Sun, 31 March 2019
Gerri has been involved in consumer credit education for many years, even writing a book on it. Gerri was hearing from real estate investors that people were getting scammed trying to get credit for their real estate business. She’s here today to explain how we can get credit for our businesses and how to spot a scam. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’m not aware of any major credit card issuer that issues a business credit card without a personal guarantee behind it” - Gerri Detweiler Gerri Detweiler 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. |
Sat, 30 March 2019
JF1670: Hiring The Right Remote Team Members To Help Your Business Grow #SituationSaturday with Nathan Hirsch
Nathan had a problem, he needed to hire team members and saw the need for others too. So he created a company to help provide good remote team members for businesses and people that need help. Hear his best tips as it pertains to hiring a new person. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on whether or not they are the perfect fit for you” - Nathan Hirsch Nathan Hirsch 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. |
Fri, 29 March 2019
A little bit of a change up for today’s Follow Along Friday, we’re having a guest on the show with Joe. John has been on the show in the past (episode 487) and is sharing some of the best things he learned in his business last week. Of course Joe will be sharing his best lessons learned last week too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I struggled in the beginning with saying “I’m not good at that” and would try to everything on my own” Listen to John’s Best Ever Advice: JF478: From Live-In Duplex to 13 Rentals ($1.5 MM)—In Three Years! John Casmon 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. |
Thu, 28 March 2019
Ryan and his team were focused on wholesaling and then flipping, and then got into buy and hold investments. He’s built a good sized real estate business and is here today to tell us how he’s been able to have great success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One of our acquisition guys gets 10-12% of the commission on something we sell” - Ryan Dossey Ryan Dossey 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. |
Wed, 27 March 2019
JF1667: The Ins & Outs Of Commercial Real Estate From A Top 10 Commercial Broker with Bethany Babcock
We get to hear from a commercial broker today who is top 10 in both leasing and investment sales in San Antonio. Bethany founded and is the co-owner of a full service commercial firm. We’ll also hear from her on the importance of finding a good mentor to help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Integrity first and foremost, after that persistence” - Bethany Babcock on what separates a good broker from a great broker. Bethany Babcock 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. |
Tue, 26 March 2019
There are alot of note investors, both performing and non-performing. DeAnn is here to tell us more information on the strategy. We’ll hear what to look for both good and bad, and also how to know what the worst case scenario is. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t fall in love with your deal, every time I see someone do this, they make a mistake” - DeAnn O’Donovan DeAnn O’Donovan 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. |
Mon, 25 March 2019
We’ve have talked, and will continue to talk extensively about the syndication process with real estate. For the most part, everything we talk about pertains specifically to multifamily syndication. We’re talking syndications again today, but this time it’s in reference to farm land. Chris and his company help farmers get farm land by helping them raise money via a syndication structure. Chris tell us about the different hurdles he and his company have to overcome to make these deals happen, with a great explanation of “cow math”. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ve seen one multifamily deal, you’ve seen them all, you see one agriculture deal, you’ve seen one agriculture deal” - Chris Rawley Chris Rawley 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. |
Sun, 24 March 2019
As a previous guest, Rock already shared his Best Real Estate Investing Advice Ever. Today he’s back for a Skill Set Sunday episode because he wants to help more people. We’ll hear Rock discuss how people can get started in real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You could make $1000 passive-ish income” - Rock Thomas Arvin (Rock) Thomas 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. |
Sat, 23 March 2019
JF1663: The Easiest Way To Handle Your Real Estate Taxes #SituationSaturday with Devin Redmond & Thomas Castelli
Today we have two guests with us today to discuss real estate taxes. Stessa is our sponsor and also our guest today, along with Thomas Castelli, an investor, CPA, and tax strategist. So hit play to hear the easiest way to handle your taxes and hear about the new laws. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!
Best Ever Tweet: “You really want to be taking a proactive approach throughout the year” Devin Redmond & Thomas Castelli Real Estate Backgrounds:
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_1663_Devin_Redmond__Thomas_Castelli.mp3
Category:general -- posted at: 12:44pm EDT |
Fri, 22 March 2019
Tom and his company specialize in hospitality and restaurant brokerage. That’s where Tom built a career for many years before the long hours and his family made him want to make a change. With 30 years of restaurant and night club experience, Tom is the perfect partner for investors who are looking for restaurant deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You buy quality real estate and you’ll make a lot of money if you hold on” - Tom Prakas Tom Prakas 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. |
Thu, 21 March 2019
JF1661: How To Underwrite A Value-add Apartment Deal Part 4 of 8 | Syndication School with Theo Hicks
Today’s syndication school is continued over from yesterday’s episode. Theo will cover the rest of the assumptions you will be setting. So dive in and hit play to learn more about how to do an apartment syndication deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Landscaping is one of the first things that people see when they come to your property so you want to make sure it is nice and clean” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. |
Wed, 20 March 2019
JF1660: How To Underwrite A Value-add Apartment Deal Part 3 of 8 | Syndication School with Theo Hicks
Time to start learning about setting assumptions. You’ll be setting a few assumptions when underwriting value add apartment syndication deals. Theo will be discussing those assumptions, and how to accurately set them in today’s Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re doing a deal that’s smaller than 250 or 200 units, you can use the 1.75% number” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator
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Tue, 19 March 2019
One of the most popular ways to get started in real estate is through house hacking. This is how Chad got his start as well, only he did it a little different. Usually, someone will purchase a multifamily property and live in one of the units while renting out the other unit or units. Chad needed someone to help pay the mortgage so his friend moved in and his rent paid almost the whole mortgage. That got chad started and he quickly set out to get more property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I had the company as an insurance blanket and it bailed me out a couple of times” - Chad Hudson Chad J Hudson 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. |
Mon, 18 March 2019
Daniel and his parents immigrated to the United States in 1999, they faced tough times growing up as the family struggled financially. Daniel bought his first deal specifically for his parents and their retirement at the age of 22. Now he’s scaled his business to owning 75 units and is also fixing and flipping multiple properties at the same time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When I first got into real estate, I only wanted to learn, I wasn’t even hungry for a deal” - Daniel Kwak Daniel Kwak 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. |
Sun, 17 March 2019
Adam is here to talk fundraising with us today. Not necessarily fundraising to purchase real estate, but rather for non profit organizations. Adam and his company use real estate to raise the money for different charities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They usually make as much or more than if they rented it out” - Adam Capes Adam Capes 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. |
Sat, 16 March 2019
Taxes are an inevitable part of running a business, sometimes things can go wrong. When the IRS comes knocking, it’s better to be prepared. Shanyn has helped her clients and is here to share some tips with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re handing an IRS agent a copy of your bank statement that has co-mingled business and personal funds, that opens up all of those transactions for scrutiny” - Shanyn Stewart Shanyn Stewart 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. |
Fri, 15 March 2019
Joe and Theo are back for another round of Follow Along Friday. Today, Joe is sharing his best lessons learned from last week, when he interviewed nine people for the podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When you come up with a good life number, you can put together a plan to reach that number” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. |
Thu, 14 March 2019
JF1654: How To Underwrite A Value-add Apartment Deal Part 2 of 8 | Syndication School with Theo Hicks
Today’s episode covers part four of seven on our value add apartment underwriting strategy. If you didn’t listen to yesterday’s episode, you should. Theo began covering the underwriting process so you’ll want to hear that first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You don’t want to spend too much time investigating one small assumptions” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator 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_1654_-_SS_46_-_Series_16_-_Part_2.mp3
Category:general -- posted at: 12:11pm EDT |
Wed, 13 March 2019
JF1653: How To Underwrite A Value-add Apartment Deal Part 1 of 8 | Syndication School with Theo Hicks
Theo has covered a ton of details so far for apartment syndication deals. Today we’ll start learning about the actual underwriting process. Steps 1, 2, and 3 are covered today, with more to follow! PLUS we’re including a free simplified cash flow calculator for you to practice your underwriting with, can be used along with these episodes to follow along. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You want to make sure the T-12 is current” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator 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_1653_-_SS_45_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 10:46am EDT |
Tue, 12 March 2019
Sometimes getting creative is necessary to make a deal work. Zach and the company he works with, only do creative deals, or as he says they buy on terms. He has three primary creative financing strategies; lease purchase, owner financing, and subject-to. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Ideally on a subject-to deal, it’s going to be a long term deal” - Zach Beach Zach Beach 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. |
Mon, 11 March 2019
Ari decided to take more control of his financial destiny, so he began investing in real estate. We’ll hear his story of working full time at a job while working on a real estate portfolio part time. For most of us, this is how we get started, and hearing a successful example to follow can help anyone who wants to be in the same situation as Ari. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Identify your niche and competitive advantage and leverage it very aggressively to differentiate from the crowd” - Ari Ari’s 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. |
Sun, 10 March 2019
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:
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. |
Sat, 9 March 2019
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:
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. |
Fri, 8 March 2019
JF1648: Top 4 Lessons Learned From A Week’s Worth Of Interviews #FollowAlongFriday with Joe and Theo
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. |
Thu, 7 March 2019
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 |
Wed, 6 March 2019
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. |
Tue, 5 March 2019
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:
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 |
Mon, 4 March 2019
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:
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. |
Sun, 3 March 2019
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. |
Sat, 2 March 2019
JF1642: Leveraging Self Directed IRA’s For Real Estate Investments & Paying Minimal Taxes with Edwin Kelly
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:
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.
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Fri, 1 March 2019
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. |