Fri, 29 December 2017
When I went along on my real estate journey and—all of a sudden—apartments became the thing that I wanted, there was a level of excitement that I had not experienced before... I imagine myself owning many apartment buildings, and that’s the vision I’ve set for myself.’
In December of 2016, veteran Seattle police officer David Sweeney turned 53. After a 30-year career, he had reached the minimum retirement age, but David knew he could not stop working if he wanted his family to have a comfortable life. Looking for new options for himself and his family, he started exploring real estate. David liked the ring of ‘multi-family investor,’ so he started looking for duplexes, triplexes and fourplexes. By April, he had secured his real estate license to gain access to the MLS, and he spent the next five months evaluating 400-plus deals.
Though a few deals fell through, David was motivated by his goal. He refinanced his own home and pulled $380K—and waited for the right opportunity. By August, David had started thinking bigger, and when he came across a 24-unit property in Centralia, he made an offer that was accepted. Now David is looking for his next deal and looking to help other aspiring investors find deals of their own. Today he shares his process for analyzing deals and how he made the mindset shift from pursuing duplexes, triplexes and fourplexes to apartment buildings. He discusses the challenges he faced in getting a loan and how he leverages his commercial lender as a ‘second set of eyes.’ Listen in for David’s bold 2018 goals and his advice for aspiring investors around increasing your productivity through purpose!
[0:40] The trigger that moved David to pursue real estate
[2:15] David’s initial strategy
[4:32] How David moved forward toward his goals
[8:16] David’s mindset from April through August
[10:28] David’s shift to thinking big
[15:58] David’s first deal
[19:08] David’s goals for 2018
[22:16] The challenges David faced in doing his first deal
[24:28] How David’s first deal is performing
[26:57] David’s advice for aspiring real estate investors
Connect with David Sweeney
Think and Grow Rich by Napoleon Hill
Direct download: MB_089_-_Increasing_Your_Productivity_Through_Purpose__With_David_Sweeney.mp3
Category:Commercial Real Estate -- posted at: 6:13pm EST
Fri, 22 December 2017
Analysis paralysis? A fear of failure? Too many other responsibilities? Procrastination? The idea that you’re not good enough?
What’s holding you back from FINALLY making the decision to live the life of your dreams? What if you could overcome these limiting belief systems, otherwise known as BS, and take action on your goals? What if you could totally crush it in 2018?
Rod Khlief is an authority in real estate, business and peak performance. He has personally owned and managed 2,000-plus apartments and homes, building more than 22 businesses in his 40-year career. But it wasn’t until he lost his shirt in the recession that Rod learned how to build a successful life that had richness and meaning—with a focus beyond himself. Now he combines his passion for real estate investing with his understanding of ‘the psychology of success’ to serve as one of the country’s top real estate investment and high-performance life coaches.
Today Rod shares how he came back from the experience of losing $50M and why he is a better person for it. He walks us through his goal-setting methodology, explaining how to develop a WHY for each objective and the value of finding images associated with each of your goals. Listen in for Rod’s insight around truly deciding, overcoming fears and discouragement, and taking action on your goals. Learn how to leverage the Dickens process to change your mindset and the value in realizing it’s not all about you.
[1:31] Rod’s $50M seminar
[5:05] What Rod learned from the experience
[9:17] Rod’s methodology around goal-setting
[16:33] Rod’s insight around taking action on your goals
[20:22] The value in truly deciding to change your life
[25:48] How to overcome discouragement (i.e.: lack of progress, losing a deal)
[27:23] Rod’s advice around overcoming fears
[32:30] The value of experiencing what you want
Connect with Rod Khlief
Rod’s Free Book
Direct download: MB_088_-_Overcoming_Challenges_-_With_Rod_Khleif.mp3
Category:general -- posted at: 6:36pm EST
Sat, 9 December 2017
It’s important for each of us to find our niche in the real estate investing space. Maybe you’re confident that commercial real estate is where you want to be, but multi-family just doesn’t feel like the right fit. There are other asset classes to consider, and one of the most recession-resistant is that of self-storage.
Hunter Thompson is the Managing Principal of Cash Flow Connections, a private equity group out of Los Angeles that connects passive real estate investors with opportunities in the commercial space, with a specific focus on mobile home parks and self-storage properties. Hunter has done 100-plus deals valued in excess of $350M.
Hunter got his start investing in stocks, but the lack of predictability in the market led him to focus on simpler investments with mitigated risk. After connecting with a network of like-minded individuals, he began investing in mortgage notes before branching out into other real estate asset classes. Today he shares what inspired him to invest in self-storage, explaining what makes the opportunity truly recession-proof. Hunter discusses self-storage value-add strategies, the benefits of self-storage as an investment, and how to find the best markets in the space. Listen in to understand what Hunter looks for in a sponsor, his approach to management, and his advice around next steps for aspiring self-storage investors.
[1:45] Hunter’s shift to real estate investing
[4:20] Hunter’s first real estate deal
[5:43] How Hunter got into self-storage
[7:28] The benefits of investing in self-storage
[10:13] The best markets for self-storage investment
[12:06] What Hunter looks for in terms of underwriting
[13:26] Hunter’s approach to management
[15:28] What Hunter looks for in a sponsor
[17:06] A case study of Hunter’s ideal investment
[19:44] Hunter’s take on trends in self-storage
[21:36] Hunter’s advice around next steps for aspiring investors
[23:03] What Hunter is excited about
Connect with Hunter Thompson