Flip and Danny report 444 doors under management with 129 more closing this month. They hired six new team members, launched a scorecard for investor reporting, and are refinancing a 48-unit property while evaluating an 8-unit building for sale.
January 13, 2022
444 doors
129 doors
Three acquisition specialists
Three investor-relations team members
Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group family of companies. And welcome to another episode of our.
Podcast, Freedom Through Passive Income.
That's right. And today is another one of our special episodes. This is one of our weekly live episodes. And this is week number two, DOS. And today is Thursday, January 13, 2022.
Yes. I love these. This is such a good idea.
Yes. This is a progress update.
Yes. Yeah. So it was Tanya Rooney who gave us the idea and said, hey, we'd love to, like, just watch your journey as you keep on going. And so we've got some evergreen episodes and some live episodes, and it's. It's just a little bit. It's a small tweak of fun.
Love it.
All right.
Keeping it fresh.
All right, so we've got four updates for you from this past week.
Right.
Of what's been happening. And I think you were going to start with the doors, right?
Yes, I love doing the doors. Right now we have 4, 4, 4, 444 doors. And we have another 129 that are going to be closing this month.
Yes.
And what's interesting about that one, I just want to talk about this, because we talk about private money lending and everything. This one you said, you came on up to me and you said that one's oversubscribed. And I'm like, I have no idea what that means. So what that means is that we actually have too many investors with too much money to spend on one project.
Exactly.
And so it's like when we go, oh, no, we need to raise $5 million for this, you know, for this project. And that's, you know, at the beginning, that's daunting. But all of a sudden now we have, you know, more than enough and people, you know, in excess. So we need more deals.
That's right. We do need more deals. And this is so our. This is our second type of waiting list. Right. Turnkey. We have a waiting list of people that want turnkey properties. Now we have a waiting list of people who want to get into our syndication.
It's only a matter of time.
Super exciting. All right. The second thing that we did this week, it wasn't really this week, but it's now 2022, and we're very, very active. We actually did. Yeah, we did our very first scoreboard reporting this week.
Nice.
So that was really nice. So our scorecard is something that we have as a team and all of our apartments, and we've done this for years. But Freedom Capital Investments, we just started Implementing it this week because we had brought on three acquisition specialists and three investor relation team members. And we are training them, talking through them, kind of building the foundation out for the last part of that 2021 and then 2022, we're kicking off. So just this last Monday, we did our first scorecard reporting. It was very exciting. So we're evaluating deals, building relationships. Yesterday we just met with Ken and we were talking about a 48 unit that we're looking at. And it's just. Yeah, we have. Yeah, we're. We're ramping up and we're ready to go.
That's awesome.
Everybody's on fire.
Another thing that we're doing because, you know, no moss grows on us, is we are launching a guest podcast now that's different than this podcast. It's going to have a completely different name, completely different branding. We actually did our first recording yesterday. It was amazing. I love that recording. I love, love the guest. I won't even tell you who that is or everything's a surprise. But this is going to be something for us to build more relationships, not just inside real estate, you know, but just with other successful entrepreneurs, you know, and just other business owners. And. And it's going to expand our audience outside of real estate, you know, and so. Or even inside of real estate, actually. It's going to expand our audience that way, too.
Sure.
But it's also going to expand outside of real estate as well. So we're looking forward to that. And we'll let you know what the name and all that is when we get closer to launching.
Yes. All right. And then the last thing that we put on our list for the progress update today is we are nearing the. Of our refinance on our 48. We actually bought 56. You know, everybody knows that story that's been listening to us. Yes. So it's. It's one set of three buildings. That's 48 units. And then right down the street about five minutes away is another eight unit. So we're refinancing the 48 unit because we want to keep and hold that one forever. And the eight unit, we keep going back and forth. We keep it, sell it, keep it, sell it. We are evaluating selling it again. Yes. So we might be selling that, but we're getting closer to the finish line on that, which is super exciting because it was our very first. It is.
That's the one that broke the mold.
Yes, exactly. Right. So that's all I have for our. Our weekly progress update. You think we Missed anything.
I don't think we missed anything this week, but again, we like to keep these short anyway. So this is one of our live updates and we'll, we'll do this again next Thursday. But again, until then, make sure you're checking out our social media. Go to Facebook. We have a Facebook group, facebook.com group.
Freedom Through Passive Income.
That's right. And make sure you get in there, you get all the crews in there. So if you have any questions, if you have any, if you want some advice, whatever, just go in there, check that out. We also have the group on LinkedIn. It doesn't have the cool little URL, so make sure you just go to the search bar, type in Freedom through Passive Income and you can find it in that way. We Also, we're on TikTok Instagram. We're like trying to be all cool and young and stuff. But again, go in there, let us know how we're doing, let us know what questions you have, any reviews you have. Also make sure you check out our YouTube channel, Channel Freedom through Passive Income. Subscribe to the channel and you'll see all of our podcast, all of our videos on there as well.
That's right. Like love, comment, review the love button, anything that you can do to kind of help us out and help spread the word. And it just gives us feedback on how we're doing.
That's right. But again, we always like to end these episodes with Invest Smart Live Happy. Bye, everybody.
Bye.
Nothing in the show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on the show are not guaranteed. All investment strategies have the potential for profit or loss.
The word. And it just gives us feedback on how we're doing.
That's right. But again, we always like to end these episodes with Invest Smart Live Happy. Bye, everybody.
Bye.
Nothing in the show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on the show are not guaranteed.
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