My guest today is Corey “The Big Kahuna” Peterson, the founder of Kahuna Wealth Builders. Corey is a real estate investor, educator, and a member of the Collective Genius Mastermind. He specializes in multifamily units.
Corey has humble beginnings, he didn’t start his career in real estate until his 30s. He began wholesaling properties and pivoted into apartment complexes. Corey shares his business philosophy and tells me what he looks for in a deal. Corey’s experience is a great example of how to take good care of your investors and how well they will take care of you in return.
00:00 — Introduction to the Big Mike Fund Podcast.
00:23 — Welcome Corey Peterson to the podcast!
01:36 — How Corey got involved in real estate.
04:00 — How a racquetball game changed Corey’s life.
06:10 — The turning point that lead to Corey investing in apartment complexes.
07:33 — The unique approach that got Corey his first deal.
09:18 — The mistakes Corey made in his first deal.
11:00 — Why you should always take care of your investors.
11:50 — Look at the deal from an investor’s viewpoint.
12:36 — Corey’s second deal.
14:20 — The 1031 exchange deal that paid off.
15:10 — What Corey considers in a deal.
16:12 — The “sweet spot” Corey looks for in current deals.
17:44 — The benefits of requiring ACH drafts from your tenants.
19:50 — The type of deals that appeal to Corey.
20:15 — The upside to working with a management company.
22:33 — Corey’s goals for his investments and the typical exit strategy.
26:09 — Encouraging managers to get 100% occupancy.
28:15 — Corey’s book recommendation.
29:00 — Corey’s contact information.
29:24 — Thank you to Corey Peterson for joining us today.
29:26 — Outro to the Big Mike Fund Podcast.
Why the Rich Get Richer: The Secrets to Cash Flowing Apartments by Corey Peterson
The Richest Man in Babylon by George S. Clason
The Multifamily Legacy Podcast