Posts tagged "family"

JC 102: Senior Living + Helping the Family with Phillip Vincent

November 11th, 2020 | no comments

Welcome to Mom’s House.

As a St. Louis native, Phillip’s passion is cheering on the Cardinals baseball and Blues hockey teams. When he’s not watching sports or with his family, Phillip is helping other families solve big problems. He started his career as a home builder and developer and transitioned to buying houses from seniors or the adult children.

Over the last 22 years, Phillip has bought hundreds of houses and has a passion for working with families; his sellers love him! There isn’t much he hasn’t seen, so creativity and care are his go-to when it comes to buying houses and helping families solve some of their biggest problems. His entrepreneurial spirit and commitment to making the home selling process easier for seniors led him to create the nationwide network of Mom’s House Certified Buyers.

Phillip has two young sons, Drake and Sterling, and a super wife, Melissa, who is all he could have ever dreamed of. (Well, except maybe his lifelong dream to one day own the St. Louis Cardinals baseball team. #baseballnut) He is an avid tennis player and also loves playing hockey with his two boys. Phillip volunteers for multiple charities, including Brace for IMPACT 46, an organization that supports youth programming in both St. Louis and Haiti, and Special Spaces, which builds custom rooms for terminally ill children suffering from cancer.

Phillip Vincent joins John Carney today in The Real Estate Locker Room to discuss investing in real estate and how to help as many people as you can.

Key Points:

  1. Real Estate investing is about collaboration and building your team.
  2. Mom’s House: A trusted group of investors. The Senior living industry is about trust and collaboration during a stressful time. You have to build trust in this industry to be successful.
  3. Senior living investments is solving problems for the senior living industry and taking the burden off the family.
  4. Senior living is recession proof.
  5. People to work within the senior community: Proprietor, Director, Finance Director, Marketing Person, Social Worker, Placement Agent, Aid and Attendance Benefits, & Elder Care Lawyer.

Favorite Sports:

  • Baseball

Favorite Books:

Pro tip:

  • Understand leverage. Find someone who is already doing what you want to do and learn from them.

Reach Out to Phillip Vincent

Thank you, Phillip Vincent for taking the time to share senior living 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 2020

JC 078: The Power of Networking with Nichole Stohler

November 4th, 2019 | no comments


How to Invest in Multi-Family and Hotel Real Estate 

While working full-time in the Technology Industry, Nichole Stohler and her husband have built a real estate investment firm with an impressive portfolio that includes multifamily, hotels and single-family residential properties. Learn more by tuning into Nichole’s podcast, The Richer Geek.

Nichole believes that it’s not only possible, but it’s essential that others in high-income roles find ways to make their money work for them.

Nichole Stohler joins John Carney today in The Real Estate Locker Room to share some of her proven real estate investing techniques.

Five Key Points:

  1. Learn from your failures.
  2. The power of networking. Build your network, develop your peers and learn from them. Ask questions and be open to opportunities. Find someone with expertise and partner up with them.
  3. Fundamentals are the same in regards to purchasing hotel vs multifamily. Look for the “value add”. Are you able to purchase for a great price and force the appreciation and increase the value?
  4. You have more options in generating revenue in a hotel space than in a multi-family property.
  5. Think about the opportunities hotels provide and how they can work in different spaces like the multi-family or Airbnb. I.e.- Advertising, covered parking, faster option of WIFI.

 

Favorite Sports:

  • Running/  working out with a trainer

Favorite Athlete:

  • Payton Manning

Favorite Books:

Pro tips (3):

  • If you accomplish your top 3 things, you’ve done with what you need to that day.
  • It will never happen if you don’t make it happen.
  • Find your local real estate Meetups and attend them!

Resources Mentioned:

Reach Out to Nichole Stohler:

Thank you Nichole for taking the time to emphasize the importance of networking and checking out opportunities with the audience.

“If you want to improve your relationships for networking, interpersonal skills training can help to develop the soft skills to create successful interactions that will drive you towards your goals”.

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