I am often contacted by people who think that multifamily real estate is a way to hide their money. This is a misconception that I want to address on this episode of the Heartland Multifamily Show. There are many benefits to being a multifamily investor. Your money is insulated from theft because no one can steal your ownership of a property. Your money may grow because the property becomes more valuable, or you may be able to write off the depreciation if it goes down, while still receiving income from your tenants. There are also tax benefits, especially if you invest your money in other multifamily properties. Put together, you may see all these benefits as hiding your money, but there’s nothing illegal about it. Learn more on this episode of the Heartland Multifamily Show.

In this episode of the Heartland Multifamily Show, we are talking about real estate fails. Specifically, we are talking about why many real estate investors are heading toward a cliff and may have to bail out before they drive off it. The costs of owning and operating multifamily real estate have gone up significantly in the past few years, and because tenants are getting squeezed by the same economic forces, landlords can’t raise rent. Watch this episode and we’ll do a deep dive into why this is happening and what you can do to prepare yourself for a tough couple of years.

On this episode of the Heartland Multifamily Show, we’re putting down our real estate hats in favor of thinking caps. It’s our first episode of “Uncle Darin.” Uncle Darin is a source of folk wisdom, because, after all, he’s wise and he’s from Iowa, which is where a lot of folks live. In this inaugural episode, we answer the question of why you don’t have what you want. The answer isn’t complicated, but it isn’t easy to hear. Watch the episode to find out the two biggest reasons you don’t have what you want in life.

In this episode of the Heartland Multifamily Show, Trot and I talk about market crashes. The market always goes up on a long enough timeline, as does real estate, but market dips and corrections are inevitable. When the market does go down, should you sell or buy the dip? Well, the answer isn’t one-size-fits-all. This episode will tell you what to do when the market goes down.

In this episode of the Heartland Multifamily Show, we’re talking about the three different types of multifamily investors: Investors who want income, investors who want to build wealth, and investors who want a mix of both. Trot and I talk about what our experience has been with each type of investor, and what the benefits and drawbacks are of each. What type of investor are you? Leave a comment below.

On this episode of the Heartland Multifamily Show, I reveal why I am raising millions of dollars from savvy investors. The past few months and years have been a great opportunity for multifamily investors, especially when it comes to interest rates. But now, interest rates are going up, and other costs are as well, and many investors are starting to lose money. What’s more, many of them structured low loan payments in exchange for a balloon payment at the end of the term, and now that last payment is looming. Their inexperience is going to be our opportunity, as we are preparing to buy at much lower prices than market value. Watch this video to learn more about what we’re doing now, and what we’ll be doing in the future.

On this episode of the Heartland Multifamily Show, we are going to reveal 3 tells that give away that you’re about to be scammed. When you see these red flags, you know to turn down the offer and never do business with that person or organization again. On this episode, you’ll hear about the story of a Ponzi scheme, and why the same principles apply, whether you’re selling fictitious pickleball arenas or poor real estate deals. Watch this episode to avoid getting scammed.

On this episode of the Heartland Multifamily Show, our special guest is Raul Villacis, founder of the Next Level Experience, a personal development company that teaches men how to discover or rediscover their EDGE. In this episode, recorded in his studio in Stamford, CT, Raul shares his early real estate successes and failures that led him to the personal development world. Like many entrepreneurs, he has multiple income streams, so he never stopped investing in real estate. Raul talks about his experience with cryptocurrency and NFTs, and contrasts the get-rich-quick philosophy of crypto with the build-wealth-slowly philosophy of real estate investing. Watch this episode to learn some of the lessons he’s learned from decades of real estate investing.

This is the story of my most unusual multifamily real estate purchase. In this episode of the Heartland Multifamily Show, I tell the strange but true story of how I purchased a 12-unit property from the children of the owner, and why I was never able to even meet the owner. This incredible story involves a grieving widow and a UFO cult. Watch this episode to hear this story.

This episode of the Heartland Multifamily Show is a trip down memory lane. I share the story of one of my investment properties, and the very circuitous route to get it. As you’ll hear, I spent years trying to buy it, and when I was able to buy it, I had some last-minute surprises. There are many lessons that you can take away from my experience. Watch this episode to hear this fun and informative story from 20 years ago.

In this episode of the Heartland Multifamily Show, Trot and I will be discussing a major decision that multifamily investors must make: whether to invest in a fund, such as my own Heartland Investment Fund, or to buy a rental property and go through the process of finding financing and arranging for maintenance and other expenses. There is no right answer, only the right answer for you. This episode will give you all the information you need to make an informed decision on which investment avenue to invest in, but remember, you can also do both! Watch this video to learn more about multifamily investing.

If you want to make money in multifamily real estate investing, there are three things you need to do. This video will show you the three things you need to do that most people don’t: Learning, taking initiative, and learning from your mistakes. They aren’t that complicated, but they do require hard work, discipline, and patience. If you implement these three things you will be ahead of most investors.

As you may have heard, New York Justice Arthur F. Engoron ruled that Donald Trump had illegally inflated the value of his real estate holdings to deceive banks into giving him loans that were larger and at lower interest rates compared to the actual value of his properties. Now if value is subjective, or at least subject to negotiation, how is this even possible? This episode is a deep dive into the world of real estate viewed from the perspective of experienced multifamily investors.

On this episode of the Heartland Multifamily Show, we watch a clip of Dave Ramsey giving a pretty harsh reality check to any would-be investor. You may have heard on TikTok or other short-form social media sites that once you buy a multifamily property, your renters pay your mortgage. While that is true in the sense that your money does come from rental income, you can’t just sit back and wait for a truck full of money to come to you. In this reaction video, Trot and I discuss this clip from Dave Ramsey’s show.

This episode of the Heartland Multifamily Show is a reaction to a viral video claiming it’s so easy to make money in real estate, it’s like printing money. According to this video, you make money in 5 different ways, and you can never lose. Unfortunately, real estate is not that simple. This video covers 3 things that you need to be wary of if you want to be successful in multifamily investing. Life doesn’t always go the way the spreadsheet says it will, so watch this episode before you invest.

In this episode of the Heartland Multifamily podcast, Trot and I discuss the strategic use of debt in achieving financial success, particularly in real estate. The conversation addresses common concerns and strategies associated with taking on debt. Key points include the importance of having a clear understanding of one's balance sheet or net worth, which reflects the value of assets minus liabilities. This understanding helps mitigate the stress associated with debt, especially when it's leveraged strategically to grow one's business or investment portfolio. We also talk about the concept of loan-to-value (LTV) ratio, emphasizing our preferred sweet spot of 50 to 60% LTV as a balance between risk mitigation and avoiding personal loan guarantees, which can add stress and risk to financial ventures. This episode offers valuable insights into managing debt wisely to enhance financial growth and stability.

On this short episode of the Heartland Multifamily Show, I react to a TikTok video that claims that many vacant apartments are now empty. According to the content creator, investors have built too many luxury apartments, and now they are sitting empty. As a result, the landlords and management companies have to lower prices or even give away a month or two of free rent (Which actually covers the real estate broker’s fee), which even brings down the price of single-family homes. It’s quite a claim, but is it overblown? Trot and I discuss this video, and give our insights from our experience being multifamily investors.

In this episode of the Heartland Multifamily Show, Trot and I give our predictions for 2024. Our discussion is tailored for investors and property owners, focusing on key trends and predictions that are essential for informed decision-making in this sector. We explore the rise in distressed multifamily properties, the impact of the 2024 election on real estate investments, and the anticipated increase in property values despite market challenges. Additionally, we discuss the politicization of affordable housing and the evolving role of buyer brokers in the multifamily space. Watch this video to gain a concise yet comprehensive understanding of the current multifamily market dynamics. Our conversation is particularly beneficial for those looking to grasp the complexities of the market, offering insights into potential opportunities and challenges. This episode is an invaluable resource for anyone involved in multifamily real estate, aiming to navigate the market effectively in 2024.

In this episode of the Heartland Multifamily Show, Trot and I discuss a secret weapon to investing success that most investors overlook. In fact, it’s so often overlooked that it’s actually noteworthy when someone does take advantage of it. What is it? It’s physical fitness. Most people don’t make the connection between physical fitness and investing success, but there are many compelling reasons to make time for fitness. Investing is hard. You’re going to face adversity. Facing the physical pain of being gassed out or lifting weights is something you will have to face if you are pushing yourself in the gym. This will prepare you mentally for the pain of deals not going your way, or needing to go that extra mile when making a real estate deal. In addition, being fit will give you energy, which is something that you’ll always need. Watch this episode of the Heartland Multifamily Show.

On this episode of the Heartland Multifamily Show, Trot and I discuss three factors that can make the difference between finding the right property manager and having a poorly managed property that will lose renters and value. This is such an important component of successful multifamily investing that it surprises us how infrequently potential owners do this. In fact, we find that many owners come to us after it’s too late and they want to sell a property that is losing money. This episode will give you three things you can do (and one bonus one) that can make a huge difference in your multifamily investing journey.

In this episode of the Heartland Multifamily Show, Trot and I discuss the importance of not only setting goals but achieving them early. We delve into the common practice of making New Year's resolutions and how many people, particularly entrepreneurs, delay their start, often waiting until the new year begins. We explore strategies for accomplishing goals, targets, and resolutions ahead of schedule. The idea is not to wait until the end of the year to celebrate achievements but to potentially reach these milestones much earlier, like by June or September. This approach can be a game-changer for many, especially in the multifamily business where we constantly operate with targets and goals. The episode promises to reveal practical strategies that can help listeners stop putting brakes on their progress and achieve their objectives well before their deadlines.

In this episode of the Heartland Multifamily Show, Trot and I discuss a topic that's crucial for anyone in the multifamily investment space: the common mistakes made by multifamily property sellers. In our many years of experience, we have identified three significant errors that can cost sellers a substantial amount, ranging from tens of thousands to even millions of dollars. These mistakes are not just relevant to the current market conditions but apply to any market. One of the primary mistakes we delve into is the emotional attachment sellers often have to their properties. This attachment can lead to unrealistic valuations and expectations, which can significantly hinder the success of a sale. Surprisingly, sellers can be attached emotionally even when it’s an investment property. Watch this episode to learn how to avoid making these mistakes and keep potentially millions of dollars in your pocket.

In this episode of the Heartland Multifamily Show, Trot and I, explore the changing landscape of real estate, focusing on the roles of agents and brokers in today's technology-driven market. We discuss how the availability of information and technology has altered the traditional functions of real estate professionals, allowing consumers to take on more responsibilities in property transactions. We also explore the legal complexities surrounding real estate commissions, particularly the recent class action lawsuits against the National Association of Realtors. These lawsuits challenge the traditional commission splits between selling and buying agents, highlighting potential conflicts and legal issues in the industry. This episode offers valuable insights into the evolving real estate market, making it essential viewing for anyone involved in property investments or real estate transactions.

This episode of the Heartland Multifamily Show is about debt. But surprisingly, this show is not about money. Instead it’s about a concept called “Primal debt.” Not prime debt, not primordial debt, not sub-prime loans, but a different kind of debt. This is the debt that you owe to your ancestors, to the people around you today, and to your future descendants. The debt is paid by living your best life. You owe it to them, all of them, to live the best life you can. You have to appreciate the sacrifices that your ancestors made to give you the life you have today. You owe it to the people around you today to provide them with the best life you can. And you owe it to your children and future grandchildren and so on, to provide the best foundation so they can live their best lives. Watch this episode to learn about a new way to think about your life.

In this episode of the Heartland Multifamily Show, Trot and I discuss key mistakes that hinder financial success in multifamily investments. We share what prevents regular people from earning the last dollar needed for financial freedom. This episode is a must-watch if you are just beginning your journey in multifamily investing. What you may be surprised to learn is that you are in control of all three of these. You don’t have to wait for anyone else’s permission to get started in multifamily investing. Watch this episode to learn how to avoid these pitfalls and you can reach your goals much faster than you thought possible.

Today on the Heartland Multifamily Show, Trot and I are talking about Defcon 3. What is it? Why do investors get to Defcon 3? How can you get out of Defcon 3, and what opportunities are there if you want to buy a property that’s at Defcon 3? Defcon 3, meaning Defense Condition 3, is a phrase that dates back to the Cold War. The Defense Condition went from Defcon 5, meaning peaceful but aware of threats, to Defcon 1, which is a full-scale nuclear attack. This analogy also applies to multifamily real estate investing. When you are at Defcon 3, you are inching closer to disaster, but you have the opportunity to right the ship before things get so bad that you can’t fix them. And on the other side of it, if you are an investor who sees another property at Defcon 3 and you have done your due diligence, you can get a good deal to buy and fix up a property that the previous owner has mismanaged. Watch this episode to learn the basics of Defcon 3.

Today on the Heartland Multifamily Show, I’m talking about a not-so-secret secret to success in life. I know it may sound a little conceited, but if you want to be a winner, you’ve got to be around other winners. As Jim Rohn and many others have said, you are the average of the 5 people you spend the most time with. On this episode, Trot and I discuss why most people don’t spend time around people smarter and better than them, so you can understand what hurdles you have to overcome in order to be around winners, so you can be a winner yourself.

Today on the Heartland Multifamily we are talking about Blackstone. Blackstone is one of the largest real estate holdings in the world, with a global portfolio that spans from residential rentals to hospitals, hotels, self-storage, shopping centers, and more. (Note that they are unrelated to Blackrock, another large investment firm.) Blackstone has lowered the amount they distribute money they collect from these rentals to their investors and now they are defaulting on loans. It turns out that even with billions of dollars worth of property, you can still have operating expenses that are greater than your income.    On this episode, Trot and I discuss the many warning signs that the media seems to have missed, and how their financial trouble can affect you, the small multifamily investor. Watch this episode to learn valuable lessons and you may even avoid getting crunched if Blackstone declares bankruptcy.

On this episode of the Heartland Multifamily Show, I am going to talk about two important things that you must understand to be a successful multifamily investor. These are two things that go hand in hand, you can’t have one without the other. I’m talking about strategy and tactics. You can’t implement your strategy if you don’t execute tactics, but you can’t execute those tactics if you don’t have a strategy for growth. In this episode, you’ll learn why you need to know your timeline, why you need both whether you are a passive or active investor, and how you can get on the same page with your investing partners. If you can understand how to do both, you can have a road map for successful investing.

In this episode of the Heartland Multifamily Show, we discuss a recent article in the Wall Street Journal saying that renters have the upper hand. What this means is that tenets, not property owners, have greater leverage when it comes to finding a place to live and work, and therefore rents are declining (or at least not going up as fast). As a result of this, many investors are seeing red on their balance sheets. As an investor, you need to understand the risks and benefits of investing in multifamily, or any other kind of real estate. This episode will help you navigate this tough period by keeping your mind on the long-term profits you can see if you invest well today. 🏘️(FREE WEBINAR) How to Invest your 401k/IRA in a Multi-Family Property https://heartlandip.lpages.co/innercircle/ Follow me on: Instagram: https://www.instagram.com/thedaringarman/ Facebook: https://www.facebook.com/thedaringarman Tik Tok: https://www.tiktok.com/@thedaringarman DOWNLOAD MULTI-FAMILY BOOKS & GOAL WORKSHEETS https://www.daringarman.com/ MULTI-FAMLY TOURS & AVAILABLE PROPERTY! http://www.heartlandinvestmentsummit.com/ MULTI-FAMILY MISTAKES to AVOID: https://www.daringarman.com/ MY NO BS MULTI-FAMILY PODCAST: https://podcasts.apple.com/us/podcast/the-paranoid-banker/id1276383435

Today on the Heartland Multifamily Show, I’m talking about speed limits with my special guest, Trot Carey. We associate speed limits with driving. Those speed limits are there with the average or below-average driver in mind, and are imposed to mitigate risk, and avoid the worst-case scenario. That said, many people exceed the speed limits because they make a calculated risk based on the driving conditions and their own abilities to get to their destination faster. Multifamily investing also has speed limits. There are some that are legal limits imposed on you, but many of those limits are self-imposed. In order to be a successful multifamily investor and reach your goals more quickly, you have to be aware of those speed limits, then adjust your actions accordingly. You need to put more work in, and drive yourself faster, but have self-awareness to know what speed limit is appropriate for you. Watch this video to learn how to reach your multifamily investing goals faster.

In this episode of the Heartland Multifamily Show, I’m going to talk about why rate of return is not the most important factor in what properties you should invest in. Rate of return is important, but what’s more important is place. You need to have your property in a place that is insulated and protected from the unpredictable nature of the world. Social unrest, economic instability, and unpredictable outcomes make it so that you could very easily lose your money, through no fault of your own. The solution is to park your money in a place where it’s safe first, and then worry about rate of return second. Watch this episode to find out how you can protect your multifamily investment property.

On this episode of the Heartland Multifamily Podcast, I’m taking a short break from talking about multifamily investment and putting on my banker’s cap to explain what’s happening right now with banks in a way that matters to you. Banks hold money, but they don’t literally have all the money in every account in one big vault. This is called a “liquidity problem” because if everyone tried to get all their money at once, the bank would collapse. But it’s not just bad banks that have this problem, every bank has this. When a bank is on the brink of collapse, what tips it over is often the news (or rumors) that its customers can’t get their money back. Although banks may all seem the same at first, who sits on the board of directors and what their values are makes a huge difference in how banks are run. You need to do your due diligence where you put your money. And finally, smart investors are changing their objectives from making the most money to being most secure with their money and insulating themselves from risk. Watch this episode to learn what you can do to protect your money if your bank declares bankruptcy.

On this episode of the Heartland Multifamily Show, I will share three secrets of successful investing from Patrick Bet-David. Patrick Bet-David is a hugely successful entrepreneur. He founded the life insurance company PHP Agency, and is now transitioning his focus to mentorship and creating infotainment media with Valuetainment. Recently, I had the pleasure of joining him in a very small group of elite businessmen for about 90 minutes, and he shared with us 3 secrets for success. In this video, I will share those 3 secrets with you.

Do you want to get rich? Do you want to build wealth with multifamily property investing? This is the episode for you. In this episode of the Heartland Multifamily Show, I will give you the three ways you can get rich in multifamily. These are not suggestions on specific properties you should buy, or a particular area that is coming up in value, these are three attitudes you need to have, three truths that you must accept, if you want to get rich. They are: Give yourself permission to build wealth. That wealth comes from equity, not income. And you must work very hard to make “passive” income. If you do not understand these concepts before you invest your money, you are going to have a much harder time getting rich from multifamily property investing.

On this episode of the Heartland Multifamily Show, I am excited to let you in on a secret that every investor should know. It’s the secret to making more money. It’s the secret to having a better life. What is it? It’s the power of proximity. The people you spend the most time with are the people you are most like. And this includes people you spend time with on the other side of a screen. The people you follow on social media, the people (real and fictional) you watch on TV, the people you listen to on podcasts…they are all influencing you. And not in a marketing “social media influencer” kind of way, I mean the old fashioned “they have an impact on how you behave” influence. And here’s the real secret: You can choose who you spend time with. If you want to start 2023 off right, take an inventory of the people you are looking at and listening to, and ask yourself if they are adding to your life. If not, you may want to make some new friends.

This episode of the Heartland Multifamily Show is all about interest rates. This is one of the most common questions I get. “Should I buy now?” “Should I wait until interest rates change?” “How high will interest rates go?” As a long term investor, I can tell you: They don’t matter! That's right, interest rates don’t mater. In this episode, I will explain why you should stay calm when everyone around you is getting emotional and reactive. This episode will give you three reasons why you don’t have to worry about interest rates if you want to become an investor in multifamily.

What can you do when interest rates are high? This is a question that I get asked very often and I will address it on this episode of the show. As a general rule, you should never sell in a high interest rate environment. This is because the loan payments to banks will be higher, and buyers aren't willing to pay more than they have to. So you, as the seller, have to take that extra money into consideration. Simply put, the buyer is going to pay the same amount, but the bank is getting more and you are getting less. But, life can be unpredictable, and sometimes you have to sell, even though the time isn’t good. Watch this episode to see how you can make the most of a high interest rate as a seller.