Passive Income Through Multifamily Real Estate

Latest Episodes:

Episode #217: How to Transition from a Full-time Job to Real Estate Investing with Derek Clifford Nov 22, 2021

Show notes

Welcome back to the Passive Income Through Multifamily Real Estate podcast! Today, we talk to successful single and multifamily real estate investor, author, podcast co-host, and retiree, Derek Clifford. We hear how Derek transitioned from full-time corporate job to retiree and real estate investor, and what you can do to prepare for your own transition. Find out more about Derek’s book, Part-Time Real Estate Investing for Full-Time Professionals, and his motivation behind sharing this information. We dive into why we should redefine the word ‘retirement’, and are reminded of the benefits afforded by the real estate investor lifestyle. Join us to hear what Derek’s favorite market is right now and why out-of-state investing makes in-state investing a piece of cake. We also discuss the importance of getting your partner on board and how you can use the power of “we” to convince them. Tune in to find out more about how to align yourself to best manifest your potential, and why surrounding yourself with people you admire is so important!

Key Points From This Episode:

Meet Derek Clifford, retiree, real estate investor, author, and podcast co-host.
How Derek moved out of his full-time corporate job into real estate.
Derek’s advice on how you can start your real estate investment journey: consistency is key.
Tips on preparing yourself to move from your full-time job into real estate investing.
Changing the definition of retirement and opening up choices for yourself.
How to get your partner on board with your real estate investment journey.
The role that Derek’s wife has played in their real estate investing team, and what a good partnership requires.
The importance of surrounding yourself with inspirational people.
Derek on why being an out-of-state investor is more beneficial than being an in-state investor.
What you need to become an out-of-state investor.
Derek's favorite market right now and why, as well as how Derek finds his deals.
What tools Derek can’t live without, his biggest mistake in real estate investing, what he needs to grow his life to the next level.

Links Mentioned in Today’s Episode:

Derek Clifford on LinkedIn

Elevate Equity

Elevate Your Equity Podcast

Part-Time Real Estate Investing for Full-Time Professionals

Passive Income Through Multifamily Real Estate Facebook Group
Garzella Group

Episode #216: Becoming Limitless with Vikram Raya Nov 15, 2021

Show notes

“You do not rise to your successes, you fall to your standards.” These are the powerful words of today’s guest, Vikram Raya, who believes that a potent and optimistic mindset is the number 1 key you need on your journey to financial freedom. Active in Multifamily Real Estate since 2015, Vikram Raya is an international speaker, high-performance coach and is the recipient of the prestigious outstanding 50 Asian Americans in Business Award on Wall Street. In addition, he is also a trained cardiologist, a functional medicine physician, and CEO Founder of Viking Capital Investments, and today we are privileged to have him on the show as he shares the multiple ways you can get real estate into your life. Vikram shares with us how he balances being a hugely successful multifamily investor as well as a practicing physician and full-time family man, and how he uses his time and energy to its maximum efficiency in getting him where he wants to go. Plus, we get to hear his 10-S formula to becoming limitless, using relatable and all-too-familiar examples. If you're looking to be informed and inspired, no matter where you are in your journey, press play to join this conversation now!

Key Points From This Episode:

Vikram shares his career arc in real estate, and why he moved from single-family homes to multifamily.
How he balances his life between being a multifamily investor and a practicing physician.
Vikram talks about teamwork, making mindset shifts, and raising capital as a superpower.
Defining your non-negotiables, and then always moving towards your aspirations.
Creating pockets of time and using every moment you have to get things done.
Quitting traditional cardiology to start a new way of doing it.
How anyone can raise capital, no matter what job you do.
Vikram runs us through his 10-S formula to becoming limitless!
How to become more aware so you can implement the 10 S's.
Vikram shares his own personal strategies for savoring and surrendering.
We hear 2 recommendations where you can learn to embody the magic of hustle and flow.
Learning a tool from his high-performance program: the forward gap and the reverse gap.
What the one tool is that Vikram cannot do without.
He shares his biggest mistake so far in real estate investing.
What he needs to do now to grow to the next level!

Links Mentioned in Today’s Episode:

Vikram Raya on LinkedIn

Vikram Raya's website: Limitless MD

Viking Capital

Vitology Institute

Pillars of Wealth Creation Podcast

Miracle Equation

Steven Kotler

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group
Garzella Group

Episode #215: Bitten By The Multi-Family Bug with Rebecca Moore Nov 08, 2021

Show notes

Some people simply have impeccable timing when it comes to real estate investment. Today’s guest is one of them. Rebecca Moore Buller is a multi-family real estate syndicator based in Dallas, Texas, who started investing in multi-family properties when the market was scorching. She and her husband, Warren, accumulated several single-family homes while stationed in the different locations the US Navy sent them. In 2012, they founded their company, Starboard Equity, with the purpose of investing in real estate to become financially independent. Rebecca has over 10 years of investing experience, has led in the acquisition of four multi-family properties and currently owns over 2,000 multi-family units. In today’s episode, she talks about how she got into real estate after getting her doctorate in clinical psychology. She discusses her transition from being solely a limited partner to becoming a general partner too, outlining some of the differences in terms of responsibility. Tune in for some valuable insight, and to find out how nearly any prior career or education could prepare you for a career in real estate.

Key Points From This Episode:

Rebecca’s professional background.
What led her to multi-family real estate syndication.
Why she started as a passive limited partner.
How many investments she invested in as a limited partner before becoming a general partner.
Rebecca describes her property management system.
She talks about whether she’s needed to add staff to her team, and how she’s scaling up.
Rebecca’s transition from limited partner to general partner.
The additional responsibilities of a general partner.
Which markets Rebecca’s invested in and what led her to invest in them.
Which markets Rebecca’s invested in as a general partner.
How her doctorate in clinical psychology has helped her when it comes to real estate.
What real estate investing provides her with, that a career in psychology could not.
Rebecca’s most valuable tool in real estate investing: property analyzer.
Her biggest mistake in real estate investing so far; her regret of not sharing information.
How she intends to grow her network and find a healthy work-life balance.

Links Mentioned in Today’s Episode:

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

Rebecca Moore Buller on LinkedIn

Starboard Equity
Garzella Group

Episode #214: Implementing Processes to Scale Your Business with Andresa Guidelli Nov 01, 2021

Show notes

It’s no secret that the world of real estate investment is a largely male-dominated industry. Today’s guest Andresa Guidelli is actively working to change that. She is a Skill Developer and Asset Manager with extensive experience in full gut renovation projects, new construction, and commercial development. Andresa is also the co-founder and CEO of the Real Estate InvestHER Community, co-host of The Real Estate InvestHER Show and recently published InvestHER’s first book. She is known as the go-to person in her field when it comes to implementing processes that allow for skill ability and, in our conversation with her, she shares some valuable insights into how to save time, ensure a smooth workflow, and choose a suitable business partner. She lets us in on what lights her fire, and the exciting projects she’s working on in support of women in transition. To find out how best to scale your business, tune in today!

Key Points From This Episode:

An introduction to Andresa Guidelli and her career in real estate.
The overarching purpose of the Real Estate InvestHER Community.
How to strategically grow your business.
Andresa’s move from typical real estate projects towards a women-led social project.
The Trailblazer Project’s goals in supporting women in transition.
Finding soul fulfillment and recognizing when it’s time to move on.
The importance of putting processes in place, and useful Software.
Advice for setting up standard operating procedures.
What makes a good business partnership and how to choose the right partner.
How Andresa’s prior job as a door-to-door salesperson shaped her experience as a real estate investor.
The one tool Andresa can’t live without.
A mistake she made in the hiring process for a renovation project.
Andresa’s current actions towards expanding her life and business.

Links Mentioned in Today’s Episode:

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

Real Estate InvestHER Community

The Real Estate InvestHER on Instagram

Real Estate InvestHER Community Private Facebook Group

The Real Estate InvestHER Show

The Real Estate InvestHER Book: The Only Woman in the Room

The Trailblazer Project

Dropbox

Airtable

Partnership Questionnaire PDF

Andresa Guidelli on LinkedIn

Andresa Guidelli on Twitter

ClickUp

Garzella Group

Episode #213: Financial Freedom From Multifamily Real Estate with Kathy Jang Oct 25, 2021

Show notes

CEO and founder of Diamon Point Homes, Kathy Jang talks to us today about how she went from a W2 job in marketing, to having a real estate portfolio of over 1, 200 multifamily units. From humble beginnings renting a single townhome, Kathy is a perfect example of how passive income from multifamily real estate can allow you to gain financial freedom. Her meteoric rise to real estate royalty makes this a must-hear episode for everyone! Join us, as we discuss the pros of multifamily properties over single-family homes. We learn about the amount of work required to make successful deals, and key metrics Kathy uses to decide where to invest. We go into what differentiates A, B, and C class housing and how each class weathers dips in the market. Hear Kathy’s motivation and advice on how to ensure investors also attain financial freedom, and how to make a positive impact in the communities she invests in. To conclude this inspirational episode, we ask Kathy our final four questions, and receive down-to-earth, honest answers that you won't want to miss!

Key Points From This Episode:

An introduction to Kathy Jang, mother, marketing professional, and real estate star.
Learn why Kathy changed from single-family homes to multifamily properties.
Tips for new investors: persistence is key.
The key area metrics Kathy looks into before choosing to invest.
Why B class properties are solid investments in any economy.
Find out what the difference between A, B, and C class properties is.
The benefits of passive income: stop trading time for money.
How multifamily properties can fast-track your financial freedom.
Why understanding tenant’s needs can help make a positive impact in the community.
How marketing skills can benefit your real estate investing.
Why Google Suite is a must-have tool.
Lessons learned about why cash flow is king.
Discover more about Kathy and her latest ventures.

Tweetables:

“I actually became a real estate professional because I really wanted to spend that time with my priorities.” — Kathy Jang [0:01:59]

“I think the scalability of multifamily is really a very great pro to it. Also, I love the team aspect of multifamily. I think with single-family rentals, you're on your own, you do your thing, and it just isn't as fun because you're not working with other people doing that.” — Kathy Jang [0:04:46]

“Whether it's a good economy, a bad economy, there's always a solid need for class B properties.” — Kathy Jang [0:08:14]

“You no longer have to always trade your time for money.” — Kathy Jang [0:11:11]

“If the only way you can get your income is through your time, then it's hard to really build a retirement plan based off of your W2.” — Kathy Jang [0:11:18]

Links Mentioned in Today’s Episode:

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

Kathy Jang

City Data

Google Suite
Garzella Group

Episode #212: International Multifamily with Rafi Mizrahi Oct 18, 2021

Show notes

When Rafi Mizrahi was fired from his full-time IT job due to the crisis in Israel, he took inspiration from the famous book, Rich Dad, Poor Dad, burned all his bridges, and launched himself into the world of real estate investing. After two years of buying properties in Israel, Rafi realized what incredible opportunities could be found in the USA. He educated himself on real estate investing in the USA, bought his first property here, and developed a system for buying real estate abroad. After over 300 transactions, consisting of fix and flips, wholesaling, and buy and hold, Rafi shifted to a more scalable approach by focusing on multifamily. He has now syndicated almost 800 units in total. Today he joins us to discuss how he got over the mindset of investing from another country and how he built a team to help him complete his 300 transactions. Listening in you’ll hear what role Rafi plays in his multifamily deals, how he manages the timezone difference, how travel limitations caused by COVID have impacted his business, and how he overcomes the challenges of not being face-to-face very often. To find out how he sources most of his deals and what he does differently to separate himself from the herd to get 200+ unit properties under contract, tune in today!

Key Points From This Episode:

An introduction to Rafi Mizrahi and his career in real estate.
How getting fired, together with the influence of Rich Dad, Poor Dad, led Rafi into real estate.
How the recession led Rafi to invest in real estate in the USA.
How Rafi educated himself on real estate investing and bought his first property in the USA.
Rafi explains how he got over the mindset of investing from another country.
Insight into how he built a team to help him complete his 300 transactions.
What role Rafi plays in his multifamily deals.
How this is Rafi’s full-time job and how he sees it as a business, not a job.
What makes up a normal day for Rafie and how he manages the time difference.
Insight into how he sources most of his deals and the challenges of not being face-to-face very much.
How he visits the USA every two months and how this was affected by COVID.
Some of the things that Rafi does differently to separate himself and get 200+ unit properties under contract.
The one business tool Rafi couldn’t do without; honesty.
How taking an agency loan that led to paying a penalty was one of the biggest investment mistakes Rafi has made.
How Rafi is growing his life to the next level.

Links Mentioned in Today’s Episode:

Passive Income Through Multifamily Real Estate Facebook Group

Garzella Group

Episode #211: How to Grow your Network Through Meetups with Dallon Schultz Oct 11, 2021

Show notes

When it comes to real estate investing, it’s a common perception that the Meetup space is overcrowded. Today’s guest Dallon Schultz started his own meetup anyway and even though it was temporarily shut down by COVID after only two events, he has since managed to grow it into the largest monthly gathering in Arizona. In this episode, Dallon explains how he began his career as an ER nurse and how a broken leg led him to get involved in real estate investing. He explains how he first started the REV Multifamily Meetup, how he was able to grow it despite the COVID pandemic, and what separates his meetup from many others. Tuning in you’ll hear Dallon break down the three things that he believes helped the growth of his meetup, the value of building relationships, and the importance of acknowledging that you can’t do it all on your own. To discover the value of meetups, find out how to attend one of Dallon’s meetups, or even start your own, tune in today!

Key Points From This Episode:

An introduction to Dallon Schultz and his career in real estate.
How a broken leg led him to transition from being an ER nurse to real estate investing.
How he started the REV Family Meetup and how he was able to grow it.
What separates Dallon’s meetups from others.
The systemized approach Dallon takes to his meetups.
The importance of being persistent and consistent and how his meetup was affected by COVID.
How the biggest factor to the success of his meetups is that he stopped trying to do everything himself.
Thoughts on whether or not meetups are a crowded space and Dallon’s advice to anyone wanting to start their own.
How Dallon’s meetup has benefited him in terms of relationships and credibility.
Why Dallon chose to get into ground-up development as opposed to the multifamily value add space.
The one tool Dallon uses in real estate investing that he cannot do without: A CRM because he values relationships.
How one of his biggest mistakes in real estate investing was trying to do it all on his own.
How finding joy in the journey and perfecting delegation are the things Dallon needs to do to grow his life to the next level.
How to attend a meetup in person or virtually.

Links Mentioned in Today’s Episode:

Dallon Schultz

REV Multifamily Meetup on Facebook

REV Multifamily Meetup on Instagram

Text REV to (844) 974-4259

Dallon Schultz's Email

Best Ever Apartment Syndication Book

monday.com

The 7 Habits of Highly Effective People

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group
Garzella Group

Episode #210: Why Even Successful People Need Coaching with David Wood Oct 04, 2021

Show notes

“If the best golfer in the world is still working with a coach, then it’s pretty arrogant for the rest of the world to say, ‘Well, yeah, everyone else should have a coach, but not me.’” These are the words of today’s guest, David Wood, who believes that even the most successful people in the world need coaches. David is a former consulting actuary to Fortune 100 companies. He has built the world's largest coaching business, becoming number one on Google for life coaching, and coaching thousands of hours in 12 countries around the globe. David coaches high-performing business owners to double their revenue, along with doubling their time off by focusing on less and being 30 percent more courageous in their business and career. Today, we are privileged to have him on the show as he shares some of the biggest obstacles to happiness and how to overcome them. Learn David’s three principles for success, why you should ask yourself, “What would I do if I was fearless?”, and how to find your edge, lean into it, and dance with it. If you want to make sure that you are getting everything you want in life so that, on your deathbed, you can look back and say, “I gave it everything,” tune in today!

Key Points From This Episode:

An introduction to David Wood and his impressive career as a life coach.
The personal growth course that led David to become a life coach.
How having a coach can affect your life and why even successful people need them.
Why the best coaching results is the client coming up with their own answers.
Trying to do it all alone and other common challenges faced by David’s clients.
How the fear of missing out and shiny object syndrome can rob people of happiness.
The importance of getting clear about what 12 months’ success looks like.
Mindset versus execution and where coaching helps people the most.
How to lean into your fears and how this translates to being courageous in business.
An exercise that David recommends: ask yourself “What would I do if I was fearless?”
The first of David’s three principles for success: asking yourself how fast you want to go.
The principle of taking massive action.
Why you should consider where your edge is, what is scary for you, and lean into it.
The tools David uses in his daily life that he cannot do without: Trello and Loom.
How serving a target market that didn’t have a lot of money was one of David’s biggest mistakes in business.
What David needs to do to grow his life to the next level.
Where you can find out more about David, plus some helpful free resources.

Links Mentioned in Today’s Episode:

David Wood on LinkedIn

focus.ceo

Tough Conversations with David Wood

The Double-Your-Revenue Gift Basket

Trello

Loom

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group
Garzella Group

Episode #209: A Guide to Recapitalization with Matt Faircloth Sep 27, 2021

Show notes

In the current real estate climate, it’s tough to find deals. This is why today’s guest, Matt Faircloth believes that if your company already owns a good piece of real estate, why would you go and sell it? Matt feels it’s better to refinance that property, replace some investor equity if they want to get out, and just continue to recapitalize. Matt has been a full-time real estate investor for 15 years. In that time, he has successfully completed projects involving dozens of fix and flips, office buildings, single-family homes, and apartment buildings. He has amassed a portfolio of over 1,000 units and has raised tens of millions in equity for these real estate projects from passive investors. Apart from creating content for his YouTube channel, he is also the author of the Amazon bestselling book, Raising Private Capital: Building Your Real Estate Empire Using Other People's Money. Today we discuss the importance of maintaining and improving your property in line with the market, how to teach your kids to invest early, Matt’s working relationship with his wife who is also in real estate, and how they maintain a work-life equilibrium. Matt also explains why he terms his business as a “seldom sell” company, what recapitalization is, and why it works so well. To find out more about recapitalization and how it may work for you, tune in today!

Key Points From This Episode:

An introduction to Matt Faircloth and his impressive career as a full-time real estate investor.
Why he terms his business as a “seldom sell” company and what he means by this.
Insight into the process of recapitalizing, how it works, and the level of stabilization that it offers investors.
Matt breaks down an example of how he calculates what the return is for exiting investors.
The importance of always having a CapEx budget and keeping up your property in line with the market.
How Matt maintains a work-life equilibrium and the benefits he derives from entrepreneurship.
Matt’s wife Liz’s real estate career and how they serve as board members for each other.
How to teach your kids to invest early.
The role of incentive programs for those that run the assets that Matt owns.
Why Smart Sheet is the one tool Matt uses in real estate investing that he couldn’t do without.
One of Matt’s biggest mistakes in real estate investing so far involving a Ponzi scheme.
How he needs to realize what he should and should not be doing himself to grow his life to the next level.

Links Mentioned in Today’s Episode:

Matt Faircloth

Derosa Group on YouTube

Raising Private Capital

DeRosa Group

Liz Faircloth

The Real Estate InvestHER

The Only Woman in the Room

The Real Estate InvestHER Show

Smart Sheet

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

APT Capital Group
Garzella Group

Episode #208: The Joys of Investing Abroad with Christian Ross Sep 20, 2021

Show notes

There are so many different ways to approach real estate investing, and any strategy should suit the investor and their needs. Today on the show we are joined by Christian Ross to talk about a path that might just suit you more than you think! We are going to be talking about investing abroad, and the exciting possibilities that are offered by buying overseas. Christian has set up a great service, through which she helps her clients 'fly and buy' at great value, and she gets into exactly why this is so appealing to her clients. With a focus on The Dominican Republic, we look at the profitability and upturn of this method, with our guest talking about Airbnb, ROI, and so much more to get you completely clued up! Christian underlines the enjoyment that comes with investing abroad, and why it might not be as tricky as some people say. We also discuss the ins and out of property management, timelines for purchases and renovations, and how Christian found herself in this niche in the first place. So for an illuminating chat about a subject that you may have been neglecting, be sure to join us!

Key Points From This Episode:

Christian's background, her current position, and the service she provides her clients.
The work that Christian has done investing in overseas markets and her entry into this space.
Effective methods for finding clients; Christian's own process for new connections.
The buying process with Christian and decisions around site and neighborhood visits.
Flying and buying with Christian; the amazing all-inclusive package she offers their clients!
Christian's connection to Punta Cana and how she set up relationships and a base there.
Thoughts on the value of investing abroad and why Christian believes it suits certain people.
Potential drawbacks and hurdles for overseas investments; financing and timelines.
The most common usages of the real estate that Christian is selling aboard.
Unpacking the timelines for development and managing investor expectations.
How Christian goes about identifying great locations and properties!
Airbnb management for the properties; the typical way that Christian helps her clients get set up.
The important numbers from this model; occupancy and returns per year.
Why proximity is so central to customer confidence in an overseas investment.
Christian's favorite real estate tool, biggest investment mistakes, and her ambitions for the future!

Links Mentioned in Today’s Episode:

Christian Ross on LinkedIn

Engel & Völkers Atlanta

Christian Ross on Twitter

Fly and Buy Program

Limitless Estates
Garzella Group