Accelerated Real Estate Investor

In my latest podcast interview, I’m speaking with Jonathan Tuttle—a real estate investor and coach who is here to talk all about flipping mobile homes for passive income.  Despite the stigma associated with mobile homes, there’s no question that they’re an incredible investment vehicle. Not only that, but they create a much needed solution to the affordable housing crisis in America.  And hey, I totally get that buying a mobile home park may be a little intimidating, especially to a first time real estate investor, but you don’t have to start there. Simply buying and flipping a single mobile home is an easy way to get your foot in the door, and offers some incredible benefits; low barrier to entry, low competition, little skill required, massive demand, and if that’s not enough, the BEST returns in the business! If you’re looking for a low-risk, high-reward, real estate opportunity that delivers the best bang for your buck with great returns on your time and investment, don’t miss my interview with Jonathan Tuttle! Key Takeaways with Jonathon Tuttle Getting started with mobile home park investing Profitably flipping mobile homes—and the value-add improvements you can make to get 10x returns. The ONLY mobile home investing course you'll EVER need! Who is mobile home investing best suited for? The major benefits of mobile home park investing—and what makes it the highest performing real estate money can buy. The steps involved from buying to profit. Don’t forget to do your due diligence! The easiest way to get financing for a mobile home park. What are the risks of mobile home park investing? Why you want to own the land and not the actual mobile homes. How to use Facebook to attract and screen for high quality tenants. 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/228 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

I just got off the phone with one of my coaching members, and he posed a very good question that I thought would be great for the podcast…  “I’m buying the land for a residential assisted living deal. I’ve secured the land, the loan is set up, and I’ve partnered with a couple of guys. But I’m doing everything myself, and there just doesn’t seem to be enough time. You’ve got 3,000+ units. How do you do it Josh?” Most people don’t realize how much work it actually takes to run a commercial real estate business. Not only will doing it alone limit your growth, but it’s a surefire way to completely burnout.  Yes, I may have 3,000+ rental units, but I also still have a life. I coach my daughter’s volleyball team, I coach my son’s football team, I get to spend time with my wife, I get to vacation, go to the gym, and lot’s more. I can still do all of these things—but that’s because the weight of the business isn’t resting only on my shoulders.   The commercial real estate business is a team sport and I’ve learned how to play the game! If you want to scale up and do more deals, you have to know how to build your dream team and divide up the responsibilities. That’s what you’re going to learn all about on today’s episode! Key Takeaways How to invest in commercial real estate without spending your whole life working. The importance of dividing up roles and responsibilities between you and your operating partners. Where do you find your dream team? The organizational structure of my company and what every team member is responsible for. What percentage of your business should you give up to bring on the right people? 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/227 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 Whitney Sewell, who went from no experience in real estate, to scaling to over 1,000 doors valued at $150 million—in just 4 years!  Before ever investing in real estate, Whitney served in the military and spent a full year in Iraq fighting for our country. After returning home, he got married, joined the police force, invested in a few properties, and even bought a farm to pursue a horse training business on the side.  Unfortunately, his fast-paced lifestyle left little time for his family, so he decided to sell the farm, quit his job, and pursue multifamily real estate full-time.  He bought a few triplexes for his first few deals, and admits to making a ton of mistakes along the way. But the work ethic and “never give up” mindset he learned in the military, would become his real estate super power.  Today, Whitney is host of The Real Estate Syndication Show and Founder of Life Bridge Capital—a syndicated multifamily investment firm that works with investors on strategically targeted multifamily properties.  In our conversation, you’ll learn exactly how he was able to scale so quickly, the benefits of a multifamily fund structure (versus one-off deals), and how to leverage the skills of others to build a highly successful real estate business!   Key Takeaways with Whitney Sewell What is a multi-asset fund and how does it help passive investors mitigate risk and diversify their cash-flow Evaluating different multifamily investing strategies—value-add, cashflow, and development deals. Going from finding investors to fund your deal, to finding deal flow for your investors. The biggest lessons the military taught Whitney during his service in Iraq—and how they apply to real estate investing. Making the decision to quit your job to pursue real estate full-time. How to uncover your superpower and partner with others to build a highly successful multifamily business. Why loyalty is the key to raising money. Why Whitney and his wife are on a mission to help families through the process of adoption and have committed 50% of their profits! 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/226 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

Our net operating income was stagnant, we were running into vacancy issues due to COVID, and if that wasn’t enough, we were being sued!  Here’s the deal. We purchased this 164 unit property for $9.2M in August 2019, with a projected valuation of $14.2M after increasing the rents and completing some minor interior upgrades over a two year period.  The problem was, due to COVID, our net operating income stayed flat, we couldn’t get into the units to renovate them, and some of the medical students didn’t return to class at the university nearby.  And on top of that, the local school board sued us when they found out that the property had been sold so that the real estate taxes would be reassessed. We were looking at a $200k increase in real estate taxes, per year! Thankfully, we were able to get a lot of these issues sorted out and even had a few things work in our favor. It definitely was a bit of a rollercoaster ride, but in today’s episode, you’ll hear how we overcame some of these major challenges. Key Takeaways : 164 Heights Case Study How COVID forced our hand and altered our projections. Our net free cash flow nearly doubled thanks to the drop in interest rates. How we negotiated a deal with the school board with a one-time payment for the real estate taxes increase. Having a good asset manager and business partner paid off in dealing with so many issues during the pandemic like leasing, evictions, and general COVID concerns. Shout out to Jack for everything he did. He was phenomenal. The property manager matters! We were so lucky to have someone that the residents trusted during the past year. That was another huge bonus that we were able to keep someone like her. How our lender and broker were a tremendous help to getting these appraisals completed and navigating through the refinance process. Forging great relationships with private investors and being transparent with them builds trust which is a huge asset to making deals in the future. How purchasing a Class-A property in a Class-A neighborhood helped overcome the challenges that we faced during COVID. Forging great relationships with private investors and being transparent with them builds trust which is a huge asset to making deals in the future. How purchasing a Class-A property in a Class-A neighborhood helped overcome the challenges that we faced during COVID. 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/225 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

How do you build wealth in real estate, without having to use your time building a real estate business? And if your goal is to build your own business, what’s the quickest path to success?  In my latest podcast interview, I’m speaking with Samson Jagoras. After scaling a tech firm’s revenue from $7M to over $100M in 10 years, Samson walked away from his high-income job to go all-in on helping everyday investors put their money to work in large commercial apartment investments. Today, he’s a Strategic Business consultant, the VP of Strategic Investments for RE/MAX Commercial Alliance, and the President of Growth Vue Properties. In our discussion, you’ll hear all about his unconventional path into the world of multifamily real estate. We talk about why big real estate is better and more attainable than single family homes, how to use an Equity Broker to fund your next deal, and why anyone can get into real estate—regardless of your time, energy, or level of experience. Key Takeaways with Samson Jagoras Why affordability is the driving force behind multifamily real estate investing. If you have a good team and a good deal, the money won’t be a problem. How to take advantage of a mismanaged property. What does an Equity Broker do? The power that comes with being able to find and make deals. Samson shares his unconventional path into real estate. How to fast-track your success in real estate and 10X your returns. Why multifamily real estate will ALWAYS be a great investment. 5 ways to get into real estate investing—which way best suits you? The power of building relationships with brokers. Get access to Samson’s Passive Power Playbook—teaching you how to passively invest in real estate. 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/224 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

Today, I’m breaking down a 52 unit deal we recently purchased on the Gold Coast of Cleveland.  We purchased it for $2.7M (total cost is $3M with the wholesale fee) and after it’s renovated it’s projected to have a stabilized value of $5.2M! Here’s where things get exciting: Once the renovations are complete, we’ll refinance at 75% LVR and be able to pull out $500k of tax-free refinance proceeds. And while it’s not a huge building with hundreds of units and millions in profit, we’re still going to have about $100k per year in tax free cash flow.  Funny enough, this property was offered to me 15 years ago, but I let my lack of confidence and limiting beliefs hold me back. You’ll hear me explain why I could have made it happen back then, if only I had the mindset that I have today.  I will also walk you through our steps for acquiring the building, making upgrades, bumping rents, and increasing the value to $5.2M! Key Takeaways Negotiating the deal and making it happen after 2 years of persistence! The steps we’re taking to push gross income up from $425k to $619K. After renovations are complete, refinancing at 75% LVR should generate 500k in tax-free proceeds with enough equity to generate 100k per year in net-free spendable cash flow. Never underestimate the power of a positive mindset. Why I mistakenly turned down this deal 15 years ago. Why networking is critical to your success in sourcing deals. Confidence is a choice. It doesn't really matter what other people think of you, what matters is what you think of yourself. Don’t let fear or a lack of confidence hold you back. 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/223 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 misconceptions about real estate for first-time investors is that you have to come up with the money yourself, and you have to operate within the bank's terms.  If interest rates go up, too bad. If the economy crashes, that’s on you. If a deal goes awry, you’re the one who’s liable.  Today’s guest, Chris Prefontaine, knows that’s not really the truth—that’s just what we’ve been repeatedly told.    Chris Prefontaine is a 3-time best-selling author of Real Estate on Your Terms, The New Rules of Real Estate Investing, and Moneeka Sawyer’s Real Estate Investing for Women. He’s also the Founder and CEO of SmartRealEstateCoach.com and host of the Smart Real Estate Coach Podcast. Having been in the real estate game for nearly 30 years, Chris has lived through his fair share of ups and downs. After the economy crashed in 2008, Chris’s real estate business crashed with it, forcing him to start over from nothing. This time, he vowed never to invest in a deal he was personally on the hook for. Fast forward to today, Chris only buys real estate “on terms” without using any of his own cash or credit—and in today’s episode, you’re going to hear exactly how he does it.  You’ll learn what it means to buy real estate “on terms”, his approach to structuring deals, and the step-by-step system he uses to create 3 paydays for every deal he does. Key Takeaways with Chris Prefontaine How to create 3 paydays for every deal you do. Chris’s step-by-step system for buying, structuring, and selling real estate. What does it mean to buy real estate “on TERMS”? How to structure principal only payments on a seller financed deal. Why Chris doesn’t like the flipping/wholesaling model. How to buy deals without using any of your own money. The difference between a “sandwich lease”, “seller finance”, and “subject to” deal and how to effectively use them to avoid being on the hook personally. Why an active mentor/coach is critically important to your real estate success. 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/222 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 I was taking my daughter to school today for her first day in 6th grade, I couldn’t help but think about the differences between where my family was financially when I was her age compared to where we are now. There are a lot of similarities but there are some pretty stark differences as well. This is what inspired me to jump on the mic and share this story with you today. To tell the story, you have to know that I grew up in a lower-middle class family on a ranch in Ohio. My father went the traditional route, attended Ohio State University, got his masters degree and started climbing the corporate ladder at Sherwin-Williams.  Things were very traditional at home in our Irish Catholic family. My parents never cursed around us, we ate our meals together and talked about how our days went—at least they tried to get us to talk about our days.Things were fine until the 80’s when my father lost his job at Sherwin-Williams. And when I later found out they had declared bankruptcy it made me realize how proud I was of my father—he never told us and we never had to worry about money.  Dad’s bankruptcy forced him into entrepreneurship, shifted his mindset and ultimately allowed him to achieve tremendous personal and financial success. There are so many similarities between our lives, and how we’ve achieved the success and freedom that we always wanted, and yet, it was very different when my father was my age and when I was my daughter’s age. In this episode, I’m going to share some very personal experiences and talk about what I learned from my Dad that helped me succeed in my own entrepreneurial life. Key Takeaways with Josh Cantwell How Josh’s father went the traditional route in the corporate world and experienced greater success when he pivoted to entrepreneurship in his 50’s. How his father took over a business and increased his net worth by millions of dollars in 6 short years. Why bankruptcy eventually led his father to his greatest successes and forever passive income. The wild parallels between Josh and his father, and why Josh got into financial planning after college instead of getting into the corporate world. How Josh was able to leapfrog some of the challenges that his father had gone through by learning from those experiences and realizing what worked, and what didn’t. How Josh and his father essentially became colleagues later in life, going on father and son retreats and talking about business, life and success as equals. It’s okay to start small as an entrepreneur. Start small and then grow big. Sometimes the chaos in life can lead you to breakthrough decisions. Level up with commercial deals as quickly as possible. What Josh learned about forever passive income from his father and how they achieved it from different types of businesses. Pay attention to those who have been there and done it. Whether they are coaches or mastermind members, these are the people that you will learn from the most. 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/221 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

Everyone wants to invest in real estate, but few are willing to put in the work to make it happen.  When it comes to multifamily investing, starting out can certainly be a grind, but if you want to find a good deal, you have to be willing to do what others won’t.  This is something that today’s podcast guest knows all too well. When James Kandasamy first started his multifamily journey, he went to all the brokers, searching for opportunities, but nobody took him seriously.  Instead of giving up, he decided to take things into his own hands. He used a combination of direct mail, cold calling, and his networking skills to find off-market deals and get his foot in the door. To this day, he believes the people who win, are the ones who are willing to do things differently — and that’s exactly how he rose to the top!  James is now the Principal Director of Acquisition and Investor Relations at Achieve Investment Group - a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. He has identified, underwritten and overseen the acquisition process of over $180M of quality multifamily investments and routinely leads passive investors to an average IRR of more than 20%.  Pretty impressive for a guy who was turned down by all those brokers! Let that be encouragement for any aspiring real estate investors.  In our conversation, we hit on a number of topics related to multifamily investing. You’ll learn about the risks of using bridge loans, Debt Service Coverage Ratio, stress testing, market projections, the deal structure James uses that puts investors first, and how to avoid getting stuck in the debt trap! Key Takeaways with James Kandasamy Off-market deals VS. working with brokers. The threat of using a bridge loan to buy a property — especially with rising interest rates. Multifamily real estate didn’t crash during covid, but it is under stress — invest wisely! Is your deal profitable or losing money? Make sure you understand Debt Service Coverage Ratio (DSCR) Multifamily is a great investment vehicle, but if you’re not careful you could get stuck in The Debt Trap! The pinch between rising interest rates and cap rate. The importance of stress testing your deal. The power of being a vertically integrated real estate company. Different ways to distribute returns to investors — and why James prefers the waterfall structure. Real estate projections for 2021/2022. Why multifamily will always be a winning asset class — at least for those who understand how to properly buy and manage a property. Why expanding your network and increasing your circle of influence is the best way to learn. 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/220 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

Ok, you’ve made up your mind and you’re prepared to jump into multifamily real estate. You want to buy something, but where do you start? What steps need to be taken in order to actually make an offer and secure a deal?  In this episode of the podcast, I’ll be walking you through what many investors call “The Process.” You’ll learn the framework I use, from gathering all the necessary info from brokers, to underwriting the deal, to creating a letter of intent, and every step in between for being awarded a deal.  I’ve been through this process dozens of times, and have it dialed in. So, if you’re a new or intermediate investor who has never made an offer on a broker-listed deal, this is a high-level overview, just for you!  Key Takeaways with Josh Cantwell Step 1: Finding brokers and getting access to deals. Step 2: Evaluating the offering memorandum and financials. Step 3: Underwriting the deal. Step 4: Scheduling a tour of the property and the first call for offers. Step 5: Follow-up phone calls with the listing broker to gather more information Step 6: Writing your first LOI Step 7: Waiting for a response from the broker. Step 8: Taking the top 5-6 offers Step 9: Second call for offer date for the top offers Step 10: Submitting your second LOI and narrowing down the top 2 buyers Step 11: Third call for offers and then seller picks a buyer and awards the deal Step 12: LOI is sent to the attorneys and the purchase and sales agreement is completed. 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/219 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