Mailbox Money Show

Real estate professionals often refer to deals in terms of single family. This is because they have developed an expertise in this field and there's been a history of working independently. But when it comes to multifamily units, you'll find it's a completely different story. You're basically working as a team all the time! There are some incredible people out there who actually manage several hundred units by themselves, but for most of us, success will come from having a good team. For example, some folks might provide the equity while others might offer property management or find new deals or sign papers - there are lots of ways people can contribute and make a difference. My friends Ronnie and Jenny have perfected this, they've built a business together and managed their relationship at the same time! Watch the episode and find out how they created a successful company from scratch using both hard work as well as mutual respect for each other's goals - something I'm sure every “real estate power couples” would strive for!

In this episode, we explore:

01:00 – Why partnerships are so important

05:33 – How to partner with passive investors

09:01 – P&G operations to Multifamily

15:42 – Transitioning to real estate

20:11 – Starting a mentorship program

22:11 – Multifamily interest rates

25:04 – Fear in the marketplace today

29:53 – https://verticalstreetventures.com/

Connecting with the Guest:

LinkedIn: https://www.linkedin.com/in/jennygou

Website: https://verticalstreetventures.com/

#multifamily

#realestate

#teambuilding

Interest rates are rising and everybody wants to know, what does that mean for your real estate portfolio? Should you be buying? Should you slow down? Are interest rates going to keep rising? And what does that do to real estate valuations, particularly in the multifamily space? To answer that, Andrew Westling joins us on this week's episode. 

Andrew Westling, Director of Capital Markets at Walker & Dunlop, is responsible for new loan originations and closings for multifamily and commercial properties nationwide. Throughout his career, he has underwritten and closed more than $1.5 Billion in debt and equity financing for multifamily, industrial, retail, office, hotel, manufactured housing, and self-storage properties across the country. Prior to joining Walker & Dunlop in 2016, he served as a Director for the George Elkins Mortgage Banking Company (GEMB) originating, underwriting, and closing commercial real estate loan transactions. Preceding GEMB, Andrew served as a Vice President for the Private Bank at Union Bank.

In today's interest rate environment, what should we expect? How should we prepare? This week, we answer those questions! 

In this episode, we explore:

00:37 – Episode Overview | This week’s guest: Andrew Westling

Connecting with the Guest: 

Website: https://www.walkerdunlop.com/

At the core of everything we do is a set of beliefs. These beliefs lead to the actions we take, and therefore, the outcomes we experience." - Steven Pesavento

When it comes to investing, people often struggle with beliefs that don't serve them when it comes to making investment decisions. There are many people who don't know what they really want, why they want it, how to get there, and who is going to help them get there. On this episode, we discuss the role that mindset plays in your success journey.

Our guest this week is Steven Pesavento. Steven is an active investor who helps clients build wealth and cashflow through commercial real estate investments at VonFinch Capital. As host of The Investor Mindset Show and a certified high-performance coach, he has raised $10’s of millions of dollars and invested in $100’s of millions of real estates. Through his top-rated podcast and private investor community, he brings together real estate investors to not only learn, but also how to put these strategies to work in their lives.

So, how do you take the first step in the right direction? Tune in!

In this episode, we explore:

00:37 - Episode Overview | This week’s guest: Steven Pesavento

01:47 - The important role of mindset and personal growth in real estate investing

04:49 – Habits to strengthen your sense of self and direction | Identity Exercise

10:43 – Books and life coaches can be powerful resources

12:52 – The first step in the right direction | The Five Success Principles

19:02 – Steven’s real estate background and experience

25:54 – Finding and working with the right people

31:18 – In the face of an anticipated recession, how should you invest?

36:32 – Take time to educated yourself through the experiences and insights of people in the investment space

Connecting with the Guest:

“The Five Success Principles” book: www.investormindset.com/success

Instagram: https://www.instagram.com/steven.pesavento/

YouTube: https://www.youtube.com/channel/UCVIYpUX9XqauGNi0P1e6gtQ

LinkedIn: https://www.linkedin.com/in/stevenpesavento/

Website: https://investormindset.com/ | https://www.vonfinch.com/

#mindset

#selfdevelopment

Reed Goossens is an engineer who turned into a multifamily investor. His background in engineering gave him a special insight on things that work, how people connect, how things are built and how things flourish. This made it easy for him to invest in real estate and build an enormous portfolio over time. He even founded the RSN property group, a great real estate community that helps investors with their multi-family passive income.

Just like with any asset class, there are different types of investments. Even within the category of syndicated investments, there are various options. From multi-family to ATM machines and everything in between. As investors, it's important for us to understand the different alternatives available so that we can make informed decisions about where to invest. This asset class, in particular, allows you to enjoy the fruits of your labor. Just ask Keeley, whose experience helped her transition into this unique asset class. In this episode, she will walk you through the vineyard and its investment potential.

Josh McCallen is a man who believes in serving others, a real estate syndicator specializing in hospitality and core values. He is the Co-Founder of Accountable Equity and the CEO of VIVÂMEE Hospitality. He believes that joy, humility and ministry, which are the core values of his company, are the answers to a successful business. Each one of them contributes in different aspects of VIVÂMEE's growth, so he aims at maintaining this same atmosphere among his employees to increase satisfaction.

How does one transition from a normal job to doing real estate full time? Well, today’s guest, Matt Picheny, did just that, from being an actor to now both an active and passive investor on 8,000 units! 

Matt Picheny is a real estate investor, Tony award winner, and author of the #1 best-selling book, Backstage Guide to Real Estate. He is focused on developing passive income streams that enable investors to write their own story and choose how they want to spend their time.

Join us as Matt shares his inspiring real estate journey and his mission to pay it forward and help others succeed.

In this episode, we explore: 

00:37 – Episode Overview and Guest Introduction: Matt Picheny

01:37 – Matt’s background and his journey to 8,000 doors

05:45 – Matt’s first major real estate decisions (Getting into real estate)

12:39 – Matt’s trial-and-error phase

15:36 – “Why do you still invest actively?”

18:49 – “You can earn money but you can’t earn time”

20:20 – How to find deals today (Reputation is key!)

24:59 – Predictions for the investment space

28:07 – Invest in a well-credited mentorship program

29:47 – https://www.picheny.com

Connecting with the Guest:

Matt’s Book: “Backstage Guide to Real Estate”

Website: https://www.picheny.com

LinkedIn: https://www.linkedin.com/in/picheny/

Facebook: https://www.facebook.com/mpicheny

#MattPicheny  

#CashFlow  

#PassiveInvesting

On today’s episode, we have Savannah Arroyo, founder and CEO of Networth Nurse, a community of like-minded individuals empowering each other to achieve financial literacy and financial freedom.

Today’s guest, Justin Donald, is the author of the WSJ #1 bestseller The Lifestyle Investor: The 10 Commandments of Cash Flow for Passive Income and Financial Freedom and the host of The Lifestyle Investor podcast. He’s on a mission to show entrepreneurs, executives, and hard-working folks from all over the world how to achieve the wealth, freedom and lifestyle of their dreams the right way, right away.

Lee was practicing as a physical therapist when he realized his true passion was building his own business and investing in real estate. He has taken this passion and considerable action to quickly build a portfolio with several small apartment buildings. Lee is the founder and visionary behind Threefold Real Estate Investing, and he’s committed to forging a path that will generate incredible wealth and opportunity for all involved.

His focus is driving the business forward by forging new relationships with top-notch professionals in the real estate world and bringing on more partners to invest alongside Threefold. Lee also hosts Threefold Real Estate Investing, which focuses on multifamily real estate investing while also focusing on pursuing better relationships with family and a better walk with Christ.

Join us as Lee shares how he was able to have more time and become a better parent for his family by using financial freedom through real estate. He also talks about how he made the transition from practicing physical therapy to investing in real estate, scaling from small deals to bigger ones through building relationships, and the benefits of investing in multifamily.

Tune in and find out how you can create the life you want for you and your family!

#wealthbuilding