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Change can feel big, scary, and overwhelming. But instead of trying to eat an entire elephant in one sitting, what if you took baby steps to level up? Today, I chatted with Brent Kawakami—DFW-based real estate investor and VP of Acquisitions at Think Multifamily—to discover how he pivoted to begin his career in real estate. Brent never aspired to be an entrepreneur, going straight into the corporate world. But when the real estate bug bit him, he decided to try something different and make a change. How many frogs would he kiss to figure out his next move? Here's how Brent said goodbye to his corporate life and did the thing to become a successful real estate investor. Want to follow along with Brent's journey or learn more about real estate investing? Follow @BrentKawakami on all social platforms, or email him at brent@thinkmultifamily.com.
Welcome back investors. After our last episode on Sales Coach, Keeley Hubbard's, “5 Harsh Truths No One Wants to Tell you About Raising Capital,” we continue today with her 5 Triggers keeping investors from raising capital. Keeley gets real with novice Multifamily investors about how they market themselves and the criticism they may receive. We'll talk about overcoming fears of failure and how to shake it off when you fall. Join Think Multifamily's Brent Kawakami and Keeley Hubbard in this conversation chock full of investing pearls of wisdom and tactics for getting off the sidelines and engaging the right investors for your deals. THIS EPISODE'S GUEST: Keeley Hubbardhttps://instagram.com/keeleyhubbard
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 10 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 9 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 8 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 7 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 6 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 5 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 4 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 3 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 2 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Welcome back Investors. What makes an ideal Asset Manager? There's not a lot of training out there around efficiently managing your Multifamily assets. But today, Brent Kawakami kicks off Part 1 of a podcast mini-series on Multifamily Asset Management. Brent, himself, manages several Think Multifamily properties and recently exited 3 deals where the proforma was exceeded by doubling the investors money in less than 3 years. Brent is ready to reveal to YOU his asset management tips for replicating this kind of profitable process! THIS EPISODE'S GUESTS: Brent Kawakami Thinkmultifamily.com
Want to hear how we closed 90+ units in a competitive market? Tune in and listen to our top take aways from this challenging deal. Connect with Brent: Brent@ThinkMultifamily.com - Sign up for my investor club: https://www.bannockcapital.com/invest WATCH NEXT: Real Get your guide on going from $0 to over $40k/ year in passive income in less than five years: https://bit.ly/2WV5S17 CONNECT WITH ME: Website: http://bannockcapital.com/ LinkedIn: https://www.linkedin.com/in/lucascsmiller/ Facebook: https://www.facebook.com/LucasCSmiller Fear Free Passive Investing Podcast: https://apple.co/2TGQ41R Connect with me on BiggerPockets: https://www.biggerpockets.com/users/Millerl
Welcome back Investors! Last week Mark and Brent talked about keeping your deal on track and the important topic of Asset Management. On this week's episode, we're talking about something a little more fun...making money! The guys talk about things to consider when refinancing and selling properties. Think Multifamily has successfully exited multiple deals so this is one you don't want to miss. THIS EPISODE'S GUEST: Mark KenneyBrent KawakamiThinkmultifamily.com
Hey investors! We talk a lot about buying apartments here at Think Multifamily... but what happens after the deal closes? All those high-fiving social posts are all great at first, but someone has to make sure the deal actually performs for investors after. On this week's episode, Mark and Brent talk about the important topic of Asset Management. What are some best practices for keeping tabs on your property manager? What key performance metrics should investors pay attention to? Let's jump in. THIS EPISODE'S GUEST: Mark Kenney Brent Kawakami Thinkmultifamily.com
Brent Kawakami is the VP of Acquisitions for Think Multifamily, a Multifamily Investment company that provides opportunities to invest in B & C class apartment buildings in Cash Flowing markets. Brent's role encompasses a plethora of responsibilities, ranging from asset management, to investor relations, and marketing. In this episode, Brent details his journey from corporate America to full-time multifamily investing. He also dives into how he met his current partner, Mark Kenney. In this episode, you'll learn about the benefits of real estate over other asset classes, why Brent likes multifamily over single family, how he approaches “conservative underwriting,” and the economies of scale of multifamily real estate. This is an episode you won't want to miss!Contact Brent:Brent@thinkmultifamily.com
Brent Kawakami is the VP of Acquisitions for Think Multifamily, a Multifamily Investment company that provides opportunities to invest in B & C class apartment buildings in Cash Flowing markets. Brent's role encompasses a plethora of responsibilities, ranging from asset management, to investor relations, and marketing. In this episode, Brent details his journey from corporate America to full-time multifamily investing. He also dives into how he met his current partner, Mark Kenney. In this episode, you'll learn about the benefits of real estate over other asset classes, why Brent likes multifamily over single family, how he approaches “conservative underwriting,” and the economies of scale of multifamily real estate. This is an episode you won't want to miss!Contact Brent:Brent@thinkmultifamily.com
Welcome back investors. Today, Brent Kawakami sits down with Think Multifamily's Mark Kenney for another hard-hitting episode of “Ask Mark Anything.” Our listeners have submitted some curve-ball questions which Mark will address in detail exposing deal disasters, market motivators and lessons learned over his extensive Real Estate Investing career. Stay tuned for insights on the economy, answers to questions about fluctuating cap rates and to learn how Covid-19 has affected Multifamily buyer habits. You've got questions… We've got answers. THIS EPISODE'S GUEST: Mark Kenney Thinkmultifamily.com
Hey investors! It's time for another podcast episode of our A.M.A…. Ask Mark Anything! Join in as TMF's own Brent Kawakami quizzes CEO Mark Kenney on questions centered around passive investor expectations and what they should be aware of when investing in a deal. These are tough questions every limited partner should know the answers to. So let's get to it. THIS EPISODE'S GUEST: Mark Kenney thinkmultifamily.com
Hey investors! Have you ever wanted to ask questions to an experienced real estate investor with thousands of units of under their belt? Well you’re tuned into an episode of the highly requested “Ask Mark Anything.” Brent Kawakami is tee’d up with your listener questions for Think Multifamily Co-founder and Multifamily Mentor, Mark Kenney. Come along and go back in time with us as Mark reflects on his very first large apartment deal and how Multifamily Investing has changed the Kenney’s lives forever. THIS EPISODE’S GUEST: Mark Kenney Thinkmultifamily.com
Welcome back investors. There’s nothing like getting an insider’s look at a REAL Multifamily deal. The reality is… all the podcasts, books, and videos in the world are great, but nothing substitutes for real world experience. Well, today you’ll hear from our very own, Brent Kawakami, as he takes you on an exclusive tour through a REAL deal that he and Think Multifamily acquired AND sold exceeding their 5-year projection in half the time. Brent reveals specific obstacles that came up during the life of the deal and how we overcame them to deliver a top-performing, profiting property in such a short period of time. This honest and upfront account of a multifamily transaction reveals how these deals really get done. Let’s go behind the curtain & Listen In! THIS EPISODE’S GUEST: Brent Kawakami brent@thinkmultifamily.com
Welcome back investors. The Multifamily Coaching space can be a bit crowded. Many people feel confused as they search for the right mentor, not really knowing what to look for or how to make an informed decision. Instead of us telling you what we think is important, we thought it would be helpful to hear from someone just like you… Someone who has experienced SEVERAL coaching groups and has found success on their path to building TRUE Financial Freedom. Listen in as Brent Kawakami interviews Keeley Hubbard, Multifamily Syndicator and Investor, about her experiences with coaching programs. THIS EPISODE’S GUEST: Keeley Hubbard hubbardcapitalgroup.com keeley@hubbardcapitalgroup.com
Tune in and hear how Brent Kawakami from TMF sold a multifamily deal (and we bought a one) during a pandemic! Connect with Brent: https://www.linkedin.com/in/brentkawakami/ - Check out the Fear Free Passive Investing YouTube Channel: https://bit.ly/34ENWep
Welcome back investors and thank you for returning for Part 2 of “Lessons Learned from a Multifamily Syndicator.” Today, we continue an in-depth interview with Multifamily mentor and Syndicator, Mark Kenney as he divulges what he’s learned over the past 26 years of investing in more than 6,000 doors across multiple markets. With full-transparency, Mark delivers several tips for avoiding deal-killing mistakes early on and setting yourself up for consistent cash-flow through opportune apartment investments. I know you’re anticipating his invaluable advice, so let’s listen as Mark and Brent continue with the last 5 Lessons Learned… Part 2. THIS EPISODE’S GUEST: Mark Kenney Thinkmultifamily.com Brent Kawakami brent@thinkmultifamily.com
Hey Investors! Real Estate investing has consistently been one of the BEST ways to build long term wealth for many over the years. For those who are looking to get started in Multifamily Investing or to grow your investment portfolio with real estate, there is no better way to decrease your RISK than to LEARN from others’ mistakes and Lessons Learned. That is exactly what Mark & Brent are going to discuss over the next 2 podcasts. In Part 1, we discuss the first of 5 LESSONS LEARNED when purchasing Multifamily Apartments. Pay close attention as one of these lessons alone is worth its weight in Gold. Let’s listen in. THIS EPISODE’S GUEST: Mark Kenney Thinkmultifamily.com Brent Kawakami brent@thinkmultifamily.com
On this episode I chat with experienced multifamily investor Brent Kawakami who walked away from his engineering W-2 job literally 2 weeks before corona virus shut down the economy. We talk about the lessons he has learned along the way and discuss the power of staying consistent while working towards your goals. I also asked him point blank: Would you still make the same decision to walk away from a stable engineering position knowing now how challenging 2020 would be? His answer will probably surprise you!
Brent Kawakami is originally from Hawaii and currently lives in Dallas, TX. He has an Engineering background from the University of Texas and has been investing in more than 600 multifamily units across Texas, Georgia, and Ohio both passively and as a General Partner. Currently, Brent is the VP of Acquisitions at Think Multifamily.Connect with Brent:Email at: Brent@thinkmultifamily.comLearn more at: thinkmultifamily.com
Join Lucas Miller and his friend and business partner Brent Kawakami on this episode as they flip the script; Lucas will be the guest today. They talked about Lucas' personal entrepreneurial experiences.. Listen in and get inspired by Lucas' story! In this episode, you'll learn: That its the struggles that make us stronger It's not easy getting a deal in real estate Being a good buyer and seller reaps trust Bad buyer/seller experiences do come with lessons learned And much more! ~ Brent Kawakami currently invested in 600+ multifamily apartment units in multiple states. He purchased, rehabbed, rented, and sold single-family houses in the Dallas, Texas area. He graduated from B.S Electrical Engineering at The University of Texas in Austin, 2008. He started and sold a side hustle online information business in 2016. ~ You can find Brent Kawakami on… Website https://thinkmultifamily.com/team/ Connect with Lucas Miller https://www.youtube.com/channel/UCueSkoeJCkfQU9KGJc9Ilsg Quote: This is the quote said by the host, Brent Kawakami: Time will tell. For all the smarter people, a lot of people are smarter than I am and more experienced, but it seems like you're not gonna see that 20/30% blood on the streets and if you're waiting for that, Goodluck!
Join Duc Ong and Vince Gethings as they chat with Brent Kawakami about how to escape the W2 rat race. Brent Kawakami is the VP of Acquisitions at Think Multifamily. He has been investing in multifamily since 2015 and has invested in over 600 multifamily units in Texas, Georgia, Kansas, and Ohio. He recounts his journey from simply wanting to learn about passive cash flow, to getting his first 100+ unit acquisition, quitting his 9-5 and finally going fulltime on multifamily investing. He also shares the challenges, best practices and ninja tricks he learned along the way to help others who also want to leave the W2 rat race and start a more purposeful life. You don't want to miss this! While most people tend to define their financial freedom goals through numbers, Brent shared that he prefers not to set a specific figure for himself. He believes that the business and the number you make should be based on your lifestyle, purpose and personal enjoyment, and not just some random number. To him, going bigger just for the sake of becoming bigger is not necessarily the best thing. He added that it is important that you find what it is that's going to give you the most fulfillment and that in itself is a great indicator on what it is that you want to achieve as you go through your own financial freedom journey. Brent has been investing in multifamily since 2015 and has invested in over 600 multifamily units in Texas, Georgia, Kansas, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single family houses in the Dallas, TX area. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas. He has worked as a consulting engineer in the power/energy industry leading numerous multi-million-dollar projects and has been responsible for the development of over $1B in construction projects. Outline of the Episode: · Brent shares how he started his journey to earning passive cash flow. · How did he decide on real estate over all the options he considered? · Quitting his high-paying W2 jobs and how he made it possible. · Making sure your climbing the right career ladder. · The biggest challenges in deciding to quit your W2 job. · Defining your own financial freedom goal, and not just by numbers. · What is your "WHY" for building passive cashflow? ·Brent recalls his first 100+ unit acquisition. · How the COVID-19 pandemic has affected his collections. · Brent and Vince share their respective company's strategies to mitigate collection lost · The best practices for managing third party managers. Making weekly calls is one of them! · Brent & Vince share their favorite ninja tricks for increasing NOI. · Weighing on the pros & cons of hiring VAs for your business. · Not being pushy and being able to say "NO" as an effective approach to get potential but hesitant investors. · The importance of having outside perspective. Listen to your wife more! · Brent shares 2 of his favorite and highly recommended books: "Getting Things Done" by David Allen and "Happy Money: The Science of Happier Spending". Resources: · Think Multifamily · The 4-Hour Work Week · Getting Things Done" by David Allen · "Happy Money: The Science of Happier Spending" · Robert Kiyosaki Connect with Duc Ong! · YouTube https://www.youtube.com/channel/UCy6jjNXZbkUnfLMb5pZT_xg · Facebook https://www.facebook.com/tricityequity/
Welcome back investors! In this episode, Mark and Brent go from A to Z on an actual deal in Memphis, TN. We’re talking purchase price, earnest money, due diligence, rehab budget, property management and equity raised… and you’re invited to take a bird’s-eye-view on it all. Find out how investors were able to receive 100% of their capital back within 2 years...and still own a cash flowing property. That’s the dream! THIS EPISODE’S GUEST: Mark Kenney Think Multifamily Brent Kawakami Think Multifamily brent@thinkmultifamily.com
Hey investors! Are you ready for a rare opportunity to study one of our very own deals? Today, Mark and Brent are breaking down an actual multifamily deal owned by Think Multifamily. We’ll go thru everything from how this this out-of-state property was located...to ANALYZING, PURCHASING, REHABBING and executing the business plan. It’s a behind the curtain look into REAL deal you don’t want to miss. THIS EPISODE’S GUEST: Mark Kenney Think Multifamily Brent Kawakami Think Multifamily brent@thinkmultifamily.com
With the current economic environment, great opportunities will continue to present themselves. But ONLY for those who are prepared. Will you know what to do when you find that good deal? On today's episode, Mark and Brent discuss: How to submit winning offers on a multifamily property. What steps should you be taking to give yourself the best chance for an accepted offer? How do you make sure you don't end up backing out later and ruining your reputation with the broker and the seller? Well... doing the homework will help. Listen in now. THIS EPISODE’S GUEST: Mark Kenney Think Multifamily Brent Kawakami Think Multifamily brent@thinkmultifamily.com
Welcome back investors. It’s the middle of 2020 and boy, we live in interesting times. With the Coronavirus Pandemic a few months in, the landscape of Multifamily Apartments is definitely different that it was at the beginning of the year. On this episode, CEO and Co-Founder Mark Kenney talks about what he sees in the current market. How have multifamily assets remained resilient during this time and navigated the choppy waters? Why is he actively looking to buy new deals? And what’s the future hold for multifamily? THIS EPISODE’S GUEST: Mark Kenney Think Multifamily Brent Kawakami Think Multifamily brent@thinkmultifamily.com
Today, Brent Kawakami, takes us on his journey from Passive Investor to Successful Syndicator, Engineer to quitting his 9-5 to do Multifamily Investing full time. As Brent reflects on his first 100+ unit acquisition to where he is now, he discloses some of the biggest lessons learned to help others get ahead in Multifamily and start living the life they always wanted.
Brent has been investing in multifamily since 2015 and has been invested in over 500 multifamily units in Texas, Georgia, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single family houses in the Dallas, TX area. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas. He has worked as a consulting engineer in the power/energy industry leading numerous multi-million dollar projects and has been responsible for the development of over $1B in construction projects.
Brent is currently invested in 450 multifamily units in Texas, Georgia, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single-family houses in the Dallas, TX area but eventually sold these properties to move into multifamily. He is a protégé of Mark and Tamiel Kenney of Think Multifamily, owners of ~4000 multifamily units across cities like Dallas, Atlanta, and Memphis. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas.On this episode you’ll learn:-Brent’s Bio-How Brent got started in Real Estate Investing-Brent’s first deal (Single Family Home)-Transitioning into MF Investments-Mindset of a Real Estate InvestorContact Info:Brent’s Website: https://www.hellomultifamily.com/Brent’s Facebook: https://www.facebook.com/brentkawakami
Brent Kawakami from Think Multi Family shares his Journey from Single Family Houses to Large Apartment Syndication.
Brent Kawakami is a Hawaii native who is currently invested in 450 multifamily units in Texas, Georgia, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single-family houses in the Dallas, TX area but eventually sold these properties to move into multifamily. He is a protégé of Mark and Tamiel Kenney of Think Multifamily, owners of 4000+ multifamily units across the country. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas.Connect with Brentbrent@hellomultifamily.comwww.thinkmultifamily.comFor today’s show, including audio and links to all the resources mentioned, visit www.limitless-estates.com/podcasts. For today’s video feed, visit our YouTube channel.To get access to our free Passive Investors Guide and monthly newsletters sign up at www.limitless-estates.comSchedule a free call with Kyle or Lalita hereTo find out more about partnering or investing in a multifamily deal email info@limitless-estates.com.Local to Southern California? Attend our monthly meetup focused on Out of State Apartment investing. View our schedule at https://www.limitless-estates.com/events/meetupsJoin our Facebook Group - Passive Income through Multifamily Real EstateHave a question you would like answered on the show? Email us at info@limitless-estates.com.
Brent Kawakami joins us this week to share his story of how he grew his investment business exponentially over the last few years. After starting with a couple single family homes, Brent decided that investing in multifamily properties was the best way to scale his business. He has now invested passively in one syndication and has sponsored his own large multifamily syndication (along with another one under contract). We talk about why the team aspect of investing has allowed him to be so successful. Brent is part of the Think Multifamily group and does a great job of explaining why he decided to partner up with them. We go through the many ways that being part of a team like this can help you, including finding deals, funding deals, double checking due diligence and so much more.
In our last episode of 2018 we speak with Brent Kawakami. Brent is a full time engineer who is based out of the Dallas/Fort Worth Area. Brent started small with single family homes and was soon successful. However, he was managing these properties himself and soon wanted to move into larger multifamily properties because he saw the potential to make more money with less headache. Brent quickly educated himself, became a passive investor and then finally closed on his own deal with the help of some key partners. He talks about why he went down this path and why it actually might make more sense to be a passive investor. If you're looking to get into apartments this show is for you!
With Thanksgiving approaching this week, it’s a great time to reflect and think about what you are thankful for. Gratitude and being thankful are important qualities in one’s life. I say qualities, but for me I try to make them more of a habit by writing down one simple thing or person I’m thankful for everyday. Doing this, puts everything in perspective in the present. In that moment of gratitude, you’re not looking towards the future. You’re not focusing on your goals. You are simply looking around you and noticing all the great things in your life. This practice will help ground you and show you that you have so much to be thankful for right now, from material things to people and relationships. Speaking of people and relationships, another thing that’s been on my mind recently is how much you can learn from others. Every single person you meet in this life knows something you don’t. Keep that in mind as you meet new people, catch up with old friends, or the next time you see that friend, spouse, family member, or coworker. Everyone knows something you don’t. You can learn something new just by talking with people. That’s really the entire premise of this podcast. From ultra-successful and experienced real estate investors like Brian Burke, Vinney Chopra, Keith Wienhold, Joe Fairless, Ivan Barrat, Andrew Campbell, Reed Goossens,and Rod Kleif (just to name a few), to up and coming young-guns like Christian Montalvo, Lane Kawaoka, Brent Kawakami, and David Pere, each and every one of these people have something they can share and teach almost anyone. It’s been a pleasure and great experience getting to bring these people on the podcast, and share their journeys, experiences, and stories with you. I’m sure you’ve taken away a lot of awesome stuff from each one of these people, as I know I have. But beyond these awesome go-getters, there is something to be learned from everyone. If you simply tried to take away one little nugget of information from every person you speak to,then imagine the wealth of knowledge you’ll accumulate over the long term. Here are just a few takeaways and reflections of just a few of the many great guests we’ve had on the podcast. Smile, be happy, and treat others well. This is the mantra of Vinney “Mr. Smiles” Chopra. Vinney has a true rags to riches story, coming to the U.S. from India as a young man with only $7 in his pocket. He started out selling bibles door to door. Vinney became an engineer, then transitioned into multifamily syndication where he has experienced enormous success, completing over 26 successful syndications over the recent years. Vinney credits much of his success to the people he surrounds himself with. If you’ve heard either of Vinney’s episodes on the podcast, you know that he is a very pleasant and positive person. The scarcity mentality is abundant, and the abundance mentality is scarce. Keith Weinhold, host of Get Rich Education, practices and preaches the abundance mentality. Keith values his return on time invested, just as much as his return on money. He shows you how you too can achieve financial freedom through real estate investing while building a lifestyle by design. Build it and they will come. This has been Joe Fairless’ strategy for building his $400,0000,000 real estate empire in his 30’s. Joe has built a brand, which he famously calls The Best Ever, consisting of the longest running daily real estate podcast, a blog, videos, books, events, and masterminds. Joe is a proponent for finding a mentor and learning from them. He has taught and mentored hundreds of real estate investors to do what he does – buy apartments. Joe condenses his experiences into three principals, which he calls his 3 Immutable Laws of Real Estate: Buy for cash flow, not appreciation Secure long term debt Have adequate cash reserves Building a
Brent Kawakami – Millennial, Engineer, Apartment Syndicator Brent is currently invested in 450 multifamily units in Texas, Georgia, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single-family houses in the Dallas, TX area but eventually sold these properties to move into multifamily. He is a protégé of Mark and Tamiel Kenney of Think Multifamily, owners of ~3000 multifamily units across cities like Dallas, Atlanta, and Memphis. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas. Key Points From engineer to apartment syndicator Engineering a life you want The importance of having a mentor Evaluating your strengths and weaknesses Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Lack of experience. Brent looked to people doing what he wanted, and learned from them. Do you have a personal habit that contributes to your success? Brent focuses on The Power 5 every day, which he writes in his notebook Do you have an online resource that you find valuable? BiggerPockets Podcasts! What book would you recommend to the listeners and why? https://amzn.to/2xObfT0 (Getting Things Done) by David Allen If you were to give advice to your 20 year old self to get started in real estate investing, what would it be? Start earlier – jump into real estate quicker! Resources https://cls.vids.io/videos/7c9ad0bd121dedc2f4/real-estate-investor (Commercial Loan Success ) https://www.biggerpockets.com/users/brentk#0 (Brent’s BiggerPockets profile) Contact Brent at Brent@hellomultifamily.com Visit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trail and free audio book download!
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________1) How much CF are you making today and how are you doing it? Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month. So as I started investigating other investment activities I dabbled in:P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset. Dividend stocks - Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.Gold/silver - I got caught up by the Gold bug rhetoric of “the dollar not backed by anything" “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit. Infinite banking (which i’m all in on still) - You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment. Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places. (So now you are in the stage where you are doing all the hard work before the success... lets go through this list of things that you are doing... this add value to the listener and maybe we can have a discussion about best practices - Just think in the future when a future investor listens to all the shit you did to get into this)1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)2) Regularly Contacting brokers/Signing up for lists 3) Evaluating deals4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker's office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).5) Making regular LoopNet rounds6) Going on property tours7) Networking on BiggerPockets/LinkedIn/Facebook, etc8) Going to Meetups, events, and conferences9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment). My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He's an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol. 2) What is your Han Solo moment…I had two.1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)2- Shift from single family to multifamily. My a-ha moment mentioned before. 3) Worst life/business moment what did you do a er? Lesson learned?I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later. Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others. 4) Current 2‐week experiment and 6‐month project? (90‐180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing. 5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed rou ne, and what projects you are working on.6) Something that you have recently or thought about “burning your cash” on for me savings or an improvement in quality of life.Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.There’s a good book on this topic called Happy Money I recommend. 7) Something that you changed your mind on? Our ego o en gets in the way of greatness.2 Things:1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons...yada yada yada. I’m not full Grant Cardone though. 8) In this sellers market... what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets. Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.brent@hellomultifamily.com See acast.com/privacy for privacy and opt-out information.
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ 1) How much CF are you making today and how are you doing it? Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month. So as I started investigating other investment activities I dabbled in: P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While y