REIology » Real Estate Investing Simplified

REI 018 » A Crash Course on Investing in Student Housing

Investing in Student Housting [http://reiology.com/wp-content/uploads/2014/04/animal-house-student-housing.jpg]Hey kids, what time is it? It’s podcast time! Been a long time, I know. My bad. Been super busy. Anyways in this episode we’re going to dig into the often overlooked, opportunity-rich niche (hey, fun rhyme!) of investing in cash flow student housing. In fact, we’re going all in, with a full-on crash course on the topic. And to guide us I’ve invited a good friend who happens to know student housing like Tiger Woods knows golf. IT ALL STARTED ONE NIGHT WHEN I WAS HOMELESS… That’s right, I first met Doug Fath when I was homeless one night and nice-guy-Doug felt sorry for me and let me stay in his hotel room for a night. (It’s a funny story…you’ll hear it in the episode.) What I didn’t realize at the time was that this guy in the next bed (yes, there were two beds) was a freaking ninja at investing in student housing rentals. Doug has a list of accolades a mile long (see further down below) but the most relevant for today is his “sweet tooth” for the uniquely enticing student housing niche. Truth be told, Doug’s kind of become the defacto go-to guy when it comes to investing in cash flow student housing.Which brings me to today’s episode… IN THIS EPISODE YOU’LL LEARN * The Fundamentals: What are the “best practices” for defining an ideal student housing investment? * Reasons Why: What really makes student housing such an awesome investment? * Mischief Managed: Do your students trash the place? What about ‘Animal House’? High tenant turn-over? Doug’s got straight answers. * Ideal Market: How to analyze the best markets for student housing investments. * Ideal Property: Doug’s exact criteria he looks for in an ideal student housing investment. * Perfect Analysis: How Doug can tell in 60 seconds whether he wants a student housing deal (and at what price) * The Sweet Spot: The ideal point of entry for newer investors getting into the student housing game. * Doug’s Sneaky Tricks: Doug’s ‘Magic Lease’ trick, how he makes sure his students always pay their rent, he he screens them (and their parents), etc. * Investing Principles: What are Doug’s? (And what should yours be?) * Doug’s 3 Best: Ways he finds the perfect student tenants (and how to know which ones to run away from) * And a whole lot more… Also, Doug was kind enough to give our Insider Members the exact Cash Flow Deal Analysis tool he created and uses himself to size up his deals. Make sure you’re logged in, and you’ll see where you can download it below. LISTEN NOW MEET MR. INVESTING IN STUDENT HOUSING HIMSELF… doug fath investing in cash flow [http://reiology.com/wp-content/uploads/2013/09/doug-fath-2.jpg] In addition to being the guy to know when it comes to investing in student housing, Doug’s the founder and CEO of a real estate investment company with a multi-million portfolio, and the creator of Wealthy Passion Corporation, a company that helps generate income through entrepreneurship and investing. (I’m exhausted already.) This young, serial entrepreneur and investor from Philly also: * Started four companies (and sold two of them) before he even graduated from New York University with his Business degree… * Was also named to the Empact 100 list of Top Young Entrepreneurs in the United States and was recognized for this award at the White House… Impressed yet? Wait,there’s more… * He’s also winner of the 2004 Bank of America Entrepreneurship Award… * And has been featured and interviewed by ABC News, NBC News, The NYU Report, the Philadelphia Daily News, and Bloomberg TV. I know, right?!? STUFF MENTIONED IN THIS EPISODE * More: Investing in Cash Flow [http://reiology.com/studenthousing] (Add’l training from Doug) * Cash Flow Analysis Tool:The one Doug uses himself (Inner Circle only – see below) * How-To:A video of Doug demonstrating the tool ( (Inner Circle only – see below) PRIVATE RESOURCES FOR THIS EPISODE * [Content protected for Inner Circle members only]Not yet an Inner Circle member?Why the heck not???  You’re totally missing out! Click here for your FREE Inner Circle membership… [http://reiology.com/my/innercircle/signup/] Thoughts? Please rate, share and comment on this episode below… [http://nanacast.com/vp/110511/29481/16181/] [http://www.investingincashflow.com/dap/a/?a=295][http://www.investingincashflow.com/dap/a/?a=295] [http://feeds.feedburner.com/~ff/reiology?d=yIl2AUoC8zA] [http://feeds.feedburner.com/~ff/reiology?a=JOdujZhHnnE:r0eokdjPO-k:yIl2AUoC8zA]

REI 017 » 7 Sneaky Little Foreclosure Getting Tricks Part 2

shhh-2 [http://reiology.com/wp-content/uploads/2013/08/shhh-2.png] In this episode we’ll continue with part 2 of our unscripted brain dump with the one and only Jamel Gibbs. Jamel is a machine of a property flipper, active in multiple markets at a time, and foreclosure-buying ninja with more than a decade of real life REI experience notched on his belt. If you missed the first segment of our chat with Jamel, you can check out part 1 out here [http://reiology.com/rei-016-jamel-gibbs-reo/] — and you definitely should do so before jumping into this session. Jamel started the process of sharing some of his best, sneaky little tricks for getting foreclosure deals in today’s market – really solid stuff! He detailed the invaluable lessons learned in his real life, rags-to-riches story, shared the exact questions he always asks his cash buyers, laid out his “Retire Early & Wealthy” plan, step by step… and that’s just the tip of the proverbial iceberg. From here, Jamel just keeps pouring it out for you. IN THIS EPISODE YOU’LL LEARN… * [http://reiology.com/wp-content/uploads/2013/07/jamel-gibbs-round.png]The A, B, C’s of pocket listings * Jamel’s “R-E-S-P-E-C-T” trick * How to  remove your inspection contingency, but still keep it. * Twist! The “EMD Switcheroo” trick * When (and why) you may want to actually offer additional earnest money prior to closing * The “Rightly Seasoned” trick * How often are REO brokers open to price adjustments? And a whole lot more… Bottom line, you’re going to learn a lot of insider tricks on how to play the REO game very, very profitably. I don’t personally know of anyone who does REOs better than Jamel right now. LISTEN NOW STUFF MENTIONED IN THIS EPISODE * More:Jamel’s Repo Riches program [http://reiology.com/jamelrepo] * Script:“How to Talk to Agents” (Inner Circle only – see below) * Jamel’s Yellow Letter:The exact one he sends (Inner Circle only – see below) * Jamel’s Envelope:The exact one he uses for his letters (Inner Circle only – see below) PRIVATE RESOURCES FOR THIS EPISODE * Download:“How to Talk to Agents” Script [http://reiology.com/wp-content/uploads/2013/07/REO-Agent-Script.pdf](PDF) * Download: Jamel’s Yellow Letter [http://reiology.com/wp-content/uploads/2013/08/jamel-letter.pdf] (PDF) * Download: Jamel’s “Invitation” envelope + sticker [http://reiology.com/wp-content/uploads/2013/08/jamel-envelope.pdf] (PDF) Inner Circle [http://reiology.com/wp-content/uploads/2012/05/reiology-inner-circle-150.jpg] NOT YET AN INNER CIRCLE MEMBER? Why the heck not???  You’re totally missing out! Click here for your FREE Inner Circle membership… [http://reiology.com/my/innercircle/signup/] Thoughts? Please rate, share and comment on this episode below… [http://nanacast.com/vp/110511/29481/16181/] [http://feeds.feedburner.com/~ff/reiology?d=yIl2AUoC8zA] [http://feeds.feedburner.com/~ff/reiology?a=BtVYdNJNCPY:Q9tYreArxvc:yIl2AUoC8zA]

REI 016 » 7 Sneaky Little Foreclosure Getting Tricks

jamel gibbs reo [http://reiology.com/wp-content/uploads/2013/07/foreclosure-deals-hard-to-find-you-say.png]Having a tough time landing those smoking foreclosure deals you enjoyed back in the day? Wondering if you’re not missing something? Like an REO loophole, or secret stash of leftover shadow inventory laying around? Then you’re going to love this. Today we’re going to uncover 7 sneaky little foreclosure-getting tricks most people are clueless about, poured right into your ear holes straight from the mouth of my friend and flipping ninja Jamel Gibbs. Wait, hang on a sec… Before we get too far in here, I guess I should say… THE PODCASTS ARE BACK! Yes, it’s been a minute (OK, nearly a year) nice we posted our last episode. What can I say? Business took a bump up, and things started hopping. I got busy. Like busier than a one-armed man hanging wall paper. Or busier than a mosquito at a nudist colony. You get the picture. But that was then, and this is now. And now I’m thrilled to have this fresh, crazy awesome podcast for you that I think you’re really gonna love. WHO’S THIS JAMEL GUY? Jamel Gibbs [http://reiology.com/wp-content/uploads/2013/07/jamel-gibbs-round.png]Simply put, Jamel’s a player. Seriously. This guy’s a deal maker to the nth degree who eats, breathes and lives real estate investing like few others… * You’ll find him extremely active in multiple markets at a time, * Wholesaling, rehabbing, retailing, renting for cash flow, and any/all manner of creative deal making. * He keeps his active deal pipeline flowing to the tune of 5-7 deals a month, * and commonly earns in excess of six figures a month from his deals. So yeah, the guy’s done about every kind of deal you can imagine…but more than anything, he’s a machine of a property flipper. He’s got a truly inspiring rags-to-riches story, an infectious enthusiasm, and more than a decade of experience in the REI trenches notched on his belt. So pay attention, he knows his stuff. WHAT YOU’LL LEARN… I’m not going to spoil this for you – this conversation was unscripted, authentic, and off the cuff (just the way I like it) and there are a lot of juicy takeaways waiting for you inside. Such as… * Like a Glove: Specifically how he’s changed this business to fit the current real estate market * Secret Stash: How Jamel uncovers his very best deals today * Bloody Good: Jamel’s “Tapping the Capillary” trick * Pounce: The REO “Sneak Attack” trick * Prance: The “Work Horse” trick (step by step game plan) * Copy This: The “Retire Early & Wealthy” plan * Wholesalers: Why you should always get an offer * Attack: Why he considers himself an “aggressive” investor (and what it’s done for him) * 4 Questions: The exact questions he asks his cash buyers And a whole bunch more… Bottom line, Jamel’s a true go-getter with a fresh perspective and seemingly endless arsenal of fresh ideas and energy, dealmaking tactics and strategies that the market is hungry for. You might want to be ready to take some notes on this one. LISTEN NOW STUFF MENTIONED IN THIS EPISODE * Script:“How to Talk to Agents” (Inner Circle only – see below) * More:Jamel’s Repo Riches [http://reiology.com/jamelrepo] Inner Circle [http://reiology.com/wp-content/uploads/2012/05/reiology-inner-circle-150.jpg] PRIVATE RESOURCES FOR THIS EPISODE * Download: “How to Talk to Agents” Script [http://reiology.com/wp-content/uploads/2013/07/REO-Agent-Script.pdf] (PDF) NOT YET AN INNER CIRCLE MEMBER? Why the heck not???  You’re totally missing out! Click here for your FREE Inner Circle membership… [http://reiology.com/my/innercircle/signup/] Thoughts? Please rate, share and comment on this episode below… [http://nanacast.com/vp/110511/29481/16181/] [http://feeds.feedburner.com/~ff/reiology?d=yIl2AUoC8zA] [http://feeds.feedburner.com/~ff/reiology?a=5PFb4SIaiA0:9T6dBrghYek:yIl2AUoC8zA]

REI 015 » Behind the REO Curtain: Foreclosures, Agents and Shadows…Oh My!

Foreclosures Behind the Curtain [http://reiology.com/wp-content/uploads/2012/09/behind-the-curtain2.jpg] It’s no mystery that we’re in the midst of the biggest foreclosure wave in history. Duh! FHA foreclosures alone went up 60% in the second quarter of this year — FHA now has over $100 Billion in delinquent loans! But where are all the deals? Hmmmmmm… Some folks say they’re everywhere…just acres of diamonds all over the place. While others can’t seem to snag a foreclosure deal to save their life (or their shirt)… So what’s the dealio? Well that’s what we’ll unravel together… Today I’m thrilled to bring you along with me in an unscripted, brass tacks conversation with a real expert in the foreclosure arena,Sylvia Lunsford– REO agent, Rehab investor and founder of REO Perfect Storm. Add her fix-and-flip experience to the 650 REO / short sale transactions her office has closed over the years, and it’s as plain as the pope wearing a funny hat that this Sylvia gal is clearly somebody worth listening to when it comes to the short sale and REO markets nowadays. YOU’LL LEARN… * The Real Skinny: on the shadow inventory situation — where’s all that inventory? * Behind the Scenes:What’s really going on with Fannie/Freddie, FHA/HUD and the all the big banks * Actual Numbers:of shadow inventory and why they’re holding back * Ssshhhhh:Fannie’s upcoming secretive bulk sales, and what it does/doesn’t mean for mom-and-pop investors * Realtors:How do the Realtors play into all this? * Upcoming:Opportunities with REO’s and how to effectively capitalize on them * The Value: of tapping “REO Power Brokers” * And more… Bottom line, this episode’s all about putting our finger on the pulse of the foreclosure arena of 2012, and how to respond to it as real estate investors. As always, we’re entirely unscripted, and I extracted every bit of awesomeness I could for you from poor Sylvia’s mind. LISTEN NOW PODCAST VIDEO REI 015 » Behind the REO Curtain Foreclosures, Agents and Shadows…Oh My! [http://www.youtube.com/watch?v=QEMPCJrgMqQ] FUN FACTS ABOUT SYLVIA LUNSFORD: * Sylvia Lunsford [http://reiology.com/wp-content/uploads/2012/09/SylviaLunsford3.jpg]Founder of REO Perfect Storm * Successful REO brokerandfix-and-flip investor * Licensed in AZ and CA, working the short sale and foreclosure markets * Ranked consistently for last 15 years in top 10% of all active agents in local MLS * Certified Distressed Property Expert * Has been REO listing agent for Freddie Mac, Fannie Mae, BofA, Wells Fargo, Chase, Citibank and whole heap of other big banks as well as smaller community banks and credit unions * As an investor, she’s banked a tidy $1.7M in profits buying REOs (foreclosures) at below market value, rehabbing them and then reselling them for top dollar over the last few years STUFF MENTIONED IN THIS EPISODE * www.REOperfectstorm.com [http://www.REOperfectstorm.com] * www.REOBroker.com [http://www.REOBroker.com] * www.REONetwork.com [http://www.REONetwork.com] Inner Circle [http://reiology.com/wp-content/uploads/2012/05/reiology-inner-circle-150.jpg] NOT YET AN INNER CIRCLE MEMBER? Why the heck not???  You’re totally missing out! Click here for your FREE Inner Circle membership… [http://reiology.com/my/innercircle/signup/] Thoughts? Please rate, share and comment on this episode below… [http://feeds.feedburner.com/~ff/reiology?d=yIl2AUoC8zA] [http://feeds.feedburner.com/~ff/reiology?a=Ui33VxX7nak:oE0iof8gjxE:yIl2AUoC8zA]

REI 014 » Anatomy of a "Remote Control" Real Estate Investor

Remote Control Real Estate Investing. You're Doing It Wrong. [http://reiology.com/wp-content/uploads/2012/08/giant-remote-doing-it-wrong2.jpg] Time for another awesome podcast, yo. In today’s episode, we’ll get up close and personal with a real life “remote control” real estate investor. Said another way, a guy who lives in one place, but actively (and yes, profitably) invests someplace else entirely. Now this is a hot topic. You’ll meet Justin who’s basically cracked his own code on how to flip properties in Cali while lounging beachside with his family in Panama. (Yes, the one in Central America) MEET THE SHARP DO-ER Justin and I actually met a few years ago in Vegas at an REI event we were both attending. I was immediately impressed because this guy’s a do-er, not just a thinker. He’s also smart as a tack, and super great at finding ways to leverage other people in his business rather than doing it all himself. He’s lived all over God’s creation, from Washing D.C. to PA to Vancouver to San Diego…and most recently in Panama. All the while, actively running (and profitably handsomely from) his real estate flipping operations…mostly doing deals in San Diego and a little in Phoenix right now. Justin Lee Winning [http://reiology.com/wp-content/uploads/2012/08/justin-lee-winning.jpg] Ha, sounds sexy, doesn’t it? How does he pull it all off? Well that’s exactly what I cornered him in this episode to find out. We’ve also got a couple of really cool and useful giveaways for you in this episode too (keep reading). WE’LL UNCOVER… * Back Story: How he got started, and what did his REI biz look like before going “remote”? * Evolution: How and why he evolved from a “normal” real estate investing into doing deals remotely. * Model:What’s your specific remote investing model? * Pitfalls: What’s the hardest part about investing here while living abroad? * Bumps: What challenges has he faced so far and how’s he dealt with them? * Winning: What makes it work so well for you? * Secret Weapon:Learn exactly how he’s leveraging unpaid interns to do 90% of the work in his real estate investing business * Pros/Cons: Interns vs. VAs * Perspective: What does it really take to make going “remote” work well? Bottom line, we’re going to crack this guy open together and look inside and uncover what it takes to run a thriving, profitable real estate investing business in the US while living in a foreign country for 4 months out of the year. As always, we’re entirely unscripted, and I extracted every bit of awesomeness I could out of his little mind for you. If you’re tittilated by the prospect of doing deals in other markets — or heck, just doing deals while traveling abroad — then you’ll love this episode. LISTEN NOW PODCAST VIDEO REI 014 »  Anatomy of a Remote Control Real Estate Investor [https://www.youtube.com/watch?v=xqY7GTKRwnM&feature=vmdshb] STUFF MENTIONED IN THIS EPISODE * Justin’s Report:101 Ways An Intern Can Triple Your Real Estate Investing Business [http://www.101internsecrets.com] * List: Top 25 Intern Job Submission Sites(see Inner Circle resources below) * Docs: Unpaid Internship Understanding of Agreement (Every intern signs it – paid their $400/hr attorney to create) (see Inner Circle resources below) * Video: Watch Intern Ben Close a Deal Remotely for Justin: [http://reiology.com/wp-content/plugins/traffic_player_advanced/images/trafficplayerwp.png] PRIVATE RESOURCES FOR THIS EPISODE * [Content protected for Inner Circle members only] Inner Circle [http://reiology.com/wp-content/uploads/2012/05/reiology-inner-circle-150.jpg] NOT YET AN INNER CIRCLE MEMBER? Why the heck not???  You’re totally missing out! Click here for your FREE Inner Circle membership… [http://reiology.com/my/innercircle/signup/] Thoughts? Please rate, share and comment on “Anatomy of a Remote Control Real Estate Investor” below… [http://members.internprofits.com/dap/a/?a=276&p=www.InternProfits.com][http://members.internprofits.com/dap/a/?a=276&p=www.InternProfits.com] [http://feeds.feedburner.com/~ff/reiology?d=yIl2AUoC8zA] [http://feeds.feedburner.com/~ff/reiology?a=YBxu3CH34EU:JyJS1lknXNA:yIl2AUoC8zA]