Accredited Income Property Investment Specialist (AIPIS) (general)

Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified.

Key Takeaways:

[1:44] The simplicity of one insurance provider for properties nationwide

[2:27] We have had nationwide insurance available for 30 years

[3:24] Nuances to the nationwide real estate market make it a difficult product to offer

[4:42] The underwriting companies which serve our brokerage firm

[5:52] Nationwide programs are generally done on a blanket basis

[8:57] Deductible options from one insurance company

[11:01] Getting the quote to the investor

[13:30] Our company is approved by major financiers

[15:00] Calculating insurance rates based on zip codes

[16:55] Cash value is the number one issue insurance companies have

[20:13] How are land contracts insured?

[22:51] Hard money lenders can place property coverage, but it costs a bit more

[23:38] Loss of Rent insurance

 

Mentions:

Hartman Media

Ross Diversified

Acceptance Indemnity

Cincinnati Insurance

Blackstone

Direct download: AIPIS2010420Nationwide20Property20Insurance.mp3
Category:general -- posted at: 3:07pm EST

The financial industry has their blinders on with regards to the most historically proven asset class in the world, income property. There is no governing organization that watches over real estate transactions, which is why investing in income property is still a lucrative and simple income producer. Savings vehicles such as One Participant 401Ks and IRA’s can be used as diversification platforms for entrepreneurs already investing in tangible assets such as real estate. These alternative savings avenues offer more flexibility and control compared to investing and trusting your money with large financial service organizations.

 

Key Takeaways:

[2:30] A plethora of investment options including IRA’s and 401Ks

[4:06] 2 Tax codes: business owner tax code and employee tax code

[6:09] Growing your money, tax deferred

[7:41] Limits of contribution for the Solo-k

[10:23] Diversify via real, tangible assets

[12:39] The IRS is not a big, dumb government organization

[15:05] Average Joe’s do not know how to handle investments

[17:02] Thou shalt maintain control

[19:55] Strategies for long-term investments

[22:37] Hoping and praying should not be part of your investment strategy

[23:20] Jeff was disillusioned by the financial industry and wanted more

[27:16] A CPA is your best bet for financial planning

[28:42] There is no governing body for real estate

[32:54] Follow the money trail

[33:31] 30% of corporate profits in the U.S. come from the financial services industry

[34:42] Contact information and how to get Jeff’s book

 

Mentions:

Self Directed Company

The Ultimate Guide to Self Directed Retirement Planning

Direct download: AIPIS2010320Jeff_Barnes_Self_Directed_Investing_26_Retirement_Planning.mp3
Category:general -- posted at: 10:50am EST

The last thing you want when building your business is to be personally liable for acquired debt in the event of a down market. Many investors may not be aware of the significant differences of building business credit using personal information such as a Social Security Number versus building business credit without using personal information. Our guest, Ty Crandall is the CEO of Credit Suite, a business which builds business credit for others. He has over 16 years of experience in the finance industry and is a renowned speaker on building business credit and credit scoring.

 

Key Takeaways:

[2:04] What is business credit used to purchase income properties?

[3:17] Consumer credit is not designed to build a business

[5:42] If you supply your social security to a credit agency you are personally liable

[7:51] The 3 types of credit - Personal, business and bank

[9:43] Using credit to get big by using business credit

[11:23] There are a few basic steps to getting business credit

[12:54] Rent a virtual physical business address

[14:03] Build credibility via websites, phone and address

[15:40] Secure business credit cards with this method

[17:04] Vendor accounts will give you tradelines, credit profile and credit scores

[18:15] Find trade vendors who report to business credit agencies

[19:12] It is  still necessary to build credit with a vendor account

[20:45] Every major retailer will give you business credit once you have tradelines established

[23:25] Ty owned a mortgage company during its heyday & the crisis

[25:54] The key to business credit is anonymity between personal and business accounts

[26:39] Business credit reporting agencies most people don’t know about

[28:37] If you follow each step you are able to build business credit

[30:18] Get a step by step guide to building business credit from Ty’s company

[30:56] Business Finance Suite, VIP Partner Package is $3500 but for AIPIS listeners, it’s $2500

 

Mentions:

Credit Suite

Perfect Credit - Ty Crandall

Hartman Media

Regus

On Deck

Uline

Quill

Reliable Office Supplies

Dun & Bradstreet

Direct download: AIPIS2010220Ty20Crandall.mp3
Category:general -- posted at: 11:19am EST

Purchasing real estate investment properties can be a long and tedious process. Finding properties, researching the potential investment and calculating the profitability are all initial steps that currently require investors to use multiple databases and take time. Realty Pilot looks to systemize the real estate investment market and connect buyers with sellers with real-time offer information. The platform was built to integrate other systems and databases and give users access to multiple reports from a single interface. The system currently has 10,000 users per month and is set to grow in the near future, as additional data is added.

 

Key Takeaways:

[1:52] Breaking down Realty Pilot’s structure

[3:05] Back office management tools, which use centralized data

[4:22] The real estate market is changing towards a decrease in cash offers

[6:21] Real-time real estate trends

[9:50] Value versus volume

[11:19] Specific growth markets

[13:27] 10,000 offers per month

[15:36] API connects into multiple systems

[17:01] Additional systems can log in-house data

[18:18] Real estate professionals and homeowners are both notified when an offer is made

[21:10] The value disposition service, available in 2016

[22:48] Two different types of offers: soft and hard

[24:32] Regulations make buying a home, a 3-week process

 

Mentions:

Realty Pilot

Offer Runway

Concourse 360

zipLogix

Realstir

Hartman Media

Direct download: AIPIS_101_Christian_Broadwell.mp3
Category:general -- posted at: 3:53pm EST

National bestselling author, W. Bruce Cameron writes from his heart based on his true life experiences. His lighthearted and uplifting books touch our hearts with profound characters, both human and non-human. Jason and Bruce discuss how dogs transform their people with unadulterated, true love, why it’s a great idea to save a dog from a shelter and why we shouldn’t judge people who don’t love dogs.

 

Key Takeaways:

[1:54] Bruce’s favorite dog joke

[3:02] A Dog’s Purpose

[5:50] What does the dog’s master learn along the journey in this book?

[7:43] The Dogs of Christmas

[10:15] Bruce’s uplifting puppy rescue story

[12:14] People should relish in the love their dog gives them

[13:08] Consider rescuing a dog from a shelter

[14:52] Don’t judge people who don’t like dogs

[16:00] Contact information for Bruce

[16:23] People find the subject matter of the book charming

[17:22] Bruce’s new thriller - A Midnight Plan of the Repo-Man

[19:11] Sample rules from 8 Simple Rules

 

Mentions:

8 Simple Rules for Dating my Teenage Daughter Book

A Dog’s Purpose

A Midnight Plan of the Repo-Man

Look Up Video on Youtube

Direct download: AIPIS2010020Bruce20Cameron20-20A20Dog27s20Purpose.mp3
Category:general -- posted at: 9:48pm EST

The examples of international real estate investing in this episode will make you run out to invest in U.S. properties. All aspects of the U.S. market seem too good to be true, compared to Australia and France. Financially speaking, 30-year fixed rate mortgages, low-interest rates and loan-to-value ratios are more attractive in the U.S.

 

Our guest, Matt Jones became a property investor in Australia after reading a single book cover to cover. He used his day job as a mailman to investigate properties for sale, seeing as many as a thousand homes a day. Today, he invests in joint ventures that provide passive income, allowing him to live the life he wants. Through his Property Resource Shop website, he offers DIY kits to get you started on your path to financial freedom.

 

Key Takeaways:

[2:04] Matt’s job as a “Postie” gave him access to thousands of properties a day

[3:10] Starting with renovations is a good way to get your feet wet in real estate

[5:51] Building relationships and having a network helped early on

[6:52] Using agents is the best way to get deals flowing

[8:11] Joint ventures allow for passive income

[10:21] Remote investing in France is difficult because no one moves

[12:00] A single family home in Brisbane Australia costs about $500,000 dollars

[13:04] Investing in real estate in France must include a capital gains tax

[15:52] The 2-minute deal assessment formula

[19:10] Extracting land if the lot of the original property is above average in size

[20:36] Principal + Interest loans in Australia with adjustable rates

[22:55] Contact Matt at Property Resource Shop

[23:17] Understanding why you would want to start investing in income property

 

Mentions:

Property Resource Shop

Hartman Media

Direct download: AIPIS2009920Matt20Jones20-20From20Mailman20to20Real20Estate20Investor.mp3
Category:general -- posted at: 2:38pm EST

Owners of unimproved land are often looking to sell their properties, but may not put their parcels on the market. Jill Dewit and Steve Butala of the Land Academy have made the process of connecting buyers and sellers spreadsheet simple. They start with set parameters which are proven profit generators. They then data mine the available properties and share the opportunities through their platforms of e-books, blogs and podcasts. They even have an education program and an online community potential investors can join to get in on the action. If you are interested in investing in tenant free, vacant land visit their website for more information.

 

 

Key Takeaways:

[2:29] What is the market for rural, vacant land?

[3:41] A niche choice to flip land

[5:04] The typical land transaction west of the Mississippi

[8:06] Zoning and property and tax assessments on vacant land

[11:58] Physical and legal access laws vary state by state 

[13:15] Researching easements and access

[13:46] The 4 A’s of purchasing vacant land

[15:30] The contents of the 2-page letter which entices the seller to consider an offer

[17:45] Using the assessed value to target sellers

[20:31] The parameters of the offer are set in advance

[22:10] We don’t offer to buy vacant land unless we can triple our money overnight

[22:48] Selling the properties to “A” list property buyers

[24:06] How do newbies get started building their lists?

[25:10] Making money on the resale while solving problems

[26:59] Contacting Land Academy

 

Mentions:

The Land Academy

Land Stay

Success Plant

Land and Farm

Land Watch

Hartman Media


If you are looking for a way to make a profit while positively affecting people’s lives, residential assisted living homes might be right for you. Statistics show that the American population is aging in record numbers. This aging class controls 70% of the assets in America today. The private pay assisted living investment opportunity alleviates the burden of medical care, dealing with government payouts, and provides a service needed in most states. Listen in to find out more.

 

Key Takeaways:

[2:18] What’s so great about assisted living?

[3:47] Gene’s assisted living program is in a single family home and licensed by the state

[6:45] Liabilities should be covered by an annual umbrella policy

[8:41] None of the medical services are provided under this design

[9:41] The resident's family members know the elder is taken care of

[10:36] Independent living, institutional living and continuous care retirement community

[11:35] Seniors control 70% of the assets in America today

[12:12] Make a higher profit by running a private pay assisted living home

[13:32] Which states have opportunities for residential assisted homes?

[18:54] Understanding the profit behind the evaluations

[20:40] Factor in the time spent for renovations and licensing

[23:13] What do you want out of your real estate investment?

[24:52] The baby boomer demographics and statistics are astounding

[25:41] Get a free report at RALacademy.com and mention Jason’s show

[26:15] Do good and do well

[27:50] The tsunami of adult care is still about 15 years out

 

Mentions:

Residential Assisted Living Academy

@ralacademy

JasonHartman.com

 

Direct download: AIPIS_097_Gene_Guarino20_Assisted_Living_Investments.mp3
Category:general -- posted at: 1:41pm EST

Julia Spencer is a real life example of an international income property investor with a diversified investment property portfolio. She discusses her gains and losses in tax liens, ‘buy and hold’ properties, and vacation rentals. She became a landlord out of necessity at a very young age; and even though she enjoys certain aspects of this line of work, she concludes that a good property management company pays for itself.

 

Key Takeaways:

[2:23] Julia designed weapon systems software before becoming a real estate investor

[3:56] Diversification is the key to Julia’s balanced portfolio

[5:25] Tax lien foreclosures can be hit or miss, find an experienced person to mimic

[7:45] You must be willing to take risks with tax liens

[8:43] A tax lien foreclosure state or a tax deed foreclosure state: what’s the difference?

[13:38] Cashflow investing or buy and hold investing?

[15:37] Understanding how to secure good property management

[18:54] Long-term tenants are common in Germany

[20:47] A stable land value in Germany, but high taxes 

[23:00] Rent to value ratio - 1% per month

[26:15] Vacation rentals, how does Airbnb compare?

[31:08] Vacation rental management offers a social aspect as well as a monetary boom

[33:31] Contact information to reach Julia

[33:51] Real Estate Secrets that Can Make You Rich

 

Mentions:

Julia M. Spencer

Direct download: AIPIS_096_Real_Estate_Investing_Julia_Spencer.mp3
Category:general -- posted at: 10:14am EST

Amir Korangy’s magazine, The Real Deal, started in his apartment. It focuses on all aspects of real estate news including the architecture, the people, the deals and the money. The last page of every edition is the closing interview. He has compiled 100 of the best interviews and based the book, The Closing - Interview’s with New York City’s Titan of Real Estate, on them. He shares his insights on the amazing entrepreneurs he has met and details how most of them came from very little to create wealth simply because they love what they do.

 

Key Takeaways:

[1:53] The Closing Interview shows the humanity of real estate moguls

[3:27] The true successors live and breathe real estate

[5:40] Most real estate magnates were not handed anything, they bootstrapped their way through

[7:02] David Valentes’ story stands out as an inspiration

[9:55] Real Estate is a local phenomenon

[11:14] Costas Kondylis designed 86 high rises in Manhattan and is the subject of Building Stories

[13:05] Loving what they do is the common thread which links the Titans as one

[15:18] Architecture is an art form you can live in

[16:39] Donald Trump and Kondylis did 18 buildings together

 

Mentions:

The Real Deal

PBS Building Stories - New York Through the Eyes of an Architect

The Closing - Interviews with NYC’s Titans of Real Estate

 

Direct download: AIPIS_95.mp3
Category:general -- posted at: 12:00pm EST