Whether you’re a first-time investor or you’re very seasoned, make sure to look at the profit spread. Plan for the best, expect the worse. Equity is another big factor to consider when analyzing properties. Rod is a modern lawyer that accepts text messages, e-transfers, and other modern conveniences! In 2021 this is still a rare occurrence.
In this episode you will learn about:
Commercial investing vs. residential
Reverse engineering to achieve your goals
Your legal counsel is paid to be paranoid
Find projects you’re comfortable with the risks involved
Which institution is the best real estate investor?
Jon started his company in August 2017 and has been extremely successful ever since. Black Jack Contracting has completed hundreds of secondary suite additions and loves working with investors since there are no husbands and wives fighting over tile selection!
Mindset! The stories we tell ourselves, we bring in our lives… we make them a solid fact and don’t move forward. I can’t get started, I don’t have any money, I don’t know what to do, whom to talk to, what is the first step, what will people think?
Guest:Tim Tsai – Real Estate Investor, Mentor & Coach
Anyone can turn around a bad situation. Tim has survived 3 heart attacks at a very young age and chose to change his lifestyle completely. He reinvented himself and is now helping others do the same through his coaching. By helping enough people, you end up helping yourself! As an investor, focus less on the vehicle and more on the end goal.
In this episode you will learn about:
Tim’s history of heart issues – multiple heart attacks at a very young age
How to transition from a poor mindset to becoming a successful real estate investor
Changing your priorities as a high performer
Empowering others to trust their talent
It’s not about the doors, it’s about focusing on what matters
30 months does not seem like a long time in investing but when you have perseverance and focus you can do extraordinary things. For example in that time, this week’s podcast guest Mark Baltazar, Real Estate Investor, has been able to grow his portfolio to $7.6 million in apartment buildings, has hosted a course, started a podcast and retired from his full-time job.
Mark provides insights and advice on apartment building investing and goes through the criteria of what a good deal looks like. He also shares his story of leaving his full-time job and how his schedule has changed. Finally, he shares insights on financing options and the various options to improve tenant cash flow and vacancy rates.
The main message is that anyone can invest in apartment buildings, as long as you educate yourself and surround yourself with the right people. It may seem harder at first but absolutely anyone can do it.
In this episode you will learn about:
Mark’s story of leaving the full-time job world
How tasks are divided with business partner
Finding deals and financing options
Tenant turnover options
What is the exit strategy
With 18 years of experience in business strategy and corporate consulting on the global stage, Mark brings a wealth of business management and operational expertise to real estate investing. Winner of the Real Estate Investment Network’s Top Player Award in 2017, Mark continues to build strong momentum in growing his real estate portfolio.
His strong analytical background enables him to bring a strategic rigour to portfolio expansion and the assessment of investment opportunities.
With 5 years of real estate investing experience across various strategies, Mark oversees Peak’s capital raising, client acquisition, partner relations, educational content development while ensuring the company delivers on its promise of helping others build generational wealth through apartment building investing.
