Accelerated Real Estate Investor

Today, I’m talking to Patrick Grimes. He’s the CEO of Invest on Main Street and a general partner in over 3,000 units with a focus on the Midwest, the Southeast, and Texas. He has over $300 million in assets under management and is continuing to build his portfolio, bringing in more passive investors, and finding new ways to win in a down economy. If you want to find out how he’s doing it, you’re going to love this interview. Among the many things we discussed, Patrick shares eight specific criteria that any multifamily asset you’re considering buying MUST fulfill. I have to say, Patrick’s knowledge level is phenomenal, and I highly recommend that you don’t just write it down, but make sure that any investment property that you buy meets these requirements–I know I am! Lastly, if you’d like to work with Patrick (or get a free copy of his book), all you need to do is set up a call with him at InvestOnMainStreet.com. Have a quick conversation about your goals and what you’re doing, and he’ll ship you a free, signed copy of Persistence, Pivots and Game Changers, Turning Challenges Into Opportunities. Key Takeaways with Patrick Grimes How Patrick is getting deals in markets where people are often overpaying. Where Patrick sees distress in the market–and where he thinks deal flow is going to come from. The eight criteria that you need to check off before you purchase a multifamily property. Why Patrick believes in using vertically integrated property management, even though it costs more. What Patrick learned from the Great Recession–and how he re-entered the world of real estate after losing nearly everything. 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/308 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

With interest rates threatening to continue to climb, I thought it would be the perfect time to invite a good friend of mine, Jon Iannotti, to tap into his wealth of experience to discuss the best ways to position ourselves in today's market. Jon is a real estate investor, best-selling author, international speaker, and mentor who has helped hundreds of people to become successful real estate investors over the past 20+ years. He has a unique perspective and developed cutting-edge strategies that are being taught across the country and around the world. In this conversation, Jon and I discuss why he expects the markets to take a nosedive in early 2023 and how he's preparing for an inevitable downturn. We'll also dig into the problems he expects to see in commercial and multifamily in the coming months and the strategies you can take advantage of to make the most of these opportunities and succeed in the face of highly volatile markets. Key Takeaways with Jon Iannotti What true PITI is–and what that has to do with getting cash flowing in your portfolio. Why seller financing, carrybacks, and assumable mortgages are going to be so attractive in early 2023. Why you’re going to need to market yourself better than ever before to get ahead of your competition and 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/307 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

A tremendous amount of capital is flowing into commercial real estate, multifamily, and syndications. With all the talk of a recession, real estate is looking like a recession-resistant asset for many investors–and that means there are a ton of operators who need help. And when you need to set up an entity or do a syndication, you’ll probably find yourself in need of someone like Nic McGrue. Nic is an attorney who works with operators, and he has extraordinary insight into what’s going on in the market and where we’re headed. In today’s conversation, we get into what’s going on in the markets right now. You’ll find out what tools and strategies are available to help get the most out of your money, what you need to know to set up a successful syndication, and the services an attorney like Nic can provide you with as you build your real estate portfolio. Key Takeaways with Nic LeGrue Why multifamily real estate often fares well in tough economic times. Why investors need better strategies and investment plans than ever before to succeed in increasingly competitive markets. The absolute must-haves as you go into the syndication process. Why there’s no such thing as a boilerplate or standard contract for deals. How to connect with Nic–or find another attorney to advise you as you navigate the syndication process. 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/306 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

I’ve got a special episode for you today. We’re talking about one thing and one thing only: infinite banking with whole life insurance. I’m excited to welcome Chris Miles back to the podcast to learn more about taking advantage of this powerful tax strategy. Chris is the founder of Money Ripples and an Anti-Financial Advisor. He’s the ‘Cash Flow Expert’ and has a ton of experience and knowledge on infinite banking. It’s something that we both use in our portfolios, and I wanted to dedicate an episode on this topic to share with all of you. In our conversation, we’ll define exactly what infinite banking is, why it’s way better than a traditional savings account, and what you need to know to make this strategy part of your investment portfolio. Key Takeaways with Chris Miles What it really means to have a supercharged tax-free savings account using whole life insurance. How insurance companies allow you to get credit against cash while achieving as much as a 33% rate of return on your money. Why the tax-free savings account is not a ticket to financial freedom–and what it can be used for. Why many people are misinformed about how to take advantage of insurance systems–and how insurance agents don’t always have your best interests in mind. The steps you can take right now to add infinite banking to your arsenal. 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/305 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Success isn’t just about numbers–it’s also about mindset. If you’re looking to aggressively raise equity, you need a passion for capital, the right strategy, and a handful of factors that will make your project stand out in an ever-crowded field. And today, I’m thrilled to be talking to Marcin Drozdz. Marcin’s the managing partner of M1 Real Capital, where he’s focused on value-add multifamily properties throughout the Southeast. In this episode, we dig into mindset–specifically, the mindset you need to attract millions of dollars of capital to your next project. You’ll discover how to create a structure that attracts high net worth investors, and what he does to create equity and raise money in his funds. Key Takeaways with Marcin Drozdz How to cultivate a mindset that attracts large amounts of capital to your projects. What it means to live by the Be Do Have philosophy. Six factors that will make you and your project stand out. Marcin's unique strategy to create equity and raise money into his fund. Great giveaways to attract the right talent to your projects. 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/304 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Mobile home parks are becoming a bigger and bigger part of our life in America. With single-family home prices soaring, this market is fast-growing–and presents a major opportunity for real estate investors of all kinds. I just loved this conversation and I’m excited to introduce you to Charlotte Dunford. Charlotte is the Managing Partner of Johns Creek Capital. She owns 27 mobile home parks and manages over $6 million in investor subscriptions through these parks.  She’s also a truly American success story. She immigrated to the United States from China when she was 16, spoke no English, and had nothing but the things in her backpack. She graduated from college, founded an amazing business, and ultimately transformed her life. In this episode, we dig into the home affordability problem in the United States, what makes mobile home parks such a uniquely great investment, and how living in survival mode can set you up for major, long-term success. Key Takeaways with Charlotte Dunford What attracted Charlotte to mobile home parks–and how our affordable housing crisis is making these investments more attractive than ever. What Charlotte looks for in a mobile home park investment and how they differ from multifamily housing. How the demand for affordable housing likely won’t be solved by development of new mobile home parks. Why mobile home park investors are in a uniquely great position right now. The beauty of figuring things out as you go, asking for help, and building 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/303 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

In the 5th installment of my series on the nine traits of elite entrepreneurs and eight-figure real estate investors, we’re talking about technology and how to make it work for you. Almost every entrepreneur who’s gotten funded on a show like Shark Tank and goes on to build a successful business uses technology as a weapon. They use powerful tools to manage and grow their businesses, get access to dynamic insights, and scale sustainably. In today’s episode, I’m sharing a series of tips about why you need to adopt software tools to grow your business, and how to use them effectively. You’ll learn about the tools we use in our operations, how we get our team members to adopt them, and strategies you can use to make technology a cornerstone of your fast-growing business. Key Takeaways with Josh Cantwell Why you need to begin regularly using software for every part of your business operations (and make it mandatory). How to make software a part of your reviews. Why seven, eight, and nine-figure entrepreneurs don’t waste their time looking for important information in emails and text messages. Why your software needs to be easy to adopt and use. The value of using only a small portion of a software tool, but using it religiously. 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/302 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Almost everyone wants financial freedom, but few take steps to make it happen. For many people, even high-income earners, their time is compromised by their need to keep making money–and the things they actively need to do to earn it. Today's guest is Chris Larsen, and he understands this struggle well. He's the author of Next-Level Income and an expert in helping people create and build passive income streams. Chris aspired to achieve financial freedom from a very early age. After many years in the medical device industry and time spent growing his real estate business, he's turned his goals into reality. In this episode, Chris shares tools and techniques you can use to keep your money working for you and earning interest. You'll discover his strategies for generating passive income (including investing in multifamily, self-storage, mobile home parks, and car washes) and how to double down on winning strategies to live the life you've always wanted. One last thing, if you’d like a free copy of Chris’s book or audiobook, simply visit https://www.nextlevelincome.com/book to claim your copy right now! Key Takeaways with Chris Larsen How to create an opportunity fund strategy that keeps earning interest. The benefits of a multi-pronged approach to passive income. How to make more, save more, and pay less in taxes. The impact that losing his father had on Chris and how that shifted his mindset towards achieving financial independence. What makes car washes such a great part of a passive income strategy–and how to diversify your portfolio with recession-proof businesses. 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/301 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

In the 4th installment of my series on the nine traits of elite entrepreneurs and eight-figure real estate investors, we’re talking about how to get leeches, screen-suckers, and toxic negativity out of your way. Elite entrepreneurs are inherently positive, growth-minded, future-focused people. They don’t waste time looking back, spiraling into negative thought patterns, or letting their anxiety control them. They also don’t associate with toxic people or associations. In this episode, you’ll learn how to cut negative, toxic energy out of your life. You’ll discover why negativity is incompatible with the growth mindset, and how to identify this energy and redirect it long before it can affect you. Key Takeaways with Josh Cantwell How social media has become a negative time-waster–and how to use it purposefully. How to determine exactly what does and doesn’t add value to your life career. Why anyone who repeats themselves is looking for attention–not trying to solve a problem. What to do when you encounter a leech–and how to ensure that the time they want to steal from you goes somewhere good instead. 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/300 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Though our real estate market is still very hot, we’re seeing the first signs of a slowdown. Price appreciation is strong, but inventory is rising and sales are starting to drop–which are some telltale signs. If you’re investing in multifamily, and especially if you’ve done your first deals in the last year or two, you might be wondering how changing market conditions will affect you. To help answer that question, I’m thrilled to welcome Daren Blomquist back to the podcast. Daren is the Vice President of Market Economics at Auction.com. He’s a regular guest on CNBC, CNN, and other major news outlets which rely on him to make sense of what’s going on in the housing markets. In this episode, Daren and I discuss the reasons why the era of bidding wars and insane appreciation may be coming to an end, how our strategy for multifamily acquisitions is changing, and where Daren sees potential opportunities down the line. Key Takeaways with Daren Blomquist Why all signs point to a market slowdown–and why this won’t necessarily make homes much more affordable. Reasons why the coastlines experience much more dramatic cycles of boom and bust when it comes to housing prices than the Midwest and other parts of the country. Why you’re not going to lose money if you can wait out the storm. Where there are opportunities to buy right now for patient investors who aren’t looking for instant gratification. The dangers inherent in buying expensive properties and expecting the values to keep going up. 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/299 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com