Looking for another form of diversification in real estate? Look no further than this episode.

Andrew Lanoie, founder and CEO of Four Peaks Capital Partners, is an expert in mobile home park investing. With over 1,600 mobile home lots in less than 5 years, Andrew and his team have become a leading investment firm for those looking to invest in an asset class other than single family or multifamily.

In this episode we discuss:

• Why Andrew started investing in mobile home parks
• What qualifies as a good park to invest in
• What type of financing is available
• How mobile home parks are improved
• Tax advantages
• Who the ideal investor is
• What separates Four Peaks Partners from the competitors

Books covered:

• Rich Dad Poor Dad
• ABC's of Real Estate Investing

Sources covered:

• Real Estate Guys
• Kathy Fettke
• Jason Hartman

Useful Tools:

• Podio
• Active Campaign
• Audible

Connect with Andrew Lanoie

www.fourpeakspartners.com

Download a free guide at

www.reservedinvestments.com

In this episode James Eng brings us a very experienced background in the financing space. 

James got his with GE Capital where he provided $750M in financing for all types of commercial real estate loans throughout Texas. Now at Old Capital Lending, he provides $150M in Texas multifamily properties every year. In addition, he is a limited partner in over 3,300 units across 13 properties. 

Topics covered in this episode:

• Differences between Fannie and Freddie
• What is a bridge loan
• When to engage James Eng
• How to make the lending process easier
• Length of time it takes to close
• State of the multifamily market
• Comparison of the major Texas markets

Resources and books recommended:

• NY Times Census Map
• Tools of Titans
• The 4-Hour Workweek

James Eng contact info

[email protected]

http://www.txmultifamily.com

Don't forget to sign up for our newsletter at http://committowealth.com

 

 

You've heard it said before.. "The power of your network" and "It's not what you know, but who you know". Yes, these two phrases are popular for a reason. 

Networking is one of the most important pieces to drive you towards your success. You must be willing to get out of your comfort zone and put yourself out there to grow. And to grow you must be willing to give value when you are networking. 

In this episode, we cover 5 key tips to help make your networking a success. 

1. Get out of your house and meet people!

2. Build long term friendships and relationships.

3. Focus on giving vs. getting. 

4. Be a resource to others. 

5. Remember the follow up. 

Don't forget to subscribe to the podcast and sign up for our FREE newsletter to stay up to date with the latest real estate investing news. http://committowealth.com

Patrick Duffy got his experience in the real estate capital markets space by underwriting and providing loans to multifamily investors. He felt he had more to offer due to his experience than what he was getting by working in Corporate America.

After a few years he decided to take the leap of faith and he quit his job to pursue his goal of being a principal in large multifamily deals, despite having little cash available. He began by finding the right partners and bringing them the deals.

Within a short while of consistent hustle, he was able to have over 1,200 units under contract and closed on over 500 units.

Find out how Patrick was able to jump in with little fear and become successful quickly.

Resources covered in this episode:

• Loopnet 
• Docusign
• Dropbox
• Michael Blank
• The Baupost Group

Books covered in this episode:

• The Real Estate Game
• Emerging Real Estate Markets

Don't forget to subscribe to the podcast to get the latest episodes!

If you're wanting to get into real estate investing but don't feel like you're ready to get into the larger deals, then today's episode is one for you. 

Jordan Moorhead is a fitness center owner and operator and a licensed real estate agent living in Minneapolis, Minnesota. He invests in real estate including buying smaller multifamily properties, doing Airbnb on some of his current properties, and is now working towards buying a mobile home park. 

If you are interested in getting started, listen to this episode as Jordan explains his strategies and gives us advice on what to do before getting started.

Resources covered in this episode:

• Docusign
• BiggerPockets
• Best Ever Real Estate Conference

Books covered in this episode:

• The One Thing
• The Millionaire Real Estate Investor

 

Don't forget to subscribe to the podcast to get the latest news and interviews!

http://committowealth.com

Do you ever feel like quitting and giving after being rejected or when things aren't going your way? It happens to most of us, we simply stop trying to get to our goals even if we know we must keep pushing towards them. 

Jack Ma went through these rejections and failures, time and time again. He failed several school entrance exams and was even rejected by Harvard, not once, not twice, but 10 times. When KFC came to China, 24 people applied for a job and 23 people were hired. He was the only 1 that was turned down.

After he was introduced to the internet, he was able to use that motivation to create a website and offered to sell products for local businesses. 

He used that experience to later launch one of the most successful and largest e-commerce businesses of today - Alibaba. 

Jack Ma is now worth over $41 billion and his company Alibaba is the largest online retailer in the world and has continued to expand and grow. 

If you ever feel like giving up, don't. Keep pushing despite your failures. You never know what you are capable of. 

 

Alibaba

 

Don't forget to subscribe to the podcast and leave me a 5 star rating and review if you found this motivating. Thank you. 

Ben has an IT background but wanted to create an additional source of income by investing in real estate. He came across a Rich Dad sponsored ad on Facebook and quickly signed up and attended. He took that education and training and got his start in real estate by wholesaling homes. He quickly realized he was basically buying himself another job and it was difficult for him to scale up. Then he joined a multifamily mentoring group in Dallas where he met his first business partner and got into his first syndicated multifamily property. He is now working on his 4th multifamily property as a syndicator. 

 

Resources discussed in this episode:

 

• Del Walmsley
• Rich Dad Education
• Brad Sumrok
• Think Multifamily
• Rich Dad Poor Dad

 

Tools discussed in this episode:

• Asana
• Mailchimp

 

Contact Ben Suttles:

[email protected]

Brian Burke is the founder and CEO of Praxis Capital. Founded in 2001, his firm operates on multiple platforms, focusing on several asset classes including single family homes, self storage, mixed-use, and large apartment complexes in several states. His team at Praxis has a combined 100+ years and $6.3 billion worth of experience in the multifamily sector, including management of over 90,000 multifamily units. In today's episode, we'll go over what Brian believes you should do to grow your multifamily business and what to look for. He provides great tips and strategies. Topics covered:

• Why he used his credit card to buy real estate when he first started
• What he learned about market corrections and what he did to avoid going under
• How his investors appreciated what he did for them
• What is IRR
• How his great team helped him grow and scale up quickly
• What you should pay attention to other than the deal

Resources covered:

• The Milken Institute - Best Performing Cities Index
• ULI
• REIS 
• Axiometrics
• CoStar

"Don't let emotion drive your decision."

Contact Brian Burke Praxis Capital

Please subscribe to the Commit to Wealth podcast to get the latest episodes! 

[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Podcast Embed" _builder_version="3.0.105" background_layout="light"] [/et_pb_text][et_pb_text _builder_version="3.0.105" background_layout="light"] Do you find yourself putting off tasks that you know needs to get done now? This episode will help get you to take action NOW to help accomplish your goals. Few areas that are discussed:

• Write down your goals AND set a deadline
• Picture and visualize what you want
• Get rid of any and all distractions
• Have an accountability partner
• Be around those who bring out the best in you
• Tell others about your goals because they'll eventually ask you
• Reward yourself
• Start NOW!

A couple apps discussed:

• Moment
• ATracker

"Imperfect action is better than perfect inaction."  - Harry Truman Please subscribe to the podcast to stay up to date with the latest Desire to Inspire Friday episodes! [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Mark Kenney graduated from Michigan State University in Accounting and started his working career as a CPA and IT consulting.  He has used some of this experience to help him become successful as a multifamily investor and syndicator. He is the founder of Think Multifamily based out of Dallas, Tx. He has over 20 years of experience and has a reputation of helping others reach their multifamily goals through education, mentoring, and networking.

He currently controls just over 2,600 units with properties in several states and is still continuing to grow.

Topics discussed in this episode:

• Rich Dad Poor Dad
• Think Multifamily
• Multifamily Tools/ Accelerators

And don't forget to subscribe and leave a comment below!