Financial Freedom with Real Estate Investing
Are you confused by cryptocurrency, the blockchain or NFTs? 

As real estate investors, we’re all about wealth creation and owning physical assets as a hedge against inflation. But what about digital assets?

Is it worth investing in cryptocurrencies like Bitcoin? What is blockchain technology all about? And how can it change the world for the better?

Matthew Diemer is a small business entrepreneur and host of the Decrypt Daily Podcast. Prior to Decrypt Daily, he founded Crypto 101 and held the titles of COO and GM in the global hospitality industry. Matthew is also a Democrat running for Congress in Northeast Ohio dedicated to supporting entrepreneurship, promoting tech innovation and reviving manufacturing in the US.

On this episode of Financial Freedom with Real Estate Investing, Matthew joins host Garrett Lynch and me to discuss the benefits of blockchain technology, describing what makes crypto a good investment vehicle and why Bitcoin is a strong hedge against inflation.

Matthew explains how crypto allows us to control our own wealth and what we can do to keep our digital currency outside government control.

Listen in for Matthew’s insight into buying digital real estate and learn how the blockchain can be used to create wealth by tokenizing properties.

For full episode show notes visit: http://www.themichaelblank.com/session311/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP311.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

Most entrepreneurs believe that we are the secret sauce in our business. We think that no one else can bake the cupcakes or design the websites or analyze the real estate deals quite the way we do.  But if you’re busy building the product, who’s building the business?  This is what Curtis Morley calls the entrepreneur’s paradox: In order to scale, you've got to shift your passion from working IN the business to working ON the business.

Curtis is the five-time entrepreneur, mentor and thought leader behind The Entrepreneur’s Paradox, a platform dedicated to helping startup companies achieve next-level growth. Curtis has been named Entrepreneur of the Year and made the Inc. 5000 list six times. He is also the bestselling author of The Entrepreneur’s Paradox: How to Overcome the 16 Pitfalls Along the Startup Journey.

On this episode of Financial Freedom with Real Estate Investing, Curtis joins host Garrett Lynch to explain the entrepreneur’s paradox, challenging us to shift from the role of product manager to business leader and achieve the next level of growth.

Curtis shares his concept of counterfeit emotions, describing how to turn fear into power with a simple shift from WHAT IF to WHAT IS thinking.

Listen in for Curtis’ four-step success formula for entrepreneurs and learn how to make the mindset shift you need to scale YOUR real estate syndication business.

Key Takeaways 

How Curtis defines the entrepreneur’s paradox

  • What got you into business prevents you from succeeding
  • ‘If you’re building the product, who’s building the business?’

The first steps to becoming a business leader

  • Make decision to replace yourself as product manager
  • Identify and document your processes, teach to others

Curtis’ 3 summits you can climb as an entrepreneur

  1. Lifestyle business
  2. Buy or be bought
  3. IPO

Curtis’ 4-step success formula for entrepreneurs

  1. How much
  2. By when
  3. For what
  4. And why

Curtis’ advice for deciding what’s next after an exit

  • Stay committed to your WHY
  • Must have purpose, make contribution

Curtis’ concept of counterfeit emotions

  • Every authentic emotion has counterfeit (e.g.: faith vs. fear)
  • Authentic emotions connect, while counterfeit disconnect

How to transform your FEAR into POWER

  • Change WHAT IF into WHAT IS
  • Brings you back to present and creates energy

How Curtis uncovered the idea of counterfeit emotions

  • Pain = gift to help us grow, suffering steeped in blame/shame
  • Surrender to pain and turn it into something positive

Connect with Curtis Morley

The Entrepreneur’s Paradox

Resources

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Access Michael’s Free Resources in the Freedom Vault 

Review the Podcast on iTunes

Financial Freedom with Real Estate Investing by Michael Blank 

The Entrepreneur’s Paradox: How to Overcome the 16 Pitfalls Along the Startup Journey (Keys to Success for a Startup Company) by Curtis Morley 

Summit on the Summit 

Simon Sinek

Richard Bass

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Michael on TikTok

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP310_v2.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

In aerospace engineering, ‘escape velocity’ is the amount of power a rocket needs to break free of the Earth’s gravitational field. And if you ask Jonathan and Paula Nichols, launching a real estate syndication business is no different.

It takes a tremendous amount of effort up front to do your first deal. You have to commit to the outcome and do whatever it takes to persevere through setbacks and disappointment. But once you’ve picked up momentum and closed on your first apartment building, the next deals follow in quick, almost automatic succession.

Jonathan and Paula are the cofounders of Apogee Capital, a multifamily firm dedicated to helping investors reach their financial potential. The Nichols closed on three deals in the last year, raising $2.7M as they built a portfolio of 200 units, and Jonathan quit his job as an aerospace engineer six weeks ago to pursue real estate full time.

On this episode of Financial Freedom with Real Estate Investing, Jonathan and Paula join cohost Garrett Lynch and me to discuss the sacrifices they made to make time for real estate while they both worked full-time corporate jobs.

Jonathan and Paula walk us through the steps they took to get started in multifamily syndication, describing how they got on the same page as a couple and started networking with potential partners.

Listen in for insight on reframing a lost deal as a learning opportunity and learn how to stay the course in tough times and keep taking action—until YOUR investing business takes off!

Key Takeaways 

How Jonathan and Paula got into real estate

  • Rich Dad... inspired to lease first home, buy fourplex
  • Realized multifamily was only way to scale

How real estate evolved into a business for the Nichols

  • Started as way to diversify investments
  • Saw unlimited possibilities once they gained traction

How Jonathan and Paula got on the same page

  • Both wanted to build legacy
  • Saw real estate as potential family business

The steps Jonathan and Paula took to get started investing

  1. Dreaming about financial freedom
  2. Getting educated (mentorship program)
  3. Networking to shift mindset
  4. Taking consistent action to build confidence

How Jonathan and Paula made time for real estate

  • Say no to fun activities on nights and weekends
  • Make sacrifices to reach ‘escape velocity’

Jonathan and Paula’s first multifamily deal

  • Co-GPs on 100-unit deal in Tulsa, Oklahoma
  • Brought in as boots on ground in market

How Jonathan and Paula met their partners

  • Develop relationship through networking events
  • Brought them deal that didn’t work out

Jonathan and Paula’s big setback 5 months ago

  • Actual financial records didn’t match originals
  • Discouraging but consider it learning opportunity

How Jonathan and Paula raised $700K for their first deal

  • Saw value in being flexible enough to learn new skills
  • Leveraged relationships from W-2 jobs, real estate

What’s ahead for Jonathan and Paula in the next 2 years

  • Actively looking for new deals, talking to investors
  • Executing on business plan of existing deals

Jonathan and Paula’s plan to scale

  • Network with potential partners
  • Outsource and automate parts of business
  • Increase capacity to do larger deals

Jonathan and Paula’s advice for aspiring investors

  • Take consistent action on daily basis
  • Don’t get discouraged in tough times
  • Dream BIG and don’t limit yourself

Connect with Jonathan & Paula Nichols

Apogee Capital 

Jonathan on LinkedIn

Resources

Get Tickets for Deal Maker Live

Buy Michael’s Syndicated Deal Analyzer 

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Access Michael’s Free Resources in the Freedom Vault 

Review the Podcast on iTunes

Financial Freedom with Real Estate Investing by Michael Blank 

National Real Estate Investors Association

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

Suzy Sevier & Michael Barnhart on Financial Freedom with Real Estate Investing EP260

Dream Big: Know What You Want, Why You Want It, and What You’re Going to Do About It by Bob Goff

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Michael on TikTok

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP309.mp3
Category:Commercial Real Estate -- posted at: 2:00am EDT

Multifamily real estate is a big game. And if you want to scale quickly, you can’t do it alone.

That’s how Patrick Grimes went from 0 to 1,200-plus units in under two years. 

He partnered with a senior operator to go further faster, leveraging his partner’s expertise to build a $250M portfolio in a very short time.

But how did he get an experienced investor to invite him into a deal? 

Patrick is the Founder and CEO of Invest on Main Street and contributor to the #1 Amazon bestseller Persistence, Pivots and Game Changers: Turning Challenges Into Opportunities. Patrick also runs Protomation Systems, a consulting business that contracts with machine design firms to conceptualize, design and build custom manufacturing automation and robotic systems. 

On this episode of Financial Freedom with Real Estate Investing, Patrick joins cohost Garrett Lynch and me to explain how he brought value to an experienced operator to get into his first multifamily deal.

Patrick shares his experience with the Law of the First Deal, describing how his role on the team shifted as his portfolio grew.

Listen in for Patrick’s insight on mitigating the risks of multifamily investing and find out why partnering up is the best way to scale your business and get on the fast track to financial freedom!

Key Takeaways 

How Patrick got into real estate investing

  • First employer suggested keeping money in real estate
  • Looking for investment vehicle other than stock market

How Patrick’s investing strategy changed after 2008

  • Focus shifted to legacy and improving quality of life
  • Scale with multifamily, partner to accelerate growth

How Patrick got his wife involved in real estate investing

  • Invited to do Michael’s Ultimate Guide... course
  • Now she creates passive investor educational content

The steps Patrick took to get his first multifamily deal

  • Underwrite and bring live deals to senior operator
  • Network and build relationships with brokers

How Patrick justifies the risk associated with multifamily

  • Right team in place and experienced partners
  • Low-leveraged debt in less volatile markets

Patrick’s pivot away from deal finder into other roles

  • Drawn into existing deal by senior operator
  • Add value through due diligence, operations, etc.

Patrick’s experience with the Law of the First Deal

  • Started raising capital through engineering network
  • 2nd and 3rd deals in quick succession (KP on $200M)

Why Patrick chose the 506(c) option

  • Used to accredited investors, $100K minimums
  • Allows him to market deals online

The biggest challenge Patrick is facing as he scales

  • Get name out there as real estate investor
  • Demo thought leadership on podcasts and in writing

Patrick’s advice for aspiring multifamily investors

  • Partner up to accelerate your growth
  • Find where your skills fit and bring value

Connect with Patrick Grimes

Invest on Main Street 

Patrick on Forbes

Schedule a Call with Patrick

Resources

Get Tickets for Deal Maker Live

Buy Michael’s Ultimate Guide to Apartment Building Investing

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Access Michael’s Free Resources in the Freedom Vault 

Review the Podcast on iTunes

Financial Freedom with Real Estate Investing by Michael Blank 

Persistence, Pivots and Game Changers: Turning Challenges into Opportunities by Patrick Grimes et al.

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Michael on TikTok

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP308.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

1