Real Estate Investing for Cash Flow with Kevin Bupp

In today’s show, I’ll be sharing with you a proven exercise that has worked for me and thousands of others, which will help you more clearly define your REI road map for 2016. I suggest you treat this show as somewhat of a homework assignment and take the time to sit down and write down your answers and then revisit them a few times throughout the year to ensure you’re still on the right path. This exercise consists of one primary question and a few supporting sub-questions and can be completed in less than 30 minutes and I can promise you that these 30 minutes will be probably the most critical 30 minutes of the year for you. Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

What are your goals for 2016? What were some of your big wins for 2015? Listen in as I share with you my reflections from 2015 as well as my BIG goals for 2016! Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

This week we're going to be doing a follow-up interview with Mobile Home Park Investment expert, Mike Conlon. Mike was our fifth guest almost 2 years ago shortly after we first launched the show and I thought it would be awesome to bring him back on to get an update on his business and learn how he’s been able to acquire more than 2,000 additional mobile home park spaces since we last spoke. If you are brand new to the show or if you know very little about mobile home park investments then I encourage you to go back and listen to episode #1 & #5 as it will act as a primer to what we discuss in today’s show. Here's a little taste of what you'll learn from our 2nd interview with Mike: Details on how he’s been able to acquire an additional 2000+ pads over the past year and a half. How the use of technology has allowed him to expand his reach outside of NC market where he was primarily focused and now own parks in WI, IL, AL, MD. The reasons why he has sold more than 1,000 pads over the past year. Why he and his team are starting to move away from turnaround properties and are focusing more on larger stabilized parks. How he handles large rent increases when he purchases a park that has rents that are significantly below market rates. Why relationships and credibility play a major roll when it dealing with mom and pop owners. Why parks with private utilities don’t scare Mike away, but he prefers not to own parks with waste water treatment plants, but will purchase parks on well and septic. His experience with raising capital through private placements and the positive impact it’s had on the growth of his business. Why he doesn’t utilize a rent to own or similar program within his parks. How he finds quality property managers and what type of compensation he gives. His thoughts on where we are in the current market cycle. And much more Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Michael and his company, please visit MainStreetMillionaire.com

Our guest for this week’s show is Real estate investor, developer and Tax Credit Expert, Michael Zukerman. In case you’re wondering what Tax Credits are and how they play into the world of real estate development, let me give you a quick explanation. To encourage and promote the revitalization of cities and provide affordable housing by developers, the federal and state governments have created tax credit programs to incentivize investors and developers. These programs are very complex and can spell disaster to an inexperienced developer unless you know exactly how to navigate their murky waters, which is why we’ve decided to bring Michael onto the show. Michael is a 30 plus year industry veteran and a leading authority in the complex world of tax credit programs, and is here today to help us better understand this exciting topic. In this show with Michael you’re going to learn: How Michael got his start in the Real Estate industry and the numerous reasons he decided to direct most of his focus on the complex world of Tax Credits. Michael will share with us specific details on projects that he and his team are actively working on today in the tax credit space. The competitive advantage he gained by forming a partnership with someone who had an extensive background in construction management and why this is something you should also consider if you plan on venturing down the real estate development path. The difference between the 4% and 9% low income tax credit programs and how to determine which is the best option for your particular project. What a distressed census tracks is and how to locate and identify the ones that present the best opportunity for your low income tax credit development. The pros and cons of getting into the low income tax credit game. What type of qualifications potential residents must fit in order to be approved to live in one of these tax credit housing properties. The opportunity to purchase existing 4% tax credit properties and convert them to market rental rates after the 15 year restriction expires. Why he feels that there’s a correction coming in real estate sometime in the next few years and why you need to be prepared. And much more Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Michael and his company, please visit http://www.whitestonerealty.com/

Our guest for this week’s show is commercial real estate investor and developer, Ray Alcorn. I have studied Ray’s teachings for many years and was very excited when we finally landed him as a guest on our show. Since 1980, Ray has been active in the acquisition, sale, development, financing, and equity placement of income producing properties valued at over $250,000,000. His experience covers a wide range of real estate, including retail, office, multi-family, manufactured housing, hotel and restaurant properties. In this show with Ray you’re going to learn: How Ray got his start in the Real Estate business by doing various low paying jobs for his father who then owned a large mobile home retailer. Why he decided to leave the comfort of his family business at a young age to venture out and do his own development deals. The reasons why he feels that the 12 years spent on the board of his local planning commission were the years where he obtained his best real estate education. Why Ray says that you should never waiver from your investment criteria…no matter what. Why he feels that we’re on the verge of another market correction and how he plans on dealing with it. Ray shares with us his proven process of repositioning value-add office properties. What advice he would give himself if he could go back and have a conversation with himself when he was just getting started. Why he encourages new investors to get their feet wet by working for a professional property management company. And much more Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Ray and his company, please visit ParkRealty.com

For this week’s cash flow Friday tip I'm going to share with you a short segment that I recently recorded with Real Estate Investment expert, Brian Burke. Brian will be sharing creative out-of-the-box strategies and ideas on how to find investors and capital for your real estate deals. Each and every one of these methods are tried and true and have been used in helping Brian complete more than $200 million dollars of Real Estate Investment transactions. Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

This week I'm going to share with you two critically important clauses that you should be using in all of your purchase agreements. It’s very common that if you’re using a standard commercial contract from a broker that neither one of these clauses will be included and they absolutely should be. Below are the actual clauses so that you can easily cut/paste them and add them to your next contract. Clause #1: The PURCHASER'S Due Diligence time frame will be for a period of 60 days and will commence when PURCHASER receives all requested Due Diligence from seller as outlined on the Due Diligence request form. After all documents and materials have been delivered to PURCHASER, PURCHASER may cancel this Agreement for any reason, at the sole discretion of PURCHASER, within sixty (60) days after receiving all documents and materials from SELLER. In the event that PURCHASER elects to cancel this Agreement during the initial 60 day inspection period this paragraph shall serve as authority to the Escrow Agent from the SELLER to act upon the “single order” of PURCHASER to distribute the Earnest money to PURCHASER. Additionally, this paragraph shall serve as the SELLER’S release of the Escrow Agent from liability for disbursing the Earnest money to PURCHASER, Clause #2: PURCHASER to have a period of 30 days following above Due Diligence period to secure financing at terms acceptable to PURCHASER. PURCHASER may cancel this Agreement during this Thirty (30) day period in the event that PURCHASER does not obtain a loan approval for the purchase of the Real Estate and Personal Property that is satisfactory to PURCHASER. An automatic extension of 30 days shall be granted to PURCHASER for loan approval and funding provided LENDER provides a letter showing the loan approval and funding process is moving forward and additional time is needed to finalize the loan and funding process. Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our guest for this week’s show is Real Estate redevelopment expert, Jay Several. Jay has a very interesting story because his real estate investment career started off as more of a hobby which he dabbled in in his spare time while running his software consulting company. The exciting part about Jay’s journey is that not only did he start investing full-time just a short 10 years ago, but he started just before the biggest real estate crash in history was about to happen. And if that wasn’t already challenging enough, the projects that he was acquiring weren’t simple deals like stabilized apartment buildings or fully leased NNN shopping center deals. No, he started off by redeveloping vacant buildings and repurposing them for entirely different uses. This, my friends, is not a business for the faint of heart or for the beginner investor. Listen in to hear how Jay makes the magic happen In this show with Jay you’re going to learn: How jay got involved in Real Estate after selling his software consulting firm Why he decided to take the path of redeveloping infill properties instead of purchasing already occupied and cash flowing investments. How he was able to profit $1 million on his first deal and how he’s been able to duplicate this success over and over again. What qualities he looks for when determining whether or not a property makes for a good redevelopment opportunity. Why he never gives exclusive listings to commercial brokers. The process he takes to proactively seek out tenants to fill his centers before he’s even finished with the project. Why he feels that everything you own should be for sale….at the right price. The reasons he prefers the retail sector due to its ease of management. The $250,000 mistake he made and how he overcame it and became a smarter investor because of it. Why he feels that persistence is one of the most important qualities needed in becoming a successful real estate investor. And much more Recommended Resources: Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Jay and his company, please visit http://www.severalpropertiesgroup.com/

This week I'm going to discuss something that was just brought to my attention yesterday by one of my business partners and I was totally amazed that this type of service existed, let alone that it was being advertised blatantly on craigslist. Landlords BEWARE! Listen in to this week’s show so that you don’t fall victim to a scam tenant. Recommended Resources Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Dan Miller is Co-Founder and President of Fundrise, the first and leading real estate crowdfunding platform. The first company to successfully crowdfund real estate, Fundrise brings world-class real estate investments to institutional, high net worth and retail investors throughout the United States. Founded in 2010 by Dan and his brother Ben Miller, Fundrise has brought real estate crowdfunding to the mainstream, allowing anyone—accredited and unaccredited—to invest in property for as little as $100 per share, and as much as $10 million, and earn favorable returns (historically 12 to 14 percent). At Fundrise, Dan is responsible for exploring and opening up new markets and vetting real estate projects. Dan also speaks across the country as one of the leading authorities on real estate crowdfunding. In this show with gene you’re going to learn: What crowdfunding is and how it’s changing the real estate investment landscape as we currently know it by making investments available to the mainstream public. How the JOBS act has changed the securities and investment laws that hadn’t been changed since the early 1930’s and what these mean for smaller investors. The benefits that Fundrise provides both accredited and non-accredited investors who have an interest in participating in premium grade investments. The step by step process that Fundrise goes through to vet their property offerings. What separates Fundrise from all of the other crowdfunding sites out in the marketplace. Why Fundrise funds all of their own projects with their own money prior to making these properties available to members of their website. What advice Dan would give to someone who was attempting to raise capital for the first time. What signs Dan looks for when trying to identify emerging real estate markets and why he refers to it as an art form, but one that can be learned. What he would have changed if he could go back in time knowing what he knows now. And much more Recommended Resources: Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S Learn more about Dan and his company, please visit Fundrise.com