Early Morning Routines, Following Your Intuition, and Being of Service to Others with Kavitha Baratakke

Early Morning Routines, Following Your Intuition, and Being of Service to Others with Kavitha Baratakke

Kavitha Baratakke is a principal at Cherry Street Investments and a syndicator who retired from her 20-year career in tech to pursue real estate investing as a full-time sponsor. She’s been an investor since 2009, is currently invested in over 2000 doors, and runs the popular Facebook group, Purely Passive Investment Group.

Kavitha and Mark sit down to discuss intuition, the correct mindset for raising capital and setting your day up for success.

What You’ll Learn In Today’s Episode:

  • Kavitha’s invested on her own for several years, and turning points in her career happened when she went to meetups, networking events, and met key partners. Meeting the right people and forging trusting partnerships can really help launch you to a new level.

  • What you do with your early morning impacts your entire day and how you approach it. Adopt an empowering morning practice. Shape your mind, don’t let it shape you.

  • Raising capital can be tough when you’re coming from a place of need. Kavitha observed that she’s never struggled to raise capital as long as she’s made helping others, and not herself, the priority. You will be successful in direct proportion to the amount of people you serve.

Ideas Worth Sharing:

“Suddenly I was a part of something bigger than me, and that was great.”– Kavitha Baratakke

“One of the big lessons I learned from that was to not let winning or losing control me.” – Kavitha Baratakke

“It takes a little bit of dealing with the uncertainty in your mind.” – Kavitha Baratakke

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Finding Great Partners & Managing a Mobile Home Empire with Ryan Murdock

Finding Great Partners & Managing a Mobile Home Empire with Ryan Murdock

Ryan Murdock spent a decade in the electronics industry before transitioning to real estate in 2007. He’s the VP of Open Door Capital with Brandon Turner, where they focus on mobile home parks and have acquired $14M worth of deals in the past 18 months, with another $30M currently under contract.

In this episode, Ryan and Mark sit down to discuss property management, mobile home parks, and how to find great partners (hint: offer up some value!). 

What You’ll Learn In Today’s Episode:

  • Property management can be extremely difficult. You need to have systems, processes, temperament, and time. Multiple times throughout his career Ryan shifted to either having 3rd party property management or managing it himself, based upon what was the best use of his time.

  • When it comes to buying mobile home parks, Ryan is finding most of their leads using direct-to-owner methods, going as far as to set up a website called Bring Brandon a Deal, that offers a $100,000 referral fee for anyone who brings them a deal they close.

  • Partnerships often get romanticized, and most people make the process too complicated. Ryan was able to team up with Brandon Turner, and later join Open Door Capital’s All-Star team, because offered value. Whether it’s finding, funding, or running a deal, locating a partner should start by evaluating your own skills and resources, and then finding someone with complementary qualities.

Ideas Worth Sharing:

“Make sure you’re well capitalized on any size deal, whether you’re buying a duplex or a $10M shopping complex. Don’t get stuck.” – Ryan Murdock

“I didn’t know what I didn’t know, and I got punched squarely in the face for it.” – Ryan Murdock

“Try to find partners that have skills or resources that complement what you don’t have.” – Ryan Murdock

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The Road to Financial Freedom, Fulfillment, and Passion with Gino Barbaro

The Road to Financial Freedom, Fulfillment, and Passion with Gino Barbaro

Gino Barbaro spent 25 years as a chef and restaurateur before pivoting to real estate and building a multi-faceted empire, including a $100M+ multifamily portfolio, Rand Capital, Jake & Gino, and the highly-rated Wheelbarrow Profits Podcast. He’s a professional coach, teacher, and speaker.

Gino and Mark sit down for an epic discussion, touching on a range of topics including financial freedom, developing your passion, navigating partnerships, and when to check your emotions at the door. 

What You’ll Learn In Today’s Episode:

  • A partnership can accelerate your growth, but it takes time, communication, and accountability to be truly in sync. In the beginning it can be messy and chaotic, but over time as roles are defined and processes implemented, you’ll begin to complement each other’s strengths and weaknesses.

  • It’s not about retirement, it’s about developing your purpose. Significance and passion make life more fulfilling and happier. Finding that thing, whether it be coaching, writing, or real estate, that you enjoy and can commit to being the best at will breed passion. In Gino’s words, “Getting really good at something and helping people out is ultimately going to make you happier.”

  • When it comes to investing, you need to be able to check your emotions at the door. Passion is essential to success, but so is being able to shut that passion down when emotions cloud your judgment. Whether it’s analyzing deals, negotiating terms, or dealing with vendors, you can’t allow that passion to get in the way of common sense.

Ideas Worth Sharing:

“Success comes from committing, you commit to something and then you take the action.” – Gino Barbaro

“I wasn’t successful in multifamily until I started identifying as a multifamily real estate investor.” – Gino Barbaro

“I think getting really good at something and helping people out is ultimately going to make you happier.” – Gino Barbaro

Resources In Today’s Episode:

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The Key to Great Financing, Growing a Portfolio to Match Your Lifestyle with John Brackett

The Key to Great Financing, Growing a Portfolio to Match Your Lifestyle with John Brackett

John Brackett is an investor and president of Fidelity Business Partners in San Diego, a private equity firm focused on multifamily investing. He has over 20 years experience, he’s the host of the We Build Apartment Communities Podcast, and has been a member of the International Economic Honor Society since 1997.

John comes on the show to discuss how he survived the 2008 recession, the key to getting the best financing for your project, and the benefits of investing in complementary markets.

What You’ll Learn In Today’s Episode:

  • Make financing work for you, and don’t be afraid to get creative. In John’s words, “the key to financing is to make sure you marry up the [debt] to whatever the terms of the opportunity are.” 

  • John uses a hybrid approach to investing that has worked very well for him. By choosing markets that complement each other, such as Houston  and San Diego, he’s able to capture both the higher cash flow of Houston and the strong, equity producing headwinds of a major coastal market like San Diego. 

  • Look at your overall business strategically. Make sure you’re building a business/portfolio that complements your lifestyle. Whether it’s partners or property management, think big picture and make sure it aligns with your long-term goals or ethos. “What’s the character behind the capital?”

Ideas Worth Sharing:

“It was a challenging time, but also a very unique time. There was definitely some pressure, but the pressure was good, it sharpened me.” – John Brackett

“I understood from banking that we’re going to need to hold some of these assets, that the market wasn’t always going to be as great.” – John Brackett

“The key to financing is you want to make sure you marry up the financing to whatever the term of the opportunity is.” – John Brackett

Resources In Today’s Episode:

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How To Master Branding & Marketing to 10x Your Investor Base

How To Master Branding & Marketing to 10x Your Investor Base

Puja Talati is a former brand manager at Hershey’s, who pivoted to real estate investing and has helped build a $240M portfolio while continuing to consult with Fortune 500 companies, lending her marketing and branding expertise. 

She’s also a co-founder at JT Capital, which focuses on acquiring multifamily assets in high-growth markets. Listen in as she discussed the importance of branding, developing your unique message, and how to communicate effectively with your investors.

What You’ll Learn In Today’s Episode:

  • Marketing and branding are more important than ever as the multifamily space gets more crowded, more competitive. If you’re going to succeed you need an identity, and to identify who your investor is, and get specific!

  • Define who you are, what is your brand, and how you’re unique in this crowded field. What’s your mission/message? Know it, practice it, and be able to communicate it to others effectively.

  • When it comes to social media, you need to focus. Targeting one platform and doing it well is much more beneficial than trying to be everywhere. One high-quality weekly post is more effective than seven mediocre daily posts. Quality is better than quantity.

Ideas Worth Sharing:

“What’s your mission? What makes you unique?” – Puja Talati

“Branding is a very important thing.” – Puja Talati

“If you can do that ‘find and replace’ with another company, then you’re probably not detailed enough to really differentiate who you are as a company.” – Puja Talati

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

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