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 |
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