Multifamily Live

Download This Awesome Podcast: http://bit.ly/308ZaFu Happy 2018 and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we discuss Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: How we are starting off this New Year with a strong why and remembering the service we provide by being in the Multi-Family Asset Class. HAPPY NEW YEAR! HAPPY 2018! So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2DXPq7I Welcome to the REI Foundation Podcast: Foundation Inspection Friday! On Fridays we dive into the FOUNDATIONS of our business. Today's Episode: Conquer Your Future Now! It's Friday before 2018 and you have set your resolutions and are ready for a Huge 2018. We want to help you make sure you not only reach your goals but crush them! So listen in and get ready for an epic New Year! So grateful to you for listening! Thank you! If you enjoyed what you've listened to today please leave us a five-star review on iTunes and Like and Follow us on YouTube at The REI Foundation and FaceBook at The REI Foundation Podcast !!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2VOC5Zt Thomas was born and raised in Ruston, Louisiana and received a B.S. degree in Marketing from Louisiana Tech University. He was blessed to marry Cindy, a native of Chattanooga, and they have called Chattanooga home since 2004. Thomas and Cindy have been further blessed with the privilege to adopt three children; one domestic and two from Uganda. An active member and Elder at Hixson Presbyterian Church, Thomas is involved with teaching Youth, outreach opportunities, and strategic planning.   Professionally, Thomas’ experience includes over 20 years as a Sales Account Manager for several distribution companies.In 2004, Thomas began his journey in real estate to earn additional income, but it quickly turned into a passion. Thomas has successfully invested in Chattanooga real estate for over 10 years. During this time, he has managed the acquisitions and renovations of new properties, as well as the property management portion of his business.  Thomas is also an agent with Keller Williams Realty.    When Thomas isn’t looking at houses or talking about real estate, he enjoys time with his family, mountain biking, trail running, hiking and exposing his kids to the extraordinary beauty and diverse environment that Chattanooga offers.  GETTING STARTED: The catalysts: 1) “We read Rich Dad Poor Dad and started with buy and hold properties.” 2) “My father, one of the things he instilled in me was an investment mentality. He taught me investing early on, stocks, obviously owning tangible assets. He was a gold guy. So physical assets were what he always really preached to us.” 3) “When I was in college… We rented houses as students and we were paying our own rent… So I would see these old guys that all they would do is they had several rental houses. It looked like a really cool lifestyle.” DID YOU START AS AN AGENT OR INVESTOR: “We started as investors… I classify people as ‘I want to sell’ or ‘I need to sell’ and these people wanted to sell but they didn’t have a need. They weren’t distressed. They weren't in a financially crisis. So at the time I didn’t have a solution for them. So I called my agent friends… and I didn’t get a good response. …I’m a people pleaser and I like to help people so I was frustrated that I didn’t have a solution for them. … So I got my license. ACTION STEPS: “You have to take ownership in what you are doing. You have to out work everyone else… Don’t be afraid to make mistakes.” WORD TO LIVE BY: “First Corinthians 10:31 ‘Whatever you do, do for the glory of God…’ I have that in my office because it goes back to the over arching theme of I want to be a good steward of what we've been given.” BEST WAY TO FIND THOMAS: www.ibuychattanoogahouses.com Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2vNCv3C Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we discuss Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: We have our partner Kevin Dowling joining us today to discuss the status of our current Multifamily Acquisition. So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2Vnr5CI Welcome to the REI Foundation Podcast: Foundation Inspection Friday! On Fridays we delve into the FOUNDATIONS of our business. Today's Episode: No new ideas. There are people out there doing exactly what you want to do and SUCCEEDING! There is no need to reinvent the wheel and figure out processes on your own. Reduce your learning curve by riding on the coattails of giants. So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2Lt5Af9 Nixon was introduced to real estate investing in 2013 and closed his first deal that year. In 2014, he generated his first $100,000. He currently participates in a cult called Cross fit and enjoys traveling the world with his wife and two young boys. Ernie has been in real estate for over 17 years and has rehabbed, flipped, and wholesaled hundreds of homes across the United States. Ernie's specialty is in probate and has been successfully training investors, agents, and attorneys on how to master their craft in this business for over 10 years. Nixon and Ernie joined forces in 2015 and have leveraged their probate buying business by taking the system that has worked for them in California and applying it successfully to various states across the country. WORDS TO LIVE BY: "Ready, Fire, Aim!" "Don't think so much, just do it!" "Be of Service." HOW TO CONTACT EDDIE AND NIXON: www.probatefox.com www.group334.com Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2DZyg9u Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we discuss Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: KEEP UP WITH YOUR NETWORK! Today we share a story of how we got TWO DEALS by keeping up with our routine bi-monthly calls to our network of Brokers and Property Managers. So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2VWN7vy Welcome to the REI Foundation Podcast: Foundation Inspection Friday! On Fridays we delve into the FOUNDATIONS of our business. Today's Episode: How to be more PRESENT everyday. So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2HbVycZ Danny Randazzo got started in real estate investing through good old fashion hard work with a mindset to accomplish any goal he commits to. In high school, he started tracking monthly income and expenses to the penny to track money coming in and expenses going out. In 2013, he took every available liquid dollar to buy a 3 bedroom 3 bath primary residence in the San Francisco Bay Area. He house hacked with two roommates that nearly covered his cost of living plus homeownership (Danny paid about $450 monthly). After selling his place in the summer of 2016, he moved to Charleston, South Carolina with his fiancé (at the time) to build a real estate empire. In the winter of 2016, he made his first investment purchase, buying 2 commercial buildings that have 6 rental units. Since then, his company has purchased 1 commercial building with 14 rental units, 1 short sale renovation project and a 4 unit residential rental. His company now controls over $4,500,000 in commercial and residential real estate. Their current focus is commercial and multifamily investment opportunities that generate positive cash flow and or have value add opportunities. ON TRAVEL: “Its over 50 (countries traveled to)… Go out and experience other cultures and really have an appreciation for living in the best country with unlimited possibilities for entrepreneurs and business owners… Real Estate is something that interests us highly as a means to motivate our lifestyle and afford us the opportunities to travel around.” ON MOVING INTO HIS MARKET: “We settled on Charleston because we had a community of people. My wife was originally from Charleston. So we had a group we could be in grained with. We have a broker and an attorney in house who is part of our team. So it was a great way for us to get started with an existing network in place where we weren't starting from scratch. There is a growing economy in terms of jobs and population growth so two of the major factors I look for in a good real estate market we are experiencing here in Charleston…” ON MENTORSHIP AND EDUCATION: “I read for fun, but fun to me is stock market books, real estate books, finance books. I’ve always been very diligent around that and really building a foundation of what drives me is that education component.” Book of Influence: Rich Dad Poor Dad - Robert Kiyosaki Author of Influence: Dr Dolf de Roos - for commercial investing COMMERCIAL VS. RESIDENTIAL: “You have the ability to really scale and grow your monthly cash flow in a faster method. There is a difference between buying 10, 100K SFH versus one million dollar commercial property where you can have lower matinence, lower management oversight and potentially higher margins when you bring in some of those triple net lease options as compared to a single family rental. WHEN EVALUATING COMMERCIAL OPPORTUNITES: “We like to look for properties that will #1: produce cash flow on day one of purchase or very quickly there after if there is a value add component… And then, also have the opportunity to increase the value of that asset through increased revenue to that property either through increasing rents with tenants or potentially adding different streams of revenue. If we add an additional thousand dollars of income per month that equates to a significant portion when you value that property at the cap rate based on the current NOI. So little things like that can make a big impact to a large asset within the commercial space. ACTIONABLE STEP: “It’s still something that I’m working on: surrounding myself with more like minded individuals and mentors to help guide as you go through new transactions. I would love to have more people around me to support and have a continued network… I think it’s really important to step outside of your computer and connect in person with people. Walk people through your property or show them what your working on and validate your numbers. For me… getting started… I think it would have been helpful, I think I would have avoided the mistakes that I have made if I’d had a Mentor… Just have a Mentor.” WORDS TO LIVE BY: “Be quick to apologize if you make a mistake. Take ownership on your life and your actions. People get caught up where they want to invest in real estate but then they sit on the couch and watch TV for two hours in the evening. You have control over your destiny. You have control over your life style. There are very very very few excuses that ever should be brought up in taking control of your life and really getting to where you want to be BECAUSE IT’S UP TO YOU. You own your life. You own your mistakes. You own your successes. Another Book to Read: Extreme Ownership - Jocko Willink HOW TO GET A HOLD OF DANNY: www.Investwithdanny.com Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/307ohbF Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we discuss Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: HOW IS THE HONOLULU MARATHON LIKE LARGE MULTIFAMILY? This episode comes to you from the Beautiful Island of O’ahu in Hawai’i. We just got home from the Honolulu Marathon and realized the correlation! Please listen in for more! So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star Hosted on Acast. See acast.com/privacy for more information.