EP30 – What Type of Show Do YOU Want?

Posted on May 24, 2015 by admin

Invest Florida Show is here for its listeners and investors. Our philosophy is centered around education. Each week, our knowledgeable guests discuss topics that help us all learn and grow as successful investors.

We are here to provide YOU with the tools and information needed to make sound, profitable investments in dynamic Florida real estate markets. In an effort to cater more directly to the needs of our audience, we are asking you, our listeners, for feed back! Let us know what your concerns are or if you’d like to hear a topic discussed. Help us build a stronger real estate investment show!

Please take a few moments to visit our website InvestFloridashow.com for a short survey. Thank you and we look forward to hearing from you.

Take our quick survey at our website
Tell us what you want to hear in a real estate investment podcast
Help us expand the reach and effectiveness of our program
Bring in wider variety of guests
All survey participants entered into a drawing for $50 “Amazon” gift card

EP29 – Gavin Welch: 5 Tips on How to Find Off Market Real Estate Deals

Posted on May 18, 2015 by admin

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For those new to investment real estate markets, pulling the trigger on a new potential property can be difficult. It is important to strategize and form a plan for your investments. A thorough plan will provide you with the confidence and knowledge to execute an investment property acquisition. Discovering untapped or overlooked real estate markets can also provide opportunity for investments.

Gavin Welch is real estate agent based out of Lakeland, FL. He has years of experience in finding investment properties as well as managing several of his own. Gavin discusses five helpful tips for scouting these off-market properties and how you can build a successful investment base in these properties.

Gavin can be reached at:

Phone: 863-670-0303

In addition to his own podcast The Real Estate Loop, you can also follow him on Twitter and Facebook.

Obtain evictions list from County Clerk
1. Cross-reference names with Property Appraisers
2. Notify landlord/owner of property interest with hand-written note in mail

Scout absentee owners
1. Absentee owner lists may be purchased or compiled manually
2. Often property is inherited or owner holds little interest

Build a strong referral base
Seek abandoned or neglected properties
1. Burned-out or mold-ridden properties may offer high returns
2. Ask public service workers (garbagemen, mail person) or neighbors for information on properties

Pull code violations from city code enforcement
1. Owner may be eager to sell to cut losses or unable to continue costs of maintenance
2. Code Enforcement Dept. may offer leniency with some violations if issues addressed

Book recommendation – Landlording on Auto-Pilot

Advice – Don’t get emotionally attached to the property you are buying or holding.

Learn what Gavin tells us about finding off market deals!

EP28 – Joryn Jenkins: Learn How to Manage Your Real Estate Risk in Divorce

Posted on May 10, 2015 by admin

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Divorce has a rightfully earned reputation for being an extremely stressful time for two individuals. The dissolution of a relationship can cost both parties involved an enormous amount of strain on an emotional and financial level. What many don’t realize is that professional and commercial investment partnerships can also be affected by divorce. There is a tendency during a dissolution of a relationship to sleight the opposite party or best them in some way. This is an emotional response to the break-up of a partnership and it inevitably leads to years of litigation and divorce proceedings, posing an extraordinary risk to the security of each party’s investments. Real estate represents a major factor that may be at risk in a divorce. It is a complicated issue due to real estate usually holding a high value on paper, but being a tangible asset, it is difficult to liquidate and Equitable Distribution may not make it entirely equal for each party. This can be avoided by exploring an exciting new approach: collaborative divorce.

Joryn Jenkins is a family law attorney with over 35 years of experience as a trial attorney. However, she stepped away from her background in litigation and pioneered the concept of collaborative divorce. As an alternative to conventional divorce proceedings, a collaborative divorce allows both parties to avoid trial and the costs associated with it by removing the courtroom atmosphere and strains of litigation. Open communication between the two parties is emphasized to “produce solutions that meet each parties’ needs” (Joryn Jenkins).

50% marriages end in divorce

Spouse can be greatest investment risk; Equitable Distribution entitles spouse to roughly 1/2 of property and assets

Conventional divorce can be costly and time consuming, taking between 1-3yrs and costing up to $100k in fees for each spouse

Collaborative divorce proceedings take roughly 6 months and costs each party appx. $15k in fees

Collaborative divorce can serve as a safety net for investments and financial future in the event of a dissolution of partnership
Collaborative divorce aims to preserve the assets of each party and to mitigate costs of divorce

You can reach Joryn at http://openpalmlaw.com/

EP27 – Kevin Bupp: Making Money with Mobile Home Parks

Posted on May 3, 2015 by admin

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Mobile Home Investing

It might not be the first asset class people consider when they start to invest in real estate, but there certainly are opportunities. Warren Buffett doesn’t involve Berkshire Hathaway in to businesses without great potential for return. Over 12 million live in mobile homes and post WWII manufactured housing has been the go-to solution for affordable housing. Potential for higher returns, increased tax incentives through deprecation and limited competition from new mobile home park developments are just some of the reasons this asset class should not be overlooked.

Our guest, Kevin Bupp, like many investors, got his start in single family homes, but soon realized that single family home investing did not offer the economies of scale to allow him to reach his lifestyle and financial goals. He saw an opportunity in mobile home parks, which tend to sell at higher CAP rates than apartments. Here are some highlights of our discussion with Kevin:

• Owning the land and not the trailer is the preferred form of ownership, as there is less management involved with the land.
• Management of a park is not that much different than running an apartment building
• Buyer competition is less intense at the moment than apartments, but the inventory is much lower as well
• City utilities is a big plus, as opposed to the park maintaining its own treatment plant or septic. If buying parks with septic, make sure the size is large enough so that you don’t lose a lot(s) if you have to upgrade the septic or rework it to bring it up to current code.
• Targets a 15% cash on cash return
• While based in Florida, he likes the Carolinas, Georgia, and the Midwest when seeking opportunities

Kevin also has his own podcast, Real Estate Investing for Cash Flow, where he covers many topics in commercial property, mobile home park and multifamily investing.

How to reach Kevin:

http://www.kevinbupp.com/

Real Estate Investing for Cash Flow – Podcast