Multifamily Legacy Podcast

Is it possible to acquire real estate without going to a bank? Chris Prefontaine responds to this concern by detailing the benefits of the owner financing approach based on his considerable experience with principal-only insurance. Listen in and get that financial issue out of the way!     Topics on Today’s Episode  Owner financing strategy: structures & markets  The WHY’s of owner financing strategy The downsides of the banking system Implications of the current market condition for owner financing strategy 3 must-do steps for business novice     Resources/Links mentioned  Vanderbilt: The Rise and Fall of an American Dynasty by Anderson Cooper Paperback | Hardcover  PropStream FreedomSoft Melissa Data Corp Flip This House Shoe Dog: A Memoir by the Creator of Nike by Phil Knight Paperback | Hardcover Wicked Smart Books The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage by Daymond John Paperback | Hardcover Real Estate on Your Terms by Chris Prefontaine Kindle | Hardcover The New Rules of Real Estate Investing by Chris Prefontaine Kindle | Paperback Real Estate Investing for Women by Moneeka Sawyer Kindle | Paperback     About Chris Prefontaine 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. Chris has been in real estate for almost 30 years. His experience ranges from constructing new homes in the ‘90s and owning a Realty Executive Franchise to running his own investments (commercial & residential) and coaching clients throughout North America.  Today, Chris runs his own buying and selling businesses with his family team, which purchases 2-5 properties monthly, so they’re in the trenches every single week. They also help their Associates and students do the exact same thing all across North America, working together on another 10-15 properties every month. Having been through several real estate cycles, Chris understands the challenges of this business and helps students navigate.     Connect with us Website: Smart Real Estate Coach Email: support@smartrealestatecoach.com Podcast: Smart Real Estate Coach Youtube: Smart Real Estate Coach Facebook: Smart Real Estate Coach Instagram: @smartrealestatecoach Contact Number: (855) 667-7336 x 805

If you're getting money from a lender, you'll find today's episode incredibly useful as we talk about the lender draws, potential problems you can meet when making draw requests, and how to avoid them. So pay attention and prevent messy property repair blunders with whichever deal you complete.   Topics on Today’s Episode  Lender draw: 3 rules to follow when performing one Questions to ask before agreeing to a construction loan The importance of keeping a record of your expenses Why you should bring property management in-house   Resource/Link mentioned  Kahuna Boardroom   Quotes  “ It’s usually at the property level where you start having disconnects. ” “Sometimes, a medium-sized lender is worth its weight in gold.” “The more we communicate, the more efficient we are.”   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.

In our inflationary economy, the need for low-cost housing has never been higher, but how do you leverage the affordable housing trend? Prabin Dutta has all answers for you in this insightful episode on REI. Get ahead and be the winner in today’s market with this emerging trend!     Topics on Today’s Episode  Mobile home park myths and why they are incorrect Powerful advantages of investing in mobile home park Investing in mobile home parks: cap rates, upfront costs, and profitability 4 profitable turnaround project strategies Why are mobile home parks easier to manage?     Resources/Links mentioned  CIMLS Mobile Home Park Store 1031 Commercial Properties CoStar Frank Rolfe     About Prabin Dutta Prabin Dutta is a Certified Mobile Home Community Manager with over 15 years of experience in managing, supervising, administrating, and directing the entire operation of commercial, residential, and land properties, including finance management, insurance, leasing, tenant, acquisitions, insurance, sales, renovation, maintenance, and physical condition inspection. He has the keen ability to assess deals quickly, cut through the hype, measure upside vs. downside risk, and make sound decisions. Over the last 12 years, he has owned and operated Single Family, Multifamily, and Mobile Home Parks in five states.     Connect with Prabin Company: Cosmonet LLC Number: (804) 550-6892 Email: psdutta@hotmail.com     Quotes  “We do not manage the homes, we are managing lots.” - Prabin Dutta “I personally feel that this is one of the best real estate portfolios that someone can have.” - Prabin Dutta “We will make sure that we win by turning out property: making profits.” - Prabin Dutta   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.

As an investor, you've most likely disregarded the idea of working with a mortgage broker. Today's episode talks with Aaron Moll about the benefits of having brokers on your team and why transactions go more smoothly with them. Stay tuned to find out more about how to hire great team members and how to put together your dream team for business success.   Topics on Today’s Episode  The impact of inflation on real estate market trends in 2022 Why is student housing a wise investment? Debunking broker myths and why having one is practical The value of trust and teamwork in closing deals What drives lenders to switch from floating to fixed interest rates?   Resources/Links mentioned  Chatham SOFR Curve   About Aaron Moll Aaron is a mortgage banker in the Detroit office specializing in mortgage origination throughout the United States. Aaron has experience in commercial real estate finance for over ten years, and he has closed over $1 billion in transactions during that time. Throughout his career, he has worked with numerous investors, from private family offices to larger institutional firms. Aaron has a thorough understanding of life company loan programs and relationships as a former Berkadia life company correspondent. He has closed deals through all major asset classes in the United States, focusing on student housing. He works for Berkadia's Student Housing Team as a product specialist in the mortgage banking platform.   Connect with Aaron Website: Berkadia Phone number: (231) 360-1840   Quotes  “When an owner gets involved in any transaction, it’s usually not as good, as if someone else was doing it.” - Corey Peterson “Every lender is different, but I honestly feel you're going to have a better result with someone advocating on your behalf.” - Aaron Moll “If you surround yourself with great people, great things happen.” - 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.

For today’s episode, we share the benefits of joining a mastermind group, what to expect, and which groups to join. Learn and understand the perks of collaborating with other like-minded people and what you are most passionate about by tuning in to this episode. Experience the power of masterminds now!     Topics on Today’s Episode What can mastermind groups do for your multifamily investing career? Is it better to do deals or form partnerships? Can mastermind groups help you meet possible business contacts? Why participating in a mastermind group can help you stay on top of your game How a mastermind group fosters a successful entrepreneur community     Resources/Links mentioned Investor Fuel To join the Investor Fuel Cash Flow Group text FUEL to 480-500-1127   Quotes  “Surrounding yourself with people that will level you up is a game-changer.” “You bring people in deals and you do deals together, but that doesn’t mean you use the same people to do a deal every time.”   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.

Do you want to grow your wealth faster? Worry no more, as today's guest, Alex May, will reveal the secret to reaching your financial goals more quickly. Stay up to date on the possibilities to invest as a passive owner in income-producing and appreciating multifamily assets.   Topics on Today’s Episode What should you do when you find a good deal, but lack the necessary tools? Methods to determine your capital base before making a deal Developing a strategy to help investors reach their financial goals faster  Why is it beneficial to grow your business? Practical advice for first-time real estate investors   Resources/Links mentioned Rich Dad Poor Dad | Paperback and Kindle  How to Own Your Mind | Paperback and Hardcover Think and Grow Rich | Paperback, and Hardcover The Men Who Built America    About Alex May Alex May is co-founder of Regency Investment Group and has 15 years of multifamily investment experience. His background is in Aerospace Engineering, where he held critical roles in spacecraft design, operations, and engineering management. He lives and invests in Colorado with his wife, Sarah. Together they are growing their investing business and strive to provide exceptional communication and financial returns to their investors and have a total investment portfolio of over 2000 units across the United States.   Connect with Alex May Website: Regency Investment Group   Quote  “We need to be a team and support each other and be more successful as a team than we can by ourselves.” - Alex May   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.

Investors are concerned about their expected returns in every transaction, but what if there's a method to maintain a regular cash flow without being concerned? Ryan Webster and Warren Dresner discuss ways to earn passive income from high-quality real estate. Stay connected for additional real estate wealth-building strategies and information!     Topics on Today’s Episode   Helpful tips to select the best asset in your target markets How to meet underwriting and asset management goals effectively? What is a perfect real estate deal? Factors that contribute to syndication success Pros and cons of institutional equity investment     Resources/Links mentioned   Slippery Rock University Oakwood Apartments The Creature from Jekyll Island| Paperback and Kindle Big Debt Crises| Paperback and Kindle     About Ryan Webster and Warren Dresner Ryan is an award-winning home builder, experienced real estate professional, and entrepreneur. He has over a decade of experience owning and operating a Midwest-based construction and development company. He also has a wide range of project experience managing new construction, and value-add multifamily projects.  Warren has over 20 years of experience in finance, insurance, and real estate in the USA, UK, and Australia. He is investing in both Single-Family Homes and Multifamily Apartments and is currently invested in over 2,000 units across the South-East and Midwest.  They are the founders of Equity Yield Group, a real estate investment firm sourced, qualified, and managed by an experienced team that specializes in institutional-grade multifamily assets and great markets, focusing on capital preservation while striving to return strong, risk-adjusted returns for investors.     Connect with Ryan and Warren Website: EquityYieldGroup.com Facebook: Equity Yield Group YouTube: Equity Yield Group LinkedIn: Equity Yield Group     Quotes  “At the end of the day, the best person to execute the business plan is the people that wrote the business plan.” - Ryan Webster “Deeper pockets make ships sail.” - 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.    

If you're looking to offer your companies a competitive edge, this episode is an episode you don't want to miss!  As a business owner, leadership is one of the most challenging roles that you have to fill. Today, Corey Peterson elaborates on the importance of having a positive work culture, how to create it, and what it can contribute to your business.     Topics on Today’s Episode How to set the tone in the workplace Why trust matters at work The importance of leading by example How to enhance motivation and the importance of it Winning strategies to maximize the value of your property     Resources/Links mentioned   Text FUEL to 405001127 to get the link to converse with our mastermind group Asset Living     Quotes “Leadership starts from the top, and it goes all the way down.” “Leadership is what can make or break your business.” “You get a lot more out of honey than you do out of piss and vinegar.” 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.

Success is rarely easy; it takes a lot of hard work and tried-and-true tactics. Dive in as Sterling Chapman outlines the strategy for attracting passive and active investors and concepts to cut good deals. Don't miss this episode on identifying the ideal group of partners that brings massive success to your business.      Topics on Today’s Episode Steps to raise capital for your business Why partnership is key to becoming a strong capital raiser Inspiring children to learn about investing in real estate at an early age Best strategies to attract more capital investors How to gain control of your investment through brand and capital building     Resources/Links mentioned Rich Dad Poor Dad⏐Paperback, Audiobook Best Ever Apartment Syndication Book⏐ Paperback, Audiobook The Rent Roll Radio Show Am I being too subtle?⏐ Hardcover, Audiobook     About Sterling Chapman Sterling Chapman is in Baton Rouge, Louisiana. He sits as a Regional Sales Director at a world-leading Telco Company, President of Crestworth Capital, and The Rent Roll Radio Show host. Mr.Chapman holds a B.S. in Finance from Louisiana State University and a Master of Business Administration from LSU Shreveport. His current real estate holdings include nearly $21.5 Million of Assets under Management, $7 Million of that being his personal portfolio of 70+ rental units in South Louisiana that cash flow over $120K a year. While single-handedly building this portfolio over the last 3 years, he has also interviewed over 120 successful real estate investors on his podcast, which has been downloaded nearly 16,000 times.       Connect with Sterling Website: Crest Worth Capital Facebook: Sterling Chapman Instagram: Sterling Chapman REI Podcast: The Rent Roll Radio Show Email: Sterling@crestworthcapital.com     Quotes “ Thousands of people are looking for money, and I find that it’s better to go in there saying: I am the money. ”  - Corey Peterson “ There’s so much money everywhere that having good funnels and follow-up systems is paramount to any capital-raising process. ”- Sterling Chapman “ Be easy to do business with and make people want to keep doing business with you. That's what makes you a great business person. ”  - 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.

Do you have a positive business culture? Corey Peterson speaks on the importance of culture in any business, how to develop it, and how to effectively instill it in your team. This episode is what every aspiring entrepreneur should listen to, so dive in!     Topics on Today’s Episode What business culture is really about Tips to creating a meaningful business name How to define a company’s mission? Guide to choosing the right core values Examples of business beatitudes     Resources/Links mentioned A CEO Only Does Three Things by Trey Taylor | Paperback & Audible Best Ever Apartment Syndication Book by Joe Fairless | Paperback & Audible Rich Dad Poor Dad by Robert Kiyosaki | Paperback & Audible     Quotes " Two things I think we most want and covet are time and money, both of these things together. " - Corey Peterson " I find that the more we reinforce what we’re doing and why it means something, people wanna be a part of something that’s bigger than money. " - Corey Peterson " We do not only need to do good for the people we serve. If we’re not doing it for our staff and the people that work for us, we are doing it wrong. " - Corey Peterson " We are not always perfect. We still make mistakes. Every company does, but we clean them up. We get better. " - 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.