Épisodes

  • Managing multiple short term rentals while working full time and raising a big family!

    Managing multiple short term rentals while working full time and raising a big family!
    Jan 4 2024

    You'll think that today's guest, Bill Sanders, has more hours in the day than the rest of us when you hear his incredible story. Somehow Bill self manages 3 very successful short term rentals along the Florida Gulf Coast while working full time in the tech sector! Bill also has a wonderful wife of 18 years, 7 kids(6 of which are age 12 or under!), and 2 grandkids. He even has time for hobbies like golf, shooting and riding his Harley. All of this in the same 24 hour days that you and I have. This is the first episode of season 2 where I will be interviewing investors that are executing different investing strategies at a high level. I'm really excited to kick this season off with Bill because he filled our hour together with tons and tons of actionable information that will make you a better investor. Thanks for watching and be sure to drop us a comment with your questions or thoughts! Want to connect with Bill?

    bill.sanders@joyousvacationrentalsllc.com or 425-985-5145

    Want to connect with me?

    Matt Jones 850-889-0945 https://www.realtormattj.com

    Pensacola, FL
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    59 min
  • S1. Ep5. Investment Loans Explained!

    S1. Ep5. Investment Loans Explained!
    Jul 31 2023

    To successfully invest in real estate you need tools. One of the most important tools is knowing and using the right kind of loan to leverage for each situation. This episode features a breakdown of several lesser know loans that are used by investors. Check it out!
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    16 min
  • Mini Episode! - Top 3 Mistakes to avoid for new real estate investors

    Mini Episode! - Top 3 Mistakes to avoid for new real estate investors
    Jul 26 2023

    New investors that want to get started in real estate tend to think that they will make some huge mistake that they can't recover from but in truth the common mistakes are much smaller and much easier to avoid! This new short form episode walks you through the 3 most common mistakes that I see new real estate investors make and how to avoid them!
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    3 min
  • Foundation Series - How to run your numbers on a house hack deal!

    Foundation Series - How to run your numbers on a house hack deal!
    Jun 22 2023

    Explained: How to run your numbers on a property that you are considering for a house hack investment. This framework also works on analyzing an investment for a LTR (Long Term Rental) and can be easily modified to work for a property held as an STR (Short Term Rental). This is a follow-up to episode 3 on house hacking and part of the foundation series. Be sure to check out the full episode on YouTube to see examples of how to run your numbers!

    Matt Jones 850-889-0945

    https://www.realtormattj.com

    REIRoadmap@gmail.com

    Pensacola, FL Realtor
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    23 min
  • Foundation Series - House Hacking

    Foundation Series - House Hacking
    Apr 5 2023
    House Hacking - as I would define it, is utilizing your personal residence as an investment vehicle to help springboard you forward financially and to accelerate your real estate investing career. As a real estate agent, this is one of the most common investment strategies that I see new investors and even seasoned investors that want to speed up their portfolio growth implement. Pensacola and the surrounding areas have a very large military presence and this is a very popular strategy with service men and women who utilize their VA loan to get started. Don’t worry, it also works with FHA, conventional and any type owner occupant loan you want to use. Typically loan terms are more attractive & downpayment requirements are lower for owner occupied loans which is one of the things that makes house hacking such a powerful and accessible strategy. So what are some house hacking strategies that you can use along your path to real estate investing success? You can rent out rooms in the home that you occupy to lower or eliminate your personal living expenses I personally did this from the time I bought my first home at 23 up until I relocated to Pensacola and met my wife. I was interested in real estate investing back then but I hadn’t started investing yet and that wasn’t why I rented the rooms but the effect on my finances was the same. The extra money that I made from renting 1 room, and occasionally 2, in my house allowed me to invest in my 401k and still afford to have a good time in my 20’s. Investing in the stock market through my 401k during the post 2008 bear market was a great financial move and only possible for me because I had implemented this particular house hacking strategy. You can rent rooms out to long term tenants, short term tenants or to mid term tenants like traveling nurses that typically stay from 1-3 months. You can buy a multifamily property and live in one unit and rent out the others, again lowering or eliminating your personal living expenses To really get things moving you can combine these two strategies You can rent out other rooms and or other units either as long term rentals or short term rentals. Short term rentals are generally more work but offer more income upside. This is the strategy that helped me quit my job, move to Pensacola and begin working in real estate full time as an agent and investor. While living an hour away in Mobile, AL and working a full time job, I bought and renovated a fourplex, then refinanced it to pull my money back out. At that point I had a four unit property where three tenants paid $700 per month and my mortgage was just under $1000, I was living for free and bringing in $1100 more than my mortgage every month. Because I had just renovated the property I had very few expenses or repairs which was an added bonus of combining the BRRRR strategy with my house hack on this property. I also had money to live on when I quit my job because of that refinance. This was probably the single best financial decision that I made and it allowed me to pursue a career path, real estate, that I was more interested in than the career I had in management and ultimately that was more lucrative. Between single family & multifamily properties are properties that include an accessory dwelling unit, ADU for short but more commonly known as an in law suite. ADU’s can make great short, medium and long term rentals. Instead of selling your home when you move you can keep it as a rental and use another low down payment loan to buy your next home. It’s important to run your numbers as if you were not living there before buying a home if this is your planned exit strategy. You want to ensure that it will cash flow when you move out. Many military members do this at each duty station and end their military career with a portfolio of rental properties across the country that were all purchased with low or even no downpayment. You can buy a fixer upper, move in and fix it up and sell it after two years. This allows you to use a low down payment loan to purchase the home and put your additional funds toward fixing it up. After two years you can sell the home and your first $250k in profits for a single person or $500k for a couple are free from income taxes. This is also sometimes referred to as a Live In Flip but I still consider it squarely in the house hacking category. Before I was married I intended to utilize this strategy and move every 2 years. As some of you listening probably know, having a family can change your willingness to endure inconvenience just to make a bigger profit. Interestingly enough I have a repeat past client that has moved over 40 times, sometimes simply for their career, but often motivated by buying a good deal and/or clearing their profits from the last house without paying taxes. Watch the episode for even more great information on house hacking! Matt Jones 850-889-0945 https://www.realtormattj.com
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    26 min
  • Introduction to the Real Estate Investing Roadmap Podcast

    Introduction to the Real Estate Investing Roadmap Podcast
    Feb 7 2023

    Welcome to the Real Estate Investing Roadmap Podcast where our goal is to show you how to use real estate to build the life you want and get where you ultimately want to go

    Each episode I’ll strive to bring you actionable advice that you can use to begin or to further your real estate investing journey. The road to real estate investing success is littered with potholes, failures to start, wrong turns, red lights, traffic jams and dead ends. The REI Roadmap we discuss will be your guide to avoiding the pitfalls and ultimately arriving at your personal destination safely and on time.

    First, we will set a foundation of terms and strategies for you to work from and then we will deep dive into specific topics. To maximize the use of our time together the content we cover will be divided into series where we cover specific topics in detail. While I highly recommend reviewing this information in order it is not necessary to do so. You can absolutely zero in to the information that you really want to learn and that interests you by listening to the specific series on your preferred areas of real estate.

    To help me dive deep into specific topics and bring you maximum value I’ll invite other investors and real estate professionals on from time to time to co-host episodes, provide deep dives, discuss case studies from their own experiences and to discuss trends in the real estate market that you will want to watch out for.

    Why am I bringing you this podcast and why now? Well, between building my rental portfolio of 28 rental units, mostly long term rentals with a few short term rentals sprinkled in, and being one of the top performing real estate agents in my area, I see a lot of the good, the bad, and the ugly when it comes to real estate investing. I’ve made many mistakes along my journey and I’ve watched as others made even more. I believe that with the right roadmap we can smooth out your journey and greatly increase your chances of reaching your real estate goals. I’m still on my journey as well and I’m always interested in learning more, growing my skillset and improving my craft so I will be learning right along side you at times!

    Sometimes the bad and the ugly in real estate isn’t caused by underfunded or uneducated investors but it’s simply a case of an investor missing one or two key turns along the way. It’s easy to stumble into dead ends or arrive at the wrong destination if you don’t have a good road map. More often than you might think investors have the wrong map all together because they did not properly align their goals with their strategies and available resources.

    By looking at different strategies in depth you will be better prepared to choose the strategies that best suit your available time, capital and the tools/knowledge that you possess.

    There are many different ways to make money through real estate and build the life you want. Through case studies, deep dives and by interviewing people that are crushing it in various areas of real estate we will bring you actionable advice that you can use to achieve your real estate goals.

    I can’t wait to begin this journey with you. Be sure and subscribe to the podcast so that you are notified as new episodes drop.
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    3 min
  • Foundation Series - Traditional Lending Options Explained

    Foundation Series - Traditional Lending Options Explained
    Feb 7 2023

    Real Estate Investing Roadmap Podcast Season 1, Episode 2 of the Foundation Series explains traditional financing options in depth with local Pensacola, FL mortgage originator Nick Redhead of Guaranteed Rate Affinity.

    We deep dive into the loan process, the features and some benefits of conventional mortgage loans, FHA Financing, and VA Loans with a deep dive into the VA entitlement and how to maximize the value of your VA loan eligibility!

    *I did confirmed that you can use your VA Loan to purchase a property with up to 4 units*

    Find more about Nick @ people.grarate.com/nick-redhead-594824 by calling or texting him at (850) 529-0282 or send an email to Nick.Redhead@grarate.com

    As always you can find more from me @RealtorMattJ on Facebook, Instagram or Twitter by calling/texting me at 850-889-0945 or send me an email at matthewajones@kw.com
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    57 min
  • Foundation Series - Why Invest in Real Estate?

    Foundation Series - Why Invest in Real Estate?
    Jan 31 2023
    Foundation Series - Episode 1 - Why Invest in Real Estate? If your goal is to master any subject it is vital to to start with the foundational knowledge and principles on that topic. Building knowledge is a little like building a pyramid, take a minute and visualize a pyramid in your head, wide at the bottom, pointy at the top right? Well, if knowledge is built like a pyramid and you tried to start building it with the pointy top then it would topple right over wouldn’t it? Of course it would, it’s silly to even think about building a pyramid that way. To get to the top of a pyramid, whether a real one or a knowledge pyramid in your head, you absolutely must start with a strong foundation. This is episode 1 of the foundation series. You can listen to all of these episodes in a row for a broad view of real estate investing or you can start with this episode and then jump to the topics that interest you most. If you are just getting started I highly recommend listening in order because, to be quite candid, it is hard to know which investing strategies will interest or suit you the most until you know what is out there. This is especially true if what you know, or what you think you know, comes from social media influencers or tv shows. Often, those types of sources have a vested interest in showing you only the exciting or dramatic parts and don’t give you a realistic picture of what is happening in real life. I assume that, like me, you operate in real life and that you’ll go through the entire experience and not just the parts that make it on tv or your social media feed. I’m going to do my level best to bring you the truth on real estate investing whether it’s pretty or not. Our topic for today is a highly personal one. Not personal to me per se but personal to each and every person that listens to or watches this episode. That topic is: Why invest in real estate? With all of the different types and strategies of real estate investing you can bet that there is something to suit almost every investor and that there are many practical and concrete answers to the question “Why should I invest in real estate” and while I will certainly get to those but it’s absolutely vital that you start with YOUR own personal reasons for investing in real estate. If your investing strategy, no matter the benefits of that particular strategy, doesn't align with your personal goals and resources then you are much much more likely to fail in the long run. I’ll start with my reason for investing in real estate. I invest in real estate for security. Personally, my goal is to be financially independent. I want to be in control of my life and my time. Real estate investing is my retirement plan and my goal is to be able to retire early should I choose to do so. Practically that means that I’m not investing for funds to use today, I can choose strategies with a long time horizon that pay off over time or at a later date. Someone needing to use the money immediately would probably choose to invest differently than how I personally invest. Just a handful of possible goals for other people include: the need to replace the income of a spouse that wants to stay home with the kids, or to fund college expenses, pay off student loans, or to generate money to support a loved one that needs full time care due to health or a disability. It could be that you hate your job and want to replace that income or at least set up enough of a safety net to quit and look for something else. Maybe you are investing in real estate to offset taxes from a high income career, as a store of value, or to finance hobbies like sailing, owning a race car or traveling the world. Whatever the reason that you are investing - take a moment and write it down - this will help you figure out what is best for you, personally, as we review investment strategies in future episodes. Next: Let’s take a few minutes to take a personal inventory of your skills and available resources. Do you have great carpentry, electrical or plumbing skills. Whether you do or do not have the skills, are you interested in being hands on and doing that type of work yourself? Will you hire it out? Do you have good management skills to oversee contractors or trade people? Do you have the time to visit the job site, meet with contractors or pick up materials? Would you rather avoid projects that need a lot of work all together? These are important things to consider at the outset as they will determine the criteria you set and what kind of projects that you are willing to take on. How will you finance your projects? Do you have a large savings or brokerage account that you will use to fund your real estate investing? Do you have friends, relatives or potential investors that will help you financially? Will you partner with other investors? Do you have good credit? Can you live in ...
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    14 min