A lot of the guests I bring on my show are killing it in the real estate investment scene, but most of them focus on single-family properties. I’m changing it up a bit today to bring you guys something new. This new perspective comes from Rod Khleif, real estate investor extraordinaire and host of his own podcast, The Lifetime Cash Flow. Rod is blowing the rest of us out of the water because his trick is multifamily units.
Multifamily units can sound kind of intimidating, but as Rod says on today’s episode, buying a duplex (or a triplex or a quadplex) is the same as buying a single-family home. You don’t have to go big with a 10 or 20-unit apartment or commercial property, but you can start small and still grow a nice nest egg to retire with. The point is to break out and away from your fear and try something new. Rod shares some his experiences and his real estate investment strategy to help you get started with your own multifamily investments.
Beyond his experience and his money-making, Rod also has huge advice for those of us who are still trying to figure out what we’re doing here. Yes, we’re investing, yes we’re flipping properties, but are you passionate about it? Rod wants to know how you’re working to find your ultimate mission. Rod is grateful for his ability to help other people, and he wouldn’t be able to do that if he wasn’t an ace at real estate investing. His smart investment strategies paid off not only for himself and his family but for the foundations and communities he helps out. Because when you love what you do, work is play, and you end up sharing this great, successful energy with everyone around you.
MINUTE MARKERS
4:15 - What’s Rod’s expertise right now in the investing world?
6:05 - Why Rod thinks multifamily properties are awesome
7:08 - Rod’s mom is his biggest influence and motivator
8:04 - A few tricks to build appreciation and wealth with multifamily properties
9:40 - What was the biggest challenge Rod faced?
11:44 - Why should you start considering multifamily units?
13:07 - What lesson got Rod to where he’s at today?
15:35 - What’s the acronym for FEAR?
19:01 - This is what happens when you step out of your comfort zone
20:20 - How to organize your goals for success
22:22 - What would have Rod done differently?
25:58 - The two things you need to do to start working multifamily
30:33 - Rod’s favorite motivational quote
33:00 - What is Rod’s morning routine?
34:04 - Rod calls himself a “technological midget”
34:50 - Why does Rod use CRM?
39:39 - How in the world does Rod get over 8 hours of sleep a day?
40:04 - Rod’s a romantic and most grateful for his wife and family
41:25 - Rod has an important message for you, my listeners
44:14 - How important has coaching been for Rod’s career?
45:24 - Rod is in this business for more than just the material things
49:25 - Text the word ROD to 41411 to pre-order his new book!
RESOURCES
“Don’t Sweat the Small Stuff” by Richard Carlson
Rod’s Foundation Tiny Hands Foundation
Rod’s Podcast Lifetime Cash Flow
And don’t forget to text “ROD” to 41411 to pre-order his new book!
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