Creative Real Estate Podcast

Brad Sumrok's very first property was a 32 unit multifamily property! Sumrok broke that mold of graduating through fix & flips and single family rentals. Instead, he jumped right into apartment investing.

And guess what?!

You can too!

Topics discussed:

1. Apartment Investing
2. Corporate America
3. Financing

Links mentioned in this episode:

• https://www.facebook.com/brad.sumrok

Denver Apartment Network

• [https://www.facebook.com/groups/DenAptNetwork/]
• [https://www.meetup.com/Den-Apt-Network/]

Did you know that the majority of meetup groups die out within the first 7 months?

When I first heard this, I really wasn’t too surprised after attending some groups that didn’t fill need.

So I decided to share some of the things that I’ve done differently to create several successful meetup groups.

Topics discussed:

1. MeetUp Groups
2. Networking
3. Niche Down

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/LucnhClubNoCo/] Denver, Thursday : Noon - 2:00 p.m. [https://www.meetup.com/BlueSpruce/]

Dave started out as a Real Estate Agent and moved his way over to Note Investing. Dave was very creative and started buying and fixing houses on a credit card! He’d also get a tenant into these properties and cash flow them every month. Dave also moved into private money lending too!

In this episode, you’ll learn about how Dave accidently got into note investing.

Topics discussed:

1. Note Investing
2. Private Money Lending
3. Fix & Rent

Links mentioned in this episode:

• https://www.pprnoteco.com/
• http://get.biggerpockets.com/noteinvesting/

Denver Apartment Network

• [https://www.facebook.com/groups/DenAptNetwork/]
• [https://www.meetup.com/Den-Apt-Network/]

Steven was born and raised in Minnesota. After moving around a bit, he found himself in Southern California, but didn’t see the success he was looking for.

Steven took a leap of faith and closed out his digital marketing company and jumped into to real estate, both feet first.

His company is focused on acquisitions in two different markets. They do fix & flips, new developments, wholesaling and rental properties.

Topics discussed:

1. Fix & Flipping
2. Rentals
3. Wholesaling

Links mentioned in this episode:

• http://vfinvest.com/vf-invest-home-page

Creative Real Estate Lunch Club Boulder, Tuesday : Noon - 2:00 p.m. [https://www.meetup.com/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/]

Nathan Robbins is an impressive acquisitions manager and focuses on networking and systematizing the processes of getting more quality deals.

Nathan utilizes some creative marketing strategies by outsourcing it to the experts. This allows him and the team focus on what they know and what they are good at.

Topics discussed:

1. Off-Market Deals
2. Meetup groups
3. Networking

Links mentioned in this episode:

• https://www.meetup.com/Fixated-On-Real-Estate/
• http://second-example.com

Colorado Broker's Association (CBA) https://www.meetup.com/ColoradoBrokersAssociation/ https://www.facebook.com/groups/ColoradoBrokersAssociation/?ref=br_rs

Chuck and Yonah are creative real estate masterminds. These two have done some very unique and interesting. They also have partnered with their clients before. Chuck and Yonah aren’t shy of creating synergistic partnerships!

Topics discussed:

1. Cost Segregation
2. Cashflow
3. Off-Market Deals

Links mentioned in this episode:

• http://www.madisonspecs.com/

Denver Apartment Network

• [https://www.facebook.com/groups/DenAptNetwork/]
• [https://www.meetup.com/Den-Apt-Network/]

Colorado Broker's Association (CBA) https://www.meetup.com/ColoradoBrokersAssociation/ https://www.facebook.com/groups/ColoradoBrokersAssociation/?ref=br_rs

Lindsay heard about the returns on non-performing second mortgages, and thought the returns were too good to be true. Her team wanted to check it out for themselves.

So they actually made the transition from buying single family rental homes over to buying non performing notes and actually becoming the mortgage holder.

When they compared the rate of return on first mortgages vs second mortgages, they found that the second mortgages performed greater because they can acquire them at a lower cost, as they are typically seen as a more risky asset.,

That being said, they’d rather bet on 10 second mortgages then 1 first mortgage for the same price.

Topics discussed:

1. Second Mortgage Investing
2. Risk/Reward
3. Diversification

Links mentioned in this episode:

• [email protected]
• [http://silverbaycapital.com/]

Self Directed Investors Network [https://www.facebook.com/groups/SDINetwork/] [https://www.meetup.com/SDI-Network/]

Brandon's first step into real estate was when he decided to sell his house for a profit of $20,000.

His motivation behind this was to go backpack through Europe. Turner pioneered the BRRR strategy before it was heavily marketed thing.

The story behind that is rather interesting.. Brandon simply couldn’t sell the house for what he wanted! So he got creative put a renter in the property, got it refinanced, and fell in love with the process.

Turner has also been involved in some house hacking as well as the growth of the well known BiggerPockets.

Topics discussed:

1. BRRRR
2. House Hacking
3. BiggerPockets

Creative Real Estate Lunch Club Boulder, Tuesday : Noon - 2:00 p.m. [https://www.meetup.com/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, Mark Kenny from Think Multifamilyh joins us to cover a horror story of his when he bought an LLC.

Mark is a seasoned real estate investor, educator, published author and founder of Think Multifamily. Mark started his Apartment Investing career over 20 years ago. He has a passion to help others succeed in the multifamily arena and go BIG, fast! Mark is invested in 2600 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.

Mark is a 1993 graduate at Michigan State University in Accounting and is a CPA. He has provided IT consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for organizations such as KPMG Consulting, EDS, SAP, HP, and founded Simplifying-IT which provides IT services to fortune 500 companies.

Topics discussed:

1. Mark's backgroun and introduction 1:08
2. Getting into multifamily/Choosing a market/Syndication 5:27
3. Horror Story/Bad Partnership/Purchasing an LLC 12:09

Mark's company does 3 large events every year. The next one coming up is May 19th & 20th. To sign up go to www.thinkmultifamily.com

Links mentioned in this episode: www.thinkmultifamily.com

Get a copy of Adam Adam's new book: [email protected]

Adam L Adams started off with real estate investing by getting into multifamily syndications. He currently ones 130 units. Through this journey, he met an investor who turned him onto notes. To this day, Adam L Adams has done 68 notes!

All of which are first position residential notes. Adam L Adams also has done many land contracts too.

Currently, Adam took his experience from apartment syndications as well as note investing,. He merged the two together and started syndicating non- performing portfolios of notes.

These notes are purchased through different banking institutions.

Adam has done an incredible job leverage his strengths and outsourcing his weakness, providing this business scalability.

Topics discussed:

1. Syndications
2. Note Investing
3. Leveraging Outsourcing

Links mentioned in this episode:

• [http://www.ajarealtyinvestments.com/]
• [email protected]
• https://www.youtube.com/channel/UCK6ZDten-yY3CmrgnanjkXg

Creative Real Estate Lunch Club Boulder, Tuesday : Noon - 2:00 p.m. [https://www.meetup.com/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/]