Creative Real Estate Podcast

Happy Monday! Hope you had a fantastic weekend!

In this episode DJ and Adam discuss a small milestone of getting that first syndicated apartment complex closed. It took about 8 months from contract to close. DJ shares some of the struggles of getting this deal moved through.

Also a small celebration of hitting episode 50 on the podcast.

DJ and Adam briefely discuss the next syndication they are doing which is an 83 unit in Branson MO and it closes right before this episode comes out.

If you want to do apartment syndications as well you might be in luck because we have about 12 tickets available to an event coming up. The tickets are $95.00 and come with Networking, Food, and Education.

Get your tickets now by clicking here!

Damian Lupo shares how he used creative real estate to go from zero to $20,000,000.00

oh and then he lost it all in the crash and was worth NEGATIVE $5,000,000.00

This story shows why Damian wrote his two books "Quick & Dirty Guide to Gold & Silver" "RE-Invented Life"

Today Damian helps people get their retirement out of the stock market and into things they know and control like: Gold, Silver, Real Estate, and anything else that has great upside with very little downside and typically outperform the stock market.

QRP vs Self Directed IRA "401K on steroids"

"I don't do deals that will give me any less than 20%, it's just not worth my time"

we discuss UDFI and UBIT

Contact Damian or get a free mailed copy of his book: www.TotalControlFinancial.com

Self Directed Investors (SDI) Network: Meetup.com/SDI-Network

This episode wraps up the 5 part series to getting a massive network.

Adam covers:

Should you take over another persons group and/or should you start your own from scratch? This episode goes over the pros and cons of both. -split testing -strategy -events

Want to watch recorded videos from Adam's meetup? Here is the YouTube: YouTube.com/channel/UCDxzBE6Sk5C0qFVTN4L1r3g

Want to Follow Adam Adams on instagram? Here is his handle: @AAAinvests

Want to visit one of the most active meetup groups in the world? Here is the link to RSVP: Meetup.com/BlueSpruce

Want to visit D.A.N.? Meetup.com/Den-Apt-Network

Want to visit SDI Network? Meetup.com/SDI-Network

Go to Joe Fairless' podcast here: www.BestEverShow.com

Denver Apartment Network is hosting a dinner with BRAD SUMROK on June 5th. It's an event to help other people learn how to invest in apartment buildings for cash-flow. As a way of saying thanks for being a regular listener on this podcast. I wanted to give you a free promo code to the event so you WON'T HAVE TO PAY $95.00

When you use this promo code: "DANFREE" You get your tickets free.

https://www.eventbrite.com/e/retire-in-5-years-or-less-tickets-44902940905

This week Adam interviews Craig Curelop from BiggerPockets HQ about how Craig is doing a creative strategy called House Hacking.

His 1st house hack was a duplex, he also does some AirBnB out of his own side for extra cashflow.

Craig started at BP in april of 2017 with no prior real estate experience, but he was an active member on the site. Craig went indoor skydiving with Brandon Turner, Josh Dorken, and the entire BiggerPockets crew soon after he started.

Linksdiscussed: https://couplerbnb.com/ -> AirBnb Property Management site https://www.facebook.com/craig.curelop https://www.linkedin.com/in/craig-curelop-a6457242/

Craig Curelop is a real estate and personal finance enthusiast who serves as BiggerPockets' financial analyst. Craig is also an investor who seeks to hack not only his housing but his lifestyle in general, continually finding creative ways to generate passive income. Craig also operated a short term rental business where he manages his customer's short term rentals providing them with the highest possible return and the least possible work.

Craig Curelop, who works at BiggerPockets, teaches us how he did his first house hack with almost nothing down and it moving to the second one!

Denver Apartment Network is hosting a dinner with BRAD SUMROK on June 5th. It's an event to help other people learn how to invest in apartment buildings for cash-flow. As a way of saying thanks for being a regular listener on this podcast. I wanted to give you a free promo code to the event so you WON'T HAVE TO PAY $95.00

When you use this promo code: "DANFREE" You get your tickets free.

https://www.eventbrite.com/e/retire-in-5-years-or-less-tickets-44902940905

"The richest people in the world build networks, everyone else is trained to look for work" Robert Kiyosaki

Today I want to share with you a way to grow your network, and that is to stop giving sales pitches to everyone.

When you go to a networking event, spend time adding value to others.

This episode came out when Adam Adams was in New York City at the headquarters of Meetup.com. Adam presented in front of the top 150 meetup organizers in the world. there was people from 8 different countries, including India, Austrellia, United Stated, England, and 4 other countries.

The link to the Creative RE Lunch Club of Denver is: www.Meetup.com/BlueSpruce

Come visit the lunch club every Thursday at noon.

This week, Sarah May joins us in the studio in Denver to share her story.

SARAH'S BIO: While working full-time as an aerospace engineer, Sarah began investing in real estate in her free time after reading the "little purple book" Rich Dad Poor Dad and discovering the concept of passive income. After making the decision to invest, Sarah started buyiung and managing rental properties and doing "fix and hold" projects. She decided she wanted to turn her real estate "side gig" into a business and started syndicating large multifamily properties with investors who wanted the benefits of real estate ownership, without the hassle. Sarah now owns over 800 doors as a limited partner and has personally sponsored 100 apartment units in Denver, Colorado. Sarah now works exclusively in real estate, and spendes her free time with her husband and 3 year old son. She enjoys the Colorado outdoors, traveling, biking, and playing tennis.

Topics discussed:

1. you don't need to start with single family
2. duedilligence
3. property tours
4. "call for offers"
5. cashflow and gain/appreciation
6. stabalized assets
7. cash on cash return
8. cap rate
9. IRR
10. books to read
11. how to help investors who want the benefits of real estate ownership without the hassle of real estate management
12. syndication
13. Brad Sumrok
14. Denver Apartment Network

Links mentioned in this episode: www.regencyinvestmentgroup.com

Here is the EventBrite link so you can get your tickets to Brad Sumrok in Denver on June 5th: https://www.eventbrite.com/e/retire-in-5-years-or-less-tickets-44902940905

Have you heard of personal banking?

Join us on this episode to learn from Ferenc Toth and his creative financial strategy!

Ferenc Toth has been in the financial industry for 18 years and started off in real estate with HUD properties.

Topics discussed:

1. Financial wealth
2. HUD Properties
3. Cash-Flow

Links mentioned in this episode:

• http://securemgt.com/
• 866-515-6280

Creative Real Estate Lunch Club Boulder, Tuesday : Noon - 2:00 p.m. [https://www.meetup.com/es/LunchClubBoulder/] Northern Colorado, Wednesday : Noon - 2:00 p.m. [https://www.meetup.com/LunchClubNoCo/] Denver, Thursday : Noon - 2:00 p.m. [https://www.meetup.com/BlueSpruce/]

Its Meetup Monday! Join us for some high level networking tips and tricks!

Want to network like a professional and build more powerful relationships?

Make sure to listen to the end to get some major value!

Topics discussed:

1. Networking
2. Communication
3. Meetup!

Creative Real Estate Lunch Club Boulder, Tuesday : Noon - 2:00 p.m. [https://www.meetup.com/es/LunchClubBoulder/] Northern Colorado, Wednesday : Noon - 2:00 p.m. [https://www.meetup.com/LunchClubNoCo/] Denver, Thursday : Noon - 2:00 p.m. [https://www.meetup.com/BlueSpruce/]

This week, Adam Adams interviews Jeremy Roll about how to safely invest passively in many different asset classes.

Topics discussed:

1. Passive Investing vs Active Investing
2. Equity Partners
3. Cap Rates
4. Market Trends
5. PPM

Jeremy's Bio

Jeremy has been a real estate and business investor for over 16 years who left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 70 opportunities across over $500 Million worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,000 investors who seek passive/managed cash flowing investments in real estate and businesses. Jeremy is also the co- Founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 with the goal of facilitating networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 25,000 members. Jeremy has an MBA from The Wharton School, is a licensed California Real Estate Broker (for investing purposes only), and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails ([email protected]) to network with or help other investors and to discuss real estate or business investments of any size.

Jeremy's Investment Criteria:

· Purchase price: $8-25M (non-institutional in size)

· Due to very high prices right now (because we are likely at the end of the cycle), unique pricing is a must so a 10%+ discount to true market value is a requirement for me right now

· Class B asset in an A or B market

· Outside of California for higher cap rates due to my cash flow focus

· Stabilized profile – May or may not have value-add upside (it’s not a requirement) – 80-100% occupied going-in

· Min 9% projected cash flow net to investors for Year 1

· Min 11% projected average annualized cash flow net to investors over the term of the opportunity (which is typically projected to be 10 years)

· Typical average annualized total projected return is 15-20% but I am much more concerned with and focused on the cash flow targets because I live off the cash flow

· Diversified tenant base – Strongly prefer 100+ units for multifamily, 300+ units for self-storage, 75+ lots for mobile home parks, 13+ tenants for retail strip centers + office buildings, etc

· I am currently not considering retail strip centers, office buildings, and most apartments in general until after the downturn

Links mentioned in this episode: www.rolllinvestments.com

Use this promo code: "DANFREE" https://www.eventbrite.com/e/retire-in-5-years-or-less-tickets-44902940905

This week Adam Adams covers why he started his meetup in the first place. He was BRAND NEW to Denver: he didn't know anyone, and nobody knew him... so he got CREATIVE and started his own meetup group.

Adam talks about reverse engineering the process of making a successful meetup group to gow his network in a new city by finding a niche!

A "lunch" group!? How many could you get to be there in the middle of the day on a Thursday??? Well Adam has had 176 RSVPs in one place in the middle of a work day.

This is the 2nd of 5 episodes

Adam Discusses how he got on Theo Hicks and Joe Fairless's Best Real Estate Investing Advice Ever Show. We even share a clip of Theo and Joe discussing if they should do it weekly or not... Then Adam explaines the reason behind it even though he knows people may have some legitimate concerns.

Also mentioned:

How frequently you should be meeting: How to create scarcity with your meetup How to PM members of other groups (how to create engagement) How to stay in contact with your group by emails and email campagns (tell them what you did and what's coming up) How to keep retention!

Links mentioned in this episode:

• Meetup.com/BlueSpruce