May 31, 2019
Jeff is a recovering attorney who spends his time as a real
estate investor. Jeff graduated early and with honors from Michigan
State College of Law where he was the graduating class speaker. He
also holds an M.B.A.
At 30 years old, Jeff checked the last item off his personal
bucket list by climbing Machu Picchu. He was on top of the world.
As he stood looking down at the lost Incan city, he had been living
the life of his dreams. He was well travelled, having previously
visited the Pyramids in Egypt, climbed to the top of Mt Sinai, swam
with sharks in Belize, and backpacked alone around Europe. He was
married to the girl of his dreams. He had a beautiful house in the
suburbs and a thriving law practice. Two weeks later, he was in the
hospital dying. His business was in disarray, his wife was barely
holding it together and he was on his way to bankruptcy.
Today, at 41 years old, just over a decade later, Jeff is back
on top. He is a millionaire, with over 140 residential units in his
personal portfolio. He also owns multiple commercial properties. He
is still married and continues to travel extensively. He is also
co-host of the Old Fashioned Real Estate Show where the hosts drink
bourbon old fashioneds and talk about real estate.
You can follow him on YouTube and Facebook at Old Fashioned Real
Estate or at
www.oldfashionedrealestate.com
How to contact us
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Announcements:
- Lunch with me every Wednesday. Baraonda
- My latest article in Forbes is out. bit.ly/findredeals.
- The FAN is here!
- Would you like to invest in the Flipping America projects
across the country? Coming soon you will be able to for as little
as $100. That’s right, Flipping America is partnering with Ground
Floor Funding to create a crowd-funded platform where you can
invest in the deals we are doing here. The fund will pay out a 8%
preferred rate of return and can go as high as 16%. You can make
money with me, the Flipping America Guy.
- Flipping America App is in the app store. You can listen to the
show, read the show notes, and the entire catalog of shows is now
available to you. It’s a free download and there are no upsells or
in-app purchases. Free to download, free to listen. Go ahead and
give it a try and drop me a line and let me know what you
think.
- Want a quick analytical tool to tell you how strong a potential
fix and flip deal is? Download the Property Grade app. You answer
10 simple questions about the property and the app instantly tells
you what you can expect to make, your return on investment, your
return on cash, and then the program gives the project a letter
grade using the proprietary Flipping America Investment Property
Grade algorithm.
News:
- Aby Rosen, the real-estate mogul eyeing French eatery for his
luxury skyscraper
https://nypost.com/2019/05/19/real-estate-mogul-eyeing-french-eatery-for-his-luxury-skyscraper/
- IRE Real Assets reported that many leading institutional
investors are nearing their portfolio-allocation targets for real
estate assets
https://therealdeal.com/national/2019/05/19/waning-appetite-worlds-largest-institutional-investors-may-slow-their-real-estate-acquisitions/
- 17 Real estate agents reveal the worst parts of their jobs,
from the lack of steady income to being on call 24/7
https://www.businessinsider.in/17-real-estate-agents-reveal-the-worst-parts-of-their-jobs-from-the-lack-of-steady-income-to-being-on-call-24/7/articleshow/69388468.cms
- Austin tops another list as a hot market for first-time home
buyers.
https://spectrumlocalnews.com/tx/austin/news/2019/05/19/newcomer-s-news--real-estate--new-to-austin-notes
- Chamber welcomes Berkshire Hathaway Real Estate
https://patch.com/massachusetts/reading/chamber-welcomes-berkshire-hathaway-real-estate
- Real estate brokers can help coordinate closing date with
moving date
https://www.greensboro.com/life/house-calls-real-estate-brokers-can-help-coordinate-closing-date/article_dd9edc63-f5b6-5cc6-9355-7a926ac76522.html
- Real estate investors bet on tech hubs to withstand economic
downturns
https://www.geekwire.com/2019/real-estate-investors-bet-tech-hubs-withstand-economic-downturns-study-finds/
- Real estate market in Hamptons is ‘in a rut’ due to new tax
law
https://www.foxbusiness.com/features/real-estate-market-in-hamptons-is-in-a-rut-due-to-new-tax-law-report-says
- Real estate sales in Rockingham County saw their highest gains
this year during April, a 7.7% increase in single-family home
volume and a 4.5% increase in residential condominiums.
https://www.fosters.com/homes/20190519/seacoast-sees-april-real-estate-blossom
-
Senate Bill 669, AN ACT RELATING TO TAXATION — REAL ESTATE
CONVEYANCE TAX, which would authorize the city of Newport to impose
an additional two percent (2%) real estate transfer tax, has been
scheduled for a hearing and/or consideration on Tuesday, May
21st.
http://whatsupnewp.com/2019/05/bill-that-would-impose-an-additional-two-percent-real-estate-transfer-tax-in-newport-scheduled-for-senate-hearing/
- The National Association of Gay and Lesbian Real Estate
Professionals (NAGLREP) joins the real estate industry in
celebrating the May 17 historic passing of the Equality Act in the
House of Representatives.
https://rismedia.com/2019/05/19/naglrep-salutes-real-estate-industry-efforts-equality-act-passes-house/
- For the first time in a long time, Denver’s bustling real
estate market has slowed. The top line: The steep rise in prices is
slowing and there are more houses on the market.
https://www.cpr.org/news/story/good-news-anxious-home-buyers-denver-real-estate-has-cooled-a-bit
- Diane Oberhelman inducted into Commercial Real Estate Hall of
Fame
https://www.eastpeoriatimescourier.com/news/20190518/diane-oberhelman-inducted-into-commercial-real-estate-hall-of-fame
- Builder and real-estate company combine forces to bring new
homes to Butte
https://mtstandard.com/lifestyles/builder-and-real-estate-company-combine-forces-to-bring-new/article_d523b486-5b0d-5bc0-a814-454ef9b68449.html
Your Questions: Send emails to
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Motivational Thoughts for the day
- “It does not matter how slowly you go as long as you do
not stop.”
- - Confucius