Furlo Capital Real Estate Podcast

James Furlo

A conversational podcast between James and Jessi Furlo that dives into the intricacies of passive real estate investing. Our mission is to equip people to invest wisely in both property and residents so that, together, we can build wealth and improve housing. read less
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Episodes

SOLID Tenant Screening: The Key to Hassle-Free Investing | Ep 22
Yesterday
SOLID Tenant Screening: The Key to Hassle-Free Investing | Ep 22
(Watch the YouTube video of this episode here) In this episode, we explore the detailed process of tenant screening, emphasizing the importance of early-stage defense in investing. We discuss valuable lessons from our first tenants, and share our 'Solid Screening Method,' an acronym for systematic, objective, lawful, interested, and discerning tenant selection. Learn how our process helps identify responsible tenants, ensuring better property management and investment success. Download The SOLID Screening Method // Timestamps 00:00 Welcome & Personal Update01:25 Transitioning to Tenant Screening Discussion03:17 Learning from Bad Tenants04:41 Introducing the SOLID Screening Method10:41 Criteria and Process for Effective Tenant Screening16:01 Navigating Tenant Qualifications and Alternatives20:43 Comprehensive Tenant Screening and Verification Process25:58 Reflecting on Past Tenant Screening Experiences // Key Lessons Early-stage defense in investing: Avoid getting into tricky situations by focusing on strong initial tenant screening, just like a jujitsu practitioner avoids dangerous holds.Systematic and objective: Follow a systematic and objective tenant screening process to avoid legal issues and ensure fairness.Understand the law: Make sure your screening criteria comply with all federal, state, and local laws, especially anti-discrimination regulations.Be genuinely interested: Show interest in your potential tenants’ stories to understand them better and make more informed decisions.Balance compassion and caution: While it’s important to give applicants the benefit of the doubt, ensure your decisions are based on solid verification.Flexible yet firm: Be willing to make accommodations, like allowing cosigners, if the applicant shows potential despite minor shortcomings. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
1031 Exchange Key Terms and Practical Steps For Normal People | Ep 21
May 15 2024
1031 Exchange Key Terms and Practical Steps For Normal People | Ep 21
(Watch the YouTube video of this episode here) In this episode, we delve into the specifics of 1031 exchanges in real estate investment. This detailed discussion covers the basics of how a 1031 exchange works, its history, and the crucial timelines and rules investors need to adhere to. We explore various scenarios and discuss important concepts like the identification period, exchange period, boot, upleg, and downleg properties. Our conversation also touches on the nuanced tax implications, the role of qualified intermediaries, and the types of properties that qualify for a 1031 exchange. It’s a lot, but it’s all good to know. // Timestamps 00:00 Welcome01:16 An Introduction to 1031 Exchanges05:47 The Evolution of 1031 Exchanges: From Simultaneous to Delayed11:23 Eligibility and Requirements for 1031 Exchanges20:32 Exploring Depreciation, Capital Gains, and Tax Implications25:31 Navigating Complex 1031 Exchange Strategies31:23 Investing Wisdom and Closing Thoughts // Key Lessons Know your deadlines: For a successful 1031 exchange, remember you have 45 days to identify potential properties and 180 days to close on one. Missing these deadlines can cost you.Use an intermediary: Using a qualified intermediary ensures your 1031 exchange stays compliant. This neutral third party holds the proceeds and manages the transaction.Consistency is key in ownership: The same taxpayer who sells the property must be the one to acquire the new one. This rule applies to personal names, LLCs, or living trusts.Upleg, downleg, and boot—decode the jargon: Upleg refers to the new property, downleg is the old one, and any cash difference in value (boot) will be taxed.Plan for contingencies: Identify multiple properties to avoid losing out if your first choice falls through. The more prepared you are, the smoother the process.Diverse property options: You can exchange one property for many, many for one, or many for many, as long as the total value aligns with IRS rules.It’s only investment properties: Personal residences and vacation homes don't qualify for a 1031 exchange unless they are converted into investment properties first.It's all about intent: Ensure your property is held for investment purposes for at least one to two years to demonstrate intent and avoid tax issues.Consider the long game: Keep deferring gains until you pass away. When you do, your heirs get a step-up in basis, potentially eliminating deferred taxes. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
The Depreciation Dilemma: Advanced Real Estate Tax Strategies | Ep 20
May 8 2024
The Depreciation Dilemma: Advanced Real Estate Tax Strategies | Ep 20
(Watch the YouTube video of this episode here) In this episode, we delve into the complexities of real estate investment, focusing on taxes, depreciation, and the strategy of 1031 exchanges. James shares a personal experience about considering selling a property and the tax implications involved, explaining the benefits of 1031 exchanges, how depreciation factors into taxes, and strategies to minimize tax liabilities. The discussion includes technical explanations of capital gains tax vs. ordinary income tax rates and how depreciation recapture works. // Timestamps 00:00 Welcome 01:08 Diving Into Taxes and Real Estate Investments 11:06 Strategic Tax Planning with Real Estate Transactions // Key Lessons Understand the game behind depreciation: When selling properties, always account for the potential tax implications of depreciation recapture, as it might impact your financial outcomes more significantly than anticipated.Plan for depreciation's payback: The tax breaks from depreciation today lead to recapture at sale, impacting your profits. Factor this into your exit strategy as a financial reconciliation, not a penalty.Prioritize your tax strategy: When selling a property, depreciation recapture taxes are applied first to the portion of your profit equivalent to the depreciation claimed. This is taxed at a higher rate than most long-term capital gains.Choose a CPA who knows real estate: Partner with a CPA who specializes in real estate to navigate complex scenarios like depreciation recapture. Their expertise isn't just a service; it's a strategic asset that can save you substantial money in taxes. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Eviction Notice: It’s Both Easier and Harder Than You Think | Ep 19
May 1 2024
Eviction Notice: It’s Both Easier and Harder Than You Think | Ep 19
Watch the YouTube video of this episode here) In this episode, we delve into the challenging aspects of being landlords, including evicting a non-paying tenant. James shares his journey to the courthouse to file for eviction, emphasizing the importance of the eviction process, tenant communication, and how such situations are handled legally. This episode encapsulates the realities of real estate investment, the landlord-tenant relationship, and offers insights into dealing with non-paying tenants while highlighting our personal experiences and strategies for managing rental properties. // Timestamps 00:00 Welcome02:33 The Realities of Being a Landlord: Eviction Stories09:23 Navigating Tenant Issues and Eviction Processes13:26 A Look Back: First Eviction Experience16:59 The Eviction Process: A Detailed Walkthrough20:17 Reflections and Future Steps for a Landlord // Key Lessons Keep your cool even under legal heat: Eviction proceedings can be a mix of emotion and procedural rigor. By staying composed and ensuring all legal boxes are checked, you stand a better chance of prevailing without unnecessary drama.Patience is more than a virtue; it's a strategy: Even when the process drags on, understanding the full extent of eviction procedures can help you manage expectations and prepare for each phase effectively. Knowing that initial hearings might not resolve the issue can save you from premature celebration or despair.The paperwork is mightier than the sword: Always double-check that your notices include all occupants to avoid legal loopholes that could delay proceedings. A simple oversight in eviction documents can turn a quick resolution into a prolonged battle.Preparation meets opportunity... in court: Showing up prepared with evidence and proper documentation is half the battle. Ensure you can prove claims like continued tenancy to avoid reliance on a no-show victory, which might not always be granted.Safety first, even if it means stepping back: In volatile situations, assess the safety risks before proceeding with confrontational actions like evictions or property repairs. Sometimes, the wisest course of action is to delay repairs until the environment is secure.Communication can defuse escalation: Before reaching the point of eviction, open lines of communication can often lead to agreements that avoid the legal route altogether. Being proactive in discussions can save both time and emotional energy for everyone involved. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Investment Spotlight: Our Second Duplex | Ep 18
Apr 24 2024
Investment Spotlight: Our Second Duplex | Ep 18
(Watch the YouTube video of this episode here) In this episode of the Furlo Capital Real Estate Podcast, we share their journey into passive real estate investing, focusing on our second property purchase, a duplex. We delve into the concept of 'wake up money' taught in a class by our agent and friend Lee, which inspired us to use a Roth IRA for a down payment. The discussion also covers our approach to investment analysis and the concept of 'gyroscopic cash flow,' emphasizing the blend of initial effort and ongoing, minimal management to keep the cash flow steady. // Timestamps 00:00 Welcome to Our Real Estate Journey00:56 Our Second Real Estate Purchase01:27 The Wake Up Money Concept03:53 The Search for Our Second Duplex04:25 Investment Criteria and Decision Making07:24 Managing the Duplex: Tenant Stories and Maintenance12:36 Gyroscopic Cashflow: A New Investment Philosophy16:38 Reflecting on the Investment's Success and Future Phases // Key Lessons Turn a mistake into a peace sign: When James and Jessi misinterpreted their son's gesture, it led to a funny family insight. Similarly, misinterpretations in business or personal interactions can often be clarified or turned into positive learning moments. Don't be afraid to ask for clarification to avoid misunderstandings.Wake up to passive income opportunities: James and Jessi were inspired by the concept of 'wake up money' from an educational real estate class, illustrating the importance of continuing education and staying open to new ideas. Always look for educational opportunities that might redefine your financial strategies.Don't just calculate, recalibrate: Before investing in a property, recalibrate your criteria list to ensure it meets your financial expectations. Jessi's steadfast rule for cash flow positivity from day one is a golden nugget for ensuring investments start paying off immediately.Keep the cash flow gyroscopic: Think of your investment cash flow like a spinning plate—keep it balanced with occasional checks and interventions. This 'gyroscopic cash flow' model can help maintain a healthy balance between effort and earnings.Outsource to maximize output: If lawn care isn’t your forte, hiring out cannot only save you time but also spruce up the property beyond amateur attempts. James and Jessi found that professional services could add that extra edge, proving sometimes the grass is greener on the other side! // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Robert Kiyosaki Has 5 Levels of Investing. Which Level Are You? | Ep 17
Apr 17 2024
Robert Kiyosaki Has 5 Levels of Investing. Which Level Are You? | Ep 17
(Watch the YouTube video of this episode HERE) In this episode of the Furlo Capital Real Estate Podcast, we explore the five levels of investing outlined in Robert Kiyosaki’s book Cashflow Quadrant. We discuss how each level impacts wealth accumulation, the impact of actively managing investments, and highlight the substantial impact of financial education. // Timestamps 00:00 Kicking Off with a Light-hearted Intro01:50 Exploring Robert Kiyosaki's Five Levels of Investing04:20 Level 1 & 2: From Zero Financial Intelligence to Savers as Losers07:55 Level 3: The 'I'm Too Busy' Investor15:01 Level 4: The DIY Investor18:11 Level 5: The Capitalist Level20:16 Reflecting on Personal Financial Journeys // Key Lessons Get started today: Understand that investing is not just for the affluent; it can start with you, regardless of your current financial situation.Risk comes with potential reward: Embrace calculated investment risks to enable substantial wealth accumulation. This mindset shift is crucial for moving from passive saving to active investing​​.Never stop learning: The most successful investors continually educate themselves about financial markets, strategies, and opportunities. Regularly seek knowledge to enhance your financial intelligence.Diversify, but be informed: While it's wise to diversify your investments, ensure you have a solid understanding of where your money is going. Blindly trusting others with your investments without understanding the basics can be detrimental.Active involvement leads to better outcomes: Taking an active role in your investments, rather than just setting and forgetting, can lead to more substantial growth and learning from both successes and failures.Seek synergy in investments: Look for opportunities to add value, whether through direct involvement or strategic partnerships. This 'wedge' can significantly increase your investment's worth over time​​.Passivity has its place but comes with trade-offs: Understand that while passive investments like 401(k)s or mutual funds can offer moderate growth, they may not provide the learning or larger returns that come with more active involvement​​.Leverage experts and partnerships wisely: Collaborating with experts and leveraging partnerships can amplify your investment potential. However, choose partners who align with your investment philosophy and goals.Understand the impact of taxes on investments: Be aware of how different investments are taxed. This understanding can significantly affect the net return on your investments and influence your strategy.Investing is a commitment to your future self: Recognize that investing isn't just about making money; it's about securing your future. Make decisions that will benefit you in the long term, not just for immediate gain​​. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
An 18-Unit Investment Opportunity on the Oregon Coast | Ep 16
Apr 10 2024
An 18-Unit Investment Opportunity on the Oregon Coast | Ep 16
(Watch the YouTube video of this episode HERE) In this episode, we examine a potential real estate investment opportunity: an 18-unit property owned by a nonprofit. We discuss the financials, challenges, and a creative financing solution to make the deal work. We also examine various aspects of the deal, such as rent subsidies, seller financing, and operational expenses. // Timestamps 00:00 Welcome03:29 Diving Into a New Multifamily Syndication Opportunity05:12 Exploring the Potential of a Unique Property09:25 Creative Financing Solutions for a Challenging Market16:38 Navigating Rent Increases and Tenant Management in Oregon19:26 Investor Considerations and Return Expectations26:39 Creative Financing and Seller Financing Strategy // Key Lessons The nonprofit's dilemma is an investor's lesson: When a nonprofit struggles with a property that doesn’t fit its mission, it reminds investors that every investment should align with their goals. If a property doesn't contribute to your portfolio's mission, reconsider its place​​.Creative financing is the spice of real estate life: Zero-interest financing from a seller might seem as rare as a unicorn, but it's all about negotiation and understanding needs. Be the investor who finds unicorns​​.When raising rents, remember it's a marathon, not a sprint: The path to increased rents and property value is a marathon filled with regulatory hurdles. Pace yourself, plan for the long run, and remember—it's about gradual growth, not a quick dash​​.Board decisions are not just about the boardroom: When a property sale involves a board, it's a reminder that behind every investment, there are people and processes. Understanding their perspectives can unlock doors to opportunities​​.In real estate, sometimes you must pay full price to uncover hidden gems: Paying the asking price based on future value is like investing in a map that leads to hidden treasure. Sometimes, the full price is just the entry ticket to a wealth of opportunity​​. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Key Questions To Ask About A Property Manager | Ep 15
Apr 3 2024
Key Questions To Ask About A Property Manager | Ep 15
(Watch the YouTube video of this episode HERE) In this episode, we dive into the significance of property management in real estate investing. We emphasize the necessity of asking the right questions when evaluating a property manager, which is crucial for both direct investors and those considering passive investment opportunities. We draw from a comprehensive list of 196 questions and focus on 11 key questions about property management. These questions aim to assess the manager's credibility, track record, and ability to enhance property performance. James shares personal experiences and insights on working with property managers, using management tools, and the impact of these factors on investment outcomes. Questions to ask the sponsor: https://furlo.com/podcasts/6-getting-to-know-your-sponsor-key-questions-for-real-estate-investors // Timestamps 00:00 Welcome to the Furlo Capital Real Estate Podcast 01:51 Focusing on Property Managers: Key Questions for Investors 03:25 Exploring the Sponsor-Property Manager Relationship 10:52 The Importance of Trust and Track Record in Property Management 16:30 Navigating Property Management Software and Reporting 20:02 Wrapping Up: Trust, Relationships, and Effective Management // Key Lessons Set Clear Communication Expectations: Establish a regular communication schedule with your property manager. Define the preferred channels (email, phone calls, in-person meetings) and frequency of updates regarding property status, tenant issues, and maintenance needs. Define and Agree on Goals: Clearly outline your short-term and long-term goals for the property. Ensure that your property manager understands these objectives and is committed to achieving them. This could include specific occupancy rates, income targets, or maintenance standards. Implement a Reporting System: Request regular, detailed reports on property performance, including financial statements, occupancy rates, and any tenant-related issues. This transparency will help you monitor progress and make informed decisions. Regularly Review Property Management Performance: Schedule periodic reviews of your property manager's performance. Discuss what is working well and areas for improvement. This is also an opportunity to adjust strategies and goals as needed. Leverage Their Expertise for Market Insights: Use your property manager's knowledge of the local market to gain insights into trends, potential investment opportunities, and strategies for maximizing your property's value. Build a Partnership Approach: Treat your relationship with your property manager as a partnership. Mutual respect and collaboration will lead to better outcomes for your property. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
A Case Study on Helping a Homeowner Avoid Foreclosure | Ep 14
Mar 27 2024
A Case Study on Helping a Homeowner Avoid Foreclosure | Ep 14
(Watch the YouTube video of this episode HERE) We discuss a recent real estate investment opportunity involving a single-family home. The current owner faces financial difficulties and pre-foreclosure, owing a significant amount to the bank. We delve into the complexities of dealing with multiple loans, the negotiation process with the homeowner, and the plan to help the homeowner avoid foreclosure by purchasing the property. We also discuss the property’s renovation needs, such as a new roof and repairs from pet damage. Beyond the technical aspects of the deal, we explore the moral and ethical considerations of real estate investing, particularly in situations where homeowners are in distress. Finally, Jessi provides feedback on a one-page investment summary created by James, suggesting improvements to better communicate the investment opportunity to potential investors. The conversation highlights the importance of transparency, compassion, and thorough planning in real estate investment deals. // Timestamps 00:00 Welcome to Furlo Capital00:42 Navigating Financial Troubles and Foreclosure02:04 The Challenges of Helping a Homeowner in Distress03:19 Crafting a Fresh Start: Negotiating a Win-Win Solution06:52 Feedback Session: Enhancing the Investment Proposal14:59 Exploring Investment Opportunities and Returns // Key Points Emphasize Compassion in Investments: Always look for opportunities where your investment cannot only yield a good return but also positively impact the lives of others. When considering a property, consider how to help those involved, such as helping a family avoid foreclosure, as part of your investment strategy. Enhance Investor Communication: Focus on transparency and detail to improve how you present investment opportunities. Use clear, detailed plans to explain your investment approach and the potential impact of the deal. This builds trust and helps potential investors understand the value and integrity behind each opportunity. Navigate Property Flipping Challenges with Creativity: When dealing with challenging properties, especially those in poor condition or involved in financial difficulties, develop innovative solutions that ensure both rehabilitation success and ethical treatment of the current owners. Creativity in problem-solving can lead to successful flips and ethical outcomes. Leverage Digital Tools for Marketing: Utilize digital platforms to market your real estate investments more effectively. Creating dedicated web pages for your properties can provide comprehensive details and attract investors who prefer to engage with investment opportunities at their own pace, broadening your potential investor base. Balance Profit and Assistance: In all your real estate dealings, especially those involving distressed properties or owners facing foreclosure, strive to maintain a balance between earning a profit and offering genuine assistance. This ethical approach not only aids those in need but also contributes to a positive reputation and long-term success in the real estate industry. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Let’s Talk About a Roller Rink Project | Ep 13
Mar 20 2024
Let’s Talk About a Roller Rink Project | Ep 13
(Watch the YouTube video of this episode HERE) In this episode, we delve into an intriguing real estate investment opportunity – a former roller rink. Located just north of Corvallis, OR, and boasting a substantial 12,800 square feet of space across two floors, this property sits on 1.3 acres along Highway 99. Despite its current dilapidated state, we’re excited by the potential for creative transformation. We explore various future uses for the site, from reviving it as a roller rink and transforming it into a gym or maker space, to more unique ideas like a wedding venue. The discussion also touches on the broader aspects of real estate investment, including the limitations of residential properties and the advantages of commercial and mixed-use properties for generating income and adding value. // Timestamps 00:00 Welcome to the Furlo Capital Real Estate Podcast! 00:58 Exploring the Potential of an Abandoned Roller Rink 06:11 Brainstorming Creative Uses for the Roller Rink 12:20 Diving Into Real Estate Investment Strategies // Key Points Brainstorming Potential Uses: The conversation explores a wide array of potential uses for the property, from maintaining its original purpose to transforming it into a maker space, gym, or even a wedding venue, showcasing the diverse possibilities that real estate offers.Challenges and Considerations: They address challenges such as contacting the selling agent and considerations like the property's lack of insulation, showcasing the realistic aspects of dealing with real estate investments​​.Reflective and Forward-Thinking Approach: James reflects on the limitations and opportunities of real estate investments compared to other business ventures, hinting at strategic thinking and planning for future investments​​. // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimer Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
3 Powerful Seth Godin Principles For Shaping Your Investor Mindset | Ep 12
Mar 13 2024
3 Powerful Seth Godin Principles For Shaping Your Investor Mindset | Ep 12
In this episode, we start out by sharing a fun shower repair story. We also discuss three distinct quotes by Seth Godin. The first quote is about cost versus price, highlighting how cost holds more weight as it combines both initial investments and ongoing maintenance. Another quote we explore is about stretching boundaries to grow and become resilient. The episode ends with a discussion on freedom, fairness, and equality in the investment world. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Demystifying Real Estate Syndications: Exploring the Significance of Minimum Investments | Ep 11
Mar 6 2024
Demystifying Real Estate Syndications: Exploring the Significance of Minimum Investments | Ep 11
In this episode, we discuss the concept of minimum investments and why they are set at certain amounts. We offer detailed explanations about the concept of accredited and non-accredited investors as defined by the Security and Exchange Commission (SEC), and discuss the qualifications that need to be met to become an accredited investor. The discussion also touches upon the importance of understanding one's personal financial status, the responsibility of an investor, and how it impacts the decision to invest. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
10 Hacks to Better Your Real Estate Investing Skills | Ep 10
Feb 28 2024
10 Hacks to Better Your Real Estate Investing Skills | Ep 10
It’s episode 10! To celebrate, we share our top 10 hacks for effective and efficient real estate investing. These are highly specific tricks of the trade we’ve learned over the years. You’re not going to read about any of these in a typical “invest in real estate” blog post or video. For example, we talk about yard signs, master key systems, and the implications of following the 1% rule. This 10th episode is good! https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
9+1 Key Lessons For Real Estate Investing Success | Ep 9
Feb 21 2024
9+1 Key Lessons For Real Estate Investing Success | Ep 9
We share their real-life experiences and top 10 lessons learned from investing in real estate, including tips like treating tenants well, understanding legalities, being prepared for repairs and turnovers, and maintaining financial reserves. We emphasize the need for emotional resilience and patience, as real estate investing is a long-term game. We also briefly touch upon the challenges and setbacks we faced while managing our properties and the importance of understanding local trends and changes in real estate. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Looking at a Mom and Pop Motel Inn - Part 2 | Ep 8
Feb 14 2024
Looking at a Mom and Pop Motel Inn - Part 2 | Ep 8
This is episode part 2 of 2. We keep delving into the world of real estate by talking about a second motel purchase. This one is next to a river and in a quaint cottage area.  We discuss in detail the pros, cons, and quirks of this property. We also examine the importance of valuations and look into possible strategies for successful remote management. By sharing our experience, we hope to offer valuable insights into the sometimes complex process of property investing. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Exploring the World of Motels and Inns - Part 1 | Ep 7
Feb 7 2024
Exploring the World of Motels and Inns - Part 1 | Ep 7
This is episode part 1 of 2, where we unravel the complex world of real estate investing. We talk about our day fixing property damages, working with tenants, and facing challenges along the way. We also cover the hardship of investing in a condemned motel and converting it into residential units. Listen along as we explore evaluating distressed properties and transforming them into profitable investments, and potential synergies with developers for future projects. Join us next week as we talk about another motel. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Getting to Know Your Sponsor: Key Questions for Real Estate Investors
Jan 31 2024
Getting to Know Your Sponsor: Key Questions for Real Estate Investors
In this episode of the Furlo Capital Real Estate Podcast, James and his wife Jessi talk about steps to evaluate a real estate investment opportunity with a specific focus on the deal sponsor. They discuss the importance of having a list of questions to help passive real estate investors identify a good deal. They also share their experience with a particular investment and touch upon trustworthiness, communication, and investment strategies. They underscore the significance of having a thorough understanding of a prospective property sponsor's track record, business ethics, and communication style before committing to a long-term business relationship. 00:00 Introduction to the Furlo Capital Real Estate Podcast 03:05 The Importance of Trust in Real Estate Investing 09:13 Understanding the Sponsor's Acquisition Profile 12:36 The Importance of a Sponsor's Track Record 14:55 Learning from Past Mistakes in Real Estate Investing 16:28 Understanding the Risks and Potential of Investments 17:22 The Importance of Communication in Investments 19:43 The Role of References in Investment Decisions 24:27 The Importance of Sponsor's Involvement in the Industry 25:40 Evaluating the Sponsor's Track Record and Trustworthiness 31:18 The Importance of Sponsor's Transparency and Responsiveness https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
The Value of Daily Progress and Building Assets
Jan 24 2024
The Value of Daily Progress and Building Assets
James and Jessi discuss the importance of everyday investments in assets. Tying their personal experiences of the day with deeper thoughts about asset accumulation, they explore strategies to make your assets work harder for you, whether that's through physical improvements or scrutinizing your portfolio. They also discuss an inspirational quote from Seth Godin about creating something valuable every day. This episode emphasizes the idea of consistent efforts and how even small, daily tasks can build up and lead to significant returns in the long run. Tune in for some great insights on balancing time, investment, and value creation. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
The Offer: Selling 1.5 Acres of Land
Jan 18 2024
The Offer: Selling 1.5 Acres of Land
The main focus of our conversation revolves around a piece of land we purchased, which we picked up with some warehouses. We discuss potential strategies involving this asset, such as potentially leasing, selling or undertaking a project on the land. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Columbus: The Journey Begins (Plus All The Numbers)
Jan 10 2024
Columbus: The Journey Begins (Plus All The Numbers)
We dive into their very first real estate investment purchase. We describe the property and its specifications. We discuss the ups and downs they faced from purchasing to selling, such as dealing with problem tenants, going through the eviction process, and undergoing a property renovation. We also reveal lessons learned on tenant screening, budget management, and property value increase. Toward the end, we share the financial metrics of our investment, demonstrating how this experience shaped our future real estate investment strategies. https://furlo.com/ // Let's build your wealth and improve housing, together. I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing. Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/ // Disclaimers Any information or advice available on this channel is intended for educational and general guidance only. I, James Furlo, and Furlo Capital LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this channel. Also, this content should not be construed as an offer to buy or sell any shares or securities, make or consider any specific investments, or take any other action.  Consult a financial advisor or other wealth management professional before you make investments of any kind. Although I take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ I make no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Finally, the comments are from members of the public and do not necessarily reflect my views. --- Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message