Ep #1,074 - MFRS - Buy Your First Multi-Family Property (Even As A Beginner)

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Passive, Estate, Family, Business, Management, Income, Multifamily, Apartment, Education, Multi, Property, Commercial, Real, Investing, Investor

4.8 • 1.4K Ratings

🗓️ 28 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Harvey Lockhart, a Grammy-nominated saxophonist, composer, and music educator, transitioned into real estate investment in 2018 and has been a member of the Warrior group since December 2021. He has since partnered in a 28-unit multifamily property and two single-family homes, while actively working on new construction and development projects in Exuma, Bahamas, which include a 34-unit hotel and 15 condos. As the founder and executive director of the HEAL Center for the Arts, Harvey blends his creative passion with his entrepreneurial skills, leaving a lasting impact on both the music and real estate industries.

Here’s some of the topics we covered:

From Music Maestro to Real Estate Mogul
The Powerful "Why" Behind Harvey’s Real Estate Journey
Lessons Learned From Buying A Property Sight Unseen
Crushing the First Deal & Closing on 28 Units
How Partnering in the Warrior Group Changed the Game
The Creative Financing Move That Made the 28-Unit Deal Happen
The Hidden Hack to Discovering Multifamily Deals Others Miss
Fixing Key Amenities to Skyrocket Property Value On The 28 Unit
The One Piece of Advice Every New Investor Needs Right Now

If you’d like to apply to the warrior program and do deals with other rockstars in this business: Text crush to 72345 and we’ll be speaking soon.

For more about Rod and his real estate investing journey go to www.rodkhleif.com

Transcript

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0:00.0	So you know that apartment building or complex you drive by every day?
0:07.4	Someone owns it.
0:08.8	And it's probably someone on this podcast.
0:11.4	Multi-family rock stars.
0:13.0	Join the growing numbers of real estate entrepreneurs who have made the jump to buying multifamily
0:17.1	properties for lifetime cash flow.
0:19.5	Multi-family rock stars using OPM for an OMG ROI.
0:24.6	Now, here are your hosts, Rod Cleef and Mark Nagy.
0:28.6	Welcome back to multifamily rock stars.
0:30.6	So as you guys know, this is where we dive deep into our guest deals.
0:35.6	And they're not always huge deals. This is a smaller deal we're
0:39.4	going to talk about today in St. Louis, where my Tiffy is from. And, you know, this is where we
0:45.9	talk about, you know, try to give you actionable items, especially if you're brand new to the business
0:50.5	and, you know, how to get started and give you some practical tips and things like
0:54.8	that so let's get into it i've got my co-host mark nagy with me as usual going on rod that's
0:59.9	that's why i'm excited for this one i love the i love the small to medium-sized deals it's different
1:03.3	than a lot of times what we talk about yeah well it's a sweet spot really it's it's actually a sweet
1:07.9	spot and because you can very often deal with mom and pop sellers.
1:11.6	There's ways to be creative with these deals.
1:14.2	And I think it's an incredible way to get started.
1:18.4	So today we've got Harvey Lockhart.
1:20.8	And Harvey's kind of a cool guy in that he plays the saxophone, which I think is one of the coolest instruments there is.
	...

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