Tue, 27 March 2018
Would you like to save ten years or so and get right to the financial freedom part of real estate investing? Corey Peterson is finally living what he calls the ‘Sunsets and Palm Trees’ lifestyle, but his path was not an easy one. Like many a real estate investor before him, Corey got into the fix and flip business, and while he looked successful on the outside, he was a wreck on the inside. Running rehabs was running him ragged, and he was spending his Saturdays with contractors—instead of his family. Corey knew he had to do something differently, and that’s when he made the transition from single- to multifamily real estate. Today, Corey is the owner of Kahuna Investments, a multifamily firm that provides its investors with stable cashflow and long-term capital appreciation. Since 2011, Corey has been involved in the ownership and management of commercial properties worth a total of $31M, and he is a sought-after speaker in the multifamily investing space. Corey is the also the host of the Multi-Family Legacy Podcast, and he has been featured on FOX, CBS, ABC and NBC affiliates. Corey joins me to share his story, explaining how ‘Bruce Wayne’ introduced him to real estate and how being fired from his job as a financial advisor inspired his commitment to full-time investing. He walks us through the ‘hustle and grind’ of his years in the fix and flip business, describing the Saturday he missed his son’s game and how that feeling of failure motivated Corey’s transition to multifamily. He addresses how he developed a talent for raising private money and how that translated to a partnership and his first multifamily deal. Listen in for Corey’s advice around skipping the single-family step and shaving ten years off your journey to financial freedom! Key TakeawaysCorey’s introduction to real estate
Why Corey got caught in the fix and flip trap
How Corey made the commitment to full-time real estate
Corey’s shift to multifamily
Corey’s first multifamily deal in 2011
Why Corey encourages investors to do multifamily
Corey’s advice for aspiring real estate investors
Corey’s tips around raising money
Corey’s insight on mentoring and partnerships
What Corey’s excited about
Connect with CoreyThe Multi-Family Legacy Podcast ResourcesRich Dad Poor Dad by Robert Kiyosaki Free eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_101_-_Living_the_Sunsets_and_Palm_Trees_Lifestyle_with_Multifamily__With_Corey_Peterson.mp3
Category:Commercial Real Estate -- posted at: 5:48pm EST |
Thu, 15 March 2018
If you take the time to sit down and get clear on the direction of your life, you may find that growing a business for yourself and your family will afford you the flexibility and time to pursue hobbies, to travel, to spend time with the people you love—and build wealth in the process. More often than not, time invested in reflection is what ultimately inspires action among aspiring multifamily investors. Scott Price and his wife Karen run Bonvolo Real Estate Investments. They have been investors since 2003, owning and managing multifamily, office, retail and land properties across multiple markets in Washington state. From 2003 through 2007, Scott worked as a broker and earned Seattle Magazine’s Best in Client Satisfaction Award three times before returning to his career in project management. He has steadily grown his real estate portfolio while working full-time at Microsoft, but now he is quitting his W-2 job to focus on Bonvolo full time! Scott sits down with me to share the experience that distracted him from pursing real estate after college and how the desire for flexibility ultimately brought him back. He explains why he went straight to multifamily as an investment strategy, how he was able to overcome his inexperience, and the business plan for his first 29-unit property. Listen in as Scott reflects on how a lack of awareness about syndication led to slow growth and addresses his plans to give back to the community now that he does real estate full time. Key TakeawaysScott’s introduction to real estate
When Scott first took action in real estate
Why Scott returned to real estate
Scott’s initial real estate strategy
Why Scott went straight to multifamily
The initial challenges Scott faced in multifamily
How Scott overcame his inexperience
Scott’s first 29-unit deal
Scott’s business plan for creating value
What’s next for Scott
Scott’s advice for his younger self
Why Scott was too conservative early on
Scott’s challenges around syndication
Scott’s guidance for aspiring investors
What Scott is looking forward to
Connect with ScottBonvolo Real Estate Investments Email scott@bonvolo.com ResourcesThe Miracle Morning by Hal Elrod Free eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_100_-_Reflection_Inspires_Action_in_Multifamily_Investing__With_Scott_Price_-_mp3.mp3
Category:Commercial Real Estate -- posted at: 6:47pm EST |
Mon, 12 March 2018
We’ve been conditioned to believe that a steady paycheck is a safety net. That if we pay our dues, the company we have been loyal to will return the favor, and we will ultimately be rewarded with a hefty 401(k). But Clayton Morris contends that the opposite is true: As long as you for someone else (no matter how prestigious your job may be) consider yourself a line item on a spreadsheet with zero control of your own destiny—who could lose your livelihood at any time, through no fault of your own. Clayton left a lucrative position as the weekend anchor for Fox & Friends to become the Founder and President of Morris Invest, a firm dedicated to helping people build financial freedom through real estate, and the host of the Investing in Real Estate Podcast. No matter how prominent his work in broadcasting, Clayton knew that his life wasn’t truly his own. He used real estate as the vehicle to gain financial freedom, and now he is on a mission to share his secret sauce with aspiring investors. Clayton joins me to explain why he left a successful broadcasting career to pursue real estate full time. He shares how a flight to New Zealand inspired him to start a single-family portfolio and what motivated him to get serious about leveraging real estate to replace his income. Clayton addresses the significance of a strong WHY and the limiting beliefs that held him back early on. Listen in for Clayton’s advice around taking massive action and gaining clarity through whitespace. Key TakeawaysWhy Clayton left broadcasting for real estate
How Clayton decided on real estate
Clayton’s initial investment strategy
When Clayton got serious about real estate
Clayton’s last day of work
Why Clayton is making the shift to multifamily
What held Clayton back
The myth that a steady paycheck is a safety net
Clayton’s advice around taking action
What Clayton is looking forward to
Connect with ClaytonResourcesJeff Goins Mitigated Risk Article Michael on Investing in Real Estate Free eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_099_-_Control_Your_Own_Destiny_Through_Real_Estate_Investing__With_Clayton_Morris.mp3
Category:general -- posted at: 1:02pm EST |
Tue, 6 March 2018
As multifamily investors, it is easy to get caught up in making as much money as possible. Problem is, we sometimes forget that real people live in those apartment buildings. And regardless of their socioeconomic level, our tenants deserve to be treated with dignity and respect. Eddie Lorin is a multifamily real estate investor with 20 years of value-add experience and 40K units under his belt. Eddie’s company, Impact Housing, is on a mission to breathe new life into neglected multifamily properties, generating positive returns for investors and improving the quality of life for residents and surrounding communities. Eddie sits down with me today to share his vision for Impact Housing and the critical need for clean, affordable housing for the working class. He explains the concept of impact investing, discussing how he takes care of people ‘where they live’ by way of Class A amenities and on-site programming. Eddie speaks to his expectations for third-party property managers, describing the art and science of building a community. Listen in as Eddie offers the business argument for his model and learn how to do well by doing good. Key TakeawaysEddie’s vision for Impact Housing
The concept of impact investing
What’s different about Impact Housing
How Eddie takes care of his residents
What Eddie requires of third-party property managers
The business argument for Eddie’s model
What Eddie’s looking forward to
Connect with EddieEmail info@impacthousing.com ResourcesFree eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_098_-_Do_Well_By_Doing_Good_-_With_Eddie_Lorin.mp3
Category:Commercial Real Estate -- posted at: 7:07pm EST |
Tue, 6 March 2018
‘The guy or the gal that wants to quit their job and doesn’t is quitting themselves.’ What is the secret sauce that makes a person successful? Michael Quarles says that it’s not about hoping, wanting or even needing to reach your goals. You have to REQUIRE yourself to take action every day in order to achieve. And even that’s not enough if you don’t have self-respect. Michael is a serial entrepreneur and accomplished real estate broker and investor who purchased his first property at the tender age of 18. He has completed thousands of real estate deals, and Michael has vast experience with fix and flips, assignments, and wholesale deals. In addition, he designed a systematized business model that his team uses to purchase houses across the country through 1800Sell4Cash. Michael also developed Yellow Letters, the largest marketing company for real estate investors, as well as the Alex & Ryan Call Center, a service that turns marketing responses into deals. Today, Michael joins me to discuss his high-level strategy for lead generation. He explains the value of cluster marketing, his strategies for converting leads over the phone, and the process of locating leads without the help of a broker. Michael walks us through his criteria for choosing a market and how he handles due diligence without the luxury of seeing a property in person. Listen in for Michael’s insight on why self-respect is the key to success and his ‘taste the caviar’ challenge for aspiring investors. Key TakeawaysMichael’s high-level strategy for lead generation
The value of cluster marketing
Michael’s techniques for converting leads on the phone
Michael’s take on the art of negotiation
Michael’s best suggestions for lead sources
Michael’s criteria for choosing a market
Michael’s call center personas
How Michael does due diligence without seeing a property
Michael’s insight on what it takes to be successful
Michael’s ‘taste the caviar’ challenge
The value in surrounding yourself with the right people
Connect with MichaelEmail michael@michaelquarles.com ResourcesFree eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_097_-_Lead_Generation_in_Real_Estate_-_Michael_Quarles.mp3
Category:Commercial Real Estate -- posted at: 5:03pm EST |
Tue, 6 March 2018
‘The guy or the gal that wants to quit their job and doesn’t is quitting themselves.’ What is the secret sauce that makes a person successful? Michael Quarles says that it’s not about hoping, wanting or even needing to reach your goals. You have to REQUIRE yourself to take action every day in order to achieve. And even that’s not enough if you don’t have self-respect. Michael is a serial entrepreneur and accomplished real estate broker and investor who purchased his first property at the tender age of 18. He has completed thousands of real estate deals, and Michael has vast experience with fix and flips, assignments, and wholesale deals. In addition, he designed a systematized business model that his team uses to purchase houses across the country through 1800Sell4Cash. Michael also developed Yellow Letters, the largest marketing company for real estate investors, as well as the Alex & Ryan Call Center, a service that turns marketing responses into deals. Today, Michael joins me to discuss his high-level strategy for lead generation. He explains the value of cluster marketing, his strategies for converting leads over the phone, and the process of locating leads without the help of a broker. Michael walks us through his criteria for choosing a market and how he handles due diligence without the luxury of seeing a property in person. Listen in for Michael’s insight on why self-respect is the key to success and his ‘taste the caviar’ challenge for aspiring investors. Key TakeawaysMichael’s high-level strategy for lead generation
The value of cluster marketing
Michael’s techniques for converting leads on the phone
Michael’s take on the art of negotiation
Michael’s best suggestions for lead sources
Michael’s criteria for choosing a market
Michael’s call center personas
How Michael does due diligence without seeing a property
Michael’s insight on what it takes to be successful
Michael’s ‘taste the caviar’ challenge
The value in surrounding yourself with the right people
Connect with MichaelEmail michael@michaelquarles.com ResourcesFree eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_097_-_Lead_Generation_in_Real_Estate_-_Michael_Quarles.mp3
Category:Commercial Real Estate -- posted at: 5:03pm EST |
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