Our guest for today is Anthony Vicino and Dan Kreuger. They will be going over the 5 reasons to invest in Multifamily. Not only is this episode a review a year later but also this episode will help to get clear on why there are 5 compelling reasons to listen in. 

Let’s dive right in and listen to what Anthony and Dan have to say about investing in Multifamily!

[00:01 – 07:05] Opening Segment 

• We Anthony Vicino and Dan Kreuger introduce themselves
• Starting off with bad investing advice
• Tertiary markets and their volatility

[07:06 – 23:54] 5 Compelling Reasons to Invest in Multifamily

• Anthony and Dan go over each reason 
• Reason #1 Positive Cash Flow
• Reason #2 Forced and Organic Appreciation
• Reason #3 Tax Benefits
• Reason #4 Control
• Reason #5 Stability 

[23:55 – 27:16] Closing Segment

• Establishing the last thoughts on the core reasons
• Final thoughts
• Dan's book recommendations:

The Most Important Thing

Tweetable Quotes:

“Because something has a low price in dollars does not mean that it is undervalued or a good deal.” – Dan Kreuger

“if there is no competition when you're going in to buy the thing, there's going to be no competition when you go to sell the thing.” – Anthony Vicino

"Like once you start getting an income stream from an investment, it is really hard to go and invest in something that doesn't have an income stream." - Dan Kreuger

"it's a nice feeling to know that, yeah, I'm working. But, you know, if I got fired tomorrow is does not matter because I've got all this other income to support me." - Dan Kreuger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

For today’s episode, we will be discussing how investment opportunities.

You know, there are a few key factors to look at, these carry the most weight

We will go over the most important one thing to vet right away.

We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.

Tweetable Quotes:

"understand your investment goal, your parameters, and understand what the operator is putting together." - Anthony Vicino

"Check out the operator and make sure they are a good fit for you. And they've got a track record and they've done this before." - Dan Kreuger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

Our guest for today is Anthony Vicino and Dan Kreuger. Both will be taking turns going over 2020, just a year in review. This episode is coming up on the one-year anniversary of this podcast. Both agree that without a guest to interview this would be a great time to talk about all the things that have occurred. 

Let’s dive right in and get twice as much from Anthony and Dan!

[00:01 – 09:27] Opening Segment 

• We Anthony Vicino and Dan Kreuger introduce themselves
• Starting off with two original bad investing advice

[09:28 – 20:17] Using The First Deal, Duluth!

• Anthony and Dan talk about their first deal in January 2020
• Details on Duluth, and the 2ns deal Grandave Goodrich

[20:18 – 27:02] The Asymmetric Risk-Reward Ratio

• Limited information on an upcoming 3rd deal that is in the Goldilock Zone
• Discovering that there are Little guy deals to be made, the Holly, T.I.C. deal 

[27:03 – 34:49] Closing Segment

• Establishing strategic partnerships with local powerhouse brokerage 
• Final thoughts
• Anthony and Dan's book recommendations:

Mastering the Market Cycle

The Algebra of Happiness

Tweetable Quotes:

“find your niche and stick to it” – Dan Kreuger

“You know, luck is when preparation meets opportunity, and if you're preparing in the right ways, the opportunities are going to present themselves. But it's up to you to figure out how you're going to exploit that opportunity or maximize it.” – Anthony Vicino

"So while we do have a niche that we focus on, we're very cognizant of what's going on from a high level, the macroeconomic picture and then the macroeconomic picture." - Dan Kreuger

"for the deal to still be hitting our projections and coming in line with that. That is one, a testament to the conservative underwriting nature" - Anthony Vicino

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

For today’s episode, we will be discussing whether or not we should invest right now. 

You know, right now, maybe we're at the top of the market. Should you wait until we see a crash or maybe we're at the bottom of the market? I don't know. Maybe now's the time to buy and jump in.

We will go over the most common question asked, when is the right time to invest?

We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.

Tweetable Quotes:

"First of all, if you can go in, you can buy an asset for below-market-rate right now than you're already buying at a discount, almost like you're buying in the past in some ways - Anthony Vicino

"the main question here is when's the best time to bomb? And that really has everything to do with what the investment strategy is" - Dan Kreuger

"certain types of business models in this industry will do better at certain times in the economic cycles" - Dan Kreuger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

Our guest for today is a full-time practicing periodontist in Louisiana. After completing dental school and a residency at LSU, our guest owed close to $300,000 in student loans, along with other consumer debt. Two weeks before graduation, a job offer fell through, leaving himself, his wife, and a two-month-old nowhere to go. This led him to start a practice from scratch, and after seven long and intentional years, becoming debt-free.

Let’s dive right in and learn from Jeff Anzalone on how to start our debt-free journey.

[00:01 – 13:33] Opening Segment 

• We introduce our guest, Jeff Anzalone
• Jeff talks about his background
• Jeff's bad investing advise

[13:34 – 25:05]  Sussing Out All Your Options

• Jeff talks about his first deal to get into real estate
• What to look for given the current economic cycle

[25:06 – 24:35] Closing Segment

• Jeff shares his experiences as a full-time doctor starting out investing
• Deciding what your goals are and choosing the vehicle to go with 
• Final thoughts
• Jeff's book recommendations:

Die With Zero

Tweetable Quotes:

“learn and do your part and get to know these people you're working with. Don't put your trust in a website.” – Jeff Anzalone

“And I realized that you know, my wife and I and I think it's really important that you if you're married and even if you're not married, come up with your specific goals. – Jeff Anzalone

“really be specific with it. And that's where I tell people to start. And then from there, you work backward.” – Jeff Anzalone

“I'm the type of person that I get little bits and pieces from people. But I have my own opinion. I don't follow, you know, if every single thing and I don't follow everything.” – Jeff Anzalone

Connect with Jeff! See the links below:

Go to his LinkedIn, Facebook, Twitter, and Instagram pages to connect with Jeff. Visit his Website, Income Guide, and Podcast.

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

For today’s episode, we will be discussing REITs versus Syndications. How can investing in one over the other change your returns?

We will go over the difference between a Real Estate Investment Trust and Syndications.

We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.

Tweetable Quotes:

“It’s not really you’re buying a piece of a business and that business happens to be in real estate, but you don’t get any of the tax benefits of owning real estate” – Anthony Vicino

“If you’re going to invest in your estate, invest in real estate, that’s why I say” – Dan Kreuger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

Our guest for today has been investing in real estate since his first primary residence purchase of a duplex. He got his commercial real estate start as a private money lender in the remodeling of single-family homes in South Florida, Ohio and Texas with a combined market value in excess of $2.5M. . He invested in several assets as a limited partner and progressed into the general partner role. 

Let’s dive right in and learn from Randy Langenderfer on how to achieve our goals in real estate. 

[00:01 – 08:38] Opening Segment 

• We introduce our guest, Randy Langenderfer
• Randy talks about his background

[08:39 – 14:56] Using The First Deal To Your Advantage 

• Randy talks about his experience in the multifamily space.
• How to be cautious as a passive investor

[14:57 – 24:35] Finding Your Sweet Spot Of How You Want To Invest 

• Randy shares his experiences as a multifamily investor and mentor
• Discovering that there is a route to getting rich slowly but surely plan

[24:36 – 37:49] Slow and Steady Wins the Race

• Being in the position to step away from your W2 income 
• Understanding a minimum of four of the five levers as an LP

[37:50 – 47:51] Closing Segment

• Randy's bad investing advise
• Final thoughts
• Randy's book recommendations:

Mastering the Market Cycle

The Most Important Thing

Tweetable Quotes:

“I teach a lot of students about being an active passive investor, be involved. Don't just take somebody, don't take somebody's word for it, analyze it, look at their underwriting assumptions” – Randy Langenderfer

“what really, really got my maybe not an aha moment, but really intrigued me was the nonrecourse debt” – Randy Langenderfer

"find your sweet spot and chase it. Don't let someone else define your sweet spot for you, whether that's passive or active or a combination" - Randy Langenderfer

"the difference between an investor investing and speculation and investor is one that takes a look, understands the risk and says go speculators, one who says, I've got 50 K in my pocket, I need to invest. I'm going to plop it down with Dan and Anthony because I like them." - Randy Langenderfer

Connect with Randy! See the links below:

Go to their LinkedIn to connect. Visit the

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

For today’s episode, we will be discussing a very simple concept that comes up often when talking passive investors and how you get cash flow distribution from value add multifamily operators.

We will go what cash flow distribution is and why it is so surprising when first learning about it.

What we can do to understand how the leftovers of operating profits are distributed.

We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.

Tweetable Quotes:

“if there's a preferred return on the project, say, of seven percent, then the way that we structure it and a lot of operators do is at that preferred return just carries over into the next year.” – Anthony Vicino

"9 out of 10, if not 9.9 out of 10, the tax liability on real estate syndication is going to be less than if they dump their money into the stocks." – Dan Krueger

“I think a lot of people are coming into the investing space with more of an equity appreciation assumption about what they're going to be getting out of it. And they're surprised to find out that they actually get a paycheck every quarter."  – Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

Our guest for today has started his career as a loan underwriter at GE Capital Real Estate prior to joining Old Capital in 2015, where he is currently the national director. He's often called the professor of multifamily finance, and he has produced hundreds of hours of educational multifamily content on YouTube. And in addition to financing multifamily, he has invested in close to ten thousand units as a limited partner and nearly 30 properties in Texas.

Let’s dive right in and learn from James Eng and how we can understand debt.

[00:01 – 14:08] Opening Segment 

• We introduce our guest, James Eng
• James talks about his background

[12:39 – 23:03] Using The First Deal To Your Advantage 

• James talks about his background
• How to make a qualified decision 

[23:04 – 28:34] Higher IRR Does Not Guarantee A Better Quality Return

• James shares his experiences as a multifamily investor
• Discovering that returns may go lower the more experience an operator has

[28:35 – 40:46] The Murky Waters Of Actual Debt

• The 5 columns of debt on a scale 
• Loans with extra Covid Insurance

[40:47 – 47:51] Closing Segment

• Final thoughts
• James's book recommendations:

Purple Cow

The Most Important Thing

Who Not How

Tweetable Quotes:

“I think if you buy any piece of real estate or invest in any piece of real estate, you know, as an LP, your biggest risk is protecting your principal.” – James Eng

“I'll see a 50-page deck and they'll be half a slide on the financing. And so that's why I wanted to bring it to people's attention.” –James Eng

"I think a lot of times people try to try to look at a deal and sort of figure out, compare the deals, the deals. But there's so much in between." - James Eng

"I'm going one hundred percent on the operator, which I think is important. But sometimes experience operators actually take too much of the equity." - James Eng

Connect with James! See the links below:

Go to their LinkedIn, and Facebook

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX

For today’s episode, we will be discussing markets. How do you identify good markets versus not-so-good markets?

We will go over starting with the end in mind, and understanding what your investing parameters are.

What we can do to understand and vet a market.

We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.

Tweetable Quotes:

“It's a simple supply-demand equation. If you're on the right side of the supply and demand, then it's hard to go wrong in this business.” – Anthony Vicino

"it doesn't do you any good to make two hundred thousand dollars a year in New York. If you're living expenses are one hundred and ninety-eight thousand, you're ostensibly poor." – Anthony Vicino

“where there are jobs, people will go and if jobs are disappearing, people will leave.  – Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

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

YouTube: https://bit.ly/2Lc0ctX