I have been training, teaching, mentoring multifamily investors for over a decade and I always talk about how nice multifamily investors are as people. Doug Benson and his lovely wife Debby are case studies in why I say that. Meet one of my oldest students, Doug, and learn how he buys value-add apartments with other people's money, rehabs them, turns them, refinances the people out and owns them himself lock, stock and barrel, all while remaining one of the nicest guys I have ever met!

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Nice Guys Finish First in Multifamily Round 2 with Doug Benson

Doug had been working in IT until he left his job in 2017 to go full-time in managing and owning multifamily properties. While Doug left his job in 2017, Doug and his wife Debby have been owning multifamily properties since 2004. The first property they bought was a...

Another member of the nice guy hall of fame is MFIA Owner Forum member, Mike Butler. As one of the charter members of the Owner Forum, Mike has been with me from the start. He's a Physicians Assistant and when I spoke to him, he was still in his scrubs at the hospital. Listen to the story of his most recent deal and how he got it done THE RIGHT WAY! 

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Nice Guys Finish First in Multifamily Round 1 with Mike Butler

Mike is a doctor from the Philly area. Mike had done around 20-25 single family rentals and flips. But he knew that he needed other forms of cash flow to come in. Mike's a doctor, so I'd consider him smart. And as a smart person, he understands that real estate is not a quick rich business, but he was going to figure out how to bring in more cash flow. 

When Mike first got started in...

How would you like to hear two seasoned multifamily investors talk about their past experiences? That's exactly what happens in today's episode with Jeff Greenberg. We talk about everything from our first deals all the way to our worst deals!

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Two Multifamily Investors Were Walking Down the Street . . . 

When I talk with Jeff Greenberg, I feel as though I'm talking with an old friend of mine. Jeff was an original student of mine. He first became my student in 2009 and ultimately, made his first deal in 2010. 

Jeff owns 300 student housing units in various locations around the country. He also recently closed on 225 units in Amarillo, TX. While I don't prefer to invest in Texas, Jeff likes to call it the landlord friendly state. 

Over the course of the episode, we talk back and forth between our first deal and our...

It's no secret that if you want to build massive wealth one of the easiest ways to do it is through multifamily investing. Today's guest, Seth Ferguson had been investing in single family home but learned that if your tenant moves out you no longer have an income stream until you find your next tenant. Whereas with multifamily investing you have multiple streams of income to help minimize the loss from a vacancy. Seth will walk you through how he went from investing in single family home to multifamily properties. 

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Making the Big Move - Single to Multis

Before Seth started as a real estate investor, he was on the brokerage side as an agent. Seth quickly learned as an agent that when...

As a real estate investor, you're always looking for ways to save money and generate more cash flow. Today's guest, James Liechty will walk you through how he helps his clients use cost segregation to save millions. 

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Cost Segregation Made Easy for Multifamily Investors

To start, you may be asking yourself what cost segregation is. Cost segregation in the simplest terms is the acceleration of depreciation. Accelerated depreciation is good because it helps you pay a lesser tax to the IRS. It makes sense to do a cost segregation when you can make additional deductions. However, when you're a passive investor your deductions are limited. 

When does it make sense to do a...

You may think that in order to become a successful real estate investor, you have to start in your 20's or 30's. Today's guest, Rennie Gabriel proves that to be wrong. Rennie was flat broke when he was 50, even having to use a coupon to buy a burrito for his wife. I'm proud to say that today, Rennie is financially free and can live however he chooses. Listen to today's episode below to learn how to build a multifamily investing empire from nothing.

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Rags to Riches in Multifamily

Rennie has quite a unique story. I first met him when I was out in Southern California. Since then he's become a great friend of mine and someone who proves that it doesn't matter your age, you can build wealth on...

While I've heard some unusual ways to raise money to invest in multifamily properties, my guest Larry Goins has the story that tops them all. Larry was able to generate cash from real estate day trading that allowed him to invest in multifamily properties. Larry story is one that defines that it doesn't matter where you start, all that matters is where you end. 

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Day Trading for your Multifamily Real Estate Business

The first thing Larry mentions when it comes to real estate day trading is that you always have to be generating leads. The more leads you generate the greater chance you have of finding a property that works. One way Larry generates leads is through direct mail. 

Once...

In the world of multifamily investing, there are certain rules that you should follow. These rules are tried and tested. In today's episode, I speak with Bob Damigella on the seven rules of multifamily investing. 

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The Seven Rules of Multifamily Real Estate

• Rule 1: The biggest lie in multifamily is the asking price 
• Rule 2: Life's too short to buy "C" class properties
• Rule 3: Owning multifamily property changes your life 
• Rule 4: You can fix anything on a multi-family property except overpaying for it - NEVER OVERPAY
• Rule 5: You can find deals in your own backyard
• Rule 6: Always remain in control of the deal
• Rule 7: If you’re not making offers then this nothing...

Charles examines an Owner Forum member's CFA and delves into how to structure Debt Financing.

Charles had his students send him over property packages of deals they are currently working on.  He then chose one and analyzed it live during his weekly Owner Forum Coaching Call.

This Vlog gives a summary of his tips for analyzing a deal. 

For example,  Never, never, never share your analysis of a deal with the broker!

I received an email from a potential student with a bunch of questions trying to figure out why the MFIA Owner Forum was a different type of coaching/consulting/mentoring program for real estate investors looking to own apartments. I figured that if I responded, he would just take anything I said as a sales pitch, so instead, I put it out there to my students and here is what one of them came back with . . . . . 

“Charlie forwarded your email below over so I thought I would jump in and answer your questions to the best of my ability as a student of his.  

“First, a little background on me...I was working a corporate job and investing in real estate on the side, but couldn't get over the hump into the bigger properties.  I left my job to take the plunge full-time investing in 2013, and at that point, had a vacation rental, a single-family townhouse rental and a 10-unit multifamily.  That may sound like a lot, but believe me, it wasn't enough for...