Jun 13, 2022
Welcome back! Today we are
joined by Dan Kreuger, Dan
worked in finance for a Fortune 500 company before making the jump
into multifamily investing and entrepreneurship. He's never looked
back. Together, Anthony and Dan founded Invictus Capital, a
multifamily acquisition firm based in Minneapolis, MN that provides
busy working professionals with the opportunity to Invest Better.
As the hosts of the Multifamily Investing Made Simple podcast and
authors of Passive Investing Made Simple, Anthony and Dan are
spreading the word that investing doesn't have to be complicated,
scary, or overwhelming.
In this episode, we will learn
how Dan shares his tips for starting, managing risk, and
maintaining your real estate business into a beneficial passive
investing. With no further ado Let’s Dive in!
[00:00 - 09:16] Opening Segment
- Dan Kreuger is a co-founder of Invictus
Capital
- He was raised in a traditional route, with less
money at an average.
- He studied finance and realized it wasn’t
serving him well.
- Dan developed a habit reading entrepreneurial
books and later on stumble upon real estate and got hooked up with
it.
- When he started doing real estate it came
natural to him. He find real estate revving im up.
- Dan shares his experience with his first six
unit deal.
- Dan has a phobia of being too salesy, and so by
default, doesn't want to be that cousin who's selling life
insurance at family events.
- He made a conscious effort not to pitch people
around him, instead putting up content online that was just real
estate 101 informational videos.
- People started asking questions about the
content, and it usually ended in them buying the content or
learning more about real estate.
- Dan ventually partnered with anthony and
created a brand around being the go-to place for real estate
education.
[09:17 - 28:15] Tips for Starting a Real Estate
Business
- Quick ad: Nico Invites you to join Jake’s &
Gino’s Multifamily Mastery 5 on November 2022
-
- You have to start a real estate business to do
what we're doing.
- A lot of people actually heard Anthony
presented in this context at an event thinking they want to invest
in real estate. In reality, the active role is starting a real
estate business.
- Dan added that if you ask people who
wants to start a real estate business as opposed to who wants to
invest in real estate, a lot of those hands go
down.
- Passive Investors Want to Know What to Look for
in Operator Communication
- Repeat investors typically communicate with
operators and what to look for in communication.
-
- There are different types of people out there,
it can be difficult to communicate with all of them in a way that
is effective.
- Communication is a core key to build a
successful business and maintaining that investor and operator
relationship.
- It's important to focus on the story when
communicating with potential investors, and to be passionate about
the deal.
[28:13 - 34:31] Real Estate Investor Tips for Managing
Risk
- Some people are scared of real estate
investing, and don't understand the risks involved
- To help mitigate this, Dan recommends setting
clear risk parameters and discussing them with potential
investors.
- He also recommends focusing on the key
benefits of real estate, such as the cash flow and tax
benefits.
- How the company wants to have the biggest
impact possible through its property management and private equity
investments.
- Dan’s company hopes to have a lasting legacy by
impacting as many lives as possible.
[34:31 – 36:14] Closing
Segment.
Find out more and connect with
Nick through his: LinkedIn visit their website at Invictusmultifamily.com or email him directly at Dan@invictusmultifamily.com
You may also Listen to his show
with Anthony Vincino
Multifamily Investing Made
Simple
LEAVE A REVIEW + help someone who wants to explode their
business growth by sharing this episode.
I believe that you only need a
small axe to build a lasting empire. Let’s start building
yours!
To know more about me and all
the real estate opportunities you can find, you can connect with me
on LinkedIn, Instagram, and Facebook, or
check out my website https://smallaxecommunities.com/
and book a call with me.
Tweetable Quotes:
“I think a lot of people end
up finding that they value a heck of a lot more than maximizing how
much money they're making is maximizing how efficiently they're
using their time. And so I think a lot of people would opt to make
20 to 25% passively than 30 to 35% actively, unless they active. I
mean, quit your job. Go start a new business. Cause that's really
what it is. You have to start a real estate business to do what
we're doing.” - Dan Kreuger