Financial Freedom with Real Estate Investing MB 244: 2020 Year in Review & 2021 Forecast
Despite the chaos and uncertainty of 2020, we have a lot to be grateful for here at The Michael Blank organization. We have helped 113 people do 128 deals for a total value of $321M. And 22 of our mentees have quit their jobs, thanks to the financial freedom that comes with multifamily real estate investing.
On this episode of Apartment Building Investing, I take the time to reflect on 2020, looking back on our key accomplishments in The Michael Blank organization and sharing our top lessons learned over the past 12 months. I discuss our theme for 2021 and explain what steps we’re taking to better serve our followers and turn them into raving fans. Listen in for insight on the multifamily market outlook for 2021 and learn how YOU can use our resources to achieve financial freedom and help us make a positive impact in the world!
Key TakeawaysOur key accomplishments for 2020 in The Michael Blank organization
- Right team in place, key hires in marketing and tech
- Pivot to take Deal Maker Live virtual
- Hit 10K subscribers on YouTube channel
- Launch Platform Builders program
- High-profile guests on podcast (Pat Flynn, Amy Porterfield)
- Raise $20M for 2 deals in last 4 months
- Full-time asset manager, director of investor relations
Our top 3 lessons learned in 2020
- Team is EVERYTHING
- Stick to your underwriting
- Be grateful every day for everything
Our plans for 2021 in The Michael Blank organization
- Serve existing followers better and reach more deal makers
- Update The Ultimate Guide to Apartment Investing
- Host Deal Maker Live on livestream and in person
- Launch new podcast around platform building
- Rollout Nighthawk Investor Club to connect better
The disconnect between the headlines and our market experience
- Real estate = local business (gateway cities vs. Sun Belt)
- Rents flat but not decreasing in our target markets
- People move south + west with freedom of remote work
My predictions around the market outlook for 2021
- No radical changes to real estate tax law
- Unemployment benefits will cover rent collection issues
- Fed will keep interest rates low and flat
- Continued demand for affordable multifamily housing
- Drop in value of US dollar (real estate = inflation hedge)
- Unprecedented buying opportunities in next 12 months
How you can help us make a positive impact in the world
- Sponsor student through UCSS nonprofit
- $25/month covers education and healthcare
Resources
Join the Nighthawk Equity Investor Club
Get Michael’s Ultimate Guide to Apartment Investing
Learn More About Michael’s Mentoring Program
Sponsor a Student with Uganda Counseling & Support Services
Get Your Priorities Straight on Apartment Building Investing EP230
Pat Flynn on Apartment Building Investing EP210