Mon, 20 September 2021
Even if you choose the right property, the wrong debt can wreck a multifamily deal. So, what can we do to manage shifts in the real estate market? How do we structure deals in a way that mitigates risk? Andrew Cushman serves as Principal at Vantage Point Acquisitions, a private equity firm focused on acquiring and repositioning multifamily properties throughout the Southeast US. He left his 9-to-5 as a chemical engineer for real estate in 2007 and built a lucrative house flipping business before finding multifamily in 2011. Since then, Andrew has successfully syndicated more than 2,100 units and launched The Multifamily Accelerator, a mastermind for active and experienced real estate investors. On this episode of Financial Freedom with Real Estate Investing, Andrew joins cohost Garrett Lynch and me to explain why he is confident about buying multifamily right now and share what he is doing to maintain deal flow. He offers insight on underwriting to account for a spike in interest rates or a shift in rent growth and shares his secret for finding off-market deals. Listen in as Andrew describes what kind of inflation is good for apartment investors and learn how to structure agency or bridge debt to best manage risk. Key TakeawaysWhy Andrew is confident about buying multifamily right now
The kind of inflation that’s good for multifamily real estate
Why Andrew used 12-year, fixed-rate debt on a recent deal
Andrew’s top strategies for structuring bridge debt
How to mitigate the risk of a spike in interest rates
What Andrew is doing to find multifamily deals right now
Andrew’s tips for reaching out to owners directly
What Andrew is doing to maintain deal flow
Andrew’s strategy for bidding on listed multifamily deals
How Andrew thinks about rent increases in his underwriting
Connect with Andrew CushmanResourcesExplore Michael’s Deal Maker Certification Training Access Michael’s Platform Builders Masterclass Learn About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Kevin Bupp on Financial Freedom with Real Estate Investing EP281
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP284.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 13 September 2021
Is now really a good time to get started in multifamily? COVID put real estate on a bit of a roller coaster ride. The market cooled for a bit but then came back even hotter! So, is it too hot now? What should we be thinking about as we decide whether to invest now or wait until later? On this solo episode of Financial Freedom with Real Estate Investing, I explain why there will never be a PERFECT time to get into multifamily and discuss how we adjust our tactics with ups and down in the market. I offer insight on why real estate prices are going up right now and describe what soaring construction costs, ongoing demand for affordable housing and rising inflation means for multifamily. Listen in to understand the relationship between rising rents and property values—and find out why investing in REAL assets is the best thing you can do right now! Key TakeawaysMy insight on why now is the right time to get into multifamily
Why real estate prices are going up right now
The impact of soaring construction costs
What the current inflationary environment means for multifamily
The case for investing in multifamily
Why it’s a good idea to invest in real assets right now
ResourcesExplore Michael’s Deal Maker Certification Training Learn More About Michael’s Mentoring Program Register for Michael’s Platform Builders Masterclass Join the Nighthawk Equity Investor Club Get Michael’s Blueprint to Your First Multifamily Deal ‘Construction Costs Are Skyrocketing—Should You Build a House?’ in Forbes ‘Skyrocketing Steel, Lumber Costs Threaten to Slow Construction Jobs’ in Construction Dive ‘The Housing Boom Could Be Losing Steam’ on CNN Business ‘The Housing Shortage—Special Report’ in REALTOR Magazine ‘Apartment Rents Reach New High in June’ in GlobeSt ‘More Americans Are Leaving Cities, But Don’t Call It an Urban Exodus’ in Bloomberg
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP283.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 6 September 2021
Most people see adversity as a bad thing and avoid it at all costs. But what if setbacks are simply part of the journey to success? What if we can convert adversity into rocket fuel and use it to propel us to the next level? Mike ‘C-Roc’ Ciorrocco is the CEO of People Building, Inc. and Cofounder of the emerging tech company Blooprinted. He was named one of the Top Business Leaders to Follow in 2020 by Yahoo Finance and was #1 on their list of Top Mortgage Professionals the same year. Mike is also the host of What Are You Made Of? and the bestselling author of Rocket Fuel: Convert Setbacks, Become Unstoppable. On this episode of Financial Freedom with Real Estate Investing, Mike joins cohost Garrett Lynch and me to explain why adversity is a good thing, describing how he converts setbacks into rocket fuel to become unstoppable. He walks us through the 3 C’s for achieving any big goal, challenging us to get clear on what we want and commit to taking consistent action. Listen in to find out how Mike got into business with Grant Cardone and learn his approach to reframing adversity as your best teacher. Key TakeawaysThe rocket fuel that makes Mike unstoppable
How Mike lifted himself out of a negative environment
Mike’s 3 C’s for realizing you’re not stuck
The importance of your peer group
Why people have a hard time committing to a goal
Why Mike encourages people to tell their story
The 3 reasons people don’t share their story
Why adversity is ultimately a good thing
Mike’s approach to bouncing back from a big setback
How Mike got into business with Grant Cardone
What Mike wants to be remembered for
Connect with Mike CiorroccoResourcesAccess Michael’s Blueprint to Your First Multifamily Deal Training Learn About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Rocket Fuel: Convert Setbacks, Become Unstoppable by Mike Ciorrocco The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone Grant Cardone Sales Training University The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life by Hal Elrod
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP282.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 30 August 2021
Scale is crucial to achieving financial freedom with real estate. And while multifamily is the fastest way to achieve scale, there are other commercial asset classes that will get you there, provided you understand the challenges and how to overcome them. Kevin Bupp is living the dream with mobile home parks, and he’s well-versed what it takes to grow a portfolio in this niche market. Kevin is the CEO of Sunrise Capital Investors, a firm that helps investors build legacy wealth through commercial real estate investing. Kevin and his team focus on mobile home parks and parking assets, market segments with less competition than other asset classes. He has been a real estate investor since he was 19 years old, and he has specialized in mobile home parks for the last 10 years. Kevin is also the host of the Real Estate Investing for Cashflow Podcast. On this episode of Financial Freedom with Real Estate Investing, Kevin joins cohost Garrett Lynch and me to discuss the pros and cons of investing in mobile home parks. He explains why he made the commitment to self-manage his portfolio and shares best practices for building your own property management company. Listen in to understand the process of finding mobile home park deals and learn how Kevin built and scaled a successful mobile home park investing business! Key TakeawaysWhat Kevin loves about mobile home parks
The challenges of mobile home park investing
How to build a property management company
Kevin’s advice on scaling a mobile home portfolio
Kevin’s first hires for a property management team
What a mobile home park value-add deal looks like
Why Kevin prefers selling mobile homes to renting
Kevin’s debt strategy for mobile home parks
How Kevin finds mobile home park deals
How Kevin gets property owner contact info
Why Kevin is getting into parking assets
Connect with Kevin BuppReal Estate Investing for Cashflow Podcast ResourcesAccess Michael’s Blueprint to Your First Multifamily Deal Training Learn About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Kevin Bupp on Financial Freedom with Real Estate Investing EP054 Hunter Thompson on Financial Freedom with Real Estate Investing EP087
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP281.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 23 August 2021
Investing out of your area is a challenge. And investing WAY out of your area, like in a different country, adds another layer of complexity to doing a deal. But as long as you’re willing to make a decision and start moving forward, there’s nothing you can’t figure out along the way. Edna Keep is a real estate investment coach and author of Multiple Ways to Wealth: Creating Your Prosperous Lifestyle. Edna spent 15 years as a financial advisor before she was introduced to real estate, and today, her team owns a portfolio of 800 doors worth $65M in both the US and Canada. On this episode of Financial Freedom with Real Estate Investing, Edna joins cohost Garrett Lynch and me to share the ins and outs of investing out of area and explain the differences between the US and Canadian markets. She describes the challenges of being a foreign investor, offering insight into what she looks for in a market and how she builds a power team on the ground around a deal. Listen in for Edna’s advice on making a decision and then making it work for you—even if you don’t have all the answers about how a deal will work! Key TakeawaysWhat inspired Edna’s interest in real estate
How Edna pitches seller financing deals
How Edna finds sellers that are planning to retire
Edna’s transition to larger multifamily properties
Why Edna prefers real estate over mutual funds
Why Edna is investing in US real estate markets
The logistics of investing in a foreign market
What Edna looks for in a real estate market
Why it’s okay to not have all the answers
Edna’s advice for aspiring investors
Connect with Edna KeepEmail edna@ednakeep.com ResourcesLearn More About Michael’s Mentoring Program Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Join the Nighthawk Equity Investor Club Financial Freedom with Real Estate Investing by Michael Blank National Real Estate Investors Association Canada Mortgage and Housing Corporation Multifamily Networking from Anywhere in the World on FFWREI EP260
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP280.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 16 August 2021
All entrepreneurial activities are not created equal. Running a service-based business is an active pursuit. You’re managing employees, making sales and then following through with high quality work. But in real estate, once you do the initial legwork, the money comes in automatically with very little effort on your part. Pete Schnepp is the successful entrepreneur behind Envision Painting and Roof Coatings, Bug Science Pest Control and PRS Properties. Pete got serious about building a real estate portfolio in 2017, and today, his rental income covers his family’s living expenses, and he is financially free. On this episode of the podcast, Pete joins cohost Garrett Lynch and me to discuss what sets real estate apart from other kinds of entrepreneurship. Pete walks us through the steps he took to build a portfolio of properties and explains why his family continues to live below their means despite having achieved financial freedom. Listen in for Pete’s advice on revisiting your goals every day and find out how he is building generational wealth with real estate! Key TakeawaysWhat inspired Pete’s interest in real estate
The steps Pete took to build his portfolio
How Pete achieved financial freedom
Pete’s insight on living below your means
How Pete and his wife got on the same page
Pete’s future goals when it comes to real estate
How real estate differs from Pete’s other small businesses
Pete’s advice for aspiring real estate investors
Connect with Pete SchneppResourcesRegister for Michael’s Platform Builders Masterclass Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Think and Grow Rich by Napoleon Hill
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP279.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 9 August 2021
The vast majority of multifamily syndicators don’t stop with one property. And with each new deal, we start the stressful process of raising money all over again. But it doesn’t have to be that way! So, how does it work to raise capital for multiple deals through a fund? Joe Fairless is the Cofounder and Partner at Ashcroft Capital, a multifamily firm that invests in 200-plus-unit value-add deals. The Ashcroft team has a portfolio of 38 properties, and in February of 2021, they pivoted from raising money for individual deals to raising capital through funds. On this episode of Financial Freedom with Real Estate Investing, Joe joins me (and the attendees of Deal Maker Live) to discuss the pros and cons of raising money through a fund. He explains the benefit of being able to spread out your capital raise over time, bring on investors whenever they’re ready, and comingle money among deals. Listen in for insight on how Ashcroft structures its funds and find out if YOU’RE ready to start raising money for multifamily through a fund! Key TakeawaysHow Joe achieves work-life integration
How Ashcroft Capital structures its funds
The downside of raising money for funds
Joe’s take on the advantages of raising money for funds
When you should consider raising money through a fund
The pros and cons of using Rule 506(c)
Why Joe’s fund raises money for both class A and B properties
Connect with Joe FairlessResourcesLearn About Michael’s Mentoring Program Access the Recordings from Deal Maker Live Join the Nighthawk Equity Investor Club
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP278.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 2 August 2021
In the short term, multifamily investors can have success simply playing the appreciation game. But if you want to build a multifamily portfolio that survives and thrives for the long term, you have to make operations a priority. Ashley Wilson is the cofounder of Bar Down Investments and the bestselling author of The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors. Ashley has been involved in $60M-plus in real estate transactions in the last 12 years, and she leads asset and construction management for her own multifamily investments. On this episode of Financial Freedom with Real Estate Investing, Ashley joins cohost Garrett Lynch and me to explain why it’s essential for syndicators to focus on operations. Ashley shares her take on the lack of women in real estate, offering advice on how to increase the number of women investors and influencers in the space. Listen in for Ashley’s insight on the #1 skill you need to be a successful investor and find out how to marry asset and construction management to maximize the value of YOUR multifamily portfolio! Key TakeawaysWhat lights Ashley up about multifamily real estate
How Ashley’s real estate strategy has evolved over time
Why multifamily is the holy grail for Ashley’s needs
Why syndicators need to focus on operations
The benefit of marrying asset and construction management
What inspired Ashley to write The Only Woman in the Room
Ashley’s take on the lack of women in the real estate business
Why determination is the #1 skill of a successful investor
How to increase the number of women investors and influencers
Ashley’s advice to aspiring women real estate investors
Connect with Ashley WilsonResourcesAccess the Recordings from Deal Maker Live Register for Michael’s Platform Builders Masterclass Join the Nighthawk Equity Investor Club
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP277.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 26 July 2021
So, you want to go for bigger deals, but your current network is pretty much tapped out. Maybe you struggled to raise $500K for your last deal, and you’d like to add a zero for the next one. How do you attract new investors and scale your capital raise? Jonathan Barr is the Cofounder and Principal at JB2 Investments, a real estate investment firm specializing in 70-plus-unit value-add projects in high cashflow, landlord-friendly markets. Jonathan began his real estate career in 2009, facilitating the acquisition of 400 residential flips in the LA market that generated $22M in profit for his family’s business. On this episode of Financial Freedom with Real Estate Investing, Jonathan joins me to explain what inspired him to invest outside the LA market, sharing the mental blocks he had to overcome to buy properties in the Midwest. Jonathan walks us through his first multifamily deal in Oklahoma City, discussing why he had a hard time raising money for it and how he built an online platform to solve that problem. Listen in for Jonathan’s insight on using Twitter to attract new investors and learn how to scale YOUR ability to raise capital through content creation! Key TakeawaysHow Jonathan got involved in real estate
The pros and cons of working in a family business
What Jonathan learned in SFH acquisitions that translates to multifamily
What inspired Jonathan to invest outside the LA market
Jonathan’s mental block around investing out of the LA market
Why Jonathan made the shift to multifamily
Why Jonathan joined our mentoring program last year
Jonathan’s first multifamily deal
Why Jonathan had a hard time raising money for his first deal
How Jonathan built an online platform to raise capital
Jonathan’s take on why content creation is so important
Jonathan’s insight on how to create content
Jonathan’s advice for syndicators who are tapped out on capital
Connect with Jonathan BarrResourcesRegister for Michael’s Platform Builders Masterclass Learn More About Michael’s Mentoring Program Enter the Financial Freedom Podcast Launch Contest The Tax Stack Strategy: The Magic of Paying Less Tax Using Real Estate by Jonathan Barr
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP276.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Fri, 16 July 2021
In nearly 300 episodes of the Apartment Building Investing podcast, I’ve talked to big names in real estate like Robert Kiyosaki, Brandon Turner and Grant Cardone. I’ve also had conversations with countless men and women you may not have heard of who achieved financial freedom through multifamily syndications. And now, Apartment Building Investing is coming to an end. But only because we’re celebrating a new beginning and rebranding the show as Financial Freedom with Real Estate! On this episode, I explain how Financial Freedom with Real Estate more accurately reflects our mission here at The Michael Blank Organization. I explain what makes investing in apartments better than single family homes, sharing examples of people we’ve empowered to quit their jobs and live a life of purpose through multifamily investing. Listen in for insight on the benefits of our Deal Maker Certification training and find out how to WIN the course in our Financial Freedom Podcast Launch Contest! Key TakeawaysWhy we’re renaming the podcast Financial Freedom with Real Estate
Why apartments are superior to investing in single family homes
How financial freedom empowers people to live a life of purpose
What you learn from our Deal Maker Certification training
ResourcesEnter to Win the Financial Freedom Podcast Launch Contest Financial Freedom with Real Estate Investing by Michael Blank Explore Michael’s Deal Maker Certification Training Learn More About Michael’s Mentoring Program Financial Freedom Hall of Fame
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP275.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 12 July 2021
Multifamily investors know the advantages of scale. But when it comes to residential assisted living or RAL, bigger isn’t always better. The big-box model often leads to poor healthcare outcomes, treating residents not as individuals but part of a process. So, how can investors scale senior living facilities without compromising care? Loe Hornbuckle is CEO of Sage Oak Assisted Living and Memory Care and Cofounder of GoodHorn Capital, a real estate investment firm focused on recession-resistant asset classes including build-to-rent and senior living. Loe has a heart for improving the residential assisted living experience, providing residents with both the quality care associated with small RAL facilities and the advantages of scale. On this episode of Apartment Building Investing, Loe joins cohost Garrett Lynch and me to share his unique, hybrid approach to building assisted living and memory care facilities. Loe explains how his father’s bad experience in hospice inspired his interest in RAL and offers insight on applying his strategy to multifamily deals. Listen in to understand how Loe is solving the scaling problems of residential assisted living and find out if the business of caretaking is right for YOU. Key TakeawaysLoe’s approach to building assisted living and memory care facilities
How Loe is solving the scaling problems of residential assisted living
What Loe’s campus of care homes looks like
What inspired Loe’s interest in assisted living as an asset class
How an investor can get into the business of caretaking
How Loe thinks about processes and systems in RAL
The critical hires for a residential assisted living facility
How to apply Loe’s RAL strategy to multifamily investing
Loe’s advice on getting started with residential assisted living
Connect with Loe HornbuckleResourcesLearn More About Michael’s Mentoring Program |
Mon, 5 July 2021
Adversity is not optional. Whether you’re a Navy SEAL or a multifamily investor, you’re going to face difficult circumstances. And while you don’t have control over what happens, you DO control how you respond. Are you going to let adversity knock you down? Or will you rise to the occasion? Chad Williams the bestselling author of SEAL of God, a memoir of his grueling journey through Naval Ops training and onto the war-torn streets of Iraq. Chad is also a sought-after international speaker, drawing on his experience as Navy SEAL to share lessons around teamwork, integrity, mental toughness and overcoming adversity, and he is set to deliver the keynote address at Deal Maker Live next week in Dallas. On this episode of Apartment Building Investing, Chad joins cohost Drew Kniffin and me to explain how the principles he mastered as a SEAL apply to multifamily investing, challenging us to be servant leaders and stay calm in the face of adversity. Chad offers advice on staying the course in difficult times, describing how a strong WHY made him one of only 13 SEAL trainees to graduate (in a class of 173). Listen in for Chad’s insight on the choice you have to let adversity be a weight or a wing and learn to be resilient regardless of the challenges life brings your way! Key TakeawaysThe story of Chad’s final operation in Iraq
What it looks like to be a servant leader
Chad’s advice on how to respond to adversity
The challenge of completing the training to become a SEAL
How to stay the course and endure through challenging times
Connect with Chad WilliamsResourcesSign Up for Chad’s Deal Maker Live Adventure Access Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building |
Mon, 28 June 2021
Asset management may not be as sexy as raising money or chasing deals. But it’s the aspect of multifamily investing that makes a deal successful—or not. So, what’s involved in the operation of an apartment building? And how can an asset manager work with their property management team to solve problems together? Kyle Mitchell is the cofounder of Asset Management Mastery, a platform designed to help multifamily investors become best-in-class operators. Kyle owns and operates a portfolio of 400 units worth $400M in Tucson and Phoenix, Arizona. He is also the coauthor of Best in Class: How to Manage Your Multifamily Asset, Avoid Mistakes and Build Wealth Through Real Estate and serves as a mentor with The Michael Blank organization. On this episode of Apartment Building Investing, Kyle joins cohost Garrett Lynch and me to discuss the role of a multifamily asset manager, explaining how he conducts monthly secret shopper audits and what KPIs he tracks on a regular basis. Kyle describes what attracted him to the asset management side of the business, discussing how he partners with the property management team to get the best out of a property. Listen in for Kyle’s hands-on approach to renovation management and find out how he is navigating material and labor shortages in the aftermath of the pandemic. Key TakeawaysThe role of a multifamily asset manager
What attracted Kyle to asset management
Why Kyle moved into the market where he invests
How Kyle conducts a monthly secret shopper audit
What key performance indicators Kyle tracks
How Kyle handles multifamily renovation management
How to navigate the current material and labor shortages
What Kyle does when a property manager isn’t performing
How to be proactive when it comes to asset management
Connect with Kyle MitchellAsset Management Mastery Podcast Passive Income Through Multifamily Real Estate Podcast ResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building Kyle Mitchell on Apartment Building Investing EP172 Neal Bawa’s LASAL Revenue Management System |
Mon, 21 June 2021
What does a multifamily investor look like? If you grew up in a working-class family that didn’t talk about money, let alone investing, you may have a hard time seeing yourself as a successful syndicator. But you don’t have to be a Wall Street guy to build a multifamily real estate business. You can raise millions of dollars for deals no matter where you come from… But you’ve got to BELIEVE you can. Timothy Lyons is a 15-year veteran of the New York City Fire Department and Principal and Managing Partner at Cityside Capital. He invested in his first 3-family property at the end of 2019, and today, he has been involved in 5 syndications worth over $100M. Tim is also a contributor to Bringing Value, Solving Problems and Leaving a Legacy, a collection of powerful stories of transformation from thought leaders, entrepreneurs and real estate investors. On this episode of Apartment Building Investing, Tim joins cohost Garrett Lynch and me to discuss the power of belief, explaining how he overcame imposter syndrome to build a portfolio of 720-plus units in 12 months. Tim shares why he was skeptical about investing in a coach and how he realized the value of aligning with a network of people who are successful at what you want to do. Listen in for Tim’s amazing story of going all-in on multifamily at the start of the pandemic and learn to push through YOUR limiting beliefs and achieve financial freedom with real estate! Key TakeawaysWhy Tim got into real estate investing
Tim’s first 3-family property
The next steps Tim took to go bigger, faster
How Tim overcame his resistance to investing in a coach
The timeline around Tim’s multifamily education
How Tim realized the power of multifamily syndication
How Tim overcame limiting beliefs re: raising money
How Tim is raising $2.5M for his fifth syndication
Tim’s advice for aspiring multifamily investors
What Tim did to overcome imposter syndrome
Connect with Timothy LyonsBringing Value, Solving Problems and Leaving a Legacy by Tim Lyons et al. ResourcesInvest in Michael’s Deal Maker Certification Training Learn More About Michael’s Mentoring Program Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building |
Mon, 14 June 2021
It’s easy to talk yourself out of your first multifamily deal. Working through obstacle after obstacle alone wears on a first-time syndicator, and you feel like giving up. But if you partner with another investor, you don’t want to let each other down. And you push through adversity, showing up with a kind of tenacity you may not have had on your own. Gary Van Bortel and John Bilinski are the syndication team behind ROC Capital Group, a multifamily investment firm out of Rochester, New York. Gary and John have 30 years of investing experience between them, building individual portfolios of single family and small multifamily properties before partnering on their first apartment syndication in 2020, a $1M raise for 48-unit deal in Syracuse. Gary and John are also the organizers of the Upstate Commercial Apartment Investors Meetup. On this episode of Apartment Building Investing, Gary and John join cohost Garrett Lynch and me to explain why they decided to work together, describing how a partnership motivates you to keep moving forward—even when a deal gets hairy. Gary and John discuss how they connected with potential investors through a local Meetup and share how they got investors to commit to their first deal. Listen in for insight on pushing through when things don’t go according to plan (I’m looking at you, COVID) and learn to leverage a strong partnership to work through obstacles together. Key TakeawaysHow Gary got into real estate
How John got into real estate
What inspired Gary and John’s shift to multifamily
Why Gary and John decided to partner
How Gary and John primed investors
How Gary and John found their first deal
What made Gary and John’s first deal a challenge
Gary and John’s journey to raising $1M
How Gary and John got investors on board
The obstacles Gary and John faced with COVID
Gary and John’s advice for aspiring syndicators
Connect with Gary Van Bortel & John BilinskiUpstate Commercial Apartment Investor Group Meetup Email gary@roccapitalgroup.com Email john@roccapitalgroup.com ResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building |
Mon, 7 June 2021
COVID decimated the hotel industry, bringing property values down significantly. And savvy multifamily investors are buying distressed hotels on the cheap and converting them into apartment buildings. But what are the pros and cons of this strategy? Serge Shukhat serves as Principal at Zona Capital, LLC, a real estate investment firm that specializes in acquiring value-add multifamily and mobile home park assets. Serge spent 13 years as a corporate warrior before leaving his W-2 in 2012 with the cashflow from 70 single family rentals. Then he shifted his focus to multifamily and now owns a portfolio of more than 1,000 units. And in the last two years, Serge has developed an innovative strategy for repositioning hotels as multifamily properties. On this episode of Apartment Building Investing, Serge joins cohost Garrett Lynch and me to share his approach to converting hotels into apartment buildings. Serge explains why he operates the units as Airbnbs to start and leases them up gradually and describes the challenges of running this kind of hybrid property. Listen in for Serge’s insight on the barriers to entry for repositioning hotels and learn how YOU can benefit from acting on this unconventional multifamily play! Key TakeawaysHow Serge got involved in real estate
How Serge analyzes price per door
What inspired Serge to reposition hotels as multifamily
Serge’s first hotel-to-apartment conversion
Serge’s Airbnb bridge strategy
What makes Serge’s STR bridge strategy work
The challenges of hotel-to-multifamily conversions
Why Serge is conflicted about shifting to full multifamily
Connect with Serge ShukhatResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building Garrett on The Real Estate Syndication Show with Whitney Sewell |
Mon, 31 May 2021
I used to dismiss mindset as the key to success. But I’ve since come to understand that until you get your head straight, you won’t take action. So, what mindset shifts do you need to make to become a successful multifamily investor? On this solo episode of Apartment Building Investing, I walk you through the 6 seismic shifts it takes to quit your job with real estate, challenging you to clear on WHY you want financial freedom and develop a strong belief in yourself and the system you’re following. I explain why you have to accept that you don’t know everything and take consistent action over time to see results. Listen in for insight on playing the long game and learn the benefits of partnering with others to scale a successful syndication business! Key TakeawaysSeismic Shift #1—Clarity
Seismic Shift #2—Belief
Seismic Shift #3—Surrender
Seismic Shift #4—Consistency
Seismic Shift #5—Play the long game
Seismic Shift #6—Be open to working with others
ResourcesAccess Michael’s Free Blueprint to Your First Multifamily Deal Training Learn More About Michael’s Mentoring Program Watch the Replay of Michael’s Platform Builders Masterclass Rich Dad Poor Dad by Robert T. Kiyosaki |
Mon, 24 May 2021
After interviewing 100 of the top real estate investors, Steven Pesavento realized that mindset really is the foundation of investing success. So, how do the most successful investors and entrepreneurs think differently? And how can you apply these same principles to your investing efforts and achieve real-world success? Steven is the President and Trusted Advisor at VonFinch Capital, a real estate firm out of Denver, Colorado, that focuses on curating hassle-free passive investments. He flipped 200 houses in three years before transitioning to multifamily in 2020. Steven is also the host of The Investor Mindset Podcast and the author of Principles of Success: Lessons from Top Real Estate Investors. On this episode of Apartment Building Investing, Steven joins cohost Garrett Lynch and me to share his five success principles of top real estate investors and explain why mindset is so important to investing success. Steven describes what inspired his shift from flipping houses to multifamily and what steps he took to make the transition to commercial real estate. Listen in for Steven’s insight on what it looks like to have your mindset tested and learn to apply his success principles in the real world of real estate investing! Key TakeawaysWhat inspired Steven’s shift from flipping to multifamily
What steps Steven took to transition to commercial real estate
Why Steven decided multifamily was the right asset class
Why mindset is important to investing success
Steven’s 5 success principles of top real estate investors
How to apply the 5 success principles in real-world investing
Steven’s experience with having his mindset tested
Connect with Steven PesaventoResourcesJoin the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building Principles of Success: Lessons from Top Real Estate Investors by Steven Pesavento Never Split the Difference: Negotiating as If Your Life Depended On It by Chris Voss and Tahl Raz Michael on The Investor Mindset Podcast EP075 Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek |
Mon, 17 May 2021
A lifestyle investor doesn’t trade time for money. They buy cashflowing assets that replace their W-2 income and go on to build a life around what matters most—focusing on their family, their passions and their purpose. So, what steps can YOU take to become a financially independent lifestyle investor? Justin Donald is the Founder of The Lifestyle Investor, a platform designed to help people use low-risk, cashflow investing to enjoy a life of passive income NOW. He leveraged real estate to grow his net worth to eight figures in less than two years, and he shares the blueprint in The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom. Justin also serves as the host of the Lifestyle Investor Podcast. On this episode of Apartment Building Investing, Justin joins cohost Garrett Lynch and me to discuss the steps he took to replace his lifestyle income and create a life of his own design. Justin explains how he got his start investing in mobile home parks and walks us through his first three commandments for investing in income-producing assets. Listen in for insight on Justin’s mission to help investors buy our time back, achieve financial freedom and pursue a purposeful, inspiring life! Key TakeawaysWhat Justin covers in The Lifestyle Investor
The steps to becoming a lifestyle investor
How Justin defines a lifestyle investor
How Justin got into real estate investing
Justin’s first 3 commandments of lifestyle investing
What investors learn in Justin’s mastermind
The danger of herd mentality investing
Justin’s advice on finding income amplifiers
How long it took Justin to achieve financial freedom
What Justin wants his legacy to be
Connect with Justin DonaldResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Michael on Lifestyle Investor EP028 Apartment Investor Network Facebook Group
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Mon, 10 May 2021
The beauty of multifamily investing is that you don’t do it alone. If you’re just getting started, you can bring a deal to an experienced operator. And once you’ve built a network of your own, you can flip the script and cosponsor deals with up-and-coming syndicators, leveraging your relationships to raise money for deals and scale your business faster! Philippe Schulligen is the Founder of Five Five Five Ventures, a firm dedicated to helping professionals navigate multifamily real estate investments. Philippe is the co-owner of 1,450 multifamily units worth $70M, and he has raised $22M in capital from investors. Philippe spent 20 years in corporate aviation before quitting his 9-to-5 for real estate, and he also serves as a mentor for The Michael Blank organization. On this episode of Apartment Building Investing, Philippe joins cohost Garrett Lynch and me to explain how he got his start in multifamily by partnering with an experienced operator. Philippe describes how building relationships with a network allowed him to scale faster and shift from finding deals to becoming a cosponsor and capital raiser. Listen in as Philippe gets real about what he learned when an equity partner bailed on a big deal at the last minute and find out how to start building YOUR multifamily network with the help of a mentor like Philippe! Key TakeawaysHow Philippe got into real estate
Why Philippe pivoted to multifamily
Philippe’s approach to multifamily investing
Philippe’s first 2 multifamily deals
What surprised Philippe most about multifamily
What gave Philippe the confidence to make his first offer
Philippe’s advice on becoming a successful cosponsor
How Philippe identifies potential JV partners
What Philippe learned from a big deal that fell through
What inspired Philippe to become a mentor
Connect with Philippe SchulligenEmail philippe@555ventures.com Philippe on The Michael Blank Mentorship Team ResourcesLearn More About Michael’s Mentoring Program Purchase Michael’s Syndicated Deal Analyzer Access Michael’s Deal Maker Certification Training Partner with Michael Through the Deal Desk Download Michael’s Free eBook The Secret to Raising Money to Buy Your First Apartment Building Join the Nighthawk Equity Investor Club Gino Wickman on Apartment Building Investing EP243 Entrepreneurial Leap: Do You Have What It Takes to Become an Entrepreneur? by Gino Wickman |
Mon, 3 May 2021
You take that promotion at work because you want to provide better for your family. But then you’re working MORE hours and seeing even LESS of the people you love. So, what if you could stop trading time for money? What if you didn’t have to decide between realizing big dreams for your family and spending quality time with them? Lee Yoder is the Founder and Managing Partner of Threefold Real Estate Investing, a multifamily investing firm based in Lebanon, Ohio. Lee was working as a physical therapist when he started investing in real estate, and by December of 2020, he quit his job as a physical therapist to be a full-time investor. Lee also hosts the Threefold Real Estate Investing Podcast, a show that focuses on leveraging multifamily investing to enjoy a stronger relationship with your family and a better walk with Christ. On this episode of Apartment Building Investing, Lee joins cohost Garrett Lynch and me to explain how his faith and family inspired him to pursue real estate. He describes how he gained confidence by analyzing hundreds of deals and attracted the help of a mentor to guide him through his first multifamily closing. Listen in for Lee’s take on why the Law of the First Deal works and learn how he is enjoying the flexibility to work when and where he wants as a full-time investor! Key TakeawaysWhat inspired Lee to pursue real estate
Why Lee took a 30% pay cut to make time for real estate
How Lee talked his wife into ‘the real estate thing’
How Lee shifted into the multifamily space
How Lee attracted the support of a mentor
How Lee landed his first multifamily deal
Lee’s approach to his first multifamily deal
How Lee raised money for his first few multifamily deals
How Lee led a syndication without a track record
Lee’s take on why the Law of the First Deal works
How Lee decided when to quit his full-time job
Lee’s top lesson learned in real estate
How Lee’s life is different now
Connect with Lee YoderThreefold Real Estate Investing Threefold Real Estate Investing Podcast Lee’s Free eBook: 5 Steps to Passive Income for the Full-Time Dad Email info@threefoldrei.com ResourcesLearn More About Michael’s Mentoring Program Access Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Join the Nighthawk Equity Investor Club Purchase Michael’s Syndicated Deal Analyzer |
Mon, 26 April 2021
It’s overwhelming to think through how many doors you need to quit your job with real estate. But what if I told you that all you really have to do is get one multifamily deal under your belt? Over and over again, I’ve observed that once an investor closes on their first deal, they achieve financial freedom very quickly—and with little effort. So, how does that work? On this episode of Apartment Building Investing, I explain the curious Law of the First Deal, describing how your first deal triggers opportunities for second and third deals in rapid, automatic succession. I share my idea of a Time Freedom Clock, discussing the typical timeline for quitting your job with multifamily. Listen in to understand why the Law of the First Deal works and learn how our new Deal Maker Certification gets you ‘deal ready’ in just 90 days! Key TakeawaysThe phenomenon around the Law of the First Deal
The idea around my Time to Freedom Clock
Why the Law of the First Deal works
How our new Deal Maker Certification gets you ‘deal ready’
ResourcesFinancial Freedom with Real Estate Investing by Michael Blank Explore Michael’s Deal Maker Certification Training Download Michael’s Deal Maker Blueprint Join the Deal Maker’s Mastermind Learn More About Michael’s Mentoring Program The Deal Maker Certification on Apartment Building Investing EP262 |
Mon, 19 April 2021
What if you could run a successful multifamily syndication business with other people’s money? And what if you could do it with no prior experience and achieve financial freedom in one to three years? Here at the Michael Blank organization, we’ve helped 130-plus new investors do their first deal, using a step-by-step process we call the Deal Maker Blueprint. On this solo episode of Apartment Building Investing, I walk you through the 8-step system to achieve financial freedom with multifamily syndications, explaining why it’s crucial to map your vision and connect with a network of likeminded peers early in your journey. I describe how to get the skill set you need to speak to brokers and investors (in just 30 days!) and then work the system, analyzing deals and building your pipeline until you close your first deal. Listen in for insight on scaling a syndication business and learn how financial freedom leads to a life of significance! Key TakeawaysHow I respond to the common objections re: multifamily
The Deal Maker Blueprint Step #1—Map Your Vision
The Deal Maker Blueprint Step #2—Get Connected
The Deal Maker Blueprint Step #3—Get the Skills
The Deal Maker Blueprint Step #4—Work the System
The Deal Maker Blueprint Step #5—Build Your Pipeline
The Deal Maker Blueprint Step #6—Close the Deal
The Deal Maker Blueprint Step #7—Grow and Scale
The Deal Maker Blueprint Step #8—Make a Difference
ResourcesDownload Michael’s Deal Maker Blueprint Join the Deal Maker’s Mastermind Learn More About Michael’s Mentoring Program Explore Michael’s Deal Maker Certification Training Watch the Replay of Michael’s Platform Builders Masterclass Financial Freedom with Real Estate Investing by Michael Blank Affirmations on Apartment Building Investing EP247 The (6-Minute) Miracle Morning |
Mon, 12 April 2021
If you can see it, you can be it. And as more female multifamily investors speak up about what they are doing, it gives other women permission to pursue real estate too. To that end, Elizabeth Faircloth is creating a community where women investors can get support the way they need it. Elizabeth is the Cofounder of the DeRosa Group, a multifamily investing firm on a mission to transform lives through real estate. She and her husband Matt manage a portfolio of 1,000 units worth $60M up and down the east coast. Liz is also the Co-creator of The Real Estate InvestHER, a community that empowers women real estate investors to live a financially free and balanced life. On this episode of Apartment Building Investing, Liz joins cohost Garrett Lynch and me to offer advice for couples on aligning their goals early on. She explains how to delineate roles in a real estate business partnership and why building community is so important. Listen in for Liz’s insight on increasing the number of women investors and learn how she features female role models through The Real Estate InvestHER platform. Key TakeawaysHow Liz got into real estate
Liz’s advice for couples on aligning your goals
How to delineate roles in a business partnership
Why it didn’t work the first time Liz left her W-2 for real estate
What inspired The Real Estate InvestHER community
How Liz scaled her community to 40 Meetup groups
Why building community is so important to Liz
Liz’s insight on the small number of women investors
Liz’s role with the DeRosa Group
Liz’s advice for aspiring multifamily investors
Connect with Elizabeth FairclothThe Real Estate InvestHER Podcast The Real Estate InvestHER Community on Facebook ResourcesLearn More About Deal Maker Live Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Elizabeth on BiggerPockets EP203 Rich Dad Poor Dad by Robert T. Kiyosaki |
Mon, 5 April 2021
So, you want to be a multifamily investor, but… You’ve never done a deal before. You don’t feel comfortable approaching potential partners. The pandemic has shut down all of the usual networking events. And you live six time zones ahead of the market where you’d like to invest. But what if all of these challenges are really just opportunities to grow? Suzy Sevier and Michael Barnhart are the husband-and-wife team behind Adventurous Real Estate Investors, a multifamily firm dedicated to helping avid travelers and adventure seekers create passive income and time freedom through apartment building investing. Suzy and Michael got interested in real estate during the lockdown, and in nine months, they have attended 10 virtual events, booked 600 networking calls, put together an experienced team and built a portfolio of 88 units—without leaving their home in the UK! On this episode of Apartment Building Investing, Suzy and Michael join cohost Garrett Lynch and me to share their genius system for turning virtual events into networking opportunities and following up with the people they meet. They explain why they built a thought leadership platform right away and describe what kind of educational content they create. Listen in for insight on how Suzy and Michael turn roadblocks into opportunities, making the best of the situation they’re in to make their dream of financial freedom a reality! Key TakeawaysHow Suzy & Michael got interested in real estate
How to turn virtual events into networking opportunities
How Suzy & Michael found virtual real estate events
Suzy & Michael’s system for following up with contacts
What kind of educational content Suzy & Michael create
When Suzy & Michael found the time for investing
The team of 6 Suzy & Michael created from networking
How Suzy & Michael got past their fears of networking
What it’s like for Suzy & Michael to work together
Why Suzy & Michael focused on content right away
Suzy & Michael’s advice for aspiring multifamily investors
Connect with Suzy Sevier & Michael BarnhartAdventurous Real Estate Investors Michael & Suzy’s Free Checklist ResourcesPartner with Michael Through the Deal Desk Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Explore Michael’s Platform Builders Framework Learn More About Deal Maker Live Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! by Robert G. Allen |
Mon, 29 March 2021
When you have a high-paying corporate job, it can be tough to walk away. But if time freedom is a priority for you, and you’re willing to take action, you absolutely CAN break out of the rat race and replace your W-2 income with multifamily real estate. Jenny Gou and Steven Louie are the Cofounders of Vertical Street Ventures, a multifamily investment firm dedicated to helping people achieve financial freedom through passive investing in real estate. Steve is an experienced multifamily investor with a portfolio of 2,500-plus units, and he recently quit his corporate job to focus on real estate full time. Jenny left the rat race early in 2020 with a portfolio of single-family homes, and since then, she has gone from zero to 800 multifamily units. On this episode of Apartment Building Investing, Jenny and Steve join me to discuss how they broke out of corporate America, describing the mindset of action and focus on family that drove their decision to walk away. They explain how their respective backgrounds in sales benefit their real estate business, sharing how it gives them a competitive edge in sourcing opportunities. Listen in for insight on the different roles on a multifamily team and learn how to achieve scale by partnering with other investors. Key TakeawaysHow Steve & Jenny met and became partners
What made Steve a good mentor for Jenny
Why Steve agreed to partner with Jenny
What appeals to Jenny about multifamily operations
How Jenny benefits from being a full-time investor
The roles on a multifamily real estate team
Why Steve & Jenny decided to partner NOW
What inspired Steve to leave a good corporate gig
How a sales background helps multifamily investors
What Steve & Jenny would tell their younger selves
Connect with Steven Louie & Jenny GouResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Explore Michael’s Platform Builders Framework Feedspot’s Top 40 Apartment Investing Podcasts CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. Kiyosaki |
Mon, 22 March 2021
Without the high-net-worth individuals who put money in our deals, we wouldn’t have a syndication business. And yet, most of us are terrible at showing our appreciation to the passive investors we work with. When a deal goes through, we send them a mug or hat with our logo on it and call it a day. But does that reflect what the relationship is actually worth to us? Is there a better way to do gifting? John Ruhlin is the Cofounder of Giftology Group, a strategic gifting consultancy that helps sales leaders, business owners and executives unlock loyalty and turn clients into raving fans. He founded Giftology Group in college to market Cutco Cutlery as a high-end corporate gift to companies of all sizes, and today, John is the #1 distributor in Cutco’s 60-year history. John is also a sought-after keynote speaker and author of Giftology: The Art and Science of Using Gifts to Cut Through the Noise, Increase Referrals, and Strengthen Retention. On this episode of Apartment Building Investing, John joins cohost Garrett Lynch to explain how he came to dominate the Cutco leaderboard using gifting to build relationships. He introduces us to the giftology system, describing how he leverages generosity to turn his best clients into salespeople and raving fans. Listen in for John’s insight on how much to allocate for gift-giving and learn how YOU can get a 10X return by investing in the people who make your business profitable. Key TakeawaysHow John came to dominate the Cutco leaderboard
John’s insight on the value of relationship-building
John’s concept of a return on relationship
The key ingredients of John’s giftology system
What makes John’s giftology system work
How much a business should allocate toward gift-giving
Why giftology requires a long-term commitment
John’s top examples of the benefits of giftology
Connect with John RuhlinEmail john@giftologygroup.com ResourcesJoin the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Jab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World by Gary Vaynerchuk John on Marketing for the Now with Gary Vaynerchuk |
Mon, 15 March 2021
There’s a lot of pressure on high school grads to go to college. Without a degree, the story goes, we can’t earn good money. But Cody Davis realized he didn’t need earned income if he could make passive income with real estate. And he didn’t let little things like being 19 years old and having no money or experience get in his way. Cody is a broker with Blackwell Real Estate in Tacoma, Washington, and multifamily investor with a portfolio of 24 units. And he just turned 21. Cody dropped out of college to get his real estate license just two years ago, and since then, he’s closed on two 12-unit deals—without using any of his own money! On this episode of Apartment Building Investing, Cody joins me to explain how he overcame the pressure to go to college and what inspired his mentor to take Cody on. He shares his unique approach to cold calling, discussing why sellers take him seriously despite his youth and how he’s building the skill of raising money. Listen in to understand how Cody used seller financing to do his first two deals and find out how he achieved financial freedom before he was old enough to buy a drink. Key TakeawaysHow Cody got interested in real estate
How Cody overcame the pressure to fit in with friends
How Cody found a mentor in Robert Slattery
What Cody would have done without a mentor
Why Cody is willing to broker deals for others
How Cody overcame the fear of cold calling
Cody’s first $1.1M 12-unit seller financing deal
Why sellers take Cody seriously despite his age
Cody’s second $680K 12-unit seller financing deal
Cody’s experience with the Law of the First Deal
How sellers benefit from seller financing
Cody’s advice for aspiring multifamily investors
Connect with Cody DavisEmail cody@blackwellre.com ResourcesJoin the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss Be Obsessed or Be Average by Grant Cardone Robert Slattery at Blackwell Real Estate |
Mon, 8 March 2021
When your WHY is big enough, you find a way. It doesn’t matter that you’re brand new to real estate investing. It doesn’t matter that you don’t have a college degree. And it doesn’t matter that you don’t have any money. Sadhana Sabharwal is the real estate investor and coach behind Single Mom Millionaire and The No Money Down Academy training course. Sadhana was a recently-divorced, single mother of three boys when she got into real estate, and in four years, she built a portfolio of 46 doors. Sadhana’s focus is on buying, renovating and holding properties for positive cashflow, and she specializes in creative financing strategies that leverage other people’s money to buy real estate. On this episode of Apartment Building Investing, Sadhana joins cohost Garrett Lynch and me to explain how a painful divorce inspired her real estate investing journey. She shares her approach to creative financing, describing how she funds deals with seller financing and why networking was so valuable in helping her learn the business. Listen in for insight on finding your WHY and learn how Sadhana’s positive mindset influences her success! Key TakeawaysHow Sadhana’s real estate investing journey began
How Sadhana got interested in real estate investing
How Sadhana funded her first deals with no money
Sadhana’s initial plan for real estate investing
How Sadhana overcame being female and a minority
Sadhana’s advice on getting started with real estate
Sadhana’s favorite creative financing techniques
How Sadhana got over the fear of asking for help
What needs to happen to have more women investors
The top lessons Sadhana learned from her divorce
Connect with Sadhana SabharwalResourcesJoin the Nighthawk Equity Investor Club What’s the Best Investment: The Stock Market or Real Estate? |
Mon, 1 March 2021
As a passive investors, we understand the importance of building a diverse portfolio. And while multifamily is the best investment on the planet, it doesn’t hurt to explore our options, especially when BIG opportunities present themselves. So, what are the opportunities in oil right now? And how do we choose a project that is likely to succeed? Bob Burr is the driving force behind Burrite, an investment firm that focuses on the acquisition and consolidation of oil and gas properties. A 47-year veteran of oil and energy finance, Bob is dedicated to helping the industry bounce back from the COVID crisis by providing the bridge capital necessary to weather the current economic storm. Bob is currently raising money for the BR Dome property, a project that involves recompleting 247 existing wells with room for 200 more. On this episode of Apartment Building Investing, Bob joins cohost Garrett Lynch and me to explain how he set himself up for buying opportunities when oil prices dropped and share the tax advantages of investing in oil. He walks us through the parallels between multifamily and oil, discussing the importance of putting together an experienced team that can identify and operate value-add projects. Listen in for Bob’s insight on why a passive investor should consider adding oil to their portfolio (even in the Biden era) and find out how YOU can get Bob’s Q&A video by shooting an email to admin@burrite.com. Key TakeawaysBob’s extensive background in the oil business
How Bob set himself up for buying opportunities in COVID
Bob’s BR Dome project in Houston
What Bob does to attract and maintain a strong team
The lessons Bob has learned through many market cycles
Bob’s insight on buying undervalued assets
How it works to invest in an oil project
Why Bob is optimistic about oil in the Biden administration
The parallels between investing in oil and real estate
Why a passive investor should add oil to their portfolio
How to learn more about investing in Bob’s oil projects
Connect with Bob BurrEmail admin@burrite.com for a link to Bob’s Q&A Video ResourcesLearn More About Michael’s Mentoring Program |
Mon, 22 February 2021
In real estate school, they teach you that the money is made when you buy. But that just isn’t true for apartment buildings. Yes, you have to buy right. But in the multifamily space, the money is made in the execution of your plan to increase revenue and reduce expenses. And the asset manager is responsible for making sure that happens. Daniel Simpson serves as Asset Manager at Nighthawk Equity, the investing arm of The Michael Blank organization. He has nearly 30 years of experience in multifamily, residential and commercial property management, developing an expertise in strategic business forecasting, budget allocation, complex data analysis and property financials. Daniel has an impressive track record of acquiring, renovating and repositioning C-class value-add properties in as little as 18 months. On this episode of Apartment Building Investing, Daniel joins me to share his hands-on approach to asset management, describing what he does on his monthly site visits and how he helps property managers optimize revenue and reduce expenses. He walks us through the metrics he uses to identify property management issues and explains why all problems come down to people. Listen in for Daniel’s insight on the limited role property managers should play in construction projects and learn when you should consider hiring a full-time asset manager! Key TakeawaysDaniel’s insight on the fundamentals of asset management
How often Daniel meets with property managers
When to take a hands-on approach with property managers
Daniel’s take on why all problems come down to people
What metrics Daniel watches closely as an asset manager
How to identify problems with property management
Daniel’s process for optimizing a multifamily business
How Daniel thinks about managing expenses
What Daniel does on his monthly site visits to a property
Why property managers should not handle construction
The role a property manager should play in construction
What an average syndicator can do if they can’t afford a GC
When it’s time to hire an asset manager for your business
Connect with Daniel SimpsonEmail daniel@nighthawkequity.com ResourcesLearn More About Michael’s Mentoring Program |
Mon, 15 February 2021
Yes, work ethic and taking action are key in becoming a successful real estate investor. But mindset is even more important. Before you can start working toward the life you want, you have to conquer middleclass thinking. You have to stop following the money and start making money follow YOU. Keith Weinhold is the real estate educator, entrepreneur and investor behind Get Rich Education, a platform designed to help people achieve financial freedom through real estate investing. An active member of the Forbes Real Estate Council, Keith is known for his expertise around buy-and-hold real estate, and he transacts 100-plus properties per year. Keith is also a bestselling author and host of the wildly popular Get Rich Education Podcast, a show with more than 3M downloads in 188 countries. On this episode of Apartment Building Investing, Keith joins cohost Garrett Lynch and I to explain why mindset is crucial in becoming a successful real estate investor, describing how to overcome middleclass thinking and make other people’s money work for you. He weighs in on why delayed gratification is overrated, challenging us to cultivate an abundance mentality and start living the life we want right now. Listen in for Keith’s insight on the ‘shadow demand’ in the housing market and learn why inflation is a good thing for YOU as a multifamily investor. Key TakeawaysWhy mindset is crucial in becoming a successful real estate investor
What inspired Keith to move to Alaska and invest in real estate
Why so many people settle and never take action to invest
The first steps to improving your quality of life with real estate
The problem Keith sees with middle class thinking
How real estate makes other people’s money work for you
Why more people aren’t investing in real estate over Wall Street
Keith’s mission through the Get Rich Education platform
Why Keith thinks delayed gratification is overrated
Why the property is the 4th most important thing in investing
Keith’s short-term outlook on the real estate market
Keith’s insight on shadow demand in the real estate market
The 3 ways inflation is good for real estate investors
Connect with Keith WeinholdResourcesLearn More About Michael’s Mentoring Program Keith on Apartment Building Investing EP034 Ted Benna on Get Rich Education EP197 Pew Research Statistics on Young Adults Living with Parents US Bureau of Labor Statistics Consumer Price Index Keith’s Inflation Triple Crown Video Keith’s Free eBook 7 Money Myths That Are Killing Your Wealth Potential |
Mon, 8 February 2021
Raising capital is at the heart of multifamily syndication. But how do you build relationships with prospective investors and make them feel comfortable enough to trust you with their hard-earned money? David Meilan is the Director of Investor Relations at Nighthawk Equity, the investing arm of The Michael Blank organization. He has worked in the multifamily space since 2018, raising over $100M in investor capital for a range of commercial syndications. David excels at maintaining relationships with investors, and he is committed to helping people achieve financial freedom through passive investing in multifamily real estate. On this episode of Apartment Building Investing, David joins me to discuss the importance of building relationships with investors and explain what he is doing to turn prospects into raving fans of Nighthawk Equity. He walks us through the steps of raising capital for a deal, describing how we make the process easy for investors and stay in communication after close. Listen in for David’s insight on producing content for potential investors and learn how to leverage strong investor relations to raise money for YOUR next multifamily deal! Key TakeawaysHow to turn prospective investors into raving fans
Why it’s important to build a relationship with investors
How David tracks his conversations with investors
David’s insight on the process of producing content for investors
How Nighthawk goes above and beyond on investor relations
What Nighthawk is doing to recognize strategic investors
What a Nighthawk Equity capital raise campaign looks like
How Nighthawk Equity streamlines the investing process
How David maintains investor relations once a deal closes
David’s advice for syndicators around raising capital
Connect with David MeilanResourcesJoin the Nighthawk Equity Investor Club Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Register for Michael’s Platform Builders Training |
Mon, 1 February 2021
They say that your network is your net worth. And Pat Hiban has proven this to be true over and over again. Making connections through networking and mastermind groups, he has established multiple business partnerships and created more than 30 passive income streams! So, how can we leverage what Pat has learned about building relationships to reach the next level of success in our own lives? Pat is the Cofounder of GoBundance, a business mastermind for healthy, wealthy, generous men who want to lead EPIC lives. A former top-performing real estate agent, Pat was the #1 RE/MAX agent in the world in 2004 and earned the same honor with Keller Williams in 2006, selling more than 4,000 homes worth over one billion dollars in the course of his career. Pat is also the former host of the Real Estate Rockstars Podcast and the author of 6 Steps to 7 Figures and Tribe of Millionaires. On this episode of Apartment Building Investing, Pat joins cohost Garrett Lynch and I to discuss what inspired his initial goal to become a millionaire and share the key lessons from 6 Steps to 7 Figures. He explains how his definition of success has evolved to focus on relationships and describes the power of joining a mastermind community. Listen in for Pat’s insight around building on your successes and learn how networking with other high-performing entrepreneurs can take YOUR business to the next level! Key TakeawaysWhat inspired Pat to become a millionaire
How Pat’s definition of success has changed
Pat’s key lesson from 6 Steps to 7 Figures
The key to Pat’s ongoing success
Pat’s insight around the value of relationships
The idea of horizontal income
What Pat is investing in right now
Connect with Pat HibanResourcesTribe of Millionaires: What If One Choice Could Change Everything? by David Osborn and Pat Hiban Learn More About Michael’s Mentoring Program |
Mon, 25 January 2021
We’ve always said that multifamily is recession-proof, and 2020 gave us a chance to prove it. While the stock market and other asset classes suffered in the pandemic, apartment buildings continue to provide steady cashflow and a safe place to keep our money growing for the long term. So, what can syndicators do to get this message to more people and build a successful real estate investing business? On this episode, I’m sharing the Best of 2020 on the Apartment Building Investing Podcast, beginning with last year’s biggest news—the Coronavirus pandemic. We revisit Drew Kniffin’s thoughts on the risk COVID poses for passive investors, Drew Whitson’s take on why multifamily is still the strongest asset class in real estate, and Russell Gray’s insight on how to protect your wealth in a crisis. We look back at my conversations with Pat Flynn and Amy Porterfield on marketing to investors online and my interview with Gino Wickman around what it takes to be a successful entrepreneur. Listen in for master deal maker Garrett Lynch’s insight on choosing the right market and get inspired by BiggerPockets VP Brandon Turner’s approach to achieving BIG things with tiny action. Key TakeawaysHow COVID is likely to impact passive investors in multifamily
Why multifamily is still the strongest asset class in real estate
What makes real estate a solid investment (even in a crisis)
What to look for in a multifamily real estate market
Who should consider building a thought leadership platform
Why an email list is more valuable than social media followers
How to choose the right lead magnet for your audience
The eight critical mistakes most entrepreneurs make
The eight disciplines for increasing your chances of success
The two kinds of ‘partner people’ in entrepreneurship
Why it’s crucial to have a clear vision for your business
Connect with Drew KniffinConnect with Drew WhitsonDrew at the Michael Blank Mentoring Program Connect with Russell GrayConnect with Garrett LynchConnect with Pat FlynnConnect with Amy PorterfieldConnect with Gino WickmanEntrepreneurial Leap: Do You Have What It Takes to Become an Entrepreneur? by Gino Wickman Connect with Brandon TurnerResourcesDrew Kniffin on Apartment Building Investing EP208 Drew Whitson on Apartment Building Investing EP228 Russell Gray on Apartment Building Investing EP226 Garrett Lynch on Apartment Building Investing EP231 Pat Flynn on Apartment Building Investing EP210 Amy Porterfield on Apartment Building Investing EP212 Gino Wickman on Apartment Building Investing EP243 Brandon Turner on Apartment Building Investing EP221 Bryce Stewart on BiggerPockets Podcast EP276 Find Out More About Deal Maker Live Learn More About Michael’s Mentoring Program Register for Michael’s Platform Builders Workshop What’s the Best Investment: The Stock Market or Real Estate? |
Mon, 18 January 2021
The most successful real estate investors find creative ways to increase their NOI either by adding amenities for residents or reducing expenses. But there is a new opportunity for property owners that you may not be aware of. What if you could earn more money by leasing out a portion of your building for a 5G cell phone tower? Hugh Odom is the Founder and President of Vertical Consultants, a telecom consulting firm that has advised major corporations such as Walmart, McDonald’s and Disney, as well as government institutions like the Department of Veterans Affairs, the New York Housing Authority and the United States Postal Service. Hugh served as an attorney for AT&T for 11-plus years, and today, he leverages his expertise in the telecom industry to help real estate investors earn additional income through cell tower leases. On this episode of Apartment Building Investing, Hugh joins cohost Garrett Lynch and I to explain why the cell tower industry is like oil 100 years ago, discussing what is driving the need for more cell towers and how lucrative a cell tower lease can be for investors. Hugh shares the do’s and don’ts of negotiating a cell tower lease, describing how it differs from a real estate transaction and what Hugh’s team does to help property owners with the process. Listen in to understand why cell tower investing is a safe bet for the long term and learn how YOU can take advantage of the opportunity to be a cell tower landlord! Key TakeawaysWhy the cell tower industry is like oil 100 years ago
What is driving the need for more cell towers
The do’s and don’ts of negotiating a cell tower lease
How lucrative a cell tower lease agreement can be for investors
How Vertical Consultants helps property owners
How to take advantage of this opportunity in cell towers
How 5G towers differ visually from traditional cell towers
The opportunity to become an operator of cell towers
Why cell tower investing is a safe bet for the long term
Who Hugh serves through Vertical Consultants
Connect with Hugh OdomResourcesJoin the Nighthawk Equity Investor Club |
Mon, 11 January 2021
So, you’ve done a multifamily deal or two, and your friends and family are maxed out in the money department. You’re ready to take on bigger and bigger deals, but you’re struggling to raise capital. What is the best way to grow your investor base? Dr. Jeff Anzalone is a full-time practicing periodontist and the creator of Debt-Free Doctor, a platform designed to help doctors and other high-income professionals generate passive income from real estate so they can STOP trading time for money. Jeff started his blog to share how he paid off $300K in student loan debt. But once he was debt-free, Jeff shifted his focus to investing and acquiring streams of passive income through multifamily syndications. Today, he is raising millions in days for real estate deals. On this episode of Apartment Building Investing, Jeff joins cohost Patricia Sweeney and I to discuss how the Debt-Free Doctor has evolved, explaining how he creates content consistently and what he does to promote the platform and grow his investor base. Jeff walks us through the benefit of joining his Passive Investors Circle, describing how he gives doctors and other overworked professionals options for earning passive income. Listen in to understand how serving his audience inspires Jeff to keep going and learn how he raised $2.7M in five days for his latest multifamily deal! Key TakeawaysWhat inspired Jeff’s interest in real estate investing
Jeff’s first experience with real estate investing
How Jeff’s website has evolved over the years
How Jeff got into raising capital for real estate syndications
Who Jeff serves through Debt-Free Doctor
What Jeff has done to grow his list
The benefit of joining Jeff’s Passive Investor Circle
How Jeff comes up with content ideas for his blog
How Jeff produces content consistently
What’s next for Jeff and his real estate platform
Jeff’s advice for syndicators struggling to raise capital
Jeff’s advice for aspiring platform builders
Connect with Jeff AnzaloneJeff’s Passive Investors Circle Jeff’s Free Passive Income Guide ResourcesRegister for Michael’s Platform Builders Incubator Join the Nighthawk Equity Investor Club |
Mon, 4 January 2021
Affirmations are a powerful tool in reaching our goals. They remind us why we do what we do, what we plan to achieve and the kind of person we want to become along the way. So, what does it look like to create an affirmation specific to real estate investing? An affirmation that will keep you on track all year long and make success inevitable? On this episode of Apartment Building Investing, I discuss the value of using affirmations to achieve financial freedom through multifamily real estate. I walk you through the process of constructing an affirmation the right way, describing the activities you can commit to as an aspiring syndicator and challenging you focus on those activities (rather than the outcome). Listen in for insight on taking tiny action toward your goals every day and learn how to build an affirmation that guarantees your success as a real estate investor! Key TakeawaysWhy you should use affirmations to achieve your goals
How to construct an affirmation the right way
The two activities aspiring syndicators can commit to
Why you can’t get emotionally attached to the results
The secret to success in real estate investing
ResourcesDownload Michael’s Affirmation for Multifamily Investors Learn More About Michael’s Mentoring Program Year in Review on Apartment Building Investing EP244 Michael’s 10-Minute Offer Technique |
Financial Freedom with Real Estate Investing
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