BigMikeFund

It is my pleasure and privilege to have a 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

Quotes

“Humans come in wholes. You can’t buy fractions of humans; it doesn’t work very well.” - Lance, on hiring additional headcount.

“It’s a lot of work to get a rubber stamp that says that you have good financials.” - Mike, on annual audits.

“Third-party administrators like Redwood [Real Estate Administration] saves you a lot of time and are well-organized. [...] It’s a time saver and a money saver to work with an organization like that.” - Mike, on annual audits

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

-