FBF #635: Making Multi-Family Investments Success When Working Full Time
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 25 August 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Today's Flash Back Friday Episode is from Episode #469, which originally aired on August 1, 2022.
Our guest for this week’s show is multi-family Investment Expert, Bernie Leas. Bernie has an extensive background in running high-performing teams at scale and successfully manages multi-million-dollar operations worldwide.
He began investing in real estate a short 4 years ago and like most made his first investments in single-family homes but quickly realized the efficiencies that exist in larger properties and transitioned to multifamily in 2019. Bernie also co-founded and launched Elemental Equity, a Boise-based commercial real estate investment firm that focuses on helping successful W2 earners achieve financial freedom through real estate investing.
Quote:
“Through my W2 position, I’m used to creating systems and processes that I’ve been able to apply to our investments.”
Highlights:
05:27: Diving into Bernie’s first multi-family investment
08:00: Struggles and successes with long-distance investing
10:06: How Bernie handles property management
12:30: Managing real estate investments, a W2 position, and a family
15:07: Cultivating successful partnerships to help with investments
17:02: Debt options for smaller multi-family investments
20:06: Mitigating risk with the rising rates of today’s market
24:30: Scaling in a competitive market
Guest Website: https://elementalequityllc.com/
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
- Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Transcript
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| 0:00.0 | Welcome to this week's edition of Flashback Friday. It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with sunrise.com to learn more. That's invest with |
| 0:22.9 | sunrise.com. Enjoy the show. Hey guys, Kevin Bup here and I want to welcome me to another episode of the |
| 0:29.1 | Real Estate Investing for Cash Flow podcast. Our mission is to help you build and maintain |
| 0:32.9 | massive amounts of cash flow through income producing real estate investments. And our guest for this week show is multi-family investment expert Bernie Lease. Now, Bernie has an extensive |
| 0:42.0 | background running high-performance teams at scale and successfully manages multi-million |
| 0:46.5 | dollar operations worldwide. He began investing in real estate just a short four years ago and like |
| 0:51.4 | most of us made his first investments in the single family |
| 0:54.5 | space, but quickly realized, you know, the various efficiencies that exist in larger properties |
| 1:00.3 | and transition to multifamily in 2019. He co-founded and launched Elemental Equity, a Boise |
| 1:06.8 | based commercial real estate investment firm that focuses on helping successful W-2 earners |
| 1:11.3 | achieve financial freedom through real estate investing. So, guys, it's my honor to welcome, |
| 1:15.1 | my guest for today's show, Bernie Lease. Bernie, how you doing, my friend? |
| 1:18.4 | Don't well, Kevin. Thanks for having me. Appreciate it. Excite to have you here. Absolutely. And as we |
| 1:22.0 | were chatting about before we started rolling into it, you've got to not just, I mean, interesting background as far as like professional career that is before you, you know, dove into real estate. But, you know, we talked about you |
| 1:32.0 | being an Alaskan fisherman for six years of your life, commercial fishermen. And so I'm not |
| 1:36.8 | going to steal your thunder here, my friend, but maybe take a few minutes if you would. |
| 1:40.3 | Kind of back up a little bit. Tell us a little bit about yourself, you know, where you grew up, |
| 1:45.0 | how you've ultimately found yourself into real estate. But I'd love to hear a little bit about |
| 1:47.9 | that commercial fisherman gig that you did for six years. Yeah, sure, of course. Yeah. Well, my family, |
| 1:53.1 | my dad was in the oil business back in the 80s. And so he moved the family to Alaska. And that's kind of |
| 1:57.0 | where I grew up with my mom and dad and two sisters. And just, you know, |
| 2:01.8 | through some network with some friends, neighborhood friend, he had an uncle who had a commercial |
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