Blue Gems Podcast

On this episode of Blue Gems we’re welcoming Dave Foster, more famously known as the 1031 Investor. He earned this title by figuring out the 1031 exchange and when to utilize it. Dave is going to explain to us how to leverage this tax hack to build your portfolio bigger and better, and will explain his own portfolio and how he’s used the 1031 exchange to build a solid portfolio. Dave is discussing some of his strategies for leveraging the 1031 exchanges to diversify your portfolio, as well as how to reduce the tax burden on investors both new and old. Learn the four D’s of 1031s and mistakes you can make while trying to utilize a 1031 exchange. Listen in to hear all the gems Dave has to offer.

Connect with Dave and his team:

Website- https://www.the1031investor.com/

Blue Gems Management- https://bluegemsmgmt.co/

STR Meet Up- https://bluegemsgroup.com/

[00:00] Episode teaser

[00:35] Show intro

[01:09] Welcome to the 1031 Investor, Dave Foster

[01:24] How Dave earned the 1031 Investor name

[02:27] Leverage: how to use the 1031 exchange

[04:36] Dave’s current portfolio

[09:11] Living on a boat

[09:41] Using 1031 exchanges to expand into mid-term rentals

[12:14] How Dave helps investors reduce their tax burden

[15:57] Is it possible to defer your tax bill indefinitely?

[19:23] Blue Gems Management

[19:50] What’s the catch to 1031 exchanges?

[21:38] How many properties can be on the list?

[24:58] Financing with a 1031 exchange

[26:09] Advice for new investors in real estate

[29:04] A day in the life of Dave Foster

[29:38] The last blue gem

[30:31] Where to connect with Dave

[30:55] Outro

If you are a new real estate investor, or a more experienced one looking to add to your toolkit, this episode is for you. We are welcoming Avery Carl, a real estate investor with 220 doors over the course of five and a half years, and is a real estate agent who specializes in STRs in over 15 markets. She is talking to us today about how to grow such a large portfolio and some of the logistics that come along with that. Avery’s first real estate deal in Tennessee was part of a plan to pay for her future kid’s college, and now there’s almost too many markets to name. Avery’s business has been built from this to meet the needs of STR investors and she has a wealth of experience as an STR agent that she’s sharing with us today. Listen in to learn about the logistical side of STRs and different tools to use to make your business flourish.

Learn more about Avery and her business

Website- https://theshorttermshop.com/

Insta/Youtube- @theshorttermshop

Blue Gems Management- https://bluegemsmgmt.co/

STR Meet Up- https://bluegemsgroup.com/

[00:00] Episode teaser

[00:23] Show intro

[00:57] Welcome to Avery Carl

[01:15] Avery’s background

[02:19] Where does Avery attribute her success?

[02:53] How to manage all those properties

[04:03] How many STRs does Avery have and in what markets?

[04:43] Avery’s first deal

[07:31] Getting out of state deals

[08:40] Building out Avery’s brokerage

[10:10] What markets are Avery in?

[11:25] The markets Avery is looking into

[11:45] How does Avery determine which markets to go to?

[12:46] How clients are financing these purchases

[13:51] Is Avery looking to buy anything in this market?

[14:37] How important is it to use an STR agent?

[16:23] Blue Gems Management

[16:49] The mortgage arm of Avery’s business

[17:23] Is there a metric they look for?

[18:17] Where is the STR market going?

[19:20] The Disney market

[20:52] Advice for newbie STR investors

[22:24] Metro markets and people lobbying against STRs

[24:05] Automation tools and software

[26:39] Platforms and bookings

[27:25] How much time is spent managing properties?

[27:35] Combatting slower travel

[29:30] Advice for someone just starting to build a personal brand

[29:51] Best advice for someone new in STRs

[30:19] A day in the life of Avery Carl

[31:29] The last blue gem

[31:54] Where to find more about

[32:13] Outro

Matt Sorenson is a lawyer who works with investors, is the author of The Self-Directed IRA Handbook, and is the CEO of Directed IRA. Matt is talking about how to use a self-directed IRA, the most underutilized tool, to invest in real estate and why everyone should know about this life hack. When you invest with your retirement account, there are lots of nuances that follow, so Matt is talking us through what it’s like to buy a property with a self-directed IRA. On the legal side of life, Matt is talking about how to work the tax benefits for new and experienced STR investors. Matt sees tons of real estate investors, and is sharing what things he sees that makes people the most successful, like knowing yourself and how you operate. Listen in for these blue gems and more from Matt Sorenson.

Connect with Matt

https://directedira.com/

https://matsorensen.com/

https://kkoslawyers.com/

Blue Gems Management:https://bluegemsmgmt.co/

STR Meetup: https://bluegemsgroup.com/

[00:00] Episode teaser

[00:34] Show intro

[01:08] Welcome to Matt Sorenson

[01:17] What is Matt’s expertise and background?

[02:31] Utilizing a self-directed IRA to invest

[05:06] Traditional real estate transaction vs. an IRA transaction

[10:52] What are the rates like?

[11:21] Recommendations for new investors in the legal realm

[15:00] The operation side of life

[17:01] Why 40k?

[18:36] How many LLCs should I have?

[22:21] Pros and cons of having a holding company

[29:02] Blue Gems Management

[29:28] Legal and tax advice for new STR investors

[33:54] The #1 trend for top performing real estate investors

[38:00] One last blue gem

[39:24] Where to find Matt

[40:58] Outro

Jeff Brown from Loma Homes is talking numbers and operations for STRs. From sourcing data to managing an on the ground turnover team, Jeff is taking us through his experience in real estate and giving inside information on how he looks for properties.

Learn more about Loma Homes at their website: https://loma-homes.com/

Jeff’s email: [email protected]

Blue Gems Management: https://bluegemsmgmt.co/

Short Term Rental Meetup: https://bluegemsgroup.com/

[00:00] Episode intro

[00:23] Show intro

[00:56] Welcome to Jeff Brown

[01:14] Jeff’s journey into real estate

[02:06] How Jeff found Joshua Tree before it was on the map

[03:22] Where Jeff sourced his data

[05:34] Determining the annual gross revenue

[06:38] Markets Jeff is excited about

[09:08] Running the pro forma at a high level

[09:52] What is a good comp for an STR?

[11:46] What does the on the ground team look like for Lome Homes?

[15:19] Breezeway for turnover management

[16:17] Blue Gems Management

[16:44] Is the cost of Breezeway worth it?

[17:52] Target returns when looking at a new market

[19:16] Selling based on NOI vs. comps in the area

[22:25] Advice for STR newbies

[23:38] A day in the life of Jeff Brown

[24:12] One last blue gem

[24:52] Where to connect with Jeff

[25:11] STR meet up/outro

Tatianna Taylor Tait has a beautiful story of how loss after loss in her life got turned around and now she’s here to share her success journey and drop some serious blue gems. Tatianna has an extensive portfolio and is sharing her expertise with interior design that makes short term rentals stand out.

Learn more about Tatianna and her business by clicking one of the links below.

Website- http://www.tatiannataylortait.com/

Course- www.thanksforbooking.com

Instagram- https://www.instagram.com/tatiannatt/?hl=en

Blue Gems Management: https://bluegemsmgmt.co/

Short Term Meetup: https://bluegemsgroup.com/

[00:00] Episode teaser

[00:35] Show intro

[01:08] Tatianna and her real estate journey

[08:44] Some tactical things Tatianna learned

[10:39] How does business look today?

[12:56] The size of the team

[13:43] Structuring a deal in Tulum, Mexico

[15:01] Tatianna’s insight on the importance of interior design

[18:30] Blue Gems Management

[18:57] The rule of thumb for budgeting

[22:41] Tips for furnishing on a dime

[25:58] What is the value of Tatianna’s design course?

[28:43] Advice for an Airbnb newbie

[30:20] What would Tatianna do differently if she could go back?

[31:05] One last blue gem

[32:07] Where to find Tatianna

[32:32] Wrap up and outro

Buckle in for today’s episode of Blue Gems where we’re talking with Abraham Gray, From making thousands a week selling baseball cards to making millions, Abraham has a lot of blue gems to share. This man is buying 30 houses a month and is telling us about how he got to where he is today.

FB: Abraham Gray

Youtube: Abraham Gray (https://www.youtube.com/channel/UCplzGExPqM0Ff6RpO_jiuNg)

Blue Gems Management: https://bluegemsmgmt.co/

STR Meet Up: https://bluegemsgroup.com/

[00:00] Teaser

[00:29] Show intro

[01:02] Abraham Gray, the King of Atlanta

[01:39] Abraham’s current portfolio

[02:32] Where to find off market deals

[03:31] Abraham’s business history

[07:23] How Abraham was able to acquire dozens of businesses

[10:13] What’s a good deal on a business?

[12:59] Types of successful businesses

[13:51] Management after buying a business

[15:30] How to make a business attractive for buyers

[19:55] Creating niche businesses and current business ventures

[23:12] Are STRs a business?

[25:07] Does Abraham invest in startups?

[26:02] Advice for new investors

[27:01] A day in the life

[29:23] The last blue gem

[29:51] Where to connect with Abraham

[30:34] Close out

Today we’re talking to Tyler Cerny, a business and international sales consultant. We’re going through the ins and outs of building and growing a podcast and how this can help you in your STR game.

Connect with Tyler:

Instagram- @tylerecerny

LinkedIn- Tyler Cerny

Blue Gems Management: https://bluegemsmgmt.co/

STR Meet Up: https://bluegemsgroup.com/

[00:00] Teaser

[00:28] Show intro

[01:02] Introduction to Tyler

[02:00] Growing a podcast, tips and tricks

[11:06] Ways to optimize your ROI on a podcast

[13:52] What metrics to look at for growth

[17:51] Blue Gems management

[18:17] A podcaster’s budget

[23:07] Walking through the services Tyler’s company offers

[25:06] What Tyler is up to outside of podcasts

[28:47] The real estate market for the Blue Gems men

[30:29] What to focus on as a beginning business owner

[32:27] A day in the life of Tyler

[33:47] One last blue gem

[35:01] Where to find Tyler

Bryndee Barton from Loma Homes is talking to us today about her vacation rental business, which she owns with her husband. Primarily based in the Florida market, Loma Homes specializes in theming and Bryndee is sharing her secrets on STR market.

Find out more about Loma Homes on their website, https://loma-homes.com/ , or on Instagram, @lomahomes

Connect with Bryndee at her email, [email protected]

Blue Gems Management: https://bluegemsmgmt.co/

STR Meetup: https://bluegemsgroup.com/

[00:00] Episode teaser

[00:20] Show intro (new and improved)

[01:59] How Bryndee Barton started into real estate

[05:49] When Loma Homes really started

[06:26] Loma Homes’ portfolio, past and present

[10:16] The pros and cons of LTRs and STRs

[11:16] How big is Loma Homes?

[12:33] Crunching the numbers

[15:09] Exit strategies for Loma Homes

[16:10] Disney talk: theming and the ROI

[23:09] Blue Gems management

[23:35] Expenses of an STR

[24:58] Advice for STR newbies

[26:02] Where Bryndee thinks the STR market is going

[27:04] Do guests take better care of themed properties

[28:17] One last blue gem

[29:42] Where to find Loma Homes

[30:10] STR Meet up

[30:27] Outro

Today we’re talking to Bridgette Whitney who specializes in designing Airbnbs. She walks us through how she designed one of the top rentals in Nashville, gives tips for designing on a budget, and what to ask a potential designer. Learn more about Bridget and her business on Instagram or Tik Tok at @itsbridgettebitch or check out her website, itsbridgettebitch.com

Blue Gems Management: https://bluegemsmgmt.co/

STR Meet up: https://bluegemsgroup.com/

[00:00] Teaser

[00:12] Show intro

[00:48] Welcome to Bridget

[01:00] Bridget’s journey into real estate and design

[03:35] Hiring Bridget and her boyfriend for design

[04:11] Where is Bridget finding the cool pieces

[05:25] Bridget’s portfolio

[05:54] How content has changed the business

[07:07] Bridget’s design vs. the average design

[09:05] How to get the highest ROI on design budget

[16:19] When to hire out design and when to do it yourself

[17:26] How to estimate budget for a designer

[21:10] Airbnbs and management

[22:27] Posting the progress

[23:16] Where Bridget is finding clients

[23:53] Good ways to differentiate from other Airbnbs

[26:22] What questions should you ask a potential designer

[27:22] Adding automation to properties

[28:23] Where’s Bridget’s business will be in the next few years

[30:55] Best advice for an Airbnb newbie

[32:12] What does a day in the life look like?

[33:26] The last blue gem

[34:43] Where to find more about Bridget and her business

Welcome to Yeves Perez, CEO of WorkBNB. WorkBNB is changing the rental game for blue collar workers and opening up a whole new market to STR owners. Listen in to discover more about WorkBNB and how Yeves is pushing to create the next household name in the rental market.

Invest in WorkBNB by checking out wefunder.com/workbnb

Blue Gems Management: https://bluegemsmgmt.co/

[00:00] Episode teaser

[00:27] Show intro

[01:02] Welcome to Yeves Perez

[01:17] Who Yeves is and how WorkBNB got to Florida

[03:08] What is WorkBNB?

[04:29] The differences between a short and long term rental

[05:49] What it takes to commit to work force rentals

[10:18] Helping workers who help the community

[12:54] The regulations in work force rentals

[15:29] Ways to cater to the WorkBNB customers

[19:39] BLUE GEMS MANAGEMENT

[20:05] Cont.

[20:23] Keeping consistency and marketing

[21:36] The differences in nightly rates

[23:39] STR vs. work force rentals on profit

[26:04] What happens if a guest is squatting?

[28:46] Converting STRs into longer term stays

[30:27] The opportunity for requests

[32:17] What’s the launch plan?

[34:27] How to invest in WorkBNB

[39:25] What does a day in the life look like?

[43:41] Where is WorkBNB in the future?

[45:31] The last blue gem

[48:07] Wrap up