The Investor Mindset - Name Your Number Show [$]

Latest Episodes:

E129: The Power of Partnerships - Steven Pesavento Jul 06, 2020

Show notes

The power of partnerships. This week we're focusing on the power of partnerships and how they can lead to better risk weighted returns for your investment.

We ask: Why are partnerships important? How can they make a difference? And how can they impact your life as an investor?

Jump into this quick blast of free education on how you can create and improve your investing partnerships which will ultimately result in higher returns!

KEY TAKEAWAYS

1. Partner with someone who has a great track record, unique abilities that you don't have and strengths that compliment your weaknesses.

2. Someone with a track record and experience is going to foresee challenges arising and be able to steer you to safety during your investment.

3. Look for a diverse set of strengths in a partnership team and understand who is playing which role.

4. By creating a solid team partnership you're able to drastically reduce execution risk.

LINKS

Learn more about investing with Steven at https://theinvestormindset.com/invest

Join InvestorMindset.com for more!

E128: Avoiding Beginner Mistakes & Mastering Multifamily - Gino Barbaro Jul 02, 2020

Show notes

Gino Barbaro is an investor, business owner, author and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right.

He is the best-selling author of two books, Wheelbarrow Profits and Family, Food and the Friars, and graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.

KEY TAKEAWAYS

1. You have to look at everything from the investor's mindset. That means utilizing leverage, liquidity and control.

2. Start with the "Why?". If you have reasons and clarity they will reap rewards.

3. When you're managing a property you need to be in constant contact with the management company. Weekly calls and "pulse" emails containing KPIs.

4. Every property should have it's own management budget.

5. What are your core values? Use these when hiring staff, using vendors and working with partners.

6. You need to know the market. Know the expenses, taxes and operating costs.

7. Speak with community bankers and property managers to learn about the market and gain knowledge on the market and costs.

8. It's a "people business". Tenants leave due to bad customer service and bad landlords... not rent increases.

9. Turn into that fear and head into it, despite having it.

10. Challenge your limiting beliefs.

BOOKS

Limitless by Jim Quick - https://www.limitlessbook.com/

The Go-Giver by Bob Burg - https://www.amazon.com/Go-Giver-Expanded-Little-Powerful-Business/dp/1591848288

Never Lose a Customer Again by Joey Coleman - https://www.amazon.com/Never-Lose-Customer-Again-Lifelong/dp/0735220034

Think and Grow Rich by Napoleon Hill - https://www.amazon.com/Think-Grow-Rich-Napoleon-Hill/dp/0449214923

Honeybee by Jake and Gino - https://jakeandgino.com/honeybee/

LINKS

https://jakeandgino.com/

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E127: Single Family vs Multifamily Part 4: Speed to Scale & Ability to Increase Value Jun 29, 2020

Show notes

When we talk about single family, we're talking about anything in the residential space, typically anything under five units, and multifamily refers to over 100 units or more. This week we're wrapping up our 4 part series on single family vs multi family and diving into: the benefits of single and multifamily, how these asset classes are valued and how quickly you can scale up your portfolio.

KEY TAKEAWAYS

1. Commercial property is based on NOI (Net Operating Income) which is net operating income minus expenses. You can increase the value of the property by decreasing expenses or increasing the income of the property.

2. If you decrease the expenses of a commercial property by $1 at a capitalization rate of 5% then the value of that property goes up by $20 by every $1 earnt or saved.

3. Capitalization Rate - The annual rate of return on a commercial property bought with 100% cash. Example: A 5 cap equals a 5% return.

4. You must focus on due diligence. It can be harder to carry out proper due diligence on a single family property and just buy a commercial block.

5. With single family you can renovate a property and sell it to a homeowner who will pay the highest price, plus you can manage the property to your liking.

6. If you're looking for control, then go the single family route. If you want to be a passive investor, then go the multi family route.

LINKS

Learn more about investing with Steven at

https://theinvestormindset.com/invest

Join InvestorMindset.com for more!

E126: Buying Directly from Seller in Commercial Multifamily - Tim Bratz Jun 25, 2020

Show notes

Tim Bratz, founder of Legacy Wealth Holdings, was drawn to real estate because he saw the long term benefits of a solid investment. Tim began his career in the competitive New York City real estate market working as a broker leasing ground floor retail units. Here, he saw the true potential of real estate to transform lives.

Although Tim was limited in means, he spent his time reading, attending workshops, and networking with accomplished entrepreneurs learning that being resourceful was the ultimate path to becoming successful. Today, Tim still uses this formula for success, which all starts with being resourceful and having the right mindset.

KEY TAKEAWAYS

1. You can find deals by contacting sellers via direct mail, dialing for dollars and face to face.

2. Commercial real estate avoids emotional conversation you might have with single family.

3. Don't try to force a deal. If people want to sell, they will sell.

4. Find deals with owners who really need to sell: Smart entrepreneurs and mature owners.

5. Success boils down to happiness and, more importantly, helping others achieve success.

BOOKS

Twelve Pillars by Jim Rohn - https://amzn.to/2Yb0oRN

Magician Vs. Mule: The Ultimate Guide to Lifestyle, Wealth, and Freedom by Mark Evans - https://amzn.to/2Y9VJiG

LINKS

https://www.facebook.com/CommercialEmpire/

https://www.instagram.com/timbratz

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E125: Single Family Vs Multifamily Part 3: Pro’s and Con’s of Liquid Investments - Steven Pesavento Jun 22, 2020

Show notes

This week we're diving into part 3 of our Single Family VS Multifamily mini series and asking: What are the benefits of Liquidity in an investment?

There are some clear pro’s and con’s to each. Yet what’s most important is being clear upfront which one is right for you. Maybe you want to step off the rollercoaster of emotion and invest in an asset for the long term or perhaps it’s more important that you can sell quickly. All this and more covered in episode 125!

KEY TAKEAWAYS

1. Single family is more liquid because it sells faster than multifamily

2. If you need to free up cash quickly then single family is for you

4. Multifamily is a more stable investment because it can't be sold quickly in a panic.

5. Removing the emotional component is key - so knowing yourself & your goals first will help you reach success

6. Trust operators with your investment. They only get paid if you do!

LINKS

Learn more about investing with Steven at https://theinvestormindset.com/invest

Join InvestorMindset.com for more!

E124: How to Find Your Niche - Cris Chico Jun 18, 2020

Show notes

How can you find your niche? Our special guest Cris Chico provides some inspirational advice on how we can find what we naturally excel at and use that unique ability to become who we want to be and what we want to be. He also takes us through how he became so successful in the virtual real estate niche. This is an inspiring episode that you don’t want to miss!

BOOKS:

The Ultimate Sales Letter - Dan kennedy

https://www.amazon.com/Ultimate-Sales-Letter-Attract-Customers/dp/1440511411

LINKS:

https://crischico.com/

https://www.youtube.com/user/flipanywhere

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E123: Single Family vs Multifamily Part 2: Management + Diversification - Steven Pesavento Jun 15, 2020

Show notes

In this episode we’re going to be looking at income streams, the ability to diversify and some of the benefits of management within each of these types of assets classes.

Do you have the time to self manage? What are the 3 key ways to find diversification when investing? What's the upside of one building, with one maintenance team and one type of finish? All these questions answered and more on episode 123!

Learn more about investing with Steven at https://theinvestormindset.com/invest

Join InvestorMindset.com for more!

E122: Experts You Can Trust: Passive Investing Musts - Matt Faircloth Jun 10, 2020

Show notes

Matt Faircloth has been a full-time investor for 15 years. He is co-founder of the DeRosa Group, a real estate investment company that specializes in buying and renovating residential and commercial properties, and is the author of Amazon best-seller: Raising Private Capital.

Matt and his wife, Liz, started investing in real estate in 2004, and since have extensive expertise in connecting passive investors to lucrative investment opportunities through syndications, private loans and joint ventures. They have completed over $40,000,000 in transactions using private money.

Matt’s driving purpose is the joy and challenge of what it feels like to do his best, as well as his drive to be an inspiration to his kids.

BIG TAKE-AWAYS:

Own who you are - you’re not going to please everyone
Focus. Stay in your lane
You need to know what your “risk tolerance” is
Do your own research! Remember, trust - but verify

RECOMMENDED BOOKS:

Conversations with God - Neale Donald Walsch (https://amzn.to/3cCv0jE)
Raising Private Capital - Matt Faircloth (https://amzn.to/3dUXUMp)

Keystone Habits:

Miracle morning (workout, meditate, journal)
Revisit goals daily
Plan the day everyday

Links:

https://theinvestormindset.com/liz-faircloth/
www.derosagroup.com
Text “Derosa” to 66866

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E121: Single Family VS Multifamily Part 1: Getting Started & Direct Ownership Jun 08, 2020

Show notes

In this episode we define the terminology of "single family" and "multifamily" investing and explore which one is best for you and your unique situation. Jump into this episode with me and let's learn what the cost of direct ownership is and... how you can get started!

Learn more about investing with Steven at https://theinvestormindset.com/invest

BIG TAKE-AWAYS:

Single family is great when you want more control
You can get started much faster with single family investments
If you lack experience then investing in multifamily can be safer

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E120: The BiggerPockets Way of Raising Capital - Brandon Turner Jun 04, 2020

Show notes

Brandon Turner is the founder of Open Door Capital LLC, VP of Marketing for BiggerPockets, and a best-selling real estate author worldwide. Over the past decade, Brandon has established a strong track record investing in multifamily, including apartments and mobile home park assets. In addition to his accomplishments investing and publishing, Brandon is also host of the BiggerPockets podcast, which is the most downloaded real estate podcast in the world.

Brandon achieved financial independence at age 27 and currently resides in Maui with his wife and two children. He has several driving purposes: he started with the ambition to be successful enough that he had the time freedom to be present in every moment in his kids lives, plus have the freedom to travel.

Today his driving purpose is to find happiness through continuing to chase the moving target of success.

Learn more about investing with Steven at https://theinvestormindset.com/invest

BIG TAKE-AWAYS:

Real estate is a hustle business
You MUST have knowledge of your subject in order to raise money
You can be conservative, but you can’t ALWAYS take the most conservative approach
Present yourself (your business / website /etc) the way you want to be received. Pay attention to detail, it matters!
Have a VIVID vision of where you want to be

RECOMMENDED BOOKS: