Financial Freedom with Real Estate Investing

Robert Kiyosaki’s Cone of Learning illustrates that while we only remember 10% of what we read after two weeks, we recall a full 90% of what we say and do. And that’s why aspiring investors who work through a simulation of their first deal are so much more confident than those who don’t practice the process beforehand. 

But what does it look like to simulate your first multifamily deal? Where can you go to rehearse the steps in the Deal Maker Blueprint and gain the confidence to follow through?

On this episode of Financial Freedom with Real Estate Investing, Nighthawk Equity President Drew Kniffin joins me to discuss our upcoming Deal Maker Bootcamp in Orlando this January and explain how the workshop simulates the process of finding and closing on your first multifamily deal.

We explore the benefits of simulating your first deal and following a proven process, challenging you to master the critical skill of analyzing deals quickly and accurately. 

Listen in for insight on the three kinds of people you need in your real estate network (and where to find them) and learn our top strategies for simulating your first apartment deal and building confidence while you practice in a safe environment.

Key Takeaways 

Robert Kiyosaki’s Cone of Learning

  • Remember 10% of what we read
  • Remember 50% of what we see and hear
  • Remember 90% of what we say and do

The benefits of simulating your first deal

  • Builds confidence
  • Know what to expect if LOI accepted

How to simulate your first multifamily deal

  • Practice in throw away market
  • Visit larger properties
  • Build sample deal package

The 3 kinds of people you should network with

  1. Peer group (Deal Maker’s Mastermind)
  2. Mentors who’ve done what you want
  3. Partners with complementary skills

Why we recommend following a proven process

  • Don’t have figure out next step on own
  • Avoid expensive mistakes

The benefit of being able to analyze deals

  • Need for negotiating and making offers
  • Confidence to talk to brokers/investors

Connect with Drew Kniffin

Nighthawk Equity

Drew on Twitter

Drew on LinkedIn

Resources 

Register for Michael’s Deal Maker Bootcamp 

Learn More About Michael’s Mentoring Program

Join Michael’s Deal Maker’s Mastermind

Learn More About Deal Maker Live 

Get Michael’s Blueprint to Your First Multifamily Deal

Access Michael’s Syndicated Deal Analyzer

Join the Nighthawk Equity Investor Club

Financial Freedom with Real Estate Investing by Michael Blank 

Robert Kiyosaki’s Cone of Learning 

Sample Deal Package 

The Deal Maker Certification on MB EP262 

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_EP294.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

Imagine having the ability to raise $100M for syndication deals in less than 18 months on your favorite social media platform! The fact is, you can take advantage of Facebook, Instagram and even TikTok to reach accredited investors and build connection until they trust you with their money. But how do you create a personal brand and grow an audience online?

Brandon Turner is a real estate investor, entrepreneur, speaker and host of the BiggerPockets Podcast. He serves as Founder and Managing Partner at Open Door Capital, a firm that focuses on value-add multifamily properties and mobile home parks. Brandon is also the coauthor of the recently released two-volume series The Multifamily Millionaire

On this episode of Financial Freedom with Real Estate Investing, Brandon joins cohost Garrett Lynch and me to discuss his recent shift to large multifamily projects, explaining how his platform allows him to raise tens of millions in days on Instagram. He shares his passion for mobile home parks, challenging aspiring investors to ‘follow our fire’ and surround ourselves with the people doing what we want. Listen in for Brandon’s insight on building a personal brand and learn to leverage the power of a platform to scale your syndication business!

Key Takeaways 

What inspired Brandon’s shift to large multifamily

  • Got in room with investors doing bigger projects
  • Realized not aligned with what could be doing

Why Brandon is fired up about mobile home parks

  • Wanted to be at bottom of market in recession
  • Love challenge of hard things (passion = suffering)

Brandon’s pivot to large multifamily syndications

  • Bring ability to raise capital to JV partnerships
  • 3 deals worth more than 20 mobile home parks

Why Brandon likes building his platform on Instagram

  • Good for getting people to know, like and trust you
  • People choose to invest based on how you live

How Brandon would build a following if he had to start over

  • Use Instagram reels/TikTok to reach lots of people
  • Build connection on Instagram, funnel to email list

Why Brandon is building his email and text lists

  • Instagram can’t take away addresses or phone #s
  • Reach out to accredited investors (high open rate)

Brandon’s insight on building a personal brand

  • How other people feel when think about you
  • Lean into what people say, e.g.: @thedatadeli

The pros and cons of investing in small multifamily

  • Less cash required and easier to manage
  • Can only get so big, more competition on deals

The pros and cons of investing in large multifamily 

  • More risk, must be good at business
  • Can scale quickly and buy $1B in short time

Brandon’s advice to aspiring multifamily investors

  • Option 1—learn with small projects and scale up
  • Option 2—bypass with help of mentor/partner
  • Follow your fire

Connect with Brandon Turner 

Brandon on Instagram

Brandon on TikTok

Brandon on BiggerPockets 

The Multifamily Millionaire, Volume I by Brandon Turner and Brian Murray

The Multifamily Millionaire, Volume II by Brandon Turner and Brian Murray

Resources 

Find Out More About Michael’s Platform Builders Masterclass

Get Tickets for Deal Maker Bootcamp 

Join the Nighthawk Equity Investor Club

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

Register for Deal Maker Live

Learn More About Michael’s Mentoring Program 

Financial Freedom with Real Estate Investing by Michael Blank

Brandon Turner on Financial Freedom with Real Estate Investing EP221 

BPCON

Brian Murray on LinkedIn 

Slybroadcast 

Dave Meyer on Instagram 

Joe Fairless 

Grant Cardone 

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_EP293.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

Multifamily investing is a team sport. And choosing the right partners and team members is critical. But how do you go about determining who is a good fit for your organization and who isn’t?

On this solo episode of Financial Freedom with Real Estate Investing, I discuss the importance of figuring out what you stand for and then using those core values to make decisions in your investing business.

I walk you through the process of determining your core values, explaining how to choose your themes and translate them into easy-to-memorize headers.

Listen in for insight around our core values here at the Michael Blank organization and learn how to get clear on your own values and use them to find the right partners and team members for your investing business! 

Key Takeaways 

The importance of identifying your core values

  • Find quality partners and hire team
  • Use to make important decisions

Our core values here at The Michael Blank brands

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

How to identify core values in your organization

  1. Themes
  2. Header
  3. Descriptive

The themes we chose at The Michael Blank brands

  • Integrity
  • Excellence & Accountability
  • Teamwork & Contribution
  • Efficiency & Hard Work

How to translate your themes into headers

  • Sticky, user-friendly words and phrases
  • Easily memorized and recalled by team

How to expand your headers into descriptives

  • Describe what core value means
  • Clarify in 4 to 8 detailed sentences

Resources 

Radical Candor: Be a Kick-Ass Boss without Losing Your Humanity by Kim Scott

Who: The A Method for Hiring by Geoff Smart and Randy Street 

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

Register for Michael’s Deal Maker Bootcamp 

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Financial Freedom with Real Estate Investing by Michael Blank 

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_EP292.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

While most of us resist setbacks and struggles, both are crucial to our growth. In fact, the most successful investors are those who respond to failure with resilience. Who pick themselves up, dust themselves off and take the next step of uncomfortable action toward their dreams.

Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset you need to take action, grow through the challenges and achieve financial freedom as a multifamily investor!

Key Takeaways 

Rob’s struggle with addiction

  • Hooked on meth and crack cocaine
  • Homeless and unemployable

What inspired Rob’s decision to change

  • Realized on path to death or prison
  • Pain to stay same > pain to change

How Rob got back into society 

  • Choose new people, places and things
  • Willing to take uncomfortable action

Why aspiring investors don’t take action

  • Biggest hurdle = previous successes
  • Lack big enough WHY 

How Rob uses visualization to reach his goals

  • Write out as if already accomplished
  • Read over to instill yearning, belief

The traits of a successful entrepreneur

  • Build momentum via stacked action
  • Willing to act despite uncertainty
  • Grow through catastrophic failure

How Rob used knowledge to build momentum

  • Ziglar taught potential to succeed
  • Saved to buy Carleton Sheets course

How Rob got into real estate

  • Bought auto repair shops no $ down
  • Used hard money for first few SFHs

How Rob grew a 1K-unit multifamily portfolio

  • Start with SFH buy-and-hold strategy
  • Flip SFHs into small multifamily
  • Reinvest profits in larger multifamily

Connect with Rob Rowsell

Addicted to Life

Resources 

Get Tickets for Deal Maker Bootcamp 

Access Michael’s Syndicated Deal Analyzer 

Download Michael’s Deal Maker Blueprint

Learn More About Michael’s Mentoring Program

Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time by Rob Rowsell

See You at the Top by Zig Ziglar 

Carleton Sheets 

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_EP291.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

While single-family real estate is an individual sport, multifamily investing usually involves partners. But finding someone you trust to work with on a multi-million-dollar apartment deal can be challenging, especially for an introvert. So, how do you overcome limiting beliefs around partnering to become a successful multifamily investor?

Camilla Jeffs is the Founder and CEO of Steady Stream Investments, a firm focused on providing investment opportunities in large multifamily and senior housing communities. Also known as the Introverted Investor, she has served as the GP for four deals in nine months, built a portfolio of 250 units and quit her W-2 job! Camilla has 19 years of experience in real estate, and she is passionate about educating passive investors around the opportunity to achieve financial freedom through multifamily.

On this episode of the Financial Freedom with Real Estate Investing, Camilla joins cohost Garrett Lynch and me to share why it took her 15 years to transition from DIY single-family investor to multifamily GP. She describes the limiting beliefs she carried around partnering with others and explains how she excels at raising capital—despite being an introvert. Listen in for Camilla’s insight on investing for a financial, social and environmental return and learn why networking is key in multifamily syndication. 

Key Takeaways 

Camilla’s experience of quitting her W-2 job

  • Excited to spend days doing what she loves
  • Loves flexibility and freedom in schedule

How Camilla got into real estate investing

  • House hacking out of necessity to start
  • Build portfolio of SFH + small multifamily

What inspired Camilla’s shift to large multifamily 

  • Tired after 15 years of DIY management
  • Spending 4 to 5 hours/day on 15 units

Why it took Camilla so long to try multifamily

  • Limiting beliefs about partnering
  • Didn’t network with other investors 

Why Camilla took on the role of capital raiser

  • Teacher at heart (despite introversion)
  • Help people achieve time freedom

The mindset shift that made Camilla successful

  • Little success with ‘I need your money’
  • Changed pitch to present opportunity

How Camilla thinks about choosing an operator

  • Find through mentoring groups, meetups
  • Different skills but same vision/values

Camilla’s concept of the Investing Trifecta

  1. Financial return
  2. Social return
  3. Environmental return

Connect with Camilla Jeffs 

The Introverted Investor

Camilla on Instagram

Camilla on LinkedIn

Camilla on YouTube

Camilla on TikTok

Resources 

Join the Nighthawk Equity Investor Club

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

Learn More About Michael’s Mentoring Program

Financial Freedom with Real Estate Investing by Michael Blank

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_EP290.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

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