Multifamily Legacy Podcast

Latest Episodes:

180: The Good, Bad And Ugly Of Sierra Point (Part 2 of 3) Sep 14, 2021

Show notes

No matter how many deals you've done, there will always be things that could go wrong. Listen to this episode to learn all the complications developed with Sierra Point Apartments and find out how multifamily deals actually come together despite the odds.

Topics on Today's Episode

The process that follows after getting under contract
What is delinquency? How can it affect your deals?
Why you should include a 30-day extension in your contract
Qualities that set great property managers and lawyers apart

Quote

''Brokers have a short memory. All they remember is that you got under contract, you closed and you have to pay. '' - Corey Peterson

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

179: The Good, Bad And Ugly Of Sierra Point (Part 1 of 3) Sep 07, 2021

Show notes

Initially, all deals make sense, but after closing, things can start going sideways. In this first part of the Sierra Point series, Corey Peterson breaks down the numbers and shares the juicy details of his $7.7M off-market deal. Stay tuned for the next episodes as well, 'cause things are about to get ugly.

Topics on Today's Episode

How to find good off-market deals
Is it a good idea to invest in properties in bad conditions?
Type of deals you should look for
Is it a good time to buy properties?
The advantages of rebranding and rehabbing investment properties

Quote

''Your mind can give you everything you've ever wanted. '' - Corey Peterson

Text the word FUEL to 480-500-1127 to set up a quick call with us and find out more about our mastermind group dedicated to apartment investing.

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

178: Investing In Multifamily From Abroad Aug 31, 2021

Show notes

No matter where you're located, there is no excuse for not investing in real estate. In this episode, Rafi Mizrahi shares how he started doing multifamily syndication all the way from Israel, as well as the challenges he faced along the road. Join us today and be inspired to pursue your dreams with relentless passion.

Topics on Today's Episode

The right mindset to get started in real estate
What makes multi-family so attractive?
Tips for getting your own first deal
How to manage your working capital properly?
Creating a wealth of knowledge

Resource/Book mentioned

Rich dad poor dad by Robert T. Kiyosaki

About Rafi Mizrahi

Rafi Mizrahi has been an out-of-state real estate investor since 2010. Rafi developed a skill set to overcome the distance. He has extensive experience in raising money from out-of-state investors, building and managing professional teams all over the country, property valuation, negotiating, and acquisition. Rafi started as a single-family home investor in 2010 and since then, he was involved in more than 300 transactions as the Acquisition partner and as the raising capital partner. In 2017, he shifted the focus to Multi-Family and syndicated 766 units worth more than 50 million dollars.

Connect with Rafi

Website: www.proudcommunities.com

Quotes

''Be like water. Water always finds a way to pass the wall.'' -Rafi Mizrahi
''When there's a will, there is a way.'' -Corey Peterson

Connect with Us!

Text the word BOOK to 408-500-1127 to get my free book which talks everything about real estate.

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

177: The 5 Step Guide To Raising Private Capital Aug 24, 2021

Show notes

Raising money is a big part of putting together a multifamily deal. However, this subject is not talked about enough. Join us today to learn Dave Dubeau's easy-to-follow 5 step guide to raising capital, and find out the Do's and Dont's of marketing.

Topics on Today's Episode

Most common mistakes when raising capital
Why you should have a target group of investors
How to raise money from people you know
Tips for marketing your real estate business
The importance of getting testimonials and referrals

Resources/Links/Books mentioned

Money partner formula by Dave Dubeau

About Dave Dubeau

Dave Dubeau helps real estate entrepreneurs to scale their portfolios by attracting investors/partners and their capital instead of chasing after it. He created the Money Partner Formula process that raises 6-figures (or more) in 6-weeks (or less) by getting the right investors to come to you. Dave is the CEO and founder of Results Enterprises Inc. / The Money Partner Formula which offers a proven strategy to help clients find their ideal investors and quickly raise the capital they need to grow their real estate portfolios fast. He is also a passive investor, best-selling author, and sought-after speaker.

Connect with Dave

Website: www.moneypartnerformula.com

Quotes

''A constant communication is the key to marketing.'' - Dave Dubeau
''The more you teach, the better student you become. '' - Corey Peterson

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

176: Why You Need To Do Your Due Diligence Jul 27, 2021

Show notes

Shawn Johnson's 40 unit deal didn't go as planned. Check out this episode and learn why you need to do your physical and financial due diligence and get some golden nuggets that will save you a lot of headaches and money.

Topics on Today's Episode

How to handle troubling sellers?
What you need to check on your due diligence
Tips to negotiate with a re-trade
Why you should always request a T12
How the due diligence process works
What you can gain from making mistakes

Resources/Links/Books mentioned

About Shawn Johnson

Shawn Johnson is the CEO at Home Vault, a property management company, as well as a single-family and multifamily real estate investor.

Connect with Shawn

Website: www.homevault.com
E-mail: shawn@homevault.com

Quotes

''Be clear on your expectations or they'll walk over you.'' -Shawn Johnson
''Painful experiences are a sign of growth.'' -Corey Peterson

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

175: The Five Principles Of Success Jul 20, 2021

Show notes

If you look at successful people, they all have the same things in common. Listen in with Steven Pesavento to find out the five principles that those people live by and be inspired to reach your goals.

Topics on Today's Episode

Is it necessary to experience single-family before multi-family?
How you should look at the challenges?
Is it a good idea to invest in different assets/businesses at the same time?
The importance of setting a goal and a plan for it
Why do you need to be clear on what you want?
Mentors vs. Coaches: Which one can help you and your business?
The benefits of sharing your knowledge

Books mentioned

Resource/Link mentioned

The Top 5 Lessons Learned From High Performing Real Estate Investors

About Steven Pesavento

Steven is an investor and entrepreneur who's built an investing business from the ground up. He went from zero to buying and & flipping over $22 million in real estate within his first two years in the business

Connect with Steven

Podcast: Steven Pesavento's Investor Mindset
Facebook: Steven Pesavento
Instagram: @steven.pesavento
LinkedIn: Steven Pesavento

Quotes

''Everything is possible, but not everything is really needed'' -Corey Peterson
''Set big goals, set big dreams, and then be patient to let that happen'' -Steven Pesavento

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

174: How To Get Your First Deal Done Jul 13, 2021

Show notes

Real estate is a mind game. Having a ''do whatever it takes'' mindset is crucial to make your deals work. Let's get it on and learn how Tate Siemer got into his first deal and find out how he overcame the struggles of raising capital.

Topics on Today's Episode

The importance of mindset
How can a podcast help your business?
Pros of attending conferences
What does it take to raise capital and get into syndication?
Can you improve people's lives by doing real estate?
Why you should get mentorship and develop personal growth

Books mentioned

About Tate Siemer

Tate Siemer is the visionary behind GreenLight Equity Group. Tate's passion is improving (value-adding) high-density, multi-family developments and existing apartment buildings in such a way that maximizes the value of communities in order to provide solid, consistent returns to investors and well-being to residents. Tate works with sellers, wholesalers, lenders, money, partners, contractors, and many other contacts to coordinate a robust set of industry relationships. He hosts "The Apartment Guys Podcast" and serves on the Executive Board of the Utah Real Estate Investor Association. He enjoys helping fellow investors and entrepreneurs through mentoring and coaching.

Connect with Tate

Website: www.investwithgreenlight.com
Podcast: The Apartment Guys Podcast

Quotes

''Mindset will make you or break you'' - Tate Siemer
''You have to be a good student to be a good teacher'' - Corey Peterson

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

173: How Can A Lock-Up Period Affect Your Deals? Jul 06, 2021

Show notes

In the real estate business, deals go wrong all the time. You have to be prepared to face adversity to come up with a solution. In this episode, Corey shares how a $19M deal went wrong and what mindset helped him handle that situation. Join us today and find out why you need to watch out for lock-up periods.

Topics on Today's Episode

What is a lock-up period?
How to sell a deal with a lock-up period?
The risks of doing big deals
Why you need good legal representation
The importance of mindset

Quote

''Adversity will come for you, but what you do in those moments will determine who you are as a person and how you will persevere'' - Corey Peterson

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

172: Twelve Mistakes People Make When Underwriting Deals Jun 29, 2021

Show notes

Underwriting requires good attention to detail and the ability to interpret data correctly. But once you get good at it, it's super fun to pick out some of the sweetest deals. Check out this episode with Issac Fleming and find out the most common mistakes people make when underwriting and tips on how to avoid them.

Topics on Today's Episode

Color coding your numbers
Setting a strike price
Do you cut expenses to make a deal work?
Increasing rent
Calculating taxes for your properties
Setting exit cap rates
Verifying your numbers

About Isaac Fleming

Isaac Fleming is the Head Underwriter for Kahuna Investments LLC and Kahuna Wealth Builders.

Quote

''If you're gonna do better, say you're gonna do worse on paper'' - Isaac Fleming

Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.

171: Building Strong Broker Relationships Jun 22, 2021

Show notes

If you want your real estate journey to be successful, you need to pay attention to this episode since Corey is sharing details of his latest deals and the must-do of syndication. Learn how and why having strong broker relationships can also make your business easier.

Topics on Today's Episode

Demonstrating your ability to close deals
How to find off-market deals
The importance of being authentic
The power of podcasting
How to fund a $17M deal

Quotes

''Stop saying I wish, I could have, I should have, just go do it" - Corey Peterson.
''If you're authentic you will attract the right people and you will repel the wrong'' -Corey Peterson

Resource/Link mentioned