Rental Property Owner & Real Estate Investor Podcast

Joe Howard and Kevin Schultz were standing in the middle of a dumpster when they came up with a business idea that would change their lives. As real estate investors, they knew there was a huge need for getting rid of all the junk that accumulates in the houses they were looking at for flipping or rehabbing. So they became the owners of "Junk King of West Michigan". Through this business they've been able to find opportunities that most investors never get to see. Today they tell us about those opportunities and share stories of the less-than-glamorous side of the junk removal business. Joe and Kevin discuss the traits that make for a good partner both in real estate and business, the first rehab they did together and the challenges they faced, an abandoned house full of cat litter, and how they donate a lot of their time and items to Family Promise, a local non-profit serving homeless families in West Michigan. You'll also learn tips on how to deal with bed bugs and fleas, and how to properly dispose of paint. Joe and Kevin can be contacted through Junk King by phone or their website: 1-888-888-JUNK https://www.junk-king.com/locations/grand-rapids/ Enjoy the show!

With the recent passage of the Trump Administration's Tax Cuts and Jobs Act, there have been a lot of questions from real estate investors and rental property owners about how the new tax changes will affect their tax preparation for 2017 and beyond. Here to explain the changes and their potential benefits to investors is Duane Culver, CPA and President of Culver CPA Group. Duane will give us the low-down on the following topics: The Return of the Education Deduction, changes in 2017 regarding Depreciation & Bonus Depreciation, Section 179 and how it affects your ability to write off capital expenses, the drop in tax rates throughout the different tax brackets, changes to the Standard Deduction, ways in which congress is trying to simplify Tax Laws, how those tax laws affect LLCs, and ways in which Real Estate Investors save tax dollars from these changes. If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing. The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits. Duane can be contacted by email, his website, or phone: dculver@culvercpagroup.com www.culvercpagroup.com 616-456-6464 Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.

This is a Special Re-Broadcast of last year's episode with Jeremy Cole and Ramon Huerta. You can WATCH THEM This Saturday, March 3rd at 7 p.m. on the show "Gritty To Pretty" on the DIY Network. HGTV has shown a strong interest in taking their show to series, so the more people who watch, the more likely we'll get to see more! Whether you love or hate those HGTV shows on Rehabbing and Flipping, you're going to really enjoy today's conversation. Ramon Huerta and Jeremy Cole host a 'Property Krawl' every month in Kalamazoo, Michigan, where they invite all levels of investors to accompany them on a tour of properties that are ripe for rehabbing, flipping, and buy & hold investing. Ramon is a realtor/investor, and he chooses the homes to view, while Jeremy uses his contractor skills to help others understand the costs involved in rehabbing the properties. Together, they strive to help beginning investors understand the complexities of acquiring, rehabbing, and owning rental property, while sharing creative strategies with the more experienced investors who also join in. We also discuss the economic dynamics of Kalamazoo, a city where you can still buy houses for under $10,000. I highly recommend visiting the facebook page for 'Property Krawl', where you can see videos and photos of the events. You should also take a moment to go to itunes where you can rate and review this podcast! Enjoy!

When it comes to raising Other People's Money, syndication is both a science and an art. There are specific and time-proven ways to do it right, and many ways to do it wrong. Today David Toupin, a Detroit-area investor and syndicator, will share his top-ten tips on Successful Syndication. David's company, Borland and Toupin Holdings, owns and manages a $6 Million Dollar Portfolio of 120 units, as well as single-family fix & flips. David will discuss the tools he uses as an investor, he'll explain 'Preferred Returns' and 'Annual Returns', and why its important to make your investment opportunity as easy as possible for your investors to understand. This is a great episode to listen to if you're interested in Syndicating Multi-Family and Apartment investments, or if you're curious about raising Other People's Money. You can contact David through his website or facebook page: www.theborlandgroupllc.com facebook: @thedavidtoupin

From the outside looking in, Shaun McCloskey was a successful real estate investor and making a ton of money doing short sales and pre-foreclosure investing. But deep down he know that he was working way too much and becoming consumed by his business. He needed a better balance, and a better vision for his business. Today Shaun discusses the Lifeonaire strategy that he discovered, and how it helped him redefine his relationship with his family, with success, and with the debts he had taken on to build his business. He also explains how anyone can design their own vision for what you want your life to look like, and then reverse engineer your business to make sure it serves your vision Shaun also tells us why the worst day of his life was the day he made $102,000 on a deal, and how he felt when he lost $87,000 on the first deal he ever did after losing his job. He's since gone on to do over 300 deals and only lost money three times. Shaun is also a featured speaker at the RPOA's annual Real Estate Investor and Landlord Conference & Expo, which is happening February 22-24 in Grand Rapids, Michigan. You'll definitely want to hear him speak live, and you can register for FREE at www.rpoaonline.org For anyone who works too hard and wishes they had more time to spend with their family and friends, this episode is for you!

Is it possible to buy a house that no one else wants for $5,000 and then turn that house into a successful money maker? My guest today, Larry Goins, says that not only is that possible, but you can earn more than the average investor makes on a house worth 10 to 20 times that amount. And he has real-life examples to back that up. Larry has been investing in Real Estate for over twenty years, and has developed strategies that allow him to buy 10 to 15 properties per month without ever leaving his office. Today Larry shares his "Filthy Rich" techniques using Seller Financing and Lease Options. Larry also gives examples of how he uses facebook, craigslist, and ebay to find leads and buyers. You can also hear Larry speak live at the RPOA's Annual Real Estate Investor and Landlord Conference & Expo, which is happening in Grand Rapids, Michigan February 22-24, 2018. This is an event you Don't Want to Miss! You can register for FREE at www.rpoaonline.org

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!

Twenty years ago, Donna Bauer was making $1 an hour babysitting as a stay-at-home Mom. Then she learned about Buying Notes and made over $5,000 on her first deal. Since then, she's taught over 100,000 people how to profit from buying notes using her tried & true methods. Today Donna shares with us why she prefers Seller-Financed Performing Notes, and how she profits from them without using any of her own money. We also compare the risks of buying Performing v.s. Non-Performing Notes and learn the best sources for finding Sellers. Donna also discusses the Return On Investment she expects, and how you can accelerate and increase your profit by helping the buyer refinance the note. Donna's experience and tactics can help you take your real estate investing to the next level. You can also be there when she speaks at the Michigan Landlord & Real Estate Investor FREE Conference, February 22-24 in Grand Rapids, Michigan. Goto www.rpoaonline.org to register for FREE

Anytime we talk about Investing in Apartments and Multi-Family on this show, there is always a huge response from our listeners. So I know you're going to enjoy today's conversation with National Expert Anthony Chara, the President of Apartment Mentors out of the Greater Denver area. Anthony has invested in over 1,700 units worth over $45 Million in value, and he's ready to share his experiences with our listeners. You're going to find out how his apartment investments weathered the great recession, how he finds and funds his opportunities, the types of due diligence he does on the property and the market, and why its so important to know whether the city & state is tenant or landlord friendly. Anthony also shares the challenges he's faced when taking over a struggling property, the details of a completely vacant 96-unit he acquired for $311k, the seller who committed fraud by cooking his books, and his current market perspective and how its shaped by local cycles. I know you're going to learn a lot from today's conversation. You'll also be able to see Anthony in person when he comes to Grand Rapids for the 2018 Michigan Landlord & Real Estate Investor FREE Conference and Expo, which is happening February 22-24, 2018. You can register for FREE at www.rpoaonline.org

** 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: paulleason.com www.rubiconinvestmi.com jacquescyr@bhhsmi.com Jacques phone # 617-775-9352