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How We Acquired A 25 Unit Property With No Money Out of Pocket

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On the surface, you'll see that 3 teammates helped purchase a 25 unit apartment property with no money out of pocket! What you don't see is all of the work it took behind the scenes to make it happen. Mike Swenson, Justin Rademacher, and Mike Gengler, co-founders of Elite Advantage Properties, walk through the journey they've taken over the past 2 years that led them to this point. We discuss the ways we've helped investors buy their own properties, all the relationships that we've made and cultivated along the way, and all the deals we've analyzed, to where we were able to put the pieces together on this deal and make it happen. If you're looking to invest passively in real estate in the future, this is an important episode to hear of all the work that happens behind the scenes to provide investors with great passive real estate investments!

 

In this episode, hosted by Mike Swenson, we discussed:

  • Real estate sales is more of a...
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Maria Quattrone - The Journey Of Building Generational Wealth

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Maria Quattrone is a sales, marketing, and negotiating expert that has built multiple businesses over her years and is striving to help others build generational wealth - particularly for women and minorities. She is the Founder and CEO of the Maria Quattrone and Associates of Remax @ Home and Motto Mortgage Expert Solutions. She's worked in the Philadelphia area, and closed over 2,700 transactions for over $700 Million in sales. She's also the host of the "Be The Solution" Podcast and was the creator of the PA Real Estate Scholarship Program to provide scholarships for women and minorities to go through her Rise In Real Estate Academy. Maria shares how she built her business, what she's doing to succeed in today's real estate market, and how she's helping others to build generational wealth.

 

In this episode, hosted by Mike Swenson, we discussed:

  • In a brokerage firm, we run as a team organization to utilize the power of the brand by means of...
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Shawn Moore - Lifestyle Freedom Through Vacation Rentals

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"Dad, you should sell real estate in Hawaii!". As a suggestion from one of his kids, it was at this moment on a family trip in Hawaii, that an idea grew. Instead of having to go back home to the lower 48 states to sell real estate, what if you could go where you want to go AND make money at the same time? Today Shawn Moore runs Vodyssey, the #1 vacation rental investing education company with the goal to cut through the noise and help you find success managing profitable vacation rentals yourself. He's helped people acquire over 1,000 properties in the past 2 years and is also the host of the Vacation Rental Revolution podcast. Learn some of the top ways that Shawn helps people identify markets, review pricing, occupancy, and start building the life they've always wanted through vacation rental properties.

 

In this episode, hosted by Mike Swenson, we discussed:

  • Customer experience is the key in the hospitality space.
  • Real estate allows the...
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Kase Knochenhauer - Firing Himself Everyday To Live Life On His Terms

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Kase Knochenhauer has been in real estate for 6 years. He's worked long hours, taken on too much stress, and described launching a brokerage "a massive failure." He then found a great integrator (read Gino Wickman's "Rocket Fuel" book), made more key hires, and has been working to fire himself each day. By aligning with great people, he's been able to work less, love life more, with the goal of working 15 hours a week and traveling with his family 4+ months per year, while his company is still flipping 60+ homes per year in Michigan and acquiring 120+ rental units. That's the power of great leverage! In fact, he's loading up his Toyota Tacoma near the end of the year to travel with his wife, 2 sons, and dog and live life to the fullest.

 

In this episode, hosted by Mike Swenson, we discussed:

  • Partnership is a great key to the growth and success of his flip business
  • Employees are different from each other and they're often better than you, when...
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Pranay Parikh - From Doctor To Real Estate over $1B

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For many, becoming a doctor is one of the highest career paths people aspire to. For Pranay Parikh, after becoming a doctor, he found that he didn't have the financial security or control over this time that he would have liked. So he decided to get into real estate investing to build a stream of income so that he could practice medicine on his own terms. As Co-Founder and President of Ascent Equity Group, Pranay has built a portfolio of almost 6,500 units and $1.2 Billion of assets. As host of the "From MD to Entrepreneur" podcast, he aspires to help physicians become passive investors in real estate and reach financial independence to do more of what they love. Hear Pranay share how he's built his business and helped so many others along the way.

 

In this episode, hosted by Mike Swenson, we discussed:

  • The importance of having solid expertise on your team to do deals.
  • If you continue to do the right thing, your investors will trust...
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Erik Smolinski - Marine Vet To Self-Made Millionaire By 30

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Many people think that to become a millionaire by the age of 30, you have to come from money, have loads of opportunity coming your way, or get lucky becoming some sort of overnight success. This isn't Erik. He was a child of a single parent in a low income household and worked odd jobs as a kid and wasn't planning on attending college. After getting into investing in high school, he saw a future path to wealth. He did up attending college (thanks to a scholarship he earned), enlisted in the Marines, completed 6 years of active duty, earned an MBA and now spends his time doing trading, investing in real estate, and angel investing. Find out how he strategically used the VA loan to build over 250k in net worth and how he'll continue to use it in the future.

 

In this episode, hosted by Mike Swenson, we discussed:

  • Mindset is important in how you approach life, build wealth, and pursue things.
  • Being exposed to different paths is important for...
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Mike Swenson - 5 Ways My Life Changed Over The Past 100 Episodes

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We made it to episode 100! What a journey it has been, and so much has changed over the past 2 years. I'm sharing 5 big ways that my life has changed as a result of hosting the REL Freedom podcast. Spoiler alert: We also have a new business venture to share, which I do in the episode! I share how my mindset has changed, how our Elite Advantage Team real estate business has completely pivoted in a new direction, why real estate is an amazing way to build passive income to fund your future, and why it's so important to invest in your greatest asset - YOURSELF! A huge "thank you" to everyone that has added to this podcast over the past 100 episodes - the guests, our team behind the scenes for editing & marketing, and my awesome real estate team. I'm looking forward to the next 100 episodes to impact more lives to help you build time and financial freedom through real estate!

 

In this episode, hosted by Mike Swenson, we discussed:

  • Five...
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Brenden Kumarasamy - Become A Top 1% Communicator in Real Estate

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Communication is key. In real estate you're using your communication skills to work with clients, partners, investors, vendors, and others. Brenden Kumarasamy founded MasterTalk, where he coaches ambitious executives & entrepreneurs to become the top 1% communicators in their industry. In fact, his Youtube channel has over 26,000 subscribers! His goal is to provide free access to communication tools for everyone to use. We'll discuss how those in real estate can enroll people into their vision, motivate people, how to ask great questions, utilizing video, and much more.

 

In this episode, hosted by Mike Swenson, we discussed:

  • Communication is essential because we enroll people into our vision
  • Communicating your vision like clockwork is essential
  • Bulletproof a pitch:
    • Dinner Conversation
    • Question Drills
    • Video Message Strategy
  • Marketing is important as well as messaging
  • “Priority” is the most important thing before going into...
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Brandon Cobb - Vertically Aligning Your Real Estate Business For Growth

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What happens when you're in medical device sales and you realize you want to take control of your life and build the life you want? Meet Brandon Cobb! He got his general contractor license, jumped into real estate and now manages $22M of new development and has active ownership in $33M of commercial real estate. Based out of Nashville, TN, Brandon owns HBG Capital, HBG Construction, and works on ground up new developments, land development, residential property rehabilitation, and commercial multifamily acquisitions. Brandon shares how he's build his company through hiring A+ people, building strong systems and processes, and how he brings in investors to help him grow!

 

In this episode, hosted by Mike Swenson, we discussed:

  • Brandon's transition from medical device sales to real estate.
  • How Brandon grew from a newly license General Contractor to running a large real estate business.
  • The challenge for the people starting out is they don't know...
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Erin Shine - Creating Profitable Net Zero Rental Properties

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What if you could create a net zero home (creates enough renewable energy to power the home) that also was a profitable rental? Meet Erin Shine, who is the perfect balance between sustainability and a real estate investor. After creating his own 7-figure Inc. 5000 company, which he successfully exited in 2017, and having been a real estate investor since 2009, he set out on a new adventure. He wanted to combine using energy efficiency and renewable energy with traditional real estate investing principles to make a win-win with both monetary and environmental goals. He packed up from Denver, CO and moved to Cape Coral, FL to create a net zero rental property. Listen and find out how he did it, the lessons he learned along the way, and how you can position yourself into an amazing niche where you too can help the environment and create a profitable rental portfolio at the same time!

 

 

In this episode, hosted by Mike Swenson, we discussed:

    ...
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