Passive Income Through Multifamily Real Estate

Passive Income Through Multifamily Real Estate Facebook Group

Brian Briscoe on LinkedIn

Peter Pomeroy Email

Episode #277: Apartment Investing and Action-Based Faith with Brian Briscoe Jan 16, 2023

Show notes

Many real estate investors' goal is to transition from part-time turnover to full-time passive income. Our guest today retired from the Marine Corps and is now a full-time apartment investor. Brian Briscoe is a member of the Streamline Capital Group, the Director of multifamily investing community, The Tribe of Titans, and the host of the Diary of an Apartment Investor podcast. In this episode, Brian shares his advice for evaluating potential general and/or operating partners and breaks down the value of the CEO structure. We learn about his entry into real estate, the respective goals of his various endeavors and how he manages them all concurrently, and his advice for aspiring apartment building sponsors. Tune in for insight into the state of investors today and Brian’s philosophy on action-based faith.

Key Points From This Episode:

Introducing full-time apartment investor, Brian Briscoe.
Brian’s marine corps background and introduction to real estate.
How he got into multifamily and his activity in the market today.
Brian’s past and present roles within Streamline Capital Group.
The bridge between Streamline Capital Group and The Tribe of Titans.
An overview of the multifamily investing community, The Tribe of Titans: what it is, what motivated Brian to start it, and who it was designed for.
Brian’s motivation to start his podcast, Diary of an Apartment Investor.
The creative, relevant format of the podcast.
How Brian concurrently manages his multiple endeavors.
His advice for evaluating potential general and/or operating partners.
The value of the CEO structure and dividing functional areas within that structure.
The state of investors today: risk tolerance and future concerns.
Advice for aspiring sponsors.
The role of faith in Brian’s life and career.

Links Mentioned in Today’s Episode:

Brian Briscoe on Instagram

Brian Briscoe on Twitter

Streamline Capital Group

The Tribe of Titans

Diary of an Apartment Investor with Brian Briscoe

Rich Dad, Poor Dad

Passive Income Through Multifamily Real Estate Facebook Group

Jeff Greenberg on LinkedIn

Peter Pomeroy Email

Episode #276: Finding Opportunities in Real Estate with Jeff Greenberg Jan 09, 2023

Show notes

Our guest today on the podcast is Jeff Greenberg, the CEO of Synergetic Investment Group, SIG. Through his SIG wealth fund, a diversified and customized equity fund, SIG provides the opportunity for high-net-worth individuals to passively invest in commercial real estate with best-in-class commercial deals and syndicators. As listeners join in, they’ll hear from Jeff about how he got into real estate and why he went into creating a fund. He shares with us the different opportunities associated with his fund, then talks about how to identify and find new sponsors. We touch on the impending recession and how it is affecting investor needs. For all this and more, tune in to the Passive Income Through Multifamily Real Estate podcast now!

Key Points From This Episode:

We hear Jeff’s high-level story about getting into real estate.
Why and how he got into creating a fund.
Why flexibility is a key tool to have in your toolbox.
Jeff talks about the SIG Wealth Fund; what it is and how it’s structured.
Why a customizable fund created excitement in Jeff.
Tax associated with leaving distributions in the fund.
Jeff talks about an SPV; a fund-to-fund model.
We talk through a hypothetical example of a Hard Money Loan.
The different opportunities one might see in Jeff’s fund.
How to identify and find new sponsors.
Ingredients or elements that he has found are present in his most successful partnerships with sponsors.
The “Avatar Investor” and other common attributes to look for in investors.
How the recession is affecting investor needs, according to Jeff.
Advice for aspiring sponsors; for those who want to invest with Jeff.
What Jeff has learned to do to maintain his overall well-being and to perform at his best.

Links Mentioned in Today’s Episode:

Synergetic Investment Group

Jeff Greenberg Email

E-book

Ashley Wilson (Bar Down Investments)

Passive Income Through Multifamily Real Estate Facebook Group

Jorge Contreras on LinkedIn

Peter Pomeroy Email

Episode #275: Becoming an Airbnb Landlord with Jorge Contreras Jan 02, 2023

Show notes

From humble beginnings and short-term paralysis to full health and a seven-figure salary! That is the journey of today’s guest, real estate investor and Airbnb coach, Jorge Contreras. Jorge overcame his troubles of the past and used determination, discipline, and an insatiable will to learn to retire at 29 and become a millionaire the next year! He walks us through how he became an investor and pays close attention to what pulled him toward Airbnb, before detailing what was going on in his mind when he made his first major investment of $35,000. We discuss the differences between Airbnb subleasing and arbitrage, how to approach landlords to sublease their property, how Jorge chooses his investment locations, the tenants he typically encounters, and why his single-family-home business model is a recipe for success. In the panic surrounding the imminent recession, our guest explains why Airbnb is still a winning bet, although you must have the mental fortitude required to take full advantage of this unique economic situation. Do you think you can become a 6-figure Airbnb Sublease champion in just 5 days? Join Jorge’s 5-Day Airbnb Launch Challenge and find out!

Key Points From This Episode:

A warm welcome to today’s guest, real estate investor and Airbnb coach, Jorge Contreras.
How Jorge got into real estate investing, Airbnb, and his other investing ventures.
What it was like for him when he made his first big investment of $35,000.
The difference between Airbnb purchasing and arbitrage.
What to consider when approaching a landlord to sublease their property.
Why some landlords raise their prices for Airbnb subleasing and others don’t.
The average Airbnb stay duration.
How Jorge chooses his locations and the types of properties he invests in.
His single-family-home business model and why it’s a vehicle for success. ‘
The type of tenants he commonly sees at his Airbnb’s.
Why being based in primary locations will help you in times of global financial unrest.
What it costs to furnish one of Jorge’s units and how he decides if the price is worth it.
Why it’s still a good time to get into Airbnb subleasing, even amidst recession fears.
How to balance working in your business and working on your business.
Be sure to check out Jorge’s amazing 5-Day Airbnb Launch Challenge!

Links Mentioned in Today’s Episode:

Jorge Contreras

Jorge Contreras on Twitter

Jorge Contreras on Instagram

Jorge Contreras on Facebook

Jorge Contreras on YouTube

Jorge Contreras on TikTok

Jorge’s 5-Day Airbnb Launch Challenge

Mashvisor

AirDNA

Tony Robbins

Passive Income Through Multifamily Real Estate Facebook Group

Cyrus Opportunity Zone Fund

Peter Pomeroy Email

Episode #274: Investing in Opportunity Zone Funds with Mike Hardy Dec 26, 2022

Show notes

Qualified opportunity zone funds boast the incredible benefit of possible tax-free returns, and joining us today to share more on the topic is mortgage banking juggernaut, entrepreneur extraordinaire, life-coach, speaker, and Co-Founder of Cyrus Opportunity Zone Fund, Mike Hardy. Mike has over two decades of experience in securities, mortgage banking, and fund management, managing over $500 million in annual funding volume, and he tells us exactly how he found his way to mortgage banking. Then, we discuss his fears around the impending recession, why he believes that the housing market will not crash, what a qualified opportunity fund (QOF) is, and what his company does, with a close examination of the mechanics behind investing in a QOF. Mike explains the products that his company offers, its target market and ideal investors, and why it will probably add a debt service to its offerings in the near future. We end this inspirational, informative episode with our guest sharing his secrets to success of being an overachiever while still maintaining a healthy work/life balance.

Key Points From This Episode:

Introducing today’s guest, entrepreneur, and mortgage banking expert, Mike Hardy.
Mike’s professional background and how he got into mortgage banking.
Whether Mike thinks that we are in a similar state, pre-recession, like in 2007.
Our guest’s view on why it’s unlikely that the housing market will crash.
The Cyrus Opportunity Zone Fund (COZF): what a qualified opportunity fund is and does.
How Mike’s fund offers flexibility without compromising the integrity of the investment.
A closer look at the mechanics of investing in an opportunity zone fund.
The tax implications of a qualified opportunity fund.
How an investor’s withdrawal of their money is valued in the fund.
The markets Mike’s company is targeting, and its product type.
Three countries that COZF is focused on servicing, and why.
Why COZF does not use debt and why it probably will in the future.
Mike’s ideal investor.
Why the impending recession is not influencing the decisions of Mike’s investors.
How he is able to maintain a healthy work/life balance as an overachiever: the core four.
The ways you can become a high achiever if you currently believe that you’re not one.

Links Mentioned in Today’s Episode:

Mike Hardy on LinkedIn

Mike Hardy on Twitter

Mike Hardy Email

Churchill Mortgage

Passive Income Through Multifamily Real Estate Facebook Group

Dustin Heiner on LinkedIn

Peter Pomeroy Email

Episode #273: Successfully Unemployed with Dustin Heiner Dec 19, 2022

Show notes

Successfully unemployed at 37, our guest today, Dustin Heiner, is on a mission to help everyone successfully quit their job. Through his various channels, including his company and best-selling book, Dustin has become one of the leading experts in real estate helping students become successfully unemployed! As you tune into this episode of the Passive Income Through Multifamily Real Estate podcast, you’ll hear from Dustin about what shoved him into becoming a real estate investor and the concept of being unsuccessfully unemployed. He shares with us why now is the best time to invest, why he’s involved in side hustles, and what the most important characteristics are for becoming successfully unemployed. He leaves listeners with advice on why buy, hold, and cash flow is the best way to go!

Key Points From This Episode:

Dustin shares his personal journey towards being successfully unemployed.
What shoved him into becoming a real estate investor.
Dustin talks about the concept of being successfully unemployed.
The types of apartment buildings that lead to financial freedom, according to Dustin.
He touches on the syndication model and how it differs from his strategy.
Dustin shares his “rule of thumb” [metric] for cash flow per property.
He describes his typical coaching student.
His advice on when to wait or when to take action in the world we are currently in.
Two reasons why right now is the best time to invest.
Dustin talks about his current side hustles!
Characteristics essential to becoming successfully unemployed.
Important advice from Dustin given the world we live in.

Links Mentioned in Today’s Episode:

Dustin Heiner on Twitter

Master Passive Income

Rewbcon: The Real Estate Wealth Builders Conference

Successfully Unemployed

How to Quit Your Job with Rental Properties

Successfully Unemployed Book

Successfully Unemployed YouTube

Master Passive Income Podcast

Text R-E-N-T-A-L to 33777

Free Course

Passive Income Through Multifamily Real Estate Facebook Group

Driving for Dollars Mastery
Rich Dad, Poor Dad

Peter Pomeroy Email

Episode #272: How to Make More than a Million a Year with Zack Boothe Dec 12, 2022

Show notes

Just a few years ago, Zack Boothe was cleaning windows for a living. Today, he lives his dream as a real estate investor making over a million dollars per year and helping others to see how simple it is to make money from real estate. He is here today to share his insider’s secrets to finding massively discounted properties, regardless of your experience level. Tune in to hear his story of finding wholesaling success through the game-changing resources and relationships he found along the way. There is a lot to learn from this inspiring industry leader, who attributes the mindset that led to his success to his upbringing, having become independent at the age of 16. Hear what motivated him to make the changes that led to his success, why wholesaling is such a low-risk avenue, and learn from his experience of the 40 Day Challenge. Get some insight into the simple rules that guide his decision-making, what he envisions for the next three years and more. Thanks for tuning in!

Key Points From This Episode:

An introduction to Zack Boothe, a real estate investor making over a million dollars per year.
His story of becoming independent at 16 and working hard to buy his first truck.
How reading Rich Dad, Poor Dad at the age of 14 influenced his ideas around work and money.
The story of opening a window cleaning business.
What led him to dissolve the business and change direction.
What he learned from Tom Krol about wholesaling and pawn shop for houses.
The story of how real estate investing changed his life.
How he is approaching wholesaling in a dropping multifamily marketing.
Why wholesaling is such a low-risk avenue.
What the 40 Day Challenge he did involved.
How Vertical Street Ventures can support you with a hands-on coaching system.
Why he only works with high investor traffic areas.
His rule: if you’re changing the script to talk to a family member or friend, you’re doing it wrong.
Zack’s suggestion: if you have 60000 people within an hour’s drive, your market is big enough.
Why wholesaling is like building a lego set.
How coaching has changed his life.
The filter Zack uses to establish if a coach is right for you.
Zack’s goals for the upcoming three years.
Where to watch Zack’s 40 Day Challenge where he makes $93,000 in just 40 days.

Links Mentioned in Today’s Episode:

Zack Boothe on Instagram

Zack Boothe on TikTok

Zack Boothe on YouTube

Book a Call with Zack

Tom Krol on LinkedIn

Wholesaling Inc.

The 21 Irrefutable Laws of Leadership

Passive Income Through Multifamily Real Estate Facebook Group

The Wealth Building Network

Peter Pomeroy Email

Episode #271: The Game-Changing Value of Virtual Assistants with Valerie Shirah Dec 05, 2022

Show notes

Valerie Shirah is a mom who homeschools her three kids and manages multiple businesses. Today she joins us to share how the services of a virtual assistant help her to juggle her many responsibilities. In this episode, she explains how her husband’s Parkinson’s diagnosis first led her into the world of real estate investment, how she discovered the value of using a virtual assistant, and why she is now so passionate about helping other investors manage their time and experience massive growth through the use of virtual assistants. She explains how her company, The Streamline Team helps people identify where a VA may be able to lighten their loads, how VAs can help with capital raising and social media management, and some of the best practices for working with a VA. She also talks about how to overcome the struggles of letting go and trusting someone else with an important aspect of your business, something entrepreneurs commonly struggle with. For all this and more, tune in today!

Key Points From This Episode:

How Valerie’s husband’s Parkinson’s diagnosis led her into the world of real estate investment.
Why they chose multi-family and short-term rentals and what they like about midterm rentals.
The common characteristics of Valerie’s clients and the services she offers.
How Valerie helps her clients understand the value of a VA.
How you can identify where a VA may be able to lighten your load.
Ways in which a VA may be able to help in capital raising.
How a VA can help you manage your social media.
Why you should create your social media with your ideal client in mind.
How The Streamline Team is different from other companies that offer VA services.
The best practices for working with a VA.
How you manage the time zone difference if your VA is in the Philippines.
Why it’s so important to consider communication styles when matching clients to VAs.
How to overcome the struggles of letting go and trusting someone else with an aspect of your business.
How Valerie maintains her stamina and stays energized and encouraged.
Valerie’s definition of success and how this has changed over the years.

Links Mentioned in Today’s Episode:

Valerie Shirah

The Streamline Team

Valerie Shirah on Facebook

Passive Income Through Multifamily Real Estate Facebook Group

Charles Dobens on Twitter

Peter Pomeroy Email

Episode #270: How To Be an Investor, Not a Spectator with Charles Dobens Nov 28, 2022

Show notes

It is time to understand what it means to actively own and walk the process of having units, not just use your investments as boasting rights and career leverage. Charles Dobens, a multi-family investor, explains how he successfully built a law practice, why felt drawn to create a coaching program, and how the 2008 financial crisis paved the way for his journey. Having started his career in investment at the very bottom, Charles recalls the struggles, successes, and failures that got him to where he is today. He gives advice on how to retain your investors and manage brokers, why every business requires capital, and some free (but very useful!) coaching tips. If this episode doesn’t inspire you to start taking action, get hustling, and stop being a spectator, nothing will!

Key Points From This Episode:

How Charles began investing in multifamily units.
Why he ended up studying at law school.
When he decided it was time to start investing in property (and how he did it!).
The lessons Charles learned with his first investments.
Why and how you can take action.
‘Go big or go home’ is not for everyone.
How to think about the market right now.
The difference between being an investor and a spectator.
The impact of the 2008 financial crisis.
Why you need to understand sales and marketing.
Noticeable attributes or characteristics of successful investors.
Advice for a person who is a GP (General Partner) with only one or two deals.

Links Mentioned in Today’s Episode:

Charles Dobens on LinkedIn

MultiFamily OS

Offered

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #269: What Sales Can Teach Us About Multi-Family Real Estate with Jeff Davis Nov 21, 2022

Show notes

When the financial crash hit in 2008, it was a huge shock for the country. Similarly, the COVID-19 pandemic was an unanticipated (and unprecedented) event, the effects of which continue to be felt by the entire global economy. The current economic downturn that we are experiencing, however, is somewhat different as it is something that has been predicted for months, giving us more time to adapt and strategize. No one is more aware of this than today’s guest, Jeff Davis, whose work for a global logistics firm has given him unique insight into how changes in global supply and demand are impacting the global economy. We chat with Jeff about his history in sales, why passive income through multifamily real estate doesn’t need a hard sell, and what he has learned from investing in real estate. Jeff also shares his resistance to social media and how he found an assistant that could help him put his business out there. To learn more about Jeff's career and how he is achieving his goals, make sure you tune in today!

Key Points From This Episode:

Introducing today’s guest, Jeff Davis, owner of Bridgestone Capital.
How the 2008 financial crisis compelled Jeff to venture into real estate.
The role of cash flow and appreciation in the real estate business.
The difference between 2008 and the current economic downturn.
Learn about Jeff’s work at a global supply chain logistics company.
Jeff’s insights into global supply and demand during the COVID-19 pandemic.
Why there has been a delay in inflation caused by the COVID-19 pandemic.
Learn about Jeff’s company, Bridgestone Capital.
What Jeff looks for in an operating partner.
Jeff’s advice to aspiring capital advisors.
Why Jeff considers salespeople to be his target investors.
Why Jeff struggles with incorporating social media into his business.
How Jeff found a virtual assistant (VA) to help him elevate his social media.
The amount of money Jeff raised during his last deal.
How much Jeff wants to be able to raise on a deal-by-deal basis in the next three years.
The role that Jeff’s Christian faith has played in the context of his business.

Links Mentioned in Today’s Episode:

Jeff Davis on LinkedIn

Bridgestone Capital

Online Jobs.ph

Multifamily Advice

Passive Income Through Multifamily Real Estate Facebook Group