Tag: podcast

Podcast #052 – Fundamentals – Caeli Ridge – All About Financing Single Family Homes with Government Subsided Fannie Mae/Freddie Mac Loans

Fannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden tickets
Some Credit Unions have portfolio loans but its all going back to the Government
As of 4/2017 – 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book
1) Credit Score – 720 or greater in spots 7-10
2) Assets – Liquid and Non-Liquid for downpayment (must be sourced and seasoned 2-months liquid) and cash reserves needs 1-6 liquid or non liquid for subject property needs to show 6 months PITI plus 2 months for each other property in addition. For property 7-10 you need 6 months PITI for all properties
3) Dept to Income (DTI) – 50%
We get to use 75% of the supposed rents as income in DTI
LOE – Letter of Explanation
Price adjustments
30 day rate lock
Timing the appraisal
Portfolio loans
Delayed Financing

Podcast#050 – Interview – Mark Kenney – CPA to Apartment Syndication

Mark is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 20 years ago and has extensive experience in property valuation, acquisition, and operations. He has a passion to help others succeed in the multifamily arena.

Mark is invested in 1,750 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.

Mark is a 1993 graduate at Michigan State University in Accounting and is a CPA. He has provided IT consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for organizations such as KPMG Consulting, EDS, SAP, HP, and founded Simplifying-IT which provides IT services to fortune 500 companies.

Looking for a passive fund that invests in distressed notes?
SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Time is the most important resource! Email Lane@simplepassivecashflow.com to use the same VAs I use

 

Podcast #49 – Fundamentals – Why not to buy cheap $50K properties

Check out the ultimate turnkey guide here.

Why don’t buy Turnkey under 50k.
1) not worth financing… If your not financing then what’s the point
2) bad tenant quality
3) no exit strategy because no one will want to buy it other than a sucker investor

I am transitioning to MFH syndications and selling my 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month). They are going to go up on Roofstock.com for investors to purchase at 1.2M asking. The highs are sorta mediums and the lows are lows 🙁

 

PS: There is no such thing as turnkey. Check out these disaster photos… https://photos.app.goo.gl/R4PZLuOLGHONO5Rl2

And always but with inspection and appraisal.

Let me know if you would like a referral to any good turnkey providers

Also try Roofstock … Where I sold my turnkey properties

 

 

Podcast #48 – Interview – Kenny Wolfe – Got $50K? Move over SFHs!

Kenny Wolfe is an apartment syndicator today but it was not always like that
At 33 years old he left his CFO position and went full-time REI
2016 might have been the peak (100 deals, 10 look ok, and one offer)
5.25% interest rate at early 2017, 1.25 DSCR is a hard underwriting figure
At 24 years old bought and failed at a tanning salon
MFH Property Management is much more responsible
Treating investing like a business with an office and professional documents
If you need a VA I am a partner of a VA firm that offers super qualified staff for a variety of tasks. Get creative and send me an email if interested in a free 10-hour trial.
www.Wolfe-re.com

 


Podcast #47 – Fundamentals – City Fines, Special Webinar Announcement, Dealflow

I am opening the kimono and getting naked… I am hosting a free webinar showing my 2017 results from my 10 SFH personal portfolio.

WHEN: 6PM, Monday April 3, 2017

It is only available to those who have signed up for the HUI Deal Pipeline Club. Click here to sign up!

Complete Private Form to get on the Guest List:
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y

You will learn the following:
-See how I use excel to track each property performance per the Schedule E
-See how I track overhead ie meals and other fun purchases like my beloved Apple AirPods
-What metrics I keep track of
-How much money I made last year
-What was my average returns
-How many of the properties actually lost money
-This may never be seen again! – I do not know if I will release/record this to the public for obvious reasons so this may be the only chance for you to see this.

Please reply back to me to unsubscribe and I will not email you again.

Check out the first few foundational podcasts and then start on this checklist:
https://docs.google.com/document/d/1HE9pEJU9s8IZWvQJ-rNOH8qPxCtr9100i9GFiaeVaYQ
And if you need help starting a SFH portfolio or Turnkey Rentals…
https://docs.google.com/document/d/1AuiPk8ABaA3vu1VzbUsfRiFQLEt-LXtUfI6GcwxgnsE

Commentary of the market from my crystal ball:
The Fed and Executive branch are in conflict. Both want control and want to wrestle control away from the other and make the other look bad.

Look out for instability in China as it might be the trigger for economic weakness.

Podcast #44 – #LaneHack – Automate your meeting scheduling

Assistant.to handles scheduling one-on-one meetings directly from your Gmail and Google Calendar. Select the days and times you’re available and then share those slots with your contacts. The app continuously monitors your schedule to eliminate double bookings and time zone mistakes. Invitees can select their desired meeting time simply by clicking in the email, and the event will sync with their calendars on Outlook, Google, Lotus Notes and more. No need for recipients to open a website or create an account. Integrates with GoToMeeting, Cisco WebEx and more. Comes as an extension for Chrome users. Free.* 

Calendly integrates with Google, Outlook, iCloud and Office 365 to create a personalized email or embedded URL where contacts can select and schedule appointments based on your customizable availability and time limits. Helps eliminate double bookings and time zone issues. Free for a basic package. Premium plans start at $8 per month per user.* 

Rallly helps you collaborate with others by creating a simple event URL page to share with friends, clients or coworkers. Attendees can discuss the agenda as well as vote on the best time for a meeting. Works great for bigger groups, masterminds, book clubs or even social gatherings. Free.* 

YouCanBook.Me connects to your Google, Microsoft or iCloud calendar and shares your pre-selected meeting times and durations with your customers and contacts via website, Facebook or email. Customizable branding, confirmations, reminders, and follow-ups for you and your customers help reduce no-shows. Free for basic plan. $10 per month per calendar without branding.

Make scheduling headaches a thing of the past with one of these amazing apps. 
#LaneHack #JustTheTip

Looking for a passive fund that invests in distressed notes?

SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.

https://calendly.com/simplepassivecashflow/20