Multifamily Legacy Podcast in the NY City Podcast Network

076: Hawkeye Towers: The Good, The Bad, And The Ugly (Part 3)

Today I continue to give you behind-the-scenes pointers of my recent Hawkeye Towers deal that closed in December 2018 The truth is deals don t always go perfectly Most gurus don t tell you the truth However the goal of this podcast is to give you the truth Investing is real and there are risks Put the right team together to help things go the way they re supposed to Topics on Today s Episode Hardest part is getting the property to close then get out of the way Follow processes to manage expectations cashflow and projects Find great management companies and great managers with great systems to make money for you Easiest bang for your bucks to make a big difference in property is to change light bulbs to provide a safer environment Testament of a Good Deal Made 45 000 last month and at 87 occupancy Goal 100 occupancy with waiting list by Fall leasing season Under Promise and Over Deliver Strive for the best but set the floor based on your and your investors expectations Cash flow expected to go through the roof rents will be raised 3-7 annually Strive for more time and money for a better life and to make a difference Corey s 3 Assets Belief determination and copying Listen to your mentors and master their techniques to be successful Links and Resources Mentioned Multifamily Legacy Podcast on Facebook Kahuna Investments Why the Rich Get Richer by Corey Peterson Cashflow Calculator Cashflow HQ Sean Terry Quotes by Corey Peterson Getting them to close is typically the hardest part Once you get there and operations take over a lot of the hard work for the most is done I m there to guide the ship but I m not there to make everyday decisions I ll take deals like Hawkeye every day I ll go through the trials and tribulations Things happen But at the end of the day you re here to make a difference It only takes one deal The journey is the reward It doesn t happen overnight Success takes work Don t forget to download my Free Workshop Quickstart Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode