Investing in Hotels with Mike Stohler

 

Investing in Hotels with Mike Stohler

 

Guest: Investing in hotels with Mike Stohler.  Mike is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group.  Including apartment complexes, houses, and hotels, Mike has owned or operated over 1300 units.  Seeking value-add opportunities and higher returns, Mike pivoted from multi-family to hotels and now focuses exclusively in this niche.

 

Big Idea: Investing in Hotels is really a two-fold investment.  First you’re investing in the real estate where the hotel is located.  Second, you’re investing in the business of running that hotel successfully.  Because of this dual nature, hotel investing can be riskier than other real estate investments while offering larger & faster returns when executed properly

 

 

    

 

Dan Breslin: Today’s guest, Mike Stohler, is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group. Including apartment complexes, houses, and hotels, Mike has owned or operated over 13,000 units. Seeking value-add opportunities and higher returns, Mike then pivoted from multifamily to hotels and now focuses exclusively on this niche. Investing in hotels is really a two-fold investment. First, you’re investing in the real estate where the hotel is located. Second and maybe more importantly, you’re investing in the business that is running that hotel successfully. Because of this dual nature, hotel investing can be riskier than other real estate investments but at the same time offer larger and faster returns when executed properly.

Dan: All right. To give some background, maybe you just want to start with the evolution of your real estate career and what your business looks like today.

Mike: Sure. Yeah. I’ll try to keep it quick. I’m a little bit older. I got started, I caught the PG days, the pre-Google days, and absolutely failed. I did probably what a lot of you did is I read Rich Dad, Poor Dad, got excited, bought some tickets to seminar land, and then bam! Okay. I’m in small-town Indiana at the time. Buying was the easy part and then I didn’t know how to be Atlanta[?]. I’m like, “Okay, wait, there’s the paperwork? What’s the least- get out. Oh, I need a 5-day notice[?]. I didn’t know anything, right? I couldn’t google anything. I failed and failed miserably just because I just didn’t know what to do. We don’t have podcasts. We don’t have mentoring. We didn’t have any of that back in the days.

If I needed a tenant, it’s like, what do I do? Put an ad in the newspaper, and it’s the old day of doing things old way. Fast forward, now, what I did is I learned. I was like, “Man, this is the way that I need to do it. This is how you make money. Real estate is it.” I actually went to work for a property management group because I was like, that’s the part that- the buying was the easy part, but how do I get experience? How do I get a mentor? I actually went and worked for them and I learned that end of it.

I learned how to be a landlord because there are two parts of [inaudible]. You’re an investor, but then once you get the asset, how do you become the landlord of someone who wants to stay in your asset? You have to learn both sides of it. That’s what I did. Then I started in 20- about ten years later, this is probably 20- during the recession time period. I started getting back into it because I was like, “Okay, there’s going to be some deals. I now have money. I have some cash. I have a good job. Let’s get back into it.”

Fast forward, I went from fourplex to 2 hotels, to 20 homes. I owned, managed around 1300 units of multifamily, and I did that within about a 7, 8 year time period.

 

This Episode of The REI Diamonds Show is Sponsored by the Kiavi- Kiavi Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.com

 

Resources mentioned in this episode:

https://www.GatewayPE.com/

 

For Access to Real Estate Deals You Can Buy & Sell for Profit:

https://AccessRealEstateDeals.com/

 

Mike & I Discuss Hotel Investment:

  • Repositioning Hotels while Enjoying Cash Flow

  • Site Selection-Finding the Right Location

  • Recognizing Profitable Hotels Post-Covid

  • Outsize Returns from Investing in Hotel Deals

    

Relevant Episodes: (There are 204 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

How to Make NNN Lease Investments with Drew Wahlgren of Mag Capital Partners

 

How to Make NNN Lease Investments with Drew Wahlgren of Mag Capital Partners

 

Guest: Drew Wahlgren began his career as a risk analyst at Liberty Mutual Insurance.  He then leveraged that experience into his current role as Director of Capital Markets with MAG Capital Partners, a commercial real estate firm with a focus on the sale/leaseback strategy of NNN lease investments.    

 

Big Idea: NNN Lease Investments made through sale/leaseback agreements with owners who occupy commercial real estate can be the lowest risk real estate investments available in the market.  On this episode, Drew and I discuss the relative safety of NNN Lease Investments, the latent risks in multi-tenant industrial deals, and MAG Capital’s recent direction of simply buying operating businesses.

 

 

    

 

Dan Breslin: Welcome to the REI Diamond show. I’m your host, Dan Breslin. And this is Episode 203 on How To Make Triple Net NNN Lease Investments with Drew Wahlgren of MAG Capital Partners. If you’re in Building Wealth through real estate investing, you are in the right place. My goal is to identify High Caliber Real Estate Investors, and other industry service providers, invite them on the show, and then draw out the Jewels of Wisdom. Those tactics mindsets and methods are used to create millions of dollars and more in the business of real estate.

Drew Wahlgren began his career as a Risk Analyst at Liberty Mutual Insurance. He then leverages that experience into his current role as director of capital markets with MAG Capital Partners. A commercial real estate firm with a focus on the sale-leaseback strategy of “Net Net Net Lease Investments”, “NNN Lease Investments”, “Triple Net Lease Investments” made through sale-leaseback agreements with owners who occupy the commercial real estate can be the lowest risk real estate investments available in the market.

In this episode, Drew and I discussed the relative safety of “Triple Net Lease Investments”, the latent risks in multi-tenant industrial deals, and MAG Capital’s recent direction of simply buying entire operating businesses. Please enjoy this conversation with Drew Wahlgren.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

www.MAGcp.com

 

Drew & I Discuss NNN Lease Investments

  • Why NNN Lease Investments Offer Predictable Returns

  • How to Underwrite Risk of NNN Lease Investment Deals

  • Benefit of Buying with Tenant in Place

  • Shift to Private Equity & Investing in Operating Businesses

    

Relevant Episodes: (There are 203 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

Probate Leads, Data, & Real Estate Deals with Bill Gross

 

Probate Leads, Data, & Real Estate Deals with Bill Gross

 

Guest:  Bill Gross is a real estate agent, investor, and probate expert working the California real estate market.

 

Big Idea: Most real estate attorneys, agents, & investors have no idea how to properly probate an estate quickly.  Probate deals often linger for months & sometimes years before finally receiving a clear to close.  Bill’s focus is exactly those types of deals.  He finds the most challenging probate cases and quickly clears the issue and gets to closing quickly, where everyone gets paid.  Bill and I go deep on Probate and share quite a few resources including where to get probate data, how to work probate leads, and the #1 nationwide resource for handling probate cases.  Hint, this is NOT your local attorney

 

 

    

 

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin. This is episode 202 on probate leads, probate data, and real estate deals with Bill Gross. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers. Invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, and methods used to create millions of dollars and more in the business of real estate.

Today’s guest, Bill Gross, is a real estate agent investor and probate expert. Currently working in the California real estate market. Most real estate attorneys, agents, and investors have no idea how to properly probate an estate quickly. Probate deals often linger on for months and sometimes years before finally receiving a clear to close and getting us all paid. Bill’s focus is exactly those types of deals. He finds the most challenging probate cases, and quickly clears the issues, and gets to closing quickly where everyone gets paid.

Bill and I go deep on probate and share quite a few resources including where to get probate data. How to work probate leads? The number 1 nationwide resource for handling probate cases. Hint, this is not your local attorney. Please enjoy this conversation with Bill Gross.

Dan: Bill Gross, welcome to the REI Diamonds Show. How are you doing today?

Bill Gross: I’m doing great. How are you?

Dan: I’m doing good. So I like to location and market stamp my episodes lately. Whereabouts in the US are you recording from and doing business?

Bill: Well, I’m in Los Angeles, California, where I live. I have lived here for 25 years. I’m a native Southern Californian. I do business throughout California. In probate real estate has wide geography. So I currently have sold or currently listed property in 8 Counties in California. I stayed in California overall.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

www.TheLAProbateExpert.com

 

Bill & I Discuss Probate Leads, Data, & Real Estate Deals

  • California Real Estate market

  • How to find the BEST Probate Opportunities

  • Benefits of Being a Broker INSTEAD of an Investor

  • #1 Resource for Handling Probate Cases Nationwide

    

Relevant Episodes: (There are 202 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

How to Run Real Estate Facebook Ads with Chad Keller

 

How to Run Real Estate Facebook Ads with Chad Keller

 

Guest: Chad Keller is a real estate investor, a Facebook and marketing funnel expert, and the Co-Founder of Motivated Leads, a digital marketing agency that helps real estate investors expand their portfolios quickly by generating quality motivated seller leads.

 

Big Idea: Advertising directly to sellers for off Market deals is one of the most reliable methods for building a real estate agent OR investor business.  Chad & I discuss how to run Facebook & Google ads for motivated sellers.  We also dive into his own experience as a real estate investor with his method on choosing very specific house in very specific reasons to maximize returns.

 

 

    

 

Dan Breslin: Welcome to the REI Diamond show. I’m your host Dan Breslin and this is episode 201 on how to run real estate Facebook ads with Chad Keller. If you are into building wealth through real estate investing, you are in the right place. My goal is to identify high caliber real estate investors and other industry service providers, invite them on the show and then draw out the jewels of wisdom – those tactics, mindsets, and methods used to create millions of dollars more in the business of real estate. Our guest today is Chad Keller. Chad is a real estate investor, a Facebook and marketing funnel expert and the co-founder of Motivated Leads, a digital marketing agency that helps real estate investors expand their portfolios quickly by generating quality-motivated seller leads.
The big idea here is advertising directly to sellers for off-market deals. It is one of the most reliable methods for building a real estate agent or a real estate investing business. Chad and I discuss how to run Facebook and Google ads for motivated sellers. We also dive deep into his own experience as a real estate investor, with his method on choosing very specific houses in very specific neighborhoods, for very specific reasons to maximize returns. Shall We Begin? Hi, welcome to the REI Diamond Show, Chad. How you doing today?

Chad Keller: Good, Dan. How about yourself?

Dan: I’m also doing well. Yeah, so let’s get started with a little bit of a location stamp. I’m recording from Chicago. What market are you living focused in? And, before we dive into the rest of it, will probably start with real estate stuff. So market location.

Chad: We’re in Pittsburgh, Pennsylvania. We work with investors throughout the nation, but our market specifically is Pittsburgh.

Dan: Okay, cool. Before we get into the real estate topic. I was doing some research on LinkedIn. I think I saw that you had built and sold 3 e-commerce brands. Would you mind just touching on that? Going a little bit of a dive on that before we get started?

Chad: Yeah, that’s pretty much actually how I got into marketing. It was about 8 years ago. I was selling products on Amazon. Facebook was kind of in its heyday where you could really put up anything and have a good product that differentiate itself a little bit. And that’s when ads were so new, ad space was very cheap. You could get like 10 to 15 row ads which is return on your spend on those channel, on Facebook specifically. So I was able to grow e-commerce brand, pretty large and about 18 months off of that one brand. It was actually a brand that we put wood veneer that you put on kitchen cabinets. We put on phone cases, bottle openers, a lot of wholesale and everything. But also then created other brands that would sell those products without the veneer on. So it was like three brands and companies within one product. It’s able to do that acquired. We were making so much money having videos go viral. Reinvesting that money in Facebook so I kind of self-taught myself Facebook from that. And then, started consulting for startups and then get more into market, in certain marketing agency.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

https://Motivated-Leads.com/

 

Chad & I Discuss Running Ads on Facebook:

  • How to Run Effective Ads

  • Why Spending MORE per Lead is Better

  • Minimum Effective Budgets

  • Mistakes made When Advertising for Seller Leads

    

Relevant Episodes: (There are 201 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

Passive Investing in Apartment Syndications with Camilla Jeffs

 

Episode: Passive Investing in Apartment Syndications with Camilla Jeffs

 

Guest: Camilla Jeffs is the founder of Steady Stream Investments a company focused on providing investment opportunities in large multi family and senior housing communities.

 

Big Idea:  When investing in syndications, choosing the right Operator is as important, if not more than selecting the right market.  While you’re technically investing in an apartment deal, you’re really investing in the people running the deal.  By this line of reasoning, your ability to select profitable investments hinges on your ability to select people with whom you’ll invest.

 

 

    

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin. This is episode one hundred and ninety-five on Passive Investing in Apartment Syndications with Camilla Jeffs.

Camilla Jeffs is the founder of Steady Stream Investments, a company focused on providing investment opportunities in large multifamily and senior housing communities.

When you’re investing in syndications, choosing the right operator is as important, if not even more important, than selecting the right market or asset. While you’re technically investing into an apartment deal, you’re really investing in the people who are running the deal. It’s probably obvious. But by this line of reasoning, your ability to select profitable investments hinges on your ability to select the right people with whom you will invest.

Camilla brings her background, her experience in the corporate HR world, her ability to select professional talent to the apartment syndication investing business. She also acts as a general partner on her deals. We double click on her investment team, selection process, favorite asset classes, and markets to invest and more during this episode.

Let’s begin.

All right. Welcome to the REI Diamonds Show, Camilla. How are you doing today?

Camilla Jeffs: I’m doing great, Daniel. Thank you so much for having me on.

Dan: Yes. Absolutely. I know a little bit about you. But for anybody who may not recognize the name, could you kind of go through – we’ll call it – the origination story?

What did you do before real estate? How did you find real estate? How did real estate investing evolve into Steady Stream Investments in your business model today?

Camilla: Yes. Perfect. I started real estate investing when I was quite young. I got my first property at the age of twenty-two. It was a house hack that we did.

We didn’t know about it. It wasn’t a cool term back then, house hacking. We just figured out we want to own our own place, but we didn’t have enough money to own our own place, basically.

So we bought a home that had a basement apartment in it. We rented it out. It worked out perfect. We only paid about one hundred dollars a month in rent to live there. It even had a pool in the backyard. It was so cool.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

www.SteadyStreamInvestments.com

 

Camilla & I Discuss Passive Investing:

  • Investing in 100 Unit+ Apartment Deals

  • Market with the Most Promise

  • Identifying the Biggest Risk in a Syndication Deal

  • Understanding Whether You should consider Syndication Investing

    

Relevant Episodes: (There are 195 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.