BTM 51: Fastest Path To Escape the Rat Race Using MultiFamily with Mark Walker
Mark was able to go from being a part-time investor with a full-time job in high tech, to someone who quit the corporate rat race in pursuit of his passion and now thrives as a multifamily investor. Mark Walker is founder of Luxmana Investments, which focuses on residential and multifamily investments.
Mark has been an active real estate investor since 2004, so he brought a wealth of knowledge with him when he founded Luxmana Investments in 2011. He started out as a part-time investor––holding a full-time job in high tech––and his passion for real estate enabled him to escape the rat race of Corporate America.
Prior to Luxmana, Mark succeeded in multiple development projects in the trendy Highlands and Berkley areas of Denver, Colorado. Since then, he’s acquired dozens of residential and multifamily income properties through Luxmana Investments LLC, which he founded in 2011, and Peak Margin Partners LLC, which he co-founded in 2013.
Mark has successfully overseen the operations of his own assets, and that of other investors, in Colorado, Texas, Florida and Illinois. This includes his active involvement with MBP Capital and Catalyst Multifamily Management—a highly successful multifamily investment, management and brokerage firm. During this tenure, Mark has had property management oversight of his Dallas area multifamily portfolio, while assisting with acquisitions and dispositions of assets as well.
Mark also spent over a decade at Seagate Technology where he held senior leadership roles in Marketing, Product Line Management and Sales. In addition to being a licensed real estate broker in Colorado, Mark holds a degree in Marketing from Oral Roberts University in Tulsa, Oklahoma. In his spare time, he enjoys theater, camping, cycling, and spending time with his wife and daughter.
Key Points From This Episode:
- How Mark earned his P.h.D. in real estate during his time of testifying in a grand jury indictment in the largest prison sentencing in Colorado for fraud
- Why every investor must invest in mentorship to be successful
- Importance of asking a lot of questions when learning real estate investing
- What first time investors can do now to escape the rat race
- #1 action step you can do today without spending a dime
- The value in learning how to relate to people and meeting people on their level
- How to choose your investment criteria
- Type of questions you should ask property managers when analyzing deals (What are the rents in this area? What the property might rent for? What areas are you seeing the shortest marketing time? What features in property that you see is the easiest to rent?)
- What is a cash-on-cash return in real estate investing?
- How Mark helps people conquer their fear and inaction with investing
Links Mentioned in Today’s Episode
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BTM 50: Building A MultiFamily Empire with Eric Bowlin
Eric accidentally got into real estate back in college when he and his wife decided to buy a house near the University. They purchased a 3 unit building, living in one unit and renting the rest. One night while watching a movie with his wife, he heard a knock on the door. It was one of their tenants there to pay rent. At that moment he realized that I would become a real estate investor. That was the easiest money he had ever earned in his entire life. At that moment he realized that I would become a real estate investor.
Eric Bowlin started investing in real estate in 2009 with the purchase of his first three family property. He got into real estate full time at the end of 2011 and became financially independent at the end of 2015 when he quit his job forever.
Now, Eric is working on larger multifamily deals and syndications. He owns or is a GP on over 470 doors in Massachusetts and Texas. Also, Eric talks constantly about financial independence and is the founder of IdealREI (a top resource for real estate investors trying to achieve financial freedom) and Stacking Millions (a community where investors can learn and grow together).
Key Points From This Episode:
- How Eric went from full-time student to building a multifamily empire
- The story of him convincing his wife during a deployment to start to invest in real estate
- Importance of taking action and why you shouldn’t let people caution you away from investing
- The Differences between real estate business vs. real estate investing
- How Eric found his niche in real estate investing
- The break down of his process of finding deals, talking to owners and creating offers
- What steps Eric took to escape the rat race
Links Mentioned in Today’s Episode
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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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