Auburn Investment Properties Podcast with Chris Kearns

Chris Kearns
  • 5.0 (4)
  • Investing

A discussion about Real Estate Investing in Auburn, Alabama, as well as general investing tips and strategies.

  1. 05/26/2022

    Episode 044: May 2022 Update & Things I'm Seeing in the Auburn Real Estate Market Today

    In this episode, I'm going to catch you up on a few things that we covered in previous episodes:  The Rossmere flip condoTaxes and accounting, and what I've learned the hard wayRental trends and how more turnovers can actually make you moneySales price trends, and what to expect thereChanges we are seeing in local purchase contracts and the buying process in generalI had a slow week on the sales side and I can't work on my next turnover until next week, so I decided to get back in the podcast saddle after about 10 months off!  I forgot how to mix some of the sound stuff, but overall it was good to be back! Links from this episode:​​ Work with Me​​Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    36 min

  2. 07/20/2021

    Episode 043: A Real Estate Investing Lesson from Tennessee Williams

    In this Episode, I'm going to take you back to a diner on Beale Street in Memphis, on a lonely night more than 15 years ago.  I felt like I was drifting a little, and needed some wisdom in my life about dealing with success, not feeling needed, and being kind of depressed about it.  Around that time, I started reading classic books and plays to keep my mind active, and this particular night I sat down to read The Glass Menagerie, not even knowing what a Menagerie was, or why the play was so famous.  In fact, the play  itself was not very memorable to me - I had to look it up again and do a google search to find remember what a "menagerie" was again just so I could do this podcast!  Lucky for me, I came across something in the first few pages of the book, before the play even started, that was as memorable and influential as anything I've read before or since.  It's not often you get life advice from someone so gifted with the written word, and I'm definitely talking about Tennessee Williams here, not me!  Anyway, this is a super short episode with a very impactful lesson about your Real Estate career, and about life in general.  I hope you enjoy it as much as I did! Links from this episode:​​ Work with Me​The Catastrophe of Success, by Tennessee Williams​Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    26 min

  3. 07/14/2021

    Episode 042: What's Your 5 Year Plan?

    In this Episode, I'll talk about the genius and the beauty of a coming up with a 5 Year Plan.  They say that people often OVERestimate what they can do in 1 year, but UNDERestimate what they can do in 5 years, so I want to encourage you to look at where you are now and give yourself some goals and direction by looking 5 years out into the future. I'll tell you how my first 5 Year Plan helped me get out of the apartment business and reshape my life, and how my dog Bodie, helped me realize it was time to come up with another.  We'll also talk a little bit about how Robert Kiyosaki (Rich Dad, Poor Dad book), and Dave Ramsey (Radio Show & Total Money Makeover book), and how their differing advice can help you see the big picture and choose a path that fits for your life situation. Links from this episode:​​ Work with Me​Rich Dad, Poor Dad, book by Robert Kiyosaki (Amazon Link)Ramsey Solutions, (Dave Ramsey books, budget tools, and podcasts)​Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    53 min

  4. 04/27/2021

    Episode 041: An Interview with Auburn Real Estate Attorney Russell Balch (2 of 2)

    In this Episode, you'll hear the second of two parts of an interview I did with my long-time Real Estate Attorney, Russell Balch of the law firm Akridge & Balch in Auburn.  Besides being my attorney, Russell has also been my office landlord for a few years too.  I met Russell through my first post-college employer (Fred & Miles of the Charter Companies) in the late 1990's, and when I started my mobile home sales business way back in 2000, Russell was my guy!   Eventually, I moved on to single condos, and then started buying apartment buildings to turn around, or renovate and cut into condos.  Later on, Russell helped me acquire a 50+ unit portfolio with a multi-million dollar "Lease-Option" type of contract.  Well, that huge acquisition completely burned me out and I needed a break for a while, so I decided to sell all of my properties, and Russell helped me with that, too.  He's started 8 or 9 LLC's for me, either as solo businesses or with partners, and I always felt prepared for what happened next, even when one of the partners in a 3 man group actually died and the other filed bankruptcy!  The bottom line is this: a good Real Estate attorney is one of the most valuable members of your team, and Russell is a damn good one. Listen in as Russell and I talk about: (items in bold are in this episode, the rest were discussed in the previous episode) Various types of closingsThe differences between Residential and Commercial DealsThe finer points of contracts and how they can affect negotiationsContract and the review process for complicated dealsOptions, Due Diligence periods, and Hard Money clausesLLC's and how they are designed to be firm but flexible, and can be modified on the fly to fit your evolving projectsThree types of dispute resolution (Mediation, Arbitration, and Litigation)Parting thoughts and words of wisdom Links from this episode:​​ Work with Me​Expert Legal Services for Real Estate: Russell Balch at Akridge & Balch, PCCall Russell or my go-to lady FB Henderson at (334) 887-0884Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    1h 17m

  5. 04/20/2021

    Episode 040: An Interview with Auburn Real Estate Attorney Russell Balch (1 of 2)

    In this Episode, you'll hear the first of two parts of an interview I did with my long-time Real Estate Attorney, Russell Balch of the law firm Akridge & Balch in Auburn.  Besides being my attorney, Russell has also been my office landlord for a few years too.  I met Russell through my first post-college employer (Fred & Miles of the Charter Companies) in the late 1990's, and when I started my mobile home sales business way back in 2000, Russell was my guy!   Eventually, I moved on to single condos, and then started buying apartment buildings to turn around, or renovate and cut into condos.  Later on, Russell helped me acquire a 50+ unit portfolio with a multi-million dollar "Lease-Option" type of contract.  Well, that huge acquisition completely burned me out and I needed a break for a while, so I decided to sell all of my properties, and Russell helped me with that, too.  He's started 8 or 9 LLC's for me, either as solo businesses or with partners, and I always felt prepared for what happened next, even when one of the partners in a 3 man group actually died and the other filed bankruptcy!  The bottom line is this: a good Real Estate attorney is one of the most valuable members of your team, and Russell is a damn good one. Listen in as Russell and I talk about: (items in bold are in this episode, the rest were discussed in the previous episode) Various types of closingsThe differences between Residential and Commercial DealsThe finer points of contracts and how they can affect negotiationsContract and the review process for complicated dealsOptions, Due Diligence periods, and Hard Money clausesLLC's and how they are designed to be firm but flexible, and can be modified on the fly to fit your evolving projectsThree types of dispute resolution (Mediation, Arbitration, and Litigation)Parting thoughts and words of wisdom Links from this episode:​​ Work with Me​Expert Legal Services for Real Estate: Russell Balch at Akridge & Balch, PCCall Russell or my go-to lady FB Henderson at (334) 887-0884Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    1h 19m

  6. 04/06/2021

    Episode 039: Auburn Mayor Ron Anders talks about Covid, Football, Short Term Rentals, City Finances, and more!

    In this Episode, I'll talk with Auburn Mayor Ron Anders about a variety of topics and a "State of Auburn" recap at this interesting and challenging time in Auburn's history.  We'll tall about how his family got started in the school book business, and what's on the horizon for that location, as well a ton of other interesting topics.  We talked about the smashing success of the "pop up" Covid vaccine clinic across from the mall, the impact Covid has had on local small businesses, the University, and the places those 2 worlds intersect.  We'll also look at the health of the city revenues before and after Covid shut everything down, how we're doing now, and his projections for the future, and some big time news about healthcare in Auburn in particular.  Other topics we covered were population growth, the AU President search, and how that might change student enrolment numbers, as well as an update on new apartment plans in both the student and "grown up" markets.  We can't leave out the Short Term Rentals decision that is now set for a while, and what that looks like in reality.  I'll outline the general concepts below: Auburn Short Term Rentals (STR's) Only allowed in certain zoning districts (many single family home areas near campus are excluded)Excluded Zoning Districts: NC, DDH, LDD, LLRD, NRDW - W of Donahue, CRDW-W West of DonahueClick here for City of Auburn Zoning MapIF Short Term Rentals (STR's) are allowed on your property, you have 2 options:Non-Primary Rentals:The owner DOESN'T live there full timeLimited to 240 days per year, maxThat means the other 125 days the owner can be there or it must remainNeeds Zoning Certificate and Business LicenseHomestays:The owner DOES live there, and files Homestead there with the Tax officeOwner lives there 180 days of the year, minimumOwner can rent a single bedroom 365 days (no limit)Owner can rent 90 days if they are goneNeeds Home Occupation Permit Links from this episode:​​ Work with MeCovid Clinic Volunteer Sign-UpAuburn Apartment GuideReal Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    1h 18m

  7. 03/30/2021

    Episode 038: An Interview with Auburn Apartment Market Expert Jim Andrews (2 of 2)

    In this Episode, you'll hear the second of of two interviews with Jim Andrews, who publishes the Auburn Apartment Guide and the Tuscaloosa Apartment Guide.  Jim got started as a Property Manager, did a little teaching on the subject at the college level, and has been in the multifamily business in one way or another ever since.  He is also involved in the financing side of the multifamily business and an investor in properties and projects himself. The framework of the 2 episode series is a historical look at the multi-family and/or student housing options here and how they have evolved over time.  We'll cover everything from trailer parks and duplexes to downtown redevelopment, and everything in between in roughly 10 year chunks.  This first episode covered the 1980's through about 2005ish, and this episode picks up in the 2000's and goes all the way up until today's projects.  Links from this episode:​​ Work with MeAuburn Apartment GuideReal Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.com

    1h 3m

  8. 03/26/2021

    Episode 037: An Interview with Auburn Apartment Market Expert Jim Andrews (1 of 2)

    In this Episode, you'll hear the first of two interviews with Jim Andrews, who publishes the Auburn Apartment Guide and the Tuscaloosa Apartment Guide.  Jim got started as a Property Manager, did a little teaching on the subject at the college level, and he has been in the apartment business in one way or another ever since.  He is also involved in the financing side of the multifamily business and an investor in properties and projects himself. The framework of the 2 episode series is a historical look at the multi-family and/or student housing options here and how they have evolved over time.  We'll cover everything from trailer parks and duplexes to downtown redevelopment, and everything in between in roughly 10 year chunks.   This first episode is going to cover the 1980's through about 2005ish, and the second episode picks up in the 2000's and goes all the way up until today's projects.

    56 min
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A discussion about Real Estate Investing in Auburn, Alabama, as well as general investing tips and strategies.

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