The SFR Show

Bob Lachance is a former professional hockey player who dived right into real estate investing with no experience. He took a leap of faith, by asking an investor if they needed help and from there, his story began. He shares a valuable lesson from a mistake he made along the way that cost him $150,000 in one day. Bob is a good example of why you keep pushing forward, taking every mistake as a lesson, and staying open-minded to discover what you will be good at.

Today, Bob shares his transition story from becoming a professional hockey player to a real estate business owner and how you can grow your business using virtual assistants and getting your time back.

Episode Link:

https://revaglobal.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 Bob Lachance, who is the CEO and founder of REVA GLOBAL, and Bob's gonna be talking to us today about what it is a VA can do for your business, and why you might want to think about actually hiring one. So let's get into it.

 

Bob, what's going on, man, thank you so much for taking the time coming on with me, I appreciate you.

 

Bob:

Michael, thanks for having me. Appreciate it!

 

Michael:

Oh my god, so a pleasure. So I know a little bit about your background. We were chatting here before we hit record. But for anyone who is not familiar with you, if you can give us the quick and dirty who you are, where you come from, and what is it that you do in real estate today?

 

Bob:

Sounds good to second rundown and, uh, you and I, we you and I know each other a bit. So you and I have a lot in common actually, I started this thing might not be in common. But I started you know, I played freshman hockey for eight years. Prior to that went to Boston University for four years, and then played near my last four years actually playing hockey, I played in Europe.

That was a pretty good run and then as soon as it started coming to an end, I had my first child and my wife was staying at home with him. So I figured you know what, I don't have really too much either to accomplish in my, in my planning career. So you know, I know a lot of people go through this, where they're looking at becoming a real estate investor, from one industry to the next and I know it's a very challenging time for a lot of people. So I know exactly what you went through. This was me back in 2004, to where you had to make an adjustment and really, you know, jump in, in a different industry, that's what I did. So I jumped into real estate investing back in 2004, start investing, my first deal was a fix and flip drove around neighborhoods, I know you have a lot of a lot of newer investors. So what you teach is farming areas, I did the same thing. So I drove around neighborhoods, I looked at properties that were dilapidated overgrown grass roof that needs to be done the whole nine yards. So I would call on literally I would go home, I would skip trace every single individual. So I write down a list of properties and a lot of what you teach, and write down a list of properties and go on to 401.com, which was a skip Tracing Service back then, you know, you have white pages, you have a lot of different services now and I literally would go home after I'd skip chairs, and I call them and say, Hey, I saw your property located at 123 Main Street. I'm looking to purchase properties. I'm a real estate investor in your area. Do you have anything for sale as your

In a recent Roofstock Academy webinar, we got an interesting question that we were unable to address during the session. The audience member asked for words of wisdom on the topic of being a beginner and your first property is operating at a loss. When is enough enough, and when should you cut your losses?  

 

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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 co-hosts…

 

Tom:

Tom Schneider…

 

Emil:

and Emil Shour…

 

Michael:

and today we're gonna be tackling one of the questions we got from a webinar we did recently, as part of the Roofstock Academy recently did an AMA, which is an ask me anything, and we kind of re labeled it and ask Michael anything webinar, it was a lot of fun. If you missed it, we missed you and look forward to seeing you on the next Roofstock Academy webinar. But a question we got that we didn't have time to answer during the webinar is words of wisdom to share for the first year or two, when your rental operates at a loss. How do you know when to cut your losses?

 

We saw the question, we're like, man, this is a killer question. So Emil, I am just going to farm it out to you. Because I know you got really excited about it. What do you say to folks out there that have this experience or are thinking about investing in a property and this is a concern that they have?

 

Emil:

All right, so I got excited about this because it's basically what happened with the triplex, right, I bought it in November. So the first year, November, November of 2020, most of 2021 was spent rehabbing the property, because I knew rent was under market. So you know, it's kind of in the middle of COVID, a lot of vendor issues just took us a long time to get everything done. So 2021 major loss, but now we're, we're good, we've got good tenants in there, I had to get a new property manager and we're at rents that actually, I think a little bit higher than the pro forma I had when I bought the place. So my first year too, was operating at a loss and now I feel like is going to be the true test of does the property perform. So that's my long winded way of saying, I guess it depends on how you bought it, like if you bought it turnkey, and it's operating at a loss for the first couple years. Maybe that's not the greatest time but if you bought it knowing, maybe you're gonna have to update things, you know, you knew like the roof was gonna go out sooner, some something where you knew these expenses, were going to come along, and it's fine, you know, it's going to be a loss originally. But then, hey, you're not gonna have to pay for that thing for a long time, right? You replace it and now you got a brand new age back or roof or kitchen or whatever it may be, so my answer is it depends on those factors.

 

Michael:

Love the clear cutness, the directness, Tom, your thoughts man jumping in.

 

Tom:

I think in making decisions, like you should try, like as much as possible to like, have it like already kind of like set up in advance. So perhaps there's like thresholds, you can kind of set on expectations? I mean, this might be a little bit like unrealistic for this scenario. So I'm gonna change my answer, I'm gonna say, I think, like, strategy wise, like, are you planning for like a longer, longer term buy and hold? Like, if that's the case, you know, the initial kind of like, upfront expenses, perhaps it's stuff that we're going to happen anyways, like, it was kind of like a

Ryan Stohl is the CEO and Co-founder of Lumi, a company focused on solving student housing problems in Miami FL. In this episode, he joins JP Will from the Roofstock Business Development team to discuss the problems he is solving in this sector and how he is able to provide more affordable options for students seeking housing while bringing in greater returns for the property owners renting to students.  

Learn more about this project at www.Lumi.house  

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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. Welcome to the remote real estate investor podcast. My name is Pierre Carrillo. And today we have a different kind of episode. I was at the IMN conference in Miami last week. And we got to sit down with Ryan Stohl from Lumi. They have a unique approach to student housing. So we have our team member JP Will sit down with Ryan and talk about what problems are solving in the industry. Let's just jump right in.

 

JP:

Hello, everyone. Welcome to the Roofstock Podcast. I'm JP Will I work for rootstock? I'm on the business development team. We're here at the IMM conference in Miami at the Loews hotel, and sitting with me is Ryan Stoll, founder and CEO of Lumi. House. So, Ryan, first question, just want to let everyone know who you are what your businesses so just let the viewers know what your business model is and how you came up with this idea and why you're at the IMM conference.

 

Ryan:

Great. Thanks for having me. So living on campus has its own issues, right for students, they're outdated, they're cramped, they're inflexible. And living off campus can be challenging for students also. You have to find your fourth roommate split bills, find furniture or decide who cleans and when I was in college, we never clean it was a biohazard. So what we do is we give students a better alternative. We take single family homes, and we rent them out room by room to students in an all inclusive package. So it's taking the CO living concept that's become very popular in the multifamily space. And now we're moving into the single family space and focusing directly for students.

 

JP:

Awesome. And and what what problem are you currently solving? I know if, if you're reaching out to these mom and pop investors, what problem are you sir solving? Why would they be using Lumi House? Is it because you're driving up revenue? Or is it just a better model for what they're looking for? If they're closer to a campus, etc,

 

Ryan:

Right. I think it's two things. One is more revenue and also less headaches. For for the typical landlord have a four bedroom, five bedrooms, single family home, they will rent it to a family because it's difficult for them to rent out each room individually sign multiple leases, or even do the marketing. So there's an implied discount there. Whereas with students, they're typically willing to pay more to live in a dorm or off campus. So as an example, you know, we have five houses around the University of Miami as our proof of concept. And for students, it cost about $1,900 a month to live in a dorm on campus. And and living off campus. You know, if it's a new private student housing, one bedroom, the cheapest one that I found is 2500. And now certainly there are cheaper, traditional shared apartments but but then you look on the landlord side of a four bedroom house in Coral Gables, you'll see those being available for 4000 or slightly more than that per month.

 

So there, there's an implied per room rent price of $1,000 a month, but yet we know students are going t

In this episode, Tom shares his experience with a failed autopayment on one of his mortgages, sending him into mortgage default. We discuss how this happened and what can be done to avoid this hassle in the future.  

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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 my two co-hosts,

 

Tom:

Tom Schneider

 

Emil:

and Emil Shour...

 

Michael:

and today we're going to be talking about an issue that Tom ran into that could easily happen to anyone with a mortgage. So let's get into it.

 

Alright, guys, it's been a minute good to see you both. How are things?

 

Tom:

Things are good. Busy got two year olds and three month year olds and life man. It is, it is in it right now. But you know, things are really good. Everybody's happy, healthy. Well, so, can't complain.

 

Michael:

Good, good, Emil?

 

Emil:

Man. I can't, I feel like it's been forever that the three of us have been on a podcast forever time. Your kid is three months. That's, that's amazing, man. Yeah, same, same thing. I got two kids life is crazy. I feel like I never get to go surfing anymore. So I just like, live in my home gym, because that's the only activity I can do that keeps me occupied and sane. But everything's good, man. So I'm excited to hear what's going on today. Because we were about to tell me what we're like, no, let's just start recording this episode. So I'm very interested to hear what's going on with your portfolio.

 

Michael:

Yeah, Tom, just take it away, man bring Emil and everybody listening up to speed on what's been going on in your world and we're going to talk through about how to solve it and how to avoid this type of situation going forward.

 

 

 

Tom:

I think I'm gonna start with a shorter path of what is going on, and then we can kind of unpack a little bit. So I through the great financing opportunities, I refinanced a ton of my properties and the most recent one that I refinanced I found, you know, sort of a, you know, bad reviews on the lender, but hey, great rate, I complete the refinance, I sign up for, as with all my mortgages, sign up for paperless notifications, I sign up for, I guess, I'm doing a little more meandering one, I sign up for auto payment on my mortgage, my auto payment…, and my auto payment never hits, so it never hits and a couple of months go by, and I get a notice from my credit card that I've got a foreclosure on my record. So I go back to log in to the mortgage, servicer, and I'm blocked, I can't get in. So now the, speeding up the story much faster. I just reinstated my loan and went through a foreclosure never got like notification on this and I am absolutely, you know, kind of in the middle of it right now and that I just reinstated the loan and I'm going through the process of like, kind of demanding that they fix my credit, and all that stuff. So anyways, that's the that is the issue that I've been going through and go ahead, Michael grill me I'm you know, yeah…

 

Michael:

Well, just in taking a step back. So you missed the first mortgage payment after the refinance?

 

Tom:

Yep, yeah.

 

Michael:

Okay. How, how did that happen? Because you signed up for auto pay.

 

Tom:

I signed up for auto pay as the first mortgage payment was hitting, and I signed up for it, and figured I was done. The email correspondence I got was, hey, you're all set up for auto pay. What happened is that initial charge hit. So I, the auto pay doesn't work, if you

George Meyers was born and raised in Savannah. During his years as a business owner, George learned a lot about business and the inner workings of the business. Today he prides himself in helping new and existing entrepreneurs make educated decisions that will help their businesses be more successful. In years past George has owned and sold numerous personal properties that include commercial, residential, and investment. This personal, commercial, investment, and business experience helps him better understand his client's needs.

Today George is a full-time professional Realtor and the founder and principal of Mia Madison Properties LLC. He is a member of the National Association of Realtors, Georgia Association of Realtors, Realtors Commercial Alliance of Savannah/Hilton Past president of the Savannah Landlord and Real Estate Investors Association.

Savannah, Georgia was the beneficiary of rapid growth in the first part of last year but settled into a more sustainable pace that we have become familiar within today’s economy. That said, the city has undergone a considerable amount of growth in the past 18 months. Tourism, port activity, business services, and above all – the housing market –set the stage for above-average employment and economic growth. Today, George talks about investing in Savannah, Georgia: market trends, neighborhoods, price to rent ratio, economic drivers, geographic considerations, and more.

Episode Links:

https://www.miamadisonrealtygroup.com/george-meyers/ 

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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 George Meyers, who's our Roofstock certified agent out in the Savannah Georgia market and today George is gonna be talking to us about everything we need to know if we're considering investing out in that market. So let's get into it.

 

Everyone, just a quick shout out to the Rootstock Academy before we get started with the episode. Rootstock Academy is your one stop shop for real estate education, whether you're just starting out, or a seasoned investor, or just looking to learn more about real estate investing as a whole, we've got something for you. Over 50 hours of automated lecture access to one on one coaching private slack forums and more, come check us out a roofstockacademy.com. Look forward to seeing you in there. Happy investing.

 

George, what’s going on, man. Thanks so much, take the time to hang out with me. I appreciate you coming on.

 

George:

Michael, thanks for having me. I really appreciate you having me on.

 

Michael:

Oh, of course. My pleasure, so right out the gates, give me your elevator sales pitch on why should people be investing in Savannah, Georgia?

 

George:

Savannah is a man is one of the best markets are the best one. What we have in our areas is a lot of different drivers for investment. One would be military, we have a lot of military that come into the area which make our rental market really, really good. The great thing with that is it's a good economy and bad economy doesn't matter if we have a high economy or low economy we have renter's because of military. We also have a lot of manufacturing plants that produce no matter where there's a high income or low income situations. You know, for rentals, we also have the ports, we were one of the largest ports in the country, and we just deepened our harbors. So we're growing even more and they're saying that will probably be the number one in the next

In today's episode, we pulled together a list of questions that we were unable to answer in a recent webinar. The questions range from rising interest rates, market selection, the trade-off between cash-flow and appreciation, property management, cap-ex assumptions, and short-term rentals.

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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…

 

Pierre:

Pierre Carrillo…

 

Michael:

…and we're going to be tackling some of the questions that you all asked from our AMA webinar the other night that we hosted as part of the Roofstock Academy. So we're going to be taking all or some of the questions we didn't get to, and answering them here. So these are all questions that your peers and fellow investors threw out to us, so let's jump right into it.

 

So Pierre, we had a bunch of really great questions come in from the AMA webinar we did the other night and for anyone not familiar, AMA is an acronym it stands for, it stands for ask me anything and we kind of spun it because my name starts with the first my name starts with an M, so it would be titled the webinar Ask Michael anything. So it was just a webinar where we had tons of folks come on and ask all their real estate questions that they've been dying to ask since and we just went through and answer them and had a really great conversation. Unfortunately, since we had so many great questions, we weren't able to get to all of them. So everything from today's episode comes to us from that webinar. So you want to just start tossing some out, Pierre.

 

Pierre:

Sounds good.

All right. So we have one here that says, with the increasing interest rates, increasing the cost of borrowing money, is it a good time to invest in real estate, what do you think, Mike?

 

Michael:

It's such a good question and traditional finance and economics tells us that with an increase in interest rate, we tend to see a decrease in purchase price, or in list price, which in many markets around the country, I just don't think that we've seen yet and I think that the interest rate is often a leading measure and price can be a lag measure for those lead lag measures. So I have said, and I will continue to say that if the fundamentals make sense, i.e. the numbers that you're calculating makes sense, providing you an acceptable return, interest rate and purchase price are not really prevalent in that equation and what I mean by that is if interest rate hits 10%, but I'm still able to make these properties, cash flow out of cash on cash return, that's acceptable to me, I'm going to move forward with the deal and so I think that if we, if everybody listening, if everyone, all the investors out there continuing to do the same thing, and stop paying attention to the interest rate that as a number, but rather look at kind of the whole picture as the whole pie, it starts to become a little bit easier to digest. Now, if the interest rates are throwing your buy box out of spec, and you can't hit the returns that you're targeting, yeah, maybe that maybe that means let's press pause for a minute, take some time, retool, go get educated, go save up some cash for your next down payment for if and when interest rates do come back into check. But we don't know when that's gonna happen and so if in a year from now, interest rates are at 7,8,9 percent, a lot of us are probably gonna be looking backward and say, man, 5,6,7 percent, maybe wasn't such a bad

A Florida Native and graduate of University of South Florida, Jeff Wills is an accomplished Tampa Bay Area agent who brings a strategic yet personable approach to the home buying and home selling process. Drawing from years of experience as an agent in the Tampa market, he has built a solid reputation for himself as an industry leader with a solid track record that specializes in attention to detail in commercial and residential transactions.

Investors are buying homes in Tampa at a record rate. Between July and September 2021, one in four homes that sold had an investor as the buyer. According to a report from the Tampa Bay Times, Tampa Bay ranks as the 7th hottest metro area for investors nationwide. Today, Jeff talks about the Tampa Bay market: neighborhoods, price to rent ratios, economic drivers, geographic considerations, and more insights that investors will want to know before making moves there.

Episode Links:

https://sefair-inv.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 joining me today is Jeff Wills, our certified agent out in Tampa Bay, Florida and Jeff's gonna be talking to us today about all the things we as investors need to know and should be aware of, if we're investing in that market. So let's get into it.

 

Really quickly, before we get into the episode today, I want to encourage everyone to go check out roofstockacademy.com. Roofstock Academy is our one stop shop for real estate education, independent of whether you're just getting started or a seasoned investor looking to scale up or get involved in a different asset class. We've got lectures, we've got coaching, we've got one on one slack access forum and a plethora of other financial benefits, as well as money back on your marketplace fee credits. If you're transacting on Roofstock. So come check us out at rootstockacademy.com look forward to seeing you in there.

Jeff wills thanks so much for taking the time to hang out with me today, man really appreciate you coming on.

 

Jeff:

Absolutely, man. Love to do it and thank you for having me. Yeah, of course. So

 

Michael:

Yeah, of course. So we're just gonna like jump right into it and we're talking today about Tampa Bay, Florida. I want you to give all of our listeners why Tampa why now.

 

Jeff:

So why Tampa why now honestly, I've been hearing that a lot. However, it has been very, very popular as of late. A lot of the big things that people are hearing, actually, just yesterday, Goldman Sachs bought 305 units in downtown Tampa for 168 million, setting another record price per unit and a crazy valuation for cap rates right now and so there's just there's a lot of synergy. The biggest thing behind it has been Water Street water streets about halfway through its 10 year growth plan. They've got phase one out of the way, phase two starting, and that has really brought a lot of life and vibrance to Tampa that was kind of growing and burgeoning there prior to COVID prior to all the popularity we have now, but I think it's really hit its peak and honestly, it's probably got a good you know, 10-20 30.50 years stride to soon looking like Miami, although personally I hope not. I'd like there to be a little bit less people and, and keep the enjoyment that we have here and honestly, you know, Tampa is a big town, it's a big population. But it really does have an extremely small town feel with the micro communities inside the neighborhoods inside the certain yo

Your home can be a powerful source of ready cash to fuel financial growth, add value to your property, or even provide a cushion should an emergency occur. Refinancing your mortgage and taking a home equity line of credit out on your home are two ways to make that capital available to you. HELOCs and refis are quite different from each other, though, so knowing which one fits your strategy best is important. In this episode, Pierre and Michael talk about the attributes of each and what situations might be best fit for either of them.

Links mentioned:

www.roofstockacademy.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.

 

Pierre:

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

 

Michael:

Michael Albaum…

 

Pierre:

….and today we're going to talk about refinancing and HELOC and which ones make more sense. So let's jump in.

 

How's it going, Michael?

 

Michael:

Good here, I was telling you yesterday, my van broke down in the middle of California. So I had to get that taken care of and get a lift home from a buddy of mine…

 

Pierre:

In my hometown?

 

Michael:

In your hometown. That's right, that's right. We were smoking off the highway. So he said, oh, we got to pull over and get this thing fixed and it was going to be a week to diagnose it and get parts. So we just said let's leave it down there and then a buddy of ours was able to give us a lift home and we were like on our way home from being on the road for a month and a half. So we were super excited, super close and then wahh wahh wahh…

 

Pierre:

Not usually the best place to get stuck, I left…

 

Michael:

Yeah, if I had to point if I had to pick and choose it would not have been in this particular town. But that's okay, it's how it goes.

 

Pierre:

All tight. Okay, so let's talk about refinance, what just roughly, what is a refinance? And why would someone want to use it.

 

Michael:

So a refinancing that's not familiar is basically just getting a new mortgage on top of an existing one and it basically this new mortgage is going to replace the old one and so there are kind of there are two different types of refinances. One is called a rate and term refinance, where you're simply just changing the rates and the term of the loan and so if you have a 30 year fixed mortgage at 4%, and you go get a new 30 year fixed mortgage at 3%, because interest rates are better, but the loan balance remains the same. That would be a rate and term refinance, the other kinds of refinances called the cash out refinance and that's basically where you're actually you're getting money out of the transaction and so if you have that same 30 year fixed mortgage at 4% interest, and you have a balance of $200,000, but your home is appreciated significantly, or the property has appreciated significantly, you might be able to go get a new mortgage, a 30 year fixed mortgage at maybe the same 4% but for $300,000 and so that new mortgage is going to replace your old one, it's going to pay off the 200,000. But there's $100,000 left, that goes to you as cash in the form of tax free cash and so that can be a really, really powerful mechanism or lever to pull if you need access to cash and so those are kind of the two different types of refinances and how they work.

 

Pierre:

So those both sound like awesome options. Why wouldn't everyone always just refinance?

 

Michael:

Yeah, it's a really good question and a lot of people do they refinance, and refinance and refinance throughout the life of their prop

Josh Ziegelbaum currently serves as Director of Investor Relations at Legacy Group and is based in Fort Lauderdale, Florida. He is responsible for managing investor communications, onboarding, individual and commercial clients, as well as overall support of company initiatives. The dynamic work experience Josh has gained throughout his career gives him a unique perspective on both sales and operations.

Prior to joining Legacy Group, Josh worked as Vice President of Business Development for Lifeafar Capital, a boutique private equity and asset management firm where he led his team’s capital-raising efforts. Before that, he was a Private Banker for Wells Fargo with a focus on complex credit needs and investments in public securities. During his time at Wells Fargo, Josh climbed through the ranks and received multiple internal recognitions and awards for his efforts. He most recently managed a book of business for high-net worth individuals and business owners in Miami Beach. Today, Josh shares about investing in ag land outside of the US and specifically in Colombia with a coffee company.

Episode Links:

https://legacy-group.co/

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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. Today with me I have Josh Ziegelbaum, the director of Investor Relations at the legacy group and Josh is going to be talking to us today about investments in ag land outside of the US and specifically in Colombia with a coffee company. So let's get into it.

 

Before we jump in today's episode, I just want to speak really briefly about Roofstock Academy which is Rootstocks one stop shop for Investor Education, independent of where you are in your investing journey, whether you're just getting started or already have a sizable portfolio, we have something for you. Over 50 hours of on demand lecture access to private slack forums, one on one coaching as well as mastermind groups, depending on which program you end up enrolling in. We definitely want encourage you to come check us out. I look forward to seeing you there. Happy investing.

 

Josh, what's going on, man. Welcome to the Remote Real Estate Investor. Thanks for hanging out with me.

 

Josh:

Hey, Michael, I'm happy to be here.

 

Michael:

Awesome, so before we hit record here, we were chatting a little bit about your background. But for those people who weren't privy to that conversation, give us a quick and dirty who you are, where do you come from and what is it that you do in real estate today?

 

Josh:

Sure, happy to dive into that. So my name is Josh Ziegelbaum. I'm the director of Investor Relations for legacy group. We're an alternative asset manager focused on real assets in Latin America, our niche in the real estate space will be agriculture. Our portfolio company Green Coffee Company is the second largest coffee producer in Colombia. Today, we have the business on track to be the largest this year. So that's the niche in which we're in. It's certainly different than the typical space that most guys invest in. But we love the alternative investment space. I've been working in this industry for the last few years, but in financial services for more than the last decade. Prior to doing this, I was a private banker with Wells Fargo, in New Jersey, and then in Miami Beach and I currently sit in Fort Lauderdale and support our teams capital raising efforts and investor relations across our portfolio companies.

 

Michael:

Right on, so taking a step back, I mean, yo

Tamar Hermes is a full-time real estate investor and educator. After building successful businesses in the retail and entertainment industries, she turned her attention to real estate with a mission to get more women to become investors and continue to build her portfolio. Tamar has been investing for over 20 years with a focus on appreciation with buy and hold single-family homes and duplexes in Los Angeles. In the past few years, she has expanded her portfolio to include passive multi-family investments across multiple states, private lending, and Airbnb properties. She bought her first duplex when she was 28.

She always had a knack for saving money, but it took her years to discover there were other ways to earn income besides working a 9-5 job. Today, Tamar will talk about how financial freedom is possible through real estate and the importance of knowing how to allocate and invest your money and protect assets is a critical piece of sustaining financial independence and creating a legacy.

Episode Links:

https://www.themillionairessmentality.com/

https://wealthbuildingconcierge.com/

https://quiz.tryinteract.com/#/60bd0792decf1d00177af595

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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 the Remote Real Estate Investor. My name is Michael Albaum, and today I am joined by Tamar Hermes, who is an author, investor, coach, an all-around awesome person and she's gonna be talking to us today about what it's like to get started, as well as some of the different avenues that investors can take as they're going down their investment journey. So let's get into it.

 

Hey, everyone, just a quick note, before we get into the episode, today, I wanted to give a shout out to the Roofstock Academy, which can be found at roofstockacademy.com. It is a one stop shop for your real estate investing education, independent of where you're starting from whether you're just starting out trying to get that first deal done, or a seasoned investor with a sizable portfolio, looking to get involved some other asset classes, or maybe streamline your investing. We've got stuff for you. It's comprised of on demand lectures, so you go at your own pace. Some of our programs have one on one coaching access to private Slack channels, forums and group coaching sessions. So come check us out at roofstockacademy.com. Look forward to seeing you in there.

 

Tamar, thank you so much for taking the time and joining me on the podcast. Really appreciate you coming on.

 

Tamar:

Thank you so much for having me.

 

Michael:

Oh, my pleasure, so I know a little bit about your backstory. But I mean, you're an author, you're a coach, you're an investor, give us the little background of who you are, where you're come from, what it is you do in real estate.

 

Tamar:

How long does this podcast?

Okay, in a nutshell. So my background is similar story, as a lot of investors that start out in real estate, I was looking for a way to lower my expenses and so I bought a duplex over 20 years ago and the rest is history, I realized that I could get other people to pay my mortgage and it was very exciting and I went on and did more of it cut to I did grow up without anything. So I wanted other women to realize the opportunity in real estate and that's when I started wealth building concierge. I recently wrote a book, the millionaires mentality to teach women how and men too actually should say, how to invest in real estate and the many ways in which you can do it and the many ways to build wealth through real estate.