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Mike Kaeding has a big mission "to solve America's housing shortage by transforming the way apartments are built and managed. And in doing so, I will improve the way we all live." Having taken over the family business after his dad unexpectedly passed away, Mike didn't know how things "were supposed to be done." He used his ignorance as an asset. He asked questions. He looked at things from a fresh perspective. In doing so, he's been able to build Norhart into a company that does things differently than most.
Norhart is able to build apartment building for 20-30% less than other developers. They are extremely passionate about hiring the best people they can, which led them to hire 14 recruiters to go out and find the best! How about flying in construction employees from across the US to work on their development projects? How about offering them unlimited time off? They are building an attractive culture unique to the construction industry...
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Benjamin Franklin famously said back in 1789 "Nothing is certain but death and taxes." Jodi Nielsen would quickly chime in "I can help defer one of them." Jodi is a Sr. Account Executive for Cost Segregation Services Inc (CSSI) which has performed over 40,000 Cost Segregation studies. The goal of having a cost segregation study on your investment property is to help accelerate up to 40% of a building's depreciation so that you can use your money now to help make more money. For every 500k on a building, they find that they are able to provide a tax savings benefit in the range of 40-80k (note: this is an estimate only. Your situation may be different).
After getting her degree in Nuclear Medicine and working as a Administrator of a Medical Clinic, co-owning a shipping and packing company, and serving as a consultant, Jodi found her home working for CSSI. She is extremely passionate about helping real estate investors free up capital that they can...
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For many, fixing and flipping is the way into real estate investing which is the same for Jeremy Dyer. After becoming rookie of the year working with ADP and having a lot of success in his sales job, Jeremy was looking for a way to take advantage of all of the amazing benefits being a real estate investor can bring. He did fix and flips for 3 years and became exhausted over all of the work and stress of having, what felt like, a second job. He then found the benefits of becoming a passive investor into larger deals through syndication and was hooked. He could experience the rewards of investing in real estate without all of the day to day work. This has allowed him to be a passive investor in 24 deals with over 4,000 doors and over $400 Million in assets. This consists of investing in 8 states in 4 different asset classes with 6 sponsors.
Today, Jeremy has taken that experience as a passive investor and great relationships with many highly...
Are you eager to build and expand your real estate portfolio? It's crucial to collaborate with a realtor who understands the intricacies of working with investors. Let's explore the key factors you need to consider when searching for an investment-friendly realtor. By paying attention to these aspects, you can increase your chances of finding a realtor who is well-suited to your investment goals.
Take a close look at the realtor's past sales, specifically focusing on their experience with investors. Find out which properties they have sold that align with your investment criteria. By understanding their track record, you can gauge their expertise and ensure they comprehend the unique needs of investors like yourself.
Here are a few key points to consider:
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What does a Designated Managing Broker (DMB) do and what does a day look like for them? Meet Holly Brink, the Designate Managing Broker for eXp Realty in the state of Iowa. When she took on the role back in 2019, she oversaw 69 agents. Fast forward to today, and they now have 330 agents, almost 5X growth in 4 years. Born and raised in Arizona, Holly has been in real estate for over 15 years, focusing on residential sales since 2011. After starting in Arizona, Holly moved to Iowa in 2016 and quickly became a successful agent in the state prior to taking the DMB role in 2019. When she's not doing real estate, Holly is busy creating content for her social media accounts or spending quality time with her two children.
In this episode hosted by Mike Swenson, we discussed:
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If you want to feel inspired and motivated to take the next steps in your business, spend some time with Margaret "Mo" Smith! Prior to her time in the real estate industry, Mo worked at the Seattle Art Museum and was an Assistant Volleyball Coach for Northwest University and obtained her Masters in Social Work Degree. She then became the Director of Operations for Pickett Street Properties in Bothell, WA before launching her own company called I Love It When, which does coaching, retreats, workshops, and so much more. In addition, she utilized the FHA 203k loan to help purchase and renovate 2 duplexes, making over 95k on her first property. Mo shares her journey of discovery in launching her own business and inspiring and empowering leaders to be exactly who you are!
In this episode hosted by Mike Swenson, we discussed:
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Jake Dixon is unapologetically passionate about helping real estate agents that currently close fewer than 24 homes per year, which according to the National Association of Realtors makes up 90% of the population. He is the founder and CEO of The Locker Room Real Estate Coaching & Training organization that partners with broker-owners and their agents to increase growth, retention, productivity and profitability, which has been around since 2016. Jake was selected as one of the Top 50 Real Estate Coaches in 2021 by Agent Fire and was named a Top Real Estate Coach for 2022 by Coach Foundation. Prior to founding The Locker Room, Jake graduated from the University of North Florida and played college and professional baseball. Jake discussed how agents can be successful in this market and how he started and grew his coaching and training organization to be one that is well respected in the industry.
In this episode hosted by Mike Swenson, we...
How do you know if you have a good investment deal? Knowing your numbers is a great place to start! Don't let uncertainty of not knowing how to analyze a real estate investment deal keep you from getting started on your investment journey.
When I work with clients, I often tell them, "I'm incentivized to do a good job for you to pick a great property, because if you're going to make money on this property, it's going to help you to buy more." However, analysis paralysis is real, so we have to find a way to quickly and efficiently look at a deal and decide if it's worth spending more time, or moving onto the next deal.
Too many times investors are sitting back and waiting for the "homerun" deal. The deal of a lifetime. Yet if you're looking to build a portfolio of many properties, you need to have some singles, doubles, and triples in your portfolio too! Waiting to only move on that homerun is going to set you back from getting started, learning...
"I don't have a lot of cash on hand, so therefore, I don't think that I can invest in real estate." We hear that objection all of the time when talking with people about investing in real estate. Stop for a minute....pause...and allow your mind to expand and think bigger.
You deserve so much more in your life, and if you let this phrase stop you from unlocking future wealth and freedom, you're limiting your potential.
Top real estate investors aren't any smarter than where you are at today. They've simply taken time to take the puzzle pieces and begin putting the puzzle together.
Funding and financing is a big part of the process, but you may find out you have more options at your disposal to start than you think. Here are a few sources to consider to begin putting your resources together:
Cash On Hand
The reality is that very few deals actually come down to cash on hand that you have sitting in a bank ready to go, but it's obviously one of the options on the table....
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Growing up and struggling financially, Ralph DiBugnara knew that he wanted more for himself. Today he is president of Home Qualified, a digital resource for buyers and sellers, and Vice President of Cardinal Financial. In total, Ralph has helped fund over $40 Billion of real estate loans and manages a real estate portfolio of over $20 Million. He started a series called The Real Estate Disruptors. His program focuses on creating an elite network of industry leaders to help brokers succeed in the social media-driven economy. He also launched a mentoring program for inner-city young adults called "The Generation Disruptor Scholarship Program" to educate students on how to get into the real estate industry, break generational curses, and cultivate leaders in their communities.
In this episode hosted by Mike Swenson, we discussed:
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