Sometimes, it takes finding yourself in a situation where your back is against the wall, with no other options, and you are forced to have to make a decision for yourself. You have a choice — to crush your limiting beliefs or let them crush you. And when you find yourself in such a place, that is when you will truly know whether you have it within you to get it done, or not.
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Our guest on the show today is Oscar Buendia. He and his brother German are making it happen in real estate investing. They are owners of REI brothers and Good Day Capital. REI is their podcast for financial freedom through multifamily and Good Day Capital is their real estate investment firm where they bring deals to investors. Today on the show we hear from Oscar about his first negative mentoring experience, how he’s found a better mentorship community, we talk about systems they have developed to help with scaling, how to define and find a quality assistant, and so much more! Stay tuned!
Key Points From This Episode:
- Oscar shares more about his background, his specialty, and what they are focused on at the moment.
- How small multifamily exposed their limiting beliefs.
- How bad a mentoring experience forced Oscar and German to slot in with the Jake and Gino community for mentorship.
- Oscar talks about the systems they’ve developed to help with scaling.
- What it means to find a quality assistant according to Oscar: Critical thinking and education.
- Systems he has put in place to maximize his time and increase his productivity
- Reflecting back — What Oscar would do differently in his first deal.
- How Oscar and his brother prepare for a downturn.
- Daily habits Oscar commits to, to help achieve success: Time blocking.
- How their podcast is becoming a great place for meeting new investors.
[bctt tweet=”If I’m not an expert, and I haven’t done it, I’m going to reach out to the people that have done it. And if I have to pay, that’s okay, because I rather pay for quality than stumble my way into people who don’t know what they’re doing and just taking my money. — Oscar Buendia” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Oscar Buendia
Oscar Buendia is an active duty Captain, in the United States Air Force, and has been serving for the last 13 years. He initially enlisted in 2007 and was commissioned as 2d Lt in 2012. Currently Stationed at Peterson AFB in Colorado Springs, CO, he is fully pursuing his dream of owning and operating multi-family real estate and helping others achieve their financial freedom goals. He currently owns and operates 22 units worth $1.5 Mil.
Oscar has been investing in real estate since 2013. He initially attempted different real estate strategies such as wholesaling and fix & flip with a local area group. Quickly, he realized that this was not his niche. In 2017, he went the buy and hold route and purchased his first duplex. For this, he was able to buy below market value, do a minor rehab and force appreciate the asset. This opened his eyes to the benefits and long-haul journey to financial freedom.
In 2019, Oscar partnered up with his brother German, with the initial intention to purchase a few properties in Ohio. That soon changed when they found a 20-unit rental portfolio. From there they networked and problem solved their way to purchasing this portfolio. Currently, they are working towards stabilization and then disposition of assets. Their eyes were open on how to scale to larger assets, and from there they have set their eyes on raising capital and apartment syndication.
Beginning early 2020, Oscar has now co-founded two companies with German, REI Brothers, and GoodDay Capital. The first company started was the social media outreach and education platform, where showcased are their podcast, blog, and projects. The second company developed was their Real Estate Investing Firm for the purpose of syndicating apartment buildings.
Throughout his years in the military Oscar has learned about leadership, discipline, grit, and the ability to problem-solve complex situations. Oscar earned a Bachelor’s Degree in Communications from Kean University and an MBA from Liberty University. He is married to his lovely wife, Arielle, and they have two amazing boys Julian and Luca. As a family, they are passionate about traveling, seeing the world, and helping others achieve financial freedom through real estate.
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