The Real Estate Way to Wealth and Freedom Podcast
So why multifamily investing? Let’s take a look at the business model in a very simple way.
As a multifamily investor, you borrow other people’s money to buy a property. You hire a property manager to manage the property. The tenants pay the debt for you, and the extra money left over goes in your pocket.
Talk about leverage! You’re leveraging other people’s time, money, and resources! But this doesn’t mean you’re the only one winning in this game. When done correctly, everyone wins.
Daniel Roca a real estate and finance professional with a diverse background. Throughout his career he’s had the experience of looking at business opportunities from different perspectives: firstly as a corporate lawyer, then as a corporate lender and lastly as real estate lending professional. He is currently employed at Zeus Mortgage Bank, a Houston-based mortgage and crowdfunding provider of home-equity loans and mortgages to individual consumers. The Houston Business Journal and Inc. magazine placed Zeus Mortgage Bank on the list of the fastest-growing companies in the United States.
First to develop your strategy, you need to identify what your goals are. Do you want passive income? Do you want to build a business that you operate on a day-to-day basis?
Once you determine your goals, you can build a strategy that will get you to those goals.
Before entering the multifamily investment arena, Dr. Robbins owned a number of companies including multiple medical practices, a coffee shop, a 1,500 member gym, and a number of real estate investments. These real estate investments included a small apartment complex, a 32,000 square foot retail shopping center which houses his medical practice, and a number of single family properties. Dr. Robbins received a congressional nomination to attend West Point Military Academy but his lifelong passion for baseball led him to accept a collegiate baseball scholarship. He and his wife Anita live on a farm in South Central Virginia where they have raised 10 children including 8 that were adopted. Dr. Robbins is now fully committed to helping others reach their financial goals using the Wellings Capital multifamily wealth generation platform.
Knowing the market you invest in is critical. There are a lot of things you can change with a property – you can paint it, fix it up, convert it to a different use, etc. The only thing you can’t do is change the location. You can’t pick that property up and follow a market condition, or jobs, or population growth. That’s why knowing your market is so important.
Michael Blank is a serial entrepreneur. He has a Master’s Degree in Computer Science and spent several years working for larger companies including AOL, Michael joined a software startup and was involved with a taking the company public. Michael then opened up a number of pizza restaurants, before he finally started investing in apartment building. Michael and his asset management partners control over $58 million of real estate assets. Michael is a passionate coach who loves to help people do their first deal. He’s also the host of the popular Apartment Investing Podcast.
All you need to be a successful real estate investor is passion and the willingness to learn. Today I’m going to share the best resources you can use to educate yourself. In today’s age, there are endless resources at your fingertips. I’m going to share some podcasts and books that will accelerate your learning curve, by learning from others.
Garrett Sutton is an attorney, best-selling author and one of Robert Kiyosaki’s Rich Dad Advisors. A clear and engaging writer, Garrett demystifies legal topics and presents them in a very understandable and accessible manner.
Getting started investing in real estate can sound daunting. There are so many things to consider – location, property type, loan products, dealing with tenants, etc. Just one of these things is enough to deter most people from ever getting started investing.
I’m going to tell you the easiest and best way I know to get started investing in real estate. That is buy a fourplex!
Steven Rinaldi owns a law firm in Maryland where he concentrates on business law matters and intellectual property matters since 2005. Prior to 2005 he was software licensing attorney for Mercury Interactive. He also was the Associate General Counsel of the American Bankers Association, and was responsible for all business agreements for a $30 million dollar a year division of the Association.
"This podcast offers a great perspective for people who are just getting started in real estate investing. I HIGHLY recommend it!"
- Nathan B.
"Don't pass this podcast up! I was unsure about adding another podcast to my library, but this one has proven to be invaluable in my investing journey!"
- Ernest D.
La Porte, Texas
"I've tried my hand at stocks, and let's just say it didn't go as well as I planned. This podcast has helped me realize the multiple benefits of real estate investing. I just wish I would have started sooner!"
- Jonathan C.