JC 090: Managing Real Estate and the Corona Virus with Kevin Bupp

May 13th, 2020 | no comments

We Are In This Together.

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US.

Kevin has sixteen years of experience educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing.

He shares his expertise through the Mobile Home Academy and also as the host of The Real Estate Investing for Cashflow Podcast, which is one of the hottest real estate podcasts on iTunes.

We are all fighting this together. Kevin Bupp joins John Carney today in The Real Estate Locker Room to share how he is managing his real estate portfolio and navigating the Covid-19 crisis.

Key Points:

  1. Just because you find a good price for a property, doesn’t mean it’s a good deal. The wrong market may not offset the deal you make.
  2. The future is unclear. Run your business through stress tests to see how much debt load it can take during a recession period.
  3. Focus your team: Give a clear picture of what could happen. I.e.- threats, opportunity, etc.
  4. Over Communicate – open a line of communication, compassion and empathy with your tenants. Work with them through the pandemic with payment plans, workout programs and be a resource for them.
  5. There will be innovation and opportunity that comes from this hardship.
  6. When business is back to a “new normal”, be realistic about future goals and timelines, keep doing what you are good at.

Favorite Sport:

  • Road Cycling

Favorite Athlete:

  • Lance Armstrong

Favorite Books:

Pro tip:

  • Health and fitness. You can work through it if you feel good.

Resources Mentioned:

Reach Out to Kevin Bupp

Thank you, Kevin, for taking the time to share current Covid-19 advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

JC 089: The 1031 Exchange with Dave Foster

April 29th, 2020 | no comments

The Real Estate Life You Want.

Dave Foster is a Qualified Intermediary (QI) investment professional that understands that real estate is really an investment in your future. As a multi-industry visionary, Dave has 20 years of experience working across all phases of real estate investing and facilitating 1031 Exchanges for investors.  From commercial to residential real estate, Dave brings his clients a fresh perspective and clear vision for strategic development. As an investor himself, he views each investment no matter the asset class as a unique opportunity for investors to maximize their returns.

Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors with whom he works. He is inspired by a genuine desire to help real estate investors excel and Dave continuously strives to create win-win situations. Dave successfully worked toward the life he wanted and was able to do it by facilitating 1031 exchanges.

Dave Foster joins John Carney today in The Real Estate Locker Room to explain how to increase your wealth with 1031 exchanges.

Key Points:

  1. 1031 Exchange: In the statue of the IRS tax code, there are provisions that allow you to sell/purchase investment real estate, use a QI, and indefinitely defer paying tax on capital game. Investors may use that tax deferment to purchase more real estate and increase their wealth.
  2. Not limited to “buy and hold”. You may use the 1031 Exchange for any kind of real estate as long as it is for investment.
  3. 1031’s are not easy. Your QI is your investment guru.
  4. Timing requirements: You only have 45 days to identify a new property after the sale of the existing property. Your QI needs to be in place before the sale of the initial property.
  5. Advice to consider: Research your market. Focus on the big picture. Start early and be strategic. Ready, fire, aim does not work. Work with an expert.

Favorite Sport:

  • Basketball & Volleyball

Favorite Books:

Pro tip:

  • Follow your passion and follow it now.
  • Only do what your passion is and don’t do anything else. Otherwise, you are going to suck at it and burn out. 

Reach Out to Dave Foster

Thank you, Dave, for taking the time to explain the 1031 Exchanges and how they work with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 088: Real Estate Technology That Works with Jeffrey Brogger

April 15th, 2020 | no comments

Catching the Right Wave.

Jeffrey Brogger is a pioneer in the real estate technology space and the Founder of both STEEZY.Digital and RealNurture.io. He started his career as the Sales Manager at VECTOR/CUTCO, before moving on to head marketing at Redwood Empire and ultimately founding the two real estate technology companies that he is running today.

Driven by a mission to empower 100,000 Realtors with technology, Jeffrey is best known for his role as a National TV Talk Show Host on Real Men of Real Estate and has been featured on prestigious podcasts such as Pat Hiban’s Real Estate Rockstars.

Jeffrey Brogger joins John Carney today in The Real Estate Locker Room to discuss online lead generations and how to keep up with changing technology.

Key Points:

  1. If you chase every wave, you will catch none. Remain focused and have patience.
  2. The goal is to generate qualified sales conversations through social media.
  3. Mobile first marketing: SMS text and Facebook Messenger allow for higher open rates.
  4. Bite size content is important for allowing people to engage and increase your lead score.
  5. On boarding is a process that takes time. Jeff recommends a concierge to help with you with on boarding.

Favorite Sport:

  • Surfing

Favorite Athlete:

  • Kelly Slater – Surfing

Favorite Books:

Pro tip:

  • Know your strengths. Play to your strengths. There is a person out there who will do the things you hate, do it better than you and love it.

Resources Mentioned:

Reach Out to Jeffrey Brogger

Thank you Jeffrey for taking the time to share how to use technology to amplify your online presence and accelerate your lead generation.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline

Instagram: @johnm_carney
Twitter: @John_M_Carney

© John Carney 2020

 

 

JC 087: Real Estate Development Syndication with Dr. Adam Gower

April 1st, 2020 | no comments

How to Become a Leader of the Crowd

Dr. Adam Gower is a seasoned real estate pro and the author of Leader of the Crowd. His real estate career began in 1982 while working for an electrician pulling wires and crawling around in basements and attics in San Diego. Adam took an interest in real estate finance and started raising money for a developer. He successfully raised over $30 million in equity (1980’s dollars) and invested it all in developing hundreds of units in California.

Dr. Gower has built one of the best-of-class digital marketing platforms for real estate developers for that they are able to syndicate their deal equity online. Each system is customized to a unique offering and by digitizing existing investment solicitation processes; one can automate their capital raising efforts while remaining focused on sourcing deals and building projects.

Dr. Adam Gower joins John Carney today in The Real Estate Locker Room to discuss how to invest your money in real estate.

Key Points:

  1. You can get your hands dirty and buy physical real estate or act as a passive investor with those who get their hands dirty.
  2. Now is a good time to “keep the powder dry”, keep an eye on the market and do not succumb to the temptation of thinking everyone is making money in real estate.
  3. Get familiar and identify the sponsors who are out there, see how they are educating investors and be patient.
  4. You must have low debt. Debt will whip out any deal.
  5. You must have a presence on social media, make connections and educate prospects with a narrative. This will make you stand out and put you ahead of the crowd.

Favorite Sport:

  • Football – “The round ball football”

Favorite Athlete:

  • Manchester City – England

Favorite Books:

Pro tip(s):

  • You get what you pay for.
  • Be careful what you put your name to.

Resources Mentioned:

Reach Out to Dr. Adam Gower

Thank you, Dr. Adam Gower, for taking the time to share real estate cycles and investments with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

JC 086: Raw Land Investing with Scott Bossman

March 11th, 2020 | no comments

Creating Passive Income in Raw Land Investments.

Scott Bossman and his wife, Erin, have been investing in raw land for 4 years. Scott was able to replace his income as a Physical Therapist in just 2 years and he quit his job in 3 years. He now works as a PT just 1-2 afternoons a week and enjoys the luxury of working at home on his land business. Scott and Erin’s land business has enabled them to spend more time with their family and to experience a degree of financial security that they never dreamed possible.

Scott is now a member of the Land Geek team, and is passionate about sharing what he’s learned to inspire and educate others to pursue their dreams of financial freedom through raw land investing.

Scott Bossman joins John Carney today in The Real Estate Locker Room to discuss the Land Geek program and how it can build you wealth.

Key Points:

  1. You need discipline and consistency to create good habits.
  2. Marketing: Mailings work great. If you are using a mailing system, you will require a fine-tuned system to scrub your list and indentify your targets.
  3. Get a team and a system in place to delegate tasks and duties. Outsource or train people to work on your biggest pain points.
  4. If you follow the math for the Land Geek program, you will see results for $4-5k in passive income in a year’s time.
  5. The raw land market is vast and can be bought, marketed and sold online from anywhere in the world.

Favorite Sport

  • Baseball: Cubs
  • Basketball

Favorite Athlete:

  • Ryne Sanberg

Favorite Books:

Pro tips:

  • Journal everyday and self score your progress.
  • You need to feel a little discomfort with your decisions to motivate you to succeed.

Reach Out to Scott Bossman

Thank you Scott for taking the time to share how to buy and sell raw land and generating passive income with the audience.

Listen to all the episodes of The Real Estate Locker Room Show, and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 085: Wealth Without Wall Street with Russ Morgan and Joey Mure

February 26th, 2020 | no comments


Take Control of Your Legacy Wealth.

Meet Russ Morgan, aka “The Idea Guy”, who started his career in the financial services industry. Russ began a journey to passionately understand more about how to gain control over his money and better serve his clients. Russ believes that it’s time you stop following conventional planning methods and start thinking for yourself. He delivers business owners and investors the knowledge they require to make sound financial decisions and create legacy wealth. The best path to financial freedom is one that frees you to make decisions that allow your money to grow, allow you to have access your money, and to protect your money from market swings and tax regulations.

In 2003, Joey Mure, aka, “The Stallion”, started his career in the mortgage business. He quickly become a branch manager with one of the nation’s top mortgage lenders and was charged with leading a team of twenty-five  loans officers. Despite earning an impressive income and receiving national recognition, Joey still had significant questions about how to save for the future without having to rely on borrowing from the banks. How does anyone save aggressively for retirement AND simultaneously pay for automobiles, save for college, weddings, and vacations?

In 2010 Joey met Russ, who shared the Infinite Banking Concept and everything changed. IBC allowed Joey to get completely out of debt and he started saving four times the amount that he had previously been saving. Joey now has a clear plan of how to save for all our life’s expenses without giving up retirement savings.

Joey decided to join Russ and cofounded a company called Wealth Without Wall Street. Together they teach people to stop trading time for money to achieve financial freedom by following the 5 Pillars of Wealth Without Wall Street.

Russ Morgan and Joey Mure join John Carney today in The Real Estate Locker Roomto discuss alternative ways to create wealth and freedom.

Key Points:

  1. Infinite banking concept: a process of using money in a way to take control of your financial life.
  2. Become the bank.
  3. You will require to the right life insurance policy in order to benefit from the infinite banking concept.
  4. This is uncommon and atypical advice and requires you to think outside the box.
  5. The money you pay in your premium creates the value for you to unlock.

Favorite Sport:

  • Golf: The Masters
  • Baseball

Favorite Athlete:

Favorite Books:

Pro tip:

  • Leadership is knowing what you can do and giving away everything else to someone who is much better suited.
  • Know what you are going to be present for and prepare for it.

Reach Out to Russ and Joey

Thank you, Russ Morgan and Joey Mure, for taking the time to share the infinite banking cconcept withthe audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 084: Finding Balance with Cliff Hayden

February 12th, 2020 | no comments

Solving Problems and Creating Solutions in Real Estate and Life.

Cliff Hayden is a family man, real estate investor, broker-owner of Altec Properties, and founder of ShowMeTheRental.com, a unique online service that automates the most difficult part of property management: finding and screening qualified tenants.

Cliff knows the importance of finding the right balance of priorities in life, especially as a business owner. This quest for a more abundant life inspired Cliff to walk away from his fruitful career and into the often-chaotic world of real estate investing. As someone who’s personally struggled with this juggling act of business, life and family, Cliff understands how to manage the emotional, mental, and physical toll it can take on real estate investors, property managers, or landlords — whether it’s their full-time career or a side hustle.

Cliff Hayden joins John Carney today in The Real Estate Locker Room to talk about envisioning the successful life and business you want.

Key Points:

  1. No one will care about your properties more than you. Have a great staff and a great team in place and stay involved.
  2. Decide what kind of business and what kind of life style you want.
  3. Education and finding a mentor is key.
  4. Put your life 1st. Have themes for the day in your work life.
  5. Be grateful for what you have and don’t worry about what you don’t have.

Favorite Sport:

  • Jiu Jitsu

Favorite Athlete:

  • Emmitt Smith

 Favorite Authors/Podcasts:

  • Jack Miller – Author
  • Joe Rogan – Podcast
  • Tony Robins – Podcast

Pro tip:

  • Pay attention on how you talk to yourself. Have a vision of how you want your life to be.

Reach Out to Cliff Hayden:

  • showmetherental.com
  • cliff@showmetherental.com
  • showmetherental.com
  • 502-641-8781

Thank you Cliff for taking the time to share interchangeable life and real estate advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 083: Finding Your Grit with Keir Weimer

January 22nd, 2020 | no comments

Taking on Big Challenges and Calculated Risks.

Keir Weimer has a passion for taking early-stage ideas to market and growing teams, cultures, and businesses around them. Despite his success today, Keir’s journey was anything but easy. At the age of 23, he was convicted of vehicular manslaughter after causing a tragic boating accident that killed his friend.  Keir had to overcome life struggles and decided to become an entrepreneur.

Today, Keir is an internationally recognized, luxury real estate agent and team leader. He is also a successful real estate and lifestyle entrepreneur, having founded and grown several 7-figure businesses in the areas of luxury brokerage, investment, hospitality development, and now a multimedia company. Keir is considered an expert in these areas and has broken free from adversity with his unique life story. His success has been featured in major global media outlets such as the Wall Street Journal, The New York Times, Bloomberg, and Sotheby’s International Realty.

Keir Weimer joins John Carney today in The Real Estate Locker Room and discusses pulling yourself up from your bootstraps and learning how to list luxury properties.

Key Points:

  1. You will accomplish great things when you put your mind to something, create a mental road map, and are patient.
  2. Find your circle of support. Never give up on the vision and persevere until you reach it. Write it out, make it part of your daily routine, be accountable for it, and get to work
  3. In order to be successful, you must be willing to work through the obstacles and setbacks.
  4. Don’t be intimidated by big challenges. Try, don’t stop just because you don’t have experience. Build a vision, build a strategy that supports the vision, and take a calculated risk.
  5. Tips for getting started in real estate:
    1. Chart out a vision if you want to get started.
    2. Know your skillset.
    3. Find the people with the expertise you need.
    4. Work with mentors.
  6. Personal growth tip: Schedule time to be creative.

Favorite Athlete:

Favorite Books:

Pro tip:

  • “Don’t count time. Make time count.” – Mark Weimer

Resources Mentioned:

Reach Out to Keir Weimer

  • keirweimer.com

Thank you, Keir, for taking the time to share your story and life advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

JC 082: How to Invest in Notes with Jim Maffuccio

January 8th, 2020 | no comments

Generating Cash Flow with Real Estate Notes.

Jim Maffuccio, the Founder and Principal of Aspen Funds, leverages his 30 + years of real estate experience to deliver cash flow to his investors using a financial vehicle that many haven’t discovered. Jim has become an expert on mortgage notes and his investors earn high yields every month without the built-in volatility of traditional investment options.

In 2009, Jim began investing in mortgage notes. Three years later, with his investments proving to be secure, consistent, and highly profitable, he partnered with Bob Fraser to launch Aspen Funds. To date, Aspen has purchased over 1,000 loans in more than 35 states and grown to three separate funds in just over seven years.

Jim Maffuccio joins John Carney today in The Real Estate Locker Room to talk about mortgage notes as an alternative real estate investment.

Key Points:

  1. Think of note investment as rehabbing the documents instead of rehabbing the home.
  2. Win/win situation: set up the homeowner to succeed with an affordable mortgage payment and you (and/or your investors) will make money on the investment.
  3. To be an active investor in note investing means becoming a hard money lender. Passive investing is investing in a mortgage fund and letting them do the work, and receive a check every month.
  4. You must do your homework and vet any alternative investments. Investor beware! Do not be passive when vetting out opportunities.

Favorite Sport:

  1. Basketball
  2. Nova Skiing
  3. Bicycling

Favorite Athlete:

  • Patrick Mahone

Favorite Books:

Pro tip:

  • Never stop educating. Spend the money and go attend conferences.
  • Develop a skill and find out what you are really good at. Know what you are not good at and find the people who are then partner up with them. 

Reach Out to Jim Maffuccio

  • www.aspenfunds.us

Thank you, Jim Maffuccio, for taking the time to discuss how to make a profit by note investing with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

JC 081: Charging into the Mindset of a Real Estate Investing with Rod Khleif

December 12th, 2019 | no comments

Pushing Through Fear to Reach Your Goals

Rod Khleif is a passionate real estate investor who has owned and managed over 2,000 properties. As an accomplished entrepreneur, Rod has built several successful multimillion-dollar businesses.

Rod has combined his passion for real estate investing with his personal philosophies of goal setting, envisioning and manifesting success to become one of America’s top real estate investing professionals and teachers. He shares his techniques at his boot camp, podcast and website to help others achieve the right mindset to achieve high level success.

Rod Khleif joins John Carney today in The Real Estate Locker Room to dive into the mindset required to learn from mistakes and allow failures to fuel your goals.

Five Key Points:

  1. Clarity is power – Know exactly what you want and why you want it.
  2. A goal is not a goal until it is measurable. Put a time limit on each goal you make. Pick your number one goal and your top three one year goals, write down why it is a mustto achieve them and the regrets you will have if you don’t.
  3. Visualize what you want daily to give your brain direction.
  4. Everything starts from a place of gratitude. Never achieve a big goal without having another goal behind it.
  5. Success without giving back is not success. Give back what you can now! Don’t wait until you reach your goals.

Favorite Athlete:

  • Pelé

Favorite Books:

Pro tip:

  • Education and implementation.

Resources Mentioned:

Reach Out to Rod Khleif

Thank you Rod for taking the time to show us how to get into the right mindset to achieve and visualize goals with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019