Multifamily Legacy Podcast

There's a lot of important reasons why you should implement a business system. Mapping out effective business systems and processes can create better problem solving strategies and decision making in an organization.  Listen in and discover how Randy Lawrence created the perfect business system and process that provides a strong framework for his company's growth and success.   Topics on Today’s Episode: Strategic and System Oriented: Everything should be systematic approach Four Legged Stool System Private Equity Well Integrated acquisition team Operation focus Disposition Set Your Mindset: Create the process in a mindset of documenting your task for someone to replace you. Why is Process Mapping important? EOS Process: Mapping and charting what your business looks like and then documentation of business systems and processes. The Rule of Clarify and Verify How do you go about finding the right person to add to your team? How hiring the right and quality people help you save money.    Links and Resources Mentioned: Website: www.pcpre.net Book Recommendation: The 80/20 Principle  Podcast: The Real Estate Preacher What is Process Mapping? What is the EOS Process? Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook   Quotes: "Everything we do, we want it to be done in a systematic approach"- -Randy Lawrence "Go gotta get down and get dirty to lay the foundation. The foundation is laid in the mud!" --Randy Lawrence “Pain and pleasure motivate people” - -Randy Lawrence “We don't really give a crap on what you try to do, it's what you did”- -Randy Lawrence “The best people are the best” -Randy Lawrence “It's not the lack of resources, it's the lack of resourcefulness that is preventing you from getting that person. “- -Randy Lawrence “You have to flip your mind around and love the process. Love what it does for you to make you better”- Randy Lawrence   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.  

Most new investors in real estate start with the traditional method-but is this the only way to create real wealth? Investing in mortgage notes is an alternative class with many benefits plus opportunities! In this episode, Jim Maffuccio, dives into what it means to invest in mortgage notes.   Topics on Today’s Episode: What is debt? Toxic Assets: Buying Distressed Debt How Aspen Funds started? Create win-win situation: Keep the homeowners in their home with an adjusted payment structure often time reducing the principal How to transform a non-performing asset to a performing asset Rehabbing the paper instead of the property: Create reperforming loans and sell them at a discount Rules In Raising Money: What 506B and 506C What are serial funds? Stages of a serial fund Raise period Deployment period Harvesting period Benefits of a 506C Cash on Cash Return: Cash Flow on your investments Different ways to unlock more capital using 506C Get off of the roller coaster: Investors need us more than you need them. Due Diligence: Check your operators, track records and history and make sure they know what they are doing The importance of Mentorship   Links and Resources Mentioned: Website: AspenFunds.us What is HELOCs What is a First-lien Mortgage Note and Second-lien Mortgage What is 506B and 506C  Kahuna HQ  Kahuna Investments  Multifamily Legacy Podcast on YouTube  Multifamily Legacy Podcast on Facebook   Quotes: "Not only our banks is too big to fail, even the little ones don't"- Jim Maffuccio "Investment world is cash flow hungry right now" -Jim Maffuccio "We are coming through the next cycle of stuff and I think the market is gonna open up to everybody, even for you. "- Corey Peterson "They're looking for us, they are looking for guys like you and I that are committed to running a business model and doing it well"- Jim Maffuccio "Money raising Capitals momentum: In the beginning it's like you're in the middle of the ocean and you don't even see the beach. You feel like you need to do all the work paddling that thing, but eventually you ride in the wave"- Corey Peterson   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

If you don't know what’s the best cash flow opportunity is right for you, listen in and learn how to help your money work for you.  In this episode, the Anti-Financial advisor, Chris Miles shares how to maximize your wealth by giving you a game plan and a proven strategy that wealthy and successful entrepreneurs use.    Topics on Today’s Episode: Think from an investors perspective: Go with the evidence! Competing with your dollar: Accelerating money with Real Estate What is a tax free super charge saving account? Max ROI Infinite Bank: Make money in two places at the same time What is a Whole Life Insurance Policy? Whole Life vs Term Insurance Wealth Strategy: Get the cash value up quick and take the money, borrow it to put into an investment What happens to your investments when you die? Net gaining your policy: Money growing and its tax free Mutual Fund: High risk, mediocre returns and high expenses Can you overfund your insurance policy?   Links and Resources Mentioned: Website: MoneyRipples.Com Podcast: The Chris Miles Money Show What is a Whole Life Insurance What is a Term Insurance What is Roth IRA and Self Directed IRA  Nelson Nash: The Creator of Infinite Banking  Al Williams: Buy Terms And Invest The Difference Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson Apartment to Millions Summit: April 8-10 2021, Phoenix, AZ   Quotes: "You can minimize the cost of the insurance to where almost all the money goes to cash and that money can be used to be redirected into real estate"- Chris Miles "This is a wealth strategy that wealthy people use"- Corey Peterson "You get the best of both worlds-Same concept how wealthy people use to play the game and transfer wealth as well"- Corey Peterson "Stock market only returns after you pay all your fees and everything else"- Chris Miles "but when you invest with it, that's the whole game changer, that when you start creating exhilaration of money and wealth"- Chris Miles "One key for some investors: In most states its 100% protected from lawsuits and credit."- Chris Miles "They know how to make money as an sales person, but they don't know how to make money as an investor"- Chris Miles "cause that's what the big firms are always doing, they do not care about you they just want your money"- Corey Peterson "Practice the way rich people invest"- Corey Peterson "Wealth is created first IN YOUR MIND" -Corey Peterson     Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

How can you build a good relationship with your mortgage banker? Were your expectations met? Buying properties and looking for a perfect loan is a big deal. One key player in that process is your mortgage banker. They help and guide you through the process to have a smooth buying process.  Listen in and learn the benefits of having a solid relationship with your mortgage banker!   Topics on Today’s Episode: DUS Lender: Direct relationship with Freddie Mac, Fannie Mae and HUD Loan with no middle man. The power of Berkadia Figure out your loan goals COVID Scare: The impact of COVID on student housing projects Importance of having a good mortgage ally: Above and beyond service Do We have to personally guarantee a multifamily mortgage? Multifamily: Best asset class and best debt in the market Multifamily Asset: They perform well if managed correctly Non performing asset: CAP rate vs Cash flow Powerful aspect in real estate: The ability to tell a story   Links and Resources Mentioned: Berkadia Fannie Mae Freddie Mac HUD Loans - GEC CMBS Lender Non recourse bridge Non recourse construction loan Mom and Pop   Quotes: "Lending world is always changing"- Corey Peterson "Multifamily is the gift that keeps on giving"- Aaron Moll "Boom! There's enough money chasing this sector. You can get non recourse on any type of loan that's out there"- Corey Peterson "Multifamily  is some of the best debt in the market"- Aaron Moll     Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

What does financial freedom look like? Are you stressed about your finances and tired of your JOB (“Just Over Broke”)?  Setting yourself on the right path to financial freedom is not easy. You need to figure out where you want to be and look for a perfect system or process that will work and resonate with you. In today’s episode, Marco Santarelli founder of Norada Real Estate Investments, explains how SIMPLE it is to build wealth and create passive income through real estate investing!   Topics on Today’s Episode: From DotCom Crash to Real Estate Investor: Realizing your vision and your lightbulb moment Marco’s light bulb moment: The investors need to having education but not pulling the trigger and going through the whole process What is a Turnkey Model: How to put your money to WORK! Turn Key Real Estate Experience: Educating people for free about real estate investing Goal and Mission: Help one million people create wealth and passive income and put them in the path of financial freedom through real estate Finding and Attracting Investors: Get yourself out there and work on your network Marketing Suicide: If you dont create, build and nurture your email list  Build a Tribe: Create a group of people that love or hate you Social Media: A powerful marketing tool and it's FREE! How to find the right market: "Live where you want and invest where it makes sense" Systems and Process: Structure in place that can assure success Two Key Major Factors In Finding The Right Market: 1. Population Growth and Employment Growth California Market: Supply Shortage + Demand Strong = Property Values High 5 Key People in your Team  Acquisition Professional Full Service Property Managers Lending Partners Ongoing support- Tax advisors Asset protection attorney Mentorship: Learning from other people's experiences The best investment: Investment in Yourself   Links and Resources Mentioned: We have 5 spots left! To join our Mastermind group please email: shelley@kahunainvestments.com Dot Com Crash Norada Real Estate Passive Real Estate Investing Supply and Demand Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson   Quotes: "It's not being rich but being wealthy"- Marco Santarelli  "I love to use real estate to magnify and accelerate my wealth creation and preserve that wealth" - Marco Santarelli "Teach what you know" - Corey Peterson "Create so much pieces of information and where to get it that you're attracting the people that you want to come in and through that they get to know and trust you. Then they'll decide for themselves: Did I resonate with this person or not?” - Corey Peterson "If you don't have haters, you're not doing it hard enough" - Corey Peterson "Referrals drive your business" - Corey Peterson "Ask them at the height" - Marco Santarelli "I like the diversification of job spread across different industries" - Marco Santarelli “Buying it right and managing it correctly goes hand in hand" - Corey Peterson     Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

Are you stuck in your real estate business? Do you know what you're driven to accomplish? Success in the real estate industry is not just having great opportunities and good education. It is also about having the right mindset and correct habits that will create great success for your business. In today's episode, the big Kahuna, Corey Peterson talks about how your mindset can change the game and who can determine your success or failure.   Topics on Today’s Episode: Mindset Matters: What you think, what you believe and the actions that you take along the way, are vitally important. The Importance Of Mentorship: Be closer to the source where you can have some people positively influence you Ask Yourselves: Who's your five friends? What do they possess? Why Mindset Matters: What you tell yourself everyday does matter! Believe that you can do it! Murphy's Law: The ones closest to you are the ones going to be the distractions. Mind: Our mind is a super computer but the problem is we barely use it and were not using it full potential What Is Courage: When you're scared but you go anyways Entrepreneurship: We don't know the exact outcome of all the output but we have to have the courage to do it. Limit The Mistakes: Surround yourself with mentors and the right people The Right People For You: Successful people that are successful in multi-family real estate that are doing it right now! What Matters: Your Mindset Who you are keeping in your Inner Circle What you tell yourself daily Your voice Corey's Morning Motivation: "I'm a multifamily millionaire and investors are lining up to see me because I know how to control wealth and make it grow" Student First And A Teacher Next: The more you teach what you know the better student you become! Setting Up A Plan: Once you get good intel on how it works and what's the best practice, the goal is just to repeat the strategy Fundamentals of Apartments: Finding deals Raising Money Operating to Success  Sell for a profit What Drives Corey: Legacy Wealth   Links and Resources Mentioned: Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Copy Your Way To Success: Standing on the Shoulders of Giants by Corey Peterson   Quotes: "You are different, because you're the taking time to educate yourself"  - Corey Peterson   "That which is easy, usually doesn't pay off, That which is hard, when you do it long enough, will make your life easy" - Corey Peterson   "You can't change other, but you can change yourself" - Corey Peterson   "You are never too good to be learning something new and then you're never too good to be teaching what you've learn"- Corey Peterson   "You get power in telling people time and time again and you start to feel it and it comes to your body and you feel and it becomes a voice" - Corey Peterson   "You can't skip steps, you have to put in the work" - Corey Peterson   "You have to find somebody's system that works and then follow it through the tea" - Corey Peterson   "I was relentless when it comes to execution I can take someone's plan and I will follow it exactly" - Corey Peterson   "Failure is where the growth happen" - Corey Peterson   "Failure is way bigger teacher than success" - Corey Peterson   "Fail forward" - Corey Peterson   "The more you fail the more you learn" - Corey Peterson   "Don't worry about the HOW, you can get the how in lots of people, but you've gotta be hungry, you've got to be relentless. Your drive should be as important as air." - Corey Peterson   "Plant a force and water that daily" - Corey Peterson           Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

Have you always been interested in real estate, but not sure where to start or how to effectively get into the market?   Today’s guest is Chad Wittfeldt from BlueSpruce Holdings. When only 17 years old, Chad started investing in the equities market. A few years later, he moved to currency markets. Chad joined BlueSpruce to apply his online media skills while learning about real estate. It’s his favorite asset class because of the controllability of inputs and outputs, risk aversion, and tax incentives.   Topics on Today’s Episode: Freedom for Fun: Passionate about multifamily, motorcycles, mountain biking Operations and Systems: Copy for success and use automation to buy back time Quality over Quantity: Build relationships with brokers to find best deals Authenticity: Key to automation in general and mass marketing Automation: What not to do—send messages that seem cheesy and salesy Keep it Simple, Stupid: Lead with a compliment (i.e., Corey’s crushing it!) Lead Magnet Funnel: Bring new person into your world and send them steps Qualification Forms: What do you do for fun? Sales copy to investing experience Words of Wisdom: Start now, but don’t quit your day job Visionary Integrator: Show up and follow up from real-world experience   Links and Resources Mentioned: Chad Wittfeldt on LinkedIn Chad Wittfeldt on Facebook Raising Money Secrets Facebook Group The Raising Money Summit BlueSpruce Holdings CCIM Institute S. Securities and Exchange Commission (SEC) Les Brown Three Feet from Gold JasonCapital Grant Cardone Sean Terry Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook   Quotes: “I really started to understand that, especially with trying to find deals, it's really not about quantity. It's about the quality.” - Chad Wittfeldt “I'm all about copying your way to success. If you can find information faster, quicker, and smarter, don't work harder.” - Corey Peterson “Hang out where money hangs out.” - Corey Peterson “There are days where I've cried out of happiness.” - Chad Wittfeldt   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

Even if you haven’t been in the multifamily space for long, it may only take sheer determination to get some deals. Anybody that puts forth effort in real estate can create cash flow.  Today’s guest is Andy Vaughan, Principal of Back Nine Investors. He was in the insurance industry for 27 years and worked with several high-income net worth clients and business owners interested in real estate investing. However, Andy wasn’t wanting to be a landlord. Instead, he focuses on helping people invest passively in apartments.   Topics on Today’s Episode: Golden Handcuffs to Golf Courses: Andy’s real estate journey to residual income Network: Seek out information and ask for introductions from diverse database Affordable Care Act: Required to put commissions in admin portion calculations Book of Business: Income cut by 84 percent and burnt out on insurance policies BiggerPockets: When starting over, listen and learn to generate revenue again Captive Audience: Powerful professionals with money (doctors, dentists, others) Buying vs. Building Business: History, problems, and fixes—get stuff done Syndication: Tool in the toolbox to create cash flow and passive income Mentors, Coaches, and Masterminds: Teach you to find, fund, and operate deals COVID and Capital: Year’s worth of mortgage payments in reserve before closing Right or Wrong Opportunities: Unemployment, vacancy, moratorium on evictions Do Something: Every day, find a way, put a rung on your ladder, keep moving up   Links and Resources Mentioned: Back Nine Investors Andy Vaughan’s Email Andy Vaughan’s Phone: 318.614.0681 Tony Robbins Carleton Sheets Affordable Care Act (ACA) BiggerPockets Cost Segregation Fannie Mae Freddie Mac Tom Wheelwright Auction.com Why the Rich Get Richer by Corey Peterson Kahuna Investments Kahuna HQ Kahuna Boardroom Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook   Quotes: “I want to be able to play golf during the day and make plenty of money.” - Andy Vaughan “Sometimes, you don’t even sell, you just talk about the opportunity. The right people self-select. That’s how I’ve raised money all my life.” - Corey Peterson “People tend to understand that real estate tends to make money most of the time.” - Corey Peterson “Syndication is a tool.” - Andy Vaughan   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

What could go wrong in the game of real estate, and how can you persevere? It’s the way you handle the ups and downs that makes the difference in the multifamily space.  Today’s guest is Andrew Cushman from Vantage Point Acquisitions. Andrew shares his perspective on what’s working and what’s not in the multifamily real estate market.    Topics on Today’s Episode: Enjoy the Ride: Multifamily real estate is like a roller coaster of ups and down Recessions and Real Estate: Leads to opportunity with pockets of distress B- vs. C-Class Assets: Raise capital to trade up and reap risk-adjusted rewards What Matters: Not the number of units, but the money made from them Headaches Happen: Hurricane Michael reduced occupancy from 100% to 16% Get in Line Fast: Find a great insurance broker and the right insurance Cash Value vs. Replacement Policy: What’s the difference for what it’s worth? Co-insurance: Properly and accurately value asset for premium or pay penalty Insurance Deductible: Avoid percentages or you may pay much more for claims Loss of Rent Insurance: Pays the difference to fill the gap and ability to rebuild Keys to Success: Communicating with investors, matching contractor to job size   Links and Resources Mentioned: Andrew Cushman on LinkedIn Vantage Point Acquisitions David Lindahl Robert Hamilton with Insurance Office of America Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook   Quotes: “The grass is always greener over the septic tank.” - Andrew Cushman “Once you can learn to raise more capital, it makes so much more sense to start trading up to nicer assets.” - Corey Peterson “Operations is where you make money.” - Corey Peterson “Make sure it is properly and accurately valued, and not just construed to get you the lowest premium.” - Andrew Cushman   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

For better or worse, the COVID-19 pandemic is everywhere and has impacted everybody. It’s not only changed lives, but businesses. Corey Peterson, the Big Kahuna, describes his own COVID story and what he learned during his stay in the hospital, treatments received, and road to recovery.    Topics on Today’s Episode: Corey’s COVID: Flu-like symptoms, such as fever, aches, sweats, and fatigue COVID Test: Go to a rapid testing place to get results in 24 hours, not 10 days Family Affair: First Corey got COVID, then Shelley, followed by their son Treatment: Stay-at-home quarantine, no prescriptions, only OTC medications Lung Capacity: Lack of oxygen creates shortness of breath; leads to organ failure ER to ICU: Oxygen sensor, heart monitor, antibiotic steroid—must be admitted Beep, Beep: Best way to heal is lay on your stomach and work on breathing Peace of Mind: Confronting immorality all alone; ready and willing to go Faulty Sensor: Take a deep breath and listen to your heart (and how you feel) Shelley’s Treatment Plan: Not sick enough?! Take some Tylenol and good luck Don’t take ‘no’ for an answer; find a doctor that says ‘yes’ to steroids/antibiotics COVID-19 Weightloss Program: Lose weight or die trying   Links and Resources Mentioned: West Texas Doctor Bartlett: Is He on to a ‘Silver Bullet’ with Use of Off-Label Inhaled Steroid as COVID-19 Treatment? Kahuna HQ Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook   Quotes: “Somehow, we got COVID.” - Corey Peterson “Your appetite starts to truly fade.” - Corey Peterson “You’re sick enough to get admitted.” - Corey Peterson “I’ve never worked harder because I don’t want to die.” - Corey Peterson   Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.