Jack Woomer has worked in the multifamily industry for almost three decades, but he has a side hustle. He's been doing it since the year 2000. His side hustle is buying houses, rehabbing them, renting them, or quickly selling them for a profit. In other words, he is a real estate investor and has been quite successful at it. In fact, he has flipped over 70 homes while working a full-time job.
Jack has learned some valuable but painful lessons about investing in general, and how different it is from speculating. As a reminder, we do this podcast to help YOU avoid mistakes and expedite your journey to financial freedom.
Do you struggle with greed? Hear how greed can cloud your vision and destroy your business, and learn how you can avoid the same pitfalls.
Bill Manassero is the founder of the Old Dawgs REI Network, a blog and podcast for people 50 and older who are using real estate investing to fund retirement. Bill's goal is to own and control 1,000 apartment units in less than six years. Prior to owning the Old Dawgs REI Network, Bill and his family served as missionaries in Haiti. Before he was a missionary, he spent twenty years in financial/business services, in both the entrepreneurial and corporate sectors. A few highlights of Bill's career include meeting Ronald Reagan, Jimmy Stewart, being interviewed by Oprah Winfrey, and having CNN make a documentary about his work in Haiti.
Michael Blank is a full-time entrepreneur, investor and coach who’s passionate about helping others do their first apartment building deal and get out the rat race. Michael has raised $1.6M for 35 residential and multifamily projects valued at over $7.5M. He continues to actively invest in apartment communities in multiple states throughout the East Coast and Midwest. His asset management partners control over $58 million in performing multifamily assets all over the United States. In addition to his own investing activities, Michael provides training and consulting services via www.TheMichaelBlank.com and has helped students acquire over 300 units valued in excess of $11,000,000. Michael is the host of the popular podcast “Apartment Building Investing with Michael Blank” and he writes regularly for the Bigger Pockets and Flipnerd’s REI Classroom. Michael lives in Northern Virginia with his wife and 4 children.
Around 1997 Scott Meitus, Founder and Director of the Windward Group, was working for a fairly large real estate firm in Chicago. They did a number of condominium conversions.
The story got interesting when the president of the company wanted to push the envelope. They tried to expand into the Milwaukee area—and it didn’t turn out quite as well as they had hoped.
Brian Fouts, CEO of The Elevation Group, and his brother had a real estate project sourced by someone they considered a trusted source.
The deal didn’t look much different than all the others they had done. They were excited, and they closed on it within a week, moving very fast to take advantage of a hot market.
Little did they know they put their trust where it didn’t belong...
John Collins, business developer for GetRichEducation.com, entered his first investment in his mid-thirties, after attending an investing summit on a cruise ship.
In the span of just one year, he spread himself far too thin and had to offload just about everything he’d taken on.
Here’s how it happened.
You’re probably familiar with Groupon, LivingSocial, and other daily deal sites.
He was told they were fully funded, so he quit his job and went over as the fourth team member. Then he realized the other three didn’t know what they were doing—none of them did.