Pillars Of Wealth Creation

Minnesota Real Estate Exchangors (MREE) is the real estate and business networking organization for real estate investors, property owners, licensed real estate professionals, allied vendors, and trusted advisors. In this episode we discuss the state of the market, trends that are positive and negative in the industry and mistakes made. The panel consists of both commercial and residential investors and agents who have years of experience. Say hello to Scott Miller with Keller Williams (651) 283-6803, Bill Lykken with Crown Senior Living (952) 913-8383, Ian Colville with Carpathian Capital at carpatiancapital.com and Todd Wilson with Thor Commercial at thormidwest.com.

This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

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Now that you have found a deal and determined that it’s worth making an offer, we need to formulate the offer and present it. You will be either making an offer to a broker or directly to the seller. Before submitting your offer, you need to determine what your maximum offer will be – your strike price. You also need to decide the ideal price and how low you want to start. A lot of this will be determined by the market cycle and the competition involved.

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel:

https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

John Stiles is a licensed MN real estate agent with Bridge Realty.

To learn more, check out John’s website: www.RealEstateStiles.com

You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Todays guest Jeff Cohn owns and operates multiple businesses and has mastered the art of leveraging others and systems. Jeff's companies are integrated around each other all feeding off of each other to grow and become successful. Listen along as we talk about what it takes to be successful at a high level like Jeff.

Say high to him at www.omahseliterealestategroup.com

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel:

https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Underwriting is all about the numbers with a dash of common sense. The property that you are looking at will have a history of what current rents and expenses are and a story. One of the most important keys to a successful apartment deal is the purchase. You need to determine if it is a deal or not. The value of the property is based on the income that can come in and that’s it. Too often do we see people chase a deal, just to buy something or because it’s in a great area and they expect it to appreciate. When we see that, we wonder when that building will be coming back on market as a distressed asset for us or you to grab at bottom dollar and at a price that will work!

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel:

https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

John Stiles is a licensed MN real estate agent with Bridge Realty.

To learn more, check out John’s website: www.RealEstateStiles.com

You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Are you working a full time job and want to build wealth? Todays guest Brian Doyle talks about doing just that. Brian and his wife both work full time jobs, yet find the time to invest in real estate on a very consistent and active basis. In this episode we discuss getting your finances right, being creative when you are looking to buy anything and being sure that you work with people that you can trust. You can connect with Brian at [email protected]

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

In this episode we talk about finding your team to successfully purchase and run your real estate business. Building a power team is critical to your success, so beyond a real estate broker, we discuss the other important members of your team

1. Property Manager

2. Attorney’s

3. Property Inspector

4. Lender

5. Insurance Agent

6. Contractor

7. Appraiser

8. 1031 Specialist

9. Accountant

10. Cost Segregation specialist

11. Environmental company

12. Investors/Partners

Check out our latest blog here:

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

John Stiles is a licensed MN real estate agent with Bridge Realty.

To learn more, check out John’s website: www.RealEstateStiles.com

You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Michael Blank discusses the value of starting big with apartment buildings vs. starting small and waiting to graduate. Michael talks about the “law of the first deal” and how getting started is extremely important and allows your business to snowball. Michael also talks about his mistakes along the way as well as his mission to teach others how to get started with investing and go big from the start. Connect with Michael Blank at www.themichaelblank.com and check out his podcast: www.themichaelblank.com/podcasts/

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

In this episode we talk about one of the most critical team members that you will have and that is real estate brokers. Your real estate business will only grow if you can find and buy deals and real estate brokers are going to be one of your best sources of deal flow. If you are buying apartment buildings, then you need a commercial real estate broker, not a residential agent and there is a big difference. In the commercial apartment world brokers/agents are typically always farming for new listings. The goal is to list, list, list and with that they should be able to sell, sell, sell.

Check out our latest blog here: https://www.linkedin.com/pulse/apartment-investing-series-working-brokers-todd-dexheimer/?published=t

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel:

https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

John Stiles is a licensed MN real estate agent with Bridge Realty.

To learn more, check out John’s website: www.RealEstateStiles.com

You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

MC Laubscher talks with us about setting ourselves up for financial freedom. In this episode we discuss going from owning nothing to creating financial success. M.C. is a wealth strategist, educator, and financial freedom fighter. He is the President and CEO of Valhalla Wealth Financial and creator and the host of the popular business and investing podcast, Cashflow Ninja. Connect with M.C. at www.cashflowninja.com and http://www.valhallawealth.com

This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at Norada Real Estate. If you’re looking for the best turnkey investing company or want a free investment strategy session visit www.noradarealestate.com.

Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review.

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

In this episode, Todd Dexheimer and John Stiles continue their discussion about buying apartment buildings.

After you decide that apartments are the asset class you want to pursue and that you are going to be the person putting together deals, you'll need to narrow down your search.

Consider which Class of apartment you prefer: A, B, C, or D. Each has it's own benefits and challenges.

You'll need to choose the number of units that you will consider, age of the building, location, and price range.

Also, will you be looking for plug-and-play properties or value-ad opportunities?

Once you've set your criteria then you need to understand where to find the deals. Listen to the episode to learn more.

Check out Todd's article on this topic here:

https://www.linkedin.com/pulse/apartment-investing-series-buying-todd-dexheimer/?published=t

Have questions or comments about investing in apartment buildings? Comment below!

Connect with Pillars Of Wealth Creation on Facebook:

https://www.facebook.com/PillarsofWealthCreation/

Subscribe to our email list at www.pillarsofwealthcreation.com

Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

John Stiles is a licensed MN real estate agent with Bridge Realty.

To learn more, check out John’s website: www.RealEstateStiles.com

You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww