The R.E.I. Diamonds Show
The Real Estate Investing Podcast for Experienced Investors

Could you Run 6-10 Deals at any Given Time? If you are already doing this, congratulations. You can simply delete this email, buy one of these as your next deal, and carry on with your week. If you are not already doing this, let me share what this looks like. Running 5-10 deals at once means you are closing 1-2 deals every month. Steady, above average income. Running 5-10 deals at once is also a lot of work. You are managing dozens of negotiations at any time with sellers in search of that next deal. You are managing dozens of negotiations with contractors around design, repair items, and inspection reports. You have a strong rolodex of these service providers and

We are always buying value add residential, commercial, & industrial property. Happy to review any deal you might have available. Here is my observation on the residential real estate market across the US: Buyers seek perfection. Dated, “needs some repairs” handyman specials are increasingly selling only to investors at cash prices. For the past 5 years since Covid, retail buyers would accept houses that needed some work.  Not anymore. At minimum, the house must be painted & clean. Ideally new appliances. Better yet-fully renovated. In a flat or declining market, which we is the case in the majority of local markets, renovated houses hold their value. People pay for convenience, ad it is mighty convenient to move into a fully

The Five Tax Deferral Strategies 1. Self-Directed IRAs & Solo 401(k)s – These are retirement accounts you control. You can use them to buy real estate—rental properties, syndications, even lend on flip deals—so your gains compound tax-free (or tax-deferred). The rules are strict, but the payoff is real. If you haven’t explored investing from these accounts, start sooner rather than later. Every year you wait is another tax bill paid unnecessarily. Full detail here. 2. 1031 Exchanges – This IRS code lets you sell an investment property and roll those proceeds into another without paying capital gains tax—if you follow the rules to the letter. Used right, it’s a way to grow your portfolio exponentially, without the drag of taxes

A Worthy Goal for Anyone Many years ago, maybe 2012, I met one of our Private Lenders for lunch. At the time she was about 40 years old and had recently retired. She told me a story of how her dad was amused by her goal: Save $1 Million in the bank after paying the taxes, then retire on the income that $1 Million would generate. No rental properties, no flipping houses. She worked a professional career and invested her money passively in real estate deals earning 12%. As she shared the story, sitting across from me-retired-she then shared how her dad was amazed when she did exactly what she said she would. What’s the Income on $1 Million in

Lesson from Today’s Hunt We have a pool in our backyard and two ducks often hang out here. We also have a pool fence to keep out small children. Today, before writing this email, I woke up and let Charlie, my English springer, into the backyard as usual. By nature, he is a hunting breed. Ducks especially. As I followed him out I noticed the confrontation – he was chasing and attacking one of the two ducks who made the error of being on the wrong side of the pool fence. So it began, me chasing Charlie, Charlie chasing the ducks. Each time I separated Charlie from the duck I hoped the duck would fly away. Instead, the duck tried

What is the #1 Requirement of a Deal? Most people probably jump to price. I know I certainly did for the first 10 years of my career. However, here is the absolutely, most important requirement for any Deal: The Deal MUST Go to Closing I have a friend who bought a apartment complex for something like $70M just before Covid. They accepted a contract for $150M in 2022 right as rates were jumping. Imagine, almost $75M in just 2-3 years. Best Deal Possible? Because the buyer’s interest rates doubled right before closing, they  renegotiated and could close at $110M, which my friend boldly denied believing better offers would appear. Those offers never materialized, and he’d sell you the property at