Best Real Estate Investing Advice Ever

Jim Monk is the founder of Clozzits which he started up after reviewing needs in the multi-family industry for optimized closet space. His goal is to differentiate beyond the normal amenities and tap into a new area of construction development, renovations, and property management. Jim has 2 years of experience in multifamily ownership with 623 units himself but his primary focus has been bringing superior closets to billion-dollar multifamily companies

Jim Monk Real Estate Background: 

  • Founder of Clozzits, Clozzits is dedicated to increasing NOI & overall asset value resulting in immediate rent increase at an average of 2-5% 
  • 2 years experience in multifamily ownership with 623 units 
  • His current focus is optimizing closet space for multifamily companies
  • Based in Dallas, TX
  • Say hi to him at: www.clozzits.com 
  • Best Ever Book: Blitz Scaling

 

 

 

 

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Best Ever Tweet:

“Trust your team” - Jim Monk

Direct download: JF_2330_Jim_Monk.mp3
Category:general -- posted at: 7:00am EDT

Jack is the president and founder of Gelt Financial Corporation and has experience in buying and financing over 10,000 properties and today he wants to share with you all the lessons you must learn to save yourself money in buying or selling properties. Jack was a previous guest on episode JF1675 so be sure to go check his previous episode out when you have time.

Jack Miller Real Estate Background:

  • President and Founder of Gelt Financial Corporation
  • Since founding Gelt, has made over 10,000 loans in excess of $1 billion
  • A previous guest on episode JF1675
  • Based in Boca Raton, FL
  • Say hi to him at www.geltfinancial.com 

 

 

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Best Ever Tweet:

“You don't have to do that many good deals to make a fantastic living, so focus on the best deals” - Jack Miller

Direct download: JF_2329_Jack_Miller.mp3
Category:general -- posted at: 7:00am EDT

Kevin is the CEO of MVP Equities, a multifamily real estate developing company. In high school, he was fortunate enough to have a vocational program where the school would bus the students off-site to build a house from scratch and eventually auction it off for charity. Now he focuses on helping his investors acquire land, entitle, develop, and build for a profit.

Kevin Palka Real Estate Background:

  • CEO of MVP Equities a multifamily real estate developer
  • 18 years of real estate experience
  • MVP focuses on acquiring land, entitle, develop and build.
  • Based in Vienna, VA
  • Say hi to him at: www.MVPequities.com   
  • Best Ever Book: The Road Less Stupid

 

 

 

 

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Best Ever Tweet:

“Find a partner or mentor to work with you on your first project” - Kevin Palka

Direct download: JF_2328_Kevin_Palka.mp3
Category:general -- posted at: 7:00am EDT

Eric purchased his first apartment building at just 18 years of age while still at university. After graduation, in his position as an actuary, he was dismayed to see hundreds of company pension plans being rolled over into 401(k)s shifting the retirement risk to employees. This made him reconsider traditional beliefs about retirement saving. It also made him question his role as an actuary so he joined the lucrative technology industry. A few years later he lost a fortune during the Dot com crash of 2001 and he started looking for ways to earn passive income and stop trading time for money. He started various businesses, including a gourmet sauce company, but eventually came back to his first love of real estate investing and formed MartelTurnkey with his sons. After just four years of rapid success he was able to retire from his day job. Now he wants to share what he’s learned so you don't make the same mistakes he did.

Eric Martel Real Estate Background:

  • Full-time real estate investor for over 4 years
  • Owns a turnkey rental provider; selling 10 properties a month
  • Portfolio consist of 100 units in midtown Memphis
  • Based in Los Angeles, CA
  • Say hi to him at https://martelturnkey.com/

 

 

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Best Ever Tweet:

“Just take action, I think people are waiting and hoping for the greatest deal ever.” - Eric Martel

Direct download: JF_2327_Eric_Martel.mp3
Category:general -- posted at: 7:00am EDT

Today Theo and Travis will be sharing their opinion of the 401(k)aos book written by Andy Tanner, as well as their personal experience with 401k retirement investments.

For Travis, this book was one of the defining moments that helped him determine what kind of investor he’d like to be. Travis shares five bullet points made by Andy Tanner in the book and his personal takeaways.

We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. 

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Direct download: JF_2326_Actively_Passive_Investing_Show_24.mp3
Category:general -- posted at: 7:00am EDT

In today's Syndication School episode, Theo Hick discusses the best 20 markets to buy multifamily properties. He also shares the 3 rules that will keep your investments safe and sound no matter the current state of the economy. As long as you’re buying right, your deals will be well-maintained even during the time of economic uncertainty.

 

Theo based his list of 20 trending markets on the annual report put together by PWC and the Urban Land Institute. Over 3000 real estate professionals have been interviewed in order to put together an in-depth report.

 

To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. 

Click here for more info on groundbreaker.co 

Direct download: JF_2325_SS_175_Series_109.mp3
Category:general -- posted at: 7:00am EDT

Ron is a full-time wholesaler with 20 years of experience with a portfolio consisting of 10 rentals and has completed over 4,000 deals since 1999. Prior to finding his calling as a wholesaler he was an auto mechanic and ended up hurting his back. While he was recovering from his back surgery he started to look into real estate and now the rest is history.

Ron Walraven Real Estate Background:

  • Full-time wholesaler
  • 20 years of real estate investing experience
  • Portfolio consist of 10 rentals and has completed over 4,000 deals since 1999
  • Currently wholesales 150+ a year
  • Based in Troy, MI
  • Say hi to him at https://waymarkhomes.com/

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Best Ever Tweet:

“To be diligent and not to give up” - Ron Walraven

Direct download: JF_2324_Ron_Walraven_.mp3
Category:general -- posted at: 7:00am EDT

Ragan Mckinney started her own brokerage in 2019 and for the year was named The Southern Ohio Association of Realtors “Top Sales Team”. Along with being recognized for having the most sales as a team, Ragan McKinney Real Estate was also awarded the Platinum award for the fourth year in a row. In the past 5 years, Ragan has been involved in over 600 real estate transactions and is focused on growing her business and becoming the local one-stop spot to service anyone's real estate needs. 

 

Ragan Mckinney Real Estate Background:

  • Full-time real estate investor and broker 
  • Has been investing for over 20 years
  • Portfolio consist of 19 rentals, 1 vacation rental, and has flipped 11 properties a year 
  • Based in Hamersville, OH
  • Say hi to her at www.raganmckinney.com 

 

 

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Best Ever Tweet:

“Don’t fix them as if you’re going to live in them forever” - Ragan Mckinney

Direct download: JF_2323_Ragan_McKinney.mp3
Category:general -- posted at: 7:00am EDT

Matthew Ryan is a social entrepreneur, founder of Re-viv, which addresses the market inefficiencies in community revitalization efforts. Matthew was on the show before on episode JF1593 so be sure to go and check it out to learn more about his background. Today Matthew will be diving into “the what, why, and how of co-living”.

 

Matthew Ryan  Real Estate Background: 

  • A social entrepreneur, founder of Re-viv, which addresses the market inefficiencies in community revitalization efforts
  • Primarily focuses on the multifamily value-add and development space in distressed areas
  • A previous guest on episode JF1593
  • Based in San Francisco, CA
  • Say hi to him at www.re-viv.com 

 

 

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Best Ever Tweet:

“The best way to think about co-living is monetizing an existing market” - Matthew Ryan

Direct download: JF_2322_Matthew_Ryan.mp3
Category:general -- posted at: 7:00am EDT

Kevin started his journey down the real estate road by reading “Rich Dad, Poor Dad”. He left his full-time W2 in tech sales in September 2019 and is now a full-time real estate investor with 7 years of investing experience. He now has a portfolio that consists of 25 rentals and is a general partner in a 208 unit deal. He is currently the managing partner of Altus Investment Group, a fast-growing private equity firm with 35AUM that specializes in acquiring,  repositioning, operating, and selling residential and commercial properties that are underperforming.

Kevin Dugan Real Estate Background:

  • Left his full-time W2 tech sales job in September 2019 and is now a full-time real estate investor
  • 7+ years of real estate investing experience
  • Portfolio consist of 25 single-family rentals, 208 unit General Partnership side, and Limited partnership
  • Based in Los Angeles, CA
  • Say hi to him at: www.altusig.com 

 

 

Click here for more info on groundbreaker.co 

Best Ever Tweet:

“People should buy based on how much cashflow a property will produce” - Kevin Dugan

Direct download: JF_2321_Kevin_Dugan.mp3
Category:general -- posted at: 7:00am EDT