Show notes
You might not know his name now, but you will know soon. Our guest for today is a rising star in the real estate business, John Okocha. John is Vice President of Acquisitions with the Elevate Commercial Investment Group and an integral part of growing more than 1,700 multifamily real estate units in 2019. He was 17 years old when he took his first real estate course. Almost a decade later, he’s now an executive of a real estate firm at 25. If John can do it, so can you. Let’s all welcome, John, and learn how to break into multifamily and join a $150-million dollar team. [00:01 - 06:46] Opening SegmentI introduce our guest, John OkochaJohn shares his path to real estateFirst course in real estate at 17 years oldHow much did he spend on his first course?[06:47 - 15:10] Calling 1,000 People a DayJohn shares his transition from single family to multifamilyHe talks about how he is showcasing his value to his teamHe tells us a story on his first deal [15:11 - 22:40] Normalizing ExpensesJohn shares some tips to underwrite a deal you don’t want to miss!What does he mean by “normalizing” expenses? How about “T-12,” “NOI,” and “rent roll?”He tells us what is an 8% cash-on-cash return[22:41 - 34:11] Borrowing Track RecordsJohn tells us how he’s achieved many things at his ageLeveraging other people’s track recordHe shares his team’s approach before and during COVID-19He gives a few golden nuggets about underwriting a dealJohn shares an interesting story you’d want to hear![34:12 - 42:23] Closing Segment What’s next for John? He tells us the fastest way to get whatever we wantConnect with John. See links below Final words from John and meTweetable Quotes:“Treat people well. Treat people with integrity. Mean what you say…because it’s the right thing to do.” - John Okocha“Teamwork makes the dream work.” - John Okocha“Surround yourself with the people that have what you want. That is the quickest way to get what you want.” - John Okocha ------------------------------------------------------------------------------------------Connect with John on LinkedIn, Facebook, and Instagram. Visit their company online and on LinkedIn, Facebook, Instagram, and YouTube.Guest Email: [email protected] Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.

