REITD 015: Kelly Brittingham – COO, Property Manager, & Full Time Mom

REI Talk DetroitIn this episode I talk to Kelly Brittingham.

Kelly started her real estate investing business with her Husband Todd in 2009 with their first investment in a single family rental property. Since then she has completed over 40 real estate transactions.

Her investments have included single family rentals, lease options, wholesales, fix & flips, turnkey rental properties and most recently they have focused their business on building new homes.

In the midst of all of this Kelly is a mom to two great kids – Alivia who is 8 years old and Jaxson who will soon turn 3.

Before Kelly was a real estate investor she was a working mom, but she found that her job took significant time away from her kids. Now as a real estate mom, Kelly is able to stay home with her kids focusing on their needs while helping run their well-established real estate business.

Crowdfunding News

As I mentioned in a prior REI News segment, for the last couple of months I’ve been working on a project involving Crowdfunding.

If you’re not familiar with it, Crowdfunding is where you openly solicit investors you don’t know to invest in your business. If you’d looked into this before you know that this used to be highly illegal, and there are several people that you would probably know by name in jail right now for running afoul of the SEC rules regarding general solicitation.

But that has changed. A couple of years ago Congress passed a law allowing general solicitation, or Crowdfunding. But as the federal government is prone to do, the implementation of the law has made it about as difficult and expensive as it was before.

Michigan, however, recently passed its own law on Crowdfunding within the state. It’s much simpler to do. It’s less regulated. And it’s FAR less expensive to implement than the federal law.

So I’ve teamed up with a local securities attorney to put together an educational program on how to implement Crowdfunding in your business.

It will be held on Saturday, September 27 at 9am in Southfield.

If you’ve been looking for a way to take your business to the next level with additional funding, then I highly recommend you attend the seminar. By the time you leave you’ll have all the knowledge you need to get started with your own Crowdfunding campaign.

You can find the details at CrowdfundingEducation.com.

REITD 014: Dave Sullivan – Regular Guy Buy-and-Hold Investor and DIYer

REI Talk DetroitIn this episode I talk to my good friend Dave Sullivan.

Dave is a classic buy-and-hold investor. He characterizes it as “regular guy” investing.

My business is pretty similar to his – and so I agree with his characterization. It’s not sexy – there are no frills. But the cash flow keeps rolling in month after month after month after month.

Dave graduated from Western Michigan University in 1989 with a bachelor’s degree in Finance. He started in the mortgage industry as a loan officer in 1991. Less than one year later started selling credit reports to Mortgage Companies, Banks and Credit Unions.

On September 19, 1997 he started AIR Credit Midwest out of his car.

Over the next two years Air Credit Midwest grew to a multi-million dollar company. In 2000 he was approached by one of the largest Credit Reporting Bureau’s in the nation to purchase AIR Credit Midwest. He sold it and worked for that company as Sales Manager of the Michigan and Ohio market for the next ten years.

During his career in the credit industry he has personally reviewed thousands of credit reports and credit scores.

He started investing in real estate in 2008.

Crowdfunding News

As I mentioned in a prior REI News segment, for the last couple of months I’ve been working on a project involving Crowdfunding.

REITD 013: Todd Brittingham and John Rospierski – New Construction Builders

REI Talk DetroitIn this episode I talk to Todd Brittingham and John Rospierski.

Together they formed a new build construction company about a year ago. John’s background is in homebuilding, and Todd and his wife Kelly are real estate investors here in the metro are. I’m having Kelly on the show in a couple of weeks to talk about their other real estate investing activities.

Oh and Todd also has a day job. Talk about being productive. These guys are just flat out getting it done.

Crowdfunding News

As I mentioned in a prior REI News segment, for the last couple of months I’ve been working on a project involving Crowdfunding.

If you’re not familiar with it, Crowdfunding is where you openly solicit investors you don’t know to invest in your business. If you’d looked into this before you know that this used to be highly illegal, and there are several people that you would probably know by name in jail right now for running afoul of the SEC rules regarding general solicitation.

But that has changed. A couple of years ago Congress passed a law allowing general solicitation, or Crowdfunding. But as the federal government is prone to do, the implementation of the law has made it about as difficult and expensive as it was before.

REITD 012: Brian Borawski – CPA for Real Estate Investors in Metro Detroit

REI Talk DetroitIn this episode I talk to Brian Borawski.

Brian is a CPA who happens to have several real estate investors as clients in this area – including me. I’ve used Brian for several years now, and it’s been great to have a knowledgable person like him available when issues come up like the sale of one of my apartment buildings back in January of 2013.

The great thing about Brian is that he’s versatile. I found him during my search for a CPA who knew real estate investing in depth, but he’s also been very helpful in creating and managing a corporation that I set up for an Information Technology consulting business I started two years ago.

REITD 011: Todd Waller – Real Estate Sales Professional and Technologist

REI Talk DetroitIn this episode I talk to Todd Waller.

Todd is a real estate agent, and in my opinion, he’s the premiere agent in Metro Detroit. He has a tremendously successful business model with phenomenal processes, and he combines that with a laser focus on the needs of his clients. His market focus is the I-275 corridor from Commerce Township to Canton, and then west to Ann Arbor.

His reputation is borne out by his success: until recently his best year as an agent was 2008 – the very bottom of the market – when something like 30% of the agents in the state quit the business.

REI News

NO REI news this week in the podcast. My conversation with Todd went long so we skipped the news and went right into the interview.

REITD 009: Steve Londeau – Full Time Wholesaler and Direct Mailer

REI Talk DetroitIn this episode I talk to Steve Londeau. Steve is currently a full time wholesaler here in metro Detroit. He had a pretty rocky start to his real estate investing career, but he got focused and got busy, and ultimately co-founded and helped grow a profitable short sale and non-performing note business.

He then had to leave that business rather abruptly due to some family issues, and in the process had to reinvent himself and recreate a six figure income in order to support his growing family.

In the process he created a workflow and set of processes that lets him run his business as a one man operation.

I’m copying some of the processes he mentioned, and you should consider it too.

REI News

NO REI news this week in the podcast. My conversation with Steve went long so we skipped the news and went right into the interview.