BPAP 48: Achieving Financial Freedom with Multifamily Investing with Michael Blank
Brain Pick a Pro Podcast
English - February 22, 2019 01:11 - 35 minutes - 41.1 MB - ★★★★★ - 5 ratingsInvesting Business Careers realestate realestateinvesting business investing cashflow entrepreneurship finance marketing entrepreneur interview Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Michael Blank is a full-time entrepreneur, investor, author, coach, and leading authority on apartment investing in the United States. He has helped students buy over 2, 000 units in multifamily investing. He is passionate about helping people become financially free in 3-5 years by investing in apartment building deals with a special focus on raising money.
Through his investment company, Nighthawk Equity, he controls over $24 million in performing multifamily assets all over the United States and has raised over $6 million. He is also the author of the new best selling book, "Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate – Even Without Experience or Cash.”
Topics:
Who Michael Blank is
How he got started in real estate
The reason he wrote his book
The law of the first deal
Why he prefers multifamily over single family
Who multifamily or apartment investing is for
Getting started with apartment investing
2 major things one should overcome:
lack of experience
lack of money
Using the right language
Building a team around you
Raising money proactively
Finding deals
Capitalization rate
Different cap rates
Buy and sell investor versus buy and hold investor
Different classes of properties
Finding a good property manager
His thoughts on student housing
Steps you need to do in the first 90 days
Quotes:
"It doesn't really matter what size you start up."
"Using the right language which you get through the education."
"You can do stuff without having your own cash."
"Real estate is a numbers game."