043: Are Quad Cities Ideal for Turnkey Real Estate Investments?

 

Today we talked with long-time guest Matt Larson about why Quad Cities is a great place to live and do real estate; the process and statistics for turn-key starter homes; and the ins and outs of working with contractors.

Minute Markers:

00:28 – Welcome Matt Larson

01:05 – About Matt

03:51 – Why Matt Does Turn-Key Real Estate

04:55 – Why Quad Cities Does So Well

05:26 – What You Won’t Get with Quad Cities

06:18 – Home, Sweet Home & The Steady Eddy Market

07:33 – Will Quad Cities Do Well in The Down Market?

09:05 – The “Teeter-Totter” to Determine the Economy

10:22 – What to Do During A Market Crash

11:15 – Advice for Buyers

12:20 – Typical Stats for Turn-Key Starter Homes

16:45 – The Value Growth

19:12 – Executing a 3-4 Month Cycle

23:30 – Work Blueprint with Contractors

25:30 – Project Plan and Budget

28:35 – Working with Contractors

31:00 – Giving Matt Credit

31:45 – Praise for Mike

33:28 – Thank you for listening to the Big Mike Fund Podcast

Resources:

Matt Larson LinkedIn

Easy Street Properties (Property Investment)

Matt Larson: mlarson@easystreetprops.com

042: How to Raise Money from Mom and Pop Investors

My guest today is Jay Conner from Moorhead City, North Carolina. A big, kind shark in a small pond, he works in small-town real estate investments. Today we talk about raising “small money,  ‘mom-and-pop’ style money” for real estate deals.

MINUTE MARKERS:

00:30  — Introduce Jay Conner to the show

00:53 — Moorhead City, North Carolina

01:41 — Small city with private funds “Mom and pop money for real estate deals”

02:05 — Why “mom-and-pop money” is great for businesses who need investments

04:17 — Giving Jay Connor credit for his amazing accomplishment

05:11 — How do you go from $0.00 to $2 million in 90 days?

05:37 — Develop a program to offer people

06:18 — “Warm market”

06:57 — Jay’s program

08:34 — Why Jay’s program is perfect for “soft money” lenders

09:09 — How do you bridge the trust between you and a “soft money” lender?

09:40 — “Positioning”

12:15 — Focus on the program

13:46 — The bottom line answer

14:18 — How does a brand new real estate investor do this program?

15:20 — Recap of Jay’s answer

15:28 — One of the best ways-these days-to deliver a message and why

17:13 — The three types of partners

18:07 — How to break through on your warm leads

18:51 — How to host a successful private lender luncheon

19:15 — Who do you invite to a private lender luncheon

20:37 — How to have credibility at private luncheons

21:21 — The good ol’ traditional way to build investor trust in small towns

23:14 — Jay’s free online class 

24:00 — Thank you, Jay!

24:16 — Thank you for listening to the Big Mike Fund Podcast

RESOURCES:

Tempo Management Group LLC: https://tempofunding.com/

Jay’s Free Online Class: https://www.jayconner.com/training/wtgtmn-webinar-rev2/

“Education works better than trying to sell them.” — Mike Zlotnick

041: Real Estate Syndication Explained: How to Get Started

My guest today is Whitney Sewell, the Director at Lifebridge Capital. He’s involved in real estate syndications. We discuss the basics of syndications and what kinds of deals Whitney is seeing in the course of his work.

Blaine has some helpful suggestions about how to get started in syndications.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:29 – Welcome Whitney Sewell to the podcast

00:41 — Who is Whitney

03:39 – What Whitney is doing in real estate syndications

05:10 – Whitney’s podcast

05:58 – How someone gets started in syndication

06:34 – How to find sponsors for syndication

12:18 – What kind of syndication deals Whitney is seeing today

17:32 – Examples of interesting deals coming through the syndication pipeline

21:28 – Best practices to find multi-family deals off-market

25:21 – Thoughts and suggestions from Whitney

28:45 – How to contact Whitney

30:00 — Outro to the Big Mike Fund Podcast. 

RESOURCES 

Whitney Sewell

Lifebridge Capital

The Real Estate Syndication Show

The Road Less Stupid

Whitney@LifebridgeCapital.com

040: Clarity Mindset for Financial Goals

My guest today is Blaine Oelkers, the Chief Results Officer at Freedom Founders Mastermind Group. He has a successful method that helps his clients achieve their financial goals. We discuss his approach to helping his clients and how Masterminds are the perfect tool to do that.

Blaine has some useful reading recommendations and a personal approach that makes him great to work with.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Blaine Oelkers to the show.

01:40 — Who is Blaine?

02:50 — Why Blaine chooses to work from home.

05:14 — How to encourage a desire for wealth and leadership thinking.

07:11 — How the book, Think and Grow Rich helped Blaine.

10:46 — The power of mastermind groups.

11:57 — The differences between Freedom Founders and Collective Genius.

14:42 — The concept of masterminding with God.

17:35 — How to achieve results in your financial goals.

19:30 — Celebrating weekly wins.

19:59 — How to focus your clarity.

20:29 — Staying accountable to your goals and results.

23:16 — Blaine’s contact information.

25:02 — Thank you to Blaine for joining the podcast.

26:11 — Outro to the Big Mike Fund Podcast.

RESOURCES

Blaine on LinkedIn

Blaine’s Tedx Talk

Forced Clarity

Freedom Founders

TF Management Group

Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing Into a Real Estate Fund (Private Money, REITs, Equity, Structure, Tax) by Mike Zlotnik

Think and Grow Rich by Napoleon Hill

Traction: Get a Grip on Your Business by Gino Wickman

The Collective Genius

039: Risk-Adjusted Returns in a Nutshell

Today, I offer you a presentation about risk-adjusted returns. Listeners have been asking me, “how do I calculate my risk-adjusted return?” Well, I will do my best to answer that question and cover how variables like investment quadrants, market conditions, and sponsors affect the calculation.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome to the show.

00:58 — How to calculate risk-adjusted returns.

01:43 — A little bit about me.

02:44 — How to learn more about my business and contact me.

03:33 — Why do we care about risk adjustment returns?

05:26 — A project must fit your portfolio.

06:32 — Understanding and identifying speculative investments.

07:30 — The pros and cons of the 4 investment quadrants.

08:57 — Quadrant one — cash flow focus.

10:05 — Quadrant two — growth focus.

10:56 — Quadrant three — Speculative grade projects.

11:30 — Quadrant four — ground-up projects.

12:00 — All projects have risk, remember that.

12:33 — The types of risk you can expect.

13:28 — How do you compute risk-adjusted return?

14:17 — The risk-versus-reward side of the capital stack.

14:53 — The pros and cons of Senior Debt.

15:43 — What are Junior Debt and preferred equity?

16:09 — The joint venture equity and common equity option.

16:48 — How do you compute loss reserves?

19:15 — Why market conditions are important.

20:37 — The stress test you can use to help your calculation.

24:39 — My opinion about losses in a normal market.

28:37 — Loss reserves for investment grade projects versus speculative projects.

30:01 — The risk level of Speculative grade projects.

31:18 — ROI expectations regarding investment quadrants.

34:22 — Cash flow expectations regarding the investment quadrants.

37:16 — What is a quality cash flow syndication or a similar fund focused on the cash flow?

41:00 — The role of a good sponsor.

42:45 — Should you invest in individual deals or funds?

45:05 — Thank you for joining me for today’s episode.

45:42 — Outro to the Big Mike Fund Podcast.

RESOURCES

The Big Mike Fund

Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing Into a Real Estate Fund (Private Money, REITs, Equity, Structure, Tax)

038: Behind the Collective Genius Mastermind

Today, I welcome a very close friend and associate of mine, Jason Medley. Jason is the CEO and founder of the Collective Genius Mastermind. He has 19 years of experience in real estate and is a dedicated family man. He has built a warm and inviting group for entrepreneurs who want to go someplace where they are understood and valued. The group has been thriving and growing for 9 years.

During this episode, Jason tells me about the atmosphere he is trying to maintain in CG and who he feels is the best fit for the organization. He shares his hopes for the future and encourages entrepreneurs to reach out and see if CG is a good fit for them.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:21 — Welcome Jason Medley to the show.

01:43 — Who is Jason Medley?

04:28 — The benefits Collective Genius brings to its members.

10:25 — How the board of directors is involved in CG’s process.

13:30 — “It’s lonely at the top,” and how CG eases that feeling.

15:21 — The future of the Collective Genius Mastermind.

23:05 — The importance of communication within the group.

24:10 — Jason’s contact information.

25:28 — What Jason is looking for in a member.

25:45 — Jason’s experience with me and my fund.

29:25 — How to apply for membership.

31:06 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Collective Genius Mastermind

037: Turnkey Property Management: The State of Detroit’s Real Estate Market

Mike Jordan is the President of Strategy Properties. He is a property manager who specializes in turn-key properties in Detroit. Today he tells me how he likes to conduct business and the reason he does what he does. He has a variety of real estate experience to share and has some wonderful insights on the state of Detroit’s economy and real estate market.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Mike Jordan to the show.

00:55 — Who is Mike Jordan and what does he do?

06:00 — Why you need a “why” in your business model and life.

07:20 — What a standard turn-key operation looks like in Detroit.

11:19 — How to identify a rehab property.

13:00 — The trouble with the data on websites like Zillow and Trulia.

14:08 — How Mike conducts business and why.

18:25 — Happy customer, happy business.

19:40 — Mike’s contact information.

20:18 — The current state of Detroit’s real estate market and economy.

22:40 — Why May is the best time for a property tour in Detroit.

24:32 — Mike’s podcast and why you should educate yourself.

25:40 — Outro to the Big Mike Fund Podcast.

RESOURCES

Strategy Properties

Unique Wealth Education Podcast

Big Mike Fund

036: Performing, Non-Performing, and Reperforming Notes

Fuquan Bilal is the CEO of the National Note Group (NNG) Capital Fund. He is based in New Jersey and is known for rehabilitating homes in lower class areas. Fuquan shares how he got involved in real estate and how riding through the market crash made him a stronger realtor. He specializes in non-performing home loans (notes.) We discuss the differences between the various notes and how Fuquan approaches them.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Fuquan Bilal.

01:23 — Who is Fuquan and how did he get into real estate?

04:01 — How the market crash affected Fuquan and his business model.

05:00 — What he likes about real estate.

06:44 — The difference between the various notes.

11:00 — The strategies Fuquan uses when he gets involved with a home loan issue.

17:36 — Fuquan’s opinion on the return on time and the tricks he has learned.

18:43 — How to leverage your vendors.

20:35 — Typical closing costs in Fuquan’s market.

21:05 — Cost-cutting strategies that help Fuquan and his team.

24:11 — Fuquan’s final thoughts.

24:18 — Fuquan’s contact information.

24:40 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

NNG Capital Fund

Fuquan Bilal’s email

035: Finding Financial Freedom

Dr. John Harrison is a Michigan based investor who has found financial freedom through the Freedom Founders mastermind. He walks us through his journey to financial freedom and he explains how real estate has been his best investment course. John shares how we met and why he prefers funds over individual deals. He has some smart advice for newcomers to this investment space, which makes this a great episode for investment beginners.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Dr. John Harrison to the podcast.

01:45 — Why John decided to join Freedom Founders.

04:00 — 3 common traits all financial free people have.

04:21 — Why does John invest?

04:42 — John’s previous investment experience.

07:00 — How to improve your due diligence process.

08:00 — What does financial freedom mean?

09:39 — 2 lessons about creating a financial cushion.

10:50 — Why John chose to invest in real estate.

14:34 — Why fund arbitration is a win-win situation.

19:18 — John’s opinion of speculative investments.

22:45 — Why John prefers funds.

25:49 — Why education is important in investing.

29:05 — John’s contact information.

30:01 — Outro to the Big Mike Fund Podcast.

RESOURCES

Freedom Founders

John’s email

TF Management Group

Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing Into a Real Estate Fund (Private Money, REITs, Equity, Structure, Tax) by Mike Zlotnik

The Compound Effect by Darren Hardy

034: Investing in Self-Storage Facilities

I welcome Fernando Angelucci of the Titan Wealth Group to the podcast. Titan Wealth is an investment firm that specializes in self-storage real estate. We discuss the state of the market currently and the inevitable slow down is coming.

Fernando explains why he prefers self-storage over other types of real estate. He has wonderful sources to support his viewpoint and is really knowledgeable about the market. Fernando shares how he and his team find his deals and why self-storage is filling up with competition.  If you have considered investing in self-storage, it’s probably best to hold off right now, but Fernando has some great insights that can help you when the market picks up again.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Fernando Angelucci to the show!

02:34 — Why Fernando prefers self-storage deals.

04:43 — The inevitable slow down of the market and what Fernando thinks about it.

05:30 — The opportunities that will come out of a market downturn.

07:55 — How more experienced investors can side-step the newcomers.

10:17 — The benefits of “vulture investing.”

12:52 — The fragmented market in the self-storage space.

17:17 — Why cap rates are compressing.

19:35 — The two strategies that Titan Wealth Group uses to find properties.

20:00 — The three exit strategies that work for the Titan Wealth Group.

23:40 — Why I prefer conversion deals over ground-up deals.

25:08 — Why a combination of strategies is the best approach.

28:10 — How to create a marketing approach that will beat REITs.

30:40 — Thank you to Fernando and his contact information.

31:42 — The upcoming deals involving that Titan Wealth Group.

32:00 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Fernando’s cell number — 630-408-8090

Titan Wealth Group website

Titan Wealth Group on Facebook

Titan Wealth Group on Twitter