90 episodes

Are you tired of the "happily ever after" style multifamily podcasts where everything goes to plan? If you are like us, you know that you learn more from mistakes and missteps than when the plan goes smooth. Join your host Jerome Myers, as he digs into the missteps of active apartment operators. In these 30 minute or less episodes, follow along as we find and analyze the blunders in one of the four areas of a multifamily project life cycle: Finding, Funding, Fixing or Flipping the project. We conclude each episode with how the issue was corrected, as well as the other valuable lessons learned.

Multifamily Missteps Hosted by Jerome Myers Jerome Myers - The Preeminent Authority on Dream Realization

    • Business
    • 5.0 • 97 Ratings

Are you tired of the "happily ever after" style multifamily podcasts where everything goes to plan? If you are like us, you know that you learn more from mistakes and missteps than when the plan goes smooth. Join your host Jerome Myers, as he digs into the missteps of active apartment operators. In these 30 minute or less episodes, follow along as we find and analyze the blunders in one of the four areas of a multifamily project life cycle: Finding, Funding, Fixing or Flipping the project. We conclude each episode with how the issue was corrected, as well as the other valuable lessons learned.

    Wire Fraud

    Wire Fraud

    While the potential for growth in the real estate business is staggering. Once you are in it and witness how much you can scale, it can be tempting to keep going. That’s definitely possible, however, in today’s episode, Mike Morawski reveals his story and reminds us of the dangers of not trimming loose ends in implementing business strategies. Hear how he managed the drastic uphills and downhills of the industry from its early parts and how those impacted his life all throughout.


    [00:01 - 05:01] Opening Segment
    I welcome today’s guest, Mike MorawskiHow he sold his business and stumbled upon real estate[05:02 - 12:16] The Significance of Information Disclosure to Investors
    The sudden shift in the market and the 2008 bubbleMike shares his struggles as a multi-business ownerFrom being convicted for wire fraud to becoming a commendable real estate coach[12:17 - 29:47] The Repercussions of Scaling Too Quickly
    The intentions may be good, but it’s important to check on the mannerHow Mike figured out the real estate systems at the early stagesThe contributory factors to realize in building confidence before scaling up[29:48 - 27:56] Closing Segment
    How to position yourself towards proper execution Final words

    Tweetable Quotes:
    “I had a guy walk up to me and said, ‘Hey, don't let these people beat you. All they want to do is take everything from you. And they can take your real estate, they can take your cars, they can take your business, they can destroy your family, but what they can't take is what you're made up of.’ ” - Mike Morawski 
    “[The investors] may panic, but be willing to just say, hey, we're in business. Business doesn't always go as planned. Here's what happened. We want you to be a part of the solution. I think that's something that I think more of us can do.” - Jerome Myers


    Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
    Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
    Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC



    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 36 min
    Losing Money on a 400 Unit Reposition - David Lindahl

    Losing Money on a 400 Unit Reposition - David Lindahl

    Reassuring ourselves of a good deal is not as simple as determining the potential future value appraisal. It comes with consideration of varying aspects and the market cycle is one of them. David Lindahl discusses the importance of recognizing the patterns of the market and using such observations to elevate our decision-making process in property acquisition. Just as how the flow of trends goes, there exists a method to effectively evaluate deals further.


    [00:01 - 05:24] Opening Segment 


    I welcome today’s guest, David LindahlHow he moved from small to big property acquisitions in the emerging markets

    [05:25 - 11:50] Understanding the Full Cycles of the Market


    The ultimate advantage of grasping the market transitionsWhere people go wrong in assessing the market cycleDavid shares his experience as an author and the pursuit of making his parents proud

    [11:51 - 29:24] Revamping Deal Selections and Finding Partners


    David shares his first deals and finding his first investorThe heavy influence of market cycles in household formationThe dangers of disorderly inventory and lack of risk assessment

    [29:25 - 35:14] Closing Segment


    Have the right mindset and overcoming your limiting beliefsFinal words


    Tweetable Quotes:


    “Now, if you understand the full cycle of the markets, the four phases, the transitions, and what strategies to be using during each phase, which is explained in the book, then you can sit in your own backyard and make money in each particular phase with the right strategies. The key is recognizing the transitions. That's where people usually go wrong.”  - David Lindahl


    “This first deal is gonna be the hardest, you know, but if you get through the obstacles and get through your limiting beliefs and get it done, oh, it's like the sky opens up, the sun shines down, you love life gets better, and your face clears up. It's just a beautiful thing.” - David Lindahl


    Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
    Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
    Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC



    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 36 min
    What You Must Know About Real Estate Education

    What You Must Know About Real Estate Education

    Let’s get into it to get a deep dive into some of the harsh truths of real estate and how to overcome them.

    [00:01 – 06:02] Opening Segment
    Jerome talks about his background.Three things that you want to do before you quit your job to get in real estateTo get more of that check listLink below
    [06:02 – 20:20] Education in Real Estate
    What Jerome went through with the banksThe importance of educationWhat should people be looking for to find the right educatorsThe importance of getting to know the person that you want learn fromFiguring out your why as a studentThe lack of diversity in real estate investing[20:20 – 32:17] Incomplete Solutions
    Jerome talks about incomplete solutions.How having the mindset is important but not sufficient to succeed.The importance of networks.Jerome’s talks about the context of his podcast, his conference and his course and coaching services.Contact JeromeLink below.
    [32:17 – 37:49] Bullseye Round
    Apparent Failure:
    Not being able to get his first deal done.
    Digital Resource:
    Calendly
    Most Recommended Book:
    Sizing People Up
    Daily Habit:
    Running
    Curious About:
    Interest rates
    I Wish I Knew When I Was Starting:
    Getting educated
    Best Place to Grab a Bite in Greensboro - North Carolina
    Scramble
    Contact Jerome:
    His podcast, details about his conference, his coaching and courses can be found at: jeromemyers.com
    Tweetable Quotes:
    “The banks don’t invest in dreams. They invest in proven business plans with experienced operators.” - Jerome Myers
    “When you are unconsciously incompetent, your are in that space of ‘I don’t know what I don’t know.’” - Jerome Myers
    Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode
    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 38 min
    The Boss is the Capital Stack - Josh Cantwell

    The Boss is the Capital Stack - Josh Cantwell

    The realms of real estate can be appealing especially in the aspect of monetary gain. In reality, there is more to it than that - it is not simply about acquiring low and selling at a high price. To experience more rewards, we must be willing to do the hard work and give value to our product. In this talk, Josh Cantwell stresses the importance of not relying on the “MVP”, recognizing that money is king, and breaking down the dangers of merely getting a deal done. And all the while acknowledging the goal of the hustle - financial freedom - and ultimately, satisfaction in life.


    [00:01 - 03:52] Opening Segment 
    I welcome today’s guest, Josh CantwellHow he got into real estate[03:53 - 14:51] Realities of Attaining Financial Freedom
    The meaning of financial freedom and its challenges for entrepreneursJosh talks about his deals and the threat of COVID-19The considerations in building a solid business model[14:52 - 28:48] Dangers of Rushing the Deal
    The real MVP in real estate investingWhat tenants truly care aboutWhy being on time yet going over budget is better [28:49 - 34:45] Closing Segment
    The truth about business - money is kingFinal words

    Tweetable Quotes:
    “And the big challenge for every entrepreneur in today's market is to sit and think about what they're really trying to do, and realize that yesterday is gone. .” - Josh Cantwell
    “ You do the hard work. That's where the MVPs are at… Why is somebody gonna pay you more rent, if you're not giving them a better product? Simple as that.” - Josh Cantwell
    “I was passionate about what I was doing. I was loving it. So if I literally had my number calling, I was off the face of the earth that year, I would have been okay with that. Because I was doing what I love. I was having fun with it.”  - Josh Cantwell


    Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
    Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
    Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC



    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 35 min
    Don't Trust Your Gut When Hiring - Anthony Scandariato

    Don't Trust Your Gut When Hiring - Anthony Scandariato

    Many people will tell you to trust your gut whenever you’re making a key decision in your life. In the real estate business, however, it pays to not follow your gut all the time, especially in hiring. What you should do always is doing your due diligence to ensure that you’re doing the right thing. In the case of Anthony Scandariato, he learned to not trust his gut when hiring and instead prioritize background checks to hire the right guy. 
    [00:01 - 04:25] Opening Segment 
    I welcome today’s guest, Anthony ScandariatoHe talks about the services their company offers [04:26 - 15:03] Hiring the Wrong Guy 
    The truth about multifamily investing you should knowWhat Anthony learned from hiring the wrong guy Why background checks are required in hiring [15:04 - 20:08] Why Market Research is Important 
    Should you have a bookkeeper in-house?Here’s Anthony’s experience The importance of market research in real estate Anthony gives a sneak peek on how they look at deals [20:09- 24:59] Closing Segment
    Don’t miss Anthony’s words of wisdom!This is applicable for beginners and expertsFind Anthony at the links belowFinal words

    Tweetable Quotes:
    “Don’t be afraid, regardless of whether you’re a beginner, intermediate [or] advanced, keep building out your team.” - Anthony Scandariato
    “It’s really the property management from multifamily that’s really the key to success, in my opinion, in this business.” - Anthony Scandariato


    Resources mentioned
    Brian LeonardIndeed

    You can connect with Anthony by emailing a.scandariato@redknightproperties.com or get in touch with him on LinkedIn, Instagram, and Twitter. Visit Red Knight Properties to grow your income and wealth from investing passively in real estate! 
    You can also check them out on Facebook, Twitter, Instagram, and YouTube.


    Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
    Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
    Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 24 min
    Can I Talk About My Real Estate Business On Social? - Brian Pownall

    Can I Talk About My Real Estate Business On Social? - Brian Pownall

    It’s hard to get your target audience to engage in your social media content since there is a lot of “competition” for their attention. Brian Pownall learned that the key for them to engage with you is to be a relatable content creator, which you can only achieve if you’re getting yourself out there. 

    Share your journey, both the ups and downs. Discuss the lessons you’ve learned along the way. Be transparent. Show them how unique you are. The next thing you’ll realize is that people are starting to engage in your content, making it easier for you to engage them in your business.
    [00:01 - 03:32] Opening Segment 
    I welcome today’s guest, Brian PownallHow he got interested in multifamily syndication [03:33 - 13:36] Promoting Real Estate in Social Media
    Which should you try first, joint venture or syndication?How to leverage your socials for your real estate businessEngage people by documenting your journey [13:37 - 24:27] How to Invest and Where
    How to learn real estate in the best and quickest way possiblePartner strategically to make your investing a success Here’s howThe market where you should start investing [24:28 - 27:29] Closing Segment
    Why you should always be in your peak performance conditionFind Brian at the links belowFinal words

    Tweetable Quotes:
    “The person who can articulate the problem the best is the de facto expert.” - Jerome Myers
    “When you start talking about that pain that you’re trying to solve, when you talk about the problems, and your journey to get to a solution, that’s gonna resonate with the other people who are in the same boat.” - Jerome Myers


    Resources mentioned
    Gary Vaynerchuk


    You can connect with Brian by emailing brian@newdayinv.com or get in touch with him on LinkedIn. Check out Silverado Oil & Gas, LLC to start investing in large-scale, liquid-rich resources! 



    Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
    Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
    Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
    Support the show (https://www.facebook.com/groups/157335752156211/)

    • 27 min

Customer Reviews

5.0 out of 5
97 Ratings

97 Ratings

Hardexj ,

Amazing

Love this podcast,listen and relisten to it everyday.

thomast#92 ,

Authentic and Informative

Jerome Myers inspire and inform with a ton of personality and good content that helps you holistically as a RE investor.

rxxly89 ,

The Multifamaily Missteps Podcast

Such a great podcast! keep it up great works!

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