Cover Your Assets Part 2 – International Structures for Extreme Protection
We live in a big world … one that offers benefits to those willing to step outside of their comfort zones.
In Part 1 of Cover Your Assets, we discussed domestic structures that can isolate and protect your assets in the case of legal trouble.
In Part 2, we’ll look at the bigger picture of asset protection.
We’ll discuss international asset protection structures and long-term wealth protection strategies … and we’ll also talk about what investors can do to protect their privacy and take advantage of tax laws.
It might sound complicated … but luckily, our guest Kevin Day is an expert in offshore asset protection and came on the show to simplify the topic for us.
In this episode of The Real Estate Guys™ show you’ll hear from:
- Your world-traveling host, Robert Helms
- His channel-surfing co-host, Russell Gray
- Best-selling author and lawyer Kevin Day
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Trusts 101
Kevin sat down to chat with us in breezy Belize.
He points out that U.S.-based investors have to be on their A game … because in this country of extreme litigation, “A lawsuit is equivalent to a lottery ticket” … for the person suing YOU.
One way to protect your wealth from lawsuits? Trusts.
Kevin took us through a brief history of trusts in the U.S.
Trusts were formerly designed solely to transfer wealth from one person to another. Revocable trusts were invented in the 1930s to allow people to set up a way to transfer their estates … and make tweaks to the structure along the way.
It wasn’t until the 1980s that the U.S. allowed people to name themselves as the beneficiary of a trust for the first time.
These trusts allow you to segregate your assets … so you still have a decent lifestyle and you can reduce your liability.
“It’s a way to firewall the various parts of your life,” says Kevin.
Trusts are unique because they don’t have an owner … they exist independently from you. That’s why their lawsuit proof, says Kevin.
If you set up legal structures, including trusts, while the seas are calm, you’ll be able to handle the lightning when it comes.
And once you go through the process, you can pay more attention to MAKING money than PROTECTING your money.
Getting started
Although setting up trusts can seem tricky, it isn’t that overwhelming if you take it step by step. Investors should get started early.
Most lawyers don’t teach clients about inter-entity planning … but when Kevin gets new clients, he takes them through a step-by-step process to help them protect their assets.
Kevin starts by completing a liability assessment to see how much liability the investor holds.
He looks at what protections that investor already has in place. This includes projecting the investor’s future plans to develop a streamlined structure. Assets are divided into three categories:
- Zero-liability assets, like your cash portfolio.
- High-liability assets; for example, a company that has employees or uses third-party providers
- Assets that are in between, like real estate … high-value, high-liability assets are included here.
He uses these three categories to see how exposed clients are. He then checks to see whether investors are holding the proper insurance … usually a moderate amount.
After that, he works with the client to set up the appropriate structures that will provide the most protection in the simplest way.
Are you an investor wanting to get started with a trust? Kevin suggests building up to an offshore trust by setting up a domestic trust with decanting provisions that will allow it to move offshore gracefully.
The WHEN and WHY of international trusts
We asked Kevin when it was appropriate for investors to consider offshore trust options.
He told us that investors with a net estate of over more than 4 million … and that includes their home, business, and rentals … should absolutely set up offshore options.
That’s the point where all your creature comforts are taken care of and any extra money you’re taking in goes toward growing your real estate business.
Under 2 million, an offshore trust is not appropriate, simply because of the cost-to-benefit ratio.
Between that 2 and 4 million mark is where there’s some leeway. If you have a high-liability business, you probably shouldn’t go international. But if you’ve just hit a home run and you’re growing exponentially, then you should consider an offshore account.
Offshore options allow investors to lower their profile in case of a lawsuit, says Kevin. Lawsuits feel like blackmail … and what you look like from a public view will change the lawyer’s perspective.
Trusts can help you manage privacy concerns about how much of your wealth shows up on the public record.
Why is this so important? If you’re sued, there’s a discovery period where the other attorney can look at your assets.
Eighty percent of the time, says Kevin, those attorneys don’t look into how your assets are structured … and the other 20 percent of the time, they see international structures and think getting that money is more trouble than it’s worth.
Worry less with offshore trusts
Kevin says investors have three things to worry about:
- Taxation
- Privacy
- Asset protection
According to him, the great thing is that trusts help in all three areas.
Lawsuit protection trusts are tax neutral … and don’t rely on keeping secrets from the IRS. They also offer complete bars to anyone who wants access to your money.
What if you own property offshore? Americans who own foreign companies don’t have to pay tax until their income is repatriated. Setting up your income to be non-subpart F can be very easy, says Kevin … with the right professional help.
There’s no point in building up your assets without also protecting them so you don’t lose everything when disaster strikes.
Exploring your opportunities for asset protection means looking at offshore options.
So much real estate education is fun and aspirational. Asset protection is a down-and-dirty topic … but it’s SO important.
Being a real estate investor means dealing with real threats and the possibility of bad deals and mistakes. It’s essential to discuss what could go wrong … while everything is still going right.
That’s why we’re so glad to have an expert in offshore protection in our fold! We want YOU to know your options for asset protection so that if the lightning hits, you can have one piece of your business fail without everything else falling apart.
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Cover Your Assets Part 1 – Protecting Your Wealth Today and Tomorrow
An essential element of real estate investing is protecting the assets you’ve worked so hard to acquire.
When you’re just starting out, your investment business is pretty low liability. But as you acquire properties, the liabilities build up … and a legal problem with one property could cascade and affect your other assets if you don’t have the proper protections in place.
In this show, we’ll talk with a Rich Dad advisor on how to sort your assets into buckets so you NEVER lose everything at once.
Part one of this two-part series is for beginners and experienced investors alike. As John F. Kennedy said, “The time to repair a roof is when the sun is shining.” NOW is the time to put in place protections to keep you safe if troubles arise.
In this episode of The Real Estate Guys™ show you’ll hear from:
- Your host, asset Robert Helms
- His liability of a co-host, Russell Gray
- Garrett Sutton, best-selling author and legal advisor to Robert Kiyosaki
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Firewall your assets
The society we live in is very litigious … and that’s not going to change any time soon. So what can investors do?
We talked to Garrett Sutton about precautions YOU can take to protect your assets as they grow.
Your best option, Garrett says, is probably an LLC, simply because they provide the best asset protection. An LLC allows you to firewall your assets so one lawsuit doesn’t set off a chain reaction that leaves you asset-less.
Why is an LLC better than a corporation? Besides better asset protection, LLCs offer more tax flexibility and charging order protection.
Charging orders are legal judgments that allow creditors to access the money you make through your business. But some states offer charging order protection to LLCs.
And, Garrett says, most lawyers prefer to go through insurance so they can collect right away. So ideally investors have two firewall protections … an LLC or corporation AND insurance to back them up.
Some states, like Utah, California, and New York, don’t provide great asset protection for LLCs. Creditors can blow through the LLC and force the sale of assets … not ideal.
What can you do if you live in a state that doesn’t have the best rules for entities? Garrett reminds us you DON’T have to form an entity in the same state as your property or your residence.
How to set up your own LLC
While setting up an LLC may sound onerous and difficult, Garret says it’s really not that hard. There are two main steps:
- Set up an LLC in the state you want.
- Pick a name and make sure the name is available
- File your articles of organization, operating agreement, and certificates.
- Transfer the title of your property into the name of your LLC. This is NOT a sale … simply a transfer.
While there are plenty of websites advertising do-it-yourself LLC help, it’s much better to talk to an attorney, says Garrett.
A certified legal professional can walk you through all the steps and help you understand which business decisions are right for you.
And, an attorney will help you stay aware of formalities … the easy-to-follow rules that will keep your LLC safe from legal troubles.
Fine-tune your asset protection strategy
Garrett is a best-selling author. His books on starting your own corporation or LLC cover the strategies and techniques YOU can use to increase wealth and reduce risk.
A technique SOME people use is changing their LLC from partnership taxation to C or S corporation taxation.
That’s fine, says Garrett … as long as you don’t forget to amend your operating agreement.
Business decisions as simple as tax changes have many permutations we don’t even think about … another reason an asset protection attorney is essential.
Other investors are looking into offshore asset protection trusts. Something some investors don’t realize is that more than 10 states have created onshore trusts. But while these trusts make your money bulletproof, recent cases have demonstrated that it’s only bulletproof in the state where you’ve set up the trust.
Although there are many tricks for upping your protection level … and your wealth … investors don’t need 17 layers of LLCs.
They also don’t need to spend a ridiculous amount of money to form an LLC. For example, a Wyoming LLC provides great protection levels, for only $50 a year (plus any legal fees).
And LLCs don’t mean you’re locked into operating decisions. You have the latitude to make changes. LLCs are flexible!
Interested in delving deeper into the legal realm of asset protection? Delve into what Garrett has to offer on his website.
And while Garrett provides affordable asset protection and legal services, that doesn’t mean you shouldn’t seek out your own legal help … just make sure the people you work with are serious about helping small investors stay on top of corporate formalities.
In part two of our asset protection series, we’ll delve deeper into the legal world with a discussion of offshore asset protection strategies. Listen in for info on taking your profits outside of the States!
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The Market Detective – Uncovering Clues for Finding Great Markets
Across the country, real estate markets are hot … and getting hotter. That means compressed cap rates … which in turn mean a lower rate of return for investors.
So how can investors find a market that will offer great returns in good times and bad? In today’s show, we’ll discuss the market fundamentals that can make or break your next real estate investment deal.
Luckily, markets leave clues. If you’re an excellent market detective, you’ll be able to spot subtle indicators that will help you make an educated guess about the market’s future.
For this episode of The Real Estate Guys™ show, we recruited the best private eye we know to guide us through his analytical approach to investigating and choosing new investment markets.
You’ll hear from:
- Your sleuthing host, Robert Helms
- His clueless co-host, Russell Gray
- Real estate developer and author Victor Menasce
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Stepping into new markets with Victor Menasce
Victor Menasce is the author of Magnetic Capital and a successful U.S.-based real estate developer. He’s a strong believer in the principle that the best markets aren’t necessarily the ones you live in … or near.
Instead of automatically going for nearby markets, Victor undergoes a thorough evaluation process for potential markets, whether they’re near or far.
One of the things we look for when we’re analyzing a new market is net in-migration … essentially, we want to know whether there are more people entering the market than exiting.
Metrics like these can help you predict whether a market will serve your investment goals.
For Victor, market evaluation begins with the most basic metric of all … supply and demand. That means choosing a market where demand outpaces supply.
He says investors should focus on three things when entering a new investment deal, in the order listed:
- The market.
- The team who has boots on the ground in that market.
- The specific investment opportunity.
If you perform due diligence on the market and the team and something doesn’t line up, then you need to step back and reassess … before you even look at specific investment opportunities.
Philadelphia market analysis
To model his process for market choice, Victor guided us through an analysis of one of his current investment markets … Philadelphia.
“You have to look on the macro level,” Victor says.
Like many large American cities, Philadelphia has a large low-income population. This is a benefit, says Victor, because it creates areas where high-priced real estate and low-priced real estate brush up against each other.
The key is to find the arbitrary line between high and low properties … and then move that line by creating value.
Another reason Philadelphia is so successful is because of its proximity to an overpriced, overcrowded market … New York City. Victor says he sees a lot of renters moving from the New York market to Philadelphia because of its relative affordability and proximity to the Big Apple.
Two other big factors Victor looks at are population influx and job creation and availability.
He also evaluates cap-rate compression. That’s how he discovered that he can build new for 25 to 30 percent less than he can buy used. “That’s a competitive advantage,” Victor points out. “We’re creating opportunity out of thin air.”
Another point of consideration is rental rate per square foot. In Philadelphia, Victor can charge between $1.50 and $1.75 per square foot … $1,200 to $1,400 per month for an 800-square foot B-class apartment.
Victor compares that to Raleigh, North Carolina, where the average rents average $1.15 per square foot, even for class A properties. That’s about $920 for the same 800-square-foot apartment, for context.
Although rents differ, the cost of building in Raleigh and Philadelphia is comparable. That’s why Philadelphia makes far more financial sense for Victor.
Victor also walked us through the process of finding a team in the Philadelphia market. “I only go to Philadelphia one to two times a year,” he says. He started by making friends with an active group of investors already in Philadelphia who had good connections to local contractors and businesses.
Then, he amassed property by buying land and derelict structures for “pennies on the dollar.”
Lake Charles, Louisiana market analysis
Although big markets like Philadelphia generally make more sense for real estate investors and developers than smaller markets with fewer resources and infrastructure, Victor is currently investing in properties in a small town in Louisiana.
Why? The town, Lake Charles, has several compelling factors that make it a great place for long-term investing.
He walked us through his process of discovery and analysis.
Through personal relationships with people in the Louisiana real estate market, Victor came across Lake Charles, a town on the I-10 corridor.
The town is poised to produce 118 BILLION dollars of natural gas over the next decade … now that’s a staggering number.
Because of its increasingly important status as an exporter of natural gas, jobs and ancillary services are expected to increase over the next decade … and with that, the population is expected to keep rising.
With 48-50 billion dollars of construction in the works or anticipated, the population growth isn’t solely temporary workers, but also new permanent residents.
This is a town where skilled labor prevails, so the average household income is north of 90k a year … not the typical tenant profile. That means rents in Lake Charles average around $1.50 per square feet, even though it’s not a major city.
Because Lake Charles is growing so rapidly, it needs construction of all kinds. So Victor has dipped his feet into several markets, including workforce, family, and senior housing as well as medical offices.
It’s a lesson to investors … start with the market, then discover the needs and assemble a team to address those needs. Investors who go into markets operating only in a small niche may miss the best opportunities.
Why is Victor so confident in Lake Charles? “This is a town that has embraced heavy industry,” he says. He expects few obstacles to pop up as the town continues to grow. And he’s confident in his assessment because he has relied on folks who have their boots on the ground.
Treat real estate investing like a business
Victor has a pragmatic approach to market analysis. He’s logical and thorough and treats every investment decision like it’s a business decision.
We like to say that most people know a little about a lot, but Victor knows a lot about a lot. But he also knows his limits.
It’s really hard to be involved in more than a handful of markets at once … careful investors can’t do the kind of analysis Victor has done for Lake Charles for 30 markets simultaneously.
And Victor has spent the time to cultivate relationships with his teams in Lake Charles and Philadelphia. That’s important too.
We think Victor is a great resource for investors looking to take a careful approach to market choice and more. Looking for more real estate wisdom? Listen in to his Real Estate Espresso podcast, a 5-minute, interview-style briefing he puts out 7 days a week.
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The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.
Profitable Niches – Agricultural Investing
Throughout our Profitable Niches series, the message has been clear … there’s more than one way to invest in real estate. It’s so much more than single-family homes and apartment buildings. And, in today’s market, when some of the more traditional investments are stretched, it’s a good idea to think about something new and fresh.
Agricultural investing may not have been on your radar, but that’s about to change! And no, you don’t have to have a green thumb to participate. We’re talking with an expert guest who has blazed a trail into a market that’s energizing AND tasty.
As a sweet bonus, you can support a socially sustainable program as well. Check it out!
In this episode of The Real Estate Guys™ show you’ll hear from:
- Your cultivating host, Robert Helms
- His growing co-host, Russell Gray
- Friend and farmer, David Sewell, Founder of International Coffee Farms
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From beans to mug or bar … picking a crop
Just like everyone needs a roof over their head, everyone has to eat. That means there’s a demand for agricultural products and an opportunity for investors to do well in agriculture.
All it takes is a little education on the language of agricultural investing. In housing, it’s all about markets and demands. Agriculture has the same learning curve. Once you understand the geography, the demand for products, and a little of the science behind growing, you’re on your way to getting a foothold in agriculture.
But, agriculture is a wide world, so we’ll narrow our focus.
Our guest, David Sewell, started in agricultural investing with one product: coffee. It has a long shelf life, doesn’t perish quickly, and there’s enormous demand for specialty coffee with limited supply.
Specialty, socially sustainable coffee has been David’s niche since 2014. He purchases farms that are managed poorly, spends time working on the soil, understanding the climate, planting trees, and building a system that delivers product at a great return.
“Specialty coffee is a unique product that’s managed by the tree,” David says. “Specialty coffee is hand-picked, one cherry at a time.”
One of the best things about specialty coffee is that the limited growing geography drives up demand. But it takes some time to get a farm turned around to producing. Just like any gardening project, it takes patience and skill.
Since David started his business in 2014, he has worked through plenty of challenges and developed an amazing model that is blazing a trail in agricultural investing.
And now, he’s moved into a second crop.
“A good way to start the day is with a good cup of coffee and, in the evening, end it with a couple pieces of chocolate,” David says.
The demand for specialty, fine-flavored cacao is rising, and the supply is even MORE limited than specialty coffee. David’s cacao choice is particularly a specialty in Belize.
David took what he learned from coffee in Panama and rehabbed a few farms in Belize with the same, successful model.
With a little science, ingenuity, and care, David has capitalized on the demand for specialty products. He has 154 farmers who sell their crop exclusively to him, in his centralized processing facility.
“It’s what they needed,” David says. “So, we can control the cacao.”
David has three farms as well as a trading company that buys and sells literal tons of beans every weekend.
They’ve all been trained on organic processes, and together, they use the centralized processing systems he has built to make an efficient product that is ready for market.
Socially Sustainable Investing
Conditions on a coffee farm aren’t known for being great. That is different on David’s farms. He takes care of his 35 farm hands, and it has paid off.
“We’re proud to say that with the compensation program we’re able to provide and with the love and attention we’ve paid them, we haven’t had one turnover in 3 years,” David says. “We take care of the people.”
David’s farms change the way workers live. They receive good rain gear, so they aren’t picking cherries or tending to trees in the rain wearing a trash bag. Kids aren’t allowed on the farm … they attend school.
Families live in provided housing with electricity, flushing toilets, and other amenities that we often take for granted.
And, while these benefits for employees are key to David’s business, it’s not all altruistic. Labor turnover is expensive, and taking care of workers keeps them from leaving.
Beyond just the living conditions, workers are sent to seminars and congresses to build up their skills so they become even more educated and grow with the company.
This dedication to his workers shows by the passion and dedication they bring to the field and to the job every day. His workforce is expert in cacao and coffee, and that drives the superior flavor … and price.
That makes investing in opportunities like David’s even more exciting and sweeter for investors. Not only can you make money, but you can also make a difference.
Small-scale agricultural investing
One of the drawbacks to agricultural investing is understanding the science and process to growing, processing, and distributing a product. It takes time and experience to know a good opportunity and to succeed.
For instance, David learned early on that the biggest hurdle was the deeding process for international property. He warns that it is difficult to do on an individual basis.
But, David has found an interesting way to let people play with agricultural investing.
“We’ve focused on the delivery part of the investment vehicle,” David says. “That’s the hard part and where failure happens in many cases.”
With David’s business, he wanted to use his knowledge of syndication to make agricultural investing more accessible for people, regardless of their knowledge level and even for those who couldn’t buy an entire farm.
David’s farms are broken out into ½ acre parcels that can be bought individually or in groups. The parcel is deeded an individual investor or entity’s name, and it’s essentially a turnkey investment. It’s managed and operated by David’s team and investors not only get the returns, but also the knowledge that they’re participating in a socially sustainable program.
For investors looking for a legacy investment to pass on to their kids, or to invest in a program that’s socially sustainable, this is worth a serious look.
To learn more about David’s coffee and cacao operation and how you can get involved, send an email to beans [at] realestateguysradio [dot] com, and we’ll get you his special report on both opportunities!
And, we’d love to see you in September with David at our Secrets of Successful Syndication seminar. Here’s where to sign up!
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MANY lessons from Amazon’s HQ2 search …
You’ve probably noticed Amazon is taking over the world. There’s a lot we could say, but we’ll narrow our focus to lessons for real estate investors …
In the May Housing News Report, there’s an article about Amazon’s ongoing search for their second headquarters (HQ2).
Even from just a real estate perspective, Amazon is a fascinating company to watch. There are SO many lessons to be gleaned from watching what they’re doing … and how the world is reacting.
In case you’re new to the Amazon HQ2 story …
In 2017, Amazon put out a Request for Proposal (RFP) to bait cities across the U.S. into falling all over themselves to win Amazon’s coveted second headquarters …
… and the 50,000 high-paying jobs (average salary = $100,000 per year) that come with it. We commented on this story at the time.
At first, there were hundreds of cities in the hunt. We said at the time we think there’s an excellent chance Amazon will pick Atlanta.
Early in 2018, the race narrowed to 20 finalists … and Atlanta’s still on the list.
Which brings us to now …
In the Housing News Report article, there’s a link to an analysis by Daren Blomquist of Attom Data Solutions. Daren ranked the 20 finalists by comparing the cities on certain criteria defined in Amazon’s original RFP.
It’s the same process we did, except Daren used actual data … we just guessed.
Here’s Daren’s actual chart for your viewing pleasure …
Notice Atlanta’s ranked #2. So our hunch is holding its own … so far.
Meanwhile, there several useful things to glean from this chart and the story behind it, so let’s dig in …
Single family homes are NOT an asset class
We’ve said it a thousand times, but just look at the median prices. They range from $130,000 in Indianapolis to $1.445 MILLION in New York.
When people say, “Housing is in a bubble!” … what housing are they talking about? Indy? Seems pretty cheap based on median price and affordability.
And when high-priced markets start hitting the top of their affordability range, people MOVE … to more affordable markets. People ALWAYS need a place to live.
So while it’s true that migration patterns drive prices … demand rises or falls as people move in or out … it’s often economics that drive migration patterns.
So an alert investor can get in front of growing demand and ride a wave up. That’s exactly what the folks who got into Dallas five years ago have done.
Equity happens … but not evenly
Look at the disparity in five-year appreciation rates among these markets … from just 8% in Montgomery County to 246% in Dallas. HUGE difference!
Even in markets where median prices are similar … say Dallas and Miami… the five-year appreciation variance is substantial … Dallas coming in at 246% and Miami at “only” 71%.
So price doesn’t seem to be the deciding factor for appreciation.
And neither does property tax … as Dallas is second highest behind New Jersey (hey, New Jersey had to win at something), but Dallas is still king of appreciation.
Meanwhile Denver has the lowest property tax … half of Atlanta … yet their appreciation rates were about the same.
And price-to-income ratios don’t seem to make the difference either … as Los Angeles and New York are both equally unaffordable, yet New York has half the appreciation.
Keep it simple …
Obviously, this is just one chart … and it’s easy to get lost in the weeds. We don’t want paralysis from analysis. So charts like these are just the start of a deeper dive.
But it doesn’t have to be complicated. Here’s what we look for …
What do winners have in common?
Dallas and Austin are both triple-digit appreciators … even though Dallas grew at twice the rate of Austin. Is it just simply they’re both in Texas or is there more to the story?
Of course, 10 years ago, Dallas was coming off being one of the slowest appreciating markets in the country. So something changed that dramatically…
What’s driving appreciation?
Prices get bid up when supply is growing more slowly than demand with capacity to pay.
So though you can see affordability based on income on this chart, you can’t see supply and demand drivers. Neither can you see the economic drivers.
But you need to look at them.
That’s why we say you can’t study 20 markets well. It’s too much. Use a chart like this to pick your top three … and get to know them very well.
What markets are poised for growth?
Once you understand what makes a market like Dallas tick … and how it went from no growth to explosive growth … you can watch for similar factors in sleepy markets.
When you spot something interesting, you go in for a closer look. If things go your way, you get there before the masses … and you get to catch a rising star!
What are the big players doing?
Big players can do research you can’t. But that’s okay because you can piggy-back on their hard work. It’s like cheating off the smart kid in school, except you don’t get detention.
Amazon is a juggernaut in American business … and their power is impacting real estate of all kinds … retail, industrial, and even office and housing in markets where they have a footprint.
That’s why SO much attention is being paid to their search for HQ2.
But another reason to watch is they’re leaders in business decision making too. Other employers are watching what Amazon does and being influenced by it.
So when Amazon ultimately picks a city, we’re guessing other companies will cheat off their homework … and pick the same city.
The reason we bet on Atlanta is because many other Fortune 1000 companies had already chosen Atlanta as a great place to set up shop.
We don’t know what process they went through to get there. We just know they did. So as Amazon goes through its process … they may reach similar conclusions.
Of course, Raleigh is also home to a comparable number of big companies.
But based on the world-class airport, huge labor pool, access to higher education, major distribution, and a business-friendly environment … though it’s close, we still think Atlanta has the edge.
Then again, Jeff Bezos isn’t consulting with us, so we’ll just have to wait and see like everyone else.
Meanwhile, as the field narrows, we’ll continue to learn where corporate leaders think the best location is for their businesses, employees, and new job creation.
Until next time … good investing!
More From The Real Estate Guys™…
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The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.
Ask The Guys – Unraveling the Mysteries of Real Estate
It’s one of our favorite segments … answering YOUR real-world questions about real estate investing.
In this batch of mail, we run through where to start with syndication and investing to how to think about self-directed retirement funds and everything in between.
As a reminder, our show is about offering ideas and information, but we are not legal or tax professionals and do not give advice. Always see a pro for advice on your specific situation.
In this episode of The Real Estate Guys™ show you’ll hear from:
- Your problem-solving host, Robert Helms
- His unraveling co-host, Russell Gray
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Question: I’m a real estate agent and would like to start investing for myself. How do I get started?
Kristen in Seattle, Washington, brought us this wonderful question. First of all, hats off to you for wanting to be your own best client!
Starting with the right education is so important and so is developing your network. You might consider joining an investment club, but you could also think even bigger and start your own!
Starting a syndication or investment club can be very successful if you surround yourself with the right people and experts. Here’s a few people you’ll probably want to include:
✓ A CPA to help with understanding tax benefits
✓ A mortgage broker to extract excess equity
✓ Other real estate agents … especially those with investment knowledge
You can convert your pursuit of education into a profitable business. Start by going to events with meetups and investment clubs. Remember, it’s not just the presenters who have a great story. It’s also the people in the seats. Make lasting connections with other attendees, and bring them into your network.
Question: Which materials … books and blogs should I read for getting educated in investing?
Our best advice to Luca in Croatia, who submitted this question, is to not just read a book … STUDY a book. Prepare your mindset to start thinking like an entrepreneur.
What does this mean? Find a group of people who are interested in investing, and get together and discuss a book.
You’ll learn by listening to what others have to say AND teaching different concepts. Repeat the process of learn, study, teach, and use these discussion groups to build your network.
Recruit people who are further along in the investment process than you to learn from them. You want to discover not only the technical aspects of what they do, but also how they think. Explore their mindset and examine how it makes them successful.
Question: I want to self-direct my retirement funds after I leave my job. How can I use this money to invest in real estate?
This question comes from Jason in Stokesdale, North Carolina. Some aspects of this type of investing can get a little tricky, so remember to always seek advice from a tax and legal professional.
For money that’s in a 401k from an employer, you might have access to what’s called an in-service withdrawal. You might also consider taking out a loan on your 401k.
As with any investment, make sure that the numbers add up, especially since there are important tax considerations to make when you’re investing borrowed money. This is also where a CPA will come in handy.
The vast majority of custodians do not allow for traditional investing and don’t charge a lot in fees and maintenance charges because they make a piece of what you’re investing in. Non-traditional custodians may charge more fees upfront because they do not make a piece of anything you invest in, but they can offer more flexibility in what you invest in.
If you want to know more on this topic, we have a couple reports that might be helpful on Qualified Retirement Plans (QRP) and Individual Retirement Accounts (IRA). You can get both of those by emailing QRP (at) realestateguysradio (dot) com AND IRA (at) realestateguysradio (dot) com.
Question: For those who don’t like all the work of real estate investing, how do you find a trusted syndicator?
Roy in Bridgewater, New Jersey, and Patrick in San Diego, California had similar questions about passive investing through a syndicator. They both want to break into the bigger real estate deals, but are worried about putting their money into the wrong hands. Syndication is a powerful tool that we’re big fans of here on the podcast, but vetting your syndicator is key!
First, look up all the info you can on your sponsor and know who you’re dealing with. Ask them upfront if there’s anything important you should know about them or their business, and then, go searching.
Referrals are a good way to get to know your sponsor. Careful Google searching (watch out for false information on the internet!) and looking up professional licenses and potential trouble with regulators are also essential before doing a deal.
Also, make sure their attorneys and legal documentation all checks out.
As we’ve said many times before … develop a relationship with the sponsor. Take the time to get to know them and the types of deals they do to make sure it’s a good match.
We’d love to talk to you more about syndication at our Secrets of Successful Syndication event on September 13-14. Register now!
Question: I have a commercial property near the end of its lease. Should I sell it or keep the passive income?
Colleen in Savannah, Georgia, has had a triple-net (commercial) property for 13 years, but the lease will be up in 4 years. She enjoys the passive income from the property, but wants to know if it might be time to let it go.
We discussed the advantages of commercial property in detail with Tom Wilson in our Profitable Niches series, and the longer leases and steady income are definitely big pluses!
Lease negotiation can happen before a lease is up, so that’s an option to make the deal sweeter for a potential buyer. But, here are a couple questions we would ask to determine if selling is the right choice:
✓ Knowing what you know now, would you buy it?
✓ If you did sell it, what would you do with the money?
Ultimately, the decision to sell or keep the property is up to you, but evaluating the lease with fresh eyes is a good way to keep your investments in line with your goals!
Question: How can I make some of my assets more liquid to prepare for an economic downturn?
Marty in Richmond, Virginia, has some real estate investment experience, but he’s concerned about a possible negative turn in the economy and how to protect some of his assets he’s received after selling a property.
We discussed the state of the economy and how to protect and grow wealth at great length in our video series: The Future of Money & Wealth. Take a look at that seminar for valuable insights from incredible experts.
To answer the question, if you think the market is going to downturn, you’ll want to play your investments differently. There are pros and cons for stock market investment and even bank investment, and they all carry different risks.
If you want something that is liquid and fairly stable in relation to the dollar, you could consider a couple options like currencies, precious metals like gold, or putting your money in the bank or a safe.
Some other creative strategies are looking into a private mortgage or note or even paying cash outright for a property. As long as you’re able to cover property taxes, having a property in a stable market is a good way to keep cash flowing in a down market. Even in a poor economy, people need a place to live.
Question: How many times a year is your syndication class given?
This was an easy one from Floyd in Las Vegas, Nevada. We do our Secrets of Successful Syndication podcast twice a year. The next one is coming up in September, and we’d love to see you there!
More From The Real Estate Guys™…
- Sign up for The Real Estate Guys™ Free Newsletter and visit our Special Reports library.
- Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
- Stay connected with The Real Estate Guys™ on Facebook, Google+ and our Feedback page.
The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.
Beware of bubble genius …
Hard to believe it’s nearly 10 years since Fannie Mae and Freddie Mac collapsed and were taken over by Uncle Sam.
Time flies when you’re getting rich.
It’s been a GREAT run for residential real estate investors … especially apartment investors. Free money in the punch bowl can really juice up a profit party.
But after 10 years of equity happening to real estate bull market riders … it’s a good time to think about where we are, where things are headed, and what to do next.
And looking forward comes in two parts: external and internal.
The external is the world of variables outside your control. Like driving down the freeway, there are lots of other drivers whose actions affect YOUR safety and progress.
But the key to your success isn’t what’s going externally. It’s how YOU navigate those external circumstances … based on what’s going on inside of you.
It’s about financial and emotional intelligence.
Because what you think and believe affects what you do … and what YOU do has the greatest impact on the results YOU experience.
One of the biggest dangers of riding a wave of easy money into gobs of equity is thinking you’re an investing genius.
We know … because it’s happened to us … and we see it happen all the time.
It’s much harder to be humble, curious, teachable and innovative when you already think you’re smart.
It’s important to know the difference between luck and skill.
True financial genius is being able to make money when everything externally is falling apart … like a pro race car driver deftly navigating a multi-car melee at 180 miles an hour.
That’s REAL skill. Anyone can rocket down an open road.
Fannie Mae’s chief economist Doug Duncan told the audience at Future of Money and Wealth he thinks recession is likely in the not-too-distant future.
And Doug made those comments after reminding everyone his last year’s Summit predictions were all essentially spot on.
So based on both his pedigree and track record, Doug’s qualified to have an opinion. And we’re listening.
“The time to repair the roof is when the sun is shining.”
– John F. Kennedy
The sun’s been shining on real estate investors for ten years now. Maybe you’re one of the many who’ve made tons of money. We hope that trend continues.
But as our friend Brad “The Apartment King” Sumrok reminds us … it’s time to approach today’s market with a little more sobriety.
Money and margins are both getting tighter.
This means paying better attention to detail, increasing your financial education, and being careful not to rationalize marginal investments to bet on positive externals.
In other words, beware of being a bubble market genius … and thinking what worked in a bull market will work when things change.
Better to work on sharpening your skills at finding and creating value.
Of course, real estate is FULL of pockets of opportunity … the polar opposite of a commodity or asset class where everything’s the same and moves together.
Real estate’s quirkiness befuddles Wall Street investors … but thrills Main Street investors.
A case in point are apartments …
On the one hand, lots of brand new inventory is coming on the market … and it’s putting pressure on landlords to offer profit reducing concessions.
On the other hand, more affordable existing stock is attracting lots of interest… from both tenants and investors.
So “housing” isn’t hot or cold. And neither are “apartments”. Real estate defies that kind of simplistic description.
Of course, it takes financial education to recognize the difference between momentum and value.
It also takes time, effort, and relationships to actually find the markets, team and properties to invest in.
For most people, that’s way too much trouble. They’d rather sit in their crib with their trading app … or turn their financial future over to a paper asset advisor.
That’s all peachy until rates rise, recession hits, and paper prices plunge.
History … and Doug Duncan … says the inevitable bear market is getting closer.
Of course, as we’ve previously commented … when paper investors get nervous, one of their favorite places to seek safety with return is real estate.
So for active and aspiring syndicators … it really doesn’t get any better than right now.
Think about it …
MILLIONS of baby-boomers are retiring. They need to invest for INCOME.
And they’re sitting on stock market equity, home equity, and retirement accounts …
… holding many TRILLIONS of wealth needing to (literally) find a home withreliable income and inflation protection.
Their paper asset providers will try to meet the need, but their toolbox isn’t properly stocked. They can’t do private real estate.
But as boomers struggle at squeezing spendable money out of sideways or stagnant stock markets, they’ll look towards dividends and interest. Cash flow.
The challenge with dividend stocks is … in a volatile market, investors face capital loss on share prices. Worse, dividends can be cancelled.
Compare this to rental real estate, which produces far MORE reliable income than dividends with LESS price volatility. And no one is cancelling the rent.
So dividend stock investors would LOVE income property … IF it just wasn’t so darned hard to find, buy, and manage.
What about bonds and bank accounts for income? (Try not to laugh out loud)
Remember, a deposit is a LIABILITY to a bank. When you deposit money in the bank, the bank needs to create an offsetting ASSET … a loan.
But the Fed has stuffed banks full of reserves … and there aren’t enough good borrowers to lend to.
Banks don’t need to offer higher interest to attract deposits. So they don’t.
As for bonds …
Yes, it’s true bond yields are edging up, which means bond holders earn a little more income … but at a what price?
Rising bond yields also mean falling bond values. So bond buyers are understandably very nervous about capital loss on their bonds.
WORSE …, bonds carry the added risk of default or “counter-party risk.”
A bond default is TOTAL loss. Yikes.
Real estate to the rescue …
The relative safety and performance of income property or income producing mortgages secured by real estate is extremely attractive right now.
The biggest problem for passive paper investors is real estate is hard to buy, messy to manage, and takes more financial education than just knowing how to click around an online trading app.
And THAT is the BIG opportunity for skilled real estate investors to go bigger faster with syndication.
Whether you decide to explore the opportunities in syndication or not … it’s important to stay curious, alert and proactive.
Most real estate investors we know are preparing for the next recession … because that’s when true financial genius pays the biggest rewards.
Until next time … good investing!
More From The Real Estate Guys™…
- Sign up for The Real Estate Guys™ Free Newsletter and visit our Special Reports library.
- Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
- Stay connected with The Real Estate Guys™ on Facebook, Google+ and our Feedback page.
The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.
Rising rates, oil, and an angry Amazon …
Even though the Fed skipped a rate hike last meeting, someone forgot to tell the 10-year Treasury yield, which has broken over three-percent … DOUBLE where it was just two years ago.
In case you don’t know, the 10-year Treasury yield is arguably the single most important interest rate on Earth … certainly for real estate investors.
Of course, oil broke over $80 a barrel last week also … in spite of dollar strength. So while dollar-denominated gold dipped … oil rose.
It makes us wonder what oil will do if (when) the dollar starts falling again!
Now before you check out, let’s consider what all this means to Main Street real estate investors.
Obviously, interest rates matter because most real estate investors are liberal users of mortgages. Higher rates mean higher payments and less net cash flow.
But as we often point out, rising rates also affect your indebted tenants. Higher rates mean bigger payments on credit card, installment, and auto debt.
And speaking of auto-debt, sub-prime auto loan defaults have spiked above 2008 levels. It seems consumers at the margin are starting to struggle.
Now back to oil …
If you’re an oil investor … or you buy real estate in areas whose economies are
strongly supported by the oil industry … higher oil prices can be a GOOD thing.
For everyone else, it means gas … and all petroleum derived products … andanything produced or transported with oil-derived energy … are all getting more expensive.
And for your working class tenants … the cost of filling up their commuter cars is getting worse too.
So until all this “wonderful” inflation makes its way into wages, working class people are still getting squeezed.
All that to say, it’s probably a good idea to tread lightly on rental increases unless you’re very sure your tenants can handle it.
But of course, these are the fairly obvious concerns. But there’s something even MORE ALARMING circling on the horizon …
Pension Problems Potentially Pinching Property Owners
(Sorry. Peter Piper purposely pressured us to print that prose. ‘pologies …)
In a recent post, we highlighted a SHOCKING proposal by the Chicago Fed to punish property owners by imposing an additional one-percent property tax … to pay for Illinois’ severely under-funded pension plan.
Of course, Illinois isn’t only the place with pension problems, so be on the lookout for a punitive tax proposal coming soon to a neighborhood near you.
This is why we continually point out it’s REALLY important understand the markets you’re in.
It’s like buying a condo in a troubled complex, but never bothering to review the HOA financials …
YOU might be hyper-responsible, but if the HOA’s in trouble … you could be too, because they have the the power to assess YOU to pay for it.
As we pointed out at Future of Money and Wealth, governments sometimes do desperately dumb things when they’re facing financial challenges.
Don’t Slap an Amazon
The latest case in point comes to us from the super-city of Seattle … home of Amazon, Starbucks, Boeing and several other mega-employers.
You may have heard, the city council of Seattle voted 9-0 to impose a “head tax” on all businesses doing over $20 million in GROSS revenue.
The original tax proposed was over $500 per person. But after businesses complained, they backed off to “only” about $275 per head.
The purported purpose of the tax is helping the homeless, which is a noble cause. But regardless of how you or we feel about it, what matters is how the employers feel … and they’re NOT happy.
Amazon fuming after Seattle votes to tax high-grossing corporations to help the homeless
“ ‘We are disappointed by today’s city council decision to introduce a tax on jobs,’ [Amazon Vice President Drew Herdener] said in a statement.
“ ‘While we have resumed construction planning… we remain very apprehensive about the future created by the council’s hostile approach and rhetoric toward larger businesses, which forces us to question our growth here…’ ”
“Starbucks Corp., another of the 300 businesses that will have to pay the job tax, seconded that.”
Think about this …
These are two pre-eminent brands and major economic drivers for Seattle and its surrounding neighborhoods … and there are 298 other big businesses also affected.
While they’re not likely to all pack their bags and move out in the middle of the night, Amazon’s comments make it clear they’re also not committed to staying or growing.
Again, it doesn’t matter how YOU feel about these companies, the homeless problem, or the role of government in redistributing wealth …
… what matters is how employers feel and what they choose to do when slapped with taxes or regulations.
Because if these companies go in search of a friendlier environment, one area will lose current and future jobs … and others will gain them.
As real estate investors, we want to be on the right end of that shift. That’s why we’re always watching for clues in the news.
Until next time … good investing!
More From The Real Estate Guys™…
- Sign up for The Real Estate Guys™ Free Newsletter and visit our Special Reports library.
- Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
- Stay connected with The Real Estate Guys™ on Facebook, Google+ and our Feedback page.
The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.
Profits, jobs, and opportunity …
In spite of rising rates and concerns about bubbles … real estate is looking pretty good right now. At least the right real estate in the right markets.
Of course, “real estate” can mean a lot of different things. In this case, we’re talking about good ol’ fashioned single-family residences. Houses.
Yes, we know mortgage rates are rising. But that just means it’s harder for renters to buy a home … which keeps them renting … from YOU.
And if you proceed with caution, there are some reasons to pursue single-family homes even though prices have recovered substantially from the 2008 lows.
Consider this Yahoo Finance headline:
Small business earnings hit all-time high, NFIB declares
“Small business earnings rose to the highest levels in at least 45 years last month, according to the results of a survey from the National Federation of Independent Businesses (NFIB) …”
“ … the 17th consecutive month of ‘historically high readings.’”
That’s good news for small business owners … and for the U.S. economy. It’s commonly believed that small business drives a majority of job creation.
So perhaps this CNBC headline isn’t a big surprise …
Job openings hit record high of 6.6 million
Of course, job creation is good for landlords. It’s a lot easier for tenants to pay rent when they actually have jobs.
But there’s the issue of wages. Even though the unemployment rate fell below 4% … which is considered “tight” … wages still haven’t risen substantially … yet.
Meanwhile, life is getting more expensive as rising interest rates, gas prices and healthcare premiums are among several factors squeezing household budgets.
While jobs are good, it’s hard to save up for a down payment when living costs are going up faster than paychecks … which keeps people renting.
And if all that isn’t a big enough challenge, there’s the problem of high housing prices. Obviously, higher prices also make it harder for renters to become homeowners.
So all that’s not horrible news for landlords … especially those who are investing in more affordable markets and property types.
But there are two more parts to the story …
First has to do with a deeper dive into the jobs market. The April jobs report didn’t seem great at first blush.
But in the past, the reports looked great at first, then you’d drill down and discover the jobs created were low-wage service industry jobs.
Notably, recent jobs reports reflect a subtle but important shift in the composition of jobs.
So while the quantity of jobs created might be not bad … the quality is actually looking pretty good.
According to this Wall Street Journal article, manufacturing added 24,000 workers in April … after adding 22,000 and 31,000 in the last two months.
“While manufacturing employment has been generally declining for decades, hiring picked up in the sector over the past year.”
Way back our 2011 blog, What Washington Could Learn from Real Estate Investors, we argued that not all jobs are equal. We like what’s happening.
Seems to us if the American economy can keep this up, it’s a tailwind for housing … in spite of rising rates, inflation, and high debt levels.
And speaking of wind …
As we discussed at length during Future of Money and Wealth, the entire financial system is based on debt. So to grow the economy, debt MUST grow.
The why and how of all that is too big a topic for today’s discussion, but if you take it at face value, it really explains a lot. It also has some big ramifications for real estate.
After 2008, lenders ran away from real estate … but debt still needed to expand. So new debt-slaves borrowers were needed.
Student debt soared. Sub-prime auto loans spiked. Credit cards hit record highs. Corporations borrowed heavily to bid up their own stock.
But today, students are reconsidering the value of a financed college education. Auto sales are slowing. Credit card losses are mounting.
Corporations are slowing down their borrowing … with nearly 14% of the largest companies unable to pay their interest payments from earnings.
In fact, a recent Bloomberg article quotes Gregg Lippman of “Big Short” fame as saying corporate debt will trigger the next financial crisis.
“ … corporate debt and equities will face the biggest pain when the next downturn comes. Investments linked to consumer debt, unlike the last crisis, will be relatively safe …”
“The consumer is in much better shape than corporates. Consumers are less levered than they were pre-crisis. Corporates are more levered than they were pre-crisis …”
So let’s wrap this all up and put a bow on it …
If it’s true debt MUST expand, lenders will be looking for where they can make loans. Remember, your debt is their “investment”.
There are already tremors in the debt markets. Lenders will be looking for quality.
Similarly, there are tremors in the stock markets. Investors and consumers will be looking for an alternative for their wealth building (remember, consumers consider their home an investment).
So we think there’s a good chance the focus will shift to real estate again. Just like it did in the early 2000s.
Yes, we know the run-up from 2000 – 2008 ended badly. But not for everyone.
If you buy the right markets, use sustainable financing structures, and pay attention to cash flow, there’s an argument to be made that single-family homes still have solid potential for long-term wealth building.
Until next time … good investing!
More From The Real Estate Guys™…
- Sign up for The Real Estate Guys™ Free Newsletter and visit our Special Reports library.
- Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
- Stay connected with The Real Estate Guys™ on Facebook, Google+ and our Feedback page.
The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.
Profitable Niches – Investing Internationally
Is investing offshore right for you?
International investing can be both exciting and daunting. In our fourth installment of the Profitable Niches series, we hope to demystify the process for investors looking to cross some borders.
Every investment has a risk … you just have to learn how to evaluate the risk and the reward so you can choose wisely.
In this episode of The Real Estate Guys™ show you’ll hear from:
- Your world-traveling host, Robert Helms
- His petrified-of-planes co-host, Russell Gray
- CEO of Mahogany Bay Village and international investor, Beth Clifford
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Expand your horizons with international investing
Our guest has made a name for herself in international investing.
The CEO of Mahogany Bay Village and a pro at international resort investing, Beth Clifford started expanding her own real estate business by moving into different states.
It wasn’t long before she got an itch to start looking outside the United States.
She’s a great example of someone who’s become a success by opening up her geographic horizons.
“It’s always convenient to live and invest in the same place, but real estate is about location,” Beth says. Investors have to look beyond what is outside their bedroom windows.
International investment also provides an opportunity to diversify and put your assets into different baskets.
Whether you’re an investor looking to expand beyond your state of residency or your country, Beth says the methodology is the same.
To invest smartly, you have to understand the market, laws, and culture of the place you’d like to invest in.
And just because there might be a learning curve doesn’t mean you should shy away from good opportunities.
Take what you’ve learned and expand it into another arena, whether that’s a new asset class in the same location or the same asset class in a new location.
Either way, you expand your world—and get the chance to become an expert all over again.
When you’ve learned one new market, it’s easier to get to know a second one, Beth notes.
And … “It’s all about teams,” she says. As someone who owns, invests, and develops in multiple countries, Beth has learned the value of a talented team.
Let’s talk about taxes
As soon as you cross a country border, you have to understand an entirely new tax system. That’s why Beth has separate development companies for properties inside and outside the U.S. … and why she enlists professional help when it comes to accounting.
Although taxes can be tricky, owning property and businesses outside of the United States can reap great tax benefits.
Despite that, some tax professionals still make a habit of creating fear, uncertainty, and doubt for investors who would like to make some money across country lines.
Beth recommends shopping around for an informed professional … because although the attorneys make it seem hard, there are really only three documents you need to complete each year.
She recommends professional assistance for at least your first two years, until you have a solid understanding of the basics.
One thing to be aware of? Currency arbitrage and exchange. If you’re unaware of currency issues, they could bite you. Make sure you understand whether you can easily exchange currency and whether the jurisdiction you’re investing in is neutral.
A relationship business
Real estate is a relationship business. And especially when investing beyond your familiar boundaries, building local relationships is key.
We asked Beth how to she expands her network across borders.
“I ask for help when I go into a market,” she says. Investors should have “an attitude of humility, not hubris.”
The first thing Beth does is look for the Class A players in a given market. Who are the top three law firms, employers, development companies?
Beth seeks out the movers and shakers … then picks their brains for advice.
“A players fly with A players,” she says. “It’s the rule.”
Networking doesn’t cost you money … and it gets you into the contact database of the best and brightest.
Once you’ve sought out the best, go in with the intention to learn. Ask these bright business people how they’ve obtained their success and where they see YOU going wrong or right.
The goal is to find team members who provide value to you … and are excited to do so.
And one business relationship can net literally millions of potential customers.
It’s all about leveraging yourself.
Is making connections any different in a foreign country? “People are the same everywhere,” says Beth.
Basic human connection is the key, no matter where you go. People want the same things … so connect on a common level.
Thinking about making the leap?
Wondering whether you’re cut out to be an international investor?
Beth recommends starting by test driving the market. Do a due diligence tour outside of the U.S. … like one of our discovery trips.
It’s a great way to get to know the area in which you might be investing, educate yourself on the culture and special considerations, get to know local movers and shakers … and have some fun.
Seeing how others put together international investments can be eye-opening, says Beth. Discovery trip attendees get a year of education … in four days.
So get there … and see what awaits you beyond the horizon.
More From The Real Estate Guys™…
- Sign up for The Real Estate Guys™ Free Newsletter and visit our Special Reports library.
- Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
- Stay connected with The Real Estate Guys™ on Facebook, Google+ and our Feedback page.
The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.
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