#633 Maintenance Man to Real Estate Millionaire

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 21 August 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we're taking a fascinating journey with a maintenance man who became a successful real estate investor against all odds. Get ready to be inspired by his incredible achievements and the valuable lessons he's learned. Our guest, Glenn Gonzales of Obsidian Capital, shares his story of triumph and lessons learned. Tune in for an engaging conversation where Glenn and I discuss how believing in yourself and staying dedicated to your goals can lead to great success.

Quote:

“If we’re gonna be in this business, for any length of time, you don’t want to be a “one and done,” to your listeners, to everybody - just do the right thing. Because what goes around comes around.”

Highlights:

2:16: Getting to know Glenn and his start in multi-family real estate from a maintenance tech to a property owner

11:04: The story of Glenn’s first real deal

17:04: What Glenn paid vs what the previous owners paid on the deal

22:03 Terms coming due next 6 months to a year (Ex: 3yr-3 1/2yr bridge loans coming due)

26:43: Glenn tells the story of a few of his failures in his real estate journey, and how he overcame (surrounding neighborhoods, theft, covid, etc)

35:00: Are there a lot of untouched “vintage” properties left?

37:00: Where to get Glenn’s book - “Maintenance Man to Millionaire: Real Estate Wealth Creation for Everyday People”

Guest Website: www.obsidiancapitalco.com

Recommended Resources:

Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.

Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, Kevin Bup here, and I've got something important to share with you before we get rolling with today's show.
0:06.1	We just closed on our most recent acquisition of the Lores Parking Garage in the heart of downtown Phoenix, Arizona,
0:13.0	and we couldn't be more excited to have it added to our SEI Growth and Income Fund 3.
0:18.0	Now, we launched this fund back in late 2020, and we've since been able to build
0:21.9	more than $20 million in sweat equity for our partners. The reason that this is important to you
0:27.1	is that we're nearing the closing date for any new investments coming into this respective fund.
0:32.6	And so if you're looking for an investment opportunity that offers significant built-in equity
0:37.1	day one,
0:38.2	immediate quarterly distributions, and a diversified portfolio of mobile home parks and parking
0:43.2	garages in some of the country's best markets, then I highly suggest that you take a look
0:47.6	at our SEI Growth and Income Fund 3 offering. If you'd like to learn more, please visit
0:52.1	invest with sunrise.com to get an overview on the fund, as well as details on each asset owned within the fund.
0:59.4	Again, that's investwithsunrise.com. Now, let's get on to the show.
1:06.4	You've been searching for the best way to generate passive income in your life and heard
1:11.0	that real estate is a great way to do it.
1:13.3	But you're tired of all the so-called gurus who are all talk and no substance.
1:19.1	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
1:25.5	This is the Real Estate Investing for Cash Flow podcast. Now, here's Kevin Bup.
1:35.2	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the real estate investing
1:39.2	with cash flow podcast. Our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investments.
1:47.1	And our guest for this week's show is commercial real estate investment expert Glenn Gonzalez.
1:51.6	Now, Glenn is CEO and co-founder of Obsidian Capital, a multi-family investment group based in Austin, Texas.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.