Podcast appearances and mentions of chad doty

Speaker - Leslie Rowe, Chad Doty and Laurence Glenesk

Chad Doty has 12 years of experience as a multifamily investor, but he wasn’t born with realestate in his blood. Originally, Chad was a management consultant for Arthur Andersen. Watching that company meltdown prior to him making partner made him realize that letting outside circumstances control his life wasn’t for him. So Chad then founded his own consulting company, only to realize he was simply trading time for money. Determined to control his own destiny, Chad decided to leverage commercial multifamily real estate to develop recurring, passive income. He formed 37th Parallel Properties, a private real estate acquisitions and asset management firm.   Podcast Highlights Who is Chad Doty? Chad was very driven as a kid, mainly due to his military father. He had aspirations to get into the Navy but because of a variety of reasons he wasn’t able to join. He decided to go into school and try to find something that he was really going to enjoy, he ended up becoming a network engineer and being very disappointed. He went back to school to get his MBA, found himself working for Anderson as a consultant and moving up through the ranks there. When you can answer the question of who you are a hero to, you will be playing an entirely different game from everyone else. Based on his DISC profile, Chad is a defined D and that heavily determines how he works and how he interacts with people on his team. What was it like to make such a drastic change? Chad didn’t really get the entrepreneurial bug until his mid 30’s. Most people can imagine what their perfect day looks like, but most people can’t imagine what a perfect month looks like. When Chad’s wife became pregnant that lit a fire underneath to make sure that when his child was born that he wouldn’t be an absent father. He was in the position to shift to his own client base and consultancy and in the following months made the move. When you go to do something different, a very powerful question you should ask yourself is “what is the worst that is going to happen?” You are 100% responsible for the results in your life, at least in how you respond to the events that occur. The Right Business Real estate wasn’t the first business that Chad attempted to get off the ground, he initially thought he didn’t like it. He started trading the market but felt that there were better ways to use the same engine and real estate fits the bill. People are always going to want a roof over their head so it passes the evergreen test. You can determine all things the affect you as an owner and if you focus on the fundamentals you can find success in real estate. Multifamily is going to be here for the foreseeable future, demographics basically ensure it’s a solid investment. What kind of market do you operate in? Chad uses a concept called your MAC profile, it stands for Market, Approach, and Capability. There are a million ways to make money in real estate but for Chad, he knew the approach they wanted to go with being long term holders of cash producing assets. They will hold the asset for as long as it performs at or above the market and the market hasn’t changed. When you get into real estate, you have to think about what kind of investor you want to be. The market has to match the approach and capability you bring to the table. People don’t pick properties to live at, they pick where the best part of town they can live based on job, school, and entertainment. There is no secret market for Chad, the markets they operate in just have the fundamentals that make them attractive. Syndication Chad hears two things that he refers to as real estate mythology. The first one is that a building can be a deal at som

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets?Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units!Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits.Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now!In This Episode We Cover:How Chad got into multifamilyWhat evergreen isTwo real estate mythsWhat comes first: deal or moneyThe market he invests in and whyHis success metricsThe four components of any successful businessRaising money to fund an apartment buildingIncrease rent vs. decrease expensesWhat does his team look like managing thousands of propertiesRules of thumb for communicating with property managementHis thoughts on the future of today’s marketAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarReal Estate GlossaryGrant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast)BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast)BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast)Books Mentioned in this ShowThe Speed of Trust by Stephen CoveyThe Millionaire Real Estate Investor by Gary KellerThe Goal by Eliyahu M. GoldrattTweetable Topics:“Money flows to competency not to good deals.” (Tweet This!)“Capital formation is the ultimate entrepreneurial skill.” (Tweet This!)“If emotions are going to be out there, use it to your benefit.” (Tweet This!)“Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!)“Hospitals are 24-hour blue collar job factories.” (Tweet This!)Connect with ChadChad’s Personal WebsiteFree Report for Evidenced Based Investing

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets? Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units! Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits. Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now! Click here to listen on BiggerPockets.

Chad Doty is a managing partner and CEO of 37th Parallel Properties a Richmond, VA-based multifamily acquisitions and asset management firm he co-founded in 2008. With 12 years of multifamily real estate investing experience combined with 10 years of management consulting experience and $450 million in real estate transactions, Chad is a proven multifamily veteran. He currently oversees strategic partnerships, capital development, and platform development for 37th Parallel and its affiliated companies. Originally from Kansas City, Chad now resides in Richmond, Virginia with his wife of 22 years and their son. In today’s episode, we dive into a lot about operations management in starting and running a super successful business. We will talk about how to set up systems to automate and scale your business, how to be more methodical about your business and growth, and why you need to figure out who you are best at being a “hero” to. !! Get entered to win a $50 Amazon gift card by signing up to our Email Newsletter at www.evanholladay.com !! Books Recommended by Chad: The Goal : https://amzn.to/2T9giH4 Atomic Habits : https://amzn.to/2FXeltw The E-Myth : https://amzn.to/2Dv3PIF Connect with Chad: Chad's website: www.37parallel.com/ Chad on LinkedIn: www.linkedin.com/company-beta/502599/ Chad on Facebook: www.facebook.com/37Parallel/ Leave a review for Monumental on iTunes: www.bit.ly/eholladay Intro/Outro Music by The Pass: SoundCloud: www.soundcloud.com/the-pass/tracks sonaBLAST! Records: www.sonablast.com/ Subscribe to the podcast and emails from Evan: www.evanholladay.com Follow Evan on Instagram: www.instagram.com/evanholladay Follow Evan on Facebook: www.facebook.com/EvanHolladay Follow Evan on Twitter: www.twitter.com/EvanHolladay Contact Evan: www.evanholladay.com

In this episode of The Real Estate Investing for Cash Flow Podcast, Kevin chats with Chad Doty. Chad is a former management consultant of over 12 years, and now the CEO of 37th Parallel Properties; a firm specializing in investing in multifamily properties across the country. After a decade-long career of high-stress and zero freedom in the consulting world, Chad finally put his foot down and decided that Real Estate was going to be his way out. In a relatively short amount of time, 37th Parallel has amassed $325 Million in assets under management. HIGHLIGHTS: [5:33] What is Chad’s Background? [11:38] What was Chad’s first large syndication deal like? [18:09] How did Chad get over the hurdle of long-distance investing? [35:30] How did Chad go about staffing his company? [45:32] Chad’s final closing thoughts Job Opportunities with my Team: Click Here Recommended Resources: Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here Visit 37th Parallel Properties’ Website The Goal by Eliyahu M. Goldratt

We are so excited to have had the opportunity to Interview Chad Doty, CEO of 37 Parallel. Chad has been in the game for a long time and cuts through much of the clutter surrounding commercial multifamily investing. The title of this episode seems complex, but Chad breaks it down nicely. If you want to be a more educated investor, THIS is the episode for you. In this episode, you'll learn... - The various structures of Commercial Multifamily Investing - What Cost Segregation means - How the SEC views certain deals - What Fannie May and Freddie Mac are buying and not buying - Why smaller multifamily units struggle to get good appraisals. - And much more! We cover a LOT of ground in this episode...this one WILL make you smarter! Evidence-Based Investing- 37Parallel.com/EBI View Episode Transcript- https://hrre.egnyte.com/dl/p57bdcmjYV   

Chad A. Doty, is a managing partner and CEO of 37th Parallel Properties Investment Group, LLC ("37th Parallel") a Richmond, VA-based multifamily acquisitions and asset management firm he co-founded in 2008. With 12 years of multifamily real estate investing experience combined with 10 years of management consulting experience and close to $300 million in real estate transactions, Mr. Doty is a proven multifamily veteran. He currently oversees strategic partnerships, capital development, and platform development for 37th Parallel and its affiliated companies. Originally from Kansas City, Chad now resides in Richmond, Virginia with his wife of 22 years and their son. Topics discussed: Cashflow Single Family Investing Multi-Family Investing Connect With Chad https://37parallel.com/creative https://37parallel.com/ https://www.facebook.com/37Parallel/ https://www.linkedin.com/company-beta/502599/ To connect with Adam Adams, please book here : (https://Calendly.com/AdamAdams/call) For more information, visit us at (https://RealBlueSpruce.com) For information about Adam's Mastermind, visit (https://RealBlueSpruce.com/boardroom) If you couldn't make it to the Raising Money Summit, order the recording here:(www.raisingmoneysummit.com/recordings-order-from) For tickets to the Raising Money Summit 2020 (https://2020.raisingmoneysummit.com) For information about Adam's coaching: (https://www.raisingmoneysecrets.com/rms26858220) Follow Adam on social media at (https://www.facebook.com/aaainvests/) (https://www.linkedin.com/in/adam-adams-b8a0b6177/) And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (https://podcasts.apple.com/us/podcast/creative-real-estate-podcast/id1285094279)

Chad Doty with 37th Parallel talks with us about the importance of a team when scaling, finding out what you are best at and finding a market that fits and having discipline in what you buy. 37th Parallel Properties provides acquisition and asset management services for clients who want access to stable income-producing apartment investments in some of the most demographically attractive markets available. They have a very efficient tax structure built into the passive real estate investing platform with a strong income and equity growth history across their multifamily portfolio. Book recommended: "The Goal" by Eliyahu Goldratt You can connect with Chad at 37parallel.com/ebi 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. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ

Chad Doty has 12 years of experience as a multifamily investor, but he wasn’t born with real estate in his blood. Originally, Chad was a management consultant for Arthur Andersen. Watching that company meltdown prior to him making partner made him realize that letting outside circumstances control his life wasn’t for him.   So Chad then founded his own consulting company, only to realize he was simply trading time for money. Determined to control his own destiny, Chad decided to leverage commercial multifamily real estate to develop recurring, passive income. He formed 37th Parallel Properties, a private real estate acquisitions and asset management rm. As the CEO of 37th Parallel Properties, Chad specializes in syndicating multifamily investments. His offerings allow investors access and opportunities to generate stable streams of tax-advantaged passive income and equity growth without needing to manage the property themselves.   Through this approach, Chad helps investors get access to tax-advantaged apartment investments that can produce income and equity growth that have historically retained their value through economic downturns and nationally cycles. Chad is a proven multifamily veteran with over 12 years of investing experience, another 10 years of management consulting experience, and $325 million dollars in real estate transactions.   On today’s episode, we talk with Chad about his story of growing up with his family and how working with his father taught him the importance of work ethic at an early age. Chad’s father gave him the book Think & Grow Rich at the age of 18 and Chad started to listening to inspiring and motivational speakers including Les Brown. Chad knew he wasn’t an entrepreneur but he did have a desire to learn and improve his life for himself and his family.   Chad talks about how he had a burning desire for more freedom and control after working in corporate after college. You’ll learn what inspired Chad to get into real estate and the purpose behind choosing multifamily as a the primary asset class for his investing.   We also talk about advice for any professionals who are currently investing in their 401K and what might be a good mix for investing to achieve financial freedom for you and your family. Chad shares with us the number # 1 reason his primary focus is multifamily (earning twice the money with half the time).   We breakdown the the biggest difference between investing in residential vs. commercial real estate properties and how Chad’s biggest failure set up him up for success. Lastly, we wrap up the episode discussing the benefits of investing in multifamily apartment buildings and how to handle downturns in the real estate investment market.   Key Points From This Episode: The story about Chad’s wife telling him she was pregnant with their son switched his mindset to focus on gaining more time, freedom, money, control and be there for his son Chad shares he didn’t grow up in real estate but rather picked it as a business analyst. He found that it had the best features that he wanted to build a wealth and get scale from people and time. After doing further research on real estate investing, he decided that multifamily was best real estate asset class. Amazing advice for any professionals who are currently investing in their 401K and how they should go about investing How you can decide what is a good mix when starting out in investing or should you focus on what investments are given to you as a default Chad shares how his failures as an entrepreneur later set him up for success The differences between residential vs. commercial real estate investing (trends, markets, etc.) The # 2 life-changing things Chad implemented to improved his business (the theory of constraint and shifting your business to scale from how and what vs. why and who Breakdown of

If you ask Chad, the answer to the proposed question in the title, is to buy B class multifamily properties built between 1982 - early 2000’s. We’ll hear a better explanation and reasons why he believes this is the best way to invest in real estate with the least amount of risk. We also hear some difficult deals he’s had and how he was able to work through it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “Every single deal we carry has a 6 month mortgage reserve and we raise the capital improvement stack for the first 5 years” - Chad Doty   Chad Doty Real Estate Background: CEO of 37th Parallel Properties Investment Group 12 years of multifamily real estate investing experience & 10 years of management consulting experience Close to $300 million in real estate transactions Based in Richmond, VA Say hi to him at Best Ever Book: The Goal Get more real estate investing tips every week by subscribing for our newsletter at   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with . Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to to get started today!

Here is some of what you will learn: Understand Legacy CompaniesHow to identify Strengths and WeaknessesHow to put your team togetherWhat top look for in a real estate assetUnderstanding the Rent to Amenity matchWhy Workforce Housing is the preferred assetWhen to bring your property management company into a dealHow to vet potential partnersWhy investment companies failDeveloping a MAC profileUnderstanding the value formulaUnderstanding your leadership styleWhat to focus on your first 90 days in real estate investingHow to stress test for a market downturnThe main difference between a small deal and a big deal To find out more about our guest, please visit: http://37parallel.com Join us at a Multifamily Bootcamp, visit: http://MultifamilyBootcamp.com 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://www.meetme.so/RodKhleif2 Review and Subscribe acquisitions, Chad Doty, 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

Abhi and Chad Doty pick up the microphone and discuss creating passive income with minimal risk thanks to a formulaic and evidence-based approach to finding the best property investment opportunities. Learn more about Evidence Based Investing and get a free report at 37parallel.com/thinkrealty.