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Business
Education
Investing

Apartment Building Investing with Michael Blank Podcast

Updated about 15 hours ago

Business
Education
Investing
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Invest in Apartment Buildings with Private Money

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Invest in Apartment Buildings with Private Money

iTunes Ratings

343 Ratings
Average Ratings
298
22
9
5
9

Educational and insightful

By jamespatrickjp - Aug 07 2018
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Great podcast with high quality guests and a good mix of education and inspiration

Great content and delivery!

By timhubbard - Jul 31 2018
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Thanks Michael for putting out such great content and delivering it so well!

iTunes Ratings

343 Ratings
Average Ratings
298
22
9
5
9

Educational and insightful

By jamespatrickjp - Aug 07 2018
Read more
Great podcast with high quality guests and a good mix of education and inspiration

Great content and delivery!

By timhubbard - Jul 31 2018
Read more
Thanks Michael for putting out such great content and delivering it so well!
Cover image of Apartment Building Investing with Michael Blank Podcast

Apartment Building Investing with Michael Blank Podcast

Updated about 15 hours ago

Read more

Invest in Apartment Buildings with Private Money

Rank #1: MB 134: From Zero to 112 Multifamily Units in 9 Months – With Kyle Collins

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When you know, you know. Once Kyle Collins fell in love with multifamily as an asset class, he didn’t waste any time. Today, he joins me to explain how he went from zero to 112 units in just 9 months and quit his job to pursue real estate investing full time!
Nov 08 2018
30 mins
Play

Rank #2: MB 174: Put Your Money in Motion with Passive Investing – With Ryan McKenna

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If you make good money, and you want to make it work for you, passive investing in multifamily syndications may be a perfect fit. But what are the benefits of apartment investing compared to the stock market? How do you choose an operator you can trust? What happens if there’s an economic downturn? Can you really achieve financial freedom with passive investing?

Ryan McKenna is the founder of McKenna Capital, a private equity firm that helps investors build long-term wealth through value-add multifamily, self-storage and manufactured home park investments. Ryan has invested in 30-plus real estate and business syndications worth more than $600M, and his current portfolio includes 7,800 units in markets across the country. Ryan’s role at McKenna Capital involves overseeing acquisitions, capital raising efforts, investor relations and asset management.

Today,
Ryan joins me to explain why he chose the path of passive investing and discuss
what drew him to multifamily over other investment options. He shares the generous
tax benefits of multifamily syndications, offering a high-level overview of how
to leverage the cost segregation analysis to accelerate depreciation. Listen in
for Ryan’s insight on
how to vet an operator and learn how to put your money in motion and achieve
financial freedom as a passive investor!

Key Takeaways

How Ryan got
started in real estate

  • Learned about multifamily syndications in college
  • Used Rich Dad… as blueprint for financial freedom

Why Ryan
chose passive over active investing

  • Enjoyed work in corporate world
  • Found good operating partners with track record

Why Ryan
chose multifamily over other investment options

  • 16-20% annual return, 8-9% cash-on-cash return
  • Generous tax benefits, predictable in downturn

The beauty
of the multifamily cash out refinance

  • Get back 100% of money plus cashflow
  • Redeploy in another deal for additional income

A high-level
overview of the cost segregation study

  • Accelerates depreciation on parts of property
  • Big tax advantages up front (huge taxable loss)

Ryan’s
advice for aspiring passive investors

  • Reach out to people already doing it, ask Q’s
  • Diversify in multiple markets, operating
    partners

How Ryan
vets a multifamily operator

  • Look for character, integrity and trust
  • Communication style + transparency
  • Track record (execute on business plan)

Ryan’s
insight on waiting until after a downturn

  • Money in bank losing value with inflation
  • ‘Bad deal’ still returns 8 to 12% + tax benefits

Ryan’s
timeline to financial freedom for passive investors

  • Invest $100K per year for 5 years
  • Passive income stream of $140K

How Ryan’s
life has changed now that he’s financially free

  • More time with family, lifestyle by design
  • Passionate about real estate (full-time
    syndications)

Ryan’s
transition from passive to active investing

  • Co-syndicating deals as part of general
    partnership
  • Raise capital, introduce investors into
    multifamily

Connect with Ryan

McKenna Capital

Resources

Deferred Sales Trust on ABI EP166

What’s the Best Investment: The Stock Market or Real Estate?

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki

Nighthawk Equity

Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

Aug 15 2019
37 mins
Play

Rank #3: MB 146: What You Need to Know About Multifamily Financing – With John Brickson

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Securing the financing you need can make or break a real estate deal. Today, John Brickson of Old Capital joins me to discuss the most common mistakes investors make when it comes to multifamily financing, the advantages of working with an intermediary, and the differences among Fannie Mae, Freddie Mac and bridge loans.
Feb 01 2019
32 mins
Play

Rank #4: MB 151: Uncovering Off-Market Multifamily Opportunities for Unlimited Deal Flow – With Cory Boatright & Sean Terry

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In a climate where good deals are hard to find, off-market opportunities are key for multifamily real estate investors. But how do you find property owners who might be willing to sell? Today, Cory Boatright and Sean Terry join me to share the resources and marketing strategies they use to source unlimited deal flow!
Mar 08 2019
40 mins
Play

Rank #5: MB 130: Raising Private Capital to Grow Your Multifamily Portfolio – With Matt Faircloth

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Are you still skeptical that you can build a real estate business using other people’s money? Or, maybe you don’t think your sphere of influence has access to that kind of capital. Matt Faircloth joins me to explain where to look for money within your network and how to grow a multifamily portfolio using private capital.
Oct 11 2018
30 mins
Play

Rank #6: MB 168: MAKE the Time for Multifamily & Quit Your W-2 Job – With Anna Kelley

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Don’t think you have the time to start investing in multifamily? Anna Kelley is a wife and mother of 4 who worked a demanding full-time job AND built a real estate portfolio on the side. Today, she joins me to explain how she took consistent action—and quit her job with apartment building investing!
Jul 04 2019
42 mins
Play

Rank #7: MB 139: Financial Independence Through Multifamily (One Rental at a Time) – With Michael Zuber

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Real estate is a secure place to put your money. But your cashflow potential increases exponentially if you’re willing to invest in apartment buildings. Today, Michael Zuber joins me to explain how he opened his mind to multifamily and achieved financial freedom—One Rental at a Time!
Dec 14 2018
33 mins
Play

Rank #8: MB 161: Break into the Multifamily Business with Joint Ventures – With Jens Nielsen

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What’s the best way to break into multifamily? Active or passive investing? Go it alone or partner with a team? Raise capital or syndicate deals? Today, Jens Nielsen joins me to share the benefits of each strategy and explain how to leverage the power of joint ventures to invest in bigger deals early on!
May 16 2019
33 mins
Play

Rank #9: MB 170: Maximizing ROI in Value-Add Multifamily Deals – With Ira Singer & Marc Rutzen

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Adding value to a multifamily property is what allows us to raise rents and earn a solid ROI. But how do we choose a contractor? As owners, how active should we be in managing the construction itself? What is the property manager’s role in a construction project? How do we know what amenities work in a particular market—and what they’re worth to renters?

Ira Singer is the Principal at Mosaic Construction, a design-build industry leader based in Northbrook, Illinois. Mosaic provides best-in-class renovation, remodeling and building services for multifamily, residential and commercial property owners and managers. Marc Rutzen is the CEO of Enodo, a machine learning platform that analyzes multifamily investments and calculates the ROI on value-add amenities.

Today, Ira and Marc join me to discuss the ins and outs of doing a value-add multifamily deal. Ira explains how the owner, property manager and contractor work together on a large-scale construction project, sharing the integral role communication plays in the process. Marc describes how amenity pricing varies by market and weighs in on the trend to offer services like pet daycare and credit card payments. Listen in for insight around making value-add choices that will allow you to increase rents, decrease operating costs, and boost your ROI overall!

Key Takeaways

The role a construction company plays in acquiring property

  • Site visit, bring architect if necessary
  • Discuss scope of work + lend eye as ‘building inspector’

The owner’s role in overseeing a construction project

  • Review daily updates (photos + written explanation)
  • Make important decisions

The property manager’s role in a construction project

  • Provide access and notify residents
  • Communicate with onsite project manager

How to approach large-scale value-add projects

  1. Empty building for full unit makeovers
  2. Two-day refresh of occupied units

Ira’s advice on hiring and managing a contractor

  • Develop relationship with construction partner
  • Monitor progress with strong communication

What construction gone wrong looks like

  • Failed inspections
  • Poor communication, execution

Ira’s insight around how to increase ROI

  • Pay attention to building envelope
  • Solid roof, gutters, windows and doors

Ira’s tips for reducing expenses on a property

  • Maintenance-free siding and windows
  • Efficient HVAC system, insulation in attics

How amenity pricing varies by market

  • Rooftop deck $32 nationally, $45 in Miami
  • Pool $30 in Miami, $50 in Chicago

The trend toward offering services

  • Pet daycare and dog walking
  • Storage (e.g.: package lockers, bikes)
  • Accepting credit card payments

Connect with Ira

Mosaic Construction

ira@mosaicconstruction.net

Connect with Marc

Enodo

marc@enodoinc.com

Resources

Deal Maker Live

Save Water Co

National Apartment Association

CoStar

Partner with Michael

Michael’s Mentoring Program

Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

Jul 18 2019
35 mins
Play

Rank #10: MB 159: Work Less & Make More as a Passive Investor in Multifamily – With Paul Moore

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Are you a high-earner looking to get into the real estate game as an active investor? Why work harder than necessary to make less than you could? Today, Paul Moore joins me to discuss the advantages of passive investing in commercial real estate, including the tax benefits, consistent return, and minimal risk profile!
May 03 2019
29 mins
Play

Rank #11: MB 162: Quit Your Job & Control Your Own Destiny with Multifamily – With Danny Randazzo

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Imagine having the passive income to quit your job. Imagine having the freedom to control your own time—and financial destiny. Imagine having the means to build wealth for your family long-term. Today, Danny Randazzo joins me to explain how he is making the transition from employee to full-time investor with a robust multifamily portfolio!
May 23 2019
34 mins
Play

Rank #12: MB 138: Syndication vs. Creative Financing for Multifamily Capital – With Jake Stenziano & Gino Barbaro

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While syndication is the most popular way to raise money to fund a multifamily deal, it is not the only option. Today, Jake Stenziano and Gino Barbaro explain how they built an impressive portfolio by way of creative financing—and why they are adding syndication to their repertoire now!
Dec 07 2018
35 mins
Play

Rank #13: MB 157: Achieving Financial Freedom as a Passive Investor in Multifamily – With Doug Marshall

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So, you want to achieve financial freedom with real estate investing, but you’re a busy person with a demanding job and a lot of responsibility. You don’t have time to learn the ins and outs of putting together an advisory team, finding a good deal, or making decisions about the financing and management of a […]
Apr 19 2019
31 mins
Play

Rank #14: MB 145: Luring Passive Investors to Raise Money for Multifamily – With Tim Bratz

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Raising private money is a lot like fishing: You put a lure in the water and then wait for the investors to come to you. Today, multifamily investor Tim Bratz joins me to discuss the current opportunity around raising capital for apartment buildings and explain how he grew a 2K-unit portfolio in just 42 months!
Jan 25 2019
34 mins
Play

Rank #15: MB 149: How Real Estate Investing Can Save Your (Financial) Life – With AJ Osborne

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18 months ago, AJ Osborne fell ill with a disease that left him completely paralyzed and comatose, and he spent several months on life support. Today, he joins me to explain how sustainable passive income from real estate investing allowed him to focus on healing and continue to support his family as he recovered.
Feb 22 2019
32 mins
Play

Rank #16: MB 172: Building an Investor Pipeline for Multifamily Syndications – With Kyle Mitchell

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Once you get a multifamily deal under contract, the clock starts ticking. You have limited time to raise capital, so it’s super-important that you’ve already built relationships with potential investors and have a database to call on. But how do you transition from simply talking to people about the opportunity to invest with you to building a formal pipeline of truly interested investors?

Kyle
Mitchell is Managing Partner at Limitless Estates, a
multifamily firm investing in the Phoenix and Tucson markets. He started
investing in single-family in 2015, building a $1M portfolio of nine properties
in Illinois, Ohio and Arkansas, before quitting his W-2 job to pursue
multifamily in 2018. Within two months of going all-in on apartment buildings,
Kyle landed a 42-unit deal, and he is currently negotiating a $15M 128-unit
deal. Kyle is also the host of the Passive Income Through
Multifamily Real Estate Investing Podcast
.

Today,
Kyle joins me to explain his decision to quit his 9-to-5 before he had a
multifamily deal, discussing the benefits of going full-time and the way he got
brokers to take him seriously. He shares the details of his first multifamily syndication,
describing how he raised $1M in 60 days and why he had to switch lenders late
in the process. Listen in for
Kyle’s advice around finding a mentor and building your team—and get his
blueprint for building an investor database for multifamily syndications!

Key Takeaways

Why Kyle
quit his job before he had a multifamily deal

  • Savings and wife’s income made possible to go
    all-in
  • Accelerate progress after 10 months building
    pipeline

How Kyle and
his wife’s goals were in alignment

  • Already investing in SFH, did SDA course
    together
  • Goal to become entrepreneurs + control time

Kyle’s
insight on the benefits of going full-time

  • Ability to visit markets more often
  • Brokers take more seriously

How Kyle got
brokers to take him seriously

  • Build relationships over 6 months (persistence)
  • Meetup, newsletter and podcast
  • Mentorship and coaching

Kyle’s first
multifamily deal

  • 42-unit property near U of A in Tuscon
  • Mismanaged by SFH property manager

When Kyle
started raising money

  • Building investor list for 10 months before
  • Webinar after signed, $1M raise in 60 days

How Kyle
built his investor database

  • Leads from podcast, newsletter + meetup
  • One-on-one meetings to determine interest

How Kyle
overcame objections re: lack of track record

  • Professional experience in management
  • Real estate license and SFH portfolio
  • Coaches, education, mentors + partners

Kyle’s
insight on the Law of the First Deal

  • LOI for second property within 3 weeks
  • $15M 128-unit deal with same partners

Kyle’s
advice for aspiring multifamily investors

  1. Double number of investors
  2. Always be raising money
  3. Be transparent with lender
  4. Set up team in advance

Kyle’s
blueprint for following in his footsteps

  • Find mentor that fits goals
  • Define goals + take action
  • Build partnerships

Connect with Kyle

Limitless Estates

Passive Income Through Multifamily Real Estate Investing Podcast

Email kmitchell@limitless-estates.com

Resources

Uganda Counseling and Support Services

MailChimp

Michael’s Ultimate Guide Course

Michael’s Mentorship Program

Syndicated Deal Analyzer and Sample Deal Package

Nighthawk Equity

Deal Maker Live

Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

Aug 01 2019
35 mins
Play

Rank #17: MB 158: The Danger in Using Your IRA to Invest in Multifamily – With Damion Lupo

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Are you using your IRA to invest in a multifamily syndication? Then brace yourself for an unexpected tax bill when the asset sells. Today, Damion Lupo joins me to explain why the QRP is a better vehicle for real estate investors to avoid Unrelated Business Income Tax and regain control of your retirement savings!
Apr 26 2019
28 mins
Play

Rank #18: MB 169: Burning the Boats to Go All-In on Multifamily – With Jerome Myers

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Should you burn the boats and go all-in on multifamily? Today, Jerome Myers joins me to explain what motivated him to walk away from a six-figure engineering job and pursue real estate investing—before he’d done a single deal! Listen in for Jerome’s insight on leveraging partnerships and coaching to make your dreams real.
Jul 11 2019
41 mins
Play

Rank #19: MB 150: From Starving Artist to Financially-Free Multifamily Investor – With Mark Hentemann

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Imagine having the financial security to do what you love, even if that work happens to be in an unpredictable industry like entertainment. Today, Mark Hentemann joins me to explain how he went from starving artist to financially-free real estate investor, writing scripts for Family Guy while he built a 185-unit multifamily portfolio!
Mar 01 2019
30 mins
Play

Rank #20: MB 171: Passive Investing in Today’s Market – With Bronson Hill

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If you’ve got money to invest, you’ve got a lot of options. So, what are the pros and cons of the stock market? Single family homes? Multifamily syndications? What’s the difference between active and passive investing? And how will the predicted market correction impact each of these opportunities?

Bronson Hill is the Director of Investor Relations at Nighthawk Equity, the investing arm of the Michael Blank organization. Bronson started investing in real estate 13 years ago, building a strong single-family portfolio before he transitioned to multifamily. Now, Bronson is the General Partner for 225 units, and he is passionate about sharing the benefits of passive investing in multifamily syndications.

Today, we switch things up and Bronson interviews me about the options available to passive investors. I weigh in on the downside of investing in the stock market, explaining why the actual return is much lower than what your financial advisor tells you! We also cover the advantages of investing in multifamily syndications, including the below-average risk and extraordinary tax benefits. Listen in for insight around the potential market correction everyone is talking about and learn what we do at Nighthawk Equity to protect our investors from the possibility of a downturn.

Key Takeaways

The disadvantages of investing in the stock market

  • Actual return much lower than published #s
  • Influenced by volatility, fees, taxes + inflation

The downside of investing in single-family homes

  • Susceptible to market cycles
  • Issues around property management

The advantages of multifamily syndications

  1. Below-average risk
  2. Cashflow
  3. Build wealth
  4. Tax benefits
  5. Hedge against inflation

Active vs. passive investing in multifamily

  • Active = find deals and/or raise capital
  • Passive = limited involvement in day-to-day

The market outlook for multifamily

  • Cognizant of possible correction
  • Taking steps to protect investors

How to protect yourself from a market correction

  1. Take on long-term debt
  2. Look for cashflow from Day 1
  3. Set aside and build reserves
  4. Conservative underwriting

Connect with Bronson

Nighthawk Equity

Email bronson@nighthawkequity.com

Resources

Deal Maker Live

What’s the Best Investment? The Stock Market or Real Estate

Doug Duncan on CNBC

Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

Jul 25 2019
26 mins
Play

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