The SFR Show

As a dreamer and life-long learner, Hashim Ismail makes it a goal to push himself. Hashim officially started his real estate investing journey eleven months ago but began learning about real estate just two years ago. He dealt with analysis paralysis, but after making a goal to start in 2021, he decided to jump in with both feet. Through hard work, dedication, and optimism, Hashim has closed on seven properties in eleven months.

Since Hashim invests out-of-state, he dealt with a whole new set of obstacles apart from the usual challenges new investors face. Through the new connections he made, Hashim educated himself on the area, without having to physically visit! Investing out-of-state can be risky within itself, so he has created a series of processes to mitigate risk as much as possible. In this podcast episode, Hashim talks about how he got started in real estate and how he found immense success simply by stepping out of his comfort zone.

Episode Link:

https://www.linkedin.com/in/hashim-ismail-76087120/

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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's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have Hashim Ismail, who is a San Diego based investor doing some pretty cool things, investing remotely as well as locally if you can believe it. So he's gonna be walking us through his story, his background, and some tips and tricks that got him over the hump to finally make that first purchase. So let's get into it.

 

Hashim, what’s going on, man, thanks so much for taking the time to hang out with me today. Appreciate you coming on.

 

Hashim:

Hey, Michael. How's it going, man?

 

Michael:

Oh, super, super good. I'm on my way up to the San Juan Islands in my van, which is northern Washington. So I'm super excited. You're a SoCal guy, right?

 

Hashim:

I am, I am SoCal. Yeah, similar, similar to you.

 

Michael:

Right on and so we're gonna be chatting today about kind of your investment story and your journey and I'll be very interested to learn because you're a SoCal guy. Were you investing in Southern California? Are you doing the remote thing?

 

Hashim:

So I started with the remote thing, and most of my investment is, is remote investing for the most part and recently this year, I got my first property in Southern California, but most of my properties are out of state.

 

Michael:

So you did kind of similar to me, you almost did it backwards, like you started super far and then came zoomed in and zoom close. So walk us through I want to hear like soup to nuts what your investment journey has been like. So walk us through what your very first deal was kind of where was it? How did you get started and how did you get that meant, like, mentally your head screwed on right to be able to do the whole remote thing?

 

Hashim:

Yeah, so as with many things in life, taking that first step is typically the hardest and most challenging for many people, including myself and, you know, I was listening to a lot of podcasts, Bigger Pockets podcasts, real estate, different real estate, reading books, and taking that first step was okay, what am I going to do? What am I going to do it and finally, in 20, December of 2020, typically at the end of the year, I tried to write my goals for the following year, December 2020, I wrote down real estate investing goals and it was I remember, it was wanting to investment property in 2021. At the time, obviously, I did not know how I was going to do it. Obviously, I

Kenny Simpson and Krystle Moore are real estate investors, and Kenny's expertise is residential lending while Krystle's is in commercial lending. They have helped over 1000 clients on their path to creating generational wealth. 2019 has been about focusing on growing our business through marketing for them. Until this point, their business was solely from referrals. They started a podcast – Value Add with K&K – and have focused on using their influence on social media to educate their clients, potential clients and followers. They talk a lot about real estate and building wealth on the podcast but also about health, fitness, mental health and other areas where they feel they can add value.

In this episode, Krystle and Kenny talk about how they got started in buying multifamily properties and what they did to leverage that to buy more properties. Additionally, they talk about what borrowers should do to be well equipped, as well as things to look out for as your purchase different property types.

Episode Link:

https://getinthecashflowgame.com/

 

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:

Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Krystle Moore and Kenny Simpson, a real estate power couple in the lending space, Kenny in the residential side and Krystle on the commercial side and they're gonna be talking to us today about things that we need to know about each space, what we can do as borrowers to be well equipped, as well as things to look out for as we're purchasing each type of property. So let's get into it everyone.

 

Just a quick shout out before we get into the episode, definitely want encourage everyone to go check out roofstockacademy.com It is a one stop education shop for both new and seasoned investors comes with tons of access to on demand lectures, potentially one on one coaching with me or some of the other coaches we have at the academy as well as marketplace, cashback credits for you to use on the restock marketplace as you're making a purchase. So come check us out roofstockacademy.com, look forward to seeing you there.

 

Krystle and Kenny, what is going on. Thanks so much for taking the time to hang out with me today. I appreciate you.

 

Krystle:

Thanks so much for having us.

 

Kenny:

Yeah, thank you excited to be here.

 

Michael:

Oh my gosh, I am, I'm super, super excited. We are going to be chatting today about all things real estate financing related. So give us a quick and dirty insight into the two of you. who you are where you both come from and what is it you're doing real estate today?

 

Kenny:

Sure, who we are well, people for short, if you want to cheat they call us K and K, because we both have K surname. So our background is in financing commercial for Krystle residential. For Kenny, we've been doing it for about 18 years here in San Diego and we've you know, we invest as well, too, primarily in multifamily. Gosh, how did we get here, you know, basically just jumped into the business and then kind of built our businesses up and then at some point in our career, we decided to get real crazy and start a property manager company and that grew way too big, way too fast and we said, how are we going to have you ever have kids in a life and do anything else because we can't work 80 100 hours a week. So we sold the company to start up and kind of took that time continue to work on building our brands starting our podcast doing a lot of content while doing our main businesses that finance and you know,

Using an LLC is a powerful way to protect yourself from the liabilities inherent in owning rental property. We have had the discussion of whether you should use an LLC or an umbrella policy on the show before so we will dive into the details of setting one up. Today, Emil asks Michael about the process of creating and managing LLCs in regard to real estate investing.

 

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.

 

Emil:

Hey, everyone, welcome back for another episode of the Remote Real Estate Investor. My name is Emil Shour and today I'm joined by…

 

Michael:

Michael Albaum

 

Emil:

and on this episode, I'm going to be putting Michael in the hot seat and asking him questions about putting his properties in an LLC. We'll quickly cover why he did it and then I'm just going to ask him how he did it, what he learned what tips he can offer you. So that if it's something you've been interested in, you have a step by step guide on how to do it. So let's hop into this episode.

 

Before we hop into it, what's up, man? It's been it's been a while since we recorded up so…

 

Michael:

I do I know it's been a minute I'm doing well, thanks. Trying to get some financing lined up on these three multifamily that I got the rug pulled out from under me on so still working through that but construction project, the rehab projects almost done, which I've been told is almost done for a while now. So I'm not really holding my breath but really I think this time for real is almost done. So let's get to you Emil, how about yourself?

 

Emil:

I think you when we started this show like two years ago, you told me it was almost done. So I don't know if that's true.

 

Michael:

That’s true, I believe it…

 

Emil:

I hope, I hope it finishes soon.

 

Michael:

Thank you me too.

 

Emil:

Good. My update with me, we are still selling the Jacksonville property. We just got it under contract but a week and a half ago, I want to say we did inspect the buyer scheduled inspection on Thursdays so I should probably be hearing back from my agent like today or tomorrow on I'm sure you know what, what they want to knock the price down based on seeing the inside, which I knew going into it like, once the inspection is on the inside, you know, we've had a tenant there for five years there. They're definitely gonna want some. They're gonna ask for something. So I'm expecting it. We'll see how that goes.

 

Michael:

Okay, cool. Well, keep me posted, let me know how it all shakes out.

 

Emil:

Yeah, man. Absolutely, so this episode, you know, a lot of people think in in a previous episode we covered what should you do an LLC? Should you put your properties just get umbrella coverage. In this episode, we're going to really just focus on like the steps that you personally took on setting up an LLC getting your properties in things, you learned mistakes, you made all that stuff but before we hop into like the how can you briefly give us the why, like, why did you decide to set up an LLC and put your properties in it?

 

Michael:

Yeah, totally. So I grew up in the insurance world. Next question. So like, it's, it was something that I grew up around, like segregating assets, and like, understanding what risk is and how to mitigate risk and so that's really, from my perspective, what an LLC is used for, you put things into an LLC, that's bucketed and so that's kind of the limit of your exposure and so I used to work as a fire protection engineer and the commercial property insurance industry and that's also kind of on the physical side of things, what we would do

Mike Simmons, a real estate investor, author of the book Level Jumping (linked below), has shared the stage with some of the greats like Gary V. Has made over $1 million in profits in 12 months!! He knew he wanted to invest in 2003, and bought his first flip in 2008....why did it take so long? Like a lot of people starting out Mike was afraid to tell his spouse because of the difficult conversation. It wasn't until he finally decided he was tired of allowing fear to be his excuse that he dove in.

Today, Mike shares his inspiring story of how he left his job, entered the real estate world professionally to begin wholesaling and flipping houses.

Episode Links:

https://www.mikesimmons.com/

Level Jumping  

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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'm joined by Mike Simmons, author, CEO, business coach speaker, and we're gonna be talking about Mike's business, wholesaling and flipping houses, and what we should be aware of if you're going to get into either of those businesses. So let's get into it.

 

Mike Simmons, what's going on, man? Welcome to the real estate investor.

 

Mike:

Thanks for having me, I appreciate it.

 

Michael:

Oh, my gosh, no, the pleasure is all mine. Super excited to have you on and really excited for our conversation today. So Mike, I know a little bit about your background and a little bit about what you do but for all of our listeners who are not familiar with you, give us a quick and dirty who you are, where you come from, and what is it that you do in real estate today?

 

Mike:

Yeah, no problem. So, you know, I always say that my background is probably the least remarkable. I didn't sell baseball cards, I didn't go around the neighborhood looking for lawns to mow or things to do. I was a normal kid, probably on the lazy side. You know, and my parents were, we're in the automotive industry, and we're very blue collar Michigan, right. So the life that was displayed before me through example, and through explicit, you know, direction from my parents, and the Blueprint was, you got you finish high school, you go to college, or just as maybe even more preferable, you get into a union factory type of environment and it's very secure and you work there for 30 to 35 years, and you retire and you hopefully save some money and you scrimp buy and that's how you that's how life goes. That's just life. That's what people do, that's normal. Yeah, there wasn't one single person in my family or anybody on the horizon that was doing anything remotely entrepreneurial. So I did that I went to school, I went, I finished high school, I got a job with UPS, Teamsters, my parents could not have been happier with me being in the Teamsters and I went down that path, and I got married young, and I was working at UPS and like, unfortunately, UPS is a great company.

 

But there are injuries that happen because people you know, lift wrong and all that and at 25 years old, 24 years old, actually, I couldn't get out of bed in the morning without going to the chiropractor three times a week as a 24 year old, otherwise healthy man, oh my gosh and I knew I couldn't retire from there, because I was already almost too hurt and crippled to do the job I had to do at that time and I was in my early 20s and so I got another job in the automotive industry. It was a desk job and I started working there and this was, we were the mid to late 90s at this point and the automotive

In this episode, we cover questions submitted by attendees of a recent webinar. We talk about using 401K loans for investing in real estate, how to choose strong rental markets, inspections on remote properties, property management, and how disclosures work in different states.

 

We love hearing from you, and taking on topics that you are curious about. Feel free to submit your questions as comments on YouTube, in a review on the podcast, or tweet at us: @RemoteEstate.

 

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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. Hey, everyone, welcome to the remote real estate investor.

 

 

My name is Pierre Carrillo and today I am with

 

 

Michael Albaum.

 

 

And today we are going to be going through some listener submitted questions. So let's get right into it.

 

Alright, Mike's up for this first question here. This one came off of a YouTube comment. Jeremy asked, how do you use a 401 k loan for a down payment on a rental or an S short term rental? Do they have lower interest rates so that you can pay yourself back especially now that the market is down? What do you have to say about that?

 

 

Yeah, it's a super good question, Jeremy. So this is something that I've actually done in the past on my second rental ever I did this, and it's all dependent on your 401k administrator. And so who holds your 401k what the company is, and so mine at the time happened to be through Fidelity. And at that time, they say you can take a loan up to $50,000 or 50% of your balance in your accounts, whichever is less. I think that was how it worked. And then the interest rate at the time was four and a half percent.

 

Now this is back in like 2014 2015, something like that. So it's been a while. And so every interest in, the interest rate is going to be set by the Accommodator or by the facilitator. And the cool thing about it is that interest is actually paid back to yourself on a monthly basis. And so you can actually choose and again, this is specific for Fidelity and for my situation at the time, but I was able to choose the period in which I wanted to pay back the loan. So I can pick one year through five years in one year increments. So once you have 1 2 3 4 5, and so I chose the longest period possible because I wanted the payment to be as small as possible. So that way I could cash flow as maximum ly as possible. And the lender had no problem with this whatsoever, because they saw that the cash was coming from my 401k, they will often count that treat it as a cash equivalent, because we have access to them through these 401k loans and through other vehicles as well. So I made monthly payments to myself, it got automatically deducted from my paycheck on a, again on a monthly basis. So they took out half, I was paid every two weeks, I took out half the payment, and it went back into my 401k.

 

And so it's your again, you're paying yourself back the interest. So it's a really cool way to be able to get actually more dollars into your 401k account. Now the tax implications of this definitely not going to get into you're definitely gonna want to talk to a tax professional to understand how it's gonna affect you. But again, I would definitely look into your 401k Accommodator and see what the rules are around 401k loans because they can be a great, great, great tool to access.

 

Now keep in mind, the one thing that I think is super important to highlight is that if you end up leaving that company or that job, the entire loan balances due back. And so you just want to keep that in mind. That's uh, that can be kind

One couple that truly found financial success is Ali and Josh from the FI Couple. Ali and Josh are a power couple! They are real estate investors, financial educators, and all-around great people to grab a beer with and talk finances.

Today, Ali and Josh share their inspiring story of how they went from broke and in debt to real estate investors. Are there any couples out there? You're going to want to tune into this one.

Episode Link:

https://www.theficouple.com/

https://www.instagram.com/theficouple/

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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 Josh and Ali of the FI Couple and they're going to be talking to us about their journey to financial independence, and all of the wins and losses that they've occurred along that path. So let's get into it.

 

Ali, and Josh, welcome to the podcast. Thanks so much for taking the time to hang out with me today. I appreciate you coming on.

 

Ali:

Thanks so much for having us. We're really excited to finally quote unquote, meet.

 

Michael:

I know, I know and so for anyone who doesn't know ally, Josh and I are friends from the innerwebs that we get together face to face and you all kind of have an alter ego online. Tell us a little bit about that, what's it called and what is it you guys we're doing real estate?

 

Ali:

Yeah, so our Alter Ego is the DI couple which is short for financial independence and although we are not financially independent, yet, it's a really big thing that we're working towards. That is a huge part of our life and a big piece of the FI Couple is not necessarily being up on the mountain top and making it but showing the everyday journey of the everyday person getting there the ups downs, and all the way in between.

 

Josh:

About 16 months ago or so we were kind of running the numbers and by we, I mean, I was like, you know, we're, we're kind of like 50% or so fie and we had a lot of time on our hands because we were in lockdown, like so much of the world and Ali had the idea to start a social media platform, which I thought was a terrible idea because if you knew us in real life, neither one of us are overly active in social media. But yeah, it was the idea of we're not there yet. But we've learned a lot in the two or three years that we've been doing this and maybe we could bring some value to people who are just starting out like we were just a few years ago.

 

Michael:

I love that I saw this. I think it was a tick tock or real online and it was talking about van life and I lived in a van full time with my wife and dog for about eight months and everyone's like, it's so glorious. You wake up to these beautiful landscapes and so someone made a joke, like they woke up, poured their coffee and then open their van door and was a Home Depot parking lot. I was like, yeah, like I've done that tons of times, like, it's not always as glamorous as the social media makes it out to be. So I love that fact. I love you guys are doing that. So walk us back to when you started this journey into fire when you started really paying attention to your finances, what was going on your lives and what made you want to make a change?

 

Josh:

Yeah, absolutely. Yeah, so it's like the quote is like necessity is the mother of invention kind of thing. We, Ali had just graduated from her master's program in 2017 and we were like one year away from getting married and we hadn't ever talked about money or anything like that

With a passion for researching and sharing the most important facts on real estate and economics, Kathy Fettke is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR, CBS MarketWatch and the Wall Street Journal. She is the author of the #1 best-seller, Retire Rich with Rentals, and host of two long-running RealWealth podcasts – “The Real Wealth Show” and “Real Estate News for Investors.” You’ll also find her on the recently launched BiggerPockets “On the Market” podcast as one of several co-hosts. Kathy received her BA in Broadcast Communications from San Francisco State University and worked in the newsrooms of CNN, FOX, CTV, and ABC-7. She’s the past president of American Women in Radio & Television.

She is passionate about learning and sharing that information with the members of RealWealth and her podcast listeners. In today’s show, Kathy shares her investment journey, her predictions on where we've been, and where the market is headed.

Episode Link:

https://realwealth.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 Kathy Fettke, who is the co-founder of Real wealth and she's going to be talking to us today about her predictions around where the market is headed, and where we've been. So let's get into it.

 

Kathy Fettke, how are you? Thanks so much for taking the time.

 

Kathy:

I am doing wonderful, thanks for having me here.

 

Michael:

Oh my gosh, I'm so excited. So we had your husband Rich on a while ago on our podcast and we were asking him about market conditions and forecasting and he goes timeout you got to have my wife on. So for anyone who didn't catch that episode, give us a quick, quick intro background, who you are, where you come from and what it is you're doing in real estate.

 

Kathy:

Yeah, well, Rich, and I founded real wealth, which we really did by accident. It was back in 2003 when he was really more in the motivational world. He was a speaker and had come out with a book called extreme success. He was doing this national book tour, we didn't know anything about real estate, but we house hacked, which wasn't really a term then. But basically, we bought a house it was way too expensive for us. So we rented out rooms and that's how we afford to live there. That's how you summarize that. But other than that, that was our only landlord experience and we didn't we didn't think that we could buy real estate until we were rich. You know, that's oftentimes what people think like, I gotta wait till I am a multimillionaire before I can do that, so he you know, he was building his coaching business, I was a stay at home mom. It was on that. On one of his when he came home from his tour, his media tour, and he noticed a freckle. As you probably saw, he's a redhead. So there's a lot of freckles on that guy but he noticed he was like this one's weird.

 

So he checked it out and the doctor looked at it did more tests, thought he basically told rich, he had probably six months to live because melanoma was extremely deadly than it probably still is. But they have better things today. But back then it was just like, here's your diagnosis, you got six months. So obviously a massive shocker. Both of us being motivational speakers and coaches were like, no, no, no, I'm not buying this. But I had to figure out the finances and I wanted to take over so that he could you know, if the doctor was right so that he could really enjoy

Isabelle Guarino-Smith, the CEO of RAL (Residential Assisted Living Academy). She has spoken across the country and has been featured in magazines & articles nationally. She was named both “Future Leader” in the Senior Housing industry and “Top Senior Housing Influencer” under 30. Isabelle is a sought-after coach and trainer for all things "RAL"! Isabelle’s goal is to carry on her father’s legacy by training investors & entrepreneurs how to... "Do Good & Do Well".

In today’s show, Isabelle shares her investment story and the many benefits of investing in residential assisted living.

Episode Link:

https://residentialassistedlivingacademy.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 Isabelle Guarino-Smith, and she's going to be talking to us today about all of the things we need to know and be aware of if we're going to get started investing in the residential assisted living space. So let's get into it.

 

Isabelle, welcome to the podcast. Thank you so much for taking the time to hang out with me. I appreciate you coming on.

 

Isabelle:

Of course, happy to be here. Thanks for having me.

 

Michael:

Oh, it's my pleasure and I'm super excited to chat with you today because we're talking about residential assisted living, which is a newer topic for the remote real estate investor. But before we get into that, give us a quick insight who you are, where you come from, and what is it you're doing in real estate today?

 

Isabelle:

Yeah, I'm the CEO of residential assisted living Academy. We basically teach and train people all across the country how to own and operate their very own residential assisted living homes. We've been in the industry for now, this is our 10th year, we own and operate three care homes ourselves out of Phoenix, Arizona and I say we because it's a family business, I work with all my siblings, most of their partners, so I love that aspect, too…

 

Michael:

So amazing and so you are teaching people how to own and operate versus residential assisted living facilities that is so interesting. So why are you I mean, why residences living? Why, what got you involved in it to begin with?

 

Isabelle:

Yeah, so we actually got involved because my grandmother fell and broke her hip and the doctor called and it's like, she can't go home alone. She needs 24/7 care, help with activities of daily living? She was in upstate New York, and we were in Arizona, and it's like, okay, what are we gonna do? You know, and so a lot of families find themselves in a situation like this, where all of a sudden, poof, a loved one needs help and it's like, are you gonna quit your job and take care of them 24/7? Are you gonna give them in home care, which is insanely expensive or are you going to put them into a…

 

Michael:

Dreaded H word?

 

Isabelle:

Right, the H word, you're like, oh, no. So we were faced with that dilemma. We searched and hunted for like a place we even felt competent or comfortable with up there for her and found nothing that we liked, we were just grossed out of a lot of the options, and came back to Arizona, kind of found a residential assisted living home here. My dad was always a real estate investor. So he talked with the business owner and just asked her like, hey, would you be willing to sell and she's like, yeah, bought the real estate, bought the business had no idea what we were getting into, but got into it, so she could live there for

AJ Osborne is an American entrepreneur, businessman, and investor who owns and manages his self-storage portfolio of over $212 million of assets through his companies Cedar Creek Wealth, Bitterroot Holdings, and Clearwater Benefits. He’s the owner and host of the largest self-storage podcast, Self-Storage Income. As an operator and private owner with over 1.2 million square feet of self-storage, he regularly keynotes at national conferences on operations related to investing in, buying, and managing self-storage facilities.

AJ specialized in developing, converting, and turning around underperforming facilities with a value-add strategy, and loves to show other entrepreneurs and investors how to focus on technology and self-storage automation. To learn more or to connect with AJ, tune in to today’s podcast where he covers mindset shifts that we can be making as investors, as well as what we should be aware of if we're interested in getting into the self-storage industry.

Episode Links:

https://www.ajosborne.com/

https://www.selfstorageincome.com/

https://www.instagram.com/ajosborne/?hl=en

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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 AJ Osborne, who is a maniac in the self-storage industry, absolutely killing it and he's going to be talking to us today about some mindset shifts that we can be making as investors, as well as what we should be aware of if we're interested in getting into the self-storage industry, so let's get into it.

 

AJ Osborne, what's going on, man? Thanks so much for coming to hang out with me today. Appreciate it.

 

AJ:

Thanks for having me on, I appreciate it. This is gonna be fun though.

 

Michael:

It's gonna be a lot of fun, I'm really looking forward to it. So I know a little bit about your background. I know you spoke very recently at the BP conference in Denver, Colorado in the spring. Give us all the quick background, who you are, where you come from, what is it you're doing in real estate today?

 

AJ:

Yeah, so I'm up here in Boise, Idaho. I'm like, I don't know, like sixth generation Idaho and my family came and we're herding sheep over the mountains here and we grew up to see the big change that's happened in Idaho, which has been crazy over the last 20 years. But my dad grew up in extreme poverty in the southern, I mean, nothing like no running water, like poached to eat. They didn't have you know, they took baths with a pot of hot water to try that they boil over the fired. Try to get it like poverty that, you know, we don't, nobody knows that America today, right doesn't even exist anymore and that wasn't that long ago. He's only 64 years, so he's not even that old. Yeah nut when he was growing up, you know, he had it really brought this father died and early and so he married my mom and he wanted to get out of that. So he started selling insurance and then I grew up and I followed in his footsteps and I sold insurance too and we did that for a long time and you know, I quickly realized that selling insurance is awesome. I loved it, it taught me so much broke away.

 

But it I called it the treadmill, you know, you got to run, you got to run hard and the end of the day just didn't feel like we're going anywhere and it was like, You know what happens when this treadmill stops. So we started to really invest in real estate. In a big way, after a wait, we started in prior 2004-2005 and then we stopped in 2006/ 7 because thin

Brandon Schwab is based in Chicago where he specializes in boutique assisted living. Brandon who is, founder, and CEO of Shepherd Premier Senior Living and Boutique Senior Living Fund had experienced first-hand the deficient care of his grandfather at a large, industrial-type senior living facility, he vowed to make improvements in the industry by starting his own senior living company that provides better, quality care to the elderly.

It seems that parts of the US are significantly under-served with this class of product. To learn more or to connect with Brandon tune in to today’s podcast and you can set up a time to speak with him directly. Brandon talks about his unique business model of syndicating small senior living assets.

Episode Link:

https://boutiqueseniorlivingfund.com/

wwww.shepherdpremierseriorliving.com

www.brandonschwab.com

 

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 Brandon Schwab, who is going to be talking to us about how he's turning the senior living facility industry upside down. So let's get into it…

 

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

 

Brandon:

Hey, man, this year is awesome, man. Thank you for having me.

 

Michael:

Oh, of course and I think we're gonna have a lot of fun today, talking about senior living, which is I don't think we've ever covered this topic on the show before. So I'm super excited.

 

Brandon:

Never…?

 

Michael:

I don't think ever I don't think ever and shame. I know, I know, I know. Shame on us, that’s our bad but give us the quick and dirty. We're gonna get into senior living in just a minute. Give us we can do it, who you are, where do you come from and what is it that you're doing in real estate today?

 

Brandon:

Down and dirty… I've been in Crystal Lake Illinois. For 35 years, I am 40. I've got two kids I got in real estate in 2010. But back before that, I actually opened up our own company at the age of about 15 years old. I did that for 14 years, until I figured out quickly that I didn't actually own anything. I thought I owned something the whole time. But I found out at the end, I didn't actually own any assets. So therefore, I  didn't actually have anything to own to actually have up for sale. So I got into this industry in 2010. After I got crushed after 2008 happened. I at the age of 15. I was cleaning cars in RVs for 14 years and I thought I was crushing it doing there. I was taking home 200 220,000 per year but I was probably working 7080 hours per week. So like wholesaling back in 2010. Because I was like dude, I got paid like $200 for each car and probably about 500 for each RV. So like wholesaling in our first deal was like $1,000 I was like, do you know that would take me like 40 hours just to like, even come close to that and I said I have to get into that business. So that's it, man, it's awesome. Fast forward to today I am changing the industry for how the elderly are taking care of totally upside down.

 

Michael:

That's wait. So you're putting elders on their head? I don't think is that is that good for them?

 

Brandon:

We obtained we are changing the whole and we're changing the whole industry of how everyone thinks of it because typically, if you think of the older industry, right? You think of 100 to 200 type with a ton of elderly in there, right? Tons of them, right and they typically have a pretty terrible