All Forum Posts by: LeAnn Riley

LeAnn interviews Kevin Amolsch, a successful real estate investor and hard money lender. He dove into business after spending 4 years in the US Army. Founder of Pine Financial Group, Inc and author of “The 45 Day Investor” he has bought, built, sold, and financed thousands of transactions. Sign up for free at

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@Mitchell Miracle

That happened on a deal I just sold here in MN. We did check with a real estate attorney and because of the COVID-19 eviction stay. The result was that if the tenant didn't move even though they were supposed to, there was no recourse at this time. 

So to solve this....and make sure the new buyer could get possession of the house when they closed. The Seller worked out an arrangement with the tenant that if they moved as planned they would get their security deposit back in full and right away.

That helped make sure they could secure a new rental. We were lucky and it worked!  I suggest you talk with a real estate attorney. One other consideration may be that the owner has cancer and is not able to make the mortgage payment due to sickness.

@Mitchell Miracleundefined

@Rob Scarry

Congrats for getting going on investing even when you say you are risk averse. Your method of paying down the principal is always good but it will take longer than if you are willing to use OPM - Other People's Money. What I'm talking about is leverage. Also...when investing from afar, you need the right power team - the people who manage and watch over your property and investment. You already have experience in a couple markets. Maybe it makes sense to find another in one of those markets where you already have trust with property managers and others who helped you decide on those original investments. 

By knowing the numbers well, both in the market you invest AND location, appreciation factors, and whether smaller single family or multifamily gives you a better idea on which strategy works and is the safest way to grow quicker. 

@ Aleksi Moran Check the Event Page in Bigger Pockets, posted there my Livestream for investors.

LeAnn interviews Kim Nybo, a 30 year nationally-recognized State Farm Agent. She will discuss and take questions on what you need to know to be prepared and to protect yourself, your personal property and business holdings. Along with her insurance business, Kim has owned, rehabbed, and run 40+ rental units.

Get your questions answered LIVE.

Sign up for free at Go.LeAnnRiley.com/CLUB

During the due diligence process, especially on multifamily it is always wise to make a quick phone call to the police department and check on any reports for the property address. Along with checking on the Trulia site will give you a view of the entire neighborhood with crime facts. 

Insurance: Protecting Your Assets

LeAnn interviews Kim Nybo, a 30 year nationally-recognized State Farm Agent. She will discuss and take questions on what you need to know to be prepared and to protect yourself, your personal property and business holdings. Along with her insurance business, Kim has owned, rehabbed and run 40+ rental units.

Get your questions answered on this LIVESTREAM. go.leannriley.com/club

That's the point of leverage and using Other People's Money. This is why real estate investing is so magnificent. The use of borrowed funds to increase purchasing power. Leverage changes the rate of investor return on equity. Selling will be a better utilization to grow your portfolio, regardless of fees. The issue in Covid-19 today...is the mortgage lending is tightening. So it depends on your personal situation as far as borrowing power to maximize your proceeds into duplexes or more. 

I'd be happy to discuss in detail with a strategy session. I'm local and investor specific Realtor.

Love the book Never Split the Difference. Life lessons - negotiation. Great in real estate, especially as a Realtor halping investors get good deals. Funny thing is the book was also useful in a family relationship that was distant. I used his tactic for admitting "I was a doofas".  It worked.  Tactic to be used when you aren't sure what the issue is and this family member had done this many times, just gone quiet. I called and left the doofas message and she returned my call within a few minutes. Wow...a whole new opening to create a better relationship. Sometimes, when negotiating a real estate deal I've had to bring out different tactics. Good ideas in that book.