Guide 2 the Grind

I remember when I first started in Real Estate, it was such a massive subject. The first couple of years were really  about trying to piece together all of the different strategies, finding what I liked, and more importantly, what I didn't like. 

Heck, let’s be honest….. Most of that time was spent just trying to learn the lingo and not look stupid when I was networking. 

But a funny thing happens along the way when you’re intentionally seeking knowledge, you get it. 

By being around the right people, learning the market you’re in, and really diving deep into areas of specialty, something magical happens, and you achieve what seemed so daunting in the beginning. 

Today’s guest on the “Real Investment Property Income” podcast is a perfect example of that. Karl Krauskopf started flipping houses in his spare time, and now has a stable of investors with a big appetite for his project expertise. Karl’s value-add strategy around Seattle specific opportunities truly highlights the value of learning as much as you can about the market you’re in, mastering it, and expanding. 

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It’s all well and good to learn everything you can about investing, but what are the two most important things a person needs to learn?

Number one is easy… don’t lose money.

Number two is harder… get started. 

Today on the “Real Investment Property Income” podcast, Geoff and I are talking about some of our experiences when we first started investing, and the key takeaways he garnered. 

It’s funny, we don’t realize it as we’re growing, but looking back, you can certainly see that it’s been a long journey. 

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Well… this conversation took a huge turn from where we started out.  

Zach Morrow is the VP of Investor Relations for Boron Capital, and a veteran of the Marine Presidential Security Force.   

(Side note… I love that I get to meet people like this all the time!)  

Boron is a real estate hedge fund down in Lubbock, Texas. That’s where the conversation began, totally normal, talking about their investing strategies, and how they assess their properties, and understanding how they acquire both the business and the property.  

That’s when the conversation changed.  

You see, Boron also invests in crypto, about which Geoff and I know very little.  

I have to say, after this conversation, I can see why so many people are shouting from the rooftops about this technology. We really only started to scratch the surface of Zach’s knowledge of the space, and what he had to say was nothing short of mind blowing.  

Heck, it even left Geoff speechless. (that’s very rare)  

Listen to Zach Morrow educate us on the Crypto sector, and just some of the ways this technology is transforming everything it touches, on this episode of the “Real Investment Property Income” podcast.  

Crypto is a far deeper subject that we could have imagined, and it truly does have the power to change the world!

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So… you may need to hold on tight for this guest. We covered so much in an hour, and barely scratched the surface of all the things he’s achieved. 

From writing books, to flipping houses, to building skyscrapers in New York City, to developing “horizontal skyscrapers”, and even performing stage magic, Ken Van Liew is getting every drop of “juice” out of life. 

Ken has a massive amount of energy, an endless drive to help people, and so much going on in his world that it’s mind boggling. Yet Ken is absolutely in the driver seat, and truly living every moment with intention. 

It’s absolutely necessary to give this episode of the “Real Investment Property Income” podcast a listen. The interview with Ken Van Liew is incredibly inspiring!

www.guidetothegrind.com

As a homebuyer, or an investor, we expect the professionals we hire to look after their area of specialty. 

Realtors handle the purchase and sale… mortgage Brokers handle the financing…home Inspectors handle the inspection…

But what’s missing?

That’s a tough question to answer when you don’t know what you don’t know. 

Due diligence is our responsibility as the one buying a property, but we need to know what to look for during the “DD” period. 

You see, it’s not enough just to hire a team of professionals to help. All of the licensed professionals can be the best in their field, but there's always a chance for gaps to appear between their areas of specialty. 

For instance… What is the zoning on the land?

It's possible that if the property isn’t zoned correctly, a lender won’t finance it. 

All it takes is a small miscommunication, or a small gap in knowledge, to make a deal go south in a hurry. 

On this episode of the “Real Investment Property Income” podcast, we’re talking about due diligence, and what to look out for when you’re buying a property. Whether you’re an investor, or buying your first place, you’ll want to take some notes during this one. 

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Here’s the second part to last week’s episode on Starting Over. 

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Have you ever had to start over?

I know I have. 

Life is nothing if not unpredictable, and the financial, but more importantly, the emotional impact of a reset can be crippling. So how do you deal with it?

Today on the “Real Investment Property Income” podcast, Geoff and I share some of our personal experiences with starting over, and the strategies we've used to get through it.  

Whether it’s the closure of a business, the ending of a relationship, an illness, or any other of the myriad challenges that life can throw our way, it never hurts to hear how others were able to combat the tumult that follows. 

www.guidetothegrind.com

With Valentine’s Day just around the corner, the romantic in me can’t help but have one thing on my mind…  

…credit  

That’s right, not flowers, or chocolates, not dinners, or a night by the fire, but good ol’ fashioned credit.  

I can already hear the comments popping up, “that’s not very romantic”, or “boy I’m glad that’s not my man”, but hear me out.  

While romantic evenings, and intimate moments with your significant other are super important to keep the home fires burning, they’re only temporary. And what’s worse, if you do them too often, they aren’t nearly as special, it’s just human nature to take things for granted after a while.  

I understand that credit isn’t very romantic, and it’s certainly not sexy, but… in the world we live in, at least here in North America, it’s integral to the long term success of any relationship. After all, what’s the most common argument that couples have?  

Money.  

In this episode of the “Real Investment Property Income” Podcast, Geoff and I are talking about everything from debt, to credit repair, to how to get a perfect credit score.  

So, if romance makes me think about credit, and credit is one of the most important keys to keeping a relationship together long term, doesn’t that make me more romantic than most?  

Happy Valentine’s Day,

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Well… we made it. We’re celebrating our one year anniversary…

…a little late. 

But better late than never. 

Anyhow, we decided to revisit our most popular episode, and also the very first one we ever did, “Knowing the True Cost”. 

I’m sure there’s some things we missed, and of course there’s a million different variables that affect the bottom line, but we did our best to cover all the costs associated with all types of lenders, including Rent To Own, and private lenders. 

We also highlighted some of the pitfalls to look out for at every level of lender, on this week’s episode of the “Real Investment Property Income” podcast. 

www.guidetothegrind.com

Today on the “Investment Property Income” podcast, we have one of our closest friends and business associates, David Hirsch, joining us.  

David made the shift from Realtor to Real Estate Investor, and now owns four multi-family rental buildings in Long Beach, California.  

His “Value Add” strategy is earning him some very comfortable returns, and he’s now in a position to re-finance and take equity out of the existing properties to purchase more properties. 

Not only is he a savvy investor, but he’s also a great guy to hang out with.  

www.guidetothegrind.com