Ep #45: How this self defense instructor went from Zero to 318 Multi-Family Units in less than 6 months – with Karma Senge

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 10 November 2014

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Karma Senge is the president of Karma Investment Properties. Karma Investment Properties is an active opportunistic and value-added real estate investment firm that is an investor, developer and asset manager of multifamily investment properties. The firm’s investment philosophy is to identify and capitalize on emerging real estate trends in growing markets before they become noticed by the broader investment market.

Karma Investment Properties uses a niche acquisition strategy that capitalizes on targeting a specific group of growing and underserved rental housing consumers and applies its lifestyle community approach to the investments.

In this interview, Karma shares with us the secrets to his success and how you can apply those same principles to your real estate business. Karma proves that with the proper focus and a strong will to succeed that anything is possible. His only regret – he wishes he would have started investing in Multi-Family properties a long time ago.

In this interview with Karma you’re going to learn:

§ How having a mentor and coach has been an integral part of his success in real estate

§ How he successfully transitioned from single family investments into his first apartment acquisition

§ Why he decided to focus his efforts on multifamily instead of the other commercial asset classes

§ How he was able to go from knowing "little to nothing" about commercial real estate to owning 318 MF units in less than 1 year

§ How he's able to continually achieve 10% and higher response rates on his direct mail campaigns

§ Why he prefers off-market deals to working with listed properties and brokers

§ Why if he could do it all over again he would have bypassed investing in SFR and started immediately in Multi-family

§ and much more

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	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 Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here with episode number 45 of the Real Estate Investing for Cashflow podcast.
0:36.8	Our mission is to help you build and
0:38.2	maintain massive amounts of cash flow through income producing real estate investments.
0:43.1	Our guest of honor for this week's show is Karma Senge from Karma Investment Properties,
0:48.4	which is a real estate investment firm specializing in small to mid-size value-add multifamily
0:53.7	properties within the Hispanic
0:55.4	market. Although Karm has only been in the commercial real estate business for less than one
1:00.0	year, he has achieved more than most real estate investors do an entire lifetime. And his
1:06.1	first commercial purchase, which he just made recently, I think June or July of this year, was a big one. His first commercial purchase, which he just made recently, I think June or July of this year,
1:12.0	was a big one.
1:13.1	His first commercial purchase ever was a six-building multifamily portfolio consisting of 318 units,
1:22.3	and he's already got multiple other deals in the pipeline as I record this podcast.
1:26.7	So his story is an absolute
1:28.8	inspiration. He's an amazing guy and I just really enjoyed having him on the show and hearing
1:34.9	his story and I'm positive that you'll enjoy our conversation with karma as much as I did.
1:39.2	Here's a little taste of what you're going to learn from our interview with karma. You're going to
1:42.0	learn how having a mentor and a coach has been an integral part of his success in the real estate industry. How he successfully transitioned
	...

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