In this episode, Dwayne sits down with Rod Khleif, a Dutch immigrant turned real estate mogul who has owned over 2,000 houses and thousands of apartment units. Rod shares his journey from humble beginnings to massive success, including losing $50 million in 2008 and rebuilding his empire. He provides valuable insights into multifamily real estate investing, the importance of mindset, and why giving back has been crucial to his success. The conversation covers everything from technical aspects of real estate investing to the psychological elements of success.
Key Takeaways
1. Success is 80-90% mindset and psychology
2. Multifamily properties are valued based on net income, making them potentially more profitable than single-family homes
3. Due diligence is critical - investigate thoroughly before investing
4. Real estate investing is a team sport - different roles include analytics, relationship building, and asset management
5. Education and mentorship are crucial - avoid "dabbling" in real estate
6. Current market conditions (high interest rates, adjustable rate debt) are creating opportunities in multifamily real estate
7. Giving back and creating value for others leads to greater success
Resources Mentioned
• RodsLinks.com - Free resources and books
• Rod's Bootcamp (Code: RODFRIEND for $97 admission)
• Goal Setting Workshop
• Rod's Warrior Program (1,800+ members worldwide)
• Book: "How to Create Lifetime Cashflows in Multifamily Properties"
CHAPTERS:
00:00 - Introduction
00:38 - Rod’s Background
05:02 - Importance of Giving Back
09:51 - Power of Now
17:02 - Rod's Mom's Journey to America
22:58 - Grant's Motivation for Real Estate
24:09 - Why Real Estate is Powerful
28:19 - Understanding Cap Rates
34:38 - Real Estate Due Diligence
40:40 - Impact of Inflation on Real Estate
42:19 - Real Estate Investment Mindset
46:16 - Importance of a Mentor
49:25 - Sharing Knowledge and Resources
50:07 - Disclaimer
Connect with Dwayne Kerrigan
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Website: www.dwaynekerrigan.com
Disclaimer The views, information, or opinions expressed by guests during The Business of Doing Business are solely those of the individuals involved and do not necessarily represent those of Dwayne Kerrigan and his affiliates. Dwayne Kerrigan or The Business of Doing Business is not responsible for and does not verify the accuracy of any of the information contained in the podcast series. The primary purpose of this podcast is to educate and inform. Listeners are advised to consult with a qualified professional or specialist before making any decisions based on the content of this podcast.