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There’s a lot of value in being rooted in the town you’re investing in. You can keep a close eye on things, operate with excellence, and your portfolio will excel as a result. With this kind of base, you can then expand your operations thoughtfully and successfully. This is what today’s guest is doing. Willie J. Mandrell is a self-made multi-millionaire real estate investor, broker, coach, lecturer & author. As a buyer, seller, and broker he's been involved with well over 200 million in real estate transactions. He has been featured in numerous trade magazines and he is a frequent guest on real estate and wealth related podcast, television, & radios shows across the US. Willie is the author of Cash Flow Secrets, a book on real estate investing & finance tips most people are never taught but need to know. We discuss the city of Boston, what makes it tick, and what it looks like to invest successfully in this type of market.   Key Points: How and why Willie came into real estate (0:31) How much should you allocate toward real estate and how much should you keep liquid? (4:06) Willie’s favorite asset class (6:55) Willie’s preferred investment, and how he applies the BRRR Strategy (8:02) Willie shares his views on the Boston market and what he sees going forward (9:37) What will it take for Boston rental rates to recover (13:51) What other major employers affect the Boston rental market? (16:31) What’s next for the Mandrell Company? (17:21)   Resources: The Mandrell Company YouTube - https://www.youtube.com/wmandrell   Cash Flow Secrets: Real Estate, Investing & Wealth Management Principles They Failed To Teach - https://www.amazon.com/Cash-Flow-Secrets-Management-Principles/dp/1734960906   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   More Skyline Views episodes – http://mrcdmills.com/skyline-views/   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Military families have unique opportunities, as well as unique challenges, surrounding investing and retirement. Real estate investing while on active duty takes finesse, in addition to raising capital, especially when you’re doing it from the other side of the world.   My guest today is Mr. Anthony Pinto. He is the Chief Operations Officer for Mission First Capital and the founder of Pinto Capital Investments. Anthony specializes in investing in commercial real estate and apartment buildings. Specifically, he seeks out and acquire B to C class apartment buildings as value-add acquisitions. Working with experienced syndicators and partners, Anthony continues to acquire larger apartment buildings across the Southeast US, focusing on the Hampton Roads, VA and Georgia markets. Across the Hampton Roads MSA, Anthony has $20M in AUM and controls more than 300 units, all acquired in 2020.   Key Points: Anthony shares his start into real estate (1:10) What’s the best way to make the jump from small deals to larger deals? (5:36) Building a team to support your investing career (9:44) Why invest in real estate in 2021? (13:50) Benefits available to military real estate investors (21:01)   Resources: Mission First Capital – https://missionfirstcapital.co/   Anthony’s LinkedIn – https://www.linkedin.com/in/anthony-pinto/   What It Takes - https://www.amazon.com/What-Takes-Lessons-Pursuit-Excellence/dp/1501158147/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

If we know each other as real estate investors and I have not introduced you to Matthew Drane, I sincerely apologize. Matt is a great guest for Skyline Views (or for any podcast, for that matter) because he is a highly skilled and seasoned investor. He loves to share knowledge and ideas, and he does so in spades in this episode. Matt is a broker with Marcus & Millichap in Columbus, Ohio, and he’s one of the smartest multifamily real estate investors you could hope to meet. I’m excited to share this episode with you as we discuss Columbus, Ohio, multifamily apartment investing in 2020 vs 2021, and investing for your legacy.   Key Points: Matt shares his background and his start in real estate (0:35) Columbus, Ohio market 2020 year recap (1:31) Sentiment among buyers, sellers, and lenders entering into 2021 (4:13) Why invest in Columbus vs other metros? (4:46) Lending trends in stabilized assets and new construction (6:22) Market trends within the multifamily asset class (9:33) Where have all the Class B properties gone? (11:22) Matt and I talk Legacy and personal projects (12:50) Matt’s personal thoughts on where to put capital right now (16:57) Matt shares expert principles for brokers for 2021 (21:40)   Resources: Matt’s LinkedIn - https://www.linkedin.com/in/mdrane/   Matt’s Instagram - https://www.instagram.com/mdrane1911/   Schedule a call w/ Matt - https://calendly.com/matthew-drane   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

If you’re listening to this podcast on a regular basis you’re probably an advanced and experienced investor. Skyline Views covers various markets and areas of expertise for folks who invest nationally. However, how often do you revisit your mindset as an investor? Maybe you’re a successful businessperson who invests passively through partnerships all over the country. This episode addresses both the mindset of the investor, as well as what to look for in a partner. We also examine Denver as an MSA and why we like it. My guest is a real estate entrepreneur and host of the Investor Mindset Podcast, Mr. Steven Pesavento. Steven is also Managing Partner of VonFinch Capital. Between VonFinch and the podcast, Steven has interviewed and worked with some of the best investors in the business. He shares with us in this show what makes a great investor, what makes a great partner, and the roles you can play as your real estate investing path progresses.   Key Points: Steven explains his start and how he stumbled upon real estate (0:34) What should a new passive investor expect, from their first email to their first check? (2:12) How Steven works with people who are figuring out what they want out of investments (7:12) Steven discusses his favorite asset class, spreading out risk, and predictability (9:20) Denver as an MSA, the numbers, the sweet spot, and the economics (11:32) Due diligence on multifamily syndication sponsors, and the deals themselves (16:52) The Ultimate Passive Investor Playbook (20:33)   Resources: The Investor Mindset Podcast - https://www.stevenpesavento.com/podcast/   VonFinch Capital - https://www.vonfinch.com/   The Ultimate Passive Investor Playbook - https://action.theinvestormindset.com/passive-investor-playbook   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Many of us invest in real estate for the freedom and relative control that it provides. What if you could build a lifestyle that allows you to live wherever you want, invest wherever you want, and experience that freedom on your own terms? My guest this week is doing exactly that. Billy Keels is a fellow problem-solver, international real estate entrepreneur, author, mentor, and host of the Going Long Podcast.   Alternative Investments are a great compliment to your overall portfolio. Billy and I discuss some of the opportunities he’s found to compliment his real asset investing. We also discuss the Charlotte, NC MSA and what led Billy to invest there.   Key Points: Billy shares his background and how he got into real estate (0:37) How and why Billy selected the Charlotte, NC MSA (5:07) Billy’s top two criteria for choosing a market (9:01) Should you invest where you live, or choose a market strictly on investment criteria? (10:59) If you are considering moving from part-time into full-time real estate, what is the best time to make that move? (14:15) Billy shares his thoughts on what opportunities 2021 will bring and the investment landscape moving forward (15:57) Opportunities in the energy sector for accredited investors (18:24) Why types of underlying assets are in these energy investments? (21:35) Thoughts around ESG investing and voting with your dollars (23:21) How and why Billy got his capital working through ATM machines (24:10) Billy Keels shares his thoughts on what is more important than money (27:22) How to choose complimentary investments to benefit your real estate portfolio (28:43)   Resources: Billy’s website - http://billykeels.com/   Billy’s LinkedIn - https://www.linkedin.com/in/billykeels/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Miami real estate is flying off the shelves right now. Asset classes are not only recovering strong from 2020, but Miami as a whole proved a lot more resilient than in past downturns. In a market that is white hot, sometimes it takes creative commercial strategies to get the deal done. In this episode of Skyline views we dive into the numbers of how Miami fared in 2020 and why. If you are interested in Miami real estate investment in 2021, whether it’s in multifamily, retail, luxury SFH, especially on the development side, this episode is for you.   My guest today is Kristine Flook of Urbanize properties, a boutique South Florida brokerage team. She represents buyers and sellers of multifamily and commercial properties. Kristine will source cash flowing properties for investors through networking, hustle, and proven investment skills. In this episode, we also discuss opportunities surrounding dark properties, off-market properties, and how important it is to know the right people.    Key Points: Kristine explains how she got her start (0:31) Kristine and I discuss the numbers and how Miami fared in 2020 (1:44) Drivers behind different asset classes in Miami (3:33) Tax benefits behind being a Florida resident (5:18) Little know nuggets about Miami neighborhoods (6:03) Dark property conversions (9:01) Finding off-market properties  (10:45) Coming opportunities and opportunistic areas in Miami in 2021 (11:55) What should investors be looking for when they’re looking online at Miami? (13:30) Resources that Kristine uses to stay on top of things (15:12) Kristine shares what she does in her free time (15:55)     Resources:   Kristine’s LinkedIn – https://www.linkedin.com/in/kristineflook/   Urbanize Properties – https://urbanizeproperties.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Why would you pull your capital and deploy it in a different country? Why Ottawa? Canada, our neighbors to the north, have a lot of opportunities presenting themselves in 2021. My guest this week is Nick Kyte of Coldwell Banker First Ottawa Realty. We discuss the Canada markets, the differences in the process, short term rentals, and second/retirement homes. Nick is a great resource for anyone looking into the possibility of investing in Ottawa or Canada.   Key Points: Nick’s background (0:40) Canada as a safe haven, and the 3 major centers of influence (1:37) What’s unique about luxury real estate in Canada? (4:55) Nick explains the differences in the process for foreign investors (6:25) There are some differences in the process between purchasing in the US and purchasing in Canada (8:29) Commercial purchases in Ottawa (10:43) Short term rental market update (11:39) Are secondary properties more risk or more opportunity? (12:59) Landlord tenant laws in Canada (15:36) Resources for researching investing in Canadian markets (17:39) How Canadians stand out (23:02)   Resources: Nick’s website - https://nickkyte.com/main   Nick’s LinkedIn - https://www.linkedin.com/in/nickjkyte/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Savvy investors use 1031 Exchanges on a regular basis as a part of their overall investment strategy. A bit more complex are techniques like Construction Exchanges and Reverse Exchanges. The way these advanced 1031 Exchange techniques can play in and be taken advantage of will definitely take your investing game to another level. Today’s guest shares invaluable insights into these Exchanges, their history, and the role they play in your investment tool belt. Knowing how and when to employ the advanced 1031 Exchange techniques we discuss in this episode is key, and Dave Foster returns to Skyline Views to explain all that to you.   My guest Dave Foster is a degreed accountant, Qualified Intermediary, and serial real estate investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies. If you read Legacy 101 and are implementing your Century Plan, those strategies will be key to your success. Key Points: Dave explains his background and interest in real estate (0:45) The history of the 1031 Exchange (2:00) The origin of the timeline of the 1031 Exchange (4:52) A reverse exchange, how it came about and how it works (7:44) What issues come up in the Construction 1031 Exchange as a result of hang ups in the construction process? (16:49) Construction management agreements in the Construction Exchange (19:55) Safe Harbor for 1031 Exchanges (20:50) A reliable backup in case your construction process falls short (23:03) Dave explains what he’s seeing in the market (25:20) Retirement strategies involving 1031 Exchanges (27:28) Dave’s thoughts on 2021 (32:05) Factoring in the cost of money (35:30)   Resources: The 1031 Investor Educational Resources - https://www.the1031investor.com/   Whatever Happened to Penny Candy? – https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments-dp-0942617649/dp/0942617649/   What’s a DST? – http://whatsadst.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Pooling capital is a long-standing way of making your money go further in investing. However, it’s not as simple as it sounds. There are a lot of things that you should be aware of going into a partnership. There are also a lot of logistics regarding making it work smoothly.   My guest today founded Tribevest after an unfortunate experience trying to get into real estate with his brothers. Now he is on a mission to help others avoid the same pain. Travis Smith is leading Tribevest to solve the financial collaboration problem and evolve as his customers’ needs do. We talk partnerships, structure, and the other ins and outs of tribe investing.   Key Points: Travis relays his background (0:54) The math and philosophy behind the benefits of pooling capital (2:58) How tribe investing spreads risk and allows you take advantage of more opportunities (4:42) What is the average and ideal tribe? (6:07) How do you know if your prospective team members would make a good tribe or not? (8:35) What kind of investments work best with tribe investing? (12:43) Real estate as part of your overall portfolio (15:02) Knowing when and how to dissolve your tribe (17:40) Best practices regarding dissolving partnerships (20:17)     Resources: Tibevest - https://www.tribevest.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

This week’s guest is an engineer turned real estate investor. Lane Kawaoka is now living the dream in Hawaii, and doing what he loves thanks in part to the passive portfolio he’s been able to build over the years. He sits down with me for this episode of Skyline Views to discuss his investing strategy, analyzing deals, and analyzing markets.   Key Points: How Lane got his start in real estate (0:22) The first and sometimes biggest stumbling block for investors (1:07) The role of the 1% rule (2:14) What KPI does Lane take into account when first considering a new MSA? (3:01) Safety in how you buy and how you run your numbers up front (6:23) Lane’s systems for organization and management (8:48) Emergency fund 2.0 (10:42) What attracts Lane to a syndication deal (13:47) How is Lane structuring his portfolio these days (15:14) The new asset class Lane is looking at in 2021 (17:52) What markets is Lane looking at in 2021? (20:18)     Resources: Lane’s Website - https://simplepassivecashflow.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

One silver lining from the COVID pandemic is that both families and companies were forced to explore new ways to innovate and become far more efficient than they have in the past. Unimportant meetings became the emails they should have been in the first place. Commutes went away for most of the US. Eventually, after a couple quarters of this, companies all over the country last year were taking a good long look at all the overhead that they were getting along just fine without, but was once deemed critical expenses.   My guest today examines the current migration of families and companies out of New York City. We discuss what’s behind it, what it looks like, and what’s ahead. Esther Reizes-Lowenbein is a real estate expert in the New York area, but also operates in commercial investment real estate nationally.   Key Points: How Esther got her start (0:32) The joy and benefits of learning (2:57) Who is moving out of New York City and where are they going? (4:36) Changes in the office space sector (6:13) Are there any COVID deals available? (7:25) Changes Esther is seeing in the way new tenants are operating in their office spaces (10:11) Will the shrinking demand for urban location bring city prices down or suburban prices up? (12:40) Different people will have different needs moving out of densely populated areas(14:44) Resources for folks looking to make changes and what to look for in your criteria (17:10)     Resources: Esther’s LinkedIn – https://www.linkedin.com/in/esther-reizes-lowenbein-34992096/   Esther’s Facebook – https://www.facebook.com/Esther-Reizes-Lowenbein-at-EXP-Realty-205433843491193   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

For those who are in the know, Cincinatti is a very exciting market for certain real estate asset classes. This week’s guest gives his views on the Cincinatti MSA, as well as very helpful insights into the office asset class and how the pandemic of last year has changed things going forward. We talk numbers, market dynamics, and best practices around real estate sponsors.   My guest is the President and founder of Excelsior Capital, where he spearheads the investor relations and capital markets arms of the firm. Brian C. Adams has 10 years of experience in real estate private equity. Prior to forming Excelsior Capital, Brian co-founded Priam Properties (an institutional real estate private equity sponsor) in 2010 and provided leadership and direction for the firm in connection with capital markets, investment management and investor relations.   Key Points: Brian explains his start and his background (0:39) Why office buildings as an asset class? (3:01) Brian explains why he’s optimistic about the office sector going forward (6:24) The effects of the COVID vaccine on office investing and employer sentiment (10:25) The affects of COVID on leasing and tenant turnover (11:39) Generational dynamics and other factors changing views on real estate asset classes and locations (14:25) How Excelsior chooses MSAs and sub-markets to invest in (17:08) Resources for someone looking to pivot to the office asset class, and what to look for in a deal (20:41) Questions to ask when entering into a GP/LP relationship, and what you should expect (23:15)     Resources: Brian’s LinkedIn – https://www.linkedin.com/in/brian-c-adams/   Excelsior Capital – https://www.excelsiorgp.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Our guest today is real estate entrepreneur Gabe Petersen. Gabe is host of the podcast and YouTube show, the Real Estate Investing Club. In this episode, we talk about how he got into real estate, and more importantly, why he chose the niche he did. If you have ever wondered about investing in mobile home parks and why investors choose this asset class, look no further. You’ll get a lot out of this episode, and Gabe’s website has a lot of good resources should you continue to be interested and want to learn more.   Additionally, Gabe shares his experience investing in Washington State. The upper Northwest has economic dynamics unique unto itself. Gabe and I touch on those dynamics, examine where Washington is on the bell curve, and discuss what Gabe is doing about it.   Key Points: Gabe explains his start in real estate and motivation for getting out of the rat race (0:51) Business ventures leading up to real estate (3:15) Honing acquisition and marketing systems (8:10) The foray into RV and mobile home parks (11:17) Why would an investor consider investing in mobile home parks (14:16) The headaches related to mobile home park investing (16:28) Washington state investing (18:15) Employment and job growth in Washington state (19:25) Landlord tenant laws in Washington (20:04) The importance of tenant screening (21:00) What’s next for Gabe Petersen? (21:40)   Resources: The Real Estate Investing Club - https://www.therealestateinvestingclub.com/   The Real Estate Investing Club on Apple - https://podcasts.apple.com/us/podcast/the-real-estate-investing-club/id1515039960   The Real Estate Investing Club on YouTube - https://bit.ly/theREIshow   Podio - https://podio.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

If you’ve spoken with me for any length of time, you probably know my views on retirement. The traditional view on retirement hasn’t ever sat well with me, and my views are sometimes seen as contrarian. Imagine my intrigue when I met John Blanton as he was launching his podcast, Contrarian Cashflow. In this episode, John and I discuss Fayetteville, NC, as well as other markets in North Carolina that he has his eye on. We also discuss the need for diverse, reliable streams of income and the right way to build them to provide for your future income needs.   John has been investing for over 7 years. A successful sales executive with over 10 years of experience supporting enterprise technology clientele. He has had many successful investment exits and continues to grow his holdings within the multifamily/ commercial space. He has a passion for gaining financial independence and helping others get there through investment cashflow. His mission is to help others perform thorough due diligence on real estate and business opportunities to ensure top performing risk adjusted returns.     Key Points: What got John on the contrarian path (2:25) Tips on how to be faithful to your full time job, and not cut corners in your investing career (4:16) It’s a lot harder to make money in real estate than people realize (5:28) Teams and systems versus being a lone wolf (7:13) Income diversification, asset allocation, and ideal income levels (10:01) Fayetteville market demographics and projections (14:40) Appreciation concerns and cap rate compression (17:42) Other North Carolina markets John is looking at and why (18:55) Buying businesses, and finding your why (23:10) What’s in store for John outside the “rat race” (26:10)     Resources: Peak Capital Group - https://www.peakcapitalgrp.com/   Contrarian Cashflow Podcast - https://www.contrariancashflow.com/   Flip the Script – https://www.amazon.com/Flip-Script-Getting-People-Think/dp/052553394X   Syndication is a B*tch – https://www.amazon.com/Syndicating-tch-Other-Truths-Havent/dp/154450604X/   Meditations – https://www.amazon.com/Meditations-Marcus-Aurelius/dp/1503280462   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

You don’t have to be a seasoned veteran in real estate to know that credit plays a large role in the game. Whether you are a buy and hold investor, a fix and flip investor, or something else, credit comes into play. The sooner you start paying attention to your credit, the better. My guest George Boley Jr. is a long-time real estate investor, entrepreneur, and lifelong martial artist. He’s also co-host of the podcast Real Talk with George & Frazier. He used good old-fashioned grit and determination to build his portfolio, but then learned advanced credit techniques that took his investing to the next level. You may want to take notes during this episode (unless you’re driving), because George shares a lot of very key information as he shares his story. How could these advanced credit techniques apply to your investing and allow you to scale?   Key Points: George’s background and what got him interested in passive income (0:48) The importance of learning your market and reading economic indicators (5:59) The roles that personal credit and business credit play in real estate investing (7:51) George shares his primary investing rule (9:31) How to build personal credit and how to build business credit (11:45) What is FICO 10, and how does it affect you? (16:35) How to become your own hard money lender (18:32) How George got his first million-dollar line of credit (23:37) Longer term buy and hold possibilities (25:23) How these credit techniques changed the velocity of his business (26:19) What’s next for George? (27:28) #1 on his bucket list (29:23)   Resources: George’s Website – https://georgeboleyjr.com/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

There are a lot of benefits available to real estate investors, both foreign and domestic, through the 1031 Exchange. The ability to defer all taxes in real estate transactions is a gift from the IRS. What happens when one party in the transaction is a not a US Citizen? How does that affect the transaction? How does that affect the 1031 Exchange? The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) states that if you purchase real estate from a non-US Citizen, or “foreign person”, you as the buyer are required to withhold 10% of the amount realized from the sale. In this episode of Skyline Views, I sit down with a seasoned and highly educated Qualified Intermediary to discuss FIRPTA and its relationship with 1031 Exchanges. What should you be aware of as a US Citizen buying from a foreign investor? What should you as a foreign investor be aware of planning out your investment strategy in the US? My guest Dave Foster is a degreed accountant, QI, and serial real estate investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies.   Key Points: Dave recounts how he got his start (0:43) What is FIRPTA? How does it affect foreign investors? (4:30) Buyer’s liability in buying from non-US Citizens (7:16) 1031 Exchange statute that affects FIRPTA (9:31) How the simultaneous 1031 Exchange benefits foreign investors (11:36) Market that FIRPTA and foreign investment has created in the United States (13:15) Calculations foreign investors need to do ahead of time (15:24) Calculating benefits and fees between principal, profits, and returns (18:24)   Resources: Dave’s Site - https://www.the1031investor.com/ IRS Video on FIRPTA - https://www.irsvideos.gov/Individual/education/FIRPTA   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

  Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice.   In this episode of Skyline Views, Yonah and I talk about cost segregation, best practices, and tax strategies for scaling your investment business and taking it to the next level.   Yonah’s background (0:42) Cost Segregation basics (1:33) Best practices entering into a large investment (2:50) The role picking your market plays (4:28) Markets that Yonah likes right now (6:43) Changes in tax strategy as you grow and scale (8:08) Scoping out the tax savings landscape during due diligence (13:02) Questions to ask your specialist team members going into an investment (14:35) Transparency in a deal (16:37)   Resources: Yonah’s Website – https://www.yonahweiss.com/ Yonah’s LinkedIn – https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Bigger Pockets – https://www.biggerpockets.com/ Hands Off Investor – https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275 Crushing It in Commercial Real Estate – https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate/dp/0998381624/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

We all would love to retire before the gray hair starts showing up. As you probably know, there’s no one path to retirement. Everyone’s plan is going to look different based on our various backgrounds, skillsets, experience, income levels, risk tolerance, familial status, lifestyle, ancillary goals, and the list goes on. I have always believed building streams of income is a far superior philosophy to building up a savings nest egg and hoping you don’t outlive it. In this episode of Skyline Views, Army veteran Bryce Stclair shares his story of how he strategized and executed his plan to dive into real estate and create financial independence as efficiently and effectively as possible. He’s based in Tennessee, and gives helpful insights on what it’s like investing in those markets. There are a lot of good tips and insights in his story that we all can learn from.   Key Points: Bryce recalls his first deal (0:37) His plan starting out (2:02) Co-hosting Air BnB, and differences in the hosting platforms (3:32) Next steps in scaling (4:50) A critical step when buying a short-term rental (7:46) Branching out into a new area (10:54) Creating extra capital along the way (12:38) Sweet spot for LTV on short-term rentals (13:37) Tax strategies around short-term rentals (15:18) The one real estate book he read, and his evaluation process (16:28) Benefits of teaming up (19:07) What does his retirement look like going forward? (24:26)   Resources: Email Bryce - stclairbryce (at) gmail.com   Loopholes of Real Estate Investing - https://www.amazon.com/Loopholes-of-Real-Estate-audiobook/dp/B00HYEOSAS   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Investing together as a couple can either be heaven or hell. Each of you have your strengths and weaknesses. Combined, your strengths can cover each other’s weaknesses and make you a power couple, or your weaknesses can cause division and brood resentment. Investing effectively as a couple takes work, but in the end the results can be powerful. My guest today brings a lot of experience and practical wisdom to the table to equip you to create maximum efficiency to your relationship when it comes to finances and real estate investing. Adam Kol helps couples make sure that the money conversation doesn't get in the way, leading to more stability, partnership & peace of mind. He’s a certified mediator, former tax attorney, and currently serves as a Couples Financial Counselor. He’s also host of the Equal Partners Podcast. Our conversation in this episode is very valuable for couples who embark on active real estate investing, or are deciding how to plot their financial path into the future with passive investments. Key Points: What to look for and questions to ask pre-commitment (5:02) Common setups for couples finances (7:14) Money mindsets (8:25) Post-commitment, tips for merging lanes (11:51) Learning and understanding each other’s strengths and roles (14:06) Practical tools (15:02) Finding your groove to compliment each other’s strengths (17:39) Setting goals and planning for the future (21:23) The importance of key conversations (27:05)   Resources: AHK Coaching - https://ahkcoaching.com/ Love Money Quiz – https://bit.ly/lovemoneyquiz Equal Partners Podcast - https://open.spotify.com/show/3Ocr5k4kHu8AJUvNmMLMJz Splitwise – https://apps.apple.com/us/app/splitwise/id458023433 Honeydue – https://www.honeydue.com/ Zeta – https://www.askzeta.com/     Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

My guest for this episode has been an attorney for over 25 years. During that time, he has worked for an international bank, traditional law firms and private business. In addition to practicing law, Neil Greenbaum has started a number of businesses, developed commercial real estate, and, during the original dot-com boom, co-founded an online financial administration platform that still thrives today, some 20 years later.    Neil and I discuss holding companies and management companies, two cardinal components of the active investor’s operation. He shares tips and insights that are key to running your business like a well-oiled machine.   Key Points: Neil’s background (1:31) How should you set up going into a multifamily investment? (3:16) When should you begin thinking about your entities? (4:49) Is an LLC the best structure? (5:58) Best practices to avoid piercing the corporate veil? (6:35) Other ways to guard against liability (8:45) Management company best practices (9:49) When and how to deploy capital into the market, timing the market (12:55) Joint Venture relationships (15:54) Getting information and forming a team (18:20)   Resources: Wall Street Journal - https://www.wsj.com/ New York Times - https://www.nytimes.com/ New York Post - https://nypost.com/ Real Deal - https://therealdeal.com/ Fortune - https://fortune.com/ Entrepreneur - https://www.entrepreneur.com/magazine Neil Greenbaum LinkedIn - https://www.linkedin.com/in/neil-greenbaum/   Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/   Learn more about The Haney Company here – https://www.thehaneycompany.com/   Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050   Subscribe on Spotify, Apple, Google, Stitcher, iHeart.