Thu, 27 November 2014
William Skelley is the founder of iFunding, an online investment firm that allows accredited investors to make great investments in real estate on the web. He appears on the AIPIS show today to talk to Jason about what it means exactly to be an iFunding member and how Jason's listeners can benefit from the website as well.
4:20 – iFunding's minimum investment per project is $5,000.
7:00 – William says over 60% of real estate private equity money goes into new development.
13:20 – William gives his insight on the future of crowd funding and where he sees it going.
15:45 – William does background checks on all of the people his company gets involved with to prevent fraud and scams from happening.
18:33 – William breaks down the kind of fees a potential investor might face when working with iFunding.
22:00 – Jason asks why William's company has a .co domain name and not a .com one.
Mentioned In This Episode:
Direct download: AIPIS_63_William_Skelley_Crowdfunding_iFunding_Sohin_Shah.mp3
Category:Educational Podcast -- posted at: 8:22pm EDT
Thu, 20 November 2014
Joe Fairless's raised close to $1.5 million dollars in investor money on his first big real estate deal. He credits his success to hiring professional and experienced consultants and having a great team. On the show he shares some really good advice on how you can follow in the same footsteps. Joe Fairless has a fantastic podcast called Best Real Estate Investing Advice Ever and is certainly no rookie about this subject.
7:15 – When Joe found out he had to raise $1.3 million, he had to take a big mental leap.
10:00 – Joe talks about how you can be smart with paying off your loans by arranging a master lease.
13:25 – Joe wrote down a list of all the networks he was associated with and then he contacted the members in these groups and asked if they wanted to invest.
19:45 – Joe had to pitch half of his investors differently because they've never invested in real estate before.
23:15 – Developing the seller's trust comes with your credibility and the seller knew Joe's consultant very well and therefore trusted them on this deal.
28:45 – Joe explains there are three factors you need to learn in order to be successful at real estate - creativity, leverage, and relationships.
Mentioned In This Episode:
Thu, 13 November 2014
In today’s AIPIS Show, Jason Hartman talks to Mark Mascia of Mascia Development about different market sectors and their impact on real estate investment. They also consider how topics of technology (the self-driving car) and demography (changing generational attitudes) can affect real estate trends and patterns.
02.27 – Mascia Development works on the idea of deciding which markets you want to be involved with and then assessing deals based on if they fit those markets.
05.03 – The rents and situations may be different, but in terms of retail, the tenants are often the same nationwide.
10.02 – Whatever you main purpose of the building is, you need to ensure there’s traffic going past it to keep visibility high.
11.10 – The self-driving car is going to have an impact on so many aspects of our lives. We have to take this seriously because the technology itself will catch up.
13.00 – Rents are likely to continue to rise, and that’s partly because we’re no longer in a generation where everyone buys a house and it’s the biggest and best investment you’ll ever make.
16.20 – The Top Ten is formed from the analysis of each of the markets on a range of different criteria, varying from education of the workforce to looking at the average cap rate.
18.23 – For more information, head to www.MasciaDev.com
Direct download: AIPIS_61_Mark_Mascia_Mark20Mascia_Top_10_RE_Markets_Mascia_Development.mp3
Category:Educational Podcast -- posted at: 5:06pm EDT
Thu, 6 November 2014
Jeff DeGraff joins the show today with Jason Hartman. DeGraff is a professor for the University of Michigan’s Ross Business school and has worked extensively in teaching innovation. Today, he joins the show to talk a little bit about his new book called, “Making Stone Soup: How to Jumpstart Innovation Teams” and how it can help you succeed in your business venture.
1:25 – Companies are struggling with innovation on a team level and Jeff DeGraff’s new book, Making Stone Soup, talks about some of these challenges and how they can overcome it.
4:25 – When you look at the history of innovation, most of these come from conflicting ideas or completely new hybrid ideas to try and make something better.
7:05 – Forget the 80/20 rule. Innovation uses the 20/80 rule.
11:40 – When you look at the patent timeline, it is more incremental than ever before. Jason asks, “Is it because everything has already been invented?”
14:30 – Remember, you’re catering to a completely new generation. Millennials experience the world in a completely different way now.
20:30 – DeGraff breaks down the four important elements that make innovation happen.
23:35 – Failure is not a problem. Failure is good and we can learn from it.
26:15 – You cannot start something new unless you give up something you’re currently doing. We simply can’t do it all at once.
27:45 – As you are trying to build or invent something for the first time, remember that you need multiple versions of it before you can truly succeed.
Mentioned In This Episode:
Jeff DeGraff’s boosk – Innovation You, Four Steps to Becoming New and Improved, Leading Innovation, and Making Stone Soup: How to Jumpstart Innovation Teams.
Good to Great by James C. Collins