The Apartment Gurus

We have an amazing guest in the house today, Brianna Schmidt, the Managing Broker of Second City Real Estate. She discusses the benefits of outsourcing tasks, leveraging your skills, and implementing them to scale your asset.WHAT YOU’LL LEARN FROM THIS EPISODE:The power of outsourcingUnderstanding where your cash is best to usePros and cons of residential and commercial propertiesDisadvantages of the 1% ruleFactors to consider when investing in asset classesImportance of scalability and nurturing property management relationshipsABOUT BRIANNA SCHMIDTBrianna Schmidt is the Managing Broker of Second City Real Estate and is a Co-Founder at The Midwest Real Estate Networking Summit a weekend educational summit for real estate investors. She  utilizes her extensive knowledge of building and managing a portfolio to teach clients about all aspects of buy and hold investing, how to analyze potential properties, how to calculate your ROI, best practices when marketing and leasing your rental property, and how to be a landlord and build a portfolio. Her job does not end when you close on a property; she is always available to help you throughout the process and scale your business.CONNECT WITH BRIANNAWebsite: Secondcity-reBiggerPockets - Brie SchmidtCONNECT WITH USGreen Light Equity Group

In today’s episode, we get philosophical and spiritual speaking about multifamily real estate. Tune in to learn everything you need to know about multifamily properties and raising capital from the expert, Ruben Greth.  WHAT YOU’LL LEARN FROM THIS EPISODE:Ways to separate and make yourself attractive to investorsHow to present a deal to investorsStrategies for capital raising Benefits of multifamily dealBuilding the right relationshipsThe impact of multifamily investment in people’s livesThe importance of having a marketing and spiritual mentorsRESOURCES MENTIONED:Ola Dantis: Mindset, Investing in the Brain, Manifesting & Multifamily SyndicationDan Handford of The Multifamily Investor NationDr. Wayne DyerBOOKS MENTIONEDThe Power of Intention by Wayne W. DyerThe Science of Getting Rich by Wallace WattlesThink and Grow Rich by Napoleon HillThe Power of Your Subconscious Mind by Joseph MurphyABOUT RUBEN GRETH:Ruben Greth is the host of Capital Raiser Show where people can learn best practices for raising private money for multifamily syndication and other real estate investments.   He is also a Capital manager for ‘’Bakerson’’ where he works on marketing, brand awareness, and capital raising. Connect with Ruben:Website: bakerson.comInstagram: @capitalraiserYouTube: youtube.com/capitalraisershowFacebook: The Capital Raiser ShowPodcast: Capital Raiser ShowCONNECT WITH USwww.investwithGreenlight.comSpecial Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! go to: www.glequitygroup.com

Technology has made an impact in the real estate business especially with the current situation in the world right now. You can even close a deal if you are not in the same place as where your client is. In today's episode, Suzy Sevier and Michael Barnhart talk about their experience in closing their first deal and how they could make a difference with how they work as a team.WHAT YOU’LL LEARN FROM THIS EPISODE:Benefits in segregating tasks and setting up a plan with a partnerWays to close the desired deal and benefits of capital raising Advantage of having trusted partners and mentors to work withPros and cons of virtual transactionsA different approach on a business plan for multifamily investingImpact of having the opportunity to work with other peopleLINKS/RESOURCES MENTIONED:Downloadable Free Checklist ABOUT SUZY SEVIER and MICHAEL BARNHART:Suzy Sevier and Michael Barnhart are a power couple who recently closed on their first multifamily deal 88-units in Tulsa, Oklahoma. They are the founders of Adventurous Real Estate Investors. Their adventure began at a TEDx event and the theme was “Reset” and it changed their lives. They took the event to heart and used that theme as a launching point to regain control of their lives, secure financial freedom, give back to the community and discover their big “why”. They want to share this journey by helping others check off their bucket list items and achieve their greatest ROI which is the return on impact.Connect with Suzy and Michael:Adventurous Real Estate InvestorsCONNECT WITH US: www.investwithGreenlight.comSpecial Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is now downloadable! Go to: www.glequitygroup.com

Obtaining a loan for a multifamily property is beneficial if you have all the necessary documents in place. These documents can help you make your transactions smooth and easy. In this episode, Paul Winterowd shares his knowledge on what to be ready for regarding getting a loan.WHAT YOU’LL LEARN FROM THIS EPISODE:Importance of an Organizational Chart and Personal financial statementsScheduling of real estate owned documents and bio/resumeImportance of separating emotions in doing investmentsImportance of having a good credit score and credit report Benefits of having and keeping records of tax returns,  Rent Roll, profit-and-loss statements, budget, and Pro-forma documentsImportance of knowing who your team or supporting cast isABOUT PAUL WINTEROWD:Paul Winterowd (pronounced Winter Road) is a Capital Advisor with Bonneville Multifamily Capital, based in Salt Lake City, UT. He specializes in multifamily lending and has sourced debt for new construction, bridge, and stabilized products across a number of different loan programs and lenders. He has earned the CCIM designation and is also a multifamily investor having been a sponsor and key principal in 4 multifamily syndications and a passive investor in about 11 deals totaling ownership in nearly 1,500 doors.Connect with Paul:Email: paul@bmfcap.comContact No: 801 -323-1050CONNECT WITH US: www.investwithGreenlight.com

There are numerous ways to make money in the multifamily industry, one of which is to be a passive investor while living your dream. To achieve success as an investor, you must first learn the priorities of each person you work with within the deals. In today's episode, Tate's guest Scott Kidd, a full-time yacht captain, and multifamily investor shared his experience on how becoming a captain of a boat can relate to becoming an investor in the real estate business and adapting most of the lessons he has learned from being a captain for almost 21 years.What You’ll Learn From This Episode:Background of Scott Kidd and How He Started Investing in Real EstateWhen to Use the Power of Silence when CommunicatingScott on Becoming A Mentor for Legacy UKTaking Advantage of the Technology With The Current SituationIs Multifamily a Full-Time GigUnderstanding General Partnership in Apartment Syndication ProcessThe Benefits and Drawbacks of Being a Limited PartnerAdvantages of Working with Real Estate ProfessionalsThe Benefits of Teamwork and CamaraderieWorking in Limited or General Partnerships in the Coming YearsThings You Can Achieve as a Limited PartnerLessons in Developing the Right People to Work WithLinks/Resources:Salt Lake City Multifamily Meetup  https://www.meetup.com/salt-lake-city-multi-family-meetup-group/https://www.legasea.org.uk/

Because of the camaraderie that you can share with other people you are working with, you can always find a way to succeed in the multifamily real estate business the best way possible. The different ideas that the members could come up with, is a once-in-a-lifetime opportunity to take full advantage of the scene. In this episode, Tate’s guest, the Rize Equity Group, shares how they evolved as a company by working as a team and showcasing each one’s potential in growing their business.The company is guided by a team with a proven track record of success. Individually, they’ve risen to elite levels of their respective professions and collectively they have infused the ingredients of their past success – teamwork, precision, attention to detail, and relentless work ethic – into the heart of everything the company does.What You’ll Learn From This Episode:How Rize Equity Group startedThe company’s Mission and Vision Practicing Abundance Mindset to Achieve GrowthWhen to Grab the Opportunity In Investing in Multifamily BusinessMultifamily Real Estate Business and its AdvantagesDifferences between Under Promising and Over Delivering in Real EstateChallenges in Working as a GroupBenefits of Working as a Team with One GoalUsing the Traditional Syndication Models and How you can get Creative In Closing dealsRize Equity Group’s plans and goals for the next 12 months and upcoming yearsBook Mentioned:Rich Dad, Poor Dad- Robert KiyosakiLinks/Resources:https://rizeequity.com/https://rizeequity.com/multifamily-101/

Author of: “The Top 10 Reasons to Invest in Mobile Home Parks”TO DOWNLOAD, go to: www.partnerwithapex.comhost of “Savvy Mobile Home Park Investor” podcast.113 apartment and mobile home unitsMentors Mentioned: Brian Ellis and Adam “AAA” AdamsChose IT career over Real Estate Dreams.Realized that in order to reach income goals, he would have to pick up ALOT of single-family homes.Met partner, Stephen Anderson (former single family flipper), at a salsa dancing event, who invited Eloy to invest in apartment. Lots of investors flocking to mobile home park investing:-LOW tenant turnover-Less moving parts Tate and Eloy go into the inner workings of owning a mobile home park. Mostly, mobile home park owners only own the lot and charge a lot rent fee. In Eloy’s model, he is owning BOTH the park, the grounds AND some of the actual mobile homes, which he will rent out creating further value.We discuss Cap Rates, how they determine value in different markets, and how the ENTRY Cap should always be higher than the TARGETED EXIT Cap rate, which is how Eloy has structured his deals.Mobile Home Parks have become incredibly popular during the COVID pandemic. This is due to collections staying high and tenants continuing to pay rent. When tenants OWN part of their housing (in this case, their mobile home), they’re much more likely to pay rent on their lot. Money is moving from risky assets (such as retail, office, hospitality, etc) to “safer”, more risk mitigated assets.There’s NOTHING you can’t find on YouTube and Google, BUT you have to know what to look for!Podcast-“The Savvy Mobile Home Park Investor”  https://podcasts.apple.com/us/podcast/the-savvy-mobile-home-park-investor-show/id152240366You’ll learn more doing DEALS than taking classes. The best ticket into the industry is to find a deal (or find capital for a deal) and get it done (which can be done through partnering with a more experienced operator/syndicator) However, paid masterminds are great! Peers, coaches, mentors who are committed to getting you to the next level are all accessible and ready to give you as much value as they can.Eloy is looking for DEALS! Florida mobile home parks.  Eloy can be reached at www.partnerwithapex.com

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! go to: www.glequitygroup.comIn this episode, Tate is joined by Yair Tilson of Kay Capital. Kay provides all types of funding for commercial real estate projects: debt, equity, mezzanineTate, Tim and Seth talk about the 2 deals that they are currently purchasing together: the why's and how's, the business plans, the exit strategies, etc. Tim Shaw: timshawrei@gmail.comSeth Teagle: sethteagle@gmail.com

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is almost downloadable! Release date 3/1/21. go to: www.glequitygroup.comIn this episode, Tate is joined by Tim Shaw and Seth Teagle, veteran firefighters and multi-family entrepreneurs based in Columbus, OH. Tim and Seth have partnered up with Tate to form "Greenlight Ohio LLC" and are currently completing the acquisition of 249 apartment units in 2 different deals.  Tim and Seth both own their own multi-family assets in Columbus and are in rapid growth mode Tate, Tim and Seth talk about the 2 deals that they are currently purchasing together: the why's and how's, the business plans, the exit strategies, etc. Tim Shaw: timshawrei@gmail.comSeth Teagle: sethteagle@gmail.com

In this episode, Tate goes deep with The Vincent Brothers: Adam Vincent and Paul Vincent of Vincent Esquire (can I type one more "Vincent"?) These brothers extraordinaire help apartment investors successfully surf the potentially treacherous waves of syndication AND invest in multi-family assets themselves. The chemistry between these two will leave you laughing and inspired.The Vincent Brothers can be reached at www.vincentesquire.com.