Podcast #101 – Interview Jorge Newberry – Note Buyer Bootcamp announcement and non-performing notes

YouTube Video Link: https://youtu.be/aJ5lSoJoRK4

 

Youtube Audio Only Link: https://youtu.be/NWxFiWwXhrY

 

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math! Here are the Show Notes:

After Turnkey rentals I see people go into 1) Syndcaitions 2) BRRRS 3) Non performing notes

12/20/2016 – SPC034 – Jorge Newbery goes $28 million into the hole and the fight to get back to even – https://www.youtube.com/watch?v=Y1IN4BTvRPg&t
5/30/2017 – Non-Performing Notes w/ AHP Fund making 12% a year! – https://www.youtube.com/watch?v=ZvKue-rq4y8&t=2s
What is performing notes and non performing notes
Steps to get started
What can you get from people or networking in note world
NBBC Training
How did you start to scale ahp
where AHP succeeded and where we failed
the importance of due diligence – and how identifying trouble before you buy a loser is as important is buying winners
What are a few specific things you do (sort the spreadsheet) and simple formulas for a quick and dirty analysis
how to connect with real sellers willing to sell at real discounts
how to build your note business with the maximum likelihood of success
why the note-buying opportunity continues, and how to get ready for the next downturn
what to expect when you start foreclosure or borrower files bankruptcy
how much to raise capital
the value of contacts and relationships (AHP has taken years to build these up – and you can connect with them in two days)
the overlooked value of servicing, collateral and recording
how to maximize returns with fast, consensual resolutions
choosing a law firm: how to align interests and turn slow & costly into fast & cheap
how to get the most out of your servicer

Notebuyerbootcamp.com use code “simplepassive” for $200 off admission

April 18 & 19, 2018 – See you in Chicago

 

On April 18 & 19, 2018 I will be attending notebuyerbootcamp.com in Chicago-Land!

Why the heck am I going to a note buyer conference? Have I got shiny object syndrome again?

Not to worry I am speaking on a panel about raising private equity šŸ˜›

Use $200 off coupon code “SimplePassive”

One takeaway I have gotten from the past couple months of open phone calls with your folks is that after turn-key (SFH) rentals, your natural progression is to forge a path on either syndication as a LP, BRRRRs, or non-performing notes. In that order of popularity from my unscientific study.

If you make it out thereā€¦ Iā€™ll buy the first drink!

__________Event Information_________

AHP’s CEO Jorge Newbery and 10-years of contacts will gather to share what they have learned about NPL (non-performingĀ loan) investing in order to inspire a new breed of note investors – those who want to achieve superior financial returnsĀ andĀ an extraordinary social impact.

Come toĀ learn and connect with some of the leadingĀ note investors in our country! It doesnā€™t matter if youā€™re new to note buying or a seasoned vet, you will learn step by step how to build &Ā scale a note buying business.

 

Podcast #97 – Investing via Crowdfunding Sites to open the country club – A Chat with Reality Shares

Here are the Show Notes…. But first please leave me a review: http://getpodcast.reviews/id/1118795347

Reality Shares came from the Jobs Act
April 2013 Reality Shares began
Accredited only
14-20% Class B MFH estimates
Also have preferred equity options 10-14% IRRs
1st lien debt or 2nd lien 7-12%
If you are not connected Crowdfunding options
From a syndications view, they are charged an origination fee
1% asset management team (from cashflow) from reality shares
1% Funding Fee, 1% Asset management fee
Some crowdfunding is taking equity upside
Due diligence – credit checks, background checks, 3rd party check of purchase price verification, then look at the deal (market, pricing)
Less than 5% of deals make it to the platform
There is a max the crowdfunding site with one syndicator (2-3M) to diversity risk for the firm
Reality Shares is a Broker-Dealer

Podcast #96 – Interview – Kevin Bupp – Mobile home investing

Mobile home investor
His business is not simple or passive
did no go from a career to REI
Started when was 19 years old
Started buying SFHs and 2008 changed things and made Kevin Rebuild
MFH was not scaleable
Then was introduced to mobile home parks
Everyone should start smaller to learn about working with tenants
Anti turnkey rentals 1) based on comps 2) buying retails
Cap rates are only important on the sale
Only look at cash on cash return (not IRR)
used 35% expense ratio
Work with the broker to come to a price – can you help me understand?
MHP have 50/50 LP GP splits where MFH has a little high 70/30 split
40K a year and under, people making 12-15 dollars an hour
Excercise is the success tip

Podcast #95 – Interview – Andrew Campbell from Passive Cashflow Side-hustle to active investing

Show notes:

Autin Texas Native
Bought Duplex and fourplex to start (76 on own for passive cashflow)
Started out with the intention of getting passive cashflow
Was working marketing in Minnesota when father had a heart attack and started buying rentals with brother
Was doing self-managing when first started on own
Flexibility in what you do with your time
Father getting sick was the turning point
Boots on the ground lead is very important
Value-add can mean both 20-30% occupied and adding crazy value and 90% occupied and taking it to 95%
Developments have 25% returns per year

2018 Trends in Population Movement

2017 Data is in! See PDF report
1) Population migrations
2) Uhaul Report (Blue collar jobs)
3) Van Line Report (White collar jobs)
4) 2018 Best Places for young professionals
Download Here:Ā https://drive.google.com/file/d/1IVzN3besQka_abGTHyMK9vcjrQ3n4Mrt/view?usp=sharing
Hui Pipeline Club Members get access to the 1 hour webinar on 2018 trends!

Podcast#92 – #LaneHack – Coaching & Group Coaching Programs

Fill outĀ this intake formĀ and EmailĀ Lane@SimplePassiveCashflow.com

More details: SimplePassiveCashflow.com/coaching

 

Coaching packages including everything Lane knows and following elements:

Pick the path that is right for you:

    • Buy Hold Rentals
    • Remote Turnkey Rentals
    • Go big with Apartment Investing
    • Decoding Syndication as a Limited Partner
    • Raise money from others and Syndicate
    • Building a team

 

Find & Analyze deals

    • Be able to point out Sucker deals for ā€œCaliforniansā€
    • Underwrite the property conservatively via cashflow analysis
    • Get every dollar on the table in the due-diligence period and punch list negotiation
    • Get the best financing option with Laneā€™s preferred lenders
    • Leverage Laneā€™s Deal-flow and Rolodex

 

Put it all together

    • How to setup your personal systems to not go crazy
    • Balance with your full-time job
    • Optimize taxes with my best practices and the proven professionals to advice you
    • Best technology to use
    • Learn the investor mindset and remove limiting beliefs
    • Future goal setting and clear 5-year plan after our program is over

 

Other possible scope of services

    • Growing your brand
    • Syndicate big and small deals
    • Start your own podcast
    • Internet marketing
    • Networking the right way

More details: SimplePassiveCashflow.com/coaching

Podcast #91 – 2017 Recap – Hui Deal Pipeline Club acquires $50M of real estate and raises $3.5M for syndications

Correction: Hui Deal Pipeline Club acquires $50M of real estate and raises $3.5M for syndications

2017 Recap

An amazing year which started on January 1 2017 me waking up in Atlanta after seeing my Washington Huskies getting destroyed by Alabama in the Peach Bowl and traveling to Birmingham to look at some turnkey rentals.

A year of changes & 2018 Preview

Let me know if you visit Honolulu! Let me pick you up from Honolulu Airport and have a consult for some tax savings.

  • The first change this year was that old website that looked like "Flubber blew upā€ is gone and replaced with a decent website. I was also looking back at some old email newsletter that I sent out with some funny Gifs which I will post on the email newsletter and website.

Ā PS THE BOOK IS COMING! EMAIL ME FOR A FREE COPY šŸ˜‰

Here is video walkthrough of the new one: https://share.viewedit.com/iPBEYsNWW9uuvsZWJewFb3

  • I have been making additions to the YouTube Channel not found on the website so please Subscribe and Share: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ
  • Personally I got up to 825 unitsā€¦ most of which in the second half of 2017 after a very quiet 2015-2016.
  • I am migrating to a new database that will support over 900 investors in the Hui Deal Pipeline Club. Please fill out the following form so I can keep you up to date on the latest deals I come across... The new database is pretty slick so based on your answers.
    1. Acquired $35M Total real estate, 589 units acquired, 2M raised for syndications (Coffee, apartments, RV parks, Private money lending)
  • With the success of our last four syndications and raising the following for the Hui Deal Pipeline club (https://simplepassivecashflow.activehosted.com/f/3) I will continue to expand the opportunities by continuing my membership in an Apartment mentoring group as well as a Syndication Mastermind to get access to higher quality deals. I spent $60,000 in 2016 and $30,000 in 2017 on expanding my network and knowledge and will continue to do this to produce the best deals and content. Going to goals seminar in January and will be thinking of where to take this. ā€“ The initiative not to ā€œtrain my investors downā€ and improve my due-diligence. Help me help us!
"I started the Hui Deal Pipeline Club because I want to see each of you get to your goals financially so you can focus on what is really important to you. There are other fundraisers out there that will train their investors down to 10-15% IRRs on crappy deals and do "deals to do deals" or to pick up acquisition fees. Between investing alongside you folks and wanted to grow my track record the right way with the best product I know you guys will keep coming back and bring your friends."

Projects to come in 2018:

Action Items:

  • Let me know if you are interested in coaching, group coaching, or the Mastermind
  • Let me know what are you working on these days? What has got you blocked? I might have a contact or input that may help! Lane@simplepassivecashflow.com
  • Can you help me spread the word of the podcast? Can you make an email intro to me of anyone you think would like additional exposure on the SimplePassiveCashflow Podcast?

My goal is to help others escape the rat race. Please share it with your friends and family because after all, once you have left the day job you won't have anyone to have a lunch date with during the 'regular' work week.

We have all heard that you are the average of the 5 people you hang out with most but I would argue that the 5 people you keep in company, can be the end of you. Choose your supporting cast wisely and consciously. Be aware of unconscious mentors, ie podcasts, tv, radio, books you read. I'm all about automation and spending my time of things that are more important.

So you can just copy and paste the below:

Hey Man, I just checked out this blog with podcast where they actually show how to buy passive real estate investments to build streams of income to leave the day job.. They have this free 10 course "Think Outside the Cubicle" series with access to spreadsheets, mindset tips, networking offers, and deal-flow access.. Here is the sign-up for just the website updates: https://simplepassivecashflow.activehosted.com/f/1

Ā 

Podcast links:

Ā 

Google Android Phones: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_Podcast

Ā 

Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2

Ā 

YouTube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ

And if you want to cherry pick for specific investing topics here is the spreadsheet with a summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1FJ8rBA-SxQ50KJpQP1lppHC9UNLGLS2mIQS899X8__A

With the year closing I urge you to take a time out and ponder the following.

Donā€™t just read the questionsā€¦ set the timer for 10 minutes and just think.

  • In an ideal world, what would your upcoming year look like?
  • What do you wish for in the new year?
  • What dreams would you like to come true?
  • What goals would you like to pursue and achieve?
  • What new knowledge would you gain?
  • What new skills would you acquire?
  • How much money would you make?
  • How much money would you save?
  • How much would you weigh?
  • How many miles would you be able to run?
  • How fit would your muscles be?
  • What new, powerful relationships would you like to forge?
  • What exotic places would you travel to?
  • What new job would you have?
  • What promotion would you receive?
  • What fun things would you do?
  • How much time would you spend with your family?
  • What would your ideal, perfect day look like in the new year?

Ā 

Ā 

Ā 

Bad Data: Class C/B vs Class A

Being an Industrial Engineer by education it drives me crazy how “Bad Data” is prevalent everywhere… much like how English majors get headaches over my writings.

“Lifestyle Asset Class” is the Class A inventory. The place rich people live in (or people who think they are) and what institutionalĀ and unsophisticated investors invest in.

“Renter-by-Necessity” is the Class B/C inventory. This is where blue collar hard working Americans live and where sophisticated investors are able to carve out double digit gains with stabilized properties that still produce cashflow in case of a market correction.

Take a look at the data below for All-Classes and compare it with “Lifestyle” and “Renter By-Necessity” tables and take note how you can’t take data you read in the Wall Street Journal at face value. We invest in “Renter-by-Necessity” properties and weĀ need not let the “Lifestyle” data skew our analysis.

All Classes Data