What You Need To Know About Multifamily Investments

On this week’s episode of The Art of Passive Income, Mark and Scott welcome real estate investor and multifamily operator, Ellie Perlman to the show.

Ellie Perlman is the founder and CEO of Blue Lake Capital, a real estate investment firm that specializes in multifamily investments. She started her career as a commercial real estate lawyer but later transitioned to a property manager, overseeing properties worth over one hundred million dollars.

Ellie holds a Masters in Law and an MBA from MIT Sloan School of Management. She is a Forbes author and a real estate investing podcast host.

Listen in as they discuss:

• Ellie’s multifamily model
• Challenges she faced with deals in multifamily investment
• Her thinking and evaluation process with her multifamily business

Also, Ellie shares her story of her transition from a real estate lawyer to a real estate investor and talks about her reasons for choosing multifamily of all the real estate niches. Tune in to hear more!

TIP OF THE WEEK:

Mark: My tip of the week is learn more about Multifamily, and look at bluelake-capital.com

Scott: Got a good book called How to be a Great Sales Person by Monday Morning. If you want to increase your sales read that book by David Cooke.

Ellie: One of the books I’ve read was called Influence by, it’s a great book and it talks about how you can influence people, it’s how to connect with people, how to succeed in life and business. You can use that information in your personal life. Another book is called The One Thing by Gary Keller from Keller Williams. Also, if you go to my website you can download a free guide that will basically lead you to the 5 Most Crucial Components that you need to look at when you’re investing passively in a deal. Check it out!

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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In this week’s round table discussion— the Land Geeks discuss if it is acceptable to take a credit card payment for a cash transaction.

Joining Mark this week are:

• Erik Peterson
• Scott Bossman
• Mimi Schmidt
• Scott Todd

Listen in as they go around the table and share their experiences accepting credit card payments for a cash sale and the outcome. They also share whether or not someone has done a chargeback on a down payment or cash payment in their business.

TIP OF THE WEEK

Erik: My tip is a website (Web App), it’s geckoboard.com. Basically, it’s a dashboard, a visualization type tool where you can connect say to a google spreadsheet with data in it and create visualization around that. Tracking your students a lot to know their metrics and numbers, this is a good resource, it’s free.  There are paid versions, but it’s free to start, and you can create nice visualizations with your data and it can help you interpret it a little bit more quickly.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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On this week’s episode of The Art of Passive Income, Mark and Scott welcomes author and real estate investor Rod Khleif to the show.

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author and community philanthropist.  He is the host of the top ranked iTunes real estate podcast “The Lifetime Cash Flow Through Real Estate Investing Podcast” and is recognized as one of the country’s top real estate trainers who has personally owned and managed over 2000 properties.

Rod was inspired to get into real estate at the age of eighteen after seeing his mother make a twenty thousand dollars profit on a home she bought in three years.  Twenty years later, he accumulated a fifty million dollar real estate fortune, eight hundred homes, multiple apartment complexes, and his beachfront mansion.

Listen in as they discuss:

• Setting goals
• The mindset
• Owning your power
• Multifamily investment
• The art of visualization

Educate yourself and build your competence which will equate to your confidence and then your ability to influence people.

Rod Khleif

TIP OF THE WEEK:

Mark: My tip of the week is check out rodkhleif.com and learn more about Rod Khleif.

Scott: Check out mailtag.io, basically, what it does is you can set up a follow up sequence with an email you send on gmail. If the person doesn’t open the email, do this or if they did open it but did not respond, do that. It’s like an IFTTT for emails.

Rod: Text the word PARTNER to 41411, we would love to talk to you about the deals we’ve got under contract in three states.  Also, if you’re interested in Multifamily I’m giving a free toolbook, it’s 70 pages like a due diligence checklist on steroids just text ROD to 41411. Check out my website rodkhleif.com. And if you have an interest with Multifamily, go to multifamilycommunity.com and join that group. Lastly, is rodbootcamp.com.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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In this week’s round table discussion— the Land Geeks discuss how their business is doing during the pandemic and how it has performed during their time away on vacation.

Joining Mark this week are:

• Erik Peterson
• Scott Bossman
• Tate Litchfield
• Scott Todd

Listen in as they discuss how their business is doing with land sales and how well their coaching students are performing in the land business. They also share some of their eventful experiences while on vacation and upon returning home.

TIP OF THE WEEK

Scott T: I’ve got two tips of the week. First, do yourself a favor, do something different. Arrange all your friends and family and get them all together on Zoom. Go to this website goparagon.co, and hire some comedians or entertainers to join your Zoom Call. You can hire a comedian for an hour for $150. They have Chefs, DJs, you can do many different things. Second, if you’re in this business you’re going to run into accounting issues, do yourself a favor and get set up correctly, go to Investor Ninjas and get pre-recorded Accounting for Land Investors Class at a minimum. Also, we have a new live class for Accounting for Land Investors starting on August 20th. If you want to learn more of that go to ScottTodd.net/Accounting.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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On this week’s episode of The Art of Passive Income, Mark and Scott welcome Brian Bradley from Bradley Legal Corporation to the show.

Brian Bradley is one of the top lawyers in the country. He was selected to the Lawyers of Distinction List three years in a row, Super Lawyers Rising Star List in 2015 and has been nominated to America’s Top 100 High Stakes Litigators List and to the 2017 Law Firm 500 Award. 

Brian represents self-made entrepreneurs, professional athletes, business owners, medical doctors, real estate investors and those investing in cash flowing properties. He has been featured by many of the top financial experts, medical professionals and mastermind investment groups.

Listen in as they discuss:

• How to protect your investments
• What is an asset protection
• Bridge trust
• Asset management limited partnership
• Domestic offshore asset protection trust versus offshore asset protection trust

Where you start in life is not always where you’re going to be and if you are just starting out get the assets out of your personal name.

Brian Bradley

TIP OF THE WEEK

Mark: My tip of the week is learn more protecting your assets, preserving your wealth at btblegal.com

Scott: There’s this new tool to keep organized, it’s called Freedcamp (freedcamp.com) similar to Basecamp. It’s free, has unlimited project/task storage. It has features of trello, zapier integration. Check it out.

Brian: I just want to say that use your teams; don’t use DIYs all by yourself, don’t do that for your protection systems. Be proactive, plan the budget for now. Don’t do it yourself. You’re going to save time and money doing it right the first time.

“Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?”

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An unfortunate experience can result in greatness and this week’s episode of The Art of Passive Income is an excellent way of showing that. Tune in as Mark and Scott welcome Anton Ivanov from DealCheck.io to the show.

Anton Ivanov is a US Navy veteran, a real estate investor, and an entrepreneur with a portfolio of 40 rental units spread out across four states. He is the founder of DealCheck.io,  a leading real estate analysis platform for quickly analyzing and comparing rental properties, flips and commercial buildings. 

Anton’s journey to greatness in real estate started after he inherited a condo from his late parents.  Through mentorship he was advised to rent out the property, which created a small sum of passive cash flow monthly. This additional source of income served as an eye opener to how great real estate can be a source for passive income for Anton, especially since he wanted an early retirement. 

Once he completed his service in the Navy, he started building a real estate portfolio with his wife, investing in rental properties and later developed a platform used by over a 100,000 real estate investors, agents and professionals worldwide.

Listen in as they discuss:

• Calculating your cash flow or profit from a flip or land sale
• The creation of the DealCheck software
• DealCheck’s software usages and functions
• How to use the DealCheck software to get an accurate output and projections

TIP OF THE WEEK:

Mark: My tip of the week is dealcheck.io,  when you sign up just use the promo code Land Geek and get 25% off subscription forever.

Scott: Check out Harmonizely it is for your scheduling and it’ll give you a dedicating web page. What’s cool about it is it’s free and it integrates to my Zoom and if anyone wants to book an appointment, it creates a Zoom meeting link. Everybody gets their dedicated zoom link. It’s all automated.

Anton: My tip is two parts, the first thing I always want to say to my investors is “Don’t be afraid to start small”, there’s nothing wrong looking for smaller deals just to get your feet wet, to get that knowledge and experience. It’s easy to get blind-sided, to make mistakes on your first deals and by starting small you’re less likely to do that or make mistakes, and it’s not going to be costly. Second part of my tip is Networking and learning from other investors. Also, if any of you are interested in the software called Deal Check we have a better deal, a promo code. If you type in Land Geek, we’ll give you 25% off for your subscription forever. You’ll get that full discount as long as you’re subscribed. But start with the free trial, check out dealcheck.io.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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On this week’s Best of Round Table episode, the Land Geeks revisit one of the best Round Table discussions where answers were given to the question that is frequently asked by many who wants to get started in the land business.

Joining us this week are: 

• Scott Todd
• Scott Bossman 
• Erik Peterson 
• Mimi Schmidt
• Tate Litchfield
• Mike Zaino

Listen in as the Land Geeks go around the table and share how much money they started with when they began their land investing journey and at what point did they decide it was time to raise more money. They also discuss how too much capital can hurt you in the long run, different options for buying land at little to no cost, and more! 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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In today’s episode of The Art of Passive Income, Mark and Scott welcome special guest Stan Haithcock from StanTheAnnuityMan.com to the show.

Stan Haithcock also known as “Stan The Annuity Man’ is a nationally recognized expert who is known for his transparency, honesty and endless research. He has spoken in every major financial trade show in the United States and is a featured annuity expert on national TV and radio.   

Having worked for some of the largest firms in the United States, such as Morgan Stanley and Dean Witter just to name a few, Stan took some time away and during that time he discovered his love for annuity.  He represents all major carriers licensed in all 50 states and is considered the top annuity agent in the country.

Listen in as they discuss:

• The history of annuity
• Types of annuities
• How annuity differs from stocks and bonds
• The pros and cons of annuities
• Who needs annuity
• Where annuity fits in someone’s portfolio 

The benefit proposition that sets annuities apart from all other financial products is that annuities are the only product type that provides a lifetime income stream regardless of how long you live.

Stan Haithcock

TIP OF THE WEEK:

Mark: My tip of the week is do a deep dive into the world of annuities, and start looking at solutions for long term pension, protecting your family and children, just go to stantheannuityman.com.

Scott: Check out gf.dev/wordpress-security-scanner; it will scan your website and it will tell you what all the vulnerabilities are. It’s like an eye out for you.

Stan: I’m going to send all of your listeners my seven published books for free if they’re going to go to Stan the Annuity Man on YouTube.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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On this week’s Best of Round Table episode, the Land Geeks revisit a great topic for those in the land business who are seeking to outsource successful virtual assistants for their business.

Joining us this week are: 

• Scott Todd
• Scott Bossman 
• Erik Peterson 
• Mimi Schmidt
• Tate Litchfield

Listen in as the Land Geeks go around the table and discuss the approach they use to train virtual assistants to be successful in their business. They also give an update on how their businesses are performing in the middle of a pandemic and how they deal with buyers who are late with their payments.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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