Real Wealth Show: Real Estate Investing Podcast

Demand for single-family homes is skyrocketing in some markets, and the new build-to-rent trend is on fire to help meet that demand. Today on the Real Wealth Show, we’ll hear from a property manager in Florida who's in the middle of this new rental strategy. He says demand is so strong, there’s no shortage of tenants and that investors are lining up for newly available homes. Today’s interview is also a preview of a virtual live event that we’re hosting tomorrow. We’ll have a panel of investors comparing their experiences with both turnkey and new rental homes, along with builders and property managers who can talk about what’s available. The event is free. You need to be a RealWealth member, but it’s free to sign up at realwealthshow.com, and free to attend the event. Here's Chris, with some very valuable information on several hot build-to-rent markets in Florida as well as Atlanta.

In this episode of the Real Wealth Show, you'll hear from a cash flow expert who retired "twice" by the age of 39. Chris Miles worked as a traditional financial advisor and stock coach for years, but now calls himself an anti-financial advisor who teaches people how to quickly get their money working for them (hint: he's big on real estate and not so big on 401k's.) He's also the author of "Beyond Rice & Beans," the host of "The Chris Miles Money Show" podcast, and he's been featured in U.S. News, CNN Money, Bankrate.com, and EOFire. His website: www.moneyripples.com www.RealWealthShow.com  

It used to feel like real estate investing was a man’s world. Not that long ago, you’d see just a few women in a roomful of men at a real estate event. But that dynamic is changing. I have personally witnessed the transformation, and have met some amazing women who are closing that real estate gender gap.   My guest today is Monick Halm. She is one of those amazing women with an incredible story of success. It started with the purchase of a first home, and progressed from there. She abandoned her career as an attorney, and now has more than 14 years of experience as a real estate investor, syndicator, and developer. Today Monick and her husband, Peter, own more than 1300 rental units in six states. That includes some commercial properties that she says are pandemic-proof. Monick is also the founder of a group called Real Estate Investor Goddesses to help other women achieve financial freedom through real estate -- and, she’s a best-selling author, podcast host, real estate strategy mentor, interior designer, world traveler (when there isn’t a pandemic), and the mother of three kids. If you'd like to learn more about how to be a savvy real estate investor, you can get lots of information right here at www.RealWealthShow.com. It's free to join, and free to access a wealth of information.

The pandemic has dealt a painful blow to individuals, companies, and local governments across the nation. The economic losses hit every state, but we’re now seeing an uneven recovery from market to market. Somehow, real estate is an overall winner with home sales surging in most markets.  And while that may be pent up demand from a spring buying season that never happened, or a rush to get out of cities and into suburbs, over the long term, real estate investors need to pay attention to which metro areas will recover their job base the fastest.    With me today is John Boyd of The Boyd Company. His company provides real estate and management counsel to major North American companies like Boeing, Chevron, JP Morgan Chase, and Visa International. He’s here to explain how the U.S. business environment is changing because of COVID-19, and why that will turn some markets into winners, and some into losers. At RealWealth.com we have a list of metro areas that we think will rebound the fastest - and where housing will continue to be in demand - even during recessions. Visit RealWealth.com for details.

Sometimes a parent’s financial advice may be annoying at the time it's given, but wise children who listen to it and follow the advice can skip many years of struggle. That's what happened to a former Silicon Valley technology expert.  Our guest today listened to his dad, and agreed to buy a piece of property in San Jose back in the 1990s. Well, you can probably guess where that led him. With the appreciation from that one investment, he was able to launch a full-time real estate career, and, he has some stories to tell. Paul Fogarty is here to share the ups and downs of owning various kinds of properties from single-family homes and condos to multi-family and commercial properties, here in California and out-of-state. www.RealWealthShow.com  

Imagine moving to a new country where you can't even speak the language and don't really know the culture, and still trying to stake your claim and become a successful, contributing citizen. Our guest today did just that. Alex Kholodenko immigrated to the U.S. from the Ukraine 20 years ago, barely speaking English and with very little money.  Today, he has a successful full-time career working as a technology professional in the Silicon Valley. On the side, he's also built an impressive passive income real estate portfolio that he hopes will guarantee that his family will never go hungry. In today's interview, he'll share the ups and downs of his real estate story, with plenty of tips for people just getting started. www.RealWealthShow.com  

What if you could own a rental property and the government paid the rent every single month? The program is historically known as “Section 8” but has evolved over the years into something called the “Housing Choice Voucher Program.” That means that tenants who qualify for the subsidy can use their vouchers to rent from any landlord that accepts them. That’s turned into a pandemic goldmine for investors who already have these tenants in place. They don’t have to worry about collecting the rent.    Our guest today knows all about the voucher program in Chicago. He provides renovated properties and management to investors and most of his business involves tenants with subsidized housing. You’ll hear details on how the program works along with a wealth of information for investors wanting to know more about the Chicago rental market.   www.RealWealthShow.com

We’re living through an unusual time right now. We've been thrown out of our normal routines into a pandemic survival mode while a cultural and political war rages around us. The situation has put many of us into a state of uncertainty over our physical health, our finances, our cultural heritage, and our political future. And when uncertainty strikes, it's time to ask questions which is the heart of my interview today.    Mark Victor Hansen changed the world with his Chicken Soup for the Soul series. And today he's back with more wisdom, along with his wife Crystal Hansen. They have co-authored a new book called “Ask! The Bridge from Your Dreams to Your Destiny.” It’s all about asking the right questions as a guide toward the discovery of your dreams and the creation of your best self. And, it's something that we all might need to do as we re-establish ourselves in a post-COVID-19 world.   www.RealWealthShow.com

Many people wait to invest in real estate until they have a bucket of money. But sometimes filling that bucket takes longer than expected. The good news is, you don’t have to own a property to make money from it. Our guest today is short-term rental entrepreneur, who’s built his business on something called “rental arbitrage.” This strategy entails leasing a property and then getting permission to re-lease it as a short term rental. Jon Bell started master leasing properties and renting them out on Airbnb just a few years ago, and is now bringing in about $40,000 a year “net” as a side hustle to his full-time job. And this is the bucket of money he's using to buy long-term rentals. In today’s podcast, he’ll talk about how he did it, and why he feels it’s a relatively “risk free” investing strategy.You can learn more about Jon Bell and rental arbitrage at www.ShortTermSage.com www.RealWealthShow.com  

California is not considered a landlord-friendly state. That means laws lean toward the tenant rights, not so much the property owner's rights - which means it may be difficult to evict a non-paying tenant. Additionally, property prices are high. And even though rents are also high, they are not in line with the property price. For example, in some states, you can buy a brand new home for $200,000 that rents for $1600 per month. In California, the property might be twice that price for the same amount of rent, which translates to low cap rates. Our guest today has figured out a way to address both those issues and turn his California rentals into passive cash flow machines. And the most impressive part of this story -- he’s only 27 years old. Ryan Chaw is a pharmacist by profession who began investing just four years ago. He also likes to teach other people how to do what he’s doing, and he’s here to share that strategy. www.RealWealthShow.com