Apartment Building Investing with Michael Blank Podcast

Perhaps you are hesitant to invest in real estate at the moment because of predictions of an imminent crash. But when is the ‘right time’ to invest? What if I told you that it is always a good time to invest, as long as you make intelligent choices?

Jason Hartman is the president of Platinum Properties Investor Network, a firm specializing in financial planning for real estate investors, and Hartman Media, a production company through which he hosts 20 podcasts that address business, investments and living well. A self-made multimillionaire and serial entrepreneur, Jason has founded 21 companies and initiated several thousand real estate transactions.

Jason obtained his real estate license his freshman year of college and worked part-time for Century 21, learning about the investment side of the industry and developing his own portfolio. He eventually came to purchase and expand his own traditional real estate firm, and negotiated its sale to Coldwell Banker. In anticipation of that check, Jason sought investment advice from Wall Street – and uncovered a need for a financial planning firm-specific to real estate investors. So he created it himself! He is passionate about educating and assisting investors in acquiring pragmatic investments nationwide. Today Jason explains why the media characterization of ‘housing’ is an oversimplification and outlines the different types of markets. Listen and learn how diversification can offer a solid ROI despite market volatility.

Key Takeaways

[4:12] The volatile nature of cyclical real estate markets

  • Receive most attention, media coverage
  • Located in coastal and trophy cities
  • Can make or lose a fortune

[6:00] Jason’s take on Wall Street financial planners

  • Little creativity
  • Don’t use the product themselves
  • Best sales force (easy to invest)
  • Worst product

[6:53] What Jason learned in researching different real estate markets around the US

  • Three types of markets – linear, cyclical and hybrid
  • Invest in more than one market for a solid ROI

[8:56] Why Jason founded a financial planning firm for real estate investors

  • Real estate has the best product, but worst sales force
  • He created the business to be his own customer

[11:22] The misleading nature of media coverage of ‘real estate’ or ‘housing’

  • Cannot lump all markets into a single category
  • Differentiate by product type, price and market (linear, cyclical, hybrid)
  • 400 different markets in the US
  • Case-Shiller Index only profiles 20 metro areas, 15 of which are cyclical

 [12:54] The differences among linear, cyclical and hybrid markets

  • Linear markets grow slowly over time
  • Cyclical markets are like a roller coaster
  • Hybrid markets fall somewhere in between

[16:04] Jason’s advice to investors with much equity who live in cyclical markets

  • Use available tools and technology to invest outside your immediate area
  • Diversify geographically (three to five different cities)
  • Deploy equity in linear markets that generate a good yield

[18:30] Why Jason cautions investors against cheap properties

  • 12% of Americans unbanked
  • Difficult to collect rent from C and D class tenants

Connect with Jason

jasonhartman.com

Creating Wealth Podcast

Resources Mentioned

Marcus & Millichap Multifamily Investment Forecast

IRR Viewpoint Report

Milken Best Performing Cities Report

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building


You can lead a horse to water, but you can’t make him drink. Or can you?

You likely know exactly what you need to do to succeed in the world of apartment building investment, but perhaps you aren’t making forward progress toward your aspirations. Today’s guest explores the psychology of what holds us back and offers actionable techniques to help you take control of your life!  Rob Dial is a performance coach and speaker who has inspired tens of thousands of people – from college students to NFL superstars – to develop a clear purpose and then establish the habits that lead to success. He believes that leaders are not born, but groomed, and he is committed to teaching others how to become the best version of themselves.

Rob’s forte is understanding the human brain and how to hack it to get past the fears and limiting beliefs that are holding you back. Through his work with MWFMotivation, he seeks to help you dig deep and discover what you were put on earth to do. Today he describes the design of the human brain and explains how to employ that understanding to get clear on the ‘pain’ you are running from as well as the ‘pleasure’ you are working toward. Get ready to be inspired as Rob coaches you to shift your mindset and truly show up in the world.

Key Takeaways

[6:38] Rob’s spin on the ‘lead a horse to water’ analogy

[9:10] How our brains work

  • Problem-solving mechanism
  • Designed to keep us alive
  • Move us toward pleasure and away from pain

[10:07] Why people don’t take action – despite knowing what they need to do

[10:27] How to shift your focus to the ‘why’ behind your goal

  • Identify the worst case if you stay the same/don’t hit your target
  • Dig deep (beyond the surface level answers)
  • Ask, “What’s more painful?”

[16:34] How to motivate yourself to take massive action (when life is not that bad)

  • Link where you are now to massive pain
  • View your current situation as unacceptable

 [18:48] Why you must dig deeper than money as a source of motivation

  • Reflect on the true pain point, i.e.: control of your time
  • Peel back the layers by asking, “Why is that important?”

[20:10] How a focus on the ‘pleasure’ you are moving toward keeps you driven

  • Picture the benefits of reaching your goals
  • Doing the difficult things (e.g.: cold calls) gets easier

[25:18] How to identify and explore your personal ‘pleasure’ and ‘pain’

  • Journaling provides clarity
  • What do I want?
  • What am I afraid of?
  • Keep asking ‘why’ to get beneath the surface

[30:43] Why Rob invested in a coach at age 20, despite the expense

  • Explore strategy and mindset
  • ‘I mattered more than the money’
  • Took income from $17,000 to $177,000/year in two years

[37:25] Rob’s best advice to motivate action

  • ‘Don’t play like you get a second at bat’

Connect with Rob

 mwfmotivation.com

MWF Motivation Podcast

MWF Motivation on Facebook

Resources Mentioned

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building

 


What goes up must come down, and a number of experts predict an economic recession in the not-so-distant future. What are the current economic trends you need to understand? What would a recession mean for the real estate market? And how can y ou protect yourself from a potential crash?

I recently returned from the Real Estate Guys 15th Annual Summit at Sea, where I had the opportunity to meet several big players in the real estate industry and experience three key ‘aha moments’ surrounding the power of networking, the unsustainable economic trends initiated by our political system, and the spiritual aspect of being an investor.

The Summit at Sea was life-altering for me, and I am eager to share my new insight. Listen in as I examine the current economic landscape and how existing trends may affect the real estate industry down the road. Learn what steps you can take to not only survive a would-be crash, but thrive and prosper despite it.

Key Takeaways

[1:56] The value of networking via conferences, etc.

  • We tend to limit ourselves as we reach outside our comfort zone
  • You are only one relationship away from making it to the next level (e.g.: Michael Becker’s meteoric ascension from zero to 1,000 units in 12 months)

[3:55] The significance of understanding the political landscape

[4:50] Unsustainable global trends

  • Exponential population growth
  • Debt
  • Oil use
  • Deforestation

[5:07] The fallout from the Federal Reserve bailout in 2008

  • Printed trillions in response to the recession
  • Debt now at $20T, $30T in five years
  • Devaluation of the US dollar

[5:42] Exponential trends in growth of debt

  • Social Security out of cash in 17 years, Medicare in 11
  • $1.5T in college debt, $1T in credit card debt

[6:35] How to respond to this bleak macroeconomic overview

  • Educate yourself about the issues
  • Consider titles by Kiyosaki, Martenson/Taggart, and Griffin
  • ‘You have to see something coming to get out of the way’

[8:34] Doug Duncan’s favorable perspective of the real estate market

  • Chief Economist for Fannie Mae forecasts stability of interest rates in 2017 (pending no major policy changes)
  • Housing market currently experiencing third largest expansion in US history, yet weakest expansion when inflation-adjusted to reflect income and GDP growth
  • Present low housing supply causing prices to rise
  • Housing market likely to do well if recession hits
  • Interest rates would fall to stimulate economy
  • If unemployment stayed under 7%, housing would do reasonably well and rentals would improve

[10:00] Robert Kiyosaki’s approach to the four quadrants

  • Mindset comes first – Be, Do, Have
  • Spiritual language to describe Employee, Self-Employed, Big Business Owner & Investor

[11:43] The mindsets associated with each of the four quadrants

  • Employee – consumed with fear, desire for security
  • Self-Employed – issue with control, difficulty delegating
  • Big Business Owner – struggle with power, ego
  • Investor – not motivated by money/power, truly free

Resources Mentioned

Second Chance for Your Money, Your Life and Our World by Robert Kiyosaki

Prosper: How to Prepare for the Future and Create a World Worth Inheriting by Chris Martenson and Adam Taggart

The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin

The Real Estate Guys

The Investor Summit at Sea

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building

Direct download: MB_060_-_How_to_Survive_and_Thrive_the_Next_Crash.mp3
Category:Commercial Real Estate -- posted at: 6:29pm EDT

Obtaining funding can be one of the more difficult aspects of real estate investing. How do you go about finding the right lender? My guest today is making the process quicker and easier by marrying technology and real estate to create an online marketplace where investors and lenders can connect.

Ross Hamilton is the CEO of connectedinvestors.com, the world’s largest network of real estate investors. He began investing in real estate at the age of 19, and soon realized that the more connections he had in the real estate investing world, the more lucrative business could be. He leveraged his understanding of technology to create what he calls “LinkedIn for real estate investors” and became wildly successful during the property value upswing. Ross then had the foresight to diversify prior to the crash, and even thrived during the crash by investing in real estate in military towns.

Ross continues to grow his portfolio as well as his network of real estate investors, as he seeks to change the way money flows through the industry. Listen in as he explains how the Connected Investors platform pairs lenders with investors, how to spot a fake lender, and how technology will continue to affect the future of financing via crowdfunding portals and social networks.

Key Takeaways

[3:22] The key to success in real estate

[3:38] The evolution of funding real estate investments

  • ‘Wild West’ of easy funding led to crash
  • Impossible to attain after crash
  • Smart investors shifted focus to real estate
  • Trillions raised to buy bank portfolios
  • Now there is more money than deals

[6:54] How the Connected Investors platform connects investors with lenders

  • Press 12 buttons and type the property address
  • The platform identifies appropriate lenders
  • Real, active, verified lenders compete via bidding

[8:35] The success of CiX

  • Simplified process makes obtaining loans easier
  • Process $1B in applications every two weeks

[10:10] The types of debt supplied by CiX

  • Currently provide recoursereal estate fin
  • Just added portfolio
  • Making strides to include nonrecourse for commercial 

[12:43] How CiX helps investors with the equity component of funding

  • Small business lender programs for CiX network investors
  • Private lenders in network willing to think outside the box

[14:54] The prevalence of scammers posing as lenders

[18:21] How to qualify lenders and identify scammers

  • Ask for recent closings
  • Verify via public records
  • Contact borrowers as references

[20:02 ] The future of financing

  • Expansion of crowd-funding portals
  • More wealthy individuals investing in real estate
  • Additional capital moving into real estate
  • Added transparency
  • Faster, easier and cheaper to raise capital
  • Evolution of the market by technology

[22:43] Ross’s advice for investors struggling to find funding

  • Evaluate your deal- it’s probably not good enough
  • Consider how you present yourself to lenders

Connect with Ross

TheMichaelBlank.com/cix

Resources Mentioned

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building


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