Multifamily Live

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Welcome to the REI Foundation Podcast! On Fridays we delve into the FOUNDATIONS of our business. Today's Episode: Sales is key in all aspects of Real Estate Investing! Uncomfortable? USE IT!

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Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate investors, Rod has personally owned and managed over 2,000 apartments and homes. Rod is Host of the #1 Ranked iTunes Real Estate Podcast which has been downloaded more than 1,500,000 times – “The Lifetime Cash Flow Through Real Estate Investing Podcast.”  Rod is the author of “How to Create Lifetime Cash Flow Through Multifamily Properties” considered to be an essential “textbook” for aspiring multifamily investors.  As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 50,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment and business development trainers. From www.rodkhleif.com … Rod Khleif immigrated to the USA at six years old in 1966. He remembers his mother crying as they past the Statue of Liberty. WHERE DID ROD GET HIS WORK ETHIC: “My Dad and Mom really struggled. My Mom… actually I got my work ethic from her. Because she babysat kids to have extra money for us. She was very entrepreneurial. She invested in the stock market. She was a Housewife. She bought the house across the street. And she bought this when I was about fourteen. And when I was about to graduated from High School a few years later she told me she made about twenty grand in equity on it… it had gone up twenty grand. And I’m like I’M DOING THAT!” WHAT CATAPULTED ROD FROM MEDIOCRITY to SUCCESS: Rod got his Brokers license as soon as he turned 18. “I didn’t make any money my first year. Made ten grand… twelve or fifteen my second year. My third year though, I met a guy who taught me about MINDSET and ATTITUDE and I made in the hundred thousand range…” MENTORSHIP!!! Find a Mentor! Rod 10xed his profits BEFORE 10X was even a thing!!! All because of a MENTOR!

“In 2006 my portfolio went up 17 million dollars while I slept.” And the 2008 came along. Rod had about 800 units and SFR properties spread through out three states and he got crushed. “I lost it all. I call these seminars. This was a 50 Million Dollar Seminar for me.” HUGE LESSON: “What was fascinating to me was that my multi families did just fine, it cash flowed throughout that crisis. My single families didn’t. The reason being… they were spread out… LISTEN IN FOR WHY IT COSTS MORE TO HOLD SINGLE FAMILY RENTALS!!! THAT WAS THEN, THIS IS NOW… ON MINDSET: 80 percent of your success in anything is MINDSET or PSYCHOLOGY. Only 20 percent is the mechanics… 80 percent or maybe even 90 percent is your ability or motivation TO TAKE ACTION! LISTEN IN FOR ALL THE TOOLS YOU NEED TO HELP YOU WITH MINDSET! MORNING ROUTINE: “One of the gifts I give to all my students: “The Miracle Morning” by Hal Elrod. ANOTHER BOOK RECOMMENDATION: “The Secret” WORDS TO LIVE BY!! Nike - “Just do it!” “Everything starts from a place of gratitude.” “Get yourself to a point where you are feeling incredible emotion for these things that you want as if you have already have them.” BIG WHY His lovely wife. HOW TO FIND ROD: Please listen to his podcast! Read his books! You can find this all at: www.rodkhleif.com BONUS VALUE ADD: FREE BOOK!!!! “How to Create Lifetime Cash Flow Through Multifamily Properties” by Rod Khleif Text ROD to 41411 We are so honored to have had Rod on our podcast! So GRATEFUL!!! And so grateful to you for listening!!! Thank you!

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Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we invite Kevin Dowling, ninja and Managing Partner of Oak Capital Partners, to join us for a discussion in Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: The importance of your team, especially when investing out of state.

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Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we discuss one way we Plan for Success... we plan a course of action!

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Paul Moore is one of the hosts of "How to Lose Money" - a wealth building podcast dedicated to the honest lessons learned in business. Paul is also the author of "The Perfect Investment - Creating Enduring Wealth from the Historic Shift to Multifamily Housing." The Perfect Investment teaches you… -The secrets used by the super-wealthy to attain and maintain their wealth over generations (and why you’re not invited to their party). -Why multifamily investing scored 460% better than the stock market on a key risk vs. reward ratio. -Why investing in flips, single family rentals, and small apartments is a not a path to multi-generational wealth for the vast majority of people. -Why US demographics, the economy, and the fallout from the last recession have caused the perfect storm for the success of this asset class. -How multifamily investors “partner” with the IRS to reap significant profits while paying virtually no taxes. (Your CPA may not know these tax codes, but you need to!) Wellings Capital - Paul's Investment Company - an income-focused multifamily real estate investment firm centered on providing stable, yield-producing investments. WHY MULTIFAMILY: "THE LARGEST RENTAL GROUP New households aged 18 to 30 are being driven by the second largest demographic wave in US history: the Echo Boomers. The 76 million children and grandchildren of the Baby Boomers. In addition to this demographic group’s sheer size, Echo Boomers are disenfranchised with the concept of home ownership. 75% of them are more likely to rent than own. THE SECOND LARGEST RENTAL GROUP The largest demographic group in US history: the Baby Boomers at 78 million strong. As this group transitions from homeownership to renting, they are likely to never own again. Additionally, the average lifespan continues to increase, thus extending this generation’s rental demands." THE NATIONAL HOME OWNERSHIP RATIO Home ownership has rapidly declined from 69.2% in 2004 towards the mean of approximately 64% today. This homeowner displacement has driven, and will continue to drive, households out of residential owner-occupied property to renter-occupied apartments. ECONOMIES OF SCALE GO BIG OR GO HOME!!! Economies of Scale start at a very high level. GO PRO. Large properties have access to professional property management firms on a different scale than smaller properties."

PAUL'S GREAT LESSON: In my personal life I am all about swinging for the fences. I love to invest in my family. I love to invest in relationships. I talk really loudly to strangers. I really want to care about people. As far as investing is concerned: I don't want to swing for the fences anymore. I used to believe in the double or nothing thing... the problem with that is the law of risk is commonly believed: low risk - low return, high risk - high return. We want to believe that! The truth is it is LOW RISK - LOW RETURN, HIGH RISK - HIGH POTENTIAL RETURN... HIGH POTENTIAL LOSS..." PAUL'S BIG WHY: "I want to thwart human trafficking and I want to rescue its victims... If you took the record profits of Nike, GM, Starbucks and Apple... combined them together and doubled it... That is the approximate annual revenue from Human Trafficking worldwide." ORGANIZATIONS TO SUPPORT: http://exoduscry.com and https://harvesthome.org WORDS TO LIVE BY: "Investing should be like watching grass grow or watching paint dry." - Paul Samuelson "Don't swing for the fences." "Get EDUCATED" "Find a good Mentor." HOW TO FIND PAUL: https://www.wellingscapital.com [email protected] TO SUPPORT PAUL'S WORK AGAINST HUMAN TRAFFICKING http://exoduscry.com https://harvesthome.org http://nefariousdocumentary.com Thank you to Paul Moore. Thank you so much for listening.

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Hello and welcome to Multifamily Mondays here on the REI Foundation Podcast. On Mondays we invite Kevin Dowling, ninja and Managing Partner of Oak Capital Partners, to join us for a discussion in Large Multifamily Investments. We will pick apart different aspects of this type of real estate investing and periodically deep dive into actual deals that we are working on. Today's Episode: We are giving you an Update on the progress of our 94 Unit in Kentucky!!!

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Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we discuss our transition out of our large scale business plan into the laser focus we now have.

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Lane Kawaoka lives in Honolulu, Hawaii and is a Project Engineer and Licensed Professional (PE) Civil/Industrial Engineer. In 2009, He was able to save for an A-class rental in Seattle. After discovering the difference between 'Cashflow Investing' and 'appreciation investing (gambling/speculating)'... Lane moved his portfolio into 11 single family rentals in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Today, Lane is laser focused on Class C & B Multi-Family Apartment investing because of this Nation's demand for affordable housing. "JUST GET IT!" Get your first property and get that cash flow! MUST READ: "I read "The Millionaire Investor by (Gary) Keller. This is really the only book you need." ON 1031 Exchanges: Lane took his first TWO rental properties and turned them into NINE highly cash flowing properties!!! Listen in for more information and what lessons he learned! ON TURN KEY RENTALS: Lane says you can either go to the provider and you'll get the best price but they are not always going to have your best interest at heart. OR you can go to marketers... but they will usually throw on their fee! If you want more information on vetting Turn Key operators you'll need to wait for his book to come out! THE NEXT STEP: "I hit my 10 property Fannie Mae limit... and out of the 10 properties at least 1 of them goes into foreclosure a year"... then there's the cap ex... "it's just not scaleable." "Multifamily is the trajectory that I am headed in! ... The US Government wants good, stable housing for the general public"... They are incentivizing investors with non-recourse debt from Frannie and Freddie. ON BUYING MULTIFAMILY: "Be patient and hit your criteria." And "key in on expense on the P&L - if there is less than 3K, I throw it out..." ACTIONABLE STEP: "START WITH SINGLE FAMILY... You need experience. You need the liquidity. You don't want to make your first mistake on a 2 million dollar property! Who the heck will work with you if you have no experience... It's all about adding VALUE." WORDS TO LIVE BY: "The quality of your life is in direct proportion to the amount of uncertainty you can live with." WHERE TO FIND LANE: www.simplepassivecashflow.com And look for Lane's upcoming book: "How to Buy a Turn Key Rental." Thank you so much for listening!

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Today, Pili talks about the two things that have helped her... and will help you... SHIFT INTO MULTIFAMILY. Thank you for listening!

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Welcome to the REI Foundation Podcast! On Fridays we like to delve into the FOUNDATIONS of our businesses. Give you a taste of the triumphs we have and the mistakes we make. Today we give you ONE THING you need to work on CONSISTENTLY to get the MAXIMUM ROI from your marketing. Thank you for listening!

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