PODCAST

Multifamily Missteps Hosted by Jerome Myers

Jerome Myers - The Preeminent Authority on Dream Realization

Are you tired of the "happily ever after" style multifamily podcasts where everything goes to plan? If you are like us, you know that you learn more from mistakes and missteps than when the plan goes smooth. Join your host Jerome Myers, as he digs into the missteps of active apartment operators. In these 30 minute or less episodes, follow along as we find and analyze the blunders in one of the four areas of a multifamily project life cycle: Finding, Funding, Fixing or Flipping the project. We conclude each episode with how the issue was corrected, as well as the other valuable lessons learned.
Wheel Chair Bound Resident on the Second Floor - Amy Sylvis
As simple as it seems, being honest is truly key in establishing credibility and promoting healthy relationships in all aspects. Yet this idea is still overlooked with the fear of discomfort. Amy Sylvis tells us her real estate journey from taking a decade to finally break into the industry, facing devastating missteps, and suddenly having to deal with a wheelchair bound resident. This talk resonates with the concept of showing up with integrity despite the circumstances.[00:01 - 03:46] Opening Segment Amy Sylvis’s story - a decade to breaking into the industryThe truth behind real estate industry - things don’t always go as planned[03:47 - 07:59] Establishing Credibility Despite SetbackPros and cons of investing in scatter sitesThe virtue of honesty towards the seller and the brokerThe impact of switching horses too late in the race[08:00 - 19:09] The Core of Relationships: Values and HonestyEstablishing and maintaining rapport despite barriersAcknowledging discomfort in forwarding honestyNot all landlords display moral and ethical outlook[19:10 - 20:38] Closing SegmentWe can only play the cards we are dealt withFinal wordsTweetable Quotes:“It [real estate] is a hairy industry. There are definitely missteps. There are definitely things that don't go as planned.” - Amy Sylvis“It's too exhausting to be anything other than honest, it takes too much time.” - Amy SylvisLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
6d ago
20 mins
Something Is Making Noise In the Ceiling - Sam Stidwell
I had the pleasure of speaking with a research architect at the US Army Corps of Engineers, Samuel Stidwell IV.Let’s jump into Sam’s story that failures are part of the process, and it’s a stepping stone for you to learn and be better than you from yesterday.Things you will learn in this episode:[00:01 – 04:37] Opening SegmentSam talks about his background and how his journey beganHis father was in the real estate industryMajored in Architectural EngineeringJust started in real estate recently[04:38 - 14:09] Sam’s MisstepsSam shares his missteps in the real estate businessSam talked about wanting to learn the process by doing it himself Sam shares some tips he learned from his missteps[14:10 – 19:39] Your Knowledge is Your LeverageSam talks about not having a formal education in real estateThe importance of getting formal education to prepare you into getting in real estateSam gives powerful words of wisdom that you don’t want to miss! Tweetable Quotes:“Don’t be too overconfident” – Sam Stidwell“Everybody makes mistakes, but that doesn’t mean that that’s the end of the road” – Jerome MyersYou can connect with Sam on Instagram, Linkedin, and Facebook.LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Support the show by following our Facebook Page (https://facebook.com/groups/157335752156211)Support the show (https://www.facebook.com/groups/157335752156211/)
6d ago
19 mins
Six Figures is Missing from the Bank Account - Dr. Erin Hudson
Closing deals and finally starting your multifamily journey are milestones worthy of celebration especially when at the initial stages, but that does not mean that everyone in your side is practicing due diligence and just consideration with their roles and limitations. Dr. Erin Hudson reveals her story and reminds us of the dangers of entitlement confusion and not recognizing the red flags early on. Despite these, also witness how she moved forward from this expensive and crippling mistake that helped catapult her to success in the industry.[00:01 - 03:40] Opening Segment Get to know today’s bubbly guest, Dr. Erin HudsonHow she started out in private practice and going into real estate monopoly[03:41 - 06:48] Getting to the Finish Line for a Confidence BoostIt’s not about the deal count or the number of unitsStarting small is strategic and it may work for youBringing in partnership and capital as results show[06:49 - 22:21] Salt on the Wound Multifamily MishapConfusion on entitlement of the investors on commissionsAcquisition fee as the saving grace and the start of fearMultifamily investment is not a poor man’s gameRecognizing the red flags looking back[22:22 - 25:12] Closing SegmentBe consistent with your morning routineFinal wordsTweetable Quotes:“Just like the multifamily space, it's really about doing right for people and not being manipulative, and truly helping them as if they were your brother or sister.” - Dr. Erin Hudson“So people laugh like, oh my gosh, why did you start so small? No, it was a matter of getting strategic and it worked for us.” - Dr. Erin Hudson“If you always have your eye on the prize, which is to take care of your people and water that relationship and do good by people and do right kind of business, you will have a trough of investors and you will forever have a successful business because people will know exactly who you are and what you stand for.” - Dr. Erin HudsonLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Nov 16 2021
25 mins
Scaling Out of the Bedroom - Ivan Barratt
Today I had the pleasure of speaking with the Founder and CEO of Barratt Asset Management, Ivan Barratt.Let’s dive into Ivan’s story of how to scale your business to get the highest Return Of Investment Things you will learn in this episode:[00:01 - 05:36] Opening SegmentIvan talks about the protests happening in the mids of COVID-19racismConnect with Ivan +317.762.2625 or see below for the links [05:37 - 14:02] Evaluate First Your Potential Partners Ivan talks about his background and his real estate journey Ivan mentions Ken McElroy who says real estate is not location, location, location. It's, it's location, financing, and partners. Ivan shares the importance of evaluating individuals and potential partnerships in order to prevent the awful mistakes he had made beforePersonality test[14:03 - 26:48]  Scaling Out Of the BedroomIvan reveals how to construct the foundation of a strong organization really good trusted attorney hired an admin or assistant much faster Ivan shares his 4 coaches in his life that you wish to listen to! Ivan shares an interesting story about the significance of having a coach in your lifeCoach is worth every penny. It’s a huge return of investmentIvan  gives powerful words of wisdom to someone like you who wants to scale a businessWhat do I have to do today, that will move the chains on where I'm trying to be TomorrowRead five to eight business books over the course of the yearTweetable Quotes: “Don't let that fear or those things slow you down” -Ivan Barratt“You gotta delegate so that you can elevate” -Ivan Barratt Resources Mentioned: ivanbarratteducation.com  (Blog)barrattassetmanagement.com  (Company Website)ivanbarratt.com  (Personal Website)You can connect with Ivan on Facebook LinkedIn, Twitter, Instagram LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Support the show by following our Facebook Page (https://facebook.com/groups/157335752156211)Support the show (https://www.facebook.com/groups/157335752156211/)
Nov 12 2021
26 mins
500 K Short and 30 Days to Close - A Donahue Baker
The best solution is creatively finding alternative solutions work best for solving the problem. A Donahue Baker gives tips on finding funding as a real estate developer and developing new ways of closing the deal. He talks about leveraging his network, finding alternative means for funding, and understanding business credit. A Donahue Baker is a CPA by trade but is currently a Real Estate Developer. Join A Donahue Baker as he delves into his missteps as a real estate developer, and creatively coming up with 500K to close a deal.KEYPOINTSFinding alternative means for funding Deal sourcing3 Tiers of Section 8Understanding business creditSEGMENT TIMESTAMPS- 05:00 – Misstep 1: Not having the funding. Finding alternative meanings of funding. - 13:15 – Forming strategies for success. Building and leveraging network. - 17:00 – Leveraging business credit. Get it under contract.- 23:00 – How to build business credit. Entities (LLC, S-Corp, etc.)- 26:00 – Words of wisdom."When you find a deal, even when you don’t have the money, the first thing you do is get it under contract." – A Donahue BakerRELEVANT LINKSA Donahue Baker- Website: https://adonahuebaker.com/- Instagram: https://www.instagram.com/adonahuebak...- Facebook: https://www.facebook.com/adonahuebake...- Twitter: https://twitter.com/adonahuebaker?lan...- YouTube: https://www.youtube.com/channel/UChzl... RECOMMENDED READS- Generational Wealth That’s The Key – A Donahue BakerSupport the show (https://www.facebook.com/groups/157335752156211/)
Nov 9 2021
28 mins
Surprise You Owe 25k in Taxes - Damion Lupo
Many people think that the safest and the best way to keep their money is using conventional financial instruments everyone is familiar with, however, in today’s episode, Damion Lupo argues otherwise. Just because it looks safe and convenient does not mean it’s suitable or beneficial for you. In fact, maybe Wall Street is already preparing your rabbit hole of overwhelming tax. Keep your ears open and watch out for the call to action you might implement in handling your money more wisely.[00:01 - 04:30] Opening Segment I welcome today’s guest, Damion LupoHis story on financial mishaps and starting over[04:31 - 11:37] The Caveat to Better-Known Financial InstrumentsRefrain from the bondage of money and being enslaved by ignoranceWhy 401k is great for victimsComparing real estate investing, eQRP, 401(k), and IRA[11:38 - 20:43] Overcoming the Primal Fear to ShiftWhy it’s difficult to start the shiftUtilizing the right tools for better benefitDiscovering ins and outs of well-known investments[20:44 - 23:40] Closing SegmentIgnorance has detrimental consequencesFinal wordsTweetable Quotes:“It's one of three times that I've lost all my money...every one of those was about ego and ignorance. You combine the two of those things, and it's really dangerous, especially when you start making money.” - Damion Lupo “I think today, money is modern day slavery. I think people are trapped in the cage, and they don't know what to do about it.” - Damion Lupo “There's momentum, what we've always done is what we tend to continue doing because it's easier than when you start shifting. And there's a lot of energy, and there's the unknown.” - Damion Lupo Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Nov 2 2021
23 mins
Jacked Up - Kenny WolfeLosing Thousands in Due Diligence - Mauricio Roque
Facing unsuccessful deals and going through lots of issues dealing with losses along the way inexorably brings doubts not only to yourself, but also to the partners. In reality, these scenarios are part of the cycle of a business and it is just the matter of how you position yourself despite these challenges. In today’s episode, Mauricio Roque reveals his stories of missteps especially in his first deals with both controllable and uncontrollable factors, how he managed to pivot and rise through it all, the legalities and the implications of practicing due diligence, and the tactical steps to take you might consider for your next RPA.[00:01 - 04:05] Opening Segment I welcome today’s guest, Mauricio RoqueFrom selling residential real estate then to owning massive multifamily properties[04:06 - 13:03] The Caveat to Letting Fear Take OverMauricio shares his first unsuccessful multifamily dealThe disadvantage of letting fear run the courseRepercussions in changing your mind during negotiationRecognizing unreliability of brokers[13:04 - 19:56] The Recipe for Success in Real Estate PartnershipsThe fear of losing partners and potential investorsDisplaying openness in communicationNot giving up despite of tough challengesPracticing due diligence and tweaking the RPA[19:57 - 21:10] Closing SegmentPersist and get to the finish lineFinal wordsTweetable Quotes:“When I started looking at multifamily, all I heard was these perfect stories. And when I started doing all the work myself, then I started hitting walls.” - Mauricio Roque“You see all these people closing deals and I'm not closing anything. But what happened was people actually started approaching a little more and they appreciated the fact that I was putting their interest… and that they saw or they felt that I was taking care of their hard earned money. I think they appreciated it and they stuck with me.” - Mauricio RoqueLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Oct 26 2021
21 mins
Don't Come In on the Tail End of a Raise - Vinki Loomba
Attracting partners willing to invest in deals with you is always an issue in the real estate industry. There are so many different tactics being forwarded and various principles to apply. In today’s episode, Vinki Loomba reveals how exactly she does this by showing her authentic self. From this approach, she shares the strategy of positioning yourself in a place of fulfillment, offering opportunities instead of going after a chase, and the rationale behind coming in on the beginning of a raise.[00:01 - 04:43] Opening Segment I welcome today’s guest, Vinki LoombaHow she shifted from IT, retail sales, to real estate[04:44 - 10:00] Living Your Purpose through Real EstateFilling the heart’s void and finding purposeGoing from merger and acquisitions to multifamilyVinki talks about the gaps we should avoid[10:01 - 17:18] Create Your Own Path and Live Your Own LifeWhy coming in on the beginning of a raise is much beneficialEstablish yourself in a place of fulfillment rather than chaseDon’t live the life of somebody else[17:19 - 19:40] Closing SegmentBe your authentic self. Don’t try to be someone else.Final wordsTweetable Quotes:“Nothing is perfect in this world. But again, it's up to you what you make out of the situation, because every challenge is an opportunity.” - Vinki Loomba“I would say experience is the main thing. And the more experience you have, the better you are.” - Vinki LoombaLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Oct 19 2021
19 mins
The Valley of Death - Bruce Wuollet10k of Loss Rent Paid by Insurance
There are aspects in real estate investing that people overlook and that involve the inclusion of insurance, assignment of benefits, and other easily missed potential additional revenue streams. With the many controllable and uncontrollable factors influencing the industry, especially these crucial times, it is beneficial to utilize risk assessment yet, as Johnny Lynum points out, we must also take action. [00:01 - 05:14] Opening Segment I welcome today’s guest, Johnny LynumHow his entrepreneurship heart led him to real estate[05:15 - 12:37] How to Utilize the Characteristics of InsuranceJohnny talks about his misstep and his solutionThe potential risk of not employing cost control approachAim for clarity - Communication is key[12:38 - 20:57] Risk Diversification in Light of Implementing StrategyWhat financial companies to consider in line with real estate servicesFeasible steps in generating additional income Where the true opportunity is in managing properties[20:58 - 24:11] Closing SegmentWhy we should not overanalyzeFinal wordsTweetable Quotes:“When you go through adversity, it sets you up for success. It's always an opportunity when you're going through some type of adversity.” - Johnny Lynum“We got to make our dreams real and you got to take action and make it happen. Because right now, nobody's gonna give it to you. You got to go out there, take action, and take what it is that you're looking for and make it happen.” - Johnny LynumLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Oct 12 2021
24 mins
Don't Send Me a Congratulations Email for Closing a Deal - John Casmon
The initial thought of people whenever a new property is acquired is a celebratory greeting. Although this sounds proper, John Casmon begs to disagree especially when it comes to market positioning. Also, in this episode, he talks about more tips in attracting high net worth individuals, experiencing imposter syndrome, and shifting our focus to giving value. So, why did John Casmon have this thought? Let’s listen to his story.[00:01 - 05:13] Opening Segment I welcome today’s guest, John CasmonSentiments on his email about the reality of the real estate businessTaking advantage of marketing opportunities[05:14 - 15:12] Finding Your Unique Position to HelpAttracting high net worth individualsUnderstand the investor’s challenges to filter your networkTackling imposter syndrome with a shift in focus[15:13 - 23:39] Why Celebratory Messages in Platforms is a No-NoMedium matters - it boils down to marketing positioningAiming to give value and having people think deeper[23:40 - 26:26] Closing SegmentFigure out what’s holding you backFinal wordsTweetable Quotes:“Whenever you have an opportunity to engage your audience, your network, you want to take advantage of that.” - John Casmon“It's not necessarily that you go to them and say, ‘Hey, come invest with me,’ but you want to leverage those relationships to start building out your network.” - John CasmonLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Oct 5 2021
26 mins
Fake Invoices and a Trip to Mexico - Cary Love
It goes without saying that in the real estate business, we must know how to work with people all the while determining who to work with. Trusting one company to do the works may seem to be the safest way to go, however, Cary Love points out that we must consider the possibility of inconsistent quality of services rendered, the dangers of sob stories of contractors just to flesh in more cash, and how the contact person may vanish, leaving you hanging. In this episode, Cary talks about the horror story of working with irresponsible contractors, the lessons he learned, and how he overcame these mistakes.[00:01 - 04:49] Opening Segment I welcome today’s guest, Cary LoveHow he got into the real estate business to retire at 44[04:50 - 12:07] The Dangers of not Being Hands-On EnoughWhen things aren’t going as smoothly as they seemIssues on working with irresponsible contractorsThe contact person may vanish or the quality may diminish[12:08 - 22:17] Steps to Finding Consistent ContractorsRecognizing the changing parameters in contractor workGiving chances for smaller companies to do the jobAllow time for healing  from mistakes to build a solid foundation[22:18 - 24:48] Closing SegmentCreativity solves problemsFinal wordsConnect with Cary via Linkedin: https://www.linkedin.com/in/caryjlove/Tweetable Quotes:“This has always been my fear and multifamily. When you're doing a deal, if you don't have a proven team, right, if you think you're just gonna go out and grab a contract off the street to do the turns on your property that’s got bridge financing on it, I think you're setting yourself up for failure just because you don't know if that company is going to perform at the level that you need them to perform.” - Jerome Myers“If you make a mistake, because you will make a mistake, you can look at your financial information and look at it and say, ‘Hey, in three years, what does this look like?’...’What will it look like in five years?” - Cary Love“You know, one of the things is that time has a way of healing mistakes.” - Cary LoveLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Sep 28 2021
24 mins
Wire Fraud - Mike Morawski
While the potential for growth in the real estate business is staggering. Once you are in it and witness how much you can scale, it can be tempting to keep going. That’s definitely possible, however, in today’s episode, Mike Morawski reveals his story and reminds us of the dangers of not trimming loose ends in implementing business strategies. Hear how he managed the drastic uphills and downhills of the industry from its early parts and how those impacted his life all throughout.[00:01 - 05:01] Opening SegmentI welcome today’s guest, Mike MorawskiHow he sold his business and stumbled upon real estate[05:02 - 12:16] The Significance of Information Disclosure to InvestorsThe sudden shift in the market and the 2008 bubbleMike shares his struggles as a multi-business ownerFrom being convicted for wire fraud to becoming a commendable real estate coach[12:17 - 29:47] The Repercussions of Scaling Too QuicklyThe intentions may be good, but it’s important to check on the mannerHow Mike figured out the real estate systems at the early stagesThe contributory factors to realize in building confidence before scaling up[29:48 - 27:56] Closing SegmentHow to position yourself towards proper execution Final wordsTweetable Quotes:“I had a guy walk up to me and said, ‘Hey, don't let these people beat you. All they want to do is take everything from you. And they can take your real estate, they can take your cars, they can take your business, they can destroy your family, but what they can't take is what you're made up of.’ ” - Mike Morawski “[The investors] may panic, but be willing to just say, hey, we're in business. Business doesn't always go as planned. Here's what happened. We want you to be a part of the solution. I think that's something that I think more of us can do.” - Jerome MyersLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Sep 21 2021
35 mins
Losing Money on a 400 Unit Reposition - David Lindahl
Reassuring ourselves of a good deal is not as simple as determining the potential future value appraisal. It comes with consideration of varying aspects and the market cycle is one of them. David Lindahl discusses the importance of recognizing the patterns of the market and using such observations to elevate our decision-making process in property acquisition. Just as how the flow of trends goes, there exists a method to effectively evaluate deals further.[00:01 - 05:24] Opening Segment I welcome today’s guest, David LindahlHow he moved from small to big property acquisitions in the emerging markets[05:25 - 11:50] Understanding the Full Cycles of the MarketThe ultimate advantage of grasping the market transitionsWhere people go wrong in assessing the market cycleDavid shares his experience as an author and the pursuit of making his parents proud[11:51 - 29:24] Revamping Deal Selections and Finding PartnersDavid shares his first deals and finding his first investorThe heavy influence of market cycles in household formationThe dangers of disorderly inventory and lack of risk assessment[29:25 - 35:14] Closing SegmentHave the right mindset and overcoming your limiting beliefsFinal wordsTweetable Quotes:“Now, if you understand the full cycle of the markets, the four phases, the transitions, and what strategies to be using during each phase, which is explained in the book, then you can sit in your own backyard and make money in each particular phase with the right strategies. The key is recognizing the transitions. That's where people usually go wrong.”  - David Lindahl“This first deal is gonna be the hardest, you know, but if you get through the obstacles and get through your limiting beliefs and get it done, oh, it's like the sky opens up, the sun shines down, you love life gets better, and your face clears up. It's just a beautiful thing.” - David LindahlLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Sep 14 2021
35 mins
What You Must Know About Real Estate Education
Let’s get into it to get a deep dive into some of the harsh truths of real estate and how to overcome them.[00:01 – 06:02] Opening SegmentJerome talks about his background.Three things that you want to do before you quit your job to get in real estateTo get more of that check listLink below[06:02 – 20:20] Education in Real EstateWhat Jerome went through with the banksThe importance of educationWhat should people be looking for to find the right educatorsThe importance of getting to know the person that you want learn fromFiguring out your why as a studentThe lack of diversity in real estate investing[20:20 – 32:17] Incomplete SolutionsJerome talks about incomplete solutions.How having the mindset is important but not sufficient to succeed.The importance of networks.Jerome’s talks about the context of his podcast, his conference and his course and coaching services.Contact JeromeLink below.[32:17 – 37:49] Bullseye RoundApparent Failure:Not being able to get his first deal done.Digital Resource:CalendlyMost Recommended Book:Sizing People UpDaily Habit:RunningCurious About:Interest ratesI Wish I Knew When I Was Starting:Getting educatedBest Place to Grab a Bite in Greensboro - North CarolinaScrambleContact Jerome:His podcast, details about his conference, his coaching and courses can be found at: jeromemyers.comTweetable Quotes:“The banks don’t invest in dreams. They invest in proven business plans with experienced operators.” - Jerome Myers“When you are unconsciously incompetent, your are in that space of ‘I don’t know what I don’t know.’” - Jerome MyersThank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episodeSupport the show (https://www.facebook.com/groups/157335752156211/)
Sep 8 2021
38 mins
The Boss is the Capital Stack - Josh Cantwell
The realms of real estate can be appealing especially in the aspect of monetary gain. In reality, there is more to it than that - it is not simply about acquiring low and selling at a high price. To experience more rewards, we must be willing to do the hard work and give value to our product. In this talk, Josh Cantwell stresses the importance of not relying on the “MVP”, recognizing that money is king, and breaking down the dangers of merely getting a deal done. And all the while acknowledging the goal of the hustle - financial freedom - and ultimately, satisfaction in life.[00:01 - 03:52] Opening Segment I welcome today’s guest, Josh CantwellHow he got into real estate[03:53 - 14:51] Realities of Attaining Financial FreedomThe meaning of financial freedom and its challenges for entrepreneursJosh talks about his deals and the threat of COVID-19The considerations in building a solid business model[14:52 - 28:48] Dangers of Rushing the DealThe real MVP in real estate investingWhat tenants truly care aboutWhy being on time yet going over budget is better [28:49 - 34:45] Closing SegmentThe truth about business - money is kingFinal wordsTweetable Quotes:“And the big challenge for every entrepreneur in today's market is to sit and think about what they're really trying to do, and realize that yesterday is gone. .” - Josh Cantwell“ You do the hard work. That's where the MVPs are at… Why is somebody gonna pay you more rent, if you're not giving them a better product? Simple as that.” - Josh Cantwell“I was passionate about what I was doing. I was loving it. So if I literally had my number calling, I was off the face of the earth that year, I would have been okay with that. Because I was doing what I love. I was having fun with it.”  - Josh CantwellLearn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Sep 7 2021
34 mins
Don't Trust Your Gut When Hiring - Anthony Scandariato
Many people will tell you to trust your gut whenever you’re making a key decision in your life. In the real estate business, however, it pays to not follow your gut all the time, especially in hiring. What you should do always is doing your due diligence to ensure that you’re doing the right thing. In the case of Anthony Scandariato, he learned to not trust his gut when hiring and instead prioritize background checks to hire the right guy. [00:01 - 04:25] Opening Segment I welcome today’s guest, Anthony ScandariatoHe talks about the services their company offers [04:26 - 15:03] Hiring the Wrong Guy The truth about multifamily investing you should knowWhat Anthony learned from hiring the wrong guy Why background checks are required in hiring [15:04 - 20:08] Why Market Research is Important Should you have a bookkeeper in-house?Here’s Anthony’s experience The importance of market research in real estate Anthony gives a sneak peek on how they look at deals [20:09- 24:59] Closing SegmentDon’t miss Anthony’s words of wisdom!This is applicable for beginners and expertsFind Anthony at the links belowFinal wordsTweetable Quotes:“Don’t be afraid, regardless of whether you’re a beginner, intermediate [or] advanced, keep building out your team.” - Anthony Scandariato“It’s really the property management from multifamily that’s really the key to success, in my opinion, in this business.” - Anthony ScandariatoResources mentionedBrian LeonardIndeedYou can connect with Anthony by emailing a.scandariato@redknightproperties.com or get in touch with him on LinkedIn, Instagram, and Twitter. Visit Red Knight Properties to grow your income and wealth from investing passively in real estate! You can also check them out on Facebook, Twitter, Instagram, and YouTube.Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Aug 31 2021
24 mins
Can I Talk About My Real Estate Business On Social? - Brian Pownall
It’s hard to get your target audience to engage in your social media content since there is a lot of “competition” for their attention. Brian Pownall learned that the key for them to engage with you is to be a relatable content creator, which you can only achieve if you’re getting yourself out there. Share your journey, both the ups and downs. Discuss the lessons you’ve learned along the way. Be transparent. Show them how unique you are. The next thing you’ll realize is that people are starting to engage in your content, making it easier for you to engage them in your business.[00:01 - 03:32] Opening Segment I welcome today’s guest, Brian PownallHow he got interested in multifamily syndication [03:33 - 13:36] Promoting Real Estate in Social MediaWhich should you try first, joint venture or syndication?How to leverage your socials for your real estate businessEngage people by documenting your journey [13:37 - 24:27] How to Invest and WhereHow to learn real estate in the best and quickest way possiblePartner strategically to make your investing a success Here’s howThe market where you should start investing [24:28 - 27:29] Closing SegmentWhy you should always be in your peak performance conditionFind Brian at the links belowFinal wordsTweetable Quotes:“The person who can articulate the problem the best is the de facto expert.” - Jerome Myers“When you start talking about that pain that you’re trying to solve, when you talk about the problems, and your journey to get to a solution, that’s gonna resonate with the other people who are in the same boat.” - Jerome MyersResources mentionedGary VaynerchukYou can connect with Brian by emailing brian@newdayinv.com or get in touch with him on LinkedIn. Check out Silverado Oil & Gas, LLC to start investing in large-scale, liquid-rich resources! Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Aug 24 2021
27 mins
4 Things Every Investor Has to Overcome - Brett Morgan
Brett Morgan discovered that investing in the oil & gas industry has some similarities to investing in real estate. Still, there were a few things he needed to learn to invest in multifamily properties the right way. What prompted him to seek guidance was his experience with losing a property near his home just because he didn’t know where to start. Now, he’s equipped with the 4 things every investor needs to invest in real estate. [00:01 - 04:09] Opening Segment I welcome today’s guest, Brett MorganBrett talks about his journey to the real estate industry   [04:10 - 13:40] 4 Things Every Investor Need Why you need to acquire knowledge in real estateAside from knowledge, what do investors need? Learn more about our “4 Fs” process to invest in real estate [13:41 - 23:52] Your Very First DealWhich to invest in first, small or big properties?What new investors should realize about real estateWhat do we mean by “exposure to the content?”[23:53 - 29:48] Abundance Mindset Brett talks about studying money and financeWhat you should understand about economies of scaleSharing your knowledge is normal in real estate [29:49 - 31:10] Closing SegmentFind Brett at the links belowFinal wordsTweetable Quotes:“You have to be getting out of just having one or two streams of income. You should have multiple streams of income.” - Brett Morgan“Harness other people’s knowledge so you don’t have to be a master of everything.” - Brett MorganResources mentionedBook: Becoming Your Own BankerYou can connect with Brett by emailing bmorgan75@hotmail.com.   Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)
Aug 17 2021
30 mins

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