Ep #938 - MFRS - Supplementing Your W2 Income With Multifamily

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Education, Investing, Business

4.6 • 1.4K Ratings

🗓️ 15 March 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Karl Schlobohm, a devoted teacher and single parent, joined the Warrior Group in 2021 to build a financial legacy for his daughter and beloved charities while seeking personal financial freedom. Passionate about travel, guitar building, cycling, coffee roasting, and adventure, he has focused his real estate pursuits on RV/Boat Storage, Self Storage, and RV Parks. Notable achievements include a storage expansion project in Gainesville, FL, with fellow Warrior Scott Gimbert, and a partnership with Charlie Peters in acquiring a 27-unit apartment complex in Kingsland, GA. Karl's story resonates with those longing to break free from the rat race for family time and community impact. Despite successes, he remains dedicated to teaching until his real estate income surpasses his W-2 earnings.

Here's some of the topics we covered:

Getting Your First Deal Through Distressed Property
Massive Value Add To A Self Storage Facility
Partnering With Other Warriors For Great Success
Elderly Sellers And Building a Bond With Them
Educating Yourself To Move Forward In Life and Business
What To Look For In a Purchase Price
Long Term Holds That Cashflow Like Crazy

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.

For more about Rod and his real estate investing journey go to www.rodkhleif.com

Transcript

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0:00.0	So you know that apartment building or complex you drive by every day? Someone owns it and it's probably someone on this podcast.
0:11.0	Multifamily rock stars. Join the growing numbers of real estate entrepreneurs who have made the jump to buying
0:16.3	multi-family properties for lifetime cash flow.
0:19.0	Multifamily rock stars using OPM for an O.M. G. R.O. I. I now here are your hosts
0:26.2	Rod Cleef and Mark Nakey. Welcome back to the new version of
0:30.6	Multifamily rock stars and because of feedback from you guys and
0:34.3	the fact that we're always trying to make things better we've decided to make these
0:37.8	episodes more about deep diving into our guest steals which we're going to do
0:41.4	again today and give you more practical and really
0:44.1	actionable items for getting started and and ideally doing your first deal
0:48.0	especially if you're new to multifamily of course I've got my co-host
0:51.5	Mark Nagy here with me.
0:52.6	What's going on, Rod, excited and curious, because our guest here was telling us some kind of unique ways
0:58.6	that we maybe haven't talked about that he's gotten into deals today, so I'm excited to hear.
1:03.0	Yeah, for sure.
1:04.2	So we've got Carl Schlowbaum here today and he's a teacher by trade, a single parent,
1:09.9	so he's got his hands full and welcome brother glad you're here man.
1:14.3	Thanks so much for having me out round.
1:16.0	It's a pleasure.
1:17.4	Absolutely.
1:18.4	Well why don't you give our listeners just a little background of who you are and why real estate and and we'll start there.
1:26.1	Yeah, so you know as you know teaching doesn't really provide for a strong prospect for financially for future.
	...

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