People are often drawn to real estate after watching TV shows that focus on flipping houses to make money. Today, Toby Mathis of Anderson Business Advisors talks to Aaron Adams, CEO of Alpine Property Management and Alpine Capital Solutions. Also, Aaron’s working on writing another book, Tips Tricks Foreclosures & Flips: Secrets of a Millionaire Landlord.
Highlights/Topics:
From Carleton Sheets to Robert Kiyosaki: Captivated by concept of real estate education
Pieces of Property: Aaron has 3,000 single family homes in five m...
People are often drawn to real estate after watching TV shows that focus on flipping houses to make money. Today, Toby Mathis of Anderson Business Advisors talks to Aaron Adams, CEO of Alpine Property Management and Alpine Capital Solutions. Also, Aaron’s working on writing another book, Tips Tricks Foreclosures & Flips: Secrets of a Millionaire Landlord.
Highlights/Topics:
- From Carleton Sheets to Robert Kiyosaki: Captivated by concept of real estate education
- Pieces of Property: Aaron has 3,000 single family homes in five markets, a handful of apartment buildings, six mobile home parks, and 20 Airbnbs
- Process of purchasing properties, inheriting tenants, and rehabbing/renovating
- Learn by doing and have a general understanding about construction to be in real estate;
- Rule of Thumb: For most construction jobs, a contractor’s costs for materials and labor should equal each other
- Active vs. Passive: Make no mistake, flipping is active income, but passive income can change your life
- Turnkey Investing Model: Buy properties that generate at least 7% net on rent
- Nation of Renters: 70% of Americans can’t afford to buy a home where they live
- Tool turned Crutch: Student loan debt has gone from millions to trillions; 300% increase
- Killing millennials’ ability to buy property; rents are going up, homeownership is falling
- Secret Sauce Ingredients: Follow light rail plans, focus on first-generation Hispanic neighborhoods, and find public/private partnerships
- Biggest mistake Aaron made was lack of financial control; he waited too long to hire an accountant/bookkeeper and trusted people who ended up stealing money from him
- Aaron’s Biggest Gamechanger: Don’t limit opportunities; disconnect your ego from staking a flag and saying, “This is what I do.”
- Investors typically buy houses via annuities, savings accounts, and retirement money
- Key to Real Estate: Follow the feds, builders, and trends; achieve education with action
Resources
Alpine Capital Solutions
Alpine Capital Solutions on Facebook
Carleton Sheets’ No Down Payment Infomercial
Rich Dad Poor Dad by Robert Kiyosaki
Airbnb
Average Americans can't afford a home in 70 percent of the country
Fannie Mae
Freddie Mac
Tony Robbins
MLS
Federal Housing Administration (FHA)
Merrill Lynch
Fidelity Investments
Toby Mathis
Anderson Advisors
Anderson Advisors Tax and Asset Protection Event
Anderson Advisors on YouTube
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