Commercial Real Estate Investing with Don and Eden

Andy Vaughan from an early age knew that he wanted to attain financial freedom as an adult. After working in the insurance industry for about 25 years, he knew he wanted to make some new changes in his life and decided to start investing in real estate. From his connections in the insurance industry, he noticed he had quite a few high net-worth clients that were interested in investing in real estate but had no desire to be a landlord. So he transitioned to helping those connections/clients to invest in multi-family units to generate passive income. 

 

In this episode of Multifamily Real Estate Investments with Don and Eden, Andy discusses everything that happened since that decision to transition into real estate took place in 2016. Andy also shares his strategies behind the number of units he typically looks for to invest in. He will also go over his take on the Southeast real estate market, where he primarily invests and the outlook for the current market today. 

 

Highlights: 

Andy’s Beginnings in Real Estate 

Southeast Current Market

How He Helps Investors Create Passive Income

Number Of Units He Typically Looks For In A Deal  

Current Projects and Future Outlook

 

How to Connect with Andy

Website: backnineinvestors.com 

Email: [email protected] 

Phone #: 318- 614-0681

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Transcription 

Hey guys. Today I'm going to host real estate investor and syndicator Andy Vaughan. Andy was working in the insurance industry, but wanted to make a few changes in his life and decided to start investing in real estate. Today we're going to discuss everything that has happened since that decision took place back in late 2016. What I like about this episode is that it is very inspirational in regards to the fact that Andy had no experience whatsoever in real estate, but his persistence and determination paid out. So stay tuned and let's get started. 

Welcome to the Real Estate Investing Podcast With Don And Eden, where we cover all aspects of real estate investing with special attention to multifamily apartment buildings and off-market strategies. 

Hello Andy and welcome to the show. Thanks. Glad to be here. All right, tell us about your day. What are you up to?

Well, I'm in sunny Louisiana. Hot, humid Sunny Louisiana in August. So it's very uncomfortable outside, but yes it's at least clear here - you should see the weather in Florida. I mean we've had a lot of rain, but fortunately, there are no hurricanes at all. I'm not going to be surprised if there is one on the way. Yes, so tell us a little bit about your real estate background; how you got exposed to real estate in your story so the audience here can get to know you a little bit. 

Well probably like many people I mean I just, through the years all going back to college were always interested in real estate interested in things that could produce. Some people call it passive income and some people call it residual income, but always intrigued with the business itself in general, and I can't dunk a basketball or write a song or sing a song, so I figured I needed to find another way to produce that. Also, the two things that made sense to me in college was insurance, real estate, and background golf. I played on the golf team in high school and college and then worked at golf courses. I would see these grown men there in the middle of the day at the golf course and being inquisitive I would always ask them, what kind of career did they have that allowed them to do that? So the vast majority of those guys were either in insurance, real estate, or sales of some sort. So that's what, being the deep soul that I am has wanted to play golf all day, when I'm in my 40s, so that's what got me interested in it. So it started going down the road, I guess back in 1993, I graduated from college, got in the insurance business, and then insured business now for 26 years. However, as far as real estate, I was one of those

After a strong career as a civil engineer, Hawaiian native, Lane Kawaoka, decided to kiss corporate America goodbye and turn towards a stronger long term wealth plan - investing in single and multifamily units. After purchasing his first property in Seattle, Lane quickly realized what he needed to do to bring better cash flow to his strategy and invested in eleven different single-family units is not as large cities, such as Birmingham, Alabama, and Indianapolis, Indiana. Lane has a different business model where he focuses primarily on getting the money for the deal, and this way he joins on the GP side of the syndication. 

In this episode of Multifamily Real Estate Investments with Don and Eden, Lane dives into how he conducts business all over the country - investing in multifamily units in different regions of the United States and more specifically how he anticipates what the markets are like so he can find a good deal. From there he will detail his unique business model of finding deals that no one else is really putting into practice and why it generates such great success for him and his partners. Lane also talks about why he thinks self-storage units and mobile home parks are a great start to investing in real estate and why he is focused on that for his investment future. At the end of this episode, Don also records an outro that explains how the entire syndication process works.

 

Highlights: 

Lane’s Beginnings In Real Estate 

His Unusual Business Model 

How He Analyzes Markets Throughout Us

Why He Believes Mobile Home Parks Are A Great Investment  

Current Projects And Future Outlook

 

How to Connect with Lane

 

SimplePassiveCashFlow.com

Simple Passive Cashflow Podcast with Lane Kawaoka 

 

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TRANSCRIPTION

 

Hey guys, today I'm going to interview Lane Kawaoka - a real estate investor from Hawaii and he is also syndicating deals. What I like about him is that he's going to educate us on a different way of making passive income from multi-family and other real estate's syndications without ever finding the deal, but only finding the money. Now I realize not all of my listeners are really educated as far as the syndication process and how it works. So I decided to add a small part at the end of the interview, at the end of this episode really, to kind of educate you guys about the process so that you would know exactly what we're talking about because these are some critical advice that he gives and I really want everybody to understand. So I hope you guys are excited and stay tuned. 

Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey, Lane Welcome to the show. Thanks for having me, Don. Yeah. So how's the weather in Hawaii? 

Perfect as normal little hot, but not complaining. 

So I live in Florida and that's where I want to live. But right now as it's the summer here it’s not that pleasant, there's a lot of rain, hurricanes, the Internet is bad. I'm pretty sure you're having a better time than I am the other day or just in the office all day long looking at deals. 

You're so right about that. So how about you tell us a little bit about yourself. For our audience to be able to get to know you a little bit. 

Yes. I used to be an engineer, graduated from college in 2007, but none of my family was in real estate. They thought that the tenants would just rip the house. So I kind of grew up on this linear path that goes to school, study hard, get a good job, yeah engineer of all things and work for 40-50 years and maybe retire, but that kind of changed for me when I started to work as a construction supervisor and my first job out of college. The job kind of sucked. I didn't like it at all. I was traveling all the time, but I got paid a pretty good salary   80-90 grand a year wasn't bad. And I was able

Danny Randazzo is a man of many trades. With over half a decade of financial consulting experience advising multi-billion-dollar companies, Danny and his wife, Caitlyn, also a highly successful entrepreneur, sought out a future where they didn’t need to trade time for money anymore. Thus they invested everything they had and bought a commercial building and continued to grow their real estate portfolio eventually partnering with two other business professionals to form the company they now operate today which currently holds a $146 million portfolio value.  

 

On this episode of Multifamily Real Estate Investments with Don and Eden, Danny and Don discuss the importance of a partnership both in personal life and business. Danny will also talk about raising money, finding good deals in today's market and some off-market strategies. 

 

Highlights: 

Danny’s Beginnings in Real Estate 

His Partnership with Caitlyn

How His Business Partnership Was Formed

How They Find Deals

Why They Use Brokers To Typically Find Their Deals  

Current Projects and Monetary Goals

 

How to Connect with Danny

DannyRandazzo.com

PassiveInvesting.com 

 

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TRANSCRIPTION

 

Hey, guys welcome to the show. Today I am going to interview real estate syndicator and entrepreneur, Danny Randazzo. Danny and I will discuss the importance of a partnership both in personal life and business. We will also talk about raising money, finding good deals in today's market and some off-market strategies. Stay tuned because this one is very powerful. 

 

Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hey Danny, welcome to the show. Don, thank you so much for having me on, I appreciate being here with your followers, the audience and just participating with what you and Eden have going on-I’m happy to be apart of it, thank you again.    

 

Of course. So tell us a little bit about your day. What did you do today? What does your day look like?

 

The first thing I do in the morning is I go for a walk with my dog George. Today we had a little bit later of a start I had a very busy weekend and I was catching up on sleep. Usually, I'm out of the house by about six o'clock in the morning and we're out walking. Today we got started at about 7:30 am. So a little bit behind schedule, but we got our walk and my wife Caitlin joined us on our walk. I use that time to mentally prepare for the day and figure out the major activities that I need to get done for the morning ahead. I try to plan my schedule where eight o'clock until noon. I do the things that I need to get done and then I use the time from 1 to 5 o'clock in the afternoon to follow up with people or reach out and make phone calls and things like that. And so that's been a good thing for me to be productive. And it allows me to focus on cleaning out my emails following up on any sort of deal information or underwriting and things like that as a priority when I'm at my absolute best which is in the morning. I learned an interesting tidbit the other day that the male setup is to have the peak performance, usually, we're peaking in the morning from 6:00 a.m. until noon and so I've kind of taken that to heart and really built my schedule around when my physiology and also body feels the best. 

 

That's a great idea. Actually, my partner even says the same and he's really a morning person and I'm not really a morning person, but I'm trying to become a morning person because recently I started to go to sleep much earlier and then I figured out that I'm so much more productive in the morning. So I know you guys are living in South Carolina? 

 

Correct. Yep. 

 

My wife and I live in Charleston, South Carolina and that is where you primarily invest in real estate or you're investing all over the United States. 

 

We invest prim

As an immigrant from Denmark 23 years ago, Jens had no prior real estate investing knowledge. Yet, in only four years he has managed to acquire 82 units and has been growing his business ever since. Having lived all over the United States, Jens held many successful corporate positions yet, when the Dot.Com bubble burst in 2008, he knew he had to do a little rethinking of what he envisioned for his long term wealth. That vision included investing in multifamily real estate. Eager to learn more, Jens started educating himself on any type of book, podcast, or article he could find to learn more about the craft of investing in real estate. Once he began putting this knowledge into action, he found to have great success and is looking forward to his future continuing to invest in multifamily units. 

 

In this episode of Multifamily Real Estate Investments with Don and Eden, Jens details his start into real estate, his marketing methods for finding deals, and his advice for how to jump into the commercial real estate world. More specifically, he also shares the types of units he buys and what types of deals he looks for. 

 

Highlights: 

Jens’ Beginnings in Real Estate 

Marketing Strategy for Finding Sellers

Why Jens choose to invest in Multifamily units  

Current Projects

 

How to Connect with Jens

OpenDoorsCapital.com

Schedule a Call with Jens

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TRANSCRIPTION

 

Hey guys. My guest today is Jens Nielsen and he's a real estate investor who came to this country from Denmark 23 years ago without any knowledge or any experience. Now he's in control of 82 units and all that happened in the past four years. So, let's hear more about it. 

 

Welcome to the Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hello! How are you doing today? I'm doing great. Don, how are you? I'm doing just fine. I'm glad to have you on the show today. Tell us a little bit about your day. What do you typically do?

 

How does your routine look? Well, I get up early in the morning like 5:00 and spend some time setting the tone for the day. Do a little bit of yoga and meditation, some readings, some journaling just kind of a miracle warning start, set the tone for the day and make sure I know what my goals are and make sure I start with purpose not just roll out of bed and run to run out of the door. So that's kind of how I start every day. 

 

Yeah, I talk to a lot of people and then I notice a lot of growth and investors they do that- they wake up early in the morning even though we don't have to do that. But we do it. So a lot of people start their day with reading and personally I always say it on the show- I like doing a lot of reading. So what are you reading typically when you wake up in the morning? Something either a business book or something inspirational. 

 

I'm reading a book it's older but it's ‘How to Network with the Wealthy’ something I can’t remember the exact title but just how do you provide value to investors or partners and so forth. So that's interesting. It’s an interesting concept, adding value to the people you're connected versus taking from them. 

 

Ok. So first of all, that's a very interesting book and you can be sure that after the show I'm going to ask for that headline and we're going to add that to the podcast. We're always trying to give people recommendations. And so there's that and also kind of for our audience. Could you tell us a little bit about your real estate career? How did you get started and what are you currently working on? 

 

Yeah. And maybe it's a step back and man just like you I have a little bit of an accent maybe mine is slightly less pronounced because I've been in the US for Twenty three years now. I was born and raised in Denmark and at a young age moved to London, England in my early 20s and then on to

It’s no secret that Tim Bratz is a real estate workhorse. Starting out as a commercial real estate broker in NYC, Tim first immersed himself in the business, quickly learning the ins and outs of real estate. Over the past decade, he went from flipping homes and wholesaling to transitioning his business primarily into the multi-family realm and has never looked back. Managing a team that has over 2,500 units currently under control, Tim has managed to, in a short period of time master multi-family commercial real estate investing. As a mentor and active investor, Tim’s “Keep it Simple” approach is one that he puts into play with his very own business transactions every time proving that his methodologies work. 

 

On this episode of Multifamily Real Estate Investments with Don and Eden, Tim dives into his unique approach to investing and the lessons he learned along the way perfecting his business strategies. He also discusses what his typical deal size is, how he finds motivated sellers, and what his number one strategy is for conducting business in commercial real estate is, “Keep It Simple.”

 Highlights: 

Tim’s Beginnings in Real Estate 

Average Deal Size for Tim 

Why he Choose to Move into Commercial Real Estate 

How Tim Finds Motivated Sellers 

Current Projects

How to Connect with Tim

LegacyWealthShow.com

LegacyWealthShow Podcast

CommercialEmpire.com - For Training

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TRANSCRIPTION

 

Hey guys. This is your host Eden today. Me and Don are going to interview one of the biggest investors on the show to date. Tim Bratz team has over twenty-five hundred units under control and he's about to purchase four other projects in the next month. 

 

Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hey Tim, welcome to the show. Don and Eden excited to be here. Thanks for having me guys. Thank you. Thank you. Tell us a little about your day. How's it going so far. 

 

It's going, man. Been in meetings all morning working on opening up an investment fund and launching that in the next 30 days here so we're really really excited. And I got a bunch of deals closing next week actually 648 units amongst four different properties. So we're pretty busy. 

 

Yeah I know you're a busy man and I'm so happy and grateful that you actually got on the show on a Monday morning. 

 

Yeah I know typically because Mondays are always so crazy in the office we all have that. I actually do my team meetings on Tuesdays now just to give everybody a day to catch up over the weekend get updates on all the projects all the properties and that way they can come prepared on Tuesday morning. 

 

So Mondays worked for me bud. Yes, that's great. So Tim for our audience tell us just a little bit about your real estate background how you got into real estate and what are you currently doing. Yeah yeah sure. 

 

So I mean high level I started paying attention to real estate when the market was going gangbusters last time remember 03 to 07. If you had a pulse you could make money in real estate and I was going through college then and realized I wanted to be involved in real estate so I was money motivated guy back then and had like a painting company in the summer where I employed a bunch of my buddies, we'd go around paint houses and then I worked for- interned for one of the largest homebuilders in the entire country. And my brother was living in New York City at the time. I'm from Cleveland Ohio. 

 

And my brother said Hey come on out live with me and get a job out here in New York after you graduate. So moved to New York City became a commercial real estate agent and I brokered a deal that was 400 square feet in Greenwich Village of Manhattan and I signed a lease with a tenant for the landlord front for square feet was ten thousand dollars per month on a 12-y

Bryan Chavis, the bestselling author of “Buy It. Rent It. Profit” is highly regarded as one of the leading experts in the multifamily field having spent the last two decades learning from the ground up what it takes to invest in multifamily units. Being in property management himself, and working in all areas of multifamily, his unique perspective has allowed him to find great success in real estate - and lending valuable insight to his peers as a professional speaker, author, and business coach. Being able to see the business from a different perspective than most investors today in the field, Bryan’s refreshing take and step by step methodologies truly show how to build long-term wealth. 

 

On this episode of Multifamily Real Estate Investments with Don and Eden, Bryan discusses his start in the real estate industry and how technology has made a vast difference. He also will explain the five phases of stabilizing a property and the details for scoping out the right property. His steps for how to create wealth as a syndicator are revolutionary and powerful for anyone looking to conduct business in real estate. If you are an entrepreneur seeking insight that is sure to bring results then this is the podcast episode for you. 

 

Highlights: 

Bryan’s Beginnings in Real Estate 

Five Phases of Stabilizing a Property

What to look for in a Potential Property Manager 

Why Multifamily Units are Personal to Invest In 

Current Projects

 

How to Connect with Bryan:

BryanChavis.com 

BryanChavis.com/youtube

ChavisCapitalRE.com

AllisonsAlligator.com - Nathan (Bryan’s Day One)

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Transcription

Hey, guys today I'm interviewing Brian Chavis, the author of the book Buy it. Rent it. Profit! Brian is a very successful multifamily real estate investor and syndicator. He's also considered to be a leader when it comes to multifamily investing. What I think is so special about him is that he started his career as a property manager and that's why his insights are always on point since he had seen this business through its core. So let's get started. 

 

Welcome to the Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hey Brian, welcome to the show. Thanks for having me. Good to be here. 

 

So I've been wanting to have you on the show ever since I was listening to you in a different podcast. And I got to say that you're one of the experts that I've ever listened to when it comes to multifamily management and you're a very renowned speaker. The first thing I want us to do is, tell us a little bit about yourself and what you've been doing in the past year and what you're doing right now. 

 

Oh, awesome. I'll be glad to. My background as is the multifamily industry I got started in this industry well over a decade ago - probably push closer to two decades now but first got into this industry just leasing. I started leasing apartments worked my way up from leasing into management to acquisition specialist. So really I've been around the multi-family industry from day one. I think when you were saying and I greatly appreciate the feedback that you heard me on other podcasts and gravitated toward my style or my brand I think that comes from really just living this and doing this for so long.  there's a lot of syndicators and there's a lot of outstanding guys out there getting involved with my multifamily. A lot of experts now offering classes in educational content which is awesome. I love it. We welcome it and I admire all those guys but very few have started like I have, which was almost 20 years ago leasing, management and working their way up through the multi-family industry a lot of them got in as syndicators and been blessed to have the opportunities to be able to raise money coming from other positions or jobs and creating these real estate investment firms w

Back in 2006, Aaron was a pharmacist who decided to dive into the real estate market and start investing. He bought a townhouse at the top of the market and realized that he could make more of a profit renting then just solely owning it. Once 2009 rolled around, he knew there were major opportunities to be had and started investing in real estate all over the country. As an “accidental investor”, Aaron now holds his real estate license and is more excited than ever to continue doing business in real estate while also maintaining his pharmacy career.

 

On this episode of Multifamily Real Estate Investments with Don and Eden, Aaron shares how he stumbled upon real estate in 2006, now thirteen years later concluded his first real estate syndication and is in control of 29 units. He also will dive a little deeper into how he just completed a six-unit syndication deal in Pittsburgh, Pennsylvania and how exactly he found the property and raised the funds to invest. These step by step examples are sure to impress and enlighten you on how to get started in the real estate business.  

  

Highlights: 

Aaron’s Beginnings in Real Estate 

What he looks for in a solid deal 

Key Lessons Learned 

Why he is a Pharmacist and Real Estate Investor

Current Projects

 

How to Connect with Aaron

Email: [email protected] 

Bigger Pockets- Aaron Howell  

Blacklickcapital.com 

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TRANSCRIPTION

 

Hello everyone, my guest today is Aaron Howell who stumbled upon real estate accidentally back in 2006. Now 13 years later he concluded his first real estate syndication deal and is currently in control of 29 units. Let's hear more about how all this happened. 

 

Welcome to the Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hey, Aaron welcome to the show. How are you doing today? Great. How are you?

 

I'm doing just fine. I'm doing just fine. So tell us a little bit about your day. How does it look like? 

 

Well, I get up early. I take the car in for service. That was done in about an hour and 15 minutes. I stopped by fellow investors business for a few minutes to chitchat. I'm home for the rest of the day and I don't have any plans. Might take the dog for a walk later and maybe take a nap. 

 

So it sounds like you're semi-retired. 

 

I am a part-time pharmacist these days. I just got my real estate license so I have access to the MLS now. And you know I'm a part-time investor so I've got a lot of stuff going on but nothing overwhelming at this point. 

 

Yeah. So I already know a lot about you. And so that's why I want to ask you about your real estate career for our audience so they would know as much as I know about you. So how about you tell us a little more about that. 

 

Sure sure. Well, I got started sort of as an accidental investor. I had bought a townhouse in 2006, kind of at the top of the market. 

 

I think there was one neighbor who paid maybe even more for their townhouse than I paid for mine. By 2009 the market had tanked. I had kind of outgrown the property so I knew I needed to move into a larger property and I kind of moved outside of the city. I thought ‘oh you know I'll sell my townhouse yet should be no problem.’ You know ended up leaving it for about a year. The prices kept dropping off and dropping my realtor at the time said hey you know you ever thought about renting it. 

 

So yeah at this point I probably need to you know a month or two later we had a tenant move in and I think that's kind of within the light bulb initially clicked. You know the tenant paying the mortgage was way better than me paying it. And then a year or two later I made a trip to California and Nevada to do some mountain climbing. And my mom mentioned you know get some real estate information while you're out there. Newspapers and flyers and stuff that you can get it like gas stations

Episode 10:

Have you ever thought about truly achieving the financial independence you’ve always wanted in order to provide a better future for yourself and your family? Are you seeking a strategy that is effective when buying and holding real estate? Then today’s episode will provide great insight for you. 

After a hefty career in sales, Michael Zuber decided he needed to find a better alternative than the intense grind of a sales career and focus on building his future. One that allowed for a better work-life balance and less anxiety. This led him to start investing in rental properties and outsourcing property management so he could generate an income on the side while also keeping his traditional career. His ‘going against the grain’ methodologies have proven very successful for his real estate investments and today he is excited to share with you exactly why. 

On this episode of Multifamily Real Estate Investments with Don and Eden, Michael, the author of One Rental At A Time, shares his in-depth strategy and plans that he implemented for buying and holding real estate in order to generate enough income for him to live a much better-balanced life. Michael shares his take on the current real estate market, his advice for investing in the right deal at the right time, and his business model he applies to invest in the smaller 15-20 units. 

 

Highlights: 

Michael’s Beginnings in Real Estate 

Why he typically invests in the smaller 5-20 units

How he views the current real estate market

Current Projects

 

How to Connect with Michael

One Rental At a Time- YouTube Channel Michael Zuber 

One Rental At a Time Book Available on Amazon

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TRANSCRIPTION

 

Hey guys, today I’m hosting Michael Zuber - as you know every investor likes to do things a little different. So Michael is investing in multi-family apartments but he's after the smaller ones typically between five and 20 units. 

Today I want to realize why and more importantly how. 

Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 Hey Michael, welcome to our show. 

 Hey hey, thank you for having me. This is going to be a lot of fun. 

I hope you guys are excited because today we have a very special guest. So, Michael, you've been specializing at 5 to 20 multifamily units and you've been doing that for 15 years. Am I correct? 

Yes. I was a busy technology worker worked in sales and realized that it is a very hard career to do for a long time. So I worked very hard during the day saved my money and bought multi-family properties which ultimately allowed me to leave the rat race and quit my job at a relatively young age and left at forty-five. So it is absolutely possible to leave your job because of buy and hold rental properties. 

That's great. So you've been going against the advice of all the gurus which is to quit your job and your W-2 so that you can focus primarily on real estate investing. So I mean a lot of people say that you've got to quit your job if you want to do it because otherwise, it's really hard to focus on two things simultaneously. So, for me I mean I'm hearing it's either you really loved your job right or you are very good at doing things simultaneously. 

Well, I think it's actually probably a third option if we're honest with ourselves right. I think that Guru message that hustle and grind that message is really tailored to I'll just call it the people younger than me right. So I'm in my 40s just for comparison sake. That's a message that college students folks right out of college or high school students love to hear right. So I think when gurus are pushing that message they're saying something frankly because they want to get a little bit of your money for some course or video or something. Yeah. You know my point of reference was I was

Episode 9: Discussing Current Strategies for Investing in Commercial Real Estate with Paul Moore

After graduating with an engineering degree and then an MBA Paul Moore decided to enter the business world working at Ford Motor Company. After a few years, he departed to start working with a partner who was interested in real estate investing just as he himself was. Three successful developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, led him into the commercial multifamily arena. 

On this episode of Multifamily Real Estate Investments with Don and Eden, Paul shares his strategies behind the steps he took to develop and successfully execute his real estate projects, and his reasoning for what lead him to move into the self-storage development area after being in multi-family units. 

Highlights: 

Paul’s Beginnings in Real Estate 

Past Deals with Multi-Family and Commercial Real Estate 

Why Paul invests in Self-Storage and Mobile Home Parks 

Benefits of Self-Storage and Mobile Home Park Investing 

Current Projects

Connect with Paul

https://www.wellingscapital.com

Bigger Pockets- Paul Moore

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TRANSCRIPTION: 

 

Hey, guys, this is Don your host and today my guest is Paul Moore. Paul is one of the people that influenced me the most as I heard him talk over a different podcast a few years back and that was when I decided to actually make the move from residential investing to commercial real estate and what I like about Paul is that it feels like he's always one step ahead of everybody else. And after finishing the interview with him I decided to record this intro a little differently because I was really blown away from the more practical things we've talked about towards the last third of this episode. So I don't want anybody to miss out on that. We're going to talk about amazing value eight strategies in different asset classes so stay tuned and I hope you guys are excited. Let's get started. 

Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey Paul, welcome to the show. Hey, it's great to be here. Thanks, Don. 

Ok, so I got to say personally that you're one of the guests that I am excited to have the most on my show. And that's because listening to you on a podcast I can't remember which one exactly because it was a long time ago was what actually made me decide to do the transition from residential real estate to commercial real estate. And the reason for that is because I heard you talk about commercial real estate and you were so passionate about it. Well yeah. You were so excited about it that I was like wow well this man talks about this as if this is the best thing ever so I got to check it out. And so I hope you know this makes you feel good that you have an impact on people. 

Absolutely I am really honored to hear you say that Don. Thank you so much. 

Of course, of course, well you deserve any kind word. And what I'm so excited about is that really when I heard you talk then I could hear that you're an expert. You're really somebody that knows what you're talking about. So how about you tell our audience a little bit about who you are, what you do and what's your what is your main focus right now. 

Okay great. Well I got an engineering degree which was a big mistake because I didn't know who I was, what I wanted to do and I went out and got an MBA back in the mid 80s and went to Ford Motor Company for five years and then I just really loved Ford- still do, but just had an entrepreneurial bug and so I quit Ford, my buddy, and I started our own company and we just hit the timing just perfect. You know Bill Gates said, “the problem with early success is it makes people feel like that they're smarter than they are.” And I think that

Fresh out of business college and a yearning desire to be an entrepreneur, Joseph Reyes sought a life of more than being confined to a 9-5 corporate position. He knew from his drive and high ambitions that he wanted to start involving himself in real estate - he just needed to start on the path to get there. From working in the restaurant business and as an Uber driver, Joseph temporarily took unconventional jobs that he knew would work around his schedule to spend his spare time on educating himself in the real estate wholesale business and looking for his first deal. Ultimately, through cold calling, driving for dollars and perseverance, Joseph came across his first deal and with the assistance of Don, was able to drastically change his life. Today, Joseph is one of Don’s most successful students and they have managed to generate over 90k worth of assignments in the past three months together.

On this episode of Multifamily Real Estate Investments with Don and Eden, Joseph shares his ability to generate solid leads through driving for dollars, cold calling, Don’s ability to guide him through the steps and use his connections to find cash buyers for his deals. Joseph also discusses with Don, the importance of having a mentor and why you should partner up with local established players when you are at the beginning of anything you're going to do in real estate if it's wholesale or if it's real estate syndication and multi-family.

Highlights: 

Joseph’s Beginnings in Real Estate Wholesale 

How Joseph and Don Crossed Paths

Why You Need A Mentor 

How to Pick the Right Mentor 

Current Projects- 5 Year Outlook 

 

Connect with Joseph

#: 954-940-2366

[email protected] 

 

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TRANSCRIPTION:

Hello everybody. Welcome to the show. Today's episode is going to be a little bit different. I have Joseph Reyes here with me. Joseph is one of my students in my local market here in South Florida. And I've been teaching him the secrets of real estate wholesale which I'm still very much active in today despite being involved in commercial real estate and syndications. Joseph is one of my most successful students and we have managed to generate over ninety thousand worth of assignments in the past three months together. And the reason we've been successful is Joseph's ability to generate solid leads through driving for dollars and cold calling and our ability to guide him through the steps and use our connections to find cash buyers for his deals. So it's critical to be able to partner up with local established players when you are at the beginning of anything you're going to do in real estate if it's risky at wholesale or if it's real estate syndication and multi-family. So let's welcome Joseph to the show.

Welcome to the Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies.

Hello, Joseph, I'm so happy to have you here. Welcome to the show. I appreciate you having me on. Thank you. Of course of course. Well, you deserve it. If there's anyone that deserves it, it's probably you. So tell us a little bit about your day and what you've been doing today?

Today I have been cold calling driving for dollar leads and doing follow-ups, always grinding - so let me ask you this.

We have obviously had a relationship and we know each other very well for our audience. Tell us a little bit about your background and when did you decide to get into real estate.

So I was a finance major at the University of Florida. I was doing really well. I had my dreams of working in hedge funds and corporate America and just financial services. And after I graduated I was looking for that nice corporate gig. Kind of gets my foot in the door. Finally got a corporate gig and I was getting paid pretty well for about two years. It was really cool living, but I wasn't satisfied because I w