Financial Freedom with Real Estate Investing

January 2022
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Mon, 31 January 2022

MB303: How to Balance Multifamily with a Demanding W-2 – With Andrew Schutsky

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

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

Mon, 24 January 2022

MB302: To Scale Fast, Think BIG from the Beginning – With Chris Roberts

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

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

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

Mon, 17 January 2022

MB301: A Blueprint for Developing New Skills – With Jerome Maldonado

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

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

Mon, 10 January 2022

MB300: The Best of 2021 on Financial Freedom with Real Estate Investing

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

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

Apartment Investor Network Facebook Group

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

Mon, 3 January 2022

MB299: 2021 Year in Review & Market Outlook for 2022

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!