The Myndful Investor

Steve Rozenberg

The Myndful Investor Podcast features real estate thought leaders, active investors and other experts in the real estate industry. Our goal is to educate our listeners on real estate investing and current trends in the market. Find us at www.mynd.co.

  1. Episode 6

    Tips on How to Expand Your Real Estate Portfolio in the Current Real Estate Market

    If you are in your 20s, dreaming about retiring early and living on a yacht sailing the coast, but you are not a child of a millionaire and you’re not a big risk taker, how would you go about it? In today’s episode, Lauren and Kyle Clugston, DIY investors and the stars of The Bigger Pockets Rentals to Wealth series, share their journey and lessons learned from their first three years of investing in single-family and multi family homes in the South Jersey area. Doing everything by themselves, from property management to renovations to finding the properties, Lauren and Kyle have acquired a rental property portfolio of 4 properties and 7 units. You’ll hear about their plans to scale and go beyond the DIY investor’s mindset, as well as about the audacious goal they’ve committed to achieve by The New Year’s Day, all while playing in the current crazy market! What is Covered: 2:45 - How Lauren and Kyle got into real estate investing.5:37 - How they split the work between themselves.7:20 - The benefits and pitfalls of the DIY mindset.12:40 - How to grow from doer to leader.14:40 - What Kyle and Lauren’s next step is in evolving as investors.16:20 - How to avoid the trap of ‘hunting’ for deals and buying emotionally.21:45 - The importance of spending time in building a team.24:20 - The challenges of investing out of your area.28:05 - How to stay patient and observe real estate market cycles.32:20 - The pros and cons of investing remotely and hiring a management agency.40:15 - What has been the biggest challenge for Lauren and Kyle in building their portfolio.43:49 - How to overcome the fear of the unknown on the investing journey.48:20 - What Lauren and Kyle’s next big goal is. Show Resources: Connect with Lauren and Kyle on Instagram Rentals to Wealth Blog BiggerPockets - Rentals to Wealth Rocket Fuel: The One Essential Combination That Will Get You More of What You Want From Your Business, a book by Gino Wickman and Mark C. Winters Meet Lauren and Kyle: Lauren and Kyle Clugston are a young couple of DIY investors from South Jersey, eager to make the most out of their lives. Their goal is to build long-term wealth through buy and hold rental properties, and retire by 2044. Lauren and Kyle’s journey through renovating and managing rental properties from start to finish is featured on The Bigger Pockets Rentals to Wealth series.

  2. Episode 7

    The Benefits of Investing in Turn-Key Properties

    You’ve heard before that investing in turn-key properties is a simple way to generate wealth without taking on a lot of headaches. But what is actually turn-key, how does it work, and what do you need to get started? A seasoned real estate investor Bobby Sharma has been involved in multiple turn-key operations over the years, and he shares with us his passion for this property investment model. Find out all about the benefits and risks of investing in turn-key rental properties, the average prices, the returns, and why this is an increasingly viable way to reach your financial goals. What's Covered 1:57 - Bobby Sharma’s background and how he got interested in real estate.6:36 - How Bobby started investing in turn-key properties and his first deal.9:50 - What is turn-key? A brief introduction. 11:25 - How to choose the areas to invest in. 16:58 - The advantages of hiring a professional property management company.19:22 - The average price range and ROI on a turn-key property.24:04 - Does turn-key help with limited vacancy? 27:50 - The pros and cons of investing in turn-key properties. 34:17 - Does it make sense to own just one or two rental properties?37:49 - The long-term game of investing in rentals. 40:37 - How to get in touch with Bobby Sharma. Show Resources ‍BetterCapital.us Connect with Bobby Sharma on Facebook and LinkedIn ‍ Rich Dad Poor Dad: What the Rich Teach Their Kids About Money that the Poor and Middle Class Do Not by Robert Kiyosaki ‍Meet Bobby Sharma A seasoned real estate investor, Bobby Sharma has been investing actively in various real estate ventures for the past 10+ years. Bobby was a former technology professional that was a member of some very successful startups such as WebEx (acquired by Cisco), Marketo (Acquired by Adobe) and TIBCO. He has been investing in real estate as a passive income generator for more than 9 years. He is currently a private money lender, rehabber and has built one of the largest communities of real estate investors in the Bay Area with over 4,000 members.

  3. Episode 8

    The Impact of COVID-19 on Real Estate Legislation in the Bay Area and Nationally

    Real estate is a business, and it has laws, rules, processes and procedures. Not knowing them is not an excuse, even if they are changing all the time as they are in 2020. Our special guest today, Daniel Bornstein, is an attorney based in California, who specializes in advocating for the rights of owners in landlord-tenant disputes and complex real estate litigation. We talk about the impact of COVID-19 on real estate legislation in the Bay Area and nationally, and why his role is so vital for us investors. We also discuss how we as owners and investors can find legitimate resources and sound advice to help us to navigate the legal challenges we are facing during the pandemic. What We Cover 1:53 - Daniel Bornstein’s background and how he specialized in real estate legislation.4:12 - Why owners are attempting to do things by themselves and avoid hiring an attorney. 10:03 - The biggest legal challenges for the investors during the pandemic, and how things are developing. 15:28 - The problems that arise with the moratorium on evictions and delayed rent payments. 19:24 - How the demographics of the cities are going to change with people moving out and working remotely. 22:38 - How many investors are facing foreclosure in January 2021. 24:41 - The potential opportunities to invest in rural housing with home offices, or private study rooms in the cities. 29:09 - The legal obligations of owners towards the tenants in the context of COVID-19. 33:55 - How to juggle between protecting the tenants, protecting the assets and staying within the confines of the law. 37:12 - Where investors can find resources to stay current with the COVID-19 related legislation. 40:54 - How to decide whom to ask for advice and take into account differences between various local legislations. 46:13 - How to get in touch with Daniel Bornstein. Show Resources Bornstein Law Find Bornstein Law on Facebook National Apartment Association Houston Association of Realtors Houston Association of Residential Property Managers Meet Daniel Bornstein As the founding attorney of Bornstein Law, Daniel Bornstein is a well-respected authority in landlord-tenant disputes and property management issues. With over 23 years of experience in handling real estate and civil litigation throughout the Bay Area, he also manages rental properties, is instrumental in completing real estate transactions and is renowned for his educational seminars.

4.8
out of 5
47 Ratings

About

The Myndful Investor Podcast features real estate thought leaders, active investors and other experts in the real estate industry. Our goal is to educate our listeners on real estate investing and current trends in the market. Find us at www.mynd.co.