Taking Action with Multifamily

Tim Diesel is a commercial real estate executive, entrepreneur, and best-selling author. With nearly 20 years of industry experience, he is a frequent speaker at business seminars, sales conferences, corporate training, and various investment events. He has spoken to thousands of people across the country, inspiring and educating those who want to build and grow their business.

[00:01 – 08:13] Who is Tim Diesel?

• I introduce and welcome guest Tim Diesel
• Tim shares his story, how it all began.
  • Started with single-family properties (the problem is scalability)
  • Transitioning to multifamily
  • Discovering his passion

[08:14 – 15:40] Building Your A-Team

• Building your A-team. What do you need?
• Tim’s tips for building an A-team
• Start with your Top 3
  • Broker
  • Lender
  • Property Manager

[15:41 – 24:01] The Multifamily Industry

• The overlooked aspects of the multifamily industry
• What are you trying to do?
• Why are you doing this?
• Why are you even looking at an apartment building?
• It’s okay to start small.
• Are you looking for properties? Tim shares his process on how he finds deals!

[24:02 – 27:37] TIME TO TAKE ACTION

• What are THREE things or steps that our listeners could do today that would move them forward?
• Find a broker
• Find a property
• Make an offer
• Final thoughts
• Connect with Tim online. See the links below.

Tweetable Quotes:

“If you have a great deal, bad management will run it into the ground. But If you have a bad deal, good management will raise it up. So, management is so important. It’s so underrated.” – Tim Diesel

“I teach people how to buy properly, correctly, and build your own portfolio. I don’t teach people how to gather sums of money and buy this and do that. That’s fantastic; there’s people doing it. But start small, you don’t need to start so big.” – Tim Diesel

Resources Mentioned:

• Dominate Commercial Real Estate by Tim Diesel

Find out more about Tim by visiting the Diesel Commercial Group website. Follow him on his personal website and LinkedIn.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Yonah Weiss is a powerhouse with property owners' tax savings. As a Business Director at Madison SPECS, he has helped clients save tens of millions of dollars on taxes through cost segregation. Yonah has a background in teaching and a passion for real estate and helping others. He is a real estate investor and the host of the Weiss Advice podcast.

[00:01 – 09:37] The Cost Segregation King

• I introduce and welcome guest, Yonah Weiss
• Yonah walks us through the cost segregation world
• A way to save money on taxes
• Difference between depreciation and cost segregation
• What parts of the property are assessed for the cost segregation study?

[09:38 – 20:04] Save Money on Taxes

• Cost segregation applies to any property
• The proportion of tax benefits is dependent on the purchase price
• The higher the purchase price, the higher the tax benefits
• Tax benefits are higher the sooner you apply cost segregation
• Still have considerable tax returns for properties you've owned for 5-10 years
• Yonah discusses other facts about cost segregation and other tax concerns for real estate owners
  • Bonus depreciation
  • Depreciation recapture tax

[20:05 – 25:57] TIME TO TAKE ACTION

• What are THREE things or steps that our listeners could do today that would move them forward in their real estate careers?
• Go to LinkedIn and connect with Yonah and other people.
• Go to Yonah's website.
• See what comes off when you google yourself.
• Connect with Yonah online! See the links below.
• Final thoughts

Tweetable Quotes:

"You are gonna get the best benefit the sooner you do [cost segregation]. As time goes on, you're gonna lose the tax benefit." – Yonah Weiss

"Your money is worth a lot more as it is now than it will be 5 years from now. That's for sure." – Yonah Weiss

Resources Mentioned:

• Weiss Advice
• Cost Segregation definition
• Bonus Depreciation definition
• Depreciation Recapture Tax definition
• Gary Vaynerchuck

You can connect with Yonah on LinkedIn or visit his website and learn the 10 Ways to Optimize your LinkedIn profile. Visit Madison SPECS website for more information.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

There’s no shame in starting out small. As long as you keep on moving forward and growing, you can achieve your goals. Joining us today is the multifamily syndicator, Anthony Scandariato. Anthony co-founded Red Knight Properties, and he is the host of the Discovering Multifamily podcast.

Dive in with us today as we unravel the opportunities that await you in multifamily.

[00:01 – 09:59] Opening Segment

• I introduce and welcome guest, Anthony Scandariato
• Anthony talks a bit about his background and what Red Knight Properties is all about
  • Shares the story of how he got into real estate
  • From office spaces to focusing on multifamily
• Positive cashflow hooked him into multifamily

[10:00 – 16:44] Syndication

• Anthony talks about syndications
• What it means to him
• Gives you the ability to acquire larger properties
• What does a cap rate mean?

[16:45 – 26:46] The Mindset

• Anthony shares his journey of acquiring almost 30-million dollars of assets under management
• The mindset to achieving your goals
• Less is sometimes more
• The importance of transparency

[26:47 – 31:11] TIME TO TAKE ACTION

• What are THREE things or steps that our listeners could do today that would move them forward?
• Get educated. There’s a lot of available resources you can find.
• Find mentors to guide you.
• Connect with Anthony online! See the links below.
• Final words from me

Tweetable Quotes:

“Starting out small is not such a bad thing.” – Anthony Scandariato.

“Grow smartly.” – Anthony Scandariato.

“Less is sometimes more. But I think we got it down to where everybody is comfortable.” – Anthony Scandariato.

“There’s a time where you don’t want to give out too much information. It’s still good, especially starting out. You want to be able to provide a comfortable level, but once you build that trust, it’s less and less.” – Anthony Scandariato.

Resources Mentioned:

• Tony Robbins
• Red Knight Properties website
• Anthony’s podcast
• BiggerPockets
• Best Ever Apartment Syndication Book by Joe Fairless

You can connect with Anthony on LinkedIn. Visit their website https://redknightproperties.com/ and grab free resources. Listen to his podcast, Discovering Multifamily.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Today I had the pleasure of speaking with the managing director at Safe Harbor Investments, Frank Greco.

Let’s dive right in and listen to why education and action must always work together.

[00:01 – 08:52] Opening Segment

• I welcome our guest, Frank Greco, to the show
  • Frank shares his background and how his journey began
• Frank talks about what prepared him the most in his transition to real estate

[08:53 – 19:28] Recession Resistant

• Frank shares his view on the effect of COVID-19 on the multifamily real estate market

[19:29 – 27:10] Education+Action

• Frank explains what he means by “Education is fine. Action is final.”

[27:11 – 35:10] TIME TO TAKE ACTION Segment

• What are THREE things or steps that our listeners could do today that would move them forward in investing in multifamily?
• Get your financial house in order
• It’s important to get to know yourself
• Find people going or are already where you want to be
• Be careful how you spend your days with time management
• Where can our listeners find you or connect with you?
  • See the links below
• Final words from me

Tweetable Quotes:

“The typical millionaire is a small business owner that just works hard in the business that they love, and they typically own the lands where their business is located.” – Frank Greco

“Education is fine. Action is final.” – Frank Greco

“It’s always good to learn, it’s always good to read, and it’s always good to, you know, hear what’s going on, but you need to take the action. Without that, you’ll never get there.” – Frank Greco

Resources Mentioned:

• The Millionaire Next Door by Thomas Stanley
• Rich Dad Poor Dad by Robert Kiyosaki

You can connect with Frank on LinkedIn, Instagram, and Facebook. Send him an email at [email protected]

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Today I had the pleasure of speaking with entrepreneur, podcast host, real estate investor, and founder of Community First Investment Group and The Fortes Company, John Fortes.

Let’s dive right into John’s story about how running at your own pace leads you to the same finish line.

[00:01 – 06:12] Opening Segment

• I welcome our guest, John Fortes, to the show
  • John shares the story of how his journey began.

[06:13 – 12:04] The Shift

• John talks about his mindset shift from trading in the stock market to investing in real estate

[12:05 – 22:54] The Multifamily Real Estate Process

• Let’s hear from John about his process and strategies
• The importance of having partners

[22:55 – 28:46] What is a Joint Venture?

• Difference between a JV and syndication
• The "Who Cares?" mindset

[28:47 – 36:16] TIME TO TAKE ACTION Segment

• What are THREE things or steps that our listeners could do today that would move them forward in investing in multifamily?
  • Investor confidence and understand the concepts of real estate
  • Explore and prepare
  • Network responses
• Where can our listeners find you or connect with you?
  • See links below
• Final words from me

Tweetable Quotes:

“I’m not gonna let other people define where I go, how I go, or what I need to know. You’re not gonna answer my question; someone else will. I just gotta ask a million people.” – John Fortes

You can connect with John on LinkedIn, Instagram, and Twitter. To know more about multifamily investing and opportunities, visit his website johnfortes.com. Listen to his podcast, The Passive Investor Show, for tips and information on how you can earn passively.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Today I had the pleasure of speaking with the host of Investing in the U.S. podcast, best-selling author, and co-founder of Wildhorn Capital, Reed Goossens.

[00:01 – 03:37] Who is Reed Goossens?

• Reed talks about his background.

[03:38 – 09:20] The Switch

• Reed reminisces about his career as a structural engineer and discusses his transition to real estate

[09:21 – 20:18] Push the Boundaries

• Reed dives into his real estate journey and shares some advice before you get into syndications
• Always be self-aware and self-assess your skill sets

[20:19 – 27:08] Your Own Personal Brand

• Reed explains why it’s important to build your own brand

[27:09 – 29:54] TIME TO TAKE ACTION Segment

• What are THREE actionable steps that our listeners could do today to move them forward in investing in multifamily?
  • Join networking events and surround yourself with like-minded people
• Connect with Reed online. See the links below.

Tweetable Quotes:

“If I can move halfway across the world and give it a crack and give it a go, then the average American can.” – Reed Goossens

You can connect with Reed on https://www.reedgoossens.com/. Grab a copy of his book Investing in the U.S. and 10,000 Miles to the American Dream.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Today I have the pleasure of speaking with the Co-Founder of CF Capital and host of the Elevate Podcast, Tyler Chesser.

Let’s dive in and learn from Tyler as a thought leader how your personal growth and investing in yourself can bring you and your business to higher levels 

[00:01 – 05:46] Opening Segment

• I introduce Tyler Chesser to the show
  • Expert real estate investor, personal growth thought leader, podcast host
• Tyler talks a bit about himself and his story
  • Growth as a person and mindset can grow your business

[05:47 – 19:33] Your Personal Growth will Affect Your Business 

• Tyler talks about reaching higher levels in life through learning and self-betterment 
  • Following the shiny object is just the first step
• Tyler talks about how personal development can directly impact your business
  • Refining your goals, skills, and perspective  
  • Study, learn and apply 
  • Be cognizant of your health 
• Tyler talks about fighting against the Herd Mentality 
  • Stay humble, you don’t have all the answers 
  • Be the one willing to do the hard things
• Be comfortable with being uncomfortable 

[19:34 – 28:12] Personal Investments 

• Invest in a mentor or coach that you resonate with 
• Invest in your own learning 
  • Podcasts, books, etc 
• Invest in perspective/self-awareness with people who think differently from you
• Invest in your health and what you put in your body 
• You have to be multifaceted 
• You need to be rapidly evolving as a human being to excel in the fast-paced environment of real estate 

[28:13 – 36:16] Time to Take ACTION

• How to go from absorbing info to taking action? 3-steps to take right now
  • Know your unique learning style
  • Write down key distinctions and how you can apply it
  • Take action as soon as possible by doing, delegating, delaying, or dumping
• Final words from me

Tweetable Quotes:

“I realized that the only way I was going to reach that level was going to be to really expand my own capacity, skills, psychology, and health; to be a well-rounded individual and think bigger.” - Tyler Chesser 

You can connect with Tyler on Twitter, LinkedIn, and Instagram, or email him at [email protected]. Visit his website https://tylerchesser.com/coaching and listen to  Elevate Podcast to learn more.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected]. Follow me on Instagram @takingactionpod, to get regular updates on content and upcoming episodes.

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Today I had the pleasure of speaking with the active real estate syndicator and investor, founder of Yarusi Holdings, and host of The Jason and Pili Project YouTube channel and podcast, Jason Yarusi.

[00:01 – 05:34] Opening Segment

• Jason talks about his background and how his journey began

[05:35 – 13:40] Surround Yourself with the Right People

• Jason shares the story of how he got into real estate

[13:41 – 18:53] Jason and Pili’s Multifamily Foundation

• Jason talks about why they dived into educating people
• We talk about the book The Go-Giver

[18:54 – 25:08] What is Underwriting?

• Jason gives advice for first-time investors.
• Jason talks about underwriting and how he reached such a high-level underwriting skill.

[25:09 – 29:40] Higher-Level Mindset

• Focus on your strength and find people that will fill your weaknesses

[29:41 – 32:25] TIME TO TAKE ACTION Segment

• What are THREE actionable steps that our listeners could do today to move them forward in real estate investing?
  • Keep listening to your podcast
  • What do you want?
  • Think about what that first logical step is that will get you into that journey
  • Think about the next piece of that logical step to push your journey forward
• Connect with Jason online. See links below.

Tweetable Quotes:

“Lots of management is empowering people to be able to do what they do best because if you’re a leader who just assumes that everybody is gonna come to you and you have to do everything and catch everything, you’re gonna stop the flow of success.” – Jason Yarusi

You can connect with Jason on Instagram.  Listen to their Podcast, The Jason and Pili Project.

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book

Welcome to Taking Action with Multifamily! I’m your host Amir Nassar, and I’d like to take you on a journey to get you equipped with all the essentials needed to get started in Multifamily investing. Along the way, I will include interviews with world-class guests from within the field, which will help you gain knowledge and take action. 

We’re all learning, even myself, so let’s do it together. 

[00:01 – 01:20] Opening Segment

• Welcome to our first episode
  • I want to share all that I’ve learned with you

[01:21 – 06:26] My Story

• I talk about who I am and how I got started in investing
  • Began by learning all I could to stop trading hours for dollars
  • I immersed myself in Multifamily and it worked for me
• I get excited about handing out knowledge to other aspiring investors
• What do you need to get started?
  •  Psychology 

[06:27 – 36:16] Closing Segment 

• Dissecting the industry with future guests - Stay tuned
• Final words from me

Tweetable Quotes:

“You need to hold yourself to high standards. You need to have the proper mindset to go into this…” - Amir Nassar

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

Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book