Jun 4, 2019
Today, I continue to give you behind-the-scenes pointers of my recent Hawkeye Towers deal that closed in December 2018. The truth is, deals don’t always go perfectly.
Most gurus don’t tell you the truth. However, the goal of this podcast is to give you the truth. Investing is real, and there are risks. Put the right team together to help things go the way they’re supposed to.
Topics on Today’s Episode:
- Hardest part is getting the property to close; then get out of the way
- Follow processes to manage expectations, cashflow, and projects
- Find great management companies and great managers with great systems to make money for you
- Easiest bang for your bucks to make a big difference in property is to change light bulbs to provide a safer environment
- Testament of a Good Deal: Made $45,000 last month and at 87% occupancy
- Goal: 100% occupancy with waiting list by Fall leasing season
- Under Promise and Over Deliver: Strive for the best, but set the floor based on your and your investors’ expectations
- Cash flow expected to go through the roof; rents will be raised 3-7% annually
- Strive for more time and money for a better life and to make a difference
- Corey’s 3 Assets: Belief, determination, and copying
- Listen to your mentors and master their techniques to be successful
Links and Resources Mentioned:
- Multifamily Legacy Podcast on Facebook
- Kahuna Investments
- Why the Rich Get Richer by Corey Peterson
- Cashflow Calculator
- Cashflow HQ
- Sean Terry
Quotes by Corey Peterson:
“Getting them to close is typically the hardest part. Once you get there and operations take over, a lot of the hard work, for the most, is done.”
“I’m there to guide the ship, but I’m not there to make everyday decisions.”
“I’ll take deals like Hawkeye every day. I’ll go through the trials and tribulations. Things happen. But at the end of the day, you’re here to make a difference.”
“It only takes one (deal). The journey is the reward. It doesn’t happen overnight. Success takes work.”
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.