This is the Accountability Series Podcast Season 2 Episode 2

Jul 11, 2022

Welcome back to Small Axe Communities Podcast!

 

We have reached the end of the second quarter of the year, and in this episode, we are back with the second season and second episode of The Accountability Series. All of these participants have a variety of levels of experience in real estate, but not necessarily in commercial multi-family real estate. And that's what they're looking to do breaking into that space.

 

Nico meets with each of the participants once a quarter to track their progress. The objective is to see what it takes to become successful in this space over the course of a year. Let’s listen to Bob Mastroianni, Michael Sanchez and Nancy Huynh as they share their Journey with us! 

 

 

[00:01 - 23:50] Bob Mastroianni discusses the second quarter of his first year of real estate investing.

• Bob focus on managing properties and recruiting the best talent
• He is currently working on recording his 10th episode of his own podcast, which will cover topics such as mindset and routine in business.
• Bob also belongs to an accountability pod where they discuss underwriting deals.
• He shares how he has been growing their business and incorporating health into their success.
• He is also been meditating and working out to improve his lifestyle.
• Bob adds that he has made connections with other successful business owners and gotten advice from them.
• He is currently underwriting deals again and feels that this is the best time to do so
• Follow Bob Mastroianni 
• see links below! 

 

• Quick Ad: Nico Invites you to join Jake’s & Gino’s Multifamily Mastery 5 in Florida this coming November 2022 If you’re joining, Nico Salgado offers early bird pricing for you! All you got to do is connect and message him through his Instagram, Facebook, and LinkedIn or email him directly at [e-mail] to get the code that you can use to avail a discount!

 

[23:51 - 38:47] Michael Sanchez's Construction Business Continues to Run Smoothly

• Michael Sanchez, discusses his upcoming project.
• Michael says that interest rates are going up, which is affecting their ReFi.
• Michael talks about transitioning out of their construction business and into a full-time real estate investment business.
• Michael says that he's working hard on his upcoming project and that it's going well.
• The company was originally doing flips, but has since shifted to real estate full time
• They are converting a commercial office space into apartments in Albuquerque, New Mexico
• They are currently waiting on 16 people to fill the apartments they have already converted"
• Follow Michael Sanchez
• see links below! 

 

[38:48 - 01:00:48] Nancy's Huynh Real Estate Deal Gets Six Investors

• Nancy was given the opportunity to be a co-sponsor on 132 unit apartments in the Cincinnati market.
• This has occupied a lot of her time and energy for the past couple of months.
• this is one of Nancy's favorite ways to get involved in real estate.
• She made it a personal promise to herself that it would be fun.
• She has been in touch with six other investors so far.
• The deal is under contract and should be finalized within the next few months.
• Nancy, was able to get in most of the investors who did soft commit to place their hard commitments within that week.
• Nancy is still looking for capital and would love for people to join.
• There are still opportunities until the deal closes.
• Follow Nancy Huynh
• see links below! 

 

CONNECT WITH THEM!:

 

Bob Mastroianni:

Follow him on Instagram

or email him through [e-mail]

 

Michael Sanchez:

Visit their website https://mtinm.com/

Reach him through his email at [e-mail]

Nancy Huynh, MD

Visit their website https://clearvisioninvesting.com/

You may also email her through: [e-mail]

 

 

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 just want everybody to understand that this is public information, how the property's currently being assessed. And if you call the tax office, they're going to tell you how they assess in some counties, they'll say, okay, we assess properties every five years, or we assess properties every X amount of years. And this is the way we do it.” - Bob Mastroianni

“We didn't know everything we know now. So we were like, we need to save every single penny and we need to sell everything because we're gonna need millions and millions of dollars to take down a project. And now we've learned so much more about leverage that we're able to do a lot more with it.”
- Michael Sanchez

“Everyone always says that they underwrite conservatively, but. Digging deep into the numbers and the assumptions that these operators are making us critical to see if they are actually being conservative and taking the necessary precautions to protect as much as they can against the downsides.”
- Nancy Huynh, MD