Ep #903 - The Importance Of Planning - Own Your Power Success Tip
Lifetime Cash Flow Through Real Estate Investing
Rod Khleif
4.6 • 1.4K Ratings
🗓️ 6 December 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
In this episode of Own Your Power, delve into the essential practice of life planning. Emphasizing the shift from reactive to proactive living, the episode offers insights from goal-setting workshops, guiding you to craft a powerful life plan encompassing personal growth, contribution, and purpose. Discover how intentional planning can be the key to unlocking the path to your extraordinary life. Tune in now to start owning your power and shaping your destiny. Own your power with this Success Tip.
Transcript
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| 0:00.0 | So if you're an accredited investor, you're definitely going to want to hear this. |
| 0:04.0 | Now I'm sure you know if you know my story how conservative I am. |
| 0:07.0 | I mean, you know I lost a good bit of money in 2008 and 9, especially conservative when I purchased a multifamily property today. |
| 0:13.7 | In fact, we haven't purchased a property in over a year because we're so conservative. |
| 0:17.5 | Well, things are definitely opening up. |
| 0:20.0 | Distressed assets are starting to hit the market and we have a beautiful asset in San Antonio that you need to hear about. |
| 0:26.0 | Now this property was previously under contract a few months ago for 25% more than we are paying. |
| 0:32.0 | Yes, you heard me correctly. It was under contract for |
| 0:34.2 | 26 million. We're paying 20 million. Basically 100,000 per unit and I'll tell you |
| 0:39.3 | the adjoining property to this one recently sold for 137,000 that was 137 another one sold for 120 nearby to |
| 0:47.2 | give you an idea of the incredible value now what else makes this super exciting is |
| 0:51.2 | this asset is about a mile away from another |
| 0:53.7 | 296 unit asset we already own there so we'll have economies of scale and |
| 0:58.1 | our existing property does extremely well because this is a great area. Now this new |
| 1:02.4 | property is actually quite a bit better than our existing one for a lot of reasons. |
| 1:06.0 | For example, this one sits on a large beautiful lakefront and we've got a lot of units that are actually lakefront and then on the the other side of the properties of golf course. |
| 1:14.0 | Now if you're not aware, |
| 1:15.3 | San Antonio is one of the best markets in the country |
| 1:17.5 | to invest in right now. |
| 1:18.6 | And what else makes this exciting is we're assuming |
| 1:21.2 | a low interest rate loan that's fixed with over seven years left so very safe debt fantastic debt you know the units are very large all the units have fireplaces all the units have washer dryer hookups and the returns on this property are fantastic so if you're an accredited |
| 1:36.1 | investor get on a call with our team or register on our portal we'll be doing a webinar on this thing shortly, but text partner to 72345 if you're interested. |
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