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Not everyone has the ability to be a part of such a great gathering of Real Estate Investing Minds... That said, I am bringing it to you.
Today's podcast is a LIVE recording of the panel I moderated at the IMN conference on Dec. 6th, 2016, in Scottsdale, Arizona with Panelists as follows:
Chris Davis and I are broadcasting LIVE from the Arizona Biltmore Hotel in Beautiful Scottsdale Arizona, originally owned and designed by the Wrigley Family of Chicago (yes, that family) at the IMN Single Family Rental Forum Conference West. This incredible experience is enlightening, motivational, inspirational and frankly provides that extra kick in the "*ss" that keeps the engine firing on all cylinders!
Chris and discuss the information we learned about the 2017 US Real Estate Market, new opportunities we are both planning on focusing on next year, and how awesome and powerful this conference is for any real estate investor!
Today's guest, Eric Wohlwend, has patriotic beginnings serving our country and took the opportunity to educate and motivate himself while still in the armed forces. The day Eric was given his discharge papers, Eric drove straight to the local bank in the area and obtained financing to purchase his first rental property. A few short years later he retired at the age of 30, after accumulating a sizable portfolio as a full time real estate investor.
Well, Eric didn't stop there, as he realized that an investor's appetite is rarely satiated, he got back at it, continuing to buy more assets and grow his empire, diversifying into mobile home parks, apartment buildings, and self-storage units.
Today Eric and I discuss his start up in real estate, his current ventures into a 60 unit apartment building, and working with sellers to "eliminate the bank" when financing your real estate deals!
What comes to mind when you hear the term Mobile Home Park?
Well, if you've done your homework on it you'd find that it's like owning a large scale ATM machine without the hassles of the toilets and maintenance necessarily associated with owning the structure on a property.
Today's Podcast hosted by Joe Mueller of TANIS Group LLC and TANIS Group Realty interviews Jack Baczek of Marvel Equity. Jack started his real estate investment career just 8 short years ago, and still at the young age of 31 is acquiring a large scale portfolio of both Mobile Home Park and Apartment units. Jack dove into real investment FULL TIME and hasn't looked back since! Can you remember what you were doing at the age of 30? :)
Jack has been involved in acquiring, re-performing, holding, selling as well as wholesaling mobile home parks in the "Rust Belt" of the US. We dig into the difference between owning the structure vs. just renting the land, MHP ROI and Cash on Cash returns, as well as his experiences in the apartment building business.
If you are interested in what opportunities exist in the Mobile Home Park investment market or are just curious about how it can be done, stay tuned!
Today on the Investor Empowerment Radio Show my special guest is Chris Emerald of CE Law. Chris and I have been working together for several years in the Chicago area on not only my real estate investing opportunities but also the opportunities of other investors in the area.
Chris has been an active sponsor of the meetup group I host-- www.investor-empowerment-chicago.com
Since it's inception of the group, helping real estate investors establish business entities, representing investors and wholesalers on dozens of transactions and acting in a legal capacity when those "not so desirable" type questions come up in various situations of the real estate investing business.
Today we dive into Asset Protection strategies, Subject-to investment models, Articles of Agreement for Deed and having engaging Attorneys as a "necessary evil" in your real estate investing business!
BOOOOMMMM!!!!
You ask, you receive. A bunch of the listeners (You) have been very receptive to the podcast, providing some questions and feedback.
This episode is a Q&A session with my previous guest from episode #4&5, Dan Clarton, as my co-host, responding to a bunch of the text, email, and in person questions I’ve received since starting the podcast.
We touch on:
-Building a ‘Power Team’
-Wholesaling as the ‘gateway drug’
-Getting a broker license or not to get a broker license
-JV Deals, what they are and all about.
AND MANY MORE!!
Listen up!
How much money do you need to succeed as a real estate investor? Ummmm.... Infinite. Right? Beginner, intermediate, or expert investors need to know how important money is to their business. I know a lot of you want to own your own little 'fix and flipping' island and 'don't need anyone' to succeed as a fix and flipper. That's all good. BUT, in order to exponentially grow your business, you WILL need additional funding to get that next best deal when all your funds are tied up, grab a rental property for every 1-2 fix and flips you do, or obtain some rehab funds for your first or last opportunity.
Let's explore what private money is, and how hard money works.
I think part of the benefit of listening to podcasts is hearing the truth about how real estate investing REALLY works for an investor. Do you want to be in the KNOW?
This particular deal is a real life example of what opportunities one could expect in our market, and what one should expect when looking to either fix and flip OR buy and hold a property.
This is RAW data, I sat down with my calculator, my invoices, and my receipts and added all the numbers together on one of my current projects. I guarantee there are better and worse real estate investments out there, but I am going to give you the REAL data after one is completed. I also video documented this project on my youtube channel: https://youtu.be/F2LHh6g3dGk
My disclaimer is I initially had cost projections lower than than the final numbers, so I spent a bit more than I anticipated, but that's how REAL real estate investing happens!
I also touch on working with wholesalers and networking, and my beliefs on the “Education” circuit.
Want to see the FINAL Walk through Video, go to my youtube channel:
Also, see the other videos of this project to see the perspective start to finish:
Full disclaimer, I am a real estate investor, broker, entrepreneur and amateur podcasting rockstar… I am not an attorney, I do not nor have I ever been employed by Section 8 or any other housing authority, and though I do own rentals in multiple states, today’s podcast is focused on my experience in the Chicago area.
Do you really know how Section 8 works? Is your lack of knowledge or experience in the Section 8 program what’s scaring you from renting to section 8 tenants? Is Section 8 housing REALLY slumlording? These questions and more will be answered on today’s podcast featuring our guest—Me, Myself, and I.
I implore you to complete additional due diligence on the Section 8 Housing Program and not just take MY word for it, but you’ll get my 3 cents.
After listening to this podcast recorded for the REI Diamonds show with Dan Breslin, I realized there were too many solid learning points and discussions not to bring this to the Investor Empowerment Radio Show listeners. In this episode we talk about my start up in the REO industry as well as my RE Investing beginnings, the state of the real estate market and what my personal experience tells me is going to happen next, as well as my worst and best deals. This is quality stuff, don't miss it!
Doug has been my friend, advisor, co-conspirator and is responsible for many of the successes of not only TANIS Group on multiple levels but also many, many real estate investors we work with. In his 35 years of brokering investment deals, Doug has seen multiple real estate cycles, hundreds of clients, and thousands of deals. He is single handedly responsible for building large rental portfolios for dozens of investors just in the short 5 years he has been with TANIS Group Realty. His wisdom is substantial, his experience is second to none, and he is living proof that real estate can be bought, sold, invested in, and built into a future for anyone who has the dream of doing so. I am honored to have Doug on the show today, and he is one of my real estate rockstars here at my company that can help investors grow a flipping and rental business using the MLS as well as off-market deals!
Say it with me... 135 rental Units. Again, 135 rental units. Steven VanCauwenbergh and I have a lot in common. We both began our entrepreneurial adventures at an early age, and both initially were into music and creating businesses. This is an inside look into what it takes to start with nothing and #buildanempire in real estate investing including wholesaling, flipping and landlording. Steven and I touch on humble beginnings, begging-borrowing-and-stealing to acquire his first houses, and the importance of networking, creating a solid team, and ALWAYS buying ASSETS. Real Estate Investing can create enough Cashflow to lead to a successful and fruitful way of living without the requirement of a J-O-B and you need to hear the tale of how to do it!
Dan Breslin fell on his face after the last market crash, was forced to take public transportation when his buddy’s cars were not available, and started back up from Ground Zero a few short years ago. Today Dan runs a full scale wholesaling and fix and flipping operation in 4 separate markets throughout the county making tens of thousands of dollars per month! Dig into this incredible interview where Dan reveals how he built his team, the systems he using, and the mindset needed to make multiple hundreds of thousands of dollars per year all from his office in Chicago. I shouldn’t even have to say it, but you can’t miss this!
Today’s entrepreneur and guest, Linda Liberatore, of SecurePayOne.com founded an ACH business years ago with the sole intent to offer electronic rent collection services for property owners and landlords, and grew it to a landlord service offering not only ACH rental collection but also management call center services, and eviction assistance for over 1000 units. Listen to how you can cut out the “middle man” (ME!!!) and fire your property manager!!!
So, sometimes you need to turn the bad into the good! I am changing up my regularly scheduled podcast due to a technical challenge in switching podcast hosting servers and pushing back my Wednesday release to offer you some opportunity RIGHT NOW in the Chicago investment market. These are REAL off-market money making opportunities that I am offering ONLY to the listeners of the podcast. IF you are looking for deals, you gotta check out these 3 opportunities as the listeners are the only ones who are getting this information! Listen up for the details!
Elgin, IL:
Acquisition: $45000
Rehab Costs (est.): $60000
ARV: $160000
Est. Monthly Rent: $1500
Chicago, IL: (Humbolt/Garfield Park Area)
Acquisition: $40000
Rehab Costs (est.): $30000
ARV: $130000
Est. Monthly Rent: $1500-1600
Westchester, IL: (Great area!)
Acquisition: $100000
Rehab Costs (est.): $20000-30000
ARV: $195000
Est. Monthly Rent: $1600
Starting his investment empire at the age of 19 and completing over 700 flips in the last 6 years, our guest currently has ownership in over 165 rental properties, and is netting approx. $50k a month in positive net cashflow. We discuss in depth his concept of the 2-5-7 rule enabling investors to pay off their rental houses in 7 years or less, the “Keep It Simple Stupid” method along with the “Rinse and Repeat” of the Buy, Rehab, Rent, Refinance (BRRR) strategy with today’s incredible guest—Andrew Holmes of ChicagoREIA.org and Chicago Cashflow. This is repost due to an issue with the podcast server
Jerry Tuzil, one of the founding partners of Profit from Rentals.com and Blue Star Capital Lending sits down with us today to discuss his 30 years of experience, over 300 deals in the last 6 years, and the importance of due diligence when buying multiple properties on the South Side of Chicago. Jerry offers insight into the current real estate market and his opinion of the current cycle, the importance building a team and having your funding in place. Stick around for another great episode of the investor empowerment series radio show
IES Radio welcomes Bill Jennings, Founder and Owner of Pathway Financial on air discussing what his business offers to investors in the funding realm. Bill was faced with a personal challenge when investing on his own flips and created a solution that now has evolved into a nationwide lending program offering 0% interest unsecured lines of credit. If you’re looking for funding (and as a real estate investor we should ALWAYS continue to look for funding) this is a show you can’t miss!
Mark Skowrun is an active wholesaler, flipper, and investor in the Midwest market that has completed dozens of deals while growing a massive buyer list. Mark and I discuss the importance of making the correct impression when meeting other investors and sparking conversation regarding turning buyer prospects into investor buyers that close, reverse wholesaling, and the “golden nuggets” – As Mark calls it, to investing in real estate.
Today’s guest is Jilliene Helman, CEO of Realtymogul.com, with an incredible interview discussing the opportunities offered by the company she founded in the crowdfunding space. We dig into the difference between debt and equity opportunities in crowdfunding, the risks involved, rates of return for investors interested in crowdfunding, and how to work with her firm as a passive real estate investor. Quote of the day, “Be fearful when others are greedy.”—Warren Buffett. An episode for both experienced and newbie investors don’t want to miss!!!
The analysis of a deal… Today’s episode focuses on a specific opportunity acquired, rehabbed, and rented in the local suburbs of Chicago. Joe discusses his acquisition strategy, costs associated with purchasing and holding and rehabbing the property, the exit strategy and rates of return on this particular investment. Deal of the Day!
The Investor Empowerment Series Radio show welcomes Eddie McCracken of EMAC Properties LLC, a Chicago based investor who focuses on the purchase, rehab, renting and management of lower end properties in the Chicago area suburbs—some purchased for as low as $500 with a value of approximately $25000. Eddie and I discuss acquisition strategies including an in depth look at tax lien investing and tax deed investing, something we don’t hear much about in the residential real estate investing space. Listen, subscribe, and rate!!!
Part 2 of this great interview with Real Estate Investor Dan Clarton of Riverside Hope LLC. In this episode we dive into Dan's Fix & Flip business, focusing on acquisition, rehab, and resale of properties on Chicago's West Side and also discuss the importance of emerging neighborhoods and knowing your property values. The "DoorJam" CMA is explained as well as several other "rules of thumb" for rehab estimation and profit margins in real estate investing.
Great interview with full time real estate investor Dan Clarton of Riverside Hope LLC and www.chicagolandwholesalehouses.com out of the Chicago area discussing the basic systems and opportunities that come along with creating your own real estate wholesaling business model, fix and flipping homes in specific neighborhoods to make massive profits, and building a rental portfolio. After being diagnosed with Stage 4 cancer 5 years ago, Dan changed his life, quit his job, and is a successful full-time investor in the Chicago market.
In this episode we discuss the transition from getting started as a buy and hold investor to full time fix and flipper doing 20 fix and flips per year while continuing to grow a rental portfolio. Court Foreclosure Judicial Sale auctions are discussed, MLS strategies, and maximizing profits in fix and flips. Chris and I also dive into partnering with other investors to maximize opportunities and increase business potential. If you're interested in making the leap from 9-5 to fulltime investor, check out this awesome episode! www.investorempowermentchicago.com