Real Estate Lab https://realestatelab.live This is your real estate investing lab room Mon, 13 Jul 2020 12:42:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 Real Estate Lab will walk your through the real estate investing world with different real estate strategies to up your real estate investing game. Discover how you can create passive income to replace your current W2 job or keep it if you have a job that you love. Vee has participated in over $15M in real estate transactions in different capacity (wholesaler, flipper, property manager, deals closer, deals underwriter etc.) since 2009. He invested in 220+ units passively. Real Estate Lab will be a place for everyone to learn about the current real estate trend, real estate investing strategies, apartment syndication, self-directed IRA investing, buy private note/mortgages, flipping houses, buying tax lien certificates, marketing to find deals, 1031 exchange, raising capital, passive investing, turn key properties, buy and operate mobile home parks, creative financing strategies, creative deals structuring, tax strategies, etc. all from the freedom of your owner schedule. If you are a fan of Robert Kiyosaki, Napoleon Hill, Gary Keller, Jeff K. Johnson, etc. then this podcast is for you! Vee Khuu Vee Khuu info+5d9419aa37752c556955b8fa@mg.pippa.io info+5d9419aa37752c556955b8fa@mg.pippa.io (Vee Khuu) Vi Khuu Buy More Properties! Real Estate Lab https://assets.pippa.io/shows/5d9419aa37752c556955b8fa/1569987079722-ba4e63549d7f4288e8e17d1c431c94bd.jpeg https://realestatelab.live/episode-archives/ EP 37: Why Are Prices Still Increasing Amid A Pandemic? https://realestatelab.live/ep-37-why-are-prices-still-increasing-amid-a-pandemic/ Mon, 13 Jul 2020 12:42:01 +0000 https://realestatelab.live/?p=630 Today on the Real Estate Lab Podcast, we don’t have any guests, but I’ll be sharing something really interesting with you. We’re going to dive into the question, “is it time to sell?” Recently I’ve come across an article written by Jeff Andrews, and I’ve put this episode together to give you my opinion on...

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Today on the Real Estate Lab Podcast, we don’t have any guests, but I’ll be sharing something really interesting with you. We’re going to dive into the question, “is it time to sell?” Recently I’ve come across an article written by Jeff Andrews, and I’ve put this episode together to give you my opinion on the matter. Stay tuned, and enjoy!

Unemployment and Unpaid Rent

With our favorite stores closing down one by one, the people who work in those retailers live in apartments that are now mostly unable to pay rent. However, most states have implemented a moratorium where you cannot file for eviction. Recently, I went out with a group of landlords, property managers, and attorney lobbyists in Colorado to fight for a bill entitled, COVID Relief for Tenants and Home Owners. This bill would place a moratorium on demanding any rent in court through May 2 of 2021. The landlord would still have to go through a two-month eviction process, which means that you couldn’t even get your house back until late June of next year.

Supply and Demand on Home Prices

Another factor you have to pay attention to is that the prices are still rising. When we hear of a massive unemployment rate, we think people would start selling their homes, right? Yes, but we still don’t know when that will happen. The government has already stepped in and put a lot of measures to help with that issue. It all boils down to supply and demand on why home prices are still at a high point. Because we’ve been in a hot market for such a long time, many buyers are still shopping with only a few listings to go around. Home sellers actually took their listings off the market because of the uncertainty!

Waiting for the Dust to Settle

So what should we do? Now, this is just my opinion, so take this with a heavy grain of salt. Even with forbearance delaying payments on mortgages, unless the Coronavirus miraculously gets a vaccine this early, most people will still, unfortunately, be unable to pay for their homes. What does that mean? I’m not here to hope for people to lose their homes or wish ill on any person. But personally, if you’re buying houses for cash right now, I’d wait and watch the dust settle.  Be ready and prepare yourself for whatever is going to happen to this market. If nothing happens, a few months later, you could still go out and buy houses for cash. However, if the market tanks and you already bought it, you may lose money. Real estate is still one of the best vehicles out there to create long-term wealth, so ensure that you’re making wise decisions.

Is it time to sell? Hear Vee Khuu on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Outline of the Episode:

  • [01:27] Is it time to sell?
  • [02:11] The businesses that closed down. What does all this mean?
  • [05:02] Why are prices still rising? We have been in a scorching hot market for a long time!
  • [08:24] How is this any different from 2008? 
  • [11:08] Forbearance is just a delaying of something inevitable.
  • [15:42] Preparing for what is going to happen in the market.

Resources:

Connect with Vee Khuu!

The post EP 37: Why Are Prices Still Increasing Amid A Pandemic? appeared first on Real Estate Lab .

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EP 36: Jack Bosch – Let’s Flip Land! https://realestatelab.live/ep-36-jack-bosch-lets-flip-land/ Mon, 06 Jul 2020 06:00:00 +0000 https://realestatelab.live/?p=626 We have a special episode prepared for you today. On this podcast (and all the other podcasts you listen to), we’ve had so many people talking about wholesaling, flipping, mobile home parks, apartment buildings, and multifamily investing. But this guy on the episode is in a space that you might have never even heard of...

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We have a special episode prepared for you today. On this podcast (and all the other podcasts you listen to), we’ve had so many people talking about wholesaling, flipping, mobile home parks, apartment buildings, and multifamily investing. But this guy on the episode is in a space that you might have never even heard of before! Join our host, Vee Khuu, and the “Land Guy” himself, Jack Bosch, as they dive deep into the world of selling land! This particular niche is something that not a lot of people are talking about. Somehow, this business has gone under the radar to many people despite it being easy and lucrative! Jack’s students use an effective program to profit handsomely and enable them to venture into other passions or businesses. So, make sure to stay tuned, and enjoy the show here on the Real Estate Lab!

Jack Bosch Guest on Vee Khuu's RE Lab Podcast

Why Choose Land?

To show you how easy selling land is, let’s take a look at Jack’s story. In case you’re wondering, Jack Bosch did get into the real estate game because he and his wife hated their job, like everyone in the space. With no knowledge about houses, construction, repairs, or rehabs, they had to find people who knew how to do things for them. That part of the process made it a little more complicated than usual. Add to that the stresses of beating the competition, finding deals, sending direct mail, driving for dollars, and all these things. It started to look like things were not going to work. Jack and his wife then thought of getting in touch with people that owed property taxes, thinking that some of them might just want to get rid of the properties to avoid tax. So, after sending letters to 400 people who fit the criteria, they got answers! One of the people they connected with was someone who didn’t have things going well for him. He had a terrible experience that left him scarred and traumatized. To make the story short, he was ready to take on any offer because he didn’t care about this property anymore. So, Jack offered him $400, and he took it! To complete that story, while Jack was putting up the sign, the neighbor from across the street comes along and offers him $4000 for it! While that wasn’t a massive amount of money, it was ten times the money spent to buy it. Because everything went so smoothly and Jack didn’t want to bother himself with rehabs and repairs, he found his love in selling land. 

Learn how Jack Bosch bought land for $400 and sold it for $4000! Catch the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Seller Financing at Its Finest

If Jack’s story isn’t enough to convince you, look at one of the ways he gets the job done. When trying to sell a piece of land, let’s say, something worth $40K, he would offer someone tp buy the property on seller refinancing with a 15% downpayment ($6000) and make monthly payments of $600 over the next eight to ten years, with the usual interest rates of ten to twelve percent. The big surprise for us is that Jack bought this piece of land for $5000, and someone’s paying $6000 as a downpayment. You’ve already won at the beginning, and you’ll win even more with monthly payments accumulating in the future!

These are just a few of the things selling land can offer. Did you know that in this venture, you could avoid Dodd-Frank regulations and the IRS? Head on over to the podcast now to learn Jack’s secrets!

We bought this property for five, but we’re getting a down payment of six. We’re really getting more as a down payment than it actually costs us to buy the property! – Jack Bosch. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Jack Bosch:

Known as “the Land Guy,” Jack Bosch is a real estate investor, educator, husband, and father. Originally an immigrant from Germany who came over with just 2 suitcases and a bunch of student debt, Jack (with his wife Michelle) have found their niche in Real Estate. Since 2002, they have been buying and selling lots and unimproved land and have flipped more than 4,000 transactions. It only took them 18 months to go from Zero to $1M. Since 2008, Jack and Michelle also have been educating those who either find houses too challenging or are unsatisfied with the competition and teaching them how to make more money from simple land and lot flips. Plus, they have figured out a way to make land cash flow massively and consistently with checks coming in for years and even decades.

In addition to land flips, Jack and Michelle also own a portfolio of rental houses, commercial properties and even large apartment buildings. However, land and lots is their first passion because as Jack says there are no “Tenants, Toilets and Termites” on land, which really means no repairs, no inspections, no mold, no contractors. While still flipping over 100 properties a year, they now spend 2-4 months a year traveling the world with his family. They designed their business to fit their lifestyle, and the cash and cash flow from the business and investments allows them the luxury of living life on their own terms.

Jack is also a #1 bestselling author of the financial literacy book “Forever Cash, break the earn-spend cycle, take charge of your life, and build everlasting wealth and hosts the successful podcast “Forever Cash Life – Real Estate Podcast”

Outline of the Episode:

  • [05:44] Honduras versus Germany. Who would win?
  • [07:01] Coming to the US from Germany in 1977 and falling in love with the mentality.
  • [08:50] Buying a piece of land for $400 and selling it for $10K!
  • [14:16] What do his buyers do with the land they get? They’re usually the same as him!
  • [18:53] Selling land and different exit strategies.
  • [20:58] Double closing, assignment, and wholesale deals. Getting profit just from downpayment!
  • [26:12] Dodging Dodd-Frank regulations and the IRS!
  • [30:44] Taxes paid when selling land and strategies you can use to your advantage.
  • [34:16] Figuring out the value of a piece of land.
  • [39:46] Assessed Values and the math behind a property’s worth.
  • [42:10] Not having to do a lot of due diligence.
  • [48:51] Minimizing your efforts and costs by having the buyers conduct the surveys.
  • [51:46] A typical conversation with a seller. People who inherited land versus people that know everything about the property.
  • [54:56] Different reactions to getting low offers, and Jack sending them another letter in six months!
  • [56:55] Junk lands exist! How can you make sure you don’t buy worthless land?
  • [59:20] Remember, you don’t need the money for the deals! But how much money do you need for the other parts of the business?
  • [1:02:17] Response rates? What matters is how much you make for each response!
  • [1:03:57] Follow your own system! Don’t get overconfident.
  • [1:06:06] The Forever Cash Hall of Fame? How can you get into it? Facebook Groups with international members!
  • [1:11:33] Books and resources. Get rid of the excess things in your life and focus on the important things!
  • [1:13:55] Life is not meant to be lived small.

Resources:

Connect with Vee Khuu!

The post EP 36: Jack Bosch – Let’s Flip Land! appeared first on Real Estate Lab .

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EP 35: Jason Pero – Multifamily Investing During A Pandemic https://realestatelab.live/ep-35-jason-pero-multifamily-investing-during-a-pandemic/ Mon, 29 Jun 2020 06:00:00 +0000 https://realestatelab.live/?p=620 Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? These are the questions that we will get into. With everyone talking about the potential benefits of going all...

The post EP 35: Jason Pero – Multifamily Investing During A Pandemic appeared first on Real Estate Lab .

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Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? These are the questions that we will get into. With everyone talking about the potential benefits of going all in, it’s essential to know the value of staying conservative and investing in stable markets. While focusing on growth is needed, you cannot forget about maintaining your business by making room for unexpected situations! 

Learn how to tread the real estate road during the pandemic with Jason Pero! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Jason Pero - Real Estate Investing - Real Estate Lab Podcast with Vee Khuu

Pandemic-Proof Predictability

In his experience during the911 market aftermath, Jason found that his tenants were still paying rent, in contrast with what everyone expected. He realized that it’s a simple business – just rent your vacant space for more than your bills. Make sure you have enough rent coming in to pay for your mortgage taxes, insurance utilities, repairs, and some profit. With that mindset, he was even able to buy three additional properties! In an up and down market, he was still able to operate.

What was his secret? He utilized the predictability of the market he was in. His grounds were in Erie, Pennsylvania, a tertiary market that doesn’t get hit hard with an economic downturn. Jason didn’t chase for fast growth by investing in certain metropolitan areas. There was more focus on being risk-averse, putting money in stable markets that allowed him to avoid downturns like what Atlanta and Nashville had. The stability and predictability limited any adverse changes to his quarterly distributions, even in the middle of a pandemic!

How can you stay pandemic-proof in real estate? Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

A Conservative Counter to Carelessness in Multifamily

It’s essential to hold a preference for being conservative in real estate. Before the Coronavirus, a lot of people said they’d be adding value and push rents higher. While that in itself is a valid strategy, the mistake that people make is that they have too short of a timeline to raise the rents, not to mention being aggressive with their assumptions. If you get deals that only work with that plan, it’s going to cost you if things go wrong. Now, we have the pandemic putting a halt on the market. Does pushing for higher rent make sense now? Absolutely not. Because you can’t predict the future, find those deals where the rent has space to grow. Give yourself some room for ten other crazy things that could go wrong!

Looking for more conservative tactics? Tune in the full interview on the Real Estate Lab Podcast!

Give yourself some room for ten other crazy things that could go wrong! – Jason Pero on Multifamily. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Jason Pero:

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts.

Outline of the Episode:

  • [02:21] How did Lebron James’ career choices affect Jason’s relationship with his wife?
  • [04:29] Not wanting to work on a farm and the kind of life in Pennsylvania.
  • [06:51] The mindset of making money to get the things you want, even from a young age. How did a couple of school teachers have a net worth in the millions?
  • [11:51] A $32K duplex as the first rental property. Set up for your financial future!
  • [13:42] The market before and after 911. Was it really a crisis across the country?
  • [16:36] Enjoying predictability and stability in his market through investing in small towns.
  • [18:18] Mistakes in multifamily – being too aggressive with assumptions. It always pays to have a conservative approach.
  • [23:06] How a conservative approach is going to preserve you as an investor. Make sure to have available reserves for “break in case of emergency” situations!
  • [27:30] The definition of financial freedom and the importance of finding mentors. Copy the successful methods of the people that have done it before you.
  • [33:04] Trying to keep on an even keel. Don’t get too high or too low. Remember where you came from!
  • [34:37] Be radically open-minded and at peace at the same time. It’s a life of continual learning and finding opportunities.
  • [38:38] Having defined goals and expectations in real estate. Are you ready to fire people?
  • [41:20] The challenge of feeling satisfied and knowing where to expand.
  • [43:10] Crash and Learn: what is it about? You don’t have to brag about your nice things!
  • [46:54] Financial goals are empty – focus more on your happiness!
  • [48:55] Experience with the Darren Hardy mastermind. Is it necessary to join one?
  • [55:14] Hiring people that are better than you. Be comfortable in having other people make the decisions for you!

Resources:

Connect with Vee Khuu!

The post EP 35: Jason Pero – Multifamily Investing During A Pandemic appeared first on Real Estate Lab .

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Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? These are the questions that we will get into. With everyone talking about the potential benefits of going all in, it’s essential to know the value of staying conservative and investing in stable markets. While focusing on growth is needed, you cannot forget about maintaining your business by making room for unexpected situations! 



Learn how to tread the real estate road during the pandemic with Jason Pero! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast







Pandemic-Proof Predictability



In his experience during the911 market aftermath, Jason found that his tenants were still paying rent, in contrast with what everyone expected. He realized that it’s a simple business – just rent your vacant space for more than your bills. Make sure you have enough rent coming in to pay for your mortgage taxes, insurance utilities, repairs, and some profit. With that mindset, he was even able to buy three additional properties! In an up and down market, he was still able to operate.



What was his secret? He utilized the predictability of the market he was in. His grounds were in Erie, Pennsylvania, a tertiary market that doesn’t get hit hard with an economic downturn. Jason didn’t chase for fast growth by investing in certain metropolitan areas. There was more focus on being risk-averse, putting money in stable markets that allowed him to avoid downturns like what Atlanta and Nashville had. The stability and predictability limited any adverse changes to his quarterly distributions, even in the middle of a pandemic!



How can you stay pandemic-proof in real estate? Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



A Conservative Counter to Carelessness in Multifamily



It’s essential to hold a preference for being conservative in real estate. Before the Coronavirus, a lot of people said they’d be adding value and push rents higher. While that in itself is a valid strategy, the mistake that people make is that they have too short of a timeline to raise the rents, not to mention being aggressive with their assumptions. If you get deals that only work with that plan, it’s going to cost you if things go wrong. Now, we have the pandemic putting a halt on the market. Does pushing for higher rent make sense now? Absolutely not. Because you can’t predict the future, find those deals where the rent has space to grow. Give yourself some room for ten other crazy things that could go wrong!



Looking for more conservative tactics? Tune in the full interview on the Real Estate Lab Podcast!



Give yourself some room for ten other crazy things that could go wrong! – Jason Pero on Multifamily. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



About Jason Pero:



Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative.]]>
Vee Khuu 58:12
EP 34: Sarah Hoverson – R.U.B.S made Easy https://realestatelab.live/ep-34-sarah-hoverson-r-u-b-s-made-easy/ Mon, 22 Jun 2020 17:59:04 +0000 https://realestatelab.live/?p=616 Join Vee Khuu and Sarah Hoverson as they talk about the basics and benefits of RUB systems. Sara is the account executive of Livable, helping property owners and investors increase their ROI and decrease their expenses. Livable is a utility billing and management company that provides an efficient system to consolidate billing. But, how do...

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Join Vee Khuu and Sarah Hoverson as they talk about the basics and benefits of RUB systems. Sara is the account executive of Livable, helping property owners and investors increase their ROI and decrease their expenses. Livable is a utility billing and management company that provides an efficient system to consolidate billing. But, how do these systems work, and why you consider implementing such a service? All these and more, on the Real Estate Lab!

Learn how you can decrease expenses through RUB systems! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Livable: RUB System, or “Rob” System?

RUB systems are essentially a reimbursement to property owners for utility expenses. These systems look at the meters for all your utilities (gas, water, electricity, even landscaping, etc.) and divide the bill among all the tenants. They do this through a billing software that can also be integrated with the property management software that’s in use. When you look at a duplex unit, it may prove to be a substantial upfront investment to install submeters, and some older properties don’t have physical means to have a sub-meter installed! The alternative solution would be to go for a RUB system, where it’s an estimation based off of multiple factors (historical data, occupancy, square footage, and unit amenities like dishwashers and washer dryers) and the details on the master meter utility bill and dividing it amongst the tenants. Livable has a billing platform where tenants can view their bills and also see the allocation table for transparency. They’re even open to tenants who’d challenge their calculations!

RUB systems, or “Rob” systems? Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

A Reluctance to a New Normal in Billing

The perception of these new programs needs to be justifiable. Just because something is new, people might have the tendency to be hesitant. Many think that it won’t work for them because they don’t want to cause trouble for their tenants. But the thing is, there are ways to introduce the program slowly, like using the system as a monitoring service for a few months to cultivate a sense of accountability, and incrementally passing through the charges over time. Another reason why owners may not be open to this modern program is that they want to continue flat rate billing as they’ve been doing for many years already. However, the problem we encounter with flat rate billing is that you run into the risk of either overbilling your tenants or covering for their excessive usage. Imagine the overhead costs you could reduce! The fairest and most accurate way to get rid of these excess payments is through implementing RUB systems, where consumption is directly tied to your tenants’ wallets. This gives them the chance to use less and be more empowered to make better choices!

If you want to learn more about RUB systems, listen to the full interview on the Real Estate Lab!

Are you still on the flat rate billing horse? Hop on the RUB systems automobile! Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Livable:

Livable is the choice Utility Management Platform for both residential and commercial property stakeholders, and we’re putting savings at the forefront of what we do. Whether you operate 2, or 2,000 units, our goal is to provide you with a simple way to recover utility costs, increase the value of your investment, and build a community around conservation.

Resources:

Connect with Vee Khuu!

The post EP 34: Sarah Hoverson – R.U.B.S made Easy appeared first on Real Estate Lab .

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EP 33: Gino Barbaro https://realestatelab.live/ep-33-gino-barbaro/ Mon, 15 Jun 2020 06:00:00 +0000 https://realestatelab.live/?p=596 Create Generational Wealth by Cultivating Multiple Streams of Income In the modern era, the American Dream is slowly changing into something new. We see many people opting to stay away from owning houses and chasing a life of travel. Some aim for financial freedom and want to do things their own way. The problem is,...

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Create Generational Wealth by Cultivating Multiple Streams of Income

In the modern era, the American Dream is slowly changing into something new. We see many people opting to stay away from owning houses and chasing a life of travel. Some aim for financial freedom and want to do things their own way. The problem is, a lot of people still buy into the idea that they can fulfill these dreams by working for somebody else until they retire. That’s not going to happen. Join Vee Khuu and Gino Barbaro as they talk about addressing this problem by creating multiple streams of income that flow into a raging river of wealth!

Learn how you can turn multiple streams of income into a raging river of wealth! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

The American Dream Today

Go to college, get a good job, work with an employer your entire life, and retire. That used to be the American Dream, but it’s different now. For the majority, getting a home, buying cars, and going on a vacation is starting to become a luxury, and people turn their hearts away for something else. People are now looking to find the freedom to work when they want to, work with the people they want, and where they want with no time limits and no pressure. Others devote their lives to give back to others. But you can’t get the liberty to do those things when you’re working for somebody forever. What you have to do is work for somebody, find your passion, get financial freedom, and reclaim your time. That’s the American Dream today.

That sounds simple on paper, but knowing what to do is only a part of the process. You also have to know how to do it. Gino gives an interesting take on this topic from his book, The Honey Bee.

“Ultimately, the W-2 gets taxed at the highest rate. That’s just the way the system is rigged.” – Gino Barbaro. Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

The Honey Bee and the Beekeeper

When you’ve got a big family of six kids, you’ve got a lot of responsibilities, and with those responsibilities come the need to sustain and provide. How are you supposed to get to the new American Dream now? Gino’s book, The Honey Bee, gives us a parable around his experience of eventually creating 23 different streams of revenue. When you think about it, bees are programmed to go out there, work from 9-5, get on the rat race, get on the hamster wheel, and produce honey all day without asking questions. But the question is, who owns the honey? The beekeeper does. Even though he doesn’t get paid at day one (while the bees do), because of his patience and willingness to invest, he gets to own all of the wealth that the bees make for him. Everyone can earn a great living working a W2 job, but with that, you only have one stream of revenue – yourself. If you’re the beekeeper, even if you retire, you still have your honey-making bees!

If you want to learn how to start living like a beekeeper, check out the full episode!

“They start off as small little streams. They don’t seem like anything. But… they start snowballing and creating this big raging river.” – Gino Barbaro. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Gino Barbaro:

Co-founder of Jake & Gino

Gino Barbaro is an investor, business owner, author, and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 1500 multifamily units and is teaching others how to do the same. Gino is the co-founder of Jake &​ Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right &​ Finance Right.

He is the best-selling author of three books, Wheelbarrow Profits, The Honey Bee and Family, Food, and the Friars. Gino graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.

Outline of the Episode:

  • [04:09] Gino’s favorite dish to eat out of all his tutorials.
  • [04:45] Creating multiple streams of income and eventually getting into real estate.
  • [06:41] Selling his restaurant right before COVID-19. How does it feel to let go of a part of yourself?
  • [09:06] Why is apartment investing a critical field for investors to understand? Gino was able to get into it while working with his restaurant!
  • [11:33] The American Dream has changed over the years. It’s now reclaiming our time, working on something that we love to do, and giving back.
  • [15:24] Things always work in threes.
  • [17:40] The reason behind the name Wheelbarrow Profits.
  • [19:29] The importance of building multiple streams of income and being competent in whatever field you’re in.
  • [22:59] When should you decide to make another stream of income?
  • [27:50] The reason for writing his book, The Honey Bee. The risks of having only one stream of income.
  • [28:23] Who should read The Honey Bee? Always be ready to look for complementary streams of income.
  • [29:55] The unique points of the book, teaching how to get something done, and knowing who can help.
  • [30:40] The significance of financial control. You have to drop instant gratification!
  • [33:04] Should you put your money in a 401K? You want to leverage, liquidity, and control.
  • [34:38] The biggest scam in the world!
  • [35:24] It’s the right time when you’re ready. Look at what’s happening with W2 jobs. [37:19] The value of education and being responsible for your actions. Surround yourself with people that will push you to success!
  • [40:00] How much has he spent on education? You won’t believe it!
  • [41:33] We’re all just winging it! Continue to take baby steps and learn more!
  • [42:52] All successful people have a coach. There’s value to paying rather than investing your time in free things!
  • [44:25] Don’t make the mistake of staying in your comfort zone! Get out there and try new things! Gino regrets not jumping into real estate earlier.
  • [45:06] The problem with old properties as they get older and the transition to newer brick builds.
  • [46:56] Gino’s resource recommendation and his take on homeschooling. It’s not about the smartest person, but the one who works the hardest.

Check out Jerome Myers’ Episode

#RealEstateLabPodcast #CREPodcast #CREInvestingPodcast #REIPodast #RealEstateInvesting #RealEstateInvestingPodcast #VeeKhuu #REInvesting

The post EP 33: Gino Barbaro appeared first on Real Estate Lab .

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Create Generational Wealth by Cultivating Multiple Streams of Income In the modern era, the American Dream is slowly changing into something new. We see many people opting to stay away from owning houses and chasing a life of travel. Create Generational Wealth by Cultivating Multiple Streams of Income



In the modern era, the American Dream is slowly changing into something new. We see many people opting to stay away from owning houses and chasing a life of travel. Some aim for financial freedom and want to do things their own way. The problem is, a lot of people still buy into the idea that they can fulfill these dreams by working for somebody else until they retire. That’s not going to happen. Join Vee Khuu and Gino Barbaro as they talk about addressing this problem by creating multiple streams of income that flow into a raging river of wealth!



Learn how you can turn multiple streams of income into a raging river of wealth! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast







The American Dream Today



Go to college, get a good job, work with an employer your entire life, and retire. That used to be the American Dream, but it’s different now. For the majority, getting a home, buying cars, and going on a vacation is starting to become a luxury, and people turn their hearts away for something else. People are now looking to find the freedom to work when they want to, work with the people they want, and where they want with no time limits and no pressure. Others devote their lives to give back to others. But you can’t get the liberty to do those things when you’re working for somebody forever. What you have to do is work for somebody, find your passion, get financial freedom, and reclaim your time. That’s the American Dream today.



That sounds simple on paper, but knowing what to do is only a part of the process. You also have to know how to do it. Gino gives an interesting take on this topic from his book, The Honey Bee.



“Ultimately, the W-2 gets taxed at the highest rate. That’s just the way the system is rigged.” – Gino Barbaro. Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



The Honey Bee and the Beekeeper



When you’ve got a big family of six kids, you’ve got a lot of responsibilities, and with those responsibilities come the need to sustain and provide. How are you supposed to get to the new American Dream now? Gino’s book, The Honey Bee, gives us a parable around his experience of eventually creating 23 different streams of revenue. When you think about it, bees are programmed to go out there, work from 9-5, get on the rat race, get on the hamster wheel, and produce honey all day without asking questions. But the question is, who owns the honey? The beekeeper does. Even though he doesn’t get paid at day one (while the bees do), because of his patience and willingness to invest, he gets to own all of the wealth that the bees make for him. Everyone can earn a great living working a W2 job, but with that, you only have one stream of revenue – yourself. If you’re the beekeeper, even if you retire, you still have your honey-making bees!



If you want to learn how to start living like a beekeeper, check out the full episode!



https://realestatelab.live/?p=593 Join Vee Khuu and Jerome Myers as they talk about his experience with getting into real estate as he left corporate America. Jerome is the kind of investor that likes to give opportunities to others. He gives his take on expensive coaching programs in the space and his love for joint ventures. There is a...

The post EP 32: Jerome Myers – Exit The Matrix appeared first on Real Estate Lab .

]]> Join Vee Khuu and Jerome Myers as they talk about his experience with getting into real estate as he left corporate America. Jerome is the kind of investor that likes to give opportunities to others. He gives his take on expensive coaching programs in the space and his love for joint ventures. There is a lot of value to experience and using it to drive growth for your business, rather than paying for courses with promises that are too good to be true. Stay tuned, and enjoy the podcast!

Learn how you can get your feet wet in real estate through the Myers Method! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

The Myers Method to Real Estate Education

While Jerome does believe that nobody gets into the business for free, he doesn’t think that you have to spend $30K to $50K just to be in a mentorship program. Especially when the backside promise is you’re going to kill Moby Dick on your first deal. The Myers Method goal is to take down something about half a million to 1.5 million, partner with family, friends, and somebody that has experience. By going through that, you’re going to get some momentum. That’s the Law of the First Deal. Once you get it, the experience box gets checked by the bank by signing the loan; you can start talking to brokers and make arrangments with other investors to build up your ability to raise capital.

There are four challenges that every investor is working through: their knowledge, lead flow, experience, and capital. You have to solve each of those problems in order. If you don’t have the knowledge, then you can’t analyze a deal because you don’t know what the market looks like, and what a reasonable property looks like. After that, you need to use that knowledge to get leads and then use experience so you can buy those leads. Banks are not going to sign if you don’t have experience. Lastly, when everything comes together, capital follows.

“The idea that you don’t need to make any investment in education to do this businesses kind of naive…” – Jerome Myers. Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Joint Ventures Versus Syndications: A Helping Perspective

For Jerome, the best way to open doors for other people who grew up like him, that didn’t know you could buy apartment buildings, is through joint ventures. With joint ventures, you get to have business owners and high net worth individuals coming over for dinner and talk about entrepreneurship around the table. There’s a particular community created among people with the same values. With syndication, it’s a little cold, in a sense. You have somebody that talks to through your website, wire money into your deal, without having a voice in it. Jerome believes that partners should get the experience of being a business owner and having a voice, especially if they want to be operators in the future.

“If you have ambitions of being an operator… but a passive investor for the next five years… you’re not going to get the experience you need in order to be operator…’” – Jerome Myers. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Jerome Myers:

Jerome Myers leads The Myers Development Group, LLC, which focuses on buying broken apartment building businesses and using innovative thinking and solid execution strategies to optimize the operational efficiency of the business.  Currently, Mr. Myers is asset manager for approximately 90 units and 90,000 square feet of workforce housing across Virginia and North Carolina and on a mission to hold 1,000 doors by the end of 2028.  When not actively working on his personal portfolio he coaches other real estate investors on the Myers Methods of Multifamily Investing.  Outside of real estate Jerome hosts the DreamCatchers and Myers Methods presents Multifamily Missteps Podcast, volunteers on STEM (science, technology, engineering and math) boards and enjoys traveling internationally.

Outline of the Episode:

  • [02:51] College football, being a free safety, and meeting Rob Smith.
  • [04:01] Wanting to be a fighter jet pilot, but ended up choosing between civil engineering and psychology.
  • [06:25] Deciding to start in real estate after fulfilling someone else’s dream. At some point in life, you don’t have to ask for permission anymore!
  • [08:00] Writing his book, The Politics of Marriage. What was the reason behind it?
  • [12:47] On real estate education: everybody does not agree, everyone has their own opinions, and the lack of cohesive foundational knowledge. How can we fill that gap?
  • [14:23] An overview of the Myers Method compared to expensive courses.
  • [23:55] Why does Jerome like joint ventures over syndications?
  • [26:21] Getting educated, gaining experience, and looking for deals as a joint venture partner.
  • [27:55] The qualifications sought for in a joint venture partner, Jerome’s vetting process, making sure that values are aligned, and that partners are willing to do real work.
  • [32:06] Preventing people from not pulling their weight through operating agreements.
  • [33:52] Who are the ideal clients for his coaching program? You don’t have to spend more than $15K to get real estate education!
  • [40:11] Doing things the same way even with COVID-19.
  • [43:30] Translating the hustle from football to real life. There is great value with the extraordinary effort that goes until the end regardless of what the scoreboard says
  • [45:52] The need to spend time to build infrastructure to raise capital to do deals
  • [47:17] It’s time to exit the Matrix! There’s no turning back.

Guest’s contact:

Connect with Vee Khuu!

The post EP 32: Jerome Myers – Exit The Matrix appeared first on Real Estate Lab .

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Join Vee Khuu and Jerome Myers as they talk about his experience with getting into real estate as he left corporate America. Jerome is the kind of investor that likes to give opportunities to others. He gives his take on expensive coaching programs in ... Join Vee Khuu and Jerome Myers as they talk about his experience with getting into real estate as he left corporate America. Jerome is the kind of investor that likes to give opportunities to others. He gives his take on expensive coaching programs in the space and his love for joint ventures. There is a lot of value to experience and using it to drive growth for your business, rather than paying for courses with promises that are too good to be true. Stay tuned, and enjoy the podcast!



Learn how you can get your feet wet in real estate through the Myers Method! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast







The Myers Method to Real Estate Education



While Jerome does believe that nobody gets into the business for free, he doesn’t think that you have to spend $30K to $50K just to be in a mentorship program. Especially when the backside promise is you’re going to kill Moby Dick on your first deal. The Myers Method goal is to take down something about half a million to 1.5 million, partner with family, friends, and somebody that has experience. By going through that, you’re going to get some momentum. That’s the Law of the First Deal. Once you get it, the experience box gets checked by the bank by signing the loan; you can start talking to brokers and make arrangments with other investors to build up your ability to raise capital.



There are four challenges that every investor is working through: their knowledge, lead flow, experience, and capital. You have to solve each of those problems in order. If you don’t have the knowledge, then you can’t analyze a deal because you don’t know what the market looks like, and what a reasonable property looks like. After that, you need to use that knowledge to get leads and then use experience so you can buy those leads. Banks are not going to sign if you don’t have experience. Lastly, when everything comes together, capital follows.



“The idea that you don’t need to make any investment in education to do this businesses kind of naive…” – Jerome Myers. Get the full interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



Joint Ventures Versus Syndications: A Helping Perspective



For Jerome, the best way to open doors for other people who grew up like him, that didn’t know you could buy apartment buildings, is through joint ventures. With joint ventures, you get to have business owners and high net worth individuals coming over for dinner and talk about entrepreneurship around the table. There’s a particular community created among people with the same values. With syndication, it’s a little cold, in a sense. You have somebody that talks to through your website, wire money into your deal, without having a voice in it. Jerome believes that partners should get the experience of being a business owner and having a voice, especially if they want to be operators in the future.



“If you have ambitions of being an operator… but a passive investor for the next five years… you’re not going to get the experience you need in order to be operator…’” – Jerome Myers. Catch the latest episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



About Jerome Myers:



Jerome Myers leads The Myers Development Group, LLC, which focuses on buying broken apartment building businesses and using innovative thinking and solid execution strategies to optimize the operational efficiency of the business.]]>
Vee Khuu 48:51
EP 31: Kyle Marcotte – Don’t Just Sit There! How He Built A $5.5M Portfolio at 21 https://realestatelab.live/ep-31-kyle-marcotte-dont-just-sit-there-how-he-built-a-5-5m-portfolio-at-21/ Mon, 01 Jun 2020 06:00:00 +0000 https://realestatelab.live/?p=590 Join Vee Khuu (Real Estate Lab Podcast) and Kyle Marcotte as they talk about building a $5.5 million portfolio at the age of 21. Kyle figured out his way of doing things in real estate at a young age, and he shares some of the lessons he’s learned as he grew in the space. He...

The post EP 31: Kyle Marcotte – Don’t Just Sit There! How He Built A $5.5M Portfolio at 21 appeared first on Real Estate Lab .

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Join Vee Khuu (Real Estate Lab Podcast) and Kyle Marcotte as they talk about building a $5.5 million portfolio at the age of 21. Kyle figured out his way of doing things in real estate at a young age, and he shares some of the lessons he’s learned as he grew in the space. He gets into how he got into real estate as a 19-year-old, the objections faced when raising capital, and his limiting beliefs. You don’t want to miss this!

Learn how Kyle Marcotte grew a $5.5 million portfolio at 21! – Listen to the show now on the Real Estate Lab Podcast! https://realestatelab.live/

The Struggles of a Young Real Estate Investor

Kyle Marcotte was eager to get into real estate after discovering that the corporate life was not for him. Through a multitude of podcasts and books, he started to pick up on the basics and soon planned to hop on local meetups. At 19 years old, even if he didn’t look the part, he had to at least know what he was talking about if he wanted to get around. He slowly worked his way up into a meeting, knowing the meetup sponsor, scheduling guests, until he found a spot for himself on the speaker lineup!

Because of his youth, there were some objections that he had to deal with when he was raising capital. Have you done this before? Why would I trust you? I should just wait five years, then try you out when you have the experience under your belt. This didn’t stop him. Kyle knew how to answer these questions. He faced them with his authenticity and accepted that he doesn’t have the experience yet, but promised to work harder than anyone else as they take a huge leap of faith in him, like he made when he left behind a promising medical career. His confidence allowed him to get the trust of the people who didn’t want to miss the boat.

Who knows in five years, with the trend that I’m on… it gets too exclusive… and you missed the boat. – Kyle Marcotte. Catch the interview on the Real Estate Lab Podcast! https://realestatelab.live/

No Need for A Cool Backstory

Everyone has limiting beliefs, especially for people that try to do anything outside their comfort zone. For Kyle, he thought that he wasn’t the kind of person that deserved this level of success. When he looked at people like Gary Vee and Tony Robbins, he believed that they were “born that way,” as if they were exceptional people. But Kyle grew out of that belief. “No one is special. It’s all earned.” Just like these other people, you just need to put the work over time and have discipline. You can build on any foundation, even if you’re not born into a certain family, have a cool backstory, or have grand adversities to overcome. As he continued to develop his foundation, Kyle has created a mentorship program where he now helps others get over their limiting beliefs.

You don’t have to be born to a certain family, with a cool backstory, or some awesome adversity that you can spin in a great story… – Kyle Marcotte. Catch him on this episode from the Real Estate Lab Podcast! https://realestatelab.live/

About Kyle Marcotte:

Kyle Marcotte is a 21-year-old multifamily syndicator. While still a student-athlete at UC Davis, Kyle was able to syndicate two multifamily apartment buildings. These two deals totaled 119 units and are valued at over 5.5 million dollars.

Outline of the Episode:

  • [03:30] Kyle’s favorite striker in soccer.
  • [04:11] How he decided that real estate was the best route for him as a sophomore at UC Davis.
  • [06:39] His process of educating himself first through books and podcasts before going to local meetups.
  • [08:40] Understanding the whole picture first before learning in detail. Everything in real estate is interrelated!
  • [09:46] The details of his first meetup and meeting Neil Bow as he was on his way to stardom in the real estate space.
  • [11:08] Being able to raise capital through finding partners and private equity at 20 years of age.
  • [12:53] Common objections that people say to a 20-year-old real estate investor and the hardest opposition. Never underestimate the power of authenticity and confidence!
  • [18:05] Limiting beliefs and his inspiration for defeating these thoughts.
  • [21:20] Having people that helped in key life moments and the effects of third party validation.
  • [22:25] Kyle’s mentorship program. Helping young people find what they really want in life through financial education.
  • [24:43] The costs and the things to expect from the program. How many clients does he manage?
  • [28:07] Internal and external metrics to look for on deals.
  • [30:24] Defining conservative underwriting at this time of uncertainty.
  • [33:06] The lesson he learned from sports that transferred to real estate: focusing on helping. Life is not about you; it’s service rather than significance!
  • [35:05] Biggest challenge: staying inside all day as an extremely active person.
  • [35:57] Kyle’s superpower of connecting emotionally.

Resources:

Connect with Vee Khuu!

The post EP 31: Kyle Marcotte – Don’t Just Sit There! How He Built A $5.5M Portfolio at 21 appeared first on Real Estate Lab .

]]>
Join Vee Khuu (Real Estate Lab Podcast) and Kyle Marcotte as they talk about building a $5.5 million portfolio at the age of 21. Kyle figured out his way of doing things in real estate at a young age, and he shares some of the lessons he’s learned as h... Join Vee Khuu (Real Estate Lab Podcast) and Kyle Marcotte as they talk about building a $5.5 million portfolio at the age of 21. Kyle figured out his way of doing things in real estate at a young age, and he shares some of the lessons he’s learned as he grew in the space. He gets into how he got into real estate as a 19-year-old, the objections faced when raising capital, and his limiting beliefs. You don’t want to miss this!







Learn how Kyle Marcotte grew a $5.5 million portfolio at 21! – Listen to the show now on the Real Estate Lab Podcast! https://realestatelab.live/



The Struggles of a Young Real Estate Investor



Kyle Marcotte was eager to get into real estate after discovering that the corporate life was not for him. Through a multitude of podcasts and books, he started to pick up on the basics and soon planned to hop on local meetups. At 19 years old, even if he didn’t look the part, he had to at least know what he was talking about if he wanted to get around. He slowly worked his way up into a meeting, knowing the meetup sponsor, scheduling guests, until he found a spot for himself on the speaker lineup!



Because of his youth, there were some objections that he had to deal with when he was raising capital. Have you done this before? Why would I trust you? I should just wait five years, then try you out when you have the experience under your belt. This didn’t stop him. Kyle knew how to answer these questions. He faced them with his authenticity and accepted that he doesn’t have the experience yet, but promised to work harder than anyone else as they take a huge leap of faith in him, like he made when he left behind a promising medical career. His confidence allowed him to get the trust of the people who didn’t want to miss the boat.



Who knows in five years, with the trend that I’m on… it gets too exclusive… and you missed the boat. – Kyle Marcotte. Catch the interview on the Real Estate Lab Podcast! https://realestatelab.live/



No Need for A Cool Backstory



Everyone has limiting beliefs, especially for people that try to do anything outside their comfort zone. For Kyle, he thought that he wasn’t the kind of person that deserved this level of success. When he looked at people like Gary Vee and Tony Robbins, he believed that they were “born that way,” as if they were exceptional people. But Kyle grew out of that belief. “No one is special. It’s all earned.” Just like these other people, you just need to put the work over time and have discipline. You can build on any foundation, even if you’re not born into a certain family, have a cool backstory, or have grand adversities to overcome. As he continued to develop his foundation, Kyle has created a mentorship program where he now helps others get over their limiting beliefs.



You don’t have to be born to a certain family, with a cool backstory, or some awesome adversity that you can spin in a great story… – Kyle Marcotte. Catch him on this episode from the Real Estate Lab Podcast! https://realestatelab.live/



About Kyle Marcotte:



Kyle Marcotte is a 21-year-old multifamily syndicator. While still a student-athlete at UC Davis, Kyle was able to syndicate two multifamily apartment buildings. These two deals totaled 119 units and are valued at over 5.5 million dollars.



Outline of the Episode:



* [03:30] Kyle’s favorite striker in soccer.* [04:11] How he decided that real estate was the best route for him as a sophomore at UC Davis.* [06:39] His process of educating himself first through books and podcasts before...]]>
Vee Khuu 37:40
EP 30: Madison 1031 – The Secrets of 1031 Exchanges https://realestatelab.live/ep-30-madison-1031-the-secrets-of-1031-exchanges/ Tue, 26 May 2020 12:24:59 +0000 https://realestatelab.live/?p=584 Join Vee Khuu (Real Estate Lab Podcast), Michael Brady, and Alex Shandrovsky’s (Madison 1031) discussion about Qualified Intermediaries and 1031 Exchanges. Madison 1031 is a widely-respected company in the real estate industry with many years of experience. They talk about different kinds of exchanges and the differences between a 1031 Exchange and opportunity zones. Can...

The post EP 30: Madison 1031 – The Secrets of 1031 Exchanges appeared first on Real Estate Lab .

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Join Vee Khuu (Real Estate Lab Podcast), Michael Brady, and Alex Shandrovsky’s (Madison 1031) discussion about Qualified Intermediaries and 1031 Exchanges. Madison 1031 is a widely-respected company in the real estate industry with many years of experience. They talk about different kinds of exchanges and the differences between a 1031 Exchange and opportunity zones. Can it be used for syndication? What if someone leaves the partnership? When should I NOT go for a 1031 Exchange? These are some of the questions that Michael and Alex answer on the show. Stay tuned, and enjoy!

Learn how Michael Brady and Alex Shandrovsky defer taxes in real estate through a 1031 Exchange! – Listen to the show now on the Real Estate Lab Podcast! https://realestatelab.live/

What is a 1031 Exchange, and What Kinds of Exchanges are There?

For people new to real estate, a 1031 Exchange is an essential thing to know. A 1031 Exchange is one of the ways a real estate investor can defer taxes on capital gains on sold properties by investing in certain types of properties. In other words, one exchanges one property for another so that any gains may defer taxes. There are different types of these, the most typical one of which is a (1) forward exchange, where you sell first, and then purchase your replacement property after. There is a rare one called a (2) swap transaction, where you’re merely trading deeds with another. You can also buy first and sell later, a (3) reverse transaction, a somewhat complex structure commonly dealt with by Madison 1031. The last thing discussed in the show is a (4) construction or improvement exchange, which is like a forward exchange, but the property bought has to be improved with the proceeds from your sale.

What are the different kinds of a 1031 Exchange? Catch the interview on the Real Estate Lab Podcast! https://realestatelab.live/

The Differences with Opportunity Zones

For Michael and Alex, just for the record, 1031 exchanges are better than opportunity zones. With opportunity zones, you have to take capital gain from any asset and invest it in an opportunity zone fund, which will then invest in a qualified opportunity zone, a lower-income community. The downside that most don’t realize is that while you get to invest your capital gain, you do have to pay taxes on that in 2026. One reason why opportunity zones are not for everybody is (1) you’ll be investing in zones that are not established. They don’t necessarily have an excellent investment track record to begin with, and you’ll just be hoping that the properties will be valuable over time. Another is that (2) the time it takes for you to get the full benefit is ten years, where any appreciation over your initial investment will be tax-free. One other big thing, especially if you’re a passive investor, is (3) you can only buy actively managed properties, and (4) it has to be substantially improved for more than the purchase price within 30 months after getting it. There are many more specifics discussed in the episode, so head on over to the Real Estate Lab Podcast!

Looking to see the differences of a 1031 Exchange and opportunity zone funds? Catch Michael Brady and Alex Shandrovsky on this episode from the Real Estate Lab Podcast! https://realestatelab.live/

About Michael S. Brady:

Michael S. Brady, Esq. is Executive Vice President for Madison 1031 Exchange, a national Qualified Intermediary for tax-deferred Exchanges pursuant to Internal Revenue Code §1031. As a Certified Exchange Specialist® and an attorney, his responsibilities include consulting with clients and their advisors on the regulations affecting §1031 Exchanges, as well as giving seminars for attorneys, accountants, and real estate professionals, and publishing articles on tax and legal issues.

Prior to joining Madison 1031, Mr. Brady was Vice President of Eastern Operations for Asset Preservation, Inc., the §1031 Exchange qualified intermediary subsidiary of Stewart Title Insurance Company, where he managed sales and operations staff handling several thousand transactions annually. During his career, he has headed up two other §1031 Exchange companies and has acted as general counsel for a title insurance company. As an attorney, Mr. Brady has over 20 years’ experience representing clients in commercial and residential real estate transactions, as well as a wide variety of business transactions and commercial litigation matters.

Mr. Brady received a Bachelor of Arts degree from Binghamton University, and earned his Juris Doctorate from New York Law School, where he was a member of the Law Review and graduated Cum Laude.

About Alex Shandrovsky:

I’ve been interviewed on numerous leading real estate podcasts. Over the last 20 years, Madison 1031 has facilitated over 28,000 successful Exchanges, involving Billions of dollars

As Business Director for Madison 1031, I provide you with expert, lawyer and CPA-approved 1031 Exchanges. 1031 Exchange is an IRS-approved process for reinvesting the sale of appreciated investment property and deferring capital gains taxes.

Our in-house team of lawyers and accountants combine tax and law strategies to analyze and scenario and make sure you can gain the benefits of a 1031 Exchange.

We always perform a no-cost feasibility analysis on your property to demonstrate the financial benefit, on a year-by-year basis, of having such a study performed vs. not performing the study.

Which types of properties can benefit? Multifamily, Office, Retail, Mixed-use, Hotels, Golf Courses, Mobile-home parks, Shopping centers, Restaurants, Skilled Nursing Facilities, Industrial, Flex, Banks, Self-storage. Did I leave anything out? If I did, it can probably benefit too! In short…ALL types of properties

Outline of the Episode:

  • [04:10] Michael Brady: the 1031 King, or the Earl of 1031?
  • [05:48] Qualified Intermediaries and the different kinds of exchanges.
  • [10:00] What happens if your loan is still in place after selling your property? Do you pay off the loan? Does the QI jump in?
  • [11:45] Can you buy a piece of land and do a new bill construction with a 1031 Exchange?
  • [15:30] The difference of opportunity zones with 1031 exchanges. Why is the latter better?
  • [22:05] Can you exchange cryptocurrency into opportunity funds?
  • [23:10] Using 1031 for syndication and how complex it could get. What does it take to leave the syndicate? What if my business partner wants to retire?
  • [29:10] Case scenario of an inherited property gone wrong. Make sure you do your research!
  • [38:23] Creative strategies around 1031. What safety net could you set up if your 1031 exchange fails? The relationship between 121 exclusions and 1031 exchanges.
  • [42:40] If you swap just right before you drop, can you move into that property?
  • [43:44] What does Madison 1031 do with the money deposited? Spend time in Vegas?
  • [47:00] Bad recommendations from the industry. Is it always good to do a 1031 Exchange?

Resources:

Connect with Vee Khuu!

The post EP 30: Madison 1031 – The Secrets of 1031 Exchanges appeared first on Real Estate Lab .

]]>
Join Vee Khuu (Real Estate Lab Podcast), Michael Brady, and Alex Shandrovsky’s (Madison 1031) discussion about Qualified Intermediaries and 1031 Exchanges. Madison 1031 is a widely-respected company in the real estate industry with many years of experi... Join Vee Khuu (Real Estate Lab Podcast), Michael Brady, and Alex Shandrovsky’s (Madison 1031) discussion about Qualified Intermediaries and 1031 Exchanges. Madison 1031 is a widely-respected company in the real estate industry with many years of experience. They talk about different kinds of exchanges and the differences between a 1031 Exchange and opportunity zones. Can it be used for syndication? What if someone leaves the partnership? When should I NOT go for a 1031 Exchange? These are some of the questions that Michael and Alex answer on the show. Stay tuned, and enjoy!



Learn how Michael Brady and Alex Shandrovsky defer taxes in real estate through a 1031 Exchange! – Listen to the show now on the Real Estate Lab Podcast! https://realestatelab.live/







What is a 1031 Exchange, and What Kinds of Exchanges are There?



For people new to real estate, a 1031 Exchange is an essential thing to know. A 1031 Exchange is one of the ways a real estate investor can defer taxes on capital gains on sold properties by investing in certain types of properties. In other words, one exchanges one property for another so that any gains may defer taxes. There are different types of these, the most typical one of which is a (1) forward exchange, where you sell first, and then purchase your replacement property after. There is a rare one called a (2) swap transaction, where you’re merely trading deeds with another. You can also buy first and sell later, a (3) reverse transaction, a somewhat complex structure commonly dealt with by Madison 1031. The last thing discussed in the show is a (4) construction or improvement exchange, which is like a forward exchange, but the property bought has to be improved with the proceeds from your sale.



What are the different kinds of a 1031 Exchange? Catch the interview on the Real Estate Lab Podcast! https://realestatelab.live/



The Differences with Opportunity Zones



For Michael and Alex, just for the record, 1031 exchanges are better than opportunity zones. With opportunity zones, you have to take capital gain from any asset and invest it in an opportunity zone fund, which will then invest in a qualified opportunity zone, a lower-income community. The downside that most don’t realize is that while you get to invest your capital gain, you do have to pay taxes on that in 2026. One reason why opportunity zones are not for everybody is (1) you’ll be investing in zones that are not established. They don’t necessarily have an excellent investment track record to begin with, and you’ll just be hoping that the properties will be valuable over time. Another is that (2) the time it takes for you to get the full benefit is ten years, where any appreciation over your initial investment will be tax-free. One other big thing, especially if you’re a passive investor, is (3) you can only buy actively managed properties, and (4) it has to be substantially improved for more than the purchase price within 30 months after getting it. There are many more specifics discussed in the episode, so head on over to the Real Estate Lab Podcast!



Looking to see the differences of a 1031 Exchange and opportunity zone funds? Catch Michael Brady and Alex Shandrovsky on this episode from the Real Estate Lab Podcast! https://realestatelab.live/



About Michael S. Brady:



Michael S. Brady, Esq. is Executive Vice President for Madison 1031 Exchange, a national Qualified Intermediary for tax-deferred Exchanges pursuant to Internal Revenue Code §1031.]]>
Vee Khuu 49:14
EP 29: Dave Mason – Before You Skip Financial Education, Listen To This! https://realestatelab.live/ep-29-dave-mason-before-you-skip-financial-education-listen-to-this/ https://realestatelab.live/ep-29-dave-mason-before-you-skip-financial-education-listen-to-this/#respond Mon, 18 May 2020 06:00:00 +0000 https://realestatelab.live/?p=580 Join Vee Khuu (Real Estate Lab Podcast) and Dave Mason as they talk about learning to manage finances. Dave is not a real estate investor, but he’s someone who knows his way around money by learning everything himself! He shares the story of the creation of his book, The Cash Machine, and how it can...

The post EP 29: Dave Mason – Before You Skip Financial Education, Listen To This! appeared first on Real Estate Lab .

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Join Vee Khuu (Real Estate Lab Podcast) and Dave Mason as they talk about learning to manage finances. Dave is not a real estate investor, but he’s someone who knows his way around money by learning everything himself! He shares the story of the creation of his book, The Cash Machine, and how it can help people understand their financial situation better through a fresh and relatable perspective.

Learn how Dave Mason got financially literate! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

The Book

While most nonfiction books on finances go through strategies on how to get more money, in The Cash Machine, Dave touches on the emotional side of finances. Throughout the love story of the main characters Amber and Dylan, you will be exposed to so many different areas surrounding financial freedom. It won’t make you financially literate just on its own, but the book will allow you to discuss money issues, learn about financial matters, and make better business decisions because you know they also did it in the story. You’d be surprised to see the differences between someone driving new cars and a “bum” wearing dirty clothes living in a little basement apartment!

“…The reason why people are not comfortable talking about money [is because] they don’t even know what to talk about.” – Dave Mason. Catch the interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

Behind the Writing of the Novel: The Adventure Towards Financial Freedom

Dave was working as an attorney in Israel when he realized that he didn’t want to become like those people he served. As a single man, he didn’t mind working crazy hours on a case, but as he matured to become someone who wanted to build a family, he wanted to spend time on things that were more meaningful to him. He wanted to explore his religion, know himself more, and see his family often, which a lot of attorneys didn’t have the luxury of doing. So, he decided to create a business that fits his schedule rather than being an employee for an organization working 60-hour weeks.

It was great to earn as much money as he needed, but when his business had excess profits, he was very uncomfortable and didn’t know what to do with it. At that time, Dave still hadn’t known how to establish a strong financial foundation by investing in profitable avenues. Because he felt guilty and greedy, he decided to help others by employing a lot more people than he should have. Due to his poor judgment, the company went from being profitable to losing money in a very short time. But of course, the story doesn’t end there. Listen to the podcast to learn what change happened to Dave that allowed him to get back up!

“I looked at the lives of the attorneys I worked under, and I said to myself, ‘I don’t want that to become me.’” – Dave Mason. Catch Whitney on this episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Dave and Chana Mason:

Dave and Chana define their mission as “Learn, Grow, Teach.”

Unlike other authors who set out to write money books, Dave and Chana were not financial experts. They wrote The Cash Machine primarily for themselves, because they needed to learn how to deal with their own financial struggles.

Outline of the Episode:

  • [03:08] Introduction: working as a personal assistant to the Interpol Secretary-General
  • [05:47] Finding time to do fascinating things after being a litigator. He traveled over 20 countries!
  • [07:45] Selling cabinet hardware online, earning as much money as needed, then earning way more than needed.
  • [10:45] The difference between conscious and subconscious thinking. Justifying things consciously but still making dumb decisions.
  • [12:50] An epiphany about financial difficulty, understanding stuff on his own, and researching everything from credit cards to real estate.
  • [19:59] His mistake of sinking a ton of cash into renovating his house and ended up losing it just to pay back his debt to his parents.
  • [21:05] The main characters in his book The Money Machine, the college drop-out, the one who looked for a well-paying career, and the woman who dated the former but acts like the latter!
  • [27:17] The inspiration behind his book. A discussion on assets and liabilities.
  • [29:00] Yona Weiss and how Dave learned depreciation from him.
  • [32:30] The other character in the story who had an agenda against the IRS!
  • [36:29] How to use the tax code to your benefit and differences between index funds and mutual funds.
  • [42:52] Is there a way to avoid taxes in the United States?
  • [43:54] His goals for the book. Getting others financially literate, asking the right questions, and being exposed to financial matters.
  • [47:23] Doing better financially, but not spending more money.
  • [50:15] Be a tail to lions rather than a head to foxes.

Resources:

Connect with Vee Khuu!

The post EP 29: Dave Mason – Before You Skip Financial Education, Listen To This! appeared first on Real Estate Lab .

]]>
https://realestatelab.live/ep-29-dave-mason-before-you-skip-financial-education-listen-to-this/feed/ 0 Join Vee Khuu (Real Estate Lab Podcast) and Dave Mason as they talk about learning to manage finances. Dave is not a real estate investor, but he’s someone who knows his way around money by learning everything himself! Join Vee Khuu (Real Estate Lab Podcast) and Dave Mason as they talk about learning to manage finances. Dave is not a real estate investor, but he’s someone who knows his way around money by learning everything himself! He shares the story of the creation of his book, The Cash Machine, and how it can help people understand their financial situation better through a fresh and relatable perspective.







Learn how Dave Mason got financially literate! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



The Book



While most nonfiction books on finances go through strategies on how to get more money, in The Cash Machine, Dave touches on the emotional side of finances. Throughout the love story of the main characters Amber and Dylan, you will be exposed to so many different areas surrounding financial freedom. It won’t make you financially literate just on its own, but the book will allow you to discuss money issues, learn about financial matters, and make better business decisions because you know they also did it in the story. You’d be surprised to see the differences between someone driving new cars and a “bum” wearing dirty clothes living in a little basement apartment!



“…The reason why people are not comfortable talking about money [is because] they don’t even know what to talk about.” – Dave Mason. Catch the interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



Behind the Writing of the Novel: The Adventure Towards Financial Freedom



Dave was working as an attorney in Israel when he realized that he didn’t want to become like those people he served. As a single man, he didn’t mind working crazy hours on a case, but as he matured to become someone who wanted to build a family, he wanted to spend time on things that were more meaningful to him. He wanted to explore his religion, know himself more, and see his family often, which a lot of attorneys didn’t have the luxury of doing. So, he decided to create a business that fits his schedule rather than being an employee for an organization working 60-hour weeks.



It was great to earn as much money as he needed, but when his business had excess profits, he was very uncomfortable and didn’t know what to do with it. At that time, Dave still hadn’t known how to establish a strong financial foundation by investing in profitable avenues. Because he felt guilty and greedy, he decided to help others by employing a lot more people than he should have. Due to his poor judgment, the company went from being profitable to losing money in a very short time. But of course, the story doesn’t end there. Listen to the podcast to learn what change happened to Dave that allowed him to get back up!



“I looked at the lives of the attorneys I worked under, and I said to myself, ‘I don’t want that to become me.’” – Dave Mason. Catch Whitney on this episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



About Dave and Chana Mason:



Dave and Chana define their mission as “Learn, Grow, Teach.”



Unlike other authors who set out to write money books, Dave and Chana were not financial experts. They wrote The Cash Machine primarily for themselves, because they needed to learn how to deal with their own financial struggles.



Outline of the Episode:



* [03:08] Introduction: working as a personal assistant to the Interpol Secretary-General* [05...]]>
Vee Khuu 54:06
EP 28: Whitney Sewell – Things Every Apartment Syndicator Must Know https://realestatelab.live/ep-28-whitney-sewell/ https://realestatelab.live/ep-28-whitney-sewell/#respond Mon, 11 May 2020 06:00:00 +0000 https://realestatelab.live/?p=577 Join Vee Khuu (Real Estate Lab Podcast) and Whitney Sewell (Life Bridge Capital) as they chat about syndication and his experience growing his podcast. Life Bridge Capital is a syndicated multifamily investment firm that offers exceptional returns through real estate investment opportunities. They get into the things one should know about syndication and how he...

The post EP 28: Whitney Sewell – Things Every Apartment Syndicator Must Know appeared first on Real Estate Lab .

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Join Vee Khuu (Real Estate Lab Podcast) and Whitney Sewell (Life Bridge Capital) as they chat about syndication and his experience growing his podcast. Life Bridge Capital is a syndicated multifamily investment firm that offers exceptional returns through real estate investment opportunities. They get into the things one should know about syndication and how he was able to do daily podcasts. Stay tuned, and enjoy the podcast!

Learn about real estate syndication with Whitney Sewell! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

What Should You Know About Real Estate Syndication?

There are various things that one should know about real estate syndication that Whitney learned the hard way. One mistake he made early was trusting his realtor too much. Not all realtors are on your side and care deeply about your investments. Another thing to remember is that a good mentor is always worth it. Someone looking over your shoulder can really help you identify where you should improve and give you confidence in making decisions. Next, always conduct your due diligence. Before making any investment, partnership, or even taking mentorship, you have to do your research! Have these people done deals in the asset class you’re looking to invest in? For mentors, do their long-time mentees now have successful careers? Don’t risk your money with a stranger just because they showed you a good deal. Learn to build and nurture relationships first!

“I want to make sure you know those things before we ever enter into that relationship.” – Whitney Sewell. Catch Whitney on this episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

The Struggles, Systems, and Success of A Daily Podcast

Starting a daily podcast was not easy for Whitney, but it has expanded his network significantly. He chose to do it daily because no one was willing to do it. In the beginning, he had four virtual assistants that composed an audio editor, a video editor, someone that finds guests, and an executive assistant that manages all the tasks. Even before they launched, in preparation for any hiccups, there were almost 60 shows recorded! He later hired a production company, with his executive assistant ultimately handling the production of the show. In just one and a half years, he has connected with over 500 experts in the business! The podcast has enabled Whitney to be on other podcasts (like the Real Estate Lab Podcast) and has taken him to many stages as well. Because of the exposure, he has also been able to connect with passive investors and partners.

If you want to hear the full story, including Whitney’s touching mission of helping others, head on over to the podcast!

“That’s why you have to do it because nobody else is willing to do it.” Catch the interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast

About Whitney Sewell:

Life Bridge Capital, LLC is owned and operated by Whitney Sewell, a real estate investor who began his real estate investing career back in 2009. We now have 450 doors under management valued at approximately $50 million. The company works with investors, helping them improve their investment returns via the exceptional opportunities that multifamily syndication offers. Whitney has always had a passion for both real estate and helping others, and Life Bridge Capital LLC affords him the opportunity to do both, while also funding a very important cause that has become deeply personal.

Outline of the Episode:

  • [03:15] Introduction: vaulting and riding horses
  • [04:05] What was so interesting about real estate that made Whitney go to a Rich Dad, Poor Dad training?
  • [04:55] Is trusting your realtor too much a mistake? Don’t they care about my investments?
  • [07:40] How he got into his first deal through syndication
  • [09:40] Who Whitney’s first mentor was
  • [11:00] As a passive investor, do you vet the operator or the deal itself?
  • [11:35] Qualities to look for in an operator. Make sure to build relationships first!
  • [13:45] Waterfall structures and preferred returns
  • [18:20] A three to five-month booking process for a 20-minute call
  • [19:52] Anyone who wants to invest in real estate is an ideal investor! It’s all about trust and understanding the risks.
  • [21:35] Underestimating the level of commitment for his whole family going into syndication
  • [23:50] Daily podcasts, the amount of work involved, growing his network, building a team, being able to stand on other stages
  • [29:30] Helping families and adopting three children
  • [32:30] The benefits of a “never give up” mentality

Resources:

Connect with Vee Khuu, me 🙂

The post EP 28: Whitney Sewell – Things Every Apartment Syndicator Must Know appeared first on Real Estate Lab .

]]>
https://realestatelab.live/ep-28-whitney-sewell/feed/ 0 Join Vee Khuu (Real Estate Lab Podcast) and Whitney Sewell (Life Bridge Capital) as they chat about syndication and his experience growing his podcast. Life Bridge Capital is a syndicated multifamily investment firm that offers exceptional returns thro... Join Vee Khuu (Real Estate Lab Podcast) and Whitney Sewell (Life Bridge Capital) as they chat about syndication and his experience growing his podcast. Life Bridge Capital is a syndicated multifamily investment firm that offers exceptional returns through real estate investment opportunities. They get into the things one should know about syndication and how he was able to do daily podcasts. Stay tuned, and enjoy the podcast!







Learn about real estate syndication with Whitney Sewell! – Listen to the show now on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



What Should You Know About Real Estate Syndication?



There are various things that one should know about real estate syndication that Whitney learned the hard way. One mistake he made early was trusting his realtor too much. Not all realtors are on your side and care deeply about your investments. Another thing to remember is that a good mentor is always worth it. Someone looking over your shoulder can really help you identify where you should improve and give you confidence in making decisions. Next, always conduct your due diligence. Before making any investment, partnership, or even taking mentorship, you have to do your research! Have these people done deals in the asset class you’re looking to invest in? For mentors, do their long-time mentees now have successful careers? Don’t risk your money with a stranger just because they showed you a good deal. Learn to build and nurture relationships first!



“I want to make sure you know those things before we ever enter into that relationship.” – Whitney Sewell. Catch Whitney on this episode from the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



The Struggles, Systems, and Success of A Daily Podcast



Starting a daily podcast was not easy for Whitney, but it has expanded his network significantly. He chose to do it daily because no one was willing to do it. In the beginning, he had four virtual assistants that composed an audio editor, a video editor, someone that finds guests, and an executive assistant that manages all the tasks. Even before they launched, in preparation for any hiccups, there were almost 60 shows recorded! He later hired a production company, with his executive assistant ultimately handling the production of the show. In just one and a half years, he has connected with over 500 experts in the business! The podcast has enabled Whitney to be on other podcasts (like the Real Estate Lab Podcast) and has taken him to many stages as well. Because of the exposure, he has also been able to connect with passive investors and partners.



If you want to hear the full story, including Whitney’s touching mission of helping others, head on over to the podcast!



“That’s why you have to do it because nobody else is willing to do it.” Catch the interview on the Real Estate Lab Podcast! https://bit.ly/RealEstateLabPodcast



About Whitney Sewell:



Life Bridge Capital, LLC is owned and operated by Whitney Sewell, a real estate investor who began his real estate investing career back in 2009. We now have 450 doors under management valued at approximately $50 million. The company works with investors, helping them improve their investment returns via the exceptional opportunities that multifamily syndication offers. Whitney has always had a passion for both real estate and helping others, and Life Bridge Capital LLC affords him the opportunity to do both, while also funding a very important cause that has become deeply personal.



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Vee Khuu 35:46