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Journey to Multifamily Millions

Journey to Multifamily Millions

Tim

On the Journey to Multifamily Millions Podcast, we set out on the journey of building wealth through multifamily real estate together, talking to experts in the field every step of the way. It doesn't matter if you're new or experienced, every journey starts with a single step and there's always more to learn. This is the Journey to Multifamily Millions Podcast with your host, Tim Little.
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Top 10 Journey to Multifamily Millions Episodes

Goodpods has curated a list of the 10 best Journey to Multifamily Millions episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Journey to Multifamily Millions for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Journey to Multifamily Millions episode by adding your comments to the episode page.

Journey to Multifamily Millions - A Look Back at 100 Episodes! Ep 102

A Look Back at 100 Episodes! Ep 102

Journey to Multifamily Millions

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06/27/24 • 23 min

Join us as we celebrate over 100 episodes of The Journey to Multifamily Millions podcast in this special episode. We'll look back at some of our most popular guests from past episodes.

In this episode, I’ll share three quick highlights from previous guests about busting myths in real estate, spotting warning signs in investment opportunities, and giving tips for steadily building wealth.

This episode is packed with valuable insights and expert advice for investors at all levels.

Episode Topics

[00:38] Introduction and Milestone Celebration
[00:56] Thanking Our Listeners and Guests
[02:00] Highlighting Key Insights from Guests
[02:32] Red Flags Every Investor Should Watch For
[08:25] Debunking Myths in Real Estate Investing
[16:52] Defining Success in Real Estate
[20:45] Final Thoughts on Wealth and Legacy

Notable Quotes

  • "Every metro is both great, good, okay, bad, and horrible, depending upon the point in the cycle." — Neal Bawa
  • "If I try to sell you a deal and I don't invest in it, how do you expect me to believe in it?" — Jim Lee
  • "The more the GP team invests, the harder they're going to fight for a positive outcome." — Ryan Twomey
  • "Real estate's a get rich slow business." — Chris Larsen
  • "You really got to do your due diligence on the guys that you're dealing with." — Charlie Wessel
  • "If somebody's not transparent, I'm out instantly." — Nic DeAngelo
  • "Every sponsor should absolutely have money into their own deals so that they have that skin in the game." — Tim Little

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - How You Know When It’s Time to Vertically Integrate with Mark Updegraff, Ep 44

How You Know When It’s Time to Vertically Integrate with Mark Updegraff, Ep 44

Journey to Multifamily Millions

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05/18/23 • 48 min

Todays episode is Mark Updegraff , the CEO and Founder of Updegraff Group Realty, Updegraff Management, Updegraff Services Inc., and Raze Capital. He is an active investor, broker, and operator. As a broker and investor, Mark has been involved in over $200 million in real estate transactions.

In this episode, Mark shares his journey from traditional career advice to financial freedom through multifamily investing. Discover valuable insights on commercial and residential foreclosures, syndication, and the importance of networking and education.

Learn how Mark built a successful property management company and overcame industry challenges. Don't miss the discussion on how aligning with owners can improve tenant retention and lower costs.

👉Episode Topics

  • [01:57] Meet our guest, Mark Updegraff
  • [02: 05] From Strawberry Picking to Multifamily Investing: How I Built My Passive Income Empire
  • [06: 45] Multifamily Investing: The Path to Building Wealth and Leaving the 9-5 Grind Behind
  • [ 13:14] Maximize Your Investment: Why Your First Purchase Should Be a Class A Asset
  • [17:40] Navigating Commercial Foreclosures: Tips from a Multifamily Real Estate Investor
  • [24:09] How Networking in Real Estate Can Transform Your Career
  • [29:50] From Comfort to Growth: How to Know When It's Time to Level Up Your Business
  • [39:56] Maximizing Profits: How Aligning with Your Property Manager can Lower Turnovers and Boost Revenue
  • [44:55] What is one red flag every investor looks out for?
  • [47:09] What success looks like for Mark
  • [35:18] Connecting to Mark

👉Notable Quotes

  • "My father would always say, work smarter, don't work harder." -Mark Updegraff
  • "Networking is a valuable skill set that I have, so I really need to capitalize on that” - Mark Updegraff
  • "Aligning our model with our owners, we cut back our fees to break even at best." -Mark Updegraff
  • “The value of masterminds is in the community and network, not just the training.” -Tim Little
  • "Learning is important, but finding people you trust and do deals with catapults your growth."-Tim Little
  • "It's really hard to find quality property management for 50 units and below." -Tim Little
  • "Well-run assets are the key to long-term success." -Tim Little

👉Connect with Mark Updegraff :

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - You Need More than a Tax Preparer, You Need a Tax Strategist! with Melissa Broughton, Ep 100

You Need More than a Tax Preparer, You Need a Tax Strategist! with Melissa Broughton, Ep 100

Journey to Multifamily Millions

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06/13/24 • 35 min

Today's guest is Melissa Broughton, she is a co-owner of Busy Bee advisors, where she helps small business owners find financial clarity in their business through accounting and tax services.

In this episode, Melissa shares her inspiring journey from corporate accountant to small business owner, fueled by a passion for financial clarity in business, especially for real estate investors. Discover essential topics like the importance of proper bookkeeping, effective tax strategies for various types of investors, and understanding the critical IRS 750-hour rule for real estate professionals.

Melissa highlights the importance of partnering with a tax professional who specializes in real estate to avoid costly mistakes and optimize financial outcomes. Gain insights into the unique challenges faced by accidental landlords and active real estate investors, along with practical advice on managing business finances.

But more than anything, you’re in store for a whole lot of positive energy and great conversation!

Episode Topics

[01:08] Meet our guest, Melissa Broughton
[03:32] The Birth of Busy Bee Advisors
[08:44] Navigating the Pandemic Together
[13:31] Advice for New Real Estate Investors
[21:08] The 750 Hour Rule and Real Estate Professional Status
[26:20] The Importance of Specialized Tax Professionals
[30:58] What is one red flag every investor should look out for?
[31:51] What is a myth about the real estate business?
[33:22] Connecting to Melissa

Notable Quotes

  • "There's a ton of opportunity for our firm to provide bookkeeping, accounting, and tax services." — Melissa Broughton
  • "There was a comfort in the fact that one plus one is always going to equal two." — Tim Little
  • "You want someone who actually enjoys doing the thing, especially if you don't." — Tim Little
  • "I am a very entrepreneurial spirit. I've always been drawn to helping people with business plans." — Melissa Broughton
  • "Keep separate accounts for your separate properties. It's just a no-brainer." — Melissa Broughton
  • "Set up a business email as well. It helps to present that more professional image." — Tim Little
  • "I call those the accidental landlords. They have this property that wasn't intended to be an investment." — Tim Little

👉Connect with Melissa Broughton

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - What it Really Means to Underwrite Conservatively with Justin Goodin, Ep 119

What it Really Means to Underwrite Conservatively with Justin Goodin, Ep 119

Journey to Multifamily Millions

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11/14/24 • 34 min

Welcome to the Journey to Multifamily Millions podcast, where we speak with professionals on financial topics!

Justin Goodin, the founder and CEO of Goodin Development, a company dedicated to helping busy professionals passively invest in real estate development so they can live a life by design now, instead of waiting until they retire.

In this episode, Justin talks about how he started out in real estate with fix-and-flip properties before moving into multifamily complexes and commercial real estate. The topic of conversation includes Justin's strategic shift to development, the difficulties and competitiveness of the value-added sector, and the significance of forming solid alliances with local governments to bridge project funding gaps.

Justin also emphasizes the importance of cautious estimates and realistic underwriting in the commercial real estate market. Listen here to hear Justin's thoughts on risk reduction in development projects, building relationships with local communities, and effective real estate tactics.

Don't pass this up!

Episode Topics

[001:18] Meet our guest, Justin Goodin
[03:32] Transition to Multifamily Development
[04:59] Challenges and Lessons in Real Estate
[08:02] Insights on Conservative Underwriting
[14:47] Focus on Indiana Market
[20:10] Development Strategies and Partnerships
[30:06] What is one red flag every investor should look out for?
[30:55] What is a myth about the real estate business?
[32:51] Connecting with Justin

Notable Quotes

  • "I started like many others with fix and flips and rentals... I didn’t know that apartment investing and raising capital were even options." – Justin Goodin
  • "I immersed myself into commercial real estate—listening to podcasts, reading books, watching YouTube videos... all to learn about apartment investing." – Justin Goodin
  • "If you want to learn a business, go work in it." – Tim Little
  • "The word 'conservative' gets thrown around a lot. I really like to use the term, 'realistic'... under promising and over delivering." – Justin Goodin
  • "Taxes and insurance have been far above what was in pro formas, and that’s obviously having an impact on the overall projections." – Tim Little
  • "Stability is very attractive... my most consistent and boring – in the best possible way – deal that I have." – Tim Little

👉Connect with Justin Goodin

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - Fast-Track Your Real Estate Success with Expert Coaching with William Parmer, Ep 105

Fast-Track Your Real Estate Success with Expert Coaching with William Parmer, Ep 105

Journey to Multifamily Millions

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08/01/24 • 37 min

Welcome to the Journey to Multifamily Millions podcast, where we discuss money matters with experts!

In this episode, we have the pleasure of speaking with William Parmer, a real estate investor, coach for Master Passive Income, co-host of the Breakthrough Investor Podcast, and successful entrepreneur. William shares his incredible journey from law enforcement to real estate, emphasizing the importance of reinvesting profits, the impact of coaching, and the value of networking.

He delves into his family's role in his success, his experience with various types of properties, and the challenges and rewards of self-management versus hiring property managers. 🏢

The conversation also highlights the importance of aligning with ethical coaches and the benefits of attending real estate conferences to accelerate learning and build valuable connections. Don't miss this insightful episode packed with valuable advice and inspiration! 🌟

Episode Topics

[00:59] Meet our guest, William Parmer
[02:27] Transition to Law Enforcement and Real Estate Education
[10:24] Challenges and Strategies in Property Management
[19:07] The Importance of Surrounding Yourself with the Right People
[22:48] Choosing the Right Coach and Program
[28:43] Balancing Family and Real Estate
[33:41] What is one red flag every investor should look out for?
[34:19] What is a myth about the real estate business?
[36:04] Connecting with William

Notable Quotes

  • "I invest for the cash flow, not necessarily the appreciation. The appreciation is the cherry on top, but I want the cash flow." - William Parmer
  • "Vetting the property managers is one of the big things that we teach our students how to do and what to look out for." - William Parmer
  • "I quickly realized that I had every excuse not to [self-manage], because it is, it's not fun, but you do learn a lot." - Tim Little
  • "Vet that property manager. It's really important, especially for those folks who are just starting out." - Tim Little
  • "My only concern is you don't have enough time. And that seemed to be the crux of everything. It wasn't money. It was time." - William Parmer

👉Connect with William Parmer

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - Unlock the Power of Cost Segregation for Multifamily with Erik Oliver Ep 111

Unlock the Power of Cost Segregation for Multifamily with Erik Oliver Ep 111

Journey to Multifamily Millions

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09/12/24 • 42 min

Welcome to the Journey to Multifamily Millions podcast, where we discuss money matters with experts!

In this episode, Erik Oliver Vice President at Cost Segregation Authority shares his incredible journey from being an accidental landlord to becoming a skilled real estate investor, with a focus on how cost segregation can transform your investment strategy.

He dives deep into the world of tax strategies, and explains how cost segregation accelerates depreciation on properties, saving investors thousands on taxes.

Erik breaks down the process, the benefits, and when it’s the right move for your portfolio. If you're looking to maximize your returns and secure a stronger financial future through real estate, this episode is a must-listen.

Episode Topics

[001:16] Meet our guest, Erik Oliver
[02:43] First Rental Property Challenges
[05:15] Accidental Landlord Experiences
[1320] Understanding Cost Segregation
[24:14] When Cost Segregation Makes Sense
[35:17] The Role of a Tax Strategist
[38:08] What is one red flag every investor should look out for?
[38:34] What is a myth about the real estate business?
[40:38] Connecting with Erik

Notable Quotes

  • "I was strategic about my investment. So I was either going to pay the government $80,000 or put that $80,000 down on an investment property." – Erik Oliver
  • "I lucked into my real estate investment career, but I’ve been able to learn a lot about tax that I didn’t know before." – Erik Oliver
  • "You learn those valuable lessons early and often, unfortunately." – Tim Little
  • "Cost segregation really is just accelerated depreciation on your real estate investments." – Erik Oliver
  • "I always encourage people to have a tax strategy, not just do their taxes, especially if you have multiple and complicated investments." – Tim Little

👉Connect with Erik Oliver

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - The Benefits of Triple-Net Leases with Dan Lewkowicz, Ep 40

The Benefits of Triple-Net Leases with Dan Lewkowicz, Ep 40

Journey to Multifamily Millions

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04/20/23 • 47 min

This episode’s guest is Dan Lewkowicz a seasoned real estate veteran with over 15 years of experience in real estate. Starting his career “house hacking” he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures which specialized in house flipping in the Detroit area.

Now Dan is focused on his role as Senior Director of Encore Real Estate Investment Services where he specializes in net leased and multi-tenant retail properties.

In this episode, Dan shares his entrepreneurial background and experience in house flipping before becoming a commercial real estate broker. He highlighted the importance of an internal drive and a support system.

He also discusses diverse types of buyers for net lease properties, including high net worth individuals, REITs, and partnerships.

Episode Topics

  • [00:34] Meet our guest, Dan Lewkowicz
  • [04: 29] From Flipping Houses to Commercial Real Estate Brokerage
  • [07: 56] Entrepreneurship: Internal Drive and Opportunities in Existing Companies.
  • [ 17:27] The Importance of a Support System in Real Estate BrokerageBenefits
  • [15:56] From Real Estate Agent to Brokerage: Reasons for Transitioning
  • [22:52] The Hiring and Training Process for Real Estate Brokers: An Overview
  • [26:21] Understanding Commercial Real Estate Assets and Triple Net Leases for Investors
  • [34:35] Exploring the Diverse Range of Buyers for Net Lease Properties.
  • [41:13] Debunking a Myth About Multifamily Business
  • [41:53] What success looks like for Dan
  • [40:56] Connecting to Dan

Notable Quotes

  • "I bookmarked that in my mind, this whole concept that you could take something that doesn't look like it's gonna work, make some changes, and add some significant value." -Dan Lewkowicz
  • "I've really found my dream here as a commercial real estate broker. I love it. It's exciting, it's lucrative, it's fun, it's stimulating and it allows me to help a lot of people." -Dan Lewkowicz
  • "I think that if it's within, if you've got it within, it's going to come out right. It is going to find a way to express itself."-Dan Lewkowicz
  • "You can be an entrepreneur within a greater company or a greater framework." -Dan Lewkowicz
  • "Surrounding yourself with other people that are ahead of you... is so huge." -Dan Lewkowicz
  • "I just don't see that as much, for whatever reason within the commercial real estate circles. It's bizarre in a very good way."-Tim Little
  • "For people looking from the outside, who have that very comfy, W2 job, they might think going into flipping for reliable income is crazy, but with the brokerage business, it's 100% commission."-Tim Little

Connect with Dan Lewkowicz

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - Breaking Down the Delaware Statutory Trust with Brandon Bruckman, Ep 38

Breaking Down the Delaware Statutory Trust with Brandon Bruckman, Ep 38

Journey to Multifamily Millions

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04/06/23 • 46 min

Today’s guest is Brandon Bruckman, He is an investment advisor with Insight Investment Advisers, a firm that offers goal-based financial planning and innovative solutions to real estate investors looking to sell their properties while deferring taxes.

In this episode, Brandon describes his journey of learning about real estate and helping customers by drawing on his own experiences and looking for high returns,

He talks about the difficulties traditional financial advisers encounter when providing advice on real estate syndications, such as regulatory barriers and a lack of knowledge, and he emphasizes the importance of working with professional advisors.

Additionally, he does a deep dive on Delaware Statutory Trusts. A way to invest in real estate and avoid taxes that isn’t talked about nearly enough!

Episode Topics

  • [01:11] Meet our guest, Brandon Bruckman
  • [04: 52] Challenges for Advisors in Syndication Investments
  • [08: 14] Guiding Asset Owners Through Liquidation Decisions
  • [ 11:06] Deferring Capital Gains with 1031 Exchanges
  • [16:51] Strategies and Techniques for Mastering Like-Kind Exchanges
  • [20:41] Delaware Statutory Trust: Passive Investing Made Easy"
  • [25:23] Explained Considerations for Choosing the Best Investment Structure
  • [28:51] Differences Between a GP/LP Syndication and Delaware Statutory Trusts
  • [38:49] Streamlining Investors' Real Estate Investment Process
  • [42:17] What success looks like for Brandon
  • [43:41] Connecting to Brandon Bruckman

Notable Quotes

  • "Our personal connection to real estate drives us to help others navigate property investments." -Brandon Bruckman
  • "Avoiding big losses is our priority, but we found stable cash flow and non-correlation in real estate. " -Brandon Bruckman
  • "Partnering with real estate experts adds value for clients. "-Brandon Bruckman
  • "Essentially, a 1031 exchange allows an investor to defer paying taxes on the sale of a property by reinvesting the proceeds into a similar or 'like-kind' property. " -Tim Little
  • "It almost becomes a specialization at that point to where they can be that sponsor who does the Delaware Statutory Trust (DST), so they can take advantage of the scale." -Tim Little

Connect with Brandon Bruckman:

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - Saving Millions in Real Estate Using Cost Segregation with Yonah Weiss, Ep 7

Saving Millions in Real Estate Using Cost Segregation with Yonah Weiss, Ep 7

Journey to Multifamily Millions

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09/01/22 • 38 min

In this episode, I have a chat with the “Cost Seg King” Yonah Weiss, Business Director for Madison SPECS and multifamily investor.

Yonah discusses Cost Segregation as a tool that helps owners save millions of dollars on taxes by creating “paper losses”. 💵

He also shares some of the secrets to, and benefits of, becoming a LinkedIn influencer. This episode is packed with pearls of wisdom for passive and active investors! 🦪

Key Points From This Episode

🗝️ What is Cost Segregation?
🗝️ What is Bonus Depreciation?
🗝️ How tax savings benefit passive investors
🗝️ The risks of Depreciation Recapture
🗝️ About Yonah's success as a LinkedIn influencer
🗝️ Adding value through social media

Notable Quotes

"The majority of people I talk to have never heard of cost segregation" - [Yonah Weiss]

"Probably the greatest advantage when it comes to tax strategy is deferrals" - [Yonah Weiss]

"Being an influencer is about highlighting other people" - [Yonah Weiss]

"The best type of post in my opinion are ones that ask questions" - [Yonah Weiss]

"I'm not seeing any slowing down; I see people every single day buying real estate" - [Yonah Weiss]

"You can find deals and you can make money in any environment...recession included" - [Tim Little]

Connect with Yonah Weiss

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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Journey to Multifamily Millions - From Building to Flipping to Multifamily Mastery with Michael Mannino, Ep 83

From Building to Flipping to Multifamily Mastery with Michael Mannino, Ep 83

Journey to Multifamily Millions

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02/15/24 • 33 min

Today's guest is Michael Mannino, He is a licensed Master Builder in Michigan and Florida. With over 35 years in the construction industry, he has built, renovated, and remodeled residential houses, including multi-million dollar homes for local celebrities. He is a founder of several multi-million dollar companies that build and flip houses, and invest in multifamily real estate.

Michael talks about his experiences in the real estate industry, from purchasing and renovating homes to making multifamily real estate investments. He stresses the value of having capable partners to help a project succeed.

He also discusses how cost segregation and tax advantages increase the profitability of real estate investments. A black belt who routinely breaks bricks with his bare hands, Michael gave some inspiring insights in how he overcame imposter syndrome and became a confident real estate investor!

Episode Topics

[01:17] Meet our guest, Michael Mannino
[03:21] The Art of Buying and Selling Houses
[13:51] The Magic of Multifamily Real Estate
[19:46] The Tax Benefits of Real Estate Investments
[22:07] Transitioning from Flipping to Multifamily
[25:33] The Future of Real Estate: Building Multifamily
[26:27] What is one red flag every investor should look out for?
[27:39] What is a myth about the real estate business?
[31:44] Connecting to Michael

Notable Quotes

  • "Money doesn't change you; it just brings out who you really are. If you're a jerk, then you're just gonna be a rich jerk once you have money and vice versa." -Tim Little
  • "When you buy a product might be more important than where you buy it. The time to buy is coming soon." -Michael Mannino
  • "The real estate market is tricky. Pent-up demand could drive prices higher, even if rates drop. I'll watch with my 2.5% interest rate from the sidelines." -Tim Little
  • "Concentrate on making your company run itself, not needing you in it. Once you do that, you can start another adventure." -Michael Mannino
  • "Cost segregation supercharges depreciation, providing tax-free income. Multifamily distinct returns make it unparalleled. Consult your tax advisor." - Tim Little
  • "Not paying taxes, perks your interest when you're paying a lot of money in taxes here. The problem with making money is you have to pay a lot of money in taxes." -Michael Mannino

Connect with Michael Mannino

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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FAQ

How many episodes does Journey to Multifamily Millions have?

Journey to Multifamily Millions currently has 121 episodes available.

What topics does Journey to Multifamily Millions cover?

The podcast is about Multifamily Investing, Investing, Podcasts, Business and Real Estate Investing.

What is the most popular episode on Journey to Multifamily Millions?

The episode title 'From Fulltime Psychologist to Financially Free with Rebecca Moore, Ep 45' is the most popular.

What is the average episode length on Journey to Multifamily Millions?

The average episode length on Journey to Multifamily Millions is 39 minutes.

How often are episodes of Journey to Multifamily Millions released?

Episodes of Journey to Multifamily Millions are typically released every 7 days.

When was the first episode of Journey to Multifamily Millions?

The first episode of Journey to Multifamily Millions was released on Jul 10, 2022.

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