Here’s Why To Focus Like a Laser On Your First Deal
I want to talk to you today about the importance of focusing on doing your first deal.
You may have ultimate end-goals like quitting your job, working for yourself, securing your retirement or leaving a legacy for your children. In order to accomplish those goals with apartment buildings, you might determine that you need to own 100 units (or whatever the number).
Those are good and worthwhile goals, and they’re important. But if you’re just starting out on your journey, then you need an interim goal, something you can focus on, something you think you can achieve and something that opens the door to bigger things.
The one interim goal I’m talking about is to focus on your first deal.
MB 116: Reawakening, Reinvention & Opportunities in Commercial Real Estate – With Alan Schnur
Alan Schnur was away on a business trip during 9/11. He lost 40 of his 44 team members that day, but he gained the drive for continuous growth and think-big mindset that informs his real estate career. Alan joins me to share his incredible journey from single family rehabs to multifamily syndication to retail acquisitions.
MB 114: The Ten Commandments of Negotation – With Stefan Aarnio
Every human interaction is a negotiation. Stefan Aarnio joins me to walk us through his ten commandments of negotiation, from the importance of gathering information before you make an offer to establishing clear goals going into a real estate negotiation. Learn to make people work for concessions, get what you want—and get out!
MB 112: Scaling Up from a Duplex to 2,700 Multifamily Units – With Ivan Barratt
The journey to 10K units starts with a single step! Ivan Barratt joins me to explain how he went from a duplex to 2,700 units and $100M in assets under management. Listen in for the game changers that helped Ivan scale and learn how ‘the little things’ can prepare you for a career in multifamily.
MB 110: Conservative Underwriting & Risk-Management in Multifamily Investing – With Omar Khan
Conservative underwriting is the key to a safe multifamily investment. But how can you tell if the numbers are too aggressive? Omar Khan joins me to explain what to watch out for in terms of revenue growth, reserves, loan terms and exit strategy. Listen in for insight on leveraging a sensitivity analysis to mitigate risk.
MB 108: Analyzing 100 Multifamily Deals to Find the ONE – With Andrew Cushman
Are you willing to analyze 100 deals to find ONE good one? Andrew Cushman sits down with me to discuss his first deal, a 92-unit property in Macon, Georgia, and share what he learned about vetting investors and estimating renovation costs. Listen in to understand why finding a good deal is challenging—but not impossible!
MB 103: Accelerate Your Real Estate Success with a High-Level Network – With Mike Hambright
Mike Hambright firmly believes that meaningful conversations with high-level investors can take your real estate game to the next level. He joins me to discuss his transition from the corporate world to full-time real estate, the resources available on his FlipNerd platform, and strategies for building your network.
MB 101: Living the ‘Sunsets and Palm Trees’ Lifestyle with Multifamily – With Corey Peterson
Want to save ten years or so and get right to the financial freedom part of real estate investing? Corey Peterson joins me to explain how he fell into the ‘hustle and grind’ of fix and flips for many years before finally making the transition to multifamily—and why you should skip that step!
MB 098: Impact Investing to Change People’s Lives Where They Live – With Eddie Lorin
As multifamily investors, we sometimes forget that real people live in our apartments. Veteran investor Eddie Lorin joins me to explain the concept of impact investing. Listen in for his approach to taking care of working class tenants where they live, creating a sense of community so that renters stay, pay and refer their friends!
MB 097: Marketing, Lead Generation, and Requiring Your Own Success – Michael Quarles
What is secret sauce that makes a person successful? Accomplished real estate investor Michael Quarles says that you must REQUIRE yourself to take action every day in order to achieve. Listen in for Michael’s high-level strategies for lead generation, his criteria for choosing a market, and his ‘taste the caviar’ challenge for aspiring multifamily investors.