The Real Estate Lab

Join our host, Vee Khuu, and Steve Matley as they talk about low competition and high profit real estate investing. Do you think it’s impossible, let’s find out on the show! Steve is the chair of construction management for the New School of Architecture and Design in San Diego. He’s the president and managing partner of Coast 2 Coast Equity Inc. Steve talks about the potential of land entitlement, the risks involved, and the great opportunities that await!

Resources:

·      Steve Matley LinkedIn

·      Coast 2 Coast Equities

·      Email: [email protected]

·      NewSchool of Architecture and Design

·      James Malinchack

·      Secret Millionaire

·      Real Men of Real Estate

·      Building Solid Foundations

·      Toastmasters

·      Craig Duswalt

·      Jumanji

·      See You at the Top

·      Think and Grow Rich

·      How to Win Friends & Influence People

·      Acres of Diamonds

·      Finest Women in Real Estate

Connect with Vee Khuu!

• Website
• Facebook
• Instagram 
• Linktree

Support this show http://supporter.acast.com/the-real-estate-lab.

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Today on the Real Estate Lab Podcast, join our host Vee Khuu and his guest J. Massey as they talk about how his company dealt with the pandemic. J. Massey is the CEO and the Founder of Cashflow Diary, a company that provides training and development to educating short-term rental entrepreneurs. In this episode, you’ll learn why it is essential to start before you are ready, to fail fast, fail forward, and fail frequently, and the importance of having the right mindset. There is a lot to unpack, so we hope you listen to the podcast!  

[NOTE] I wanted to apologize for not pushing out any new episode for the last few weeks. There were some unforeseen circumstances with my editing team and we haven't been able to work on the podcast. Thank you for your support through out.

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Today on the Real Estate Lab Podcast, we don’t have any guests, but I’ll be sharing something really interesting with you. We’re going to dive into the question, “is it time to sell?” Recently I’ve come across an article written by Jeff Andrews, and I’ve put this episode together to give you my opinion on the matter. Stay tuned, and enjoy!

Outline of the Episode:

• [01:27] Is it time to sell?
• [02:11] The businesses that closed down. What does all this mean?
• [05:02] Why are prices still rising? We have been in a scorching hot market for a long time!
• [08:24] How is this any different from 2008? 
• [11:08] Forbearance is just a delaying of something inevitable.
• [15:42] Preparing for what is going to happen in the market.

Connect with Vee Khuu!

• Website
• Facebook
• Instagram 
• Linktree

Support this show http://supporter.acast.com/the-real-estate-lab.

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We have a special episode prepared for you today. On this podcast (and all the other podcasts you listen to), we’ve had so many people talking about wholesaling, flipping, mobile home parks, apartment buildings, and multifamily investing. But this guy on the episode is in a space that you might have never even heard of before! Join our host, Vee Khuu, and the “Land Guy” himself, Jack Bosch, as they dive deep into the world of selling land! This particular niche is something that not a lot of people are talking about. Somehow, this business has gone under the radar to many people despite it being easy and lucrative! Jack’s students use an effective program to profit handsomely and enable them to venture into other passions or businesses. So, make sure to stay tuned, and enjoy the show here on the Real Estate Lab!

Learn how you can 10x your profits in the business of selling land! Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

·        Jack’s Facebook

·        Jack’s Twitter

·        Jack’s YouTube

·        Jack’s Instagram

·        Jack’s Website

·        Land Profit Generator

·        Email: [email protected]

Connect with Vee Khuu!

• Website
• Facebook
• Instagram 
• Linktree

• [05:44] Honduras versus Germany. Who would win?
• [07:01] Coming to the US from Germany in 1977 and falling in love with the mentality.
• [08:50] Buying a piece of land for $400 and selling it for $10K!
• [14:16] What do his buyers do with the land they get? They’re usually the same as him!
• [18:53] Selling land and different exit strategies. 
• [20:58] Double closing, assignment, and wholesale deals. Getting profit just from downpayment!
• [26:12] Dodging Dodd-Frank regulations and the IRS!
• [30:44] Taxes paid when selling land and strategies you can use to your advantage.
• [34:16] Figuring out the value of a piece of land.
• [39:46] Assessed Values and the math behind a property’s worth.
• [42:10] Not having to do a lot of due diligence. 
• [48:51] Minimizing your efforts and costs by having the buyers conduct the surveys.
• [51:46] A typical conversation with a seller. People who inherited land versus people that know everything about the property.
• [54:56] Different reactions to getting low offers, and Jack sending them another letter in six months!
• [56:55] Junk lands exist! How can you make sure you don’t buy worthless land?
• [59:20] Remember, you don’t need the money for the deals! But how much money do you need for the other parts of the business?
• [1:02:17] Response rates? What matters is how much you make for each response!
• [1:03:57] Follow your own system! Don’t get overconfident.
• [1:06:06] The Forever Cash Hall of Fame? How can you get into it? Facebook Groups with international members!
• [1:11:33] Books and resources. Get rid of the excess things in your life and focus on the important things!
• [1:13:55] Life is not meant to be lived small.

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Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? These are the questions that we will get into. With everyone talking about the potential benefits of going all in, it’s essential to know the value of staying conservative and investing in stable markets. While focusing on growth is needed, you cannot forget about maintaining your business by making room for unexpected situations! 

• [02:21] How did Lebron James’ career choices affect Jason’s relationship with his wife?
• [04:29] Not wanting to work on a farm and the kind of life in Pennsylvania.
• [06:51] The mindset of making money to get the things you want, even from a young age. How did a couple of school teachers have a net worth in the millions?
• [11:51] A $32K duplex as the first rental property. Set up for your financial future!
• [13:42] The market before and after 911. Was it really a crisis across the country?
• [16:36] Enjoying predictability and stability in his market through investing in small towns.
• [18:18] Mistakes in multifamily – being too aggressive with assumptions. It always pays to have a conservative approach.
• [23:06] How a conservative approach is going to preserve you as an investor. Make sure to have available reserves for “break in case of emergency” situations!
• [27:30] The definition of financial freedom and the importance of finding mentors. Copy the successful methods of the people that have done it before you.
• [33:04] Trying to keep on an even keel. Don’t get too high or too low. Remember where you came from!
• [34:37] Be radically open-minded and at peace at the same time. It’s a life of continual learning and finding opportunities.
• [38:38] Having defined goals and expectations in real estate. Are you ready to fire people?
• [41:20] The challenge of feeling satisfied and knowing where to expand.
• [43:10] Crash and Learn: what is it about? You don’t have to brag about your nice things!
• [46:54] Financial goals are empty – focus more on your happiness!
• [48:55] Experience with the Darren Hardy mastermind. Is it necessary to join one?
• [55:14] Hiring people that are better than you. Be comfortable in having other people make the decisions for you!

Resources:

• Pero Real Estate
• Jason’s LinkedIn
• Jason’s Facebook
• Crash and Learn
• Rich Dad, Poor Dad
• The Millionaire Next Door
• Three Feet From Gold
• Darren Hardy
• Adam Adams

Connect with Vee Khuu!

• Website
• Facebook
• Instagram 
• Linktree

Support this show http://supporter.acast.com/the-real-estate-lab.

Hosted on Acast. See acast.com/privacy for more information.

Join Vee Khuu and Livable as they talk about the basics and benefits of RUB systems. Livable is a company that helps property owners and investors increase their ROI and decrease their expenses. Livable is a utility billing and management company that provides an efficient system to consolidate billing. But, how do these systems work, and why you consider implementing such a service? All these and more, on the Real Estate Lab!

Resources:

• Livable
• Email: [email protected]
• Contact number: (877) 789-6027
• Livable Calculator

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Learn how you can turn multiple streams of income into a raging river of wealth! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Resources:

·      Jake and Gino

·      The Honey Bee

·      Wheelbarrow Profits

·      Family, Food and the Friars

·      Email: [email protected]

·      Relentless

·      Customer Service Revolution

·      Never Lose a Customer

·      Atomic Habits

·      Mindset

Outline of The Episode

• [04:09] Gino’s favorite dish to eat out of all his tutorials.
• [04:45] Creating multiple streams of income and eventually getting into real estate.
• [06:41] Selling his restaurant right before COVID-19. How does it feel to let go of a part of yourself?
• [09:06] Why is apartment investing a critical field for investors to understand? Gino was able to get into it while working with his restaurant!
• [11:33] The American Dream has changed over the years. It’s now reclaiming our time, working on something that we love to do, and giving back.
• [15:24] Things always work in threes.
• [17:40] The reason behind the name Wheelbarrow Profits.
• [19:29] The importance of building multiple streams of income and being competent in whatever field you’re in.
• [22:59] When should you decide to make another stream of income?
• [27:50] The reason for writing his book, The Honey Bee. The risks of having only one stream of income. 
• [28:23] Who should read The Honey Bee? Always be ready to look for complementary streams of income.
• [29:55] The unique points of the book, teaching how to get something done, and knowing who can help.
• [30:40] The significance of financial control. You have to drop instant gratification!
• [33:04] Should you put your money in a 401K? You want leverage, liquidity, and control.
• [34:38] The biggest scam in the world!
• [35:24] It’s the right time when you’re ready. Look at what’s happening with W2 jobs.
• [37:19] The value of education and being responsible for your actions. Surround yourself with people that will push you to success!
• [40:00] How much has he spent on education? You won’t believe it!
• [41:33] We’re all just winging it! Continue to take baby steps and learn more!
• [42:52] All successful people have a coach. There’s value to paying rather than investing your time in free things!
• [44:25] Don’t make the mistake of staying in your comfort zone! Get out there and try new things! Gino regrets not jumping into real estate earlier.
• [45:06] The problem with old properties as they get older and the transition to newer brick builds.
• [46:56] Gino’s resource recommendation and his take on homeschooling. It’s not about the smartest person, but the one who works the hardest.

Support this show http://supporter.acast.com/the-real-estate-lab.

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Join Vee Khuu and Jerome Myers as they talk about his experience with getting into real estate as he left corporate America. Jerome is the kind of investor that likes to give opportunities to others. He gives his take on expensive coaching programs in the space and his love for joint ventures. There is a lot of value to experience and using it to drive growth for your business, rather than paying for courses with promises that are too good to be true. Stay tuned, and enjoy the podcast!

Guest's contact:

·      Connect on LinkedIn – https://www.linkedin.com/in/jeromemyers/

·      Listen to the DreamCatchers Podcast - https://soundcloud.com/dreamsshouldbereal

·      Watch the DreamCatchers Podcast - https://www.youtube.com/channel/UCooy2LtVZEmGafiyEQmxLhA

·      Gain access to real estate investing education – www.MyersMethods.com

·      Learn more about the Myers Development Group – www.d3v3loping.com

·      Watch Myers Methods Masterclasses - https://www.youtube.com/channel/UCj9lIRCit-ULEiI4GTuJ4ww/

·      Free 15-minute Multifamily Kickstart Call - https://calendly.com/d3v3loping/kickstart

Support this show http://supporter.acast.com/the-real-estate-lab.

Hosted on Acast. See acast.com/privacy for more information.

·      Kyle Marcotte https://kylemarcotte.com/

·      LinkedIn: https://www.linkedin.com/in/kyle-marcotte/

·      Facebook https://www.facebook.com/kyle.marcotte.52

·      Instagram https://www.instagram.com/kylemarcotte9/

·      Email: [email protected]

·      Crushing it in Apartments https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate-ebook/dp/B01N6DKA10

·      Shopify https://www.shopify.com/

·      Rich Dad Poor Dad https://richdadeducation.com/Country/

·      Gary Vee https://twitter.com/garyvee

·      Tony Robbins https://twitter.com/tonyrobbins

. Details Show Notes: https://realestatelab.live/ep-31-kyle-marcotte-dont-just-sit-there-how-he-built-a-5-5m-portfolio-at-21/

·       [03:30] Kyle’s favorite striker in soccer.

·       [04:11] How he decided that real estate was the best route for him as a sophomore at UC Davis.

·       [06:39] His process of educating himself first through books and podcasts before going to local meetups.

·       [08:40] Understanding the whole picture first before learning in detail. Everything in real estate is interrelated!

·       [09:46] The details of his first meetup and meeting Neil Bow as he was on his way to stardom in the real estate space.

·       [11:08] Being able to raise capital through finding partners and private equity at 20 years of age.

·       [12:53] Common objections that people say to a 20-year-old real estate investor and the hardest opposition. Never underestimate the power of authenticity and confidence!

·       [18:05] Limiting beliefs and his inspiration for defeating these thoughts.

·       [21:20] Having people that helped in key life moments and the effects of third party validation.

·       [22:25] Kyle’s mentor-ship program. Helping young people find what they really want in life through financial education.

·       [24:43] The costs and the things to expect from the program. How many clients does he manage?

·       [28:07] Internal and external metrics to look for on deals.

·       [30:24] Defining conservative underwriting at this time of uncertainty.

·       [33:06] The lesson he learned from sports that transferred to real estate: focusing on helping. Life is not about you; it’s service rather than significance!

·       [35:05] Biggest challenge: staying inside all day as an extremely active person.

·       [35:57] Kyle’s superpower of connecting emotionally.

Support this show http://supporter.acast.com/the-real-estate-lab.

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Join Vee Khuu (Real Estate Lab Podcast), Michael Brady, and Alex Shandrovsky’s (Madison 1031) discussion about Qualified Intermediaries and 1031 Exchanges. Madison 1031 is a widely-respected company in the real estate industry with many years of experience. They talk about different kinds of exchanges and the differences between a 1031 Exchange and opportunity zones. Can it be used for syndication? What if someone leaves the partnership? When should I NOT go for a 1031 Exchange? These are some of the questions that Michael and Alex answer on the show. Stay tuned, and enjoy!

Resources:

·      Madison 1031 https://www.madison1031.com/

·      Michael Brady LinkedIn https://www.linkedin.com/in/mikesbrady/

·      Michael Brady Phone 631-241-3812

·      Email: [email protected]

·      Alex Shandrovsky LinkedIn https://www.linkedin.com/in/alex-shandrovsky/

·      Rev. Proc. 2005-14 http://www.irs.gov/pub/irs-drop/rp-05-14.pdf

·      Bernard Reisz https://www.401kcheckbook.com/

·      Yonah Weiss https://www.linkedin.com/in/cost-segregation-yonah-weiss

Support this show http://supporter.acast.com/the-real-estate-lab.

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