All Forum Posts by: Tiffany Youngren

BRRRR and Flipper question: Would you prefer to pay a Wholesaler their going rate to find and assign deals to you, or would you rather pay a commission to an exclusive real estate agent (who is also an investor specializing in finding you off-market deals and can be a consultant) a flat commission?

I'm terrified to invest in LA - but after watching Flipping101 on Discovery+, our daughter and son-in-law are excited to do flips out there! At the end of the day, regardless of the investment strategies you use (buy/hold, flip, etc), you can succeed with

1. A good team: Rental Manager, Attorney, bookkeeper, architect+contractor (for remodels), and handyman (for repairs).

2. Good cashflow

Good luck!!

We time block showings like @Adam Martin mentioned, blocking out 3-5 hours at a time for 20 minute showings (appointments are set every 30 minutes during our time block to allow for people who are a little late or run a tiny bit over). If someone doesn't show up (or is too late), we'll only reschedule if we didn't already get solid applicants. Usually, we have 3-4 really solid applicants who DO show up, and we focus on them. It's worked very well so far :)

My poor husband (and business partner) got bombarded by a complete Podcast Geek-Out yesterday. This is why.

Have you heard of Dynamic Content for podcasts? Making a first rate show just got waaaayyyy easier.

Dynamic content means that clips of content (like intros, outros, ads, features) is added dynamically by the platform the show is hosted or stored on — not during production. Boom. Game changer.

As a result: if you want to have a podcast to promote yourself, services, book, speaking, etc, but don’t have anything to promote YET - that’s ok, because you can start with your show and add your “ask” (or pitch) for your listeners later!

1. You can swap out the intro and/or outro for ALL releases episodes in one fell swoop.

2. Chapter marks can be added so listeners can skip to the section they want.

3. Paid ads - - or podcaster ads - - can be swapped over time

This is uh-mazing!!!!!

I was so excited that I signed up for Captivate Brand (meaning I left Libsyn, a provider I’ve been with for about 5 years) so WE can take on the hosting for the podcasters I help!

Now I’m sharing an end-of-year HostMaster Special 90-Day level up program through my podcast marketing company that (until the end of the year) includes

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How many podcasts have you been a guest on?

We purchased an 8-Unit this year with 0-down and were paid management fees while fixing it up (although we do have experience). Have you read Joe Fairless's The Best Ever Apartment Syndication Book? This is an area where you can learn your way into big deals while making money doing it.

How important is it to meet the right people? Super important, right?! PODCASTING is the best way to get it done. Whether you start your own show or leverage Other People's Shows (OPS's), it gets you out there and deals flowing - potentially better than any other strategy.

Besides meeting with more of the right people (mentors, sellers, buyers, investors, lenders, team members etc) - other huge podcasting benefits include:

1. SEO: Backlinks are tough .... until you podcast. Ask me how.

2. Social Media: One episode provides enough content for 10+ posts.

3. Blog Posts: Blog posts are the #1 way people discover shows, and it's the best way for you to convert listeners into sellers, investors, and buyers.

4. Authority: Top trainers will tell you that having a BRAND BUILDING PLATFORM LIKE PODCASTING is a "must-have" when it comes to quickly build authority.

5. Leads: Your listeners become leads!

I'm an investor and an experienced podcaster who has STREAMLINED systems that run on auto-pilot and other tasks that are easy to delegate using our proprietary

• - GUESTMaster system for people who guest on Other People's Shows (OPS's) and
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Investment Info:

Large multi-family (5+ units) other investment in Billings.

Purchase price: $285,000

7 Residential, 1 Commercial distressed property purchased in May 2021. The vacant Commercial + attached Apartment AND 1 BR House were all remodeled and are now rented for $1800 (live/work) AND $850 (house). The remaining 4 1BR apartments and 1 studio house rent for $695 and $595 respectively. We are working through gutting, remodeling, and furnishing those for $1150/mo extended stay for traveling nurses and other pros. Everything rents quickly and we have a backlog of nurses needing housing.

What made you interested in investing in this type of deal?

This was our re-entry into full time real estate investing. We saw so much potential in it and were eager for a big project with big impact. We found it!

How did you find this deal and how did you negotiate it?

This was an ON MARKET deal. It was our last purchase through another agent - but our agent is now our managing broker.

How did you finance this deal?

We almost purchased this owner-finance but ended up getting hard (yet private) money loans. Fortunately, we have been cash-flowing (sometimes .... almost completely cash flowing) in the meantime!

How did you add value to the deal?

We remodeled it, changed the management (which is still a project in the works). We are also buying more properties on the block!

Purchased for $285,000
All-In Final Costs Phases 1 AND 2: $375,000
TOTAL: $660,000
Est ARV = $1.2 Million @ 5% CAP

What was the outcome?

ARV after Phase 2 (by March/April, 2022) $1,200,000 based on a 5% CAP Rate.

We are currently looking to refinance ($700,000 - 58% of ARV) to cover Phase 2 and a modest profit.

Lessons learned? Challenges?

So many challenges and lessons learned. I could write a book on just this project. If I were to pick just one - evict problem renters. It's not worth the police calls, thefts, violence, and other trouble that is caused by problem tenants while you're trying to fix the place up. We are identifying non-profits to contribute to who help those who are drug-addicted and homeless since we are not equipped to serve them properly through our real estate investing.

Also - be ready for opportunities.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Through this deal, we became eXp agents, which I highly recommend :) We had our own real estate office years ago, but took a break in 2008 until 2021.

Investment Info:

Large multi-family (5+ units) other investment in Billings.

Purchase price: $285,000

7 Residential, 1 Commercial distressed property purchased in May, 2021. Rents were $495-550/month for 6 of the units (4 1BR apartments and 1 Efficiency house) and 2 units were vacant when we purchased the property for $285,000. The previous landlord took no deposits, and criminal activity was the "norm." Now that the area is cleaned up, we purchased another house on the block with another neighboring lot under contract. The whole neighborhood is being transformed with the help of other fix/flip investors and one owner-occupied house.

PHASE 1 (complete): Remodeled a 1 BR house that was vacant and now rented for $850/month. Remodeled a Work/Live commercial + apartment that was vacant and is now rented for $1800/month. We also replaced the roofing for most of the units, cleaned up the properties, replaced windows throughout, and did repairs in several apartments.

PHASE 2 (underway): We will either slowly or quickly be doing total gut remodels on and furnish the remaining 5 units. They will be rented to traveling nurses and other extended-stay short-term renters.

Purchased for $285,000
All-In Final Costs: $375,000
TOTAL: $660,000

Current Value (Phase 1 Complete 12/2021): $710,000

ARV $1,200,000 based on a 5% CAP Rate.

We are currently looking to refinance $700,000 (58% of ARV) to cover Phase 2 and a very modest profit.

What made you interested in investing in this type of deal?

This was our re-entry into full time real estate investing. We saw so much potential in it and were eager for a big project with big impact. We found it!

How did you find this deal and how did you negotiate it?

This was an ON MARKET deal. It was our last purchase through another agent - but our agent is now our managing broker.

How did you finance this deal?

We almost purchased this owner-finance, but ended up getting hard (yet private) money loans. Fortunately, we have been cash-flowing (sometimes .... almost completely cashflowing) in the meantime!

How did you add value to the deal?

We remodeled it, changed the management (which is still a project in the works).

What was the outcome?

We are just entering Phase 2 - depending on this round's financing, we'll do Phase 2 fast or slow.

Lessons learned? Challenges?

So many challenges and lessons learned. I could write a book on just this project. If I were to pick just one - evict problem renters. It's not worth the police calls, thefts, violence, and other trouble that is caused by problem tenants while you're trying to fix the place up. We are identifying non-profits to contribute to that help people who are drug-addicted and homeless since we are not equipped to serve them properly through our real estate investing.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Through this deal, we became eXp agents, which I highly recommend :) We had our own real estate office years ago, but took a break in 2008 until 2021.

@Stacey Thomas thanks for the reply. Enjoy Montana! What town?