Multifamily Masters Podcast: Recent Episodes
Tomás Fonseca
Welcome to the Multifamily Master Summit Podcast, where your host Tomás Fonseca will interview industry experts and cover the A to Z of Multifamily Investing.
Multifamily can count on a multitude of benefits but also has an important knowledge base behind it. That’s why we are putting the know together with the how.
Tune in every week and join the passive boat on the way to financial freedom. If you are ready to pump up your Multifamily game, this podcast is for you! Brought to you by the masters in real estate marketing, Ardor SEO.
Jen Nielsen started investing and is currently the key principal on 82 apartment units in New Mexico and Colorado in 2016. After the success as a KP. He recently branched out to raise money as a GP for several syndications and was able to raise over $1.5M in 2019 alone.
Mr. Nielsen also passively invested in 14 syndications/private investments, spanning over 800 apartment units, 2000 mobile park lots and over 6000 storage units plus mortgage note funds and private money lending.
Today, his mission is to get more people to invest in private placements for strong cash flow and equity growth. With a little coaching and encouragement, you’ll realize that there is no perfect time to invest in real estate, and the best time to get started is NOW.
Highlights of the Episode:
01:25 - Background of the guest
06:06 - Balancing W2 jobs with real estate
10:18 - Job Security
12:24 - Rat Race
14:36 - Getting out of the rat race
16:04 - Why choose MultiFamily in real estate
19:30 - Raising Money
22:07 - From mentee to a mentor
26:20 - Canfield Success Principles
28:42 - Important mistakes made
31:15 - One advice for the listeners
Notable Quotes:
“Becoming aware of what’s important to you, becoming aware of where you should start to say no is also really important in order to not overwhelm yourself.” - Jens Nielson
“The best referral you can have is producing good results.” - Jens Nielson
Connecting with the Guest:
Website: https://opendoorscapital.com/
Facebook: https://web.facebook.com/Open-Doors-Capital-319524525587529/
LinkedIn: https://www.linkedin.com/in/jens-nielsen-multi-family-real-estate-coach/
Connecting with Multifamily Masters Podcast
YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/
LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit
Website: https://realestatemasterssummit.com/
Success
MultiFamily
RealEstate
Arn Cenedella, the founder of Spark Investment Group, is a real estate expert with more than four decades of experience, including 35 years as a Realtor navigating the unique real estate landscape in Silicon Valley, CA.
During that time, Arn invested in real estate ranging from single-family homes and fix-and-flips to land subdivisions and condominium conversions to commercial multifamily properties.
Through these experiences, he developed a passion for helping others achieve their own financial freedom through investing in multifamily real estate syndications.
Through Spark Investment Group, Arn is putting his decades of real estate expertise to work for his clients, helping them reach their goals and attain the lives they’ve always wanted to live.
Highlights of the Episode:
01:32 - Background of the Guest - Multifamily journey
06:05 - Definition of Retirement
07:58 - Leveraging experience for success
11:25 - Keeping up with the cycles and trends
14:18 - Overcoming some factors in the cycles
20:05 - Transitioning to Multifamily - challenges
24:49 - Playing golf and building relationships with the broker
26:43 - Diversifying your portfolio into different assets
30:50 - Spark Investment Group
34:35 - Perks of becoming a passive investor
39:29 - What area Arn needs to improve? - Systems and Delegating
42:43 - One piece of advice
43:41 - Connecting with the Guest
Notable Quotes:
“It’s not really work when you enjoy what you do.” - Arn Cenedella
“With passive investing, you don’t have to put all your eggs in one basket.” - Arn Cenedella
“Creating the income allows anybody to live the life they want or at least the passive income gives them the freedom to do whatever they do.” - Arn Cenedella
Connecting with the Guest:
Website: https://investwithspark.com/
Email: arn@investwithspark.com
Phone Number: 650-575-6114
Connecting with Multifamily Masters Podcast
YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/
LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit
Website: https://realestatemasterssummit.com/
Transition
Invest
Multifamily
Bill Ham is the CEO of and the driving force behind Broadwell Property Group. He has upwards of 20 years’ experience in Real Estate with a proven track record of identifying, acquiring, operating, and divesting of large footprint Multifamily Housing. He can be seen and heard on countless podcasts and webinars as well as standing on stage giving presentations at trade shows and other forums both online and off.
Ham is a Real Estate Entrepreneur, a sought-after speaker, an author, and an operator but his real passion lies in education. He has been a coach and mentor to the future titans of Multifamily. Over the years, he has counseled hundreds of students who have gone on to close countless millions of dollars in their own deals, many crediting Bill with their success.
Bill was born and raised in Middle Georgia where he honed his craft, opting to move to the big city of Atlanta in 2015 to expand his reach. He has a wife, Yvonne, and two dogs Jake and Lola. He loves gardening, water skiing, and hiking.
Highlights of the Episode:
02:11 - Background of the Guest
04:10 - Educating yourself first
07:00 - Important Tip - failures from your mentor/teacher
08:45 - Creative Cash Book
12:49 - Creative financing
15:40 - Master Lease Options
16:47 - SPY (Seller Property You) Technique
19:22 - Three pillars of real estate
22:23 - Performance and the Fixed of master lease
26:15 - Proving a good deal
28:44 - Finding the right seller
34:40 - What if the buyer stops paying
36:41 - Approaching the seller
41:30 - What’s next for the guest?
Notable Quotes:
“Focus on the failure of your teacher.”
“90% of a good deal is the seller, only 10% is the real estate.You can have the best deal in the world and if you have an unwilling seller, you’re not going to have anything done.”
Connecting with the Guest:
Website: https://realestateraw.com/
LinkedIn: https://www.linkedin.com/in/billhamrealestate/
Instagram: https://www.instagram.com/billham_realestate/
Facebook: https://www.facebook.com/billhamrealestate
Youtube: https://www.youtube.com/channel/UC7m3z0JzC4JDrjHExoImmAw
Connecting with Multifamily Masters Podcast
YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/
LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit
Website: https://realestatemasterssummit.com/
success
mentorship
realestatetips
Jennifer is the founder of Lighthouse Ventures, a private equity real estate investment firm. She’s a real estate investment specialist with her genius in rehabbing, wholesale and release options, and buy and hold rental properties. Her passion is investing in Multifamily commercial buildings in emerging markets or gentrifying areas.
Highlights of the Episode:
01:42 - Background of the Guest
08:04 - Mentee becomes the mentor
09:29 - Investing in other neighborhood - Emerging Markets
12:10 - Finding the right neighborhood at the right time
14:55 - Importance of watching zip codes regularly
18:49 - Community Cons to consider in an area
22:59 - Opportunities that improve your life
27:59 - Working from home in Real Estate
32:12 - Real Estate as the path of creating a general wealth
34:25 - Why having an exit strategy is important
40:20 - BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat)
46:08 - Waiting period from doing the BRRRR strategy
51:15 - Advice for the listeners - Nothing is too hard that you can’t overcome it
Notable Quotes:
“The people who rise to the top, they also haven’t built the foundation that you need to sustain that growth. So you always just want to be careful that your growth is methodical and you’re learning as you go and you’re not just trying to get to the top quickly. There’s never any overnight success.”
“Anything worth pursuing takes time.”
“If you stick with anything long enough, you’re going to have success. You just can’t give up on yourself.”
Connecting with the Guest:
Website: https://www.lighthouse-ventures.com/
LinkedIn: https://www.linkedin.com/in/jennifer-barner
Instagram: https://www.instagram.com/jenbarner/?hl=en
Facebook: https://www.facebook.com/LighthouseVenturesKC/
Email: jennifer@lighthouse-ventures.com
Connecting with Multifamily Masters Podcast
YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/
LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit
Website: https://realestatemasterssummit.com/
Charles Seaman’s primary focus as a Senior Acquisition Manager and Asset Manager is to locate high-performing multifamily real estate deals throughout the Southeast region of the U.S.
He is responsible for performing all of the company’s initial underwriting and analysis of these deals, which ultimately determines whether or not the deal will be a good fit for the company.
Finally, Mr. Seaman is also involved with contract negotiation and capital raising to make sure that the deals close, remaining involved after closing to manage the assets so that they perform in a manner that provides investors with exceptional returns.
Charles is also a host of a FREE underwriting session on ZOOM every Saturday at 4:00 PM EST. Don't forget to join his sessions and bring along a friend.
Highlights of the Episode:
01:55 - Background of the Guest
05:41 - Learning how to underwrite
07:10 - Underwriting - Outsourced or Insourced?
08:49 - Underwriting a deal to a multifamily acquisition
11:47 - Market Conditions
13:27 - Underwriting and Asset Management
15:25 - Process of Underwriting Deals
18:40 - Advice for people who are looking for high performing deals
19:17 - Build broker relationships
22:53 - Skills that someone needs to reach the level of relationships
24:29 - Presenting yourself to a broker
28:05 - Know more about the guest
Notable Quotes:
“If you’re just starting out, and funds are limited then it’s probably better to learn how to do it yourself or getting a partner that can do that. So keep in mind we all have unique skill sets where there are a lot of things we’re good at and things that we’re not.”
“You always want to be conservative with your Underwriting and one way to do that is to show a higher terminal Cap Rate than whatever your acquisition Cap Rate is. Your Cap Rate is going to be a measurement of what deals are selling for that area.”
“If you want to be successful with anything in life, you have to get used to failing on a regular basis.”
Connecting with the Guest:
Phone: 347-306-3278
Email: charles@investorboardroom.com
LinkedIn: https://www.linkedin.com/in/charles-seaman-90b9b932
Facebook: https://web.facebook.com/charles.seaman.31?_rdc=1&_rdr
Website: www.investorboardroom.com
Connecting with Multifamily Masters Podcast
YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/
LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit
Website: https://realestatemasterssummit.com/