Real Estate Investing – Page 25

Financial Freedom with Real Estate Investing by Michael Blank

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MB291: From Homeless Addict to Successful Investor – With Rob Rowsell

November 8, 2021/in Real Estate Investing/by Garrett Lynch

While most of us resist setbacks and struggles, both are crucial to our growth. In fact, the most successful investors are those who respond to failure with resilience. Who pick themselves up, dust themselves off and take the next step of uncomfortable action toward their dreams.

Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset you need to take action, grow through the challenges and achieve financial freedom as a multifamily investor!

Key Takeaways

Rob’s struggle with addiction

Hooked on meth and crack cocaine
Homeless and unemployable

What inspired Rob’s decision to change

Realized on path to death or prison
Pain to stay same > pain to change

How Rob got back into society

Choose new people, places and things
Willing to take uncomfortable action

Why aspiring investors don’t take action

Biggest hurdle = previous successes
Lack big enough WHY

How Rob uses visualization to reach his goals

Write out as if already accomplished
Read over to instill yearning, belief

The traits of a successful entrepreneur

Build momentum via stacked action
Willing to act despite uncertainty
Grow through catastrophic failure

How Rob used knowledge to build momentum

Ziglar taught potential to succeed
Saved to buy Carleton Sheets course

How Rob got into real estate

Bought auto repair shops no $ down
Used hard money for first few SFHs

How Rob grew a 1K-unit multifamily portfolio

Start with SFH buy-and-hold strategy
Flip SFHs into small multifamily
Reinvest profits in larger multifamily

Connect with Rob Rowsell

Addicted to Life

Resources

Access Michael’s Syndicated Deal Analyzer

Download Michael’s Deal Maker Blueprint

Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time by Rob Rowsell

See You at the Top by Zig Ziglar

MB290: An Introvert’s Guide to Investing with Partners – With Camilla Jeffs

November 1, 2021/in Real Estate Investing/by Garrett Lynch

While single-family real estate is an individual sport, multifamily investing usually involves partners. But finding someone you trust to work with on a multi-million-dollar apartment deal can be challenging, especially for an introvert. So, how do you overcome limiting beliefs around partnering to become a successful multifamily investor?

Camilla Jeffs is the Founder and CEO of Steady Stream Investments, a firm focused on providing investment opportunities in large multifamily and senior housing communities. Also known as the Introverted Investor, she has served as the GP for four deals in nine months, built a portfolio of 250 units and quit her W-2 job! Camilla has 19 years of experience in real estate, and she is passionate about educating passive investors around the opportunity to achieve financial freedom through multifamily.

On this episode of the Financial Freedom with Real Estate Investing, Camilla joins cohost Garrett Lynch and me to share why it took her 15 years to transition from DIY single-family investor to multifamily GP. She describes the limiting beliefs she carried around partnering with others and explains how she excels at raising capital—despite being an introvert. Listen in for Camilla’s insight on investing for a financial, social and environmental return and learn why networking is key in multifamily syndication.

Key Takeaways

Camilla’s experience of quitting her W-2 job

Excited to spend days doing what she loves
Loves flexibility and freedom in schedule

How Camilla got into real estate investing

House hacking out of necessity to start
Build portfolio of SFH + small multifamily

What inspired Camilla’s shift to large multifamily

Tired after 15 years of DIY management
Spending 4 to 5 hours/day on 15 units

Why it took Camilla so long to try multifamily

Limiting beliefs about partnering
Didn’t network with other investors

Why Camilla took on the role of capital raiser

Teacher at heart (despite introversion)
Help people achieve time freedom

The mindset shift that made Camilla successful

Little success with ‘I need your money’
Changed pitch to present opportunity

How Camilla thinks about choosing an operator

Find through mentoring groups, meetups
Different skills but same vision/values

Camilla’s concept of the Investing Trifecta

Financial return
Social return
Environmental return

Connect with Camilla Jeffs

The Introverted Investor

Resources

Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate?

Financial Freedom with Real Estate Investing by Michael Blank

Register for Michael’s Platform Builders Masterclass

MB289: Apply the 80/20 Rule to Scale Your Syndication Business – With Perry Marshall

October 25, 2021/in Real Estate Investing/by Garrett Lynch

You may have heard the idea that only 20% of what we do in business produces 80% of the results. And it follows that if you identify the right 20% and focus on that, you can scale a syndication business fast. But what does that look like in practice? How do you apply the 80/20 rule to make decisions around how to spend your time?

Endorsed by Forbes and Inc. Magazine, Perry Marshall is one of the most expensive business strategists in the world and the creator of the world’s largest science research challenge, the $10M Evolution 2.0 Prize. Perry’s reinvention of the Pareto Principle is published in the Harvard Business Review, and he is the author of eight books, including 80/20 Sales and Marketing and Memos from the Head Office.

On this episode of the Financial Freedom with Real Estate Investing, Perry joins cohost Garrett Lynch and me to explain the concept of the Pareto Principle and discuss how it applies to real estate syndication. He describes how we can leverage the 80/20 pattern to scale an investing business, challenging us to focus 50% of our attention on the right 1% of our investments. Listen in for Perry’s advice on identifying and marketing to the right investors and learn how YOU can use the 80/20 rule to prioritize your time as a multifamily syndicator!

Key Takeaways

The concept of the 80/20 principle

Originated by Italian economist Vilfredo Pareto
Identified 20% of people have 80% of wealth

Perry’s realization re: the fractal nature of 80/20

Pattern of 80/20 inside every 80/20
1% of customers make 50% of purchases

How a syndication businesses can scale using 80/20

1% of investments produce 50% of profits
Focus half of attention on right 1%

How to identify the 20% of investors to focus on

Make prospects DO something to qualify lead
Focus marketing on 20%, then repeat process

Perry’s insight around the 20/120 rule of business

20% of activity makes 120% of revenue
Bottom 20% takes you backward

The message in Perry’s book Memos from the Head Office

Tap into spirituality and faith for decision-making
Listen to insight from God to resolve conflict

Connect with Perry Marshall

Perry’s Website

Sell 80/20

Resources

Financial Freedom with Real Estate Investing by Michael Blank

80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall

‘80/20 Is a Fractal Law of Nature’ in Harvard Business Review

John Paul Mendocha

Memos from the Head Office: Channeling the Muse in Business and in Life by Perry Marshall and John Fancher

Ultimate Guide to Google Ads by Perry Marshall, Mike Rhodes and Bryan Todd

Ultimate Guide to Facebook Advertising by Perry Marshall, Keith Krance and Thomas Meloche

The Jordan Harbinger Show

MB288: Why Relationships Are Your Best Insurance Policy – With Jordan Harbinger

October 18, 2021/in Real Estate Investing/by Garrett Lynch

Most people wait until they need something to start networking. But it’s a real challenge to talk people into helping you when they haven’t heard from you in years. On the other hand, if you make networking a priority and ‘dig the well before you’re thirsty,’ those connections become true friends who fight for you when you need it.

Jordan Harbinger is the host of iTunes Top 100 ranked The Jordan Harbinger Show, a podcast where he interviews the world’s top performers, including legendary actors and musicians, intelligence operatives, professional athletes, iconic writers and other visionary change-makers. Jordan is best known for creating one of the leading self-development programs in the world, with a special emphasis on social capital and relationship building.

On this episode of Financial Freedom with Real Estate Investing, Jordan joins cohost Garrett Lynch and me to share his proactive approach to networking, explaining why it’s crucial to build relationships before you need them. He offers insight on making connections with A-listers and other high-net-worth individuals, challenging us to provide value and be ‘politely persistent’ for as long as it takes. Listen in for Jordan’s advice on starting over after the breakup of a business partnership and find out why relationships are the best insurance policy money can’t buy.

Key Takeaways

How to find the right level of fearlessness and curiosity

Can’t throw caution to wind without strategy
‘Nobody ever went broke selling when up 10%’

Jordan’s transition from law to entrepreneurship

Firm losing clients when market tanked in ‘08
Money saved from Wall Street gave runway
Went all-in on weekly radio show (side hustle)

Jordan’s proactive approach to networking

Build relationships before you need them
Leverage system to keep people top of mind

How Jordan builds relationships with A-listers

Be politely persistent and follow up for years
Make it worth their time to work with you

How Jordan provides value to celebrities

Make publicist’s job easy, introduce network
‘Everybody needs something’

How Jordan started over after a business breakup

Took team along (strong relationships)
‘Best revenge is to live well’

What lessons Jordan learned from starting over

Gut check re: who you work with
Recognize people grow at different rates
Double down on networking

Connect with Jordan Harbinger

Jordan’s Networking Course

Resources

Dig Your Well Before You’re Thirsty: The Only Networking Book You’ll Ever Need by Harvey Mackay

Superhuman

Ronan at International Living

MB287: Investing in International Real Estate Markets – With Ronan McMahon

October 11, 2021/in Real Estate Investing/by Garrett Lynch

If I could go back in time, I’d return to 2010 and take advantage of the big buying moment in real estate at the time. But Ronan McMahon argues that if you set your sights beyond the States, there are circumstances like that at play somewhere in the world right now—if you’re willing to invest in international markets.

Ronan is a contributing editor at International Living and founder of Real Estate Trend Alert, a newsletter where he explores investment opportunities from all over the world. Ronan spends six months of the year on the road, looking for the best real estate investments around the globe. He is also the author of Profit Principle: An Insider’s Guide to Doubling Your Money in Real Estate Overseas.

On this episode of the Financial Freedom with Real Estate Investing, Ronan joins cohost Garrett Lynch and me to explain why investors should consider diversifying with international real estate. He offers insight on the international markets he likes right now, describing how to invest in the path of progress and choose projects with significant upside potential. Listen in for Ronan’s advice on partnering with trusted operators in other countries and learn how his team connects investors with opportunities overseas.

Key Takeaways

How Ronan got into international real estate investing

Invested in home country of Ireland until values too high
Invited to travel, identify projects for International Living

Why investors should consider international real estate

Big buying moments always happening somewhere
Less competition with other investors vs. US

Ronan’s advice on shortening your learning curve

Find trusted partner on ground with local knowledge
Start with market one step from home beat (e.g.: Cabo)

Ronan’s insight on securing financing in international markets

‘Forget it’ (come with capital)
Choose projects with incredibly high returns

The international markets Ronan likes right now

Algarve region of Portugal
Tulum and Cabo San Lucas, Mexico
Panama City

How Ronan’s business model is set up

Partner with developers for access to first 100 units
Members purchase individual condos at discount

Ronan’s advice on navigating the legal system in other countries

Partner with locals in business for multiple generations
Little recourse in handshake countries with weak courts

How Ronan’s team navigates regulatory issues outside the US

Avoid by connecting developers with individual buyers
Mindful of liability around holding title in Mexico

Connect with Ronan McMahon

Real Estate Trend Alert

Resources

Access Michael’s Blueprint to Your First Multifamily Deal Training

International Living

What Is the Fideicomiso?

MB286: The Rocky Transition from Flips to Multifamily – With J Scott

October 4, 2021/in Real Estate Investing/by Garrett Lynch

You might think it would be easy for a well-known flipper to transition to multifamily. But the truth is, a successful career in single-family does NOT translate to the world of apartment building investing.

So, how do you make the leap from single-family rentals and flips to multifamily investor?

J Scott serves as Partner at Bar Down Investments, a multifamily investing firm with a portfolio of 1,000 units. J got his start in single-family real estate and built a reputation in the flipping business, rehabbing 500 properties and authoring four bestselling books in the BiggerPockets library. And then 18 months ago, J made the transition to multifamily investing.

On this episode of the podcast, J joins cohost Garrett Lynch and me to share what inspired his move into multifamily and explain why flipping houses is not the path to financial freedom. He opens up about lacking credibility in the multifamily space, offering insight on how to get brokers to trust you if you’re new to the game. Listen in to understand the 3 things you need to get investors to work with you and learn how to build a reputation in the multifamily space—with or without prior real estate experience!

Key Takeaways

How J got into the real estate space

Work long hours as corporate engineer in tech space
Shift to real estate in 2008 to ‘put family first’

What inspired J’s transition to multifamily

Burned out on flips and single-family rentals
Had cash to invest but didn’t trust anyone else

Why flipping houses is not the path to financial freedom

Transactional (trade time for money)
Need passive income stream

Why it took J so long to make the shift to multifamily

Ego (reputation as ‘flip guy’)
No credibility in multifamily space

What J did to compensate for his lack of credibility

Admit had to start over, build new relationships
Find mentor and add value

How to get brokers to trust you if you’re new to multifamily

Partner with someone who has track record
Prove serious by underwriting and giving feedback

J’s advice for investors considering a shift to multifamily

Build marketing machine for 6 months first
Multifamily scales much better

The benefit of having single-family experience

Learn mechanics of deal with less money at risk
Skills of acquisitions, underwriting, raising money

The 3 things you need to get an investor to work with you

Build relationship so they LIKE and TRUST you
Make them NEED you (e.g.: retirement plan)

How to differentiate yourself from bigger operators

Do what you’re good at, educate new investors
Tap into personal network

Connect with J Scott

J’s Website

Bar Down Investments

Resources

Access Michael’s Blueprint to Your First Multifamily Deal Training

Financial Freedom with Real Estate Investing by Michael Blank

Books by J Scott

Rich Dad Poor Dad by Robert T. Kiyosaki

Ashley Wilson

How to Win Friends & Influence People by Dale Carnegie

Be a Part of Michael’s Deal Maker Mastermind

MB285: Success Starts with Purpose – With David Osborn

September 27, 2021/in Real Estate Investing/by Garrett Lynch

The most successful people are also the most purposeful. They create a vision for the future and take steps to get a little better every day.

They take the time to ask: Is my life working for me? If not, how would I like it to look different?

David Osborn is the principal owner of the sixth largest real estate company in the US with 4,500-plus agents and $11B in annual sales. David also runs a real estate investing private equity firm and operates 35 other profitable real estate related businesses in the US and Canada. He is well-known for being one of the cofounders of GoBundance, a community of healthy, wealthy, generous men who choose to lead EPIC lives.

On this episode of Financial Freedom with Real Estate Investing, David joins cohost Garrett Lynch and me to explain his tagline, ‘Who you become on your journey is far more important than what you achieve.’ He offers insight on the value of connecting with the right people and growing into the best version of yourself. Listen in to understand why David’s definition of wealth involves more than just money and find out how the most successful people get clear on where they’re going and walk in purpose.

Key Takeaways

How David became a real estate investor

Got start as agent, opened KW franchises in TX, NM
All-in on investing in 2011 but ran out of own capital
Mission to meet wealthy people and raise money
Establish fund to invest in single family rentals

What investments David is bullish on right now

Dwelling spaces and rentals (single and multifamily)
Real estate in Sunbelt states with fewer regulations

Why who you become is more important than what you achieve

Controlling every decision makes you the bottleneck
Leadership means delegating trust (world gets bigger)
External world = reflection of who you are as human

The areas of his life David is working on right now

More present with wife and children
Working with coach on conscious leadership
Meditate on regular basis
Health including workouts
Learning (40 books/year and podcasts)

How David thinks about finding work-life balance

Worked 12-hour days to achieve financial freedom
Work smarter now, better relationships at home

David’s well-rounded definition of wealth

More than just money and financial freedom
Being good human, finding ways to contribute
Having adventures and being well-learned

Why it’s crucial to surround yourself with the right people

Genius of humans = sharing and connectivity
Find peers who push and inspire you to get better

The GoBundance origin story

Accountability partners with Pat Hiban, Tim Rhode
Invite others to join in bucket-list adventures
Growth comes from authenticity and transparency

David’s top lessons learned as an entrepreneur

Know where you’re going (purposeful vision for life)
Invest in marriage and make time for kids

Connect with David Osborn

David’s Website

David on Instagram

GoBundance

Resources

Entrepreneurs’ Organization

TIGER 21

Conscious Loving: The Journey to Co-Commitment by Gay & Kathlyn Hendricks

The 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success by Jim Dethmer, Diana Chapman & Kaley Klemp

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson

Huberman Lab Podcast

Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today! by David Osborn & Paul Morris

Diego Corzo

The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children by Jim Sheils

Lifespan: Why We Age—and Why We Don’t Have To by David A. Sinclair

Black Belt of the Mind by Fred Grosse

Pat Hiban

Tim Rhode

Scott Harrison of Charity Water

Gary Keller

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

Richard Branson

Tribe of Millionaires: What If One Choice Could Change Everything? by David Osborn & Pat Hiban