Financial Freedom with Real Estate Investing

Would David Kamara have figured out how to invest in multifamily on his own?Yes, but at a much slower pace.Working with a mentor accelerated his success. And now, the student has become the teacher.David is a seasoned investor and mentor with the Michael Blank program. With 15 years of experience in real estate, David owns 1,000-plus units across the Midwest, primarily in Michigan and Iowa.David is also a successful management consultant and sought-after advisor to C-suite executives and private equity investors. And he is fluent in five languages!On this episode of Financial Freedom with Real Estate Investing, David joins guest host Marybeth Noonan to share his early wins as a student in our mentoring program.David describes a near-perfect deal he manages in Marquette, Michigan, and discusses how he problem-solved an unexpected situation where the property taxes on a pending deal tripled.Listen in for insight on trusting your resourcefulness as an aspiring investor and learn how a mentor like David can fast track your success in multifamily investing.For full episode show notes visit: https://themichaelblank.com/podcasts/session411/

Whether you're looking to close a business deal or just improve your everyday interactions, the art of negotiation is key to getting to a YES.But what if you’re not a natural negotiator? How do you build a relationship with the person on the other side of the table? Or learn to navigate difficult conversations? On this episode of the Financial Freedom with Real Estate Investing, Garrett is back to explain how his experience selling Cutco knives helped him become an expert negotiator. He describes how he prepares for a negotiation, discussing what it means to command the relationship and how to respond when emotions run high.Listen in for Garrett’s tips on gaining leverage in a negotiation and learn how to secure the negotiator’s edge in a legal dispute, contract negotiation or real estate deal.For full episode show notes visit: https://themichaelblank.com/podcasts/session410/

Reading Rich Dad Poor Dad inspired me to build generational wealth. But the first few cashflow businesses I tried didn’t produce the passive income I expected.So, if you’re thinking about starting your real estate career with fix-and-flips or even a SFH portfolio, know that neither strategy leads to financial freedom.But can you really skip single family investing and jump right into apartments?On this episode of the podcast, I’m sharing my journey to financial freedom with real estate, explaining why I tried to earn passive income with restaurants first—and why that strategy didn’t work.I discuss why it’s impossible to scale a single-family portfolio to achieve financial freedom and describe the light bulb moment when I pivoted to multifamily investing.Listen in for insight on getting into multifamily without money or experience and learn how to skip SFH investing and start building wealth with apartments!For full episode show notes visit: https://themichaelblank.com/podcasts/session409/

Whether you’re already involved in multifamily syndications, or you’re interested in getting into the space in 2024, it’s crucial to understand the market outlook.Through Nighthawk Equity, we own a 2,000-unit portfolio worth $350M. And we’re always on the lookout for new deals.That means we have insight into what’s happening in the market and what’s likely to happen in 2024.So, what are our predictions for the next 12 months of multifamily real estate? How can you leverage this information to survive and thrive as an investor in 2024?On this episode of Financial Freedom with Real Estate Investing, I’m sharing my top three headlines for the multifamily market outlook in 2024.I discuss what’s behind the ongoing operator distress in apartments and describe how the fundamentals of multifamily remain strong despite the challenges.Listen in to understand how economic headwinds are easing and learn how to take advantage of the incredible buying opportunities coming in 2024!For full episode show notes visit: https://themichaelblank.com/podcasts/session408/

You want financial freedom, but it feels out of reach.Because you’re living paycheck to paycheck. And struggling to pay down consumer debt.So, how do you get from where you are now to building generational wealth?On this episode of the podcast, I’m walking you through the steps to achieving financial freedom in 2024.I explain how to get your financial house in order first, challenging you to track your current spending and build emergency savings over time.Listen in to understand why apartment investing is the key to financial freedom and learn how to create enough wealth to quit your job in the next six to 18 months!For full episode show notes visit: https://themichaelblank.com/podcasts/session407/

Losing is never fun, but it’s often valuable.In fact, Garrett Lynch contends that down moments force us to pick ourselves up and close the gap between who we are and who we want to be.In addition to being my podcast cohost, Garrett Lynch serves as Director of Acquisitions and Managing Member of our investing firm, Nighthawk Equity.And his story is full of setbacks. Setbacks that pushed him to grow and take the next step in becoming a successful real estate investor.On this episode of Financial Freedom with Real Estate Investing, Garrett goes solo to share his journey from troubled teen to millionaire multifamily entrepreneur.Garrett explains how he developed his #1 skill set selling Cutco knives and describes how his experience as a VIP concierge at a nightclub led him to real estate.Listen in to understand what Garrett learned from scaling a portfolio of class D properties and get his advice on finding happiness in the business of real estate investing.For full episode show notes visit: https://themichaelblank.com/podcasts/session406/

It's a new year with exciting new possibilities. Which means many of us are setting goals for 2024.But why is it that New Year's resolutions usually don't work? Why can't we seem to stick to them for more than a few weeks before we fall away?And more importantly, what can we do about it?On this episode of Financial Freedom with Real Estate Investing, I’m sharing the Living Fully Compass system I recommend to crush your goals in 2024.I explain what causes most of us to fail to follow through on our goals and why it’s beneficial to share your vision with a small group of accountability partners.Listen in for insight on eliminating deadlines when you can’t control all the variables and learn how to achieve your goals by committing to the activities that lead to the outcome you want—for as long it takes!For full episode show notes visit: https://themichaelblank.com/podcasts/session405/

What are the three most recession-resistant asset classes in real estate?Even in challenging economic times, multifamily, mobile home parks and self-storage perform quite well.Sergio Altomare built a portfolio of small multifamily properties while working full-time in technology for the Federal Reserve.But in 2018, Sergio was having a hard time getting deals to pencil. He anticipated a market correction and pivoted to self-storage.Today, Sergio is Cofounder and CEO of Hearthfire Holdings, a real estate private equity and development firm that manages over $50M in self-storage assets.On this episode of Financial Freedom with Real Estate Investing, Sergio joins Garrett and me to discuss the benefits of investing in self-storage.Sergio describes the financing challenges he’s facing in his business right now and shares his outlook for the self-storage market moving into 2024.Listen in for Sergio’s insight on using data to find deals and find out if self-storage is the right real estate investment for you!For full episode show notes visit: https://themichaelblank.com/podcasts/session404/

Passive investors are fearful in the current market environment.Many got burned by rising interest rates, and they’re skittish about putting more money into the real estate market right now.But we know that there are big opportunities coming in 2024. And Warren Buffet encourages us to ‘be fearful when others are greedy and be greedy when others are fearful.’So, how do you position a deal to investors who may have lost money in multifamily? Can you still raise capital at scale—even when it’s not a popular time to invest?Bronson Hill is CEO of Bronson Equity, where he has raised over $20M for real estate ventures and served as GP for a portfolio valued at more than $150M.An advocate for helping others achieve financial freedom through passive investing, Bronson educates aspiring investors through his podcast and new book, Fire Yourself: Replace Your Working Income with Passive Income in 3 Years or Less.On this episode of Financial Freedom with Real Estate Investing, Bronson joins Garrett and me to explain how he raises money at scale through his online marketing platform.Bronson shares the inspiration behind his book, Fire Yourself, and discusses the common mistakes passive investors make.Listen in for Bronson’s insight on vetting deals in new asset classes and learn how to position a multifamily deal to investors and raise money in a challenging market environment.For full episode show notes visit: https://themichaelblank.com/podcasts/session403/

Financial freedom opens you up to live a life of significance.To pursue passions that may or may not generate any revenue. To do volunteer work or support causes you believe in.For me, that cause is Uganda Counseling and Support Services or UCSS, a nonprofit dedicated to improving the quality of life in remote communities of Uganda.On this episode of Financial Freedom with Real Estate Investing, Drew Kniffin joins me to discuss our involvement with UCSS, describing how I met its founder, Dr. Ronald Kaluya, and what differentiates the organization from other nonprofits. Drew asks me why I trust Dr. Kaluya and his team, and I explain how UCSS measures the impact of donor dollars in the communities we serve.Listen in to understand the vision for UCSS moving forward and learn how you can get involved by sponsoring a student or becoming a legacy partner in the ministry!For full episode show notes visit: https://themichaelblank.com/podcasts/session402/