Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires

When Vinney Chopra came to the United States from India more than 40 years ago, he had only $7 in his pockets. But he knew without a doubt that the opportunities offered by this country were within reach because he had a vision for his life plus the commitment to learn, work hard and sacrifice to achieve those goals.

With a bachelor’s degree in mechanical engineering, he entered The George Washington University to seek a master of business administration degree in marketing and advertising. He sold Bibles and educational books door-to-door to support his studies, excelling both in the classroom and outside because of his work ethic and overwhelmingly positive attitude.

Today, Vinney, is fondly called “Mr. Smiles” because his positive demeanor has created a name of his own as a successful real estate investor. He’s married with two children, Neil and Monica, who have now joined him in managing the business.

In this episode, Vinney shares how to take advantage of the opportunities around us even with market uncertainty, and how having a positive attitude and abundant mindset set you up for success.

[00:01 – 13:23] Investing Beyond Fear: Positive Investment Opportunities during Pandemic

• Vinney’s humble beginnings and how they shaped his attitude toward life
• The story behind Vinney's success in real estate investment
• Vinney’s three (3) tsunamis of real estate

[13:24 – 18:37] Finding Success in Real Estate

• Different types of real estate investments
• How to keep learning in your busy schedule
• What are the differences between Senior Housing and Assisted Living
• Taking advantage of the pandemic market dip

[18:38 – 30:38] Going Above and Beyond

• Why you need to build better relationships in business
• The Senior Living business model that separates Hampton Manor from the rest
• Fun question with Vinney
• Connect with Vinney on the links below

Find out more and connect with Vinney through the following:

Connect him on Linkedin, visit his website, and follow him on Instagram.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“We are so insignificant human beings, we really are, we should have no ego whatsoever, we should learn. Because what's that ego for? You know, and the big thing is when we take the ego out of ourselves, and we don't point outside, we should always point inside, you know, where it goes when we talk, you know, this is not right to that's not right, or, I'm not going to do this because but look at that three fingers are coming at us.” - Vinney Chopra

“God made it that way. When we point to somebody, it's not them, it's us three times more.” - Vinney Chopra

What is it like to have $40,000 in debt and eat ramen noodles and end up with almost $200M in real estate? Today, my guest, Logan Rankin, talks about his new book, "Find Your Financial Freedom." He stresses the importance of financial literacy, not just to build wealth over time, but to protect yourself from inflation and other economic uncertainties. 

Logan provides specific steps for building a solid financial plan and discusses how his story has inspired others to chase their dreams. This conversation is packed with valuable advice for listeners of all levels of finances. 

Don't miss this episode if you're looking to get ahead financially!

[00:01 – 10:41] From Being in Debt to Achieving Financial Freedom

• Achieving financial freedom by the age of 30
• • Opt to save the money
• Building a property management company
• • Culture is more important than real estate
• What it takes to have a balanced life
• • Develop systems in order to free up time for other pursuits

[10:42 – 25:51] Better Positioning and Strategies to Attract Income

• Focusing on debt and coverage
• Repositioning properties to attract more tenants and income
• • Acquiring more properties will help reduce your risk
• Strategy for debt management
• • Use community banks as a bridge to get your debt to non-recourse
• How books can change your life
• • Have a good financial literacy in order to handle the current economic conditions

[25:52  – 32:18] Reaching Your Full Potential

• Creating great impact through writing
• • Achieve your full potential
  • Constantly evolve as individuals
• Connecting with others and building relationships
• • Provide value

Find out more and connect with Logan through the following:

Send him an email at [email protected], visit his website, and check out his book Find Your Financial Freedom.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“Real estate's not about real estate. When you're building a company, it's actually about business, and it's about culture.” - Logan Rankin

“It's more important than ever to have a good financial literacy because we have things going on right now that are really important to understand.” - Logan Rankin

Anthony Vicino is a best-selling author, real estate investor, and serial entrepreneur committed to helping people maximize their Return on Life. He is the co-founding partner of Invictus Capital, a multifamily acquisition firm based in Minneapolis, MN with $40m in AUM, that provides busy working professionals with the opportunity to Invest Better. As the host of the Multifamily Investing Made Simple podcast and author of Passive Investing Made Simple, Anthony firmly believes investing shouldn't be complicated, scary, or overwhelming.

In this episode, Anthony covers the basics of real estate investing, including what you need to know before buying a property, how to find deals that are right for you, and how to work with your investors to make sure they're getting the most out of your investment. 

Tune in to learn everything you need to know to invest confidently in this booming market!

Get a $300 discount for Jake & Gino’s Multifamily Mastery 5! Go to my website, email me at [email protected], or find me on social media for the special link!

[00:01 – 11:55] Transforming People Through Writing

• Anthony Vesino - a best-selling author, real estate investor, and serial entrepreneur
• Finding success as a self-help author focusing on financial transformation
• How the property's marketability changes based on economic data

[11:56 – 20:10] The Elements and Teams You Need to Succeed

• Keep your word, especially when it comes to transactions involving real estate
• A good track record of being reliable helps overcome obstacles in the closing process
• The roles and importance of the sales, support, and customer service teams 
• Ways to attract investors and maintain a good relationship with them

[20:11  – 34:18] Why Multifamily is the WAy to Go

• Investing in multifamily over stock market considering risk and tax benefits
• Employing the 1031 tax avoidance strategy without issues

Get a FREE book from Anthony by leaving a review here and shooting him an email!

Find out more and connect with Anthony through the following:

Email: [email protected] 

Website: www.invictusmultifamily.com 

Podcast: Multifamily Investing Made Simple
Book: Passive Investing Made Simple

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“The thing that's really surprising for people is to realize how very few investors you realistically need to be able to raise a lot of capital and get a lot of deals done.” - Anthony Vicino

“Your returns are larger, your risk is lower, and then the tax benefits associated with owning real estate are vastly superior than anything else you get in the stock market.” - Anthony Vicino

Whitney is a successful business owner who has overcome many obstacles in his journey to success. He shares his story, emphasizing the importance of converting clients into investors and having a strong mission. Whitney discusses the process of syndicating his business and how he balances being aggressive with doing due diligence.

In this episode, we'll be discussing how to invest in multifamily real estate, specifically with regards to how to make the most of your returns and avoid some of the common pitfalls that can occur in this market.

Listen in and learn more about Whitney’s story and practical tips to employ. Let’s jump right in!

Get a $300 discount for Jake & Gino’s MM5! Go to my website, email me at [email protected], or find me on social media for the special link!

[00:01 – 09:16] Determination Trumps Credentials

• Starting with neither network nor credibility from the get-go
• How it doesn't have to be easy to start a successful business
• The effects of the 2008 financial crisis on rental values and income
• Achieving success by learning from mistakes and trusting your gut

[09:17 – 22:16] Build Wealth and Provide Security through Real Estate Investing

• The value of following your passion to overcome limitations
• Have some thinking time where you are not pulled in every direction
• The importance of taking risks and cultivating great habits to achieve success
• Sharing your story with honesty to be respected and accepted

[22:17  – 36:49] Strategies for Scaling

• The secret sauce to establish a relationship with a potential client
• Approaching deals, funding and underwriting strategies, and team expansion
• As a business grows, different aspects of running it become more complex
• The importance of feeling grateful for what you have

Find out more and connect with Whitney through the following:

Email: [email protected] 

Website: https://lifebridgecapital.com/ 

Podcast: The Real Estate Syndication Show 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“When you can build loyalty with your clients, you can start to do things that nobody else can do.” - Whitney Sewell

“"We don't have to be as aggressive or do a deal just to get that acquisition fee or whatever. We don't have to do that and we don't want to be in that position where we have to do that.” - Whitney Sewell

What it takes to optimize systems is not only a look at how to run the numbers but starting at the hiring process. Mark McGuire has stories and tips to share when it comes to building teams for a business to thrive.

Listen in as Mark shares his story of starting at the bottom and working his way up through hard work and determination to become a successful real estate investor. He also discusses how he transitioned from property management and maintenance to real estate sales and syndication in order to build a lasting empire. 

Stick to the end of the show and learn more about Mark’s practical tips. Let’s listen in!

[00:01 – 09:24] Be On the Lookout for Great Opportunities Ahead

• From the ground as a maintenance guy to commercial real estate investing
• Realizing the power of controlling the velocity of your money
• Thoughts on having sophisticated investors participate in these private offerings
• The ideal goal for real estate investors as opportunities for all

[09:25 – 24:01] An Inside Look of Self-Storage Unit Investing

• Light expansions and asset upgrades to create more revenue
• Breaking down self-storage on offers, taxes, insurance, and raising revenue
• How the rates and clients are dependent on your geographic location
• Protocols for maintenance and repairs for self-storage units

[24:02  – 34:58] Building a Successful Culture for a Business That Lasts

• Choosing people having your weaknesses as their strengths
• The value of getting clear on the vision and responsibilities
• The goal is not only to get the best but to retain the best
• Why you should have a vetting process and ensure the right tools

Find out more and connect with Mark through the following:

Email: [email protected]

Website: https://hfirecapital.com/ 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“In the commercial game… You could have more control of your valuation, and ultimately the velocity of your money.” - Mark McGuire

“Our whole goal was to bring good people along and bring them up and teach and show them what opportunities exist.” - Mark McGuire

“When it all goes to hell, your core values are going to be what holds your team together, it's the glue.” - Mark McGuire

As real estate investors, should we heavily focus on cash flow? My guests, Fernando Arias and Anna Latysheva argue otherwise as they emphasize the significance of looking into long-term appreciation and reinvestment.

Listen to the gems as they share how they started learning about the space, figuring out what they need to do to be successful, and how they continued to grow the business by acquiring properties. Surely, it will not be an overnight process to achieve success. What matters is the amount of effort you put into it.

Stick to the end of the show and learn more about Fernando and Anna’s journey thus far. Let’s listen in!

[00:01 – 12:13] How Mindset and Abundance Direct to Success

• Shifting the focus on mindset and abundance
• • Understanding scalability
• Connect and analyze deals to achieve your goals
• • How to become more comfortable with underwriting
  • Acknowledging the value of the community
• Off to learn on your own
• • Embracing the gradual process of learning

[12:14 – 30:29] The Engineering Experience in Multifamily Investing

• Utilize your experience in the field
• • Acquiring multifamily properties in Denver
  • Finding opportunities through connections
  • Legal challenges to face
• The risks of owning a property through a lending program
• • How borrowing may have more potential pros but also more potential cons
  • Why opt for an attorney for guidance
• Face challenges head-on
• • Investing in low-yield markets
  • Aiming for stability and growth in their assets
  • Tackling labor shortage

[36:30  – 44:56] Creating Impact in the Real Estate Sphere

• Be self-sufficient and less reliant on the W2s
• • Earning a decent return on your investment
  • How capital and effort matter in the real estate realm
• Fernando and Anna’s plans for future deals
• • Working in the business vs. working on the business
  • The truth about struggling
• Connect with them through the links below

Find out more and connect with Fernando and Anna through the following:

Fernando: reach his phone at 720.682.7249 and email [email protected]

Anna: reach her phone at 941.225.3807 and email [email protected]

Website: https://www.alfapeakcapital.com/ 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“At the end of the day, it's a business, and there is an aspect of scale to it.” - Anna Latysheva

“Cash flow to them [passive investors] is not so important today, because they might love their jobs, they do not want to quit, but and they don't really care about passive cash flow today. But they want to keep growing and stacking their wealth.” - Anna Latysheva

“It's very easy to work in a business, right? Because you feel like man, I'm responsible for what's happening today. It's really difficult to work on a business where you take a step back and say, Hey, this is what I'm really struggling with.” - Fernando Arias

“We truly believe that everybody's connected, and we're here to do our dues and to make everybody's life better and elevate everybody along the way.” - Anna Latysheva

Welcome back to Small Axe Communities Podcast’s Season 2 of the Accountability series!

We continue to make the first few months of 2022 exciting as we follow the journey of the three other brand new multifamily investors we should look out for. 

All of the guests on the accountability series podcast have one thing in common - They all began this journey without having any multifamily units under management. The objective is to track their journey throughout the course of a year to see exactly what it takes to become successful in this space. Nico meets with each participant once per quarter, to get updated on progress and to follow their journey!

Stick to the end of the show and learn more about Michael, Bob, and Chris’ journey thus far. Let’s dive in!

[00:01 – 20:59] Michael Sanchez: A Business that Looks after People

• Mike saved for years before getting to Multifamily
• • Overcoming limiting beliefs
• What the Adaptive Reuse concept is all about
• • A conversion from abandonment to multifamily
  • Permitting changes 
  • What Mike’s team looks out today
• Mike and his sweet wife’s amazing role in the company
• • An invaluable part of the company
  • MTI’s story
  • How do they keep up with all they do
• The current deals they do and operate on
• Michael’s book title: People Helping People
• Connect with Mike in the links below

[21:00 – 43:01] Bob Mastroianni: Consider your comfort

• Bob was there when the market crashed
• • His strong foundation led to multifamily today
  • “Monopoly Plan”
• You can’t retire off a single deal done
• • Millenials have less barriers
  • “You can’t shovel the sunshine”
• People that Bob wants to partner with 
• • The deals that Bob considers
  • Bob’s plans for this upcoming quarter
• Bob’s book title: The One Who Broke the Chain
• • He never thought that he could own a home
• Connect with Bob through the links below

[43:02  – 01:04:56] Chris Southerland Jr.: The best way to turn your life around is now

• A struggling young man who sought financial freedom
• Why Chris wants to do more with real estate
• • His journey matters more than his destination
  • “I will” instead of “I hope so”
  • Chris takes his steps to changing the world little by little
• What made Chris changed his mind
• • He entered college to “delay” life
  • The Aha! Moment: his friend’s death
• Chris’ plans for his future deals
• • His target market
  • Earning while learning
  • A partnership with his dad
• Balancing two great commitments
• • What Chris’ routine looks like
  • Reading books and listening to audiobooks
• Chris’ book title: How my Grandpa used persistence to change the world
• Connect with him through the links below

Find out more and connect with Michael, Bob, and Chris through the following:

Michael: reach his phone at 505 507 2358 

Bob: follow him at Instagram, Facebook, and LinkedIn

Chris:  follow him at LinkedIn, or shoot him an email at [email protected]

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“The more she [his wife] fell in love with the multifamily space and the flipping, the more she was able to insert herself and now she’s just an invaluable part of our company. Without her, we wouldn’t get this done.” - Michael Sanchez

“We built the company around the company. Our mission statement, our vision, is one with a family mission statement and vision statement.. It’s a constant re evaluation that the most important thing in life is being looked after.” - Michael Sanchez

“I think there’s definitely a really strong place for someone on a team who wants to get the deal and bring it to the table and then go get the next one.” - Bob Mastroianni

“One of the lessons that I learned so far is that it’s good to be open to any opportunity but you really do need to figure out what your criteria is and what’s going to work best for what you’re looking for.” - Bob Mastroianni

“Decisions don't matter. What matters is how we execute.” - Nico Salgado

“It’s with realizing that there’s more to life to make your own purpose up and you can take control of yourself and lead where you want to go.” - Chris Southerland Jr.

Welcome back to Small Axe Communities Podcast’s Season 2 of the Accountability series!

We’re starting 2022 with a bang as we start to follow the journey of 6 brand new multifamily investors. All of the guests on the accountability series podcast have one thing in common - They all began this journey without having any multifamily units under management. The objective is to track their journey throughout the course of a year to see exactly what it takes to become successful in this space. Nico meets with each participant once per quarter, to get updated on progress and to follow their journey!

Stick to the end of the show and learn more about Alex Tam, Nancy Huynh, and Christina Kovacs. Let’s dive in!

[00:01 – 21:54] Alex Tam: The Diligent Chiropractor turned Investor

• We get to know more about Alex the Chiropractor
• • Realizing early on that this is a team sport
• Alex’s current approach to deals and his future partnerships
• Alex’s big goals for 2022
• • How Alex plans to cover their living expenses
  • Alex’s tips to others: it’s all about connection
• Alex’s core values you should also apply to you
• Alex’s book title: Generational Impact
• Connect to Alex in the links below
  
  

[21:55 – 41:20] Christina Kovacs: Overcoming Limited Beliefs

Here’s a bit about Christina:

Christina has been a Realtor in Florida since 2010 and Broker/Owner of The Home Agency since 2014. Her experience in the Real Estate industry started when she was 20 years old as a loan officer in the subprime mortgage industry. Apart from the servicing side of RE, she has been an active real estate investor since 2010. To date she has flipped or held >$5 mil in residential real estate holdings throughout FL, VT & CT. She is currently focused on growing her multifamily portfolio and is an LP in 670 units. She holds a BA in Philosophy with a minor in Business Admin from FIU. She is an avid traveler with a love for hosting great parties and lives by the motto "Find it. Live it." Sitting on the sidelines and hoping to achieve a goal won't get you anywhere. Take action and keep progressing forward.

• Let’s get to know Christina and her journey early on
• • Why she liked Jake and Gino community
• Christina wants to do capital raising this year
• • How the switch happened
  • Her loving family’s help and support
• Her plans for this year for her deals
• • Christina loves boots-in-the-ground deal
  • Excitement for syndication opportunities
• Christina’s book title: She Found It and Lived It
• Connect to Christina in the links below

[41:21  – 01:05:16]  Nancy Huynh: Don’t wait for courage to take action

Here’s a bit about her: 

Nancy is a physician, eye surgeon, and impact real estate investor.   As an ophthalmologist, she helps people see better so they can regain their identity, dignity, and vision for the future.  Nancy started investing in real estate to create passive income, hoping to regain control of her time and stop trading time for money.  She currently owns and operates a real estate investment portfolio in the Atlanta area.

She founded Clear Vision Investing to not only grow her own portfolio but also to help others realize the power of real estate investing.  She is passionate about helping others, especially physicians, gain financial literacy and achieve financial security through real estate investing.

As an impact investor, Nancy believes that real estate investing can deliver attractive financial returns while also making a positive social impact.  Part of the profits from her company is donated to give the gift of sight to someone in need.   Using real estate, she’s on a mission to cure preventable blindness globally.

Nancy is a graduate of Yale University and Harvard Medical School.  She currently lives in Atlanta, Georgia with her amazing husband and two young daughters.

• Let’s get to know more about Nancy
• • Nancy shares where she is currently in the journey
  • Handling her main job and her real estate passion
• Jake and Gino community resonates with Nancy
• Success principles from Nancy
• • Action generates courage
  • There’s never failure just feedback
• How nancy handles her current and future deals
• • Getting out of her closet
• Nancy’s book title: Making an Impact one day at a time
• Connect to Nancy in the links below

Find out more and connect with Alex, Christina, and Nancy through the following:

Alex: Call or Text him at 707 416 2681, Shoot him an email at [email protected] and reach out to his Facebook, and check out http://www.ZephyrEquityGroup.com/

Christina: Call or text her at 305 746 2783, shoot her an email at [email protected] check out her website www.christinakovacs.com. Find her on social media by searching her name.

Nancy: Shoot her an email at [email protected]. Don’t forget to check out her website https://clearvisioninvesting.com/ 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“One of the things that I learned from the Get-Go is that Real Estate is a team sport. My wife and I realized we can’t do this on our own.” - Alex Tam

“One of my core values is being inspirational, having the discipline and accountability and seeing that in everybody that’s been huge and I would love to continue doing the work with our current operators and people who have the same true values, mission and vision.” - Alex Tam

“This group makes what seems impossible possible. It’s so rewarding and inspiring just to be part of the group. [Jake and Gino Community]” - Christina Kovacs

“There is a growth mindset in that community that is contagious. That really attracted me to the Jake and Gino community.” - Nancy Huynh

“You’re not gonna get from step 1 to 10 overnight. Maybe you got to step 5, but that doesn’t mean you can’t get there to step 10.” - Nancy Huynh

Today’s special guest is Ryan Dumas. Ryan has been in the hospitality industry for 25 years. He  has vast knowledge in Apartments/Hotel/Assisted Living/Gas Station for Acquisitions, Refinancing, Investing, and consulting.

Stick to the end of the show and learn more about Ryan’s healthy approach to Real Estate business and his personal life. 

[00:01 – 11:11] Opening Segment

• Branding and building network is Ryan’s strength
• What’s with the lending space?
• • What happens in the market in the future
  • It changes weekly
• Some advices on bridge loans
• • Be careful and be diligent!

[11:12 – 19:41] Expert tips from Ryan

• The difference between amortization on commercial loans
• • Agencies and community banks
• Things to consider when picking a market
• • Your network is your net worth
  • Put yourself out there!
• Make sure you look and act professional
• Invest in a coach
• • Your growth is backwards if you don’t have a coach

[19:42 – 26:19]  The current deals Ryan is working on

• Make sure you are with the right people
• • Other’s years of experience are worth listening to
• What 2022 looks like for Ryan
• • His big ideas and travel goals
• An intentional approach to living life
• • Loving and caring for your family while you can
  • You can’t bring back time. Give it to your family.

[26:20 – 29:36] Closing Segment

• Ryan Dumas: The Provider
• Final words

Text or Call Ryan at: 727 729 2647

Shoot him an email at [email protected]

Follow Ryan on LinkedIn, and Facebook

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Tweetable Quotes:

“I think it's about branding yourself and building a network. That’s where I am good at.” - Ryan Dumas

“Make your resume look good. It doesn’t have to be a postcard or something, but make sure it looks good because the banks are going to see that.” - Ryan Dumas

“I really recommend getting a coaching program... Whoever you get, make sure you get a coach that’s good for you. It’s really good to have coaches, mentors, it’s not just about spending money, it’s spending money for something that you want to do to help you pursue where you are going.” - Ryan Dumas

“We don’t know when our last day is going to be.” - Ryan Dumas

1031 Exchanges can be stressful. Deadlines, how it works, new markets, and many other factors make 1031 Like Kind Exchanges (also called the Starker Exchange) confusing. 

Many investors want more cash flow, want a safe investment but don’t have the resources or direct knowledge to start or complete an exchange. Alex is a multifamily agent in Kansas and Missouri that ACTUALLY works with buyers. He has built a system around helping buyers succeed. Learn how cities of Kansas and Missouri have become such a great market to invest in, how you can establish boots on the ground, and complete a simplified approach to ensuring your exchange entails as little stress as possible. Hear what questions you should ask, how to keep the conversation going, and how to build a long lasting relationship in a cash flowing market.

As a commercial real estate investor himself, Alex understands the frustrations of not being able to locate off-market deals, not finding deals that have cash flow, and running into dead ends. Once you have an agent, learn how to build out your team, identify the core components of getting a transaction done, and get your deal across the finish line. Having helped clients complete over $50mm in sales through 35+ transactions, Alex is an expert in helping 1031 Exchange clients. Alex and his Colleague Logan Freeman are taking real estate brokerage to the next level. They have developed a proven system for helping 1031 exchange clients identify cash flowing deals, develop a trusted team, and ensure that your 1031 exchange money is secure.

Thank you for tuning again for today’s show! Let’s get into it.

[00:01 – 14:30] Opening Segment

• How Alex got to where he is today
• • The desire for more control found in Real Estate 
  • Losing his job was a blessing in disguise
• What is 1031 Exchange?
• • The rules that exist with 1031 exchange
  • What properties can you buy 
  • Transferring from single family to commercial deals
• What to do when things go downhill

[14:31 – 22:07] A Deep dive into the 1031 Exchange

• What is a qualified intermediary?
• • Location doesn’t matter
  • A trustworthy person is needed
• What Alex does to help his clients
• How Alex gets deal flow of sellers and buyers

[22:08 – 27:34]  A market in your backyard

• How Alex follows up with those whom he calls
• • The applications and the strategy
• Kansas City market 
• • What Alex likes about it
  • What’s currently happening in Kansas?

[27:35 – 30:11] Closing Segment

• Alex’s book: Wake Up, Work Hard
• Final words
• Connect with Alex:

Checkout his website, https://xchangecre.com/ and follow and subscribe to his socials: LinkedIn and Bigger Pockets

Shoot him an email at [email protected]

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Tweetable Quotes:

“Identify 3 properties early on in your identification period in your 45-day window, and we say that for a couple of reasons. One is: what if you get hit by a bus tomorrow and you’re in the hospital for 60 days?” - Alex A. Olson

“The qualified intermediary that I like for our clients is located in California because again, it’s agnostic. It doesn’t matter where you’re located.” - Alex A. Olson

“It’s a long process of relationship building.. Real Estate is a relationship business, and how you cultivate those relationships is going to determine your success. I’m talking about a long term success here in the Real Estate world.” - Alex A. Olson

“The first thing you ask yourself if you want to be an investor is: what market is in my backyard?” - Alex A. Olson