In today’s episode, we look at the current dynamics of the multi-family space with the National Council Chair of Multi-family Properties for SVN and Senior Vice President for SVN - Chicago Commercial Reid Bennett. Reid is a licensed managing broker specializing mainly in selling apartment complexes throughout the Midwest. He also had experience in the condominium conversion industry and brokering deals with buyers and sellers in the large apartment complex market.

Having a deep understanding of the nuances and analysis of multiple-unit apartment dwellings, he sits with us today as we delve into the multi-family property sector. He shares his insights on today’s multi-family market and how buyers and sellers could best deal with it.

Furthermore, he shares how he gets abreast of the latest data concerning the market. So, if you are interested in the multi-family space, tune in and keep yourself in the know.

Key takeaways:

• Reid’s career journey in real estate
• The current landscape of the multi-family market
• Adapting to the increase in fed rates
• The most vulnerable sellers in today’s market
• Buyer strategies for scoring attractive deals
• Prime markets for potential buyers
• Getting up to date with the latest market trends
• The importance of partnering up with people

Resources:

• Yardi Matrix - www.yardimatrix.com/Publications
• Real Capital Analytics - www.msci.com/our-solutions/real-assets/real-capital-analytics

Contact Reid Bennet:

• E-mail: reid.bennett@svn.com
• Phone: +1 (773) 251 7342
• LinkedIn: Reid Bennett, CCIM
• Twitter: @ReidBennettCCIM

Transitioning from the corporate world to the real estate industry represents a bold pursuit of financial independence. In this episode, we explore the inspiring journey of Clive Davis, who traded his corporate career for the dynamic world of real estate in search of new opportunities. Clive's transition signifies a profound mindset and strategy shift, offering exciting prospects for financial self-determination. 

With a background as a corporate transaction lawyer, he later founded Park Royal Capital, a private equity commercial real estate investing firm focused on acquiring and operating multifamily communities. Now he is a full-time investor with a portfolio of over 2500 units! Join us as we uncover how this shift empowers Clive to shape his financial destiny on his own terms.

Key Takeaways:

• From lawyer to real estate investor.
• How Clive educated himself in real estate investing.
• While working in corporate America, how was Clive able to align his visions with real estate?
• Major hurdles that Clive encountered when leaving his corporate life.
• To remain resilient, disciplined, and holding onto your purpose, it requires positive self-talk.
• In order to achieve more, you have to embrace partnerships.
• Acquiring education outside the traditional sense can spark significant changes.
• Your success is not necessarily linked to a company where you are an employee.

Resources:

• Clive Davis on LinkedIn
• Clive Davis on Facebook
• Park Royal Capital’s Website

Did you know you can invest in real estate deals and other alternate investments using your Individual Retirement Account (IRA) with tax-free investment growth? Join us as we discover a way that could help you access funds for your real estate syndication deals. In today’s episode, Joey Eplite joins us as we unravel the gem called self-directed IRA. Joey is a finance student at the University of Central Florida and self-directed IRA at NuView Trust Company.

He has helped hundreds get started with their Self-Directed IRA for real estate investing, lending, and investing in private LLCs. In today’s episode, he talks about everything you need to know about self-directed IRAs. He shares the advantages and processes involved, as well as the rules governing self-directed IRAs.

Key Takeaways:

• What is a self-directed IRA?
• Benefits of a self-directed IRA for syndicators
• How do you convert a traditional IRA to a self-directed one?
• Self-directed IRAs: Where to reach out and how to make it into a deal
• Rules and structures of self-directed IRAs
• Resources and FAQs regarding self-directed IRAs
• The importance of optimism and meditation in success

Resources: 

• IRS Code 4975 - www.irs.gov/pub/irs-drop/rr-06-38.pdf
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
• The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz
• Contact Joey Eplite
  • E-mail: jeplite@nuviewira.com
  • Phone: 407-519-9175

Are you one of those hesitating to get into real estate because you feel you lack the skills for it? Well, we got this episode for you. Today, we are with real estate entrepreneur and former advertising manager John Casmon to help you reflect on how to leverage your skillset and utilize them as you start in real estate. John is a multifamily real estate entrepreneur with vast expertise in building profitable relationships with others. He is the leader of Casmon Capital Group and a co-creator of the Midwest Real Estate Networking Summit. Moreover, he is the host of the Target Market Insights podcast.

In today's episode, John shares his beginnings in real estate and how he utilizes his marketing skills to get deals. He also drops a lot of marketing strategies on getting investors and growing your network. So, join us as we reflect and get inspired by this knowledge-filled episode.

Key Takeaways:

• How John started learning how money flows and investing in real estate
• Know what you're good at and leverage those skills.
• Start by letting people know about your interests and goals in real estate. Educate people about the benefits of investing.
• Ask for feedback and refine your message.
• Pull your message: Find people who are interested and attract them.
• Value-added deals and how to find them
• In today's competitive market, credibility is essential.
• Protecting yourself in possible economic downturns

Resources:

• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
• Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
• Contact John Casmon:
  • E-mail: john@casmoncapital.com
  • LinkedIn: John Casmon

Successfully building your own investing network in real estate demands a strategic blend of expertise and interpersonal skills. And today’s guest has a lot of background when it comes to that.

Introducing Dan Handford, a seasoned entrepreneur with a track record of launching seven-figure businesses, including a network of non-surgical orthopedic clinics and a real estate portfolio of 1,600 units. As the founder of Multifamily Investor Nation, he has educated over 40,000 members on multifamily investments. In this episode, Dan shares insights on how he effectively built and leveraged his investor network, highlighting the process and the value gained from his expansive network of investors.

Key Takeaways:

• Dan's journey in real estate investing.
• Multifamily syndication and the tax benefits for its investments.
• Multifamily offers downsizing protection through capital preservation.
• How Dan started forming an investor group called Multifamily Investor Nation.
• Breakdown of Dan's inaugural deal and his ongoing scaling efforts.
• What do his deals look like when collaborating with another sponsor?

Resources:

• Book Recommendation: The 10X Rule by Grant Cardone
• Podcast: Tough Decisions for Entrepreneurs
• Connect with Dan Hanford: 
  •  Websites: Multifamily Investor Nation                    PassiveInvesting.com

Insurance is an essential part of the process of operating in the real estate business. Today let's take a closer look at multi-family insurance with JT Lynch. JT is a commercial real estate broker with Ramey & King Insurance, an independent agency specializing in multi-family property coverage. He specializes in designing custom policies for commercial clients and believes in developing strong bonds within his network and clients.

In today's episode, JT discusses the basics of multi-family insurance and what you should look out for in insurance policies when investing in real estate. Join us in this insightful episode and learn about the basic insurance coverages and how to utilize these policies to add value to your investments.

Key Takeaways:

• How JT started learning the valuable lesson of investing
• An Overview of Multi-family Insurance
• What to look out for when insuring your properties
• Property improvements and how they can benefit you in the long run
• The Must-haves Insurance Coverage
• The importance of doing your due diligence on your current policy
• What to look out for in new deals
• Align your policies with what you aim for in the market.
• Trust your gut and be honest in your transactions.

Resources:

• Contact JT Lynch
  • E-mail: jtlynch@rameyking.com
  • LinkedIn: J.T. Lynch, CLCS, CRIS 

In this episode, we are with residential real estate broker and process systemization trainer Ghislain Larochele. Ghislain is the founder of Immofacile.ca, a real estate coaching and investment trading company guiding real estate investors through coaching and organizing events, aiming to guide investors on the best strategies in real estate. Ghislain pursued a career in engineering but decided to leave a high-paying job and become a process systematization trainer and consultant to managers and eventually founded Immofacile.ca.

Today he shares the knowledge he has gained with his 20 years of experience in real estate. He talks about cottage rentals which he has been working on. Moreover, he shares strategies for engaging investors and managing a real estate business.

Key Takeaways:

• Real Estate: A new perspective on neighborhoods and life
• An overview of multi-unit buildings and cottage rental niche
• Ghislain's financial strategy for flipping houses
• Strategies for finding and working with investors
• Build a list of investor prospects and follow up with them.
• The importance of honesty in the real estate business
• Utilize tools to manage your business better.
• The secret to attracting investors and dealing with rejection

Resources:

• monday.com 
• Asana Project Management Software
• Trello
• Contact Ghislain Larochele

Website: immofacile.ca

E-mail: info@immofacile.ca

Transitioning from a W2 job to a real estate business might seem frightening. It takes a lot to push yourself out of your comfort zone. In this episode, let’s take inspiration and advice from Vlad Arakcheyev, a former graphic designer now a full-time multi-family real estate investor. He is the CEO of Zontik Ventures, a property investment and asset management company focusing on helping people achieve their dreams of financial independence through real estate. He manages Zontik Ventures' assets and operations based on his experience in acquisition negotiations and multiple financing strategies.

Vlad has an extensive experience in sales and marketing for residential and commercial real estate. He has developed a vast network of investors, real estate agents, and other relevant parties throughout his years of experience. He sits down with us today and drops several tips and tricks, especially for those wanting to enter the real estate business and achieve financial independence.

Key Takeaways:

• Gain control of your own path and time through passive income.
• Everything is about your mindset. Get out of your comfort zone..
• Grow by educating yourself and joining communities. Work actively and reach out to people.
• You don’t have to wear all the hats. Work with people and focus on what you’re great at.
• Vett on your partners. Don’t jump to a partnership right away.
• Learning from Vlad’s first deal and how he transitioned to multi-family investments.
• How to survive the challenges of raising capital
• Where to start investing

Resources:

Contact Vlad Arakcheyev

• • Website:www.zontikventues.com
  • LinkedIn: Vlad Arakcheyev
  • Facebook: Vlad Arakcheyev
  • Instagram: @vlad_arakcheyev