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Lifetime Cash Flow Through Real Estate Investing

Ep #171 - Dr. Buck Joffrey owns 500 plus units, 7 apartment buildings and 1 medical office building

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

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

4.81.4K Ratings

🗓️ 23 October 2017

⏱️ 35 minutes

🧾️ Download transcript

Summary

Here's Some of What You Will Learn:

  • Dr. Buck Joffrey owns 7 apartment buildings, 1 medical office building, and a total of 500 plus units.
  • Buck is a surgeon who watched other doctors investing in stocks take a huge financial hit in 2008.
  • The 2008 stock market collapse caused Buck to seek out safer, smarter, more long-term and lucrative investments. To Buck, this meant investing in multifamily real estate - something he had never considered before watching stock investments fail for others.
  • Why you should know this business as much as possible before buying your first property.
  • What class property you should look for when buying your first apartment complex.
  • Why D class properties aren’t the best properties to invest in.
  • You should not buy a property unless you know who is going to manage it.
  • Before you have a property, you need to have a team.
  • Make sure you verify that the rent roll matches what people are actually paying.
  • Why you need to do the proper due diligence before buying a property.
  • Why you should drive by the property at night.
  • How relationships with mortgage brokers can help you find off market deals.
  • Seek to help someone before you expect to get anything from them.
  • Why one of the best ways to operate is based on referrals.
  • How to capitalize when this market turns.
  • Why you should not look at the pro forma numbers on a property.
  • Stick to fundamentals and making sure you really due diligence is important considering how the market is currently.
  • How to find enjoyment in this business.
  • Connect with me on Facebook at Rod Khleif.
  • Text Rod to 41411 or visit RodKhleif.com for a FREE copy of my book, “How to Create Lifetime Cash Flow Through Multifamily Properties.”

Our Guest

You can learn more about Buck Joffrey at:

https://www.wealthformula.com/

Want to build Lifetime Cash Flow from Multifamily Properties?

If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now.

Recommended Resource

  • Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link:

    http://www.meetme.so/RodKhleif2

Review and Subscribe

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome. This is the Lifetime Cash Flow through Real Estate Investing Podcast.

0:06.0

This is where you learn strategies to help you achieve lifetime financial freedom through real estate investment.

0:12.0

Your host Rod Cleef, has owned over 2,000 homes in apartments.

0:17.0

And he brings experts in all aspects of real estate investment and management onto the show.

0:22.0

Now, here's your host. investment and management and management onto the show.

0:23.0

Now, here's your host, Rod Cleese.

0:27.0

I'm super excited to share something with you that my team and I've been working on for quite a while.

0:32.0

You probably know I created this kick-ass course and

0:34.8

coaching program designed to help people reach their goals and it's been helping a ton of people.

0:39.0

It's going fantastic. We've been getting lots of great reviews and great feedback, but I realized there was still one missing piece.

0:46.2

You see the absolute best way to learn anything is through total immersion. I remembered that for me. I know I learned the best live and in person at an event or in a training session where there's no distractions.

0:59.0

Not only do I typically learn more, but I'm so pumped up when I get back that I take massive action.

1:04.0

So if it works for me, I know it'll work for you.

1:07.0

And that's why I'm super proud to announce the launch of the Multifamily Boot Camp.

1:11.5

It's my three-day live event in Tampa, Florida, January 19th, 20th, and 21st

1:16.9

where I teach you everything you need to know to build your own lifetime cash flow. Now it's

1:21.2

important for you to know this. I'm not going to have other speakers come like

1:24.8

a lot of other boot camps and they try to sell you stuff. That's not going to happen. This is just

1:28.8

me training you to succeed in this business. We're going to cover how to find deals in this hot market,

1:35.2

finding the money or equity for your deals, how to finance your deals, how to do careful due

1:41.1

diligence on a property you put under contract so you don't make a mistake,

1:44.8

even how to manage your properties and just a ton more.

...

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