Real Estate Investing for Cash Flow with Kevin Bupp

Our guest for this week’s show is multifamily expert and co-founder of the Bascom Group, Jerry Fink. In today’s interview I speak with Jerry about the founding of his investment group some 19 years ago and how he and his team have been able to complete more than $9.5 billion of buy acyclovir online cheap multifamily repositioning’s and have owned more than 70,000 doors.  Jerry’s story is both inspiring and educational as he shares with us the core ingredients that got him and his team to where they are today and how you can apply these same principals to your own real estate business.

Here's What You'll Learn

How Jerry got his start in the business prior to forming the Bascom group.

The valuable lessons he learned from flipping distressed single family homes prior to leaving his corporate job.

The opportunity he saw during the mid-nineties RE crash which led him and his two former college buddies to all jump ship from their corporate gigs and launch the Bascom Group to focus on distressed multifamily properties.

The many reasons why they decided to choose multifamily as their asset of choice versus one of the other commercial sectors.

The challenges he and his team faced during the recession of 2008 and how they were able to survive and thrive while others were forced to close up shop.

His method for looking at 1,000 potential opportunities only to find 10 or less that fit his investment model, and then narrowing it down to 1 or 2 that make the final cut.

Why he suggests that you should never buy solely on cap rate, and if you do, why you run the risk of missing some potentially great deals.

Why they prefer to hire the best in class property Management Company rather than vertically integrating the management duties in-house.

The reason he feels that we’re currently in inning 6 or 7 of the current real estate cycle and what this means for you.

The process that Jerry and his team goes through when repositioning a property and how they can sometimes experience a significance decrease in tenant occupancy before being able to make any forward progress.

Why he feels that passion should fuel what area of real estate that you focus in and why you need to surround yourself with experts and professionals who know more than you.

And much more

Our Guest

Jerome Fink - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.BascomGroup.com

Review and Subscribe

This week I'm going to share with you two critically important clauses that you should be using in all of your purchase agreements. It’s very common that if you’re using a standard commercial contract from a broker that neither one of these clauses will be included and they absolutely should be. Below are the actual clauses so that you can easily cut/paste them and add them to your next contract.

Clause #1:

The PURCHASER'S Due Diligence time frame will be for a period of 60 days and will commence when PURCHASER receives all requested Due Diligence from seller as outlined on the Due Diligence request form. After all documents and materials have been delivered to PURCHASER, PURCHASER may cancel this Agreement for any reason, at the sole discretion of PURCHASER, within sixty (60) days after receiving all documents and materials from SELLER. In the event that PURCHASER elects to cancel this Agreement during the initial 60 day inspection period this paragraph shall serve as authority to the Escrow Agent from the SELLER to act upon the “single order” of PURCHASER to distribute the Earnest money to PURCHASER. Additionally, this paragraph shall serve as the SELLER’S release of the Escrow Agent from liability for disbursing the Earnest money to PURCHASER,

Clause #2:

PURCHASER to have a period of 30 days following above Due Diligence period to secure financing at terms acceptable to PURCHASER. PURCHASER may cancel this Agreement during this Thirty (30) day period in the event that PURCHASER does not obtain a loan approval for the purchase of the Real Estate and Personal Property that is satisfactory to PURCHASER. An automatic extension of 30 days shall be granted to PURCHASER for loan approval and funding provided LENDER provides a letter showing the loan approval and funding process is moving forward and additional time is needed to finalize the loan and funding process.

Recommended Resources

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

This week I'm going to share with you two critically important clauses that you should be using in all of your commercial purchase agreements. It’s very common that if you’re using a standard commercial contract from a broker that neither one of these clauses will be specified and absolutely should be. Below are the actual clauses so that you can easily cut/paste them and add them to your next contract.

Clause #1:

The PURCHASER'S Due Diligence timeframe will be for a period of 60 days and will commence when PURCHASER receives all requested Due Diligence from seller as outlined on the Due Diligence request form.  After all documents and materials have been delivered to PURCHASER, PURCHASER may cancel this Agreement for any reason, at the sole discretion of PURCHASER, within sixty (60) days  after receiving all documents and materials from SELLER.  In the event that PURCHASER elects to cancel this Agreement during the initial 60 day inspection period this paragraph shall serve as authority to the Escrow Agent from the SELLER to act upon the “single order” of PURCHASER to distribute the Earnest money to PURCHASER.  Additionally, this paragraph shall serve as the SELLER’S release of the Escrow Agent from liability for disbursing the Earnest money to PURCHASER,

Clause #2:

PURCHASER to have a period of 30 days following above Due Diligence period to secure financing at terms acceptable to PURCHASER.  PURCHASER may cancel this Agreement during this Thirty (30) day period in the event that PURCHASER does not obtain a loan approval for the purchase of the Real Estate and Personal Property that is satisfactory to PURCHASER.  An automatic extension of 30 days shall be granted to PURCHASER for loan approval and funding provided LENDER provides a letter showing the loan approval and funding process is moving forward and additional time is needed to finalize the loan and funding process.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Your truly

Review and Subscribe

Our guest for this week’s show is Real Estate redevelopment expert, Jay Several. Jay has a very interesting story because his real estate investment career started off as more of a hobby which he dabbled in in his spare time while running his software consulting company.

The exciting part about Jay’s journey is that not only did he start investing full-time just a short 10 years ago, but he started just before the biggest real estate crash in history was about to happen. And if that wasn’t already challenging enough, the projects that he was acquiring weren’t simple deals like stabilized apartment buildings or fully leased NNN shopping center deals. No, he started off by redeveloping vacant buildings and repurposing them for entirely different uses. This, my friends, is not a business for the faint of heart or for the beginner investor. Listen in to hear how Jay makes the magic happen.

Here's What You'll Learn

How jay got involved in Real Estate after selling his software consulting firm

Why he decided to take the path of redeveloping infill properties instead of purchasing already occupied and cash flowing investments.

 How he was able to profit $1 million on his first deal and how he’s been able to duplicate this success over and over again.

What qualities he looks for when determining whether or not a property makes for a good redevelopment opportunity.

Why he never gives exclusive listings to commercial brokers.

The process he takes to proactively seek out tenants to fill his centers before he’s even finished with the project.

Why he feels that everything you own should be for sale….at the right price.

The reasons he prefers the retail sector due to its ease of management.

The $250,000 mistake he made and how he overcame it and became a smarter investor because of it.

Why he feels that persistence is one of the most important qualities needed in becoming a successful real estate investor.

And much more

Our Guest

Jay Several - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.SeveralPropertiesGroup.com

Review and Subscribe

Our guest for this week’s show is Real Estate redevelopment expert, Jay Several. Jay has a very interesting story because his real estate investment career started off as more of a hobby which he dabbled in in his spare time while running his software consulting company.

The exciting part about Jay’s journey is that not only did he start investing full-time just a short 10 years ago, but he started just before the biggest real estate crash in history was about to happen. And if that wasn’t already challenging enough, the projects that he was acquiring weren’t simple deals like stabilized apartment buildings or fully leased NNN shopping center deals. No, he started off by redeveloping vacant buildings and repurposing them for entirely different uses. This, my friends, is not a business for the faint of heart or for the beginner investor. Listen in to hear how Jay makes the magic happen

In this show with Jay you’re going to learn:

• How jay got involved in Real Estate after selling his software consulting firm
• Why he decided to take the path of redeveloping infill properties instead of purchasing already occupied and cash flowing investments.
• How he was able to profit $1 million on his first deal and how he’s been able to duplicate this success over and over again.
• What qualities he looks for when determining whether or not a property makes for a good redevelopment opportunity.
• Why he never gives exclusive listings to commercial brokers.
• The process he takes to proactively seek out tenants to fill his centers before he’s even finished with the project.
• Why he feels that everything you own should be for sale….at the right price.
• The reasons he prefers the retail sector due to its ease of management.
• The $250,000 mistake he made and how he overcame it and became a smarter investor because of it.
• Why he feels that persistence is one of the most important qualities needed in becoming a successful real estate investor.
• And much more

Recommended Resources:

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
• Learn more about Jay and his company, please visit http://www.severalpropertiesgroup.com/

This week I'm going to discuss something that was just brought to my attention yesterday by one of my business partners and I was totally amazed that this type of service existed, let alone that it was being advertised blatantly on craigslist. Landlords BEWARE! Listen in to this week’s show so that you don’t fall victim to a scam tenant.

Recommended Resources

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

In this weeks show I'm going to discuss something buy levitra in bangkok that was just brought to my attention yesterday by one of my business partners which I was totally amazed that this type of service even existed, let alone that it was being advertised blatantly on craigslist. Landlords BEWARE!

Listen in to this week’s show so that you don’t fall victim to this tenant scam.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Your truly

Review and Subscribe

Dan Miller is Co-Founder and President of Fundrise, the first and leading real estate crowdfunding platform. The first company to successfully crowdfund real estate, Fundrise brings world-class real estate investments to institutional, high net worth and retail investors throughout the United States.

Founded in 2010 by Dan and his brother Ben Miller, Fundrise has brought real estate crowdfunding to the mainstream, allowing anyone—accredited and unaccredited—to invest in property for as little as $100 per share, and as much as $10 million, and earn favorable returns (historically 12 to 14 percent).

At Fundrise, Dan is responsible for exploring and opening up new markets and vetting real estate projects. Dan also speaks across the country as one of the leading authorities on real estate crowdfunding.

In this show with gene you’re going to learn:

• What crowdfunding is and how it’s changing the real estate investment landscape as we currently know it by making investments available to the mainstream public.
• How the JOBS act has changed the securities and investment laws that hadn’t been changed since the early 1930’s and what these mean for smaller investors.
• The benefits that Fundrise provides both accredited and non-accredited investors who have an interest in participating in premium grade investments.
• The step by step process that Fundrise goes through to vet their property offerings.
• What separates Fundrise from all of the other crowdfunding sites out in the marketplace.
• Why Fundrise funds all of their own projects with their own money prior to making these properties available to members of their website.
• What advice Dan would give to someone who was attempting to raise capital for the first time.
• What signs Dan looks for when trying to identify emerging real estate markets and why he refers to it as an art form, but one that can be learned.
• What he would have changed if he could go back in time knowing what he knows now.
• And much more

Recommended Resources:

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
• Learn more about Dan and his company, please visit Fundrise.com

Dan Miller is Co-Founder and President of Fundrise, the first and leading real estate crowdfunding platform. The first company to successfully crowdfund real estate, Fundrise brings world-class real estate investments to institutional, high net worth and retail investors throughout the United States.

Founded in 2010 by Dan and his brother Ben Miller, Fundrise has brought real estate crowdfunding to the mainstream, allowing anyone—accredited and unaccredited—to invest in property for as little as $100 per share, and as much as $10 million, and earn favorable returns (historically 12 to 14 percent).

At Fundrise, Dan is responsible for exploring and opening up new markets and vetting real estate projects. Dan also speaks across the country as one of the leading authorities on real estate crowdfunding.

Here's What You'll Learn

What crowdfunding is and how it’s changing the real estate investment landscape as we currently know it by making investments available to the mainstream public.

How the JOBS act has changed the securities and investment laws that hadn’t been changed since the early 1930’s and what these mean for smaller investors.

The benefits that Fundrise provides both accredited and non-accredited investors who have an interest in participating in premium grade investments.

The step by step process that Fundrise goes through to vet their property offerings.

What separates Fundrise from all of the other crowdfunding sites out in the marketplace.

Why Fundrise funds all of their own projects with their own money prior to making these properties available to members of their website.

What advice Dan would give to someone who was attempting to raise capital for the first time.

What signs Dan looks for when trying to identify emerging real estate markets and why he refers to it as an art form, but one that can be learned.

What he would have changed if he could go back in time knowing what he knows now.

And much more

Our Guest

Dan Miller - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.Fundrise.com

Review and Subscribe

Our guest for this week’s show is Real Estate Attorney and securities & syndication expert, Gene Trowbridge. In today's show we're going to speak with Gene about his experience as a real estate syndicator and how that led him into becoming a real estate and securities attorney who specializes in working with real estate investors like you and I who are looking to raise private capital to fund out deals.

In this show with gene you’re going to learn:

• How he got his start in the business by first being a real estate syndicator that specialized in developing self-storage properties before deciding to venture off to law school at the age of 45.
• How the JOBS act has made it less restrictive for syndicators to advertise and raise money for their deals.
• Learn the 4 steps of the sales process for selling your investment offering to a prospective investor.
• What you need to know before structuring your first syndication to ensure you are setting yourself up for success.
• Why it’s absolutely critical to build some experience in the particular asset class you want to invest in prior to raising private capital from investors.
• How teaming or partnering with an experienced investor is a great way for first time syndicators to get their first deal done.
• Why it always makes sense to have at least 1 partner in your syndication, even if you don’t feel you necessarily need a partner.
• Learn the difference between a syndication and a JV partnership and why it’s critical to know which one is best suited for your particular structure.
• Why you as the sponsor of the syndication should be prepared to have some of your own money/skin to put into the deal.
• What kind of costs and expenses you can expect when forming your syndication.
• What crowdfunding really is and how this term is commonly misused and widely misunderstood.
• And much more...

Recommended Resources:

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
• Learn more about Gene and his company, please visit SyndicationLawyers.com