The Lifetime Cash Flow Through Real Estate Investing Podcast

Here's some of what you will learn: Entrepreneurs are the doers, not the just the dreamers. Entrepreneurs find their passions and turn them into paychecks. Entrepreneurs have the mindset that they know they will win. Entrepreneurs turn dreams into goals, they know why those goals are absolute musts, and then they take massive action. Your I Will and Your I Can are much more important than your IQ. "The best way to predict the future is to create it." – Peter Drucker Behind every success story is someone who made a decision. "About half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance." – Steve Jobs Life is a team sport. Build relationships and networks. Don't wait for opportunity to knock. Knock a hole in the wall and build a door. "Success consists of going from failure to failure without loss of enthusiasm." - Winston Churchill "Never, never, never give up." - Winston Churchill You never really lose when pursuing your dreams. You either succeed, or you learn

Anna Simpson was a real estate agent in Texas with a masters degree in psychology. How to get started with passive investing in multifamily property. How to find deals through relationships. Before you begin, make sure you have a team. How to utilize and engage the team and property management to make sure expenses and market rents are consistent. How to use Freddie Mac if where you can use a property management company for the experience requirement. The importance of bringing people on board with a good resume and experience. How to provide value for others as you gain more experience closing deals. The benefits and drawbacks of Syndication vs Partnerships. Creative ways to close a deal with a team with a unique structure. Tips for closing your fist deal through planning. Learn about SWOT analysis, and identifying strengths and weaknesses. The importance of having a mentor and following a path to success. How to get over difficulty and discomfort and continue to grow. How to begin taking action if you are

 Here's Some of What You Will Learn:  How to build Cash flow and build equity over time. How to identify opportunities and secure a good deal. How to use leverage as a key to take action. How to transition into larger multi-unit properties. How to use network groups to your advantage and open up more options. How to find a team that plays on your strengths and weaknesses. To use others strengths to help make your deal a success. The value of investing time and effort into rehab to increase value. How to find the right properties to invest in. How to use in a property, such as high expenses, to your advantage. Tips and Tricks on finding investors. The process and strategy of building relationships with an investor. Identify the value of proper research into your property and market. Find ways to finance your real estate education. Identify limiting belief systems and reject fear for continued growth. Identify the value of Total Immersion Overcome challenges during the journey to success. Associate pleasure or

Here's some of what you will learn: Faith is the first thing you need to embrace a full and rewarding life. Without faith in yourself, nothing is possible. With faith, there is nothing you can't tackle. Faith provides an inner strength that can't be derailed. Faith is believing in your heart what your mind not yet accept as true. "Faith is taking the first step, even when you don't see the whole staircase." – Dr. Martin Luther King Jr. In the midst of darkness, focusing on what is beautiful will always break us through. When your doubts create mountains, your faith will move them. You are what you do, not what you believe. "Faith in oneself is the best and safest course." – Michelangelo You will be amazed what happens when you refuse to give up. Where faith begins, your worrying ends. For more information on my January Multifamily Bootcamp in Tampa Text Multifamily to 41411 or visit MultifamilyBootcamp.com Join us online at MultifamilyCommunity.com Connect with me on Facebook at: Rod Khleif Text ROD to 4141

Here's Some of What You Will Learn:  Jason comes from a heavy construction background where they move and lift houses. Smaller rental properties are nice but when looking at economies of scale, multi family is the way to go. Why you should look at population growth in the area of properties you are looking to invest in. How a diversity of jobs in the area you are interested in is important. Different team members needed in order to invest in multifamily. How building relationships with property managers can find you deals. If you roll CapEx repairs into a loan, they will make sure you are actually going to do the repairs. IRR – Internal rate of return – Calculates cash flow, appreciation, principal reduction and tax benefits. What to do when you want to buy and hold for a long time but your investors want to cash out in 5-7 years Once you make your investors' money, then they will trust you more and tell their friends to also invest in you. If you express your investment plans in the beginning with an inves

  Here's some of what you will learn: There is a big difference between being busy and being productive. It's important to avoid killing time; reality is that time is killing you. Many people get caught in perfectionism and don't take action. The most effective way to do something is to JUST DO It. You should never do tomorrow what you can do today. Procrastination, perfectionism, and analysis paralysis will steal this life from you. Being done is better than being perfect. Obstacles are frightful things you see when you take your eyes off the goal. Either you run the day, or the day runs you. Productivity comes from focus, planning, and a commitment to excellence. Only YOU can make that happen. "The way to get started is to quit talking and start doing." –Walt Disney Time is non-refundable, don't squander it. Have BHAG's: Big Hairy Audacious Goals. Know why those goals are a must. Plan and put timelines on your goals. Use the 20/80 principle. 20% of what you do gets you 80% of the traction. Be focused when

Here's Some of What You Will Learn:  Dr. Buck Joffrey owns 7 apartment buildings, 1 medical office building, and a total of 500 plus units. Buck is a surgeon who watched other doctors investing in stocks take a huge financial hit in 2008. The 2008 stock market collapse caused Buck to seek out safer, smarter, more long-term and lucrative investments. To Buck, this meant investing in multifamily real estate - something he had never considered before watching stock investments fail for others. Why you should know this business as much as possible before buying your first property. What class property you should look for when buying your first apartment complex. Why D class properties aren't the best properties to invest in. You should not buy a property unless you know who is going to manage it. Before you have a property, you need to have a team. Make sure you verify that the rent roll matches what people are actually paying. Why you need to do the proper due diligence before buying a property. Why you should

Lose all Limitations with the Power of a Positive Self-Image Here's some of what you will learn: Developing a strong, positive self-image is the best thing you can do to prepare for success. Your self-image sets your boundaries for what you can accomplish. It's never who you are that holds you back; it's what you think you're not that holds you back. If you constantly see yourself as insignificant, you will never rise above the limitations you set on yourself. If you allow your self-image to be dictated by others, you will always be their prisoner. No one can make you feel inferior without your approval; don't give the world permission to make you think less of yourself. Learn to love your imperfections. Find balance with taking time in the gym to love your physical self and learning to love your psychological self. Body or physical love always follows self-love. The more content you are with yourself, the less you'll feel the need to compare yourself to others. Comparison is an act of self-violence because

Here's Some of What You Will Learn:  Opportunities in building to rent or building to flip How to structure a real estate development deal. How structuring a deal with the seller of the land can benefit construction financing. How to minimize out of pocket equity when dealing with real estate development. If you do not have any experience on contracting, partner up with a general contractor when getting into real estate development. How to find good general contractors. Going from a commercial zoning to a residential zoning is typically easier that the alternative. Development is a longer process, typically 6-12 month depending on rezoning and planning. It is best to find land that is free and clear. If it's just a purchased land, cash on cash return will be minimal for the first few years. 2-3% per month is typically the standard on leasing up per month after development of a property. You should always try to use a local architect because it will benefit you even though you have to pay more. Local archite

  Here's some of what you will learn: Commercial multifamily real estate is a team sport. "If you want to go fast, go alone. If you want to go far, go together." –African proverb. Don't buy into the idea that we need to isolate ourselves from others in order to be successful. In reality this prevents us from having as much joy and lasting success as we would with others. The definition of teamwork is the combined effort of a group of people working together to reach a common goal. Teamwork divides our efforts and multiplies our results. If one member of the team moves forward, everyone moves forward. When everyone moves forward together, success inevitably follows. Teamwork makes dreams work. It's never the team with the best players that wins. It's the players with the best teams. Teamwork begins with trust. Requires we overcome our fear of vulnerability. Respecting, caring, trusting for one another is what truly bring people together. Every person on the team needs to be fully committed and play full out.

Here's Some of What You Will Learn:  Nathan received 100% financing and 100% renovation and closed in 24 days from a community bank on his first deal! Nathan first deal was 2 apartment buildings (30 units) in Winston Salem and flipped them for a $250,000 profit in 8 months. Why you should offer what the property is worth to you and not what the owner is asking for. How to find deals in this market. Why your relationship with Brokers are important. Why you should be as specific as possible when talking with a broker. Defining your niche. How your wife's intuition can help you in this business. Why you should call the zoning department as part of your due diligence. Calling the planning department can help determine if anything is planned that will positively or negatively affect the property. You should never rely on anyone (Seller/Broker/etc) when doing your due diligence; you need to find this information yourself. Whenever you are dealing with a bureaucracy (planning, zoning, building department, assessor

  Here's some of what you will learn: Success takes a bold vision, goals, strategic thinking, and intentional planning. Think big about the future, think small about the steps you will take to get there. All that stands between you and your dreams is an intentional plan. "It takes as much energy to wish as it does to plan." - Eleanor Roosevelt Nobody plans to fail in life, failure is what happens when you don't have a plan for the future. Nobody has ever failed because of good planning. A good plan in action is worth more than a perfect plan in your imagination. Plans may get sidetracked, but you can learn how to move forward with new plans. Tomorrow's victory belong to the person who prepares for it today. Taking action without planning is like knitting your parachute on your way down… Planning brings the future into the present. Fortune favors those who prepare. One hour of focused planning can save ten hours of unfocused action. Join us online at multifamilycommunity.com Connect with me on Facebook at: Ro

How to reach out to investors with self-directed IRA's to invest in your syndications. Scott Maurer, director of business development for Advanta IRA. Here' some of what you will learn in the episode. Many people with self-directed investment plans do not realize that they can use their accounts to invest in real estate. Self-directed IRA's are investment tools and have options to invest in real estate that most people don't know about. There is $7 Trillion dollars in IRA accounts and 95% is invested in the stock market. People associate IRA's with the stock market, but people with self-directed IRA's have options to invest in real estate. The IRS allows you to self-direct your investments into real estate. Include IRA's as part of your discussions with potential investors. Consider creating a PowerPoint presentation that explains who you are and what you do to show to potential investors. "I found a new way to invest with me and have zero tax consequences as well."   To learn more about Scott Maurer and A

  Here's some of what you will learn: We all face challenges, nobody, not even the sweetest and gentlest among us go through life without some scars. Be grateful for challenges, they build your strength and character. When things are easy, we don't grow. If we aren't growing, we are dying. "Life is either a daring adventure or nothing at all." – Helen Keller Sometimes opportunities come dressed up as misfortunate or defeat. Every success story happens when someone decides not to quit. Overcoming challenge is what gives our lives meaning. "The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." Martin Luther King Jr. The most dangerous place you can be is inside your comfort zone. Your magnificent life is on the other side of your comfort zone. You'll never know how tall you truly are unless and until you get yourself in over your head. Your challenges aren't there to destroy you, they're there to make you stronge

In today's episode you will learn:  Mindset isn't just a way of looking at the world; there are a lot of proponents to mindset. Attitude, beliefs, habits, perception, emotion, and behaviors all deal with mindset. Highly successful people have more empowering rituals and routines than people that are not as successful. Just having happy and positive thoughts won't attract those things that you desire. If you have a vision for your life and goals, and you have the ability to stay mentally and emotionally focused on that vision and those goals are, and you upgrade your knowledge and skills so that you know what it takes to match that vision or goal, and you get your body to move into action to do the right things, in the right order, at the right time, then and only then will you be in resonance. Law of attraction = resonance Resonance at the spiritual, emotional, mental and physical body, have to be perfectly aligned. Law of attraction goes well with the G.O.Y.A law. Let go of the illusion that the "How to" i

Here's some of what you will learn: "The unexamined life is not worth living" – Socrates A coach will help you examine your life. A coach takes someone where they can't take themselves. A coach believes in you, encourages you, and gives you great feedback, and helps you see things from different perspectives, and keeps you focused on your ultimate outcomes. "The best advice I ever got? Get a coach." - Eric Schmidt, Former Chairman and CEO of Google "Everyone should have a coach." -Bill Gates, Founder Microsoft A good coach can show someone what they can be rather than what they are. Coaching bridges the gap between where you are and where you want to be. A great coach can help someone achieve massive leverage in their life or their business. "A coach is someone who tells you what you don't want to hear, who has you see what you don't want to see, so you can be who you have always known you could be." – Coach Tom Landry, Dallas Cowboys A coach is results oriented. A coach will help you with your vision. A co

What is Tax Planning? The end goal for tax planning is to keep more of what you make. How real-estate investors fail to plan. Reasons to why you should put properties in their own specific LLC. If all your properties are under a single member LLC and they all flow into one holding company, then you only have 1 tax return. Why good record keeping is important in this business. How your kids can be included in a deductible. How a Medical expense reimbursement plan can be counted in a deductible. Your home office can be included in your deductible. Your home gym and pool can become a deductible also. Why real estate investors should communicate with their CPA on a monthly basis. What is a foreign retirement plan. How cost segregation can make you money. Book recommendation: 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands: The Hidden Truth Behind Lowering Your Tax Bill – By Craig Cody Book recommendation Secrets of a Tax Free Life – By Craig Cody and 14 other authors Connect with me on Facebo

  Here's some of what you will learn: The conditions are never perfect. The most successful people are action takers. Change your "shoulds" to absolute musts – to actively embrace the life of your dreams. Do not set a goal without a deadline – there's no urgency! Every day you wait is a day you will never get back. Urgency is about self-motivating and pushing yourself forward. Decide what's important in your life and take action! Do not allow what is urgent to take precedent over what is important. Stay focused and prioritize what is urgent. Take action on your dreams and stop wasting your valuable time on things that don't matter. Join us online at multifamilycommunity.com Connect with me on Facebook at: Rod Khleif Text ROD to 41411 or visit RodKhleif.com for a FREE copy of my book, "How to Create Lifetime Cash Flow Through Multifamily Properties". I hope you will join me next week for Your Driving Force Success Tip! Want to build Lifetime Cash Flow from Multifamily Properties? If you're committed to cre

 In this Episode You Will Learn :  Single Family vs. Multifamily Typically Turnkey rental properties Someone has already made the profit When you have only one or two houses that are thousands of miles away from you live, you have no leverage on your management company. Instead of investing in Turnkey properties, invest in multifamily properties for better value. How to flip houses to invest into cash flowing investments. Single family houses are more liquid than multifamily but are purchased based on emotion while multifamily is all based on numbers. When you own properties that are spread out far from each other, they are harder to manage. In multifamily, a typical building will have all the same utilities and building materials so its easier to stock up on parts. In single family, if someone trashes a house, cashflow could be lost for up to 2 years. Average turnover in single family is a minimum of a couple thousand dollars. When the market crashes, multifamily will contract, but they will still cashflow

  Here's some of what you will learn: The most important 2 days of your life – 1. The day you were born and 2. The day you uncover the reason you were born – your purpose in life! The greatest minds in the world have purpose. A strong sense of purpose creates passion – which will drive you. Your purpose involves adding value in some fashion. Your magnificent purpose filled life is on the other side of fear. Look to the universe to give you clues that point towards your purpose. It's not important where you are right now, it's important what direction you're headed. Join us online at multifamilycommunity.com Connect with me on Facebook at: Rod Khleif Text ROD to 41411 or visit RodKhleif.com for a FREE copy of my book, "How to Create Lifetime Cash Flow Through Multifamily Properties". I hope you will join me next week for Your Driving Force Success Tip! Want to build Lifetime Cash Flow from Multifamily Properties? If you're committed to creating the life you deserve, we've created the best multifamily traini