Podcast appearances and mentions of dave lindahl

Krisha Young & Kim Lisa Taylor talk with Jeannie Orlowski, a long-time coach at RE Mentor, a renowned multi-family real estate training company. The discussion focuses on effective strategies for raising capital for real estate investments, key financial metrics investors look for, and common questions about capital raising. Jeannie shares her extensive experience working with Dave Lindahl and RE Mentor, emphasizing the importance of thorough preparation, honest communication, and an entrepreneurial mindset when raising capital. Key topics include preferred returns, average annual returns, capital calls, opportunity zones, partnering with sponsors, and investor communication strategies. Introduction and Background (00:02:41)  Introduction of the podcast hosts, Krisha Young and Kim Lisa Taylor, and their guest, Jeannie Orlowski, a long-time coach at RE Mentor. Jeannie shares her background and how she started working with Dave Lindahl, the founder of RE Mentor, initially as a real estate agent and notary public. Effective Capital Raising Strategies (00:18:30) Jeannie emphasizes the importance of thoroughly understanding and being able to explain every aspect of a property investment opportunity to potential investors. She stresses the need for complete transparency, honesty, and open communication throughout the capital raising process. Jeannie shares an anecdote about refusing to accept an investor's wire transfer until receiving all required documentation, highlighting the significance of following proper procedures. Key Financial Metrics for Investors (00:36:19)The discussion covers the key financial metrics that real estate investors look for when evaluating investment opportunities. Jeannie explains that investors are primarily interested in the projected end date of the investment and the expected returns, including preferred returns and overall average annual returns. She suggests aiming for mid to high teens in terms of average annual returns to attract investors successfully.Common Questions and Challenges (00:54:06)The group addresses common questions and challenges faced by those raising capital for real estate investments. Topics include capital calls, opportunity zones, partnering with sponsors, and the importance of clear and consistent communication with investors. Jeannie and Kim provide insights and recommendations based on their extensive experience in the industry. Investor Communication and Transparency (01:03:04)The discussion emphasizes the importance of maintaining open and transparent communication with investors throughout the investment process. Jeannie and Kim stress the need to disclose any issues or challenges promptly and provide regular updates to investors. They also highlight the value of personal communication, such as phone calls and in-person meetings, in building trust and resolving potential conflicts. RE Mentor Events and Resources (01:05:11)The video promotes various RE Mentor events and resources, including the Private Money Bootcamp, Multifamily Millions, Immersion Training, and the Ultimate Partnering Event. These events are designed to provide in-depth training, networking opportunities, and access to industry experts for those interested in multi-family real estate investing and capital raising. 

Rich sits down with the Justin Brennan - General Contractor, Real Estate Broker, and CEO of The Brennan Pohle Group. Through this group, Justin is focused in the acquisition and development of apartments throughout the United States. With over 500+ units and $110M in assets under ownership, Justin and the team are growing towards 10,000+ units and $4B in assets in the next several years.Rich and Justin start off by discussing surfing and skating, kitesurfing, the differences between mobile home parks and multi-family properties, Warren Buffett, the types of properties Justin owns, Walmart, the most optimal states to buy in, Dave Lindahl, and Justin's first and biggest multi-family deals.They then reflect on upscaling business, current interest rates in the market, re-financing, Grant Cardone, what it takes to get a deal to the finish line, successful operating techniques, managing managers, Justin's current opportunity fund, and stacking new equity. Lastly, Rich and Justin talk about rising cap rates, Justin's market forecast, Tyler Deveraux, Rich's morning and daily routines, habit stacking, putting out fires as an entrepreneur, pushing themselves out of their comfort zones, the difference between doers and dreamers, risk tolerance, Rich's biggest fear, and the decrease in life expectancy of men.Connect with Justin on Instagram: @justin.c.brennan--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

Dave Lindahl has been investing in multi family/commercial properties since 1996. He started buying three family properties in the blue collar city of Brockton, MA. After accumulating forty plus properties in three years he learned about Emerging Real Estate markets and started to move his equity to Montgomery Alabama. Since then he has gone on to create a portfolio of over 9,000 units in eighteen different markets across the United States. He is a principle owner in the Lindahl Group , a commercial real estate Investment company that focuses on Multi Family, Office and Hotels. Dave has written the two number one best selling books on multi family investing; Multi Family Millions and Emerging Real Estate Markets. Dave lives in Boston with his growing family of three kids Key Takeaways to Listen for David Lindahl's Expertise: He's a seasoned real estate investor since 1996, specializing in multi-family properties, with a portfolio of over 9,000 units across 18 U.S. markets. Significant Capital Raised: Lindahl has successfully raised over $250 million for various real estate deals. Author and Educator: He's a published author and educator in real estate investment, contributing to the field through his writing and teaching. Focus on Emerging Markets: Lindahl emphasizes the importance of identifying and investing in emerging real estate markets. Networking and Capital Raising: He highlights the critical role of networking in raising capital and expanding investment opportunities.   About Tim Mai Tim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares.  He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.     Connect with Tim Website: Capital Raising Party Facebook: Tim Mai | Capital Raising Nation  Instagram: @timmaicom Twitter: @timmai Linkedin: Tim Mai YouTube: Tim Mai     Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.     Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr   The Naked Truth About Real Estate Investing on Spotify

“And if they can do it, you can do it too.”Dave Lindahl is a former musician who transformed himself into a real estate magnate. From starting with a lawnmower to owning over 9,000 multi-family units across 29 markets, his story is a testament to his resilience and strategic thinking.Discover Dave's insights into market cycles, his approach to identifying emerging markets, and his transition from a local entrepreneur to a thought leader in the real estate industry. Learn how he leverages tenants' rent payments and shares his knowledge through podcasts, speaking engagements, and educational courses.Expert action steps: You've got to have a goal. If you have a goal, you've got to ask yourself “how do I get them?”, “Why not me?”, "How do I get there?”. You've got to be comfortable being uncomfortable. Take action. Get a mentor.To find out more about Dave's journey and upcoming events, visit re-mentor.com and ultimatepartnering.com.Visit eCircleAcademy.com and book a success call with Nicky to take your practice to the next level.

Welcome to Syndication Made Easy with Vinney Chopra! GUESS WHO WE ARE HAVING ON OUR SHOW... On our new Episode of Syndication Made Easy and I am super excited to have Dave Lindahl. Becoming a Multi-Millionaire In Five Years Or Less... with more than 18 years of experience in Real Estate Investing. David Lindahl has rehabbed over 820 houses, and currently controls over 7,400 apartment units. Starting out as a struggling landscaper with no experience in construction, Dave accepted an opportunity to renovate a foreclosed house for a local bank during the wintertime when there was no landscaping to do in Boston. 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/invest/ 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/ ------------------------------------------------

Listen as Dave discusses how he transitioned from a Landscaper to owning over 8,200 units and the lessons he learned along the way. Book Giveaway - Davetoday.com An amazing conversation that got into one of my favorite subjects - Great books. Here are the books Dave mentioned throughout the conversation. Books Mentioned - Multi-family Millions - David Lindahl Good to Great - Jim Collins Awaken the Giant Within - Anthony Robbins The Magic of Thinking Big - David Schwartz Raise the Bar - Brian Marcel Lead the Field - Earl Nightingale Think and Grow Rich - Napoleon Hill Becoming Supernatural - Joe Dispenza The Science of Getting Rich - Wallace Wattles Ask and it is given - Esther and Jerry Hicks The mountain is you - Brianna Wiest Body for Life - Bill Phillips Starting out as a broke landscaper in 1996, Dave Lindahl's goal was to simply create a better life for him and his family. That year he bought his first property, a three family building with no money out of his pocket…he had none. Since then he has gone on to create a portfolio of over 9,000 units in eighteen different markets across the United States. He is the principle owner of The Lindahl Group, an Emerging Markets commercial real estate Investment company.

If you really want to scale, you need to be the operator who can handle it before it arrives! Dave Lindahl, the author of Multifamily Millions and Emerging Real Estate Markets, is the Founder and CEO of RE Mentor™. Starting with very little money and a desire to change his and his family's lives for the better, Dave began his real estate investing journey. Fast forward almost twenty years and Dave has bought and sold over 8,200 real estate units from foreclosures, short sales, wholesale deals, lease options, and rehabs with single-family, multi-family, and commercial properties! In an effort to help anyone who has an interest in changing their lives through real estate, Dave created RE Mentor™. Today, it is recognized worldwide as one of the leaders in real estate investing education. What a treat today folks, a true leader in the space and personal mentor of mine. Let's dive in and learn more about Getting to know David Lindahl - [00:01 – 03:44] I introduce David Lindahl to the show Bio  David shares a bit of his background His early motivation to get into business  Buying his first property, no money down  From David's first deal to getting 40  Learning to tap into emerging markets Scaling up to over 9,000 units Tapping into Emerging Real Estate Markets - [03:45 – 12:40] David's tips on how he learned about emerging markets Following job growth and household formations  Communicating with the chamber of commerce What is attracting people?  How strong is the leadership?  Go downstream, don't travel against the current  Move with the markets  The biggest takeaways from David's experience scaling as an operator  Build your infrastructure ahead of yourself Assume business success from the beginning  Change the infrastructure as you scale  Get a good accountant Grab your ticket to the MFIN Summit at mfinsummit.com Use promo code QUATTRO How to Upscale Your Skills as an Operator - [12:42 – 19:31] David talks about his biggest lessons as an operator Prepare to fire the management company the day you hire  Build up your real estate gut  David's insights on the future of the rental housing market  A major correction will most likely come soon The markets will equalize again  Be aware of GenZ coming into the market  Continue to follow the market cycles  The Quattro Trio - [19:32 - 24:35] What is your superpower? The ability to look 3 to 5 steps ahead  What was your biggest failure? Buying a 400 unit in Alabama  Having to pay off investors after 6 years  How do you give back?  Summer Camp for the Handicapped What you can get out of the RE Mentor Event Final words   Tweetable Quotes: “I started following job growth and I started following household formation. Those are the two big things that move markets.” - David Lindahl “You need to build your infrastructure ahead of yourself… The businesses that are the most successful are the ones who set up their business systems and assume success at the beginning.” - David Lindahl Resources Mentioned:  Multifamily Millions Emerging Real Estate Markets RE Mentor Events   Want to connect with David? You can follow him on LinkedIn and Twitter. Go check out rementor.com - the best in real estate education. Have you heard about the Multifamily Investor Nation Summit, coming up on January 20th?  If you've never been, it's a three-day information-packed event for multifamily investors, with over 1,000 attendees and over 50 speakers!  Not only will hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more...But this year our partners here at Quattro Capital are excited to be participating with three speakers at the event. Our amazing Kim Wendland will be speaking on the often neglected subject of asset management, how to make the machine hum, while our most-interesting-man-in-real-estate Maurice Philogene will be speaking on how to leave your corporate job for a freedom lifestyle. I personally will even be speaking on the topic of how to perform due diligence on multifamily assets before you purchase them and the not-so-common things to watch out for. Go to mfinsummit.com to grab your ticket and use promo code QUATTRO to get $100 off of your full access pass!  Whether you are new to multifamily investing or a seasoned investor, you do not want to miss this event. Join Team Quattro at the Multifamily Investor Nation Summit.  Visit mfinsummit.com promo code QUATTRO... That's mfinsummit.com promo code QUATTRO.   Check out Syndication Pro and learn how you can raise more capital in less time! https://syndicationpro.com/account-setup?fpr=quattro Join the MFIN Summit and use our promo code: QUATTRO LEAVE A 5 STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.    Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

Understanding the different stages of the real estate market cycles is key to identifying the right time to invest. We are joined today by the legendary Dave Lindahl as he analyzes different markets and gives tips to recognize the ones that will appreciate.WHAT YOU'LL LEARN FROM THIS EPISODEFour stages of real estate market cyclesHow covid affected different marketsWhat to look at when researching emerging marketsThe most important aspect of being a multifamily investorPiece of advice for someone considering multifamily investing Dave's picks for today's emerging marketsRESOURCES/LINKS MENTIONEDThe power of your subconscious mind by Joseph Murphy Ultimate Partnering 2021ABOUT DAVE LINDAHLDave Lindahl is the Founder and CEO of RE Mentor. Starting as a broke landscaper with very little money and a desire to change his and his family's lives for the better, Dave began his real estate investing journey. Fast forward almost twenty-five years and Dave has bought and sold over 9,000 real estate units mostly in multi-family and commercial properties.  In an effort to help anyone who has an interest in changing their lives through real estate, Dave created RE Mentor. Today, RE Mentor is recognized worldwide as one of the leaders in real estate investing education.CONNECT WITH DAVEWebsite: www.rementor.com

Listen as Dave discusses how he transitioned from a Landscaper to owning over 8,200 units and the lessons he learned along the way.   Book Giveaway - Davetoday.comAn amazing conversation that got into one of my favorite subjects - Great books.   Here are the books Dave mentioned throughout the conversation.   Books Mentioned - Multi-family Millions - David LindahlGood to Great - Jim CollinsAwaken the Giant Within - Anthony RobbinsThe Magic of Thinking Big - David SchwartzRaise the Bar - Brian Marcel Lead the Field - Earl NightingaleThink and Grow Rich - Napoleon HillBecoming Supernatural - Joe DispenzaThe Science of Getting Rich - Wallace WattlesAsk and it is given - Esther and Jerry HicksThe mountain is you - Brianna WiestBody for Life - Bill PhillipsStarting out as a broke landscaper in 1996, Dave Lindahl's goal was to simply create a better life for him and his family. That year he bought his first property, a three family building with no money out of his pocket…he had none.Since then he has gone on to create a portfolio of over 9,000 units in eighteen different markets across the United States.He is the principle owner of The Lindahl Group, an Emerging Markets commercial real estate Investment company.

Starting out as a broke landscaper in 1996, todays guest Dave Lindahl's goal was to simply create a better life for him and his family. In David's first few years as an investor, David studied the markets closely and found creative ways to buy property with none of his own money. Since then he has gone on to create a portfolio of over 9,000 units, become a New York times Best Seller Author - twice, and is now know as the premier expert in the study of emerging markets sharing stages with the likes of Robert Kiyosaki and Tony Robbins. Key Points From This Episode: Being mindful of where you get advice How to become an expert without formal education The 2 indicators of market movement The lifecycle of markets The best markets to invest in for growth in 2021 How David became a 2x best selling author The effectiveness of micro repositioning David's morning routine as a Dad and Triathlete Links Mentioned in Today's Episode: https://rementor.com/ (David's Website) Recommended Book: Awaken the Giant Within by Tony Robbins http://beforethemillions.com/book (Listen to this book for free!) Lifestyle Design App: https://www.tiktok.com/login/ (TikTok)

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. In this episode, Todd talks with Dave Lindahl, author of Multi-Family Millions, about how he has made millions by investing in multifamily. Dave Lindahl is an accomplished real estate investor who has been involved in over 550 deals and controls over $240 million in real estate. Dave is the principle owner of the Lindahl Group and the Bostonian Investment Group, a real estate investment company that acquires properties in emerging markets across the nation. He operates RE Mentor (www.rementor.com), a publishing and seminar company that shows investors how to profit from all forms of real estate investing. Dave is considered as the Nation's Leading Expert in Buying and Selling Multi-Family Properties. Currently owning over 7,200 units around the US, David has been investing in Real Estate for the last 14 years. David regularly shares the same stage as Robert Kiyosaki, Tony Robbins and Donald Trump. He is the author of multiple books, including Multi-Family Millions, Emerging Real Estate Markets, and The Six-Figure Second Income. 3 Pillars 1. Multifamily 2. Cryptocurrency 3. Mindset Books: Built to Sell by John Warrillow, The Power of Your Subconscious Mind by Joseph Murphy Dave's books: Multi-Family Millions, Emerging Real Estate, Th Six-Figure, Trump University Real Estate Investing You can connect with Dave at https://bit.ly/3kxXVfz or www.rementor.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com 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: www.youtube.com/c/PillarsOfWealthCreation

Today, we have Seyla and Aileen Prak, co-founders of Bonainvest Capital, where they focus on helping others to achieve their time freedom through multifamily real estate investments. Together, they co-host the real estate podcast 'How Do They Do It Real Estate?' where they interview top experts in real estate industries to provide an expert resource for listeners to apply to their own real estate investing journey.Seyla has an extensive background in IT leadership management and implementation for multi-million dollar projects across 21 hospitals throughout the United States. And he got his Masters of Science in IT from LaSalle University. Aileen has experienced managing financial budgets for projects over $900 million and received her MBA from Northeastern University.This is such a great show - so down-to-earth and authentic! We had a great time talking with these two about how they got started and how they grew their business together as a unit and didn't sacrifice any time or balance to do it!You can find out more about Seyla & Aileen on their website at bonavestcapital.com. You can also reach out to them directly via email at Aileen@bonavestcapital.com!What book has had the biggest impact on you and why?

Welcome to Syndication Made Easy with #VinneyChopra!   GUESS WHO WE ARE HAVING ON OUR SHOW...   On our new Episode of Syndication Made Easy and I am super excited to have Dave Lindahl.   Becoming a Multi-Millionaire In Five Years Or Less...   With more than 18 years of experience in Real Estate Investing, David Lindahl has rehabbed over 820 houses, and currently controls over 7,400 apartment units. Starting out as a struggling landscaper with no experience in construction, Dave accepted an opportunity to renovate a foreclosed house for a local bank during the wintertime when there was no landscaping to do in Boston. 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   -----------------------------------------------------------------------------------------------------------------

Josh Plave is the founder of Wall to Main and a full-time multifamily investor. Investing with his family, they hold a portfolio of over 700 units across three markets. Josh's experience in retirement accounts began at 16, when he opened his first Roth IRA and began trading equities. Since then, after the unfortunate passing of his grandfather and mother, he was left with multiple Inherited IRAs. Through careful research and structuring, Josh has been able to further the legacy of prior generations and accelerate the growth of his family's capital. He considered many asset classes and settled on multifamily real estate investing. Book Recommendations: Multi Family Millions by Dave Lindahl, The Blue Ocean Strategy by W. Chan Kim and Renée A. Mauborgne Prayer Requests: Josh is moving his family across the county and he and his wife are expecting their first child! Connect with Josh: Website: www.walltomain.com, Connect with Lee: Website: threefoldrei.com, Email: info@threefoldrei.com, Phone: 937-400-3044

Welcome to the multifamily deal lab podcast with your host, David Lindahl. We dissect a deal before your eyes and ears. So you can discover the strategies and tactics that got each deal to the finish line strategies and tactics that you can put in yourown toolbox to get you to the closing table from sourcing the deal, raising due diligence to the property takeover. Multifamily deal lab shows how you too can get the deal done. This is Dave Lindahl. My special guest today is the one and only Graciela. How have you been You told us in that seminar, you had to go to Texas. I was thinking, Oh my goodness. We found yeah. The Bay area. And you told us exactly where to find deals. We went in the newspaper at that time at San Jose mercury news. And they, had an investor that owned property. He was in California owned property and in Texas and he was selling like about four or five, apartment complexes. And we, had him send us all the information we did exactly what you told us on that little sheet did along numbers and the numbers worked. And so we made an offer without seeing it. And I remember you told us, Oh, we were just reading the script. Really That's your book. It was perfect. And that, that moment there was no turning back. You know, we decided we had no choice, but to go forward and make this happen. And so at that time we, went ahead and moved the offer and I got on a plane. I told them broker exactly what you said. you need to meet me there, pick me up and take me out, see all these properties. And then he said, Alrighty. And he did. And Yeah. So you're flying there and you and you land and then what happens Well at that time, I couldn't get off the plane. I was really, really sick to my stomach. I was thinking to myself, what am I doing here I mean, come on multifamily as this, like, you don't even know Texas. You don't know nothing about the family, but I had my middle school At the time. I'm sorry. I don't mean to interrupt you. But at the time you were in elementary school teacher and your husband had been laid off from his, from his full time job. Well, he hadn't yet. He, in 2008, he got laid off. But, what made us our decision is my mom and dad remember they were on social security and that broke my heart. And that's why we made the decision to go into multifamily. And we were just doing real estate, in fact, single family. And we just wanted, and when I heard you, I was thinking, my God, it just made sense. You know, instead of having five roofs, you have one roof with five units, you know, and it totally made sense for us. So we, we got, I got there and I was really sick to my stomach. I was so sick all the way there, thinking what are we doing Or what am I doing And I wanted to go back and couldn't get off the plane. The stewardess said, you need to get off the plane. I said, I can't move. I'm going to throw up. I couldn't get sick. And she said, okay. So they helped me get off the plane. And I went straight to the bathroom and I was in there for about an hour and getting sick. And when I came out, all the lights were off in the, in the airport. My God, I'm going to get locked in here, like a Tom Hanks in the movie. So when I went down the escalator, that was just my luggage, just going around by itself. And there was one gentleman down there and it was the broker and he said, he must be going to SEL. And I said, yes, he goes, I thought you missed the plane. I said, no, I just, I got sick. And he said, Oh. And he said something that really was in line with what you say all the time. You've been listening to the multifamily deal lab podcast, where the deals get done. If you'd like to learn more visit www.Davesfreebook.com and don't forget to leave a five star rating and review and hit that subscribe button. So you don't miss an episode. Thanks for listening.

Join me and Vince as we chat with David Pere about his journey going from being in the military to successfully getting into real estate and eventually starting The Military Millionaire Podcast. David is an active-duty Marine who dived into the real estate business in 2015. From house-hacking a duplex with FHA loan, and buying a 10-unit apartment in Missouri while stationed in Hawaii, he has definitely come a long way! He made it his mission to teach personal finance and real estate investing to service members and the working class! From Military to Millionaire Just like most people who have gotten into the industry, David attributes the beginning of his real estate jump to the book “Rich Dad, Poor Dad”. In less than 3 months from reading it, he decided to house-hack a duplex and figured that it works, and that he wants to keep doing it. He realized that he prefers the buy-and-hold approach in investing because once the property is purchased, and you have a good team in place, you don't have to do very much with it, and it will grow over time. Since then, he had purchased several buy-and-hold investments and has started his own company.  To him, real estate investment is not that complicated and anyone who wants to try it, should just go for it and make that jump. However, he pointed out the importance of learning everything you can about the industry and setting your goals from the beginning. Getting into Podcasting David shares how his desire to document what he was doing was what got him to start on podcasting. He thought about starting a blog but couldn't think of anything else to talk about. And then, out of nowhere, The Military Millionaire Podcast was born with the goal of teaching service members and veterans how to build wealth through real estate investing, entrepreneurship and personal finance. About David Pere: ●     David is an active-duty Marine ●     David is a Command Financial Specialist (military finance advisor) ●     He is a buy-and-hold investor in residential, commercial, and multi-family real estate. Outline of the Episode: ●      [1:19] - David shares how the "Rich Dad, Poor Dad" book inspired him to start investing in real estate. ●     [2:49] - How's it like buying in this new COVID reality we're in? ●     [5:26] - When starting in real estate, you have to learn everything you can. ●     [8:05] - Why does David prefer the buy and hold strategy? ●     [9:28] - David recounts how he was able to acquire a 10-unit property through creative financing. ●     [13:30] - David talks about capital financing and the property he acquired in Missouri. ●     [16:31] - A lot of people get into real estate, but they don't set out with a goal in mind. ●     [19:39] - David gets into the most costly mistake he made. ●     [24:15] - Easy ways to tweak and save on expenses! ●     [29:39] - What are the benefits of having a podcast? ●     [31:56] - David shares how he got into podcasting. ●     [36:14] - The difference between LP and GP Resources: ●     From Military to Millionaire ○     Website ○     Podcast ○     Facebook Group ○     Youtube ●     "Rich Dad, Poor Dad" by Robert Kiyosaki" ●     "The Multi-family Millions" by Dave Lindahl ●     "How to Invest in Real Estate" by Brandon Turner & Joshua Dorkin               

Want to avoid mistakes in Long Distance Investing?  Download your FREE document at http://billykeels.com/7mistakestoavoid   Episode 27: From Full Time Working Mom To Building An Impressive R.E.I Portfolio   In the conversation with today’s guest, Anna Kelley, you’ll learn the following:   [00:50 - 03:34] Anna’s profile, in Billy Keels' guest introduction.  [03:34 - 08:12] Anna's story, from working at Bank of America to where she is now. [08:12 - 14:39] How Anna's success and previous experience at BoA helped in seeing the contrast between paper assets and real assets. [14:39 - 18:19] How to be an active investor at the same time as being a Limited Partner investing with others.. [18:19 - 22:43] What role Anna's beginnings of being a hardworking Mom with all the tough learnt e patience had on her future achievements.  [22:43 - 27:02] How and why Anna focuses on helping women get out of poverty through teaching how to invest. [27:02 - 30:04] All about REI Women, REI Like a Girl, and Anna's coaching programs.   Here’s what Anna shared with us during today’s conversation: Favourite European City: Anna wants to visit the whole main core of Europe! She currently lives in Anvil, Pennsylvania.  Best thing to happen in the past 24 hours: Anna had a great conversation with someone that could help her get her 1st Virtual Assistant up and running. A mistake Anna would like you to learn from so you don't have to pay full price for it:Find people with integrity that are already where you want to be, and partner with them. Going it alone is tough and slow. Book Recommendation: Multifamily Millions, Dave Lindahl.   Check out Anna's own book, Resilience: Turning Your Setbacks Into A Comeback. Be sure to reach out and connect with Anna Kelley  by using the info below: www.reimom.com www.zenithcapitalinvestments.com Email: info@reimom.com   To see the Video Version of today’s conversation just CLICK HERE.   Start taking action TODAY so that you can gain more Education and Control over your financial life. Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.   Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

James: Hey audience and listeners, this is James Kandasamy from Achieve Wealth True Value Add Real Estate Investing Podcast. Today I'm happy to get Ivan Barratt into our show. Ivan is a multifamily owner-manager syndicator who specializes in large apartment complexes in the Midwest and he has been doing it since 2015 with over $18 million in equity, with more than 3000 units as the primary GP. And he has grown his company, which is Barratt Asset Management to be best in class two time inc 5,000 private equity and management firm. And he focuses a lot on equity, finance, acquisitions, and companies' strategies. So currently managing over 300 million in assets, comprised of almost 3,500 units. Hey Ivan, welcome to the show Ivan: James, so good to see you, dude. I always love talking to you man. It's good to be on the show officially. James: Absolutely. I know we postponed it a few times so this is going to be very, very valuable to me and to my listeners as well. And so, Ivan, let's get started. How did you get started, right? Let's quickly go through it. How did you get started and how did you end up with $300 million in assets under management? Ivan: Yeah. You know, for me it all started with one duplex that I house-hacked back in 2000. I'd wanted to be in real estate my whole life. My dad is in real estate. He was an attorney, always owned rental properties on the side. A couple of entrepreneurial uncles on both sides of my family that owned apartments, gas stations, car washes, all kinds of businesses. So at a really early age, I wanted to be an entrepreneur and I wanted real estate because I thought, gosh, why would I want a real job when I could just go out on a lot of property and do whatever I want and watch the rent cheques just come in. So I went to school, went to college, went through business school, got a degree in real estate finance, got out, house-hacked a duplex. For the first eight years, I worked for a mentor in mostly development, but also property asset management. All kinds of different jobs that I got to have that I got to where I working for this real estate developer. And most importantly, I got a front-row seat to the great financial crash in 2008 at a really young age, a huge gift. I learned. I wasn't as smart as I thought. I learned that I was doing real estate the wrong way and that's when I really started modeling multifamily companies. Because I'd always wanted to own apartments, but I also saw that in a downturn, those multifamily companies got bigger, they got stronger, they acquired more assets because of the way they were financed. And so that really was the impetus to get me started in my own pursuits. Then I actually started in 2010 as a property management company first because I knew that if I could figure out the property management game and doing that for others, that when it was time to buy bigger deals for myself, I would have a higher likelihood of success of execution. So I started buying a few small deals at the same time, was managing for other clients. Anything I could get my hands on where I didn't have to carry a gun and I was doing everything. Started from the bottom, then started being able to buy larger apartment deals. And when I say large, I mean, my first apartment deal was six units and about 35 and a 30. Then I said I'd never do another small deal again and I bought 15 cause it was just too good to pass up. And then from there, I started syndicating. I did my first syndication of 60 units and I bought 112 and all the while, still managing for other people as well. That was really how we grew the company in those early days. Once we got to onsite staff size properties, there was really no turning back, pretty addictive. Fast forward to today, we still do some management for others but we mostly manage our own assets now. And we are far and above are our biggest clients. And that's the shorter version of where I come from and how I got here. James: Got it, got it. So is this 3,500 units, is it all you? I mean, your company or you guys do fee manager part of it or how does that? Ivan: Yeah, so I own about 3000 units. We're down to about 500 units that we manage for others, it's not really a focus moving forward. We still have a few close partnerships that we like managing for. But really the way I've built and designed my company is not to be a profit center of property management, more to be an execution machine for my own wealth strategy. And so I think you and I've talked about this before, you know, on the property management side, I could be Scrooge and I could really be tight and I could probably make a 15% margin but instead, we focus those dollars into our culture, our people, growing leaders within the organization, having fun. Property management is not easy. You know, having great events and really trying to create this beautiful machine of people that want to come to work, want to do a good job, want to stick around a while and believe in what we're doing. We call it the band fam. James: Awesome. Awesome. So let's go deep into the, you know, how you got started and it's just so interesting, right? I mean, you had that vision to start from property management first and then added assets, which is, you know, how like even like Ken McElroy started, right. He started being a property manager first. Ivan: Ken McElroy was a huge influence in my career. Yeah. Huge influence. I read his book very early on and that was one of the key influences for starting my management company and figuring that out first. James: Yeah. And I think he had mentioned it many times. I mean, for the audience who doesn't know who's Ken McElroy. He is one of the largest owners of multifamily in the US. I mean, he is an advisor to Robert Kiyosaki and he's a big guy, well-known guy, a well-respected guy in the multifamily industry. And he mentioned very clearly in his book, right? I mean, to get started, you probably want to work for someone or go work as a property manager. And I don't think so many people are following it because people think it's just buying assets and letting it ride through a, it's okay. But what did you learn from that experience? And starting from property management and going into as an owner as well. Ivan: You know, this is 2011, 2012, I've got 70 units and I am everything. I'm the busboy, the cook, the maitre D. I'm the leasing agent. I'm the property manager. I'm the rent collector. I had a little bookkeeper that came in every other week cause I didn't want to screw that up. So I literally did everything first and learned to be efficient with it and also learn, you know, strengths and weaknesses and made a lot of mistakes. I've finally just decided early on that I knew I was gonna make a lot of mistakes and that was just part of it. I finally figured that out in my mid twenties, that being an entrepreneur is a lot about failing forward, making mistakes and learning from those mistakes and not quitting. It's not a calm, okay sort of method, but it's the backstory to a lot of successful entrepreneurs. So I just copied what those who had been there before me had done. James: Got it. Got it. And I mentioned it in my book, I mean, across all commercial real estate, multifamily is a really, really good asset class but the hardest part in multifamily is property management, right? I mean, managing that 300 or 100 units income stream from different people is just the hardest. I mean, you'd rather buy an office, have three tenants, professional tenants and you're done. Ivan: Yeah. Multifamily is the best asset class for return on investment on the planet until you move in the people. James: Yeah. Until you move into the hard job of multifamily, which is basically the property management and, you know, you'll figure it out. You'll figure it out beginning in itself that, you know, property managers, I mean, you want to start from property management and going into asset management. I mean, you and I know that you really don't make money in property management. It's basically a time-consuming job. Ivan: The most important one, but very, very time-consuming. The most important job, James: Absolutely, the most important and we do it for control, right. For control of our value... Ivan: Oh, absolutely. I couldn't imagine hiring a third-party manager for my own assets. It's just the way we do things and the amount of control we have, the ability to move pieces around. For instance, we had one property that was suffering a little bit. We were still trying to get the right management team in place. We took our best leasing agent in the entire company and we moved her across the state to do her thing at an asset that needed her assistance. And that's very easily done when you control the management side of it. If you're out there and you're just another number to a third-party company that's a far more difficult solution to get. They're not necessarily going to give you their best people or move around their best people. James: Yeah. And I also think property management is the best way to make deals, numbers work in this market cycle, right? Where the market, it's not like appreciating like what it used to be in the past five years. Ivan: You're giving away my best secrets, James. James: I know. Ivan: How we get our value-add picture to work is a big part of it is being able to manage these units efficiently and knowing exactly what it's going to cost to run them and finding inefficiencies and reducing expenses. It's one of the three legs on the stool right now for making deals, achieve target returns. No question. James: Absolutely, absolutely. I think that's very important for...that's why we do vertical integration. Because deals at this stage of the market cycle, where everything is overpaid and people are bidding for high prices for everything and it's just so hard to do, you know, if you're doing it third-party. Ivan: No question. James: So, yeah, I mean, to be frank with you, in the last one month, I have like four guys, four friends who are syndicators, who never had a third party. I mean never had their own property management. They called me for a meeting. They say, Hey, how can we do our own property management company? And I asked why and they said, Oh, you know, all these guys are not good. All this third party, what I told you guys like two years ago, right? And I say, do not do it. But they say, no, we are going to do it. Right? So I mean, yeah, if the market is 150% and your property management is 70% capable, market is 150%, your property management company capabilities are mask off by the market. Right? But if it's the other way around, right now, I don't think the market's at 150% probably is 90 80% right? But now you know, everybody's getting undressed on how capable they are. Now, everybody's like scrambling to go and say, now they're seeing all the weaknesses of all the third-party property management companies. Right. Ivan: Agreed. James: Yeah, absolutely. Absolutely. So come back to deals that you buy in the Midwest. So is it you are in Midwest and is that why you buy in that market? Ivan: Well, I'm lucky. I live in a place that's really great to invest in right now. Midwest, it's steady. The markets we look at have been growing on average 3% a year for 35 years. They don't boom, but they don't bust either. And so, we like a lot of these tertiary and secondary markets in the Midwest that have also successfully decoupled from the Roosevelt economies of old and have government education. Health care is big. There's some blooming in the tech space, R and D, there's some big insurance companies, financial services. So there are these markets like Indy is a great example that hasn't quite seen the boom that some other markets have, but they've just continued to steadily grow, which is really good on a five to seven-year hold period if you can find the right assets inside those markets. James: Yeah. Midwest I mean, I'm not sure where I read it, but essentially the whole Midwest is very stable in terms of economy, right? Ivan: Yeah, it really has become that way. And also in the B, B plus rental cohort, the percentage of rent income is still in the mid to high 20% range versus a lot of hotter markets where it's higher than that. So I would see that as a sign that there's still room to grow rents if you're good at picking growing submarkets within those markets. James: Got it, got it. Yeah. If you're able to identify the submarkets within the market itself.  Ivan: The submarket within the submarket, within the submarket, right? James: Well that's what real estate is.  Ivan: Hyperlocal.  James: Hyperlocal. Yeah. And I'm sure you being local, you would be able to know a lot of areas on your own and then you'd be able to figure it out things. So what are the States are you investing right now in Midwest city? Ivan: So far we're in Indiana, Ohio, Illinois, we've got lots of submarkets in these areas that we are targeting. And then from there, there are certainly other States we've got our eye on, here in the Midwest as well. James: So, the deals that you are getting from this Midwest, is it through brokers or how are you guys, through relationships or how's that? Ivan: At our level...so our typical deal is going to be somewhere in the 30 to $40 million range and all those assets are controlled by the brokers. If you try to circumvent them and start going direct to sellers, they're really not going to keep you on their deal flow list. So we use the brokers to our advantage and we get a lot of off-market deal flow from our beloved brokers. We've closed a lot of transactions with them. They know we're a great company to do business with. We never retrade, we close quick. And so, we ended up being on the shortlist when they've got a seller that may be willing to transact but doesn't necessarily want to go full bore on market. James: Got it, got it. So let's say today a broker sent you a deal, right? So what would you look for in that deal that may be attractive for you? Ivan: Yeah, so we're looking for newer assets that are late 90s, early two 2000s. We'd like some stability because our fund dictates that the property can pay monthly cash flow to the LPs starting within 30 days of closing. And we liked that cashflow to be current to the preferred return of 7%. So it's got to have cashflow, day one. And then we still want to see some upside from value add, bringing in our management team, like you and I just spoke of, to manage it more efficiently, but also to make some improvements. If it's the mid-90s, it likely can stand some amenity upgrades and some cosmetic upgrades to the units. So we're looking for, for those two pieces.  And then third, we want a market where the rent is still growing, jobs are coming in, it's a good school district, you've got population growth. So those three components. If those add up to a reasonable expectation of 15, 16, 17, 18% IRR on a five to seven-year hold, we'd like it. We underwrite it to attend. So, if we're holding it more than seven years, we want to do two and a half, three and a half X equity multiple net, or we really want to harvest every five years if we can. James: So how do you determine the exit cap rate? I mean, I know you can't really determine the exit cap rate but in the Midwest States, how would you underwrite, what is the market cap rate plus how many...? Ivan: Yeah, I know there's a lot of talk right now about exit caps and what makes sense. We always just provide a cap rate sensitivity analysis. So we show what it looks like if the cap rate goes up every 25 bips, we show what the return looks like. It's our suspicion that cap rates are maybe a little bit lower than they will be over the long run, but not as much as you'd think. The spread right now between the 10 year treasury, which is at 150 today (actually it's a little less than 150 thanks to the coronavirus) and say a cap rate on buying out of five and a half or six, you're talking about 500 basis points spread in some cases.  In 2008 when the economy crashed, the spread between the 10 year and commercial cap rates was 50 75 basis points. So if you think about the spread between what you get for leaving your money in a 10 year bond and what you get for putting your money in multifamily is still very, very fast. So I don't see that spread going up unless interest rates go up a lot and there's a growing consensus that interest rates aren't going up anytime soon, the debt would just get too expensive. There are too much deflation and global slow down in the macro global economy to force rates up. They're actually continuing to have to ease and keep rates down. And so, I am certainly in the school of thought that we are going to look much more like Japan over the next decade. We're not going to have a lot of negative GDP but we're not going to have a lot of positive growth either. So rates will stay fairly low and there will be a demand for risk assets that offer a healthy spread above the 10 year. So that being said, you know, I probably went down a rabbit hole, maybe a little too deep, but with that being said, you know, we're typically looking at 50 basis points on the exit at five years but we don't get too caught up into that. We never show our pie in the sky and projections to our investors. We never show what we think the maximum rent we're going to return is. For example, I just bought a 272 unit deal, a fantastic deal I'm excited about in the submarket called Greenfield, Indiana, it's inside the Indianapolis MSA, third fastest growing County in my state. And I just have been organically raising, for instance, closing $150 a door on renewal and I'm painting and carpeting. James: That's awesome. Ivan: So I'm not really worried about my exit cap on that deal. You know what I mean? The thing is if cap rates, this is the other reason why you and I get 10 year, 12 year agency debt is because if there's this point in time where cap rates spike, I'm not selling, I'm going to hold the property in cashflow. Just think about it, James. If cap rates are going up, it's because of inflation. Interest rates are going up to fight inflation. Agree? James: Yep, absolutely.  Ivan: Well, if inflation goes up, rents are going up too. And the best part about apartments is that we get to reset our rents every month and every year. And so if I don't have to sell at this little point in time and I can raise my rents and wait for things to stabilize and cash flow along the way, I shouldn't be as worried about an exit in a specific year. Where people should be worried about exit cap are these shorter terms bridge loan deals where they're banking on a big rent increase in a refi or a sale two years from now or three years from now. I think that's taking on a measure of risk that would be a little more than I'd be willing to buy it off. We locked in that agency debt early. James: Yeah. Yeah. I've been doing my agency, all my deals has moved to agency, you know, for the past two years I've stopped doing bridge loans just because of the exact reason that you are talking about and yeah, I agree. Bridge loan do have some risks. Some people like it because they think they can flip it but you don't want to flip at the end of the age of the market now [21:51crosstalk]  Ivan: It can also flip the other way on you. James: Yeah, exactly. I mean, bridge loans and turning around huge deep value add needs a lot of skills and you are really banging on the market timing right now. There are a lot of factors to put in. I mean it's like a flipping a house, you're flipping an apartment. So is that how you started from the beginning itself, where you have trained your investors to focus on the cash flow of the deal? And a lot of my investors now, they want like annuity, just give me a cash flow. I don't really look at the pop the bag and it just give me an annuity because you know, six to 8% return cashflow is an awesome return. Right? And it can be much more awesome going down there. Ivan: Yeah. So, how we work with our investors is first, we educate them on how we mitigate the downside. Why we do agency loans, why we lock in for a longer period of time and we plan to hold it. Why we're buying a little bit newer of an asset versus what we were buying in different stages of the market cycle. Then we look at the yields of the property and we look at with them, like you just said, look at this asset. If nothing else works, it's still going to yield seven, eight, 9%. And then we're looking at what's the potential upside down the road, in that order because people do want to see cash flow first and they don't want to lose money. And it's nice to be in a situation where if the stock market is down 30% or if it's 2008 2.0, we might not be selling anytime soon, but we're still going to be cash flowing. Whereas, other parts of their portfolio will be hammered. James: Correct. At that time, that seven to 8% would reap some really, really good return. I mean, you are basically getting it now and you're just maintaining it throughout your market up or down cycle. Ivan: And it's harder but that's why we look for deals that have that seven, eight, 9% cash flow very quickly. And we pay monthly on our distributions is because I like monthly cashflow. I know you do and investors you do. James: Yeah. But is that how when you started like six units, 30 units, 35, is that how you were looking at the apartment? The perception of change. Ivan: No. [24:17inaudible] 2010-2011. When I bought that property, it was bank-owned, REO so that those were heavy value add deals. So early on, I was learning how to reposition a property. Because that was the market cycle that we were in, the stage of the market cycle at that time. And so, I started off buying those, I bought some C properties and Bs and we're looking for more of those heavy value-add deals. And as the market changed, we changed with it. James: Got it. That's very interesting. That's the part that I did. I did a lot of deep value-adds and you know, prove ourselves. I mean, deep value-add takes a lot of skills. I mean, even value-add takes a lot of skills or how fast the turnaround or how we manage a contractor, how you manage your finances, how do you manage your scope of work and the schedule itself. It's very complicated, right? I mean, a lot of people would have done it by skill. A lot of people could have done it just because the market appreciated, not to say because they did the job itself. Ivan: I'm sure you are excited for those deep value-add deals to come back one day down the road. But today a deep value-add deal, we just underwrote one. There was a moderate value-add, maybe $15,000 a door and if everything went according to plan, we would make a 15 IRR. James: Then what's the point of doing deep value-add? Right? Ivan: What's the point? Right. Because I just bought a 1998 vintage deal. It's fully occupied. And I just told you I raised rents organically already and that's going to do a 17. And so, there's so much demand and there are so many buyers trying to crowd in and buy these so-called value-add deals that we've gone to a different strata within our space to find value. And then, when those value-add deals, get back up above a 20 IRR, I'll start taking another look at them. James: Got it. Got it. Got it. So you have changed your strategy just because of the market cycle, and you think that is what the investors want, and you still get, I mean, a lot of investors who had even one, three, 4% return, right? So if you're able to give them like, you know, 15% IRR or 17% IRR, they would be ecstatic. Ivan: Yeah, in my opinion, I've got to be mindful of the market and work within my marketplace. There's opportunities in every stage of the cycle. But you have to go right with the market, not against it. James: Yeah. So how are you competing with big institutional players? Because they look for this 1990s, 2000, and they'd be able to look at the same deals that you are looking at. Right? Ivan: Yeah. It's very hard. It's very hard. I'm very lucky that I started this several years ago. And that I've got a reputation and a track record with the biggest brokers in my region which are all national brokers. And we lose a lot, we lose a lot to big guys. I've just lost a deal yesterday for a deal, I loved it, at 41 million and some out-of-town buyers who've done it for 44 million so they can have it. A lot of times it's off-market. And then some of these submarkets that we're keenly interested in are off the radar of some of the bigger fish from out of town. And that's really how we're finding a lot of value. We know where the emerging markets are, the old Dave Lindahl approach, right? We know how to spot an emerging market and that's a key to getting that value. That's really, in my opinion, one of the only ways that you can get those returns up to where they need to be to continue to please your existing investors and attract new ones. James: So let's go into details on how do you identify emerging market. Can you give like top three things that you look for to identify this as an emerging market? Ivan: You know, there's a lot to it. I'm lucky that I'm in an area that I want to be in, but we're looking at infrastructure improvement is a big one. We're looking at population growth, job announcements. Have the developments. So example in Indianapolis, I know where the growth is going. I know where the good submarkets are that it'll be the big suburbs of tomorrow. Infrastructure is probably one of the biggest ones. For instance, we're buying in a market right now or they're building a brand new federal highway over the Ohio river that is going to bring more jobs and more commerce. Right?That's just a few of the nuggets James: I think the local knowledge and the local connections, right? Just, just the local knowledge itself is just very powerful. Ivan: Yeah. But it's not as hard as people think to find. I mean, if you're looking at the entire map of the United States and you're like, okay, I got to find an emerging market, that's going to be tough. But if you can start to focus in on an area and say, okay, what's like one rung out, where's the growth going? Where are the new big infrastructure projects planned? Where are the good schools out in those areas where people are moving to, where the housing starts, right? Housing brings commercial, commercial brings jobs and jobs bring multifamily. James: Got it. Yeah, it's very interesting to see where is the path of progress and just go and target that where the big fish is not really looking at.  Ivan: And then if you're buying below replacement costs and you're doing it right, you should have a rental range that gives you an economic moat between what a new construction project would have to deliver and would have to charge in rent. So if I'm in an area, like I told you about Greenfield and Indianapolis, I'm in that area and right now my target rental rents are maybe 1150, 1175 target rents after renovation. If I know in that market that somebody wants to come in next door and their rents have to be $1,400- 1,500 a month just to get a shovel in the ground then, I've got a decent defensive asset. So new supply, in many cases for me, isn't as dangerous. It's actually, it can be a good thing. James: Got it. Got it. Yeah, that was my question because in 1990 2000 vintage, sometimes can be competing with a new supplier.  Ivan: Yeah. You really got to make sure your Delta is three, four, five, $600, especially if you're buying A-minus like me. It used to be the difference between A-minus and A-plus was maybe $200 and now in a lot of markets, it's 500, 600, 700, maybe a thousand. And so, if you can figure out where to enter that market and have a large spread between you and new construction, you're much more insulated from A-plus concessions. James: Yeah. Got it. Got it. So apart from getting good loans, because right now, the interest rates are pretty low, apart from the buy itself, you're probably buying at a certain price that you think you can hit the investor target. How do you do value-add? I mean, what do you look for in this 1990s, 2000 vintage that is common. What are the biggest value-adds that you see that is your favorite? Ivan: Oh, that's none of your business. James: Come on, man, reveal the secret. I have to work hard on 1980s, 1970 probably. I want to go to 1990. What are the things, apart from the price, apart from the loan? Ivan: Well, listen, I'll give you a nugget. James: Yeah, you can give a few. Ivan: A lot of operators are spending way too much freaking money on unit improvements. James: Okay. Ivan: Okay. And so because we're vertically integrated because we're property managers and we know everything going on on the front lines, in the trenches, we know where we're going to get an ROI. We know that maybe granite countertops don't get us the ROI but really nice Formica does. We know that a yoga studio...in redoing a 90s fitness center with new equipment and a little yoga studio, it's going to get us a much better ROI than stainless steel appliances, for instance. So it's just knowing your market, it's knowing really the ROI on those improvements and how they impact rent and it's different everywhere you go. It's not like you can just take what I say, go do it anywhere. You have to know in that market what works. James: So is it by doing market surveys where you look for, I mean, in terms of...? Ivan: Well, remember we don't have to survey the market here because we are in the market. We manage the properties. We have leasing agents all over the Midwest that are giving us instant, realtime feedback, right? James: Yeah. Yeah. Ivan: But with that said, we shop our competition. So, because we control our management company and we're part of the apartment association, it's a very tight family in the apartment industry and we really hire from within most of the time because it's such a specialized job. And so, my team can call anybody on any apartment project anywhere in the Midwest and say, hey, it's Cat from Band. Can I shop you today? And they do the same to us and we all trade information on what's working and what's not. And that's really one of the really cool things about property managers, we help each other, right? James: Yeah. Yeah, absolutely. Absolutely. I mean, it is a very small... Ivan: No here is what we do: We shop ourselves, we secret shop ourselves. We're very upfront with our competition. When one leasing agents calling my competitor and saying, Hey, can we trade what's working, what's not? What are you guys renting for? But then we secret shop our own people and they get scored on how they do by outside sales consultants. James: So, you talk about two things. One is the amenity where certain amenities are desirable, where you can raise rents because it's more desirable. The second thing you talk about is the efficiency within the pipeline of property management. Ivan: Listen, nobody uses the gym but it still sells people on renting. James: Yeah, I know. It's crazy, right? I mean, right now I'm being more cautious about what I spend on a gym because I know people may not use it. So I know there's a gym…  Ivan: Yeah but it's the wow factor, James. Oh, you've got a yoga studio. Maybe I'll do yoga now. I've been meaning to do yoga. The year goes by, I never did any yoga but I rented from that guy, James. James: And I see my property managers using the gym, not my residents. That's okay, you need everybody to be healthy.  Ivan:  #culture. James: So let's talk about amenities. How do you decide on which amenities are more attractive? Ivan: It's all a functional market. And, again, it depends on what marketplace that we're talking about. So we're looking,  we will redo pool furniture. Bark park is an easy one to put in if it's not already there, we're typically redoing the gym. A lot of times we're redoing the clubhouse with new paint, new furniture, maybe a couple of computers. Again, things that sometimes we will never use, but just to give that wow factor when they come in to be able to close them on living there. James: So do you increase, like, I mean, you'd be mentioned in the beginning, $100-150 per door just by adding amenities and better management, I guess. Ivan: Yeah. It doesn't always work out that well and usually that 150 is coming from multiple areas. We're raising certain fees so maybe the owner hasn't raised pet fees or water fees since they bought the property. I get bad reviews on my website because we raised water fees to market, you know, but that's just part of it. It'll come from organic rent increases, which is where we're just raising the rent on turn. And then it comes from quick cosmetic improvements to the units, on turn as well. Paint, countertops maybe new cabinet hardware. We rarely ever take out the cabinets. Maybe new switch plates, maybe some new flooring in the kitchen and bath. Very light improvements. James: So among the things that you mentioned just now, what do you think is the most valuable improvements that is the biggest bang for the buck that all your residents love? Ivan: Yes. James: Which one? You've mentioned like five or six, which ones? Ivan: I've given you more nuggets that I should, man. I feel exposed to you. I feel like I got to tell you these things, but no, no. I'm like, keep this to myself. You know, it depends. Sometimes it's organic, right? We bought a couple assets where it was a big company. They own 5,000 units, but they still ran it like a mom and pop and they were like 20 years old and they never raised rents. If people don't move out, they don't renew them and increase them; we do. Another property, it was the amenity package that really started getting more income in other properties. So it's all those things and it's property by property, which one's going to move the needle the most. But typically you need all those components to get into that target rent. That 125, 150, 175, it's going to help you achieve your target returns over the whole period. James: Got it. Got it. So yeah, that's very interesting. So let's go back to whatever you mentioned just now to the demand of the property, which are the residents. Do you think the residents in this 1990s vintage, 2000 year apartment residence is harder than class C, 1960, 1970 residence. How did you manage? Was it more maintenance? Ivan: In some ways, it's less maintenance but in other ways, the tenants can also be the residents. We don't call them tenants anymore, James; the residents. James: Yes, exactly. Ivan: The residents can be more demanding, have higher expectations. See you've got to have the right people there that are used to managing that particular product with the income of the residents that live there. So yeah, some people would misunderstand and thinks that A-plus is easier because everything's new and shiny and oftentimes A-plus is extremely management intensive because of the expectations of the residents. So in some ways easier and in some ways not. James: Yeah, someone told me, a regional manager told me that A or A-plus residents are much harder to manage because they have all this ego that they can pay. They expect a lot of things from the property management company and sometimes their delinquency can be high because they say, I can pay next week, you don't have to really come up... Ivan: We find the collections are usually better. James: Okay. Got it. Got it. So let's go to financing. So on top of agency debt you also do hard debt,  right? And why did you choose some of the deals to be under hard loans? Ivan: It's a great way to take a ton of risk off the table. It's a 35-year amortization and it's full and meaning, you can hold that note for 35 years without having to refinance yourself. So you take a lot of risk off the table. The interest rates are somewhat lower, although Fannie and Freddie have gotten very competitive in the last couple of years. It allows you to get an 85% loan to value on after repair value, so you can finance a lot of improvements as well, which is great in some circumstances. So if you want to hold the deal a while, like 10 years or more, HUD can be a good alternative. It's also very compliance heavy. There are audits, there are physical audits of the property, so you really have to know what you're doing.  We like it just simply for risk management. So we have several assets that are HUD. Big myth is that HUD means it's an income subsidized project and that's actually incorrect. HUD finances A, B, C, D assets. Their mandate is to help provide rental housing so it's available to a lot more people. A lot more assets than people may recognize. It's certainly not for everyone, but in certain circumstances, I think it's advantageous. We locked in our last HUD deal November of 2018, a $34 million deal. Locked in with HUD, our all in note rate is 313. James: And I remember November 2008, the interest for agency debt was pretty high cause I did lock in some deals at that time and I think that was, I think, November, December is when it picked up and it came down again. Ivan: Yeah, it was luck, we were able to catch the bottom of that treasury dip, which helped but it was still lower than the agency. James:  I know HUD like a six months once distribution, where you can take out the money. How do you do distribution to your investors when you have that kind of limitation? Ivan: That's one of the downsides of HUD. You can only distribute every six months. That's why we don't use it very often. It's a different investor profile. Some investors want to be defensive. They want to have their money in something and they want to have leverage but they want to have downside protection. So HUD works really well but it does not provide the same sort of cashflows that agency and Freddie do, which is why we typically use the agencies. For instance, I think I said earlier with our fund, it distributes monthly; I couldn't do that with HUD. James: Got it. Got it. Hey, Ivan, let's go to a personal side of you, right? Why do you do what you do? Ivan: You know, for me, multifamily and growing BAM as a business is a lot of fun. Because the bigger it gets, the more fun I get to have and it's a great business for designing the life I want and designing the business in a way that it's the life I want for myself, my wife, my family. And so I liked the wealth and the freedom with real estate. Yeah, that's the crux of it. James. I've got some big goals and being a good dad and a good husband and a good member of my community and leaving behind the legacy. And for me, owning real estate and owning a business to operate it, is the path. James: Would you do this for another 20 years? Ivan: You know, it's funny, I got to sit down with an older guy on the banking side of our business of multifamily. He took his bank public. I dunno what he's worth, but it's over half a billion dollars. He's probably approaching 70. And he says, Ivan, you don't stop; you just play the game at a higher level. And I can tell you he's having a lot of fun, has a lot of freedom, has a lot of time with the grandkids, travels wherever he wants for as long as he wants, with whomever he wants. So I don't see myself retiring in the traditional way, I want to continue to just play the game at a higher level. James: Yeah, it is so fun to keep on improving things. Ivan: Yeah. And I like to tell young entrepreneurs this and people that are newer to the business, if you're getting bigger and you're not having more fun, you're not doing it right and you need to refocus on your people and your process and so that you can scale it. Because none of us can just keep working harder. It's unsustainable. James: Correct. Yeah. That's one of the challenges that we are having and we are trying to grow and you know, it's becoming harder to find that process and people especially to replace what we do. And we have set an expectation on how things should be done, but not everybody is gonna work like what we do. Ivan: The first coach I hired four years ago, all we focused on was figuring out what my one thing is that if I spend most of my time on that, I will be successful and then finding the right people to do everything else. And then the hardest part is from a guy that started myself and did everything myself, the hardest part but the key is getting out of their way once you hire them. James: That's really hard. And you're right, that is the hardest part. Ivan: I think Tim Sarah(?) said it best. James, he wrote some articles about letting little bad things happen and that's key. Excuse me, I thought I was going to sneeze. Learning to let people make mistakes even when it costs you money and letting them learn and fail forward just like you had to do, it's very freeing. And when you have a management company and you've got fees coming in every month, it becomes a little bit easier to start to let those little bad things happen. Let people fail forward, let them learn and make sure they're not just coming to you for the answers all the time. James: Got it. Got it. Yes. The art of delegation and managing people. So it's just so hard to master, right? Ivan: Well, if you get the right people, there's far less management. You get the right people in the right seats. That's a big part of it. James: Yes. Yes. I agree with you. Let me ask you one more thing. I mean, you started from six units to now, almost 3000 units. So I mean, you have gone through a lot of experiences. Tell me one proud moment that you can never forget that you were really, really proud of yourself. Where you think, Hmm this is something I will never forget in my life, what is that moment in your real estate career? Ivan: Oh, so real estate category? James: Yes. Something related to real estate. Real estate family, I mean, anybody, just a human interaction. What is that one moment where you think that, 'I'm very, very proud that I did this and I can never forget this until the day I die'? Ivan: So it was one of our first bigger deals, it was only 89 units. I think I bought that one after I bought [48:53crosstalk] Yeah, I bought 112. I had already bought 112 units. And so I almost passed on this deal. It was only 89. I'm like, I don't want to do a deal that's only 89 units. And it was in kind of a rough area that we thought was maybe emerging. We kind of looked at each other or like my partner and me, like six months ago, this deal would have been huge for us, why are we turning our nose at this deal? We should do it. And we did the deal, we got it at a good price and people thought we were crazy. And it was a little bit difficult to raise the money. And we bought it from a construction guy that had already done all the heavy lifting on the value. So people thought, right, what's left to do because this guy already improved it physically, but we had the suspicion that we could manage it better. And two years later, we sold it for almost $2 million more than we bought it for, ended up selling it at a two and a half X to our investors in two years, a little over two years. And that was my first like really big home run. And I remember thinking, gosh, we almost didn't even do this deal. James: Yeah. So what did you guys do in that deal to make that much money since it's already done..? Ivan: We got a much better manager in place. We got a really good maintenance guy in there and of course, we asset managed them and we were able to raise rents, we got occupancies up. We reworked the utility bill back to make more revenue there. So the cap rate on that one didn't compress all that much on the sale. It wasn't just like the market went up. We just got in there and turned around the NOI because this guy was really good at making all these physical improvements and he was a terrible manager. And so we got all that straightened out and a couple of years later, had a big win to show for it. James: Awesome. Awesome. Yeah, I remember my third deal was like, everything's done, well, I was trying to find out what's wrong with this deal and it was a smaller deal from what I used to do, trying to really analyze what's wrong. Something is wrong but it ran in and out of contract like five times and the seller was really frustrated, so he wanted someone to close it so that's where I came in at that time. So Ivan, why don't you tell our listeners how to find you, how to get hold of you or your company? Ivan: I'm all over the internet. The easiest way to find me and my team is probably Ivan barratt.com. B A R R A T T If you Google Ivan Barratt, you can find ivanbarratt.com. Barratt Asset Management. Ivan Barratt Education, which is a site I put together for accredited investors, but they all cross-pollinate. So you find one, you'll find them all. I'm all over LinkedIn. Okay. And then if you want to talk, 317 762 2625 James: Is that your cell? Ivan: That is my scheduler to get you on the phone with me.  James: That's going to be, I was surprised. It sounds like a cell phone, but it's not. Awesome, Ivan, thanks for coming over. Hope you enjoyed it. Ivan: I had so much fun, man.   James: I learned so much from you and I'm super happy to know you and thanks for coming in and add value. Ivan: Yeah, I'm sorry to miss you in New Orleans. I can't make it. I'll see you at the next one, dude. I always enjoy our conversations and I gave my banker a ton of crap, thanks to you. I appreciate that. James: Oh yeah, absolutely. I gave you that tip.  Ivan: Oh, yeah. James: All right, so thank you.

If you’ve ever thought you might want to invest in multi-family properties, this Exactly How Podcast is for you! Connected Investors CEO, Ross Hamilton sits down with Dave Lindahl - an expert in this arena. Dave began his investing career as a house flipper and realized that he could also generate monthly income from investments. Dave has held up to over 8,000 residential units, has followed an emerging markets investment model and has now expanded his strategies to include legacy investing.The Connected Investors' Exactly How Real Estate Investing Podcast is the perfect podcast for anyone interested in flipping houses, investing in real estate or building a business. Learn more at www.exactlyhow.com. Support the show (https://connectedinvestors.com)

Everyone knows the economic correction is looming, but is now still a good time to invest? If so what criteria should I use to purchase an asset?  Get these answers and much more from Dave Lindahl. Dave is a best selling author, serial entrepreneur, and educator who has thousands of students rotate through his RE conferences world wide. His knowledge and experience spans the gamut of RE investing: Foreclosures, short sales, wholesale deals, lease options and rehabs with single family, multi-family and commercial properties.

Paul & I Discuss Slowdown Happening Across the U.S. in Housing Rental Trends in Phila, Chicago, Atlanta, & Miami Storm Clouds on the Horizon in Self Storage Trend Which Might Cause Depreciation in Real Estate   About the Quarterly Market Update Episodes The Quarterly Market Update with Paul Sloate is a Regular Quarterly Episode highlighting the current events and conditions happening in the country and the world as they relate to real estate investing.  The Quarterly Market Update is brought to you by expert economist Paul Sloate, Founder of Green Drake Advisors-a wealth management firm located in Wayne, Pennsylvania.  Paul has been a regular guest on the show for the last 3 years and continues to bring valuable and unique insight to the world of residential real estate.    Recent Episodes: (There are 119 Content Packed Interviews in Total)  Dave Lindahl on Multi Family Investing in Emerging Markets Andrew Holmes on 850 Flips & 180 Rentals Dan Breslin on Gentrification-Double Property Values Austin Stack on Generating $1 Million in 14 Months in Atlanta   More Info About Paul Sloate at: Green Drake Advisors www.GreenDrakeAdvisors.com  

Here with a special guest…6-time world champion boxer, Olympic gold medal winner, world-class pugilist, Sugar Ray Leonard. Dave breaks the ice by talking about Sugar Ray beating his hometown hero, Marvin Hagler in one of the most important and memorable fights in boxing history. JJoin Dave Lindahl and Sugar Ray Leonard for the main event at Ultimate Partnering 2018 About the Sugar Ray Leonard Foundation: The foundation was established in 2009 by boxing legend and six-time world champion Sugar Ray Leonard and his wife, Bernadette. The Sugar Ray Leonard Foundation is committed to funding research and creating awareness for childhood type 1 & 2 diabetes and to help children lead healthier lives through diet and exercise. Throughout Leonard’s boxing career, he watched his dad and friends struggle with the many complications of diabetes and how it has affected every aspect of their life. Type 1 diabetes strikes both children and adults at any age. It comes on suddenly, causes dependence on injected or pumped insulin for life, and carries the constant threat of devastating complications. Type 2 diabetes in children is on the rise, fueled largely by the obesity epidemic. Leonard draws from his personal experience and boxing career to provide inspiration for funding research to combat the disease. - via Sugar Ray Leonard Foundation Who needs 10X when you have Deal Lab? New new monthly membership with constantly updated investor resources, latest real estate trends, mind blowing case studies, and a portal to connect with real estate professionals.Go to rementor.com/pop to start your $1 trial todayLike us → https://www.facebook.com/rementorFollow us → https://twitter.com/Real_REmentorInstagram → https://www.instagram.com/re.mentor

Paul & I Discuss Fed Raising Rates & Why it May NOT Continue Oil Prices & How they’ll Affect YOUR Real Estate Renovation Costs 3 Vital Indicators of Single Family Housing to Forecast a Crash The #1 Reason the Next Downturn will be NOTHING LIKE 2008-2010.   About the Quarterly Market Update Episodes The Quarterly Market Update with Paul Sloate is a Regular Quarterly Episode highlighting the current events and conditions happening in the country and the world as they relate to real estate investing.  The Quarterly Market Update is brought to you by expert economist Paul Sloate, Founder of Green Drake Advisors-a wealth management firm located in Wayne, Pennsylvania.  Paul has been a regular guest on the show for the last 3 years and continues to bring valuable and unique insight to the world of residential real estate.    Recent Episodes: (There are 100 Content Packed Interviews in Total) Dave Lindahl on Multi Family Investing in Emerging Markets Andrew Holmes on 850 Flips & 180 Rentals Dan Breslin on Gentrification-Double Property Values Austin Stack on Generating $1 Million in 14 Months in Atlanta   More Info About Paul Sloate at: Green Drake Advisors www.GreenDrakeAdvisors.com  

Jeannie and Jermaine discuss how to read a rent roll and what you should be adding to your property package. It was a very powerful episode. Here is what was discussed. RENT ROLLS – What to look for in a rent roll – How to read a rent roll – Comparable rents in an area Property Package – How to write a property – What you should have in your property package – Why you need a property package Who needs 10X when you have Deal Lab? New new monthly membership with constantly updated investor resources, latest real estate trends, mind blowing case studies, and a portal to connect with real estate professionals.Go to rementor.com/pop to start your $1 trial todayLike us → https://www.facebook.com/rementorFollow us → https://twitter.com/Real_REmentorInstagram → https://www.instagram.com/re.mentor

Jeannie and Jermaine are back, stealing the show again while Dave is on vacation... Teaching Mark how to lock down a 33 and a 3rd deal, dealing with coin-op laundry amenities on the property, when you have above market rates, how to actualize a property that is already cash flowing, PNLs, assisted living facilities, and rents by county authorities, we visit ATL, Eastern Kentucky, apartments in Bridgeport, CT, and glorious Branson, MO, and how to romance that broker. Who needs 10X when you have Deal Lab? New monthly membership with Constantly updated investor resources, latest real estate trends, mind-blowing case studies, and a portal to connect with real estate professionals. Go to: rementor.com/pop and start $1 trial today Like us → https://www.facebook.com/rementor Follow us → https://twitter.com/Real_REmentor Instagram → https://www.instagram.com/re.mentor Website → rementor.com Contact us: podcast@rementor.com

Don & I Discuss The BEST Source of Fix & Flip Deals  Vetting Contractors to Use for Flips Funding Deals at 100% Acquisition & Rehab Costs Structure of the Team Needed to Complete 100 Houses Per Year   From 0 to 100 Fix & Flip Deals Per Year Don Costa, of Fresno California, has built his business to flipping 100 houses per year.  Starting in the business back in 2003, Don rode the market up until 2008, then rode the market down until 2012, and then rode his business building skills and the market back up ever since.  He’s built a top notch team and constructed systems to help him grow along with “running his mouth”.  He’s going to tell you exactly how & why “running your mouth” might be the best way to build your real estate empire.   Mentioned Episodes: (There are 102 Content Packed Interviews in Total)  Paul Sloate on Quarter 2 Market Update Aaron Lockhart on Doing Deals with Diamond Equity Mark Podolsky on Investing in Raw Land Dave Lindahl on Multi-Family Investing in Emerging Markets   Resources Mentioned in the Episode: Don’s Podcast is www.FlipTalk.com

This one starts out with Dave planning a trip to Nepal for some meditation before getting down to business and answering questions from real estate newbies, 48 hour offers, what to do when sellers leverage your deal into another, playing buyers off each other, the real estate game, wording LOIs so they are honored, dirty words like “not binding”, purchase and sale agreements, that song, “Jean.” Running projections in multifamily investments, using “blind pools” to finance properties, narrow down your markets, and what to do when a seller wants you to guess the building’s equity. Join Dave Lindahl and Sugar Ray Leonard for the main event at Ultimate Partnering 2018 — Grow your business. Revolutionize your deal making. Increase your net worth. http://bit.ly/SugarRayDayUP2018 Contact us: podcast@rementor.comWho needs 10X when you have Deal Lab? New new monthly membership with constantly updated investor resources, latest real estate trends, mind blowing case studies, and a portal to connect with real estate professionals.Go to rementor.com/pop to start your $1 trial todayLike us → https://www.facebook.com/rementorFollow us → https://twitter.com/Real_REmentorInstagram → https://www.instagram.com/re.mentor

In this episode, you'll be learning from Dave Lindahl, the Founder and President of RE Mentor. Over the last two decades, Dave has bought and sold over 8,200 real estate units from foreclosures, short sales, wholesale deals, lease options and rehabs with single family, multi-family and commercial properties. In addition, he's also authored numerous bestselling books including the timeless apartment investing classic, Multifamily Millions. Not bad for a guy who started off decades ago, mowing lawns to support himself and his family. 

Dave is joined by Nizan Mosery, "The Serial Entrepreneur." Dave asks Nizan to tell his origin story before he got into real estate, Nizan discusses losing his father, rough transitions into business owning, a stint in Israeli armed services, doing everything Dave said not to do in the real estate game --- Nizan did, including owning a property before he knew it came with a "resident drug dealer" ( relax, folks, it gets worked out ), sacrificing a legendary ponytail to raise money for charity, and the projects they are up to now...including but not limited to a niche market involving shipping containers. We would like to thank you for listening by giving you a copy of Dave's new book, The Multi-Family Manifesto, grab the link below: http://bit.ly/REBook "Attract deals. Analyze deals. Create offers. Navigate the ups and downs of the market cycle. Powerful exit strategies." http://bit.ly/REBook Like us → https://www.facebook.com/rementor Follow us → https://twitter.com/Real_REmentor Instagram → https://www.instagram.com/re.mentor Website → rementor.com

Lane & I Discuss Risks of Investing in Multi Family Underwriting Pitfalls and Faulty Assumptions Expected Returns for Investing in Multi Family Why Single Family Rentals DON’T WORK WELL for Replacing Your Income   Graduating from Single Family Rentals Lane Kawaoka, host of Simple Passive Cash Flow podcast, began his real estate investment career in the single family rental space.  He realized that it was too difficult to find, fund, and manage the volume of deals necessary to replace his full time income with passive income and decided to go another way.  This led Lane to becoming a Syndicator on larger commercial and multi family deals, become more of a fund manager and underwriter of deals instead of a landlord.   Mentioned Episodes: (There are 99 Content Packed Interviews in Total) Dave Lindahl on Multi Family Investing in Emerging Markets Justin Turner on How to Do $10 million Dollar Redevelopment Deals Dan Breslin on Gentrification-Double Property Values Austin Stack on Generating $1 Million in 14 Months in Atlanta   Resources Mentioned in the Episode: Lanes’s Podcast can Be Found at www.SimplePassiveCashFlow.com

Vinney Chopra came to the US from India with $7 in his pocket, and now he can raise $10 million in a day or two. Known for his friendly and engaging personality, Vinney has earned the affectionate nickname of Mr. Smiles. As a multifamily sponsor he has facilitated over 26 successful syndication deals and manages a successful real estate investment portfolio worth over $200 million. On this episode of Target Market Insights, he shares his thoughts on which markets are emerging and how to identify them.    Key Insights Started in multifamily in 2006, did not know the meaning of LOI, NOI, IRR or Cap Rate 24 of his 26 syndications are in Texas, with the other two being in Georgia First deal was 14 units, later that week they bought 109 units At the time, Midland-Odessa, TX had the lowest unemployment rate, flew there and met with brokers Mentored by Dave Lindahl, author of Emerging Markets Emerging Markets: Utah, Dallas, Sacramento, Columbus, San Diego, Portland, Reno, Atlanta, Houston, San Antonio Have the business plan & pitch ready for brokers and investors Looks for cash flow day one 12 syndications in the last two years Can raise $6-10 million in 1-2 days, investor base of 128 investors Selecting the right target market is the key to deliver investor returns Figured out how to have the syndication break up into TICs for reinvestment Creating a $50 million, 506(c) fund for investors What to look for when seeking an emerging market: job growth, population growth, path of progress, where are new businesses, how many units are coming on the market, what are major attractions and retailers? To find topline info on a market, look at an offering memorandum and send info/articles to your investors Bull’s Eye Tips: Winning Your Market: Focus Market Changes: IRR Reports, Chamber of Commerce, market reports, talk to the mayor (mayor’s office) Daily Habit: Meditate in the morning and pay gratitude   Resources: How to Determine Emerging Markets eBook by Vinney Chopra Best Business Books: Emerging Real Estate Markets by Dave Lindahl Rich Dad, Poor Dad, New Edition by Robert Kiyosaki Law of Attraction by Michael Losier  The Secret by Rhonda Byrne   Digital Resources YouTube, Google, Podcasts   Tweet This: “Focus is similar to a magnifying glass”   “If you are unfocused, you can not give your full energy”   “Ask brokers to call owners they sold properties to 6 years ago and tell them you want to buy”   Places to Grab a Bite: Texas Roadhouse Steak - https://www.texasroadhouse.com/   Connect with Vinney: Website: www.vinneychopra.com Phone: 925-766-3518   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.    

Tyler & Dan Discuss: The “No Competition” Zone of Multi-Family Investing  “Back of the Napkin” Formula for Quickly Determining Whether to Pursue a Deal Beware of New Markets-How to Spot Trouble Before Buying Elsewhere No Money Down Deal Structure for Taking Down Apartments   Mentioned Episodes: (There are 88 Content Packed Interviews in Total) Paul Sloate June Monthly Market Update Dan Breslin on Gentrification-Doubling Property Values Dave Lindahl on Multi-Family Investing in Emerging Markets Joe Fairless on Buying Multi-Family Apartment Complexes in Emerging Markets   Resources Mentioned in the Episode: www.CashFlowGuys.com   Do You Know Anyone Else Who’s a Real Estate Investor?  Do You Think they’d Also Enjoy this Episode? Please Forward this Link & Tell Them to:   Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master” Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.  

Check out this FlipNerd.com interview with Dave Lindahl, one of the most successful multi-family investors and coaches in America. He has a true rags to riches story, and explains it all in our interview. Don't miss it! Get your copy of our FREE "Profiting with Rental Properties" Guide!

Jason Hartman went on The Apartment Building Investing Podcast with Michael Blank to talk about what caused him to start investing in real estate nationwide, why it's important to diversify, how to be a good real estate investor, and some advice to any newbies out there. Michael Blank is all about buying apartment buildings with other people's money, and has been doing so since he went to a Dave Lindahl boot camp in 2007. Key Takeaways: [3:11] What caused Jason to decide to invest nationally [8:38] Jason tried to warn the California investors about the dangers of investing in cyclical markets when homes were seeing 24% appreciation per year [10:05] Jason's response to the people who keep waiting for real estate prices to come down, and his thoughts on the Case-Shiller index [13:15] The first thing you need to do if you're going to be a good real estate investor [16:45] Jason's advice for someone getting started in real estate investing now Website: www.JasonHartman.com www.CommercialInvestingCenter.com www.TheMichaelBlank.com "Geography is less meaningful than it's ever been in human history" Interview recorded 4/11/2017

Mark & Dan Discuss: How to Get a $1M Line of Credit Funding New Construction, Fix & Flips & Rental Property Funding Large Apartment Buildings Access to More than $1 Billion of Capital   Resources Mentioned in this Episode: Apply for a Line of Credit www.REIFundingApp.com   Most Popular Episodes: (There are 65 Content Packed Interviews in Total) Dave Lindahl on Multi-Family Investing in Emerging Markets (300-500 Unit Buildings) Michael Freedman on Verifying, Reducing, or EVEN ELIMINATING Flood Zone Designations on All Kinds of Real Estate Frank Montro on Closing 300 Deals Per Year (AKA-King of Southside Chicago Fix & Flip Deals) Russell Walker on Buying, Fixing, & Selling Houses   Do You Know Anyone Else Who’s a Real Estate Investor?  Or Maybe they’re Trying to Become a Real Estate Investor? Do You Think they’d Also Enjoy this Episode? Please Forward this Link & Tell Them to:   Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals” Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Adam & Dan Discuss: A Police Officer’s Story About Posting Bandit Signs!! (Adam is a Police Officer) The Best Script to Use When Cold Calling Sellers 3 Rock Solid Book Recommendations How to Use Linked In to Build Relationships with Buyers, JV Partners, Deal Sources, & Private Lenders PLUS-Special Access to MY Personal Business Plan (Dan Breslin’s Bonus)   Resources Mentioned in this Episode: Connect with Adam on Linked In: https://www.linkedin.com/in/adamcoaches   Most Popular Episodes: (There are 63 Content Packed Interviews in Total) Dave Lindahl on Multi-Family Investing in Emerging Markets (300-500 Unit Buildings) Michael Freedman on Verifying, Reducing, or EVEN ELIMINATING Flood Zone Designations on All Kinds of Real Estate Frank Montro on Closing 300 Deals Per Year (AKA-King of Southside Chicago Fix & Flip Deals) Russell Walker on Buying, Fixing, & Selling Houses   Do You Know Anyone Else Who’s a Real Estate Investor?  Or Maybe they’re Trying to Become a Real Estate Investor? Do You Think they’d Also Enjoy this Episode? Please Forward this Link & Tell Them to:   Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals” Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Dave & Dan Discuss: Timing the Real Estate Market Selecting the Right U.S. Market at the Right Time Vacant Apartment Complexes-Worth the Time & Effort? Best Markets in the U.S. right now & Why   Resources Mentioned in this Episode: Ultimate Partnering 8   GOOD NEWS FOR ANDROID USERS:  We’ve Been Added to Google Play Here’s the Link: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Ijpjqlaxrwkqjdqb3ln2del2gei?t%3DREI_Diamonds-Real_Estate_Investment_Podcast   Do You Know Anyone Else Who’s a Real Estate Investor?  Or Trying to Become a Real Estate Investor? Do You Think they’d Also Enjoy this Episode? Share the link and tell them to:   Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals” Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes. Recent Popular Episodes John Cohen on Real Estate Financial Planning & Large Multi-Family Properties Michael Freedman on Verifying, Reducing, or Even Eliminating Flood Zone Designation on All Kinds of Real Estate Joe Fairless on Buying Multi-Family Apartment Complexes in Emerging Markets Justin Turner on Doing $10M Redevelopment Deals

Dave Lindahl isn't your typical shirt-and-tie investor. - He's always been a bit of a rebel. - Hell, up until the age of 24... his only care in the world was striking it big with his band.

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