Insider secrets - Home of the Passive Real Estate investor

Key Takeaways

Life comes down to becoming and being persistent.

Focus gave me the clarity to continue to scale the portfolio.

You really need to focus on what you as an investor wants, ultimately what your goals are.

You can always buy real estate. You can always buy it in any part of the market cycle. You can't always sell real estate.

Market cycles have changed dramatically. The decade of from 2010 to 2020, there was no recession.

Understand where your market is and what part of the cycle and recession is trying to buy as much as you can.

Timeline

[01:09] Intro to episode guest

[02:56] One word that describes Gino personally and professionally.

[05:11] Gino talks about his background.

[11:21] What are your top three market choices for the coming year?

[16:47] Where do you think we are in the current market cycle?

[28:08] Gino shares three tips for closing a real estate deal in today's world.

Contact

Email: jakeandgino.com

Key Takeaways

Industrial is the backbone of our country, really of the world. Everything is made in an industrial building.

Companies are coming back. It's called onshoring or reshoring where what they used to do overseas; they now need to do locally.

Real estate is a leveraged business for the most part.

You've got to have your back office. In my case, I've got two guys in my back accounting office that have been with me for 20 years.

Timeline

[02:24] Intro to episode guest

[03:41] One word that describes Joel personally and professionally.

[06:220] Provide a brief overview of your background, detailing your journey over the years, from your initial steps to your current role at Brit Properties.

[15:50] Do you just own your buildings and take care of all the maintenance and issues or are your tenants triple net tenants?

[20:04] So we have said that real estate's a leveraged business. Isn't your IRR or your return to your investors higher with debt on the property than it is when you're all cash?

[30:35] Let's discuss the real estate market briefly. Given that 2023 hasn't been an ideal year for real estate purchases, what has been your experience, and what are your insights on where the markets are headed in the next 12 to 24 months?

Contact

Email: joel@britproperties.com

Key Takeaways

Real estate investment is not one size fits all; it's essential to find a model that aligns with your values and business approach.

Operating virtually in real estate is not only feasible but can be advantageous, leveraging technology and avoiding physical constraints.

Mezzanine debt provides equity-like returns with a safer position, offering a bridge for deals facing challenges like rising interest rates.

Prudent preparation involves considering multiple scenarios, both optimistic and pessimistic, to navigate uncertainties in the market.

Lesson number one, diversify. Lesson number two, diversify in time.

Diversify among many dimensions of diversification. Where you invest, location, who do you invest with, what kind of strategy.

Timeline

[03:26] Intro to episode guest

[05:16] One word that describes Mike personally and professionally.

[07:10] Let's talk a little bit about your background, and what you've done and how you got into the investment field and what that looks like for you today?

[13:05] Do you really like sponsors that are more vertically integrated or not?

[18:00] How's your team set up? How's your structure? How does your group operate?

[22:21] Is your team solely focused on raising capital, and what types of investors do you attract—individuals, family offices, or institutional funds?

[26:48] What's your market outlook for the next 12-24 months amid current uncertainties?

Contact

Email: bigmikefund.com

Key Takeaways

Real estate success is not just about profits; it's about achieving time and financial freedom to lead a more purposeful and playful life.

You have to be able to balance success with your personal life or it's just pointless.

It's hard in the moment when there's uncertainty, but once the problem resolves itself, it'll either work out or it won't.

Our ability to affect the future of the deal is enhanced with us being able to be in there and protect the capital that we've put in there.

I'm a human. I'm going to make mistakes, but I can actually go back and change history to set us up in a better place moving forward.

Vetting involves SEC checks, criminal background checks, Zoom meetings, and local members physically inspecting properties; transparency is key for trust.

Timeline

[01:28] Intro to episode guest

[02:52] One word that describes Emma personally and professionally.

[04:07] Why don’t you let us all know about Emma, your background and how you got into multifamily?

[07:29] Emma talks about her company High Rise Capital and what they do.

[10:47] What specific breakthrough or turning point occurred in your coaching relationship that significantly impacted your perspective and performance?

[17:38] Do you have a particular market you like or a particular asset class?

[23:15] As a potential passive investor, what information do you seek and how do you vet operators before investing in your fund?

Contact 

Email: highrise.group/contact

Key Takeaways

Investors can discern sincerity, and authenticity is a key factor for long-term partnerships.

When rates rise, it can be a good time to buy, and when they fall, it's favorable for selling as property values increase.

Renovating properties with high vacancy rates, despite potential bank reluctance, offers a chance to improve and raise market rents.

I love the journey more than I love the actual outcome of it. it's just that relentless passion.

The relentless pursuit should be fueled by passion, not just for the outcomes but for the entire process, ensuring sustained motivation and satisfaction.

Timeline

[01:40] Intro to episode guest

[02:56] One word that describes Duane personally and professionally.

[05:50] Talk about your background a little bit and how’d you get into this?

[11:26] Duane talks about the business side of multifamily.

[15:02] So what does it cost per unit to put a water conservation package in typically?

[17:10] I know you are working on a deal right now, why don’t we talk about that a little bit?

[21:35] What do you say to the new investor and how do you get them in your wheelhouse?

Contact 

Email: winkelcapital.com

Key Takeaways

Confidence is not just about being assertive; it's about the willingness to learn and be coached.

Life is a journey with its ups and downs; winning the small battles leads to winning the war.

Consistency in facing ups and downs allows for success through the big challenges.

The language of business is accounting; understanding that language enhances your chances of success.

Real estate investing has the potential to never be taxed if leveraged with write-offs, expenses, and depreciation.

Don't let the tax tail wag the dog; sometimes, there are valid reasons to exit a property despite tax implications.

Timeline

[02:05] Intro to episode guest

[02:50] One word that describes Brady personally and professionally.

[06:46] Can you share a brief overview of your background, current role, and your company?

[10:10] What are the tax planning strategies for limited partners, and how do they benefit as investors?

[16:36] Brady, discuss business entity structuring and mapping as Mike mentioned. How should people structure their entities?

[20:54] Discuss cost segregation, its mechanics, and how it relates to leveraging depreciation in your investments.

[31:13] Explain what a K1 is and how it's utilized for new investors or passive investors exploring deals.

Contact 

Email: brady@highcountryfinance.com

Instagram: @TheBradySlack

Key Takeaways

Understanding the market's cyclic nature is crucial, with an anticipation of improvement over the next 12-18 months.

Have solutions ready for all aspects of a deal. Learn from 2008: be prepared for market turns.

Specializing in one thing becomes crucial as you recognize the depth of your knowledge.

True expertise arises from hands-on experience, embracing challenges, and actively practicing in your field.

If you're taking on a deal, be the source for the completed project. It's about having the solution to all the problems or having access to them.

Syndication is just a fancy word for a partnership. Limited partners provide capital, and general partners create, vet, underwrite, manage, and decide when to sell.

Despite political divides and global uncertainties, with pent-up demand and a shortage of supply, there's significant money on the sidelines.

The market hasn't cooled off as expected. Interest rates haven't slowed much. Wages are rising, and the economy remains strong.

Timeline

[01:50] Intro to episode guest

[02:41] One word that describes Shannon personally and professionally.

[04:16] Can you tap into something that was a bump in the road for you that you learned a valuable lesson from?

[11:17] What is syndication, particularly for new listeners, in a concise way?

[15:09] What's your outlook on the market in the next 12 to 18 months, considering the recurring cycle?

[23:25] Are you currently involved in multifamily projects, or are you focused on light manufacturing and industrial deals?

[26:07] Are you building multifamily or single-family properties?

Contact 

Website: shannonrobnett.com

Key Takeaways

Discovering our true nature and purpose is a lifelong journey. There are various characteristics and traits that define us, and these qualities evolve over time.

A transformation in one's faith can lead to a fundamental shift in values and perspective on life.

Instead of treating spirituality as a resource to turn to only in times of trouble, it can be a consistent and integral part of one's business endeavors.

Effective communication and genuine interest in what matters to others can lead to stronger connections and partnerships.

Success should be redefined on an individual basis, rather than trying to emulate others. It's essential to discover one's unique definition of success.

Timeline

[00:40] Intro to Podcast

[02:32] Intro to episode guest

[03:56] One word that describes Tim personally and professionally.

[06:16] Do you think that each of us have some word or quality that other people associate you with?

[18:12] Tim shares his background and how he got to where he is today.

[27:10] Are you in the multifamily business or how’d you get into multifamily business?

Contact 

Website: seekgocreate.com

Socials: Seek Go Create

Key Takeaways

New multifamily investors should focus on setting clear goals, making decisions, and taking the first step to get started in the business.

It's crucial to focus on the numbers and find deals that make financial sense.

If you find a good deal in multifamily, you can probably show a 15 percent ultimate return on a deal.

Building relationships and networking with industry professionals can lead to mutually beneficial opportunities.

Multifamily remains a resilient and attractive asset class in the real estate industry.

Strong cash flow is a key factor in surviving economic challenges in real estate.

Timeline

[00:50] Intro to Podcast

[02:04] Intro to episode guest

[02:47] One word that describes Rod personally and professionally.

[04:23] Rod shares his background.

[09:00] How do you inspire and retain community members, encouraging them not to quit?

[13:40] What are the three essential fundamentals for success for new multifamily investors entering the business today?

[23:44] What’s your future plan? What’s your future goal?

[27:02] Where do you see rent growth going?

[30:18] What do you think is the best debt out there to find today?

Contact 

Website: https://linktr.ee/rodkhleif

LinkedIn: https://www.linkedin.com/in/rodkhleif

Key Takeaways

Real estate touches the lives of many people, making it essential to consider the human side of the business.

We've successfully turned properties with crime issues into safe and welcoming communities.

Providing quality housing that tenants love and find sticky can significantly reduce vacancy, a major cost in multifamily real estate.

Focusing on emerging markets with job growth is essential for successful real estate investments.

Consider markets with minor league sports teams as they indicate a growing economy and potential investment opportunities.

Single-family rentals can offer excellent cash flow and tenant stability, but the stress involved can be challenging.

Timeline

[00:38] Intro to Podcast

[02:10] Intro to episode guest

[03:16] One word that describes Matt personally and professionally.

[04:45] Matt shares his background.

[06:10] Have you always been in multifamily, or did you start out on the residential side?

[11:05] What are some of the fundamentals that you look at before you look at the deal in that market?

[16:43] So when you say residential, is it all apartments or are you in the single-family space also?

[28:12] We could talk about building relationships all day long, but how do we build those right ones? Who are the people that we need to build those relationships with?

Contact 

Socials: @MattFaircloth

Website: derosagroup.com

Key Takeaways

Being committed to your real estate goals is vital, but without taking consistent action, your commitment won't yield the desired results.

When considering investments, prioritize markets with proven track records, such as Dallas and Houston, as they continue to shine in the multifamily sector.

In syndication deals, ensure that all partners have the financial backing necessary to weather challenges and keep your deals funded.

Be cautious when opting for fixed-rate loans with steep prepayment penalties. Always consider potential exit costs in your financing decisions.

Success in real estate often comes down to focus and passion. Specialize and stay committed to your chosen niche for long-term success.

Believing in the opportunity and being confident in your message can significantly impact your success.

Timeline

[00:40] Intro to Podcast

[02:46] Intro to episode guest

[05:54] One word that describes Brad personally and professionally.

[07:44] Brad shares why he doesn’t deviate from what he is doing.

[08:52] Brad, what specific factors do you consider when conducting property underwriting beyond the usual metrics like rent growth and exit cap rates?

[16:54] Are you still underwriting deals and looking at deals?

[19:20] What strategies do you currently teach students for raising private capital in today's market, and how do you adapt to the challenges posed by the current market conditions?

Contact 

Email: support@bradsumrok.com

Website: bradsumrok.com

Key Takeaways

Engaging with individuals from booking agencies facilitates networking and relationship-building opportunities.

Create passive revenue by leveraging borrowed funds for real estate acquisitions.

Seize control of your financial needs through self-banking, bridging borrowing and saving.

Harness loans from insurance policies for enhanced financial flexibility and investment prospects.

Utilize insurance contracts to borrow against and invest in real estate, maximizing returns.

Realize tax benefits through cost segregation and depreciation strategies in real estate.

Timeline

[00:41] Intro to Podcast

[02:30] Intro to episode guest

[04:36] One word that describes Jim personally and professionally.

[09:11] Jim shares his history and how he got to what he is doing today.

[21:50] What is the difference between me putting money in this versus me putting money in my self-directed IRA so that I can still go and put money in an asset? 

[23:52] If I deposit $100,000 for a whole life policy and this program today, how soon can I access the funds?

[26:10] What is the cash drag in the first year?

Contact 

Email: jimoliver@createtailwind.com

Website: createtailwind.com

Key Takeaways

Real estate investing offers opportunities for generating short-term cash flow and long-term wealth.

Building trust is crucial in real estate deals, and it takes time to build but can be lost in an instant.

Cash-flowing properties, particularly stabilized ones, are a strong foundation for building wealth.

The self-storage and medical office space can be resilient investments with consumer-facing tenants.

Office space in central business districts might face challenges, but suburban office spaces can perform well.

Timeline

[00:39] Intro to Podcast

[03:10] Intro to episode guest

[04:12] One word that describes Stewart personally and professionally.

[05:28] Stewart talks about his background and how he got to where he is at today.

[07:45] Let’s talk a little bit about your strategy around building wealth.

[10:43] Stewart explains the office space and its six sub-categories.

[14:51] Do you invest in self-storage properties in the Huntsville market since it's an area with great potential and you've already owned units there?

[19:28] How’s capital raising efforts today?

[21:08] Stewart talks about where their passive investor come from.

Contact 

Email: stewart.heath@harvardgrace.com

Website: harvardgracecapital.com & harvardgrace.com

Key Takeaways

Overcome obstacles with determination and a growth mindset.

Real estate offers diverse income streams for wealth creation.

Utilize other people's money to invest in real estate with limited personal capital.

Investors exercise caution while seeking higher returns in the current market climate.

Explore alternative investments like express car washes for income potential and risk diversification.

Invest based on operator expertise, market analysis, and risk mitigation, rather than being influenced by market sentiments or doomsday predictions.

Timeline

[00:40] Intro to Podcast

[02:37]] Intro to episode guest

[03:23] One word that describes Whitney personally and professionally.

[04:36] Could you let people know who you are, what you do?

[11:00] Let’s talk about people who want to get into the real estate space as a passive investor.

[13:40] Not all investors want to be in multifamily or want to be in self-storage and car washes could be an alternative for them. What type of a return is the investor looking for today?

[17:10] What is the current investor sentiment regarding yield expectations and the likelihood of achieving a 20% return in today's market given the prevailing interest rates?

[24:00] How has the technology of dryers in express car washes improved compared to the past, and how does this improvement make it more appealing to use an express car wash instead of a hand car wash?

[28:27] How about self-storage? How much self-storage are you doing? And what markets do you like for self-storage today?

Contact 

Website: passiveinvestingwithwhitney.com

Key Takeaways

Alternative investments exclude collectibles like art and cars, as well as assets that involve personal use or benefit.

Self-directed IRAs allow individuals to invest in various assets, such as rental properties, without directly benefiting from them or performing any related work.

Short-term rentals, including Airbnb, can be included in an IRA investment, but the tax implications can be complex depending on whether the income is considered passive or active.

Different types of IRAs include traditional, Roth, SEP, simple, solo 401k, and health savings accounts (HSA).

Tax considerations such as UBIT and UDFI may apply to IRA investments and could result in taxes owed, but deductions can help offset the tax liability.

It's important to have a cushion in your self-directed IRA to cover expenses and potential capital calls.

Self-directed IRA providers like uDirectIRA make the investment process easy with dedicated transaction coordinators.

Timeline

[00:42] Intro to Podcast

[02:20] Intro to episode guest

[03:33] One word that describes Kaaren personally and professionally.

[04:02] So let’s talk about your history and how you started uDirect and what you guys do.

[07:34] Kaaren explains what a self-directed IRA is and how people can use it.

[11:16] Let’s talk about the different types of IRAs.

[19:55] What's your experience as a crypto administrator regarding people's investments and ATM machines?

[22:17] How about depreciation? Can you talk about that a little bit? Are you allowed in your self-directed to take a depreciation?

[26:15] Any other new guidelines or rules that are exciting for people that have happened or are going to happen that you know of?

[30:30] What alternative investment options are available for my self-directed IRA when I don't have enough funds for contributions or rollovers, and how can I maximize returns in such situations?

Contact 

Phone: (866) 538-3539

Email: info@udirectira.com

Key Takeaways

Persistence is key in real estate; success takes time and requires continuous learning, networking, and skill development.

Focus on investing in your local market but be open to opportunities outside if scaling is necessary.

Accessory Dwelling Units (ADUs) have opened up new opportunities for real estate investors in San Diego and other coastal markets.

Talimar Income Fund offers a better strategy for investors by pooling their capital into a diversified portfolio of loans.

Approximately 60% of the investors are retired, and there is a small percentage (7%) of investors with a net worth of $10 million or greater.

The typical investors in our fund are often from the banking or real estate industry.

Having a clear exit strategy and alternative plans is essential for maximizing the performance of real estate assets.

Timeline

[00:39] Intro to Podcast

[02:18] Intro to episode guest

[03:32] One word that describes Brock personally and professionally.

[08:45] Let’s talk about your background a little bit.

[12:51] If banks aren’t lending, where does your capital come from?

[16:04] Brock explains how they educate their investors and why it’s more beneficial as compared to other investments.

[19:22] Brock discusses the difficulties of finding houses in the San Diego market.

[21:27] Let’s talk about your Talimar Income Fund One.

[26:14] What do you tell people today to get them over all the doomsday experts out there that are saying what they are saying?

[32:11] Talk about a couple of the techniques that you use through your company to attract investors and start those conversations with investors.

Contact 

Email: bvandenberg@talimarfinancial.com

Key Takeaways

Consistency and showing up every day are crucial for success in any endeavor.

Delegating tasks can make your life easier, but it's important to trust and verify the capabilities of the people you delegate to.

Understanding one's own strengths and weaknesses, as well as those of team members, helps in creating a well-rounded team.

The net lease business offers a more stable and consistent monthly cash flow compared to other real estate ventures.

When acquiring properties like CVS or Dollar General, the investor does not absorb an existing tenant or investor base.

The development side of real estate offers significant growth potential and requires focused attention.

Helping others achieve their goals ultimately leads to achieving one's own goals.

Timeline

[00:41] Intro to Podcast

[02:37] Intro to episode guest

[04:10] One word that describes Agostino personally and professionally.

[14:20] Are you buying triple-net deals?

[16:15] What is VCA? So that people understand.

[11:43] Agostino talks about keeping his focus while working on multiple projects.

[20:47] Let's talk about your capital-raising efforts and raising private capital.

[24:20] How do you attract LP investors for capital raising and deal sharing?

[26:26] Talk about where you're meeting people and how you're building your database.

[34:54] Best book you’ve ever read?

Contact 

Website: bulletproofcashflow.com

Key Takeaways

1031 exchanges can help preserve profits and accelerate wealth building.

Honesty and clear communication are essential in business and personal relationships.

Real estate can be a powerful investment tool, allowing for property growth and financial leverage.

As a bank-owned qualified intermediary, Northern 1031 Exchange provides a sense of security and safety.

1031 exchanges defer taxes but do not eliminate them, with the ultimate goal being a stepped-up basis for heirs upon inheritance.

Diversifying investments in different types of real estate can be more beneficial than cashing out and paying taxes.

Primary residences and personal property are excluded from 1031 exchanges but may qualify for tax exemptions.

The IRS recaptures depreciation taken at 25%, making a 1031 exchange a more favorable option to defer taxes.

Timeline

[00:45] Intro to Podcast

[03:00] Intro to episode guest

[04:17] One word that describes Michelle personally and professionally.

[05:30] How about a little background on yourself?

[08:12] You got your real estate license to do your own transactions. Did you sell any real estate?

[11:43] Michelle explains the terminology of a qualified intermediary.

[23:32] Do we know how much money goes through this process? How big is the Exchange industry?

[26:38] You used the word 1031 Exchange, is that the only type of exchange out there or is exchange used for in any other terminology?

[30:00] Can someone 1031 exchange into syndication?

[36:14] Best book you’ve ever read?

Contact 

Email: mfitzpatrick@nbtc.com

Phone: 7815691852

Key Takeaways

I need to focus on building my sales pipeline and getting more leads to underwrite more deals.

I recognize the value of networking and am intentionally focused on it this year.

Growing up in a humble background and facing challenges can instill an ambitious and persevering mindset.

Achieving success often requires working harder than those who already have advantages.

Building a solid foundation is key for gradual growth and success, rather than taking big risks for quick gains.

Retail and office properties may offer good investment opportunities, especially if there is a value-add component.

Being patient and avoiding overvalued assets can be a wise move, even if it means not meeting aggressive goals.

When approaching brokers, it's important to have a clear seller avatar in mind.

Focusing on older owners who have owned a property for at least 5 years and have taken care of the exterior but not the interior can lead to good opportunities.

 Timeline

[00:40] Intro to Podcast

[01:53] Intro to episode guest

[03:53] One word that describes Siraj personally and professionally.

[04:47] What is something you are working in your life that you are laser focused on?

[16:02] How are you structuring your time having a full time W2?

[18:30] Siraj talks about where he gets his deal flow from.

[25:40] Do you just want to stay in Chicago or are you looking to be in other markets?

[28:26] There is not a big appreciation plate. Are you seeing that starting to change or is it the same?

[31:26] What’s the best book you ever read?

[31:46] Best restaurant?

Contact 

Email: sahmed1009@gmail.com

Instagram: Siraj88

Key Takeaways

• What makes you tenacious is you have to have something deep within you that you're always looking ahead and knowing why you're getting up.
• A victim balls up in a fetal position, points fingers at everybody, and it takes all your strength away.
• I think when someone goes to prison, the whole family goes to prison and everybody has to deal with it on their own terms and they have to lean on each other to deal with that.
• I was just so incredibly lucky at 15 years old to understand that this 13-year-old girl at that time was going to be such an incredible mother, wife to go through because we were living a very good life.
• Anything that you're going to go do in life that's out of your comfort zone, you're going to have to walk through your fears.
• The only thing that walks you through your scary points or your nervous, or your fear, your nightmare, is having a passion.
• Keep being yourself regardless of the circumstances, otherwise you'll lose what makes you, you.
• I always say to people when I'm talking to other people is that nothing is as bad as your mind makes it out to be. Not even prison.

Timeline

[00:45] Intro to Podcast

[03:08] Intro to episode guest

[04:28] One word that describes Brent personally and professionally.

[06:44] Talk about your background a little bit.

[27:22] What was the exact charges or allegations against you that caused you go to go to prison?

[38:19] Brent talks about his Redemption piece.

[41:32] Did you write your book in prison or out?

[52:02] How many books you read while you were in prison?

[53:03] Best book you read?

Contact 

Website: brentcassity.com

Book: Nightmare Success