The Real Estate Mindset

On today’s episode of The Real Estate Mindset Podcast, we talk to multifamily expert, Sandhya Seshadri about leveraging the power of multifamily investment as an entry point to the real estate investment market. We talk about the nuts and bolts of syndication and the value of cutting your teeth as a limited partner before going all-in on real estate investment. Sandhya unpacks the role of tax-adjusted returns and the importance of consulting a financial expert before jumping into any decisions. She lets us in on the perils of taking a sponsor’s reputation at surface value and implores us to do the research before choosing any particular one. Lastly, we talk about mindset optimization and how a strong morning routine can set the scene for a more productive day. Sandhya encourages listeners to move at their own pace, to always prioritize persistence, and to be really careful where they invest their money. Tune in to hear the inside scoop on how to find balance and success through the tool of multifamily investment!

Key Points From This Episode:

• How the process of syndication minimizes both the ongoing administrative burdens and requisite capital contributions of real estate investment.
• The value of educating yourself by starting as a limited partner.
• The benefits of investing in real estate over the stock market beyond tax.
• What tax-adjusted returns mean for real estate investment.
• Why seeking an accountant’s perspective is imperative for guiding your investment decisions.
• The perfect sized deal to accommodate the administrative support you need without demanding an unrealistic capital investment.
• Why Dallas has a superior market and holds great promise for the future.
• Why doing your research and knowing what you are getting into is the ‘magic mustard’.
• The ethical questions surrounding acquisition fees and why they should have a minimum contribution attached to them.
• The risks of using sponsors with no asset management experience.
• Approaching your investments with as much scrutiny as you do a new appliance or car.
• Harnessing the power of self-improvement and exposing yourself to different ways of thinking.
• What a miracle morning looks like and how that enhances motivation and productivity.
• The power of persistence and staying in your own lane.

Links Mentioned in Today’s Episode:

Sandhya Seshadri on LinkedIn

Multifamily4you.com
Atomic Habits

Do you tend to adopt a scarcity mindset when it comes to business?

In this episode of The Real Estate Mindset Podcast, we chat with Justin Campbell about his compelling journey, marked by faith, resilience and a passion for risk-taking. From flipping his first house to establishing a successful property management business, Justin's story is a powerful testament to the beauty of trusting God's plan, even when it leads us into uncharted territories.

Transitioning from vocational ministry to real estate wasn't an easy move for Justin. However, his faith and a belief in abundance rather than scarcity guided him through the challenges.

The power of mentorship and self-learning played a massive role in Justin's journey. From gleaning insights from reading biographies of successful people to finding guidance from his mentor, Justin knows the value of learning from others. However, he also emphasizes the role of putting in the work and turning failures into opportunities.

What we discuss:

(0:00:03) - From Pastor to Real Estate

(0:06:45) - Church Leadership to Real Estate Transition

(0:16:29) - Property Management and Flipping Future Plans

(0:19:49) - Biographies and the Value of Mentorship

(0:31:36) - Appreciating an Outstanding and Inspirational Guest

To learn more about Justin:

Email: [email protected]

Instagram: @red.door.properties

Growing up, there was never a clear answer to the question, "What do you want to be when you grow up?" For some, it's a clear path, but for our guest, Sam, his path took many detours. Homeschooled for most of his life, Sam never imagined that he would go from owning a chain of martial arts schools to becoming a full-time real estate investor. This episode follows Sam's unique journey as he navigates the unconventional paths life has thrown his way.

Unpacked in this conversation is the fascinating concept of co-living, an innovative real estate strategy that not only promises a solid return on investment but also fosters community living. We dissect every aspect of this model, from the appeal, the construction needs, rental prices, all the way to the legalities involved. Sam's hands-on experience of transforming a home into a thriving co-living space makes for a fascinating case study, giving you real-world insights into this concept.

Finally, we delve into some thought-provoking discussions - the pros and cons of homeschooling, the power of cost segregation in real estate investments, and the key to mastering anything you set your mind to. We also explore the concept of success, and how it's a unique journey for each one of us. Join us for an insightful conversation with Sam as we explore these intriguing themes. Don't miss out!

What we discuss:

(0:00:03) - From Owner to Real Estate Investor

(0:06:27) - Exploring the Concept of Co-Living

(0:12:59) - Homeschooling and Real Estate Investing

(0:17:20) - The Concept of Co-Living Rentals

(0:26:15) - Legal Workarounds for Co-Living Homes

(0:30:38) - Real Estate Tax Strategies and Depreciation

(0:42:46) - 'Less Is More

(0:49:39) - Co-Living Real Estate and Achieving Success

To learn more about Sam:

Website: https://samwegert.com/

Instagram: https://www.instagram.com/samwegert/

Would you do real estate as a side-hustle?

In this episode of The Real Estate Mindset podcast, Tim McGarvey and I chat about how he started investing into real estate while he worked his full-time corporate job. Starting with real estate as a side-hustle back then allowed him to grow his business with a security net, thanks to his regular pay check. We also chat about Tim’s definition of success, his morning routine, and mistakes he’s made when hiring people that he learned from.

What we discuss:

0:00: How Tim got into Real Estate

03:41: How can someone start real estate as a side-hustle while working full-time?

06:44: What does Tim’s business look like?

13:30: What is Tom’s morning routine?

15:40: What books does Tom recommend?

17:00: What is Tim’s experience with coaching and mentorship?

18:34: What are mistakes Tim made that he wouldn’t make again?

20:17: What is Tim’s definition of success?

21:17: Why does Tim believe he’s more successful than others?

23:43: How are the recent rate hikes affecting Tim’s business?

To learn more about Tim:

Instagram: @tim_mcgarvey and @venturestack

Website: venture-stack.com

Do you know what’s the difference between someone who makes seven figures in a couple of months Vs someone who makes seven figures in a couple of years?

In this episode of The Real Estate Mindset podcast, Chris Prefontaine and I chat about the lessons he learned from going bankrupt. While he now has multiple seven-figure businesses, he learned a lot from his past mistakes.

We also chat about some interesting case studies Chris conducted after observing students in his academy. He shares why some studies become successful more quickly than others and what you can do to make sure you’re moving forward, faster.

What we discuss:

00:20: About Chris

04:08: What lessons did Chris learn from going bankrupt?

05:30: What does Chris’ ideal business deal look like?

10:34: What is Chris’ real estate model look like?

14:26: Does Chris encounter any issues in terms of educating sellers?

19:11: How does Chris find his leads?

26:13: What is Chris’ morning routine?

27:45: What books does Chris recommend?

29:15: What is Chris’ experience with mentorship and coaching?

33:53: Why does Chris believe he is successful?

To learn more about Chris:

Website: smartrealestatecoach.com

Podcast: Smart Real Estate Coach Podcast