Ep #906 - MFRS - From Single Family Flips To Multifamily Fortunes
Lifetime Cash Flow Through Real Estate Investing
Rod Khleif
4.6 • 1.4K Ratings
🗓️ 15 December 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Jon Potts, a real estate visionary, launched his journey five years ago, partnering with his wife to revitalize communities through house flipping. With a remarkable track record of successfully flipping over 20 houses, Jon transitioned strategically into multifamily investing. As a current partner in an 84-unit apartment building and an overall investment in 150+ units, Jon exemplifies the transformative power of passion and strategic thinking in achieving success within the real estate industry, serving as an inspiration for aspiring professionals.
Here's some of the topics we covered:
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Jon's Journey Toward Multifamily
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Flipping Houses & W2 Jobs
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How to form Partnerships & Find Your Superpower
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Why People Will Bring Deals To You
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Standard Rent Bumps In C-Class Assets
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Potential Business Plans For Multifamily Real Estate
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Hurdles To Solve Before Moving Forward With a Deal
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The Importance Of Sacrifice
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.
Transcript
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| 0:00.0 | But then we had that aha moment again. We looked at each other again and we're like, man, we just created another job for ourselves and the income was very inconsistent. |
| 0:09.4 | So then we're like, okay, we need to do something else. |
| 0:13.1 | So that's when we kind of started looking into multi-family |
| 0:17.0 | and came across Rod and the Warrior program. |
| 0:20.1 | And my goodness, it was incredible his program so again like we you know we always do we |
| 0:27.8 | jumped in head first and you know started learning and I joined the warrior program and it has been life changing. |
| 0:35.7 | The amount of people I've met in the in the warrior program are just amazing. |
| 0:41.3 | I've had some great relationships with people and that's actually how I found the partners that I am partnered on in my 84 unit. |
| 0:50.0 | So you know that apartment building or complex you drive by every day? |
| 0:56.0 | Someone owns it and it's probably someone on this podcast. |
| 0:59.0 | Multifamily rock stars join the growing numbers of real estate entrepreneurs who have made the jump |
| 1:04.5 | to buying multi-family properties for lifetime cash flow. Multifamily rockstars, using |
| 1:10.1 | OPM for an O-M-G ROI. Now here are your hosts Ron Cleve and Mark Nakey. |
| 1:17.0 | So this is Multif family rock stars and if you guys don't know this portion of our |
| 1:23.5 | podcast is people that are just killing it in the business. I've got my co-host |
| 1:28.1 | Mark Nagy who's the director of our Massive Action Team for our incredible Warrior |
| 1:31.8 | program as a co-host and we just have a lot of fun on this show if you haven't listened to it I know you'll enjoy it Mark what's up brother |
| 1:38.8 | It's going on rod and I would say even more importantly than that this show is where we walk through people's first deals and people that have you know gotten into the business from brand new so if that's you and this is what you want to listen to. |
| 1:49.7 | Absolutely. So today we've got John Potts and John is a warrior but he's also he started in house flipping and |
| 1:59.4 | He is in over 150 units now and we're going to have a lot of fun today. |
| 2:03.7 | John welcome the show brother. |
| 2:04.9 | Thanks, thanks for having me Rod. |
... |
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