Passive Income through Multifamily Real Estate

Neal Bawa, otherwise known as the Mad Scientist of Multifamily, joins us today for a discussion about how he has used his data science background to make a memorable mark on the real estate industry. Neal's insatiable curiosity, his persistence, and his drive to disrupt have led to him being in charge of a $1 billion multifamily portfolio with 700 team members, not to mention that he is one of the most in-demand speakers in the commercial real estate space! During this episode, Neal explains what Super Value Add projects are, what drove him to start doing them, and why he would recommend them over ground-up construction projects. We also delve into the structures that Neal has put in place which allow him to do 30 projects a year and work only 35 hours a week, why he prioritizes his mental and physical health, and the plans that he has to give back to society in a very meaningful way. Key Points From This Episode:How an applied statistics course changed Neal's life.Where Neal's real estate journey began.An overview of what Neal's journey in the real estate space has looked like to date.The three major real estate categories that Neal focuses on.Why Neal feels an affinity towards physicist, Richard P. Feynman. Neal explains why he is less bullish about Multifamily Value Add projects than he was 5 years ago.Challenges that Neal ran into when he decided to combine Multifamily Value Add with construction.The brand new equity tranche that Neal invented.Why building trust is a key to the success of a Super Value Add project. 27 days; the length of time it took Neal to fill his Park Canyon apartment block.Neal's upcoming Super Value Add project. The optimal property price for a Super Value Add project.Why Neal would recommend doing a Super Value Add over a ground-up construction project.The responsibility that you have to look after your physical and mental health when you are managing other people's money.What Neal sees as the ideal number of weekly working hours.Neal's 2 to 3 year plans to give back to the world in a meaningful way. Links Mentioned in Today's Episode:Neal Bawa on LinkedInGrocapitus InvestmentsUgro CapitalMultifamily UniversityNeighborhoodScoutSurely You're Joking, Mr. Feynman!StretchLabPeter Pomeroy Email AddressPeter Pomeroy on LinkedInVertical Street VenturesPassive Income Through Multifamily Real Estate Facebook Group

Welcome to another episode of Passive Income Through Multifamily Real Estate. Joining us in conversation today is Tom Laune, founder of Bulletproof Wealth. Tom kicks off our conversation by giving us an overview of how banks make money and why that is important, before he gives us a definition for another way to process your money: infinite banking, which originated in Austria. He tells the story of losing his high-frequency hearing while working in the music industry, which sparked his realization that it's so important to protect your livelihood. It was also through this experience that he learned the importance of moving forward one step at a time. Tom's message comes down to the fact that you have to trust the person you are investing with, and he points us in the direction of a free resource he provides on his website, videos to guide your decision-making and help you to self-educate. In closing, he reminds listeners that changing the way you manage your finances is a process, and it's not about the rate of return. We hope you join us to hear him pass along these lessons from his life and business today. Key Points From This Episode:An introduction to today's guest, Tom Laune.Tom's overview of how banks make money and why that is important.The crux of what he does: helping people to understand how banks make money and teaching them to do it themselves.Why everything he does is customized to individual customers.What infinite banking is: a process of controlling your personal banking in your own life.Term insurance and building equity which becomes yours.  How a whole life policy protects you against fluctuating values.The main difference between banks and insurance companies.Why Variable Universal Life is a highly volatile product in comparison to Whole Life.Eligibility and funding requirements to qualify for Whole LifeHow the longer you fund it, the more it compounds.How insurance works to replace your income.The age-limited basis that Whole Life operates according to.How Tom is taking people's real estate return of 12% and taking it to 200%.The long-term strategy leading up to your cash value increase to exceed what you put in.Why you get more life insurance while your cash value is going up.Why he invests in people rather than investments.Why he believes life insurance is so much more reliable than any bank.Where you can get his videos for free: on his website.Why the most important thing is always to be comfortable with the person you are lending from.The catalyst that put him on this track: losing his high-frequency hearing while working in the music industry. What it was like to lose his hearing.The hope that disability insurance created in his life.The importance of moving forward one step at a time.What he wants listeners to leave knowing: remember that this is not about rate of return, and know that it is a process. Links Mentioned in Today's Episode:Tom Laune on LinkedInBulletproof WealthLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupAPT Capital Group

Weathering the 2008 market crash is no mean feat, and some fared better than others. Talking to us today about the hurricane he faced when the recession began, and the lessons he learned from the process, is entrepreneur, author, real estate trainer, public speaker, and personal coach, Mike Morawski. Mike started his professional career as a pool contractor, but through a series of events, transitioned into real estate in the early 2000s. We find out how he learned all he could from those who had succeeded, and why he prefers diving right in instead of dipping a toe. We hear how Mike moved from residential real estate into syndicates, and the techniques he used to raise capital and recruit investors. Mike also gets candid about the five big mistakes that he made when building the portfolio: growing too fast, being undercapitalized, being overleveraged, not paying attention to the red flags, and finally, not listening to those close to you. From helpful advice regarding being upfront, and paying attention, this first part of the two-part series with Mike is a fascinating listen. So, to learn from one of the greats, tune in today!Key Points From This Episode:Welcome to Mike Morawski, entrepreneur, author, real estate trainer, public speaker, and personal coach.An introduction to our newest host, Peter Pomeroy.How Mike moved from being a general contractor, into real estate. Why it's important to learn from those who have succeeded.Mike's thoughts on “Dipping a toe” compared to jumping right in. Why Mike moved from residential real estate to syndicates. How Mike raised capital and recruited investors. Who comprised Mike's team, and the five big mistakes he made.The perfect storm: how the crash in 2008 affected Mike's business.The lessons Mike learned from the crash. Where you can get hold of Mike, and what to expect from part two! Links Mentioned in Today's Episode:Mike Morawski on LinkedInMike Morawski on InstagramMike Morawski EmailMy Core IntensionsPassive Income Through Multifamily Real Estate Facebook GroupAPT Capital Group

Welcome to another episode of Passive Income through Multifamily Real Estate. During today's conversation, our new host, Peter Pomeroy, speaks with Jenny Gou, managing partner at Vertical Street Ventures. Jenny has recently been named one of Bigger Pockets Wealth Magazine's top 40 under 40, and during today's conversation, she tells us how her humble beginnings keep her thankful for every milestone of success. Listeners will gain insight into Jenny's career at Procter & Gamble prior to starting Vertical Street Ventures, how she found her mentor, Steven Louie, and why she made the decision to quit her job before purchasing her first property. We talk about team culture, and Jenny reveals the complementary skills that make her and Kyle such a great team, before chatting property managers, and discussing what motivated Vertical Street Ventures to open up their own academy, and how they went about doing so. We also hear some intriguing details about their upcoming conference in Arizona and the exciting guests that will be speaking, and much more! Tune in to hear more today. Key Points From This Episode:Welcoming our new host: Peter Pomeroy.An introduction to today's guest, Jenny Gou, and her role at Vertical Street Ventures.Jenny's recent mention as one of Bigger Pockets Wealth Magazine's top 40 under 40.How she keeps it real despite Vertical Street Ventures' exponential growth: gratitude.Her career at Procter and Gamble leading up to becoming managing director at Vertical Street.The story of how she quit her job before purchasing her first property.How she found her mentor, Steven, and why coaching is so important. What the first six months of starting Procter & Gamble were like. Why she is such a huge believer in team culture and what that means.How Vertical Street Ventures acquired 86 million in acquisitions throughout COVID.Where she sees the company in five years time. What piece of asset management she finds most exciting and why it is so productive to work with Kyle.Why it is so important to have a good property manager. Why there is so much to be said for finding your property management sweet spot.What motivated them to start their own academy to add more value.What differentiates their academy: it is a true hands on approach with one-on-one training.Their upcoming conference on June 4th and 5th in Arizona featuring Hunter Thompson, Bronson Hill, Amanda Han, Michael Becker, and more.Equinox on Prince, Jenny's investment property in Tucson.What is so productive about a market like Tucson or Phoenix.What Jenny and her husband to nurture their relationship while working together.Links Mentioned in Today's Episode:Equinox on PrinceVSV Conference Jenny Gou on LinkedInVertical Street VenturesNorthlight Growth PropertiesPeter Pomeroy on LinkedInLimitless EstatesPassive Income Through Multifamily Real Estate Facebook Group

Welcome back to part two of our conversation with Mike Morawski, a 30-year real estate investment veteran who has had control of over 285 million dollars in real estate transactions, entrepreneur, author, real estate trainer, public speaker, and personal coach. He has also served a 10-year prison term in a federal penitentiary. Join us today to hear how defining moments in his life helped him to move forward and inspire others to do the same. He believes that people are trapped in their own prisons of addiction and abuse, and that the same principles that empowered him to make the most of his time behind bars can help others to turn their lives around. We touch on faith and family before he gets candid about learning to forgive himself and others through the power of understanding scripture. In closing, he offers advice to those navigating the sometimes troubled waters of real estate, reminding listeners that a career is a marathon, not a sprint! Thanks for tuning in.Key Points From This Episode:Introducing our new host: Peter Pomeroy.A re-introduction to our guest, Mike Morawski, a 30-year real estate veteran. His other endeavors as an entrepreneur, author, real estate trainer, public speaker, and personal coach.His career history leading up to starting his firm, My Core Intentions, and The Insider Secrets Podcast.What it was like to serve a 10-year prison term in a federal penitentiary.The story of a defining moment that happened in the gym. Why he believes that people are trapped in their own prisons of addiction and abuse.Why you have to make choices to move forward. The power of understanding your ‘why'.His daily practices in prison and what he has sustained on the outside.The role of his faith and his relationship with God, and the Zoom Bible Study he hosts.How scripture helped him to forgive himself and others.How he partners with people today to help them to find their ‘why'.His advice to investors: slow down, it's a marathon, not a sprint.His advice to those struggling to get motivated: don't let the stuff beat you, get over it, move forward! Where to find Passive Income through Multi-Family Real Estate online.Links Mentioned in Today's Episode:Exit Plan Michael Morowski on LinkedInMike Morawski on TwitterMy Core IntentionsMulti-Family UnpluggedThe Insider Secrets PodcastLimitless EstatesPassive Income Through Multifamily Real Estate Facebook Group

Today's guest is Bruce Wuollet, the Founder and Owner of Bakerson LLC. Growing up in the bakery business in the Twin Cities in Minnesota, Bruce wanted to pay homage to his late father (hence the name, Bakerson). After trying his hands in a few different ventures in Minnesota, Chicago, and Phoenix, he finally found his niche in real estate. With a proven track record of success throughout Bakerson's 20-year history and thousands of individual units bought, repositioned, and sold, Bruce has overseen all aspects of the business, from operations, acquisition, and project leadership to equity fund management, syndications, legal, finance, and more! His focus is finding good deals while his passion is serving residents, building relationships, and creating communities out of apartments. Listening in, you'll learn why Bruce attributes Bakerson's success to their hyper focus on workforce housing, coupled with their reputation for tackling ‘tough' projects, which has provided them with tremendous credibility. Bruce also shares how his business has evolved over the last two decades and offers some insight into the value adds his tenants care about, some of the unique challenges and opportunities that come with workforce housing, and his innovative approach when it comes to long-term hold periods, as well as how his father taught him to value relationships, and so much more! Tune in today to learn more!Key Points From This Episode:A glimpse into the early days of Bakerson and how the business has evolved since.Why Bruce believes it was a mistake not to embrace wholesaling through technology.Insight into Bakerson's focus on an underserved demographic: workforce housing.Defining who Bakerson serves as lower middle class and upper lower class.Value adds that Bruces' tenants care most about: safe, functional, durable, and clean.Why amenities are less important than curb appeal for workforce housing.The pros and cons of working with properties built in the 1960s and ‘70s.Some of the biggest challenges and opportunities unique to workforce housing.Why Bruce values his connections with the communities that he invests in.Bruce shares his innovative approach when it comes to long-term hold periods.The three types of investors attracted to this model.Progress on the 65-unit motel conversion project Bruce is working on in Sierra Vista.Buying per square foot, having multiple contractors work in sync, and other key takeaways.How underwriting is impacted by inflation and supply chain delays.Hear the story behind the company name, Bakerson, and how it honors Bruce's father.Bruces shares his vision for Bakerson in 10 years' time; living off cashflow alone.Links Mentioned in Today's Episode:Bruce Wuollet on LinkedInBakerson LLCBakerson LLC on LinkedInBakerson LLC on FacebookPeter Pomeroy on LinkedInPeter Pomeroy Email Vertical Street VenturesPassive Income Through Multifamily Real Estate Facebook Group

By now, most of us have heard about why coaching is so central to any sort of professional or personal progress. Here on the show today to drill down on this subject and share his amazing journey and philosophy toward growth is Nick Santonastasso, the author of Victim to Victor: How to Overcome the Victim Mentality to Live the Life You Love. Nick is also a keynote speaker at our upcoming Vertical Street Ventures National Conference. This conversation serves as a great introduction to Nick's passion and insight and is sure to get you even more motivated to go and get your ticket, if you have not already! Being born with Hanhart Syndrome, Nick has faced many challenges that are foreign to much of the population and, as you will hear in our chat, Nick believes this equipped him with a vital solution-oriented mindset; something he believes is indispensable to success. We hear from our guest about his ideas around pattern recognition, the AIA framework for change, gratitude practices, and his best advice for changing an emotional and mental state. For a fresh dose of energy and wisdom from a young man making waves, be sure to listen in to this great episode!Key Points From This Episode:Background on Nick and how his journey with Hanhart Syndrome has affected his outlook. Important lessons that Nick learned early about failure and solutions. The conditioned and unconscious thought patterns that govern the majority of what we do.Taking steps to become aware of dangerous mindsets and thought patterns.How self-inducement works and why our focus dictates how we feel.   The ever-present possibility to change; why rewiring the brain is always an option.Confronting the victim mindset and our limiting beliefs!  Contextualizing weaknesses and realistic expectations for how much progress we can make.  The core of our limiting beliefs and how feeling worthy can impact this. How Nick uses questions to help his clients make breakthroughs. Nick's thought's on gratitude and his own practice around fostering it.  The small promises that can aid us in building self-confidence and momentum. Nick explains his idea of finding leverage as a means for change. How to get in contact with Nick and looking forward to his keynote speech at the Vertical Street Ventures National Conference!  Links Mentioned in Today's Episode:Nick Santonastasso on InstagramNick Santonastasso on TwitterVictim to VictorTony RobbinsJoseph CampbellJim Rohn Vertical Street VenturesVertical Street Ventures National ConferencePeter Pomeroy on LinkedIn Peter Pomeroy Email Passive Income Through Multifamily Real Estate Facebook Group

Dealing with things like depreciation, tax deductions, and cost segregation, can feel overwhelming and inaccessible as a first-time real estate investor, but it doesn't need to be. Today on the show we chat with Erik Oliver, a Cost Segregation Expert and Regional Manager with Cost Segregation Authority, a company that specializes in Cost Segregation studies. We talk with Erik about how he pivoted to pursue this area of real estate and why he finds so much satisfaction in helping people save on their taxes. Tuning in you'll hear Erik break down the role of depreciation in real estate, the mechanics of how it works, and how you can capitalize on it under the current tax laws. We also discuss when you can implement a cost segregation study based on the value of your property as well as other elements of your investments. Erik shares his advice for anyone looking to make a career change, as well as insights into how he maintains momentum in his work while raising young kids and making time to spend with his family. We had a great conversation with Erik, and if you're interested in learning more about cost segregation, depreciation, and tax deductions, make sure you tune in today!Key Points From This Episode:Introducing today's guest Erik Oliver a Cost Segregation Expert and Regional Manager with the company, Cost Segregation Authority.An overview of the Tax Cuts and Jobs Act and how that relates to cost segregation.Some of the motivations behind the Tax Cuts and Jobs Act.The standard depreciation that accumulates when you buy a building.The benefits of depreciation and why it doesn't apply to land.A breakdown of cost segregation and the role it plays in depreciation.How cost segregation can accelerate depreciation.The IRS approved guidelines that cost segregation experts use in their processes.The difference between how personal property and real estate depreciates.The different approaches companies can take to evaluate a property's worth.How a lookback study allows you to reevaluate the value of your property and incorporate a cost segregation study years after you acquired it.Insights on when to implement a cost segregation study depending on the value of your property and other aspects of your investments.A breakdown of what bonus depreciation means and how it relates to cost segregation.Erik's advice to listeners who are considering a significant career change, particularly towards real estate.What Erik does to maintain a balance between the momentum in his career and having a family and young kids at home. Links Mentioned in Today's Episode:Cost Segregation AuthorityErik Oliver on LinkedinLimitless EstatesPassive Income Through Multifamily Real Estate Facebook Group

You've probably heard that the three most important things in real estate are location, location, location, but today's guest believes that successful deals are more often about the people you invest with than anything else! Today, Peter Pomeroy speaks with architect and multifamily investor, Diana Lin, who focuses on acquisitions, strategic direction, and asset management at Navi Ventures. She is also an AIA Licensed architect with over 10 years of experience as a Project Manager and Project Architect in New York, Texas, and China. In her career as an architect, Diana designed and managed large-scale, award-winning buildings in office, multifamily, hospitality, and retail properties. In today's episode, she sheds some light on her journey as a multifamily investor. From why she suggests joining a mentorship group to the benefits of prioritizing effective communication, Diana has some valuable insights to share, including her belief that it's the people you partner with that make all the difference. Ultimately, she maintains that you can't do it by yourself; you have to leverage the expertise of others to help you be successful! Tune in today to learn more in this thought-provoking conversation with Diana Lin!Key Points From This Episode:Insight into Diana's background and career trajectory from architecture to real estate.Why Diana and her husband started in multifamily and how they educated themselves and built up a network by joining a mentorship group.Finding her first investment; why Diana encourages listeners to attend multifamily meetups.Lessons she has learned about underwriting since doing due diligence on that first deal.Why successful deals are more about the people you invest with than the numbers.Advice for getting a sense of a deal sponsor prior to investing with them: ask around!Prioritizing effective communication as well as expected returns to mitigate uncertainty.Learn more about Navi Ventures and its focus.Their latest deal in Glendale, Arizona, and how Vertical Street Ventures contributed to it.The motivations behind doing a 506-B and Diana's findings at the end of the process.How Navi Ventures leverages Diana and her husband's backgrounds to attract investors.Diana shares her goals for Navi Ventures for the next 12 months and the next five years.What financial freedom means to Diana: more time with her family.How building relationships with good partners will take Navi Ventures to the next level.Links Mentioned in Today's Episode:Diana Lin on LinkedInDiana Lin EmailNavi Ventures Vertical Street VenturesVertical Street Ventures AcademyPassive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInNorth Light Growth

Systems and technology are an important side of any real estate business, but this doesn't mean there is not an equally important human element to what we do. This is one of the messages that today's guest, Melanie McDaniel, underlines in this fascinating conversation. Melanie is the Founder of Freestyle Capital Group, a boutique private equity firm, and we are so happy to welcome her to the show to talk about how she partners with investors, the Freestyle Fund, how she approaches building relationships, and her current investment focuses. We also get a little personal with Melanie, touching on her belief in intentionality and using real estate to design the life you actually want! Our guest talks about traveling and staying open-minded to a life that is not limited by external expectations and pressures, as well as how we might think about transitioning into active investment. So to hear all this inspiring, practical, and thought-provoking wisdom from Melanie, be sure to press play!Key Points From This Episode:Melanie's professional background and path to her current work in real estate.  The common sense and learning that guided Melanie's decision to go into multifamily.  Foundations and preparations; the work ethic that Melanie brought forward from her time in the military. The key steps in what Melanie offers investors through Freestyle Capital Group, and some information on the Freestyle Fund.  How travel plays into and influences Melanie's life and work!Melanie shares her secret to finding new operating partners at conferences.The kinds of partners that Melanie aims to work with; a description of her ideal avatar.  Facilitating and building long-term relationships with partners.Moving through deals and making the most of the nerve-wracking process. The types of deals that Melanie is currently focused on.  Advice that Melanie would give herself about the temporary nature of things!Words of wisdom from Melanie for anyone considering getting in active investment. How and where to find Melanie online to make use of her great services.Links Mentioned in Today's Episode:Vertical Street VenturesMelanie McDaniel on LinkedInFreestyle Capital GroupMelanie McDaniel EmailMelanie McDaniel on TwitterRich Dad, Poor DadBiggerPockets Peter Pomeroy on LinkedIn

Welcome to another episode of Passive Income Through Multifamily Real Estate. Joining us in conversation today is Tom Laune, founder of Bulletproof Wealth. Tom kicks off our conversation by giving us an overview of how banks make money and why that is important, before he gives us a definition for another way to process your money: infinite banking, which originated in Austria. He tells the story of losing his high-frequency hearing while working in the music industry, which sparked his realization that it's so important to protect your livelihood. It was also through this experience that he learned the importance of moving forward one step at a time. Tom's message comes down to the fact that you have to trust the person you are investing with, and he points us in the direction of a free resource he provides on his website, videos to guide your decision-making and help you to self-educate. In closing, he reminds listeners that changing the way you manage your finances is a process, and it's not about the rate of return. We hope you join us to hear him pass along these lessons from his life and business today. Key Points From This Episode:An introduction to today's guest, Tom Laune.Tom's overview of how banks make money and why that is important.The crux of what he does: helping people to understand how banks make money and teaching them to do it themselves.Why everything he does is customized to individual customers.What infinite banking is: a process of controlling your personal banking in your own life.Term insurance and building equity which becomes yours.  How a whole life policy protects you against fluctuating values.The main difference between banks and insurance companies.Why Variable Universal Life is a highly volatile product in comparison to Whole Life.Eligibility and funding requirements to qualify for Whole LifeHow the longer you fund it, the more it compounds.How insurance works to replace your income.The age-limited basis that Whole Life operates according to.How Tom is taking people's real estate return of 12% and taking it to 200%.The long-term strategy leading up to your cash value increase to exceed what you put in.Why you get more life insurance while your cash value is going up.Why he invests in people rather than investments.Why he believes life insurance is so much more reliable than any bank.Where you can get his videos for free: on his website.Why the most important thing is always to be comfortable with the person you are lending from.The catalyst that put him on this track: losing his high-frequency hearing while working in the music industry. What it was like to lose his hearing.The hope that disability insurance created in his life.The importance of moving forward one step at a time.What he wants listeners to leave knowing: remember that this is not about rate of return, and know that it is a process. Links Mentioned in Today's Episode:Tom Laune on LinkedInBulletproof WealthLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupAPT Capital Group

Joining us in conversation today is Adam Benton, Founder of Stellar Senior Living, a luxury retirement home with 4,000 beds and over 2,500 employees operating across nine US states. Tuning in, you'll hear the origin story of Stellar Senior Living, including a breakdown of the lease model that facilitated their start. Discover the details of how the cap rate increases in proportion to need, and what the different types of senior living communities look like at Stellar. Adam shares what to look for as an investor new to the senior living space, and gives an overview of some of the drivers behind growth in the industry contributing to a promising future. He also offers advice on how to facilitate a positive dynamic in a family-run business, and provides an inside look at the process at Stellar Senior Living, from purchase to operation. Listeners will also have the opportunity to hear about a key challenge Adam faced and how he overcame it, before he shares his hopes for the future of innovation in his industry. Tune in today to hear all this and more! Key Points From This Episode:An introduction to today's guest, Stellar Senior Living Founder, Adam Benton. The origin story of Stellar Senior Living.How a lease model works and who it serves best.The different types of senior living communities at Stellar. How the cap rate increases in proportion to need from apartment to hospital.Other options to get into the senior living industry.An outline of the investment criteria for Stellar.The number one thing to look for if you are entering the industry.Why considering the team is such an important element of choosing where to invest.Why the demand calculation is so easy to do for senior living.Growth drivers for the industry including a longer lifespan and the number of baby boomers. Best practices that support harmony in a family-run business.A word of advice to get everything in writing even though you are working with family.The average hold time on a newly purchased property.Why it's so important to make sure that you have an excellent operating team.A huge challenge that Adam experienced in Seattle.Innovation he would like to see in the senior living space in the future.Links Mentioned in Today's Episode:Adam Benton on LinkedIn Stellar Senior Living Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

The world of real-estate investing is a wild ride and it takes a certain level of skill and experience to be able to face the challenges it presents. Today's guest is a well-versed investor with a wealth of knowledge in both active and passive investment. Charles Carillo is a managing partner at Harborside Partners and the host of the Global Investors Podcast. Tuning in, you'll hear about Charle's real-estate upbringing, how his focus has shifted from C-class to B-class properties, what Harborside Partners' investment strategy entails, and so much more! We delve into the things to consider when having conversations with investors before discussing why Charles does not seek investment to provide distribution. Finally, our guest shares a challenge he's faced in his career and how he overcame it. Thank you for listening in!Key Points From This Episode:What led Charles to real estate investing and why his aim is to focus on B-class properties.  Why Charles won't use investors' money for C-class properties. Charles talks about Harborside Partners and shares its business model with us.Charles shares Harborside Partners' investment strategy and their plan for the next year.The dangers with not buying rate caps and how Charles has seen that play out recently. How Harborside Partners approaches conversations with investors. Why real estate investors only provide distributions based on cash flow.Charles tells us about a real-estate challenge he experienced and how he overcame it. What Charles has learned from his experience in an array of both active and passive investment opportunities. Links Mentioned in Today's Episode:Charles Carillo on LinkedInCharles Carillo on TwitterCharles Carillo on InstagramGlobal Investors Podcast on Apple Podcasts Harborside PartnersVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Do you currently find yourself wondering about whether or not to do a cost segregation study? Or have you heard of it, but are wanting more information about the process? Then today's episode is for you. Our guest on the show today is Joseph Viery, a cost segregation professional and the founder of US Tax Advisors Group Incorporated (USTAGI). By leveraging IRS-complaint cost segregation studies, Joseph has helped property owners defer or eliminate millions of dollars in income taxes. In our conversation with Joseph, we talk about what USTAGI encompasses and exactly what cost segregation is. He divulges an aha moment for listeners and also shares something he believes everyone should know about. To hear about the most common misconceptions investors make about cost segregation and his advice to passive investors, make sure not to miss out on this episode of Passive Income Through Multifamily Real Estate. Key Points From This Episode:The journey of how Joseph became a cost segregation professional (CSP).He explains more about the Us Tax Advisors Group.Joseph elaborates on what cost segregation is.What 100% bonus depreciation means. We divulge an aha moment for listeners.Joseph goes through the three reasons you wouldn't want to do cost segregation. The point where it makes sense to consider cost segregation.Joseph shares something everyone should know about.The most common, incorrect, assumptions investors may have about cost segregation.Advice to passive investors to encourage reluctant sponsors to consider doing a cost segregation study. Links Mentioned in Today's Episode:Joseph Viery on LinkedInUSTAGIVSV Fund IIVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Today we host a fascinating conversation with Sief Khafagi, the Founder of Techvestor! After a successful career in tech and some time spent at Facebook, Sief took a leap into the unknown, resigning during the pandemic to spend more time with his young family. This led to him exploring the opportunity presented by the short-term rental space, and what he found inspired him to start his business. Essentially, Sief believed he could use data and a simple approach to value, to solve the common issues associated with short-term rentals, and in our conversation, we get to hear exactly how he and his team did this. Sief talks about his vision for the future, why he sees America becoming more mobile, and also gets into some of his personal habits and values that keep him healthy and grounded. Join us to hear it all from this inspiring guest! Key Points From This Episode:Sief takes us a through a little of his professional background and time at Facebook. The decision to leave Facebook and how this led to starting Techvestor. The problem that Sief aimed to solve with Techvestor, and how this evolved. Unpacking the simple business model at Techvestor. How Techvestor optimizes for revenue and profitability.  Sief talks about their criteria for properties and their emphasis on seasons. The kinds of customers that Sief and his team are targeting. Exit strategies at Techvestor and the priorities for the process. Understanding the inclusion of a data page on the Techvestor website. Thinking outside of the box and finding the right investors to educate. The personal practices that help Sief stay on top of his work. How and where to connect with Sief and Techvestor!  Links Mentioned in Today's Episode:Sief Khafagi on LinkedInTechvestorTechvestor on TwitterVrboAirbnbVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Mobile home parks are an interesting branch of passive real estate investments, and today we have a fascinating conversation about finding success and profit in this sector with Andrew Keel, from Keel Team. The CEO and Founder of the company, Andrew has managed to build a great portfolio and business around a hands-on approach to mobile homes, and we get the inside scoop from him on what has enabled him to do this. Andrew kicks things off by talking about how and why he landed in this type of asset class, and the factors and talents that have contributed to his passion and progress. From there, we get into a little about his geographic choices, how his philosophy has grown and evolved, and some of his thoughts on the current state of the market. We also touch on property management ideas, financing tools, and much more, so tune in to hear it all!Key Points From This Episode:How Andrew found his way into investing in mobile home parks. Andrew explains a little about the MHU and what they provide. The evolution of Andrew's investment and strategy. Andrew talks about the market, competition, and pricing over the last five years. How to go about building relationships and Andrew's approach with owners. The best value ad opportunities in Andrew's work. Low-hanging fruit that is not worth pursuing; Andrew talks about the hurdles he avoids. Andrew's best practices for property management.Financing and debt; Andrew talks about the typical practices at Keel Team.  The hold strategy that Andrew and his team prefer.  How the economic environment is impacting equity right now. The story of Andrew's third mobile home park and a close call with some gifted chili! How Andrew's experiences with Iron Man have improved his determination in business. The best place to find and connect with Andrew online!Links Mentioned in Today's Episode:Andrew Keel on LinkedIn Keel TeamThe Passive Mobile Home Park Investing PodcastMHUDeals on wheels Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Today's episode tells the story of twin brothers who, despite having no track record, no ownership experience, and very little equity, bet on themselves and jumped into starting a company together. Will Matheson and Evan Matheson are the co-founders of Matheson Capital and Will joins us today for a chat. In our conversation today we discuss what inspired the brothers to attend the real estate program at Columbia, Will's thoughts on growing your network, and the flow of their acquisitions from small to large. He talks about investment strategies he's most and least excited about and how investor sentiment has changed over the last 18 months. Tune in to hear his most memorable close-call experience as a real estate investor and how he dealt with it. For all this and more, start listening now. Key Points From This Episode:What made Will and his twin brother jump into the program at Columbia.Their start and how they scaled their company to a hundred million dollars.Will shares the flow of their acquisitions when they started their company. Growing the network out and his thoughts on having happy investors.When they decided to move from smaller to larger properties. He talks about their current business model and what that looks like.Product types that have piqued their interest in our current economic environment. The investment strategies he's most and least excited about.The value ad properties he finds to be a real opportunity. Where their equity capital is coming from. His thoughts on how investor sentiment has changed over the last 18 months. The aspects of the deal they are currently focused on.Will shares a close-call experience as a real estate investor and how he dealt with it.Best practices for working with a co-founder; especially if that person is your twin.Links Mentioned in Today's Episode:Will Matheson on LinkedInMatheson CapitalMarcus & MillichapVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

When thinking of investing in property, the idea of the typical suburban home comes to mind, but have you ever considered property in the form of farmland? Join us as we welcome Artem Milinchuk, founder of FarmTogether, to discuss the benefits of investing in farmland. Discover how FarmTogether provides accredited investors access to institutional quality farmland, offering passive income and supporting sustainable agriculture. In our conversation, we explore the historical returns of farmland, its similarities to multi-family real estate, and FarmTogether's unique approach to acquiring and managing farmland. Artem explains the fundamentals of investing in farmland, the risks and benefits, the different products FarmTogether has for investors, and much more! Don't miss this insightful episode on the potential of farmland as an attractive investment option with Artem Milinchuk!Key Points From This Episode:Introduction and a brief background about today's guest, Artem Milinchuk.The motivation behind starting FarmTogether.Discover how FarmTogether is helping farmers.Why investing in farmland is a good business decision.Learn about the similarities between multi-family real estate and farmland.Artem explains FarmTogether's business model.How FarmTogether is able to acquire properties.We discuss the range of farm sizes and locations FarmTogether has in its portfolio.Find out how seasonality impacts their investment approach.He unpacks the different options FarmTogether has for investors.Overview of the risks and benefits of investing in farmland.What the short-term goals of the company are.Artem shares advice for fellow entrepreneurs. Links Mentioned in Today's Episode:Artem Milinchuk on LinkedInArtem Milinchuk on Twitter Artem Milinchuk EmailFarmTogetherVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Industrial real estate broker, owner, and Principal at Brit Properties, Joel Friedland, has a 40-year track record in industrial real estate, having secured more than 2,000 industrial property leases and sales. If you asked Joel his greatest career accomplishment, he would say that it's his ability to maintain valued relationships spanning five decades. In today's episode, he offers insight into his tried-and-true code of conduct for building lasting relationships, loosely based on Don Miguel Ruiz's The Four Agreements (a highly recommended read from our guest). Joel also shares a few anecdotes that illustrate how you can build relationships anywhere, whether you're driving down the road or picking up your dry cleaning. We take a deeper look at the industrial product type, current investor sentiments in the space, and the deal structure at Brit Properties. Tune in today for all this and more!Key Points From This Episode:The story of Joel's introduction to industrial real estate.Joel's guide to building relationships which starts with never taking it personally.Interested is interesting: how you can benefit from listening and asking questions.Why Joel loves the industrial product type (and his backyard market of Chicago).An insider's look at Joel's class B and C industrial niche.Investor sentiments in the industrial space post-COVID.All-cash, no mortgage, no debt: insight into Brit Properties' deal structure.What to do first when you lose an investor's money.Tips for making major decisions.Links Mentioned in Today's Episode:Joel Friedland on LinkedInBrit PropertiesThe Four AgreementsVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Property managers are key players in getting the best deals for their investor clients. But it's not only about the sale; there many are other ways that property managers help their sponsors maximize their earning potential on any given property. So, joining us today with some important advice on how to use property managers correctly is the Owner of Avant Garde, Anthony DeAugustine, and his Vice President, Bob Myers.  After gaining a sense of the properties that our guests manage, we learn about investor behaviors surrounding value adds, whether mid-century rentals will reach a point where big renovations are justified, and why the Phoenix housing market is not on its deathbed as portrayed by mainstream media and analysts. Then, we get into the meat of our conversation as Anthony and Bob explain how they help their clients with preliminary evaluations, why construction and renovation costs matter, what ‘loss to lease' and ‘contract service' means, and why you should always have a replacement reserve fund. We end our discussion by taking a deeper look at value adds for mid-century, 50-unit properties, and our guests share some incredible advice for how first-timers and investors who want to scale up should approach Avant Garde and other property managers. Key Points From This Episode:A warm welcome to the team from Avant Garde, Anthony DeAugustine and Bob Myers.The properties that Avant Garde manages and how the market has changed since last year.  Why investors are wary of taking on the value add risk with their exchange money. The vintage range of the properties that Avant Garde is currently managing. When (and if) rent for mid-century units will recover enough to accommodate big renovations.Why the Phoenix housing market is not doomed as the media paints it out to be. How Anthony and Bob help investor clients with their preliminary evaluations of properties.The importance of understanding the full scope of construction and renovation costs. Our guests define and then give examples of ‘loss to lease.'Listing everything that qualifies as a contract service, and how to right-size your expenses. Why you should always have a replacement reserve and where you should put the funds.  Advice for how to work with companies like Avant Garde when scaling up your investments. What the perfect amount of value adds look like for a 50-unit, mid-century property. Links Mentioned in Today's Episode:Anthony DeAugustine on LinkedInAnthony DeAugustine EmailAnthony DeAugustine Phone Number: 602-741-8054Bob Myers on LinkedInBob Myers EmailBob Myers Phone Number: 602-501-8271Avant Garde VSV Fund IIVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook Group Peter Pomeroy on LinkedInPeter Pomeroy Email

Age is not a limiting factor when it comes to pursuing a career in real estate investing. Many young individuals have achieved remarkable success in the field by leveraging their unique advantages and taking advantage of available opportunities. In today's episode, we speak to one of those individuals, Caleb Johnson, about his real estate investment journey and how he has achieved incredible success at a young age. Caleb is an emerging investment luminary at Red Sea Capital. Remarkably, even before reaching the age of 25, he has amassed a staggering portfolio, valued at over 9 million dollars. Within this expansive collection lie multifamily and retail assets, each contributing to his remarkable success story. With an unwavering dedication to his faith and craft, he aims to forge a path as a faith-infused professional, fostering deep connections with investors and nurturing lasting relationships. It is through this guiding principle that he established Red Sea Capital in 2022, a dynamic and forward-thinking investment firm that operates with a vision for success and growth. In our conversation, Caleb shares his background and the inspiration behind his entrepreneurial journey. We delve into the topic of fear and how it serves as a motivation for him, how he initially got started in real estate and multi-level marketing, and his perspective on the current state of the real estate market. Drawing from his own entrepreneurial experience, Caleb shares valuable insights and lessons learned along the way. Tune in and find out the secret to real estate success with Caleb Johnson!Key Points From This Episode:Caleb's background and what inspired his entrepreneurial journey.We discuss how fear keeps Caleb motivated.How he initially started in residential real estate: house hacking.Building up capital for investment as a young entrepreneur.He explains the ins and outs of multi-level marketing.What it takes to be successful at multi-level marketing.Caleb shares the lessons from his entrepreneurial experience.An overview of his approach to real estate investing.Insights about the Albuquerque real estate market.Why Caleb also chooses to invest in retail.Hear his perspective on the state of the real estate market.Details about his podcast and accountability coaching program.Caleb's personal and career goals for the near future.Links Mentioned in Today's Episode:Caleb Johnson on LinkedInRed Sea CapitalRed Sea Capital: Accountability CoachingFrom Trial to Triumph PodcastBiggerPocketsRich Dad Poor DadRich Dad's CASHFLOW QuadrantRaiseMastersVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Today's guests, Anthony Faso and Cameron Christiansen, are dedicated to assisting individuals in achieving financial freedom through passive income. They do this through the concept of Infinite Wealth where they use whole life insurance policies to overfund and create cash value in a way that is heavily influenced by Robert Kiyosaki's Rich Dad Poor Dad. In this episode, they delve into the concept of Infinite Banking, explaining how whole life insurance policies can be leveraged to overfund and create cash value. Additionally, they provide insights into the workings of conventional banks, outline the advantages of utilizing whole life insurance policies, and explain the impact of compound interest and simple interest on this strategy. The episode covers the process of obtaining funding through a policy like this, including qualification for individuals who earn a commission or lack a W2 job. Regardless of whether you are a younger person trying to carve out a monthly contribution for Infinite Banking, an older person who may feel that time is limited for engaging in this strategy, or someone somewhere in between, this episode is filled with insightful information and helpful advice to help you achieve financial freedom. Key Points From This Episode:An introduction to our guests and how they came to establish Infinite Wealth Consultants. The concept of Infinite Banking and how you can use whole life insurance policies to overfund and create cash value.Insight into how conventional banks work.What Infinite Banking is and how it works.The advantages of using whole life insurance policies.   How compound interest and simple interest affect this. An explanation of how to get funded with a policy like this. How someone who earns a commission or doesn't have a W2 job can qualify for something like this. Insight into how much you can borrow against your policy. What somebody should think about before taking money out of their whole life policy.Why our hosts believe we should be teaching this to our kids.What Anthony is doing to set his grandson up with a passive income. Encouragement for a younger person trying to carve out a monthly contribution for Infinite Banking.Advice for an older person who might not think there's enough time to do Infinite Banking.How to get free access to the Infinite Wealth Consultants free online course. Links Mentioned in Today's Episode:Cameron ChristiansenAnthony FasoInfinite Wealth ConsultantsRich Dad Poor Dad Becoming Your Own BankerFree Infinite Banking Course Infinite Wealth Consultants on FacebookInfinite Wealth Consultants on InstagramVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Making money slowly isn't necessarily sexy but today's guest has learned from experience that there is no better path to long-term wealth than long-term thinking. We are joined by Drew Breneman, who began his real estate career at just 19 years old when he started Breneman Capital and bought his first four rental properties with money earned from the internet business he started in high school. After earning degrees in Real Estate and Urban Land Economics from the University of Wisconsin, he worked for three national real estate development firms, each of which focused on different product types from office and retail to market-rate and affordable multifamily. Drew is also the co-founder of the Blackhawk Investment Group and Dwelle, a Chicago-focused real estate investment and property management group. In this episode, Drew tells us how his ambition for finding the best investment vehicle for his earnings led him to real estate and how his make-money-slow approach has allowed him to achieve an impressive internal rate of return (IRR). We also discuss the power of reinvesting, why Drew likes to “keep it simple,” and why he recommends that new investors learn by doing while keeping trends in mind, plus so much more! Be sure to tune in today for a fascinating conversation with born-entrepreneur, Drew Breneman.Key Points From This Episode:A look at the wide variety of entrepreneurial endeavors Drew has been involved in.How he found real estate while searching for the best investment vehicle for his earnings.Ways that long-term thinking or “delayed gratification" has played into his success.The story of how Drew acquired his first milestone investor and partner.How they achieved an average of 25% IRR across their deals in a 10-year period.The power of reinvesting and why Drew is so focused on the execution of every deal.What it means to Drew to keep things simple and how this reflects in his deals.The value of learning by doing and taking action (when it makes sense to do so).Drew's take on risk-adjusted returns and his advice for investors.How you can benefit from keeping trends in mind when considering an investment.Insight into Breneman Capital; markets, product types, investors, and more!Key lessons from the biggest mistake that Drew made as a real estate investor.How having a son has changed Drew's perspective on success.Links Mentioned in Today's Episode:Drew Breneman on LinkedInDrew Breneman on TwitterDrew Breneman on InstagramBreneman Blueprint PodcastBreneman CapitalFREE Real Estate Investor Guidebook for Passive InvestorsBlack Hawk Investment GroupDwelleInvesting in Real EstateVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Vertical Street Ventures has a very exciting new fund to introduce and joining us today on the Passive Income Through Multifamily Real Estate podcast is the wonderful Charlie Armendarez. Charlie is a very experienced financial advisor who is working with VSV on this innovative new fund. Tuning in, you'll hear all about how he got involved with VSV, his career so far, what led him to real estate, and what motivated the launch of the new fund. It is imperative that investors think about their returns on a risk-adjusted basis and today, Charlie explains why that's important before delving into how the fund diversifies investors' money. He a talks us through the three classes of the fund, how they are presenting these deals, why working for our money in investment is essential and so much more! We also get to hear about the career he would choose if not real estate investing and finally, tells us about his '75 hard' experience. Thank you for listening in!Key Points From This Episode:A brief overview of today's guest, Charlie Armendarez. How Charlie connected with Vertical Street Ventures. How his past experiences in his career relate to the work he is doing in real estate now. Charlie tells us about the motivation to launch the new VSV fund. Why it's important for investors to be thinking about their returns on a risk-adjusted basis.The ways the new fund will diversify investors' money in different types of deals. Charlie tells us about the new fund's three different classes. Why people are more averse to taking risks now than they were before. Why questions arise about financing most often when it comes to this kind of investment. Charlie tells us the range of projected returns on the fund. How to present these different deals to potential investors. Why you cannot have the same expectations when interest rates change. Why we really have to work for our money when it comes to multifamily investment. Why Charlie would go into development if he had to choose a different career. The lessons that our guest has learned from '75 hard'.Links Mentioned in Today's Episode:Charlie Armendarez on LinkedInThe Handbook of Mortgage-Backed SecuritiesVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

In today's show, we have an in-depth chat with the Director of Investor Education at PassiveInvesting.com, Whitney Elkins-Hutten. Whitney has loads of wisdom to share when it comes to the process of entering the real estate game, generating a parallel income stream, and the strategies that can help you on a path to more financial independence. She is a partner in over $800 million in real estate investments across an array of asset classes, and also has a Ph.D. in community health and nutrition! One element of her current work is helping other investors implement the strategies used successfully by the wealthy, and by tuning in today, you can get a front seat for a few of these lessons! We cover regional choices, asset class options, building a strong team, and much more. Key Points From This Episode:Whitney shares her backstory and route into real estate fix and flips. Examples of a simple approach to the first big investment milestones.  Appreciation and cash flow; Whitney talks about how she balances these two goals. Choosing the right investment markets for your needs and risk tolerance. Building the right team to complement and supplement your skillset. Whitney talks about her investment in express car washes.The top factors that contribute to operational success at PassiveInvesting.comRegion consolidation and how this grounds Whitney's business model. Translating the investment strategies and principles of billionaires. Whitney unpacks her list of important freedoms.How to find and connect with Whitney online.  Links Mentioned in Today's Episode:VSVCon 2023Whitney Elkins-Hutten on LinkedInPassiveInvesting.comPassive Investing Made SimpleRich Dad, Poor DadBigger PocketsTribevestVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

In this episode, we're excited to welcome Casey Christensen to the show. Casey's journey into the world of real estate investing began in 2014 when he decided to rent out his townhome and house-hack a single-family home. Since then, he's made significant strides in his real estate ventures; including his first out-of-state investment in 2020 and the acquisition of eight units outside his home state. In addition to his successful real estate endeavors, Casey also cofounded Fortified Equity, a company he established with two partners in 2020. In this episode, we dive into Casey's story, discussing his path to real estate investing and how he acquired capital to close his first deal. We also explore how Casey first learned about syndications and broke into the real estate investing market. He shares the many hard lessons along the way, his first joint venture, how this led to founding Fortified Equity, what the company has planned for the future, and more! Don't miss out on this incredible opportunity to gain valuable insights into real estate investing from Casey Christensen!Key Points From This Episode:We welcome Casey and learn more about his background and real estate journey.How he was able to purchase his first property with almost no capital.Learning from the ground up: how he taught himself the real estate game.Casey shares some hard lessons and challenges along the way.He tells us details about his first capital stack.His first joint venture and how it led to the founding of Fortified Equity.Leveraging Vertical Street Ventures to build on the success of Fortified Equity.Find out details about his current project in Little Rock.The challenges and opportunities that come with investing out of state.Hear about developing and sustaining a productive and successful team.Find out whether raising capital is still a concern for him.Why he is passionate about real estate investing as a path to financial freedom.Links Mentioned in Today's Episode:Casey Christensen on LinkedInCasey Christensen EmailCasey Christensen Phone: 801-615-1960GPS Capital MarketsRich Dad Poor DadBiggerPocketsThe ABCs of Real Estate InvestingVSVCon 2023Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Today's guest can best be described as an innovator who is disrupting the world of real estate syndication with his unique and indispensable products. Perry Zheng is the CEO and Founder of Cash Flow Portal, a modern online space and software dedicated to real estate syndication. Perry began his career as a software engineer and eventually turned to real estate investing and, ultimately, syndication. After learning about how Perry found his way to real estate, our guest explains what inspired him to found his company, the factors he took into consideration before taking the plunge of building the portal, how Cash Flow Portal works, and what sets his platform apart from its competitors. Perry is driven by the need to alleviate societal pain points, and his engineering background, coupled with his keen sense for innovation, allows him to do just that! For more about innovation as a way of life, the weight of entrepreneurship, and the future of Cash Flow Portal, tune in now!Key Points From This Episode:Welcoming Cash Flow Portal's Founder and CEO, Perry Zheng. Perry's background and how he got into real estate.How he found his syndication team and his advice for those joining a mentorship group. What inspired him to found Cash Flow Portal.The evaluation and analysis process he underwent prior to building the portal: A leap of faith and plan B.An overview of Cash Flow Portal and some specifics on how to use it. Ease of use and other ways that Cash Flow Portal sets itself apart from its competitors. Innovation as a way of life, and the weight of entrepreneurship. Perry lets us in on what Cash Flow Portal could look like in 2028. The industry he's most likely to innovate in besides real estate. Links Mentioned in Today's Episode:Perry Zheng on LinkedInPerry Zheng on Twitter Perry Zheng EmailCash Flow Portal Cash Flow Marketplace BiggerPockets LyftTwitterAmazon DocuSign Sam AltmanOpenAI Y CombinatorVSVCon 2023Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook Group Jenny Gou on LinkedIn Peter Pomeroy on LinkedInPeter Pomeroy Email

Anytime you are raising money from passive investors, whether it be for private equity, venture capital, or creating a fund, you need someone to help make sure you are doing it correctly. And that is where a securities attorney comes into play. Today we have John Nieh as our guest. John is a founding partner at Trowbridge Law Group and advises clients on matters that relate to crowdfunding, syndications, commercial real estate transactions, and security laws. Today, our conversation is largely based on security laws, including Regulation D rules (506(c) and 506(b)), Regulation A, and how they all differ. He shares some valuable insights regarding fast-paced syndicators and how it may potentially have a negative effect later on. We also talk about Regulation Crowdfunding and how it works. To hear more from John about the benefits and drawbacks of different security laws, syndications, and working in teams, don't miss out on this episode! Tune in now. Key Points From This Episode:An introduction to our guest, John Nieh.How he got into this niche of law.Other examples of businesses that syndicate to raise money.We dive into Regulation D rules: 506(c), 506(b), and Regulation A.What is rule 506(c), and the key pieces to that offering.The option to outbound your marketing or advertise your offer (with rule 506(c)). Investments or people that particularly lend themselves to 506(c).Difference between rules 506(c) and 506(b) and who is investing in them.The 506(b) rule and the key milestones that establish a pre-existing, and substantive, relationship. John's thoughts on syndicators initially moving too quickly and how it negatively affects them later on.We talk about Regulation A and how it differs from 506(c).Some drawbacks of Regulation A.John takes us through what crowdfunding is and the different types available. He talks about working with teams, some common themes, both positive and negative. The importance of having a continuity plan in place.How John manages to be focused and present for all the people in his life.Why Yosemite is an important place for John.How to get in touch with John. Links Mentioned in Today's Episode:John Nieh on LinkedInJohn Nieh EmailJohn Nieh on TwitterJohn Nieh on InstagramTrowbridge Law GroupPatch of LandVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Investing in real estate can be tough, especially when the economy is erratic and the dollar is frustrating the entire world. Today's guest on the Passive Income Through Multifamily Real Estate Podcast, Ken McElroy, has had over two decades of success in real estate investment, runs his own investment company, which owns over 10 000 units, has written best-selling books, and is a well-known speaker at events all over the world. Tuning in, you'll hear all about how Ken got into real estate, where he learned the most about his craft, how he educated himself by surrounding himself with intelligent people and building good business relationships, and so much more! We delve into the dangers of interest rates, the lag effect, the unemployment rate, and the distress being experienced in real estate right now before Ken shares his investment strategy with us and how he gets out of difficult scenarios. Finally, Ken tells us his opinion of the dollar right now and why he would choose to invest in gold or silver outside of real estate. You don't want to miss out on this incredible guest's pearls of wisdom, so tune in now!Key Points From This Episode:Introducing today's guest, Ken McElroy. The unconventional way Ken got into real estate and what made him want to stick with it. How Ken got his property education and how that kickstarted his own career. Why being around smart people was really important to Ken's success and how his limiting beliefs were the barriers to his success.  The importance of building good business relationships, especially in real estate. Where Ken thinks interest rates are going and what the lag effect is.How the unemployment rate affects real estate. Ken shares his company's investment strategy with us. Ken's opinion of the continuum of distress real estate is experiencing right now. He tells us how he got himself out of a very tough situation in his career.Why Ken would choose to invest in gold or silver if he had a million dollars to spend outside of real estate.Links Mentioned in Today's Episode:Ken McElroyKen McElroy on LinkedInKen McElroy on TwitterKen McElroy on FacebookKen McElroy on YouTubeReal Estate Strategies with Ken McElroy on Apple PodcastsMC CompaniesFour Things You Need to be Watching in 2023Vertical Street Ventures ConferenceVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Imagine being a D1 starting quarterback with the world at your mercy, then ending up a drug-addicted burglar living on the streets and being sentenced to life in prison, then leaving prison to become a prolific author, speaker, and college professor. Well, that's the story of today's guest, Damon West, and he is here to tell us all about the power of becoming a coffee bean! We hear about Damon's background and how he ended up in prison before he shares the “coffee bean” tale of a prison encounter with one Mr. Jackson that changed his life forever. Our guest explains what made him receptive to Mr. Jackson's message, how you can avoid following the wrong path, why he decided to join the prison AA group, and what his inspirational book, The Coffee Bean, is all about. The themes explored in the book include being hypersensitive to what you can control and accepting the things that you can't, understanding that your past doesn't define you, learning to forgive yourself and others, and living your life with grace and humility. As a sought-after speaker, Damon teaches us about the power of positioning yourself correctly to gain a better perspective, so be sure to join us at this year's VSVCon to hear more from the remarkable Damon West!Key Points From This Episode:Taking a look at Damon's background, which started as a very privileged life. How he went from D1 starting quarterback to burglar and living on the streets of Dallas. What made Damon receptive to hearing Mr. Jackson's message. How to avoid going down a path that may be harmful to you. How Damon made the decision to join the prison AA group. What his book, The Coffee Bean, is all about.The importance of paying attention to what you think, say, feel, and do. Relinquishing control and accepting what you cannot control. The value of accepting that your past does not define you. How to go about forgiving yourself: start with forgiving everyone else.Why grace and humility are paramount to living a peaceful life. A reminder of VSVCon 2023 on April 28th, where Damon will be one of our keynote speakers!Links Mentioned in Today's Episode:Damon West Damon West on LinkedInDamon West on TwitterDamon West on InstagramDamon West on FacebookDamon West on YouTube The Change AgentThe Coffee BeanThe Coffee Bean for KidsThe Locker RoomHow to Be a Coffee Bean VSVCon 2023Passive Income Through Multifamily Real Estate Facebook Group Jenny Gou on LinkedIn Peter Pomeroy on LinkedInPeter Pomeroy Email

While our focus on this show is multifamily investments, there are powerful adjacent ways that individuals can use the lessons we teach to boost their passive income. Returning to the show today is the inspiring Dustin Heiner from Master Passive Income, and he is a great example of how you can create multiple revenue streams that work in the background and bring in money! In our conversation, we get into what drives Dustin, why property managers are the most important piece of his business and a few of the endless ideas out there for profitable enterprises. Dustin underlines the concept of generating income rather than earning it by the hour, bringing in your own creativity, and broadening our minds and horizons to really stretch our potential. So if you want a big dose of inspiration and helpful advice, make sure to tune in today!Key Points From This Episode:Introducing Dustin and his passion for passive income. Dustin talks about his path into investing in real estate and the important books that helped him.Creating perpetual income by looking beyond purely multi-family investments. Systematizing your business and keeping it simple.  Dustin's thoughts on confronting fears, our need to control, and hiring the right people. Looking at other opportunities for passive income; podcasts, YouTube, and books. Tapping into potential, creativity, and new possibilities for passive income!The value of events and investing in the right kind of networking opportunities.  Dustin shares his approach to mindset and his inherent drive.  A lesson from a near-death experience that Dustin had while surfing in California! How and where to connect with Dustin online and at his events.  Links Mentioned in Today's Episode:Dustin Heiner on LinkedInMaster Passive IncomeHow to Quit Your Job with Rental PropertiesThe Master Passive Income Podcast The Successfully Unemployed ShowMaster Passive Income on YouTubeThe Real Estate Wealth Builders ConferenceRich Dad Poor DadThe Richest Man in BabylonVertical Street Ventures VSV Academy VSVCon 2023Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

“If you want to raise money, you need to get the first deal done at all costs. Just close the first deal, because it instantly gives you credibility.” That is a message from today's guest, the CEO and Co-Founder of Rise48 Equity and Rise48 Communities, Zach Haptonstall. Before entering the multifamily world, Zach tried his hand at many different careers including journalism and healthcare marketing, and in this episode, he explains why he eventually decided to make real estate investing his home. We learn how Rise48 became the go-to for top brokers, what Zach's approach to raising equity looks like (and how it's changed over the years), how investors are navigating the recent interest rate hikes, and how Zach's outlook on sourcing criteria moves with the times. We also speak about Rise48 Communities and how it fits into the greater picture, paying particular attention to how it affects the operations of Rise48 Equity. As we wrap up this inspirational and educational conversation, we discuss the recent rise in entry cap rates before Zach shares his methods of dealing with stress and fatigue and the two things he praises as the reasons for Rise48's success. Tune in today!Key Points From This Episode:What led Zach to focus on multifamily as one of the many career paths he could've chosen. How Rise48 became top of mind with brokers in its efforts to source deals. Zach's equity-raising process and how it differs from when he first formed Rise48.Why investors are asking different questions than they did prior to the interest rate hike.How Zach's approach to sourcing criteria has changed since a year and a half ago. Where Rise48 Communities fits in the company equation (and its operational implications). How Zach is approaching the recent cap rate reversion.The way he deals with the stress and fatigue that comes with his line of work. Zach names two things that have been crucial to the success of Rise48.  Links Mentioned in Today's Episode:Zach Haptonstall on LinkedIn Zach Haptonstall EmailGrace Haptonstall on LinkedIn Bikran Sandhu on LinkedInRise48 Equity Rise48 CommunitiesZH Multifamily on Instagram Success Habits of Super Achievers CoStar VSVCon 2023Vertical CPAVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook Group Jenny Gou on LinkedIn Peter Pomeroy on LinkedInPeter Pomeroy Email

Real estate can be a lucrative and rewarding investment but it comes with many challenges. To avoid pitfalls requires careful management and a willingness to tackle the many challenges of owning and operating real estate, but what does it take to be successful? Keeping up with the latest market trends in real estate can help investors, buyers, sellers, and property owners make informed decisions, manage risk, and achieve better outcomes in negotiations. In this episode, we sit down with Jay Lybik, the National Director of Multifamily Research at CoStar Group, as he shares insights from his long and illustrious real estate career. CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces, where his work focuses on market research and portfolio management through innovative data techniques. Jay is a highly respected thought leader, who has presented at numerous industry events and featured in several prominent publications. In our conversation, we find out the current state of the market, hear insider tips to help you safely navigate the marketplace, and learn how to effectively leverage investments. We also discuss the difference between primary, secondary, and tertiary markets, the challenges that investors are currently facing, ideal market locations, predictions he has regarding market trends, and much more. If you want to stay ahead and be able to make informed investment decisions, don't miss out on this conversation with industry expert Jay Lybik!Key Points From This Episode:Jay's overall thoughts on the current market and what investors should focus on.What trends he expects to see in the marketplace in the next couple of years.We discuss cape rate reversion and how it impacts investors.He shares an example of how to approach investing given the variability of cap rates.Find out how he characterizes the overall real estate marketplace.Why the lines have become blurred between primary and secondary markets.He explains how multifamily real estate has bolstered the marketplace.Hear his predictions for rent growth and what he regards as the best products.Discover what product will protect your investment from rising costs.How he thinks the marketplace can gain more stability in the long run.Links Mentioned in Today's Episode:Jay Lybik on LinkedInJay Lybik EmailCoStar GroupInstitutional Property AdvisorsVertical Street Ventures National ConferenceJenny Gou on LinkedInVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

As of a few months ago, there were $5 trillion sitting in the bank accounts of American citizens. And as Bronson Hill explains in this episode, that is the last place you want your money to be sitting. Because the American economy is upheld by consumer spending, the government has reason to keep people in the dark about inflation levels, but this episode sheds light on what is really going on behind the scenes. Bronson leads Bronson Equity, hosts the Mailbox Money Show, is a coach at Kingdom REI, and the author of How To Use Inflation To Your Advantage, so it's safe to say he knows what he is talking about when it comes to investing during times like these. Tune in today to hear why now is the time to get your money out of your bank account and start making smart investment decisions!Key Points From This Episode:The consequences of inflation.Two advantages of taking out debt.How the COVID-19 pandemic caused a major increase in inflation.Why you shouldn't keep all your money in your bank account, and examples of what you should be doing with it instead.The record amount of money that is sitting in American bank accounts.How the Federal Reserve plans to deal with inflation in the coming months.Why the government doesn't want you to know how high inflation really is.How Bronson's approach to underwriting has changed in the past year.Two factors that are affecting cash flow. The current sentiment amongst investors that Bronson deals with.Bronson explains the mission of Kingdom REI.Bronson's big “why.”A brief synopsis of the Parable of Talents.Lessons that Bronson learned from some of his biggest failures.The role that Bronson's faith plays in his life.Links Mentioned in Today's Episode:Bronson EquityBronson Equity on LinkedInBronson Equity on InstagramBronson Equity on FacebookBronson Hill on LinkedInBronson Hill on YouTubeBronson Hill on InstagramFIBA Pasadena Multifamily on InstagramFIBA Pasadena Multifamily on FacebookMailbox Money ShowHow To Use Inflation To Your AdvantageKingdom REIVSVCon 2023Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

What a special episode we have for you today as we are joined by the Managing Partners of Vertical Street Ventures (VSV), Jenny Gou, Steven Louie, Kyle Mitchell, and Kiyoshi Simon! The quartet is here to explain how VSV became one of the most recognized investment firms and educational platforms in the multifamily space. Our guests attribute a huge part of their company's success to the way they've prioritized professional development, especially because the focus of these programs has shifted over the years to align with their current circumstances, and we learn why they would not have reached their present heights if they had not implemented development programs from day one. We then hear about the accomplishments from the past year that Jenny, Steve, Kyle, and Kiyoshi are most proud of, including the VSV Academy and two Amazon bestsellers!  Finally, the VSV team shares what has contributed the most to their company's growth and success, why complementary skill sets among colleagues are important, why mentorship is vital, what they're most excited about in the next six months, and some words of advice for anyone in real estate who is looking to build a prosperous team. Key Points From This Episode:Introducing VSV Managing Partners Jenny Gou, Steven Louie, Kyle Mitchell, and Kiyoshi Simon. The role that professional development has played in VSV's growth and success.Comparing the focus of their development programs from when they first started to now. The importance of investing in professional development programs from day one.  What they're most proud of in their last year of accomplishments: The VSV Academy, relationships with investors, Vertical CPA, and The Overnight Millionaire and Lottery.The emotions that come ahead of a big product launch. What our guests say has contributed the most to their company's growth in the last year.The undeniable value of recognizing and utilizing complementary skill sets among colleagues.Why mentorship matters. Some advice for those in real estate who are looking to build their team. What the VSV Managing Partners are most looking forward to in the next six months. Links Mentioned in Today's Episode:Jenny Gou on LinkedIn Steven Louie on LinkedIn Kyle Mitchell on LinkedIn Kiyoshi Simon on LinkedIn The Overnight Millionaire LotteryVSVCon Vertical CPAVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Our episode today is jam-packed with great conversation and thought-provoking content. We start off the show with a quick chat to broaden the conversation on the value of learning, with VSV managing partner, Jenny Gou. We then dive into our interview with Neal Bawa, aka The Mad Scientist. Neal is the CEO and Founder at UGro and Grocapitus, two commercial real estate investment companies. Neal's company's use cutting edge, real estate analytics technology to source, acquire, and build large commercial properties across the US. Neal is an incredible educator with tons of content on his website. As you tune in, you'll get valuable insights into what's happening in the economy and real estate markets, we talk about interest rates, SOFRs, and spreads, and the influence they have. Neal shares what they are focusing on in terms of product types and their predictions for cap rates, he also shares a harrowing death story from his real estate journey. For all this, and more, tune in now! Key Points From This Episode:How Neal got the nickname The Mad Scientist. We dive into one of the big issues of today; Neal's thoughts on the economy.Neal's thoughts on the timing of how interest rate increases impact the economy.We talk about SOFRs and spreads and their impact.What is required for spreads to drop; what lenders need to watch for.Grocapitus' perspective of making investments now; pencils up or down and why.Their predictions for cap rates.The product type they're most focused on for the next 9 months.His thoughts on the Facebook/ Google layoffs (etc.,) as an indicator of something ominous ahead.A harrowing death story from Neal's real estate journey; dealing with seemingly insurmountable challenges.Where Neal would invest a million dollars, outside of physical real estate.Links Mentioned in Today's Episode:Neal Bawa on LinkedInNeal Bawa on InstagramMultifamily UniversityJenny Gou on LinkedInVSV Conference 2023Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Jerome Maldonado is a business owner and real estate investor. From humble beginnings, he was able to build what is now a multimillion-dollar name for himself. In this episode, Jerome discusses what the 2008 recession taught him (and how he survived it), the importance of scaling, why there is security in large numbers, what he believes people are looking for in affordable housing right now, and why it is time to get rid of your ‘get rich quick' ideas.  You will hear Jerome's 2023 real estate predictions, the impact of an almost catastrophic car crash, how he is able to spot an opportunity and monetize it, and the different ways in which he can problem-solve in challenging business and economic situations. Investing in both commercial and private real estate and having experience in retail development and construction, this episode is full of motivation, encouraging advice, and inspiring insight you won't want to miss!Key Points From This Episode:Some important milestones that led to Jerome's business success.Jerome's experiences during the 2008 recession.Businesses and real estate Jerome has invested in.Jerome's business experiences owning and leasing franchise stores.A look at the affordable housing model Jerome uses.Why there is more to Jerome's story than the audience knows. When investors are able to take ownership of businesses.How Jerome's problem-solving and solution-based thinking have led to his success.Jerome's parents: his inspiration for working hard and the lessons they taught him.How an almost catastrophic car crash has been a point of reflection in Jerome's life.Jerome's words of advice for new investors.The power and importance of mindset and Jerome's tips for strategic investing.Jerome's relationship, experiences, and advice for overcoming fear.Attributes/traits that Jerome believes create success.What Jerome believes makes a successful business partnership.Links Mentioned in Today's Episode:Jerome MaldonadoJerome Maldonado on TwitterJerome Maldanado on LinkedInJerome Maldonado on InstagramJerome Maldonado on YouTubeVertical Street Ventures National ConferenceVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

No matter where you are in your journey in life, business, or the real estate game, utilizing the service of a high-performance coach will always provide a massive boost. We all face challenges and setbacks, and the more we can embody presence and occupy the driver's seat, the more we will be able to progress toward our dreams. Today's guest is the truly amazing Siri Lindley, author of the new book Surfacing: From the Depths of Self-Doubt to Winning Big and Living Fearlessly, and groundbreaking high-performance coach. In our conversation, we get to hear about Siri's unique journey, sports career, her particular struggles, and the important relationship she has built with Tony Robbins. We discuss the concepts of resilience, motivation, and the stories we tell ourselves, so if you are ready for a fresh shot of motivation, and a look at how coaching can change lives, press play now! Key Points From This Episode:Siri talks about her path to her current work as an author and high-performance coach. Understanding failure, success, and progress. An explanation of high-performance coaching and who it is designed for.  Escaping feelings of being stuck; Siri talks about the first steps and challenges of providing motivation. The strategies that Siri utilizes when helping clients go to the next level.   The central role of resilience in Siri's work and personal journey. Siri's vision of how our values and passions can change the world around us. Words of encouragement from Siri about taking control of our lives and overcoming hurdles. How and where you can learn more about Siri and her services! Links Mentioned in Today's Episode:Siri LindleySurfacing: From the Depths of Self-Doubt to Winning Big and Living FearlesslySiri Lindley on InstagramSiri Lindley on FacebookSiri Lindley on TwitterVertical Street Ventures National Conference 2023Tony RobbinsVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Today the main focus in investment and in life, in general, seems to be on debt and finding a way to meet those maturity dates. Joining us today on Passive Income Through Multi-Family Real Estate is the founder of Lone Star Capital, Rob Beardsley. Rob has evaluated thousands of opportunities, is an incredible speaker, and has published two books on underwriting and debt. Tuning in, you'll hear all about Rob's background and what led him to starting his company, what Lone Star Capital does, where their focus is, and much more. We also discuss transaction activity and what caused its decline, the cash flow problems you may face in escrow, buying a deal with negative leverage, and different types of equity. Rob goes on to explain why the main thing on everyone's mind is debt before explaining why it is the biggest source of risk in deals. We even delve into what kinds of partners he works with, how he manages their expectations, and how he handles tough situations. Finally, Rob shares some advice for aspiring capital partners about building connections. You don't want to miss this one!Key Points From This Episode:An introduction to today's guest, Rob Beardsley. How Rob got into founding an investment company and why he chose multi-family. Rob tells us about his company, Lone Star Capital.Why he chooses to focus on Houston and Dallas. Rob reminds us that the grass isn't greener on the other side, even if it looks like it is. The decline in transaction activity and what caused it. Why he doesn't think there will be a large distress opportunity in our current financial climate.Why everybody's focus is on debt. The cash flow issues that come with escrow. Why debt is the biggest source of risk in any deal and why longer-term debt is safer. Rob shares his thoughts on buying a deal with negative leverage. The different types of investors and equity. How Rob manages his investors' expectations so they are realistic. The types of partners Lone Star Capital works with. Rob shares some advice for aspiring capital partners. He tells us about some stressful deals and how he handled them. Links Mentioned in Today's Episode:Rob BeardsleyRob Beardsley on LinkedInRob Beardsley on TwitterRob Beardsley on InstagramLone Star CapitalThe Definitive Guide to Underwriting Multifamily AcquisitionsStructuring and Raising Debt & Equity for Commercial Real EstateVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Sometimes, settling for B-class assets, fostering fewer investment relationships, and focussing on landlord environments can make you very successful in real estate. Today's guests are experts at doing just that! They have over 22 years of experience and have gone on to create an amazing company, Andover Holdings. In this episode, Alan and Elena Neely talk all things investing, goal-setting, business relationships, and so much more! They walk us through their very own business model, explain why they focus on class B assets, talk about why they choose new construction over remodeling, and tell us their plans for 2023. The couple even tells us what they believe a good investment consists of before delving into the power of a made-up mind. So if you want to be inspired to start earning good money through investment, tune in now!Key Points From This Episode:Introducing today's guests, Alan and Elena Neely. How and why they got into investing.Our guests explain their company, Andover Holdings' business model. Why the Neely's want to focus on landlord and business-friendly environments.They share their thoughts on investing in different quality and asset classes and why they like class B. Why they got into developing townhomes in Seattle. The Neely's take us through a hypothetical high-level development project.Why they are so happy to bring on investors instead of dealing with the bank. They explain why new construction is easier than remodeling an old house. What, according to the Neely's, makes for a successful investment. The importance of having deep business relationships rather than many shallow ones.Why they are optimistically cautious this year and what their plans are for 2023. Alan explains the power of a made-up mind and how you can tap into it. Elena shares how goal-setting has played a role in their marriage. Links Mentioned in Today's Episode:Andover HoldingsAlan NeelyElena Neely on LinkedInBrian Buffini PodcastAlan and Elena Email AddressVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

The market crash of 2008 had broad economic impacts that placed livelihoods under pressure. The plunging market caused people to reconsider their career paths and seek alternative sources of income. Today's guest, Don Spafford, was originally in finance and focused on investment securities; however, the market crash forced him to contemplate his career trajectory. He ultimately found his way into real estate investing, starting with a humble portfolio that has grown exponentially over a short period of time. In this episode, we uncover Don's secret to success and discuss his real estate investment career. We talk about the moment he realized that real estate investment was worth the risk, how he was able to purchase his first property with very little capital, and how real estate got him interested in commercial property. We learn about his approach to risk aversion, details of how Happy Campy Capital operates, the benefits of investing in a campground or RV park, and how he monetizes campgrounds. Hear insights into how to be successful in commercial property, how to grow your network, advice for investors who want to form a team or partnership, and much more. Tune in, and discover the opportunities of commercial property and how to leverage it with Don Spafford!Key Points From This Episode:Background about Don and his real estate investment journey.What motivated Don to consider real estate investing as a career.A useful resource and community that helped him excel from the start.The factors he used to determine whether the investment was worth the risk.Learn about the Happy Camper Capital business model.Hear the reasons RV parks and campgrounds are worthy investments.An overview of the value-add amenities that attract people to Don's campgrounds.He shares details about other income streams associated with campgrounds.Find out whether there are different levels or classes of RV parks.Don's goal when acquiring a commercial property like a campground.The common attributes that Happy Camper Capital investors share. Don explains why people choose to invest with Happy Camper Capital.Discover the return that investors can expect from working with Don.The avenues available to begin investing in RV parks and campgrounds.Advice for investors who want to be a part of a team. The impact Don's faith has had on his business career.Links Mentioned in Today's Episode:Don Spafford on LinkedInDon Spafford on FacebookHappy Camper CapitalBiggerPocketsAdam Lendi on LinkedInJustin Hoggatt on LinkedInVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Many real estate investors' goal is to transition from part-time turnover to full-time passive income. Our guest today retired from the Marine Corps and is now a full-time apartment investor. Brian Briscoe is a member of the Streamline Capital Group, the Director of multifamily investing community, The Tribe of Titans, and the host of the Diary of an Apartment Investor podcast. In this episode, Brian shares his advice for evaluating potential general and/or operating partners and breaks down the value of the CEO structure. We learn about his entry into real estate, the respective goals of his various endeavors and how he manages them all concurrently, and his advice for aspiring apartment building sponsors. Tune in for insight into the state of investors today and Brian's philosophy on action-based faith.Key Points From This Episode:Introducing full-time apartment investor, Brian Briscoe.Brian's marine corps background and introduction to real estate.How he got into multifamily and his activity in the market today.Brian's past and present roles within Streamline Capital Group.The bridge between Streamline Capital Group and The Tribe of Titans.An overview of the multifamily investing community, The Tribe of Titans: what it is, what motivated Brian to start it, and who it was designed for.Brian's motivation to start his podcast, Diary of an Apartment Investor. The creative, relevant format of the podcast.How Brian concurrently manages his multiple endeavors.His advice for evaluating potential general and/or operating partners.The value of the CEO structure and dividing functional areas within that structure.The state of investors today: risk tolerance and future concerns.Advice for aspiring sponsors.The role of faith in Brian's life and career.Links Mentioned in Today's Episode:Brian Briscoe on LinkedInBrian Briscoe on InstagramBrian Briscoe on TwitterStreamline Capital GroupThe Tribe of TitansDiary of an Apartment Investor with Brian BriscoeRich Dad, Poor DadVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Our guest today on the podcast is Jeff Greenberg, the CEO of Synergetic Investment Group, SIG. Through his SIG wealth fund, a diversified and customized equity fund, SIG provides the opportunity for high-net-worth individuals to passively invest in commercial real estate with best-in-class commercial deals and syndicators. As listeners join in, they'll hear from Jeff about how he got into real estate and why he went into creating a fund. He shares with us the different opportunities associated with his fund, then talks about how to identify and find new sponsors. We touch on the impending recession and how it is affecting investor needs. For all this and more, tune in to the Passive Income Through Multifamily Real Estate podcast now!  Key Points From This Episode:We hear Jeff's high-level story about getting into real estate.Why and how he got into creating a fund.Why flexibility is a key tool to have in your toolbox.Jeff talks about the SIG Wealth Fund; what it is and how it's structured.Why a customizable fund created excitement in Jeff. Tax associated with leaving distributions in the fund.Jeff talks about an SPV; a fund-to-fund model. We talk through a hypothetical example of a Hard Money Loan.The different opportunities one might see in Jeff's fund.How to identify and find new sponsors.Ingredients or elements that he has found are present in his most successful partnerships with sponsors.The “Avatar Investor” and other common attributes to look for in investors. How the recession is affecting investor needs, according to Jeff.Advice for aspiring sponsors; for those who want to invest with Jeff.What Jeff has learned to do to maintain his overall well-being and to perform at his best.Links Mentioned in Today's Episode:Jeff Greenberg on LinkedInSynergetic Investment GroupJeff Greenberg EmailE-bookAshley Wilson (Bar Down Investments)Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

From humble beginnings and short-term paralysis to full health and a seven-figure salary! That is the journey of today's guest, real estate investor and Airbnb coach, Jorge Contreras. Jorge overcame his troubles of the past and used determination, discipline, and an insatiable will to learn to retire at 29 and become a millionaire the next year!  He walks us through how he became an investor and pays close attention to what pulled him toward Airbnb, before detailing what was going on in his mind when he made his first major investment of $35,000. We discuss the differences between Airbnb subleasing and arbitrage, how to approach landlords to sublease their property, how Jorge chooses his investment locations, the tenants he typically encounters, and why his single-family-home business model is a recipe for success. In the panic surrounding the imminent recession, our guest explains why Airbnb is still a winning bet, although you must have the mental fortitude required to take full advantage of this unique economic situation. Do you think you can become a 6-figure Airbnb Sublease champion in just 5 days? Join Jorge's 5-Day Airbnb Launch Challenge and find out! Key Points From This Episode:A warm welcome to today's guest, real estate investor and Airbnb coach, Jorge Contreras.How Jorge got into real estate investing, Airbnb, and his other investing ventures. What it was like for him when he made his first big investment of $35,000.The difference between Airbnb purchasing and arbitrage. What to consider when approaching a landlord to sublease their property. Why some landlords raise their prices for Airbnb subleasing and others don't. The average Airbnb stay duration.How Jorge chooses his locations and the types of properties he invests in.His single-family-home business model and why it's a vehicle for success. ‘The type of tenants he commonly sees at his Airbnb's.Why being based in primary locations will help you in times of global financial unrest. What it costs to furnish one of Jorge's units and how he decides if the price is worth it. Why it's still a good time to get into Airbnb subleasing, even amidst recession fears.How to balance working in your business and working on your business. Be sure to check out Jorge's amazing 5-Day Airbnb Launch Challenge! Links Mentioned in Today's Episode:Jorge ContrerasJorge Contreras on LinkedInJorge Contreras on TwitterJorge Contreras on InstagramJorge Contreras on FacebookJorge Contreras on YouTubeJorge Contreras on TikTokJorge's 5-Day Airbnb Launch Challenge MashvisorAirDNATony RobbinsVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Qualified opportunity zone funds boast the incredible benefit of possible tax-free returns, and joining us today to share more on the topic is mortgage banking juggernaut, entrepreneur extraordinaire, life-coach, speaker, and Co-Founder of Cyrus Opportunity Zone Fund, Mike Hardy. Mike has over two decades of experience in securities, mortgage banking, and fund management, managing over $500 million in annual funding volume, and he tells us exactly how he found his way to mortgage banking. Then, we discuss his fears around the impending recession, why he believes that the housing market will not crash, what a qualified opportunity fund (QOF) is, and what his company does, with a close examination of the mechanics behind investing in a QOF. Mike explains the products that his company offers, its target market and ideal investors, and why it will probably add a debt service to its offerings in the near future. We end this inspirational, informative episode with our guest sharing his secrets to success of being an overachiever while still maintaining a healthy work/life balance.  Key Points From This Episode:Introducing today's guest, entrepreneur, and mortgage banking expert, Mike Hardy. Mike's professional background and how he got into mortgage banking. Whether Mike thinks that we are in a similar state, pre-recession, like in 2007. Our guest's view on why it's unlikely that the housing market will crash. The Cyrus Opportunity Zone Fund (COZF): what a qualified opportunity fund is and does. How Mike's fund offers flexibility without compromising the integrity of the investment.A closer look at the mechanics of investing in an opportunity zone fund. The tax implications of a qualified opportunity fund. How an investor's withdrawal of their money is valued in the fund. The markets Mike's company is targeting, and its product type. Three countries that COZF is focused on servicing, and why. Why COZF does not use debt and why it probably will in the future.  Mike's ideal investor. Why the impending recession is not influencing the decisions of Mike's investors. How he is able to maintain a healthy work/life balance as an overachiever: the core four. The ways you can become a high achiever if you currently believe that you're not one.  Links Mentioned in Today's Episode:Mike Hardy on LinkedIn Mike Hardy on Twitter  Mike Hardy EmailChurchill Mortgage Cyrus Opportunity Zone FundVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Successfully unemployed at 37, our guest today, Dustin Heiner, is on a mission to help everyone successfully quit their job. Through his various channels, including his company and best-selling book, Dustin has become one of the leading experts in real estate helping students become successfully unemployed! As you tune into this episode of the Passive Income Through Multifamily Real Estate podcast, you'll hear from Dustin about what shoved him into becoming a real estate investor and the concept of being unsuccessfully unemployed. He shares with us why now is the best time to invest, why he's involved in side hustles, and what the most important characteristics are for becoming successfully unemployed. He leaves listeners with advice on why buy, hold, and cash flow is the best way to go!Key Points From This Episode:Dustin shares his personal journey towards being successfully unemployed.What shoved him into becoming a real estate investor. Dustin talks about the concept of being successfully unemployed. The types of apartment buildings that lead to financial freedom, according to Dustin.He touches on the syndication model and how it differs from his strategy.Dustin shares his “rule of thumb” [metric] for cash flow per property.He describes his typical coaching student. His advice on when to wait or when to take action in the world we are currently in. Two reasons why right now is the best time to invest.Dustin talks about his current side hustles!Characteristics essential to becoming successfully unemployed.Important advice from Dustin given the world we live in. Links Mentioned in Today's Episode:Dustin Heiner on LinkedInDustin Heiner on TwitterMaster Passive IncomeRewbcon: The Real Estate Wealth Builders Conference Successfully UnemployedHow to Quit Your Job with Rental PropertiesSuccessfully Unemployed BookSuccessfully Unemployed YouTubeMaster Passive Income PodcastText R-E-N-T-A-L to 33777Free CourseVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Just a few years ago, Zack Boothe was cleaning windows for a living. Today, he lives his dream as a real estate investor making over a million dollars per year and helping others to see how simple it is to make money from real estate. He is here today to share his insider's secrets to finding massively discounted properties, regardless of your experience level. Tune in to hear his story of finding wholesaling success through the game-changing resources and relationships he found along the way. There is a lot to learn from this inspiring industry leader, who attributes the mindset that led to his success to his upbringing, having become independent at the age of 16. Hear what motivated him to make the changes that led to his success, why wholesaling is such a low-risk avenue, and learn from his experience of the 40 Day Challenge. Get some insight into the simple rules that guide his decision-making, what he envisions for the next three years and more. Thanks for tuning in! Key Points From This Episode:An introduction to Zack Boothe, a real estate investor making over a million dollars per year. His story of becoming independent at 16 and working hard to buy his first truck. How reading Rich Dad, Poor Dad at the age of 14 influenced his ideas around work and money.The story of opening a window cleaning business.What led him to dissolve the business and change direction. What he learned from Tom Krol about wholesaling and pawn shop for houses. The story of how real estate investing changed his life. How he is approaching wholesaling in a dropping multifamily marketing.Why wholesaling is such a low-risk avenue.What the 40 Day Challenge he did involved. How Vertical Street Ventures can support you with a hands-on coaching system.Why he only works with high investor traffic areas. His rule: if you're changing the script to talk to a family member or friend, you're doing it wrong.Zack's suggestion: if you have 60000 people within an hour's drive, your market is big enough.Why wholesaling is like building a lego set.How coaching has changed his life.The filter Zack uses to establish if a coach is right for you.Zack's goals for the upcoming three years. Where to watch Zack's 40 Day Challenge where he makes $93,000 in just 40 days.Links Mentioned in Today's Episode:Zack Boothe on InstagramZack Boothe on TikTokZack Boothe on YouTubeBook a Call with ZackDriving for Dollars MasteryRich Dad, Poor Dad Tom Krol on LinkedInWholesaling Inc. The 21 Irrefutable Laws of LeadershipVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Valerie Shirah is a mom who homeschools her three kids and manages multiple businesses. Today she joins us to share how the services of a virtual assistant help her to juggle her many responsibilities. In this episode, she explains how her husband's Parkinson's diagnosis first led her into the world of real estate investment, how she discovered the value of using a virtual assistant, and why she is now so passionate about helping other investors manage their time and experience massive growth through the use of virtual assistants. She explains how her company, The Streamline Team helps people identify where a VA may be able to lighten their loads, how VAs can help with capital raising and social media management, and some of the best practices for working with a VA. She also talks about how to overcome the struggles of letting go and trusting someone else with an important aspect of your business, something entrepreneurs commonly struggle with. For all this and more, tune in today!Key Points From This Episode:How Valerie's husband's Parkinson's diagnosis led her into the world of real estate investment. Why they chose multi-family and short-term rentals and what they like about midterm rentals.The common characteristics of Valerie's clients and the services she offers.How Valerie helps her clients understand the value of a VA.How you can identify where a VA may be able to lighten your load. Ways in which a VA may be able to help in capital raising.How a VA can help you manage your social media.Why you should create your social media with your ideal client in mind. How The Streamline Team is different from other companies that offer VA services. The best practices for working with a VA. How you manage the time zone difference if your VA is in the Philippines. Why it's so important to consider communication styles when matching clients to VAs.How to overcome the struggles of letting go and trusting someone else with an aspect of your business.  How Valerie maintains her stamina and stays energized and encouraged. Valerie's definition of success and how this has changed over the years.Links Mentioned in Today's Episode:Valerie Shirah The Streamline Team  The Wealth Building Network Valerie Shirah on FacebookVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

It is time to understand what it means to actively own and walk the process of having units, not just use your investments as boasting rights and career leverage. Charles Dobens, a multi-family investor, explains how he successfully built a law practice, why felt drawn to create a coaching program, and how the 2008 financial crisis paved the way for his journey. Having started his career in investment at the very bottom, Charles recalls the struggles, successes, and failures that got him to where he is today. He gives advice on how to retain your investors and manage brokers, why every business requires capital, and some free (but very useful!) coaching tips. If this episode doesn't inspire you to start taking action, get hustling, and stop being a spectator, nothing will!Key Points From This Episode:How Charles began investing in multifamily units.Why he ended up studying at law school.When he decided it was time to start investing in property (and how he did it!).The lessons Charles learned with his first investments.Why and how you can take action.‘Go big or go home' is not for everyone.How to think about the market right now.The difference between being an investor and a spectator.The impact of the 2008 financial crisis.Why you need to understand sales and marketing.Noticeable attributes or characteristics of successful investors.Advice for a person who is a GP (General Partner) with only one or two deals.Links Mentioned in Today's Episode:Charles Dobens on TwitterCharles Dobens on LinkedInMultiFamily OSOfferedVertical Street VenturesPassive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

When the financial crash hit in 2008, it was a huge shock for the country. Similarly, the COVID-19 pandemic was an unanticipated (and unprecedented) event, the effects of which continue to be felt by the entire global economy. The current economic downturn that we are experiencing, however, is somewhat different as it is something that has been predicted for months, giving us more time to adapt and strategize. No one is more aware of this than today's guest, Jeff Davis, whose work for a global logistics firm has given him unique insight into how changes in global supply and demand are impacting the global economy. We chat with Jeff about his history in sales, why passive income through multifamily real estate doesn't need a hard sell, and what he has learned from investing in real estate. Jeff also shares his resistance to social media and how he found an assistant that could help him put his business out there. To learn more about Jeff's career and how he is achieving his goals, make sure you tune in today!Key Points From This Episode:Introducing today's guest, Jeff Davis, owner of Bridgestone Capital.How the 2008 financial crisis compelled Jeff to venture into real estate.The role of cash flow and appreciation in the real estate business.The difference between 2008 and the current economic downturn.Learn about Jeff's work at a global supply chain logistics company.Jeff's insights into global supply and demand during the COVID-19 pandemic.Why there has been a delay in inflation caused by the COVID-19 pandemic.Learn about Jeff's company, Bridgestone Capital.What Jeff looks for in an operating partner.Jeff's advice to aspiring capital advisors.Why Jeff considers salespeople to be his target investors.Why Jeff struggles with incorporating social media into his business.How Jeff found a virtual assistant (VA) to help him elevate his social media.The amount of money Jeff raised during his last deal.How much Jeff wants to be able to raise on a deal-by-deal basis in the next three years.The role that Jeff's Christian faith has played in the context of his business.Links Mentioned in Today's Episode:Jeff Davis on LinkedInBridgestone CapitalOnline Jobs.phMultifamily AdviceVertical Street VenturesPassive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Our goal is to help you get educated on how to create passive income for you and your family, using real estate as your vehicle. Joining us in conversation today is Ethan Gao, a real estate investor and key principal, where he guarantees loans and provides interim capital. During our conversation, he tells the story of leaving his career in the legal profession and realizing that he could make money by simply signing on loans. Hear why he became a life insurance agent and why he places so much value on having a good team. We explore what Ethan has learned along the way, why there is a growing need for creative financing, and what he requires from people before supporting their financial process. Ethan also partners with his financial adviser, Luke, and together they own portfolio companies. Join us to hear some powerful insights from Ethan's experience that you can learn from today! Key Points From This Episode:Background on today's guest, real estate investor and key principal, Ethan Gao.The story of how he graduated at 19 before getting a graduate degree and working as a legal practitioner.What prompted his movement into interim financing. Ethan's impetus for stepping out of his career track to pursue real estate.How guru groups and masterminds inspired him to get involved with investment.The realization that signing on loans could make money, and how it came about.Why he became a life insurance agent.Ethan's perspective on the importance of a good team. The art of finding the right people to work with.Why personality fit is so important. How Zoom has made it possible to ‘meet' someone without meeting them in person.His belief that it's relatively simple for people to boil down who they are.The ‘just be yourself' principle and how it benefits everyone involved.Why Ethan ignored red and yellow flags at the start of his career.Ethan's thoughts on the multiple aspects of today's KP landscape.The need for creative financing and how Ethan has provided short term capital.Ethan's investment thesis and what he requires from his clients.Why he requires a strategy and evidence from everyone he works with.The story of how Ethan began to partner with his financial advisor, Luke.How they came to own portfolio companies together.Why Ethan advises people to create relationships with KPs immediately.How Ethan's ‘why' differs from other people's.Links Mentioned in Today's Episode:Ethan Gao on EmailEthan Gao on LinkedInGood Bull InvestmentsVertical Street VenturesPassive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email