Rental Property Owner & Real Estate Investor Podcast

What does it take to find off-market deals and convert the owners of these properties into sellers? My guest today is going to help answer that question. Sterling White is a multifamily investor who specializes in value-add apartments in Indianapolis and other midwestern markets. In just under 10 years he's created a $19 Million portfolio through his company Sonder Investment Group. Sterling is a seasoned Real Estate Investor, Philanthropist, Speaker, Podcast Host & Mentor. He's also the author of the book "From Zero to 400 Units" and hosts "The Real Estate Experience Podcast". Today Sterling is going to explain what it means to overcome limiting beliefs and the three major steps he took in his life to overcome those beliefs, how he approaches owners directly and converts them into sellers, and the art of the follow-up and how it's helped him get to that all important 'yes'. Sterling is also going to share the decision that cost him $1Million, and how you can avoid making that same mistake. I know you're going to enjoy this episode with Sterling. You can find out more about him in the following ways: Instagram: SterlingWhiteOfficial https://www.sonderinvestmentgroup.com Sterling was also previously a guest on episode #163

Housing values have been rising steadily since the Great Recession, and many people, like myself, have been watching from the sidelines while investors and homeowners pay prices we wouldn't have dreamed of ten years ago. Many investors think the housing market shows troubling similarities to 2008, but my guest today disagrees and believes the housing boom is just getting started and today he's going to explain 'why'. Bob Fraser is the Founder & Principal of Aspen Funds and has purchased more than 1,000 mortgage notes earning double-digit annual returns. Today he's not only going to discuss his optimistic outlook on the housing market, he's also going to share how you can take advantage of one of the most effective and overlooked avenues of real estate investing. If you're able to watch this episode on youtube you'll also enjoy the charts and data that Bob has brought which show the economic trends of the housing market. Bob makes a great case for why the housing market still has plenty of room to continue it's rise. Bob and I also discuss what it means to be a "Lienlord", First and Second Mortgage Notes, and why investing in Second Liens isn't as risky as you might think. Bob shares a ton of great information and value in today's episode. You can find out more about him and Aspen Funds by going to https://aspenfunds.us

Anyone who has spent time researching notes and seller financing is going to be familiar with today's guest. Over the past 40 years he has purchased more than 40,000 notes and his NoteSchool executive team has bought 3.5 billion dollars in notes. He's an esteemed teacher of all aspects of real estate notes, won many industry awards and is an inaugural inductee into the Small Balance Real Estate Hall of Fame. Of course, I'm talking about Eddie Speed, and I'm excited to finally have the chance to talk with him. At his core, Eddie is a problem solver who is skilled at finding opportunity in the challenges most investors aren't able to solve. In finding those creative solutions, Eddie is able to achieve exponential profits. Over the past decade he has helped countless investors expand their portfolios by the millions using his out-of-the-box techniques --- and today he's going to share a new strategy that he's teaching & using himself to make huge profits. Eddie's going to discuss the creative ways he's discovered to negotiate and buy on terms. You'll be learning insight into seller psychology and why they're so hung up on 'getting their price' or a certain interest rate, and how you can use those needs to your advantage. We'll also discuss the mistakes sellers make when creating a note, and how and why they might eventually sell that note back to the original buyer. Eddie's examples and experience will definitely expand your mind as to what is possible when making an offer. You definitely don't want to miss this episode. You can download Eddie's new book and find out more about his business by going to https://new.noteschool.com/moneyball-getstarted/

My guest today played goalkeeper for a Big 12 Championship-winning women's soccer team, spent years touring the world as the lead guitar player in a punk rock band, and became a millionaire by the age of 31 by strategically investing in short term and vacation rental properties. Avery Carl owns a portfolio of 30 properties and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom. Today, Avery is going to help us understand the right markets to invest in, the difference between buying an Airbnb and vacation rental investing, how you can self-manage a short-term rental remotely from anywhere, and how to analyze a potential vacation rental for optimal ROI and cash-on-cash return. Avery will also share the type of loan she uses to finance her vacation home acquisitions. There is a huge amount of valuable information packed into this conversation. You can contact Avery through her website or email: https://theshorttermshop.com info@theshorttermshop.com

Today we're going to talk about the dirty and gritty side of investing in real estate and the unglamorous aspects that most rental owners have to deal with, such as septic clean ups, eviction clean-outs, pre-1920's construction and investing in C & D, and even F properties. These are the parts of our business that people rarely think about that can actually be quite profitable. And here to share his experience in this area is Mike Bonadies, a landlord and co-owner of a New Jersey-based property management company called TerraVestra, as well as a maintenance, preservation, and construction company called Side By Side MRO. Mike owns 25 units of small multi-family and mixed-use, and he manages 225 units. His maintenance and preservation company has worked on over 600 units and foreclosures, and they specialize in pre-1940 Multi-family construction. Today Mike is going to share his knowledge on the different types of electrical wiring and plumbing materials to look for during an inspection, septic and fuel infrastructure issues that can create expensive toxic waste clean-up problems, as well as his experiences getting rid of tenants who were selling drugs or prostitution at his properties. I know you're going to get a lot of great information that will help you make better decisions when investing in rental property. You can contact Mike by going to: https://www.terravestrapropertymanagement.com https://www.sidebysidemro.com

One of the reasons people are reluctant to start investing in real estate is that they don't want to deal with tenants, toilets & trash. And anyone who manages residential real estate will tell you that it can be very stressful and time consuming. My guest today is going to help us tackle those reservations head on. He believes that property managers can take their real estate investments to the next level through simple tweaks to their mindset and tactics, especially when it comes to working with tenants. Gary Spencer-Smith has over 20 years of experience in real estate and is an active investor with more than $10 Million in single family homes, commercial real estate and resort properties. He also just completed his new book called "The Property Manager Mindset: Reduce Stress, Save Time, Earn More Money" and he's the co-owner of RevNYou, a growing real estate education platform. Today Gary is going to share Property Manager Mindset Shifts that will help you become immune to emotional manipulation, think like a tenant to reduce stress, and solve the 3 most common tenant problems managers encounter. We'll also discuss the ad copy that attracts your ideal renters, Gary's 4-level system for ranking tenants and property to ensure rents get paid, worst-cast analysis to prepare you for anything, and Gary's systems and checklists that build confidence for tenant walk throughs, move outs, and repair requests. I know you're going to get a lot of great advice and ideas from this episode. You can learn more about Gary by going to https://www.revnyou.com by email: gary@revnyou.com Youtube: Rev N You with Real Estate

Spend the Night with me in a Haunted House! Welcome to Part 2 of our Halloween Series on Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates who don't pay rent & can't be evicted. In part one (episode #251) you were introduced to a retired reverend who has been experiencing paranormal activity and communicating with the dead since his near-death experience at the age of 5. You also met several of his paranormal research assistants and heard their stories as well. Today, we're going to take you on a ghost hunting adventure to a haunted house in the historic district of Bay City Michigan. You'll find out the strange reasons we were brought there in the first place, how the homeowner was almost pushed off a ladder by a ghost, and what happened that night after 2 A.M. that is so strange, and so hard to explain, that I can't wait to share it with you. If you're experiencing paranormal activity in your home, rental property, or place of business, you can contact Reverend Hunter through his publisher at https://thunderbaypressmichigan.com

Welcome to our Special Halloween Edition with all new stories about Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates Who Don't Pay Rent, and Can't Be Evicted. We did something similar 3 years ago on EP#94 and it was one of my favorite all-time episodes. Today we go even deeper into paranormal phenomenon and I know you're going to love this incredibly thrilling episode! I recorded so many great stories that I had to break them up into two episodes: In Part One you'll meet a group of Paranormal Researchers and the Retired Reverend who has brought them together. In Part 2 you'll get to accompany me to a Real-Life Haunted House in Bay City Michigan. I want to warn you that some of these stories will frighten you, and some may even terrify you. If you're easily scared or prone to nightmares, then this is not the episode for you. Aside from the sound effects I've added in, everything you're about to hear is the actual professed experiences of the people involved. These are real people, with real stories of paranormal events that can't be explained, and are even harder to understand. If you own a home, rental property, or business that is haunted or experiencing paranormal activity, then Reverend Hunter would like to hear from you. You can contact him through his publisher at Thunder Bay Press: https://thunderbaypressmichigan.com/contact

Hello & welcome to episode 250. We've reached the quarter-century mark and I thought I'd do things a little differently to celebrate this milestone. We're not going to have a guest today, I'm just going to spend a little time talking with you about the show: giving you a behind-the-scenes peek at how we put it together, answering some of your questions and feedback, and sharing the systems, technology & lessons I've learned from hosting this show over the past 249 episodes. I'll also be discussing some of the deals I've done with people I've met through the show, as well as my outlook on the real estate market and the property I just closed on this week that we intend to develop. You'll also find out why one of my favorite all-time episodes is the one that will be going live next week. I hope you enjoy this behind the scenes tour. I'm very grateful for the opportunity to share these past 250 episodes with you, and want to thank the incredible team at the Rental Property Association for making it possible.

When you live in a high cost area such as the San Francisco Bay community, you have to apply some serious out-of-the-box thinking to achieve profit in real estate investing. Over the last six years, today's guest has taken over 50 multifamily units from negative to high cash flow positions using the traditional BRRRR model as well as fix & flips. She's also figured out a way to double her money in multifamily investing in under two years. Sri Latha has been investing in multifamily since 2014 and she brings her experience as a data scientist and researcher to the finding, analyzing and acquisition of commercial multifamily. Sri and her husband are also under contract for several hotel-to-multifamily conversions. Today Sri is going to share how she's able to double her investment within one to two years as well as her strategy for buying in high-cost, rent-controlled areas of California. We'll also be doing a deep dive into Sri's three favorite techniques, which are Cash For Keys, ADU's (Accessory Dwelling Units), and Layout Changes. We'll also discuss her hotel rehab and conversion strategy that she's about to employ, and learn how and why rezoning is one of the most profitable things you can do in real estate investing. I know you're going to enjoy this conversation with Sri, and it's very likely she will change the way you think about profiting from Real Estate. You can get in touch with her through www.thesrilathagroup.com and Instagram or sri@thesrilathagroup.com