Rigs to Real Estate

This week I sat down with oil and gas entrepreneur and seasoned real estate investor Max Gagliardi to talk about the ins and outs of investing in short term rentals in Qualified Opportunity Zones (QOZs).  Max had some great insight into how QOZs work plus some fascinating advice for developing multiple passive income streams utilizing skills developed in the O&G industry. This week's show is a must-listen!

This week I sat down with Marshall Sykes who recently retired after spending 30 years in large scale oilfield project management. Marshall is taking this opportunity to focus full-time on growing his already substantial multifamily real estate holdings. We discuss the challenges and benefits of transitioning to full-time real estate investor, and the big plans he has in the near future! 

Jeremy Adrian and David Little are the owners of Crown Capital Resources, a hard money lender based out of Houston, TX. Together, they have leveraged skillsets developed from managing multi-billion dollar assets in the oil and gas industry to establishing a rapidly growing hard money lending business. 

Brian Pownall is a petroleum engineer with experience in O&G acquisitions and divestitures. We had a great chat about his experience transitioning underwriting skills sharpened in the O&G industry to underwriting multifamily assets and how patience and persistence helped him and his partners take down their first deal in the scorching hot Austin, TX market. 

This is a recast of a great conversation I had with Tim Loser and Jeremy Funk on their Tripping Over the Barrel Podcast. 

Bernard is an expert in integrating and executing investor tax products with a focus on self-directed retirement accounts (QRP, SDIRA, Solo 401k, IRA-LLC, IRA-Trust, etc.) and 1031 exchange. Bernard helps investors get it right the first time for optimal tax results, while avoiding concealed pitfalls. 

Today's guest, Brent Bowers, is an investor and coach with a focus on buying and selling vacant land. As an Army Officer with over 8 years of service, Brent was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. Brent began investing in real estate as a way to support his family while having more time to spend with them.

Dr. Roderick Capelo is a pediatric orthopedic surgeon and seasoned multifamily investor. Although being a physician seems like a stable profession on the surface, Dr. Capelo gets candid about the challenges physicians face and how devastating the pandemic shut downs could have been to his career and practice had he not had critical income from his investments in real estate. 

This is a replay of a great conversation I had with Ben Samuels on the Coffee and Liquidity Podcast. We talked a little about my story and a lot about how to create steady passive income to help offset the ups and downs of our industry!

Keli owns and operates the Smart Money Academy for young adults where she teaches the principles and values of money to the next generation of youth. On today's show we talk about how Keli teaches from experience after taking two years to dig out from under a massive debt of her own, how to start talking to your kids about money, and how you need to be open about your finances and decisions with your children from an early age. 

Jay Parsons is the Deputy Chief Economist at RealPage which is the premier data analytics company for the rental real estate industry. Jay joins me on the show to give an all-encompassing update on the state of the multifamily and single family rental industry. We chat rent growth, best and worst performing markets, up and coming markets, and we take a peek into Jay's crystal ball of what's to come for the asset class!

This interview with Eric Thibodeaux is one you CANNOT miss! In Eric's 31 years working as an HSE Manager in the O&G industry he has seen 34 rounds of layoffs. He turned to real estate to help provide stability and has since owned single family and multi-family rental properties as both as a syndicator and passive investor since 2009. Now he's shifting his focus toward short-term vacation rental management and ownership on the Gulf Coast and is even starting a fund to help scale the vacation rental business. 

This week I'm joined by Whitestone VP of Capital Markets Alicia Miller to chat about her fund's big moves in the world of single family section 8 housing. We discuss the bias around section 8 rentals, market selection, how their finding 1000+ acquisitions each year, and how they're returning a great yield to their passive investors.

Van Sturgeon is a real estate investor and general contractor who has seen it all through his 30+ years of experience in the industry. Today he helps new real estate investors gain the confidence to perform value-add renovations on their properties. Van tells us the secrets behind a successful project: having a clear goal in mind, filtering out needs vs wants, having a proper scope of work, and the keys to attracting quality craftsman for your reno. 

In this episode I outline my favorite real estate and mindset related books. 

Skyrocketing player salaries profoundly altered the economics of professional baseball in the early 2000's and ushered in an era dominated by wealthy teams like the Yankees and Red Sox who could afford to acquire the game's biggest stars on the free agent market. The Oakland A's recognized critical inefficiencies in how a major league player's salary was valued and exploited this inefficiency to build a perennial play-off contending team while spending 90% less than the competition.  As real estate investors, it's critical that we properly assign value to statistics and KPI's that have the highest influence on future returns and avoid overpaying KPI's that contribute less to the bottom line. 

This week I caught up with Taylor Frcik (Ep. 30) and his business partner Jacob Dearmon to hear their story behind scaling from single family rentals to 20-40 unit apartment buildings.  We dive into their recent 20 unit acquisition and some incredible lessons they learned along the way. This is a great episode for those of you on the fence about whether to start looking at larger, more efficient properties!

Marcus Arredondo is a real estate broker and multifamily investor who has used cash-flowing real estate to smooth out the ups and downs of his commission-only career. Marcus talks about the lessons he learned in 2008 that led him down the path to real estate investing, and he reveals his mindset secrets that have led to his success. 

This episode answers one of the most common questions I'm asked by potential investors: Should I join as an individual, jointly with spouse, or create an LLC to invest passively in a real estate syndication. The answer is clear and simple: it depends!  Listen to the full episode to hear the most common ways in which you can invest passively in a real estate syndication. 

This week's episode is a recast of a great conversation I had with Justin Gauthier on the Oil and Gas Onshore Podcast. I highly recommend checking out his podcast because there is some great content to be found!

Tyler Pittenger is an O&G professional who began investing passively in multifamily real estate after seeing what the financial crisis of 2008 did to his investments and the O&G industry. After ten years of investing, Tyler is a limited partner in over 2000 units and his first capital investments are currently on their third generation. We talk about how important it is to vet the sponsors behind the deal, why some investments performed better than others, and the importance of consistency to achieve success.

Carmen Dettloff is a mathematician turned entrepreneur and real estate investor who learned first-hand the importance of having multiple income sources. Many gym franchisees and owners have struggled to keep the doors open after business dried up overnight during the pandemic. As an owner of several gym franchises, the situation for Carmen would have been dire had it been her only source of income. She comes on the show to talk about how passive income from real estate gave her the cash and confidence to weather the storms in her path.  

Experienced real estate investor Chris Prefontaine joined me on the show to discuss his unique approach to securing financing from deals. After several tough lessons learned in the 2008 downturn, Chris re-engineered the way he invested in real estate to no longer personally sign on bank loans for any of his properties. Instead, he negotiates seller financing with principal-only payments in order to get paid THREE times on each deal! 

This week I sat down with Keeley and Tracey Hubbard to discuss a 236 unit apartment complex we recently partner on in Lubbock, TX. We discuss the major lessons learned and necessary steps required to take down a deal of this size. 

Nicole is a former O&G professional who has set her sights on using real estate to fulfil her goal of helping struggling single mothers in her community. We talk about her plans and how she learned early on that helping others will always be a stronger driving force than seeking profits to achieve your goals.

Jefferson is a self-made millionaire real estate investor in mobile home parks who has purchased nearly $100MM worth of MHPs, generated double-digit returns for his 200+ investors, and expanded the supply of affordable housing. We talk about how Jefferson transitioned from the boom or bust tech industry into the stable cash flow of mobile home parks.

History shows that forest fire and economic downturns are inevitable, so should we continue to suppress them or allow them to occur naturally?

Lane Kawaoka joins me on the podcast to discuss how he grew his portfolio from a handful of single family rentals to over 4200 multifamily units since 2016. We talk about why engineers are naturally drawn to real estate and seem to enjoy more success in the space than people with other backgrounds. We also talk about actionable steps one can take to get started in multifamily real estate.

I wanted to do a recast of what I think is one of the most important episodes I've done so far. I discuss my six-question framework that has proven time and again to help new investors get unstuck from analysis paralysis and start making progress on their journey to financial freedom. Action is the remedy. Movement leaves fear in its wake. By the end of this episode you will have clarity on how and where to get your journey started.

Paul Moore joins me on the show to talk about how an unsuccessful venture in O&G ultimately led to a successful career in the realm of commercial real estate investing. Paul's story is an incredible example of the power of being willing to take risks and quickly learning from mistakes if the going gets tough. 

This week I was joined by career columnist and resume expert Amanda Rico to talk about rebranding skills and experience for different career paths. She shares some simple, actionable advice that could help anyone transition to a new career or industry. This show isn't just for those who are currently searching for work, these are things we should all be thinking about!

In the episode we take a deep dive into the world of real estate tax advantages and write-offs with cost segregation expert Brian Bigham. Brian is the Associate VP for Madison SPECS and he and the company have done over 16,000 cost-seg studies in all 50 states saving over $2 Billion in accelerated tax depreciation. Whether you own one single family rental or a portfolio of large multifamily building's you're going to want to listen to this episode!  

In this week show I talk through Mason Moreland's incredible journey from O&G, to real estate, and eventually owning a productive winery in West Texas. We discuss the importance of staying flexible and not being afraid to change directions to follow your dreams. We also talk about how he and his partners plan to disrupt the Texas grape growing industry through mechanization. 

Matt Fore is a part time real estate investor based out of Nashville, Tennessee. In his professional life he has spent over a decade in sales and sales leadership positions at one of the largest tech companies in the world. We talk about how he utilizes real estate to smooth out his largely commission based compensation. We also discuss the four principles by which he lives his life: Clarity, consistency, efficiency, and compounding.

This week's episode is a recast of a great conversation with JP Warren on the Round the Rotary Podcast. We talked about finding your why and relentlessly pursuing your passions while avoiding analysis paralysis. 

In this episode I explain how I am immensely grateful for the year 2020 despite several major setbacks. Even if you had a truly terrible year, I list three things you can be grateful for that should get you excited about the future. 

Todays episode will focus on the difference between financial freedom and financial independence. The two terms are often used interchangeably, but in reality there is a stark difference between the two. Use this episode to start mapping out milestones on your path to financial freedom!

This week I chat with Michael Brady who is the Executive Vice President of Madison 1031, a national Qualified Intermediary for tax-deferred Exchanges. As a Certified Exchange Specialist and attorney, his responsibilities include consulting with clients and their advisors to provide guidance on the regulations affecting §1031 Exchanges. We tackle the big questions of what is a 1031 exchange, who qualifies to take advantage of it, and how investors can utilize a 1031 to defer capital gains taxes on their real estate investments.

Best selling author and outspoken economist Harry Dent joins me on the show to talk about what he sees as possibly the biggest bubble in our lifetimes about to burst. Harry has an MBA from Harvard, spent a distinguished career as a Fortune 100 business consultant, and has been featured on “Good Morning America,” PBS, CNBC, and Fox News.  Harry explains his unique method for studying economics, and warns of a bubble that has been building for over a decade. All of his leading indicators are calling for a dramatic downturn, and he gives advice on how to prepare your investments for the storms ahead.  

In this episode, I lay out several examples of how we're utilizing emerging technology to outperform the competition in the notoriously low-tech real estate industry. The point of this episode isn't to brag about our success... The underlying lesson in this: fortunes are won or lost based on the ability to find creative solutions to simple problems. Learn to do this well, and success will follow. 

I sat down with completions engineer Taylor Frick to discuss how he and his business partner purchased 6 rentals in less than 6 months. He explains the exact steps they went through to get started, and we discuss how they now have their sights set on larger multifamily investments. For passion projects, Taylor started a scholarship at LSU in memory of a fellow student who passed away. To learn more about the scholarship visit: https://www.lsufoundation.org/jakeseaman 

Part 2- We cover how the election could potentially impact real estate and we get into what Austin wants to do with his own personal investments.  Austin Blankenship is an Associate Director at Berkadia Capital who focuses on loan origination for multifamily assets. Getting the right debt placed on your investment property is critical to the success of your returns, so I wanted to have Austin on the show to get his perspective on the multifamily industry and outlook. Our conversation was soo good I broke it into two shows!

Austin Blankenship is an Associate Director at Berkadia Capital who focuses on loan origination for multifamily assets. Getting the right debt placed on your investment property is critical to the success of your returns, so I wanted to have Austin on the show to get his perspective on the multifamily industry and outlook. Our conversation was soo good I broke it into two shows!

I recap what I learned from real estate industry leaders at a multifamily conference in Dallas last weekend. 

Brent decided to walk away from his corporate landman job and start buying mineral interests around the lower 48 with his brother. After seeing his cashflow decrease by 70% following the oil bust of 2020, he and his brother realized it was time to diversify their holdings by adding real estate into the mix. We talk about how quickly he was able to transfer oil and gas skills to real estate and what it takes to be successful in both asset classes. 

This week I wanted to take a high-level look at the tax benefits available to real estate investors. 

In this episode I chat with experienced real estate investor and coach Blake Choisnet. We talk about how he was able to quickly scale house hacking to a multi-million dollar rental portfolio by following simple, repeatable steps. We talk about the realization that real estate is a tool, not a destination, and how you can use it to achieve your ultimate goals. For more info on Blake, visit www.BlakeChoisnet.com

This was a great interview with Daniel Nickles and Chris Thompson on their Two Smart Assets podcast that I wanted to share with my listeners!

Keeley Hubbard is an experienced sales exec who walked away from her position as VP to pursue multifamily real estate investing full-time. She talks about the importance of not being afraid to pursue your own dreams and commit to building your own empire. Keeley provides some incredible insight and advice for those looking to leave the W-2 rat race and take the leap into the entrepreneurial world. 

My goal in this episode is to help clear the air and remove any fear or uncertainty real estate investors may have with the recent eviction moratorium issued by the CDC in response to Covid-19.  

Ryan Gyllenband is a petroleum landman that has achieved financial freedom through by building a portfolio of single family and small multifamily homes.  We discuss how he got started, his secrets to success, and how cashflow from real estate has helped him smooth out the ups and downs of our industry.  Ryan has some incredible advice for anyone looking to get started on the path to financial independence, so be sure to listen to this episode!