Know the comparison and contrast, the advantages of multifamily properties versus single-family properties, discover how to create lifetime cashflow through multifamily properties, and learn how psychology and having the right mindset helps achieve success in real estate investing.
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Summary
Rod Khleif is a very experienced real estate entrepreneur. He immigrated from Holland, the Netherlands to the United States when he was just 6 years old. He got interested in the real estate industry when his mother bought a house and earned $20,000.
He got his real estate broker license and started investing when he was 18 years old. Since then he has owned and managed over 2000 properties, all the way from single-family homes to large multi-family complexes.
In this episode, Rod tells us how he got successful in the real estate industry by just having the right mindset and psychology. He also explains why multifamily properties are much better and much profitable than single-family properties. He’ll also reveal the strategies he made to achieve his formidable success.
Topics Covered:
1:45 – Rod’s backstory, how he got interested in the real estate industry
3:09 – The power of mindset and psychology to succeed in life
4:20 – The mission of his podcast Lifetime Cash, the opportunities of multi-family properties
5:35 – The problem he encounters with his single-family portfolio
8:25 – Comparison and contrast, the advantages of multifamily properties versus single-family properties
10:07 – Advice for someone who is just starting in the real estate investment career
10:48 – Why it is easier to do commercial, five units or higher deals
12:10 – How to build competence in the business
14:40 – How to get on the right mindset
16:00 – The power of visualization: How having pictures of his goals helped him get in the right mindset
Key Takeaways:
“You got to know exactly what you want and why you want it. So it’s not just writing your goals down, it’s taking your goals to a whole another level.”– Rod Khleif
Connect with Rod Khleif:
Connect with Dave Dubeau:
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