By Accelerated Real Estate Investor Podcast
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The podcast currently has 576 episodes available.
About the Guest(s):
Josh: A seasoned multifamily real estate investor and the host of the Forever Passive Income Maverick Mastermind, Partnering, and Coaching Program and Accelerated Real Estate Investor Podcast. With decades of experience in the industry, Josh has successfully invested in numerous multifamily properties and has a deep understanding of the ins and outs of the market.
Episode Summary:In this episode, Josh Cantwell discusses the importance of building a strong network of professionals in the real estate industry. He emphasizes the need to connect with commercial real estate brokers, CPAs, property management companies, contractors, and other key players in order to succeed in the business. Josh shares his own experiences and provides valuable insights on how to find and network with these professionals. He also highlights the significance of scale and the importance of raising capital to expand one's real estate portfolio.
"The real estate brokers all know each other. And you know what? In the commercial world, because there's a lot less deals and the deals are so much bigger. The real estate brokers all know each." - Josh Cantwell
"Your CPA should do tax planning. So as you get into Q four right now, it's September. So when you get into October, your CPA better be calling you and suggesting that you have a year-end tax planning meeting." - Josh Cantwell
"The property management companies are already aligned with the real estate attorneys that can do all the notices that can do all the evictions." - Josh Cantwell
Resources:
Apply for coaching here https://bit.ly/2N7ivRm
Episode Summary:
In this episode, Josh discusses the nine commandments of multifamily investing. He emphasizes the importance of investing for immediate cash flow and highlights the concept of the "promote" in syndication deals. Josh also shares insights on securing long-term debt, having adequate cash reserves, and the significance of location in real estate investments. He concludes by stressing the need for multiple exit strategies and always getting paid when buying a property.
Key Takeaways:
Invest for immediate cash flow, focusing on generating income in the present rather than relying solely on long-term appreciation.
Be all in for 70% of the future value of the property to ensure a favorable return on investment.
Secure long-term debt with minimal prepayment penalties to avoid potential financial risks.
Maintain adequate cash reserves to cover expenses and unforeseen circumstances.
Partner with experienced operators to increase the chances of success and navigate complex deals.
Choose locations in the Midwest, South, and Southeast for stable and landlord-friendly markets.
Have multiple exit strategies to adapt to changing market conditions and maximize returns.
Always negotiate an acquisition fee to compensate for the time and effort spent on finding and analyzing deals.
Notable Quotes:
"Invest for immediate cash flow. Make sure you know when your deal will cash flow."
"Be all in for 70% of the future value. That's the sweet spot."
"Secure long-term debt with minimal prepayment penalties. You want to keep that loan on your books."
"Have adequate cash reserves. You want to have six months' worth of expenses in reserve."
"Partner with experienced operators. They can help you win deals and navigate complex transactions."
"Choose locations wisely. The Midwest, South, and Southeast offer stable and landlord-friendly markets."
"Have multiple exit strategies. Don't rely on just one plan."
"Always negotiate an acquisition fee. You deserve to be compensated for finding a good deal."
Resources:
Maverick Multifamily Mastermind
Forever Passive Income Podcast
About the Guest(s):
About the Guest(s):
In this episode, Josh discusses the different types of apartment syndications, focusing on value-add properties. He explains that value-add deals involve buildings that are not fully stabilized and have rents below market value. These properties require cosmetic updates, such as painting and flooring, but do not require major structural work. Josh emphasizes that value-add properties are typically located in B and C class markets, which offer great potential for growth. He also briefly touches on turnkey cash flow deals, which are properties that are already at market value and do not require significant renovations.
Lastly, he mentions deep construction or distressed properties, which are not recommended for newer investors due to the high level of renovation and the need for bridge financing.
Notable Quotes:
Value-add properties are typically located in B and C class markets, which offer great potential for growth.
Turnkey cash flow deals are properties that are already at market value and do not require significant renovations.
Deep construction or distressed properties require extensive renovations and are not recommended for newer investors.
"Value add means the building is not stabilized, the rents are below market value, and it needs just cosmetic updates." - Josh
"Turnkey cash flow deals are great if you have a 1031 exchange or limited partners with a longer time horizon." - Josh
"Deep construction or distressed properties require a highly capable contractor and bridge financing." - Josh
Josh's Website
Fannie Mae
Freddie Mac
HUD
Key Takeaways:Notable Quotes:Resources:
Tony Gillingham is a seasoned real estate investor with over 35 years of experience in the industry. He started his journey in 1986 when he obtained his real estate license and began buying duplexes and single-family homes. Over the years, Tony built a portfolio of properties, including a 14-unit townhouse complex in Mylan, Ohio. He is also the owner of a trailer park and several duplexes and single-family homes. Tony joined Josh Cantwell's mastermind program in 2021, which has helped him expand his real estate knowledge and achieve even greater success in the industry.
About the Guest(s):
About the Guest(s):
Pete Turner is a real estate investor and retired military serviceman. He developed an interest in real estate at a young age but put it on hold due to his partner's reservations. Years later, after retiring from the military, Pete purchased a four-unit townhouse in Rhode Island, which replaced his national guard income. This success sparked his passion for real estate, and he continued to invest in properties. Pete met his current wife, Katrina, at a real estate investment seminar in Rhode Island, and they now operate Capital Turners together.
In this episode, Pete Turner shares his real estate journey and how he found success in the industry. He discusses his initial interest in real estate, the challenges he faced, and the pivotal moment when he closed on a property on the same day as his retirement from the military. Pete emphasizes the importance of taking action and shares his experience with Josh's coaching program. He highlights the value of attending calls, participating in challenges, and utilizing the program's documentation. Pete also offers advice for those considering joining the program and shares his top book recommendations for mindset and goal-setting.
Key Take aways:
Pete Turner's real estate journey began with an interest in investing at a young age, but he put it on hold due to his partner's reservations.
After retiring from the military, Pete purchased a four-unit townhouse in Rhode Island, which replaced his national guard income and sparked his passion for real estate.
Pete and his wife, Katrina, operate Capital Turners together and have invested in traditional multifamily properties.
Pete found Josh's coaching program through the podcast and was drawn to the engaging content, success stories, and the opportunity to participate as a couple.
Taking action is crucial in real estate investing, and Pete encourages participants to attend calls, complete challenges, and utilize the program's documentation.
"Success leaves clues. Josh's program and all the documentation make it very easy to repeat success." - Pete Turner
"If you want to take some action and you want some actionable steps and you want to be around people doing it, then join the program." - Pete Turner
Episode Summary:Key Takeaways:Notable Quotes:Resources:Capital Turners website: capitalturners.com
About the Guest(s):Bruce is a seasoned real estate investor with over 13 years of experience in the industry. He is the co-founder of Cypress Venture Group, a real estate investment company based in Akron, Ohio. Bruce started his real estate journey in 2009 during the housing market crash and has since built a portfolio of rental properties. He partnered with his business partner, Cos Vasilatos, in 2018 to expand their real estate ventures. Bruce and Cos have diversified their investments by venturing into multifamily properties and storage facilities. With a focus on the northeast Ohio region, Bruce and his team are constantly looking for new opportunities to grow their portfolio.
Episode Summary:In this episode of the Accelerated Real Estate Investment podcast, Bruce shares his real estate journey and how he transitioned from single-family properties to multifamily and storage facilities. He discusses the importance of having a business partner and the value of joining a mastermind program like the one led by Josh Cantwell. Bruce emphasizes the need for networking, creating a website, and utilizing social media platforms to expand one's reach in the real estate industry. He also highlights the significance of continuous learning and staying up-to-date with market trends.
Key Takeaways:- Partnering with someone who complements your skills and expertise is crucial in real estate investing.- Joining a mastermind program can provide valuable education, networking opportunities, and accountability.- Building a strong online presence through a website and social media platforms is essential for attracting investors and expanding one's network.- Networking and attending meetups can lead to valuable connections and potential investment opportunities.- Continuous learning and staying informed about market trends are key to success in the real estate industry.
Notable Quotes:- "You need a partner. This is not a solo operation. I could never do a 66-unit apartment building on my own without Kaz. I know Kaz couldn't do it without me. So you need partners." - Bruce- "Listen to your partners, and if you join the group, listen to what Josh is saying. We've been with Josh for two and a half years, and I think we're always learning something new." - Bruce- "Get a website, join a meetup group, or start your own meetup group. That's super important. Network, network, network. Call all your friends." -
Resources:- Cypress Venture Group - [Website](https://www.cypressventuregroup.com/)-
The podcast currently has 576 episodes available.
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