WSREIP: Your Gateway to Real Estate Success in Washington State

Welcome to this episode of "Dead Broke to 90 Debt Free Rental Properties."

Our guest today is Brad Hovis, a successful real estate investor who has built a portfolio of rental properties and authored the book "Rollover To Retire." We'll be discussing Brad's journey into real estate investing, tips for success, and his recent book.

First, we ask Brad what led him to specialize in real estate investing and what sets it apart from other types of investments. He shares his personal experience and belief that real estate provides a unique opportunity to build wealth through passive income and long-term appreciation.

We then ask about some common misconceptions or challenges new investors may face when entering the real estate market. Brad shares some common mistakes, including underestimating the costs involved in acquiring and managing properties, and not thoroughly researching the local market and regulations.

Next, Brad shares a successful investment strategy or tip he's learned throughout his career in real estate investing. He recommends focusing on acquiring properties with potential for long-term appreciation and cash flow, and building strong relationships with local professionals.

To stay informed and up-to-date on changes and trends in the real estate market, Brad suggests reading industry publications, attending local events, and networking with other investors.

We then ask Brad to discuss a specific investment opportunity he's pursued that he would consider a highlight of his career in real estate investing. He shares a story about a successful commercial property investment that required patience and persistence.

Moving on to his book, we ask Brad to tell us a little bit about "Rollover To Retire" and what inspired him to write it. He discusses his desire to share his knowledge and experience with others who are looking to build wealth through real estate investing and how to use their retirement accounts to invest in real estate. Brad shares a memorable moment from writing the book.

Finally, we ask Brad how he hopes readers will apply the lessons or insights from his book to their own lives or careers. He expresses his hope that readers will use "Rollover To Retire" as a practical guide to get started in real estate investing and build a successful portfolio of rental properties while taking advantage of the tax benefits and investment opportunities available through their retirement accounts.

Guest: Brad Hovis

In 2008, I was dead broke. Wife, kids, bills, stress...and there seemed to be no relief in sight. I decided something had to change and real estate was it. A few years later, in 2013, I was able to retire. My passive income was larger than my monthly expenses. It meant...I didn't HAVE to work anymore.

Sponsors:

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In this episode we focus on why and how to use Hard Money to grow your real estate business. This episode is for real estate investors and entrepreneurs who are looking to expand their portfolios and increase their returns. In the episode, we'll dive into the world of Hard Money lending, exploring what it is, how it works, and the benefits it can offer. You'll learn about the key differences between Hard Money and traditional lending, and how to use Hard Money to finance your real estate investments. We'll also discuss the risks and limitations of Hard Money and provide best practices for incorporating it into your investment strategy. Whether you're a seasoned real estate pro or just starting out, this podcast will give you the insights you need to grow your business and achieve financial success.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

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Join me at the REI Networking event Feb. 21st at 6:30pm

Guest: Landon Cunningham

Landon grew up on the westside of Washington. He started investing in real estate in 2009. He has done fix and flips in Washington, Idaho, and Hawaii and holds rentals in Washington and Idaho. His primary focus the last 5 years has been generating loans for his lending company - Inland Capital.

https://www.inlandcap.com/

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

Join the Easy Home Buyers List today!

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Guest: Alexander Prepelita-Moncastro

Alexander is a real estate investor and agent investing in the greater Bellevue area.

Join us as we discuss the real estate market in the Bellevue area and the greater Seattle area overall.

https://www.levinmoncastro.com/alexander-prepelita

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

Join the Easy Home Buyers List today!

Guest: Shira Albert

Shira is a 16 year nurse practitioner needing to feel empowered in her financial future through apartment investing.

https://www.shirainvestments.com/

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

Join the Easy Home Buyers List today!

Follow WSREIP on TikTok

This is the last episode of the 2022 and the last episode of our first year and first season of the Washington State Real Estate Investing Podcast. Thank you to you our listeners, those who have been interviewed and our sponsors who supported us in this first year. Flexispot.com, Chad Young and The Easy Home Buyer, Kelly Clark and the CDA REI Summit, Billy Deese and Deese Real Estate and our newest sponsor Commencement Bank who you will be hearing more from in the new year. Thank you to all of you for supporting our efforts to bring knowledge, stories and highlights from across Washington State.

We end the year on some pretty positive notes. We had 5,300 downloads of the podcast in year one with over 3,000 of those coming in the last 30 days. Our #1 listened to episode was #7 with Maria Pence talking about her journey from police officer to over 300 units in the greater Spokane area. If you are new to the podcast you're going to want to go back and listen to that episode for sure.

Guest: Alexis McPherson

Alexis loves meeting as many people as possible in the industry, learning what is working and what isn't, and how to elevate the Home Inspection industry as a whole.

https://batsinthebelfryhomeinspectionllc.com/

https://www.instagram.com/bats.in.the.belfry.hi/

https://www.facebook.com/bats.in.the.belfry.hi/

https://www.tiktok.com/@bitb.home.inspection.wa

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

Join the Easy Home Buyers List today!

Follow WSREIP on TikTok

Investors Highlight

That brings me to today's investor highlight. I have been in the technology world for a long time. In my day to day job I am an educational technology consultant, supporting schools and educators in using technology with students. One thing that I tell educators and I think this holds true for everyone is to be thinking…..do I feel like I work for technology, or does technology work for me? If you feel like you are constantly frustrated by technology then it probably means one of two things. 1) You need a system in place to support you in using the technology or 2) It's the wrong technology. Oftentimes I find we have the right technology but we don't put systems into place to make it work seamlessly. Next thing you know you're spending hours on something that was supposed to save you time and energy.

There is all sorts of technology to support us in our real estate investing journey. I thought I would highlight some of my favorite tools that I use on a daily basis.

1. Google Workspace for Business….full disclosure I have been a fan of the Google platform for a very long time and am a Google Certified Trainer. I find that their tools, whether it be a form, their spreadsheets, or their email (Gmail) it's just a very powerful system when you set it up to work for you. If you or your office is a Google Workspace business and you could use some training feel free to reach out….it's what I do.
2. Stessa.com I really like stessa and as a free service for me to manage all my properties, see my finances all in one place I think it's as good as it gets and is getting better. Quickbooks is so expensive and isn't real estate focused. Stessa.com is for real estate investors. It does one thing and does it well and at Free…the price is right as well.
3. The Marco Polo app on phones. This one I have to give credit to our contractor for. When we hired him he wanted to use the app to communicate and seeing that we live across the state from our rentals he's working on it was perfect. When he has questions about something he can actually show us what he's talking about, we can see the problem and then come up with a game plan to solve it. Such a great way to communicate when video is needed. Free and simple to use

I'd love to hear some of your favorite technologies that you use in running your real estate business. Leave a comment on this episode at wsreip.com or any other place comments are accepted across all the social media platforms. I always love finding new programs that can help technology work for me instead of me working for it!

Guest: Brandon Bateman

Brandon Bateman started a digital marketing company as a sophomore in college and never looked back. After volunteering to do digital marketing for companies, he started the Bateman Collective and is now the premier digital marketing company for wholesalers across the country. Bateman Collective handles all digital marketing, from SEO to PPC to Facebook and Instagram ads, as well as designing and creating content for those platforms.

https://www.batemancollective.com/

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

Join the Easy Home Buyers List today!

Follow WSREIP on TikTok

Guest: Marisa Ala

I am an attorney that specializes in estate planning, probate, real property, small business formation, and contracts. I have my own firm (The Ala Firm) and I regularly speak at seminars and events. I was in construction litigation for 20+ years and I also ran a general contracting business (fix and flip) for a couple of years. My husband and I have done a major renovation on our own home as well. I am married, have two kids (ages 13 and 16) and in my "off" time I like to watch TV, work on my house, sing and volunteer.

www.thealafirm.com

https://www.facebook.com/marisa.ala

https://www.facebook.com/thealafirm

https://www.linkedin.com/in/marisa-ala-8909a72/

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

The Easy Home Buyer

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Guest: Chad Young

Chad runs The Easy Home Buyer, they do about 80 deals a year in the Spokane and CDA market based out of Post Falls. We wholesale, flip and keep long term rentals

www.theeasyhomebuyer.com

https://www.facebook.com/chadronyoung

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720

The Easy Home Buyer

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Guest: Jeremy Kitchen

Real Estate Investor

Tiktok -@reifunding

Instagram - @rei_funding

Youtube - https://www.youtube.com/channel/UCyDdGEoj4OQ5dVIggo4sd5A

Facebook - https://www.facebook.com/jeremy.kitchen.37

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.

Sponsors:

FlexiSpot.com

Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSREIP20

CDA REI Summit

Discount Code: kelly50

Join our Twitter Community

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Guest: Tristan Nunez

My background is in private lending, and I'm building my real estate investing business in the Spokane area currently. I do creative finance, light-weight flips, wholesaling where it makes sense, and am interested in STRs if the location is good.

-Tristan's Linkedin

-Tristan's Website

-Tristan's Youtube

Adam Maguire

Adam Maguire is a career sales professional and investor. He started Merry Mac Capital to generate passive income while sharing practical financial insights with family and friends. Adam has a natural gift for teaching and loves sharing his wealth building insights for free.

Adam Maguire | 360-904-8132 | President | Merry Mac Capital LLC

Adam's Linkedin

Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.