Darin Garman’s Heartland Multi-Family Show

Why MULTIFAMILY Investors Must Have Both Strategy and Tactics

On this episode of the Heartland Multifamily Show, I am going to talk about two important things that you must understand to be a successful multifamily investor. These are two things that go hand in hand, you can’t have one without the other. I’m talking about strategy and tactics. You can’t implement your strategy if you don’t execute tactics, but you can’t execute those tactics if you don’t have a strategy for growth. In this episode, you’ll learn why you need to know your timeline, why you need both whether you are a passive or active investor, and how you can get on the same page with your investing partners. If you can understand how to do both, you can have a road map for successful investing.

How to Invest in Real Estate When Renters Have the Upper Hand

In this episode of the Heartland Multifamily Show, we discuss a recent article in the Wall Street Journal saying that renters have the upper hand. What this means is that tenets, not property owners, have greater leverage when it comes to finding a place to live and work, and therefore rents are declining (or at least not going up as fast). As a result of this, many investors are seeing red on their balance sheets. As an investor, you need to understand the risks and benefits of investing in multifamily, or any other kind of real estate. This episode will help you navigate this tough period by keeping your mind on the long-term profits you can see if you invest well today.

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Make More Money in Multifamily by Disobeying Speed Limits

Today on the Heartland Multifamily Show, I’m talking about speed limits with my special guest, Trot Carey. We associate speed limits with driving. Those speed limits are there with the average or below-average driver in mind, and are imposed to mitigate risk, and avoid the worst-case scenario. That said, many people exceed the speed limits because they make a calculated risk based on the driving conditions and their own abilities to get to their destination faster. Multifamily investing also has speed limits. There are some that are legal limits imposed on you, but many of those limits are self-imposed. In order to be a successful multifamily investor and reach your goals more quickly, you have to be aware of those speed limits, then adjust your actions accordingly. You need to put more work in, and drive yourself faster, but have self-awareness to know what speed limit is appropriate for you. Watch this video to learn how to reach your multifamily investing goals faster.

Why Rate of Return is Secondary to Place

In this episode of the Heartland Multifamily Show, I’m going to talk about why rate of return is not the most important factor in what properties you should invest in. Rate of return is important, but what’s more important is place. You need to have your property in a place that is insulated and protected from the unpredictable nature of the world. Social unrest, economic instability, and unpredictable outcomes make it so that you could very easily lose your money, through no fault of your own. The solution is to park your money in a place where it’s safe first, and then worry about rate of return second. Watch this episode to find out how you can protect your multifamily investment property.

Banks are Collapsing! What YOU can do to Protect Your Investments

On this episode of the Heartland Multifamily Podcast, I’m taking a short break from talking about multifamily investment and putting on my banker’s cap to explain what’s happening right now with banks in a way that matters to you. Banks hold money, but they don’t literally have all the money in every account in one big vault. This is called a “liquidity problem” because if everyone tried to get all their money at once, the bank would collapse. But it’s not just bad banks that have this problem, every bank has this. When a bank is on the brink of collapse, what tips it over is often the news (or rumors) that its customers can’t get their money back. Although banks may all seem the same at first, who sits on the board of directors and what their values are makes a huge difference in how banks are run. You need to do your due diligence where you put your money. And finally, smart investors are changing their objectives from making the most money to being most secure with their money and insulating themselves from risk. Watch this episode to learn what you can do to protect your money if your bank declares bankruptcy.

3 Secrets of Successful Multifamily Property Ownership & Investing From Valuetainment

On this episode of the Heartland Multifamily Show, I will share three secrets of successful investing from Patrick Bet-David. Patrick Bet-David is a hugely successful entrepreneur. He founded the life insurance company PHP Agency, and is now transitioning his focus to mentorship and creating infotainment media with Valuetainment. Recently, I had the pleasure of joining him in a very small group of elite businessmen for about 90 minutes, and he shared with us 3 secrets for success. In this video, I will share those 3 secrets with you.

The three things you must know to get rich with multifamily property investing

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.

What every investor must do (that has nothing to do with 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.

Why Interest Rates Don’t Matter

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.

How to Make More Money When Selling a Property with High Interest Rates

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.