Accelerated Real Estate Investor

Lately, I’ve realized that we all have the power to decide exactly what our lives will be. There are more free tools and resources to empower you to succeed than ever before. In some ways, schooling and college degrees have become completely outdated.  I believe that anyone can transform their life–financial and otherwise–in less than a year. You don’t need supportive parents or a head start to do it, either. All you need is to shift your mindset, get rid of things that don’t serve you, and take advantage of the countless opportunities hiding in plain sight. Today, I want to talk to you about how to attract success, radiate optimism, and live the life you’ve always wanted to live and share 8 simple life hacks to help you do it.  Key Takeaways with Josh Cantwell Assume you’re the smartest person in the world and that everything that will fulfill you can be achieved. Spend every day fighting for your ideal outcome. Stop engaging with things that are negative, and fill your day with the things that are positive and make you happy like music or books. Turn off the news, celebrate your friends’ victories instead of gossiping about their failures, and cut out the pessimists in your life. How working out, drinking less, and eating better will cure your negativity and pessimism. 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/258 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

As you get ready to do any deal, you’re probably asking a number of questions: how should it be structured? How can I raise the money, and what do I do with it once it’s in the fund? Today’s guest, Kenneth Gee, has answered these questions many times. As the founder and CEO of KRI partners, he creates wealth with investors through multifamily real estate. He’s bought and sold thousands of units, as well as owned and operated buildings in Cleveland and Florida. He’s also the author of the free e-book, Multifamily Real Estate Is a Total Gamechanger. In it, he walks you through the process of how to make money through passive real estate investing, how the worlds of funding and syndication work, and how to vet sponsors. Ordinary people have used Ken’s methods to get into great deals and make fantastic money, and he’s just as passionate about helping create opportunities as he is protecting you from bad actors. In my conversation with Ken, we dive deep into the tools and strategies he’s used to build a thriving business. You’re also going to hear all about a virtual event called The Money Show that we’ve never talked about before, and you’re going to love learning how to use it to raise and recruit investors. Key Takeaways with Ken Gee How to stand up and structure a blind pool fund for multifamily real estate acquisitions. Why successful real estate investors live on Zoom. How to eliminate equity raise risk. Why your second deal will be 90% easier than your first. How to effectively place capital in multifamily deals. 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/257 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

In this episode, I want to share a great strategy to get your CapEx team rolling and get those vacant units filled quickly. For context, we recently purchased the Forest Ridge Apartments–a 220 unit development on Chevrolet Boulevard in Parma, Ohio.  This building had 39 units being turned over by our capital improvements team, which updated the flooring, kitchens, hardware, bathrooms, paint, and more. We wanted them not just finished but leased.  So, what did we do? We hosted a leasing event, which is essentially an open house. In addition to helping your units turn a profit faster, a leasing event also forces your capital improvement and construction teams to get those units completed and ready for viewing. In today’s episode, I explain why we took this approach and created a hard deadline and everything we accomplished because of it. You’ll learn how to deploy this strategy to accelerate the turnaround on your projects, get those vacancies filled, and create positive cash flow now instead of weeks from now.  Key Takeaways with Josh Cantwell How leasing events force your teams to put in the hours to get your units ready to turn a profit. When to set a leasing event date for a building you’re in the process of stabilizing. When to drop advertising rates on certain units and why it has only a minimal impact on your bottom line. Why it’s more important to fill vacancies than to lease at the top of the market. How we dealt with a brutal snowstorm hitting us 24 hours before the event–and how the importance of building great connections and relationships. 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/256 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

Once you’ve done the deal and purchased the property, that doesn’t mean your work is done. Your 20, 50, or 80-unit building may be new to you, but it’s likely distressed.  If your new property hasn’t been updated in many years, then it’s time to build a game plan to meet your goals, maximize your profits, and ensure your tenants have great, safe places to live in. That’s why I’m excited to share this interview with my new friend, Van Sturgeon. Van has over 30 years of investing experience and personally owns over 1,200 properties across North America. Throughout his career, he’s focused on the art of renovation. He’s renovated thousands of homes and commercial properties, written several books, and published in a wide variety of media outlets.  In our conversation, Van walks me through his strategies to rehab, renovate, and transform distressed properties sustainably. You’ll learn how to smartly allocate your CapEx budget, the traps that so many first-time buyers fall into when making renovations, and the key elements to making your first multifamily deal a great one. Key Takeaways with Van Sturgeon How to use realistic goals to craft a smart and sustainable renovation strategy. How to create a needs and wants list to determine where your CapEx spend belongs. The importance of not only walking through your buildings, but your competitors’ buildings as well. The most common mistakes for first-time real estate investors. Overcoming the unique challenges of trying to plan and manage renovations remotely. Why building long-term relationships is so critical to finding great deals and making them work. 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/255 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

At the end of the day, what really matters to me isn’t the money–it’s whether or not I enjoy what I do.  When I put my head down on the pillow at the end of the day, I want to be able to say, “Man, I had fun.” Whether I was evaluating deals, going to lunch with a client, recruiting capital, coaching with my kids, working out, that’s what keeps me going.  In 2022, after sprinting and focusing on lots of things that I didn’t always want to do to grow a great business, my goal is to feel joy. I’ve realized that power and ego don’t matter and will never feel as good as being able to tell my wife that I had fun at the end of the day. In this episode, my hope is that you’ll take a few moments to think about the things that make you happy so that you can experience joy in every aspect of your life. When it’s all said and done, there’s no point in putting in all those long hours and creating a successful business if you can’t find some time to find some joy in your life along the way.   Key Takeaways with Josh Cantwell Understanding what matters at the end of the day, or in 50 years.  The joy in doing the little stuff that gets projects across the goal line. How to keep your work focused on the parts that give you joy, rather than fighting or sprinting all the time. How to measure your instincts and find your flow state. The value of reflecting on what gives you joy. 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/254 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 Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

The world of self storage has changed a lot in the last 15 years. Since 2008, investors have had incredible opportunities to turn around underperforming mom-and-pop businesses or convert unused property into more of this in-demand asset class. And nobody knows this better than today’s guest, AJ Osborne. Since we last spoke in July of 2020, AJ has become one of the world’s top 70 self-storage operators. He’s also the bestselling author of The Investor’s Guide to Growing Wealth in Self Storage and host of Self Storage Income, the number one podcast in his field.  In our conversation, AJ walks me through how and why he’s chosen to focus on self storage, what he’s doing to maximize his value as the world emerges from COVID, and what investors in this asset class need to know as they navigate the unique challenges of the US economy in 2022. Key Takeaways with AJ Osborne The three strategies AJ uses for investing in self storage.  Why the self storage industry underwent a dramatic transformation in 2008, creating a massive opportunity for investors. Why self storage outperformed so many other asset classes during the COVID pandemic. How rising costs and changing interest rates have affected AJ’s operations. Why both multifamily and self storage rents are likely to keep rising. AJ’s two keys to success in real estate investing. 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/253 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  

When you're building a company and creating a culture, I think it's essential that we understand that nobody is more important than anyone else. Everyone on your team is a key component to your success, and whenever you get to roll up your sleeves and get your hands dirty, it's a great reminder of the roles that everyone has in that success. There's also a huge difference between doing the bare minimum and going above and beyond. If done right, it doesn't just create better living experiences for your tenants–it can have a significant impact on your overall valuation. Last year, we did a deal called 52 Lake: the Clifton Lakes Apartments on Lake Avenue in Cleveland. It's a very walkable area located right by Lake Erie. As we started to work on the building, we realized that we had the potential to create an additional million dollars in stabilized value but that we'd need to put more than double what we'd initially planned on CapEx to make it happen. On top of that, we also want these apartments leased, signed, and filled by the end of March to make it cash-flow positive on April 1.  I'm thrilled that we're now way ahead of schedule and on track to be pro forma a year in advance–despite going over budget by over $400,000! In this episode, I break down why we went over budget to change this deal for the better. You'll also learn the most important thing you can do as a CEO to build relationships with your crews, inspire amazing work when you need it most, and develop a fundamental understanding of the work that goes into your deals.  Key Takeaways with Josh Cantwell The best thing you can do to get great work out of your property managers and crews. Why we saw value in going over budget on our CapEx with this project and where the money went. How to tell if a deal still works when you deliberately go over budget. Why you should walk every unit of your buildings. How we’re going to aggressively market 52 Lake to ensure that the building is filled by April 1, 2022.  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/252 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 Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

Stewart Beal has been an entrepreneur since he was 13 years old. When he was 19, he already had a 6-figure exit from a landscaping business. At which point, Stewart founded Beal Properties, LLC and has since founded 20 other companies in the real estate and construction industry. Stewart isn't just a serial entrepreneur–he's a very relatable guy who happens to manage 500 units of residential, multifamily, and commercial real estate. Across seven large syndications, he's raised over $135 million and is a 20% owner in over 6,000 units in the Greater Ann Arbor area of Michigan. He's a founding member of Watermark Partners, which manages a set of real estate funds that have deployed more than $100 million in equity. And now, Beal Capital has just launched its second fund to raise $10 million and purchase $35 million in real estate. In our conversation today, you'll get an in-depth breakdown of his fund structure, discover his strategies for acquiring deals, you'll learn why hiring real property managers is so important, and much more. You’re going to love this interview. Key Takeaways with Stewart Beal Why Stewart focuses on off-market deals on class B and class C real estate in tertiary markets. How Stewart uses his new company, Beal Capital, to raise funds and create opportunities for outside investors. The five strategies Stewart uses to get his foot in the door with off-market deals. The lessons he learned during Michigan’s seven-year foreclosure crisis. How cash flowing assets like real estate can help you stay above water during market downturns, and why flipping properties and building new construction can be problematic. Why Stewart recommends investing in multifamily real estate units that are at least 5 units in a hot market. How to block out the negatives and use your platform as a property owner to give back to your communities.  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/251 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 Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

If you've been a real estate investor for any length of time, you probably know that every deal doesn't always go according to plan. Problems can arise at any point in the process, but with the right team and the proper mindset, you'll find a way out to make it work and get the deal done. And that’s what today’s episode is all about. In November of last year, we bought and closed a 50 unit property in Lakewood, Ohio, and another 170 unit property in Cleveland. We called the deal 220 Brookside Shady. We agreed to purchase it for no more than $14.85 million and raised the money with the intention of closing on December 30th. On December 29th, at 9:16am, we found out that due to a change in the appraisal value, we were going to be short by $933,000. This meant that we had one day to raise an extra million dollars to save $200,000–and the deal. No problem, right? In this episode, I will break down exactly what we did to avoid missing out or overpaying on this deal. I'll also share what we learned from this real-life case study to help you apply them as you work through the challenges, setbacks, and inconveniences you face as you close your own deals. Key Takeaways with Josh Cantwell Why it was important to close the deal by December 31st. How the appraised value came up $933,000 less than anticipated, and the steps we took to cover the difference. Why appraisals typically come in short and how you can prepare for this. The value and peace of mind that comes with raising more than what you need for your deals. How we increase our credibility with brokers and real estate agents by closing deals quickly. A reminder that the relationships you build with private investors can help you out of tough situations. 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/250 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 Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

From humble beginnings to thriving in one of the hottest markets in the country, Camilla Jeffs is not just a multifamily real estate investor; she is literally building neighborhoods. As you'll see in this interview, if you have the right strategy, with the right team and resources, you can provide an invaluable service to countless people while living life on your terms. Camilla has been a real estate investor for 18 years. Her journey began while renting a poorly converted garage apartment with her husband. When she asked her landlord for advice on how to get started in real estate, their response was simple: Buy a house that has a basement apartment. Since then, Camilla has purchased many properties, closed countless deals, raised tons of money for other investors, and is now making an impact by building assisted living, boutique-style neighborhoods, which is a win-win situation for her business and her tenants. In this conversation, Camilla peels back the onion to share her journey from garage-unit renter to a burnt-out landlord to a multifamily investor. We'll also talk about her strategies for investing in two hot markets, the databases she uses to evaluate deals, and what she learned from the critical mistakes she made along the way. Key Takeaways with Camilla Jeffs The win-win opportunities that Camilla has found by building assisted living neighborhoods. Why the Phoenix area continues to see explosive growth year after year. How to not overpay in hot real estate markets. How to make data-based decisions–and the databases Camilla uses to evaluate deals. The value that Camilla’s business model adds by vetting operators and sponsors before getting passive investors involved. The four main roles of a general partnership. What Camilla learned from some of her early failures when raising capital for her lead sponsors. The biggest mistake that investors can make when raising capital. The importance of staying patient in multifamily investing. It’s a marathon, not a sprint. How Camilla is using LinkedIn to raise capital. How you can join Josh’s Forever Passive Income Mastermind. 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/249 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 Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast