Mon, 31 August 2020
We’re told that our goals have to be time-bound. That we have to give ourselves a deadline if we want to achieve. The problem with that is too many of us quit three feet from gold, as the saying goes. But how do you stay committed when a year has gone by and you still don’t have your first multifamily deal? David Acosta was a mentoring student in The Michael Blank Investor Incubator. With no money and no background in investing, David leveraged his mentor, Drew Kniffin, and our Deal Maker’s Mastermind investor network to partner on his first venture, a 220-unit deal orchestrated by Ben Risser’s team. Six months later, David closed on a 48-unit deal in Lexington, KY, this time serving as lead syndicator! On this episode of Apartment Building Investing, David joins me to discuss how he did his first multifamily deal—without any money or previous real estate experience. He explains how having a mentor helped him build confidence and stay committed when his first deal took a few months longer than expected. Listen in for David’s insight on partnering with others to earn credibility and learn why it’s crucial to commit to the outcome you want, not the timeline. Key TakeawaysWhat prompted David’s interest in multifamily investing
What made David think he could skip SFH investing
Why David felt having a mentor was the right choice for him
David’s frustration with missing his 12-month goal
How David finally found his first deal
How the Law of the First Deal worked for David
What’s next for David as a real estate investor
David’s advice for aspiring multifamily investors
Connect with David AcostaResourcesPurchase the Replay of Deal Maker Live Learn More About Michael’s Mentoring Program Check Out Michael’s First Deal Maker Profiles Explore Michael’s Products & Programs Connect with Other Investors in the Deal Maker’s Mastermind Ed Hermsen on Apartment Building Investing EP225 Drew Kniffin at Nighthawk Equity |
Mon, 24 August 2020
Despite the disruption of COVID-19, multifamily investors are still doing deals. The question is, HOW? What’s working right now to get deals done? What isn’t? What are real people doing to find success in today’s market environment? On this episode of Apartment Building Investing, I’m handing the mic over to Drew Whitson to moderate a discussion with our mentoring team, Todd Dexheimer, Brad Tacia, Phil Capron and Matt Brawner, on what’s working now to get deals done. We explain how our mentoring students are leveraging the COVID pause to build relationships and how the balance of power has shifted among syndicator, buyer and broker in recent months. We go on to explore the benefit of a strong relationship with your property manager and how underwriting has changed in light of the pandemic. Listen in for insight into what makes multifamily the strongest asset class in real estate and learn the ONE thing our most successful students are doing right now to get deals done. Key TakeawaysWhat Matt’s most successful students have done in 2020
What Phil’s students are doing to acquire multifamily properties
Todd’s advice on how to talk to investors right now
How Brad is coaching his students around underwriting
How running a property management firm informs Matt’s underwriting
How underwriting has changed in light of the COVID pandemic
What makes multifamily the strongest asset class in real estate
The one thing our most successful students are doing right now
Connect with Drew, Todd, Brad, Phil & MattResourcesLearn More About Michael’s Mentoring Program Purchase the Replay of Deal Maker Live |
Mon, 17 August 2020
Our world is in upheaval. Between COVID-19 and the current riots, nothing feels normal. And this has a lot of investors asking, is now the right time to pursue multifamily? On this episode of Apartment Building Investing, I’m sharing my keynote address from Deal Maker Live 2020 on the current state of multifamily. I describe how multifamily is weathering the storm, explaining why it’s actually EASIER to raise money right now and why now IS the right time to invest in apartment buildings. Listen in for insight around how to adjust your underwriting in the current economic environment and get my advice on what you SHOULD be doing right now to achieve financial freedom! Key TakeawaysHow multifamily is performing right now
Why it’s easier to raise money in the current economic environment
When it’s the best time to invest in multifamily
How investors should adjust their tactics right now
What multifamily investors SHOULD be doing right now
ResourcesPurchase the Replay of Deal Maker Live Learn More About Michael’s Mentoring Program Join Michael’s Deal Maker’s Mastermind |
Mon, 10 August 2020
The black swan event financial pundits predicted has arrived in the form of the Coronavirus pandemic. But how, exactly, will the crisis play out in the markets? What does it mean for us as real estate investors? And what can we do to understand the changing reality, protect our wealth, and even capitalize on hidden opportunities? Russell Gray is the cohost of The Real Estate Guys Radio Show, a podcast and platform dedicated to helping investors stay focused, motivated and informed. A financial strategist with 30-plus years of experience in business, investing, mortgage lending and financial services, Russell provides unique and practical insights that support entrepreneurial investors in growing and protecting their wealth through real estate and real asset investing. He is also the coauthor of Equity Happens: Building Lifelong Wealth with Real Estate. On this episode of Apartment Building Investing, Russell joins me to share his take on the bigger story behind the pandemic, explaining how the government bailout will impact the value of the US dollar and its status as the world’s reserve currency. He walks us through the real estate strategies he likes right now, describing the benefit of investments that qualify as both REAL and ESSENTIAL. Listen in for Russel’s insight on protecting your wealth in a crisis and learn what YOU can do to adapt to the circumstances and thrive through a challenging time! Key TakeawaysRussell’s take on the biggest story behind the Coronavirus
Russell’s insight around the indicators that the dollar is weak
The consequences of the government’s Coronavirus bailout
How to protect your wealth from inflation, deflation and stagflation
Why now is a good time to be a real estate investor
The right and wrong way to measure your net worth
What real estate strategies Russel likes right now
Russell’s advice for investors taking a wait-and-see approach
Connect with Russell GrayEmail crisis@realestateguysradio.com for the Crisis Investing Webinar Email silverseries@realestateguysradio.com for the Silver Series Email preciousequity@realestateguysradio.com for the Precious Equity Tutorial ResourcesPurchase the Replay of Deal Maker Live Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Reuters Article on the Dollar Index Equity Happens: Building Lifelong Wealth with Real Estate by Robert Helms and Russell Gray FRED Index on the Purchasing Power of the Consumer Dollar |
Mon, 3 August 2020
According to the Law of the First Deal, a multifamily investor who buys their first apartment building will do their second and third deals in rapid succession, achieving financial freedom in just a year or two. But there is an exception to every rule, and Ed Hermsen is the ONE investor I know who did his first deal—and then life got in the way. So, what can he teach us about keeping momentum and staying committed to our multifamily goals? Ed grew a portfolio of single-family rentals while working as a mortgage loan officer in Fort Collins, Colorado. Five years ago, he started studying multifamily and eventually partnered with a close friend on a 22-unit deal in Pensacola, Florida. After revisiting his goal to retire by 50, Ed realized he needed to recommit to multifamily, and in the last two years, he has leveraged the partnership model to build a portfolio of 210 units and quit his job with real estate! On this episode of Apartment Building Investing, Ed joins me to describe how a 9-to-5 in mortgage banking inspired his real estate investing career and share his secrets to successful multifamily investing with partners. He discusses what made him the sole exception to the Law of the First Deal, explaining why there’s a four-year gap between his first and second deal and what finally inspired him to get back in the game. Listen in for Ed’s insight on the value of accountability and learn what YOU can do to stay committed to your multifamily goals. Key TakeawaysHow Ed got into real estate
What inspired Ed to pursue financial freedom with multifamily
Ed’s first multifamily deal
Ed’s second multifamily deal
How Ed found his partners
Ed’s insight on building successful partnerships
What made Ed the exception to the Law of the First Deal
Ed’s advice around staying committed to your multifamily goals
Ed’s latest multifamily deal
What’s next for Ed
Ed’s advice for aspiring multifamily investors
Connect with Ed HermsenEmail edhermsen14114@gmail.com ResourcesPurchase the Replay of Deal Maker Live Learn More About Michael’s Mentoring Program Fellowship of Christian Athletes The Ultimate Guide to Buying Apartment Buildings with Private Money |
Financial Freedom with Real Estate Investing
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