John Carney On Exploring Your Options With Deferred Sales Trust
"Having been surrounded by people that were like-minded, and had all the skills that you didn't, you know, just showed me that really quickly, you can start a business in a foreign country and be successful."
John Carney is a multifamily expert, a commercial real estate expert. He grew up in the family, his father was in the business and he had a chance to absorb it all. And he's going to share some knowledge now as he has joined the family business. He also is a fellow LeBron James fan as I am, and from Cleveland, Ohio, or happened to have a bunch of families too in Akron, Ohio. Anyone who knows Swarts with a Z is my mom's maiden name. And I hope to meet you soon. If you're listening to this in Ohio. I think I have three to 500 relatives. All that being said enough about me, our guests, John Carney you can find him at johncarneyonline.com, he also hosts a really cool podcast called the Real Estate Locker Room. And it's a nice kind of twist and or combination of sports in real estate, and how working as a team and really focusing on excellence can help you grow your real estate wealth.
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Brett:
Our next guest is a multifamily expert, a commercial real estate expert. He grew up in the family, his father was in the business and he had a chance to absorb it all. And he's going to share some knowledge now as he has joined the family business. He also is a fellow LeBron James fan as I am, and from Cleveland, Ohio, or happened to have a bunch of families too in Akron, Ohio. Anyone who knows Swarts with a Z is my mom's maiden name. And I hope to meet you soon. If you're listening to this in Ohio. I think I have three to 500 relatives. All that being said enough about me, our guests, John Carney you can find him at johncarneyonline.com, he also hosts a really cool podcast called the Real Estate Locker Room. And it's a nice kind of twist and or combination of sports in real estate, and how working as a team and really focusing on excellence can help you grow your real estate wealth. So with that being said, John, welcome to the show.
John:
Hey, thanks for having me, Brett. I am fired up and this is an important topic that we're gonna dive into today.
Brett:
Absolutely. So John, would you give our listeners a little bit about your background in your current focus.
John:
Yeah. I mean, I suppose I represent the third generation in a family real estate business. And, you know, the cut and dry are when you look at historical figures, this is where it all falls apart. Right? It just does. But, you know, I was very fortunate enough to grow up around the real estate business, I come from a family of lawyers when I did not go down that track more of the entrepreneur, I would say that the one business that I started real estate focus that stuck, I was out on my own, I moved to Australia in 2009. To support the lady who is now my wife, Leah, she could not stay in the United States with me. At that time, because she had her mom was unwell. I moved to Melbourne that was you know, right in the middle of our financial hardship, the real estate market had crashed. I had been doing some deals on my own small deals when I was living out west. And, you know, I wanted to be a developer and get into the family business and an investor and I started a business in Australia called America property source. And that enabled Australian investors, you know, to we say safely, you know, invest in, in US real estate in a single-family home and small multifamily space in Phoenix, we were able to accomplish that, you know, is it by having a great team on the ground and knowing the process of how to get from I'd like to invest in, in the United States from abroad, you know, in into, you know, doing it the correct way. And that just, you know, having been surrounded by people that were like-minded, and had all the skills that you didn't, you know, just showed me that really quickly, you can start a business in a foreign country and be successful. And, you know, that that sort of was one part of my journey in doing real estate development deals over there with some folks. And when I say I'm, you're on an island, you know, Australia is technically an island and I, you know, built my network, you know, by going out and meeting people and in my business by hustling, and then was asked to come back to Cleveland. So that I could work on some projects with the landmark companies, which is a, which is a downtown Cleveland and Indianapolis real estate developer. meant business, they started out with converting old warehouse buildings and factories into loft apartments in the 90s, I was super fortunate enough to work on those projects in college as a demo, cleanup labor union guy. And then even after college, I got to see development come to fruition. So I mean, I did have some knowledge and background before I left Ohio, and now I'm back in working with the team and we've got, you know, a new project that we hope to get out of the ground in the next 12 months. So a lot is going on.
Brett:
Yeah, thank you for sharing that, say what a journey you've been on, you know, overseas, and back and family and back and, and real estate, all kind of surrounding that. So I can relate, you know, I grew up with my dad in the Bay Area, developing single-family homes and doing room additions and, and owning real estate, his own real estate, and I was the one you know, moving the bricks or hammering the nails, or you know, doing whatever it takes it to help bring the project to completion. And so I understand how, what it means to be in real estate with family. So that being said, I'm curious, before we dive into some of the strategies you use to build that wealth and help your, you know, partners and such. Who was John growing up, and I really want you to, you know, maybe identify that one strength that you were given, I think we're all given certain, you know, God-given gifts, and their strengths or certain gifts were given was that one gift you were given? JOHN? And how does that help? How do you help people today?
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