OPM Mastery

I have always bought single family rentals, except for one duplex I bought last year. I sold that duplex this year for a nice profit, but single family homes have been very good to me. I am not going to say single family homes are always the best investment, because I think different investments work better for different people in different markets. I stopped buying rentals in Colorado because our prices have increased so much in the last few years. Many people have asked me if I have thought about investing in multifamily housing, since prices are so high. I have thought about multifamily, but the prices for that segment is extremely high in Colorado as well. I have also thought about commercial real estate investments the last couple of years for personal reasons and investment reasons. I don't like many commercial investments, because the market is so cyclical and commercial properties can be very complicated. However, I do have certain commercial niches I am interested in, and may invest in shortly. On episode number 70 of the InvestFourMore Real Estate Podcast, I talk about my investment choices, why I make them, and what my future plans are.

The United States has a very unique real estate market. People in the US might not realize it, but this is one of the best places to invest in real estate in the world. The US has great financing for real estate, great rent to value ratios, and affordable properties in most of the country. Reed Goosens is from Australia and always had an interest in real estate investing, but investing in Australia is extremely difficult. The minimum prices in Australia are over $300,000 for a property and it is almost impossible to cash flow. The banks are requiring as much as 40 percent down for the investors as well. Reed knew he wanted to buy rentals, but also knew he needed a different part of the world to invest in. As a structural engineer he had a job that allowed him to travel the world. On this episode of the InvestFourMore Real Estate Podcast we talk about how Reed started investing in US real estate as an Australian citizen and how he has moved on to syndicating large apartment deals.

Randy Hughes is my guest on this weeks episode of the InvestFourMore Real Estate Podcast. Randy grew up poor, but found real estate when he was in college. He began investing in single family rental homes and has since bought over 200 houses. Randy learned about the best ways to protect his real estate assets along the way using land trusts. In fact, some call Randy Mr. Land Trust because of his vast knowledge on the subject. Not only does Randy teach his techniques online, but he has taught classes at colleges and is licensed to teach with the Illinois Association of Realtors. On this episode Randy gives us a lot of information on why land trusts are such a great tool for real estate investors as well as many other tips to protect investors.

On this episode of the InvestFourMore Real Estate Podcast I interview Frank Rolfe. Frank has been investing in mobile home parks for decades and with his partner Dave Reynolds has the 5th largest mobile home park portfolio in the United States. Frank started buying mobile home parks while attending Stanford, because he had to start a business for school. He did not realize buying mobile home parks would become his career and an awesome business. Over the years Frank has learned how to find mobile home parks that are well below market value, improve them, and then either keep them for cash flow or sell them.

Belinda Savage grew up in New York and started working in wall street at the agent of 17. She was a bond trader at 24 and eventually got into the self-directed IRA business. Belinda grew up around stocks and bonds, but loved the real estate industry when she was introduced to it. In this episode of the InvestFourMore Real Estate Podcast, we talk about how she got started in wall street, how she transitioned into the self-directed IRA business, opportunities for investors, what she thinks of the housing market, advice for new investors and much more.

Tax lien investing is one thing I have never done. I have kept busy with flips, rentals, and running a real estate team. However, After my interview with Ted Thomas on this weeks podcast, I am considering learning more about tax liens myself. Ted has been an expert on tax liens for decades and seen the industry change over the years. Ted has also been a very active investor for decades buying commercial, and residential rental properties. After decades of investing Ted loves to buy tax liens because of the incredible deals he can get on them. Ted discusses on the podcast how to earn great returns with tax liens (up to 24 percent interest) and how to buy properties at steep discounts (40 cents on the dollar).

On this episode of the InvestFourMore Real Estate Podcast, I interview Paul Sian. Paul is a real estate agent and a real estate investor. Paul started out part-time as a real estate agent and has become very successful in the blogging niche. Paul works on his own as an agent now, but is looking to hire an assistant to build his business. He has also invested in rentals properties and is looking to start flipping homes as well in the Ohio and Kentucky area.

On today's episode of the InvestFourMore Real Estate Podcast I talk with Matthew Tillack who is an expert on using self-directed IRAs to invest in real estate. Matthew is also a real estate investor himself with multiple active flips and rentals. Matthew works with The iPlan Group which is a company that specializes in self-directed IRA investments. I bought a turn-key rental property last year using my self-directed IRA in Cleveland. There are many rules and regulations when you use a self-directed IRA to invest and it is wise to use experts to help you with the transaction. The great thing about using an IRA to buy real estate is the government has many tax advantages for retirement accounts. When using a ROTH or traditional IRA you will defer and in some cases save money on taxes.

On today's episode of the InvestFourMore Real Estate Podcast I speak with Justin Gesso, who is my team manager, a real estate agent, a property manager, an entrepreneur, and he has now written a #1 international bestselling book! In fact, he is doing something very special for InvestFourMore readers only. He's giving away 5 signed copies of the book, which you can check out here.

Justin was a high level corporate manager making great money when he decided to quit his job and get into the real estate business. Justin and I were college roommates and have been friends for many years when he decided to come work with me instead of continue in the corporate world. I think Justin was tired of the uncertainty, the ceiling on income (unless you are willing to give up your entire life), and the stress of working as a high level manager.

It did not take Justin long to succeed in real estate as an agent, a property manager, and a team manager. We hear all about it on this podcast episode.

Some of you may have noticed I have been in the media a fair bit recently. I was featured in a Washington Post associated press article about real estate agents a couple of months ago, which was picked up by MSN, Yahoo, Time, and many other major media outlets. I even had to do a photo shoot for the article, which was extremely cool. I did not get that media coverage by sitting around and waiting for people to find me. In fact, I signed up for a public relations company to learn how to reach reporters and the media. Josh Elledge is the head of that company (UpEnd PR) and helps many people get PR and has been mentioned over 2,000 times by the media himself. Josh also runs a savings blog and podcast called savingsangel.com, which has had over 5 million dollars in sales, mostly thanks to media coverage. Josh works with real estate investors and real estate agents to gain PR and improve their business.