Rental Property Owner & Real Estate Investor Podcast

If you've ever wondered what it takes to acquire a 40-unit apartment community, then you don't want to miss hearing Josh Sterling take you through the process step-by-step.

You might recognize Josh from Episodes 33 & 34 where he discussed his Buy & Hold portfolio in Single Family, Multifamily & Apartment rentals. Josh is also the owner of Epic Property Management near Detroit, Michigan.

Josh recently acquired this 40-unit in Newport, Michigan, and he's going to walk us through the entire process. Josh discusses the broker relationship that gained him access to this deal, how he ran his initial numbers, the site visit, the Letter of Intent, negotiating the purchase price, the purchase agreement, due diligence, the physical inspection, working with the lender, committing his own money toward earnest funds and bank fees, raising other people's money through syndication, pro-rating property taxes, closing the deal, and managing the property after acquisition.

If you're looking for actionable information that will help you do your next deal, then you owe it to yourself to hear what Josh has to say.

And if you like what you hear, do me a favor and go to to itunes to give us a review & rating.

Enjoy!

Brad Sumrok is the #1 nationally known educator and mentor for multifamily investing in the country, and today he's going to tell us how he helps people retire in just 3-8 short years by investing in Apartment Complexes.

Brad spent 17 years in the corporate world and he shares with us how his first several multi-families allowed him to leave that world for good. Brad and I discuss Robert Kiyosaki's cash flow quadrants, ESBI, and the difference between being a W-2 employee, self-employed, business owner & investor.

We also talk about Apartment Syndication and real, achievable returns that investment sponsors and passive investors strive for.

Brad's personal mission is to help as many people as possible obtain more income, freedom, and security, by transferring his 15-plus years of apartment investing experience to those who attend his training.

And you have a chance to hear him speak on Saturday, February 25th, 2017 in Grand Rapids, Michigan, at the RPOA's Annual Conference at Devos Place Convention Center. Registration is FREE at www.rpoaonline.org

35 years ago, Jeffrey Taylor and his wife became accidental landlords. But they had no way of knowing that long ago, that the mistakes they were making and the challenges they were facing, would someday go on to inspire tens-of-thousands of real estate investors and landlords across the country.

Today you will find out how Jeffrey Taylor transitioned from being a full-time school teacher into Mr. Landlord, a highly sought-after speaker, trainer and author who has spent the past 32 years teaching landlords how to treat rental property as a business, increase their cash flow, and reduce their headaches along the way.

Jeffrey is going to share actionable tips from his "Take Total Control Program" that includes his non-traditional ideas on how to increase your tenant's satisfaction and create more freedom for you as a rental property owner.

But wait, there's more... Because Jeffrey will be speaking at the RPOA's Annual Conference on February 25th, 2017 at the Devos Place in Downtown Grand Rapids, Michigan. I highly recommend that you go to www.rpoaonline.org to register for your FREE admission.

Often times in Real Estate, it can be the little things that differentiate your property from the competition. For Joshua Schaub, it was being located on the right bus line that fueled his early investment success.

In our conversation today, Joshua and I discuss his portfolio of High-End Student Housing, and his criteria and strategies for locating, acquiring, rehabbing and managing them for maximum profit. Joshua also takes us through a case study of his most recent Single-Family purchase.

Joshua & I also share the details on things we've found while walking through foreclosed homes, how Joshua house-hacked his first investment property, our take on the current market, and Joshua's advice to recent college graduates interested in earning a living through real estate investment.

Joshua is the owner of Icon Realty Group, representing buyers and seller in the Grand Rapids Home Market. He also owns Pro Properties, LLC to locate, purchase, renovate and manage his properties.

You can reach Joshua through his website at:

http://theiconrealtygroup.com/about/broker/

Would you agree that doing over 600 Wholesale Deals makes you an expert on the subject? Then you're going to love hearing from my guest today.

Vena Jones-Cox is known as 'The Real Estate Goddess', and she is also a self-described 'Real Estate Geek' who is knowledgeable on just about every aspect of real estate investing and believes it to be the best way to achieve financial independence.

Vena does all of her investing in the greater Cincinnati area and has bought/sold/managed over 700 deals employing many different creative strategies.

Vena also hosts the Public Radio Show called "Real Life Real Estate Investing", and she will be speaking at the RPOA's FREE Annual Conference in Grand Rapids, Michigan on Saturday, February 25th, 2017 from 10 a.m. until 12 p.m. at the Devos Place Convention Center.

Vena will be sharing her unique and up-to-date strategies on the Fastest & Easiest Way to Wholesale Properties for Big Money.

You don't want to miss what Vena has to share. Enjoy this episode and register for the FREE CONFERENCE at www.rpoaonline.org

When Justin Hentemann turned nine years old his father started a property management company. Justin literally learned the business from the ground up - by cleaning hallways and landscaping, to becoming a property manager and team supervisor, to working his way up to Vice President of MTH Management Company.

Today, Justin and I have a very high-level conversation that anyone interested in Commercial Apartment Investing will want to listen to. Justin explains why the success of a property is determined on the day you close, how to find efficiencies and lower expenses, and how to turn around a cash-flow negative property.

You're also going to learn about the different accounting methods and the difference between cash-based accounting and the accrual method. Justin also manages Low Income Tax Credit (LITC) properties, as well as HUD, Rural Development (RD) and MSHDA housing. We'll discuss what these terms mean, as well as what it takes to comply with these types of loans.

MTH Management is based in Lansing, Michigan and manages over 2,000 units of large apartment communities, as well as some smaller multi families throughout Michigan and parts of Ohio & Indiana. You can contact Justin in the following ways:

email: [email protected]

Phone: 517-668-1800

Website: http://www.mthmgt.com/

I know you're going to learn an incredible amount from today's episode. Please take a moment to give us a rating & review on itunes.

What is the best way to determine whether you should be a Buy & Hold investor or a Fix & Flipper? Why not be both?

Robyn Thompson is known as the 'Queen of Rehab'. She is the nation's leading expert in buying, renovating and selling single and multifamily homes for huge profits. Robyn has renovated and sold well over 300 homes.

Robyn has also taught thousands of students how to achieve Financial Independence by investing in distressed properties, and will be sharing her secrets and strategies at Michigan's Largest FREE Real Estate Investor & Landlord Conference & Expo which is happening February 23-25, 2017 at the DeVos Place in Downtown Grand Rapids, Michigan.

Robyn will be speaking at both the morning and afternoon sessions on Thursday, February 23rd and will be bringing along her valuable BONUS materials to hand out to everyone who registers in advance.

For more information & your free registration go to: https://rpoaonline.org/

A lot of listeners have asked me to share more about my investing strategies and experiences in Multifamily and Apartment Syndication. The best way to accomplish this is to bring in my business partner, Marty Green, to discuss three of the deals we've done together.

Marty Green is the owner of Green Property Management here in the West Michigan area. Marty & I have partnered on three separate apartment investments, and we will discuss the many aspects of those deals during our conversation today.

Both of us believe strongly in strategically partnering with the right people to get past plateaus, overcome challenges, and achieve exponential growth in real estate investing.

Marty also explains why your expenses should go up, and your income should go down when you first acquire a turnaround investment property. We discuss what to do when you've inherited bad tenants, alternatives to capital calls, lowering expenses to increase your Net Operating Income, and the number one thing we do at all of our communities to prevent tenant problems and attract the best residents.

I also share how we syndicated these investments: the SEC rules we followed, the types of investors we worked with, the money we raised, and our communications with our current investors.

I know you'll enjoy today's show. Please take a moment to give us a rating and review on itunes.

If you'd like to learn more about Marty Green, you can reach him through his website:

http://www.greenpropertymgt.com/

To learn more about Hamrick Investment Group:

http://www.higinvestor.com/

Listeners to this show know that I'm a big fan of house hacking as a great way to get into real estate investing. Many of our guests have begun their investment career by purchasing a multifamily property and living in one of the units while letting the rent income from the other unit(s) pay for their mortgage and expenses. In fact, I believe house hacking is one of the most sensible and lucrative ways to build a real estate portfolio, and have spoken with many guests who have proven this to be so.

Apparently, Financial Advice Guru Dave Ramsey does not agree.

In a recent advice column, Dave seems to advise one of his readers against purchasing a three unit and living in one side, while letting the income from the other two units pay for his mortgage and expenses.

http://www.daveramsey.com/davesays/column/column/dave_Says_2016-11-07

Dave goes on to suggest the reader would be better off purchasing a nice, single-family home instead.

Does Dave's advice really make sense? In order to answer this question, I've invited several of my past guests into the studio to debate the pro's & con's of his answer.

Justin Workman (Episode 3) and Rob Minch (Episode 9) help me get to the bottom of Dave Ramsey's House Hacking advice, and the result is not what you would expect.

In today's tight and competitive Real Estate Market how do you find those hidden gems, and can you still profit from foreclosures?

Tony Youngs will address those questions and more. During our conversation today, Tony shares his 30 years of experience, systems, and strategies in acquiring foreclosures and hidden market properties.

Tony also discusses wholesaling, rehabbing, and the mistakes he's made along the way.

I know you'll enjoy listening to Tony's techniques, and I also encourage you to come hear Tony speak live at Michigan's Largest FREE Real Estate Investor & Landlord Conference & Expo which is happening February 23-25, 2017 at the DeVos Place in Downtown Grand Rapids, Michigan.

If you plan on getting serious about real estate investing and rental property ownership in 2017, this is the 'can't miss' event of the year.

For more information & your free registration go to: https://rpoaonline.org/