BigMikeFund

Today, I welcome a very close friend and associate of mine, Jason Medley. Jason is the CEO and founder of the Collective Genius Mastermind. He has 19 years of experience in real estate and is a dedicated family man. He has built a warm and inviting group for entrepreneurs who want to go someplace where they are understood and valued. The group has been thriving and growing for 9 years.

During this episode, Jason tells me about the atmosphere he is trying to maintain in CG and who he feels is the best fit for the organization. He shares his hopes for the future and encourages entrepreneurs to reach out and see if CG is a good fit for them.

MINUTES MARKERS

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

00:21 -- Welcome Jason Medley to the show.

01:43 -- Who is Jason Medley?

04:28 -- The benefits Collective Genius brings to its members.

10:25 -- How the board of directors is involved in CG’s process.

13:30 -- “It’s lonely at the top,” and how CG eases that feeling.

15:21 -- The future of the Collective Genius Mastermind.

23:05 -- The importance of communication within the group.

24:10 -- Jason’s contact information.

25:28 -- What Jason is looking for in a member.

25:45 -- Jason’s experience with me and my fund.

29:25 -- How to apply for membership.

31:06 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Collective Genius Mastermind

Mike Jordan is the President of Strategy Properties. He is a property manager who specializes in turn-key properties in Detroit. Today he tells me how he likes to conduct business and the reason he does what he does. He has a variety of real estate experience to share and has some wonderful insights on the state of Detroit's economy and real estate market.

MINUTES MARKERS

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

00:22 -- Welcome Mike Jordan to the show.

00:55 -- Who is Mike Jordan and what does he do?

06:00 -- Why you need a “why” in your business model and life.

07:20 -- What a standard turn-key operation looks like in Detroit.

11:19 -- How to identify a rehab property.

13:00 -- The trouble with the data on websites like Zillow and Trulia.

14:08 -- How Mike conducts business and why.

18:25 -- Happy customer, happy business.

19:40 -- Mike’s contact information.

20:18 -- The current state of Detroit's real estate market and economy.

22:40 -- Why May is the best time for a property tour in Detroit.

24:32 -- Mike’s podcast and why you should educate yourself.

25:40 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Strategy Properties

Unique Wealth Education Podcast

Big Mike Fund

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Fuquan Bilal is the CEO of the National Note Group (NNG) Capital Fund. He is based in New Jersey and is known for rehabilitating homes in lower class areas. Fuquan shares how he got involved in real estate and how riding through the market crash made him a stronger realtor. He specializes in non-performing home loans (notes.) We discuss the differences between the various notes and how Fuquan approaches them.

MINUTES MARKERS

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

00:22 -- Welcome Fuquan Bilal.

01:23 -- Who is Fuquan and how did he get into real estate?

04:01 -- How the market crash affected Fuquan and his business model.

05:00 -- What he likes about real estate.

06:44 -- The difference between the various notes.

11:00 -- The strategies Fuquan uses when he gets involved with a home loan issue.

17:36 -- Fuquan’s opinion on the return on time and the tricks he has learned.

18:43 -- How to leverage your vendors.

20:35 -- Typical closing costs in Fuquan’s market.

21:05 -- Cost-cutting strategies that help Fuquan and his team.

24:11 -- Fuquan’s final thoughts.

24:18 -- Fuquan’s contact information.

24:40 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

NNG Capital Fund

Fuquan Bilal’s email

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Dr. John Harrison is a Michigan based investor who has found financial freedom through the Freedom Founders mastermind. He walks us through his journey to financial freedom and he explains how real estate has been his best investment course. John shares how we met and why he prefers funds over individual deals. He has some smart advice for newcomers to this investment space, which makes this a great episode for investment beginners.

MINUTES MARKERS

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

00:22 -- Welcome Dr. John Harrison to the podcast.

01:45 -- Why John decided to join Freedom Founders.

04:00 -- 3 common traits all financial free people have.

04:21 -- Why does John invest?

04:42 -- John’s previous investment experience.

07:00 -- How to improve your due diligence process.

08:00 -- What does financial freedom mean?

09:39 -- 2 lessons about creating a financial cushion.

10:50 -- Why John chose to invest in real estate.

14:34 -- Why fund arbitration is a win-win situation.

19:18 -- John’s opinion of speculative investments.

22:45 -- Why John prefers funds.

25:49 -- Why education is important in investing.

29:05 -- John’s contact information.

30:01 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Freedom Founders

John’s email

TF Management Group

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

The Compound Effect by Darren Hardy

I welcome Fernando Angelucci of the Titan Wealth Group to the podcast. Titan Wealth is an investment firm that specializes in self-storage real estate. We discuss the state of the market currently and the inevitable slow down is coming.

Fernando explains why he prefers self-storage over other types of real estate. He has wonderful sources to support his viewpoint and is really knowledgeable about the market. Fernando shares how he and his team find his deals and why self-storage is filling up with competition.  If you have considered investing in self-storage, it’s probably best to hold off right now, but Fernando has some great insights that can help you when the market picks up again.

MINUTES MARKERS

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

00:22 -- Welcome Fernando Angelucci to the show!

02:34 -- Why Fernando prefers self-storage deals.

04:43 -- The inevitable slow down of the market and what Fernando thinks about it.

05:30 -- The opportunities that will come out of a market downturn.

07:55 -- How more experienced investors can side-step the newcomers.

10:17 -- The benefits of “vulture investing.”

12:52 -- The fragmented market in the self-storage space.

17:17 -- Why cap rates are compressing.

19:35 -- The two strategies that Titan Wealth Group uses to find properties.

20:00 -- The three exit strategies that work for the Titan Wealth Group.

23:40 -- Why I prefer conversion deals over ground-up deals.

25:08 -- Why a combination of strategies is the best approach.

28:10 -- How to create a marketing approach that will beat REITs.

30:40 -- Thank you to Fernando and his contact information.

31:42 -- The upcoming deals involving that Titan Wealth Group.

32:00 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Fernando’s cell number -- 630-408-8090

Titan Wealth Group website

Titan Wealth Group on Facebook

Titan Wealth Group on Twitter

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Glenn Stromberg is a good friend who is also a brother of the Collective Genius Mastermind and Freedom Founders. Glenn is an expert on mobile homes. He buys them, fixes them, and flips them to his investors. He is very open about his process and explains why he prefers the business model.

Glenn tells me what a mobile home is now and how it differs from a manufactured home. He highlights the bright side of his market and gives the audience an idea of what a typical investment opportunity would look like with his company. Glenn’s market stretches from the Fort Worth area all the way to North Carolina. These are two totally different markets and Glenn paints an informative picture of both.

MINUTES MARKERS

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

00:21 -- Welcome Glenn Stromberg to the show.

01:15 -- About Glenn and his territory.

01:41 -- The two types of mobile homes.

02:22 -- Why the second type is really considered real estate instead of a mobile home.

02:47 -- Can mobile home residents get a FHA Loan?

03:35 -- Glenn’s typical business model.

05:09 -- Mobile homes are the best kept secret in real estate.

06:07 -- Are mobile homes and manufactured homes the same thing?

06:21 -- How modular homes are different.

06:32 -- A brief overview of the history of the mobile home space.

07:41 -- How mobile homes have improved in quality.

08:16 -- The differences between Glenn’s Texas and North Carolina markets.

11:00 -- The private mortgage option for investors.

11:26 -- Why Glenn chose to work with mobile homes.

11:52 -- Who manages Glenn’s properties?

12:48 -- How the 2008 housing crisis affected Glenn’s business.

13:28 -- The typical price of one of Glenn’s properties.

16:33 -- The typical agreement with an investor.

20:18 -- Supply and demand affect the market.

21:20 -- Does Glenn do any ground-up work?

22:12 -- The typical rehab project for Glenn.

24:10 -- Glenn’s contact information.

25:50 -- Why Glenn likes the mobile home market.

27:54 -- Thank you to Glenn for joining us.

28:33 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Stromberg Investment Group

817-966-1258 (Glenn’s number)

Glenn’s email