Accelerated Real Estate Investor

If you're a busy professional and have thought about getting into real estate investing, you may have the resources, the network, and even the capital to become an investor. Maybe you've been thinking about it for a while, but you keep telling yourself that you don't have the time. In this conversation, my goal is to prove that you have everything you need to get started. Dr. Harry Nima Zegarra is a very successful physician and real estate investor from the Dallas-Fort Worth area. Fifteen years ago, he emigrated from Peru to the United States with nothing, became a residential real estate investor, and eventually grew into multifamily, co-syndications, and sponsorships. And now, he's the principal in a 105-unit acquisition in the Fort Worth market, and I'm excited to talk to him about his journey. If you're ready to take your hard-earned income to the next level and find out how you can get involved in making great deals, especially your first ever real estate deal, but that voice in your head keeps telling you that you're too busy to do so then this episode is for you. Key Takeaways with Harry Nima Zegarra How to break into the world of real estate when you have the resources but not the time. How to network with other people who have big networks to get access to equity. Why commercial real estate is a team sport–and why you need to focus on your unique strengths, rather than trying to provide time, network, and capital all at once. The difference between being in the front of the house vs. the back of the house in commercial multifamily real estate. Harry’s three favorite social media platforms and what he’s doing to educate his audience and attract new investors. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/278 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

I wanted to jump on here for a quick solo episode and share some great news and how we got it done. We just closed on a fiercely competitive, 296-unit deal. Over the last few weeks, we’ve been going back and forth with the seller, their attorney, and the brokers to negotiate the fine details and agreements from our letter of intent. Standard stuff, right? In our letter of intent, we agreed on a purchase price of $16.3 million and $350,000 of non-refundable earnest money to get the deal across the finish line within 90 days. We had to settle a number of issues, including the closing duration (and if the purchase price would go up if we failed to close in time), which title company we would use, and how much prorated rent the owner would receive–just to name a few. In this episode, I want to walk you through how our letter of intent (LOI) set the framework for our purchase sales agreement (PSA) and what we did to get the best possible terms under the circumstances. For anyone about to negotiate their first significant deal (or any deal for that matter), I hope these insights will offer some value to you. Key Takeaways with Josh Cantwell How we set the closing terms for this deal and why it led to a negotiation with the seller about which title company we were going to use. How we negotiated prorated, past due, and additional rents. Why everything in an apartment building, down to the doorknobs and keys, is negotiable. How we wrapped our negotiations to close on the property by May 1 for $19.5 million–and why it will be worth over $26 million by the time we’re done with it. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/277 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

There’s a saying in sports that the best offense is a great defense. But can the same be said in real estate? Even if you’re a passive investor, you need to be looking for a combination of off-market, distressed, and on-market opportunities. You need a team that can help you make the deal happen. You need crews that can get the properties market-ready, and you need managers who can help deliver consistent returns. For this conversation, I’m thrilled to welcome my good friend Tone Robinson. Tone is a wealth builder, investor, speaker and author. We’ve known each other for 25 years, and we played college football together long before either of us entered the world of real estate.  In addition to owning his own portfolio, he provides an array of services to people who want to be passive investors in the Cleveland area. In his book, The Offensive Playbook: 9 Rules for Guaranteed Real Estate Success, he empowers the reader to go beyond the surface and build a great team to help implement a winning investing strategy. In this episode, Tone walks us through how he helps investors, the rules you need to follow to have success in real estate, and why education is much more important than trying to predict any market. Key Takeaways with Tone Robinson How Tone works with people who want to become passive investors in the Midwest. Why it’s so important to know what you bring to the marketplace as an investor and understand the trends in that market before you dive in. How Tone finds, secures, and manages contractors to reduce risk where possible. Why Tone got interested in real estate from a young age–and why his reasons probably apply to you, too. What makes the Midwest so great for entering into real estate right now–and what you can do to get your boots on the ground. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/276 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

For anyone that is interested in retiring early, moving abroad, living off of passive income, and spending your days on the beach of your dreams, today’s interview is for you!  My guest today is Becca Hintergardt. Becca is originally from the San Francisco Bay Area with lots of experience with multifamily deals as a co-syndicator and operator. In the middle of the COVID pandemic, she made some moves and eventually picked up her family and moved to the blue zone in Costa Rica to have some fun in the sun and live the Caribbean lifestyle. She tells her story in her book, 6 Steps to Put Your Income on Autopilot and Move Overseas, which you can download at HintInvestments.com.  In this episode, Becca walks me through the six steps you need to take to move internationally and live off your passive income. You’ll learn how long it takes to set this up, and you’ll be surprised to learn that it doesn’t take as long as you think. Lastly, we discuss how to put together the income to move and how to continue generating passive income after you do it. I hope you’ll enjoy this episode as much as I did. Key Takeaways with Becca Hintergardt The unique health benefits of living in blue zones. Why Becca left the San Francisco Bay Area–and why so many people are leaving major cities in the wake of the COVID pandemic. The big thing so many people overlook when trying to assess whether or not they could live off of passive income. How multifamily investments played a role in Becca’s passive income planning. Why you can’t live an international lifestyle accidentally–but you CAN pull the levers to make it a reality in a year or less. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/275 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

An investor recently asked me for a ten-year cash flow study of one of our apartment buildings. To be honest, it's not something I'm looking forward to doing. I feel like it's at best an educated guess–and so does the Federal Reserve. None of us can predict interest rates or rent rates, and the work doesn't feel productive to me. So I've been putting this projection off for a few weeks. Not because I'm lazy, but I definitely am procrastinating–primarily because we've already raised all the money we need to do this deal. I'll keep this episode short and sweet. Today is all about overcoming procrastination, not just in writing cash flow studies but in anything you want (or need) to do. I'm sharing the simple trick that helped me finish overdue projects, reduce my body fat to 5% in my early thirties, find deals, and achieve so much more. It's worked for me, and I hope it will help you too. Key Takeaways with Josh Cantwell The main reasons why we procrastinate. How accountability partners force us to take action. The importance of being aware of your calendar. Why we’re so comfortable letting ourselves down, but not others. Get started right away to find your accountability partner, set a meeting, and get something done. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/274 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Inflation. It feels like it's out of control, and there's no escaping it in this news cycle. The reality is that the Fed would likely prefer to have a recession than runaway inflation, and we're in danger of having an overheated economy. So, what does this mean for real estate investors? To help answer this question, it's my pleasure to be joined by Daren Blomquist, VP of Market Economics at Auction.com and a regular contributor to the podcast. Daren and I have seen it all–market run-ups, fix and flips, the pandemic–and I rely on him just as much as CNBC, CNN, and Fox do for data and information. In this conversation, Daren and I dig into the potential for a recession and how inflation affects us all. We'll also talk about how issues affecting single-family residential home development might impact multifamily apartments. You'll find out where Daren (and the buyers on Auction.com) are seeing great opportunities, even now. Key Takeaways with Daren Blomquist Why the yield curve is a good predictor of potential recessions. How inflation is impacting the housing market and why we’re at very high risk for a recession. The distress signals we’re seeing in the housing market. The factors that are creating investment opportunities in the midwest and the Sun Belt. How populations have migrated pre and post-pandemic. The areas where there are opportunities to make a profit right now. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/273 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

There’s no way around it: inflation means costs are up. Insurance and construction are more expensive. When your taxes get reassessed, they’re higher. You’re paying out higher wages and payroll. It can hurt. On the flipside, there’s higher rents to help you offset your costs, as well as a number of things you can do to protect yourself in these markets. So, what do you need to do? To get you the answers you need, I’m thrilled to welcome Chris Litzler, my capital markets broker. Chris is a Senior Director of Originations at Marcus & Millichap, where he arranges debt and advises on equity. In his first six years as a mortgage banker, he arranged over $1 billion in financing across the country. He’s done 15 of my 17 syndications and is currently arranging financing for a 296-unit building we’re about to buy for roughly $15 million. We talk about what’s happening in lending and capital not just for multifamily, but across office, retail, industrial, hotel, self-storage, and mobile home real estate. We also dove into yield curves, and look to the future as we discuss what capital markets will look like over the next two to ten years. Key Takeaways with Chris Litzler The key indicators that you should be taking a look at in today’s markets and how they affect your cash flow. How changes in commercial and residential real estate affect each other. What the Standard Overnight Financing Rate (SOFR) is and why it’s likely to jump over 100 basis points in the next 90 days. How to focus on stabilization in times of volatility. The risk factors Chris is always considering when possibly buying a new property. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/272 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Anyone who has ever worked on a renovation project knows that everything doesn’t always go according to plan. So, how do you handle the draws when you have a large value-add CapEx program and a loan with a bank or lender with construction draw money?  How do you prove to your bank that your draws are accurate, you’ve done everything right, but your actual plan doesn’t exactly align with your original one?  We purchased Forest Ridge Apartments in Parma, Ohio, for $11.65 million about a year ago. Our original loan was for $1.1 million in draws and $1.1 million in construction. From the start, the numbers lined up perfectly, but it got much more complicated when we firmed things up. When we submitted our final draw request, our banker needed an explanation as to why things were going the way they were. In this episode, I want to use what happened with our project to show you a real example of pro forma versus reality. When you’re ready for the next draw with your banker, I want you to have the insight to be able to explain yourself when things get complicated, get the budget you need, and have the power to add value to your deals when it’s within reach. Key Takeaways with Josh Cantwell Why we needed to invest additional funds into the commons at Forest Ridge apartments, and how this changed our budget. What happened when we submitted our final draw request, and how I explained what was happening with our lender. How we were able to beef up our budget from $1.1 to $1.41 million. How our improvements left us with a building worth more than it was when we originally underwrote it.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/271 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

For many real estate investors, it makes sense to invest in your own backyard. For others, passive real estate investing through syndications in another country makes even more sense, with more profit. In this episode, I’m joined by Ava Benesocky and August Biniaz, Co-Founders of CPI Capital. Ava and August launched their company years ago with the intention to be an owner/operator, but they’ve since switched gears to focus on private equity and syndication. Despite being based in Vancouver, British Columbia, their investment deals are with very experienced operators in the Sun Belt. They have raised and deployed tens of millions of dollars and have over $200 million in assets under management. In our conversation, we dig deep into how they find incredible deals in the Sun Belt from their home base in Canada and how they solve pain points for real estate investors. If you’re looking to learn how to invest virtually and invest in markets that are not in your backyard, you’re going to love this interview. Key Takeaways with Ava Benesocky and August Biniaz Why Ava and August have focused on the Sun Belt for new deals. Ava and August’s five specific criteria for vetting owner/operators. The four metrics Ava and August want to see in a deal before they invest. Thoughts on what is happening with markets, interest rates, cap rates, and finding yields. How CPI Capital helps to remove pain points for investors. How Ava and August underwrite deals and the specific metrics they look for. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/270 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Growth isn't easy when you're building a company worth $200 million. It's hard to have a clear hierarchy of what everyone is doing and how they're doing it.  For example, our portfolio will soon have about 3,000 units. We have at least 25 in-house staff as property managers and leasing agents. We also have 25 out-of-house to handle repairs and maintenance, 80 people on our CapEx crews, and a small handful of individuals in our corporate office.  What makes this arrangement work? Even though I'm usually focused on investor relationships, underwriting acquisitions, and analysis, our so-called C-suite isn't driving Ferraris and eating lobster while everyone else is taking the bus to work and surviving off of hot dogs. That's not how it works. In today's conversation, I want to talk about the difference between having your head in the clouds versus hanging out in the dirt. And more importantly, why having mutual respect between your employees, no matter what their role is in the company, is critical to your success. Key Takeaways with Josh Cantwell Why you need great working teams in order to focus on what you (and your best employees) do best. Why so many construction companies fall apart–and how you can use their failings to your advantage. How new entrepreneurs and investors can get out of the dirt and into the clouds. Why it’s so important for you as a leader to put in one-on-one time with your employees. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/269 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com