From the NFL to Huge Commercial and Multifamily Success with Logan Freeman
For today’s episode, I’m excited to welcome real estate investor, developer, and founder of LiveFree Investments, Logan Freeman. He has found his niche in the industry acting as an investment property specialist, actually representing buyers instead of sellers in the transaction process. Completing over 120 transactions in less than a year, Logan relies on his established processes and priorities to guide his profit-producing activities. He continually invests in himself so that he can provide great value to his investors, making sure to pivot and listen to what the market is providing. Logan is also the host of the LiveFree Investors Podcast where he interviews business owners and investors from around the country.
Logan first shares his background story with us. He finds his home town to have more of a fixed mindset and says he’s always had a growth mindset. He believes this fixed mindset was ingrained in him because of two reasons, which he is still reflecting on. His mother worked two jobs to provide for their family. And that was one reason he thinks that even though she's not really a growth mindset type of person, she did what she had to do. And then the second one is that his dad, from an early age, instilled in him the feeling that you can do whatever you want to, but you have to set your mind to it.
Logan talks about the menial jobs he had when he was a teenager and the lessons they taught him. He also talks about the role that playing sports had in his life. He had the awesome opportunity to play football both in college and in the NFL, and he shared the difficulties related to this, but also how it shaped who he would become. In the course of a six month period, he got cut from the NFL, was no longer an athlete and had to find his identity, lost 120 pounds, went back to school while working full-time, and he lost his father after a long battle with drug and alcohol addiction. It was a very tumultuous period for Logan, but really formed his journey forward.
Logan shares how he completed his first live-in flip in 2013. He discusses the different ways he found the money to finance his real estate deals and how he expanded into the multifamily market. Logan also discusses more creative financing options such as a Delaware Statutory Trust Structure (DST). We also talked about affordable housing and how Logan uses it for his business.
Logan takes the time to explain the concept of syndication to our listeners. Logan’s favorite book on this topic is Principles of Real Estate Syndication by Samuel K. Freshman. He calls it “the textbook for syndication” and he tells us how it helped him immensely in building the sector of his business. Logan talks about the different ways that his company, Live Free Investments, works with investors in the Kansas City area. They act as a broker with their clients, placing the tenants, managing the property, and providing visibility into any rehab work that needs to be done. They also are involved in equity syndications, sourcing investment opportunities to investors which allow them to be part of an asset class they may not have otherwise been able to invest in.
Don’t miss this incredibly honest and informative conversation with businessman and podcaster, Logan Freeman! Make today the day you become a faithful listener of the Just Start Real Estate Podcast as we provide you with insight into actionable real estate investing and business development wisdom!
Notable Quotes:
“What I learned as I was going through collegiate sports was that you get to affect your results and you are impacted by the decisions and the choices that you make.”
- Logan Freeman
“I'm a big believer that I can't sell or be a part of something I don't believe in.”
- Logan Freeman
“There are certain types of investors and there's a big difference between active and passive investors.”
- Logan Freeman
“I created what I call a capital raising machine. It all starts with reputation, leadership, and visibility. ”
- Logan Freeman
“I have built a massive following of over 10.5K people on LinkedIn that engage with me on a regular basis.”
- Logan Freeman
“It's my job as a real estate broker to build relationships with sellers.”
- Logan Freeman
“People want to understand who you are. People invest in a person, not necessarily a brand unless you are Apple or something.”
- Logan Freeman
Links:
Principles of Real Estate Syndication
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
