Financial Freedom with Real Estate Investing

How do you get brokers to take you seriously if you’re brand new to multifamily? Savannah Arroyo and her husband Lupe talked to 50 brokers before they found one who was willing to work with them. But that relationship led to three deals in nine months, allowing Savannah to quit her full-time job as an RN! Savannah is the Founder of Networth Nurse, a platform designed to help healthcare professionals stop living paycheck to paycheck. Through the Networth Nurse blog and YouTube channel, she educates and empowers her colleagues around personal finance and multifamily investing. Savannah and her husband Lupe leveraged the Michael Blank Mentoring Program to accelerate their success, partnering with other students in our network to close three syndications and replace her income as a nurse in under a year. On this episode of Financial Freedom with Real Estate Investing, Savannah joins cohost Garrett Lynch and me to explain how she got that first broker to take her seriously. She describes how she and Lupe created a five-year game plan for their real estate business and then put in the reps, taking daily action to realize that vision. Listen in to understand the benefits of investing in your multifamily education and learn how Savannah is scaling her portfolio through partnerships and the Networth Nurse platform. Key Takeaways  The freedom of choice real estate gives Savannah Still works as RN when she wants Very involved in children’s lives What inspired Savannah and her husband to pursue real estate Way to invest that puts money in pockets now Strategy to grow wealth, earn passive income How Savannah and Lupe came up with a real estate game plan Set vision for 5 years out and worked backward Got educated and invested in coaching How Savannah got started with single family rentals Lender told about $100K of equity in home Used debt to buy income-producing assets  Why Savannah transitioned from SFH rentals to multifamily Realized scale necessary to achieve vision Healthcare operations skill set translates to apartments How Savannah pursued real estate while working full time Work on real estate from 8 to 12pm every day Built-in accountability partner in husband How Savannah overcame limiting beliefs around raising money Trusted with leadership role at work  Mitigate risk with research and underwriting How to get brokers to take you seriously as a new investor Be specific about what you’re looking for Provide feedback on deals within 48 hours Savannah’s first multifamily deal $1M 12-unit in Oregon financed through credit union Struggled to raise $350K from friends and family Why Savannah decided to invest in coaching Leverage mentor’s experience to avoid mistakes Momentum to get into first deal much quicker What Savannah is doing to scale the business Partner with other investors to raise capital Build online platform with Networth Nurse How Savannah and her husband share responsibilities Husband does acquisitions and asset management Savannah raises capital and does marketing Savannah’s advice for aspiring multifamily investors Reach out to someone doing what you want Research and get educated with podcasts, networking Connect with Savannah Arroyo  Networth Nurse  Networth Nurse on YouTube  Networth Nurse on Instagram  Networth Nurse on LinkedIn  Networth Nurse on Facebook Resources  Get Tickets for Deal Maker Bootcamp  Learn More About Michael’s Mentoring Program  Register for Deal Maker Live Join Michael’s Deal Maker Certification Program Financial Freedom with Real Estate Investing by Michael Blank The Miracle Equation: The Two Decisions That Move Your Biggest Goals from Possible to Probable to Inevitable by Hal Elrod  BiggerPockets Dave Ramsey Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

John Lee Dumas spent the first 32 years of his life chasing the almighty dollar—with little success. But when he took Albert Einstein’s advice and decided to become a man of value, that’s when JLD got a taste of success. JLD is the host of the award-winning podcast Entrepreneurs on Fire, which has racked up over 100M listens and 3K five-star reviews since its launch in 2012. Through EOF, he has interviewed more than 3K of the world’s most successful entrepreneurs, delivering the inspiration and strategies listeners need to FIRE UP their own entrepreneurial journey. JLD is also the author of The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment. On this episode of Financial Freedom with Real Estate Investing, JLD joins cohost Garrett Lynch and me to discuss his early struggle to succeed and explain how he approaches the podcast as a way to provide value. He reflects on the powerful combination between hard work and passion, sharing the lessons he’s learned from elite entrepreneurs around productivity, discipline and focusing on one path to success. Listen in for JLD’s method of deciding which opportunities to pursue (investment and otherwise) and find out how achieving financial freedom can help YOU bring big-time value to the world. Key Takeaways  Why JLD struggled to succeed prior to EOF Dealt with PTSD after tour in Iraq Chase success vs. provide value JLD’s short career in commercial real estate Commit to one year as junior broker Felt no excitement for closing deals JLD’s approach to starting the podcast Think long-term and be patient 18-month window to earn revenue Why hard work isn’t enough to succeed Hard work + passion win every time Grow to love things you’re good at Why financial freedom is important to JLD Utility of money brings joy Lack causes anxiety and overwhelm The key themes in The Common Path... Steps to make more than you spend Become #1 solution to real problem What JLD is investing in right now Cryptocurrency and NFTs Angel invest in startups JLD’s top takeaways from 3K interviews Focus on producing right content Discipline to execute on plan Focus on one course to success How JLD picks what opportunities to pursue If it’s not a hell yes, it’s a no Miss great opportunities if plate full How JLD decides what to invest in Research and find mentors in space Believe in value company brings Connect with John Lee Dumas  Entrepreneurs on Fire  The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment by John Lee Dumas Resources  Get Tickets for Deal Maker Bootcamp  Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club  Financial Freedom with Real Estate Investing by Michael Blank Rich Dad Poor Dad by Robert T. Kiyosaki  Hell Yeah or No: What’s Worth Doing by Derek Sivers  CryptoDads  Mutant Punks  Mutant Cats  HEAD DAO NFTs on Fire Podcast  Michael Hyatt’s Desire Zone Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

Robert Kiyosaki’s Cone of Learning illustrates that while we only remember 10% of what we read after two weeks, we recall a full 90% of what we say and do. And that’s why aspiring investors who work through a simulation of their first deal are so much more confident than those who don’t practice the process beforehand.  But what does it look like to simulate your first multifamily deal? Where can you go to rehearse the steps in the Deal Maker Blueprint and gain the confidence to follow through? On this episode of Financial Freedom with Real Estate Investing, Nighthawk Equity President Drew Kniffin joins me to discuss our upcoming Deal Maker Bootcamp in Orlando this January and explain how the workshop simulates the process of finding and closing on your first multifamily deal. We explore the benefits of simulating your first deal and following a proven process, challenging you to master the critical skill of analyzing deals quickly and accurately.  Listen in for insight on the three kinds of people you need in your real estate network (and where to find them) and learn our top strategies for simulating your first apartment deal and building confidence while you practice in a safe environment. Key Takeaways  Robert Kiyosaki’s Cone of Learning Remember 10% of what we read Remember 50% of what we see and hear Remember 90% of what we say and do The benefits of simulating your first deal Builds confidence Know what to expect if LOI accepted How to simulate your first multifamily deal Practice in throw away market Visit larger properties Build sample deal package The 3 kinds of people you should network with Peer group (Deal Maker’s Mastermind) Mentors who’ve done what you want Partners with complementary skills Why we recommend following a proven process Don’t have figure out next step on own Avoid expensive mistakes The benefit of being able to analyze deals Need for negotiating and making offers Confidence to talk to brokers/investors Connect with Drew Kniffin Nighthawk Equity Drew on Twitter Drew on LinkedIn Resources  Register for Michael’s Deal Maker Bootcamp  Learn More About Michael’s Mentoring Program Join Michael’s Deal Maker’s Mastermind Learn More About Deal Maker Live  Get Michael’s Blueprint to Your First Multifamily Deal Access Michael’s Syndicated Deal Analyzer Join the Nighthawk Equity Investor Club Financial Freedom with Real Estate Investing by Michael Blank  Robert Kiyosaki’s Cone of Learning  Sample Deal Package  The Deal Maker Certification on MB EP262  Podcast Show Notes  Michael’s Website  Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group 

Imagine having the ability to raise $100M for syndication deals in less than 18 months on your favorite social media platform! The fact is, you can take advantage of Facebook, Instagram and even TikTok to reach accredited investors and build connection until they trust you with their money. But how do you create a personal brand and grow an audience online? Brandon Turner is a real estate investor, entrepreneur, speaker and host of the BiggerPockets Podcast. He serves as Founder and Managing Partner at Open Door Capital, a firm that focuses on value-add multifamily properties and mobile home parks. Brandon is also the coauthor of the recently released two-volume series The Multifamily Millionaire.  On this episode of Financial Freedom with Real Estate Investing, Brandon joins cohost Garrett Lynch and me to discuss his recent shift to large multifamily projects, explaining how his platform allows him to raise tens of millions in days on Instagram. He shares his passion for mobile home parks, challenging aspiring investors to ‘follow our fire’ and surround ourselves with the people doing what we want. Listen in for Brandon’s insight on building a personal brand and learn to leverage the power of a platform to scale your syndication business! Key Takeaways  What inspired Brandon’s shift to large multifamily Got in room with investors doing bigger projects Realized not aligned with what could be doing Why Brandon is fired up about mobile home parks Wanted to be at bottom of market in recession Love challenge of hard things (passion = suffering) Brandon’s pivot to large multifamily syndications Bring ability to raise capital to JV partnerships 3 deals worth more than 20 mobile home parks Why Brandon likes building his platform on Instagram Good for getting people to know, like and trust you People choose to invest based on how you live How Brandon would build a following if he had to start over Use Instagram reels/TikTok to reach lots of people Build connection on Instagram, funnel to email list Why Brandon is building his email and text lists Instagram can’t take away addresses or phone #s Reach out to accredited investors (high open rate) Brandon’s insight on building a personal brand How other people feel when think about you Lean into what people say, e.g.: @thedatadeli The pros and cons of investing in small multifamily Less cash required and easier to manage Can only get so big, more competition on deals The pros and cons of investing in large multifamily  More risk, must be good at business Can scale quickly and buy $1B in short time Brandon’s advice to aspiring multifamily investors Option 1—learn with small projects and scale up Option 2—bypass with help of mentor/partner Follow your fire Connect with Brandon Turner  Brandon on Instagram Brandon on TikTok Brandon on BiggerPockets  The Multifamily Millionaire, Volume I by Brandon Turner and Brian Murray The Multifamily Millionaire, Volume II by Brandon Turner and Brian Murray Resources  Find Out More About Michael’s Platform Builders Masterclass Get Tickets for Deal Maker Bootcamp  Join the Nighthawk Equity Investor Club Download Michael’s Free Report—What's the Best Investment: The Stock Market or Real Estate? Register for Deal Maker Live Learn More About Michael’s Mentoring Program  Financial Freedom with Real Estate Investing by Michael Blank Brandon Turner on Financial Freedom with Real Estate Investing EP221  BPCON Brian Murray on LinkedIn  Slybroadcast  Dave Meyer on Instagram  Joe Fairless  Grant Cardone  Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

Multifamily investing is a team sport. And choosing the right partners and team members is critical. But how do you go about determining who is a good fit for your organization and who isn’t? On this solo episode of Financial Freedom with Real Estate Investing, I discuss the importance of figuring out what you stand for and then using those core values to make decisions in your investing business. I walk you through the process of determining your core values, explaining how to choose your themes and translate them into easy-to-memorize headers. Listen in for insight around our core values here at the Michael Blank organization and learn how to get clear on your own values and use them to find the right partners and team members for your investing business!  Key Takeaways  The importance of identifying your core values Find quality partners and hire team Use to make important decisions Our core values here at The Michael Blank brands Make a difference Do what you say Do your best Get stuff done How to identify core values in your organization Themes Header Descriptive The themes we chose at The Michael Blank brands Integrity Excellence & Accountability Teamwork & Contribution Efficiency & Hard Work How to translate your themes into headers Sticky, user-friendly words and phrases Easily memorized and recalled by team How to expand your headers into descriptives Describe what core value means Clarify in 4 to 8 detailed sentences Resources  Radical Candor: Be a Kick-Ass Boss without Losing Your Humanity by Kim Scott Who: The A Method for Hiring by Geoff Smart and Randy Street  The Core Value Equation: A Framework to Drive Results, Create Limitless Scale and Win the War for Talent by Darius Mirshahzadeh Register for Michael’s Deal Maker Bootcamp  Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Financial Freedom with Real Estate Investing by Michael Blank  Podcast Show Notes  Michael’s Website  Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group 

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  Get Tickets for Deal Maker Bootcamp  Access Michael’s Syndicated Deal Analyzer  Download Michael’s Deal Maker Blueprint Learn More About Michael’s Mentoring Program 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  Carleton Sheets  Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

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 Camilla on Instagram Camilla on LinkedIn Camilla on YouTube Camilla on TikTok Resources  Join the Nighthawk Equity Investor Club Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Learn More About Michael’s Mentoring Program Financial Freedom with Real Estate Investing by Michael Blank Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

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  Register for Michael’s Platform Builders Masterclass Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club 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 Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

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 The Jordan Harbinger Show  Jordan’s Networking Course Resources Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Superhuman  Dig Your Well Before You’re Thirsty: The Only Networking Book You’ll Ever Need by Harvey Mackay Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group  Podcast Show Notes

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  Ronan at International Living Resources Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Access Michael’s Blueprint to Your First Multifamily Deal Training International Living What Is the Fideicomiso? Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group Podcast Show Notes