Rental Property Owner & Real Estate Investor Podcast

The RPOA's annual conference will be held virtually in 2021! Each month beginning this Thursday, February 18th, we'll be bringing you an exciting new main event - national speaker, deal room, breakout sessions, or legislative and economic updates - in addition to each event having plenty of opportunity to network (up to 500 people per event!) and chat with vendors and sponsors! The conference is free to everyone this year and will be held over the course of 12 months. We'll be using the Remo conference and networking platform. You can learn more about it here: https://www.michiganreiconference.com/about-remo Don't miss our first event on Thursday, February 18th at 11am! GVSU Economics Professor Paul Isely will provide a real estate investment and rental economic update. With plenty of uncertainty still ahead for the economy due to COVID-19, Paul's expertise in this area is incredibly relevant and invaluable. Paul's presentation never disappoints and is always a crowd favorite each year! And make sure to stick around after the presentation for networking with other attendees!

My guest today can best be described as someone who has overcome great odds to achieve incredible things. Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisiana. She's the developer of a $14Million mixed-use community and founding partner of one of the largest private real estate crowdfunding companies in her state. She also has created her own board game that she designed to teach development concepts, and she's been invited to the White House. Terrica has also had to overcome enormous difficulties and challenges, including growing up in the foster system, homelessness, and Hurricane Katrina. Today Terrica is going to share how she was able to get her real estate license after failing the test many times, how she realized that 3% commissions weren't going to cut it, how she sought out a particular type of client, and why most of those clients left her when she made a pivotal business decision. We'll also discuss Terrica's rehab projects, the board game she developed to teach development principles, and the mixed-use $14Million development she'll be breaking ground on in 2021. I know you're going to enjoy this conversation with Terrica and hope you'll be as inspired by her story as I was. You can find out more about her and her businesses through the following websites: https://www.developersboardgame.com http://saltcapitalequitygroup.com http://www.terricalynnsmith.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

According to the Mortgage Bankers Association, the delinquency rate for mortgage loans on one to four-unit residential properties has reached the highest level since 2010, when we were deep into the great recession. As of November 2020, over 7.6% of borrowers are 90 days or more behind on paying their mortgage. In the midst of this national crisis, what effect is this having on investors who own and service their notes. And how are these investors working with their borrowers to provide forbearance and other options to keep people in their homes? Here to discuss the state of note investing during a pandemic is a real thought leader in the mortgage note investment industry. Martin Saenz brings social good into smart investing through his company Bequest Funds which acquires and profits from performing and distressed mortgages. He has directly helped over a thousand families stay in their homes, and countless more through the influence of his mentorship. Today Martin is going to discuss how he's working with his borrowers to help them avoid foreclosure, the types of note opportunities he's investing in, what he's expecting to happen in the next 12 months, and the $50 Million fund he's building to acquire more assets. Martin shares a lot of great investment knowledge that I know you'll benefit from. You can find out more about Martin through his websites: https://www.bqfunds.com https://www.noteinvestingmadeeasier.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

My guest today just completed his first syndication on a 76-unit apartment complex in St. Louis, Missouri, right in the midst of the Covid pandemic. Lee Fjord got his start in property management and began investing for himself in 2016. Through the Power of Partnerships he's done a series of joint ventures and has built his portfolio up to 124 doors. Today he's going to share the up's and down's of his investing trajectory. Lee has a decades-worth of experience as a Property Manager, Commercial Leasing Agent, Asset Manager, and Commercial Property Broker. In today's conversation Lee shares the mistakes he made on rehabbing his first duplex, why you should never accept the lowest bid from a contractor, how he partnered with an ex-NFL player to acquire 37 units, and the reasons he ended up syndicating his 76-unit apartment complex. I know you're going to benefit greatly from listening to Lee's story. He very methodically built a portfolio that's positioned to expand rapidly. You can find out more about Lee or contact him by going to: https://www.greenforestcapital.com or facebook or Instagram @lee.fjord Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com

What does it mean to build Legacy Wealth in real estate investing? Many of us are doing deals, making our offers, rehabbing and flipping our properties, and trying to make a profit. But when we look beyond our day-to-day workflow, what do we see ahead of us? Are we actually building Legacy Wealth that will allow us to retire with passive cashflow and support our families when we're gone? We're going to discuss that topic today with Joe Bell. He's an expert at helping Real Estate Professionals build legacy retirement and wealth, and he's the author of "Asset Acquisitions & Abundance: A Guide To Building True Wealth & Legacy Through Real Estate" Joe has been named in the "Top 40 Under 40" in Alaska, and has been featured in places such as ABC, NBC, Digital Journal, Investor Place, and more. Today, Joe is going to describe the challenges he faces investing in properties near Anchorage, Alaska, how he's using the BRRRR method to build cashflow, and the benchmarks he's set for himself to build Legacy wealth. There's a lot of great information packed into this episode. You can contact Joe through his website: http://www.legacybeyondlistings.com

Real Estate Investing can present many challenges that both new and seasoned investors find difficult to overcome. If you're investing out-of-state, it might be difficult to get a broker price opinion, title search, or secure a property that has gone vacant. In my own business, we quite often need someone to mow the lawn on an REO, or help us create a Dodd Frank compliant mortgage. More often than not, we find ourselves needing to 'cure' a title defect on a non-performing note. These are all complicated tasks that are either time-consuming or outside our area of expertise. That's why it's so important to have a 'guy' who can handle it. Dickie Baldwin is that guy, and through his company, Baldwin Advisory Group, he helps investors all over the country with many types of legal, property, title, and financing challenges. Dickie has over 35 years of Real Estate experience as a Realtor, Loan Originator and Mortgage Professional. He's solved many problems for investors, and he's here to share some of those stories with us. Dickie will be discussing the importance of due diligence, why you need a reputable broker to create your BPO (Broker Price Opinion), why a Title Search is always a good idea, and many of the other considerations investors must make while investing across state borders. https://baldwinadvisorygroup.com dbaldwin@baldwinadvisorygroup.com

When it comes to successful real estate investing, having access to reliable and accurate data can have a huge impact on your profit potential. Technology has brought us to a point where there's an abundance of data available, you just have to know where to find it and how to use it properly. Today's guest is levelling the playing field by helping small businesses and investors get access to the same data and public records that are coveted by larger firms. Sean O'Toole flipped over 150 properties in Silicon Valley before he strategically exited the market in 2006 to focus on real estate technology. He founded ForeclosureRadar in 2007, and in 2013 he pivoted away from foreclosures to general real estate with the launch of PropertyRadar. Today, Sean is going to help us understand how data should drive our decisions, what we should look for when applying data to our due diligence, and why having access to the right data can create a consistent pipeline of opportunities and be a game changer. We're also going to discuss 'Information Arbitrage' and how understanding that concept has helped Sean profit from deals other investors have avoided. Sean is sharing a glimpse into a world that most investors spend little time understanding or researching. But those who do take the time can develop x-ray vision into opportunities that might scare away other investors. Sean is sharing a glimpse into a world that most investors spend little time understanding or researching. But those who do take the time can develop x-ray vision into opportunities that might scare away other investors. You'll definitely benefit from Sean's examples and stories. You can find out more about Sean by going to www.propertyradar.com

My guest today could be called 'prolific' in many different ways. First of all, he's an accomplished Film Composer in Los Angeles who has created music for many popular movies and tv shows. He's also prolific in his Real Estate Investing in that he's created 72 Streams of Income and enjoys his share of the cash-flow from over 25,000 rental units consisting of Single Family Rentals, Apartments, Self Storage, Mobile Home Parks, Retail Shopping Centers, and Notes. Bryan Miller is an Investor, Developer, and Film Composer. In his 16 years of Real Estate Investing Experience he's Flipped over 20 homes in multiple markets, raised over $7 Million in private money, and he's currently building 46 Single Family Homes and 58 Rental Units in Los Angeles. Today, Bryan is going to share how he built those 72 streams of income, starting with the single family rental he purchased in Los Angeles and the 19 Phoenix AZ Condos he bought during the great recession at huge discounts. We'll also learn about the passive investing he's done in other people's syndications, as well as the development projects he's raising capital for in the LA area. I know you're going to enjoy this conversation with Bryan. You can contact him through his website: https://capitalstackinvestments.com

Many businesses are struggling to stay afloat during this Covid-19 pandemic, and Commercial real estate is no exception. So how can real estate investors and professionals stay ahead of the curve, and what type of calculated risks could actually be beneficial for commercial real estate? Today, we're going to talk with an attorney who's 30 years of experience has given him insight into how to navigate this crisis in order to survive the rapidly changing commercial office and retail real estate market. Johnny Merritt is a Texas-based attorney experienced in complex corporate and real estate matters. He represents billion-dollar corporations and multi-million-dollar real estate developers. And today he's going to help us understand the extent of the damage to commercial real estate as the opportunities in this arena. We're also going to discuss how landlords can work with their tenants to either forgive or defer payments, why you should always look for the 'right of first refusal' clause in a contract, and how fractional general counsel arrangements can save you money and avoid legal problems. I know you'll enjoy today's episode, especially the free legal insight and experience! Johnny can be contacted through his website @ https://johnnymerritt.com

During the Great Recession there was a lot of opportunity for those who knew how to invest in short sales and foreclosure properties. As the economy improved over the past 10 years, these strategies were needed less and less for various reasons. But now with Coronavirus' impact on our economy, is this cycle starting up again? My guest today not only has an answer to that question, she is actively investing in, and teaching others to invest in, pre-foreclosure and short sales. Dwan Bent-Twyford has been on numerous TV shows, she's written four best-sellers, runs her own blog and YouTube channel, and her mission is to teach people how to build a business that they can pass down to their grandchildren, just like she's doing. Today, Dwan is going to do a deep dive into short sales and the foreclosure process. She will share who she contacts at the bank and the conversation she has with them, her persuasion techniques to get the price she wants, and how she finds her distressed homeowners through strategic marketing. Dwan will also discuss her outlook on the opportunities to expect due to the coronavirus' effect on borrower's ability to pay their mortgages. This is a great episode for anyone who is looking for ways to find properties off-market by dealing directly with the seller and lender. You can contact Dwan through her website and continue the experience through her podcast: https://dwanderful.com The Most Dwanderful Real Estate Podcast Ever!