Rental Property Owner & Real Estate Investor Podcast

My guest today left college to invest in apartments when he was 19 years old, and he’s built a portfolio of 350 multifamily units with a team of 25 employees in the Lansing and West Michigan area. And here’s the kicker—he’s only 20 years old! Brad Simtob is the managing partner at Simtob Management & Investment. Today, Brad is going to talk us through his first 11-unit apartment building and the steps he took to get to 350 units so quickly. We’ll also discuss the systems Brad created for property management and maintenance, and how he managed to build a team of 25 employees during the pandemic when many people were leaving their jobs. Brad also shares his appreciation for providing homes to economically disadvantaged residents, and why he likes working with section 8 tenants. You’ll also learn how Brad convinced his parents to let him drop out of college, and the model he’s built to scale into new markets. I know you’re going to love this conversation with Brad.  You can find out more about him through hi

Today we’re going to discuss the commercial loan process and how you can best present yourself and your transaction to a commercial lender in the most impactful and successful way. Over the past 30 years John Matheson has been developing, permitting, and/or financing completed projects totaling over $50 million, primarily focusing on multifamily, mixed-use, and storage real estate. John is the managing member of J. Healy Development, a company that focuses on eco-friendly and sustainable commercial development to lesson a property’s footprint while increasing it’s value. John is also the CEO of Leverage, a finance software designed to help business owners and property investors pre-qualify their commercial loan before speaking with a lender. Today, John is going to share his favorite source of commercial loans and the three things all lenders look at first when evaluating your project or investment. We’ll also discuss the importance of NOI, cap rate, and DSCR, and what those terms mean. You’ll also learn the

2022 Michigan Landlord & Real Estate Investor Conference & Expo ​ANTHONY CHARA Increase Your Wealth Exponentially with Multifamily Properties Friday, February 25th at 3:20pm​ Click here to register: https://bit.ly/reiconference22 Why buy 1 when you can buy 10 or 20 or even 50? Learn the how’s and why’s of buying and investing in apartments and multi-family properties with Anthony Chara. Anthony will let you in on the secrets of why buying and investing in apartments and multi-family units can be a big money maker in today’s market. Learn how you can increase your net worth and build a successful portfolio with this informative course. About: Anthony is a seasoned real estate investor with over 20 years of experience. He has owned or managed several successful multi-million dollar companies during the last 20+ years, and owns and/or has syndicated approximately 1,600 apartment units around the country. He has also mentored several thousand aspiring real estate investors. 

2022 Michigan Landlord & Real Estate Investor Conference & Expo ROBYN THOMPSON Rehabbing Houses Creates Big Paydays | Thursday, February 24th at 3:30pm AND Building Massive Wealth with Vacation Rentals | Thursday, February 24th at 7:00pm Click here to register: https://bit.ly/reiconference22 Robyn Thompson, “The Queen of Rehab”, has integrated her highly successful rehab program into a new buy and hold investment strategy—providing more flexibility for rehabbing for flips or for holds. Robyn will teach you how to map out all of the hurdles, pitfalls and paydays when renovating for profits and building passive wealth! In her second presentation, she'll also teach you how to analyze vacation rental markets, convert your rentals to vacation rentals, optimize your vacation rental listings and more! About: Robyn Thompson has renovated and sold over 390 properties. She is the nation’s leading expert on buying, renovating and selling homes for huge chunks of cash and has taught thousands of students how to

My guest today is a wholesaler and flipper who has figured out a system that allows him to complete up to 35 wholesale transactions a year with an average deal size of $500,000 each. Max Fisch has completed hundreds of real estate transactions using virtual assistants. He’s been able to scale his business without overburdening himself or his team. And today’s he’s going to share how he utilizes these VAs, and why it’s so important to use industry-specific VAs to scale your business and achieve incredible results. Max is going help us understand the systems he’s set up to interview, onboard, and train his virtual assistants, why he prefers a global team as opposed to originating from a single country, and the thought process you must go through to determine if hiring a VA is for you. I know you’re going to enjoy today’s conversation. You can find out more about Max and his companies through Facebook, Instagram, the web and email: https://www.realestateprojectsolutions.com/ max@realestateprojectsolutions.com To

Clay Powell, the Director of the RPOA, is here to get us pumped up for The Largest Landlord & Real Estate Investor Conference in Michigan! Join us for a two day in-person event at DeVos Place in the heart of downtown Grand Rapids, Michigan on February 24th and 25th, 2022 at the 2022 Michigan Landlord & Real Estate Investor Annual Conference & Expo! We’ll be bringing you a powerhouse of six tried and true crowd favorite national speakers, 30+ vendors, breakout sessions, and numerous opportunities to network and make deals! Don’t miss this opportunity to learn strategies from nationally recognized experts and build massive wealth through real estate investing! FREE admission for current RPOA members. Only $10 per person for non-members—this covers admission for both days! Go to www.rpoaonline.org to find out more and get registered!

Today’s guest has learned many lessons while scaling her rental portfolio to $60 million dollars. She’s also going to talk about syndication and raising private money with confidence. Liz Faircloth co-founded the DeRosa Group in 2005 with her husband, and controls $60 million in residential and commercial assets up and down the east coast. Her mission is to “transform lives through real estate.” Along with previous guest Andresa Guidelli, Liz is the co-founder and CEO of The Real Estate InvestHER community, co-host of The Real Estate InvestHER Show, and co-author of “The Only Women in the Room, Knowledge and Inspiration from 20 Women Real Estate Investors”. Today we’re going to discuss Liz’s early beginnings as a real estate investor, flipper, and rehabber, and what led to her realization that multifamily investing was the best focus of her time and energy. We’ll also discuss the systems she uses for communicating with multiple investors and the decision process that goes into deal structure and investor retu

2022 Michigan Landlord & Real Estate Investor Conference & Expo NICK SIDOTI Three Times the Market Rent With Special Needs Housing Thursday, February 24th at 10:10am Click here to register: https://bit.ly/reiconference22 Nick Sidoti will teach you the secrets to turning your rentals into tremendous cash flow generators and triple your rental income with special needs housing. You will learn how to market your rentals to special populations—college students, veterans, government agencies, and others—as well as which tenants to choose that will make you very wealthy...these customers will pay you BIG bucks (2 or 3 times more than market rent) for a little extra convenience. NO, this is not Section 8 and YES, you will be blown away by the increase in profit! About: Nick Sidoti, aka Dr. Cash Flow, has been investing in real estate for 30+ years. He specializes in residential rental properties—single family homes, special needs housing, and multi-family dwellings. He also buys, rehabs, and resells homes m

According to current economic reports, the Covid-19 pandemic has led to a record number of people leaving their W-2 jobs and many of them don’t plan on coming back. Where are these people going? And how do they plan on paying their bills? According to my guest today, many of them should be looking to build a successful real estate investing business so they can retire early. Dustin Heiner quit his job when he was 37 years old by investing full-time in real estate. He’s the founder of Master Passive Income and host of the Successfully Unemployed Podcast. He also wrote the book “How to Quit Your Job with Rental Properties.” Today we’re going to discuss how it’s possible to achieve financial independence without a W-2 job. Dustin is going to tell us how he managed to do that through buy and hold real estate in areas where you can still buy homes for under $100,000. You’ll learn why it’s important to build your business first, before you ever call a realtor, and what the steps are in building that business. I kno

TONY YOUNGS The "Hidden Market" Thursday, February 24th at 1:10pm One of the toughest nuts to crack when getting into real estate is finding a property to buy! Finding distressed properties and owners is one of the best ways to make deals happen. Tony has mastered the art of tracking and acquiring properties in every stage of the foreclosure process from pre-foreclosure to REO. He has been perfects own unique system, strategies, and techniques for acquiring foreclosure and hidden market properties and can teach you how you can do it too! About: Tony Youngs has been involved in more than a thousand successful real estate transactions and negotiates with approximately 480 distressed property owners per year. Tony has been a featured guest on countless radio, and television programs and has trained over nine thousand students to become successful real estate investors.

My guest today is a full time chemical engineer turned real estate investor. Jhanel Wilson is also the Founder and CEO of The Savvy REI, and today she’s going to share her 18 years of hard lessons and personal strategies in building an 8-figure portfolio using government programs and credit cards. Today, Jhanel takes us through investing in her first property, and how she realized that the profit she could make from the guaranteed Section 8 income was a real game-changer. Jhanel walks us through the pro’s and con’s of working with Section 8 and Veterans Affairs Supportive Housing (VASH). We’re also going to discuss what it means to be a defensive investor and how to make your portfolio recession and pandemic-proof. You’ll also learn how Jhanel uses creative financing techniques with zero-interest credit cards, hard money, and niche appraisals. Jhanel shares some painful and profitable stories of five triplexes she bought at auction, as well as the upside profit she anticipates when she does a cash-out refinan

My guest today has over 10 years of global investing experience and is the founder of Boardwalk Wealth with over 1,100 units under management and over 2,000 units bought and sold. Omar Khan is responsible for capital raising, strategic planning, and investor relations while focusing on acquiring value-add multifamily and apartments across the southeast.  Today, Omar is going to share his high-level perspective on the three phases of apartment investing: sourcing deals, asset management, and liquidation events. You’ll learn how Omar talks the right "language" with brokers and uses specific phrasing to indicate that he’s someone who can follow through on an acquisition.  You’ll also learn the systems he has in place to provide benchmarks and goals for his teams to add value to his investments. And you’ll learn several key differentiators Omar uses when it comes to profiting from a cash-out refinance or sale. You’re definitely going to benefit from the sophisticated strategies and processes Omar shares during to

My guest today is a skilled developer and asset manager with extensive experience in full gut renovation projects, new construction, and commercial development. She owns a rental portfolio comprised of long- and short-term rentals and is the go-to person when it comes to implementing processes that allow for scalability. Andresa Guidelli is the co-founder and CEO of The Real Estate InvestHER community, co-host of The Real Estate InvestHER Show, and co-author of “The Only Women in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors”. Today Andresa shares her early sales experience and how the techniques she learned help seed her entry into real estate investing and her first 15 rehab projects. You’ll learn how she leverages her time, skill set, and funding in order to grow her portfolio to include larger multifamily and apartments. Andressa also shares what its like to be a woman real estate investor and the misperceptions she’s had to confront. She’ll share the common hurdles women face, a

There are two very important tools that a successful real estate investor must have to grow their portfolio, borrow money from lenders, and keep track of their financial situation. I’m talking about your personal financial statement and schedule of real estate owned. Both offer a three-dimensional picture of your assets and liabilities, as well as the real estate and investments you own and the cashflow you can expect from them. I was looking to improve the format of my PFS and SREO recently and came across one that I absolutely love. It was created by my guest today, Paul Winterowd. Paul is an expert debt provider with Bonneville Multifamily Capital who has real world experience investing in multifamily assets. He’s achieved MBA and CCIM status and helps clients’ returns by sourcing the best debt-financing for their long and short-term investing objectives. Today Paul is going to explain the purpose of a PFS and SREO and the important details lenders are looking for when they review yours, such as your liqui

Today we’re going to talk about short sales. This is a technique that’s used to work with a lender to get them to allow the sale of a property for less than the balance owed. Successfully negotiating a short sale can provide a lot of upside value for investors, but it also takes knowledge and skill. Nicole Espinosa is known as The Short Sale Queen. She has closed thousands of short sale transactions successfully and continues to process hundreds a month for clients nationwide. She’s also the best-selling author of “Short Sales Uncensored” and is the leading short sale expert based out of Dallas, Texas. Today Nicole is going to take us through the short sale process from A to Z. We’ll discuss why a borrower would consider selling their home on a short sale, and the conversation Nicole’s team might have to convince them this is the best option. We’ll talk about the banks and how to determine if you’ve connected with the right person who can help keep the process moving. Nicole also works with many investors, an

One of the biggest challenges both new and seasoned investors encounter in rental property investing is completing a successful rehab project. There are many ways a project can go wrong and blow your budget. My guest today is going to talk us through the do’s and don’ts of a successful rehab and share tips on how to save money on renovations. Van Sturgeon is an experienced entrepreneur, developer, general contractor, and rehabber who owns over 1,000 properties across North America. He’s passionate about helping homeowners and investors overcome their fears of house renovations and he loves to help people reach their goals. Today, Van is going to share the improvements he makes that have the highest return on investment, how to find and negotiate with trusted contractors, and why you need to have a payment schedule and a plan in place before you begin. Van will also take us through a recent rehab project on a multifamily property where he invested $15,000 per door in improvements to double his rental income. I

My guest today is implementing the skills he learned in the Army as a member of the elite 75th Ranger Regiment to scale his wholesaling business to 6 figures while maintaining his W-2 job. Dan Austin is the owner of INW Properties, a completely virtual company primarily focused on the acquisition of small multi-family and single-family homes. They wholesale, flip, and BRRRR their own deals and currently hold a portfolio of 25 doors. Today, Dan and I discuss what it means to be ‘elite’ and push for the best outcome in business. Dan talks about several pivotal actions he took to find success in real estate investing—from the decisive conversation he had with a co-worker that led to his first two student housing rentals, to the decision he and his partner made to start their own business and find training and mentorship to ensure its success. You’ll also learn how Dan built a virtual company, who he has on his team, and the incentivization structure that led to more deal flow. I know you’ll enjoy this conversati

My guest today has over a decade of experience in the real estate industry acquiring, flipping, developing, and financing over $350 million in real estate. After using private money to finance his own deals, Ruben Izgelov saw the innovation desperately needed in the private lending space and decided to spearhead it by co-founding We Lend, LLC, a private lending platform. Today we’re going to discuss private lending, how it works, and why you might consider it for acquiring your own deals.  You’ll also learn more about Capital Markets and Secondary Markets and their appetite for purchasing private loans.  Ruben also discusses why being a private lender is more lucrative than being in the fix & flip business, and hear many examples of the types of loans We Lend has produced. I know you’re going to learn a lot about lending and the private money world from this conversation with Ruben.  You can find out more about Ruben and We Lend, LLC on any social media platform @WeLendLLC, or website  https://www.welendl

My guest today has closed over 850 deals over the past 7 years.  He’s tried many different strategies, and noticed something very strange while he was in the process of building a real estate business that was doing 25 deals a month.  What he realized was that the money he was making was not the money that was ending up in his pocket.  Instead, that money was going right back out the door, with very little cashflow or profit to show for all his efforts. Now I’m sure many of us have found ourselves in the same situation.  David Richter saw this as an opportunity to help businesses see where their money really goes.  He’s since helped real estate companies completely turn around, from going out of business to building real cash reserves by using a method called the “Profit First Cash Flow System”. David’s goal is to completely transform the Real Estate Industry when it comes to how real estate investors view their finances.  Today David is going to help us achieve true financial clarity and freedom and show us

My guest today has a very unconventional background and unique path to success.  She started as a single mom at the age of 16 living in subsidized housing.  Somewhere along the way she became a real estate investor and now controls a $65 Million Real Estate Portfolio built with “Other People’s Money”. Edna Keep also left a lucrative career as a financial advisor to invest full time in long-term, buy & hold, rental apartment buildings.  She’s also a successful author, teacher, and real estate investment expert. Today Edna is going to discuss her early training with Robert Kiyosaki, the importance of having the right coach, why she refuses to live ‘within her means’, and her transition from investing in single family homes and condos to value-add multifamily. Edna also goes into detail on when & how to ask for seller financing, and why that can be beneficial to the seller as well. I know you’re going to enjoy this conversation with Edna.  You can find out more about her through her website:  https://edn