Stay Ready Real Estate Podcast Emeka Ogbonna

In this episode, Emeka Ogbonna shares his journey of getting into real estate and how he acquired his first single-family home. He discusses the barriers to entry in single-family real estate and emphasizes that it is not as hard as people think. Emeka also talks about the importance of networking, finding the right contractor, and being your own property manager. He provides three actionable steps for listeners to get closer to their real estate goals.

Getting into single-family real estate is not as hard as people think.
Networking is crucial in finding the right realtor and contractor.
Being your own property manager can provide valuable insights and cost savings.
Take action and reach out to experts for guidance and advice.

Connect with Emeka Ogbonna:

Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
X: https://twitter.com/EmekarOgbonna

Antone Heyward, a licensed real estate professional, capital raiser, and investor, shares his journey from IT to real estate investing. He discusses the importance of taking control of your financial future and the benefits of investing in real estate. Antone talks about his current real estate portfolio, which includes single-family homes and multifamily properties. He emphasizes the value of building a strong team and finding like-minded partners. Antone also shares his thoughts on the best time to buy real estate and the importance of conservative underwriting. He concludes by recommending books, sharing impactful lessons, and discussing his goals for the future.
Takeaways:
-Take control of your financial future by investing in real estate
-Build a strong team and find like-minded partners
-Understand the importance of conservative underwriting
-Consider using a self-directed IRA to invest in real estate
-Set clear goals and focus on achieving them

Chapters
00:00 Introduction and Background
03:24 Transitioning from IT to Real Estate
06:48 Benefits of Real Estate Investing
10:35 Advice for Aspiring Investors
22:26 Analyzing Real Estate Deals
26:15 Using a Self-Directed IRA for Real Estate Investing
30:05 Recommended Books and Impactful Lessons
31:38 Dinner with Napoleon Hill
32:04 How the Audience Can Help and Contact Information

Connect with Antone Heyward :
Website: https://reignitecapital.com/
Facebook: https://www.facebook.com/antone.heyward
Instagram: https://www.instagram.com/a.c.heyward/
LinkeIn: https://www.linkedin.com/in/antoneheyward/

Connect with Emeka Ogbonna:
Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
X: https://twitter.com/EmekarOgbonna

Summary
In this episode of the Stay Ready Real Estate Podcast, Emeka interviews Corri Golden, a full-time real estate investor. Corri shares his experience in the real estate industry and discusses his transition from single-family and small multifamily properties to larger multifamily assets. He emphasizes the importance of mindset and continuous learning in real estate investing. Corri also talks about his portfolio, underwriting deals, and building relationships with brokers. He provides actionable steps for aspiring investors, including reaching out to brokers, contacting property owners directly, and networking.

Takeaways
-Mindset is crucial in real estate investing, and it's important to work on money habits and overcome psychological barriers.
-Building relationships with brokers is essential in the multifamily space, and being honest and sincere can help gain their trust.
-Underwriting deals involves looking for a minimum internal rate of return (IRR), cash-on-cash return, and a multiplier.
-Taking action steps such as reaching out to brokers, contacting property owners directly, and networking can help investors get closer to their real estate goals.
-Continuous learning and staying open to opportunities are key to success in real estate investing.

Chapters
00:00 Introduction and Background of Corri Golden
03:20 Transitioning from Single-Family to Multifamily Properties
08:08 Lessons Learned from Single-Family and Multifamily Investing
12:50 Successful Deal and Relationship Building with Brokers
16:18 Underwriting Deals and Market Outlook
22:14 Impactful Lessons and Dinner with Kobe Bryant
23:41 How the Audience Can Help and Contacting Corri Golden
24:18 Actionable Steps for Aspiring Real Estate Investors

Connect with Corri Golden :
Website: investwithgolden.com
Facebook: https://www.facebook.com/corri.golden
Instagram: https://www.instagram.com/corrigolden/
LinkedIn: https://www.linkedin.com/in/corri-golden-b96313272/
X: https://twitter.com/sonofagolden

Connect with Emeka Ogbonna:
Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
X: https://twitter.com/EmekarOgbonna

Andy Cairns, a real estate investor, shares his journey and insights in the industry. Starting in 2020, he acquired around 30 single-family homes, driven by the need to secure his retirement. With a portfolio of approximately 130 single-family properties, Andy discusses the challenges and benefits of managing single-family homes versus multifamily units. He highlights his work with women and children in facilities and his commitment to helping as many people as possible. Andy also shares experiences of managing multifamily units during the COVID-19 pandemic and the importance of finding the right Section 8 tenant. His strategy involves buying, fixing up, renting out, and refinancing properties, using the BRRR method. Challenges in finding good deals and the decision to self-manage properties are explored. Andy discusses developing an app to analyze deals but expresses concerns about liability. The conversation delves into real estate goals, integrity, and partnerships, emphasizing asset accumulation and learning from past mistakes.

Chapters
00:00 Introduction to the Stay Ready Real Estate Podcast
02:06 Andy Kearns' Current Portfolio
04:16 Finding the Right Section 8 Tenant
06:28 Developing an App for Underwriting and Analyzing Deals
08:52 Goals and End Game
10:52 The Challenges of Working in Real Estate
13:06 Wholesaling Distressed Properties
14:52 The Importance of Cash Flow and Equity
14:59 Crazy Experiences in the Real Estate World
15:01 Planning for Retirement with Passive Income
16:09 Recommended Books for Aspiring Investors
17:12 Using Assets to Pay for Liabilities
17:53 How to Reach Emeka
18:11 Raising Money for the Business
18:36 Introduction
18:39 Step 1: Visit the Local Housing Authority
19:22 Step 2: Networking at Real Estate Meetups
19:56 Step 3: Understanding the Local Market
20:26 Conclusion

Connect with Andy Cairns :
Website: https://www.skyefive.com/our-company/
Facebook: https://www.facebook.com/TheAndrewCairns
Instagram: https://www.instagram.com/theandrewcairns/
TikTok: https://www.tiktok.com/@theandrewcairns

Connect with Emeka Ogbonna:
Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm

Ryan Potuck, also known as the Tee Time Investor, shares his journey as a multifamily real estate investor and his passion for golf. He discusses how he transitioned from day trading stocks to real estate investing after reading Rich Dad Poor Dad. Ryan emphasizes the importance of networking and finding the right mentors to overcome limiting beliefs and access capital. He shares his goal of using real estate to fund his golfing adventures and inspire others to achieve financial freedom. Ryan also recommends the books 'Who Not How' by Dan Sullivan and 'Tax-Free Wealth' by Tom Wheelwright.

-Real estate investing is a proven asset class that can provide cash flow and long-term wealth.
-Networking and finding the right mentors are crucial for accessing capital and overcoming limiting beliefs.
-Investing in assets like real estate can fund your passions and provide financial freedom.
-Books like 'Who Not How' and 'Tax-Free Wealth' offer valuable insights for aspiring investors.
-Setting goals and breaking them down into actionable steps is key to achieving success in real estate investing.

Chapters
00:00 Introduction and Background
08:31 Using Real Estate to Fund Passions
15:03 Networking and Mentors in Real Estate

Connect with Ryan Potuck :
Website: https://theteetimeinvestor.com/
Youtube: https://www.youtube.com/@TheTeeTimeInvestor/featured
Facebook: https://www.facebook.com/profile.php?id=100093080192970
Instagram: https://www.instagram.com/theteetimeinvestor/

Connect with Emeka Ogbonna:
Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm

Tony Castronovo, managing partner of Novo Multifamily Group, shares his journey in real estate investing and the importance of scaling and leveraging other people. He emphasizes the need for cash flow and appreciation in real estate investments and discusses the current market conditions. Tony also talks about the books that have influenced him and the impact of having a mentor.

Stay Ready listeners/viewers get a $197 trial for 30-days access to Multifamily Academy by Multifamily Maestros. The trial includes access to our first 3 training modules, along with weekly group mentoring calls, and access to our community & related resources.

Find a mentor and network to have someone to rely on for guidance and advice.Determine how to scale your real estate business early on and delegate tasks to others.Focus on both cash flow and appreciation in your real estate investments.Stay informed about market conditions and leverage opportunities.Read 'Who Not How' by Dan Sullivan and 'Atomic Habits' by James Clear for valuable insights and practical knowledge.Value the impact of having a mentor and the importance of personal growth and development.
Contact Tony:
Email (real estate): tony@novomultifamilygroup.com
Web (real estate): https://novomultifamilygroup.com/
Email (one-on-one coaching): tony@grit-to-growth.com
Web (one-on-one coaching): https://grit-to-growth.com/
Email (group mentoring & training): tony@multifamilymaestros.com
Web (group mentoring & training): : https:// multifamilymaestros.com/
Linked-In: https://www.linkedin.com/in/tonycastronovo/
Facebook: https://www.facebook.com/profile.php?id=100088878832810

Connect with Emeka Ogbonna:
Website: Gobonnaequity.com
Instagram: https://www.instagram.com/stayreadyrealestate/
Podcast: https://rss.com/podcasts/stayreadyrealestate/
LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/
YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM
Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm