Rank #1: EP003 Rehabbing, Flipping, Buy & Hold, Lease Option Strategies with Justin Workman
Justin Workman Interview: On the surface Justin Workman seems to be a rehabber, flipper, and buy & hold investor. But in reality he’s employing some very creative investing strategies that have allowed him to transition from a job to full-time real estate investor/owner.
Five years ago Justin and his wife lost everything in a devastating fire. Today you’ll find out how he was able to bounce back stronger and smarter than ever.
Feb 14 2016
Rank #2: EP130 Navigating Foreclosure, Distressed, and Bank-Owned Properties with Casey O'Neill from Auction.com
In today's tight real estate market its very difficult for investors and home buyers to find good investment deals. Believe it or not, there are still plenty of opportunities in Distressed, Foreclosure, and Bank-Owned Properties. One of the ways to find these deals is through Auction.com.
Today I sit down with Casey O'Neill to discuss the transparency Auction.com is bringing to the distressed market, and the emphasis they place on helping potential investors with due diligence.
Casey also warns of the pitfalls and risks in investing in distressed properties that you may not get to inspect fully before purchasing. We'll also talk about the bid process as well as the timeline and costs associated with purchasing. And Casey shares his thoughts on Michigan's Foreclosure laws and how they could be improved.
If you've never used Auction.com, this episode is a great introduction to a potential source of opportunities. If you've ever bid on Auction.com then you'll definitely find some useful tips on how the system works.
I hope you enjoy this episode and ask that you take a moment to give us a review and rating on itunes.
Jul 09 2018
Rank #3: EP027 Creating Your Lifestyle Through Rental Real Estate with David Kirchgessner - Investor, Realtor & Lead Singer of Popular Ska Punk Band Mustard Plug
I know you're going to enjoy my interview today with David Kirchgessner. Dave is a successful investor and realtor, who also happens to be the lead singer of the popular ska punk band Mustard Plug. It's Mustard Plug's song "Mr. Smiley" that you hear at the beginning & end of every podcast episode.
Dave shares with us how he's been able to create and support his lifestyle through real estate investing, which he realized in his early 20's was the only way he'd be able to support himself while he pursued his music career.
Dave also talks about the investments in Single Family and Two Family homes he's made and shares details on purchasing, rehabbing and managing them. We also discuss a building development that Dave bought with some friends that didn't go as planned, and a new investment in Northern Michigan that he almost bought sight unseen.
Dave is also a realtor with Greenridge Realty, and will give us his perspective on the current market and the trends he's seeing as a real estate 'insider'.
You can contact Dave through his email at:
Jul 18 2016
Rank #4: EP161 Increasing Your Rental Cashflow by the Thousands with Jeffrey Taylor, a.k.a. "Mr. Landlord"
37 years ago, Jeffrey Taylor and his wife became accidental landlords. But they had no way of knowing that long ago, that the mistakes they were making and the challenges they were facing, would someday go on to inspire tens-of-thousands of real estate investors and landlords across the country.
Today you will find out how Jeffrey Taylor transitioned from being a full-time school teacher into Mr. Landlord, a highly sought-after speaker, trainer and author who has spent the past 34 years teaching landlords how to treat rental property as a business, increase their cash flow, and reduce their headaches along the way.
Jeffrey & I recorded this conversation in 2017 and it originally was released as Episode #57. You'll definitely want to listen to it again, because it includes his non-traditional ideas on how to increase your tenant's satisfaction and create more freedom for you as a rental property owner. Plus, Jeffrey's ideas will make you more money in rental income.
Jeffrey will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:
"Mr. Landlord" is one of our most requested, popular, and entertaining featured speakers of all time, and you'll definitely want to listen to this episode and come learn from him live.
Feb 11 2019
Rank #5: EP200 Preparing for the Next Downturn with the Help of The Rental Property Owners Association and Clay Powell
Welcome to a very special 200th Episode! To celebrate I thought it would be fun to have a conversation with the man who made this podcast possible – Clay Powell, the director of the Rental Property Owners Association.
Clay and I will be talking about the importance of organizations like the RPOA and how we’re helping landlords and investors through the good times, which is what we’ve all been experiencing for the past ten years, and the anticipated downturn that many economists are expecting to happen in the next year or two.
We'll also discuss how the RPOA is positioning itself to be at the forefront of helping landlords and investors no matter what the economy is doing. We also have exciting news about the RPOA’s Real Estate Investor Mastery Training Program, and how its now going to be accessible beyond the West Michigan area. We’ll also discuss the RPOA’s knowledge base, where we answer the most frequently asked questions.
You'll also get a peak behind the curtains of the podcast, and I'll be revealing the top three episodes and guests of all time. You'll also get a sneak peak at the Annual Conference, and the featured speakers we'll be bringing to you in 2020. If you're wondering how you can prepare yourself for the eventual downturn, and prosper during both good times and bad, this is an episode you won't want to miss.
Clay can be reached through the Rental Property Owners Association by going to www. rpoaonline.org
And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"
Nov 04 2019
Rank #6: EP133 How to Make Huge ROIs Investing in Raw Land with Mark Podolsky
Mark Podolsky began investing in Raw Land with only $3,000. Seventeen years later, he's completed over 5,200 land deals with an average Return-on-Investment of 300%.
Today Mark is going to share his Raw Land Investing techniques, and how he teaches other to make huge returns without putting any of their own money at risk.
Mark is the owner of Frontier Properties, a very successful and reputable land investing company. He's also the host of several podcasts, including "The Art of Passive Income Podcast". And he's the author of the recently released book "Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs".
Mark will share why you don't need money to get started investing in Raw Land, how he's able to do all of his due diligence on his computer, the ways he's systematized his business, and how he's confronted his fear of death.
There's a lot of great info in this episode, and you can learn more about Mark and investing in raw land by going to his website: www.thelandgeek.com
Also, if you send an email to firstname.lastname@example.org and mention this podcast, Mark will send you a free Passive Income Launch Kit.
Jul 30 2018
Rank #7: EP201 Buying "Subject To", Wraparound Mortgages, and Zero Percent Seller Financing with Brad Smotherman
There are many creative ways to Buy & Sell Real Estate, while creating Owner Financed Paper in the process. And my guest today has done them all. Brad Smotherman owns and manages a 7-figure per year Flipping Business called American Community Investments and holds Notes across middle Tennessee. He's invested in 14 states and completed 100's of transactions.
Brad is going to discuss what it means to purchase a property 'Subject To' the existing mortgage, and what happens when the lender 'Calls In' the loan. You'll also learn what a 'Wraparound' Mortgage is, and how you can profit from creating one.
Brad also discusses how he's able to purchase property with zero percent owner financing, the importance of mentorship, what it means to 'Buy Equity', and why Wholesalers are leaving money on the table by not employing the strategies he's discovered.
There are a lot of great tips and techniques that you'll learn in today's conversation. Many of them haven't been discussed on the show before. Brad can be contacted through his website: http://www.bradsmotherman.com
And you can also check out his podcast called "Investor Creator"
And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"
Nov 11 2019
Rank #8: EP107 Creative Financing: Nothing Down, Why Price is Irrelevant, and the Power of Zero with Chris McClatchey
Chris McClatchey initially built his Real Estate Portfolio the Traditional Way - by using Bank Financing. But then it struck him; the majority of his cash flow was going back to the bank to pay off his mortgage. Not only that, but the first seven to fifteen years of mortgage payments were primarily paying off the interest on his loan rather than paying down the principal.
Chris knew that there had to be a better way, and that's when he came up with "The Power of Zero". By using seller financing with zero percent interest, Chris was able to outbid other investors by overpaying for the property, but he was still paying much less in interest over the duration of the loan.
Today, Chris shares "The Power of Zero" with us, and explains why its so important to listen to the seller to figure out what they really want, why the terms of the loan are much more important than the price you're willing to pay, the three elements to a great deal, and how to present an offer and understand the psychology of the seller.
And you don't want to miss Chris when he appears as a featured speaker at the 2018 Annual Real Estate Investor & Landlord FREE Conference & Expo, here in Grand Rapids, Michigan from February 22 thru 24.
You can go to www.rpoaonline.org to register for FREE!
Jan 29 2018
Rank #9: EP049 Replacing Your Job Income with Five Rental Properties, Infinite Returns and Profiting by Solving Other People's Problems with Nick Watkins
Two-Thirds of the way through my conversation today, Nick Watkins drops a huge bombshell: He's managed to generate as much money in rental profits as he makes in his full-time job - and he's done it with only two duplexes and three single-family properties!
Nick takes me step-by-step through his process, how his desire to help others solve their problems led him to purchase rental property, how he's used creative financing to help him achieve 'infinite returns', and how he's learned to manage his properties and his tenants.
Nick also shares stories about the tenant who threatened him and his family, the subsequent eviction, and the consequences of not doing thorough background checks and tenant screening.
Nick & I also discuss the pro's & con's of hiring a professional third party management company, and whether or not the additional expenses are justified.
Nick shares a lot of great information, stories and tips. You can contact him through email at NickWatkinsHouses@yahoo.com
I know you'll enjoy today's conversation. Please take a moment to subscribe, rate & review on itunes.
Dec 19 2016
Rank #10: EP009 Buy & Hold Investing, Managing your own Property, and Starting Your Portfolio with Rob Minch
Whether you're a new investor who is wondering how to start your buy and hold portfolio, or a seasoned pro looking for tips on how to manage your property and get higher rents, you're going to enjoy my interview with Rob Minch.
Today Rob will share his journey with us from owning his own mortgage company to becoming a full-time buy & hold rental property owner. Rob will tell us how he built his portfolio, share his story about the flip that went wrong, and disclose techniques he uses to find the best tenants and get the highest rents possible.
(tags: Buy and Hold, Flipping, Rehabbing, Property Management, Getting high rents)
Mar 14 2016
Rank #11: EP122 Breaking the Golden Handcuffs of a Well-Paying Job and Getting Started as a Real Estate Investor with Lane Kawaoka
Lane Kawaoka is an engineer by day, but whenever he's not on the job, he's full-on into Real Estate Investing as the owner of MPFE Investments which is focused on value-add multifamily apartments.
Lane and his partners own over 626 units and he's raised over $2 Million from private investors.
Today we're going to discuss the steps Lane is taking to break the "Golden Handcuffs" of his high paying job, why its important to get started investing, even if you're buying a mediocre single-family, the reasons he doesn't like 1031 exchanges, and the three ways a deal can fail.
Lane also lives in Hawaii, and explains how he's able to invest in other states. He also describes his transition into commercial real estate investing and how he learned to talk with brokers and find strategic partners in new areas. You'll definitely pick up a lot of great information from this episode that will help you in whatever type of investing you're interested in.
You can contact Lane through his website or email:
Enjoy the show!
May 14 2018
Rank #12: EP143 Best Practices for Keeping Track of Your RE Income & Expenses with Steve Bjorkman from Rental Hero
If you own and manage rental property, then keeping track of your income and expenses is something you've had to deal with. And having the right systems and software in place can help you make more money, save time, and ultimately achieve a higher value when it comes time to sell.
Today we're going to talk about what you should look for in accounting software, the information you should be tracking, and how you should set up your books for proper accounting and tax purposes.
Steve Bjorkman is the CEO and Founder of Rental Hero, a simple and easy-to-use rental accounting software built for rental owners and landlords. Steve and I discuss the pro's and con's of using excel and quickbooks, why you should always have a separate business account for your rental, the value of hiring a CPA, how to set up your books and categorize income and expenses, and how to keep track of your receipts.
Keeping track of your income and expenses is just as important as taking care of your property. Those who get it right are better positioned to make higher profits. Steve shares a lot of excellent tips and best practices in this episode that will help you do just that.
You can find out more about Steve and Rental Hero by going to https://www.rentalhero.io
Plus, Rental Hero offers an RPOA discount to members - Enjoy!
Oct 08 2018
Rank #13: EP103 **UPDATE** Transitioning from a Corporate Job to Full-On Real Estate Investing, Embracing BRRRR, Avoiding Corndogs, Renting to Prostitutes, and watching your property go up in flames with Paul Leason and Jacques Cyr
** My apologies to Jacques and Paul. When I uploaded their episode there was a technical issue that only allowed the first 20 minutes to be heard. Now that the issue has been fixed, you can enjoy the full episode! **
Not too long ago, Paul Leason and Jacques Cyr left the corporate world to become full-time real estate investors and real estate agents. Today they share their experiences with us, as well as the up's & down's they've encountered along the way.
We'll be talking about thieving contractors, renting to prostitutes, getting raided for corndogs (yes, we'll explain), red flags to look for when screening tenants, and watching your property go up in flames! Through all their challenges, Paul and Jacques have managed to find success by watching the numbers and following the data.
Jacques also explains the meaning of BRRRR (Buy, Rehab, Rent, Refi, Repeat) and how he's applied those methods in order to force appreciation on his investment properties.
Paul shares his experiences with the Grand Rapids Rental Rehab and "Get the Lead Out" programs, and how he's used them to pay for his rehabs.
I know you'll enjoy this episode. Both Paul & Jacques are Berkshire Hathaway Real Estate Agents, and work with all types of investors, including out-of-town buyers, to find rental property. You can contact them through email or their websites:
Jacques phone # 617-775-9352
Jan 11 2018
Rank #14: EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs
Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes. Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on. Whether they're performing or non-performing, notes can offer a lucrative opportunity to make money and help distressed homeowners in the process.
Wylea Griggs, the owner of Eleesee Solutions, LLC, is a local Grand Rapids investor who has been purchasing non-performing notes. Today she is going to walk us through three of her recent deals and show us how she was able to make 30 to 60% returns, while helping several homeowners get past some difficult setbacks and get current with their mortgage payments.
Wylea also hosts a local meet up group: "Grand Rapids Note Closers - Wine & Notes for Self Directed IRA Real Estate Investors". They'll be meeting this Wednesday, May 8th, from 6 to 9pm at the Cascade Winery, 4665 Broadmoor, Kentwood, MI 49512.
I know you're going to enjoy hearing Wylea's story of how she got started investing in real estate and ended up realizing the benefits of investing in notes. You can contact her by phone, email, or her website:
May 06 2019
Rank #15: EP119 Your Questions Answered about Seller Financing
When it comes to Finding the Money for your purchase of a home or investment property, Seller Financing can help you avoid traditional lenders while setting terms that work for both the buyer and seller.
From a seller's standpoint, seller financing can help you maintain a steady income, while spreading out the tax consequences of a sale.
But with the passage of the Dodd-Frank Consumer Protection Act, a lot of investors are unsure whether Seller Financing is still a viable strategy.
Luckily, the RPOA held, and recorded, an expert panel at it's annual conference where we discussed how Seller Financing works, the legalities to be aware of, and how to do it right. Here are the experts you will hear from:
David Hill, a Real Estate Attorney with Barnes & Thornburg LLP. His specialties are Real Estate and Finance Law. David was also a guest on the podcast – episode #12
Justin Workman, a Residential Redevelopment Specialist, landlord, investor and home buyer. His company is Work’n It Properties LLC, and Justin has experience with various types of seller financing. Justin was also a guest on the podcast – episode #3, 51 & 67
Javier Rodriguez, a real estate broker at Lake Michigan Realty Management who has sold over 500 properties in Kent County. He’s also a former loan originator with experience providing his clients with seller financing options.
Steve Whitteberry has 10 years experience as a real estate investor in West Michigan. He’s done fix & flips, buy/repair & holds, and he’s purchased properties using seller financing and has sold four properties using Seller Financing out of his Self-Directed IRA. Steve has been on the podcast several times, Ep #19 & 20
There is a lot of great information packed into this episode that I know you're going to enjoy and profit from. Please take a moment to go to itunes to give us a five-star rating and review.
Apr 23 2018
Rank #16: EP092 Rent-To-Own Strategies, Making Money by Providing Affordable Housing, and Credit Restoration with Todd Warstler
Todd Warstler learned he was losing his job while attending a Lou Brown Real Estate Seminar. The news couldn't have been better received, as Todd had already decided that he could make a better living using Lou's techniques.
Today Todd and I discuss the "Rent-to-Own" system that has helped him replace his job income, and how he's used this training to provide affordable housing to residents who were not able to acquire traditional financing. Todd took Lou Brown's lessons a step further by providing Credit Restoration Services that help his residents fix their credit report and improve their credit scores.
Todd also shares the returns he shoots for when working with investors, the contractor nightmare he encountered, ways to save money on rehabs, and his opinion on the 'Fix & Flip' Shows made popular on HGTV.
There's a lot of great information in this episode for every type of investor. If you'd like to get a hold of Todd, you can contact him by email, website or phone:
Oct 16 2017
Rank #17: EP053 Proven Buy & Hold and Rehabbing Investment Strategies with the 'Queen of Rehab', Robyn Thompson
What is the best way to determine whether you should be a Buy & Hold investor or a Fix & Flipper? Why not be both?
Robyn Thompson is known as the 'Queen of Rehab'. She is the nation's leading expert in buying, renovating and selling single and multifamily homes for huge profits. Robyn has renovated and sold well over 300 homes.
Robyn has also taught thousands of students how to achieve Financial Independence by investing in distressed properties, and will be sharing her secrets and strategies at Michigan's Largest FREE Real Estate Investor & Landlord Conference & Expo which is happening February 23-25, 2017 at the DeVos Place in Downtown Grand Rapids, Michigan.
Robyn will be speaking at both the morning and afternoon sessions on Thursday, February 23rd and will be bringing along her valuable BONUS materials to hand out to everyone who registers in advance.
For more information & your free registration go to: https://rpoaonline.org/
Jan 16 2017
Rank #18: EP151 Investing in Out-Of-State Multifamily, Mastering Meetup Groups, and Miracle Mornings with Powell Chee
Powell Chee bought his first Single Family Rental in Kansas City by using his Credit Cards to pay All Cash. His next purchase was a 40-Unit Multi-Family in Indianapolis, and Powell has been asset managing and improving this property while living and working in Los Angeles, California.
Today Powell and I have a fun conversation discussing the process he went through to find, fund, and improve these investments, and the mistakes he's made along the way. Powell will share his thoughts on the importance of using financial analysis software, budgeting enough money for improvements, finding out-of-state properties, and doing it all while working a full-time job.
Powell also hosts one of the largest multifamily meetup groups in Los Angeles - "Out-of-State Multifamily Apartment Investors Meetup" - and he's going to share how building this network has improved his fund-raising capabilities and created new opportunities. We also discuss Powell's daily routines, including the benefits he's enjoyed from doing Hal Elrod's "Miracle Morning".
I know you're going to enjoy this episode. Powell has a lot of interesting experiences & wisdom to share. You can contact Powell through his website or email:
Dec 03 2018
Rank #19: EP186 Rehabber and Buy & Hold Investor Frank Maratta has some questions for Brian & Justin Workman
My guest today is Frank Maratta, a listener & fan of the show who contacted me with some great questions. So I thought I'd have him on the show to answer them with the help of Justin Workman, another friend of the show who's been on many episodes.
Frank is an experienced investor and landlord with 12 units that he rehabbed & manages. Frank's favorite strategy is to buy a property, rehab it using his own subs and serving as the General Contractor, and then complete a cash-out refinance in order to pay himself back and raise money for the next deal.
Frank has some excellent questions that Justin & I do our best to answer, even though we disagree on several of our answers:
Should Frank get a 30-year or 20-year mortgage?
Should he "buy down" the points in order to get a lower interest rate?
Will a new roof increase the appraisal value? (the answer to this will surprise you)
What is our current outlook on the market?
Frank's questions make for a lively discussion (& arguments) with Brian & Justin. This is a fun episode that I know you're going to enjoy. If you'd like to get ahold of Frank, you can email him at:
Aug 05 2019
Rank #20: EP165 Making Your Money When You Buy and the Three Rules of Investing in Multifamily with Joseph Gozlan
Joseph Gozlan is a Multifamily Investment Specialist with a portfolio of over 500 units in strong secondary markets in Texas. He's also a former lieutenant in the Israeli Defense Force and has over 17 years of leadership experiences in the software industry, which helped him sharpen his business and analytical skills as well as his "big picture" perspective.
Joseph is also a fascinating guy with a lot of great real estate wisdom to share. In today's conversation Joseph takes us through his thought process comparing multifamily investing to other types of investing, and how this helped him go from zero to 500 units in less than three years.
We also discuss the massive generational shift in demographics that is having an enormous impact on rental housing, Joseph's three rules of investing that will see him through good and bad economic cycles, and how he's in the process of changing out his management team.
Joseph also makes it clear that Multifamily investing is not as easy as some might say. It takes a lot of work and perseverance, and Joseph discusses the many challenges that he's had to face.
I know you're going to enjoy this highly enlightening conversation. Joseph is also a broker and uses his 360 degree perspective of multifamily investing and ownership to help his buyers and sellers. You can learn more about Joseph through his brokerage website and his acquisition website:
Mar 11 2019