Darin Garman’s Heartland Multi-Family Show

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.

Do you want to make more money when you sell your multifamily property? Of course you do! But the market is particularly perilous at the moment. Interest rates are starting to get very high, and that can mean that your selling price has to come down when your potential buyers crunch the numbers and decide what they can afford. But if you’re smart, you don’t have to follow the crowd: You can get a higher price from your property and continue to make income from the properties you sell if you’re willing to adapt to changing market conditions. Watch this video to learn how.

This episode of the Podcast is a complicated question with a simply answer: When should I invest in multifamily property? And the answer is: right now! Of course, I don’t mean that you should drop everything and invest this minute, I mean don’t put barriers in front of your own success. Watch this video to learn why my biggest regret is not investing earlier.

On this episode of the show, I give sound advice on what to do in uncertain and volatile times. 2023 is certain to be one of the roughest years in over a decade for investors, and if you’re not careful, you can lose your investment. This episode wil give you 5 strategies to use to make the best decisions in times like these. 

 

Watch the video to hear these tips, which will how you how to make decisions in a rational manner based on experience, rather than make decisions based on panic and FOMO. Although the market is volatile now, real estate investing is one of the best long-term investments you can make, and this guide will help you keep that investment and be profitable in the long term.

If you saw the last episode of The Heartland Multifamily Show, I listed three possible downsides each to commercial and multifamily property ownership. This is part two, where I list the three best upsides to investing in either commercial or multifamily property. 

Commercial real estate is a long buildup, followed by steady and predictable income. Multifamily real estate is easier to get into, but requires more work and has more variables that you can’t control. One is not necessarily better or worse than the other, but you have to decide where to spend your money, time, and energy to get the best return. 

This is the battle episode: Commercial property or multifamily property. This episode is part 1 of 2. In this episode, I will give three negatives each about multifamily and commercial properties that will make it harder to make a profit by investing in this kind of property. The point is not to dissuade you from investing in either, but so that you can better understand what you will be dealing with should you decide to invest in real estate. You can use this as a guide to help you decide to invest.

This episode of the podcast will save you from being scammed. In this episode, I will give you three red flags to look out for when an investor who wants to partner with you is BS-ing you. There is a lot of BS in the world of investing. Many people want to make an easy buck, and an easy buck is pretty much impossible; every dollar takes hard work to earn. But a lot of bad people out there are happy to separate fools from their money. This episode will help you identify the three biggest red flags that you should watch out for.