Rental Property Owner & Real Estate Investor Podcast

The Good, The Bad, and The Ugly: Last week successful investor Steve Whitteberry shared his stories of 'The Bad & The Ugly' with us. Today we get to discuss 'The Good'.

Steve will discuss his use of Self Directed IRA's and how they're helping him prepare for retirement. We'll also discuss 'Alligators' and how they can eat up all your Cash Flow.

And we'll also compare our experiences purchasing two separate 4-units, both of which were bought for a great price at the bottom of the market, but had two very different outcomes for each of us.

The Good, The Bad, and The Ugly: Sometimes we come across deals that are too good to be true but we suspend our better judgement because the person selling those deals is so persuasive and says all the right things.

Steve Whitteberry is our guest today. Steve is a successful real estate investor who will share his stories of making investments and working with certain investors that he later came to regret. Steve will share the valuable lessons he learned from these experiences that will hopefully prevent you from making the same mistakes.

In part one of our interview we will also discuss Robert Allen's 'No Money Down', the value of land, and helping people who are going through the foreclosure process.

Many experienced investors can share this story: the one about the deal they chased for months or years, spent countless hours and phone calls and emails and money on, invested all their energy and emotion into, and no matter how hard they tried, it just wouldn't close, it couldn't close, and eventually they had to admit defeat and walk away.

Dealing with these types of setbacks can be devastating. But learning to overcome them can be life changing.

Today we discuss what happens when 'failure is not an option' turns into 'failure is inevitable' with Keith Littlepage, a successful investor and business owner who is brave enough to share his story of the Florida land deal that almost broke him and the aftermath that no one could have expected.

Keith will also discuss his use of private money, and an unlikely funding source he's discovered that has been a 'game changer' for him.

To Contact Keith go to blueskiesfunding.com

Last week Ken Jenkins shared with us how he used direct marketing to find, negotiate and purchase an 8-unit multi-family and duplex in Plymouth, Michigan.

Today Ken & I discuss the 20-unit multi-family he was able to acquire in Belleville, Michigan when he discovered it through a Craigslist add.

Ken will take us through his negotiations with the seller who insisted on an all-cash purchase, and what happened when he was faced with multiple vacancies and had to fire his management company.

Once again Ken takes the time to share his methods, numbers, and every gritty detail - including stories of death, drugs and doing whatever it takes to be successful!

Discovering Off-Market Real Estate opportunities that cash flow and offer great upside potential is like finding the Holy Grail for Real Estate Investors. Today I talk with someone who's managed to do this twice since he began three years ago.

Ken Jenkins is an investor from the Plymouth/Canton area just outside of Detroit, Michigan, and he has had great success in finding multi-unit properties through direct marketing, negotiating for the best deal possible, and creating value by improving the property and raising rents.

We will discuss how he began as an investor, then he will take us step-by-step through his process of finding, negotiating and asset managing an 8-unit and duplex in Plymouth, Michigan. Be ready to take notes, because Ken will be delivering you a master class in Real Estate Investing!

Interview with Harvey Hansen from Indoor Climate Solutions. Every residential rental property has a system for keeping your residents warm in the colder months, and if they're lucky, cold in the warmer months. Depending on the age and condition of these systems, you or your resident could be spending a lot more on utilities than is necessary. In order to save and make more money, its important to understand how these systems work and how they can be more efficient. Today we talk about the different types of equipment that are used to heat and cool your property with Harvey Hansen from Indoor Climate Solutions, a Grand Rapids based company since 2006.

We'll be discussing forced-air systems, hot water heat and air conditioning choices as well as energy saving tips and techniques that will save you money and help you avoid possible disaster.

Interview with Angela Hovermale from Banner Drywall

To be successful as a real estate investor it helps to know and understand your 'why'. Why be an investor in the first place? Is it just to make money, or is there a deeper reason? Today I sit down to talk with local investor and business owner Angela Hovermale about her 'why's', and how they've led her and her husband to invest in her own backyard and improve the neighborhood and community they live and invest in.

Patrick Spitzley Interview:

We've all seen those shows on HGTV where investors buy a house out of foreclosure or auction, fix it up, flip it, and make a killing. It all looks so sexy glamorous and fun. But is it really like that in real life?

Today I talk with someone who does rehabs & flips for real. Patrick Spitzley is the owner of the Spitzley group. He buys the worst of the worst and goes in with his crew to 'bulletproof' the home by completely rehabbing it top to bottom. We're going to talk about his philosophy on flipping, rehabbing, building spec homes, private money, and his recent trip to Nigeria and what he learned there that will help him in his investing going forward.

EP012 with David Hill, Attorney at Kreis Enderle: For every rental property owner and investor there comes a time when expert legal advice is necessary. Whether you're putting together a contract or purchase agreement, forming an LLC, or dealing with a slip and fall at one of your rentals, having an attorney on your team is essential to protecting your interests and investments. Today I sit down to talk with David Hill, one of the RPOA's team members and real estate attorney for Kreis Enderle in Grand Rapids, MI. We'll discuss a wide range of topics, such as strategies and pitfalls of buying foreclosure properties, evicting your tenants legally, making sure your lease agreement is airtight, setting up a proper legal entity to hold your investment property, asset protection and estate planning. Everyone's situation is different, so the opinions you hear in this podcast may, or may not apply to you. In this conversation David will share enough general information so that you can have a much more informed conversation with your attorney on your team.

If you own, or are about to invest in rental property, then you need to have a good insurance agent on your team. Today I sit down to talk with Mike Murphy from J.B. Harrison Insurance Agency (http://www.jbhins.com/)

During our conversation we talk about the different types of insurance and coverage, what investors need to consider for their insurance policies, common mistakes investors make in choosing insurance, and how to find the best agent for your team.

No two insurance policies are the same, and this episode will help you make sure you have the right coverage at the best price.