Uncontested Investing

Randall Miller is the President and CEO of Randall S. Miller & Associates, a Michigan-based law firm that specializes in representing mortgage lenders, servicers, financial institutions, credit unions, and private investors. Randall has been in practice for over 30 years now and he is on the show today to help us better understand the best ways we can protect ourselves in this business.

Listen now to learn more about the reality of investing in defaulted mortgages and the best ways you can protect yourself as a real estate professional today!

Key Talking Points of the Episode

00:00 Introduction

00:36 Who is Randall Miller?

01:56 What should real estate entrepreneurs be focused on today?

03:18 What is the role of default servicing in real estate?

04:35 What should investors be considering before investing in mortgage notes?

06:51 How does buying mortgage notes really work?

08:20 What mistakes are people making when buying notes from auctions?

10:34 How do tenants in properties in default change the situation?

12:47 How important is it to consult with an experienced attorney before buying notes?

13:46 Why is it important to be working with a local attorney on your deals?

15:16 What is the reality of being on the frontlines of the default servicing industry?

19:08 What makes a good legal counsel for real estate investors?

26:26 What is the problem with just listening to gurus on social media?

28:28 What are some things investors need to know when buying mortgage notes?

32:18 How can real estate professionals today protect themselves better?

34:29 What do investors need to think about the most when buying mortgage notes?

38:23 Why is it important to have the right attorney on your team as a real estate investor?

40:13 What services does Randall S. Miller & Associates offer?

41:50 How can you connect with Randall and his team?

Quotables

"If you're buying something at auction, you're not buying a house. You're buying the note, but it doesn't mean that you own the property yet and there are certain things that have to take place before you can make a move."

"Keep in mind – you gotta know where you stand, you gotta know where you are, and you have to have an attorney advise you as to really what is going on, and that attorney has to be from the state where you're buying that note."

Links

Phone: Randall Miller

(248) 335 - 0800

Email: Randall Miller

[email protected]

[email protected]

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Dean Rogers is a former NFL player and currently one of the biggest names in the real estate space. Dean started his journey in real estate investing 10 years ago and today, he is the founder of Home Helpers Group, he actively invests in real estate, and he is coaching people who are interested in getting into the space too.

Listen now to learn how Dean found success in real estate investing over the years and how he is helping new investors achieve their goals too!

Key Talking Points of the Episode

00:00 Introduction

00:54 Who is Dean Rogers?

02:30 What should real estate investors be focused on today?

04:27 What is the story behind Friends with Benefits in California?

07:53 How did Dean decide on which markets to invest in?

10:01 How did Dean learn about investing in real estate virtually?

13:45 How long did it take for Dean to find his business partner?

21:09 What lessons from sports helped Dean become successful as an entrepreneur?

24:45 What made Dean decide to leave the NFL?

32:40 How did Dean transition from the NFL to a corporate job?

33:44 How important has the "burn the boat" mentality been for Dean?

35:59 What is Dean's advice for people who want to invest in real estate full-time?

40:27 What is Dean's advice for real estate investors today?

47:19 How did Dean's vision for his future play into the decisions he made in his career?

50:51 What is the importance of perseverance to your success?

55:54 What makes a great business partnership?

Quotables

"The right type of deals for me is not getting into the big, long, difficult projects. I wanna be doing easy, in-and-out type of projects and for me, I'm only doing the best type of projects to flip or keep as a rental."

"The biggest thing that I took away, what not only got me to the success in sports but also in life now, is you don't always have to be the best."

"I had this mindset of "I'll do it myself" – I always have and I'll keep putting in the work and I'll grind it out."

Links

Instagram: Dean Rogers

https://www.instagram.com/deanrogersrealestate/

Website: Dean Rogers

https://deanrogers.com/

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Robert Rakowski is the founder and publisher of REI Ink magazine - one of the industry's most reliable sources of data today. Robert is an industry expert with years of experience in different magazine companies and today, he is on the show to shed some light on the purpose of REI Ink and how it is changing the real estate investing industry.

Listen now to learn more about the story behind REI Ink, the work that is put into each issue, how it impacts the real estate industry, and what the future looks like for the magazine!

Key Talking Points of the Episode

00:00 Introduction

00:53 What is the story behind REI Ink?

02:00 What is the most important thing in real estate today?

04:18 What made Robert decide to focus on the real estate space?

07:36 Who is REI Ink's customer base?

11:24 What are the challenges of being in the magazine industry?

14:37 What is it like to manage a publishing team?

16:35 How do the articles published in REI Ink get written?

21:04 Why did REI Ink decide to partner with RCN Capital?

25:56 What is Robert's favorite part about getting a magazine issue published?

29:10 How does REI Ink remind people of the value of investors?

30:30 What does the future of REI Ink look like?

32:18 Where does Robert's sales background come from?

34:58 Who was the catalyst to REI Ink's growth over the years?

37:41 What is Robert's best advice for real estate investors today?

38:52 What is the goal of REI Ink for its clients?

44:36 What does Robert love the most about Uncontested Investing?

Quotables

"We founded the magazine on customer service and it's amazing how far customer service goes."

"Be careful who you listen to, find the experts in the field, and go with the data."

"There's never a good time to start anything, so if you're presented with an opportunity, do it and figure out the details later. That's the way I look at it."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Clint Lien is the Executive Vice President of The Bluebook International, a company that provides solutions for real estate investors to help them estimate rehab costs efficiently and accurately. He has been in the industry for years, helping provide reliable resources for real estate investors, and he is on the show to help us better understand the work that goes into rehabbing properties and how we can be more efficient with them.

Listen now to learn more about rehabbing properties and how you can be efficient with estimating and planning for the expenses that come with it!

Key Talking Points of the Episode

00:00 Introduction

00:45 Who is Clint Lien?

03:07 What should real estate investors be focused on today?

05:43 What is The Bluebook International?

08:30 How is The Bluebook International helping real estate investors today?

12:52 How does The Bluebook International come up with the data they use?

17:30 What factors play into the costs of a rehab project?

23:11 How can real estate investors maintain profitability in their rehabs?

28:55 Why is it important to make educated decisions in your rehabs?

31:07 What are some factors to consider when working with general contractors?

35:30 Why is it important to build strong relationships with vendors and contractors?

39:47 What is Clint's advice for real estate investors today?

43:19 What does it take to become an effective general contractor?

47:32 What resources does The Bluebook International offer for real estate investors?

48:33 Where can you learn more about The Bluebook International?

49:55 What are the biggest mistakes new flippers are making?

Quotables

"Build relationships with contractors. Build relationships with realtors. Whoever is gonna be interacting with you in that middle sphere, on that middle lever, build those relationships before you pull the trigger."

"There's a risk, right? If there was no risk, everybody would do it, that's what they say. There's a risk, but you can limit that risk by educating yourself in multiple different ways."

"Ignorance is usually based on a conscious decision, so if you think about what happened, if you think about what went wrong, you can look back and say "oh, that's where I made that ignorant decision that got me there"."

Links

LinkedIn: The Bluebook International

https://www.linkedin.com/company/the-bluebook-international-inc./

Website: The Bluebook International

https://www.bluebook.net/

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Title: Navigating the Modern Real Estate Landscape with Stratton Brown

Description

Stratton Brown is a real estate entrepreneur, the founder of Call Magicians, and one of the hosts of the Deal Champs podcast. He is with us on the show today to talk about how it was for him to build his real estate business from the ground up and get you into the mindset that will help you succeed in this space.

Listen now to learn more about Stratton's journey into real estate investing and what it truly takes to achieve success in real estate investing today!

Key Talking Points of the Episode

00:00 Introduction

00:56 Who is Stratton Brown?

02:50 What should real estate investors be focused on?

05:23 What do the owner-financing opportunities look like for real estate investors today?

10:33 Why did Stratton decide to get involved in self-storage?

13:30 What do occupancy rates look like in self-storage today?

14:46 What factors impact the profitability of a self-storage facility?

16:01 What learning curves did Stratton experience in self-storage?

20:01 What factors make a good location for a self-storage facility?

23:28 How can you remain profitable in self-storage through market changes?

26:47 What is it like for Stratton to be part of the Deal Champs podcast?

28:16 What is the importance of your reputation to your growth as an entrepreneur?

30:26 What led Stratton into real estate investing?

33:30 What was the turning point in Stratton's life?

40:22 What is Stratton's advice for real estate investors today?

42:52 What is the difference between talent and skill?

50:40 How did Stratton's background in sports help him in real estate?

53:46 How can you get in touch with Stratton?

Quotables "People wanna be successful. They don't wanna do what it takes to be successful." "When you enter this world, you're gonna be entering a world where people have already been doing this for years, and so the only thing that's gonna separate you is your hard work and dedication."

"There's really talented people but every time I see an extremely talented person, at the beginning, they don't develop the hard work because it comes too easy to them."

Links

Website: Call Magicians

https://www.callmagicians.com

Instagram: Stratton Brown

https://www.instagram.com/strattdaddyy

Book: Talent is Never Enough

https://www.amazon.com/Talent-Never-Enough-Discover-Choices/dp/0785214038

Book: Streetwise Seller Financing

https://www.amazon.com/Streetwise-Seller-Financing-Property-Faster/dp/0974363103

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

John Beacham is the founder and CEO of Toorak Capital Partners, a company that works with lenders across the US and UK to originate business-purpose loans. He has decades of experience in leading financial institutions and building successful businesses and he is with us on the show to talk about things that we need to be focused on in today's market if we want to succeed as investors.

Listen now to learn more from an expert in financing and real estate investing, so you can be prepared to make better decisions for your business!

Key Talking Points of the Episode

00:00 Introduction

00:50 Who is John Beacham?

02:36 What should real estate investors today be focusing on?

04:47 What is the story behind Toorak Capital Partners?

10:36 Where did the idea of DSCR loans come from?

13:25 What are the benefits of being a single-family investor?

16:58 What do the opportunities look like in property management?

19:31 Where does John's passion for real estate come from?

22:52 What role do investors play in the American dream?

25:54 How are investors today navigating the economic changes brought by inflation?

28:15 What is John's advice for investors with bad deals in today's market?

30:48 What is John's take on today's interest rates?

32:56 What should investors be focusing on to prepare for 2024?

34:33 What opportunities should investors be looking out for in today's market?

36:37 Where does John see the real estate industry going?

39:27 What are investors today more focused on?

41:47 What is John's advice to investors and entrepreneurs today?

43:09 Why is it important to break the stigma of hard money lending?

Quotables

"Don't think about necessarily what it is, but think about what it could be."

"Single-family is unique as an asset class because you really have two different and somewhat independent sets of buyers."

"You don't necessarily need to have a college education, but you need to have a good work ethic and a good business sense in order to buy and renovate properties."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Tarry Summers is a seasoned real estate investor, developer, and entrepreneur, with hundreds of doors in his portfolio. He has been in business through different market cycles, he has learned from some of the most successful people in the industry, and he is with us today to share all the things that he learned along the way.

Listen now to learn the best tips, tricks, and strategies that will keep you profitable in the real estate space from a seasoned real estate entrepreneur!

Key Talking Points of the Episode

00:00 Introduction

01:07 Who is Tarry Summers?

03:15 What should real estate investors be focused on today?

06:12 What makes Tarry different from social media influencers?

08:32 Why is Tarry focused on holding properties?

11:13 How did Tarry learn about leveraging real estate?

13:50 What is the hockey stick analogy about?

16:26 What are the benefits of holding onto your residential properties?

18:05 How did Tarry start leveraging his real estate properties?

22:07 What is the importance of understanding the impact of delayed gratification?

27:04 What was it like for Tarry to do real estate investing full-time?

29:26 Why is it important to focus on equity, cash flow, and profitability?

31:37 What is the best way to learn about real estate investing?

35:15 What is the importance of nurturing relationships as a real estate investor?

38:49 Why do you need to understand the importance of leveraging people's skills?

43:34 Why is it important to look into the people you're listening to?

46:56 What is Tarry's advice for real estate investors today?

48:55 Where can you find The Scalers Only show?

50:02 What are the things you need to consider when choosing a market?

52:21 Why did Tarry buy a gym?

53:41 What was the dumbest investment Tarry ever made?

57:58 How can you get in touch with Tarry?

Quotables

"The worst thing you can possibly do in real estate is wait. You need to get in, you need to get involved." "Rich people do not get rich by making an income, they get rich off of buying assets and then borrowing off their assets."

"When someone is older and wiser than you, shut up and just listen because they've been there."

Links

Podcast: The Scalers Only Show

https://www.youtube.com/watch?v=-VgWKojDeO8

Instagram: Tarry Summers

https://www.instagram.com/tarrysumms

Facebook: Tarry Summers

https://www.facebook.com/tarrysummers/

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Chuck Hattemer is the co-founder and CMO of Poplar Homes, a nationwide property management company based in California. Chuck and his team are focused on helping mom-and-pop investors across the country manage their properties better by giving them access to institutional power and he is with us today to talk about the importance of effective property management systems and how Poplar Homes is helping solve issues in property management today!

Listen now to learn more about Poplar Homes, what's going on in property management, and how you can better manage your rentals as a real estate investor today!

Key Talking Points of the Episode

00:00 Introduction

00:58 Who is Chuck Hattemer?

03:35 What should real estate investors be focused on in today's market?

07:04 What makes someone a mom-and-pop investor?

10:41 Why is Poplar Homes focused on serving mom-and-pop investors?

13:33 How did Chuck get involved in student housing while he was in college?

16:01 What was the turning point that led Chuck to property management?

19:55 What made Chuck decide to focus on the customer's pain points?

23:50 What is the biggest challenge in property management?

28:02 Why is maintenance one of the most significant concerns in property management?

30:35 How is Poplar Homes changing maintenance management for investors?

33:53 What aspects of property management still need improvement?

40:45 What is Chuck's advice for real estate investors today?

45:00 How does Poplar Homes help investors manage their rentals better?

49:01 Where can you learn more about Poplar Homes and how they can help you?

Quotables

"We kinda approached it from the consumer, the renter perspective first and it was a problem that all of our peers were talking about."

"That was all about this philosophy of don't over-optimize and don't build before you know exactly what the customer wants and what the pain points are."

"So many opportunities that come up in my experience, in our business, have come up because we've knocked on that extra door. We've asked the tough question when the time has run out to a mentor or to someone we want to make a deal with."

Links

Website: Poplar Homes

https://www.poplarhomes.com/

LinkedIn: Chuck Hattemer

https://www.linkedin.com/in/charleshattemer/

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Mike Tedesco is the CEO of Appraisal Nation with decades of experience in lending, banking, credit, title, closing, appraisals, and real estate investing. He has been around through different economic cycles and he is with us today to help us understand what's going on behind the scenes in the real estate space.

Listen now to learn more about the truth behind today's real estate market and how you can remain profitable through these challenging market conditions!

Key Talking Points of the Episode

00:00 Introduction

00:32 What is Mike's background?

02:10 What should people be paying attention to in today's market?

04:34 How much would a household need to make to afford median housing?

06:29 What is it like to be in the appraisal business?

07:14 Where did Mike learn the systems and processes for his business?

11:41 How will your relationships help you manage your business?

12:32 What got Mike into owning real estate?

15:15 What does the real estate market really look like today?

17:23 What is currently happening behind the scenes in the real estate market?

19:02 How can investors pick a market to invest in today?

20:29 What kind of markets are doing well for short-term rentals?

22:36 What challenges are flippers facing in today's market conditions?

24:59 What is the real estate class?

27:32 What is Mike's best advice for real estate investors today?

30:07 What is the best way to get your education in the real estate space?

33:10 How should real estate investors approach the market today?

37:46 Why is it important to diversify your investments?

40:02 How can understanding the power of compounding help you grow?

Quotables

"The biggest thing that's being overlooked right now is what's happening in the affordability sector. As homes continue to rise, the median income is not catching up."

"More and more people want to be in a home and if they can't afford to buy that home, then investors are gonna buy that home and they're gonna rent those homes, and it's limiting the market."

"Buying real estate today is always better than buying real estate tomorrow and there are so many programs out there for everybody."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Victoria Cowart is the Director of Education and Outreach at PetScreening, a company that aids in helping residential and commercial spaces become more pet-friendly. Aside from that, Victoria also has decades of experience in property management and she is with us on the show to talk about property management and how investors can make their properties more pet-friendly while mitigating as many risks as possible.

Listen now to learn more about the current rental market conditions, how the tenant bill of rights may affect landlords, and how you can make your rentals more pet-friendly with PetScreening!

Key Talking Points of the Episode

00:00 Introduction

01:38 Who is Victoria Cowart?

02:54 Why is it important to work with a licensed property manager?

05:24 What should landlords pay attention to in today's market?

07:29 What makes the tenant bill of rights concerning for landlords?

09:15 What challenges are rental property owners facing with HOAs?

11:34 How does PetScreening help make more properties pet-friendly?

13:25 What are some hurdles with pet policies that investors should be aware of?

16:09 What is the coverage of your property manager's E&O? 17:56 How do FIDO scores work?

19:35 What are the pet parenting questions asked to get the FIDO score?

21:33 How can your pet get a high FIDO score?

22:05 How is PetScreening helping investors with risk management?

25:51 How does a pet's age affect their FIDO score? 28:27 What is the difference between evaluating dogs and cats for rental properties?

30:52 How does the FIDO score help property managers select tenants?

32:05 What are the costs that tenants need to cover when renting with pets?

36:36 What is Victoria's advice for real estate investors today?

38:00 How can understanding pet policies help you generate more revenue?

40:10 What does it mean to be pet passionate?

42:37 How can you connect with Victoria and know more about PetScreening?

Quotables

"It just seems our industry is unreasonably attacked as being predatory and it's not. We are providing affordable housing."

"What we're doing for the industry is we're building a fence around the liability and the risk management of pets and animals like you would want around a swimming pool."

"Pet rent should always be required, you just have a range. $45-$65 to start off, you just create a $20 window for our 5 paws."

Links

Email: Victoria Cowart

[email protected]

Website: PetScreening

https://www.petscreening.com/

Email: PetScreening

[email protected]