Accelerated Real Estate Investor

In today’s episode, I peel back the curtain on a 170-unit deal that I just got under contract, with an expected valuation of $14M.  Listen in as I breakdown the deal, including how I secured it off-market, the $1.1M CapEx plan, and how I was able to raise $7.5M in only 90 minutes!  The best part is, we only needed $2.5M to fund this property, so now our next two deals are fully funded as well. Quick Overview Purchase price: $9M 170 Units Price per door: $52,900 $1.1M CapEx budget Unit Turns: $877K - 56% of the units needs a full turn ($7,500/unit) - 20% of the units needed a ½ turn ($3,000/unit) - 24% of the units are make ready ($1,500/unit) Exterior - $25,000 for roofs - $20,000 for driveway sealing & striping - $37,800 to paint (13 common spaces @ $3k/space) - $50,000 for exteriors, yard, fencing, dog park and pavilion - $90,000 buffer $270,000 acquisition fee (3%) $300,000 in soft costs (closing, legal, title, survey, appraisal, pre-paids) All-in for $10.6M Rents are 20% under market value. Plan to improve units and increase from $700 to $880 over a 3 year period $300,000 of tax-free refi proceeds Expecting $900,000 a year of net operating income and 6.1 cap rate Expected Cash flow: $240,000/year Investors get 10% preferred return + 1% equity in perpetuity $14M+ valuation. 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/238 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

One of the biggest challenges that holds people back from getting into real estate investing is a lack of resources. Finding a great deal is one thing, but closing the deal involves having the proper amount of funding available to cover the down payment and closing costs. This is where Tony Javier is making a difference. With 20 years of experience and having flipped 1,000 residential properties, Tony is working to solve the problem that a lot of investors deal with by providing access to gap funding. Tony is the host of the Real Estate Masters podcast, and has built a community of some of the top real estate investors in the country. He’s also found a niche with producing TV commercials as a great way to find new deals and teaches others how they can do it without breaking the bank. In this episode, you’ll learn all about Tony’s program and why he’s willing to take the risk of being in a second position on the properties he invests in. Whether you’re a first-time buyer, or a seasoned real estate investor looking to scale your business, Tony Javier can help you level up! Key Takeaways with Tony Javier How Tony got started in real estate while in college and has flipped over 1,000 properties in 20 years. The key to a successful business is a great team. Learn how Tony structured his! Why Tony decided to pivot into providing gap funding for other real estate investors. How his program works and the costs associated with borrowing the down payment and closing costs. Why Tony believes TV commercials are a great way to find new deals, and why he wishes he would have gotten into the TV space sooner. How it’s okay to make mistakes as long as you learn from them. Even the most successful companies have struggled at one point, so don’t give up. You never know where a conversation might lead. Always be willing to have conversations and build your network. 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/237 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

Gaining credibility with brokers and investors can be a bit of an obstacle when you’re trying to break through as a real estate investor, which is why it’s critical to have a professional website for your business.  Joining me to talk all about it on the podcast, is Todd Heitner. Todd is the CEO of ApartmentInvestorPro.com which provides website development services for multifamily investors. They specialize in helping investors create amazing websites without breaking the bank or spending weeks and months developing a custom solution. I can tell you from personal experience, as someone who has spent tens of thousands of dollars on websites, hiring someone to take care of this aspect of your business is worth every penny. As a special offer to our listeners, Todd has graciously offered his services at a discount. If you’ve been struggling with getting a website launched, or if you’ve been thinking about upgrading the one you have now, go to FreelandVentures.com/Josh for 10% off the services that Todd and his team offer at Apartment Investor Pro. You won’t regret it. Key Takeaways with Todd Heitner The key elements of a customized and well branded website. The importance of creating a detailed “About Us” page. How a great website adds credibility and will help you attract investors and brokers. How Josh’s team can help syndicators with multifamily real estate investors. Strategies for driving traffic to your website by regularly producing content such as newsletters, lead magnets and podcasts. Why Todd recommends using Facebook ads as a great way to generate more traffic. Why new real estate investors should consider having a website developed first to help land that first deal. 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/236 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 thinking about making the plunge into real estate investing, then you’ll definitely want to hear the wisdom from today’s guest, George O’Brien. After 6 short years as a real estate investor, he’s already retired and is living life on his terms.  George got his start in residential real estate and smaller multifamily deals and then quickly pivoted to larger multifamily properties after closing on 40 deals in a two year period. With his background in construction, he was able to do a lot of the work himself early on until he was able to grow his team.  He attributes a lot of his success to investing in smaller deals, which allowed him to forge strong relationships with like-minded investors, and build trust with the banks and his community.  In this conversation, you’ll learn the steps George took to quickly grow his portfolio, how to invest in real estate no matter where it’s located, and why the best path to success is starting early! Key Takeaways with George O’Brien The importance of getting started early as a real estate investor. The sooner the better. What it takes to successfully pivot from residential investing to multifamily properties. Why it’s okay to focus on smaller investments and properties that are under 75 units and how these properties were the foundation for his portfolio. Why George prefers the direct to seller route to find new deals. For a successful partnership, align yourself with like-minded people. The importance of doing your due diligence, especially when you’re making cold calls with people you’re not familiar with. Always be ready to capitalize on deals and make sure that you have the resources ready to go so that you don’t risk ever losing a deal. How to live where you want and invest where it makes sense. Be wary of working with family and who you choose to partner with as it’s much harder to end a relationship then to start one. How you can showcase your talents and attract outside 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/235 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

Daren Blomquist, Vice President of Market Economics at Auction.com, joins me once again on the podcast to discuss and analyze the current real estate market to uncover the biggest opportunities for investors.  In case this is your first time hearing from Darren, every quarter he comes on the show to talk about market trends and insights, so you can make more informed buying decisions.  Today, we’re talking all about what’s going to happen with this hot housing market. Will it finally cool down OR could we see a housing bubble that bursts? Listen in to find out what we think.  And for those of you who normally only listen, definitely check out the YouTube video of this conversation, as Daren walks us through a full presentation and shares a ton of visual aids to demonstrate where things are headed with the market. Key Takeaways with Daren Blomquist What’s causing the perplexing labor shortage and how does it affect the housing market? How government stimulus has sparked inflation and caused the worst housing affordability since 2008. Existing home sales pump the brakes for the first time in 14 months! Indicators that we will see home sales and appreciation begin to slow down—which is needed to avoid another housing crash! Why new home supply will hit the market as demand softens. 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/234 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 my latest podcast interview, I’m speaking with real estate legend, Ron LeGrand!  Ron’s real estate career all started with a broken washing machine that he couldn’t afford to fix. Desperate to make more money so he could build a better life for himself and his wife, he decided to attend his first real estate seminar. Not only did this decision lead to his first deal, but it changed his life forever!   Today, Ron LeGrand is a nationally recognized real estate expert and trainer, with 39+ years experience in both residential and commercial properties. He’s personally bought and sold over 3,000 houses and millions in commercial property deals, and has taught thousands of students how to purchase real estate without using any of their own money or credit. In this conversation, you’ll learn exactly how Ron automates the real estate process and buys with no money down. We also talk about seller financing, why you should never personally guarantee debt, his favorite types of deals, mistakes to avoid, and much more! Key Takeaways with Ron LeGrand How to completely automate the real estate buying process Buying real estate on terms vs one-time deals How to buy real estate with no money down. Don’t miss Ron’s script for making the deal! Why land deals are Ron’s favorite type of real estate to buy Why Ron only buys owner financed deals—and nothing else! How to buy real estate in ANY economy! The turning point in Ron’s life when he quit his job as a car mechanic to pursue real estate Why NOT finding a solid mentor was the biggest mistake Ron made when he first started his real estate journey Why you should never buy real estate using personally guaranteed debt Ron shares his favorite way to find off-market 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/233 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 my latest podcast interview, I’m speaking with Michael Ealy, whose story is proof that anyone can make it in the real estate industry if they’re willing to keep pushing forward.  In the early 2000s, Mike lost everything; his car wash business, his rental properties, even his own home. With no money and bad credit, he was forced to move in with his parents at 30 years old. It was a humbling experience, but more importantly, he didn’t quit, and only four years later he was financially independent.  Today, he’s the owner of a private equity fund that invests in apartments and hotels. He has an equity stake in over 3,000 apartment units, and over 5,000 hotel keys, worth over $1.5B. He’s also the author of the book "From Broke to Millions" which outlines exactly how he acquired over 1,000 apartment units, starting from $0—and how you can do it too! In our conversation, you’ll hear all about how Mike’s persistence to achieve greatness paid off, including his approach to investing in hotels, building a world-class team, finding partnerships, and much more. Key Takeaways with Michael Early Apartments vs Hotels Learn how to attract and retain skilled people who will help you scale—and why “cheap labor” is NEVER cheap! How Michael structures his hotel deals and partnerships. Hear how he bought his first hotel deal for $7M and why it came with K-1 for -$900k (immediately putting money back in his pocket). Doing value-add improvements 30%-60% cheaper than the competition! How Michael first got started in real estate, lost everything, and then became more successful than ever before The keys to Michael’s success—never quit, and find a mentor! The #1 approach Michael uses to find JV partners to build his capital stack Surrounding yourself with those who will elevate you to a whole new level of success The true definition of wealth 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/232 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 my latest podcast interview, I’m speaking with David Pere. David is the founder of “From Military to Millionaire”, where his mission is to teach service members, veterans, and their families how to build wealth through real estate investing—so they can retire early and enjoy the freedoms they fought for! During his first two enlistments, David realized he was wasting away his money on material possessions instead of investing it. So, in 2015, he decided to buy a duplex. He lived in one side, and rented the other side out to cover the mortgage payment. That decision changed his life forever! While stationed in Hawaii, David went on to buy a 10-unit apartment in Missouri and was able to use bank-financing, seller-financing, and a home equity line of credit to purchase the property with less than 5% down—and great terms! In today’s conversation, David and I chat about how he achieved financial freedom in 2021, and transitioned from active duty into the Marine Corps Reserve in order to devote his time to showing other service members and veterans how to achieve the same! For current or former military, or those who are looking to invest and are starting from nothing, you’ll absolutely love this interview with David Pere! Key Takeaways with David Pere Find out why “buy and hold” is David’s preferred real estate strategy! Whole-Tailing vs. Wholesaling. What’s the difference? How to house-hack your way into real estate investing. How David bought a 10-unit building with less than 5% down—and this was only his 2nd real estate deal! Using direct mailers to scale your real estate business—and how David landed 2 apartment buildings and a hotel with this strategy. Tactics for targeting landlords who are fed up with their property and just want to sell. Helping service members become military millionaires! Why “I have no time” isn’t a good excuse not to succeed. The 2 most important factors to look for when looking for a mentor/coach. 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/231 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

Anthony Metzger had never done a real estate deal in his life. He literally had ZERO experience, but after listening to a podcast about apartment syndication he knew he wanted to do something big. So, he found a private equity firm that was actively syndicating deals, reached out to them, and asked how he could add value. Their answer was to find an apartment building that met their investment criteria. He spent the next year and a half educating himself, calling brokers, sourcing deals, underwriting deals, and making offers. 18 months later, he presented a deal to the syndication firm and they closed on it.  This was his first deal ever, and it was a 218-unit apartment complex that they purchased for $11M!  In my conversation with Anthony, you’ll learn exactly how he was able to make it happen, despite not having any credibility, leverage, or experience.  Key Takeaways with Anthony Metzger How Anthony partnered with an active syndicator to close on a 218-unit deal—with no experience! Building a relationship with a syndicator who has never heard of you. The secret to Anthony’s success that anyone can model. The power of the first deal—and why it’s so important to get your reps in! How to add value to a property by reducing expenses. How to avoid looking like an amateur in front of brokers, and increase your credibility so they will take you seriously. Questions you can ask brokers’ to control the conversation. A great tactic for increasing your deal flow.\ How you can get more practice analyzing 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/230 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

As the saying goes, it’s the little things that can make a big difference!  In this episode, I’m going to walk you through 10 very simple techniques and strategies that will help you drive income, increase your profits, reduce your expenses and improve your bottom line, when purchasing a new multifamily property.  There is a general understanding that in order to make money you have to renovate and increase the rents. But if you want to truly maximize your profits, there is more work to be done. A lot of the tips that I’m going to share might sound like no-brainers, but you’d be amazed at how often we see other property owners make incredibly simple mistakes that end up costing them a ton of money. If you could save 25-35% on your water bill and thousands of dollars every year on utilities, why wouldn’t you do that? Spending $300-400 per unit on plumbing upgrades can literally save you tens of thousands each year. Today, you’ll learn the exact system our team has in place to make sure that we’re taking advantage of every opportunity to make money and turn a profit on every unit. Key Takeaways with Josh Cantwell Improve the resident experience and upgrade the units. People will pay more for a better experience. Raise the rents and consider using dynamic pricing by changing the rent prices by month or by season to take advantage of peak moving times of the year. Lower the utility costs by upgrading to LED lights wherever possible. Include a partial amount of the utilities on the tenants bill. These are all benefits and features that you're offering, so bill it back to them. Run a segregation study on the building by having an accounting team come in and segregate the soft and hard costs of the property. Eliminate poor management. So many properties have third party management companies with a terrible expense ratio. Quickly turn the units and fill them. Have a plan to turn vacant units into rented units within a few weeks. Find one cable and internet provider to wire the entire building, lock in the contact and resell cable and internet to the tenants for a profit. Water conservation is huge. We install low-flow systems on everything like toilets, shower heads and faucets. This can often help reduce the water and sewer bill by 25-35% each year. And be sure to look out for slow leaks as they literally flush your profits down the drain. Get multiple quotes from contractors for your CapEx items like paving, landscaping, trash and snow removal. You can save thousands of dollars just by shopping around. We have $20 million in private capital that we are looking to use in the next 3-6 months so please contact us at Freeland Ventures if you’re looking to partner up on a deal. 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/229 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