Financial Freedom with Real Estate Investing

The lack of affordable housing is a big problem in the US. And most developers shy away from these projects because it’s hard to make money.

But Alvin ‘Hope’ Johnson is not most developers. He’s found a way to innovate in the affordable housing space and ‘do good while doing good.’

Alvin is President of the Hope Housing Foundation, a nonprofit positioned to be one of the country’s most effective affordable workforce housing organizations.

He also serves as CEO of Multifamily Monopoly, an education platform for real estate developers interested in the process of multifamily development and ownership.

On this episode of Financial Freedom with Real Estate Investing, Alvin joins Garrett and me to discuss his journey from painting houses to $225M multifamily entrepreneur and describe the tenacity it took to find a mentor in the space.

Alvin shares his successes in affordable housing so far, explaining how he’s turning neighborhoods around, building sustainable workforce housing developments, and making a profit in the process.

Listen in for Alvin’s insight on pursuing a mission-driven business and learn how to leverage innovation to make money building naturally occurring affordable housing.

For full episode show notes visit:

http://www.themichaelblank.com/session333/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP333.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST

As real estate investors, we spend years building up generational wealth. But a single lawsuit can tear it all down.

So, how do we put the right asset protection measures in place?

Garrett Sutton is the corporate attorney and asset protection expert behind Corporate Direct, a firm that helps entrepreneurs and investors protect their assets, maintain their privacy and achieve their financial goals.

Garrett is also one of Robert Kiyosaki’s Rich Dad Advisors and the bestselling author of several books, including his new release, Veil Not Fail: Protecting Your Personal Assets from Business Attacks.

On this episode of Financial Freedom with Real Estate Investing, Garrett joins cohost Garrett Lynch and me to explain why asset protection is crucial for real estate investors at all levels.

Garrett discusses why an LLC is the best way for syndicators and apartment owners to structure a business and walks us through the most common mistakes people make when it comes to asset protection.

Listen in for Garrett’s advice on what insurance you need as a real estate investor and learn what steps you can take to protect both your personal assets and property from lawsuits.

For full episode show notes visit:

http://www.themichaelblank.com/session332/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP332.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST

For 20 years, Adam Mitchell has been dreaming of a multifamily portfolio. But without the confidence or the know-how to invest in apartments, he started with single family.

A decade ago, Adam joined forces with his friend Lance Doty, and they became the Home Buying Guys, scaling a successful single family investing business that runs on autopilot.

But in 2021, Adam took action on his vision of moving into the multifamily space and invited Lance to join him in the transition. They became the Apartment Buying Guys, and within 35 days, they had 225 units under contract.

In just 10 months, Adam and Lance have raised over $2M and acquired 731 units. Both have achieved financial freedom, and they are well on their way to the goal of 1,000 doors in five years.

On this episode of Financial Freedom with Real Estate Investing, Adam and Lance join Garrett and me to explain why it took them so long to make the move to multifamily and how they overcame their lack of experience to break into the space.

Adam and Lance discuss the value of hiring a mentor, describing how they might have accelerated their journey by getting support sooner and why they’re focusing on scale from Day One.

Listen in for insight on what makes Lance and Adam’s partnership work and learn how to make the leap from single family to apartment building investing—and achieve financial freedom in three years or less!

For full episode show notes visit:

http://www.themichaelblank.com/session331/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP331_v2.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST

When we started investing in multifamily, we relied on property managers to handle construction.

As the business grew, we hired GCs to run construction projects with little oversight on our part. And got very mixed results.

That’s when we realized that if we wanted to scale our multifamily portfolio, we needed an in-house team. But how do you build a construction arm for your real estate business?

Jorge Abreu is Cofounder and CEO of Elevate Commercial Investment Group, a multifamily firm based in Dallas, Texas, and Founder of JNT Construction, the in-house construction arm of Elevate CIG.

With 15 years of experience in real estate, Jorge has acquired a portfolio of nearly 7,000 units worth more than $500M.

On this episode of Financial Freedom with Real Estate Investing, Jorge explains why he started his own construction company and how JNT gives Elevate a competitive advantage.

Jorge walks us through the process he used to build an in-house construction business, describing what he looks for in a project manager and how he leverages software to hold the team accountable.

Listen in for Jorge’s insight on the importance of construction contracts and learn how an in-house construction team can help YOU scale your syndication business!

For full episode show notes visit:

http://www.themichaelblank.com/session330/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP330_1.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST

Not everyone who wants to be a real estate investor sticks with it long enough to be successful. But if you apply a sales mindset to multifamily investing, you will be able to take the initial rejection and keep pushing.

Because as Eric Chadderdon says, ‘The only time you lose in this business is if you quit.’

Eric is Managing Partner at Gibby’s Capital Investments, a boutique firm that helps investors diversify their portfolios with commercial real estate. He got into multifamily in December of 2020 and has amassed a portfolio of 724 units in just 18 months!

Prior to founding Gibby’s, Eric spent 12 years in the sales industry, and he leverages the skills he learned there to build relationships in the multifamily space.

On this episode of Financial Freedom with Real Estate Investing, Eric joins Garrett and me to explain why he quit his W-2 job after his first multifamily deal and explore how the skills he learned in sales translate to real estate.

Eric discusses what he did to build relational capital in the real estate space, challenging us to put ourselves in the right rooms and add value any way we can—without asking for compensation.

Listen in for Eric’s insight on underwriting in an uncertain market environment and learn how a sales mindset can help YOU scale a multifamily portfolio and quit your 9-to-5 with real estate!

For full episode show notes visit:

http://www.themichaelblank.com/session329/

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP329.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST

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