Real Estate Investing for Cash Flow with Kevin Bupp

Our guest for this week’s show is Joe Stampone who is the Vice President of Investments for Atlas Real Estate partners, a privately held RE investment firm located in NYC who specializes in opportunistic and value add real estate in the multi-family, student housing, retail, and office sector Unlike our typical guest here on the show who took the independent path of working their way to financial freedom through investing in real estate which usually consists of starting out with single family home investments and gradually working their way into larger and more profitable commercial deals, Joe decided on a different path, a path that landed him with a newly formed investment firm who specializes in institutional grade investments throughout a broad range of investment types. Joe 's goal with this approach was to surround himself with the smartest in the industry and build a track record for himself in order to gain an edge that will directly benefit him when the day comes where he'll venture out on his own. I personally think this is a brilliant approach and one that should be seriously considered by those who are currently working their way through college and have a serious interest in a career in real estate. In this show you’re going to learn: · The reasons for choosing the institutional path versus going out on his own · How he was able to land a key role with Atlas Real Estate Partners directly out of school · What fundamentals his group looks for within a particular market · How 3rd party strategic relationships has allowed Atlas to successfully diversify into multiple different asset classes · How Atlas has been able to create more efficient management of investor relations by integrating an already proven crowdfunding platform · What the day to day life within a private investment firm looks like · Joe's inspiration for starting his real estate blog · 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 a free "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 partner with the industry experts? Check out http://www.SunriseCapitalInvestors.com

In this week's Cash Flow Friday tip I'm going to share with you the 4 free resources we use in our business to perform a quick and dirty evaluation of a market #1: www.BestPlaces.net - this site provides info on cost of living, quality of schools, population, crime rates, unemployment rate, house prices and all of this can be search by zip code or by city and state. #2: www.City-Data.com - this site is somewhat similar to best places, but goes into a little more detail and even includes things like recent sold comps, a sex offender search, more detailed demographics, a breakdown of neighborhood data by zip code, building permit data, etc. This site is best for a more detailed and specific research #3: www.RentOMeter.com - Want to know what the market rents are for a given zip code or city/state? Then rent-o-meter is free and easy to use and will give you the quick and dirty data needed to see what properties are renting for in your market. #4: www.Craigslist.org - We use craigslist for a multitude of things including; checking the local rental market competition - how many properties similar to mine are there available, how long have they been listed, are they offering move-in incentives. Another thing we do is we run test ads to determine the demand within a given market for the type of property we're about to bring to market i.e., mobile home, apartment, SFR, etc. Some of you might find this misleading and unethical, but when looking to acquire a property within a new market I want to make sure there is plenty of demand before we commit to buy. I'll talk in more detail about this particular system we use for running craigslist test ads in next week's Cash Flow Friday tip.

This week's Cash Flow Friday tip is the top 3 critical market indicators to help you identify high demand or "soon to be high demand" areas to invest The question is, how do you find out whether the property you’re considering is located in a high demand area and whether the area will continue to be in high demand in the future because the last thing you want to do is buy a property in a declining market where incomes are deteriorating, unemployment is rising, and people are moving out. #1 - Demographics: Commercial property investing is really all about space investing. What that means is that you are buying, selling, or leasing space that you think the general population not only want, but need. Take a look at the number of households, people, and businesses residing within 3-5 miles of your property. The more the better. A simple free tool I use to do a quick and dirty analysis for this is www.BestPlaces.net and www.City-Data.com #2 - Income: To market, sell, and lease your space, you need paying customers. That means the more paying customers you have within 3-5 miles of your property that earn enough money to pay for your property, the better. For example, when I’m evaluating a market for Mobile Home Parks, I will look for median household incomes of $28,000 or better. That’s because residential tenants will spend about 1/3 of their income on housing. I’m looking for tenants that can afford at least $7,000-9,000/year. (583-750 mo) #3 - Infrastructure: Airports, highways, railways, ports, area amenities are all critical indicators for high demand areas. People want to live, work, and sleep where access is easy and amenities are available. If you’re looking at an apartment community 1 hour from any Walmart location, you might want to reconsider how “in demand” that are might really be. In fact, when I'm looking at a mobile home park within a new market I always look to see if there's a walmart and how close by it is. If there is no walmart in town then I usually pass immediately.

In this weeks show we’re going to cover a topic that has seem to become a popular over the past few weeks throughout the numerous conversations I've personally had with real estate investors who own multi-unit and single family rental properties This week’s show is a quick one in comparison to our normal Monday session and I’m going to get straight to the point as this is a topic that we don’t need to tip toe around. It’s really a no brainer and if you’re not implementing this strategy then you’re doing yourself and your business a disservice and you should really second guess your choice as being a professional landlord or real estate investor who owns rental properties since you'd be leaving a ton of money on the table without this technique in place And the topic or technique is about enforcing monthly late fees and why as a landlord I love when my tenants pay late and you should too if you want to increase you NOI. In this show you’re going to learn: § Why it is soooo important to enforce late fees § How you increase your NOI by as much as 10% by implementing this simple practice § How this simple strategy will make your job as a landlord much less stressful § How enforcing such a policy will make for better residents § And much more…

This week's Cash Flow Friday tip is based on a profound statement I like to use when speaking to both new and experienced RE investors about their investment strategy and the saying is “Real Estate is easy to get into, but hard to get out of. Let them tell you what this statement means to me by breaking it down into two separate parts with the first part being– the getting into real estate and the second part getting out of real estate a.k.a. your exit strategy. Getting into real estate is easy • Many different strategies to make money in RE, some of which you can do with almost a zero budget (wholesaling) • Multiple different educational options to learn the business (books, bootcamps, coaches, podcasts, etc) • Great financing options even for people with bad credit (hard or private money and even creative financing) Bottom line, if you put your mind to it you can buy an investment property, BUT just because you buy something doesn’t mean it’s a worthwhile property that will meet your goals – both short and long term. In addition, it’s imperative that you fully understand your exit strategy and have both a plan A, B, and C before ever getting into it because as the saying goes, getting into RE is easy but getting out can be a much greater challenge, one that if you don’t do your homework and have a plan in place can leave you in financial ruins. Possible exit plans • Adding value and selling for short term capital gains • Holding for long term cash flow • Adding value and refinancing to pull your capital back out • Fire sale – worst case scenario • Selling on creative terms Thanks for listening in to the Cash Flow Friday Tip and until we meet again next week, Get out there and make some cash flow happen.

In today's show, we're going to flip the tables and take a completely different angle as we interview Passive Real Estate Investor, Jeremy Roll. You see, we usually have owners on the show who are active operators and which a good portion of them get their funding from silent or passive investors to fund their acquisitions. Well, Jeremy is one of those passive investors and has built quite the empire in strictly a passive role and he's here to tell you all about it A little bit about Jeremy: Jeremy has been an active real estate and business investor for over 13 years who left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 50 opportunities across almost $400 Million worth of real estate and business assets. As President of Roll Investment Group, Jeremy manages a group of over 850 investors in the US and Canada who seek passive/managed investments in real estate and businesses. Jeremy co-Founded public investor meetings under the name FIBI (For Investors By Investors) in 2007 with the goal of networking with, learning from, and helping other investors. FIBI is now the largest group of public investor meetings in Southern California, with over 15 monthly chapters and over 13,000 members. Jeremy is originally from Montreal, is a licensed California Real Estate Broker (for investing purposes only), has an MBA from The Wharton School, and is an Advisor for Realty Mogul, the largest online crowdfunding marketplace for real estate investors to invest in managed real estate opportunities. Jeremy has a diverse investor and fundraising network for real estate and business opportunities and has a large network of real estate and business contacts. In this interview with Jeremy you’re going to learn: § What it means to be a passive investor § The types of returns Jeremy expects through his passive investments § The process of performing due diligence on a passive opportunity § The steps he takes to qualify the sponsor of investment opportunity § Why he likes to diversify into multiple different asset classes § The typical timeframe you can expect to have your capital tied up § The responsibilities of a passive investor § Jeremy's outlook for the next 5 years and why he's seeking out longer term investments § And much more…

In today's Cash Flow Friday tip we're going to talk about keeping an eye on the conditional of your rental properties on a regular basis and how to do it without looking like you're micro managing your tenants by creating a monthly or bi-monthly HVAC filter replacement program. Our company implements a Bi-monthly plan which kills two birds with one stone and you can do the same. 1. It ensures that our equipment is maintained as our past experience has shown that most tenants never replace filters, even if they are given a year's supply at the beginning of the lease agreement. 2. You can identify any other potential maintenance issues while in the home and also get a good look at the overall condition of the residence and see if the tenants are breaking any of the polices of the rental agreement (undocumented pets, more residents than stated, drugs or other illegal activity, etc.) If they are, you can take action to remedy the situation by creating a formal warning to them to fix the situation by a certain date or run the risk of being evicted due to breach of contract. Deferred maintenance and unruly tenants can wreak havoc on you and your property and by implementing a maintenance program like the one discussed you can hopefully get in front of any bad situations before they start. Thanks for listening in to the Cash Flow Friday Tip and until we meet again next week, Get out there and make some cash flow happen.

Our guest for this week’s show is commercial real estate broker and investor, Eric Odum. Eric and I actually met as he was an avid listener of our show and is also a fellow Tampa Resident. I thought it was very fitting to have Eric on the show as I received numerous emails from you guys asking about the relationship between the broker and investor and how to foster and grow them so that they help grow your RE investing business. Eric is the founder and principal of ROI Commercial Property Brokerage which is a full service firm that specializes in investment property brokerage and sales in the greater Tampa Bay market. In this interview with Eric you’re going to learn: § The process of establishing a relationship with a credible broker within your niche § Why learning to speak the lingo is a critical first step § The importance of knowing exactly what you're looking for and articulating that to the broker § The secret test which brokers will give you and what they expect § How to make it on their "off-market" VIP database § The multiple benefits that a good RE broker can bring to your business § Why you need to have all your ducks in a row before trying to foster this relationship § And much more… To learn more about Eric and his company, please visit www.FloridaTripleNet.com and to listen to his podcast, which I highly recommend go to www.InvestFloridaShow.com If you love what we’re doing, please do us a favor and show us some love by going to ITunes and leaving us a 5 star rating and a review. Itunes

In this week's Cash Flow Friday Tip we discuss the topic of choosing your target geographical area for where you'll be investing and why it's so important to have a clear focus on this. In this show, you will learn: § How to select the ideal size market to start with § Why focus is the key to being successful § How to collect and store the leads you'll get during this process and why they should be treated like gold § How our company selects our geographical target areas and why § and much more

In this inaugural episode of the Friday Cash Flow Tip we discuss the topic of rental collection and I share with you 3 of my proven strategies to make sure you're putting the most money into your pockets each and every month. In this show, you will learn: § How to choose your tenants wisely § Why eviction checks sometimes fail § Why you should never believe your applicants previous landlord § How to enforce a rent payment policy § Why paying your tenants to leave is sometimes the best solution § How to help your tenant find the money to pay the rent that's due § How to use subtle scare tactics to get your tenants to pay up § and much more