Ep. 422: Making Hard Decisions with Mark Kenney

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On today's episode we have Mark Kenney from ThinkMultifamily on the show. Mark is a seasoned real estate investor, best-selling author, and founder of ThinkMultifamily. He has been in the industry for over 20 years and has invested in over 2,000 units. He started with nothing and now he runs a massive real estate empire. Want to learn how he did it? Listen in!

 

GETTING STARTED:

"I went to college to become a CPA. When I was a senior I started looking at real estate deals. Got my first accepted offer when I was 21 and my dad talked me out of it. I realized later that no matter how good the deal was it wouldn't be good enough for my dad. He wasn't even an investor but I valued his opinion. After that I started looking for properties without taking my dad with me. I always loved real estate and knew I didn't want to work in the corporate world.

 

WHAT ADVICE CAN YOU GIVE BEGINNERS

"First you need to ask yourself if you're willing to partner with other people. If your're answer is no then you will be limited to what you can do with your own personal net work. But if you're willing to partner with somebody then your possibilities are limitless. At the end of the day if you call a broker and tell them you're new and looking for properties, that's one discussion. But if you have a partner who is already in the industry then that conversation will go a lot differently.

 

WHATS THE BIGGEST LESSON YOU'VE LEARNED

"Unfortunately, be very reluctant in trusting people. Don't give people too much time to prove themselves, especially with a property management company. If they aren't doing what they should be doing, give them some room, but not too much room. At the end of the day it's not about being nice it's about running a business. When you take someone's money in it's even more important. You might have to make those hard decisions, but ultimately it's the right thing to do."

 

 

HOW TO CONTACT MARK:

 

Email: mark@thinkmultifamily.com

Thank you for listening! We hope you got as much value from this interview as we did.

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Ep. 421: Find your zone of genius with Paul David Thompson!

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Paul started investing after leaving the full-time job he had for 17 years and started buying lower-end properties for cash flow. Paul is now buying A-B properties with limited cash flow for appreciation!

Paul’s big focus is on mindset If you focus on the “why” you’ll be able to figure out what!

One of the biggest pieces of advice that Paul could give is to go to your local real estate group, and network yourself!! Do it carefully and with the service to the other person

First! Paul’s focus is now to upgrade his portfolio, keeping a 10- 25 list of houses, And upgrade, for equity!

To get in touch with Paul you can visit www.PaulDavidThompson.com/Reifoundation

Thank you so much Paul for all your value!

Our Sponsor:

Your Capital Partner: Alpha Funding Solutions. 

Backing real estate investors since 2007 providing the best combination of pricing and leverage in the market.

Join our family of 1k plus successful and happy investors. Let our team provide options on you next deal or reach out to discuss your future needs and strategy.

CONNECT OR SUBMIT A DEAL: https://alphafunding.com/JandP/

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Ep. 420: Want Banks BEGGING to Fund Your Next Commercial Deal?! John Matheson Shares His Secret Weapon

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John Matheson Shares His Secret Weapon That Gives YOU the POWER When Talking to Banks!

John Matheson brings over 26 years of experience in developing, permitting, financing, and deal structuring on projects totaling over $50 million. In this episode, John shares how software can be used as a helpful tool to take away some common uncertainties when applying for a commercial loan.

Some of the topics covered:

-How to manage debt properly to prepare for recessions

-Creditable Commercial Lenders and best source for rate and term

-Using technology and software and the role it plays in, not only putting deals together but also taking away the stress and uncertainty of asking the bank for a loan

-What 3 things bankers look at and care about in Commercial Lending (16:50)

-Vetting the deal using the banker's metrics (Taking the guessing and waiting game out of asking for a commercial loan)

-The importance of preparation when applying for a commercial loan

-Asking banks DO YOU WANT TO CONTINUE THE CONVERSATION…YES or NO?

-How software can also help with private equity partners

-Where you can find this software (commercialloansuccess.com/$147 per screener)

-Special offer to viewers

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Ep. 419: Quit STRESSING and WASTING TIME Searching for a Commercial Real Estate Loans! Tim Milazzo Shows Us How!

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Tim Milazzo is the Co-founder and CEO of StackSource, an online platform for Commercial
Real Estate Loans where customers can connect to top commercial mortgage lenders, receive
real loan quotes, and close with confidence. Tim comes from tech giants, Facebook and
Google, where he helped expand B2B marketplaces and ad tech. Years ago he interned at a
top NYC real estate company before the current real estate tech wave. Tim also comes from a
family with history in real estate.

Some topics covered:
-How Tim got started in real estate
-What is StackSource?
-Where Tim got the idea for StackSource
-Who are the best candidates for StackSource and where will you get the best value out of it.
-What data do you need to know in order to get into the StackSource quotation process?
-The advantages of StackSource
-Advice and skills needed for those thinking of starting their own business
-Some hurdles Tim has faced while starting StackSource
-What Tim looks for when hiring employees and how to avoid hiring mistakes.
-What roles did Tim look to fill when hiring first employees?
-What should you do Day 1 when starting a business that you want to have an impact on the
market?
-What is Tim’s WHY?
-Words Tim lives by
-Best way to connect with Tim: www.stacksource.com  or tim@stacksource.com

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Become a member of our Multifamily Foundation Facebook Group Today! 

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For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu 
--------------------------
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Ep. 418: Having Trouble Focusing On Your Goals? Matt Faircloth Shares How Building the Right Team Could Help!

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Matt Faircloth, originally from Baltimore, Maryland, graduated from Virginia Tech with a degree in Engineering. After playing Robert Kiyosaki’s Cash Flow Game, Matt decided to quit his safe and secure job working as an engineer in a Fortune 500 company to become a full time real estate investor. Under Matt’s leadership, DeRosa has completed over $30 million in real estate ransactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt has an extensive expertise in connecting passive investors to lucrative investment opportunities through syndications, private loans and joint ventures. Matt is an active contributor to BiggerPockets.com through Facebook Live, teaching webinars, and blogging. He leads the Mentorship Monday’s series on DeRosa’s YouTube channel where he answers weekly real estate investing questions! Matt also sits on the board of a local nonprofit, volunteers as a trainer for men’s leadership weekends, and enjoys making wine (especially red for his Italian wife!)

Some topics covered:

 

-What, exactly, does Matt do?

-How does Matt keep his focus with all that he does?

-What Matt considers team members?

-What does he look for when doing market research before investing in an area?

-First steps when looking to invest in multifamily properties out of state.

-Matt’s favorite deal/project to-date.

-What Matt is trying to improve upon today?

-Actionable steps a beginner investor can take today.

-Matt’s morning routine

Our Sponsor:

Your Capital Partner: Alpha Funding Solutions. 

Backing real estate investors since 2007 providing the best combination of pricing and leverage in the market.

Join our family of 1k plus successful and happy investors. Let our team provide options on you next deal or reach out to discuss your future needs and strategy.

CONNECT OR SUBMIT A DEAL: https://alphafunding.com/JandP/

--------------------------

🔥🔥Big News Ahead🔥🔥 The Multifamily Foundation Podcast🎙️is Launching in Few Days! 

Become a member of our Multifamily Foundation Facebook Group Today! 

http://bit.ly/32rxtbz

--------------------------
Find Financial Freedom through Investing in Apartment Buildings: https://lnkd.in/gmu8-BR 
For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu 
--------------------------
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Ep. 417: Would You Leave a Job Making 150000 at 25 Years Old Coach Josh Cantwell

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Josh Cantwell is Chief Executive Officer of Strategic Real Estate Coach and Freeland Ventures. A native of Northeast Ohio, Josh graduated from Baldwin Wallace College in 1998 with a Major in Business Administration and a Minor in Communications. Although a full-time student and college athlete, Josh was already driven to succeed in his career. After graduation, he obtained his Series 6, 63, 66 and life and health insurance licenses, and worked as a Financial Advisor from 1997-2004. In 2004, Josh took his knowledge of raising capital and the financial markets and started investing in real estate full time.

He was able to combine his knowledge of Financial Investing with real estate to create a very successful business, which quickly grew. In turn he began training and teaching apprentice partners and students. He founded Strategic Real Estate Coach in 2007, and since then has been involved in 700+ wholesale, rehab, rental, foreclosure, pre-foreclosure and short sale transactions, and taught thousands of investors how to replicate his success. He is the founder of a variety of successful businesses including Freeland Ventures, Strategic Real Estate Coach, and several others. Josh lives in Northeast, Ohio with his wife, Lisa Marie, and three children.

Some topics covered:

-When was the moment Josh decided to go into real estate and why?

-How Josh’s fathered played a role in why he made a change to real estate?

-How did Josh push through the first couple of months when starting out in real estate and how coaching helped him get over the hurdles?

-What’s Josh’s elevator speech when asked what he does?

-Key steps Josh took when he first started and what steps you should take?

-How and when Josh filled roles so he could get his time back?

-How do you break bad habits?

-What does the future look like for Josh’s business, what is he working towards?

-What makes a great operator?

-Is it the market or opportunity or something else that Josh looks at when looking to invest?

-What is Josh’s morning routine?

-Words Josh lives by

-Actionable step a new investor can take today?

-Best way to find out more about Josh and his company: www.joshcantwellcoaching.com  or www.freelandacceleratedfund.com

 

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Become a member of our Multifamily Foundation Facebook Group Today! 

http://bit.ly/32rxtbz

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For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu 
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Ep. 416: What Would You Do If Money Didn’t Matter with Ryan Enk

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Ryan Enk is the Founder of Columbia Real Estate Investment Club, the author of Rolling Real Estate Formula and owner of an RV rental fleet. He has also built two million dollar indoor sports arenas in the New Orleans area. Ryan started his investing journey as a “corporate drone”; selling copiers at Icon Copy Solutions. He left that job in 2007 and today has helped over 100 people live their dreams by earning passive income with real estate. People come to Ryan because he’s already helped multiple people reach six figures in passive income by teaching them how he still invests today. Ryan’s methods demonstrate how to invest your way out of debt, real estate investing strategies, how to pick a strategy that works for you. And the four principles of overcoming the fear of investing.

Some topics covered:

-How did Ryan go from selling copiers to real estate and what made him leave his job?

-What would you do if money didn’t matter?

-How did Ryan choose real estate as a vehicle for income and what was his first experience in

real estate?

-Would Ryan chose to do his learning by doing strategy again when getting started in real estate?

-How did building the indoor sports arenas come about?

-Focus on your true customers

-Ryan tells us more about his journey/doing real estate in phases

-“Know that you don’t know”

-The difference between speculating and investing

-Ryan’s book “7 Day Real Estate Survival Blueprint”

-We ask Ryan why he thinks people don’t take the steps and get started

-What does a Lease Option deal look like/what is the concept?

-What’s next for Ryan?

-What is Ryan’s WHY?

-Ryan gives beginners 1 actionable step to take right now to get started

-Get Ryan’s book 7 Day Real Estate Survival Blueprint at https://www.cashflowdadlife.com/7 or

on Amazon

-Best way to connect with Ryan: support@chasflowdadlife.com or through the book network 

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🔥🔥Big News Ahead🔥🔥 The Multifamily Foundation Podcast🎙️is Launching in Few Days! 

Become a member of our Multifamily Foundation Facebook Group Today! 

http://bit.ly/32rxtbz

--------------------------
Find Financial Freedom through Investing in Apartment Buildings: https://lnkd.in/gmu8-BR 
For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu 
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