Apartment Building Investing With Michael Blank Podcast

Mario Rapaj has been in our mentoring program for nine months now, but he hasn’t closed his first deal.And he’s frustrated.So, what’s holding Mario back?Is he doing the right activities? Does he have any limiting beliefs? What can he do to get unstuck and finally become a GP?Mario is Founder of Tex-Alb Real Estate Investment Group, a syndication business headquartered in Dallas, Texas. He has an LP portfolio of 375 multifamily units and owns several single-family properties.Mario is driven to improve the quality of life in the communities where he invests and help passive investors build generational wealth.On this Business Boost coaching session, Mario shares his challenges in finding deals that fit his criteria and getting investors to commit in the current market.I ask Mario what he’s doing to raise capital, offering advice around how to get more investor leads and connect with partners who specialize in raising money.Listen in for insight on finding a mentor to support your investing journey and learn how

Ed Hermsen’s first multifamily deal fell in his lap, and he got it done fast.But because that initial success came somewhat easy, Ed hadn’t taken the time to work on his mindset.He didn’t have a morning routine. He hadn’t practiced writing down his goals. And no one was holding him accountable to take the next steps.That’s why it took Ed a full two years to buy his second apartment building!Ed is a former mortgage banker turned full-time real estate investor with a portfolio of four multifamily properties and two RV parks.He is also the creator of Campground Ventures, a YouTube channel designed to educate investors on the ins and outs of RV parks.On this episode of Financial Freedom with Real Estate, Ed explains why he’s the exception to the Law of the First Deal and describes what he did to get back into multifamily investing.Ed opens up about why he’s self-funded all his deals so far, and we challenge him to overcome his fears around real estate syndications.Listen in for Ed’s insight on the benefits of inv

Andrew Elio is a 22-year-old recent college graduate, but he already knows that he doesn’t want to work for someone else the rest of his life.That’s what motivated him to join our Deal Maker Certification program a month ago. At the same time, he started working a full-time job.How is Andrew juggling both responsibilities? What’s he struggling with? What progress has he made so far?And what’s the most important thing Andrew can do to accelerate his success?On this edition of Business Boost with Michael Blank, Andrew shares his anxiety around talking to brokers, and we discuss the role of practice in building confidence.Andrew describes how he got into the habit of taking consistent action every day, and I discuss the benefits of networking with the Deal Maker Mastermind community.Listen in as I address Andrew’s questions about what a loan covers (and what it doesn’t) and offer advice on finding an experienced mentor to fast-track his journey to financial freedom!For full episode show notes visi

Sudhir Jarajapu took the first steps on his multifamily investing journey and invested in our mentoring program.But then he got off track.In fact, it took Sudhir nine months to work through the first 90 days of the program!So, what got in the way? And what did Sudhir do to get back in the game?Welcome to the first of our Business Boost with Michael Blank series on Financial Freedom with Real Estate Investing, where I do a live coaching session with a new syndicator!On this episode of the podcast, Sudhir explains what inspired his interest in multifamily investing and why he chose to pursue mentoring with the Michael Blank organization.Sudhir describes how he struggled to make time for the mentoring program at first and shares how both his mentor and his family eventually held him accountable to take action.Listen in as I ask Sudhir what he needs support with right now, and we design an action plan to help him achieve financial freedom with real estate!For full episode show notes visit: https://

It took Chris Pomerleau four years to realize he didn’t have to replace toilets himself and another four years to realize he didn’t have to do his own books.That’s when Chris went from simply doing deals to building a real estate business.So, why does it take most investors so long to scale? And what can YOU do to achieve financial freedom much faster?Chris is Cofounder of LeavenWealth Capital, a real estate investment firm out of Omaha, Nebraska, with 2,700 multifamily units totaling $211M in assets under management.Chris also serves as Cofounder and VP of Investment Strategy at Rayven, a Reg A investment business committed to fighting climate change by way of net-zero apartment buildings.On this episode of Financial Freedom with Real Estate Investing, Chris joins me to discuss how he got his start using the BRRRR method with SFHs—until he realized it wasn’t scalable.Chris explains how he grew his real estate business, describing how he made the shift from borrowing money to raising equity and why having con

Are you surrounding yourself with people who will get you to the next level?Five years ago, a group of seasoned multifamily investors got together and established a Mastermind to support each other as we scale our real estate businesses.And I’m proud to be part of that group with Matt Faircloth, who’s been in real estate full-time since 2005Matt serves as Owner of DeRosa Group, a multifamily investing firm with a portfolio of 1,800-plus units and $150 million in assets under management.Matt is also the author of the Amazon bestseller Raising Private Capital: Build Your Real Estate Investing Empire with Other People’s Money.On this episode of Financial Freedom with Real Estate Investing, Matt and I discuss the opportunities we see coming in the multifamily market.Matt describes the properties in his portfolio that are doing well versus the properties that are struggling, and we brainstorm strategies for dealing with rising insurance rates for multifamily.Listen in as Matt shares his vision for scaling DeRosa G

Chad Schieler saw himself as the numbers guy, so he let partners handle the task of raising money for his first big real estate syndication.But his team was short. At closing, they had $1M of a $1.4M raise, and Chad had to take out a bridge loan to cover the rest.That experience inspired Chad to overcome his limiting beliefs around raising money and take his syndication business to the next level.Today, he is Founder and Principal at Focused Capital, a multifamily firm that helps busy professionals generate passive income and create wealth through real estate investing.After 17 years running a successful credit card processing service business, Chad became a full-time real estate investor. He is a GP on 139 units and LP on 900-plus!On this episode of Financial Freedom with Real Estate Investing, Chad explains what he struggled with early in his real estate career, describing his fears of asking for money and the flaw in his underwriting formula.Chad discusses how investing in a mentor gave him the confidence

Does your business feel like a black hole?Are you feeding it all your time, energy and money? But it just keeps sucking away?Too many business owners get to the end of their career and don’t have much to show for it, selling for next to nothing or simply letting the business fade away.But what if you could leverage your business profits to build personal wealth?Todd Polke is an international educator and trainer in the realm of wealth creation and building strategic investment portfolios.Todd is dedicated to the mission of helping as many people as possible break free from the default and ‘live a life unlimited by income.’On this episode of Financial Freedom with Real Estate Investing, Todd explains the idea behind his Profits to Portfolio system and how it helps business owners grow their personal wealth.Todd shares how Australia’s real estate market compares to the US, offering advice on how to navigate the current downturn and prepare to capitalize on opportunities coming down the pike.Listen in for Todd’s

We all go through challenging life experiences, be it the loss of a loved one, a serious illness, or painful divorce.And the last thing we need in those circumstances is to worry about money.But what is the best way to build the kind of passive income you need to make it through tough times without stressing about finances?Rachel Richards is the creator of Money Honey, a financial education platform that helps young women manage their money effectively and achieve financial freedom.Rachel achieved her own financial independence at the age of 27 with a portfolio of 38 rental units, and she is the bestselling author of Money Honey and Passive Income, Aggressive Retirement.On this episode of Financial Freedom with Real Estate Investing, Rachel explains how she and her then-husband leveraged real estate to reach a passive income goal of $10,000 a month in just three years.Rachel shares her definition of financial independence and describes how it gave her the opportunity to escape to Italy and heal from a painful

Asset management can be a real challenge for multifamily operators, especially if you’re managing properties from a distance.If a site is not working, how do you figure out what’s wrong? Is it the staff? Are rents too high? Do you have too many work orders?The good news is, new AI tools can give GPs transparency around what’s going on—helping us set pricing, manage expenses and optimize the performance of our real estate assets.Marc Rutzen is Cofounder and CEO of HelloData.ai, a game-changing platform that is using data science to transform the world of proptech.On this episode of Financial Freedom with Real Estate Investing, Marc joins us to explain why the HelloData team decided to take on asset management.Marc discusses the weaknesses of traditional revenue management software, describing how HelloData leverages AI to address those problems.Listen in for Marc’s insight on the potential dangers of AI and learn how HelloData can help you analyze numbers effectively, evaluate your operations and optimize your

A multifamily operator in Houston recently lost 3,200 units to foreclosure.Is that a sign of calamity to come? Or can we learn from their mistakes and ask better questions before we invest in our next syndication?On this episode of Financial Freedom with Real Estate Investing, I walk you through nine important questions to ask before you invest in your next multifamily syndication.I explain why not-so-good operators (what I like to call NSGOs) are struggling in the current multifamily market and how to differentiate an NSGO from a capable one.Listen in to understand why it’s a mistake to sit on the sidelines until the real estate market changes and learn how to find great deals right now for pennies on the dollar!For full episode show notes visit: https://themichaelblank.com/podcasts/session382/

Caleb Johnson’s mother had just had surgery and was living off savings while she recovered.But after three months, she wasn’t healed and had to make an impossible decision: Return to work in excruciating pain or prolong retirement by several years.Inspired to help his mother financially and achieve financial freedom himself, Caleb started investing in real estate at the age of 18.Today, he is the 25-year-old Founder of Red Sea Capital Group, and Caleb has a $9 million real estate portfolio of 117 units.On this episode of Financial Freedom with Real Estate Investing, Caleb joins us to explain how he started his real estate journey with a house hack and then partnered to invest in bigger multifamily deals.Caleb discusses why it was harder to raise money than he thought and challenges newbie investors to have an experienced partner verify our underwriting early on.Listen in for Caleb’s insight on persevering through roadblocks and learn where to find partners with the capital and knowhow to help you get a deal d

So, you’ve got some money set aside to jumpstart your real estate career. What should you invest in?An apartment building? Mobile home park? Something else?The answer is no. Don't do any of those things. If you have money to invest, the first thing you should invest in YOURSELF.John Manfredy has over 30 years of real estate experience as an architect where he was responsible for design, project management and construction supervision for projects budgeted over $500 million.But when John was laid off during COVID, he transitioned to multifamily investing and development, and today, he serves as Principal at Manifest Multifamily Group.On this episode of Financial Freedom with Real Estate Investing, John joins us to explain how our mentoring program helped him transition from a W-2 to real estate quickly and avoid mistakes ‘with a lot of zeros behind them.’John describes how he raised $1.7 million in three days, challenging us to share opportunities with potential investors months in advance and build a team wit

Scaling up a multifamily investing business starts with scaling up your capital raise.And one key strategy for expanding your investor network is to get referrals from friends and family who already invest with you.But how do you encourage your investors to talk about their experiences? How do you leverage referrals to build momentum in raising money for real estate deals?Dan Reilly and Greg Danielson are Managing Partners at Measured Capital, a private equity firm that sponsors value-add multifamily investment projects.Dan and Greg both walked away from lucrative careers for real estate, and since becoming partners in 2022, they have built a portfolio of 500-plus units.On this episode of Financial Freedom with Real Estate Investing, Dan and Greg join us to explain how they overcame limiting beliefs around talking to brokers and scaling up quickly to build a successful multifamily business.Dan and Greg discuss their decision to invest in Des Moines and Jacksonville, describing how they’re gaining traction in

You say you want financial freedom. You want to build wealth and have money for extraordinary experiences.But if you’re doing what everyone else does, if you’re trying to save your way to wealthy, you’re never going to get results.So, what do you do if the path you’re on doesn’t lead to the outcomes you want?PJ Ghadimi is a self-made millionaire who’s taken the world of entrepreneurship by storm. He transitioned out of a lucrative but limited career in banking to build several successful businesses, including Exotic Car Hacks and Watch Trading Academy.Today, PJ is at the forefront of entrepreneurial education, helping aspiring business owners start their own venture and then grow to the next level of success.On this episode of Financial Freedom with Real Estate Investing, PJ joins us to share his journey from corporate finance to entrepreneurship and explain how he continues to scale his income exponentially.PJ offers advice on reinventing yourself in order to level up, challenging you to get better at your c

The recent foreclosure on 3,200 units in Houston has investors nervous about putting their money in multifamily.But does that default mean we should all be sitting on the sidelines?John Casmon argues that investing in apartments is a business, just like any other. And if we avoid the red flags in the Houston deal, we can (and should) continue business as usual.John is Head of Acquisitions and Investor Relations at Casmon Capital Group, a multifamily investing firm committed to helping busy professionals achieve financial freedom.John has invested in over $100 million worth of apartments, and he is passionate about consulting with active multifamily investors to help them start or grow their business.On this episode of Financial Freedom with Real Estate Investing, John joins us to discuss what mistakes the Houston operators made and how to protect yourself from a similar fate.John explains how he got started with 2- to 4-unit multifamily properties and shares the breakthrough that gave him the confidence to ra

You are the average of the five people you spend the most time with.But what if you don’t want the same life as your current sphere of influence? How do you connect with successful people who will help you level up?Matt King is CEO of GoBundance, a high-level mastermind group for high-achieving men and women who choose to lead epic lives.On this episode of Financial Freedom with Real Estate Investing, we revisit Matt’s talk at Deal Maker Live 2023 on the importance of building a powerful sphere of influence.Matt explains how to leverage the power of our subconscious mind, challenging us to create a five-year vision for our life and choose a peer group that holds us accountable to our goals.Listen in for Matt’s insight on auditing your current sphere of influence and learn how to deliver value to the people you want in your tribe!For full episode show notes visit: https://themichaelblank.com/podcasts/session376/

Who is better at raising capital, extroverts or introverts?You might think extroverts have the advantage when it comes to raising money for real estate deals. But the truth is, introverts can be just as good at sourcing funds.The secret is to embrace your unique personality and approach networking with investors in a way that leverages your strengths.Mandy McAllister serves as Managing Member at Good Fortune Capital and CEO of GoBundance Women. Camilla Jeffs is Founder and CEO of Steady Stream Investments and Host of the Quiet Wealth podcast.On this episode of Financial Freedom with Real Estate Investing, we revisit Mandy and Camilla’s talk at Deal Maker Live 2023 around raising capital based on the strengths of your personality.Mandy describes what makes her good at raising capital as an extrovert, and Camilla explains how being an introvert helps her build strong one-on-one relationships with LPs.Listen in for Mandy and Camilla’s top ten tips for networking with investors and learn how to tailor these capit

Those of us with analytical minds tend to be fairly risk averse.But entrepreneurship requires that we move forward with incomplete information.So, what can we do to overcome that fear of the unknown and get into our first real estate deal? How do we develop the confidence to figure things out as we go along?Nicole Gauthier is Founder of Wicked Holdings, a real estate investment community focused on social change and community empowerment.Nicole was an accountant in the oil and gas industry before transitioning to real estate, and she has a heart for helping busy professionals build generational wealth through multifamily syndications.On this episode of Financial Freedom with Real Estate Investing, Nicole joins us to discuss how the mantra ‘progress over perfection’ helps her overcome the uncertainty of investing in real estate.Nicole describes how her education and experience as an LP gave her the confidence to become a multifamily operator and explains how to develop transformational relationships with inves

What is the best real estate investing strategy for 2023?Should you try wholesaling? Or invest in Airbnbs? How about fix-and-flips? Turnkey rentals? Or maybe a multifamily syndication?On this episode of Financial Freedom with Real Estate Investing, Garrett takes on the role of moderator, and we sit down with some big hitters in the industry to debate the pros and cons of each approach.Kyle Stanley of The Fearless Investor explains why he likes short-term rentals and Hayato Hori of RocketOffr shares the benefits of wholesaling.I describe the advantages of apartment building investing, Chris Clothier of REI Nation discusses why he prefers turnkeys, and Henry Washington of BiggerPockets explores the opportunities in fix-and-flips in 2023.Listen in for insight on the risks and challenges associated with each kind of real estate investing and learn which strategy is the quickest path to financial freedom!For full episode show notes visit: https://themichaelblank.com/podcasts/session373/