Listen on:
Episodes
Friday Jun 11, 2021
Friday Jun 11, 2021
You could be imagining all sorts of reactions they would have the moment you start talking about real estate investing with them.
Fear of family and friends turning their back on you is real.
That couldn’t be farther from the truth, with someone having a bad past experience with investments involving family and friends.
How about joining me in this Free Flow Friday episode on the Property Profits Real Estate podcast as I teach you how to overcome this fear and turn past failures into opportunities for success?
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Find out how you can come back after you’ve shot yourself in the foot with past investments
Discover how to stage a comeback story after you’ve screwed past investments with family and friends
Learn to be comfortable talking about real estate investing with your family circle and friends
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau’s newest book, called ‘The Money Partner Formula’. Get your PDF version at investorattractionbook.com.
Join me for one of my upcoming live one-day virtual workshops. You can register here: https://investorattractionworkshop.com/
Topics Covered:
01:01 – Overcoming fear of alienating their friends and their family members
01:32 – Reasons people are coming out with in feeling uncomfortable talking about real estate
02:58 – Everybody loves a comeback story
Key Takeaways:
“If you’ve fallen flat on your face in the past, whether it’s through network marketing, or a failed business, or whatever, it can be overcome. And bottom line, I think about it, everybody loves a comeback story.” – Dave Dubeau
“The way to address the fear is just be upfront about it. And you can turn lemons into lemonade.” – Dave Dubeau
“Don’t shy away from your past mistakes; show how they have been stepping stones to get you where you are today.” – Dave Dubeau
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Do you like the show?
Great! Please rate and review it on iTunes.
Tuesday Jun 08, 2021
Tuesday Jun 08, 2021
Sam Bates has been directly involved in the acquisition, development/rehabilitation, operations, disposition, and asset management of over $100,000 in real estate since 2009. Sam focuses on multifamily acquisitions and ground-up development and currently is the GP on 749 units. Sam has a BBA in Finance, an MBA, and an MS in Personal Financial Planning.
In this episode, Sam shares how valuable and competitive multifamily properties are in terms of supply and demand. He advises someone starting out new to keep asking questions because people provide lots of information and to continue networking and building relationships.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find an investment asset class that has a competitive advantage when it comes to supply and demand
Learn how to raise capital from building relationships and setting a good track record
Learn how to do your first big deal even without an MBA education, consulting experience, and even high net worth clients
Resources/Links:
https://www.trinitycapitaltexas.com/
Topics Covered:
00:58 – Why he chose multifamily properties to focus on
02:26 – How did he start off and get to where he is now with development deals
03:57 – His ways of raising capital and how he partnered with someone who has experience in developmental projects
05:58 – With track record set, referrals and testimonials not far behind
06:53 – Raising 10 or 20% more of the required capital
07:24 – Doing real estate in tandem with consultancy work
08:51 – On finally quitting from his two previous jobs and concentrating on real estate
12:21 – Networking and making connections
Key Takeaways:
“Multifamily is a great asset class, just because everybody needs a place to live and the supply and demand characteristics, there’s not enough supply to meet demand.” – Sam Bates
“Every raise I’ve ever done there’s a few people that say they’re going to do it, then they back out. We’ve always raised 10 to 20% more than needed.” – Sam Bates
“There’s so many podcasts and books that you have to get educated or even join a different type of mentorship program that they’ve been with people, or they’ve been through the experience that you’re looking to do and the mentorship programs, they can also recommend different vendors and create your team.” – Sam Bates
“Network constantly. When I was younger, I think that’s one of the mistakes I made. I didn’t start networking until probably 27 or 28 on a regular basis. And they always say your net worth equals your network.” – Sam Bates
“There’s a book called ‘The Go-Giver’, it’s fictional, but I think it’s just a great story of helping people and it’s reciprocated to you in different ways, and just trying to add value to anybody you can will somehow be given back in return to you.” – Sam Bates
“Networking through LinkedIn, or social media is also good and helpful. I used to never get on Facebook. And now I’ve made connections through commercial real estate and Facebook.” – Sam Bates
“I think if I was given any information, just know what you’re talking about. And if you don’t know and you’re new and beginning your real estate career, ask a lot of questions. People love to talk about themselves. So, just be cognizant and be a good listener and ask questions and people provide a lot of information.” – Sam Bates
Connect with Sam Bates:
www.trinitycapitaltexas.com
Facebook
LinkedIn
Twitter
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Jun 04, 2021
Friday Jun 04, 2021
Are you still doing that cold-calling, selling, and pitching like what most salesmen do?
How about having a pleasant grown-up conversation where you’re showing them your deal and allowing them to make an educated decision?
Let’s learn together in this Free Flow Friday episode how to get people to invest with you without going after them.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Find out how to get people to invest with you without you going after them
Learn how to get people pre-educated, pre-motivated, predisposed, and pre-qualified so you don’t have to be in constant cold-calling for nothing
Learn how to be in constant communication with your prospects without having to constantly sell and pitch to them
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau’s newest book, called ‘The Money Partner Formula’. Get your PDF version at investorattractionbook.com.
Join me for one of my upcoming live one-day virtual workshops. You can register here: https://investorattractionworkshop.com/
Topics Covered:
00:35 – Attracting and not chasing capital
02:15 – Don’t be just another salesman trying to sell something
03:06 – How to get people coming to you with their credit cards on hand
04:20 – Applying marketing to attract prospects
Key Takeaways:
“Doing constant, consistent communication, marketing and getting people to put up their hand and say, ‘Hey, you know what, I‘m interested, tell me more.’ Because when they do that, then you’re not having to sell them, you’re not having to pitch them.’ – Dave Dubeau
“The big idea I want you to understand is that yes, it is completely possible. You can attract people to you. And the way to do that is through specifically targeting exactly what you want to focus on” – Dave Dubeau
“Here’s the big idea. Stop, if you’re doing this right now, stop chasing after the money. And let’s start focusing on how to attract investors and their capital.” – Dave Dubeau
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Do you like the show?
Great! Please rate and review it on iTunes.
Tuesday Jun 01, 2021
Tuesday Jun 01, 2021
Gabe Petersen is the host of the internationally ranked real estate podcast, The Real Estate Investing Club, and mobile home and RV park investor based out of Seattle, WA.
In this episode, Gabe lists down the many positive reasons why he prefers mobile homes and RV parks over any other asset classes. Aside from the ROI it provides, you get less of a headache in the maintenance and repairs aspect. The homeowners take care of that. You only have to provide them access to a safe environment, clean water, sewer, and electricity.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find out an investment strategy that has a high demand market for the asset you provide them
Find out why this asset class is a great investment in terms of ROI and time value
Discover the secret sauce to get into these hard-to-find deals
Resources/Links:
https://www.therealestateinvestingclub.com/show
https://www.sellmymobilehomeparks.com
Topics Covered:
01:10 – Advantages of mobile home and RV parks over other asset class
03:55 – A lot more respect, loyalty, and a sense of ownership for buyers
05:33 – Talking about the negative stereotype associated with mobile home parks
07:21 – What his first deal looks like
09:10 – How long ago was his first venture in the mobile home parks
09:48 – The value add done on the mobile home property he bought
12:48 – Ongoing projects on his plate right now
14:06 – More properties he is in the process of closing
15:14 – Resources you can get information and resources about for education and knowledge if you are interested in mobile home and RV parks
17:01 – Ways to find mobile home and RV parks deals
Key Takeaways:
“Society, our culture right now, we need affordable housing, especially in Washington State, there’s just not enough affordable housing. There is not enough supply for the demand that is out there for that affordable housing at the level that we’re providing it.” – Gabe Peterson
“From the investor’s perspective, in terms of ROI and time value, headache — it is a great investment.” – Gabe Peterson
“When you’re talking about how much effort that you have to do to maintain that and to manage it, it’s much less than a stick-built structure. That’s why I like mobile home parks and RV parks, particularly mobile homes. – Gabe Peterson
“When they’re in a mobile home park and they own their unit, they have a little bit more respect for that is their house. They treat it accordingly, they keep it up. They have a little bit more ownership and there’s just more loyalty to the park and the structure than if it were an actual single-family or multifamily property.” – Gabe Peterson
“In terms of how to find deals, you could join our wholesaler’s list, we mark it nationally, anything that doesn’t quite fit our criteria we assigned to somebody else, they can check that out, go to the website, real estate investing club, scroll all the way down to the bottom, it’ll say invest with us. That’s one of the ways to get on our list.”– Gabe Peterson
“If you want to do it yourself, there are basically five things we do to generate leads. The first one is digital marketing, Google ads, Facebook ads, we run that to a website, sellmymobilehomeparks.com. The second one is direct mail to people. The third one is ringless voicemail. And then the fourth one is text blasting. And then cold calling is the last one.” – Gabe Peterson
Connect with Gabe Petersen:
Therealestateinvestingclub.com
YouTube
LinkedIn
Facebook
Instagram
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday May 28, 2021
Friday May 28, 2021
Do you want to know the burning questions prospects ask during investor presentations, so you get prepared how to answer them yourself?
Or do you have pressing issues yourself concerning investor prospects you want to deal with but don’t know how?
Or else, do you want to know how to get your investor prospects to get seriously committed with you?
Join me in this Free Flow Friday episode on the Property Profits Real Estate podcast, and let me help you answer all those pressing questions you want to get off your mind.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from today's episode:
Discover tricks to get the prospects to agree with what you say as you go along with the presentation
Find out how to answer the nagging questions prospects throw at you during the presentation
Learn how to deal with investor prospects having to sign letter of interest and get them committed to you
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau’s newest book, called ‘The Money Partner Formula’. Get your PDF version at investorattractionbook.com.
Join me for one of my upcoming live one-day virtual workshops. You can register here: https://investorattractionworkshop.com/
Topics Covered:
01:14 – The overview and the upfront agreement — how it makes a huge difference in success rates with prospects
01:42 – Demonstrating how to plant seeds in the mind of prospects
02:38 – What’s this trick about nodding your head
05:49 – What’s the number one answer we’re looking for from a prospective investor at the end of your presentation?
06:31 – Showing how to get the other person to commit to giving you a yes or no answer at the end of the presentation
07:59 – What it means to sign on an expression of interest or a letter of intent
13:53 – Why is it still a good idea to have both decision-makers present during the presentation rather than just have a recorded version for any one of them
15:53 – Why do they have to sign the letter of intent when there is no obligation in the first place
18:41 – When to do the pre-screening
18:50 – What if they do not have the time to listen to a 40-minute presentation
19:40 – What to do when they do not sign a letter of intent but suggests they decide when the deals are already there
20:41 – Do you fly for a meeting for somebody out in another place
22:04 – What is the biggest thing you’re afraid of in an investor meeting
24:04 – How to deal when someone wants to meet up but says their money is tied up with RSPs
25:19 – Is there a better word to say other than having them for a second mortgage
29:34 – If you’re so confident in your product and what you can do, can you guarantee completely all the money that they’re putting in
30:29 – What if somebody asks, you have great successes every time, do you have skin in the game in every deal
30:57 – For other people who are on the call, do you see any harm in making sure that you do have a $1,000, $2,000, $10,000 in each deal, if possible, so that the sales are that much easier
Key Takeaways:
“This is something this whole overview and upfront agreement; hardly anybody does this. But it can make a huge, huge difference with your success rate with your prospective investors because it takes the pressure off.” – Dave Dubeau
“Even if it’s a ‘No’, that doesn’t mean it’s a ‘No’ forever. It just means it’s ‘No’ right now.” – Dave Dubeau
“It’s always better to have both decision-makers there live because the second person might have some questions that the first person didn’t have, and didn’t get covered.” – Dave Dubeau
“An expression of interest. And that’s all it is. It’s you showing me that you guys are seriously interested in doing a deal when I have one available. And this is what we do; you get first dibs on the deals that I have available. The way that I know you’re serious about that is with this simple little document.” – Dave Dubeau
“For somebody to be a serious investor with me, they have to sign at least an expression of interest showing me that they are interested. Because otherwise, a verbal agreement is just worth the paper, it’s written on nothing.” – Dave Dubeau
“Let’s say you’re meeting with a CPA, and they ask you some accountant questions. I would say, you know what, that’s a really good question. I don’t know the answer to that. But if that’s important to you, I will find out what the answer is. And I’ll get back to you within the week. Don’t bullshit. Just be upfront.” – Dave Dubeau
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Do you like the show?
Great! Please rate and review it on iTunes.
Tuesday May 25, 2021
Tuesday May 25, 2021
Kyle Mitchell is a real estate entrepreneur who focuses on Multifamily Syndication and currently has $41MM AUM. He is the Managing Partner and Co-Founder of APT Capital Group and the Asset Management Summit. Their mission is to positively impact their investors’ lives and the communities they invest in through the highest level of transparency fiduciary responsibility.
Kyle is also the co-host of the weekly real estate podcasts, Passive Income through Multifamily Real Estate & Asset Management Mastery. He speaks with various real estate industry experts to help educate and create clarity for passive investors and new operators. With a background in operations, management, and logistics, he has overseen multi-million-dollar businesses and has a passion for doing the same in the multifamily syndication space.
In this episode, Kyle shares what advantage having asset management has over just entrusting your asset portfolio fully to property management. How the need to trust is one thing, and verifying it is something else you need to do with your property management, so you work closely with it, thereby making sure systems are in place to make things as efficient as possible.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find out how asset management differs from property management, so you ensure systems are in place and your business plan is being executed, and staying within budget
Learn about the necessary skill sets to focus on if you want to do your own asset management to make systems more efficient, identify challenges and attend to them quicker
Find out the bottlenecks that happen every now and then with asset management, so you make sure everything is as efficient as possible
Resources/Links:
Register for FREE: Virtual Asset Management Summit happening this June 21 – 27, 2021. Click here https://glipsky.clickfunnels.com/3-01599670850445
Topics Covered:
01:08 – What is an asset management
02:19 – How does an asset manager differ from someone in charge of a deal
03:55 – What is so important about having asset management for multifamily
05:49 – When do you necessarily have asset management in place
06:58 – What skill sets you need to have to do your own asset management
09:36 – A FREE summit Kyle and his team is holding every year to train people on asset management
09:59 – What is a KPI — Key Performance Indicator and how to track it
Key Takeaways:
“A lot of general partners out there will buy the property and not pay too much attention to the property. And the more you pay attention, the faster you can get things done, the more efficient you are, and the more money you can make and drive that ROI.” – Kyle Mitchell
“A lot of people say, oh, golf compared to real estate, there’s no correlation there. And I always disagree with people, there’s always something you can take from your past experience and translate it into real estate or whatever you’re going to do in the future.” – Kyle Mitchell
“You’re buying multimillion-dollar businesses here, and multifamily is a business. And if you’re buying a business, you should have someone in charge of managing it. Whether it’s an operations manager, or yourself, or an asset manager, you need someone keeping an eye on the business.” – Kyle Mitchell
“If you have a single-family home, are you going to asset management? Probably not, but in multifamily five-plus units, there’s definitely ways that a good asset manager can make that property much more profitable than someone that doesn’t know what they’re doing.” – Kyle Mitchell
“You don’t have to be a professional asset manager or have a huge background in management operations to do well. It’s about peeling back the onion, a layer deeper, asking questions, instead of just trusting your property management company with everything that they say. You’ve always got to trust, but verify.” – Kyle Mitchell
Connect with Kyle Mitchell:
aptcapitalgroup.com
LinkedIn
YouTube
E: kmitchell@aptcapitalgroup.com
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday May 18, 2021
Tuesday May 18, 2021
Scott Choppin is the CEO and Founder of The Urban Pacific Group of Companies, a Long Beach, CA-based real estate development company, founded in 2000, that focuses exclusively on workforce rental housing communities throughout California and the western US. Urban Pacific has created a new housing innovation called Urban Town House (UTH), which pairs private capital with middle-income multi-generational rental housing while producing market superior yields on invested equity. Historically, Urban Pacific’s UTH projects have delivered 22.66% programmatic IRR yields on equity.
In this episode, Scott shares how this pandemic has allowed an economic sharing lifestyle for families and roommates and created something new for this market which is called urban townhouses. Being an underserved market where undersupply is huge and demand is high, it surely is a competitive advantage.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find out one investment strategy that is very much in demand in this time of pandemic and which also meets the economic sharing lifestyle people have these days
Learn how you can steadily rake in monthly cash flows from this type of investment
Discover the competitive advantage of this type of property to the unique market it serves
Resources/Links:
Get your FREE e-book, “How to Thrive and Survive a Recession”. Click here: urbanpacific.com/ebook
Topics Covered:
00:51 – What is Urban Townhouse
04:00 – Who does Urban Townhouse serve
06:02 – What does the Urban Townhouse look like inside
06:51 – Using the sub-meter methodology for water and electricity for economic functionality
07:13 – How many housing projects he has built so far
08:28 – The number of units in a project he did when he started
09:58 – His ways to mitigate risk in doing multi-unit housing projects
11:16 – What kind of families do they cater to, and how do these units cash flows
13:41 – How the market of roommates and families turn these urban townhouses into functional units as home and home offices
15:49 – How do urban townhouses compete with the normal house rental
17:26 – The average rent for these units a month
Key Takeaways:
“For us, workforce housing is building a new construction rental housing product for middle-income families. And we also have middle-income roommates, and during the pandemic, roommate situations are actually a high growth area for us. But the intention was to serve a part of the marketplace that wasn’t being served.” – Scott Choppin
“We know the demand these families, and particularly now, roommates, in the pandemic is massive. The undersupply is huge, the demand is high, that’s the perfect market to want to enter into from a niche or a contrarian basis.” – Scott Choppin
“It basically allows families that live multi generationally, or big family groups or roommates to come together in a single space. And then start to do practice this economic sharing lifestyle.” – Scott Choppin
“One of the ways to mitigate risk is you break it in half or you break it into 30. I’m going to build the first phase, if that goes well, then we can start the second phase. And one of several methodologies that we use to mitigate risks is conservative underwriting. It’s the name of the game. We need to produce returns for ourselves and investors.” – Scott Choppin
Connect with Scott Choppin:
urbanpacific.com
Twitter
LinkedIn
Facebook
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday May 14, 2021
Friday May 14, 2021
How do you get things set up with your investor presentation meetings?
How do you make sure everything’s taken care of and goes as planned?
What are those you never do in the first place, and what should you consider when meeting the prospective investors and decision-makers?
Let’s get tuned in as I share with you in this Free Flow Friday episode on the Real Estate Property Profits podcast everything you need to know about powerful investor presentations.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Find out why you should never be explaining your real estate deal over the phone
Find out the actual demonstration of what you should do before and during the presentation, so you jump right into the main goal and not waste anyone’s time
Learn how to keep your confidence going and level the playing field with your prospects
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau’s newest book, called ‘The Money Partner Formula’. Get your PDF version at investorattractionbook.com.
Join me for one of my upcoming live one-day virtual workshops. You can register here: https://investorattractionworkshop.com/
Topics Covered:
00:16 – Starting things right with your investor meetings
01:01 – Doing your warm-up campaign
01:38 – What to do when setting up for presentations
03:41 – Why avoid explaining stuff on the phone at all cost
04:22 – Demonstration for an actual presentation set up
07:44 – Why not just meet with one but all decision-makers
10:59 – How to pre-qualify a prospect over the phone before the meetup
11:47 – Important reason to take the order ahead of the scheduled meetup time
13:35 – How things should happen during the meetup
16:13 – How to get that confidence going and leveling the playing field
Key Takeaways:
“Start with creating a list of your prospective investors having at least their name and the email addresses, we’re looking at 150 to 200 of them, and you’ve done your warm-up campaign.” – Dave Dubeau
“Let’s say somebody reaches out to you. And they’ve seen your marketing for a while; they’ve seen some of your stuff already. And we finally pique their curiosity, and they want to find out more information. Now the temptation is going to be to try to explain stuff over the phone. I’m going to suggest we avoid that at all costs. The only purpose of this phone call is to set up a time for you to have a meeting with a person.” – Dave Dubeau
“Here’s the danger. If I show up last minute, and everyone’s there, we’re all in line, waiting to get our coffees. The verbal arm-wrestling thing to see who’s going to buy the coffee. Plus, the longer we’re waiting in line, the more time I have to take my big fat foot and stick it in my big fat mouth.” – Dave Dubeau
“If you already have a lot of sales or presentation experience, take what works, leave what doesn‘t, you know, just pick nuggets from this. But if you haven’t done very much of this, and I highly recommend you try it this way a few times, just to see how it feels for you.” – Dave Dubeau
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Do you like the show?
Great! Please rate and review it on iTunes.
Tuesday May 11, 2021
Tuesday May 11, 2021
Harry Samby is an experienced investor in various real-estate projects such as; Buy Fix & Hold, Rent to Own, Student Rentals, Duplex Conversion, Land Severance, and Flip, but found his passion in multi-family investing.
Harry has also worked with Joint Venture partners (JV) on various deals. Harry’s specialty is to put together a win-win project. By education Harry is an Engineer and by passion a real estate entrepreneur.
In this episode, Harry shares how he progressed from single-family homes to multifamily properties. To him, the economy of scale is one advantage of having multifamily. He also talks about raising capital from just within his closest circle of influence. How he builds trust for them to venture with him and easily hand him their money is one of his secrets to his successful projects.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find out one investment strategy that serves as a well-oiled machine that gives you a sizeable return on investment
Discover a way to structure your deals with ease with the involvement of your closest network
Learn how to get an effective and efficient team you can fully rely on without you being there in person
Resources/Links:
https://peakfinancing.com/
Topics Covered:
00:47 - What his main real estate focus these days
01:29 - Partnering up with new construction acquisitions
02:12 - His transition from single-family homes to multifamily properties
03:17 - Having properties in Canada and the US
03:54 - His thought process about buying properties
05:13 - The reason behind moving from single-family homes to larger multifamily properties
06:31 - His way of raising capital for his multifamily properties
07:36 - How he created a team to manage well his three different markets
09:20 - How he communicates with his property managers
10:33 - How does he provide resources to his managers
12:11 - His proactive way of getting tenants
13:42 - Adding value to other businesses, as well
14:14 - Making collaborations with competitions
15:12 - Harry’s aha moment in his real estate journey
Key Takeaways:
“My thought process for any project, there are three main components. One is the market; another one is the property and the third is a team. All three components have to be present. And my job is to ensure that all three, they are properly looked at.” - Harry Samby
“With multifamily properties, the risk is less, the second is, there is less competition, as well.” - Harry Samby
“Now, I think people have started to get into multifamily a lot, but I think once you establish a good business relationship with your team, your broker, your property manager, your leasing agent, and everybody on the team it's like a well-oiled machine, you know, I would say it's easier to manage, and there is economy of scale there as well.” - Harry Samby
Connect with Harry Samby:
Website
Facebook
Twitter
Instagram
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday May 07, 2021
Friday May 07, 2021
Are you not finding success at being a real estate entrepreneur as you want to be?
For one to be successful in real estate you need to have the most important trait successful real estate entrepreneurs have.
Listen in to this Free Flow Friday episode of the Property Profits Real Estate podcast and let’s dig deep into how you can make it big in the real estate business.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Find out the most important trait successful real estate entrepreneurs embody
Learn how to dial in to your why to be successful in real estate
Find out stories of dialing in to your ‘why’ and getting successful in real estate
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau’s newest book, called ‘The Money Partner Formula’. Get your PDF version at investorattractionbook.com.
Join me for one of my upcoming live one-day virtual workshops. You can register here: https://investorattractionworkshop.com/
Topics Covered:
01:01 – The most important trait amongst successful real estate entrepreneurs
01:41 – How finding your ‘why’ sparks something in you to take action and find opportunities
04:28 – A story of a couple who dug into their why and got the freedom from a 9-5 job
Key Takeaways:
“The most successful real estate investors that I know of have really dialed in their why. They really know why they want to be successful as real estate entrepreneurs. And it’s not just because, ‘Hey, I want to be rich.’ That’s not going to carry you over, they’ve really dug deep and found out what it is that drives them to do everything that’s necessary to be successful.” – Dave Dubeau
“The importance of really understanding your why — so what does this mean to you? This means, in my opinion, if you’re not as successful at what you’re doing in real estate as you want to be, part of the reason might be that you haven’t really crystallized your why. Or it’s vague, or it’s not specific, or it doesn’t really grab you by the guts.” – Dave Dubeau
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractionworkshop.com
Facebook
LinkedIn
Do you like the show?
Great! Please rate and review it on iTunes.