Subject to investing is taken to the next level with Banditsigns.com creator and high-level real estate investor David Alexander. We go over some great tips to increase your income and find more deals with bandit signs. David is a provider of bandit signs to wholesalers and investors nationwide. He is also a creative financing expert. We go over a number of ways to structure advanced deals like his Sub3 an innovative way to do subject to deals.

David Alexander – [email protected]  

Show Notes:

00:00 – 01:33 Introduction

01:33 – 03:20 How David started?

03:20 – 09:23 Good strategies to jump in and scale your business quickly with bandit signs.

• Became a driver
• Find your territories
• Form your crew

09:23 – 14:11 Placement of signs?

14:11 – 16:46 How to designee your sign?

16:46 – 28:49 ”Sub2” Deals

• Rentals

28:49 – 40:00 What David does when he does not use “Sub2”?

• Sub3 Deals

40:00 – 41:38 Mentorship and Mastermind Events

41:38 – 58:04 How to get high down payment?

58:04 – 60:04 Contact information

           [email protected]  

In this episode, we talk about turn-key rental properties. Turn-key rentals are a great way for new investors to get in the business. Detroit rental homes are one of the best investments in the country right now and Detroit is quickly becoming a new favorite location to own property for many investors around the country at the moment.Detroit turn-key rental provider is exploding right now under the direction of Mike Jordan. Mike and his team are doing around 30 turn-key rentals a month helping real estate investors around the country with limited time get big time cash flow by providing a high-quality turn-key rental product. They handle the entire process from the acquisition, rehab, finding the tenant, and managing the property on the back side.Mike shares with us a ton of valuable information, so make yourself comfortable and enjoy while listening to this episode!

Strategy Properties –  www.strategyproperties.com

Show Notes

00:00 – 01:53 Introduction

01:53 – 03:36 How Mike got into the business and what kind of company he owns?

03:36 – 08:32 What is a turn-key rental property?

08:32 – 11:12 Pricing for a property management and what is included in service?

11:12 – 19:00 Opportunities in Detroit, what can you expect, usual price points?

19:00 – 25:39 How organize your turn-key business and to find deals?

25:39 – 28:44 Bus tours and personal tours.

28:44 – 31:44 Process of purchasing a property.

31:44 – 33:54 Ordering process.

33:54 – 36:36 Typical property type  

Wayne Sheaffer and his partner Tom Olson run a massive real estate company in Indiana where they are literally doing a deal a day. They run an office with around 30 employees and are wholesaling houses, flipping houses, and doing rent to own. They have a special program which they call their ATK, active turn-key, or houses that they have learned to maximize and profit on with every step of the sale of a house. They are primarily wholesaling houses and are doing so virtually in multiple markets. In order to wholesale this many houses, they put in a total of over 150,000 offers in 2016.Wayne has been a part of thousands of real estate deals and is an inspiration to us all. We had an honest and real conversation. He shared his success story, with all ups and downs that occurred in his entrepreneurial path.Grate talk, enjoy it!

Good Success – www.goodsuccess.com

Show Notes:

00:00- 02:18 Introduction

02:18 – 06:41 Wayne’s story

• Learn from your mistakes
• All you got to do is to get up one more time than you get knocked down

06:41 – 08:50 Main mistakes that people make

08:50 – 13:47 How Wayne partnered with Tom Olson and how they organize their business?

13:47 – 18:56 Wayne’s turn-key process

• Buy houses where no one else is buying
• Work hard and be persistent

18:56 – 20:46 Virtual wholesaling

20:46 – 27:21 How Wayne grew his business?

27:21 – 32:01 Company organization

• Track your activity

32:01 – 39:25 Good Success

• Belief event
• Mastermind event

39:25 – 45:12 Peaces of advice for new investors

• Find a mentor

Kim Stallings from Heritage Risk Advisors shares with us all the ins and outs of the insurance business as it pertains to real estate investors. We go over vacant dwelling policies, builder's risk policies, and landlord tenant policies. We cover what happens in case of water damage or other catastrophic damage to your properties that you work so hard to get. Insurance for real estate investors is very important and understanding which policy to have in place at which time is very important and an expert like Kim is a great addition to your team.

Kim Stallings – [email protected]   

Heritage Risk Advisors - www.heritagerisk.com

Show Notes:

00:00 – 01:25 Introduction

01:25 – 03:03 What Kim does as an insurance agent?

03:03 – 06:50 Why individual cannot insure property just for a loan amount, but only for a purchase price or a market value?

• Coinsurance penalties

06:50 – 12:01 Water damages

12:01 – 18:20 Admitted insurance vs. Nonadmitted insurance

18:20 – 20:54 Builders Risk Policy

20:54 – 24:08 Vacant Dwelling Policy

• vandalism vs. theft

24:08 – 26:15 Switching policies

26:15 – 29:16 Best way to choose policy?

29:16 – 30:50 Ability to extend policy

30:50 – 33:53 Renters insurance

33:53 – 36:49 Different prices for the same properties

36:49 – 39:11 Replacement costs

39:11 – 42:20 How insurance companies form their premium price?

42:20 – 44:28 Kim’s contact information

Major Hillard is a mobile home park buying investor and is buying mobile homes. He is an experienced entrepreneur and investor from Virginia and is buying both single wide and double wide mobile homes and has now been buying full mobile home parks in multiple markets. Major discusses the pros and cons of buying mobile homes and mobile home parks and he goes over how he structures and finances these mobile home deals. Major is also a coach and trainer to mobile home investors and is looking to partner on deals all around the country.

MH Estates, LLC - www.mhestatesllc.com

804-629-1700

Show Notes:

00:00 – 01:25 Introduction

01:25 – 03:40 What Major does and how he started?

03:40 – 09:33 Mobile home parks vs. mobile homes on their own land?

09:33 – 17:30 Installment sale. The main strategy for single unit mobile home.

• Get your original investment out as quick as possible; you want to cash yourself out!
• Do not do carpet!
• Do not rent your properties, use installment sales.

17:30 – 20:40 Why mobile homes are a good investment?

20:40 – 32:26 Price points and evaluation?

• Talk to park manager
• Watch for parks that allow investors

32:26 – 35:30 What to do once you buy a mobile home?

• Look for return of 2,5 to 3 times of your initial investment
• Down payment higher than 20%

35:30 – 48:15 Majors first mobile home park. The Process of buying the park.

48:15 – 61:20 How to scale up?

• Ask – What is the situation, how can I help?

61:20 – 68:00 How to contact Major?

Gary Harper is a business system master and turns around businesses for real estate investors as well as scales already successful companies to the next level. Gary was an executive in a fortune 500 company and became certified in Six Sigma. He is also a trained EOS implementer and a certified John Maxwell coach. This is a great episode and you can learn a lot from Gary Harper on how to structure your business for growth and how to think correctly about business systems.Gary Harper – [email protected]

Good Success - www.goodsuccess.com

Sharper Process - www.sharperprocess.com

Show Notes:

00:00 – 01:30 Introduction

01:30 – 05:08 Garys background, and how he got connected with Wayne Shaffer and Tom Olson and created Good Success.

05:08 – 07:11 Mastermind Events

07:11 – 11:25 What is Six Sigma?

• Focus on core processes, typically in real estate world there are 6 to 10 core processes

11:25 – 15:50 Benefits of hiring virtual assistance

15:50 – 22:36 What is EOS in comparison with Six Sigma?

• Entrepreneur Operating Systems
• Six key components of a business: vision, data, people, issues, process and traction (goals and meeting within your business)
• Good business system allows you to have right vision in your business

22:36 – 25:42 Scaling properly

• Surviving, thriving, metering

25:42 – 28:08 John Maxwell teachings

28:08 – 31:53 Implementing business system and process management

31:53 – 34:28 Biggest blocks that hold people back     

34:28 – 38:02 Contact information

Mobile Home Expert Glenn Stromberg goes into detail and shares his knowledge and wisdom of the mobile home business which he started in back in 1982. Glen was a top sales manager for a mobile home dealership, he was owned a mobile home park, bought and sold a large number of mobile homes, and he currently has his focus on targeting Double Wide Mobile Homes on land. Glen works closely with his partner Dr. David Phelps and the Freedom Founders group allowing Dentists to quit and sell their practice and go into real estate investing full time. Glen is a coach and trainer to mobile home investors and can also help with aligning insurance and property management for your property. Glen is one of the most knowledgeable individuals today when it comes to investing in mobile homes and is a good guy to get to know if this of interest to you.

Glenn Stromberg – 817-966-1258

[email protected]

Stromberg Investment Group – www.stromberginvestmentgroup.com

Show Notes:

00:00 – 02:05 Introduction

02:05 – 04:33 How Glenn Started with mobile home investing

04:33 – 07:07 Long term notes. Two strategies that Glenn currently uses:

• Passive investor
• Turn key model

07:07 – 09:30 Freedom Funders Master Mind Group

09:30 – 11:22 How Glenn sources deals?

11:22 – 13:53 What is determination whether property is real property vs. personal property?

13:53 – 15:35 Price points

15:35 – 16:32 Why are mobile homes a good investment?

• Look for a good property in a good area

16:32 – 18:35 Do not buy property for a motor home that you got for a small amount of money but without the land.

18:35 – 21:15 How to choose a location for a mobile home? Preferable age for a mobile home.

21:15 – 21:55 Typical rental price.

21:55 – 25:30 Fix and flip deals

25:30 – 26:28 How to analyze deal?

26:28 – 27:52 Property management company

27:52 – 28:25 Quest IRA event

28:25 – 30:15 Glenns training program

30:15 – 34:42 Mobile home parks investing

34:42 – 33:20 Insurance and license

33:20 – 37:42 Owner financing. Seller financing.

37:42 – 48:55 Ownership of mobile home park

48:55 – 41:55 Contact information

Ron Carlson is the owner of Renovation Gurus, company that has been involved in hundreds of real estate transactions in one way or another and has analyzed thousands upon thousands of properties. They first started working with investors helping them capture large portions of equity in real estate. Now it seems they are doing it all, doing over 30 rehabs a month. They have exploded on the scene and are helping investors with contracting work and contractors over the past 3-4 years.One of the biggest headaches a new investor has is working with contractors. Well all investors have problems working with contractors and in today episode Ron shares his expert advice on how to deal with working with contractors the right way.

Ron Carlson - [email protected]

Renovation Gurus - www.renovationgurus.com

817-566-4346

Show Notes:00:00 – 01:30 Introduction

01:30 – 07:15 The best way to handle payment structure when working with a general contractor?

• What kind of payment they accept
• Two separate categories: general contractor and subcontractor
• Have a clear agreement of what will you going to get, then you can pay them

07:15 – 10:12 How much is a good amount to give them to start a project, do you pay for materials up front?

• Have insurance
• Pay as little as possible up front

10:12 – 13:15 Insurance and licensed contractors

13:15 – 15:44 Illegal workers

15:44 -20:15 Requirements when you hire GC?

• Look for red flags
• What kind of tools does contractor have?

20:15 – 26:36 How to handle subcontractors that did not get paid by the general contractor that you have a deal with?

• How to deal with lien

26:36 – 29:18 How to handle a situation in which your property is damaged?

29:18  – 33:10 Keeping your crew around and keeping your workers happy.

33:10 – 35:36 How to deal with competitors?

35:36 – 41:23 Workers on salary? Problems with workers.

41:23 – 47:20 Change orders

• Treat it like completely separate bid

47:20 – 52:21 Know your bid fast

52:21 – 55:03 Contact information

We have an absolutely amazing guest today, Daniil Kleyman is someone that I personally look up to. He is a world traveler, as well as well known world class real estate investor, entrepreneur and businessman.  Daniil started as a real estate investor, he transited in development, however, he is well known as a software developer and his platform Rehab Valuator. All mentioned Daniil manage to built after 2008. economic crisis when he decided to leave  Wall Street and start his own business.

He is well-known in the Virginia area for growing a rental portfolio extremely fast and creating massive cash flow. He can easily be known as the cash flow king of the area.Daniil is now building and developing single family and commercial properties all over Richmond. He is an expert real estate investor and a high-level entrepreneur and someone who everyone needs to follow.

Daniil Kleyman - [email protected]

GET FREE VERSION OF "REHABVALUATOR" BELOW....https://tvallc.isrefer.com/go/RehabLi...

Show Notes:

00:00 – 02:10 Introduction

02:10 – 08:44 Daniils transition from Wall Street world to Real Estate

08:44 – 11:30 Areas that Daniil prefer in Richmond, Virginia and way he grew real estate business

11:30 – 14:25 Loans that Daniils use for his  properties

• Local community banks
• Debt coverage, debt income ratio

14:25 – 20:25 Rehab Valuator

• Benefits of using Rehab Valuator

20:25 – 24:28 Danills transition into development

24:28 – 29:35 Transition hardships, from rehabber to developer

29:35 – 35:00 Hiring property manager

35:00 – 39:05 What is next for Daniil Kleyman?

• Grow organically

39:05 – 40:45 Joint ventures

40:45 – 42:45 Main advice for new investors

42:45 – 45:58 Contact information

In this episode, we interview an amazing individual who has accomplished more than most people would ever have dreamed of doing. He has bought and sold thousands of houses.Walter Wofford out of Jackson, he is someone who I look up to and learn from. He has a unique way of owner financing houses where he creates two notes and sell's the first note.We go over owner financing the Jackson way in this podcast as well as talk about AirBnB and what Walter is doing for big cash flow down town.He is also a co-founder of Financial Friends Network together with H. Quincey Long. Walter and Quincy organize the best cruise networking events, where you can meet investors just like you doing amazing deals while connecting with the right people and gain high-level education and training.

Walter Wofford 601-594-8300

[email protected]

Financial Friends Network www.financialfriendsnetwork.com

Show Notes:00:00 – 02:05 Introduction

02:05 – 06:19 Deals in Jackson

06:19 – 08:59 Homeownership Wofford model

08:59 – 13:32 Forming a sale price for a property  

• Interest rates

13:32 – 17:17 How to grow and self-direct your IRA?

• Two note model

17:17 – 19:11 Why is good to have someone beside you in the second position?

19:11 – 21:29 Inherited IRA

21:29 – 29:30 AirBnB

• AirBnB property management
• Screening process and rating

29:30 – 31:16 Out of state buyer and property management companies

31:16 – 33:05 Grow your army

33:05 – 39:32 Financial Friends Network

• Networking and events

39:16 – 41:53 Walters contact information