Ep #524 - Why going bigger is better with multifamily real estate

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

🗓️ 11 January 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With more than 12 years of real estate and construction experience, Jorge Abreu is second to none when it comes to evaluating & renovating properties. Jorge currently has $125M of assets under management totaling 1720 units.

Here’s some of what we talked about:

Creating a JOB for yourself?
The benefits of passive income
70+ units - can support full time staff
Steps to take when improving an asset
Due diligence process
The power of a Vision Board
Current economic outlook

Book Recommendations:
Traction by Gino Wickman
Three Feet from the Goal by Lechter & Reid

To find out more about our guest:

https://www.elevatecig.com/

To find out more about partnering or investing in a multifamily deal: Text Partner to 41411 or email [email protected]

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Transcript

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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 onto the show.
0:23.0	Now, here's your host, Rod Cleese.
0:27.0	So, you may or may not be aware that many multifamily investors that I've interviewed on my show, for example,
0:35.2	or that are in my mastermind or in my warrior mentorship program, they started out in this business
0:40.6	investing passively in someone else's deal as a limited partner or an
0:44.1	LP. Now there are lots of advantages to starting that way because you know depending upon the
0:48.7	operator you get you can see behind the scenes as to how a deal is done and then also you know when you speak to
0:54.3	sellers and brokers and potential investors you can say you're an investor in that
0:58.2	deal so it can and beyond that it can even impact the interest rate that you're charged once you want to become a general partner and your own operator because it counts as experience.
1:09.0	Now if you're an accredited investor, listen up.
1:11.0	We've actually got an awesome deal right now that we're raising
1:13.8	money for in in Dallas. It'll be our third asset there and this is a very
1:17.6	exciting asset. I think it'll be one of the nicest ones we own. Now you may or may not
1:21.6	know that we're very, very conservative investors, but even with that
1:25.3	approach, this property is projected to have very solid returns. Now if you'd like to chat with
1:29.8	us about it, text the word partner to 72345 and we'll set up a call with you.
1:35.6	Again that's partner to 72345. All right let's get to it.
1:47.0	Welcome to another edition of how to build lifetime cash flow through real estate investing. I'm Rod Cleef and I am thrilled you're here.
	...

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