This is The Accountability Series Podcasts Season 2 Episode 3

Oct 3, 2022

Welcome back to Small Axe Communities Podcast!

 

We have reached the end of the third quarter of the year, and in this episode, we are back with The Third Quarter As An Active Real Estate Investor (pt.3) | Accountability Series Podcast Season 2 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 Alex Tam, Michael Sanchez, and Bob Mastroianni, as they share their Journey with us! 

[00:49 - 17:19 ]Alex Tam’s latest Joint Venture Business and his Experience using VA services to save time

• Alex talks about his latest business venture - a joint venture with another MIH member to buy apartments in Lincoln, Nebraska.
• make sure that the net worth of everyone involved is at least the amount of the loan, and they also help with asset management.
• Building relationships with investors and providing them with information to make informed decisions about investing.
• Virtual assistance can help you save time and money
• Alex has 10 full-time VA’s that do blogging, social media management, and video editing
• VAs bridge the gap between real estate investors and other business owners.
• Follow Alex Tam
• see the links below! 

 

[17:19 - 18:40] Nico Invites you to join Jake’s & Gino’s Multifamily Mastery 5

MM5 will be held 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 of a discount!

[18:41 - 39:10] Michael Sanchez's Seller Financing Becomes More Accessible

• Michael Sanchez and his wife are working on a multi-family project that will include turning four apartments into short-term rentals.
• The couple plans to use their new cash flow from their rental properties to invest in their business and pay off their personal debts.
• The importance of diversifying one's income stream., 
• Looking to do more fixes and flips as well as wholesale deals in the near future.
• The company is now looking to hire better architects, that can get the project done on schedule for their new partners
• Follow Michael Sanchez
• see the links below! 

 

[39:10 - 58:00] Bob Mastroianni’s The importance of networking and staying ahead of the curve

• Bob just recently recorded his 20th podcasts episode 
• Bob shifted their focus to smaller 20 - 60 deals after three years
• He recommends focusing on multifamily opportunities
• He plans to attend 2 travel networking events in November one of which is Jake and Gino’s Multifamily Mastery 5
• And he also plans to participate in a Boot Camp in December.
• Follow Bob Mastroianni
• see the links below! 

 

CONNECT WITH THEM:

Alex Tam:

Follow him on Facebook and LinkedIn

or email him through [e-mail]

 

Michael Sanchez:

Visit their website https://mtinm.com/

Call him through 5055072358

Reach him through his email at [e-mail]

Bob Mastroianni:

Follow him on Instagram

or email him 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

 

“With VA’s You can build an enterprise, you can build a group of people that are working for you, an actual company at a fraction of the price. And some people say, Well, we need to keep it here in America, but we also need to help people around the world. And by hiring somebody, even though it's a lower price point, you are really truly helping them out in their home.”

- Alex Tam

 

“At the end, on the exit strategy you'd be looking at a REFI, but you want to let the seller know, that it might be more of a long-term play, especially right now, you're not going to try refinancing out until the rates go down.”

- Michael Sanchez

 

The positive really outweighs the negative. I really am enjoying the conversations I'm having with people. The education I'm learning a lot about different things that people have done on their journey."  

- Bob Mastroianni