25 episodes

How to Chose a SMART Real Estate Investing Fund: (Private Money, REITS, Equity, Structure, Tax). Investing in Real Estate Private Equity: Smartest Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding. Inspiration by Nick Jevic, Sean Cook, Jason Hartman, Robert Kiyosaki, Joe Fairless, Than Merrill, Bigger Pockets

Big Mike Fund Podcast Mike Zlotnik (Big Mike)

    • Investing
    • 4.9 • 7 Ratings

How to Chose a SMART Real Estate Investing Fund: (Private Money, REITS, Equity, Structure, Tax). Investing in Real Estate Private Equity: Smartest Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding. Inspiration by Nick Jevic, Sean Cook, Jason Hartman, Robert Kiyosaki, Joe Fairless, Than Merrill, Bigger Pockets

    073: Building and Obtaining Business Credit With Steve Wible

    073: Building and Obtaining Business Credit With Steve Wible

    On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores.
     
    Minute Markers:
    00:20 - Hello and Welcome
    01:06 - A little about Steve
    03:00 - Fundability factors
    06:30 - The process of how Steve works with clients
    08:00 - Business versus Personal Credit Card
    12:35 - Where do people get credit today?
    15:35 - Cash flow financing
    18:00 - Typical terms on introductory rate credit cards
    21:50 - Where to find Steve’s services
    24:00 - How does the government know how to run your business?
    27:00 - Final comments, Final thoughts
    30:43 - Thank you for listening to the Big Mike Fund Podcast
     
    Quotes:
    “Take advantage of [gas cards] and use it and build your business profile. First of all, you’re not using your personal credit. The utilization directly impacts your personal credit score. The less you use it, the stronger your score will be. So it’s there when you really need it.” - Steve WIble
    “Anyone who lived through ‘08, we’ve seen this before. We know what the end result is. In the end, [a lender’s] job is to lend money.” - Steve WIble
    “[CreditSuite] is not a sales company, we want to educate first. If you’re unsure, just reach out” - Steve WIble
    “It’s been very difficult to operate in a government mandated and regulated environment.” - Mike Zlotnik
    “COVID has differentiated between the winners and the losers in a very big way.” - Mike Zlotnik
     
    Resources:
    LinkedIn: Steve Wible
    Office phone: 1-877-600-2487
    Website: CreditSuite

    • 31 min
    072: The Value in Investing in Self-Storage Facilities With Jake Vanderslice

    072: The Value in Investing in Self-Storage Facilities With Jake Vanderslice

    Welcome to The Big Mike Fund Podcast. Today, it is my pleasure and a privilege to welcome Jake Vanderslice to the podcast. Jake is a specialist in self-storage and is also a brother from the Freedom Founders Mastermind as well as the Collective Genius Mastermind. In this episode Jake and I talk about the process, benefits, and the state of investing in self-storage, how Denver is holding up in the pandemic, and interest rates and cap rates.
     
    Minute Markers:
    00:20 - Hello and Welcome
    00:30 - Jake Vanderslice introduction and backstory
    03:08 - The value in investing in existing self-storage facilities
    04:00 - The length of time for the process of leasing a facility and getting it ready
    05:00 - The benefits of self-storage
    06:45 - Jake’s first and second fund
    08:14 - Distributions on Jake’s first fund
    11:54 - REITs and cap rates
    14:50 - Rising interest rates
    16:00 - Denver, COVID, and their status
    19:30 - The risk of oversupply and the challenge of retail conversions
    22:20 - Getting a hold of Jake
    22:58 - Thank you for listening to the Big Mike Fund Podcast
     
    Quotes:
    “We got into the self storage business in 2015 with some institutional partners. We liked the space because it's scalable, repeatable, and predictable. The data at the time suggested that it was historically resistant to downturns.” – Jake Vanderslice
    “One of the main things we like about the asset classes, the granularity of the income streams, you're relying on (in our case) thousands of people to pay us tiny bits of rent every month. Versus in retail projects, for example, we have a brewery paying us $15,000 a month and they're going to pay or not.” – Jake Vanderslice
    “The old adage that cash is king is still important, but I think today cash flow is king, and people just really want predictable repeatable dividends. If you can create that that's compelling” – Jake Vanderslice
    “Commercial banks are still lending. We really haven't seen any other changes beyond just our maturity dates and that 4% on our interest rates.” – Jake Vanderslice
    “The thesis is this as the interest rates drop, the cap rates should match. Directionally, we have COVID which is terrible. It's a pandemic and we’re all suffering health-wise and economically, but on the other side, you've got drop rates. What the Fed has done is created an environment where investors are willing to take lower cap rates because the cost of capital is cheap.”  – Mike Zlotnik
    “We're dealing with a yield-starved environment with rates having trouble to where they are. There are really no great alternatives to Wall Street. The fund yields are very low unless you're dealing with really junk bonds and you're buying into high-risk stuff, or if you are looking for conservative cash flow. It's hard to find..” – Mike Zlotnik
     
    Resources:
    Vanwest Partners
    Jake Vanderslice LinkedIn

    • 23 min
    071: The Stigma of Section 8 and Government Checks With Fuquan Bilal

    071: The Stigma of Section 8 and Government Checks With Fuquan Bilal

    Welcome to The Big Mike Fund Podcast. Today it is my privilege and a pleasure to have Fuquan Bilal. Fuquan and I are good friends and are in a couple of masterminds together (The Collective Genius and The Freedom Founders). He has been doing fix and flips and rentals in New Jersey for the past 20 years. In this episode we’re talking about his experience in the real estate business, trends, what the post-COVID environments might look like, the stigma of Section 8, emotional equity, and so much more.
     
    Minute Markers:
    00:20 – Welcome to the Big Mike Fund Podcast
    01:00 - Fuquan’s background
    02:00 - Notes, Impact Investing, and mixed strategy
    04:00 - Buy and Hold
    05:30 - Fuquan’s returns for investors
    07:00 - The stigma of Section 8 and government checks
    08:20 - Managers, management, and self-management
    13:15 - Cap rates
    16:00 - Post-COVID environment, city life, and shifts in trends
    19:00 - Emotional equity
    21:40 - Investing in small notes, how much sweat is worth
    26:10 - How to get a hold of Fuquan
    26:34 - Thank you for listening to the Big Mike Fund Podcast
     
    Quotes:
    “It is impact investing. You're able to help the owner stay in their house and essentially, you become the bank. That’s what I like about it. It’s another area where I was able to help people and make a profit.” – Fuquan Bilal
    “I think that the big stigma behind Section 8 and low-income housing and government-backed programs was that the quality of the people wasn’t good as the ideal tenant, but there are some good people working and getting assistance, and there are some people who only pay a portion of the rent, and then the government pays a portion. They actually work.” – Fuquan Bilal
    “When we set up systems and processes, it makes it easier to manage data than manage people.” – Fuquan Bilal
    “I'm a seconds guy. We buy a lot of seconds. We buy first also. We invest in seconds that started off with second mortgages. I think it's a really great investment if you know how to manage it.” – Fuquan Bilal
    “As the market matured and as the prices increased, the efficiency had to increase. If you don't get your automation efficiency, you die. You can't survive in there because the returns are lower unless you can better use your time, it’s not a profitable business.” – Mike Zlotnik
     
    Resources:
    Fuquan email: fbilal@nngcapitalfund.com
    Website: NNG Capital Fund

    • 26 min
    070: The Points of Interaction With Multi-Family Acquisitions

    070: The Points of Interaction With Multi-Family Acquisitions

    Welcome to The Big Mike Fund Podcast. Today I’m chatting with Charles Dobens, a multi-family attorney. His personal mission statement is to help investors buy multi-family projects the right way. He talks about coaching, his views on the future of the market, his points of interaction in the process of multi-family property investments, and why this is his passion.
     
    Minute Markers:
    00:20 – Hello and welcome
    01:00 - A bit about Charles and his passion
    05:00 - The points of interaction with multi-family acquisitions
    07:30 - Coaching
    12:30 - Examples of mistakes investors make with letters of intent
    19:20 - Personal story about partnerships in business
    22:00 - Politics
    25:10 - How Charles coaches his students
    28:30 - C-class properties and markets with good cash flow
    31:30 - Workforce Housing
    34:20 - Getting a hold of Charles
    35:34 - Thank you for listening to the Big Mike Fund podcast
     
    Quotes:
    “After it happens, there’s not a whole lot I can do for you but before it happens, I can walk you through the minefield and make sure you’re protected and you do everything the right way.” – Charles Dobens
    “I love it so much because it’s so logical. Being in the multifamily business and being a lawyer, you just like logic..” – Charles Dobens
    “Multifamily investing is not about real estate. It’s about building a business that invests in multi-family property. You’ve got to build that business the right way, then that runs your life and provides you the lifestyle that you need.” – Charles Dobens
    “Plan the divorce before you get married with a partnership.” – Charles Dobens
    “Careful who you partner with. If you partner with an idiot, you’re stuck with an idiot.” – Mike Zlotnik
     
    Resources:
    Multifamily Investing Academy
    Dobens Law - Boutique Law Firm Specializing in Multi-Family Investing
    Twitter: @cdomebslaw
    Email: info@multifamilyinvestingacademy.com

    • 35 min
    069: How Small Businesses and Large Companies Use Virtual Assistants with Robert Nickell

    069: How Small Businesses and Large Companies Use Virtual Assistants with Robert Nickell

    Welcome to The Big Mike Fund Podcast. Today it is my pleasure to have Robert Nickell here on the show with me. Rob is another brother from the Collective Genius Mastermind. He’s also known as the “Master Blaster of the Virtual Assistants.” While he is an expert in virtual staffing, it was his career in real estate that got him there.
    Today we’re talking about virtual staffing and virtual assistants, productivity, documenting processes, and Rob’s business, Rocket Station. Rob talks about how small businesses and large companies use virtual assistants and what sorts of things virtual assistants do.
     
    Minute Markers:
    00:20 - Welcome
    01:00 - A little bit about Robert Nickell
    03:20 - Living in a modern world/the need for virtual assistants
    11:00 - VA work is scripted work
    12:35 - VA productivity with small companies
    14:00 - Documenting processes
    20:30 - Staffing at VA Services
    25:15 - Near-shoring and Out-shoring (outsourcing)
    28:40 - The best way to reach Rob
    30:38 - Thank you for listening to the Big Mike Fund Podcast
     
    Quotes:
    “It’s so easy now, for everything to be interconnected, whether you’re a small business with just a couple of people working in the day-to-day or you’re a publicly traded company. We all operate very similarly today.” – Robert Nickell
    “Most companies, they hire people, you sit next to a colleague, you just kinda watch people, you absorb through osmosis I call it, through just, kind of, working in there. After 2, 3, 4 months, you’ve been around it enough and watched enough that you get it. Even big companies don’t do a good job documenting processes.” – Robert Nickell
    “For us it starts with that system mapping, that process documentation. That creates the road map.” – Robert Nickell
    “We leverage things like cultural index and other profiling resources that are a big investment for our company but our clients are ultimately the ones that get to benefit from that.” – Robert Nickell
    “80% to 90% of the real estate business can be outsourced, whether that’s somebody locally, in your market, or overseas. It’s really easy to take marketing transaction coordination, disposition management, all the day-to-day admin, bookkeeping and accounting, reconciliation (month over month), there’s not really anything in real estate that can’t be done.” – Robert Nickell
     
    Resources:
    Rocket Station Website
    Greg’s email address: Brooks@rocketstation.com

    • 31 min
    068: The Near Future for Self-Storage and Cap Rates With Fernando Angelucci

    068: The Near Future for Self-Storage and Cap Rates With Fernando Angelucci

    Welcome to The Big Mike Fund Podcast. Today it is my pleasure and a privilege to talk to friend and mastermind brother, Fernando Angelucci, a real estate and self-storage guru. In this episode we talk about self-storage trends, numbers, “eviction” (or in this case, lien) laws, and Fernando’s process. We’ll also chat about the future of self-storage and Fernando’s future projects and opportunities.
     
    Minute Markers:
    00:22 - Hello and Welcome
    01:00 - Who is Fernando?
    03:20 - Eviction and motivating renters to pay
    05:25 - Absorption rate lease-up
    07:00 - Self-Storage trends
    09:00 - Fernando’s Self-storage “eviction” process
    11:15 - Buying existing self-storage facilities
    16:00 - Fernando’s new projects and opportunities
    20:00 - Upcoming deals
    23:50 - Bank loan interest rates
    27:12 - Delinquencies and occupancy trends for self-storage
    31:15 - The near future for self-storage and cap rates
    33:00 - Getting in touch with Fernando
    00:00 - Thank you for listening to the Big Mike Fund Podcast
     
    Quotes:
    “Since the COVID pandemic started and really hit the United States, our occupancies across all of our facilities have actually increased. In some of the facilities where we thought we were at an artificial ceiling on occupancy, we've actually exceeded those levels. We're getting a lot of people coming into the self storage facilities. I think the main reason is self storage serves people in transition.” – Fernando Angelucci
    “For maybe every 1 development we do, we'll buy 10 cash-flowing existing self storage facilities to balance it.” – Fernando Angelucci
    “What we've noticed is unfortunately for the investors that own assets in the B- and below grade areas—West Side of Chicago, South Side of Chicago—their April 1st delinquencies were massive. Over 60%.” – Fernando Angelucci
    “When you have your non-sophisticated sellers (what I call the mom and pops) that may own one or two facilities, those cap rates for us are going through the roof. We're starting to make blanket offers on any facility that comes in before we even look at it. We're doing 10% plus cap rate offers and they're getting accepted.” – Fernando Angelucci
    “People are going to step down. Everybody's stepping down, so the demand for the affordable stuff is increasing while the high-end upgrades people just not. They're delaying their decisions because of uncertainty.” – Mike Zlotnik
     
    Resources:
    LinkedIn: Fernando Angelucci 
    Titan Wealth Group website
    Twitter: @TheStorageStud
    The Storage Stud website

    • 34 min

Customer Reviews

4.9 out of 5
7 Ratings

7 Ratings

Joe endo M3 ,

Two thumbs up!

I have learned a ton from listening to Big Mikes podcast! He has a ‘down to earth spin’ on real estate investing for people who are interested in passive investing. He understands the economy in general and is up to date on the latest trends in the U.S. and international markets. He takes a very matter a fact look at different types of real estate investing and helps me to make informed decisions on what types of investments I choose. His Russian accent only adds to the entertainment of learning real estate!

Angelo Argentieri ,

Huge Help to My Investing Knowledge

Mike provides tremendous value to my investing knowledge and strategies. Great for newbies like me and I’m sure great for experienced investors. Many things are over my head, but it pushed me to keep educating myself and listening to Mike.

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