Doing your due diligence is one of the best ways to succeed in real estate investing. We need to remind ourselves that it takes hard work to win in this industry. Our guest for today definitely learned that the hard way. Kyle Jones, Co-Founder and Key Principal of TruePoint Capital, LLC shares this story of how they lost 50% occupancy in a property, which caught them by surprise. It led him to take several key steps to avoid this misstep. What are these steps and can you apply them to your inves...
Mar 16, 2021•30 min•Ep. 57
A Donahue Baker is a CPA turned full-time real estate investor. He is a real estate developer, author, speaker, and entrepreneur. Donahue now focuses on acquiring value-add apartment complexes and providing people with affordable housing. In this episode, he shares the most challenging deal he ever faced, a 107-unit complex that took a year to close. [00:01 – 13:29] Providing Affordable Housing Donahue talks about his background and journey to affordable housing A CPA in his previous life Focuse...
Mar 15, 2021•28 min•Ep. 55
Today, I had the pleasure of talking with Brian Hamrick, owner of Hamrick Investment Group. The Group has over 40 investors, more than 32 million dollars in acquisitions, focusing on cash-flowing real estate and real estate developments primarily in multi-family apartments, as well as self-storage, performing and non-performing notes, office, and retail. Let's jump into Brian’s story and get expert advice from a real estate pro! [00:01 – 05:06] Opening Segment Brian Hamrick talks about his ...
Mar 14, 2021•36 min•Ep. 37
Today’s guest is a man who hardly needs an introduction if you’ve spent time in the multifamily space. I have with me, Yonah Weiss, business director for Madison Specs, and the host of the Weiss Advice Podcast. Yonah is an expert in saving millions in taxes for property owners using his method of Cost Segregation. Tune in a learn how Yonah helped a client save millions in taxes after first watching him pay too much. Things you will learn in this episode: [00:01 – 3:42] Opening Segment Yonah talk...
Mar 13, 2021•20 min•Ep. 30
I had the pleasure of speaking with Joseph Bramante. He is the co-founder and CEO of TriArc Real Estate Partners, a wholly integrated multifamily investment company. He purchased his first multifamily property in the US in 2011, sight unseen, while working as a business team lead for ExxonMobil in Papua, New Guinea. Today, along with his business partners, he has grown a portfolio of over 1100 units, increasing NOI (net operating income) by over 80% on average within 48 months post-acquisition. ...
Mar 12, 2021•43 min•Ep. 46
Reid Bennet, CCIM serves as National Council Chair of Multifamily Properties for SVN International and a Senior Vice President for SVN - Chicago Commercial. As a licensed managing broker, he focuses primarily on the sale of apartment communities across the midwest and also teams up with members of his council to serve clients across the country in over 150 markets. Reid prides himself on understanding the nuances and analysis of multiple unit apartment dwellings & low-income Section 8 & ...
Mar 11, 2021•41 min•Ep. 42
What does it take to become a successful property manager? How do we find and hire the right one? And by “right,” I mean how do we find the manager that will be best suited to take care of our needs? Dustin Miles, President of Cowtown Cap, Founder of School of Income, and the Managing Partner of Momentum Multifamily , was caught by surprise when his main connection retired. He was also unable to meet his desired growth rate. What steps did Dustin take to overcome these challenges? Let’s jump int...
Mar 10, 2021•20 min•Ep. 56
Joint ventures (JVs) in real estate is one way to participate in large real estate transactions. It has many benefits, including shared resources, additional capital, shared risks and expenses, and added credibility. JVs are commonly done by investors who think they cannot take on a deal by themselves. That’s when they find partners who can help them achieve their goals. In participating in a JV, finding the right partner is key, but it is not enough. You also have to be the right partner for th...
Mar 09, 2021•23 min
We always hear that death and taxes are the only things that are certain in this world. Rashmi Nigam would like to add another: trial and error. She learned this the hard way when they were looking for the right property manager to replace the previous manager who suddenly died days before they closed the deal. What she also learned in this experience is the need to separate business matters from personal relationships. You can’t allow the property manager to get close with the tenants. Let’s ge...
Mar 09, 2021•24 min•Ep. 58
I had the pleasure of speaking with Amy Tiemann today. Amy is a multi-family investor and consultant and President of TM1 Properties. She was recently featured in Forbes, with a piece on due diligence in multifamily investing. Her passion is to help accredited investors earn passive income through multi-family real estate projects. In this episode, we will discuss her whirlwind journey into real estate investing and property management, plus some of her missteps and lessons along her journey. Le...
Mar 08, 2021•30 min
Today I had the pleasure of speaking with the CO-Founder and Marketing Manager of Four Oaks Capita l, Brain Briscoe. Let’s dive into Brian’s misstep story and how to come back from a cut in loan proceeds when you’ve overextended yourself. [00:01 - 05:25] Opening Segment Brian Briscoe gives us his background story from Marine Corp to Multifamily Real Estate Contact Brian through Four Oaks Capital or contact directly at [email protected] Michael Blanck Coaching Program [05:26 - 11:1...
Mar 07, 2021•35 min•Ep. 28
I had the pleasure of speaking with the owner of Vytal Investments, LLC , and co-founder of Vital Investment Partners , Kristen Ray. Let’s dive into Kristen’s story that by not giving up, no matter how many times you fail, it can eventually lead you to the success that you have been dreaming of. Things you will learn in this episode: [00:01 – 03:07] Opening Segment Kristen talks about her background and where her journey began Inherited properties from her grandfather and turned them into rental...
Mar 06, 2021•21 min•Ep. 21
Mike Tighe joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss the missteps with purchasing his first property cross country in a joint venture. We learn the risk associated with bridge debt. Mike shares how your partners can influence you to stretch yourself and how to build repertoire with brokers over the phone. He also takes us through a break down on his first off market deal, being under capitalized and the financing struggles with closing the property ...
Mar 05, 2021•34 min•Ep. 3
Ben Wuollet joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss the missteps with managing property managers when going into "rougher" properties. We learn about the risk associated with Land Use Restricted Projects and high vacancy. Ben shares how the property manager stopped leasing new units while they were 50% vacant. He also shares how they were able to get big discounts by closing in 30 days or less with no financing contingency. Ben believes ...
Mar 04, 2021•29 min•Ep. 6
Sandhya Seshadri is the founder and CEO of Texas Twilight Investments and Multi-Family 4 YOU. She’s a multifamily deal sponsor, syndicator, and accredited investor based in Dallas, Texas. Let’s jump into Sandhya’s story and get expert advice from a real estate pro! Things you will learn in this episode: [00:01 - 04:10] Opening Segment Sandhya talks about her background and when her journey began Moved to Texas 30 years ago from India Graduated with an engineering degree and MBA Got into the corp...
Mar 03, 2021•24 min•Ep. 39
Checking the numbers and doing due diligence will save you in the long run, most of the time. John Azar delves into his journey into multifamily. He talks about his setback during 2008 and his incremental growth to owning over 6000-8000 units. John talks about the doomsday scenario, stress testing, and planning for foreseeable roadblocks. John Azar is the Executive Vice President of MACC Venture Partners. KEYPOINTS No shortcut to growth, growth happens in increments Talking with peers in the ind...
Mar 02, 2021•27 min•Ep. 11
John Casmon joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss the missteps associated with partnerships. We learn why he decided to leaving fixing and flipping behind and how we went from a duplex to controlling over 90,000,000 in multifamily real estate. John shares how he had a deal go bad because of a lack of respect in the partnership. We hear what motivated him to be an advertising executive and why he left that career behind. John believes that respec...
Mar 01, 2021•29 min•Ep. 13
Today I had the pleasure of speaking with the President / CEO of Praxis Capital Inc , Brian Burke. Let’s jump into Brian’s story of how reputation is worth more than money and what real estate investing is all about Things you will learn in this episode: [00:01 - 04:03] Opening Segment Brian talks about his background and his real estate journey Connect with Brian, see below for the links. How he started in multifamily [04:04 - 15:54] How Brian Handles Economic Challenge During The Recession Bri...
Feb 28, 2021•22 min•Ep. 16
Investing in real estate requires your attention, regardless if you’re active or passive. It also helps to be knowledgeable and involved, especially if your name and reputation are at stake in the deals that you’re going with. Richard Fowler realized this when he went through some nightmares about the properties he’s handling. What he realized in this experience is that one must consider all options available before going all out in real estate. In his case, he shares what could’ve been a better...
Feb 23, 2021•16 min•Ep. 61
You buy insurance policies with the hope that you won’t ever have to use them. In case you have to use a policy, you hope that every loss and damage will be covered. It’s true that insurance is a good safety net that can protect your hard-earned money in real estate--only if you fully understand what you signed up for. Insurance agents like Jeremy Goodrich know a good policy when they find one. Most of the time though they find terrible policies, those that will not really protect the investors’...
Feb 16, 2021•22 min•Ep. 60
Failures always have silver linings if you only know where to look at. Those silver linings are often directions that lead to the path to success. However, among those who have found a silver lining, only a handful of people take action. A fraction of those people try and try then, after seeing failures again, completely give up. People like Bo Goebel belong to the few determined ones who have managed to see the light at the end of the tunnel even after several setbacks. May this episode remind ...
Feb 09, 2021•28 min•Ep. 59
Jeff Love is a partner at Gibbs Giden Attorneys at law . His practices encompass all facets of real estate transactions, including drafting and negotiating purchase, sale, syndication, and financing transactions in connection with commercial, industrial, and residential assets. He also regularly drafts and negotiates office, retail, and industrial leases for regional landlords and tenants throughout the West Coast. Things you will learn in this episode: [00:01 – 04:23] Opening Segment How to get...
Dec 22, 2020•22 min•Ep. 54
John Eitingon is a Managing Partner at DXE Properties. Before DXE Properties, John leaped and dived into the multifamily world, working on a 20-unit distressed property in Cincinnati, OH, as his first real estate investment. With over 8 years of experience in multifamily, John brings his expertise and a keen eye to acquisitions, identifying growth opportunities. Things you will learn in this episode: [00:01 – 08:16] Opening Segment How to get in contact with John See the links below John talks a...
Dec 15, 2020•18 min•Ep. 53
Tyler Lowe works for a pest control company in the day while making real estate investments on the side. His real estate journey started back in 2016 when he bought his first single-family property. Later on, he was able to buy an 8-unit apartment, but during a span of 6 months, they experienced 3 fires. Bouncing back up from these setbacks, Tyler joins us today to share the lessons he has to offer. [00:01 – 04:21] Opening Segment How to get in contact with Tyler See the links below Tyler talks ...
Dec 08, 2020•18 min•Ep. 52
My guests for today are Ashton and Chris Levarek from the Valkere Investment Group, a family-owned company that offers choices and opportunities for passive investing by syndicating apartment deals and small multi-family properties. Let's dive into their story and get expert advice on real estate investing. [00:01 – 05:08] Opening Segment Let’s get to know Ashton and Chris Levarek How to get in touch with Ashton and Chris? Ashton shares their path to multifamily investing A 90-day commitmen...
Dec 05, 2020•29 min•Ep. 51
Anthony and Dan take over the Multifamily Missteps Podcast and bring on their guest Sterling White. Support the show Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now....
Nov 27, 2020•29 min•Ep. 50
Ben Wuollet is the Acquisitions Manager for the Bakerson portfolio for over four years. His extensive experience in all facets of the acquisitions life cycle allows Ben to acquire properties quickly and efficiently. He has been directly involved in the underwriting, due diligence, property management, and closing of over 300 transactions during his term at Bakerson. Things you will learn in this episode: [00:01 – 03:42] Opening Segment How to get in contact with Ben See the links below Ben share...
Nov 25, 2020•19 min•Ep. 49
I have the pleasure of talking with Oscar and German Buendia of the GoodDay Capital. Oscar and German own 1.5 million dollars worth of assets distributed to over 20 multifamily units. They bring years of experience in leadership and management to real estate investments. Today, they will share their multifamily missteps and the processes to address them. Let's dive right in and get expert advice on real estate investing! [00:01 – 04:59] Opening Segment Let’s get to know Oscar and German Bue...
Nov 10, 2020•27 min•Ep. 48
I had the pleasure of speaking with Chris Lento today. Chris is the managing member of EM Capital LLC, focusing on acquiring commercial multifamily apartment complexes in markets across the country that exhibit positive growth trends. His passion is helping middle- and low-income families in overcoming housing issues through well-managed and well maintained economic housing. Let’s jump into this episode and get expert advice from a real estate pro! [00:01 - 02:19] Opening Segment How to get in t...
Nov 09, 2020•21 min•Ep. 47
Today's episode with Harper Jones is a great one if you think you can't invest in real estate when you're younger - Harper has built a sizeable real estate business using creative financing and partnerships, all before the age of 23! Harper is located in Knoxville, TN, and invests in real estate where he focuses on wholesaling and multi-family investments. He prefers to get creative with real estate deals when possible. Alongside real estate, Harper is part of CreateTailwind as a ...
Oct 22, 2020•1 hr 12 min
