In true American Dream fashion, Michael Beeman’s story exemplifies just that. Motivated with needing to provide for his family of seven children on just a corporate salary of $60k, he wanted to do more than just make ends meet. Michael started cutting firewood to generate an additional income stream and while doing so immersed himself in listening to countless multifamily podcasts and real estate audiobooks. While his splitting firewood business brought in an additional $15k a year, Michael decided he was ready to make the leap into real estate investing. 

With $12k to his name to invest, he turned to his mother and best friend to see if they were interested in working with him to start looking for his first deal. His mother and best friend contributed $20k. Then Michael was able to invest in his first deal and he has been acquiring multifamily units ever since with a current portfolio of 136 units. 

On this episode of Multifamily Real Estate Investments with Don and Eden, Michael shares the details of his current projects, how to find the right deal at the right time, and discussing the importance of networking to develop key relationships for future business partnerships. Michael describes how his passion for real estate investing paired with his resourcefulness helped him find his first breakthrough deal and overcoming the challenges he faced along the way. Listen in for a remarkable story of Michael starting a side-hustle of splitting firewood into real estate investing with a portfolio worth seven-figures in less than two years!

Highlights: 

Michael’s beginnings in Real Estate Investing

Key Tips for Acquiring Multi-Family Units

How to Find the Right Deal 

How to Stay Open-Minded when forming Partnerships 

Ways to Analyze the Current Market and Anticipate 

The Importance of Networking and Building Relationships

 

Connect with Michael

#: 217-508-8185

 

----------------------------------------------------------Transcription  

Hey, guys welcome to the show. Today we're going to host Mr. Michael Beeman. I'm very excited to have him here because his story is truly exceptional. Michael was able to educate himself in real estate through podcasts and books. And two years later his portfolio is worth a little bit over three million dollars which is phenomenal. So without further ado let's welcome Michael 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. 

Hey, Michael welcome to the show. How's everything today. Oh, everything is going well. How are you? I'm good, I'm good. I can't complain. How is your day so far? 

It's going good. You know talking to some business partners talking to some possible investors looking at deals; always grinding. That's the key to success though. Honestly, I'm very excited to have you here today on our show because your story is a story that a lot of people could relate to as you know you started with a big family and you were splitting wood the last time I checked I kind of listened to your story in a different podcast. This story was so special that I wanted to have you on my show as well and see how you could change your whole life from one direction to the other with real estate. So, first of all, how about you tell us a little bit about yourself so my audience here would know this story as much as I do. 

Well back in early 2016, I was going through bankruptcy from a previous marriage where I had agreed to take on more debt than I actually could handle, but    I also got custody of my kids We met and we had three kids each and we have a very large family. And I was making 60 grand a year and she had to stay home with the kids because we had very young ones. Obviously, a newborn plus you know seven children altogether between doctor's visits and everything else it made working for her almost im

Today’s guest is a professor, author, active investor & developer, Richard Peiser. He’s a Michael D. Spear Professor of Real Estate Development at Harvard University, founded the Advanced Management Development Program and the university-wide Real Estate Academic Initiative. He has written a best selling book, Professional Real Estate Development: The ULI Guide to the Business.

Richard will give us some insight on his beginning stages in real estate, his biggest project thus far, and current projects in the works. He also discusses developing new towns and the executive program at Harvard for real estate professionals.

 

Highlights:

 

*Richards’s start in the Real Estate World

 

*Current projects

 

*Reducing crime through Real Estate Development

 

*Insights on New Towns

 

*Harvard’s Executive Program

 

Contact Richard:

Our guest today will feature the author of ‘MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom’ - Mitch Stephen. He’s a self-taught real estate entrepreneur, author and has bought many properties throughout the years with different strategies. Mitch writes about his life story where he describes everything from his childhood, his success and failures, his trials in tribulations in the real estate world and his personal life, and how he ultimately persevered to attain a level of success that he hadn't envisioned.

In today’s episode, he’ll discuss his “forever money” play, how to learn to make the right deal for you, the importance of finding where You fit in and why finding a mentor will save you tons of time and money. He learned the importance of asking for what you want and how starting with a few things will get the ball rolling. Most of all, he is an example of how to follow your heart, your dreams and to never give up on yourself.

 

Highlights:

 

*Mitch’s turning point during business school.

 

*Explains the art of Owner Financing.

 

*Importance of working with a business coach/ mentor.

 

*Mitch touches upon his successes, his failures, everything in between and he has worked through it all to end up where he is now.

 

*Mitch discusses his books and how he wrote it from the heart.

 

Resources:

www.1000houses.com

Today’s episode will feature one of the most knowledgeable commercial real estate brokers and dear friend of ours, Todd Cohen. We will discuss the importance of building a relationship between the investor and the real estate broker, opportunity zones and some other interesting things about real estate.

 

Brokers play an important role in commercial real estate because they are constantly talking to sellers which can lead them to provide insight on deals that are on and off the market. As an investor, you want to look at as many deals as possible in order to find the golden deal that is right for you. This is important because you want to keep your deal flow alive and brokers are able to provide you with deals to look at constantly.

 

Todd has been in the real estate industry for the past 25 years and for the past 10 years has taken part in the advisory role and owns his own brokerage firm, TCC Advisors, LLC. He has vast knowledge on the market all over the state of Florida and Nationwide.

 

Highlights:

 

*Todd’s background and how he started in the wonderful world of real estate.

 

*The importance of building meaningful and lasting relationships between investor and broker.

 

*What’s an opportunity zone and why it’s a good thing in today’s market?

 

*Do’s and Dont’s when dealing with a broker.

 

*Todd’s move to South Florida and finding his place in the corporate world.

 

*The beginnings of an Entrepreneur and building his brokerage firm.

 

Connect with Todd:

786-385-9478

 

Resources:

http://tccadvisors.com/

Garrett Sutton

 

Today’s guest is a corporate attorney, asset protection expert and best selling author based in Reno, Nevada, Mr. Garrett Sutton. He has assisted entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals for more than 30 years.  He’s a Rich Dad Poor Dad advisor and has written several books for the series among them, Start Your Own Corporation and Loopholes of Real Estate.

 

One of the most important players on your team should be a strong real estate attorney and I cannot think of a better candidate than somebody who worked closely with Robert Kiyosaki somebody I admire personally.

 

Highlights:

 

*Insurance Loopholes on an LLC.

 

*Local vs Not Local Attorney on your team.

 

*What is Asset Protection?

 

*Garrett’s background to writing his books.

 

*Traveling around the world with Robert Kiyosaki sharing their knowledge.

Contact Garrett:

800-600-1760

 

Resources:

www.corporatedirect.com

The importance of conducting your due diligence before jumping into a deal can save you a lot of heartache and money. It’s important to take all necessary steps to ensure you have reviewed, verified and then double checked all your necessary details to ensure everything is in order.

 

In life, you live & you learn and that’s what Brian Hennessey did with motivation and persistence. He is the author of the “The Due Diligence Handbook for Commercial Real Estate", which is the number one bestseller for commercial real estate on Amazon. Brian wrote the manual for himself and never even thought of selling one copy. Brian has been investing in commercial real estate for the past 30 years and he's one of the most experienced syndicators and investors out there.

 

Highlights:

 

*Brian’s real estate beginnings & his first deal.

 

*Important items to look out for during the due diligence period.

 

*Brian’s thoughts on outsourcing initial underwriting.

 

*Advice for Multifamily Investors.

 

*His thoughts on the current Apartment Building Real Estate Market.

 

*Brian’s book- an investor’s manual to keep handy and refer to when entering a new deal to make sure nothing falls through the cracks. Cross all your T’s and Dot all your I’s.

 

Connect with Brian:

(818) 371-0311

 

Resources:

www.impactcoachingsystems.com  

www.impactcoachingsystems.com/courses

Kevin Tacher. Learn about the most critical of all team members - The Title Company - with Kevin Tacher.

Working with a title company that has the same mindset of investors is crucial for the success of your business. But how do you find the right title company to work with?

Kevin Tacher is the owner of Independence Title also known as The Title King of South Florida. Tacher started his career with no money or knowledge but sheer determination, motivation, and desire to succeed. At one point he was in $750,000 in debt and managed to turn this around and create a mega title company that is known for its investor-friendly traits. Kevin teaches young investors about the major role of the title company in their real estate investment business.

Today Kevin will join us and tell us about his 20-year career in real estate title, and we will also talk about his most recent book “Rescue your Business” that debuted the beginning of the year. 

 

Highlights:

 

* Kevin’s transition from a firefighter to a full-time real estate title company owner.

 

* Advice for young investors who are trying full-time to get into the real estate business.

 

* How important mindset is in the process of becoming a real estate investor.

 

* The state of the residential market in the beginning of 2019.

 

* Kevin’s new book - which talks about the plan and strategies you need to take when starting your own business.

 

*Do’s and don’t in real estate.

 

Connect with Kevin: [email protected]

Resources: https://titlerate.com/home