CFD 269 - Rod Khleif Tells Us to Eat, Breathe and Live Real Estate to Find Our WHY…

Cashflow Diary™

Ever wonder what it would be like to own 2,000 units ofproperty? Like lots of properties and even a few apartmentbuildings? Well, you’re going to want to listen to this episode ofthe Cash Flow Diary podcast all the way to the end. Today’s guest,fellow podcast host, philanthropist and big-timereal estate investor Rod Khleifhas owned and managed that many units and helps a whole lottapeople in the process.

So when did Rod’s love of real estate investing kick in? In histeen years when he saw his mother save up money by babysittingother people’s children to purchase a family home. Rod thought itwould be neat to get intoreal estate, so he became an agent very early in life. He evenhad his face plastered across some outdoor advertising. But hedidn’t end up earning much money as an agent.

Rod then started looking at real estate with new eyes… theeyes of an investor. At the age of 21 he bought his firsthouse. He was on his way to the success he craved as aninvestor.

While Rod had a lot of successes, he also had a number offailure events. He calls them his “seminars” because he learned alot from each failure event. He says these events are absolutelynecessary, and we can’t fear them. We just have to be willing toput the time in to learn and grow and do… one step at atime.

One of the things Rod says he learned is that real estate goesin cycles. By that he means markets go up and markets go down. Realestate investing works in any market, but you need the rightstrategies. His is buying and holding… and renting properties totenants. That’s his sweet spot. He’s not a flipper; rather he wantsto hold onto the properties over the long haul.

Rod also says that it can be easier to buy a small commercialproperty, for example, apartment buildings than to buy onesingle-family house. It can be easier to rent apartments out, too.There are other benefits to owning apartment buildings vs. severalsingle-family houses, like the fact that all the units are underthe same roof vs. having properties scattered around the area.After all, which is easier to manage and maintain?

If you want to learn about the importance of failure, why success is not a destination butrather a journey, why you’re “stuck” while you really want to moveforward, and how to step up your game, listen to this episode.(You’ll also learn a few ways to push yourself forward, no matterwhat, and the importance of writing your goals down and visualizingwhat you really want out of life.) Learn more. LISTENNOW.