Thu, 28 April 2016
Craig Ballantyne has been the Editor of Early to Rise since
2011. He’s also a Strength & Conditioning coach in Toronto,
author of Turbulence Training, a contributing author to Men’s
Health magazine, and a member of the Training Advisory Board for
Maximum Fitness and Oxygen magazines.
Tue, 26 April 2016
Richard C. Wilson is CEO of The Miami Family Office, a $500M AUM
single family office. Richard is also the founder of Wilson Holding
Company which employs over 30 professionals and produces over $10M
a year in revenue through various operating businesses which
include Billionaire Family Office and The Family Club, the largest
membership-based family office association (FamilyOffices.com),
along with holdings in the training, single family office
management (SingleFamilyOffices.com), investment conference,
search, data research, physical bullion, private equity
(PrivatEquity.com), food, and energy industries.
Sat, 23 April 2016
Reed Goossens is a real estate entrepreneur and founder of RSN Property Group. As a native Australian, Reed moved to the U.S to pursue his career. A qualified structural engineer and project manager, Reed has been involved with large-scale commercial construction and real estate development projects worth over $500 million since 2007; in Australia, the United Kingdom, and the U.S., including the London 2012 Olympic Games. After gaining valuable experience working in the engineering and construction industry, Reed decided to pursue his passion for real estate development and investing by starting RSN Property Group.
Thu, 14 April 2016
Jared Lichtin is a real estate investor and podcaster who previously worked as a lawyer for the oil and gas industry in Appalachia, near his home in Northwest Ohio. He realized the uncertainty of his work in titling and deeding properties for the volatile industry and decided to start flipping houses. His first few projects proved profitable so he has continued to buy and flip and then he podcasts about it. He shares insider information about what to watch out for when investing in the oil and gas industry.
[2:37] Jared graduated law school, worked for a law firm for oil & gas industry and then started flipping houses after he noticed problems in the oil & gas market.
[7:14] How can you title, deed and will your oil & gas investments to others?
[13:30] Oil & gas investments are risky because there is nothing preventing the political landscape or environmental laws from changing.
[18:51] The exploration and production side of oil & gas companies is a seismic process which is technologically advanced and extremely volatile.
[24:21] It’s practically impossible to go wrong investing in real estate, if you do your homework.
[28:03] Summary and contact information for Jared.
Mentioned in This Episode:
Tue, 12 April 2016
Why invest in Orlando, Florida? There are many reasons to invest in this judicial foreclosure state, including the influx of investments by major medical companies and large corporations like Lockheed Martin. There are also business basics to the State of Florida that make it a good place to invest. It offers asset protection, has no income tax for its residents, and is pro-business and pro-landlord. This hybrid market is ripe and once the real estate market corrects itself, investment properties will appreciate to their proper values.
[2:24] It’s possible to buy real estate at a low price and become cash flow positive in the Orlando market.
[6:50] Differences in price discovery, market clearing, and the foreclosure process can be attributed to judicial foreclosure states vs. non-judicial foreclosure states.
[11:21] Las Vegas may be a massively over speculated market. Its economy needs time to grow naturally.
[12:50] The state of Florida is a well-rounded city, which creates an environment for job growth. It’s time for the cyclical market to correct itself.
[19:36] The ease of enforcing contracts in Florida makes for a landlord-friendly environment.
[22:36] Our management team employs the idea of leverage and was built for investors by investors.
[23:53] A good management company works well with tenants while protecting their legal rights during an eviction.
Mentioned in This Episode:
Thu, 7 April 2016
Brian, the local market specialist in Jacksonville, Florida shares encouraging data about the city’s job market, pro-business and pro-landlord stance. He also speaks to how the city meets his 5 fundamentals of investing which are jobs, population growth, affordability, desirability and a healthy supply and demand. The State of Florida offers asset protection and has no income tax for its residents.
[2:11] Brian has 17 years of experience buying distressed housing and providing turnkey investments.
[5:06] Why invest in Jacksonville? Consider these facts, figures and the 5 fundamentals.
[9:02] Jacksonville has received high rankings from the Business Journal, and Forbes has ranked Jacksonville #3 in the U.S. for employment.
[12:19] Every 8-10 years, real estate markets in the US go through the boom, slump, and recovery cycle.
[15:20] The humble single family home is a great device for mitigating risk, this is an example of a typical deal.
[18:07] The City of Jacksonville has a pro-business and pro-landlord environment.
[20:11] The process of rehabbing involves a full renovation before the property is rented out.
[24:50] Jacksonville is currently a buyer’s market. Your investment must have a minimum of 3-5 years before planning your exit strategy.
Tue, 5 April 2016
If you are using your buy and hold properties as short term rentals, through a company like Airbnb, you may be required to pay an additional 15.3% self-employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time, which rarely gets accounted for when calculating costs. Considering all the aspects of short term rentals versus long-term buy and hold properties will shield you from future surprises.
[2:34] Airbnb investors are running an active business, so the IRS imposes a 15.3% tax on the income.
[6:38] Maintenance on Airbnb properties are more time and labor intensive than a buy and hold property.
[13:18] Should Airbnb owners file a Schedule E or Schedule C at tax time?
[17:08] Are you able to depreciate the furnishings in an Airbnb rental and what is the De Minimis Safe Harbor?
[23:31] How many units do you need to qualify for the 500 material participation hours?
[27:11] Using segmented depreciation can help to depreciate your assets at a quicker rate.
[30:16] Cost segregation feasibility studies can run anywhere from $5,000 to $20,000.
[32:21] A home office is beneficial as it opens the door to many tax deductions.
Mentioned in This Episode:
Fri, 1 April 2016
Technological changes may give real estate investors better tools to access previously unavailable markets, but no level of technology will ever replace a human’s need for shelter. As long as investors keep their eyes looking forward to the future and stay on top of the increasing number of research tools available, they will successfully build a diverse, long-term wealth strategy based upon single family home investment properties.
Jason and the Real Estate Guys take a break from their real estate conference speaking engagements, to discuss predictions for the future of the real estate investment market, the influx of tenants looking for rentals and how technology is changing investors’ ability to see beyond their own backyard and experience the benefit of geo-arbitration.
[2:25] No matter what the statistics say, real estate investors have more tenants than ever before.
[5:13] There will always be a need for single-family housing.
[7:02] The labor participation rate is the lowest it’s been over the last four decades but you can’t keep the U.S.A. down for long.
[9:41] Real estate investors sometimes miss megatrends but they need to change with the market.
[12:18] How will technology change the way houses are built?
[15:00] Real estate is becoming a mature, less fragmented industry and when big money comes in, it will push prices up.
[18:44] Sophisticated investors use tools so they don’t get stuck investing in their backyard.
[21:23] Owning single family homes in 3-5 markets is a good diversification strategy
Mentioned in This Episode:
Direct download: AIPIS_133_The_Real_Estate_Guys_Robert_Helms_and_Russ_Gray.mp3
Category:general -- posted at: 12:24am EDT