The Lo-Down
The Lo-Down brings you conversations with extraordinary individuals from all walks of life who are relentlessly pursuing success. Hosted by Lorenzo Mercado, a registered nurse turned real estate investor, this podcast dives into the stories behind the grind and uncovering the mindset and strategies that drive growth. From entrepreneurs and season investors to business owners and visionaries, every guest shares a unique perspective on what it takes to achieve success. Whether you're building a business, chasing a dream, or striving for personal growth, The Lo-down is your source for inspiration, actionable insights, and the motivation to level up.
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The Lo-Down
ADU Investing & The $500k Lesson | Chris Luna E19
In this episode of the Lo-Down, Lorenzo Mercado interviews Chris Luna, a multifamily developer and founder of the Backyard Billionaires community. Chris shares his journey from running a cell phone repair business to becoming a successful real estate investor. He discusses the importance of cash flow versus equity, the differences between multifamily and single-family investments, and his strategies for financing ADUs. Chris emphasizes the significance of delegation, building a team, and raising capital through trust and transparency. In this conversation, Chris shares his journey through significant setbacks in real estate, emphasizing the importance of learning from failures. He discusses the power of mindset and resilience, revealing how early morning routines and personal experiences shape his approach to challenges. The discussion also highlights the value of building connections through social media and networking events, as well as insights gained from interviewing influential figures in the industry. Chris reflects on the role of faith in his success and outlines his future aspirations in real estate development. Enjoy the show!
📌 Topics Covered:
✅ How to raise money for your first deal 💵
✅ The power of networking & mentorship 🤝
✅ Finding and structuring multifamily deals 🏢
✅ Mindset shifts for financial freedom 🚀
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Chris Luna
📷 instagram.com/chrisj.luna
📺 youtube.com/@chrisjluna
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Lorenzo Mercado
📷 instagram.com/lorenzo.mercado_
Chapters
00:00 Introduction to Chris Luna and His Journey
01:07 From Cell Phones to Real Estate: The First Deal
04:11 Understanding Cash Flow vs. Equity in Real Estate
08:14 The Differences Between Multifamily and Single Family Investments
10:06 Defining the Buy Box for Real Estate Investments
12:08 Navigating Permits and Construction Timelines
14:14 Strategies for Financing ADUs and Scaling Up
16:34 Overcoming Challenges in Scaling Real Estate Ventures
18:40 The Importance of Delegation and Team Building
20:50 Raising Capital: Building Trust and Transparency
23:24 Learning from Setbacks
27:40 The Power of Mindset
31:06 Building Connections through Social Media
35:39 Insights from Influencers
37:34 The Role of Faith in Success
41:12 Future Aspirations and Growth