Real Estate Investing for Cash Flow with Kevin Bupp

This week I'm going to tell you about a Mobile Home Park that we're currently in contract on and the important details we uncovered during our due diligence by speaking with a few of the key city employees and why it's important that you never skip this step.

As we do with every property we plan on purchasing, we scheduled a phone or in-person meeting with the key representatives in the town or city where this property is located and these people include: code enforcement, admin to the mayor, zoning, and the chief of police. It's amazing the things that you can uncover when you approach these individuals as a prospective new buyer for a property that's within their jurisdiction, especially if the property is one that they perceive as an eye sore to the community or a waste of valuable community resources.

Well, let's get straight to the point, I'm going to tell you the two things we uncovered on a property we are in contract with that will have a drastic impact on our future plans.

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 we're going to speaking with multifamily investment expert, Spencer Cullor who is the director of acquisitions for ApartmentVestors, an investment firm specializing in the acquisition and management of value-add multifamily apartments in various markets throughout mid-west

During our time together, Spencer shares with us his path to success through multifamily investing and provides intimate details about the lessons he’s learned along the way from the school of hard knocks.

Here’s a few things you’ll learn in our interview with Spencer today:

• How he went from working in the corporate world as an employee to being a homebuilder and then transitioning to commercial real estate.
• What he disliked about the homebuilding business and the specific reasons that he was ready to make a jump out of this business and into investing in commercial real estate.
• What hard lessons he learned on his first commercial acquisition which was a retail shopping center that he purchased near the peak of the market.
• Details on his first multifamily acquisition which was a 40 unit apartment building that was a property with deferred maintenance and less than stellar management and how he’s been able to achieve more than a million of equity in this one deal alone.
• How he dealt with an occupancy drop from 85% to 65% on this first apartment acquisition and what he did to turn it around.
• The challenges he’s experienced with property management companies which is the reason he created his own management company.
• How he used a direct mail campaign to find his first deal and continues to use direct mail today to successfully find deals.
• Why you shouldn’t pay for upside potential on a property.
• Why Spencer doesn’t suggest that you start with a property larger than what you’re comfortable with for your first acquisition. If this number is 30 units then don’t go looking at 100 unit buildings.
• Why Spencer suggests that every investor has a mentor to guide them and how to go about finding them.
• And much more

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
• Learn more about Spencer and his company, please visit www.ApartmentVestors.com

This week we're going to speaking with Leslie Himmel of Himmel and Meringoff which is a commercial investment firm based in Manhattan. Leslie is a as big as they come as she was recently recognized as the highest ranking female landlord in New York's commercial real estate market, which is quite an impressive feat.

Honestly, I can't even fathom the sheer magnitude of the portfolio that Leslie has built, which consists of more than 2 million square feet of Manhattan commercial real estate with an estimated value of over $500 million. Listen in as she shares how she’s built such a successful empire.

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
• Learn more about Jeremy and his company, please visit www.HMprop.com

Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value and help take your real estate business to the next level.

This week I'm going to discuss a deal we're currently working on and why we're willing to over pay for it. There aren't many times when it makes sense to overpay for a property, but this one is the exception to the rule.

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 we're going to be doing a follow-up interview with Commercial Real Estate Investment Expert and CCIM instructor, Jeremy Cyrier. Jeremy was one of our very first guest way back when we first started this show and I thought it would be awesome to bring him back on to get an update on his business and also cover a topic which I felt was very timely give our current market conditions. Jeremy is going to share with us the step-by-step process of identifying the most promising real estate markets to invest in in order to find one that best meets your specific investment objectives.

Now remember, Jeremy is a CCIM instructor and a very successful broker and investor so what he’ll be teaching us today is the same curriculum that he teaches other elite industry players as well as practices himself within his own business. Today’s topic is one of those skills that we as an investor need to master if we want to truly succeed and thrive in this business.

Here’s a few things you’ll learn in our interview with Jeremy today:

• Why he's transitioning out of his multi-family investments and into the suburban office class.
• How to use free online tools that Jeremy shares with us to uncover strong US markets that might be ripe to invest in and also those that might be a little to overheated which means you should stay away
• The effects of urbanization and the opportunities it might present with income properties which are located in the suburban markets.
• What the difference of a financial driven and market driven property search is and which you should be using
• The step by step process that Jeremy uses to identify potential markets to invest in - this is the same process that is taught through the CCIM curriculum.
• How to use the free report offered by IRR.com to identify specific market data to assist you in choosing the right markets to invest in.
• How to identify what part of the market cycle your target real estate market is in.
• And much more

Resources from Show:

• Dividend Capital: http://www.dividendcapital.com/
• Integra Realty Resources: http://www.IRR.com
• National Council of Real Estate Fiduciaries: http://www.ncreif.org/
• http://www.reit.com/
• Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/
• Shift Share Employment Analysis: http://www.georgiastats.uga.edu/sshare1.html
• Site to Do Business: http://www.STDB.com
• U.S. Bureau of Labor Statistics: http://www.bls.gov/
• U.S. BLS Location Quotient Form: http://data.bls.gov/location_quotient/ControllerServlet;jsessionid=1B23C3E004705633FAF5D7FE8B00D6EC.tc_instance3
• The Conference Board: http://www.conference-board.org/
• Calculated Risk: http://www.calculatedriskblog.com/
• Commercial brokerage market reports: http://www.CBRE.com, etc.
• CoStar: http://www.CoStar.com

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
• Learn more about Jeremy and his company, please visit www.CREinvested.com