#300: Multifamily Investing, Partners, and So Much More! - with Mike Vann

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 8 December 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike’s early real estate experience comes from the family construction business where he worked his way through college and was able to gain the skills necessary to manage all aspects of construction and project management. After college, Mike entered the corporate world and has had a successful 20+ year career in Medical Sales with the last 15 years spent in the Medical Device Industry. This unique combination of skill sets served him well as he built a personal real estate portfolio of over $6M across multiple asset classes while working full time. He enjoys educating people on real estate investment and has been featured on multiple podcasts and speaks at local REI meetups. Mike currently lives in Springfield, MO with his wife Aline and their two children. He enjoys spending time with family, hunting, fishing, and snow skiing. Mike has a heart for mission work and believes that “We are blessed to be a blessing to others”. He lives this out through serving others locally, nationally, and internationally.

Quotes:

“Having such a long solo investment career, you get used to making all the decisions, and making them quickly and decisively and not having to discuss and walk through them with anyone. Which, can be good and bad. If you make decisions on your own, you don’t have someone to bounce it off of and you can prone to mistakes whereas partners give you that option.”

“Especially in today’s COVID world, stay persistent, and don’t give up. Both of my last two deals took us 6 and 9 months just to get to an LLI stage, so especially with everything going on right now, keep your eyes on the prize, stay persistent, keep trudging ahead, and don’t give up.”

Highlights:

4:20- Mike's background and how he found his way to multifamily investing

10:30- Mike shares some of the challenges he faced when bringing on partners and how he overcame them

13:51- Mike talks about how he and his partners work together

27:17- Mike tells us what assets are trading at in today’s world

Guest Website:

https://tridentmultifamily.com/

Learn About Investment and Partnership Opportunities with Kevin and His Team

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.6	and heard that real estate is a great way to do it.
0:09.5	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.6	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.4	Hey guys, Kevin Bup here, and I want to welcome me to another episode of the Real
0:34.0	Estate Investing for Cashflow podcast.
0:36.2	Our mission is to help you build and maintain lots of amounts of cash flow through income producing real estate investments.
0:42.5	Now, our guest for this week's show is multi-family investment expert and co-founder of Trident
0:46.9	multi-family, Mike Vaughn. Now, Mike's early real estate experience comes from the family
0:51.8	construction business where he worked his way through college and was able to gain the skills necessary to manage all aspects of construction and project
0:58.8	management. After college, Mike entered the corporate world and has had a successful 20-plus year
1:03.7	career in medical sales with the last 15 spent in the medical device industry. This unique
1:08.8	combination of skill sets served him well as he built his personal
1:11.6	real estate portfolio while working full time. Now, Mike currently lives in Springfield,
1:16.1	Missouri with his wife, Aline, and their two children. He enjoys spending time with family,
1:21.5	hunting, fishing, and snow skiing. So guys, I'm excited to bring Mike on to the show and spend
1:27.2	some time with him here today. But before we do, just have a few quick housekeeping items I'm excited to bring Michael into the show and spend some time with him here today.
1:28.3	But before we do, just have a few quick housekeeping items I'd like to run through.
1:32.6	First ones, big one, is our latest and highly anticipated mobile home park investment funds.
1:38.2	Actually, our third mobile home park investment fund recently went live and we're accepting capital.
	...

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