Rafi Mizrahi was working in IT in Israel in 2008 when he was introduced to the book “Rich Dad Poor Dad” and immediately started investing in single family properties. By 2017 he had honed his system and purchased over 300 properties in the U.S. Rafi realized that single family was not scalable and transitioned to multifamily. As of today, Rafi has over 766 units in the U.S. and is closing on another 250.
Here’s some of the topics we covered:
- Developing a team framework
- Various roles on multifamily teams
- A business is people and systems
- Why house flipping is so risky right now
- Morning rituals
- Leveraging other’s track record
- Rafi’s deal flow
- Doing the right thing
- Reinvesting in your business
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
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When you dream big and aim high you can achieve far greater things than when you aim low. And think about this… aiming takes little effort. The direction you choose is rarely considered “difficult”.Aim high, because it’s less crowded up there.
Aim high because it determines what you see.
Aim high, because you are known by your aim, not your arrows.
Aim high and never settle for less.
Eyal Ohana has been practicing accounting for over 20 years. As his family grew in size, he realized he wanted to have more time to spend with them and decided to start his own company. After dabbling in single family real estate and dealing with the frustrations there, he soon found that multifamily was a better option.
Here’s some of the topics we covered:
- Getting educated in multifamily
- The importance of time management
- Overcoming fear
- Job progression vs personal growth
- Leadership
- Competence breeds confidence
- Finding your why
- The value of your peer group
- Comfort kills dreams
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
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The desire to become the most you can be. That’s the definition of self actualization. It’s a battle between your base instincts and your higher aspirations. Self actualization means you are on a journey toward perfection. It’s all about that journey. You accept you as you are and others as they are. The best way to sum it up is that self actualized individuals have aspirations of being their best, live in the moment, and accept everyone. “Be yourself, everyone else is already taken.” - Oscar Wilde
Leslie Awasom is the Director of Operations and Co-founder of Xsite Capital Investment LLC with over $107 Million in assets under management. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie still works as a Nurse Anesthetist in Baltimore, Maryland.
Here’s some of the topics we covered:
- Evaluating every scenario and assessing risk
- Overcoming analysis paralysis
- The personal growth that multifamily real estate can provide
- Consuming positive content
- Learners are earners
- Your weekly plan
- The power of meditation
- Being an observer of your own thoughts
- What really matters
- Book recommendation “Second Chance at your Money and Your Life” Robert Kiyosaki
- “The pursuit of a worthy goal”
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
http://xsitecapital.com
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Warrior Jonathan Russell began buying rentals in 2016. Shortly after that, Jonathan experienced the uncertainty of working for someone else when company he was employed by downsized, and he found himself unemployed in 2017. He then went full time buying real estate. Jonathan to date has done 86 doors comprised of single family rentals, multifamily properties, flips and new construction spec builds.
Here’s some of the topics we covered:
- The power of leverage
- The flexibility of real estate entrepreneurship
- Proper framing of adverse situations
- Networking
- Leveraging your superpower
- Benefits of multifamily over single family
- 100% responsibility
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Ivan Barratt is a multifamily owner, manager, and syndicator who specializes in large apartment communities in the Midwest. Since 2015, Ivan Barratt has raised over $100 million in equity, acquired over 5,000 units, and grown The BAM Companies (BAM Capital, BAM Management, and BAM Construction) to a best-in-class, four-time Inc5000, private equity, and management firm. Today, Ivan focuses his time on equity finance, acquisitions, and company strategy. Currently, his company manages nearly $593 million in syndicated assets.
Here’s some of the topics we covered:
Adding value to class A properties
Best of times, Worst of times
Alternatives to Agency Debt
Impact of inflation
Demand for suburban garden apartments
What to look for in a tertiary market
History repeats
Deflation vs Inflation
The dis-inflation of technology
The power of coaching and masterminding
The value of an executive assistant
“What got you here, won’t get you there”
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
http://thebamcompanies.com
Your comfort zone is a warm place, but nothing grows there. Embrace the challenges you’re faced with because those struggles are what help you grow. Comfort equals stagnation. Discomfort means you need to learn new things, do new things and become stronger so you can overcome.
Terry Painter, is the author of "The Encyclopedia of Commercial Real Estate Advice". He is the founder of Apartment Loan Store and Business Loan Store - commercial mortgage banking and advisory firms that have closed over four billion dollars in commercial loans since 1997..
Here’s some of the topics we covered:
- Why you need a mortgage broker
- When to engage a mortgage broker
- Offering memorandum
- Pro forma vs actuals
- Replacement Reserves
- Expense ratio
- Real Estate Taxes
- Millage Rate
- Current market
- How inflation affects the rental market
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
https://apartmentloanstore.com/
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There is nothing more beautiful than someone who shines through the dark with their unique personality. Embrace your difference and wear it as a badge. What is your “identity statement”? Your “I am” statement is one of the most powerful tools in the universe. Do not concern yourself with the opinion of others. You be YOU!
Scott Holmes is an accomplished acquisitions and asset management leader with more than 25 years of experience and over $6 Billion of closed transactions in all major property types nationwide. Scott and Rod are partners in CreeCapital and in this episode, discuss in detail the behind the scenes takedown of a 297 unit property.
Here’s some of the topics we covered:
- Keeping up with brokers
- Investment criteria
- Agency debt
- Offer ‘rounds’ and ‘final invest’
- LOI to PSA process
- Early access and Due diligence
- Polling your tenants
- Win Win Solutions
- Equity Raise
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
https://CreeCapital.com
“The journey of a thousand miles begins with a single step”. Lao Tzu
Once you push through obstacles and take that first step, you’ll be amazed at how quickly things fall into place and explode after that. How? Follow these steps:
First, make sure your goals are crystal clear. Second, trust the process of massive action.
Third, change your ‘story’ to a story of inevitable success.Finally, take that step!
Adam Finkel is co-founder of Tower Capital, a Phoenix-based
Commercial Real Estate Structured Finance Firm, specializing
in debt and equity placement for most commercial real estate
asset classes.
Here’s some of the topics we covered:
- Use a broker or go direct to lender?
- Leveraging broker’s credibility
- What stage to involve a mortgage broker
- Bridge debt
- Qualifying lenders
- Seasonal aspect of Capital markets
- DSC - Debt Service Coverage Ratio
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
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A powerful and important strategy. Visualizing allows us to see the outcomes we desire, and realize that they are achievable. Visualizing gives your subconscious something to work toward every day. People from celebrities to top performing athletes use visualization to achieve their dreams and goals.
August Biniaz and Ava Benesocky are co owners of CPI Capital, a Canadian investment firm. With a background as successful real estate agents, Ava and August saw an opportunity to bring multifamily opportunities in the U.S. to Canadian investors.
Here’s some of the topics we covered:
- Hurdles for Canadians
- Emulate successful people
- Importance of being coachable
- The value of mentors
- Learners are Earners
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
https://www.cpicapital.ca/
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Integrity, Authenticity, Love, Resilience - what are your guiding principles? Your guiding principles can be both personal and for your business. In this episode Rod talks about the core values and guiding principles that run through his companies.
Sam Bates of Bates Capital realized a W-2 job was not going to satisfy his desire to help people improve their lives so he started investing in real estate. He started his real estate journey in 2009 and has been directly involved in the acquisition, reposition, disposition, and asset management of over $150,000,000.
Here’s some of the topics we covered:
- Passive vs Active investing
- Questions to ask a general partner
- Deal Flow
- The value of off-market deals
- Direct to seller deals
- Best and Final
- Due Diligence
- Non-refundable earnest money = Going Hard Day 1
- LOI and PSA
- The importance of environment
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
Not a mind maybe, not a mind wish… a Mind SET. What is your mind set on right now? The positives or the negatives? Growth and success or problems and failures? What you set your mind on determines your path and journey through this life. Choose wisely what you set your mind on and make it stick!
Warrior Ryan Dworak started his multifamily journey with a 4 unit. He quickly realized he needed some guidance and joined the Warrior Program. Since that time Ryan and his wife Britni have closed on over 200 doors, half of them as General Partners. Ryan and Britni have a daughter and another on the way.
Here’s some of the topics we covered:
- Starting out in Multifamily
- Transitioning from residential to commercial real estate
- Pushing through fear
- Internal and external team
- The role of uncertainty
- Unknown potential
- Your ecosystem
- Be, Do, Have
- Importance of mindset
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Van Sturgeon grew up on the south side of Chicago and has built and renovated thousands of homes all across North America. Van currently owns and manages over 1,000 units in Michigan, Ohio, New Brunswick and Florida and is author of multiple books on renovation and rehabbing.
Here’s some of the topics we covered:
- How to approach a multifamily renovation
- Developing a scope of work
- Screening contractors
- How to quantify quality
- Contract consideration
- Milestones and when to make payments
- Understanding sequencing
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
http://VanSturgeon.com
Mike Woodfield has been responsible for overseeing and asset managing $300,000,000 in multifamily deals over the last 5+ years. During that time Mike oversaw the renovation of 2,200 multifamily units totaling $30,000,000 in improvements which created millions in value-add. Mike has overseen the construction of 50 apartment units totaling $7.2 Million in construction loans.
Here’s some of the topics we covered:
- The importance of curb appeal
- The 4 P’s of asset management
- Having an Asset Management Plan
- The power of accountability
- Trust but Verify
- Pricing strategies
- Asset management KPI’s
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:https://www.obsidiancapitalco.com/
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You will influence more people by being happy and playful. Creativity and innovation comes about when you are being playful. Plato said you can discover more about a person in an hour of play than a year of conversation. Be happily achieving. Be present, fun, curious and playful and build the life you deserve.
Warrior Phil Klima runs a successful car dealership and got into single family housing. After closing on a 31 unit deal he quickly discovered the advantages of multifamily. Phil has built a portfolio of total real estate assets valued at just north of $20M and total units just over 300 without syndicating.
Here’s some of the topics we covered:
- The Cleveland market
- The tax advantages of multifamily
- The goal of reaching your potential
- Making business fun
- Keeping continuity when taking over a property
- Best way to get started in multifamily
- Don’t wait to buy real estate, buy real estate and wait
- The value of setting high goals
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Keith Weinhold started his multifamily journey with a 4-plex in Anchorage Alaska of all places. Since then Keith has become a bestselling author and podcaster in the Commercial Real Estate space. Keith has been on the show previously as one of my earliest interviews: Episode #89
Here’s some of the topics we covered this time around:
- The problem with compound interest
- The power of financial leverage
- Other People’s Money x 3
- The Inflation Triple Crown
- Winning with Inflation
- The 5 profit centers of multifamily
- Diminishing your prosperity by being debt free
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
For more information on our guest, please visit:
https://www.getricheducation.com/
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Putting things into motion quickly for a competitive “leg up”. Rapid implementation involves identifying opportunities and quickly responding to new problems. Rapid implementation can also help your company or team achieve their goals by quickly responding to changes in the economy, changes in local and national politics, and changes in consumer sentiment.