Rental Property Owner & Real Estate Investor Podcast

Latest Episodes:

EP129 Syndication Wisdom: Its Better to Own 10% of 10 Deals Rather Than 100% of One Deal with Ratan Khatri Jul 02, 2018

Show notes

Ratan Khatri is a strong believer in the power of leveraging other people's money through syndication. He's recently completed his first syndication with the purchase of 50 single family homes in Muskegon, Michigan, and he'll be investing in Senior Assisted Living, Mobile Home Parks, Self-Storage, and Multi-Family through syndication as well.

Today Ratan & I discuss his philosophy of investing, and why he believes its better to own 10% of ten things rather than 100% of one thing. Ratan also shares his thoughts on the economy and why he's investing in different asset classes. You'll also learn how Ratan has added additional value to his real estate through simple upgrades and improvements.

Ratan is also the owner of RKP Management, which manages over 200 homes in Muskegon, Michigan, with an emphasis on helping veterans and low-income families. Ratan has been active in improving tenant screening in the Muskegon area, and those efforts have been paying off with decreased turnover for his & other's properties.

Ratan also discusses the immigrant experience, and why certain immigrants are so successful after moving to the United States. You'll learn what separates America from the rest of the world, and why our streets are 'truly paved with Gold'.

I know you'll enjoy this episode and the wisdom Ratan has to share. You can contact Ratan through his property management company, linkedin, or phone:

http://www.rkpmgt.com/

231-206-1181

EP128 He started with $7 Dollars and now runs a $172 Million Dollar Multi-Family Portfolio. Syndication, Salesmanship and Real Estate Success with Vinney Chopra Jun 25, 2018

Show notes

Vinney Chopra came to America with $7 dollars in his pocket and a dream. Today he Asset Manages a $172 Million dollar portfolio of Multi-Family Properties. He's done over 26 syndications and has over 3,100 apartments under management. The great thing about Vinney is that he can raise $6 to $10 Million dollars without breaking a sweat, but he remains humble and friendly and willing to share how he does it.

In today's conversation Vinney will tell us how he went from being a failure at door-to-door sales to buying thousands of doors through syndication. You'll learn how Vinney talks with potential investors and the techniques he uses to raise millions of dollars. We'll also discuss the importance of salesmanship and the marketing tips Vinney has learned along the way.

Vinney also shares the return-on-investment he shoots for with his investors, why he started his own property management company, and the people and books who have influenced his thinking in a positive way.

Vinney is one of the most positive and inspiring people you'll ever meet, and I know you're going to enjoy this conversation. You can learn more about Vinney by checking out his website:

http://vinneychopra.com/

EP127 A Full-Time Flipper who's End Game is Buy & Hold Multi-Family with Calvin Beeke Jun 18, 2018

Show notes

Calvin Beeke left college to become a full-time entrepreneur, found success with a business he created, and then decided to become a full-time real estate investor.

Within a short span of time, Calvin has dived right in. He likes to have three flips going in any given period: one that he's just purchased, one that is being rehabbed, and one that is being sold. At the same time, Calvin is building his Buy & Hold portfolio of value-add investments with a focus on mid-sized Multi-family. He owns 17 units on his own, and over 50 units with his investment partners, ranging from a duplex up to a 24 unit Multi-family.

Today Calvin and I discuss how he gets his leads and finds his deals, how he's increased his Net Operating Income by increasing rents and lowering expenses, and the value of purchasing your own laundry machines.

Calvin also takes us through the numbers on a 12-unit he purchased in Lowell Michigan and the mystery of his extraordinarily high water bill. We also discuss the pro's and con's of Freddie Mac and Fannie Mae loans and the different terms to pay attention to.

Calvin has built a profitable portfolio quickly, and I know you're going to enjoy learning how he did it. Enjoy the episode and please take a moment to give us a review & rating on itunes.

EP126 Exit Strategies and Transition Planning for Real Estate Wealth with Bobbi S. Hines Jun 11, 2018

Show notes

Real Estate investors are quite often focused on acquiring assets and building their portfolios. But how often do we stop to think about our 'end game', and when and how we'd like to wind down our investments?

Transition Planning is an important part of every investor's game plan, and having a team that consists of a real estate attorney, CPA, and financial planner can be very helpful in putting this plan in place.

Bobbi S. Hines is an attorney, and a member of Kreis Enderle's Estate Planning and Elder Law Practice Group, and she's in the studio today to discuss transition planning for real estate investors.

We'll be talking about the different transition options investors and business owners consider, how you should be planning your transition plan now, and the mistakes people make in laying the groundwork for their transition plans that can have disastrous consequences for their business and their heirs.

Bobbi will also be teaching the RPOA's "Transition Planning for Real Estate Wealth" course at the RPOA's Grand Rapids office on Tuesday, June 19th @ 10am. You can register for this class by going to www.rpoaonline.org.

You can also contact Bobbi directly by email or phone:

bshines@kehb.com

616-254-8419

There's a lot of great information packed into this episode that every investor and business owner should be considering and planning for. Enjoy!

EP125 Overcoming Tragedy and Bankruptcy and Surviving the House from Hell with Jeremy Garcia and Melanie Hall Jun 04, 2018

Show notes

Jeremy Garcia and Melanie Hall's path to real estate investing is very different than what you might expect from two successful entrepreneurs. Both have had to overcome the self-doubt and lack of confidence that many of us experience when starting down this road, but Melanie also faced tragedy and bankruptcy along the way.

Today they share their stories of working through that initial bankruptcy with the help of credit restoration companies and the RPOA, the House-Hack that made a $70,000 profit, and the house from hell that the city told them was on fire.

Jeremy also runs us through the numbers he looks for when making an investment and tells us about the police report he just filed on a contractor who was making unauthorized charges on his Home Depot credit card. Melanie explains why color is so important to making their homes feel inviting, and we discuss the purchasing power of women and why all rehabs should be done with them in mind.

This is a great episode to get to know two very interesting RPOA members and hear their true story. Jeremy also owns a landscaping company, and if you'd like to learn more about his services you can contact him through email:

jeremy.jmlandscaping@gmail.com

EP124 Get That Property Out of Your Name and Other Asset Protection Advice from Scott Smith May 28, 2018

Show notes

Statistics tell us that one-in-four Americans will be sued in their lifetime, and Real Estate Investors are targeted even more frequently. So what can we do as investors to protect ourselves and our investments?

Our guest today, Scott Smith, is an Asset Protection Specialist and owner of Royal Legal Solutions, which provides business, tax and legal solutions geared exclusively toward real estate investors. Scott is going share his asset protection strategies, as well as stories from the front-lines of the legal system.

Scott will share his advice on why you shouldn't hold your property in your personal name, using trusts to shield your assets, traditional v.s. series LLCs, the importance of accurate accounting and how to avoid piercing the corporate veil.

Scott will also tell us why insurance is not a substitute for asset protection and has a $4 million dollar horror story to prove it.

If you own rental property you need to protect yourself and your investment. This conversation is a great place to start.

Scott can be contacted through his website, email & phone #:

https://royallegalsolutions.com/

Scott@royallegalsolutions.com

512-757-3994

EP123 The Benefits of "Do-It-Yourself" Multi-Family Management with Ric Conkey May 21, 2018

Show notes

Ric Conkey is a true "Do-It-Yourself" Landlord and Multi-Family Investor who grew up helping his father manage their family's rental properties.

Today Ric shares the secrets he's learned over the years on maximizing rent, decreasing turnover time, and marketing to tenants. He also shares the frustrations of being on call for maintenance and repairs, waiting for cleaning crews, and sorting through multiple keys for his 14 units. We also talk about laundry income and the pro's and con's of owning your own machines.

Ric is also a home appraiser for Real Value Group and will give you the inside scoop on how to maximize your properties' appraised value. Ric and I also discuss his epiphany on retirement and how it relates to his passive income from owning real estate.

There are many great nuggets of wisdom in this conversation that will definitely add value and real estate knowledge. If you'd like to contact Ric, his phone # is 616-813-8952, and his email is rconkey@comcast.net

EP122 Breaking the Golden Handcuffs of a Well-Paying Job and Getting Started as a Real Estate Investor with Lane Kawaoka May 14, 2018

Show notes

Lane Kawaoka is an engineer by day, but whenever he's not on the job, he's full-on into Real Estate Investing as the owner of MPFE Investments which is focused on value-add multifamily apartments.

Lane and his partners own over 626 units and he's raised over $2 Million from private investors.

Today we're going to discuss the steps Lane is taking to break the "Golden Handcuffs" of his high paying job, why its important to get started investing, even if you're buying a mediocre single-family, the reasons he doesn't like 1031 exchanges, and the three ways a deal can fail.

Lane also lives in Hawaii, and explains how he's able to invest in other states. He also describes his transition into commercial real estate investing and how he learned to talk with brokers and find strategic partners in new areas. You'll definitely pick up a lot of great information from this episode that will help you in whatever type of investing you're interested in.

You can contact Lane through his website or email:

http://simplepassivecashflow.com/

Lane@simplepassivecashflow.com

Enjoy the show!

EP121 How to Avoid Losing Your Property to the Bank: Debt, CapEx, and Conservative Real Estate Investing, with Tyler Lyons, Justin Workman and Rob Minch May 07, 2018

Show notes

Tyler Lyons has acquired and rehabbed three houses in the Grand Rapids, Michigan area, and in the process he's added substantial value to each one. Tyler's goal has been to "BRRRR" - Buy, Rehab, Rent, Refinance, and Repeat. But when it came time to put financing on those properties, he wanted to make sure he avoided the pitfalls that led many investors to lose everything during the Great Recession.

How much debt on your rental properties is safe? Should you keep a good amount of equity in your property, or pull out the maximum in order to buy more? What's better, a 15-year mortgage or a 30-year? And are investors making the same mistakes in financing that were being made leading up to the last recession?

These are questions that need to be taken seriously, so who better to help answer them than "Friends of the Show" Justin Workman and Rob Minch. Justin and Rob join Tyler and me in the studio to perform a bit of Real Estate Therapy and Counseling.

Rob calls on his lending background to compare today's loan environment to the one ten years ago. Justin breaks down just how much money Tyler needs to keep in Capital Reserves for his rentals, and what that means to his ROI. And Tyler shares the process he went through in building his portfolio.

This is a great episode that I know you're going to enjoy. And I guarantee that Justin's CapEx breakdown will make you rethink how much money you should be keeping in reserves for your properties.

And if I may ask a favor, please take a moment and go to itunes to give us a rating and review. This will help us increase our listener-ship and continue getting great guests.

EP120 Following Robert Kiyosaki's Formula: Entrepreneurship, Passive Income and Turn-Key Rentals with Jack Gibson Apr 30, 2018

Show notes

Jack Gibson knew early on that having a job and working for someone else just wasn't in his destiny, so he sought out alternative paths to creating wealth.

By the age of 21 Jack was running a successful multi-million dollar business coaching clients on effective nutrition and fitness strategies. Then he realized how profitable real estate investing could be. Now he's the Co-Owner of High Return Real Estate, LLC out of St. Joseph, Michigan, and he's passionate about helping other investor find high-yield cash-flowing properties and investing in them passively.

Today Jack and I discuss his early beginnings as an entrepreneur, Multi-Level Marketing businesses and the important lessons they thought him in sales and marketing, and the effects reading Robert Kiyosaki's "Rich Dad, Poor Dad" had on him.

Jack also shares the types of returns he strives for in his turn-key properties, the importance of finding the right team, and the $60,000 mistake he made on one of his early investments.

I know you'll enjoy this episode. You can contact Jack through his website:

https://highreturnrealestate.com/

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