Ep #920 - The Power of Consistent Training & Growth - Own Your Power Success Tip
Lifetime Cash Flow Through Real Estate Investing
Rod Khleif
4.6 • 1.4K Ratings
🗓️ 1 February 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Welcome to "Own Your Power," the podcast where empowerment meets action. Join us as we explore the transformative force of consistent training and growth, not only in the multifamily business but in the journey of life itself. Discover the mindset and actions needed to navigate the challenges and triumphs of the current economic landscape. Whether you're a seasoned investor or just starting, our episodes provide insights, inspiration, and a roadmap to help you crush your goals. Tune in, train your mind, and own your power with host Rod Khleif. Own your power with this Success Tip. For more about Rod and his real estate investing journey go to www.rodkhleif.com
Transcript
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| 0:00.0 | So if you're an accredited investor, you definitely want to listen up. |
| 0:03.4 | And I'm sure if you know my story about getting hammered in the 2008 crash, |
| 0:06.9 | you can imagine how conservative I am when I purchase multifamily properties today. |
| 0:11.2 | In fact, we haven't purchased a property in over a year because we're so conservative. |
| 0:15.0 | Well, things are definitely finally opening up. Distressed assets are hitting the market. |
| 0:19.6 | And we've got a beautiful asset in San Antonio that you're going to want to hear about. Now this property was listed for 28 million then actually it was under contract for 26 million previously. The contract fell through we're only paying 20 million. We're paying $100,000 per unit and the property right next to this one |
| 0:35.0 | recently sold for 137,000 a unit. And another adjacent property sold for 120,000 a unit to give you |
| 0:41.1 | an idea of the incredible value here. |
| 0:43.4 | Now what else makes this super exciting is it's approximately a mile away from another |
| 0:47.3 | 296 unit complex we already own. |
| 0:50.1 | So we know this area very well and we love it. |
| 0:52.4 | So we're going to also have economies of scale. |
| 0:54.4 | Our existing property does extremely well because it's such a great area and this new property is actually quite a bit better |
| 1:00.2 | than our existing property. For example, the units are larger and they all have |
| 1:03.7 | fireplaces and washer dryer hookups and this property actually sits on a large |
| 1:08.1 | beautiful lake. It's got a lot of units that are actually lakefront and on the |
| 1:11.6 | other side the property is a golf course I mean just |
| 1:13.4 | gets better and better now if you're not aware San Antonio is one of the best |
| 1:16.4 | markets in the country to invest in right now and what else makes this exciting is |
| 1:20.3 | we're actually assuming or alone it's approximately 4% that's still got seven years left on it. |
| 1:25.1 | So it's fantastic debt and the returns we're projecting for this property are really very solid. |
| 1:30.1 | So if you're accredited get on a call with our team or go to C ree capital.com and watch the webinar on this property. |
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