Tue, 28 November 2017
‘At the end, you’re trying to find your highest and best use. How can you effectively create value based on your limited time?’
Perhaps you’re interested in getting into multifamily, but syndication is not for you. If your strengths lie in networking and raising money, you can get into apartment building investing as a general partner who specializes in soliciting capital.
Based in Hawaii, Lane Kawaoka still works his day job as an engineer, but he is quickly growing passive income streams via multi-family investing. After graduating from college with a degree in engineering, he got a job in construction management that required a lot of travel. In 2009, Lane bought a primary residence in Seattle—but he was never there. He decided to rent out his A-class property, and the cashflow generated from that enterprise inspired him to purchase more.
From there, Lane expanded his single-family portfolio, eventually discovering turnkey rentals. Today he is pursuing multi-family, recently landing his first 190-unit deal. But Lane is working deals from a different angle, coming in as the general partner who specializes in raising capital. On this episode, he shares his unique multi-family strategy, explaining how his Simple Passive Cashflow blog and podcast position him as a thought-leader in the space and afford the opportunity to network. Listen in to learn how Lane is compensated as the money-raiser, and hear his advice for aspiring entrepreneurs about building a platform that establishes your credibility as a multi-family investor!
[2:30] How Lane got into real estate
[6:11] Why Lane made the shift to multifamily
[7:33] Why Lane was slow to get started in multi-family
[8:33] The four parts necessary to do a multi-family deal
[9:24] How Lane leverages his blog and podcast
[10:20] Lane’s approach to finding deals
[11:58] Lane’s first multi-family deal
[13:36] Lane’s multi-family strategy
[15:09] How Lane is compensated as the money-raiser
[15:55] Lane’s strength in accessing capital
[17:36] Lane’s multi-family strategy moving forward
[19:37] Lane’s advice for aspiring entrepreneurs
Connect with Lane Kawaoka
Free eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_086__Become_a_Money_Raiser_to_Quit_the_Rate_Race__With_Lane_Kawaoka.mp3
Category:Commercial Real Estate -- posted at: 12:41pm EST
Mon, 27 November 2017
So you want to get into multi-family investing, but you don’t have the money or the track record. Maybe you think that baby steps is the way to go, learning the game through single-family rentals or managing a small complex on your own. But if you have the right team, you don’t need to have $5M in the bank or 15 years of property management experience. You can serve as the quarterback and focus your energy on putting together deals, while your mortgage broker, property management company, and general contractor execute the playbook.
Devin Elder was born and raised in San Antonio, Texas. After graduating from UT-San Antonio with a degree in business, he went the corporate route, working in sales and operations for several area companies. But with each promotion, Devin lost a little more time and a little more autonomy. Then he got fired. In that moment, Devin vowed to find an alternative. At about the same time, Devin bought, renovated and refinanced his first single-family rental. Initially skeptical of real estate as a viable investment, he soon realized that the cashflow from rental properties could be his way out.
Two years and 20 doors later, Devin quit his last corporate job and became a full-time investor. Since then, he has shifted his focus to multi-family, working his way from a six-unit that he managed himself to a 75-unit to a 192-unit. Today Devin shares how a desire to scale his real estate business inspired the shift from single- to multi-family and why he takes pride in having a positive impact on the community. He explains the initial lack of confidence that held him back from pursuing multi-family and how he overcame that with the right peer group and a ‘someday is now’ philosophy. Listen in to understand why Devin would pursue entrepreneurship sooner if he could do it all over again, and hear his advice around ‘borrowing credibility’ to jump-start your multi-family business!
[2:33] What inspired Devin to leave the corporate world for real estate
[5:00] Devin’s initial strategy
[7:59] Devin’s shift from single- to multi-family
[9:37] Devin’s multi-family starting point
[12:17] Devin’s second multi-family deal
[15:46] Devin’s take on working your way up in multi-family
[16:59] Devin’s advice to his younger self
[18:06] Devin’s current multi-family deal
[19:27] Devin’s advice to aspiring real estate investors
[22:47] Devin’s failures
[24:00] How Devin overcame a lack of confidence
[24:52] Devin’s AHA moment
[25:33] What Devin is excited about
Connect with Devin Elder
Direct download: MB_085__How_to_Borrow_Credibility_To_Quit_Your_Job_With_Apartments__With_Devin_Elder.mp3
Category:general -- posted at: 4:10pm EST
Thu, 16 November 2017
“I had this moment where I realized, ‘No, I’m not going to be the CEO of somebody else’s dreams. I’m going to be the CEO of my own dreams.’ I declared that day that I was never going to be an employee again.”
Tamar Mar is an adventurer at heart. She spent 20 years in the startup and small business arena, working as COO for prominent companies in the FinTech and real estate brokerage space. After making that decision to be the CEO of her own dreams, Tamar became what she calls a ‘business opportunist,’ building out her real estate portfolio and investing in small businesses like The Fitness Shop, a high-end specialty fitness equipment retailer.
Tamar invested in her first property at the age of 19, and she has owned rental properties for 15-plus years. From purchasing homes on auction to fix-and-flips to large-scale renovations projects, she has a keen eye for evaluating deals. This year, Tamar has shifted her focus to the acquisition of underperforming commercial and multi-family. Today she shares how she made the shift from single- tomulti-family real estate, her approach to landing the first deal, and how she has become a ‘capital magnet.’ Listen in and get inspired to dream big and ‘take massive stinking action every day.’
[3:06] How Tamar got involved with real estate
[5:52] Tamar’s first real estate strategy
[6:40] Tamar’s shift from single- to multi-family
[7:24] Why people are intimidated by multi-family
[8:04] What inspired Tamar’s shift to multi-family
[9:03] Tamar’s approach to landing her first multi-family deal
[12:05] How Tamar raised the capital to fund her first multi-family deal
[14:51] How the project is performing so far
[16:15] Tamar’s exit strategy
[16:57] How the Law of the First Deal is impacting Tamar
[21:23] How Tamar’s multi-family success has shifted her perspective
[22:15] Tamar’s AHA moment
[24:06] Tamar’s advice to her younger self
[25:03] Tamar’s advice to aspiring multi-family investors
[26:22] What Tamar is excited about moving forward
Connect with Tamar Mar
The Millionaire Real Estate Investor by Gary Keller, Dave Jenks and Jay Papasan
Direct download: MB_084__Be_The_CEO_of_Your_Own_Dreams__with_Tamar_Mar.mp3
Category:Commercial Real Estate -- posted at: 11:15am EST
Thu, 2 November 2017
What is your Stupid Human Trick?
We all have a unique ability that seems incredible to others. The trick is figuring out what it is that you are particularly good at and using those strengths to craft the processes and systems that capture wealth.
Cashflow Ninja M.C. Laubscher came to the US from South Africa in 2001 with a backpack and $500. He played competitive rugby and learned the real estate business via experience, buying his first property at the age of 21. M.C. befriended a wealthy multifamily investor who became his ‘accidental mentor,’ asking M.C. to serve in several different capacities from maintenance to leasing to property management to acquisitions. This education served him well, giving M.C. invaluable insight into the world of the wealthy and an understanding of all the moving parts of real estate. Now he is the President and Chief Wealth Strategist of Valhalla Wealth, a wealth management firm that leverages the Infinite Banking Concept to help clients co-author a plan for achieving financial security, independence, freedom and significance.
M.C. is also the host of Cashflow Ninja, a popular business and investing podcast that seeks to empower people to grow and protect their wealth in the new economy. Today M.C. shares the best investment opportunities out there that combat wealth destroyers, why people struggle financially, and his advice for investors who want to break the mold. Listen and learn how to determine the wealth-building vehicle that’s right for you and the importance of investing in your own health, relationships and education. You are your own greatest asset, and M.C. is here to inspire you to reach your potential through multifamily investing!
[2:48] How M.C. got involved in real estate
[5:14] What surprised M.C. about ‘the world of the wealthy’
[6:36] M.C.’s take on the best investments out there
[10:05] Why people struggle financially
[14:08] M.C.’s advice to people who want to break the mold
[19:45] The benefits of investing in insurance products
[23:07] How to figure out which vehicle or process is best for you
[26:26] M.C.’s lowest depth of misery
[28:56] M.C.’s aha moments
[31:22] What M.C. would tell his younger self
[34:30] M.C.’s perfect day
Connect with M.C. Laubscher
Becoming Your Own Banker: Unlock the Infinite Banking Concept by R. Nelson Nash
Direct download: MB_083__The_Best_Investments_to_Build_Wealth__With_The_Cashflow_Ninja_M.C._Laubscher.mp3
Category:Commercial Real Estate -- posted at: 10:04am EST