Big Mike Fund Podcast

Today it is my pleasure and a privilege to welcome back economist and trader, Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategy. Frances is also a frequent guest on both CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we’re talking about what the post-election market looks like from trends to market projections. We’re also talking about the cost of living increase, interest rates, and the commercial real estate space. It is always a pleasure to have Frances on the podcast.   Minute Markers: 00:22 - Hello and Welcome 01:45 - The post-election market 03:50 - Market pricing projections, capital gains, and raising taxes during a pandemic 08:00 - Cost of living increase 13:47 - What’s going to happen with 18:30 - Interest rates and national debt 25:00 - Politics and neutrality and “being in

On this episode of the Big Mike Fund, I’m happy to welcome a brother from theCollective Genius Mastermind and the Freedom Founders Mastermind, Marck De Lautour. He works in redevelopment projects, commercial deals, as well as turnkey properties. Today we’re focusing on various aspects of Marck’s specialities including his process in acquiring new products, his business practices, historic building conversions, and building new turnkey range affordable housing. Marck also introduces the topic of container homes and talks about his 7-14-300 method.   Minute Markers: 00:20 - Hello and Welcome 00:37 - Marck Introduction 04:20 - Cash flow in appreciation, Marck’s business practices 12:00 - Specificities about the market: sales price and rent prices 16:07 - Real estate is still a business 18:20 - Where Marck finds his supply of product 21:22 - Building new turnkey range affordable housing 22:40 - Historic building conversion 24:35 - Container homes 27:10 - Contacting Marck 28:07 - Thank

On this episode of the Big Mike Fund, I’m happy to welcome back Eric Goodman. Full disclosure, we invested with Eric from a couple of our funds—from Tempo Opportunity and Tempo Growth into Goodman Capital Fund too. We love working with Eric. He's a brilliant and intelligent guy and is a managing partner at Goodman Capital LLC. Today we’re talking about investments in the post-COVID world, specifically in New York. We go over interesting opportunities that have arisen because of COVID, risk assets, as well as glance at Eric’s crystal ball as he gives his predictions for future investment opportunities. Eric also talks about the effects of the CARES Act.   Minute Markers: 00:20 - Hello and Welcome 01:45 - New York and investments during and post-COVID 07:11 - Difference between investments and risk assets (at risk of financial default) 13:50 - Eric’s crystal ball (his predictions for investment opportunities and his investments) 21:30 - Interesting opportunities because of the

On this episode of the Big Mike Fund, we’re talking with California-born and Oregon-native Matt Burk. Matt is the founder and CEO of Fairway America as well as Verivest, a fund administration company. Today we’re talking about the opportunities for the rest of Q4 2020 and beyond. Matt also gives us his expertise about terms in the industry (for example, fund versus syndication) in addition to defining what a good deal is and how it can become a great deal. He gives us a little insight on Fairway America and the Verivest platform as well. Matt founded Fairway Financial Services, Inc. in 1992 and has led Fairway’s investment team for more than 28 years. He began his career in real estate finance in 1986 after graduating from the University of California, Davis with a degree in economics. His extensive experience has provided him with wide-ranging exposure and deep expertise in a broad array of real estate asset classes, structured finance, distressed debt acquisition and disposition, and open-

It’s my pleasure and privilege to have with me today Haley Gant an IRA Specialist at Quest IRA, Inc. As an IRA Specialist, it is Haley’s role to help educate investors on how they can use a Self-Directed IRA for their real estate investments, either passive or active, to earn tax-free returns into their retirement account. It is a phenomenal company and we love working with Quest. We’ve done a few webinars with Haley and love working with her as well.  Today we’re talking about self-directed IRAs, UBIT, Roth IRAs, and prohibited transactions when it comes to IRAs. Haley shares her knowledge on these topics as well as a few others. We delve deep into what Quest can offer you and the perks of IRA investments.   Minute Markers: 00:20 - Hello and Welcome 01:00 - A little about Haley Gant 02:24 - What are self-directed IRAs? 07:15 - The basics about UBIT (unrelated business income tax) 16:38 - Traditional IRA versus Roth IRA: Converting Investments 27:30 - What’s the process

Welcome to The Big Mike Fund Podcast. It’s my pleasure and privilege to welcome back to the show, Chris Miles who is an Infinite Banking expert. Today we’ll be talking about what life insurance is, the trends in the market, different forms of life insurance, and we’ll briefly touch on the stock market and other types of investments. Chris Miles, is the “Cash Flow Expert.” He is a leading authority on how to create cash flow and lasting wealth for thousands of his clients, entrepreneurs, and others internationally. After working as a traditional financial advisor and stock coach for several years, Chris came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today. After leaving that industry, he was able to retire when he was 28, and has since worked to teach his effective, unique strategies, for companies like Freedom Fast Track and Garrett Gunderson, and now Money Ripples, while exposing the

On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores.   Minute Markers: 00:20 - Hello and Welcome 01:06 - A little about Steve 03:00 - Fundability factors 06:30 - The process of how Steve works with clients 08:00 - Business versus Personal Credit Card 12:35 - Where do people get credit today? 15:35 - Cash flow financing 18:00 - Typical terms on introductory rate credit cards 21:50 - Where to find Steve’s services 24:00 - How does the government know how to run your business? 27:00 - Final comments, Final thoughts 30:43 - Thank you for li

Welcome to The Big Mike Fund Podcast. Today, it is my pleasure and a privilege to welcome Jake Vanderslice to the podcast. Jake is a specialist in self-storage and is also a brother from the Freedom Founders Mastermind as well as the Collective Genius Mastermind. In this episode Jake and I talk about the process, benefits, and the state of investing in self-storage, how Denver is holding up in the pandemic, and interest rates and cap rates.   Minute Markers: 00:20 - Hello and Welcome 00:30 - Jake Vanderslice introduction and backstory 03:08 - The value in investing in existing self-storage facilities 04:00 - The length of time for the process of leasing a facility and getting it ready 05:00 - The benefits of self-storage 06:45 - Jake’s first and second fund 08:14 - Distributions on Jake’s first fund 11:54 - REITs and cap rates 14:50 - Rising interest rates 16:00 - Denver, COVID, and their status 19:30 - The risk of oversupply and the challenge of retail conversions 22:20 - Getting a hold of J

Welcome to The Big Mike Fund Podcast. Today it is my privilege and a pleasure to have Fuquan Bilal. Fuquan and I are good friends and are in a couple of masterminds together (The Collective Genius and The Freedom Founders). He has been doing fix and flips and rentals in New Jersey for the past 20 years. In this episode we’re talking about his experience in the real estate business, trends, what the post-COVID environments might look like, the stigma of Section 8, emotional equity, and so much more.   Minute Markers: 00:20 – Welcome to the Big Mike Fund Podcast 01:00 - Fuquan’s background 02:00 - Notes, Impact Investing, and mixed strategy 04:00 - Buy and Hold 05:30 - Fuquan’s returns for investors 07:00 - The stigma of Section 8 and government checks 08:20 - Managers, management, and self-management 13:15 - Cap rates 16:00 - Post-COVID environment, city life, and shifts in trends 19:00 - Emotional equity 21:40 - Investing in small notes, how much sweat is worth 26:10 - How to get

Welcome to The Big Mike Fund Podcast. Today I’m chatting with Charles Dobens, a multi-family attorney. His personal mission statement is to help investors buy multi-family projects the right way. He talks about coaching, his views on the future of the market, his points of interaction in the process of multi-family property investments, and why this is his passion.   Minute Markers: 00:20 – Hello and welcome 01:00 - A bit about Charles and his passion 05:00 - The points of interaction with multi-family acquisitions 07:30 - Coaching 12:30 - Examples of mistakes investors make with letters of intent 19:20 - Personal story about partnerships in business 22:00 - Politics 25:10 - How Charles coaches his students 28:30 - C-class properties and markets with good cash flow 31:30 - Workforce Housing 34:20 - Getting a hold of Charles 35:34 - Thank you for listening to the Big Mike Fund podcast   Quotes: “After it happens, there’s not a whole lot I can do for you but before it happens,

Welcome to The Big Mike Fund Podcast. Today it is my pleasure to have Robert Nickell here on the show with me. Rob is another brother from the Collective Genius Mastermind. He’s also known as the “Master Blaster of the Virtual Assistants.” While he is an expert in virtual staffing, it was his career in real estate that got him there. Today we’re talking about virtual staffing and virtual assistants, productivity, documenting processes, and Rob’s business, Rocket Station. Rob talks about how small businesses and large companies use virtual assistants and what sorts of things virtual assistants do.   Minute Markers: 00:20 - Welcome 01:00 - A little bit about Robert Nickell 03:20 - Living in a modern world/the need for virtual assistants 11:00 - VA work is scripted work 12:35 - VA productivity with small companies 14:00 - Documenting processes 20:30 - Staffing at VA Services 25:15 - Near-shoring and Out-shoring (outsourcing) 28:40 - The best way to reach Rob 30:38 - Thank you f

Welcome to The Big Mike Fund Podcast. Today it is my pleasure and a privilege to talk to friend and mastermind brother, Fernando Angelucci, a real estate and self-storage guru. In this episode we talk about self-storage trends, numbers, “eviction” (or in this case, lien) laws, and Fernando’s process. We’ll also chat about the future of self-storage and Fernando’s future projects and opportunities.   Minute Markers: 00:22 - Hello and Welcome 01:00 - Who is Fernando? 03:20 - Eviction and motivating renters to pay 05:25 - Absorption rate lease-up 07:00 - Self-Storage trends 09:00 - Fernando’s Self-storage “eviction” process 11:15 - Buying existing self-storage facilities 16:00 - Fernando’s new projects and opportunities 20:00 - Upcoming deals 23:50 - Bank loan interest rates 27:12 - Delinquencies and occupancy trends for self-storage 31:15 - The near future for self-storage and cap rates 33:00 - Getting in touch with Fernando 00:00 - Thank you for listen

Welcome to The Big Mike Fund Podcast. Today I’m talking to Mike Fitzgerald, who lives in (and owns a large portion of) a small town just outside of DC. In this episode we talk about his town of Hagerstown, preparations for the future of the market, what a credibility site is, and we even have a short political discussion on voting for people and not just on party lines.  Minute Markers: 00:20 - Welcome to the Big Mike Fund Podcast 00:40 - A bit about Mike Fitzgerald and Hagerstown, MD 04:57 - Mike’s formula for success in real estate 06:35 - “Rehab” projects 08:08 - Preparations for economic downturn 11:30 - Mike’s thoughts on the future of the market 12:25 - The connection of legalizing marijuana to the recession and the market 13:50 - The basics and value of investing 14:20 - Hagerstown investments 18:45 - Credibility site 20:00 - Political discussion: voting for the people, not the party 22:14 - Advice for real estate investors or people interested in real estate 24:00 -

Welcome to The Big Mike Fund Podcast. Today it is my pleasure and a privilege to have Caleb Pearson behind the mic. He is another brother from the Mastermind group. On this episode, Caleb and I talk about Zoom Offers (Caleb’s web-based real estate software), the future of the market, contractors, interest rates, and the prevalence of remote work in the suburbs even before the pandemic.   Minute Markers: 00:22 - Welcome 01:40 - About Caleb 03:00 - What is Zoom Offer? 05:25 - Zoom Offers’ two main features 10:30 - Zoom Offers details 11:55 - The future of the market 14:40 - Political climates, news, and how it affects the market 16:30 - Caleb’s pulse on the market 17:15 - Contractors, vendors, and labor issues 20:20 - Interest rates 22:30 - People living in the suburbs and working in the city or remotely 24:34 - Getting in contact with Caleb 25:49 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “The market here is changing. It’s not as easy as it was to s

Welcome to The Big Mike Fund Podcast. Today I’m talking with Ramon Gonzalez. Ramon is an investor and entrepreneur, based out of Miami, Florida. In this episode we talk about passive versus active investors, Ramon’s risk aversion and his investment philosophies, the importance of building a good team, market cycles, and future predictions. Minute Markers: 00:22 – Welcome 00:55 - A bit about Ramon Gonzalez 01:47 - Ramon’s investments and business 06:10 - Market cycles and future predictions 10:00 - Miami condos 13:14 - Areas of opportunity 16:30 - Japan model 17:40 - Passive vs. Active (and hybrid) 22:00 - Risk premium 28:00 - Building a good team 33:30 - Final thoughts and reaching out to Ramon 34:25 - Thank you for listening to the Big Mike Fund Podcast Quotes: “I don’t know of any business that, if the business is growing, the owner is not engaged.” – Ramon Gonzalez “At this state in the market cycle, no one is going to give you a steal. It’s just

Welcome to The Big Mike Fund Podcast. Today I’m talking with Dr. Merril Rowe, who is moving from his profession as a professional dentist and changing to a career as a professional passive investor. We met through the Freedom Founders community, run by David Phelps. On this episode, we’re talking about how Merril buys himself time to make his financial and retirement goals, how he sets up his portfolio, stock market investing versus passive real estate investments, and advice on how to bring in some passive income. Minute Markers: 00:35 - Hey Merril 00:44 - All About Merril 03:13 - Career change into passive investing 04:10 - How Merril generates cash 07:40 - Stock market versus the passive real estate market 08:15 - The rates of return after conversion 10:45 - Diversification and knowing your financial goals 12:29 - Merril’s advice for those getting ready to retire 17:20 - Specific investments and the Tempo Opportunity Fund 25:52 - Merril’s experience with turnkeys 30:25 - Funds and s

Welcome to The Big Mike Fund Podcast. Today I’m talking with Nathan Trunfio, a new brother from the Collective Genius Mastermind. Nathan hales from Bethlehem, Pennsylvania and has done over a billion dollars in loans on single-family and multi-family assets. He has spent his entire career in real estate as a lender and an equity investor. Now he works as the president of DLP (Direct Lending Partners). Today we’re going to talk about what DLP does, Nathan’s predictions for the real estate market and what trends he sees now, as well as his average costs and returns on flips and new builds. Minute Markers: 00:22 - Welcome to the Big Mike Fund Podcast 00:48 - A bit about Nathan Trunfio 04:00 - What does DLP do? 06:39 - What does Nathan think about the market today? 13:35 - The trends Nathan has been seeing in real estate 19:00 - The average return on flips, margins, and yields 21:11 - Mike’s Golden Max Ratio 22:24 - New construction trends 25:18 - Construction build costs and DLP models 29

Welcome to The Big Mike Fund Podcast. Today it is a pleasure and a privilege to welcome Tim Bratz. Tim is a multi-family real estate investor from the Cleveland, Ohio area. He buys, develops, and holds apartment buildings, vacation rentals, & other commercial real estate properties throughout Ohio, South Carolina, Georgia, Florida, Oklahoma, & Texas. Today we’re talking about the impact that COVID-19 has had on one of his biggest projects: Georgia Plains. We’ll talk a little bit about the background of Georgia Plains and the mechanics behind it. Tim and I also go over his plans for the rest of 2020 as well as his view on the future of multi-family real estate investments. Minute Markers: 00:29 – Welcome Tim Bratz 04:15 - The courage it takes to trust a sponsor and operator 08:00 - A little about Georgia Plains 14:13 - The mechanics behind Georgia Plains 17:00 - How Tim pays an overfunded project 18:00 - Rent per door on average 21:12 - How did the virus affect the overall project? 28

Welcome to The Big Mike Fund Podcast. Today I have the pleasure of chatting with Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategies. Frances is also a frequent guest on both CBS, CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we’re talking about her thoughts on the future of the economy: jobs, the stock market, real estate, and the general overview of what we may see in the upcoming year. Minute Markers: 00:50 – A bit about Frances Newton Stacy 04:50 - Frances’ thoughts on the current state of joblessness 07:10 - Things to look out for in the near future 12:00 - Incentive programs for people to go back to work 13:36 - Things happening in real estate 15:20 - Frances’ proposals and thoughts on how to prevent rates from going negative 18:25 - Stocks, the markets, and trading 29:00 - Economis

Welcome back to the Big Mike Fund podcast. Today I’m talking with my good friend, Jimmy Shiels. We’ve known each other for many years. He’s a humble and genuine guy who classifies himself as a speaker, consultant, and the crazy glue that can help keep families together. The mission for his company, 18 Summers, is to help create relationships between entrepreneurs and their families, which can get strained due to the lifestyle and professional pressures of being an entrepreneur. With this new reality, situations at home are changing and families are being impacted. Today, Jimmy shares his thoughts on what families can do while they’re at home, in order to take advantage of the time that we have together. Minute Markers: 00:35 - A little bit about Jimmy 01:15 - 18 Summers 02:00 - How the quarantine is affecting families 04:45 - The story behind 18 Summers 06:35 - One-on-one time and having conversations with your spouse or SO 08:30 - “You should have known better.” 09:15 - To