Episode 8 is all about the process from starting out to eventually scaling your way up to multiple units. Mike Goldberg is our guest today. Mike is a client of Troy’s who was able to buy 1 condo in California many years ago with $0 down and eventually scale that single condo into a 24 unit apartment complex- all with $0 money out of pocket. Mike has been able to reinvest his principal + profits from each owned rental he has sold and created an impressive amount of passive income all while working a 9-5 job. This episode is for everyone out there who doesn’t know where to start and should serve as proof that just going for it and being discipline can and will create massive results.
Episode 7 is very exciting! We’ve talked about many aspects of investing, but we’ve yet to talk to some of the service providers that make your day to day operations easier. Today, we speak to Ashley Price of Spring Street Properties about property management. Ashley is a property manager in charge and owner of a property management company. She’s quickly grown her business from managing a few doors to well over 100 and she continues to grow. Ashley has a ton of insight about management- including deal analysis, holding costs, tenant screening, etc. In addition to being a PM, she is also an investor herself and brings a ton of knowledge to the table. As an aside, I have many colleagues and clients who use Ashley’s services and they have all been thrilled with her!
This episode is a little different. We don’t have a guest this time. Dan is planning a wedding and Troy was out of town for a wedding, so we’re going solo. We actually plan to do this from time to time. We have an incredible pool of guests to choose from , but small business owners are busy, so there will be schedule conflicts from time to time. We also don’t want to schedule too many guests sequentially that do similar stuff in our industry. So, in this episode, Troy and Dan discuss a 5 unit portfolio of single family homes they’re in the process of purchasing. They current surpass the 1% rule and have a lot of room to improve. This is the type of deal that’s not too terribly hard to find right now (as opposed to small apartments) and there are a lot of financing options for properties like this. All 5 units have been occupied, but require a little tweaking. Fortunately, we were able to leverage the seller to improve the performance of these properties before we even take possession. I think most of our intermediate investors will get a few nuggets from this one!
In Episode 5, we talk to Parker LeClaire about getting started with real estate investing. Parker is a Realtor with TruHome Real Estate. Parker has become a very productive Realtor at a very young age. He comes from a family of investors and agents and is now ready to invest in real estate on his own. He’s had a great experience with a recent AirBNB deal, which we discuss and then talk about his plans for the future.
In Episode 4 of Maven Realty Presents: Charleston Real Estate Investors Podcast, we sit down and chat with Parker Stiles of Barrington Acquisitions about quite a few aspects of real estate investing. Parker is a long time friend and client, so we’re super excited to have him visit us to chat. He just so happened to be in town from Atlanta this week, so we were pleased to pick his brain. Parker wears a lot of hats in the real estate business. He’s able to be very productive in his markets and out of area markets because he has figured out how to systemize his business in order to operate virtually from wherever he chooses. Whether that means living in Colorado briefly, on vacation or back home in Georgia, he’s capable to running a successful wholesaling, rehabbing and buy & hold business thanks to his systems and processes. I think our listeners will really enjoy this one!
In Episode 3, we talk to Rubi Tinoco of MegaFox properties. Rubi is an investor whose primary focus is flips, but she also wholesales frequently and purchases buy and hold properties. Rubi has a construction background, which led her to flipping mobile homes until she had the capital to transition to single families. She consistently has great success with her rehabs and usually has a handful going at any time in various stages of the buy to sell cycle. To find out more about Rubi, please visit www.megafoxproperties.com.