Co-Living and Multifamily Conversions 24x7 Cashflow Strategies for Real Estate Investors

Co-Living and Multifamily Conversions 24x7 Cashflow Strategies for Real Estate Investors

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps
[00:20] Beau introduces Brian Grimes on the show and talks about his credentials
[00:54] Brian shares his backstory and tells us how he started in financial planning and real estate
[02:33] The difference between Brian’s strategy before and now
[04:15] How to maximize cash flow on properties
[05:59] Doing DSCR type of loan on the takeout
[08:10] What are some of the best deals right now
[10:20] The developer is the “King of the Hill” in real estate
[10:40] What is a buy-right program?
[12:35] If you want to become good at anything, you have to study it first
[13:27] How to find cheap deals?
[14:40] The problems with flipping a bunch of houses
[15:15] You can’t find the best people but they are watching
[17:04] Pay everybody on time and treat them with integrity
[18:14] You got to buy and hold to create long-term wealth by flipping
[18:38] Brian put together a boots-on-the-ground program
[21:59] Setting up co-living within a triplex
[24:12] How to identify a real guru?
[25:02] The transparency goes back to integrity; it has to be second to none
[26:18] Real estate is a solo sport and a team sport, ownership is a solo sport, and the building process is a team sport
[28:54] Do not mess with our community
[29:25] You have to manage the manager; it can be difficult when you do not have the volume
[30:43] The easiest way to withhold knowledge
[31:06] Brian’s goal is to rebuild the communities and rehab the neighborhoods
[31:19] What are Brian’s primary target markets
[33:30] Where to go to find out more about Brian
[35:58] Getting locked in and staying focused on what is the task ahead
[36:05] Have a delayed gratification attitude and do not look at the results quickly

The video discusses practical tips for escaping the nine to five work schedule and achieving 24/7 cash flow through real estate investments. The guest, Brian, shares his background in finance and how he transitioned from the corporate world to real estate investment. He discusses his strategy of using the BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy to acquire properties with a developer spread, renovate them, and refinance to get all the invested money back. Brian also talks about maximizing cash flow on rental properties by flipping the kitchen to increase the number of bedrooms and utilizing Section 8 affordable housing. He shares his sources for finding cheap deals and emphasizes the importance of integrity and paying contractors on time to attract the best talent. Brian also offers a mentorship program and a "done for you" model for investors who do not have the time or expertise to invest in real estate on their own. He encourages investors to focus on delayed gratification and stay focused on their goals to achieve success in real estate investment.

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💥 Thanks for watching 💥
#coliving #multifamilyinvesting #realestateinvesting

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

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