In today’s episode, we welcome, Mordy Chaimovitz (pronounced Chai-mow-its), he lives in Chicago, and now works for Weiss Properties, Inc. He was a 3rd-grade teacher for 11 years before he jumped head first into real estate, and he is excited to share his experiences with others.

In this episode, Mordy discusses the importance of having a strong relationship with a property manager in real estate investments. He explores how a good property manager can help you find reliable vendors, handle tenants, and maintenance issues, and potentially offer discounts on services and repairs. He discusses how economic uncertainty in each market. To learn more about Mordy and his work, listeners can visit LinkedIn!

[00:01 - 01:30] The Benefits Of Finding A Good Property Manager

• Mordy discusses how finding good property manager is priceless as they are a buffer between the owner and tenant

[01:31 - 11:55] Understanding The Bank’s Perspective On Underwriting In Uncertain Economic Times

• What makes a good property manager?
• Ask people who may have money to invest in your properties
• Consider a second job to support yourself while transitioning into real estate
• Speak with a banker to understand how they view the current economic environment
• Banks have different underwriting standards and may view deals differently
• Financing is an important factor to consider when looking at properties
• Local banks are great because they can easily access the property if something goes wrong
• Look at properties and consider what funding will look like

[11:56 - 17:19] Closing Segment

• Mordy shares his story from an 11-year teacher who left his job to pursue his passion in real estate

• To learn more about Mordy and his work, listeners can visit LinkedIn!

Tweetable Quotes:

“No matter what I was going to be doing, it had to be, for me, in the real estate world, I'm learning real estate. If I'm going to be working anywhere, it's not going to be, dishing out ice cream somewhere. It has to be something where I'm going to learn more about real estate.” – Mordy Chaimovitz

“For anybody who's thinking about not getting a property manager, think twice. Because my property manager paid for himself double more. It's very important.” – Mordy Chaimovitz

You can connect with Mordy Chaimovitz through his:

LinkedIn: Mordy Chaimovitz

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.

In today’s episode, we welcome, Mordy Chaimovitz (pronounced Chai-mow-its), he lives in Chicago, and now works for Weiss Properties, Inc. He was a 3rd-grade teacher for 11 years before he jumped headfirst into real estate, and he is excited to share his experiences with others.

In this episode, Mordy covers a variety of topics from networking, to asking for discounts when shopping, to real estate investing. He talks about the importance of having a good property manager, as it can help increase income and take away headaches associated with managing rentals. He emphasizes the importance of finding a good mentor and highlights the need to vet potential mentors in order to ensure that they are the right fit. To learn more about Mordy and his work, listeners can visit LinkedIn!

[00:01 - 01:30] Closing Your First Deal

• Mordy is introduced to the show!

• He used to be a teacher and transitioned into the real estate space

[01:31 - 11:55] Vetting And Choosing The Best Property Manager

• He has experienced growth over the past year due to his teaching background
• Don’t be shy to ask people questions and learn about different spaces
• He taught concepts such as depreciation, cap rate, etc.
• He recommends a book to read to understand the basics of real estate investing
• Finding a deal through proctoring at a local high school
• Miscommunication between seller and buyer on what “done” meant
• How he decided to get a property manager to avoid being a landlord

[11:56 - 17:19] Closing Segment

• Mordy advises listeners that finding good employees are hard to find and vetting potential employees are important

• To learn more about Mordy and his work, listeners can visit LinkedIn!

Tweetable Quotes:

“Don't be afraid of yourself. Just ask somebody.” – Mordy Chaimovitz

“Get a property manager, a good one. They're hard to find. You got to vet them, but get one.” – Mordy Chaimovitz

You can connect with Mordy Chaimovitz through his:

LinkedIn: Mordy Chaimovitz

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.

Dr. Alex Tam is the owner of four fast-growing businesses, from medical to real estate investment to staffing and performance marketing. He is an expert on founding and growing businesses, motivating teams, and exploiting market opportunities to serve his clients.

Dr. Tam’s company, Zephyr Equity Group, manages and has invested in over five hundred multi-family units across the southern United States.

Dr. Tam is a top guest on interview podcasts, sharing his wisdom and experience across his various areas of expertise.

In this episode, Dr. Tam discusses why double dialing works, how principles used in medicine can be applied to real estate investing, and how switching up approaches can lead to different results. He shares his journey from making assumptions about investors’ needs to understanding how important it is to listen first, build relationships, and provide value. To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

[00:01 - 01:30] Building Relationships With Investors

• Dr. Tam discusses how property management is a crucial part of your team how to operate a property

[01:31 - 11:55] Unlocking The Power Of Creative Thinking In Business

• Vertically integrating is an option when adding more properties
• Learning to build relationships with investors and learning more about capital raising
• Double dialing (calling someone twice) can be effective in getting a response
• Transferrable skills from one industry to another can be beneficial in business
• Knowing investors’ goals and pain points helps build relationships and stand out

[11:56 - 17:19] Closing Segment

• Dr. Tam advises listeners to ask questions to be able to understand why people are investing is important

• To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

Tweetable Quotes:

“We got to do the hard things that other people won't want to do. And that's okay.” – Dr. Alex Tam

“Everyone's trying to get people to invest money with them, but when you have built a relationship and understand why they're doing it, it makes you stand out.” – Dr. Alex Tam

You can connect with Dr. Alex Tam through his:

Website: Zephyr Equity

Instagram: Dr. Alex Tam

Facebook: Dr. Alex Tam

Twitter: Dr. Alex Tam

LinkedIn: Dr. Alex Tam

YouTube: Dr. Alex Tam

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.</

Dr. Alex Tam is the owner of four fast-growing businesses, from medical to real estate investment to staffing and performance marketing. He is an expert on founding and growing businesses, motivating teams, and exploiting market opportunities to serve his clients.

Dr. Tam’s company, Zephyr Equity Group, manages and has invested in over five hundred multi-family units across the southern United States.

Dr. Tam is a top guest on interview podcasts, sharing his wisdom and experience across his various areas of expertise.

In this episode, Dr. Tam explores the life-changing impact of having a virtual assistant (VA) and discusses how to add value through marketing and virtual assistants. He has been hiring VAs since 2016 and now runs an agency that helps people find VAs abroad. He talks about developing e-commerce stores, multifamily projects, potential income streams, and additional storage on properties. To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

[00:01 - 03:10] Maximizing Income Streams In Multi-Family Projects

• Dr. Tam discusses how the relationship is key in real estate investing

• Adding value is key in real estate investing

[03:11 - 11:18] Life-Changing Benefits Of Having A Virtual Assitant

• High performers often have difficulty with organization
• Having a VA can help with organization, daily posts, graphics, and content
• VAs can help reduce stress by setting up calendars, reminding of meetings, and staying on top of tasks
• VAs can be used for a variety of tasks such as personal assistant, phone callers, bookkeeping, etc.
• A shared understanding of strengths between introverts and extroverts
• The residential to multi-family transition was difficult

[11:19 - 17:55] Closing Segment

• Dr. Tam advises listeners to understand the importance of having a strong team as you consider additional income streams including storage units, covered parking, pet fees, and move-in/move-out fees

• To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

Tweetable Quotes:

“Ultimately what you have to look at is when you charge all of that, it comes out to whatever people are paying for rent.” – Dr. Alex Tam

“We help them find the help abroad and it's been life-changing for a lot of people.” – Dr. Alex Tam

You can connect with Dr. Alex Tam through his:

Website: Zephyr Equity

Instagram: Dr. Alex Tam

Facebook: Dr. Alex Tam

Twitter: Dr. Alex Tam

LinkedIn: Dr. Alex Tam

YouTube: Dr. Alex Tam

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investment

Dr. Alex Tam is the owner of four fast-growing businesses, from medical to real estate investment to staffing and performance marketing. He is an expert on founding and growing businesses, motivating teams, and exploiting market opportunities to serve his clients.

Dr. Tam’s company, Zephyr Equity Group, manages and has invested in over five hundred multi-family units across the southern United States.

Dr. Tam is a top guest on interview podcasts, sharing his wisdom and experience across his various areas of expertise.

In this episode, Dr. Tam discusses his experience with reaching out to someone on Grant Cardone’s team and joining a coaching program called “Jake and Gino”, as well as the importance of relationships in the syndication business. He shares his experiences with capital raising and the difficulty of getting their first GP deal across the finish line. To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

[00:01 - 02:22] Finding Success In Syndications And Multi-Family Deals

• How Dr. Tam got into real estate through Grant Cardone’s team and joined the “Jake and Gino” coaching program

[02:23 - 11:00] Inspiring New Possibilities In Finances And Passive Income For The Next Generation

• The relationship drive approach is emphasized in the syndication business
• Capital raising is not as easy as people think it is
• Building relationships with investors and gaining their trust is key
• Investors need to trust the sponsor, not necessarily the deal
• Programs that focus on relationship building and understanding investors’ financial details are important

[11:01 - 14:50] Closing Segment

• Dr. Tam advises listeners that it is important to understand why an investor is doing this and what other financial responsibilities they have

• To learn more about Dr. Tam and his work, listeners can visit Zephyr Equity!

Tweetable Quotes:

“Building relationships and adding value has definitely been a key for us.” – Dr. Alex Tam

“What I've realized is they have to trust me, not so much the deal. They can care less what the deal is. Most people don't even know how to underwrite… No one wants to want to know that. A lot of people don't. So, it comes down to you as a person, can they trust you as a person?” – Dr. Alex Tam

You can connect with Dr. Alex Tam through his:

Website: Zephyr Equity

Instagram: Dr. Alex Tam

Facebook: Dr. Alex Tam

Twitter: Dr. Alex Tam

LinkedIn: Dr. Alex Tam

YouTube: Dr. Alex Tam

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, http

Rama Krishna is the Founder of USHA Investment Group LLC. Rama Krishna Chunchu has a B.E in Mechanical Engineering from Osmania University, India, and corporate background in I.T. Investing in Real Estate since 2015 in North Carolina, FL, and MD. Equity partner in 750+ units’ multifamily assets, in FL, MD, and NC markets. GP in 64 units. He is an organizer of the “Multifamily AP360 Virtual Conference”.

He is the host of the podcast, “Multifamily AP360 (Earlier – Creating Wealth through Passive Apartment Investing.)

In this episode, Rama discusses ways to increase revenue on properties such as adding dog parks or carpools and offering WIFI packages as potential income streams. He dives into changes in the multi-family industry such as inflation, underwriting lower loan-to-value ratios, and mezzanine debt. To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

[00:01 - 02:37] Knowing And Understanding Your Market

• Rama discusses how investing in your backyard to take advantage of knowing the market

[02:38 - 10:48] Providing Convenience And Safety For Residents

• Ways to increase revenue on the property include adding a dog park area, carpool, and WIFI package

• Amazon boxes can be used as a convenience item, but not an income stream

• Laundry contracts can be challenging to get out of

• Vending machines for laundry items could provide convenience to residents

• Covered parking could provide protection from hail and show residents that their biggest asset is valued

• Assigned parking lots are another good option

• Clubhouse rooms are often underutilized and could be used as an additional income stream
• Exploring the option of mezzanine debt to increase leverage and fill gaps in capital raising

[10:49 - 15:50] Closing Segment

• Rama advises listeners that learning from other people in the real estate investment space is key to success

• To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

Tweetable Quotes:

“That's a company to advantage. So, knowing that market is very, very important. So, what is the submarket? Whether we can increase our rent, and all those things. You will get that information through understanding the market.” – Rama Krishna

“Real estate is 80% is a mindset and 20% is mechanics.” – Rama Krishna

You can connect with Rama through his:

Website: USHA Investment Group LLC

LinkedIn: Rama Krishna

Instagram: Rama Krishna

Twitter: Rama Krishna

Facebook: Rama Krishna

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Con

Rama Krishna is the Founder of USHA Investment Group LLC. Rama Krishna Chunchu has a B.E in Mechanical Engineering from Osmania University, India, and corporate background in I.T. Investing in Real Estate since 2015 in North Carolina, FL, and MD. Equity partner in 750+ units’ multifamily assets, in FL, MD, and NC markets. GP in 64 units. He is an organizer of the “Multifamily AP360 Virtual Conference”.

He is the host of the podcast, “Multifamily AP360 (Earlier – Creating Wealth through Passive Apartment Investing.)

In this episode, Rama shares his experiences in multi-family property investing and how they have created thought leadership platforms and built strong communities by focusing on just a few markets. He talks about the different benefits of multi-family properties, such as cost-cutting and spreading expenses across multiple units, as well as the need for full-time maintenance and leasing staff. To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

[00:01 - 01:53] Connecting With The Community Through Consistency

• Rama talks about the power of persuasion including consistency within a single person and consistency between the person and their podcast

[01:54 - 13:26] Focusing On A Few Markets To Achieve Better Results

• People are drawn to consistency

• Building a tribe of “raging fans”

• Adding value and building community to establish yourself as an expert

• Positioning yourself as a successful real estate investor

• Building trust and likability to raise capital for bigger deals

• The multi-family space offers good support from experienced operators and colleagues

[13:27 - 17:24] Closing Segment

• Rama advises listeners to build relationships with brokers and property management companies in different markets

• To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

Tweetable Quotes:

“As a podcaster, our conference, we are building community, and also we are adding value to our followers. As long as if you're consistently adding that value, and if we have the right kind of people in that community, that will help you for everyone.” – Rama Krishna

“I want to hyper-focus on a few markets so that I will get better results, and I can build better relationships with brokers and property management companies in those markets.” – Rama Krishna

You can connect with Rama through his:

Website: USHA Investment Group LLC

LinkedIn: Rama Krishna

Instagram: Rama Krishna

Twitter: Rama Krishna

Facebook: Rama Krishna

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Rama Krishna is the Founder of USHA Investment Group LLC. Rama Krishna Chunchu has a B.E in Mechanical Engineering from Osmania University, India, and corporate background in I.T. Investing in Real Estate since 2015 in North Carolina, FL, and MD. Equity partner in 750+ units’ multifamily assets, in FL, MD, and NC markets. GP in 64 units. He is an organizer of the “Multifamily AP360 Virtual Conference”.

He is the host of the podcast, “Multifamily AP360 (Earlier – Creating Wealth through Passive Apartment Investing.)

In this episode, Rama discusses the advantages of multi-family property investments over residential, from scalability and financing benefits to easier management and effort. He highlights the passive nature of multi-family investments compared to residential investments and how investors can expect mailbox money distributions from their investments. To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

[00:01 - 01:51] Scalability, Financing, And Mailbox Money

• Rama has started investing in real estate
• He discusses the infinite returns they get from residential investments

[01:52 - 12:09] Establishing A Network In Multi-Family Real Estate

• How he started multi-family investing on the passive side five years ago
• Cost segregation is not going away but is structured differently
• Jumping from residential to multi-family for scalability and financing aspects
• Easier to manage multiple properties in one location with third-party property management
• Passive investor in multi-family receives mailbox money distributions
• Getting a coach or a mentor can help speed up the learning process and provide valuable experiences and mistakes to learn form
• Networking is crucial when it comes to multi-family investing
• Mastermind groups and building a network are important for multi-family investing
• Focus on transferrable skills such as analytical skills, underwriting, and asset management

[12:10 - 17:57] Closing Segment

• Rama advises listeners that different investors bring different experiences, motivations, challenges, and habits
• To learn more about Rama and his work, listeners can visit USHA Investment Group LLC!

Tweetable Quotes:

“If it comes to the real estate side, the single-family side also has no issues. We can manage ourselves, we can purchase all the stuff. But when it comes to multi-family space, building that network is very, very crucial.” – Rama Krishna

“Different investors bring different kinds of experiences.” – Rama Krishna

You can connect with Rama through his:

Website: USHA Investment Group LLC

LinkedIn: Rama Krishna

Instagram: Rama Krishna

Twitter: Rama Krishna

Facebook: Rama Krishna

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

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypr

Mike Hardy is a true renaissance man – he’s an Ironman, student pilot, real estate investor, sought-after speaker, leadership expert, fund manager, and a business coach for mortgage and real estate professionals. He has spoken at national conferences and events such as Todd Duncan’s High Trust Sales Mastery, with an audience of over 30,000 people, and has been quoted on Fox Business News and interviewed by USA Today.

Mike is an authority in the real estate and mortgage business, often sought out for his unique insights into such issues as the comparison between the 2007 and 2022 housing markets. He is currently the Managing Partner of California & Nevada business for Churchill Mortgage, leading a top 1% nationwide $100 million origination team, and overseeing 30 employees managing $500 million. His teams help more than 1,200 families annually with a purchase or refinance.

As the Principal and Co-Founder of CYRUS Opportunity Zone Fund, Mike lends his expertise to helping investors harness the power of tax-free investing through OZs. CYRUS was launched in 2019 and is currently working towards developing 100+ cash-flowing units in addition to multiple fix and flip projects.

Mike is a husband of 25 years, a father to 4 kids, and is actively involved in philanthropic efforts throughout his Southern California community. He loves using his experience to add value to people's lives through speaking, coaching, and mentorship.

In this episode, Mike dives into the importance of self-care and how it can help you break out of a negative cycle. He discusses his experiences with recognizing emotional vampires, managing their energy levels, and understanding morality. He shares his experience of finding an accountant who understands what you bring them and offers advice on how to make informed decisions that are beneficial for your finances. To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

[00:01 - 01:51] Unlocking Optimal Wellbeing Through The Core Four

• Mike discusses being intentional and understanding that you can learn from anyone
• Picking your battles and recognizing when a conversation isn’t worth getting involved in

[01:52 - 14:01] Prioritizing Your Health Through Self-Discovery And Mind Management

• Understanding the energy people bring and the frequency they operate with
• Identifying emotional vampires who suck all the happiness out of a room
• Holistic health includes mental, spiritual, and physical health
• The core four processes every morning to get your mind right:
• Proper nutrition
• Prayer or meditation or journaling
• Thoughtful for your family
• Learn and teach something new
• Health is not only for the wealthy but for those who understand its worth
• Prioritizing health is important as it cannot be regained once lost

[14:02 - 19:52] Closing Segment

• Mike advises listeners how forward-thinking accountants can offer more beneficial tax strategies and that finding trustworthy experts to provide guidance is important
• To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

Tweetable Quotes:

“I'm a believer that your outside is always a reflection of your inside over time. And your business is always going to be a trailing effect of how you show up in all areas of life.” – Mike Hardy

“When you find the team that allows you to run fast and not get caught in a trap that you're not aware of.” – Mike Hardy

You can connect with Mike through his:

Website:

Mike Hardy is a true renaissance man – he’s an Ironman, student pilot, real estate investor, sought-after speaker, leadership expert, fund manager, and a business coach for mortgage and real estate professionals. He has spoken at national conferences and events such as Todd Duncan’s High Trust Sales Mastery, with an audience of over 30,000 people, and has been quoted on Fox Business News and interviewed by USA Today.

Mike is an authority in the real estate and mortgage business, often sought out for his unique insights into such issues as the comparison between the 2007 and 2022 housing markets. He is currently the Managing Partner of California & Nevada business for Churchill Mortgage, leading a top 1% nationwide $100 million origination team, and overseeing 30 employees managing $500 million. His teams help more than 1,200 families annually with a purchase or refinance.

As the Principal and Co-Founder of CYRUS Opportunity Zone Fund, Mike lends his expertise to helping investors harness the power of tax-free investing through OZs. CYRUS was launched in 2019 and is currently working towards developing 100+ cash-flowing units in addition to multiple fix and flip projects.

Mike is a husband of 25 years, a father to 4 kids, and is actively involved in philanthropic efforts throughout his Southern California community. He loves using his experience to add value to people's lives through speaking, coaching, and mentorship.

In this episode, Mike discusses the different methods of making money – trading time for money, keeping money, and growing money – assesses what skill sets are needed for each. He explores how incentives are aligned and how capital is being attracted to hard-hit areas, leading to improved standards of living and businesses. He reflects on the importance of having the right mindset and environment to create meaningful opportunities in life. To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

[00:01 - 02:50] Exploring The Benefits Of Creating Businesses And Jobs

• Mike shares how investors can benefit from investing in opportunity zones, which provide tax advantages

• Aligning incentives and value creation by bringing capital and investment to improve areas

[02:51 - 07:42] Unlocking The Possibilities Of Money

• Creating a business or creating jobs can create opportunity, fund more jobs, and improve the GDP

• Every person’s debt is somebody else’s asset

• We have the choice to be a problem seeker or possibility thinker

• Taking time to think can uncover opportunities that are right in front of us

• The fear of putting money with someone else and trusting them

• The three mindsets and skillsets when it comes to money:

• Trading time for money

• Keeping money efficiently, including tax strategy

• Growing money through investing and efficient tax strategy

[07:43 - 18:32] Closing Segment

• Mike says that opportunity is everywhere if you slow down and create the right environment

• To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

Tweetable Quotes:

“You make a living by what you get, but you really make a life by what you give.” – Mike Hardy

“Every person's debt is somebody else's asset.” – Mike Hardy

You can connect with Mike through his:

Website: