Accelerated Real Estate Investor

When I look back on our accomplishments in 2021, we achieved a tremendous amount. My team was able to purchase almost 1,400 units worth of apartments, with a total purchase price of $120 million and a stabilized value of $180 million. The thought of making that many deals with those numbers a few years ago would have seemed impossible. Don't get me wrong, I'm very proud of what we were able to do last year, but that's not what I want to talk about today. There is one thing that I needed to do before I could accomplish those goals, I needed to get over my fears. Fear of getting into commercial real estate, fear of setting big goals, and even the fear of accomplishing them. Fast forward to today. Every time I make a deal, there's a little voice in my head that says, "God, I hope this doesn't even go through." In today's episode, I won’t be talking about how to live a life without fear. Instead, I want to teach you how to focus on how to overcome your fears, focus on what matters most, and get out of your own way so that you can make your dreams come true. Key Takeaways with Josh Cantwell Where our fear comes from and how it’s built into our bodies. The value of focusing on what’s most important to you to overcome fear. How your capacity to accept and push the boundaries can prove to be a valuable personality trait. How to assess risk when looking at commercial real estate deals. How to reduce the risks of a real estate deal and best position yourself to succeed. Why fear is never as important as happiness. 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/248 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

Now that 2022 is underway, many of you have set goals and made big plans for the year. And what I really want to talk about today is, what makes you happy? There is so much judgment going on right now about politics and our freedom of choice that it’s easy to lose focus on what’s important. So I want to help you get clarity as you chart your course for the new year. I want you to set authentic goals that are truly your own, that make you happy and help you get excited to accomplish whatever it is that you want to do. In this episode, I talk about how to seek happiness in a world that’s never felt more divided. But more importantly, how you can set financial goals in service of your happiness instead of material stuff, and how to let go of your judgment, stop caring about things that don’t matter, and live life on your terms. Key Takeaways with Josh Cantwell Why it’s so easy to set inauthentic goals in order to please other people. How your financial goals can help you better serve your family and community. The happiness that comes with having freedom of choice. How to talk through your financial goals with your loved ones and get the support you need to make them happen. Why there’s no such thing as a one-size-fits-all goal. What Josh’s plans are in 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/247 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’re an active investor looking for more capital for your deals or a passive investor looking to deploy your money and find operators to lend and partner with, you’re going to love today’s interview with Jay Conner. Jay has been investing in real estate since 2003. After a few years of early struggles, he’s gone on to raise millions of dollars of private money and built a robust portfolio of single-family rentals and small apartment buildings. In his new book, Where to Get the Money Now, he shares how to get private money for your deals, as well as his secrets and strategies for recruiting and raising private money. In our conversation, Jay and I talk about the three specific places to raise money right now, his five-step process with possible new lenders from starting the conversation to getting a verbal pledge, and why it’s okay to struggle–but not okay to not seek help. If you’re short on cash for deals, have been turned down by banks, lack the confidence to raise capital, or feel stuck in your investment career, this interview is for you.  Key Takeaways with Jay Conner Why Jay believes 2022 will provide real estate investors with big-time opportunities to help people and create win-win strategies for those facing foreclosure. Why inflation may be here to stay, and why interest rates are likely to stay low. Jay’s favorite ways to unlock private money. How he’s using digital marketing funnels to attract accredited investors. A 50,000-foot overview of Jay’s five-step fundraising process. The mistakes Jay made in his first six years trying to break into real estate investing. The important reminder that it’s okay to struggle, but it’s not okay to not ask for help. Never let your emotions make your investment decisions for you. 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/246 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

In all the interviews that I’ve ever done, this one just might be my favorite one yet. My guest today is a long time friend, Mike Zlotnk. I thought his insights on hotel to multifamily conversions were fascinating and the economics of stripping out cash flow and depreciation and then giving them to different types of investor groups was equally brilliant. Mike is the CEO of TF Management Group, LLC which runs four real estate investment funds. He has been a debt and equity investor in real estate since 2000. After a successful 15 year career in IT, he pivoted to real estate investing because of his passion for real estate and its predictability of outcome and risks. I was completely blown away with how Mike structures preferred equity versus common equity, common equity versus mezzanine debt, how he pulls out the cash flow in an A share, and how to strip out the depreciation through a cost segregation study in a B share. I’ll definitely be using this in my own company, and I’m sure some of you will too. In this interview, we also dive into how Mike raises capital, what makes a hotel property an ideal candidate for a multifamily conversion, why hotel conversions are generally low risk investments, and so much more!  Key Takeaways with Mike Zlotnik Why Mike decided to focus on hotel to multifamily conversions. How he structures preferred equity versus common equity shares. How you can pull out the cash flow in a Class A share and use the depreciation through a cost segregation study in a Class B share. The ideal hotel properties that are best suited for conversions to multifamily properties. Why high-rise properties are not ideal candidates for conversions. The three most common ways to enter the multifamily real estate investing space. Why conversions are a lower risk investment than building from the ground up, especially with the current costs of supplies and labor. 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/245 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 ever felt that you’re always chasing the next deal, living deal to deal, month to month, you’re going to love this episode with David Richter. David is the owner of Simple CFO Solutions, where his advisory services helped a company not only grow from five to 25 deals a month, but took them from being unprofitable to building cash reserves. David is an active real estate investor who has been involved in over 850 deals from wholesale, turnkey, owner finance, and almost anything else you can think of. He’s on a mission to completely transform how real estate investors view their finances–and help people achieve true financial clarity and freedom. His newest book is called Profit First for Real Estate Investing. Co-authored with Michael Michalowicz, David has adapted the Profit First mindset and system–something I personally use in my businesses and really believe in–specifically for real estate investors. In our conversation, you’ll learn how to stop living deal to deal, how David adapted the Profit First principles to address the unique challenges of real estate investing, and what you can learn from his incredible new book. Key Takeaways with David Richter Why so many real estate investors end up spending almost every dollar they bring in. How his early struggles with cash management led David to the Profit First mindset. The steps that go into the Profit First mentality–and why you NEED to pay yourself first. How to measure and analyze your success–and why so many people fail to do this important work. How David’s business provides CFO services at a fraction of the cost of a traditional, full-time CFO–and how you can work with him. 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/244 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

At this point, most real estate investors are familiar with value-add improvements. All the standard upgrades like countertops, flooring, and bathrooms. But what about the closets? Well, my guest today has found a niche that is creating an average increase of $45/unit with a 37% ROI with less than 3 hours of labor! Jim Monk is the President of Clozzits.com. He’s been a serial entrepreneur for 17 years, he’s helped build three multi-million dollar companies and his newest venture has expanded into 18 markets in just two and a half years. His company has developed a program to increase rents by 3% to 8% while improving the net operating income of your buildings and your asset value. And they’ve worked with huge companies like Katerra, Harbor Group, MMA, and Pinnacle and hundreds of thousands of units. In this episode, Jim talks about how the idea of renovating closets got started, the incredible organic growth that they’ve had and shares how their simple process can add so much value to your properties. We also dig into his thoughts (and concerns) with cryptocurrencies and whether or not these hot markets in the US are sustainable. This is a jam-packed interview that I know you won’t want to miss. Key Takeaways with Jim Monk How Clozzits help to make your units stand apart from your competitors. Jim’s concerns with the big players in the multifamily real estate space and how inflation costs could impact returns in the future. How his company can help investors to get a 37% ROI with an average increase of $45/unit. The beauty of the simplicity, the quality, the costs and the turnaround time for the completed work. Why newer entrepreneurs should seek advice from those who are at least two steps ahead of them. Meaning if you own 100 units, talk to somebody that owns a thousand units. Jim’s thoughts on cryptocurrency, both the positive aspects and the negative. Predictions on whether or not the hot markets continue to be hot in the next 3-5 years, especially in the Sunbelt markets. Why building processes and procedures are the most important key to success for scaling a business and managing people. Jim’s favorite hacks for scaling and growing companies, including listening to podcasts! Keep an open mind as you never know when or how things may change. 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/243 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

When you’re choosing a real estate market to invest in, where should you start? What makes some markets better than others for the long-term? Today’s guest has you covered with a great list of 6 key elements to help you determine which areas will be hot and which ones you should probably stay away from. Pancham Gupta is the Co-Founder of Mesos Capital, which owns and controls over $125M in assets. He’s the host of The Gold Collar Investor Podcast and has a masters degree from Carnegie Mellon University. His passion and energy for helping other investors discover an alternative to the stock market is fantastic. Pancham has an incredible story that I think you're going to love. He immigrated from India to complete his master's degree in the US. After building an incredible finance career in NYC, he made the difficult decision to walk away, so he could start investing in real estate. In this episode, you’ll hear about Pancham’s criteria for selecting a market to invest in, and the types of properties his company is focused on. You’ll also hear his amazing story of how he paid a mentor to help him leave his high-paying finance career and his advice to young entrepreneurs: Go after it! Key Takeaways with Pancham Gupta How Pancham structures real estate syndications with two asset classes. The six criteria that Pancham looks for when selecting real estate markets. The features of a property that must check all of the boxes to be considered as an investment property, including age of the property, plumbing, HVAC etc. How Pancham got started in real estate and why his original plans to move back to India changed. Why Pancham hired a mentor to help him finally quit his high-paying job, despite the pressure from his family to stay in it. The importance of educating yourself and maximizing every moment of your spare time before making the transition to a real estate investor. 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/242 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

In today’s world, the perception is that bigger is always better. But that’s not always the case with real estate investing. And my guest today is fully aware that there’s still great profits to be made with those smaller multifamily properties. Tim Vest is the Founder of Harvest Properties Group, and has more than 15 years of experience in real estate and development. Like many real estate investors, his journey started with fixing and flipping single-family homes until he was able to scale his business out of residential and pivot to multifamily properties. While the vast majority of his portfolio has been created with properties that are 20 units and up, he hasn’t lost sight of the fact that the smaller multifamily properties still offer great returns. With less competition and higher cap rates than the 80 or 100+ unit properties, he’s been able to keep the cash flowing and his investors happy. In this episode, we’re going to talk about why these smaller properties are yielding bigger ROI, some of the lessons he learned from flipping single-family homes which led him to pivot to multifamily, and why you shouldn’t wait until everything falls into place before you make deals. Key Takeaways with Tim Vest How Tim was able to scale himself out of residential real estate. Understanding how having just one or two vacant properties in your single-family portfolio can wipe out an entire year's worth of profits. Why it’s easier to hire a general contractor for multifamily upgrades versus single family flips. How the cap rates on smaller multifamily properties have provided a bigger ROI and have been some of the most profitable deals for Tim’s company. Why Tim is focused on the student housing market, especially in the Southeast. How attending masterminds has been one of the most successful ways to create partnerships. Tim’s best advice on taking action today. Don’t wait for that perfect deal to fall into place. The key to finding deals is by constantly networking. The importance of never putting yourself in a position where you only have one exit. 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/241 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

What is the difference between an entrepreneur and someone who is self-employed? In my latest interview, I have the perfect guest to help us answer this very question. Gino Wickman is the Founder of EOS, The Entrepreneurial Operating System, which helps others run great businesses. He’s been an entrepreneur since he was 21 years old and has sold millions of copies of his books, including Entrepreneurial Leap and Traction: Get a Grip on Your Business. In this episode, we dig into the six essential traits of a successful entrepreneur, why people have to be born with these traits as they cannot be taught, and how Gino has been able to have such incredible success while taking up to 12 weeks off each year. You’ll definitely want to check out Gino’s Entrepreneur in the Making Assessment tool by visiting E-Leap.com to find out if you have the same traits that most successful entrepreneurs have. I think you’re going to absolutely love this episode. Key Takeaways with Gino Wickman Gino’s definition of an entrepreneur. The six essential traits of a successful entrepreneur. Determining whether or not you can make the entrepreneurial leap from employee to entrepreneur. The difference between an entrepreneur and someone who is self-employed. How you can find the “Entrepreneur in the Making Assessment” tool. Why the six essential traits of a successful entrepreneur cannot be taught. Gino’s definition of a true risk-taker. How someone can tell if they have the traits to be a great problem solver. Why Gino focuses on industries that aren’t susceptible to constant change. How taking time off can actually be helpful to grow your business faster. 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/240 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

In the real estate investor world, it’s very easy to be laser-focused on raising capital, raising rents, and increasing your bottom line. But one thing that can cripple a business is adding more debt to maximize profits.  My guest today is Hunter Thompson. Hunter has helped hundreds of investors close deals in commercial real estate and controls $100M in assets. He is the Founder of Asym Capital, the Host of the Cash Flow Connections Real Estate Podcast and the author of Raising Capital for Real Estate: How to Attract Investors, Establish Credibility, and Fund Deals.  I absolutely loved this interview because we’re on the same page with so many key concepts. Building trust and credibility takes effort and time, and Hunter has done it with incredible success. In this episode, we talk about some of the economic indicators that’s driving some of the supply and demand issues right now, particularly in Arizona. Hunter shares his AENC system and how that has been at the core of his success. We also dig into the importance of speed and moving quickly in your business and why finding your niche is so important for long term success. Key Takeaways with Hunter Thompson The key economic indicators contributing to the growth in Arizona, along with the supply/demand issues so many markets are facing. The valuable lesson that Hunter learned early on in his journey, when the money doesn’t always just show up if you’ve found a great deal. Why Tony decided to pivot into providing gap funding for other real estate investors. The importance of standing out, finding a niche so that when people are looking for assistance in a specific area, your name is at the top of the list. How Hunter tailors his content creation strategies to his clients to maximize success. The story of how Hunter’s AENC system was created after an embarrassing presentation yielded zero dollars in new capital. The added value in creating content but then repurposing your content as much as possible. How his success has been created by building credibility and nurturing those relationships. Hunter’s advice for new entrepreneurs and why you should seek out a mentor or a small firm to help get started as a real estate investor. Speed beats everything, put yourself in a position to move quickly to capitalize on the next opportunity. How Hunter has been able to rely on best-in class operators that specialize in various niches to find new deals. Respect the risks of acquiring debt. Adding value and raising rent is important, but many investors underestimate the risk of adding too much debt. 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/239 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