In this episode, I speak with Rod Khleif, an immigrant turned multifamily mogul who amassed a net worth of $50 million, lost it all, and came back stronger. We dive into the mindset behind their success, the dangers of rapid growth, today’s housing market, senior housing, and much more.
Rod’s story is filled with powerful life lessons and specific advice on how to thrive in real estate (even if you’re starting from scratch).
Want to hear what a $50 million loss sounds like? You’re about to find out!
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Key takeaways
In this episode, you will be able to:
- Discover why mindset accounts for 80-90% of success and discover the “ultimate success formula” for overcoming obstacles.
- Understand why Rod recommends multi-family homes over single-family homes after losing $50 million when his homes failed but the apartments held their value.
- Discover how to identify limiting beliefs that block your progress and the technique to eliminate them by examining them with your rational mind.
- Discover why current market conditions present exceptional opportunities, with multifamily assets selling at discounts of 40-50% due to adjustable rate debt.
- Learn the three-step framework for getting started in real estate without money: education, environment (peer groups), and execution through mass action.
Transcript of the episode
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About the author
Seth Williams is the founder of REtipster.com, an online community offering real-world guidance for real estate investors.
