How We Differ from the Norm - The Real Estate Investing Experience Podcast
We are real estate investors who have approached our business in a way that differs from the norm. We have chosen to focus on people rather than focusing on money (while of course still making sure the numbers work!), and Returns on Impacts rather than Returns on Investments. Through our company, Adventurous Real Estate Investors, our goal is to add value to our residents and create thriving communities within their investments. In this episode, we discuss the impetus behind our entry into the world of real estate, how changes brought about by the COVID-19 pandemic benefited us, and some of the deals we have been involved in so far.
Key Points From This Episode:
Michael’s time in the military and his timeframe for retiring, and the work Suzy does outside of real estate.
How the COVID-19 pandemic drove Suzy and Michael into the world of real estate.
The unexpected event that caused Michael and Suzy to alter the plans for their real estate business and fast-track their entry into multifamily.
A great team, and capital raising; the keys to doing syndication.
Different roles that Suzy and Michael hold in their business.
Suzy and Michael’s first deal, what they have accomplished since then, and future deals in the pipeline.
Three main elements that Michael and Suzy look for when deciding whether to invest in a deal.
How investor input influences Suzy and Michael’s decisions.
Why Michael and Suzy focus on Return on Impact rather than Return on Investments, and what this means.
Ways that Suzy and Michael add value to their investments and contribute to creating thriving communities.
How Michael and Suzy dealt with transitioning from single-family to multifamily.
Don’t run away from fear; you should be doing the things that scare you.
The connections Michael formed in the military, who have been so helpful to the business.
Advice for finding the right team members, and the importance of establishing trust.
Michael and Suzy’s goals for the future, which involve serving as many people as they can.
Tweetables:
“There is a huge space where you can invest, really, from anywhere, as long as you have that great team and boots on the ground and someone who knows the area really well.” — Suzy Sevier [0:06:33]
“Something that we’re super big on, a different ROI, is a Return on Impact. We talk about, “What impact is real estate investing having on your life? What are you able to do now that you’re leveraging this”?”— Suzy Sevier [0:13:15]
“Talking about people rather than money is something we’ve found to be very successful.” — Suzy Sevier [0:14:19]
“There’s a lot of investors that come in because they know us, they know what kind of impact we’re trying to make on the communities and how we’re trying to change things for the residents living there.” — Michael Barnhart [0:16:06]
“If it’s not scary, you probably shouldn’t be doing it. You should only be doing the things that terrify you the most. Then you know you’re going in the right direction.” — Michael Barnhart [0:18:56]
Press play above or listen on your favorite medium of choice! We are always here to help guide people in their journey and answer any questions you may have.
Please do not hesitate to reach out at any time!
Until next time...
Explore more. Adventure awaits.