Dani Beit-or: Leveraging Repetition and Reinforcement in Real Estate Investments

 

Dani Beit-or: Leveraging Repetition and Reinforcement in Real Estate Investments

 

Guest: Dani is a 20-year real estate investing veteran with extensive experience in the US market. He has collaborated on nearly 5,000 transactions since 2004 and has helped hundreds of investors cultivate robust property portfolios across a variety of metropolitan areas. Dani’s investment strategies have been refined from his experience during the 2008 market downturn, and he now leverages his expertise to help investors at all levels, from novices to seasoned professionals, optimize their real estate investments.

 

Big Idea: Dani Beit-or shares his 20+ years of experience as a real estate investor. He discusses the need to have each property standalone and pay its own expenses, the power of repetition and reinforcement and the kindness of those in the real estate industry in helping one another. Additionally, Dani explains how he uses his real estate investments as a 401K. This podcast is an invaluable source of advice for anyone looking to venture into real estate investing.

 

 

    

Dan: Cool. So I’m here in Chicago, listeners know I’m back from Florida, spent the winter there. It was pretty cool. I wish I was still there because it’s not quite done being winter in Chicago yet. But one of the things most of the listeners probably know, I think we were talking about before the show started, so I buy, sell. Buy, fixi and sell, I own rentals, and I do that in Philadelphia, originally. I moved to Chicago in 2015, so I could be near my daughter who was heading into late middle school at the time. So I was like, oh, it’s now or never. She’s back in Philly now at college. I’m still in Chicago. That’s how I ended up in Chicago. And then I met someone who we opened up the Atlanta market and we did a lot around the country.

And I say all that as kind of a setup, Dani. I never would’ve probably left my backyard in Philadelphia because flipping houses, making money. I know the market, the brand, people know me, they’re bringing me deals, my contractors are there, my money partners are there. And I was afraid that when I left, the whole thing would crumble when we would go away now. And I was okay with that if that happened when I got to Chicago, but grace of God, the business grew and things continued in all three areas. So that was my catalyst for looking around the United States at other real estate markets. And we’re now eight years later and I feel like the thing that’s most exciting to me right now is market selection and paying attention to the nuances of this huge variety of markets throughout the United States.

I guess I need the challenge of having to underwrite new markets. But I think it was really cool because I was able to see a market like Atlanta. Seeing like, let’s say 8% to 10% or 12% appreciation for several years. And then a market like Chicago, which maybe it had 3% or 4% and probably a 10% bump during COVID or something like that and there’s opportunities in each of those markets. But I would imagine for buy and hold investors, and I’ll allow you to encapsulate your business model here in a moment, but for buy and hold investors, I’m getting in getting out in a 12-month period or less. So it doesn’t matter how much the appreciation is unless it’s significantly negative one year. But to a buy-and-hold passive investor probably has another career or has a lot of rental properties. That appreciation component’s going to significantly drive or hinder the total IRR. So with that setup, I’ll pass it to allow you to describe what you do in the evolution of your business model.

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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://SimplyDoIt.net/

 

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

https://AccessOffMarketDeals.com/podcast/

 

Dani & I Discuss:

  • Making each property standalone and pay its own expenses

  • The power of repetition and reinforcement

  • Using real estate investments as a 401K

  • Selecting the Best Markets to Invest-No Matter Where You Live

    

Relevant Episodes: (There are 216 Content Packed Interviews in Total)

 

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

The Power of Self-Belief with Ben Reinberg

 

The Power of Self-Belief with Ben Reinberg

 

Guest: Ben Reinberg started building his commercial real estate empire at 24 years old with nothing but shoe leather and a lot of hustle. Today he owns over $500 million dollars in assets across the country and shares his wealth-building, commercial real estate investing, self-improvement and leadership insights and knowledge with his audience around the world.

 

Big Idea: Ben Reinberg talks about his journey from Chicago to California, his successful career in real estate, launching his personal brand and podcast, and the business model of Alliance, his company. He emphasizes the importance of becoming the best version of oneself, investing in oneself, having confidence in oneself, and having mentors. He shares his advice on how to develop the ability to create, the importance of mental and physical health, and his two recommended books that have had a major impact on his life. Ben also shares his advice to those starting out in commercial real estate, and how his podcast is an opportunity for him to give back and add value to listeners.

 

 

    

Dan Breslin: All right, Ben, welcome to the REI Diamond Show. How are you doing?

Ben Reinberg: Good. Thank you for having me, Dan. I really appreciate it. It’s a pleasure to be here today and we’re starting to get some great weather in Southern California, so I’m very grateful for that. But everything else is good and appreciate you having me on your show.

Dan: Yeah, for sure. For context, for the listeners, I think we were talking about you leaving Chicago and me moving to Chicago from another state. What was it that drove you to go to California? Was it the weather of the environment, or something else?

Ben: It was part of it. Part of Chicago, my heart is always in Chicago and I am a Chicago kid. I lived there for 52 years and I was actually commuting back and forth from California to Chicago for a year and a half.

Dan: Oh, wow.

Ben: My kids, I have two kids in college at USC, one just graduated and my daughter’s at Dana Hills High School as well, and then my spouse is here as well. What I realized was I had a choice. When we first looked at where to move, I wanted to move to Texas or Florida on the other side. My family said, “Well, everyone’s out here.” My wife’s family was out here too, so it just made a lot of sense to move to California. The climate in Chicago, the rules and ordinances, and the way they handled the pandemic to the amount of violence in Chicago now, where I’ve walked the streets of Michigan Avenue for years and I see security guards, armed security guards, three four of them in a store up and down Michigan Avenue.

I just realized that this is not the place where I was born and raised and grew my business and it was time to make a change. I’m sad to say that it breaks my heart to say that. Chicago is near and dear, and I go back because my headquarters for my company Alliance is in Chicago so I go back. It’s a treat for me to go back, but I don’t miss it like I thought I would. It’s interesting how my mindset has changed. I really gravitated to California. I live in the Orange County area. I love it. The networking’s great. The people are wonderful here. The people in Chicago are wonderful too, don’t get me wrong. But it made a lot of sense to come out here, especially with launching my personal brand, which is growing rapidly.

My podcast is growing rapidly and it made a lot of sense as I get older I’ve been in this business, Dan, for over 28 years, and it just gets to a point where I was waking up and it was gray and dark when I woke up and it was gray and dark when I went home from the office in Chicago. I missed the food, I missed the people. I definitely missed my sports teams. But at the end of the day, it was a really healthy change for me to be in California. So I’m very grateful to be here.

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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://AllianceCGC.com

 

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

https://AccessOffMarketDeals.com/podcast/

 

Ben & I Discuss:

  • The Value of Self-Belief in Investing

  • Importance of Mental and Physical Health

  • The Significance of Mentorship

    

Relevant Episodes: (There are 215 Content Packed Interviews in Total)

 

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

Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy

 

Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy

 

Guest:  Dave Wolcott is the Founder and CEO of Pantheon Investments.  After serving the country as a Captain in the Marine Corps, Dave and his wife hit the baby lottery-having triplets.  This inspired Dave to challenge the traditional financial planning advice of Wall Street.   Over the past 20 years Dave has founded several business, invested in alternative assets and created The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra wealthy and having freedom of time, money & relationship.

 

Big Idea: Dave & I discuss building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market.

 

 

    

Dan Breslin: Today’s guest, Dave Wolcott, is the founder and CEO of Pantheon Investments. After serving the country as a captain in the Marine Corps, Dave and his wife hit the baby lottery having triplets. This inspired Dave to challenge the traditional financial planning advice of Wall Street. Over the past twenty years, Dave has founded several businesses and invested in alternative assets while also creating the Pantheon Holistic Wealth Strategy, the playbook, to becoming ultra-wealthy and having freedom of time money and relationship.

Today, Dave and I discussed building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Two areas of focus today are oil and gas investing which can generate humongous year 1 tax write-offs and the infinite banking strategy which you may or may not have heard of which is the method of recycling your investment dollar to make it work, at least, twice for every deployment.

 

Dave: Dan, we quadrupled the size of our family. If you could just imagine that. I know you have kids. You just think about what that does to you.

The first thing I did was have a drink. The second thing I did was go and see my financial advisor and said like, “Hey, how am I going to do this? How am I going to really provide for my family, create this financial security that I really need to?” You just move the goalpost 1 mile down the field. It was at that point in time that it really dawned on me that the top 1% were not building their wealth [inaudible], alternative investments, different things.

I launched down this kind of obsessive path to figure out how the top 1% are building their wealth. I started investing in alternative assets, everything from oil and gas to raw land to office space to retail, multifamily. You name it. I also became a business owner. I created a tech consulting company which I took full cycle and exited. Running a business, I learned a lot of things including taxes and creating a proper tax strategy.

Fast forward twenty years, I wrote my book called the Holistic Wealth Strategy which is really an encapsulation of my learnings over the past twenty years to try to really create this comprehensive system of how can you build your wealth outside of Wall Street and investing directly in Main Street and having this comprehensive system that truly can multiply your wealth as well as protect it?

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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://PantheonInvest.com/

 

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

https://AccessOffMarketDeals.com/podcast/

 

Dave & I Discuss:

  • Achieving exponential wealth with the Holistic Wealth Strategy a 5 Phase Approach 

  •  How to offset Active income with oil & gas investing 

  • Creating a tax-efficient liquidity foundation with infinite banking 

  • Take back control by exiting your 401k 

  • Repositioning assets for maximum velocity and downside protection 

  • Creating a vision to achieve freedom of money, purpose, time, and relationship

    

Relevant Episodes: (There are 214 Content Packed Interviews in Total)

 

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

Tom Dunkel: Strategies to Build Wealth Through Alternative Assets

 

Tom Dunkel: Strategies to Build Wealth Through Alternative Assets

 

Guest:  Tom Dunkel is an experienced entrepreneur and corporate finance leader who specializes in value-add self-storage investments, distressed mortgage note investing/dealing, private lending, and private investing in multi-family and self-storage properties.

 

Big Idea: Tom Dunkel is an experienced alternative asset investor who has completed over $40MM of transactions in fragmented, dislocated markets such as distressed debt and self-storage. He has over 25 years of real estate and investing experience, including $1.2B of middle-market M&A and financing transaction experience. Tom is passionate about helping alternative investors build wealth while improving communities through disciplined real estate investment initiatives.

 

 

    

Dan Breslin: Tom is an experienced entrepreneur and corporate finance leader who specializes in value add self-storage investments, distressed mortgage note investing in dealing private lending, and private investing in multi-family and self-storage properties. Today, Tom and I are going to discuss this $40 million plus of transactions in fragmented dislocated markets, such as distressed debt and self-storage. Tom also has over 25 years of real estate experience and investing experience, including $1.2 billion of middle market M&A and financing transaction experience.

We’re going to discuss the internetization. Yes, I made that word up. The internetization of real estate as a trend, especially pertaining to the self-storage real estate industry. We’re also going to touch on market selection and of course generating high passive returns. Let’s begin. Hi, welcome to the REI Diamond Show Tom, how you doing today?

Tom: Doing great, Dan. It’s great to be with you. It’s been a long time.

Dan: Yeah, for sure, so for listeners, Tom and I go back to the early days, probably 2006, when we were both dipping our foot into the Philadelphia Regional Real Estate Networking meetings.

Tom: That’s right.

Dan: What a path since then, right Tom?

Tom: I know, man. It’s been quite a wild ride, but I wouldn’t change it for the world. I know about you. It’s been a lot of fun.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

www.BelroseStorageGroup.com

 

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

https://AccessOffMarketDeals.com/podcast/

 

Tom & I Discuss Real Estate Development:

  • Pitfalls for High-net-worth Investors and How to Avoid Them

  • What are the Hidden Risks for Self-Storage Investors

  • Why should I Consider Participating in an Equity Syndication

    

Relevant Episodes: (There are 213 Content Packed Interviews in Total)

 

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

Johnny Wolff on how to Unlock Passive Wealth with Real Estate and Innovation

 

Johnny Wolff on how to Unlock Passive Wealth with Real Estate and Innovation

 

Episode: Join Johnny Wolff, Founder & CEO of HomeRoom Coliving, as he shares the keys to unlocking passive wealth through real estate and how to get a startup off the ground with no money and no experience!

 

Guest: Johnny Wolff, Founder & CEO of HomeRoom Coliving. Johnny’s passion for making cities more accessible and livable for everyone led him to convert a single-family home to a group home for his friends, which sparked the idea of multi-tenant real estate investing – HomeRoom was born.

 

Big Idea: Today we are welcoming back to the show Johnny Wolff, Founder & CEO of HomeRoom Coliving! Johnny was previously on the episode 194 to discuss getting high return on investment with co-living rentals, and today we’re building on that conversation as we explore the strategies and techniques to achieve maximum returns from real estate investments and innovations. We’ll also discuss how to launch a startup without money or experience, and delve into the major changes Gen Z will bring to the way we live and work, such as delaying marriage and living with friends into adulthood.

 

 

    

Dan Breslin: Johnny Wolff is the founder and CEO of HomeRoom Coliving. HomeRoom is a YC, that’s Y-Combinator funded real estate management and investment company that has built the technology and team in several well-selected real estate markets throughout the US to allow investors to amplify their real estate rental returns while minimizing vacancy. This can also be done at a distance which we will discuss on the show today. We are also welcoming Johnny back to the show as he was a guest on episode 194, and a lot has happened in that year and a half or so since he’s been on the show.

Today, we’re going to discuss how to get high return on investment with co-living rentals. We also dive deep on how important market selection and deal size can be in generating long-term investment returns and wealth. And we’re going to dive deep on how he and I both think about market selection as well as deal selection. Let’s jump right in. Welcome back to the REI Diamonds Show, Johnny. How are you doing today?

Johnny Wolff: I’m doing really good, Daniel. Nice to see you again.

Dan: Yeah, for sure. So, for listeners who have been around a while, I can’t remember and I will link to the show notes. I think it was about a year and a half ago maybe that we talked. For anyone who maybe didn’t check that episode out yet, why don’t we begin with the quick elevator pitch of business model, if you will, for HomeRoom in the context of the real estate investor audience and why that might be important to them.

Johnny: So, just a really quick two-sentence description is, we help investors purchase homes remotely and rent out each room separately. And the benefits for investors that are going to rent out each room separately and investment property that they buy, is that rents can be substantially higher because you’re chunking down the space, creating additional services for the for the tenants. And so, we’ve seen an average of between 30 and 60% more rent for investors using this model.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

www.LiveHomeroom.com

 

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

https://AccessOffMarketDeals.com/podcast/

 

Johhny Wolff & I Discuss Passive Wealth:

  • Strategies for building passive wealth through real estate investing

  • Tactics for launching a startup without money or experience

  • Insights into how Gen Z will shape future living trends

    

Relevant Episodes: (There are 212 Content Packed Interviews in Total)

 

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

Recession Proof Land Flipping with Real Estate Investor Ray Zhang

 

Recession Proof Land Flipping with Real Estate Investor Ray Zhang

 

Guest: Ray Zhang is a real estate investor who has gone from being homeless when he first came to the U.S. to becoming a remarkable success in flipping land over the last nine years. Today, he teaches others how to succeed in land flipping along with other real estate investments. Join Ray as he shares his secrets to land-flipping success, his journey throughout the way, and even how he uses free tools such as Google Sheets, Zillow, and Redfin to generate profitable deals.

 

Big Idea: Ray is an expert in land flipping, having developed a profitable approach that allows deals virtually anywhere in the world with returns of up to 1000%. He also uses free resources like Google Sheets, Zillow, and Redfin to run his business on the cheap while still reaping large returns. Furthermore, he has a wealth of knowledge on how to target the right areas and use realtors to close deals.

 

 

    

 

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin, and this is episode 211 on flipping buildable lots throughout the US with Ray Zhang. 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 or more into the business of real estate.

Today’s guest is Ray Zhang. Now, Ray came to the US from China 11 years ago and pretty much started from scratch. Similar to my own history, my own story. Ray had a history in deal-making before he discovered the power of real estate and then the power of real estate offers larger deals than flipping cars and stuff that was found free on Craigslist, much larger spreads in real estate from making larger deals.

On today’s show, Ray and I discussed in great depth and detail his strategy for selecting markets, selecting mailing lists of valuable building lots in those markets, and even his blind offer strategy for making offers in mass via direct mail. Now, this was a really cool and unique episode for me in that, Ray and I are going to talk through details that I think a lot of people simply wouldn’t have the experience to ask about.

I actually learned a ton here on this episode. I had a blast and I hope that the same is in store for you.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

www.LandFlipInc.com

 

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

https://AccessOffMarketDeals.com/podcast/

 

Ray Zhang & I Discuss Recession Proof Land Flipping:

  • Land Flipping Success
  • Blind offer strategy for making offers in mass via direct mail
  • Strategy for selecting markets, selecting mailing lists of valuable buildable lots
  • How to use free tools such as Google Sheets, Zillow, and Redfin to generate profitable deals

    

Relevant Episodes: (There are 211 Content Packed Interviews in Total)

 

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

Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing

 

Avoiding Taxes Using 1031 Exchange Real Estate Investing

 

Guest: Dave Foster is a 25-year real estate veteran and coach who has used 1031 exchanges to increase his buying power while minimizing his tax obligations. He has a keen understanding of how to use this under-utilized tax provision to create wealth in real estate.

 

Big Idea: 1031 exchanges can be used to defer taxes and leverage capital when transitioning from one real estate investment to another. With the right strategy, investors can keep their own tax dollars working for them, creating more buying power and limiting their tax obligations. Dave Foster can show you how to unlock the benefits of 1031 exchange real estate investing.

 

 

    

 

Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 210 on 1031 Exchange Real Estate Investing to Avoid Taxes with Dave Foster. 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 the real estate. Dave Foster is an expert in 1031 exchanges. Real estate investors who have mastered the use of 1031 exchanges avoid their investment gains from being taxed heavily at each transaction. The 1031 exchange allows investors to postpone paying income taxes on large real estate profits. This keeps your gains compounding over time, leading to more substantial wealth over time. Think Warren Buffet, who has been a master at Tax Advantage Investing.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

www.The1031investor.com

 

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

https://AccessOffMarketDeals.com/podcast/

 

Dave Foster & I Discuss 1031 Exchange Real Estate Investing:

  • What are 1031 Exchanges

  • How to Use 1031 Exchanges

  • Trends and Strategies of 1031 Exchanges

    

Relevant Episodes: (There are 210 Content Packed Interviews in Total)

 

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

Real Estate Development with Karl Krauskopf

 

Real Estate Development with Karl Krauskopf

 

Guest: Karl Krauskopf is a multi family real estate investor and developer based in Seattle, Washington. He is the managing partner of Auroras Investment Group.

Big Idea: Real Estate development, specifically the entitlement process can produce large gains without the risk of construction. Flipping houses is a great place to start in real estate, but can be challenging to scale. This is why many real estate developers progress to development of land and larger projects after finding success in single family homes.

 

 

    

 

Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 209 on real estate development with Karl Krauskopf. Karl is a multi-family real estate investor and developer based in Seattle, Washington. He is the managing partner of Aurora’s Investment Group. Real estate development, specifically the entitlement process, can produce large gains without the risk of construction. Flipping houses is a great place to start in real estate, but it can be challenging to scale, which is why many real estate developers progress to the development of land and larger projects after finding success in single family homes. On this episode, Karl and I discussed this as his recent or past transition to larger deals and the same transition that I am currently going through myself.

Karl: Sure. Happily. So, how I got into real estate was probably a little bit different from most folks. I got into real estate. That was 10 years back, I was a veteran and working in the healthcare industry. I was a director of corporate strategy and business development. So, that is where my passion lies, which is really around growth partnerships. How do we basically, how do we grow an entity of business?

And what ended up coming to fruition and what bore the real estate endeavour was my wife and I going into a conversation about wanting to start a family, wanting to have a kid, and what better way to start a side business, which would become my future business, is having a kid. So, spent about six months during my wife’s being pregnant, self-educating myself, really learning how to maximise my income, as well as getting into diversifying my income by adding additional streams of revenue. Decided it was time to take the first leap, which was buying a duplex, a remote duplex across the state from me, and with full intentions of rehabbing, refinancing it, and repeating it. Come to find out that I was not the right asset for that. And now I just spent about $75,000, the majority of my at that time, disposable income in putting it, parking it into a duplex that had no direct path for the refinance. So, I started sweating. I was nervous, didn’t know what to do. We were about to have a baby. So I figured what’s the best next step? Well, the best next step, apparently at the time was to flip a massive home. My first flip ever, it was a hoarder home too. Fantastic idea, right? No, it was awesome. I believe it was four dumpsters’ worth, 440-yard dumpsters’ worth, of junk that we took out of this home. All this direct to say back is, I’m working a 40, 50 hour a week job as well as we just had our newborn, and apparently I’m a glutton for punishment.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

www.AurorasInvestmentGroup.com/

 

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

https://AccessOffMarketDeals.com/podcast/

 

Karl & I Discuss Real Estate Development:

  • Entitlement Process-Real Estate Development

  • Finding Mentors doing Larger Deals

  • “Covered Land” play-teardown deals

  • The Microsoft Real Estate Market-Seattle, Washington

    

Relevant Episodes: (There are 209 Content Packed Interviews in Total)

 

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

Franchise Investments with Kim Daly

franchise_investment

 

Franchise Investments with Kim Daly

 

Guest: Kim Daly is an independent franchise consultant with FranChoice. She is also the co-author of Franchising Freedom & Mission Matters Volume 5, Top Tips to Success.

Big Idea: Kim Daly is an expert in franchise investment. Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client’s background, interests, skills, finances and life goals to the ideal opportunity has made her one of the top franchise consultants in the country. On today’s episode we discuss the way some real estate investors transition from house flipping to owning a portfolio of franchise businesses-which might be a great solution in today’s low inventory real estate market. We also discuss the process of getting started and then building to scale, where you reap the real rewards of the franchise business.

 

 

    

 

Dan: Love it. I found a quote online. I think this would be a good place to start. I don’t know if you wrote this or someone wrote it about you, but it said “She worked as a personal trainer and had medical school dreams before entrepreneurship and franchising found her.” Tell me about that.

Kim: That is all true. In franchising, Dan. The question that’s commonly asked is, how did franchising find you? Because nobody really wakes up and says, “Oh yeah, I think I’m going to go get into franchising.” Right? It’s more like you’re looking for some outcome in your life and you stumble upon the advantages of franchising and go, “Ooh, this is a way to get where I want to go.” That’s pretty much what happened to me. There were two things I wanted to do when I was young. One was to become a motivational speaker, but like, how does one do that? You pursue the more logical thing. I was a straight-A student. I’m going to go to medical school and help people. Like I just always desired to be a person of influence, to do something that genuinely improves the lives of other people.

After undergrad, I answered a classified ad in the newspaper that was for a franchise consulting company, not the one I’m part of today. But literally, that classified ad changed my life when I found what franchising as an industry is and does for people, which is, it’s an industry of people helping people. It’s an industry where every single day people are realizing their dreams, living their dreams, just inspiring, and helping each other. I knew that I had found my homeland. I did make a temporary deviation into entrepreneurship because like every good business owner, I think we all think that we can go out there and do it on our own. I tried to do that for five years and figured out how hard it is and mainly how lonely it is and the things that I now help other people realize and learn about in franchising like that.

In a franchise, you’re in business for yourself, but not by yourself. You have the comradery of, not just a corporate office, but all of the other franchise owners that are out there that are part of this brand. Together you are building something. It’s like people who go off to war together often talk about the part they miss about being in the military is the comradery, right? People that go through an intense situation together in anything in life, they’ll reflect back fondly on the people that they went through that experience. Like if you’re bringing a company up to an IPO, right? I think the same thing is true in franchising. We’re all trying to achieve our own individual dreams, but collectively we’re coming together to build a brand altogether and so it has that same sense of camaraderie. Once I came back to entrepreneurship at the very old age of 29, I’m sorry, but once I came back to franchising at 29, I never left. I’ve spent 20 years now as a franchise consultant.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home 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:

How to Invest in a Franchise Business with Jon Ostenson

 

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

https://AccessOffMarketDeals.com/podcast/

 

Kim & I Discuss Franchise Investing:

  • Is Franchising Safe in an Uncertain Economy?

  • Why does Franchising Grow in Challenging Times?

  • How to Find the RIGHT Franchise for You

  • Best Franchise Opportunities in the Market Today

    

Relevant Episodes: (There are 208 Content Packed Interviews in Total)

 

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

Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon Cobb

 

Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon Cobb

 

Guest: Nashville Tennessee Real Estate Investor Brandon Cobb is the founder of HBG Capital.  He is also a licensed and bonded General Contractor in TN managing more than $1O Million of new development annually.

Big Idea: Investing in Nashville Tennessee real estate is like most of the U.S. at the time of this recording:  Low inventory combined with an insanely inflationary environment.  There is also a housing shortage which has created profitable conditions for residential real estate developers who are capable of building with scarce & expensive building materials and labor.  Not an easy task.  On today’s episode Brandon & I discuss this situation and the system he’s developed to build profitably.  Shall we begin?

 

 

    

 

Daniel Breslin: Today’s guest, Nashville Tennessee Real Estate Investor, Brandon Cobb, is the founder of HBG Capital. He’s also a licensed and bonded general contractor in Tennessee, managing more than $10 million of new development each year. Investing in Nashville Tennessee Real Estate is like most of the US at the time of this recording, super low inventory combined with insanely inflationary environment. There’s also a housing shortage, which has created profitable conditions for residential real estate developers who are capable of building with scarce and expensive building materials and labor, not an easy task.

In today’s episode, Brandon and I discussed this situation and the system he’s developed to actually build profitably.

Brandon: Yeah, so I could probably speak to Nashville more than I can in the other markets. I know Memphis is a very heavy rental market. Over there, you can still scoop up properties for pretty cheap, but you got to be really careful because your tenant base is if you don’t have a good system to processes for vetting tenants, you will get hosed on that. Knoxville, you’re probably referring to Gatlinburg and Pigeon Forge, tons of cabins going up Airbnb, right? COVID kind of blew that area up. Everybody wants to go on a vacation, but they’re scared of COVID or there’s a lockdown. So those areas where you can kind of get the whole glamping experience or cabin experience blew up, that area’s phenomenal. The Smoky Mountains are obviously one of the best places to go and hike, especially during the fall when the leaves change. A little tip for everybody, right? If you have not been in the Smoky during the fall, it’s great.

Nashville’s probably the only city that has gosh, 30, 40 cranes downtown. So you can just look if you just had a picture of three cities, you be able to identify Nashville from those three because it’s got a ton of cranes. Nashville’s just exponential growth. I think all the national builders are now officially here. They set up shop in the building. That mean, you’ve got these ginormous developments that are being announced every single year. They just announced one. It was like a $2 billion development over in the Bordeaux area, which is your first development where you’re going to have heavy commercial skyscrapers that are kind of outside the downtown core. If you look at Nashville, you get the Cumberland River that kind of rolls through it, and that’s sort of your barrier to all these heavy, deep skyline commercial buildings. Well, now, it’s starting to get outside of that and it’s across the river now. So it’s very interesting, and you’re going to start to see that area really kind of explode. So Nashville’s just a hot, hot, hot housing market.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%.  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:

www.HBGCapital.net

 

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

https://AccessOffMarketDeals.com/podcast/

 

Brandon Cobb & I Discuss Investing in Nashville Tennessee Real Estate:

  • Nashville Tennessee Real Estate Market

  • Developing Residential Real Estate

  • Lessons Learned from Losing $40,000

  • Getting Past a Bad Deal

    

Relevant Episodes: (There are 207 Content Packed Interviews in Total)

 

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