The Higher Return Real Estate Podcast: Recent Episodes
Jeff Schechter and Jack Gibson of High Return Real Estate
Upgraded and exclusive strategies, tips and practical advice for advanced real estate investors looking for passive income and consistently high returns.
In case that happens... ;)
What matters, always, is knowing how to not only weather a downturn, but how to prepare yourself for anything that happens in our economy.
Enjoy your life! That's what this episode is all about.
Connect with us at www.highreturnrealestate.com
Do you believe money equals happiness?
Studies show it can, in certain circumstances.
Experience has taught us that wealth does buy flexibility, and perhaps more importantly, the ability to make choices that serve you, your family, and your goals in life.
It's been a wild year. Tune in to put your approach to life and wealth in perspective.
Connect with us at www.highreturnrealestate.com
Do you want to become financially independent?
House hacking is a key way to begin your journey. But you need to know HOW.
Our guests this week have hacked their way into building their own empire, through real estate investing AND influencing others on social media.
Tune into this episode to learn from "The FI Couple." This episode is packed with tax benefits and strategies to get you on your way.
Connect with us at www.highreturnrealestate.com
If you're an investor, you might some enjoy some excitement now and then... (Hey, some of us are wired differently).
So when I say, "self-storage investment," that might not sound too exciting.
But as an investor you will probably be interested in the potential returns.
They are huge. Tune in to find out how to get in on this opportunity.
Connect with us at www.highreturnrealestate.com
If the word "debt" makes your stomach turn, that's understandable. That's what we are taught in this society.
But do you know how to make debt work FOR you?
The difference between bad debt (credit cards) and good debt (other people's money), is everything.
Entrepreneurs, this one is for you! Featuring Tyler Banta.
Connect with us at www.highreturnrealestate.com
What is the poor man's tax? Buying "stuff," also known as liabilities.
What you need to buy instead, is assets.
The wealthy buy assets, also known as income, on payday, NOT liabilities, or "stuff."
Tune in to this episode to shift your mindset, and learn to act like the wealthy on payday.
Connect with us at www.highreturnrealestate.com
Is your home your primary investment?
If so, it has likely appreciated in recent years.
How will you tap that unanticipated equity?
Tune in!
Connect with us at www.highreturnrealestate.com
What is the best way to grow your wealth, now?
It's simple (kind of): You need assets that you can borrow against to buy more assets.
Ready to learn how?
Tune in to this podcast, then contact us to take the next step.
Connect with us at www.highreturnrealestate.com
We all want investments that flow cash, passive cash.
As a smart investor, you know that investing in real estate is a solid move.
But what do you need to know to make real estate investing work for you in the economy, today?
This episode is a Master Class in real estate investing in 2023. Tune in.
Connect with us at www.highreturnrealestate.com
Do you want your money to work FOR you?
The first step is cutting the "fat" (unnecessary expenses).
Is it pleasant? No.
Is it worth it? Absolutely.
Tune in, listen carefully, then invest wisely!
Connect with us at www.highreturnrealestate.com
If an incredible investment opportunity was offered to you today, could you take it?
Home owners and real estate investors have unique access to create immediate liquidity (cash)...
If you plan ahead.
Listen to this episode to learn how to approach using real estate to build your empire.
Connect with us at www.highreturnrealestate.com
Are you struggling with your wealth building goals?
Do you want to grow your wealth using other people's money?
Investing in real estate is the way, and we can show you how.
Listen carefully to this episode. Then contact us to get started.
Connect with us at www.highreturnrealestate.com
Do you want to know the secret to getting rich?
Hint: It might NOT be your 401k, although that may be an ingredient...
How do you know what's right for you?
Entrepreneurs AND employees, listen carefully to this episode.
Connect with us at www.highreturnrealestate.com
Is it possible to force appreciation through rehabbing AND get market appreciation?
This is the Holy Grail of Real Estate Investing.
It IS possible, but requires a certain set of resources that very few investors possess.
Once you understand how to use these resources, you will accelerate your path to wealth.
To learn how, listen very carefully to this episode!
Connect with us at www.highreturnrealestate.com
Can you identify the thief that has robbed you of more money than anyone?
It's you. Your subconscious mind, in particular.
Want to learn four easy and fun ways to level up your money mindset?
Listen now!
Connect with us at www.highreturnrealestate.com
How do you turn investment losses into wins?
We've learned that a key component is to "know thyself" AND thy partner.
We've identified three common areas where almost all investors falter.
Tune in. Learn from our mistakes, and grow your real estate portfolio, now.
Connect with us at www.highreturnrealestate.com
Have you heard about the giant potential returns on investment in real estate?
If so, you've probably also wondered how to get into the market without exposing yourself to potential losses, as well.
There are a lot of risks doing this kind of investing on your own.
That's why we created a turnkey real estate investment opportunity that shields investors from the inherent vulnerabilities in the market. Tune in now to learn more.
Connect with us at www.highreturnrealestate.com
Have you ever considered getting into the short term rental business? We’re talking about AirBnb, VRBO… How do investors make it profitable? Tune into this week’s episode of the Higher Return Real Estate Podcast to find out.
Connect with us at www.highreturnrealestate.com
Did you ever wonder if there were houses built specifically to be rental properties? There are some unique aspects to this little corner of the market. And, once you understand them, you can build a more stable and profitable portfolio. Listen to this week's episode to learn more.
Connect with us at www.highreturnrealestate.com
Crowdfunding money, time, skill and business expertise to create passive income? That is (in a very simple nutshell) syndication, and we LOVE it. Tune in to find out why, and how you can get in on a sweet deal that checks all of the boxes.
Email jack@highreturnrealestate.com and shecky@highreturnrealestate.com for access to the webinar we produced this week to learn more.
Connect with us at www.highreturnrealestate.com
What do the films Avatar, Titanic and Spiderman have in common, and how have they influenced your views on wealth? You'll be surprised. Tune in find out how to turn your internal wealth program upside down and get on a sturdy path to financial freedom.
Connect with us at www.highreturnrealestate.com
Have you ever considered investing in real estate? We did it as entrepreneurs, and wow, has it been a wild ride! Tune in to hear how we launched High Return Real Estate. We discuss why GOOD partnerships are essential, and what bad partnerships can cost you. Yikes. Most importantly, learn and how you can get in the game with less risk than we did.
Connect with us at www.highreturnrealestate.com
Melanie Finnegan is a woman with an incredible story. She's a very determined woman... who came from nothing, and is now at the top of her field. Over the last few years, she has mastered the strategy of Tax Lien Investing. She has taken something very complex, made it simple, and VERY profitable.... not just for herself, but for her clients who are fortunate enough to work with her.
This is a story of grit, determination and passion. You'll not only learn a simple strategy for generating massive wealth, but you'll be touched by Melanie's heart-centered approach!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Melanie at https://taxlienwealthsolutions.com/
Learn How We Handle True Turnkey Properties:
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Randy Hughes came from a background that is highly unlikely to produce any success. Yet, along his journey, he's not only managed to accumulate over 200 single family rental homes, he has become one of the world's leading authorities on PROTECTING those assets from outside legal invasions.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Randy at www.landtrustsmadesimple.com
Learn How We Handle True Turnkey Properties:
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Jim Maffuccio has enjoyed a long and successful career in real estate, and has the battle scars to prove it! Today, as Founder and Principal of Aspen Funds,he’s drawing on his over 30 years of real estate experience in a way that many haven't discovered. In this episode, Jim and Shecky discuss how notes can be even more passive than turnkey investing, and how you can create VERY stable returns with this method. This is not all fluff, as we also talk about risk/reward, and the dark underbelly of this asset class.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Jim at aspenfunds.us.
Learn How We Handle True Turnkey Properties:
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From Technology officer to a 10-year period of deep depression, to partnering on over $40MM in deals in just 28 months... Agostino Pintus has an incredible story.
But, this is NOT a typical rags-to-riches story. This is a story about BECOMING... becoming the person he needed to be in order to achieve the success he's enjoying. It's also about who YOU are becoming. Agostino lays out all of the practical tools he used for massive transformation... tools that you can use to change your life and your fortune.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Agostino at BulletproofCashflow.com
Learn How We Handle True Turnkey Properties:
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Zachary Beach is a young man with a plan...a strategy for being VERY successful in Real Estate, even in the midst of a pandemic. In this episode, you'll learn how Zach does this with... - NO Cash - NO Credit - NO Investors, and - NO Banks These strategies are not only learnable, but Zach breaks it down in a way that is easily understandable. Make sure to listen with an open mind!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Zach at smartrealestatecoach.com/webinar
Learn How We Handle True Turnkey Properties:
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Given the current state of the world, this is a very unusual recording. Shecky has a very heartfelt conversation with Daniel Ameduri, who s a self-made multi-millionaire, and an admitted full-time skeptic of conventional thought.
Daniel is the cofounder of the Future Money Trends newsletter and FutureMoneyTrends.com, which has nearly 150,000 subscribers, so the level of insight that Daniel brings to this episode is very deep.
Be forewarned... this conversation gets pretty crazy.... please consider the timing of world events when listening!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Daniel at https://www.futuremoneytrends.com/
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Alan Schnur is the poster child for how to scale your investing portfolio...
From one humble single family property,
to 400 single family homes,
to over 2,000 apartment units.
From there, he went on to medical, offices, storage facilities, warehouse buildings, and now is involved in over a dozen shopping centers around the U.S.
And if you think that this sounds like climbing a mountain, Alan also does that too!
Check out Alan's incredible story, and be inspired to greatness!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Alan and how his process can make YOU wealthier by checking out his e-book- https://www.amazon.com/Cashflow-Mindset-Millionaire-Billionaire-Zillionaire-ebook/dp/B077MG16MG
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Scott Ringlein is the CEO and Founder of The Energy Alliance Group of North America (EAG). Raised as a farmer, educated as an engineer, and trained in the auto industry, Scott never thought his “automotive” career would end. But it did and led to the creation of a company that develops solutions to what many say is impossible.....making our world more energy efficient and less wasteful!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Scott at energyalliancegroup.org
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Dr. Jeff opened a new periodontal practice with no business skills and a mountain of student debt...and a wife and family. In this heartfelt talk, we dive deep into his struggles, and how he was able to pull himself out of debt. Making a lot of mistakes along the way, he was able to save enough to buy his first property. With an iron will, and strong discipline, Jeff has developed a VERY solid system for professionals to succeed at their practice, AND gain the passive income of real estate investing. There are incredible odds against you if you're running (or thinking of) running your own practice. Dr Jeff's advice will help you beat those odds!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Jeff at debtfreedr.com.
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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As entrepreneurs, we are constantly struggling to get all of your tasks done. Are you not finding time to work on the things you really want to work on? Then listen up.
Bob Lachance is an expert in leveraging human talent. In this episode you'll learn... - How To Outsource The Tasks You Hate, So You Can Focus On The Tasks You Love - How To Outsource Many Administrative Tasks, So You Can Focus On Money Making Efforts - How To Get Your Life Back.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Bob at revaglobal.com.
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Ryan Chaw is a very sharp young man with a huge heart. After being inspired by his Grandfather to be a real estate investor, Ryan has gone on to develop over $10K per month in passive income... at the ripe old age of 27!
In this episode, Ryan reveals a very simple system for buy and holds, but with a twist... student housing. You'll be amazed at how simple this is, and how easy it is to automate. Only listen to this episode if you're ready to have a completely new perspective on investing!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Ryan at https://www.newbierealestateinvesting.com/
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Wondering how to find balance in your life? How to have the career, the passive income, AND a personal/family life? You're not alone. Getting this right is the KEY to a successful life.
Eric Bowlin achieved this by AGE 30. In this episode, he shares his secrets, and how he amassed a portfolio of 450 doors. But more importantly, how he has been able to figure out how to balance everything.
Ironically, it's not what you think. Achieving this requires asking yourself some difficult questions...all of which are revealed in this episode. Check it out!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Eric at Https://IdealREI.com
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It doesn't matter who you are, or what you do for a living. At one point or another, we all get STUCK. It's in those moments that decisions are made that can make or break your life.
Jon Dwoskin has had numerous successful business ventures, and is now a sought after business coach with an amazing client list.
In this episode, Jon really opens up about..
- how and why we get stuck
- how to get to the next level
- how to identify being out of touch
- what it means to have a vision
Although Jon does have a strong background in Real Estate, this is not a show about investing in properties. It's a show about investing in YOU.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Jon at jondwoskin.com
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Part II of II.
In this episode we get to interview Justin Hoffman, and Barbie Alea, who are key employees in a very unique Property Management firm, called Great Jones.
In Part I, we dove into the concept. In this episode, we dive deep into the daily processes and practices that are completely disrupting an entire industry.
These processes make a huge difference in helping you make better returns, and protect your properties in a way that other companies can't.
These two episodes are a "must listen" to ANY investor that owns rental properties.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Great Jones at www.greatjones.co
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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What's better - the personalized hand holding of a local mom and pop company, or some fancy software that can give you some deep analysis?
In this episode, you're going to learn about a company that is completely DISRUPTING the Property Management industry.
We have the pleasure of interviewing Nicola Cowan and Christopher Ladd, who are both involved in a very interesting tech startup called Great Jones.
This will give you an excellent overview of how thinking outside the box can create some HUGE wins for investors. It will also help you understand why we couldn't say not to a strategic partnership with this firm.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Great Jones and their property management systems at greatjones.co
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Isaac Barrow is a key relationship for us here at HRRE. He helps us find and negotiate the best deals on properties. If you ever wanted a true behind-the-scenes look at what goes into getting the best deals, then definitely check out. In this episode, you'll learn...
- The different methods for acquiring properties
- How our local market is changing.
- Why buying correctly is the key step to having a performing property.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Isaac at parrotpg.com
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Jack Bosch is noted Author, Podcaster, and Land Flipper! He came to America from Germany 20 years ago, with no assets. After marrying and meeting another non-American, Jack has built a sizable empire of Real Estate Investments. In this episode you'll gain some very key insights...
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about how Jack makes land flipping profitable at landprofitfun.com.
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If you're looking for some motivation, look no further. Reed Goossens came to the US in 2012...with nothing.
This is a story of a sharp young man with a LOT of determination.
In this episode, we start from diving into his humble beginnings of his first property, to starting his network of fellow Aussie investors, to building his empire in the multi-family space.
In this fantastic talk, you'll learn why the barriers to entry for investors are lower in the US, than anywhere else in the world. And, you'll learn why the US is the best market to invest in general!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Reed at https://www.reedgoossens.com/.
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Josh Patrick is a noted author and one of the foremost business consultants in the United States.
In this fantastic interview, Josh breaks down the important steps and concepts for going from an investor to a true business owner.
In this episode, you'll learn...
- The 4 Areas of Profit
- The Difference Between Profit and Purpose.
- How To ALWAYS Find The Right People To Work With
Listen NOW on all your favorite PodCasting networks!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Josh at sustainablethebook.com sustainablebusiness.co and stange2planning.com
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Bret Swarts is a brilliant guy. Over the years, he's worked with some of the best legal minds in the country. Together, they have developed a process that saves investors HUGE amounts on taxes, WITHOUT the time constraints of a typical 1031 Exchange.
In this jam-packed episode, you'll learn...
- The difference between smart debt and dumb debt
- How wealthy people legally avoid paying taxes
- How to truly buy low and sell high, VS buying high and selling higher
- How to completely eliminate partnership disputes
This is one of those episodes that will turn you into a more seasoned investor!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Brett at https://capitalgainstaxsolutions.com/.
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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Jack gets the day off, and Shecky gets to have a one-on-one conversation with Mark Roderick, the leading Crowdfunding and FinTech lawyer in the US.
In this episode, you'll learn...
- What is Crowdfunding?
- The two different kinds of Crowdfunding
- What and who to look for in a Crowdfunding company.
- How does Crowdfunding apply to Real Estate Investing?
- Who are the big players in the Crowdfunding space?
- The 3 types of Equity Crowdfunding
This episode is a MUST listen to anyone wanting to understand how technology is changing our investing landscape!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Mark at https://crowdfundattny.com/
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Chris Prefontaine has been in the game since 1991, and it shows! In this VERY candid interview, we discuss the good, the bad, and the ugly.... nothing is off limits. The conversation ranges from the guru business, to ethics, to personal accountability. This is a must listen episode for investors who want to become bulletproof!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Chris at newfulesforfree.com smartrealestatecoach.com
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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As you shop for a Turnkey property, you may not know exactly who actually prepared the property for you. So we decided to invite Marco Santarelli on our show to pull the curtains back on what's happening in the Turnkey industry.
Marco has been in the Turnkey space for 14 years, and has seen a lot of different cycles and works with a lot of providers across the country.
In this candid conversation, you'll learn what PROMOTERS look for when they're shopping for a PROVIDER, so you can be better armed to make buying decisions.
Marco brings a fresh perspective, and definitely has a passion for helping people, and it really comes through in this interview!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Marco at passiverealestateinvesting.com
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
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If you've ever wondered how the Self Storage space works, this will be a very enlightening episode for you!
Kris Benson is a man who started off in sales, did a side hustle as a residential investor, then kept moving up to bigger and better asset classes. Now Kris raises capital from institutional investors to fund Self Storage projects all across the country.
Aside from the deep dive into the Self Storage industry, this is a wonderful conversation with someone who took some very calculated risks, listened to his intuition, and played to his strengths.
Prepare to be inspired!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Kris at krisbenson.com reliantinvestments.com https://www.linkedin.com/in/kris-benson/
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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Shecky interviews Noel Christopher, a man with EXTENSIVE experience in the Buy & Hold space. In this episode you'll learn...
1. How to do large scale investing with small properties
2. What investors are looking for OUTSIDE of the Turnkey space, and how you can learn from that.
3. What is happening on a national scale across the residential investing landscape.
4. How technology is changing the Property Management business.
If you really want a higher level view of what's happening out there, this one is not to be missed!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Noel at renterswarehouse.com
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
Follow us on Social:
https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
https://www.facebook.com/HighReturnRealEstate/
In this Rare PRIVATE conversation between two friends, you'll learn how to use your intuition for making decision about Real Estate Investments, or ANY major decision in your life. This is a skill set that will allow ANYONE to learn how to go "beyond the numbers" and live a better life.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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https://www.facebook.com/HighReturnRealEstate/
Seth Ferguson has a PodCast called "Purchase To Profits" where he interviews a lot of successful RE Investors. At last count, he's done 150 Interviews! In this rare opportunity, we get to interview the interviewer, and really pick his brain on what he's learned from this experience. If you're looking for some great insights, and positive motivation, do not miss this talk!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about GUEST at GUESTSITE.COM
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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Jack speaks with Nicole Hoss, who heads up Investor Relations for High Return Real Estate.
An avid investor herself, Nicole is very candid about the good, the bad, and the ugly of owning rental properties.
This conversation leaves no stone is left unturned. Topics covered include:
- SFH vs Multi ... which is better?
- What is the best mindset to have for success in this arena?
- Which property class to invest in
- Why paying cash may be better
- Foreign investing
- Entity structures
- Do we keep the best ones for ourselves?
- And more about the UNIQUE structure of this company.
This episode will shed a lot of light whether you are new to the game, or a seasoned investor.
Don't miss this one!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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https://www.facebook.com/HighReturnRealEstate/
Brandon Elliott went from house arrest to buy and hold investor with investment properties out of state that have a 60%+ CCR, ( cash on cash return) through passive cash flow rentals. The strategy he uses is famously known as the "BRRRR" method, which stands for buying a distressed property at a discounted rate, remodeling the property, renting, refinancing, and repeating the process. With this strategy Brandon has taken advantage of having little to no actually money into his personal deals. Brandon is a huge advocate of leveraging credit eliminating all excuses for not having enough funds to get started in real estate investing. He is also the host of the famous "Ready. Set. Go. Real Estate Investing Podcast"
In this candid interview, Brandon breaks down all ot components of a successful long-distance BRRRR strategy.
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Brandon at brandonelliottinvestments.com
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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Craig Cody is a NYC cop turned tax expert. How is this even possible? Join us for this lively conversation, where Cody reveals...
"The Top 10 Most Expensive Tax Mistakes Investors Make."
And yes, this is NOT a tease... Craig actually teaches us ALL TEN of these in this episode!
You'll also learn about the Investor-Lawyer-CPA "Triad," and how to manoeuver through an audit. There is a LIFETIME of vaulable education in this one!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Cody and his special services for HRRE Show listeners here- https://craigcodyandcompany.com/highreturn/
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
Follow us on Social:
https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
https://www.facebook.com/HighReturnRealEstate/
Bruce Mack is an amazing human being. He's been an investor for more than 30 years, and has figured out the keys to the kingdom. This is a great raw conversation between Shecky and Bruce, where some two very crucial aspects of investing are covered...
1. How To Get Access To More Money To Do More Deals
2. How To Complete Shelter Your Portfolio From Outside Attackers.
Bruce will definitely change what you think you know in this arena!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Bruce at https://platinumtrustgroup.com/.
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
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Jacob Ayers is the kind of guy who is going to remove all of your excuses. In this episode, Shecky interviews this bright young man who already has a substantial portfolio, and is still in his TWENTIES.
In this episode, you’ll learn some key things to bring you success….
- How to get the motivation to do REI as a Side Hustle
- Mistakes not to make when investing out of state
- What Real Estate investing can do that other kinds of investments can’t
- What’s the one key ingredient that applies across ALL successful investors
Check it out NOW!
Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Learn more about Jacob at www.jacobayers.com.
Visit Our Website To Learn More About How We Handle True Turnkey Properties:
https://highreturnrealestate.com/
Follow us on Social:
https://facebook.com/HighReturnRealEs...
https://facebook.com/High-Return-Real...
Probably one of the most interesting episodes...
Jack does a one-on-one interview with Kevin Bupp, a man who has been in the REI space since he was 19!
Although you will learn a lot about investing in Mobile Home Parks, there are some deeper lessons that will serve you well...
- The Power Of Mentorship
- What Health & Fitness Have To Do With Investing Success
- How To Profit In A Down Market
- How To Get Out Of Your Comfort Zone To Make BIG Dollars.
This is your chance to gain some deeper wisdom, than just the typical "how to" stuff.
Learn more about Kevin at kevinbupp.com
View Episode Transcript Here- https://hrre.egnyte.com/dl/P13Ictxob3
If you are looking for TRUE Wealth, this will be THE most important episode to listen to.
Krisstina is a very successful entrepreneur, with a long history in the REI game.
After being given a death sentence due to health issues, Kristinna fought back, and made some decisions that would impact her future. Here story has inspired and impacted the future and fortunes of her many followers.
Get ready to redefine what it means to be wealthy!
For a free digital copy of Krisstina's book Falling For Money, visit http://www.fallingformoney.com!
No Guests. No Hype. Jack and Shecky break down one of the most important arguments in all of REI investing.
One side believes that You can make more money doing it yourself, because Turnkeys charge too much markup.
The other side says there's way too much risk in doing a BRRRR, especially from a distance.
Who's right?
Listen and learn!
Read our episode transcript here- https://hrre.egnyte.com/dl/uNH66QSm5S
Like our Facebook for more updates and the video recording of our podcast- https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526
Rachel Marshall and Bruce Wehner are in the business of helping entrepreneurs make WAY more money than what may seem possible.
This is a MUST LISTEN TO episode for people who are open minded and willing to challenge the way they think about money and banking.
In this episode you'll learn....
- How to be your own bank, and borrow at better terms.
- How to eliminate the normal risk of borrowing.
- How to build wealth in a MUCH smarter way.
Learn more about Rachel and Bruce at themoneyadvantage.com or https://themoneyadvantage.com/about/
View Episode Transcript Here- https://hrre.egnyte.com/dl/OeQhfpBvER
Jason Hartman is one of the titans of the Real Estate Investing world. In this raw interview, we learn from Jason the ONLY 3 kinds of markets that exist. Knowing how to identify these will save you a lot of heartache, and make it MUCH easier to determine which markets to invest in.
Learn more about Jason's investment successes at www.jasonhartman.com. You can also listen and learn on the Creating Wealth Show, his podcast.
View Episode Transcript Here-
https://hrre.egnyte.com/dl/bc0gXXTWO2
If you think you're too old, or too young to invest, you're wrong. Our guest for this show is a young man who operates a Turnkey company, and invests all over the country...at the ripe old age of 23!
Antoine Martel got started investing in Real Estate at the age of 18 while still in college. And even though he is young, he has some tremendous insights that he shares in this episode...
- The special "two prong" investing approach that literally guarantees success.
- How to build a team out of state
- How to find the best markets to invest
- What's the best mindset for success?
Learn more about Antoine at http://www.martelturnkey.com/, and check out his instagram @martelantoine.
View Episode Transcript Here-
https://hrre.egnyte.com/dl/4oZG33N5Yk
We are so excited to have had the opportunity to Interview Chad Doty, CEO of 37 Parallel. Chad has been in the game for a long time and cuts through much of the clutter surrounding commercial multifamily investing.
The title of this episode seems complex, but Chad breaks it down nicely. If you want to be a more educated investor, THIS is the episode for you.
In this episode, you'll learn...
- The various structures of Commercial Multifamily Investing
- What Cost Segregation means
- How the SEC views certain deals
- What Fannie May and Freddie Mac are buying and not buying
- Why smaller multifamily units struggle to get good appraisals.
- And much more!
We cover a LOT of ground in this episode...this one WILL make you smarter!
Evidence-Based Investing- 37Parallel.com/EBI
View Episode Transcript- https://hrre.egnyte.com/dl/p57bdcmjYV
J Massey is a legend in the Real Estate Investing space. His first foray into investing was out of NEED....to support a family with massive health problems. Since then, J has done everything in the book....from wholesaling to running a turnkey operation, to short term rental arbitrage.
This in-depth episode covers a lot of ground. J is a wealth of information, has spoken on countless stages, and KNOWS how to make money. As a master trainer, he also knows how to show others the best ways to generate wealth.
In this episode we talk about it all...from the dark side of turnkey, to the weird world of short term rentals.
WHAT YOU'LL LEARN:
In this episode, you'll learn...
- the value of proper management
- why turnkey companies are undervalued
- how to make twice as much rent without owning properties? Whaaa?
Check out the free presentation mentioned in this episode: cashflowdiary.com/star
View Episode Transcript Here- https://hrre.egnyte.com/dl/diqpRokRAQ
Pete & Isaac Barrow are a father/son team that do it all. They have a robust wholesaling business, do all kinds of rehabs, and even manage 41 doors for their own portfolio.
This episode is a VERY frank conversation of what it takes to be successful in the world of Real Estate. These guys are in the trenches every day, and see the good, the bad, and the ugly.
If you ever wanted to get in inside look at what this business is all about, this is the episode for you. We pull back the curtain, and talk about all of dirty work that's required to bring a property to market....not for the faint of heart!
You can learn more about the Parrot Wholesaling team online www.ParrotWholesaling.com and www.ParrotHomeBuyers.com. Interested in learning about acquiring wholesale properties in central Indiana? Contact Parrot at 317-204-2900
MC Laubscher is a wealth strategist, educator, and financial freedom fighter. He is President and CEO of Producer's Wealth, and creator and host of a popular and top-rated investing and business podcast, The Cashflow Ninja.
Hold on to your hat! This episode is a wild ride. If you've ever wondered what the elite know that the masses don't, you'll discover some of their big secrets in this episode.
You literally could become a multi-millionaire just from what you learn in this ONE episode, like:
- Why the Accumulation Model Does NOT Work
- How To Keep Money Moving So It Doesn't Stagnate
- Why Using Your Qualified Retirement Plan Will Make You Poor
- And The Coolest One Of All - How To Be Your Own Bank!
Learn more about how MC teaches on and creates wealth for clients at http://cashflowninja.com/podcast/ and https://www.yourownbankingsystem.com/our-value.
Episode Transcript- https://hrre.egnyte.com/dl/Kzoj73302y
Joe is one of the biggest icons in the RE Investing space. He is a full-time real estate investor that started buying multifamily properties in 2013 and now controls over $400,000,000 worth of real estate. Prior to that, he was the youngest vice president at an award-winning advertising agency in New York City. He is the host of the extremely popular leading iTunes podcast, Best Real Estate Investing Advice Ever, where he has interviewed guests such as Barbara Corcoran, Robert Kiyosaki, Emmitt Smith, and Tony Hawk.
Episode Transcript- https://hrre.egnyte.com/dl/BxzqpCbmvH
Scott "Royal" Smith Esq. is the owner of Royal Legal Solutions in Austin, TX. He runs one of the top asset protection companies for real estate investors in the country. In order to develop strategies to maximize tax savings and protect from devastating lawsuits, Scott invested several years deconstructing real estate investing. His legal career started in high stakes litigation, and Scott personally holds real estate investments in 10 states. Scott's firm provides niche advice for over 29,000 real estate investors, representing most U.S. states, with holdings of over $4.5 billion!
This show is a TREASURE of information! So, often we get questions surrounding entities, LLC vs personal, titling, etc. Of course, it's always about Asset Protection. In this Episode, we do a deep dive into these issues...
- The Top 6 Ways Investors Lose Their Fortune
- How To Protect All Of Your Real Estate Holdings From ANY Litigation
- Land Trusts
- Series LLC's...not the same as your typical LLC.
- Estate Planning
- Living Trusts
- Shell Companies
Scott also makes a heck of an offer for FREE services at the end of the show...make sure to listen all the way through!
Read Episode Transcript Here-
https://hrre.egnyte.com/dl/G26eTophB6
Scott's Bio-
https://hrre.egnyte.com/dl/7LES4lHfVC
https://hrre.egnyte.com/dl/pdbyvSEFAV
Nick Raithel is a Media expert, and the creator of The 7-Hour Book. In this episode, we take a rather unusual dive into the world of media, and how it influences our decision making.... and yes, even our buying decisions about real estate are affected. Learn how you are being influenced so you can protect yourself. In this episode, you'll learn...
- How to spot when you're being overly influenced.
- How to get a lot more out of events.
- Where to search for deals where nobody else is looking.
- How to increase your efficiency.
- The one health hack that everyone can do to improve their life.
This is a very unusual episode, that will put you far ahead of most other investors, and help you get out of the mainstream rut...check it out!
Learn more about Kevin at contentcorps.net.
Jefferson is a self-made millionaire, mobile home park investment expert, educator, and industry consultant. Park Street Partners owns 25 MHPs coast-to-coast totaling over $50MM in
value. Prior to co-founding Park Street Partners
in 2013, Mr. Lilly spent seven years investing his
own capital acquiring and operating mobile home
parks. Before becoming an investor full-time,
Jefferson spent nine years in sales leadership
roles with several venture-backed startups in
Silicon Valley. Jefferson has been featured in The
New York Times, Bloomberg Magazine, and on the
‘Real Money’ television show. He holds a B.A. from
the University of Pennsylvania and an MBA from
the Wharton School of Business.
In this fun and off-the-cuff conversation, Shecky gets all of the great info out of Jefferson. You'll learn...
- How you could make MORE with MHP Investing Than Any Other Strategy
- Why There Is So LIttle Competition In This Space
- Where To Find Deals
- Why This Typically Unsexy Niche Is So Lucrative
Visit http://parkstreetpartners.com/ and http://mobilehomeparkinvestors.com/ to learn more about Jefferson's diverse investments.
Matthew Sullivan is the CEO and founder of QuantmRE, a crpytocurrency startup that supports homeowners by helping them sell a fraction of the equity in their home, WITHOUT taking on more debt! A seasoned entrepreneur, Matthew has a proven track record in Real Estate innovation through his experiences as Co-founder of the $50MM Secured Real Estate Income Strategies Fund, and as Founder and President of Crowdventure.com, a real estate crowdfunding company.
In this episode, we get some fabulous insights from Matthew on how cryptocurrency works, and how it can be leveraged to create massive opportunities. Topics we cover are...
- What is cryptocurrency and how does it work?
- How can you use equity in your house to get cash instead of cryptocurrency?
- How can you exchange equity in your home for cash WITHOUT taking on more debt?
- How can that extra cash be leveraged into other performing assets like rental properties?
Visit QuantmRE.com to learn more about Matthew and his interesting investment strategies.
This is THE Episode for Investors Looking For A COMPLETE Understanding Of How Cash-Out Refi's Work. Sean Huss has been in the lending industry for over 2 decades, and has a way of boiling complex ideas into simple to understand terms. Jack and Shecky grill him with every possible question, and in the end, listeners will have a VERY clear picture of how to...
- Get favorable appraisals
- Title their properties correctly
- Get through an application process easily
- Decide on immediate cash-out vs seasoning periods
- Scale their businesses using leverage in the easiest possible way
Learn more about Shawn and Chemical Bank at shawnhuss.com
The Definitive Answer! Jack and Shecky dive deep into the the real world of Turnkey...the good, the bad, and the ugly. In this episode you'll learn...
- What Turnkey REALLY Means
- Whether Using A Turnkey Is A Smart Move For You
- How To Find The RIGHT Turnkey Company To Work With
- How To Weed Out The REAL Turnkey Companies From The Posers
- What To Expect From A Turnkey Company Over The Long Term
Visit HighReturnRealEstate.com to learn more about how we define what a turnkey property is.
View episode transcript here- https://hrre.egnyte.com/dl/S8362LMoOw
This is THE Episode For Investors That Want To Create Wealth AND Change The World At The Same Time! We have an in-depth conversation with the amazing Eddie Loren, who's been "consciously investing" for 30 YEARS. In this episode, you'll learn...
- How To Do Deals That Make You Money & Impact The Entire Neighborhood
- What To Put Into Your Properties To Create A Sense Of Community, AND Keep Lower Income Residents Happy, And Paying Their Rents ON TIME
- How To Make "Affordable Housing" VERY Profitable
- How To Leverage Local & National Non-Profit Agencies To Help Your Tenants Have A Better Life
- The Upcoming $40 TRILLION Wealth Transfer And How It Impacts Real Estate
- The Secret To NOAH - Naturally Occuring Affordable Housing
Visit WWW.ImpactHousing.Com to learn how Eddie is rejuvenating communities around the country.
Read episode transcript here- https://hrre.egnyte.com/dl/p4RHEOmDGT
Jack and Shecky have a very frank and in-depth discussion about how you should really fund your purchases. This episode is for any investor who wants to understand exactly where he or she stands in terms of titling, leverage, equity, terms and business structure. There's a TON of great content in this one, where you'll learn...
- The Difference Between Conventional And Commercial Loans
- What Loan Is Best For Your Investment
- How To Title Your Properties For Maximum Lendability
- Recourse VS Non-Recourse Loans
- Corporate Structures And Asset Protection
- Bundle (Portfolio) Loans VS Individual Mortgages
- How To Get Mentorship To Guide You Through This Process
Visit HighReturnRealEstate.com to learn more
View episode transcript here- https://hrre.egnyte.com/dl/aw6EccPOgM
Jack and Shecky interview from Bill Manassero of the Old Dawg REI Network. Bill's focus is on maximizing retirement income with real estate investing, and doing it QUICKLY. Bill was an experienced SoCal Ad & PR agency owner away from working with companies like Nike and Nissan, but was able to leave that and pursue his passion of serving the underprivileged in Haiti. Bill is shining example of "it's never too late." He is supporting his life mission and leaving a wonderful financial legacy for his kids and grandkids. Tune in! In this fantastic episode you'll learn about: How Bill Will Own 1000 Doors by 2020 How To RECOVER In Time For Retirement Funding Your Life Purpose With Savvy Real Estate Investing What Are The Best Emerging Markets For Investors Buying Into Money-Wise Areas How You Can Create A Legacy Of Wealth For Your Family Visit http://olddawgsreinetwork.com/ to learn more about Bill and tune-in to his podcast. If You'd Rather Read, Here's The Full Episode Transcript: https://hrre.egnyte.com/dl/JqwDmRLLOF
Jack sits down with Dan Lane, host of the famous Rental Income Podcast.As an experienced investor and realtor, Dan interviews hundreds of landlords nationwide to learn best-practices and educate listeners. For anyone trying to break into real estate or optimize their cashflow, this is mandatory listening!
Join us for another great episode!
Here's what you'll learn...
- The Story Of Dan Lane, The "Accidental Landlord"
- The Five Biggest Takeaways From 150 Landlords
- The Pros And Cons Of The BRRRR Method
- How To Know Your Niche And Your Market
- Big Vs. Small Portfolios: Which Is Riskier?
- When And Where To Leverage Real Estate
- How To Buy Cash Properties Without Cash
- Strategies For Getting Free And Clear With Mortgages
- The Number One Mistake Investors Make (As Told By Investors)
Visit RentalIncomePodcast.com to learn more about Dan
Read The Full Episode Transcript Here:
https://hrre.egnyte.com/dl/2nF5jSW6ac
Jack and Shecky have an in depth conversation with National Radio Show Host of Flipping America,Roger Blankenship. Roger is one of America’s most respected authorities on real estate investing. Roger is an amazing story teller. Listen in to hear more about Roger’s experiences.
Here's what you'll learn...
- The Best Strategies for Real Estate Investing
- How To Play It Safe & Still Win Big
- Roger’s Best & Worst Deals of All Time
- The Risks and Rewards of Flipping
- How To Get Roger To Mentor You
Show Special:
Get a free walkthrough on Roger’s 3 formulas for buying houses.
Just visit: flippingamericanetwork.com/videooffer
View Episode Transcript:
https://hrre.egnyte.com/dl/m67oHMkiYG
Kathy Fettke is Co-CEO of Real Wealth Network and best selling author of Retire Rich with Rentals. She is an active real estate investor, licensed real estate agent, and former mortgage broker, specializing in helping people build multi-million dollar real estate portfolios that generate passive monthly cash flow for life.
With a passion for researching real estate market cycles, Kathy is a frequent guest expert on CNN, CNBC, Fox, Bloomberg, NPR, CBS MarketWatch and the Wall Street Journal. She was also named among the “Top 100 Most Intriguing Entrepreneurs” by Goldman Sachs two years in a row.
Kathy hosts two podcasts, The Real Wealth Show and Real Estate News for Investors — both top ten podcasts on iTunes with listeners in 27 different countries. Her company, Real Wealth Network, offers free resources and cutting edge education for beginning and experienced real estate investors. Kathy is passionate about teaching others how to create “real wealth,” which she defines as having both the time and the money to live life on your terms.
In this episode of the High Return Real Estate Show, Jack and Shecky dispel all the myths around the proper analysis of a property and how to avoid analysis paralysis. Learn the specific metrics you need to understand when investing in a property so that you can make decisions quickly and keep moving forward.
Key Lessons Learned:
Analysis Paralysis
- The first aspect of a property that you have to analyze is price. The biggest mistake beginning investors make is overpaying for a property. You have to compare the property you are considering to other similar one’s on and off the market.
- The buy and hold mindset involves playing the long game, selling a property after a year makes it very unlikely for you to profit from the transaction.
- Forcing appreciation by rehabbing a property is solid way to create the increase in value that you want.
- The market value of a property can be very different from the appraised value. You have to look at the price in the relation to the rent it can generate and not against what other properties around it have sold for.
- Taxes alone can make it impossible to cash flow a property in certain areas of the country. You have to make sure the taxes on a property make sense for the area and that the deal makes sense. You should also understand the tax regulations for the area you are considering making an investment in.
- If the area you are looking at is subject to natural disasters like a hurricane, you have to have the cash flow to protect yourself in the situation where the insurance rates go up. Insurance and investing is all about risk tolerance.
- Property management is another major consideration. Long term, the more expensive, hands on property management ends up costing you less money. Your threshold for communication has to match up with your property manager, have a conversation with them before signing a deal.
- You should be saving at least 5% of your rent income and set it aside for the inevitable repairs that you are going to need to make. Adjust that amount based on the condition of the property and the ability of your property manager. Trust in who you are buying from very important, doing business with someone who isn’t trustworthy can be very costly.
- Rarely do vacancy rates and rental rates match the real world. The variance in vacancy rates depends on a number of factors. Newer investors should stick to single family units. Duplexes and quadplexes will always have a higher vacancy rate.
- Property class can vary, but stability is an important factor in whether a property is worth investing in. Investing in a C class property can be very profitable if you have the right property manager in place.
- Looking at a map of an area doesn’t give you a true idea of what is going on with any particular property. If you really want to see what’s going on, you have to see the area in person or trust the company you are investing with.
- The laws of the area in regard to landlords and tenants should also be considered when analyzing a potential property.
- Many investors use analysis as an excuse to not make a decision. You should take only the amount of time you need to understand the metrics talked about in this episode. Every day your cash is not deployed in an investment, you are losing money. Analysis paralysis is costing you money.
The List
- Price
- Taxes
- Insurance
- Property Management
- Repairs
- Vacancy Rate
- Property Class
- Crime Rates
- The Local Laws
Resources Mentioned
https://highreturnrealestate.com/portfolio-item/get-absolute-best-deal-property-insurance-episode-14/
https://highreturnrealestate.com/portfolio-item/buy-and-rehabbing-houses-with-no-surprises-episode-10/
Trulia.com
zillo.com
Thank you for listening! If you enjoyed this podcast, please subscribe and leave a 5-star rating and review in iTunes!
We are pleased to welcome Pat Hiban, legendary Realtor, Founder of Rebus University and host of Real Estate Rockstar Radio!
Pat Hiban Was The Top REMAX agent in 2004 nationwide. And then, the Top Keller Williams agent in 2006 nationwide. Then, he went on to teach thousands of real estate professionals how to do the same thing. He owns multiple cash flowing businesses, and is the NY Times Best selling author of "6 Steps to 7 Figures: A Real Estate Professional's Guide to Building Wealth and Creating Your Own Destiny." Oh, and did we mention that he does a podcast EVERY weekday, entitled Real Estate Rockstar Radio?
The topics discussed in this amazing episode:
- How the internet has changed and continues to change the entire Real Estate market
- How real estate agents are shifting to accommodate new buying strategies
- What qualities/qualifications an investor should look for, if he/she wants to work with an agent to find investment properties?
- What are realistic expectations for an investor working with an agent?
- The future of real estate investing.
Important Links:
Real Estate Rockstars Radio Podcast: https://hibandigital.com/
6 Steps To 7 Figures Book: https://www.amazon.com/Steps-Figures-Professionals-Building-Creating/dp/0998288209/
Rebus University: https://www.rebusuniversity.com/
Discount Code for Rebus University: highreturn
In this episode of the High Return Real Estate Show, Jack and Shecky talk about whether or not you should pay off debt before getting into investing. They break down what good and bad debt is...
Key Lessons Learned:
Good Debt vs Bad Debt
- Not all debt is equal, there is good debt and bad debt. The line can sometimes get blurry but a good rule of thumb is good debt makes you more money, and bad debt costs you.
- Good debt is debt that allows you to generate a return that you wouldn’t be able to create otherwise or opens up opportunities that you wouldn’t be able to access. If borrowing money allows you to make even more money, for example a business or education, it’s probably good debt to take on.
- When it comes to buying a house for you or your family, going into too much debt is all too common. You have to be careful about how much house you are buying, how leveraged you are, and what position you are in.
- Look at the rental market of your local area before buying a home, it can make more sense to rent than buy in certain markets.
- “Your home is the greatest and biggest and smartest investment you’re going to make” is something realtors say to try to get you to buy a house. The best investments are the ones that make you more money. Home equity is not the same as money in the bank.
It Depends...
- Going into debt to learn a new skill is not always the right choice, it depends on how marketable the skill is.
- Buying something that you can’t really afford on credit card debt isn’t always a bad choice, it depends on the total cost once you pay off the debt and the thing being purchased. Is there any other way you can buy that thing that doesn’t require you to use credit? Are there other alternatives?
- Really think about what you are spending your money on. It’s easy to spend a lot of money on things like food and coffee that add up over time, especially if you add in interest.
Your Car
- We tie a lot of our self image to the kind of car we drive.
- Car dealerships are masters at appealing to our sense of getting a good deal.
- The automobile depreciates extremely quickly. In terms of an investment, a vehicle is a poor choice.
- Repair costs are insignificant compared to the amount of depreciation the vehicle is exposed to.
- Technology in cars is accelerating, cars being produced today are depreciating even faster as they are becoming outdated quicker.
- Find a used car and drive it until the wheels fall off. The money you save can be invested.
Making Better Decisions
- You have to have very clear vision and goals and know where you’re going.
- Most people won’t have the discipline to build their future.
- Toys like boats and snowmobiles can be a good choice for some people who will really get a lot of use and enjoyment out of it, but it’s much more likely to be bad debt and the wrong place to spend your limited resources.
- You have to live within your means.
- The ultimate answer to whether you should pay off debt before investing is: it depends. Look at your risk tolerance and the spread of the opportunity you are considering. What are you investing that money into and what can you be using it to pay off instead? It’s hard to find an investment that can outpace the interest rate on credit card debt.
- If you want to pay off debt right now, consider getting a second job. There are only two ways to increase your income, make more money or reduce your expenses.
Resources Mentioned
The Millionaire Next Door
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In this episode of the High Return Real Estate Show, Jack and Shecky discuss the concept of “no money down” and whether or not it’s a myth or reality. Learn about the eight primary strategies that you can use to secure a property with no money down.
Key Lessons Learned:
No Money Down
- Jack originally read the book Rich Dad, Poor Dad but didn’t have the money to put the strategies into practice. After reading no money down Real Estate, Jack realized that there are ways to make a start with no money down, but he decided that he wouldn’t rush getting into the game with no cash.
- There are a variety of ways to borrow money. The first is getting a loan or borrowing money that allows you to buy real estate properties but most of them require some sort of security. Leverage on it’s own is not a bad thing.
- The second is in some cases you can assume an the existing mortgage. If the property doesn’t have a “due on sale” clause, you can use the seller’s existing finance as part of the purchase price. This only really makes sense if the interest rate is attractive and makes sense.
- The third is a lease with an option to buy. You and the seller agree to a predetermined price that at some time in the future will be paid off and a portion of your rent goes towards the down payment. This kind of agreement usually favors the seller and puts you, as the buyer, at a disadvantage.
- The fourth and possibly simplest form of no money down is seller financing. This works best if the seller owns the property outright and is very motivated to sell. There are a variety of ways to structure this kind of deal and it comes down to negotiating the details. Seller financing is also a way for a seller to generate a semi passive income off a property that they don’t want the hassle of owning anymore. You will have to offer an interest rate attractive enough to the seller to make the deal worthwhile.
- The fifth way is swapping your own personal property. It’s possible to trade other property like collectibles and valuables that the seller would be interested in. It’s also possible to offer your services if the seller is in need of something you can provide.
- The sixth is bringing on a partner who has capital. If you can broker a deal that makes sense for all parties, you may not need to bring any of your own money to the deal.
- The seventh is taking on the seller’s other debts.
- The eighth is swapping real estate properties.
Due Diligence
- There is a lot of marketing around the no money down concept. Some of them are more than willing to take advantage of people that want to make money but don’t have the knowledge or experience to know what deals make sense and which ones don’t.
- We often see and hear what we want to see and hear, there are many ways someone can mislead you.
- Real no money down strategies do exist, but they often have complexity that make it difficult for novices to execute correctly.
- It is possible to find a performing property that you can use the no money down strategies on, but the chances and the margins will be slim.
- You can’t get a deal that gives you cash flow and forced appreciation in a no money down situation.
- It’s not just about getting in the game, you should get in the game to WIN. Don’t get sucked into the marketing and do your due diligence.
Resources Mentioned
Rich Dad, Poor Dad
https://HighReturnRealEstate.com/GetCash
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In this episode of the High Return Real Estate Show, Shecky and Jack bring on a very special guest to discuss how you can instill the entrepreneurial spirit in your kids. Jack’s nine year old son comes on the show to talk about what being an entrepreneur means to him and how Jack’s work and experience have helped him understand business.
Key Lessons Learned:
Family History
- We learn a lot from our relatives, if you have an entrepreneurial relative you will pick up some of the skills and mindset of business from them.
- You have to develop your own skills and mindset if you truly want to succeed in business and life.
- Being introduced to personal development at a young age is a tremendous advantage.
- There are no limitations other than the ones that you put on yourself.
Kid Entrepreneurs
- Automation and machinery are replacing a large majority of the jobs within the economy.
- The pace of change is accelerating, having just a job puts you in a very uncertain position.
- Teaching your children how to be entrepreneurs gives them the confidence and ability to set their own path and react to a changing work landscape.
- Entrepreneurial thinking is about solving problems. The bigger the problem, the bigger the paycheque.
- Give your kids the tools they need to address the causes of problems in the future instead of just the symptoms.
- Playing games like Monopoly and Cashflow are great ways to understand the key concepts of money management and business. The way you play a game is the way you show up in life. Games are also an opportunity to spend quality time together.
- Traditional education only gives you a partial foundation for running a business, there is no entrepreneurial influence in the school system. Most kids graduate highschool without any idea how money works.
- How money works is a key lesson that all kid entrepreneurs should learn early on.
- The number of people that focus on bettering themselves is a very small portion of the population, raising kids to be entrepreneurs puts them on the path to self improvement.
- John wants other kids to encourage their entrepreneurial parents to teach their kids about what they do. Seeing how a business is run is a great first step.
- It’s not just about making more money, as a future business owner you also have the ability to invest in the causes and things you care about.
- Kid entrepreneurs are the future of the world.
Resources Mentioned
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This episode of the High Return Real Estate Show focuses on the specific reasons why you should NOT buy certain properties.
Key Lessons Learned:
The Basement
- Water in the basement is a very bad sign. Sealing a basement can be extremely expensive to fix.
- It can be pretty common, there are multiple reasons why water may be in the basement. You have to find out what the real issue is before dismissing it.
- A break in the sewer line can be a very expensive repair. Check with your local municipalities and whether they cover the costs from the property to the street level when it comes to the sewer line.
- The foundation is arguably the most important part of the structure of the house, if it’s broken it can lead to problems in the rest of the house.
- Be aware of systemic issues in the local area and it can pay to be able to trust the person you buy wholesale properties from. Do your due diligence to make sure the property is in the condition you are paying for and factor in the numbers for your business model.
Above Ground Issues
- Validate your market’s rents before purchasing. A small deviation can have a major impact on your long term ROI.
- Fire damage is always a bad sign. Unless you’re an expert you won’t know the extent of the damage.
- Zoning issues are often hidden and easy to miss. It can affect the property’s appraisal and make a cash out refi more difficult.
- You have to draw the line when it comes to the class of the property. The rehab should always match the class of the neighbourhood or you will decrease your overall ROI.
- Try to take emotion out of the buying process. Let the numbers dictate whether or not the deal makes sense.
Resources Mentioned
Buy And Rehabbing Houses With No Surprises!
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This episode of the High Return Real Estate Show is the second of two podcasts where the topic is achieving your life’s vision with Real Estate. Jeff Schechter and Jack Gibson talk about the nuts and bolts of how to achieve your life’s vision.
Key Lessons Learned:
Getting Into The Numbers
- Whenever we get to a certain income, we tend to spend about that much or more.
- You need to set your passive goals to match up with what you would need to live your dream life.
- Delayed gratification is the key to building wealth in the future. Your income has to exceed your expenses.
- Personal development, education, and discipline are needed for the focus to execute on your goals.
- Try not to get caught up in the drama of the world.
Financial Goals
- You need to have multiple sources of income. Having just one source of income is a single point of failure in an uncertain economy.
- Businesses, stock options like dividends, and real estate are solid sources of income that you can tap into.
- You have to make the decision that you’re going to go after it, we are pretty creative once we know what we want.
- Predictability and reliability are ideal characteristics of MSI’s.
- The economy is changing faster than ever, you need to have the ability to make ends meet without using all your bandwidth.
- “Every large amount of money is an accumulation of hundreds of thousands of small amounts of money, the place to start is to take any amounts of money you can and save them.”
- Your vision for your life is what will allow you to stay the course. If your goals are larger than yourself, you will be driven to continue to grow your wealth and increase your ability to help others.
The FIQ Formula
- Your FIQ is your financial independence quotient, the amount of money you need to fund your ideal lifestyle.
- Take your FIQ number, divide by the average ROI of your properties and that’s how many investment properties you need to become financially free.
- You’re going to be able to escalate the number of properties you purchase each year as you reinvest the excess cash flow.
- The most difficult step in investing in real estate is accumulating the initial investment capital, dial back your expenses and be disciplined in saving money each month. Once you have your first property, the next become much easier to acquire.
Your Relationship With Money
- Your beliefs around money will influence your ability to accumulate capital.
Action Steps
- Email jack@highreturnrealestate.com or shecky@highreturnrealestate.com and let us know what your vision for your life is.
Resources Mentioned
Thank you for listening! If you enjoyed this podcast, please subscribe and leave a 5-star rating and review in iTunes!
This episode of the High Return Real Estate Show is the first of two podcasts where the topic is achieving your life’s vision with Real Estate. Jeff Schechter and Jack Gibson talk about goal setting and figuring out what your life’s vision really is.
Key Lessons Learned:
Getting Into The Right State
- How you approach your life is a matter of your state of mind, which is something you can influence.
- Movement and music are great ways to affect and prime your state.
- If you are going to create the life you want, you have to be inspired.
Goals
- In 1953, researchers surveyed Yale’s graduating seniors to determine how many of them had specific, written goals for their future. The answer: 3%. Twenty years later, researchers polled the surviving members of the Class of 1953 — and found that the 3% with goals had accumulated more personal financial wealth than the other 97% of the class combined.
- Wealth is more than just money. There are five major key areas of your life: Physical, Relationships, Spiritual, Financial, and Intellectual.
- The wheel of life is the concept where you rank your position in each area of life on a scale of one to ten, draw a line from each point with the goal of drawing a circle, and if your “wheel” can roll your life has balance.
- Everyone has an area of life that they could improve on, if one area is especially lacking it acts as a drain on the rest of your life.
- Nobody has ever said on their deathbed “I should have spent more time at the office.”
- The concept of the wheel is useful for helping you set short term goals that will help you balance the areas of your life.
- Achieving your goals starts with creating a better you.
- Write your goals down in a journal.
- One of the hardest parts of achieving your goals is maintaining the focus and discipline to see them through. Time is your ally, take things slowly and incrementally.
- The starting point for true success is always with you acknowledging that you are responsible for the results in your life.
Financials
- Saving money requires discipline.
- Money people spend money on frivolous things that they don’t really need.
- It’s easier to go from $100k in savings to $1 million than it is to go from 0 to $100k. Aim for $100k is cash saving and you will see amazing things happen to your life.
- You have to take action, just understanding the ideas is not enough to change your life. How are you being responsible to yourself?
Action Steps
- Write your goals down in a journal and do the Wheel of Whole Life Success exercise. Where are you in each area of life? Would your wheel roll?
- Consider the “why” that motivates you and write it down.
Resources Mentioned
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In this episode of the High Return Real Estate Show Jeff Schechter, Jack Gibson, and special guest Jason Lucchesi talk about learning the ropes of the real estate game and being an “A” student.
Questions Asked:
- How did you get into this line of work?
- What are the most common questions you get from your students?
- What’s the process you go through with new students to show them where to get started?
- What is the most common mistakes that your students make?
- What is the question we should have asked but didn’t?
- What do you see happening with the Indianapolis market?
Key Lessons Learned:
Getting Started
- The most common question people have is how to get started. The amount of information available to us now can easily lead to overwhelm.
- Wholesaling properties is the ideal starting point since it gives you the full view of the transaction process and the deals are less capital intensive.
- Write a business plan for the next 90 days with goals, deadlines, and actions steps. Plan, Do, Check, Adjust.
- Starting with wholesaling is a good way to generate the funds you can then use to purchase income producing properties.
- You need to have a long term strategy if you want to win, focusing on wholesaling only is not a long term strategy. Passive income from buy and hold properties can alleviate the pressure you would feel with certain deals.
Mistakes
- The most common mistake is people going for deals before they have cash buyers in place. You should be looking at the deal with the end in mind and have an exit strategy already in place.
- Failing to do a proper deal analysis is the other most common mistake. You shouldn’t pay more than the market warrants and get over leveraged.
Mentors
- Check out a couple of different people before committing to a mentor, someone that you can mesh with and are comfortable learning from.
- They should be able to help, guide, and serve you to assist you in overcoming your obstacles.
- A good mentor can help you identify why you want to invest in real estate and which strategy is best for you.
- A turnkey operation is a good option for someone who wants to learn the business but you can also be completely hands off if that’s what you want.
Indianapolis
- There is a lot of investor cash flowing into the market but there are still plenty of opportunities to be found.
- A lot of the areas that were previously classed as D class are being developed and becoming C class areas.
Resources Mentioned
Right Flipping Now
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In this episode of the High Return Real Estate Show Jeff Schechter, Jack Gibson, and special guest John Carney, a real estate investor, author, and established speaker, discuss the key players in your real estate dream team.
Questions Asked:
- How did you get into this line of work?
- Who were you trying to reach with your book?
- Who are the nine key players?
- What’s an example of an accountant holding you accountable?
Key Lessons Learned:
Building Your Team
- Investing in real estate is similar to owning and building a business, you need a team to support you.
- Real estate is not like buying stocks, you have to be active in the investment.
- Ideally, the people on your team should know and work with each other.
- The team is more than the sum of its parts when everything synergizes the possibilities are much greater than when you’re on your own.
- The first player everyone needs to have is an accountant that understands real estate and the tax laws in your state. Preferably with experience in their own real estate investments. An accountant can help you make sure the numbers and your deals make sense.
- An attorney is the second key player. It’s a good idea to ask your CPA if they know any good business attorneys as a way to locate one, this works with a lawyer when you’re looking for a CPA too.
- The third key player is the source of funds. Whoever that may be, you have to build the relationship and find lenders that will meet your needs and what they require for you to work with them.
- The fourth key player is the title company. Title work can get pretty complicated when it comes to rural properties and having the right title company will make sure you’re covered. Having a personal relationship with a title company will help in the inevitable unforeseen situations come up.
- The fifth key player is an insurance agent, one that understands your risk profile and stage of life. You would be surprised how many houses burn down, you should have a good insurance policy.
- The sixth key player is a property manager. Ideally, you should have a good relationship with your property manager because you will have to work with them a lot.
- The seventh key player is your real estate agent or deal source. Find someone you can trust that has your best interest at heart. They should understand the market and be able to connect you to deals that you wouldn’t be able to find yourself.
- The eighth key players are partners and mentors. You should always try to find someone more experienced than you if you can so you can learn from their mistakes instead of your own. Having overlapping skillsets is important as well.
- The ninth key player is your mentor. Information is so readily available, your mentors don’t even have to be in the same room.
Resources Mentioned
Real Estate Is A Team Sport
Johncarneyonline.com
Real Estate Locker Room podcast
jc@johncarneyonline.com
John on Twitter
John on Facebook
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In this episode of the High Return Real Estate Show Jeff Schechter, Jack Gibson, and special guest Man Phung discuss how to understand and take advantage of property insurance.
Questions Asked:
- How did you get into this line of work?
- What is the difference between replacement coverage and ensuring the actual price paid?
- Does it make sense to always have replacement coverage?
- What does the term modified replacement mean?
- What do you think about covering a vacant property?
- What’s wrong with self-insurance?
- What constitutes a claim?
- What happens to someone who makes a high number of claims?
- What is the difference between a broker and an agent that represents one company?
Key Lessons Learned:
Property Insurance
- Replacement coverage covers the cost of fully rebuilding the home in today’s dollars. Price coverage only reimburses the price you paid and not the replacement expense. There are a lot of variables that go into how much the insurance costs but the difference is often pretty minimal.
- Having replacement insurance is often the better choice, but it will depend on what you would do in a rebuild scenario and the premium increase involved and your risk tolerance.
- Replacement coverage can also cover the loss of rent in the case of the house being rebuilt.
- We are in a culture where we tend to sue each other quite often, in the case of a renter’s injury you can also be covered.
- Insurance is about protecting an asset that is producing cash for you and protecting yourself against loss.
- Modified replacement coverage focuses on rebuilding the house with similar materials in the case where the original material is no longer available or prohibitively expensive.
- A vacancy is any length of time over 90 days. Vacant coverage is about covering theft and vandalism for various lengths of time. Regular coverage will not cover a vacant property if it’s empty more than 90 days which is when vacancy coverage would make sense. Turnkey real estate usually doesn’t have to worry about prolonged periods of vacancy.
- Self-insurance is an option but won’t cover you in the cases of catastrophic loss. Is it worth it to you to take that risk?
Making Claims
- Insurance is for a catastrophic loss. If you can afford to pay for it out of pocket you probably should.
- Making a higher number of claims can lead to non-renewal of your insurance and make it harder for you to get insurance in general since you become a higher risk to the company.
- Look at the cost of repair versus the deductible.
- Making a large number of claims can impact your ability to buy insurance for the next three to five years. For some companies making more than one claim can be enough to not renew.
Brokers vs. Agents
- A broker can shop around for the coverage you need for the price you want.
- Brokers give you more options than agents can.
- Oftentimes, a broker will proactively monitor your policy to make sure you’re getting the best deal on protecting your property.
- Brokers fit into the passive income model really well.
Resources Mentioned
317-863-9216
www.brightwayphung.com
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In this episode of the High Return Real Estate Show Jeff Schechter, Jack Gibson, and special guest Tim Berry discuss the checkbook IRA and how to multiply the returns of your retirement account.
Questions Asked:
- How did you get into this line of work?
- What is a self-directed IRA?
- How can someone convert their existing accounts into a self-directed IRA?
- What is the primary difference between a 401(k) and an IRA?
- What are the rules around self-directed accounts?
- How does someone get started in setting up this plan?
Key Lessons Learned:
Self Directed Retirement Accounts
- Most people get their investment knowledge from financial advisors that are more focused on making money than giving the best advice.
- A checkbook IRA is simply giving you the control of what is within the IRA.
- 97% of all money in retirement accounts is in other areas other than real estate.
- Chances are if there is something you want to invest in a Checkbook IRA can do it. The only thing it can’t do is buy life insurance.
- If you’ve left a previous employer where you had a 401(k) there is a good chance you can roll the account over to a self-directed IRA. It may be trickier if you still work for that employer but the older you are the better your chances. If your self employed you will have no problem.
- You have to find a trustworthy self-directed IRA custodian and transfer the assets from the old account to the new account. With a self-directed 401(k) you are already your own custodian.
- The stock market is a fool’s game. Real estate is a great, stable investment.
- You may run into issues at tax time trying to find a CPA that will do your taxes but if you have an IRA, your custodian will take care of it.
- It’s very simple to get started in setting up either plan. There is a 250k benchmark of value before you have to really start doing some paperwork for this kind of investment account.
- An Excel spreadsheet may be the only tracking you need for your investment account.
Regulations
- You can’t invest in life insurance and collectibles.
- You can’t engage in a prohibited transaction which means engaging in an investment with anyone related to you.
- Certain transactions will generate taxable income which you have to account for.
- If you flip real estate within the retirement account, you can use the depreciation to offset the potential tax implications.
Self Directed 401(k) vs IRA
- A self-directed 401(k) is the best route to go.
- A self-directed IRA requires a third-party custodian, a 401(k) does not.
- Inside an IRA, you will have to pay taxes on leveraged real estate deals. With a 401(k), you won’t.
- You can borrow money from a 401(k) without paying taxes on the borrowed money which isn’t the case with an IRA.
- The only restriction to a self-directed 401(k) is that you can only establish one if you have an active business or stream of self-employed income.
- The penalties for a 401(k) are typically lower than an IRA.
Resources Mentioned
iraideas.com/hrre
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In this episode of the High Return Real Estate Show Jeff Schechter and Jack Gibson discuss how Jack has built up his real estate portfolio from just 2 properties all the way up to 72.
Questions Asked:
- What is the overview of what happened in the last 12 months?
- What was your personal motivation?
- What strategies did you use to grow your portfolio?
- Tell us about your cash out refinance package.
- Can you tell us about how you managed to set up some private investor deals?
- How does discipline factor in?
- How did you manage to get a discount on some of your properties?
Key Lessons Learned:
Building a Portfolio
- Overnight success is actually a long term process.
- Buying an asset instead of a liability is the core of the strategy. It’s about making your money work hard for you.
- Owning real estate creates a passive flow of income that can allow you to spend more time with your family or whatever else motivates you. It can help you live the life that you always wanted.
- It’s very important to have multiple sources of income, owning real estate is a great way to supplement your income from your work or investments.
- It’s not always a good time to invest in real estate, it may make sense for you to build up a bank of cash before diving in.
- The reality of real estate is that C class property will often have better price to rent ratios than the prettier A and B class properties.
- Most people don’t realize you can buy property within your IRA or 401k if you have the appropriate plan documents. Most financial advisors are not well educated when it comes to this kind of self directed retirement account.
- A HELOC is a very fast way to raise funds that you can use to buy properties with cash and get better deals.
- A commercial or portfolio loan is a convenient way to simplify the process of leveraging more than one property at the same time. A cash out refinance deal can actually yield infinite returns on your investment.
- Building a network can help you secure private money that would otherwise be impossible to access. You may end up paying higher interest on private money so make sure the deal makes sense for you before moving on it. When pitching a private investor, make sure that the deal is beneficial to the person you’re pitching to.
- There are two ways to manage your finances, offensively and defensively. You can either increase your income or decrease your debts and liabilities. The best strategy is to combine both approaches and increase the spread between your income and monthly expenses.
- There is a lot of value in referring investors and clients.
Education
- Podcasts are a great way to understand the ins and outs of the real estate market.
- 97% of all retirement money is tied up in the stock market.
- The whole game is not about acquiring new things, it’s about creating awesome experiences that bring happiness.
- 85% of the happiness in your has to do with the quality of your relationships. Conversely, 85% of your misery comes from your bad relationships.
Resources Mentioned
Rich Dad Poor Dad
Funding Secrets Of The Top Investors
Summary:
In this episode of the High Return Real Estate Show Jeff Schechter and Jack Gibson discuss the secret funding techniques of the top real estate investors.
Questions Asked:
- What are some of the overlooked ways of finding cash?
- What are the top six ways of generating funds?
- How do you keep your properties?
Key Lessons Learned:
Generating Funds
- There are often multiple sources of funds that you can tap into that you may not think of right away.
- Part with the toys that are tying your cashflow up. A delayed gratification mindset will allow having the things you want most later on. Do you own things that are serving you or are they liabilities? Build your real estate portfolio first.
- A HELOC is a great opportunity to tap into the value of your house to create more wealth. This is an example of responsible debt and a good way to purchase properties with cash.
- Liquidating stocks is another reasonable source of cash flow, real estate is four times less risky and has a lower variance. Real estate is something physical you own as opposed to just paper value.
- A self-directed IRA or 401(k) is another good option. Instead of investing your retirement account in mutual funds, you can choose to invest the funds into real estate. These funds can also be very advantageous tax-wise. Consult with a lawyer when converting your retirement account.
- Other people’s retirement accounts are also a possible source of funds, there are often mutually beneficial spreads on a turnkey property that make sense for both parties.
- “The rich build networks, the rest look for work.” -Robert Kiyosaki
- Credit card introductory lines of credit, certain companies can find you these lines of credit and help you convert them into cash that you can use to buy properties.
Keeping Your Properties
- Once a property has proven that it produces income for a particular period of time, you can look at doing a cash-out refinance.
- Use leverage to acquire a property, cash out, and then pay off the original method of payment. Rinse and repeat.
Resources Mentioned
Robert Kiyosaki
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In this episode of the High Return Real Estate Show, Jeff Schechter interviews Antonio Hornbeak.
Questions Asked:
- How do you get your checklist so dialed in?
- How do the choices in quality of materials and items used change with property class?
- How do you know when and where to use luxury items in a B class home?
- What are your thoughts about the extra bedroom?
- When it comes to wear and tear of materials, is it sometimes worth spending the extra money for longevity?
- Have you run into situations where you have over/underspent?
- How do you determine when to replace and when to repair?
- Are there any tips you can give the listeners based on your experience when it comes to whether you will buy a property or not?
- How do you evaluate a fire damaged property?
- How do you make sure you’re keeping up with current code?
Key Lessons Learned:
Buying
- Antonio utilizes a 7 point checklist of the major areas of repair to gauge if a property is worth buying or will be highly costly.
- The 2 most important areas to look out for when purchasing a property to rehab are the roof and the foundation, followed closely by electrical.
- When checking the foundation he looks for cracks and bowing.
- When looking at the roof he checks to make sure it's intact including the membrane to determine if any moisture is getting in, and tries to determine the age of the roof to see how much life it has left in it.
- When buying a property for rehab he ultimately considers how much time and money will be tied up in the project, and how quickly he can recuperate those funds.
Rehabbing
- Antonio recommends sticking to functionality for C class properties and saving luxury items for A class properties. B class properties are a balance between the two.
- When adding a bedroom, he suggests using pre-existing structures like a dining room that already has 4 walls and an entry. This makes the room fit better into the pre-existing layout of the house, and will cost you less time and money to convert.
- Some places like Indiana don’t classify a room as a bedroom unless it has a closet.
- Even when purchasing lower expense materials Antonio recommends buying quality. It will last longer and save you money in the long term.
- Antonio shares his experience that spending the funds to install a garbage disposal, even in C class neighborhoods, can save money by not having to snake the drains due to clogs from tenants putting things down the sink.
- The most important part of any rehab is focusing on areas like the foundation, roof, electrical, mechanical and plumbing. If these things are in good condition you will always have a solid property.
- When it comes to keeping up with code, cities are required to update any changes on their website so anyone can view it and keep current.
- The decisions you make about the property you’re rehabbing should be based on the numbers, not your emotions.
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Summary:
In this episode of the High Return Real Estate Show Jeff Schechter and Jack Gibson discuss the reasons why Cash is KING and always will be.
Topics Covered:
- The Golden Rule
- The four major reasons to pay cash for investment properties
- Finding sources of cash
- Business structures that can protect your investments
Key Lessons Learned:
Cash
- There is a new golden rule, “he who has the cash makes the rules.”
- Paying in cash puts you into a superior position compared to leveraging debt.
- Paying cash for a property will almost always lead to a discount on the asking price.
- When it comes to investing, the only thing you should care about is ROI.
- There are four major reasons why you should consider paying cash for your investment properties:
- Cash improves the strength of your negotiating position. There is a time value to money, paying in cash frees up capital for the seller.
- Many more options when you are not financing an investment purchase. Banks are less likely to finance a property that needs repairs.
- It’s much easier to do a cash-out refinancing of a property that has been purchased entirely with cash. This will often allow you to increase the appraised value of the property before cashing out, leading to a practically infinite ROI.
- There is no risk involved if the housing market changes.
- “There are no limits to resources, only limits to resourcefulness.” -Tony Robbins
- There are a variety of sources that you can access to generate cash, you just have to be resourceful enough to find them and persistent enough to stick with it.
- Investing in property has to be done with enough cash is reserves or you run the risk of being blown out by Murphy’s Law.
- Bonus Strategy: Setting up a compartmentalized business structure can protect you from certain risks and allow you to take advantage of a variety of tax benefits.
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In this episode of the High Return Real Estate Show, Jeff Schechter interviews Nicole Hoss.
Questions Asked:
- What is your background and what inspired you to get into real estate?
- What steps did you take to become debt free?
- How did you find your first deal?
- What did you do after your first deal?
- What are some of the difficulties you encountered?
- What are your next moves?
Key Lessons Learned:
Debt
- Prioritize your debts and work your way down.
- Being a successful real estate investor means having your financial house in order.
- You don’t have to be completely debt free to get started in real estate.
Real Estate
- Real estate can be the answer to the question “what do you need to become financially independent.
- Real estate is something you can do from home.
- Nicole used a HELOC to finance her first property.
- Listening to the Bigger Pockets podcast is how Nicole originally learned about real estate investing in Indianapolis.
- Nicole spent six months researching the area before diving in and buying a property.
- Many people over analyze, at some point, you have to jump in and learn by doing.
- Start small with something easy to get into like a C class property. A good management team can make C class properties very successful.
- Many people catch the “rent bug” once they get their first payments.
- Tenanted units come with their own set of obstacles, a pre-rehab property is an opportunity to get a strong equity position.
- A good management company can make things very easy when it comes to dealing with tenants.
- You don’t have to stick with one area, you can expand after you get comfortable and take what you learned to other areas.
- Take what you know and put it to use.
- Real estate investing allows you to take your financial future into your own hands.
Resources Mentioned
Rich Dad, Poor Dad
Bigger Pockets podcast
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In this episode of the High Return Real Estate Show, Jeff Schechter interviews L.D. Stauffer, The Humble Millionaire.
Questions Asked:
- D. Stauffer’s background and history.
- How does someone pull themselves out of a poverty situation?
- How did you end up in real estate?
- What were you reading that lead you to real estate and Indianapolis?
- What are you doing to replicate yourself?
- What are some things that have influenced you?
- What advice would you give people to maximize their time and build a portfolio?
Key Lessons Learned:
Education and Mindset
- The amount of money you have is very rarely tied to your education and more about tied to your mindset about money.
- Mindset shifts are the most important aspect of changing your life around.
- With no education, you are almost forced to become an entrepreneur.
- The harder you work the luckier you become.
- You are the average of the five people you spend the most time with.
- The books you read and the podcasts you listen to count as influencers.
Real Estate
- “If you want to be successful, if you want to be rich, you have to be in real estate.”
- You don’t have to be a genius to get rich in real estate. Real estate has stability.
- Indianapolis has a number of factors that make it one of the best places in the country to invest in.
- The biggest obstacle in real estate is making your first deal.
- Learn the process so you can then teach someone to do it for you.
- Owning property is one of the few investments that can create a critical mass.
- The easiest way to get started is to find a turnkey provider.
Wealth
- One of the biggest keys to building wealth is being able to delay gratification.
- People become slaves to their job if they work just to sustain their lifestyle.
- Money is replenishable, your time is not.
- Shiny toys may not make you happy. Experiences are what truly makes you happy.
- Having “nice things” can actually be a burden.
Resources Mentioned
Think and Grow Rich
How to Win Friends and Influence People
The Tim Ferriss Show
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In this episode of the High Return Real Estate Show, the hosts of the show, Jack Gibson and Jeff Schechter, talk about predicting the unpredictable and investing during the Trump presidency.
Topics Covered:
- Trump Is Unpredictable...How Do We Predict What Will Happen?
- The Federal Reserve and The Recent Rate Hike
- Trump’s Delay of Obama’s “Fiduciary Rule” and Deregulation Intentions
- Trump’s Intention For “Draining The Swamp”
- Who Is Ultimately Responsible?
- Surviving The Storm
Key Lessons Learned:
Predicting the Future
- Most politicians do not live up to their campaign promises.
- Trump is not used to working in a bi-partisan environment.
- Trump is a businessman, not a politician. He used to take big risks with big potential failures and successes.
- The question is is there less incentive for advisors to give good advice or is there more?
- More regulation always means higher fees.
- Deregulation could lead to higher risks but also higher rewards at the same time.
- There have been good and bad elements to Trump’s intention to “Drain the Swamp”, shrinking the size and role of certain government agencies is a good move but there are many corporate agents in positions of power they probably shouldn’t be.
- The mainstream media has some major problems, objectivity has gone out the window.
- You have to take responsibility for the results in your life. You have to do your best to make the right decisions for your own personal economy. The government will not solve your problems.
Interest Rates
- Leveraging other people’s money is the way real estate investors work.
- The increasing of the interest rates increases the cost of doing business.
- Savings returns are not keeping up with inflation. The artificial stimulus that the government has been pumping into the economy has really hurt savers.
The Storm
- Cash is king in an uncertain economic situation.
- Cash generating rental income will always be in demand.
- Be in a position for the people that will eventually need affordable housing to come to you.
- Own real property that can’t be manipulated by rate hikes or market manipulations.
- Property is one of the few investments that is guaranteed to be around many years from now, that’s not true with stocks.
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In this episode of the High Return Real Estate Show, the hosts of the show, Jack Gibson and Jeff Schechter, talk about future renting trends in the United States.
Topics Covered:
- How the rental market is changing
- What kind of lifestyle do they have?
- What cities are they moving to?
Key Lessons Learned:
Millennials
- Right now they are ages 20-36.
- Due to the mortality of the Baby Boomers, Millenials are now the LARGEST demographic group in the US.
- Nearly 76 million strong.
- Due to the immigration of this age group, that number is continuing to increase.
Lifestyle
- Live with their parents longer, but once they move out they gravitate more toward inner city.
- They wait longer to get married.
- They are much more transient than Gen-Xers or Baby Boomers...not afraid to move to a new city for a new career, new opportunity, etc.
Real Estate
- Because of inflation, cost of living, etc, They make less in spending power than their parents or grandparents.
- They often cannot afford to buy a house, especially in the areas where they want to live.
- They are MUCH more likely to rent in or near the core of a major city.
- Large numbers working in Tech, so they want to live in cities that have a good sized tech community, and THAT’s where things get interesting.
Future Trends
- Trendy “techy” cities are all very expensive to live in.
- Many employers are setting up operations in NOT SO OBVIOUS cities in The MIDWEST.
- The MIDWEST has plenty of good considerations, they all have good price-to-rent ratios, but the smart investors will dial it in a little more: State taxes, cost of insurance, legalities of eviction, stability, crime rate, and ROI.
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On the next show…
How the Trump Presidency may affect Real Estate investors.
There are 3 items that are mandatory for investing in RE outside of your hometown - ie "the long distance relationship"
Like a table, if you’re missing one of the three, you’re not going to remain standing
They are: TECHNOLOGY, SYSTEMS, TEAM.
What kind of lifestyle is important to YOU? Beaches, travel, free time, etc?
What’s the beach connection to Indiana?
Jeff and Jack discuss:
The New Economy - The Rise of Capitalism
The Internet Economy - Who Is Selling To Who?
Are Click Button Profits A Reality?
How Entrepreneurs Are Messing Up BIG TIME
There Are Two Ways To Fix It...
The Easiest and Best Way To Stabilize (and Grow) Income