Rental Property Owner & Real Estate Investor Podcast

Latest Episodes:

EP233 Shopping Malls, Big Box Stores, and Strip Centers. How His $3 Billion Retail Portfolio is Holding Up in the Age of Amazon and Covid-19, with Chris Ressa Jun 22, 2020

Show notes

You're about to hear an incredibly informative conversation I had with Chris Ressa about Commercial Retail investing. We recorded this on March 11th, just before our country went into lockdown, and as we all know, retail has taken quite a beating over these past months.

What I'd love for you to do is to listen through this conversation to get a detailed understanding of how retail investing works, and then at the very end you'll hear my follow-up conversation with Chris that we recorded this past week. Chris is going to update us on how his $3 billion portfolio has survived during the past three months. Definitely stick around to the end, because you won't want to miss it!

Every time I drive by a strip mall with a TJ-Maxx, or a ROSS Dress For Less, or a Burlington Coat Factory, I always wonder, "Who owns that property, and what does that investment actually look like?" Today we're going to talk about investing in retail. What are the factors that make this a profitable asset class, how do we value it, what are the risk factors, and in the age of amazon.com how will brick & mortar retail hold up in the future?

Luckily, we have an expert with us today to answer these questions. Chris Ressa is the Chief Operating Officer of DLC Management where he oversees an asset portfolio of $3 billion dollars and 18 million sq. ft. of retail space in 24 states. Since its founding in 1991, DLC has been one of the nation's preeminent owners, operators and managers of shopping centers across the country.

Chris has been recognized by Chain Store Age and made their list of "10 Under 40: The Dazzling Dozen". He also hosts the "Retail Retold podcast". You can find out more about him through linkedin #RessaOnRealEstate, or by going to www.dlcmgmt.com

EP232 Investing in Self-Storage on a Massive Scale and Structuring Your Fund with Kris Benson Jun 15, 2020

Show notes

One of the asset classes that's expected to hold up well during this Coronavirus Pandemic is Self-Storage. In fact, it tends to do well no matter how the economy is performing. Today we're going to take a look at the factors that make Self-Storage so attractive and help you understand how to successfully invest in this sector.

And here to take a deep dive into this strategy is Kris Benson, the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, which is one of the top 25 commercial Self-Storage operators in the U.S. Reliant has completed over $650 Million in Self-Storage acquisitions and dispositions in the past 5 years.

We'll also be discussing what it takes to put together a $50 Million fund, and Kris' role in raising money for Reliant's portfolio. For those of you who are syndicators or raising money for your own fund, you'll definitely benefit from learning how Kris raises money from investors, how Reliant structures their investment opportunities, and the finer details of valuing every investor's share in the fund.

You can contact Kris through www.reliantinvestments.com or linkedin (Kris Benson)

EP231 How He Bought an Island and is Building a World-Class Resort with Dan Behm Jun 08, 2020

Show notes

My guest today made a lifestyle real estate investment in an asset class that most of us can only dream of. He bought an Island! And he's turning that island into the world's sexiest off-the grid private luxury resort featuring over-water villas, treehouse jungle suites, and the world's first over-water beach on stilts.

You may know Dan Behm from his online blog called "Why I bought an Island", and if you're from the West Michigan area you may know him as the Founder and Past CEO & President of the wildly successful tech company 'OST', or Open Systems Technologies.

Dan is also an entrepreneur and investor focusing on residential and commercial real estate, small businesses and international resorts. He's received many awards over the years including the Ernst and Young Entrepreneur of the Year and the West Michigan MSU Business Person of the Year.

And today, Dan is going to tell us why he bought this island in Panama, the engineering and structural challenges his team had to overcome to turn it into a world-class resort, how he's maximizing profit, and the Return On Investment he's targeting for investors.

I know you're going to enjoy this fun and inspiring conversation with Dan. You should also check out the video version on youtube, where you'll be able to see photos, renderings, and video from the project.

You can find out more by going to https://bocasbali.com

EP230 How He Applies His Christian Principles to Real Life Real Estate Situations with Ellis Hammond Jun 01, 2020

Show notes

Ellis Hammond is my guest today and he began investing in real estate while he was serving as a college pastor in San Diego. While his goal was to create passive cash flow for his family, he realized that investing in Real Estate could be an incredible resource to help his family and many others achieve financial freedom. He and his wife invested in a San Diego duplex in 2018 and 9 months later he became a Co-General Partner on a 144-unit apartment complex in Memphis TN.

Ellis is the founder of Kingdom Capitalists, the #1 mastermind community for Christian real estate entrepreneurs. He hosts a top-rated podcast called "Kingdom Capitalists" where he features other successful Christian entrepreneurs and business owners discussing their faith and success.

Today Ellis shares how he grew his real estate portfolio and how he uses his evangelistic skills to network and create communities on linkedin and meetup groups. He'll break down his strategy for creating content that attracts opportunities and investors, and we'll also discuss how his Christian Faith informs the decisions he makes as a landlord and entrepreneur.

I know you're going to enjoy this episode. You can contact Ellis through linkedin, https://kingdomcapitalists.co or https://ellishammond.com

EP229 Deal Packaging, Homes of Multiple Occupancy, and Raising Cash in the UK with Susannah Cole May 25, 2020

Show notes

My guest today is one of the UK's most successful self-made property investors. She started her first business at the age of 22 and even then she knew she had an entrepreneurial spirit which could not be constrained by a JOB. She broke out of the corporate world to follow her dreams and founded the Good Property Company UK which she has been running for over 10 years.

Susannah Cole believes anyone can make millions from property, and that it is possible to succeed even with very little money to start with. She has sourced, bought or let out more than 200 properties with a value of $45 Million Pounds, and has invested her own capital to develop her multi-million-pound property portfolio.

Susannah's top priority is helping others achieve, or surpass, her own success. Today she's going to share the strategies that have made her so successful. We'll be discussing 'HMO's', Homes of Multiple Occupancy, which are quite common in the UK. We'll also be discussing the concept of 'Deal Packaging', which is similar to wholesaling with several key differences. Susannah is also an expert on raising money from High-Net Worth Investors and will be discussing how she's been able to attract them to her investments.

You'll definitely find the differences and similarities between investing in the United States and the UK highly interesting. Susannah's experiences will help any listener improve their own investing. You can find out more through her Youtube channel: https://www.youtube.com/user/goodpropertycompany

and website: https://www.thegoodpropertycompany.co.uk

EP228 Sometimes the Best Deal is the One You Walk Away From, with Ken Jenkins May 18, 2020

Show notes

Many Multifamily & Apartment Investors are looking for opportunities wherever they make sense. Today's guest found what appeared to be an excellent upside opportunity in Macon, Georgia that he and his partner got under contract, completed due diligence on, raised the equity and sourced the financing. Everything was all set to close, until something came to light that changed the entire deal.

Today you're going to hear a story about why it's so important to keep looking, digging, and asking questions, even after you've completed your due diligence.

Here to share his story is Ken Jenkins, principal for Integrated Property Group Managers which owns and operates 181 units in South-East Michigan. Ken is also my cousin, and you may remember his previous appearances on EP# 16 & 17.

No matter what level of investor you may be, you will definitely benefit from hearing Ken's deep dive into a deal that looked like a winner but ended up being one he had no choice but to walk away from. You can reach Ken by email: kenj@thepropmanagers.com

EP227 How He's Achieving Financial Freedom through Student Housing Investing in California with Ryan Chaw May 11, 2020

Show notes

Do you know what your financial freedom number is? The answer is the amount of passive income you'd need to achieve in order to cover all of your expenses and replace your job income. When you ask most people what their financial freedom number is, the most common answer is $10,000 a month in passive income.

Well today we're going to talk to someone who has achieved that number. Ryan Chaw is a single-family home investor who has managed to create a six-figure rental portfolio in California where most houses are overpriced and cash flow is limited. Today he's going to share his strategy for managing 4 single family homes himself while still working his full-time job. We're also going to discuss important tips on preventing high-cost emergency repairs along with Ryan's system on super targeted marketing.

Ryan is fast becoming an expert on converting traditional home rentals into multi-bedroom student housing. I know you're going to appreciate learning more about the tools he's using to manage remotely, ensure on-time rent payments, and market through Facebook. Ryan can be reached through his website: www.newbierealestateinvesting.com

EP226 A Rocketship to Multifamily Success with David Toupin May 04, 2020

Show notes

When David Toupin was last on this show he was well on his way to real estate success as a co-owner of a $7 Million portfolio of 120 units, plus a successful single-family fix & flip business. Well at some point David invested in a rocket ship, because his momentum since then has been stratospheric.

Today David is a Top Millennial real estate investor, speaker, and entrepreneur. He co-founded Obsidian Capital with our previous guest, Glenn Gonzales, and has acted as a key principal with over $50 Million in real estate holdings and he's raised well over $10 Million in capital. He also designed and developed a best-selling multifamily deal analyzer, and used that as a platform to found a new software company called Real Estate Lab.

You're definitely going to want to hear why David moved his business from Detroit to Austin, Texas, the importance of financial analysis in deal-making, how he utilizes social media to attract investors, and how you can achieve his level of success no matter where you are in life.

David can be reached through Instagram @realestatejedi or https://www.obsidiancapitalco.com

Special RPOA Economic Forecast with Paul Isley Apr 30, 2020

Show notes

One of the RPOA's goals during this Coronavirus Pandemic is to keep you as up-to-date as possible with information that will help you survive and thrive as real estate investors. That's why I'm so excited to be talking with today's guest about the economic impact this pandemic is going to have on our real estate investments. If you've been looking for real data on our city, state & country's economic strength & what all this means for your real estate portfolio, then you're definitely going to want to hear this economic forecast with Paul Isley.

Paul is the Associate Dean and Economist for Undergraduate Programs in the Seidman College of Business at Grand Valley State University. If you've ever been to the RPOA's annual conference then you already know that Paul is the most popular speaker by far. This year his presentation was standing room only, and his economic forecast was incredibly eye-opening.

Now, 8 weeks into this pandemic, Paul has new data that will shed light on the state of our economy and what we can expect in the coming months and years. Whether you listen to the podcast episode or watch the youtube video in order to view Paul's economic charts this is an episode you don't want to miss!

EP225 Will This Mastermind Group Help Him Dominate The Detroit Flipping & Rehab Market? With Ramond Harris, Justin Workman, Patrick Spitzley & Stephen Benedict Apr 27, 2020

Show notes

Last year at the RPOA annual conference I met Ramond Harris for the first time. After hearing his story about flipping, wholesaling and rehabbing in the Detroit area, I knew we needed to record a podcast. You may remember the Mastermind conversation we had with friends of this show Justin Workman and Patrick Spitzley on episode #168 where we helped brainstorm ways Ramond could fix his broken business model, decrease his debt by shedding some unused assets, and set himself up for huge growth.

Now, a year later, we've all met back up at the RPOA 2020 annual conference and we're going to mastermind again with Ramond to see what's changed and how his business has progressed since we last talked. We'll also be discussing some new marketing and deal flow challenges that have cropped up, and how he might tackle them.

Joining us as well is Stephen Benedict, local Sheriff's Sale Auction expert from episode #101, who has some valuable advice on how to beat out the competition at the auction table.

I know you're going to enjoy this episode as much as I did. Ramond is very open about the very common challenges he faces in his business. You'll also benefit greatly from the advice offered during the show.

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