Real Estate Blog

Investor Interview with Bob Kim

Thursday, April 9, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Bob Kim, Investor

Q: Who was your first business mentor?  

A: Never had just one. I learned bits and pieces from multiple people, books, online, etc., and still do. Trial and (a lot of) error.


Q: Who was your first mentor in real estate?  

A:  I never had just one. I was, and still am, a seminar and course junkie, and enjoy networking with others--both newbies and experienced with real estate. I use the bits and pieces that work in my specific markets and modify them to best work for me.

 

Q: What is your favorite book? 

A: Without Remorse by Tom Clancy

 

Q: What is the best lesson you have learned in real estate? 

A: Never break the rules once you learn them. I had a scuba dive instructor, who was also a certified cave diver, tell me that everyone who ever died during a cave dive did so because they broke a rule they had learned to not break. Every time I lost money in real estate is because I broke a rule I had learned to not break.


Q: How many properties do you own? 

A: 20 properties and some first-position mortgage notes

 

Q: When did you start investing? 

A: Very intermittently, with one out-of-state rental property, in the late 1980’s. Full-time in July 2005.

 

Q: Why do you Invest?

A: To spend more time with my family.


Q: What is the best advice you have received?  

A: How we do anything is how we do everything.

 

Q: Do you have a favorite podcast?  

A:  What’s a podcast?


Q: Any hobbies? 

A: Reading, networking, community service projects, stuff to do with the wife.


Q: What is the best advice you could give someone else? 

A: "To do what is best in life: To crush your enemies, to see them driven before you, and to hear the lamentations of their women!"  --Conan the Barbarian (best read in Arnold’s voice for maximum effect.)

 

Q: Is there a place for you where time slows down?  

A: Sitting in a comfortable chair with one of our cats in my lap while thinking of ways to create value in the lives of good people, and create mayhem in the lives of bad people.


Q: If you were a member of a music group, it would be _________?

A: behind the scenes as a booking agent and publicist for any music group


Q: I was introduced to Auben ______.

A: Through meeting the founder, Tyson Schuetze. Tyson and I first met at real estate investing seminars when we were both starting as full-time real estate investors and I was very much impressed, and influenced, by his high level of integrity. It never ceases to amaze me how people like him can accomplish so much in just one lifetime.


Q: If you weren't investing in real estate you would be_______.

A: A full-time engineer somewhere doing community service activities in my spare time. Or maybe working as a clown in a traveling circus doing community service activities in my spare time.

 

Q: If you were to start over_______.

A: I’d learn much more quickly how to screen out dishonest people and let only trustworthy ones into my life.

 

Investor Interview with Rich Hinson

Thursday, March 12, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Rich Hinson, Investor

Q: Who was your first business mentor?  

A: My dad, Mike Hinson.


Q: Who was your first mentor in real estate?  

A:  Scott Woodhams

 

Q: What is your favorite book? 

A:  The Walking Drum by Louis L'Amour and Atlas Shrugged by Ann Rand 

  

Q: What is the best lesson you have learned in real estate? 

A: Buy one at a time and get it working. Don't do a subject-to sandwiched with a lease-to-own. Real estate is supposed to be boring. 


Q: How many properties do you own? 

A: Not enough.

 

Q: When did you start investing? 

A: Real estate: 2008. Stocks, MF, etc.: 1995

 

Q: Why do you Invest?

A: To spend more time with my family.


Q: What is the best advice you have received?  

A:  This week: "You Harvard-types need to stop worrying about the numbers and focus on helping people."- Don Morant.  

 

Q: Do you have a favorite podcast?  

A:  Really, it's YouTube for me.  I'm not plugged into podcasts. Some of my current favorites: Joe Rogan Experience, Jordan Peterson, John Wineland, and David Deida and Before the Train Wreck with Richard Cooper


Q: Any hobbies? 

A: Riding motorcycles, skiing, shooting sports, and working on my property. 


Q: What is the best advice you could give someone else? 

A: Don't over think and over plan. Get your first deal and everything else will fall into place.

 

Q: Is there a place for you where time slows down?  

A: At a nice cabin by a lake, or an outdoor cafe drinking coffee while reading a book.


Q: If you were a member of a music group, it would be _________?

A: Led Zeppelin


Q: I was introduced to Auben ______.

A: In August 2009.  I cold-called an Auben Homes advertisement in the Iwanta, and talked to Tyson about local REIAs in the area. 


Q: If you weren't investing in real estate you would be_______.

A:  investing in businesses 

 

Q: If you were to start over_______.

A: I have started over a few times, and it keeps getting better each time I do. Don't be afraid to walk way from something that's good enough for something great. 


Investor Interview with Bob Bonser

Thursday, February 27, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Bob Bonser, CRNA & Investor

Q: Who was your first business mentor?  

A: I was that kid selling lemonade in the street, caroling for tips, raking leaves, and mowing lawns. When I was about 10, an old Italian brick mason--who’s entire body looked to be completely composed of leather--said to me “Kid, a lousy business is better than a good job!” His words have stuck with me since.


Q: Who was your first mentor in real estate?  

A:  My first "How-To" guide was conveniently packaged within 32 cassette tapes and a book, about two inches thick. After all, it was the the 1970’s: scams abundant and the get-rich in real estate movement was being born. No money down! Flips! Creative financing! Simple, right?

 

Q: What is your favorite book? 

A:  I've read the JRR Tolkien Lord of the Rings trilogy at least 4 times.   


Q: What is the best lesson you have learned in real estate? 

A: Silverwood. An inside joke, but I learned you're gonna lose some in order to win some.


Q: How many properties do you own? 

A: Right now, between entities--about 50 properties. 

 

Q: When did you start investing? 

A: I did my first reno and flip in ‘85 and got crushed!

 

Q: Why do you Invest?

A: For me investment in real estate is a retirement tool. I am cynical to a fault and believe that everything is a scam 'til proven otherwise. The stock market has proven me right! 


Q: What is the best advice you have received?  

A:  Stay in school.  


Q: Do you have a favorite podcast?  

A:  Joe Rogan. The guy is a trip! And his inquisitive nature rivals that of a five-year old. He'll make you take a step back and grab different perspectives, and analyze your perceptions and biases. 


Q: Any hobbies? 

A: Skiing, scuba diving, cycling, running, triathlons (completing two full and two half), and of course drinking beer. Sadly, life and age have interrupted the tri-training, but I still do a sprint once a year.  I also love music, festivals and jam bands (I'm a loyal Deadhead). 


Q: What is the best advice you could give someone else? 

A: Stay in School!  


Q: Is there a place for you where time slows down?  

A: On/under the water or out on my bicycle. 


Q: If you were a member of a music group, it would be _________?

A: Grateful Dead


Q: I was introduced to Auben ______.

A: This is a loaded question with a very long story! In short, I met Auben at Stillwater in downtown Augusta 11 years ago. I had been shut out of the Hilton by a reservation error, had no place to sleep, and I was competing in the Augusta Ironman that weekend. I met a random guy at the bar, we spoke, had a beer and hung out for a bit. That stranger offered me and a friend lodging in their home. He was truly empathetic of our situation, and showed a true sense of humanity. It turns out this person had a profound effect on my life, and I think he would say the same. I still call this person a dear friend, and one of the most honest, loyal, dedicated and hard working people I know. That person is Tyson Schuetze, owner of Auben.


Q: If you weren't investing in real estate you would be_______.

A:  working till the day I die. A 401k is nothing anymore. The dollar amounts required to maintain a reasonable lifestyle are staggering. Not a lot of people can put together $3-5 million by saving a few bucks each paycheck. You can generate lifelong income and create a family legacy with real estate.  

 

Q: If you were to start over_______.

A: I would've bought waterfront property in the 1980’s!!!


Investor Interview with Megan Duma

Thursday, February 13, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Megan Duma, Real Estate Broker & Investor

Q: Who was your first business mentor?  

A: Honestly?  My ex husband!  I grew up with the Midwestern mindset of "work hard, study hard, get a good job, and you'll live happily ever after."  It wasn't until I was working for the world's biggest law firm as the only female associate in the San Diego office that I realized the rat race wasn't for me.  At about the same time, I met my ex, who I am still dear friends with. He was an internet entrepreneur, and got me started thinking "outside the box" about how to create pipelines of money, instead of trading your time for the dollar... There's really no turning back from there. 


Q: Who was your first mentor in real estate?  

A:  Robert Kiyosaki and Andrea Wardell.  In 2014, I read Ken McElroy and Robert Kiyosaki's book the ABCs of Real Estate Investing. I LOVED it. Then I read The Real Book of Real Estate, Loopholes of Real Estate and Tax Free Wealth.  I couldn't put the darn things down!  With just enough information to get into trouble, I applied these principles in my hometown of Kansas City.  My first point of reference was reaching out to my dear friend, Andrea Wardell, who I knew was making it rain for all kinds of investors in Kansas City.  She sold me my first two buy-and-hold properties in the Midtown area of KC, and in addition to having great cash flow, they both doubled in value in three years. So, I was a good start! 

 

Q: What is your favorite book? 

A:  For a real estate, see above, but a book I've read multiple times, and can never put down is the Count of Monte Cristo. Jonathan Livingston Seagull is a close second.  


Q: What is the best lesson you have learned in real estate? 

A: Everyone always thinks that THEY have the weaker hand. Remember that.  And always be willing to walk away from a deal.


Q: How many properties do you own? 

A: Depends on the day. At this very moment, six. Three operate as AirBnBs, two flips, and my primary.  But I've done five other flips this year. 

 

Q: When did you start investing? 

A: August 2014

 

Q: Why do you Invest?

A: Security: for myself and my family. Passion: I LOVE taking something old and "ugly" and making it beautiful again, or breathing new life into projects.  I also love the tax benefits of real estate. 


Q: What is the best advice you have received?  

A:  Grab the bull by the horns.  


Q: Do you have a favorite podcast?  

A:  Well, this is embarrassing.... I don't really listen to podcasts. You'll find me jamming out to old country or bluegrass in my big truck.  I specialize in singing songs by Reba. 


Q: Any hobbies? 

A: I taught yoga in the Caribbean for three years, and still practice at least 3x a week.  And I'm pretty down with doubles beach volleyball. 


Q: What is the best advice you could give someone else? 

A: Listen to your intuition. If your gut says it's wrong, don't do it.  


Q: Is there a place for you where time slows down?  

A: At a little bar made out of a bus called Karakter, on the beach in Saint Maarten, with a nice French Rose in hand.


Q: If you were a member of a music group, it would be _________?

A: with Reba. As a back-up dancer.


Q: I was introduced to Auben ______.

A: just recently!


Q: If you weren't investing in real estate you would be_______.

A:  owner of a vintage furniture shop with a wine bar and a yoga studio

 

Q: If you were to start over_______.

A: I do. Every day.


Investor Interview with Michael Hicks

Thursday, February 6, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Michael Hicks, Investor

Q: Who was your first business mentor?  

A: Jimmy Baker 

 

Q: Who was your first mentor in real estate?  

A:  John Whitmire

 

Q: What is your favorite book? 

A:  Richest Man in Babylon


Q: What is the best lesson you have learned in real estate? 

A: Don't be afraid to ask for help. Someone out there has already made the mistake you're about to make. Ask if you're not sure. It will save you lots of time, grief, and money.


Q: How many properties do you own? 

A: Enough. 

 

Q: When did you start investing? 

A: I purchased my first rental at 19 (Year 2000).

 

Q: Why do you Invest?

A: To leave a legacy for my family, the thrill of structuring deals, helping others, and to give back.


Q: What is the best advice you have received?  

A:  When buying, don't worry about the price if you can get the terms you want. When negotiating, you can give price or terms, but you can't give both.  


Q: Do you have a favorite podcast?  

A:  I listen to several. Depends on what I'm focusing on. At the moment, it's anything regarding short term rentals. 


Q: Any hobbies? 

A: Traveling, watching my kids play sports, fishing, paintball, and sporting clays


Q: What is the best advice you could give someone else? 

A: Don't be afraid to ask for seller financing.  


Q: Is there a place for you where time slows down?  

A: On the Tennessee River with a fishing pole in my hand.


Q: If you were a member of a music group, it would be _________?

A: The Oak Ridge Boys


Q: I was introduced to Auben ______.

A: in 2018 when I was invited to lunch for a meet and greet.


Q: If you weren't investing in real estate you would be_______.

A:  teaching shop class.

 

Q: If you were to start over_______.

A: I would have started looking for higher priced homes. It's just as easy to buy a $100,000 home as it is to buy a $30,000 home. I'd rather have ten $100,000 homes than thirty $30,000 homes.


Investor Interview with Juan Carlos Casas

Monday, January 27, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Juan Carlos Casas, Investor

Q: Who was your first business mentor?  

A: Don Morant and Justin Anderson 

 

Q: Who was your first mentor in real estate?  

A:  Same guys

 

Q: What is your favorite book? 

A:  Take the Stairs by Rory Vaden


Q: What is the best lesson you have learned in real estate? 

A: The more I prepare the luckier I get.


Q: How many properties do you own? 

A: Not enough. 

 

Q: When did you start investing? 

A: In 2008, just after the big crash.

 

Q: Why do you Invest?

A: To secure our future as a family.


Q: What is the best advice you have received?  

A:  First, no matter how successful you are you need to keep your feet on the ground all the time. Second, what is not growing is dying.


Q: Do you have a favorite podcast?  

A:  Rich Dad, Poor Dad


Q: Any hobbies? 

A: Playing soccer, watching movies, and doing small carpentry projects


Q: What is the best advice you could give someone else? 

A:  In tough times ... keep swimming. If you get lemons ... bring the tequila and enjoy it!


Q: Is there a place for you where time slows down?  

A: In Mexico at the ranch swinging on the hammock with a tequila in one hand and a good book in the other.


Q: If you were a member of a music group, it would be _________?

A: Los Angeles Azules


Q: I was introduced to Auben ______.

A: six years ago, I think.


Q: If you weren't investing in real estate you would be_______.

A:  working as an engineer.

 

Q: If you were to start over_______.

A: I will not be afraid, because I know the way that leads where I want to go.


Investor Interview with Jason Wiles

Thursday, January 16, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Jason Wiles, Investor

Q: Who was your first business mentor?  

A: Rich Hinson

 

Q: Who was your first mentor in real estate?  

A:  Don Morant and Justin Anderson

 

Q: What is your favorite book? 

A:  Think and Grow Rich and Richest Man in Babylon


Q: What is the best lesson you have learned in real estate? 

A: Do it right the first time, so you don't have to do it again.


Q: How many properties do you own? 

A: Not enough. 

 

Q: When did you start investing? 

A: Late 2012 - early 2013

 

Q: Why do you Invest?

A: For a better financial future for me and my family, and it is fun..


Q: What is the best advice you have received?  

A:  One house at a time!


Q: Do you have a favorite podcast?  

A:  I don't listen to podcasts. Can't focus on them.


Q: Any hobbies? 

A: Not really, have any suggestions?


Q: What is the best advice you could give someone else? 

A:  Don't be afraid to walk away, and know what you want from each deal.


Q: Is there a place for you where time slows down?  

A:  Oklahoma. It is where my family is and where I grew up. I can only stand to be there for about a week though.


Q: If you were a member of a music group, it would be _________?

A:  with Garth Brooks.


Q: I was introduced to Auben ______.

A: in early 2013. They managed my properties, and I still have all the tenants.


Q: If you weren't investing in real estate you would be_______.

A:  still in the Army.

 

Q: If you were to start over_______.

A: I wouldn't be afraid to ask for money earlier.


What kind of property management services do I need?

Monday, January 13, 2020

Maybe you got into real estate investment strategically. You planned to grow your personal wealth with a property (or multiple properties) that will provide a return on your investment for years to come. Or, perhaps you got into real estate investment on accident. You personally owned a great property that you no longer wanted yourself but also knew would be foolish to let go. 

No matter what kind of investor you are or how you got into the business, chances are you have seen the numerous day-to-day tasks that go into managing a property, whether it’s a simple duplex or a 40-unit building. And, those tasks can certainly be overwhelming and require help from a property management organization. But what kind of property management services do you truly need?

There is not a one-size-fits-all approach to property management. A good property management company assesses the individual needs of the investor and tailors their services to meet those needs. At the very least, management companies will work directly with tenants, saving you time and effort when marketing and leasing your property. They’ll also handle the day to day tasks like collecting rent and maintenance and repair issues.

We all know that time is valuable, which is perhaps the biggest advantage of using a property management service. The peace of mind that comes with having a professional, versed in the latest landlord-tenant laws and who knows your local market is also a huge bonus. 

When deciding what kind of property management services you might need for your investment, it’s important to consider the following: 

  • Do you have multiple properties or units? The investment in a good property management company will cost you far less than the time and stress of managing all of them yourself. 
  • Do you live far from your rental property? Not only will you not have to travel to handle emergencies and issues that arise with your property, a local team will know best how to market your property in that area. 
  • Is your time limited? Even if you may like handling the daily tasks of managing your property, imagine how you could spend that time further growing your investments if you had someone else handling it. You could be spending your daily time looking for your next investment or figuring out renovations for your current. 

Really, the best way to figure out what a property management company can do for you is to have a consultation. Everyone’s investment is unique, and some may benefit from full service while others may prefer leasing only services.

Auben Realty can handle everything from leasing-only services to full service property management. Get in touch with us so that we can discuss ways to help manage your investment. 


Investor Interview with Andrea Wardell

Thursday, December 19, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Andrea Wardell, Real Estate Broker & Investor

Q: Who was your first business mentor?  

A: Tyson Schuetze

 

Q: Who was your first mentor in real estate?  

A:  Elizabeth Berkley. She recruited me, and got me in to real estate at 22 years old. 

 

Q: What is your favorite book? 

A:  I don't read much anymore, but growing up I loved Nancy Drew.


Q: What is the best lesson you have learned in real estate? 

A: If you are hard working and have integrity there is no such thing as one deal. All clients are repeat if the process works. Procrastination and avoiding things do not make them go away. There is always a solution it's a matter of finding it. If you don't answer the phone someone else will.


Q: How many properties do you own? 

A: Three. 

 

Q: When did you start investing? 

A: When I got my real estate sales license in1993.

 

Q: Why do you Invest?

A: It's my business model, therefore I believe in it. To build wealth through real estate and to challenge myself.


Q: What is the best advice you have received?  

A:  Nothing is a crisis.


Q: Do you have a favorite podcast?  

A:  I do not listen to podcasts.


Q: Any hobbies? 

A: Traveling, music, hot pepper-eating, karaoke, Big Buck Hunter, playing cards, and partaking in libations


Q: What is the best advice you could give someone else? 

A:  Tomorrow is a new day.


Q: Is there a place for you where time slows down?  

A:  Nothing slows down.


Q: If you were a member of a music group, it would be _________?

A:  Jim Morrison and the Doors...minus the dead part. As for a musician that is alive, probably Cardi B.


Q: I was introduced to Auben ______.

A: Five years ago in Kansas City, and I've maintained a mentoring relationship where I have grown both personally and professionally since our alliance. Betsey Davis is the most fun "Jam Up," and Tyson Schuetze is a mentor and guru.


Q: If you weren't investing in real estate you would be_______.

A:  in Costa Rica.

 

Q: If you were to start over_______.

A: This all would have been a lot of work. Each year I keep at it, the confidence and success builds. Therefore I wouldn't.


Investor Interview with Bernard Barbour

Friday, December 13, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Bernard Barbour, Investor & World Traveler

Q: Who was your first business mentor?  

A: My first business mentor was my platoon sergeant while stationed at Fort Gordon. I noticed, he’d show up for work--first formation, he’d be gone all day, and then return. When I asked what he was up to, he told me he was selling, buying and fixing houses. It was going to be his full time job when he retired in six months, because he didn’t want to work for anyone. That got the ball rolling for me. I bought my first house from him. He showed me the ropes on fixer uppers, how to build equity, and buying and holding rentals. Not long after, I got my real estate license and we worked many projects.

 

Q: Who was your first mentor in real estate?  

A:  I met Donald Morant as I was buying houses from the court house: HUD homes and VA properties. I found out he was one of my top competitors. We then decided to collaborate and start a real estate investing club--sharing information about leasing, contractors, attorneys, and so forth. Thus, the Augusta Real Estate Investors Association was born. 

 

Q: What is the best lesson you have learned in real estate? 

A: There are infinite ways to make money in real estate: partnerships, owner financing, buy & hold, flipping, etc. Joining a real estate club or starting one was, and has been a blessing for gathering and sharing resources.


Q: How many properties do you own? 

A: Currently one. I prefer traveling at the moment, but that number can go from zero to three any time. I used to own 15 or more at a time, but now I keep it simple. 

 

Q: When did you start investing? 

A: When I got my real estate sales license in1993.

 

Q: Why do you Invest?

A: My old adage is “OPM” (other people’s money.) Real estate investing has put my kids through school, paid my bills and allowed me to build wealth, and live a comfortable lifestyle.


Q: What is the best advice you have received?  

A:  Look at every situation very objectively, but don’t over analyze it. Make a decision and move on it. Seek advice and do it. Real estate is time sensitive.


Q: Do you have a favorite podcast?  

A:  Bigger Pockets.


Q: Any hobbies? 

A: Photography, traveling, fitness, history, flea markets, trade shows, cars, antiques, volunteering, scuba, skydiving, hiking


Q: What is the best advice you could give someone else? 

A:  Don’t go it alone, join a club...or form one!


Q: Is there a place for you where time slows down?  

A:  Minca, Colombia or the Sierra Nevada mountains. I currently volunteer and help out with indigenous communities. It's something I’ve always wanted to do.


Q: If you were a member of a music group, it would be _________?

A:  It would be great to have a family band. My sister and I have been talking about this for years!


Q: I was introduced to Auben ______.

A: Early 2000’s, not sure of the exact year. That was life changing.


Q: If you weren't investing in real estate you would be_______.

A:  traveling the world; exploring different cultures, places, people and things. Or I might have stayed in the military beyond 20 years. As a journalist for the Army, I was privileged to travel and do many interesting things.

 

Q: If you were to start over_______.

A: More multi-family projects would have been in the works--new construction for sure. I would have bought more duplexes, apartment buildings and storage facilities.



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