Multifamily Insights

Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry that cover areas of land acquisition, development, construction, and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses.

Let’s dive in to hear Van drop some wisdom with his 35 years of experience in the real real estate industry.

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[00:01 – 04:22] Opening Segment

• Van talks about his background.
• A brief introduction to thirty years of experience.
• What it took for him to stay afloat.

[04:22 – 14:29] Thirty Years of Experience

• Van explains why it’s getting more difficult to find deals.
• Here's why cap rates are compressed.
• How to approach real estate markets in today’s climate
• Why you should look outside of the growing markets when investing.
• The benefits of digging down into the submarket level.
• Van talks about the Toronto market and its advantages.

[14:29 – 25:02] Being Vertically Integrated

• What you need to be vertically integrated
• The benefits of being having all of your teams in house - including property management and construction
• The downfalls of being vertically integrated
• Why you should be careful with your budget.
• The importance of talking to your competitors.
• Steps you should take to make sure that you are on time and on budget.
• The importance of statement of works in renovations.

[25:02 – 30:52] Bullseye Round

Apparent Failure:

Almost having a nervous breakdown

Digital Resource:

Biggerpockets

Most Recommended Book:

Think and Grow Rich

Daily Habit:

Meditation

Curious About:

How all the money given out by the government will be repaid.

I Wish I Knew When I Was Starting:

Being thankful

Best Place to Grab a Bite in the Philippines

Restoria

Contact Van:

Reach out to Van at his website.

Tweetable Quotes:

“You really need to do an overall assessment of the property and create a needs and wants list.” - Van Sturgeon

“If I can make an investment buying an ugly duckling where I can sprinkle a couple of dollars in rehabbing and renovating the place and then seeing some uplift on the rent side then I don’t care about population growth’” - Van Sturgeon

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Ramez Fakhoury is an entrepreneur with over twenty years of experience providing service in various settings including the hospitality industry, financial services, and real estate. As the vice president of the IRA Club, his mission is to open doors and opportunities by educating, inspiring, and allowing investors to diversify outside the norm.

Let’s dive in to learn more about how a self-directed IRA can change the whole game for your retirement plan and investments.

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[00:01 – 04:32] Opening Segment

• Ramez talks about his background.
• How Ramez met his mentor.
• How he learned so much about IRA investing
• The importance of retirement accounts.

[05:54 – 12:41] Self-Directed IRA

• Ramez explains self-directed retirement accounts and IRAs.
• The difference between a traditional brokerage firm and a self-directed IRA company.
• He breaks down what self-direction really is.
• Why now is the best time to look at investing options other than the stock market.
• The huge difference in capital gains on a self-directed IRA.
• Why you should take control of your investments and how it can help you exceed the market from what you typically see in the stock space.

[12:41 – 29:49] The IRA Club

• Ramez explains how they support investors at the IRA Club.
• He talks about their product “The IRA Club Investors Kit” which walks you through the process of getting an IRA

Links below

• Where investors in the IRA Club prefer to put their money in.
• Are you too old to get a self-directed IRA?
• Ramez gives us the upsides and the downsides of a self-directed IRA.

[29:49 – 35:25] Round of Insights

Apparent Failure:

Not understanding how money moves earlier.

Digital Resource:

Cab

Most Recommended Book:

Money-Making Ideas for Your IRA or Solo 401(k)

Daily Habit:

Exercising

#1 Insight for Multifamily Investing

When you incorporate your returns from your multifamily investments within your IRA, the returns are much sweeter.

Best Place to Grab a Bite in Chicago

Angelo’s Wine Bar

Contact Ramez:

To learn more go to iraclub.org. You can find the investors kit here: “IRA Club Investors Kit”

Tweetable Quote:

“There’s nothing wrong with the stock market. Everyone’s made money in the stock market but you have to look at the alternative space, and now more than ever.” - Ramez Fakhoury

“When people talk about ten, twelve, thirteen percent returns on investment - when you do it within a self-directed IRA, the gains are actually thirty percent higher.” - Ramez Fakhoury

“Control, in order to invest in what you know and understand best.” - Ramez Fakhoury

Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.

Matt Drouin is Partner at OakGrove Development, a real estate investment and development firm with a special focus on value-add commercial and residential properties in Rochester, NY. Over the last 15 years, Matt has been in real estate management, brokerage and development, and has grown his portfolio to 120 units of residential and commercial property. Matt believes that you can do well and do good as a real estate developer and that ultimately community centric development boosts long term profits for investors.

We spoke to Matt about how losing his parents made a tremendous change in his approach to financial freedom, the importance of investing in your business, what historic adaptive reuse is, and commercial real estate.

Announcement: Download Our Sample Deal and Join Our Mailing List

[00:01 – 05:49] Opening Segment

• Matt talks about his background.
• He talks about how he got into investing.
• He talks about his dad’s influence on him getting into investing.

[05:49 – 12:37] A Transformation into a True Investor

• How losing both his parents in his 20s affected Matt’s approach to his future.
• How Matt's trip to Europe inspired him to pursue financial freedom.
• He talks about the sacrifices his parents made and how that changed his approach to financial freedom.
• John talks about the importance of having a big “why” to get into real estate investing.

[12:37 – 31:35] Growth and Commercial Real Estate

• The importance of investing in your business.
• How he went from a four-unit property to multi-million dollar deals.
• Matt explains what “Historic adaptive reuse” is.
• How Matt adds value to the neighborhoods he invests in.
• The importance of having a long-term approach.
• What Matt looks for in a community and a market before he invests.
• The reasons why Matt prefers commercial real estate.

[31:35 – 37:21] Round of Insights

Apparent Failure:

Understanding his own limitations.

Digital Resource:

The Reminders App

Most Recommended Book:

Rich Dad Poor Dad

Daily Habit:

Exercise

#1 Insight for Investing

Focus on building a core competency that gives you a built-in inherent advantage over everybody else.

Best Place to Grab a Bite in New York:

Crumpets

Contact Matt:

To learn more and download the e-book, go to Matt’s website.

Tweetable Quotes:

“The desire to have a little bit of extra money is not a big enough “why”.” - Matt Drouin

“You can utilize your for-profit business to actually do good through its very actions.” - Matt Drouin

Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.

Andy McMullen is a seasoned professional in the real estate industry with over 20 years of experience in investing and asset management. Specializing in Horizontal Multifamily, he is at the forefront of developing build-to-rent communities across the United States.

Andy's focus extends to Multifamily Real Estate Investment, particularly in emerging markets. As the founder, he leads a dedicated team serving California real estate investors seeking opportunities beyond the state borders. The primary objective is to provide a white-glove investor experience, and Andy achieves this by partnering with top operators nationwide. Through strategic collaboration, he deploys a fund that not only supports operators in their equity raises but also ensures investors receive the best possible experience throughout their investment journey.

In this episode, we talked to Andy about Legacy Acquisitions, their current work and projects, build-to-rent development and its profit potential, things to consider before investing in a likely project, and much more.

Announcement: You can join the Apartment Investing Mastermind here.

Build-to-rent Development;

02:13 Andy’s background;

04:03 An insight on Legacy Acquisitions;

11:15 What Andy and his team work on at the moment;

21:16 How the profit potential looks for build-to-rent development;

24:29 What to consider before investing in a project;

26:41 Round of insights

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Round of Insights

Apparent Failure: One of his deals that was done almost 20 years ago, on which he didn’t have a good relationship with the property manager.

Digital Resource: Monday.

Most Recommended Book: The Hard Thing About Hard Things.

Daily Habit: Wake up early, exercise, and read.

#1 Insight for build-to-rent investing: Trusting yourself and your instincts.

Best Place to Grab a Bite in San Diego, CA: Any restaurant on Oceanside Boulevard.

Contact Andy:

E-mail: [email protected]

Website: https://legacyacquisitions.com

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.

Jeff Welgan has over 20 years of experience in the mortgage industry and real estate investing. Specializing in residential 1-4 unit conventional and non-conventional lending, Jeff is an expert in short, mid, and long-term rental strategies. His deep knowledge of financing has helped numerous clients, including notable real estate investors from BiggerPockets.

As the loan officer and team leader behind Tony J. Robinson's real estate success, Jeff has been instrumental in scaling businesses and is the preferred lender for Amanda Han. Jeff’s experience and insights make him a trusted resource in the world of real estate finance.

In this episode, we talked to Jeff about the essentials to know about investing, down payment assistance programs, strategies for non-occupant investors and common mistakes people make, vetting potential partners and success for investors, understanding the importance of terms in any deal, and much more.

Announcement: Learn about our Apartment Investing Mastermind here.

Cold Emailing;

02:20 Jeff's background;

03:53 Key principles every investor should know;

07:56 An insight into down payment assistance programs;

17:51 Strategies for non-occupant investors;

22:07 Common mistakes people make;

25:33 How to effectively vet potential partners;

29:11 Recipe for success for investors;

31:43 Round of Insights;

37:32 The importance of understanding the loan terms

Announcement: Download our Sample Deal package here.

Round of Insights

Apparent Failure: Not doing the right job he would be successful at, at first.

Digital Resource: Mortgage News Daily.

Most Recommended Book: Your Next Five Moves & The Obstacle Is the Way.

Daily Habit: Exercising and working ahead early in the morning.

#1 Insight for getting the best loan for investment: Having a conversation to know where things stand is key.

Most recommended tool for cold emailing: Larsen & The Cliff Restaurant.

Contact Jeff:

Website

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.