What does moving from a traditional career to financial freedom through real estate take? Keshav Kolur, founder of Clive Capital, shares his journey from reading Rich Dad Poor Dad to making his first syndication investment in multifamily real estate. Hear how he turned his desire for multiple income streams into a successful real estate career, and learn why he believes real estate outside the stock market is key to building wealth.
Listeners will gain insights into real estate syndications, build-to-rent opportunities, and the importance of intelligent partnerships and debt management. Whether new to investing or looking for new strategies, this episode offers valuable takeaways on creating lasting financial security.
00:00 - Keshav’s Early Journey
06:00 - The First Syndication: 108 Units in San Antonio
10:56 - Build-to-Rent: A New Frontier
16:44 - Diversifying with Oil and Gas Syndications
19:44 - Lessons Learned and Advice for New Investors
Connect with Keshav!
LinkedIn: https://www.linkedin.com/in/keshavkolur/
Website: https://www.clivecap.com/
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
Website: https://www.dancinginvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
"Interest rates can change in the blink of an eye. You need to understand debt—it’s one of the most important components of any real estate deal." - Keshav Kolur
“When you're looking at investing, look at the debt. It's one of the key components in the underwriting.” – Christy Keeton
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
How do you go from being homeless to owning over 100 doors in real estate? Ray Glymph, an award-winning investor and business coach, shares his inspiring story of resilience and success. Recognized by platforms like Yahoo and Google and honored with the NAACP Champion of Change award, Ray has helped entrepreneurs of all levels transform their businesses.
In this episode, he reveals the hard lessons learned from early real estate missteps, the importance of adding value to properties, and the powerful connection between quality housing and mental health. If you want to gain practical insights and inspiration from someone who’s overcome significant challenges, this is the episode for you.
00:00 - Ray Glymph and his Real Estate Beginnings
02:00 - The First Big Real Estate Mistake
07:04 - Transitioning to Multifamily and Mixed-Use Properties
10:11 - Adding Value and Forced Appreciation
15:36 - Section 8 Housing and Social Impact
19:44 - Navigating Today’s Real Estate Market
Connect with Ray!
LinkedIn: https://www.linkedin.com/in/rayglymph/
Instagram: https://www.instagram.com/rayglymph/
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
Website: https://www.dancinginvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
"Long-term hold—that’s where the value is." - Ray Glymph
"Housing and mental health go hand in hand. You can help somebody just by giving them a quality house." - Ray Glymph
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Is success in multifamily investing just about buying the right property, or do the real dangers lie in the details you might miss? In this episode, Christy Keeton talks with real estate attorney and investor Bishoy Habib, who shares a shocking story about an investor losing millions because of a single missing clause. Bishoy reveals key lessons from his career, including how to avoid common legal pitfalls, protect your investments, and form the right partnerships.
Ready to safeguard your investments and avoid costly mistakes? Listen now and learn how to make smarter, more secure moves in multifamily real estate.
00:00 - A Candid Look at Multifamily Investments
01:36 - From Pharmacy to Real Estate: Bishoy’s Journey
07:28 - Major Multifamily Missteps: The Cost of Missing Legal Safeguards
12:40 - Lessons from the Legal Side: Why Experience Matters
15:04 - Investor Perspective: Partnering with the Right People
16:40 - The Motivation Behind Success: Bishoy’s “Why”
Connect With Bishoy!
Website: https://levacylegal.com/
LinkedIn: https://www.linkedin.com/in/bishoyhabib/
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
Website: https://www.dancinginvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
“You can’t foresee what’s going to happen, but that’s why experience matters tremendously.” - Bishoy Habib
"If you're going to sell a property, help the buyer succeed because you've already gotten what you want." - Chirsty Keeton
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
What separates successful multifamily investors from those who struggle? Is it about finding the perfect deal or navigating inevitable challenges? Christy Keeton talks with Julie Anne Peterson about critical lessons from real estate missteps, covering topics like rate caps, economic vacancy, and building the right partnerships.
Julie shares unfiltered stories and practical advice for avoiding common mistakes and thriving in today’s market. Tune in to learn how to turn setbacks into success and master multifamily investing!
00:00 - Welcome to Multifamily Missteps
02:00 - Early Real Estate Adventures: From Banking to Buying
06:370 - Avoiding the Bridge Loan Trap: The Importance of Rate Caps
11:02 - What’s Really Behind Economic Vacancy?
19:28 - Three Things Every Syndicator Must Nail
23:59 - Finding Inspiration in Real Estate: From Renovations to Relationships
Connect With Julie!
Website: https://oldcapitallending.com/
LinkedIn: https://www.linkedin.com/in/julie-anne-peterson-51a6603/
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
Website: https://www.dancinginvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
“If you're not asking your investors the right questions, raising capital can become your biggest challenge.” - Julie Anne Peterson
“What inspires me the most is turning a property into a beautiful place to live and knowing it will become someone’s home.” - Julie Anne Peterson
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
What truly separates a successful real estate investor from the rest? In this episode, a former professional hockey player, Bob Lachance, shares his journey from the rink to real estate success. He opens up about the mistakes that shaped his career, the importance of keeping emotions in check, and how virtual assistants can take your business to the next level. Whether you're just starting or looking to refine your strategy, this episode offers insights that could change how you approach investing.
Ready to uncover the mindset behind real estate success? Listen now and find out.
00:00 - From the Ice Rink to Real Estate: Bob Lachance’s Unique Journey
05:36 - Early Missteps: Lessons Learned the Hard Way
09:04 - Navigating the Complexities of Multifamily Investments
13:12 - Emotional Detachment: A Key to Investment Success
17:04 - Leveraging Virtual Assistants to Scale Your Business
20:32 - Looking Ahead: Future Plans and Final Thoughts
Connect With Bob!
Website: https://revaglobal.com/
LinkedIn: https://www.linkedin.com/in/boblachance
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
"When emotions are high, intelligence is low." - Bob Lachance
"You will win more than you will lose if you detach yourself from the outcome of negotiations." - Bob Lachance
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Is the promise of passive income in real estate too good to be true? Emma Powell, a seasoned multifamily investor, pulls back the curtain on what it takes to succeed in this field. From her start as a real estate photographer to becoming a full-time investor, Emma shares the challenges of raising capital, finding the right partners, and why the journey is far from easy.
If you’re questioning whether multifamily investing is the right path for you, this episode provides the raw, unfiltered truth. Emma’s candid stories reveal the real struggles and rewards of building wealth through real estate.
Listen now to find out if you’re ready to face the realities of multifamily investing and learn how to navigate its most demanding challenges.
00:00 - Discovering Real Estate: Emma’s Unexpected Journey
06:24 - Behind the Multifamily Curtain: The Real Story
12:08 - The Hard Truths of Capital Raising
18:08 - Navigating Multifamily’s Tough Terrain
26:08 - What’s Next? Emma’s Vision for the Future
Connect With Emma!
Website: https://highrise.group/
LinkedIn: https://www.linkedin.com/in/emmapowell28/
Let’s discuss your goals and the legacy you want to leave for generations!
Interested in building your legacy? Click here to connect with us and explore your options!
Website: https://www.keetonrealtyinvestments.com/
LinkedIn: https://www.linkedin.com/in/christykeeton/
Key Quotes:
"Don't manifest negativity that impacts your ability to believe you can accomplish what you say you want." - Emma Powell
“Raising capital is about more than just numbers—it's about people, relationships, and trust.” - Emma Powell
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Join Christy in this episode of Multifamily Missteps as she dives deep into the crucial process of due diligence for multifamily properties. Learn how to avoid common financial pitfalls, such as improperly assessing taxes, insurance, and renovation costs, and discover the importance of reviewing leases and existing contracts.
Christy shares real-life experiences, including a case where overlooked lease details led to a short financial strain. She emphasizes the need for thorough physical inspections, covering HVAC, foundation, roofing, electrical, and plumbing systems, and highlights a costly mistake from incomplete plumbing inspections.
Christy also offers valuable tips on ensuring a deal is sound, making comprehensive checklists, and seeking expert reviews. She stresses the importance of anticipating tax and insurance increases and conducting meticulous property walkthroughs with your management team. Tune in for practical advice and real-world insights to help you navigate the complexities of multifamily property investments successfully.
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Steven takes us on the journey of beginner landlord to the most recent lending environment. Join us for the pitfalls of gut instinct and floating-rate loans. Buckle up!
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
In this short episode, Christy takes you down the path of her first 2 deals that had the SAME misstep!
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Having the right inspector on-site is crucial. Join Jerome as he shares his journey of acquiring a 20-unit and an 8-unit property from the same owner, both closing on the same day. Discover the critical missteps that could have cost him and his partners dearly. Tune in as he dives into issues with HVAC systems and emphasizes the importance of attention to detail, right down to misplaced commas. You'll appreciate the integrity with which he addresses his errors.
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Aiming for a huge target is not at all bad, but the harsh reality should also be considered. In this episode, we feature Matthew Drouin and his story of doing a deal that entails facing problematic neighborhoods and people down on their luck. He talks about his experience of regret looking upon himself as a hero and brings the invaluable lessons he learned from it.
[00:00 - 08:51] When the Harsh Truth Slaps, We Go Back to What Matters
- Back into real estate by accident as a residential agent
- The struggles of being poor in an affluent neighborhood
- Witnessing his parents die young without time to enjoy life
[08:52 - 18:19] From Hero Complex to Midas Syndrome: The Horror Story
- When there is a level of sketchiness in the neighborhood
- Facing the mental stress of pulling off a risky deal
- Realizing the significance of sticking to your principles
[18:20 - 19:16] Closing Segment
- Unexpected things can happen
- Final words
Tweetable Quote:
“ The biggest mistake I made on this whole thing was right in the beginning, I got the hero complex and also the Midas syndrome on this. And I was not doing it based upon logical reasoning in terms of sticking to my guns and all the principles that had made me successful.” - Matthew Drouin
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show https://www.facebook.com/groups/157335752156211/
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Holding your money too tightly to invest for inspection would be a big mistake. Michael Sampson notes that it's important to work with a good real estate broker and have professional inspections done on your properties to make sure they're in good condition. He also advises patience when growing a real estate portfolio, as successes can take time to build.
[00:00 - 07:13] Lessons Learned from Multifamily Investing
- Spend money upfront for inspection
- Do your research and work with a good real estate broker
- Have an exit plan in place if things go wrong
[07:14 - 10:37] Multifamily Operator Finds Success with New Framework
- Be wary of residents with no presentable references
- Michael shares his tips for getting started in multifamily real estate
- Get educated and build your network through meet-ups
[10:38 - 13:06] Closing Segment
- Get the education you need
- Final words
Tweetable Quote:
“ You just have to go out and do it. It can be frightening at first, but once you get into it, it's almost just like a single-family home. It's just a bigger asset. And then you have to spend some money upfront on an inspection. That's the cost of doing business.” - Michael Sampson
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show https://www.facebook.com/groups/157335752156211/
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
How much do we know about the property before we make a deal? In this episode, Tommy Brant addresses the importance of financial due diligence and how knowing the owners is just as essential as knowing the assets. Tommy also shares how taking the lead on the deal helped create value for him and his partners.
[00:01 - 17:18] The Deal that Eluded Me
- Tommy shares how he got his start in real estate
- Forming a team with the broker's contact
- Finding problems during financial due diligence
[17:19 -19:44 ] How to Avoid Mistakes During Financial Due Diligence
- Understand the previous owners and the property
- Educate yourself about the market
- Network with like-minded people
[18:37 - 20:06] Closing Segment
- Look for people to mentor you
- Final words
Tweetable Quote:
“You really need to understand the previous owners. What are the operators like? Did they have a business plan? What did they neglect? Is there a theme that we're seeing in all the units, So whenever people are talking about hard earned money, I wanna know the owners just as much as, I would know, the asset.” - Tommy Brant
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show (https://www.facebook.com/groups/157335752156211/)
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Planning to get the deal requires consideration of a strategic exit too. In this episode, Sam Wilson talks about his investment and exit strategies, avoiding mistakes in the future, and how important it is to make sure that there are out clauses in contracts in order to protect oneself. Listen closely as Sam provides listeners with valuable advice on how to make life count by doing the things that don't always count.
[00:01 - 13:36] How to Secure a Contractual Agreement with Sellers
- Have reasons for walking away from a deal, even if it's difficult
- Sam discusses his background in the real estate space
- Slow down and get to know the seller before getting into a contract
[13:37 - 18:36] Simple Contracting Tips to Protect Yourself from Multifamily Missteps
- Have a written contract that outlines the terms of the deal
- Have an exit strategy and ensure to understand the seller's motivation to sell
- Contracts should be simple and easy to read, with no hidden fees or penalties
[18:37 - 20:06] Closing Segment
- Make life count
- Final words
Tweetable Quotes:
“There are unfinanceable deals out there. So, you know, whatever your reasons are, make there’s enough in there that’s broad enough to get out of the deal… Don’t be like me who is afraid to walk away from deals.” - Sam Wilson
“That’s the thing about mistakes. I think that entrepreneurs, in particular, are willing to fail… And we’re going to fail… And when you do that, you just got to be able to learn from that lesson and remember those mistakes.” - Sam Wilson
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Is it possible to generate passive income while on active duty? Of course! Listen in as Tim Kelly and Jerome Myers emphasize the importance of education and networking to becoming successful in real estate investing. In this episode, Tim explains how to create a community of like-minded individuals in order to leverage relationships and access opportunities. Tune in as he shares stories of his own successes and failures. This is a signal for you to take the necessary steps to achieve your own goals.
[00:01 - 10:23] Creating Financial Freedom on the Way to Success
- The importance of education and connecting with successful people
- Learning allows for avoiding mistakes and achieving success faster
- Finding a community of people who share your goals
[10:24 - 22:03] Finding Like-Minded Individuals for Support and Accountability
- Helping veterans transition into civilian life and create freedom
- Understanding unique experiences is key to building relationships
- How the ADPI fund helps investors in commercial multifamily projects
[22:04 - 25:53] Closing Segment
- Continue your personal development
- Final words
Tweetable Quotes:
“You can learn the mechanics. The more important part is adapting and growing your mindset.” - Tim Kelly
“There is no such thing as failure. You either win or you learn and move forward.” - Tim Kelly
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Many people can get involved as you start your real estate journey, so how do we make sure that the people we have are worthy of our trust? Verifying information and clear communication are keys. In today’s episode, Jerome Myers interviews Dave Seymour, who has a background as a firefighter turned into a real estate investor. Listen as he shares his struggles with the consequences of the downturn in the market. They discuss how property values can go down, even in good times, and how this affects their decision-making.
[00:01 - 04:41] Opening Segment
- Suffering financial pain and being forced into entrepreneurship
- Progressing the business and educating people
- Riding the roller coaster of real estate
[04:42 - 19:01] Understand Who Controls the Money
- The one who controls the money wins
- The effects of high inflation and current events
- Being solid in predictions than someone who is just starting out
- Staying in the trenches and never giving up
[19:02 - 24:04] Be Careful of Whom You Trust
- The harsh truth when you are taken advantage of
- Creating a flow chart to make it easier for potential investors
- Advice on verifying information before taking any action
[24:05 - 25:53] Closing Segment
- Never give up
- Final words
Tweetable Quotes:
“He who controls the money wins his race” - Dave Seymour
“Never give up, never lay down, never surrender trust, but verify.” - Dave Seymour
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Wisdom comes from experience and learning from mistakes. Perhaps for those starting in multifamily investing, being a bit more conservative at first and taking calculated risks is the way. Do not take for granted the relationships you are developing along the way as this may turn out to be more valuable than what you are earning. My guest, Justin Britto, talks about how he became an investor, what mistakes he has made in the past, and how he has learned from them. He also shares advice for aspiring investors.
[00:01 - 05:40] Opening Segment
- Observing a lot of demand coming in from both buyers and renters
- How the economy in Phoenix has been growing rapidly
- The aim to mitigate risk and make money for investors
[05:41 - 16:12] Transparency is Always Key
- Broker relationships to move quickly and efficiently in the private capital market
- Independently analyzing deals and owning a property management company
- Gaining trust despite a lack of track record - transparency is key
- Tactics to employ for saving money on renovations through system integration
[16:13 - 25:44] Addressing the Barriers to Get Started
- Fear as a limiting factor in the ability to invest in day trading stocks
- How relationships can be more valuable than money
- Opt for your own financing if possible for a lower interest rate on a purchase
- You don’t need a perfect partner - do the work and put in the effort
[25:45 - 27:24] Closing Segment
- Keep the fortitude so you won’t have to turn back
- Final words
Tweetable Quotes:
“The important thing in the situation for me is just being transparent with the investors and just letting them know along the way, hey, this is what's going on.” - Justin Britto
“Don't wait. You don't need to have the perfect team in place. You don't need to have the perfect partner in place to get started. It's just put in the action, put the footwork in, and do your due diligence research, and you'll figure stuff out along the way.” - Justin Britto
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Do you have an exit strategy? A lot of risks go into your investment if you do have one. In today’s episode, my guest, Ben Fraser, discusses the implications of ensuring assets worth more in the future and being able to protect the investment at the same time. Listen closely as he talks about the dangers of over-leveraging in the current market environment and how to avoid getting trapped in a cycle of debt.
[00:01 - 05:26] Opening Segment
- Ben Fraser on the managing real estate turbulence
- Figuring out deals that make sense in the current market
[05:27 - 17:31] Understand the Cyclical Nature of the Economy
- Bad capital structures and deals cause huge loss
- Why taking out the finance to sell during a recession is a bad idea
- Ben’s thoughts on the current state of the economy
[17:32 - 21:44] Be Aware of the Capital Structures
- The need to be mindful of inflation when doing deals
- How the current economy is affecting the business of real estate
- Adjusting the budget arises from economical trends
[23:46 - 25:18] Closing Segment
- Be careful not to lock in a loss
- Final words
Tweetable Quotes:
“Inflation - it kind of cures all ills in a lot of senses, but it only cures them if you can hold on to the asset through the challenges.” - Ben Fraser
“Watch out for the greater fool strategy, which is ‘I'm just going to do this plan and hope that the next person is willing to pay what I just paid for this and I can manage through it.’ ” - Ben Fraser
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
What makes the real estate industry attractive is how you can attain a huge cash flow passively. However, is that the truth or is there something more? In today's episode, Axel Ragnarsson discloses his story and reminds us of the due diligence to establish when assessing deals, the ramifications of not working with key persons in transactions, and the dangers of complacency and how it can put you in a tough spot.
[00:01 - 04:49] Opening Segment
- Get to know today's guest, Axel Ragnarsson
- He shares his podcasting and real estate journey
- Missing out on the best deal because of his job
[04:50 - 13:31] Pulling the Lever on Equity, Not Just Cashflow
- The danger of not understanding the construction side of the business
- Cost basis approach: Why this is important
- More than cashflow and passive income
[13:32 - 22:45] Complacency Puts You in a Tough Spot
- Axel shares the challenges in his first few deals on refinancing
- The financial ramifications of not having a broker
- Good deals no longer growing from trees
[22:46 - 24:20] Closing Segment
- Check out Axel’s podcast and reach out to him!
- Final words
Tweetable Quotes:
“You learn a ton of stuff as you grow. Right? I think we all obviously do. And there's so many things you'll learn. ” - Axel Ragnarsson
“Real estate's a game where we all get into it for cash flow and passive income. And I think that's what entices a lot of people to or brings a lot of people to real estate, but you really make money by growing the equity and growing the value of a property or, you know, buying something below market taking your cash out buying something else.” - Axel Ragnarsson
“I think that we're at this point in the business where good deals, they're not just growing on trees, right? It's not like it's easy to go out there and, and get a good deal. So you really got to maximize what you have, like in front of you.” - Axel Ragnarsson
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
It is perfectly normal for some people to leave you and come into your life. In real estate, however, it should not be. When the people leaving your properties are more than those who come in, you should realize there’s a problem, and you need to pinpoint and address that problem fast. Luckily for Sonya Rocvil, she realized that there’s something wrong with their property and they were able to address it.
[00:01 - 03:07] Opening Segment
- I welcome today’s guest, Sonya Rocvil
- Connect with Sonya
- Links below
[03:08 - 13:46] More People Moving Out Than Moving In
- How she landed in the real estate space
- Why their occupancy rates were not going up
- What she learned about this misstep
[13:47 - 23:02 Digging Deep into The Issues
- Learn how to leverage bridge loans
- The question you should ask in closing a deal
- What changed in their process to make sure the misstep will not happen again
[23:03 - 25:54] Closing Segment
- Don’t miss these words of wisdom from Sonya!
- Final words
Tweetable Quotes:
“You still have to be diligent and you’re screening [potential tenants].” - Sonya Rocvil
“You have to be willing to really dig deep sometimes to find out the issues.” - Sonya Rocvil
You can connect with Sonya by emailing sonya@bedrockreinvestors.com or get in touch with her on LinkedIn. Check out Bedrock Real Estate Investors to acquire multifamily properties with potential economic growth and opportunities.
- Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
- Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
- Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
When the property turns out to be way too problematic to handle, it is easier to give up on it. So, should we do it? Alex Moore argues otherwise, saying that as long as you have multiple plans in place, it is even harder not to be successful in real estate investing. Also, she leaves a valuable tip for any investor to avoid huge headaches and uncover deeper issues - touring the property at night - and there are good reasons for that.
[00:01 - 04:23] Opening Segment
- Alex Moore on being a nurse practitioner for ten years and doing multifamily
- Good lessons from small multifamily investing - knowing the location very well
[04:24 - 08:14] Why You Should Opt for a Walkthrough At Night
- Why you should go back at night instead of only a day tour
- When there are more unpleasant outdoor activities at night
- The hard lesson of choosing your tenants
[08:15 - 11:39] Do Your Research and Get Involved
- Getting more information when you don’t know who’s paying
- Self-management due to smaller margins
- Applying the value of reconnaissance to multifamily
[11:40 - 15:28] Closing Segment
- Having multiple plans is key
- Final words
Tweetable Quotes:
“Go back at night… Nighttime tells you a lot more about what's going on in an area than what's going on while people are either at work, or there are fewer people there.” - Alex Moore
“Asking more questions upfront and seeing if you can get more information is also a good thing too, that we learned that hey, are all the tenants paying on time? And if they're not, what's going on right now? What were the circumstances for that tenant? And are we pursuing any legal action at this point?” - Alex Moore
“I would encourage everybody who's concerned about all the things that can go wrong in real estate, to still get involved, because honestly, you will make it… You can mess up a lot of ways and still recover as long as you have a plan B and Plan C. So have multiple plans to turn an asset around because that is really the key.” - Alex Moore
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Are you putting your opportunity fund in the right places? Although it is common to think that simply putting your money in the bank account is ideal because it is safe and risk-free, clearly, it is not the way to supercharge your investment. As Rod Zabriskie and Blake Brogan stated, we should consider playing around with the idea of compound interest and get the money working for us. Listen as they discuss the ways to be smart with how you store your opportunity fund.
[00:01 - 06:41] Opening Segment
- Rod Zabriskie and Blake Brogan on the investment optimizer strategy
- A better way to utilize your opportunity fund - leveraging the dollars
[06:42 - 12:40] A Reconsideration of Opportunity Fund Strategy
- Mitigating the risks through insurance policies
- Taking advantage of the guaranteed growth
- How investing in life insurance companies can be safer than the bank
[12:41 - 22:03] The Magic Happens with Strategic Allocation
- Working with A-rated companies and how they have the upperhand
- Understanding the idea of compound versus simple interest
- Having the asset, no loan, acquire the original investment, and repeat
[22:04 - 31:10] Get the Money Working for You
- When banks have lazy money sitting around
- Why a whole life insurance would be better than term
- Considering a source of tax-free income in retirement
[31:11 - 36:05] Closing Segment
- Get your dollars working more efficiently
- Final words
Tweetable Quotes:
“We're utilizing these [insurance] policies as a way to enhance what our dollars are doing in between deals. So then when it comes time to leverage them or utilize the capital, we have the entire balance continuing to earn and grow… then very literally, you can borrow against it or collateralize, or leverage it to go invest in the things that you are already going to invest in anyways.” - Blake Brogan
“You, of course, could be building it [life insurance] up for one to three years if you're planning on investing in the future. But this isn't something that's going to restrict any of the active investing that you're going to do.” - Blake Brogan
“Sometimes people will say, Okay, well, that's great. I've built all this money in a life insurance policy. And nothing's gonna happen until I die, right? Well, that's not the case. This also becomes a source of tax-free income in retirement for people.” - Rod Zabriskie
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
When it seems like everything is going as planned, suddenly, you went way under budget for the renovation. That was the problem Chris Grenzig had to face in his deal. He shares the importance of surrounding yourself with people who know more than you and why you should always ask more questions and look for potential drawbacks to plan for contingencies. Listen as he shares this huge hurdle that was eventually turned around with a better plan and increasing rental growth.
[00:01 - 06:28] Opening Segment
- Chris Grenzig on getting his feet wet in the business world
- How COVID-19 triggers the shift in focus on the world and business
[06:29 - 17:03] A Huge Budget Deficit for Renovations Saved by Rent Increase
- Surrounding yourself with those operating at a higher level
- A major underbudget mistake from 13k to 30k per unit
- Pushing from the initial partial renovation to a full-on revamp
- Increasing rent growth higher than the projection
[17:04 - 24:49] Closing Segment
- Ask more questions and look for potential pitfalls
- Final words
Tweetable Quotes:
“If you're starting from scratch on everything, you're basically at everybody else's mercy at that point.” - Jerome Myers
“I probably should have brought in more experience earlier on and leaned on them heavier than I did, I think I was probably a little naive… and not really asking the questions of like, ‘Hey, what can go wrong with this plan?’ and not really looking at contingencies and backups and potential pitfalls.” - Chris Grenzig
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
We always hear about the importance of due diligence. Well, we can never say it enough as Ayal Joshua shares his real estate experience of a costly fix that shouldn’t have happened. He goes over the turn of events and the steps he had to undertake to make the property function without compromise and worked on lowering the cost. He emphasizes the value of going beyond what’s required and practicing caveat emptor: “Let the buyer beware.”
[00:01 - 03:49] Opening Segment
- Ayal Joshua on getting into multifamily as an electrical engineer
- Investing in your own backyard to see all the bad, the good, and the ugly
[03:50 - 12:46] Costly Fixes That Shouldn’t Have Happened
- Why you should go granular and do the septic system inspection
- A costly mistake that could have been avoided through due diligence
- From $400 to $60 a month for city water and sewer
[12:47 - 15:32] Considerations for Cutting Down Cost
- Cutting down costs without the compromise
- The virtue of doing more than is required
[15:33 - 19:24] Closing Segment
- Do your due diligence and do the inspection
- Final words
Tweetable Quotes:
“It all starts when you're purchasing the property. It all starts with your due diligence… The other thing is, you've got some properties that are connected to the city sewer, so they have septic tanks, and many people don't do the septic tank inspection. Sometimes that's critical.” - Ayal Joshua
“You have to exercise the letter buyer beware, you know, the caveat emptor. Do your due diligence, do the inspection.” - Ayal Joshua
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Go to rentometer.com to get a free 7-day trial and try it out for yourself.
Rentometer: your source for local rents, comps, trends, property details, and more.
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
You enter a deal and the underwriting reveals that there is too much expense allocation for the property topped with bandaid fixes to solve… What happens then? Williams Edwards shares this noteworthy experience that ended up with reduced expenses, replaced property management team, and even lower tax burden. He also highlights the value of consultancy for better tax benefits. Listen as he shares his story of starting from the ground up and now investing in 5000 units.
[00:01 - 04:29] Opening Segment
- Williams Edwards on the W-2, the software systems, then to real estate
- When multifamily ticks all the boxes as a GP and a KP
[04:30 - 12:21] The Dangers of Overlooked Bandaid Fixes
- Going for a 37-unit instead of a 100-unit…why?
- The perks of operating with your own money
- When the maintenance only go for bandaid fixes without replacement
[12:22 - 21:44] Steps to Take for Better Positioning
- Undertaking the steps to vetting the property managers
- When the underwriting reveals too much expense allocation
- Considering loans, interest rates, and tax valuation for better positioning
[21:45 - 24:49] Closing Segment
- Do your best and follow your heart
- Final words
Tweetable Quotes:
“A lot of people who come into the space think, ‘Oh, it's gonna work from day one, like it's new, out of the box.’ And that's just not the case. ” - Jerome Myers
“You don't really know what you got out of the gate, you know? Just do your best job. Follow your heart.” - Williams Edwards
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Go to rentometer.com to get a free 7-day trial and try it out for yourself.
Rentometer: your source for local rents, comps, trends, property details, and more.
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
Real Estate Done Right: Syndications and Smart Partnerships - Keshav Kolur
25:48
Long-Term Hold: That’s Where the Value - Ray Glymph
24:53
Avoiding Costly Legal Mistakes in Real Estate - Bishoy Habib
23:57
Rate Caps, Capital Woes, and Partner Power - Julie Anne Peterson
30:57
High Emotions, Low Intelligence - Bob Lachance
21:52
Unmasking the Realities of Multifamily Investing - Emma Powell
32:00
FOR RENT! Employment Optional - Christy Keeton
17:51
When Instincts Aren't Enough - Steven Weinstock
29:27
2 Properties 1 Major Misstep - Christy Keeton
12:21
Closing Day Debacle - Jerome Myers
25:10
Be Wary of the Midas Syndrome - Matthew Drouin
19:16
Vet the Property Manager Or Regret - Michael Sampson
13:06
Delinquency... - Tommy Brant
21:41
Make Sure You Tie the Deal Up - Sam Wilson
20:06
Active Duty Passive Income - Tim Kelly
24:56
Make Sure You Understand Who Controls the Capital - Dave Seymour
25:53
Get Off the Sidelines - Justin Britto
27:24
Inflation Increases Your Expenses - Ben Fraser
25:18
Wait it Didn't Go Up in Value - Axel Ragnarsson
24:19
Why are More People Moving Out than Moving In? - Sonya Rocvil
25:14
Make Sure You Tour the Property at Night - Alex Moore
15:27
Inefficient "Safe" Dollars - Rod Zabriskie and Blake Brogan
36:04
Is The Rehab Budget Right? - Chris Grenzig
22:02
Did you do the Septic System Inspection? - Ayal Joshua
19:24
No Sampling when Doing Due Diligence - Williams Edwards
24:48