009: New York’s Real Estate Market

Welcome back to the Big Mike Fund Podcast! My guest today is Eric Goodman. Eric and his father run Goodman Capital, a real estate investment firm that focuses on commercial real estate. Goodman Capital brokers closed fund deals and specialize in foreclosure sales.

Today, Eric tells me about his company’s fund structure and gives me some examples of sales that worked out for the best. We discuss the state of New York’s real estate market and how the pending tax reforms will affect the market.

MINUTE MARKERS

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

00:27 — Welcome Eric Goodman to the podcast.

00:47 — Eric’s background in real estate.

01:30 —  About Goodman Capital and commercial real estate.

03:00 — The types of deals Eric and his team look for.

04:46 — The difference between closed funds and open funds.

06:23 — What is a waterfall and how does Goodman Capital use the structure?

08:33 — The equity deals Eric and his team have seen in this market.

10:05 — The breakdown of Eric’s company’s capital.

12:49 — The difference between forced appreciation and natural appreciation.

13:22 — Examples of opportunities Eric has seen within the New York market.

16:13 — Where Goodman Capital gets its referrals.

17:16 — Eric’s predictions for New York’s real estate market.

19:45 — My opinion about the incoming tax reform and what that will mean for New York’s market.

23:30 — The top indicators of a market change.

25:25 — Thank you to Eric for joining the podcast.

25:45 — Eric’s contact information.

26:20 — Outro to the Big Mike Fund Podcast.

RESOURCES

Goodman Capital

(516) 247-6012

Big Mike Fund

008: The Value of Small Balance Real Estate Deals

My guest today is Darris Cassidy, the principal of Fairway America and the president of Fairway America Capital Markets Group. Fairway is an investment consulting firm that specializes in Small Balance Real Estate (SBRE) deals. Darris and his team help investors find the right investments for their money. The team also assists with capital raising as well as the administrative aspect of the deal.

On today’s episode, I thank Darris for Fairway’s service to me and my company and we explore the value Fairway America gives all their clients. We discuss the difference between an SBRE and a Real Estate Investment Trust (REIT), taking time to point out that one can significantly benefit the other in the long run. There is a lot of opportunity for investors with SBRE funds and Darris will help my audience see the tremendous value of one of these deals.

MINUTE MARKERS

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

00:23 — Welcome Darris Cassidy to the podcast.

02:17 — What are Small Balance Real Estate funds?

03:43 — What Fairway America does for their clients.

04:49 — Mike’s praise of Fairway America and the service they provide.

05:30 — Darris’s role as compliance representative for Fairway America.

06:19 — Mike’s experience with Darris and his team.

08:14 — How Darris and his team help clients raise capital.

08:45 — The difference between a SBRE and a REIT.

10:08 — The various types of SBRE funds.

10:40 — The benefits of SBRE funds.

14:07 — Why smaller deals are more flexible.

14:55 — How SBREs create value for REITs.

18:15 — Forced appreciation is a strong catalyst for growth.

19:40 — How  Fairway finds good deals for their clients.

21:26 — A deal Mike took because of Darris’s team involvement.

22:38 — Is fund administration different for smaller funds?

24:29 — Things that slow down an accountant’s work and make SBRE a slower process.

26:01 — Why REITs are a faster process.

26:54 — Observations on the deal compression market.

29:49 — Observations on equity deals.

32:02 — Darris’s opinion on investors’ expectations.

33:51 — Mike’s obligatory cryptocurrency mention.

35:10 — How to contact Darris and his team.

36:00 — Thank you Darris Cassidy for joining us today.

36:17 — Outro to the Big Mike Fund Podcast.

RESOURCES

Fairway America

SBREfunds.com

Redwood REA

Fiducia Labs

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 Zlotnick and Cory Boatright

007: Why Chicago is a Great Real Estate Market

My guest today is Saul Zenkevicius (Saul Z. to those of us in the business.) Saul is a Chicago based realtor who has a one-stop shop for home ownership. His company Chicagoland Home Buyer handles appraising, mortgages, house flipping, and real estate brokering.

Saul and I discuss how he manages to run such a massive company and keep it all straight. We also explore the Chicago area real estate market. Saul shares some of the trends he is noticing in his city and the optimism that is emerging in the market. Chicago has a bright future!

MINUTE MARKERS

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

00:22 — Welcome Saul Z. to the podcast!

00:35 — The current weather in Chicago.

00:54 — What Chicagoland Home Buyer does for their clients.

02:35 — The importance of being diversified in today’s market.

02:58 — How Saul and his team keep track of all their services.

04:50 — The popular property options in Chicago.

07:10 — The current real estate trends in the Chicago area.

09:54 — What the new tax changes will mean for real estate trends.

10:33 — The declining population of Illinois and how it is affecting the market.

11:55 — Why Chicago is a great market for real estate.

13:11 — The possible market trend Saul is noticing in the Chicago’s Southside.

17:39 — How re-gentrification as helped New York’s rougher neighborhoods.

18:11 — Saul’s long-term investments.

19:30 — The market boom of industrial storage facilities and the reasons behind it.

23:00 — How to contact Saul and Chicagoland Home Buyer.

23:55 — Saul’s book recommendation.

25:11 — Outro to the Big Mike Fund Podcast.

RESOURCES

Chicagoland Home Buyer

saul@chihomebuyer.com

Big Mike Fund

006: Real Estate Trends in the Carolinas

My guests today are co-managers at a hard money lending company called Carolina Hard Money. Wendy Sweet and Bill Fairman have 50 years real estate development experience between the two of them. They specialize in multi-unit homes and Airbnb properties.

They discuss the exciting market developing over in the Carolinas (North and South) with me and the trends they have noticed. We also discuss the general trend of re-gentrification nationwide and the great opportunities it has created.

Plus, if you are interested in getting into the Airbnb model, Wendy has some awesome advice for you!

MINUTE MARKERS

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

00:23 — Welcome Wendy Sweet and Bill Fairman.

02:00 — The exciting real estate trends happening in the Carolinas and how Wendy and Bill are riding the wave.

05:11 — The nationwide trend of reviving “the downtown” areas.

05:50 — The preference for multi-unit homes in Charlotte, NC.

07:56 — Why Charleston, SC is resisting the multi-unit trend.

08:35 — My observations of re-gentrification in New York.

09:35 — How Wendy and Bill structured their fund.

15:40 — Why there is no such thing as a guarantee.

17:16 — Is the fund cumulative profit? And why the answer matters.

18:05 — Wendy’s experience with short-term rentals.

20:19 — The common misconceptions newcomers have about Airbnb.

21:44 — The appeal of short-term rentals.

23:05 — What Airbnb really involves.

23:56 — The red tape issues that come up with Airbnb.

25:45 — The key to a great Airbnb experience.

26:36 — How Wendy and Bill cope with compression in their market.

31:17 — Our book recommendations for the audience.

33:22 — Thank you to Wendy and Bill for joining me today on the podcast.

34:10 — Outro to the Big Mike Fund Podcast.

RESOURCES

Bigmikefund.com

Wendy Sweet and Bill Fairman’s Freedom Founders Page

Carolina Hard Money

The Five Dysfunctions of a Team: A Leadership Fable by Patrick Lencioni

Read Me Or Stay Broke: A Step-by-Step Guide to Restoring Your Financial Health: Guidance with (Money Management, Credit Ratings & Repair, Investing Basics, Financial Planning) by Mark Jackson II

Liberty Defined: 50 Essential Issues That Affect Our Freedom by Ron Paul

005: Freedom Founders Mastermind Group

I have Dr. David Phelps on the podcast today. Dr. Phelps is a former dentist that found financial freedom in real estate investing. He left his practice for personal reasons and soon found that others were curious about his passive income method. This prompted Dr. Phelps to start the Freedom Founders mastermind group. The mastermind is for professionals who want to make serious connections in the world of real estate investing.

Today, Dr. Phelps and I discuss the importance of surrounding yourself with the right people. Dr. Phelps’ personal story is very touching and inspirational. He explains why he began the mastermind group and how the group has taught him to be a better leader. He also gives his two cents on cryptocurrency and the upcoming tax cuts.

MINUTE MARKERS

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

00:23 — Welcome Dr. David Phelps to the podcast.

01:16 — How great the Freedom Founders mastermind group really is!

02:52 — Why Dr. Phelps’ mastermind is for professionals.

04:00 — Why people have a need to find wise people.

04:38 — How masterminds work.

05:46 — Why Dr. Phelps left his practice.

08:22 — How Dr. Phelps began in real estate.

09:12 — The beginnings of Freedom Founders.

10:22 — My glowing endorsement of Freedom Founders.

11:35 — What does it mean to be “free?”

13:14 — There is no freedom in being a “lone wolf.”

14:01 — The qualities of a great leader.

17:20 — How vetting helps a mastermind group’s reputation.

18:57 — Dr. Phelps’ views on cryptocurrency.

20:22 — The value of differing opinions.

21:08 — Invest in what you know really well.

21:50 — Why you can’t build a financial portfolio on cryptocurrency.

22:40 — Dr. Phelps’ views on the tax cuts and “The Trump Effect.”

26:24 — How to find  Freedom Founders and Dr. David Phelps.

27:30 — Who is eligible for the Freedom Founders mastermind group.

28:38 — A special thank you to Dr. David Phelps for joining the podcast.

28:49 — Outro to the Big Mike Fund Podcast.

RESOURCES

TF Management Group

Freedom Founders

Dentist Freedom Blueprint Podcast

004: Making the Most of IRAs

The Chief Business Development Officer for New Direction IRA, Clay Malcolm joins me on today’s podcast. I have been doing business with New Direction for many years and have nothing but great things to say about them.

Clay and I discuss what IRA (Individual Retirement Accounts) accounts are and how an investor can use them as an income source. We explore the process and the benefits that an IRA offers investors. Clay explains what New Direction’s role is in the IRA agreement and how his company makes the experience as painless as possible.  

MINUTE MARKERS

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

00:22 — Welcome Clay Malcolm.

00:48 — New Direction IRA’s awesome service.

01:23 — What is self-directed reinvesting?

01:33 — My personal experience with New Direction.

02:15 — What is an IRA and what are the benefits of one?

03:38 — The standard IRA account opening process.

04:24 — The benefits of having control in investment decisions.

05:47 — How loans are a great marriage with IRA accounts.

08:45 — What New Direction does for its clients.

10:12 — What is underlaid business income tax (UBIT)?

11:06 — How UBIT works in a traditional investment situation.

17:32 — My strategy for avoiding UBIT.

23:22 — The second option with my strategy.

24:06 — How my strategy benefits the business partner or “financial friend.”

27:21 — Clay’s reaction to my strategy.

30:06 — Other applications of my strategy.

31:05 — The cryptocurrency craze and does it qualify as an investment?

32:57 — The risks of cryptocurrency.

34:16 — Unusual investment choices Clay has seen in the past.

35:14 — How Bitcoin works in a real economy.

37:13 — The evitable evolution of Bitcoin.

38:11 — New Direction now offers an option for cryptocurrencies.

40:00 — A general conversation review.

41:07 — The webinar I am doing in partnership with New Direction IRA.

41:38 — How to contact Clay.

42:33 — A special thank you to Clay Malcolm and the audience.

RESOURCES

TF Management Group

New Direction IRA

New Direction IRA Contact Information

info@ndira.com

003: The Benefits of Rent-To-Own Contracts

I welcome Joe Lieber to the podcast. Joe is a Cleveland based real estate investor who specializes in rental properties. Joe is a member of my mastermind group called Collective Genius and has really made a name for himself in the industry.

We discuss the exciting economic boom happening in Cleveland right now. This revitalization is very evident all over the city, including the housing market. Joe works with both traditional rental agreements and rent-to-own arrangements. Today he lets me know about the benefits of rent-to-own contracts and why he feels he is contributing to the American Dream.

MINUTE MARKERS

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

00:23 — Welcome Joe Lieber.

01:00 — Why Cleveland has become a real estate hot spot.

04:06 — The types of properties Joe specializes in.

07:42 — Joe’s secret to building a  great portfolio.

10:37 — Real estate’s power to produce cash flow.

12:00 — Why Cleveland has seen a revitalization recently… possibly, LeBron James?

13:00 — Financing a rent-to-own home with traditional methods.

14:49 — Financing a rent-to-own home with an Owner finance. How Joe does it.

18:05 — The possibilities Joe has with these finance options.

19:03 — The upcoming interest rates increase.

19:50 — Rent-to-own is really just homeowner training.

22:46 — Joe’s typical rental agreement.

23:42 — How many tenants actually buy the home?

25:10 — The benefits of rent-to-own for landlords.

25:33 — The benefits of rent-to-own for tenants.

26:52 — Joe’s view on the current market.

27:42 — How to reach Joe.

28:33 — Thank you to Joe for joining the podcast.

29:19 — Outro to the Big Mike Fund Podcast.

RESOURCES

TF Management Group

Real Estate Quest

Joe’s Contact Information

rebroker216@gmail.com

002: How the GOP Tax Plan May Impact Investors

Mike welcomes Jason Hartman to the podcast. Jason is the host of the Creating Wealth Podcast, a marketer, and a real estate investor who specializes in income properties.

Jason and Mike discuss the ups and downs of the real estate market and the new GOP Tax Plan (previously known as the Trump Plan.) They explore what the tax reform would mean for real estate investors and the economy in general. They also exchange opinions about the fad of crypto-currency and if it will be a game changer. If you are considering getting into the real estate market, specifically rental properties, today’s episode is for you!

MINUTE MARKERS

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

00:20 — Welcome Jason Hartman.

00:54 — What Jason does in his business.

01:47 — The GOP Tax Plan and what it means for the economy.

02:20 — The type of people who invest with Jason.

02:34 — What the tax plan means for his investors.

03:47 — The home investment myth.

04:18 — Why people invest with Jason and the ideology he prescribes too.

04:58 — The rent to value ratio and Jason’s rule of thumb.

07:19 — The 4 basic benefits of real estate and income properties specifically.

09:34 — What will increased interest rates do to investment properties?

10:44 — Why landlords love high-interest rates.

12:52 — Jason’s theory, “Inflation Induced Debt Destruction.”

16:43 — The 3 dimensions of real estate.

17:33 — Why cryptocurrency isn’t going to work.

24:45 — What types of investments does Jason look for?

26:11 — The benefits of hard money lending.

27:20 — The downside of hard money lending.

28:47 — The Millennial Generation has been left out of the investment game.

32:28 — Real estate investors are benefiting from a construction boom.

33:38 — The way President Trump will help the economy.

35:43 — Why Mike and Jason believe it is a Bull market.

36:33 — Jason’s upcoming Meet the Masters conference.

36:55 — How to contact Jason.

37:17 — Thank you to Jason for joining the podcast.

37:33 — Outro to the Big Mike Fund Podcast.

RESOURCES

Creating Wealth Podcast

Jason Hartman’s website

Meet the Masters of Income Property 2018

TF Management Group

001: Fund Investment with Tempo Funding

Mike Zlotnik and Cory Boatright launch the first episode of the Big Mike Fund Podcast! Mike is part of the investing team Tempo Funding Management. Cory is a real estate expert, entrepreneur, and business coach. Mike is excited to tell Cory about Tempo Funding Management and the investment services his team offers. They also plug a book they have co-written called Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing In a Real Estate Fund.

Mike discusses how a fund investment with Tempo Funding works. As well as who should consider investing in funds as opposed to individual investment opportunities. Tune in to hear about this unique investment option.

MINUTE MARKERS

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

00:29 — Welcome Cory Boatright.

01:12 — Introduction to the book and what readers can expect from it.

03:06 — Are funds a safe investment?

03:51 — Why US bonds are the most secure investment.

04:21 — Safe investments don’t exist.

04:34 — Where the real “safety” is in fund investments.

05:32 — The typical ROI (return on investment) of a fund.

07:00 — The role forced appreciation plays in the value of an investment.

09.50 — The types of services and investments Tempo Funding offers.

11:05 — The types of investors that are drawn to funds.

11:30 — What IRR (Internal Rate of Return) means.

12:09 — The structure of a Temp Funding fund strategy.

12:40 — The expectations an investor can expect from a fund.

16:40 — The 3 sources of liquidity Tempo Funding uses.

22:05 — Tempo Funding’s communication process with investors.

26:50 — What fees an investor can expect when investing in Tempo Funding Management.

28:41 — Why you need to know your investment team and the level of their integrity.

29:55 — Cory’s glowing endorsement of Mike and Tempo Funding Management.

32:22 — The typical payout schedule of a fund.

33:16 — How Tempo Funding finds its deal flow.

35:41 — What is an open-ended fund?

37:27 — Who benefits the most from an open-ended fund.

41:04 — The pros and cons of investing in a fund.

45:48 — How to contact Mike and Tempo Funding Management.

46:52 — Special thank you to Cory Boatright and the audience.

47:13 — Mike’s drive to help people.

48:44 — Outro to the Big Mike Fund Podcast.

RESOURCES

TF Management Group

Real Estate Investment Fund: How to Choose a SMART Real Estate Investing Fund: Top 10 Biggest Mistakes To Avoid Before Investing In a Real Estate Fund

Coryboatright.com

Asset Inflation Keeping People Out of the Investor Class, Stagnation, Hard Money Lending, Wage Growth with Mike Zlotnik

As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker.The Oklahoma City JHU Live event and Property Tour also includes a special panel of experts who will share their stories and answer your questions.