Networking for Introverts and Falling In Love With The Process with Nick Ameluxen

Networking for Introverts and Falling In Love With The Process with Nick Ameluxen

Nick Ameluxen spent a decade in the automotive industry as a technician before transitioning to real estate. He invests in single-family, turnkey, and multifamily in multiple markets. He’s a real estate coach, host of the Austin chapter of the South Texas Multifamily & More Meetup, and is a partner and asset manager at Quantum Capital.

Mark and Nick sit down to discuss networking, processes, and getting outside of your comfort zone.

 

What You’ll Learn In Today’s Episode:

  • Nick began his real estate journey with education. He was an introvert, so reading books was in his comfort zone, but in hindsight, it was only when he stepped out of his comfort zone, and started networking, that opportunities started to present themselves. He joined a coaching program, met like-minded investors in the same situation he was in. They held each other accountable, fed off each other’s enthusiasm, and eventually did a small deal together in Atlanta that helped get Nick into the multifamily game.
  • Nick created a system to get results, reaching out to multiple investors daily to ask how he could provide value for them, not value for him. One of those investors happened to be Mark. They talked a few times, and Mark was impressed with how Nick found and analyzed deals. Over the next few months, they both partnered on about 200 units.
  • Focus on the process. We tend to focus on the results, but you don’t achieve results by focusing on results, you achieve results by focusing on the process. It may seem counter-intuitive, but it’s true because results are not always within your control, but the process is. Nick is all about working the process, day-in and day-out. Call brokers, underwrite deals, make offers. That’s the process. Fall in love with the process, live the process, if you can do that the results will absolutely take care of themselves.

Key Phrase:

“I didn’t have a strong network at all, so I thought it had to be all ‘me, me, me.’ But when I joined this community, I found people who started from similar beginnings, and were succeeding. I thought, ‘if they can do it, why can’t I?’” – Nick Ameluxen

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

 

Enjoy the show? Use the Links Below to Subscribe:

 

Interested In Partnering With Us?

Podcast

Resources

Strategy

Portfolio

Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Leveraging Partners For Success with Gwyeth Smith

Leveraging Partners For Success with Gwyeth Smith

Gwyeth Smith was a Wall Street equities trader before turning to multifamily. He’s the founder of New Wave Capital and Rustic Capital, investing in Ohio, Texas, Southern Indiana, and Pennsylvania.

Mark and Gwyeth sit down and discuss the importance of great partnerships and how to leverage people’s strengths effectively.

 

What You’ll Learn In Today’s Episode:

  • Gwyeth’s relationships have played a big role in his success. Multifamily is a team sport and finding good teammates is the key. Look for partners who complement your skillset and make up for your deficiencies.
  • Fundraising is an essential part of real estate investing. Developing this skill early will benefit you throughout your investing career.
  • You don’t need to have it all figured out before getting started in real estate. You can start by educating yourself, building a network, and taking action.

Key Phrase:

“I’d rather do a good deal with great people, than a great deal with not-so-good people.” – Gwyeth Smith

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

 

Enjoy the show? Use the Links Below to Subscribe:

 

Interested In Partnering With Us?

Podcast

Resources

Strategy

Portfolio

Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

People, Systems, and Culture: Building a Multifamily Business with Jake Stenziano

People, Systems, and Culture: Building a Multifamily Business with Jake Stenziano

Jake Stenziano worked at Radio Shack, then the pharmaceutical industry before shifting to multifamily investing, where he’s now built an investing, property management, coaching, and education juggernaut. He’s also a two-time, best-selling author and one half of the top-ranked Jake and Gino Podcast.

In today’s episode, Jake and Mark sit down to discuss building an organization that is truly unique and delivering a top-notch customer experience. 

 

What You’ll Learn In Today’s Episode:

  • Jake grew up in a small rust-belt town where he hustled his way into a coveted pharmaceutical job, where he excelled not due to any innate sales ability but sheer hard work, or as he calls it “blue collar work ethic.”
  • Proximity is power. Jake was influenced by the successful people he met. Whether it was successful doctors, real estate investors, or local business owners, he actively sought those who questioned the traditional course in life. These relationships helped him cultivate a growth mindset.
  • His mantra is people, systems, and culture. Jake and his team at Rand are committed to creating an exceptional customer experience for the resident’s at their communities. Their team invests time, energy, and capital into quality of life upgrades onsite and off, which reduces turnover for residents and staff. It’s a commitment that starts at the top of their organization and is present all the way down.

Key Phrase:

“I’m looking around and everybody but this one guy is getting pushed into these medical groups…and he didn’t need to be a doctor. He owned real estate all over the East Coast.” – Jake Stenziano

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

 

Enjoy the show? Use the Links Below to Subscribe:

 

Interested In Partnering With Us?

Podcast

Resources

Strategy

Portfolio

Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

The Power of a Side Hustle, Investing in Top Markets, and Adding Value with Elisa Zhang

The Power of a Side Hustle, Investing in Top Markets, and Adding Value with Elisa Zhang

Elisa Zhang controls a $100M multifamily portfolio in Texas, Arizona, and Washignton. She’s a former product manager in the tech world, and after quitting her day job to invest in real estate full-time, she is passionate about teaching others to do the same. She now focuses her time and expertise on helping typical nine-to-fivers to quit their job in 10 years or less.

Today, Elisa and Mark discuss the power of a side hustle, how to add value from a distance, and building momentum in top markets.

What You’ll Learn In Today’s Episode:

  • Elisa is a fan of the side hustle approach to real estate investing. Her tech income funder her first deals and helped build her portfolio. She advocates multiple streams of income, it’s easier to build momentum, it gives you options and the added financial security that multiple income streams offer.

  • Starting out, Elisa focused on equity buildup. Her strategy involved value-add properties and 15 year loans. The value-add work forced appreciation, while the 15 year loan accelerated the paydown of her debt. This combination, though it doesn’t create high cash flow, it creates rapid equity growth, and after a few years Elisa would refi or 1031 exchange to scale up into larger assets. This practice, done consistently even as a side hustle, allows her to build the portfolio momentum. She describes it as creating multiple “piggy-banks” with equity she could tap every few years.

  • On her first syndication, Elisa made the terms very favorable for her investors. You could argue that she sold herself short, but Elisa saw it as a learning experience. She was humble and willing to play the long game, and it paid off. Those investors saw great returns, and have stuck with her ever since. She prioritized building her experience over building her wealth, and ended up building both. She also built something else, a reputation as someone who is committed to putting her investors first.

Key Phrase:

“Try to fail fast and early. You want to make a mistake on your dinky little single family, so you’re not tipping the Titanic. You don’t want to get into 100 units or more and make these mistakes.” – Elisa Zhang

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

Enjoy the show? Use the Links Below to Subscribe:

 

Interested In Partnering With Us?

Podcast

Resources

Strategy

Portfolio

Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

How to Make it Happen with Long-Distance Investing with Hadar Orkibi

How to Make it Happen with Long-Distance Investing with Hadar Orkibi

Hadar Orkibi started his career as a real estate broker in Israel, then moved to New Zealand, where he began building his multifamily portfolio and fine-tuning the art of long-distance international investing. He serves as asset manager for MFI Holdings and is a coach with Jake and Gino.

Today, Mark and Hadar sit down and discuss powerful strategies for long-distance investors, market pricing, and overcoming obstacles.

What You’ll Learn In Today’s Episode:

  • Hadar successfully invests long distance from New Zealand in the U.S., and he does it by networking. He picks his city, then uses Bigger Pockets to meet local investors on the ground there. They help him learn the lay of the land, and he builds teams in those markets that help him succeed.

  • Getting to know a new market gets talked about quite a bit, but what’s less talked about is getting to know the real estate pricing lay of the land.  From the low-end to the high end. What is the range of cap rates that properties trade for?  What is the cost per square foot range?  What is the cost per unit range?

  • Hadar had a bad experience with an investment, and investment that went south.  It’s what every investor dreads.  He said the stress caused him to get sick.  I know investors who were physically and emotionally devastated by similar situations.  Some never invested again.  But Hadar turned the negative into a positive.  He turned to meditation, yoga, spirituality, and ended up coming out stronger, more balanced, more resilient.  He turned it into a growth experience, that still serves him now.  We all will go through tough times at some point.  It’s how we deal with those, and the mindset we choose, that determines the outcome.  Hard times can be the greatest growth opportunities, if you are willing to learn from them.

Key Phrase:

“It is really easy in life to get bogged down by day-to-day things and not continue pushing towards your goals, and it’s the mindset that helps you to tie things together and keep going when it’s tough.” – Hadar Orkibi

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

Enjoy the show? Use the Links Below to Subscribe:

 

Interested In Partnering With Us?

Podcast

Resources

Strategy

Portfolio

Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Pin It on Pinterest