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Multifamily Legacy Podcast

Corey Peterson

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Multifamily Legacy Podcast

Multifamily Legacy Podcast

Corey Peterson

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About Us

Corey Peterson is a rags to riches real estate entrepreneur and self made millionaire. He's a best selling author and has been featured on Fox, CBS, ABC, NBC affiliates. Multifamily apartments is his passion and specifically how to put deals together that operate effectively and cash-flow. If your tired of the hustle and grind from fix and flipping, let Corey, pull back the curtain and show you power of multifamily apartments and cash-flow.

Latest Episodes

102: eQRP to UBIT: Alphabet Soup Menagerie Mess to Get You Taxed

How and where can you unlock money that you never knew you could use to invest in real estate? Enhanced Qualified Retirement Plan (eQRP). Today’s guest is Damion Lupo, author of The QRP Book. He's invested in real estate for 20 years and owned more than 50 businesses. Damion knows a thing or two, or just about everything when it comes to raising private and making passive money. Topics on Today’s Episode: Rookie Mistakes: Real estate investing takes more than books, inspiration, and buying property Reset Switch: After losing $20 million, Damion started over to focus on future Traditional Mutual Funds: Smoking a bunch of hope-eum as retirement strategy What are you, stupid? Using retirement money to do real estate is legal, if you know or learn how to do it correctly and control it In-kind Rollover: Don't have to pay unrelated business income tax (UBIT) with enhanced qualified retirement plan (eQRP) under 401 Section Seal the Deal? Questions to ask and how to avoid fear of missing out (FOMO), or running out of retirement money Emotional Rollercoaster: Stock market gives an illusion, not a paycheck If U.S. President doesn’t pay taxes, why should we? Why not? Use same code Assets Under Management (AUM) and eQRP: It’s not about what you make, but what you keep by taking action Links and Resources Mentioned: Damion Lupo Damion Lupo’s Phone: Text “eQRP” to 72000 The QRP Book Enhanced Qualified Retirement Plan (eQRP) Total Control Financial Unrelated Business Income Tax (UBIT) Unrelated Debt-Financed Income (UDFI) Individual Retirement Arrangements (IRAs) Edward Jones Charles Schwab Real Estate Investment Trust (REIT) Money Magazine Kiplinger Financial Adviser Robert Kiyosaki Tom Wheelwright Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “It's what most people are doing. They're all high on the hope, instead of actually being pragmatic and realistic.” Damion Lupo “There's all these options where you can take that money and start investing. Some people know about it, but they're doing it wrong. Most people don't even know about it.” Damion Lupo “The reality is, you can take your money and you can use retirement money.” Damion Lupo “My entire mission is to break those shackles and to free people from bondage. It's not a bondage that you're stuck in for life, unless you choose to be there. It's really a choice.” Damion Lupo Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

42 MIN5 d ago
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102: eQRP to UBIT: Alphabet Soup Menagerie Mess to Get You Taxed

101: Shaking, Baking, Making Money Before Pancreatic Cancer

Can you imagine never having a boss? It’s a dream come true for most us. Creating passive cash flow does take a lot of patience. Once you get there, it doesn't stop. Never ask people for money. Only ask, who do they know? Today’s guest is Josh Cantwell, a strategic real estate coach and Accelerated Investor podcast host. He talks about how to reap the benefits of raising money, deploying money, and owning assets. Topics on Today’s Episode: Private Money Philosophy: Funding equals freedom Why own long-term assets? Wealth, financial security, freedom, tax advantages Bad News: Shaking, baking, making money until pancreatic cancer, no cash flow Passion for Private Money: Started by buying investment properties Pivot to what you know: Own assets so you don't need transactional to start over Passive Cash Flow: Lend and pool people's money into private equity fund Big Regret: Out of 700 residential deals, didn't keep them all Raising Money Tactics: 12-step process includes new and existing people to be potential investors and influencers—what about me? Play the Game with Elevator Pitch: What do you like to do? How does that work? Links and Resources Mentioned: The Flip System by Josh Cantwell Freeland Ventures Accelerated Investor Podcast Robert Kiyosaki Carleton Sheets Francis Ablola U.S. Securities and Exchange Commission (SEC) Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Funding equals freedom. It doesn't have to be your money. It doesn't have to be your funding. But funding from someone else equals freedom.” Josh Cantwell “Owning the asset long-term...provides true wealth, true financial security, true freedom, and major tax advantages.” Josh Cantwell “You’ve got to own the asset because you don't want to start over. You don't need transactional. I lived that mistake.” Josh Cantwell “What about me? Those are the magic words.” Josh Cantwell Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

36 MIN1 w ago
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101: Shaking, Baking, Making Money Before Pancreatic Cancer

100: Rags-to-Riches Story: Substance Abuse to Multifamily Game Leads to Successful Business

EReal estate is a journey. In the first episode of the Multifamily Legacy Podcast, I shared my journey into the multifamily space. For the 100th episode, someone else’s rags-to-riches story is featured. Today’s guest is Will Harvey of CEO Capital Partners. He came from the lending world, got into a bit of trouble, but the lessons learned from substance abuse led to success. Topics on Today’s Episode: Multifamily Game: Best journey that provides two things—time and money Early Entrepreneur: Collect, clean, and sell public golf balls to private course Double Dropout: Focus and make better choices by getting a real job and sober Support System: Family and friends help to get you back on your feet Landlord Lows: How to manage tenants better and guarantee cash flow Single-family vs. Multifamily: Battle scars from bad condo conversions or development that went south, but multifamily doesn’t miss a beat Deal Goggles: Kill deals before they cost money but don’t go under contract Will’s Superpower: Raising money/capital Action Items: Continue to learn and recognize paralysis by analysis Want to quit your day job? Will and desire needed to improve your circumstance Best Advice: Don’t seek qualified advice from unqualified people and think bigger Links and Resources Mentioned: Will Harvey’s Email Will Harvey on LinkedIn Will Harvey’s Wealth Junkies Podcast CEO Capital Partners FHA Loan Grant Cardone Michael Blank’s Podcast Zach Gregor Multi-Family Millions by Dave Lindahl Monopoly Game Multifamily Legacy Podcast Episode 001: The Power of Cashflow in Real Estate Investing Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “You don’t want to go up the ladder. You want to own the ladder.” Will Harvey “Lightbulb Moment: I need to buy as much real estate as I can cause this is awesome.” Will Harvey “The best advice that I would give is don’t seek qualified advice from unqualified people.” Will Harvey “It’s the best journey that I know that gives you the two things that most of us dream about, which is time and money.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

45 MIN2 w ago
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100: Rags-to-Riches Story: Substance Abuse to Multifamily Game Leads to Successful Business

099: Tip of the Iceberg: Going from Passive Investing to Owning Multifamily Units

Going from more than 1,500 passive investments to actively closing more than 170 units and a goal to reach 50 million assets under management in the next year—that’s just the tip of the iceberg. Today’s guest is Gary Lipsky, CEO and founder of Break of Day Capital. Knowing how to manage people, having a steady hand, and being a solutions-oriented person led him to the multifamily space. Topics on Today’s Episode: Perfect Storm: Applying years of experience, skills, and lessons learned led Gary to multifamily space Pull the Trigger: Education and partnerships provide time and money to invest personally and professionally, in owning multifamily properties Meetup Host: What happens? What do you learn from others? And why do others seek Gary’s advice? Build in Buffers: Rates and terms can change, nothing’s perfect and things can always go wrong Don’t Chase Deals: Stay patient, steady, and true to your numbers to get deals CapEx Negotiation Needed: Who’s going to pay? Who’s fault is it? Realistic vs. Best Case Scenario: Over-perform rather than under-promise; give investors what they expect Raising Capital: Email list, meetups, Webinars, and meaningful relationships Multifamily Game: Too good to be true? Find, educate, understand, and invest to overcome fear Due Diligence: Take action, don’t work in silo, and partner with others; every deal looks sexy, get to know operator and go beyond memorandum before investing Links and Resources Mentioned: Gary Lipsky Gary Lipsky’s Email Break of Day Capital Break of Day Capital on YouTube MultiFamily Masters Meetup Fannie Mae Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Everything I have done in the past has led up to this moment. The lessons learned, the mistakes, all the hard work has brought me to this point.” Gary Lipsky “Knowing how to manage people, having a steady hand, and kind of being a solutions-oriented person really led me to multifamily.” Gary Lipsky “Deals, money, people, resources—those are all the things that show up at meetups.” Corey Peterson “Dealing with a seller who is a pain in the ass from the beginning, it’s not going to improve.” Gary Lipsky Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

34 MIN2019 DEC 17
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099: Tip of the Iceberg: Going from Passive Investing to Owning Multifamily Units

098: Failing is Never Fun, but Failing is Part of Learning

What are you thankful for? I’m thankful for many things, especially knowing how to fail. Failing is never fun, but failing is part of learning and shapes you. Nobody’s perfect. You’re human. What do you learn more from, your success or failures? Out of all the things someone could do in life, I’m convinced that multifamily deals are the true way to success. It’s what I know and understand. I wouldn’t trade my journey for the world! Topics on Today’s Episode: Supportive Structure: If someone believes in you, their support keeps you going Learn to say, “No,” especially as you make more money, and people want it Dream Big: Who and what do you want to be? Everything is attainable 2020 Goal: Own your calendar and make time for what matters most to you “No” Factor: I don’t want to do it, I don’t have to do it, I’m not going to do it… Grateful for Growth: Cash flow changes your life and lets you share your success Kahuna Mastermind: Guide people when they need help by being a true mentor Why? Money is fleeting, but helping others to succeed lasts forever Links and Resources Mentioned: Kahuna Mastermind Group 2: Email Shelley to join! Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “I attribute to my success is being willing to fail.” Corey Peterson “I truly believe that failing is part of learning, and it is what will help you grow.” Corey Peterson “‘No’ is a really, really hard word to master, and it will become even more hard...as you start to make more money.” Corey Peterson “Take time to pencil your life. You don’t get the time back. It really is that important to have that time to share and to love and to live and to breathe.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

32 MIN2019 DEC 10
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098: Failing is Never Fun, but Failing is Part of Learning

097: 5 Years and 30 Flips: Military Veteran Smashes Multifamily Space

Every year in the United States, we observe Nov. 11 as Veterans Day to honor those who have served in the U.S. Armed Forces. Rather than spending your signing bonus on a Harley, Charger, or Mustang upon your return, spend your well-deserved chunk of money by buying a home. Today, I’m talking to Phil Capron, U.S. Navy veteran who served as a Naval Special Warfare Combatant Craft Crewman (SWCC). He purchased his first property in Norfolk, Va., while serving in the military. Five years and 30 flips later, Phil’s in the multifamily business and author of a new book, Your VA Loan: How It Can Make You A Millionaire. Topics on Today’s Episode: From Navy SEALS to Multifamily Space: Phil’s story and journey into real estate SWCC—What they do: Jump out of planes, drive fast boats, and shoot big guns Veterans Administration (VA) Loan: Enables service members and qualifying veterans to purchase a primary residence at 0% down House Hacker: Being resourceful is big component to live for free, make money Assets vs. Liabilities: Pros and cons to living on/off base with family or friends Multifamily means more work, but more opportunity to build cash flow Lessons Learned: Don’t kill profit by raising all rents at once and losing tenants Do Something: Difference between big kahunas and people without portfolio Multifamily Space is a Team Sport: Partner with someone with some experience and take less; it’s better to have a slice of watermelon than a whole grape Commander of the Ship: Know how to negotiate and when to keep or sell property to cash out for cash flow Version 1 is better than Version None: Write a book and teach what you know Move On: Never let a failure/setback define you for an extended period of time Links and Resources Mentioned: Phil Capron Your VA Loan: How It Can Make You A Millionaire Phil Capron on Facebook VA Loan Rich Dad, Poor Dad by Robert Kiyosaki Michael Blank CoStar The Miracle Equation by Hal Elrod Copy Your Way to Success Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Being multifamily guys, we know about the power of leverage. It can be a tool that works for us, but it can also really mess us up, if we use it improperly.” Phil Capron “I didn’t mean to be a house hacker. It just seemed like I wanted to have my buddies around, and I wanted to give them a place to live for cheap.” Phil Capron “These guys and gals are returning home with a good chunk of money, and they’re going to drop it on a Harley, a Charger, or a Mustang. That’s a mistake.” Phil Capron “What I would never do again. I would never allow a failure or set back to define me for an extended period of time.” Phil Capron Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

43 MIN2019 DEC 3
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097: 5 Years and 30 Flips: Military Veteran Smashes Multifamily Space

096: Everyone Starts Somewhere: From Zero to Hero

Despite humble beginnings, being raised by a single mother, growing up in Section 8 housing, receiving government assistance through food stamps, and avoiding illegal activity, selling Kool-Aid and Pokémon cards sparked a child’s entrepreneurial spirit. Today, I’m talking to Sterling White, a rental property investor who now owns more than $26 million in assets, 600 units, and consistently contributes content focused on the multifamily industry. Topics on Today’s Episode: Mentee to Mentor: Learn, teach, and repeat Build Confidence: Focus on what you want to achieve, and find someone who needs your help Mindset Shift: Play to win and solve problems by beating brokers to the punch Why be average? Be extraordinary by doing more of what you want to do in life “It” Factor: Never, ever quit or give up Finding Fulfilment: Journey to get a deal involves a lot of work Finding Deals: Search database, set criteria, conduct cold calls, qualify clients Rubik’s Cube or Shoe in the Door: Copy your way to success with creative, value-based ideas Minimalist: Money isn’t everything; it doesn’t take much to be financially free Prove people wrong and value your time, even if you have to buy it Links and Resources Mentioned: Sterling White on LinkedIn BiggerPockets Section 8 Housing Earl Nightingale Tony Robbins American Tracers CoStar Angie’s List Predictable Revenue 1031 Exchange Grant Cardone Tim Ferriss Multifamily Legacy Episode 051: Beat Commercial Brokers to the Punch Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Anything above and beyond just the standard living...I had to figure out how to earn money.” Sterling White “That’s when I fell in love with real estate by not getting my hands dirty.” Sterling White “Same story. Same tenacity. I don’t care what it takes. I’m going to do it.” Corey Peterson “I get more of a fulfilment through the actual work. I’m not so much interested in closing on the deal. I’m more interested in the journey to get the deal.” Sterling White Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

36 MIN2019 NOV 26
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096: Everyone Starts Somewhere: From Zero to Hero

095: From 97 to 82: WTF?

Forestwood Apartments in Slidell, LA, is an amazing property that I purchased. It generated cash flow from the beginning without a lot of work. Terry, the property manager, never went below 97% occupancy for three years. He knew every tenant’s name and got along with them. Then, citing the need for less stress, Terry resigned. Today, I’m talking about the real stuff of multifamily investing. What you go through, emotions you experience, mistakes you make, and gaining growth from pain. Topics on Today’s Episode: Pre-training Process: Managers are deployed, live onsite, and strive for 96 to 100% occupancy Strategic and Methodical: From cable wires to faded outdoor paint, finish and complete rehab before starting next project Renewal retention rate is how you make money in multifamily investment space Green to Pink: Property went from greater than 95% to 94% in one month New manager not a country boy; occupancy dropped to 82% in second month Who is in charge? Property owner because no one else cares more; be a squeaky wheel to get the grease and fix problems Communicate with Investors: Don’t give good or bad news, just give the news Property Managers, Investors, Operators, and Owners: Don’t freak out, pay attention, and lead others to prosperity by being calm, focused, and determined Links and Resources Mentioned: Forestwood Apartments Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “If you’re not demanding a lot from your managers, you’re probably doing it wrong.” Corey Peterson “We’re in the people business. We hire great people to run and manage great people and give them a home.” Corey Peterson “The way you make lots of money in this business is that renewal retention rate.” Corey Peterson “The squeaky wheel gets the grease. I wasn’t squeaky enough.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

32 MIN2019 OCT 22
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095: From 97 to 82: WTF?

094: Talk is Cheap, Show Me the Check

EHow do you source deals to grow your multifamily business to own 6,000 units in just six years? It’s all about relationships! I’m talking to Michael Becker, principal at Strategic Property Investment (SPI) Advisory. He handles all aspects of property operations, from accounting and asset management to capital improvement/renovation projects and taxation. Topics on Today’s Episode: Borrower vs. Lender: Michael’s transition to finding his own multifamily deals All Work, No Play: Michael’s motivation to experience life before it’s too late Principal Perception: Build and leverage relationships and capital for projects Property Process: Assemble team, balance deals with loans, and run projects Lingo and Language: Education comes before building, establishing relationships How to source a deal? It’s all about the relationship and getting to know others Biggest Risk for New Operators: Being under-capitralized for long-term holds that impact cash flow Crystal Clear Role: Make money by finding deals and money; everything else is noise Go with Your Gut Feeling: Even if you need the money, walk away and say, ‘No!’ Get Real to Grow: Know where you are, what you know, where to start, and who you know to win deals Links and Resources Mentioned: Old Capital Podcast with Michael Becker SPI Advisory Institutional Property Advisors (IPA) RealPage Fannie Mae Freddie Mac Edward Jones Automated Clearing House (ACH) Schedule K-1 (Form 1065) RingCentral Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes by Michael Becker: “I had a lot of relationships. I had a lot of experience. I just wasn’t using those to the best of my capability.” “I get to spend a week in Germany going to Oktoberfest in lederhosen with some of the most powerful apartment brokers in Dallas and Fort Worth.” “It’s really simple. People do business with people they know, like, and trust.” “The way that you make money is to go find deals and find money. Everything else is noise.” Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

43 MIN2019 OCT 9
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094: Talk is Cheap, Show Me the Check

093: Education x Action = Results

EToday is the day. If you’re a business owner, you shouldn’t be washing the dishes. Take a chance to add doors in the multifamily space. I’m talking to Jake Stenziano and Gino Barbaro, a.k.a. the pizza guy and drug representative, who came together to create a multifamily real estate investment business that continues to grow and generate cash flow. Welcome to the show, Jake and Gino! Topics on Today’s Episode: 3-Leg Framework: Buy, Manage, and Finance Proof of Concept: Know what you’re doing, buy the right stuff, avoid bad deals Ask for Help: It takes time to make money; success doesn’t happen overnight Key Strategy: Stay away from shiny object syndrome, and commit to remaining focused 3 Whys of Multifamily: Why we get into multifamily? Control Why we win? Commitment Why we continue with multifamily? Create communities Financial Freedom: It’s not all about you, but educating and helping others Future of Multifamily Deals: Start small and progress to $10 million or above Blue Ocean Strategy: Create communities on property management side via phenomenal customer service, reasonable rates, and treat people right Links and Resources Mentioned: Jake and Gino Jake and Gino’s Multifamily Mastery Live (Promo Code: Love Book for 25% off) Jake and Gino’s Podcasts LoopNet Fannie Mae Freddie Mac CMBS Edward Jones Bigger Pockets Chick-fil-a Physician Payments Sunshine Act Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “It’s an absolute five-year incubator to get into the money. Once you get there, it just starts to kind of snowball.” Corey Peterson “Being super resourceful and not being ashamed to ask for help and be willing to give up some of the profits to do it.” Corey Peterson “If you’re not creative, and you’re not thinking outside of the box, when you first think you’re an expert, game over, because there’s so much to learn.” Gino Barbaro “Education times action equals your results.” Jake Stenziano Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

33 MIN2019 OCT 2
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093: Education x Action = Results

Latest Episodes

102: eQRP to UBIT: Alphabet Soup Menagerie Mess to Get You Taxed

How and where can you unlock money that you never knew you could use to invest in real estate? Enhanced Qualified Retirement Plan (eQRP). Today’s guest is Damion Lupo, author of The QRP Book. He's invested in real estate for 20 years and owned more than 50 businesses. Damion knows a thing or two, or just about everything when it comes to raising private and making passive money. Topics on Today’s Episode: Rookie Mistakes: Real estate investing takes more than books, inspiration, and buying property Reset Switch: After losing $20 million, Damion started over to focus on future Traditional Mutual Funds: Smoking a bunch of hope-eum as retirement strategy What are you, stupid? Using retirement money to do real estate is legal, if you know or learn how to do it correctly and control it In-kind Rollover: Don't have to pay unrelated business income tax (UBIT) with enhanced qualified retirement plan (eQRP) under 401 Section Seal the Deal? Questions to ask and how to avoid fear of missing out (FOMO), or running out of retirement money Emotional Rollercoaster: Stock market gives an illusion, not a paycheck If U.S. President doesn’t pay taxes, why should we? Why not? Use same code Assets Under Management (AUM) and eQRP: It’s not about what you make, but what you keep by taking action Links and Resources Mentioned: Damion Lupo Damion Lupo’s Phone: Text “eQRP” to 72000 The QRP Book Enhanced Qualified Retirement Plan (eQRP) Total Control Financial Unrelated Business Income Tax (UBIT) Unrelated Debt-Financed Income (UDFI) Individual Retirement Arrangements (IRAs) Edward Jones Charles Schwab Real Estate Investment Trust (REIT) Money Magazine Kiplinger Financial Adviser Robert Kiyosaki Tom Wheelwright Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “It's what most people are doing. They're all high on the hope, instead of actually being pragmatic and realistic.” Damion Lupo “There's all these options where you can take that money and start investing. Some people know about it, but they're doing it wrong. Most people don't even know about it.” Damion Lupo “The reality is, you can take your money and you can use retirement money.” Damion Lupo “My entire mission is to break those shackles and to free people from bondage. It's not a bondage that you're stuck in for life, unless you choose to be there. It's really a choice.” Damion Lupo Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

42 MIN5 d ago
Comments
102: eQRP to UBIT: Alphabet Soup Menagerie Mess to Get You Taxed

101: Shaking, Baking, Making Money Before Pancreatic Cancer

Can you imagine never having a boss? It’s a dream come true for most us. Creating passive cash flow does take a lot of patience. Once you get there, it doesn't stop. Never ask people for money. Only ask, who do they know? Today’s guest is Josh Cantwell, a strategic real estate coach and Accelerated Investor podcast host. He talks about how to reap the benefits of raising money, deploying money, and owning assets. Topics on Today’s Episode: Private Money Philosophy: Funding equals freedom Why own long-term assets? Wealth, financial security, freedom, tax advantages Bad News: Shaking, baking, making money until pancreatic cancer, no cash flow Passion for Private Money: Started by buying investment properties Pivot to what you know: Own assets so you don't need transactional to start over Passive Cash Flow: Lend and pool people's money into private equity fund Big Regret: Out of 700 residential deals, didn't keep them all Raising Money Tactics: 12-step process includes new and existing people to be potential investors and influencers—what about me? Play the Game with Elevator Pitch: What do you like to do? How does that work? Links and Resources Mentioned: The Flip System by Josh Cantwell Freeland Ventures Accelerated Investor Podcast Robert Kiyosaki Carleton Sheets Francis Ablola U.S. Securities and Exchange Commission (SEC) Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Funding equals freedom. It doesn't have to be your money. It doesn't have to be your funding. But funding from someone else equals freedom.” Josh Cantwell “Owning the asset long-term...provides true wealth, true financial security, true freedom, and major tax advantages.” Josh Cantwell “You’ve got to own the asset because you don't want to start over. You don't need transactional. I lived that mistake.” Josh Cantwell “What about me? Those are the magic words.” Josh Cantwell Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

36 MIN1 w ago
Comments
101: Shaking, Baking, Making Money Before Pancreatic Cancer

100: Rags-to-Riches Story: Substance Abuse to Multifamily Game Leads to Successful Business

EReal estate is a journey. In the first episode of the Multifamily Legacy Podcast, I shared my journey into the multifamily space. For the 100th episode, someone else’s rags-to-riches story is featured. Today’s guest is Will Harvey of CEO Capital Partners. He came from the lending world, got into a bit of trouble, but the lessons learned from substance abuse led to success. Topics on Today’s Episode: Multifamily Game: Best journey that provides two things—time and money Early Entrepreneur: Collect, clean, and sell public golf balls to private course Double Dropout: Focus and make better choices by getting a real job and sober Support System: Family and friends help to get you back on your feet Landlord Lows: How to manage tenants better and guarantee cash flow Single-family vs. Multifamily: Battle scars from bad condo conversions or development that went south, but multifamily doesn’t miss a beat Deal Goggles: Kill deals before they cost money but don’t go under contract Will’s Superpower: Raising money/capital Action Items: Continue to learn and recognize paralysis by analysis Want to quit your day job? Will and desire needed to improve your circumstance Best Advice: Don’t seek qualified advice from unqualified people and think bigger Links and Resources Mentioned: Will Harvey’s Email Will Harvey on LinkedIn Will Harvey’s Wealth Junkies Podcast CEO Capital Partners FHA Loan Grant Cardone Michael Blank’s Podcast Zach Gregor Multi-Family Millions by Dave Lindahl Monopoly Game Multifamily Legacy Podcast Episode 001: The Power of Cashflow in Real Estate Investing Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “You don’t want to go up the ladder. You want to own the ladder.” Will Harvey “Lightbulb Moment: I need to buy as much real estate as I can cause this is awesome.” Will Harvey “The best advice that I would give is don’t seek qualified advice from unqualified people.” Will Harvey “It’s the best journey that I know that gives you the two things that most of us dream about, which is time and money.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

45 MIN2 w ago
Comments
100: Rags-to-Riches Story: Substance Abuse to Multifamily Game Leads to Successful Business

099: Tip of the Iceberg: Going from Passive Investing to Owning Multifamily Units

Going from more than 1,500 passive investments to actively closing more than 170 units and a goal to reach 50 million assets under management in the next year—that’s just the tip of the iceberg. Today’s guest is Gary Lipsky, CEO and founder of Break of Day Capital. Knowing how to manage people, having a steady hand, and being a solutions-oriented person led him to the multifamily space. Topics on Today’s Episode: Perfect Storm: Applying years of experience, skills, and lessons learned led Gary to multifamily space Pull the Trigger: Education and partnerships provide time and money to invest personally and professionally, in owning multifamily properties Meetup Host: What happens? What do you learn from others? And why do others seek Gary’s advice? Build in Buffers: Rates and terms can change, nothing’s perfect and things can always go wrong Don’t Chase Deals: Stay patient, steady, and true to your numbers to get deals CapEx Negotiation Needed: Who’s going to pay? Who’s fault is it? Realistic vs. Best Case Scenario: Over-perform rather than under-promise; give investors what they expect Raising Capital: Email list, meetups, Webinars, and meaningful relationships Multifamily Game: Too good to be true? Find, educate, understand, and invest to overcome fear Due Diligence: Take action, don’t work in silo, and partner with others; every deal looks sexy, get to know operator and go beyond memorandum before investing Links and Resources Mentioned: Gary Lipsky Gary Lipsky’s Email Break of Day Capital Break of Day Capital on YouTube MultiFamily Masters Meetup Fannie Mae Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Everything I have done in the past has led up to this moment. The lessons learned, the mistakes, all the hard work has brought me to this point.” Gary Lipsky “Knowing how to manage people, having a steady hand, and kind of being a solutions-oriented person really led me to multifamily.” Gary Lipsky “Deals, money, people, resources—those are all the things that show up at meetups.” Corey Peterson “Dealing with a seller who is a pain in the ass from the beginning, it’s not going to improve.” Gary Lipsky Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

34 MIN2019 DEC 17
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099: Tip of the Iceberg: Going from Passive Investing to Owning Multifamily Units

098: Failing is Never Fun, but Failing is Part of Learning

What are you thankful for? I’m thankful for many things, especially knowing how to fail. Failing is never fun, but failing is part of learning and shapes you. Nobody’s perfect. You’re human. What do you learn more from, your success or failures? Out of all the things someone could do in life, I’m convinced that multifamily deals are the true way to success. It’s what I know and understand. I wouldn’t trade my journey for the world! Topics on Today’s Episode: Supportive Structure: If someone believes in you, their support keeps you going Learn to say, “No,” especially as you make more money, and people want it Dream Big: Who and what do you want to be? Everything is attainable 2020 Goal: Own your calendar and make time for what matters most to you “No” Factor: I don’t want to do it, I don’t have to do it, I’m not going to do it… Grateful for Growth: Cash flow changes your life and lets you share your success Kahuna Mastermind: Guide people when they need help by being a true mentor Why? Money is fleeting, but helping others to succeed lasts forever Links and Resources Mentioned: Kahuna Mastermind Group 2: Email Shelley to join! Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “I attribute to my success is being willing to fail.” Corey Peterson “I truly believe that failing is part of learning, and it is what will help you grow.” Corey Peterson “‘No’ is a really, really hard word to master, and it will become even more hard...as you start to make more money.” Corey Peterson “Take time to pencil your life. You don’t get the time back. It really is that important to have that time to share and to love and to live and to breathe.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

32 MIN2019 DEC 10
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098: Failing is Never Fun, but Failing is Part of Learning

097: 5 Years and 30 Flips: Military Veteran Smashes Multifamily Space

Every year in the United States, we observe Nov. 11 as Veterans Day to honor those who have served in the U.S. Armed Forces. Rather than spending your signing bonus on a Harley, Charger, or Mustang upon your return, spend your well-deserved chunk of money by buying a home. Today, I’m talking to Phil Capron, U.S. Navy veteran who served as a Naval Special Warfare Combatant Craft Crewman (SWCC). He purchased his first property in Norfolk, Va., while serving in the military. Five years and 30 flips later, Phil’s in the multifamily business and author of a new book, Your VA Loan: How It Can Make You A Millionaire. Topics on Today’s Episode: From Navy SEALS to Multifamily Space: Phil’s story and journey into real estate SWCC—What they do: Jump out of planes, drive fast boats, and shoot big guns Veterans Administration (VA) Loan: Enables service members and qualifying veterans to purchase a primary residence at 0% down House Hacker: Being resourceful is big component to live for free, make money Assets vs. Liabilities: Pros and cons to living on/off base with family or friends Multifamily means more work, but more opportunity to build cash flow Lessons Learned: Don’t kill profit by raising all rents at once and losing tenants Do Something: Difference between big kahunas and people without portfolio Multifamily Space is a Team Sport: Partner with someone with some experience and take less; it’s better to have a slice of watermelon than a whole grape Commander of the Ship: Know how to negotiate and when to keep or sell property to cash out for cash flow Version 1 is better than Version None: Write a book and teach what you know Move On: Never let a failure/setback define you for an extended period of time Links and Resources Mentioned: Phil Capron Your VA Loan: How It Can Make You A Millionaire Phil Capron on Facebook VA Loan Rich Dad, Poor Dad by Robert Kiyosaki Michael Blank CoStar The Miracle Equation by Hal Elrod Copy Your Way to Success Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Being multifamily guys, we know about the power of leverage. It can be a tool that works for us, but it can also really mess us up, if we use it improperly.” Phil Capron “I didn’t mean to be a house hacker. It just seemed like I wanted to have my buddies around, and I wanted to give them a place to live for cheap.” Phil Capron “These guys and gals are returning home with a good chunk of money, and they’re going to drop it on a Harley, a Charger, or a Mustang. That’s a mistake.” Phil Capron “What I would never do again. I would never allow a failure or set back to define me for an extended period of time.” Phil Capron Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

43 MIN2019 DEC 3
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097: 5 Years and 30 Flips: Military Veteran Smashes Multifamily Space

096: Everyone Starts Somewhere: From Zero to Hero

Despite humble beginnings, being raised by a single mother, growing up in Section 8 housing, receiving government assistance through food stamps, and avoiding illegal activity, selling Kool-Aid and Pokémon cards sparked a child’s entrepreneurial spirit. Today, I’m talking to Sterling White, a rental property investor who now owns more than $26 million in assets, 600 units, and consistently contributes content focused on the multifamily industry. Topics on Today’s Episode: Mentee to Mentor: Learn, teach, and repeat Build Confidence: Focus on what you want to achieve, and find someone who needs your help Mindset Shift: Play to win and solve problems by beating brokers to the punch Why be average? Be extraordinary by doing more of what you want to do in life “It” Factor: Never, ever quit or give up Finding Fulfilment: Journey to get a deal involves a lot of work Finding Deals: Search database, set criteria, conduct cold calls, qualify clients Rubik’s Cube or Shoe in the Door: Copy your way to success with creative, value-based ideas Minimalist: Money isn’t everything; it doesn’t take much to be financially free Prove people wrong and value your time, even if you have to buy it Links and Resources Mentioned: Sterling White on LinkedIn BiggerPockets Section 8 Housing Earl Nightingale Tony Robbins American Tracers CoStar Angie’s List Predictable Revenue 1031 Exchange Grant Cardone Tim Ferriss Multifamily Legacy Episode 051: Beat Commercial Brokers to the Punch Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “Anything above and beyond just the standard living...I had to figure out how to earn money.” Sterling White “That’s when I fell in love with real estate by not getting my hands dirty.” Sterling White “Same story. Same tenacity. I don’t care what it takes. I’m going to do it.” Corey Peterson “I get more of a fulfilment through the actual work. I’m not so much interested in closing on the deal. I’m more interested in the journey to get the deal.” Sterling White Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

36 MIN2019 NOV 26
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096: Everyone Starts Somewhere: From Zero to Hero

095: From 97 to 82: WTF?

Forestwood Apartments in Slidell, LA, is an amazing property that I purchased. It generated cash flow from the beginning without a lot of work. Terry, the property manager, never went below 97% occupancy for three years. He knew every tenant’s name and got along with them. Then, citing the need for less stress, Terry resigned. Today, I’m talking about the real stuff of multifamily investing. What you go through, emotions you experience, mistakes you make, and gaining growth from pain. Topics on Today’s Episode: Pre-training Process: Managers are deployed, live onsite, and strive for 96 to 100% occupancy Strategic and Methodical: From cable wires to faded outdoor paint, finish and complete rehab before starting next project Renewal retention rate is how you make money in multifamily investment space Green to Pink: Property went from greater than 95% to 94% in one month New manager not a country boy; occupancy dropped to 82% in second month Who is in charge? Property owner because no one else cares more; be a squeaky wheel to get the grease and fix problems Communicate with Investors: Don’t give good or bad news, just give the news Property Managers, Investors, Operators, and Owners: Don’t freak out, pay attention, and lead others to prosperity by being calm, focused, and determined Links and Resources Mentioned: Forestwood Apartments Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “If you’re not demanding a lot from your managers, you’re probably doing it wrong.” Corey Peterson “We’re in the people business. We hire great people to run and manage great people and give them a home.” Corey Peterson “The way you make lots of money in this business is that renewal retention rate.” Corey Peterson “The squeaky wheel gets the grease. I wasn’t squeaky enough.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

32 MIN2019 OCT 22
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095: From 97 to 82: WTF?

094: Talk is Cheap, Show Me the Check

EHow do you source deals to grow your multifamily business to own 6,000 units in just six years? It’s all about relationships! I’m talking to Michael Becker, principal at Strategic Property Investment (SPI) Advisory. He handles all aspects of property operations, from accounting and asset management to capital improvement/renovation projects and taxation. Topics on Today’s Episode: Borrower vs. Lender: Michael’s transition to finding his own multifamily deals All Work, No Play: Michael’s motivation to experience life before it’s too late Principal Perception: Build and leverage relationships and capital for projects Property Process: Assemble team, balance deals with loans, and run projects Lingo and Language: Education comes before building, establishing relationships How to source a deal? It’s all about the relationship and getting to know others Biggest Risk for New Operators: Being under-capitralized for long-term holds that impact cash flow Crystal Clear Role: Make money by finding deals and money; everything else is noise Go with Your Gut Feeling: Even if you need the money, walk away and say, ‘No!’ Get Real to Grow: Know where you are, what you know, where to start, and who you know to win deals Links and Resources Mentioned: Old Capital Podcast with Michael Becker SPI Advisory Institutional Property Advisors (IPA) RealPage Fannie Mae Freddie Mac Edward Jones Automated Clearing House (ACH) Schedule K-1 (Form 1065) RingCentral Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes by Michael Becker: “I had a lot of relationships. I had a lot of experience. I just wasn’t using those to the best of my capability.” “I get to spend a week in Germany going to Oktoberfest in lederhosen with some of the most powerful apartment brokers in Dallas and Fort Worth.” “It’s really simple. People do business with people they know, like, and trust.” “The way that you make money is to go find deals and find money. Everything else is noise.” Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

43 MIN2019 OCT 9
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094: Talk is Cheap, Show Me the Check

093: Education x Action = Results

EToday is the day. If you’re a business owner, you shouldn’t be washing the dishes. Take a chance to add doors in the multifamily space. I’m talking to Jake Stenziano and Gino Barbaro, a.k.a. the pizza guy and drug representative, who came together to create a multifamily real estate investment business that continues to grow and generate cash flow. Welcome to the show, Jake and Gino! Topics on Today’s Episode: 3-Leg Framework: Buy, Manage, and Finance Proof of Concept: Know what you’re doing, buy the right stuff, avoid bad deals Ask for Help: It takes time to make money; success doesn’t happen overnight Key Strategy: Stay away from shiny object syndrome, and commit to remaining focused 3 Whys of Multifamily: Why we get into multifamily? Control Why we win? Commitment Why we continue with multifamily? Create communities Financial Freedom: It’s not all about you, but educating and helping others Future of Multifamily Deals: Start small and progress to $10 million or above Blue Ocean Strategy: Create communities on property management side via phenomenal customer service, reasonable rates, and treat people right Links and Resources Mentioned: Jake and Gino Jake and Gino’s Multifamily Mastery Live (Promo Code: Love Book for 25% off) Jake and Gino’s Podcasts LoopNet Fannie Mae Freddie Mac CMBS Edward Jones Bigger Pockets Chick-fil-a Physician Payments Sunshine Act Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes: “It’s an absolute five-year incubator to get into the money. Once you get there, it just starts to kind of snowball.” Corey Peterson “Being super resourceful and not being ashamed to ask for help and be willing to give up some of the profits to do it.” Corey Peterson “If you’re not creative, and you’re not thinking outside of the box, when you first think you’re an expert, game over, because there’s so much to learn.” Gino Barbaro “Education times action equals your results.” Jake Stenziano Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

33 MIN2019 OCT 2
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093: Education x Action = Results
hmly
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