Thu, 26 November 2015
AIPIS 97 - Creating Assets to Generate Cash Flow through Assisted Living Investments with Gene Guarino
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.
[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
Direct download: AIPIS_097_Gene_Guarino20_Assisted_Living_Investments.mp3
Category:general -- posted at: 1:41pm EST
Tue, 24 November 2015
AIPIS 96 - Real Estate Investing, Vacation Rentals and the Importance of Good Property Management with Julia Spencer
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.
[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
Thu, 19 November 2015
AIPIS 95 - Amir Korangy The Real Deal PBS Building Stories & The Closing Interviews With New York City's Titans of Real Estate
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.
[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
PBS Building Stories - New York Through the Eyes of an Architect
Tue, 17 November 2015
Finding an alternative to a traditional bank loan may not be as hard as you think. In addition to hard money lenders, financing companies such as Visio Financial offer short- and medium-term limits with significant interest rates. They offer no-document loans, which simply require a credit score to secure financing. The higher your score, the lower the rate.
[02:33] We started out as a captive lender
[04:02] Our suite of products include short- and medium-term, plus document-free financing
[06:18] We can offer loans to investors who have reached their Fannie limit
[09:34] Buy and hold financing at 12% on a 3-year balloon
[11:50] Our borrowers have credit scores within the low 600s
[12:54] We have multiple sources of capital
[14:17] The higher your credit score the lower your interest
[14:52] Bridge financing is an interest-only product option
[16:00] Example of an innovative way to use our product
[17:54] Go to our website and tell us what you want, and you’ll get immediate pricing
[18:40] Jeff’s overall view on the economy
[21:23] What is the margin of error in flipping?
[23:31] While it may be a good time to be a landlord, it may be hard to find good rental properties
[25:15] People with great mortgages can’t make moving make sense
[27:45] Our annual survey is available on our website
Thu, 12 November 2015
Wouldn’t it be nice to see an interesting property on the internet and send someone else halfway across the U.S. to take photos of it for you? What about checking up on one of your existing properties to inspect the hail damage first hand. WeGoLook has an army of 20,000 “lookers” who can send you photos, videos or answer specific questions. They are even able to visit the local municipality to perform a title search.
[1:55] How WeGoLook evolved
[4:16] We offer a basic report with photos/videos to answer any questions you have
[7:10] We offer an hourly rate for one-off services
[9:06] We also do document research, title searches and visit municipalities for customers
[11:27] We cover the U.S., the UK, Australia and Canada
[13:24] WeGoLook offers these services at these rates
[17:32] People can order services directly from our website
[18:56] We charge travel fees and research fees for those locations which are hard to reach
[22:14] We see ourselves going global in the future
[23:44] We also service fortune 500 companies as field assignment personnel
Tue, 10 November 2015
Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet. There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world.
[2:59] What exactly is Cozy and how did it start?
[6:12] A landlord has access to a tenant’s credit report without the chance of identity theft
[7:11] An agent can only use the screening tools or the full-service option
[10:45] Can a landlord can still add an application fee to cover their time spent?
[13:30] Credit reports & background checks have a fee associated with them via Cozy
[15:22] Automated Clearing House (ACH) payments are free between landlord and tenants
[17:57] Cozy eats the cost of transactions in exchange for client satisfaction
[19:12] 2 ways for a landlord to initiate payments
[21:33] Cozy’s goal is to be the best one-stop shop for realizing rent payments
[23:43] Rental markets are in the U.S. are fragmented and hard to access
[26:30] Cozy is available on your phone or tablet and new services are coming
Direct download: AIPIS_092_Gino20Zahnd20-20Cozy20Tenant20Screening2C20Rent20Collection202620Self-Management.mp3
Category:general -- posted at: 12:22pm EST
Thu, 5 November 2015
You don’t have to wait to start building your real estate portfolio. Many for sale by owner properties have sellers motivated by changes in their lives and problems which you may have the answer to. You may even be able to get creative with financing terms if you solve their particular issue. Your risk may be mitigated by living in the single family home you bought, while doing the right renovations for the neighborhood. If you wait to get started creating your wealth your wealth may never be created.
[3:00] How David got started in real estate
[4:27] Doing the right renovations for the right amount of money
[8:20] The risk is mitigated by living in the home for a while
[9:20] Positive cash flow real estate
[12:03] Allowing your real estate portfolio to give you complete financial freedom
[13:41] Commandment #5 - Thou shalt not gamble when buying property
[14:39] Vacant land sucks money out of your pocket
[15:43] If your partner can deal with some construction dust you can start your portfolio now
[18:17] We decided to remove the marginal properties from our portfolio
[20:44] A history lesson from Jason about deferred down payment plans
[24:51] Making money at negotiating the real estate deal through For Sale By Owner
[28:12] Creative financing tips that solve problems
[31:45] Rent to own is it worth it?
Tue, 3 November 2015
The human behavior coach speaks with us today about what makes people tick and how to prioritize tasks in an effective manner. Research show us, chunking of information is necessary for people to properly digest large amounts of data. A logical flow is applied so the information is then thoroughly understood. Beverly dissects her SHIFT model which she created for one of her large corporate customers.
[2:24] Beverly struggled to bridge the gap between her education and her careers
[4:10] Humans can only understand up to 7 pieces of information at one time
[5:33] The Shift model - The 5 steps
[6:29] Specify the desired outcome
[10:38] Highlight and categorize the obstacles
[12:03] Identify the human factor
[13:53] Find the alternative
[15:01] Take the disciplined action
[17:21] Figure out your top 3 priorities
[18:33] Not all communication comes naturally
[19:30] Contact Bev
[20:07] Have a clear destination and a clear plan to get there
Direct download: AIPIS_090_10th_Show_Beverly_Flaxington_SHIFT_Model2C_Get_Where_YOU_Want_to_Go.mp3
Category:general -- posted at: 9:25am EST