What does it take to raise OPM “Other People’s Money” in order to acquire larger real estate deals than you’d ordinarily be able to do by yourself? Should you be thinking about raising OPM in order to take your investing business to the Next Level?
According to my guest today, it takes a certain type of person to thrive in syndicating and 40% of the people he’s seen do their first syndication deal never do it again.
That’s why he wrote a book about Syndication and its pitfalls called “Syndicating is a BI#@H: And Other Truths You Haven’t Been Told”. And today Bruce Petersen is here to discuss these truths and help you figure out if syndication is a road you want to travel.
Bruce built his Apt-Guy empire and wealth by syndicating over 1,100 units in real estate, and today he’s going to share his secrets to success. We’ll be discussing the importance of having a mentor or coach, how he raised money for his first syndication without having a track record, and the many challenges and surprises he encountered while syndicating.
Bruce also has some great stories about the dead guy in the pool, failing bathtubs, the uncomfortable conversations he’s had to have with investors, and the $5 Million dollar wire that disappeared and what really happened to it.
I know you’re going to get a lot of great syndication knowledge from today’s conversation. You can contact Bruce by going to www.apt-guy.com or on Instagram at apt.guy.com or facebook at “the apt guy”.
Up until early March we were in a booming real estate market with high valuations and a bright economic future. Now, seemingly overnight, we find ourselves in a new kind of recession and it’s hard to see just how it will end and whether real estate will hold its value.
One thing I can tell you from my experience going through the last great recession is that there will be incredible opportunities for those who have the capital to go after them. And that’s what we will be talking about today – How do we find, educate, and prepare investors for the real estate opportunities that will be available in the next 3 to 12 months?
My guest today, Dr. Adam Gower, is considered to be one of the country’s foremost real estate crowdfunding experts who founded his company GowerCrowd to assist sponsors and developers raise unlimited equity capital online. Adam is a published best-selling author and has decades of experience in real estate investment and finance.
Adam is going to share his tips on content creation and how it can be used to educate and inform High Net-Worth Investors while building your own credibility. He’ll also share how he’s prospered during past downturns, and how you too can begin putting systems in place that will ensure you survive and thrive during this Coronavirus inspired downturn we’re all experiencing.
To find out more about Adam go to www.gowercrowd.com and download his free white paper on how to communicate with investors.
My guests today know what it's like to go through a major economic downturn and reposition their business in order to survive and thrive.
Jason Roberts and Rachel Schneider owned their own mortgage company when the Great recession hit back in 2008. Once the market crashed they pivoted to real estate investing and have since closed over 300 transactions. Many of them were pre-foreclosures, short sales, wholesales, probates, you name it, they’ve done it.
Now that coronavirus has brought our economy into another recession, it will be helpful to get Jason and Rachel’s perspective on how they plan to survive and thrive once again. Jason and Rachel run a top coaching program where they share their knowledge and experience with other investors, and they also own a profitable hard money lending company with over 2 million dollars in loans out at any given time. They’re also co-owners of their local REIA and continue to flip houses.
Today they’re going to discuss the marketing systems they’ve put in place and how those systems will work in today’s market. We’ll also discuss how Jason and Rachel are preparing themselves for the opportunities they’re expecting, and why they believe their hard-money lending business will continue to be successful.
I know you’re going to enjoy this conversation with Jason & Rachel. You can learn more about them by going to https://www.reiblueprint.com or through the REI Blueprint facebook page.
As real estate prices increase, and the supply of new construction fails to keep pace with demand, the need for middle income housing is a steadily rising challenge that many communities are experiencing. Today we’re going to discuss Workforce Housing. What is it, who benefits from it, and how is it being developed?
And here to have this conversation is Scott Choppin, a seasoned real estate developer with hundreds of millions of dollars of experience and specialization in workforce housing. He’s also the founder of Urban Pacific, which specializes in the development of a unique type of Urban TownHome.
Scott is going to share the development model that he’s employing in middle-income neighborhoods that cater to co-living and inter-family residents. We’ll discuss the cost saving techniques he’s employing to develop and build these properties without any type of government subsidies. We’ll also discuss the defensive nature of this type of housing against economic downturns and the financial fallout from the coronavirus pandemic.
There is a very real problem in which wages in our country aren’t keeping pace with the cost of housing. Creative solutions like the type Scott shares in this episode are necessary if we’re going to overcome these challenges. You can contact Scott through his website at www.urbanpacific.com or learn more through Urban Pacific’s youtube channel.
My guest today is a big fan of the Keanu Reeves movie “The Matrix”, and he believes that most people really are living in the Matrix and it’s his job to help them escape. He does this by teaching them the benefits of multifamily and apartment real estate investing
Since leaving a successful corporate America career, Jerome Myers has become a thought leader in the multifamily development space. Jerome leads The Myers Development Group which focuses on buying broken apartment building businesses and using innovative thinking and solid execution strategies to optimize the operational efficiency of the business.
Jerome asset manages 90 units and 90,000 square feet of workforce housing across Virginia and North Carolina and he’s on a mission to hold 1,000 doors in the next 8 years. He also hosts the podcast “Myers Methods Presents Multifamily Missteps”.
Today Jerome will take us through the process of acquiring, rehabbing and profiting from two of his multifamily properties, and we’ll also discuss why he prefers Joint Ventures over Syndications, why it’s so important to know how to convey the “Story” when applying for a loan, and how critical it is to establish a relationship with your lenders.
I know you’re going to enjoy and benefit from listening to this conversation with Jerome. You can contact Jerome through linkedin & www.myersmethods.com