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The Multifamily Investor's Roadmap with Lee Yoder - #234 In this episode of The Real Estate Reserve Podcast, we sit down with multifamily investor and syndicator Lee Yoder to break down the roadmap to success in the apartment investing space. Lee shares his journey from being a physical therapist to building a thriving real estate portfolio and the key lessons he's learned along the way. We dive into how to get started in multifamily investing, the importance of finding the right partners, and why scaling strategically is crucial for long-term success. Lee also discusses navigating financing options, analyzing deals, and avoiding common pitfalls that trip up new and seasoned investors alike. Whether you're looking to buy your first apartment building or scale your existing portfolio, this episode is packed with actionable insights and real-world strategies to help you succeed in the multifamily space. Tune in to learn: ✔ How Lee transitioned from a 9-to-5 career into full-time real estate investing ✔ The biggest mistakes new multifamily investors make—and how to avoid them ✔ Creative financing strategies to close deals in today's market ✔ The power of partnerships and networking in multifamily investing Don't miss this deep dive into multifamily investing with Lee Yoder! Learn more about Lee and his work at: https://threefoldrei.com/ If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777
The Growthcast with Dallas Pruitt | Presented by The Multifamily Mindset
Dallas Pruitt stresses preparation over panic in multifamily investing, sharing strategies like visualization, deal mastery, and emotional control. He urges practice, confidence, and community engagement to navigate challenges effectively.Mental Notes newsletter — livelifemission.comGet your 2025 Peak Partnership ticket!We want your feedback! Take our survey to help us better your listening experience.Check out the Multifamily Mindset store for great tools like the Think Bigger Journal and MFM merchandise.Follow us on Instagram:►Tyler Deveraux (@tyler_deveraux), CEO of Multifamily Mindset & Managing Partner of Multifamily Capital Partners►Dallas Pruitt (@dalpruitt), Founder of LIVE LIFE Mission and Resident Mindset Consultant at the Multifamily Mindset►Cyndi Maguire (@cyndigap), Real Estate Investor & Consultant at the Multifamily Mindset►Kyle Brown, Fulfillment Acquisitions Manager at the Multifamily Mindset►Zach Rucker (@zachrucker), Underwriting Mentor at the Multifamily Mindset
Struggling to get brokers and sellers to take you seriously? You're not alone. The #1 challenge for new (and even experienced) multifamily investors isn't just finding deals—it's proving you're a closer. That's where a Credibility Kitcomes in. In today's episode, I'm breaking down: ✅ What a Credibility Kit is and why it's a game-changer for real estate investors ✅ How to build one in less than a day (even if you're brand new) ✅ The key components that make brokers instantly take you seriously ✅ How to use it to get brokers, sellers, and investors to engage with you ✅ Pro-level strategies for standing out—even in a competitive market
In this week's episode of the KCREatingwealth Podcast, we had the great pleasure of chatting with a kickass seasoned investor with an incredibly inspiring story. Todor originally immigrated to the US from Bulgaria and built a tremendous service based business and eventually translated that to buying multifamily properties and built a very large portfolio! We chatted about multiple super real topics around being an investor and how it relates to family dynamics, enjoying yourself WHILE building your empire, quality of your doors vs quantity of doors, and so many more! This is definitely an interview that you don't want to miss! To get in touch with Todor, reach out to me and I'll give you his number! :) ***Fill out our investor application below for us to learn how to collaborate on deals together in the future!*** https://tinyurl.com/2x9r6y59 ***Join our “KCREatingwealth Together” Facebook group to collaborate with tons of likeminded investors from all over and help each other change our lives for generations!*** https://tinyurl.com/ycerv4ra Follow me on social! Instagram: @Kyle.kcreatingwealth, @KCREatingwealth Facebook: @Kyle Curtin Linkedin: Kyle Curtin Biggerpockets: Kyle Curtin What equipment do I use? Blue Yeti USB Microphone: https://tinyurl.com/5n966aty DISCLAIMER: I or any guests being interviewed on “The KCREatingwealth Podcast” are not responsible for any investment decisions that you make or capital losses incurred. We are not licensed tax professionals or any form of wealth advisors unless particular guest happens to be as such, and all investment decisions should not be made without receiving advice from a licensed professional.
Connie Lee is the Founder of Reffie, a centralized leasing platform designed to help Multifamily operators streamline their leasing processes and lease units faster. Reffie helps automate the 'boring', so real estate operators can focus on closing more renters. Before launching Reffie, she served as Strategy & Operations at Mosaic.tech and also managed Finance and Business Operations at ZipRecruiter. Connie is also a Real Estate investor in Los Angeles and an angel investor in various startups.(02:40) - Connie's entrepreneurial journey to Founding Reffie(05:49) - Challenges in Multifamily Leasing(07:24) - Leveraging AI in Real Estate(15:11) - Feature | Berkadia's BeEngaged - Learn more: Ecosystem of founders, industry professionals, and capital providers dedicated to redefining the Commercial Real Estate space.(16:47) - Reffie's Business Model(28:50) - State of the Housing Market(33:52) - Feature | CREtech NY Conference & Expo - Sign Up: Tangent listeners get a 20% discount using code PARTNERTANGENT20 at checkout.(35:24) - Rental Trends & Amenities(39:07) - Collaboration Superpower: Taylor Swift
From outfielder to millionaire investor! In this inspiring episode of Multifamily Millionaires, you'll discover how Bruce transformed his financial life by creating $5 million in equity in just four years through strategic multifamily investing.
In this episode, Joe Cornwell interviews Brian Heller, founder and CEO of Fairway Equities, who shares his journey from the entertainment industry to real estate investing. Brian discusses his experiences as both a limited partner (LP) and general partner (GP) in multifamily investments, highlighting key lessons learned along the way. He provides insights into a successful full cycle deal, the challenges faced in the current real estate market, and offers advice for investors looking to navigate the evolving landscape in 2024. Brian also touches on his background in reality TV production, particularly his time on Survivor, and the misconceptions surrounding reality television. Sponsors: Apartments.com
Whitney Elkins-Hutten of PassiveInvesting.com interviews multifamily investor Michael Zaransky, the founder of MZ Capital Partners, to delve into his recent acquisition of a high-rise 166-unit building in Chicago's thriving West Loop. Michael dives deep into the year-long pursuit of the property, highlighting the competitive bidding process and the strategies they used to stand out. Dive deeper as they explore the due diligence process, financing structure, and Michael's master plan to unlock even greater value through rent increases and expense control. This episode is a goldmine for investors seeking insights into multifamily acquisitions, especially in markets where competition is fierce.
Joe Fairless and the Best Ever Conference team would like to invite you to BEC2025 and have provided a discount for Passive Investing from Left Field Listeners. Please enter "LFI25" at checkout for a discounted price of $795. You can register at this link:https://besteverconference.regfox.com/bec-2025 In this episode of Passive Investing from Leftfield, we're thrilled to have Joe Fairless, co-founder of Ashcroft Capital, join us. Joe shares his incredible journey from the advertising world to real estate investing, managing over $2.7 billion in assets. Tune in as we discuss navigating market challenges, the importance of vertical integration, and the future of apartment investments. Don't miss Joe's valuable insights and advice for both new and seasoned investors! Now Next and How to Take Advantage in Multifamily by Joe Fairless PDF:https://drive.google.com/file/d/1bhYwz9Bngnl-09f6gOIV7ukgebdxRwT0/view?usp=sharing About Joe Fairless Joe Fairless is the Co-founder of Ashcroft Capital, managing over $2.7 billion in assets. Beyond his role at Ashcroft, Joe created the "Best Real Estate Investing Advice Ever Show," the longest-running daily real estate podcast globally, boasting over 500,000 monthly downloads. Joe is a proud Texas Tech Alumni Advisor Board member for the College of Media and Communication and has been honored as an Outstanding Alumni at Texas Tech University, where he also served as an Adjunct Professor. He actively contributes as a Junior Achievement Board Member and Volunteer for the Cincinnati chapter and has been inducted into the Junior Achievement's Free Enterprise Society. Joe also volunteers at Crossroads Hospice and was named Multifamily Investor of the Year by Think Realty Magazine. Together with his wife, Joe founded Best Ever Causes, supporting 69 non-profits over the past 65 months. Here are some power takeaways from today's conversation: 01:55 His journey 09:53 Transitioning into multifamily 15:20 “Best Ever” 17:15 Becoming vertically integrated in Ashcroft 19:55 Why is he focusing on certain markets 24:25 Navigating market problems 30:06 Capital call process37:58 Lessons learned from capital calls 45:22 How LPs should view operators who have had some trouble 48:15 Podcast Recommendations 48:25 Contact Joe This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting. Podcast Recommendations:Jim Rome- https://www.youtube.com/channel/UCTwARLMzm9weYBOqR3LS1jw Resources Mentioned: Contact the guest:Social MediaLinkedIn https://www.linkedin.com/in/joefairless/Website: https://ashcroftcapital.com/ Advertising Partners: Midloch:https://midloch.com/ Left Field Investors:https://www.leftfieldinvestors.com/ Rust Belt Capitalhttps://rustbeltcapital.com/ Tribevest: https://www.tribevest.com/ Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/
In this episode of the Heartland Multifamily Show, we're talking about the three different types of multifamily investors: Investors who want income, investors who want to build wealth, and investors who want a mix of both. Trot and I talk about what our experience has been with each type of investor, and what the benefits and drawbacks are of each. What type of investor are you? Leave a comment below.
Joe Fairless is the Co-founder of Ashcroft Capital which has over $2,700,000,000 of assets under management. In addition to his work with Ashcroft Capital, Joe created the podcast Best Real Estate Investing Advice Ever Show, which is the longest running daily real estate podcast in the worldJoe is a proud Member of the Texas Tech Alumni Advisor Board for the College of Media and Communication. He has also been recognized as Outstanding Alumni at Texas Tech University where he served as an Adjunct Professor. Joe is currently a Junior Achievement Board Member and Volunteer for the Cincinnati chapter where he was recognized by the Junior Achievement's Free Enterprise Society for his dedication. Joe also volunteers at Crossroads Hospice and in 2018 he was recognized as Multifamily Investor of the Year by Think Realty Magazine. Summary Joe Fairless, co-founder of Ashcroft Capital, shares his journey from single-family homes to multifamily syndication. He discusses the challenges he faced, including a 168-unit property that lost money, and the lessons he learned along the way. Joe emphasizes the importance of having a plan and believing in the operator's ability to execute that plan when considering a capital call. He also provides insights into the current multifamily market, highlighting the upcoming under supply of apartments and the potential for increased demand and valuations in the future. Keywords multifamily syndication, capital call, under supply of apartments, demand dynamics, due diligence, personal development Takeaways Having a plan and believing in the operator's ability to execute the plan are crucial when considering a capital call. The multifamily market is expected to experience an under supply of apartments in the future, leading to increased demand and valuations. When conducting due diligence, it is important to focus on NOI growth to isolate cap compression from the execution of the business plan. Investing in personal development can provide long-term benefits and pay bigger dividends than one-off investments. Taking action and making the decision to make a passive investment can lead to great satisfaction and the desire to start sooner. Titles Taking Action and Making the Decision to Invest Passively The Importance of Having a Plan and Believing in the Operator Sound Bites "Having a plan and believing in the operator's ability to execute the plan." "We're about to have more demand than supply. So in theory, prices will go up, which will help the valuations for any apartment community." "Focus on development of myself and then that will pay bigger dividends than any one-off investment would." Chapters 00:00 - Introduction to Joe Fairless and Ashcroft Capital 06:35 - Transition from Single-Family Homes to Multifamily Syndication 09:02 - Lessons Learned from a Challenging 168-Unit Property 17:01 - Current Portfolio and Capital Calls 25:46 - The Future of the Multifamily Market 32:19 - Navigating Capital Calls and Pause Distributions 35:15 - Due Diligence and Personal Development 37:23 - Investing in Personal Development Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor
Target Market Insights: Multifamily Real Estate Marketing Tips
Joe Fairless is the Co-founder of Ashcroft Capital which has over $2,800,000,000 of assets under Management. In addition to his responsibilities with Ashcroft Capital, Joe created the podcast, Best Real Estate Investing Advice Ever Show, which is the longest-running daily real estate podcast in the world and generates over 500,000 monthly downloads. Joe is also a proud Member of the Texas Tech Alumni Advisor Board for the College of Media and Communication, as well as being recognized as Outstanding Alumni at Texas Tech University, where he is a former Adjunct Professor. He is currently a Junior Achievement Board Member and Volunteer for the Cincinnati chapter and has been recognized by the Junior Achievement's Free Enterprise Society. Joe volunteers at Crossroads Hospice and was recognized as Multifamily Investor of the Year by Think Realty Magazine. He and his wife created Best Ever Causes which has proudly supported 76 different non-profits over the last 72 months. In this episode, we talked to Joe about his transition to multifamily real estate, insights on successes and failures in this market, resilience and mental toughness, his company Ashcroft Capital and how it was founded, where it is today, how to properly work with investors, and much more. Announcement: Learn about our Apartment Investing Mastermind here. Business Management; 02:18 Joe's background; 06:09 His transition to multifamily real estate; 12:34 An insight into success and failure in this market; 16:27 Tips on resilience and mental toughness; 19:02 About Ashcroft Capital and where it is today; 35:46 An insight on working with investors; 37:35 Round of insights Announcement: Download our Sample Deal package here. Round of Insights Apparent Failure: His first ever deal. Digital Resource: Boomerang. Most Recommended Book: The Wealthy Gardener. Daily Habit: Drinking a liter of water with wheat grass.. #1 Insight for scaling a business: Correctly identifying the skills needed to succeed in a business, and finding the right partners or team members to fill up the ones where you lack. Best place to grab a bite in Cincinnati, OH: Bones Burgers. Contact Joe: Website: https://ashcroftcapital.com/ Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
On today's episode of Ritter On Real Estate, We chat with Joe Fairless. Joe Fairless is the Co-founder of Ashcroft Capital which has over $2,800,000,000 of assets under management. In addition to his responsibilities with Ashcroft Capital, Joe created the podcast, Best Real Estate Investing Advice Ever Show, which is the longest-running daily real estate podcast in the world and generates over 500,000 monthly downloads.Joe is also a proud Member of the Texas Tech Alumni Advisor Board for the College of Media and Communication, as well as being recognized as Outstanding Alumni at Texas Tech University, where he is a former Adjunct Professor. He is currently a Junior Achievement Board Member and Volunteer for the Cincinnati chapter and has been recognized by the Junior Achievement's Free Enterprise Society. Joe volunteers at Crossroads Hospice and was recognized as Multifamily Investor of the Year by Think Realty Magazine. He and his wife created Best Ever Causes which has proudly supported 76 different non-profits over the last 72 months. Welcome, Joe! Key Points From The Conversation:- Why 2024 is a great time to invest in multifamily assets.- Supply and demand, issues with new construction. - Kent's prediction for the future of the market.- Navigating interest rates in deals.- Josh's experience investing as a limited partner. - The importance of being a good operator. Books Mentioned: Breath: The New Science of a Lost Art by James Nestor
Let's welcome one of the biggest motivations behind this podcast, Joe Fairless, and he's back on the show for the 1000th episode! Don't miss this remarkable conversation to acquire tons of value about passive investing, and seizing future opportunities in the market. Keep supporting the show to listen to more market experts and their unique strategies!Key Points & Relevant TopicsJoe's takeaways from all his success in business and lifeThe importance of being present for your family and people that matter in your lifeTwo challenges of being a deal operator in syndication and a piece of advice for passive investors chasing opportunities Things to look at when evaluating deals and operatorsWhat investors can expect in terms of housing supply and demand and occupancy rateThe kind of deal Joe wants to avoid and invests inWhat makes a good operatorHow passive investors can take advantage of the upcoming opportunities in the marketJoe's advice for existing passive investors and identifying whether it's worth it to reinvest in a deal or notResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Joe FairlessJoe Fairless is the Co-founder of Ashcroft Capital which has over $2,800,000,000 of assets under management. In addition to his responsibilities with Ashcroft Capital, Joe created the podcast, Best Real Estate Investing Advice Ever Show, which is the longest-running daily real estate podcast in the world and generates over 500,000 monthly downloads. Joe is also a proud Member of the Texas Tech Alumni Advisor Board for the College of Media and Communication, as well as being recognized as Outstanding Alumni at Texas Tech University, where he is a former Adjunct Professor. He is currently a Junior Achievement Board Member and Volunteer for the Cincinnati chapter and has been recognized by the Junior Achievement's Free Enterprise Society. Joe volunteers at Crossroads Hospice and was recognized as Multifamily Investor of the Year by Think Realty Magazine. He and his wife created Best Ever Causes which has proudly supported 76 different non-profits over the last 72 months. Get in Touch with JoeWebsite: https://ashcroftcapital.com/ To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!
Matthew Sutika is an award-winning entrepreneur and business owner in the multifamily insurance sector. As an investor himself, Matthew founded Nimble to offer a unique approach to commercial coverage. With years of industry experience, Nimble provides support for every stage of the real estate journey.Support the Show.https://www.buzzsprout.com/1187780/supporters/newFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2024 Capital Raising virtual conference - https://multifamilyap360.mykajabi.com/capitalRaisingTo find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com
Scott Kidd, a yacht captain and real estate investor, emphasizes the importance of relationships, networking, and effective leadership in managing multifamily properties. He highlights the opportunities in the Columbus, Ohio market. Scott Kidd | Real Estate Background Yachtie Real Estate Investors Based in: Jensen Beach, Florida Say hi to him at: LinkedIn www.investwithscottkidd.com Best Ever Book: Who Not How by Benjamin Hardy and Dan Sullivan Sponsors: Apartments.com Ascent Equity Group
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Welcome to the lab! Today, we're diving into the world of cost segregation and tax incentives with our distinguished guest, Terry Judge. As a Cost Segregation and Tax Incentive Expert, Multifamily Investor, and Lifetime Entrepreneur who's helped investors save over a billion dollar's worth in tax savings, Terry's journey is nothing short of inspiring. A former mechanical engineer turned real estate tax strategist, Terry thrives on the challenges of the tax code, mirroring his analytical approach to both life and business. Despite starting with no tax background, Terry's tenacity and dedication propelled him forward, leading to a fulfilling career in real estate and tax advisory. Join us as Terry shares his compelling story driven by a passion for innovation and a commitment to helping others achieve financial success. From his early career in mechanical engineering to founding CORE, a leading tax and advisory solutions company, Terry's path is marked by resilience and a relentless pursuit of excellence. In this episode, Terry delves into the intricacies of cost segregation, emphasizing the importance of strategic tax planning and leveraging specialized knowledge to maximize tax benefits. From uncovering niche tax strategies to maximizing depreciation through cost segregation studies, Terry's insights offer a roadmap for both seasoned investors and those new to the field. Moreover, Terry sheds light on the nuances of cost segregation, sharing tactics for maximizing tax savings and profitability while emphasizing the significance of detailed audit trails and comprehensive studies. If you're looking to unlock the secrets of tax-efficient real estate investing and harness the potential of cost segregation, this episode is for you. Tune in now! HIGHLIGHTS OF THE EPISODE: 09:51 - Terry talks about conducting a cost segregation study and what it can do for investment properties. 16:15 - Terry talks about how to be eligible for cost segregation KEEPING IT REAL: 04:00 - How cost segregation integrates legal, engineering, and tax components 06:00 - Accelerated depreciation benefits 10:10 - The impact of cost segregation on investment properties 13:00 - How depreciation works in real estate 15:30 - Eligibility for cost segregation and investment properties 24:20 - Impact of holding periods on cost segregation 30:10 - Depreciation benefits for different property types 34:00 - Changes in bonus depreciation over the years 39:00 - Tax benefits for real estate professionals vs. limited partners 45:30 - Importance of having a good team and specialized CPA 54:32 - We are OUT! CONNECTING WITH THE GUEST Website: https://coresolutionsgroup.net/ Linkedin: https://www.linkedin.com/in/coresolutionsgroup/ Instagram: https://www.instagram.com/terry_judge/?hl=en Email: terryjudge@coreadvisors.net #CostSegregation #RealEstateTax #TaxBenefits #RealEstateInvesting
In this episode, Gino Barbaro sits down with Neil Schoepp, a dedicated member of the Jake and Gino community since 2018. Neil shares his incredible journey from serving as a New York City police officer and fireman for over 24 years to becoming a successful multifamily investor and life coach.Highlights:Early Days: Neil recounts his early career as a police officer and fireman, driven by the promise of a stable salary and early retirement. He reflects on how these roles shaped his perspective on life and his desire to help people.Transition to Multifamily Investing: Neil discusses the skepticism and challenges he faced when first considering joining the Jake and Gino community. Gino shares a heartwarming story of their first meeting in St. Augustine, highlighting the importance of accountability, community, and personal growth.Mindset Shifts: Neil and Gino delve into the critical mindset shifts that Neil underwent. They explore how overcoming limiting beliefs and adopting a new identity as a multifamily investor transformed Neil's approach to life and business.Family Impact: Neil shares the inspiring story of how his journey into multifamily investing has positively influenced his family, especially his son, who invested alongside him. This investment not only provided financial returns but also instilled valuable lessons about money and investing in his son.Overcoming Challenges: From dealing with skepticism from friends and family to navigating the ups and downs of real estate investing, Neil offers insights into the resilience and determination required to succeed.Journaling and Personal Development: Neil talks about his newly launched journal, "Results Over Excuses," and its role in his daily routine. Gino emphasizes the importance of habits, mindset, and documenting one's journey.Key Takeaways:Proximity is Power: Surround yourself with a supportive community that believes in your goals.Mindset Matters: Shift your perspective to unlock new opportunities and overcome limiting beliefs.Continuous Learning: Invest in education and personal development to keep growing.Family First: Inspire and educate your family about financial independence and smart investing.Take Action: Start small, stay consistent, and keep pushing forward.Connect with Neil:Website: https://neilschoepp.com/Email: neal@neilschoepp.comBook: Results Over Excuses (available on Amazon)Final Thoughts:Thank you for tuning in to this episode of the Movers and Shakers podcast. Neil Schoepp's journey from a blue-collar worker to a multifamily investor and life coach is a testament to the power of mindset, community, and relentless pursuit of growth. Join us next time for more inspiring stories and actionable insights. Don't forget to like, comment, and subscribe to the Movers and Shakers podcast for more episodes that will inspire you to take action and transform your life. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
The Growthcast with Dallas Pruitt | Presented by The Multifamily Mindset
In today's episode of the Multifamily Mindset Podcast, co-hosted Cyndi Mcguire dives into 21-year-old multifamily investor Austin Darion shares his journey, challenges, and achievements in real estate, emphasizing persistence, networking, and future goals.Follow and Invest with Austin: FiveThree Capital Instagram Follow Cyndi Below:InstagramFacebookLinkedInFollow Tyler & Dallas on Instagram:►Tyler Deveraux (@tyler_deveraux), CEO of Multifamily Mindset & Managing Partner of Multifamily Capital Partners►Dallas Pruitt (@dalpruitt), Founder of Growth Guide Co.
n this episode of the Small Axe Podcast, host Nico Salgado sits down with multifamily investor Emeka Ogbonna to dive into the intricacies of a day in the life of a multifamily investor. Together, they explore the process of evaluating and considering a new deal, offering valuable insights and perspectives for both seasoned investors and those new to the real estate investment world. Join us as we uncover what it takes to navigate the world of multifamily investing and make informed decisions on potential deals.
Welcome to the Small Axe Podcast! In this episode, host Nico Salgado dives into the world of multifamily investing and poses a thought-provoking question: are you sure you can handle being a multifamily investor? Join us as we explore the challenges and rewards of this investment strategy, and gain valuable insights into what it takes to succeed in the competitive world of real estate.
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
There are a number of important factors to consider when assessing the value of multifamily assets. In this episode, Charles discusses rent growth and its importance to investor returns. Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/
Today's Flash Back Friday episode is from #116 that originally aired on Jun. 14, 2016. Our guest for this week's show is Multifamily Investor and full-time syndicator, Andrew Cushman. In today's show, we'll be speaking with Andrew in detail about how he went from being a full-time chemical engineer to a full-time multifamily syndicator who has amassed 1,470 doors in just over 5 years. Andrew will share with us intimate details on his first deal, which was a 92-unit apartment in Macon, GA that was 75% vacant and the lessons he learned from this first experience. He will also share the exact systems and processes that he uses to find deals in todays marketplace so that you can replicate these same ideas in your own business. Andrew's story is both inspirational and motivating as it truly shows what true grit and raw determination can afford us in this business. I'm positive that you'll enjoy and gain huge amounts of value from our show today. In this show with Andrew you're going to learn: How Andrew transitioned from being a chemical engineer to a full-time fix and flip real estate investor before deciding to focus on syndicating multifamily properties. Learn about the trials and tribulations he experienced with his first multifamily deal, which was a 92 unit property in Macon, GA which was 75% vacant at the time of purchase and more than 2,700 miles away. How he was able to continue to thrive as an investor, even during the downturn of 2007 and 2008. How he found his first mentor who trained him in the multifamily space. How he found funding for his first multifamily deal through the relationships he had built while fixing and flipping residential homes. Why he's attracted to the Southeastern states and feels there are multiple secondary and tertiary that are experiencing positive growth. What underlying fundamentals Andrew looks for in the markets he invests in. For example; population, median house prices, median incomes, crime rates, job growth, etc and which websites he uses to perform this research. The step-by-step process he goes through to find high quality property management companies in markets where he has no presence or existing relationships. What relentless persistence means to Andrew and how it took him 4,576 calls to get his first deal. And much more ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
The Multifamily Investor's Code: DisciplineSupport the showhttps://www.buzzsprout.com/1187780/supporters/newFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2024 Capital Raising virtual conference - https://multifamilyap360.mykajabi.com/offers/8BUi5nUm To find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com
In this enlightening episode of the Movers and Shakers Podcast, Gino Barbaro welcomes the incredible Nico Salgado, a seasoned multifamily investor and a revered member of the Jake and Gino community. After 19 years as a dedicated Spanish teacher, Nico embarked on a transformative journey into real estate, beginning with a single-family development project in 2012 and evolving into a successful multifamily investor. Dive deep into Nico's inspiring journey, the hurdles he overcame, and the invaluable lessons he learned along the way. Timestamps: 00:00 - Intro 00:56 - Why MultiFamily? 03:16 - People's Reactions When They Said 'I'm going to get into multifamily'? 07:16 - Beginner Passive or Active Investor Pointers 09:58 - The Go-Giver Mentality 13:43 - What Questions Would You Ask Bob Burg? 15:41 - Next Steps Into Multifamily 17:33 - What Have you Taken Away from the Jake and Gino Community? 18:58 - Reasons Behind Nico Starting his Podcast 20:19 - The Small Axe Podcast - Nico Salgado 21:06 - Key Steps to Starting a Podcast 23:34 - What Does the Future Look like for Nico Salgado? 25:53 - Nico Shares Mistakes He's Made 26:32 - De-constructing the Bad Deal 30:28 - Gino Wraps it Up Key Takeaways: The transformative power of real estate investment The critical importance of community and mentorship Overcoming setbacks and learning from mistakes The Go-Giver philosophy and its impact on success About Nico Salgado: Nico Salgado is not just a multifamily investor; he is a testament to the power of perseverance, education, and community. With a background in teaching, Nico brings a unique perspective to the world of real estate investing, emphasizing the importance of learning, growth, and giving back. Connect with Nico: Linktree: https://linktr.ee/smallaxe Phone: 1-516-660-6912 #RealEstateInvesting #MultifamilyInvesting #Podcast #Education #Community #GoGiver #NicoSalgado #GinoBarbaro #MoversAndShakers
Whitney Elkins-Hutten of PassiveInvesting.com interviews Multifamily Investor, Mac Shelton, who takes us on a journey through his career evolution, transitioning from private lending to the dynamic realm of real estate. Our focus zooms in on the impressive 90-unit Mount Pleasant Villas in Roanoke, VA, as Mac unveils the intricacies of the deal, including the strategic use of assumption contingency. An insightful highlight emerges as Mac discusses a significant discovery during the financial diligence phase. He candidly shares the unexpected duration of the deal-closing process, contrasting it with the surprisingly smooth equity raise. Join us as Mac generously imparts his knowledge and expertise, providing invaluable insights into the world of multifamily investing in this engaging episode.
Discover how Jake, a school teacher and his wife Yessi, became successful multifamily investors in just 8 months using our proven strategies, creating $4,000 a month in cash flow and a property value increase of $223,000!
Over her career, Sharon Riddle has worked in companies, non-profit organizations, and government agencies. She has provided business solutions in the areas of software upgrades, business process analyses, and conducted best business practice research for over 30 years. Sharon began investing in Single Family real estate in 2005 with her business partner, Dan. She took a leadership role managing all facets of the business including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to Multifamily in 2015 through initial education and investing passively in 18 properties in the Texas (DFW, Houston, San Antonio, and El Paso), Oklahoma (Oklahoma City), Colorado (Aurora, Brighton), Florida (Jacksonville), and Ohio (Columbus) totaling 3507 units to date. Served as a Key Principle. Completed sale of all SFR assets to become a lead sponsor in multifamily projects. Manage social media marketing for our Multifamily LLCs. Joined the Women's Multifamily Mastermind in 2019. Personal mentoring student of Brad Sumrok since 2015 and Millionaire Multifamily Mastermind since 2019.. Sharon Riddle is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Sharon Riddle? Reach out at www.excalibretexas.com.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learnInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show
Whitney Elkins-Hutten of PassiveInvesting.com interviews Jonathan Wells. Jonathan is a multifamily investor, a husband, and father of three wonderful kids. He dives into the details of acquiring and closing the 130-unit Sullivan in Mount Pleasant. Jon found no IRR hurdles with a 70-30 split. Let's join Jonathan Wells as she guides us through The Sullivan in Mount Pleasant.
Whitney Elkins-Hutten of PassiveInvesting.com interviews Will Matheson in today's episode. Will takes us into his property acquisition at Cooper Bend in Hanahan, SC. The physical due diligence on the 76-unit Residence had been great because it is in good condition, but Will admits that he finds it tough getting the insurance in place. He also shares his business plan for the property. So, grab this opportunity to gain some golden nuggets that Will shares today. Tune in to this episode now!
Quick Take - (Full Episode - #57 - Link Below to Full Episode) This week, we welcome Kent Ritter, CEO of Hudson Investing, to The Real Estate Law Podcast to discuss real estate syndication deals and why he's so passionate about helping others find their pathways toward financial independence. If you've heard other podcasts where people discuss real estate syndication, or you've been to real estate meetups with investors looking to raise capital, and always wondered about the inner working of those deals, this episode is a great starting point. Kent is a multifamily investor, the founder of the Indianapolis Multifamily Investor Meetup, and the host of the Ritter on Real Estate podcast, a weekly show featuring market insights and how to passively invest like a pro. His investment strategy focuses on a pretty specific niche, like 50 to 200 unit properties within the Midwest where he can add some value. Kent is on a mission to empower others to take control of their financial futures while making a positive social impact by providing modern, affordable housing to America's workforce. We shared some war stories with our past lives on the road in corporate America - hear how both Kent and Jason made their ways out of that grind and into pathways toward real estate investing and financial freedom. Things we discussed in this episode: - Midwestern hospitality and how demeanor differs from that of Northeasterners - Why he decided to launch his own podcast and what that has taught him - Kent's pivot away from a career on the road as a management consultant - Starting as a passive investor from 2015-2019 in other peoples' deals - Transitioning from being an investor in syndication deals, to becoming the one raising the capital for his own deals - Why Kent believes that excellent communication with investors is critical - How much time an investor can expect to have capital invested in a deal :: Link to Full Episode - https://youtu.be/HLxqaCQozPA Get in touch with Kent: Instagram - https://www.instagram.com/ritteronrealestate/ Facebook - https://www.facebook.com/RitteronRealEstate LinkedIn - https://www.linkedin.com/in/kentritter/ Website - https://www.kentritter.com/ Ritter on Real Estate podcast - https://www.kentritter.com/podcast/ Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law PodJoin Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #financialindependence #financialfreedom #cashflow #investments #multifamily #apartmentinvesting #entrepreneurship #multifamilyinvesting #quityourjob #passiveincome #realestatesyndication Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Help us Spread the Word If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
Free Life Agents: A Podcast for Real Estate Agents Who Want to Develop a Passive Income Lifestyle
Michael Guthrie is the co-owner and VP of Sales of a multimillion-dollar automated teller machine distributorship, Automated ATM Solutions, Inc. He's a Capital Raiser, Multifamily Investor and Syndicator at Pacific Capital LLC, currently owning over 8,280 doors across multiple markets, providing a passive income. Together with Samantha Guthrie, they have raised over $65 Million for Syndications in the past 14 months across 12 separate Syndications as a General Partner. They have 23 years of real estate investment experience, including property management of apartments and single-family homes. They are Multifamily Investors, Syndicators. In our podcast, Michael shares how he became an expert capital raiser and how that skillset led him to becoming a real estate investor involved in over 8000 units of multifamily and commercial properties. Michael also shares how he is able to raise capital from investors with ease and what his best tips are on how to manage investor relations, raise capital without selling, and how to become a real estate investor even if you have no experience in real estate! You Can Find Michael @: Website: https://pacificcapitalllc.com/ Email: michael@pacificcapitalllc.com Phone Number: 509-270-6701
Today's guest is Gino Barbaro. Gino is the Co-founder of Jake & Gino, a Multifamily Investor, educator, and Operator with over $280,000,000 in assets under management. Their students have closed over 71,000 units and have $4 Billion in Deal volume! Show summary: In this episode, Gino Barbaro shares his journey from the restaurant business to real estate investing, emphasizing the importance of understanding the business before scaling. He discusses the benefits of using your own capital, the current market conditions, and the opportunities that arise from motivated sellers. Barbaro also highlights the importance of education, partnering with experienced individuals, and creating a strong organizational culture. -------------------------------------------------------------- Intro (00:00:00) Gino Barbaro's real estate journey (00:00:55) The pros and cons of syndication in real estate investing (00:02:54) Opportunity in Seller Financing (00:08:36) Challenges with Seller Financing (00:08:52) Targeting Mom and Pop Sellers (00:09:14) The surprise lessons from people in the coaching program (00:16:44) The type of people they attract to work with (00:17:20) The importance of managing and scaling a real estate business (00:18:24) -------------------------------------------------------------- Connect with Gino: LinkedIn https://www.linkedin.com/company/jake-and-gino/ Web: www.jakeandgino.com/apply Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Gino Barbaro (00:00:00) - Bigger is not always better if you don't know what's going on underneath the hood. So thinking about it as not just an investment, not just a piece of land or a piece of real estate you have out there, but that is a business you have right there and learn how to run that business. And once you learn how to run that business, then go on to the next one and start learning how to scale and put systems in that real estate business. Intro (00:00:21) - Welcome to the how to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:34) - Gino Barbaro is the co-founder of Jake and Gino. He's a multifamily investor, an educator and operator with over $280 million in assets under management. Their students have closed over 71,000 units and have $4 million in deal volume. Gino, welcome to the show. Gino Barbaro (00:00:49) - Sam thanks for having me on, brother. How are you doing? Sam Wilson (00:00:52) - I'm great, I'm great. It's good to have you back on the show. Sam Wilson (00:00:55) - It's been only 700 episodes ago or so that you were on the show. For those of you that didn't get to listen to episode number 137, go back and check that story out or that episode out, and you'll get to hear Geno's kind of introductory story where he tells how he got involved in real estate. Gino, I won't ask you to rehash all of that today, but there are three questions that I ask every guest who comes on the show in 90s or less. Can you tell me, where did you start? Where are you now and how did you get there? Gino Barbaro (00:01:21) - Before I do that, please don't go listen to 137. I probably sucked five years ago. I'm not that great now, but I was really bad back then. I'm assuming. Anyway, the answer to your question, I completely forgot because. So who am I? Name is Gino barbaro I was in the restaurant business for 20 something years. I met my partner Jake Cinzano back in 2009. We partnered up in 2011. Gino Barbaro (00:01:42) - We bought our very first deal. 18 months after we did that, we bought a 25 unit. Since then, we've been able to scale the majority of our own capital only three syndications. We own 1800 units right now, so we've had an amazing journey. Just 1 or 2 great deals of the year refined those deals being very boring because creating wealth is not a dopamine hit every day. It can be really boring for weeks at a time. And then all of a sudden something happens and it's just being steady. Creating a business, creating processes, creating systems, hiring great people, having a great team is what has allowed us to scale to over 1800 units. Sam Wilson (00:02:16) - That's really cool. I love the what you've said there about only having three syndications and doing a lot of this with your own money. That honestly is something, and I know it's probably not in the cards for me in the near term, but it's something I've thought a lot about where it's like, man, the not having the responsibility of needing to report to investors, tell them what's going on, or even even being responsible to make sure that they get their returns hit, because I'm probably willing to accept some risk and maybe some downside that maybe I'm not willing to accept for my investors. Sam Wilson (00:02:47) - So what's been your thought process behind keeping that? Only to three syndications with investors. Gino Barbaro (00:02:54) - Sam, when we started back in 2011, there was no raising capital. The economy was terrible. We know we didn't know syndication was that was not that buzzword. So we bought our very first deal using seller financing. And that's what's going on in the market right now. Seller financing is back. So for those of you that say, hey, I like to use my own capital, maybe buy a couple of smaller deals. I mean, people out there will tell you, well, you got to go big. You got to get economies of scale. That 25 unit property that we bought ten years ago for $600,000 is currently probably worth a little over 2.5 million bucks, right. It's it's generating between 8 and $10,000 in cash flow every month. And the reason why it's doing that is we bought it, right? We refinance it. There's not a ton of debt on it. And when you look at it, rents went from 325 bucks back in 2013 to over $1,100 today. Gino Barbaro (00:03:44) - So it is, it is it's a little bit of a waiting game. But that's okay. You wait. But that's 125 unit little crappy deal that I own. 33% of it because Jake and my brother Mark are partnered up on that deal. So that one deal has put my first child through college, my second child is graduating, and it's my third child and everyone's out there. It's only a 25 unit deal. Do one of those a year for the next three years, and then by year five you'll be thanking, you know, going I've only got 75 units but $200 profit per unit. You're talking a nice 15,000 bucks in cash flow. You don't have to be overwhelmed by the numbers in this business. And there's no right or wrong answer. I'm not here to tell you to syndicate or not to syndicate, because syndication allowed us to build that business with investors, allowed us to get on a platform. It allowed us to create some kind of acquisition fees where we put back into the deal. Gino Barbaro (00:04:32) - We saw that that model wasn't for us, because all of a sudden we had capital to do our own deals and we're vertically integrated. So we're not looking to buy 5000 units a year. We're looking to do 2 to 300 units. Really good. Jake and myself, at this point in our lives now, syndication is an awesome tool if you're looking to scale, if you have very little capital to start out with, or if it's part of your overall strategy, you can still syndicate deals and you can still go buy 25 unit deals, 75 unit deals, JV with somebody. Why can't you do them all? Because I'm going to tell you right now, Sam, it may be difficult to syndicate in the next 12 to 24 months if you've got capital calls, if there's investors out there who are skittish, it may be hard to raise money. So this may be the time to jump in and say, hey, I've got my partners here, let's JV on a deal, let's do a seller finance deal. Gino Barbaro (00:05:17) - So learn all of the strategies in the multifamily, know when to use them and know what your goals are. And make sure that every deal that you underwrite aligns with those goals. Sam Wilson (00:05:27) - Yeah, absolutely I like that. And you know, raising capital is getting immeasurably more difficult. I mean, I've not heard anybody come on the show here in the last six months and they're like, oh, man, 2023 has been just super easy to raise money. People are just flush with cash. No, people are holding it tight and they're going, oh, crud, we don't really know what's coming down the pipe. So let's, you know, let's let's sit tight with our cash and just wait. So that's that's a really interesting point, Sam. Gino Barbaro (00:05:53) - You say people are flush with cash. There are a lot of people with cash. They just don't want to give it to you and me. Sam Wilson (00:05:58) - That's it. Yeah, yeah. Let clarify. Yeah, exactly. You know. Gino Barbaro (00:06:01) - And I don't mean to cut you off, but I think that's an important thing. Gino Barbaro (00:06:04) - That's what happens when you go into recession. People are become afraid. That's why asset prices drop because there's less money in circulation. People are holding it then that's why the government doesn't like that. That's why they like lower interest rates. They want more euphoria in the market. When there's more euphoria, one of two things happens. Asset prices do go up, but it is easier to raise capital. You can't have it both ways. You can't have a ton of deals and easy cash. You know one of them is going to be lacking. So right now it may be the capital is lacking, but go out there, continue to make those relationships. And long term you're going to be all right with raising capital. Sam Wilson (00:06:36) - Absolutely, absolutely. But while we're on this, let's talk about what your views are in the market. I mean, you mentioned, hey, you should have all the tools in your in your tool belt ready at your disposal, from seller financing to syndication to using your own money to whatever it is. Sam Wilson (00:06:51) - But what are you where are we right now in the market, in the cycle, and what are the opportunities today? And what do you see coming coming ahead? Gino Barbaro (00:07:00) - I can tell you what we've done over the last year. In January of this year, we closed on 132 units in Knoxville. It was we had $450,000 seller finance note as part of that purchase. July we closed 105 units, and now in December we're closing on 96 units. So for us 300 units this year, excellent. Last year we had a total of maybe 80 units spread out over 4 or 5 deals. We had like a 16 unit deal. We had a 22 unit deal. So now we're seeing the opportunities are in these larger assets. Years ago, the last two years, they've been more difficult for these larger assets because you had private equity, you've had a lot of people come in with bridge debt and take a lot more risk. We're not bridge debt for us is buy right, manage right and finance right. And that finance right component is if you're trying to do short term debt, you've got to be very, very careful. Gino Barbaro (00:07:49) - Because when interest rates do rise, if they have their there's there's a problem. And that that's what's leading into the opportunity. There haven't been a lot of deals out there over the last 6 to 12 months. They're going to start coming because right now there's a lot of distress. A lot of people are just saying to themselves, here, here's the keys back, back to the bank. And there's a lot of quiet. There's a lot of hush hush going on right now. But I think from what I've been hearing from a lot of operators, a lot of people in the business, that there is going to be a wave of distress coming, and that's a good thing. And that's a bad thing, because the bad thing is, it may be hard to go out into, you know, get debt on these things because debt starts pulling back. So you may have to come up with more of a down payment. Terms may not be as great. But then there's the seller financing component, which we've already used once, and we had a second deal in the contract that had seller financing. Gino Barbaro (00:08:36) - So. The opportunities are self-financing, and I think the opportunities are that deals will come. And it all comes down to a seller's motivation. If a seller is not motivated and can hold on, they're not going to sell. But the ones that need to sell, that's where the that's where the the opportunity is going to be. Sam Wilson (00:08:52) - The ones that need to sell, I would imagine, to have debt terms that are not favourable. So how do they do seller financing if the debt they have is just bad? I'm going to call it bad debt, but that's the wrong term for it. It just has terms attached to it that are no good. So how does a seller do seller financing with debt attached to that property? That is not favorable. Gino Barbaro (00:09:14) - They won't that's that's not the type of seller financing deals that you're going to be looking for, which you're going to be looking for are the mom and pops that have been holding on to these deals. We've got a deal that's coming up in January. We've been hunting these people for three years, and all of a sudden they decided we want to sell in January. Gino Barbaro (00:09:28) - Well, why January? Well, what's going on in the world right now? We've got a war in the Middle East. We've got Ukraine that's been going on, we've got inflation. I don't believe the GDP numbers for a second. I don't care what you tell me. So I'm looking. All these people are seeing things. Two years ago they were saying to themselves, Jake and Gino, go fly kite. I love this real estate thing. I don't need to sell because if I sell, where am I going to put my money? Now the paradigm has shifted to like, oh, Jake and Gino, we still have health problems, but I think we want to sell because we just want our capital back. We don't want to continue to lose. And that's where I think the mindset is. And these these owners have owned the property for a long time. Their mom and pops, they're about $200 to $300 below on market rents. They haven't kept up. And they're the ones who have a lot of equity in this deal. Gino Barbaro (00:10:12) - That's where the seller financing are going to come in place. So when you're out looking at deals, make sure you look at those kinds of deals that you know what? They've got some equity in them. They've been they've been held by the same individual for 7 or 8 years. The deal is you're talking about they're going to be worked out by the bank or the banks taking those things over, or you go in as an operator and say, let me work directly with the bank, see if we can create some new types of bank terms so you don't get dinged on your foreclosure. I can take the property over. And oh, by the way, your LPs, they may get written down on this thing. So it's one of those things where it's going to go deal by deal specific. How do you provide value to that transaction? How can you help that general partner team without losing everything? And how do you help the bank by keeping this deal going. The problem is a lot of these general partners didn't operate these properties properly. Gino Barbaro (00:10:58) - So if you're a team that can actually manage these properties, run these properties and get them back to where they were, I'm sure that banks want to work with you, and I'm sure that general partnerships that have been sunk and having problems, they'll want to have that conversation with you as well. Sam Wilson (00:11:10) - Yeah, absolutely. Here's here's an interesting thought from a broker actually, that just interviewed this before I jumped on this show with you in New York City. And he was talking about how a lot how this kind of downturn, slash potential downturn is very different than the last ones, in the sense that he said the way that banks are handling distressed debt is very, very different right now. And maybe you can give some insight or some color to this from what you're seeing is that previously it was like, okay, hey, you know, we'll get this off of our books, we'll foreclose, we'll then sell this off, he said. Because of SVB. And what was the other bank that went belly up thing that sure. Sam Wilson (00:11:49) - There you go. Yes. Those two banks. He said, you know what we're seeing a lot of banks do now is it's real hush hush like and things that are distressed, like things are things are trading kind of, you know, under the radar. If you see any of that go on right now where banks are working stuff out with really, you know, flying the flying the flag. Tell everybody what they're doing. Gino Barbaro (00:12:07) - That's a great point. I'm not sure. But I know I've been talking to a lot of individuals in private equity. I spoke to somebody the other day. He has a quote unquote, what he calls a rescue fund, but more of a philanthropic where he actually keeps the GPS in on the deal, cuts them out drastically, but but keeps them in. Right. And I think he says he's underwritten over $1 billion worth of transactions in the last three months, underwritten. And he says there is a lot you he says you'd be amazed. And what happens is when people are in a general partnership and there's three or 4 or 5 general partners, the communication start breaking down and then they wait till the last second and then there's nothing that they can do. Gino Barbaro (00:12:43) - And that's what he's seen over and over and over again. And it really comes down to the health of the bank. If the bank is healthy, they can work it out. So they can work something out with you. They can take it back. But if the bank is not healthy, they're going to foreclose on you. They're going to get that thing off their balance sheet, and they're going to get rid of it one way or another. They want to be made hold of this thing. Banks don't want real estate. They're in. They are in the best business on the planet. They're securing their loans with an amazing piece of real estate, and they're making ten times on their money and lending out money that they don't even have in their vaults. On top of that, why would they want to own real estate? You know, that's that's the way I look at it. I've learned that real estate is not a good business when you're a bank. Sam Wilson (00:13:23) - I like that. That's funny. That's absolutely funny. Sam Wilson (00:13:26) - A great way to put that. And you're right, it is not a good business when you are the bank, because that's not the business they are in. Very, very cool. You've given us some insight, both on the way you guys have been taking down deals, the way that you can buy 25 units a year and really make a meaningful difference in your financial and your life future. We've talked about kind of your views on the economy and where things are heading. What what are some what are some other things here that we should really talk about, kind of relevant to what you guys are working on right now that you feel like listeners should hear? Gino Barbaro (00:13:57) - Well. Gino Barbaro (00:13:58) - I've really been stressing to people that if you're going to get into multifamily, are you going to get into any kind of investing? Please invest in your education. I've had that Maserati Mike moment where I always share with people. Back in 2005, I met a guy. His name was Mike. He drove into my parking lot at the restaurant. Gino Barbaro (00:14:15) - He's driving a nice gold Maserati, and he said, invest with me. And I actually met him through a friend and I invested in his deal, and it so much wasn't the deal that was bad. He was bad on top of that. But I didn't understand the investment myself. So I put 170 grand in a mobile home park. Year and a half later it blew up. And do you think I learned my lesson? Didn't went and did a went? And second investment was a strip mall in New York. I didn't know that either. And for me, that's when I got serious in 2008, I said, I need to find mentorships, I need to find some type of process or some type of framework. I didn't have one, didn't know one. And when I met Jake in zero nine, it's like, okay, I've got a business plan, I've got an understanding of how to invest. And when we came up with the buy right, the management and the finance right after our first deal, it's something where it's a repeatable process. Gino Barbaro (00:15:03) - You're looking at deals, and the only thing that really to us changes is the market cycle. As you're cycling through the market, you may buy different kinds of deals, but you still have to focus on managing these assets and you still have to focus on financing them properly. Things change years ago, who would? A multifamily with a credit union. I think it was unheard of five years ago. Now credit unions have really don't say taking them by storm, but we're doing our first deal, the credit union, in December, because all of a sudden, community banks are they've gotten a lot more expensive. All of a sudden they're calling loans because they need to go borrow funds. People are pulling money out of banks, remember, they're putting in T-bills and they're putting money in other, other areas where they're not in the community bank. And, you know, you're looking at Fannie and Freddie. Their rates are a lot higher. So what people need to understand is there's a process or framework to invest in anything, learn the process that fits what you're trying to accomplish and then follow that process. Gino Barbaro (00:15:54) - Don't jump into something without having a plan. Don't go into a forest without a map. Get the map and then go into into the forest. People ask me, hey, do I need to make money and then join a program? Or I need to join a program and then make the money? And for me, if you can't, if you don't join the program, how are you going to learn how to make money? You're going to make so many mistakes you're going to make. And I'm talking from personal experience here. You're either going to learn on the street, are you going to learn in the classroom? And I can promise you the classroom is a lot easier to learn a lot quicker. And man, when you have people who've done it, you just, you know, you mirror their success. Success leaves clues. Sam Wilson (00:16:32) - Oh, it absolutely does. No. And there's no doubt, and I can attest to that. Having had partners, coaches, friends that are way ahead of me in certain asset classes and said, hey, come, you know, just bring your experience to the table. Sam Wilson (00:16:44) - Partner with me on this from experience, have them review the deals ahead of time. What what we're buying. It's like, oh, I would have totally missed that. Well, there was 50 or $100,000 mistake. Thank you. And it's simple. Just simple phone calls. And all of a sudden you're just like, oh golly, man. So I hear you. That's that's really, really powerful stuff. Now you guys have a really cool coaching program, no doubt. What are some things, though, that maybe have been some surprise lessons that you've learned from people that have come into your group where you said, oh man, this is something I've learned from people that didn't expect. Gino Barbaro (00:17:20) - I mean, I think it's the type of people that we attract. I was always out there trying to convince people that multifamily is the best vehicle. It's a great place to put your money early on, and that's a hard boulder to push up a hill if I've got to convince you and then you come in, I don't want to be convincing people. Gino Barbaro (00:17:37) - So the people that we love to work with are people who are single family home investors, people who are fixing and flipping. They know real estate's great. They're just in the wrong vehicle to create long term wealth and to scale. For the most part, there are some people that can do it really well, but it's a lot harder with the single family home space. So what I've learned is you have to be you have to believe in the vehicle and behaviors are belief driven. So if you're already doing it, oh man, this is great, I think, Holy crap, I'm already doing single family. What do I need to learn about multifamily? There's certain differences. I think the second huge component that I learned over the last few years is investing in real estate is an entrepreneurial venture. I don't care what anybody says at Jacobs, you know, we say we create multifamily entrepreneurs. And what do we mean by that? As you start scaling your portfolio, you need to learn how to implement systems. Gino Barbaro (00:18:24) - You need to learn how to manage. Right. It's not just sexy about buying these deals and financing these deals. You have the child. It's a lot of fun. The process of making that child. The hard part is raising that child. And and it's I've had students join us. Go. I don't know how much money I'm making in a month, but I'm still buying deals. I'm like, time out, can you stop buying deals? And let's figure out how to manage these assets properly, because you've got a lot of people have dopamine hits. They keep buying deals, keep buying deals. They're not managing what they have, but they're but they've been taught, hey, bigger is better. Bigger is not always better if you don't know what's going on underneath the hood. So thinking about it as not just an investment, not just a piece of land or a piece of real estate you have out there, but that is a business you have right there and learn how to run that business. Gino Barbaro (00:19:11) - And once you learn how to run that business, then go on to the next one and start learning how to scale and put systems in that real estate business. Sam Wilson (00:19:19) - That's great. I like that, and that is man, that's a temptation. I think for everyone. I think I think all of us on some level are probably deal junkies where it's where it's always fun. It's always fun to see the next thing coming. But I think managing, like you said, is probably one of the biggest components. It's probably overlooked. Let's talk about that for just a second. What are some things you guys have done systems wise, managing your own properties that have made all the difference? Gino Barbaro (00:19:44) - Big shout out before I answer that question to Mike Dillard, big fan of Mike Dillard's. I'm finally getting him on the show. I don't know if you've ever heard of him, check him out. He has got a passive income course, and the reason why I'm mentioning him to you is you talked about deal junkies. If you're a deal junkie out there, it's all about the neurochemistry. Gino Barbaro (00:20:01) - It's all about the neuroscience that's going on in your brain. And one of the one of the one of the happy drugs is endorphins. Mike Dillards talking about this. He actually explained it to me. The four happy drugs. I'm an idiot. I couldn't understand that until Mike was watching the video. You got oxytocin, you got endorphins, you have dopamine and you have serotonin. So the endorphins are important because if you're a deal junkie, endorphins are more of like the status kind of drug. When you buy a deal, you feel like you're important, like you've got that extra 30 units. It's really important and it's part of our survival. And I'm not saying it's a good or bad thing, but let's pull back and say, well, why are we buying this next deal if we haven't done really good on this past deal? Let's take a look at why are we making these decisions. And it's important to understand what's going on through your neuro, through your neurochemistry. So go look up mike Diller, everybody. Gino Barbaro (00:20:48) - You're going to love the dude. He's really makes it. He just lays it out so easily for you. But to answer your question specifically as far as manage, right, when you're managing these deals, it's either third party or it's managing it in-house. And you need to look internally at yourself and say, yes, I want to own 3000 units the next five years. That may be difficult if you're going to manage yourself, because when you manage yourself, you need to hire employees and you need to scale that part of the business. When you're using third party, you have a lot less control, but it's a lot easier for you to scale because all you're dealing is managing the third party. You're not managing employees per se. For us, we just started out buying our own deals and managing our own deals. Jake wanted to get out of his W2, so he's like, I'll manage our first property. He liked management, so he continued to to manage along our deals. There's a couple of things that you need to do when you're scaling a management company or you're scaling a business. Gino Barbaro (00:21:43) - And I think the first thing that you really need to sit down and understand is you need to create some type of core values for yourself and every, every entity and every organization needs to have it. And the reason why I know that's true is I had one restaurant for over 20 years. It was a good restaurant in New York, excellent restaurant, but I couldn't scale it because there was no mission statement. I was not a leader, and I really didn't have any core values in that business. When Jake and I took over, we got stuck around the 300 unit mark. That's when we decided to, you know, do some scaling up, do some training with Gino Wickman. We did some work with Vern Harnish, and all of a sudden we started working on our core values. And from there you start creating a culture. You start being able to actually understand how to grow your business. And without those core values, how do you hire? How do you fire? How do you look at vendors, investors? That whole thing starts to become more crystal clear and who you want to work with. Gino Barbaro (00:22:39) - Back at the restaurant, those days where, hey, that employee sucks. It's his fault. It's her fault. It's never was never my fault. But I never set any expectations with the employees. They didn't know what to follow. They weren't any quote unquote rules. There was no culture there. And it felt more like a transaction. They'd come to work and they get paid. But that's all it was. You know, with I think the entities that we're creating, I think our employees are bought in. I think they really enjoy working with us. We have something called the Golden Ticket Club, where if an employee works for two years with us, they're able to invest in our deals dollar for dollar. That is an amazing. And I don't think a lot of people understand that. But they're investing dollars. No fees, no nothing. You're investing alongside us. So you put $10,000, you have X percent or whatever. The deal is worth going forward because we want them to materially participate in that deal. Gino Barbaro (00:23:25) - I want property managers to see the business model in action. So when we refi that money out and they get that big check, it's like, oh, this is what business is all about. And when they have ownership and you hear a property manager go, it's time to raise the rents. You know you're doing a good thing for yourself, but also for them because they understand ownership. They understand owning something and being part of something. Sam Wilson (00:23:46) - That's really, really cool. I love that, and that's and that's not the answer I would have expected, to be honest with you, is defining core values and mission statement. That's not not the one I would have would have predicted. You'd say, well. Gino Barbaro (00:23:59) - What did you think? What was what was your prediction? Sam Wilson (00:24:01) - I don't know anything outside of, you know, building systems or, you know, whatever it is, there's a there's a dozen other answers that you could probably have given, but those I think are where you've started is, is is an excellent foundation. Sam Wilson (00:24:14) - So I appreciate you taking the time to really shed some light on that. You know, this has been a blast having you come on the show today. I appreciate you coming back on for a second episode. It's been been a good time. I've learned a lot from you. If our listeners want to get in touch with you and learn more about you, what is the best way to do that? Gino Barbaro (00:24:31) - Jake and Gino go on there. You see all the podcasts, all the books, all the website, all the how to shows on there. Just go to the website, Jake and Gino and check us out. Sam Wilson (00:24:41) - Jake and Gino. I'll make sure to include that there in the show notes. And Gino, thank you again. I certainly appreciate your time. Gino Barbaro (00:24:47) - Thanks, Sam. Sam Wilson (00:24:48) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. Sam Wilson (00:25:01) - If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
Dive into the world of intentional living and self-awareness with our Pro Mindset® Podcast guest, Jason Yarusi who is a Keynote Speaker, Multifamily Investor, Entrepreneur, and Business Coach. He is also author of a successful lifestyle book, “Break Free: A Blueprint for Ditching Bad Habits and Achieving Lasting Success”. In this dynamic episode, Jason introduces us to his transformative "Live 100" concept, a philosophy centered around building a life of purpose and deliberate action. Jason draws insightful parallels between his experiences in football and life and emphasizes the importance of the invaluable lessons gained from doing hard things. He also uncovers the power of meditation as a tool for freeing the mind, fostering mental clarity, and enhancing overall well-being. The episode delves into the significance of building good habits that can autopilot your day, creating a foundation for sustained success. Join us on this enlightening journey as we explore the mindset and practices that enable Jason Yarusi to live his 100 and learn how you can apply these principles to elevate your own life! Make sure to leave us a comment and let us know how you liked the episode!
Whitney Elkins-Hutten of PassiveInvesting.com interviews Nick Stageberg in this episode. Nick owns and manages Black Swan Real Estate, a real estate investment company delivering exceptional returns. Today, Nick brings us into how he gracefully danced into the 34-unit Colby Manor in Rochester and acquired the property. He also shares how the property qualified for the insurance. Grab some insights from Nick's overarching business plan. Tune in to this episode today.
Grant Warrington, a seasoned investor with over 41 units under his belt, shares his journey, from starting as a handyman to becoming a successful commercial real estate investor and educator. He discusses the importance of creating content and leveraging social media to reach a wider audience. Grant also highlights his course, the Apartment Buying Blueprint, which equips individuals with the knowledge and confidence to venture into commercial real estate. Key Takeaways Content Creation and Relatability: Grant emphasizes the power of creating relatable content on social media. By sharing his experiences and knowledge in a simple and understandable way, he reaches a broad audience of aspiring investors who may not be familiar with commercial real estate. The Apartment Buying Blueprint: Grant's course, the Apartment Buying Blueprint, offers a comprehensive education on purchasing apartment buildings, especially in the 5 to 20 unit range. This course covers everything from property management to finding off-market deals, making it an invaluable resource for those looking to enter the commercial real estate arena. Off-Market Opportunities: Grant discusses the significance of off-market deals in today's competitive market. He shares his techniques for finding off-market apartment buildings, highlighting the importance of persistence and effective communication with property owners. Off-market opportunities can be a game-changer, especially in a challenging real estate landscape. Grant Warrington | Real Estate Background Principal at Warrington Capital Portfolio: 41 units personally owned 98 units as small % of GP Based in: St Petersburg, Florida Say hi to him at: Instagram Best Ever Book: How to Win Friends & Influence People by Dale Carnegie Greatest Lesson: Always camera main drain lines. Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys
Welcome To The Real Estate Underground Show #95! In today's episode, we have a special guest, Josh Cantwell from Freeland Ventures! Josh is a highly successful multifamily syndicator who has completed 19 apartment syndications, including a massive 730-unit property. Currently, his portfolio consists of 3000 units. Josh takes immense pride in his ability to identify value add properties and focuses on construction to maximize returns. His journey in real estate began back in 2001 when he caught the "real estate bug" and purchased his first duplex. As a former financial advisor, he learned the art of raising money, which proved to be invaluable in his real estate endeavors. In this episode, Josh shares his regrets about not diving into multifamily investing earlier. He discusses three pivotal phases of his life that led him to where he is today, experiencing both personal and financial freedom through real estate. Josh opens up about his battle with pancreatic cancer, which served as a turning point in his life, making him a more mature business owner and person. Moreover, Josh admits to making a significant mistake by not prioritizing cash flow investments and instead focusing on short-term gains. He also reveals insights into how he runs his business, creates awareness, and grows their capital stack, outlining six steps to success. If you're eager to learn more about Josh, his coaching program, or Freeland Ventures, visit their website at https://freelandventures.com/. They also host live events three times a year, where individuals can acquire valuable knowledge about multifamily investing systems. Whether you're looking to be a passive investor or explore other opportunities, freelandventures.com is the place to go. Don't miss out! Resources: Website: https://freelandventures.com/ Additional Resources: Website: https://www.clarkst.com Phone: (860)675-5800 YouTube: https://www.youtube.com/@clarkstcapital Podcast: https://bit.ly/3LzZdDx LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital
171. Behind the Scenes on Becoming A Successful Multifamily Investor
John P., an oil and gas engineer, opens up about his journey of overcoming fear to passively invest in multifamily syndications. By liquidating his 401(k) to dive into the world of real estate, he now holds 30 Multifamily properties in his portfolio, setting himself up for significant net worth growth during retirement. Click to Listen Now
Whitney Elkins-Hutton of PassiveInvesting.com interviews Will Matheson to share his insights on how he acquired the deal with the 21-Unit Creekside Villas in the Boone Market of North Carolina. He bought the property 7.6 million dollars paying 380 per unit in this luxury townhome. Will did not expect they had to increase the trash contract, but the due diligence was straightforward. He also explained how raising the equity was easier than expected compared to surveys. Tune in to this episode as Will Matheson shares his knowledge and insights in his deal on 21-Unit Creekside Villas.
Welcome to another episode where we dive deep into the dynamic world of multifamily real estate with a true industry powerhouse, Jason Lee. Jason is the President of JLM Real Estate, and his name carries immense weight in the multifamily real estate realm. With an unwavering commitment to excellence, Jason has become a trusted expert known for his prowess in facilitating property acquisition, sales, and 1031 exchanges. His track record speaks volumes, having successfully represented over 100 investors and masterminded transactions exceeding $250,000,000 in real estate sales throughout San Diego County. But Jason Lee is more than just a real estate broker; he's a hands-on multifamily investor with a remarkable portfolio. In the past 12 months alone, he's acquired over 15 properties, amassing a substantial portfolio worth over $35,000,000 in San Diego County. His achievements and industry insights have garnered attention, earning him features in prestigious publications like the San Diego Business Journal and Costar. In this episode, Jason delves into the intricacies of real estate investing, emphasizing value-add strategies, maximizing profitability, and navigating the complex world of financing. Whether you're a seasoned investor or just starting in the real estate game, Jason's expertise will provide invaluable insights on leveraging technology, securing loans, and much more. Tune in now and discover how to make smart real estate investments, as Jason Lee shares his wealth of knowledge to help you thrive in this ever-evolving industry. Don't miss out on this opportunity to learn from one of San Diego County's foremost real estate authorities! Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint HIGHLIGHTS OF THE EPISODE: 04:41 Jason talks about the top two ways to exit a property 34:54 Jason talks about what the trading up process looks like KEEPING IT REAL: 03:25 Real estate investor specializing in the multifamily 04:45 Real Estate Investing: Value Add and Time Frames 09:54 Value-adding vs. Deferred Maintenance 14:57 Maximizing value and profitability in real estate 19:51 Cost-effective renovations for real estate investments 24:53 Securing a loan for a property 29:55 Trading up: Steps and considerations 34:47 1031 Exchange and Real Estate Investing 39:51 Financing a Real Estate Investment 44:51 Leveraging technology and smart locks in real estate investing 51:42 What's next for Jason 52:38 We are OUT NOTABLE QUOTE (KEY LESSONS): “ Your biggest enemy when you trade up is time, because after you close, you have that 45 day window to identify that property.” - Jason Lee JOIN OUR MTR INSURANCE NETWORK: https://mtrinsurancenetwork.com/join/ Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE FOLLOW ME ON: Instagram: https://www.instagram.com/therealestateexperiment/ Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network Linktree: https://linktr.ee/therealestateexperiment WORK WITH ME: Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call Website: https://experimentrealestate.com/ #Multifamily #1031Exchange #InvestingStrategy #RealEstateInvesting
The Growthcast with Dallas Pruitt | Presented by The Multifamily Mindset
The Multifamily Mindset Podcast, hosted by Tyler Deveraux, delves into the inspiring journey of special guest George King as he transitions from a professional basketball career to real estate investment. King's story underscores the significance of financial discipline, networking, and the pivotal role real estate plays in achieving financial stability and quality family time. The episode also offers insights into a guest speaker's experiences in establishing a real estate team in San Antonio and pursuing sponsorships for multi-unit deals.Follow George King on Instagram HERE.Email George King for multifamily opportunities: George@committedgrowthcp.com Donate HERE to help with relief efforts from the Maui wildfires.Click HERE to purchase your tickets to PEAK Partnership 2024.Follow Tyler, Dallas and Jackson on Instagram:►Tyler Deveraux (@tyler_deveraux), CEO of Multifamily Mindset & Managing Partner of Multifamily Capital Partners►Dallas Pruitt (@dalpruitt), Founder of Growth Guide Co.►Jackson Campbell (@_jackson_campbell_)Invest With Us: https://mfcapitalpartners.comLearn With Us: https://themultifamilymindset.com
Hey! Pili Yarusi here.From aspirations of becoming a professional tennis player to working as a broker prior to the 2008 crash, Corri Golden has lived many lives and overcome adversity to become a multifamily investor.He's sharing how he consistently takes actions and prepares for opportunities like his recent partnership on 134 units in North Carolina.Listen in now!Connect With Corri GoldenWant to connect with Corri? Connect with him @CorriGolden!Want to Learn More About Multifamily Real Estate Investing?If you're an experienced real estate investor and you're ready to get around a community of active multifamily real estate investors who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Multifamily and see if it looks like a good fit. If it is, I invite you to join in. If you have any questions, please reach out!- CLICK HERE: https://7fm.7figuremultifamily.com/7fmgroup====================Want to continue your multifamily real estate journey? Here are a few more resources to check out...Multifamily Live Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://www.7figuremultifamily.com/multifamily-live-podcastFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/multifamilylive/7FigureMultifamily.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://www.7figuremultifamily.com/ Hosted on Acast. See acast.com/privacy for more information.
In this episode, Veena Jetti, an incredible multifamily investor and founder of Vive Funds, joins me to dive into real estate investment, personal growth, and inclusion. Veena has just surpassed $1 billion in transactions, primarily due to her dedication to both professional success and emotional well-being. She is a featured speaker at the upcoming Girlfriends and Business event, and today, Veena shares her insights on achieving a work-life balance, overcoming imposter syndrome, and navigating emotional labor. Veena is a huge advocate for diversity and inclusivity in traditionally male-dominated fields. Drawing from her experience as a woman of color in the finance world, she explores the importance of diverse voices in decision-making and its positive impact on companies. We touch on time management techniques, finding the right support systems, and cultivating a mindset that propels growth and success. Listen in if you're ready to take charge of your career, personal life, and impact on the world! IN THIS EPISODE, WE TALK ABOUT: - Why imposter syndrome will continue to manifest regardless of monetary success - Tips for structuring your day, outsourcing tasks, and prioritizing high-quality family time - How to release your guilt and allow yourself to focus on what truly matters - Understanding emotional and invisible labor within your relationships - The importance of diversity and inclusivity in businesses RESOURCES - Book rec: Fed Up by Gemma Hartley - Text DAILY to 310-496-8363 for daily manifesting affirmations and journal prompts. CONNECT WITH VEENA Follow Veena: @veenajetti Check out Vive Funds: vivefunds.com Join Veena's Facebook Community: Mastering Multifamily CONNECT WITH LORI Follow me: @loriharder Follow Earn Your Happy: @earnyourhappy Follow Girlfriends & Business: @girlfriendsandbusiness
Whitney Elkins-Hutten of PassiveInvesting.com interviews Elaine Stageberg, co-founder of Black Swan Real Estate, about her acquisition of the 129-Unit The Residence of Discovery Square in Rochester, MN. She dives into the intricate world of due diligence, value-add strategies, and the art of adaptive transformation, turning struggling commercial spaces into thriving residential havens. Throughout the episode, Elaine discusses the complexities, challenges, and triumphant moments of orchestrating a multifaceted deal that involves bank loan assumptions, securing favorable interest rates, and structuring financing to optimize the balance between risk and returns. She also reveals the nuances of effective capital raising techniques, meticulous risk management strategies, and the importance of fostering strong relationships within the real estate industry. Tune in to learn more about the intricacies behind the journey of the 129-unit Residence of Discovery Square and the strategic brilliance that propelled its success.
Whitney Elkins-Hutten of PassiveInvesting.com interviews Brian Briscoe, a multifamily investor and host of Diary of an Apartment Investor, about the 61-unit Highland Grove Portfolio in Akron, Ohio. Brian shares his background in real estate and how he got into multifamily investing. Next, they talked about the Highland Grove portfolio in detail, including how Brian joined the team late in the planning process, the difficulties they had in getting funding, and the extended time it took to close the deal. Brian talks about inspecting a property with 61 units on 13 tax parcels and how they addressed access to all units during the due diligence process. Additionally, they delve into finding a lender and insurance for a property of this structure. Tune in and learn the complexities of multifamily investing and how to overcome unique challenges in closing a deal.
The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli
Rebecca Moore embarked on her real estate journey by investing in single-family homes. As his husband, a Naval Officer stationed in various locations, Rebecca seized opportunities to acquire properties in those areas. Recognizing the potential to make a greater impact, she founded Starboard Equity in 2012, focusing on scaling up to multifamily investments. Today, Rebecca manages an extensive portfolio of thousands of doors and oversees the syndication of multifamily assets worth millions of dollars. Her passion lies in empowering others and allowing them to concentrate on what truly matters to them. In this episode, Rebecca discusses her creative financing techniques, asset management approach, and strategies for success in today's market. Rebecca offers advice on making powerful investment decisions, avoiding comparison with other investors, and understanding the market and asset class. She highlights the significance of organic rent growth and loan financing for saving money, as well as maintaining strong communication with property management. Join us for this empowering conversation on multi-family investing and be inspired by Rebecca's story! Quotes: · “We can't compare our journey to others. We are on our own path.” (03:04 – 03:09) · “Real Estate is all about giving a great product. Not only to my tenants who live there but to our investors. That is very important to me.” (21:23 – 21:34) · “The way you do one thing is the way you do everything.” (26:18 – 26:20) Connect with Rebecca: Website: Starboard Equity LinkedIn: Rebecca Moore Instagram: @starboardequity Resources Mentioned: · The Power of Positive Thinking by Norman Vincent Peale How To Join the InvestHER Movement 1) InvestHER CON 2024 Austin, TX Omni Barton Creek Resort June 3-4 - "ALL IN – It's Time to Thrive” Here is what you can expect at InvestHER CON 2024: Pre-event network, 2 full days of transformational experiences, access to over 20 Sessions with Keynotes and Speakers, recordings from all sessions, access to investors, mentors, and influencers, mindful networking, opportunities to connect with our sponsors + vendors, coffee and lunch included, Final Reception: Red Party, Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa, Exclusive Breakfast for STRIVE members only. "InvestHer CON was truly a transformative experience. I have felt so alone for so long and now I feel like I have a community of support. I don't have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at." - Heather Giammichele Join us in. Click here to get your ticket today! 2) InvestHER Community on Facebook : a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level. Click here to apply today! 4) InvestHER Meetups Around the Globe : attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you HERE! 5) The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here. 6) InvestHER™ ORG with eXp : all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Click here and schedule a discovery call! Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to Apartment Syndication Made Easy Podcast. In this captivating interview, Vinney Chopra sits down with Vlad Arakcheyev, a former graphic designer who defied the odds and became a successful multifamily investor. Join them as they delve into Vlad's incredible journey, where he harnessed the power of mindset and honed his sales skills to unlock a world of opportunities. From navigating the challenges of COVID as a real estate agent to exploring the realms of flipping, wholesaling, and ultimately venturing into large multifamily deals, Vlad's story will inspire and motivate you. Learn how he conquered his fears, embraced mentorship, and developed his sales and negotiation prowess. This interview is packed with invaluable insights that can help you unleash your own potential and embark on the path to financial freedom through multifamily investing. Get Your Free Copy of The International Best Selling Book https://apartmentsyndicationmadeeasy.com/freebook Watch the Full Video here: https://youtu.be/QghbsgNbPpw Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675 INVEST with Vinney [Accredited Investors ONLY]: https://vinneychopra.com/invest/ https://www.accreditedinvestor.blog/book-a-call LEARN from Vinney: https://vinneychopra.com/mentoring Want more information about value-add multifamily investment properties? Click here: https://multifamilymentor.blog
In today's Ritter On Real Estate episode, we chat with Eddie Ring. Eddie is the founder of New Standard Equities and serves as its Chief Executive Officer. He has ultimate responsibility for NSE's investment strategy, operations, risk management, and investor relationships. He has over 25 years of real estate and financial consulting experience, with 16 years of dedicated investing and operating experience in the multifamily sector. Under Mr. Ring's leadership, NSE is known as a full-service, vertically integrated organization, and a leading investor of multifamily properties primarily located in the Western U.S. including Seattle, Northern and Southern California, and San Diego. Welcome to the show, Eddie!Key Points From The Episode: - Eddie's background, working as a comedy writer before discovering real estate investing. - How fatherhood changed Eddie's perspective on work and time freedom.- How Eddie scaled NSE to the large size it is today.- What Eddie learned working for other multifamily firms before starting his own.- Pros and Cons of in-house property management. - How Eddie grew his team strategically. - NSE's Investment thesis, how Eddie evaluates potential deals.- Understanding supply and demand in California's market. How politics impact developments.- Rent growth overbearing income growth.Books Mentioned:- Start With Why by Simon Sinek
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