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“We have 1, 3, and 10-year plans… I can tell you specifics on how the company is going to look 10 years from now. I can tell you the size of the portfolio, the number of employees, what we’re going to be doing, charities that we’ll be working with. I can tell you details.” Carlos Vaz
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Carlos Vaz had a goal to purchase 2000 multi-family units in 2 years.
The catch; he had no history making such deals and he was in a foreign market. Literally. He landed in Dallas Texas via Brazil.
And, he nailed it.
This is big-time thinking and big-time investing. Carlos dives into what type of mindset it takes to build a long term real estate investing plan and how to stay focused while driving towards that goal.
Learn more about Carlos and Conti Real Estate Investments.
Listen to the Podcast
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Diving in with Carlos Vaz…
- Building your personal and business fountain and finding out what is important to you.
- Learn how to discover and ID your market.
- How to build relationships with brokers and banks.
- How to look at and analyze properties. So you don’t lose.
Along with some amazing mindset shifts!
Watch the Video Version
Start – Creating a long term real estate investing plan.
5:45 – How to think BIG.
8:30 – Carlos’ journey from Brazil to Boston and eventually landing in Dallas, Texas.
13:50 – What type of key factors did he look at when moving to the Dallas market.
21:30 – Economies of scale. Scaling the number of units per multi-family from 150 units to 500 units.
22:55 – How to fund really big deals.
25:30 – How to work with brokers.
26:20 – Should you use a management company or should you partner? How to find a good management company and what to look at when partnering.
28:25 – What does a management company typically charge?
33:30 – Stabilizing your first deal and how to get your first loan.
35:25 – Non-recourse loans vs. recourse loans.
37:30 – Who is the decision maker when working with a bank? And the drawback to financing with a bank.
39:15 – Financing tips and what’s involved in due diligence.
43:30 – Strategy behind what types of properties to look for. Hint: It’s all about the location. Also, looking at A, B, and C properties.
48:55 – Create a portfolio mixture.
50:00 – What resources are great to find properties.
54:45 – Listen to what the market is telling you about properties.
56:15 – How to build an awesome team.
56:50 – Expanding past multi-family units.
58:15 – The importance of having good core values within a company.
1:01:20 – Why giving back to your community and the journey of giving back is so important.