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Ever wonder how "Turnkey Investing" REALLY works? Well, let me briefly explain...
Turnkey Rental companies offer you a product. Hopefully the work is completed, hopefully the tenant is vetted and actually pays, and hopefully the management company which is sometimes ALSO the "Turnkey" Company actually does a good job and collects rent and manages the property appropriately. The 'good' ones make this happen consistently and provide a nice, profitable, hands-off investment for their clients, aka you as the investor.
You as a buyer don't know how much the turnkey company paid for the asset, how much work went into it cost-wise, you can't really have a good gauge of the quality of the work other than what you can see to the naked eye. And you don't know how much profit the turnkey provider ends up making in the end of your investment.
Now comes Lee Smith from Spouses Buying Houses, which you can find at www.spousesbuyinghosues.com
Lee offers full disclosure throughout this investment process, he provides all the same services that a turnkey provider offers, but you make all the decisions and you control the flow of the asset, from start to finish.
Lee finds you the houses, you set the offering price. You get a full HD video of each asset you are interested in.
Lee offers contractor bids on the project, you decide what you want to fix or not. The entire process is document in full 1080HD video, the work is quality control by Lee and his team, and the work gets done right through his large network of experienced contractors, AT THE BEST PRICE.
Lee rents out and manages the properties for you.
OR, you can control how much or how little Lee and his team handles for you. You want to swing the hammer? Go for it.
You want to rent it out and manage yourself? Go for it.
Full disclosure remote or local investor investing in one of the countries greatest markets.
Hear about it on this awesome podcast!
This AWESOME episode is with one of my long term contractors, friends, and investor partners Tim Jastrab of TMJ Asset Services on his ability to HUNT, STALK, and KILL some of the very few UNICORN deals left in existence and make some killer profits on his fix and flip deals!!!
I think the moral of the story is that making money in real estate investing all comes down to relationships.
Know the right buyers, sellers, investors, contractors, partners, money people, brokers and unicorns! It's a people business!!
Tim is a "newer" investor, originally kicking one fix and flips "A**" back before the crash of 2007, and now back at it again with 3 more under his belt in the last year and a half or so, making some clean killer profits.
If you want to have a unicorn horn in mounted on your wall someday, you don't want to miss this episode!
So I give a lot of hype to this conference... Here's a second opinion of what another investor thinks as we chat on day 3 of the conference, which also happens to be the day we are packing up to go home.
Meet Lee Smith, an Indianapolis investor and friend of mine, who owns and manages 150 units for himself and other investors.
- We discuss the state of the real estate market and where it's headed.
- Important information on what the "BIG" guys in our investment business are seeing.
- Where you should be looking to find your next deals, and where the "BIG" guys are not looking!
- What we've learned, where it's causing us to head, and what's next!
Stay tuned, check it out, listen up on and rate me on iTunes, Stitcher, Google Play, YouTube, SoundCloud, WHATEVER YOU CAN!
So I found an opportunity just before leaving for the IMN conference that is a 6 house package deal in the Chicago suburbs.
It's still available as of release of this podcast. The seller is offering to finance the deal for a 1 year term at 8% interest amortized over 30 years with a 1 year balloon on it.
Let's review the numbers and go over some of the value add/exit strategies on it.
Is it worth going after?
Review the numbers with me and let me know what you think...
If you're interested, call or email me @ joe@tanisgroupllc.com
If you have questions or criticisms, let's hear them.
Maybe YOU want it, maybe we can partner on it, maybe you can be the private lender on the deal.
Heading to the IMN Conference again this coming weekend, which runs from May 1st to May 3rd in beautiful South Beach Miami, Florida!
We review what the conference is all about, what it offers, and my plan to podcast LIVE from the networking sessions. You can review, sign up to attend, and learn more about the Single Family Rental Forum East here:
Also, I digress into what a "Sandwich" Lease Option is and how it's an example of a No Money Down type deal and how you may utilize it in starting out in your investment business.
Lastly but definitely not least, my goal to form an "Upper-Level" Mastermind group based in the Chicago area.
I've been thinking on this for 2 years, and as one of good friends tells me, when I mention something multiple times and keep talking about it for years, it generally comes to fruition.
I am calling out to all investors interested in being a part of this high level mastermind, which will meet monthly, during business hours, at private locations throughout the Chicago area.
The goal is to discuss partnership opportunities, dealing with challenges, working together to become even more financially successful in the future.
If you or someone you know are interested, email me at joe@tanisgroupllc.com
Today's guest, Chad York, is a former Firefighter/Paramedic from the suburbs of Chicago. Chad got his investing beginnings working with his father on projects around the house, including a full addition as a kid. Eventually he began working for another Firefighter who was rehabbing houses in the local area, obtaining a better understanding of general contracting, gut rehabs, and fixing and flipping.
Chad eventually started his own real estate investment business, BC Property Solutions, partnering with his father who's based in Indiana.
So far Chad has successfully completed 3 VERY interesting deals that all ended up being solid money makers and all very unique situations.
This is truly a podcast that discusses the SOLUTIONS that can be derived by overcoming the obstacles we all potentially face in the real estate investment business!
Wholesaling, fix and flipping, real estate investing, flipping houses, planning, building a team, motivation, education, real estate investor, buy and hold, landlord, landlording, cashflow
Today's guest, Salma Bhatti, starting investing in real estate a few years ago after being inspired by her family's previous success with rental properties and watching other flippers succeed through various media sources. So far she's completed 5 flips in the Chicago area, with flip #6 currently under contract to sell to a retail buyer, and flip #7 still under construction due to the scope and size of the project.
This episode focuses on getting started in investing, some of the challenges a new flipper can face in the real estate investing business, and ways to overcome them.
Vision, inspiration, desire, and motivation is an important aspect to any business, and flipping houses is no different.
If you are looking to get starting in real estate investing, this is an episode you don't want to miss as Salma's experiences are beneficial to hear for both the experienced and the inexperienced flipper.
Today's special guest is local Real Estate Investor and Broker Josh Brown. Josh has 10 years experience investing in the Chicago area, starting his own construction company after completing a degree in construction management and turning that into a successful construction company and real estate investment career.
Josh is like most of us, starting small, and utilizing not only his formal education but also his personal skill set to purchase his first buy and hold property 10 years ago, which was a "stacked" 2 flat property in the 'burbs of Chicago.
Realizing he could increase his career and earnings, as he continued to run his own construction company he began investing in Tax Liens in a few of the collar counties of Chicago earning on average over a 16% RETURN!
Josh and I discuss the pros and cons of working with contractors, vetting the right partners, working within Joint Venture agreements, RIGHTs and WRONGs of getting these Flip projects completed in order to insure you've created a maximum profitable opportunity.
A few show notes on this one:
The Magic of Thinking Big
7 Habits of Highly Effective People
Personality Plus
The 16% Rule
Tax Liens: The Total Process to Buying, Selling, and Assigning Tax Liens
Another INFAMOUS Episode!!! Don't miss it!
Rich has looked at over 8000 houses, flipped 650 since beginning his investment career, and has a rental portfolio of 139 houses and still runs his HomeVestors Franchise…. Where did that lead him?
Rich saw an opportunity and a need in the real estate investing market—Hard money lending with a personal spin.
Today we are going to talk about his personal real estate investment business, the importance of working with brokers for proper analysis of your deals, and having the right people on your team, and his 10 million dollar lending business. We discuss getting "ready to get ready", understanding the process, doing your homework, working with contractors, borrowing from his company, RMAC Lending, and making the RIGHT improvements to expedite a sale when your rehab is finished. Terms covered include Hard Money Lending, a Scope of Work and it’s importance, and working (or not) with Project Managers.
Rich funds 100% of the purchase price, 100% of the rehab costs, and meets with each investor every other month at a minimum. No down payment needed. Check out his website @
www.rmaclending.com for more information on adding Rich and his team to your real estate funding options for your next fix and flip project.
“Sometimes the Best Deal You do is the Deal you DON’T Do” is one of the many great nuggets that Rich brings to light.
Today's Episode is a little bit different compared to most, other than you've only got me on the show...
We review and update the audience on the outcome so far on IES Radio #37: The Art of the Note Deal. Stay tuned for more on that...
We discuss one of our investor's recent AWESOME CASHFLOW acquisition in one of the local suburbs of Chicago which results in a 32% CASH ON CASH RETURN!!! And over $600 a month in cashflow!!!
Lastly stick around for this last tidbit about saving money on buying your materials from a unique and most likely overlooked store.
Short and sweet... Rate me on iTunes and Stitcher!
I know when I first got into real estate, dealing with mortgage notes as a buyer, seller, or investor was the "8th" Wonder of the World.
In this episode we review:
-What is a Non-performing and Performing Note
-Where to find them
-How to invest in them
-Educational resources available to all of us FOR FRIZZLE! (free) :)
-The POTENTIAL income streams you can create with them
In the final segment I review a recent deal I invested in and what my plans are to profit from it!
If you're interested in getting involved, reach out!! Stop sitting by on the sidelines and take some action! We need more investors, buyers, rehabbers, landlords, private lenders, and contractors!!!
Today on the Investor Empowerment Series Radio Show #36 I interview 30+ year investor and real estate broker Rick Harper, of Harper Real Estate Inc. on his years of experience, buying his first property in Oregon at the age of 16, succeeding with rental properties and investing in the Florida market for MASSIVE CASHFLOW!!!
Rick offers a full service "turnkey" style product if that's what you're looking for, or a situation where you can take on as much responsibility and work as you choose.
Most importantly, he emphasizes the need to TAKE ACTION and make smart investments to retire on!
Another NO-MISS Episode!!!
Know your market...
Know your Buyer...
Know your Finishes...
Listen up to learn how to find the right deal and finish it right.
On Today's episode of the Investor Empowerment Radio Show we break down the numbers on one of the completed rentals that you can find on my youtube channel if you'd like to see what it actually looks like from start for finish.
Start of the project: https://youtu.be/HPX0WiwWlvI
Mid-way through:https://youtu.be/frrKC6JTsdI
Final Walk through: https://youtu.be/uQSryOcPs7U
We break down the 'structure' of the deal, the acquisition, private money component, the 'rough' costs and the final numbers after the refinance is completed.
Also, on the 2nd half of the episode, I break down the possibilities of another 'wholesale' type deal that is exceptionally unique. It's allows for an investor or wannabe investor to get in at a low money down, zero credit, no loan type opportunity. Open your EYES and your EARS and listen to the opportunity!
In this episode I discuss "running your business like a business." Too many investors get ready to jump, and dip their toe in the water, or maybe get up to their knees, and then don't know where to go next. After thousands of dollars worth of education, and enough information to be dangerous, and hours of time spent figuring things out... Now what?
Some need a kick in the *ss, some need some direction, maybe on this episode I can help with both.
We will cover scheduling your day, following up with leads, generating leads, and treating your business a an actual entity that needs to surpass your day to day grind and start running on it's own.
Today's guest is Mike Todd, founder of IRA Innovations.
I know that I really don't know what I don't know... This is the first guest I've had on the show that covers the basics of how self-directed IRA's and 401k retirement funds work. And it's an eye-opener!
I gotta admit I have been dragging my feet for years on taking advantage of this great opportunity, and now I have a goal to get mine set up for 2017, as a matter of fact by the end of the month of February.
Can you take the Tax Free retirement challenge and build your IRA account to over $1,000,000???
So, have you ever been burned by a contractor? Are you considering getting started on your first rehab project and need to find some contractors? Or are you dipping your little piggy toe in the water figuring out how this all works with contractors when rehabbing a property...???
This is the podcast for you... Today I discuss the "Down and Dirty," Nitty-Gritty, let's kick some 2017 A** Committee points that you want to utilize, consider, write down and bring to the table when rehabbing a property.
Whether you are salty & seasoned or sweet & supple to this game, Working with Contractors is a CRUCIAL part of the real estate investing business.
And you don't want to miss out on the description of and method to employ your own "Big Box Store" Spreadsheet for your investment business.
Questions? Contact me @ joe@tanisgroupllc.com
Today's guest is Mark Ferguson, an Investor, Author and Real Estate Broker based in Colorado. Mark's been involved in real estate in some way, shape, or form since he was kid and now owns 16 rental properties and has flipped 120 Properties, while maintaining a successful real estate brokerage that sells several hundreds of homes per year.
Mark and I dive into discussing how he obtains his funding and the story behind building those relationships, his advice for the listeners just getting started, and his goal to own 100 rental properties. He's currently working on 16 flips he's managing AT THE SAME TIME!!!
Mark has written several books including "Build a Rental Property Empire" and maintains an AWESOME website and blog at www.investfourmore.com
I shouldn't have to say it... Don't miss it!!
Today’s Guest is Real Estate Entrepreneur and Author Mitch Stephens, a visionary and leader in the field of owner financed transactions. Mitch is currently buying about 100 houses a year in which many end up as seller financed deals in his portfolio and has bought over 1500 houses in his massive real estate career spanning over 20 years.
The author is the 3 book series “My Life and 1000 Houses,” Mitch has been blowing up the San Antonio market and as of late has been all over the podcast, media, and mentoring waves throughout the country. He’s a founding father when it comes to current real estate investing owner financing techniques and comes to your listening pleasure today to truly “Dissect” the Owner Financed Deal. Don’t miss this one.
Visit www.1000houses.com to see Mitch’s Website
Get information on special discounted new funding by clicking here: www.tanisfunding.com
Today our host Joe Mueller interviews Bill Powers from RTO Property, a Waukegan, Illinois based real estate investment business focusing on creating home ownership and improving & preserving communities in the Northern Illinois area.The cool story behind Bill's business and his strategy is that like most investors, it all started with one property and a dream. Bill created a business model that generates above average rents per property, turns tenants in to homeowners, and improves the neighborhoods he invests in! All properties are fully renovated completely with new kitchens, bathrooms, flooring, windows, fully/partially finished basement, landscaping and more. And all homes are then sold via Bill's Rent To Own Strategy.If you are interested in learning how you can apply this method to your business, create growth through refinancing and help others in the process, download this podcast!Bill's website can be seen here: www.rtoproperty.com
Eddie Mccracken, guest on IES Radio Show #6 is back again to offer his views, opinions, and experiences on the Governmental Section 8 program after hearing my podcast covering the topic on episode #18.
We touch on some of the "gray" areas to look out for, dealing with tenants on section 8, lease renewals and auto-renewing with section 8 tenants.
A few other tidbits are his new recommendation on managing VA's for your real estate investing business, as well as my "CALL OUT" for sponsorships for my meetup group www.investor-empowerment-chicago.com and the new lender I began working with that I can bring to you, our listeners.
Please contact me directly at jmueller@tanisgroupllc.com for more information.