Multifamily Legacy Podcast
265 episodes — Page 3 of 6
170: How Things Can Go Wrong In Real Estate
ENot everything is palm trees and sunsets in real estate. Today we are going to talk about the dirt of the business. Listen to this episode as Chad Sutton shares stories about deals that went wrong and the lessons learned from them. Topics on Today's Episode What big investors care about Programming your capital Asking for a higher minimum of investment Structuring a deal incorrectly Understanding where your investors' money comes from Books mentioned Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich About Chad Sutton Chad works for Quattro Capital, where he spends most of his time working with Brokers and putting deals together in the multifamily space. He leads a team of Alliance Partners with whom he works very closely to coordinate the negotiation, underwriting, due diligence, and debt origination of their acquisition pipeline. Connect with Chad Website: www.thequattroway.com Instagram: @thequattroway Quotes ''Life happens, timing is everything'' -Chad Sutton ''Time heals all as long as you can cash flow" -Chad Sutton Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
169: The Power Of Leveraging And Why Partnerships Matter
The easiest way to make things change in your life is to partner up with someone who's already succeeding and add value to them. Listen in as Samson Jagoras shares the impact that networking and good partnership made in his business, and how he transitioned into living a life by design. Topics on Today's Episode How to find the right team members The importance of setting up the right systems in place What good partnership looks like Adding value and building connections and bonds Living life by design Being consistent Books mentioned Traction: Get a Grip on Your Business THE AMERICAN JUBILEE The Bit Coin Standard: The Decentralized Alternative to Central Banking About Samson Jagoras Samson is a commercial real estate broker, VP of Strategic Investments for RE/MAX Commercial Alliance, and the founder of Growth Vue Properties. With over 13 years of experience, he has served as a Futures & Commodities broker, actively invested in real estate, and acted as the Chief Strategy Officer for Madwire, a technology company. He's also the founder of the Passive Power Group where he educates investors on how to invest in passive multifamily real estate. Connect with Samson Website: www.samsonjagoras.com Instagram: @samson.jagoras Facebook: Samson Jagoras Real Estate Quotes ''Right people on the right seat.'' - Samson Jagoras ''Consistency is a superpower.'' - Samson Jagoras Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
168: Choosing The Right Asset Management Firms
EAsset management is not talked about enough, but it is actually where a lot of the money is made in this business. On this show, our guest Kyle Mitchell shares strategies, tricks, and tips to make real estate exciting and profitable. Topics on Today's Episode What is Asset Management and how it works?? What asset managers do Setting up the right systems in place Why you should find a property management company in advance How to find the best property management firms? Raising capital Books mentioned Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom Shoe Dog: A Memoir by the Creator of Nike About Kyle Mitchell Kyle Mitchell is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $41MM AUM. He is the Managing Partner and Co-Founder of APT Capital Group and the Asset Management Summit, where their mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Kyle is also the co-host of the weekly real estate podcasts, Passive Income through Multifamily Real Estate & Asset Management Mastery, where he speaks with various experts in the real estate industry to help educate and create clarity for passive investors and new operators. Connect with Kyle Website: www.aptcapitalgroup.com Quotes ''No one cares more than you'' - Kyle Mitchell ''What you track gets paid attention to, what you don't track, nobody cares'' - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
167: The Basic Concepts Of Fund Structures
Learning how to raise money can allow you to get into other people's deals, add value, and get general partner ownership. We will get into the details today with our guest, Ike Mutabanna. He explains all aspects of fund structure, including taxes, liability, and third-party property management companies, and investors. Topics on Today's Episode What is a fund structure and how it works? Pros and cons of different fund structures How to protect your investors' data Fund of funds structure Raising funds for multiple properties Books Mentioned The Power of Zero: How to Get to the 0% Tax Bracket and Transform Your Retirement Copy Your Way to Success: Standing on the Shoulders of Giants About Ike Mutabanna As the founder of WealthChakra, Ike Mutabanna has been helping investors build wealth through large-scale real estate projects. Through his community approach and creative funding structures, investors are able to create their own groups or join trusted groups to benefit from these projects. Ike is a partner in over 3,000 multifamily units in Texas, Florida, and North Carolina. He has also invested in a portfolio of office assets across 8 states, and a variety of specialized development projects in Arizona, Ohio, and Georgia. Connect with Ike: Website: Wealth Chakra E-mail: [email protected] Quotes: ''Time is more valuable than money.'' - Corey Peterson ''Real estate has given me time to spend on the things I really value, which is family'' - Ike Mutabanna Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
166: Taking The First Steps In Real Estate
We have Darin Batchelder today who talks about his first steps in real estate and how he overcame the fear. Tune in to learn how important it is to partner up with experienced people and get tips on how to get into the business. Topics on Today's Episode Darin's journey from being in a corporate world to multifamily real estate Broker connection The fundamentals of real estate Building relationships with partners Understanding the stock market How to get into the real estate business Book Mentioned Tools of Titans - Tim Ferriss About Darin Batchelder Darin has been in the whole loan trading business for the past 16 years and is responsible for trading over $4 billion in loan sales. He's the business owner of TZK Capital since 2007. His company focuses on trading high credit quality performing real estate loan portfolios between banks including residential, multifamily, and commercial estate loans. Connect with Darin Website: www.darinbatchelder.com Instagram: @batchelderdarin Facebook: Darin Batchelder YouTube: Darin Batchelder Multifamily Real Estate Investing Quotes ''If you have that in your gut, you have to get past that fear and take that step'' -Darin Batchelder ''Don't fall in love with the property, just fall in love with the numbers" -Corey Peterson ''When it's scary, that's when it's good'' - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
165: What Loan Brokers Can Do For You
To be successful in business and life in general, you need to be surrounded by honest and upright A-players. In today's episode, we will bring you nuggets of wisdom on how loan brokers can help you and what kind of lenders to avoid. Join us and get some interesting insights into the lending business from our guest, Eric Stewart, the owner of Atlantic Business Capital, Inc. Topics on Today's Episode Understanding the current lending market Expectations on rates Different types of loans Creating a financial picture What types of lenders to avoid Role of communication Link/Resource Mentioned Blinkist Book Mentioned Never split the difference About Eric Stewart Eric Stewart is the owner of Atlantic Business Capital, Inc. a full-service commercial lending advisory & brokerage firm. Eric has been structuring finance solutions for both commercial real estate investors and business owners since 1996 with products ranging from equipment leases to commercial real estate loans as well as assumption representation & consulting. In addition to providing debt & equity solutions to commercial real estate investors, Eric currently holds partnership interest in multifamily assets throughout the Southeast & Midwest. Connect with Eric Phone: 800-916-2005 Website: Atlantic Business Systems Inc E-mail: [email protected] Quotes ''It's all about cash flow'' - Eric Stewart ''Every loan is its own unique living thing'' - Corey Peterson "It's all about long-term relationships" - Eric Stewart Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
164: Turning Adversity Into Opportunity
ELosing is one of the most infuriating feeling in the world and no one wants to lose but it is necessary for learning. Failure is part of the process of success and with the right attitude, losing can be won. Stay glued to this episode and gain some golden nuggets about how to handle this emotional roller coaster and turn failures into an opportunity. Topics on Today's Episode: What it feels to lose a bid and how Corey handled the situation Golden nuggets on the experience Proof that losing can be turned into winning in the end Handling the loss with the right attitude and a winning mindset The beauty of the real estate game Quotes: "Be willing to take the losses so you can have some winners" - Corey Peterson "Losing is part of life"- Corey Peterson "Have a life that is beyond blessed and measure"- Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
163: The Launching Of Investor Fuel Cashflow Groups
Today's episode is remarkable and one for the books as we are announcing the launch of the Investor Fuel Cashflow Group, which caters to everyone wanting to have a community with like-minded individuals. Either you have just started out investing, or having 100 or a thousand doors we have groups that basically fit everybody, this merger has one goal in mind: to go big and create the best multifamily investor space ever bolted on to the Fuel Family. To know more about Investor Fuel Cashflow Groups, stay glued and listen to this episode. Topics on Today's Episode: What Investor Fuel Family is NOT The two groups in Investor Fuel Cashflow Groups An activity that brings both groups together The things that Mike love about multifamily investing versus single family How to get into the Investor Fuel Cashflow Groups Links and Resources Mentioned Investor Fuel Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Quotes: "More opportunities when the group grows" - Mike Hambright "Investing, in general, is the best thing since slice bread" - Corey Peterson "If you believe it, you can achieve it" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
162: The Fundamentals Of Raising Private Capital Money
Sooner or later, we all run out of our own money to invest in real estate deals. We are out there looking at different investment opportunities and finding a gem. This is why having the ability to raise private money for real estate investments is one of the most important skills you can develop as a real estate investor. But the problem is, talking to people about money can be awkward and uncomfortable, and our guest today will help us learn the ropes in raising private capital money. Matt Faircloth has been a full-time investor for 15 years. At that time, he has successfully completed projects involving dozens of fix and flips, office buildings, single-family homes, and apartment buildings. He has now completed over $60,000,000 in real estate transactions and controls over 1150 units in multi-family. He is a regular contributor and podcast guest on Bigger Pockets.com, has an active YouTube channel dedicated to educating investors, and the author of the Amazon Best Seller, Raising Private Capital, how to Build your Real Estate Empire with Other People's Money. To learn more on the basics of raising your first private capital money, listen to this epic podcast. Topics on Today's Episode: Matt's background and how he became a real estate investor The influence of Matt's book Why continuous learning is important Other ways to achieve wealth The importance of sticking to a plan How to raise private capital? The importance of avoiding real estate jargons How COVID-19 surprised everyone in the real estate industry Matt's success story even during COVID How cash management works Matt's nitty-gritty dirt story Advice to anyone new in the business Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Books mentioned: Rich Dad, Poor Dad - Robert Kiyosaki Raising Private Capital - Matt Faircloth Can't Hurt Me - David Goggins Blinkist app Quotes: "Not all money is the same" - Matt Faircloth "Dragon lady was real" - Corey Peterson "I always put money way above me" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
161: Transformational Story Of Success At A Very Young Age
Life is not a race as they say. Some people found their success in their 30's, 40's, 50's, 60's and some even in the late stages of their life. But only a chosen few are the exception to the rule. One of them is our guest who is out there raising multi-millions of dollars in his early 20's. Kyle Marcotte is a 22-year-old multifamily syndicator. While Kyle was still a premed student and Division 1 Soccer player at UC Davis, he was able to syndicate two multifamily apartment buildings. These two deals totaled 119 units and are valued at over 5.5 million dollars. Today Kyle focuses on 100+ unit multifamily deals in the Austin market. Be inspired and be motivated by Kyle and find out what it really takes to become successful and attain financial freedom at a young age. Topics on Today's Episode: Kyle's background and how after reading a book pointed him into investing Dropping out of med school How Kyle made the jump from med school to real estate Things learned while working in a senior living facility Learning more stuff about real estate by reading several books Persevering through multiple rejections How to build the confidence to get up on stage? What Kyle brings when talking to people Kyle's confidence level after raising his first private money Dreams and goals A Few tips to those who decide to stay in school A piece of advice to the listeners Links and Resources Mentioned www.kylemarcotte.com Own Your Time Podcast on Apple Podcasts Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Books mentioned: Rich Dad, Poor Dad - Robert Kiyosaki The Compound Effect - Darren Hardy Quotes: "If I make more, I'm gonna be taxed more" - Kyle Marcotte "To get where you wanna go, you've got to do things most people are never willing to do" - Corey Peterson "There's nothing like stupid money" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
159: How The Investment Money Game In Asset Management Works
EAsset management refers to the management of investments on behalf of others. The process essentially has a dual mandate - appreciation of a client's asset over time while mitigating risk. Coming in hot is our guest, Karen Oeser. She has been doing multi-million dollar portfolio management for over 25 years. Prior to launching East Light Investments, she managed over $150 million in fixed income assets for Hart Capital Management, Inc. while also juggling the role of Chief Compliance Officer. As a serial entrepreneur, Karen has launched and successfully sold several communications businesses, including a boutique investor relations company, Ripple Effect Communications, which continues to thrive as a full-service public relations firm. She later headed Ashton Partners' east coast practice, where she was responsible for developing new business and providing strategic counsel to investor relations clients. Stick around until the end of the podcast to learn more about asset management and how the investment money game works. Topics on Today's Episode: Karen's background and backstory Learning and understanding Alternative Investment Exploring corporate bonds Stock market vs Multifamily properties The fixed-income investor Single-family vs Multifamily real estate investment encouraging younger generations to be financially literate Karen's Mastermind program for women Links and Resources Mentioned East Light Investments – Specializing in Multifamily in the Carolinas Financial Literacy for Her - Home https://www.finliteracyforher.com/ Financial Literacy for Her's (@finliteracyforher https://www.linkedin.com/company/financial-literacy-for-her/ Phone number: 8645511820 Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Books mentioned: Rich Dad, Poor Dad - Robert Kiyosake Quotes: "Fundamentals exited the stage, left a long time ago in the stock market" - Karen Oeser "I love how you're setting this up because that is the cat's meow, right?" - Corey Peterson "What's your why?" - Karen Oeser "A rising tide lifts all boats" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
158: Should You Invest In Mobile Home Parks?
Joining us in our episode is the amazing Paul Moore. Paul's got a really interesting story. He did a little stint at Ford Motor Company and co-founded a staffing firm where he was a finalist for the Michigan Entrepreneur of the Year two years straight. After selling the staffing firm to a publicly-traded company, he began investing in real estate. He is currently a co-host of two highly recommended podcasts, namely, How to Lose Money and The Art of Investing, and a contributor to Fox Business and BiggerPockets. Paul is also the Managing Director of three commercial real estate funds at Wellings Capital. Stay glued to this show as Paul Moore shares his money-game story and he will give us clues on where to find the money and give us more ideas about Mobile Home Parks. Topics on Today's Episode: Mobile home parks: Is it the way to "Nirvana" How to get in and improve mobile home parks How Paul sees the future with regards to multifamily and mobile home parks The demographics in the mobile home parks How to add value to mobile home parks Links and Resources Mentioned www.Wellingscapital.com How To Lose Money – Failure for the most part is predictable, and anything that is predictable is generally avoidable. Kahuna Boardroom Join Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Books mentioned: . The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing - Paul Moore Quotes: "To get success, you gotta fail a lot" - Corey Peterson "Build your ideal life as you go, not when you get there" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
157: What's Going On In The Marketplace And How Are We Gonna Win in 2021
The year 2020, for most people, was probably the worst year we have ever experienced. Businesses across different sectors are greatly affected and a lot of jobs or income was lost. But there is a light at the end of the tunnel. Vaccines are now rolling out and businesses are slowly and surely opening up. In our episode today, we are going to talk about how to bounce back in 2021. Joining us in today's episode is David Lindhal. Dave is the Founder and CEO of RE Mentor. Starting with very little money and a desire to change his and his family's lives for the better, Dave began his real estate investing journey. Fast forward to almost twenty years, and Dave has bought and sold over 8,200 real estate units from foreclosures, short sales, wholesale deals, lease options, and rehabs with single family, multi-family, and commercial properties. In an effort to help anyone who has an interest in changing their lives through real estate, Dave created RE Mentor. Listen to this episode in its entirety to learn what's going on in the real estate market and discover how we are going to be successful in 2021. Topics on Today's Episode: David recalls the time when Corey flew all the way from Phoenix to Boston just to have lunch How good things come when you feed your mind with positivity How to win the market this year? Different opportunities this time of COVID David talks about micro repositioning Advice to aspiring multi-family investors Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Multifamily Deals App Podcast RE Mentor™ - Your Real Estate Mentor Books mentioned: Free book at www.davetoday.com Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Quotes: "Some people see it right away, some people never see it, unfortunately" - David Lindhal "That's when the naked men at the beach at low tide becomes exposed" - David Lindhal Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
156: How A Mompreneur Doctor Built An Empire
No matter where you are, no matter where you're at, the business of real estate investing is very doable. You do not have to wait to retire for you to start investing. Today's guest is Dr. Erin Hudson, an accomplished ten-year entrepreneur as well as a wife and a mother of five. She is the proud owner of Hudson Wellness Centers in CA providing chiropractic services and serves as a director for a team of 30+ employees. Aside from being a chiropractor, she is a successful real estate investor with a track record spanning five years, as well as asset manager of a $19.5 M real estate portfolio for which she raised over $ 3M in capital. Let's listen to this episode as Dr. Erin learned what it was that the wealthy were doing and eventually created more time and financial freedom. Topics on Today's Episode: Erin's background and how she got into real estate investing How her business coach's advice opens up her schedule and allows her to dive deeper into the real estate space. How she initially started even without money What is a double closing? The power of surrounding yourself with mentors How Dr. Erin felt when she first raised her $2M Plans for 2021 Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook LoopNet: Commercial Real Estate for Sale, Lease, Auction Quattro Capital .Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Quotes: "What you put your mind to really matter." - Dr. Erin Hudson "Bottom line is, who doesn't want their money duplicate in five years?" - Dr. Erin Hudson "We're supposed to be that bright light on a hill and showing not just for ourselves but for our children" - Dr. Erin Hudson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
155: How Hiring the Right People Makes All the Difference
When you want to scale your business, one of the biggest challenges is hiring new people. It would take a ton of your money, time, and resources just to get them up to speed to your business. Our show's guest is no other than Tony Javier. He is known as one of the top Residential Real Estate Investors in the U.S. and a speaker/trainer. Tony started his Real Estate Investing career in 2001 in Wichita, KS but now resides in San Diego, CA while his team runs his Real Estate Investing operation back in Kansas. Tony now dedicates his time to helping other Real Estate professionals grow their businesses. He focuses on working smart by surrounding yourself with the best people, automating your processes and more importantly investing in the most important Real Estate you have; your mind. Join us in our episode today, as our guest Tony Javier, talks about how hiring virtual assistants make his business run smoothly. Topics on Today's Episode: Tony's background and how he started buying properties with no money down How Tony raised his first private money Tony talks about his failed partnerships How hiring the right people made a massive change in his business Tony's recommendations when scaling up Tony's method in formulating their systems and procedures What Tony would have done differently in his real estate journey Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook LoopNet: Commercial Real Estate for Sale, Lease, Auction Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 www.REMmastermind.com Books mentioned: . Who Not How by Dan Sullivan . No Down Payment by Carleton H. Sheets Quotes: "You have to have good people in your business" -Tony Javier "Do what you say you're gonna do, always leads to more money " - Corey Peterson "If you believe it, you can absolutely achieve it" – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
154: The Basics Of Multifamily Investing: Operations: How to Make Money in this Business (Part 5 of 5)
Have you been wondering how the business works? The 5th part of our Back to the Basics series talks about how to make money in this business. Learning how to operate your business is so critical now than ever because if you do this wrong everything you have been building up can quickly go down the drain. Let us join Corey as he teaches us how to execute your vision and your plans for your company and how he can help us in navigating the pitfalls of the business. Topics on Today's Episode: How Corey hired a property manager from Atlanta while the property was in Arizona Why it is a bad idea to self-manage your property How 2 months makes a difference when hiring the right property manager The difference between regional management company and de-centralize hub approach What to ask your management company Understanding how to change the perception of a property quickly Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook LoopNet: Commercial Real Estate for Sale, Lease, Auction Join us for our Virtual Apartments to Millions Summit. Text "A2M" to 480-500-1127 Quotes: "In my company, a hundred percent is the gold standard " - Corey Peterson "I don't want to hear you say it, I want you to prove it to me " - Corey Peterson "If you believe it, you can absolutely achieve it" – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
153: The Basics Of Multifamily Investing: How To Underwrite Properties (Part 4 of 5)
Today we are going to dive into a little bit more of the underwriting side of how to underwrite properties. We are going to give out tips and some rules of thumb on how we do underwriting at Kahuna Investments. We are going to share our insights on what conservative underwriting should look and feel like. Topics on Today's Episode: Why do we underwrite? How emotions play a significant role in buying decisions Putting numbers in your calculator Rules of thumb for your expense side What to underwrite your closing cost Links and Resources Mentioned LoopNet: Commercial Real Estate for Sale, Lease, Auction 135: The Importance Of Having A Trusted Mortgage Banking Ally Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Join us for our Virtual Apartments To Millions Summit. text "A2M" to 480-500-1127. Quotes: "We underwrite to make sure the juice is worth the squeeze " - Corey Peterson "If you're on the gas when you're supposed to do it a little slower, then there could be some problems in Mexico " - Corey Peterson "If you're sleeping like a baby, because chances are, you're not." – Corey Peterson "live this lifestyle of sunsets and palm trees" - Corey Peterson "You live and you learn" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.
152: The Basics Of Multifamily Investing: How To Get Deal Flow (Part 3 of 5)
As the pandemic brought the world almost to a complete stop, plenty of opportunities for potentials deals are also opening up. Today's episode talks about how to find lots of deal flows. We are going to discuss how to get them and how to seek them out and we are going to explore the difference between good deals and great deals. Topics on Today's Episode: Know the difference between single-family deal flow and multifamily deal flow. There is no secret on how to find deals How the "big boys" find their deals? Tried and true method on how to find deals A couple of ways to getting unlimited deal flow The need to create relationships Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook LoopNet: Commercial Real Estate for Sale, Lease, Auction 135: The Importance Of Having A Trusted Mortgage Banking Ally Join us for our Virtual Apartments To Millions Summit. text "A2M" to 480-500-1127. Quotes: "Sift through a bunch of crap to find the golden nugget" - Corey Peterson "You absolutely have to kiss a lot of frogs" - Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson "I stand at the door and knock all you got to do is open and figure it out it's not hard" - Corey Peterson "Today is the day that I'm not going to fail" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
151: The Basics Of Multifamily Investing: The Secret Language of Multifamily Investing (Part 2 of 5)
Today, we're gonna talk about the WORDS that you've got to know, you've got to understand to make sure that PEOPLE, your BROKERS, VENDORS and other related jobs don't think that you are a NEWBIE in this game! These MAGIC WORDS will help you to LOOK, SOUND and FEEL like it's not your first time in this business. To do that, you need to understand the LANGUAGE because it is different from the SINGLE FAMILY INVESTING WORLD! Topics on Today's Episode: Understand the importance of the secret language of multifamily investing and why it really matters? Refresh and re educate yourself with the Magic words that are used in the Multifamily world. 2 Ways to drive NOI (Net Operating Income). The 3 Types of Main Plays in Talking with Brookers. Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Change your life for the better" – Corey Peterson "Everything you desire, claim and own it." – Corey Peterson "Be on Board. Take a piece on that CHARITY"- Corey Peterson "Remind yourself daily of that dream and focus on it" – Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
150: The Basics Of Multifamily Investing: How To Raise Private Money (Part 1 of 5)
EBuckle up, buttercups! Let's get ready for another ride! Today is the start of our 5-week program to go back to the basics of multifamily investing and the core things that we need to master to grow this business and live a life like no other. Most investors know that finding deals is one of the pillars in starting the multifamily space. However, for this episode Corey Peterson is going to dive deeper on how to raise private money. It's way more valuable to be able to bring capital than it is to find a deal! If you also want to achieve a lot more zeros behind your net worth, tune in to this episode and learn to master this subject now! What you'll learn today truly matters and is pivotal for your growth. Topics on Today's Episode: How do you raise money and where do you find it? The Do's and Don'ts in raising the money What does it take to get a massive amount of capital and how can you accelerate that process? The transition process from being a financial advisor to a multifamily investor What is a "credibility kit" and what is usually in it? Understanding the reason why a story is vital in creating a legacy wealth Importance of choosing and having an Avatar Solid rates of return for investors with a strong back end How's the market treating you? Links and Resources Mentioned Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "You have to believe that you can do it." - Corey Peterson "You have to commit in your mind that it is the best way, the only way and your way!". - Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
149: How You Can Be Successful In Real Estate While On Fulltime Job
Do you believe that a normal person like you, who works a full time job at another company, can still greatly achieve your financial freedom? If so, HOW? Today's episode is extraordinary! Prashant Kumar is here with us to share his journey to legacy wealth while working full time in an IT company. Prashant Kumar is an Enthusiastic, Passionate and Goal-oriented Multifamily Operator. He's the Founder and Managing Partner of MyRealtyGains.com. He's been in the real estate industry for 5 years now and currently owns over 1,200 units. He applies his 25+ years of experience in corporate America to analyzing Income & Expenses, calculating Net Operating Income (NOI) and calculating Purchase Price based on NOI and Market Cap Rate. Tune in to this show and learn how to unlock the secrets to this journey. It takes a lot of courage and commitment to shift your mindset and take a step forward towards your financial goals. It may sound quite difficult to get there, but definitely possible! Topics on Today's Episode: How did you get into real estate and how you got to where you are at now? How did you unlock and get through getting so much wealth in just a short time? How did you transition from single family to multifamily? What are the 2 fundamental things in this business? Understanding the financial game and the niche of investing passively in apartments? Understanding the importance of your avatar Where do you say the majority of your money comes from? What is it about that asset group that you like the most? When you get to make investor's money, how does it feel? How much money do you think is out there looking for people like us? What does it mean by "Assisted Living"? What books have impacted your life that you would like to share? What is the biggest thing you have done in raising capital? What piece of advice and inspiration do you want to leave the audience with? Links and Resources Mentioned: https://myrealtygains.com/ https://multifamilyrealtygains.com/ Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: " It's not so much about your wins, but so much of your losses that create the real experience". - Corey Peterson "He who has most of the money makes the rules." - Corey Peterson "The narrower the message, the finer the message you're gonna get." - Prashant Kumar "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
148: Doing A Deal Straight With The Seller
We all know that brokers play a vital role and relevant piece of the puzzle in real estate business. However, there may be times when you need to contact the seller directly to find the best deals. Listen to this episode as Chris Roberts shares his wisdom and unique experiences on how this process works. Today's episode is also a phenomenal story of achievement where Chris shares his journey in real estate and as he realized he needed his capital to work hard for him, he went through the process of learning the multifamily space. Topics on Today's Episode: How did Chris Roberts get into real estate business at a very young age? Maximizing the return on time and leveraging time and skills. How does Chris Roberts run his team and how big is it? Finding out your value proposition. Importance of outsourcing virtual assistants (VAs) to do certain tasks and processes In dealing straight with the sellers, what are the processes and how does it work? Pros and cons of dealing directly with the seller How can you somehow get into the seller? Building rapport and relationship with the seller. Any new book that is inspirational lately? What would you advise to those who are looking into the multifamily world? Links and Resources Mentioned: Talking to Strangers book by Malcolm Gladwell Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Guest Bio: Chris Roberts is the Founder and CEO of Sterling Rhino Capital. He's been a full-time entrepreneur and investor since 2007. He owns and operates a Sales and Marketing Company where he was able to increase its sales growth from about 7.2 million dollars to 24 million dollars. He's got a proven track record of building successful businesses and he owns about 2,100 units. Quotes: "Do not be a victim of your environment or your circumstances. Be the results of your actions and attitude". – Chris Roberts "I don't have time for fear in my life because I am out achieving my dreams". - Chris Roberts "The power of your mind can do everything. It can move mountains and build wealth and legacy" - Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
147 : What Happens When Investors Say No To Your Deal?
EHow many times have you thought it's gonna be a closed deal but actually not? How do you usually handle it? Do you get affected and does it lessen your self esteem and confidence? We usually experience all these mixed emotions and it's definitely NORMAL. Human as we are, getting discouraged is totally understandable. However, learning to embrace the "NO" would bring you a long way as it unlocks opportunities to start building relationships because most of the time, investors need to earn your trust with their hard earned money. Jump right into this episode as we are going to debunk more info on what happens, what to do and why investors usually say NO to your deal! Topics on Today's Episode: Some possible reasons why investors say no to your deal How do you deal with rejections? How to get investors to get to KNOW more? Dealing with FOMO (Fear Of being Missed Out) How often should you follow up for people who already said No to you? What are some follow up campaigns? What does it mean when the "Market drops"? What are the roles of syndicators? Providing solutions to investors (especially the retirees) in stretching their investments and making it grow. Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Change your life for the better" - Corey Peterson "Everting you desire, claim and own it." - Corey Peterson "Be on Board. Take a piece on that CHARITY"- Corey Peterson "Remind yourself daily of that dream and focus on it" - Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
146: Why Do People Sell A Cash Flowing Apartment
Have you ever considered selling a cash flowing apartment to build legacy wealth in real estate? If you haven't yet, take a moment to tune in to this episode so you would grasp tons of nuggets on the reasons behind selling a property that makes you money and quitting that current cash flow to double your profit! Today, Corey shares his personal story on HOW he was able to generate HUGE INCOME from a property he acquired 3 years ago at Catalina Village, Yuma, Arizona which suffered deferred maintenance and bad management. Learn the strategies he discovered to get high deals from these kinds of units. Topics on Today's Episode: How and why did Corey acquire the property at Yuma, Arizona 3 years ago? Different scenarios to better understand the concept and situation What's in store for you when you sell a cash flowing apartment? What strategies did he take to get the property refinanced with much favorable loan terms? Compressed Cap Rates Supplemental Loans vs. Refinancing Selling on one market and buying from another market What were Corey's long term goals and business plans? Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Start with a dream, vision and belief and keep watering it to grow." - Corey Peterson "Take baby steps. Don't give up. Keep moving forward." - Corey Peterson "The more you learn, the more you earn."- Corey Peterson "Put that vision on your mind, own it and believe it."= Corey Peterson "If you believe it, you can achieve it and your paradise is possible." – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
145: Podcasting: How To Go From Invisible To Influential
Nowadays, people are too busy to give full attention to watching videos or reading blog posts. That's the reason why Podcast is considered as a unique alternative way in giving valuable information, one of the most convenient and easy way to build a personal connection to audiences. In just a few years, podcasts have grown in popularity. More businesses are starting to discover the contribution of podcasting to their marketing strategies, attracting new audiences and building trusts with their clients. Tune in to this episode and know more about how to start your own podcast and how it helps your business grow. Topics on Today's Episode: How podcasting works and why it is a great platform Benefits of launching a podcast and how valuable it is Having a process and how to start a Podcast right Advantages of podcast against other platform Considering 5 different metrics to grow your podcasts Why One on One Marketing is the best way of marketing How to build a personal connection with your audience using your Podcast show How to keep your audience download and review your Podcast episodes Links and Resources Mentioned: Adam Adams Website: MyPodcast.website Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "They're struggling with raising money, but it's not because they didn't learn how to do it legally, it's because they don't have a platform" - Adam Adams "Everyone knows that everyone talks about that with our finances we don't wanna live paycheck to paycheck and it's the same in podcasting you don't wanna live episode to episode" - Adam Adams "You add immense amount of value to the listener that comes straight from the heart, and you're not having some type of sales agenda" - Adam Adams "It's always a little bit nervous to change, change is typically kind of hard" - Corey Peterson "I love to teach, it's my outlet, but the results from it do matter" - Corey Peterson "Do something that you truly love and eventually you can get paid a lot of money to do it" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
144: Unlocking Your Mind. The Journey To Legacy Wealth 6 of 6
EA lot of people know their goals in life and what they want to achieve but they can't seem to understand the process of how to empower them. They know exactly what they are capable of doing but something's blocking them from maximizing it. It's not all about people's potential in doing things but also the difficulties that they encounter maintaining a healthy life between family and business. Tune in to this episode to better understand the steps and guidelines on how to unlock what's on your mind, things that you need to do, and how to start creating changes and growth in your life. Topics on Today's Episode: How to vision your personal life over business Things that you can do to create changes in your personal life Calendar and Time Management Importance of giving time for your family and for yourself Setting your Goals and Dreams for a successful business Building a good vision to improve your way of life Overcoming obstacles and failures Living your life to the fullest without compromising your business Why Mindset matters Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: " The only commodity that anybody's caring about is time, that's the big money-maker" - Corey Peterson "Relationships are not hard, but they're not easy, it take work." - Corey Peterson "God made you unique, he made you special, he made you be able to do things that no one else can do." - Corey Peterson "The more success you have there's the bigger failure can be right behind you." - Corey Peterson "I learned how to get better, I learned how to start controlling my time, controlling my thoughts, controlling my actions, and actions becomes words, words become powerful, words have meaning and words can change you." - Corey Peterson "If it's a bad track, you need to skip it, and if it's a great track, keep listening to it time and time again." - Corey Peterson "I don't care where you started, I do not care, coz' you can get there." - Corey Peterson "You've got to believe it, you have to put yourself in the position where you see that vision clearly and you say it to yourself daily." - Corey Peterson "If you'll practice on being great when most people just trying to be good, it'll separate you by miles, and miles and miles." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
143: Scaling For Exponential Growth. Journey To Legacy Wealth Part 5 of 6
EA scalable business emphasizes exponential growth. In this episode, learn more on how to put this thing in a trajectory that you can not stop. In other words, once you get going, it does not only becomes good, but also becomes ludicrous! If you want to gain enough valuable nuggets that would help you in your financial journey to scale to the top and achieve success, then this episode is right for you! Topics on Today's Episode: How important is exponential growth in a business? Why do we need to scale the growth of a business? What are the building blocks in scaling for growth? Understanding your plans, systems and actions Avoiding "analysis paralysis" Dealing with taxes the right way Commercial Real Estate vs. Residential Apartments What is "cost segregation study"? What is "bonus depreciation"? Power of leverage Effects of doing the things you are not equipped for How important is it to hire people in your company? What type of people do you have to have in your "power team"? What can an Asset Manager do? How important is a VA (Virtual Assistant)? Finding the right partner for your RE business What is an IMS (Integrated Management System) and how does it works? Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "You've got to believe it first to achieve it" – Corey Peterson "Fight like hell to get back on course. Never quit." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
142: Choosing The Right Property Management. The Journey to Legacy Wealth Part 4 of 6
ESelf-managing can be very stressful for most property owners. It can be difficult to maintain the consistency of day-to-day operations and maximizing income of the property. This is one of the main reasons why a lot of property owners consider partnering with third-party services, such as a Management Company. Tune in to this episode to identify some important things that you need to consider when choosing an efficient and service-oriented Management Company. Topics on Today's Episode: Roles and Responsibilities of a Management Company Systems and Processes of a Management Company Things that you should consider and what to expect before choosing your management company Your roles and responsibilities as a Business Owner and Operator Attitudes that you must have as a Business Owner Tips on how to make more money as Management Company or managing properties How to make your Management Company more profitable How to make your staff at your properties loyal Costs and some expenses of the Property Owner working with a Management Team or Company Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "I don't think Management Companies make lots of money, but I do think you can control your overall product a lot more if you are managing and you have systems and people" - Corey Peterson "You cannot do enough due diligence in selecting a management" - Corey Peterson "Everybody's looking for excuses instead of taking ownership" - Corey Peterson "I'm their biggest cheerleader, I champion my team and my staff even though they're manage by my management company, I let them know that they are important to me" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
141: Choosing Your Market For Optimal ROI. Journey To Legacy Wealth Part 3 of 6
While real estate investing is one of the best ways to make money, not all income brings the same rate of return for investors. Remember that where you invest makes a lot of difference. Tune in to this episode to identify some factors you need to consider when choosing your market to gain the most profitable investment property. Topics on Today's Episode: Why is it important not to take real estate advice from stock brokers? Being careful when you listen to those who claim they are "reliable sources" Understanding cash flow and force appreciation Importance of selecting and buying the right property location How important is job growth in the area? Identifying your cashflow Considering affordable housing Checking on the crime rate in the area Do you also have to consider the right property management? Finding good value deals in every market Where are you at in the real estate cycle? Understanding and looking at your worst-case scenario Links and Resources Mentioned: Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "You have what it takes, it's all in the mind" - Corey Peterson "Your mind is a very powerful tool. Don't let it go to waste" - Corey Peterson "Never quit. Success is just around the corner. Open it when it knocks" – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
140: Selecting Your Next Cashflow. Journey To Legacy Wealth Part 2 of 6
Understanding your cash flow allows you to view a better path of your financial goals. In real estate, a positive flow will definitely give a good rate in return. However, cash flow is NOT the only key to gain better ROI. Listen to this episode as Corey Peterson explains what an investor like you needs to know on selecting your next cash flow journey. Topics on Today's Episode: Is real estate the right vehicle? What is cash flow? What does it mean to invest? What is dumb money? Understand Single family homes vs. Multifamily Understanding stocks, bonds and mutual funds investment vs. Real estate investment Does stock, bond and mutual funds pay high dividend and have potential growth than real estate? Can someone else pay off the leverage off for you? What's the solid rate of return that you could expect with blended portfolio? What are the 4 Returns on real estate and what that means? How do you force appreciation? Links and Resources Mentioned: Robert Kiosaki's Rich Dad Poor Dad Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "See that's the difference my friend, leverage is really part of the key!" - Corey Peterson "With Real Estate you can get profits from rents that's a dividend and its usually pretty darn good!"- Corey Peterson "See the reason why I got into this game was for time and money" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
139: Sharpen Your Vision For Success. The Journey To Legacy Wealth Part 1 of 6
When you try to start a journey on something new, there are lots of things going on. In real estate, you need a roadmap towards a clear vision on what you have and your ability to push past fear. In this episode, Corey Peterson will guide you to an overall knowledge of this multifamily game in real estate, how it is played and how it works. Topics on Today's Episode: Understanding Time and Money Power of velocity and compounding effort Exponential curve about Life and Money How do you leverage money, time, people and process in your life? What is Rule of 72? Believe in yourself Your ROI matters more than you think Know your financial statement to determine where you are at now Mapping out your vision Time cost vs. Ongoing cost What is financial freedom? Rules for creating a clear vision Links and Resources Mentioned: Robert Kiosaki's RichDad Poor Dad Rule of 72 by AlbertEinstein Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "You have to believe in it to achieve it. It doesn't happen overnight" - Corey Peterson "It's the little things that matter" - Corey Peterson "Focus on your goal, otherwise it's going to leave you behind" – Corey Peterson "Before you do anything with business, you put your life out and put it first" - Corey Peterson "Knowledge breathes confidence" – Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
138: Discover the Power of Systems and Processes
EThere's a lot of important reasons why you should implement a business system. Mapping out effective business systems and processes can create better problem solving strategies and decision making in an organization. Listen in and discover how Randy Lawrence created the perfect business system and process that provides a strong framework for his company's growth and success. Topics on Today's Episode: Strategic and System Oriented: Everything should be systematic approach Four Legged Stool System Private Equity Well Integrated acquisition team Operation focus Disposition Set Your Mindset: Create the process in a mindset of documenting your task for someone to replace you. Why is Process Mapping important? EOS Process: Mapping and charting what your business looks like and then documentation of business systems and processes. The Rule of Clarify and Verify How do you go about finding the right person to add to your team? How hiring the right and quality people help you save money. Links and Resources Mentioned: Website: www.pcpre.net Book Recommendation: The 80/20 Principle Podcast: The Real Estate Preacher What is Process Mapping? What is the EOS Process? Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Everything we do, we want it to be done in a systematic approach"- -Randy Lawrence "Go gotta get down and get dirty to lay the foundation. The foundation is laid in the mud!" --Randy Lawrence "Pain and pleasure motivate people" - -Randy Lawrence "We don't really give a crap on what you try to do, it's what you did"- -Randy Lawrence "The best people are the best" -Randy Lawrence "It's not the lack of resources, it's the lack of resourcefulness that is preventing you from getting that person. "- -Randy Lawrence "You have to flip your mind around and love the process. Love what it does for you to make you better"- Randy Lawrence Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
137: How To Be The Lender And Not The Borrower
Most new investors in real estate start with the traditional method-but is this the only way to create real wealth? Investing in mortgage notes is an alternative class with many benefits plus opportunities! In this episode, Jim Maffuccio, dives into what it means to invest in mortgage notes. Topics on Today's Episode: What is debt? Toxic Assets: Buying Distressed Debt How Aspen Funds started? Create win-win situation: Keep the homeowners in their home with an adjusted payment structure often time reducing the principal How to transform a non-performing asset to a performing asset Rehabbing the paper instead of the property: Create reperforming loans and sell them at a discount Rules In Raising Money: What 506B and 506C What are serial funds? Stages of a serial fund Raise period Deployment period Harvesting period Benefits of a 506C Cash on Cash Return: Cash Flow on your investments Different ways to unlock more capital using 506C Get off of the roller coaster: Investors need us more than you need them. Due Diligence: Check your operators, track records and history and make sure they know what they are doing The importance of Mentorship Links and Resources Mentioned: Website: AspenFunds.us What is HELOCs What is a First-lien Mortgage Note and Second-lien Mortgage What is 506B and 506C Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Not only our banks is too big to fail, even the little ones don't"- Jim Maffuccio "Investment world is cash flow hungry right now" -Jim Maffuccio "We are coming through the next cycle of stuff and I think the market is gonna open up to everybody, even for you. "- Corey Peterson "They're looking for us, they are looking for guys like you and I that are committed to running a business model and doing it well"- Jim Maffuccio "Money raising Capitals momentum: In the beginning it's like you're in the middle of the ocean and you don't even see the beach. You feel like you need to do all the work paddling that thing, but eventually you ride in the wave"- Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
136: Getting Your Money To Pay You Twice
EIf you don't know what's the best cash flow opportunity is right for you, listen in and learn how to help your money work for you. In this episode, the Anti-Financial advisor, Chris Miles shares how to maximize your wealth by giving you a game plan and a proven strategy that wealthy and successful entrepreneurs use. Topics on Today's Episode: Think from an investors perspective: Go with the evidence! Competing with your dollar: Accelerating money with Real Estate What is a tax free super charge saving account? Max ROI Infinite Bank: Make money in two places at the same time What is a Whole Life Insurance Policy? Whole Life vs Term Insurance Wealth Strategy: Get the cash value up quick and take the money, borrow it to put into an investment What happens to your investments when you die? Net gaining your policy: Money growing and its tax free Mutual Fund: High risk, mediocre returns and high expenses Can you overfund your insurance policy? Links and Resources Mentioned: Website: MoneyRipples.Com Podcast: The Chris Miles Money Show What is a Whole Life Insurance What is a Term Insurance What is Roth IRA and Self Directed IRA Nelson Nash: The Creator of Infinite Banking Al Williams: Buy Terms And Invest The Difference Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson Apartment to Millions Summit: April 8-10 2021, Phoenix, AZ Quotes: "You can minimize the cost of the insurance to where almost all the money goes to cash and that money can be used to be redirected into real estate"- Chris Miles "This is a wealth strategy that wealthy people use"- Corey Peterson "You get the best of both worlds-Same concept how wealthy people use to play the game and transfer wealth as well"- Corey Peterson "Stock market only returns after you pay all your fees and everything else"- Chris Miles "but when you invest with it, that's the whole game changer, that when you start creating exhilaration of money and wealth"- Chris Miles "One key for some investors: In most states its 100% protected from lawsuits and credit."- Chris Miles "They know how to make money as an sales person, but they don't know how to make money as an investor"- Chris Miles "cause that's what the big firms are always doing, they do not care about you they just want your money"- Corey Peterson "Practice the way rich people invest"- Corey Peterson "Wealth is created first IN YOUR MIND" -Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
135: The Importance Of Having A Trusted Mortgage Banking Ally
How can you build a good relationship with your mortgage banker? Were your expectations met? Buying properties and looking for a perfect loan is a big deal. One key player in that process is your mortgage banker. They help and guide you through the process to have a smooth buying process. Listen in and learn the benefits of having a solid relationship with your mortgage banker! Topics on Today's Episode: DUS Lender: Direct relationship with Freddie Mac, Fannie Mae and HUD Loan with no middle man. The power of Berkadia Figure out your loan goals COVID Scare: The impact of COVID on student housing projects Importance of having a good mortgage ally: Above and beyond service Do We have to personally guarantee a multifamily mortgage? Multifamily: Best asset class and best debt in the market Multifamily Asset: They perform well if managed correctly Non performing asset: CAP rate vs Cash flow Powerful aspect in real estate: The ability to tell a story Links and Resources Mentioned: Berkadia Fannie Mae Freddie Mac HUD Loans - GEC CMBS Lender Non recourse bridge Non recourse construction loan Mom and Pop Quotes: "Lending world is always changing"- Corey Peterson "Multifamily is the gift that keeps on giving"- Aaron Moll "Boom! There's enough money chasing this sector. You can get non recourse on any type of loan that's out there"- Corey Peterson "Multifamily is some of the best debt in the market"- Aaron Moll Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
134: The Path To Financial Freedom
What does financial freedom look like? Are you stressed about your finances and tired of your JOB ("Just Over Broke")? Setting yourself on the right path to financial freedom is not easy. You need to figure out where you want to be and look for a perfect system or process that will work and resonate with you. In today's episode, Marco Santarelli founder of Norada Real Estate Investments, explains how SIMPLE it is to build wealth and create passive income through real estate investing! Topics on Today's Episode: From DotCom Crash to Real Estate Investor: Realizing your vision and your lightbulb moment Marco's light bulb moment: The investors need to having education but not pulling the trigger and going through the whole process What is a Turnkey Model: How to put your money to WORK! Turn Key Real Estate Experience: Educating people for free about real estate investing Goal and Mission: Help one million people create wealth and passive income and put them in the path of financial freedom through real estate Finding and Attracting Investors: Get yourself out there and work on your network Marketing Suicide: If you dont create, build and nurture your email list Build a Tribe: Create a group of people that love or hate you Social Media: A powerful marketing tool and it's FREE! How to find the right market: "Live where you want and invest where it makes sense" Systems and Process: Structure in place that can assure success Two Key Major Factors In Finding The Right Market: 1. Population Growth and Employment Growth California Market: Supply Shortage + Demand Strong = Property Values High 5 Key People in your Team Acquisition Professional Full Service Property Managers Lending Partners Ongoing support- Tax advisors Asset protection attorney Mentorship: Learning from other people's experiences The best investment: Investment in Yourself Links and Resources Mentioned: We have 5 spots left! To join our Mastermind group please email: [email protected] Dot Com Crash Norada Real Estate Passive Real Estate Investing Supply and Demand Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson Quotes: "It's not being rich but being wealthy"- Marco Santarelli "I love to use real estate to magnify and accelerate my wealth creation and preserve that wealth" - Marco Santarelli "Teach what you know" - Corey Peterson "Create so much pieces of information and where to get it that you're attracting the people that you want to come in and through that they get to know and trust you. Then they'll decide for themselves: Did I resonate with this person or not?" - Corey Peterson "If you don't have haters, you're not doing it hard enough" - Corey Peterson "Referrals drive your business" - Corey Peterson "Ask them at the height" - Marco Santarelli "I like the diversification of job spread across different industries" - Marco Santarelli "Buying it right and managing it correctly goes hand in hand" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
133: The Power of Multifamily Investing: Why Mindset Matters
EAre you stuck in your real estate business? Do you know what you're driven to accomplish? Success in the real estate industry is not just having great opportunities and good education. It is also about having the right mindset and correct habits that will create great success for your business. In today's episode, the big Kahuna, Corey Peterson talks about how your mindset can change the game and who can determine your success or failure. Topics on Today's Episode: Mindset Matters: What you think, what you believe and the actions that you take along the way, are vitally important. The Importance Of Mentorship: Be closer to the source where you can have some people positively influence you Ask Yourselves: Who's your five friends? What do they possess? Why Mindset Matters: What you tell yourself everyday does matter! Believe that you can do it! Murphy's Law: The ones closest to you are the ones going to be the distractions. Mind: Our mind is a super computer but the problem is we barely use it and were not using it full potential What Is Courage: When you're scared but you go anyways Entrepreneurship: We don't know the exact outcome of all the output but we have to have the courage to do it. Limit The Mistakes: Surround yourself with mentors and the right people The Right People For You: Successful people that are successful in multi-family real estate that are doing it right now! What Matters: Your Mindset Who you are keeping in your Inner Circle What you tell yourself daily Your voice Corey's Morning Motivation: "I'm a multifamily millionaire and investors are lining up to see me because I know how to control wealth and make it grow" Student First And A Teacher Next: The more you teach what you know the better student you become! Setting Up A Plan: Once you get good intel on how it works and what's the best practice, the goal is just to repeat the strategy Fundamentals of Apartments: Finding deals Raising Money Operating to Success Sell for a profit What Drives Corey: Legacy Wealth Links and Resources Mentioned: Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson Quotes: "You are different, because you're the taking time to educate yourself" - Corey Peterson "That which is easy, usually doesn't pay off, That which is hard, when you do it long enough, will make your life easy" - Corey Peterson "You can't change other, but you can change yourself" - Corey Peterson "You are never too good to be learning something new and then you're never too good to be teaching what you've learn"- Corey Peterson "You get power in telling people time and time again and you start to feel it and it comes to your body and you feel and it becomes a voice" - Corey Peterson "You can't skip steps, you have to put in the work" - Corey Peterson "You have to find somebody's system that works and then follow it through the tea" - Corey Peterson "I was relentless when it comes to execution I can take someone's plan and I will follow it exactly" - Corey Peterson "Failure is where the growth happen" - Corey Peterson "Failure is way bigger teacher than success" - Corey Peterson "Fail forward" - Corey Peterson "The more you fail the more you learn" - Corey Peterson "Don't worry about the HOW, you can get the how in lots of people, but you've gotta be hungry, you've got to be relentless. Your drive should be as important as air." - Corey Peterson "Plant a force and water that daily" - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
132: Freedom For Fun: From Money to Motorcycles - Remember Why You Got Started
Have you always been interested in real estate, but not sure where to start or how to effectively get into the market? Today's guest is Chad Wittfeldt from BlueSpruce Holdings. When only 17 years old, Chad started investing in the equities market. A few years later, he moved to currency markets. Chad joined BlueSpruce to apply his online media skills while learning about real estate. It's his favorite asset class because of the controllability of inputs and outputs, risk aversion, and tax incentives. Topics on Today's Episode: Freedom for Fun: Passionate about multifamily, motorcycles, mountain biking Operations and Systems: Copy for success and use automation to buy back time Quality over Quantity: Build relationships with brokers to find best deals Authenticity: Key to automation in general and mass marketing Automation: What not to do—send messages that seem cheesy and salesy Keep it Simple, Stupid: Lead with a compliment (i.e., Corey's crushing it!) Lead Magnet Funnel: Bring new person into your world and send them steps Qualification Forms: What do you do for fun? Sales copy to investing experience Words of Wisdom: Start now, but don't quit your day job Visionary Integrator: Show up and follow up from real-world experience Links and Resources Mentioned: Chad Wittfeldt on LinkedIn Chad Wittfeldt on Facebook Raising Money Secrets Facebook Group The Raising Money Summit BlueSpruce Holdings CCIM Institute S. Securities and Exchange Commission (SEC) Les Brown Three Feet from Gold JasonCapital Grant Cardone Sean Terry Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "I really started to understand that, especially with trying to find deals, it's really not about quantity. It's about the quality." - Chad Wittfeldt "I'm all about copying your way to success. If you can find information faster, quicker, and smarter, don't work harder." - Corey Peterson "Hang out where money hangs out." - Corey Peterson "There are days where I've cried out of happiness." - Chad Wittfeldt Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
131: Trading Hours for Dollars: Creating Legacy Wealth on the Back Nine
Even if you haven't been in the multifamily space for long, it may only take sheer determination to get some deals. Anybody that puts forth effort in real estate can create cash flow. Today's guest is Andy Vaughan, Principal of Back Nine Investors. He was in the insurance industry for 27 years and worked with several high-income net worth clients and business owners interested in real estate investing. However, Andy wasn't wanting to be a landlord. Instead, he focuses on helping people invest passively in apartments. Topics on Today's Episode: Golden Handcuffs to Golf Courses: Andy's real estate journey to residual income Network: Seek out information and ask for introductions from diverse database Affordable Care Act: Required to put commissions in admin portion calculations Book of Business: Income cut by 84 percent and burnt out on insurance policies BiggerPockets: When starting over, listen and learn to generate revenue again Captive Audience: Powerful professionals with money (doctors, dentists, others) Buying vs. Building Business: History, problems, and fixes—get stuff done Syndication: Tool in the toolbox to create cash flow and passive income Mentors, Coaches, and Masterminds: Teach you to find, fund, and operate deals COVID and Capital: Year's worth of mortgage payments in reserve before closing Right or Wrong Opportunities: Unemployment, vacancy, moratorium on evictions Do Something: Every day, find a way, put a rung on your ladder, keep moving up Links and Resources Mentioned: Back Nine Investors Andy Vaughan's Email Andy Vaughan's Phone: 318.614.0681 Tony Robbins Carleton Sheets Affordable Care Act (ACA) BiggerPockets Cost Segregation Fannie Mae Freddie Mac Tom Wheelwright Auction.com Why the Rich Get Richer by Corey Peterson Kahuna Investments Kahuna HQ Kahuna Boardroom Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "I want to be able to play golf during the day and make plenty of money." - Andy Vaughan "Sometimes, you don't even sell, you just talk about the opportunity. The right people self-select. That's how I've raised money all my life." - Corey Peterson "People tend to understand that real estate tends to make money most of the time." - Corey Peterson "Syndication is a tool." - Andy Vaughan Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
130: Multifamily Real Estate: Enjoying the Ride
What could go wrong in the game of real estate, and how can you persevere? It's the way you handle the ups and downs that makes the difference in the multifamily space. Today's guest is Andrew Cushman from Vantage Point Acquisitions. Andrew shares his perspective on what's working and what's not in the multifamily real estate market. Topics on Today's Episode: Enjoy the Ride: Multifamily real estate is like a roller coaster of ups and down Recessions and Real Estate: Leads to opportunity with pockets of distress B- vs. C-Class Assets: Raise capital to trade up and reap risk-adjusted rewards What Matters: Not the number of units, but the money made from them Headaches Happen: Hurricane Michael reduced occupancy from 100% to 16% Get in Line Fast: Find a great insurance broker and the right insurance Cash Value vs. Replacement Policy: What's the difference for what it's worth? Co-insurance: Properly and accurately value asset for premium or pay penalty Insurance Deductible: Avoid percentages or you may pay much more for claims Loss of Rent Insurance: Pays the difference to fill the gap and ability to rebuild Keys to Success: Communicating with investors, matching contractor to job size Links and Resources Mentioned: Andrew Cushman on LinkedIn Vantage Point Acquisitions David Lindahl Robert Hamilton with Insurance Office of America Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "The grass is always greener over the septic tank." - Andrew Cushman "Once you can learn to raise more capital, it makes so much more sense to start trading up to nicer assets." - Corey Peterson "Operations is where you make money." - Corey Peterson "Make sure it is properly and accurately valued, and not just construed to get you the lowest premium." - Andrew Cushman Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
129: Corey's COVID-19 Crisis: Confronting Immortality
For better or worse, the COVID-19 pandemic is everywhere and has impacted everybody. It's not only changed lives, but businesses. Corey Peterson, the Big Kahuna, describes his own COVID story and what he learned during his stay in the hospital, treatments received, and road to recovery. Topics on Today's Episode: Corey's COVID: Flu-like symptoms, such as fever, aches, sweats, and fatigue COVID Test: Go to a rapid testing place to get results in 24 hours, not 10 days Family Affair: First Corey got COVID, then Shelley, followed by their son Treatment: Stay-at-home quarantine, no prescriptions, only OTC medications Lung Capacity: Lack of oxygen creates shortness of breath; leads to organ failure ER to ICU: Oxygen sensor, heart monitor, antibiotic steroid—must be admitted Beep, Beep: Best way to heal is lay on your stomach and work on breathing Peace of Mind: Confronting immorality all alone; ready and willing to go Faulty Sensor: Take a deep breath and listen to your heart (and how you feel) Shelley's Treatment Plan: Not sick enough?! Take some Tylenol and good luck Don't take 'no' for an answer; find a doctor that says 'yes' to steroids/antibiotics COVID-19 Weightloss Program: Lose weight or die trying Links and Resources Mentioned: West Texas Doctor Bartlett: Is He on to a 'Silver Bullet' with Use of Off-Label Inhaled Steroid as COVID-19 Treatment? Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Somehow, we got COVID." - Corey Peterson "Your appetite starts to truly fade." - Corey Peterson "You're sick enough to get admitted." - Corey Peterson "I've never worked harder because I don't want to die." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
128: Theresa Quintanar- The Power of Quality Relationships
You really don't know or understand how much you affect people with what you do. What happens when you meet people and get them to know, like, and trust you? They're willing to give you their hard-earned money. Today's guest is Theresa Quintanar, one of my long-time investors who shares how we met, cultivated our relationship, and ultimately, gave me a lot of her money. What is Theresa's side of the client/investor journey? Topics on Today's Episode: Knock, Knock. Who's there? Corey wanting to be Theresa's financial coach Rejected: Single mother of two kids barely making ends meet says, 'No' Story Takes a Turn: Theresa has a change of heart and gives Corey $5,000 Great Results, More Money: Theresa gives Corey $20,000 saved for retirement Risks/Tolerances: Financial advisors invest in stock market, don't listen to clients Joint Investment Money: Reach out, follow up, continue relationship, get referrals Flipping Houses: Corey treated Theresa like a true lender with added insurance Cheers to Corey! Check is in the mail and how Theresa decides to spend it Transparency: Corey's got your back and not a schemer, like some we know Links and Resources Mentioned: Edward Jones BP Oil Workers' Compensation Bernie Madoff Kahuna Investments (Deal Room) Kahuna Boardroom Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "You were good on your word." - Theresa Quintanar "Most people go into the stock market and sometimes, financial advisors just do what they think is best. They never really listen to their client." - Corey Peterson "We kept our relationship, even though you didn't have a dime of my money." - Theresa Quintanar "In this game of raising capital and doing good for people, it's always nice when someone doesn't keep you a secret." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
127: Triple A discusses the use of the Four-Part Funnel to Raise Capital
To raise capital, how do you attract and nurture people to know, like, and trust you? Why should they follow you, and eventually, give you their hard-earned money? Today's guest is Adam A. Adams, who is known as "Triple A" in the real estate community. Adam educates investors through his real estate conferences, radio interviews, and Creative Real Estate Podcast. Adam's one of Meetup's top six organizers in the world and a master at getting people to move where he wants them. Topics on Today's Episode: 4-Part Funnel: Top (know), Second (like), Middle (trust), and Bottom (you) 3-Legged Stool: Thought leadership platform, social media channel, live event Lead Magnet: Giveaway solves problems to convert potential or past investors Love on Everybody: Talk less, don't push, and pay to raise more passive money Who is your avatar? Who do you want to attract? What do they want and like? Sample Deal Package: When raising money, protect capital Pros and Cons: Email, text, clickfunnels, and Website campaigns and providers Raising Money Summit: Everything you need to up your game at raising capital Links and Resources Mentioned: Adam A. Adams on LinkedIn Raising Money Summit Creative Real Estate Podcast Meetup ActiveCampaign Mailchimp ClickFunnels Squarespace WordPress Zapier Wix Dave Lindahl Kathy Fettke Kahuna Boardroom KahunaHQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "They call me a starter. I'm the visionary. I bring the stuff in. Once it's in the funnel, I don't want to touch it anymore." - Adam Adams Four-Part Funnel: Visualize the top (know), second (like), middle (trust), and bottom (you). "If you don't have any leads in the beginning, you have nothing." - Corey Peterson "For those who are starting in business, it's really about your whole business. You want to find the money. You want to find deals." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
126: Due Diligence: More than Meets the Eye
Multifamily Legacy Episode 127: Suggested Title: Due Diligence: More than Meets the Eye When Stuff Gets Real OR Due Diligence: Dark Side of Multifamily Investments Where can you go wrong and make mistakes? When doing big deals, investors should do things in due diligence. Some will do it, some won't. Most are not afraid to roll up their sleeves and get dirty. Today's guest is Jorge Abreu of Elevate, a real estate investment group that acquires value-add multifamily assets. Jorge's construction background and commercial investment experience helps him to understand everything about due diligence. Topics on Today's Episode: Raising Capital: Bigger you go, easier and safer the deal CapEx Budget: Deal looks great, but then stuff gets real by doing due diligence Down Units Difference: How bad are they? How will they impact CapEx budget? Due Diligence Process: CapEx, maintenance, construction, software, pictures Tracking Dirt: What happened in Unit 5? If you don't track/measure it, it gets lost Faith and Honesty: Know more than seller and create opportunities to negotiate Due Diligence: Do it to know what deferred maintenance and upgrades will cost Don't Be Lazy: Get bids and set expectations; a lot of work, but worth the effort Construction Company: Elevate is a benefit, like property management Team Building: Retreat to celebrate and offer recognition Focus: Too much noise? Pick your passion and conquer it Links and Resources Mentioned: Jorge Abreu's Email Jorge Abreu on LinkedIn Elevate Commercial Investment Group JNT Developers HappyCo Marcus Millichap David Lindahl Three Feet From Gold Joe Fairless Kahuna Boardroom KahunaHQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "If a seller's talking, he's lying. He's definitely trying to skirt the issue." Corey Peterson "It makes no sense because it's going to come up, we're going to uncover it." Jorge Abreu "Whatever you find, can and will be used against you." Corey Peterson "People could steal all the time, they may slide out the back door. We can just talk about the dirt. The dark side of multifamily is scary." Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
125: Reasons to Always Pay with Credit: Teach Yourself and Your children
How's your credit? Not too bad, or not too good? Do you need to increase your credit and decrease your debt to create wealth? Today's guest is Rondi Lambeth, founder of Fortress, a financial services company. Rondi has helped more than 250,000 people increase their credit, reduce their debt, and create wealth. He is a FICO-certified credit professional and federally-approved/ court-appointed witness on credit. Topics on Today's Episode: Credit Cards: Cheaper, more secure, and more protection from being stolen Debit Card: Don't lose it; leads to lost funds and possibly bankruptcy Debit vs. Credit: Consumer must prove fraudulent charges to bank vs. merchant must prove legitimate charges 50-Million Debit Cards: Hacked, held for ransom, and released on the Dark Web Badass Vacations: Get all the perks from rewards, zero tax Teach Your Children: 99% of people know nothing about money, credit, taxes CPA and Taxes: CPA's job is to file taxes, not help you to save money Most rich people want to help others, so they become a coach, mentor, trainer Multiple Credit Cards: All for different reasons that do different things Installment Loans: Never pay them off early, just pay them down quickly Links and Resources Mentioned: Rondi Lambeth Rondi Lambeth on Instagram Rondi Lambeth on Facebook Fortress Credit Pro Fortress University NU Car Rentals American Express Centurion Club The Billions Ed Mylett Dave Ramsey Kahuna Boardroom KahunaHQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Most people do not truly understand how to play a rich man's game because most of us are not rich." Corey Peterson "That's what most people do with their money, credit, and taxes. They're just doing whatever. Wrong answer." Rondi Lambeth "The love of money is the root of all evil, but I was taught money was evil, rich people were evil. Rich people are bad. They just take advantage of you." Rondi Lambeth "You want to have multiple cards that are always being used." Rondi Lambeth Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
124: What's Your Why? Time, Money or Family?
Most people get into the multifamily business for time and money. What's truly important? It's not about the money. What's your reason, 'Why?' Today's topic focuses on family. Choose to live the life that you should and by building a business that allows your family to have your time. Topics on Today's Episode: Too Many Distractions: Steal your time and your time with your family Do the right things: Principles to live by include family identity and traditions Roses and Thorns: What's the best/worst thing that happened to you today? Rules and Boundaries: Mean what you say; no has to be no Disciplinarian or Nurturer: Roles matter and make a difference Pursue Passion: Teach/show family highs and lows of entrepreneurship success Broken Promises: Don't forget to make your family and personal time a priority Can we …? Teach your children the meaning and value of money Links and Resources Mentioned: Asana Joyce Meyer Kahuna Boardroom KahunaHQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "I believe that we got into this business for two things: Time and money." - Corey Peterson "Most of the time, we are not living the life that we should." - Corey Peterson "What you do is more important than what you say." - Corey Peterson "Our kids have watched me succeed, but they've also watched me fail." - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
123: Part Two: Face-To-Face Calls to Attract Passive Investors
What are the next steps that you should follow to get potential investors to fill out and sign an accredited investor form? Today, Shelley Peterson continues her investor relations series on how to conduct face-to-face calls that attract passive investors. Topics on Today's Episode: Source Potential Investors: Go face-to-face and get out into your community Target Avatar: High-income professionals wanting stock market alternative Presentation Form: Face-to-face method (mailers), or email campaign (opt-in) Lead Magnet: Pique potential investor's interest by giving them something Research: Review answers to questions on potential investor questionnaire Record: Contact potential investor and document post-call notes via CRM DocuSign Email: Send potential investor an accredited investor form to fill out Do's and Don'ts: Be engaging but avoid feature puking during calls Investor Types: Passive investors want cash flow; active ones want big payout Substantive Relationship: Ask financial questions to uncover investor's needs Servant State of Mind: How can you help? Always have investors' goals in mind Supporting Pieces: Credibility Kit shows brokers/potential investors track record Processes and Procedures: Trusted Kahuna Cash Flow; take breaks to check-in Goal: Set standards/expectations early on to get signed accredited investor form Investor Binder: Access to PPM, K1s, and other documents Tickler File: Always get investor's mailing address to send mail campaign Differentiator: Get your brand, your name out there to those ready to invest Links and Resources Mentioned: Shelley Peterson on Instagram Infusionsoft Zoom Fiverr 506(b) Kahuna Investments Kahuna Investments - Deal Room Kahuna Investments - Our Approach Kahuna Investments - Investor Portal Kahuna Boardroom KahunaHQ Kahuna Cashflow on Instagram Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes by Shelley Peterson: "I'm a people person. I love people. I can do this all day long." "You want to know a lot about that person. They may not be a good fit for you and your company. They may not be the type of investor that you want to be in your deals." "It's very important that you establish where folks found you because that's going to show you what's working in your systems." Always Ask: What do you do for fun? Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
122: Part One: Face-to-face Calls to Attract Passive Investors
What can help you in your business? A spouse who always supports your ideas—good or bad. Today, Corey Peterson's better half, Shelley, shares how to conduct face-to-face calls that attract passive investors. What to bring, what to say, and where to go? Topics on Today's Episode: Supportive Spouse: Shelley's full of grace and authority with great insight Face-to-Face Call Structure: Opening, key points, objections, and close to action Right Investors: Attract high-income producing professionals Who to contact, or not? Specific and accessible professionals and offices Goal: Obtain and provide informational/educational discussions for decisions Prep and Packing: Visual aids, giveaways, and other fun stuff Appearance: Look the part when representing your company, products, services Customer Relationship Management (CRM): Enter name, email, mailing address Thank You: Send card, create tickler file, but don't overwhelm customers Links and Resources Mentioned: Shelley Peterson on Instagram S. Securities and Exchange Commission (SEC) Real Estate Investment Trust (REIT) Infusionsoft Kahuna Boardroom KahunaHQ Kahuna Investments Kahuna Cashflow on Instagram Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "We all know that we should have some sort of real estate in your portfolio." "There are other ways that you can invest your hard-earned dollars." "I'm not peddling drugs. I'm peddling an earlier retirement." "People are people. They want to feel special, and they want to feel like they are important." Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
121: Mindset Matters: Feed Your Brain Every Day
It may feel like the world is falling apart with all the pain, fear, and doubt due to the COVID-19 pandemic. Don't give up hope, ambition, and drive. Now, more than ever, mindset matters. Today's guest is Paul Lizell, a real estate investor who has bought and sold more than 1,000 properties nationwide. He enjoys helping home buyers and sellers, as well as improving communities. Topics on Today's Episode: Believe to Achieve: Paul's success due to coaching, education, and systems Wealth Models: Diversify real estate portfolio for multiple streams of income Passive Income: Safe, consistent, profitable source with tax benefits Deal Difference: Do fewer deals for bigger profits to put into rentals Numbers Game: Find real estate deals via online sites and offline marketing Millennials: Great renters with good jobs, but they want flexibility and mobility Coaching and Competition: Focus, lead the way, always go over fundamentals COVID-19 Catalyst: Anticipate and pivot to potential opportunities Cash Flow: Investors have cash and looking to spend on other projects Short- vs. Long-term Loans: Get private lenders lined up for financing REO Auction Academy: Learn how to buy properties via online auctions Links and Resources Mentioned: REO Auction Academy Auction Hubzu Hudson and Marshall RealtyBid HUDHomeStore Fannie Mae Freddie Mac Paycheck Protection Program (PPP) Federal Reserve and U.S. Treasury The Last Dance with Michael Jordan 1984 by George Orwell Kahuna Investments (Deal Room) Kahuna Boardroom Kahuna Cashflow on Instagram KahunaHQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Paul attributes his success in business and investing in coaching, education, systems, and at the end of all that is his belief." Corey Peterson "Not paying taxes is a beautiful thing. Uncle Sam, he's loyal. He ain't never, ever going to cheat on you." Corey Peterson "This is when you buy, when there's blood in the streets. When there's fear, when there's uncertainty, you can buy cheaper." Corey Peterson "When I'm coaching my kids in sports...I always go over the basics of fundamentals over, and over, and over again." Paul Lizell Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
119: Branding: Why it Matters And Makes A Difference
Real estate and multifamily investment opportunities are coming, as America starts to open back up after COVID-19. Are you prepared? Today, I'm talking about branding—why it matters, why you should pay attention to it, and how people perceive you because of it. Topics on Today's Episode: Branding: What is it and where does it begin? Power of Professional Branding: Logo, Website, and assets—turns heads Masterminds: Bigger and better leads to learning along the way Branding Guide: Do's and don'ts of design (colors, fonts, and more) Refine and Optimize: Make mistakes, learn from them, and keep developing People Judge: Like you or not? Find and attract your tribe with your messaging Links and Resources Mentioned: Daniel Woods Visuals Fiverr Kahuna Cashflow on Instagram KahunaHQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: "Branding is much more than just a logo. Everything looks and feels the same." "Consistent Messaging: Branding truly ties it all together." "Version 1 is always better than version none." "Branding gets you in the door. Make friends and get information." Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.