MB430: The Four Biggest Mistakes To Avoid As A New Real Estate Investor

SHOW NOTES

Are you interested in achieving financial independence through real estate investing? Do you want to learn how to leverage your sphere of influence to raise capital effectively?

In this episode of Financial Freedom with Real Estate Investing, Michael Blank sits down with Jeremy LeMere to discuss successful strategies for raising capital, overcoming the fear of deal-making, and avoiding common mistakes in multifamily investing.

Jeremy LeMere, a seasoned mentor in apartment building investing, shares his insights from mentoring students over the past four years and emphasizes the importance of being “deal ready.” This episode is a must-listen for anyone looking to accelerate their success in real estate investing through education, team-building, and practical knowledge.

Listen in as Michael Blank and Jeremy LeMere provide valuable tips on how to establish credibility with brokers, educate investors, and ensure your first deal leads to many more opportunities.

Key Takeaways:

**Raising Capital Made Easy**

– Start with your sphere of influence and ask for referrals.

– High-net-worth individuals and IRA investors are often looking for alternative investments.

– Educate investors on cash-on-cash returns, tax advantages, and IRA investing.

**Commitment and Support**

– A recommended 5 hours per week can set you up for success in real estate investing.

– Involvement from family may be necessary, and the process can lead to quitting your day job after your first successful deal.

**Leveraging a Team and Educating Yourself**

– Essential to understand the language and process of deal-making.

– Building a team and engaging with brokers and investors through insider language.

– Investing in education can prepare you to be deal-ready in 30-60 days.

**Avoiding Common Mistakes**

– Stay clear of relying solely on MLS or LoopNet for deals; build relationships with brokers for off-market opportunities.

– Build a complete and experienced team, and follow a proven system.

**Actionable Strategies**

– Use a sample deal package to engage potential investors and address objections.

– Host webinars to educate potential investors.

– Develop clarity in your financial goals and leverage mentoring programs like Michael Blank’s Deal Maker Blueprint.

**Practical Insights**

– Pick a market large enough to sustain deal flow.

– Understand the fundamental inputs and financial model for deal analysis.

– Work closely with experienced property managers and lenders for accurate projections.

**Capital Raising Focus**

– Solve investors' problems like market volatility, taxes on capital gains, and lack of cash flow, rather than just seeking funds.

**Tools for Success**

– Consider enrolling in the Apartments 101 Masterclass to close your first deal in as little as 180 days.

– Recommended to maintain a runway of $60,000 savings to provide confidence in quitting your job and taking the leap into full-time investing.

For more insights and to schedule a clarity session, visit michaelblank.com. Gain the tools and confidence you need to succeed in real estate investing.

**Connect with Jeremy LeMere:**

– Direct email: [Provide email if available]

– Navigator Wealth Fund: navwf.com

Engage with the podcast and become part of a community dedicated to achieving financial freedom through real estate investing.

**Useful Resources:**

– Michael Blank's Deal Maker Blueprint: https://courses.themichaelblank.com/bundles/deal-maker-certification

– Apartments 101 Masterclass: apartments101.co

– Clarity Session Booking: https://call.themichaelblank.com/clarity

Join Michael and Jeremy on this enlightening episode to learn how to take the next steps toward financial independence through multifamily real estate investing.