Ep #1,110 - Lessons from 4,500 Units: What Actually Works in Real Estate

Rod Khleif (0:01)

So, let me ask you a question. If you're thinking that you're going to use real estate as the vehicle to get financial freedom for you and your family, then you really need to listen up. There are incredible deals coming in multifamily, and this is because the interest rates are causing a lot of deals to get into distress, into trouble. So if there was ever a time to get into this business, it's right now. I'm seeing a lot of deals in trouble right now. And I'm blessed to say that I personally have helped thousands of people on their path to creating that life of their dreams. It's my greatest blessing in life. Now if you're serious about creating that life for yourself and you're going to do it in real estate, for god's sakes, come spend a couple of days with me at my two-day virtual boot camp. It's July 12th and 13th and you'll be immersing yourself in this exciting business. I don't sell anything at this event and the price is less than a lunch. It's ridiculously reasonable and you'll leave the event knowing how to find deals, how to evaluate those deals, how to raise all the money you need for your deals, how to finance them, how to syndicate, joint venture, you name it. It's super early bird pricing. So like I say, the investment is miniscule. Text BOOTCAMP to 72345 or go to rodsbootcamp.com and I'll see you there and I promise you'll be glad you came. Again, text the word BOOTCAMP to 72345 or go to rodsbootcamp.com. All right, let's get to it.

SPEAKER_2 (1:13)

Welcome. This is the Lifetime Cash Flow Through Real Estate Investing Podcast. This is where you'll learn strategies to help you achieve lifetime financial freedom through real estate investment. Your host, Rod Khleif, has owned over 2000 homes and apartments. And he brings experts in all aspects of real estate investment and management onto the show. Now, here's your host, Rod Khleif.

Rod Khleif (1:39)

Welcome to another edition of Lifetime Cash Flow Through Real Estate Investing. I'm Rod Khleif and I am thrilled that you're here. And I know you're going to get tremendous value from the gentleman I'm interviewing today. His name is Cameron Pimm and he's with Stone Mark Landings, stonemarklandings.com, and he's been involved in over 4,500 doors. Welcome to the show, brother.

Cameron Pimm (1:58)

Thank you.

Rod Khleif (1:58)

Yeah, let's have some fun. So we met at I am in, right? The mid-market conference in Atlanta or Charlotte.

Cameron Pimm (2:03)

Where was it? Atlanta.

Rod Khleif (2:04)

Atlanta. And I really liked what I heard. I don't remember if we were just from a discussion or if you were on a panel. I think you were on a panel, weren't you?

Cameron Pimm (2:12)

I was on a panel.

Rod Khleif (2:12)

Yeah, yeah, yeah.

Cameron Pimm (2:13)

I was on the same bearish news. Right, right, right, right.

Rod Khleif (2:16)

Doom and gloom, doom and gloom. And there was a lot of sweat on brows there, I'm going to tell you, OK? And so, you know, why don't you, before we get rolling here on the questions, just kind of give us an overview on your background. You know, did you start in real estate? If not, what did you do briefly before then? Then why real estate? Why multifamily? Do you start in single family? Go to multi. Just give us a little of your history.

Cameron Pimm (2:37)

Sure. I went to college. I majored in business. I got my BBA from Goizueta University at Emory University with a focus in real estate marketing and management.

Rod Khleif (2:46)

Okay.

Cameron Pimm (2:47)

As I got out of school, my first job was actually to be a financial advisor, which was away from the action that I wanted to be a part of. So we were tailoring investment plans that we could minimize people.

Rod Khleif (3:01)

This was one of the big houses? Yes, exactly.

Cameron Pimm (3:05)

And so we were tailoring financial plans and minimizing downside risk, trying to maximize upside. But ultimately, there wasn't enough control there in the equities market, right? You're investing in other people executing.

Rod Khleif (3:19)

And when was this that you were doing the financial planning stuff?

Cameron Pimm (3:22)

2005 to 2007

Rod Khleif (3:24)

Oh, that's an interesting time frame right there.

The world was in, you know, oh my God, this is going to last forever. It's going to be in sick raid. Real estate is the best thing ever.

Cameron Pimm (3:34)

That's right.

Rod Khleif (3:35)

And then 2008

Cameron Pimm (3:36)

Yeah. And so it's an interesting time to pivot into the commercial real estate.