Welcome to the Stay Ready Real Estate Podcast where we stay ready so you don't have to get ready! My name is Emeka and i'll be talking to a variety amount of professionals in the real estate industry to help you buy your first real estate investment.
I will provide 3 actionable items you can do today to help you get 1% closer to acquiring your first property. My goal with this podcast is to show you that regular people ...
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Summary In this episode of the Stay Ready Real Estate Podcast, Emeka interviews Corri Golden, a full-time real estate investor. Corri shares his experience in the real estate industry and discusses his transition from single-family and small multifamily properties to larger multifamily assets. He emphasizes the importance of mindset and continuous learning in real estate investing. Corri also talks about his portfolio, underwriting deals, and building relationships with brokers. He provides actionable steps for aspiring investors, including reaching out to brokers, contacting property owners directly, and networking. Takeaways -Mindset is crucial in real estate investing, and it's important to work on money habits and overcome psychological barriers. -Building relationships with brokers is essential in the multifamily space, and being honest and sincere can help gain their trust. -Underwriting deals involves looking for a minimum internal rate of return (IRR), cash-on-cash return, and a multiplier. -Taking action steps such as reaching out to brokers, contacting property owners directly, and networking can help investors get closer to their real estate goals. -Continuous learning and staying open to opportunities are key to success in real estate investing. Chapters 00:00 Introduction and Background of Corri Golden 03:20 Transitioning from Single-Family to Multifamily Properties 08:08 Lessons Learned from Single-Family and Multifamily Investing 12:50 Successful Deal and Relationship Building with Brokers 16:18 Underwriting Deals and Market Outlook 22:14 Impactful Lessons and Dinner with Kobe Bryant 23:41 How the Audience Can Help and Contacting Corri Golden 24:18 Actionable Steps for Aspiring Real Estate Investors Connect with Corri Golden : Website: investwithgolden.com Facebook: https://www.facebook.com/corri.golden Instagram: https://www.instagram.com/corrigolden/ LinkedIn: https://www.linkedin.com/in/corri-golden-b96313272/ X: https://twitter.com/sonofagolden Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm X: https://twitter.com/EmekarOgbonna
Andy Cairns, a real estate investor, shares his journey and insights in the industry. Starting in 2020, he acquired around 30 single-family homes, driven by the need to secure his retirement. With a portfolio of approximately 130 single-family properties, Andy discusses the challenges and benefits of managing single-family homes versus multifamily units. He highlights his work with women and children in facilities and his commitment to helping as many people as possible. Andy also shares experiences of managing multifamily units during the COVID-19 pandemic and the importance of finding the right Section 8 tenant. His strategy involves buying, fixing up, renting out, and refinancing properties, using the BRRR method. Challenges in finding good deals and the decision to self-manage properties are explored. Andy discusses developing an app to analyze deals but expresses concerns about liability. The conversation delves into real estate goals, integrity, and partnerships, emphasizing asset accumulation and learning from past mistakes. Chapters 00:00 Introduction to the Stay Ready Real Estate Podcast 02:06 Andy Kearns' Current Portfolio 04:16 Finding the Right Section 8 Tenant 06:28 Developing an App for Underwriting and Analyzing Deals 08:52 Goals and End Game 10:52 The Challenges of Working in Real Estate 13:06 Wholesaling Distressed Properties 14:52 The Importance of Cash Flow and Equity 14:59 Crazy Experiences in the Real Estate World 15:01 Planning for Retirement with Passive Income 16:09 Recommended Books for Aspiring Investors 17:12 Using Assets to Pay for Liabilities 17:53 How to Reach Emeka 18:11 Raising Money for the Business 18:36 Introduction 18:39 Step 1: Visit the Local Housing Authority 19:22 Step 2: Networking at Real Estate Meetups 19:56 Step 3: Understanding the Local Market 20:26 Conclusion Connect with Andy Cairns : Website: https://www.skyefive.com/our-company/ Facebook: https://www.facebook.com/TheAndrewCairns Instagram: https://www.instagram.com/theandrewcairns/ TikTok: https://www.tiktok.com/@theandrewcairns Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
Ryan Potuck, also known as the Tee Time Investor, shares his journey as a multifamily real estate investor and his passion for golf. He discusses how he transitioned from day trading stocks to real estate investing after reading Rich Dad Poor Dad. Ryan emphasizes the importance of networking and finding the right mentors to overcome limiting beliefs and access capital. He shares his goal of using real estate to fund his golfing adventures and inspire others to achieve financial freedom. Ryan also recommends the books 'Who Not How' by Dan Sullivan and 'Tax-Free Wealth' by Tom Wheelwright. -Real estate investing is a proven asset class that can provide cash flow and long-term wealth. -Networking and finding the right mentors are crucial for accessing capital and overcoming limiting beliefs. -Investing in assets like real estate can fund your passions and provide financial freedom. -Books like 'Who Not How' and 'Tax-Free Wealth' offer valuable insights for aspiring investors. -Setting goals and breaking them down into actionable steps is key to achieving success in real estate investing. Chapters 00:00 Introduction and Background 08:31 Using Real Estate to Fund Passions 15:03 Networking and Mentors in Real Estate Connect with Ryan Potuck : Website: https://theteetimeinvestor.com/ Youtube: https://www.youtube.com/@TheTeeTimeInvestor/featured Facebook: https://www.facebook.com/profile.php?id=100093080192970 Instagram: https://www.instagram.com/theteetimeinvestor/ Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
Tony Castronovo, managing partner of Novo Multifamily Group, shares his journey in real estate investing and the importance of scaling and leveraging other people. He emphasizes the need for cash flow and appreciation in real estate investments and discusses the current market conditions. Tony also talks about the books that have influenced him and the impact of having a mentor. Stay Ready listeners/viewers get a $197 trial for 30-days access to Multifamily Academy by Multifamily Maestros. The trial includes access to our first 3 training modules, along with weekly group mentoring calls, and access to our community & related resources. Find a mentor and network to have someone to rely on for guidance and advice. Determine how to scale your real estate business early on and delegate tasks to others. Focus on both cash flow and appreciation in your real estate investments. Stay informed about market conditions and leverage opportunities. Read 'Who Not How' by Dan Sullivan and 'Atomic Habits' by James Clear for valuable insights and practical knowledge. Value the impact of having a mentor and the importance of personal growth and development. Contact Tony: Email (real estate): tony@novomultifamilygroup.com Web (real estate): https://novomultifamilygroup.com/ Email (one-on-one coaching): tony@grit-to-growth.com Web (one-on-one coaching): https://grit-to-growth.com/ Email (group mentoring & training): tony@multifamilymaestros.com Web (group mentoring & training): : https:// multifamilymaestros.com/ Linked-In: https://www.linkedin.com/in/tonycastronovo/ Facebook: https://www.facebook.com/profile.php?id=100088878832810 Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
Donald Lindsay, founder of Lindsay Capital Partners, shares his journey in real estate investing and provides insights into the multifamily market. He emphasizes the importance of building an investor base and having a strong team to succeed in real estate. Donald discusses the benefits of real estate, such as leverage and tax advantages, compared to other investment options. He also shares his strategies for finding value-add properties and navigating the market cycle. Donald's key takeaways include never giving up and continuously seeking opportunities. 00:00Introduction and Background of Donald Lindsay 01:24Investment Criteria and Understanding IRR and Cash-on-Cash Returns 04:46Choosing Real Estate and Seeking a Mentor 06:38The Importance of Building a Team and Adding Value 10:29Donald's Portfolio and Favorite Deal 14:23Acquiring Properties and Building Relationships with Brokers 16:18Debunking Myths and Focusing on Skill Sets 21:31Lessons Learned and Advice for Aspiring Investors 23:58Investment Strategy and Identifying Value-Add Properties 26:00The Importance of Never Giving Up 29:49Long-Term Goals and Market Predictions 35:35Recommended Books and Lessons from Warren Buffett 38:03The Impact of Motivational Lessons and Dinner with Warren Buffett Connect with Donald Lindsay: Website: https://lindsaycapitalpartners.com/ Facebook: https://www.facebook.com/donald.lindsay.98 Instagram: https://www.instagram.com/donaldlindsays/ LinkedIn: https://www.linkedin.com/in/donald-lindsay-32076135/ Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm