Stay Ready Real Estate Podcast

Stay Ready Real Estate Podcast

by Emeka Ogbonna
InvestingHow To
Season 1

Investing in 500 units in the states while living in Portugal - Corri Golden

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
S1 · E22
May 8, 2024
26:11

Doing the right thing with 130 Section 8 Units - Andy Cairns

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
S1 · E21
May 1, 2024
20:28

From Day trading to using Real Estate to pursue Golf Course Investments - Ryan Potuck

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
S1 · E20
Apr 24, 2024
23:51

The right way to scale and give back while investing over 1,150 units - Tony Castronovo

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
S1 · E19
Apr 17, 2024
37:15

From Private Equity to Real Estate Investing - Donald Lindsay

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
S1 · E18
Apr 10, 2024
41:50

23 Year Old College Drop Out Making $7,000 cash flow a month - Bailey Kramer

Bailey Kramer, a real estate investor and entrepreneur, shares his journey in real estate and his focus on mid-term rentals. He started learning about real estate in college and bought his first property at a young age. Bailey emphasizes the importance of networking and building relationships in the industry. He discusses the differences between long-term, short-term, and mid-term rentals and the pros and cons of each. Bailey's goal is to continue growing his portfolio and increasing his cash flow. He encourages new investors to have a long-term mindset and not to be deterred by short-term uncertainties. Takeaways Networking and building relationships are crucial in the real estate industry. There are different types of rentals, including long-term, short-term, and mid-term, each with its own pros and cons. Having a long-term mindset is important in real estate investing. Cash flow is a key metric to focus on in real estate. Don't let short-term uncertainties deter you from investing in real estate. 00:00Introduction and Background 06:49Different Types of Rentals 15:30Setting Goals and Cash Flow 22:14Having a Long-Term Mindset 26:26The Power of Real Estate and Multiple Paths to Success 29:21Mindset Shifts and Lessons Learned 31:13Dream Dinner Guests 33:10Actionable Steps and Conclusion Connect with Bailey Kramer: Website: https://www.baileykramer.com/ LinkedIn: https://www.linkedin.com/in/bailey--kramer Facebook: https://www.facebook.com/bailey.kramer.986 Instagram: https://www.instagram.com/the_bailey_kramer/ 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 Music: Tyas Martin
S1 · E17
Apr 3, 2024
34:08

Achieving Financial Freedom with Real Estate to Pursue True Passions - Dr. Alex Tam

Dr. Alex Tam, a chiropractor specialist and real estate investor, shares his journey into real estate investing and the importance of building a strong team. He discusses the tax benefits of real estate and the role of a real estate CPA. Dr. Tam also provides advice for aspiring investors and emphasizes the need to partner with others who have more capital or time. He explains how to find the right property and shares his portfolio and future goals. The conversation concludes with Dr. Tam highlighting the reasons to get into real estate and recommending two books for aspiring investors. 00:00Introduction 01:18Background and Entry into Real Estate 04:04Tax Benefits of Real Estate 07:00Getting Into the First Deal 09:22Importance of a Real Estate Team 10:50Tax Information and Real Estate CPA 12:18Advice for Aspiring Investors 13:14Finding the Right Property 19:24Reasons to Get Into Real Estate 20:53Book Recommendations 21:34Most Impactful Speech or Lesson 22:11Dinner with Anyone 22:38Contact Information 23:33Closing Remarks Connect with Dr. Alex Tam: Facebook: https://www.facebook.com/alex.tam.7583 Instagram: https://www.instagram.com/alex_tam_official Website: https://www.absoluteintegrativehealth.com/ Website: https://thestreamlineteam.com/ Website: https://zephyrequitygroup.com/ 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
S1 · E16
Mar 27, 2024
24:43

SFH with no cash flow to 27 units in New Zealand - Ryan Spearman

Ryan Spearman shares his journey from the film industry to real estate investing. He discusses his early experiences with rental properties and the motivation to transition from his film career. Ryan explains his strategy of investing in smaller towns and gradually moving into larger multifamily properties. He also discusses his interest in exploring the American market and the benefits of investing in real estate. Ryan emphasizes the importance of education and networking in the industry. He shares his daily routine and offers advice for aspiring investors. Finally, Ryan reveals his dream dinner guest and how to connect with him. 00:00Introduction and Background 01:23Transition from Film to Real Estate 04:09Growing the Portfolio 06:36Challenges of Balancing Work and Real Estate 08:04Expanding into Smaller Towns 09:04Transitioning to Multifamily Properties 10:32Exploring the American Market 11:54Motivation to Continue Investing in Real Estate 14:16Importance of Education in Real Estate 15:43Benefits of Investing in Real Estate 19:24Approach to Investing in America 21:49Comparison of Investment Classes 22:45Advice for Aspiring Investors 25:38Daily Routine and Focus 29:06Impactful Lessons from BiggerPockets Podcast 35:10Dream Dinner Guest 36:04How to Connect with Ryan Connect With Ryan Spearman: Facebook: https://www.facebook.com/profile.php?id=100009700475556 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
S1 · E15
Mar 20, 2024
38:27

Ditching the 401k for 300+ Units - Shawn DiMartile

Shawn DiMartile shares his journey from air traffic control to real estate investing, specifically focusing on infill and ground up development in Southern California. He discusses the challenges of value-add multifamily in the region and explains why he believes ground up development is the new California gold rush. Shawn emphasizes the importance of investing in your local market and building relationships with brokers and other industry professionals. He also debunks myths about investing in expensive markets and highlights the need for hard work and dedication in real estate. Shawn predicts that the real estate market will continue to appreciate and advises aspiring investors to focus on building wealth through assets. 00:00Introduction and Background 01:17Transition to Real Estate Investing 04:58Challenges of Value-Add Multifamily in Southern California 06:51The California Gold Rush: Infill and Ground Up Development 08:18Getting Started in Ground Up Construction 09:30Investing in Your Local Market 13:18Advantages of Investing in Your Local Market 15:01Building Relationships in Your Local Market 19:00Lessons Learned and Debunking Myths 23:12The Future of the Real Estate Market 28:30Advice for Aspiring Investors 34:36Recommended Books and Lessons Learned 36:19Closing Remarks and Actionable Steps Connect with Shawn DiMartile: Instagram: https://www.instagram.com/shawn_dimartile/ Website: https://investorshawn.com/ Podcast: https://podcasts.apple.com/us/podcast/the-real-estate-takeoff/id1490657109 Ebook: https://takeoffcapital.activehosted.com/f/19 Connect With Emeka Ogbonna: https://rss.com/podcasts/stayreadyrealestate/ https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=esi-PNx9ciMlkyDE https://podcasts.apple.com/us/podcast/stay-ready-real-estate-podcast/id1721071060 Music: Tyas Martin Instagram: https://www.instagram.com/_bytyas/
S1 · E14
Mar 13, 2024
38:07

ER Doctor managing medicine and more with a 300+ Unit Portfolio- Dr. Nkem Ezeamama

Dr. Nkem Ezeamama, an emergency medicine physician and real estate investor, shares her journey and insights into real estate investing. She started as a passive investor and quickly became an active investor, founding Phoenix Capital Investments. Dr. Ezeamama emphasizes the importance of financial literacy and diversifying investments to secure wealth. She debunks misconceptions about real estate investing, such as it being only for the wealthy. Dr. Ezeamama encourages busy professionals to prioritize their financial future and take calculated risks. She also discusses the role of a general partner in real estate deals and the importance of building trust with operators. Dr. Ezeamama shares her recommended books and the impactful lessons she learned along her journey. Her dream dinner guest would be Jamie Kern Lima, the founder of IT Cosmetics, for her inspiring story of perseverance and success. Chapters 00:00Introduction and Background 02:18Motivation to Start Investing in Real Estate 06:04Transition from Passive to Active Investing 08:55Debunking Misconceptions about Real Estate Investing 09:23Overcoming Time Constraints as a Busy Professional 12:17Role as a General Partner (GP) in Real Estate Deals 16:17Vetting Operators and Building Trust 26:25Building Credibility and Overcoming Doubt 29:25Recommended Books and Impactful Lessons 31:48Dream Dinner Guest 34:38Contact Information 35:28Closing Remarks Connect With Nkem Ezeamama: Website: https://phcinvest.com/ LinkedIn: https://www.linkedin.com/in/nkemezeamamamd Facebook: https://www.facebook.com/profile.php?id=100088959694539 Instagram: https://www.instagram.com/drnkem.and/ Just google her, she has an amazingly unique name! 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
S1 · E13
Mar 6, 2024
36:00
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