Thu, 22 February 2018
With 3,600 members, Neal Bawa’s multifamily meetup is the largest in the US.
Would you believe that when he started the group, Neal had zero multifamily experience?
Neal’s background is in technology education. He spent 15 years running a traditional company—and paying massive taxes—when his boss turned him on to the tax benefits of multifamily. Neal invested in a handful of single family homes, triplexes and fourplexes to learn the game, and he was ready to take the next step when he learned about a 12-plex deal that he couldn’t afford on his own.
By then, Neal had established his multifamily meetup, where he was candid about the fact that he didn’t have experience. Rather, he shared what he DID know—his research and knowledge of the numbers. And on the night that Neal shared the story of the 12-plex deal, he discovered that he had a knack for raising money as well.
Today, Neal and his partner have 1,000 units, with plans to hit 1,700 by the end of the year. Neal joins me to discuss how he was able to position himself as a leader despite a lack of track record and why his ability to tell the story of a project led to success with raising money. He talks numbers, sharing the importance of understanding the economics of an area before you invest and his take on the top two markets for 2018. Listen in for Neal’s insight around stock market corrections, partnering with experts and diversifying your real estate portfolio.
Neal’s transition from single- to multifamily
Why Neal established a multifamily meetup without a track record
How Neal’s meetup group supported his growth
Neal’s advice around avoiding the mistakes he made early on
How demographics can impact returns
Neal’s top market picks with growth and value potential
Why multifamily investors should adjust their expectations
Neal’s take on whether it’s a good time to get into multifamily
Neal’s insight on market corrections
How multifamily performed in the last recession
What’s next for Neal
Connect with Neal
Direct download: MB_096_-_Multifamily_Investment_Outlook_for_2018_and_Beyond_-_with_Neal_Bawa.mp3
Category:Commercial Real Estate -- posted at: 2:09pm EDT
Tue, 13 February 2018
Wouldn’t it be great if your first multifamily deal just fell into your lap? If someone would just walk into your office and offer you an 18-unit property? If a bank would provide you with 100% financing and 100% renovation?
Sounds great, right?
But the problem with things being too easy is that you don’t learn. Just ask Nathan Tabor. He got lucky on his first multifamily deal—and that led to a lot of misery, stress, and unanticipated setbacks with his second and third investments.
Nathan is an entrepreneur, business consultant, executive coach and speaker. In the last 18 years, he has successfully founded and operated dozens of businesses, grossing over $150M in sales. His experience spans the areas of real estate, auto sales, web-based marketing and direct product sales. Nathan has been a featured guest on Fox News, Laura Ingraham and C-Span, among others, and his parent company was ranked as one of the fastest-growing small businesses in the US by Inc. magazine in 2012, 2013 and 2014.
Nathan has done 26 multifamily deals in the last 11 years, and his current portfolio includes three apartment buildings with a total of 168 units. Today he joins me to share his story, discussing how that easy first deal led to big mistakes with his second and third investments. Nathan walks us through the lessons he learned around financials and zoning and explains why aspiring investors should focus on the first deal. Listen in to understand how his multifamily strategy has changed over time, and get Nathan’s insight on serving others first to achieve lasting happiness.
Nathan’s stress-free first deal
Nathan’s disaster of a second deal
Nathan’s multifamily strategy
Nathan’s third multifamily deal
The lessons Nathan learned from his mistakes
How Nathan’s multifamily strategy changed over time
Why multifamily appeals to Nathan
Nathan’s advice for aspiring multifamily investors
Nathan’s insight on work-life balance
Connect with Nathan
Direct download: MB_095_-_What_Doesnt_Kill_You_Makes_You_a_Better_Multifamily_Investor__With_Nathan_Tabor.mp3
Category:Commercial Real Estate -- posted at: 4:19pm EDT
Wed, 7 February 2018
Andrew Campbell was 27-years-old, working a good corporate job when he got the call that his father had suffered a massive brain hemorrhage. So he moved back home to Austin and reconsidered what he wanted out of life.
Flexibility and freedom became priorities for Andrew, and when an experienced friend invited him to partner up on the purchase of a duplex, he agreed. Very quickly, Andrew was ‘addicted to real estate,’ and he began to envision a long-term plan that would allow him to quit his job and pursue real estate full-time.
Now Andrew is a managing partner with Wildhorn Capital, a real estate investment firm focused on multifamily properties in major Texas markets. Today he joins me to share how he made the transition from duplexes and fourplexes to his first multifamily deal, a 192-unit building in San Antonio. Andrew walks us through his first experience with raising money, explaining how being a real estate junkie helped him build a network organically. Listen in for Andrew’s insight on redefining success, taking risks, and leveraging an addiction to real estate to live the life YOU design.
How Andrew got into real estate
Andrew’s initial investment strategy
Why Andrew limited himself to four units or less
Why Andrew transitioned to multifamily
Andrew’s first experience with raising money
Andrew’s first multifamily deal
What inspired Andrew to ‘go big’ on his first multifamily deal
How Andrew was able to raise $6.5M
Why Andrew chose to work with a partner
What’s next for Wildhorn Capital
How Andrew’s life is different as a full-time investor
Andrew’s advice to aspiring multifamily investors
Connect with Andrew
The Millionaire Real Estate Investor by Gary Keller, Dave Jenks and Jay Papasan
Rich Dad Poor Dad by Robert T. Kiyosaki
Sat, 3 February 2018
You’ve been served.
Those are scary words for a real estate investor, but the truth is that you are likely to face a lawsuit at some point in your career—take it from me. So how do you keep your assets safe and protect yourself from frivolous litigation?
Scott Smith is an attorney as well as a real estate investor. His firm, Royal Legal Solutions, provides business, tax and legal solutions geared exclusively for real estate investors. Scott has eight years of experience deconstructing the industry, and asset protection is his specialty.
Today Scott covers the statistics around lawsuits in the real estate investing space, explaining his ‘if, not when’ approach to protecting yourself as a real estate investor. He shares case studies of investors who were not protected and walks us through the benefits of hiding and isolating your assets. Scott offers his best strategies, including separating operations from ownership, removing equity from your properties, and doing your due diligence—every single time. Listen in and learn how to leverage a series LLC structure in combination with a land trust to remain anonymous and compartmentalize your assets, making you less susceptible to litigation.
The focus of Royal Legal Solutions
The likelihood you will be sued as a real estate investor
The potential outcomes of a lawsuit
Scott’s strategies for protecting real estate investors
The level of effort required to open and maintain multiple LLCs
Scott’s best advice for real estate investors
Scott’s call-to-action for protecting your assets
Connect with Scott
Direct download: MB_093_-_Top_10_Ways_to_Protect_Your_Real_Estate_Investments_-_With_Scott_Smith.mp3
Category:Commercial Real Estate -- posted at: 1:03pm EDT