BigMikeFund

By Mike ZlotnikBusiness Entrepreneurship Investing

BigMikeFund episodes

June 13, 2018 014: Successful Multifamily Investing
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30 min
June 04, 2018 013: Defining Effective Leadership
My guest today is Patrick Precourt, an MMA fighter who is a successful gym operator. Pat is a very active member of the Collective Genius Mastermind. He is known as “the people’s developer” within the group. Pat is more than a business owner, he is a cultivator of people.
On today’s episode, Pat shares his view on business and how he approaches his management style. Listeners will learn about identifying a challenge and how to make it an opportunity. You will also learn how to find people that can bring creativity and multiple viewpoints to your company’s problems. Tune in to learn more about becoming a people developer and more about Collective Genius.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:22 -- Welcome to the podcast, Patrick Precourt.
00:41 -- Pat’s background with gym operation and Collective Genius Mastermind.
01:16 -- How to show leadership and attract talent in your management style.
03:39 -- How to identify a challenge and make it an opportunity.
04:11 -- The difference between management and leadership.
08:11 -- Why you can’t expect complete replication.
08:50 -- What defines success for a gym?
10:45 -- How location changes the key metrics.
11:27 -- How to measure member happiness, create a community, and the “Cheers” effect.
15:06 -- Why Mike prefers martial arts.
16:00 -- The appeal of self-improvement and how to encourage it.
17:00 -- Why Pat’s competitors can’t duplicate his business model.
17:45 -- The benefits of the Collective Genius Mastermind.
20:15 -- What makes Collective Genius Mastermind a great mastermind.
22:05 -- The more you give, the more you get.
22:33 -- Pat’s role in Collective Genius.
23:33 -- Pat’s book recommendation.
24:52 -- The Law of Attraction in a nutshell.
26:50 -- Patrick Precourt’s contact information.
27:25 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Big Mike Fund
Patrickprecourt.com
28 min
May 30, 2018 013: Defining Effective Leadership
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28 min
May 29, 2018 012: The Value of Self-Storage Real Estate
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33 min
May 21, 2018 012: The Value of Self-Storage Real Estate
My guest today is Scott Meyers, the expert behind Self-Storage Academy and Self-Storage Investing. These two businesses are the crux of Scott’s efforts to teach people how to make money in the self-storage industry. We discuss the types of self-storage facilities and how an owner can find the best fit for them.
Self-storage is a ripe industry for investment opportunities. It is the best of both worlds, real estate, and retail. Scott expands on the idea that self-storage facilities are often treated as businesses to increase their value. He describes his process to create a storage facility and offers his opinion on current market trends.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:22 -- Welcome Scott Meyers to the podcast.
01:30 -- Scott’s work with Ywam Homes of Hope.
04:22 -- The value of self-storage real estate.
05:00 -- Why Scott pivoted away from single-family rental real estate.
08:10 -- Mike’s observations of Scott’s storage units and his educational tools.
09:19 -- How you can invest in a self-storage facility as a business.
09:50 -- The 3 types of self-storage projects.
11:28 -- Type 1: Rehabbing existing self-storage units to increase value.
12:29 -- Type 2: Converting an old industrial building to storage units.
13:15 -- The benefits of converting a former business.
13:40 -- Type 3: Building from the ground-up.
14:34 -- Why Scott enjoys conversions and rehabs.
15:28 -- Why Scott likes to find bigger projects.
16:50 -- Why old shopping malls make ideal locations for self-storage businesses.
18:25 -- Mike’s interest in self-storage and the projects he has going right now.
18:39 -- The predictability of the self-storage business model.
20:25 -- How to increase ROI (return on investment) on a self-storage unit and still keep tenants.
22:00 -- The storage condo trend and what Scott thinks of it.
24:47 -- What Scott takes into consideration when creating a self-storage facility.
28:30 -- Scott’s contact information.
29:33 -- Scott’s advice to new business owners.
31:36 -- Thanks to Scott Meyers for joining us today.
31:47 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Big Mike Fund Podcast
Homes of Hope
Self-Storage Academy
Self-Storage Investing
Traction: Get a Grip on Your Business by Gino Wickman
33 min
May 07, 2018 011: Investor Real Estate Deals
My guest today is Aaron Chapman, the loan officer and loan originator for the Security National Mortgage Company. Aaron specializes in investor real estate deals. He began his career doing purchase loans for owner-occupied properties. However, one discussion in the early 2000s changed the direction Aaron went moving forward. He explains why he likes working with investors and how the market is affected by investor deals.
Aaron is also a rescue worker for his local sheriff office in Arizona. We kick off our interview by exploring why Aaron decided to get involved with rescue training. His answer is very telling as to the kind of man he is. Aaron is a fellow member of the Collective Genius Mastermind group and he offers some smart observations of the current market. Tune in for this value-packed episode!
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:28 -- Welcome Aaron Chapman to the podcast.
01:36 -- Aaron’s work with his local sheriff department. The event that started it all.
04:28 -- Why everybody can give back to their community.
05:50 -- The state of the mortgage industry.
07:48 -- The difference between purchasing loans for owners versus purchasing loans for investors.
11:00 -- Where the loans come from.
11:20 -- The huge opportunities in Aaron’s real estate space.
11:43 -- The standard limits banks put on investor involved property deals.
12:00 -- Aaron’s company’s approach to loan agreements.
13:00 -- The minimum amount Security National Mortgage can give for a loan.
13:52 -- America’s system and regulations regarding real estate development loans.
18:54 -- Why Fannie Mae and Freddie Mac are missing a big opportunity in Aaron’s space.
19:23 -- The importance of Fannie Mae and Freddie Mac to the current real estate market.
21:28 -- Aaron’s predictions for interest rates.
25:00 -- Mike’s opinion of Aaron’s prediction.
26:58 -- The reduction of real estate inventory and what that means for the market.
30:00 -- Aaron’s observations about the new construction trend.
33:34 -- Aaron’s book recommendations.
35:00 -- The importance of being grateful for your business and life.
43:40 -- Aaron’s contact information.
44:33 -- Outro to the Big Mike Fund Podcast.
RESOURCES
Big Mike Fund
Security National Mortgage Company
Aaron Chapman’s email
45 min
May 03, 2018 011: Investor Real Estate Deals
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45 min
April 23, 2018 010: The Benefits of Self Banking
My guest today is Gary Pinkerton, a wealth strategist at Paradigm Life. Gary has a fascinating personal history as a former military submarine captain. He transitioned into real estate as a civilian career. Gary and I discuss his path to wealth strategy. We also explore Gary’s specialty in infinite banking, which is a self-banking investment strategy.
Gary explains self-banking and outlines the benefits of using an insurance policy as a revenue source. We discuss the multiple uses for the money and how investors can take control of their liquidity.
MINUTE MARKERS
00:00 -- Introduction to the Big Mike Fund Podcast.
00:30 -- Welcome Gary Pinkerton to the podcast.
01:03 -- Gary’s former military experience.
03:07 -- How Gary transitioned into civilian life.
05:06 -- How Gary got involved with Paradigm Life.
06:30 -- Gary’s observations of his differences from other veterans.
07:23 -- The level in which Gary’s family is involved in his real estate business.
07:44 -- How can life insurance be used as a self-banking vehicle?
08:20 -- How life insurance protects wealth.
11:15 -- The typical interest rates Gary has within his deals.
11:53 -- The benefits of self-banking.
12:53 -- Is the interest rate deductible?
15:22 -- The differences between paying a lump sum into a policy versus paying into a policy over 20 years.
18:10 -- The tax issues that come up with insurance policies.
20:06 -- Paradigm Life’s goals for their clients.
21:34 -- Why insurance policies include fees.
24:16 -- The costs associated with one of Gary’s policies.
26:11 -- How Gary structures his policies to help clients maintain their policy.
26:57 -- Should you purchase life insurance for kids as a passive income?
29:15 -- How to contact Gary.
31:04 -- Mike’s impression of Gary’s policy structure.
31:42 -- The standard process an investor goes through to use their policy as a savings account.
34:19 -- How Gary’s deal structure is better than a “no money down” structure.
35:20 -- Gary’s final thoughts for the audience.
36:50 -- Mike encourages people to invest in their own talents.
37:16 -- Outro to the Big Mike Fund Podcast.
RESOURCES
The Secret Asset by David D'Arcangelo
Gary’s email
Gary Pinkerton’s website
38 min
April 20, 2018 010: The Benefits of Self Banking
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38 min
April 19, 2018 009: New York’s Real Estate Market
Welcome back to the Big Mike Fund Podcast! My guest today is Eric Goodman. Eric and his father run Goodman Capital, a real estate investment firm that focuses on commercial real estate. Goodman Capital brokers closed fund deals and specialize in foreclosure sales.
Today, Eric tells me about his company’s fund structure and gives me some examples of sales that worked out for the best. We discuss the state of New York’s real estate market and how the pending tax reforms will affect the market.
MINUTE MARKERS
00:00 — Introduction to the Big Mike Fund Podcast.
00:27 — Welcome Eric Goodman to the podcast.
00:47 — Eric’s background in real estate.
01:30 — About Goodman Capital and commercial real estate.
03:00 — The types of deals Eric and his team look for.
04:46 — The difference between closed funds and open funds.
06:23 — What is a waterfall and how does Goodman Capital use the structure?
08:33 — The equity deals Eric and his team have seen in this market.
10:05 — The breakdown of Eric’s company’s capital.
12:49 — The difference between forced appreciation and natural appreciation.
13:22 — Examples of opportunities Eric has seen within the New York market.
16:13 — Where Goodman Capital gets its referrals.
17:16 — Eric’s predictions for New York’s real estate market.
19:45 — My opinion about the incoming tax reform and what that will mean for New York’s market.
23:30 — The top indicators of a market change.
25:25 — Thank you to Eric for joining the podcast.
25:45 — Eric’s contact information.
26:20 — Outro to the Big Mike Fund Podcast.
RESOURCES
Goodman Capital
(516) 247-6012
Big Mike Fund
38 min