Mon, 30 December 2019
It’s that time of year again. Time to set goals for the year ahead and start working toward your dream of financial freedom. But what’s the best way to set goals and commit to following through? How do you avoid overwhelm and keep going no matter what? On this episode of Apartment Building Investing, I am sharing my top 6 tips for setting goals you CAN and WILL achieve in 2020. I explain why it’s crucial to find your WHY and state your goals clearly—over multiple time frames. I go on to reveal my secret to avoiding overwhelm, describing the value of consistency in working toward financial freedom. Listen in for advice around leveraging practice to develop confidence and learn to commit to doing your first multifamily deal, no matter how long it takes! Key TakeawaysTip #1—Develop your WHY
Tip #2—State your goals clearly over multiple time frames
Tip #3—Always do the next 3 things
Tip #4—Focus on the activity, NOT the outcome
Tip #5—Be consistent
Tip #6—Commit to the outcome, not a timeline
ResourcesGrant Cardone on the Lewis Howes Podcast The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller |
Mon, 23 December 2019
Should you self-manage your multifamily portfolio? Or is it better to outsource to a third-party? If you do choose to outsource, what should you look for in a property management team? Tony LeBlanc is the author of The Doorpreneur: Property Management Beyond the Rent Roll, a book that redefines the potential of property management businesses. Tony grew up inside the industry, watching his mother manage the building where he was raised. Ten years ago, he started his own property management company, and today, it is one of the largest on Canada’s East Coast and supports seven subsidiary businesses from landscaping to commercial cleaning to a real estate brokerage. On this episode of Apartment Building Investing, Tony joins me to explain how he developed The Doorpreneur Way and what it meant for his property management company in terms of productivity and profit. He offers insight around how to hire a third-party property manager, what the ideal investor-property manager relationship looks like, and why it can be difficult to manage to a pro forma. Listen in for Tony’s innovative ideas for driving additional revenue and learn when it makes sense to self-manage your portfolio and when to outsource the job. Key TakeawaysTony’s extensive experience in property management
What inspired Tony to write The Doorpreneur Way
Tony’s advice on hiring a third-party property manager
The ideal relationship between property managers and investors
Tony’s approach to working with sophisticated investors
What makes it difficult for property managers to stay on budget
Tony’s Doorpreneur Model
Tony’s best practices for property managers
Innovative ways to increase revenue and reduce expenses
Tony’s insight around personal development practices
Connect with Tony LeBlancResourcesThe Doorpreneur: Property Management Beyond the Rent Roll by Tony LeBlanc The Leader Who Had No Title by Robin Sharma Apartment Investor Network Facebook Group Sponsor |
Mon, 16 December 2019
Are limiting beliefs stopping you from becoming a multifamily investor? When Sterling White got his start in real estate, he was crashing in a friend’s den. He had no money in the bank and zero credit. But Sterling DID have a willingness to learn, and he understood that the best way to approach a potential mentor was to provide value. Today, Sterling is a seasoned real estate investor and philanthropist based in Indianapolis. He got his start in 2009, building a portfolio of 150 SFH before transitioning to multifamily in 2017. To date, Sterling owns a total of 587 single- and multifamily units, and he is a frequent contributor to BiggerPockets. He also serves as the host of The Real Estate Experience podcast and author of From Zero to 400 Units: How I Found Another Path & Discovered Freedom Through Real Estate. On this episode of Apartment Building Investing, Sterling joins me to explain how he got his start in real estate, working for a mentor (for free!) to find SFH buy-and-hold deals. He discusses his transition to multifamily, sharing his bold approach to finding off-market deals and the resources he uses to get in touch with property owners. Listen in for Sterling’s insight on providing value to attract investors and learn how to overcome the limiting beliefs that are keeping you from achieving financial freedom with multifamily investing! Key TakeawaysSterling’s journey to real estate investing
How Sterling developed an interest in real estate
How Sterling provided value to his mentor early on
Sterling’s first SFH investing deal
What inspired Sterling’s transition to multifamily
Sterling’s first multifamily investing deal
How Sterling hustles to find new deals
Sterling’s resources for finding owner contact info
Sterling’s advice on marketing to attract investors
The evolution of how Sterling raises money for deals
The limiting beliefs that hold aspiring investors back
Sterling’s insight on the value of time
Connect with Sterling WhiteResourcesRich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss |
Mon, 9 December 2019
If you want to raise money, I mean REALLY raise money, you need a thought leadership platform. Yes, at the beginning of your career, you will onboard passive investors one at a time. But once you’ve exhausted your network and you’re ready to scale, you’ll need to leverage online marketing techniques to expand your investor base and raise millions for multifamily deals—on a very short timeline. Josh Cantwell is the CEO of Strategic Real Estate Coach, a program dedicated to giving real estate investors and agents the most advanced training in the business. Josh is the top real estate investor in his community, buying and selling more than 600 properties since 2003, and he regularly partners with other investors to close deals all over the US. He is also the author of The Flip System: Your Real Estate Investing Playbook to Create Financial Freedom and Peace of Mind and the CEO of Freeland Ventures Private Equity and Direct Real Estate Lending, helping investors get funding both residential and multifamily deals. On this episode of Apartment Building Investing, Josh joins me to explain how his experience with pancreatic cancer changed his personal and professional life, sharing the strategies he uses to be more purposeful with his time and put his family first. He discusses why he chose capital raising for multifamily over syndicating deals and describes his process for raising millions of dollars—in just a few hours. Listen in for Josh’s advice to aspiring capital raisers and learn his four steps to building an online platform that attracts multifamily investors. Key TakeawaysHow Josh’s bout with pancreatic cancer changed his life
The strategies Josh uses to be purposeful about his time
Josh’s multiple business ventures
The limiting beliefs that kept Josh away from multifamily
Why Josh chose raising capital over syndicating deals
How Josh raises millions of dollars for multifamily in hours
Josh’s tips for creating an online platform to raise capital
Josh’s advice for aspiring capital raisers
Connect with Josh CantwellThe Flip System by Josh Cantwell Resources |
Mon, 2 December 2019
When Phil Capron went through special ops training for the US military, he noticed that the recruits who made it to the end weren’t necessarily the strongest or the fastest or the smartest. So, what differentiated the 20 who succeeded from the thousands vying for the job? They simply refused to quit. And Phil believes that the same principle applies to making it in multifamily investing. Phil is a former Special Warfare Combatant Craft Crewman in the US Navy and current full-time multifamily real estate investor. To date, he owns a 245-unit portfolio worth $15M in Coastal Virginia and shares his understanding of the space as a Senior Mentor with the Michael Blank Organization. Phil specializes in revitalizing distressed and underperforming assets to ensure profitability for his team and change neighborhoods for the better. He is also the author of the new release Your VA Loan: And How it Can Make You a Millionaire. On this episode of Apartment Building Investing, Phil joins me to explain how taking advantage of a VA loan sparked his initial interest in real estate. He walks us through his transition from working in a brokerage and flipping houses to full-time multifamily investing, sharing his advice around when to quit a W-2 job for real estate. Listen in for Phil’s insight into what differentiates his successful mentoring students from those who don’t progress and learn how the grit he developed in military special ops training informs his investing career. Key TakeawaysHow Phil got started in real estate
What inspired Phil’s transition to multifamily
When Phil started investing full-time
Phil’s advice on when to quit your job
Phil’s take on why people don’t take action
How Phil spends his days as a full-time investor
Phil’s insight on why your story matters
Connect with Phil CapronResourcesYour VA Loan: And How It Can Make You a Millionaire by Phil Capron |
Tue, 19 November 2019
Real estate investing conferences are one of the few places where there is no line to the women’s restroom. And while that may be a relief to the female entrepreneurs in attendance, it can also be very discouraging. Why are there so few women playing in the multifamily space? And what can we do to encourage more women to become entrepreneurs and investors? Olenka Cullinan is the Business Coach behind #iStartFirst, a platform dedicated to inspiring women to achieve their full potential. Through her online bootcamps, #iStartFirst Bossbabes Summit and national speaking engagements, Olenka empowers women to up-level their mindset, overcome their fears and build successful careers. On this episode, Olenka joins me to explain why there are so few female entrepreneurs and what she is doing about it through #iStartFirst. She speaks to the limiting beliefs many women share and describes how the female mind works differently when it comes to making deals. Listen in for Olenka’s insight around the power of mentorship to help you start or scale your business and learn why you don’t necessarily have to be in the limelight to be a leader! Key TakeawaysOlenka’s entrepreneurial journey
Olenka’s advice to her younger self
The story behind #iStartFirst
Why there are so few female entrepreneurs
Olenka’s insight around building your brand
The limiting beliefs many women share
How women differ from men in making deals
The idea behind #iStartFirst
Olenka’s take on women in supporting roles
Olenka’s idea client
What women learn at Olenka’s bootcamp
Olenka’s concept of an Alpha Woman
Olenka’s advice to aspiring female entrepreneurs
Connect with Olenka CullinanResourcesStop Preparing Start Doing eBook Passionistas: Tips, Tales and Tweetables from Women Pursuing Their Dreams by Olenka Cullinan et al. |
Mon, 18 November 2019
Do you have your money right? Or are you handing it over to Wall Street and hoping for the best? What if I told you that the secret to true wealth is to STOP saving your money and START using it to invest in real assets—like multifamily real estate! Grant Cardone is the CEO of Cardone Capital, a multifamily real estate investment firm with more than $1.36B in assets under management. He is also an international speaker and bestselling author, well-known for creating the 10X Movement and 10X Growth Conference. Grant was named the #1 marketer to watch by Forbes, and he is a widely respected entrepreneur who owns and operates seven privately held companies. On this episode, Grant joins me to share what he’s investing in now, discussing what kind of returns he expects on multifamily deals. He walks us through a day in the life of Grant Cardone, sharing his secret to work-life balance, his definition of true wealth, and his thoughts on the importance of spirituality. Listen in to understand what is driving Grant to build a legacy and learn how his Reg A fund serves non-accredited investors. Key TakeawaysWhat Grant’s investing in right now
Why Grant avoids value-add multifamily deals
The returns Grant expects from multifamily investments
Why Grant started a Reg A fund with $5K minimums
A day in the life of Grant Cardone
Grant’s secret to work-life balance
How Grant’s approach to money has changed
What drives Grant to keep growing
Grant’s insight on taking it to the next level
Grant’s definition of wealth
The role of spirituality in Grant’s life
Grant’s advice for ABI listeners
Connect with Grant CardoneResourcesGrant on Lewis Howes’ Podcast in 2017 The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Millionaire Booklet: How to Get Super Rich by Grant Cardone Robert Kiyosaki on Apartment Building Investing EP160 What’s the Best Investment: The Stock Market or Real Estate? |
Mon, 11 November 2019
Raising capital for multifamily real estate deals strikes fear in the heart of many an aspiring syndicator. But what if you didn’t have to chase leads? What if you could ATTRACT high-net-worth individuals and bring in investments of $100K (or more!) with a single phone call? It IS possible, provided you commit to consistent content creation and position yourself as a thought leader in the space. Hunter Thompson is the Managing Principal at Asym Capital, a real estate investment firm that helps clients build a diverse portfolio around low-risk cashflow production. With nearly 10 years of experience in fund management, Hunter is a prolific writer on the finance of commercial real estate and the host of Cash Flow Connections. His new book, Raising Capital for Real Estate, teaches aspiring operators the art of establishing credibility, attracting investors and funding deals at scale. On this episode of Apartment Building Investing, Hunter joins me to share his experience raising capital for real estate deals and building a thought leadership platform to attract passive investors. He explains how to get started with content creation, what to do if you’re not a great writer, and why content is crucial if you want to scale. Listen in for Hunter’s insight on picking a niche that fits with who you are—and learn his process for building an infrastructure that attracts and nurtures high-net-worth investors. Key TakeawaysHunter’s journey to multifamily investing
What Hunter looks for in a joint venture partner
Hunter’s experience of writing Raising Capital for Real Estate
Hunter’s advice on how to get started with content creation
What to do if you’re not necessarily a great writer
How to develop a commitment to consistent content creation
Hunter’s take on why content is important
How to define the kind of investor you want to attract
Hunter’s process of building a thought leadership platform
Hunter’s advice for starting your own real estate platform
Connect with Hunter ThompsonRaising Capital for Real Estate Cash Flow Connections Real Estate Podcast Intelligent Investors Real Estate Conference Email info@raisingcapitalforrealestate.com ResourcesPitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff Jeremy Roll on Cash Flow Connections EP001 What’s the Best Investment: The Stock Market or Real Estate? |
Mon, 4 November 2019
W-2 jobs give us a sense of security. But what happens if you lose your job or can’t work due to illness or injury? Spencer Hilligoss wanted to play financial defense and build enough passive income to keep the lights on for his family should something unexpected happen. And though real estate gets a bad rap for being a risky investment, Spencer discovered that multifamily is actually very predictable. In fact, it’s the best kind of boring! Spencer has 13 years of experience in tech startups, building high-performing teams across five companies—three of which valued at more than $1B. He currently serves as the Senior Director of Professional Development for LendingHome, the largest residential flip lender in the country. Spencer is also the Cofounder and Principal at Madison Investing, a real estate education platform dedicated to helping busy professionals build passive income, and a contributing writer and member of Forbes Real Estate Council. On this episode, Spencer joins me to explain how the ‘dark decade’ he endured as a young man inspired him to pursue passive income through real estate. He shares his approach to financial planning, describing how he and his wife set goals and analyze deals together. Listen in for Spencer’s insight around the benefits of passive investing in multifamily over SFH strategies and learn exactly what he looks for in a sponsor, a market and a deal. Key TakeawaysWhat’s keeping Spencer at his W-2 job
How Spencer got into real estate
The Silicon Valley wealth playbook
Spencer’s path to multifamily investing
How passive investing in multifamily differs from SFH
Spencer’s approach to financial planning
What Spencer looks for in a sponsor
Spencer’s advice for new syndicators
What Spencer looks for in a market
What Spencer looks for in a deal
What’s next for Spencer
Connect with Spencer HilligossEmail spencer@madisoninvesting.co ResourcesWhat’s the Best Investment: The Stock Market or Real Estate? |
Mon, 28 October 2019
Technology has succeeded in disrupting several industries. Think about what Uber has done to the taxi business. Or how Airbnb has changed hotels. These innovations work because they create a frictionless experience for consumers. So, how might #proptech disrupt multifamily? And how can apartment investors leverage technology to better the resident experience and compete in the market of the future? Patrick Antrim is the Founder and CEO of Multifamily Leadership, a thought leadership platform that researches the best in innovation and leadership in the multifamily space. He has 18 years of experience managing the portfolios of some of America’s most influential real estate entrepreneurs and business titans, including Forbes billionaire George Argyros. Patrick is also the host of the Multifamily Leadership Podcast and the creator of the Multifamily Leadership Summit. On this episode, Patrick joins me to share his take on shifting renter expectations and explain why investors of the future need to understand technology. He describes how we can use tech to improve the tenant experience and why class B and C operators shouldn’t dismiss tech as a luxury amenity. Listen in for Patrick’s insight around current trends in multifamily and learn how his organization is exploring the intersection among technology, leadership and resident journey.
Key TakeawaysHow Patrick got into the asset management space
Patrick’s take on shifting renter expectations
Why investors of the future need to understand technology
How we can use tech to improve the tenant experience
Patrick’s insight on tech in class B and C properties
Why property management companies are slow to adopt tech
Patrick’s thoughts on current trends in multifamily
Patrick’s mission with Multifamily Leadership
Patrick’s advice for aspiring multifamily operators
Connect with Patrick AntrimMultifamily Leadership Podcast Resources |
Mon, 21 October 2019
So, you’re getting into the business of multifamily real estate. Like it or not, you’re also getting into the business of marketing and promotions. But how do you build a platform online and attract the capital you need to grow? Kyle Wilson is a marketing icon in the personal development space, promoting the likes of Og Mandino, Les Brown, and Robin Sharma, just to name a few. For 18 years, he served as Jim Rohn’s business partner, taking Jim from 20 speaking events per year at $4K each to 110 events at $25K—and creating Jim Rohn International along the way. Today, Kyle does high-end coaching and consulting and hosts the Kyle Wilson Inner Circle Mastermind. He has helped more than 200 thought leaders become published authors with multiple bestselling books. On this episode, Kyle joins me to explain how he got into the personal development space and reflect on the top lessons he learned from working with legends like Jim Rohn, Zig Ziglar and Brian Tracy. He shares his best marketing principles for building a brand, discussing how tactics have changed over time but principles haven’t. Kyle walks us through an exercise for finding your secret sauce and describes the 4 things that he looks for on a website. Listen in for Kyle’s insight around building a platform and learn how to promote yourself as a multifamily real estate investor! Key TakeawaysHow Kyle got into the personal development space
The top takeaways Kyle learned from Jim Rohn
Kyle’s marketing principles for building a brand
How marketing tactics have changed over time
What Kyle wants to see on a website
Kyle’s favorite lessons from his newsletter
Why Kyle came out of retirement
How to find your own secret sauce
The challenge around putting yourself out there
Connect with Kyle WilsonResourcesUganda Counseling and Support Services Passionistas: Tips, Tales and Tweetables from Women Pursuing Their Dreams by Erika De La Cruz et al. |
Mon, 14 October 2019
Most of us would really like to live a life of purpose. Problem is, working a traditional W-2 job can take all the good out of you. We come home exhausted and have little bandwidth left for our families, so the idea of serving others seems totally out of reach. But what kind of impact could you make if your living expenses were covered? What if you had the time freedom to pursue a meaningful life? What if multifamily real estate investing could get you there in three years? Drew Whitson is a full-time real estate investor with a portfolio of 1,000-plus units in five states. He also happens to run The Michael Blank Investor Incubator, serving as a mentor and coach to help aspiring multifamily investors do their first apartment building deal. Drew spent 16 years working in corporate finance before leaving his W-2 job at a boutique investment banking firm in early 2018 to focus exclusively on his real estate career. On this episode, Drew joins me to explain how achieving financial freedom has given him the opportunity to pursue a meaningful life. He describes how getting laid off twice in a single year inspired him to control his own destiny by way of multifamily syndication. Drew walks us through his first few apartment building deals and discusses why buying a 32-unit property was so much easier than a fourplex! Listen in for Drew’s insight around raising money BEFORE you have a deal under contract, getting brokers to take you seriously as a newbie, and joint venturing with partners who share your vision for the future. Key TakeawaysHow financial freedom changed Drew’s life
The capacity to live a meaningful life AND work full-time
What inspired Drew to build an identity beyond his W-2
Drew’s real estate experience prior to quitting his job
What drew Drew to multifamily investing
Drew’s first multifamily real estate deals
Drew’s experience of raising money for the first time
How to raise money WITHOUT a deal under contract
How to get brokers and investors to take you seriously
How long it takes Drew’s students to get competent
The power of joint venturing in multifamily
Drew’s advice for aspiring multifamily syndicators
Connect with Drew WhitsonThe Michael Blank Investor Incubator ResourcesDave Ramsey’s Financial Peace University |
Mon, 7 October 2019
Real estate investors come in many different shapes and sizes. Some young, some older. Some with financial resources, others without. But the one thing they ALL have in common is hustle. They balance learning with DOING, taking action to achieve their dreams of financial freedom through multifamily. David Kamara was working a demanding job in management consulting, traveling as much as 48 weeks a year. In an effort to spend more time with his family, David enlisted the help of a mentor to fast-track his real estate career and closed on his first 40-unit multifamily deal in October of 2018. Within a year, David had replaced his income, and today, he has a portfolio of 247 units. He runs his own management consulting business as well as Cape Sierra Capital, an apartment building investing firm that focuses on undervalued multifamily properties in the Midwest and Southeast US. On this episode, David joins me to explain how his daughters inspired him to make time for multifamily and what he did to get started. He walks us through his first 40-unit deal, discussing how having a mentor helped get brokers to take him seriously. David also shares his experience with the Law of the First Deal, explaining how he had two more deals under contract within two months of closing! Listen in for David’s advice to aspiring multifamily investors and learn his action-oriented approach to achieving financial freedom—with or without financial resources of your own! Key TakeawaysDavid’s initial real estate goals
What made David’s plan change
What inspired David’s shift to multifamily
What David did to get started
What David liked about his first 40-unit deal
How David got brokers to take him seriously
David’s experience with the Law of the First Deal
David’s first multifamily syndication deal
How David found time to do real estate with a full-time job
David’s advice for aspiring multifamily investors
What David would have done without financial resources
Connect with David KamaraEmail david@capesierracapital.com Call (773) 263-2657 ResourcesThe Ultimate Guide to Buying Apartment Buildings with Private Money |
Mon, 30 September 2019
What kind of returns can a passive multifamily real estate investor expect? What if you could double your money in just five or six years? And pay little or nothing in the way of taxes? Jan Larson spent 25 years in the high-stress world of semiconductor development, most recently working for Amazon. He had always been interested in real estate investing but did not want to deal with 3AM phone calls about clogged toilets. Five years ago, a colleague introduced him to a passive investing opportunity, and Jan was hooked. Today, he has invested in 28 multifamily deals involving 34 properties, and in January, Jan had enough passive income to quit his job. On this episode, Jan joins me to discuss how his life has changed since he quit his job through passive investing in multifamily. He explains how living through the stock market meltdowns in 2000 and 2008 inspired him to diversify with apartment buildings, describing what he loves most about multifamily and sharing the returns passive investors can expect. Listen in for Jan’s advice on how to get started with passive investing and learn how he evaluates deals based on the sponsor and the submarket! Key TakeawaysHow Jan’s life has changed since he quit his job
How Jan got started with passive investing
Why Jan chose real estate over the stock market
What Jan loves about passive investing in multifamily
What allowed Jan to invest in 28 deals in 5 years
How refinancing a property benefits passive investors
The returns a passive investor can reasonably expect
Jan’s insight around the tax benefits of multifamily
What Jan looks for in a multifamily deal
Jan’s advice for aspiring passive investors
Jan’s top takeaway for potential passive investors
Connect with JanEmail jan.a.larson@gmail.com ResourcesWhat’s the Best Investment: The Stock Market or Real Estate? |
Mon, 23 September 2019
As multifamily investors, we’re all looking to build wealth and achieve financial freedom. The scary part is, we don’t have control over how much our money is worth. And as our government continues to print money with wild abandon and accumulate massive debt, the value of the US dollar declines. Yes, we’re smart to invest in physical assets like real estate to hedge against this kind of currency devaluation. But is there something else we could be putting our money in as an insurance policy of sorts? Something that increases in value as paper assets decline? Dana Samuelson is the President of American Gold Exchange, a leading precious metals and rare coin company. A professional numismatist since 1980, Dana has been involved in a billion dollars’ worth of precious metals transactions. Brien Lundin serves as host of the New Orleans Investment Conference and Executive Editor of the Gold Newsletter, the oldest precious metals advisory in the world. With 40 years of experience, Brien is an expert in precious metals and mining share markets as well as the economic and geopolitical issues that impact them. On this episode, Dana and Brien join me to explain why the average real estate investor should consider adding precious metals to their portfolio. They describe how gold serves as a counterbalance to paper assets and warn us about the accelerating devaluation of US currency. Dana and Brien also discuss the outlook for gold in the current economic climate, offering insight around the relationship between interest rates and the value of precious metals. Listen in to understand the process of buying gold and find out why it should be a part of your overall investment strategy! Key TakeawaysDana’s extensive background and experience
Brien’s extensive background and experience
Why real estate investors should care about gold
Brien’s insight around currency devaluation
The outlook for gold in the current economy
How interest rates impact the value of gold
The 3 ways to buy gold and other precious metals
When to invest in paper vs. physical gold
The process of buying and selling physical gold
Brien’s top takeaway around investing in gold
Dana’s top takeaway around investing in gold
Connect with DanaEmail info@amergold.com Connect with BrienNew Orleans Investment Conference ResourcesProfessional Numismatists Guild Investor’s Guide to Gold & Silver |
Wed, 28 August 2019
Too many aspiring real estate investors never take action because they’re waiting for the right time, or they’re holding off until they know EVERYTHING about multifamily. Spoiler alert: That’s never going to happen! So, what if you simply got prepared for the next few steps and moved forward? Mauricio Ramos is Managing Member at de Medici Group, a multifamily investment firm based in San Antonio. He specializes in acquiring underperforming assets that can be repositioned to improve the quality of life for tenants and build wealth for investors. Mauricio spent ten years as a Project Manager in the commercial construction industry before leaving to pursue real estate full-time in 2016. To date, he controls $2M in assets and has a portfolio of 234 units across Texas. On this episode of the podcast, Mauricio joins me to discuss how his life is different now that he’s a full-time real estate investor. He describes how a desire to travel inspired him to pursue passive income and explains how he got his start in mobile homes and single-family wholesaling. Mauricio also shares the impetus behind his transition to multifamily, offering advice around raising money for syndications. Listen in for creative strategies to find off-market deals and get Mauricio’s insight on taking the first step—and THEN figuring out your next move! Key TakeawaysHow Mauricio’s life is different now
Mauricio’s background and experience
What inspired Mauricio to pursue passive income
Mauricio’s introduction to real estate
Mauricio’s first 10-unit multifamily deal
Why Mauricio transitioned to multifamily
Mauricio’s second and third multifamily deals
Mauricio’s transition to multifamily syndications
Mauricio’s advice to aspiring syndicators
What’s next for Mauricio
Mauricio’s insight on off-market opportunities
How to proceed without a clear plan
Connect with MauricioEmail mauricio@demedicigroup.com Multifamily: Invest Differently on Meetup ResourcesRich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss National Real Estate Investor Association Driving for Dollars on the App Store Driving for Dollars on Google Play The Ultimate Guide to Buying Apartment Buildings with Private Money |
Wed, 28 August 2019
Real estate investors are cautious when it comes to implementing a short-term rental (STR) strategy because of the regulatory uncertainty in the space and the extra expense of hotel taxes. But what if we could enjoy the benefits of an Airbnb model WITHOUT the uncertainty or the extra expense? Al Williamson leverages an extended-stay strategy targeted at business travelers to 10X his net income on a small multifamily property. Al is a full-time real estate investor and Managing Partner of Easy Corporate Housing, an extended-stay STR housing solution for business travelers in Sacramento, California. He also serves as a speaker, author and mentor for investors through Leading Landlord, a platform designed to help landlords increase their income and equity. Al has developed creative strategies for growing NOI as much as 10X above a conventional landlord operation, and he shares those tactics in his books, Building Wealth with Inner City Rentals and 40 Ways to Increase the Net Income of Your Rental Property. Today, Al joins me to explain how he quit his job as a civil engineer with the cashflow from an 8-unit property in an inner-city neighborhood. He describes how he went about fixing the neighborhood and discusses what inspired him to experiment with a short-term rental strategy. Al also shares how to determine your target market and walks us through the six types of extended stay customers. Listen in for insight around the benefits of offering 30-day stays and learn how to identify an ideal property for the extended-stay STR model!
Key TakeawaysHow Al quit his job with an 8-unit class D property
How Al got started investing in real estate
Why Al purchased the 8-unit class D property
How Al went about fixing the neighborhood
What inspired Al to try a short-term rental strategy
How Al implemented a short-term rental strategy
The best areas for an extended-stay, STR strategy
Al’s advice for determining your target market
The top 6 types of extended-stay customers
Why Al only needs a few units to be successful
The ideal property for an extended-stay STR
Connect with AlResourcesBuilding Wealth with Inner City Rentals: Success the Catalytic Landlord Way by Al Williamson 40 Ways to Increase the Net Income of Your Rental Property by Al Williamson |
Mon, 19 August 2019
Advancements in technology allow us to access and analyze an incredible amount of data. But what does this mean for multifamily investors? Can we make use of tech tools to find off-market deals, for example? What if we could automate the underwriting process? How might machine learning facilitate market analysis? Raj Tekchandani is the Founder and Managing Principal at Smart Capital Management, a real estate investment firm that focuses on the acquisition and management of value-add multifamily properties. Raj brings his significant experience in tech startups to his work as a full-time investor, leveraging data analytics, machine learning and artificial intelligence to identify strategic assets in emerging markets that provide high-yield returns. Today, Raj joins me to explain how he got started in real estate, buying condos in Orlando to supplement his uncertain W-2 income. He discusses what inspired his transition to multifamily and shares his diverse experience as an active investor, passive investor, and capital raiser for syndication deals. Listen in for Raj’s assessment of the available tech tools for real estate and learn how he quit his job in startups to become a data-driven multifamily investor! Key TakeawaysWhat inspired Raj’s interest in real estate
How Raj got started in real estate
Raj’s transition to multifamily
Raj’s first multifamily investment
How Raj got into passive investing in multifamily
Why Raj decided to quit his job and do real estate full-time
What Raj is working on now
The tech tools for real estate Raj is exploring
How Raj educates new real estate investors
What Raj looks for in a multifamily operator
Connect with RajEmail raj@smartcapitalmgmt.com Data Driven Multifamily Investing Facebook Group ResourcesWhat’s the Best Investment: The Stock Market or Real Estate? |
Thu, 8 August 2019
Are you settling for good enough? It’s easy to get comfortable with the way life is going and let complacency set in. But if you really want to achieve greatness, you’ve got to get comfortable being uncomfortable. Whether it’s your personal development OR your multifamily portfolio, meaningful growth happens OUTSIDE your comfort zone. Andrew Kuhn is the founder and CEO of Kuhn Real Estate, a multifamily investment firm and property management company based in the Greater Detroit Area. He spent the last 14 years in a highly compensated medical device sales role before quitting his job just one month ago to pursue investing full-time! Andrew has been involved in real estate since 2006, building a robust single-family portfolio of 76 rentals. He transitioned to multifamily two years ago and has already closed six deals totaling 281 units. Andrew also serves as a mentor with us through the Michael Blank Investor Incubator. Today, Andrew joins me to discuss his decision to quit a lucrative W-2 job and explain how he’s becoming a servant leader now that he’s achieved financial freedom. He describes what lights him up about mentoring new investors and shares some of his most influential teachers in the personal development and real estate space. Listen in for Andrew’s methodology around learning something new and find out what’s inspiring him to scale his multifamily portfolio to 20K units! Key TakeawaysAndrew’s path to full-time investing
Why Andrew struggled with the decision to quit his W-2 job
Andrew’s last day at his 9-to-5 job
How Andrew’s life has changed since he quit his W-2
What lights Andrew up about teaching others
Some of Andrew’s most influential mentors How Rich Dad Poor Dad influenced Andrew
Andrew’s methodology for mastering something new
Andrew’s key takeaways from Deal Maker Live
What Andrew would do differently if he could go back
How Andrew is working to grow right now
Andrew’s top AHA moments
Connect with AndrewEmail andrew.kuhn@kuhnrealestate.com ResourcesSeven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire by Michael Masterson Rich Dad’s CASHFLOW Quadrant: Guide to Financial Freedom by Robert T. Kiyosaki Building Wealth One House at a Time: Making it Big on Little Deals by John W. Schaub The Second Mountain: The Quest for a Moral Life by David Brooks |
Thu, 8 August 2019
Good deals are so hard to find right now! That’s become a common complaint among real estate investors in recent months, but I’m not convinced it’s true. In fact, if you’re willing to hustle and approach brokers with a service-first mindset, it’s fairly easy to find off-market multifamily deals. Logan Freeman is a commercial real estate agent, investor, developer and capital raiser. He is also the founder of LiveFree Investments, a Kansas City firm specializing in joint ventures and equity partnerships that provides strong returns on capital from secure investments. Logan got his start in real estate doing a live-in flip back in 2013, and since then, he has completed 80-plus transactions and earns $13M for his investors annually. Today, Logan joins me to explain why he was dreaming about real estate—even as he was being drafted for the NFL! He discusses the niche he has developed representing buyers and building his own portfolio, describing how he builds credibility with brokers by solving problems and adding value. Listen in for Logan’s What if? approach to real estate networking and learn how he is hustling to find off-market deals for his clients—and himself! Key TakeawaysLogan’s path to real estate
Logan’s introduction to real estate
How Logan got started in real estate
What inspired Logan’s transition to multifamily
Logan’s status as the go-to guy when people need to sell
How Logan gets brokers to take him seriously
What Logan’s excited about moving forward
Connect with LoganResources |
Mon, 29 July 2019
If you make good money, and you want to make it work for you, passive investing in multifamily syndications may be a perfect fit. But what are the benefits of apartment investing compared to the stock market? How do you choose an operator you can trust? What happens if there’s an economic downturn? Can you really achieve financial freedom with passive investing?
Ryan McKenna is the founder of McKenna Capital, a private equity firm that helps investors build long-term wealth through value-add multifamily, self-storage and manufactured home park investments. Ryan has invested in 30-plus real estate and business syndications worth more than $600M, and his current portfolio includes 7,800 units in markets across the country. Ryan’s role at McKenna Capital involves overseeing acquisitions, capital raising efforts, investor relations and asset management.
Today, Ryan joins me to explain why he chose the path of passive investing and discuss what drew him to multifamily over other investment options. He shares the generous tax benefits of multifamily syndications, offering a high-level overview of how to leverage the cost segregation analysis to accelerate depreciation. Listen in for Ryan’s insight on how to vet an operator and learn how to put your money in motion and achieve financial freedom as a passive investor!
Key Takeaways
How Ryan got started in real estate
Why Ryan chose passive over active investing
Why Ryan chose multifamily over other investment options
The beauty of the multifamily cash out refinance
A high-level overview of the cost segregation study
Ryan’s advice for aspiring passive investors
How Ryan vets a multifamily operator
Ryan’s insight on waiting until after a downturn
Ryan’s timeline to financial freedom for passive investors
How Ryan’s life has changed now that he’s financially free
Ryan’s transition from passive to active investing
Connect with Ryan
Resources
Deferred Sales Trust on ABI EP166
What’s the Best Investment: The Stock Market or Real Estate?
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki
Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank
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Fri, 26 July 2019
A jack of all trades is the master of none, right? We’ve been taught that it’s best to drill down on investment strategy and beware of shiny objects. But Adam the Brit has a slightly different philosophy. He believes that it’s important to establish multiple income streams across several different asset classes, taking advantage of opportunities to trade real estate and generate lump sums of cash quickly—that he can then use to expand his buy-and-hold portfolio and increase his flow of passive income.
Adam the Brit is a season real estate investor with experience in nearly every asset class, including single- and multifamily flips, value-add multifamily syndications, multifamily buy-and-holds, ground-up construction, and triple net lease retail deals. He has invested all over the world, from Asia to Europe to the US, and his current focus in on syndicating shopping centers and doing multifamily flips in low cap markets.
Today, Adam the Brit joins me to discuss why he got into (and out of!) multifamily buy-and-holds. He explains why he transitioned to retail and weighs in on the benefits of the triple net lease option. Adam the Brit also shares how he fared in the recession, describing how he came upon the buy in bulk, short-term hold and flip strategy he leveraged between 2009 and 2014. Listen in for insight around what differentiates the US real estate market and learn how Adam the Brit complements his primary investment strategy with a variety of opportunities!
Key Takeaways
How Adam the Brit got into real estate
When Adam the Brit got into multifamily
Why Adam the Brit chose to invest in multifamily
How the US market differs from others around the world
Why Adam the Brit got out of multifamily
The benefit of the triple net lease option
How Adam the Brit fared during the recession
What Adam the Brit would do differently
Adam the Brit’s primary strategy today
Adam the Brit’s multifamily flip strategy
Adam the Brit’s advice for aspiring real estate investors
Connect with Adam the Brit
Email adam@adamthebrit.com
Resources
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki
The Art of the Deal by Donald J. Trump with Tony Schwartz
Michael’s Ultimate Guide Course
Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank
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Wed, 17 July 2019
Once you get a multifamily deal under contract, the clock starts ticking. You have limited time to raise capital, so it’s super-important that you’ve already built relationships with potential investors and have a database to call on. But how do you transition from simply talking to people about the opportunity to invest with you to building a formal pipeline of truly interested investors?
Kyle Mitchell is Managing Partner at Limitless Estates, a multifamily firm investing in the Phoenix and Tucson markets. He started investing in single-family in 2015, building a $1M portfolio of nine properties in Illinois, Ohio and Arkansas, before quitting his W-2 job to pursue multifamily in 2018. Within two months of going all-in on apartment buildings, Kyle landed a 42-unit deal, and he is currently negotiating a $15M 128-unit deal. Kyle is also the host of the Passive Income Through Multifamily Real Estate Investing Podcast.
Today, Kyle joins me to explain his decision to quit his 9-to-5 before he had a multifamily deal, discussing the benefits of going full-time and the way he got brokers to take him seriously. He shares the details of his first multifamily syndication, describing how he raised $1M in 60 days and why he had to switch lenders late in the process. Listen in for Kyle’s advice around finding a mentor and building your team—and get his blueprint for building an investor database for multifamily syndications!
Key Takeaways
Why Kyle quit his job before he had a multifamily deal
How Kyle and his wife’s goals were in alignment
Kyle’s insight on the benefits of going full-time
How Kyle got brokers to take him seriously
Kyle’s first multifamily deal
When Kyle started raising money
How Kyle built his investor database
How Kyle overcame objections re: lack of track record
Kyle’s insight on the Law of the First Deal
Kyle’s advice for aspiring multifamily investors
Kyle’s blueprint for following in his footsteps
Connect with Kyle
Passive Income Through Multifamily Real Estate Investing Podcast
Email kmitchell@limitless-estates.com
Resources
Uganda Counseling and Support Services
Michael’s Ultimate Guide Course
Syndicated Deal Analyzer and Sample Deal Package
Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank
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Mon, 15 July 2019
If you’ve got money to invest, you’ve got a lot of options. So, what are the pros and cons of the stock market? Single family homes? Multifamily syndications? What’s the difference between active and passive investing? And how will the predicted market correction impact each of these opportunities? Bronson Hill is the Director of Investor Relations at Nighthawk Equity, the investing arm of the Michael Blank organization. Bronson started investing in real estate 13 years ago, building a strong single-family portfolio before he transitioned to multifamily. Now, Bronson is the General Partner for 225 units, and he is passionate about sharing the benefits of passive investing in multifamily syndications. Today, we switch things up and Bronson interviews me about the options available to passive investors. I weigh in on the downside of investing in the stock market, explaining why the actual return is much lower than what your financial advisor tells you! We also cover the advantages of investing in multifamily syndications, including the below-average risk and extraordinary tax benefits. Listen in for insight around the potential market correction everyone is talking about and learn what we do at Nighthawk Equity to protect our investors from the possibility of a downturn.
Key TakeawaysThe disadvantages of investing in the stock market
The downside of investing in single-family homes
The advantages of multifamily syndications
Active vs. passive investing in multifamily
The market outlook for multifamily
How to protect yourself from a market correction
Connect with BronsonEmail bronson@nighthawkequity.com Resources |
Tue, 9 July 2019
Adding value to a multifamily property is what allows us to raise rents and earn a solid ROI. But how do we choose a contractor? As owners, how active should we be in managing the construction itself? What is the property manager’s role in a construction project? How do we know what amenities work in a particular market—and what they’re worth to renters? Ira Singer is the Principal at Mosaic Construction, a design-build industry leader based in Northbrook, Illinois. Mosaic provides best-in-class renovation, remodeling and building services for multifamily, residential and commercial property owners and managers. Marc Rutzen is the CEO of Enodo, a machine learning platform that analyzes multifamily investments and calculates the ROI on value-add amenities. Today, Ira and Marc join me to discuss the ins and outs of doing a value-add multifamily deal. Ira explains how the owner, property manager and contractor work together on a large-scale construction project, sharing the integral role communication plays in the process. Marc describes how amenity pricing varies by market and weighs in on the trend to offer services like pet daycare and credit card payments. Listen in for insight around making value-add choices that will allow you to increase rents, decrease operating costs, and boost your ROI overall! Key TakeawaysThe role a construction company plays in acquiring property
The owner’s role in overseeing a construction project
The property manager’s role in a construction project
How to approach large-scale value-add projects
Ira’s advice on hiring and managing a contractor
What construction gone wrong looks like
Ira’s insight around how to increase ROI
Ira’s tips for reducing expenses on a property
How amenity pricing varies by market
The trend toward offering services
Connect with IraConnect with MarcResources |
Tue, 2 July 2019
A lot of aspiring investors hesitate to leave the security of a high-paying job to pursue real estate. And very few are brave enough to quit their 9-to-5 and go all-in on multifamily investing without a few deals to their credit and the cashflow to cover their living expenses. Burning the boats is not for everyone, but Jerome Myers had a financial runway, and he’d had it with corporate America. So, he walked away from a six-figure engineering position to make his dreams real. Jerome is the Managing Director of The Myers Development Group, a real estate investment firm on a mission to build a portfolio of 1,000 units and free 100 people from work they aren’t passionate about. Jerome quit his corporate job to pursue real estate in 2017, and since then, he has joint ventured on several multifamily deals and is in the process of syndicating a 112-unit development deal in Greensboro, North Carolina, known as Technology Row. He is also the Chief Inspiration Officer for Dreamcatchers, a podcast featuring ordinary people doing extraordinary things. Today, Jerome joins me to explain what motivated him to quit his corporate job and go all-in on multifamily—before he’d done a single deal! He shares his struggle to land that first property with no track record and offers insight into his experience with the phenomenon I call The Law of the First Deal. Jerome also describes the differences between joint venturing and syndicating, discussing why he prefers partnering but understands the need to engage LPs as you scale. Listen in for Jerome’s advice around leveraging a coach to fast-track your success and get inspired by his ‘dreams should be real’ philosophy for pursuing what you love. Key TakeawaysWhy Jerome quit his job before he had a deal
Jerome’s struggle to land his first multifamily deal
How Jerome finally landed his first apartment deal
Jerome’s experience with The Law of the First Deal
Jerome’s second multifamily deal
Jerome’s advice around partnering
The difference between partnering and syndicating
Jerome’s ‘dreams should be real’ philosophy
Jerome’s advice for aspiring multifamily investors
Jerome’s insight on ‘burning the boats’
Connect with JeromeResources |
Fri, 28 June 2019
Don’t think you have the time to start investing in multifamily? Anna Kelley is a wife and mother of 4 who worked a demanding full-time job AND built a real estate portfolio on the side, working 82 hours a week for nearly 5 years. She argues that sacrificing your time for a couple of years to buy yourself decades of financial freedom is well worth it. But you’ve got to be willing to take consistent action—even when it’s hard. Anna is a seasoned real estate investor with a rental portfolio valued at $12.5M. She is also an Amazon bestselling author and sought-after speaker in the realm of buy-and-hold investing, creative financing, vacation rentals, women in real estate, and multifamily investing. Anna has coached several new investors through their first deal, and she is dedicated to educating others on the benefits of multifamily real estate investing. Today, Anna joins me to discuss how she executed on a 5-year plan to quit her job with real estate investing. She shares her new emphasis on work-life balance, explaining how she is still working hard but making time to focus on her health and family. Anna also offers insight on why she struggled with the decision to quit her job and how that uncertainty inspired her to joint venture and scale up. Listen in for Anna’s advice around finding partners with complementary skills and learn how to MAKE the time to achieve financial freedom! Key TakeawaysHow Anna’s life has changed since quitting her job
Anna’s new emphasis on work-life balance
Why Anna questioned the decision to quit her job
How Anna got started investing in real estate
Anna’s five-year plan to replace her income
Anna’s decision to scale up to larger multifamily properties
Anna’s investing advice for her younger self
Anna’s strategic approach to syndicating deals
Anna’s advice around joint venturing
Anna’s insight for aspiring multifamily investors
Anna’s response to the lack of time argument
How Anna got through the difficult times
Connect with AnnaCreating Wealth Facebook Group ResourcesKyle Wilson’s Inner Circle Mastermind Turn Your Setbacks into Comebacks by Rick McDaniel Grant Cardone on School of Greatness EP802 |
Thu, 20 June 2019
The beautiful thing about achieving financial freedom is that it gives you the means to give back. Of all the investors I know, the majority who quit their jobs with multifamily go on to pursue a greater purpose, using real estate as a vehicle to make other’s lives better. Reed Goossens is a real estate entrepreneur and Managing Partner of Wildhorn Capital. He moved to the New York from his native Australia in 2012, and since then, Reed has grown a portfolio of 1,100 multifamily units. He has been involved with $500M-worth of large-scale commercial construction and development projects in Australia, the UK and the US. Reed is also the host of the Investing in the US podcast and author of Investing in the US: The Ultimate Guide to US Real Estate. Today, Reed joins me to discuss how his life is different now that he’s financially free and why he’s using the platform he created through real estate to raise cancer awareness. He also weighs in on the difference between productivity and activity, offering insight around the best use of your time as a syndicator and the value in firing yourself from repetitive or administrative tasks. Listen in to understand how Reed’s definition of success has changed to focus on his evolution as an entrepreneur and learn the #1 factor that helped him build a substantial multifamily portfolio! Key TakeawaysReed’s mom’s inspiring advice
Reed’s journey to financial freedom
Reed’s insight on productivity vs. activity
The best use of your time as a syndicator
Reed’s first hires as a multifamily investor
The activities that Reed categorizes as ‘black time’
How Reed’s definition of success has changed over the years
Reed’s mission now that he’s achieved financial freedom
The #1 factor in building Reed’s 1,100-unit portfolio
Reed’s advice for building a successful brand
How Reed is building a multifamily business ecosystem
Connect with ReedInvesting in the US: The Ultimate Guide to US Real Estate by Reed Goossens Resources |
Fri, 31 May 2019
The 1031 Exchange is the best-known way to defer capital gains on the sale of a property. The problem for syndicators is getting ALL of your limited partners on board—which is next to impossible. So, what do you do if several LPs want to cash out but the rest are looking for an option to defer? The Deferred Sales Trust may just be the perfect solution. Brett Swarts is the CEO of Capital Gains Tax Solutions, a firm dedicated to helping clients leverage the Deferred Sales Trust as a tool to overcome capital gains tax deferral limitations. He is also an experienced commercial real estate broker and investor, boasting $85M in closed transactions and a portfolio of multifamily, senior housing, retail, medical office and mixed-use properties. With more than 12 years of experience in the brokerage industry, Brett is committed to helping people create and preserve wealth and educating HNWI around capital gains tax deferral via the Deferred Sales Trust. Today, Brett joins me to discuss the options we have for deferring taxes on the sale of a property, the 1031 Exchange and the Deferred Sales Trust. He shares the problems associated with the 1031, including the 180-day deadline, the pressure to buy a new property, and the challenge of getting all the investors in a syndication to agree. Brett goes on to explain the fundamentals of the Deferred Sales Trust as an alternative, describing how the process works and its benefits in terms of timelines and customizability. Listen in to understand the costs associated with the DST versus the 1031 Exchange and learn how to choose between the two—and avoid paying capital gains taxes! Key TakeawaysBrett’s path to founding Capital Gains Tax Solutions
The mechanics of the 1031 Exchange
The penalty for not meeting 1031 deadlines
The downside of the 1031 Exchange
The fundamentals of the Deferred Sales Trust
How you use the funds in a Deferred Sales Trust
The advantages of utilizing a Deferred Sales Trust
What to do if your investors are divided re: a 1031 Exchange
When to choose a 1031 Exchange vs. the DST
The costs associated with the 1031 and the DST
Connect with BrettResourcesStart with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek |
Fri, 31 May 2019
We all want to be the best version of ourselves for the people we love and lead. But most of us don’t think we can BE happy or fulfilled until we HAVE the things we want. What if we’ve got it backwards? What if we start with daily dedication to BEING a Level 10 person? What if self-development is the prerequisite for DOING what it takes to achieve our big dreams and HAVING the success we’ve always wanted? Hal Elrod is the world-renowned author of The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM), one of the highest-rated bestsellers in the world. The book has been translated into 27 languages, and Hal’s method is practiced daily by 500,000-plus people in more than 70 countries. He is also one of the top keynote speakers in the US and the creator of one of the most engaged online communities on the web. In April, Hal released his new book, The Miracle Equation: The Two Decisions That Move Your Biggest Goals from Possible, to Probable, to Inevitable. Today, Hal joins me to share his 2 near-death experiences and explain how he learned to accept the circumstances—and then commit to doing whatever it took to get the results he wanted. He walks us through the 6 elements of the Miracle Morning, discussing how the daily practice lays the foundation for becoming a Level 10 person. Hal also offers insight around the true purpose of setting goals and reveals how unwavering faith and extraordinary effort are key in reaching our big dreams. Listen in to understand Hal’s 4-step process for creating affirmations and learn how to apply the BE-DO-HAVE model to achieving financial freedom! Key TakeawaysHal’s first near-death experience
Hal’s response to the prediction he would never walk again
The 5-Minute Rule
Hal’s mission to elevate the consciousness of humanity
The 6 elements of the Miracle Morning
Why Hal wrote The Miracle Equation
Hal’s insight around the real purpose of setting goals
Hal’s mantra for developing unwavering faith
How Hal defines extraordinary effort
The 4 steps to creating effective affirmations
Connect with HalResourcesThe Miracle Morning Documentary Think and Grow Rich by Napoleon Hill |
Wed, 29 May 2019
‘Don’t be afraid. This is totally doable.’ Of all the people who are exposed to real estate on a regular basis, very few take action to become investors themselves. If awareness is not the problem, then what is? Why do so few real estate agents, for example, seek out opportunities to work with investors or partner to buy properties of their own? Why do so many of us attend REIA meetings month after month—without taking the next step? Known as The Godfather of Real Estate, Bob Helms has been investing since 1957. He became a practicing broker in 1980 and spent 18 years working as a father-son team with his son, Robert, of Real Estate Guys fame. In his long and storied career, Bob has owned, managed, bought and sold hundreds of properties. He has been a top-producing agent, respected managing broker, and mentor to hundreds of leading agents and investors. Bob is a regular contributor to Real Estate Guys Radio and a featured speaker at the annual Summit at Sea. He is also the author of Be in the Top 1%: A Real Estate Agent’s Guide to Getting Rich in the Investment Property Niche. Today, Bob joins me to discuss why agents don’t invest in real estate themselves, explaining how the lack of role models for realtors inspired him to write Be in the Top 1%. He describes how he became an accidental real estate investor and shares the story of Bob’s Big Boo-Boo, a 50-unit deal that he failed to optimize. Listen in for Bob’s insight around becoming an investment property specialist and learn how you can easily become an investor yourself—with the right education and a little self-belief! Key TakeawaysHow Bob became The Godfather of Real Estate
Why agents don’t invest in real estate themselves
How Bob got into real estate investing
What it was like to work with Robert as a father-son team
What inspired Bob to write Be in the Top 1%
The key to becoming an investment property specialist
Bob’s top takeaways from Be in the Top 1%
How agents can best serve real estate investors
Connect with BobResourcesThe 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss Equity Happens: Building Lifelong Wealth with Real Estate by Robert Helms and Russell Gray |
Wed, 15 May 2019
Most of us don’t see ourselves as salespeople. We believe you have to be an attack dog to do well in sales, and that’s just not us. But according to Blair Singer, we can make a lot of money just being ourselves. In fact, there are several different kinds of Sales Dogs, and we can all learn to sell—and do it well—by managing that little voice in our heads and playing to our strengths. And frankly, sales is a fundamental part of any business, including real estate investing. Blair is the Rich Dad Sales Advisor and Chief Leadership Engineer at Blair Singer Companies. An expert in sales and leadership mastery, Blair has helped tens of thousands of people significantly increase their sales and income in just six weeks. He is a sought-after keynote speaker, presenting to corporate and public audiences in 35 countries on the topics of personal and professional development. Blair is also the bestselling author of Sales Dogs: You Don’t Have to Be an Attack Dog to Be Successful in Sales and Little Voice Mastery: How to Win the War Between Your Ears in 30 Seconds or Less and Have an Extraordinary Life! Today, Blair joins me to explain why sales is necessary in any business and discuss the value of cultivating sales skills as a real estate investor. He shares the five types of Sales Dogs, describing how we can overcome the fear of rejection and make money just being ourselves. Blair also offers insight on managing the little voice in your head, learning to be authentic, and playing to your strengths—rather than trying to overcome your weaknesses. Listen in to understand how to win the ‘war between your ears’ and learn why the most important sale is YOU selling YOU to YOU! Key TakeawaysWhy Robert Kiyosaki needs a sales advisor
Blair’s 5 types of Sales Dogs
Why real estate investors need sales skills
How to overcome the fear of rejection
Blair’s insight around personal development
Why it’s crucial to manage your little voice
Why people have a hard time being authentic
Blair’s advice on playing to your strengths
Blair’s take on the path to success
Blair’s steps to cultivating confidence
Connect with BlairSales Dogs: You Don’t Have to Be an Attack Dog to Be Successful in Sales by Blair Singer Team Code of Honor: The Secrets of Champions in Business and in Life by Blair Singer Resources |
Wed, 15 May 2019
Close your eyes and imagine for a moment how it would feel to quit your W-2 job. Imagine having the freedom to control your own time—and financial destiny. Imagine having the passive income to cover your expenses and provide for your family long-term, without being stuck in those golden handcuffs. If you’re dreaming of handing in a letter of resignation, then multifamily real estate investing may offer the ideal solution. Danny Randazzo is an author, entrepreneur and full-time real estate investor. He has a background as a financial consultant, advising multibillion-dollar companies in improving revenue performance, but Danny’s ambition to achieve financial freedom led him to move from the Bay Area to Charleston, South Carolina, and build an impressive real estate portfolio with his wife, Caitlin. Now, Danny and his team control $130M in multifamily properties across the country, and he is focused on helping others invest passively in apartment buildings. Today, Danny joins me to discuss his transition from W-2 employee to full-time real estate investor. He reflects on his decision to move to a market ripe for growth and the impetus behind his pivot to focus fully on multifamily. Danny also offers advice around raising money for syndications, ensuring alignment of interests with potential partners, and leveraging joint ventures to scale your business. Listen in for insight on making the decision to quit your job and pursue real estate full-time and learn why multifamily is the most direct route to financial freedom! Key TakeawaysHow Danny feels about quitting his job
Danny’s transition from employee to full-time investor
How Danny got into real estate
Danny’s pivot to focus on apartment buildings
Danny’s guidance around raising money for deals
The benefits of passive investing in multifamily
The role of joint ventures in scaling your business
Danny’s top real estate lessons learned
Danny’s advice for aspiring investors on quitting your job
What Danny is excited about moving forward
Connect with DannyThe Boy Who Lost His Wallet (Wealth Lessons for Kids) by Danny Randazzo Resources |
Mon, 13 May 2019
There are a number of different ways to get your multifamily investing career off the ground. You might choose to buy a small property with your own money or learn the business as a passive investor in a syndication. You could take on the role of syndicator and partner with an experienced team or get in the game as a capital raiser. So, what are the benefits to each of these strategies? Which approach provides the quickest route to financial freedom? And how can you leverage the power of joint ventures to invest in bigger deals early on? Jens Nielsen is the principal at Open Doors Capital, a private equity firm out of Durango, Colorado, that helps people passively invest in real estate. In just three years, he has raised nearly $1M for multifamily deals and invested in 800-plus apartment units. Jens has a talent for assessing risk and assembling the right team to renovate and operate multifamily properties, and he has utilized a variety of strategies to build an impressive portfolio—while working a full-time job in IT. Today, Jens joins me to explain how his lack of faith in the stock market led him to develop an entrepreneurial mindset and become a multifamily investor. He walks us through his journey and each of the strategies he utilized, from buying a fourplex on his own to a seller financing deal to raising capital for syndications. Listen in for Jens’ insight around the benefits of getting started through passive investing and learn his unique approach to raising money by way of a joint venture! Key TakeawaysJens’ path to multifamily investing
How to develop an entrepreneurial mindset
Jens’ first real estate deal
How everyone wins in a seller financing deal
Jens’ 38-unit joint venture deal
The roles and responsibilities of Jens’ team
How to shift into the role of raising money for deals
The advantages of investing in a multifamily syndication
Jens’ advice for aspiring real estate investors
How to prepare for the role of raising capital for multifamily
Connect with JensEmail jens@opendoorscapital.com Resources |
Fri, 3 May 2019
Three years ago, I met the legend Robert Kiyosaki on The Real Estate Guys Summit at Sea. Of course, I knew him from his bestselling books about investing and personal finance, so I was taken aback by the spiritual language he used in his presentation. When I asked him about it, Robert said, “Of course. I’m a Marine.” Why does Robert credit the military for his spiritual discipline? And how has spirituality become a priority in his life and work? Robert Kiyosaki is an entrepreneur, investor, educator and bestselling author of the #1 finance book of all time, Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not. His perspectives around money and investing run contrary to conventional wisdom, earning Robert a reputation for straight talk as a passionate advocate for financial education. A prolific writer, Robert’s latest release is called FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer. Today, Robert joins me to explain how he learned spiritual discipline in the Marine Corps and contrast that with the business world where the only mission seems to be money. He discusses the importance of spirituality in his life and work, describing his calling to teach financial literacy where the corrupt education system has failed. Listen in for insight around the themes in Robert’s new book and learn to identify fake assets, fake educators and fake currency! Key TakeawaysHow Robert learned spiritual discipline in the US Marine Corps
Why spirituality is important to Robert
The themes included in Robert’s new book Fake
Connect with RobertCashflow Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. Kiyosaki Resources |
Tue, 30 April 2019
The real world is not HGTV. If you are a high-earner looking to get into the real estate game, it is important to understand just how much work is involved in being an active investor. There is a lot of competition in the space, and good deals are hard to find. Add to that the complexities of managing a rental portfolio, for example, and the headache may seem like more than it’s worth. But why work harder than necessary to make less than you could? You can take advantage of all the benefits of commercial real estate investing as a passive investor, letting an expert handle the minutiae while you reap the rewards. Paul Moore is the Founder and Managing Director at Wellings Capital, a commercial real estate investment firm that focuses on self-storage, mobile home parks, and multifamily property. Paul has 18 years of experience in real estate: He has flipped 50-plus homes and 25 high-end waterfront lots, appeared on HGTB’s House Hunters, rehabbed and managed rental properties, built new homes, and developed a subdivision. Paul is also the author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing and cohost of the wealth-building podcast How to Lose Money. Today, Paul joins me to discuss the advantages of commercial real estate over stocks, bonds and mutual funds. He shares the challenges of being an active investor, explaining why high-earning professionals might be happier as passive investors in commercial assets like apartment buildings, self-storage facilities, or mobile home parks. Paul also offers insight around the commercial value formula, describing how operators can force appreciation with simple strategies to increase a property’s income or compress its cap rate. Listen in to understand the extraordinary tax advantages of multifamily real estate and learn what makes commercial investing an attractive option for high-net-worth individuals looking for a consistent return and minimal risk profile. Key TakeawaysThe pros and cons of stocks, bonds + mutual funds
The pros and cons of commercial real estate
The challenges of being an active investor
The commercial value formula
Simple things operators can do to increase income
Simple things operators can do to compress the cap rate
The tax advantages of commercial real estate investing
Wellings Capital’s strategy moving forward
Connect with PaulResources10 AMAZING Tax Benefits for Real Estate Investors Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright |
Tue, 23 April 2019
Are you using your IRA to invest in a multifamily syndication? Then brace yourself for an unexpected tax bill when the asset sells. If, on the other hand, you’d prefer not to owe the IRS for Unrelated Business Income Tax (or UBIT), it’s time to consider a Qualified Retirement Plan (or QRP) that gives you more control over your money and makes it much easier to invest in real estate! Damion Lupo is a real estate investor, serial entrepreneur, and high-profile financial consultant. He founded Total Control Financial in 2010 to help people achieve financial freedom. He is committed disrupting Wall Street and empowering Main Street with the tools and teachings of financial transformation. In the last 25 years, Damion has launched and owned 40-plus companies, including a venture capital firm, an insurance agency, and more than a dozen real estate investment and development operations. He is also the author of QRP Book: How to Get Checkbook Control of Your 401(k) & IRA Money Now. Today, Damion joins me to explain why the current retirement system is broken and discuss the problem with using your IRA to invest in multifamily real estate. He walks us through the fundamentals of UBIT, describing how you can be blindsided by a BIG tax bill when an asset sells. Damion also offers insight around the alternative to the IRA that is exempt from UBIT, the QRP. Listen in to understand the multiple benefits of the QRP as a retirement vehicle—and learn how to regain control of your retirement savings AND maximize your profits as a multifamily investor. Key TakeawaysWhy the retirement system is broken
The shortcomings of the 401(k)
The problems with the IRA
The fundamentals of UBIT
How to avoid UBIT
The benefits of the QRP
Short- vs. long-term real estate investments
When it’s worth it to get a QRP
Connect with DamionQRP Book: How to Get Checkbook Control of Your 401(k) & IRA Money Now by Damion S. Lupo
Resources |
Fri, 12 April 2019
So, you want to achieve financial freedom with real estate investing, but you’re a busy person with a demanding job and a lot of responsibility. You don’t have time to learn the ins and outs of putting together an advisory team, finding a good deal, or making decisions about the financing and management of a property. The fact is, you can STILL enjoy the benefits of real estate investing by becoming a passive investor in a multifamily syndication! Doug Marshall is the founder and president of Marshall Commercial Funding, a firm dedicated to helping clients get the best possible financing for their rental properties. Doug has 36 years of experience as a mortgage broker, and he received his CCIM designation in 1999. His journey into passive investing began 10 years ago, and to date, he has invested in 11 properties—8 of which were apartment buildings. Doug is also the author of Mastering the Art of Commercial Real Estate Investing: How to Build Wealth & Grow Passive Income from Your Rental Properties. Today, Doug joins me to discuss how he achieved financial freedom through passive investing in commercial real estate. He describes the difference between an active and passive investor, sharing his goals as a passive investor and the characteristics of an ideal candidate for passive investing. Doug also offers insight around his preference for multifamily over other asset classes and explains how to calculate the amount you need to invest for a particular cash-on-cash return. Listen in to understand the incredible tax benefits of real estate investing and get Doug’s take on the #1 thing passive investors should consider before handing their money over to a syndicator. Key TakeawaysDoug’s path to financial freedom with passive investing
The difference between active and passive investing
Why Doug prefers multifamily over other asset classes
The advantages of multifamily real estate investing
Doug’s goals as a passive investor in multifamily
The ideal candidate for passive real estate investing
How to calculate the right amount to invest for retirement
The cash-on-cash return Doug looks for in a property
The most important considerations for passive investors
Connect with DougResources |
Tue, 2 April 2019
The vast majority of real estate investors were blindsided by the crash in 2008. And with many economists warning that we’re headed toward another downturn, it is prudent to take off our rose-colored glasses and move forward with an eye to the broader economic picture. It is crucial for multifamily investors to study the markets, identify trends and consider the economy’s impact on our investments—and the people who rent from us. Robert Helms is the founder and host of Real Estate Guys Radio, a media platform dedicated to helping investors stay focused, motivated and informed. He has a wealth of experience teaching Landlord Boot Camp for newbie residential investors as well as college-level real estate courses. Robert also spent 18 years working in a real estate brokerage where he became a top producer and refined his skills in marketing, negotiating and relationship management. Now, Robert is a professional real estate investor and developer with a portfolio that spans eight states and five countries. Today, Robert joins me to share a high-level overview of The Real Estate Guys’ recent Summit at Sea. He explains why it’s critical for investors to keep an eye on the economy and offers insight into what market trends we should be looking out for. Robert also discusses what he learned from the crash in 2008 and outlines his current concerns around sources of capital for multifamily investors. Listen in for a summary of the key takeaways from the Summit at Sea and find out how you can learn more from the expert faculty through The Future of Wealth and Money video series. Key Takeaways
An overview of The Real Estate Guys’ Summit at Sea
Why it’s crucial for investors to keep an eye on the economy
Robert’s insight on the current economic climate
What Robert learned from the crash in 2008
The aspects of the economy investors should watch
Robert’s insight around interest rates
The Real Estate Guys’ mission
What you can learn from The Future of Money and Wealth
Robert’s top advice for real estate investors
Connect with RobertFuture of Money and Wealth Video ResourcesThe Real Estate Guys’ Summit at Sea Dr. Doug Duncan’s Market Predictions Crash Proof: How to Profit from the Coming Economic Collapse by Peter Schiff and John Downes The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin The Real Estate Guys’ Goal-Setting Retreat Joe Quirk at The Seasteading Institute The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country by Peter Schiff |
Mon, 25 March 2019
Real estate investors have a tendency to look down on paper assets, arguing that the stock market is an ill-advised place to keep your money. We talk about the volatility of stocks and avoid paper assets like the plague, assuming that there is no way to mitigate the associated risk. But what if investing in the stock market is not so different after all? What if we could apply real estate investing strategies to stocks and generate additional cashflow? What if we could leverage paper assets to complement a multifamily portfolio and even hedge against a decline in the real estate market? Andy Tanner is the founder of The Cash Flow Academy, a platform designed to empower and inspire investors and entrepreneurs to generate their own income. An expert in the realm of paper assets, Andy has served as a Rich Dad Advisor for the last 11 years, and he is passionate about teaching in a way that is fun, simple and real. He is also the author of two must-have books, Stock Market Cash Flow and 401(k)aos. Today, Andy joins me to share the parallels between real estate investing and the stock market, explaining how to achieve cashflow in stocks via puts and calls. He discusses the best way to manage risk as an investor on the exchange and describes how the rich are able to ‘predict the future’ and make decisions that make money. Andy also offers his predictions for the short- and long-term future of the stock market and walks us through the benefits of investing in buy-and-hold real estate. Listen in for Andy’s insight on leveraging paper assets to hedge against a decline in the real estate market and learn to apply multifamily investing strategies to stocks and generate even more passive income! Key TakeawaysWhy real estate investors should appreciate paper assets
The parallels between the stock market and real estate
How to achieve cashflow through the stock market
The best way to manage risk in the stock market
How to hedge against a decline in the real estate market
How the rich go about predicting the future
Andy’s predictions around the future of the stock market
Why Andy recommends investing in real estate
The multiple profit centers available in real estate
Connect with AndyResourcesStock Market Cash Flow: Four Pillars of Investing for Thriving in Today’s Markets by Andy Tanner |
Mon, 25 March 2019
Raising capital is crucial in making a real estate syndication happen. But how do you connect with high-net-worth individuals who are interested in multifamily? And then, how do you build trust with those prospective investors? One strategy is to create quality content and design a platform around those resources, attracting passive investors by giving them access to the information they need. Annie Dickerson is the Cofounder and Managing Partner at Goodegg Investments, a firm dedicated to helping clients achieve financial freedom through passive investing in multifamily real estate. Goodegg has built a reputation for helping its investors gain access to great deals, connecting them with cashflowing real estate syndications. Annie’s strength lies in content creation, and the Goodegg platform features educational resources and a course for new investors, Passive Real Estate Investor Academy. Today, Annie joins me to describe the freedom of being a full-time multifamily investor, explaining how she overcame her fears and gained the confidence to quit her 9-to-5. She discusses how she came to realize her strengths in raising capital and educating passive investors and offers insight into how she met her cofounder and established a partnership with Goodegg. Listen in to understand why Annie chose to focus on content creation and learn how developing educational resources has helped her connect with potential investors and accelerate her business! Key TakeawaysAnnie’s transition from full-time employee to full-time investor
How Annie overcame her fear to become an entrepreneur
How Annie’s life is different now that she’s investing full-time
What gave Annie the confidence to quit her job
How Annie found her strength in raising capital
How Annie came to start Goodegg Investments with a partner
Why Annie focused on building an educational platform
How Annie’s content has served to accelerate her business
What’s next for Annie and Goodegg Investments
Annie’s advice for aspiring multifamily investors
Connect with AnnieEmail annie@goodegginvestments.com ResourcesAnnie’s Passive Investing Course |
Mon, 18 March 2019
Too many of us get to the end of our lives and ask, “Why didn’t I follow my passion?” But what if you didn’t wait? What if you asked yourself the tough questions NOW? What if you put your energy and resources into the thing that really makes you come alive? What if you took a now-or-never approach to pursuing an intentional life? Paul Nagaoka is Managing Partner at Syndicate, a commercial and multifamily real estate investing firm based in Kansas City. He draws on his background as a mortgage broker, realtor and investor to identify high-yield investment opportunities and manage risk through careful analysis and creative problem-solving. Prior to Syndicate, Paul ran his own solo real estate investing company, growing the team to 30 employees and subs with ownership in 350-plus units. Today, Paul joins me to share his approach to living an intentional life. He discusses his hiatus from real estate, explaining how the passive income from investments allowed Paul to pursue an acting career and become a celebrity in Southeast Asia! He offers insight into why he needed a break from real estate and describes how he is running his business differently now. Paul also covers the value in developing an abundance mindset and finding opportunities that others miss. Listen in for Paul’s secrets to finding off-market properties—and get his advice on getting off the sidelines and engaging in an intentional life. Key TakeawaysPaul’s hiatus from real estate
Why Paul needed a break from real estate
How Paul is running his business differently now
Paul’s insight around taking on partners
Paul’s take on living an intentional life
What inspires people to act on their passions
What Paul is excited about moving forward
Examples of where Paul sees opportunity
How Paul finds off-market deals
How to find off-market deals without a broker
Paul’s advice for aspiring multifamily investors
Connect with PaulResourcesAndrew Carnegie’s Concept of Vertical Integration Cory Boatright & Sean Terry on ABI EP151 |
Mon, 25 February 2019
In a perfect world, honest real estate investors would never have to deal with frivolous lawsuits. But we live in the real world where being sued is a very real possibility. So, how do you protect yourself so that an angry tenant cannot get to your personal assets? What kinds of insurance do you need to protect your real estate assets from an ‘outside attack’? And where should you set up a holding company to take advantage of the strongest possible asset protection laws? Garrett Sutton is a corporate attorney, asset protection expert and bestselling author with 30-plus years of experience supporting entrepreneurs and real estate investors. He serves as Rich Dad Advisor and asset protection attorney for Robert Kiyosaki and founder of Corporate Direct, a firm dedicated to supporting clients in protecting their assets, maintaining their privacy and advancing their financial goals. He has sold more than 850,000 books, including the invaluable Loopholes of Real Estate and Start Your Own Corporation. Today, Garrett joins me to explain the ins and outs of asset protection. He discusses how the LLC protects your personal assets, why it’s important to set up an LLC from Day One, and how insurance serves as your first line of defense. Garrett offers insight around entity structure, speaking to the value of setting up a Wyoming holding company with charging order protection. Listen in to understand the concept of equity stripping to further protect your real estate assets—and learn to avoid personal liability by following the four corporate formalities! Key TakeawaysWhy it’s important to set up an LLC from Day One
How the LLC protects you as an individual
The role of insurance in providing asset protection
Why Garrett recommends an umbrella policy
How to set up the best possible entity structure
The value of a charging order protection
The 4 corporate formalities
The consequences of failing to follow corporate formalities
How Corporate Direct can retroactively fix compliance issues
The concept of equity stripping
How to notify your insurance company re: title transfer
Connect with GarrettCall (800) 600-1760 ResourcesLoopholes of Real Estate by Garrett Sutton Start Your Own Corporation by Garrett Sutton |
Mon, 25 February 2019
In a climate where good deals are hard to find, off-market opportunities are key for multifamily investors. But how do you find property owners who might be willing to sell? And once you’ve tracked them down, how do you leverage marketing strategies to get their attention—and inspire them to pick up the phone and call YOU? Cory Boatright and Sean Terry are experienced single-family wholesalers in the Oklahoma City and Phoenix markets, respectively. Together, the pair stumbled into a multifamily flip that proved challenging. And though they would never do it again, Cory and Sean earned a multiple six-figure profit on the deal. Now, they are pursuing multifamily buy-and-hold as a strategy through Investing Capital Group, a firm focused on finding off-market properties for its capital partners. Today, Cory and Sean join me to explain how they got involved in a multifamily wholesale deal, discussing what they did right as well as the extreme adversity they faced in route to closing. They share their process for finding off-market deals, offering insight around the resources available for pulling lists of potential sellers and collecting their contact information. Listen in for advice on handling an influx of incoming calls and learn how Cory and Sean leverage unique marketing strategies to earn a 100% direct mail open rate! Key TakeawaysCory & Sean’s real estate resumes
How Cory & Sean stumbled into a multifamily deal
What Cory & Sean did right in their multifamily flip
Cory & Sean’s approach to finding a buyer
The challenges Cory & Sean faced in route to closing
Why the multifamily flip was successful despite the challenges
Cory & Sean’s process for finding off-market deals
How to handle the influx of incoming calls
Why you can spend more on direct mail for multifamily
Connect with Cory & SeanReal Estate Investing Profits Podcast Resources |
Mon, 25 February 2019
Imagine having the financial security to do what you love, to pursue work that brings you joy—even if that work happens to be in an unpredictable industry. Mark Hentemann began his career in entertainment as a starving artist in New York City, often wondering how he would cover rent. Now, he leverages the cashflow from real estate investments to spend his days coming up with jokes in the writer’s room, without the stress of financial instability should his show get cancelled. Mark Hentemann is a writer, voice actor and producer, working on shows like Family Guy, Bordertown and The Late Show with David Letterman. He is a two-time Primetime Emmy award-nominee for Outstanding Animated Program and Outstanding Comedy Series. In addition, Mark is an avid real estate investor, cofounding the multifamily investment company Quantum Capital, a firm focused on value-add assets in centrally located, growing neighborhoods of major metropolitan areas. To date, he has a portfolio of 185 units and earns $1M in passive income. Today, Mark joins me to explain how a desire for financial security led him to invest in a duplex soon after his move to LA. He describes the moment when he finally understood the power of real estate and speaks to the advantages of house hacking as strategy to get started. Mark also shares his belief in economies of scale, discussing how he finds deals that make sense in Los Angeles. Listen in to understand why Mark is getting into syndication and learn how you can follow in his footsteps, leveraging multifamily real estate investment to pursue the work you love! Key TakeawaysHow Mark got involved in real estate
Mark’s first real estate deal
When Mark realized the power of real estate
The advantages of house hacking
Mark’s belief in economies of scale
How real estate impacts Mark’s quality of life
Mark’s perfect day
How Mark finds deals in the LA market
Mark’s experience with syndication
Mark’s advice to aspiring multifamily investors
Connect with MarkEmail markhentemann@me.com Resources |
Wed, 13 February 2019
“I want to see the world. I want to experience life because I almost lost mine.” What if something happened and you could no longer work? How would you and your family survive? AJ Osborne found himself in that precarious position 18 months ago, but because he had sustainable passive income from real estate investing, he was able to focus on healing and continue to support his family as he recovered. Real estate saved his financial life. AJ had been leading a busy life, running his state’s largest brokerage firm as well as a real estate company when he fell ill with a disease called Guillain-Barré. It left AJ completely paralyzed and comatose, and he spent several months on life support. Since then, he has had to relearn how to walk, use his arms and communicate. Fortunately, his 1M ft2 self-storage portfolio allowed AJ to focus on healing while his passive income continued to grow. The experience inspired him to create Cash Flow 2 Freedom, a platform where AJ teaches others how to generate cashflow and achieve financial freedom. Today, AJ joins me to share the story of his battle with Guillon-Barré, explaining how the experience changed his priorities and how the passive income from his real estate portfolio sustained his family through the ordeal. He discusses what motivated him to pursue real estate investing in the first place and shares his approach to buying and managing self-storage facilities. Listen in for AJ’s insight on the difference between being rich and wealthy—and learn how to leverage real estate investing to achieve the kind of financial freedom that can save your life! Key TakeawaysAJ’s devastating health crisis
How the experience changed AJ
What became most important to AJ
How AJ’s real estate portfolio facilitated his recovery
What might have happened without real estate
How AJ got into commercial real estate
AJ’s distinction between rich and wealthy
AJ’s approach to investing in self-storage
How AJ turned around a state-owned facility
How AJ manages his self-storage facilities
The differences among small, medium and large facilities
What inspired AJ to start Cash Flow 2 Freedom
AJ’s advice for aspiring real estate investors
Connect with AJResources |
Wed, 6 February 2019
As a multifamily syndicator, one of your most important responsibilities lies in building long-term trust with investors. And when you are dealing with a handful of high-net-worth individuals, it is fairly easy to keep track of who has committed to a deal, signed the appropriate documents and wired their money. As you scale your real estate business, however, it becomes increasingly challenging to communicate consistently and manage larger and larger numbers of investors. But it can be done by automating your workflow process. Josiah Mann is the founder and CEO of Investor Deal Room, a modern, white-label investor management platform that supports real estate syndicators in raising capital and streamlining their back office through automation. Businesses using the Investor Deal Room software have raised over $40M in private capital and represent nearly $500M in assets under management. Today, Josiah joins me to walk us through the process of onboarding multifamily investors. He explains how to build your database by way of content marketing and create a lead magnet that addresses investor pain points. Josiah describes the step-by-step process of tracking leads through closing and shares best practices for communicating with investors via quarterly reports and individual statements. Listen in to understand the value of automating investor relations as you scale your business and learn how Investor Deal Room can help you build long-term trust with investors! Key TakeawaysJosiah’s insight on marketing to investors
How to design free resources for investors
The process of tracking investors through closing
The best practices for syndicators AFTER closing
How Investor Deal Room automates investor relations
How Investor Deal Room addresses joint venture partners
Connect with JosiahResources |
Wed, 6 February 2019
As a financial planner, Jason Harris helped clients prepare for retirement. At the same time, he was building a real estate portfolio to replace his W-2 income. And last Thursday, he retired from financial planning (in his early 30’s!) to pursue investing full-time. What did that journey look like? What strategies did Jason and his wife, Carrie, use to generate passive income with multifamily? Jason and Carrie started investing in real estate in 2010. Nine years later, they have a portfolio of 75-plus units and the couple is building a consulting business known as Creative Gains. With his background in financial planning, Jason offers clients a unique perspective on diversifying their portfolio with real estate. Jason and Carrie also run a successful property management company. Today, Jason joins me to discuss his last day of work as a financial planner and explain how his friends and family reacted to his decision to pursue real estate full-time. Jason walks us through his journey to financial independence, from the FHA loan he used to buy his first fourplex to the creative strategies he and his wife leveraged to build their portfolio. Listen in for Jason’s unique insight on making real estate investing a part of your retirement plan and get his advice around making the leap from a W-2 job to full-time investor! Key TakeawaysJason’s last day of work as a financial planner
What’s next for Jason
How Jason’s friends and family reacted to his transition
Jason’s journey to financial freedom
Why Jason and his wife chose not to expand their lifestyle
The fundamentals of FHA loans
The creative strategies Jason used to build his portfolio
Jason’s advice for transitioning from W-2 to full-time investor
How Jason might have accelerated his timeline
Jason’s insights for passive investors
Connect with JasonEmail creativegainsllc@gmail.com Call (801) 362-0784 Resources |
Wed, 30 January 2019
As multifamily syndicators, we are focused on finding quality deals and raising money. But securing the financing you need can make or break a real estate deal and reaching out to your lender early in the process will save you a great deal of time—and keep you on track to close as planned. So, what do you need to know about multifamily financing? John Brickson serves as Director at Old Capital, a Dallas firm that specializes in arranging financing for commercial real estate investors across the country. John’s team focuses on $1M to $30M loans on multifamily properties, and in 2017, Old Capital closed more than $750M in loans. John’s market insight and established lender and equity relationships afford his clients a tailored, best-in-class financing solution. Today, John joins me to offer insight on interest rates in 2019. He explains the difference between working with directly with a lender versus using an intermediary and describes why it’s safer to invest in properties that qualify for Fannie Mae or Freddie Mac. John also shares advice around financing smaller deals and covers the pros and cons of taking out a bridge loan. Listen in to understand the most common mistakes investors make when it comes to financing multifamily deals and learn why you should get your lender involved early in the process! Key TakeawaysJohn’s insight on interest rates
The difference between direct lenders and intermediaries
John’s take on the best properties for multifamily investors
John’s advice around financing smaller deals
The purpose of a bridge loan
The current terms for bridge loans
The risk associated with bridge loans
The best candidates for bridge loans
How lenders handle loan proceeds earmarked for rehab
The most common multifamily financing mistakes
Connect with JohnCall (913) 638-8871 Email jbrickson@oldcapitallending.com Resources |
Wed, 23 January 2019
When you hunt, the prey runs away. But when you fish, you simply put a lure in the water and let the fish come to you. Tim Bratz likens raising private money to fishing: You provide value through education and intentional conversation—and then wait for the investors to come to you. Tim is the owner of CLE Turnkey, a real estate investment firm focused on apartment buildings, vacation rentals and other commercial properties in Ohio, South Carolina, Georgia, Florida and Texas. His current portfolio consists of 2K units with a value of over $100M. Tim also offers coaching and mentoring through Commercial Empire. Today, Tim joins me to explain how working as a commercial broker sparked his interest in investing and share the story of buying his first property—with a credit card! He discusses his transition from flipping, wholesaling and single-family rentals to multifamily buy-and-holds as well as his mindset shift around hiring a team. Listen in to understand the current opportunity around raising capital for multifamily and learn Tim’s approach to luring passive investors rather than chasing them. Key TakeawaysHow Tim got interested in real estate investing
How Tim bought his first duplex on a credit card
Tim’s transition to multifamily buy-and-hold
Why raising capital is the best use of your time
Tim’s mindset shift around building a team
The activities Tim outsourced first
Tim’s first six-figure hires
The current opportunity around raising money
Why multifamily is the safest investment
Tim’s approach to potential passive investors
What investors are looking for
Connect with TimResourcesThe Ultimate Guide to Buying Apartment Buildings with Private Money |
Tue, 15 January 2019
So, you’re on the phone with a real estate broker or a potential investor. Chances are, they’re Googling you to see if you’re the real deal. If they don’t find a website, it’s unlikely they’ll take you seriously. And if they find a poorly designed site, that’s even worse! A quality website affords you instant credibility as a syndicator. But is there an easy way to build a good one without investing a lot of time or money in the process? Todd Heitner is the founder of Apartment Investor Pro and Done Deal Websites. He supports real estate investors in building professional-quality websites. Todd’s service includes beautiful design, well-written content and quick setup, giving you the credibility and systems you need to connect with brokers and investors at a fraction of the cost. Today, Todd joins me to explain how a professional website affords syndicators instant credibility. He walks us through the features of a quality website, from domain name to design to content to maintenance. Listen in for Todd’s insight on the value of automation in building relationships with investors and learn how Apartment Investor Pro can help you set up a website in just one day! Key TakeawaysHow a website provides credibility
The elements of a quality website
The value of website automation
The features of Apartment Investor Pro
Connect with ToddResourcesFinancial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank |
Thu, 10 January 2019
Who are you? Is your identity tied up in money? Another person? What you do for a living? If so, you are treading on dangerous ground, as these externalities can go away at any time. So, how do you define your WHY and create a culture in alignment with your core values? How do you awaken to your true purpose and potential? How do you live a life of significance and build a legacy you can be proud of? Keith Elias is a former NFL running back who played for the New York Giants and Indianapolis Colts from 1994 through 1999. He earned All-American honors playing college ball at Princeton, where he established school, conference, and national records. Today, he supports NFL players in making the transition to retirement, helping them awaken to their purpose and navigate life after football. Keith joins me on the podcast today to share his experience as an NFL player and his realization that there was more to life than football. He discusses why people struggle with life transitions, describing the risk in tying your identity to external things and the significance of defining your WHY. Keith offers advice around defining your core values and then using them as a guide in the decision-making process. Listen in for Keith’s insight on building a legacy and learn how to live a life of significance—starting right now! Key TakeawaysKeith’s experience as an NFL player
Keith’s realization around life beyond football
Why people struggle with life transitions
The importance of defining your WHY
Keith’s advice around defining your identity
Keith’s mission to awaken people to their truth
How to incorporate your values in everyday life
Keith’s insight on building a legacy
Connect with KeithEmail keithelias@verizon.net ResourcesReal Estate Guys Create Your Future 2019 Goal Setting Retreat |
Financial Freedom with Real Estate Investing
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