Financial Freedom with Real Estate Investing

Can you be successful in real estate investing and successful at a demanding job at the same time? 

Andrew Schutsky serves as the CIO of a $700M medical technology company. He also happens to be the founder of multifamily syndication firm Redline Equity and host of The Crushing Cashflow Podcast

Andrew has 14 years of real estate rental experience but didn’t enter the multifamily space until last year. Since then, he has built a portfolio of 1100 units!

On this episode of Financial Freedom with Real Estate Investing, Andrew joins cohost Garrett Lynch and me to explain how he built a real estate business while working an executive level W-2 job. 

He describes how he networked into his first deal and offers advice on finding a partner who complements your strengths. 

Listen in for insight on the strategy of time budgeting and find out how Andrew is making time for his family, his full-time job and financial freedom.

Key Takeaways 

What inspired Andrew’s interest in real estate

  • Want to make best use of money 
  • Realized could replace income later

Andrew’s shift to multifamily

  • Came across blog of local syndicator
  • Networked into first deal

Andrew’s advice on finding a partner

  • Share criteria, e.g.: 50- to 125-unit deals
  • Align objectives and values

 How Andrew balances real estate with his W-2

  • Devote 15 to 20 hours/week 
  • Work in 5 to 7AM window

Andrew’s strategy of time budgeting

  • Decide how to spend time, audit often
  • Break down to align with goals

How Andrew makes time for his family

  • Sacred window from 7 to 9PM
  • Wife holds accountable if off track

Andrew’s morning routine

  • Read 20 pages or listen to podcast
  • Meditation or 15-minute workout

How Andrew stays on track to reach his goals

  • Join/create accountability groups
  • Post goals and track progress

How Andrew thinks about his W-2 job

  • Can't control what will happen
  • Option to exit in 2 years

What financial freedom means to Andrew

  • Cover expenses with passive income
  • Spend 40 on family and passions

Andrew’s advice to aspiring investors

  • Find fun in chaos
  • Be ruthless in how invest time
  • Focus on your strengths

Connect with Andrew Schutsky

Redline Equity

Redline Equity on LinkedIn

Redline Equity on Facebook

The Crushing Cashflow Podcast

Crushing Cashflow on LinkedIn

Crushing Cashflow on Facebook 

Andrew on LinkedIn 

Email andrew@investwithredline.com 

Resources

Access Michael’s Free Resources in the Freedom Vault 

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Review the Podcast on iTunes [Text CONTEST to 66866]

Financial Freedom with Real Estate Investing by Michael Blank 

The 80/20 Rule on Financial Freedom with Real Estate Investing EP289 

BiggerPockets

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP303.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

It’s a common misconception in multifamily investing that you have to start small. But Chris Roberts looked beyond his first deal to envision a multimillion-dollar real estate business. He accelerated his success by thinking BIG from the beginning, acquiring nearly 1,000 units worth $69M in just three years. So, what’s the secret to scaling fast the way Chris did?

Chris is the Founder and CEO of Sterling Rhino Capital, where he specializes in commercial debt, managing financials and investor relations. A full-time entrepreneur and investor since 2007, Chris started his real estate career by renovating, flipping and renting dozens of single-family properties. But after attending one of our events, Chris shifted his focus to helping people create cashflow by investing in larger apartment buildings of 100 units or more. 

On this episode of Financial Freedom with Real Estate Investing, Chris joins cohost Garrett Lynch and me to share the process he used to scale quickly and achieve financial freedom. He explains why finding the right partner was key in growing Sterling Rhino and describes his team's make-it-personal approach to finding deals and raising money. Listen in for Chris’ insight on investing in mentorship and find out what it takes to build a BIG real estate investing business—in very little time.

Key Takeaways 

What inspired Chris to invest in multifamily real estate

  • Motivated by money at first
  • Passive cashflow = freedom

The mindset shift that propelled Chris into action

  • Realized one person’s decision could change future
  • Would much rather control own destiny

The process Chris used to scale quickly

  • Take massive action
  • Invest in tools, mentors for support

Chris’ transition from sales and marketing to multifamily

  • Already people person, love business planning
  • Had to overcome fears and bring on team

How Chris and his business partner divide roles

  • Paul excels at numbers, analytics and systems
  • Chris focuses on investor relations

Chris’ approach to deal flow and raising money

  • Set yourself apart by ‘making it personal’
  • Create frictionless process of doing business

What Chris is doing to handle scaling quickly

  • Software to manage assets and team
  • Grow team

Chris’ advice on how to scale fast in multifamily

  • Don’t be afraid to partner
  • Join programs for tools, guidance and networking

Connect with Chris Roberts

Sterling Rhino Capital 

Sterling Rhino on YouTube 

Sterling Rhino on Facebook 

Sterling Rhino on LinkedIn 

Charging Forward Podcast

Resources

Get Tickets for Deal Maker Bootcamp

Learn More About Michael’s Mentoring Program

Join the Deal Maker’s Mastermind

Register for the Deal Maker Certification Program

Buy Michael’s Syndicated Deal Analyzer 

Access Michael’s Free Resources in the Freedom Vault

Join the Nighthawk Equity Investor Club

Review the Podcast on iTunes [Text CONTEST to 66866]

Financial Freedom with Real Estate Investing by Michael Blank

ActiveCampaign

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP302.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

In a culture with an aversion to failure, learning something new is scary. So, what is the best way to build new skills? How much information do you need before you start doing? And how do you keep moving forward when it gets hard?

Real Estate Investor and Developer Jerome Maldonado got his start in direct sales and built a six-figure network marketing business in his mid-20’s. He leveraged those skills in team building and sales mastery to pivot into real estate and construction. Today, Jerome runs an eight-figure empire, and he is currently focused on land development and multifamily investing.

On this episode of Financial Freedom with Real Estate Investing, Jerome joins cohost Garrett Lynch and me to share his blueprint for getting into a new business and offer advice on how to stick with something when it gets hard. He explains how he developed such a strong work ethic, describing how he built a successful construction business and what inspired his pivot to buying land. Listen in for insight on minimizing risk as a land developer and learn Jerome’s secret to developing new skills as an entrepreneur and real estate investor!

Key Takeaways 

How Jerome developed a strong work ethic

  • Parents set example growing up
  • Learned from competitive sports

What skills most contribute to Jerome’s success

  • Consistency
  • Stay focused through difficult times

Jerome’s advice on sticking with something

  • Have faith in what you’re doing
  • Press yourself in multiple ways

 How Jerome built a successful construction business

  • Helped brother-in-law take over crew
  • Leveraged sales experience to win big bids

What inspired Jerome’s pivot to buying land

  • Met developer at construction site
  • Not afraid to ask questions about business

Jerome’s blueprint for getting into a new business

  • Take time to get educate yourself
  • Be a DOER (but be methodical)

Jerome’s reduce-the-risk approach to land development

  • Work through entitlements during due diligence
  • Ready to start immediately once land acquired

How to learn more about land development

  • Surround yourself with right people
  • Inundate yourself with material
  • Give up equity to veteran partner on first deal

Connect with Jerome Maldonado

Jerome’s Website 

Jerome on Twitter 

Jerome on Instagram 

Jerome on Facebook 

Jerome on YouTube

Resources

Get Tickets for Deal Maker Bootcamp

Download Michael’s Special Report—What's the Best Investment: The Stock Market or Real Estate?

Review the Podcast on iTunes [Text CONTEST to 66866] 

Access Michael’s Free Resources at the Freedom Vault

Learn More About Michael’s Mentoring Program

Financial Freedom with Real Estate Investing by Michael Blank

Tai Lopez 

Grant Cardone on Financial Freedom with Real Estate Investing EP188

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP301.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

We had some inspiring guests on the podcast in 2021, all with their own particular interest or expertise around achieving financial freedom. But the one thing they all have in common is the powerful combination of hard work and passion it takes to achieve next-level success.

So, what were some of the highlights from our interviews this past year? What are my top takeaways from the entrepreneurs and real estate investors who appeared on the show?

On this episode, I’m sharing the Best of 2021 on Financial Freedom with Real Estate Investing, beginning with Jordan Harbinger’s insight on building relationships BEFORE you need them and Brandon Turner’s simple approach to developing your personal brand.

We revisit John Lee Dumas’ dynamic formula for becoming a person of value, Joe Fairless’ perspective on raising capital through a fund and Chad Williams’ thoughts on applying Navy SEAL principles to your multifamily business.

Listen in as we look back at Liz Faircloth’s commitment to building the Real Estate InvestHER community, Jenny Gou’s experience of leaving her high-paying corporate job for real estate, and Ronan McMahon’s understanding of opportunities to invest internationally!

Key Takeaways

Jordan Harbinger’s proactive approach to networking

  • ‘Dig the well before you’re thirsty’
  • Don’t wait until you need something to reach out

Brandon Turner’s insight on building a personal brand

  • Consider how people already think about you
  • Lean into what you’re good at (simplicity is key)

John Lee Dumas’ take on what it takes to be successful

  • Hard work + passion wins every time
  • We develop passion for things we’re good at

Liz Faircloth's passion for the Real Estate InvestHER community

  • Support women investors, provide role models
  • Thrive better in marriage to have own business

Joe Fairless’ insight on raising capital through a fund

  • Con = miss out on ‘lightning in a bottle’
  • Pro = spread out capital raise over time

Chad Williams’ take on applying SEAL principles to multifamily

  • Control emotions regardless of circumstances
  • Take on role of servant leader

Jenny Gou’s experience of quitting her job for real estate

  • Inspired by desire to prioritize time with family
  • Left corporate job, grew to 800 units in 10 months

Ronan McMahon’s insight on investing internationally

  • Big buying moment always happening somewhere
  • Identify places with significant upside potential

Resources

Register for Michael’s Deal Maker Bootcamp

Access Michael’s Deal Maker Certification

Join the Deal Maker Mastermind

Learn More About Michael’s Mentoring Program

Get Your Tickets for Deal Maker Live

Download Free Resources from The Freedom Vault

Review the Podcast on iTunes [Text ‘contest’ to 66866]

Financial Freedom with Real Estate Investing by Michael Blank

Dig Your Well Before You’re Thirsty: The Only Networking Book You’ll Ever Need by Harvey Mackay

GoBundance

BiggerPockets

Dave Meyer’s Data Deli on Instagram

Podcast Show Notes

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP300.mp3
Category:Commercial Real Estate -- posted at: 12:00pm EDT

One of the best things you can do for yourself at the end of each year is take time to reflect on what you’ve learned and achieved. Celebrate your wins and apply the lessons learned as you plan for the year to come.

On this solo episode of Financial Freedom with Real Estate Investing, I reflect on 2021 through the lens of our core values here at the Michael Blank brands, sharing what I’ve learned about making intentional decisions based on what’s really important to you.

I discuss some of the milestones we’ve achieved in the last year, celebrating the launch of our Deal Maker Certification program and the three deals we closed through our investing arm, Nighthawk Equity.

Listen in for insight into the market outlook for multifamily in 2022 and find out what we’ve got planned for the new year—and how YOU can be part of our mission to help 1,000 families achieve financial freedom in the next five years!

Key Takeaways

The benefit of examining your core values

  • Focus on what’s important and make decisions accordingly
  • Align with right partners, team members and community

Our core values here at The Michael Blank brands

  1. Do what you say
  2. Do your best
  3. Make a difference
  4. Get stuff done

The Michael Blank brands milestones for 2021

  • Onboard several new team members
  • Host Deal Maker Live (first in-person event since COVID)
  • 1,000 reviews of book on Amazon
  • Launch Deal Maker Certification
  • Mentoring students close 1 deal/ week
  • Consolidate free resources at The Freedom Vault

Our podcast milestones in 2021

  • Rebrand to better reflect mission
  • Surpassed 3M downloads
  • Notable guests (Jordan Harbinger, David Meltzer, etc.)

Nighthawk Equity milestones for 2021

  • Closed 3 deals totaling 491 units, $90M
  • Built social media presence on LinkedIn and Instagram
  • Completed value-add renovations at 3 properties

My top lessons learned in 2021

  • Know core values and be intentional
  • Surround self with quality partners

The Michael Blank brands plan for 2022

  • Help 1,000 families become financially free in next 5 years
  • Build out Deal Maker Journey programs
  • Expand team and introduce new faces/voices

Why we believe multifamily will continue to do well in 2022

  • Millennials prefer to rent rather than own
  • Opportunities to increase value of assets

Why multifamily prices are likely go up in 2022

  • Growing inflation and higher incomes
  • Ongoing low interest rates, demand for affordable housing

My advice on creating an intentional plan for 2022

  • Reflect on what worked and what didn’t in last year
  • Write vivid vision and plan goals accordingly
  • Get clear on what financial freedom means to you

Resources

Get Your Tickets for Deal Maker Live

Access Michael’s Deal Maker Certification

Learn More About Michael’s Mentoring Program

Download Free Resources from The Freedom Vault

Join the Nighthawk Equity Investor Club

Register for Michael’s Deal Maker Bootcamp

Join the Deal Maker Mastermind

Review the Podcast on iTunes

Uganda Counseling and Support Services

Syndicated Deal Analyzer

The Core Value Equation: A Framework to Drive Results, Create Limitless Scale and Win the War for Talent by Darius Mirshahzadeh

Core Values on Financial Freedom with Real Estate Investing EP292

Navy SEAL Chad Williams

Financial Freedom with Real Estate Investing by Michael Blank

Nighthawk Equity on LinkedIn

Nighthawk Equity on Instagram

RIch Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (by 8AM) by Hal Elrod

Vivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of the Future by Cameron Herold

Five Minute Journal App

The State of Multifamily on Financial Freedom with Real Estate Investing EP283

Consumer Price Index

Podcast Show Notes 

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP299.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

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