MultiFamilyLegacyPodcast

Today, I’m talking to Phil Capron, U.S. Navy veteran who served as a Naval Special Warfare Combatant Craft Crewman (SWCC). He purchased his first property in Norfolk, Va., while serving in the military. Five years and 30 flips later, Phil’s in the multifamily business and author of a new book, Your VA Loan: How It Can Make You A Millionaire.

Topics on Today’s Episode:

● From Navy SEALS to Multifamily Space: Phil’s story and journey into real estate
● SWCC—What they do: Jump out of planes, drive fast boats, and shoot big guns
● Veterans Administration (VA) Loan: Enables service members and qualifying veterans to purchase a primary residence at 0% down
● House Hacker: Being resourceful is a big component to live for free, make money
● Assets vs. Liabilities: Pros and cons to living on/off base with family or friends
● Multifamily means more work, but more opportunity to build cash flow
● Lessons Learned: Don’t kill profit by raising all rents at once and losing tenants
● Do Something: Difference between big kahunas and people without portfolio
● Multifamily Space is a Team Sport: Partner with someone with some experience and takes less; it’s better to have a slice of watermelon than a whole grape
● Commander of the Ship: Know how to negotiate and when to keep or sell the property to cash out for cash flow
● Version 1 is better than Version None: Write a book and teach what you know
● Move On: Never let a failure/setback define you for an extended period of time

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