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 |
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