EP034 Infinite Returns through Multi Family Investing, Starting your own Management Company and Turning Around a 24 Unit with 42% Occupancy with Josh Sterling

Today we’re going to talk to someone who has achieved huge success investing in commercial multifamily and apartments.  Recently he’s grown his company’s portfolio from 2,500 units owned & operated to over 6,200 units.  He’s raised money from both institutional and individual investors through syndications and closed-end asset funds. John Azar is an Executive Vice President and Managing Member of MACC Venture Partners where he directs acquisitions, strategic development, capital management and growth.  In his past roles, John has been a commercial banker in various financial institutions and understands inside & out debt and equity financing as well as deal structure and how to grow successful companies. Today John is going to explain how he structures his deals, sources his financing, and the types of investors he works with and the returns they expect.  John will also share how his experience as an immigrant to the U.S. has shaped his perspective on success. I know you’re going to score a wealth of information from today’s conversation.  You can contact John through email or website:  john@maccvp.com or https://maccvp.com

5 Okt 202045min

You may remember a podcast conversation I had with UK investor Susannah Cole several months ago where she shared the HMO concept – Homes of Multiple Occupancy.  This is somewhat unique in the United States, but very prevalent in the UK, and it basically is a co-living situation where professionals rent out rooms in a shared house.  I wasn’t really aware of this concept in the U.S. outside student housing, group homes and boarding houses, but apparently my guest today has been quite successful at it. Shortly after Susannah’s episode aired I was contacted by Ron Thomas, an investor out of Albuquerque, New Mexico who has not only developed this model for his real estate business, but claims it works better than any other real estate strategy he’s tried. Ron has been developing and perfecting his sytems for Shared Residence since 2009, and teaches his model to other local real estate investors.  Today he’s going to explain how it works and how he’s averaging $1,000 net per property.  We’ll also discuss the type of home that works best for this strategy, how Ron markets to his residents, and some creative financing strategies that can keep the acquisition cost reasonable. Ron has a lot of great wisdom to share in this episode that every level of investor will benefit from. You can find out more about Ron and his training by going to https://courses.shared-residence.com

28 Sep 202057min

Investing in Performing or Non-Performing Notes can yield incredibly lucrative results for those who know what they're doing.  But if you are a beginner there will be many pitfalls and challenges you'll need to overcome in order to be successful.  Back in February 2020 at the RPOA Annual Conference we held an expert panel roundtable to discuss best practices and the situations note investors should avoid.  You'll enjoy hearing our expert's many stories and examples, as well as their greatest hits & losses. Donna Bauer is a trainer and coach who has done every type of real estate transaction: buying, selling, leasing – everything having to do with real property.  She’s also done every type of note deal whether it be performing, non-performing, seller-financed or anything in-between, and she will tell you that hands-down she prefers paper over property any day of the week.   Gene Chandler has 46 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and large & small pools of distressed assets directly from banks, hedge funds, and private equity groups. Kyle Zimpleman is also a note investor with a mission of helping distressed home-owners stay in their homes.  Kyle is the President & CEO of Expand Capital Group and purchases distressed mortgages throughout the U.S.  He’s also started a fund to help passive investors invest in this space.  Kyle was a guest on episode #151.

21 Sep 202051min

I’ve been an admirer of today’s guest ever since I came across his Cash Flow Diary podcast many years ago.  J Massey has raised capital for, and invested in, single-family homes, notes, cell phone towers, commercial real estate and apartments.  And today he’s going to tell us about the new path his investing business has taken and why he sees a world of opportunity is short-term rentals. J has built his very own 34-unit, 46-bedroom, short-term rental business from scratch and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. J is also going to share how you can build a successful business with your spouse, his special sales tips for new business owners and entrepreneurs, and how he’s dealing with the unique challenges of operating a business during the Covid-19 pandemic. Whether you’re a Short-Term Rental Investor or not, you’ll get a lot of great tips & advice in today’s conversation.  You can contact J Massey through his website & podcast https://cashflowdiary.com

14 Sep 202054min

One of the things I’m trying to accomplish during this Coronavirus Pandemic is systematizing and streamlining my business in order to become a leaner and more efficient real estate investor in this new and uncertain economy. One of the ways I’d like to do that, but I don’t really understand it or know how to execute on it, is through the use of Virtual Assistants. How do I find the right fit and in what ways can they make my business even more successful? That’s why I’m looking forward to our conversation with Amy Ransdell today.  Amy is the CMO for virtual assistant provider REVA Global and lead generation company Deal-Dialers.  She also runs an investment team and brokerage sales team in Marietta Georgia and has been buying, renovating, and wholesaling homes for over 18 years.  Amy’s deepest passion is to empower people to grow their investment skills and entrepreneurial fortitude, and today she’s going to help us do that by sharing how we can best utilize virtual assistants. Amy is going to explain the mindset that VA’s are an investment and not an expense, the DISC personality profiling she puts her VA’s through, and the process investor’s need to follow to determine if hiring a VA is right for them. I know you’re going to enjoy this conversation with Amy. If you’ve never considered hiring a VA you’ll definitely be considering it after listening to this episode. Amy can be contacted through email @ amy@revaglobal.com or https://revaglobal.com

7 Sep 202055min

What does it take to raise OPM “Other People’s Money” in order to acquire larger real estate deals than you’d ordinarily be able to do by yourself?  Should you be thinking about raising OPM in order to take your investing business to the Next Level? According to my guest today, it takes a certain type of person to thrive in syndicating and 40% of the people he’s seen do their first syndication deal never do it again. That’s why he wrote a book about Syndication and its pitfalls called “Syndicating is a BI#@H: And Other Truths You Haven’t Been Told”. And today Bruce Petersen is here to discuss these truths and help you figure out if syndication is a road you want to travel. Bruce built his Apt-Guy empire and wealth by syndicating over 1,100 units in real estate, and today he’s going to share his secrets to success. We’ll be discussing the importance of having a mentor or coach, how he raised money for his first syndication without having a track record, and the many challenges and surprises he encountered while syndicating. Bruce also has some great stories about the dead guy in the pool, failing bathtubs, the uncomfortable conversations he’s had to have with investors, and the $5 Million dollar wire that disappeared and what really happened to it. I know you’re going to get a lot of great syndication knowledge from today’s conversation.  You can contact Bruce by going to www.apt-guy.com or on Instagram at apt.guy.com or facebook at “the apt guy”.

31 Aug 202043min

Up until early March we were in a booming real estate market with high valuations and a bright economic future.  Now, seemingly overnight, we find ourselves in a new kind of recession and it’s hard to see just how it will end and whether real estate will hold its value. One thing I can tell you from my experience going through the last great recession is that there will be incredible opportunities for those who have the capital to go after them.  And that’s what we will be talking about today – How do we find, educate, and prepare investors for the real estate opportunities that will be available in the next 3 to 12 months? My guest today, Dr. Adam Gower, is considered to be one of the country’s foremost real estate crowdfunding experts who founded his company GowerCrowd to assist sponsors and developers raise unlimited equity capital online.  Adam is a published best-selling author and has decades of experience in real estate investment and finance.  Adam is going to share his tips on content creation and how it can be used to educate and inform High Net-Worth Investors while building your own credibility.  He’ll also share how he’s prospered during past downturns, and how you too can begin putting systems in place that will ensure you survive and thrive during this Coronavirus inspired downturn we’re all experiencing. To find out more about Adam go to www.gowercrowd.com and download his free white paper on how to communicate with investors.

24 Aug 202050min

My guests today know what it's like to go through a major economic downturn and reposition their business in order to survive and thrive. Jason Roberts and Rachel Schneider owned their own mortgage company when the Great recession hit back in 2008.  Once the market crashed they pivoted to real estate investing and have since closed over 300 transactions.  Many of them were pre-foreclosures, short sales, wholesales, probates, you name it, they’ve done it. Now that coronavirus has brought our economy into another recession, it will be helpful to get Jason and Rachel’s perspective on how they plan to survive and thrive once again.  Jason and Rachel run a top coaching program where they share their knowledge and experience with other investors, and they also own a profitable hard money lending company with over 2 million dollars in loans out at any given time.  They’re also co-owners of their local REIA and continue to flip houses. Today they’re going to discuss the marketing systems they’ve put in place and how those systems will work in today’s market. We’ll also discuss how Jason and Rachel are preparing themselves for the opportunities they’re expecting, and why they believe their hard-money lending business will continue to be successful. I know you’re going to enjoy this conversation with Jason & Rachel.  You can learn more about them by going to https://www.reiblueprint.com or through the REI Blueprint facebook page.

17 Aug 202055min