TGCI 230: The Holistic Wealth Strategy w/ Dave Wolcott

In this captivating episode, we had the privilege of interviewing Paul David Thompson, a remarkably accomplished real estate investor, and entrepreneur. Paul's track record of success in real estate speaks for itself, but what truly sets him apart is his mission to empower and guide fellow realtors through his renowned brainchild, the My Freedom Foundry Mastermind. Through this platform, Paul shares his extensive knowledge and experiences, illuminating the path to financial freedom for aspiring real estate investors and helping them scale their businesses.

Driven by a firm belief in untapped potential, Paul wholeheartedly advocates for a free and fulfilling life in today's modern world. His profound insights and unwavering commitment to empowering others make this episode a must-listen for anyone seeking to embrace their true potential and explore limitless possibilities. 

Quotes:

“You have amazing talents and skills that the marketplace will reward. Do them to fulfill the purpose that you have and solve certain problems.”

Shownotes:

• 0:34 - Welcoming Our Special Guest
• 5:17 - You have the potential to build your own economy
• 5:56 - Transitioning from a Full-Time Corporate Job as a Computer Engineer to a Real Estate Investor
• 12:25 - Investing in real estate can yield substantial wealth through capital appreciation
• 17:36 - Valuable Advice from Paul for both new and experienced investors
• 20:25 - Success provides valuable clues for you to follow

3 Key Points:

1. We should possess assets that generate income, similar to our jobs.
2. Unless you discover how to earn money while you sleep, retirement may remain elusive throughout your life.
3. Failing to take action might be the riskiest decision you make.

Get in Touch:

• Paul’s Website - https://pauldavidthompson.com/ 
• My Freedom Foundry Podcast -https://directory.libsyn.com/shows/view/id/readyinvestorone 
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ and http://thegoldcollarinvestor.com/show9 
• Pancham Gupta Email - p@thegoldcollarinvestor.com

In this episode, we interviewed Maria Brito, an experienced art advisor who has acquired over $100 million worth of art for various clients, including celebrities, Fortune 500 CEOs, hedge fund managers, and more.

Art has proven to be a more lucrative investment than traditional options like stocks and bonds. Studies show that art has outperformed the S&P 500, with an average annual return of 7% over the past decade. The art industry has experienced unprecedented sales and attracted new investors in recent years. Today, Maria will guide us through the intricacies of leveraging art in business, highlighting why artists are increasingly seen as a valuable asset class for investors at all levels.

Quotes:

"Getting acquainted with the culture, education, and the value of living with art, as well as owning a piece of culture, is a different experience. Not only does it hold great value for money, but it also offers additional benefits."

Shownotes:

• 0:45 - Introduction of Guest
• 11:11 - The Art market is incredibly dynamic, characterized by rapid movements and shifts.
• 15:03 - Three essential categories to keep an eye on when immersing yourself in the Art Industry.
• 19:01 - How can you determine the value of a piece of art?
• 25:52 - Analyzing the Movement and Trends shaping the Art Business.
• 28:20 - It is crucial to have self-confidence in your knowledge and abilities.
• 33:33 - What are effective strategies for promoting your art both online and offline?
• 43:55 - Embracing the unknown: Overcoming fears and embracing the excitement of taking a leap. Opportunities for financial gain exist everywhere, so be fearless.

3 Key Points:

1. Expansion is crucial in art. It is essential to comprehend and appreciate diverse perspectives within the artistic realm.
2. Art is subjective, yet it is crucial to consider all the elements that contribute to its essence and make it what it truly is.
3. Both art investors and stock market investors rely heavily on their intuition and instincts, placing significant trust in their decision-making process.

Get in Touch:

• Maria’s Website - https://www.mariabrito.com/
• Artnet - https://www.artnet.com/
• ARTnews - https://www.artnews.com/ 
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ and http://thegoldcollarinvestor.com/show9 
• Pancham Gupta Email - p@thegoldcollarinvestor.com

On today's show, we'll hear Andrew's inspiring story and learn how he has achieved such remarkable success in the mobile home park and self-storage investment sectors. In 2015, Andrew Keel stumbled upon mobile home parks and was immediately drawn to this asset class because of the potential for higher-than-average returns and lower-than-average risk. Today, as the CEO of Keel Team LLC, he owns and manages more than 30 mobile home parks spread across 10 states.

Andrew is constantly on the lookout for new opportunities to expand his business and invites anyone interested in selling or assigning a mobile home park to contact his team for a free value analysis. In addition to mobile home parks, he also invests in self-storage facilities, which he finds appealing due to factors such as the auction process for non-payment rather than the eviction process.

Quotes:

“Invest in yourself first and get educated.”

Shownotes:

• 0:44 - Introduction of Guest
• 7:12 - From Salesperson to Mobile Home Park Operator
• 10:30 - A Comprehensive Description of Mobile Home Parks and Their Role in Affordable Housing
• 13:15 - A Guide on Managing Same-Sized Multi-Family Buildings
• 15:30 - Highlighting the Benefits and Value of Investing in Mobile Home Parks
• 21:47 - Andrew's Breakdown of a Cash-Out Refinancing Deal
• 26:14 - Refining and Optimizing Our Deal Size Criteria for Maximum ROI

3 Key Points:

1. The value of investing into Mobile Home Parks and Self Storage
2. Occupying vacant lots not only increases income, but also significantly boosts the property value.
3. Obtaining zoning for a new mobile home park development can be challenging due to economic reasons and zoning restrictions.

Get in Touch:

• Keel Team LLC-http://andrewkeel.com 
• Passive Mobile Home Park Investing Podcast- https://www.keelteam.com/passive-mobile-home-park-investing
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ and http://thegoldcollarinvestor.com/show9 
• Pancham Gupta Email - p@thegoldcollarinvestor.com

Dave Wolcott, a former Marine captain, is a successful entrepreneur and real estate investor. As the CEO of Pantheon Investments, he helps entrepreneurs build wealth through passive investing in real estate and other high-quality assets. Dave is also an author of the newly released book entitled “The Holistic Wealth Strategy” and a podcast host who shares his expertise on real estate investment and wealth-building strategies. His investment strategy prioritizes predictable cash flow, tax efficiency, and an upside potential over the unpredictability of the stock market. 

In a world where the pace of change is rapid and the future is uncertain, Dave's vision for providing a reliable and sustainable alternative to traditional investment options is both timely and essential. Let’s listen to his story today! 

Quotes:

“You’re not gonna have all the home runs but once you get decently good at it you get to know which ones are good and which ones are bad.”

Timestamped Shownotes:

• 0:40 - Introduction of Guests
• 3:26 - Dave's journey to financial security and leaving the rat race behind
• 6:17 - Leveraging relationship capital through networking
• 9:45 - The Five-Phase Approach and Formula for Wealth Building
• 14:00 - Achieving infinite banking and identifying policies for establishing a liquidity foundation
• 23:31 - Passive Losses versus Passive Income
• 31:08 - Building a strong team to effectively execute your business plan
• 35:10 - Dave's advice for those considering investing in Main Street instead of Wall Street

3 Key Points:

1. Establishing frameworks to follow a particular set of steps and catapult your wealth trajectory.
2. You can get leverage from people, not just in investments.
3. Building wealth is a process. You have to look at it from end to end. The decisions that you are making today are going to impact you over the long run.

Get in Touch:

• Pantheon Investment-    http://PantheonInvest.com 
• The Holistic Wealth Strategy- http://pantheoninvest.com/wealth-strategy 
• The CashFlow Quadrant- https://www.richdad.com/the-cashflow-quadrant 
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ and http://thegoldcollarinvestor.com/show9 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

In today's show, Pancham interviews Sief Khafagi. He is the founder of Techvestor. Techvestor helps accredited real estate investors and professionals passively invest in an emerging asset class of short-term rentals known as Airbnbs focusing on higher-than-average cash flows and lifestyle.

Sief is an ex-techie turned real estate investor who has helped thousands of people diversify into real estate after spending five years working at Facebook, where he built the second-largest engineering organization in the world.

Know more about Sief and how he helped investors acquire the best properties available with his company's proprietary sourcing technology.

Listen and enjoy the show!

Quotes:

"We absolutely build technology, but we invested in growth. I think the biggest advantage we had is we recruited people who are passionate about the space, who are willing to take a chance without knowing what was going to happen next."

Timestamped Shownotes:

• 0:36 - Pancham introduces Sief
• 2:45 - Sief working at Facebook and how he landed on real estate investing
• 4:48 - How he started into short-term rental space
• 7:42 - Leaving Facebook and focusing on real estate
• 12:28 - They developed software focused on Airbnbs
• 17:58 - Fund structure of Airbnb syndications     
• 22:37 - Sief on managing his properties
• 28:23 - In terms of operational management
• 38:38 - His first time investing outside of Wall Street
• 40:08 - Sief's advice for people starting to invest outside Wall Street
• 41:20 - How can you connect with Sief

3 Key Points:

1. There is a power in software that can turn real estate adapt to fast-paced technology.
2. Multi-family and short-term rentals are similar in challenges of operation and scalability, it's just that multi-family is institutionalized
3. Airbnb syndications don't compete with prizes of hotels, they focus on design, scale, and economics.  

Get in Touch:

• Techvestor Website - https://techvestor.com/       
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

In today's show, Pancham interviews Brent Bowers - an investor and coach focusing on buying and selling vacant land.

Brent is an Army officer with over eight years of service, spending lots of time away from his family. He started to invest in real estate to be more present with his wife and children.

Listen as we explore more about Brent and how investing in real estate helped him to spend more time with his family, expands his business, hire a team and help other investors!

Enjoy the show! 

Quote:

"We can't just listen to all this gold of information; we must act on it as well."

Timestamped Shownotes:

• 0:35 - Pancham introduces Brent
• 2:03 - How he started his journey in land investing
• 3:51 - Brent's learning journey
• 9:05 - His first call and his first land deal
• 16:52 - How is land investing different from single or multi-family real estate?
• 23:10 - Deals Brent had since he started investing
• 25:13 - Brent hires a land specialist or realtor in evaluating lands
• 29:30 - His advice for first-time land buyers
• 35:24 - One investment that didn't go as planned
• 38:52 - Brent's advice for people starting to invest outside Wall Street
• 39:50 - How can you connect with Brent

3 Key Points:

1. After the education, take a minute to write down the action steps you would take.
2. In buying and selling land, someone's trash is another one's treasure.
3. Land is more profitable than other real estates like single or multi-family properties. 

Get in Touch:

• Brent Bowers’ Website - https://www.thelandsharks.com/ 
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

In this episode, Pancham interviews Tim Milazzo, co-founder and CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform.

Before StackSource, Tim worked for tech giants Facebook and Google to help expand online advertising.

He comes from a family with a history in real estate. Listen and let's know more about Tim on our podcast!

Listen and enjoy the show!

Quote:

"There are risks associated with trying new opportunities, but you will regret not doing it."

Timestamped Show notes:

• 0:35 - Pancham introduces Tim Milazzo to the show
• 2:08 - How he started in StackSource, and his journey before this
• 5:35 - What StackSource is all about
• 10:46 - Tim's hard decision to leave the tech giants he worked with
• 14:20 - Competitors of StackSource in tech-enabled real estate
• 20:44 - Debt funds are taking more market share than banks now
• 24:16 - Pricing for StackSource services
• 30:50 - First time Tim invested outside of Wall Street
• 31:55 - Fears he had to overcome in his first deal
• 34:32 - His advice for people starting their investing journey
• 35:59 - How can you connect with Tim

3 Key Points:

1. The market has shifted, capital is getting more expensive, and the interest rate has been rising for the last year.
2. Lenders are getting more cautious when they want less exposure to certain asset types.
3. Debt funds, defined as private lending vehicles, take more market share than banks nowadays.

Get in Touch:

• StackSource Website - https://www.wealthwithoutwallstreet.com/ 
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

For today's episode, Pancham interviews Wesley Yates, a commercial real estate syndicator who specializes in multifamily, hospitality, self-storage, mobile home, and RV park assets.

He started his real estate journey in 2019 and had a wide range of experience, from commercial real estate to the financial services industry.

Before his real estate career, Wesley served as an active-duty Marine for nine years and trained over 2,000 individuals for leadership and development roles and recognized by Congressman Ralph Hall for his outstanding character and service to his community.

Know more about Wesley and his goal to reach $1 billion worth of assets and provide opportunities for growth to others.

Listen and enjoy the show!

Quote:

"I'm always looking to better who I'm partnering with and always looking to better myself along the way. That's really how I scaled up so quickly. It's, I didn't argue or fight over the most equity of every deal. I would rather have a little bit of a lot than a lot of a little. That's really what it was."

Timestamped Shownotes:

• 0:36 - Pancham introduces Wesley Yates
• 1:52 - How Wesley started in the Marine Corps before getting into real estate
• 7:03 - Starting on his syndication journey
• 11:01 - Wesley built teams to raise capital for his investments
• 18:18 - Finding his better partner in self-storage investment
• 22:45 - Why did he switch from multifamily to self-storage investing
• 30:28 - Wesley's first time investing outside of Wall Street
• 32:11 - One of his investments didn't go as expected
• 36:48 - His advice for people starting their investing journey
• 37:41 - How can you connect with Wesley

3 Key Points:

1. Multifamily syndication is oversaturated.
2. Self-storage investment is easier to manage because you don't have a living tenant.
3. One of the most underdeveloped aspects of every team is leadership.

Get in Touch:

• Military & Patriots Investment Group - linkedin.com/in/wesley-d-yates-98aa5196     
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

In this episode, Pancham interviews Iven Vian, co-founder and Chief Operating Officer of Anthem Capital. 

Having retired as a lieutenant colonel from the Air Force after 20 years, he is passionate about operational excellence in the execution of his apartment communities and their impact on their surrounding communities.

Learn more about Iven, and his mission is to grow Anthem Apartments to 300 communities and donate USD2.5 million in profits to charity by 2030!

Listen and enjoy the show!

Quote:

"To establish a good relationship with the property manager in the beginning, get to know them and understand them."

Timestamped Shownotes:

• 0:35 - Pancham introduces Iven Vian
• 1:47 - Iven's background on what he do before becoming an asset manager
• 5:50 - How he learned about real estate investing
• 10:25 - Anthem Capital has acquired 3,000 doors and purchased 19 properties
• 13:49 - Asset management in terms of renovation and occupancy
• 21:02  - How does Iven manage tenants' concerns and issues
• 29:42 - Building a relationship between ownership and property management
• 33:46 - Iven's first time investing outside of Wall Street
• 34:07 - Fears he has to overcome
• 40:17 - How can you connect with Iven
  

3 Key Points:

1. There's a way to create long-term generational wealth while serving and working.
2. Multi-family real estate is a powerful investment vehicle with many benefits more than single-family homes.
3. Vacancy loss is managed by understanding all the processes of asset management operations. 

Get in Touch:

• Anthem Capital Website - https://anthemcp.com/     
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com 

In today's show, Pancham interviews Brendan Chisholm - principal of BKC Holding, a private equity real estate firm focused on acquiring distressed and value-add multifamily and mixed-use communities. 

Brendan holds a degree in Marketing from the Martin J. Whitman School of Management at Syracuse University. He is also a proud father, husband, and investor.

Know more about Brendan and how he plans to shift from being an employee to different companies to focus on multifamily investing and being the lead sponsor for three syndications totaling 169 units!

Listen and enjoy the show!

Quote:

"I just started reading books, listening to the podcast, and giving myself an education on what I needed to do and get into multifamily investing."

Timestamped Shownotes:

• 0:35 - Pancham introduces Brendan
• 1:49 - Brendan on how he started being in real estate
• 4:43 - Preparation to get the first property and contract
• 6:28 - Brendan's investing goal before finally quitting his job
• 8:31 - Fears he had to overcome in planning to quit his full-time job
• 9:55 - In finding the deals
• 21:20 - Brendan's first time investing outside of Wall Street
• 22:53 - Fears he has to overcome
• 24:47 - Advice for people starting their investing journey
• 25:34 - How can you connect with Brendan

3 Key Points:

1. Heavy value and distressed deals don't cash flow right away.
2. Honor timelines and have good discussions with people about the deal.
3. Multifamily investing is a great way to manage and see the fruits of your labor. 

Get in Touch:

• BKC Holding Website - https://www.bkcholding.com/    
• Brendan Chisholm Website - https://brendanchisholm.com/   
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ 
• Pancham Gupta Email - p@thegoldcollarinvestor.com