In this episode of the Lo-Down, Lorenzo Mercado interviews Chris Luna, a multifamily developer and founder of the Backyard Billionaires community. Chris shares his journey from running a cell phone repair business to becoming a successful real estate investor. He discusses the importance of cash flow versus equity, the differences between multifamily and single-family investments, and his strategies for financing ADUs. Chris emphasizes the significance of delegation, building a team, and raising capital through trust and transparency. In this conversation, Chris shares his journey through significant setbacks in real estate, emphasizing the importance of learning from failures. He discusses the power of mindset and resilience, revealing how early morning routines and personal experiences shape his approach to challenges. The discussion also highlights the value of building connections through social media and networking events, as well as insights gained from interviewing influential figures in the industry. Chris reflects on the role of faith in his success and outlines his future aspirations in real estate development. Enjoy the show!📌 Topics Covered:✅ How to raise money for your first deal 💵✅ The power of networking & mentorship 🤝✅ Finding and structuring multifamily deals 🏢✅ Mindset shifts for financial freedom 🚀👍 If you enjoy, please share to anyone who would find value in the episode. Also please give a 5 star review on whichever platform you are listening on.Subscribe on Youtube To Stay Notified For New Videos: https://www.youtube.com/@Lorenzo.Mercado🔗 Follow Us:Chris Luna📷 instagram.com/chrisj.luna📺 youtube.com/@chrisjluna -----Lorenzo Mercado📷 instagram.com/lorenzo.mercado_Chapters00:00 Introduction to Chris Luna and His Journey01:07 From Cell Phones to Real Estate: The First Deal04:11 Understanding Cash Flow vs. Equity in Real Estate08:14 The Differences Between Multifamily and Single Family Investments10:06 Defining the Buy Box for Real Estate Investments12:08 Navigating Permits and Construction Timelines14:14 Strategies for Financing ADUs and Scaling Up16:34 Overcoming Challenges in Scaling Real Estate Ventures18:40 The Importance of Delegation and Team Building20:50 Raising Capital: Building Trust and Transparency23:24 Learning from Setbacks27:40 The Power of Mindset31:06 Building Connections through Social Media35:39 Insights from Influencers37:34 The Role of Faith in Success41:12 Future Aspirations and Growth

Ver todos los episodios