Roschelle McCoy & Kate Gress - Building Community Impact through Real Estate

Key Takeaways

Partnerships thrive when built on aligned goals, clear expectations, and mutual respect.

Investing in multifamily requires patience, perseverance, and long-term thinking.

Mastering due diligence ensures you avoid costly mistakes and make informed decisions.

Effective communication is essential for building trust and successful collaborations.

Learning from setbacks and remaining adaptable are critical for sustained success.

Strong mentorship and ongoing learning accelerate your growth as a real estate investor.

Episode Timeline

[0:00 – 3:00] Introduction to Roschelle McCoy and Kate Gress and today’s focus on partnerships and scaling.

[3:01 – 7:30] Roschelle and Kate's backgrounds and how they entered the multifamily real estate space.

[7:31 – 12:00] Importance of strong partnerships and lessons learned from their experiences.

[12:01 – 17:00] Challenges in scaling a portfolio and how to navigate them successfully.

[17:01 – 21:30] Effective communication strategies for real estate partnerships.

[21:31 – 25:00] How mentorship and collaboration drive business growth.

[25:01 – 28:00] Key insights on due diligence and market research.

[28:01 – End] Final thoughts on achieving long-term success through resilience and teamwork.

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Forrest Corral - Strategic Insights for Multifamily Investment Success

Key Takeaways

Communication is key in multifamily real estate, and learning industry-specific terminology is essential.

Setbacks are just setups for comebacks. Don’t let a failure stop you from moving forward.

Surrounding yourself with the right people can drastically impact your success.

It's important to find your niche in the industry, focusing on what works best for you.

Multifamily real estate is a marathon; success doesn’t happen overnight.

Overcoming fear and self-doubt is crucial when taking the first step toward investing. 

Episode Timeline

[0:00 – 2:30] Introduction to Forrest Corral and the focus of today’s episode on multifamily investing.

[2:31 – 6:00] Forrest’s background in real estate and how he got started in the industry.

[6:01 – 9:00] The role of time in building wealth and why it’s the most important resource for investors.

[9:01 – 13:00] Overcoming fear and self-doubt in real estate investing.

[13:01 – 16:00] Understanding market cycles and their importance in making successful investment decisions.

[16:01 – 20:00] The mindset shift required for long-term success in multifamily investing.

[20:01 – 23:30] The significance of mentorship and continuous education in the real estate journey.

[23:31 – End] Closing thoughts on taking actionable steps toward success and key takeaways from the episode.

Contact

LinkedIn: Forrest Corral

Company Website: LTL Investments

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CJ Yamada - Mastering Capital Raising and Follow-Up Strategies

Key Takeaways

Keep your investors engaged by consistently sharing valuable content like market updates and deal insights.

Building a robust CRM by consistently adding contacts through networking events, Zoom meetings, and meetups is critical.

The best time to raise capital is when no active deals are available, allowing for relationship-building without pressure.

Grow your network by making it a goal to meet at least five new people every week through events, meetups, or masterminds.

Don’t give up after just a few attempts. Keep following up 7 to 10 times, and even if you don’t get a response, stay consistent. Make sure you stand out and stay top of mind.

Episode Timeline

[00:03:15] - Mike and CJ discuss the importance of consistent follow-up with leads.

[00:08:30] - CJ explains that 80% of sales happen after the seventh follow-up.

[00:12:45] - Mike emphasizes simplifying communication for better engagement.

[00:18:00] - CJ talks about categorizing leads as “interested, not invested” for future opportunities.

[00:22:00] - CJ advises raising capital when not working on a deal to build relationships.

[00:25:30] - CJ shares how he engages VIP leads using their preferred communication methods.

[00:29:00] - CJ stresses focusing on what you can control and staying consistent.

[00:30:15] - Mike wraps up with a call to take consistent action in building relationships.

Contact

Website: yamadacapital.com

Instagram: https://www.instagram.com/cjyamada1/

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Bethany LaFlam - Navigating SEC Compliance & Building Exponential Growth

Key Takeaways

Institutional investors may require a higher preferred return but typically accept a smaller equity share, offering flexibility in deal structuring.

Policies like rent control can hinder cash flow, especially in areas with rising costs, affecting property valuations and investor returns.

Population and job growth, along with household income, are vital indicators of a market’s potential to sustain rental growth and value appreciation.

Diverse employment sectors mitigate risks during economic downturns, providing stability in occupancy and rental income.

Working with city officials and economic development teams can ease processes like zoning, permitting, and provide incentives, benefiting both the property and local community.

Investors should clarify if they’re prioritizing immediate cash flow or long-term appreciation to align with property performance expectations.

Cost segregation is a powerful tool that enables investors to accelerate depreciation, significantly reducing taxable income and offering potential financial advantages.

Episode Timeline

[0:00] – Introduction to Bethany LeFlam and her legal expertise.

[4:15] – Overview of 506(b) and 506(c) offerings and their implications.

[12:30] – A breakdown of syndication documents: PPM, Operating Agreement, and more.

[18:40] – The importance of Blue Sky Filings and state-specific regulations.

[22:15] – Highlights from Bethany’s upcoming book, The Power of OPE.

[27:10] – Building a team that complements your strengths and the value of delegation.

[29:45] – Bonus segment: Bethany’s favorite Southern California restaurant.

[31:00] – Closing thoughts on compliance, team-building, and entrepreneurial success.

Contact

LinkedIn: https://www.linkedin.com/in/bethanylaflam/

Instagram: https://www.instagram.com/bethany_laflam/?hl=en

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Mike Morawski - Multifamily Investing Insights on Metrics, Market Shifts, and Tax Strategies

Key Takeaways

Institutional investors may require a higher preferred return but typically accept a smaller equity share, offering flexibility in deal structuring.

Policies like rent control can hinder cash flow, especially in areas with rising costs, affecting property valuations and investor returns.

Population and job growth, along with household income, are vital indicators of a market’s potential to sustain rental growth and value appreciation.

Diverse employment sectors mitigate risks during economic downturns, providing stability in occupancy and rental income.

Working with city officials and economic development teams can ease processes like zoning, permitting, and provide incentives, benefiting both the property and local community.

Investors should clarify if they’re prioritizing immediate cash flow or long-term appreciation to align with property performance expectations.

Cost segregation is a powerful tool that enables investors to accelerate depreciation, significantly reducing taxable income and offering potential financial advantages.

Episode Timeline

[0:00 - 3:15] Introduction and background of the guest.

[3:16 - 8:3] Exploring the impact of institutional money in multifamily deals.

[8:31 - 12:45] The role of market conditions in deal success.

[12:46 - 17:20] Key metrics for evaluating multifamily markets, including population and job growth.

[17:21 - 23:00] Understanding the importance of NOI and cap rates in property valuation.

[23:01 - 26:35] The significance of demographics and crime statistics in asset positioning.

[26:36 - 30:10] Social impact through safe housing and community involvement.

[30:11 - 34:50] Tax benefits for real estate investors and wealth-building strategies.

[34:51 - 38:00] Final thoughts, tips for new investors, and closing remarks.

Contact

Website: https://mikemorawski.com/

Email: mike@mikemorawski.com

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Mike Morawski - Business Structures for Success

Key Takeaways

Start by establishing your company identity with a strong business name and an LLC, set up by a business attorney to provide a solid foundation.

Building a website is essential—even a simple one boosts credibility and acts as a digital business card to attract investors.

To develop relationships and begin raising capital, focus on networking to build valuable connections, as strong relationships are key to securing investment funding.

Use a database to nurture leads effectively. Tools like Capitalist Pro help centralize contacts, streamlining communication to guide leads into active investments.

Creating a company thesis/slide deck allows you to showcase your business to investors with clarity and polish, setting you up to make a lasting impression.

Episode Timeline

[00:00 - 01:00] Introduction

[01:00 - 03:30] Establishing Your Business Name

[03:30 - 06:00] Forming Your LLC

[06:00 - 08:30] Importance of having a professional Website

[08:30 - 12:00] Building Relationships for Capital Raising

[12:00 - 13:00] Importance of a Database

[13:00 - 14:30] Implementing Capitalist Pro as a powerful CRM tool

[14:30 - 16:30] Nurturing Leads with the Eight-by-Eight Program

[16:30 - 18:00] Mindset and Approach to Competition

[18:00 - 19:00] Introducing Mike’s New Book: Multifamily Investment Secrets

[19:00 - 20:00] Closing Remarks

Contact

Website: https://mikemorawski.com/

Email: mike@mikemorawski.com

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Mike Morawski - Mastering Multifamily Investing

Key Takeaways

Assembling a knowledgeable and trustworthy team is essential for navigating the complexities of real estate syndication and investment.

Evaluating risks associated with multifamily properties, such as market fluctuations and property management issues, is vital for protecting investments.

Understanding the capital stack is crucial, as it explains how different levels of financing work together in a multifamily deal.

Establishing a property-level LLC adds a layer of protection by separating the investor from the property.

Regular updates and transparent communication with investors build trust and foster long-term relationships.

Profits in real estate come from rental income, property appreciation, and tax benefits from depreciation.

Episode Timeline

[0:00 - 2:30] Introduction to Multifamily Investing and Why It’s a Predictable Asset Class

[2:30 – 5:45] The Importance of Building a Team for Success in Real Estate Syndication

[5:45 - 9:15] Understanding the Capital Stack and Leveraging OPM (Other People’s Money)

[9:15 - 12:40] Identifying and Mitigating Risks in Multifamily Investments.

[12:40 – 16:20] Legal Structures: LLCs, SEC Compliance, and Protecting Investors

[16:20 – 19:50] How Sponsors Earn Fees and Ensure Profits for Investors

[19:50 – 23:10] Networking and Building Relationships in the Real Estate Industry

[23:10 – 26:45] Continuous Learning and the Long-Term Wealth Creation Journey in Real Estate

Contact

Website: https://mikemorawski.com/

Email: mike@mikemorawski.com

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