Podcast #59 – Interview – Amy Wan – Advises on syndication/crowdfunding law & fights for the bootstrap entrepreneur

 

-family has RE background

-did private money loans, fundrise e-reit
-was GC of a private money online lender
-now, does the equity piece as well with Trowbridge sidoti
-turnkeys, but just started a company that’ll help RE syndicators, so the money is going towards that.
-Recently invested in a business coach that is providing great accountability mechanisms. I just started using productivity planner + 5 minute journal.
-Follow the money (instead of wasting time on little things), my life mission is to democratize law for the people, but it has to be substantial improvement. I’m not happy with the way law is practice today and how attorneys and clients are supposed to interact.

Here is my best attempt at explaining this… An accredited investor is a defined by the United States Securities & Exchange Commission as someone who makes a minimum of $200,000 ($300,000 if filing jointly) or has a net worth of 1 million dollars excluding personal residence. The significance of being an accredited investor is that you can invest in things that those with less money, cannot. You can also be something called “a sophisticated investor” which has a much more nebulous definition but essentially says you know what you are doing even if you don’t have that much money.

These laws were put in place long ago to “protect” the average person from predatory activity. The irony of this all is that there is no protection for the average Joe, or pension funds for that matter, against investing in a wildly bloated stock market at record valuations. Every major trader out there knows we are in a bubble but there is no protection for individuals dumping money into their retirement accounts to buy mutual funds.

It’s an archaic system which makes little sense. Certainly, there has been some recognition of this fact. The 2012 JOBS act made it easier for Main Street America to participate in “alternative” investments via crowdfunding and made it easier for sponsors to advertise previously unknown opportunities. However, we have a long way to go.

I would advise you that you need to know the lead syndicator personally. None of this “we met at a local REIA and he pitched me his deal”. If a guy does not have a list of solid investors they must lack the track record.

Contact info:
Crowdfundinglawyers.net
Amywanlaw.com
@amyywan

“In the end, you want to buy direct as possible. Buying REITS is the same thing as buying mutual funds with a bunch of middlemen. Crowdfunding sites remove a few layers but as a syndication working with a Crowdfunding site is very expensive way of acquiring capital. Sometimes I wonder who are the people using this high cost of private equity… Perhaps they are “desperate syndicators?”

 

Podcast#55 – Fundamentals – Ask Lane – U Haul Crane Report, Turnkey Apartments, Clay Pipes

Van lines and U-haul report
Similar to how there are turnkey providers for single family that manage everything, is there anything similar for multi family/apartments? spring lake plumbing and tv clay pipes
http://assets.rlb.com/production/2016/06/22082434/RLB-Crane-Index%C2%AE-North-America-January-2016-1.pdf
https://www.google.com/search?q=Rider+Levett+Bucknall+North+American+Crane+Index&oq=Rider+Levett+Bucknall+North+American+Crane+Index&aqs=chrome..69i57j0.343j0j4&sourceid=chrome&ie=UTF-8

I was having a lot of trouble with the plumbing getting clogged up in this particular property. Especially when it rained.

Come to find out the roots outside the home were growing in the pipes. These pipes were made out of clay and the roots like to find the water source and break the pipes. The solution is to get a Backhoe and operator for half the day to dig up the old pipes and replace with PVC. Where did I get this info??? My day job as an engineer 😛

 

Podcast#54 – Fundamentals – Debt Deal vs Equity Deal

Debt deal typically has less risk but less reward. Below are a couple of my guys (below) who lent money to as the Private Money Lender are sure happy after their hard work and risk. Lucky guys! They sold for $15,000 over anticipated. But for me as the debt investor, I saw no equity upside.

Equity deals have a lot more options on how returns are paid out. You partake in the upside returns and downside risks.

Well, at least the bought be dinner while I was in town.

 

 

 

Open post

American Home Preservation (AHP) looking to close on their biggest pool of 799 homes

American Home Preservation (AHP) is a sponsor of the Simple Passive Cashflow Podcast. But more importantly, I personally invest money in the fund. It literally pays my car lease!

Watch 40-minute webinar here:

Highlights of the investment

  • You are helping people stay in their homes as AHP buys the loans from the banks and attempts to structure a more manageable payment schedule for the existing homeowner
  • AHP pays 12% a year. You get 1% every month like clockwork
  • I use it as an “Opportunity Fund” holding tank because of the liquidity
  • The interface is sleek… check it out

You can start with $100 bucks and then you can incrementally increase your investment however you want.

InvestinAHP.com

 

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 #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 #42 – Interview – Keith Weinhold of Get Rich Education – Be an Investor not a Landlord

URL/Contact:  GetRichEducation.com and Get Rich Education podcast

Began by buying an Anchorage, Alaska four-plex building, and grew nationally and internationally from there.

Founder of GetRichEducation.com  Host of Get Rich Education podcast

Active Contributing Writer at Rich Dad Advisors blog

Get Rich Education guests interviewed include Robert Kiyosaki, Harry Dent, T. Harv Eker

1) How much simple passive Cashflow are you making today and how are you doing it?

(You don’t need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, Make 25% of my expenses, over $10k, although people like when people open up the kimono.) Covers all expenses for an above-average home, lifestyle full of meaning, giving, time for exercise & travel.

 

2) What is your Han Solo moment – Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Many. Quitting self-property management, launching GRE, Real Estate Guys 2012 Dallas Field Trip.

Did you “burn the boats” or did you let it happen naturally – was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?  Internal.

 

3) Worst life/business moment what did you do after? Lesson learned? Self-management – don’t know how to fix anything, renting to girls just because they were attractive. Lesson learned – hired pro management

 

4) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking. Not sure I understand, but Keith wants his articles published in Forbes, Fortune magazines.

 

5) What is your simple passive Cashflow number? Now imagine you had 2x that amount… Describe your ideal day, detailed routine, and what projects you are working on. Income

 

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quantity of life. Using “Leverage VAs” at $50 an hour. Climbing & summitting North America’s highest mountain – Denali, Alaska.

 

Your best highest use is most time not being a landlord and being an investor
No one is going to take better care of you properties but its not worth doing yourself
Going from a Quadplex to financial freedom
Don’t be geographically limited – invest where the numbers make sense
A frame work to investing
Value your time… the most important thing. How are your going to do something world changing while you are trying to maintain your job security

Podcast #41 – Fundamentals – Mindset w/ Casey Stanton – Peer Groups, Conations, Functional Teams

Casey is an Outsourced Chief Marketing Officer and his team is available to help organizations that have reached a ceiling of complexity and need marketing and tech implementation to break free. The Tech Guys Who Get Marketing team is the company the “big guys” use when it comes to building complex technology as well as sophisticated marketing engines. Check them out at http://www.techguyswhogetmarketing.com, or check Casey’s Outsourced Chief Marketing and Chief Technology Officer Consultancy out, the Engaged Officers, at http://www.engagedofficers.com. Casey can be found at http://www.caseystanton.com and on Facebook at http://www.facebook.com/caseystanton where he talks about his approach to business called Functional Marketing™.

Topics we talked about:
How he decided to not go down the W2 road
Four Hour Work Week take aways – time is more important!
Conation – natural behavior of how you approach the world – don’t be too analytical
How to tell if your marketing is dysfunctional – Tracking is everything!
Are you a learner, maximizer, analyzer?
http://kolbe.com/
Your peer group can be the end of you – mute the right people on social media
Focus on your escape velocity
Email me Lane@dev.simplepassivecashflow.com for a free Burnzone book if you are interested in the AHP fund
Design you life if you could do anything – what is your creative passion
Futurist ideas on jobs
Put yourself in the best situation based on your skills – Functional Teams – This is a concept I’ve put together that helps entrepreneurs pull together teams to support themselves or buttress their weaknesses. The first key piece of this is understanding ones conation. I am really passionate about people understanding their conation (natural behavior, ever since they were a child). There are a few assessments people can take to help them self-identify. By knowing your conation, you can set yourself up for success more effectively. These strategies come from the Wunderlick Test’s creator’s daughter Kathy Kolbe and management king Peter Drucker.
The happiest people out there teachers have to grade papers or edit podcasts
How to build Functional Teams in order to get more done and have more fun

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