Mon, 27 July 2020
Investing in the financial markets is stressful, especially in a crisis. And even if you happen to be brilliant at options trading, $100K in the equity market will still only buy $100K in assets. On the other hand, investing $100K in multifamily will buy you a $500K asset—and earn you five times the return. Not to mention the fact that it’s essentially recession-proof! Bruce Fraser is the Managing Partner at Elkhorn Capital Partners, a private equity firm that focuses on multifamily residential real estate in economically insulated submarkets. Prior to Elkhorn, Bruce ran a lucrative hedge fund, successfully navigating the financial crisis before his research led him to multifamily. In a few short years, Bruce has built a portfolio of 1,600 units, and he currently serves as a member of the Forbes Real Estate Council. On this episode of Apartment Building Investing, Bruce joins me to explain what makes multifamily a better investment than the financial markets, especially through the COVID-19 crisis. He tells us about his first multifamily deal (as one of my early coaching students!), discussing the challenges he faced early on and describing how the Law of the First Deal impacted his real estate career. Listen in for Bruce’s insight on the advantage of choosing a niche in distressed assets and learn his aggressive but realistic approach to scaling a multifamily business. Key TakeawaysWhat makes multifamily a better investment than the financial markets
Bruce’s first multifamily deal as one of my early coaching students
Bruce’s experience with the Law of the First Deal
Why Bruce chose a niche in distressed situations
Why Bruce sought out coaching early on
Bruce’s approach to scaling a multifamily business
Bruce’s experience through the COVID crisis
Bruce’s goals over the next three years
Why multifamily is the best investment through the pandemic
Connect with Bruce FraserEmail bruce@elkhornpartners.com ResourcesGoldman Sachs Economic Outlooks Purchase the Replay of Deal Maker Live Join the Nighthawk Equity Investor Club |
Mon, 20 July 2020
There are tons of books out there that teach you how to invest in real estate syndications with other people’s money. But what if you’re the ‘other people’? What resource teaches you how to evaluate opportunities and pick the right sponsor to trust with your money? Brian Burke is the President and CEO of Praxis Capital, a private equity investment firm that focuses on repositioning multifamily properties. An expert real estate syndicator and investor, he has acquired 3,000 multifamily units and 700 single family rentals in his 30-year career. Brian is also the author of the new book, The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications. On this episode of Apartment Building Investing, Brian joins me to explain why passive investors need to look beyond returns when comparing syndication opportunities. He discusses why the sponsor is a more important consideration than the market or the deal itself, sharing the cautionary tale of an investor who lost her life savings to an unethical syndicator. Listen in for Brian’s insight on the benefit of investing in a non-correlated asset like real estate and learn what questions to ask as you evaluate different investing opportunities. Key TakeawaysThe cautionary tale Brian included in The Hands-Off Investor
The three indicators used to measure the performance of a real estate investment
Why passive investors must look beyond returns when comparing opportunities
Why the sponsor is more important than the market or the deal itself
What secrets sponsors don’t want passive investors to know
The pros and cons of being a passive investor in multifamily syndications
The benefit of investing in non-correlated assets like real estate
Brian’s advice for skeptical investors looking at multifamily real estate
Connect with Brian BurkeResourcesBrian on Apartment Building Investing EP005 Purchase the Replay of Deal Maker Live Join the Nighthawk Equity Investor Club Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? |
Mon, 13 July 2020
In the world of startups, entrepreneurs take a lean approach early on with an eye to grow quickly. Ellie Perlman applied these principles to real estate, building and scaling a syndication business in a few short years. So, how do you shift from being a syndicator to managing a syndication business? Ellie is the Founder and CEO of Blue Lake Capital, a real estate investing firm that specializes in value-add multifamily acquisition and management. She also leads REady2Scale, a mentoring program for aspiring multifamily syndicators, and hosts the REady2Scale Podcast. Ellie began her career as a commercial real estate lawyer and later transitioned to the role of property manager, overseeing properties worth more than $100M. She earned her MBA from the MIT Sloan School of Management. On this episode of Apartment Building Investing, Ellie joins me to explain how growing up poor in Israel gave her the drive to succeed and share her journey from cleaning synagogues to earning an MBA from MIT. She discusses the decision to start her own real estate business, describing how multifamily syndication fulfilled her vision to both scale quickly and earn passive income. Listen in for Ellie’s insight on the magic of scaling a startup and get her advice on how to grow YOUR real estate business—even if you don’t have a budget! Key TakeawaysHow Ellie developed the drive to succeed
What inspired Ellie to go to law school
How Ellie developed an interest in real estate
What brought Ellie to the United States
Ellie’s decision to go into business for herself
Ellie’s insight on the power of believing in yourself
Ellie’s big vision for building a real estate company
What Ellie would tell her younger self
How Ellie thinks about potential discrimination in real estate
Why Ellie started a training program and podcast
Why Ellie is an advocate for scaling your business
Ellie’s advice for building and scaling a syndication business
How to build a syndication business on a small budget
Connect with Ellie PerlmanEmail ellie@ellieperlman.com ResourcesRegister for Michael’s Free Masterclass: How to Do Your First Apartment Deal |
Mon, 6 July 2020
Doing something monumental like moving your family across the ocean to Hawaii or buying a 100-unit apartment complex may feel overwhelming. But Brandon Turner has done both of those things, and he contends that any process is easy IF you break it down into a series of tiny actions that take five minutes or less. Brandon is the Founder of Open Door Capital, Vice President of BiggerPockets and Cohost of The BiggerPockets Podcast. He owns more than 500 rental units totaling $20M and has dozens of rehabs under his belt. Brandon’s work has been featured in Forbes, Entrepreneur and Money Magazine, and he is the author of several books, including The Book on Rental Property Investing and How to Invest in Real Estate. On this episode of the podcast, Brandon joins me to share his assessment of the impact of COVID-19 on real estate investing, explaining how we should adjust our underwriting in light of the pandemic. He walks us through his favorite investing strategies right now, describing the opportunities he sees in real estate over the next 10 years. Listen in to understand the marketing techniques Brandon uses to raise LOTS of money online and get his advice on developing a clear VISION of where you want to be—and taking tiny action each day to get there! Key TakeawaysBrandon’s assessment of the impact of COVID
How real estate investors should adjust their behavior right now
The opportunities Brandon sees over the long term
How this economic crisis differs from the last recession
Brandon’s favorite real estate strategies right now
Brandon’s insight around COVID’s impact on low-income earners
BiggerPockets’ most successful marketing strategies
How Brandon uses content marketing in his investing business
How Brandon architects his life around his family and business
Connect with Brandon TurnerResourcesJoin Michael’s Investor Incubator Mentoring Program Register for Michael’s Free Masterclass: How to Do Your First Apartment Deal Join the Nighthawk Equity Investor Club The Book on Rental Property Investing by Brandon Turner Bryce Stewart on BiggerPockets Podcast EP276 |
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