Our guest on this episode of Journey to Multifamily Millions is Brian Armstrong, the Founder and Managing Partner at Progress Capital Group, a real estate investment firm that offers investments that generate passive income for busy professionals. 

Brian has been investing in multifamily units, and flipping single-family homes since 2012, alongside his 20-year career as a licensed structural engineer working within and outside the US.

In this episode, Brian explains the importance of real estate investments as a key part of a diversified portfolio for passive income, highlighting the major considerations to make when deciding on properties to invest in.   

Episode Topics

• [00:46] Meet today's guest, Brian Armstrong
• [01:33] From "Rich Dad Poor Dad" to single and multifamily real estate. 
• [07:11] Managing real estate risk by diversifying. 
• [13:51] Do you still flip single-family units?
• [15:46] What type of properties are you looking for on the multifamily side? 
• [17:11] What metrics do you look out for in a market you're going into? 
• [24:05] A Red Flag for Investors. 
• [26:23] The myth Brian would like to set straight. 
• [28:19] How Brian defines success. 
• [29:18] Connect with Brian.

Notable Quotes

-        "Recession resistance is a great aspect of real estate… you just have to be willing and know that sometimes it might take a touch longer than you want it to" - [Brian Armstrong] 

-        "I've never seen any deal go hundred percent smoothly where nothing bad happened" - [Tim Little] 

-        "That's what separates the good and the marginal sponsors; it's that they're able to react and pivot in those situations but still keep the deal on track" - [Tim Little] 

-        "The research and work for the passive investor comes on the upfront before any money is invested" - [Brian Armstrong]  

-        "What folks want today in an apartment isn't the same thing that was built fifteen years ago" - [Brian Armstrong] 

-        "Investors should not be shy about asking questions" - [Brian Armstrong] 

-        "You may invest with the person that you know, like, and trust but it is so crucial that you look at the team that they're working with" - [Tim Little]

Resources

"Rich Dad Poor Dad" book by Robert Kiyosaki[01:43] 

Connect with Brian Armstrong 

• Website: www.progresscapitalgroup.com
• LinkedIn: Brian Armstrong, SE [29:27]
• Get Brian's Free eBook: "7 Reasons Savvy Investors Choo

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Episode Summary

Our guest on this episode is Dr. Alex Tam, the founder, and owner of 4 businesses in different fields, including medicine, real estate, staffing, and performance marketing.

Alex is an expert in building businesses from the ground up, motivating teams, and exploiting market opportunities to serve his clients. His company, Zephyr Equity Group has invested in over 500 multifamily units across the US. Realizing the power of delegation, Alex quickly honed in on it, and now helps people train their virtual assistants to master the successful execution of tasks. 

In this episode, Alex discusses how his desire for business growth led him to real estate, highlighting how his recognition of needs in the marketplace developed into the different businesses which he runs today.

Alex also expounds on the importance of work delegation as a pivotal tool accounting for his huge success as an entrepreneur in different fields.   

Episode Topics

• Starting in real estate with Grant Cardone.
• What did you learn as a passive investor? 
• An "aha" moment that proved the profitability of real estate
• Some tax advantages in real estate
• Using virtual assistants to create a balance between different entrepreneurial roles
• A stepwise approach to training virtual assistants
• How would you guide clients into creating the job description for a virtual assistant? 
• Alternative investments using self-directed IRAs
•  A Red Flag Alex warns about
• A myth about this business he would like to set straight
• How Alex views success

Notable Quotes

-        "Vetting of sponsors is crucial just like you would any other investment" - [Tim Little] 

-        "We need to be priming ourselves up to focus on those thousand-dollar-an-hour tasks; the tasks that build our business, not the one that just keeps the wheels on" - [Tim Little] 

-        "What can a Virtual assistant not do?" - [Alex Tam] 

-        "The more you're able to let go and delegate strategically, the better you're going to be able to do in the long run" - [Alex Tam] 

-        "What most people don't know, and this is a huge secret, is that they can actually use self-directed IRAs to invest in real estate" - [Alex Tam]

Resources

“Be Obsessed or Be Average” book by Grant Cardone

“The 10x Rule” book by Grant Cardone

Connect with Alex Tam

• Website: www.zephyrequitygroup.com 
• Phone: 775-717-0090 
• LinkedIn: Dr. Alex Tam

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Our guest today is William "Hollis" Hollis, Founder of the Private Equity Firm, 24 Capital Group, and a successful passive real estate investor. Although Hollis had already known he wanted to do real estate since the age of 7, his career didn't kick off till 2018 when he attended a real estate meetup and got involved with wholesale deals in real estate. 

Looking to scale and expand more into passive income, he shifted to much larger commercial multifamily real estate investments. He has now developed an interest in helping other people to invest in this lucrative asset class of real estate. 

In this episode, Hollis describes his journey from sourcing local real estate deals to investing in commercial multifamily real estate properties for passive income.

He describes the mental barriers that hold people back from exploring the more lucrative larger real estate options which are a huge source of passive income.   

Episode Topics

• Actualizing a childhood real estate dream
• Did you foresee your process of progression through different levels of real estate? 
• The mental block delineating commercial real estate
• Starting the conversation on commercial passive investment opportunities
•  A Red Flag for Investors they should look out for
• A myth that Hollis would like to set straight
• How Hollis defines success

Notable Quotes

-        "If you have a single-family home, you're either 100% occupied or 100% vacant" - [Tim Little] 

-        "10% of something is better than 100% of nothing" - [William Hollis] 

-        "The top 1% in the world all own real estate" - [William Hollis] 

-        "It really does come down to 'How much work do you want to do" - [William Hollis] 

-        "I try never to tell people what to invest in" - [William Hollis] 

-        "Passive investors, know that if you're investing money, you can ask questions" - [Tim Little] 

-        "You need to do due diligence on the people you're investing with; on the deals you're investing in" - [William Hollis] 

-        "The operator's skin in the game is only a small piece of the puzzle that you should look at when considering deal worthiness" - [William Hollis]

Resources

Connect with William Hollis 

·        Website:www.24capitalgroup.com 

·        LinkedIn: William Hollis 

·        Join William to donate $1000 to charity, visit www.link.24capitalgroup/jtm 

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Today's guest is Matt Dunn, the Founder, and owner of Right Move Properties, a real estate investment firm that specializes in the acquisition and leasing of underperforming multifamily assets within Southwest Florida. The goal of the company is to add value through capital improvement and increased overall property efficiency. 

Since starting in real estate in 2017, Matt has grown his portfolio to 142 units worth over 17.8 million dollars. Matt fully quit his W2 in 2020, when cash flow was enough to cover his expenses. 

In this episode, Matt shares his views on different approaches to multifamily real estate investing, notably, Joint Ventures and Syndications. He discusses general factors that played a role in his successful journey as an investor, and how he transitioned to real estate full-time.   

Episode Topics

• [00:45] Meet our guest, Matt Dunn. 
• [01:33] Matt's stepwise approach to real estate by recruiting resources.
• [09:28] Risks in real estate.
• [12:50] Going into a first real estate deal. 
• [15:43] About Matt's Joint Venture Deals; defining his core values & key considerations for JV deals.  
• [19:13] What has been your role in your JV deals? 
• [22:09] Comparing the equity difference in a JV deal to a Syndication. 
• [26:33] Matt's complete transition away from his W2 job to real estate; the importance of coaching. 
• [30:44] A Red Flag for Investors; the absence of underwriting. 
• [32:14] Myth: You need capital to get started; No, add value first. 
• [33:18] Matt's View of success is gratitude, adding value, and consistency. 
• [34:39] Connect with Matt. 

Notable Quotes

-        "It's important that you add value when you're getting started" - [Matt Dunn]

-        "That's a good thing to think about if you getting started; 'where do you fit into a team?" - [Matt Dunn]

-        "I've found that I'll learn a lot more from failure than just reading a book" - [Matt Dunn]

-        "Don't be greedy, don't worry about how much money you're getting paid for that first deal, worry about getting in the deal" - [Tim Little] 

-        "The question you want to be asking potential partners… 'what's your preferred hold period?" - [Matt Dunn]

-        "It's the continuous daily growth that defines your success" - [Matt Dunn]

Resources

Connect with Matt Dunn

• Email: [email protected] 
• Phone:941-504-0548 
• Website:www.rightmoveproperties.net 
• LinkedIn: Matthew Dunn 

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Our guest on this episode of the Journey to Multifamily Millions is Jonathan Tonks, Founder and Managing Partner of Provision Space, a real estate investment firm with a goal to generate passive income for its investors through real estate syndications. 

Jonathan is passionate about developing leaders through business creation, investing in generational wealth, and playing his part to end homelessness. Although his real estate journey started in 2020, Jonathan now owns nearly 300 units worth over 23 million dollars. 

During our discussion, Jonathan describes the intentional process that catalyzed his entry into real estate, identifying factors that played a major role in his early success and his passion for building relationships in real estate.   

Key Points From This Episode:

    🗝️ House Hacking into the real estate space 
    🗝️ Why more people don't think about multifamily real estate 
    🗝️ How Jonathan leverages skills from his engineering career; creativity, tenacity, and connecting with people
    🗝️ Key factors in Jonathan's early success
    🗝️ The red flag Jonathan thinks every investor should look out 
    🗝️ One myth Jonathan would like to set straight
    🗝️ Jonathan's definition of success; Character and Integrity earning respect from close people

 
Notable Quotes

• "It's really hard to be successful in this business if you're not surrounding yourself with like-minded people and people who are smarter and further along than you are" - [Tim Little]
• “I started searching and going to meetups, going to events, meeting real estate professionals, business professionals, and just asking where do you learn to do commercial real estate?" - [Jonathan Tonks]
• "The people that know me the best, respect and trust me the most" - [Jonathan Tonks]
• "Very rarely does success stay static because our goals shouldn't stay static" - [Tim Little]
• “When you go to a conference or you talk with people who have thousands of units, you realize that all these apartment complexes down the street are owned by people no different from me and you.” – [Jonathan Tonks]

Connect with Jonathan Tonks

•Website: www.provisionspace.com
•On LinkedIn: https://www.linkedin.com/in/jonathan-tonks-14b329150/

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

In this episode, our guest is Lior Rozhansky, the Founder and President of Flora Capital LLC, a multifamily investment company. With years of experience in multifamily real estate, Lior has over 30 million worth of assets in Boston through strategic partnerships, starting with his first at the age of 23. He also has experience in real estate Brokerage and runs one of the top firms in the Boston area.

Lior explains how an in-depth knowledge of the real estate properties in his area, allowed him to strategically expand his portfolio into larger projects, especially by leveraging his relationship with local banks. He describes his preference for expensive properties and how he adopted a long-term approach to maximize returns.  

Key Points From This Episode:

    🗝️ Starting with a long-term perspective 

    🗝️Growing in expertise to engage in larger volumes of multifamily real estate 

    🗝️Not being afraid of "Heavy Value Add" projects

    🗝️Leveraging relationships with local banks

    🗝️Challenges (and benefits) of starting multifamily real estate at a young age

    🗝️A Red Flag every investor should look out for!

    🗝️A myth about this business Lior would like to set straight

    🗝️Lior's definition of success

Notable Quotes

• "It's super rare for young people to understand the value of just holding on to property" - [Lior Rozhansky]
• "I know the blocks in and out and that ultimately is one of my biggest competitive advantages today" - [Lior Rozhansky]
• "It's great to say that this city is doing well but can you really pick that horse within the city that's going to take you the furthest?" - [Lior Rozhansky]
• "Every capital investor needs to have balance in their portfolio" - [Lior Rozhansky]
• "These local banks have so much more flexibility in terms of the terms, rates, and everything else that they can give you because it's their money" - [Tim Little]

Resources

Connect with Lior Rozhansky 

·        On LinkedIn: Lior Rozhansky 

·        On Instagram: @lior_rozhansky_re 

·        On Facebook: The Wealth RE Agent Investor 

·        Lior’s Free eBook: How to Diligently Passively Invest 

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Noel Liu is a successful Dentist with an entrepreneurial spirit which led to him to found Secure Dental, a General Dentistry Group Practice with 11 branches throughout the Midwest.

Recognizing the tax benefits, Noel started investing in multifamily real estate about a year ago and is Co-GP in a multifamily Syndication deal of 150 doors.

Key Points From This Episode

    🗝️ Getting into multifamily real estate to save taxes and make time for family
    🗝️Noel's growth as a dental entrepreneur and how he leverages that experience in real estate                                           
   🗝️Managing hesitation among investors through education 
   🗝️What was the motivation to move from being an LP to a GP?
   🗝️Building networks by adding value
   🗝️The one red flag every investor should look out for!
   🗝️Noel's definition of success 

Notable Quotes
-"My whole goal was to go passive for my kids" - [Noel Liu]
-"The best way to learn it is to invest it" - [Noel Liu]
-"We always want to make sure the investor is taken care of first" - [Noel Liu]
-"When it comes down to getting on that first deal, you cannot be greedy" - [Tim Little]
-"If you want to do something, add value and show that you can do it, without asking for something in return at first" - [Noel Liu]
-"One deal can change your life" - [Noel Liu]
-"Even if you don't have a whole lot of experience, who do you align with?... cos you can leverage their experience when pitching yourself to others" - [Tim Little]
-"Time is the one thing that we can't make more of, so being able to get more of that back is invaluable" - [Tim Little]
-"If you're on the fence or still thinking about it, it's never a good time to make a hard decision" - [Noel Liu]


Resources
Connect with Noel Liu
•Noel’s Email: [email protected] 
•Noel’s Website: www.noelliudds.com   

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

In this episode of the Journey to Multifamily Millions Podcast, we let you be in the passenger seat for an insightful conversation with our guest as he shares stories from his years of experience in commercial real estate lending.

I interview Russell Nova, a Principal at Cornerstone Capital Group and MTN Investment Group, who shares insight on crucial aspects that are key to success in the multifamily market and lays out some strategies for gaining access to funding.

The discussion covers how different financing options can reduce risk and increase returns. Also discussed are some common mistakes made by investors that could have been prevented by utilizing better financing & rate caps, how they affect your investment strategy, and the importance of designating an investment goal and having an exit plan.

Key Points From This Episode

    🗝️ The competitive advantage of Cornerstone Capital as a debt and equity provider
    🗝️ Why investors must identify their investment goals
    🗝️  The importance of rate caps in today's environment
     🗝️ The red flag every investor should look out for when choosing a market
    🗝️ How multifamily is not a get-rich-quick game, it's a get wealthy over time strategy


Notable Quotes

-        "The Real work doesn't start until you close" - [Russell Nova]

-        "No matter what, our main objective is to ensure that every sponsor gets to the closing table" - [Russell Nova]

-        "If you ask me or any other investor or any other operator, a 35% return in 18 months is healthy on its own" - [Russell Nova]

-        "What a rate cap does is it's a yield bond that protects you against any kinds of increases in the rate" - [Russell Nova]

-        "Debt is not to be feared, debt is to be understood" - [Russell Nova]

-        "The problem with tertiary markets is that you don't necessarily know if they're going to grow" - [Tim Little]

-        "Once you get into it, you'll realize that it's not about the 'now', it's about later… you're building for the future" - [Russell Nova]

Resources

Watch on YouTube

• https://youtu.be/vExp5GUryhU

Connect with Russell Nova

•   Russell’s Email: [email protected]
•   Russell’s Website: www.csg-ny.com
•   Operation’s Website: www.mtninvestmentgroup.com
•   Russell’s Phone No: 917-5591-820 

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

In this episode, I have a chat with the “Cost Seg King” Yonah Weiss, Business Director for Madison SPECS and multifamily investor.

Yonah discusses Cost Segregation as a tool that helps owners save millions of dollars on taxes by creating “paper losses”. 💵

He also shares some of the secrets to, and benefits of, becoming a LinkedIn influencer. This episode is packed with pearls of wisdom for passive and active investors! 🦪

Key Points From This Episode

🗝️     What is Cost Segregation?
🗝️    What is Bonus Depreciation?  
🗝️    How tax savings benefit passive investors
🗝️    The risks of Depreciation Recapture
🗝️    About Yonah's success as a LinkedIn influencer 
🗝️    Adding value through social media 

Notable Quotes

-        "The majority of people I talk to have never heard of cost segregation" - [Yonah Weiss]

-        "Probably the greatest advantage when it comes to tax strategy is deferrals" - [Yonah Weiss]

-        "Being an influencer is about highlighting other people" - [Yonah Weiss]

-        "The best type of post in my opinion are ones that ask questions" - [Yonah Weiss]

-        "I'm not seeing any slowing down; I see people every single day buying real estate" - [Yonah Weiss]

-        "You can find deals and you can make money in any environment...recession included" - [Tim Little]

Connect with Yonah Weiss

• Yonah on LinkedIn [37:21]
• Yonah’s Podcast [01:07]
• Yonah’s Website: www.yonahweiss.com [37:43]

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Our guest on this episode is Ryan Corcoran, the Founder, and CEO of Specialized Property Group (SPG), a real estate investment company that focuses on multifamily investment properties. 

As a physician's assistant in his W-2, he combined his passion for helping people with the ability to positively impact communities. Now the owner of over 157 units throughout Massachusetts, New Hampshire, and Rhode Island, Ryan no longer relies on his w2 income to maintain his lifestyle; he is now a full-time real estate investor. 

In this episode, Ryan explains his approach to multifamily real estate, with an emphasis on methods for sourcing real estate deals and implementing creative financing as a pivotal tool in real estate investment funding.

Just a Few of the Key Highlights
🗝️ Multifamily real estate as a starting point; using less personal funds to scale his business
🗝️  Sourcing real estate deals; direct mail consistency and targeting middle ground properties
🗝️ Creative Financing in real estate; raising funds as a beginner with family and friends
🗝️ The myth about multifamily he would like to set straight
🗝️ Ryan's definition of success

Notable Quotes
- "That's why I love direct mail; it creates a longer impression than just random cold call or just a lead from an agent"  [Ryan Corcoran]
- "No matter what you do, you're going to get discouraged at first but you've got to keep it rolling"  [Ryan Corcoran]
- "Creative Financing is probably the second most important thing any investor needs to learn how to do; the first one being 'find the deal"  [Ryan Corcoran]
- "You need money to invest in real estate; the biggest thing I want people to understand is that it doesn't have to be 100% of your own money"  [Ryan Corcoran]

Connect with Ryan Corcoran 
• Ryan on YouTube (https://m.youtube.com/channel/UCfiMBodAHt4-UFHHYeF3EKw)
• Ryan on Instagram (https://www.instagram.com/rjcorcoran08/?hl=en)
• Ryan on TikTok (https://www.tiktok.com/@rjcorcoran08)
• Ryan on Facebook (https://m.facebook.com/ryan.corcoran.180)

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497