How To Scale A Multifamily Business While Investing From Overseas

Prosperity Through Multifamily Real Estate Investing

Episode 83:

Suzy and Michael are the Founders of Adventurous Real Estate Investors. They specialize in Return on Impact. Through real estate investing they create immeasurable impacts; in their family, with their friends, in their community, with the families (residents) they serve, in the spaces where they want to be generous.... everywhere and anywhere!

For today’s episode we will cover:

[00:00 - 4:01] Opening Segment.

• Getting to know Suzy Sevier and Michael Barnhart.
• How Suzy bought time.

[4:01 - 11:18] The Out-of-State real estate experience.

• Suzy and Michael share how they got to the UK.
• How they got the ball rolling in Real Estate.
• Why you should pivot instead of panic.
• How to use social media to expand your network.
• Why you should know your end goal.

[11:18 - 17:50] How to manage your remote properties.

• Developing your systems and processes.
• Michael breaks down how they created the systems.
• Finding how to start making the systems through google.
• The importance of outsourcing tasks.

[17:50 - 24:14] Developing relationships and finding reliable people to work with.

• How a Facebook post got them the exposure that they needed.
• Testing the relationship before putting a deal.
• Tell the world what you are doing.
• Telling the world about your superpower.

[24:14 - 29:41] The power of a partner.

• Suzy shares why listening is important.
• The underrated skill set that you should work on.

[29:41 - 34:02] Underwriting and attention to detail.

• Michael shares the challenges in acquisition in the last 12 months.
• How to develop the skill of paying attention to details.
• Building the relationships during COVID.

[34:02 - 40:30] Motivation behind the return on impact.

• Being 1% better than yesterday.
• The challenges of scaling your portfolio.

[40:30 - 43:06] What the future looks like.

• Frank walks us through the deal flow funnel.
• Frank discusses the timeframe of a deal.

[ 43:06 - 48:54] Closing segment

• Why consistency is important.
• Having a mentor can be cheaper than making mistakes.
• How to gain time everyday.

Tweetable Quotes:

Money should be used as a tool to do good in the world. So the more people who are out there ensuring that the world is happening. Then hopefully, one day, money can be talked about and not seen as this evil [thing]. - Suzy Sevier

Education plus taking action. You have to do both, you can’t just educate and not do anything with it. They say that knowledge is power but knowledge is just potential power. - Michael Barnhart

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