199 episodes

Join industry professionals and personal investors from the Roofstock team as they discuss all things remote real estate investment. From time management, deal analysis, property management, financial considerations and scaling your portfolio, to interviews with other industry experts, this is the place to be to master real estate investment.

The Remote Real Estate Investor Roofstock

    • Business
    • 5.0 • 1 Rating

Join industry professionals and personal investors from the Roofstock team as they discuss all things remote real estate investment. From time management, deal analysis, property management, financial considerations and scaling your portfolio, to interviews with other industry experts, this is the place to be to master real estate investment.

    Brandon Schwab on how senior living facilities are powerful win-win investments

    Brandon Schwab on how senior living facilities are powerful win-win investments

    Brandon Schwab is based in Chicago where he specializes in boutique assisted living. Brandon who is, founder, and CEO of Shepherd Premier Senior Living and Boutique Senior Living Fund had experienced first-hand the deficient care of his grandfather at a large, industrial-type senior living facility, he vowed to make improvements in the industry by starting his own senior living company that provides better, quality care to the elderly.

    It seems that parts of the US are significantly under-served with this class of product. To learn more or to connect with Brandon tune in to today’s podcast and you can set up a time to speak with him directly. Brandon talks about his unique business model of syndicating small senior living assets.

    Episode Link:

    https://boutiqueseniorlivingfund.com/

    wwww.shepherdpremierseriorliving.com

    www.brandonschwab.com

     

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Brandon Schwab, who is going to be talking to us about how he's turning the senior living facility industry upside down. So let's get into it…

     

    Brandon Schwab, what's going on, man? Thanks so much for taking the time to hang out with me today. I appreciate you coming on.

     

    Brandon:

    Hey, man, this year is awesome, man. Thank you for having me.

     

    Michael:

    Oh, of course and I think we're gonna have a lot of fun today, talking about senior living, which is I don't think we've ever covered this topic on the show before. So I'm super excited.

     

    Brandon:

    Never…?

     

    Michael:

    I don't think ever I don't think ever and shame. I know, I know, I know. Shame on us, that’s our bad but give us the quick and dirty. We're gonna get into senior living in just a minute. Give us we can do it, who you are, where do you come from and what is it that you're doing in real estate today?

     

    Brandon:

    Down and dirty… I've been in Crystal Lake Illinois. For 35 years, I am 40. I've got two kids I got in real estate in 2010. But back before that, I actually opened up our own company at the age of about 15 years old. I did that for 14 years, until I figured out quickly that I didn't actually own anything. I thought I owned something the whole time. But I found out at the end, I didn't actually own any assets. So therefore, I  didn't actually have anything to own to actually have up for sale. So I got into this industry in 2010. After I got crushed after 2008 happened. I at the age of 15. I was cleaning cars in RVs for 14 years and I thought I was crushing it doing there. I was taking home 200 220,000 per year but I was probably working 7080 hours per week. So like wholesaling back in 2010. Because I was like dude, I got paid like $200 for each car and probably about 500 for each RV. So like wholesaling in our first deal was like $1,000 I was like, do you know that would take me like 40 hours just to like, even come close to that and I said I have to get into that business. So that's it, man, it's awesome. Fast forward to today I am changing the industry for how the elderly are taking care of totally upside down.

     

    Michael:

    That's wait. So you're putting elders on their head? I don't think is that is that good for them?

     

    Brandon:

    We obtained we are changing the whole and we're changing the whole industry of how everyone thinks of it because typically, if you think of the older industry, right? You think of 100 to 200 type with a ton of elderly in there, right? Tons of them, rig

    • 29 min
    How much time and money can an investment mentor save you?

    How much time and money can an investment mentor save you?

    Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert.

     

    The real estate industry is not easy for everyone to jump into. If you have just gotten your real estate license and feel you need extra support before getting your feet wet, or if you are an experienced agent looking to take it to the next level, you may decide to get a real estate coach.

    Rich who is a coaching mentor and investor will discuss the value of having a coach and mentor and what you can expect to find in his new book.

     

    Episode Links:

    https://realwealth.com/

    https://realwealth.com/the-wise-investor-book/

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Rich Fettke, who is an author, investor, coaching mentor, surfer, among many other things, and Rich is going to be talking to us today about some of the mistakes he seen investors make the value of having a coach and mentor as well as what you can expect to find in his book, which is soon to be released. So let's get into it.

     

    Rich, what's going on, man? Welcome to the Remote Real Estate Investor. Thanks for hanging out with me.

     

    Rich:

    Good to be here. Great hanging out with you.

     

    Michael:

    Super excited. So before we hit record here, you and I were chatting a little bit about some sports where you both share in common, but I would love if you could give our listeners a little bit of insight into who you are, where you come from and what it is that you're doing in real estate today.

     

    Rich:

    Sure, absolutely. My name is Rich Fettke and yeah, interesting. The way we got into real estate investing, I'm an I'm an investor and my wife and I also have a company that helps investors but that was what really got us into it was despair. It was about it was exactly 20 years ago, I was on top of my game, I had a book deal, just signed with Simon and Schuster. I was a business and personal coach had a thriving coaching practice, I was giving keynote speeches all over the country. It was like I was just crushing it and I felt so good. I was 37 years old and then I was diagnosed with melanoma, which is an advanced skin cancer but that's not the biggest deal is that they thought it spread to my liver.

     

    So they had me do a CT scan and ultrasound and it kept showing these masses on my liver and so I met with an oncologist and he said, you know, it looks like you got about six months to live and we had a 10 year old daughter. Yeah, it just rocked my world, I had a 10 year old daughter, a three year old daughter. My wife is amazing but she was a stay at home mom and so she was freaking in the sense of what am I going to do financially if Rich dies and so she started to she had a as a coach, we were doing things together, she was also a trained coach and so she had this small radio station in San Francisco that she used to do a radio show on about all areas of life being your best self and personal development and all and s

    • 34 min
    Are current market conditions an opportunity for real estate investors?

    Are current market conditions an opportunity for real estate investors?

    Dana Dunford is the CEO of Hemlane Property Management and a real estate investor. In today’s episode we discuss market conditions, interest rates, what is happening in the stock market, and what the current moment means for real estate investors. If you are wondering if it is the right time to purchase an investment property, you will want to listen to this episode.

    Links:

    Hemlane.com

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The remote real estate investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Dana Dunford, co founder and CEO of Hemlane Property Management. And today Dana is gonna be talking to us about the state of the economy and some things that investors should be aware of and thinking about as we move forward in today's market. So let's get into it.

     

    Dana Dunford, welcome back again to The Remote Real Estate Investor. Thanks for coming on and hanging out with me.

     

    Dana:

    Great. Thanks for having me. Again, Michael.

     

    Michael:

    Oh, my gosh, it is such a pleasure. You are great friend of the pod. Great friend of Roofstock. For those who might not be familiar with you give us the Quick, quick and dirty background of who you are. And background on yourself.

     

    Dana:

    Yeah, so I'm Dana Dunford. I'm here in San Francisco. So just right across the bridge from rootstock. I have been in technology for gosh, now we're going on 18 years. So I'm a tech veteran, which we'll be talking about tonight, today, which I'm excited about. And on top of that, I'm in property management. So we're a tech platform for property management, and partner of Roofstock’s. And we've seen what has been going on since q1, the market softening things changing in technology. So I think this is going to be a great call, because both Roofstock and Hemlane have seen it firsthand. And hopefully this gives some insight into what, what the upcoming year is going to look like for all real estate investors out there.

     

    Michael:

    Totally. And just to give some people, some additional color, you are CEO, co founder of Hemlane, and you just did your series A, what was it q3 of 2021 or q4 of 2021?

     

    Dana:

    Q4, so we raised at the perfect timing, those who are not in venture and the tech world of Silicon Valley. We couldn't have timed it better. You know, right now, and we'll talk about this today. Right now, the market is really softening. There's just less capital going into startups. We can't say this was people were already predicting this. So back in q3, and q4 venture capitalists were already saying, Ooh, there's a lot of money pouring into this valuations are really high. And some had already started pulling back. But it wasn't until what happened in the public markets, where you know, trillions of dollars were taken out of these Sass companies, valuations are overall the market cap, that suddenly the venture world that trickled down and people really started to pull back capital. So yeah, we raised back then roofstock, when was your guys's last raise? Because you guys are at a later stage. And so obviously, also impacted by this and quite, potentially, more significantly than us.

     

    Michael:

    I think we got our term sheet squared away in in q4, as well. So right around that same perfect timing with money getting wired in coming in and in q1.

     

    Dana:

    Yeah, perfect. So you guys will be able to weather the storm with that what we're going to be talking about soon here.

     

    Michael:

    Yep, absolutely. I'm thinking so. Okay, so le

    • 32 min
    An introduction to note investing and self storage with Brian Hamrick

    An introduction to note investing and self storage with Brian Hamrick

    Brian Hamrick began investing in single-family homes in 2002. During the Great Recession, he purchased his first multifamily property and has since worked with private investors to acquire apartment communities, self-storage facilities, and non-performing notes. In 2012 he founded Hamrick Investment Group ("HIG") to help other qualified investors take advantage of the lucrative returns real estate has to offer.

    Self-storage properties enjoy high demand from Baby Boomers in need of extra space as they downsize and from Millennials who would rather pay less for storage than pay rent for more living space. During the last decade, self-storage investment returns have outpaced most other property types, which means investors should take note.

    Episode Link:

    https://www.higinvestor.com/

    ---

    Transcript

     

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Brian Hamrick with Hamrick Investment Group and Brian is going to be talking to us today about note investing, as well as self-storage investing, two topics that are super interesting. I wish I could say that they are near and dear to my heart, but I'm a total newbie at them and have no experience. So really excited to chat with him about that. So let's get into it.

     

    Brian, what's going on, man? Good to see you again and thanks for coming on the podcast.

     

    Brian:

    Appreciate you, Michael. It's great seeing you again, too. Thanks so much for having me on your show.

     

    Michael:

    No, absolutely. I think we're gonna have a lot of fun today as you are a very interesting person with an interesting background. So I'd love for anyone who might not be familiar with you. Can you give us quick insight who you are, where you come from, and what is it you're doing in real estate today?

     

    Brian:

    Yeah, thank you. So my, my name is Brian Hamrick. My company is Hamrick Investment Group and what I what I am I started off as a multifamily apartment investor syndicator and over the years have also expanded into performing and non performing notes, self-storage, vacation rentals, office, a little bit of retail. Basically, if I have a rockstar strategic partner that I can partner up with, I'm the one who raises the money brings the equity and I partner up with someone who's got a great track record knows how to make money in their space and that's, that's kind of my business model for the past five years.

     

    Michael:

    Right on and I don't know if I've actually met or spoke to anyone that got their start with multifamily syndication? Is that really where you got your teeth cut or did you start out with single family kind of like so many of us did?

     

    Brian:

    Yeah, so going way back in 2001. When I first read Rich Dad, Poor Dad, I did get started in single family. I was living in Los Angeles at the time and everything in LA back then was way overpriced. So I started investing in a network that was investing out of state. So I bought single family in North Carolina, South Carolina, and Albuquerque, New Mexico and I got my portfolio up to seven separate single family properties and quickly realize, you know what, this is the very, very slow way to financial freedom and that's when I started looking into multifamily, because I realized you can get that economy of scale by having more units under one roof.

     

    Michael:

    Yep, makes total sense. Okay, well, let's shift gears here entirely and talk about note investing and self-storage and if

    • 31 min
    The most powerful way to convert your primary home into a rental

    The most powerful way to convert your primary home into a rental

    David Friedman has more than 15 years of experience starting and leading technology companies in the real estate industry. In 2018, he co-founded Knox Financial, which offers a smart and frictionless way to turn a home into an investment property, manage that investment property, and secure the appropriate financing for a new home. Prior to Knox, Dave founded Boston Logic, and served as the company’s CEO for more than a decade. At Boston Logic, he led the company in becoming a leading provider of real estate brokerage software. David sold Boston Logic in 2016 and continues to sit on the board.

    Today, David shares how his company facilitates the converting a primary residence into a cash-flowing rental property while allowing you to tap into your equity to purchase a new property.

    Episode Link:

    https://knoxfinancial.com/

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by David Friedman, who is the co-founder and CEO of Knox Financial, and David's going to be talking to us today about anyone who's considering moving out of their primary and converting it into a rental, all the things you need to be aware of, and some of the revolutionary products that Knox financial is putting out to help assist with that process. So let's get into it.

     

    Really quickly, everyone, before we get in today's episode, I wanted to give a shout out to the Roofstock Academy, and encourage everyone to come check us out at roofstockacademy.com. It is a one stop shop for Investor education. Whether you're just getting started or you're scaling up a crazy big portfolio, we probably got something for you. The Academy consists of both automated lectures, access to private slack forums and dedicated one on one coaching sessions, depending on which program you opt to leverage, come check us out roofstockacademy.com. We look forward to seeing you in there.

     

    David, welcome to the show me and thanks so much for taking the time to come on and hang out with me, I appreciate it.

     

    David:

    It's a pleasure to be here, thanks.

     

    Michael:

    Oh, of course, so I know a little bit about your background. I know a little bit about your company. But for those of our listeners who are just joining us and maybe don't know the name, David Friedman, can you give them a little bit of background, who you are, where you come from, and what is it you're doing in real estate today?

     

    David:

    Sure, so my name is David Friedman. I'm originally from New York, where I live in the Boston area, I am the father of three kids, the husband of one woman.

     

    Michael:

    Important to clarify…

     

    David:

    That’s the picture I got, buddy… wasn't worried wondering, I'm a skier. I'm a cyclist, I like to hike. I like it when I swim in a natural body of water as often as possible. Other than that, what am I doing today? So I'm a CEO, and one of the founders here at Knox financial, and we are trying to change how homeowners build wealth. When you move, you have the best investing opportunity of a lifetime, which is to keep that home as a long term investment and we've built Knox around making that investment opportunity possible for millions of families.

     

    Michael:

    David, that's awesome and it's funny because it's something we talk a lot about at the Roofstock Academy about how so many landlords became like accidental landlords. So tell us a little bit about a why you think it is so advantageous fo

    • 31 min
    How to find off-market properties in today’s market

    How to find off-market properties in today’s market

    Anson Young is a real estate agent and the owner of Anson Property Group, which is based in Denver, CO, and specializes in distressed property purchases. As a full-time real estate investor for the past ten years, he has completed more than 120 wholesale deals and 95 flips. Anson and his team specialize in marketing directly to sellers for off-market deals, using many of the methods that can be found in his book Finding & Funding Great Deals.

    A common talking point today is that supply is low, demand is high, and cash-flowing deals are hard to come by. Anson pushes back on this by focusing on finding off-market deals. These off-market properties, otherwise known as pocket listings, are a great source of leads for those that know how to find them. By using some old-fashioned elbow grease, Anson is able to find cash-flowing deals in competitive markets. Today, Anson shares his insights on how he finds off-market deals in today's market.

    Episode links:

    https://www.instagram.com/younganson/?hl=en

    https://www.biggerpockets.com/users/anson

    https://www.youtube.com/c/ansonyoung

    ---

    Transcripts

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Anson Young, who is an investor, agent, wholesaler out in the Denver, Colorado area and he's gonna be talking to us today about how do you find off market deals in today's market environment. So let's get into it.

     

    Hey, everyone, before jumping into the episode today, I would just like to encourage everyone to leave us a rating or review wherever it is you listen to your podcasts, they are super, super helpful for us in getting out there to a wider audience. So if you'd like the content we're producing, or even if you don't like the content we're producing, we'd love to hear from you. Let us know how we can improve and do better, so thanks so much and well let's get into the episode, Anson Young, what's going on, man, thanks so much for hanging out with me today, appreciate you.

     

    Anson:

    Yeah, thanks for having me. It is awesome.

     

    Michael:

    Now, I'm super excited. So I know a little bit about your background. But I would love if you could share with our listeners who might not be familiar with you, who you are, where you come from, and what is your doing in real estate.

     

    Anson:

    Yeah, so I come from Denver and we were just talking about how there's not many natives left. But I was born and raised here and what I do is for since 2006-2005, I've done investment, real estate fix and flips wholesale. Wholesale are just now getting into kind of burr buying holds looking more into short term market and I've been licensed since about 2007. So I've been licensed almost as long as I've been investing.

     

    Michael:

    So right on we actually like just before this episode, we're recording with another guy who is a broker, licensed broker agent as well, as an investor we were talking about, does it make sense for investors to go get their license and kind of vice versa and so that was a really interesting discussion. Has it helped you in your investing being a licensed agent?

     

    Anson:

    Yeah, I don't know honestly, how people do without it, because I can't stand waiting for waiting on other people. So if I had to wait for somebody to send me comps, or if I had to wait for somebody to submit an offer, I would probably go insane. So being able just to do that myself, is huge. So but besides that there's a lot of advantages for

    • 28 min

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