Claim OwnershipFlipping Awesome Podcast
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Flipping Awesome Podcast is about the stories of those brave entrepreneurial people who have bought, rehabbed, held or sold investment real estate. It can be a scary proposition. You have a lot of money and time on the line. If it goes well, you can make good money and achieve dreams of financial independence and professional growth. If it goes poorly, you can set you’re your financial health by years and dim hopes of retirement and financial freedom. These are those stories…good…bad…or otherwise.Flipping Awesome Podcast is not meant to be “how-to” to become an investment real estate titan. Rather, we want to take you inside the financial and let investors tell their own and real stories about what they have done, how they did it, and their outcomes…warts and all. Celebrate the victories and a nurse the injuries along with real estate investors across the country. Our podcast tells the stories, our membership web site gives you video content, worksheets, blogs, and other helpful information to tell the full story of investment real estate. Who knows…maybe we are going to be telling your story next!Flipping Awesome Podcast is hosted by Marshall Saunders and Heather Foss. If you'd like to ask them a real estate investment question to be played on the podcast, call (612) 352-9177. Please visit our website at FlippingAwesomePodcast.com.
9 Episodes
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You've seen their signs and heard their commercials. Those investors or real estate agents that buy your house no matter the condition and give you a fast and easy transaction. Historically, these have been local people, but now big national companies (called iBuyers) are coming into the market. Enter your address in a box on their web site and BOOM! you get an offer. In this episode, Heather and Marshall discuss this new trend and what it all might mean, and Marshall talks with Anthony Cardinal on the subject. Anthony Cardinal is a licensed real estate agent in the state of Minnesota with the brokerage Realty Group, and he works with a group called Minnesota Home Guys.
Most of real estate investment law is not meant to protect the entrepreneur but rather to protect the world from the entrepreneur. But there are a few way to use the law to lower our liability and help us when things go wrong. On this episode, Marshall and Heather discuss their own run-ins with the law (both good and bad) and welcome guest Barry Rosenzweig, an attorney working in Minnesota and Arizona. Barry gives us useful information on how to use the law to protect ourselves and do things like evictions and leasing the right way. Barry can be found online at barrylaw.com and listen to his podcast BarryLaw Podcast - Where Everything Is Legal.
There are few ways to get started in investment real estate that work better than duplexes. Live in one side and rent out the other - get owner financing - learn property management in a real way - grow your equity to roll into future investments. It's a perfect plan. Sure, it can have its ups and down. On this episode of Flipping Awesome Podcast we'll talk duplexes. Guest interviewer (and host of his own podcast Sweet Home Minnesota) Troy Martenson and Marshall Saunders welcome guest Jason Reed. Jason is a real estate agent in the state of Minnesota with RE/MAX Results and he is an expert on duplexes. Jason can be found online at TheDuplexDoctors.com.Make sure to hit subscribe wherever you found this podcast and rate and review us. Visit us online at FlippingAwesomePodcast.com.
Defer Defer Defer Defer Die. It might be an odd mantra, but it can mean saving tons of money with your real estate investments. The IRS has set up this capital gains exemption to not only save you money but also keep economic development steady. In this episode Jeffrey Peterson from CPEC1031 – COMMERCIAL PARTNERS EXCHANGE COMPANY, LLC describes what it means to be a Qualified Intermediary Services for 1031 Tax Deferred Exchanges. We'll explore the idea of 1031 Exchanges: what they are; what they are used for; who uses them best; and how you can use them. Explore it all on this episode of Flipping Awesome Podcast. Jeffrey Peterson can be found at: CPEC1031 – COMMERCIAL PARTNERS EXCHANGE COMPANY, LLCQualified Intermediary Services for 1031 Tax Deferred ExchangesPhone: (612) 643-1031 or toll free at (877) 373-1031Email: Jeffp@cpec1031.comWeb: cpec1031.comVisit the Flipping Awesome Podcast web site at flippingawesomepodcast.com. Please hit subscribe wherever you found our podcast and rate and review our show!
The world of real estate investing has its positives and negatives, but few things are more universally positive as depreciation. A simple idea, really. The IRS agrees that your building is falling apart. Turning to dust, actually, and it will be worthless (if it is used in any way residential) in 27 and a half years. So, the IRS lets you take depreciation based on that timeline off your taxes every year. Pretty simple, right. But then there comes the idea of accelerated depreciation, which is where you can take individual parts of your building (and the percentage of the building they represent) and depreciate them on a tighter timeline. Just another trick you should have up your sleeve as an investment real estate entrepreneur. Hosts Heather Foss and Marshall Saunders wander into the subject of depreciation and quickly get lost, but they welcome guest Jodi Nielsen from Cost Segregation Services Inc. to help get back on track.Jodi Nielsen can be found at Cost Segregation Services, Inc: 651-210-1921; jodi.nielsen@costsegregationservices.com; www.superiorcostsegregation.comVisit the Flipping Awesome Podcast web site at flippingawesomepodcast.com. Please hit subscribe wherever you found our podcast and rate and review our show!
Being involved in real estate investing takes grit, good attitude, and a business mindset. Bottom line, it helps to be able to say Let's Do This! Marshall and Heather discuss the foundational attitudes that they have seen from rehabbers that spell success...or at least survival. Then Marshall interviews Mackenzie Owens, a licensed real estate agent in the state of Minnesota with Lakes Area Realty. Mackenzie relates her stories of rehabbing homes with her family and discusses her newest venture in a long-term rental duplex. Contact Mackenzie Owens at 612-232-8801 or mackenzie@ownmpls.com or online at ownmpls.com. Be sure to visit FlippingAwesomePodcast.com to see some video content from today's show. Please rate and review the show! This podcast is produced by Minnesota Podcasting, which can be found online at MNPodcasting.com.
Rehabbing a house can make a block look better, but not everyone likes that. Sometimes rehabbing properties bring along the dreaded GENTRIFICATION where a neighborhood can lose its character and price original residents out of the area. It's kind of the hot topic in rehabbing right now, and co-hosts Heather Foss and Marshall Saunders discuss their perspectives on it. The Marshall interviews Joe Mueller, a licensed real estate agent in the state of Minnesota with RE/MAX Results and the Leader and Founder of The MOVE Group real estate team. Joe tells the story of his business and how he rehabs property and shares the core fundamentals of his business. Joe Muller and The Move Group can be found at moveminnesota.com. Be sure to visit FlippingAwesomePodcast.com to see some video content from today's show. Please rate and review the show! This podcast is produced by Minnesota Podcasting, which can be found online at MNPodcasting.com.
It takes true commitment and determination to make it in the house flipping business. You run into some gross and/or bizarre situations from time to time. Hosts Marshall Saunders and Heather Foss share some of their wild stories from rehab projects, and then Troy Molde from the company Henry Homebuyer joins as the featured interview. Troy is a real estate agent and owner of Henry Homebuyer, a company that buys property directly from homeowners and rehabs them for profit. Troy shares some of his strategies for cleaning out tough properties, how he got into the business of rehabbing, some real-world numbers on a recent rehab, and some of the values upon which he runs his company. Henry Homebuyer can be found online at henryhomebuyer.com. Be sure to visit FlippingAwesomePodcast.com to see some video content from today's show. Please rate and review the show! This podcast is produced by Minnesota Podcasting, which can be found online at MNPodcasting.com.
This is the very first episode of Flipping Awesome Podcast. Marshall Saunders and Heather Foss introduce themselves and discuss how they got involved in, and grew to love, investment real estate. Then we preview four interviews that are coming up later in season one. Joe Mueller, Mackenzie Owens, Andy Polski, and Jason Stockwell all share their stories of how they got started in this crazy business. Visit FlippingAwesomePodcast.com. Please rate and review the show!This podcast is produced by MN Podcasting, which can be found online at MNPodcasting.com.
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