The SFR Show

Kellie Chrisman is a California licensed attorney who has experience in estate planning, trust administration, contested trust matters, conservatorships and business/corporate law throughout California. Following graduation, Kellie found her passion for helping people and clients by making the complexities of the law accessible and approachable during the worst of times, planning for a loss or following the loss of a loved one.

It is with great pleasure that Kellie feels she can take the worries and difficult tasks of legal issues off her client’s minds and allow them to simply be in the moment and focus on what is most important to them. Tune in for today's episode where Kellie shares her insight on what you as a real estate investor need to be aware of to protect your estate and some real-life experiences of some of her own clients.

 

Episode Link:

https://www.taylorchrismanlaw.com/

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions, and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have Kellie Chrisman who's returning on the podcast with me. Kellie is an attorney extraordinaire, and she's going to be talking to us about all the things we as real estate investors need to be aware of when it comes to protecting our estate. So let's get into it.

 

Before we get into the episode, I would definitely encourage everyone listening to go check out the Roofstock Academy at roofstockacademy.com. It is a one-stop shop education platform that comes with over 50 hours of on-demand lectures one on one coaching access to private slack forums and our community as well as a bunch of other financial benefits depending on which program you opt to enroll in. Just come check us out at roofstockacademy.com. Looking forward to seeing you in there.

 

Kellie Chrisman, welcome back to the show. It is always a pleasure to have you on.

 

Kellie:

Awesome. Thanks for having me.

 

Michael:

No, it's totally my pleasure. I'm super excited. You are an attorney, an amazing person, a mother a rockstar. For anyone who hasn't heard your prior episodes, give us a quick and dirty who you are and what it is you're doing.

 

Kellie:

Oh, this morning…My name is Kellie Chrisman. I'm an attorney I practice law in California and kind of I practice California law for other people throughout the United States. I grew up in Chico, which is in Northern California town, Sierra Nevada, beer, Chico State, things like that and then went to college at UCLA law school at Loyola and then my husband, I say we got stuck in LA for about 10 years. But we loved it, we had so much fun and then moved back to the Sacramento area to be close to family and really close to the mountains, we can get to Tahoe in an hour and a half we can get to San Francisco or an hour and a half. It's awesome. So that's where I'm based now and practice state planning, business for setting up business entity that has information and strategy for smaller investors and real estate clients and if I can't help somebody I like to send them where I would trust. So yeah…

 

Michael:

Love it, I'm so glad you mentioned estate planning since that's the topic that I really want to focus on today. So I think I mean, in full disclosure, you are my attorney, you've helped me so much with estate planning and entity formation and just getting all my ducks in a row. So I want everyone to know how amazing you are and I can personally attest to that.

Kellie:

You can say it I can't, you know I can't.

I really apprecia

Tune in for today's episode where Michael and Lori answer questions that we have received from listeners and members of the Roofstock Academy. We cover questions on property management, appraisals on all cash offers, editing lease agreements, wire transfers on EMDs, insurance assumptions, and renter’s insurance.

Please submit your questions as comments on YouTube for the next round!

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Pierre:

Hey, everyone, and welcome to the Remote Real Estate Investor Podcast. Today I'm joined by Michael Albaum and it is my distinct honor and pleasure to welcome Lori Ruddle. Lori, welcome to the podcast for the first time.

 

Lori:

Thank you.

 

Pierre:

Do you want to give a brief introduction for yourself?

 

Lori:

Let's see right now, I am the Roofstock membership concierge and also one of the coaches.

 

Michael:

Yeah, you are!

 

Pierre:

Today we're going to be tackling some more questions that we got from members of the Roofstock Academy and also some listener submitted questions. So let's hop right into it.

 

All right, so let's jump right into the questions. So I'll just pitch these out to you and whoever's excited about responding to the question, feel free to pipe in.

 

Michael:

Let's do it.

 

Pierre:

First one here. Can you have a property manager, only qualified tenants?

 

Michael:

Ooh, Lori… You are all over this!

 

Lori:

Yes, I will do my best! You have the ability to do like have them do everything that they would normally do or you can piecemeal it out and do everything ala carte. So you prefer to do the screening, which is very uncommon, but perhaps you prefer to do the screening and then you can do the screening and have them handle the month to month. So like collection of rents, all those different kinds of things, so you can definitely piecemeal it out.

 

Michael:

And then if you because I've had this question come up to if you wanted someone to only do the leasing piece of it, do you think that most property managers are open to doing that, like with a leasing agent, and then you do the actual management yourself?

 

Lori:

It depends upon the location, like some location, you know, it depends on where you're located, because some locations, some areas have a higher percentage of you know, leasing done by realtors and others have a higher percentage that are done by property managers. So it really kind of depends upon where you're located. Like in my area, it's not very common for realtors to do leasing, so…

 

Michael:

Yep, yeah, same for me. I was super surprised to learn that that was like something that Realtors did. I was totally foreign to me.

 

Lori:

Yeah, so it depends.

 

Michael:

Yeah. Okay, so I guess kind of, like so many things, ask reach out to the property manager, ask them? Is that something that they're open to and what the fee structure would look like if they are?

 

Lori:

Yeah, and definitely check with the realtor that you've been using, if you're using one in that area, because maybe it's cheaper, maybe they do it one off, you just never know, it's just good to kind of find out which way is going to work better for you.

 

Michael:

Yeah, super good point and even to that point, I love working and I've chatted with a lot of people about this in the academy. But I love working with agents who are also property managers, or vice versa. Because I always say you date your agent, and you marry your property manager and so if your agent sells you a crummy deal, they're off to the next transaction, you might never hear or see the

Pete Neubig is a realtor who focuses on investment properties. Pete has been investing in real estate since 2001. He has owned and managed a 39, 52, and 100-unit apartment complex. He currently owns single-family homes and a 52-unit apartment complex. Pete created a property management company based on the motto "By investors for investors". His property management company has clients from Houston and all over the world. His technology-based systems allow owners to see everything that is happening at their property without having to be involved.

Tune in for today's episode where Pete talks us through some of the mistakes that he made as an investor and how he's doing things differently today.

Episode Link:

https://www.vpmsolutions.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Pete Neubig who is a real estate investor and CEO of VPM solutions and Pete is going to be talking to us today about some of the mistakes that he made as an investor and how he's doing things a little bit differently today than maybe your typical investor. So let's get into it.

 

Pete, what's going on, man? Thanks so much for hanging out with me today. Appreciate you coming on.

 

Pete:

Michael, thanks so much for having me, I'm really looking forward to it.

 

Michael:

No, me too and so before we hit record here, you were telling us about the three different lives that you've lived. So you are a super interesting guy. Needless to say. So for anyone who hasn't heard of Pete Neubig before, give them the quick and dirty rundown of who you are, where you come from, and what you're doing in real estate today.

 

Pete:

Sure. Well, real quick. Let's see, I'm from New York City originally, I moved to Texas in Houston back in 1995. So I have a gun. So I guess I'm a Texan now.

 

Michael:

Give me one when you move to the state, like I think…

 

Pete:

They give you a cowboy hat, a gun in some boots, you know. So I started buying real estate in 2001 when I bought my first property, actually, I bought a duplex and a single and a a 100 unit apartment complex like same day, like I closed on the same day, I ended up owning bunch of property that I ended up starting a property management firm and I got so busy doing that, that I stopped buying real estate for a while just to build the investment, the property management business, I ended up selling the property management business and now I started a an online platform. It's a virtual property management solutions or VPM solutions where we connect the real estate industry with virtual talent around the globe, so…

 

Michael:

That’s so cool. Pete just taking a total step back to say you're from New York now living in Texas, do you remember like I don't know in the late 90s, early 2000s there was that pace salsa commercial where like all the cowboys were sitting around like, where's that guy from New York City, New York City? When you say that, that's like the first thing that I thought of like, oh, hey, salsa commercial.

 

Pete:

And I still can't say y'all correctly I get I get I get yelled at all the time and I'm down here saying y'all, so…

 

Michael:

Y’all with the New York accent, I love it, I love it. Well, you did you I mean, this is a really cool trajectory that that you've ended up on and I would love to focus on kind of the first stage of your investing career where you own a bunch of rentals and again, we were chatting before we h

Real estate investor, author, and podcast host Henry Washington entered the industry in search of building passive income to achieve financial freedom. In just three and a half years, Henry built an impressive rental portfolio and now turns his focus to teaching others how to create wealth through real estate investment. Listen in todays episode where Henry talks us through how to work with small banks to get initial loans, make contractor connections, market effectively to generate leads, and adjust your mindset for success. 

Episode Link:

https://henrywashington.clickfunnels.com/order-485129501621009952063

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Henry Washington and Henry is an investor and he's gonna be talking to us about how he went from zero to like a gazillion doors in a very short amount of time, and what he did to get there. So let's get right into it.

 

Henry, what's going on, man, thanks so much for coming on and hanging out with me and I really appreciate you.

 

Henry:

Hey, man, thanks for having me, I appreciate it.

 

Michael:

No, it's gonna be a lot of fun. So I know a little bit about your background but for those of our listeners who might not be familiar with the Mr. Henry Washington gave us the quick and dirty who you are, where you're coming from and what is it? You're doing real estate today?

 

Henry:

Yeah, Henry Washington, I'm a real estate investor based out of the Northwest Arkansas market. So it's the northwest corner of the state. It's this like little unique bubble have an area. There's so much huge recession proof industry here. So it's a lot of money in this little part of the country that makes this market pretty unique and so I've been investing here, four and a half years, I'd say close to five years now I bought my first house five years ago and prior to that I was a nine to five or working for I worked for Walmart and so they're headquartered out here. It's one of the companies, you know, that's, that's based out here and so I did data analytics and software development for them for 10 years, and made a great salary and I also spent a great salary and so I often found myself not having money before I was to get paid again and, you know, I think a lot of people find themselves in that situation.

 

My, I guess the pivot for me came when I got married, got married fairly quickly, my wife did not want to run out of money before we got paid again and that was that was the first time where…

 

Michael:

A reasonable request…

 

Henry:

I guess. It's so I, you know, I started to realize that the path I was on financially wasn't going to provide me the life that I truly wanted and I knew that but when it was just me, like, there was no like, I was okay, I was like, whatever, I'll figure it out but like, when you have somebody else who's depending on you, you know, a lot of those things become a lot more real and so I had a panic attack one night, after we tried to buy a house together, and I couldn't be on the loan, because my credit was so bad and the bank said, hey, you're gonna ruin this for your wife, if you guys want to be able to buy a house and so then we, you know, we had conversations as a couple of about our future and what we wanted and kids and dream houses and you know, all the things married couples, young new married couples talk about, and I was like, I can't afford any of this. Like, I just, it was just as unse

Derek Dombeck, a Real Estate Expert hosts and runs the WiscoREIA based out of Wausau, WI. There he coaches and teaches other real estate investors his keys to success. He is currently hosting 3 national Mastermind groups called the R.E. Circle of Trust and puts on an Advanced training and Networking event each winter called The Generations of Wealth Voyage.

In today’s episode, Derek shares his strategy for creative deal structures and how he raises private money to execute more deals.

 

Episode Link:

https://gowvoyage.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the real estate investor. I'm Michael Albaum, and today I'm joined by Derek Dombeck, who's an investor, owner of a private lending company as well as conference host. So let's get into it and hear about Derek's private money and sophisticated purchasing strategies.

 

Hey, Derek, what's going on? Thanks so much for taking the time to hang out with me today.

 

Derek:

Yeah, I just appreciate you having me on.

 

Michael:

I think it's, it's totally my pleasure. I think we're gonna have a lot of fun today, because we're talking about a pretty interesting topic here but before we get into the meat, and potatoes and sausage, as you mentioned, the in from Wisconsin, give all of our listeners a little bit of background and insight into who you are as an individual and what it is you're doing with real estate today.

 

Derek:

Well, don't forget about the beer in Wisconsin as well.

 

Michael:

That's right. Before we get to the beer and sausage…

 

Derek:

Yes, I just started out as a construction worker back in the day and started in 2003, just like most people do, you know, we buying and selling at that time holding rental properties and we were buying in the state of Wisconsin buying cash flow properties but we also got, I don't want to say sucked in in a bad way. But we kind of got sucked into the craze of building new construction in Florida in the early 2000s, which went really well until it didn't. So and in 2007, you know, in that short period of time, my wife and I had built up a pretty nice portfolio and, yeah, it we lost it. We lost it all down there. Fortunately, we didn't lose our personal residence but the majority of our holdings, I mean, at that time, we had about 29 doors, right around $4 million in assets and just within months, it was down to a million dollars in assets on paper, cash flow was negatives and I look at that now, as such a blessing. It didn't feel like a blessing back then. I mean, it was definitely a blessing in disguise. But we would have never been forced to learn how to get creative and learn how to structure deals creatively because when we started, we use banks for everything. You know, we were just like lending tree, everybody was throwing money at us and we had great credit, good income, jobs, all the stuff that banks love and we quickly realized how little control we had over our business, the bank's control their business and when the bank stopped lending, we were dead in the water. So it took a few years but fast forwarding on we learned how to get creative and more than that, I learned how to talk to people, because I didn't hide from our problems. Like many I didn't join all these class action lawsuits, blaming everybody for everything that went wrong. There certainly were people that did us wrong. But at the end of the day, we take responsibility for our own actions and I want it to be able to, you know, approach the banks, and especial

Shawn Moore was selling high-end resort properties back in 2008. He was making big money, living lavishly, and about to close on a new mansion in Newport Beach. When, out of nowhere, the owner of the resort they were selling for got indicted on securities charges. Feds came in and shut everything down overnight, including their paychecks.

In this episode, discover how Shawn came out of this huge loss and turned around to excell in a related sector. Shawn shares his strategies for growing and scaling a short-term vacation rental portfolio. Learn from Shawn's 20 years of ups and downs as an investor.

Episode Link:

https://vodyssey.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Shawn Moore, who's the founder of VITC, a short term and vacation rental education program and he's gonna be talking to us today about what we need to be aware of as we get involved in the space as investors. So let's get into it.

 

Shawn Moore, what's going on, man, thanks so much for hanging out with me. I appreciate you.

 

Shawn:

Awesome, Michael. Thanks for having me, man. I really, really excited to chat with you.

 

Michael:

Now, likewise, likewise. So it's gonna be a lot of fun. We're gonna be talking all things short term vacation rental today. But I want to give our listeners a little bit of background into who you are, where you come from, and what is it you're doing real estate today?

 

Shawn:

Yeah, awesome. Well, first, thanks for thanks for having me and, yeah, we've been around the real estate game for a little while now. I've been a full time real estate investor for 22 years, if you can believe it. I feel like I've been around the block a time or two and really started my journey into real estate in the fix and flip game for a long time, I was just doing mostly fixing flip houses I wholesaled. One deal, it's what got me into the into the game back in 2000 and then realized I wanted to wanted to start doing the actual rehab on the properties and did that for a good bit of time and I remember going back in the day to a real estate investment club, local real estate investment club meeting, kind of sticking my chest out and acting like I was a big shot and telling everybody how awesome I was at I think I was about 23 at the time and felt like I'd had I had arrived, right and I remember this old guy named George, he came to me and put his arm around me and just said, Hey, Shawn, you I know you think you're pretty, pretty big deal around here. But you're really not a real estate investor, you need to quit referring to yourself as an investor, you have a job fixing up houses and at the time I really shot my ego, right? I was like, man, this this kind of sucks. I mean, he's like, if you can't be an investor, if you don't have any passive income and that was that was back in the you know, I was a couple of years into real estate in what I thought was investing, which a lot of people a lot of us have done fix and flips and but he was right, you know, really I was, I'd buy a house, I'd have to fix it up and I'd sell it and I have to keep doing over and over and over again and really that's what I had, I had a job of fixing up houses and selling.

 

So it opened my eyes back then that conversation to the idea of passive investments and passive income in real estate and, you know, there's lots of avenues, lots of lanes that you can run down in real estate and the natu

Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $947 million-dollar portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that "We can only manage what we can measure". His second mantra is that, "Data beats gut feel by a million miles". These mantras and a dozen other disruptive beliefs drive profit for his 700+ investors.

In today's episode, Neal shares insights about his strategy for multifamily investing, some interesting market statistics, and what he expects the future of the real estate market to look like.

Episode Link:

https://multifamilyu.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by my very special guest, Neal Bawa and he's talking to us about multifamily investing syndications and some really, really interesting market statistics about looking forward into what the real estate market future holds for all of us. So let's get into it.

 

Hey Neal, thanks so much for taking the time to come on the show with me today. I really appreciate you coming on and sharing some wisdom with me.

 

Neal:

Well, it's exciting to be here, especially because I am a fan of your company and until five minutes ago, I didn't know that I was doing a podcast with Roofstock. So super excited to be here.

 

Michael:

Awesome. Well, surprises always tend to keep people on their feet. So I'm really excited to chat with you today. So I know a little bit about your background and who you are but for anyone listening, who might not be familiar if you can give us the quick and dirty who you are, where you come from, and what is it you're doing in real estate today?

 

Neal:

Absolutely. I'm a geek, a nerd, a maverick, I come from Silicon Valley. I live in Silicon Valley, I'm a data scientist by profession with a computer science degree. I've had a successful tech career, which, after 17 years ended in the sale of my technology company. I got into real estate because I live in Texas Fornia and I was paying 53.7% of my gross income in taxes and so you know, I looked around and looked at lots of different avenues to save money, looked at solar panels looked at oil, and came to the conclusion that none of those were anywhere close to real estate in terms of the incredible taxation benefits. I tell people, real estate is America's number one legitimate tax mafia. That's really what it is. I mean, no other area has the astonishing, the shocking tax benefits that real estate has. So I started doing real estate for that and started sharing a lot of my data science, you know, thought processes and ideas and it sort of just exploded from there. The first time I shared my insights on data science, I had four people in front of me. A week ago, I had 1100 listening.

 

Michael:

Oh my gosh, that is really, really cool. So I love chatting with data scientists with geeks and nerds as the self-proclaimed title that you gave yourself, because I think it puts a process. They come from very process oriented backgrounds, and it allows them to apply the same processes to real estate, which I'm sure we're gonna get into in a little bit. But you're doing some pretty amazing things in the multifamily space if I

Gino Barbaro is an investor, business owner, author, and entrepreneur. As a real estate entrepreneur, he has grown his portfolio to over $100,000,000 in assets under management and is teaching others how to do the same. Gino Barbaro is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right ™.

When starting their real estate investing career, most investors initially think about buying a single-family property (whether that's one home or a condo) and renting it out. Multifamily, though, is an entirely different story. Few people have experience buying an apartment building, let alone being in charge of running one. How does multifamily compare to single-family investing? In today's episode Gino shares insights on being a multifamily entrepreneur and syndicator.

 

Episode Link:

https://jakeandgino.com/

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, what is going on? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Gino Barbaro, and he's going to be talking to us about being a multifamily entrepreneur and syndicator who used to be a restaurant owner. So let's get right into it.

 

Gino what's going on, man, thanks so much for taking the time to hang out with me today. I appreciate you coming on.

 

Gino:

Michael, thanks for having me on. It's gonna be a lot of fun. We're going to talk a remote investing seems like an all you single family, people out there. Come over to the dark side. The dark side is multifamily. I know it's the pie in the sky out there but trust me if the pizza guy and the drug rep can do it. Anybody can do it, Mike.

 

Michael:

I love it, I love it. You know, so I know a little bit about your background. Give all of our listeners who might not be familiar with who you are, where you're coming from, and what is it you're doing in real estate today.

 

Gino:

When people ask me that my wife always says Gino, you need to expand upon your background and I'm like, I hate talking about myself and I could spend the next 30 minutes talking about myself because I'm not a young dude anymore but real quick. I'm gonna give me the 32nd overview. I got into real estate, probably out of college family. I went into the restaurant business and it was awesome. The first 10 years the restaurant business back in the early 2000s. Late 90s was phenomenal every business was great back then you could actually have an you know, a middle class lifestyle that way we were having a small business 2007 hits my father passes away and I went to work with my dad since I was eight years old. So I was in the business with him. I saw him every day and at that point, I start saying to myself, and I've shared this story a couple times in my living his dream or is it really my dream coincided with the Great Recession of 2008 all of a sudden, I'm working harder.

 

I've got freaking GrubHub I've got Uber I got all these things delivering you can buy Taco Bell for three bucks was gonna come on by Geno's pizza. You know, I mean, the competition was fierce. I was losing the appetite for business because I didn't have a business. I basically had a job. How many of you out there feel like that have a small business and I didn't understand core values. I didn't understand how to scale a business. I had one restaurant, and I met Jake. Fortunately, in 2009, he was a pharmaceutical rep gett

In today's episode, we take on listener-submitted questions. We’ll discuss calculating cash flow, risk-adjusted returns, getting started without large sums of capital with partnerships, and Michael’s personal thoughts on the current housing market.

We love hearing from you all and taking on your questions, so please keep them coming. Whether it is through reviews or YouTube comments, we will do our best to get to all relevant questions you all send our way.

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Pierre:

Hey, everyone, and welcome to the Remote Real Estate Investor. My name is Pierre Carrillo and today I'm with…

 

Michael:

Michael Albaum

 

Pierre:

and today we're going to go over some more listener submitted questions. So let's jump into it.

 

Good morning, Michael. How are you today?

 

Michael:

I'm good. I'm good man woke up in Washington State this morning on our way up to the San Juan Islands so couldn't be more excited. How about you? I know it's a big day, couple days coming up for you too.

 

Pierre:

I'm doing good man. It's hard to sleep so excited for the weekend…

 

Michael:

Do you want to give our listeners any insights into why it might be hard for you to sleep?

 

Pierre:

Yeah, keep on having dreams that the day is something that can go wrong on the day. I'm getting married this weekend, so…

 

Michael:

Nice man super excited for you and it's gonna go flawlessly.

 

Pierre:

I'm sure I'm just having these weird dreams that are very, very unlikely about like, completely impossible case scenarios, but…

 

Michael:

Pterodactyls are gonna crash your wedding and…

 

 

Pierre:

Pterodactyls are gonna come down on the altar and knock over the tables. Oh, man, well, it's really stupid.

 

Michael:

It's gonna be an amazing event, really, congratulations and I can't wait to see pictures after.

 

Pierre:

Thank you, Mike. Cool, so we got a bunch of questions here. Let's see how many we can get through. We're kind of in a rush today. So let's, let's knock out what we can. Alright, let's knock out some of these easier ones real quick. First, is cashflow accounting for all the costs for owning a property?

 

Michael:

Yes, I think it should. You'll get different definitions from different people. Some might say, hey, your cash flow is you take your rent, and you subtract out your PI TI, because that's your principal interest, taxes and insurance. Those are the expenses that they're accounted for everything leftover as cashflow. I'm quite a bit more conservative and I say, hey, yeah, that's a big chunk of what you got to subtract out from the rent but there's also prepared maintenance Property Management expenses, if using a manager capex reserves, things that could go sideways and so you want to have money set aside and earmarked for those expenses for not if but when they show up and then anything above and beyond that is your true, free and clear cash flow is what I would say.

 

Pierre:

Agreed, yeah, should operate on its own as its own business. Next question here, thinking about generating cash flow faster? Does it make sense to purchase a portfolio of single family homes versus one unit generating the same income?

 

Michael:

Hmm, that's a really good question. So I think it comes down to personal risk tolerance and personal investment thesis and strategy. So we could absolutely make the argument that hey, that person that has 10 single family homes, has less risk, from an occupancy standpoint than the person that owns one big single family home that generates the same revenue, let's say,

Taylor Loht is the founder of NT Capital and host of the Passive Wealth Strategies podcast. He teaches busy professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He lives in Richmond, Virginia, where he started and runs the monthly Richmond Multifamily Investors Meetup, trains Brazilian Jiu-Jitsu, and actively contributes to Bigger Pockets.

Intrigued with real estate investing but concerned about picking up a second job and more headaches, Taylor Loht searched for new investing strategies. As a busy professional himself, he understood the importance of learning passive investing strategies and sharing those insights with others. In today’s episode, Taylor provides us with some insights on passive & active investing and real estate syndications.

Episode Link:

https://www.passivewealthstrategy.com/join-the-investor-club/?source=investwithtaylor

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Taylor Loht, founder of NT capital and Taylor is going to be talking to us today about syndications and how to spot some of the not so great actors out there and who syndications may and may not be for as an investor goes. So let's get into it.

 

Taylor, what's going on, man? Thanks so much for coming on and hanging out with me today. I really appreciate you.

 

Taylor:

Thank you for having me today. I'm really excited to talk with you.

 

Michael:

No, likewise, likewise. So I know a little bit about your background and kind of what you're doing but for those of our audience members that don't know who you are, give us a quick and dirty who you are. Where do you come from and what is it, you're doing real estate today?

 

Taylor:

Sure, absolutely. I'm a real estate investor based in Richmond, Virginia, I decided to make the switch to real estate investing. A number of years ago, I don't even honestly remember exactly when but had been investing in Wall Street, you know, typical things. For a few years. You know, at the time, it was kind of hard to pick and miss on Wall Street because it was right in the wake of the great recession. But I just saw real estate as a better opportunity to create passive income and then, you know, here we are.

 

Michael:

Awesome and now today, you got a company and T capital. Talk to us a little bit about what it is that you all do.

 

Taylor:

Sure, absolutely. So it's part of my real estate syndication investing. So basically, I help people passively invest in real estate syndications. Got the securities licenses and everything to do that and help sponsors raise capital in a compliant manner, of course, and, you know, help people, as I say, on my podcast, escape the Wall Street casino and build wealth on Main Street by investing in real estate.

 

Michael:

Love it and what is your podcast called for anyone that wants to go check it out?

 

Taylor:

Sure. Thank you for the opportunity. It's the passive wealth strategy show available every Monday, Tuesday and Thursday, new episodes interviews, just like this one,

 

Michael:

Right on. So it's a common debate that we have passive versus active real estate investing. So I love for you to wear your passive hat because you've done both right? You've been on the active side, and now you're on the passive side. So why did you end up there?

 

Taylor:

So, that's an interesting question. So I'm a little bit in a in a hybrid state right now, to be honest with you. But, you know,