Partnerships are one of the most pivotal aspects of real estate investing, and having good partnerships can make or break your career. This is what Sam Newell will talk about in this episode. Sam is a real estate investor, top-producing broker, fly fisherman, and family man. Sam’s passion lies in income-producing real estate. While attending Brigham Young University studying Construction Management, Sam successfully started his own real estate flipping and long-term holding company.  As an investor and licensed realtor, Sam has bought and sold, and participated in over 100MM+ in real estate transactions over the past 9 years. From flipping small homes to developing $35mm fourplex complexes, to buying large apartment communities, Sam has vast experience and expertise that has not only benefited his family and partners but many loyal investor clients as well.  Personally, Sam has never made less than a 20% ROI on real estate investments, this is possible through careful planning, research, and execution (and admittedly a little luck and timing). Integrity and expertise are most important to Sam when working with clients and partnerships.

In this episode, Sam talks about the significance of having good partnerships in real estate. He shares its importance in real estate investing by talking about his own experiences and stories. Sam also shares his thoughts on the current state of multifamily investing in the country and why learning how to underwrite deals early in your journey is such a huge key to success. Join us and listen in!

[00:01 – 07:26] Opening Segment

• Welcoming Sam to the show
• Sam shares his background
• How he got into real estate investing
• Getting his license
• Flipping houses
• Getting into multifamily

[07:27 – 25:37] Starting in Real Estate and Jumping into Multifamily

• Sam talks about his first deal
• His goal entering the real estate industry
• House hacking
• Transitioning from single-family to multifamily
• The scalability of multifamily
• Educating himself
• Jumping into syndications
• Why they require the same amount of work
• Why people lost properties during the 2008 recession
• Sam’s baseline occupancy rate for a good deal

[25:38 – 43:15] Owning a Hotel During a Pandemic: How It Turned Out

• How multifamily is performing during the pandemic
• Sam tells a story about the hotel they bought in New Mexico
• Transforming the hotel
• The advantage of multifamily vs. hotels
• Low occupancy during a pandemic
• Using the hotel as a quarantine facility

[43:16 – 56:13] Great Partnerships: Why They’re Important

• Sam on dealing with bad partnerships
• Picking the right partners
• The importance of honesty
• The long term positive impact of having the right partners
• Why it’s important to learn how to underwrite deals early

[56:14 – 01:07:03] Consider This Advice If You’re Starting Out in Real Estate

• Sam’s advice for those starting out in real estate
• Find a mentor
• Learn how to underwrite deals
• Sam shares the 3 tiers of upside
• How long Sam’s syndications typically are

[01:07:04 – 01:08:46] Closing Segment

• How you can connect with Sam
• Closing words

Tweetable Quotes:

“At the end of the day, you can know people well, but under stress or when there's money comes involved, people can make poor decisions, they can make dishonest decisions.” - Sam Newell

“The best way to get started in syndication is finding deals. If you're the guy that really wants to get started guy or girl that wants to get started, go find good deals and learn how to underwrite them.” - Sam Newell

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