E10: Managing Properties in the U.S. from the UK w/Michael Barnhart & Suzy Sevier 

 August 20, 2021

1. Health/Wealth Tip

Health: The Benefits of Sauna 

  • Infrared sauna heats you internally
  • Increased immunity
  • Collagen growth
  • Increased blood circulation
  • Equal to an endurance exercise
  • Regulates sugar levels
  • Reduced acne breakouts and slows down aging

Wealth: Understanding Appreciation 

  • Real estate goes up in value
  • Driving value by becoming worth more
  • Increasing rents or decreasing expenses

2. Michael Barnhart & Suzy Sevier’s Background  (25:17)

  • Michael is active duty Air Force and getting his PhD in biochemistry
  • Suzy is a program manager for a biotech company
  • Moving from Colorado Springs to England
  • Buying real estate in the U.S. without seeing the property

3.  Their Journey into Real Estate Investing (27:30)

  • Reading Multiple Streams of Income by Robert Allen
  • Seeing everything going virtual as an opportunity
  • Attending the virtual REI conferences
  • Going multifamily and Suzy transitioning to real estate full-time soon
  • Their why of serving beyond the four walls

4. Looking Out for Markets (39:42)

  • Hiring two partners of their team on the ground
  • Hiring a property manager aligned with their values
  • Getting introductions to local brokers and syndicators
  • Learning from a mentor and looking for deals

5. Getting Investors (50:47}

  • Getting into deeper conversations with investors
  • Don’t just sell, connect with people
  • Investing with the sponsor, not the deal
  • Managing an apartment building in the U.S. from the UK

6.  Final Exam: (1:15:30)

  • What book or film changed your life?
  • What healthy habits do you wish more people in the world that you interact with carried out on a regular basis?
  • What is one wealth tip you wish you had learned earlier in life?
  • Where do you see yourself in five years?
  • What did you want to be when you grew up?
  • What is one thing on your bucket list that you haven’t done yet?

Subscribe to our newsletter now!