052: Multifamily Investing is a Minefield - How to Make it to the Other Side

Nov 20, 2018

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When it comes to multifamily real estate and cash flow, Brayand Ponciano is all in - now. But he knows he made a mistake when he didn’t listen to me five years ago about raising money, instead of fixing and flipping. Brayand learned his lesson and shares what he knows about everything related to real estate on the Flippin Fridays/AZ Flip Guys show with co-host Kris Ontiveros.

Plus, there’s still time to help some kids, including my son, experience a once-in-a-lifetime opportunity. Please consider donating to the Sendtheteam.com fundraiser, where funds will be used to send a youth football team, along with their coaches and chaperones, to Florida to play in the Tackle Football National Championship.

Topics on Today’s Episode:

Don’t judge a book by its cover because Brayand judged me based on my looks, not my knowledge; be authentic - make no apologies for who you are
Brayand believes the value of the Kahuna Boardroom comes from the lessons I teach and the experienced people I include
Pitching is Work: There’s a way to do it, and there’s a way not to do it
Boardroom inspectors and property managers gave Brayand tips on how to renegotiate deals to save money
Build relationships with vendors and contractors to get better deals
Pros and cons of Section 8 (low-income) and C-class housing
Brayand doesn’t buy distressed properties, he buys properties from distressed owners who don’t know how to manage them
Automation is vital for property management; Brayand uses AppFolio and ACH
Be strict/firm because if you give someone an inch, they’re going to take a mile
2-Step Tenant Program: Don’t f**k with my money; don’t f**k with my property
Management Tip 1: Treat people the way you would want to be treated
Management Tip 2: Don’t rely on people to know what you’re thinking or how you want things done; document processes and procedures

Links and Resources Mentioned:

Quotes:

“Collecting money is the business of apartments.” Corey Peterson

“The one thing that I value more than anything in anybody is authenticity.” Brayand Ponciano

“One of the things that I love most about the Kahuna Boardroom is that it really emphasizes automation.” Brayand Ponciano

“It’s all about filling the need for what people need.” Brayand Ponciano

Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.