DS04 | Using creative methods to fund real estate investments | Theo Hicks

Theo is a real estate, investor, author, real estate blogger and host of the Unplugged podcast on YouTube.

Theo just recently closed on a 12-unit property; however, he actually bought his property, a duplex, in February 2015. He house hacked this property for a year. In a conversation with colleagues at his previous corporate jobs, some of his colleagues talked about how they own duplexes and never even remembered until they got a check from their investments. This conversation inspire Theo to buy his first duplex in just one month after that conversation.

Theo was able to save up for about 6 months of expenses before quitting his job to work with Joe Fairless on his business, and Theo is still able to build his own real estate business in the process.

Contact Theo: https://www.youtube.com/channel/UCHEpTtXqjOymRsFWhABLK7A

Content mentioned: *Aninal Farm by George Orwell - https://www.amazon.com/Animal-Farm-1984-George-Orwell/dp/0151010269/ref=sr_1_3?ie=UTF8&qid=1501603562&sr=8-3&keywords=animal+farm

DS03 | From corporate jobs to full time real estate investing | Kyara & Khalil

Kyara and Khalil started their financial freedom journey in real estate in 2012 buying their first property in Hartford, CT, but they relocated back to Baltimore, MD to settle. After getting into the real world, they quickly realized that the corporate or 9-5 wasn't exactly what they wanted long term, so they spent a lot of time talking about what their goals were and where they saw themselves going and eventually decided that Entrepreneurship within the Real Estate space was for them. A lot of what drive them to real Estate was the ability to make positive change in the communities in which they invest. In addition, keeping that why at the forefront is what kept them pushing forward.

Kyara bought her first property one year out of college in Hartford, CT. Kyara and Khalil purchased the property for $26,000 with the intent of wholesaling it, but quickly realized that they didn't understand the basics of the areas and the other elements that came with wholesaling. So, they shifted gears and rehabbed the house with the help of a local charity. The renovation cost was $120,000 and bring around $2,500/month, and the house is now worth about $200,000. So, they now have the natural appreciation as well as the forced appreciation from the rehab. The Buy and Hold strategy really aligns with the model of community building as well as long term wealth building.

For those considering to invest in Baltimore but aren't sure, Khalil says the are a lot of institutions, a great art scene, and a beautiful harbor making Baltimore what it is.

Kyara and Khalil still continues to use BiggerPockets.

Kyara quit her job in June 2016, and she mentioned that the fear is big and significant, but what they did was ensured that their rental portfolio had the level of income and stability to be able to pay for their monthly expenses before spinning out.

Kyara and Khalil continue to give back to their immediate community by helping their tenants with resume building and credit repair. They consider themselves landlords with a conscience.

Tweet this: "Understand your why"

Connect with Kyara and Khalil: kkuestate.com or https://charmcitybuyers.com.

Instagram page: www.instagram.com/charmcitybuyers

Content mentioned in the show: Site Kyara and Khalil learn from | www.biggerpockets.com

DS02 | Danny Randazzo | $1M on his 1st deal and how mindset played a role

Dan has work hard to create a lifestyle that allows him and his fiancée to have more control over their time.

Dan started with a property in East Bay area of California (Livermore) during the time when the market was recovering. He bought his first property, which he house hacked, for $475K in 2013 and sold the property 2 years later for $585k. He leased the rooms to two other people, so that allowed him to cover most of the expenses of the condo (mortgage, taxes, insurance, condo association fees, cable, electric, and internet), resulting in Danny paying about $400 out of pocket. This property was a great way for Danny to get started in Real Estate. Danny held the property for 2 years to avoid the Capital Gains tax.

Danny loves Triple Net Leases because the tenants, who are on commercial leases, are typically responsible for the expenses within the walls of the property while the owner is responsible for any expenses relating to the exterior of the building. His first commercial deal, two buildings with 3 units each (5 out of the 6 units leased), was purchased for $1,000,000. For this deal, Danny got a seller lease back, which means the seller paid Danny market rate rents in addition to covering the tax, insurance, and utilities for the one vacant space. Consequently when Danny bought the buildings, the assets were technically fully occupied. The Seller Lease Back lasted for 3 months covering Danny's basis to secure a new commercial tenant for the space.

Danny secured a 80% LTV loan, which means that the bank provided the mortgage of $800k while the remaining $200k is provided by the buyer. Danny was happy with the returns (Cash on Cash Return) in year one, which was more than 30%. This phenomenal deal was found on the MLS, and Danny gave an offer that was $400k under the asking price.

Contact Danny: You can reach out to Danny on his website http://www.randazzocapital.com/

Content mentioned: *Rich Dad Poor Dad - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194/ref=sr_1_2?ie=UTF8&qid=1501452639&sr=8-2&keywords=rich+dad+poor+dad

*Cash Flow Quadrant - https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054/ref=sr_1_1?s=books&ie=UTF8&qid=1501452660&sr=1-1&keywords=cashflow+quadrant

*The Millionaire Real Estate Investor - https://www.amazon.com/The-Millionaire-Real-Estate-Investor/dp/B000YHH1S8/ref=sr_1_2?s=books&ie=UTF8&qid=1501452679&sr=1-2&keywords=The+Real+Estate+Millionaire

*Tony Robbins books: https://www.tonyrobbins.com/

*Donald Trump's books: https://www.amazon.com/Donald-J.-Trump/e/B001H6O8M2

*Dolf De Roos books: https://www.amazon.co.uk/s/ref=nb_sb_noss_1/257-7437466-6165549?url=node%3D268210&field-keywords=dolf+de+roos&rh=n%3A268210%2Ck%3Adolf+de+roos

Loopnet: www.loopnet.com

SHOW 1 | Learn how this 35 year old built $160M in Real Estate | The Dwellynn Show - Financial Freedom through Real Estate

Joe Fairless is an author, apartment syndicator, and podcaster.

Listen in to hear how he has acquired more than $160M in apartment communities assets. Ola interviewed Joe to get some tactical tips on how to succeed in Real Estate.

Joe, who also had a 9-5, has managed to propel his business from 7M to 160M in about 2-3years. We discussed ways in which we can replicate his success in Real Estate.

You can reach him at info@joefairless.com for a free resource guide on multifamily investing. In addition, you can search for Joe Fairless in the iTunes store for his podcast, Best Real Estate Investing Advice Ever Show.

Subscribe and review us on iTunes.

You can also watch the video here: https://www.youtube.com/watch?v=njS0Dk5Gs-I