Thanks for Supporting me in 60 AWESOME episodes...
Today's podcast: Financing Options for Real Estate Investors!
Options for buyers with bad credit and no money:
Take over payments i.e. Subject2
Contract for deed (Installment land contract)
Partnering with qualified person and contribute labor
Credit repair in process
Options for buyers with reasonable credit and little or no money:
Consider all options above
$100 down payment for HUD owned homes, repairs included if using 203k loan
USDA no down payment mortgage
IHDA down payment grant (Currently $9,000)
Loan obtained from IRA
100% funding from companies like Pathway Financial
Options for buyers with some money or assets and reasonable credit:
Consider all options above
Standard mortgage (This is the cheapest source of funds)
Home equity line of credit
Line of credit from bank or asset based lender
Joint venture with other able investors
Options for seasoned investors to accelerate objectives:
Consider options above
Commercial line of credit
Self-managed real estate IRA
Establish a capitalized corporate entity
On Today's SUPER AWESOME show we interview our guest Mark Faustrum, a newer investor getting his start about 1 year ago and already taking on 6 deals under his belt.
Mark is still currently employed with a Full Time J-O-B working as an emergency dispatcher for police and fire departments in the suburbs of Chicago, jumped in headfirst, without any formal real estate investment education, and is on strong path to success. That's right, no bootcamps, BS, or billions spent making other people money.
Mark "accidentally" fell into his first deal, a 2 flat owned by a co-worker's daughter, and after evaluating the numbers, realized that if he owned a few more like that one, he could potentially subsidize his income exponentially.
This is a great episode for those wondering if it's possible, what it takes, and how to manage getting started in real estate investing while still employed for the "man." (Or "woman.")
Mark started off buying his first deal with conventional financing, and since has utilized hard money, "delayed" financing, and cash.
Another episode not to be missed
On this episode of the Investor Empowerment Series Radio show we cover something I titled "Finding Deals in Your Spare Time... If there is such a thing!"
Point being, when you have a free minute, maybe on a lunch break, maybe at night after the kids go to bed, maybe when you wake up at 430am because you just read the book "Miracle Morning" by Hal Elrod, take some time dedicated to your real estate investing business.
I find that spending just 10-20 minutes a day scouring the internet, MLS, web based auction platforms, etc. Often leads to increased familiarity with your local market and better understanding of "what" a deal looks like. When you're just browsing as you'll start to notice trends, up and down, of your local housing stock, which will assist you in determining on whether or not you should be making an offer on a property or getting access to inspect it.
I review my experiences over the last week when I took approximately 1 hour of my "spare time" while my kids were playing in their room and discovered 3 potential deals, 2 of which I offered on that day sight unseen, and 1 that was accepted.
Listen in to find out the details...
On today's podcast we review a wholesale deal that I am offering out to the listening public available in Elgin, Illinois. This deal has a profit potential of up to $50,000 depending on exit strategy. Tune in now to hear about the opportunity
If you're not interested in buying a property in Elgin, IL, then stay tuned as there is a twist that may interest you and I'd consider checking out no matter what city you invest in.
Rate me on iTunes and wherever else you can find me!
Contact me via email at email@example.com
So, I was inspired to record this podcast off of an article I read by Brandon Turner on Bigger Pockets, entitled "16 Tips to Getting Your Offer Accepted."
Thus the title of this podcast.
Full credit for all the ideas/materials/copyright, etc given to the boys over at www.biggerpockets.com
If you are struggling to get some of those offers accepted that your are hopefully continuing to follow up on, send out weekly, and low ball :)-- Check out this podcast which is based upon the article on Bigger Pockets of the same name.
And if you're not on BP, you need to be, and it's free.
Sign up today!
Today's guest on the Investor Empowerment Series Radio show is Jefferson Lilly of Park Street Partners. Jefferson and his business partner Brad have built a massive Mobile Home Park business totally 1540 pads in 19 different parks throughout the United States.
Jefferson is a self-made millionaire, mobile home park investment expert, educator and industry consultant.
Prior to Co-founding Park Street Partners in 2013, Jefferson spent 7 years investing his own capital, building his "unofficial" advisory board, owning and managing his own mobile home parks.
On today's show we discuss how to retire in 10 years by getting starting with mobile home parks, sourcing new park deals, and managing parks for maximum efficiency utilizing technology to simplify the business processes.
Thanks again for tuning in to another great episode!!
IES Radio #54 is ALL about our next meetup, in Algonquin, IL-
THE REAL ESTATE INVESTOR SHARK TANK!!! (with a twist)
Interested in dipping your toe in the real estate investor Shark Tank?
Join us on Tuesday, July 25th at 630pm at the offices of TANIS Group Realty in Algonquin for our PREMIER Shark Tank Meeting.
Are you looking for that missing piece in your investing business?
• Need a new contractor?
• Looking for Funding on your next deal?
• Interested in partnering or joint venturing on a deal?
• Have a deal to present to the group?
• Selling a property?
• Wholesaling a property?
• Need a mailing list for off market deals?
• Need a phone script?
• Need an Attorney?
• Need a Title Company contact?
• Need a cash deal contract?
• need list of web tools for real estate?
• Need someone to explain a deal they did from beginning to end?
• Need an insurance broker that understands real estate?
• Need guidance on a specific situation or mentoring on a deal?
The Shark Tank will begin promptly at 7pm, and is going to be a presentation style format for your "Ask," whether it be for a partner, funding, deal, etc. Please email firstname.lastname@example.org for the presentation worksheet template.
6:30 - 7:00 - Networking
7:00 - 8:00- "Shark Tank" Presentations
8:00 - 8:30 - Group Introductions
8:30 - ??? - Networking
As always, our goal is to network, network, and network with complimentary refreshments provided.
Joe and Dan
RE-POST!!! SORRY ABOUT LAST WEEK, The podcast got MESSED up big time and I sincerely apologize, CHECK IT OUT AGAIN
Summer breezes, cotton candy, babies laughing and smiling—It’s all so awesome isn’t it? All the TV wannabes make it look picture perfect and easy don’t they?
Well, most things are never perfect, and anything with any value is typically never very easy…
The real life of real estate investing isn't easy... It's never that simple and there are always complications that CAN and DO come up even on a simple purchase or sale of a property.
This deal put us through the ringer, up and down and 15 rounds with the Mohammed Ali of real estate let’s say.
Here’s a few takeaways:
-Go with your gut, if it doesn’t feel right, or your intuition is pushing you a different direction, strongly consider something may not be right.
-Always get a 2nd opinion even on simple day to day processes when there’s a potential change made to it—e.g. sending a wire without a title company
-When you make a mistake, learn from it, grow from it, gain knowledge from it and GET BACK UP again jump back in the ring
In Summary, we lost about $60000 on this deal, before we even bought the property if that makes sense! Hear the journey it took to get it back!!
After 51 Episodes, I need be honest, this is the one you NEED to hear. If you've never listened to my show before, and you're serious about investing in real estate, this episode you need to pay close attention to.
We interview a special guest, Rosario Terracciano, of ClickInvest.com and the system he's been working on, designing, and perfecting for years for his investor clients.
Originally formulated as a software assist to help scrub the MLS for deals and opportunities available for hedge fund type buyers, it's been tweaked, beta-tested, field-tested and made available to any investor!
Now this incredible system can be available to you.
My team and I personally vetted out this software system. We let it do the dirty work, saving time, effort, and effectively making and saving more money. Clickinvest.com sends you projected ROI's on the investment opportunities, capital expenses based on your lending and acquisition situation, closing costs and even rehab estimates based on the condition of the home, photos, and data compiled over the last several years evaluating thousands of houses on the market.
My "guinea pig" testing for your benefit has already found deals for my portfolio and my team is ready to jump into action to help you utilize it for yours.
As with anything with any value, there is a monthly cost-- if there wasn't I'd be questioning how it could perform to the level it does and continue to improve.
Use the code TANIS when you sign up and you get a special discount only offered to my listeners and clients.
Go to www.TANISinvest.com, use the coupon code of "TANIS" and sign up!
Lots of questions and a bunch of confusion comes along with working with wholesalers, including even on my side AS the wholesaler.
In this episode I update the audience on the outcome of the wholesale rental deal from IES49, and also we talk about what to expect when you're expecting to work with a wholesaler!
Cash is KING!!!
Super Duper Educational episode with my buddy and partner Dan Clarton from Riverside Hope!
-Dealing with multiple offer and highest and best offers on MLS Deals!
-How much should you offer in a H&B situation???
-Why do investors NEED to get their hands dirty?
-Where to find private money and how to structure it?
-Expectations when you attend a meetup, and what our expectations are from you!
And ALL the CHATTER in between in the special LIVE episode!!!
Thanks again for supporting 50 Episodes!!!
On today's episode we are going to take a very quick look at a currently opportunity I have available to any interested buyers out there looking to increase their holdings and build their rental property empire!
Today's deal offers good returns, from 18-31% depending on your play on this one, in a great area of Elgin, IL. Within walking distance to multiple amenities including the train station.
Though it's only a 2 bedroom, 1 bath, it's currently rented at $900 per month and a SAVVY investor would raise those rents to $1100 per month ASAP.
Listen up and check out this deal of the day!
If you are interested in viewing or buying the property, hit me up here:
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.
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 @ email@example.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 firstname.lastname@example.org
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
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!!!