Real Estate Investing for Cash Flow with Kevin Bupp

Our guest for this week’s show is Real Estate Attorney and securities & syndication expert, Gene Trowbridge. In today's show we're going to speak with Gene about his experience as a real estate syndicator and how that led him into becoming a real estate and securities attorney who specializes in working with real estate investors like you and I who are looking to raise private capital to fund out deals. In this show with gene you’re going to learn: How he got his start in the business by first being a real estate syndicator that specialized in developing self-storage properties before deciding to venture off to law school at the age of 45. How the JOBS act has made it less restrictive for syndicators to advertise and raise money for their deals. Learn the 4 steps of the sales process for selling your investment offering to a prospective investor. What you need to know before structuring your first syndication to ensure you are setting yourself up for success. Why it’s absolutely critical to build some experience in the particular asset class you want to invest in prior to raising private capital from investors. How teaming or partnering with an experienced investor is a great way for first time syndicators to get their first deal done. Why it always makes sense to have at least 1 partner in your syndication, even if you don’t feel you necessarily need a partner. Learn the difference between a syndication and a JV partnership and why it’s critical to know which one is best suited for your particular structure. Why you as the sponsor of the syndication should be prepared to have some of your own money/skin to put into the deal. What kind of costs and expenses you can expect when forming your syndication. What crowdfunding really is and how this term is commonly misused and widely misunderstood. 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 Gene and his company, please visit SyndicationLawyers.com

This week I'm going to share a tip with you that I learned from reading Joe Stampone's "A student of the real estate game" recent blog post where he discusses how those who are looking to break into the real estate business, more specifically as the role of a syndicator, can obtain a free education from those who are already successful syndicators. Listen in to learn more... Recommended Resources: Check out Joe’s blog "a student of the Real Estate Game" http://astudentoftherealestategame.com/the-best-way-to-learn-the-real-estate-business 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

Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value and help take your real estate business to the next level. This week I'd like to cover a mistake that I see real estate investors make all too often when running their financial projections or pro-forma's on a new potential acquisition and how it can be the difference between a good deal or a bad one. Listen in as this is one show you won't want to miss. 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 Asset protection specialist, active real estate investor, and real estate attorney, Clint Coons. In today's show we're going to speak with Clint about how we, the real estate investor, can best protect our real estate investments. I’ve received multiple emails over the past few months from listeners who had questions regarding asset protection and I thought that the best way to cover the topic would be by bringing an expert on the show. In this show you’re going to learn: How Clint got his start as both a Real Estate Attorney and active real Estate investor Why you should never take title to an investment property in your own name…ever! Why having the appropriate insurance coverage on your properties doesn’t mean that your assets are properly protected. Why obtaining a loan for a real estate deal from the bank that you keep most of your money with is a big no-no and what you need to do to protect yourself. Why an LLC is the preferred entity structure when forming a JV partnership. What a series LLC is and when it makes sense to use it. Why you should never allow your CPA to setup your entity structure Why it’s best to create the entity for your holding company in Wyoming or Nevada, no matter where you live or invest The right questions to ask in order to find the right real estate attorney and asset protection specialist for your unique needs. The reason you should never setup your LLC as member managed. Why you need to start on your asset protection plan now, even if you don’t yet own any properties. And much more... 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 Learn more about Clint and his company, please visit https://clintcoons.wordpress.com/

This week we're going to speaking with long time mobile home investor , John Fedro. I wanted to bring John onto the show because as you are probably already aware (if you’re a regular listener to the show) is that my asset of choice are mobile home parks. And if you know anything about the mobile home park business, then you know that a big component of increasing the value of your park is by purchasing used mobile homes and placing them on any vacant pads within your park and then either renting them out or selling them on terms to an end user. Well, guess what John is an expert at? He has made a living by finding great deals on used mobile homes which he then rents or sells to create passive income. What you’ll learn in today’s show can be applied to both investing in individual mobile homes or investing in entire mobile home parks. Here’s a few things you’ll learn in our interview with John today: How he accidentally stumbled into mobile home investing. How he finds massively discounted mobile homes for sale, in fact, the average price he pays is $6,000 How he was able to go from a 100% buyer default rate when selling on terms and was able to get that down to less than a 5% default rate. How he is able to net a minimum of $300 per month of cash flow on a single mobile home and can usually recoup 100% of his original investment in 6 months or less. How you can become a huge asset to a mobile home park owner by buying homes and moving them into their park or purchasing existing homes within the park. Why it took him so long to transition over to investing in Mobile Homes to entire Mobile Home Parks and why he wishes he would have made the switch sooner. How he creatively bought into a partnership in an existing mobile home park and is now in the turnaround process and is already eyeing up his second park And much more 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 Learn more about Spencer and his company, please visit www.MobileHomeInvesting.net

This week I'm going to tell you about a Mobile Home Park that we're currently in contract on and the important details we uncovered during our due diligence by speaking with a few of the key city employees and why it's important that you never skip this step. As we do with every property we plan on purchasing, we scheduled a phone or in-person meeting with the key representatives in the town or city where this property is located and these people include: code enforcement, admin to the mayor, zoning, and the chief of police. It's amazing the things that you can uncover when you approach these individuals as a prospective new buyer for a property that's within their jurisdiction, especially if the property is one that they perceive as an eye sore to the community or a waste of valuable community resources. Well, let's get straight to the point, I'm going to tell you the two things we uncovered on a property we are in contract with that will have a drastic impact on our future plans. 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

This week we're going to speaking with multifamily investment expert, Spencer Cullor who is the director of acquisitions for ApartmentVestors, an investment firm specializing in the acquisition and management of value-add multifamily apartments in various markets throughout mid-west During our time together, Spencer shares with us his path to success through multifamily investing and provides intimate details about the lessons he’s learned along the way from the school of hard knocks. Here’s a few things you’ll learn in our interview with Spencer today: How he went from working in the corporate world as an employee to being a homebuilder and then transitioning to commercial real estate. What he disliked about the homebuilding business and the specific reasons that he was ready to make a jump out of this business and into investing in commercial real estate. What hard lessons he learned on his first commercial acquisition which was a retail shopping center that he purchased near the peak of the market. Details on his first multifamily acquisition which was a 40 unit apartment building that was a property with deferred maintenance and less than stellar management and how he’s been able to achieve more than a million of equity in this one deal alone. How he dealt with an occupancy drop from 85% to 65% on this first apartment acquisition and what he did to turn it around. The challenges he’s experienced with property management companies which is the reason he created his own management company. How he used a direct mail campaign to find his first deal and continues to use direct mail today to successfully find deals. Why you shouldn’t pay for upside potential on a property. Why Spencer doesn’t suggest that you start with a property larger than what you’re comfortable with for your first acquisition. If this number is 30 units then don’t go looking at 100 unit buildings. Why Spencer suggests that every investor has a mentor to guide them and how to go about finding them. And much more 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 Learn more about Spencer and his company, please visit www.ApartmentVestors.com

This week we're going to speaking with Leslie Himmel of Himmel and Meringoff which is a commercial investment firm based in Manhattan. Leslie is a as big as they come as she was recently recognized as the highest ranking female landlord in New York's commercial real estate market, which is quite an impressive feat. Honestly, I can't even fathom the sheer magnitude of the portfolio that Leslie has built, which consists of more than 2 million square feet of Manhattan commercial real estate with an estimated value of over $500 million. Listen in as she shares how she’s built such a successful empire. 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 Learn more about Jeremy and his company, please visit www.HMprop.com

Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value and help take your real estate business to the next level. This week I'm going to discuss a deal we're currently working on and why we're willing to over pay for it. There aren't many times when it makes sense to overpay for a property, but this one is the exception to the rule. 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

This week we're going to be doing a follow-up interview with Commercial Real Estate Investment Expert and CCIM instructor, Jeremy Cyrier. Jeremy was one of our very first guest way back when we first started this show and I thought it would be awesome to bring him back on to get an update on his business and also cover a topic which I felt was very timely give our current market conditions. Jeremy is going to share with us the step-by-step process of identifying the most promising real estate markets to invest in in order to find one that best meets your specific investment objectives. Now remember, Jeremy is a CCIM instructor and a very successful broker and investor so what he’ll be teaching us today is the same curriculum that he teaches other elite industry players as well as practices himself within his own business. Today’s topic is one of those skills that we as an investor need to master if we want to truly succeed and thrive in this business. Here’s a few things you’ll learn in our interview with Jeremy today: Why he's transitioning out of his multi-family investments and into the suburban office class. How to use free online tools that Jeremy shares with us to uncover strong US markets that might be ripe to invest in and also those that might be a little to overheated which means you should stay away The effects of urbanization and the opportunities it might present with income properties which are located in the suburban markets. What the difference of a financial driven and market driven property search is and which you should be using The step by step process that Jeremy uses to identify potential markets to invest in - this is the same process that is taught through the CCIM curriculum. How to use the free report offered by IRR.com to identify specific market data to assist you in choosing the right markets to invest in. How to identify what part of the market cycle your target real estate market is in. And much more Resources from Show: Dividend Capital: http://www.dividendcapital.com/ Integra Realty Resources: http://www.IRR.com National Council of Real Estate Fiduciaries: http://www.ncreif.org/ http://www.reit.com/ Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/ Shift Share Employment Analysis: http://www.georgiastats.uga.edu/sshare1.html Site to Do Business: http://www.STDB.com U.S. Bureau of Labor Statistics: http://www.bls.gov/ U.S. BLS Location Quotient Form: http://data.bls.gov/location_quotient/ControllerServlet;jsessionid=1B23C3E004705633FAF5D7FE8B00D6EC.tc_instance3 The Conference Board: http://www.conference-board.org/ Calculated Risk: http://www.calculatedriskblog.com/ Commercial brokerage market reports: http://www.CBRE.com, etc. CoStar: http://www.CoStar.com 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 Learn more about Jeremy and his company, please visit www.CREinvested.com