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Multifamily Millionaire

5 Podcast Episodes

Latest 27 Nov 2021 | Updated Daily

Weekly hand curated podcast episodes for learning

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559: The Multifamily Millionaire

Old Dawg's REI Network with Bill Manassero

Can one property make you a millionaire? It can if it's a multifamily property. Brian Murray, real estate mogul and author of the best selling book Crushing It in Apartments and Commercial Real Estate and now, co-author with BiggerPockets' Brandon Turner, of a new two-volume book set entitled The Multifamily Millionaire,  returns to our podcast to share how easy multifamily investing is and how it is one of the best recession-proof investments available. For complete show notes go to http://olddawgsreinetwork.com/559-the-multifamily-millionaire/  IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn real estate investing.


4 Oct 2021

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How to Become a Multifamily Millionaire with Brandon Turner from BiggerPockets

Just Start Real Estate with Mike Simmons

I am so excited to have as my guest today Brandon Turner. Brandon is a real estate investor, entrepreneur, and speaker, widely recognized as one of the foremost experts on real estate investing. He is also the popular host of the BiggerPockets podcast with over 100 million downloads, best selling author of several books, and founder and managing member of Open Door Capital. He has been featured in numerous online and print publications like Forbes.com, Entrepreneur.com, and Money Magazine. Brandon first shares his background story and how he got into real estate. After getting his college degree in history, Brandon knew that he had two options: become a history teacher or become a lawyer. He chose the latter. But pretty soon he realized that being a lawyer really stunk. He wasn’t ready for 60 to 100-hour work weeks just to be able to retire rich at seventy years old. So, he decided to rebel against that by selling his house and buying a duplex just as the market crashed in 2007. That started his journey into multifamily real estate.  We then move on to discussing how Brandon got involved with BiggerPockets. When he was 24 years old, Brandon bought a twenty-four unit apartment building. He spent a couple of years fixing it up and by the time he was 27, the building was done and all of the units were rented. He decided to quit his job and retire early. Soon, he started guest posting on BiggerPockets, the biggest real estate blog at the time. He became friends with Josh Dorkin, founder of BiggerPockets and (according to Brandon) he came up with the idea of starting a podcast.  Brandon then explains his decision to move to Maui two years ago. He was living in western Washington at the time with 300 cloudy days a year. One day, he was at a kid’s birthday party and met Jared. Jared was also a businessman who moved to Hawaii a few years prior. Brandon shares that at that moment his mindset expanded and he decided to visit Hawaii for a month. He loved it and decided to go again, this time for three months. At the end of this trip, he ended up buying a house on Maui.      We then talk about Brandon’s company Open Door Capital. Brandon first owned a property management company called Open Properties in Washington State. He was buying a couple of properties a year, but he realized that wasn’t enough. In 2018, he decided that he wanted to go bigger. He started Open Door Capital in Hawaii with his friend Brian Murray with the goal of owning 1,000 units and 50 million dollars in real estate in the next three years. Today, they have 3400 units and 197 million dollars in real estate.   Eventually, we dive into discussing Brandon’s new books The Multifamily Millionaire, Volumes I and II. Brandon explains his stack method of exponential growth in real estate that is described in Financial Freedom in Five Years Through Multifamily, Volume I. He explains the difference between linear and exponential growth and how multifamily allows you to go from 1 unit to 5, to 20, to 50 and to reach financial freedom through five or six purchases in five years. He also goes on to explain a bit more about small multifamily and how to find your first deal. Brandon’s advice is to define your Crystal Clear Criteria: (1) your property type (2) location (3) condition (4) price range and (5) profitability.  Lastly, we talk about the biggest mistakes that people make when they go into the world of multifamily. According to Brandon, the biggest mistake that people make is that they are treating it like a hobby. Eventually, they get frustrated and they don’t stick with it. But if they treat it like a business, their chances of achieving that exponential growth and financial freedom are much higher.  Don’t miss this incredibly fun and inspirational episode of the Just Start Real Estate Podcast, with Brandon Turner, truly an amazing guy and businessman!  Notable Quotes: “I like multifamily. Multifamily is easier to treat like a business” Brandon Turner “Most of us just accept the life that we’re given and we don't really think outside of that until something breaks you out of it.” Brandon Turner “I was not happy with where I was in life and I believe that's because I was not living up to my potential or what I knew was possible.” Brandon Turner “It shows the power of having a clear vision, getting the right people on board, getting really good at a certain niche, and then having a system by which you manage those people.” Brandon Turner “Those of us who are growth-minded, we're always pushing to the next level, and trying to get a deeper understanding of what the world really is, and how we function in it.” Brandon Turner “Our mindset determines our actions and our actions determine our results.” Brandon Turner “What I've come to realize is that our mindset has way more to do with success than the tactics.” Mike Simmons “For somebody who is just getting started, if you're willing to take on the challenge of that size of a property like I was on my first 24-unit, it can get you out of a 9-to-5 job. It can just completely change your life.” Brandon Turner “In this industry and in this market, you have to be better than average to be able to get deals.” Brandon Turner “Wherever you invest, choose a market that supports your goals.” Brandon Turner Links: Brandon on Instagram Brandon’s Text Message List: Behind the Beard The Intention Journal by Brandon Turner  The Multifamily Millionaire, Volume I by Brandon Turner  The Multifamily Millionaire, Volume II by Brandon Turner Vivid Vision by Cameron Harold 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

1hr 2mins

2 Aug 2021

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#124: Jason Lee: The Multifamily Millionaire: Real Income From Real Estate

Get in the Cashflow Game with K&K | A Podcast for Multifamily Real Estate Investors and those Looking to get in the Game

Changing it this week with a twist on the podcast. Instead of asking all the questions this time around, we are getting interviewed by Jason Lee.Jason Lee, is an experienced multifamily investor and agent in San Diego County. He has worked with and learned from several successful multifamily real estate investors, many of them 8 to 10 figure net worth investors; helping them to acquire, sell, and 1031 exchange in order to improve, diversify, and safeguard their portfolios. His transactions & insights are routinely shared in the San Diego Business Journal and Costar. There is a reason he is one of the top producing commercial real estate agents in San Diego County and highly respected by his investors. In today's podcast we go over: What to consider if you’re getting into real estate investment for the 1st time. A breakdown of how a ‘Pre Pay Penalty’ works and what it is exactly. The importance of having a good loan broker on your side.  From the investor side of things, what Kenny & Krystle look for when investing in a building and what a first-time investor should look for. The pluses of owning and investing in the San Diego area right now. A look into why Kystle & Kenny decided to go into real estate investing (hint it has to do with freedom and cash flow). You can find out more about Jason Lee at:Website: https://www.jlmrealestateinc.comPodcast: https://c-suitenetwork.com/radio/shows/the-multifamily-millionaire-real-income-from-real-estate/Instagram: https://www.instagram.com/jasonjosephlee/YouTube: https://www.youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLswYou can check out Get in the Cashflow Game at:  Website: https://getinthecashflowgame.com Instagram: https://www.instagram.com/getinthecashflowgame/ Youtube: https://www.youtube.com/channel/UCKCq8ChflxF7qWPfV395eag Facebook: https://www.facebook.com/getinthecashflowgame You can find more information about Kenny Simpson at:  Website: https://www.simpsonmortgage.com Instagram: https://www.instagram.com/kennybsimpson/ Facebook: https://www.facebook.com/Kenny-Simpson-111871733890408 You can find more information about Krystle Moore at:  Instagram: https://www.instagram.com/krystlerosemoore/ Website: www.pacificshorecapital.com Instagram: https://www.instagram.com/pacificshorecapital/ Facebook: https://www.facebook.com/Krystle-Moore-273576823172681 Facebook: https://www.facebook.com/PacificShoreCapital Learn more about your ad choices. Visit megaphone.fm/adchoices


27 Jul 2021

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Mentoring from the Multifamily Millionaire Maker | Brad Sumrok

The Multifamily Investing Show with Michael Becker

On the sixth episode of The Multifamily Investing Show, Michael sits down with Brad Sumrok, the founder of Brad Sumrok Apartment Investor Mastery. Starting out as a Real Estate Investor, Brad has built one of the largest and most successful Multifamily Mentorship programs in the Nation. After being a successful real estate investor for nearly two decades, Brad discusses his vision that he turned into his successful program that has helped thousands of people to learn how to become financially free by investing in Apartments. As he describes, it is much more than a real estate educational platform, it is a ecosystem where its' members get access to everything one needs to successfully buy a Multifamily deal. From underwriting tools, checklists, mentoring, introduction to service providers, access to debt, access to equity and leveraging his groups track record to be taken seriously by the brokerage community. His program has successfully helped launch the careers of numerous Multifamily Syndicators over the past 7 years. Michael discusses the real impact he has observed that the Sumrok Students have had in the Texas Markets. Brad describes how the programs reach has grown from its origins in Texas, to now starting to have a impact in many markets across the country. Love him or hate him, it is impossible to deny the Sumrok mentoring program has made its mark on the Multifamily industry. You will want to hear what he has to say.🚨 Subscribe to this channel, please click here: 👇👇👇👇👇👇👇https://www.youtube.com/channel/UCXyQ1MjvkZkrbiVqjWZzgwA?sub_confirmation=1Join Michael Becker, a Principal at SPI Advisory and a Dallas-based Multifamily Operator who has purchased over 10,000 apartment units and manages over $1 Billion in Assets. Join us as Michael interviews the top players in the world of multifamily brokerage, investment, financing, and economics.Michael Becker is a Principal at SPI Advisory LLC and heads SPI’s Dallas, Texas office. SPI Advisory specializes in repositioning multi-family assets. Through professional asset management and a high level of integrity, SPI Advisory increases the value of properties while improving the quality of life for its residents. SPI Advisory derives stakeholder value through hands-on asset management and construction oversight. Our exclusive multi-family focus enables better pricing of value and risk to identify projects with superior risk-adjusted returns.Prior to forming SPI Advisory, Michael was a 15-year veteran Commercial Real Estate Banker and has originated and managed numerous portfolios of permanent and bridge loans in all major asset classes. Over the last 5 years of his banking tenure, Michael focused exclusively on multi-family properties, where he was the number one loan producer for his division at a Top 3 National lender for his last 3 consecutive years.Michael is a lifelong resident of North Texas and a graduate of The University of North Texas with a BBA in Finance. Under Michael’s leadership, SPI Advisory has acquired over 10,000 units in the DFW & Austin markets.For more information about The Multifamily Investing Show, please simply visit Our Website - https://multifamilyinvestingshow.comAppointments:https://m.me/multifamilyinvestingshowhttps://www.facebook.com/multifamilyinvestingshowEmail: support@spiadvisory.comAddress: 8226 Douglas Avenue, Suite 455 Dallas, TX 75225LET'S CONNECT!Contact Us: https://multifamilyinvestingshow.com/Facebook: https://www.facebook.com/multifamilyinvestingshowTwitter: https://twitter.com/MultifamilySInstagram: https://www.instagram.com/MultifamilyinvestingshowLinkedIn: https://www.linkedin.com/in/michael-becker-spiadvisory/Follow Michael on Social Media:Facebook: https://www.facebook.com/multifamilyinvestingshowYouTube: https://www.youtube.com/c/TheMultifamilyInvestingShowLinkedIn: https://www.linkedin.com/in/michael-becker-91540a58/The Multifamily Investing Show with Michael Becker official website:: https://multifamilyinvestingshow.com/#multifamily #themultifamilyinvestingshowwithmichaelbecker #investing #cashflow #passiveincome #realestateinvesting #multifamilyinvesting #apartmentinvesting #howtobuyapartments #michaelbecker #becker #spiadvisory #sumrok #bradsumrok #richdad #ratrace #ratracetoretirement #retirein5


5 Jan 2021

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938: Small Changes, BIG Results: Multifamily Millionaire Jamie Gruber

Real Estate Rockstars

Are daily habits dragging you down? A few small changes might make a major difference down the line. Today’s guest, Jamie Gruber, is a big believer in the power of positive habits. After all, they helped him acquire over 40 doors while holding a full-time job. Tune in and discover what habits had the greatest impact on his success in real estate. You’ll also hear what Jamie looks for in a multifamily property, one simple trick for staying positive, and more.Get Instant Access to Hundreds of Free Real Estate ToolsVisit hibandigital.com/toolboxClaim Real Estate Discounts, Free Trials, and MoreVisit hibandigital.com/resourcesSponsorsRebus University - Get Over $10,000 in Real Estate Training for as Little as $97Visit futureofrealestatetraining.comPadHawk - Find Your Market's Best Leads for FREE with a 7-Day TrialVisit padhawk.comRoddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure ListVisit 4closure.info Learn more about your ad choices. Visit megaphone.fm/adchoices


23 Nov 2020