028: Turnkey Market Strategies

Antoine Martel is an up-and-coming superstar in the real estate world. He specializes in turnkey properties and has grown his business at an impressive rate in the last four years. Antoine tells me the story of how he got into the turnkey business and what he has learned from it.

If you are considering jumping into the turnkey market, Antoine paints a great picture of how the model works. He offers some good advice and shares his opinion on the current market.

MINUTES MARKERS

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

00:22 — Welcome Antoine Martel to the show!

01:11 — All about Antoine and Martel Turnkey.

03:22 — The type of properties Antoine considers.

03:50 — What makes Antoine’s deal structure different from others?

05:05 — How to find good companies to do work for you when you are out of state.

06:42 — How Antoine finds his deals.

09:20 — Why cutting corners is always a bad business decision.

10:45 — The typical cost of one of Antoine’s projects.

12:50 — The challenge of finding a good property manager.

13:50 — How Martel Turnkey handles tenant turnover.

15:30 — Antoine’s rule of thumb for cash reserves and Mike’s differing opinion.

19:47 — Antoine’s observation of the current market.

21:38 — What happens when people want to sell their turnkey property?

22:10 — Antoine’s contact information.

23:05 — Antoine’s book recommendation.

24:30 — Thank you to Antoine Martel for joining us.

24:51 — Outro to the Big Mike Fund Podcast.

RESOURCES

Martel Turnkey

Antoine on Instagram

Big Mike Fund Podcast

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

 

 

027: Preparing for a Market Downturn

Welcome to the Big Mike Fund Podcast! Today’s episode is a topical episode. I want to share how you can prepare for the inevitable downturn coming to the global economy. 2019 is going to see a recession. I have been saying this for a few months now and I want you to be ready for the changes coming down the pipe.

MINUTES MARKERS

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

00:23 — Welcome to today’s monologue.

00:50 — The economy is currently in a technical recession and it will get worse.

02:00 — The federal government will slow interest rates hikes and why that is good.

02:49 — The effect of the trade wars.

03:26 — My opinion on the situation with China.

04:18 — The outlook from a global perspective.

05:47 — What a recession will mean for you.

06:20 — The corrections to the market you can expect.

07:30 — The increase in demand for affordable housing.

08:28 — Point 1: consider your cash flow.

09:40 — Point 2: look for value-add projects.

10:30 — What a recession will mean for the stock market and other investments.

11:26 — Why real estate is still a sound investment.

12:18 — What is actually considered “affordable housing.”

13:13 — Why duel exits are best.

14:07 — Avoid investments that are dependant on commodity prices and trade agreements.

15:19 — Syndicated deals don’t work in this environment.

17:10 — The areas that will always do well.

19:02 — Invest in what you understand and people you trust.

20:10 — Increase your access to cash.

20:52 — Why an investment partner is a good idea.

21:33 — Look for properties in distress and what that means.

23:20 — A recap of today’s topic.

23:51 — Thanks for tuning in and how to contact me.

24:06 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

 

026: How Investor Comps is Helping Customers Save Money

Mark Jackson is the founder of Investor Comps, an online service that helps potential investors get the transactional and market information on a property. We discuss his company and the tools it offers to its customers.

I have personally worked with Mark in the past. We met in the Freedom Founders mastermind. I really like him and his company. Tune in to learn more about Investor Comps and how it can help you better prepare for your next real estate deal.

MINUTES MARKERS

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

00:21 — Welcome Mark Jackson to the podcast.

01:40 — Mark’s history as a property appraiser.

04:30 — The beginnings of Investor Comps.

05:13 — How Mark did his deals differently than other appraisers.

07:00 — What Investor Comps offers their customers.

14:05 — How Investor Comps’ service presents market changes to their customers.

21:20 — Features that appear on an Investor Comp report.

23:15 — What are some of the terms Mark uses during this episode.

26:10 — Mark’s opinion on the Air BNB trend.

29:40 — Thank you to Mark Jackson for joining the podcast.

30:13 — Upcoming events on Investor Comps.

31:00 — Mark’s book recommendation.

31:40 — Mark’s contact information.

32:15 — Outro to the Big Mike Fund Podcast.

RESOURCES

Investor Comps

Freedom Founders

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod

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

 

 

 

025: Changes in the Real Estate Market

I am joined today by Jason Hartman, a successful real estate investor and advisor. Jason and I discuss the changes coming to the real estate market. Interest rates are set to raise and we have differing opinions on the government’s decision to rise rates. We have a respectful debate about why these changes are both good and bad for the economy.

Jason and I have a great conversation and it is awesome to have such a knowledgeable guest.

MINUTE MARKERS

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

00:22 — Welcome Jason Hartman to the podcast.

00:58 — The real estate market is changing!

06:09 — How the new tax laws are helping Jason’s business.

09:00 — What adjustable mortgage investors can expect from the changes.

11:12 — The 3 ways the government misrepresents the inflation rates.

13:54 — The grand conspiracy theory.

14:52 — The concept of inflation debt destruction.

15:16 — Why inflation is good.

16:00 — Why Jason doesn’t agree with Robert Shiller’s work.

17:40 — Shiller’s Cyclically Adjusted Price Earning Ratio.

20:00 — What Cyclically Adjusted Price Earning Ratio doesn’t take into consideration.

21:56 — The problem with unequally yoked trading partners.

25:23 — Capital formation is the key to wealth building.

27:40 — Thank you, Jason Hartman, for joining the show today.

28:10 — Jason’s parting advice for the audience.

29:08 — Jason’s contact information.

29:43 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Creating Wealth Show

Jason Hartman’s website

 

 

024: How to Prepare for Rising Interest Rates

Today’s episode is a presentation I have put together about how to prepare for raising interest rates and other topics. I answer many questions about interest rates and how a fund can better prepare you for an economic downturn. Some of the questions I answer are,

  • What to do when interest rates go up.
  • What does the Federal Reserve do?
  • How can you protect your investments during an economic change?

MINUTE MARKERS

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

00:22 — Welcome to my presentation.

01:02 — About me and professional background.

01:36 — What Tempo Fund specializes in and other resources we offer.

02:07 — The current state of interest rates.

03:30 — What is a cap rate? How is it used?

07:17 — What happens to cap rates when interest rates go up?

08:01 — Why cap rates get worse.

09:30 — How interest rates affect prices.

10:39 — 3 examples of how interest rates work.

12:00 — DSCR requirements and what that means to a bank.

15:52 — What do these examples teach us?

16:18 — How interest rates affect the value of a project.

21:17 — Is it possible for the asset prices not to fall even with the rising interest rate?

22:11 — Why the Federal Reserve raises interest rates.

24:37 — Maybe, interest rate increases are good for real estate?

28:17 — How the Federal Reserve raises interest rates.

29:00 — The Federal Reserve is raising interest rates too fast.

29:54 — The problem with short-term interest rates.

30:05 — A brief recap of the economic state of the market.

32:23 — How can you prepare for an interest rate rise?

35:43 — How to invest with an economic downturn in mind.

36:30 — Why should you invest in value-add projects?

38:14 — Individual deals vs. Funds

40:37 — The Tempo Opportunity Fund.

42:40 — My contact information.

43:50 — Thank you for listening today.

43:53 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Tempo Funding

Tempo Funding Platform

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)

023: Failure is the Best Teacher

My guest today is Paul Moore, the co-founder of Wellings Capital. He is also the host of the How to Lose Money podcast. Paul explains how his conversations with founders inspired How to Lose Money and how failures are the best teachers. We discuss how Paul got into real estate and why he prefers multi-family and self-storage deals.

Paul is the author of a book on the subject of multi-family real estate called The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing. He shares his opinions on that particular space and why it has been difficult to find deals.

Also, Paul is a passionate advocate for stopping human trafficking. He speaks about his work with the organization, Exodus Cry and how my listeners can get involved in the cause. Paul has a classic rags to riches story that will both inspire and educate you.

MINUTE MARKERS

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

00:22 — Welcome Paul Moore to the podcast.

00:47 — How to Lose Money podcast.

01:05 — The conversations that inspired How to Lose Money.

02:17 — Your pain is your power.

02:54 — Paul’s background.

04:13 — How Paul got into real estate.

06:33 — Paul’s rags to riches story.

08:38 — How “giving your way of debt” helped Paul get out of debt in 13 months.

11:37 — Paul’s involvement with Exodus Cry.

16:24 — The reasons multi-family deals are hard right now.

17:33 — The opportunities in self-storage.

19:00 — How to find self-storage and multi-family deals.

21:01 — What is Welling Capital and who do they serve?

22:39 — Paul’s book recommendation.

23:43 — Why Paul does what he does.

24:38 — Paul’s recommended episodes of How to Lose Money.

27:17 — Paul’s contact information.

27:50 — Thanks to Paul Moore for joining the show.

28:13 — Outro to the Big Mike Fund Podcast.

Resources:

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

How to Lose Money

Welling Capital

Big Mike Fund

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

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)

Exodus Cry

022: A Networking Community for Medical Professionals

Dr. Forrest Bryant joins me today to discuss his role as CEO of High Speed Alliance a networking community for medical professionals that offers consulting, life coaching, and investment advice for their clients.

Dr. Bryant gives me insight into what they offer to their clients and what makes High Speed Alliance different from other firms. He also gives his opinion of what he thinks the market will look like in the big picture. We discuss traditional and alternative funds and why alternative options are recession resistant investments. Dr. Bryant is a very observant investor and has wonderful insight into the current market.

He also hosts a podcast called the High Speed Podcast and can be contacted through the High Speed Alliance website.

MINUTE MARKERS

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

00:22 — Welcome Dr. Forrest Bryant to the podcast.

01:43 — What is High Speed Alliance?

05:00 — How Dr. Bryant and his team onboard new clients.

06:45 — What makes High Speed Alliance different from other consultants?

09:40 — What family offices look for in an investment.

11:25 — Traditional vs. Alternative investments.

13:39 — The micro-economic picture.

14:41 — Dr. Bryant’s disclaimer.

17:09 — The historical pattern of Dr. Bryant’s observations.

20:45 — A recap of Dr. Bryant’s answer.

22:10 — The importance of having access to capital.

22:36 — Why Dr. Bryant is currently a value-add investor.

23:20 — My reaction to Dr. Bryant’s observations.

24:03 — What can investors do now?

27:43 — Is selling assets a good idea?

29:06 — What makes self-storage a recession resistant-investment.

31:30 — Other recession resistant investments to consider.

32:42 — My opinion on selling assets.

33:20 — Dr. Bryant’s contact information.

34:00 — Dr. Bryant’s final thoughts.

35:39 — Thank you, Dr. Forrest Bryant, for joining us.

36:05 — Outro to the Big Mike Fund Podcast.

RESOURCES

Dr. Bryant on LinkedIn

High Speed Alliance on Facebook

High Speed Podcast

High Speed Alliance

021: Action Plus Action Equals Massive Action

Mike Fitzgerald shares his story of wild success in real estate investing with me. Mike is my business partner in The Dream Fund project (there will be more on that some other time.) He tells me about the early years of his real estate career. We also talk about his successes and his missteps. Not every deal is a home run and Mike has a lemons to lemonade story that will encourage and inspire you.

Mike is also one of the main champions of re-gentrifying the downtown Hagerstown, MD area. He and his company were recognized by the city and Congress for their efforts. He explains how he took a run-down, vice-ridden property, and created a draw for the downtown community. It is impressive and proof that with a little commitment, big things are possible.

MINUTE MARKERS

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

00:22 — Welcome Mike Fitzgerald to the show!

00:45 — Mike’s military service.

01:45 — How Mike got into real estate.

03:55 — His first deal.

05:16 — How Mike’s career has evolved.

06:50 — The lessons he took from the early 2000s recession.

07:42 — How Mike stumbled into farm life.

09:10 — How he turned the farm into an Airbnb and how it serves the local community.

10:38 — A funny story revolving around a deal, and how it was connected to all the other deals.

13:14 — Action + Action = Massive Action.

14:20 — Mike’s best deal ever.

15:00 — The importance of building relationships.

16:13 — How Mike got his best deal.

16:53 — Other projects and deals Mike is an investor.

17:12 — Mike’s background and main motivators.

19:26 — How Mike received his high recognition with the city.

26:07 — The lessons from Mike’s story.

27:27 — Mike’s new goals.

29:26 — The beginnings of The Dream Fund (briefly.)

31:00 — Where to find Mike on Instagram.

31:22 — More contact information for Mike.

32:05 — Mike’s final thoughts for the audience.

32:45 — Thanks to Mike for joining us.

32:59 — Outro to the Big Mike Fund Podcast.

RESOURCES

Mike Fitzgerald on Instagram

Mike’s website

Gideon Properties

020: Trends, Strategies, and Opportunities

Today’s episode is a solo one. I have put together a presentation to discuss the current real estate market trends, strategies, and opportunities for 2018. I will be posting my slideshow for this episode later on, so stay tuned for that.

I cover some basic terms and popular strategies that every investor should know. If this is your introduction to Tempo Fund Management, my name is Mike Zlotnick. I am the host of the Big Mike Fund Podcast and I am the fund manager at Tempo Fund Management. I will go into more detail about our business and our investment philosophy during my presentation.  So, if you are thinking about exploring the real estate market this year, this episode is a great primer.

MINUTE MARKERS:

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

00:22 — Today’s topic: 2018 Investment Opportunities.

01:08 — A disclaimer for my listeners.

02:00 — Who is Tempo Fund Management?

02:34 — Our areas of expertise and what we do for our clients.

02:28 — The difference between investing and speculating.

04:18 — The 2 components of a total return.

06:01 — The 2 elements of a return on investment.

06:46 — The 2 types of appreciation.

07:22 — The 3rd element, depreciation.

08:03 — Types of investment strategies.

09:14 — What are Growth and Income investments?

09:34 — The current market outlook.

10:23 — Types of asset classes.

11:10 — Asset Classes: Cap rates.

12:26 — Asset Classes: Interest rates.

14:00 — Why Amazon is “eating everybody’s lunch.”

15:04 — The opportunities in the current housing market.

15:56 — “The trend is your friend.”

16:30 — Why the high-end housing market is slowing down.

17:35 — Current opportunity: Multi-family renewable mortgages.

18:21 — Why turn-key deals are disappearing.

19:07 — The rise of the momentum deal.

20:35 — The benefit of having 2 exit strategies.

20:59 — Why Value Add is a good investment avenue.

21:19 — The types of value-add investments.

24:02 — Why you should consider investing in self-storage.

26:58 — What are constraint plays?

28:21 — Current opportunity: Service centers.

30:34 — The pros of a constraint play.

32:52 — How to understand, manage, and mitigate risk.

33:29 — How to cope with interest rate increases.

35:18 — What to do when the asset price drops.

36:29 — The recession-resistant sectors.

37:08 — The best advice I have received.

38:30 — Individual deals vs. Funds

39:24 — Individual deals vs. Funds: Liquidity.

40:44 — Individual deals vs. Funds: Personal Guarantees.

41:32 — Individual deals vs. Funds: Liability risks.

43:30 — Individual deals vs. Funds: Capital needs.

44:40 — Tempo Fund Managements current financial outlook.

46:55 — How to reach me.

47:26 — My book: How to Choose a Smart Real Estate Investment Fund.

48:15 — Thank you for joining me for today’s podcast.

48:30 — Outro to the Big Mike Fund Podcast.

RESOURCES

How to Choose a Smart Real Estate Investment Fund

Big Mike Fund Podcast

Tempo Fund Management

My email

019: Investment Strategies and Market Trends in Australia

I welcome Salena Kulkarni to today’s podcast. Salena is a former accountant who pivoted into real estate. She is a certified property advisor who founded the Phoenix Wealth Group. Salena discusses her experience with the Australian real estate market and compares it to the U.S. market.

We also discuss investment strategies and the current market trends Australian investors are following right now. Australia is a conservative market, so Salena’s insight falls into the “get rich slow” mentality.

It is always interesting to hear about global markets and Salena has some great advice to offer.

MINUTE MARKERS

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

00:22 — Welcome Salena Kulkarni!

01:27 — The differences between the Australian and the U.S. markets.

03:27 — How Salena got into real estate.

05:18 — There is an investment strategy for every season.

08:35 — Why Australia considers America a high-risk market.

13:34 — The current investment trends Australians should consider.

18:06 — How do you harness your asset base into cash flow?

21:09 — The lack of commercial real estate opportunities in Australia.

23:48 — Salena’s book recommendation.

24:54 — Salena’s contact information.

25:43 — Thank you, Salena Kulkarni, for joining us!

25:51 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Salena’s Facebook

Phoenix Wealth Group

Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Tim Ferriss