07:00 — What Investor Comps offers their customers.

14:05 — How Investor Comps’ service presents market changes to their customers.

21:20 — Features that appear on an Investor Comp report.

23:15 — What are some of the terms Mark uses during this episode.

26:10 — Mark’s opinion on the Air BNB trend.

29:40 — Thank you to Mark Jackson for joining the podcast.

30:13 — Upcoming events on Investor Comps.

31:00 — Mark’s book recommendation.

31:40 — Mark’s contact information.

32:15 — Outro to the Big Mike Fund Podcast.

RESOURCES

Investor Comps

Freedom Founders

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod

Big Mike Fund

Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing Into a Real Estate Fund (Private Money, REITS, Equity, Structure, Tax) by Mike Zlotnik

I am joined today by Jason Hartman, a successful real estate investor and advisor. Jason and I discuss the changes coming to the real estate market. Interest rates are set to raise and we have differing opinions on the government’s decision to rise rates. We have a respectful debate about why these changes are both good and bad for the economy.

Jason and I have a great conversation and it is awesome to have such a knowledgeable guest.

MINUTE MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Jason Hartman to the podcast.

00:58 — The real estate market is changing!

06:09 — How the new tax laws are helping Jason’s business.

09:00 — What adjustable mortgage investors can expect from the changes.

11:12 — The 3 ways the government misrepresents the inflation rates.

13:54 — The grand conspiracy theory.

14:52 — The concept of inflation debt destruction.

15:16 — Why inflation is good.

16:00 — Why Jason doesn’t agree with Robert Shiller’s work.

17:40 — Shiller’s Cyclically Adjusted Price Earning Ratio.

20:00 — What Cyclically Adjusted Price Earning Ratio doesn’t take into consideration.

21:56 — The problem with unequally yoked trading partners.

25:23 — Capital formation is the key to wealth building.

27:40 — Thank you, Jason Hartman, for joining the show today.

28:10 — Jason’s parting advice for the audience.

29:08 — Jason’s contact information.

29:43 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Creating Wealth Show

Jason Hartman’s website

Today’s episode is a presentation I have put together about how to prepare for raising interest rates and other topics. I answer many questions about interest rates and how a fund can better prepare you for an economic downturn. Some of the questions I answer are,

What to do when interest rates go up.

What does the Federal Reserve do?

How can you protect your investments during an economic change?

MINUTE MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome to my presentation.

01:02 — About me and professional background.

01:36 — What Tempo Fund specializes in and other resources we offer.

02:07 — The current state of interest rates.

03:30 — What is a cap rate? How is it used?

07:17 — What happens to cap rates when interest rates go up?

08:01 — Why cap rates get worse.

09:30 — How interest rates affect prices.

10:39 — 3 examples of how interest rates work.

12:00 — DSCR requirements and what that means to a bank.

15:52 — What do these examples teach us?

16:18 — How interest rates affect the value of a project.

21:17 — Is it possible for the asset prices not to fall even with the rising interest rate?

22:11 — Why the Federal Reserve raises interest rates.

24:37 — Maybe, interest rate increases are good for real estate?

28:17 — How the Federal Reserve raises interest rates.

29:00 — The Federal Reserve is raising interest rates too fast.

29:54 — The problem with short-term interest rates.

30:05 — A brief recap of the economic state of the market.

32:23 — How can you prepare for an interest rate rise?

35:43 — How to invest with an economic downturn in mind.

36:30 — Why should you invest in value-add projects?

38:14 — Individual deals vs. Funds

40:37 — The Tempo Opportunity Fund.

42:40 — My contact information.

43:50 — Thank you for listening today.

43:53 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Tempo Funding

Tempo Funding Platform

My guest today is Paul Moore, the co-founder of Wellings Capital. He is also the host of the How to Lose Money podcast. Paul explains how his conversations with founders inspired How to Lose Money and how failures are the best teachers. We discuss how Paul got into real estate and why he prefers multi-family and self-storage deals.

Paul is the author of a book on the subject of multi-family real estate called The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing. He shares his opinions on that particular space and why it has been difficult to find deals.

Also, Paul is a passionate advocate for stopping human trafficking. He speaks about his work with the organization, Exodus Cry and how my listeners can get involved in the cause. Paul has a classic rags to riches story that will both inspire and educate you.

MINUTE MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Paul Moore to the podcast.

00:47 — How to Lose Money podcast.

01:05 — The conversations that inspired How to Lose Money.

02:17 — Your pain is your power.

02:54 — Paul’s background.

04:13 — How Paul got into real estate.

06:33 — Paul’s rags to riches story.

08:38 — How “giving your way of debt” helped Paul get out of debt in 13 months.

11:37 — Paul’s involvement with Exodus Cry.

16:24 — The reasons multi-family deals are hard right now.

17:33 — The opportunities in self-storage.

19:00 — How to find self-storage and multi-family deals.

21:01 — What is Welling Capital and who do they serve?

22:39 — Paul’s book recommendation.

23:43 — Why Paul does what he does.

24:38 — Paul’s recommended episodes of How to Lose Money.

27:17 — Paul’s contact information.

27:50 — Thanks to Paul Moore for joining the show.

28:13 — Outro to the Big Mike Fund Podcast.

Resources:

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

How to Lose Money

Welling Capital

Big Mike Fund

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges