Darin Garman’s Heartland Multi-Family Show

6 addictions that can improve your life!

Effective Property Multifamily Property Management: Insights from an Expert

Connecting the Dots to Find Opportunities in Multifamily

Interest Rates: What they mean for Multifamily Investors

What is DEFCON 1 in multifamily investing?

What is Defcon 3 in Multifamily Real Estate Investing

Today on the Heartland Multifamily Show, Trot and I are talking about Defcon 3. What is it? Why do investors get to Defcon 3? How can you get out of Defcon 3, and what opportunities are there if you want to buy a property that’s at Defcon 3? Defcon 3, meaning Defense Condition 3, is a phrase that dates back to the Cold War. The Defense Condition went from Defcon 5, meaning peaceful but aware of threats, to Defcon 1, which is a full-scale nuclear attack. This analogy also applies to multifamily real estate investing. When you are at Defcon 3, you are inching closer to disaster, but you have the opportunity to right the ship before things get so bad that you can’t fix them. And on the other side of it, if you are an investor who sees another property at Defcon 3 and you have done your due diligence, you can get a good deal to buy and fix up a property that the previous owner has mismanaged. Watch this episode to learn the basics of Defcon 3.

The not-so-secret secret to Being Successful in life

Today on the Heartland Multifamily Show, I’m talking about a not-so-secret secret to success in life. I know it may sound a little conceited, but if you want to be a winner, you’ve got to be around other winners. As Jim Rohn and many others have said, you are the average of the 5 people you spend the most time with. On this episode, Trot and I discuss why most people don’t spend time around people smarter and better than them, so you can understand what hurdles you have to overcome in order to be around winners, so you can be a winner yourself.

Should multifamily investors be alarmed by Blackstone defaulting on payments?

Today on the Heartland Multifamily we are talking about Blackstone. Blackstone is one of the largest real estate holdings in the world, with a global portfolio that spans from residential rentals to hospitals, hotels, self-storage, shopping centers, and more. (Note that they are unrelated to Blackrock, another large investment firm.) Blackstone has lowered the amount they distribute money they collect from these rentals to their investors and now they are defaulting on loans. It turns out that even with billions of dollars worth of property, you can still have operating expenses that are greater than your income. 

 

On this episode, Trot and I discuss the many warning signs that the media seems to have missed, and how their financial trouble can affect you, the small multifamily investor. Watch this episode to learn valuable lessons and you may even avoid getting crunched if Blackstone declares bankruptcy.

Don’t make this mistake that can doom your multifamily investment before it starts

When is Overpaying for a Multifamily Property a Wise Investment?