The Real Estate Lab

This episode is in Vietnamese!

[00:02:01]

Cty Loan Factory: https://www.loanfactory.com/suong/home

Địa chỉ của Sương: 10515 Bellaire Boulevard Houston, TX 77072

Số điện thoại là: 346-309-6107

Email: [email protected] hoặc [email protected]

Thư gớp ý có thể gửi về [email protected]

[00:04:03]

Private Lender là một người có dư tiền trong ngân hàng. Cho người khác vay để mua nhà để ở hoặc flip.

[00:06:10]

Lender trực tiếp cho người mua nhà mượn tiền. Công ty của bạn Sương chỉ là môi giới.

[00:08:03]

Khi bạn nhận 1099, thì ngân hàng sẽ dùng net income (Gross - expenses) để xét duyệ.

Còn khi bạn nhận W2, thì ngân hàng sẽ dùng con số gross income để xét duyệt.

[00:10:36]

Lien là một văn bản cho phép chủ nợ nắm giữ vật thế chấp (căn nhà) đến khi người mượn nợ thanh toán hết nợ.

[00:11:02]

Deed of trust là một văn bản thỏa thuận pháp luật mà trong đó, người vay nợ cho phép một người hoặc công ty khác giữ tài sản của người vay nợ cho đến khi món nợ được trả hết.

Foreclose là tịch thu tài sản để thế nợ.

[00:12:00]

Underwriting cho vay dựa theo hai yếu tố chính là khả năng trả nợ (ability to pay) và ước muốn trả nợ (desire to pay).

[00:16:26]

Sương nhận commision từ việc hướng dẫn bên mượn nợ và bên vay nợ xuyên suốt quá trình cho vay.

[00:19:25]

Debt to income ratio là tỉ lệ nợ so với mức thu nhập.

[00:20:33]

Refinance: Tái cấp vốn, tái tạo nợ

[00:23:00]

Interest Only là khi ta chỉ trả tiền lời mà không trả tiền gốc. Ví dụ ta mượn $100,000 và lãi là 12%. Thì ta sẽ phải trả $1000/tháng cho lender.

Full amortized là cách mà ngân hàng thường làm. Đó là chia tiền gốc và lãi ra trong một thời gian dài.

[00:24:23]

Ở phương diện là lender, thì mình luôn phải nghĩ cho mình trước. Nếu như người mượn trả interest only, thì tiền lời mình nhận được sẽ mãi ở mức cao nhất có thể vì tiền gốc sẽ không bao giờ tụt xuống.

Sương ở giữa nên luôn muốn tốt cho đôi bên.

[00:30:50]

Trung bình nếu down payment là 30% thì lãi xuất trung bình là 8%.

Nếu down payment là 40% thì trung bình lãi xuất là 7.5%

[00:31:48]

Mức đầu tư tối thiểu để dễ làm private lender nhất là tàm $140,000.

[00:33:34]

Phải có dư tiền mới làm private lender.

[00:33:48]

Và private lender không cần dùng đến số tiền này trong vòng 5 năm.

Số tiền cho vay phải là tiền đang trong một tài khoản ngân hàng.

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[00:02:20] Rod's LinkedIn: https://www.linkedin.com/in/roddrickphillips/

Rod's email: [email protected]

Free Facebook Group: www.EastWestVentures.com/AIMS

Schedule a call with me: www.CallwithVee.com

[00:11:14] Rod's girl friend got him the book that started his real estate investing career. Rich Dad Poor Dad - https://amzn.to/37PMmHY

[00:12:53] Rod mentioned about CAREI (Colorado Association of Real Estate Investors). CAREI was founded by our mentor Bill Bronchick in mid 90s. It's now being run by someone else.

[00:14:03] Door knocking is a really effective lead gen method. 

- Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

- Short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished.

[00:15:17] A double closing is the simultaneous purchase and sale of a real estate property involving three parties: the original seller, an investor (middleman), and the final buyer. 

[00:20:07] The judgment that Rod talks about here is called a deficiency judgment. A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full.

Rod delayed the foreclosure longer, which allowed the seller to stay in her home without pay her mortgage payment a while longer.

[00:20:38] Loss mitigation refers to the steps mortgage servicers take to work with a mortgage borrower to avoid foreclosure.

[00:24:14] Tim Goff was another mentor of ours. Unfortunately, Tim passed away a few years ago. 

[00:37:23] Rod bought cheap houses at the Detroit tax auction. First auction is in Sept every year. The second auction is in Oct. Houses that didn't sell at the first auction will start at $500 at the second auction.

[00:40:24] Rod likes to buy in 48219 zip code

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Full Show Notes

[00:01:36] Nick's email is [email protected]

LinkedIn: https://www.linkedin.com/in/nicholas-ameluxen-04a89911a

Facebook: https://www.facebook.com/nick.ameluxen

[00:02:06] Join our free Facebook Community to learn from other real estate investors at www.EastWestVentures.co/AIMS

[00:02:48] Schedule a call with me at www.CallwithVee.com

[00:06:44] Nick bought Volkswagen stocks and quickly realized he didn't have control in it. 

[00:07:01] House hacking is when you live in one of the multiple units of your investment property as your primary residence, and have renters from the other units pay your mortgage and expenses.

[00:09:21] Jack and Gino's Wheelbarrow Profits Podcast: https://podcasts.apple.com/pt/podcast/wheelbarrow-profits-podcast-multifamily-real-estate/id1025080737?l=en

Jack and Gino's new book "The Honey Bee: A Business Parable About Getting Un-stuck and Taking Control of Your Financial Future" - https://amzn.to/2KJRzam

[00:17:37] Nick shares his tips on what to look for in value add deals.

[00:19:22] Joe Fairless' book "Best Ever Apartment Syndication Book" - https://amzn.to/2XA0znL

[00:26:36:] Networking is key for Nick's success.

[00:28:59] Napoleon Hill's quote "Whatever the mind can conceive and believe, it can achieve."

[00:29:34] Hal Elrod's "The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)" - https://amzn.to/2KIMe32

Full transcript available at www.RealEstateLab.live

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[00:01:53]

Chris Tanner's company website: www.ndtco.com

Chris's email: [email protected]

LinkedIn: https://www.linkedin.com/in/christanner1/

Join our free facebook community at www.EastWestVentures.co/AIMS

[00:04:14]

Hard assets are physical real estate, raw land, single family homes, apartment buildings, precious metals, etc.

[00:06:11]

Key distiction between a truly self-directed IRA plan and a limited selft-directed plan is the ability to hold hard assets.

[00:09:08]

Fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. Usually, a fiduciary takes care of money or assets for someone else.

[00:10:45]

The IRA has a different EIN number of itself.

[00:13:02] 

For IRA accounts, there has to be either a bank or a trust company acting as custodian.

[00:13:24]

For 401K accounts, there is no need for a custodian. 

[00:13:51]

You only need a SSN to open an IRA account. A 401K or solo 401K requires a business entity.

[00:27:40]

You can use debt to buy properties with a self-directed IRA account. You need to use non-recourse loans. 

[00:28:34]

I meant to say distribution at the end of the sentence there.

[00:30:48]

UBIT Tax: Unrelated Business Income Tax

[00:31:30] 

For a leveraged property, you might have to pay UBIT tax for income above $1,000. However, you can deduct your expenses like any other properties.

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Full transcript for the Real Estate Lab Podcast: www.RealEstateLab.live

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

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Listen, subscribe, rate and review:

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TuneIn: https://bit.ly/2NhRCe2

Go to the Real Estate Lab Podcast for full transcript: www.RealEstateLab.live

[00:01:08]

Sam's Contact Info

Schedule a Call with Sam: https://calendly.com/sam_newell_real_estate

Instagram: https://www.instagram.com/samnewellrealestate/

https://Sam.YourUtahAgent.com/

High Cash Flow Investment: https://ipiacquisitions.com/

[00:17:23]

Rod Khlief's Multifamily Boardroom: http://multifamilyboardroom.com/

[00:21:23]

Sam looks for markets with good job base, not a huge amount of crime, stable real estate market. Get 8 to 10% cash on cash return.

[00:22:16]

Tertiary markets will have one to two large employers/ industries

[00:27:37]

Sam team up with property managers, and commercial brokers in the area that know the area well and ask them where do they not want to go and collect rent. Or where do they not want to buy in.

[00:34:24]

Buy and hope is not a good strategy

[00:37:28]

Property Evaluator (http://www.propertyevaluator.com/)

[00:38:05]

David Toupin’s Deal Analyzer https://www.obsidiancapitalco.com/dealanalyzer

Michael Blank Syndicated Deal Analyzer https://themichaelblank.com/syndicated-deal-analyzer/

[00:42:12]

Sam shared the most profound lesson that he had learned

Check out last week's episode: Bretts Swarts - Freedom From Capital Gains Tax

https://shows.pippa.io/the-real-estate-lab/episodes/5-bretts-swart-freedom-from-capital-gains-tax

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Visit www.RealEstateLab.live for full transcript!

[00:00:58]

Brett's Contact:

https://capitalgainstaxsolutions.com/

Capital Gains Tax Solutions Facebook https://www.facebook.com/capitalgainstaxsolutions/

YouTube: https://www.youtube.com/channel/UCAykQNmIWZ0KARBeVWcQxUA?reload=9

LinkedIn: https://www.linkedin.com/in/brett-swarts/

Bigger Pocket:

https://www.biggerpockets.com/co/capital-gains-tax-solutions

#deferredsalestrust

#SaveFailed1031exchange

#primaryhome #businesssale #CREsale

[00:08:03]

Series 22: Direct Participation Programs Limited Representative Exam (DR) — assesses the competency of an entry-level registered representative to perform their job as a direct participation programs representative.

Series 63 license entitling the holder to solicit orders for any type of security in a particular state.

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

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Listen, subscribe, rate and review:

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Listen Notes: https://bit.ly/2JtpZxi

TuneIn: https://bit.ly/2NhRCe2

Go to the Real Estate Lab Podcast for full transcript: www.RealEstateLab.live

[00:00:41]

Your Amazing Itty Bitty Family Leadership Book: 15 Simple Tips Successful Companies Use That Parents Can Implement At Home

TRUE LEGACY WEALTH: Creating Generational Wealth Through Real Estate Investing

Parent Pump Radio

[00:02:41]

Jacqueline's business website: https://www.integrativeminds.com/

Her email is [email protected]

[00:04:27]

South Vietnam (Republic of Vietnam): https://en.wikipedia.org/wiki/South_Vietnam

[00:05:57]

Jacqueline chat about what it was like for her as her family left Vietnam.

[00:07:23]

Currently, in Vietnam, April 30th is known as Reunification Day. However, for many people from the South, from the Republic of Vietnam, April 30th and the entire month of April is known as Black April.

[00:21:55]

You can't say that you like something or not until you've tried it one time.

[00:26:24]

Always check with zoning to see if you can potentially do the same on any of your development deals.

[00:33:44]

Robert Kiyosaki - Rich Dad Poor Dad: https://amzn.to/2NdWhh7

[00:39:26]

The website Jacqueline referred to is https://www.littlebighomes.com/

[00:44:51]

Email [email protected] to get a list of her properties.

[00:55:16]

You need to look at the fees and find out how much your funds operators are charging you.

[00:58:07]

Jacqueline mentioned Mike Wolf's Mastery: https://mikewolfmastery.com/

[00:58:56]

The S&P/Case–Shiller U.S. National Home Price Index is a composite of single-family home price indices for the nine U.S. Census divisions. It is calculated monthly, using a three-month moving average.

[00:59:26]

https://www.rentometer.com/

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

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Join our free Facebook Group at www.EastWestVentures.com/AIMS

For full transcript of the episode, visit www.RealEstateLab.live

Please subscribe, rate and write a review on iTunes if you haven't done so.

[00:00:30]

Jack's website is www.52TEN.com

Jack's LinkedIn profile: https://bit.ly/31o3RL1

[00:02:16]

Jack's email is [email protected]

Free Facebook Community: www.EastWestVentures.CO/AIMS

[00:10:57]

A good strategy that a lot of flippers do is to use the profit from flipping 3 to 4 houses to buy 1 free and clear rental. That's what Jack is talking about here.

[00:15:10]

Jack's company website is: www.52TEN.com

[00:17:58]

Jack goes in depth to explain different types of parks here.

[00:24:12]

Phoenix lot rent ranges from $500-$800 per month

Tucson lot rent ranges from $350-$450 per month.

Yuma is as low as $200 per month

Snowbirds in this case are typically retirees who wish to avoid the snow and cold temperatures of northern winter, but maintain ties with family and friends by staying there the rest of the year.

[00:25:19]

Fast way to underwrite MHP:

(Take # of lots in the park x $Current Lot Rent) - Expenses = NOI

Listen to Jack thoroughly in this section to understand how you can quickly underwrite MHP.

[00:27:02]

A cash-on-cash return is a rate of return often used in real estate transactions that calculates the cash income earned on the cash invested in a property.

[00:28:56]

52TEN's motto for due diligence is: We Don't Like Surprises!

[00:29:17]

Orangeburg pipe is bitumenized fiber pipe made from layers of wood pulp and pitch pressed together. It was used from the 1860s through the 1970s, when it was replaced by PVC pipe for water delivery and ABS pipe for drain-waste-vent applications.

[00:29:54]

Here Jack breaks down how he goes about due diligence.

[00:34:36]

MH University: https://bit.ly/2m3oo8L

[00:40:32]

Jack discusses why he thinks MHP is more stable than other asset classes.

[00:48:58]

Jack's morning routine.

[00:56:14]

Jack's website again is www.52TEN.com - Schedule a call with him, this guy is just so amazing!

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

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[00:00:42]

Check out Rajesh's website at www.smartcapitalmgmt.com

and his email is [email protected]

Apartment Investing & Multifamily Syndication (AIMS) Facebook group: https://www.facebook.com/groups/Apartment.Investing

[00:10:43]

Raj talks about the expense ratio here. The operating expense ratio is determined by taking total expenses and dividing by total rental income.

The physical occupancy rate is the proportion of units that are occupied by tenants. An economic occupancy rate is the proportion of the gross potential rent that is collected -- the money that is actually collected by you or your manager.

T12 or Trailing 12 or Traling 12 months is the data from the past 12 consecutive months used for reporting financial figures.

[00:16:09]

An accredited investor, in the context of a natural person, includes anyone who:

- Earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR

- Has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).

[00:26:43]

You can join the free Facebook group at www.EastWestVentures.co/AIMS

[00:30:36]

Rajesh's meetup - Apartment Investing & Multifamily Syndication https://www.meetup.com/Apartment-Investing-Multifamily-Syndication-AIMS

[00:31:11]

Data Driven Multifamily Investing FB Group: https://www.facebook.com/groups/698798573901277/

[00:32:50]

You can access Enodo here: https://www.enodoinc.com

[00:33:32]

Raj's LinkedIn article: https://www.linkedin.com/pulse/how-my-journey-up-real-estate-learning-curve-raj-tekchandani/

The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss: https://amzn.to/32fNVff

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures - Frank Gallinelli: https://amzn.to/33ihOvl

Best Ever Apartment Syndication Book: https://amzn.to/2IF0rNr

[00:33:54]

Raj's LinkedIn Profile: https://www.linkedin.com/in/rajtek/

[00:34:54]

IRR: Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero. Internal rate of return is used to evaluate the attractiveness of a project or investment

[00:39:40]

Raj's website is www.SmartCapitalMGMT.com

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

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[00:00:23]

Multifamily Investing Academy: www.multifamilyinvestingacademy.com

To get a free trial and sit in on the Monday call, email [email protected] with my name Vee Khuu, or the show name Real Estate Lab Podcast

Dobens Law: http://dobenslaw.com/

[00:01:22]

Three Feet From Gold is an awesome book to read: https://amzn.to/2ATxxoq

[00:06:10]

You can read more about Sam Tamposi here: https://en.wikipedia.org/wiki/Samuel_A._Tamposi

[00:08:50]

Everyone should at least take flying lesson once. That's my personal opinion. The feeling is like no other!

[00:10:05]

How I Turned $1,000 into a Million in Real Estate in My Spare Time: https://amzn.to/33hQMUK

[00:20:53]

The book is called "No One Would Listen: A True Financial Thriller" - https://amzn.to/324bJlQ

[00:31:04]

A proof of funds letter is a document that is given to an investor from a third-party company that verifies and provides proof to a seller of a property that the funds to purchase their property are available and ready to be used toward the purchase.

[00:48:56]

Charlie's website is www.multifamilyinvestingacademy.com

[00:49:21]

To get your free trial, send an email to [email protected]. mention my name Vee Khuu or the Real Estate Lab Podcast

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

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