Financial Freedom with Real Estate Investing

The name Grant Cardone is synonymous with scale. Each new venture he launches quickly grows 10X bigger than anyone else in the business.So, what drives that desire to push the boundaries of what’s possible? How might you apply the same principles to scale your real estate syndication business?Jarrod Glandt is President of Grant Cardone Enterprises, where he has served as Grant’s right-hand man for the last 12 years and helped grow company revenues from $2M in annual sales to well over nine figures.Jarrod is also Cohost of Young Hustlers, a podcast that offers its millennial audience tips on sales, marketing, money and entrepreneurship.On this episode of Financial Freedom with Real Estate Investing, Jarrod joins Garrett Lynch and me to give us a look under the hood at Grant Cardone Enterprises.Jarrod discusses the benefit of building a brand before you raise capital for real estate deals and describes how to apply Cardone Capital’s marketing tactics to your syndication business.Listen in for insight on creating a culture of accountability on your multifamily team and learn how to leverage what Jarrod calls ‘divine discontentment’ to do the next big thing in your business!For full episode show notes visit: https://themichaelblank.com/podcasts/session359/

Words hide red flags in a real estate deal. But numbers are the source of truth.So, what numbers should you be looking at when you evaluate a multifamily deal?Jason Baik is Managing Principal at Compounding Capital Group and Founder of The Underwriting Lab, a platform that helps aspiring multifamily investors learn a data-driven approach to apartment investing.An ex-VP of Data Science, Jason left his six-figure corporate career to become a full-time investor before he owned a single property! Two years later, he has built a portfolio of 350 apartment units and seven single family homes.On this episode of Financial Freedom with Real Estate Investing, Jason joins me to explain how the data pointed him to real estate as the best vehicle for generational wealth and why he transitioned to multifamily investing early on.Jason discusses how he connected with his business partner at Compounding Capital, describing what makes their partnership work and how they’re adjusting their underwriting right now.Listen in for insight on how Jason used the Syndicated Deal Analyzer to launch his multifamily career and learn how understanding the numbers helps you analyze risk and make the right decisions for your investing journey!For full episode show notes visit: https://themichaelblank.com/podcasts/session358/

When Dan Handford got into multifamily syndications in 2018, he raised $4M. By 2022, he had scaled his capital raise to $294M.What’s his secret? How did Dan grow his investor database to nearly 1,700 and his portfolio to 4,000+ doors in just five years?Dan is Managing Partner of PassiveInvesting.com, a real estate investing firm with $1.2B in assets under management based in the Carolinas.Dan’s syndication company began with a focus on multifamily but has expanded include self-storage, carwashes and hotels.On this episode of Financial Freedom with Real Estate Investing, Dan sits down with Garrett and me to explain how he worked his way up from passive investor to co-GP to lead syndicator.Dan discusses how he finds new investors with an online authority platform and grows his team along with his real estate portfolio.Listen in to understand why Dan is diversifying across asset classes and learn how to scale your capital raise, your team and your portfolio value in just a few short years!For full episode show notes visit: https://themichaelblank.com/podcasts/session357/

When you’re raising capital for a real estate deal, it’s tempting to pitch potential investors right away.But if you try to sell a high-net-worth individual before you’ve established trust, your chances of conversion are slim to none.So, how do you make meaningful connections with HNWIs and build trust in a way that makes them want to invest with you?Brad Blazar is the creator of Capital School, one of the fastest growing communities for entrepreneurs, business owners and CEOs learning to attract, raise and close high-net-worth investors.Having raised well over $2 billion for his own businesses, Brad is a sought-after speaker on the subject of raising capital and author of Winning at the Capital Game: Using Other People’s Money to Build Wealth.On this episode of Financial Freedom with Real Estate Investing, Brad joins me to explain what works in building relationships with high-net-worth individuals, walking us through the steps he takes to establish trust prior to a pitch.Brad discusses how to stay in contact with potential investors while you’re waiting for a live deal and describes what he’s doing to raise capital in an uncertain economic environment.Listen in for insight around raising private equity money for real estate deals and learn Brad’s genius strategies for connecting with potential investors—at traditional networking events or a nearby Starbucks!For full episode show notes visit: https://themichaelblank.com/podcasts/session356/

As with most things, the economy goes through different seasons. And prior to the pandemic, it was red-hot summer in the real estate market.COVID caused a quick Arctic freeze, but things warmed up again and multifamily prices peaked in March 2022.Then we skipped fall and landed right in winter.And while it’s hard to predict how long this season might last, there are things we can do to endure the cold and put ourselves in a position to thrive in the coming spring.Drew Kniffin serves as Partner at Nighthawk Equity where he manages all aspects of our $300M portfolio, including acquisitions, asset management and raising capital.Prior to joining Nighthawk, Drew enjoyed a successful career in corporate finance and grew a portfolio of 400 of his own residential units.On this episode of Financial Freedom with Real Estate Investing, Drew sits down with Garrett and me to discuss the economic trends we’re monitoring closely at Nighthawk and how the team has adjusted to the changing multifamily market.We explain how rising interest rates are squeezing your average operator and why we expect a flood of opportunities to buy in the next 12 to 18 months.Listen in to understand why apartments are an excellent investment in an economic winter and get our multifamily market outlook for 2023!For full episode show notes visit: https://themichaelblank.com/podcasts/session355/

Matthew Amabile had been out of college for a year. He was making decent money at his sales job, but not enough to afford his own place. And he was tired of sleeping on his cousin’s couch.That’s when Matt started looking into real estate and analyzing deals. Three years later, he’s a 25-year-old millionaire. And he quit his 9-to-5 to travel the world.So, what gave Matt the confidence to buy his first property? Or build trust with potential investors?On this episode of Financial Freedom with Real Estate Investing, Matt joins me to explain how he leveraged an FHA loan and a little resourcefulness to house hack his first four-unit building.Matt describes how his view of networking has changed over time, discussing how he connected with a partner to buy his second and third deals.Listen in for insight around the tool that gave Matt the confidence to talk to owners and investors and find out why you don’t need money or experience to be successful—as long as you know how to analyze deals!For full episode show notes visit: https://themichaelblank.com/podcasts/session354/

Are you treating insurance like a commodity?We made that same mistake early in our syndication journey. But now we look for the best combination of value and quality we can get.Matthew Sutika is Chief Insurance Officer at Obie, a company working to provide a simple, affordable and transparent insurance experience for landlords and investors.Matt is an award-winning entrepreneur and business owner in the multifamily and habitational insurance sector. He also invests in real estate and early-stage insurance and tech startups.On this episode of Financial Freedom with Real Estate Investing, Matt joins me to explore the false beliefs investors have about insurance and explain what coverage decisions to look at with your insurance broker after close.Matt offers advice on getting insurance costs right in your underwriting, sharing his list of GOTCHAS that drive up premiums for multifamily.Listen in for Matt’s insight on managing rising insurance costs and find out if Obie Insurance is the right fit for you and your syndication business!For full episode show notes visit: https://themichaelblank.com/podcasts/session353/

Did you know that there are many parallels between investing in oil and gas and real estate syndications?Grant Norwood is CEO of Norwood Energy Corp, an oil and gas exploration company out of Southlake, Texas.Grant’s specialty is recognizing opportunity hotspots in undiscovered areas of the country where his team can operate significantly below the costs of oil giants like Exxon or Chevron.On this episode of Financial Freedom with Real Estate Investing, Grant joins Garrett to discuss the two kinds of deals Norwood Energy does, investing in new wells or distressed assets.Grant shares what he does to find off-market deals on wells and walks us through the tax advantages of investing in oil and gas assets.Listen in for Grant’s insight on financing oil and gas deals and learn the similarities between investing in energy and multifamily syndications.For full episode show notes visit: https://themichaelblank.com/podcasts/session352/

Mindfulness matters. The more self-aware you become, the better your relationships and the more fulfillment you get out of life.That’s why I take an entire week off at the end of every year, not to eat bonbons, but to reflect on the past 12 months, celebrate my wins and plan for the future.On this episode of Financial Freedom with Real Estate Investing, I’m sharing my process for evaluating 2022 and looking ahead to 2023.I discuss what we achieved at the Michael Blank Brands and Nighthawk Equity in 2022 and explain our goals for the coming year, challenging you to set aims in each of the same 7 areas of your personal and professional life.Listen in for insight into the multifamily market outlook and get my advice for investors on where to look for opportunities in 2023!For full episode show notes visit: https://themichaelblank.com/podcasts/session351/

Every week, we bring you conversations with elite investors and entrepreneurs, in hopes that you’ll learn from their experiences to accelerate your success.On this Best of 2022 edition of Financial Freedom with Real Estate Investing, we reflect on some of our favorite episodes and share the top insights from this year’s interviews with inspiring real estate entrepreneurs.We revisit Dan Brisse’s story of transitioning from professional snowboarder to full-time real estate investor and Jilliene Helman’s mission to democratize real estate investing.Lee Prosenjak inspires us to live our purpose, Veena Jetti explains how to raise capital at scale, and Sterling Griffin shares creative ways to add value to high-profile people as you build a network.Listen in to understand how Alvin ‘Hope’ Johnson is innovating in affordable housing and learn to fast-track your success with advice from ten of our top guests of 2022!For full episode show notes visit: https://themichaelblank.com/podcasts/session350/