Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

**NOTE** The audio quality on this episode isn’t ideal but the content is there, so we rolled with it! Lane Kawaoka began his journey in REI the way so many do – by saving money to buy a primary residence. Today he has scaled his holdings to a total of 626 apartment units! His bread and butter are class B & C multifamily housing. In this episode, Lane speaks to the pros and cons of single family home investing. He explains the headache that SF homes can turn out to be and the beauty of syndicating multifamily and the freedom it offers. He talks about committing to analyzing almost 600 deals in just a few years and proves to us with his own success that investing is really a numbers game! He emphasizes prioritizing what you need to do each day to move your business forward and using your time wisely to do that. Thanks Lane for a very insightful show specifically related to multifamily! Top 10 -Cashflow -Trading time for money -Non-recourse loans -Single family turn key -Economies of scale -1031's -Mom and

Jay Papasan (VP and Executive Editor of Keller-Williams) always dreamed of being an author. In 2000, Jay took the leap from a career in publishing in NY to move to Texas with his wife--who gently encouraged him to get out of the house and meet new people. Jay serendipitously landed with the Keller-Williams company. He became fast friends with Gary Keller who was an integral mentor in his real estate career in both sales and investing. Sharing the dream of writing, Gary and Jay collaborated on “The Millionaire Real Estate Investor” and most recently “The One Thing” which topped the Wall Street Journal’s Hardcover Best Seller List. In this episode, Jay Papasan details the defining principles of “The One Thing” and plainly explains how this is a framework that can be applied directly to Real Estate Investing. What is your One Thing? What's the one thing that is your priority? That will get you the biggest result? How do you make it into a daily habit? Jay touches on the importance of spending time with your cale

Eddie Lorin co-founded Strategic Realty Capital as a culmination of his 25 years experience in investment real estate. Since 2008, SRC has purchased close to 10,000 units in over 40 transactions and has built a strong performing portfolio. All of SRC’s apartment assets were purchased opportunistically and successfully re-positioned into thriving communities. Lorin is also cofounder of the 501c3 HAPI Foundation which was developed to promote health and wellness in apartment communities.   In this episode, Eddie Lorin discusses that through his REIT company Impact Housing, millennials can now get into investing in the market at much lower entry capital requirements. He talks in great depth about HUD and gives us his take on how the new tax reform bill may affect the Affordable Housing Act.   Top 10 -Entrepreneurship -$12k per door -Market sophistication -Starting with signage -$100 per door lifts -IRR metrics -Low income housing -Recession resistant -Buying for cashflow -And much more! https://impacthousing.com

Entrepreneur and author MJ DeMarco struggled with multiple ventures before realizing where he could add value to the world – in writing books he wishes he could have read when he was working the dreaded 9-5. His groundbreaking anti-‘get-rich-slow’ books, “The Millionaire Fastlane” and “Unscripted” are filled with vital information that has fed his 40,000 strong entrepreneur forum ‘The Fast Lane Forum’.   In this episode of Wheelbarrow Profits, MJ DeMarco details why he feels following your passion can be destructive career advice. He describes the 5 CENTS Commandments from “Millionaire Fast Lane” that are essential for every entrepreneur when starting a business and why the ‘fast lane’ to exploding income is far superior to the ‘slow lane’ and the ‘sidewalk’. He then tells us the difference between thinking like a consumer vs. thinking like a producer (a.k.a. how to give the market what it wants!), and why it is important to set expectations in everything in life.       Top 10     -Entrepreneurship      -Winn

Known around the world as the CEO Whisperer, Cameron Herold is the founder of COO Alliance. Cameron is a coach, an international speaker and a business book writer who has helped hundreds of companies find exponential growth. With COO Alliance, Cameron is able to educate and empower business owners to take the actionable steps that are necessary to achieve hyper-growth. He has written four books and will release his fifth this January. Cameron’s two most successful books ‘Double Double’ and ‘Meetings Suck’ cut through the nonsense of complicated business-speak, making the steps to uber-success super relatable and simple. He is well known for his Ted X Talk on ‘Raising Kids As Entrepreneurs’. Cameron got his first formal training and gained insight into how to grow and scale a business as well as how to coach business owners with a company called College Pro Painters. At 25 years old, he was one of the top sixty people in the company globally. Cameron then became a partner in a chain of collision repair shops

Mark Kenney is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 20 years ago and has extensive experience in property valuation, acquisition, and operations. He has a passion for helping other succeed in the multifamily arena. Mark is invested in over 1,200 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with. Mark is a 1993 graduate at Michigan State University, Accounting and is a CPA. Mark has also provided IT technical and business consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for large organizations such as KPMG Consulting, EDS, SAP, and HP; he founded Simplifying-IT in 2008 which provides IT services to fortune 500 companies. top 10 -CPA to Tech to W2 to Multifamily -Knowing when NOT to listen to your

Dan Summers serves as the CEO of RealtyeVest, LLC, where he oversees all operations of the internal digital marketing team, its real estate underwriting group and its national advertising agency in Irvine, CA. Summers has held a series of high-level executive positions including CEO of Madison Realty Group, which he founded in 1992 and developed into a national real estate investment firm. He grew the business to 150 full-time employees, while acquiring upwards of $1 Billion in Class A office and retail assets. Two of the high-profile assets acquired were the internationally known Frick Building, the former headquarters of industrialist Henry Frick, and the Westinghouse Building or “The Black Box,” previously owned by the Westinghouse Corp. Summers underwrote the company’s IPO and sold the firm in 1999. During his 30-plus-year career in real estate, Summers has been instrumental in some of the nation's largest real estate transactions. Having spent decades interfacing with Goldman Sachs, Lehman Brothers, Deut

Ross Hamilton is the CEO of ConnectedInvestors.com - The world's largest network of real estate investors. Connected Investors brings the Fintech revolution to Real Estate Investing. Leveraging the largest social networking community dedicated to real estate investors, CI’s online marketplace + community connects buyers and sellers with real estate investment opportunities – providing a vast inventory of off-market properties, bulk property packages and an aggregated Crowdfunding gateway – all of which can be funded through Ci’s centralized real estate investment funding portal. The Connected Investors team is changing the inefficient way investment real estate is transacted.   Connected Investors - Real Estate Investing https://jakeandgino.com/mastery2017/ Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/us/podcast/jake-gino/id1025080737?mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d

In this episode we were fortunate to have former FBI hostage negotiator and The Best Selling author of Never Split the Difference Chris Voss on the show. This is a must listen for everyone, period. The content is this episode is not only relevant to anyone in business today but more importantly its actionable. This was one of our favorite guests and we hope everyone enjoys! In this episode you will discover: -Negotiation -The FBI's techniques -Problems with the "win-win" -How common ground can fail you -How to say no nicely -How to let the other side have your way -How to get the other side talking -Jedi mind tricks all over the place...for serious -How to think 3 moves ahead -And waaaaay more!   http://blackswanltd.com/about/team/chris-voss/ https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/B01COR1GM2/ref=sr_1_1?ie=UTF8&qid=1508778945&sr=8-1&keywords=never+split+the+difference+by+chris+voss https://jakeandgino.com/mastery2017/   Check out the podcast for iTunes: iTunes Store

In this episode we interviewed Stacksource CEO Tim Milazzo and discovered a new niche of apartment lending. Tim and his crew are trying to level the playing field for investors when it comes to securing financing for their multifamily deals. For a long time, multifamily financing has been largely dependent on relationships and getting in with the right groups of lenders. Stacksource is opening up the field and pushing lenders to compete head to head on their platform. In this episode you will discover: -Real estate tech -Fin Tech -Finance Right -Standardized applications -Loan transparency -Loan comparison sheet -Community banks -Agency debt -Cross geography lending -And much more! StackSource Jake & Gino, Multifamily Real Estate Investment Strategy   Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/us/podcast/jake-gino/id1025080737?mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d li

Brian Scudamore is the founder and CEO of O2E Brands, the banner company for 1-800-GOT-JUNK?, WOW 1 DAY PAINTING, You Move Me, and Shack Shine. Brian is a serial entrepreneur, known for pioneering the professional junk hauling industry with 1-800-GOT-JUNK?. Since conquering that market, he’s gone on to apply the O2E (ordinary to exceptional) formula to the painting, moving, and home-detailing industry with WOW 1 DAY PAINTING, You Move Me, and Shack Shine. Currently, he’s at the helm of a burgeoning home-service empire; each brand has franchise locations in every major metro in North America and Australia. He’s a respected industry leader and speaker, well-known in the business community for his belief in people and passion for innovation. His companies have made celebrated appearances on ABC Nightline, Good Morning America, Dr. Phil, CNN, The Today Show, Oprah, and CNBC. Brian’s story has been featured in Fortune Magazine, The New York Times, Huffington Post, The Wall Street Journal, and he contributes regula

Hunter is a full-time real estate investor and founder of Cash Flow Connections. Since starting CFC, Hunter has helped investors allocate capital to over 100 properties which have a combined asset value of more than $350,000,000. His experience includes investments in self-storage facilities, residential mortgage notes, mobile home parks, single-family acquisitions, hard money loans, office buildings, and multi-family real estate syndications. In connection with these investments, he has worked with some of the most experienced and well- respected asset teams across the United States and Canada. Hunter is also the host of the Cash Flow Connections Real Estate Podcast, which focuses on passive investments in commercial real estate. In this episode you will discover: -Mom and Pop self storage -How to reposition -Expense ratio's -Rental increases -Underwriting -Cashflow -U-Haul value adds -Vertically integrated sponsors -Buy Right -And much more! Cash Flow Connections | Investment Strategies https://jakeandgino.

DAVID OSBORN has built one of the top real estate brokerages in the world with more than 4,500 agents and annual sales volume exceeding $8.5 billion per year. As a serial entrepreneur, David founded over 50 companies with at least 25 that are ongoing profitable concerns. He employs exceptional people and distributes millions of dollars to his partners. David is also an educator, who teaches audiences how to live abundant lives through goal-setting, hiring great talent, and developing multiple streams of income. As an adventurer, David constantly strives for new goals that will stretch and expose him to new ways of thinking, including summiting Mt. Kilimanjaro, traveling one way around the world, and visiting over 65 countries. As a family man, David is the proud father of two wonderful daughters, a son and lives in Austin, Texas with his beloved wife, Traci, who is a mom and artist. In this episode you will discover: -Luck -Market lifts -Risk -Getting out of your comfort zone -Positioning yourself to win -Ca$

David Blatt is CEO of CapStack Partners, an investment bank and investment advisor focused on real estate. He leads all the principal investing and capital raising efforts of the firm. Prior to CapStack, he ran a distressed fund acquiring and repositioning real estate. Since 2001, David has been involved in the negotiating and structuring of countless transactions and brings an expert level understanding to successfully capitalizing and closing a deal. David is also the host of "Make the Deal: Real Estate Investing with David Blatt" a show that covers how to be a real estate deal maker and get your deals funded. In this episode you will discover: -How to stop chasing the next hot thing -Getting started with a low burn rate -The golden handcuffs -Buying distressed assets -Courting banks -How to increase your personal visibility -Go for the big ones -Peak values -Why real estate is a long game -And much more!   5.) Show notes - https://jakeandgino.com/mastery2017/ Www.capstackpartners.com Social Media: Linkedi

Andy's amazing story: Ithas been quite a ride for me. I woke up in an ICU hospital bed on the night of March 20th, 2011 and realized I had been struck by a series of large vehicles while crossing a busy street. I had a collapsed lung, seven broken ribs and a severe compound fracture of my jaw, which was broken in five places… As someone who has always made a living based upon my appearance — modelling and acting — and the execution of demanding physical tasks — as an athlete, the outcome of this incident had far-reaching implications. I approached my problem from a nutritional perspective, rebuilt myself and was back on a runway in a mere 7 weeks. How did I do that? By attacking my injuries both from the inside and outside. The most critical tool for healing my exterior was a hand-crafted blend of unique, specialized ingredients from around the world, which I formulated myself. I moved everything out of my bedroom into my living room and went to work on fine-tuning my formula. The Alitura Clay Mask was born.

In this episode we interview Rich Dad Advisor Blair Singer. He is a business expert and highly sought after coach. Blair's skills in coaching a sales are unparalleled and he was a blast to have on the show! Bio: Blair Singer is a world renowned speaker and the bestselling author of Little Voice Mastery, SalesDogs and Team Code of Honor. He has trained hundreds of thousands of people around the world on the business and personal development skills and techniques necessary to excel as a leader, speaker, facilitator, trainer, and sales person. His training has helped multi-national organizations, entrepreneurs, and sales professionals increase their sales 15-85% in just 6 weeks. Through a mixture of mindset, communication, and sales skills training, Blair has become a leader in helping people accelerate their personal and professional success – exceeding their goals and finding the ability to expand and pursue their greatest goals and aspirations. In this episode you will discover: -Entrepreneurship -Cold callin

In this episode, multifamily powerhouse Ken McElroy shares his thoughts on the current market, property management, and his overall investment strategy. Ken's books and approach have been a great resource to us and we recommend them to anyone looking to get started in multifamily. Highlights from this episode: -Property management -Appreciation -Refi and roll -Mindset of an investor -Your RE network -Tax benefits to RE investing -Why good deals fund quickly -Skating to the puck -Market research -Exit cap rates -Ken's journey -And much more! About Ken: Ken McElroy is the epitome of the word entrepreneur. For over two decades, Ken McElroy has experienced massive success in the real estate world–from investment analysis and property management to acquisitions and property development. With over $700 million investment dollars in real estate, Ken offers a unique perspective on how you will get the biggest return on your investments. Whether you’re starting a business or interested in investing in real estate, Ke

In this episode, we interview multifamily beast Brad Sumrok. Brad is an active Multi-Family Property Owner based in Dallas Texas. He has been a Principal in over 3,000 units. In 2012 he received the prestigious Paragon Award as “Independent Rental Owner of the Year” from the National Apartment Association. In 2016 alone, Brad purchased 981 units totaling over $90,000,000. In this episode you will discover: -How Brad broke free from the Golden Handcuffs -Redefined retirement  -Passive income -Economies of scale -Broker relationships -Resident managers -Rehabbing  -The death spiral -Landlord friendly states -And much more!   www.ApartmentInvestorMastery.Com www.BradSumrok.Com     Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/pt/podcast/wheelbarrow-profits-podcast-multifamily-real-estate/id1025080737?l=en&mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d like to share? Leave a not

The Note Guy Scott Carson shares the inside game on buying and selling distressed notes. We both learned a ton during this episode. Scott has made it his main business but this could also be an attractive investment niche for added diversity. In this episode you will discover: -Note investing -Financial Freedom -The pro's and con's -How to think like a banker -1st and 2nd liens -Pay to stay program -Foreclosures -Getting rid of negative people -Wholesaling -And much more! WeCloseNotes.com Inc Mastery 2017 Check out the podcast for iTunes: iTunes Store - Check out the podcast for Android: RSS FEED - Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes. Ratings and reviews are extremely important to our show and help in our rankings. Please leave a review if you find value i

Special Edition Podcasts In this episode we share our multifamily financing evolution. It's been a wild ride and we have made our share of mistakes. The goal of this episode is to shorten your learning curve and help you get the best deal when financing your multifamily investments! In this episode you will discover: -Freddie Mac SBL -HUD financing -Community bank financing -Seller financing -Finance Right - Our definition -Term -Amortization -Rate -I/O -And much more!   www.jakeandgino.com   Check out the podcast for iTunes: iTunes Store - Check out the podcast for Android: RSS FEED - Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below!   If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes.   Ratings and reviews are extremely important to our show and help in our rankings.  Please leave a review if you find value in our s