In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk and guest Scott Harper, a real estate attorney from Bluegrass Land Title, delve deeper into the intricacies of 1031 exchanges. They revisit the fundamental aspects of 1031 exchanges, addressing the process as a tax deferral mechanism for investment properties and not primarily a tax avoidance strategy. Jonathan and Scott explore more technical questions commonly raised by investors, such as combining funds from multiple properties for a single larger purchase, the impact of timelines on the exchange process, and the concept ..read more

Jonathan Klunk interviews Danaus Chang, the co-founder and president of Awning, a technology company specialising in long-term and short-term rental property management. Danaus talks about growing up in an immigrant family that invested in real estate, his own initiations into property investment, and his goals influenced by the FIRE (Financially Independent Retire Early) movement. The conversation covers topics like the significance of setting clear investment goals, understanding passive income, and efficiently managing properties. Danaus demonstrates how Awning.com potentially serves a ..read more

Host of the Real Estate Mentor podcast, Jonathan Klunk, speaks to his very own business coach, Jason Ballard, about time management and productivity within the real estate business. They discuss the importance of setting clear and attainable goals, understanding the value of one's time, prioritising tasks, and blocking out time for different activities. They also touch on how to balance a full-time job with a real estate side hustle, and the need for continuous learning and mentorship in the real estate field. Info: LinkedIn Profile: https://www.linkedin.com/in/jason-ballard-795a0587/ Official ..read more

In this episode of the Real Estate Mentor podcast, host Jonathan Klunk converses with Cora Henderson, partner and attorney at Pitt & Frank, about the rising trend in office conversions.  We discuss the challenges and opportunities in the real estate sector, highlighting the impact of various factors such as COVID-19, generational wealth building, and the influence of technological advancements like AI on the future of real estate. The conversation also explores the potential of converting vacant office buildings into residential or multifamily units due to changing work and office cul ..read more

For Buyers, the home inspection is an important part of the real estate transaction. This is the time when you find out about the overall health of the property you have under contract. Most transactions include this as a contingency of the sale, meaning the house must receive a good bill of health. This is also the point in the transaction when the Buyer can request that the Seller make specific repairs to the house. In this episode, we are honored to have Eric Gentry, owner of Kentucky-based Guardian Inspections, dive into how you can ace your home inspection.   Eric Gentry is a certifi ..read more

Estate planning has to be one of the most complex and foreign topics to most real estate investors. Yet, it is one of the most important as you spend your life generating passive income, building wealth, and taking advantage of tax strategy through 1099 exchanges and cost segregation. You can even have a will- but what happens to your empire once you die? Plus, add in the complications that could present for your heirs.  Jonathan recently met a state planning attorney, Sean Lohman, to discuss the situation with his parents and their property. Sean explained very complex topics, such as wi ..read more

What is the legal way to avoid paying real estate tax when you close out the sale of a property? Join Jonathan in this episode with special guest Scott Harper as he explains how you can avoid paying taxes until a later date with the 1031 exchange. Scott dives into the 1031 exchange at a high level and also brings some interesting color around the short-term rental and vacation rental specifically. If you are an avid short-term rental user and investor, this will be some really valuable information for you. Scott Harper is an attorney and closer with Bluegrass Land Title. Scott and his team wor ..read more

Data. Data. Data. We live in a consumer economy and want access to as much data as we can that will lead us to our next best investment property. AirDNA is a great resource to find out as much information on a property and its location so that you can have massive returns on your investment.    In this episode, Jonathan puts AirDNA to the test where he breaks down actual numbers from Key Source Property investments. You will hear the overall gross revenue from 11 properties compared to the AirDNA projections so that you can see how accurate the projections are. Visit gokeysource.com ..read more

What is cost segregation and how can it be applied to short-term rentals? Let’s find out! Join Jonathan and special guest Boomer Philbrick in this in-depth conversation all about cost segregation. You will hear what cost segregation is, what types of properties qualify, the benefits of cost segregation, when to claim it on your tax returns, and so much more.    Boomer Philbrick is a National Account Executive at Cost Segregation Services, Inc. Boomer’s focus is helping you save money, reduce your tax burden, and grow your real estate empire.    Visit gokeysource.com/costseg ..read more

Welcome to Season 2 of Selling Derby City! This season Jonthan and Justin will discuss a variety of real-estate-related topics that you can put into play immediately. Whether you’re a first-time home buyer, seasoned home buyer, part-time investor, or rehabber - no matter where you are - this podcast is for you! Jonathan and Justin’s goal is to break down complex real estate conversations into bite-size nuggets that are easy to understand.   In this episode, Jonathan and Justin will discuss the benefits of using your short-term rental property as your vacation home, instead of going to a r ..read more