MassivePassiveRadio.com: Recent Episodes
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MassivePassiveRadio.com
Title: What’s next?
Sponsors:
- Hal Gailey, Bayou City Tech
- Roger Newman, Public Insurance Adjuster
- Mike Repsold, Lucas Cedar, Inc.
Bullet Points
- 20:30 – James, Pat, and Ray talk about taking action – what’s next?
- 24:40 – James, Pat, and Ray talk to Loren Miller, Fantastic Floors
- 36:35 – James talks about the advantages of connecting to a local Real Estate Investing Association
- 41:00 – Ray talks about “What’s next?”
- 52:15 – Upcoming events
Summary
In order to be a successful real estate investor, you must determine where you are in your investing career and determine what your next steps are.
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MassivePassiveRadio.com
Title: Education is the foundation of your investing career
Bullet Points:
- 25:40 – Daniel Wendt, Lucas Cedar Inc.
- 41:30 – Ray discusses the Bus Tour taking place on December 4th.
- 43:20 – Ray talks about the AlamoREIA meeting in Houston on November 11th. Robyn Thompson, the Queen of Rehab, will be speaking.
- 45:10 – Ray talks about his list of Tips, Tricks, and Gotchas, and how to evaluate contractors.
Summary
Education is of utmost importance in your investing career. AlamoREIA has events in the near future to elevate your investing knowledge.
Sponsors:
- Hal Gailey, Bayou City Tech
- Lloyd Sullivan, Harmony Stained Glass Inc.
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MassivePassiveRadio.com
Sponsors:
- Raymond Medina, RJM Roofing LLC
- Matthew Stockert, Master Electrician
- James Zientek, A I R Installation & Repair, Inc.
- Loren Miller, Fantastic Floors
- Hal Gailey, Bayou City Tech
Bullet Points
- 22:00 – Pat and James talk to Marcus Delgado of Los Hermanos Taquerias in Humble, TX. Great food!
- 28:00 – Ray and James talk about the Mastermind they attended this past week in Nashville, TN.
- 40:30 – Ray talks about personal and professional Key Performance Indicators (KPIs).
Summary
Connections and relationships are the most important aspect of your real estate investing career. It’s often said that your net worth is equal to your network. NOW is the time to develop your Key Performance Indicators (KPIs) for your personal and professional health in 2022.
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MassivePassiveRadio.com
Sponsors:
- Gerard J. Duhon, P. E., structural and foundation engineer
- Fredy Alvarado, Guatex Foundation Solutions
- Jesus Duran, JD Fence
- Jen Perez, The Owner Finance Co
Bullet Points
- 10:30 - James talks about continuing the theme of creative financing and buying subject-to
- 13:30 - Ray, Pat, and James talk about the transformation of properties during a flip
- 17:00 - Ray, Pat, and James talk to Larry Moak, The Lone Star Tree Czar
- 25:30 - Ray and James talk to Clint Yates, Integrity Mortgage Group
- 49:00 - Ray talks about the upcoming creative financing class on September 25th
Summary
It’s important to have reliable resources during your real estate investing career. Pat introduced today’s sponsoring vendors, and the entire team talked about how to finance the purchase and rehab of investment properties. Other vendors calling in to the show were Larry Moak, The Lone Star Tree Czar, and Clint Yates of Integrity Mortgage Group. Finally, Ray talked about his upcoming creative financing class on September 25th.
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MassivePassiveRadio.com
01:20 – James moment of silence honoring victims and first responders of 9/11/2001
14:30 – James talks about networking
22:50 – James talks about partnerships
27:42 – James breaks down the KALM acronym
31:50 – James talks about evaluating properties (ARV and cost of repairs)
34:10 – James talks about what to look for when walking properties
35:50 – Benita Stanford, Castle Keys of Texas, specializing in master leasing and property
management
40:45 – Tom Pike discussing the time value of money
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11:10 – James talks about the continuing the discussion of using creative financing and buying subject-to
19:40 – Ray talks about negotiating
24:00 – James talks about upcoming events
25:20 – Ray talks to Tom Stinson, Goosehead Insurance Agency
41:00 – Ray’s dos and don’ts while buying subject-to
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MassivePassiveRadio.com
11:00 – Dewey Wayne, Lifevestors – Lender for Investors
14:30 – Ray and Pat talk about qualifying prospective vendors, lenders, and contractors
19:40 – Ray, Pat, and James talk about working with wholesalers
27:30 – Ray, Pat, and James talk about the importance of developing a good buyer list
29:00 – Ray talks about the importance of choosing the right title company to close the deal
30:20 – Ray, Pat, and James talk about getting to know and qualifying the people you deal with – it’s all about relationships
31:00 – Ray, Pat, and James talk about working with wholesalers
41:20 – Ray, Pat, and James talk about a student deal in the hill country
46:40 – Ray, Pat, and James talk about the contractors who do their job right might not quote the lowest price but may be the least expensive in the long run
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MassivePassiveRadio.com
Radio Show Website: massivepassiveshow.com
This radio show is all about real estate investing. We talk about rehabbing, finding deals, doing deals, and everything related to real estate investing.
Here are 10 talking points from August 21, 2021 Show:
4:36 - Foundation - using engineer along with foundation company.
6:35 - One of the Hosts, Ray, caught a contractor in a lie.
9:40 - Red flags investors look for/identify with contractors
12:55 - One way to break down rehab costs with contractors
15:18 - Recap - getting things taken care of, solving problems on your rehab job with reputable contractors
17:55 - Networking
23:55 - student question in fb group - How to make offers and get them accepted in today's market while competing with multiple offers
28:02 - working with realtors with pocket listings
33:44 - Being KALM compliant
40:00 - Your profit should be 15% of ARV on a flip.
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06:50 – Jen Perez, The Owner Finance Co.
11:00 – Hal Gailey, Bayou City Tech
20:00 – James’ explanation of the KALM acronym
21:20 – James’ “out of the blue” phone call resulting in a deal
27:50 – James explains how to ask the property owner about the condition of the property
35:10 – James explaining the “70% rule” and its application in today’s volatile housing market
38:50 – James talks about adapting to the quickly changing housing market, the various strategies for buying investment property, and finding out what problems the property owner is trying to solve
44:10 – James talks about buying subject-to and the possible exit strategies from such a purchase
45:40 – James talks about knowing your buyers
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2:50 - One mistake Ray used to make quite often when using a Master contractor
12:50 - We are investors building a community for other investors.
17:00 - We are looking for an Apprentice
18:20 - What is the latest on the Rental Moratorium
20:40 - The CDC, without Congress approval, extended the moratorium until October 3, 2021
22:00 - Some strategies that landlords are using with their tenant lease terms
22:55 - How has Ray’s business made it through Covid so far without suffering significant loss
29:30 - Signs to look for in a shifting market
36:50 - Tip for exchanging business cards at networking events
40:40 - Mistakes to avoid as a beginning investor/rehabber
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