The Rookie's Ultimate Guide to Multifamily Real Estate Investing
Dropping Bombs
Brad Lea
4.8 • 2.3K Ratings
🗓️ 17 July 2025
⏱️ 78 minutes
🧾️ Download transcript
Summary
LightSpeed VT: https://www.lightspeedvt.com/
Dropping Bombs Podcast: https://www.droppingbombs.com/
You’re here because you want to win—big. Brad Lea doesn’t mess around. In this
episode, he sits down with Michael Mannino Sr. to tear into the unmatched financial and tax advantages of multifamily real estate investing, delivering the unfiltered truth you won’t find anywhere else. No fluff, just real talk and actionable steps to crush it in business and life.
Michael's links
https://aiventuresllc.com
https://www.drivensuccesspodcast.com
Brad Lea is a self-made entrepreneur who turned small-town grit into a
multi-million-dollar empire. With over 25 years dominating sales and leadership, he’s mentored thousands to outsmart, outwork, and out win their competition. His top-rated podcast, Dropping Bombs, brings raw, game-changing insights from the biggest names in business.
LightSpeed VT is Brad’s brainchild—the world’s leading interactive training platform. It’s built to make your team sharper, faster, and more effective, without wasting time or money. Whether you’re a startup or a Fortune 500, LightSpeed VT is how you scale success and dominate your industry. Curious? Check it out:
https://www.lightspeedvt.com/
Brad’s also behind Closer School, the go-to program for mastering sales and closing deals like a pro. Want to 10x your income? This is where you start. His book, The Hard Way, lays out the brutal, honest lessons he learned building his empire—your blueprint to winning the game. Get it here: https://bradlea.com/product/the-hard-way/
This isn’t just a video. It’s a wake-up call. Watch it. Share it. Act on it.
Closer School: https://www.closerschool.com/cs
Transcript
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| 0:00.0 | In multi-family, if you're an LP investor and you come into a deal, you put in $100,000. We're going to do a cost segregation, and that study comes back, and you can take depreciation up to 40% year one. My objective is not pay taxes. Martial arts taught me about systems and process. You go for three months, you test. Either fail or pass. Was the laws better before? Trump had 100% when he started, but he wants to reinstate the 100% depreciation. |
| 0:22.6 | This is the reason multifamily blows away every investment. |
| 0:28.6 | You haven't been divorced, 34 years. |
| 0:30.8 | 34 years. |
| 0:31.5 | I met my wife when she was 17. |
| 0:34.6 | Take her to prom. |
| 0:35.5 | And you've been married ever since? |
| 0:37.3 | Happily married ever since. That's the key. Well, how do you do that? Well, the first and foremost, this is the part that most people miss. And I'm sure you're going to agree with me. Get the right one. Without the right one, it's impossible. So I found the right one up front and then do the right thing. You know, |
| 0:56.0 | don't not come home. I think I missed home. Not recently I'm doing more traveling, looking at |
| 1:01.5 | an apartment complexes, but for the majority of our relationship, I was home every night. |
| 1:06.6 | Large majority. 30 years. So the right one's the right answer. |
| 1:11.5 | Because you can go home every night. |
| 1:13.3 | If you got the wrong one, you're screwed. |
| 1:15.7 | Yep. |
| 1:16.7 | Folks, this dude's a fifth degree black belt. |
| 1:19.8 | He breaks bricks literally. |
| 1:22.1 | And they're not fake. |
| 1:23.8 | No. |
| 1:24.4 | I would have had a personal demonstration, but my assistant thought he was going to pitch me |
| 1:30.1 | something. |
| 1:30.6 | So she said no demos. |
| 1:32.3 | No demos. |
... |
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