Jim Sheils: Build To Rent & Prioritizing Your Family

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Jim has done a lot with his time in real estate, literally going coast to coast. He started with his first property in California for 152k to now living in Florida having completed over 2,000 rehabs and focusing on the Build To Rent niche building Single Family Homes, Duplexes, and Quads throughout Florida through his company Southern Impression Homes. His real estate accomplishments are great, however, what he's most excited about is his company, 18 Summers, that he founded with his wife, providing family education services to entrepreneurs and professionals seeking to strengthen their family relationships while succeeding in business. He also authored "The Family Board Meeting" which is a #1 Wall Street Journal Best Seller.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Jim started to fix up houses and resell them to first-time homebuyers and then hold them as rentals
  • The ins and outs of Jim build to rent business and how their...
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Jerry Miller: Syndications, Single Family & a Journey of Investing to Financial Freedom

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Jerry Miller is a real estate investor with almost 20 years of experience doing a wide variety of strategies ranging from single-family homes, BRRRR's, rent-to-own and utilizing Section 8 through his company Largo Group. A couple of years ago he was introduced to real estate syndications as a limited partner investing in value-add projects as well as new development. Because of the success he's sustained, he's begun raising capital as a general partner. He continues to do all of this while still maintaining his full-time role as a consultant in the IT industry. Jerry loves working with IT professionals that are looking to get started investing in real estate and provide them with passive options to invest in.

 

In this episode hosted by Mike Swenson, we discussed:

  • Jim's start investing into single-family homes
  • How 5+ multifamily apartment complexes should be valued of their cash flow & income instead of based on comps for smaller...
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Staci Gray: Creating Predictable Execution From Operational Chaos

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From graduating at 16 to buying her first property at 18 to growing up in a family that works in the real estate investment and syndication space, Staci Gray has seen and experienced a lot. She understands how entrepreneurs get trapped by operational chaos and don't know how to properly grow their real estate businesses. She founded Organize To Scale to align with mission-driven leaders to develop strategic initiatives, provide operational disciplines and streamline day-to-day execution for quickly maximizing results. This allows people to build businesses they own and that don't own them. Staci shares the importance of understanding yourself and your sliks, putting the right people on the right problems, and the 3 steps she takes to help scale and grow the companies she works with on a daily basis.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Staci has been in real estate since 16 by working for her father who's an investor, and...
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Ken & Rachael Wick: From Teachers To 225+ Units

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Having worked as teachers for years, Ken and Rachael Wick first purchased a triplex and a duplex 20 years ago as a way to supplement their education salaries. Being educators, they understood the value of growing and educating themselves on their real estate investing journey, essentially getting their "2nd Master's Degrees". They have also focused on partnering with others further down the road to learn from them until they felt comfortable doing larger deals themselves. Fast forward to today, and Ken and Rachael own over 225 units in 3 states. They have also leveraged the power of cost segregation studies to bring additional cashflow into their properties through accelerated depreciation. What is equally important to their success is their desire to provide great quality housing to their tenants, their hearts to give back through their partnership with World Vision and their Doors2Donate Program, and spending time with their 6 children.

 

In...

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Jack Duffley: Investor, Attorney, Business Owner

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What makes every REL Freedom story exciting and interesting is that everyone is taking a different approach to building their income and wealth. For Jack Duffley, he's using a few different techniques and combinations on his journey to financial independence. By day, Jack is an attorney who recently opened his own practice after spending time previously working for a large law firm doing commercial real estate work. Outside of that, he's worked at a few different real estate investing projects, having done a house hack and had various rentals in Chicago, Houston, and Indianapolis. Understanding the need to diversify and grow his income, he also acquired a steam cleaning business doing $300k/yr in revenue and recently hired a manager to run most of that so that he can remain hands off. Jack is also the author of "The One Property Retirement: A Simple Strategy for Building Your Nest Egg" in addition to documenting his journey to grow his Net Worth on...

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Why Syndications Are Great Options For Investors?

Are you looking for a way to invest in real estate much more passively without all the hassle of managing a property and executing on the strategy? A real estate syndication might be the perfect investment option for you. Let's discuss what real estate syndications are and why they're a great choice for passive investors.

 

What is a Syndication?

In simple terms, a syndication is a group investment in a real estate property. It allows a group of investors to pool their money together to invest in a property (known as limited partners), while one or more real estate professionals manage the property and execute a strategy (known as general partners). Investors who join syndication get to enjoy the benefits of investing in real estate without having to be actively involved in the management of the property.

 

Types Of Syndications

Because a syndication is a selling of a security, the IRS wants to make sure that things are set-up property. Without going too...

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Conor Kelly: Plumber To Tiktok Star w/57 Closings In 1 Year

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As a plumber, Conor Kelly was making over 100k/yr, but wasn't able to live the life that he wanted. He decided to get his real estate license and committed to doing 2 Tiktoks per day for 2 years and has now turned that into 30k+ followers and 57 transactions in his first year of real estate. He now manages and coaches a team of 25 agents in the Vancouver area on how to do that same and is the host of the Big Deal Real Estate Podcast.

We discuss how being on social media has allowed Conor to let his clients get to know him and build a relationship with him before they even pick up the phone and talk to him the first time. This allows him to make great use of his time and connect with thousands of people vs cold calling people one at a time. He talks about how he's able to attract a younger audience and how he's gotten to quality on his social media posts because of the large quantity of content first.

 

In this episode hosted by Mike...

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Alison Alston: Buying The Real Estate Team You First Joined

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Growing up in a family that did fix & flips and buy & hold properties, Alison Alston saw the benefits of real estate investing at an early age and how it can open up opportunities for generational wealth. However, she didn't pursue that path right out of college and ended up becoming very successful working in the Northeast in education and donor relations. Not wanting to travel all the time for her job, Alison moved to Charlotte, NC, and decided to get her real estate license.

She found an amazing team that fit her well. In fact, after 2 years as an agent on the team, an opportunity opened up for her to purchase that team. She now owns and operates Lodestone Real Estate, which was recently named #15 in the 2023 RealTrends rankings for the largest real estate teams in the county. A big part of her business is working with investors through some large iBuyer programs she runs in her area - iAgent Offer and Shop Cash Offers. We discuss...

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Josh Lawlor: Rent Your Home For MORE Than A Short Term Rental

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NOTE: Click here to access Josh's course he discusses in this show

Having done flips, single-family rentals, multi-family rentals and short-term rentals, Josh Lawlor has experienced a lot of real estate investing opportunities. He was looking for some additional opportunities and ways to be able to complement his rentals. Josh eventually learned about an opportunity to be able to rent our your home, or rental property, for film shootings. In many cases, these are small businesses, print materials, or even larger companies like Amazon, Zillow, and Lululemon (all of which Josh has rented his properties to for film shoots).

Because of this opportunity, he's been able to rent out his home for more than $600/hr and made $50,000 in his first 6 months of doing it. Josh has now launched a training course to be able to show others how to do the same. Unlike other real estate investments, this doesn't require a down payment, underwriting, or financing...

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The 3 Key People You Need To Build Your Real Estate Investment Team

 When you're looking to build your investment portfolio, too many times we see people try to do it all themselves. They often tend to get overwhelmed by all that they don't know, and end up not taking any action. It's important to remember that you have very powerful people that can help you get closer to your goals much faster than doing it by yourself.

So just like a three legged stool, there are three key legs to your real estate investor team, and this applies whether you live in that city or not.

 

#1) An Investor-Focused Real Estate Agent

There are a lot of fantastic real estate agents out there in the residential space, and some of them have investors they work with on the side, yet if you're looking for top notch knowledge and experience to give you the best opportunity for success, it's a great idea to find somebody that works primarily with investment real estate.

In many cases (not all), the buyers agent commission gets paid out of the commission the...

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