The Side Hustle and Business Show with Eric Lindsey

In today’s episode, we chat with Kristopher Morin, who successfully balanced a demanding corporate career at Accenture with a side real estate flipping business. Despite a hectic schedule, he scaled his investments into multifamily apartments, sharing insights for busy professionals looking to enter real estate.

Key Highlights:

Real Estate Transaction

Kristopher discussed a 50-unit apartment complex deal in Southern Indiana. Sourced through a regional broker, it involved a 7.75% interest rate loan. Key steps included:

• Finding the Deal: Established trust through previous transactions.
• Financing: Secured a loan with anticipated cash flow stabilization.
• Execution: Focused on maintenance and income improvements.
• Exit Strategy: Aligned incentives between management and investors.

Key Advice

• For New Investors: Avoid chasing trends; understand the economics of deals.
• Balancing Life and Work: Delegate tasks and communicate with family about sacrifices.
• Limited Resources: Network with experienced investors and play to your strengths.
• Passive Investing: Multifamily real estate offers strong returns and diversification.

Kristopher’s Journey

He began flipping homes while working full-time, transitioning to multifamily investing for better financial independence. He recommends starting with multifamily properties for long-term wealth.

Management Tips

For smaller complexes, sharing staff across properties can control costs. Partnering with aligned property management companies is essential.

Raising Rents

When increasing rents, research local comps and remain competitive to retain tenants.

Final Takeaways

• Delegate tasks effectively.
• Communicate clearly with family.
• Start with multifamily for scalable income.
• Target value-add opportunities.

Recommended Reading

Kristopher suggests "Who Not How" for scaling businesses through delegation.

Connect with Kristopher

Reach out to Kristopher on social media or visit Three Peaks Capital at threepeakscap.com for more resources.

Thanks for tuning in! If you're a busy professional interested in real estate, check out the lessons from this episode!

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

In this episode, we dive into Casey Franchini's journey of earning $140,000 a year from just eight rental properties, all while being a stay-at-home mom! 👩‍👧‍👦🏡 Casey shares how she managed to create financial freedom through single-family rentals and building wealth—all without working a traditional 9-to-5 job. 💼

Casey’s story is one of perseverance and grit. She moved from Southern California to Memphis, TN, and decided to take control of her family’s financial future by investing in rental properties. 📈 In this episode, she breaks down how she achieved time freedom and provides practical tips on getting started in real estate while juggling family responsibilities. 👨‍👩‍👧‍👦

🌟 Casey also talks about her coaching program and how she has helped her students purchase over 100 properties across various markets. She emphasizes the importance of finding the right properties and maintaining a balanced life while running a real estate business. 📚 If you're thinking about how to create passive income through real estate while balancing life’s demands, this episode is packed with valuable insights! 💡

🎯 Key Highlights:
• Casey went from a failed job to a stay-at-home mom, building a $140K rental income portfolio. 🏘️
• Balancing family, she found, bought, and managed rentals while raising kids. 🏡👩‍👧‍👦
• Casey shares mindset shifts that helped her overcome fear and start in real estate. 💪
• Step-by-step, she explains how she researched markets, analyzed deals, and closed her first rental. 💼💸

🏘️ Real Estate Transaction Discussed During the Show: 
Casey shared one of her favorite real estate transactions—a house she purchased off-market thanks to word of mouth. 🏡 She connected with a neighbor near one of her existing properties, who decided to sell her house. Casey bought the home for $170,000, signed the deal right on top of a trash can! 🗑️✍️ This transaction highlights the importance of networking and building relationships with neighbors and tenants.

Another notable transaction Casey discussed involved a property where her client purchased a rental in Memphis, TN, for $67,000. They invested time and effort to get the property cash flowing at a steady rate. 📊 The deal demonstrates how important it is to act quickly and secure good deals when they come up. 💰

🛠 Coaching Round Recap: 
• Taking Action Consistently: Casey emphasizes that success in real estate doesn’t happen overnight. She advises her students to start small, with one rental at a time, and take consistent action. 📅
• Building a System: Casey teaches her students to build a repeatable process that allows them to save up from rental cash flow and reinvest it in more properties. 🏡📈

• Balancing Family and Business: A big part of Casey’s message is about maintaining balance between business and personal life. She encourages taking time for family, ensuring that your business doesn’t take over your life. 🧘‍♀️🏖️

📚 Top Book Recommendation:
Casey recommends "The Power of the Subconscious Mind" by Joseph Murphy. 📖 This book helped her realize the importance of mindset in achieving her goals, transforming her approach to real estate and life. It taught her that success starts from within and that mindset is key to breaking through limitations. 🔑

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

🎙️ The Documentary: My Journey as a Podcaster Series 🎙️

Podcast Episode 3 of 200+: 🌟 Anthony Coffey on Transitioning from Military to Real Estate 🌟

Join this 🔥 episode with Anthony Coffey as he shares his incredible journey from military life to jumping headfirst into real estate 🏡. He didn’t waste time in analysis paralysis, and instead took massive action 💪. He also gives a word of caution ⚠️ about not "burning the boats" 🛳️ by leaving your W2 job too soon. Keeping that job can make you more bankable 💰 and help secure financing! 📚 Anthony also recommends some great books 📖 to help you moonlight your way into success.

After leaving the U.S. Army, Anthony started his real estate journey in 2014 🚀. Teaming up with his twin brother initially, Anthony took over the business solo after 18 months and now flips 10-15 homes a year 🔄. With 23 rental units 🏢 and two Airbnb properties, Anthony and his wife are crushing it using OPM (Other People’s Money) 💼. His investors earn sweet returns 💸, backed by his solid deals in real estate. Tune in 🎧 to hear Anthony’s incredible story and learn how to turn your own journey into financial success! 💼💡

Show Notes 📝

• [01:13] 📢 A little about Anthony Coffey & his backstory in real estate 🏘️
• [04:04] 👨‍👩‍👧‍👦 How Anthony balances life, family, and investments ⚖️
• [07:41] 🔍 His real estate specialty & how he finds deals 🧐
• [11:51] 💵 Financing strategies using OPM (Other People’s Money)
• [12:25] 📊 Anthony's portfolio: 23 rental units & 2 Airbnb properties 🏘️
• [14:54] 🛑 Challenges he faced using his real estate strategies 🚧
• [16:50] 🎯 How real estate transformed his life 🔄
• [19:00] 🏆 Key contributors to his success 🏅
• [20:07] 🏗️ How to achieve success in real estate with limited resources 📉
• [22:35] 💰 What you need to begin your financial freedom journey 🛣️
• [23:19] 📈 Scaling your success even while holding a full-time job 🕒
• [24:14] 💡 How Anthony would leverage $100 if he lost everything 💸
• [25:25] 📚 Educational resources for moonlighters 🌙
• [27:12] 📲 How to reach out & connect with Anthony 🔗

Notable Quotes 💬

• "Sometimes you just have to jump in and learn along the way." 🏃‍♂️💥
• "Your strengths and passions are the engine for sustainable success." 🚀💼
• "Leveraging your network is the key to success." 🔑🤝
• "It’s wise to keep a W2 job for financial credibility when starting your venture." 🏦

This Week's Guest: Donny Coram 🚀

In this episode, we dive into how Donny Coram managed to flip hundreds of houses while working a full-time job! 💼🏡 Donny shares his journey from starting as a real estate agent during the 2007-2008 foreclosure crisis to building a successful flipping business—all while balancing his day job. 🏢 He explains the ins and outs of finding, funding, fixing, and flipping houses with a system that lets you keep your 9-to-5 while building wealth on the side. 🔨
Donny also touches on key strategies for managing stress and maintaining a work-life balance, ensuring that his real estate business didn’t take over his personal life. 🧘‍♂️ His story is perfect for those who think they don’t have time for real estate investing due to job or business commitments! 📚
If you're ready to learn how to invest in real estate without quitting your day job, this episode is packed with insights to help you succeed. 📈

🎯 Key Highlights:
Donny's Real Estate Journey: From a real estate agent to a full-time investor, Donny shares how he got started in the world of real estate investing. 🏢
Flipping Houses with a Job: Donny explains how he managed to complete hundreds of flips while maintaining a day job, including his most notable transactions like the #SpringsHellHouse. 🔨
Foreclosure Deals: He provides insights into how to find, fund, and flip homes even while working a full-time job. 📚
Managing Stress: Donny shares his challenges and strategies for maintaining balance between his real estate business and personal life. 🧘‍♂️

🏘️ Real Estate Transaction Discussed During the Show: Take Notes and Learn
One of Donny’s most well-known deals was the Springs Hell House, a property he bought for $580,000 after it made national news due to extreme conditions. He and his team invested $130,000 in renovations, selling it for $845,000, and making a profit of $130,000. This transaction illustrates the importance of finding the right deals and leveraging media attention to increase value. 📊
Another transaction Donny discussed was a deal with his client, Sam, who purchased a property in Pueblo, Colorado, while living in New Jersey. Even though she never saw the property in person, Donny's team helped her manage the project from start to finish. The property was purchased for $130,000, remodeled for $35,000, and sold for $225,000—making Sam more than her target profit of $25,000. 💰

🛠 Coaching Round Recap: Balancing Life and Business
Starting Small: Donny encourages new investors to start with one flip at a time. Even with a full-time job, you can achieve success by taking action consistently. 📅
Leveraging Other People’s Time: Donny's system allows his clients to use local project managers and a remote team to help handle the heavy lifting while they maintain their day jobs. 🛠️

Balance is Key: Donny stresses the importance of maintaining work-life balance and not burning out. He shares how taking time for himself and his family helped him stay grounded while running a high-volume flipping business. 🏖️

📚 Top Book Recommendation:
Donny highly recommends "The Power of One More" by Ed Mylett. This book has greatly influenced him, emphasizing the importance of going the extra mile. Whether it's making one more phone call or doing one more flip, this mindset has helped him excel in both business and life. 📖

💼 Connect with Donny:
You can find Donny on LinkedIn as Donny Coram if you’d like to connect and learn more about his real estate journey. 🤝

[email protected]

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Guest: Loren Jacobs, Co-Founder of Arrows Capital Group

Profile: Loren Jacobs is a seasoned commercial real estate professional with over a decade of experience. He holds equity in 750+ units, including 207 licensed CBRF beds, and manages assets totaling more than $100 million.

Episode Highlights:

• Background:
  • A fifth-generation real estate expert, Loren began his career with a single-family rental in high school, gaining early experience in property management.
  • Expanded into multifamily and commercial real estate while working a traditional job.
• Career Transition:
  • Shifted from stem cell research to steam engineering, balancing a demanding job with growing his real estate portfolio.
  • Invested in learning through books, seminars, and networking, which facilitated his entry into commercial real estate syndication.
• Syndication Focus:
  • Specialized in underwriting and networking; established a weekly meetup and underwrote over 100 deals for practice.
  • Secured partnerships by offering free underwriting services to gain experience.
• Arrows Capital Group:
  • Co-founded with a partner to manage a senior living portfolio, focusing on high-barrier, low-competition markets.
  • Transitioned to senior living in 2021 due to market saturation in multifamily real estate.
• Deal Structure:
  • Utilizes bridge financing and refinances with HUD loans for stability.
  • Emphasizes day-one cash flow and maintains conservative financial reserves.

Recent Deal: Recently closed on an assisted living portfolio with day-one cash flow and equity, utilizing a bridge-to-HUD financing strategy for long-term stability.

Moonlight Coaching Tips:

• Advice for New Syndicators: Understand the fundamentals, legalities, and deal structures. Be willing to work for free to gain experience and add value.
• Balancing Business and Life: Prioritize time management and make necessary sacrifices to balance education and real estate work.
• Starting in Assisted Living: Learn about both multifamily and senior living operations, find a mentor, and offer value before expecting returns.
• Passive Investing Benefits: Allows you to learn from experienced operators while earning returns and enjoying financial benefits.

Book Recommendation: The Go-Giver by Bob Burg – A short but impactful book that highlights the importance of a service-based mindset in business.

Contact Loren: Reach out via email: [email protected]

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

This is the 6th podcast that I recorded back in 2022: 

Ryan has 5 years of experience in financing and managing multifamily and single-family homes in NYC suburbs, along with 8 years in institutional finance. He manages assets, including a TN Multifamily portfolio, and has completed over $100M in luxury residential projects.

Joshua has 3 years of experience in developing and operating multifamily properties in the NYC area, with 7 years in construction project management, overseeing over $300M in projects. He focuses on capital improvements, asset management, and investor relations.

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Guest: Brett Synicky, a self-directed IRA and solo 401k consultant at Sense Financial with over 10 years of real estate investing experience and a licensed California real estate agent, helps individuals achieve financial independence through smart real estate transactions.

Episode Highlights:

Introduction and Brett's Background:

• Brett began his real estate journey while working a W-2 job, following his family’s footsteps in Southern California real estate.
• After purchasing multiple properties during the boom, he learned during the 2008 financial crisis that profits are made at purchase, not from assumed appreciation.
• In 2014, he transitioned to a full-time real estate career, joined Sense Financial, and specialized in self-directed IRAs and solo 401ks.

Lessons from the 2008 Financial Crisis:

• Brett shared how his interest-only loans came due, and he realized relying on W-2 income for property losses was unsustainable.
• This experience shifted his focus to helping others adopt smarter investment strategies.

Benefits of Self-Directed IRAs and Solo 401ks:

• Brett highlighted the benefits of these accounts, including greater control over retirement funds, investment flexibility, and "checkbook control" for faster, fee-reduced transactions.
• They allow investments in nearly anything except collectibles and life insurance.

Real Estate Inside and Outside Retirement Accounts:

• Brett discussed the advantages of holding real estate both inside (tax benefits) and outside (depreciation and other tax advantages) retirement accounts.
• He recommended balancing both strategies for optimal financial growth.

Strategies for W-2 Employees:

• W-2 employees can invest in real estate through a self-directed IRA, even if their 401k is tied up with a current employer.
• Leaving a job allows for rolling over a 401k into a self-directed IRA or solo 401k, opening more investment opportunities.

Solo 401k Advantages:

• Solo 401ks offer higher contribution limits than IRAs and no UBIT on leveraged real estate, making them ideal for self-employed individuals.
• Even side businesses can qualify, providing flexibility for those with a full-time job and a side business.

For more info, contact Brett at [email protected].

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Ryan brings over 5 years of financing, owning, and operating multifamily and single-family homes in New York City suburb markets. He has 8 years of experience in institutional finances investment, and he is currently managing several assets, including a portfolio TN Multifamily on Long Island, New York. He has also completed over $100M luxury residential new construction projects throughout Long Island. Ryan's primary responsibilities include Underwriting, acquisitions, asset management, construction management, and broker seller outreach.

Joshua has over 3 years of experience developing, owning, and operating multifamily properties in greater New York City. He has also worked on construction project management for over seven years completing over 300M of commercial residence repositioning projects. Joshua's primary responsibilities include oversite of capital improvement projects, property asset management, and investor relationships.  

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Rod Khleif - A seasoned real estate investor and host of the world’s largest commercial real estate podcast. Rod has owned over 2,000 houses and built a real estate empire after immigrating to America with nothing. In this episode, Rod shares his journey, mindset, and strategies that helped him lose $50 million and then rebuild it all.

Episode Highlights:

Introduction and Rod’s Background:

• Immigrated from the Netherlands with nothing, facing financial struggles growing up. 🌍
• Built a successful real estate career after overcoming significant early failures. 🏠📉
• Known for his emphasis on mindset and psychology as key components of success. 🧠💡

The Importance of Mindset and Psychology:

• How 80-90% of success is driven by mindset, not just technical knowledge. 💭📈
• The critical shift in mindset that took him from making $10,000 to over $100,000 in just one year. 🚀

Building and Losing a $50 Million Net Worth:

• Rod’s experience of seeing his net worth skyrocket by $17 million in one year. 📊💸
• The humbling experience of losing $50 million during the 2008 crash and the lessons he learned. 💥🧠

Recovering and Rebuilding After Financial Loss:

• The mindset strategies Rod used to recover from massive financial loss. 🔄💪
• The importance of setting clear goals and having a burning desire to succeed. 🎯🔥

Balancing Life, Business, and Real Estate:

• How to maintain family priorities while pursuing business goals. 👨‍👩‍👧‍👦💼
• Using time-blocking and goal-setting to manage both personal and professional life. ⏰📅

Real Estate Investment Tips:

• The importance of understanding the basics before investing in real estate syndications. 🏢💡
• Educate yourself and never invest in something you don’t fully understand. 📚🎓

Moonlight Coaching Questions Asked and Answered:

• New Investor Tips: Start by educating yourself and ensuring any deal you consider cash flows from day one. 📊💡
• Balancing Business and Life: Prioritize your family, use time-blocking, and leverage mornings to get things done. 🌅👨‍👩‍👧‍👦
• Starting with Little Cash: Begin by finding deals and partnering with investors. 🏠💰
• Knowing Your Numbers: Understand every detail of your expenses and income in real estate. 📈🔍

Book Recommendations:

• "Turning Pro" by Steven Pressfield 📚
• "The Slight Edge" by Jeff Olson 📖
• "The Miracle Morning" by Hal Elrod 

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Welcome to the Documenting My Journey series! As of today, I’ve recorded over 200 episodes, but this was my 6th episode out of the 200—and I wasn’t a great speaker when I first started. Even now, I’m still far from where I want to be as a speaker, but I’m making significant progress. I want to encourage you to simply press record. I’m intentionally not editing these episodes much so you can hear the mistakes and the raw footage. You’ll see how rough things can be at the start, but know that this experience is what makes you better over time. You just have to be committed to the process.

I recommend sticking with it for at least 2 years before deciding whether to continue or quit. With practice, I’ve improved, and so will you. Keep creating content—it’s key to building your brand and business.

As of today, I have guests reaching out to me because I’ve created so many episodes and have been around for over two years. Full disclosure: I still have to recruit guests, but now people are pitching themselves to be on my show.

The benefits of podcasting are significant: I have a track record, a footprint, and many ways to be found. I’m considered a thought leader because of the guests I interview, and the networking opportunities with my guests are invaluable. Some of the people I’ve interviewed wouldn’t have considered meeting with me if I didn’t have a podcast to interview them on.

Just hit record! 🚀

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey