If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiChris Miles is founder of Money Ripples, a company that has taught real estate investors how to increase their cash flow by over $250m over the last 11 years to reach financial freedom. He’s also the host of the Chris Miles Money Show podcast.Helpful Links:https://moneyripples.com/https://podcasts.apple.com/us/podcast/the-chris-miles-money-show/id895555599Episode Highlights:-Bank on cash flow, not appreciation- The more income streams you have, the more financially stable you’ll be- Hiring a traditional financial advisor is like the blind leading the blind. If they’re not financially free themselves, then  they can’t possibly advise you on how to achieve financial freedom- You can’t retire on mutual funds. Roth IRAs, 401ks, and IRAs are designed to keep the poor and middle class poor- If you’re looking for turnkey single-family rentals that provide significant cash flow, you should join a mastermind group that specializes in single-family properties. It is then your responsibility to vet the people you’re working with. - Chris maintains a network of multiple turnkey single-family operators that will not only sell him the property but also manage it for him. By having multiple relationships, he is able to pick the best deals that provide the strongest cash flow.

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiDavid is founder of the land investing company Easy Land Investing and actively teaches new land investors how to invest in vacant land in conjunction with Jack Bosch’s land profit generator program. In this episode we cover key topics regarding what it takes to be a successful land investor and what you need to grow and scale your business.Helpful Linkshttps://easylandinvesting.com/Land Profit Generator: https://www.landprofitgenerator.com/landflippingtraining/?amp=&fbclid=IwAR24xR9Lq35IO-nXd3UJHnsHK10MUlosJzkLsis1wUeZv5UZxiaCljRbSpg&opid=68/&orid=214006Best Way to Contact Davidhttps://www.facebook.com/david.vanginhoven.39David is live on Clubhouse every Thursday at 4:00pm CST. Follow him on Clubhouse and message him on Facebook for more details.Episode Highlights- Neutral letters (without an offer) can be a useful tool in creating a wide funnel- Don’t try to make $1 million on your first few deals. Do smaller deals to get reps in, build your confidence, and develop systems for your business.- Your virtual assistant (VA) doesn’t have to be perfect. If she or he is even just 80% accurate then you’ll be a millionnaire.- Decide how much money you want to make and reverse engineer your market and number of property owners you mail to determine how how many pieces of mail to send.- There’s over 60,000 registered real estate agents in the Dallas, TX market alone, which is one of many reasons wy investing in vacant land is far superior.- When posting on Facebook Marketplace or running ads, you cannot include images of animals, weapons or even things considered to be a weapon such as a shovel. If you do, the Facebook algorithm will block your ad/- Simply boosting a listing is a legal way for Facebook to steal your money. It is not targeted at all, and shows your ad randomly to people that may not be in the market for buying land.

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiTim is the co-founder & CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform, recruited Nathan as a co-founder, and built the company. Prior to StackSource, Tim worked for tech giants Facebook and Google where he helped expand B2B marketplaces in ad tech. Helpful Links:https://www.stacksource.com/https://wefunder.com/StackSourceEpisode Highlights:- Once you set up your profile on Stacksource, multiple banks can give you instant quotes. This saves you days and weeks of shopping around quotes on your own.- Stacksource partners you with a capital advisor to help you negotiate loan terms to ensure you’re getting the best deal.- Approximately half of the loan volume on StackSource.com is for multifamily properties. However there is also self-storage, office, industrial, and other property types.- Most lenders on StackSource are banks or credit unions, which usually take 45 days or longer to close. However, there are also private lenders on StackSource that can close in as little as 2 weeks depending on your deal and experience level.- Typically on vacant land deals, lenders require you to invest a higher amount of equity (~50% or lower LTV) to mitigate the risk of the lender being stuck with a property that doesn’t generate cash flow.- When first starting out on your first commercial deal that requires financing, it is highly recommended that you partner with a more experienced real estate investor to increase the likelihood of your lender approving your loan, as well as to negotiate the best terms on both the financing and purchase of the property.- With StackSource you’ll be able to close on your deals more quickly, allowing you to maximize the number of deals you do.- Go to https://wefunder.com/StackSource to invest equity directly into StackSource.

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiAdam is founder of Strata SFR, a platform that connects developers and builders of single family residential homes to active SFR Investment funds. Prior to launching Strata SFR Adam co-founded and ran an online single family rental marketplace called OwnAmerica. With over a decade of experience, Adam has transacted on more Single-Family Rental Portfolios than any single broker in the industry. Best way to contact Adamastern@stratasfr.com914-906-5847

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiTrevor is the founder of podcastingyou.com, a company that helps real estate investors raise capital by speaking on well-known podcasts. Key TakeawaysResearch other podcasts on ListenNotes.comIt usually takes 5 to 10 podcast episodes to get comfortable sharing your story so Trevor recommends starting with smaller podcasts first to work out the kinks before speaking on larger, more well-known podcasts.A handful of podcasts charge for you to speak on the podcast, but most (~99%) do not.Trevor recommends having several deals under your belt first and have invested in real estate for at least 2 to 5 years before speaking on other podcasts to raise capital.Always build your email list so that you can always remain in control of your assets. If all of the data is on a platform like Facebook, you’re always going to be at risk of your account being banned for some terms of service violation and losing access to your data.Most investors speak on 1 to 2 podcast episodes per week over 3 to 5 months. However, it is recommended that you continue doing so as long as you’re in business to prevent your traffic from drying up.Going forward, it is likely that there will be fewer podcasts out there, but of the ones that remain, they will be generating more high quality, consistent content. Other podcasts will fall by the wayside. Generally a podcast needs to have at least 50 episodes to gain solid traction and should be releasing episodes on a consistent schedule of at least weekly.In addition to speaking on podcasts, Clubhouse, TikTok, and Youtube are also great platforms to use to get in front of your audience.Best Ways to Contact Trevortrevor@podcastingyou.comhttps://podcastingyou.com/

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiJoin me as I speak with Daniel Martinez and Anthony Gaona, founders of HivemindCRM, which is a hybrid mastermind and CRM software package that enables you to exponentially grow and scale your real estate investing businessHelpful Links:Sign up for Hivemind: https://bit.ly/2POzYUzHivemindCRM Free Facebook Group: https://www.facebook.com/groups/137799891494707/Episode Highlights:- If you’re stuck in a rut or low point in your business, the best thing you can do is increase your marketing. If you do enough marketing you will eventually trip over a deal.  You can also partner with other more experienced real estate investors that allows you to fill in the gaps to make up for any weak areas you have. For example, you might be good at finding sellers, while your partner might be best at finding buyers on the disposition side of your business.- The cost of marketing goes down significantly the more you expand your market size.- Often you can find cheaper leads in a shorter amount of time by using Facebook ads and PPC campaigns versus conventional methods such as sending out snail mail to property owners.- To execute “free” real estate strategies, the goal is to have $0 out of pocket. To do this, it’s best to understand the needs of the seller and why they want to sell. 

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiJoin us as we speak with Paul Moore, founder of Wellings Capital. After starting his career at Ford Motor Company, Paul went on to co-found a staffing firm that he later sold, and then got involved in real estate. After investing in single families he progressed to multi-family properties, and then evolved to self-storage and mobile home parks.Episode Highlights: - Delaware Statutory Trusts (DSTs) are an excellent place to put your 1031 exchange sale proceeds to defer capital gains tax- Most DSTs are available through broker/dealers who charge a commission of 6%- With a 1031 exchange you must identify 3 properties within 45 days of selling your property, then must close within six months after selling your property. However, the problem is that most deals will be gone in less than 45 days. Delaware Statutory Trusts solve this problem.- Properties in DSTs are typically stabilized with no value add component, which results in safer, albeit, lower returns. Properties in DSTs often use triple net leases to push property maintenance expenses onto the tenants.- On a DST deal, the GP typically receives a 1% liquidation fee, an up-front fee of 2%, and an on-going property management fee of 1% to 2%. Also, depending on the trust documents, the GP is usually allowed to keep the excess return over 6%, called the “scrape”- A typical DST deal is $20 million to $100 million so fees for the GP can be much more meaningful than deals smaller than thatBest Way to Contact Paul:https://www.wellingscapital.com/Helpful Links:https://www.realized1031.com/

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiTune in to learn about Lane Kawakoa’s experience purchasing more than 4,200 multifamily units valued at more than $460 million. Lane is also the host of the Simple Passive Cash Flow Podcast and founder of Crowdfund Aloha.com and REI Aloha.com.In his prior day job, Lane managed over $250 million of construction projects.Episode Highlights:- After you master your core business it’s wise to start diversifying into other complementary asset classes such as real estate development- Real estate development in some cases can be cheaper than buying an existing building that’s often at least 20 to 30 years old. The biggest downside of doing a ground-up build is that you don’t have any historical financials to rely on - Depending on your financial situation, it might make sense to continue renting your primary residence and use that lump sum of cash required for a down payment ot instead invest in single family rental properties or syndication deals as a passive investor- To reverse the traditional pyramid of investing, invest in cash flowing prudent investments that build the base of your pyramid and do not invest in growth stocks that conventional financial advice suggests- 1031 exchanges are not actually the valuable tool they are typically touted to be. It’s usually more efficient to use capital losses and depreciation to offset the capital gains realized on the sale of the asset to avoid accruing an increasingly larger tax liability that can only be avoided at the time of your death- When vetting a syndication deal to invest in as a passive investor, focus at least 50% on the numbers and 50% on the sponsor. Some key red flags to be aware of are annual rent increases of more than 3% and thin cash reserves Helpful Links:https://simplepassivecashflow.com/https://crowdfundaloha.com/https://reialoha.com/Best Way to Contact Lane Kawaoka:lane@simplepassivecashflow.com

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiJoin us as we speak with Chris Sands, found of Sands Investment Group, a commercial real estate broker specializing in retail, convenience stores, office, and other commercial properties.Helpful Linkshttps://signnn.com/https://signnn.com/associates/chris-sands/Episode HighlightsA triple net lease (NNN Lease) is one in which the tenant agrees to pay for all expenses, including property taxes, utilities, and common area maintenance. While common for retail properties, Chris said he has seen an increasing trend of these leases across other property types as well. Each broker at Sands makes 400 to 500 calls per week (about 100 calls per day) to source deals. They also specialize in specific property types such as gas stations or fast food restaurants.Depending on the property and the market, Chris and his team typically sell properties at a cap rate of 4% to 8%.The cap rate is also affected by who is backing the lease. For example, although Chick-fil-a restaurants are sometimes sold to franchisees, the lease is still backed by the corporate Chick-fil-a balance sheet, which results in a lower cap rate (i.e., higher sales price) than would a different franchise restaurant backed by the individual franchisee.

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiJoin us as Kevin and I discuss the nuances of investing in parking lots and mobile home parks, as well as investing in syndication deals as a passive investor, and what to look out for when hiring a third-party property manager. Kevin is the Founder & CEO of Sunrise Capital Investors, which has a long track record of investing in mobile home parks, parking lots, apartments, offices, and single family homes across the US. He’s also the host of the Mobile Home Academy podcast and the highly rated Real Estate Investing for Cash Flow Podcast.Helpful Links:https://sunrisecapitalinvestors.com/https://www.kevinbupp.com/Episode Highlights:The parking lot industry is highly fragmented, run by a lot of mom and pop operators. Because of this, a lot of them are run using cash, which opens up a pandora’s box of employee theft.When Kevin hired third-party property managers interests were not aligned. The property managers were not profit driven and often went over budget on things. Kevin and his team ultimately determined that it was best to bring the property management aspect of their business in house so that they could ensure that they can continue to provide reliable, consistent returns to their investors.Sometimes mobile home parks are only licensed for a portion of the total lots that they are selling you. Always check with the city and county to determine the number of lots that are currently permitted.The underwriting for a deal is an imperfect process and always a best guess. If the asset is good and located in a good market, then it really comes down to the sponsor’s ability to execute the business plan. When considering investing in deals as a passive investor (LP) you need to first look at the sponsor’s track record. How long has she/he been doing it? How many properties have they taken full cycle from acquisition to disposition? What does their personal balance sheet look like (i.e., do they have any personal assets to go after if the deal blows up)? What is the experience other investors have had that have been investing with the sponsor for several years already?