BigMikeFund

By Mike ZlotnikBusiness Entrepreneurship Investing

BigMikeFund episodes

August 20, 2018 018: Lease Options and Land Deals
Joe McCall is a member of the Collective Genius Mastermind and is a business and real estate coach. He is extremely skilled in wholesale lease deals. Today we discuss how Joe got into lease optioning and what it is and for whom it works best.
Joe also discusses the pros and cons of doing land deals. He explains why he likes them and how they can be very lucrative. We also talk about his coaching services and what he looks for in a student. If you are seriously considering getting into real estate, Joe is an excellent teacher and offers a lot of great information!
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:23 -- Welcome Joe McCall to the show!
01:12 -- Who is Joe McCall? Why real estate?
03:28 -- Joe’s 3 keys to success.
03:52 -- Joe’s focus on flipping properties.
05:18 -- What are flipping lease options?
07:13 -- What are wholesale lease options? Why does Joe like them?
07:50 -- How Joe got into lease option real estate.
08:20 -- Why Joe left his career as a civil engineer.
10:43 -- Why landlords are great business leads for lease options.
11:40 -- The types of neighborhoods lease options work best.
13:51 -- How Joe got into land sales.
16:00 -- The appeal of land flipping.
17:01 -- The land buying process.
19:30 -- The pros of land sales.
19:40 -- The cons of land sales.
20:55 -- The biggest land deal Joe has done.
21:48 -- Why Joe likes land deals.
22:30 -- Joe’s coaching services.
29:50 -- Joe’s book recommendation.
32:57 -- The tools Joe uses to help with productivity.
35:18 -- Joe’s contact information.
36:35 -- Thank you to Joe for coming.
36:40 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Big Mike Fund Podcast
Real Estate Investing Mastery
Real Estate Investing Mastery website
Joe McCall’s website
The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz
Podio
37 min
August 15, 2018 018: Lease Options and Land Deals
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37 min
August 06, 2018 017: What the Tax Cuts and Job Act Means for Real Estate Investors
Kingsley Charles joins me today to talk about the tax changes of 2017 and what that means for real estate professionals. There have been some major changes to the code and Kingsley tells us what we can expect for this upcoming tax season.
Kingsley is a member of the Collective Genius Mastermind group and is a partner and business consultant and planner for the Ascentia Group. I have worked with him for years and he is really well versed in the tax code and really understands the impact changes to the code do to small businesses. We discuss deductions, the stock market outlook, and Kingsley’s general advice to all investors, not just real estate investors.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:23 -- Welcome Kingsley Charles to the podcast.
01:07 -- What the tax cuts mean for real estate professionals.
02:50 -- The industries that aren’t benefited by the tax cuts.
03:50 -- What has been removed from the tax code.
05:15 -- What has been added to the code.
06:18 -- Nothing is permanent in the tax code.
08:28 -- What is currently deductible in this new tax code.
12:10 -- The trade-offs when the tax code is changed.
14:55 -- Kingsley’s strategy for tax planning.
18:05 -- The current economic state of the stock market.
19:03 -- How to reduce market risk.
19:50 -- The pitfalls of the stock market and what to be mindful of.
20:45 -- Why you need to self-direct your investments whenever possible.
21:35 -- Kingsley’s advice to real estate investors.
22:00 -- Why the “shotgun” approach isn’t a good idea.
24:20 -- Kingsley’s book recommendation.
25:35 -- Kingsley’s contact information.
26:24 -- Thank you to Kingsley for joining the podcast.
26:34 -- Outro to the Big Mike Fund Podcast.
RESOURCES
The Wealthy CEO
#KnowtheCode
27 min
August 01, 2018 017: What the Tax Cuts and Job Act Means for Real Estate Investors
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27 min
July 16, 2018 016: Wholesaling and Seller Financing
My guest today is Larry Goins, master blaster of wholesaling real estate and seller-financing. I met Larry at the Collective Genius Mastermind, we have known each other for many years. Larry has 30+ years experience in a wide variety of real estate. Today we focus on his Filthy Riches program and his HUD strategy. Larry offers some great advice for my listeners today and delivers a wonderful episode.
MINUTES MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:23 -- Welcome Larry Goins to the podcast.
01:50 -- Larry’s life on the lake and his passion for real estate.
03:46 -- Larry’s most successful deal to date.
04:30 -- Larry’s books and general real estate experience.
05:04 -- Why Larry focuses on wholesaling and seller-financing.
05:30 -- Why real estate investors need to be marketers as well.
06:25 -- The basics of seller financing and the Filthy Riches program.
07:00 -- How Larry creates a Filthy Riches property.
08:50 -- When Larry decides to do a contract for deed arrangement.
12:00 -- How contract for deed varies state to state.
12:44 -- Larry’s HUD experience and his strategy.
14:05 -- Where to find Larry’s book HUD Homes Half Off.
15:00 -- Larry’s favorite books.
17:25 -- Why Traction is a great real estate tool.
18:00 -- Larry’s favorite production tool.
19:10 -- Larry’s opinion of the current market.
21:06 -- A deeper look at value investing and cash flow investing.
21:45 -- Larry’s contact information.
22:46 -- Larry’s parting words to the audience.
23:07 -- Thank you to Larry for joining us.
23:15 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Filthy Riches
HUD Homes Half Off by Larry Goins
Lessons from the Richest Man Who Ever Lived by Steven K. Scott
The 4 Disciplines of Executions
Traction -- Gino Wickman
24 min
July 12, 2018 016: Wholesaling and Seller Financing
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31 min
July 12, 2018 016: Wholesaling and Seller Financing
My guest today is Larry Goins, master blaster of wholesaling real estate and seller-financing. I met Larry at the Collective Genius Mastermind, we have known each other for many years. Larry has 30+ years experience in a wide variety of real estate. Today we focus on his Filthy Riches program and his HUD strategy. Larry offers some great advice for my listeners today and delivers a wonderful episode.
MINUTES MARKERS
00:00 — Introduction to the Big Mike Fund Podcast.
00:23 — Welcome Larry Goins to the podcast.
01:50 — Larry’s life on the lake and his passion for real estate.
03:46 — Larry’s most successful deal to date.
04:30 — Larry’s books and general real estate experience.
05:04 — Why Larry focuses on wholesaling and seller-financing.
05:30 — Why real estate investors need to be marketers as well.
06:25 — The basics of seller financing and the Filthy Riches program.
07:00 — How Larry creates a Filthy Riches property.
08:50 — When Larry decides to do a contract for deed arrangement.
12:00 — How contract for deed varies state to state.
12:44 — Larry’s HUD experience and his strategy.
14:05 — Where to find Larry’s book HUD Homes Half Off.
15:00 — Larry’s favorite books.
17:25 — Why Traction is a great real estate tool.
18:00 — Larry’s favorite production tool.
19:10 — Larry’s opinion of the current market.
21:06 — A deeper look at value investing and cash flow investing.
21:45 — Larry’s contact information.
22:46 — Larry’s parting words to the audience.
23:07 — Thank you to Larry for joining us.
23:15 — Outro to the Big Mike Fund Podcast.
RESOURCES
Filthy Riches
HUD Homes Half Off by Larry Goins
Lessons from the Richest Man Who Ever Lived by Steven K. Scott
The 4 Disciplines of Executions
Traction — Gino Wickman
24 min
July 02, 2018 015: Concepts and Strategies
Today’s episode of the Big Mike Fund Podcast is an overview of the concepts and strategies we have discussed thus far in the series. I don’t have a guest today, but I do have a lot of useful information about investing and real estate in general. I will go over some common terminology and give some insight on what it actually means in regards to an investment. So. we’ll talk about things like Return on Investment, speculating, appreciation, depreciation, and real estate funds.
Join me today for this primer on real estate investing and take notes so you know what you’re getting into with your next investment.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:23 -- Welcome to today’s summary of concepts episode.
01:05 -- Investing vs. speculation and gambling.
03:36 -- Why speculation doesn’t work and other progressive systems.
05:33 -- The difference between Return on Investment and Return on Time.
08:33 -- Why good investments have both cash flow and appreciation.
09:46 -- The two components of appreciation.
10:54 -- What is value add?
11:58 -- The type of appreciation my team and I look for in our investments.
12:10 -- Real estate as an asset class.
13:28 -- The six points that make real estate a unique opportunity.
17:00 -- How to find the best real estate opportunities.
20:04 -- The difference between small real estate funds and big institutional REITs.
24:17 -- What to consider when choosing a smart real estate investment fund.
34:50 -- Diversification is the mother of all risk strategies.
35:10 -- My parting thoughts for today.
35:17 -- Outro to the Big Mike Fund Podcast.
RESOURCES
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
36 min
June 26, 2018 015: Concepts and Strategies
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36 min
June 18, 2018 014: Successful Multifamily Investing
My guest today is Corey “The Big Kahuna” Peterson, the founder of Kahuna Wealth Builders. Corey is a real estate investor, educator, and a member of the Collective Genius Mastermind. He specializes in multifamily units.
Corey has humble beginnings, he didn’t start his career in real estate until his 30s. He began wholesaling properties and pivoted into apartment complexes. Corey shares his business philosophy and tells me what he looks for in a deal. Corey’s experience is a great example of how to take good care of your investors and how well they will take care of you in return.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:23 -- Welcome Corey Peterson to the podcast!
01:36 -- How Corey got involved in real estate.
04:00 -- How a racquetball game changed Corey’s life.
06:10 -- The turning point that lead to Corey investing in apartment complexes.
07:33 -- The unique approach that got Corey his first deal.
09:18 -- The mistakes Corey made in his first deal.
11:00 -- Why you should always take care of your investors.
11:50 -- Look at the deal from an investor’s viewpoint.
12:36 -- Corey’s second deal.
14:20 -- The 1031 exchange deal that paid off.
15:10 -- What Corey considers in a deal.
16:12 -- The “sweet spot” Corey looks for in current deals.
17:44 -- The benefits of requiring ACH drafts from your tenants.
19:50 -- The type of deals that appeal to Corey.
20:15 -- The upside to working with a management company.
22:33 -- Corey’s goals for his investments and the typical exit strategy.
26:09 -- Encouraging managers to get 100% occupancy.
28:15 -- Corey’s book recommendation.
29:00 -- Corey’s contact information.
29:24 -- Thank you to Corey Peterson for joining us today.
29:26 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Kahuna Wealth Builders
Why the Rich Get Richer: The Secrets to Cash Flowing Apartments by Corey Peterson
The Richest Man in Babylon by George S. Clason
The Multifamily Legacy Podcast
30 min