Rental Property Owner & Real Estate Investor Podcast

When it comes to Finding the Money for your purchase of a home or investment property, Seller Financing can help you avoid traditional lenders while setting terms that work for both the buyer and seller.

From a seller's standpoint, seller financing can help you maintain a steady income, while spreading out the tax consequences of a sale.

But with the passage of the Dodd-Frank Consumer Protection Act, a lot of investors are unsure whether Seller Financing is still a viable strategy.

Luckily, the RPOA held, and recorded, an expert panel at it's annual conference where we discussed how Seller Financing works, the legalities to be aware of, and how to do it right. Here are the experts you will hear from:

David Hill, a Real Estate Attorney with Barnes & Thornburg LLP. His specialties are Real Estate and Finance Law. David was also a guest on the podcast – episode #12

Justin Workman, a Residential Redevelopment Specialist, landlord, investor and home buyer. His company is Work'n It Properties LLC, and Justin has experience with various types of seller financing. Justin was also a guest on the podcast – episode #3, 51 & 67

Javier Rodriguez, a real estate broker at Lake Michigan Realty Management who has sold over 500 properties in Kent County. He's also a former loan originator with experience providing his clients with seller financing options.

Steve Whitteberry has 10 years experience as a real estate investor in West Michigan. He's done fix & flips, buy/repair & holds, and he's purchased properties using seller financing and has sold four properties using Seller Financing out of his Self-Directed IRA. Steve has been on the podcast several times, Ep #19 & 20

There is a lot of great information packed into this episode that I know you're going to enjoy and profit from. Please take a moment to go to itunes to give us a five-star rating and review.

Salman Chaudhry didn't expect to buy his first rental property at the first Sheriff's Sale he ever attended...but he did.  Salman was also warned against investing in another property he had his eye on...and he bought it anyway.  Now Salman owns thirteen Single-Family Homes in Lake Charles, Louisiana, and he's ready to share how his investments have turned out.

Today Salman discusses the uncertain road he traveled at the beginning of his investing career, his recent move to Houston, Texas and the 10,000 Square Foot industrial warehouse he purchased, as well as the mistakes he made in not doing enough due diligence on several of his investments.

Salman also talks about his goal of investing in apartment buildings, and whether he's finding opportunities in the Houston area.

Salman is the Chief Operating Officer of Teezin Wealth Management and can be reached by email:

[email protected]

If you've ever wondered what it would be like to star in one of those Fix & Flip Reality TV shows, then you're going to love this episode.

Last year Jeremy Cole and Ramon Huerta shot a pilot episode for a new series called "Gritty To Pretty". Last month it debuted on the DIY Network, and today they'll share their 'behind-the-scenes' stories and secrets.

You're going to learn how Jeremy and Ramon got comfortable being in front of the camera, how they chose the property to rehab, and why the producers asked them to clean the bathroom before filming began. You'll also find out what its like working with a real Hollywood tv crew, how it affected their rehab schedule, and what a 'clapper' actually does.

Jeremy and Ramon have been on the show before (Episode #65) and they always provide a fun and interesting conversation. Soon they'll be learning whether or not their show will get picked up by HGTV, and you can stay informed by checking out their "Property Krawl" facebook page, or Jeremy's website: www.kzoorestored.com

Enjoy the show!

When it comes to politics, everyone has their reasons for voting for a certain candidate or backing certain issues. And as real estate investors, we need to be aware of which candidates are best suited to support our ability to provide housing for our residents while still making a profit.

Today we're going to talk about the places where politics and Real Estate Investing connect, and how we as real estate investors and landlords can support the candidates and legislation that in turn supports us as investors.

Here to have that conversation is Tom Koetsier, award-winning realtor with Compass Realty Services. Tom also sits on the Grand Rapids Planning Commission, he's the current president of the RPOA, and is also a successful real estate investor as well.

Tom also volunteers on the RPOA Government Affairs Commission, as well as the RPOA Political Action Committee (PAC).

You can support the PAC by following the link below:

https://rpoaonline.org/rpoa-political-action-committee/

Vacation Rentals & airbnb's can be a great way to exponentially increase the returns on your real estate investments. But there are also many pitfalls that investors must avoid and be aware of in order to be successful.

On February 23, 2018, the RPOA hosted an expert panel to discuss short-term vacation rentals - how they work, why they're such a great strategy for real estate investors, tips on being successful, and how to avoid the pitfalls that can cost you extra money.

Here are the four investors & experts you'll be hearing from:

Gary Hall is in the process of converting a low-income 11 unit into an airbnb. Gary is an entrepreneur, passive income strategist, and the operations manager of Westshore Property Management in Muskegon.

Gary was also a guest on the podcast – episode #89 and the Halloween episode

Frederick Kidd is a licensed realtor in Illinois, and has been managing and operating short-term rentals for the past eight years. He personally owns and operates five short-term rentals in the West Michigan area and the Chicago metro market. He also provides full-service management of short-term rentals and rental properties through his company, Silver Lakes Property Management – which is currently managing 20 short-term rentals for clients located in Benton Harbor, Grand Haven, Spring Lake and Manistee, Mi.

Kim Post has 10 Units in Cadillac Michigan that she's in the process of converting to short-term vacation rentals. Kim's been a real estate investor for over 30 years and is the owner of Post & Associates Appraisals and Next Door Properties, LLC

You can hear Kim on Episode #28 of the podcast.

Clay Powell is going to give us the perspective of someone who rents and stays in airbnb's – so he'll be representing the end-user – what they expect and what they respond to. Clay is also the Director of the RPOA.

Clay has been on the podcast several times, including Ep #6 & 72

Enjoy the show!

Raising Other People's Money to invest in real estate is a time honored tradition. But did you know that once you have more than two investors in an investment that you technically have a syndication? Are you also aware that the Security and Exchange Commission (The "SEC") has rules regulating how you go about raising that money and the types of investors you can allow in your deals, and that if you don't follow those rules you can get into serious trouble?

Now that I've made syndications sound scary, its a good time to make them more understandable and accessible with Amy Wan, the Founder & CEO of Bootstrap Legal. Amy is an attorney who specializes in real estate syndication and crowdfunding for entrepreneurs and real estate investors across the globe. Her mission is to democratize access to legal counsel and capital.

Amy will help us understand what we can, and can't, say to investors, the types of investors we can allow in our deal (accredited or sophisticated), SEC rules regarding Regulation D and exceptions 506B & 506C, the types of documents needed for syndicators, and how to avoid getting into trouble with the SEC.

We'll also discuss the pro's & con's of Regulation Crowdfunding and the ways it has changed raising money.

If you've ever considered using Other People's Money to accelerate your investment strategy, or you're already using OPM, you'll definitely want to listen to this episode.

Amy can be contacted at www.bootstraplegal.com

Joe Howard and Kevin Schultz were standing in the middle of a dumpster when they came up with a business idea that would change their lives. As real estate investors, they knew there was a huge need for getting rid of all the junk that accumulates in the houses they were looking at for flipping or rehabbing. So they became the owners of "Junk King of West Michigan".

Through this business they've been able to find opportunities that most investors never get to see. Today they tell us about those opportunities and share stories of the less-than-glamorous side of the junk removal business.

Joe and Kevin discuss the traits that make for a good partner both in real estate and business, the first rehab they did together and the challenges they faced, an abandoned house full of cat litter, and how they donate a lot of their time and items to Family Promise, a local non-profit serving homeless families in West Michigan.

You'll also learn tips on how to deal with bed bugs and fleas, and how to properly dispose of paint.

Joe and Kevin can be contacted through Junk King by phone or their website:

1-888-888-JUNK

https://www.junk-king.com/locations/grand-rapids/

Enjoy the show!

With the recent passage of the Trump Administration's Tax Cuts and Jobs Act, there have been a lot of questions from real estate investors and rental property owners about how the new tax changes will affect their tax preparation for 2017 and beyond.

Here to explain the changes and their potential benefits to investors is Duane Culver, CPA and President of Culver CPA Group. Duane will give us the low-down on the following topics:

The Return of the Education Deduction, changes in 2017 regarding Depreciation & Bonus Depreciation, Section 179 and how it affects your ability to write off capital expenses, the drop in tax rates throughout the different tax brackets, changes to the Standard Deduction, ways in which congress is trying to simplify Tax Laws, how those tax laws affect LLCs, and ways in which Real Estate Investors save tax dollars from these changes.

If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing. The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits.

Duane can be contacted by email, his website, or phone:

[email protected]

www.culvercpagroup.com

616-456-6464

Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.

This is a Special Re-Broadcast of last year's episode with Jeremy Cole and Ramon Huerta. You can WATCH THEM This Saturday, March 3rd at 7 p.m. on the show "Gritty To Pretty" on the DIY Network. HGTV has shown a strong interest in taking their show to series, so the more people who watch, the more likely we'll get to see more!

Whether you love or hate those HGTV shows on Rehabbing and Flipping, you're going to really enjoy today's conversation.

Ramon Huerta and Jeremy Cole host a 'Property Krawl' every month in Kalamazoo, Michigan, where they invite all levels of investors to accompany them on a tour of properties that are ripe for rehabbing, flipping, and buy & hold investing.

Ramon is a realtor/investor, and he chooses the homes to view, while Jeremy uses his contractor skills to help others understand the costs involved in rehabbing the properties. Together, they strive to help beginning investors understand the complexities of acquiring, rehabbing, and owning rental property, while sharing creative strategies with the more experienced investors who also join in.

We also discuss the economic dynamics of Kalamazoo, a city where you can still buy houses for under $10,000.

I highly recommend visiting the facebook page for 'Property Krawl', where you can see videos and photos of the events. You should also take a moment to go to itunes where you can rate and review this podcast!

Enjoy!

When it comes to raising Other People's Money, syndication is both a science and an art. There are specific and time-proven ways to do it right, and many ways to do it wrong.

Today David Toupin, a Detroit-area investor and syndicator, will share his top-ten tips on Successful Syndication. David's company, Borland and Toupin Holdings, owns and manages a $6 Million Dollar Portfolio of 120 units, as well as single-family fix & flips.

David will discuss the tools he uses as an investor, he'll explain 'Preferred Returns' and 'Annual Returns', and why its important to make your investment opportunity as easy as possible for your investors to understand.

This is a great episode to listen to if you're interested in Syndicating Multi-Family and Apartment investments, or if you're curious about raising Other People's Money.

You can contact David through his website or facebook page:

www.theborlandgroupllc.com

facebook: @thedavidtoupin