Mistake FREE Real Estate With Marck de Lautour

Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.

Marck joined Greg Helbeck on the Real Estate Investing Fast Track to discuss all things real estate from what it's like to invest in the Midwest, Marck's business model with SBD Housing Solutions, to new construction in Kansas City, and how to find buyers.

Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.

Real estate investor Brad Chandler joins Marck to discuss how to transform your mind and how that can benefit entrepreneurs.

President of Ashlar Homes, Shawn Woods, joins Marck to discuss his experience as a builder and the benefits of new construction.

Jimmy Vreeland joins Marck de Lautour on the Mistake Free Real Estate podcast to discuss their takeaways from the Collective Genius Mastermind which features the nation's top real estate investors and what top real estate investors in the country are doing to grow their business.

Matthew Pollard joins Marck to discuss rapid growth in the face on uncertainty.

DealMachine CEO joins Marck to discuss how technology is impacting real estate. 

How agents can take advantage of the real estate market.

Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.

Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!

Key Talking Points of the Episode

00:00 Introduction

01:43 How does Collective Genius help us give back?

03:26 What are our biggest takeaways from the event?

06:53 What makes this recession different from 2008?

08:46 Where do we stand on inflation rates today?

12:44 How is inflation crushing the middle class?

14:38 How can real estate investing set you up for the future?

17:34 What is the greatest threat to every investor’s portfolio?

21:31 What does real estate value appreciation look like today?

23:32 Why should people take advantage of Fannie Mae loans?

26:42 What is happening in the new construction market today?

31:16 What are we experiencing in the turnkey market today?

Quotables

“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”

“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”

“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”

“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”

“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”

“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”

“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”

Links

Book: Principles for Dealing with the Changing World Order

https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg

In a previous episode, Tyler Knott enlightened us on what’s happening in our local banking and how it relates to real estate. Today, Tyler is back to share his banking career journey. Tyler’s family has owned the bank for 120 years, and they envision having it for over 110 years to come. Tyler began his career in banking as a teller, and he worked his way up. 

If you are wondering how Tyler got to be the chairman and CEO of Bank 21, this episode is for you. Tyler shares his journey and some of the mistakes he has made along the way. Also, if you are worried about what the future holds for us economically, you must listen to Tyler’s prediction.

 Listen and learn.

Key Talking Points of the Episode:

01:22 How Tyler grew up in banking

03:14 Positions that Tyler has had at Bank 21

05:16 Banking as a business

06:29 The symbiotic relationship between deposits and loan customers

09:09 What makes a good loan?

11:08 Why is real estate such a great piece of collateral

11:41 Debt coverage ratio

15:09 The different lending buckets that Bank 21 has

16:34 How Bank 21 pivoted through 2008

20:17 How Tyler’s law degree helps him as the CEO and chairman of Bank 21

 22:17 Tyler’s goal for Bank 21 for the next five years

25:21 Impacts of the high-interest rates on the economy

26:39 Is there a drop in lending requests due to the high interest rates?

28:58 Do we have a recession coming?

30:33 Why Tyler loves single-family asset class

33:21 Qualities of SDP borrowers

36:34 Mistakes Tyler has done in real estate

38:42 Three people Tyler would golf with

Quotes:

“The best way that I can move this bank forward is to be in it and building the right systems to deliver excellence.”

“You only have so much time in a day and so if you’re having to hands on train every single person on every single aspect then you’re going to stay very small.”

“If there aren’t houses to buy, there’s got to be houses to rent.”

“You can have a great lender and someone that you trust, and you’re assuming that inspections are getting done, but never assume, you know, build those systems in place.”

Connect with Knott Tyler:

LinkedIn: https://www.linkedin.com/in/tyler-knott-9532435/ 

Did you hear of the collapse of the Signature Bank? The collapse was caused by customers withdrawing over $10 Billion in deposits. failure of the Signature Bank was triggered by the failure of Silicon Valley Bank, aka SBV which had announced a need to raise some money for its balance sheet. As investors, should we get worried?

In this episode, Tyler Knott joins me on the podcast to enlighten us on what’s happening in our local banking and how it relates to real estate. Tyler is the chairman and CEO of Bank 21. He helps us understand how bank failures happen, the different types of bank failures, how they relate to real estate, and how banks can safeguard themselves from failure. 

Listen in and learn.

Key Talking Points of the Episode:

00:19 What is bank failure, and what are the different types?

02:49 Importance of short-term bonds

07:55 The power of the Federal Deposits Insurance Corporation (FDIC)

12:47 Understanding zero-rated loans

13:33 What percentage of the bank’s deposits come from wealthy depositors?

21:52 The difference between liquidity failure and asset failure

Quotes:

“On a balance sheet, a bank balance sheet depositors’ money is a bank’s liabilities, and assets are bonds or loans.”

“Fed funds is going to earn a lot less than a longer-term bond. But you’ve got a lot of liquidity risk.”

“A bank’s reputation is key, in any industry, but the reputation for proper management is 100% key. Proper management means diversification.”

Connect with Knott Tyler:

LinkedIn: https://www.linkedin.com/in/tyler-knott-9532435/ 

Lee Arnold is a man who has built some incredible business empires in the real estate investing space, but more than that, Lee has built incredible ministries as well. In many ways, Lee has failed but has a powerful message and story of how some of the most successful businesses are born from failures.

Listen in to the immense wisdom and experience from Lee Arnold!

Key Talking Points of the Episode

00:00 Introduction

02:15 What was the biggest lesson Lee learned as a new investor?

04:09 How did Lee get into real estate investing?

08:00 How does Lee help change people’s minds about real estate investing?

10:11 How does Lee’s program help new investors become successful in real estate?

12:45 Why do some people fail to find success in real estate investing?

16:30 How is the current economy affecting Lee and his businesses?

21:05 What does the market in Idaho look like today?

24:27 What challenges are there in building affordable housing today?

26:29 Why is Lee passionate about business leaders and their faith?

29:19 What is one big mistake Lee made in business in the past?

32:15 Why are debt and leverage not equivalent to income?

35:33 Who would Lee want to spend an afternoon playing golf with?

Quotables

“When somebody told me that funding is attracted to opportunity, not people, that really jumped out at me because I was the least attractive person from a financial standpoint.”

“For most people, real estate is the most accessible thing because if there’s two things everybody needs, it’s food to eat and a place to live.”

“I love passive income, I love cash flow and turnkey real estate, but I think for some, they buy it too early and they don’t have the cash to weather the storm of vacancies or a heater going out, or a tenant trashing the place.”

“I don’t know how people who do not have faith in God run a business because it is stressful.”

“Stay humble, stay in affordable housing, stay in the 5-point criteria that I gave you. There’s nothing wrong with wanting to buy skyscrapers and build giant properties but if you can’t do it with cash, don’t do it.”

“Stick to the fundamentals, stick to the basics, and if you will do that, you will have a very successful business.”

Kim Tucker is the co-founder of the Kansas City REIA and the Mid-America Association of Real Estate Investors. She is one of the most influential people in the real estate space in Kansas and she is with us today to talk about her journey, the mistakes she made, and the lessons she learned along the way. 

Listen now to learn more about Kim, how real estate investing has been for her, and what advice she has for investors today!

Key Talking Points of the Episode

00:00 Introduction
01:45 Why did Kim decide to co-found their own REIA?
03:10 What attracted Kim to real estate?
04:28 What kind of strategies did Kim use when they started investing?
06:45 What was Kim’s time as a landlord like?
09:19 What mistake led Kim to becoming an accidental landlord?
10:30 Why is it important to have the right systems in place for your rentals?
11:52 Why do you need to track service tickets in your rental properties?
13:38 What issues are we facing in the real estate space today?
15:18 What can we do to help protect the community from these issues?
16:19 Why is it important to be aware of what’s happening in your local market?
19:55 What was it like in Kansas City during COVID?
22:10 What part of Kim’s events does she love the most?
23:52 What is the best way to make the most out of a REIA meeting?
26:46 What is the best way to find funding for your deals?
27:55 What are the benefits of doing virtual REIA meetings?
29:18 What is the market like for buying and selling today?
33:02 What is one of Kim’s biggest mistakes in her real estate investing career?
35:25 How can people start investing passively today?
36:22 Why should people start investing in real estate earlier in life?
38:01 Who would Kim want to take a long walk with?

Quotables

“We were doing the deal to do a deal and I don’t recommend doing that.”

“I highly recommend if you’re gonna manage yourself, to invest in systems. Learn systems, have somebody help you get them set up so you don’t have anything falling through the cracks.”

“Try to focus on creating more affordable housing, but be aware that rent control could come down at any time, so make sure you’re not under market on your rents.”

“Just like we say only 5% of the landlords are bad and they’re making all these rules and regulations for everybody for 5% of the landlords, only 5% of the tenants are causing issues.”

“Even if you know, you might be an expert on whatever it is the speaker is teaching, you’ll still get something out of it.”

“I found that bragging about your deals is the best way to find money. Just let people know what you do.”

Greg Iverson is a mortgage broker and he will be working with our investors soon and he wanted to introduce me to his investor-base, so we did an episode together. Tables are turning today as I am the one being interviewed about why real estate and turnkey investments.

Listen now to learn why we got into real estate and why turnkey investments are the key in this kind of economy!

Key Talking Points of the Episode

00:00 Introduction
01:38 What is my background?
03:25 What made me decide to get into real estate investing?
04:40 How did we take advantage of the crash in 2009?
06:24 Why is delayed gratification important in real estate investing?
08:35 What are the benefits of doing build-to-rent projects today?
12:54 Why do we do in-house property management?
14:24 How do we minimize the need for maintenance?
17:08 What should investors be on the look out for in today’s market?
21:29 What is my advice to investors who want to wait?
23:12 How can you pass your assets to your children without taxes?
25:50 How can you connect with our team?

Quotables

“I’m convinced that the ones that can stay the course and work that plan that they set up regardless of the market, those are the ones that long-term, that win.”

“Real estate is the turtle and not the hare. What we’re preaching here, it’s not a get-rich-quick scheme.”

“They say delayed gratification is the sign of maturity and I think never moreso than with just rental real estate, you’ve gotta have the diligence and patience to be buying now to enjoy the fruits of your labor 15 years later.”

“There are only so many homes out there you can rehab, so you have to get a little bit creative and find other opportunities.”

“I am a firm believer that to be a true turnkey provider, you have to be doing property management yourself, otherwise you’re just a house flipper.”

“We don’t upcharge for maintenance at all. We want our investors to have the strongest cash flowing asset possible, meaning we’re doing everything we can to decrease maintenance.

“The good product out there that’s beautifully remodeled, in good condition, and is move in ready, is getting multiple offers and is still of high interest, and we’re getting our asking price.”

“There’s no better way to hedge inflation than owning assets that will go up in value.”

“One of the beauties of real estate investing is you get to pass all of your assets to your children tax-free through step up basis.”

Links

Instagram: Marck de Lautour

https://www.instagram.com/marckdelautour

Email: SBD Housing

invest@sbdhousing.com

Website: SBD Housing

https://sbdhousing.com/

Virtual assistants are becoming more common day by day. Unfortunately, most businesses are yet to learn how to go about sourcing a VA. One thing that we all know is the fact that the hiring process takes work and consumes a lot of time. You advertise a job opening, receive hundreds of applications, conduct numerous interviews, and then land on a VA who stays just a few days. That is frustrating, right?

Today, I have the privilege of hosting Bob Lachance. He owns Reva LCC, which offers virtual assistants for the real estate and medical industries. Bob and his company ensure that we have skilled and trained virtual assistants. His company sources VAs from the Philippines.

In this episode, Bob shares how a virtual assistant can work in your business and become a great asset. Also, he shares his athletic and entrepreneurship journey. Listen to learn more.

Key Talking Points of the Episode:

[01:14] What does Bob Lachance do for a living?

[02:51] Bob’s athletic experience

[04:41] The transfer portal in sports

[07:03] Bob’s experience travelling the world for sports

[07:37] Bob’s family experience

[11:15] What inspired Bob to start his company, Reva Global

[13:25] What led Bob to work with VAs from the Philippines?

[14:43] How can people utilize virtual assistants?

[17:38] How Bob and his Company Prepares Vas for the American market

[23:25] What helped Bob’s s business survive the pandemic?

[25:02] How much does a VA get paid?

[28:23] How Bob is helping other industries make use of virtual assistants

[30:17] Mistakes and lessons that you have learned in business and life

[32:47] Four people that Bob would love to play golf with

Quotes from the Episodes:

“One of the greatest attributes for people that win in life is that they just don’t quit.”

“The power you can have by freeing up your time to have others do either remedial or repetitive tasks is really powerful.”

“Focus on your gold metal talent and just keep this.”- Jeff Hoffman

Connect with Bob Lachance:

Website:  https://revaglobal.com/ 

LinkedIn: https://www.linkedin.com/in/boblachance/ 

Resources Mentioned in the Episode: 

The 4-Hour Workweek- Timothy Ferriss

Everyone has been talking about how high interest rates are, and while this is causing a lot of fear and panic among new investors, those who have been in the game longer are seeing it differently. Jimmy Vreeland is with us on the show today to shed more light on this matter and help us better understand why these interest rates create great opportunities for real estate investors.

Listen now to learn more about the effects of interest rate hikes on the real estate market and why it is the best time to buy properties! 

Key Talking Points of the Episode

[00:00] Introduction

[01:52] How are rising interest rates clearing the field?

[06:14] What is the impact of high interest rates on prices?

[09:09] Why shouldn’t you bank on low interest rates?

[12:48] What do these rising interest rates really mean?

[16:05] What makes real estate the greatest inflation hedge?

[18:49] How is real estate investing similar to a baseball game?

[22:08] Why should you start investing while you’re young?

[23:16] How does turnkey investing really work?

[24:32] When do massive rewards in real estate come?

Sometimes the host becomes the interviewee, and the guest becomes the host. Our host for today is David Choi. He will take Marck through an in-depth conversation to find out what they are doing to remain profitable. 

Marck de Lautour is the Founder and CEO of SBD Housing Solutions, providing turnkey real estate investments to buyers. SBD focuses on single-family rentals and long-term investment strategies. The economic times are difficult, and different companies are taking different approaches for them to remain profitable. Some are cutting down costs wherever they can, while others, like SBD housing solutions, have adopted different ways of disposing of assets. Marck shares all the fine details in this episode. 

Also, Marck shares how they hire and retain talents, their verticals at SBD and explains the pros and cons of owning other asset classes. Listen to this episode and learn from the conversation.

Key Talking Points of the Episode:

[01:23] Getting to hear Marck's background

[02:34] How Marck got started in real estate

[07:28] What does Marck's team look like?

[11:17] How to hire fantastic talent

[13:18] What does Mark do for a living?

[18:28] The different kinds of verticals that Marck's company handles 

[23:44] The pros and cons of owning other asset classes

[32:39] How the economy is affecting Marck's business and what they are doing to remain profitable

[36:53] How to get in touch with Marck

Quotes from the Episode:

"Everyone goes through pivots. And typically, they can often come in the downturns rather than the up swings in a in a market cycle."

"A turnkey real estate provider is someone who sources or buys, remodels and gets assets rented out, typically single families or duplexes. Once it's a turnkey it's a done for you rented out cash flowing, single family or duplex asset. They then we sell it to an investor."

I was recently invited to be a guest on Big Mike’s Real Leverage podcast, where we talked a lot about the real estate market today, especially in Kansas City. We discussed inventory, interest rates, strategies that work, and so much more. 

Listen now to learn what has been going on in the real estate market in Kansas City, the turnkey space, and what we have been doing to ride out this wave!

Key Talking Points of the Episode

[00:00] Introduction

[03:55] What is the market like today in Kansas City?

[04:20] What is turnkey real estate?

[06:01] Is it a good time to buy real estate in Kansas City?

[07:50] How has the market correction affected real estate?

[10:35] What is the role of affordability in the current condition of the market?

[13:19] How is new construction doing in Kansas City?

[15:15] Why is a recession inevitable in this kind of economy?

[18:29] Why should people still buy turnkey properties today?

[23:57] What does the future look like if inflation continues to stay high?

[26:15] What makes today’s economy different from what it was before?

[29:13] How can we continue operating with high inflation?

[30:55] What is the real estate market going to look like in this kind of economy?

[32:05] What is the substitution effect?

[34:50] How soon could interest rates start coming back down?

Aaron Chapman of Security National Mortgage Company is one of the most knowledgeable people I know when it comes to mortgages and real estate. He is with us on the show today to help us better understand what’s going on in the market.

Listen now to learn more about the changes in interest rates and how they are affecting home buyers, sellers, and the market in general!