New Podcast Interview – From MTV to Massive Wealth Creation

Hello and Happy Holidays to all of you!  I hope you’ve been enjoying this time with family and friends, and perhaps giving yourself a much-needed break after working incredibly hard this year!

I was recently given the opportunity to share my story on the Wealth Junkies Podcast and I hope you can take 30-40 minutes to give it a listen and let me know what you think.

•Does it spark any thoughts in your mind?
•Does it make you want to change things in your own life?
•Does it bring up questions about what I do or how we can work together?

Give it a listen and please, give me some feedback!

https://wealthjunkies.com/wj16

We closed on a 3 property portfolio in Jacksonville, FL

CLOSED…CLOSED…CLOSED!

Typically, in real estate, you can only invest in 1 property at a time.  It is rare that you are able to take your one chunk of money and get an ownership share in 3 properties.

That’s what makes this 3-property portfolio acquisition so exciting to share!

  • Property Management – Since we now own all 3 assets in close proximity to each other, we will share property management, cutting costs and becoming more efficient with our time and systems.
  • Construction Costs – We will be heavily renovating many units in the first 2 years, and we will benefit by sharing construction costs, buying in bulk, and hiring construction teams that can work on multiple projects at once.
  • Risk mitigation – In the event that one property has a hiccup along the way, there are 2 others to pick up the slack and offer support.
  • Better purchase price – By buying 3 properties, we were able to negotiate a better purchase price compared to what is trading in the market.
  • Exit Strategies – By putting each property under its own separate loan, we have the flexibility to maximize our returns in the best way we see fit at the time (sell or refinance as a portfolio, sell or refinance individually, or any strategic combination).

Villas At Cedar Creek – 118 Units

Kings Tree Apartments – 64 Units

Park Place Apartments – 70 Units

We closed on ANOTHER multifamily property in San Antonio, TX

We have officially closed  Villas De La Cascada!  This is our 5th asset in the submarket, and we are on-site today taking over. The team is looking forward to executing our business plan.

Villas de la Cascada is a 268 unit property on the west side of San Antonio.

The unique property has 116 units that were built in 1984, and 152 units that were built in 2017!  With a cohesive paint scheme and branding, the property shines as one community.

Our business plan is clean and simple: The 2017 units were recently filled for a ‘lease-up’ (when a developer builds a brand new development and leases up the property at below-market rents to get the units filled quickly).  With rents trailing the comparables in the area, we are bringing in our experienced property mgmt team, bringing rents up to market value on the 2017-built units, while upgrading the 1984-built units – bringing those up to market rents as well.

For those of you who got into this opportunity, congratulations! For those of you who didn’t, I apologize, I wish I had room for everyone in every deal, but sometimes it doesn’t work out that way.  At one point, I sent a warning email that there were only 2 slots left, and they were literally gone by that evening!

What I can tell you is that I work extremely hard to put your money to work (alongside my own) in solid investments, creating passive income with great tax advantages.  This deal will put quarterly checks in our investors’ mailboxes, while they enjoy a stable asset with great management in place.

PS: I have another deal right on the heels of this one, so if you missed out, keep an eye out for that in the coming days.  It has a lower minimum investment, and I have room for non-accredited investors.

Why aren’t you saving money?

I’m going to apologize upfront here, but really, sorry, not sorry.

We have certainly established that, if you can save some money, and invest it in cash-flowing real estate, that money will go to work and generate more money, and rinse and repeat.

But I can’t tell you how many conversations I have with friends and family that start with “Investing passively in real estate is something I’d love to do!’ but is quickly followed by “…but I don’t have any money.”

These are often times 6-figure earners, during a conversation over an overpriced salad, as we get back into their BMW and drive back to our nice air-conditioned office with the fancy coffee maker.
And to be honest, this doesn’t just end with my circle… I have friends who deal with some seriously high net worth clients, who’s assistants drive their Bentley’s to get them the expensive sushi, and they STILL can’t seem to save money.

They earn it, and spend it, and earn it, and spend it, in an endless loop that will chain them to a job for the rest of their lives.

Do I have your attention?

First of all, I understand that everyone’s life circumstances are different.  If you’re in an extreme situation, then this probably isn’t aimed at you.
That being said, perhaps you fall into the category of: “I’m so irritated withmyself because I just can’t save money! I want to invest it, but just can’t manage to save up enough!”

If that’s you, then again, I’m sorry, but you need to figure it out.
So, let me try to help you.

Perhaps you need to take a second and consider what you actually need the money for:

•Do you need more money in order to take a trip with your friends this weekend?
•Do you need money to allow yourself some freedom from work for a week to visit that Hawaiian island you’ve always wanted to because you saw it on a show once?
•Do you need money to buy a few more gifts at Christmas this year for your kiddos?
•Do you need money to hire a housekeeper to clean up after you, since you’re too busy at work trying to make money to pay your other bills?

If all those reasons don’t inspire you to save money, then perhaps, just perhaps, those don’t really matter to you…

What I’m talking about, is finding your ‘WHY.’

WHY do you want to save more money? WHY do you want to invest your money into real estate in order to generate more of it?  This is not a quick answer type of question, but one that will require you to think long and hard.

•Do you want control? Control that you wished you had as a child?
•Do you want your children to have options you never had?
•Do you want to work for yourself and have the luxury of living life on your terms?
•Do you want to travel? Not for ‘vacation’ but because the road calls to your soul?

I’m guessing, that you have yet to come to a strong enough conclusion to that question to motivate you to make some BIG changes in your life – the kind of changes that will be necessary in order to save more money in order to invest it in real estate.

So please, take the time to consider your why.  Because if you don’t, perhaps 10 years will pass, and you’ll end up in the same spot as you are now, wishing you could figure out how to save more money, in order to invest it and change your future some day

**For what it’s worth, I’m still in this process myself.  Working hard to track and control my spending habits, but more importantly, working hard to generate more streams of income, in order to continue investing and set up my family and friends for life.  I’m taking on this challenge right alongside you. So let’s GO!

Why I focus on YOU (New podcast interview)

In this episode, I speak with my friend Brandon Elliot about my mentality behind my company, why I choose to focus outwardly (on making my friends money) rather than just inward (making myself money).

I also talk at length about investor relationships and reveal what I’ve learned after hundreds of meetings with investors of all experience levels.

Thanks for taking the time to listen or watch, and I’d love to hear your feedback!

*If you’d like to set up a time for an investor meeting of your own, I’m always happy to talk about what I do and how I can help you to gain some passive income in your life.

Click HERE for full podcast.

My journey from TV Editor to Real Estate Investor (New podcast interview)

In this episode, I spoke with my friend Terence Michael about my journey from freelance television editor to multifamily real estate investor.  Hear how I spent years turning my passion for learning into an area that, initially, I knew nothing about – real estate investing.  I’ve created new streams of income for myself, making money while I sleep!

There’s definitely some great content for all of the freelancers in Hollywood, as well as anyone else looking to replace their 9-5 income.  Passive income will be your friend!

FYI: depending on your interest, the first 23 min’s are focused on my life in the television industry, and after that, we dive into real estate investing.

Full podcast – http://sorrytobother.libsyn.com/chriscollinspodcast

Are you getting out there?

It’s been a busy month of networking.  My goal is to continue to make new connections, source new deals, and get you into passive investments.

-A team and I put together an out-of-state multifamily investing conference in Long Beach where I made some great connections for future deals.
-I met with new partners face to face and on the phone, filling up multiple notebooks worth of notes and thoughts.
-I was a guest speaker last night at a meetup in Downtown LA about multifamily investing.
-I’m boarding a flight this afternoon to attend another conference in Denver, to both connect with new investors and connect with other apartment operators.  *Flying in early (the conference is tomorrow) to make it to a networking mixer this evening.
-Flights booked to visit 2 new markets in the coming weeks…

But why do I all this?

So you don’t have to!

I dedicated myself to mastering this investing space, and to me, connecting with real people doing real deals with real-life experience is the best place to learn.  Of course, there are books and podcasts, which I’ve read and listened to hundreds, but you can’t pick up the phone and call a podcast for suggestions.  You can’t pick up the phone and call a book to partner on a deal.

I continually expand my network, continually improve my skills, continually do better and better deals, and help out as many people as I can along the way.  And I’m grateful that you’re here sharing in all of that.
Any time you want to get out to an event, let me know and I’m happy to share what I’m up to next and we can go together.  Or any time you have questions, I’m more than happy to connect (preferably over tacos) and continue your education.  In the meantime, enjoy the passive income, while I do the work 🙂

Ok, off to the airport!

What was the last BIG decision you made?

If you’re anything like me, you make lots of decisions every day, but very few of them are ‘BIG’ or ‘IMPACTFUL’ decisions.  Think about it: You decide to eat cereal with your kids instead of making eggs…to get drive-through Starbucks because it’s better than that office coffee… to switch your cell phone provider to save $15/month and get slightly better service…

Most of those decisions take very little effort, and none of those decisions are changing your life.   

I want you to take 30 seconds right now, and think about it… when was the last time you made a big decision that would change your life?  I mean really CHANGE your life?

What’d you come up with?

Deciding to marry your spouse? Have kids? Buy a house? Your career path? Your car? Those are all big, stress-inducing decisions.  Congratulations on committing and making those decisions as well, that’s not easy!

BUT, YOU ARE NOT DONE!

What about the decision to become financially free?

Financial freedom is not something that comes by accident or by hoping it will come.  You have to DECIDE to pursue money-producing investments.  You have to DECIDE that your family will be safe if something happens to your job.  You have to DECIDE that it is worth your time to get educated and take action.

You probably know where I stand, that I value investment real estate that produces streams of cash over stock market investments that create piles of cash.   The reality is, there are many ways to financial freedom. But every single one of them starts with a decision to change your life, to change your spending habits, to invest your hard-earned money rather than spend it, to read different books, to have different conversations…

There’s that cliche question ‘if you change nothing in your life, where will you be in 5 years?’ but it is a good question in this instance.  You will have to make some BIG decisions in order to change your life circumstances.

If cash flowing real estate is something you’d be interested in, shoot me an email, schedule a call. Let’s go over your questions and help you make your next BIG decision!

I got paid to go to Hawaii!

I got back from Hawaii, and these
checks were sitting on my kitchen table.

I was hesitant to write this blog because I don’t want to come off as bragging or obnoxious, but I felt like most of you know where my heart is, and I felt it was worth it to show everyone real, tangible proof that you can change your life.

In my ‘day job’ as a freelance television editor and producer, if I don’t work, I don’t get paid.  I don’t have ‘paid time off’ or ‘paid sick leave’ or anything like that.  So when I used to go to Hawaii with my family, I would generally losemoney because I simply wasn’t working.

But that’s not the case for me anymore.  

My real estate investments literally pay me no matter what I’m doing.  So, while I played with Makai on the beach in Maui this past month, while I spent time with my wife over sunset dinners, literally even while I slept in our hotel, my tenants paid their rent, and these checks arrived at my doorstep.  (And these checks are just from some of my properties!)

My point in all this is not to show off what I’ve built (or my glowing Maui tan), but to show you that you can do this too!  You don’t have to rely solely on your day job as your only source of income.  When you invest passively in real estate, and tenants pay their rent, you can get paid too! Every month, every quarter, like clockwork.

What I do, is all the heavy lifting to buy these properties and get them up and running, so you get to invest passively and enjoy these checks alongside me.  My current investors already know this feeling, as they go to work at their day jobs, as they hang out with their families, as they take their vacations, and their checks show up as well.  They have added steams of income to their lives and it’s making a difference now (not ‘someday’)!

If passive income like this is something that appeals to you, reach out and let me know that you’re looking to get involved.  The market is tough right now, but deals are out there and I should have another investment opportunity for you soon.