Protect Your Wealth

In today’s video I talk about buying Airbnb properties as short-term rentals and go in depth about three important mistakes to avoid ⬇️

1️⃣ Never buy a property based on Airbnb financials

2️⃣ Overestimating the rental rates

3️⃣ Underestimating the expenses

Understanding how to analyze long-term rental rates, underwriting the property, and considering multi-family properties as a consistent and reliable source of income is the key to real estate investing in my opinion.

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Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

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Video Translation:

In this video, I'm gonna explain to you why you should never buy an Airbnb based off the income that the property brings in on the short term rental. My name is Jason Lee, I'm a multi family real estate investor here in San Diego and I also own my own commercial real estate brokerage with 11 amazing agents. Let me start off the video with a very quick story on how my client's friend lost his ass and is now in pre foreclosure about to get his property taken by the bank because he bought a property based on airbnb financials. My client's friend, long story short, bought a three bedroom house in Phoenix, Arizona and bought a duplex here in San Diego. The numbers worked very well with the airbnb short term rental rates like it was a double digit cash flow return. He was like great, let's do it. I'm excited. I'm going to buy these properties. This was end of 2021 middle 10 to 2021 when the economy was great. So the short term rental rates were going crazy. The market was hot, things were great and everyone was making money whether you're smart or stupid, right? But then recession happened, rates skyrocketed. People are getting laid off left and right from Facebook, Google Tesla, etc. This caused a lot of short term rentals to get hit in certain areas. This person and a lot of other people that I know that are in my circle are losing money right now. I'm going to tell you this video on the three mistakes that you need to avoid so that you never lose money on buying real estate mistake. Number one, the most important mistake that you should never ever buy a property based on the airbnb Financials or pro former pro former, meaning that this is the market income that an Airbnb will bring in a month. Let me give you a quick example. In San Diego, a one bedroom goes for about 2000 to $2200 a month with an Airbnb Pro form A that can be juiced up to 4002, even $6000 a month with short term rental rates here in San Diego. So a one bedroom will go for anywhere from 1 52 to 50 a night for a good location. The bad thing about this is if you buy base the numbers of the airbnb and the property can't carry itself on the long term rental rates and you can't pay the mortgage, you are taking a huge risk. Let the airbnb Financials be like icing on the cake but never utilize that to actually buy a property. Let's say you look at a fourplex or even a house in San Diego, you always want to run the numbers...

#airbnb #airbnbinvesting #shorttermrental #realestateinvesting #realestate #realestateadvice #realestatetips #sandiegorealestate

Today on episode 109 of Get Out of The System Podcast I sit down with Anne Mahlum and we have a great conversation about her story venturing into and succeeding in the entrepreneur world. From helping the homeless through a running club, giving up a corporate career and making the switch to scaling high end fitness boutiques, join us in todays episode and learn more of Anne's story! She is an inspiring entrepreneur and philanthropist. With multiple successful ventures to her name and a self-made net worth of over $100M, Anne is a proven leader with a passion for creating businesses aimed at helping people be the best versions of themselves.

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Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

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➡️➡️ Connect with Anne Mahlum:

https://www.annemahlum.com

https://www.instagram.com/annemahlum/

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Video Translation:

..So would you mind telling the audience more about who you are?

Yeah, I think, you know, I'd like to describe myself as an entrepreneur who likes to create and build things with purpose that I'm really passionate about, that make people's lives better. So I, I love the beginning stages of company. I'm a pretty decent risk taker. And so as you might imagine just anything that I like, get involved in, in the beginning stages, whether it's creating a brand, you know, opening locations, those are usually the areas that people shy away from because it's creating something from nothing. And I just, I just love that stuff and I really kind of played big in the experiential fitness and wellness categories. Um, one of my like mottoes with businesses. I don't get involved in things that I'm pretty sure I can't win at. So that space I feel very sophisticated in and very well versed in and think I understand the audience, the product, the offerings, um, sort of what's missing in the market and how to deliver on an experience that keeps people coming back.

Did you know from a young age that you were gonna be an entrepreneur or how did you kind of fall into that path? Yeah.

You know, I think like you pay, you have to pay attention to yourself, your thoughts, what you like, what you don't like and where your mind wanders. And I felt from a pretty young age that I was supposed to do something special. And I think like most of us at some point as we get older, you know, we're like, someone just tell me what it is and I'll do it because it's hard to figure out there's a lot of friends that I have and people that, you know, say they can't figure out their passion,

they don't know what it is. They're supposed to be sort of doing what their big thing is and what they're here for. And I definitely had those moments mainly in my mid twenties. Um, I spent a lot of time by myself and I just started to pay attention to what I really like to do. And as you mentioned, um, I consider myself an athlete the level of athletes up for debate, but I'm a marathon. I love beach volleyball, you know, played varsity sports and I just love to be active and move my body. And my first entrepreneur effort actually happened by being on a run And I was running by homeless shelter in 2007 in Philadelphia. And past these group of guys that I started to connect with and I quickly realized that why am I just, why do I get to be the runner?..

#business #entrepreneur #businesstarter #networth #sucessful #womeninbusiness

Today on the podcast we are talking about one of the BEST investing niche markets with our guest Rich Somers. Rich is investing in some untapped markets and seeing a lot of opportunity in this specific space of boutique hotels. Stay tuned to learn more!

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Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

--

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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Connect with Guest:

Instagram -https://www.instagram.com/rich_somers

Website- https://somerscapital.com

Video Translation:

...that was my seed money to get started. I also pulled out a home equity line of credit and use that money to put down on my first deal, which was 11 unit multi family deal in Cincinnati. And then shortly after that, a partner with a couple of guys, we J V to 32 unit deal in Indie. Um and then started a podcast, learned how to raise private money and then started taking down larger deals.

Um took down about 300 units out in Greensboro, North Carolina. Those were our first couple syndications and then um started doing some short term mental stuff on the side and realized man, these things are cash flowing really nicely. And so I started building out a management company to manage those short term rentals. And so now we manage a portfolio of short term rentals and boutique hotels kind of throughout the country.

About 78 markets. And right now I'm going all in on boutique hotels. I thought, you know, if we can use this management company to manage these boutique hotels remotely free of on site management. Um It'd be a good way to, you know, for some value out appreciation and that sort of thing.

So about the first hotel about five months ago, up in northern California, 10 rooms beachfront And we're using this management company to operate it. And now we got a 24 room hotel here in little Italy locked up and we should be closing on that in about three weeks.

That's awesome, man. It's a great story. Uh Take us back to your first deal a little bit like how did you find the deal? How did you fund it? I mean, talk about you find it a little bit but how did you find it was like roadblocks or challenges you faced in that first deal?

Yeah, I had all the problems, man. So this deal with C class, it was in a decent neighborhood uh next to University Xavier out there in Cincinnati. Um but a C class deal, slumlord owned it all the deferred maintenance, paid low thirties a door uh as soon as we close, like four of the tenants moved out. Um And then we started renovating those units and refilling them.

I hired the wrong property manager. Uh So two months in had to make a pivot brought in another property manager and you know, they've been uh managing it ever since. Um but yes, slowly turn this property around 18 months later, refined double the value of the property. Pulled out all my uh my funds, my my down payment, all the rehab cost pulled all that and then some and now just holding it long term man, ended up buying another one out there actually.

So I got a couple deals out there and since the multi family, but now I'm really focused on like buying good quality coastal market, stuff like in what good locations in, in coastal California?

That's awesome. Why did you pick um Cincinnati as your first market to invest in? You know, I was, it was, it was the first deal, right? And so I just don't...

Learn how to buy your first investment property with zero credit score in this informative video! Even if your credit score is below 600, you can still buy properties using these top three methods.

1️⃣ The first method is the seller carry back, where the seller acts as the bank and finances 90% of the property while you put down 10%. You can negotiate every term of the loan, including the interest rate, making it a win-win situation for both the seller and the buyer.

2️⃣ The second method is called the subject-to, where you take over the seller's payments and the loan is still under their name, but the property title is under your name.

3️⃣ Lastly, the lease option method allows you to rent the property for a set amount of time and then buy it for a predetermined price. These methods are perfect for those with no financial backing, credit, income, or W2, so you can finally invest in a property and start building your portfolio.

Use these methods to buy a property with zero credit score today!

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📺New to My Channel? Start Here - https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

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Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

______________________

Transcription: " Here's how you can buy your first investment property. Even if your credit score is below 600 you can buy properties with zero credit score using these three methods that I'm going to show you you can use any of these three. But I want to show you the top three methods that I've personally used and that my friends and clients have used to buy their first property even when they have no financial backing, no credit, no W two, no income. The first method I want to talk to you about is called the seller carry back or short for seller carry. This means that when the seller sells his or her property to you, that seller will now act as the bank when he or she sells that property to you. So let's say the property sells for $500,000 and you have only $50,000.00 credit and no income to show for it. You can put down that $50,000 or 10% down and the seller can finance the other 90% of that property when he or she sells the property to you. So this means that the we will get 50 grand up front. And then in escrow you'll come put an amendment through either your broker or through the escrow officer to basically create a note or a first trust deed, which is a lean a mortgage. And they can turn that into an X amount of mortgage payments a year, which is a monthly payment usually and let's say you get a loan for $450,000 in that note with the seller. The great thing about the seller carry back is that you can actually negotiate every single term of the loan. So no matter where rates are at today, if you negotiate a seller carry back with a seller, you can negotiate any rate you want even 2% 1% or even know rate.

I mean I have a client who purchased a $2 million property here in san Diego and the seller was okay with a 0% interest and principal payments each month the seller sold the property for two million. My client put $400,000 down and the seller carry back a loan of 1.6 million. And he or she was nice enough to say, you know what if you could Pay down the note every single month at least by $4,000 a month. You can keep this loan for as long as you want. And as long as I get my check in the mail, I'm happy. The best way to negotiate a seller carry back for you or your partner is to explain all the benefits..."

Top Real Estate Producer & Real Estate Coach Podcast with Josh Cadillac! Join me and guest Josh Cadillac in todays podcast episode! Josh is a real estate investor, coach and top producer. We talk about three qualities that make a great real estate agent!

📺New to My Channel? Start Here - https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

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Transcription:

...Today I've got my friend Josh Cadillac joined the show real quick synopsis bio for Josh, he's a real estate coach, national speaker and author. He trains real estate professionals on how to close for life by building lasting success through extensive knowledge, his unique methods, combined the education, real estate professionals need to survive in this industry with the tools to convert that knowledge into rapport credibility and trust, we all know those three things, everyone needs to be a good good agent. So amazing, Josh also has a lot of experience on the investment side. He's an investment fund manager, so not only is he an amazing coach, speaker, top producing real estate agent, he also invests and has a lot of an extensive amount of knowledge in investment real estate. So Josh, how you doing? Thanks for coming and hanging out with you buddy, this is the high point of my week, it's all downhill from here man, so yeah, I'm good man, thanks for having me on and uh give me a chance to come chat with your people, so how's it going with you?

It's going fantastic. Yeah, this is uh it's gonna be a fun conversation, I'm excited to hear more about your story and you know all the knowledge and tools that you have so uh kick out the show. I know I probably missed a lot of key things in that quick bio. So would you mind telling the audience more about you know who you are?

Building a multi billion dollar business! Join us for an exclusive podcast interview with Shawn Meaike, CEO of one of the most successful insurance companies. In this in-depth discussion, Sean shares his insights on how he built his company from the ground up, and the strategies he used to scale it into a multi-billion dollar business.

Whether you're an entrepreneur looking to build a successful business, or simply interested in hearing from one of the most successful CEOs in the insurance field, this interview is not to be missed.

So join us for an insightful conversation with Shawn Meaike, and learn how you too can build a multi-billion dollar business!

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📺New to My Channel? Start Here - https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

🎥 Watch my TikToks- https://www.tiktok.com/@jasonjosephlee

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🎧 Listen to my Podcast -

Apple Podcasts: https://apple.co/3lxNxHk

Spotify: https://spoti.fi/3jRXpLH

Connect with Guest:

linkedin.com/in/shawn-meaike-a4b00792

https://familyfirstlife.com 

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

#Entrepreneurship #Startup #Business #MultiBillionDollar #Insurance #Success #Leadership #Innovation #Strategy #Finance #Management #Growth #Investment #WealthCreation

The stock market really is making you broke and causing you anxiety since you can't control which direction your money goes! You are tied to the economy! The returns you could be getting on your hard earned money, could be so much higher! Watch until the end on why you could be doubling or tripling your current returns in the market!

What is the best investment when it comes to commercial real estate vs. stock market? Don't go broke investing in the stock market- you get zero control in a stock investment, but when you invest in commercial real estate you have the control and have more opportunity to become financially free. Learn more by listening to this episode!

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📺 New to My Channel? Start Here - https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/ 

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

👪 Join our Community - https://www.instagram.com/jlm.realestate

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🐦Follow me on Twitter - https://twitter.com/JasonJosephLee

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🎧 Listen to my Podcast -

Apple Podcasts: https://apple.co/3lxNxHk

Spotify: https://spoti.fi/3jRXpLH

#stocks #realestatevsstocks #stockmarket #realestate #investing #realestateinvesting #stockinvesting #stockinvestments #goodinvestment

Welcome to Episode 103 of the Get Out of the System Podcast. How to start as a real estate developer with Jason Lee and Rammy Cortez.

Rammy, from Rammy Urban Infill. He is passionate about producing housing for the city of San Diego and is actively involved in building micro units to help the housing crisis. He has extensive background from his experience from REOs, brokering real estate deals, partnering with real estate investors which has led him to what he is doing today- real estate development for new construction buildings.

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📺New to My Channel? Start Here - https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

🎥 Watch my TikToks- https://www.tiktok.com/@jasonjosephlee

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🐦Follow me on Twitter - https://twitter.com/JasonJosephLee

📖 Like us on Facebook - https://www.facebook.com/JasonLeeCRE

🎧 Listen to my Podcast -

Apple Podcasts: https://apple.co/3lxNxHk

Spotify: https://spoti.fi/3jRXpLH

Connect with Guest:

https://www.myinfill.com

Instagram: https://www.instagram.com/rammy_urban_infill/

#realestatepodcast #realestatedevelopment #developer #realestateinvesting #sandiegodevelopement

Is the housing market going to crash in 2023? Today I am sharing 5 key points on my thoughts of the real estate housing market.

1. Here Is What The Media And News Are Telling You And Why! 📰📽

Don't let the media and news sell you fear. The real estate market differs from state by state, city to city even street by street. The news and media is marketing false information to swoop up as much housing as they can. Don't let them fool you.

2. Stop Trying To Time The Bottom Of The Market!🚫⏱

First time buyers and investors, do not make this mistake. BUY real estate and WAIT. The market can never be timed truly, but if you invest in a great area/location your guaranteed appreciation over time.

3. How To Never Lose Money In Real Estate 💸👍

Ask your broker for sales comparison analysis. This is an important step in property buying process. Don't buy off of emotion, buy off of knowledge.

4.What I Am Seeing Today In The Market! 👀🏘

Inflation is the new normal now. We're seeing movement in the market and the buyer activity is moving.

5.Where Are Interest Rates Going To Be At The End Of The Year? 👆%

None of us have a crystal ball to know where interest rates are headed. But I educate myself every day by being in the market and reading real estate articles and think rates will be leveling out soon. Don't miss out on opportunity by waiting around for rates to change.

Adding Value to Business from Intern to Director of REO Receiverships!

From internship to becoming the director of a receivership business, Brennen Degner, Co-Founder & CEO at DB Capital Management shares with us how adding value and getting started in a business helped scale into a $600 million multifamily investment portfolio.

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Connect with Brennen:

Website: https://www.dbcap.com

Email: [email protected]

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Connect with Host Jason:

Instagram: https://www.instagram.com/jasonjosephlee

YouTube: https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

LinkedIn: https://www.linkedin.com/in/jason-lee-3b7806115/

TikTok: https://www.tiktok.com/@jasonjosephlee

Facebook: https://www.facebook.com/jasonleecre

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To download your free Real Estate Deal Analyzer just head to https://jlmrealestateinc.com/free-property-valuation/

With this guide, you’ll be able to easily understand your real estate deals.

www.jlmrealestateinc.com