050: Multifamily Motivation: Lawsuits and Lifestyle
Big Mike Fund Podcast
English - December 16, 2019 06:00 - 36 minutes - ★★★★★ - 7 ratingsInvesting Business Careers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today I have the pleasure of talking with Cory Boatright, a marketer, negotiator, and member of Collective Genius Mastermind. Cory’s wisdom, experience, and friendship is greatly appreciated.
Cory and I talk about the ups and downs in the world of investing, business, and entrepreneurship by maximizing your genius zone and strengths and teaming up with the right people. The multifamily space is not a one-man show. It takes a team to get a deal.
Minute Markers:
01:00 - What’s new in the world of Cory on the personal side?
03:30 - What’s new in the world of Cory on the business side?
04:00 - Making more in the multifamily and commercial space through mastermind partnerships
06:54 - The key to finding deals is to find a distressed property or distressed seller
09:35 - Boots on the Ground: Is a good strategy to go local and befriend brokers?
13:15 - Understand the game by building a team with people who have done deals
15:09 - Multifamily Motivation: Lawsuits and lifestyle
16:49 - Property management company will make or break your asset
19:16 - Ignorant Money: Financing makes a difference with low interest rates, high sales price
22:27 - “You never want to over pay just to get the deal.”
24:35 - Million-dollar Difference: Price you agree on via LOI will likely change before closing
25:43 - How to value assets
26:33 - Increase Rents, Decrease Expenses: Two ways to make money in multifamily game
29:30 - Multifamily advantages include cash flow and minimal tax liabilities
33:40 - Reaching out to Cory Boatright
36:40 - Thank you for listening to the Big Mike Fund Podcast
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