Multifamily Live

Download This Awesome Podcast: http://bit.ly/2Vt33pZ Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we invite Kevin Dowling, ninja and Managing Partner of Oak Capital Partners, to join us for a discussion in 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 are giving you an Update on the progress of our 94 Unit in Kentucky!!! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2JtORWw Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we discuss our transition out of our large scale business plan into the laser focus we now have. Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2H7xV6C Lane Kawaoka lives in Honolulu, Hawaii and is a Project Engineer and Licensed Professional (PE) Civil/Industrial Engineer. In 2009, He was able to save for an A-class rental in Seattle. After discovering the difference between 'Cashflow Investing' and 'appreciation investing (gambling/speculating)'... Lane moved his portfolio into 11 single family rentals in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Today, Lane is laser focused on Class C & B Multi-Family Apartment investing because of this Nation's demand for affordable housing. "JUST GET IT!" Get your first property and get that cash flow! MUST READ: "I read "The Millionaire Investor by (Gary) Keller. This is really the only book you need." ON 1031 Exchanges: Lane took his first TWO rental properties and turned them into NINE highly cash flowing properties!!! Listen in for more information and what lessons he learned! ON TURN KEY RENTALS: Lane says you can either go to the provider and you'll get the best price but they are not always going to have your best interest at heart. OR you can go to marketers... but they will usually throw on their fee! If you want more information on vetting Turn Key operators you'll need to wait for his book to come out! THE NEXT STEP: "I hit my 10 property Fannie Mae limit... and out of the 10 properties at least 1 of them goes into foreclosure a year"... then there's the cap ex... "it's just not scaleable." "Multifamily is the trajectory that I am headed in! ... The US Government wants good, stable housing for the general public"... They are incentivizing investors with non-recourse debt from Frannie and Freddie. ON BUYING MULTIFAMILY: "Be patient and hit your criteria." And "key in on expense on the P&L - if there is less than 3K, I throw it out..." ACTIONABLE STEP: "START WITH SINGLE FAMILY... You need experience. You need the liquidity. You don't want to make your first mistake on a 2 million dollar property! Who the heck will work with you if you have no experience... It's all about adding VALUE." WORDS TO LIVE BY: "The quality of your life is in direct proportion to the amount of uncertainty you can live with." WHERE TO FIND LANE: www.simplepassivecashflow.com And look for Lane's upcoming book: "How to Buy a Turn Key Rental." Thank you so much for listening! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2DYUDvR Today, Pili talks about the two things that have helped her... and will help you... SHIFT INTO MULTIFAMILY. Thank you for listening! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2Vq28GU Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we give you ONE THING you need to work on CONSISTENTLY to get the MAXIMUM ROI from your marketing. Thank you for listening! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2YiKJg6 It has been ONE YEAR. Steven Pesavento and Dave Beford met exactly one year ago at FLIP HACKING LIVE. They have gone from NO DEALS to making SEVEN FIGURES THIS YEAR. WHAT!?! If they can do it you can too! Dave Beford was active duty military for 11 years. His first foray in to real estate was in 2010 with a rental in Georgia (that still cash flows). After many years of working many other jobs… he finally took the dive… Steven Pesavento grew up watching HGTV in a construction family. His 9-5 jobs have included management consulting and some other job in the tech sector. Like many, Steven had a multitude of LIMITING BELIEFS that kept him from taking the leap… “YOUR END GOAL IS FREEDOM” ON SUPPORT: Dave and Megan have been married for almost 14 years. Megan could see that Dave was unhappy. “She was pushing me towards leaving corporate America… she got her real estate licence and is killing it!” Not only did Megan SUPPORT Dave BUT SHE IS ALSO A CONDUIT OF SUCCESS!!! On LIMITING BELIEFS: Steven had to realize that with the right partnership and mentorship YOU CAN LEARN. He cut himself from all options and pushed. “I saw that other people were doing it.” ON PARTNERSHIPS: “You have to be alined in values… on the mission you are working towards and the goals you are going after. We talked for months before going into business.” ON MENTORSHIP: Dave and Steven met at FLIP HACKING LIVE, a real estate conference held yearly in San Diego, California by House Flipping HQ Mentor Justin Williams. Dave: “The best part and the most powerful part is being around people who are doing more than you. People who force you to raise your game.” Steven: “It’s being surrounded by people who are doing what you want to do and at different levels.” People who you can learn from and people who you can teach. Do you want to learn from Dave and Steven? DO ou want to find out first hand how they went from 0 to SEVEN FIGURES in a year? Check out www.7figureflipping.com or www.houseflippingHQ.com to learn more about this awesome group! ACTIONABLE STEP: “Just do it. Stop thinking and do it… DO IT TODAY!” “Call up a for sale by owner. GO see their house and make an offer.” WORDS OF WISDOM: DAVE: “Why live an ordinary life when you can live an extraordinary life STEVEN: “You are the sum of the five people you spend the most time with.” “A big part of growing a business is managing people… People are the MOST IMPORTANT part of this business.” HOW TO FIND DAVE AND STEVEN: www.bfinvest.com Dave@vonfinch.com So grateful to Steven and Dave for sharing their extraordinary lives! And thank you for listening! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2HbJABE Jide Alufa began his investing career in 2015 after investing in himself and getting a mentor from the very beginning! Marvin Espinal was on his way to getting his doctorate in Physical Therapy before the REI bug hit him. Marvin started about 8 years ago renovating properties off the MLS in the DC and Maryland markets. After a visit to Ohio introduced him to a new, less expensive market… his business took off. When the MLS dried up, Marvin came back to his original market to focus. Jide and Marvin met at an REIA meeting that Marvin was speaking at. Jide on Investing on Yourself: “I trust You.” Jide spoke with his wife and she was ALL IN! She trusted him to succeed and take their lives and new business to the highest level. Marvin on SYSTEMS: “I’m only one person and I can’t renovate an entire property by myself… It’s alway been a concept of time or money. Whether I’m going to give up a tone of time to save some money or if I’m going to give up some money to have more time. At the end of the day YOU CAN’T BUY MORE TIME.” Jide on the HUSTLE: “You best believe I’m going to get it done!” When Jide decided to jump into the world of Real Estate he dropped 25K on a coaching program. It was one of the best decisions that he made. It forced him to LEARN, GROW and HUSTLE! ON PARTNERSHIPS: Jide is the happy, customer service orientated face of the company. “The people Person.” Marvin is the “stoic” numbers guy… detached when it comes to decision making. A perfect combination! Jide and Marvin focus is primarily on Wholesaling. They focus on time vs. money and the wholesale/wholetail model gives them the returns they seek in both arenas. ON FOLLOW UP: Jide and Marvin have an AMAZING FOLLOW UP SYSTEMS! Listen in to find out their personal touch! Hint: it’s all about finding out what the sellers favorite mode of communication is! ACTIONABLE STEP: Get Determined and Follow through. Network and and make relationships. Make a list of a hundred people that you know and use this script: “Are you looking to sell a house in the next 6 months or do you know anyone that does.” And the follow up again every 3 months!!! WORDS TO LIVE BY: MARVIN: “How things start is how they finish.” If there is a buyer who starts flaky then that is how the whole transaction JIDE: “Integrity.” The REI community is small with a long memory. Treat people with integrity. WHERE TO FIND JIDE AND MARVIN: marvin@Marylandcashoffers.com jide@marylandcashoffers.com Thank you for listening!!! For more information on 7 Figure Flipping and House Flipping HQ please go to: www.7figureflipping.com www.houseflippingHQ.com Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2JppuW1 Don Costa has an amazing real estate business flipping well over 100 homes a year. He shares his knowledge in his podcast at http://fliptalk.com. We are so honored to have Don on our show. His story is inspiring... FROM DON: I am a husband and a father, I am a real estate investor and for better or worse I am an entrepreneur. In 2012 I was broke and I don’t mean broke in the “I don’t have enough to do what I want” kind of way. I mean broke like I had to choose between groceries for the week or the electric bill. I would literally grocery shop with my calculator in hand so that I wouldn’t embarrass myself at checkout. More than once I pulled up to the gas station and bought one gallon of gas with quarters so that I could get my kids to the sitter. That year I mentally hit my lowest point, feeling defeated, scared, and in a deeper hole than most of you that are just starting out. I looked in the mirror and had that honest conversation with myself. “What is it I really want to be doing?” I knew I wanted to get back into real estate, but this time being more focused and running it like a proper business. I made the decision to build a true real estate investment company. So, how did I climb out of the hole and back into the light? I posted ads on Craigslist looking for joint venture partners and for agents that wanted to work with investors. Next, I started calling agents to let them know that I was a player looking for properties. I interviewed contractors, vendors, and spent some time at Home Depot learning product costs. What was the result? I met an investor through the Craigslist post and found an agent that had a property I could flip. I made connections with a few of the vendors that I still work with to this day. Lastly I gained team members who believed in me and helped in growing the business. All of this happened less than 30 days from the moment I made the choice to change my mindset and in a handful of months I had the first check. It was gone before I got it, of course, but regardless I was in business! As I look back one thing stands out – “as if”. From day one I acted “as if” I had money in the bank and I was already crushing it. I acted “as if” I had been doing it for years with all the confidence that came with it. From day one I acted “as if” I was building one of the largest and most reputable house flipping companies in my market. That mindset gave me the strength to overcome obstacles and the confidence to build the necessary relationships to succeed. I won’t even try to pretend it was easy, it was some of the hardest work I’ve done. But now I have the checks to prove it was worth it! Four and a half years after that day looking in the mirror I sit here simply amazed at what was accomplished. This company has become such a strong force in our market. DON's BIG WHY: I am an entrepreneur to the core and I love making deals. My why’s run deep and in a lot of ways they are complex. The foundation of who I am is built by my faith in God. It motivates me every day to be a better person. The beauty of life through the eyes of my children and the life that I want them to have is what drives me each and every moment of the day. Bottle all of it together and you have the perfect storm for massive action. I truly love what I do because real estate investing has given me the time and freedom to enjoy my children. It has given me the chance to live life on my terms and I honestly can’t imagine doing anything else. Real estate investing has truly changed my life for the better. ACTIONALBLE STEP: Network! "The ROI on relationships are IMMEASURABLE!" Don is holding a conference in Fresno, CA on November 3rd and 4th. For more information go to the link below. WORDS TO LIVE BY: "Know your value." WHERE TO FIND DON: http://fliptalk.com don@fliptalk.com Thank you for listening!!! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2PKpd0T Today on Multifamily Mondays, Jason explains different ways to WIN IN MULTIFAMILY! Thank you for listening! Hosted on Acast. See acast.com/privacy for more information.

Download This Awesome Podcast: http://bit.ly/2JbhRlM Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we talk about solving sellers situation and making your offer THE BEST! Thank you for listening! Hosted on Acast. See acast.com/privacy for more information.