Rental Property Owner & Real Estate Investor Podcast

Latest Episodes:

EP335 Investing in Residential Assisted Living Facilities with Chuck Bongiovanni May 30, 2022

Show notes

In 2020, the U.S. assisted living facility market was valued at $83 billion, and that value is expected to increase substantially over the next decade.

My guest today has a mission to revolutionize the assisted living industry by making it available for any individual to invest.

Chuck Bongiovanni is the CEO and co-founder of Majestic Residences Franchise System with a trademarked turnkey operation that generates $5,000 per resident per month.

Today Chuck is going to explain how investors and caretakers can set up six to sixteen bed residential assisted living facilities in residential neighborhoods. We'll talk about the income and expenses to anticipate, how to staff them, and technology his group is using to provide maximum comfort to the residents. We'll also discuss the difference in mindset between an investor in this space and a caretaker, and how the two can work together to make these facilities happen.

Most people aren't aware of these types of facilities, yet they're in every city and will double in size over the next ten years. I know you'll find this conversation with Chuck to be interesting and informative. You can find out more at https://www.discovermajesticresidences.com.

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.

https://www.rcbassociatesllc.com

EP334 Rehabbing in Detroit, Selling His Trucks, and Starting a New Business, with Ramond Harris II, Justin Workman, Patrick Spitzley & Stephen Benedict at the RPOA Annual Conference May 23, 2022

Show notes

It's been 109 episodes and 2 years of a pandemic, but we're finally able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his story in episodes #168 and #225 while we brainstormed ways for him to fix his broken business model and get rid of three trucks that were costing him over $25,000 per year in debt payments.

This episode was recorded at the RPOA's 2022 annual conference in Grand Rapids where we were able to reunite with Justin Workman, Patrick Spitzley, and Stephen Benedict for an exciting mastermind session. We were all impressed to learn about the profitable new turn Ramond's business has taken, and how he's barged into a new business and found success by disrupting old models and outdated agreements.

For those of you who remember Ramond from past episodes, I know you'll be incredibly impressed by his progress and newly acquired confidence. You can contact Ramond through email at ramond.harris@yahoo.com.

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.

https://www.rcbassociatesllc.com

EP333 Level One Due Diligence for Buy & Hold and Vacation Rental Investment Property with Masrur Huq May 16, 2022

Show notes

My guest today loves short-term rentals and a few years ago he set out to create a platform to bring the tools of industry giants to the normal investor.

Masrur Huq is the founder of Dynamic.RE, a prop-tech solution that leverages big data to help real estate investors increase their profitability and run their rentals and Airbnbs.

Today we're going to discuss level one due diligence and how to determine a property's highest and best use. Masrur will show us the process he goes through to determine rental and pricing comps, while aggregating data from AirDNA and other sources to pinpoint the highest profit margins.

Being successful in real estate investing often involves finding solutions that others haven't thought of or discovered. What I love about today's interview is that Masrur not only came up with a solution, he's managed to put it into a software format that anyone can use.

You can find out more about Masrur through his website: https://www.dynamic.re

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.

https://www.rcbassociatesllc.com

EP332 Conducting Psychological Due Diligence to Find the Hidden Story in Multifamily Investing with Sam Liebman May 09, 2022

Show notes

Even in these challenging economic times, multifamily real estate continues to perform exceptionally well. Hypergrowth in this investment market has led to intense competition for available properties.

But instead of getting caught up in the frenzy and making a reckless purchase that could sink you, it's critical to carry out an on the ground inquiry. Take the time to find out what's really behind the seller's motivation to sell, use street knowledge to discover whether it's a sound investment, and think outside of the box about where to find hidden value.

Those are the big ideas motivating my guest today. Sam Liebman is founder and CEO of WealthWay Equity Group a New York-based private equity and real estate development company. He has owned substantial interests in multifamily communities, office buildings and shopping centers, to the ground up construction of a luxury 21-story condominium development in Manhattan. His new book is Harvard Can't Teach What You Learn from the Streets: The Street Success Guide to Building Wealth through Multi-Family Real Estate.

Sam is going to share some of the great insight you can find in his book. We'll discuss how he deploys psychological due diligence to uncover the hidden story, why he considers himself a detective and the suspect is always the seller, how the town drunkard saved him $200,000 on a deal, and the office and retail Armageddon he believes is about to happen.

I know you're going to enjoy this conversation with Sam. You can find his book on Amazon, and contact him through his website: https://samliebman.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com/ And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com/

EP331 Why Billionaires like Bill Gates are Investing in Farmland with Brandon Silveira May 02, 2022

Show notes

One of the truths we rely on as residential real estate investors is that everyone needs a place to live. A similar, yet even more powerful truth can be claimed about the investing strategy that we'll be discussing today. That truth is that everyone needs to eat. Where does the food we eat come from? Farms of course!

So what are the opportunities and strategies we should know to successfully invest in farmland?

My guest today, Brandon Silveira, is a fourth-generation farmer and CEO of FarmFundr, a crowdfunding portal giving investors access to fractional ownership in high-profit potential farmland. Brandon is going to share the compelling reasons to invest in farmland and the potential profits you can make.

According to Brandon, we'll need to double our farming output to meet the world's demand for food in the coming decades. There's a reason why billionaires like Bill Gates are investing in farmland, and Brandon is going to share how you can join them.

You can contact Brandon via email or visit his website:

info@farmfundr.com

https://www.farmfundr.com

EP330 Special RPOA Expert Panel on Performing and Non-Performing Notes with Donna Bauer and Gene Chandler Apr 25, 2022

Show notes

This note buying panel discussion was recorded during RPOA's 2022 conference. We were joined by two incredible experts who helped us understand the difference between performing and non-performing notes, the challenges of investing in notes, and specific examples of wins & losses. After the discussion, we opened up the floor for Q&A from the audience.

I'd like to introduce our experts…

Donna Bauer

Donna Bauer is a trainer and coach who has done every type of real estate transaction: buying, selling, leasing—everything having to do with real property. She's also done every type of note deal whether it be performing, non-performing, seller-financed or anything in-between, and she will tell you that hands-down she prefers paper over property any day of the week.

Gene Chandler

Gene has 48 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and large and small pools of distressed assets directly from banks, hedge funds, and private equity groups.

Gene currently asset manages over $3.5 million in performing and non-performing notes.

Full disclosure: Gene and I have invested in many notes together and have experienced a few losses, as well as a few grand slam homeruns.

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

EP329 Eliminating the Fear of Getting Started in Real Estate and Building Your Brand with Former Professional Basketball Player Art Morrison III Apr 18, 2022

Show notes

My guest today is a former professional basketball player who has taken his passion and persistence from the basketball court to the real estate world.

Art Morrison III is the CEO of United Home Relief and the author of "Overcome: The Key to Unlocking Your Superhuman". He and his team have completed over $6 million in transactions across 15 properties in only three years. He now seeks to teach young adults how to get into the REI game and expedite their path to financial freedom through syndication.

Today, Art is going to share his trajectory from professional basketball player, to part-time real estate investing, to becoming a professional business owner with a team that helps him excel in the real estate world.

I know you're going to benefit from the wisdom and inspiration that Art has to share. You'll especially appreciate his tips on branding yourself and your business with a logo, website, and dedicated email address.

You can find out more about Art through his different social media channels:

Instagram - @artmorrisoniii

Twitter - @artmorrisoniii

Facebook - https://www.facebook.com/artmorrisoniii/

Youtube - https://www.youtube.com/channel/UCNcDtJEANbaNo4vOKrrLWAg

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

EP328 Finding Deals by Marketing Directly to the Seller with Justin Silverio Apr 11, 2022

Show notes

We all know that it's a competitive real estate market right now, and that there seems to be a lot more buyers than there are deals. One of the best ways to find opportunities is to market directly to the seller and bypass the brokers and other buyers altogether.

This is also one of the least understood strategies, and today we're going to dig in a little deeper with my guest, Justin Silverio.

Justin is the owner of JS2 Homes, Open Letter Marketing, and Invelo. Through his companies, Justin provides thousands of real estate investors a more effective direct-to-seller marketing approach, and educates on best practices around pull lists, marketing campaigns, lead tracking and full analytics.

Today Justin is going to share the different methods of direct marketing, the response rate you can expect, the difference between marketing to residential or commercial sellers, and the processes and automations he's created to increase his success rate.

I know you're going to enjoy this conversation with Justin. You can contact him and find out more through email or his websites:

justinsilverio@inveloapp.com

https://openlettermarketing.com

https://inveloapp.com

Today's episode is brought to you by Green Property Management, now offering a $250 per unit project allowance to new clients in West Michigan. Text "Green250" to 21000, or visit them at https://www.livegreenlocal.com/.

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. Visit https://www.rcbassociatesllc.com/ to learn more.

EP327 Creating a Unique Vacation Rental Experience by Building Cabins with Alex Jarbo Apr 04, 2022

Show notes

My guest today has a vacation rental strategy that is quite unique. Instead of buying or converting residential property into vacation rentals, he prefers to build cabins.

Alex Jarbo is a short-term rental developer and manager. He's also a military veteran and the founder and CEO of Sargon Investments with a goal of building 650 cabins in the next three years. He's also the host of the popular YouTube channel "Alex Builds" where he teaches the ins and outs of short-term development and management.

Today, Alex shares how he got into vacation rentals by putting his own apartment unit on Airbnb and sleeping in a car for three months so that he could afford to build his first cabin. We'll discuss the unique experience that cabins offer, as well as the amenities Alex likes to offer. I'll also obsess over the cleanliness and logistics of offering a hot tub.

If you're interested in offering unique vacation rental experiences or want to understand the compelling financial reasons to do so, you'll love this conversation with Alex. You can find out more by going to https://sargoninvestments.com or check out "Alex Builds" on YouTube.

EP326 Backstage Guide To Real Estate with Apartment Investor and Tony Award Winner Matt Picheny Mar 28, 2022

Show notes

My good friend Matt Picheny is back on the show today. You may remember Matt as a successful syndicator of multifamily apartments and Broadway shows such as Hamilton and Moulin Rouge.

Matt just released a new book that he wrote called "Backstage Guide To Real Estate" which follows Matt's journey from buying a starter home to flipping houses to apartment syndications. The book has already made its way to number one on Amazon.

Today, Matt will share stories from the book and draw interesting correlations from his acting and Broadway theater investing career to the process of investing in real estate.

You'll also learn about Matt's keystone concepts on the importance of cashflow, due diligence, and why you shouldn't trade time for money.

I always enjoy my conversations with Matt and I know you will to. You can go to https://picheny.com to find out more and download the new book. You can also find "Backstage Guide To Real Estate" wherever books are sold.

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