Accredited Income Property Investment Specialist (AIPIS)

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.

Craig is also the author of "The Perfect Day Formula: How to Own the Day and Control Your Life".

Key Takeaways:

[4:06] Controlling the morning

[6:12] The proactive morning approach

[7:38] Identifying your OCD loops

[11:06] Starting to script out your day

[12:48] Where to start in the Perfect Day Kit

[14:38] Defining Magic Time

[15:54] Why Craig believes you should really try and be a morning person

[18:33] The app that makes Jason's morning

[20:27] The 5 Pillars

[23:35] Making the afternoon productive

[25:23] Creating a Not To Do List

[24:48] The new Law of Attraction...the Law of Action Attraction

Resources Mentioned:

www.earlytorise.com
www.perfectdayformula.com
Tabata Pro App

Direct download: AIPIS_140_Craig_Ballantyne.mp3
Category:general -- posted at: 11:16pm EST

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.

Richard has spoken at over 150 conferences in 17 countries and has the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office.  Richard has his undergraduate degree from Oregon State University, his M.B.A. from University of Portland, and has studied master’s level psychology through Harvard’s ALM program while previously residing in Boston.

Key Takeaways:

[2:20] Why you should care about what people worth $20+ million are doing with their money

[4:13] Some important terminology for dealing with family offices

[6:35] Looking back at some of the original family offices and the changes that have taken place since then

[10:49] Why there's a need for family offices

[14:11] How the middle class investor can take the framework of a family office and use it to fit their situation

[16:26] A key strategy you can take from family offices of the ultra-wealthy

[19:24] What sorts of holdings the family offices have

[22:56] Why the US is the haven for the ultra-wealthy

[26:26] Family offices, surprisingly, sometimes even go after distressed markets

[27:38] How you can find a family office to partner with in your deals

Websites Mentioned:

www.familyoffices.com

Direct download: AIPIS_139_Richard_Wilson.mp3
Category:general -- posted at: 4:08pm EST

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.

Throughout recent years Reed has developed his personal portfolio of solid cashflow investment properties. He believes now is the time to enhance and utilize the power of syndication investing to purchase apartment communities across the U.S. Reed’s commitment to the development of a structured approach to researching, acquiring and managing investments provides the basis for RSN's sound operating system.

Reed and Jason discuss the US market, finding the right deals, how things get done and more.

Key Takeaways:

[3:06] The differences between US and Australian real estate

[5:47] Reed's target properties

[7:48] The markets Reed likes and where he's invested

[10:26] Looking at the costs associated with large multi-family purchases

[13:54] Reed's 4 P's

[16:49] Where you're going to actually find the deals and what kind of talk should make you leery

[20:29] Reed's first deal under contract, how he lost the deal, and how it came back

[23:59] Getting money for your first loan

Websites Mentioned:

www.rsnpropertygroup.com
Investing In The U.S. - An Aussie's Guide to U.S. Real Estate

Direct download: AIPIS_138_Reed_Goossens.mp3
Category:general -- posted at: 12:13am EST

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.

 

Key Takeaways:

[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:

Hartman Media

Flip Podcast

@JaredLichtin on Twitter

Direct download: AIPIS_137_Jared_Lichtin.mp3
Category:general -- posted at: 8:41pm EST

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.

 

Key Takeaways:

[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:

JasonHartman.com

Direct download: AIPIS_136_Orlando_Market_Profile.mp3
Category:general -- posted at: 12:24pm EST

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.

 

Key Takeaways:

[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.

 

Mentions:

Hartman Media

Direct download: AIPIS_135_Jacksonville_Market_Profile.mp3
Category:general -- posted at: 4:07pm EST

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.

 

Key Takeaways:

[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:

Jason Hartman

reviews@jasonhartman.com

Hall CPA LLC

Direct download: AIPIS_134_Brandon_Hall.mp3
Category:general -- posted at: 4:25pm EST

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.

 

Key Takeaways:

[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:

Hartman Media

Real Estate Guys

Direct download: AIPIS_133_The_Real_Estate_Guys_Robert_Helms_and_Russ_Gray.mp3
Category:general -- posted at: 12:24am EST

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