Accredited Income Property Investment Specialist (aipis)

The examples of international real estate investing in this episode will make you run out to invest in U.S. properties. All aspects of the U.S. market seem too good to be true, compared to Australia and France. Financially speaking, 30-year fixed rate mortgages, low-interest rates and loan-to-value ratios are more attractive in the U.S.   Our guest, Matt Jones became a property investor in Australia after reading a single book cover to cover. He used his day job as a mailman to investigate properties for sale, seeing as many as a thousand homes a day. Today, he invests in joint ventures that provide passive income, allowing him to live the life he wants. Through his Property Resource Shop website, he offers DIY kits to get you started on your path to financial freedom.   Key Takeaways: [2:04] Matt’s job as a “Postie” gave him access to thousands of properties a day [3:10] Starting with renovations is a good way to get your feet wet in real estate [5:51] Building relationships and having a network helped early

Owners of unimproved land are often looking to sell their properties, but may not put their parcels on the market. Jill Dewit and Steve Butala of the Land Academy have made the process of connecting buyers and sellers spreadsheet simple. They start with set parameters which are proven profit generators. They then data mine the available properties and share the opportunities through their platforms of e-books, blogs and podcasts. They even have an education program and an online community potential investors can join to get in on the action. If you are interested in investing in tenant free, vacant land visit their website for more information.     Key Takeaways: [2:29] What is the market for rural, vacant land? [3:41] A niche choice to flip land [5:04] The typical land transaction west of the Mississippi [8:06] Zoning and property and tax assessments on vacant land [11:58] Physical and legal access laws vary state by state  [13:15] Researching easements and access [13:46] The 4 A’s of purchasing vacant land

If you are looking for a way to make a profit while positively affecting people’s lives, residential assisted living homes might be right for you. Statistics show that the American population is aging in record numbers. This aging class controls 70% of the assets in America today. The private pay assisted living investment opportunity alleviates the burden of medical care, dealing with government payouts, and provides a service needed in most states. Listen in to find out more.   Key Takeaways: [2:18] What’s so great about assisted living? [3:47] Gene’s assisted living program is in a single family home and licensed by the state [6:45] Liabilities should be covered by an annual umbrella policy [8:41] None of the medical services are provided under this design [9:41] The resident's family members know the elder is taken care of [10:36] Independent living, institutional living and continuous care retirement community [11:35] Seniors control 70% of the assets in America today [12:12] Make a higher profit by runn

Julia Spencer is a real life example of an international income property investor with a diversified investment property portfolio. She discusses her gains and losses in tax liens, ‘buy and hold’ properties, and vacation rentals. She became a landlord out of necessity at a very young age; and even though she enjoys certain aspects of this line of work, she concludes that a good property management company pays for itself.   Key Takeaways: [2:23] Julia designed weapon systems software before becoming a real estate investor [3:56] Diversification is the key to Julia’s balanced portfolio [5:25] Tax lien foreclosures can be hit or miss, find an experienced person to mimic [7:45] You must be willing to take risks with tax liens [8:43] A tax lien foreclosure state or a tax deed foreclosure state: what’s the difference? [13:38] Cashflow investing or buy and hold investing? [15:37] Understanding how to secure good property management [18:54] Long-term tenants are common in Germany [20:47] A stable land value in Germa

Amir Korangy’s magazine, The Real Deal, started in his apartment. It focuses on all aspects of real estate news including the architecture, the people, the deals and the money. The last page of every edition is the closing interview. He has compiled 100 of the best interviews and based the book, The Closing - Interview’s with New York City’s Titan of Real Estate, on them. He shares his insights on the amazing entrepreneurs he has met and details how most of them came from very little to create wealth simply because they love what they do.   Key Takeaways: [1:53] The Closing Interview shows the humanity of real estate moguls [3:27] The true successors live and breathe real estate [5:40] Most real estate magnates were not handed anything, they bootstrapped their way through [7:02] David Valentes’ story stands out as an inspiration [9:55] Real Estate is a local phenomenon [11:14] Costas Kondylis designed 86 high rises in Manhattan and is the subject of Building Stories [13:05] Loving what they do is the common t

Finding an alternative to a traditional bank loan may not be as hard as you think. In addition to hard money lenders, financing companies such as Visio Financial offer short- and medium-term limits with significant interest rates. They offer no-document loans, which simply require a credit score to secure financing. The higher your score, the lower the rate.   Key Takeaways: [02:33] We started out as a captive lender [04:02] Our suite of products include short- and medium-term, plus document-free financing [06:18] We can offer loans to investors who have reached their Fannie limit  [09:34] Buy and hold financing at 12% on a 3-year balloon [11:50] Our borrowers have credit scores within the low 600s [12:54] We have multiple sources of capital [14:17] The higher your credit score the lower your interest [14:52] Bridge financing is an interest-only product option [16:00] Example of an innovative way to use our product [17:54] Go to our website and tell us what you want, and you’ll get immediate pricing [18:40] J

Wouldn’t it be nice to see an interesting property on the internet and send someone else halfway across the U.S. to take photos of it for you? What about checking up on one of your existing properties to inspect the hail damage first hand. WeGoLook has an army of 20,000 “lookers” who can send you photos, videos or answer specific questions. They are even able to visit the local municipality to perform a title search.    Key Takeaways: [1:55] How WeGoLook evolved [4:16] We offer a basic report with photos/videos to answer any questions you have [7:10] We offer an hourly rate for one-off services [9:06] We also do document research, title searches and visit municipalities for customers [11:27] We cover the U.S., the UK, Australia and Canada [13:24] WeGoLook offers these services at these rates [17:32] People can order services directly from our website [18:56] We charge travel fees and research fees for those locations which are hard to reach [22:14] We see ourselves going global in the future [23:44] We also s

Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet.  There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world.    Key Takeaways: [2:59] What exactly is Cozy and how did it start? [6:12] A landlord has access to a tenant’s credit report without the chance of identity theft [7:11] An agent can only use the screening tools or the full-service option [10:45] Can a landlord can still add an application fee to cover their time spent? [13:30] Credit reports & background checks have a fee associated with them via Cozy [15:22] Automated Clearing House (ACH) payments are free between landlord and tenants [17:57] Cozy eats the cost of transactions in exchange

You don’t have to wait to start building your real estate portfolio. Many for sale by owner properties have sellers motivated by changes in their lives and problems which you may have the answer to. You may even be able to get creative with financing terms if you solve their particular issue. Your risk may be mitigated by living in the single family home you bought, while doing the right renovations for the neighborhood. If you wait to get started creating your wealth your wealth may never be created.   Key Takeaways: [3:00] How David got started in real estate [4:27] Doing the right renovations for the right amount of money  [8:20] The risk is mitigated by living in the home for a while [9:20] Positive cash flow real estate [12:03] Allowing your real estate portfolio to give you complete financial freedom [13:41] Commandment #5 - Thou shalt not gamble when buying property [14:39] Vacant land sucks money out of your pocket [15:43] If your partner can deal with some construction dust you can start your portfol

The human behavior coach speaks with us today about what makes people tick and how to prioritize tasks in an effective manner. Research show us, chunking of information is necessary for people to properly digest large amounts of data. A logical flow is applied so the information is then thoroughly understood. Beverly dissects her SHIFT model which she created for one of her large corporate customers.   Key Takeaways: [2:24] Beverly struggled to bridge the gap between her education and her careers [4:10] Humans can only understand up to 7 pieces of information at one time [5:33] The Shift model - The 5 steps [6:29] Specify the desired outcome [10:38] Highlight and categorize the obstacles [12:03] Identify the human factor [13:53] Find the alternative [15:01] Take the disciplined action [17:21] Figure out your top 3 priorities [18:33] Not all communication comes naturally [19:30] Contact Bev [20:07] Have a clear destination and a clear plan to get there   Mentions: The Collaborative Understanding Other People

The mobile home park market may be dwindling, but it doesn’t mean it’s not possible to make money by investing in one. Many existing locations have been ignored by previous owners and with some smart updates and fixes an investor is able to raise rents to market value and start making a profit. Listen in as our guest talks speaks about basic financials as well as working with brokers to find a property.   Key Takeaways: [2:34] Jefferson is the value investing type [4:50] Mobile home park investing is a fairly undiscovered niche [6:41] How to find a good deal on mobile home parks [7:37] Working with brokers to find properties [9:17] What is the acquisition criteria to find a good property [12:25] We’d prefer to just own the land [14:14] The rent credit program is similar to rent to own [15:23] Basic financials - down payment, rent info [16:19] Mobile home park investing is the only asset class which is shrinking [19:48] Does the government still build single family affordable housing [21:10] I got into this bu

We break closing costs down into small pieces to support Jason’s #1 rule of investing, thou shalt become educated, to become your own best advisor. Understanding which costs are fixed and which are variable will help you to protect yourself and allow you to become your own best advisor. We take the confusion out of calculating the fees.   Make sure to listen to future episodes for information on how mortgages are priced.   Key Takeaways: [2:04] Thou shalt become educated to become your own best advisor [2:29] An example of a loan quote [3:31] Lenders over estimate certain charges [5:27] Requirements for good faith estimates [7:35] What are lender or origination (garbage) fees [8:43] Using an example of $142,500, figuring out the closing costs [10:21] Insurance charges for lenders and owners [11:30] Lender’s title insurance is one of the highest fees on the HUD settlement statement [11:52] Depending on your state the seller provides the clean title insurance [12:42] Transfer stamps/taxes are local municipal ch

The traditional way to sell a home is to sign a contract with a well known real estate firm and agree to give them a 6% commission of your equity. But today’s internet equipped consumers are able to cut out the middle man and sell their own homes, saving themselves big dollars. If you are concerned about never having done it before our guest, Sissy Lappin, has put everything you need in one downloadable kit.   Key Takeaways: [1:50] Innovation is rocking the real estate industry [3:06] Paying 6% on the debt and the equity [4:11] Confusing equity with appreciation [6:15] Part time, untrained and unethical agents [7:46] Sissy wrote a FSBO guide [10:21] Mass-marketing campaigns are dead [12:46] Justifying fees through intensive reports [14:47] What’s included in the base package [17:23] It’s simple to sell your own home [18:32] 2 main documents when selling a home   Mentions: Listing Door Lappin Properties Simple and Sold National Association of Realtors Zillow Creating Wealth Encyclopedia Series

Diane Gardner is a certified Tax Coach and CPA. With over 30 years of experience in both tax preparation and accounting, she has quite a few tips for Jason's audience. She is the author of The Obamacare Survival Guide and Why Didn't My CPA Tell Me That? Diane talks to Jason on how small business owners can avoid some serious tax mistakes and save on thousands of dollars.    Key Takeaways: [2:20] What isn't my CPA telling me?  [5:45] With the right company entity type, you might be able to write-off medical expenses through your business.  [7:50] CPAs often don't look at how you maximize your vehicle deductions.  [10:25] There's a difference between a tax preparation engagement versus tax planning.  [15:15] It's never too late to talk to a CPA. You can end up saving much more money than doing it yourself.  [17:45] How can businesses survive Obamacare?  [22:00] Hire subcontractors or virtual assistants to cut down the number of employees in your business.    Mentioned In This Episode:   http://www.taxcoach4you.

Eric McColgin shares his story about his interaction with Results Property Management, Quentin Kearney, the investor Izak Bencuya, and their respective attorneys. He believes Results Property Management is using HOA money to fund Bencuya's repairs and maintenance fees of his individual properties instead of the homeowners. Before Results Property Management was in charge of the HOA, the HOA had $40,000 in reserves. Now, it's between $5,000-$7,000. Today we find out what's happening with Creekside Village.   Key Takeaways: [3:00] Eric was promised a tennis court, walking trails, and pond when he bought his property.   [6:30] Four people showed up to the HOA meeting and Izak along with his attorney David Zeiler were trying to get the homeowners to give up the pool and clubhouse.  [10:40] Quentin refused to answer Eric's questions about the walking trails and other amenities over the phone.  [12:45] Zeiler was representing Izak in the proposal to take the clubhouse and pool. Quentin bought in Nick Porto to repre

Russ O'Hare has been experiencing problems with Results Property Management in Kansas City, Missouri. He is one of the home owners at Creekside Village and has a number of complaints and allegations over the way the firm has been managing the properties. He shares his story to Jason Hartman.    Key Takeaways: [3:50] Russ was first told that it was Curry Real Estate managing the properties, not Results.  [8:15] Metrowide Building invoices has the same address as Results. Are they owned by the same people?  [10:25] $2,500 was charged to the HOA for trimming trees and bushes for less than 8 hours of work.  [16:18] Russ's wife made copies of invoices when they requested to see the books.  [20:05] It seems the investor Isaac Bencuya and Results have some kind of arrangement with each other.  [25:20] The club house, pool, and one of Isaac's apartment buildings run on one electric meter and that bill goes to the HOA.  [27:15] Isaac setup a proposal for the home owners to basically give him the pool and club house. 

Jason has received a number of complaints about Quentin Kearney and Results Property Management. He interviews Bobbie O'Hare to get the inside scoop of what's really going on. Bobbie has been looking directly at the Results Property Management books and has noticed a number of vague invoices. She is also having a hard time getting direct answers from the management company, which is delaying her investigation even further.    Key Takeaways: [2:05] There are lots of clients coming to Jason with complaints about Results Property Management.  [5:00] Results Real Estate invoices were incredibly vague and non-descriptive.  [6:35] The company could not provide Jason with simple receipt copies from the vendor and did not know who the vendor was who did the work.  [15:05] Bobbie thinks the company is charging higher HOA fees and homeowners are unknowingly subsidizing the apartment fees.  [29:15] What other discrepancies did Bobbie find during her investigation?  [37:35] All of the invoices Bobbie received looked wron

Abby Shemesh of Amerinote Xchange has overseen countless of buy and sell transactions in the mortgage note business. Abby talks to Jason on why purchasing mortgage notes is the best thing next to generating yield, key mistakes to avoid, and the importance of getting a third party property appraiser.    Key Takeaways: [2:00] San Francisco’s real estate is becoming a big bubble.   [7:15] Banks are being too strict in lending money to potential investors.  [10:10] Do your due diligence when buying notes.  [14:45] Don't ever go with a recommend appraiser by the seller, burrower, or broker.  [16:40] Get an attorney and consult your accountant before you purchase a note.  [18:00] Selling notes are not for everybody. You still have other options.  [20:15] There's still no software for to accurately calculate note prices.  [22:30] Make sure the company you're dealing with has an internet presence and get them on the phone.     Mentioned In This Episode:   www.note-buyer.net

Lance Edwards is the president of First Cornerstone Group and the author of How to Make Money in Small Apartments. He talks to Jason on the ways you can find great deals, why you should always have a management company, and much more on today's show.    Key Takeaways: [1:50] Why are small apartments so great?  [6:50] Lance explains how the market cap rate for the metro area can indicate if it's going to be a good cash flow market or not.  [10:45] How do you find a good management company?  [15:20] Lance explains how you can find a good list of potential sellers.    [18:25] Lance offers three price options for sellers.  [25:30] – For Jason's listeners, Lance is giving his book away for free.    Mentioned In This Episode: http://www.irem.org/ loopnet.com corelogic.com  prospectnow.com  freeapartmentsbook.com

Daniel Miller of Fundrise talks to Jason Hartman about his real estate crowdfunding platform. He talks about how Fundrise got started, why traditional real estate developers are going through crowdfunding platforms, and much more on today's show.    Key Takeaways: 2:10 – Daniel talks about how Fundrise got started.  5:30 – Fundrise now provides funding for commercial real estate developers.  11:15 – Why do real estate developer go to Fundrise and not a bank instead?  19:08 – When Daniel first started Fundrise, there was a huge resistance among traditional real estate developers.  22:05 – Daniel believes the investment world will be experiencing the same shift the publishing world experienced.    Mentioned In This Episode: Fundrise.com