Jul 16, 2019
Steven Libman started as a
fix-and-flipper, and then added single-family and multifamily real
estate to his portfolio. He was already focused on achieving
results.
After attending the Kahuna
Boardroom, Steven hit the ground running. Now, I’m not saying my
Boardroom is the be-all, end-all. But since then, Steven’s
Integrity Holdings Group has closed $32 million in deals, plus $34
million under contract. Those are amazing results!
Topics on Today’s
Episode:
- Right
Way to Raise Capital: At a lower cost than other
syndicators
- Majority of Money: 90% invested in stocks,
mutual funds, and bonds; $4 trillion sits in 401(k)
market
- Identify and supply what your investors want
and need
- Secured Asset: Based on cash flow, deployment,
and additional tax benefits
- Integrity Properties: Return of capital via
stability, consistency, and passivity
- How
to Scale: Copy blueprint to be bigger and do more wholesaling,
flipping
- Get
Educated vs. Get Deals: Learn about underwriting, how to manage
deals, and talk to property managers
- Mentor’s Advice: Money is not in the deal;
money is in the money
- Big
Vision, Big Ideas, Big Dreams: Bring deals, find sponsors, perform
as promised, and find more deals
- At-risk Relationships: Deploy money into
dependable sponsors with integrity, track record, and
processes
- Searching for Steven: Full-time deal maker with
access to stock market alternative to raise capital
- Only
sell away what the broker has and recommends to sell; traditional
brokerage firms only do liquid real estate that can be traded in
open market
- 401(k) Reform: Allows brokers to sell annuities
for people to be paid annually; people can self-direct raw
individual retirement accounts (IRAs) to their 401(k)
- Know,
Like, and Trust: Set expectations and overdeliver
- Why
you do what you do: Not just about money, but changing/impacting
others
- Learn
from Failures/Blind Spots: Be honest with yourself; grow stronger,
not weaker; and partner with people to help fill gaps
Links and Resources
Mentioned:
Quotes:
“When people tell you that
you’re going to run out of money at that cost of capital...they
don’t understand the returns that people are typically getting.”
Steven Libman
“We’re about stability,
consistency, passivity, and we’re all about return of capital
first, return on capital second.” Steven Libman
“It only takes one deal to have
a life changed.” Corey Peterson
“I could teach until the cows
come home with what I know, but it takes someone else’s vision,
too, to really drive that down the road.” Corey Peterson
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.