Podcast appearances and mentions of bill manassero

In this episode of the Best Ever CRE Show, Joe Cornwell interviews Bill Manassero, CEO of Promise Land Holdings LLC, who shares his journey from active to passive real estate investing. Bill discusses the unique advantages of starting real estate investing later in life, the challenges he faced as a passive investor, and the importance of diversifying investments. He also provides valuable advice for aspiring passive investors, emphasizing the need for thorough due diligence and caution in today's market. Bill highlights the current trends in real estate, including the demand for RV parks and senior living facilities, and encourages listeners to stay informed and patient in their investment decisions. Bill Manassero | Real Estate Background CEO, Promised Land Holdings LLC Based in: Riceville, TN Say hi to him at: www.olddawsreinetwork.com X.com Sponsors: Altra Running

In May of 2016, Bill Manassero launched the Old Dawg's REI Network Podcast to help educate real estate investors over 50 years of age and to document his own goal to acquire 1,000 units in six years.  In this episode, Bill shares his own personal success story and closes out the podcast's final show. For complete show notes go to http://olddawgsreinetwork.com/688-a-final-farewell/ IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn real estate investing.

Welcome to Syndication Made Easy with Vinney Chopra! Today we have a very special guest who is a Real Estate investor and host of the Old Dawg's REI Network podcast Bill Manassero. His focus is on acquiring multifamily properties that will not only help in retirement but also generate badly needed funds for Child Hope, their non-profit organization in Haiti.  Bill gives his top advice for real estate investors over 50 and shares tips on analyzing and conducting your due diligence on out-of-state rental properties.  Takeaways: Real Estate Investing Strategies for the 50+ Age Group How and Why to Buy Out-of-State Rental Properties The Value of Traveling the World Long-Term  Do not forget to share this podcast, leave comments, and give 5 Star reviews! Thank you so much!  ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

Today's guest is real estate expert Bill Manassero. Bill Manassero is the host and top dog of The Old Dawg's REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill's goal is to own/control 1,000 units/doors in less than six years. SHOW HIGHLIGHTS Old Dawg's REI Network 1,000 units in 6 years Why seniors need to get started in real estate It is never to late to get started in real estate How Bill is looking for deals Recession talk between two experts What do new investors need to get started Education is key Tangible Value Tax benefits 3 Minute Analyzer ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

Bill is the host of The Old Dawg's REI Network, a blog, newsletter and weekly podcast for people 50 years and older interested in real estate investing to fund their retirement. Bill's goal is to own/control 1,000 units doors in less than 6 years. Prior to forming the Old Dawg's REI Network, Bill and his family were missionaries to orphaned children living on the streets of Haiti. Learn More About Bill Here: Old Dawg's REI Network - http://olddawgsreinetwork.com/   What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/  ◾ Global Investors Web Page: https://charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/

What is a real estate investor supposed to do when their first apartment complex purchase turns out to be rife with drug dealers, prostitutes, and other problematic tenants? Today's guest had to figure that out for himself, and did so quickly. On today's episode of The Real Estate Nerds Podcast, Bill Manassero joins our host and real estate attorney Scott Smith to tell us about both a best and worst deal, one of our only hybrid Bad Beats/Best Deals episodes. Tune in to hear how Bill kept his first apartment complex purchase from becoming a total bad beat through creative problem solving, strong networking, and clever solutions like connections with the local community and even leveraging Airbnb. This is one you'll have to just listen to to really believe. Listen To Episode 23 of The Real Estate Nerds Podcast NowBill Manassero's Apartment Complex Rollercoaster Deal: Bright BeginningsBill joins Scott and shares a bit about his background and the circumstances that led up to his Best Deal. [1:00] Bill started his real estate career later in life. He began considering this option while he was ending the end of a 12-year stint as a missionary in Port-au-Prince, Haiti. He was at a turning point, but not quite ready to retire. He began eyeballing and studying emerging markets, then initially purchased a set of duplexes and single family homes in these markets.[2:10] Bill quickly learned a lesson: “I paid about the same for the duplexes as I did for single family homes, but everything was sort of better.” Vacancies were never 100%, taxes were cheaper, and he was able to collect double the rent. This made it clear multi-units were best for him. So he began checking out apartment complexes in the three markets he was already in: Memphis, Atlanta, and Indianapolis. Because this ambition was huge, he continued educating himself about this new-to-him asset class.[3:30] Bill experienced some initial “analysis paralysis” when working the figures for his potential new investments: “The numbers definitely are different for multi-units.” But he pressed on, eventually finding a 22-unit property in Indianapolis in an emerging part of the city, sandwiched between trending and developing parts of town. By the time he got the courage to make an offer, someone else had bought the property. Bill learned the value of moving quickly in a hot market.[5:00] Bill decided to take one last shot, and let the broker know he was still interested if anything happened to cause the deal to fall through. 3 months later, Bill learned the deal did fall through. The deal falling through actually put Bill in a better position to ask for lower than asking price, and now the seller was more motivated to get the property off his hands. Bill completed his due diligence, and when the inspector came through Bill was able to save even more. He ended up buying the property at 25% below asking price, and way below the market value.[7:00] While this was Bill's first apartment complex deal, he shares with Scott how his experience with the financing end of real estate helped him negotiate the funding dilemma around the property.[8:30] When Scott asks how Bill handled the jump from single- and multi-family to complexes psychologically. Bill was anxious but soon learned that “It wasn't all that different on doing a transaction on a single family or a duplex.” Bill now believes dragging his feet actually hurt him.[9:45] Bill points out the first big thing he did right with this deal: “A lot of us when we're after a property and it goes under contract, we immediately go away. But going back to the broker and saying “I'm still interested, don't forget me” got me that winning call.”[10:00] Bill was thrilled with the beginnings of the deal, but not everything about this property was a win. He was unprepared for the surprises that came up with this property. He was looking for ways to boost the rent and cut expenses, and discovered that he was paying for heating and would have had to pay high costs to replace its boilers. He ended up having to replace all the gas-powered appliances with electric, and transfer the costs to the tenants (who paid their own electric bills). He describes the rehab measures and other improvements he took to increase rent values 16-20% increase per unit over time.[bctt tweet="“I paid about the same for the duplexes as I did for single family homes, but everything was sort of better.”." username="Royal_Legal_Law"]The Challenges of a C-Class Complex & Bill's Creative Solutions The two investors discuss Bill's many challenges around the property in more depth. Whether it was the police activity, property management complication, or tenants selling drugs, something seemed to always pop up with this property. But Bill didn't give up. He tells Scott about the broad range of clever strategies he used to address these many issues successfully.[13:30] Another early challenge Bill faced was handling property management: “A 22-unit doesn't really warrant an on-site property manager. I had a property manager in place, but they weren't able to be there all the time.” So, there wasn't always someone there to handle issues as they came up.[14:00] Bill tells a hilarious anecdote about the police running a sting operation out of his apartment, which he now knows was an enormous red flags. But he did make some great contacts with the police department, and even offered to let them use the place again--if only to have their cars in his parking lot![15:00] Bill also describes the challenges with his occupants: “We had some real tough tenants. Some guys we thought were dealing, others we thought were pimps.” Scott asks why Bill bothered trying to bring up such a rough area. Bill decided to invest time and money into this because of the value and demographics of the surrounding areas, which were blue collar workers and millennial students/young professionals.[16:20] The owner before Bill was indiscriminate with tenants: “He just kind of let anybody in. They were allowing folks in that weren't screened very well.” Bill's response was creative: “We had to move into a mode I call Stealth tenant marketing. We started targeting major employers in the area and going to their HR departments. We gave them flyers offering any of their employees who signed up for our apartments a month free and other incentives to get good working folks into the building.” [16:44] This move paid off for Bill, and helped turn the complex around and changing its dynamics. But he still had to check out questionable tenants, and immediately evict the sketchier tenants if they were late on the rent. That was easier to do than proving illegal activity.[18:00] Bill shares how property management's goals didn't align with his own, and how he responded: “I had to really monitor property management closely. They were concerned with getting people in to have a high vacancy rate. I was concerned with getting in the right people.” While Bill had no advisors, he borrowed some of these creative moves from the mentors he'd had over the years.[19:21] Bill describes some of his other clever solutions for improving his complex, including using closed circuit TVs. He also addressed the security concerns of this C building in a smart way: “I brought in a house mom, a tenant who pays lower rent in exchange for the job of monitoring what's going on, keeping things in line, and reporting tenants who aren't doing things right.” These measures increased the quality and security of the complex.[20:29] Bill sums up the strategy he employed succinctly: “It's all management. It's all about having strong management, strong criteria for tenants, and not just getting bodies in there but getting the right bodies in there.”[21:10] Bill offers some tips to any investors for handling property managers of any type: “You need to document and almost put a manual together for each property manager based on the needs of the property and the area. And if they can't do it, you've got to move on.” He also emphasizes strong communication: “As an out-of-state investor, the property manager is your number one key to success or failure. If you don't handle them right and get the right people in you're doomed for failure.” [21:35][22:30] Bill believes management is so important because despite all of his research and legwork, he didn't see the problems. Scott ribs him a little for his naivete: “Sweet innocent Bill...Didn't even see the prostitutes!” Bill shares how he managed to add capital as well by converting three units into Airbnb units. In addition to being more profitable, Airbnb tenants would report to Bill when tenants attempted to proposition them or sell them drugs, because they weren't afraid like the local tenants.

Bill Manassero (pronounced  “MANNA+ SARROW”) is the host and top dog of The Old Dawg's REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren.  Prior to forming the Old Dawg's REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side.  

There is no such thing as “too early” when it comes to planning for retirement, but what do we do when it feels like we're “too late”? Regardless of if you are in your twenties and new to the investment scene, or fifty and looking to retire more comfortably beyond the means of your current savings, investing in things like real estate can help you fund your retirement and create a legacy for your children and grandchildren at any age. Bill Manassero, founder and host of The Old Dawg's REI Network, has dedicated his efforts to helping people aged fifty and older determine what the best strategies and investments are for them. His background, from musician to missionary in Haiti to over twenty years of experience in business, corporate, and entrepreneurship has enabled him to create a space for seniors and retirees to learn about the power of investing and growing wealth through his blog posts and a weekly podcast. Bill's current goal as a real estate investor is to own/control 1,000 units/doors in less than six years, and as he sits down with CamaPlan to discuss his journey, hear about how his goals have guided him through all stages of life and have allowed him to help others form goals of their own. More Form CamaplanWebsite: https://www.camaplan.com/More From Bill ManasseroOld Dawgs REI Network Website: https://olddawgsreinetwork.com/Child Hope Website: https://childhope.org/staff-members/bill-manassero/Manassero Properties Website: https://www.manasseroproperties.com/about.html Call the number below during business hours (8:30 AM - 5 PM EST) to schedule a phone consultation: (215) 283-2868 Toll Free: (866) 559-4430 For a limited time, enrollment is FREE. Follow the link below to start your account application today: https://enroll.camaplan.com/login.aspx?rd=UTUBE

Having a mentor, reading the books, listening to podcasts…it's all great, but at some point, you need to take the plunge. Today's guest jumped into larger multi-family with a 22-unit class C building in Indianapolis for $350,000 and he did it all the way from Orange County CA. Since then, Bill Manassero has launched the Old Dawg's REI Network - a real estate blog, newsletter and podcast. Bill is also the founder of Manaserro Properties, a Real Estate syndicator of multifamily properties and developer of senior living communities.

Bill Manassero and his family are an example of how helping the community is rewarding for the soul. In this episode of Reach Radio, Fran interviews Bill about his experiences in Haiti and what he is currently doing with Old Dawg's REI Network. Bill recalls the time he went to Haiti and his daughter instantly felt at home. This was the start of it all, the Manassero Family would then move to Haiti to start a non-profit organization. When the 2010 earthquake hit the island, Bill recalls it was devastating but miracles started happening and they made it through. Now, Bill is working for senior communities after taking care of his wife's parents. For the full transcript, and show notes visit us at reachtl.org --- Support this podcast: https://anchor.fm/fran-ayalasomayajula/support

Bill Manassero spent the last 11 years of his life serving with his family as  missionaries to orphans, abandoned, and at-risk children in Haiti. Before Haiti, he spent over 20 years in business, both in corporations and as an entrepreneur. He was also a professional musician who toured the world singing children’s music. Now that Bill and his family are no longer in Haiti, they need to take care of themselves. Bill has decided to go into real estate investing, to buy rental properties to create income to take care of their retirement years and to have something to leave their children. Bill has decided to share his journey through his website and podcast In this episode we talked about: Bill`s background, what brought him to real estate investing. How to teach kids to run businesses and instil in them entrepreneurial skills. Diversification Mentorship . Formula for success in managing a real estate business Geography of investing and analytical approach as a key factor of success Something Bill knows now that he wished he knew at the beginning of investing career. The book that listeners would find valuable And much more!  

Welcome to Syndication Made Easy with #VinneyChopra!   Today we have a very special guest who is a Real Estate investor and host of the Old Dawg's REI Network podcast Bill Manassero. His focus is on acquiring multifamily properties that will not only help in retirement but also generate badly needed funds for Child Hope, their non-profit organization in Haiti.    Bill gives his top advice for real estate investors over 50 and shares tips on analyzing and conducting your due diligence on out-of-state rental properties.    Takeaways:   Real Estate Investing Strategies for the 50+ Age Group How and Why to Buy Out-of-State Rental Properties The Value of Traveling the World Long-Term  Never forget to like and subscribe and press the bell icon for more useful videos. ----------------------------------------------------------------------------------------------------------------- Get your copy of Vinney’s #1 International Best Selling book – Syndication Made Easy – https://amzn.to/2kwjHDN   -----------------------------------------------------------------------------------------------------------------

From 3 units to 924 units within 6 Years with Bill Manassero Description: Bill is our guest that started later in his career in investing, and while he was investing he took his plan of getting to a place to support his family and himself to being able to grow is portfolio from 3 units to 924 units! That is amazing!!! Bill has been through difference avenues in life and the whole time he was going through his journey he was out to do great things for people! He is still doing great things by investing in real estate and providing more housing for people! Bill's Website: http://olddawgsreinetwork.com/

When you're in your fifties, you could either be retired or approaching this milestone. The question is: will your nest egg be able to sustain you during your golden years? For Bill Manassero, it was important to create passive income opportunities to secure his retirement. As our today's guest, Bill talks to us about his experiences entering the world of real estate in his fifties, and why it's never too late to make an investment. We open the show by taking a look at Bill's professional history and how he made a segue into property and syndication. After hearing about his missionary endeavors in Haiti and his team of real estate investors, Bill walks us through his first investing steps.

Bill Manassero is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than 6 years. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side. A few highlights of his career include meeting Ronald Reagan, working with Jimmy Stewart, being interviewed by Oprah Winfrey and having CNN produce a documentary on his work in Haiti.Connect:Bill's emailBill's Skye: bmanasseroBill's Twitter: @Old_DawgREIBill's FacebookBill's instagramBill's website

Welcome to Achieve Wealth Through Value Add Real Estate Investing Podcast with James Kandasamy.   My guest today is Bill Manassero. He was elected to public office at the age of 18. He became a corporate VP at age 21 and then started his own business and gravitated into the tech space where he was eventually hired by the legendary CEO Meg Whitman.   Bill also now hosts the Old Dawgs REI Network podcast. He has been a real estate investor since 2014 – buying his first property at age 58. His podcast and his work today back in the United States – where he’s currently based – is focused on providing education to seniors on how to build wealth through income properties.   Real Estate Investing Strategies for the 50+ Age Group How and Why to Buy Out-of-State Rental Properties The Value of Traveling the World Long-Term with Your Kids Overview of how to engage in real estate nowadays Get the latest and best advice on wealth creation and management, investing, and entrepreneurship from our expert guest. Never forget to like and subscribe and press the bell icon for more useful videos.   ----------------------------------------------------------------------------------------------------------------- Get your copy of James #1 International Best Selling book – Passive Investing in Commercial Real Estate – https://amzn.to/2Ng35KE   -----------------------------------------------------------------------------------------------------------------   ☑️ Check out James Kandasamy at  

For this episode, I welcome Bill Manassero to the show. Bill is a real estate investor, entrepreneur, and host of the Old Dawg's REI Network Podcast, a podcast for people 50 years and older who see real estate investing as a means to fund their retirement years and create a legacy for their family. Prior to forming the Old Dawg's REI Network, Bill and his family were missionaries to orphaned, abandoned, and at-risk children living on the streets of Port-au-Prince, Haiti. Before that, he was a professional musician and spent over 25 years in business, on both the corporate and entrepreneur side. A few highlights of his career include meeting Ronald Reagan, working with actor Jimmy Stewart, being interviewed by Oprah, and having CNN produce a documentary on his work in Haiti entitled “Rescued.” Bill's story is absolutely fascinating and we dive in by discussing his 25 years of business background, which included working in sales and marketing in the automotive and airline industries in Southern California, launching the Nissan infinity division, and then moving on to the technology sector right as the internet took off. At that time, he even bumped into Mark Cuban who was streaming a variety of games via mics in front of radios. Shortly after the bubble burst and Bill felt called to get into ministry. He always enjoyed traveling but usually, that was for work and meant being away from his family – so what better way to take the family on the road with you – as a family rock band! They partnered with Christian organizations and toured together. During this time, they sponsored a child from Haiti and his daughter became obsessed with learning about the country. Little did they know that soon enough they would be visiting Haiti to perform. The trip had a profound impact not just on Bill's daughter, but the whole family, and Haiti eventually became their new home. They sold everything they owned in the US and returned to Haiti to take care of the kids. Initially, they of course had no idea what they were doing and where to start, but eventually, their efforts grew into an entire organization, Child Hope International, and they invested first in a boy's home, then a girl's home, and then a guest house, and even a school. After being struck by a devastating earthquake, Haiti was in the news across the globe which resulted in Oprah visiting and CNN producing a documentary entitled ‘Rescued' which was all about their efforts. Slowly Bill's children had grown up and started to return to the US to go to university and Bill's wife was diagnosed with cancer. So, jointly they made the decision to pass Child Hope International to the next generation and make plans to return to the US together. This left Bill wondering what to do next with his life. He knew he wanted to diversify his investments before retirement, but he wasn't sure how. After an extensive period of research and reading Rich Dad Poor Dad among other books, Bill had established that real estate investing was the route to go down. He did as much research as he could to develop his plan. He decided to focus on turn-key properties and settled on Atlanta and Memphis as the first areas to make a purchase. After a short trip to both locations, he returned with 3 properties to call his own. Like us all, Bill was learning as he was going along. Some properties were making more money than others and property management turned out to be challenging at times. At last, Bill got himself a mentor who recommended starting a podcast to share his experience of real estate investing for retirement – and after some initial resistance, he went for it. The podcast has over time provided Bill with a large amount of networking opportunities which has certainly helped to open more doors for him in the industry. Bill then shares that he did have the 1000 doors goal and he had reached a staggering 736 doors on the day of recording this episode – a real surprise seeing what a humble person Bill is. Bill shared further that the contacts he was gaining from networking allowed him to do larger projects, which is what got him closer to his 1000 door goal. We then move on to discuss property management. Bill outsources the property management entirely to others. He doesn't really have a choice in this matter since a lot of his properties are not exactly in his backyard. Over the years he realized that the biggest factor for him when recruiting property managers is transparency. Bill also briefly shares his experience with short-term rentals. He has three that are doing really well in this market. Bill was initially affected by COVID-related cancellations but then managed to recover very quickly through a few changes in his marketing language. We then discuss his current projects and what he feels particularly excited about. Bill shares how he has recently gotten into the senior living sector through a contact of his and what the construction of these new senior living facilities involves. These projects are having Bill engage in aspects of the business he has not previously considered, so this goes to show that there is always something new to experiment with. You don't want to miss this excellent episode of the Just Start Real Estate Podcast with the fascinating and diverse Bill Manassero! Notable Quotes: “What am I gonna do? I'm approaching 60 years old. I've gotta figure out what I'm gonna do. I didn't wanna just go home and collect seashells down at Laguna beach.” Bill Manassero “I hopped on a plane, flew to Atlanta, a couple days later flew to Memphis and then flew back to Haiti, and I had 3 properties.” Bill Manassero “They're turn-key, so I really don't have to do anything, and the next month money appears in my account miraculously. And I'm going ‘Ok, this is really easy,' maybe I should do more of that.” Bill Manassero “The turn-key thing was falling a little bit awry. I was having some problems with management.” Bill Manassero “When you invest in real estate you can do all the studying you want, but you really don't start learning until you sign your first set of escrow papers.” Bill Manassero “One of the advantages as an older person is that, because it's not in your backyard, you're not running down there every two minutes. It kind of forces you to be passive. But, at the same time, you have to rely really heavily on your people in town.” Bill Manassero “You really have to train your people right when picking property managers.” Bill Manassero “The thing that I need is transparency. That's key for me.” Bill Manassero “I don't like to micromanage. I want transparency, so I know where to adjust things.” Bill Manassero “The only way these guys make money is to get a lot of properties and hope most of these clients aren't going to bug them.” Bill Manassero “I get involved to the degree where I really understand how that works, and then I start backing away as I start finding people to be able to take on all the various aspects of it.” Bill Manassero Links: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months Bill's Website Old Dawgs REI Network Podcast Child Hope International 7 Figure Flipping Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter

For this episode, I welcome Bill Manassero to the show. Bill is a real estate investor, entrepreneur, and host of the Old Dawg’s REI Network Podcast, a podcast for people 50 years and older who see real estate investing as a means to fund their retirement years and create a legacy for their family. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned, and at-risk children living on the streets of Port-au-Prince, Haiti. Before that, he was a professional musician and spent over 25 years in business, on both the corporate and entrepreneur side.  A few highlights of his career include meeting Ronald Reagan, working with actor Jimmy Stewart, being interviewed by Oprah, and having CNN produce a documentary on his work in Haiti entitled “Rescued.”   Bill’s story is absolutely fascinating and we dive in by discussing his 25 years of business background, which included working in sales and marketing in the automotive and airline industries in Southern California, launching the Nissan infinity division, and then moving on to the technology sector right as the internet took off. At that time, he even bumped into Mark Cuban who was streaming a variety of games via mics in front of radios.   Shortly after the bubble burst and Bill felt called to get into ministry. He always enjoyed traveling but usually, that was for work and meant being away from his family – so what better way to take the family on the road with you – as a family rock band! They partnered with Christian organizations and toured together. During this time, they sponsored a child from Haiti and his daughter became obsessed with learning about the country. Little did they know that soon enough they would be visiting Haiti to perform.   The trip had a profound impact not just on Bill’s daughter, but the whole family, and Haiti eventually became their new home. They sold everything they owned in the US and returned to Haiti to take care of the kids. Initially, they of course had no idea what they were doing and where to start, but eventually, their efforts grew into an entire organization, Child Hope International, and they invested first in a boy’s home, then a girl’s home, and then a guest house, and even a school.   After being struck by a devastating earthquake, Haiti was in the news across the globe which resulted in Oprah visiting and CNN producing a documentary entitled ‘Rescued’ which was all about their efforts. Slowly Bill’s children had grown up and started to return to the US to go to university and Bill’s wife was diagnosed with cancer. So, jointly they made the decision to pass Child Hope International to the next generation and make plans to return to the US together.   This left Bill wondering what to do next with his life. He knew he wanted to diversify his investments before retirement, but he wasn’t sure how. After an extensive period of research and reading Rich Dad Poor Dad among other books, Bill had established that real estate investing was the route to go down. He did as much research as he could to develop his plan. He decided to focus on turn-key properties and settled on Atlanta and Memphis as the first areas to make a purchase. After a short trip to both locations, he returned with 3 properties to call his own.   Like us all, Bill was learning as he was going along. Some properties were making more money than others and property management turned out to be challenging at times. At last, Bill got himself a mentor who recommended starting a podcast to share his experience of real estate investing for retirement – and after some initial resistance, he went for it. The podcast has over time provided Bill with a large amount of networking opportunities which has certainly helped to open more doors for him in the industry.   Bill then shares that he did have the 1000 doors goal and he had reached a staggering 736 doors on the day of recording this episode – a real surprise seeing what a humble person Bill is. Bill shared further that the contacts he was gaining from networking allowed him to do larger projects, which is what got him closer to his 1000 door goal.   We then move on to discuss property management. Bill outsources the property management entirely to others. He doesn’t really have a choice in this matter since a lot of his properties are not exactly in his backyard. Over the years he realized that the biggest factor for him when recruiting property managers is transparency.   Bill also briefly shares his experience with short-term rentals. He has three that are doing really well in this market. Bill was initially affected by COVID-related cancellations but then managed to recover very quickly through a few changes in his marketing language.   We then discuss his current projects and what he feels particularly excited about. Bill shares how he has recently gotten into the senior living sector through a contact of his and what the construction of these new senior living facilities involves. These projects are having Bill engage in aspects of the business he has not previously considered, so this goes to show that there is always something new to experiment with.   You don’t want to miss this excellent episode of the Just Start Real Estate Podcast with the fascinating and diverse Bill Manassero! Notable Quotes:   “What am I gonna do? I’m approaching 60 years old. I’ve gotta figure out what I’m gonna do.  I didn’t wanna just go home and collect seashells down at Laguna beach.” Bill Manassero   “I hopped on a plane, flew to Atlanta, a couple days later flew to Memphis and then flew back to Haiti, and I had 3 properties.” Bill Manassero “They’re turn-key, so I really don’t have to do anything, and the next month money appears in my account miraculously. And I’m going ‘Ok, this is really easy,’ maybe I should do more of that.” Bill Manassero “The turn-key thing was falling a little bit awry. I was having some problems with management.” Bill Manassero “When you invest in real estate you can do all the studying you want, but you really don’t start learning until you sign your first set of escrow papers.” Bill Manassero   “One of the advantages as an older person is that, because it’s not in your backyard, you’re not running down there every two minutes. It kind of forces you to be passive. But, at the same time, you have to rely really heavily on your people in town.” Bill Manassero   “You really have to train your people right when picking property managers.” Bill Manassero   “The thing that I need is transparency. That’s key for me.” Bill Manassero   “I don’t like to micromanage. I want transparency, so I know where to adjust things.” Bill Manassero   “The only way these guys make money is to get a lot of properties and hope most of these clients aren’t going to bug them.” Bill Manassero   “I get involved to the degree where I really understand how that works, and then I start backing away as I start finding people to be able to take on all the various aspects of it.” Bill Manassero Links: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months Bill’s Website Old Dawgs REI Network Podcast Child Hope International 7 Figure Flipping Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter

Bill Manassero is the Host of The Old Dawg’s REI Network and has 6 years of real estate experience with a portfolio of 756 doors. Bill started into real estate a little later in life than most people and decided to start into real estate by buying a couple of turnkey properties. When he started seeing checks being deposited in his account he decided to focus on buying more properties. Bill Manassero (Man-a-cer-o)  Real Estate Background: Host of The Old Dawg’s REI Network 6 years of real estate investing experience Portfolio consist of 756 doors Based in Irvine, CA Say hi to him at:   Best Ever Book:   Best Ever Tweet: “Know what your why is, because when all else fades away, it’s going to be your why that keeps you motivated” - Bill Manassero

Today’s guest is real estate expert Bill Manassero. Bill Manassero is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than six years.SHOW HIGHLIGHTS- Old Dawg’s REI Network- 1,000 units in 6 years- Why seniors need to get started in real estate- It is never to late to get started in real estate- How Bill is looking for deals- Recession talk between two experts- What do new investors need to get started- Education is key- Tangible Value- Tax benefits- 3 Minute AnalyzerContact BillWebsites: OldDawgsREINetwork.orgBlog & Podcast for people interested in real estate investing ManasseroProperties.comPotential Syndication Investors, JVs, etc. and for info on our investments ChildHope.org – Our 501 (c)3 non-profit organization that serves HaitiEmail: bill@olddawgsreinetwork.com – general real estate investing bill@manasseroproperties.com – passive investors bill@childhope.org – Information on our Haiti non-profit Get your copy – Syndication Made Easy – https://amzn.to/2kwjHDNTo get more info – Text: 47-47-47Learn – https://vinneychopra.com/Invest – https://moneilinvest.com/Facebook – https://www.facebook.com/VinneyChopra/Instagram – https://www.instagram.com/vinneychopra/?hl=enLinkedin – https://www.linkedin.com/i n/vinney-smile-chopra-7b7b9619/Twitter – https://twitter.com/smilingvinneyYoutube– https://www.youtube.com/channel/UC_SGeOpnIHvXWqZE9dMUdlw/featured#vinneychopra #cashflow #multifamilyinvesting #apartmentinvesting #investor #multifamily #vinneymultifamily #moneil #moneilinvest #realestate #guidetosuccess #success #motivation #syndication #passiveincome #realestateinvesting #goalsSyndication Made Easy with Vinney (Smile) Choprahttps://businessinnovatorsradio.com/syndication-made-easy-with-vinney-smile-chopra/Source: https://businessinnovatorsradio.com/why-you-need-to-invest-in-real-estate-now-with-bill-manassero

Today’s guest is real estate expert Bill Manassero. Bill Manassero is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than six years.SHOW HIGHLIGHTS- Old Dawg’s REI Network- 1,000 units in 6 years- Why seniors need to get started in real estate- It is never to late to get started in real estate- How Bill is looking for deals- Recession talk between two experts- What do new investors need to get started- Education is key- Tangible Value- Tax benefits- 3 Minute AnalyzerContact BillWebsites: OldDawgsREINetwork.orgBlog & Podcast for people interested in real estate investing ManasseroProperties.comPotential Syndication Investors, JVs, etc. and for info on our investments ChildHope.org – Our 501 (c)3 non-profit organization that serves HaitiEmail: bill@olddawgsreinetwork.com – general real estate investing bill@manasseroproperties.com – passive investors bill@childhope.org – Information on our Haiti non-profit Get your copy – Syndication Made Easy – https://amzn.to/2kwjHDNTo get more info – Text: 47-47-47Learn – https://vinneychopra.com/Invest – https://moneilinvest.com/Facebook – https://www.facebook.com/VinneyChopra/Instagram – https://www.instagram.com/vinneychopra/?hl=enLinkedin – https://www.linkedin.com/i n/vinney-smile-chopra-7b7b9619/Twitter – https://twitter.com/smilingvinneyYoutube– https://www.youtube.com/channel/UC_SGeOpnIHvXWqZE9dMUdlw/featured#vinneychopra #cashflow #multifamilyinvesting #apartmentinvesting #investor #multifamily #vinneymultifamily #moneil #moneilinvest #realestate #guidetosuccess #success #motivation #syndication #passiveincome #realestateinvesting #goalsSyndication Made Easy with Vinney (Smile) Choprahttps://businessinnovatorsradio.com/syndication-made-easy-with-vinney-smile-chopra/Source: https://businessinnovatorsradio.com/why-you-need-to-invest-in-real-estate-now-with-bill-manassero

Today’s guest is real estate expert Bill Manassero. Bill Manassero is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than six years.   SHOW HIGHLIGHTS Old Dawg’s REI Network 1,000 units in 6 years Why seniors need to get started in real estate It is never to late to get started in real estate How Bill is looking for deals Recession talk between two experts What do new investors need to get started Education is key Tangible Value Tax benefits 3 Minute Analyzer   Contact Bill Websites: OldDawgsREINetwork.org Blog & Podcast for people interested in real estate investing.                  ManasseroProperties.com Potential Syndication Investors, JVs, etc.  and for info on our investments                  ChildHope.org - Our 501 (c)3 non-profit organization that serves Haiti Email: bill@olddawgsreinetwork.com - general real estate investing            bill@manasseroproperties.com - passive investors            bill@childhope.org - Information on our Haiti non-profit   Get your copy – Syndication Made Easy  – https://amzn.to/2kwjHDN To get more info - Text: 47-47-47 Learn – https://vinneychopra.com/ Invest – https://moneilinvest.com/ Facebook – https://www.facebook.com/VinneyChopra/ Instagram – https://www.instagram.com/vinneychopra/?hl=en Linkedin – https://www.linkedin.com/i n/vinney-smile-chopra-7b7b9619/ Twitter – https://twitter.com/smilingvinney Youtube– https://www.youtube.com/channel/UC_SGeOpnIHvXWqZE9dMUdlw/featured #vinneychopra #cashflow #multifamilyinvesting #apartmentinvesting #investor #multifamily #vinneymultifamily #moneil #moneilinvest #realestate #guidetosuccess #success #motivation #syndication #passiveincome #realestateinvesting #goals    

Bill Manassero is proof that it’s never too late to invest in real estate. Bill made his first deal at the great age of 60! Based in Irvine, California, he has worked in offices, worked as a musician, and operated his own businesses all his life. His music led him to take part on a mission in Haiti, where he started his organization named ‘Child Hope International’ which helps the children of Haiti. After a few years on the mission, he and his family moved back to the states and hit the ground running in the world of real estate.    In this episode, Bill talks about his life in Haiti, how he came up with the idea of helping orphaned and abandoned children. He also discusses why & how he jumped into real estate, about his first deals, his lessons learned from it, and how he made the transition into a 22 unit deal.  Episode Highlights:   Bill’s Mission in Haiti His Start In Real Estate Paralysis of Analysis Hiring Property Managers Connect with Bill:   Website:  OldDawgsREINetwork.com   - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - -   TRANSCRIPTION   Intro: Hey guys, and welcome to the show. Today, I'm very excited to host Bill Manassero. And Bill's story is very inspiring, particularly because of the fact that he started investing in real estate when he was 60 years old. A lot of people say that they're afraid of jumping in because they feel like that ship has already sailed, or they're too young and many other excuses why not getting into real estate. But how about being 60 years old, not having enough money to retire or thinking about retirement and getting into real estate at that particular point? I think that's inspiring, and it doesn't matter the situation, I think it's something that we should learn from. So, without further ado, let's have Bill Manassero.   Lady: Welcome to the commercial real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to off-market strategies.   Don: Hey, Bill, welcome to the show, and happy Thanksgiving.   Bill: Hey, it's great to join you here today. This is Happy Thanksgiving to you too.   Don: Thank you for much. I'm actually Israeli. I know Thanksgiving is an American holiday or like an American event and I have been in this country for eight years. And it's my favorite holiday here, I guess because it reminds me of home. As Israeli people, we assemble every Friday for a Friday dinner with our families.    Bill: Shabbat   Don: Yes, Shabbat dinner. And that is the closest that we got here. So, I love it. I love this holiday and I love the atmosphere and I love the fact that Florida is getting a little bit colder. That's amazing.   Bill: How cold, down to 70 now or something?   Don: Oh it's 75.   Bill: Oh, man, you must have big down coats on.   Don: Yeah I'm wearing a jacket, don't ask. How's the situation in California, right, you're based off California?   Bill: Yeah, I'm in Southern California. It's called South Orange County which borders San Diego County. A very nice area here. Just love it. The beautiful and yeah, I think we're down in the 60s and 50s here lately, so we're getting really cold. And the people, of course, listening and Michigan and places like that are just saying. Yeah, right. What are you guys talking about? Don: That's right. Yeah. Okay. So, Bill, how about you tell us a little bit about yourself in your real estate career? I know you're a very accomplished man, and you've done a lot in your career. So, tell us about yourself, what you're doing right now, what you've done in the past. Let's hear all about it.   Bill: Oh, you bet. Sure. Well, I don't know how far back you want me to go. It'd be a long show here but I'll just try to give you an overview. Mainly grew up in Southern California, started off early in the banking industry, or at that time, what they called savings and loans, and learned a lot about just the financial transactions that occur and how funds are taken in and dispersed in the way of mortgage loans and so forth and did that for a number of years. And then I opened my own consulting firm, mainly in marketing and public relations. Did that for a long time. Work with the automotive industry. Moved into the technology area. Eventually got involved with a new tech startup, an internet company that was started by a group of Harvard MBAs, one of the persons who was who started eBay and Meg Whitman. Everything is going great, exciting, we're just kind of watching our stock options grow and then boom, the internet bubble burst. And so, I kind of got my first...   Don: Talking about '99 right?   Bill: Yeah, exactly. And then I went into a sort of a totally different direction. I felt like I was called into the ministry and actually started, I've been a musician. I earned my way through college, playing in clubs and doing all that kind of stuff.    Don: It sounds like a very Californian life. you're a musician, you stumble upon the founder of eBay, like across the street.   Bill: Kind of like that. Yeah, a little bit more complicated, how it all came together, trying to rush through here so I won't give you a four-hour version. But that was it. I have been playing guitar since I was a kid. So yeah. And then we started a little rock band for kids and it was wild and we just traveled around the US and played at festivals and churches.   Don: What about real estate??   Bill: Okay, I'm getting there. Okay. So, anyway, so this kind of brought me into old-time mission opportunity in Haiti, specifically, it's in the Caribbean. And Haiti is one of the poorest, if not the poorest country in the Western Hemisphere.    Don: I know much about it actually. It was just a matter of who occupied the country. The Dominican Republic was occupied by I think it was France?   Bill: That was Spain.   Don: Spain and France occupied the Haitian people. And so what happened was that the French people and excuse me if your French guy listening or friends you're listening, sorry about that but they were known to exploit the land so much that the land is just, it doesn't have any vegetation that grows. There was no advantage in raising crops when you compare it with the Dominican Republic and up until this day, If you ever look on this island, which is the exact same terrain both these nations have, if you look at this island from an aerial perspective, then you will see that Haiti is like barren and kind of brown from satellite pictures, whereas the Dominican Republic is all green and forest.   Bill: That's true. It looks exactly like that. Of course, there are different versions of the story. The island initially was founded by Christopher Columbus and it right before he came to America, and it was called Hispaniola so it was all owned by Spain. And, of course, Napoleon and the Spanish were fighting and negotiated basically this island and they split off into smaller third was Haiti which became the French-owned part of it. And that's where the majority, in fact, all of the coffee and I believe the sugar at that time was supplied to Europe through Haiti. It was extremely productive. Also, all the slaves rose up.   Don: Yeah. The people stayed poor. What were you doing there though, I mean, how does it do it real estate?   Bill: Well, it's part of the story. I had been 20 years in business and corporate had been an entrepreneurial side, just a full run a business. So, when I got over to Haiti, I think was coming into my 50s. And we set up a mission over there. And we worked primarily with the street kids in Haiti. We set up vocational training programs and micro businesses for them. They had orphanage for girls and four boys and a guest house and a medical clinic and a school and all these different things primarily because there are 300,000 orphans on the street. So, it's a big problem over there. We spent about 12 years there. It was kind of getting near the end of our mission time and getting older and it's just a tough place to survive and live.  We were prepared to stay, for the duration, but at the same time, my kids are growing up and going back to the States. I have seven kids, a lot of activities going on. And so, we prayed about it. We said this thinks what we want to do is prepare for retirement in the states and so my going to try to get a job with somebody. I thought 60 who's going to hire you, realistically. And then I'd run businesses, I thought that's probably more likely, it makes more sense to me, maybe starting my own business. I'm looking at all kinds of things. I started venturing while I was in Haiti into online businesses and started, generate some income with that. And I thought, wow, this is too much work and I want something that would be passive. And so, I got an unexpected inheritance check in the mail. And I was heavily invested in the stock market and thought I just don't want to take this and put it into the market because that one, it was pretty volatile at that time. And so, I'm looking at what options, maybe as an alternative.    Don: Okay, tell us what you got.   Bill: Okay. I have a board of directors, a nonprofit organization called Child Hope International. That's the organization that funds Haiti and so forth. A couple of guys on my board were heavily into real estate. We had a developer, we had a guy that just invested. They did well and I was going well, that could be something for me. So, I just started digging into books and I started researching. I went online, YouTube, went to webinars, I read tons and tons of books, just trying to get an idea of what's real estate investing all about and order people's programs, I had flipping programs, I had programs. I would order these programs in the mail and was trying to learn what I'd want to do.    At first, I thought I was going to flip and I thought that'd be good, but I'd go like that's another full-time job. I don't want to do that, moving into my retirement years, right. So, looked at rental housing and it's in it seemed to make sense to me and it's it seemed to be the thing that I thought would be the best move. And so, I started researching, I started looking at where good markets to invest because I knew California real estate is way too overpriced. So, I looked at some of the emerging markets and I decided Atlanta and Memphis were good markets and this is back around 2014.   Don: This is a pretty accurate guess. Because of these two markets, in particular, I hear a lot of people that have made a fortune in these years. So yeah, Go ahead.   Bill: Basically, researched that and I found a turnkey company that was based out of Singapore and they had a number of properties there. I was looking at their properties and weighing out which one would I want to invest in and eventually I narrowed it down to a number of them in each market. So, I hopped on a plane from Port-au-Prince, flew into Atlanta, checked out the properties, visited them, boom, bought a single-family home in Atlanta. Hopped on a plane went to Memphis, did the same thing except that there I got a single-family in a duplex.   Don: So, you are buying these properties with that check you got in the mail right?    Bill: Exactly.    Don: Okay, so I don't want to get into your business, but it sounds like a pretty big check. So, did you use any leverage or did you buy cash?    Bill: I paid cash. I'm definitely a newbie. And so, I learned a lot. And I'll tell you a lot about turnkey...   Don: For my audiences, you guys don't have to do this right? Even if you have savings like $100,000 and you want to start in real estate and you can just put down 20% and leverage the rest of it. And just make sure that your debt is less than your income. So, you'd be able to pay the debt and still make some cash flow. So yeah, go ahead.   Bill: Yeah, exactly. And so, I hopped on a plane flew back to Port-au-Prince and next month I was making income. They had tenants already, and they had been rehabbed already. I thought this was great, I mean, I don't have to do anything. I got money, what they call mailbox money, right?    Don: It used to be a mailbox, but now... We used to call it a mailbox.   Bill: Right. And so, I'm going this is great. And at first, I was just thinking, well, I'm just diversifying my portfolio right? And as thinking yeah, I real estate, I got precious metals, I got stocks and bonds and so forth. This is just another one of those things. But then I started thinking gee, I should have started this a long time ago. Okay, I like this, let me do the same.    So, I started, went into another market and Indianapolis. The first day bought a duplex because one thing I'd found out very quickly and it was only after a few months of getting these checks and also you get experience also when you get vacancies and I had plenty of those and so forth. But it made so much more sense to get a duplex as opposed to single-family because, again, the economies of scale, I paid about the same price for all three properties that I purchased. But I was making twice as much in income from the duplex. I had a vacancy, it's only a 50% vacancy, in a single-family home it's 100% vacancy. So, it just made more sense to me. And then I started thinking beyond that. I said, “Why limit yourself? Why not go for larger multifamily?”   Don: It's a great idea because I think what happened to you, if I'm analyzing that correctly, was that since you had no experience in real estate, then you were buying the first single families that you were buying, you paid market value for them. And so that is why you can't see the advantage of buying a single-family versus a duplex because as an investor, I've been doing that all of my adult life so I know that the typical seller, it could be anybody. Be somebody that inherited a property and they live in California, but they have a property in Florida or vice versa.    So, they're not as knowledgeable as the investor that buys a duplex. Because a duplex is typically an investment property. So, the person you're dealing with is more sophisticated. Therefore, it's going to be a little bit more difficult to get a good deal. Right? So, the advantage of buying single families versus duplexes is that you can get a better deal. But as far as equity, so you can buy at 50 or 60 cents on the dollar if you're looking for the right properties, but with a duplex, it's going to be a little more difficult, you're going to pay 80 cents on the dollar, if you got a good discount, or sometimes going to pay market value. The advantage is the fact you have one roof sometimes, one AC unit and so it's easier to maintain it right?   Bill: Right, depends on the market and that's another thing I learned about too is that these were all in “C” markets and some markets are better than others. And so that's where I started to see some of the differences. The duplex I bought an Indianapolis for example, okay, I paid roughly $55,000 for it. That was getting at that time $650 per side and there were three, one on each side.   Don: And your tenants were good?   Bill: Tenants were in place. Yeah, tenants were good. But what happened is over a very short period of time, within a year's time went from $55,000. I bought it, it was another turnkey. So, it was already for the most part rehabbed. I saw that the value goes from $55,000 to about $200,000.   Don: Yeah, and you got lucky there because you got into the market exactly where it was going up, especially multi-families. They were just booming. If you got a property in 2014-2015, there could be very, very little things you can do to not make money, if you bought multi-family because they appreciate it to the point where now, people pay five and a half cap rates for multi-families, which is unheard of.   Bill: Crazy. It's changed a lot and that's affected a lot of where we're looking now on the type of investing we're doing now. But you're seeing that happen and being able to increase the rents and the value of that little $55,000 investment was phenomenal. There's also another sort of a major thing going on as well in real estate in downtown areas to where there's just a lot of millennials being drawn to downtown, there's gentrification, there are all these various things going on.   Don: They work on walkability right now.   Bill: That's what they want. They want to live there almost as you do in Manhattan. You don't have to own a car and the real estate in those areas is going just crazy. And there's still a lot of cities that are in that early stage. And that's where Indianapolis was when I invested in this one downtown area or close to the downtown area. It just took off. So, that sparked a lot and got me very motivated to move for larger multis.   Don: Yeah, you got into real estate at the right time. Donald Trump got the presidency back in 2016 and everything has changed. People don't watch for that, but they don't notice what was done but everything was changed. Regulations, the market itself, unemployment, job growth, everything had changed. And so, multifamily is appreciated dramatically because of the improvement of the economy as well. So, it's a win-win and what happened to you. So how did you get from buying a duplex into 22 units in Indianapolis? How did that transition happen?   Bill: I knew at that point that I loved Indianapolis. Just seeing what it was doing a lot of good stuff going on there. So, I was looking more for like a four-plex, eight-plex something along that line didn't expect to go into 22 unit but I was looking at all places, on Loopnet which usually while we're most of...   Don: It is where deals go to die.   Bill: That's where they go to die. That's their motto, right? And I was just looking through it, just start making broker contacts and maybe kind of look at what markets were offering and so forth. And I came across this property that was 22 units. They were mostly studio. They were like five one-bedrooms, but I think 17 studio, and it was located in a good place between a place called Irvington and Downtown. And both areas were growing, both areas had a lot of positive things going for them as well as real estate values were rising.   Don: What about students? Is there any university or college nearby?   Bill: The location of it is about 10 minutes from almost everything. So, it's convenient. Some of the major hospitals, downtown is 10 minutes away. Most of the universities are in a different area, although some are probably about 20 minutes away that isn't that far. But yeah, it didn't necessarily appeal to the college crowd, but a lot of working-class people. So, I looked at it and this is where I started to freeze up. This is where I had a sort of analysis paralysis.    My first major multi-family and I'm just looking at all the numbers, I'm trying to understand the market. I'm looking at everything I could look at because I wanted to make a good decision that had cold feet and as had or know if I should do this. And so, what I did is this is where I started to leverages. I had those three properties that I had initially first purchased for cash, and I did a cash-out refi to get the down payment for this property. And I finally just said, "I'm going to do it." So, I knew where I was going to get the money, I was going to do it, boom, I made the offer and it was already under contract. So, I was just ah, and it's just so upset. It's going to take me all this time to analyze this and to look at it. Yeah, I even flew out there and looked at the market, walk around, did everything.   Don: There's something I got to say about the paralysis of analysis. And that's something that I've encountered myself when I got into the commercial properties. And so, I guess there are a lot of people listening to this episode right now and thinking the same. How do I overcome this struggle of the paralysis of analysis, I have come up with a few ideas to get you through.    So, the first thing that I understood that I need to do to get over this is to understand that I'm underwriting twice, right? One is based on the actual on the turnkey on how I'm getting the property. And the second is underwriting what I think it could do, not what the broker says it could do, right, what I think it could do, based on the market research in the market study that I'm able to do. And then what I need to think about is whether the lifting of the property from the first analysis and the numbers is doing currently, how heavy is that lifting? Is it very heavy? Is it difficult to get it to where I want it to be? And the way to understand that is, first of all, understanding the condition of the property of the improvement itself, whatever asset class you're looking at. And the second way to do that is understanding your market which is not that complicated. All you need to do is go on a few websites and do some reading. So, when you get over that struggle, everything becomes more clear. Do you agree with me, Bill?   Bill: Yeah, I do. But I also learned, at least in this process being in three different cities, is that the markets vary from street to street to street literally. I can't even say the neighborhood.   Don: But Memphis is known for that.   Bill: Yes, you can buy in a generally good neighborhood. But you are on the wrong street. You got this dog property. So, it's not as easy sometimes to know the market is. The numbers are all there, you can get all the data you want.   Don: It's the same in Houston, Texas.   Bill: Yeah.    Don: I know the market. You gotta understand exactly what you're buying, at what street and the best way to do that is by going there and checking yourself and asking people. But in Memphis, and Houston, Texas, these are cities that you know, everybody's aware of that. Even if you don't know about that, you could do some research and you would find out   Bill: Yeah, I think you're right there is property management team is critical. If you're looking at a good company, be in multiple areas that know the area well, they know what rents are, they know what demand is, they're working on a day today. So, getting into communication with a property manager, maybe it could be the potential property management company you would hire. That is the key, I think, for these markets and just understanding the dynamics as well. So that's a good point.    Don: Yeah. But I mean, if you're investing in Florida, for instance, it's difficult to pick up deals because everybody wants to invest here because of its most growing state in the country. So, if you're investing here and you got a good deal, then most likely you're going to be good because of population growth. So even if it's a little bit overpriced, you're going to be good, because people are coming into the state always. And that's going to keep happening. And so, you are always going to have demand, which is at the end of the day, it's the number one rule of supply and demand. If you got the demand, there is still supply then you'll be fine.   Bill: Exactly. And just to finish the story about the 22 units. Like I said it was under contract, but I did something I hadn't done in previous deals, and that was I let the broker know, I said, "Look, if this falls through for any reason whatsoever, call me" and boom, you'll have a check on your desk the same day. I said I'd like the property, I want to invest in it. And yeah, I just said it and I'm going about looking at other properties and so forth. Three months later, this deal fell through, the guy didn't get the funding. And he calls me up and I said, Okay, we're in it. But let's talk about the price. I was able because he was desperate, the seller had gone through back to you. And that's exactly. One deal went bad so I was able to reduce things down. After inspection, I was able to reduce things down even further.   Don: That's super cool. There's something I want to say about that. I heard from a very smart man, a very beautiful sentence, "You always got to be a flame, not the moth in the negotiations." You got to let the other person come to you because when they come to you, then you control the negotiations. Right?   Bill: Exactly. They negotiated not only the deal I wanted, but it was about 20% under market. So that worked out good. And close the deal and a relatively short period of time.   Don: Nice. So, tell us a little bit about the numbers of that deal. So, I'm curious about how much you paid for it.   Bill: Well, believe it or not, I paid $350,000 for 22 units. You can't buy a tool shed out here in Southern California.    Don: We're talking about almost 16,000 units; a door right? What was the renovation prior?    Bill: That was a trick on this one. I had allocated about $50,000 for renovation. It wasn't enough. But basically, what I was able to do is I was able to come in, rents were $395 on an average for the studios. And by going in there and doing some common area renovations and just upgraded significantly and some exterior stuff before we even touched the apartments, we demonstrated to the tenants that we were doing good things that allowed us to bump it up. And we were able to bump it up to about $450.   Don: Were you always fully occupied there?   Bill: We were in the early stages. And then later, we started moving into some sort of major renovation. And when we start getting into the units, which brought our occupancy numbers down. But to get it to that place, and I bought this in ‘16, we're currently averaging about 650 per unit now.   Don: Wow. So, let me just go with the number. So almost $119,000 right? That's your gross with $450 in rent. Right?   Bill: Right.    Don: And so how long have you had the property since 2016? So, your gross income is $171,600. Right?    Bill: Yeah.    Don: What would you say your expenses are?   Bill: Expenses are roughly around probably about 48%.   Don: So almost $90,000 right. So that's your NOI right now. That's after three years of holding the property, right? Now, you said something about the Cap X that you calculated the repairs for each property at $50,000 like that the entire thing. What was it at the end? You said it was more.   Bill: Yeah, I ended up putting quite a bit more into it. It was different here. The first three homes that I had purchased were all more within the criteria that I had initially established and that was looking for homes roughly around the 80s, 1980s and above, newer homes that wouldn't require a lot. Well, the first duplex I bought there was built in 1900. In that area, they're all old like that, but that's what's kind of funky about it, where people like it, it's these Victorian houses and people fix them up, renovate them nice and they look great. The duplex I didn't have any issues with for the most part. Everything was upgraded. They did a good job on the rehab. But this one 22 units was built in 1925. One of the things that I knew I played a lot more in Cap X.   Bill: Yeah, a lot more and that was my fault going into it because all I was looking to do is cosmetics. Primarily in the units, they were all gas stove and I switched them all out to electric. I've had a rewire to 22 each unit to get electric stoves, electric heating, everything. They operate on a boiler is time. For years it was very efficient, it worked great, but it didn't make any sense for me. Then plus the one that was there was going to have to be replaced and that's could be like $20,000 or more. So, they said it's going to get rid of the boiler, I'm going to go all-electric and so on our renovations, that was probably the costliest thing that I had allocated for was electric.   Don: Let's say you ended up investing about $80,000 - $90,000. Right?   Bill: Probably around that. I might have to look over the three years but yeah, it's probably a little bit more than that.   Don: Well, you're buying that in cash so at least you were not paying any interest and your debt was not non-existent. So, it's possible to do these things when you have cash in your hands and you can get and invest and do some work into it. But I'm impressed by the NOI that you got because you're getting $90,000 right now and used to gross $104 when you bought it. What kind of cap rate you'd say you bought it for? Was a 10 cap or 8 caps?    Bill: Greater than 10. It might have been even 11.   Don: And now this thing is worth probably a six and a half?   Bill: Yeah, I think the market cap is right around seven.   Don: So just in comparison, if you're bringing $90,000 home, NOI on a yearly basis, and we're looking at it from a seven cap respective, then we're talking about a new value of $1,295,000.   Bill: Yeah, that's what it looks like just by numbers here, right.   Don: Yep. If we're looking at numbers only. Even if your expenses would increase, so you have a major ticket item in front of you of repairs, let's say you make $85,000 in NOI, and we divide it into seven and a half cap, which is going to hurt the value. The more the cap rate is high. So that's a $1.13 million valuation, which is outstanding. So, you've tripled your money in three years. That's a phenomenal return.   Bill: Yeah, it was an education for me for sure. Especially not having any experience in jumping into that.   Don: Yeah. This is why it's always best to jump into real estate even if you don't know anything because even if you're going to lose money, it's somehow going to be alright. Because you've learned things that are going to be useful in the future, even if you're 60, right? That's what I'm getting from you, Bill.   Bill: But one thing I learned without a doubt, and I studied a lot of reads a lot of books, a lot of things. But I realized that the real education begins after you sign your first set of escrow.   Don: When you take action.   Bill: That's it, that's when the real education begins. When you purchase that first property.   Don: You can only know so much in theory. Yeah. So that's an amazing story. And I'm very happy that we had the chance to break it down here for people to see that the amounts of money that you can make as a real estate investor. I think that's terrific and I think it's good that you've discovered it now. Better late than never right?   Bill: You got it.   Don: And what are the best ways to connect with you if anybody wants to get in touch and get to know you a little bit more?   Bill: Yeah, well, we have a podcast also. It's called the Old Dawgs REInetwork, and it's geared for people 50 years of age and older. They want to get started. There's a lot of people approaching retirement or in retirement that want that extra cash flow or they want to create a legacy, they can leave their kids and stuff. So that's all we talked about. And we have a lot of younger people listening, but we try to focus on those folks that are sort of in that latter stage. So, it's called OldDawgsREINetwork.com. And dogs have spelled DAWGS.   Don: Okay, Bill on that note, I'm going to thank you for coming to the show today. We appreciate it and of course, Happy Thanksgiving.   Bill: Well same to you Don. It's been a pleasure.   Don: Thank you very much. Bye-bye.   Bill: Bye.    Lady: Thanks for listening to the real estate investing podcasts with Don and Eden. Stay tuned for more episodes. Till next time.

Show notes:Bill Manassero is a real estate investor, blogger, and host of the popular podcast called the Old Dawg’s REI Network, an educational endeavor for people 50 years of age and older interested in real estate investing. Prior to real estate he worked in the tech industry for many years and eventually moved to Haiti with his family for 12 years, where they established Child Hope International, comprised of medical clinics, orphanages, schools, and entrepreneurial training.In 2014 he bought his first rental property at age 58 and he has a goal of buying 1000 units by 2020 to create passive income for retirement, fund their mission in Haiti, and leave a legacy for their children.On this episode you'll learn:- Bill’s background and experience in REI- Experience in Haiti- Real Estate Investing Goals- Benefits of Multifamily Investing- Market research/financing- Lessons learned- Looking ahead/scaling portfolio- Podcast and purpose of “Old Dawgs REI”Contact Info:Email: info@olddawgsnetwork.comWebsite: https://olddawgsreinetwork.com/

One of the biggest challenges of managing small apartments is not having onsite property management. Bill Manassero found this a major challenge as a new multifamily owner.  His solution: In August 2018, he brought in a "House Mom" - a quasi employee tenant who would act as the onsite property overseer.  One year later and after he fired his first House Mom, he is now ready for the new and improved House Mom 2.0.  In today’s Fun Facts Friday podcast episode, Bill shares an update on how his experiment went, what he learned, what he did wrong and how his new upgrade is a huge improvement over House Mom 1.0. For complete show notes go to http://olddawgsreinetwork.com/360-house-moms-2-0/ IF YOU LIKED THIS PODCAST, we would love if you would go iTunes and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn.

Bill Manassero is the Founder of Child Hope International that helps the people of Haiti. He is also an entrepreneur and real estate expert. His podcast is called "The Old Dawgs Podcast."   Brought to you by Haberland Group (HaberlandGroup.com) and Hardy Haberland's Programs (HardyHaberland.com).   This podcast is brought to you by Haberland Group. Haberland Group is a global provider of marketing solutions. With multidisciplinary teams in major world markets, our holding companies specialize in advertising, branding, communications planning, digital marketing, media, podcasting, public relations, as well as specialty marketing. If you are looking for a world-class partner to work on marketing programs, go to HaberlandGroup.com and contact us.   This podcast is also brought to you by Hardy Haberland's Programs. Hardy provides educational programs for high performers who want world-class achievement, true fulfillment, and lasting transformation in their lives. He also provides consulting for established brands and businesses that have generated a minimum of $3 million in annual sales. If you need a catalyst for transformation and a strategist for success at the highest level, go to HardyHaberland.com and apply.   If you enjoyed this episode, please consider to rate, review, and subscribe on Apple Podcasts/iTunes. It takes less than 60 seconds and it really makes a difference. Rate, review, and subscribe at HardyHaberland.com/iTunes.

Bill Manassero is the Founder of Child Hope International that helps the people of Haiti. He is also an entrepreneur and real estate expert. His podcast is called "The Old Dawgs Podcast."   If you enjoyed this episode, please consider to rate, review, and subscribe on Apple Podcasts/iTunes. It takes less than 60 seconds and it really makes a difference. Rate, review, and subscribe at HardyHaberland.com/iTunes.

If you think you are too old to start investing, that time keeps passing by and you are never going to achieve your financial retirement dreams, think again. You can start a real estate career whenever you want to, the only thing you need to have is real estate passion, and being able to learn, read books, and connect with other real estate colleagues that have something to say to you. Bill Manassero started his real estate career at 60 years old and in a little while, he got on top of the game. Today, he has a podcast for The Old Dawgs out there who are contemplating the idea of starting their own real estate portfolio for their retirement.  With over 20 years of corporate and entrepreneurial experience, Bill and his wife spent 12 years in a mission in Haiti taking care of orphan kids. Upon deciding to return home, he looked into what he would do and decided to venture into real estate investing to earn some money for his retirement, for his mission in Haiti, and for his family. Soon, he started developing his portfolio of properties and through trial and error, he has developed a plan to acquire 1000 units/doors by 2020.  In this episode, Manassero shares with us how an unexpected inheritance allowed him to get into the market, and his progression through different kinds of real estate properties and strategies, from wholesale and turn-key, to multifamily apartment buildings. Learn the importance of developing relationships with the people you do business with, how it is a long term play and most importantly, how not to get discouraged by your age or your lack of success.   “It is a long term play and it is easy to get discouraged.” - Bill Manassero Podcast summary: 05:10 - How he taught the kids in the orphanage a business model that proved to make a lot of money. 06:50 - Starting from scratch with an unexpected inheritance and deciding to go into real estate. 11:30 - Developing an educational blog first and then a podcast The Old Dawgs for same-age peers, the so-called Baby Boomers. 16:60 - ‘Starting around 40 is absolutely not a problem’, Bill was 60 when he started. 22:15 - Why it is never a bad time to buy and how you can get success with tech knowledge and innovation.  26:53 - Turn-Key: Buying properties that are already fixed and ready that come with a management company and what led Bill to move away from it.  33:52 - Development of his plan, the ups and downs, and setting a goal. 36:50 - Multiple family apartments as Bill’s big lightbulb moment and how 100+ unit buildings was the way to go from there.  43:50  - Why working with people and developing strong relationships is the real key to investing in real estate. 46:56 - Getting your family involved in your businesses is important and you can make it fun.   Connect with Bill The Old Dawgs Podcast   Episode Resources The Holy Bible Audible Podcast App Narnia Rich Dad Poor Dad by Robert T. Kiyosaki Cashflow for kids by Robert T. Kiyosaki

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Today we are joined by multifamily real estate investor and host of the Old Dawgs REI podcast Bill Manassero to discuss Bill's story and how he got started in multifamily investing, the importance of systematizing your business, emerging markets, and so much more. Find Bill's free report in the show notes: https://www.therealestatecpa.com/podcasts/68.-emerging-markets-and-the-importance-of-systemizing-your-business-with-bill-manassero Learn more about Bill and his work: https://olddawgsreinetwork.com/ To learn more about our Year-End Tax Planning service visit www.realestatecpa.com/yearend/ and fill out the short form and we'll get back to you in 1-3 business days for an initial consultation. For more education about optimizing your tax position, use this guide as a resource for just about every topic that applies to you as a real estate investor: www.therealestatecpa.com/the-ultimate…te-investors To sign up for our Virtual Workshops visit: www.therealestatecpa.com/virtual-workshop/ Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa/

Robert Martinez, CEO is interviewed by Bill Manassero on Old Dawgs REI Network podcast. Robert started out looking for a side hustle to fill an income gap resulting from reduced sales commissions and ended up building a real estate dynasty in just 8 years.  In this podcast episode, Robert Martinez, apartment investor extraordinaire with 17 prestigious city, state and national real estate awards, shares how he was able to grow his extra-income side hustle into a multi-million dollar real estate enterprise with nearly 4,000 apartment units under management. For full notes and details from the podcast visit http://olddawgsreinetwork.com/rockstar-gets-4000-units-8-years/  Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Manassero is the host of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill and I will be discussing how Bill went from purchasing duplexes into purchasing a 22-unit apartment out of state. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/

Bill Manassero started investing in real estate in his fifties when, after 11 years as a missionary in Haiti, he realized he needed to get his financial house in order. In 2014, he took massive action and started real estate investing with only 4 cash flowing units. In 2016, he leveraged those to get his first apartment building, with 22 units. Shortly thereafter, he established the goal of getting to 1,000 units in 6 years. As a syndicator, he has expanded his real estate portfolio across the United States. Today, he helps “55-pluses” invest in real estate with an emphasis on legacy building and supplementing fixed incomes.   In this episode, we dive into Bill’s approach to raising capital from people at retirement age. Additionally, he shares how to identify the risk profiles for the 55+ age group and addressing their need for immediate cash flow and passive income creation.

Bill Manassero and Matthew Baltzell discuss the number one thing all retirees want- cashflow! Bill explains to us how real estate investing can be the vehicle to impressive cash flow leaving your mind at ease to enjoy retirement.  Some information discussed: Haitian Orphanage to Real Estate Investing The syndication model Becoming a passive investor Emerging Markets Creating Cashflow Books Mentioned The Advanced Guide to Real Estate Investing with Ken McElroy Pain Point In Business Landlording About Guest Bill Manassero is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than 6 years. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side.  Contact info@olddawgsnetwork.com Podcast Old Dawg’s REI Network Give Away 12 Common Mistakes Real Estate Investors Make Sponsor: Audible.com Get a free audiobook today and cancel anytime! What are you waiting for? Give me my FREE audiobook TODAY!  Show Us Some Love If you enjoyed Real Estate Journeys with Matt Baltzell, don’t forget to leave a rating and leave a review on iTunes!  Also, if you’ve got friends who want to jump into real estate (or who dived it and need a life preserver), feel free to share this podcast! (PS We got free swag and the best intro music of all real estate podcasts!)  

Bill Manassero has a 6 year real estate investing goal and is the host of a weekly podcast geared towards people 50 and over who are using real estate to fund their retirement and create a legacy. Connect with Bill Manassero: http://www.olddawgsreinetwork.com Connect with Seth Ferguson: http://www.SethFerguson.org http://www.ALBACapitalGroup.com

Bill Manaserro tells his incredible life story which begins with him getting elected to public office at age 18, becoming a corporate VP by age 21, then becoming an entrepreneur, gravitating into the tech space, getting hired by one of Meg Whitman's companies, and then losing it all when the tech bubble burst in the late 90s. Bill had 5 kids at the time and decided to make a major life pivot, become a professional musician, and travel the world long term with his wife and kids. Homeschooling his kids and teaching them life lessons through travel, Bill shares what life was like for his family as itinerant nomads for over 3 years before moving to Haiti where they would be based for the next 12 years. Bill explains how he and his family founded “Child Hope International” which established medical clinics, orphanages, schools and entrepreneurial trainings for the people of Haiti, and ended up getting his family featured on a CNN special with Soledad O'Brien and interviewed by Oprah. He explains how incredibly challenging yet incredibly rewarding life was for his family in Haiti. Bill then talks about how he transitioned back to life in the U.S. and started investing in real estate in 2014 at age 58 and explains how he has acquired 88 units since then. Bill gives his top advice for real estate investors over 50, and shares tips on analyzing and conducting your due diligence on out-of-state rental properties. Bill then explains why he started the “Old Dawg's REI Network” podcast and shares his biggest takeaways from it.

After over 20 years in business, as an entrepreneur and in music, Bill Manassero spent years doing mission work in Port-au-Prince, Haiti. As he approached his retirement years, he turned to real estate and began helping other seniors learn how to leverage real estate to sustain them during their golden years. On this episode, Bill shares why he moved from turnkey rentals to multifamily investing and gives tips for anyone looking to tap into real estate to supplement their retirement.     Key Market Insights Working with Child Hope International to help abandoned and at-risk kids in Haiti Launched a series of micro businesses to teach Haitian kids a skill Skills included bakery, internet business, web design, etc. Purchased turnkey properties in Atlanta and Memphis 40% of retirees are looking for help Old Dawg’s REI Network began from emailing friends to answer questions about his journey which turned into a blog and then a podcast Was seeking emerging markets and saw jobs, population growth, strong demand and affordable housing, which attracted him to Atlanta and Memphis Seeking a bell curve where rents and values were beginning to increase Liked the idea of turnkey rentals – rehabbed homes with existing tenants – ended up with bad experiences with three different turnkey providers Turnkey providers make their money on the sale of the property – not from property management Economies of scale (even for a duplex) opened his eyes to multifamily Purchased a duplex in Indianapolis that quadrupled in value in less than two years Indianapolis – like many Midwest markets – has seen the urban core develop and attracts millennials renters Investors 50+ are dealing with healthcare and retirement planning with concerns that they’re savings may not be enough Retirees looking to invest in real estate may have more difficulty qualifying for certain loans Develop a timeline, come up with a strategy to acquire the properties necessary to maintain your lifestyle in retirement     Bull’s Eye Tips: Winning Your Market (as a 50+ investor): Know your “why” Tracking Market Changes: Plug into your people on the ground Daily Habit: Wake up early   Resources: Old Dawg REI Podcast Best Business Books: Profit First by Mike Michalowicz   Digital Resources W Box App   Tweet This: “Turnkey providers make their money on the sale of the property – not from property management”   “40% of retirees are looking for help”     Places to Grab a Bite: Bella Cuba   Connect with Bill: Website: Olddawgsreinetwork.com   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.    

"There was very little that was typical in Haiti..." -- So begins our guest in this episode, Bill Manassero in describing his unbelievable 12 year adventure as a missionary in Haiti. Bill's story is well worth a listen, as are the other insights he shares in this episode. Among those insights - Bill debunks the myth of age as a limit on getting into REI. And he also describes how to invest in real estate properties, despite living overseas. For his insights on these topics & more >> Click "Play" in iTunes

As his time as a missionary helping the needy and Haiti drew to a close, Bill Manassero knew he was at a crossroads, but not yet willing to retire. So he began investing in multi-family and single-family homes, but realized that plan wouldn’t scale forever. He decided to transition into apartment complexes, and joins us […]

Bill is a multi-family investor and host of the Old Dawgs REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill’s goal is to own/control 1,000 units/doors in less than 6 years. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti for 12 years. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side. A few highlights of his career include meeting Ronald Reagan, working with Jimmy Stewart, being interviewed by Oprah Winfrey and having CNN produce a documentary on his work in Haiti. You will want to listen to his podcast: olddawgsreinetwork.com 3 value bombs 1) Pull yourself out of the business and look from the outside 2) Do it right from the start 3) Create a manual and create systems Books referenced: Rich Dad Poor Dad, Robert Kiyosaki The Bible Lifeonaire, Steve Cook This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Jack and Shecky interview from Bill Manassero of the Old Dawg REI Network.  Bill's focus is on maximizing retirement income with real estate investing, and doing it QUICKLY.  Bill was an experienced SoCal Ad & PR agency owner away from working with companies like Nike and Nissan, but was able to leave that and pursue his passion of serving the underprivileged in Haiti. Bill is shining example of "it's never too late." He is supporting his life mission and leaving a wonderful financial legacy for his kids and grandkids. Tune in! In this fantastic episode you'll learn about: How Bill Will Own 1000 Doors by 2020 How To RECOVER In Time For Retirement Funding Your Life Purpose With Savvy Real Estate Investing What Are The Best Emerging Markets For Investors Buying Into Money-Wise Areas How You Can Create A Legacy Of Wealth For Your Family Visit http://olddawgsreinetwork.com/ to learn more about Bill and tune-in to his podcast. If You'd Rather Read, Here's The Full Episode Transcript: https://hrre.egnyte.com/dl/JqwDmRLLOF

Today I am joined by one of the "Old Dawgs" of real estate, Bill Manaserro. Bill is the host and "Top Dawg" of The Old Dawg’s REI Network podcast, which focuses on helping investors 50 years and older to build their retirement and leave a legacy for their children. His goal is to build a portfolio of 1,000 doors in just six years.

Is it ever too late to start investing in real estate? Here on the show, we always talk about planning for retirement, but what if you're already at retirement age.   On today's podcast, I'm joined by Bill Manassero, the founder of Old Dawg's REI Network. Bill is here to share his experience diving into the world of real estate at retirement age. We'll discuss how the game changes when you're older, including goal setting and preparing for the handoff process. Bill has so much insight to share; you won't want to miss episode 248 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode248

Listen to this, especially if you do not own real estate, or don’t think you should. You’ll learn how a missionary fresh off Haiti acquired over 100 units in 3 short years. In this episode, Jim interviews Bill Manassero, real estate investor, baby boomer, and real estate podcaster. Founder of the Old Dawg’s REI Network, host of the Old Dawgs Real Estate Network Podcast and Executive Director/President of Child Hope International, Bill has set the audacious goal of owning 1000 doors in 6 years. Currently, in year 3, he has already managed to own 100 doors. Bill shares his real estate journey—beginning with his very first purchases that were out of state to where he is today. He discusses how he scaled up by taking on mortgages or “good debt” and explains why he advocates for investing in multi-family homes as opposed to single-family homes. Bill urges all baby boomers to consider real estate investing as a way to fund their retirement. Tune in as Bill shares some of the hacks he’s learned along the way so that you can yield amazing cash flow from your investment property as soon as possible!   Time Stamped Show Notes:   ●     00:37 – Drying up that cash flow is a predicament that many boomers face; this is a fact discussed by Todd Tresidder in Episode 32 and Jordan Goodman in Episode 18 ●     01:07 – However, some people have lifetime pensions and no financial worries ●     01:16 – A couple of market haircuts might mean that even $1 million in savings may not be enough for retirement ●     01:37 – Jim recently closed on a duplex and was speaking with a home inspector o      01:43 – Found out that the home inspector owned 15 rental properties o      01:58 – When the market crashed, his real estate holding dropped like everyone else’s; however, his rental checks started coming in with increased regularity ●     02:23 – Today’s guest, Bill Manassero, is a baby boomer, real estate investor and real estate podcaster with a goal of owning 1000 doors ●     02:58 – Bill worked as a missionary in Haiti 12 years back o      04:01 – Towards the end of his stint, Bill left with no retirement benefits and was wondering what to do next o      04:25 – Was keen on becoming an entrepreneur since he wanted to enjoy his retirement years with his wife, kids, and grandkids. o      04:38 – Inspired by the likes of John Lee Dumas, he ventured into the world of internet by selling Amazon’s stuff on EBay o      05:10 – Was making decent money, but then got kicked out of EBay due to a couple of bad reviews o      06:02 – Invested his inheritance into 5 properties in Memphis and Atlanta o      06:58 – On the back of his initial success, invested in another duplex in Indianapolis o      07:17 – Still associated with Child Hope International based in Haiti; set a goal of 1000 units by the end of year 6 with the goal of benefiting this non-profit o      07:41 – Simple strategy of doubling units every years; has managed to reach 100 units at the end of year 3 ●     08:30 – Started blogging his real estate story which slowly evolved into a podcast; aiming to help people who are approaching retirement or already in retirement ●     09:40 – Purchased his first three properties in cash; realized that if he wished to grow further, he had to take up mortgages, which is “good debt” ●     11:02 – Aims to make a cash flow amount of $100 per door ●     12:10 – Inflation means that a dollar today will be worth less in the future; investing in real estate is a great way to counter inflation ●     12:49 – While some stocks might totally dissolve in value in a tough market, that is not the case with real estate o      13:17 – No matter how bad the economy is, people will always need a place to stay o      14:02 – Real estate is a tangible asset, and historically values have always gone up in real estate ●     14:37 – Define your needs in order to zero in on a property investment; if you need $200-$1,000 more, consider a single family home, duplex or fourplex o      14:56 – Apartments are a way to get to a high-income level quickly ●     15:17 – Ended up paying the same amount for the duplex as two single family homes but got twice as much rent; single property tax and low maintenance were the other perks ●     15:32 – Started investing in multi-family homes to exploit economies of scale ●     17:00 – 4 steps to invest in property: o      17:06 – Education is the first step; know what you are buying and where you are buying ▪       07:14 – Do not buy in a market that is on the decline; buy in a market where jobs are being created and there is demand for housing ▪       17:29 – Know the kind of property you want to get, and what you hope to get out of that ▪       17:44 – Know what you are buying, and what you should be paying for the property ▪       17:52 – Not recommended to buy a turnkey property since you end up paying a premium; no guarantee if the property manager is any good o      18:23 – Find a mentor who will help you build a rental portfolio o      18:39 – Determine how much money you need to set aside, create a plan about the amount of money you need to set aside and the properties that you need to buy o      18:55 – Step in there and take action ●     19:38 – Your education is put to good use after purchasing a property as you need to find tenants and deal with taxes ●     20:45 – Bill is based in California but owns properties in Memphis, Atlanta, and Minneapolis o      20:55 – Better to find a property in your own neighborhood o      21:35 – California is a speculative market and not right for someone looking for a good cash flow o      21:56 – Tennessee is a big commercial hub; great demand and duplex prices as low as $30,000 renders it a good market o      22:22 – Zillow estimate for the Minneapolis property that Bill purchased for $55,000 is currently $150,000 ▪       23:02 – Rents out this property at $2,200 per month ▪       23:56 – After having the property vacant for six months, was able to get a good property manager and subsequently tenants through BiggerPockets ●     26:10 – Bill talks about his experience purchasing a 22 unit complex in his second year o      26:25 – Found a 22 unit apartment property on Loopnet selling for $400,000 o      27:53 – Offered $370,000 and ended up getting the property for $350,000 after inspection o      28:02 – Appraised value by bank was $400,000 o      28:24 – 30% down payment was required due to Bill’s poor credit history o      29:06 – A multi-family home consisting of more than 5 units is looked upon as a business plan o      29:39 – After refurbishing the property, the value of the property has doubled ●     31:48 – Top reasons for boomers to invest in real estate o      31:50 – Strive to arrive on accurate valuations and driving up passive income o      32:08 – Bill’s properties are located in other states; recommends a passive investment approach where the property manager is the one dealing with the daily grind ▪       33:04 – Finding a good property manager is critical for out of state investors ●     33:16 – Open your properties under LLC to protect your other properties and personal assets; matters are generally settled between the tenant and the insurance provider and an out of state investor is completely out of the picture o      33:50 – If the tenant knows you, they are more apt to go for your personal assets in the event of a lawsuit ●     37:34 – Looking back, Bill would have slowed down a bit and found time to listen to people a bit more ●     38:41 – Connect with Bill through his email ●     39:01 – Check out the Child Hope website to know more about how they are helping children in Haiti ●     39:53 – The Old Dawgs Real Estate Network Podcast is geared towards 50 plus individuals looking to invest in real estate ●     40:21 – For Bill, investing in real estate is a way of helping out the kids in Haiti, visiting different places, and giving his daughters the marriages of their dreams ●     41:50 – Just because you are retired does not mean that it is over o      42:09 – Bill started investing in real estate at the age of 60 and is loving every minute of it; real estate investing is like a hobby that reaps great rewards ●     42:39 – In Planet Boomerville, we know that life is just beginning, and the whole idea is that this part of life is to be as good or better than the prior life ●     43:40 – Jim Enright’s sign-off message: Be stellar, and live life lively ●     43:50 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe 3 Key Points: 1.       Do not buy in a market that is on the decline; buy in a market where jobs are being created and there is demand for housing. 2.       Investing in multi-family housing is a great way to exploit economies of scale. 3.       A passive investment approach can yield rich returns for you; hiring a good property manager is critical for out of state investors. Be sure to visit www.PlanetBoomerVille.com   

  Bill Manassero of Old Dawg’s REI podcast is our guest this week. He shares with us his experience of picking up real estate later in life and everything he’s learned... The post #168 Old Dawg’s REI Podcast Interview appeared first on RentPrep.

They say you can't teach an old dog new tricks, well this week on the show I have the pleasure of chatting with Bill Manassero about exactly that.... how old dogs can in fact learn new tricks and much, much more. Bill walks us through the exact process for getting started investing in real estate regardless of your age. He provides some CRACKIN advice and actionable steps for anyone thinking about taking the plunge. So what are you waiting for? Get out there, get educated and take massive action! Until next week, happy investing!

The Old Dawg chats with The Big Dog (Michael Becker)  Bill Manassero with the Old Dawg REI Network Podcast explores why Michael Becker has a track record unlike few others.  In less than 4 years, Mike has acquired over 4,000 units.  That's right!  4,000 units in less than 4 years!  In this very special podcast, Mike will be sharing some of his insider secrets on how he got there so fast.  In his interview he will be discussing tips for working with brokers (your number one source of great deals), leveraging and how to find the best off-market deals. • How to recruit people into your deal to help you qualify for the good loans • How to build and maintain a strong deal funnel • How Mike went from buying single family foreclosures, rehabbing and renting them out to buying multimillion dollar apartment communities • How to get brokers to listen to you even when you have no prior experience • How to get brokers to call you first when they have great off-market deals • The importance of knowing how to properly underwrite potential properties • Creating a powerful “elevator pitch” to share with everyone you meet to attract great deals and high net worth investors Listen to the olddawgsreinetwork.com  To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Bill Manassero is on his way to owning 1,000 rental units. Learn how to use cash flowing real estate to create mailbox money in retirement. Please Rate and Review The Show HERE

In this episode we interview Bill Manassero of Old Dogs REI network. Bill has spent the past 11 years of his life serving with his family as missionaries to orphans, abandoned and at-risk children in Haiti. Bill said that it was one of the most incredible and beautiful experiences of his life. He and his wife Susette founded an organization called Child Hope International that helps the people of Haiti. They have seven children, four grandchildren and another 50 beautiful Haitian children at Child Hope's Lighthouse Mission orphanage in Haiti. Bill has since returned to the US and shares with us his story of how smart investing in multifamily real estate started making money for his retirement. Buying apartment buildings has given him the cash flow to support himself and his familyand. Bill started the website and podcast Old Dog's REI Network and currently teaches about multifamily real estate investment online.   In this episode you will discover how make smart investments with Bill's success model:   1. Plan for investment 2. Pre-educate 3. Get a Real estate mentor 4. Post-educate 5. Take action   And much much more!   Bill Manassero's Site: http://olddawgsreinetwork.com/

Bill Manassero (pronounced “MANNA+ SARROW”)is the host and top dog of The Old Dawg’s REI Network, a web site, blog, newsletter and new weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. At 60 years of age, he came off the mission field with very little retirement funds and the dilemma of going back to work or finding another way of making money. He chose real estate investing. As he pursues REI he is also committed to helping others who are in the same situation by sharing his journey via the Old Dawg’s REI Network. In addition, he will feature knowledgeable guests and other investors on his weekly podcast. Bill’s goal is to own/control 1,000 units/doors in less than 6 years. He plans to double the number of units/doors of each prior year. He is currently at 28 doors and in year two. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneurial side. A few highlights of his career include meeting Ronald Reagan, running an annual event for actor Jimmy Stewart, being interviewed by Oprah Winfrey and having CNN produce a documentary on their work in Haiti. What you’ll learn about in this episode: Bill’s background and why he started The Old Dawg’s REI Network The economies of scale Bill noticed when buying properties of different kinds Bill’s goal of 1000 units by 2020 and how he’s going to get there The markets Bill owns in Stealth tennant marketing: how Bill turned around an area that wasn’t as occupied as it should have been Why Bill likes multi-family over single-family How to find a lot of buyers and renters How Bill find his properties How Bill funds his properties — and the opportunities to partner with Bill Bill’s podcast The Old Dawg’s REI Network Why you should never let an offer die on your side of the table Resources: REInvestorSummit.com/dawgs REInvestorSummit.com/Live REInvestorSummit.com/grow REInvestorSummit.com/aof REInvestorSummit.com/200+

Let's take a look at why Bill Manassero chose to volunteer overseas. You can listen to the show by clicking on the arrows below or finding it on your podcast app in your Smartphone. Volunteering Overseas: How it can give you a better retirement Bill Manassero is the President and Founder of Child Hope International. It's a charitable organization that works with orphaned, abandoned, and at-risk children on the streets of Port-Au-Prince, Haiti. The Manassero family's unique ministry, helped street children get off the streets, and build a promising life for themselves in the Haitian society. Bill and his family served as missionaries in Haiti from 2003 to 2015. Transitioning back to the states for retirement, he began investing in real estate as a means to fund their retirement and help fund their Haitian Mission. He now shares his real estate knowledge with other seniors through his Old Dawg’s REI Network – a website, blog and weekly podcast. Bill tells us some amazing and touching stories of his time spent Volunteering Overseas. Before Bill and his family went to Haiti, they had a children's music ministry. They traveled all around the world doing family concerts for various camps, schools, and groups. Bill noticed one of his daughters saving money. He asked her what she was saving for. His daughter said she wanted to build an orphanage, a school, and a church in Haiti. She was only nine years old at the time! This was the catalyst to start their Haitian Mission. His organization is very much volunteer driven — A good majority of the volunteers are retired. The volunteers commit to anywhere from 1 week to 2 years of service. The volunteers help with things such as teaching life skills such as baking and sewing. They also show the children how to set up a business so they can become self sufficient. The volunteers feed hundreds of children every week. It was fascinating to hear how much volunteering overseas has impacted not only the Haitian Children, but the volunteers as well. We asked, “What do you think people should know BEFORE they retire?” and he responded with: Look forward to it. Prepare yourself for a new adventure to do anything you want to do. Take a look at the spiritual and emotional side.  Start getting excited. Don't get hung up on the money aspect. Focus on the freedom you will have.  You can use that freedom to help others and help yourself. What advice would you give to a retiree who feels stuck? Try to change your perspective on your retirement. Spend time with those in need. Contact Information: bill@olddawgsreinetwork.com or www.childhope.org Download TODAY's freebie at: http://RockYourRetirement.com/volunteeroverseas This article on Retirement Lifestyle first appeared on http://RockYourRetirement.com.

Let's take a look at why Bill Manassero chose to volunteer overseas. You can listen to the show by clicking on the arrows below or finding it on your podcast app in your Smartphone. Volunteering Overseas: How it can give you a better retirement Bill Manassero is the President and Founder of Child Hope International. […] The post Rocking Your Retirement by Volunteering Overseas: Ep. 51 appeared first on Rock Your Retirement.

Here’s some of what you will learn: What are the downsides to “Turnkey Real Estate?” The benefits of multifamily investing over single family. How multifamily property is valued. What is a LOI? What is the standard time for due diligence? The best type of banks to develop a relationship with. How to prequalify with a lender on a commercial property before you pick the property. Bankers are relationship oriented. The 4 markets in which you should consider investing. What is a RUBS Program? Setting up an online pipeline to attract tenants. Using guerrilla marketing to fill vacant units. Our Guest You can learn more about Bill Manassero and Old Dawgs REI Network at: http://www.olddawgsreinetwork.com/ You can learn more about Child Hope International at: http://childhope.org/ Want to build Lifetime Cash Flow from Multifamily Properties? If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business!  - if you'd like to receive information about our program, text CRUSH to 41411 now. Recommended Resource Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://meetme.so/RodKhleif Review and Subscribe Posted in Podcast Tagged acquisitions, Bill Manassero, apartment investing, apartments, appreciation, Assisted Living, broker, brokers, business, cash flow, cashflow, commercial, commercial real estate, CRE, CRE investing, Defaulted paper, Donald Trump, entrepreneur, equity, Eviction, expert, experts, Foreclosure, funding, Hedge fund, investing, investing in real estate, investments, Rod Khleif, Rod Khleif Florida, Rod Khleif Real Estate, Riyad Khleif , manager, mergers, millionaire, multi-family, multifamily, Office, passive income, podcast, private lending, private money, property management, raw land investing, real estate, real estate broker, real estate cashflow, real estate coaching, real estate investing, real estate investor. Investing, REIT, Retail, Robert Kiyosaki, sales, Sales Coach, sales expert, Sales Training, Self Storage, Selling, Senior Living, Shopping Center, Short Sale, Suburban Office, syndication, training, value add, Repositioning assets, multi-family expert, multifamily expert, multi family investing, multifamily training

Bill Manassero got into the game late but is on his way to using real estate to gain financial freedom. See acast.com/privacy for privacy and opt-out information.

My guest is Bill Manassero, the host and top dog of The Old Dawg's REI Network, a blog and new weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill's goal is to own/control 1,000 units/doors in less than 6 years. Prior to forming the Old Dawg's REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side. A few highlights of his career include meeting Ronald Reagan, Jimmy Stewart, being interviewed by Oprah Winfrey and having CNN produce a documentary on their work in Haiti. Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast Click To Tweet: How To Buy Out-of-State Rentals and Investing Later In Life with Bill Manassero If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us!   Interview Links: REI Old Dawg's Network Recommended Books: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner Support Our Sponsors Healthy ONNIT, use coupon code GETONNIT to receive 10% off your order when you use it at www.cashflowninjahealth.com Wealthy Fundrise, a great way to participate in commercial real estate investments. Learn more at www.cashflowninjawealth.com Wise Audible, download any audio book for FREE when you try Audible for 30 days at www.cashflowninjabook.com   Killer Resources! Money Masters Playbook Cashflow Ninja Cashflow Investments Checklist Cashflow Ninja Cashflow Toolkit Thanks so much for joining me again this week. Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and instagram, @cashflowninjapodcast. Special thanks to  for joining me this week. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

This week's guest is Bill Manassero. Bill is truly one of the world's good guys. He's has done a lot in his life and most recently he spent 11 years as a missionary to orphans, abandoned and at-risk children in Haiti. At the age of 60, Bill realized that he was closing in on the age of retirement and he wasn't financially ready for it! Other than a little money in an IRA account and social security benefits Bill didn't have a method of generating income. Being a Walmart greeter didn't appeal to him so he started looking for ways to generate passive income. After throwing out a few ideas, Bill chose real estate and he decided to go big. Bill's goal is to control 1000 doors in 6 years. He's 3 years in and is well on his way!  Since finding some success in real estate Bill has decided to help others who like him are getting close to retirement and need to generate income. Bill started The Old Dawgs Network which began as a blog and is now also supported by a podcast! In this episode, Bill shares his inspiring story as well as the "why" behind his goal. Bill has a very strong “why” and we discuss what that is for him and why it's so important you find your "why". I hope you all enjoy this episode as much as I did! Key Takeaways [8:41] Why Bill chose multifamily investing to generate income [12:50] Why Bill decided to focus on multi-family over single family real estate investing Economy of scale 1 insurance policy, 1 loan etc. for multiple units Less risk of 100% vacancy [15:09] Factors Bill considered when assessing his first big deal Identified key markets Great job/population growth Make sure the place has landlord-friendly laws Rent to value ratio [19:28] How Bill used the inspection process on his fist “big deal” to get a better price [27:01] The importance of identifying your “why” [31:13] How Bill broke down his big goal into manageable steps Accomplished each step before moving on to the next  [32:40] The importance of remembering that real estate investing is about more than just money  [34:23] Why Bill decided to move into his apartment building [37:48] The inspiration behind “The Old Dawgs Network” Connect with Bill Manassero: Old Dawgs REI Network Twitter Resources mentioned Old Dawgs REI Network Blog Old Dags REI Podcast

Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!)In This Episode We Cover:Who Bill is (and why he’s hung out with Oprah)Why he built an orphanageHow his plans transitioned to real estateThoughts on investing while nearing retirementThe risk profiles for various agesHow he focuses on family and not just the moneyHow to reach your freedom numberHow he and his family got onto OprahWhat exactly a turnkey property is — and Bill’s turnkey storyA few red flags when it comes to turnkeysHis goal of reaching 1,000 unitsHow he finds propertiesThe struggles of reaching his goal, from finding funds to working with the right peopleHow he maintains the propertyAnd SO much more!Links from the ShowBiggerPockets VideosBiggerPockets WebinarChild Hope InternationalBP Podcast 115: Getting Started with Apartment Complex Investing with Jeff GreenbergBP Podcast 151: Finding Your “Freedom Number” with Clayton MorrisDesperate for Tenants in Memphis [Forum Post]BP Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanBiggerPockets ForumsLoopnetBiggerPockets CalculatorsTEDx Talk by Robert Kiyosaki [Video]021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast]Books Mentioned in this ShowThe Ultimate Beginner’s Guide to Real Estate Investing by BiggerPocketsThe ABCs of Real Estate Investing by Ken McElroyThe Book on Investing with No or Low Money Down by Brandon TurnerRich Dad Poor Dad by Robert KiyosakiThe 4-Hour Workweek by Timothy FerrissTweetable Topics:“I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!)“I want to be able to go where I need to go.” (Tweet This!)“You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!)Connect with BillBill’s BiggerPockets ProfileBill’s Company WebsiteOld Dawg’s Podcast

In this episode, I interviewed Bill Manassero of the Old Dawg's REI Network and Podcast. Bill is in the process of building a 1,000/door real estate empire to create a super-charged, automatic IN-Come account. I love Bill's show, I love what he teaches and after this interview I think he may become one of my closest friends! What a fun guy, we had some laughs. So come laugh at our expense, while you learn to create cash flow in retirement using real estate. Please Rate and Review The Show HERE:

Bill Manassero host and top dog of The Old Dawg's REI Network, a blog and new weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Bill's goal is to own/control 1,000 units/doors in less than 6 years Jim Jenks Founder and CEO of Global Financial Leasing Services.  Jim earned a Bachelor's degree in Business Administration from Golden Gate University, San Francisco while completing his military commitment in the US Army and return from Vietnam For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!