Pray As if Everything Depended on God, and Work as Though Everything Depended on Man – St Augustine
In 2007 I went from being a pizza delivery boy to a multi-family real estate agent, and by 2009 became a multi-family investor. As a father of 7 children with 1 on the way (yes I know what causes it) I, like many of you have had to grind and sacrifice my time and my money to be able to provide the lifestyle of my choice for my family. Not to mention being able to serve hundreds of multi-family landlords as personal clients in that same amount of time. Today I share that story.
Two weeks ago I was interviewed on the Wild West Real Estate Podcast and shared more of my personal journey than I ever have in the past.
You can WATCH NOW as we Discuss:
• The Real Estate Market Past & Present
• My Investment Philosophy That Has Led to a 10+% Return on Investment for My Personal Properties
• Wisdom I Have Received From Some of Southern California’s Largest Multi-Family Owners
• Why Cash-Flow is King and Can Be Achieved Regardless of the Economic Cycle
In the middle of a health pandemic, a shifting real estate market, and with tightening lender requirements, can you not only complete a 1031-Exchange, but will you end up in a better financial position?
WATCH NOW as I interview a local apartment investor who just completed his 1031-Exchange 2 weeks ago, and from start to finish it took less than 2 months to complete. More impressive is the fact he found his new property (what we call the up-leg property) in the EXACT neighborhood he wanted (location), for under market value (right price) and increased his total number of units owned (exponential growth). That is how you create a Financial Legacy!
He and I discuss:
1. The exact step-by-step process to his success
2. How to structure a deal in light of the current health pandemic
3. How to be a proactive buyer that sellers want to work with
4. How to pick your team of advisors for the journey
And Much More…
In a rent-controlled world should you go through the energy and the expense of vacating tenants, or should you be happy with the regulated Rent Cap Increases? It depends on your target rental rate and your target tenant clientele.
In this Week’s Video, I give you the financial breakdown of my most recent remodel project which consisted of vacating an entire apartment building! Sounds scary I know, but the payout is HUGE!
This is the final installment in a 4 part series as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how”, fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.
15 Multi-Family Insider Tips for the Changing Market – Part 2 https://www.youtube.com/watch?v=qdznxTFlDxo Today we wrap up answering YOUR Top 15 Questions given the current crisis of trying to manage rental properties amidst the pandemic. For nearly 2 months the way landlords manage their rental properties has been affected, either by the economic fallout of the […]
15 Multi-Family Insider Tips for the Changing Market – Part 1 https://www.youtube.com/watch?v=pS0bICpXuJg Today in Part 1 of our 2 Part Series, we address YOUR Top 15 Questions given the current crisis of trying to manage rental properties amidst the pandemic. For nearly 2 months the way landlords manage their rental properties has been affected, either […]