Posts Tagged ‘multifamily’

BTM 73: Money Isn’t Everything with Omar Khan

Omar Khan is a manager at the Dallas, Texas private equity firm Boardwalk Wealth. Omar is a CFA charterholder with 10 years of experience investing across real estate and commodities. He has completed $3.7 billion in capital financing and M&A transactions. Omar has also syndicated large multi-million dollar deals across the US and Advised high net-worth individuals and entrepreneurs on real estate portfolio allocations.

 

On today’s episode, we talk about escaping the rat race, finding the right multifamily deals, underwriting them and sourcing capital – international and domestic. Omar shares his story of graduating during the 2008 market crash and how he 10x his efforts to start his career in finance and real estate. You’ll learn how you can leverage your W-2 income to invest in real estate and why underwriting is the most important piece of the investment process.

 

 

Key Points From This Episode:

  • Why investing time in growing your network will 10x your income
  • Top questions to ask yourself before investing in real estate
  • Importance of visualizing your success and knowing what your strengths are
  • What makes a good underwriter and how to analyze multifamily deals

 

Links Mentioned in Today’s Episode

Omar’s Website: https://www.boardwalkwealth.com/

Omar’s Favorite Books:

Thinking, Fast and Slow by Daniel Kahneman

Great Expectations by Charles Dickens

Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book  

 

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BTM 64: Bigger & Faster Using Commercial Apartment Buildings with Chad Doty

Chad Doty has 12 years of experience as a multifamily investor, but he wasn’t born with real estate in his blood. Originally, Chad was a management consultant for Arthur Andersen. Watching that company meltdown prior to him making partner made him realize that letting outside circumstances control his life wasn’t for him.

 

So Chad then founded his own consulting company, only to realize he was simply trading time for money. Determined to control his own destiny, Chad decided to leverage commercial multifamily real estate to develop recurring, passive income. He formed 37th Parallel Properties, a private real estate acquisitions and asset management rm.

As the CEO of 37th Parallel Properties, Chad specializes in syndicating multifamily investments. His offerings allow investors access and opportunities to generate stable streams of tax-advantaged passive income and equity growth without needing to manage the property themselves.

 

Through this approach, Chad helps investors get access to tax-advantaged apartment investments that can produce income and equity growth that have historically retained their value through economic downturns and nationally cycles. Chad is a proven multifamily veteran with over 12 years of investing experience, another 10 years of management consulting experience, and $325 million dollars in real estate transactions.

 

On today’s episode, we talk with Chad about his story of growing up with his family and how working with his father taught him the importance of work ethic at an early age. Chad’s father gave him the book Think & Grow Rich at the age of 18 and Chad started to listening to inspiring and motivational speakers including Les Brown. Chad knew he wasn’t an entrepreneur but he did have a desire to learn and improve his life for himself and his family.

 

Chad talks about how he had a burning desire for more freedom and control after working in corporate after college. You’ll learn what inspired Chad to get into real estate and the purpose behind choosing multifamily as a the primary asset class for his investing.

 

We also talk about advice for any professionals who are currently investing in their 401K and what might be a good mix for investing to achieve financial freedom for you and your family. Chad shares with us the number # 1 reason his primary focus is multifamily (earning twice the money with half the time).

 

We breakdown the the biggest difference between investing in residential vs. commercial real estate properties and how Chad’s biggest failure set up him up for success. Lastly, we wrap up the episode discussing the benefits of investing in multifamily apartment buildings and how to handle downturns in the real estate investment market.

 

Key Points From This Episode:

  • The story about Chad’s wife telling him she was pregnant with their son switched his mindset to focus on gaining more time, freedom, money, control and be there for his son
  • Chad shares he didn’t grow up in real estate but rather picked it as a business analyst. He found that it had the best features that he wanted to build a wealth and get scale from people and time. After doing further research on real estate investing, he decided that multifamily was best real estate asset class.
  • Amazing advice for any professionals who are currently investing in their 401K and how they should go about investing
  • How you can decide what is a good mix when starting out in investing or should you focus on what investments are given to you as a default
  • Chad shares how his failures as an entrepreneur later set him up for success
  • The differences between residential vs. commercial real estate investing (trends, markets, etc.)
  • The # 2 life-changing things Chad implemented to improved his business (the theory of constraint and shifting your business to scale from how and what vs. why and who
  • Breakdown of types of residential properties (under 4 units) vs. commercial real estate (5 units +)
  • The main benefits of going big (purchasing multi family vs. single family/triplex/duplex)
  • At one point Chad had 100 cash flowing homes there was a market ()
  • The #1 myth in real estate about finding and financing a good deal (tip: money flows to people who know what they’re doing)
  • The lending environment with smaller real estate deals vs. multi family/commercial
  • Daray and Chad share their best advice on how to handle a downturns when investing
  • What classes of real estate Chad looks for and why (class A, B, C, etc.)

 

Links Mentioned in Today’s Episode

Chad’s Website: https://37parallel.com/

Recommended Books/Websites:

Think & Grow Rich

The Goal by Eliyahu Goldratt

Dan Sullivan: Strategic Coach

Chad’s Favorite Books:

The One Thing by Gary Keller

 

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BTM 46: 30-Year Officer On How To Never Have To Worry About Money with David Sweeney

David Sweeney, today’s guest, is currently a lieutenant with the Seattle Police Department. He’s been with SPD for over 30 years! At the early age of 53, he made a life decision to start investing in cash flow real estate.

Today, David is an active real estate investor and a licensed Windermere real estate agent in Washington State. He enjoys helping people achieve their real estate goals. On this episode he provides a wide array of knowledge whether you are an investor, a flipper, or a homeowner, he provides actionable knowledge and inspiration for all walks of life. If you think it’s too late to start investing, you’re wrong!

If you want to learn how you can never have to worry about money again, this episode is for you!

 

P.S We’re Hiring! —–>>>> click here for job openings

P.P.S Live Q&A this Thursday @ 1pm CST! —–>>>> click here to join

 

Links mentioned in the show:

David Sweeney

Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big

2 Free Books Today on Audible

 

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BTM 41: Is Your Primary Home An Asset or Liability with Apartment Investor Joseph Gozlan

Is your home an asset or liability? Find out on today’s show.

We had the pleasure of interviewing multifamily investment specialist, Joseph Gozlan. In our conversation, we learn more about multifamily properties, the pitfalls of single family investing, and how individuals can participate in multifamily investments with their retirement dollars.

Joseph, the founder of EBG Acquisitions. Leading group acquisitions of over $10MM in real estate and providing asset management services to a portfolio of 156 units and growing. Joseph has over 17 years of experience in the software industry, 12 of which working for publicly traded companies such as GameStop and JCPenney which enhanced his business acumen, analytical skills and “big picture” perspective, all skills that he leverages in his real estate business.

We spend a good amount of our conversation explaining how and why you may want to view your primary home in a different light..

You don’t want to miss this one!

 

Links mentioned in the show:

EBG Acquisitions

The One Thing

Profit First
2 Free Books Today on Audible
One on One Coaching with Daray

 

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BTM 13: Limiting Beliefs – Discovering your Why with Gino Barbaro

Gino Barbaro is a licensed realtor, investor, business owner and entrepreneur.  He has been investing in real estate for 15 years and has grown his portfolio to 675 units valued at over $32 million in 3 years. He has teamed up with Jake Stenziano to create JakeandGino.com, a real estate educational company that offers coaching and training in real estate investing. He is the bestselling author of Wheelbarrow Profits, as well as the author of the best-selling cookbook, Family, Food and the Friars. Gino is a graduate of the Institute for Professional Excellence in Coaching (IPEC) and is a Certified Professional Coach.

In this episode we get into a lot of Gino’s story, the restaurant business he was in for 25 years and how he turned his sights onto real estate and multifamily investing. We also get into belief systems, discovering your why, and setting out your goals. Next, we unpack the importance of understanding how you can best achieve your goals based on your why, depending on whether or not your why is moving away from pain or towards pleasure.

 

Key Points From This Episode:

  • Gino tells us how he got into the restaurant business 25 years ago.
  • Hear more about the 4 energy blocks.
  • What lead Gino to challenge himself to become successful.
  • The reasons why Gino decided to leave the restaurant business.
  • Listen as Gino explains how he turned toward real estate.
  • Understand the differences between single family and multifamily properties.
  • How asking thought provoking questions extracts the “why” out of Gino’s students.
  • The importance of having a strong reason why, no matter what you do in life.
  • How Jake and Gino have made their partnership work.
  • The characteristic that made Gino want to partner with Jake.
  • Find out how you can get into multifamily real estate.
  • Listen as Gino explains his short and long term goals to grow his business.
  • Understand what Gino means when he talks about repurposing $4 million dollars.
  • Discover the importance of buying right.
  • Gino tells us how the infinite banking concept is a great strategy to lock in.
  • Find out which two books are Gino’s favorite Before the Millions books.
  • The sacrifices Gina had to make to get to where he is today.
  • Why listening to motivational speakers inspired Gino in business.
  • The advice Gino has for millennials wanting to get into business.
  • How limiting beliefs stop people from reaching their true potential and success.

 

Tweetables:

 

 

Links Mentioned in Today’s Episode: 

Gino Barbaro

Jake and Gino Podcast

— Multifamily Mastery Program by Wheelbarrow Profits

Gino’s Book, Wheelbarrow Profits

Gino’s book, Family, Food and the Friars

IPEC

— M.C. Laubscher from BTM Podcast episode 12

Think and Grow Rich by Napoleon Hill

Secrets of The Millionaire Mind by T. Harv Eker

The E-Myth by Michael E. Gerber

 

Access The Best Strategies, Tips & Advice!

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

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