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

033: The Mobile Home Market

Glenn Stromberg is a good friend who is also a brother of the Collective Genius Mastermind and Freedom Founders. Glenn is an expert on mobile homes. He buys them, fixes them, and flips them to his investors. He is very open about his process and explains why he prefers the business model.

Glenn tells me what a mobile home is now and how it differs from a manufactured home. He highlights the bright side of his market and gives the audience an idea of what a typical investment opportunity would look like with his company. Glenn’s market stretches from the Fort Worth area all the way to North Carolina. These are two totally different markets and Glenn paints an informative picture of both.

MINUTES MARKERS

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

00:21 — Welcome Glenn Stromberg to the show.

01:15 — About Glenn and his territory.

01:41 — The two types of mobile homes.

02:22 — Why the second type is really considered real estate instead of a mobile home.

02:47 — Can mobile home residents get a FHA Loan?

03:35 — Glenn’s typical business model.

05:09 — Mobile homes are the best kept secret in real estate.

06:07 — Are mobile homes and manufactured homes the same thing?

06:21 — How modular homes are different.

06:32 — A brief overview of the history of the mobile home space.

07:41 — How mobile homes have improved in quality.

08:16 — The differences between Glenn’s Texas and North Carolina markets.

11:00 — The private mortgage option for investors.

11:26 — Why Glenn chose to work with mobile homes.

11:52 — Who manages Glenn’s properties?

12:48 — How the 2008 housing crisis affected Glenn’s business.

13:28 — The typical price of one of Glenn’s properties.

16:33 — The typical agreement with an investor.

20:18 — Supply and demand affect the market.

21:20 — Does Glenn do any ground-up work?

22:12 — The typical rehab project for Glenn.

24:10 — Glenn’s contact information.

25:50 — Why Glenn likes the mobile home market.

27:54 — Thank you to Glenn for joining us.

28:33 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Stromberg Investment Group

817-966-1258 (Glenn’s number)

Glenn’s email

 

032: Investment Grade Deals and Speculative Opportunities

Today’s episode is a joint presentation and episode of Dentist Freedom Blueprint Podcast and Big Mike Fund Podcast. Dr. David Phelps and I discuss a collaboration we have between the Tempo Fund Management Group and the Freedom Founders mastermind.

I share my presentation about alternative deals and speculative deals. We hope to educate you on the pros and cons of investment grade deals and speculative opportunities. It is also important to work with a group like David’s Freedom Founders to weed out the bad deals and limit the risk in a deal. Of course, we want you to steer toward investment grade deals but there are good speculative deals and you need to know how to recognize the difference.

There is a lot of good information in this episode and David is a great presentation partner. So, please join us for this Big Mike Fund Podcast and Dentist Freedom Blueprint Podcast.

MINUTES MARKERS

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

00:22 — Welcome to the Big Mike Fund Podcast.

00:27 — Welcome to the Dentist Freedom Blueprint Podcast.

00:42 — Our joint episode about due diligence and deal selection.

01:40 — Our current collaboration and how we met.

04:55 — How to leverage others’ specialties and expertise.

06:22 — What are alternative investments?

07:00 — A brief overview of today’s episode.

08:35 — The beginning of my presentation.

09:16 — The difference between investment grade deals and speculative deals.

10:56 — Who is Dr. David Phelps?

11:40 — The beginnings of the Freedom Founder mastermind.

12:10 — A little about me.

14:07 — David’s book and how to get it.

15:12 — Pros and cons of investing in syndicated real estate.

21:26 — Pros and cons of individual deals and funds.

23:24 — The difference between a syndication deal and a fund.

24:41– Investing vs. Speculating

28:44 — The 4 Deal Quadrants.

35:30 — What does downside protection mean?

38:51 — Downside Protection vs. Wall Street

39:25 — All projects have risks.

40:30 — Typical risk adjustment based on the Deal Quadrants.

45:55 — The role of the market in deal risk.

48:11 — Backend appreciation in a deal and the cash flow.

49:23 — The mixed results of investment grade growth focused deals.

50:43 — An overview of the speculative sector and cash flow expectations.

52:35 — The ways cash flow works in syndicated deals.

01:02:00 — A brief explanation of underwriting and what to consider.

01:03:26 — How to install controls into a deal.

01:07:55 — How to recognize a fair deal.

01:17:10 — Examples of bad deals I’ve seen.

01:20:28 — A recap of today’s topic.

01:21:14 — Freedom Founders and David’s book.

01:21:37 — My contact information.

01:22:09 — Thank you for joining us for this episode and presentations.

01:23:03 — Outro to the Big Mike Fund Podcast.

RESOURCES

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) by Mike Zlotnik

Tempo Funding Management Group

Freedom Founders

From High Income to High Net Worth for Dentists by Dr. David Phelps

Apply for an Invitation to the Freedom Founder community

Dentist Freedom Blueprint Podcast

 

031: House Flips and Multi-Family Properties in Mobile, Alabama

Today I welcome Jared Irby, the president and the founder of the IRBY Home Buyers. He is a fellow member of the Collective Genius Mastermind and is based in Mobile, Alabama. Jared invests in house flips and multi-family properties. He shares the standard cost of one of his properties and gives us an idea of how he works with the local economy to a mutual benefit.

He also gives a clear picture of the market he works within and why he thinks it is so favorable to business and real estate. Mobile is a well-kept secret within the real estate community and Jared will explain why.

MINUTES MARKERS

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

00:22 — Welcome Jared Irby to the podcast.

00:54 — About Jared and his business in Mobile, Alabama.

01:34 — Why hurricane season is not as big as a deal as the media makes it out to be.

03:12 — The types of properties Jared buys and who is his standard customer.

04:45 — The average cost to one of Jared’s investors.

05:57 — The average cost to a family renting one of Jared’s properties.

07:20 — The types of investor Jared likes to work with.

08:26 — How Jared manages his properties.

09:24 — The multi-family opportunities Jared has invested in and why he likes to focus on the low end of the market.

13:43 — Why Jared likes to work with local banks.

16:05 — How his company finds their deals.

19:30 — The current market outlook in Mobile and why it is a well-kept secret.

23:50 — Why cities do better when businessmen are in charge,

26:23 — Jared’s final advice to the audience.

28:32 — Jared’s contact information.

29:20 — Thank you, Jared, for joining us.

29:36 — Outro to the Big Mike Fund Podcast.

 

RESOURCES

Big Mike Fund

Jared on Facebook

Irby Home Buyers

Empire Forge Mastermind

 

030: The Advantages of Alternative Investments

Ryan Parson is Chairman and Chief Investment Officer at Heritage Capital USA, Inc. and Mile Marker Club, as well as the Director of Investor Relations at Colonial Capital Management. He is also a renowned nationwide speaker on alternative investing and portfolio management.

Ryan grew up in a family rooted in real estate investment and in this episode he unwraps the advantages of alternative investments.

We learn about his non traditional way of thinking when investing as he leans into building your work around your life and not the other way around.  Ryan identifies a huge gap in a specific investor demographic that is looking for non traditional, more holistic options. While traditional advisor may find this impossible, Ryan and his company aim at fulfilling this need.

Ryan talks about the importance of knowing what is a great deal for you alone and Ryan mentions why real estate is such a popular investment vehicle. Tune in as he tackles taxation, shedding light on how important it is for you to be organized and be in control of the process.

MINUTE MARKERS

00:00 — Intro

00:26 –Welcome Ryan Parson

00:58 –Ryan’s portfolio and overview

03:37 –When Ryan moved from the corporate world to alternative investing

04:57 –Where Ryan started investing

06:40 — Ryan’s passive income realization

08:14 — How do you build a plan for your clients? What do you do?

08:26 — Two critical components

08:58 — Ryan’s discovery of the chasm

09:39 — What Ryan and his company strive to to

09:50 — Ryan talks about traditional advisors

10:26 — The reason why traditional advisors do what they do

10:50 — What Ryan aims to do

12:33 — Life versus work, Ryan’s take

14:30 — How do you choose the right projects for your investors?

15:09 — Ryan uncovers how your relationship with money dictates your choices

15:28 — How Ryan helps his clients unfold a strategy

17:54 — Determining how much cash flow is needed

19:30 — How much time can you commit to be being an investor?

22:53 — Ryan’s basic strategies to minimize taxation and allow growth

23:46 — Looking at the deal behind the deal

26:42 — Private deals versus speculative deals

27:18 — Taxation

35:03 — How to reach Ryan

35:26 — Special offer for listeners

36:44 — Final thoughts

Resources

www.HeritageCapitalUSA.com

www.ColonialCapitalManagement.com

www.MileMarkerClub.com

 

 

029: Creating Leverage

Jordan Fisher is the founder of Good Bones Properties, a full-service real estate brokerage that buys and sells properties, as well as trains real estate agents how to create and maintain leverage during a sale. Jordan is the king of creating leverage in his deals. He emphasizes the importance of maintaining control over the deal process.

We dig deeper into Jordan’s process and how integrity is the best weapon you have in real estate.

MINUTES MARKERS

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

00:22 — Welcome Jordan Fisher to the podcast.

01:25 — Jordan’s real estate background and how we know each other.

02:20 — The best way to sell any property in any market.

04:50 — Why brokers tend to exaggerate the price of a property.

05:28 — How Jordan’s approach is different.

06:09 — Jordan’s 3 Ls of real estate.

06:40 — There is no room for hope in real estate.

08:40 — How Jordan creates leverage.

10:54 — Why you want an awkward price on your property.

13:28 — How to play the game of leverage.

16:58 — What’s wrong when Jordan’s system doesn’t work.

18:27 — Phase One of Jordan’s process: set up the system.

21:52 — Phase Two: Maintain the leverage by placing the deal in the buyer’s hands.

24:02 — Phase Three: How to effectively accept an offer.

28:00 — How timelines help you maintain leverage.

32:38 — How to keep your integrity during a deal.

36:25 — What you can control in a deal and what you can’t.

38:10 — Jordan’s contact information.

39:02 — Thank you to Jordan Fisher for joining us today.

39:30 — Outro to the Big Mike Fund Podcast.

RESOURCES

Good Bones Properties

Jordan’s email

Big Mike Fund