Multi-Family Deal Lab Podcast w David Lindahl

Amidst the evolving markets and the aftermath of a pandemic, Mike Desrosiers stands as an expert in underwriting strategies in the real estate landscape. Stay up-to-date on market trends with Mike as we share advice to help you make informed decisions and assess risk factors. Tune in and navigate the complexities of the industry now.

Key takeaways to listen for

• Creative underwriting tips to help you close bigger and better deals
• Steps to creating your solid investor pool
• How much does it cost to rehabilitate a property and how much you can sell it for
• Master Lease: What it is and its perks

Resources mentioned in this episode

• Ultimate Partnering™ 2023 | San Diego, CA
• Baylor University
• Rich Dad Poor Dad by Robert T. Kiyosaki | Mass Market Paperback
• Flip the Script by Oren Klaff | Kindle, Paperback, and Hardcover
• Magnolia Bakery

About Mike Desrosiers

Mike is the CEO of Growth Capital Group Multifamily Investments. Also, the CEO and Publisher of Silicon Maps, Inc. Mike has a degree in Marketing Communications from the University of California, San Francisco. He has excellent marketing, advertising, and entrepreneurial skills, as seen in the various projects he worked on over the years.

Connect with Mike

• Website: Growth Capital Group | Silicon Maps
• LinkedIn: Silicon Maps Inc.

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Dive deep into the challenges and intricacies of acquiring properties in this conversation with Manuel Roman as he candidly shares his firsthand experience with a 75-unit project. Prepare to gain invaluable insights into the nitty-gritty details of buying, owning, and operating a multi-unit asset!

Key takeaways to listen for

• Benefits of establishing a trusting relationship with sellers
• Attainable projected returns to offer investors when closing a deal
• The difficulties of having Tenancy In Common ownership agreements
• Realistic value projections to remember when buying a property

Resources mentioned in this episode

• Atlanta Property Group
• Super Brain by Rudolph E. Tanzi and Deepak Chopra | Kindle, Paperback, and Hardcover
• Oppenheimer

About Manuel Roman

From France, now spending most of his time in LA, Manuel Roman is a seasoned French/American producer with a proven track record delivering content for top agencies; now a real estate investor closing his third deal. Dealing with stressful and difficult situations, Manuel devises solutions by making organized decisions efficiently and creatively and can form and function in any capacity. A great team player and an effective communicator, he embodies a remarkable work ethic and moral code which his clients can trust.

Connect with Manuel

LinkedIn: Manuel Roman

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Jim Stuart is back on the show, and he's here to showcase a multifamily real estate deal and how he aced this investment. Dial into this episode to learn how he structured the right financing for the acquisition, upgraded the property, and generated top-tier returns. If you want to know more, stay tuned!

Key takeaways to listen for

• The value of aligning the financing you'll use for deals to your investment goals
• Beneficial renovations that can improve units and push up rents
• Washer and dryers: How can they help generate more cash flow?
• A strategy on charging rents with a competitive edge over nearby properties
• Why force appreciation is the key to multifamily investing success

Resources mentioned in this episode

• Lead the Field by Earl Nightingale | Kindle, Paperback, and Hardcover
• Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne | Kindle, Hardcover, and Paperback
• The 7 Habits of Highly Effective People by Stephen R. Covey | Kindle, Paperback, and Hardcover
• Inception

About Jim Stuart

Jim is an experienced investor who resides in Winnipeg, Manitoba, Canada. He was Vice President of Business Development for CMP Group LTD. This Vancouver-based company began its foundry operations to cater to the plumbing and forestry industries in the early 1900s. He has held this position since 2006, following a four-year tenure as the company's President. Before that, Jim served as the General Manager VP Operations for Carfair Composites for nearly two years and held the general manager position in two other organizations.

Connect with Jim

• Email: [email protected]
• Phone: (204)-471-7727

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Discover the secrets to building profitable investment relationships by joining us for an insightful episode featuring Mark Schuler and Joshua Welch. Listen until the end to hear how they overcame acquisition and renovation challenges in one of their multifamily projects, along with invaluable advice to ensure your long-term success!

Key takeaways to listen for

• What makes a "too-good-to-be-true" deal offer?
• Bridge loans: What they are and the advantages of using them
• Reasons why you need to vet your tenants
• Key factors to consider when creating business partnerships
• 2 types of multifamily business models and which is more profitable

Resources mentioned in this episode

• Mastering the Rockefeller Habits by Verne Harnish | Kindle, Paperback, and Hardcover
• Traction by Gino Wickman | Kindle, Paperback, and Hardcover
• The 4-Hour Body by Timothy Ferriss | Kindle, Paperback, and Hardcover
• The Pursuit of Happyness
• Saving Private Ryan
• Unbroken

About Mark Schuler and Joshua Welch

Mark is the President and Founder of –Shuler Architecture, Inc & Shuler Group Real Equity, LLC. Mark's an expert in urban infill, single-family, mixed-use & multi-family, dealing with building owners, financial sources, architects, engineers, contractors, and governmental agencies. As a Principal, has led teams in the design, engineering, entitlement, and construction of more than 500 projects in 15 states.

With a bachelor's degree in electrical engineering, Joshua has worked in various fields, from defense contracting to financial modeling and data mining. He left his job in quantitative analytics and founded The COO and Three Pillars Capital Group in 2017, primarily focusing on acquiring B and C-class properties and providing luxurious and stylish apartments at affordable prices.

Connect with Mark and Joshua

• Website: SGRE Investments | Three Pillars Capital Group
• LinkedIn: Mark Schuler | Joshua Welch
• Email: [email protected] | [email protected]

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Today's topic will leave you in awe as we delve into the incredible strategies used by married couple Laird and Sherry Hatch to turn run-down properties into profitable assets. Join us as we explore their proven blueprint for attracting investors and sponsors to fund projects. So dial in and take note of their helpful advice now.

Key takeaways to listen for

• Essential things you should watch out for when buying a property and why
• Bargaining strategies to reduce the cost of purchasing real estate
• Ways to fuel funding for your property acquisitions
• Actionable tips to keep your occupancy rate at a high level
• The role of task delegation in the capital raising process

Resources mentioned in this episode

• Ultimate Partnering™ 2023 | San Diego, CA
• Engineer Research and Development Center
• U.S. Army Corps of Engineers
• Mailchimp
• InvestNext
• The Lindahl Group
• Peloton® | Denis Morton | Cycling Instructor
• How Leadership (Actually) Works by Larry Yatch | Kindle, Paperback, and Hardcover
• Mindset by Carol S. Dweck | Kindle, Paperback, and Hardcover
• Apartments.com
• FreddieMac

About Laird and Sherry Hatch

Laird is a senior partner in Outlaws Capital Partners. He is a dynamic leader with extensive experience driving business results through seamless execution of complex operations, services, and programs. His work experience has honed his skills of leadership, strategic vision, planning, development, and training to build strong teams and alliances.

Sherry is a multifamily investor. Alongside her husband, she purchases apartments and participates in real estate syndication, and has amassed a very prosperous portfolio. She graduated from Arizona State University with a Bachelor's in Liberal Arts and Secondary Education, majoring in Anthropology.

Connect with Laird and Sherry

• Website: Outlaws Capital Partners
• LinkedIn: Outlaws Capital Partners
• Twitter: @OutlawsCapital

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Today's deal with Christopher Lento features a 60-unit property undergoing an in-and-out upgrade to max out occupancy and achieve greater returns. Check out how he sourced the deal wisely and nailed the underwriting, capital raising, and operational process by pressing the play button!

Key takeaways to listen for

• The secret to finding hidden gems and off-market deals
• How to get good at building relationships with local brokers
• Factors that can drive rent increases
• The ideal persons to add to your investor pool and where to find them
• Interior and exterior renovations: What to do first?

Resources mentioned in this episode

Multifamily Bootcamp

About Christopher Lento

Christopher Lento is a managing EM Capital LLC member with over 18 years of experience in multifamily real estate investing. Christopher focuses on acquiring commercial multifamily apartment complexes in markets across the country that exhibit positive growth trends. He is passionate about the role that well-managed, well-maintained economic housing can play in helping to alleviate the current housing crisis for middle and low-income families. Christopher is active in many philanthropic organizations in the Greater Boston Area. He serves on the Board of Advocates for Bay Cove Human Services.

Connect with Christopher

Website: EM Capital Group

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Are you a novice multifamily investor eager to start now? Then check out this episode as Erin Whitney, Jonathan Berman, and Jim Stuart reveal how they tackled a huge deal, the perks of having a lead sponsor, plus excellent tips for your first acquisition. Learn more about the tools and tactics they used by dialing in!

Key takeaways to listen for

• Real estate sponsors: What their roles are, and why you should have one
• A sponsor's criteria for working with newbie operators in their deals
• Reasons why repositioning real estate assets fail
• First-timers' effective guide to raising capital
• A breakdown of what it's like working with third-party capital raisers
• Practical tip for starters investing in large, heavy value-add deals

Resources mentioned in this episode

• Blue Ring Investors

If you have questions or want to participate in the next RE Mentor™ Sponsorship Event and the Multi Family Millions boot camp, visit https://rementor.com/ or call us at 781-878-7114.

Register and be a part of Ultimate Partnering, our largest networking event in 2023, by going to https://tinyurl.com/c9yk7ayr. Reserve a seat now!

About Erin Whitney, Jonathan Berman, and Jim Stuart

Jonathan and Erin have enjoyed a happy and fulfilling marriage since 2010. Jonathan holds a BS in Mathematics, and an MS in Statistics, and Erin holds a BS in Business Management and an MA in Clinical Psychology. After a decade in the business field in New York and Chicago, she has worked since 1998 as a Licensed Professional Counselor in clinical, non-profit, hospital, home, and school settings.

Jim is an experienced investor who resides in Winnipeg, Manitoba, Canada. He was Vice President of Business Development for CMP Group LTD. This Vancouver-based company began its foundry operations to cater to the plumbing and forestry industries in the early 1900s. He has held this position since 2006, following a four-year tenure as the company's President. Before that, Jim served as the General Manager VP Operations for Carfair Composites for nearly two years and held the general manager position in two other organizations.

Connect with Erin, Jonathan, and Jim

LinkedIn: Jonathan Berman | Jim Stuart

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

If you're looking for an opportunity to learn management and funding strategies from an expert real estate professional, this is the episode for you. Join today's conversation with John Todderud as we chat about the ins and outs of acquiring properties, plus various investing and asset management tips. So keep tuning in and gain insights you can apply to your business!

Key takeaways to listen for

• 1031 exchange: What it is and its benefits
• Why you should avoid buying assets with low occupancy rates
• Expert tips on how to do successful real estate deals
• How to find your ideal RE market
• Reasons you might want to consider doing a bridge loan

Resources mentioned in this episode

If you want to learn more about RE Mentor's Multifamily Moneyball event, call us at (781) 878-7114.

About John Todderud

John founded Cardinal Oak Investments to create opportunities for stable, long-term investments in the safest and most reliably secure types of real estate, multifamily apartments. Through general partnerships with other experienced managers, they create real estate syndications to invest in apartments in strategic growth markets in the U.S.

His extensive experiences with software development, management of technology teams, and implementation of large software solutions at Fortune 500 companies were invaluable skills to help him succeed in real estate. Now he creates opportunities for investors seeking stable, long-term income and wealth building through real estate and limited and general partnerships investing in apartments.

Connect with John

• Website: Cardinal Oak Investments
• LinkedIn: John Todderud

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

Larry Kolster joins us in today's episode to discuss the importance of open-mindedness and adaptability in real estate investing. He'll also emphasize the significance of exercising caution and skillfully executing strategies when shifting gears in the real estate business to achieve success. Tune in to learn how a property can be a profitable venture!

Key takeaways to listen for

• Differences between a joint venture and syndication
• Challenges in converting a mixed-use property to multifamily
• Importance of understanding real estate deal flow
• How long does it usually take to break even after buying a property?
• Best practices to rapidly grow in the real estate space

Resources mentioned in this episode

• RE Mentor Mentorship Community
• Never Eat Alone, Expanded and Updated by Keith Ferrazzi and Tahl Raz | Kindle and Hardcover
• Relationship Marketing by Regis Mckenna | Paperback and Hardcover
• ReIndicator
• Never Split the Difference by Chris Voss and Tahl Raz | Kindle, Paperback, and Hardcover
• Secrets of the Millionaire Mind by T. Harv Eker | Kindle, Paperback, and Hardcover

About Larry Kolster

Larry is working in commercial real estate, focusing on apartment complexes. He participates in acquiring class C apartment buildings (built in the 1970s and 1980s) with a value add opportunity. They purchase underperforming units at a substantial discount and provide superior property management and updates to maximize value. Then, they resell the properties after 3-7 years of hold. He and his team allow passive investors to partner with them by creating syndications enabling tremendous returns for those who invest with them.

Connect with Larry

• Website: QMJ Properties
• LinkedIn: Larry Kolster

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc

In today's episode, we'll hear from Michelle Wheeler and Clarence Boyd, a father-daughter duo who acquired a hundred-acre land deal and turned it into an RV mobile park. They'll share their experiences and insights on what made the process interesting, as well as their approach to projecting revenue. Listen in to discover their secrets to calculating an asset's potential value!

Key takeaways to listen for

• Ways to calculate an asset's potential cash flow before purchasing and upgrading it
• An approach to acquire a new set of capital funds through buy and sell
• Word of mouth marketing and how it assists in launching your business
• Perks of investing in RV parks vs. apartments
• The impact of relationships in elevating your deal underwriting power

Resources mentioned in this episode

• Multifamily bootcamp
• Ultimate Partnering™ 2023
• Change Your Paradigm, Change Your Life by Bob Proctor | Kindle, Paperback, and Hardcover
• RE Mentor Kill Zone Event

About Michelle Wheeler and Clarence Boyd

Michelle was the "plus one" of her father, Clarence, during a multifamily training event where they both found their family dynamics as an advantage in starting a passive investment. She is known as one of the industry's most conscientious, caring REALTOR®, for being a great communicator, and for great follow-up throughout each stage of the transaction and beyond.

It is her goal to create clients for life. She entered the real estate profession after a successful career in the hospitality industry and used her innate people skills to ensure smooth transactions. Michelle enjoys spending time with her daughter and volunteering at her Girl Scout Troop. She enjoys reading and caring for her exotic fish in her spare time.

Connect with Michelle and Clarence

Website: Coleman Lake Campground

CONNECT WITH US

Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.

• Join the largest networking event Ultimate Partnering: https://bit.ly/3xX8GLt
• Get access to our FREE 5-Part Video Series and discover how you could retire In 3-5 Years by investing in apartments: https://bit.ly/3iTszPq
• Apply for our Mentorship Program: https://bit.ly/3zvWYcN
• Subscribe to our YouTube Channel: https://bit.ly/3zeuK5k
• Contact Us: https://bit.ly/3yYAUHc