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If you haven't tried being a syndicator who is actively looking for deals, you have no idea how difficult this part of the process can be at times. Our guest today is here to share why he thinks networking and relationship building is the key to finding great deals!John Okocha is a master at assessing and analyzing market fundamentals for acquiring multifamily properties. He possesses a unique skill for creating, maintaining, and updating financial models of existing and potential new investments. He is an integral part of the Elevate Commercial Investment Group team, which is a real estate investment firm focused on the acquisition of value-add multifamily assets that can be repositioned.The Elevate Group currently owns a $155 million dollar portfolio consisting of 1,720 units. You can find out more about him, the Elevate team and how you can invest with them on their website: www.elevatecig.com Be sure to also pick up a free copy of their book: MULTIFAMILY SYNDICATION: Everything you need to know as a passive investorSPECIAL OFFERS FOR OUR LISTENERS:For anyone interested in using the great service Groundbreaker provides, we have an amazing offer for you. Just type "HSQUARED" into the "optional Note" section on the demo form to get 10% off your first 3 months.https://groundbreaker.co/Find out how to access your retirement funds tax-free and receive a free book!!https://book.eqrp.co/hsquaredcapital/Published: Aug. 12, 2020
John Okocha adopted an investor mindset when he was in high school after reading Rich Dad Poor Dad by Robert Kiyosaki. After starting out wholesaling, he became a realtor and then moved on to commercial real estate and multifamily acquisitions, working as the first hire for a company that scaled from 20 to more than 2,000 units in less than two years. Today, John has two areas of focus — serving as a debt and equity broker, and launching his own fund that will focus on value-add multifamily properties. In this episode, John discusses the niche that he's establishing as a debt/equity broker and fund owner, the biggest thing that surprised him about scaling from 20 to 2,000 units, and what led him to launch his own fund. John Okocha | Real Estate Background Managing principal of Okocha Equity Partners, an alternative asset management firm focused on multifamily. Portfolio: GP of over 1,600 units Based in: Dallas, TX Say hi to him at: Okochaequitypartners.com Instagram LinkedIn Twitter reec.org Greatest lesson: Build strong relationships. Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com
John Okocha is the Managing Principal of Okocha Equity Partners and a full time real estate investor. He started his real estate investing career in 2013. He is a General Partner in over 1,600 multifamily doors. John is a master at assessing and analyzing property and market fundamentals for new acquisitions as well as financial modeling for new investments. John easily builds strong relationships with brokers, property owners and passive investors. He works relentlessly to vet and acquire investment opportunities that deliver above average returns to investors. John holds a Bachelor of Science in Economics from Texas A&M University. Hungry for more of the How in real estate investing? Visit www.ezfiuniversity.com for in-depth articles and webinar recordings to start down your own road to Financial Independence. 1. Listen and Learn on our Podcast, "10,000 Roads to Financial Independence": https://bityl.co/4l3z 2. Subscribe to our channel: https://ytube.io/3C4F ⏰ Timestamps ⏰: 00:00 Introduction 02:00 Surroundings shape you 05:02 Learnings 07:40 Network is net worth 11:05 Learning about how to talk to people is the key 13:10 Getting into fund management 20:20 Transition period- working for yourself 21:32 Next 5 years 23:24 What keeps up the motivation Want to dive deeper into the "how" of real estate investing and financial independence? Visit www.ezfiuniversity.com for in-depth articles and webinar recordings to help you on your journey. About Elisa Zhang: I am the owner and principal of over 3,000 apartment units totaling $450M across the US. I'm an educator, an artist and a mother of two beautiful children. I am on a mission to help motivated individuals make money while they sleep and retire faster than they ever dreamed. What makes me so confident that I can help others to achieve their financial independence goals? Because it's the exact process I used to replace my annual full-time corporate IT income of over $200K. By leveraging the power of real estate investing to form passive income streams that now fund my dream life, I was able to quit my job in 2019 and achieve true time and financial freedom. So, why do I share all of this info so openly? Unlocking the formula to FI is my way of showing gratitude and adding unique value to the world.
Today we talked with John Okocha about how he transitioned from multifamily syndications to starting his own real estate fund. We talk about how a fund works, different terms you should be aware of, and how using this form of debt could benefit you as an operator. Links to John's Information: @johnnyequityjohn@okochaequitypartners.comThank you for listening to this week's episode of The No B.S. Real Estate Show! See you all next week! If you want to learn more about passive investing opportunities OR want to invest actively. Reach out to us on our social media or website. Our website: www.thevisioneergroup.com Ethan Neumann:Instagram: @EthanNeumannOfficialFacebook: https://www.facebook.com/EthanNeumann11Linkedin: http://linkedin.com/in/ethan-neumann1Harris Trail:Instagram: @HarrisTrailFacebook: https://www.facebook.com/harris.trail/Linkedin: https://www.linkedin.com/in/harrison-trail-5942211b5/
We want to thank all of our listeners and guests for tuning in for Season 2! You can binge listen to the entire catalog this fall as Terrence will discuss his favorites and key takeaways from this jam-packed season next week. We will unveil the drop date for Season 3, see you all next week! Thank you to all of our guests of Season 2! Amber Dorsey, Ari Rastegar, Sam Bates, Tiffany Ryland, Ashley Hayes, Amber Carter, Nick Tinch, Teal Henderson, Tyler Austin, Crystal Young, Tyler Chesser, David Morrell, Brian Charlesworth, George Acheampong, Mark Shuler, Josh Welch, Krista Mashore, Kierra Castleberry, John Okocha, Jonathan Tuttle, Dave Jones and Leigh Brown!
Our guest today is John Okocha, a multifamily investor and private equity expert. In this conversation, we dig deep into how to network and build connections thoughtfully, the best ways to raise capital, and how to build trust with your investors. Join us and level up your networking game! Learn more about John and his journey at reiclarity.com! “Hang around people that are smarter than you.” 04:32 John's parents immigrated from Nigeria in the ‘80s to make their dreams come true. John inherited this mindset and he's always wanted to create something meaningful. From an early age, John always put himself in situations when he could be around people who are further along in their journeys than him. His advice is to always seek out opportunities when you're out of your comfort zone because that's the only way to grow. “In the long run, the people who are going to be the titans of the industry are the people who have an extremely high EQ.” 17:49 John is an expert in making connections in the real estate space. He shares his best pieces of networking advice with us. Attend your local real estate meetup consistently so people get to know you. Be honest about your goals and where you're at in your journey. Ask thoughtful and insightful questions and also try to connect on a personal level with investors. Practice talking to as many people as possible. Read books on networking. “The highest form of money is trust.” 33:26 John is an expert in raising capital. According to him, the most important part of raising money is trust. Investors have to trust you or your brand in order to invest with you, so focus on building trust. Ways to build trust and succeed in raising capital: Educate yourself and be an expert in your field. Be active on social media and talk to your followers regularly. Go to as many meetups as you can. Make sure to follow up with people in your network. Mentioned in the show: His Instagram Okocha Equity Partners His LinkedIn Keith Ferrazzi - Never Eat Alone Dale Carnegie - How to Win Friends and Influence People Richard La Ruina - The Soulmate Sequence Chris Voss - Never Split the Difference www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity. Special thanks to John Okocha for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts While you there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
How is fear affecting your growth? John Okocha joins us to talk about why you should be surrounding yourself with people that have what you want. You have to pick up the phone, ask the RIGHT questions and push past your limits. If you're just getting started or a seasoned agent, it might be time for a new perspective. Share your ideas below and connect with the Real Estate Entrepreneur community. We appreciate the support and don't forget to leave a rating and review on Apple Podcasts! Contact: John Okocha @johnnyequity Email- john@okochacapital.com Books: Think and grow rich by Napoleon Hill Timestamps & Show Notes: (0:00 - 1:58) Intro (1:59 - 9:18) How One Book and One Question Opened Doors (9:19 - 16:20) Your Potential Is On the Other Side of Fear/ The Scoop on Acquisition Agents (16:21 - 20:16) Identifying the Right Deal & The One Percent Rule (20:17 - 24:49) The Pillars of Underwriting a Multifamily Deal (24:50 - 34:54) Rapid Fire- Lessons/ Opportunities/ Going After Your Limits (34:55 - 36:24) Outro
Make It Rain: Multifamily Real Estate Investing for Millennials
John Okocha is the Managing Principal of Okocha Equity Partners and a full time real estate investor. He started his real estate investing career in 2013. He is a General Partner in over 1,600 multifamily doors. John is a master at assessing and analyzing property and market fundamentals for new acquisitions as well as financial modeling for new investments. John easily builds strong relationships with brokers, property owners and passive investors. He works relentlessly to vet and acquire investment opportunities that deliver above average returns to investors. John holds a Bachelor of Science in Economics from Texas A&M University.John's website: okochaequitypartners.com For more info, check us out at makeitraincapital.com.Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials! We're Daisy and Luc, two millennials who love multifamily investing. With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial. We're excited to chat with you about the what's, the why's, the how's, the who's. The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies. Take action on your financial future TODAY!
John Okocha has acquired over 1,700 doors in less than 2 years. He plans on getting into the Private Equity side of the business in the near future. Now as the Vice President of Acquisitions of a large commercial Real Estate company (Elevate) that has over $100 million assets under management, John has gained experience in the Multifamily Real Estate space and he dropped some amazing gems and tips on talking to investors on this episode- tune in! John Okocha Contact Information:https://www.instagram.com/johnnyequity/?hl=en@johnnyequity
John Okocha has acquired over 1,700 doors in less than 2 years. He plans on getting into the Private Equity side of the business in the near future. Now as the Vice President of Acquisitions of a large commercial Real Estate company (Elevate) that has over $100 million assets under management, John has gained experience in the Multifamily Real Estate space and he dropped some amazing gems and tips on talking to investors on this episode- tune in! John Okocha Contact Information:https://www.instagram.com/johnnyequity/?hl=en@johnnyequity
Adam Carswell, along with co-hosts Nadir Price and John Okocha, bring on special guest Albert Polanco, NFT & Blockchain Expert, to discuss what Non-Fungible Tokens (NFTs) are and how they use blockchain technology to allow people true ownership over their digital and physical assets.In this episode, Albert talks about:What Non-Fungible Tokens (NFTs) areHow NFTs utilize blockchain technology to facilitate transactions The five ways NFTs add value to digital and physical assetsHow NFTs can prove the authenticity of digital and real assets Adam would like to give a huge thanks to Albert for coming on the Dream Chasers platform and sharing his knowledge and experience with the emerging NFT marketplace.Watch the video replay here: https://www.youtube.com/watch?v=9gEsU6mI1rI Contact Albert Polanco: https://nftyfarm.com/ | Youtube ChannelTimestamped Shownotes:03:45 – Host Adam Carswell introduces special guest Albert Polanco, NFT & Blockchain Expert, and co-hosts Nadir Price and John Okocha08:40 – What is a Non-Fungible Token (NFT)? 09:33 – What do NFTs allow for buyers, sellers and traders and what are some examples of use-cases?10:37 – How does the current state of the economy work between businesses and consumers?11:50 – How do NFTs use blockchain technology to allow for true ownership of digital assets? 12:10 – What is the Blockchain and how does it aid NFTs? 12:52 – What are the possibilities of programming NFTs on the Blockchain?14:38 – How do NFTs add utility by serving functional purposes for their digital assets?16:09 – How can NFTs prove the authenticity of digital and physical items?17:14 – How can NFTs track the ownership history of an asset?18:15 – How can NFTs be easily transferred between third-parties globally?19:45 – How can NFTs prove the scarcity of a digital asset?20:31 – Why should people care about NFTs?22:10 – How can an NFT actually prove the authenticity of a physical asset, like Michael Jordan's basketball?23:29 – What are Albert's thoughts on the supposed environmental footprint of NFTs' energy consumption ?28:16 – How easy is it to integrate NFTs into the market?29:55 – What are Albert's thoughts on BitClout in the NFT space?31:24 – What is the WAX blockchain and how does it regulate NFT transactions?34:11 – How are NFTs being integrated into games and virtual reality?37:48 – How many users are on WAX and how fast is it growing?37:48 – What advice does Albert have for those looking into the NFT space?Sponsored by:Liberty Real Estate Fund (https://libertyfund.io/) RaiseMasters (https://5millionin30days.com/rm-application) Support the show (https://www.patreon.com/dreamchasers_ix)
“I used to be a financial planner...but the key to wealth is to own real estate.” In this episode of Rent Roll Radio, host Sterling Chapman welcomes John Okocha to the show. John is the VP of Acquisitions at Elevate Commercial Investment Group. John shares how he got to where he is, the power of positioning yourself to learn, and how he chooses his multifamily properties to mitigate risk. Connect with John: Website Instagram Facebook
Real estate syndication is all about creating relationships and scaling your business ultimately depends on the quality of those relationships. At least, that is what today's guest, John Okocha, believes. John is the Vice President of Acquisitions at Elevate Commercial Investment Group and a key part of the growth of over 1,700 multifamily real estate units in 2019. He is a master at assessing and analyzing property and market fundamentals for new property acquisitions as well as creating, maintaining, and updating financial models of existing and potential new investments.
Tune in as John Okocha talks about mastering the right mindset and how to invest in the right people. John Okocha is a Real Estate Investment Consultant and for New Western Acquisitions, one of the biggest cash buyers in the DFW Area and the 2nd fastest growing company in DFW.. He graduated from the Texas A&M University with a Bachelor's Degree in Economics. John currently hold a Series 7&66 license as a licensed Financial Adviser. Current focus in: Investment Properties, Rehab Analysis, Flips, Rentals, and ROI, fund management and development.
An old European proverb states, “Tell me who you align with, and I will tell you who you are”.People tend to surround themselves with others just like them.While most of us tend to think very highly of ourselves, it's the quality of those around us that shows who we really are.Surround yourself with those that challenge you, encourage positive habits, and help you push your thinking to the next level.Thanks to John Okocha for today's #nextlevelnugget!Listen to his Dream Chaser's episode by clicking the link below:
Private Fund Manager, John Okocha, describes his journey into the world of Clubhouse, and how being active on the platform has drastically impacted his professional development.In this episode John talks about:The CFC Mentorship Program and the effect that it had on his careerHow to establish yourself and become an authority on the platform through the power of asking questionsOur plot to host Kanye West in one of our Clubhouse sessions~Contact John:Instagram: @johnnyequityClubhouse ID: @johnnyequity~Visit our sponsor:High-Rise Capital - Empowering Investors to Achieve Meaningful Investment Returns*Check out our website!Listen to us on these platforms:SPOTIFYAPPLE PODCASTSSTITCHERGOOGLE PODCASTSRemember, in all you think, say and do, TAKE IT TO THE NEXT LEVEL.Support the show (https://www.patreon.com/dreamchasers_ix)
In this episode of The Multifamily Wealth Podcast, I dive into the acquisitions piece of the multifamily syndication business with John Okocha of the Elevate Commercial Investment Group. John is the Vice President of Acquisitions at Elevate CIG and we learn about his background in single-family investing and how he transitioned his career into the multifamily sector. John shares some great tips as it relates to building relationships with brokers, quickly underwriting deals, as well as finding partners to work with!Show Notes:3:20 John shares his background and how he got into real estate so early in his career. 5:55 We discuss what John learned early on as he scaled his real estate business.8:17 John shares the differences in acquiring single-family properties vs. larger, multifamily assets.10:35 We discuss how John uses the 1% rule when quickly underwriting deals (even in large multifamily) and why average rent is important. 13:40 John shares how he uses LoopNet to build relationships with brokers.16:43 We learn why paying attention to brokers and making them your friend is the best way to gain access to the deals. 22:19 John shares his day to day role in his business and what he does when he finds a property with his team.25:18 We learn why surrounding yourself with people that have achieved your goals is essential to be successful.28:18 John shares the tools he uses to track conversations and elevate his business as a whole.31:53 John shares his biggest business-related failure and how he turned it into a learning experience. 32:17 We discuss John's short term goals within the next year.CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.CONNECT WITH JOHNhttps://www.linkedin.com/in/john-okocha-0132a55a/https://www.elevatecig.com/https://www.instagram.com/johnnyequity/?hl=en
In this episode of The Multifamily Wealth Podcast, I dive into the acquisitions piece of the multifamily syndication business with John Okocha of the Elevate Commercial Investment Group. John is the Vice President of Acquisitions at Elevate CIG and we learn about his background in single-family investing and how he transitioned his career into the multifamily sector. John shares some great tips as it relates to building relationships with brokers, quickly underwriting deals, as well as finding partners to work with!Show Notes:3:20 John shares his background and how he got into real estate so early in his career. 5:55 We discuss what John learned early on as he scaled his real estate business.8:17 John shares the differences in acquiring single-family properties vs. larger, multifamily assets.10:35 We discuss how John uses the 1% rule when quickly underwriting deals (even in large multifamily) and why average rent is important. 13:40 John shares how he uses LoopNet to build relationships with brokers.16:43 We learn why paying attention to brokers and making them your friend is the best way to gain access to the deals. 22:19 John shares his day to day role in his business and what he does when he finds a property with his team.25:18 We learn why surrounding yourself with people that have achieved your goals is essential to be successful.28:18 John shares the tools he uses to track conversations and elevate his business as a whole.31:53 John shares his biggest business-related failure and how he turned it into a learning experience. 32:17 We discuss John's short term goals within the next year.CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.CONNECT WITH JOHNhttps://www.linkedin.com/in/john-okocha-0132a55a/https://www.elevatecig.com/https://www.instagram.com/johnnyequity/?hl=en
GUEST BIO John Okocha joins us in the lab with many experiments of enlightenment that evidently lead him to VP of Acquisitions for Elevate. Born in Dallas, Texas while his parents are originally from Nigeria. As a first generation son to immigrant parents John always had a focus on school first but was always open minded. When he was still in high school his close friend gave him the book "Rich Dad, Poor Dad" and it peaked his interest and the beginning of his real estate experiments began. He started going to real estate seminars alone, then eventually brought his parents. John did all the basics and soon enough he found a mentor who taught him about the single family side. He then got his first property under contract at 17! John worked for an investment firm that managed single family rental portfolios...after being reluctant to work on the single family sector John increased their acquisitions by over 75 percent landing himself the title Acquisition Manager. After seeking his next opportunity in the multifamily space, he was able to earn a role as an acquisitions specialist after a successful trial on the job — getting a letter of intent on a 400 unit apartment building on behalf of his company in just 30 days — the rest is history. What's up Experiment nation! John Okocha is joining us in the lab ready to blow us away with proven real estate experiments. John Okocha is born and raised in Dallas, Texas but his parents are originally from Nigeria. John has a Bachelor's Degree in Economics from Texas A&M University and has been doing real estate for about 6 years now. He specializes in acquiring Multifamily properties. But how did our brilliant guest started it all? HIGHLIGHTS OF THE EPISODE 01:13 - Background of the guest - John Okocha 02:23 - John Okocha's Journey to being a VP of Acquisitions 06:40 - How John realized that Financial Advising is not working for him anymore 10:40 - The importance of a challenging, nurturing environment. KEEPING IT REAL 13:39 - What is John's current position at Elevate Commercial Investment Group and how he got it 24:37 - What does an Acquisitions Manager do? 30:58 - What is the everyday goings-on of an Aquisitions Manager? 33:04 - What is Networking, and what is the importance of it? 36:17 - The importance of social media to John's current work. BOOKS MENTIONED IN THIS SHOW Rich Dad Poor Dad by Robert Kiyosakyi Think and Grow Rich by Napoleon Hill NOTABLE QUOTES (KEY LESSONS): "It's a realization. You think you're doing what you're supposed to do, then you realize you're not." "One thing that my dad always told me growing up, even in highschool, was to always hang out with people that were smarter than me." "There's a lot of things that we don't know that we don't know that we only will know if we have exposure to the right people." "When it comes to asking for advice, I always try to ask advice from someone who has what I want." CONNECTING WITH THE GUEST Website | LinkedIn | Instagram #ExperimentAcquisitionsManager
John Okocha has been in the real estate industry for the last 6 years. He is the Vice President for Acquisitions for Elevate Commercial Investment Group based out of Dallas, TX. John is an integral part of the Elevate team and the growth of over 1700 Multifamily Real Estate units in 2019. John is a master at assessing and analyzing property and market fundamentals for new property acquisitions as well as creating, maintaining, and updating financial models of existing and potential new investments. John is an amazing listener and therefore builds strong relationships with brokers, property owners and passive investors. He works relentlessly to make sure Elevate can acquire properties at a good price so that we can deliver higher than average returns to our investors. Takeaways: For multifamily side, know the numbers and know the market and be able to recognize.Relationship with a broker is the most important thing.“Attach yourself to someone who has a good track record”.The important thing to do when it comes to achieving your goals, is taking action, collect some information. If you're going in the wrong direction, you can always pivot and move in a different direction. Snapshot Round: What is your number one fail in real estate? I would say my number one failure in real estate is not getting started earlier.What is the number one thing that's contributed to your success? I think passion, I think energy having the energy to do it and just getting doing something that excites you.What is one nugget of investing knowledge you want to give us? I think I've mentioned earlier, take action.What is your dream? I dream would be to manage a fund, a fund that invests in multiple asset classes, real estate, companies. John's Contact: Facebook: https://www.facebook.com/john.okochaLinkedin: https://www.linkedin.com/in/john-okocha-0132a55a/