REI Central Podcast

Episode 14 is a bit different than usual. This episode is our first satellite episode with a guest out of area. Our guest is Jim Murray of Lyon Property Group out of Rhode Island. Jim is also one of the hosts of the The Cashflow Kings Podcast. Their show is all about finding cash flow properties to invest in. Dan and Jim met a couple of years ago and hit it off. Jim’s business and interests are quite similar to those of ours, so we thought it would make for a good episode to compare our market down South and his market up North. Lyon Property Group is Jim’s investing wing of his business, which Lyon Property Management manages investment properties in Rhode Island and Massachusetts. Jim and his partner have grown their business significantly in a short amount of time by using their investor hats to best serve their owner-clients, while also investing themselves. It was an enlightening conversation to compare our markets and business models. Enjoy!

Episode 13 is all about taxes! Exciting! Since 2019 has ended and it’s almost time to file your taxes, we invite Justin Welch of AccountFin in to discuss taxes. Justin is an accountant and real estate investor. He prepares taxes for many real estate professionals in the Charleston area, including Troy and Dan. He specifically likes to help investors prepare their taxes because he understands the tax benefits of being a property owner. He is well versed in all of the best ways to help investors prepare, file and manage their taxes. Because he is an investor himself, he knows what it’s like to acquire, manage and/or liquidate properties, which is crucial to helping his investor clients navigate their tax liabilities. In addition, Justin can help higher net worth investors plan and grow their wealth with intelligent tax strategies. If you would like to discuss tax prep, 1031s or entity development, please contact Justing Welch. His website is https://www.accountfin.com/. Enjoy the show!

Episode 12 is all about a couple of BRRRRs that Dan is working on at the moment. We don’t have a guest today as we’re working on some personal stuff leading up to the Holidays, but Dan is currently BRRRRing 2 homes and Troy may possibly do one with a current rehab. Troy has also done a couple of longer BRRRRs in the past. BRRRRing is super popular at the moment, so we hope to bring you a bit of value by talking about Dan’s experience with the 2 he’s doing in real time and some of the things he would encourage you to avoid to insure your success!

Episode 11 is here! We’ve been saving Danny Randazzo for a special episode. Danny is a financial whiz and has found tremendous success with multifamily syndications. Danny started his real estate career with smart house hacks in San Francisco and utilized his equity and cash flow from those early properties to move across the country and invest full time in a variety of ways. Ultimately, Danny found syndicating and narrowed his sights on that approach to building wealth. Today, they control over $171,000,000 in holdings. In addition, Danny has written 2 children’s books to help inspire financial education in young ones and he hosts a podcast of his own. Danny can be reached at www.passiveinvesting.com and his podcast is title “The Danny Randazzo Show”. In addition to all of this, Danny is a great friend and a massive supporter of other entrepreneurs. If you have any interest in investing in a multifamily syndication, make sure you reach out to them!

Episode 10 is more of a general overview of things with Troy and Dan. We’ve been busy moving offices (and recording location) recently, so we wanted to record our first one in the new space with just the two of us for troubleshooting sake. However, we do have some Maven Realty updates to share - namely, that we’re looking for good agents to join the team. We talk a fair amount about investing, although it’s kind of all over the place. We talk a bit about apartments, lending, BRRRR, market updates, etc. We plan to get back to a regular schedule in the next couple of weeks. We intend to have Danny Randazzo join us next time to discuss syndicating, apartments and large assets. Please remember to rate and review the show! And feel free to shoot us some questions or comments to [email protected].

Episode 9 is here! This week’s guest is Patrick Orefice. Patrick is an architect and investor. We’ve been helping him at Maven Realty to grow him rental portfolio. Patrick has experience with STR, buy and hold rentals and is currently undergoing his first BRRR property using a renovation loan. That’s just the investing side. Patrick’s profession is architecture. He has a ton of experience with construction, crunching the numbers and being creative to maximize value with real estate. You’ll hear us banter about real estate, finances, mindset and just have fun.

Episode 8 is all about the process from starting out to eventually scaling your way up to multiple units. Mike Goldberg is our guest today. Mike is a client of Troy’s who was able to buy 1 condo in California many years ago with $0 down and eventually scale that single condo into a 24 unit apartment complex- all with $0 money out of pocket. Mike has been able to reinvest his principal + profits from each owned rental he has sold and created an impressive amount of passive income all while working a 9-5 job. This episode is for everyone out there who doesn’t know where to start and should serve as proof that just going for it and being discipline can and will create massive results.

Episode 7 is very exciting! We’ve talked about many aspects of investing, but we’ve yet to talk to some of the service providers that make your day to day operations easier. Today, we speak to Ashley Price of Spring Street Properties about property management. Ashley is a property manager in charge and owner of a property management company. She’s quickly grown her business from managing a few doors to well over 100 and she continues to grow. Ashley has a ton of insight about management- including deal analysis, holding costs, tenant screening, etc. In addition to being a PM, she is also an investor herself and brings a ton of knowledge to the table. As an aside, I have many colleagues and clients who use Ashley’s services and they have all been thrilled with her!

This episode is a little different. We don’t have a guest this time. Dan is planning a wedding and Troy was out of town for a wedding, so we’re going solo. We actually plan to do this from time to time. We have an incredible pool of guests to choose from , but small business owners are busy, so there will be schedule conflicts from time to time. We also don’t want to schedule too many guests sequentially that do similar stuff in our industry. So, in this episode, Troy and Dan discuss a 5 unit portfolio of single family homes they’re in the process of purchasing. They current surpass the 1% rule and have a lot of room to improve. This is the type of deal that’s not too terribly hard to find right now (as opposed to small apartments) and there are a lot of financing options for properties like this. All 5 units have been occupied, but require a little tweaking. Fortunately, we were able to leverage the seller to improve the performance of these properties before we even take possession. I think most of our intermediate investors will get a few nuggets from this one!

In Episode 5, we talk to Parker LeClaire about getting started with real estate investing. Parker is a Realtor with TruHome Real Estate. Parker has become a very productive Realtor at a very young age. He comes from a family of investors and agents and is now ready to invest in real estate on his own. He’s had a great experience with a recent AirBNB deal, which we discuss and then talk about his plans for the future.