Best Real Estate Investing Advice Ever

Precious metal investing, that’s what we’re covering today. Ken is an expert and owns a company that helps people invest in precious metals. He’s sharing the benefits of precious metal investing with us today, even if you never pay him for services or products, he shares great information for you to think about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We ship over 80% of our orders the same day” - Ken Lewis

Ken Lewis Real Estate Background:

  • Results-oriented professional with more than 25 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500
  • Chief Executive Officer at APMEX, the largest precious metals retailer in North America
  • Based in Oklahoma City, OK
  • Say hi to him at https://www.apmex.com/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1650_-_Ken_Lewis.mp3
Category:general -- posted at: 11:52am EDT

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers

Terry Lammers Real Estate Background:

  • Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company
  • Had 11 different companies he grew to $40 million in annual sales before selling in 2010
  • Based in Fallon, IL
  • Say hi to him at http://www.innovativeba.com/bestever

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1649_-_Terry_Lammers.mp3
Category:general -- posted at: 9:37am EDT

For Follow Along Friday this week, Joe is sharing some favorite lessons he learned while doing his interviews for the podcast last week. You’ll hear tips from multiple investors, all with a different skill set as it relates to real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Lessons Learned:

Alan Fruitman: Stay in your lane

Jake Stacy: Having proper insurance

Jason Palliser: Executing on deals

David Greene: Cash flow is the defensive mechanism in the single family space

Best Ever Tweet:

“Cash flow isn’t the best thing to think of when buying single family homes, rather it’s the equity appreciation”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1648_-_Follow_Along_Friday.mp3
Category:general -- posted at: 9:29am EDT

Final episode of the financial statements segment of the Syndication School series. Theo will be talking about more, you guessed it, financial documents. He’ll finish breaking down the OM today, and finish the episode with useful underwriting tips as it pertains to the entire financial statement series. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Compare their pro forma to their pro forma”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1647_-_SS_44_-_Series_15_-_Part_6.mp3
Category:general -- posted at: 11:08am EDT

Part 5 of our 6 part series on apartment financial statements. Theo will be covering a few different documents today, including the OM. So without much more explaining from me, hit play and learn more about the financials from Theo. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The listing agents MIGHT leave some things off the OM to make more money”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1646_-_SS_43_-_Series_15_Part_5.mp3
Category:general -- posted at: 9:17am EDT

Frank Roessler, for Best Ever Listeners that don’t know, is the Founder of Ashcroft Capital, and managing partner along with Joe. Recently, they finished a business plan and sold a deal, now we get to hear their case study discussion. This will be a normal segment on the podcast, whenever Ashcroft sells a property, we’ll hear the details from Frank and Joe! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Frank Roessler Real Estate Background:

  • Founder of Ashcroft Capital
  • Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments
  • Based in NYC
  • Say hi to him at ashcroftcapital.com

Best Ever Tweet:

“You can do everything else right, but if you can’t execute, you can really screw up an investment” - Frank Roessler

Learn more about Frank:

JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1645_Case_Study_1_Timberlodge.mp3
Category:general -- posted at: 9:00am EDT

At a very young age Igor has figured out how to build a consistent and profitable house flipping business. Not only has he been exceptional at networking and establishing advantageous business relationships, his business is structured smartly and his team is performing very well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“At the time I didn’t know what a quit claim deed was, we learned our lesson on that one” - Igor Kajpust

Igor Mike Kajpust Real Estate Background:

  • 22 year old full time investor specializing in SFR
  • Purchased $8.5M of flips in 2018 across 35 flip deals, sold 20 of them in 2018 for $1.15m profit and have $1.25m in equity in the remaining 15
  • Goal is to do 500 sfr deals in 2019
  • Based in LA, CA
  • Say hi to him at http://amoove.com/
  • Best Ever Book: Principles

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1644_Igor_Mike_Kajpust.mp3
Category:general -- posted at: 9:32am EDT

The Blockchain. You’ve heard of it, you may know a little about it, now how can it help us as real estate investors? Matthew has built a company that helps people invest in real estate all over the world without a third party. We’ll walk through a case study of what one can expect if using the blockchain to invest in real estate with his company. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We’ll buy some of the equity in your home, you pay us back when you sell” - Matthew Sullivan

Matthew Sullivan Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1643_Matthew_Sullivan.mp3
Category:general -- posted at: 11:35am EDT

Many people would like a way to invest in real estate and pay less taxes. Well what a lot of people may not know, is that they may have the capital available to do this, they just have to move it around, get it into a self directed IRA, and have some professional guidance. Listen in for tips on executing this strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“South Dakota and New Mexico are the best states to get a license in” - Edwin Kelly

Edwin Kelly Real Estate Background:

  • Expert on Self Directed Retirement accounts and self-directed investment strategies
  • CEO and Co-Founder of Specialized IRA Services
  • He has more than 24 years of experience in the Financial Services Industry
  • Based in Albuquerque, NM
  • Say hi to him at https://specializediraservices.com/
  • Best Ever Book: Losing My Virginity by Richard Branson

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

 

Direct download: JF_1642_Edwin_Kelly.mp3
Category:general -- posted at: 11:13am EDT

We’re just getting back from Denver and the Best Ever Conference. Joe is sharing his top lessons learned from the conference. Some surprising lessons learned from a comedian, and other real estate related lessons. We’ll also get updates from the two of them on their businesses, and how their lessons can help us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He took advantage of a situation that he was presented time and time again, and turned it into an asset”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1641_Follow_Along_Friday.mp3
Category:general -- posted at: 8:44am EDT