Collecting Keys - Real Estate Investing Podcast

What did you think of todays show??The real estate news machine may be slow, but we’re still seeing some of the same issues: high interest rates, affordability issues, collapse of the commercial market, and the disappearance of big, cash flowing deals.In this episode, Mike and Dan discuss these challenges in the real estate market and how to adapt your investment strategies to survive the current economy. This includes the struggle to find buy and hold properties that once promised heavy cash flow, prioritizing liquidity over equity in a real estate market that demands capital, and more.They also discuss why they prefer wholesaling properties versus dealing with retail buyers and how to vet new buyers while sharing stories of some of their most wild buyer stories.Catch this episode for advice and insights on making smart investment decisions!Topics discussed in this episode:Wholesale versus retail buyersNavigating complex relationships in real estate transactionsCurrent challenges affecting real estate investorsThe real estate misinformation trending on social mediaHow to survive the present-day real estate marketWatch the new Collecting Keys Animated Adventures series on YouTube! https://www.youtube.com/@collectingkeysCheck out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.youtube.com/@collectingkeysThis episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??The Flippin’ Mayor, Perry Keenan, is proof that learning by taking action is the best way to establish yourself as a real estate investor. After facing near bankruptcy, he pivoted his strategy from solely flipping houses to holding properties in order to achieve sustainable wealth. In this episode, Perry shares the asset accumulation strategy that served as the foundation to expand and diversify his portfolio with cash flowing rental properties. He dives into the crucial advice that helped him scale his real estate business, touching on the importance of networking and building a reputation in your community.Perry also discusses his newest venture into mobile home parks, as well as his ingenious tip to increase cash flow on rental properties.Tune in to learn how to maximize cash flow and leverage your real estate portfolio for long-term wealth and business growth!Topics discussed in this episode:Building sustainable wealth with real estateTransitioning from flipping to being a landlordLeveraging partnership to expand your portfolioFinding deals on the MLSPerry's rental payment strategy for increased cash flowThe importance of mentorship and communityConnect with Perry Keenan:https://www.instagram.com/theflippinmayor/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??This week’s Friday Focus details a deal case study that’s anything but ordinary. SCALE member Wes Steimel shares a memorable deal that features a seller named Carol Baskin, an alleged assault, and a post-close addendum.The deal unfolded over a period of four months, with Wes dedicating a total of 16.5 hours in phone calls and 150 text exchanges to net a profit of $31,000. But there were roadblocks along the way, including a seller navigating a divorce and not having the funds needed to move out of the property and into a new place before going under contract.In this episode, Wes reveals how he overcame every challenge in this complex deal, from sending out his first batch of direct mail to closing on the sale of the property.Tune in to learn from this demanding yet rewarding real estate transaction!Connect with Wes Steimel:https://www.instagram.com/wessteimel/Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??What investment strategies are winning in today's real estate market? With rising interest rates, how do you keep cash flow and business growth aligned? What are the must-have skills for thriving in the current real estate climate?Today’s episode of the Mike and Dan show addresses all these questions and more, delving into the modern investor’s struggle to maximize returns during an economic downturn. They discuss the significant impact of rising interest rates and taxes, alongside the challenges of refinancing, dwindling cash flow and property appreciation.If you’ve experienced these challenges yourself, then you don’t want to miss this conversation! Mike and Dan cover key ways to navigate the current market cycle, such as considering CapEx, diligent property maintenance, strategic selling of assets, and more.Tune in to learn how to find long-term success in any real estate market!Topics discussed in this episode:Breaking lease agreements as a landlordPros and cons of homeownershipViability of the appreciation strategy in fluctuating marketsImpact of rising interest rates and taxes on investment strategiesThe role of property maintenance and turnover in investment strategyCurrent real estate trends and future predictionsCheck out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??The co-living investment model is a high-yield real estate strategy that’s becoming popular with both investors and renters. The math is simple: more renters equals higher returns. On the show to share his experience scaling a co-living real estate business is Sam Wegert, a true entrepreneur and co-living operator for over 20 years.In this episode, Sam dives into the profitability and scalability of the co-living model. He addresses common misconceptions about co-living investments, highlighting the advantages of its membership-style framework over traditional landlord-tenant regulations. The benefits discussed also include offering a safe, communal environment and solution to the affordable housing crisis.For investors intrigued by the co-living model, Sam breaks down the details of transforming properties into co-living spaces, vetting tenants, and more.Tune in for his advice on entering this new market and scaling a real estate business!Topics discussed in this episode:Learning business principles through his martial arts businessThe co-living real estate modelCreating co-living communitiesLegal framework and tenant laws for co-living propertiesProfitability of co-living spacesCo-living as a solution to the affordable housing crisisConnect with Sam Wegert:https://www.instagram.com/samwegert/https://scaleyourrealestate.com/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??Are you a cheap landlord, or just a smart landlord? In this week’s Friday Focus, host Dan Austin dives into the economics of landlording in an episode inspired by a fiery debate on one of his recent Instagram posts.Dan shares his view on providing amenities like in-unit laundry appliances, balancing the responsibility to provide value and make a profit as a landlord in the decision-making process. He dives into the larger economic factors impacting landlords, like rising property taxes and insurance rates, and how to combat these issues in the current market.You’ll learn the economic reality of being a landlord — and spoiler alert; there’s most likely no big cash flow in your future as a landlord.Tune in for a quick discussion on landlording, property cycling, and more!Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??There’s a lot of misinformation and confusion about real estate investing out there, from the idealization of using other people’s money (OPM) to the exaggerated success of sub to deals.In this episode, Mike and Dan reveal the truth about the OPM method, challenging the popular narrative that it's an easy and accessible strategy for all investors. They discuss the ethical considerations of private money, the responsibility investors have to lenders, and why so many people seem averse to institutional money.Mike and Dan also share updates on their first commercial property and latest investments, delving into the nuances of creative financing and being a leader in your business.Overall, this episode is a lesson on the importance of having the real estate knowledge to combat the lies you see on social media and close deals through creative financing. Tune in now!Topics discussed in this episode:The ethics of real estate investingWhy your real estate knowledge mattersThe reality of using private moneyClosing on a commercial real estate propertyCheck out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??Trying to scale your real estate business? You’ve likely already started building a strong portfolio and hiring a team, but have you given any thought to money management?In this episode with real estate investor and CFO Michael Glaspie, we explore the essential role of financial management and planning for entrepreneurs looking to scale. With dual expertise in real estate and finance, Michael shares insights from his experience in fractional CFO services, delving into the importance of tracking finances, understanding gross versus net profit margins, tax strategy and more.He also covers practical financial strategies like the Profit First Method, his favorite way for business owners to reward themselves while also reinvesting back into their business.Tune in to learn more about scaling your real estate business and reaching your goals through money management!Topics discussed in this episode:The role of a fractional CFO in real estateThe importance of money management in business strategyKPIs to look at in your real estate businessOptimizing your business at scaleThe Profit First Method for entrepreneursWhat to expect from CFO servicesConnect with Michael Glaspie:https://www.instagram.com/michael.s.glaspie/https://www.youtube.com/channel/UC2sBtB4DJVkOF4zvvDqqn9whttps://michaelsglaspie.com/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??Diversifying your investment portfolio is a smart move, but transitioning from residential to commercial properties brings its own set of challenges and opportunities. With their first commercial property under contract, hosts Mike DeHaan and Dan Austin are learning firsthand the pros and cons of this new asset class.In this episode, Mike gives a quick rundown of the lessons they’ve learned as they navigate commercial real estate investment. From the price of renovations to their experience with lenders, he shares insights on what you can expect when venturing into this market.If you’re curious about commercial property investment, listen to this Friday Focus now!Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??Is the market finally bouncing back from the effects of COVID? Are people finally realizing passive income is a myth?This episode of Collecting Keys is a reality check on what it means to be an entrepreneur and the notion that passive income is a viable path to wealth, especially in the real estate space. Mike and Dan dive deep into the post-pandemic real estate landscape, sharing the market improvements they’re seeing and strategies for taking advantage of these changes.They also discuss the risks and rewards of entrepreneurship, the importance of aligning investments with your risk profile, and the practicality of real estate as a side hustle.For aspiring entrepreneurs, this episode is a must-listen!Topics discussed in this episode:COVID’s impact on real estateThe risks of entrepreneurshipReal estate as a side hustleThe reality of growing a real estate businessCheck out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com