Passive Income Through Multifamily Real Estate

Latest Episodes:

Episode #207: Building Financial Intelligence with Henry Daas Sep 13, 2021

Show notes

Henry Daas is a serial entrepreneur, business coach, screenwriter, and personal finance coach, who has recently compiled his six decades of financial knowledge and experience in his book, FQ: Financial Intelligence. On today’s episode, we talk to Henry about building financial intelligence, money traps, and the power of coaching. We kick off our episode with some background on Henry’s experience as an entrepreneur and how this informs his work as a coach. He shares his greatest achievement to date and how he was able to succeed in this endeavor and we talk about the difference between scaling and growing. Next, Henry tells us all about what drove him to hire a coach and he explains why he chooses elegant solutions over brute force. We dive into Henry’s article, ‘Five Reasons Small Businesses Fail’,and he tells us what he thinks of as the biggest money trap. We talk about the two things that form the basis of a healthy business and Henry gives us the scoop on his newly published book, FQ: Financial Intelligence. In conclusion, Henry shares some of the challenges you can expect moving from “cubicle world” to working for yourself. Tune in for an inspiring episode packed with plenty of practical tips to empower you on the road to success! We hope you join us.

Key Points From This Episode:

An introduction to Henry Daas and his work in coaching, real estate, and finance.
Henry’s introduction to the personal development space and why he chose to stay.
How his experience as an entrepreneur informs his work as a coach.
What he considers his greatest achievement: building a leasing company from scratch.
The key factors that enabled him to scale the business.
The difference between scaling and growing.
What drove Henry to hire a coach.
Why he chooses elegant solutions over brute force.
A summary of Henry’s article, ‘Five Reasons Small Businesses Fail’.
The biggest money trap, according to Henry: confusing your top line number with your gross revenue, and not taking your margin into account.
The two things you need to know to analyze a business: cash flow and gross margin.
The scoop on Henry’s book, FQ: Financial Intelligence.
Some of the challenges of working for yourself in comparison to “cubicle world.”
The one tool Henry could not do without; Calendly.
The biggest investment mistake Henry has made.
What he is focusing on in the next chapter of his life.

Links Mentioned in Today’s Episode:

Henry Daas
Henry Daas on LinkedIn
Henry Daas on Twitter
Henry Daas on Facebook
FQ: Financial Intelligence
'Five Reasons Small Businesses Fail'
Calendly
Daas Knowledge Podcast
Limitless Estates
Garzella Group

Episode #206: The Value of Networking with Bailey Kramer Sep 06, 2021

Show notes

While it may take some time to establish yourself in the real estate business, today’s guest, Bailey Kramer is making waves at the young age of just 21. Bailey is a real estate investor, entrepreneur, and podcast host based in Orlando, Florida, who uncovered his passion for real estate investing after reading Rich Dad, Poor Dad when he was just 19 years old. Since then, Bailey has focused on acquiring properties using creative financing strategies and also co-founded Property Dogs which serves many investors across the nation. He attributes much of his success to his network. Today, he shares with us how he has achieved so much in just two years. Tuning in, you’ll hear how he developed a passion for real estate, how he completed his first deal at the age of 20, and what his investment strategy is going forward. Bailey believes strongly in the power of networking to fill in the gaps in your own experience and gives his top three strategies for growing your own network at any stage of your career. Tune in today to find out how you can use text campaigns to find off-market deals and discover how networking may hold the key to your future success!

Key Points From This Episode:

An introduction to today’s guest, 21-year-old real estate investor, Bailey Kramer.
The influence of the book Rich Dad, Poor Dad on Bailey’s career.
What Bailey has learned in his two years of being an entrepreneur in terms of education and networking.
The story of Bailey’s first deal when he was just 20 years old: a fix and flip.
The challenges posed by COVID to his first deal.
Bailey’s investment strategy going forward and the asset classes he’s interested in.
Why Bailey chose those types of asset classes versus multifamily.
The number one thing that Bailey believes has attributed to his success: his network.
The biggest limiting belief Bailey had to get over when he first started out.
Bailey’s three strategies for anybody trying to grow their network: Podcasts, BiggerPockets, and Facebook groups.
Bailey’s experience with mastermind groups and what he has gained from them.
How Bailey goes about finding off-market deals.
Bailey gives a breakdown of the conversion rates from his text campaigns.
How he goes about perfecting the messaging in his text campaigns.

Links Mentioned in Today’s Episode:

Rich Dad's CASHFLOW Quadrant

Make It Happen Mastermind

Podio

Propstream

Bailey Kramer on Instagram

Real Estate Investing Made Simple Podcast

Passive Income Through Multifamily Real Estate Facebook Group

Free Call with Kyle or Lalita
Garzella Group

Episode #205: Wisdom from KRI Properties’ Kenneth Gee’s 24 Years of Experience in Real Estate Aug 30, 2021

Show notes

Today’s guest has more than 24 years of significant experience in real estate, banking, private equity transaction, and principle investing. Throughout his career, he has been involved in transactions valued at more than two billion dollars, much of which has been included in the acquisition, management, and financing of various multi-family real estate projects. Today we are privileged to be talking to Kenneth Gee, the founder and managing partner of KRI Partners and the KRI Group of Companies. From his wealth of expertise, Kenneth shares with us the three things he believes a real estate investment firm must have before you give them your money. We discuss the value of experience, the importance of doing your homework, and why you should always stick to the fundamentals. Hear Kenneth’s advice to real estate investors that don’t have experience, his philosophy on how to consistently make money in real estate, his advice for new investors wanting to get into a new market, his tips on when and how to renovate a property, and so much more, all on today’s episode, so don’t miss it!

Key Points From This Episode:

An introduction to Kenneth Gee, Founder and Managing Partner of KRI Partners.
Information about KRI Group of Companies and their focus and structure.
The three things Kenneth believes a real estate investment firm must have before you give them your money.
Kenneth’s advice to real estate investors that don’t have experience.
The story of how Kenneth borrowed money on his home equity line of credit and from family to get started in this business.
Kenneth’s philosophy on how to consistently make money in real estate.
Why you should renovate from the outside in when renovating your multi-family property.
Why Kenneth invests in B and C-asset classes.
If you’re getting started in investing passively, how to go about vetting an investment firm.
How Kenneth is finding deals and benefitting from a relationship with a broker network.
How KRI Properties underwrites differently in growth markets versus non-growth markets.
Tips for new investors who are wanting to get into a new market: do your homework.
Common mistakes new investors make when they’re first talking to brokers.
The one tool Kenneth uses in real estate investing that he could not do without: the Internet.
Why you should wait 30 or 60 days before renovating a property.
What Kenneth needs to do to grow his life to the next level: continue to learn.
What you can learn from KRI Properties’ eBook.

Links Mentioned in Today’s Episode:

Passive Income Through Multifamily Real Estate Facebook Group
Garzella Group

Episode #204: Remote Real Estate Investing with Alicia Jarrett Aug 23, 2021

Show notes

With the events of the COVID-19 pandemic, the world has become increasingly online, off-site, virtual, and remote. While real estate investing might be something that you may not believe can be done remotely, today’s guest is proving that it can! Alicia Jarrett is an international real estate investor, educator, and entrepreneur who is based in Australia. Four years ago, she and her partner Matthew began conducting deals in the USA. In spite of the distance, a 14-hour time zone difference, and no experience, they have built a successful real estate company in the USA as well as a real estate marketing firm. Today, Alicia provides expert insight into how to successfully start a real estate business from halfway around the world. Hear about the prices, taxes, and laws that led her and her partner to invest in the USA, what barriers they had to overcome, how they manage the time zone difference, and how to find the right realtor remotely. Later we discuss the role of marketing in real estate investing. Alicia explains how they use direct mail marketing to land new deals, the importance of considering the demographics of sellers when trying to get off-market leads, and what real estate investing tool they could not do without. For all this and more, tune in today!

Key Points From This Episode:

Introducing today’s guest, Alicia Jarrett.
How Alicia and her partner Matthew ended up doing deals in the US despite being based in Australia with no background in real estate.
Alicia talks about the ‘barriers to entry’ and ‘barriers to success’ she has had to overcome with the additional challenge of distance.
How she manages the 14-hour time zone difference.
How much time she and her partner spend in the USA and how if you have the right team you don’t physically need to be there.
Prices, taxes, and other factors that led them to invest in the USA and not Australia.
How to find the right realtor and develop trust with them remotely.
Why when they met their realtor they hired him for a day to drive them around Jacksonville.
What drew them to Jacksonville, Florida as their first and primary market.
How they use direct mail marketing to land new deals.
The importance of considering the demographics of sellers when trying to get off-market leads.
The one real estate investing tool that they could not do without: Supercharged Offers.
One of their biggest mistakes in real estate investing and what they learned from it.
What they are doing to grow their lives to the next level: Reducing their work hours.

Links Mentioned in Today’s Episode:

Supercharged Offers

Alicia Jarrett email

Alicia Jarrett phone number —888-538-5478.
info@limitless-estates.com
Limitless Estates
Garzella Group

Episode #203: Investing in Mixed-Use Assets with Ari Rastegar Aug 16, 2021

Show notes

Whether in urban centers or “futuristic” suburban areas, mixed-use developments are steadily gaining ground as a housing trend among residential homebuyers. Of course, this means that mixed-use assets present ever more attractive investment opportunities for real estate investors, but how do you get started? Today’s guest is Ari Rastegar, Founder, and CEO of Rastegar Property Company. Ari has established a reputation as a thought leader in real estate with his innovative, technology-driven investment approach and strategies. His real estate investments span 32 cities across eight different states and include multifamily units, mixed-use complexes, storage facilities, and more. As per Forbes magazine, Ari is known locally as “The Oracle of Austin” and, with solid experience in a variety of different asset classes, he is uniquely qualified to share practical insight and advice for investing in mixed-use developments. In today’s episode, he covers how best to enter the mixed-use asset class, from starting small to focusing on capital preservation, and why he advises that you have dedicated teams of experts working on each individual piece of a mixed-use project. Tune in today to learn more!

Key Points From This Episode:

Get better acquainted with Ari Rastegar and his real estate investing business.
Learn about mixed-use assets and the mixed-use project Ari is working on in Kyle, Texas.
Ari shares his experience with new builds versus buying existing value add projects
Why mixed-use investments need to be assessed on a case-by-case basis.
Looking to what Ari calls “futuristic suburbanism” when planning mixed-use spaces.
How long mixed-use takes from the ground-up depends on the community, the project, and the value creation strategy.
Find out how Ari built up his experience in numerous different asset classes by starting small.
How he selects areas to invest in using a 70-point proprietary due diligence checklist.
Advice for investors starting out in mixed-use: slow and steady wins the race.
Why Ari prefers to focus on capital preservation; not losing money is underrated!
Vertical versus horizontal mixed-use; why Ari believes you should always keep your consumer’s interests ahead of your own.
What investors should consider before investing in mixed-use assets; the value of expertise.
Find out why Ari can’t do without great people and what he learned from his biggest mistake.
Why Ari believes it’s all about marrying great technology and efficiencies with a great team.

Links Mentioned in Today’s Episode:

Ari Rastegar on LinkedIn

Ari Rastegar on Twitter

Ari Rastegar on Instagram

Rastegar Property
info@limitless-estates.com
Limitless Estates
Garzella Group

Episode #202: The Role of Qualified Opportunity Zone Investment in Multifamily Real Estate with Michael Episcope Aug 09, 2021

Show notes

Today’s seasoned investor, Michael Episcope, has 25 years of investment and risk management experience under his belt. In today’s episode, he tells us about how his company, Origin Investments, makes the most of opportunity zone investment. He introduces us to the concept of opportunity zones, how they are determined, and how to maximize investor tax advantages, as well as the benefits of using both 1031 exchanges and qualified opportunities. He lets us in on the key things to consider when pursuing an opportunity zone investment and, in closing, he warns about the perils of relying on advice rather than doing the research yourself and talks us through the ways in which Origin Investments was able to weather the storm of a global pandemic. Tune in for some hugely valuable tips on how to leverage multifamily real estate investment for your journey to financial freedom!

Key Points From This Episode:

Introducing today's guest, Michael Episcope of Origin Investments.
How Origin Investments came to be.
What an opportunity zone actually is.
Why Origin Fund ranks highly in terms of fundraising.
How opportunity zones are determined.
How an investor’s tax advantages can be maximized.
The benefit of using 1031 exchanges as well as qualified opportunities.
What some of the misconceptions are about investing in opportunity zones.
Key considerations when pursuing an opportunity zone investment.
The one essential tool Michael uses in real estate investment.
Why it is a mistake to rely on advice instead of doing the research yourself.
The impact of COVID-19 on Origin Investments as a company.

Tweetables:
“Anytime somebody starts a company, it’s because they believe they can do it better.” — Michael Episcope [0:02:19]
“The amount that you’ll earn on a post-tax basis is about 75 percent more in qualified opportunity zone funds.” — Michael Episcope [0:10:48]
“The biggest misconception about investing in qualified opportunity zones is that you’re investing in blighted neighborhoods – and that’s just not true.” — Michael Episcope [0:12:01]
“Everybody is going to be susceptible to market risks. If you stay away from the bad decisions and bad deals out there, overleveraged properties and people taking advantage of your money, then you’re going to do well in the long run.”— Michael Episcope [0:19:15]
“We believe highly in educating our audience, making smart investors. We think it’s good for the entire industry. Our website is also a really great resource for any new investors who are looking to enter the market.” — Michael Episcope [0:21:19]

Links Mentioned in Today’s Episode:

Michael Episcope on LinkedIn

Origin Investments

Passive Income Through Multifamily Real Estate Facebook Group

Free Call with Kyle or Lalita

info@limitless-estates.com
Limitless Estates
Garzella Group

Episode #201: Learning by Doing with Sam Bates Aug 02, 2021

Show notes

Internal fortitude and complementary partners; these are the two key factors that contribute to success, according to today’s guest, Sam Bates. Although Sam always knew he wanted to be in real estate, it took a mindset shift and a few unfortunate deals for him to really be able to commit himself fully to the industry. Sam opens up about the first deal he was involved in as a passive investor that almost went horribly wrong, and how he and others managed to salvage it. That first deal taught Sam a lot, and motivated him to go out and start his own company. We hear about Sam’s subsequent experiences with real estate deals of varying types, the differing impacts that the COVID-19 pandemic has had on his investments, and his thoughts about the direction that the industry is heading. Sam also shares very helpful tips about how to minimize the negative effects of inflation, and finding the right business partners.

Key Points From This Episode:

Hear about Sam’s educational and professional background.
Problems that occurred during the first deal that Sam was involved in.
Steps that were taken to salvage that first deal.
Why Sam moved away from the single-family space.
Success that Sam and his partners experienced on their first deal on their own.
Sam’s projections about what is going to happen in the real estate sector in the coming years.
Impacts of the COVID-19 pandemic on Sam’s investments; some surprising findings.
How Sam’s mindset around real estate investing has changed.
The value that Sam sees in putting effort into self-development and other life skills.
Differences between acquisitions and developments in terms of the timelines for returns.
Developments can be a lengthy process; Sam has been working on one for the past four years, and he explains the reasons why.
A strategy that Sam and his partners utilize to minimize the impacts of inflation on developments that take a long time.
Two key factors that Sam attributes to his success.
The importance of networking.

Tweetables:

“You always want to write conservatively but, in this timeframe, if you write too conservatively, you’re never going to get a deal.” — @SamBatesIV [0:09:59]

“With the stimulus and the amount that they’re pumping out, I assume it’s going to be significantly longer than just 2023 for interest rates to stay low.” — @SamBatesIV [0:10:43]

“Real estate is a great hedge against inflation and as prices rise, rents are going to rise and that just increases pricing.”— @SamBatesIV [0:11:15]

“All the work finally has a compound effect and you don’t see big gains on a daily basis but overtime and over years, you see it.” — @SamBatesIV [0:17:41]

“Your network is your net worth and the more people you know, the more of the impact you can make towards them and make their lives better.” — @SamBatesIV [0:19:28]

Links Mentioned in Today’s Episode:

Bates Capital Group

Sam Bates Contact Number — 972-855-7654

Trinity Capital Group

info@limitless-estates.com
Limitless Estates
Garzella Group

Episode #200: It's a Family Business with Jonathan Barr Jul 26, 2021

Show notes

Owning real estate with family members can be a great way to benefit from family resources and trust, but it can also present its challenges! Today’s guest believes that, to be successful in a family-owned real estate business, it’s all about setting boundaries and having clear expectations. Jonathan Barr is a Principal and MultiFamily Syndicator at JB2 Investments. He started his real estate career just after the last global recession in 2009. He has since been involved in the acquisitions of over 400 residential flips in the competitive Los Angeles market. Along with his brother, Jeffrey, Jonathan started JB2 Investments and began investing in value add projects, 70-unit plus properties, and B to C-class complexes in B emerging neighborhoods. JB2 currently has properties in Kansas City and the OKC metro area and is looking to expand in higher cashflow markets. Tune in to hear his advice for keeping it in the family, as well as his perspectives on scaling and keeping property management third party!

Key Points From This Episode:

Jonathan shares a bit more about himself and how real estate is a family business.
Find out why Jonathan implements a “hold forever” investment strategy.
His perspective on scaling versus doing the work he wants to do, not what he has to do.
What it means when Jonathan says he looks for operational or expense reduction plays.
The decision to focus on limited markets and how it eliminates assumptions.
Growing up in a real estate family and starting a company with his brother; it’s about trust.
Jonathan’s advice for keeping it in the family: set boundaries and clear expectations.
Even approaching the 1,000-unit mark, Jonathan explains why he will probably always hire third-party property management.
Hear how he found a property manager and built that relationship.
The real estate investing tool Jonathan can’t do without: ActiveCampaign.
What he learned from his biggest mistake: have due diligence lists for your due diligence lists!
How creating more systems will help Jonathan grow his life to the next level.

Tweetables:

“We don’t want to have a billion-dollar company. We [would] rather be the shop that does three or four deals a year and doesn’t have a bunch of staff and overhead and people we need to manage, just because we value balance in life.” — @JB2Investments [0:06:42]

“We’re in a super competitive market right now and you need every advantage that you can have.” — @JB2Investments [0:10:54]

“Working with family, you can trust them 100 percent. You can give them access to bank accounts. You don’t have to worry about maybe a partner that you’ve only known for a few years and, in the back of your mind, you have to question some things.” — @JB2Investments [0:13:02]

Links Mentioned in Today’s Episode:

Jonathan Barr on LinkedIn

Jonathan Barr on Twitter

Jonathan Barr on BiggerPockets

JB2 Investments
info@limitless-estates.com
Limitless Estates
The Tax Stack Strategy
Garzella Group

Episode #199: Using Credit to BRRRR with Brandon Elliott Jul 19, 2021

Show notes

Today’s guest believes that credit is one of the most undervalued opportunities in real estate and, in this episode, he hopes to educate listeners on how to start thinking like the bank! Brandon Elliott is a real estate investor, podcast host, author, international speaker, and credit specialist. He utilizes the BRRRR strategy and has done numerous fix and flips locally in San Diego California, as well as out of state virtually. He also has a passion for coaching others to help them achieve generational wealth, which is the key reason why he created his podcast, Ready. Set. Go. Real Estate Investing. Tune in for an insightful episode full of practical advice for taking your real estate investing business to the next level using credit!

Key Points From This Episode:

Brandon shares a little bit more about himself and his expertise in BRRRR and credit.
What door knocking for a vacuum cleaner company taught Brandon about resilience.
Hear about his most recent multifamily project, a fourplex in San Diego.
The key to a 100 percent cash out refinance starts with getting a good deal.
Find out what the BRRRR strategy is and why Brandon fell in love with it.
Why Brandon is choosing to stick with one to four-unit short-term rentals in San Diego.
Building wealth through credit; how to start thinking like the bank.
Credit as a four-step process: educate, fix your credit, build credit, and leverage it.
Using credit as a backup plan when financing a deal.
How else you can use credit, outside of purchasing real estate, like travel hacking.
The most common mistakes Brandon sees people make with credit.
One real estate investing tool Brandon can’t do without: credit!
The importance of making sure that you always have your legal paperwork in order.
How marketing will help Brandon grow his business to the next level.

Tweetables:

“How I leveraged myself and have been able to scale into real estate has been through credit and building personal and business lines of credit.” — Brandon Elliott [0:03:09]

“Buy, renovate, rent, refinance, repeat. At the end of the day, it’s coined the BRRRR strategy but it has always been the value add.” — Brandon Elliott [0:07:18]

“Start thinking like the bank. Understand how the banks are thinking and treat [credit] like real-life Monopoly.” — Brandon Elliott [0:10:51]

Links Mentioned in Today’s Episode:

Brandon Elliott on LinkedIn

Brandon Elliott on Instagram

Brandon Elliott on Facebook

Brandon Elliott on YouTube

Ready. Set. Go. Real Estate Investing Podcast
Credit Counsel Elite
info@limitless-estates.com
Limitless Estates
Credit Repair Mobile
Three Feet From Gold
Garzella Group

Episode #198: The Single Best Investing Strategy with Bronson Hill Jul 12, 2021

Show notes

Today’s guest is Bronson Hill, the Founder, and CEO of Bronson Equity. He has raised over $15 million for real estate investment and is a general partner in over $60 million worth of real estate around the US. He is the host of a large multifamily meetup in Pasadena, California, FIBI Pasadena Multifamily, the author of the report, The Single Best Investment Strategy During (and After) a Pandemic, and a regular contributor to YouTube, BiggerPockets, and other platforms. In this episode, Bronson shares his journey and expertise, explaining why busy professionals would choose multifamily, what drew him to syndication, and how to establish trust with investors, as well as his advice for finding deals, building relationships, and adding value. Make sure to tune in today!

Key Points From This Episode:

Learn more about Bronson, his background, and his multifamily real estate journey.
The value of finding a reputable team to help you grow your passive income.
Why busy professionals should passively invest in multifamily over other asset classes: time, scalability, and tax benefits.
Advice for investing in the stock market: view buying shares as buying a piece of a company.
Why Bronson is drawn to multifamily syndication: how it allows for greater scalability.
He emphasizes the importance of establishing trust with investors, conservative underwriting, and asking sponsors what went wrong.
The myth of passive investing in that you actively need to know everything about the deal.
Creative methods Bronson has used to maintain investor’s trust, like constantly adding value.
Some of the best ways to find these syndication deals, including meetups and podcasts.
Hear about the origins of Bronson Equity and the process of growing the company.
The tools that Bronson can’t do without, including Google Sheets and City-Data.com.
What he learned from his biggest mistake: the value of a performance contract.
To grow his life to the next level, Bronson needs to continue networking and finding deals.

Tweetables:

“There are some amazing benefits [to passive multifamily investing] that help people to maximize their use of time, as well as growing their income without taking up more of their time, as well as the tax benefits.” — Bronson Hill [0:07:24]

“The most important thing when it comes to your investments and how they perform [is] who you invest with.” — Bronson Hill [0:11:40]

“It is really getting out, learning, meeting new people that can get you to that next level, whether you’re passive or you’re active. That relationship can really be powerful.” — Bronson Hill [0:18:43]

Links Mentioned in Today’s Episode:

Bronson Hill Email

Bronson Equity

‘The Single Best Investment Strategy During (and After) a Pandemic’

Google Sheets
info@limitless-estates.com
Limitless Estates
City-Data.com
Garzella Group