Multifamily Live

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Gabe DaSilva, owner of the DaSilva Group, was with us today talking about systems! Because of his experience in finance and the restaurant industry, he quickly learned that businesses need to become highly systematized. Without the proper systems in place, a business can lose money quickly. Gabe is a scientist when it comes to how he runs things and that's why we loved having him on the show! 

GETTING STARTED: "I started in finance. My education background is in finance and real estate finance. After getting let go from my job during the crash of 2008 I decided to do something on my own. I ended up getting into food. I owned and operated a restaurant for 3 years and sold it. After that I had time to think about what I wanted to do next. My father was in real estate and sometimes you don't realize how much of that you internalize by growing up in and around real estate. I think that was where I was heading I just took a few detours on the way."

WHAT IS YOUR PROCESS "We take a systematic approach to business. My dad would take 4 or 5 deals a year, we do 4, 5, or 6 at any given time because we systematized the process. This is something I learned from the restaurant business. If you don't systematize everything you get bled dry from every imaginable angle. In real estate a 50k wholesale gets you a lot of breathing room. If you don't have a system where you are bringing in more money then you are sending out, then that's it, your done."

HOW CAN PEOPLE BECOME ENTREPRENEURS "I thought a lot about this recently. After escaping the cube farm myself, I'd like to help 50 people do the same as me in the time it takes me to build my company to 50 million. If you're unhappy at your job making 50k a month. With technology today you can easily supplement your income by teaching people how to do something you already love doing. At the end of the day, you have to take action. And if you don't know what action to take there are plenty of teachers out there to show you the way."

HOW TO CONTACT GABE: Email: [email protected] Thank you for listening! We hope you got as much value from this interview as we did.

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Welcome to Multifamily Monday! Today I will be sharing with you my 5 ways to surround yourself with awesomeness. You are the result of the people you surround yourself with. Figuring out how to achieve this goal is going to take some effort but it will change your life for the better! Come and find out my 5 steps! So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME!

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On this Foundation Inspection Friday we will talk about being around positive people. It's so important that you spend time with people who are focused on success. When you spend time with people who are negative, you will begin to feel negative. This will make everything in life harder to accomplish. Successful people will motivate and inspire you to do better. Make an effort to seek out groups of successful people and contribute value to them. Your rewards will be amazing! So grateful to you for listening! Thank you! If you enjoyed what you've listened to today please leave us a five-star review on iTunes and Like and Follow us on YouTube at The REI Foundation and FaceBook at The REI Foundation Podcast !!! Your support is AWESOME!

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We had the pleasure of interviewing with owner of Blue Spruce, Adam Adams. Along with Blue Spruce, Adam runs multiple business that vary from lending hard money to producing a weekly podcast. Adam has an amazing story and shared with us valuable information about mindset, networking, and persistence. Thank you Adam!

GETTING STARTED: "I got started in real estate because of my father. He owns storage units and has always had rentals. He did a lot of fix and flip but we lived there. We would move into a place, put up walls, and redo some electricity then move out and rent it. I always thought that was normal. My Dad made read a book called Rich Dad Poor Dad, which hopefully everybody's heard of. If you haven't definitely pick it up. In 2005 my start in real estate was a tax deed. So I bought it for $100 with my Dad and we sold it for 12k and I got to keep all the proceeds. That was really my start in real estate."

WHAT IS YOUR MINDSET "Taking action has always been a part of me. Maybe it was my mother that instilled in my heart and brain that I could do anything I want. I believe it whole heartily. I believe that any human being out there, anybody listening, if you want to buy 10,000 units in the next ten years, there's no problem with that. Just take whatever your goal is and start to think of all of the details then work backwards. Who do I need to meet, what do I need to learn, what do I need to wear? Make all those details happen and you can achieve your goals way easier than you think. 

HOW ARE YOU FAILING "We fail big everyday, we have been failing big since the beginning. I know I will fail again tomorrow, and it'll be big. But the way I get through all challenges is by keeping the vision alive. We are always looking at where we will be. We go through it, over it, around it, or under it. Or you just turn around and find the path of least resistance."

HOW TO CONTACT ADAM:

Twitter/Instagram: @AAAInvests Faceboom.com/TripleAAdams Email: [email protected] Thank you for listening! We hope you got as much value from this interview as we did.

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Welcome back to Multifamily Monday! On Mondays we discuss Multifamily Investments on the REI Foundation Podcast. Today we are talking about investing out of state. A lot of people think investing out of state is too risky. There will always be risk when investing so don't let that fear stop you. Do your due diligence and get your eyes on the project first. Good luck! So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME!

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It's Foundation Inspection Friday! On Fridays we dive into the FOUNDATIONS of our business. Today's episode is all about our first deal. We took on a major construction project which took us over a year to finish. The major lesson we learned is to not wait around because of fear, instead, just take action. That is the only way you can really learn. 

So grateful to you for listening! Thank you! If you enjoyed what you've listened to today please leave us a five-star review on iTunes and Like and Follow us on YouTube at The REI Foundation and FaceBook at The REI Foundation Podcast !!! Your support is AWESOME!

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Get ready for an amazing interview with digital marketing master Trevor Chapman. In this interview alone he has gave us information that most people have to spend thousands of dollars to hear. He has successfully trained hundreds of students how to start their own six and seven figure businesses from home. He also founded ecomcon which is the largest event in the industry that has ever occurred.

GETTING STARTED: "I had a buddy who sold pest control and he invited me to come sell with him. I killed it that first year but it wasn't because I was more talented the other guys. If they worked five hours I work ten, if they worked six hours I worked twelve. I was determined to be number one, if I am going to spend my time on it I might as well be the best. One thing lead to another and I had dropped out of college and started my own business. That was right before the summer of 2008."

BE PASSIONATE ABOUT MAKING MONEY "My obligation as an entrepreneur, as a father, and my civic responsibility was to satisfy a need. Once that need is met then I can focus on my desire. People too often get caught up in trying to pursue their passion, they think that once they become an entrepreneur they are suddenly on a private jet to Fiji. That's what I teach my kids. I got caught up in jumping from one passion to another in the first five years of building my business. You just can't succeed like that."

THE IMPORTANCE OF MARKETING "1400s' - 1500s' the people who moved the needle were the people out there on the oceans exploring. 1700s' people who focused on science, art, and music moved the needle. The industrial revolution, people were figuring out ways to mass produce goods and services.Today, who is it? People might say its the guys writing code. But nobody will ever see that code without a good marketer. So, to answer your question, what's the best advice Trevor Chapman can give you? Be a marketer."

HOW TO CONTACT IKE:

Twitter/Instagram: @JTrevorChapman Faceboom.com/TheTrevorChapman

Thank you for listening! We hope you got as much value from this interview as we did.

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It's Multifamily Monday! On Mondays we discuss Multifamily Investments on the REI Foundation Podcast. Today we are talking about analysis. There are three main things you need to understand what your expenses and income drivers will be. Tune in and find out what they are! So grateful to you for listening! Thank you! If you enjoyed what you've listened to please leave us a five-star review on iTunes and Like and Follow us on YouTube and FaceBook!!! Your support is AWESOME!

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Welcome to the REI Foundation Podcast: Foundation Inspection Friday! On Fridays we dive into the FOUNDATIONS of our business. Today's Episode: What are you most afraid of? Most people we talk to say their greatest fear is failure. We all are afraid to fail, but the only real failure is not taking action! So grateful to you for listening! Thank you! If you enjoyed what you've listened to today please leave us a five-star review on iTunes and Like and Follow us on YouTube at The REI Foundation and FaceBook at The REI Foundation Podcast !!! Your support is AWESOME!

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 Download This Awesome Podcast: http://bit.ly/2PRDY1U   Welcome to the REI Foundation Podcast. In Today's episode we had the awesome opportunity of interviewing President of IHM Business Group, Iqbal Mutabanna. After being the CTO of many startups in Boston for over a decade, he now lives in Dallas with his wife and two kids. Now Ike is running multiple small businesses one of which is meant to educate about the value of multifamily investing in apartment communities.   GETTING STARTED: "I started investing passively in multi-family in early 2016 with Joe Fairless. When i started investing I didn't really invest with a lot of knowledge of what I was doing, which is unusual for me, like many engineers, very deep in the details and looking at things in five different angles. Joe and I met through a common close friend and I trusted her enough that she would not recommend something to me that would be harmful. A lot of my real estate experience prior to that was really small single family stuff where the experience was mixed. I wasn't confident that real estate was the right place for me. But I thought, let's give this a try. I invested in one of Joe's deals early 2016 and it did really well. I told me wife, we need to do another one."   FINDING THE RIGHT PARTNER: "My answer is based on my business experience. Being in the startup world I learned is to invest in the people, not the business. The first thing I would look for is the credibility and the principals followed by the promoter of the deal. If I know them personally, I ask myself how well I know them? How much can I trust them? If I don't know them as well, what can I learn about them? How do they conduct their business? More so, how have they managed past deals and managed their relationship with their investors."   THE FUNDAMENTALS OF SYNDICATION: "Very simply put, syndication is similar to a mutual fund. There is one big difference though, a mutual fund puts stocks in a variety of different companies based on one thing like steel or a diversified set of stocks that all grow at 10%. There is a similar thing called REITs which are the same as Mutual Funds. Investors invest in other peoples deal that then give them a return. The main difference in syndication is that the funds are raised for a specific property. When you are a passive investor in a syndicated deal you are actually becoming an equity owner in a specific property. When you invest in a fund you are becoming a shareholder in a fund that may hold 10 other properties."   HOW TO CONTACT IKE:   www.thesidebusiness.show   Thank you for listening! We hope you got as much value from this interview as we did.

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