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Rank #49 in Investing category

Business
Education
Investing

Apartment Building Investing with Michael Blank Podcast

Updated 2 days ago

Rank #49 in Investing category

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

354 Ratings
Average Ratings
305
24
11
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

354 Ratings
Average Ratings
305
24
11
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!

Episodes of:

Cover image of Apartment Building Investing with Michael Blank Podcast

Apartment Building Investing with Michael Blank Podcast

Updated 2 days ago

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Invest in Apartment Buildings with Private Money

MB 183: Pursue a Meaningful Life Through Multifamily Investing – With Drew Whitson

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Most of us would really like to live a life of purpose. Problem is, working a traditional W-2 job can take all the good out of you. We come home exhausted and have little bandwidth left for our families, so the idea of serving others seems totally out of reach. But what kind of impact could you make if your living expenses were covered? What if you had the time freedom to pursue a meaningful life? What if multifamily real estate investing could get you there in three years?

Drew Whitson is a full-time real estate investor with a portfolio of 1,000-plus units in five states. He also happens to run The Michael Blank Investor Incubator, serving as a mentor and coach to help aspiring multifamily investors do their first apartment building deal. Drew spent 16 years working in corporate finance before leaving his W-2 job at a boutique investment banking firm in early 2018 to focus exclusively on his real estate career.

On this episode, Drew joins me to explain how achieving financial freedom has given him the opportunity to pursue a meaningful life.  He describes how getting laid off twice in a single year inspired him to control his own destiny by way of multifamily syndication. Drew walks us through his first few apartment building deals and discusses why buying a 32-unit property was so much easier than a fourplex! Listen in for Drew’s insight around raising money BEFORE you have a deal under contract, getting brokers to take you seriously as a newbie, and joint venturing with partners who share your vision for the future.

Key Takeaways

How financial freedom changed Drew’s life

  • Opportunity to pursue meaningful things
  • Impact world through service to others

The capacity to live a meaningful life AND work full-time

  • Must be extraordinarily intentional
  • Options open up once expenses covered

What inspired Drew to build an identity beyond his W-2

  • Laid off twice in single year
  • Sense of determination to control own destiny

Drew’s real estate experience prior to quitting his job

  • Bought multiple SFH when market down
  • Built portfolio of 400 multifamily units

What drew Drew to multifamily investing

  • Only asset can buy with other people’s money
  • Appreciation, resilience, tax benefits and scale

Drew’s first multifamily real estate deals

  • Bought fourplex with partner through Wells Fargo
  • 32-unit with small commercial lender much easier

Drew’s experience of raising money for the first time

  • Terrified of losing friends/family money
  • Learned that money follows good deals

How to raise money WITHOUT a deal under contract

  • Put together sample deal package
  • Soft commitments from potential investors

How to get brokers and investors to take you seriously

  • Build great team to help execute
  • Be specific about what you want
  • Use right language
  • No substitute for action

How long it takes Drew’s students to get competent

  • 30 days to get comfortable with language
  • 90 days for market analysis, team and tools

The power of joint venturing in multifamily

  • Engaged community keeps you motivated
  • Play to strengths + scale portfolio together

Drew’s advice for aspiring multifamily syndicators

  • Find likeminded people at Meetup groups
  • Get educated through books and podcasts
  • Commit to vision and take ACTION

Connect with Drew Whitson

The Michael Blank Investor Incubator

Resources

Dave Ramsey’s Financial Peace University

Drew Kniffin

Nighthawk Equity

David Kamara on ABI EP182

Meetup.com

Deal Maker Live

The Miracle Equation: The Two Decisions That Move Your Biggest Goals from Possible, to Probable, to Inevitable by Hal Elrod

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

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

Oct 14 2019

39mins

Play

MB 182: An Action-Oriented Approach to Financial Freedom with Multifamily – With David Kamara

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Real estate investors come in many different shapes and sizes. Some young, some older. Some with financial resources, others without. But the one thing they ALL have in common is hustle. They balance learning with DOING, taking action to achieve their dreams of financial freedom through multifamily.

David Kamara was working a demanding job in management consulting, traveling as much as 48 weeks a year. In an effort to spend more time with his family, David enlisted the help of a mentor to fast-track his real estate career and closed on his first 40-unit multifamily deal in October of 2018. Within a year, David had replaced his income, and today, he has a portfolio of 247 units. He runs his own management consulting business as well as Cape Sierra Capital, an apartment building investing firm that focuses on undervalued multifamily properties in the Midwest and Southeast US.

On this episode, David joins me to explain how his daughters inspired him to make time for multifamily and what he did to get started.  He walks us through his first 40-unit deal, discussing how having a mentor helped get brokers to take him seriously. David also shares his experience with the Law of the First Deal, explaining how he had two more deals under contract within two months of closing! Listen in for David’s advice to aspiring multifamily investors and learn his action-oriented approach to achieving financial freedom—with or without financial resources of your own!

Key Takeaways

David’s initial real estate goals

  • Buy one house per year
  • Scale up to build wealth

What made David’s plan change

  • Demanding new job as management consultant
  • Moved to Michigan with growing family (4 kids)

What inspired David’s shift to multifamily

  • Work-life balance suffering
  • Replace time spent training for marathons

What David did to get started

What David liked about his first 40-unit deal

  • Nearby complex rents $100 more (wait list)
  • Major employer in area

How David got brokers to take him seriously

  • Introductions from mentor
  • Use right language to avoid proof of funds

David’s experience with the Law of the First Deal

  • Found 18-unit in Chicago within 2 months
  • First broker proposed partnership on 37-unit

David’s first multifamily syndication deal

  • Fully rented 94-unit in MI college town
  • Investors from professional network

How David found time to do real estate with a full-time job

  • Wake up early, stay up late
  • DECIDE to make time for what’s important

David’s advice for aspiring multifamily investors

  • Balance learning with DOING
  • Go out and buy multifamily property

What David would have done without financial resources

  • Create sample deal package
  • Educate potential investors, address objections

Connect with David Kamara

Cape Sierra Capital

Email david@capesierracapital.com

Call (773) 263-2657

Resources

Syndicated Deal Analyzer

The Ultimate Guide to Buying Apartment Buildings with Private Money

LoopNet

Josh Sterling on ABI EP091

Josh Sterling Mentor Bio

Deal Maker Live

The Miracle Equation: The Two Decisions That Move Your Biggest Goals from Possible, to Probable, to Inevitable by Hal Elrod

Michael’s Mentoring Program

Financial Freedom Summit

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

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

Oct 07 2019

42mins

Play

MB 181: Double Your Money Through Passive Investing in Multifamily – With Jan Larson

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What kind of returns can a passive multifamily real estate investor expect? What if you could double your money in just five or six years? And pay little or nothing in the way of taxes?

Jan Larson spent 25 years in the high-stress world of semiconductor development, most recently working for Amazon. He had always been interested in real estate investing but did not want to deal with 3AM phone calls about clogged toilets. Five years ago, a colleague introduced him to a passive investing opportunity, and Jan was hooked. Today, he has invested in 28 multifamily deals involving 34 properties, and in January, Jan had enough passive income to quit his job.

On this episode, Jan joins me to discuss how his life has changed since he quit his job through passive investing in multifamily. He explains how living through the stock market meltdowns in 2000 and 2008 inspired him to diversify with apartment buildings, describing what he loves most about multifamily and sharing the returns passive investors can expect. Listen in for Jan’s advice on how to get started with passive investing and learn how he evaluates deals based on the sponsor and the submarket!

Key Takeaways

How Jan’s life has changed since he quit his job

  • High-pressure work in tech industry
  • Much less stress now

How Jan got started with passive investing

  • Introduced to multifamily by colleague
  • Steady deal flow snowball from there

Why Jan chose real estate over the stock market

  • Lived through meltdown of 2000 + 2008
  • Diversify to reduce exposure to market

What Jan loves about passive investing in multifamily

  • Not binary
  • ‘Set it and forget it’

What allowed Jan to invest in 28 deals in 5 years

  • Liquidated stock investments and Roth IRA
  • Rolled proceeds of sales into other deals

How refinancing a property benefits passive investors

  • % of investment returned (redeploy in new deal)
  • Cash-on-cash return of remaining = 25-30%/year

The returns a passive investor can reasonably expect

  • 8-10% cash-on-cash returns
  • Double money in 5 or 6 years

Jan’s insight around the tax benefits of multifamily

  • Depreciate faster with cost segregation
  • Haven’t paid any taxes on CoC returns

What Jan looks for in a multifamily deal

  • Trustworthy sponsor with track record
  • Submarket in particular + overall market

Jan’s advice for aspiring passive investors

  • Find Meetups to meet sponsors
  • Vet by talking to other investors

Jan’s top takeaway for potential passive investors

  • Multifamily investing gives options

Connect with Jan

Email jan.a.larson@gmail.com

Resources

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

Nighthawk Equity

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

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

Sep 30 2019

27mins

Play

MB 180: Adding Gold to Your Investment Portfolio – With Dana Samuelson & Brien Lundin

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As multifamily investors, we’re all looking to build wealth and achieve financial freedom. The scary part is, we don’t have control over how much our money is worth. And as our government continues to print money with wild abandon and accumulate massive debt, the value of the US dollar declines. Yes, we’re smart to invest in physical assets like real estate to hedge against this kind of currency devaluation. But is there something else we could be putting our money in as an insurance policy of sorts? Something that increases in value as paper assets decline?

Dana Samuelson is the President of American Gold Exchange, a leading precious metals and rare coin company. A professional numismatist since 1980, Dana has been involved in a billion dollars’ worth of precious metals transactions. Brien Lundin serves as host of the New Orleans Investment Conference and Executive Editor of the Gold Newsletter, the oldest precious metals advisory in the world. With 40 years of experience, Brien is an expert in precious metals and mining share markets as well as the economic and geopolitical issues that impact them.

On this
episode, Dana and Brien join me to explain why the average real estate investor
should consider adding precious metals to their portfolio. They describe how
gold serves as a counterbalance to paper assets and warn us about the
accelerating devaluation of US currency. Dana and Brien also discuss the
outlook for gold in the current economic climate, offering insight around the
relationship between interest rates and the value of precious metals. Listen in
to understand the process of buying gold and find out why it should be a part
of your overall investment strategy!

Key Takeaways

Dana’s extensive
background and experience

  • President of American Gold Exchange
  • 40 years in precious metals

Brien’s extensive
background and experience

  • Executive editor of Gold Newsletter
  • Host of New Orleans Investment Conference

Why real
estate investors should care about gold

  • Natural counterbalance to paper assets
  • Gold goes up when stocks, real estate go down
  • Global economy weakening in last 6 months
  • Took off in 2008 during crash (liquid asset)

Brien’s
insight around currency devaluation

  • Central bankers print money with wild abandon
  • US $22.5T in debt, interest rates at global
    all-time lows
  • Forgiving debt = accelerates decline in value
  • Will need to borrow to pay interest in next few
    years

The outlook
for gold in the current economy

  • ‘Gold loves cheaper money’
  • Bond yields plummeted in last 6 months
  • Fed forced to cut interest rates further

How interest
rates impact the value of gold

  • Gold has no interest, must pay carrying cost
  • No burden to buy when interest rates low

The 3 ways
to buy gold and other precious metals

  1. Paper trade via ETFs or GLD
  2. Invest in gold mining stock
  3. Physical gold dealer (sovereign minted)

When to
invest in paper vs. physical gold

  • Paper good when confident in uptrend
  • Need physical as foundation (economic
    uncertainty)

The process
of buying and selling physical gold

  • Call or visit reputable dealer to discuss
  • Pay current price + minting premium and dealer
    fee
  • Gold shipped and insured through FedEx or USPS
  • Store in safe, accessible place
  • Sell to any reputable dealer

Brien’s top
takeaway around investing in gold

  • Precious metals are form of freedom
  • Insulate you from mismanagement of currency

Dana’s top
takeaway around investing in gold

  • At least 5% to 10% of portfolio in gold or
    silver
  • Serves as insurance policy for rest of money

Connect with Dana

American Gold Exchange

Email info@amergold.com

Connect with Brien

Gold Newsletter

New Orleans Investment Conference

Resources

Real Estate Guys

Professional Numismatists Guild

Jim Blanchard

Investor’s Guide to Gold & Silver

Robert Kiyosaki

Peter Schiff

Michael’s Free Webinar

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

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

Sep 23 2019

32mins

Play

MB 179: Take the Next Step to Financial Freedom with Multifamily – With Mauricio Ramos

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Too many aspiring real estate investors never take action because they’re waiting for the right time, or they’re holding off until they know EVERYTHING about multifamily. Spoiler alert: That’s never going to happen! So, what if you simply got prepared for the next few steps and moved forward?

Mauricio Ramos is Managing Member at de Medici Group, a multifamily investment firm based in San Antonio. He specializes in acquiring underperforming assets that can be repositioned to improve the quality of life for tenants and build wealth for investors. Mauricio spent ten years as a Project Manager in the commercial construction industry before leaving to pursue real estate full-time in 2016. To date, he controls $2M in assets and has a portfolio of 234 units across Texas.

On this episode of the podcast, Mauricio joins me to discuss how his life is different now that he’s a full-time real estate investor. He describes how a desire to travel inspired him to pursue passive income and explains how he got his start in mobile homes and single-family wholesaling. Mauricio also shares the impetus behind his transition to multifamily, offering advice around raising money for syndications. Listen in for creative strategies to find off-market deals and get Mauricio’s insight on taking the first step—and THEN figuring out your next move!

Key Takeaways

How Mauricio’s
life is different now

  • Time freedom (work out during day, walk dogs)
  • Travel and go to seminars like Deal Maker Live

Mauricio’s
background and experience

  • Grew up in Mexico, came to US on student visa
  • 10 years as civil engineer/construction manager

What
inspired Mauricio to pursue passive income

  • Quit job for 40-day backpacking trip
  • Desire for freedom to pursue travel

Mauricio’s
introduction to real estate

  • Colleague introduced to single-family rentals
  • Paid cash for mobile homes, wholesaled SFH

Mauricio’s
first 10-unit multifamily deal

  • Sourced through direct mail campaign in 2017
  • Sold 18 months later for 159% ROI

Why Mauricio
transitioned to multifamily

  • Scalability (10 SFH vs. 10-unit)
  • Able to analyze own deals with SDA

Mauricio’s
second and third multifamily deals

  • Wholesaled 8-unit for 5-figure profit
  • Wholesaled 24-unit for 2X annual W-2 income
  • Used money for mentor, passive investment

Mauricio’s
transition to multifamily syndications

  • Sponsored 16- and 32-unit deals in McAllen
  • Raise money from friends, family and coworkers

Mauricio’s
advice to aspiring syndicators

  • Get educated on SEC compliance
  • Provide opportunity vs. ask for money

What’s next
for Mauricio

  • Expand network with seminars, partnerships
  • Goal to grow 600-unit portfolio in 2020

Mauricio’s
insight on off-market opportunities

  • Lack of creativity rather than deals
  • Rach out to brokers and take first step

How to
proceed without a clear plan

  • Be prepared for next 3 steps
  • Confidence in resourcefulness

Connect with Mauricio

de Medici Group

Email mauricio@demedicigroup.com

Mauricio on Instagram

Multifamily: Invest Differently on Meetup

Resources

Grant Cardone

Deal Maker Live

Rich Dad Poor Dad by Robert T. Kiyosaki

The 4-Hour Workweek by Timothy Ferriss

National Real Estate Investor Association

Driving for Dollars on the App Store

Driving for Dollars on Google Play

Syndicated Deal Analyzer

The Ultimate Guide to Buying Apartment Buildings with Private Money

Michael’s Mentorship Program

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

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

Sep 16 2019

36mins

Play

MB 178: 10X Your Multifamily Income with an Extended-Stay STR Model – With Al Williamson

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Real estate investors are cautious when it comes to implementing a short-term rental (STR) strategy because of the regulatory uncertainty in the space and the extra expense of hotel taxes. But what if we could enjoy the benefits of an Airbnb model WITHOUT the uncertainty or the extra expense? Al Williamson leverages an extended-stay strategy targeted at business travelers to 10X his net income on a small multifamily property.

Al is a full-time real estate investor and Managing Partner of Easy Corporate Housing, an extended-stay STR housing solution for business travelers in Sacramento, California. He also serves as a speaker, author and mentor for investors through Leading Landlord, a platform designed to help landlords increase their income and equity. Al has developed creative strategies for growing NOI as much as 10X above a conventional landlord operation, and he shares those tactics in his books, Building Wealth with Inner City Rentalsand 40 Ways to Increase the Net Income of Your Rental Property.

Today, Al joins
me to explain how he quit his job as a civil engineer with the cashflow from an
8-unit property in an inner-city neighborhood. He describes how he went about
fixing the neighborhood and discusses what inspired him to experiment with a
short-term rental strategy. Al also shares how to determine your target market
and walks us through the six types of extended stay customers. Listen in for insight
around the benefits of offering 30-day stays and learn how to identify an ideal
property for the extended-stay STR model! 

Key Takeaways

How Al quit
his job with an 8-unit class D property

  • Reposition inner city neighborhood
  • Leverage pay-day rent schedule
  • Rent bicycles, coordinate internet

How Al got
started investing in real estate

  • Started with house hack (3-unit building)
  • Maintenance costs eating up cashflow

Why Al
purchased the 8-unit class D property

  • Value of 3-unit quadrupled, ‘let’s do it again’
  • Remove blight (gangs, guns and prostitution)

How Al went
about fixing the neighborhood

  • Exercise leadership + create sense of community
  • Easy as calling in broken streetlights, parties
  • Offer cash for keys as necessary

What
inspired Al to try a short-term rental strategy

  • Travel for work himself, hated hotels
  • Net income = 8 to 10X traditional model

How Al implemented
a short-term rental strategy

  • Set aside single unit for business travelers
  • Realized benefits of one-month threshold

The best
areas for an extended-stay, STR strategy

  • Near Extended Stay America, Residence Inn
  • Use Airbnb as backup plan

Al’s advice
for determining your target market

  • List on Airbnb and see who comes
  • Build relationships with local businesses

The top 6
types of extended-stay customers

  1. Vacation travelers
  2. Medical
  3. Military
  4. Student housing
  5. Insurance
  6. Temporary

Why Al only
needs a few units to be successful

  • Huge income per unit ($1800/month)
  • Single unit covers cost of mortgage

The ideal
property for an extended-stay STR

  • Margin far above market rent
  • Furnish according to target guest

Connect with Al

Extended Stay Landlord

Leading Landlord

Al on BiggerPockets

Al on LinkedIn

Resources

Mr. Landlord

Building Wealth with Inner City Rentals: Success the Catalytic Landlord Way by Al Williamson

40 Ways to Increase the Net Income of Your Rental Property by Al Williamson

Tim Hubbard on ABI EP111

Michael’s Mentorship Program

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

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

Sep 09 2019

32mins

Play

MB 177: Tech Tools for Data-Driven Multifamily Investing – With Raj Tekchandani

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Advancements in technology allow us to access and analyze an incredible amount of data. But what does this mean for multifamily investors? Can we make use of tech tools to find off-market deals, for example? What if we could automate the underwriting process? How might machine learning facilitate market analysis?

Raj Tekchandani is the Founder and Managing Principal at Smart Capital Management, a real estate investment firm that focuses on the acquisition and management of value-add multifamily properties. Raj brings his significant experience in tech startups to his work as a full-time investor, leveraging data analytics, machine learning and artificial intelligence to identify strategic assets in emerging markets that provide high-yield returns.

Today, Raj
joins me to explain how he got started in real estate, buying condos in Orlando
to supplement his uncertain W-2 income. He discusses what inspired his
transition to multifamily and shares his diverse experience as an active
investor, passive investor, and capital raiser for syndication deals. Listen in
for Raj’s assessment of the available tech tools for real estate and learn how
he quit his job in startups to become a data-driven multifamily investor! 

Key Takeaways

What
inspired Raj’s interest in real estate

  • Uncertainty of work in tech startups
  • Create second income stream

How Raj got
started in real estate

  • Friend buying condos in Orlando (2012)
  • Purchased 9 of own for cashflow

Raj’s
transition to multifamily

  • Reading about economies of scale
  • Decision to get more involved

Raj’s first
multifamily investment

  • 15-unit in up-and-coming neighborhood nearby
  • Unexpected expenses, fired property manager

How Raj got
into passive investing in multifamily

  • Continuing education in syndications
  • LP for 151-unit in Georgia

Why Raj decided
to quit his job and do real estate full-time

  • Control own destiny, control own time
  • Bring passion for data analytics to real estate

What Raj is
working on now

  • Partner with syndicator as capital raiser
  • ‘Full-time evangelist for multifamily’

The tech
tools for real estate Raj is exploring

  • Reonomy for apartment ownership data
  • Enodo for underwriting multifamily deals
  • Building market analysis tools with Bay Area company

How Raj
educates new real estate investors

  • Build trust through meetups and content
  • Walk through recent transaction
  • Serve as concierge through first deal

What Raj
looks for in a multifamily operator

  • Trusted partners from mastermind network
  • Responsive to communication

Connect with Raj

Smart Capital Management

Email raj@smartcapitalmgmt.com

Data Driven Multifamily Investing Facebook Group

Resources

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

Syndicated Deal Analyzer

Meetup

Reonomy

Enodo

Nighthawk Equity

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

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

Sep 04 2019

30mins

Play

MB 176: Hit Your Growth Zone & Quit Your 9-to-5 with Multifamily – With Andrew Kuhn

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Are you settling for good enough? It’s easy to get comfortable with the way life is going and let complacency set in. But if you really want to achieve greatness, you’ve got to get comfortable being uncomfortable. Whether it’s your personal development OR your multifamily portfolio, meaningful growth happens OUTSIDE your comfort zone.

Andrew Kuhn is the founder and CEO of Kuhn Real Estate, a multifamily investment firm and property management company based in the Greater Detroit Area. He spent the last 14 years in a highly compensated medical device sales role before quitting his job just one month ago to pursue investing full-time! Andrew has been involved in real estate since 2006, building a robust single-family portfolio of 76 rentals. He transitioned to multifamily two years ago and has already closed six deals totaling 281 units. Andrew also serves as a mentor with us through the Michael Blank Investor Incubator.

Today, Andrew joins me to discuss his decision to quit a lucrative W-2 job and explain how he’s becoming a servant leader now that he’s achieved financial freedom. He describes what lights him up about mentoring new investors and shares some of his most influential teachers in the personal development and real estate space. Listen in for Andrew’s methodology around learning something new and find out what’s inspiring him to scale his multifamily portfolio to 20K units!

Key Takeaways

Andrew’s path to full-time investing

  • 13 years in SFH to grow portfolio of 76
  • Shift to multifamily 2 years ago (6 deals, 281 units)

Why Andrew struggled with the decision to quit his W-2 job

  • Highly compensated work in medical device sales
  • Need to define specific exit strategy

Andrew’s last day at his 9-to-5 job

  • Conducted training course
  • Many colleagues jealous, curious about investing

How Andrew’s life has changed since he quit his W-2

  • Working harder than ever to achieve 20K+ units
  • Involved in local organizations (servant leader)

What lights Andrew up about teaching others

  • Realize impact of prominent teachers in own life
  • Reinforce own learning + give back

Some of Andrew’s most influential mentors

How Rich Dad Poor Dad influenced Andrew

  • Light bulb moment re: passive income
  • Inspired move to Detroit for investing opportunities

Andrew’s methodology for mastering something new

  • Get educated and start networking
  • Get clear on goals, then follow up with ACTION

Andrew’s key takeaways from Deal Maker Live

  • Master online marketing to compete in space
  • Bookending day with productive habits (Hal Elrod)

What Andrew would do differently if he could go back

  • Transition to multifamily much sooner
  • Growth happens outside comfort zone

How Andrew is working to grow right now

  • Syndicating larger multifamily deals
  • Building out property management company

Andrew’s top AHA moments

  • Remove active and build passive income
  • Leave legacy of compassion, service and integrity

Connect with Andrew

Kuhn Real Estate

Email andrew.kuhn@kuhnrealestate.com

Andrew on LinkedIn

Resources

Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire by Michael Masterson

Jim Rohn

Entrepreneurs’ Organization

Kyle Wilson

Zig Ziglar

Dale Carnegie

Robert Kiyosaki

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

Rich Dad’s CASHFLOW Quadrant: Guide to Financial Freedom by Robert T. Kiyosaki

Syndicated Deal Analyzer

Schon|Tepler

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

The E-Myth Real Estate Investor: Why Most Real Estate Investment Businesses Don’t Work and What to Do About It by Michael E. Gerber, Than Merrill and Paul Esajian

Books by Gino Wickman

Books by Verne Harnish

Strategic Coach

Building Wealth One House at a Time: Making it Big on Little Deals by John W. Schaub

Hal Elrod

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod

The Miracle Equation: The Two Decisions That Move Your Biggest Goals from Possible, to Probable, to Inevitable by Hal Elrod

Ed Mylett

The Second Mountain: The Quest for a Moral Life by David Brooks

The Richest Man in Babylon by George S. Clason

Michael’s Mentorship Program

Nighthawk Equity

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

Aug 29 2019

39mins

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MB 175: Leveraging Hustle & Heart to Find Off-Market Deals – With Logan Freeman

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Good deals are so hard to find right now! That’s become a common complaint among real estate investors in recent months, but I’m not convinced it’s true. In fact, if you’re willing to hustle and approach brokers with a service-first mindset, it’s fairly easy to find off-market multifamily deals.

Logan Freeman is a commercial real estate agent, investor, developer and capital raiser. He is also the founder of LiveFree Investments, a Kansas City firm specializing in joint ventures and equity partnerships that provides strong returns on capital from secure investments. Logan got his start in real estate doing a live-in flip back in 2013, and since then, he has completed 80-plus transactions and earns $13M for his investors annually.

Today, Logan joins me to explain why he was dreaming about real estate—even as he was being drafted for the NFL! He discusses the niche he has developed representing buyers and building his own portfolio, describing how he builds credibility with brokers by solving problems and adding value. Listen in for Logan’s What if? approach to real estate networking and learn how he is hustling to find off-market deals for his clients—and himself!

Key Takeaways

Logan’s path to real estate

  • Drafted for NFL but didn’t make team
  • Work to earn master’s degree (265 calls/day)
  • Learn self-worth not tied to outcomes

Logan’s introduction to real estate

  • Friends’ dads as mentors, owned rentals
  • Find way ‘to make money while you sleep’

How Logan got started in real estate

  • Live-in flips while working as consultant
  • Acquisitions for boutique investment firm

What inspired Logan’s transition to multifamily

  • Spreads starting to shrink in KC market
  • Decision to work smarter, not harder

Logan’s status as the go-to guy when people need to sell

  • Need in market to match buyers with properties
  • Source off-market deals via broker relationships

How Logan gets brokers to take him seriously

  • Build trust by solving problems
  • Don’t ask for fee (earn through buyers)
  • Underwrite properties + send feedback
  • Partner as necessary for track record
  • ‘Network your tail off’

What Logan’s excited about moving forward

  1. Creative strategies to buy off-market properties
  2. Marketing tactics to build personal brand
  3. Co-GP on self-storage, mobile home parks

Connect with Logan

LiveFree Investments

Resources

Nighthawk Equity

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

TalentSmart

StrengthsFinder

Syndicated Deal Analyzer

Berkadia

Block Real Estate Services

CBRE Kansas City

David Goggins

CCIM

Stephen Covey

Mauricio Rauld

Be in the Top 1%: A Real Estate Agent’s Guide to Getting Rich in the Investment Property Niche by Bob Helms

Michael Becker

Loom

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 22 2019

41mins

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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

37mins

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