#53: The Science of Flipping with Justin Colby

podcast May 06, 2020

Justin Colby is a real estate investor, public speaker, podcast host, and coach. He is the Co-Founder of Phoenix Wealth Builders, a real estate solutions company, specializing in providing opportunities in a variety of areas within the Phoenix real estate market. Justin and I discuss how he got started flipping houses and how he's been able to expand his business to flipping and wholesaling over 1400 properties. 

 

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

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The Science of Flipping with Justin Colby

Justin had been running a real estate brokerage company in Northern California at 26 when he lost everything. He decided he wasn't going to let this moment define him and decided he was going to go all in. Justin moved to Scottsdale, AZ and has been wholesaling and flipping properties there since 2007. 

While Justin has wholesaled and flipped...

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What's My Exit Strategy in a Multifamily Deal?

blog May 05, 2020

Questions to Make Before Making
a Multifamily Offer


by Charles Dobens on March 25th, 2019

What two questions must you be able to answer before you make an offer on any multifamily deal? When my students bring me a deal to review, I always ask these two questions. If they know the answers without giving it a second thought, make the offer. If they can't - MOVE ON!

Here are the two questions you've got to ask yourself when you're analyzing any deal. 

When I get into the Cash Flow Analyzer software and receive the offering memorandum from students, I start looking at it and call them up. As soon as we discuss it, they can't even answer the first question. If they can't answer the first question, most likely they can't even get to the second question. So let me tell you what it is that I'm talking about. 

The first question is, what's my exit strategy? Why am I buying this property? What is it about this property that excites me? If I'm going to sit in front of a group of...

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Power of the Cap Rate in Multifamily

blog May 05, 2020

Power of the Cap Rate

There is one thing that sets the multifamily investing business apart from all others. That one thing is 'The Power of the Cap Rate'. 

by Charles Dobens on November 16, 2019

The way I teach multifamily is different than everything else, everyone else. Because what I say is, multifamily is not real estate. It is not real estate. Let me put it to you this way. 

Let's say Dave owns a 100 apartment complex built in 1986. It has 60 one-bedrooms, 40 two-bedrooms, it has pitched roofs, separate entrances, individually metered. Great property. And Link owns an identical property across the street. Absolutely identical, built by the same builder. The fact that they're across the street has absolutely no meaning whatsoever on the difference in any value, okay? Location is the same. Whose property is more valuable? Link's, or Dave's? 

So we're talking about real estate here guys. So, they're right across the street from each other, which one's more...

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#52: Owning Your Own Property Management Company with Colin Douthit

podcast Apr 29, 2020

Colin Douthit started as an investor and spent 24 months purchasing and managing his own assets. Then he started the management and construction companies to help in servicing their out of state investors. He now manages over 300 doors and has multiple multifamily renovations and repositioning projects in process for investors. Colin and I discuss how you can create your own property management company.

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

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Owning Your Own Property Management Company with Colin Douthit 

Colin had the entrepreneurial bug and after working 7 years in the Engineering field he decided he wanted to do his own thing. Colin quickly had a 7-unit property under contract... but not before he was fired from his job. With a will to win, Colin did what was necessary to make sure he closed on his first property. 

From his first...

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#51: The Future Of Workforce Housing with Scott Choppin

podcast Apr 22, 2020

There are Big Changes Ahead and Scott Choppin is on the tip of the arrow. If you have ever thought about building and developing real estate, you have got to listen to this podcast (especially if you live in California). Scott Choppin is revolutionizing the concept of multifamily with his Workforce Housing Solution. Check it out.

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

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The Future Of Workforce Housing with Scott Choppin

Scott oversees all operations of the Urban Pacific family of companies, including business development, capital acquisition, and strategic planning.

Prior to forming Urban Pacific, Scott was Director of Land Acquisition for the Multi-Family Development Division of Irvine-based Sares-Regis Group. In that position, he was responsible for all land acquisition activities for the development of luxury, market rate and senior rental...

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blog Apr 20, 2020

 

 

Understanding Multifamily Lingo

 “Absorption Rate”

This is what we need to take into consideration when we are doing a value add, kicking people out, cleaning up the units, increasing the rents and putting it back on the market. Find out how to get the absorption rate in that marketplace. You better know what you're talking about especially when you are speaking to your investors!

 

by Charles Dobens on February 17th, 2020

 

You need to know, in your calculations for determining the cost of this value add proposition, what is the absorption rate in that particular community. That's the amount of time it takes for a new unit to be absorbed into the market and by a tenant. 

You have to determine how long it takes for a new unit to be leased up by another tenant. If it sits on the market for four months or if it is showing a four month absorption rate, you've got to figure that into your calculation. 

Once the deal is closed and once...

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#50: What Do You Have When You Have Two Lawyers in a Room? with Jeffrey Love

podcast Apr 15, 2020

What do you have when you have two lawyers in a room? Three Opinions. And this episode is no different. Meet Attorney Jeffrey Love from LA. If you need a California attorney for your deals, Jeffrey is your man! Listen in while we share some war stories from the trenches so that you can learn what mistakes not to make while you are building your empire!

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

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What Do You Have When You Have Two Lawyers in a Room? with Jeffrey Love

Jeff Love is a partner with the law firm Gibbs Giden Locher Turner Senet & Wittbrodt LLP. His practice encompasses all facets of real estate transactions, including drafting and negotiating purchase, sale, syndication, and financing transactions in connection with commercial, industrial, and residential assets. He also regularly drafts and negotiates office, retail, and industrial leases...

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#49: Own Your First Mobile Home Park with Frank Rolfe

podcast Apr 08, 2020

I love real estate investors. They are the most down-to-earth people you will ever want to know. Frank Rolfe is no different. You have got to hear his story about how he got started in this business and has grown to be in the top five in the country of mobile homeowners. I also just threw out there the concept of tiny homes and BOY DID I GET A GREAT EDUCATION!! Check it out!

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

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#49: Own Your First Mobile Home Park with Frank Rolfe 

Frank Rolfe has been an investor in mobile home parks for almost two decades, and has owned and operated hundreds of mobile home parks during that time. He is currently ranked, with his partner Dave Reynolds, as the 5th largest mobile home park owner in the U.S., with over 250 communities spread out over 25 states. But it all began with one mobile home park, Glenhaven, in Dallas,...

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#48: From 0 to 4,000 Units in 10 Years with Paul Worcester

podcast Apr 01, 2020

Every so often in the multifamily business, you meet a true gentleman. Actually, in this business, it is more often than not. In today's webcast, I interview one of the greatest success stories you will ever hear:  Paul Worcester, who went from 0 to 4000 units and then walked away. Find out how his company Simplifyy is transforming multifamily property management through technology. Learn how Paul is changing the way multifamily is done and how he can help you make better offers on your deals! 

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

Subscribe:  Apple | Google Play | Stitcher | Spotify

#48: From 0 to 4,000 units in 10 years with Paul Worcester

Paul was planning on becoming a Pastor, but once he read Rich Dad, Poor Dad he decided to make it his life's mission to becoming an entrepreneur and generating passive income. He burnt the ships and took the leap in 2006 with a 16-unit...

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#47: What It Takes To Create A Syndication Fund with Mike Zlotnik

podcast Mar 25, 2020

Mike Zlotnik is doing something that this industry needs but I have not seen until I had him on my show. I coach people on how to buy multifamily property. I am the best in the business (if I don't say so myself). When it comes to raising private money and syndicating deals, I give some pretty good advice but that is not my area of expertise. Enter Mike. Mike actually coaches people on how to raise private money, syndicate deals and create a real estate investment fund. I think after this podcast, Mike's phone lines will be burning up. 

Listen to all our episodes and leave a review: HERE

Download Podcast: HERE

Subscribe:  Apple | Google Play | Stitcher | Spotify

What It Takes To Create A Syndication Fund with Mike Zlotnik

In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations.  In January 2014, Mike assumed the responsibility of a CEO and has since founded TF...

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