Real Estate Investing for Cash Flow with Kevin Bupp

In this week's Cash Flow Friday tip I'm going to share with you the 10 reasons why I think that every real estate investor should hire a professional 3rd party property management company. Now let me clarify, this applies to basically all asset types except mobile home parks and maybe self storage properties where your management is on-site and is typically employed by the property owner themselves. If your goal is to own a large rental portfolio of income properties then you'll need to become an expert at outsourcing and delegating responsabilities and hiring a professional property management company is one of the most important 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 real estate investor, David Fontana. David started thinking about real estate at the very young age of 14, an age when most of us were more interested in riding our bikes or playing a game of catch. His young interest in real estate stemmed from a fear of his dad running out of work and not being able to provide for his family and David knew that creating a perpetual income stream through real estate could ease that fear, but his father thought otherwise. His father thought tenants were nothing more than headaches and he wanted no part of it Fast forward a number of years and David went on to build a multi-million dollar contracting firm, has built or renovated more than 250 homes, built 100 condo units, built more than 5 million sq ft of commercial and office space and has built quite the impressive rental portfolio. To date David has 68 rental units in his portfolio with a goal to get to 300 units by 2018. Here’s a few things you’ll learn in our interview with David today: What intrigued David about real estate at the age of 14 Why he decided to make the switch from being a contractor to a long term investor What attracted him to Charlotte, NC and why he thinks it's the next large growth city How he found one of his best deals through a brokers personal website When hard money makes sense and when it doesn't How he was able to obtain owner financing on a recent 21 unit building in Charlotte Why he uses a multiple offers strategy when buying apartment buildings The risks of buying the underlying LLC that owns the asset instead of buying the real property itself. Why he loves condemned buildings Why he lives by the motto "don't be cheap" and how he attributes that to his success as an investor 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 David and his company, please visit http://www.DAGLLCUS.com

In this week's Cash Flow Friday tip I'm going to share with you an easy method for finding individuals with Self Directed IRA's who can make ideal candidates for becoming an active investor or private lender for your next deal. Unfortunately, we can't just go and purchase a list of names and mailing addresses from a list broker for these individuals who have self directed IRA's as that would be too easy and everyone would be doing it already. What we can do though is use this little secret method that I'm going to teach you in today's show to find those who have self directed IRA's and who are already actively buying or lending on real estate using their IRA which means they already know the benefits and are essentially semi-warm leads or prospects. What does all of this mean for you? Well, this means you'll be able to directly target millions of dollars of self directed IRA funds which can act as an excellent source of capital for your RE deals. So, in today's show, I'll break down this process for you into 4 simple steps. Enjoy! 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 Mark Gagner who is founder of Bridge Equity Group, a multi-faceted real estate investment firm who specializes in medium and large size multi-family & student housing investments as well as high-end residential fix & flips. Mark just started his real estate investing career 5 short years ago in 2010 and has since completed millions of dollars of flips as well as a few larger commercial acquisitions including a 172 unit apartment building as well as a 42 bed student housing property. He's also learned the private capital game and was successful at raising a large chuck of the equity for the 172 unit apartment acquisition and this was all while still working a full-time job. Here are a few things you’ll learn in our interview with Mark today: How Mark was able to build a multi-million dollar real estate investment firm all while working a full-time job How he is using fixing and flipping single family homes to fund his commercial real estate activities The positive impact that a mentor/coach had on him during the beginning of his investing career and why he feels everyone should have a coach or mentor. Why he feels that relationships are everything in this business What excites him about the multi-family and student housing space How he identifies emerging markets How to gain credibility by partnering with other successful investors The lessons he learned from cutting corners on a rehab Why he suggests rewarding those who help you in your business (contractors, brokers, birddogs, etc) 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 Mark and his company, please visit www.BridgeEquityGroup.com

In this week's Cash Flow Friday tip I'm going to share 2 easy methods to find and screen quality handymen for your rental properties. We personally use these two strategies when looking to build our rolodex of repairmen and service workers upon purchasing a property within a new market where we have no preexisting contacts. 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 Bruce Kirsch who is founder of REFM, a real estate financial modeling solutions provider who offers financial spreadsheet models, finance and financial modeling training, and financial modeling consulting for real estate transactions of all types. REFM provides its customers with the advanced financial modeling knowledge, tools and skills they need to successfully model their real estate transactions and present them with confidence to potential partners, lenders and investors. I’ve actually had the opportunity to go through and evaluate a few of REFM’s modeling tools and online training programs and I can personally say that the tools and trainings that Bruce and REFM offer are top notch and also very affordable in comparison to some of the other popular financial modeling software providers. And as an added bonus, REFM has a ton of free tools and resources available on their website including a free “back of the envelope” property evaluation templates to help you quickly sort out the promising deals from the duds. In this show you’re going to learn: What financial modeling is and why it's such a critical part of being a successful real estate investor How to obtain the proper operations data for a property and make valid assumptions when building a financial model How financial modeling helps you create and tell the story of any given property which is vitally important when raising private capital or pitching the deal to investors Why you need to stay privy to all your local real estate news Learn about REFM's tools and resources and how they can help your real estate business How to download REFM's free modeling templates and other financial modeling tools 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 herehttps://www.timetrade.com/book/FGF7S Learn more about REFM and Bruce by going to www.GetREFM.com

In this week's Cash Flow Friday tip I’m going to share a strategy which I learned from one of our previous guests and have since implemented into a few of my rentals and it’s proven successful. This strategy I'll talk about today is implementing a monthly pet rental fee into your lease agreements in place of a flat fee pet deposit. How does a 10-15% increase in monthly rental premium sound? 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 multifamily Real estate investor, Lance Edwards. Lance is going to share with us some of the benefits of investing in smaller multifamily properties and why he feels there are multiple competitive advantages in these smaller unit buildings which makes it a great place for investors who are just getting started and are interested in buying their first Multi-family property. In this show you’re going to learn: How to use OPM or other people's money to acquire multifamily properties Why Lance refers to apartments as "Cash Flow" Vehicles What economic fundamentals he looks for in markets he wants to invest in Why cash flow is king and appreciation is just icing on the cake His method for new investors which he calls flip, flip, flip, buy and hold (rinse and repeat) How to use the MLS to find these smaller multi-family deals How he wholesaled an $11 million multifamily apartment building. How he uses direct mail to find a majority of his deals How to get a copy of his free book "How to make big money in small apartments" by going to www.FreeApartmentsBook.com Why he feels strategic partners are extremely valuable and can help accelerate your RE business Why you need to become an expert marketer if you want to succeed as a real estate investor 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 Lance and download a few copy of his book by going to http://www.FreeApartmentsBook.com

This week's cashflow friday tip is going to be an extension of last week's cash flow Friday show where we discussed the benefits of seller financing for both the buyer and seller of an income property. Well, today I'm going to share with you 2 proven strategies to significantly improve your chances of obtaining seller financing on a purchase and how to properly use them. 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 Attorney and investment expert, Jeff Lerman. In today's show we're going to speak with Jeff about 2 hot topics that are critical to understand and implement into your business if your goal is to build a large real estate portfolio using OPM, also known as other people's money and these two topics are JV or Joint ventures and Syndication. In today's show we're going to dig deep into both of these partnership structure types so that you, the real estate investor, can be better informed and educated the next time you're preparing to take down a property using other people's money. In this show you’re going to learn: The difference between a syndication and JV structure and how to determine which one is the right fit for your partnership Why you should be using OPM, also known as, other people's money for your deals The legalities behind each partnership structure Estimated cost of setup for each partnership type The pros and cons of each structure How crowdfunding is changing the landscape, but is probably not your best option for raising money for a deal How to legally stay out of the SEC's crosshairs The new general solicitation rules and how they affect syndications 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 Tom by going to http://www.RealEstateInvestorLawyer.com