Like Minded Investors Real Estate Podcast Kier Vogt & Bill McKee

This week's episode Kier and Bill are going back to basics to explain some real estate terms for the listeners to help them better understand the key terms you should know as a real estate investor.  This is the first episode of a series called "Back to Basics". In the inaugural episode of this series, we touch on some basic types of homes for a rookie investor, Debt-to-Income (DTI), Cash Out Refinancing, HELOC's, House Hacking, BRRRR's, Return on Investment (ROI), Cash-on-Cash Return (CoC), and different mortgage offerings, including FHA and Conventional. This is a must-listen, must-watch take notes episode! 

FHA Requirements

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Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

In a Like Minded Investors first, we have not one, but TWO previous guests returning to tell a story of their friendship and how it helped save a deal. Travis (Episode #12) purchased a multi-family property and had contractor issues. Travis had a relationship with Steve (Episode #11) and reached out to Steve to help save the deal. You don't want to miss this episode! It paints a unique picture of connections and the dynamic between investor and contractor.

 

Don't forget to give our guests a follow on their social media!


Steve: Instagram (@done_right_home_solutions) or Facebook
Travis: Instagram (@travishill1310)

Travis Hill is an active duty Marine stationed in California. His investing journey started 20 years ago while living in Las Vegas. After joining the Marine Corps, the Great Recession eliminated his portfolio. He started investing again in 2018, with the intent of retiring from the Marine Corps not having a W-2 job. His goal is to become financially free from cash flowing RE. He looks to acquire cash flowing properties in both the residential and commercial space. He enjoys connecting others and sharing his knowledge with those looking to start their investing journey.

Steve is a 46 year old who has been been investing “this time” for about 5 years. His investing style is long-term buy and hold rentals, focusing on both multi-families and single family homes. Steve also owns a contracting company, Done Right Home Solutions. Steve is a big believer that the world revolves around the 3 C's - Communication, Contacts, and Confidence.

Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube!

Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

Travis Hill is an active duty Marine stationed in California. His investing journey started 20 years ago while living in Las Vegas. After joining the Marine Corps, the Great Recession eliminated his portfolio. He started investing again in 2018, with the intent of retiring from the Marine Corps not having a W-2 job. His goal is to become financially free from cash flowing RE. He looks to acquire cash flowing properties in both the residential and commercial space. He enjoys connecting others and sharing his knowledge with those looking to start their investing journey.

In today's episode, we talk with Travis about his experiences during the Great Recession in 2008 that led to him having to short sell his portfolio and how he recovered and bounced back through syndications and smaller rental properties. Travis describes the differences between active and passive investing, how to find a syndication and work with them and even touches on residential assisted living units as the "silver tsunami" of baby boomers hitting that age is starting to occur.

Don't forget to give Travis a follow on Instagram (@travishill1310).

Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube!

Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

Steve is a 46 year old who has been been investing “this time” for about 5 years. His investing style is long-term buy and hold rentals, focusing on both multi-families and single family homes. Steve also owns a contracting company, Done Right Home Solutions. Steve is a big believer that the world revolves around the 3 C's - Communication, Contacts, and Confidence.

In today's episode, we dive deep with Steve into goal setting, physical and mental health helping investing, and get into some deals Steve has done. You can hear about his 5-50-50 goal, a funny Home Depot story, and how Steve bought a house in Cleveland for $10,000 and received a letter and gift  card from the seller as a huge thank you! Steve is a wealth of knowledge and you don't want to miss out! 

Don't forget to give Steve a follow on Instagram (@done_right_home_solutions) or Facebook

Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube!

Follow Kier and Bill on Instagram: @realestate.kier and @billyinvestsphilly

This week's guest is Soli (@lattes.and.leases) and she is here to talk out of state investing, partnerships, and private money! 

Soli is a 23 year old out of state investor living in the Bay Area and investing in Cincinnati, OH. In the last year and a half, she's acquired 23 units, comprised of single family, multifamily, buy & holds, and fix & flips. Her portfolio has grown exponentially through the use of partnerships and private money. She is currently working on systems and processes to continue to scale her portfolio. Her 2022 goal is to flip 1 house/month and reach a total buy & hold unit count of 50. She aims to get to $20k/month of passive income through real estate in the next 3 years.

This episode gives a great lens into how to exponentially grow your portfolio and scale by not doing it alone. Soli dives into who she has on her team, how she found her market, her partner, and her private lenders! We also touch on mindset yet again! 

Don't forget to give Soli a follow on IG or check out her website: http://lattesandleases.com/

Soli's Private Money Presentation Template

 Books Mentioned: 


Traction by Gino Wickman
Exit Rich by Michelle Seiler Tucker

Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube!

Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly

 

This week's guest is Zasha Smith (@investwithzasha) and she is here from the beautiful island of Maui to discuss real estate! 

Zasha is a buy and hold investor who also flips homes and like Chris from episode 8, has quit her full-time job to pursue financial independence fully in real estate! 

This episode touches on many facets of investing in real estate including - Affordable Housing/Section 8, gap lending, and going door-to-door for deals. Zasha even explains how some of her rehabs can cost $200,000!

Don't forget to follow Zasha on Instagram for her #MorningRoutineForSuccess and hilarious, creative, and helpful Reels! 

 

Be sure to support Like Minded Investors! Rate, Review, Subscribe to the Podcast and follow us on Instagram and YouTube!

Follow Kier and Bill on Instagram: @realestate.kier and @billydoesphilly