Darin Garman’s Heartland Multi-Family Show

A Bank Call, a Cult, and a Strange Property Deal

This is the story of my most unusual multifamily real estate purchase. In this episode of the Heartland Multifamily Show, I tell the strange but true story of how I purchased a 12-unit property from the children of the owner, and why I was never able to even meet the owner. This incredible story involves a grieving widow and a UFO cult. Watch this episode to hear this story.

Legal (And Other) Hurdles in Multifamily Property Deals

This episode of the Heartland Multifamily Show is a trip down memory lane. I share the story of one of my investment properties, and the very circuitous route to get it. As you’ll hear, I spent years trying to buy it, and when I was able to buy it, I had some last-minute surprises. There are many lessons that you can take away from my experience. Watch this episode to hear this fun and informative story from 20 years ago.

Should I invest in a multifamily housing fund or buy my own rental property?

In this episode of the Heartland Multifamily Show, Trot and I will be discussing a major decision that multifamily investors must make: whether to invest in a fund, such as my own Heartland Investment Fund, or to buy a rental property and go through the process of finding financing and arranging for maintenance and other expenses. There is no right answer, only the right answer for you. This episode will give you all the information you need to make an informed decision on which investment avenue to invest in, but remember, you can also do both! Watch this video to learn more about multifamily investing.

3 Ways to use your time wisely in multifamily investing

If you want to make money in multifamily real estate investing, there are three things you need to do. This video will show you the three things you need to do that most people don’t: Learning, taking initiative, and learning from your mistakes. They aren’t that complicated, but they do require hard work, discipline, and patience. If you implement these three things you will be ahead of most investors.

Trump's Real Estate Valuation Controversy: A Deep Dive

As you may have heard, New York Justice Arthur F. Engoron ruled that Donald Trump had illegally inflated the value of his real estate holdings to deceive banks into giving him loans that were larger and at lower interest rates compared to the actual value of his properties. Now if value is subjective, or at least subject to negotiation, how is this even possible? This episode is a deep dive into the world of real estate viewed from the perspective of experienced multifamily investors.

The Truth About Rental Income: A Response to Dave Ramsey

On this episode of the Heartland Multifamily Show, we watch a clip of Dave Ramsey giving a pretty harsh reality check to any would-be investor. You may have heard on TikTok or other short-form social media sites that once you buy a multifamily property, your renters pay your mortgage. While that is true in the sense that your money does come from rental income, you can’t just sit back and wait for a truck full of money to come to you. In this reaction video, Trot and I discuss this clip from Dave Ramsey’s show.

Darin Reacts To How Easy It Is to Make Money In Multi-Family

This episode of the Heartland Multifamily Show is a reaction to a viral video claiming it’s so easy to make money in real estate, it’s like printing money. According to this video, you make money in 5 different ways, and you can never lose. Unfortunately, real estate is not that simple. This video covers 3 things that you need to be wary of if you want to be successful in multifamily investing. Life doesn’t always go the way the spreadsheet says it will, so watch this episode before you invest.

The Art of Leverage: Debt Strategies for Multifamily Investors

In this episode of the Heartland Multifamily podcast, Trot and I discuss the strategic use of debt in achieving financial success, particularly in real estate. The conversation addresses common concerns and strategies associated with taking on debt. Key points include the importance of having a clear understanding of one's balance sheet or net worth, which reflects the value of assets minus liabilities. This understanding helps mitigate the stress associated with debt, especially when it's leveraged strategically to grow one's business or investment portfolio. We also talk about the concept of loan-to-value (LTV) ratio, emphasizing our preferred sweet spot of 50 to 60% LTV as a balance between risk mitigation and avoiding personal loan guarantees, which can add stress and risk to financial ventures. This episode offers valuable insights into managing debt wisely to enhance financial growth and stability.

Are Landlords Really Giving Away Luxury Apartments?

On this short episode of the Heartland Multifamily Show, I react to a TikTok video that claims that many vacant apartments are now empty. According to the content creator, investors have built too many luxury apartments, and now they are sitting empty. As a result, the landlords and management companies have to lower prices or even give away a month or two of free rent (Which actually covers the real estate broker’s fee), which even brings down the price of single-family homes. It’s quite a claim, but is it overblown? Trot and I discuss this video, and give our insights from our experience being multifamily investors.

5 Predictions for 2024

In this episode of the Heartland Multifamily Show, Trot and I give our predictions for 2024. Our discussion is tailored for investors and property owners, focusing on key trends and predictions that are essential for informed decision-making in this sector. We explore the rise in distressed multifamily properties, the impact of the 2024 election on real estate investments, and the anticipated increase in property values despite market challenges. Additionally, we discuss the politicization of affordable housing and the evolving role of buyer brokers in the multifamily space. Watch this video to gain a concise yet comprehensive understanding of the current multifamily market dynamics. Our conversation is particularly beneficial for those looking to grasp the complexities of the market, offering insights into potential opportunities and challenges. This episode is an invaluable resource for anyone involved in multifamily real estate, aiming to navigate the market effectively in 2024.