Think-Realty-Magazine-May-June-2016

Think-Realty-Magazine-May-June-2016

SUCCEEDING AT SINGLE-FAMILY—AND BEYOND

INSIDE

MAY/JUNE 2016

Calculated Expansion

INVESTOR NETWORK GROWING BY DESIGN

REGIONAL SPOTLIGHT OKLAHOMA CITY OUTLOOK SUNNY, WITH SLICK SPOTS TRENDS FOREIGN INVESTMENT IN U.S. IS SURGING

PAGE 18

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TABLE OF CONTENTS

INSIDE THIS ISSUE

THE BIG PICTURE 12  The Most Important Lesson

How to separate the ‘real deal’ educators from real estate investing gurus and scammers. by Eddie Wilson 26  Comings & Goings Choosing the right entry and exit strategies will help ensure a positive outcome for your fix-and- flip deals. by Tarek El Moussa 28  The Beauty of Buy & Hold Did you know you have five profit centers in each of your rental properties when you keep them for the long-term? by Matt Bowles 34  Finding the Bull's-Eye There’s a method to determining where to buy single-family houses for investment. by Rob Caldwell Hilda Lunderstedt, Wealth Migrate CEO for Global Operations, has a passion for real estate and for educating investors, particularly women. by Linda Wienandt 94  The Weekend Investor With so many challenges and opportunities, where does the beginning or part-time real estate investor start? by Kevin Guz 100  Best of Two Worlds How one investor enjoyed five years of water- front living as the owner-occupant in a mis- marketed duplex, updated and converted it to single-family and then made a tidy profit. by Larry Arth UP CLOSE & PERSONAL 92  Crowdfunding Crusader

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ON THE COVER EXPANDING NETWORK

14

106

THE BIG PICTURE

REGIONAL SPOTLIGHT

MORE FOREIGNERS INVESTING IN U.S. Chinese investors pass Canadians in real estate buys.

THINGS ARE OK IN OKC Despite clouds on the horizon, investors are still rolling.

4 | think realty magazine | may :: june 2016

NUTS & BOLTS 120  What's it Going to Cost?

It’s important to understand the numbers involved in maintaining a rental property when evaluating whether to make that deal. by Carter Froelich, CPA 122  For the Record Using a scope of work—especially a detailed one— can prevent misinterpretation and save big money. by John and Corinne Tesh 124  Shifting into Reverse A Reverse 1031 Exchange requires financial strength, no matter which route you choose. by Steven Hickox 128 Networking for Success Take care to ensure there are no weak links in your chain of connections. by Jessica Conflitti BYTHE NUMBERS 130  A Flip of the Numbers After a four-year slide, home flipping was up in 2015, RealtyTrac year-end report shows. by RealtyTrac 134  Local Market Monitor Today’s best rental investment markets may not be sexy, but they’re profitable. by Ingo Winzer

Founders BRANDON THOMPSON and WILL HARDY have found a formula for successful growth of their company, Investor Network, and they freely share it.

by Susan Thomas Springer :: photos by Tim Glover

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132

NUTS & BOLTS

BY THE NUMBERS

INSIDE 51 Investor Review A Guide to Real Estate Investing With Your Self-Directed IRA, with commentary by experts in the industry.

IS THERE A TREND AFOOT Boomers seeking rentals in walkable areas.

BALANCING ACT

Weigh the pros and cons involved in crowdfunding.

thinkrealty . com / mag | 5

PUBLISHER R. Michael Wrenn

PRESIDENT, AFFINITY ENTERPRISE GROUP Eddie Wilson | [email protected]

EDITOR-IN-CHIEF Linda Wienandt [email protected]

VICE PRESIDENT OF MEDIA SALES Robert Rakowski [email protected] 913-599-2020 NATIONAL SALES COORDINATOR Jackie Grawe [email protected] | 816-448-5587

SENIOR STAFF WRITER James Hart

DESIGN CONSULTANTS Rivet Creative | www.WeAreRivet.com

GRAPHIC DESIGNER Emily Bowers

PRODUCTION & TRAFFIC MANAGER Carolyn Addington

CONTRIBUTING WRITERS Larry Arth, Teresa Bitler, Matt Bowles, Rob Caldwell, Tyler Carter, Jessica Conflitti, Mike D’Arrigo, Chris Edwards, Kelly Edwards, Carole J. Ellis, Tarek El Moussa, Dawn Erling, Lawrence Fassler, Carter Froelich, Zach Fuller, Abhi Golhar, John Gutman, Kevin Guz, Steven Hickox, Jeff Kottmeier, Leon McKenzie, Kevin Ortner, RJ Palano, Scott Sklare, Robert Springer, Susan Thomas Springer, BreAnn Stephenson, Corinne Tesh, John Tesh, Paul Wassgren, Brice Willis, Ingo Winzer FOUNDING PUBLISHER, PERSONAL REAL ESTATE INVESTOR MAGAZINE Andrew Waite FOR ARTICLE REPRINTS :: Contact Jeremy Ellis at Reprint Pros, 949-702-5390. www.reprintpros.com. SUBSCRIPTIONS :: The annual subscription for Think Realty Magazine is $28.95 for six issues in the U.S. Order online at www. ThinkRealty.com or call 816-398-4130. Provide your full name, address and telephone number. DISCLAIMER :: Think Realty Magazine , its owners, contractors, distributors and their respective representatives do not provide tax, accounting, investment or legal advice and make no guarantee as to the effectiveness or success of any investment or tax strategies discussed herein. Please consult your own independent adviser as to any questions you have or decision you are contemplating. ABOUT THIS MAGAZINE :: ThinkRealtyMagazine isapublicationof AffinityRealEstateMediaLLC.Reproductionoruseofanyeditorial orgraphic,withoutpermission, isprohibited.Wearenotresponsible for thecontentofanypaidadvertisements.Forreprintrights; toob- tainadetailedstatementofourprivacypolicy;and forallsingle-copy requests,addresschangesandothersubscription inquiries: COVER PHOTOGRAPHY Tim Glover

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