Accelerated Real Estate Investor Accelerated Real Estate Investor Podcast

About the Guest(s):
Corey Peterson is a seasoned real estate entrepreneur and the owner of Kahuna Investments. Known affectionately as the "Big Kahuna," Corey has built a portfolio that specializes in multifamily and student housing properties, spanning over seven states. With a diverse real estate investment portfolio, Corey believes in the power of affecting positive change in people's lives beyond generating profits. He has recently transitioned into vertically integrated property management, emphasizing company culture and operational efficiency within his investment approach.

Episode Summary:
In this invigorating episode of the Accelerated Real Estate Investor podcast, host Josh welcomes the dynamic Corey Peterson back to share his invaluable insights into managing a flourishing real estate venture during turbulent times. Corey provides a candid look into how recent economic shifts influenced his property management strategy and led him to take an integrated approach to his business. Following the warm exchange of greetings and updates, Corey delves into the recent market situation, their roller-coaster experience in the last few years, and the excitement surrounding their latest property acquisition through auction. He describes the strategic location of this acquisition and its benefits for student housing proximity to a college campus. Furthermore, Corey elaborates on his vertical integration move, the impact of people and company culture on his business, and his approach to inculcating his core values within his team.

Key Takeaways:
Vertical Integration: Corey Peterson has taken the bold step of vertical integration by taking over property management for his investments, believing this move aligns better with his goals and has greatly contributed to operational efficiency and organizational culture.
Investment Strategy: Despite previously owning properties in various locations, Corey is now focused on growing his presence within the states he currently has investments, particularly within the student housing sector.
Company Culture: Emphasizing people over profits, Corey discusses the importance of building a strong company culture and fostering the right team dynamics, highlighting how this leads to better business outcomes.
Mitigating Expenses: By managing properties in-house, Corey has significantly cut costs on property turnover, citing an example of how self-management saved him over $200,000 compared to third-party management costs.
Market Outlook: With economic factors currently priced into the market, Corey sees opportunities for acquisition. He stresses the importance of cash flow and believes that if a deal pencils out now, it sets up for potentially even better returns in the future.

Notable Quotes:
"Making a difference in people's lives. Now, that gets me juiced."
"Their Google-ness has to be strong in our company… because we're not looking for robots here."
"Making money is no longer… I don't care about that part."
"We're trying to become a company of systems and solutions that ultimately is going to help us get there faster."
"I'm buying for cash flow today. I will always be a cash flow investor."

Resources:
Corey Peterson's book "Trust but Verify: Passive Investors Guide to Valuing Real Estate Syndicators"
To receive Corey's book for free: Text 'book' to 480-500-1127
Corey Peterson's company: Kahuna Investments (www.kahunainvestments.com)


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STRATEGIC REAL ESTATE COACH is dedicated to giving real estate investors and agents the best, most up to date resources, training, tools, techniques, ti

Josh: A seasoned multifamily real estate investor and the host of the Forever Passive Income Maverick Mastermind, Partnering, and Coaching Program and Accelerated Real Estate Investor Podcast. With decades of experience in the industry, Josh has successfully invested in numerous multifamily properties and has a deep understanding of the ins and outs of the market.



Episode Summary:In this episode, Josh Cantwell discusses the importance of building a strong network of professionals in the real estate industry. He emphasizes the need to connect with commercial real estate brokers, CPAs, property management companies, contractors, and other key players in order to succeed in the business. Josh shares his own experiences and provides valuable insights on how to find and network with these professionals. He also highlights the significance of scale and the importance of raising capital to expand one's real estate portfolio.


Key Takeaways:Building a network of real estate professionals, including brokers, CPAs, property management companies, and contractors, is crucial for success in the industry.Commercial real estate brokers are key players in finding deals and analyzing markets. Networking with them can provide valuable insights and opportunities.CPAs and accountants specializing in real estate accounting are essential for tax planning and managing finances in the industry.Property management companies play a vital role in managing properties, handling tenant issues, and providing valuable insights on market trends.Contractors are necessary for property renovations and maintenance. Finding reliable and skilled contractors is essential for successful real estate projects.


Notable Quotes:

"The real estate brokers all know each other. And you know what? In the commercial world, because there's a lot less deals and the deals are so much bigger. The real estate brokers all know each." - Josh Cantwell

"Your CPA should do tax planning. So as you get into Q four right now, it's September. So when you get into October, your CPA better be calling you and suggesting that you have a year-end tax planning meeting." - Josh Cantwell

"The property management companies are already aligned with the real estate attorneys that can do all the notices that can do all the evictions." - Josh Cantwell

Resources:

Apply for coaching here https://bit.ly/2N7ivRm

Subscribe to our YouTube Channel: http://www.youtube.com/user/SRECvideo?sub_confirmation=1

Episode Summary:

In this episode, Josh discusses the nine commandments of multifamily investing. He emphasizes the importance of investing for immediate cash flow and highlights the concept of the "promote" in syndication deals. Josh also shares insights on securing long-term debt, having adequate cash reserves, and the significance of location in real estate investments. He concludes by stressing the need for multiple exit strategies and always getting paid when buying a property.

Key Takeaways:


Invest for immediate cash flow, focusing on generating income in the present rather than relying solely on long-term appreciation.


Be all in for 70% of the future value of the property to ensure a favorable return on investment.


Secure long-term debt with minimal prepayment penalties to avoid potential financial risks.


Maintain adequate cash reserves to cover expenses and unforeseen circumstances.


Partner with experienced operators to increase the chances of success and navigate complex deals.


Choose locations in the Midwest, South, and Southeast for stable and landlord-friendly markets.


Have multiple exit strategies to adapt to changing market conditions and maximize returns.


Always negotiate an acquisition fee to compensate for the time and effort spent on finding and analyzing deals.



Notable Quotes:


"Invest for immediate cash flow. Make sure you know when your deal will cash flow."


"Be all in for 70% of the future value. That's the sweet spot."


"Secure long-term debt with minimal prepayment penalties. You want to keep that loan on your books."


"Have adequate cash reserves. You want to have six months' worth of expenses in reserve."


"Partner with experienced operators. They can help you win deals and navigate complex transactions."


"Choose locations wisely. The Midwest, South, and Southeast offer stable and landlord-friendly markets."


"Have multiple exit strategies. Don't rely on just one plan."


"Always negotiate an acquisition fee. You deserve to be compensated for finding a good deal."



Resources:


Maverick Multifamily Mastermind


Forever Passive Income Podcast

About the Guest(s):
Taylor Loht is a real estate investor and educator who specializes in teaching busy professionals how to build passive wealth through real estate investments. With over $250,000,000 in commercial real estate experience, Taylor focuses on self-storage and multifamily investments. He is based in Virginia and has a strong track record in the industry.

Episode Summary:
In this episode, host Josh invites Taylor Loht to discuss passive real estate investing and strategies for success in the current market. They delve into the state of the market, the impact of rising interest rates, and the potential for distressed transactions in the multifamily space. Taylor emphasizes the importance of focusing on what can be controlled, such as building relationships and maintaining a strong network. He also shares his personal investment strategies and preferences, including investing in B to B+ class multifamily properties and major markets like Dallas and Houston. The conversation highlights the significance of realistic underwriting, responsive investor relations, and aligning interests with sponsors. Taylor also touches on the benefits of his passion project, Brazilian Jiu-Jitsu, and how it contributes to his overall success.

Key Takeaways:
The market conditions may fluctuate, but experienced real estate investors focus on building relationships and maintaining their business foundation.
Investing in major markets like Dallas and Houston can provide stability and favorable landlord-tenant laws.
Sponsors' track records and experience in the market are crucial factors to consider when evaluating investment opportunities.
Unresponsive investor relations and unrealistic update or upgrade time frames can be red flags for passive investors.
Unrealistically high return projections and unreasonable sponsor compensation should be carefully evaluated to ensure alignment of interests.
Notable Quotes:
"Newbies oftentimes remain newbies and don't do deals because they're looking for a reason to sit on the sidelines and not take actions that they can take." - Taylor Loht
"The tenant experience is really what is going to always drive your success in multifamily." - Taylor Loht
Resources:
Taylor Loht's website
The Passive Wealth Strategy Show
Listen to the full episode [here](insert link) for more insights and valuable information on passive real estate investing and multifamily strategies in today's market. Stay tuned for future episodes of Accelerated Real Estate Investor for more expert interviews and industry updates.

Apply for Coaching:
https://joshcantwellcoaching.com

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Visit our blog: http://www.strategicrealestatecoach.com


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STRATEGIC REAL ESTATE COACH is dedicated to giving real estate investors and agents the best, most up to date resources, training, tools, techniques, tips, videos, news, interviews and insider information on today's best strategies and techniques for real estate investing in today's troubled market. This includes marketing for motivated seller leads, wholesaling, rehabs, rentals, foreclosures, pre-foreclosures, REO's, short sales, raising funding and financing, asset protection, internet marketing, real estate investing for beginners, and much much more, including teaching how to make money in real estate and how to become a real estate investor.

About the Guest(s):
Marcos Martinez is a real estate investor and co-founder of Westiron Capital. With over eight years of experience in the industry, Marcos has successfully transitioned from wholesaling to apartment building syndication. He is passionate about creating passive income and helping others achieve financial freedom through real estate investing. Marcos is also the head of Westiron Construction, where he oversees the capex side of projects in the Denver metro area. He is known for his strong work ethic, attention to detail, and commitment to building meaningful relationships within the industry.

Episode Summary:
In this episode, Marcos Martinez shares his real estate journey and how he transitioned from wholesaling to apartment building syndication. He discusses the importance of surrounding yourself with the right people and the impact of joining a mastermind group. Marcos also highlights the key qualities that attracted him to Josh Cantwell's leadership team and the value he has gained from being a part of the Forever Passive Income Maverick Mastermind. He provides insights into his current projects and partnerships, including his role as the Director of Acquisitions for CPI Capital. Marcos emphasizes the significance of patience, grace, and building passive income for long-term success in real estate investing.

Key Takeaways:
Marcos Martinez's real estate journey began with the intention of opening a restaurant, but a conversation with a childhood friend led him to discover wholesaling real estate.

He joined Josh Cantwell's Forever Passive Income Maverick Mastermind in 2020 and has formed valuable relationships within the group.

Marcos emphasizes the importance of patience, grace, and trust in the real estate investing journey, especially during challenging times.

He is currently focused on acquiring apartment buildings in Florida, Colorado, and other Sunbelt states through Westiron Capital and CPI Capital.

Marcos encourages investors to read books that promote personal growth and mindset development, such as
"The Power of Now" by Eckhart Tolle and "The Seven Habits of Highly Effective People" by Stephen R. Covey.

Notable Quotes:
"Patience and grace are essential in real estate investing. Don't give up right away, but stay within it and be around the right people." - Marcos Martinez

"Surround yourself with the right people, whether it's through a mastermind group or finding one person who is living the life you want to live." - Marcos Martinez

"Josh Cantwell is 100% real and down to earth. He shares his testimony and has high values, making him a great leader in the industry." - Marcos Martinez

Resources:
Westiron Capital: westironcapital.com
Westiron Construction: westironconstruction.com
Subscribe to our YouTube Channel: http://www.youtube.com/user/SRECvideo?sub_confirmation=1

Subscribe to our Podcast: https://itunes.apple.com/us/podcast/strategic-real-estate-investor/id570750792?mt=2

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In this episode, Josh discusses the different types of apartment syndications, focusing on value-add properties. He explains that value-add deals involve buildings that are not fully stabilized and have rents below market value. These properties require cosmetic updates, such as painting and flooring, but do not require major structural work. Josh emphasizes that value-add properties are typically located in B and C class markets, which offer great potential for growth. He also briefly touches on turnkey cash flow deals, which are properties that are already at market value and do not require significant renovations.

Lastly, he mentions deep construction or distressed properties, which are not recommended for newer investors due to the high level of renovation and the need for bridge financing.


Value-add properties are buildings that are not fully stabilized and have rents below market value.


These properties require cosmetic updates, such as painting and flooring, but do not require major structural work.

Notable Quotes:



Value-add properties are typically located in B and C class markets, which offer great potential for growth.


Turnkey cash flow deals are properties that are already at market value and do not require significant renovations.


Deep construction or distressed properties require extensive renovations and are not recommended for newer investors.




"Value add means the building is not stabilized, the rents are below market value, and it needs just cosmetic updates." - Josh


"Turnkey cash flow deals are great if you have a 1031 exchange or limited partners with a longer time horizon." - Josh


"Deep construction or distressed properties require a highly capable contractor and bridge financing." - Josh




Josh's Website


Fannie Mae


Freddie Mac


HUD



Key Takeaways:Notable Quotes:Resources: